$ (Au, Ag, Pt) Precious Metals - Gold, Silver, and the Platinum family of metals

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Is gold nice

  • Yes

    Votes: 632 89.8%

  • No

    Votes: 72 10.2%
  • Total voters
    704
Kujo Jotaro said:
The way things are trending I'm going to be priced out of gold next year...
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Damn mr. moneybags.
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I'm working my way towards one final ounce, but at this point I'm basically silver all the way, prepping for the GSR to get low enough to .2-.5+ my gold holdings...
Dean Pentel said:
For all you smart mofos that got into stacking early it will be a good week. For all us broke bitches trying to buy PM because the USD won't even be worth using as toilet paper pretty soon, not so much.
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In terms of actual real world worth, toilet paper is much more valuable than literal unbacked strips of monopoly game board paper. And the Rothschild debt notes themselves likely have motes of cocaine, blood, and even human feces on them - so they wouldn't even make for good toilet paper. What a semitic ponzi system.
 
A Christmas miracle just happened to me. My mom found a old necklace among the things of a relative who recently passed away and no one cared to keep it so she took it. She went to the jewelers to get it cleaned up and the jeweler told her it is actually gold. Not pure gold mind you, it's 18k, but gold and not a foil as she had assumed at first. It's a 13.6 gram necklace so that is about 10g of pure gold.

Sadly we can't keep it, cause things are kind of tight in matters of finance right now, so we are gonna sell it. But of that money most of it will be turned into hard assets and I think I will keep a 1g gold nugget from it.
 
Silver lease rates soared, with one-month rates peaking around 34.9% (or even higher, near 40%) in early October, indicating severe liquidity issues.
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  • Recent Shift (Late 2025): Reports indicate JPMorgan dramatically reduced its short contracts (exiting 200 million ounces) and accumulated huge physical holdings (over 750 million ounces).
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It look like JPMorgan has closed their shorts.
 
Sexy Senior Citizen said:
I suggest getting smaller sizes- gram bars, gold flakes, and goldbacks, for example. Yes, you're getting screwed on the premiums, but if things keep going the way they are, it won't matter.
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Are goldbacks worthwhile? Speculatively in your opinion. As someone that bought grams of gold in the past, it did feel dumb at the time, but now a gram has gone from $86 to $176 on bullion sites. Used to get a gram and however close to spot silver to hit the free shipping threshhold, now a silver round and gram is about $242. I guess a deep dive into goldbacks is in order.
 
triggersliver said:
Are goldbacks worthwhile? Speculatively in your opinion. As someone that bought grams of gold in the past, it did feel dumb at the time, but now a gram has gone from $86 to $176 on bullion sites. Used to get a gram and however close to spot silver to hit the free shipping threshhold, now a silver round and gram is about $242. I guess a deep dive into goldbacks is in order.
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The 1/10 oz goldback is $836. Spot is $4303 and I can find a 1/10 oz Britannia coin for $466 at Monument.
 
triggersliver said:
Are goldbacks worthwhile? Speculatively in your opinion.
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Not for speculation, but depending on where you live, you could use them to buy things. Some places do accept goldbacks instead of fiat. The only problem with goldbacks is the premium. Normally you pay for the minting costs, the metal, and whatever overhead the seller needs to cover, but with goldbacks you pay for all that plus the cost to laminate the gold. As I understand it, the process is not cheap.

Buying goldbacks speculatively means you're betting on gold's rising price to outstrip whatever premiums you paid for the goldback in question. Perhaps it will. Semiconductors need gold components, and an AI boom will need lots of semiconductors.

My opinion? Stick with grams and the lowest fractionals. You want your dollars to purchase as much gold as possible. If you have a business nearby who accepts goldbacks and want to get used to paying in goldbacks, then go for the goldbacks.
 
SaidNoOneEver said:
This is the best theory I've seen to somewhat explain silver's 2025

View attachment 8291117

That guy is worth a follow.
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Paul is kind of a sperg, every few weeks he vague posts about people not taking him serious enough and alludes to doing "things" about this lack of respect; that being said he's probably the least hyperbolic/sensationalist twitter account in the pms space. Has some decent takes as well.
 
I could use another 300x from the paper scheme unfolding after the crash.
I don't know what form of monies I'll be willing to accept in exchange if that happens, though.
 
since we are throwing tin foil theories out there for why silver has gone parabolic in 2025, maybe every one is building Missiles. Russia America Israel China between all the shit shows going on in the world since 2022 they got to replenish them Patriots, Iron Domes Cruise missiles, and what not. I have heard people say each Patriot has 20 ounces of silver in it I have no Idea just throwing out some tin foil.


Up over 100 percent on silver is abnormal in the last 10 years. But I am not complaining.
 
Sexy Senior Citizen said:
Tomahawk missiles require 500ozt of silver per missile, or one monster box of silver bullion.
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I've heard the opposite;


The amount of silver used in military equipment is highly classified, but informed sources report that a Tomahawk missile actually has around 10 – 15 ounces of silver in it, mostly in solder and an ignition battery. Not 482 to 500 ounces. The smaller missiles used extensively in Ukraine, the Middle East, and elsewhere each are said to have less than one ounce of silver in it, again in solder and ignition batteries. The actual use of silver in missiles is measured in hundreds of thousands of ounces over the past 40 years.
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It's almost impossible to get a source on the 500 oz number, everyone is quoting each other. I found a Kitco forum thread where someone posted a retraction.

Even if the monster box number is right, a few million ounces of silver over 40 years is nothing. We mine eight hundred million ounces a year.

Whatever is spiking the price, it's not the military. I don't think it's AI either, that's another rumor that smells like bullshit.
 
Fascist Kirk said:
What is a tomahawk missile? thats like the sub sonic American version of the German ww2 v1 buzz bomb? God I hope we don;t use them still if true!
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Damn a monster box is a tomahawk missile! Learn something new every day! How many tomahawks you got left?

Peaches the Wonder Cat said:
Whatever is spiking the price, it's not the military. I don't think it's AI either, that's another rumor that smells like bullshit.
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It's all of the above. Nations stockpiling, emerging markets industrializing, derivatives blowing up, paper market caught with it's pants down, etc. All at once.
 
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