I’ve been watching gold and silver a lot lately. I noticed it is on a slow, steady incline. I have no doubt that when the inflation hits full speed ahead later this year they will both be a part of it. It’s about to become a solid inflation hedge, which is really all it’s ever been, when you think about it.
But I can see both as doubling or tripling in value in the very near future. It’s not that I think they are going to become so valuable. Rather, I think the money is going to become so worthless.
Now is not the time to sell.
BTW
https://goldprice.org/
https://silverprice.org/
On a side note, it’s kinda comical that silver is at around $27.50 an oz, but one oz Silver eagles are going for over $40 an oz. One of those numbers is fake.
Thanks for the links.
Better than most.
The physical market has seen a consistently rising premium and its a better gauge of the real price of the physical metal.
The paper silver market is constantly shorted by the big banks. What they like to to is short the market when there a rise, then the price drops and then they buy back and the price goes to the previous level.
They make much more money on the sideways fluctuations than if the price shoots up all at once. The idea for these banks is to exploit sideways volatility and suppress the upwards prices so they can keep using their silver over again for shorting.
If you go over to reddit and read some of the posts on their silver boards, you'd get an indication as how gullible some silver buyers are.
One Troy ounce silver rounds with oddball designs from various mints and countries are being bought at $40 on up by some of those posters as investments when they should be buying the lowest premium rounds/coins as a store of value.
The "Great Reset" may, after all, be the return of a gold-backed dollar to restore confidence in the monetary system. It sure as Hell is missing now when foreigners take a look at Biden's $Trillion proposals. The whole world is running on fiat currency and the printing presses are speeding up.
As history has repeatedly told us, it won't end well.
We’ve been watching G&S too. In our safe. Sooner or later it was bound to pay off. 😉