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Metals are insane…everyday ?

JimTylerJimTyler Posts: 4,057 ✭✭✭✭✭
in Precious Metals

Trees don’t grow to the sky.

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    PerryHallPerryHall Posts: 47,510 ✭✭✭✭✭

    I've stopped buying since I'm expecting a major correction in PMs any day now. :#

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

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    WingsruleWingsrule Posts: 3,290 ✭✭✭✭

    @PerryHall said:
    I've stopped buying since I'm expecting a major correction in PMs any day now. :#

    But, but, but that was supposed to happen several days ago with the ‘rebalancing’. :D

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    JimTylerJimTyler Posts: 4,057 ✭✭✭✭✭
    edited January 22, 2026 2:55PM

    @PerryHall said:
    I've stopped buying since I'm expecting a major correction in PMs any day now. :#

    I’m scared 💩less to buy gold. Better stuff hasn’t changed a whole lot, if I found something decent maybe but common stuff or silver no way. Paying nearly $5k for an 1924 saint in 62, they’re selling. And I could be totally wrong but I’m not a gambler.

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    OverdateOverdate Posts: 7,314 ✭✭✭✭✭

    Another way of looking at it -- metals were insanely low for decades.

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    JimTylerJimTyler Posts: 4,057 ✭✭✭✭✭

    I agree but people are sitting on a lot of profit and when the herd change's direction it won’t be pretty

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    derrybderryb Posts: 38,555 ✭✭✭✭✭
    edited January 22, 2026 4:03PM

    Asian and Indian demand will counter any reduction in western demand. I expect price to rise in the near term. When that Asian and Indian demand weakens so will western spot price. Then there are all those manufactures (especially solar) stockpiling for now.

    But for now:

    "A car is a tool that takes you from one place to another. Everything beyond that is a payment for other people's perception of you."

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    LukeMarshallLukeMarshall Posts: 2,193 ✭✭✭✭✭

    Metals are insane…everyday ?

    Yes.

    It's all about what the people want...

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    TennesseeDaveTennesseeDave Posts: 4,895 ✭✭✭✭✭

    Seems like more people buy when the prices are high vs. when they are low. Last time I bought silver it was in the lower 20's and I already liquidated 99% of what I had. I could've made a lot more if I had waited until now, but you can't win them all.

    Trade $'s
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    ChrisH821ChrisH821 Posts: 7,092 ✭✭✭✭✭

    @JimTyler said:
    Trees don’t grow to the sky.

    Is this a crabapple, oak, or a redwood?

    Collector, occasional seller

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    CuprinkorCuprinkor Posts: 375 ✭✭✭

    I asked a longtime dealer friend, "Where does this (the silver price rise) end?"
    He answered in all seriousness, "between $200 and $500/ounce"
    I thought to myself, "Whoa!" I haven’t heard any other predictions close.

    We'll see . . . . .

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    Matt04Matt04 Posts: 493 ✭✭✭✭
    edited January 22, 2026 10:58PM

    I'm in disbelief at what I'm actually seeing and these prices. I honestly don’t know how these prices can stay this high. If they keep climbing, it’s going to get to a point where the average person simply won’t be able to afford it.

    I regret not buying more! & Selling last yr for small profits haha, can't win em all

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    pragmaticgoatpragmaticgoat Posts: 948 ✭✭✭

    "I’m worried about something worse than a recession… We have something that is much more profound, we have a breaking down of the monetary order."
    – Ray Dalio Spring 2025

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    johnny9434johnny9434 Posts: 32,241 ✭✭✭✭✭

    I'm not buying g either. Its to volatile at the moment 😐

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    softparadesoftparade Posts: 9,967 ✭✭✭✭✭
    edited January 23, 2026 5:36AM

    Some smelters are lowering payout to dealers on even GOLD now ...

    COPPER is gutter !

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    OverdateOverdate Posts: 7,314 ✭✭✭✭✭

    @Cuprinkor said:
    I asked a longtime dealer friend, "Where does this (the silver price rise) end?"
    He answered in all seriousness, "between $200 and $500/ounce"
    I thought to myself, "Whoa!" I haven’t heard any other predictions close.

    We'll see . . . . .

    I'm watching Shanghai. Currently $111.60 despite export controls. I think it indicates intense local demand. Your dealer friend could be right.

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    jmlanzafjmlanzaf Posts: 41,119 ✭✭✭✭✭

    @JimTyler said:
    Trees don’t grow to the sky.

    They aspire to...

    All comments reflect the opinion of the author, even when irrefutably accurate.

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