Posted on 02/01/2026 2:14:49 PM PST by nickcarraway
The price of gold fell from a record $5600 to $4770 per ounce. On Friday, the price of silver fell by 31%. This is the biggest percentage drop in the price of this bullion since March 1980. What could be the reasons for such declines?
Gold hit a new record high on Thursday at $5600 per ounce. Silver was trading at $120 per ounce. Suddenly, precious metal prices began to fall. By Friday evening, gold was already costing $470 per ounce.
Gold fever reached a new high at the beginning of 2026, with prices hitting a record earlier this week. All over the world, people queued up to sell bullion they already owned or to buy it.
Consumers went to local retailers to cash in their gold jewellery. Some are buying gold coins or bars for the first time. Others are investing in exchange-traded funds, trading the value of the metal in a way similar to trading shares.
(Excerpt) Read more at euronews.com ...
“But if you don’t know anything about COMEX or the silver/gold market, how can you have a discussion about it?”
I wasn’t trying to have an conversation. I was asking you to share your knowledge so I could be more informed.
“In resorting to semantics, you’ve conceded the argument.”
I wasn’t arguing. I was asking you to share your knowledge with me.
I don’t understand your antagonistic attitude.
Hunt brothers
alright, ya old fart. We'll see. Meanwhile, I hope you like india, because you and your gutless neighbors and cripple for a governor are letting the entire country migrate there. That smell is not bovine excrement, but brahmin excrement, coming to a sidewalk near you.
Then what’s your question?
If there’s one thing that confuses me, it’s when I don’t know if someone’s a guy or a girl. If you’re a girl, I’ll be a lot more merciful with you. A whole lot.
“Gold is taxed like income short-term and like stocks long-term.”
Gold and silver are classified as collectibles. Gains are taxed at ordinary income rates. No tax benefit to holding long term for most.
The only long term benefit is to those in the highest tax bracket as there is a cap of 28%.
“when it pushes through $121, it will go significantly higher.”
I saw that last Thursday.
And the day before that.
And the day before that.
And the day before that.
And the day before that ...
“Like I said, copper is my go to.
Never goes really high but never drops that low either. A nice slow but solid rate of return.
I am not trying to get rich fast, just want to be able to pay for the cubs to attend a college if they want or go into business for themselves if that is their choice.”
About a 1.5% annualized return over the last 14 years. You are still losing to inflation.
Even CD’s do better.
Stocks do MUCH better.
“In the big picture, Fridays smack down means little to stackers. Keep stacking.”
How much did you stack the last few weeks at $120¿
Best you do what the smart money is doing, sell and buy PM’s….its all about economic cycles. Be sure to get back with us.
87 posted on 1/29/2026, 5:31:36 PM by delta7
“Then what’s your question?”
Which banks?
64 posted on 02/01/2026 6:13:55 PM PST by TexasGator
“If there’s one thing that confuses me, it’s when I don’t know if someone’s a guy or a girl.”
Ketanji Brown Jackson has that same problem.
Here's an idea to reduce the deficit: Quit spending like a drunken sailor.
Why do you want me to answer the same question twice?
I don’t mind answering it twice, but it just seems like you’re not serious.
I answered your question in post # 67.
Why do you ask the same question again?
I can tell when I’m looking at him or her.
But I don’t know which one you are.
Did you notice I’m not looking at you (as far as you know)?
when it pushes through $121, it will go significantly higher
“I saw that last Thursday.
And the day before that.
And the day before that.
And the day before that.
And the day before that ...“
Shall we revisit this conversation in six months? Do you have any hesitations?
“I put my money on Dimon via JPM. Owned it for over 20 years.
Last year they were loading up on silver in the 30’s.“
They have a small amount of physical silver relative to what they’re claiming. They have a lot of paper silver.
Go out and learn about paper silver vs physical silver. (Hint: paper silver is not silver.)
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