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A Brighter Future for Gold in 2023

Gold is one of the most precious metals in the world. It has been used for centuries as a store of value, a medium of exchange, and a symbol of wealth and power. But what does the future hold for gold in 2023? In this post, we’ll explore some factors that could influence the price and demand of gold in the next year.

Why Gold Matters

Gold is more than just a shiny metal. It has many unique properties that make it valuable and desirable. For example, gold is:

  • Durable. Gold does not corrode, tarnish, or rust. It can last for thousands of years without losing its quality or beauty.
  • Rare. Gold is scarce and difficult to mine. The total amount of gold ever mined is estimated to be around 200,000 tons, which could fit in a cube with sides of 21 meters.
  • Malleable. Gold is soft and easy to shape. It can be hammered into thin sheets or drawn into thin wires. One ounce of gold can be stretched into a wire 80 kilometers long.
  • Conductive. Gold is an excellent conductor of electricity and heat. It is used in many electronic devices, such as computers, smartphones, and satellites.
  • Divisible. Gold can be divided into smaller units without losing its value. It can be melted and reformed into different shapes and sizes.

These properties make gold versatile and valuable for various purposes, such as jewelry, investment, industry, and medicine.

What Could Affect Gold in 2023

Many factors, such as supply and demand, inflation and deflation, interest rates, geopolitical events, and market sentiment, influence the price and demand of gold. Here are some of the possible scenarios that could affect gold in 2023:

  • A global economic recovery. If the world economy recovers from the pandemic and grows faster, this could boost the demand for gold as a hedge against inflation and currency devaluation. Gold could also benefit from increased consumer spending on luxury goods like jewelry and watches.
  • A prolonged pandemic. If the pandemic persists or worsens in 2023, this could dampen the demand for gold as a consumer good and an industrial metal. People may have less disposable income to spend on non-essential items or invest in gold. However, gold could still be a haven asset in times of uncertainty and crisis.
  • A rise in interest rates. If central banks raise interest rates to curb inflation or stimulate growth, this could reduce the appeal of gold as a non-yielding asset. Higher interest rates could also strengthen the US dollar, which tends to have an inverse relationship with gold prices.
  • A fall in interest rates. If central banks lower interest rates to support the economy or fight deflation, this could increase the attractiveness of gold as a store of value and a hedge against actual negative returns. Lower interest rates could also weaken the US dollar, which tends to have a positive relationship with gold prices.
  • A geopolitical conflict. If there is a significant war or political turmoil in 2023, this could increase the demand for gold as a haven asset and protection against geopolitical risks. Due to disruptions, gold could benefit from increased central bank buying or reduced mine production.

How to Invest in Gold in 2023

There are many ways to invest in gold in 2023, depending on your risk appetite, time horizon, and objectives. Some of the methods are:

  • Physical gold. You can buy physical gold through bars, coins, or jewelry. This gives you direct ownership and control over your gold assets. However, you also have to consider the costs of storage, insurance, and transportation. The best way to do this is to know how. You can click here to earn about buying physical gold.
  • Gold ETFs (exchange-traded funds). You can buy shares of ETFs that track the price of gold or hold physical gold in vaults. This exposes you to gold without dealing with the hassles of owning physical gold. However, you must also pay fees and commissions to the fund managers and brokers.
  • Gold stocks (mining companies). You can buy shares of companies that mine or produce gold. This gives you leverage to the price of gold and potential dividends from profitable operations. However, you also have to face the risks of operational failures, environmental issues, and political instability.
  • Gold futures and options (derivatives). You can buy contracts that give you the right or obligation to buy or sell gold at a predetermined price and date. This gives you flexibility and leverage to speculate on the price movements of gold. However, you must also deal with high volatility, margin requirements, and expiration dates.

Read more about it and watch the interview about this subject with David Nelson. Click here to go to the site and watch the interview.


Gold is a fascinating and valuable metal that has many uses and benefits. It is also a dynamic and complex market influenced by many factors. In 2023, gold could face various opportunities and challenges that could affect its price and demand. If you want to invest in gold in 2023, you should do your research, understand your goals, and choose the best method for you.

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3 Reasons why The Gold Documentary by Moconomy is Key

Moconomy is a News Media Outlet that makes excellent Documentaries about a wide array of topics in the Field of Economics. Their content is always done in the most professional way possible, educates and entertains.

In February of 2022, They made an hour-long Documentary about Gold that is paramount to anybody interested in the Economy and particularly crucial for those in the Gold Industry.

We found 3 Reasons why this Video Documentary is Key.

1.- Understanding the History of the Word Economy is essential to becoming a financial professional. Particularly knowing the role that Gold has had and still has as the oldest and one of the most critical and valuable currencies can make all the difference between economic success and failure.

2. It Educates the Viewer in dept, explaining how scarce it is, how it works as both a currency and commodity and its unique properties. How it has served and still does as a symbol of wealth, power, and beauty.

3. In this Documentary, one can understand the Importance of Gold and how today's Economy relates to the metal. It also lets us look into the Economic Future while helping to understand the importance that it will have in the future and how to be better prepared for it.

In February of 2022, They made an hour-long Documentary about Gold that is paramount to anybody interested in the Economy and particularly crucial for those in the Gold Industry.

We found 3 Reasons why this Video Documentary is Key.

1.- Understanding the History of the Word Economy is essential to becoming a financial professional. Particularly knowing the role that Gold has had and still has as the oldest and one of the most critical and valuable currencies can make all the difference between economic success and failure.

2. It Educates the Viewer in dept, explaining how scarce it is, how it works as both a currency and commodity and its unique properties. How it has served and still does as a symbol of wealth, power, and beauty.

3. In this Documentary, one can understand the Importance of Gold and how today’s Economy relates to the metal. It also lets us look into the Economic Future while helping to understand the importance that it will have in the future and how to be better prepared for it.

The Documentary GOLD | Documentary | The History of Gold | Why Gold became Money by Makes an extraordinary documentary about gold, gold’s history, gold in the present times, and the possibilities of gold in the future.

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Analysts predict that gold will have a challenging start to 2023 but will shine more toward the end of the year.

Financial markets are still dominated by uncertainty as central banks’ monetary policies cause a worldwide recession to curb inflation. Watch GK News to hear from professionals on how to survive the choppy financial markets in 2023.

The gold market is concluding 2022 on the rise in about a neutral zone at around $1,800 an ounce after a hard year loaded with challenging obstacles.

The price of the precious metal is anticipated to drop by less than 2% at the year’s conclusion, placing it second among the best-performing assets just behind the US dollar. Although the market is becoming more bullish, some analysts caution investors that they will need to exercise patience in 2023.

Although the gold market is expected to continue outperforming most asset classes in the new year, some central banks and commodity analysts expect to see a significant push higher in the year’s second half. Gold prices are expected to remain at around $1,800 an ounce in neutral territory.

The Federal Reserve’s solid monetary policy stance, which weighed on gold for most of the year, may persist until the first half of 2023.

In its last monetary policy meeting for 2022, the Federal Reserve forecasted the Fed Funds rate peaking above 5% in 2023. The central bank’s updated forecast capped a year with the most aggressive tightening cycle since 1981 as inflation rose to a more than 40-year high.

Although inflation has come down from its summer highs, Federal Reserve Chair Jerome Powell said that the central bank’s job isn’t finished.

“Even with today’s action, we are not in a sufficiently restrictive position. When we reach that position, the next consideration is how long we should remain there. And there is a strong belief on the committee that we must stay there until we are convinced that the rate of inflation is down sustainably, which we believe will take some time, “At a press conference on December 14, he stated.

Despite the Federal Reserve’s steadfast stance against inflation, economists point out that the institution is nearing the conclusion of its cycle of tightening, which may be advantageous for gold.

According to Bank of America, the Federal Reserve will stop tightening policy in March, and the first rate cut will occur by the end of 2023.

According to Bank of America’s commodity expert Michael Widmer, the price of gold may reach $2,000 per ounce in this situation.

By the end of the year, the Federal Reserve is also expected to lower interest rates, according to commodity analysts at Commerzbank. However, as investors get used to a new terminal rate climb above 5%, gold prices may struggle in the short run.

The Fed is projected to decrease the benchmark rate again around the end of 2023 in light of a weak economy and lower inflation after what is anticipated to be the final interest rate boost in March. On the other hand, the Fed still needs to make this prediction. According to analysts at the German bank, the gold price should increase again as soon as the Fed follows suit.

As the U.S. economy will have been in a recession since the start of the year, this should be the second half of next year when inflation will have sufficiently decreased. The decline of the U.S. should also help the price of gold.

In 2023, how low can gold prices fall?

The Federal Reserve will continue to tighten its monetary policy in the coming year despite reducing the rate hike pace, which will reduce investor interest in gold.

In 2023, central banks will keep buying gold.

Posted in: Bars and Coins, News, Precious Metals

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How to buy Gold and other Precious Metals

5 Ways to Buy Gold

Diversification is a key word used by many advisers when they advise that gold and other precious metals are deserving of a place in any investment portfolio

Gold – A diversifier in any Investment Portfolio

how-to-buy-gold-sell-silver-platinum-diamonds-oro-ankaufFor the last 5000 years, gold and other precious metals served to back the economy, a country’s wealth used to be measured by the amount of gold they possessed. Although that is no longer the case, precious metals still play an important role in the world economy.

When all other commodities are down, the prices of gold, silver, platinum and palladium goes up, so does cooper. Especially in times of fear and inflation investors seek a safer product and go directly to buying gold. Many believe that gold is the only true currency, especially in times of panic and uncertainty.

Thanks to modern technology and globalization, we now have access to a great number of options of where to find gold; exchange and trade funds, jewelry swaps, even gold-vending machines. There are different opinions from advisors about gold and other precious metals. Some believe that gold and other precious metals should be a part of an investment portfolio because they help to diversify, silver and platinum, now, play a very important role as reliable commodities. Other advisors claim that gold and other precious metals are not investments, but more like collectibles, because gold or silver cannot produce returns.

We, at gold-buying-training disagree. But before you take the plunge into the gold rush, keep in mind some tips:

Don’t expect any return if you buy gold the traditional way. To learn more about buying gold at a discount click here

how-to-buy-gold-diversify-portfolio-investment-sell-silver-platinum-diamonds-oro-ankaufAn unpredictable investment. The return on investment in gold, from 2001 to 2010 was of 17.7% per year. But this is not always the case. Relative to the US dollar, for instance, gold lost nearly 60% for almost 20 years in the 80’s and 90’s.

An Investment lacking a logical relation. Most assets move in tandem but that is not the case with gold, silver and/or platinum, which is why it serves as a diversifier in an investment portfolio. Some financial advisers recommend keeping up to 10% in gold and other precious metals in your portfolio to help stabilize portfolio volatility.

There are a lot of ways to buy gold

how-to-buy-gold-funds-diversify-options-stocks-portfolio-investment-sell-silver-platinum-diamonds-oro-ankaufReal and physical gold. As an investment, gold coins and bars are the best option for those who want to keep it close and in an immediate basis. Jewelry is another asset but a hole other ball-game, it did, however, represent 54% of total gold demand in 2010, according to the World Gold Council.

Stocks. When it comes to stocks, gold, silver and platinum mining stocks are the most popular option. These offer investors the option to bet on gold demand. Mining company profits can change rapidly with the price of gold and other precious metals, when the price of gold goes up, mining stocks tend to go up as well.

Funds and ETFs. Some advisers and investors rely on GLD, the abbreviation for gold in the financial-investment world. Trade-exchange funds like SPDR Gold shares (GLD) are, indeed, backed by gold, however shareholders are not given the option of taking actual possession of it.

Safety. When possessing valuable items, one must consider certain safety procedures and keep in mind different options.

In the bank. One must be careful with bank safe deposits. Like everything else in life, building good business relationships is essential to long lasting and profitable business. When choosing a bank safe, take the time to talk to bank representatives and let them know that you are going to be storing precious metals in the safe and ask what is their policy to storing that in case the bank is robed. A very famous case, in Mexico City, where a bank was robed, one of their savvy customers had an inventory and a log of every item deposited in her safe-deposit box and she got reimbursed up to 90% of the value of her belongings.

At home. Homeowners’ insurance policies generally cover very little gold stored at home. If you decide to keep you gold at home be very careful and extremely cleaver about where you store your gold.

Avoid rookie mistakes when you buy gold.

Be careful who you buy from. Buy from someone who has been in business for many years, don’t be afraid to ask for other clients, make sure they acquire their gold from institutions such as the US mint or Bank Swiz.

Avoid paying too much. Never pay premiums of more than 9% over the spot price of gold per Ounce.

We at Gold Buying Training offer a system where you can actually buy gold coins, bars and even jewelry at a discount. For more information about our program please click here

We basically show you how to buy scrap gold and converted or trade it into legitimate gold coins and bars. How to identify fine jewelry in bad shape, fix it and either keep it or re-sale it at a profit. For more information about our program please click here

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The Importance of Buying Precious Metal

The difference between knowing what the karat of a gold piece is and not is essential. Regardless of whether one peruses a gold buying career or not, it is a very valuable asset to know, for sure what the karat of a gold piece is.

gold-bar-coin-party-learn-how-buy-gold-silver-pletinum-diamThere is no doubt that is one buys, sells, deals, manufactures and/or trades precious metal, knowing the karat or the percentage of gold contained in a piece is essential. However, many people are not going to pursue a career buying gold or other precious metal but they are going to buy jewelry and/or coins and bars.

More often than not, consumers think they posses pieces that are, for example, 18k, when in reality their pieces may be 16k, 14k, even 8k, which is very unfortunate. I have a very sad example of a lady client who came and sold me her gold. She started telling me stories about each piece and how every piece in the lot was made by her trusted family jewelry. All these pieces where stamped with a 14k stamp, however when I started testing them they were all 10k or less…

These stories are much to common and in our experience most people cannot identify between karats or percentages of precious metal contained within pieces. Just imagine if you could be able to tell exactly what karat a piece really is. If you own any gold, silver, platinum and/or diamonds, it is very important to know the carat of the piece and how much it is worth.

Posted in: Bars and Coins, Jewelry, Precious Metals

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How Gold Parties Help People while other Gold Parties Rip People Off

gold-bar-coin-party-learn-how-buy-gold-silver-pletinum-diamYes, all these bloggers, reporters, articles, pawn companies, the list goes on and on; trashing the gold buying party, while the gold buying party trashes the pawn company, the jeweler, etcetera. The truth of the matter is that in every business there is good and bad, and in every profession there are people with higher ethical standards than others.

The Gold Party, a new and unique practice whereby friends, family, co-workers and acquaintances get together to have some food, drinks and just enjoy each others’ company by laughing and relaxing. They all bring their unwanted gold, silver, platinum and diamonds to sell.

It is sort of like Tupperware party, except every one walks away with money, which is a great thing.

Fortunately in many cases, the professional precious metal professional is transparent, totally up-front with the host and guests and in many cases they bring with them a scale legal for trade, which is sealed by the Department of Agriculture. Unfortunately there is a problem where some gold buyers and their lower ethical standards and in some cases guests are getting skinned in the process without even realizing it.

While professional Precious Metal Purchasing companies make a decent living while helping people, others just make huge profits by offering horrible prices to their unsuspecting party vendors.

It is important to choose your gold buyer because there are a series of little tricks used to hide the facts underneath the fun of a party; here are some red lights and ideas of what to ask.

A Commission for the Host

host-commission-gold-party-how-buy-sell-learn-ankauf-ladiesThis is a win-win situation when done the right and transparent way. In many cases the gold buying company makes an agreement with the host of the gold buying party. Just like any other business, there always are overhead expenses, in fact, jewelry stores or pawnshops have huge overhead expenses, so when they buy gold they have to, first and foremost, cover overhead expenses and make a profit.

Honest Gold Buyers explain the entire process to the host and guests while others hide the commission paid to the host. Most people know and understand that the gold buyer and the host make a profit; it is a business after all.

Without the hostess putting together the party, the gold buying professional would not have had the opportunity to buy all that precious metal, so the commission to the host is an absolutely fair practice and it is a legitimate overhead, business expense.

The Pricing Formula Secret – Fairness

The-Pricing-Formula-Secret-Fairness-host-gold-party-how-buy-sell-silver-platinum-scaleNobody in the gold buying industry pays 100% of the value of precious metal. It is, after all, a business. The highest price paid in the market, anywhere in the world, is 98.5% of the spot market price. In order to get that 98.5% one must, first of all, be certified and regulated by the government and they have to meet huge weekly quotas.

Every gold buyer, including jewelers, pawn shops, gold buying parties and independent gold buyers, pay a percentage below the spot price of the day. Most professionals pay a fair 70% for unwanted gold, while others pay around 40% to 50% of the actual price. This is not a unique characteristic of gold buying companies. In fact, in many gold buying parties, the professional, in some cases jewelry appraisers, show the guests the price of metals online and explain exactly what percentage they are paying.

Price Publishing – Transparency

Price-Publishing–Transparency-gold-silver-platinum-diamonds-how-buy-sell-partyIn the United States, the standard unit for gold weigh is the penny weigh abbreviated dwt which is a very easy to understand 1/20 of 1 Oz. It is also 1.555 grams. An easy but dishonest practice of some gold buyers is to pay customers the price of the gram but for each pennyweight, thus getting .555 grams for every pennyweight of gold that they buy, an unfair practice that the savvy consumer must be aware of.

It is also important to understand that there are 28 grams in 1 ounce, that is a normal ounce, but there are 31.1 grams in a Troy Ounce. This complexity allows for deception and obscure pricing.

Gold Karats – Value of Gold

Gold-Karats–Value-of-Gold-party-silver-platinum-ankauf-vender-comprar-how-buy-sellMany gold buyers, including pawnshops and dishonest jewelers, have a slick move and that is to tell their clients that their gold pieces are a different karat than it actually is. They may even give a convincing explanation blaming different measuring instruments and different world markings.

The fact of the matter is that scams happen all over. Many dishonest jewelers stamp pieces with a karat but in the moment of alloy creation they add less gold, hence pieces resulting of a lesser karat. Other scammers in the market create special alloys containing no gold at all, they alloy it in ways in which it passes all traditional testing methods and stamp it with very high karat stamps.

The honest and professional gold buyer, regarding whether they are from a gold party, independent gold buyer, jeweler, pawn shop, check cashing store, will return such pieces to the client and advise them to go get them appraised elsewhere.

Some sophisticated tricks are to group together gold pieces of different karats, but then pay based on the lowest karat gold in the group. One must be aware of those practices. If you would like to learn more about how to test for gold, visit our Education Section where you will learn more about precious metal testing.

Low Balling – The good and the Bad

Low-Balling-high–The-good-and-the-Bad-gold-party-silver-platinum-diamonds-how-buy-sell-goldPrecious metal professionals with high ethical standards, including experts at gold parties, have respect for the people they deal with.  Other gold buyers, including jewelers, low ball their clients, which consists of a numbers game, the game of a haggle. They make a low offer and while some people refuse to take that offer and negotiate others just take it with the lure of immediate cash, which might outweigh the fact that they are getting skinned. Especially if everybody at the party has had a few drink.

A good advice for the consumer is to negotiate and shop around before committing to selling their jewelry.

Gold for Charity

philanthropy-Gold-for-Charity-party-how-buy-sell-gold-silver-platinum-diamonds-learn-trainA gold buying party for a cause can be great philanthropy. Some gold parties offer a section of the profits to a charitable organization, which is a beautiful thing. One must be very careful; again there are some gold buyers with low ethical standards. In any case there is always money going to the cause but in some cases less money than it should.

There should always be transparency between the gold buyer, the gold buying party and the host as well as the institution that is going to get charity funds, explain how to find gold prices and what fair percentage is going to go to the philanthropy and how much for the person selling their gold, silver or platinum.  In order to avoid people taking advantage of your good intentions, as a way to make you knowingly accept below-market values for your gold.

Some Jewelry is worth more as Jewelry

Some-Jewelry-is-worth-more-as-Jewelry-gold-party-how-buy-gold-silver-platinum-diamonds-educationAt a gold buying party, at a jewelers’ or any other gold purchasing business one must sell out-dated pieces, broken and unwanted jewelry with no commercial value other than the weight of gold. Some jewelry is worth more than the sum of its parts due to a combination of aesthetic value and the workmanship that takes to create the piece.

It is a fact that one is probably better off selling their jewelry rather than selling it based on the weight of the metal, selling it as jewelry. However, trying to sell a small lot of jewelry or even a piece of jewelry may result a lot more complicated than one might think. There are several elements which need to be inspected such as the condition of the piece, its market value, competition, taking good pictures and a lot of work that you might not want to engage in.

It is a fact that many gold buyers, including jewelers, pawn shops, gold buying parties and individual gold buyers set aside nice jewelry, which they buy below the market and sell it for huge profits. That is because they are professionals. If you think you would benefit from this trade, please visit our Education section to find out more on how to buy Precious Metals.

The value of Precious Stones

The-value-of-Precious-Stones-gold-party-how-buy-sell-silver-platinum-diamondsOne must really understand precious stones. Professional and honest gold buyers will educate their customer about their stones, especially diamonds. One must understand the value of diamonds and other precious stones. Most diamonds in the world are of less than half (1/2) a carat, which diminishes their commercial value significantly.

It is also very important to understand how stones are mounted. Often times, removing stones is more expensive than what they are worth. Small stones are a bonus and when they actually are worth something, the professional and hones gold buyer will offer a fair price for stones with value.

Technology – The wow factor

Technology–The-wow-factor-godl-party-how-buy-sell-gold-silver-platinum-diamondsMany gold buying experts, including pawn shops, jewelers, independents or at a gold buying party test and weigh gold in front of you while explaining how sophisticated their equipment is. They even explain and teach you how to test and weigh gold yourself.

That adds great value to the experience but never forget to learn about the price and mathematical formula. To learn more about the difference between wondering and knowing click here

Industry Bashing

Industry-Bashing-gold-party-how-buy-sell-gold-silver-platinum-diamondsAll of these methods are used by themselves or in combination by some gold buyers with low ethical standards, including gold parties, pawnshops, jewelers, check cashing stores, gold buying places, etcetera.

As marketing campaigns, and because competition for gold is so fierce, some professionals try to bash their competition by writing, advertizing and posting negative facts about their competition. The truth is that every industry engages in such practices, just look at politicians near election times. The truth is that there is good and bad everywhere, some gold buying parties are a reap-off but most pay very nice, fair prices and beat the competition in a unique and fun environment, it is quite an experience.


testimonials–The-wow-factor-godl-party-how-buy-sell-gold-silver-platinum-diamondsI was invited to a gold buying party last week; I didn’t have much gold jewelry but brought whatever I had. I was not expecting to get much for the small amount that I had, I only attended as an act of support for my friend. WOW! I could not believe how much I got and other guests as well!

I can’t wait to host mu own gold buying party and get paid just like my friend did! She made a couple of hundred bucks and so did the person who referred her.

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Coins and Bars Essentials

Silver is bouncing back. Gold at all time high prices makes some investor’s a bit uncomfortable. The uncertainty of the shaky word economy makes you wonder if gold and other precious metals are going to go up in price. While is it always wise to diversify your portfolio and own gold and other precious metals, it is always advisable to try to pay 65% of the actual price of it. That way you can be certain not to lose money if it drops all of a sudden or, in the best case scenario, make huge profits.

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