Several factors send gold to a new record high

Bismarck, ND (KFYR) – Gold investors see their strategy as a way to secure themselves against the dollar and protect their finances in the long term. With over 3,000 US dollars per ounce, Gold has reached a new record high. What else could you buy for this amount of money?

You could take a hollow all-inclusive vacation to a Mexican resort. You can also buy a used car in a decent form, about 600 cups of Starbucks, 3,000 lottery cards or even a pet of Lama.

Investing in gold may seem unreachable for the everyday person, but there are other options.

At the end of March 2024, a ounce of gold would have cost around 2,200 US dollars.

A year later, this increases by more than 800 US dollars to over 3,000 US dollars per ounce.

So what drives the latest dramatic increase in gold prices?

“The US dollar has been planned since the first year.

Bismarck gold and silver exchange owner Larry Schneider said that he was surprised to see this level of activity at these high prices.

“When we started our business [in 1979] You could buy 10 ounces of gold for less than 3,000 US dollars. Today you get an ounce of gold and have to spend more than 3,000 US dollars. So it has changed dramatically, and frankly, the market is much higher than what I had ever expected in my life to be honest with them, ”said Schneider.

Schneider said that if you want to immerse your feet into the gold market, you could invest in the Canadian eagle or Maple programs that are with gold coins with a tenth that cost $ 300.

He also recommends metal investors to consider platinum.

“Platin has been much higher than gold for many years.

To consider something. Graner said these dramatic increases could continue to promote a sale in the future.

Graner also mentioned that gold prices usually rise in the second quarter, immerse yourself in summer and gather again when winter rolls around.

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