General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsSOMETHING is going on in the market. Re: precious metals.
Silver has breached $80.00 an ounce, and it's expected to keep rising.
I know that China is halting exports of silver on 1/1/26 I believe, but I'm not convinced that this is the entire cause for this huge rise...
Gold is at about $4,550.
I don't know if some of this has to do with metals as perceived flight to safety, or what...
hlthe2b
(112,677 posts)LuckyCharms
(21,519 posts)and this sudden price rise is freaking me out a little.
Then, look at the way bitcoin is being whipsawed.
Smells like crime and manipulation...
I think AI speculation is the only thing propping up stocks... I think we might be in for a hard crash.
anciano
(2,173 posts)Highly likely, the current "tulip mania" cannot realistically continue much longer.
Melon
(1,004 posts)It may continue depending on demand versus industrial supply and will certainly set a new price floor. The issue with gold and silver is that the market is full of scammers and price pumpers at all times.
LuckyCharms
(21,519 posts)A lot of mine was passed down, and it holds sentimental value.
marble falls
(70,638 posts)... the type of jewelry people in SE Asia buy as a savings account, and boy has it increased in value. Less than $40/oz back then!
But the good stuff, we're holding onto. Some "savings account stuff" we've sold for melt to get a modern piece. We do have a serious safe. It would two guys and a jackhammer to get it out.
1
LuckyCharms
(21,519 posts)Going out to rent a jack hammer and find another guy.
Katcat
(529 posts)Im on the way!
marble falls
(70,638 posts)marble falls
(70,638 posts)LuckyCharms
(21,519 posts)Dan
(4,932 posts)Melon
(1,004 posts)marble falls
(70,638 posts)... magic marker putting zeros after the denominations of currency.
Melon
(1,004 posts)We need deflation which only comes with rough times.
Bev54
(13,161 posts)dollar. It is a new world order in which the US is being left out.
Bluetus
(2,232 posts)Traditionally this was compared to the pound sterling, EQ, or one of the lesser currencies. That is changing and nobody seems to even notice.
THere are about $2.4 trillion of dollars in circulation. There is about $3 trillion of crypto in circulation. OK, nobody is buying their groceries with Bitcoin and most car dealers don't take crypto. But it is functioning as a real currency, enabling some of the biggest deals that are happening. And the stuff is literally conjured out of thin air.
Generally speaking, the crypto kiddies have never made anything real in their lives. They don't make cars or refrigerators. They mostly don't even make much software, and the software they do create keeps losing track of billions of dollars worth of coin. But they don't care. They can just create more.
If you thought it was insane to allow a few Federal Reserve banksters to control all our money, well this is even worse.
I don't know where this all leads, but it is clear that our lawmakers don't understand it, or maybe they just don't care, because they will happily take "campaign contributions" in any crypto you want to use.
Melon
(1,004 posts)Demand of industrial silver is outstripping supply. People have fled to gold and silver as a safe-haven. The availability of industrial silver is below what is required for next generation memory and gpu demand. The price is skyrocketing but the smelters are now not buying due to the price plus supply as everyone is selling. Well see what happens Monday in the market.
LuckyCharms
(21,519 posts)industrial applications. I'm just now starting to read about this...
Melon
(1,004 posts)Silver I own plus its impact on tech stocks. Ill look into graphene. During periods of uncertainty, investments tend to flow into stable markets like heavy metals, plus the uptick in AI. Silver can just as easily fall quickly. Extreme price run ups in anything dont tend to end well.
lastlib
(27,468 posts)1979-1980. Two sons of the late oil magnate H.L. Hunt made an attempt to corner the silver market by buying futures contracts and taking delivery when the contracts expired. When the supply of physical silver dried up due to their manipulation, their scheme caught the attention of regulators, who stepped in to limit futures contracts, causing the Hunts' scheme to collapse. Consequently, they were forced to sell their holdings at huge losses, and eventually were forced into bankruptcy (although they nevertheless came out of it quite wealthy anyway). I think one (maybe both) of them was convicted of fraud for the scheme, fined millions of dineros, and banned from the commodities markets. It was quite a scandal, and led Congress and regulators to write some new rules.
ProfessorGAC
(75,749 posts)As demand goes up, the cost efficiency of making graphene should improve substantially.
It's a highly energy intensive process so it will never be "cheap" but as it's possible to make to meet demand, unlike mined metals, the supply of which is finite). It will likely always be cheaper than silver, until enough graphebe is used to greatly lower demand for silver.
Graphene not only has better conductivity, but electrons actually flow through it faster than metal wires.
Every little bit of speed is probably a big deal to the tech manufacturers.
madville
(7,837 posts)New battery tech is using more silver, especially in China. Some of the new solid state battery tech is also dependent on silver, some using around a kilogram of silver for each 100kwh of battery capacity.
LogDog75
(1,067 posts)Gold and silver prices are increasing due to the following:
Investors are moving money into gold as a safe haven rather than in currencies that are flat.
Softer monetary policies such as rate cutes .
Central banks are buying more gold
https://www.cbsnews.com/news/gold-price-silver-whats-behind-the-surge/
I don't own gold or invest in it. The only silver I have is in the form of coins I collected when I was a teenager through my 30s. I don't consider them an investment because I just like the look and feel of them. For me, investing in precious metals is too risky because any change in the geopolitical landscape can spike or crash the precious metals very quickly.
LuckyCharms
(21,519 posts)mainly as an inflation hedge.
doc03
(38,799 posts)Tesla and his space program "silver". Seems like self serving advise. to me.
applegrove
(130,048 posts)of dollars or more it makes more sense to buy gold at $4500.00
LuckyCharms
(21,519 posts)Personally, i don't touch crypto.
There's something to be said for investing in something you can hold in your hand. Something physical that you can touch, physical metals.
I don't like "paper" gold or silver. ie: stocks that give you shares in metals that you hold only electronically.
Can't even get a stock certificate these days for the stocks you own without paying for the cert and jumping through hoops. It's all electronic, and it's all manipulated.
Iwasthere
(3,485 posts)There will only be 21,000,000 bitcoin EVER! We are at over 19,000,000 mined right now. I started buying btc when it was $9000. I'm at 10x my money. I avoid all the wierd coins and cryptos. Bitcoins the one. Better than gold.
Melon
(1,004 posts)Jack Valentino
(4,289 posts)so it isn't merely an economic speculative vehicle--- but does have a rarity.
From my non-professional observation, it may be an an even better bet than gold...
I hope to be able to invest a little in silver ETFs in the coming year,
with perhaps a little in gold ETFs as well...
LuckyCharms
(21,519 posts)Silver eagles...
90% junk coins, 1964 and earlier
Bars and rounds...
That's what I do. I like the whole collectability aspect of it mostly.
catchnrelease
(2,130 posts)He likes collecting, searching for what he's missing, trading etc. I think he said it's the Morgan silver dollars that are his 'thing'. And I know he's sold off a bunch of his less desirable stuff and converted into bars. But he's put together some pretty nice collections over the years. Back in the early 2000s he sold off almost all of what he'd collected to pay for some huge medical bills. (He had no insurance then and didn't know he was eligible for care at the VA) Then in recent years he's gotten back into it but on a much smaller scale. I know he's spent a lot of time in the 'stacker' community online.
Jack Valentino
(4,289 posts)when I still had a car running, and it had reached a high price (I thought)
which was about one-third of THIS high--- LOL I kick myself,
but I had no other choice at the time....
So now, when I have no owned transportation,
the ETFs would seem a better option to purchase any position in silver
(and more based upon the spot price, without premiums for physical ownership)
lastlib
(27,468 posts)Both metals are very good electrical conductors. You can look at any plug-n-play computer component and see gold contacts.
madville
(7,837 posts)New battery tech is using more silver, especially in China. Some of the new solid state battery tech is also dependent on silver, some using around a kilogram of silver for each 100kwh of battery capacity.
ret5hd
(22,153 posts)this rise in the price of gold is despite the fact that Russia has sold China almost $2 billion (with a b) worth of gold in the last couple months...and that is just what has been reported. more than that is suspected.
so, despite the fact that Russia essentially dumping gold on the market (yes, I realize these sales aren't exactly "on the market", but they are filling a market that presumably would have been filled from other sources)...gold has gone from about $2600/oz to $4500/oz in about a year. Who knows what it may have been without these sales.
An aside: it seems to me China is hoarding gold for a big economic collapse. But that is an uneducated opinion.
Silver from about $30 to $80 in the same timeframe, but silver looks MUCH more parabolic in this one year timeframe, so I kinda think silver may "crash" back down to $50 or so.
anyway, just some idle thoughts.
LuckyCharms
(21,519 posts)This reduces worldwide supply, while demand remains status quo, or increases. Hence, it's at least a contributor to the price rise.
I haven't been following gold too much, but I'm going to research what China is doing with that...
doc03
(38,799 posts)double #2 China. Will Trump want take over Mexico next?
UpInArms
(53,995 posts)Looking ahead to 2026, Schiff characterized $100 silver as a very realistic target, adding that prices could move higher if monetary instability accelerates. He also expects gold to reach at least $5,000, noting that silvers growth often signals deeper stress in the financial system.
LuckyCharms
(21,519 posts)Meaning...that once silver broke a certain suppressed price resistance, it's off to the races.
superpatriotman
(6,799 posts)It's too late
LuckyCharms
(21,519 posts)But I've been watching it every morning for decades, so I've been aware, but I'm too poor to buy more!
ret5hd
(22,153 posts)I read something a long time ago that has always stuck with me. I will paraphrase:
Gold is NOT a way to get rich.
Gold is a way to move a portion of your wealth from one side of an economic crises to the other side. That is all.
That is why I believe in holding ones gold/silver unless you have a real need for it like RIGHT NOW. If you die holding gold/silver/etc, pass it on to whoever with the above advice.
LuckyCharms
(21,519 posts)Vinca
(53,262 posts)now might be a good time. Sadly, I cashed in the gold stash during a previous high. If anyone wonders, it's stuff I picked up at yard sales and found in a recycling shed at the town dump so it's not like I have a pile of Tiffany jewelry laying around the house.
marble falls
(70,638 posts)Last edited Sun Dec 28, 2025, 07:49 PM - Edit history (1)
Melon
(1,004 posts)multigraincracker
(36,882 posts)Like 2008.
RetiredParatrooper
(63 posts)I own my house outright. Even if the value of it dropped to $1, I still have a place to live.
As a side note, I keep getting calls and texts asking me to sell it. I tell them $10 million, cash, or FO. Strangely, I stop hearing from them after that.
multigraincracker
(36,882 posts)ashredux
(2,850 posts)Cant tell you a date or time, but its coming
flamingdem
(40,783 posts)Very odd.
Mosby
(19,218 posts)And putting it in precious metals.
flamingdem
(40,783 posts)but would take a loss.
yourout
(8,716 posts)Stash Wealth in a more stable place.
LuckyCharms
(21,519 posts)And they either pump it or dump it, depending on their needs at the current time.
doc03
(38,799 posts)and passing it down to the next generation.
Response to doc03 (Reply #45)
Mosby This message was self-deleted by its author.
madville
(7,837 posts)And its projected to increase greatly as more new technologies use more silver and more and more large batteries are needed, especially in China.
Mosby
(19,218 posts)$15.29 increase in one week. 46% in one month. This is nuts.
The melt value of a single morgan dollar is $64, this is really changing the collectors markets.
You can buy 2025 proof Morgans and peace dollars for $95 right from the mint, couple more weeks of this and the melt value will be the same or more than the retail coin price.
Eta a mercury dime is worth $6 melt. Jesus.
LuckyCharms
(21,519 posts)I have rolls and rolls of mercury and Barber dimes.
Morgans, Peace dollars, Franklins, and Barber coins of all denominations. Some have numismatic value as well, but most don't.
SamuelTheThird
(571 posts)Melon
(1,004 posts)Thats the mystery. People are buying more, but its the industrial usage of silver driving this. 70% of silver is used in industrial applications. China stopping shipping silver because their demand exceeds their production. The US needs to declare silver as strategic as well, or we will be short for chips, batteries and solar production.