The most asked, but unanswerable question is, “Will it go up tomorrow?” My answer is always, “If I knew what will happen a half hour from now, I’d be the richest man on Earth.” I do know this though, that everything will go ‘up,’ not in value, but in purchase and sell prices. Maybe not tomorrow, but world history cannot be defeated, so the answer is, ‘yes.’
A few days ago, gold reached its all time high of $2952, and a couple of days later, went down $94, to $2858. Ten years ago, gold was $1042, and when I was born in 1934, FDR had raised gold to $35, from its hundred year price of $30.67.
(Bit-coin, the fools’ plaything, has lost about $18,000, and is still backed by nothing. An actual, physical, bit-coin is virtually impossible to physically possess, as it is merely a computer entry. When it started, it took two bit-coins to buy a pizza.)
Silver reached a high of $34.55, and a couple of days later, it had lost $3.42, to $31.25. Ten years ago, silver was $11.95, and when I began dealing in metals, in November of 1977, silver was, as I remember, $1.00, and in 1934, the year I was born, it was 24 cents an ounce. Remember silver coins, which evaporated 61 years ago? A silver quarter is now worth over $5.00! I have hundreds of them.
In 1934, gasoline was 18 cents a gallon, milk 50 cents a gallon, candy bars a nickel, and a matinee at the local Bijou was a dime. The average yearly wage was $438. Both metals would have been a great inflation hedge then, as they are now.
In 2025, are the milk, gasoline or candy different, or maybe the dollar and cents price you pay for them, has ‘gone up?’ Or, the value of the dollars and cents, has gone down? Both are the same thing!
Every time I go to a super market or get gasoline, I say to myself, ”Damn, it has gone up again.” Same expression we all use! Guess what? Probably gold and silver have ‘gone up’ too, and you say to yourself the same words, which are, “Damn, they have gone up again.”
Did I buy gold and silver, when I first began dealing them in November, 1977? Yes, and I still do so when there is a price drop, like now. I know they will go up again, without any doubt, unless Trump and Musk balance the budget, which is impossible, because 76% of government spending is for things mandated by politicians’ votes over the years, such as Medicaid and Medicare, and hundreds of other handouts. Both Republicans and Democrats have gotten us into the mess. Interest on the national debt exceeds the cost of the military, which defends us! I hope DOGE can save a couple of trillion dollars. That will be wonderful, but it won’t balance the budget and eliminate the printing press currency we have, and which printing press, un-backed currencies around the world, have bankrupted all nations in history. Will America be the first nation in history, to defeat inflation caused by printing press money? You decide. I’m already adding to my insurance!
-Don Stott, don@coloradogold.com