2017 Gold Price
The positive view for the spot gold price in 2017.
Did I mention this guy should be running American economics. Why won’t fed raise rates let’s see because our government can’t exist at its current size without 0% rates it’s way to big and we have minimal growth.
During the legendary gold run-up of the 2000s, gold surged from a low of $250 to $1,000 by 2008. A gain of 300%.
You may not realize this, but most gold investments are backed by nothing. The ETFs and futures, which are traded on the London and Comex exchanges, are paper contracts. And there’s more than 252 claims on gold for every ounce of gold available.
In other words, if everybody decided to call in the gold on their futures contracts, only 1 in 252 trades could be covered. Read more
Secret Finding Gold Nuggets
What’s the best way for the weekend gold prospector to find some gold nuggets? Many gold prospectors agree that first you have to be in an area where gold was found before. Once you’re in these old Goldfields you’ll see a lot of past gold mining activity. Naturally, for safety sake stay away from the old mines they could turn out to be real death traps.
I should say before going out to an area to look for gold, check to be sure that it’s public or BLM land and that you are allowed to gold hunt in that area. It’s best to check with the local BLM office. Also, there are many active gold claims in these areas. You do not want to be claim jumping. So, do your research first, before heading out and be sure to stay off active claims and private land. Read more
Spot Gold Price 2017 Forecast
As were just days away from the New Year, let’s take a quick look back on out 2016 was for gold investing before we venture a forecast for spot gold 2017.
At the start of 2016, actually for the first half of the year, you would think that the spot gold price was heading for a new high record. Yes, the first half of 2016 saw one of the biggest spot gold price rallies in about 40 years!
Actually on July 21 Forbes published an article predicting that the spot gold price would hit $1500 an ounce! Currently the spot gold prices trading around $1,130 an ounce. Another gold bullish forecaster in Bloomberg, on September 20 was looking for the spot gold price the hit $1900 an ounce! Read more
Gold Crushing Quartz – Quartz Gold
On a December gold prospecting trip around Yuma Arizona we meet up with the young prospector who’s crushing quartz rocks in hopes of finding gold.
We were near an old gold mine with the miners were following a really long vein of courts that carried a lot of gold in it. Basically, we were doing some dry washing and also metal detecting when we met up with Daniel a young prospector who lives in the area and was looking for iron stain quartz rocks in hopes of finding gold in them. Read more
Gold Prospecting Beginner Tips
Basic tips for beginner weekend gold prospectors.
Yes, when you’re in isolated areas hunting for gold unless you are prepared it could make the difference between a successful weekend gold prospecting trip and a total disaster!
One thing that I didn’t mention in the video, is to also always go with at least one buddy, have a fully charged cell phone, take plenty of water and lastly have a basic first aid kit.
Personally, if you like the outdoors, you enjoy camping, you’ll probably love weekend gold prospecting. Here in San Diego, we usually wait till the end of October or November before going out to the Eastern desert areas of California and the Western areas of Arizona. Going to these locations at other times you can really run into extreme weather and temperatures. Read more
California Gold Mine for Sale
This video was produced to help sell this California placer gold mine. Personally, I think this is a great idea to use video to sell any property and especially an active California gold mine. but, with that said I think for the vast majority of people, this video is a great way to understand and get an inside look on how a small placer gold mine operation really works.
The gentleman who is explaining the operation of this California placer gold mine goes into quite a lot of detail. Any viewer would really get a better understanding of how the classification process really works when you’re trying to find gold.
Now, I understand why they didn’t mention a price because that could change over time especially if the price of gold would spike way up. But, they also really didn’t get into any detail about the profit and loss from this operation. Yes, what I would have really liked to seen in this placer gold mining video would be a profit and loss statement based on the price of gold at the time they produced a video.
Even if there was a decent profit, one must remember that gold mining is very risky and as one area gets played out and you move your operation over just a couple of yards you may hit a pay-streek or the amount of gold that found could be way below the cost to extracted. So, I would’ve sure like to see what their actual profit and loss looks like for 2015 or 2014 when they produced this video. Read more
$40,000 GOLD BAR Crushed
Watch as a $40,000 24 karrat, pure gold bar is crushed with a big hydraulic press!
I’m publishing this just because it involves a pure gold bar and really shows how malleable gold is. but, with that said, I can explain why it’s stupid. It is a solid chunk of relatively soft metal. The outcome is absolutely predictable and no more aesthetically pleasing than the original, as this yellow bar of expensive play-doh simply conforms to the surroundings in accordance with the immense pressure applied. Read more
Gold is proving once again why, historically, it has been the most commonly accepted currency. Given the current disaster that is fiat, we could be looking at an eventual return to the gold standard; the Central Banks wouldn’t want to be left behind, now would they?
The gold standard is a monetary system in which the standard economic unit of account is a fixed weight of gold. There are distinct kinds of gold standard. First, the gold specie standard is a system in which the monetary unit is associated with circulating gold coins, or with the unit of value defined in terms of one particular circulating gold coin in conjunction with subsidiary coinage made from a less valuable metal.
Similarly, the gold exchange standard typically does not involve the circulation of gold coins, instead using notes or coins made of silver or other metals, but where the authorities guarantee a fixed exchange rate with another country that is on the gold standard. This creates a de facto gold standard, in that the value of the silver coins has a fixed external value in terms of gold that is independent of the inherent silver value. Finally, the gold bullion standard is a system in which gold coins do not circulate, but in which the authorities have agreed to sell gold bullion on demand at a fixed price in exchange for the circulating currency. Read more