An A&M class ring (men's) has about $2000 of gold in it at today's price.

Dungeon Crawler Carl said:

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BREAKING: Shanghai silver prices soar to a record $105/oz, now trading at a massive +$13/oz premium to spot silver prices in the US.

The physical silver shortage in China is intensifying. pic.twitter.com/0xW7OPIodC

— The Kobeissi Letter (@KobeissiLetter) January 14, 2026

This is going to get interesting.....

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The Chinese don't trust banks or their government, they will hoard physical metals.

I guess that makes me a Chinaman.....

BREAKING: Gold extends gains to a record $4,850/oz, now up +$260 in 48 hours.

We are all witnessing history right now. pic.twitter.com/wMkRFkEqrU

— The Kobeissi Letter (@KobeissiLetter) January 21, 2026

Gold is up over $75, trading above $4,838. Gold is up almost $250 so far this week, and it’s still only Tuesday in the U.S. I remember when it took gold months, sometimes years, to move up that much. Now it happens in just a few days. Soon it will happen in just one day!

— Peter Schiff (@PeterSchiff) January 21, 2026

Nothing to see here folks.....Just gold ripping higher. $5000 within spitting distance.


Is it the gold becoming more valuable or the dollar becoming worth less??????


BTW - if you are looking for answers, do some research into when gold started to rip higher......

Hint: It was right around the time the Biden Admin decided to seize Russian assets and kick them out of SWIFT.

Hey bankers!!!! I'm not selling.

Yep. We destroyed whatever safe-haven the dollar was allegedly providing.

fc2112 said:

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An A&M class ring (men's) has about $2000 of gold in it at today's price.

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$2060 as of this mornings quote price for 10k ring.

BTW - I still have my high school class ring. Not much gold, but it is 10k. I'll sell it this week.

A solid silver dollar is worth $70. Where can I sell mine?

Anyone looking to sell precious metals - go to Mansfield Fine Jewelry and ask for the owner, John. Tell him you're my friend and he'll give you the best, honest price in the DFW area.

Email me at my username AT yahoo DOT com and I'll give you the name to use.

Gold and silver have no top because fiat has no bottom. I hope getting to fly ur Ukraine flag in ur FB page was worth it. The whole system is a lie.

Queso1 said:

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Yep. We destroyed whatever safe-haven the dollar was allegedly providing.

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We also showed that the US is willing to weaponize its currency. So, between the rapid debasement of the US dollar thanks to massive money printing, you can throw that into the mix as well.

That's what I meant to say, but you did a far better job.

Dungeon Crawler Carl said:

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BREAKING: Gold extends gains to a record $4,850/oz, now up +$260 in 48 hours.

We are all witnessing history right now. pic.twitter.com/wMkRFkEqrU

— The Kobeissi Letter (@KobeissiLetter) January 21, 2026

Gold is up over $75, trading above $4,838. Gold is up almost $250 so far this week, and it’s still only Tuesday in the U.S. I remember when it took gold months, sometimes years, to move up that much. Now it happens in just a few days. Soon it will happen in just one day!

— Peter Schiff (@PeterSchiff) January 21, 2026

Nothing to see here folks.....Just gold ripping higher. $5000 within spitting distance.


Is it the gold becoming more valuable or the dollar becoming worth less??????


BTW - if you are looking for answers, do some research into when gold started to rip higher......

Hint: It was right around the time the Biden Admin decided to seize Russian assets and kick them out of SWIFT.

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Russia had been heavily stocking gold since Crimea. That is what allowed them to survive the SWIFT action. They lost about half of that gold post Ukraine because it was not physically in their country and was seized by the international community. That loss has now been made up with the new price levels.

Dave Janda agrees with you

BREAKING: Gold and silver prices fall sharply as President Trump announces he is no longer imposing new 10% tariffs on the EU.

This is the most tradable and profitable market of all time. pic.twitter.com/4Y7jkmLZLn

— The Kobeissi Letter (@KobeissiLetter) January 21, 2026

Jan 21 1:40 pm 1.2 million views.

BREAKING: Silver surges to a new record high of $95.88/oz, now up another +34% in 2026.

Silver is about to post a 9-month win streak. pic.twitter.com/YNz35J9QXj

— The Kobeissi Letter (@KobeissiLetter) January 22, 2026

Jan 22. 9:56 am 61.3K views

LOL

If you are expecting an orderly market, this ain't for you......Volatility is ridiculous and only going to get more chaotic throughout 2026.

Keep stacking folks and buckle up.

The run to $500 silver is going to be insane.

With #SILVER trading at $96.28 in New York, and over $108 in Shanghai, now the premium in India just shot up to $8 over the Comex. pic.twitter.com/3dn32L8zfg

— Chris Marcus (@ArcadiaEconomic) January 22, 2026

Short story, the two most populous countries (approximately 2.9 billion) people with a long history of precious metals accumulation and two of the largest electronics manufacturers in the world, are offering $8 to $12 premiums over Comex on delivery of physical silver.


Nothing to see here folks. Nothing at all.......

I think the silver market manipulation that's been going on for the last 30-40 years is finally being ripped away, which is fine by me. I have no idea where it ends up from a price perspective but I'm not selling any physical. As a a matter of fact, the "silver as a hedge" argument looks to only be strengthening (same with gold) if your thesis for holding was as insurance against inflation and fiscal irresponsibility. $500 silver might be a stretch but $150-$200 won't surprise me and neither would $10,000 gold.

Silver hit $100 this morning.

Queso1 said:

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Gold and silver have no top because fiat has no bottom. I hope getting to fly ur Ukraine flag in ur FB page was worth it. The whole system is a lie.

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Gold is fiat, too.

Gold has been around as currency long before the first fiat system was ever introduced

94chem said:

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Queso1 said:

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Gold and silver have no top because fiat has no bottom. I hope getting to fly ur Ukraine flag in ur FB page was worth it. The whole system is a lie.

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Gold is fiat, too.

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Talk about chunking a grenade into the room!

There's some argument there for sure...gold's price discovery occurs in fiat markets, it's liquidity depends on fiat exchanges, it's purchasing power is expressed through fiat conversion (the vast majority of the time). So for the vast majority of people and the vast majority of transactions, gold is subordinate to fiat.

There are increasing opportunities for gold as real money being created legally but that will be a long drawn out battle as the creators of the most dominant fiat in history have the most supreme military, currently.

The classic definition of money is that it must be a store of value (check), unit of account (not typically), and a medium of exchange (increasingly so but still converted to fiat for use 99% of the time).

With respect to the unit of account, we do price things in terms of gold but they are usually alternative measures and not standard clearing units (that's dollars, euros for the most part).

I'd say gold is a non-fiat monetary asset currently priced in fiat terms. Not a derivative of fiat but still subordinate to it. I'd say once fiat isn't the predominant settlement layer, then gold is free to be real money again.

I agree with most of what you said however you're way too conservative with the price call. Just watch the ratio. Historic 10:1 = $500 silver today. EDIT: this isn't just gold and silver. Look at the action in copper, platinum, palladium, etc....

There are going to be all sorts of twists and turns this year. I fully expect a 30-50% pull back sometime before we run through $300 before June. IMO The banks/CME/LBMA are going to get desperate before March (1st Official Delivery Month in 2026). They'll shoot their best shots to keep the price tamped down before then.

This story is way much more than just the bank price manipulation. There are broken supply chains, geopolitical issues, soaring industrial demand, US banks going long, etc, etc, etc...


I have been listening to the guys within the industry for years. This isn't a surprise for anyone. There is plenty of info out there to develop an accurate picture of where the market is going. We just have to do the research. The only part of the picture that is missing is what the banks are doing behind closed doors.....

For instance: Rob Kientz has a metals shop in DFW and been in the industry for 16 years. He explains what he thinks is going on using real world examples.



Andy Schectman is a primary dealer for US Mint and has 36 years in the industry.

https://www.youtube.com/live/AmUWTFbhF_A?si=5m5U6kEY_5qMUtNf

And there it is!
Congratulations, everyone. pic.twitter.com/Myl8P1Kl11

— TF Metals Report (@TFMetals) January 23, 2026

Shanghai silver premium hits record 12, jumping by 50% overnight.

China's momentum kamikazes are bankrupting the country's solar industry pic.twitter.com/EuE03FkiJC

— zerohedge (@zerohedge) January 23, 2026

we are just getting started

nothing stops this train$nothing pic.twitter.com/mnkXW5SRTB

— Neal (@nothingchanges) January 1, 2026

I didn’t choose the tard life.
The tard life chose me. pic.twitter.com/wipcDuy4dF

— Liberty Lyss (@liberty_lyss) January 23, 2026

94chem said:

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Queso1 said:

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Gold and silver have no top because fiat has no bottom. I hope getting to fly ur Ukraine flag in ur FB page was worth it. The whole system is a lie.

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Gold is fiat, too.

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Perhaps I am missing your point, but from my perspective, gold is most certainly not fiat.

Dungeon Crawler Carl said:

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BREAKING: Gold and silver prices fall sharply as President Trump announces he is no longer imposing new 10% tariffs on the EU.

This is the most tradable and profitable market of all time. pic.twitter.com/4Y7jkmLZLn

— The Kobeissi Letter (@KobeissiLetter) January 21, 2026

Jan 21 1:40 pm 1.2 million views.

BREAKING: Silver surges to a new record high of $95.88/oz, now up another +34% in 2026.

Silver is about to post a 9-month win streak. pic.twitter.com/YNz35J9QXj

— The Kobeissi Letter (@KobeissiLetter) January 22, 2026

Jan 22. 9:56 am 61.3K views

LOL

If you are expecting an orderly market, this ain't for you......Volatility is ridiculous and only going to get more chaotic throughout 2026.

Keep stacking folks and buckle up.

The run to $1,000 silver is going to be insane.

---

FIFY

Consumers and normies remain ignorant of what's going on.

Queso1 said:

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Perhaps I am missing your point, but from my perspective, gold is most certainly not fiat.

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Why not?

Fiat by definition is inconvertible money made legal tender solely by government decree.

If people cease recognizing the value of a dollar, it's just Monopoly money and has no true value beyond wiping your butt or as kindling.

Gold and silver still hold intrinsic historical significance as a store of wealth and have real world uses beyond fire starter and toiletries.

I understand that gold might have slight fiat characteristics and is subject to people recognizing its value, but it's significantly more real than a paper dollar. If gold is classified as fiat, what wouldn't be fiat, land or control of labor? I figure that even land or control of labor could be reduced to being fiat if the need for land or human labor were somehow eradicated, but like gold that's a long shot.

Queso1 said:

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Fiat by definition is inconvertible money made legal tender solely by government decree.

If people cease recognizing the value of a dollar, it's just Monopoly money and has no true value beyond wiping your butt or as kindling.

Gold and silver still hold intrinsic historical significance as a store of wealth and have real world uses beyond fire starter and toiletries.

I understand that gold might have slight fiat characteristics and is subject to people recognizing its value, but it's significantly more real than a paper dollar. If gold is classified as fiat, what wouldn't be fiat, land or control of labor? I figure that even land or control of labor could be reduced to being fiat if the need for land or human labor were somehow eradicated, but like gold that's a long shot.

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The definition of fiat money seems to be arbitrary, essentially anything that isn't gold or silver.

Using that definition, fiat money certainly has many problems, but if one studies monetary history, the use of gold and silver as money also has major problems.

We are not going to solve our fiscal woes with any single magic fix such as switching to gold or silver money. Our problem is a moral problem, not a monetary problem. That moral problem is our politicians spending more money than our government receives, and spending money on efforts that actually degrade the moral fiber of the citizenry.

Throughout history, it has been the middle class and small to medium businesses that have resisted gold and silver as the exclusive monetary system and have demanded "fiat money" instead. For great swathes of American history, we even allowed banks to print and distribute their own money!

Quote:

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Using that definition, fiat money certainly has many problems, but if one studies monetary history, the use of gold and silver as money also has major problems.

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The problem isn't fiat existing. Fiat can do fine if properly pegged to a reliable store of value. The issue is removing that pegging in 1971, inflating fiat to epic proportions in an attempt to "manage" the booms and busts, which created larger booms and larger busts. But because of what they did in 1913 and 1971, those larger busts are funded by the taxpayer, the middle class, and the productive, while the entities that loosen fiat and create the unsustainable fake booms are bailed out and made richer.

But even that only works so long. Ultimately, the law of gravity will return to financial markets. The ones who previously benefitted from the booms and the busts will lose everything. Purchasing power will return to the people.

Unfortunately, the process of getting there is going to punish everyone equally before the middle class starts to benefit.

Agreed. But I'm far beyond advocating for a different system. That's way out of my league and I recognize that central banking and fiat have allowed for more individuals to amass considerable wealth that might be impossible under a strictly gold/silver system.

I'm only saying that the system is broken. Our federal government cares more about war, enriching the elites and government officials, importing the third world and increasing moral degeneration than it does about its citizens.

We routinely pardon criminals guilty of corruption, bribery and graft. I have no faith in such a system.

Heineken-Ashi said:

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Quote:

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Using that definition, fiat money certainly has many problems, but if one studies monetary history, the use of gold and silver as money also has major problems.

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The problem isn't fiat existing. Fiat can do fine if properly pegged to a reliable store of value. The issue is removing that pegging in 1971, inflating fiat to epic proportions in an attempt to "manage" the booms and busts, which created larger booms and larger busts. But because of what they did in 1913 and 1971, those larger busts are funded by the taxpayer, the middle class, and the productive, while the entities that loosen fiat and create the unsustainable fake booms are bailed out and made richer.

But even that only works so long. Ultimately, the law of gravity will return to financial markets. The ones who previously benefitted from the booms and the busts will lose everything. Purchasing power will return to the people.

Unfortunately, the process of getting there is going to punish everyone equally before the middle class starts to benefit.

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1971 actually proves the opposite. Congress was deficit spending before that even though we were still tied to the gold standard, albeit barely. Nixon had no alternative because of the deficits.

And Congress incurred massive deficits during the Civil War and the two World Wars, even though we were still on the gold standard. However, we quickly repaid the debt after the Civil War and WW 1 because of the moral belief that debt was bad.

It wasn't fiat currency that changed things. It was a change in the attitude toward permanent debt.

Queso1 said:

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Agreed. But I'm far beyond advocating for a different system. That's way out of my league and I recognize that central banking and fiat have allowed for more individuals to amass considerable wealth that might be impossible under a strictly gold/silver system.

I'm only saying that the system is broken. Our federal government cares more about war, enriching the elites and government officials, importing the third world and increasing moral degeneration than it does about its citizens.

We routinely pardon criminals guilty of corruption, bribery and graft. I have no faith in such a system.

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You are 1000% correct on all you post.

Widespread and pervasive corruption seems to me to be the best explanation for almost everything that ails DC, especially the R's that run as fiscal and moral conservatives and then vote the complete opposite once in office.

Aliens discuss debt.

Brilliant. pic.twitter.com/FNUjKS1WnX

— The Wolf Of All Streets (@scottmelker) June 4, 2025

anyone know if the Gold Miners stocks are doing just as well as the actual underlying price of GLD?

KingofHazor said:

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Heineken-Ashi said:

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Quote:

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Using that definition, fiat money certainly has many problems, but if one studies monetary history, the use of gold and silver as money also has major problems.

---

The problem isn't fiat existing. Fiat can do fine if properly pegged to a reliable store of value. The issue is removing that pegging in 1971, inflating fiat to epic proportions in an attempt to "manage" the booms and busts, which created larger booms and larger busts. But because of what they did in 1913 and 1971, those larger busts are funded by the taxpayer, the middle class, and the productive, while the entities that loosen fiat and create the unsustainable fake booms are bailed out and made richer.

But even that only works so long. Ultimately, the law of gravity will return to financial markets. The ones who previously benefitted from the booms and the busts will lose everything. Purchasing power will return to the people.

Unfortunately, the process of getting there is going to punish everyone equally before the middle class starts to benefit.

---

1971 actually proves the opposite. Congress was deficit spending before that even though we were still tied to the gold standard, albeit barely. Nixon had no alternative because of the deficits.

And Congress incurred massive deficits during the Civil War and the two World Wars, even though we were still on the gold standard. However, we quickly repaid the debt after the Civil War and WW 1 because of the moral belief that debt was bad.

It wasn't fiat currency that changed things. It was a change in the attitude toward permanent debt.

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While it worked for a long time, the end result is going to be catastrophic. Debt based systems are can kicking systems. Markets and economies run through cycles. Using debt and fiat printing to smooth the down cycles only means you will eventually get there anyway, but just from a much higher starting point. What you call "proves" right now will be looked back on in the future as "absolutely idiotic". That's MMT for ya..