The Metals Have Two-Month Surge to Remember – Up 22% (Gold) and 35% (Silver)

Gold’s peak intra-day price was $2,429 on April 12 and silver was just shy of $30 per ounce at $29.81 on the same day. At that point, gold had risen 22% in two months from $1,990 on February 14 and silver rose a phenomenal 35% in the same two months.

Wall Street Journal Downplays Gold Boom With Costco Shortfalls

A recent article in The Wall Street Journal (WSJ) reported that buying gold isn’t very advantageous because of claims that it is hard to sell without suffering from “friction” – an ambiguous term possibly tied to the stock market but not associated with the precious metals industry. The article, which focused on the wholesale club Costco and its recent gold-selling boom, failed to give adequate information and guidance to gold investors.

Buy Gold From Us, Not Costco – Here’s Why!

It’s bad enough that the major media keep getting the Costco gold story partly wrong, but they keep calling many of the same shallow sources to misrepresent the many long-time qualified coin and bullion dealers in America, as if we, and other true experts didn’t exist. Dozens of dealers with decades of proven expertise are seldom, if ever, contacted, while those fringe buyers in the New York area keep misrepresenting the bullion market.

Media Coverage of Costco is Shallow and One-Sided

Most likely, when these new Costco gold buyers attempt to sell their gold, they won’t know where to get the best deal. Many will be left seeking out pawn shops, local coin shops or even ads for “gold buyers” in hotel rooms offering as little as 50% or less of the value for rare coins, or a huge spot price reduction of 10% to 20%, or more, per ounce of gold. We buy back gold at a little bit below spot gold prices and even a little bit above spot at times, depending on the product. In fact, we buy back millions of dollars per month in products from our customers.

Gold and Silver Are up 10% to 15% in the Last 12 Trading Days

Gold and Silver have each risen on 11 of the last 12 trading days and silver is up 10 trading days in a row, with gold up nearly 10% in that time and silver up 15% in 10 trading days.

My Top 10 Reasons Why Gold Will Break $2,500 in 2024

During my interview with former Republican presidential candidate and financial guru Steve Forbes in October, he told me gold could rise to $2,500 in 2024 “and even higher if the wrong guys win the election.”

Gold Reached $2,200 Per Ounce, Again

Gold reached $2,200 per ounce last Wednesday, March 20, and touched $2,200 again on Tuesday morning, March 26, before retreating.  At $2,175, gold is up 5.5% in 2024, despite a 3% rise in the U.S. Dollar Index so far in 2024, which means gold is up an average 8.5% in terms of other global currencies.

Gold Rally Catches Wall Street “By Surprise” Once Again

One of our long-time themes here is that Wall Street always seems to miss the first $200 or $300 (10% to 15%) of each gold rally by dismissing the value of gold until it sets a new cyclical or all-time record high. Then, Wall Street suddenly wakes up to the value of precious metals, buying at new peak prices instead of valuing their old standby advice of, “Buy low, sell high.”

That happened once again this past week, as The Wall Street Journal published a front-page feature article on Tuesday, March 12, entitled, “Big Gold Rally Surprises Wall Street.”

Gold is Soaring This Election Year as History is Rhyming

As America’s Gold Expert®, my gold price predictions were backed up with confirmation by financial guru Steve Forbes during our meeting in October. Now, major banks are also predicting gold will, at least, hit $2,300 this year.

Gold Closes at New Record High Over $2,100 Per Ounce

In a steady rise, April gold in the futures market traded at $2,128.40 on Monday morning, March 4, gaining $102 per ounce (+5%) in just three days of trading.