NA - Gold nearing $3,000!

As an aside, in the 1980’s I was attempting to buy a 1 oz gold coin roughly every month. Back then the price hovered around $300 to $400 an ounce. I mentioned to one seller that most of my investments were in stocks. He said that was crazy - the stock market was insanely overvalued and due for a crash. Worth noting that in 1980 the Dow averaged out at under 900. So it turns out that investing in stocks wasn’t that crazy in the long haul after all.
 
My personal opinion is that anything other than fiat currency is the way to go. Precious metals are about as low risk as there can be (you can bury them in a hole in the ground and dig them up a thousand years latter and they still have the same purchasing power). Stocks are more risk, but can return yeilds if you pick the correct one and time it right. (Kodac for example was pretty good one for a long time…until it wasn’t). Right now there is so much change and volatility in the world that it might not be a bad idea to sit out the stocks until the dust settles and then re divest from silver into what looks to be the best bet after the dust shakes out in a few years. (I just wish I would have bought more in April…or June, or august, for that matter).
 
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I saw silver pert near knocked on the door of $70 today. I think the $72 by early 2026 top out prediction I heard months ago might be coming true.
 
FastEddieB said:
As an aside, in the 1980’s I was attempting to buy a 1 oz gold coin roughly every month. Back then the price hovered around $300 to $400 an ounce. I mentioned to one seller that most of my investments were in stocks. He said that was crazy - the stock market was insanely overvalued and due for a crash. Worth noting that in 1980 the Dow averaged out at under 900. So it turns out that investing in stocks wasn’t that crazy in the long haul after all.
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Just a reminder that the 80's were a consistent downward slide in gold value that didn't finally recover until 2008-2010. Nearly 30 years is a long time to have money parked under water.

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Flatiowa said:
Precious metals are about as low risk as there can be
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See the graph above. They are highly volatile and currently at record highs. Looking at that graph, buyers at todays prices could easily be looking at 10-30 years before they can sell at break even or better if they don't get out before the correction.
 
Flatiowa said:
Precisely my thoughts and what kept me from thinking instead of pulling the trigger and buying.

This is correct, WGO has really diversified over the decades, but it’s core fundamental “common point” is luxury recreational goods. Without reading their earnings report I do know from keeping a close eye on the company’s public data that their development of an offshoot company holdings focused on electrical storage systems (initially for motive power and “off grid” camping in rv’s has been expanding to home backup power (alternative option instead of a generator). With some state essentially banning small internal combustion engines (or trying to). This may be a large growing market with potential. Time will tell.
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Ford announced dec 22 going into big batteries, eg for homes, such as Tesla is doing. Cutting the EV pickup.
 
172andyou said:
Just a reminder that the 80's were a consistent downward slide in gold value that didn't finally recover until 2008-2010. Nearly 30 years is a long time to have money parked under water.
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Precious metals are probably a lousy investment, per sé. No dividends, need for storing, threat of theft, transaction costs and so on. And as you say, the possibility of decades of price stagnation.

But traditionally a great hedge against inflation or, god forbid, hyperinflation. In that role, it’s historically unsurpassed.
 
It’s unreasonable to expect the prediction of China for all practical purposes shutting off all exports of silver starting January first. All bets are off now, it is knocking on the door of $80/ounce, but I am personally inclined to be of the position “strong hold”. Not necessarily buy, but hold and see what happens first quarter of 2026. It can absolutely start to tank (which I absolutely do not think it will) and still leave a lot of marginal gains for one year ROI, even if sold on the drop.
 
Flatiowa said:
It’s unreasonable to expect the prediction of China for all practical purposes shutting off all exports of silver starting January first. All bets are off now, it is knocking on the door of $80/ounce, but I am personally inclined to be of the position “strong hold”. Not necessarily buy, but hold and see what happens first quarter of 2026. It can absolutely start to tank (which I absolutely do not think it will) and still leave a lot of marginal gains for one year ROI, even if sold on the drop.
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I don't know who Hal Turner is. But the Hal Turner Radio Show put out a story today about a "systematically important" US bank getting caught out in the Silver short-squeeze, unable to make their margin call. The story says the feds have seized the bank and injected billions into the emergency overnight funds facility. Me thinks that, if true, this could really break bad at the bell tomorrow!

halturnerradioshow.com

UPDATED 12:48 PM EST -- REPORT: "A SYSTEMICALLY-IMPORTANT BANK COLLAPS

As this story is written, it is 11:01 AM eastern U.S. time on Sunday, December 28. Reports have been coming in CLAIMING "a systemically important bank, a
halturnerradioshow.com halturnerradioshow.com
 
wilkersk said:
I don't know who Hal Turner is. But the Hal Turner Radio Show put out a story today about a "systematically important" US bank getting caught out in the Silver short-squeeze, unable to make their margin call. The story says the feds have seized the bank and injected billions into the emergency overnight funds facility. Me thinks that, if true, this could really break bad at the bell tomorrow!

halturnerradioshow.com

UPDATED 12:48 PM EST -- REPORT: "A SYSTEMICALLY-IMPORTANT BANK COLLAPS

As this story is written, it is 11:01 AM eastern U.S. time on Sunday, December 28. Reports have been coming in CLAIMING "a systemically important bank, a
halturnerradioshow.com halturnerradioshow.com
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The ratio of paper traded to physically deliverables in the silver market have been so far inflated that any small move has huge consequences. Predictions of a 100% + change in a single fiscal year were probably not even a consideration for the bean counters managing large investment funds, let alone on the radar of centralized commercial banks.
 
wilkersk said:
I don't know who Hal Turner is. But the Hal Turner Radio Show put out a story today about a "systematically important" US bank getting caught out in the Silver short-squeeze, unable to make their margin call. The story says the feds have seized the bank and injected billions into the emergency overnight funds facility. Me thinks that, if true, this could really break bad at the bell tomorrow!

halturnerradioshow.com

UPDATED 12:48 PM EST -- REPORT: "A SYSTEMICALLY-IMPORTANT BANK COLLAPS

As this story is written, it is 11:01 AM eastern U.S. time on Sunday, December 28. Reports have been coming in CLAIMING "a systemically important bank, a
halturnerradioshow.com halturnerradioshow.com
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Well called.

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CME raised its margin requirements for gold and silver and also lowered position limits. Effective today.
 
Flatiowa said:
CME raised its margin requirements for gold and silver and also lowered position limits. Effective today.
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I saw that Friday. Supposedly that's how the rumor got started. Just for giggles, I wonder if JPM took any profits this morning after the big pivot in silver a couple of months ago. Or is that just me being ever the cynic...
 
Ed Haywood said:
Ya but what are frozen concentrated orange juice futures trading at?

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When the rules of margin change and at the same time the cap limits on futures contracts also get lowered basically forcing sales in effectively one buisness day…ya price is going to drop. I’m very curious how the Shanghai market reacts tonight. Will it follow suit and fall or will it dip a bit but hold strong. That might trigger a buying storm on the CME strike price and physical silver transfer to the Shanghai exchange??
 
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172andyou said:
Stabilized nicely and clawed back some lost ground.

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Looks like close of today the comex was right back to were it was Friday morning before margin/cap limits change news rattled it up, and ignoring the last couple days is right back in line with it’s three month growth curve

Edit: in reference to silver. I don’t know what gold or platinum did.
 
Margin requirements were raised again yesterday, second time this week effective at end of day today. That is not normal.
 
Flatiowa said:
Margin requirements were raised again yesterday, second time this week effective at end of day today. That is not normal.
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I think we are going to find out what it means to live in "interesting times", as the Chinese say.

I learned too late about fractional reserve banking and the general nonsense that makes up the "financial system" to really benefit from it greatly, but better late than never I suppose.

Seems quite likely that more chaos will ensue and that gold and silver continue upward. I think the probabilities greatly favor holding gold in particular.
 
WJG-GMT-RootBeer said:
Seems quite likely that more chaos will ensue and that gold and silver continue upward
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12 days into 2026, so far you were not incorrect. I don’t like that, I don’t care about the price at this point, I’m now more concerned about the trend and it worries me.
 
Flatiowa said:
12 days into 2026, so far you were not incorrect. I don’t like that, I don’t care about the price at this point, I’m now more concerned about the trend and it worries me.
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I contend there is a LOT of reason to worry considering the state of the economy and geopolitical affairs--which as indicated somewhere above are obviously interconnected. I think gold has probably been slighted as a relic by the mainstream business news which has advertising to sell. FA's would rather you be in a mutual fund or some prepackaged deal, so that it what gets pushed.

To me, its about chaos. If you believe there is more chaos coming, then gold is probably a good idea.

From my perspective, its primarily insurance that might end up having been also a really good investment. I tend to take a very long approach on these things and have long given up trying to time much of anything.

I think you are correct to worry about the trend as most of what I am seeing is not positive. Good luck to you in the meantime.
 
Half Fast said:
When has the world NOT been chaotic?
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I believe a case could be made to suggest we are in extremely chaotic times, above any "normal" amount of more generic chaos.

Obviously, the methodology to make that declaration is subjective, but I would regard these as amongst the most chaotic times in recent history when you factor in:

(1) proxy wars in eastern Europe;
(2) underwriting armed conflict in Gaza;
(3) participating in direct conflict with Iran;
(4) regime change in Venezuela as well as (possibly Cuba and Columbia);
(5) talk of military action against Mexico;
(6) a potential move on Greenland.

Take all of that along with ever increasing debt and monetary debasement---seems like we have chaos squared times 2.

Hence my thesis that gold is likely to thrive.
 
I agree w/ both recent points. The world has always been chaotic. However, it does feel we're at a crossroads where things will work out really well, or really bad.

Remember the chaos leading into Y2K? A friend took all the equity out of his house and bought gold. It didn't work out well for him.
 
WJG-GMT-RootBeer said:
I believe a case could be made to suggest we are in extremely chaotic times, above any "normal" amount of more generic chaos
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I don’t, but then I remember the Cuban missile crisis, Vietnam, Kent State, the Iran hostage crisis, the oil embargo, Carter inflation, two Kennedy assassinations, the MLK assassination, the George Wallace school standoff, the Birmingham riots, the LA riots, the Black Panthers, and much much more just within my lifetime.

The only thing different about today is the amount of information and the pace of its arrival.
 
Half Fast said:
I don’t, but then I remember the Cuban missile crisis, Vietnam, Kent State, the Iran hostage crisis, the oil embargo, Carter inflation, two Kennedy assassinations, the MLK assassination, the George Wallace school standoff, the Birmingham riots, the LA riots, the Black Panthers, and much much more just within my lifetime.

The only thing different about today is the amount of information and the pace of its arrival.
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And that it's been long enough since "real" chaos happened that almost no one is still alive that can remember even the most recent one. WWII, WWI, Russian Civil War, Mexican Revolution, US Civil War, to name a few.
 
172andyou said:
And that it's been long enough since "real" chaos happened that almost no one is still alive that can remember even the most recent one. WWII, WWI, Russian Civil War, Mexican Revolution, US Civil War, to name a few.
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I've logged tons of hours in Call of Duty, so I think I'm very well qualified to speak about the global impact of the fighting in WW2, thank you very much.
 
Mahneuvers said:
Remember the chaos leading into Y2K? A friend took all the equity out of his house and bought gold. It didn't work out well for him.
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Well, he paid roughly $288/oz for that gold. Stipulated that, in retrospect, other investments have outperformed gold, if he still holds it he’s done OK, up 1,514.58%, probably far better than his home may have appreciated.
 
Mahneuvers said:
I agree w/ both recent points. The world has always been chaotic. However, it does feel we're at a crossroads where things will work out really well, or really bad.

Remember the chaos leading into Y2K? A friend took all the equity out of his house and bought gold. It didn't work out well for him.
Click to expand...

1/1/99 gold was around $288. 1/1/04 it was at $406. That's 40% over 5 years.

In the same time period, the S&P gained .08% and the NASDAQ lost 9%.

Of course I have no idea how much his house appreciated in that time or what interest rate he was paying.
 
@FastEddieB @donjohnston

He was in the camp bank systems would fail and people wouldn't be able to get their money out. When Y2K turned out to be a nothingburger, he then wanted out of his gold position and took a bath doing so. I obviously don't know dates, but in looking at prices around that time, he probably lost around $20/ounce or 10%.
 
donjohnston said:
1/1/99 gold was around $288. 1/1/04 it was at $406. That's 40% over 5 years.

In the same time period, the S&P gained .08% and the NASDAQ lost 9%.

Of course I have no idea how much his house appreciated in that time or what interest rate he was paying.
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Gold is the barometer.

It seems to have a way of indicating the direction of the political and economic winds.

Its movements at this pace clearly indicate that we are dealing with or likely to be dealing with chaos that is far above the norm.

Good luck if you are holding.
 
WJG-GMT-RootBeer said:
Great.

Best guess is that we might be reminiscing about when you could buy silver for under 100 an ounce this time next year.

Should be fun.
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I have a gut hunch that $100 silver will happen (atleast briefly) a lot faster than anyone could have ever expected. (I would not be at all surprised if it happened this week).
 
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