By the way in 1974 Gold Went from 32 Dollars an ounce that had been forced to stay that price since the Great Depression to around 300 dollars per ounce then. My Uncle who was a Gold Bullion dealer then needed a tax shelter when this happened. So, he invested in a mining business in California and Arizona. I was living in Hilo, Hawaii then with my first wife and baby son and got injured over there so I couldn't work. So, I got a job after I recovered in California as a working partner in this mining Venture. My Father and I were working partners in this business and a friend of mine who was an Architect and City planner who had gotten his degrees from CAl Poly in San Luis Obispo came in as a working partner in this mining business too. we refurbished an older Mining mill for processing mining ore in 29 Palms California and had mining Claims in the Virginia Dale mining district in California and also in Gila Bend, Arizona then.
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- Price Action: Gold spot prices reached as high as $5,108–$5,111 per ounce on Monday and Tuesday.
- Magnitude: The price jumped over $70 in 24 hours, approaching the $80 range depending on the specific exchange and time of recording.
- Drivers: This rally is driven by strong safe-haven demand, U.S. tariff threats, geopolitical tensions, and fears of a government shutdown.
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