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What Is Highest Price of Gold in History (Updated 2024)
- March 12, 2024
- Posted by: Agbaje Feyisayo
- Category: Gold
No CommentsSince its discovery by the ancient Egyptians several centuries ago, gold has played an essential role in every civilization. It has been used for a lot of things, from ornaments of the rich to it being issued as some sort of currency. Since the U.S dollar became the world reserve currency, gold has played an
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Gold Hits New All-Time Record High
On 8th of March, 2024, gold prices soared to a record high, driven by anticipation of monetary easing in the U.S. and ongoing geopolitical tensions. This surge attracted momentum-driven funds, potentially setting the stage for further increases in the value of this precious metal. The broader, robust fundamental factors supporting gold include: Strong physical demand
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Gold Melt Value
The allure of gold is timeless, stretching from ancient civilizations to our modern economy. One term often associated with gold, especially in coins and bullions, is its “melt value.” This measure helps investors, collectors, and dealers assess the intrinsic value of gold items. Let’s delve deeper into this subject, focusing on gold coins from various
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When Will Inflation Go Down?
The question on everyone’s minds is when will inflation finally go down? Unfortunately, predicting exactly when inflation will come down is not an exact science, as many factors contribute to inflation rates, and many are outside our control. However, inflation may start to slow down in 2023. According to the Federal Reserve, they expect inflation
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How Much Gold is in a Cell Phone?
If you’ve ever opened your cell phone, you would have noticed the gold-colored components. There is actual gold in your phone, used because of its excellent conductivity and resistance to corrosion. However, the amount of gold contained in a phone is smaller than one might expect. On average, a smartphone might have around 0.034 grams
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Gold price falls as US core PCE data looms large
In the early trading hours of Monday in New York, the price of gold experienced a decline as market participants braced for a series of critical economic announcements expected throughout the week. The potential for an increase in gold prices was tempered by the Federal Reserve’s continued assertive stance on interest rates. Meanwhile, geopolitical tensions,
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American Eagle Gold Coin: History, Anatomy and Symbology
- February 23, 2024
- Posted by: Agbaje Feyisayo
- Category: Buy Gold, Gold, Gold Investing, Gold IRA
The American Eagle Gold Coin stands as a symbol of American heritage and economic strength, embodying the rich history and the enduring spirit of the nation it represents. Launched by the United States Mint in 1986, the American Eagle Gold Coin has become one of the world’s most sought-after gold bullion coins, not only for
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How much gold can I buy with $10,000?
Investing $10,000 in gold is a strategic decision that many individuals consider to diversify their investment portfolio, hedge against inflation, or own a tangible asset with intrinsic value. The amount of gold you can buy with $10,000 will depend on several factors, including the current market price, the type of gold you wish to purchase
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How much gold can I buy with $100,000?
Investing in gold has always been a popular choice for those looking to diversify their investment portfolio or seek a haven during economic uncertainty. With $100,000 to invest, understanding how much gold one can purchase is crucial for planning and making informed decisions. This article breaks down the process of calculating the amount of gold
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How much gold can I buy with $500,000?
- February 16, 2024
- Posted by: Agbaje Feyisayo
- Category: Buy Gold, Gold, Gold Investing, Gold IRA
Investing $500,000 in gold is a considerable move that could substantially impact an investor’s portfolio. Given gold’s enduring value, this investment not only diversifies assets but also serves as a safeguard against inflation and economic downturns. However, determining the amount of gold this sum can procure involves understanding the intricacies of the gold market, including
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