Reddit's silver "apes" now targeting silver, opportunity or fool's gold?

[QuarterMillionMan]

Today rec'd my $2000 worth of .999 silver rounds at about $79 each x 26 rounds. Bullion Exchanges had a sale on silver at spot which I jumped on it. Currently they are now selling it below spot which I may buy more.

[james.hendrickson]

@QMM - Silver is stil trading at $80 per troy ounce, which is still amazing when you look at the long term history of the value of the metal.

I mean it was as high as $120 per ounce, but even at $80, its still historically at very high price.

[QuarterMillionMan]

Yes Sir, silver IMHO is real money. I will keep stacking everytime it dips. I like constitutional Morgan & Peace dollars which sells for about $10 below spot price being it is 90% silver. It feels nice to hold. Better than money in the bank which is basically just numbers that are being eroded by inflation.

[james.hendrickson]

Totally QMM, I like the idea of physical assets as well. The only thing is that precious metals don't compound, so the only value you get from holding them is price appreciation. Otherwise, yeah, you should like 3-5% of your portfolio in precious metals.

[QuarterMillionMan]

I have today Juneteenth holiday off where I was planning to go to the beach but instead waiting at home to sign for a Fed Ex delivery of $2000 worth of platinum which is currently at $1670. Last month I bought $2000 worth of silver. If gold drops below $4000, I'll buy a 1 oz gold bullion bar. I'm itching to buy one at $4160 currently. I recently open another medium sized bank safe deposit box 4 x 6 x 12 at BofA for $125 a year which is waiting to be filled with precious metals. I've already filled up another box at another bank. Gold, a tier 1 asset has surpassed US treasuries in central bank holdings, according to Grok which is Elon Musk's AI. Precious metals are real money and central banks know this fact. Don't be the ostrich with its head in the sand. When will the rest of you realize this when gold is at $20,000 an ounce?

Key Milestone (as of end-2025 data, reported in June 2026)

• Gold: ~27% of global official reserves (up from ~20% the prior year).
• US Treasuries: ~22% (down from ~25%).
• Euro: ~15%.

This marks the first time in decades (roughly since the late 1990s/early 2000s, depending on data adjustments) that gold has surpassed Treasuries in value within central bank holdings.

[myrdale]

I don't follow precious metal pricing. I had missed when it it $5k. I find it funny that an ounce of gold is more than x2 platinum.

My guess is the price increase is being driven by inflation and more so data centers.

[QuarterMillionMan]

US Mint is pricing gold at $20,000 an ounce. Silver eagles at $173 an ounce. Do they know something we don't?

[james.hendrickson]

Um....it blows my mind that coin dealers think they can get that much over spot. The spot price for an ounce of gold is like $3,998.00.

[QuarterMillionMan]

I just placed an order for a 10 gram Perth mint gold bullion bar for $1335 from Golden Eagle coins which doesn't apply state tax which in California would be 10%. I saved $133 avoiding the tax. Shipping was free but they use USPS small flat rate priority box which twice in the past months a USPS employee cut open the box and stole my Morgan silver dollars and mercury dimes so I paid $25 extra to ship Fed Ex. I did get replacement Morgans & mercury dimes from them but only after I had to file official USPS claims with the postmaster general of the thefts which I hope the thief gets caught. Golden Eagle coins had looked at their video and confirmed the packer had put in my items and sealed the boxes so somewhere in Maryland or California or inbetween somewhere a USPS employee had cut open the boxes, removed my items, and retaped the boxes and continued to ship it to me. At any rate I'm not taking chances with USPS.