Posted on 11/29/2025 9:08:54 AM PST by delta7
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One of my chief problems with precious metals as a store of value is that investing in them takes wealth out of production; IOW this is one of the more perverse consequences of inflationary expectations. When one adds the anticipation of a real capital gain onto that, the effect is a runaway market (the Giffen good).
What it tells us about the relationship between metallic money and fiat currencies is ringing alarm bells. But that topic is beyond a precious metals market analysis.
There are two aspects to wealth. Earning it and storing it.
Some are focused on earning it, others have the luxury of wondering where to store it.
One of the unspoken risky investments of where to store is in people. Investing in people is a very risky/high reward but should be part of every portfolio.
When times get tough you are going to need people in your life.
Eh, not exactly a Geffen good. Gold and silver are hardly staples like bread or rice. And while people are buying more as the price rises, it’s because of fear of missing out on the upward ride, not necessity.
More of a bandwagon effect than Geffen.
I’m thinking this run up may force countries to actually back currencies with stuff. I’m in favor of hard goods backing currency. Have on hand the gold, silver, oil, fresh wheat, etc. that actually represent the value of the paper or electrons.
That would keep governments honest.
Ag up 95% this year. I have whiplash.
Ag up 95% this year. I have whiplash.
Speaking of AG, I’ve been holding First Majestic Silver Corp (AG) for a while waiting for it to get some attention (up almost 13% on Friday). Finally, the stock is going up. It should be a $30 stock. The same goes for SVM (Silver Corp Metals). I’ve been holding it since it was at $2.50.
Ag up 95% this year. I have whiplash
————
This is a generational Bull market, it is just warming up. Wait till all the paper and electron people jump in.
Industry demands Silver, no matter the price.
I think it’s a waste of time owning gold or silver. Can’t easily sell it or trade for something you might need.
did you happen to notice silver appreciated 95% year-to-date?
“Hahaha. Your side of the boat is sinking...”
Demand by industry does not increase as price increases.
Silver production vs. demand has been in outright deficit for 7 years. Its probably been longer if you count people melting-down grandma’s silverware, and governments reducing stockpiles.
Facing the hard reality of real supply and demand, at some point, price suppression through futures would no longer work.
I believe we are at that point. The cupboards are officially empty.
So many good silver miners available today.
By that logic, why buy/invest in stocks? Or US government bonds? Or oil futures? Or a condo in New York?
All of these things can not be directly bartered for the basic necessities of life. Our printed, fiat, Federal Reserve money is the intermediary and medium of exchange for all of it. Silver and gold, even have a slight advantage as you CAN trade a silver/gold coin for the necessities of life if TSHTF
CDE is my odds on favorite right now.
A strong balance sheet, record earnings, recent acquisition of NewGold, it’s been flying high, and will continue, in my opinion.
My gold and silver was lost in a boating accident 25 years ago.
Gold and silver are legal tender in the USA.
Gold and silver are depression hedges for me. They don’t compare to real investments like stocks in which people go to work every day to make you more money. Silver and gold literally just sit there. Yah, you can trade them. And their value in paper currency tells you something about the relative value of paper currency. But they don’t EARN anything. They literally just sit there.
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