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Today gold is selling for the highest price ever in recorded history.

An all time high - right now is - $1,858.00 an ounce. And rising.
 
what is driving the surge? Demand in actual use, or simply speculation?
Look out your window.


That's great, it starts with an earthquake
Birds and snakes, an aeroplane, Lenny Bruce is not afraid
Eye of a hurricane, listen to yourself churn
World serves its own needs, don't misserve your own needs

Feed it up a knock, speed, grunt, no, strength, no
Ladder, structure clatter with fear of height, down height
Wire in a fire, represent the seven games
In a government for hire and a combat site

Left her, wasn't coming in a hurry with the furies
Breathing down your neck
Team by team, reporters baffled, trump, tethered crop
Look at that low plane, fine then

Uh oh, overflow, population, common group
But it'll do, save yourself, serve yourself
World serves its own needs, listen to your heart bleed
Tell me with the rapture and the reverent in the right, right
You vitriolic, patriotic, slam, fight, bright light
Feeling pretty psyched
 
Last Edited:
what is driving the surge? Demand in actual use, or simply speculation?


At this point there are many scary things to drive folks to precious metals.
But when it starts moving up, many get FOMO and jump on board.

As to silver?
People will tell you it's mostly used today as industrial commodity. And that's true.

But it's also money.
And there isn't a lot of it.

So the price goes up quick when Trillions of dollars in other investments go's looking for a safe haven.
 
I've been building my stockpile for years, but typically only buy at the low end of prices, not in the last year or two due to prices being higher. It just seems like the silver/gold hawks have constantly been pushing some narrative since the 2008 crash to fuel their sales more than anything. I agree our national debt, and unfunded tax breaks for corps/wealthy do have me more concerned than ever that we're in for some correction on our currency, but if that's the case, I also am not convinced that gold/silver would be the trading currency. I'm not sure what would be really. Maybe copper plated lead? ;)
 
Who knows?

But I think its good to be diversified in your holdings.



To me metals are just insurance.
And most people have no business holding any.


Pay off all your debt and then set some back.
To many buy out of greed or fear. Only to sell out at a loss, just to make a stupid payment.


To those that can afford it as insurance?
It's a fantastic tool.
 
Lots of indicators that indicate that that creeping inflation may start to start up higher which is higher than it is now. Much higher. Double digit inflation? Possible. Hyperinflation? Not likely but a possibility. Consider a diversified portfolio. If nothing else, a case of pork and beans and another case of bottled water.

That is all. :)
 
5am west coast:
Gold has gone ballistic this morning. Up to $1,940 from an opening at around 1900.
Silver now almost $24.50.

Something is happening.
I usually get giddy at times like this - but this looks concerning.

But this is why I'm in metal.
All sorts. Copper, stainless, steel and lead. I like scrap.

When the stock market drops metal always goes up.
It's a kinda weird feeling - profits come when markets fall.

 

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