Assay tools and testers
Menu
Note: Please consider that the PGM (Pt, Pd, Rh) content might change from one catalytic to another (with the same serial #) due to its condition affected by mileage, weather conditions, etc. *Assay made with Niton XLT3GOLDD+
Milestone: For the first time, a 400-ounce gold bar is worth $1 million, with gold
prices surpassing $2,500 per ounce.
Gold Price Surge: Gold is up 22% this year, setting multiple records.
Gold Bar Options: While 400-ounce bars are common in Europe, smaller bars like
kilo and 100-ounce bars are more popular in the U.S., with even smaller options
available for consumers.
Dollar Weakening: The rising gold price is linked to a weakening dollar, driven by
expectations of easier Federal Reserve monetary policy and increased inflation.
Central Bank Moves: Central banks are adding more gold to reserves, with 483 tons
added in the first half of the year, as they shift away from the U.S. dollar due to
falling bond values and potential de-dollarization.
Beyond Gold: This trend isn’t just about gold; it signals a broader shift in confidence
away from fiat currencies as inflation erodes purchasing power.
Outlook: This shift suggests gold will continue to set new milestones as the global
financial landscape evolves.
For the full article by Mike Maharrey
IMPORTANT NOTE: The information contains in this article for information purpose only and does not constitute investment advice or a recommendation to buy or sell.
