Gold, Silver and Current Crisis - Page 5

Incarnadine · 10-22-2024, 12:52 PM

I like revisiting this thread every few months, it gives good insight to the medium term moves of gold and silver.
5 months ago Gold was $2426.60 and Silver was $31.45.

As of this moment gold is $2758.50 (+$28.35 today) and silver is $35.05 (+$1.06 today)

After the big moves on Friday (roughly +$25 for gold and +$2 for silver) I was expecting profit taking yesterday, but Monday was pretty much flat before taking off again today.

Maybe in another 5 or 6 months we'll see $3k gold and $40 silver.

IndySportsCards · 10-24-2024, 06:08 PM

Quote:

Originally Posted by smackvay

i have NEVER seen it go like this but i like it

Mike

It's gonna go higher, much higher.

The banks can't manipulate the price anymore.

packman80 · 12-24-2024, 02:46 PM

Silver just seems a meh investment never going to seem to get out of that high 20s to low 30s world it seems to live in.

Incarnadine · 03-13-2025, 06:20 PM

Gold still steadily climbing, today it finally peaked at $3000 US an ounce for the first time. It's nice seeing it break that psychological milestone after being in the $2900's for quite a while.
I just wish I could have afforded to get more when it was "cheap", but here in Canada with our crappy exchange rate it's actually over $4200 Cdn.

nabzy28 · 03-16-2025, 05:51 PM

Hit up a coin show this weekend and, having attended them over the years, I have noticed some changes over the years. I don't do numismatic type stuff, so these observations at just some local shows are more bullion related.

1. Over the last 5 or so years, nearly all back date 1 oz. gov't coins have all but disappeared. It's an interesting thing, as you used to be able to go on any of the major online dealer's sites and pick out back date stuff from the Perth mint, older Pandas, etc. That all stopped by about 2021. Shows were still good for it, up through about last spring, and I noticed a fall off. This weekend, pretty much absolutely nothing.

2. Used to be able to pick up really nice Constitutional (junk) coins under melt. That went away a few years ago, too. There was a very noticeable lack of it, other than some heavily circulated bulk bags of it this weekend. The nicer condition stuff that was there was sparse and it was price well over melt/spot.

3. The dealer demographic is changing. There was always the dealers that were in that 50/60/70's age range. In fact, it was the vast majority at the local shows. Last year, I noticed a few guys that were probably late 20's to mid 30's start setting up. At this one, there were even more, which is great to see.

4. It was packed. Very busy, all ages. A couple parents even had their younger children with them, looking around. I actually stopped a couple times and just watched the room for a moment, because it was great to see how busy it was and that the crowd was a total mix of all ages.

5. Pricing was very competitive and I was a little surprised by it, actually. Perhaps because the metals are both at highs - gold all time and silver the highest it's been in a long time - and they're just looking to churn bullion type stuff at these levels vs. trying to capture higher premiums.

Just an extremely small sample size observation, but definite trends over the last few years at local shows near me that I've noticed.

jacksonjj · 05-05-2025, 12:30 PM

I went to a show recently and noticed kind of the same shift in dealers. They're much younger now. And gold is absolutely booming. I'm into numismatics and there seems to be much greater interest now than even just a couple years ago.

IndySportsCards · 05-09-2025, 04:14 PM

Asset backed currency is the future IMHO.

Incarnadine · 08-31-2025, 09:45 PM

Silver blowing past $40 US an ounce tonight, just the 3rd time in history after 1980 and 2011. Sitting at $40.69 right now, up $0.75 tonight.

Gold running too, up $26 to $3,487. Getting close to all time high.

Incarnadine · 09-02-2025, 10:08 AM

Interesting movements in metals lately. Gold is at an all time high right now at $3,525.05 after surging another $35.60 today.

Silver sitting at exactly $41.00. 2 hours ago silver was down -$0.41 for the day, but completely reversed and is +$0.05 now, a pretty big swing.

IndySportsCards · 09-02-2025, 01:55 PM

Quote:

Originally Posted by Incarnadine

Interesting movements in metals lately. Gold is at an all time high right now at $3,525.05 after surging another $35.60 today.

Silver sitting at exactly $41.00. 2 hours ago silver was down -$0.41 for the day, but completely reversed and is +$0.05 now, a pretty big swing.

We are at the cusp of the biggest wealth transfer in history. Amazing time to be alive.

Big35Hurt · 09-04-2025, 07:58 AM

Quote:

Originally Posted by packman80

Silver just seems a meh investment never going to seem to get out of that high 20s to low 30s world it seems to live in.

This didn't age well.

Incarnadine · 09-04-2025, 11:41 AM

Looks like a bit of profit taking today, which is expected after several straight days of gains.

Silver is down -$0.47 today to $40.95 and gold is down just -$4.85 to $3,568.60
Platinum taking a big hit to -$52.90 and is at $1,385.35

My biggest regret is not starting to buy earlier and getting more, but at least I did manage to get a nice little pile for emergencies before prices really took off.

IndySportsCards · 09-07-2025, 12:26 PM

Quote:

Originally Posted by Incarnadine

My biggest regret is not starting to buy earlier and getting more, but at least I did manage to get a nice little pile for emergencies before prices really took off.

Hindsight is always 20/20. Just be glad you got in and have some to take with you on this journey into the future.

Incarnadine · 09-08-2025, 10:13 AM

Quote:

Originally Posted by IndySportsCards

Hindsight is always 20/20. Just be glad you got in and have some to take with you on this journey into the future.

Yeah, I'm glad I got what I have. It's just unfortunate I can't afford to add to it.

I'm happy to see the metals moving up now, in the past I was happy to see them stagnant or go down so I could buy more relatively "cheap".

Even when they drop now it doesn't stick for long, last night when I turned in gold was down about -$8 and silver was down -$0.39, but when I just checked gold had roared to +$57.55 ($3,658.45) and silver to +$0.59 ($41.80) overnight.

Cactuspies · 09-08-2025, 02:06 PM

outside of some of the physical I have, I've been using One Gold to auto invest on silver for a few years, and was completely dumbfounded yesterday to see the increase in my portfolio from the week prior. I've been considering cashing out to get the physical coins or bars on my investment. At least those overpays from years back finally have zeroed out or made some gains.

Quote:

Originally Posted by Incarnadine

Yeah, I'm glad I got what I have. It's just unfortunate I can't afford to add to it.

I'm happy to see the metals moving up now, in the past I was happy to see them stagnant or go down so I could buy more relatively "cheap".

Even when they drop now it doesn't stick for long, last night when I turned in gold was down about -$8 and silver was down -$0.39, but when I just checked gold had roared to +$57.55 ($3,658.45) and silver to +$0.59 ($41.80) overnight.

nabzy28 · 09-08-2025, 05:15 PM

Quote:

Originally Posted by Cactuspies

outside of some of the physical I have, I've been using One Gold to auto invest on silver for a few years, and was completely dumbfounded yesterday to see the increase in my portfolio from the week prior. I've been considering cashing out to get the physical coins or bars on my investment. At least those overpays from years back finally have zeroed out or made some gains.

I have no idea how that works, so excuse my ignorance if this is irrelevant - I would HIGHLY recommend getting any physical metals you 'own' in digital form or paper, wherever that may be, into your own possession. There are even a couple of the bigger dealers who have private vaults with segregated storage - if you've got enough that you don't feel comfortable keeping it right nearby.

Big35Hurt · 09-12-2025, 06:56 AM

Quote:

Originally Posted by nabzy28

I have no idea how that works, so excuse my ignorance if this is irrelevant - I would HIGHLY recommend getting any physical metals you 'own' in digital form or paper, wherever that may be, into your own possession. There are even a couple of the bigger dealers who have private vaults with segregated storage - if you've got enough that you don't feel comfortable keeping it right nearby.

Agree and disagree with your post. Agree with your point about taking physical delivery but strongly disagree about using a vaulting service. Things have gone awry in the past and people have lost out on significant amounts of their silver. I mentioned in another thread or post about a saying a prepper friend of mine told me. It's "if you don't hold it, you don't own it". Personally, I would never send mine off to someone else to hold on my behalf.

Incarnadine · 09-12-2025, 08:42 AM

When metals run they run fast.

Looking back at my post 11 months ago Gold was $2426.60 and Silver was $31.45.

Today gold is currently $3,662.05 (+$14.15) and silver is $42.31 (+$0.54)

I know "price doesn't matter" until it's time to actually sell, but it's still nice to see it run.

Big35Hurt · 09-12-2025, 08:56 AM

Quote:

Originally Posted by Incarnadine

When metals run they run fast.

Looking back at my post 11 months ago Gold was $2426.60 and Silver was $31.45.

Today gold is currently $3,662.05 (+$14.15) and silver is $42.31 (+$0.54)

I know "price doesn't matter" until it's time to actually sell, but it's still nice to see it run.

It was around $22 back in the early part of 2024. Hard to believe it has gone up nearly $20/ounce. Although I try to follow a dollar cost averaging model when buying PMs, I am not a fan of these prices.

TheWrightStuff · 09-12-2025, 10:54 PM

Anyone selling yet?

Incarnadine · 09-15-2025, 08:04 PM

Another milestone for gold, $3,700.85. Silver closing in on $43, sitting at $42.90

blackbears86 · 09-17-2025, 11:32 AM

I'm in for most of my silver at around $20 an ounce.

For the experts here: at what point should I think about selling? (not all, but maybe half of my stash) I know we can't predict the future, but does anyone see silver hitting $50?

IndySportsCards · 09-18-2025, 08:14 PM

I see Silver hitting $200+

sounds crazy I know, but we're living through transitional times.. An amazing time to be alive.

blackandgold · 09-20-2025, 09:19 AM

Quote:

Originally Posted by IndySportsCards

I see Silver hitting $200+

sounds crazy I know, but we're living through transitional times.. An amazing time to be alive.

Wow I thought I was being over extended by saying it could reach $55

Incarnadine · 09-20-2025, 11:53 AM

Quote:

Originally Posted by IndySportsCards

I see Silver hitting $200+

sounds crazy I know, but we're living through transitional times.. An amazing time to be alive.

I guess it is possible, I recall seeing when silver hit $49 in 1980 that worked out to $180 accounting for inflation (seems a bit low, inflation sure feels higher than 4x since 1980).

03-16-2025, 05:51 PM	#105
nabzy28 Member Join Date: Aug 2007 Location: In a warehouse of common sense Posts: 7,294 nabzy28	Hit up a coin show this weekend and, having attended them over the years, I have noticed some changes over the years. I don't do numismatic type stuff, so these observations at just some local shows are more bullion related. 1. Over the last 5 or so years, nearly all back date 1 oz. gov't coins have all but disappeared. It's an interesting thing, as you used to be able to go on any of the major online dealer's sites and pick out back date stuff from the Perth mint, older Pandas, etc. That all stopped by about 2021. Shows were still good for it, up through about last spring, and I noticed a fall off. This weekend, pretty much absolutely nothing. 2. Used to be able to pick up really nice Constitutional (junk) coins under melt. That went away a few years ago, too. There was a very noticeable lack of it, other than some heavily circulated bulk bags of it this weekend. The nicer condition stuff that was there was sparse and it was price well over melt/spot. 3. The dealer demographic is changing. There was always the dealers that were in that 50/60/70's age range. In fact, it was the vast majority at the local shows. Last year, I noticed a few guys that were probably late 20's to mid 30's start setting up. At this one, there were even more, which is great to see. 4. It was packed. Very busy, all ages. A couple parents even had their younger children with them, looking around. I actually stopped a couple times and just watched the room for a moment, because it was great to see how busy it was and that the crowd was a total mix of all ages. 5. Pricing was very competitive and I was a little surprised by it, actually. Perhaps because the metals are both at highs - gold all time and silver the highest it's been in a long time - and they're just looking to churn bullion type stuff at these levels vs. trying to capture higher premiums. Just an extremely small sample size observation, but definite trends over the last few years at local shows near me that I've noticed. __________________ Sent from my Danger Hiptop T-Mobile Sidekick in 2002

05-09-2025, 04:14 PM	#107
IndySportsCards Member Join Date: Dec 2008 Location: EO 13848 Posts: 42,013 braco0 IndySportsCards	Asset backed currency is the future IMHO. __________________ Most people would rather be in the majority, than be right.

09-18-2025, 08:14 PM	#123
IndySportsCards Member Join Date: Dec 2008 Location: EO 13848 Posts: 42,013 braco0 IndySportsCards	I see Silver hitting $200+ sounds crazy I know, but we're living through transitional times.. An amazing time to be alive. __________________ Most people would rather be in the majority, than be right.

10-22-2024, 12:52 PM	#101
Incarnadine Member Join Date: Dec 2007 Posts: 1,090	I like revisiting this thread every few months, it gives good insight to the medium term moves of gold and silver. 5 months ago Gold was $2426.60 and Silver was $31.45. As of this moment gold is $2758.50 (+$28.35 today) and silver is $35.05 (+$1.06 today) After the big moves on Friday (roughly +$25 for gold and +$2 for silver) I was expecting profit taking yesterday, but Monday was pretty much flat before taking off again today. Maybe in another 5 or 6 months we'll see $3k gold and $40 silver.

12-24-2024, 02:46 PM	#103
packman80 Member Join Date: Jun 2014 Posts: 17,255	Silver just seems a meh investment never going to seem to get out of that high 20s to low 30s world it seems to live in.

03-13-2025, 06:20 PM	#104
Incarnadine Member Join Date: Dec 2007 Posts: 1,090	Gold still steadily climbing, today it finally peaked at $3000 US an ounce for the first time. It's nice seeing it break that psychological milestone after being in the $2900's for quite a while. I just wish I could have afforded to get more when it was "cheap", but here in Canada with our crappy exchange rate it's actually over $4200 Cdn.

05-05-2025, 12:30 PM	#106
jacksonjj Member Join Date: Aug 2023 Location: San Diego Posts: 860	I went to a show recently and noticed kind of the same shift in dealers. They're much younger now. And gold is absolutely booming. I'm into numismatics and there seems to be much greater interest now than even just a couple years ago.

08-31-2025, 09:45 PM	#108
Incarnadine Member Join Date: Dec 2007 Posts: 1,090	Silver blowing past $40 US an ounce tonight, just the 3rd time in history after 1980 and 2011. Sitting at $40.69 right now, up $0.75 tonight. Gold running too, up $26 to $3,487. Getting close to all time high.

09-02-2025, 10:08 AM	#109
Incarnadine Member Join Date: Dec 2007 Posts: 1,090	Interesting movements in metals lately. Gold is at an all time high right now at $3,525.05 after surging another $35.60 today. Silver sitting at exactly $41.00. 2 hours ago silver was down -$0.41 for the day, but completely reversed and is +$0.05 now, a pretty big swing.

09-04-2025, 11:41 AM	#112
Incarnadine Member Join Date: Dec 2007 Posts: 1,090	Looks like a bit of profit taking today, which is expected after several straight days of gains. Silver is down -$0.47 today to $40.95 and gold is down just -$4.85 to $3,568.60 Platinum taking a big hit to -$52.90 and is at $1,385.35 My biggest regret is not starting to buy earlier and getting more, but at least I did manage to get a nice little pile for emergencies before prices really took off.

09-12-2025, 08:42 AM	#118
Incarnadine Member Join Date: Dec 2007 Posts: 1,090	When metals run they run fast. Looking back at my post 11 months ago Gold was $2426.60 and Silver was $31.45. Today gold is currently $3,662.05 (+$14.15) and silver is $42.31 (+$0.54) I know "price doesn't matter" until it's time to actually sell, but it's still nice to see it run.

09-12-2025, 10:54 PM	#120
TheWrightStuff Member Join Date: Aug 2017 Location: Texas Posts: 6,833 Nathan104	Anyone selling yet?

09-15-2025, 08:04 PM	#121
Incarnadine Member Join Date: Dec 2007 Posts: 1,090	Another milestone for gold, $3,700.85. Silver closing in on $43, sitting at $42.90

09-17-2025, 11:32 AM	#122
blackbears86 Member Join Date: Apr 2011 Location: maine Posts: 17,211 blackbears86	I'm in for most of my silver at around $20 an ounce. For the experts here: at what point should I think about selling? (not all, but maybe half of my stash) I know we can't predict the future, but does anyone see silver hitting $50?