gold and silver have captivated investors for centuries, offering a potential hedge against inflation and economic uncertainty. Whether you’re a seasoned investor or just starting out, these precious metals can add a layer of diversification to your portfolio.
Gold has performed very well in 2024, climbing over 13% as investors anticipate potential Federal Reserve rate cuts. Given the recent uncertainty on the timing of those cuts, the price has pulled back from its May high of $2,450 and currently sits around the $2,334 mark.
Silver has also climbed since the start of the year, rising above $32 in May. However, it has also pulled back more recently and currently trades close to the $29 level.
Gold Price Forecast 2024
According to Jonathan Rose, a 20-year financial consultant with a Series 3 commodity license and the co-founder/CEO of Genesis Gold Group, the “political and economic climate in the United States, today is one of the driving factors for the increasing prices of precious metals like gold & silver.”
Rose, who has developed the Prepper Bar, adds that “as mining production has failed to increase over the past few years, industrial demand has skyrocketed. As a result, the majority of economists predict that we are in for a strong precious metals market over the next few years.”
Meanwhile, Bank of America strategists said in a recent note that three factors could strengthen the case for the commodity market into 2025, citing takeaways from the 2024 Virtual Commodity Conference held last week.
Panelists who attended BofA’s event said the resurgence of inflation, alongside trends like Decarbonization, Deglobalization, and advancements in Data centers and AI have all strengthened the outlook for commodities in recent years, with the experts particularly favoring copper, gold, and soft commodities.
Precious Metal Investment: Consider Prepper Bars
Rose believes Prepper bars could be a solution for those wanting to invest in gold and silver.
“Picture this: The U.S. Dollar has crashed. Cyberattacks have rendered cashless payments useless. You just need to purchase gas. Or you are oversees with no money or credit cards available. Made in the USA and IRA-eligible, the wallet-sized silver bar operates the same way you would tear off a rectangle from a bar of chocolate,” he explains.
Rose states they are “a minting innovation,” providing consumers with the flexibility of both a large and small gram bar.
“The bar offers portable wealth with easily tearable rectangles, perfect for collecting or for conducting emergency transactions,” adds Rose, who says that as mining production has failed to increase over the past few years, industrial demand has skyrocketed.
Rose says, “The Prepper Bar is an answer to questions asked by precious metals enthusiasts for years.”
He continues: “The unique design of the bar itself allows for it to be easily broken down into 3 different denominations for maximum utility in barter or trading. As the value of the dollar continues to fall, many folks have found themselves looking for alternatives to the existing currency, and we believe the Prepper Bar satisfies those needs.”
The precious metals enthusiast believes his Prepper Bar product offers portable wealth and is easily accessible as it is designed to fit into wallets. “The unique ability to carry precious metals in a form that is breakable and slim enough to be carried at all times adds even more value to the product,” he concludes.
“Prepper Bar” is a utility bar that is perforated to allow owners the ability to break off pieces ranging from 1.5 grams up to 7.7 grams.
They fit nicely in one’s wallet so they can be carried around constantly.
“People have been asking me how we came up with the idea and I have to tell them that I can’t take credit,” said Jonathan Rose, CEO at Prepper Bar. “Over the years, our customers have been asking for something tradeable, portable, and spendable so we made Prepper Bar as the perfect accommodation.”
These 62 gram bars are flat and come in either silver or gold. The Silver Prepper Bar is available for immediate shipment while the Gold Prepper Bar will be available by the end of June.
We asked Rose what makes these bars so different from regular bars or coins.
“Gold and silver are great for holding wealth but you’d need a pretty sturdy hacksaw to shave off incremental chunks for sale or barter,” he said. “Prepper Bars are strong but they can be easily broken along the perforations so if we find ourselves in a pinch, we can break off the right amount, no problem.”
Check out the new Prepper Bars today.