Gold Archives | Your Gold Guys

Why Are Gold Prices So High Right Now? The Gold Guys Take a Deep Dive into the Surge!

February 18, 2025

Gold has long been a symbol of wealth and security. For centuries, people have turned to this precious metal during times of economic uncertainty, viewing it as a staple of value. But recently, the price of gold has hit historic new heights, reaching levels that many didn’t foresee.

You might be asking, “why is gold so expensive right now?” and “what is driving these price increases?” Well, lucky for you, we’re taking a closer look at the factors that have sent gold prices soaring to these new levels.

The Global Economic Shift: Understanding BRICS and the Role of Gold

February 18, 2025

The global economic landscape is undergoing a significant shift, and you’re going to want to know about it.

For decades, the economic powerhouses of the West, including the U.S. and Europe, have dominated global markets. However, in recent years, a rising coalition of five emerging economies collectively known as the BRICS nations, has been steadily gaining influence and momentum, reshaping the dynamics of global economic power.

Together, these countries represent a significant portion of the world’s population, landmass, and GDP (Gross Domestic Product). As the world’s markets continue to evolve, understanding the role of BRICS and how it influences industries like precious metals, particularly gold, is crucial for businesses looking to navigate the future of global trade.

Analyzing the 50-year history of gold prices

April 28, 2024

The history of gold dates back millennia, having first been used as a monetary store of value as early as 500 BCE. Its role has shifted many times throughout the centuries, from serving as a form of currency and as a standard economic value basis to now primarily serving as a diversification hedge against risk and inflation.

Still, throughout the centuries, gold has always been relied on as a key indicator of the states of global economies and as a means for anticipating what may be on the horizon in terms of fiscal growth.

Here is a closer look at the history of gold and of gold prices throughout the past 50 years to help inform the direction gold may be headed in the coming years and why now is an ideal time to sell your gold.

When is the Perfect Time to Sell Your Gold?

March 20, 2024

Gold is ultimately an investment, and as with any investment, the overall goal is to eventually sell for more than your initial price.

But how can you make sure you’re not just making some profit, but are instead truly capitalizing on your gold’s value? This is where it is important to understand market trends.

Timing and observation are particularly critical in selling valuable materials like gold—in 2024, many gold investors and owners alike are wondering— is it a good time to sell gold?

Here are a few signs now is the perfect time to sell your gold.

Delving into the Golden Realm: Unveiling the Gold Mining Process, Extraction Methods, and Environmental Impact

December 21, 2023

Gold, a metal that has captivated humanity for centuries, holds a unique allure with its gleaming beauty and enduring value. The quest for this precious metal has led to the development of sophisticated mining techniques and a complex industry that shapes economies and landscapes alike. Embark on a journey with us as we explore the captivating world of gold mining, delving into the intricate processes, environmental considerations, and far-reaching impacts that define this captivating endeavor.