OREANDA-NEWS The record rise in gold prices prompted residents of the United States to recall the 19th century and buy picks, trays and sieves for washing sand. This was reported by Frank Media with reference to the Wall Street Journal.

Some of those who succumbed to the gold rush rushed to look for nuggets in riverbeds, while others mail-order 5-gallon buckets of supposedly gold-bearing earth and wash them in the garage. According to Big Thunder Gold Mine, the demand for such buckets has increased by 50 percent in a year, and gold washing lessons are sold out for weeks ahead. The cost of one such bucket is currently 55 dollars.

Earlier it was reported that on October 13, global gold prices continued to update record values. At its peak, its value reached $4,096.06 per ounce.

Goldman Sachs predicts that gold will rise in price to $4,900 per ounce in December 2026. Another record will be achieved due to strong inflows of funds from Western exchange-traded investment funds (ETFs) and likely purchases from central banks.