News $53 Silver and $4200 Gold hits All Time High!

[Jimi Jah]

I paid about $1100 for my gold.

 

[Coolguy]

Just hold onto it. The height hasn't come yet and if you were buying for a quick buck, you're doing it wrong.

Height based on what evicence? I know people want it to go higher, but how does anybody really know it won't drop down to $3,000/oz again? What is really preventing it if the dollar strengthens and treasury yields rise?

 

[NorCALSpeed]

Height based on what evicence? I know people want it to go higher, but how does anybody really know it won't drop down to $3,000/oz again? What is really preventing it if the dollar strengthens and treasury yields rise?

No one really knows. The parabolic rise was certainly unsustainable. I like a few more weeks of data before I'd cut losses (if I had bought at the top). That also depends on how much one invested and how resilient they can be to further drop. I almost always cut anything if it's dropped 20%.

 

[Warpspeed]

In a strange way, I was excited about the run up but didn't really want to sell.

Not that I felt like it would go higher but if I sold it, I'd be out and I kind of want to be in.

 

[1recluse]

It appears the money printing press is operating at full speed.

 

[Coolguy]

In a strange way, I was excited about the run up but didn't really want to sell.

Not that I felt like it would go higher but if I sold it, I'd be out and I kind of want to be in.

I sold most everything I had. I pretty much only kept some items I just like to have because they look cool and or I wear them and I don't want to sell them. I dumped in increments, starting when it hit $50/oz for silver (and had some seller's remorse pretty quickly) and then managed to dump pounds of it much closer to the peak. Zero regrets, as I bought most of it back in the late 1990's/early 2000's and paid almost nothign for it.

Did the same for gold, but I didn't have much to sell. I sold a couple of things towards the end of last year, had sellers remorse, and then got rid of the rest when it went ballistic.

Only thing I have left are a few of those Goldbacks that I'm really not sure what to do with...

 

[Parawolf]

managed to dump pounds of it much closer to the peak. Zero regrets, as I bought most of it back in the late 1990's/early 2000's and paid almost nothign for it.

Sounds familiar. Remember when silver was $4/oz and gold was <$300? I was buying the hell out of it then and sold about half my silver at this latest peak. I've sold some gold but I'm holding what I have for now, and even buying some gold nuggets...because I like them

 

[jacrispies]

Speculation is all over the place in the bullion industry. There appears like there is not much evidence that points to a potential downside turn in prices. Refineries are just starting to catch up from the huge run and premiums paid by dealers are starting to return closer to normal.

I've had some individuals personally ask to purchase silver from me to add to their holdings. The general public has a good outlook with precious metals, especially considering political climate and inflation rate.

Some people are in precious metals to make a quick buck, while most hold it as a part of their portfolio long term.

Today's prices:
$75 silver
$4,700 gold

 

[Coolguy]

Sounds familiar. Remember when silver was $4/oz and gold was <$300? I was buying the hell out of it then and sold about half my silver at this latest peak. I've sold some gold but I'm holding what I have for now, and even buying some gold nuggets...because I like them

I wish I had put that money in Apple stock instead! I would have made WAY more money.

 

[1recluse]

If you have any South Africa Big Five (2 Coin) sets. I could be a buyer. Or if you have Slab coins MS 70 First day of issue, hit me up!

 

[ikeo1]

If you have any South Africa Big Five (2 Coin) sets. I could be a buyer. Or if you have Slab coins MS 70 First day of issue, hit me up!

What kind..

 

[1recluse]

^^^
South African Big Five!

 

[ikeo1]

^^^
South African Big Five!

Ahh only those… gotcha

 

[JohntheBaptized]

No one really knows. The parabolic rise was certainly unsustainable. I like a few more weeks of data before I'd cut losses (if I had bought at the top). That also depends on how much one invested and how resilient they can be to further drop. I almost always cut anything if it's dropped 20%.

True, no one truly knows, but the US gov’t isn’t changing its ways and clearly the petrodollar is failing. If the gov’t doesn’t change the direction, which this administration isn’t going to do any time soon if at all, then hyperinflation is the next step and we will see a new rise to power.

Things will never be the same and I think if the US reclaims itself and recollects itself then I think the direction it went is good. But this is a dream. I think I will hedge what I have and buy more PMs and gun training

 

[Coolguy]

The price plummet has begun. The questions now are how far down will they go, and how long will they stay there? I'm sure lots of people will want to buy the dip but will they stabalize the price? I think not

 

[SilverEndless]

The price plummet has begun. The questions now are how far down will they go, and how long will they stay there? I'm sure lots of people will want to buy the dip but will they stabalize the price? I think not

What’s the current social speculation on how low it will go?

 

[Coolguy]

What’s the current social speculation on how low it will go?

The gold price is crashing primarily due to surprisingly strong U.S. labor data. This resilience has shifted market expectations, leading investors to price in the possibility of Federal Reserve interest rate hikes rather than cuts later in 2026.

The sudden sell-off is driven by a few compounding factors:

• Higher-for-Longer Interest Rates: Stronger-than-expected nonfarm payrolls and stable unemployment rates suggest the U.S. economy remains robust. This reduces the likelihood of rate cuts and increases the opportunity cost of holding non-yielding assets like gold.
  
  
• Stronger U.S. Dollar:Expectations of sustained or rising interest rates have strengthened the U.S. dollar
  . Since gold is priced in dollars globally, a stronger currency makes it more expensive for international buyers.
  
  
  • Surging Bond Yields: When central bank rates appear likely to rise, U.S. Treasury yields climb alongside them. Investors frequently rotate capital out of gold and into interest-bearing, fixed-income securities.
    
    
  • Technical Sell-Offs and Profit-Taking: Following a period of all-time highs, many speculative traders and funds began cashing in their gains. When the price broke below its 200-day moving average, it triggered a wave of automatic and forced liquidations.
    

 

[JohntheBaptized]

Russia has sold several tons recently, so that’s effected an already shaky gold price. The jobs created will be corrected again in the middle of the month, so I think gold might dip too high $3k, but a lot will need to happen. I believe $4k is the new floor and is getting ready to take off again just like I think $60 is the floor for silver.

 

[BigBlaze]

Russia has sold several tons recently, so that’s effected an already shaky gold price. The jobs created will be corrected again in the middle of the month, so I think gold might dip too high $3k, but a lot will need to happen. I believe $4k is the new floor and is getting ready to take off again just like I think $60 is the floor for silver.

If Russia just sold several tons of gold recently. It's probably because they're going broke from the war with Ukraine.

 

[JohntheBaptized]

If Russia just sold several tons of gold recently. It's probably because they're going broke from the war with Ukraine.

That’s correct. They’re being clobbered and their economy is taking a massive hit. Putin is in need of ramping up what he is doing there or he’s going to need to give up. I forget how many years that war is now, but Russia wasnt in a good spot before hand.