zengrifter
zengrifter
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April 11th, 2025 at 3:53:43 PM permalink
Apparently no one here is the fundamental gold/silver bug that I am? Gold hasn't gone stratospheric yet, but it will. And then silver will go to the Moon, and at that point or sooner select gold and silver mining stocks will go nuclear.
... Yes for a long time now there has been a lot of price manipulation with the metals, but it cannot go on much longer because something has to give, and when it does it will be the demise of some of the biggest banks like JP.
... I see gold in the near future hitting 5,000, and there's no reason why silver can't catch up to its historical ratio with gold and hit 500. Hell if we applied standard fundamentals to Silver - industrial / commercial demand, scarcity above ground, etc ... A case could emerge that silver should be as valuable as gold.
billryan
billryan
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April 11th, 2025 at 4:18:53 PM permalink
In the ancient world, silver was more valuable than gold. Carthage controlled the world's biggest silver mines in Africa and Spain, leaving Rome to conduct it's business in gold.
I used to deal in a lot of junk silver but I've sold off almost all of it. I sometimes but at an estate sale if it is cheap. I picked up two silver proof sets- 1994 and 2002 for $6 each, well below melt, esp. the 2002 that has six silver quarters.
The older I get, the better I recall things that never happened
AutomaticMonkey
AutomaticMonkey
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April 11th, 2025 at 4:46:23 PM permalink
Silver being harder has more industrial use and being chemically reactive it has more use in chemistry and medicine.

Recently I've been curious about mercury as an investment. It also has a lot of industrial uses that are underexploited now due to environmentalism, but in a postapocalyptic world we won't be playing around with that anymore and we will use whatever is available and most effective.

And I think it will have a lot more liquidity.
zengrifter
zengrifter
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April 11th, 2025 at 7:21:49 PM permalink
No pun intended?
avianrandy
avianrandy
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April 12th, 2025 at 5:42:15 AM permalink
I can remember on price is right some time ago they would have a one ounce bar of gold as one of their one bids. Price was determined day of taping usuaysome around 400-500. If they did that today I think one ounce bar of gold is around $3,540. Maybe one day we will see it as a one bid item.
billryan
billryan
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April 12th, 2025 at 8:34:42 AM permalink
One summer, I bought five Krugerrands. I remember going to five different stores to get the best price- $163 each. The next year, I sold them for more than double, and a lifelong dabbling in coin arbitration was born. It's not something I ever took all that serious. I'd buy silver and American gold coins when the market price was down and sell when the price went up. I'd use my spare money to buy small amounts and every few years, the market would blow up and I'd sell.
The older I get, the better I recall things that never happened
DrawingDead
DrawingDead
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April 12th, 2025 at 10:24:31 AM permalink
The timing (time of day/night) of recent price action in gold strongly suggests that much of the recent buying has been coming from people in China. I really don't know whether that's also true for silver, though I suspect not. FWIW. I have no stake in either commodity, and haven't owned shares of any miners in several years, while taking notice of commodity price changes as possible indicators of other things.
Nothing to read here. Move along.
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