3/24/2025
Yes there are scads of ads for gold and silver on TV, protect your portfolio they say.
But seriously is gold legal tender? Walk into a big box store and try to buy $2500 of appliances with a one ounce gold coin. I Imagine your offer will be rejected.
The US mint will sell you a .895 ounce silver coin for yes $95. IS that a good deal? Silver is selling for $35 an ounce. I don't think so.
https://www.usmint.gov/peace-silver-dollar-2024-proof-coin-24XL.html?&cm_mmc=Bing-_-BRAND+%7C+MSN+%7C+Brand+-+Exact+-+US+Mint-_-BRAND+%7C+US+Mint-_-US%20Mint&cc=BRAND&msclkid=5b2aa91ab2b01c60f087cefb7f0c95b8&utm_source=bing&utm_medium=cpc&utm_campaign=BRAND%20%7C%20B%20%7C%20USM%20Geo%20Targeted&utm_term=US%20Mint&utm_content=US%20Mint&gclid=CLmgwe_To4wDFTivxQId-0s09Q&gclsrc=ds
From a Dow Theory stand point, silver has never confirmed the new highs in gold. It is $35 well below the 1980 high, and considering the inflation since 1980 that is saying something.
Another problem with gold and silver is that someone has to confirm the gold or silver is real. That costs money and is unrealistic for every day transactions.
Let's watch gold and silver prices.
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