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 ...
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“The price of gold and silver has fallen sharply. Where did this plunge come from?”
probably from the same place the skyrocket rise came from: The Herd Principle ... designed so the suckers buy high and sell low ...
Speculators cashing in on profits or trying to minimize their losses.
Betcha those TV ads are still running...
Comex increased the margin calls?....I have no clue but heard it from some internet guy...lol
Trumop’s pick for Powell’s Fed Reserve rereplacement. Kevin Warsh is a dollar hawk, and that is sparking confidence that the dollar can be saved.
Same reason the stock market will take a sharp dive and then rebound. Transfer money from the amateurs to the pros.
By the way - anyone here interested in getting in on the ground floor of some tulip futures?
From people selling their gold at the new high?
I’d go for a some South Sea stock.
Here’s an interesting take.
Flush out the tight holders.
So Big Dogs can buy up all of the forced sales at a 15-25% discount.
Then up we go again.
Interesting, because some Freepers say he will steeply lower interest rates, but from what you say, that won’t happen.
Winner.
I ain’t rockets science.
Time to sell.
Ponzi Scheme! Tulips! Vapormetal!
That’s how this goes every time Crypto goes down in value right?
My ultimate plan is to develop a tropical resort on Hudson’s Bay. After all, Al Gore wouldn’t lie about global warming, would he?
We tested the market. The dealers didn’t want to pay. A lot of people got taken if they sold their silver and gold.
It came from schmendrickgonifschmuckputzes at JP Morgan manipulating the market. Trying to keep the price down, along with setting or better yet, proclaiming a final bare minimum price before the rest of the goy-I mean world push it to untold levels never seen before. We are looking at the end of the dollar. And Trump’s handlers will have him declare the TrumpCoin CBDC (central Bank digital Currency) and it will be OK with all the red hat worshippers! Or maybe to distract, he will declare aliens will live amongst us.
Are you saying it is time to sell silver and gold? I just would like to have you on record.
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