Don't see a particular trigger. Accumulated bad news and they are both climbing

A Trillion in New Debt Issued every 100 Days

I've been surprised they've stayed as low as they have these past two or three years. Prices of everything (read: dollar devaluation) has been going through the roof but metals haven't risen commensurately.

a guy who dabbles in the market told me 3 weeks ago to start buying gold

What is the Pelosi family doing?

I just read (W Post, of course) that rent increases are causing inflation. Typical.

Gold was ~$40/ounce in 1971 when Nixon closed the Gold window.

So the dollar has lost 98% of its value vs Gold over the ensuing 53 years.

Gold didn't change one bit. But the dollar sure did.

Imagine you were in a store in 1964 and bought $4 of stuff and paid with a $5 bill.

You had a choice to get a dollar bill in change, or 4 1964 quarters.

If you took the quarters, they are worth $19 today, because of their 90% Silver content.

The dollar bill would be worth....one dollar, not 19.

This, ladies and gentlemen, illustrates the difference between money and currency.

Zero interest in direct metals. I suspect some of my finds dabble there.

Physical ownership of metal carries no counterparty risk.

Your derivatives have more counterparty risk than you know...unless you are familiar with all the laws passed in the past decades that make you nothing more than an unsecured lender to those who are actually controlling the assets you have transferred to them.

If you have no idea what I am talking about, you might want to do some research pronto.

$2,254.80 per ounce at the moment.

The naked shorts must have gotten scared/squeezed.

And the Central Banks around the world keep dumping Treasuries and buying Gold.

Great news !

What percent of your net worth is held in metals?

Gold and silver have a static value. What has happened is the value of your dollar has decreased. .Gov can’t just print more and more of them without repercussions.

Chuck Woolery has an ad about when he was a game show host.
A contestant won $25,000. He was paid in cash. Had he been paid in gold, his winnings would have been worth ..... well, thousands (millions?) more!

There is no doubt, investing in au/ag is good idea!
Wish I had started YEARS ago!

What would it have been worth if he were paid in Google shares?

Day old Angus calves, 75 lbs. today brought 10.50@ lb., one weighed 95 lbs. and cost 10.00 lb.

So, using today's number of $2,254.80 per ounce, assume you bought $100 in gold on January 1, 1971. That would be 2.5 ounces at $40 an ounce. That would make the gold worth $5,637 today.

Now, if you put that same $100 into the S&P 500 index funds on January 1, 1971 and reinvested the dividends back into the S&P 500 index funds, you would have had $20,584.12 as of December 31, 2023. Source:
https://www.officialdata.org/us/stocks/s-p-500/1971 And the S&P 500 is up about 10% from January 1, 2024 to present, so you can add $2,000 to that number. The index has beat inflation by an average of 6.48% per year per the cited source.



Gold has the risk that people aren't going want it any more than dollars if the meltdown predicted by the doom and gloomers comes true. The true gold believers also appear to be operating under the beliefs that they would be masters of the universe in such a scenario and that the government and the 99.9% of the population that doesn't hold such assets are going to sit by and let that happen.

Awaiting his reply...

20%, but that number might not be right for someone younger, or say with a net worth less than $2mil. Lots of variables to consider.

I thought so.

Plenty of people have speculated in stocks, even the "good" stocks, and lost money. If the million I lost in oilfield stocks 10 years ago had been parked in Gold (with no fees or taxes eating away at it).....

And how many times in history has the world turned its collective back on Gold? What are central banks hoarding right now, at record levels, around the world?

Right....Gold.

You are an idiot if you lost money in a proper spread in equities, bonds and the like. I met with my Fidelity guy two days ago. The past year has been good. Keep chasing gold...

While I wouldn't know enough to address your particular situation, and hindsight is 20/20 for both of us, a relatively conservative strategy of broad based index funds and ETFs has historically been very lucrative compared to gold so long as one maintained enough liquidity to continue to hold during a downturn. That is investing, not speculation. My hindsight is that I lost opportunities by buying into the doom and gloom approach for longer than I should have. Fortunately, I figured it out before it was too late.

Now is a good time to own gold. Now is a good time to sell gold. Now is a terrible time to buy gold.

“The Dollar Sure Did “

And the “Faith” of the Dollar is about Destroyed..

If J. Rome cuts interest rates the countertrade which is underway in “Other Assets “ will Roar ..

I see a Commodity Super Cycle

Mr.Copper is Showing some Life

It will be anything but Holding Dollars

Oh the Stock Market will Burst Higher on the New Ink until Bond Yield's reach Nose Bleed Levels

Full Zimbabwean Zombieism

Gold has never been about growing money.

It's about maintaining wealth.

And had been used that way for eons by the wealthy.

Has nothing to do with gold, but I sold 4 head last month 2 cull cows and 2 calves. They sold high as a cat's back. One black white face bull calf about 1/8 Brahma 400 pounds brought $3.35 a pound or $1340. I was going to save back about 15 heifers this year. At these prices that will have to wait. Not sure how someone can pay $1340 for a sucking calf and make a profit.

As to gold, there is no way I would own paper gold or silver. There are ETFs that will sell you shares. Either take possession or maybe invest in gold and silver mining. Thief proof possession is the best bet and that doesn't mean a bank safety deposit box.

A 1964 dollar bill would be worth at least 10 bucks today.

A dollar spent in 1964 would compare to about a dime spent today, if that much.

Ladies and Gentlemen don’t fool Yourself it’s not Gold ..

It’s Oil Bitches..

How much oil can you hide in a secret location?

Are you saying day old calves brought $800 to $1000?

$750 here, without an argument. 800 lb steers 2K. Beef aint going down anytime soon.

Did you know that the Baby in the 1968 Movie
“ Rosemarys Baby “ was The Black Jesus.

Having said that if you don’t invest in the Jewish Game than you should stick with 5.56 and Gold
and Livestock..

Stay away from Fast Women is my only advice to You ..

Yep. The three roads to ruin . The love of chance, the love of the grape, and the love of the FLESH.

I don't know how many I've seen but it has been a bunch of otherwise intelligent and educated men brought down into bankruptcy and even suicide over these three. Sometimes all 3 in combination.

And young women have been the worst.

Whoaaaa..

Great news for those selling!

10k gallons...

HARD COMMODITIES... PHYSICALLY HELD.

Friend bought 1,850 pounds of new #1 bright copper flashing couple months back... It is up maybe 12%.

Gold is sniffing war