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Are there any precious metal gurus in here?
Posted on 8/7/25 at 7:13 pm
Posted on 8/7/25 at 7:13 pm
Where do you see the spot price of Silver going?
This post was edited on 8/29/25 at 11:26 pm
8
Posted on 8/7/25 at 8:13 pm to FAT SEXY
Silver is not the hard money I’d be betting on but it’s in the right neighborhood so it will still probably run big during the remainder of the Trump presidency.
Posted on 8/7/25 at 9:45 pm to FAT SEXY
quote:Not a “guru”, I’m a coin collector who has ended up picking up a bunch of US pre-1965 silver through evaluating estates and offering to pay more than do pawn shops or coin dealers for it.
Are there any precious metal gurus in here?
I wouldn’t ever have more than 5% of my net worth in collector coins or in precious metals. Both of the those categories can do well but they are like investing everything in a single stock. I’ve done well over 30-plus years with a diversified portfolio.
The oft-stated truism from the bullion sellers is that precious metals will never be worthless, so there’s that.
Good luck
Posted on 8/8/25 at 8:16 am to FAT SEXY
quote:
Silver
Im sorry, I thought this thread was for discussion of PRECIOUS metals.
Silver be 30 bucks an ounce in the year 2230
This post was edited on 8/8/25 at 8:17 am
Posted on 8/8/25 at 9:07 am to LSUnation78
I get that you’re being sarcastic, but silver is considered a precious metal.
Posted on 8/8/25 at 11:00 am to LSUnation78
Did anyone see this Fed article about revaluation?
Federal Reserve
I wonder if they'll ever revalue Gold and at what price. I've seen $10k/troy ounce thrown around
Federal Reserve
I wonder if they'll ever revalue Gold and at what price. I've seen $10k/troy ounce thrown around
Posted on 8/8/25 at 11:45 am to FAT SEXY
quote:
Where do you see the spot price of Silver going in the future?
Not a guru, but ….
Worldwide demand for silver is up.
Worldwide mining production of silver is down … and declining.
Likelihood is that the spot prices rise ….since silver typically follows gold. Gold is at the beginning of a multi year bull, IMO.
As Comex and LBMA physical inventories have begun to dry up, the delivery of physical silver to clients (banks, pe, etfs) has gone from 2-3 days in 2024 …
up to 7-9 weeks currently. This is putting a tremendous amount of pressure on “paper silver” category used by traders to manipulate spot prices. This applies to traders that leverage derivatives of silver via paper contracts.
The general consensus of the gurus seems to be that paper traders will get crushed in the absence of the physical inventories (collateral) required to transact. They project the silver asset class will bifurcate soon.
The senior and junior miner ETFs have been getting a lot of play this year … and rightfully so. As an example, GDXJ has been one of my favorite holdings… the junior miners have begun to benefit from lower operating costs (energy) and higher market prices. It is gold focused, but silver and copper are often byproducts. Just my dos centavos…
GDXJ generally runs inverse to the USD Index , so I watch that carefully for my accumulation points.
This post was edited on 8/8/25 at 3:09 pm
Posted on 8/9/25 at 3:12 pm to FAT SEXY
Going back on the gold standard would help send silver and gold up, substantially. Silver has not risen as fast as gold but I can see it breaking $40 in the next month or two.
That will be delayed if they keep tanking the market because of Muh Eggs, Muh tariffs, DJT farted in an elevator, or any other excuse they can think of to manipulate it up and down.
That will be delayed if they keep tanking the market because of Muh Eggs, Muh tariffs, DJT farted in an elevator, or any other excuse they can think of to manipulate it up and down.
Posted on 8/28/25 at 10:10 am to FAT SEXY
Gold price has been consolidating for a few months and looks poised for a move higher
Posted on 8/30/25 at 11:13 am to FAT SEXY
I bought a few hundred bucks worth of silver eagles several years ago. Forgot I had them until I felt something heavy in the back of my safety deposit box yesterday.
Paid a little over $20; looks like silver is about $40 now. When I kick the bucket, some relative will be happy when they find those.
Paid a little over $20; looks like silver is about $40 now. When I kick the bucket, some relative will be happy when they find those.
Posted on 8/30/25 at 12:20 pm to Twenty 49
quote:
When I kick the bucket, some relative will be happy when they find those.
May want to leave a note or something with them. If they don’t know what they’re looking for it will go about like this:
“Hey brother, what you digging through over there?”
“Ah just some quarters and shite”
Posted on 8/31/25 at 12:38 pm to LSUnation78
quote:
Silver be 30 bucks an ounce in the year 2230
So are you saying that inflation won't impact the price of silver?
Posted on 8/31/25 at 1:44 pm to FAT SEXY
About 20 years ago wife's father was living with us, when dementia started setting in. We a guest house in the back he stayed in. Couldn't sleep most nights so he would watch infomercials and buy shite. There were 5 kids in the family so everyone got a Set it and Forget It, a George Foreman grill etc. But he also bought a bunch of silver coins. Stuff like a million dollar silver bar, painted silver dollars. He never did send those to the others so we still have them.
So a couple months ago took them to a coin dealer in town, basically said jus worth the price of silver. But has an interesting take on the price of silver. Said price should be closer to $500 and ounce. One of the main reasons is each Tomahawk missile has $50,000 worth of silver in it. Don't now if he was shitting me or not.
So a couple months ago took them to a coin dealer in town, basically said jus worth the price of silver. But has an interesting take on the price of silver. Said price should be closer to $500 and ounce. One of the main reasons is each Tomahawk missile has $50,000 worth of silver in it. Don't now if he was shitting me or not.
Posted on 8/31/25 at 1:47 pm to dblwall
Most of those special coins, they show an info Commercials are absurd, and as you said, are only worth the cost of the weight of the silver. It’s just a way to trick old people buying something shiny or painted.
Posted on 8/31/25 at 7:54 pm to CastleBravo
Sure hasn’t in the last 12 years.
Posted on 9/1/25 at 12:50 am to dblwall
quote:
ilver. Said price should be closer to $500 and ounce. One of the main reasons is each Tomahawk missile has $50,000 worth of silver in it. Don't now if he was shitting me or not.
Any idea if an event or reckoning will happen that will thrust this notion to make it climb to near 500?
Posted on 9/1/25 at 10:11 am to dblwall
Common sense alone disputes that claim. We routinely destroy dwellings in places where people survive on less than $100/mo. If $50k of any material could be extracted from a tomahawk, those people would request additional airstrikes.
Posted on 9/1/25 at 10:18 am to lsuconnman
quote:
If $50k of any material could be extracted from a tomahawk, those people would request additional airstrikes.
Are you aware of what happens to a Tomahawk missile after it hits a target?
Posted on 9/1/25 at 10:35 am to SPAGHETTI PLATE
I’m not a metallurgist, but I doubt the silver evaporates. And considering people scavenge cans, bottles, and wire, I can only imagine what the crowds at a strike sites looks like if people believed a 100lbs of silver was scattered amongst the wreckage.
Posted on 9/3/25 at 12:38 pm to LSUnation78
quote:.
Silver be 30 bucks an ounce in the year 2230
Silver is more than 25% higher than that today.
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