Lid Off Gold & Silver Prices: Epic Growth Ahead? | The Gold Spot

Gold has surged past $2,700 an ounce, marking a 33% rise in 2024 and another high in the record book. This massive gold rally is primarily driven by strong central bank gold demand, with purchases nearly doubling to over 1,000 tons annually since 2022.

The rising geopolitical tensions and interest rate cuts provide more momentum for gold prices, but central banks are doing the heavy lifting. Despite long-term purchases, gold prices were relatively tame over the past few years, owing in large part to behind-the-scenes market manipulation.

Recent revelations confirmed long-standing manipulation by major players like JP Morgan, who kept prices down for decades. In reality, this has been a decades-long practice with government forces involved. However, robust gold demand has blown the lid off this finagling.

Although demand is currently off the charts, China has been a secret gold bullion buyer for over a decade, accurately predicting the long-term weakness of the dollar. This prompted regional buying throughout Asia.

Watch this week’s The Gold Spot to hear Precious Metals Advisors Tim Murphy and Brian Conneely cover why all these seemingly unrelated factors are setting up gold and silver for epic growth potential.

🔗 Read more at: https://www.sbcgold.com/blog/gold-silver-prices-set-up-for-epic-growth-gold-spot/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_10232024

⭐ RELATED LINKS:

🔗 Experts Boost Gold Price Forecasts for 2024-2025…Again: https://www.sbcgold.com/blog/experts-boost-gold-price-forecasts-for-2024-2025-again/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_10232024

🔗 Should You Buy Gold or Silver? Determining Which Precious Metal is the Better Investment: https://www.sbcgold.com/blog/should-you-buy-gold-or-silver-determining-which-precious-metal-is-the-better-investment/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_10232024

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📈 See Live Gold and Silver Spot Prices:
https://www.sbcgold.com/charts/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_10232024

🔗 Get Gold Bullion Bar Prices:
- https://www.sbcgold.com/buy-gold-and-silver/buy-gold-bars/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_10232024

🔗 Get Silver Bullion Bar Prices:
- https://www.sbcgold.com/buy-gold-and-silver/buy-silver-bars/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_10232024

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⭐ Scottsdale Bullion & Coin Precious Metals Advisors in this The Gold Spot video:

👤 Brian Conneely: https://www.sbcgold.com/about/brian-conneely/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_10232024

👤 Tim Murphy: https://www.sbcgold.com/about/tim-murphy/?utm_source=rumble&utm_medium=video&utm_campaign=goldspot_rmbl_10232024