The price of gold in 2020 has soared to record numbers and is on track to continue climbing well into the year 2021. In late July, gold futures broke the $1,900 an ounce mark for the first time in history, for both intraday and settlement numbers. Investors are turning to gold because of uncertainty in the global economy brought on by the global pandemic of COVID-19. The weakening of the U.S. dollar and worries over whether recent stock gains can be sustained is also driving the price of gold ever higher in 2020.
High gold prices in 2020 are the result of a bull market run by investors seeking to hedge their investment funds against economic losses of many countries shutting down their economies in the pandemic. Many states in the U.S. have kept businesses closed by executive orders from their governors for many months now due to concerns over the coronavirus outbreak. These states are seeing massive job losses from small and medium –sized business closings. Several large business chains have declared bankruptcy like Lord & Taylor, Men’s Wearhouse, J. Crew, Neiman Marcus, Soup Plantation and America’s largest franchiser of Wendy’s and Pizza Hut locations.
Gold futures for 2021 are expected by many gold industry experts to trade in the $2,300 an ounce range. Others have suggested it might rise as high as $2,500 an ounce or more. This trend mirrors the sharp rise in gold prices during the 2011-2012 financial crisis where gold more than doubled in price from $800 an ounce to $1700 an ounce. Just imagine the possibilities for you to profit if gold doubles from this year’s price of $1,900 an ounce.
Rising gold prices in 2020 have created an opportunity for everyday people to earn more money than ever before. Whether you are a small-scale miner or a scrapper reclaiming precious metal, 2020 is your time to really turn your DIY business into a self-supporting business. Depending on traditional sources of income from businesses is dicey at best right now and for the near future. To maximize the benefit of your hard work, investing in a Cast Master Elite smelting furnace is the best way to put more money in your pocket. You can avoid the fees, time and trouble of taking your money to a place to be smelted and turned into valuable ingots.
Cast Master Elite has all of the home smelting equipment that you need to operate your own DIY gold recovery business. Our line of ProCast crucibles are perfect for small gold operations. We also have heat-resistant safety gloves and ingot casting molds to complete the package.
A home smelting furnace package by Cast Master Elite is a compact but powerful all-in-one solution for gold and precious metal recovery businesses. The Cast Master 5KG SS Deluxe Propane Furnace Kit does the work of smelting furnaces that cost thousands of dollars more, making a wise choice amateur forgers, metal-working artisans and small jewelry makers.
The Cast Master Elite line of smelting equipment includes items for a wide range of artists, craftsmen, hobbyists and small companies. We have home smelting equipment packages that will get you in the precious metals business for just over $100. We also have larger packages that will handle amounts up to 10 kilograms of metal for under $1500 that are perfect for a growing home business.
2020 gold prices are creating opportunity for regular people like never before. Taking advantage of the record prices is easy and inexpensive to do. The time to act is right now, today!! Secure a fantastic income for yourself and your family and become your own boss. Don’t sit back and hope you’re not on the list of workers deemed “non-essential” by some power-mad governor or mayor. Make yourself essential by filling the unprecedented buying need for gold and precious metals, and earn record prices and high profits for your work with Cast Master Elite home smelting equipment.