Good Old Gold Can Make Anyone Look Smart.

I'll never see the day I cash in any PMs for money. These are Legacy investments and part of what my kid will inherit. I'm teaching him what I can and he has enthusiasm for it, he especially likes the MSDs.

I dont spend more then I easily can and like you I see it all as a hedge out of a lack of enthusiasm for currency. My buddy doesn't see the light. He still thinks the USD is strong and American's especially wont see whats right in front of their eyes. "Pride go'eth before the fall".https://www.usdebtclock.org/

Well I just looked at the rate of return for my deferred account and its at 12.7% yearly. This of course could change, it took a big dump when these tariffs were announced but the markets have since settled down with the correct opinion that they are just a negotiating tactic by Trump.

But its hard to beat a 12.7% yearly return. Not that I can really touch it without paying exorbitant tax's, then again, its not like I can bring it with me when I croak. I have maybe 5% as much into PM's, mostly silver but also gold. I like having something precious I can hold in my hand and Ive long believed silver was undervalued.

Were I a rich man, which I'm not, I'd be a much bigger collector because thats where my interest really lies. I'd have a MSD collection that could choke an elephant, among other coins. I sit here all day looking at wonderful coins I'd love to have.

I said that the first time it topped $1k.

I think its fears of war escalation in Iran thats caused gold to shoot $80 in less then 1/2 a day.

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Probabilty is not zero but very very low that US would be directly involved in attack on Iran or anybody for that matter.

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Spence like it or not world events do affect the price of gold and PMs. My post had nothing to do with politics and in fact I showed prescience in posting it. Gold right now is at $3,420 oz. and theres a reason for that and it has nothing to do with politics.

Expect silver to stay high too, IMOHO. Conflicts involved utilizing high tech weaponry now. Even among 3rd world actors. More importantly both America and NATO are in an era of rapid buildup of weaponry to not only support Ukraine but to support their own skins. More and more A.I. and advanced seeker and targeting components are being utilized for next generation weaponry. All of which use a lot of silver. Just one of the newer generation of electric submarines can use up to 8 tons of silver in its production.

America in fact is not only rebuilding it conventional munitions but were also in the process of upgrading all three components of our strategic triad. Read, "nuclear weapons". More so the use of silver, and the amounts purchased and utilized, is considered secret and buried in the shadowy weapons procurement process. In other words silver is considered so critical in the building of these high tech weapons that the amount the weapons Industry's use is a secret.

From A to Z the use of silver is becoming more and more a strategic asset so important is its usage in military applications. The Industry itself is remaking itself as new countrys become bigger and bigger players in the arms market. Country's like Germany, South Korea, Turkey, Brazil, India...ect are producing and exporting more and more high tech weaponry that need silver in their development. In the conflict in Ukraine we are seeing wars of the future play out with the use of drones becoming the dominant battlefield weapon which uses a lot of silver. Ukraine had build its own production line of these weapons with western help, part of which is Polish silver. Poland being a major producer of the metal, even out producing Russia in silver mining. And of course China is not only a major producer of the metal but is also a producer and exporter of modern weapons systems on par with the United States, if not even a larger manufacturer.

I cant stress enough both the size and scope of the military arms build up world-wide nor the importance of silver in supporting it. Its estimated that military procurement accounts for over 50% of global demand for the metal. I wouldn't expect to ever see "cheap" silver again. Heck I wouldn't expect to ever see $35 silver again.https://preservegold.com/research/w...even-higher/