Gold $700

Gold is not just about demand.  Interesting article how we have been mining more.  They think gold might go down to $700-$800.

When looking at gold, investors need to stop focusing so much on demand and look at the over-looked supply side of the market, according to Erik Norland, senior economist for CME Group. 

With many investors wondering why gold is not rallying on news coming out of Greece and China, Norland said the key lies in mine supply.

In his recent paper, the Push-Pull Dynamic in Gold and Silver, Norland highlighted that both metals’ mine supply has been growing steadily since 2009.  “As this mining supply increases it tends to put downward pressure on gold and silver,” Norland said in an interview with Kitco News. 

In a Q1 trends report by the World Gold Council, the organization found that mine production grew by 2% year-on-year to 729.2t, but is expecting supply to tail off in the second half of 2015. 

To read more:

http://www.kitco.com/news/2015-07-10/When-it-Comes-to-Gold-It-s-Not-Just-Demand-Equation-CME-Group.html

3 Reasons Why You Should Buy Gold

Why should you buy gold?  I don't mean gold futures or anything like that.  I mean real physical gold nuggets.

1. Gold has increased in the last ten years more consistently than almost anything I can think of.  When I first started buying gold it was at $400.  I still have a lot of that "cheap" gold and now it is worth over $1200 a troy ounce.
2. Gold has never been worth $0 or even close to it like some stocks.  It is a hedge against inflation.
3. I can physically own it, hold it right in my hands.  I can buy it as gold jewelry and wear it.  Gold is easy to sell.

13 Years of Gold Prices

Gold has increased since 2000.  So what is happening now?
Are you still buying   ?  I know I am buying all I can right now.


I see gold for sale from reliable sellers here on eBay
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Gold prices are moderately lower in early U.S. dealings Monday as prices trade not far above last week’s 2.5-year low of $1,268.70, basis August Comex futures. Bearish outside market forces are working against the precious metals to start the new trading week, as the U.S. dollar index is higher and the raw commodity market sector is under general selling pressure. The gold and silver market bears remain in strong technical control of their markets. Comex August gold last traded down $8.90 at $1,283.10 an ounce. Spot gold was last quoted down $14.70 at $1,284.40. July Comex silver last traded down $0.319 at $19.64 an ounce.

There is still risk aversion in the market place Click here to read more.

The Question is Will Gold Ever Go Back Up?

We were all hoping gold would go to $2000, what happened?
It is still a really great time to buy gold with the price down.  I just don't feel you can ever go wrong with buying gold.  To me you can never have too much gold.

This is an article from Kitco.com on what they think is happening.
#Gold & #Silver Hammered to 2.5-Year Lows; Major Chart Damage Suggests More Downside To Come ▸ http://OnKit.co/mdRif 

Gold and silver futures prices are sharply lower and have careened to better-than-2.5-year lows in early U.S. trading Thursday. The market place sees traders and investors in a keen “risk-off” mentality following Wednesday’s U.S. Federal Reserve events. Fresh, serious technical damage has been inflicted in the gold and silver markets to suggest they will see still more downside price pressure to come. Comex August gold last traded down $70.10 at $1,303.90 an ounce. The August contract traded down to a low of $1,285.00 in overnight trading. Spot gold was last quoted down $46.40 at $1,305.25. July Comex silver last traded down $1.458 at $20.165 an ounce. July silver hit a low of $19.64 in overnight trading.

Asian and European stock markets slumped overnight. U.S. stock indexes are also solidly lower Thursday morning. Most raw commodity markets are getting hit hard Thursday. Importantly, world bond markets are also seeing serious selling pressure Thursday. The U.S. dollar index has rallied sharply after early Wednesday hitting a four-month low.

While the FOMC statement released Wednesday afternoon said U.S. monetary policy will not see an imminent change and there was no mention about tapering of the Fed’s monthly TO Read more https://www.facebook.com/KitcoNews?ref=stream&hc_location=stream

To find some gold to buy look here
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How do you how to size your gold nugget?

How do you describe the size of your gold?

This  is how we do it.

Nugget - Worn and rounded by movement through water and earth. Weighs over one grain Troy.

Coarse Gold - Remains on (won't pass through) a 10 mesh screen.

Medium Gold - Passes through a 10 mesh but remains on a 20 mesh screen.

Fine Gold - Passes through 20, remains on 40 mesh screen.

Very Fine Gold - Passes through a 40 mesh screen.


Flour Gold - Not really defined but smaller than very fine.

Where do you find gold if you are not living here in Arizona where we can find it in the dessert with our ..... Well you can find some gold nuggets here......

Have you ever bought a gold nugget?

Have you still got your gold nugget?
Do you think it is still a good idea to buy gold?
I think now is the time to be buying gold.  The price is way down with everyone worried that some bank overseas is going to sell off their gold.   What websites do you follow to find out gold prices?  I use Kitco.com, I really like their charts.  You can find their price chart on the right of my page.

  

Click here to see my Gold Nugget...

Are You Metal Detecting for your Gold? Here are reviews.

Metal detecting is very popular here in AZ.  This article has reviewed many of them.  http://www.thebestmetaldetector.com/

We have metal detecting clubs with over 1000 members in just ours.  There is a club in Yuma, Laughlin, San Diego and Phoenix.  The clubs buy up mining claims and when you join for only $20 a year you get to use those claims.  Lots of gold nuggets have been found on our claims with metal detectors.  Enough to pay for it and more.  To see some for sale new and used .Metal Detectors">....
We have been lucky enough to acquire some nice gold nuggets, see them here ..Gold Nuggets..