Sexy Friends Toronto
Sexy Friends Toronto

Gold re-evaluation

Previous Thread Next Thread
faveone

faveone

This is just a hobby
May 1, 2002
971
886
93
GTA
There's been lots of talk about the USA re-evaluating their gold reserves from current price of $42.20 . May happen as early as Feb 2026. This will obviously shake up the FIAT currency markets but it could also give the US some liquidity to help with their deficit.

I am curious what others think about it? I am heavy into the precious metals (about 20% of my portfolio is in mining stocks and physical) and have done reasonably well since the price of gold and silver has taken off the last 18 months. Just have a feeling that precious metals are going to make substantial gains this next 12 months and wondering if I should dump my cash reserves into some more (not stocks but more physical 😎). What makes me nervous is that the COMEX has been making record deliveries but traders are trading 100 to 200 times the amount of silver that is actually available for delivery 🤔 And the COMEX is now setting delivery dates of T+8weeks (buy today, settle tomorrow and they will ship your bars in 8 weeks) when it was T+3 (buy today, settle tomorrow and they ship the day after) not too long ago 😳
Curious to hear if there are other investors who are going into the precious metals more heavily now even with the prices going up?
 
  • Like
Reactions: Gators
T

themaxx

Active member
May 13, 2014
125
53
28
faveone said:
There's been lots of talk about the USA re-evaluating their gold reserves from current price of $42.20 . May happen as early as Feb 2026. This will obviously shake up the FIAT currency markets but it could also give the US some liquidity to help with their deficit.

I am curious what others think about it? I am heavy into the precious metals (about 20% of my portfolio is in mining stocks and physical) and have done reasonably well since the price of gold and silver has taken off the last 18 months. Just have a feeling that precious metals are going to make substantial gains this next 12 months and wondering if I should dump my cash reserves into some more (not stocks but more physical 😎). What makes me nervous is that the COMEX has been making record deliveries but traders are trading 100 to 200 times the amount of silver that is actually available for delivery 🤔 And the COMEX is now setting delivery dates of T+8weeks (buy today, settle tomorrow and they will ship your bars in 8 weeks) when it was T+3 (buy today, settle tomorrow and they ship the day after) not too long ago 😳
Curious to hear if there are other investors who are going into the precious metals more heavily now even with the prices going up?
Click to expand...
I've always bought & held bars. My average cost/oz on silver is around $16CDN, and I'm in no rush to cash in yet, but lately have slowed down on the buying, particularly due to the gains in silver just over the past few months.
It was just a few weeks ago, I checked silver spot on a Sunday night it was around $45 CDN/oz, the next morning it was at $50. Waited a LONG time to see silver at $50 again, thought that it would drop back down & the new floor would be $46-47, but still going up. I don't believe its going to last much longer/price go much higher, maybe $54-55 Cdn/oz, so I'll hold off buying for awhile.
Hoping you have lots of fun and great success with this
 
  • Like
Reactions: Gators and faveone
faveone

faveone

This is just a hobby
May 1, 2002
971
886
93
GTA
themaxx said:
I've always bought & held bars. My average cost/oz on silver is around $16CDN, and I'm in no rush to cash in yet, but lately have slowed down on the buying, particularly due to the gains in silver just over the past few months.
It was just a few weeks ago, I checked silver spot on a Sunday night it was around $45 CDN/oz, the next morning it was at $50. Waited a LONG time to see silver at $50 again, thought that it would drop back down & the new floor would be $46-47, but still going up. I don't believe its going to last much longer/price go much higher, maybe $54-55 Cdn/oz, so I'll hold off buying for awhile.
Hoping you have lots of fun and great success with this
Click to expand...
Gold and silver are both up approximately 10% this week ! I'm betting this trend will continue as China & Russia continue to gobble up precious metals on the LBMA and COMMEX !

And the analysts say we aren't even seeing the stockpiles of gold and silver they are buying on the exchanges outside of the LBMA & COMMEX which isn't being tracked and may amount to 10x more!!
 
faveone

faveone

This is just a hobby
May 1, 2002
971
886
93
GTA
  • Like
Reactions: Grebenkin
T

themaxx

Active member
May 13, 2014
125
53
28
Silver is over $73/oz CDN this morning. Blew way past what I thought would be the new "normal" in just a few weeks. Unbelievable.
 
O

oil&gas

Well-known member
Apr 16, 2002
15,912
2,936
113
Ghawar
At current price of gold the U.S.'s gold reserve is
worth roughly 3% of its federal debt assuming a holding
of 7000 metric ton of gold bullions. Revaluation of gold
will have to proceed incrementally. A price around $70k/oz
may be sufficient for the U.S. to pay off roughly 50% of
its debt.
 
M

mdo2886

Well-known member
May 9, 2010
299
478
63
oil&gas said:
At current price of gold the U.S.'s gold reserve is
worth roughly 3% of its federal debt assuming a holding
of 7000 metric ton of gold bullions. Revaluation of gold
will have to proceed incrementally. A price around $70k/oz
may be sufficient for the U.S. to pay off roughly 50% of
its debt.
Click to expand...
LOL if you believe the gold is actually there...
 
faveone

faveone

This is just a hobby
May 1, 2002
971
886
93
GTA
oil&gas said:
At current price of gold the U.S.'s gold reserve is
worth roughly 3% of its federal debt assuming a holding
of 7000 metric ton of gold bullions. Revaluation of gold
will have to proceed incrementally. A price around $70k/oz
may be sufficient for the U.S. to pay off roughly 50% of
its debt.
Click to expand...
$95 Today 😎
 
  • Like
Reactions: Caspertheghost
K

K Douglas

Half Man Half Amazing
Jan 5, 2005
30,078
11,568
113
Room 112
Wow silver has been taking off like a rocket ship. Do we see this continuing into 2026? I think so.
 
H

HungSowel

Well-known member
Mar 3, 2017
3,221
2,196
113
Silver is an industrial metal, the rise in demand is due to AI. Normally copper is used for most electronic/electrical uses but for ultra high end stuff like military and aerospace, silver is used because it is more electrically and thermally conductive than copper.

Normally for data centers copper is used but the new AI data centers have incredible power density that pushes the limits of physics so silver is used instead of copper.

If you believe in AI then silver is a good bet, you will probably do much better with silver than buying Nvidia or other AI stocks. If you want to shield yourself from AI then do not go for silver.

Over the long term, I think AI data centers will reduce their energy density to more sane levels and use copper instead of silver. Right now there is a mad dash for AI data centers so economics takes a back seat but eventually economics will dominate.
 
H

HungSowel

Well-known member
Mar 3, 2017
3,221
2,196
113
Thinking more about silver, I think I will pickup a silver ETF, the AI buildout is ferocious and I think it only just started to get serious. I am going to rebalance and put some of my gold gains into silver.
 
M

mdo2886

Well-known member
May 9, 2010
299
478
63
What the fuck is a re-evaluation? Do you mean revaluation?

Gold, silver and platinum especially are going far higher, because the only thing that can keep the system afloat is for governments to continue printing and spending fiat clown dollars.

Not yet - but eventually you will want the metals in your physical possession.

Fortunes will be made in the next few years.
 
  • Like
Reactions: faveone
H

HungSowel

Well-known member
Mar 3, 2017
3,221
2,196
113
Revaluation is used when it is expected and regular, like; yearly revaluation of the portfolio. Re-evaluation is used when it is not expected, like; when my dad died it made me re-evaluate my life choices.
 
  • Like
Reactions: faveone
faveone

faveone

This is just a hobby
May 1, 2002
971
886
93
GTA
mdo2886 said:
What the fuck is a re-evaluation? Do you mean revaluation?

Gold, silver and platinum especially are going far higher, because the only thing that can keep the system afloat is for governments to continue printing and spending fiat clown dollars.

Not yet - but eventually you will want the metals in your physical possession.

Fortunes will be made in the next few years.
Click to expand...
As the price of metals explodes, so will the price of stocks of the big gold & silver miners
 
You must log in or register to reply here.
Ashley Madison
Previous Thread Next Thread
Toronto Escorts
Top Bottom