93MarineHorn said:

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a picture worth a thousand words to those people who kept stacking.

Detmersdislocatedshoulder said:

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93MarineHorn said:

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a picture worth a thousand words to those people who kept stacking.

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I love rubbing my brother's nose in it. I was buying in the 2000's for a number of years. He said I was reading too much Newsmax. He was probably right about that but not about gold/silver.

Silver is going to be the interesting one......

Heavily manipulated for the last couple decades via shorts and computer trading. Hasn't hit its 1980 or 2011 high as inflation is seen in every other commodity over the last 15 years......

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The Saudis jumped into SLV with $40MM (now they can withdraw physical silver).
https://www.kitco.com/news/article/2025-08-25/saudi-central-bank-buys-40-million-slv-and-silver-miners-its-not-what-you

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Russian Central bank is buying.
https://www.kitco.com/news/article/2025-07-16/russias-central-bank-may-be-boosting-silver-prices-through-undeclared

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US now listing silver as a strategic metal
https://carboncredits.com/u-s-releases-new-draft-critical-minerals-list-silver-and-copper-join-the-clean-energy-race/

The United States has released an updated list of critical minerals, highlighting the growing importance of metals that support clean energy, technology, and national security. This new list from the U.S. Geological Survey (USGS) and the Department of the Interior now has 51 minerals.

The draft recommends adding six mineralspotash, silicon, copper, silver, rhenium, and lead, listed in order of riskto the U.S. Critical Minerals List, while removing two minerals, arsenic and tellurium.

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Silver is needed to make missiles, drones, EVs, and just about every other high tech item in the world.

Never had a thread like this before, fascinating!

Inherited my grandfathers silver collection when he passed. Silver prices are being held down by the power to be. Same with titanium and platinum. It's only a matter of time before those metals blow up.

We will be over 4250 by the end of next week. 4000 was a threshold. The next will be be 5000. Then 7500. Then 10k. Then all bets are off. Your money is not real.

Silver is the interesting one because the banks have considerable exposure due to their manipulation attempts ultimately failing.

Queso1 said:

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We will be over 4250 by the end of next week. 4000 was a threshold. The next will be be 5000. Then 7500. Then 10k. Then all bets are off. Your money is not real.

Silver is the interesting one because the banks have considerable exposure due to their manipulation attempts ultimately failing.

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you are paying attention and you are correct abkut silver. all you have to do is look at the gold to silver ratio today, and historically to know something is amiss. jp morgan is one of the worst at the silver manipulation. the con is getting my closer to being up

I've completely missed the run up on gold aside from our jewelry. That sucks.

We do have a lot of silver and I have investments in a silver fund I made several years ago. After being stagnant for years, it has finally started climbing.

We melt and sell gold roughly once a quarter. We sold about 30 oz of pure gold on August 29th. Had I waited for today it would have netted me an additional $17k. I've been buying and selling gold since 2007. This is more unprecedented than the 2011 run up.

Yesterday said:

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We melt and sell gold roughly once a quarter. We sold about 30 oz of pure gold on August 29th. Had I waited for today it would have netted me an additional $17k. I've been buying and selling gold since 2007. This is more unprecedented than the 2011 run up.

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Are you like a blacksmith? Can you make me some armor for the coming culture wars?

I own a bunch of GLDM. Wish I had more. Up 53% YTD.

Yesterday said:

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We melt and sell gold roughly once a quarter. We sold about 30 oz of pure gold on August 29th. Had I waited for today it would have netted me an additional $17k. I've been buying and selling gold since 2007. This is more unprecedented than the 2011 run up.

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Why would someone sell gold and turn it into paper?

Queso1 said:

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Yesterday said:

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We melt and sell gold roughly once a quarter. We sold about 30 oz of pure gold on August 29th. Had I waited for today it would have netted me an additional $17k. I've been buying and selling gold since 2007. This is more unprecedented than the 2011 run up.

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Why would someone sell gold and turn it into paper?

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If your investment thesis on gold is an inflation hedge, it doesn't matter if you have physical possession or not.

Paper gold contracts are also cheaper than physical since there is a premium placed on possessable gold.

If your investment thesis in gold is wealth protection in a systemic collapse, then yeah, paper gold would be a dumb idea.

When I said paper…I meant US Federal Reserve Notes.

Ah, in that case, see my comment above about utility.

Because people who sell gold don't typically want gold in exchange. We have to sell the gold for cash in order to buy more.

Gold over $4k/ounce! Silver keeps inching toward $50. As I posted on a Business Forum thread, I'm excited for my gold & silver but increasingly I'm more scared about the purchasing power of my dollars. A lot more of my net worth is in dollars than metals. Gotta wonder if we're headed for a big spike in inflation soon.

When this wild AI bubble finally pops, it will be interesting to see what percentage of capital rotation rolls into decentralized assets like, bitcoin or physical PM's. Both are fairly small markets. Even 2-3% of institutional money would be colossal. Naturally, the old "Never bet against the dollar" crowd will pile into the bond market; driving yields into the dirt.

Why do you melt it? What are you melting?

Im thinking investing in lead might be a wiser investment now than in my 401k.

I still have 25 years to go until retirement...

Yukon Cornelius said:

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Why do you melt it? What are you melting?

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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.

BadMoonRisin said:

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Im thinking investing in lead might be a wiser investment now than in my 401k.

I still have 25 years to go until retirement...

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Never hurts to have some lead to guard the portfolio. With 25 years, you probably have the luxury of time to see the market burn and turn around again. It might be sensible to put a little in a rainy day precious metals or BTC fund on the side, but only if you can spare it. I've been throwing a little in physical PM's for several years and I barely felt it.

I will say that holding a 1oz gold or silver coin in your hand, knowing it will never go to zero, is pretty satisfying. Hard to say that about a $100 bill these days. Those things fly out of my wallet like bats swirling out of a cavern at dusk....and that's just a trip to the grocery store or taking the wife out to dinner.

So what does a men's 10k Aggie ring cost this fall or next spring? Just gold, no diamond, no antique…

Wheatables02 said:

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So what does a men's 10k Aggie ring cost this fall or next spring? Just gold, no diamond, no antique…

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I know everyone has a budget, but this is a one time purchase that you/someone worked very hard to earn. Treat yourself/them and proudly sport your alma mater.

kind of off the subject a little but does anyone know where copper may be headed? been looking at some copper companies..

My portfolio looks good. Thanks for ****ing with the dollar, donnie.

Wheatables02 said:

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So what does a men's 10k Aggie ring cost this fall or next spring? Just gold, no diamond, no antique…

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Does the Association still pay for half?

I'm not worried, i'm fully invested in rare Labubu's.

BadMoonRisin said:

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Im thinking investing in lead might be a wiser investment now than in my 401k.

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I did that during the Obama years - hopefully I never need it.

fullback44 said:

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kind of off the subject a little but does anyone know where copper may be headed? been looking at some copper companies..

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The demand for copper is expected to remain very high for years as we'll need a lot for electrical infrastructure, new housing, EVs, other electronics, etc. This video talks about copper mining capacity and price forecasts. Too cheap, IMO, to stack like silver or gold. Mining stocks could be interesting.

Gold and silver are pounding higher. Silver up $2 in a day.

Where it stops, nobody knows. We are in unchartered territory! pic.twitter.com/DNDvW67JPm

— Rob Kientz | The Freedom Report (@freedom_rpt) October 13, 2025

That was fast.


Big question is, will the shorts unleash Mr. Slammy this week before this gets out of control?

If #Gold breaks $4000 USD decisively and #Silver breaks $50 USD decisively, this might play out…

“Get those brokers back in here! TURN THOSE MACHINES BACK ON!!!”

🤣🤣🤣🙈 pic.twitter.com/OuUsy0QPAV

— Eric Yeung 👍🚀🌕 (@KingKong9888) October 10, 2025

Who has gold and who is poor? Poor people without massive stacks of physical gold respond below

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Big question is, will the shorts unleash Mr. Slammy this week before this gets out of control?

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Mr. Slammy is alive and kicking - I was starting to be worried for his wellbeing 🙂

Nice silver slam, right before LBMA operations begin for the day 😉

Let’s see how long it will last this time 🍿 https://t.co/cZbUUceRr1 pic.twitter.com/twipAxtKGa

— JustDario 🏊‍♂️ (@DarioCpx) October 14, 2025

The big answer is a resounding YES. Mr. Slammy makes his appearance.

(hint: the PM markets are massively manipulated)


Paper vs physical. Who wins in the end?