OK - So What's Going On??

But gold is just about infinitely recyclable, and valuable enough that people do capture it for recycling. The more valuable or scarce something gets, the more will be reclaimed. Heck, recapturing helium is big business now.

 

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My sell price is set for $50 and believe it will get there sometime.

 

I'm not denying long term it's only going in one direction, but that also doesn't come with the occasional drops from time to time

 

The rise in silver is caused by a number of things. Low production leading to lower supplies. A rise in usage thanks to solar panels and other items. Fear and unsettlement in the world. Civil unrest in way to many countries. Silver is a PM just like gold and people flock to it in periods of unrest and turmoil. I’m sure silver will break the $50 mark, if not $60. PM’s have been and will continue to be on the rise.

 

You are young. Buy every dip you can.

 

I easily remember when it was $35 an oz. Wish I would have bought a bunch back then, lol. Of course I would have had to borrow the money for more than a few ounces, lol.

 

Reminds me of some old treasure hunt movies where the protagonist fails to get the treasure but then reveals he had a backpack with several kilos of gold bars hidden away.


Oh, and you ARE old. lol I don't remember $35 gold.

 

You are so right, and I feel it way more than I want to, lol. I was 24 the year that Nixon stopped the U.S. controlling gold prices.

 

Isn't that the same year he opened the vaults for Morgan GSA sales? I know he signed (autopenned) the certificates I have.

 

Always!

 

FWIW:

https://x.com/pmbug/status/1962519448620761401

 

Dang…. The rocket ride continues…

 

Ended today at $40.91/toz.

Glad I have those common 13 ASEs I purchased over the last ~2 months.

Additionally, my teenage son is really enjoying the Silver ETF shares he bought about 3 months ago.