Booney wrote:Jimmy_041 wrote:Gold about to breach USD5,000
Silver about to breach USD100
It's LSE but so what
I bought SLV3 on 23rd December last year
Its just ticked over 1 month..............
https://au.finance.yahoo.com/quote/SLV3.L/ 
Kochie gave a very good explanation of why gold, silver and copper are so high.
The AUD is trading at 0.70 USD, on the back of the uncertainty around the US economy some of the bigger financial investment firms in Europe ( like our Super money ) are putting their trust in the precious metals not the orange mans green back.
If Koch said
the silver price was because of the USD or Trump, he is wrong.
Of the 8% increase in Silver last night, normal trading contributed 6.69% and the change in the USD was 1.32%
The biggest influence over silver was the United States officially classifying silver as a critical mineral (instead of a precious metal) in November 2025.
It has an indispensable role in clean energy (solar panels, EVs), high-tech electronics (semiconductors, 5G), and defence systems. There is double the silver in an EV than a normal car
There is a worldwide shortage of silver and the biggest producer; China has severely restricted exports for 2 reasons:
1. To use themselves
2. As part of the trade war with the US
In 2024-2025, there was a deficit of 230 million oz in supply v demand.
I'm not taking the credit for this one.
Mrs Jimmy picked it in late 2024 and got us investing in silver. She's up 200%+ since early last year
We have always had a gold stash since 2000 but added silver & platinum last year
dedja: Dunno, I’m just an idiot.
