$3000 Gold, Are You Kidding Me?
Posted on | April 1, 2025 | No Comments
Back in February 2020, in the very beginning of the COVID-19 pandemic, I reported on gold reaching new highs at $1,600 an ounce. Today, it’s well over $3,000 per ounce. Almost double 2020 highs. What’s causing this?
The number one reason is inflation. When inflation rises, as it has lately, tangible assets like gold (and silver) provide investors safe havens against volatile markets. With impending tariffs and rising prices on all consumer goods, this market is prime for a rise in metals.
Generally, a weak dollar and low interest rates also contribute to a rise in gold. However, in this market, I don’t think we can go by any of the “normal” market predictions for metals. Bottom line is that in uncertain times, and we are in one of them, gold, silver and platinum prices soar.
Check out this 10 year chart on gold:
As you can see, it’s been steadily rising and doesn’t show signs of a tumble. So what are we doing here at Samuelson’s? Holding? Nah, we are just buying and selling. I learned (the hard way) in the last gold and silver push, that my job is not to predict. If I knew what gold would do over the next year, I would be on my own private beach counting my cash – or stacking my coins! So we are buying at top rates, giving value and transparency to all of our clients, and turning. The motto is TURN AND BURN.
So don’t try and be a market predictor. That’s a loser’s game. If you got it, sell it, make your money and be happy you got it at an ALL TIME HIGH!
Tags: gold > gold coins > gold market > gold market predictions > sell gold > sell gold baltimore > sell gold washington dc > silver
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