Will Gold Take Off?

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.

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.

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.

No pun intended?

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.

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 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.

GLD gold ETF year to date gain (+62.26%) 10/16/2025

VanEck Junior Gold Miners ETF (GDXJ) year to date gain (+158.90%)

VanEck Gold Miners ETF (GDX) year to date gain (+147.48%)

I never owned GLD or physical gold. I always preferred to own the producers. The indexes pay a dividend when the price of gold is steady. GLD drops due to fees. GDX and GDXJ are levered to the POG, so if you think gold is going up, you should be in the miners, not gold. I made a large bet on gold/silver mining stocks starting in 2017. I have taken a lot of profits in previous year, but still had an very overweight position in miners at the start of 2025.

I am selling my gold mining stock just to take profits, have some to go

And setting up buy orders to buy it back if the price drops enough, which I could see happening. I could even see it dropping to below $3000 a bit, but if it does, time to buy for sure

in the meantime, seems the sky is the limit. I'll keep a small position no matter how high it goes

I sold almost all my gold at 3600. As I'd intended to sell at $2,000, I'm quite happy. I may or may not buy again when the price inevitably crashes. If it were to hit $5,000 I think people would be selling their wedding rings and fillings.

Quote: billryan

I sold almost all my gold at 3600. As I'd intended to sell at $2,000, I'm quite happy. I may or may not buy again when the price inevitably crashes. If it were to hit $5,000 I think people would be selling their wedding rings and fillings.
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Its allmost there.

4,376.40

Quote: Mental

GLD gold ETF year to date gain (+62.26%) 10/16/2025

VanEck Junior Gold Miners ETF (GDXJ) year to date gain (+158.90%)

VanEck Gold Miners ETF (GDX) year to date gain (+147.48%)

I never owned GLD or physical gold. I always preferred to own the producers. The indexes pay a dividend when the price of gold is steady. GLD drops due to fees. GDX and GDXJ are levered to the POG, so if you think gold is going up, you should be in the miners, not gold. I made a large bet on gold/silver mining stocks starting in 2017. I have taken a lot of profits in previous year, but still had an very overweight position in miners at the start of 2025.
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I would have made more money on my investment portfolio last year, but I had a loss of a million dollars on option positions that opened to hedge against a drop in the price of gold. I don't regret hedging because I am way overweight in precious metal miners.



I am not recommending buying the miners now, but I am letting my winners ride.

Quote: Mental

Quote: Mental

GLD gold ETF year to date gain (+62.26%) 10/16/2025

VanEck Junior Gold Miners ETF (GDXJ) year to date gain (+158.90%)

VanEck Gold Miners ETF (GDX) year to date gain (+147.48%)

I never owned GLD or physical gold. I always preferred to own the producers. The indexes pay a dividend when the price of gold is steady. GLD drops due to fees. GDX and GDXJ are levered to the POG, so if you think gold is going up, you should be in the miners, not gold. I made a large bet on gold/silver mining stocks starting in 2017. I have taken a lot of profits in previous year, but still had an very overweight position in miners at the start of 2025.
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I would have made more money on my investment portfolio last year, but I had a loss of a million dollars on option positions that opened to hedge against a drop in the price of gold. I don't regret hedging because I am way overweight in precious metal miners.



I am not recommending buying the miners now, but I am letting my winners ride.
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So up a dismal $4+ million?

Teasing…. congrats…..

0.1% of my portfolio is in GLD.

I’m generally anti precious metals. Mainly because it just seems stupid that an ounce of gold can buy me a keurig coffee maker, two pickleball rackets and balls, an 8 foot ladder, 50 pounds of dog food, a dozen Josh Allen logo golf balls, a 60 inch Smart TV, a 60 minute massage, a liter of single malt Scotch, 6 golf Ben Hogan logo golf shirts, a year of Amazon Prime, bromine tablets for the hot tub, two tickets to the Winter Classic game in Tampa, a pair of Jimmy Choo’s (THAT ends it).
They make a little more sense to me than bitcoin, but not much.

Quote: AxelWolf

Quote: billryan

I sold almost all my gold at 3600. As I'd intended to sell at $2,000, I'm quite happy. I may or may not buy again when the price inevitably crashes. If it were to hit $5,000 I think people would be selling their wedding rings and fillings.
link to original post

Its allmost there.

4,376.40
link to original post

I would not be surprised if gold climbs to $10k in the next to 5 to 10 years.