Fort. Knox’s massive reserve has reportedly been valued at $425 billion according to the New York Post, with the rest of the United States’ highly sought-after metal being stored in the Federal Reserve Bank of New York.
Rand Paul said he has tried to get his eyes on the Ft. Knox gold for 10 years “to make sure it’s all there.”
Source – Fox News
DOGE – Department of Government Efficiency
Gold prices rose on Friday as investors turned to the safe-haven asset after United States President Donald Trump imposed fresh tariffs on a broad range of countries, while the market’s focus shifted to the U.S. non-farm payrolls report.
Spot gold was up 0.3% at $3,299.54 per ounce, as of 1119 GMT. However, bullion is down 1.4% so far this week.
U.S. gold futures rose 0.1% to $3,351.40.
“The incoming US jobs report may also trigger another big move for gold. Another demonstration of resilience by the U.S. jobs market could send gold southbound towards $3,200,” Han Tan, chief market analyst at Nemo.Money.
Spot silver fell 0.7% to $36.49 per ounce, platinum lost 1.6% at $1,269.27 and palladium was down 1.7% at $1,170.35.
Source – Reuters
Source – APMEX
The Wyoming state page is now live on Victoria’s Coin. Explore trusted gold and silver dealers offering rare coins, bullion, and reliable numismatic services across the state.
The market in this state is small but the coin dealers here are mighty with experience. Call and ask for the latest gold spot pricing and set up an appointment to buy, sell, or trade (some locations) your precious metals.
Wyoming Gold and Silver Dealers is where you can find your local dealer.
Happy Investing!
-V.
While silver does look extraordinarily resilient at the moment, the reality is that it may not be that easy to get to the $32.35 level.
Source – FXEMPIRE
Listen up, fellow investors and fellow learners! Did you know that in 2024, precious metals are experiencing one of the most dynamic investment landscapes in recent history? Spoiler alert: The battle between silver and gold isn’t just about shiny metals – it’s about strategic wealth preservation and potential growth.
I’ve been diving deep into investment strategies recently, and the silver versus gold debate never gets old. Each metal has its own personality, its own market dance, and its own unique advantages. Imagine trying to choose between two incredible dance partners – that’s what selecting between silver and gold feels like!
Precious metals have been humanity’s financial safety net for centuries. From ancient civilizations to modern investment portfolios, gold and silver have weathered economic storms, survived market crashes, and continued to shine (pun absolutely intended). In this guide, I’ll break down everything you need to know to make an informed decision about these fascinating investment options.
Let’s get real about what makes these metals more than just pretty objects. Precious metals aren’t just shiny rocks – they’re complex economic indicators with fascinating backstories.
Gold and silver have been monetary assets for thousands of years, but their roles have dramatically evolved. They’re no longer just coins or jewelry; they’re sophisticated investment vehicles with intricate market dynamics. Here’s what makes them special:
Each metal responds differently to global economic conditions. Gold tends to be the steady, reliable performer – think of it like the experienced marathon runner of investments. Silver? It’s more like the energetic sprinter, with higher volatility but potentially more explosive growth.
Gold has been the traditional “safe haven” investment for generations, and for good reason. Picture it as the reliable grandfather of precious metals – stable, respected, and rarely letting you down completely.
Historically, gold has been an incredible hedge against economic uncertainty. During market crashes, political instabilities, and inflationary periods, gold prices tend to rise. It’s like a financial superhero that shows up when other investments are struggling! Just look at this year (2024) alone.
Key investment considerations for gold include:
The average investor can expect gold to provide steady, modest returns. It’s not about getting rich overnight, but about protecting and slowly growing your wealth. Think of it like a financial tortoise – slow, steady, and likely to win the long-term race.
Silver is the exciting, unpredictable cousin in the precious metals family. What makes silver truly fascinating is its dual nature – it’s both an investment asset and an industrial commodity.
Unlike gold, which is primarily a financial instrument, silver has massive industrial applications. From solar panels to electronics, from medical equipment to electrical connections, silver is literally helping build our modern world. This industrial demand creates a unique investment dynamic that gold simply can’t match.
Investment highlights for silver include:
The exciting part? Silver’s price can experience more dramatic swings. While this means higher risk, it also means potentially higher rewards. For investors willing to ride a more exciting investment wave, silver offers incredible opportunities.
Let’s break down the head-to-head comparison between these two precious metals:
Price Stability:
Investment Volume:
Industrial Utility:
Market Performance:
Here’s the million-dollar question: Which should you choose? The answer isn’t straightforward and depends on your personal financial goals.
Consider gold if you:
Consider silver if you:
Pro tip: (As I have learned) Many seasoned investors don’t choose between gold and silver – they include both in a diversified portfolio!
Investing in precious metals isn’t about picking a winner, but understanding how these assets can complement your overall financial strategy. Gold and silver each bring unique strengths to the table.
Remember, no investment is a guaranteed success. Always do your research, consult with financial professionals, and invest according to your personal risk tolerance.
Your next step? Start researching, ask questions, and consider how gold and silver might fit into your investment journey. The world of precious metals is waiting for you to explore!
“Gold is an asset that is able to preserve value under the biggest variety of macroeconomic dislocations that we have seen,” said Thomas Kertsos, co-portfolio manager at First Eagle Investment Management LLC. “We’ve seen that over centuries gold has been able to — despite the volatility — always mean-revert and always maintain its purchasing power, all while providing significant liquidity.”
“You’ve got huge uncertainty coming out of US policy that’s also just casting its shade over the global economy this year,” said Ian Samson, a multi-asset portfolio manager at Fidelity in Singapore.
The foundations for the gold rally were partly set by global central banks’ wariness of relying heavily on the US dollar, also a reflection of geopolitical uncertainty.
Source – Bloomberg
Rally – is a period of sustained increases in the prices of related indexes. In this case we are talking about gold.
