CORP/BIZ Silver and Gold...The General Precious Metals Thread

Just read an analysis on a site that can't be quoted here on the forum, but he believes the recent and ongoing smackdown in gold and silver has to do with the war with Iran, and more specifically, the closure of the Strait of Hormuz.

He thinks the Gulf states currently need to liquidate large portions of gold and silver because their normal cash flow derived from exporting oil and natural gas has dropped to zero.

Hadn't thought of that, but it kinda makes sense.
 
Since the Iran thing seems to be cooling... why is silver and gold going up?
I figured silver and gold would go up with war and down with peace?
The opposite has happened?
 
I agree with the above points submitted by mbabulldog and West. May I add two more factors that I follow.
The USD number. As it goes down PMs tend to rise. And my other factor I watch is the debt. I feel when this Iran thing ends and the financial numbers hit the public----->PMs "to the moon".
GGK :ld:

ETA Fuel prices will probably remain higher then the Pres wants----->higher PMs
 
Well the comment was about what goes down must go up...that was the first thing that popped to my mind. :shr: :)
 
This morning I noticed a gold advertisement on TV.
It looked like a tiny piece of gold dust/powder pressed into an ingot.
Price was just under $500.00/gram.
I see $200 deals on 1 gram gold right now.

To give the newbies a idea of a gram....

2d8b11f386c2b63c761240fc27da7c26.jpg

Common_gold_bar_sizes.jpg
 
Re: Bullion bars. I'm not going to say yea or nay on bullion bars, but I will offer some advice. Generally speaking, you can get more metal-per-Dollar with bullion bars than with any other precious metals product. That's the good news. The bad news is that the bullion bar market is rife with counterfeiters! Bullion bars are the easiest precious metals product to counterfeit. As knowledge of this becomes more widespread, bullion bar products will become more difficult to sell.

Personally, I do have a few bullion bars in my retirement stocks, but they are far and away the smallest component of those savings. I don't actively seek to buy them, but sometimes a seller will have an assortment of metals they want to liquidate and bullion bars will be part of the mix. Unlike most retail buyers, I have the ability to test metals. Most buyers do not.

As with anything you do with your money, be careful.

Best
Doc
 
how thick is that one gram of gold. can you bend it? just wondering
Sure. And if one was going to mutilate a piece of gold a one gram bar would be best for experience to get the feel for the shiny.

I have worked with gold and silver. In many ways, including prospecting it. Refining it and using it for jewelry repair or making rings out of 90% silver coins, one gains huge experiences.

Also testing the purity or kind of metals with common testing procedures like acid testing is also great experience.

As well as working with base metals and even working-welding heavy metals like tungsten, iron, steel, etc.. is great experience.

If you bend a 1 gram bar also peen it good with a hard peen hammer making a dent and sound. Huge experience. Then hammer it back down flat.

You might loose a small percentage in value from a dumb buyer that doesn't know gold is gold, or PMs is PMs. Its worth its weight even in natural forms. Purity will discount it as per the math.

ETA, if you do bend it a lot, when you flatten it back it will cause a weak point in the bar. Might even break a little. If you bend it over and over again it will break at the bend. Gold is vary malleable.



If you heat it up just below melting point, it may take many more bends before breaking. But eventually it will break, I imagine. All base metals and even silver I've cold bent over and over again to see it break while working with it.

Though I've never abused gold, so I'm assuming. Have hammered and bent gold, but never till it broke. Because well it's gold and if I needed to remove a piece of gold I've used cutters. And thin gold cuts nice.
 
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Silver American Eagle 1 oz Coin Pricing. Currently offering Silver American Eagle 1 oz Coins at $2.90 over spot per ounce for sealed boxes or $2.70 over spot per ounce for unsealed. This is the service and absolute value we offer our clients. If you are paying more than this or multiples of this you are being vastly overcharged. In addition look at the spot prices being offered by online dealers, very carefully. This is another profit center for dealers who artificially mark up the spot price to make the overall mark up seem less.
 
This is an article that is trying to sell you gold. So beware. But has some good info.

The dollar didn’t make you rich. It just made everything look more expensive.​

by Monetary Metals

That sounds like inflation, until you price it in gold.
In 1971, gold was fixed at $35/oz, the median home cost roughly 714 ounces of gold.
Today, with gold around $4,700/oz, the median home costs closer to 85 ounces.
In gold terms, housing hasn’t inflated. It has collapsed.
And homes may be only the beginning.
Measured in dollars, nearly everything appears more expensive over time:
Cars. Televisions. Clothing. Consumer electronics.
But measured in gold, many of those same goods have experienced massive deflation since the 1970s, even as their quality improved dramatically.
The average television in 1975 was a bulky wooden box with poor picture quality and a few channels. Today, a fraction of the gold once required buys a massive 4K screen connected to nearly infinite information.
Cars are safer, faster, cleaner, and more reliable.
Phones replaced cameras, maps, stereos, televisions, and computers, all while shrinking into your pocket.
This also raises another question: if gold measures value this effectively, why aren’t more investors putting it to work?
Measured in gold, modern life has become astonishingly affordable.
Why?
Because the supply of gold grows slowly, roughly 1–2% annually.
Meanwhile, the global supply of goods, services, technology, and productivity compounds exponentially.
Humanity becomes more efficient every year:
Better logistics.
Better automation.
Better manufacturing.
Better software.
Better energy use.
In a stable monetary system, that should naturally lead to falling prices over time.
In other words: deflation.
Not depression.
Not collapse.
Abundance.
But modern economies are built on expanding debt and expanding currency supply. The financial system depends on perpetual monetary growth, which means the measuring unit itself--fiat currency--constantly changes.
So instead of prices falling alongside rising productivity, currencies lose purchasing power faster than goods become cheaper to produce.
The result?
Everything looks more expensive in dollars even while becoming cheaper in real terms.
That realization changes the way investors think about gold.
Because gold preserves purchasing power while fiat currencies steadily lose it, gold should not sit idle in a vault accumulating storage costs.
Historically, it didn’t.
Gold once circulated through the economy. It financed trade. It functioned as productive capital.
That idea has returned.
Through Monetary Metals’ Gold Leasing, investors can put their gold to productive use in the real economy and earn a yield on it, paid in more gold.
Instead of watching storage fees slowly reduce ounces over time, gold holders can increase the amount of gold they own through productive leasing arrangements.

In other words, gold may not only preserve purchasing power. It can help grow it.
And that matters because gold exposes an uncomfortable truth about the modern financial system.
Gold itself isn’t someone else’s liability.
It doesn’t require a central bank.
It doesn’t depend on government debt markets.
It simply measures purchasing power across time.
And what it reveals is uncomfortable:
The world may not actually be getting more expensive. The currency may simply be getting weaker.
That distinction matters for investors.
Because most people evaluate wealth in nominal terms:
Bigger portfolio balances.
Higher home prices.
Rising stock indexes.
But if the unit being measured is constantly depreciating, are those gains entirely real?
Gold forces a different perspective.
It asks investors to stop measuring wealth purely in dollars and start measuring what their savings can actually buy.
Because once investors realize the real story since 1971 may be currency debasement rather than true inflation, gold stops looking like a relic.
It starts looking like a measuring stick.
And perhaps the clearest one we have left.

 
This silver price move is unusual. The dollar is firming up, treasury yields are moving up, and the price of oil is up another few bucks on Mideast uncertainty. All of these moves would normally pressure silver prices, but silver is rocking this morning, up 5%-6%. Gold is basically flat and the GSR is taking a dive into the mid 50's. This isn't normal trading, something's up.
 
This silver price move is unusual. The dollar is firming up, treasury yields are moving up, and the price of oil is up another few bucks on Mideast uncertainty. All of these moves would normally pressure silver prices, but silver is rocking this morning, up 5%-6%. Gold is basically flat and the GSR is taking a dive into the mid 50's. This isn't normal trading, something's up.
Possibly silver a bit oversold.
 
This is an article that is trying to sell you gold. So beware. But has some good info.

The dollar didn’t make you rich. It just made everything look more expensive.​

by Monetary Metals

That sounds like inflation, until you price it in gold.
In 1971, gold was fixed at $35/oz, the median home cost roughly 714 ounces of gold.
Today, with gold around $4,700/oz, the median home costs closer to 85 ounces.
In gold terms, housing hasn’t inflated. It has collapsed.
And homes may be only the beginning.
Measured in dollars, nearly everything appears more expensive over time:
Cars. Televisions. Clothing. Consumer electronics.
But measured in gold, many of those same goods have experienced massive deflation since the 1970s, even as their quality improved dramatically.
The average television in 1975 was a bulky wooden box with poor picture quality and a few channels. Today, a fraction of the gold once required buys a massive 4K screen connected to nearly infinite information.
Cars are safer, faster, cleaner, and more reliable.
Phones replaced cameras, maps, stereos, televisions, and computers, all while shrinking into your pocket.
This also raises another question: if gold measures value this effectively, why aren’t more investors putting it to work?
Measured in gold, modern life has become astonishingly affordable.
Why?
Because the supply of gold grows slowly, roughly 1–2% annually.
Meanwhile, the global supply of goods, services, technology, and productivity compounds exponentially.
Humanity becomes more efficient every year:
Better logistics.
Better automation.
Better manufacturing.
Better software.
Better energy use.
In a stable monetary system, that should naturally lead to falling prices over time.
In other words: deflation.
Not depression.
Not collapse.
Abundance.
But modern economies are built on expanding debt and expanding currency supply. The financial system depends on perpetual monetary growth, which means the measuring unit itself--fiat currency--constantly changes.
So instead of prices falling alongside rising productivity, currencies lose purchasing power faster than goods become cheaper to produce.
The result?
Everything looks more expensive in dollars even while becoming cheaper in real terms.
That realization changes the way investors think about gold.
Because gold preserves purchasing power while fiat currencies steadily lose it, gold should not sit idle in a vault accumulating storage costs.
Historically, it didn’t.
Gold once circulated through the economy. It financed trade. It functioned as productive capital.
That idea has returned.
Through Monetary Metals’ Gold Leasing, investors can put their gold to productive use in the real economy and earn a yield on it, paid in more gold.
Instead of watching storage fees slowly reduce ounces over time, gold holders can increase the amount of gold they own through productive leasing arrangements.

In other words, gold may not only preserve purchasing power. It can help grow it.
And that matters because gold exposes an uncomfortable truth about the modern financial system.
Gold itself isn’t someone else’s liability.
It doesn’t require a central bank.
It doesn’t depend on government debt markets.
It simply measures purchasing power across time.
And what it reveals is uncomfortable:
The world may not actually be getting more expensive. The currency may simply be getting weaker.
That distinction matters for investors.
Because most people evaluate wealth in nominal terms:
Bigger portfolio balances.
Higher home prices.
Rising stock indexes.
But if the unit being measured is constantly depreciating, are those gains entirely real?
Gold forces a different perspective.
It asks investors to stop measuring wealth purely in dollars and start measuring what their savings can actually buy.
Because once investors realize the real story since 1971 may be currency debasement rather than true inflation, gold stops looking like a relic.
It starts looking like a measuring stick.
And perhaps the clearest one we have left.

It's a pretty comprehensive post, and I can not find any un-true things in it. thanks for sharing!

The omission?

The insane money supply generated by the deep state so they could steal more of it via foreign aid (Graft) and domestic money laundering. (Quality Learing center)

THAT is what has cut the legs out from under the dollar.

Here's the federal reserve chart for the M1 money supply in 2024
1778515850474.png
Kinda hard to miss the enormous spike the biden handlers did, isn't it?

I'm gonna keep stacking, me.
 
I wonder if silver will hit $100 again? I was very surprised to see it be at nearly $87 this afternoon. I read the paper contracts are losing favor and not many have been written in May.
Remember boys and girls. War is good for America. We need to replace our munitions stockpiles and silver is in huge demand to make missiles, rockets, and warp drives.
 
I wonder if silver will hit $100 again? I was very surprised to see it be at nearly $87 this afternoon. I read the paper contracts are losing favor and not many have been written in May.
Remember boys and girls. War is good for America. We need to replace our munitions stockpiles and silver is in huge demand to make missiles, rockets, and warp drives.

Some physical silver is already over $100/oz, and even some of the generic is running $9-$10 over spot. APMEX
 
I just checked Apmex and Canadian silver Maple Leafs are $102. These cost more than American silver eagles. There must be a real shortage of CML for these to get priced so high.
I have notread if there is a real shortage from the mints. Does anyone know the current situation for getting product from the American and Canadian mints?
 
I wonder if silver will hit $100 again? I was very surprised to see it be at nearly $87 this afternoon. I read the paper contracts are losing favor and not many have been written in May.
Remember boys and girls. War is good for America. We need to replace our munitions stockpiles and silver is in huge demand to make missiles, rockets, and warp drives.
Many very good posts on this thread so let's look into the future. Markets are always about 90 days ahead of what's coming.

The national debt hit 39 trillion on March 12th and expected to hit $40 trillion about 6 months later in October. I say it's earlier than that. Probably late August/early September.

I say it propels silver just over $100/oz and will stay there permanently because there are so many industrial uses for it.

I'll say that $40 trillion in debt. is a psychological blow that causes the economy to begin to break.
 
Just my take FWIW: When silver briefly hit $120 in January my equities were up significantly. I didn't sell anything, as those are long term investments and I honestly expect silver to go much higher. There are just too many factors in silver's favor and too many negatives attached to the US Dollar. Anyway, when it comes to stocks I have horrible market timing. It would've been just my luck to sell my stocks at the recent highs, with the idea to repurchase them when they declined, only to see them continue to rise without me getting a good re-entry price.

Like I said, I've had terrible market timing with my equities; I've done much better with physical metal. Additionally, I see my equities as very much long term assets. Watch the silver market. Tonight it was up into the mid $80s, up from its recent lows in the lower $60s.

Oh, another thing. I have warned TB2Kers about buying any metal from China. I think the rest of the world is finally getting clued-in, because now - finally - I'm seeing eBay silver listings from China getting much lower prices than silver originating from US sellers. Even US sellers can't be trusted, as I've seen Chinese sellers simply using a US account to sell their crappy counterfeits! If you want to buy any metal on eBay, stick with the reputable US dealers on that site.

Best
Doc
 
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