General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSOMETHING is going on in the market. Re: precious metals.
Silver has breached $80.00 an ounce, and it's expected to keep rising.
I know that China is halting exports of silver on 1/1/26 I believe, but I'm not convinced that this is the entire cause for this huge rise...
Gold is at about $4,550.
I don't know if some of this has to do with metals as perceived flight to safety, or what...
hlthe2b
(112,675 posts)LuckyCharms
(21,503 posts)and this sudden price rise is freaking me out a little.
Then, look at the way bitcoin is being whipsawed.
Smells like crime and manipulation...
I think AI speculation is the only thing propping up stocks... I think we might be in for a hard crash.
anciano
(2,170 posts)Highly likely, the current "tulip mania" cannot realistically continue much longer.
Melon
(998 posts)It may continue depending on demand versus industrial supply and will certainly set a new price floor. The issue with gold and silver is that the market is full of scammers and price pumpers at all times.
LuckyCharms
(21,503 posts)A lot of mine was passed down, and it holds sentimental value.
marble falls
(70,614 posts)... the type of jewelry people in SE Asia buy as a savings account, and boy has it increased in value. Less than $40/oz back then!
But the good stuff, we're holding onto. Some "savings account stuff" we've sold for melt to get a modern piece. We do have a serious safe. It would two guys and a jackhammer to get it out.
1
LuckyCharms
(21,503 posts)Going out to rent a jack hammer and find another guy.
Dan
(4,932 posts)Melon
(998 posts)Melon
(998 posts)Demand of industrial silver is outstripping supply. People have fled to gold and silver as a safe-haven. The availability of industrial silver is below what is required for next generation memory and gpu demand. The price is skyrocketing but the smelters are now not buying due to the price plus supply as everyone is selling. Well see what happens Monday in the market.
LuckyCharms
(21,503 posts)industrial applications. I'm just now starting to read about this...
Melon
(998 posts)Silver I own plus its impact on tech stocks. Ill look into graphene. During periods of uncertainty, investments tend to flow into stable markets like heavy metals, plus the uptick in AI. Silver can just as easily fall quickly. Extreme price run ups in anything dont tend to end well.
LogDog75
(1,067 posts)Gold and silver prices are increasing due to the following:
Investors are moving money into gold as a safe haven rather than in currencies that are flat.
Softer monetary policies such as rate cutes .
Central banks are buying more gold
https://www.cbsnews.com/news/gold-price-silver-whats-behind-the-surge/
I don't own gold or invest in it. The only silver I have is in the form of coins I collected when I was a teenager through my 30s. I don't consider them an investment because I just like the look and feel of them. For me, investing in precious metals is too risky because any change in the geopolitical landscape can spike or crash the precious metals very quickly.
LuckyCharms
(21,503 posts)mainly as an inflation hedge.
applegrove
(130,038 posts)of dollars or more it makes more sense to buy gold at $4500.00
LuckyCharms
(21,503 posts)Personally, i don't touch crypto.
There's something to be said for investing in something you can hold in your hand. Something physical that you can touch, physical metals.
I don't like "paper" gold or silver. ie: stocks that give you shares in metals that you hold only electronically.
Can't even get a stock certificate these days for the stocks you own without paying for the cert and jumping through hoops. It's all electronic, and it's all manipulated.
Iwasthere
(3,484 posts)There will only be 21,000,000 bitcoin EVER! We are at over 19,000,000 mined right now. I started buying btc when it was $9000. I'm at 10x my money. I avoid all the wierd coins and cryptos. Bitcoins the one. Better than gold.
Melon
(998 posts)Jack Valentino
(4,288 posts)so it isn't merely an economic speculative vehicle--- but does have a rarity.
From my non-professional observation, it may be an an even better bet than gold...
I hope to be able to invest a little in silver ETFs in the coming year,
with perhaps a little in gold ETFs as well...
LuckyCharms
(21,503 posts)Silver eagles...
90% junk coins, 1964 and earlier
Bars and rounds...
That's what I do. I like the whole collectability aspect of it mostly.
ret5hd
(22,150 posts)this rise in the price of gold is despite the fact that Russia has sold China almost $2 billion (with a b) worth of gold in the last couple months...and that is just what has been reported. more than that is suspected.
so, despite the fact that Russia essentially dumping gold on the market (yes, I realize these sales aren't exactly "on the market", but they are filling a market that presumably would have been filled from other sources)...gold has gone from about $2600/oz to $4500/oz in about a year. Who knows what it may have been without these sales.
An aside: it seems to me China is hoarding gold for a big economic collapse. But that is an uneducated opinion.
Silver from about $30 to $80 in the same timeframe, but silver looks MUCH more parabolic in this one year timeframe, so I kinda think silver may "crash" back down to $50 or so.
anyway, just some idle thoughts.
LuckyCharms
(21,503 posts)This reduces worldwide supply, while demand remains status quo, or increases. Hence, it's at least a contributor to the price rise.
I haven't been following gold too much, but I'm going to research what China is doing with that...
UpInArms
(53,993 posts)Looking ahead to 2026, Schiff characterized $100 silver as a very realistic target, adding that prices could move higher if monetary instability accelerates. He also expects gold to reach at least $5,000, noting that silvers growth often signals deeper stress in the financial system.
LuckyCharms
(21,503 posts)Meaning...that once silver broke a certain suppressed price resistance, it's off to the races.
superpatriotman
(6,799 posts)It's too late
LuckyCharms
(21,503 posts)But I've been watching it every morning for decades, so I've been aware, but I'm too poor to buy more!
ret5hd
(22,150 posts)I read something a long time ago that has always stuck with me. I will paraphrase:
Gold is NOT a way to get rich.
Gold is a way to move a portion of your wealth from one side of an economic crises to the other side. That is all.
That is why I believe in holding ones gold/silver unless you have a real need for it like RIGHT NOW. If you die holding gold/silver/etc, pass it on to whoever with the above advice.
LuckyCharms
(21,503 posts)Vinca
(53,262 posts)now might be a good time. Sadly, I cashed in the gold stash during a previous high. If anyone wonders, it's stuff I picked up at yard sales and found in a recycling shed at the town dump so it's not like I have a pile of Tiffany jewelry laying around the house.