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Posted on 01/25/2026 3:21:07 PM PST by Presbyterian Reporter
Gold is now officially above $5000. High thus far is $5028.40.
Silver continues above $100. High thus far is $106.58
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I sold some yesterday for $105/oz, I would have sold more but they were running out of cash.
at least I will get more $ tomorrow than I would have yesterday.
Wait until “they” pass another budget with a trillion dollar deficit. Tariffs and growth ain’t making up for that.
Gold and Silver will go nuts.
True.
As I like to say, Gold shall destroy the Fed, but Silver will draw first blood.
You have no idea what’s coming.
Add me please.
“I am older ( and wiser), what is Bitcoin? I don’t deal with thin air, air is abundant and free.”
Bitcoin up over 1,000,000% since you started trashing it.
Too bad you missed the ride.
“Both are likely close to an ounce of gold. “
Probably less than 1/3 ounce
“...to make me convert all of my spare cash into gold and silver.”
Not much of an investment. Based on market conditions in January 2026, where the spot price of gold recently crossed $5,000 per ounce, selling $5,000 worth of gold (based on its raw, 24K melt value) will generally net you between $3,500 and $4,500 (70%–90%) from reputable dealers.
Silver is a little better. Based on recent 2026 market trends, you can generally expect to sell $5,000 worth of silver (spot value) for approximately $4,250 to $4,750, representing a 10%–15% spread below the spot price. Reputable dealers usually pay 85%–95% of the spot price, depending on the form (bars vs. coins) and market demand.
It changes it from an investment to an expense.
wy69
My 14 ct 1970 class ring is worth what some bullion buyer will pay me for it. I can’t imagine that any would pay gold spot price for its gold content. I’d sell it tomorrow for 1/2 of spot by weight.
Gold is up to $5,035. 😊
Death. Death is coming. Everything else is kind of a surprise. Except spaghetti on Tuesday. That’s likely.
The MAGA portfolio, Foreign stocks, bonds and gold.
I found a sterling silver flatware set in a thrift store for $30 in September.
It has a melt content of 75 ounces of pure silver.
In September it was worth $2,500.
Today it is worth $8,000.
Four months!
I've got some metals but, in general, when their prices goes up it's really the value of the dollar going down. It's good to protect one's spending power from inflation, but it's far better to be an investor in a healthy, capitalist economy that is generating new wealth.
I bought gold back when it was around $800 per ounce. At the time I looked at it as financial insurance.
That was a good investment, though I can’t time the top of the market.
I think I bought around 40. Now, of course, I wish I had bought about 2000. Tomorrow I'm jumping back into silver, but this time it's silver mining. I think the challenge with silver metal will be finding a place to buy it when I need it most.
I bought a 1 Troy Oz. silver coin - still in protective case, from 1999; ‘Baby’s First Christmas’ that was in with the everyday Christmas Ornaments at my Thrift Store. I paid the $2.99 they were asking for it and went on my way.
Worth $109.00 as of today. :) Pretty good investment.
Of course, I have plenty more invested in PMs than just that one coin...
Loving this!
I can’t time the top of the market either.
but I can take some profits when I am way up. I still wish I had sold more many years ago when it hit 50. so I am selling some at 100 and will keep selling it a bit at a time as long as it keeps goes up and conditions seem to indicate it will continue.
We will see what kind of short squeeze develops (or doesn’t ).
will I buy silver at this price, no. gold no. pd and pt don’t think so
I might consider getting some pu if I can get a good deal from a group of Libyan nationalists at the twin palms mall, maybe
“The ring is a similar size and cost $120. Both are likely close to an ounce of gold. “
In 1976 gold was more than $120 an ounce.
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