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