What in the world happened to silver over night?

Uneducated predict. We haven't seen nothing yet. The US Dollar is really lagging, Silver will make an jaw dropping move. If it isn't manipulated by BIG banks and investment firms maybe. just another guess. Gold reaches 2,500 an ounce for the first time in History but what is the adjusted value with inflation? being a hedge against inflation seems like its doing the job perfectly. What a time to be alive!!!! NEATO!!

 

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INFLATION my math is not in my bag, Its about $1975 accounting for the 21% we've seen since January 2021. check your numbers mine are probably incorrect.. How about......We are living history

 

I learned the other day that my friend who owns a jewelry store no longer sells mined diamonds. The synthetics have gotten so inexpensive that that is all he sells as engagement rings. High quality color and clarity stones in the 2+ carat size for a few hundred dollars. Think of all the dealers and investors who have seen their inventories lose orders of magnitude in value. I'm sure the trade journals have covered this but economic impact has to be huge in the mining and cutting centers. Diamonds were always a lousy investment but this level of loss of value is crazy.

 

I'm hearing the same thing. Our estate is trying to sell my late mom's wedding ring, It's appraised (for wholesale, not insurance purposes) for about 15k. The estate broker has sold everything but this one whopper of a diamond ring. She says that lab grown are the big fad these days. A naked eye can't tell the difference. I can't say I blame people.

 

Couldn't have happened to a nicer industry.

 

oh my

 

The price of diamonds has always been fictitious. In recent decades De Beers has lost their stranglehold on the market so that's part of it too.

 

My wedding ring has 2 small diamonds set in pure silver that I have been wearing for 51 1/2 years. One diamond represents me, the other represents my wife. Both my wifes’ ring and mine cost around $300 back in 1973 two months before I left Active Duty Marines in Yuma, Arizona, and, believe me it was all I could afford.


Those 2 diamonds are the only ones I own…Spark