Gold Prices Soar to All-Time Highs: Why It's Still a Great Buying Opportunity | The Gold Spot

Gold prices notched record highs this week. On Friday, March 8, 2024, the spot gold price reached an intra-day all-time high price of $2,195.20 an ounce, underscoring the demand for precious metals amid growing economic uncertainty. Silver wasn’t far behind, setting a two-month record.

While dealer premiums tend to rise with prices, investors are being treated with relatively low rates. This presents a limited buying opportunity for those looking to score the best deal before gold and silver prices inevitably move higher.

Despite the recent surge in prices, experts are expecting gold and silver to continue moving upward in 2024. The confluence of deteriorating investor confidence, a weakening economy, and growing worldwide instability is encouraging more people to dive into safe haven assets.

This situation is also opportune for investors looking to maximize the diversity and protection of their nest eggs. With April 15th (tax deadline) looming on the horizon, the clock is ticking for you to be able to make 401k and IRA contributions for both the 2023 and 2024 tax years. With gold and silver set to move higher, this is a perfect opportunity to buy coins and bars at lower prices.

Watch this week's The Gold Spot to hear Scottsdale Bullion & Coin Founder Eric Sepanek and IRA Liaison Michelle Ellis explain why this is a short-lived investment opportunity and where gold prices could be headed soon.

READ MORE HERE: https://www.sbcgold.com/blog/gold-prices-hit-all-time-highs-why-its-still-great-buying-opportunity/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_03082024

⭐ RELATED LINKS:

💰 Premiums on Precious Metals Explained: https://www.sbcgold.com/investing-101/premiums-on-precious-metals-explained/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_03082024

📈 Gold Price Forecasts 2024: https://www.sbcgold.com/gold-price-forecasts/gold-price-forecast-2024/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_03082024

⏳ How to Make an Annual Contribution to Your Precious Metals IRA - 3 Easy Steps: https://www.sbcgold.com/precious-metals-ira/gold-ira-contribution/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_03082024

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👉 Get Gold & Silver Bullion Bar Prices:
- https://www.sbcgold.com/buy-gold-and-silver/buy-gold-bars/
- https://www.sbcgold.com/buy-gold-and-silver/buy-silver-bars/