Silver price just topped $75!

[Smokey Bear]

Not when you bought it for 20-30 dollars, I’ll continue to hodl

Exactly! I bought most of mine when it was below $10. Mind you that was the early 90’s. The rest I have is from my dad when he passed away. Everything I have is a guaranteed profit. I was absolutely happy when it topped $50. Everything else is just icing on the cake.
It’s dropped $35 in the last week and I don’t give two ’s.
I’m still in this mentality!

 

[Big Sky Guy]

Just curious ... whatever happened to that audit of Fort Knox??

Same thing that happened with DOGE, basically nothing anyone wanted or hoped would happen. Very disappointing. However, what is worse, not having any gold in Fort Knox OR everyone knowing for sure there isn't any gold in Fort Knox? I don't think any sane leader would do any sort of legitimate audit if it was going to mean the death of their nation as the reserve currency, so maybe it was for the "better." Whatever that is nowadays.

 

[2531usmc]

This pullback was healthy and it too shall pass

 

[Marbles]

I mean it’s hard to beat the house when they are pulling the levers… yet did the global demand of silver evaporate overnight? Was there an epic discovery to make up for the over price? Let them bankers play their games… silver and gold are hedges, but after steel and lead… never want to have to need them, but I’d rather not be caught with my pants down… when the data centers have to have physical silver we will see what the price does over the next few years

The market reflects a lot of things, not just fundamentals, but also herd mentality. Across the board, most prices reflect a gamble to make money, not an underlying valuation based on fundamentals, at present.

That, or inflation is much worse than goods prices reflect.

Low interest rates make it worse because you cannot really put money to work without speculation and higher risk.

The invest your retirement model also makes it worse as money is currently pouring in, but not out. As the silver tsunami hits, beyond the other strains on society it will cause, the markt will drop as more people start withdrawing thand puting in. It will be similar to job based pension were eventually the weight of the retired is more than the working can meaningful support (which was the reason for the shift to retirement accounts).

Anyway, I don't have much silver, but what I have was bought for around $40 an ounce in 2012, it is a hedge that costs almost nothing to keep and continues to serve its purpose regardless of todays price.