Gold and Silver prices predictions Up/Down?

[BioCRN]

I want to preface this by saying this is not politics, though political decisions are why we're going through this thing right now...this is non-editorialized fact...

I went from a stock/bonds mix to a stock/metals mix shortly after the US election because of the promise by the US president to disrupt the world economic balance.

It's not just US debt (and therefore interest in bonds) that's on the table with a massive tariff-the-world strategy from the world's largest consumer...this is almost every country's debt on the line.

Even a small amount of people getting sketchy about bonds (or currency) and moving toward metals has a large effect when it's a good chunk of the world doing it rather than a small amount of nations.

I've got investments in everything from gold to silver to copper to aluminum...not physical stuff, but ETFs and Mutual Funds that taps into all aspects of holding, mining, discovery, etc...

As far as the ceiling...holy crap, no idea. I wouldn't have guessed things would have gotten this crazy this quickly and for the first time I'm not afraid of exiting too late...I'm scared to exit too early.

Gold has seen 1/3rd of it's historic value realized in 10 months. That is not normal...at all.

In the meantime I'm enjoying the ride and it's the best chunk of change I've made since COVID era investing in oil/gas ups and downs from China shutting down and reopening.

[icurnmedic]

I personally feel like silver is still too low. Ive been and continue to buy when I can. Gold, yea I still buy also but over the years my profits on silver have outpaced the same expenditures on gold.

[bnorth]

I would think with the vast amounts of it available it would be worth WAY less than it is. I have no idea how pricing actually works as they are like diamonds and the amount available has little to do with value/pricing.

[Balticfox]

Originally Posted by bnorth

I would think with the vast amounts of it available it would be worth WAY less than it is. I have no idea how pricing actually works as they are like diamonds and the amount available has little to do with value/pricing.

True. But the counter argument is that fiat paper currencies have, will and must continue to be debased. This means that the price of alternate currencies, e.g. gold and silver, not subject to government debasement must continue to rise in terms of fiat paper currencies.

But then again how many pounds of copper, pounds of butter, dozens of eggs, pounds of coffee, bushels of wheat or corn, whatever, did the $20.67 price of a troy ounce of gold buy in 1920? If the same calculations are done today, gold has appreciated leagues more in price than any of these other commodities/goods.

But I'm not making any predictions. I don't know and I'm not willing to even hazard a guess. Markets aren't rational. They just "are".

[steve B]

I was surprised when my brother told me Gold was higher than Platinum. It was almost always the other way around

It was also typical that whenever there's crazy stuff going on with any major country Gold increases.

[BioCRN]

Originally Posted by steve B

I was surprised when my brother told me Gold was higher than Platinum. It was almost always the other way around

It was also typical that whenever there's crazy stuff going on with any major country Gold increases.

Aside from the reason I decided to enter the market above, there's many forces pushing on gold right now.

A big one is China is maneuvering to bolster their economy by storing gold and it's assumed they want to further open a system for other countries to have and store (in China) part of their central bank gold stores without actually having to purchase, move, and store gold locally in their countries. China is a much more safe and stable place than some countries, and they also mine a hell of a lot of it domestically.

We could dive deeper into other things, too, but the US disrupting the world economy and it's impact on world debt/currencies/etc...and China suddenly snapping up a lot of gold in what some assume is an expansion of their foothold in the world economy are heavy players.

What gold has done in the past 10 months is alarmingly not natural to the way the world economy should work.

To all of us profiting on it, and got out in front of it...salute, and enjoy your market exit whenever you choose to cash it in.