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re: Are there any precious metal gurus in here?

Posted on 9/3/25 at 4:36 pm to
Posted by cadillacattack
the ATL
Member since May 2020
9461 posts
Posted on 9/3/25 at 4:36 pm to
Silver $41:30 / oz

Gold. $3,619.70 / oz
Posted by TDFreak
Coast to Coast - L.A. to Chicago
Member since Dec 2009
8855 posts
Posted on 9/3/25 at 5:23 pm to
quote:

Any idea if an event or reckoning will happen that will thrust this notion to make it climb to near 500?
Yeah…complete destruction of the US dollar.
Posted by OccamsStubble
Member since Aug 2019
8769 posts
Posted on 9/4/25 at 7:57 am to
quote:

quote:Any idea if an event or reckoning will happen that will thrust this notion to make it climb to near 500?Yeah…complete destruction of the US dollar.


It could be something as simple as dissociating paper gold contracts - a contract that says you own gold that is still in the ground but hasn’t been mined yet and may or may not exist - with physical gold. They are currently priced the same.

It’s estimated that for every ounce of gold held by people, 400 ounces of gold contracts are held. That’s quite an imbalance, and if the price of real and phantom gold are dissociated, how could real NOT go up?
Posted by TDFreak
Coast to Coast - L.A. to Chicago
Member since Dec 2009
8855 posts
Posted on 9/4/25 at 8:52 am to
quote:

It’s estimated that for every ounce of gold held by people, 400 ounces of gold contracts are held. That’s quite an imbalance, and if the price of real and phantom gold are dissociated, how could real NOT go up?
I’d love that. I have physical silver bullion. Gimme some $500/OzT and I’m out!
Posted by GREENHEAD22
Member since Nov 2009
20502 posts
Posted on 9/4/25 at 11:19 pm to
I am getting a little nervous of this market, thinking of pulling out of some positions.

I would like to move some in metals but you would not go contracts for a metals ETF?
Posted by OccamsStubble
Member since Aug 2019
8769 posts
Posted on 9/5/25 at 6:04 am to
If you are long, why not buy some gold or silver and hold it as a hedge against inflation? Storage costs are negligible, if you trust your bank security. 40$/year buys a safe deposit box that holds more than 2M in gold.

Inflation can’t NOT happen as long as we keep collecting 5T / year in revenue, and spending 7T / year, and printing the difference. Physical gold is the finger to people running our government that don’t give a schitt about fiscal responsibility.

It’s math, you can’t take water out of just one end of the pool.
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