I am beginning to think the Prepper News Update section should change its name to Gold Price Update. Once again, I am here to report that gold broke another record, closing at $3,425.40, above $3,400 for the first time. Expect it to flirt with $3,500 on Tuesday. It was up almost $100 on the day, about 3 percent. Gold is up $800 or just shy of 24 percent year-to-date, and it’s only April. There seems to be no end in sight.
To put today’s price in perspective, gold was $1,191.55 ten years ago, meaning it has more than tripled in value in a decade. Back in April 2000, 25 years ago, gold sold for $280 an ounce. That means gold is worth more than 12 times what it was at the turn of the century.
You can look at this and think one of several things:
- Wow, gold has really performed well as an asset
- Holy cow, the dollar must be in terrible shape if gold is climbing that fast
- Oh my gosh, inflation must have been terrible for gold to be worth so much
I think all of the above are true, and that’s not great news, unless you own lots of gold.
What Does it All Mean?
Gold’s jump may be because the stock markets are heading down and smart money is looking for an asset that will hold its value. It may also be a sign of people looking for safety in unsettled economic times with tariffs and Trump attacking the Federal Reserve. It could also be a harbinger of war or global unrest.
For example, gold peaked in 2011 over concerns about the Eurozone’s stability and the global economy and then fell back to earth. It’s quite possible it is peaking now because of concerns over the United States economic stability and the impact of tariffs on the global economy. The only question is, will the concerns be addressed and gold fall, or will their worst fears be realized and it continues to soar?
For preppers, the rapidly rising price of gold is a warning and means don’t stop prepping.
Published 4/22/2025. Read the full article.
