Tag: gold
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A short update on Gold
In February 2024, the last time I wrote a post making a plea for increased gold prices, the yellow metal traded at around $2,000/oz. In March 17th of this year, this spot price rose above $3,000/oz, an all time high even compared to the inflation-adjusted price reached $2,646/oz. Physical Gold Demand supply-demand balance in 2024…
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Has the time come to buy physical gold?
On December 2023 1st, the price of physical gold set a new record by increasing to $2,150 an ounce (35grams). Over the past two years, gold has repeatedly broken its past records, meanwhile the US Federal Reserve’s federal funds effective rate was raised from nearly 0% to 5.33% between November 2021 and November 2023. Despite…