Gold hits another record --
I can't really say that I didn't expect this, as you know by now that I predict Gold going MUCH higher than even this.
Gold continued to push higher into record territory this week amid concerns about a weak dollar, inflation and technical-based buying by large investment funds.
Rock-bottom interest rates and an ever-expanding U.S. budget deficit "means that gold will have a good underpinning of support through the end of the year," said Tom Winmill, president of Midas Funds, which manages gold-oriented mutual funds. Many have speculated that gold could climb to $1,300+ by the end of the year.
There has never been a better time to get into prospecting for gold, and to stake a gold mining claim.
I encourage everyone to give it a try. Panning for gold is fun and a great way to get your feet wet. It doesn't cost much at all to acquire the panning equipment. Plus, it's a great outdoor activity for people of all ages -- the whole family can enjoy it. I can assure you that when you find your first few flecks of gold, you'll be hooked. It'll be on to bigger gold prospecting adventures for you -- digging, metal detecting, high banking, sluicing and dredging -- With an ounce of gold worth well over $1000 and climbing, the rewards are priceless for any gold prospector.
Tags: sluice bucket, sluice, gold value
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Gold prices hit a new record high Friday as investors fled into gold as a safe-haven asset.
Gold for August delivery was popping $12.70 to $1,261.40 an ounce at the Comex division of the New York Mercantile Exchange.
The gold price has traded as high as $1,262 and as low as $1,243.10 according to Kitco's gold index.
Fridays in the summer typically lead to more volatility in gold as volume thins and traders have been opting for cash and gold over other assets to protect themselves against a weekend where anything can happen. Friday could be especially volatile with quadruple witching forcing traders to repurchase or se ll their options contracts before they expire.
The popular gold exchange-traded fund, SPDR Gold Shares(SPDR), added almost 2 tons Thursday as investors piled into gold despite prices nearing record highs.
Well, let's see if this holds true -- should be interesting! But there has NEVER been a better time to get out there are start prospecting for gold.
Here's wishing you a great prospecting trip, and may the bottom of your pan be golden.
Tags: gold nugget, gold screen, finding gold
Filed under Buying Gold, Gold Articles, Gold Mining Claims, Prospecting for Gold by
