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Pushing $2,300.00 and silver just topped $27.00.

We'll have to make do with copper..............

My silver mining ETFs are up over 3.5% already today, GDX (gold miners ETF) 1.36%. Silver is catching up. At least in the mining sector. For some reason PPLT (platinum) has been lagging for a while at less than 1/2 the price of gold.

I should have dumped my Palladium when it was $3,000.00 and oz back in March of 2022.

The reason silver does not have the growth as does Gold, is there is not a lot of commercial use.

Tell that to the manufacturers of virtually every electrical relay in the world- - - - -they use thousands of pounds of silver for high current applications like motor starters and other low resistance curcuit components. Silver is the world's best electrical conductor.

You must be joking.

And the most light reflective metal.

I thought that was the case when I read his response. Also does not platinum have commercial use in catalytic converters?

Yep, it's limited to use in cellphones, TV's, solar panels, weapons guidance systems, electric motors, components that require highly reflective surfaces, EV's and just about every electronic device that you can imagine. Most of that silver isn't recycled due to the cost of recycling versus the current value of silver.

Sooooooooo, I guess your statement is incorrect.

Just saying.

Catalytic converters use Platinum and Palladium- - - - -that's why crackheads with sawzalls like them so well.

I cashed in an ounce of gold a few months ago at $2030. I figured it would cycle back down to the 1800s range as it's done the last few years. I wish I would have held onto it but at least I was able to buy a bunch more bullets while a local shop was selling them at half off. Traded gold for copper and lead.

I'm also wishing I would have bought more 1 ounce gold coins. I focused on smaller fractional stuff because I was buying it as insurance against a currency collapse. I paid higher premiums to get smaller pieces but the shops do t want to give higher premiums when buying it back. If I sell some of my smaller stuff I'll have to sell it to individuals to get any of my premium back.

Shops that were charging me a 16-18% premium on 1/10th ounce eagles and 6% premium on 1 ounce eagles now are buying both at about spot. They want to give me $230 for a 1/10th but they are selling them at over $270. They're hedging against a sudden drop.

I usually keep $50k in an emergency fund in an online savings but it's dropped below that lately thanks to lots of vacations, bidens inflation, and too many good deals on guns. The wife was getting after me for buying gold the last few years instead of getting the emergency fund back up but I'm feeling better about my gold purchases right now. One 100 gram combibar I bought for $5600 about 2 years ago is now selling for around $8000.

Bb

Gold topped 2300.00, currently 2306.00

Silver at 27.18

All you slackers better run out and get youself some.

Yep, that'll just make our sheit go up some more. 😁

China is supposed to be paying more than spot for “physical” gold. The information that I have been hearing is that silver and gold etf’s are over leveraged to the tune of about 95%. China’s pressure on the physical gold market has had a definite effect on the price structure of the London spot price for gold. Silver has not kept pace because it is a lot more spacious than gold. Shipping gold from Europe to the orient is a lot simpler. When the buyers in the Far East are finished buying physical it stands to reason that the vaults will be emptied in one part of the world and filled in the other. The good news is that the buyers of paper gold assets will still be able to hold on to their paper, no one is coming to take that from them. Happy times ahead👍.

Ps, do some research on this information and also brics currency. Let us know what interesting facts you turn up.

My humble opinion, FWIW. No way in hell will I hold gold or silver certificates. They are worth the paper they are written on.

Hope so, I have a chit load of junk silver.

"Silver is the world's best electrical conductor."

I'm pretty sure gold is the best conductor. I used to work for a small group of electrical engineers in the early 60's that created and built components for NASA satellites. All the electrical contacts had to be gold plated and we did it in our small shop. When I put computer jacks in my house over 20 years ago the gold plated ones were on sale at a fairly reasonable price at Lowes. They were on sale because they were so expensive nobody was buying them.