Watching Bloomberg Business TV. Gold showing over $3950. Silver nearing $50 . How soon for the next milestones?
If it keeps to that, I'll be happy, because I'll get to sell off a bunch of stuff at the November coin show while we're still hitting record highs. FOMO on selling opportunities is getting unbearable.
I just sent a note to my coin shop buddy. Just teasing with him and saying I was going to unload my safe and bring him all this silver and gold I been piling up all these years.... He was excited about it! Just wow....
The real question is what will the unrealized gain be for precious metals over the next 1 year, 3 years, 5 years compared to other investments. Yes gold is up aprx. 45%+- this year but what about next year and so forth. Precious metals will not continue to see these types of gains; would you pay $7000-$8000 an ounce for gold a year from now? I wouldn't. The gains are only realized when you sell.