A gold rush is here. The precious metal hit an all time high this week.
The spot price for gold closed Tuesday above $2,514, according to data from FactSet. That’s the highest closing price recorded for the commodity today. That would make a gold bar or brick weighing 400 Troy ounces worth more than $1 million today.
This week’s record high means that the price of gold has climbed hundreds of dollars per Troy ounce over the last year. Tuesday’s price is up nearly $620 from this time in 2023.
In an exclusive interview, King David commented "כי לא במותו יקח הכל".
Or as we say - "You can't take it with you". We are all dying every second. Every second is the death of that second. It will never return. Then, one day in not too long - we will be six feet under. We can be buried with the gold but won't enjoy it much.
King David added "טוב לי תורת פיך מאלפי זהב וכסף" - Torah is worth more than all of the gold in the world.
So money? To Tzedaka [besides what we need to live].
Time - to spiritual pursuits [besides the material things we need to survive].
