Buying gold and silver.

[tikkalover]

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4,352.60

USD▼ -200.10 (-4.40%) today
December 29, 4:06 PM EST

 

[ORCUS DEMENS]

It is either doing what people have always claimed it would do (skyrocket to X percentage of gold) or is severely overheated. The 2010 run, and then 2012-13 retreat, are most fresh in my mind. But, if this is driven by industry demand and not the world is ending economic hedging folks, it could stay on it's upward trajectory. My only hold up is the people I know who are the loudest on silver, are also the exact type I just mentioned LOL. Either way, long term returns on silver are what they are. Will be curious to see how it plays out, I only have a little and don't plan on getting in at these prices.

I agree with you. There are those panicking over global concerns, and others looking at industrial demands.
China of course has a major role in some of this as well.
https://www.bloomberg.com/news/arti...ump-in-china-poses-fresh-risk-to-a-hot-market
https://blockonomi.com/silver-prices-surge-as-china-export-restrictions-deepen-global-supply-crisis/

Look at the recent surges in Bit Mining sites, Cloud Storage facilities and now AI Data centers and you will see a direct correlation with the prices of Gold, Silver and Copper. All three of these are essential for construction of these facilities.