D&P-OR Posted January 30 Share Posted January 30 Get those gold detectors ah goin!------Gold broke the all time high in history today.-----Today (1/30/'24) $2,790.29----previous high 10/30/'24 $2788.54. Gold price by GoldBroker.com 4 Link to comment https://www.detectorprospector.com/topic/27617-gold-hitting-new-record-highs/ Share on other sites More sharing options...
Gerry in Idaho Posted January 30 Share Posted January 30 1 gram nugget is now worth $90 and many folks will pay $100. Heck, that puts a 1 grain piece of gold at almost $6. That's incredible. 8 Link to comment https://www.detectorprospector.com/topic/27617-gold-hitting-new-record-highs/#findComment-289931 Share on other sites More sharing options...
Popular Post phrunt Posted January 30 Popular Post Share Posted January 30 My crumbs aren't as insignificant anymore 🙂 7 4 Link to comment https://www.detectorprospector.com/topic/27617-gold-hitting-new-record-highs/#findComment-289932 Share on other sites More sharing options...
jasong Posted January 30 Share Posted January 30 $23/hr just by finding 1/4 gram an hour via either detecting or drywashing. Hard to even get $20/hr in a normal job in my part of Wyoming. Looking interesting, finally exceeding the inflation adjusted value by a decent bit and beating wages, here anyways. I had to go back to work hourly doing handyman and gigwork delivery drudgery since the economy and regulations killed both my businesses. Think I'll go detecting and drywashing full time after it thaws if this stays strong. 7 Link to comment https://www.detectorprospector.com/topic/27617-gold-hitting-new-record-highs/#findComment-289933 Share on other sites More sharing options...
phrunt Posted January 31 Share Posted January 31 7 hours ago, jasong said: Think I'll go detecting and drywashing full time after it thaws if this stays strong. I hope you didn't offload your GPZ and coils then! 2 Link to comment https://www.detectorprospector.com/topic/27617-gold-hitting-new-record-highs/#findComment-289960 Share on other sites More sharing options...
jasong Posted January 31 Share Posted January 31 1 hour ago, phrunt said: I hope you didn't offload your GPZ and coils then! People only wanted to buy the coils when I said I was looking at selling it. But I got no interest in swinging a 7000 without them. 😁 I'm still going to have to sell it though this summer after the ground thaws and I can clear out a few places I didn't finish up. Drywashers and dredges are underrated though when it comes to making reliable weight daily I think. Find a place with reliable pay that doesn't pinch out so often, and I can permit my mini ex to move some dirt. Worth it at these gold prices! 🤘 8 Link to comment https://www.detectorprospector.com/topic/27617-gold-hitting-new-record-highs/#findComment-289966 Share on other sites More sharing options...
ChuckScrivener Posted January 31 Share Posted January 31 It seems the Bank of England is having some trouble delivering the gold it's asked to move. Could be nothing or could be a big deal but I'd say the markets keeping an eye on it. https://www.usagold.com/paper-promises-collide-with-physical-reality/#:~:text=The London gold market is,Bullion Market Association (LBMA). Link to comment https://www.detectorprospector.com/topic/27617-gold-hitting-new-record-highs/#findComment-289967 Share on other sites More sharing options...
Redneck Posted January 31 Share Posted January 31 . Huge entities in this country buying gold like crazy. Last time The USA emptied out London was 2 months before covid hit. It used to be that ordering out of London , they would ship in a few days. Now they are telling buyers it will take 4-8 weeks to get their orders!. That means they are almost sold out. What do the big buyers know that is causing them to stock up? My market gurus say gold hits $3300 and Silver $40-45 by April. They have good track records. This run in the metals could last 3-4 years. (I'm heavily invested in the precious metals space) 3 Link to comment https://www.detectorprospector.com/topic/27617-gold-hitting-new-record-highs/#findComment-289969 Share on other sites More sharing options...
Popular Post Steve Herschbach Posted February 5 Popular Post Share Posted February 5 I’d prefer avoiding the why of things as it seems to always get political when people offer opinions on why gold is going up. It’s going up and in the long run probably always will as it gets harder to find and mine, so let’s leave that there. Will lock again at first hint of politics. What should be of more interest to us here is the effect on our own plans. I assume this is motivating at least a few to go chase the scraps that are left? Honestly, I have long thought it was only the rising price of gold that has kept this small scale mining and metal detecting alive. I used to think it no particularly rare thing for me to find an ounce of gold in a day. But I was only getting maybe $200 for that ounce. Sorry, I did sell, but frankly I had bills to pay and selling gold I found helped me make ends meet. In U.S. price assuming quality nuggets sold at full price of gold……. In 2002 to make $300 I had to find a Troy ounce (31 grams) of gold. This year, it’s looking like maybe 3.5 grams of gold to make $300 More to the point, a quarter gram nugget is no super rare thing, and is now over $20 for every one found. There are 480 grains in a Troy ounce. That’s not a nugget at all but a bit or a flake, now worth $5 a dig. Long story short if gold was still $300 an ounce nobody but the pure hobbyists would still be out chasing nuggets. People talk about the fun and adventure thing, but trust me, the price is a huge motivator. We are now finally approaching or at inflation adjusted all time highs not seen in gold since the 1980s. I know business at my old mining shop in Alaska is on fire, and it’s gold prices, plain and simple, that are driving sales. So what about you? Are higher gold prices motivating you to maybe try harder this year? I know it’s put a little extra spring in my step and I’ll probably be out and at it more this year than I was the last couple. I only found a little over an ounce last year, an all time low for me not seen in decades. The good news I guess is that sets the bar super low as a goal to beat in 2025. Gold price adjusted for inflation using the headline Consumer Price Index (CPI) with the most recent month as the base. SOURCE 10 Link to comment https://www.detectorprospector.com/topic/27617-gold-hitting-new-record-highs/#findComment-290368 Share on other sites More sharing options...
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