Gold yet another all time high

8,091 Views | 58 Replies | Last: 3 hrs ago by torrid
The Sun
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TTUArmy said:

Yukon Cornelius said:

Why do you melt it? What are you melting?

Might be a recycling gig? Extracting PMs from lower karat jewelry and other items through chemical and smelting process is a growing trend. People that know how to handle the chemical process, which is rather toxic, hit up estate sales, pawn shops, and garage sales for bargains and make pretty serious bank turning that stuff into .999 fine gold and silver.


He owns multiple pawn shops.
Dungeon Crawler Carl
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Nothing to see here......
Dungeon Crawler Carl
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Gold and silver are shining a giant spot light on paper markets...... Who wins in the end?

Dungeon Crawler Carl
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The price push began due to the big boys buying up inventories and "other" factors (i.e. refining capacity and lease rates, especially in silver)

Retail starting to jump in now.

Less than 1% of Americans own physical gold or silver.

What happens to the prices when that number hits 2% or 3%?
Dungeon Crawler Carl
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Yet another all time, just a $10 move in less than 60 days.....


Silver is up 100% on the year, yet not a peep from the financial media......Don't worry folks, nothing to see here, keep buying all that paper.

MouthBQ98
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AG
You can't eat gold. You can grow and raise food on land, and you can protect it with steel and lead. But I do understand were more or less in a global inflationary spiral and the historic defense to that is the fixed supply durable commodity like gold.
Logos Stick
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I'll admit haven't thought this through completely, but I have a lot of the ETF GLDM which is backed by physical gold mostly in London.

London is being taken over by the 3rd world. As they say it happens slowly, then all at once.

Cause for concern?
Dungeon Crawler Carl
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Do you want paper or physical? There is risk in both.....


25oz of gold = ~$100K (the size of three or four Bic lighters)
250oz is about the volume of a six pack.


Is that safer in your home with you and a gun/dog or with a bunch of coke-head commodity traders on a computer on a server in London/NYC?

Dungeon Crawler Carl
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Buck Turgidson
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Silver over $71/ounce this afternoon. It was a huge big deal for silver to top $50 last month. Seems like every time I check, silver is up another buck or two.

Gold is getting pretty close to $4,500 as well ($4,490 as I type this).

Buck Turgidson
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Silver spot in Shanghai is way higher than in the west. Arbitrage should prevent that from happening:
Dungeon Crawler Carl
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oh my.....








Congratulations to all the PM stackers for having the foresight and fortitude to build your positions over the years. (who's crazy now?) Now you can sit back and watch as gold and silver pop the global fiat bubble in the coming months. In the very near term, we can bet on whether or not Mr. Slammy makes an appearance on Monday's open. I'm guessing they try to defend $80 for a while then really make their stand at $100.


For those of you asking, why is this Precious Metal thread in F16.....short answer: It's because the global financial system is absolutely 100% based on FRAUD (creating "money" with a click of a button). PM pricing is calling out the bull*****

94chem
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Dungeon Crawler Carl said:

oh my.....








Congratulations to all the PM stackers for having the foresight and fortitude to build your positions over the years. (who's crazy now?) Now you can sit back and watch as gold and silver pop the global fiat bubble in the coming months. In the very near term, we can bet on whether or not Mr. Slammy makes an appearance on Monday's open. I'm guessing they try to defend $80 for a while then really make their stand at $100.


For those of you asking, why is this Precious Metal thread in F16.....short answer: It's because the global financial system is absolutely 100% based on FRAUD (creating "money" with a click of a button). PM pricing is calling out the bull*****



Why aren't you trading commodities and doing it right? You could make some real money, 7 or 8 figures daily.
94chem,
That, sir, was the greatest post in the history of TexAgs. I salute you. -- Dough
Mas89
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AG
That would take some Big margin money to accomplish. I'll bet there are plenty of stackers with a Texas hedge making bank. Long the physical and futures/ options.
Worked great in the cattle market And metals in 2025. Great year.
doubledog
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Fun fact : Over 99% of Earth's total gold is believed to be concentrated in the planet's core.
Drill baby Drill.
Helicopter Ben
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Dungeon Crawler Carl said:



Congratulations to all the PM stackers for having the foresight and fortitude to build your positions over the years. (who's crazy now?) Now you can sit back and watch as gold and silver pop the global fiat bubble in the coming months. In the very near term, we can bet on whether or not Mr. Slammy makes an appearance on Monday's open. I'm guessing they try to defend $80 for a while then really make their stand at $100.


For those of you asking, why is this Precious Metal thread in F16.....short answer: It's because the global financial system is absolutely 100% based on FRAUD (creating "money" with a click of a button). PM pricing is calling out the bull*****



I've been expecting this run for the last ~15 years. Every time I bought the dip people would say I was crazy. My financial advisors, friends, and finance people I knew all acted like I was some kind of lunatic or that I was some kind of childish, unsophisticated investor. They even had me questioning whether I was missing something obvious. I told them I've never seen a more certain bet and I'm glad I went against the crowd. In hindsight, now I'm wondering how so many people missed what was so obvious all along.
Heineken-Ashi
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Helicopter Ben said:

Dungeon Crawler Carl said:



Congratulations to all the PM stackers for having the foresight and fortitude to build your positions over the years. (who's crazy now?) Now you can sit back and watch as gold and silver pop the global fiat bubble in the coming months. In the very near term, we can bet on whether or not Mr. Slammy makes an appearance on Monday's open. I'm guessing they try to defend $80 for a while then really make their stand at $100.


For those of you asking, why is this Precious Metal thread in F16.....short answer: It's because the global financial system is absolutely 100% based on FRAUD (creating "money" with a click of a button). PM pricing is calling out the bull*****



I've been expecting this run for the last ~15 years. Every time I bought the dip people would say I was crazy. My financial advisors, friends, and finance people I knew all acted like I was some kind of lunatic or that I was some kind of childish, unsophisticated investor. They even had me questioning whether I was missing something obvious. I told them I've never seen a more certain bet and I'm glad I went against the crowd. In hindsight, now I'm wondering how so many people missed what was so obvious all along.

It was definitely hard piling in from 2021-2023. But the structural bull market was building. The longer it took, the more it was likely to explode. Now payoff is here, and only NOW are financial advisors, retail investors, and speculative risk takers starting to buy. I thank them for the exit liquidity. What comes next is going to be painful for late entrants.
torrid
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AG
TTUArmy said:

Yukon Cornelius said:

Why do you melt it? What are you melting?

Might be a recycling gig? Extracting PMs from lower karat jewelry and other items through chemical and smelting process is a growing trend. People that know how to handle the chemical process, which is rather toxic, hit up estate sales, pawn shops, and garage sales for bargains and make pretty serious bank turning that stuff into .999 fine gold and silver.

I occasionally follow a guy on YouTube who does precious metal recovery. I think he mostly does it as a hobby and to generate content. He freely shares what he does to process and recover the different metals. He will not talk at all about or show how he acquires scrap sterling and used jewelry. That's where he makes his money, and those are closely guarded trade secrets.
PDEMDHC
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AG
I used to believe all the fraud stuff when all the same conversations happened in 2008-2011. Bubble. Pop. Repeat. And here we are again.

Of course it's real but bankers and elite always win. Last part of the bubble for silver starting right now. Straight up on the charts and zoom out 5 years. Congrats to those doing well.
Helicopter Ben
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PDEMDHC said:

I used to believe all the fraud stuff when all the same conversations happened in 2008-2011. Bubble. Pop. Repeat. And here we are again.

Of course it's real but bankers and elite always win. Last part of the bubble for silver starting right now. Straight up on the charts and zoom out 5 years. Congrats to those doing well.

The elites and bankers always win because the government is there to reinflate the bubble every time it's about to pop. Bailouts, TARP, quantitative easing, stimulus, money printing, etc…that is the fraud we're talking about here. Since I am not part of the club that benefits from this, precious metals is my way of avoiding the theft. It should have been obvious that this was a mathematical certainty. I do think PM's will see a pullback, but it will never go back to historical prices. IOW, PM prices are not a bubble. These prices are the new normal as consequence for all the money printing (aka inflation.)
Heineken-Ashi
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I'll say what I've been saying for years. "They" can try QE and direct stimulus again. But they would be starting from a point of mass unaffordability and heightened inflation. Any attempt to inflate through QE (buying assets, going deeper in the deferred asset hole on the balance sheet, and making loans available to banks) will likely not be successful, as there will not be the demand for loans by the public of the banks for assets that are already unaffordable. And without loan demand, that QE sits on the FED balance sheet as a giant deflating anchor sinking everything deeper with it.
Helicopter Ben
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I always appreciate your insight on this topic and I'm curious how you see this playing out. IMO, "they" don't really have any other options but to keep trying the money printer. They'll come up with a fancy new name for it, but the idea and net effect will still be the same.
Detmersdislocatedshoulder
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be paying attention to the fed repo markets and the consequences of sliver sky rocketing. this metal has been artificially suppressed more than any metal and they just lost control. starting comparing comex to shanghai you will see the future.
torrid
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AG
PDEMDHC said:

I used to believe all the fraud stuff when all the same conversations happened in 2008-2011. Bubble. Pop. Repeat. And here we are again.

Of course it's real but bankers and elite always win. Last part of the bubble for silver starting right now. Straight up on the charts and zoom out 5 years. Congrats to those doing well.


Someone here recently said you put your money into gold as insurance, not an investment. The return is almost always greater in the markets. You use gold to limit your downside.
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