Silver and gold are up again. My stash of precious metals is mostly in silver, simply because it’s more volatile than gold by far, and if you wait until it bottoms out and then buy, by the time gold has risen 20%, silver will have risen 40% – 50% and it’s time to sell. I’ve made a lot of “spare cash” over the years with timing and patience.
This last time around, however, when gold went over $5000 an ounce and silver hit $110, I held off selling, though I could have made enough profit to buy a couple nice new Teslas. This is because I knew the bubble was going to have a very short life, and apparently most others did as well, because the actual purchase price when it hit its low of $72 an ounce last week was still in the $90’s per ounce instead of being close to the low.
I was expecting that, which is why I didn’t sell. The buyback would have eaten nearly all my profit and it would have been a race to even make a profit. As it is right now, silver is back up to $87 an ounce and while it will no doubt keep rising and falling like the tides, it’s going to trend steadily upward. The “experts” online say it may hit $110 again by the end of 2027. I’m pretty sure it will be at least $150 an ounce by then because of inflation and industrial demand. Gold will also rise with it, of course.
I might be wise to sell it all off before the end of this year, however. The two primary Globalist factions seem to be unifying and the more they come together, the more everything is affected. We all know how unpredictable life has become simply from all the unbridled immigration promoted by the Globalists. It will become much more so with the looming food and fuel scarcity and inflation. Values are going to change, hunger and scarcity always bring new perspectives with them.