Price of gold is crazy...

[CASPER-2]

$3343 as of 7pm - 6/9
but silver been going up crazy too - $36.92
I sold small handful couple of months ago got like $2600 an oz for gold
and like $28 an oz for silver
Wish i had waited

 

[pepperj]

LAUGHING OUT LOUD!
This morning was checking out the threads, let me see what precious metals are up to, so clicked on page 4 of this thread and saw this post. It takes me a while in the morning to fully wake up and I temporarily thought this was a current post being at the top of pg 4. Awake now⏰
Although thread started a bit over 3 months ago, not that long a time at all

 

[Johnnybravo300]

Im thinking I might be able to retire early haha.

 

[UnderMiner]

You guys already sold months ago?! Oof! Adjusted for inflation, even at $72 per oz, silver hasn't even reached its 1980 high yet.

 

[Phil]

At $1000 an ounce, experts said gold was going back to $500

At $2000 an ounce, experts said gold was a horrible investment, and the price spike was an anomaly.

At $4500 an ounce, those same experts are saying BUY GOLD! and it's going to $5000 an ounce in 2026.

So...........Gold is going to crash to $500 an ounce next year. LOL

 

[pepperj]

I'll be 68 next month, so rolling my 401K's over to gold/silver was a retirement play, as I'm old enough to be able to take disbursements of my gold/silver anytime I want. But I'm not planning on doing that anytime soon as the gold/silver markets are getting ready to explode. Watch silver. It's getting very close to $38/oz, and once it hits $38/oz, it's going to take off like a rocket. When I did my first 401K roll over, the strike price for the silver I bought was at $19/oz, so it's almost doubled, But I think that's nothing compared to the potential and where silver will be heading. The next year or two will be very interesting.

In my case, I've never really trusted the stock market, and with most companies 401K's, they'll typically put all the money you invest into stocks. During the financial turndown around 2008 - 2010 timeframe, I had moved the $ in my 401K at that time from stocks over to bonds when I started losing $, as they were much safer than stocks. I heard horror stories back then of people losing 50% of the value of their 401K's. Some lost even more, and some people lost everything they had saved for retirement. Luckily, I only lost about $1,600 during the financial downturn, because I quickly moved my $ from stocks over to bonds as soon as I started seeing the value drop and heard about others losing their shirts.

I didn't know about precious metals back then, the only choices I was aware of with a 401K was to put it either in stocks, or they may have offered just a couple bonds you could invest in. It's interesting, 401K's never seem to offer people the option of investing in precious metals, which have always been a safe bet, they always want to tie you into stocks or sometimes bonds.

So let me get this right.
You posted this up 6 months ago.
You stated that your $19 silver had just about doubled.
Now that double has just about doubled.
Sugar high-heck no! That's a silver high.

 

[pepperj]

You guys already sold months ago?! Oof! Adjusted for inflation, even at $72 per oz, silver hasn't even reached its 1980 high yet.

Apples and Oranges basically as the 1980 was manipulation by the Hunt brothers.

This one is driven by a few factors demand and delivery of the actual metal.
Countries like China are the big dog in the game
China accounts for
approximately 11% of global silver reserves and is the world's second-largest annual producer. However, its control is more complex, as it dominates the downstream industrial supply chain and is a massive global consumer of the metal.

Market Influence and Control
While not holding the majority of the world's unmined silver, China exerts significant influence through its market activity:

• Processing Hub: China is a major processing center for silver bullion, which is often extracted as a by-product of base metal mining (copper, lead, and zinc). This positions it as a key supplier to other nations, especially India.
• Market Power: Activity on the Shanghai Futures Exchange (SHFE) and the Shanghai Gold Exchange (SGE) accounts for a large portion of global turnover in silver futures. Some reports suggest that the Chinese government's market management allows its domestic markets to pay higher prices, effectively helping it "slurp up global supply" from other producing countries.
• Export Controls: China has recently implemented export controls on various critical minerals, which has led to speculation and market concerns about potential future restrictions on silver exports, which could significantly impact global prices and supply.

In summary, China's "control" stems less from owning the majority of the world's physical reserves and more from its dominant role in the refining, manufacturing, and consumption of silver within the global supply chain.

 

[UnderMiner]

So let me get this right.
You posted this up 6 months ago.
You stated that your $19 silver had just about doubled.
Now that double has just about doubled.
Sugar high-heck no! That's a silver high.

He was selling right when he felt it was right, nobody ever gets it right. We could see the price crash to $20 tomorrow for no reason at all just like what happened in 1980. Many people who got out early back then ended up making way more than those who rode the wave only to lose more than they had started with.

 

[pepperj]

He was selling right when he felt it was right, nobody ever gets it right. We could see the price crash to $20 tomorrow for no reason at all just like what happened in 1980. Many people who got out early back then ended up making way more than those who rode the wave only to lose more than they had started with.

Like I stated before the 1980 and this event is different.
1980 was
If the supply doesn't meet demand then there's a price increase.

Read and think about this explanation between the 2 events. I would be interested in hearing any input on why this explanation could be flawed.

The three main reasons for the difference between the 1980 silver increase and crash and today's increase are
market manipulation vs. genuine demand, the use of extreme leverage vs. structural investment, and regulatory intervention vs. market fundamentals.

1. Market Manipulation vs. Genuine Industrial Demand

• 1980 Increase and Crash: The price surge to over $50 per ounce was primarily an artificial spike caused by the Hunt brothers' deliberate attempt to corner the market. They accumulated a massive portion (an estimated one-third) of the world's privately held silver supply, creating an artificial scarcity to drive up prices. The subsequent crash was a result of this speculative bubble bursting.
• Today's Increase: Today's rally is largely driven by genuine, fundamental demand, particularly from industrial applications. Silver is a critical component in technology and the green energy transition (e.g., solar panels, electronics), and this high physical demand is outpacing supply, creating a structural market deficit.

2. Use of Extreme Leverage vs. Structural Investment

• 1980 Increase and Crash: The Hunt brothers financed their massive purchases using substantial amounts of borrowed money (leverage) and futures contracts. When the price began to fall, they could not meet their margin calls, forcing a rapid, massive liquidation of their holdings that caused the market to crash on "Silver Thursday".
• Today's Increase: The current market is not characterized by the same level of concentrated, highly leveraged speculative buying. While speculation exists, the increase is more a revaluation based on a broad range of factors, including investment demand for physical silver and ETFs, inflation pressures, and supply constraints. The market is considered less overheated by comparison to the 1980 spike.

3. Regulatory Intervention vs. Market Fundamentals

• 1980 Increase and Crash: The government and commodity exchanges intervened directly to stop the market manipulation. The COMEX introduced "Silver Rule 7", which restricted the purchase of commodities on margin and effectively halted the Hunt brothers' ability to continue their scheme. This regulatory action directly triggered the collapse.
• Today's Increase: The current market rise is occurring within established regulatory frameworks, driven by global economic conditions and supply/demand dynamics rather than an individual entity attempting a monopoly. The ongoing market dynamics reflect a more organic, long-term trend, rather than a vulnerable, manipulated spike that could be popped by a single regulatory change.

 

[pepperj]

He was selling right when he felt it was right, nobody ever gets it right. We could see the price crash to $20 tomorrow for no reason at all just like what happened in 1980. Many people who got out early back then ended up making way more than those who rode the wave only to lose more than they had started with.

I don't think he sold, actually his $19 silver is now 4X his purchase price. That's a win-win in my books.

 

[Sand Swinger]

He was selling right when he felt it was right, nobody ever gets it right.

I didn't sell, my reason for posting about Silver since the beginning of this year was to suggest to the members that if they had Silver, they should HOLD, NOT sell, because Silver will be rising to prices never before thought possible.

We could see the price crash to $20 tomorrow for no reason at all just like what happened in 1980.

Not gonna happen. That was 5 decades ago, and today's market is totally different than it was back then. The demand for Silver today is far outstripping the supply, and I'm talking about PHYSICAL Silver, not paper Silver, ETF's and all that nonsense. When demand for products increase and outstrips the supply, the price goes UP, not down. The Paper Tigers, banks, central bank, etc., are losing Billions & Billions on their short investing positions. But the kicker is that they've been selling the same 1oz of Silver on paper to 100 or more investors, figuring that nobody would ever want them to actually deliver physical Silver to them. It was all a Ponzi scheme, but now, those who have invested in Silver on paper are cashing in and demanding that physical Silver be delivered to them. The Banks problem is that they don't actually have the physical Silver that they sold on paper, it was all based on a "promise". So now they're screwed.

Next up, look for banks to start crashing.

Many people who got out early back then ended up making way more than those who rode the wave only to lose more than they had started with.

Totally different time, totally different situation. On one of my posts back on Dec 9th, Silver had crossed $60oz. Today, it's at $76oz, so in just a little over 2 weeks, it's risen $16oz, so those who "got out early" will be kicking themselves hard when it hits $100 and continues moving into higher 3-figures.

 

[UnderMiner]

I didn't sell, my reason for posting about Silver since the beginning of this year was to suggest to the members that if they had Silver, they should HOLD, NOT sell, because Silver will be rising to prices never before thought possible.


Not gonna happen. That was 5 decades ago, and today's market is totally different than it was back then. The demand for Silver today is far outstripping the supply, and I'm talking about PHYSICAL Silver, not paper Silver, ETF's and all that nonsense. When demand for products increase and outstrips the supply, the price goes UP, not down. The Paper Tigers, banks, central bank, etc., are losing Billions & Billions on their short investing positions. But the kicker is that they've been selling the same 1oz of Silver on paper to 100 or more investors, figuring that nobody would ever want them to actually deliver physical Silver to them. It was all a Ponzi scheme, but now, those who have invested in Silver on paper are cashing in and demanding that physical Silver be delivered to them. The Banks problem is that they don't actually have the physical Silver that they sold on paper, it was all based on a "promise". So now they're screwed.

Next up, look for banks to start crashing.


Totally different time, totally different situation. On one of my posts back on Dec 9th, Silver had crossed $60oz. Today, it's at $76oz, so in just a little over 2 weeks, it's risen $16oz, so those who "got out early" will be kicking themselves hard when it hits $100 and continues moving into higher 3-figures.

View attachment 2238546

"It's different this time." You actually said it. How is it different? The price peaked in 1980 and then it plummeted. How do you know for sure that this isn't happening again?

 

[pepperj]

"It's different this time." You actually said it. How is it different? The price peaked in 1980 and then it plummeted. How do you know for sure that this isn't happening again?

Did you actually read this answer?Post #88

Price of gold is crazy...

$3343 as of 7pm - 6/9 but silver been going up crazy too - $36.92 I sold small handful couple of months ago got like $2600 an oz for gold and like $28 an oz for silver Wish i had waited

www.treasurenet.com

 

[Sand Swinger]

"It's different this time." You actually said it. How is it different? The price peaked in 1980 and then it plummeted. How do you know for sure that this isn't happening again?

Go back and reread this thread. Also, as pepperj stated in his reply, reread his post #88, which provides some of the reasons.

Then, head over to my post "Silver is going Crazy". Lots of discussion and myself and well as ARC have posted multiple videos that explain in detail what's been going on behind the scenes and why today's market is totally different than the market 5 decades ago.

Silver is Going Crazy!!

Silver crossed $60/oz today and it’s now just a few cents away from hitting $61/oz. It's gonna be a wild ride!

www.treasurenet.com

 

[robertk]

The Paper Tigers, banks, central bank, etc., are losing Billions & Billions on their short investing positions. But the kicker is that they've been selling the same 1oz of Silver on paper to 100 or more investors, figuring that nobody would ever want them to actually deliver physical Silver to them. It was all a Ponzi scheme, but now, those who have invested in Silver on paper are cashing in and demanding that physical Silver be delivered to them. The Banks problem is that they don't actually have the physical Silver that they sold on paper, it was all based on a "promise". So now they're screwed.

Hmm... I wonder if anyone has ever done anything like that before?

Next up, look for banks to start crashing.

Maybe. Or maybe they're "too big to fail", and the little guy will be on the hook to bail them out. Again.

 

[Sand Swinger]

Maybe. Or maybe they're "too big to fail", and the little guy will be on the hook to bail them out. Again.

IMO, not this time. Trump has already said that he's not playing that game. Banks need to operate just like any other corporation or business, if they make stupid mistakes that cost them, it's their responsibility to eat it themselves. If they want to f**k around, they'll find out.

 

[Sand Swinger]

So anyone want to guess a end of year Gold price?
Im going to guess 3800.oo

Hey Joe, just came across your earlier post you made back in June and saw my reply guess to your end of year Gold price guess challenge:

OK OBN, put me down for $4,500, as I believe gold is going to continue rising skyward, along with silver prices.

It's now December 26th, 2025, and we have 5 days left in the year. Gold is currently priced at $4549.88. Do I win a prize?? 😁

 

[Oregon Viking]

Hell yeh ! I'm selling everything Ive found after its refined.

 

[pepperj]

Just looking at a coin/refiner site that I follow for pricing. The price they were paying for scrap sterling has gone up 60 cents a gram in a very short span. They @ $2.57 CAD at this time. With the exchange they're quoting $107.77 CAD an ounce.

I know somebody sitting and watching this move $10.32 move in one day he's smiling.

 

[OBN]

Gold is moving, two months ago and todays prices on what we dig...

 

[OBN]

Hey Joe, just came across your earlier post you made back in June and saw my reply guess to your end of year Gold price guess challenge:

OK OBN, put me down for $4,500, as I believe gold is going to continue rising skyward, along with silver prices.

It's now December 26th, 2025, and we have 5 days left in the year. Gold is currently priced at $4549.88. Do I win a prize?? 😁

Yep you sure nailed that one!! I think I said 3800..

How about another prediction? When will it hit 5000.oo? I'm going to say Feb 14, 2026