If YOU would like to be on a Gold & Silver PING LIST, please pm me.
The Gold & Silver Ping List covers the following:
Everything Gold & Silver
Stock market investments in mining companies,
etc.
Posted on 01/23/2025 8:37:38 AM PST by delta7
2024 was an eventful year in politics. Around half of the world’s population was called to the polls for presidential or parliamentary elections. For the first time in the history of Western democracies, every governing party lost support in the elections. Among all the changes of government, Donald Trump’s return to the White House stands out, especially as the Republicans also hold the majority in the Senate and the House of Representatives. A few weeks ago, the German traffic light coalition collapsed after long squabbles. Germany is now voting prematurely at the end of February.
For gold investors, 2024 was truly a golden year. *The yellow precious metal gained 27.2% in US dollars, 35.6% in euros and 37.1% in Swiss francs.* The marked differences in performance in the various currencies indicate the significant exchange rate shifts between the currencies last year.
In US dollars, 2024 was the sixth year with a positive annual performance for gold since 2016; in euro terms, it was the seventh consecutive year with positive returns. In Swiss francs, the rhythm that has existed since 2015 – one year of losses followed by two years of gains – was broken in favour of gains. Gold in Swiss francs has, therefore, closed seven of the past 10 years with positive returns. And in the first days of the new year, gold reached a new all-time high in euro terms, due to continued weakness of the euro weakened.
The astounding rise in the price of gold since the summer was halted by Donald Trump’s re-election as US President at the beginning of November. However, the dip in the final weeks of 2024 was unable to significantly change the far above-average annual performance of gold. In euros and Swiss francs, the marked appreciation of the US dollar since Donald Trump’s re-election prevented a decline in the price of gold in both currencies.
Gold beat most other asset classes in 2024
With a clear double-digit percentage increase, gold outperformed most stock markets, which also performed well to very well. Gold was even ahead of the booming US stock market……
When gold dropped into the $1800s last October, I made a huge purchase of American Buffalos. Six figures.
If YOU would like to be on a Gold & Silver PING LIST, please pm me.
The Gold & Silver Ping List covers the following:
Everything Gold & Silver
Stock market investments in mining companies,
etc.
“The Next Phase of Gold’s Bull Market Has Just Begun”
After a two-and-a-half-month pause, gold’s bull market is gearing up to surge to $3,000 and beyond.
https://thebubblebubble.substack.com/p/the-next-phase-of-golds-bull-market-f92
The biggest question on my mind today is do I buy another AGE tomorrow? That is the question. Really thinking that I will get one on the way home from work tomorrow. I have to say that I’m fairly certain that the price isn’t going down a whole lot in the immediate future.
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