I seem to remember a radio ad for gold, in which they claimed that gold was set to soar to $2000. About 10 years ago.
Buying gold when it’s high is stupid. Buying it when it’s low is smart. Knowing what is “high” and what is “low” is the key to it all. I don’t know it.
They were peddling gold before Y2K. Still are hawking it.
The pattern I see is that the gold/silver vendors aggressively hawk their wares them the spot price of metals is rapidly increasing. They STFU when the spot price of metals is rapidly dropping.
If you’re going to buy, buy when the vendors aren’t aggressively hawking their wares.
If anyone could accurately predict when gold is going to go up, they’d be a billionaire.