Obviously, gold (and silver) are money and fiat is all credit. As the infamous JP Morgan (I spit on his grave) correctly said. But the ability of the fiat cartels to manipulate metals is endless. Still, I think silver has a LOT more upside than downside risk. Especially when inflation comes back into the scene. But I've held ag for many years now as a safety net. I'm up safely, but probably break even with 'flation. It's not an easy road to get rich on. But it's a good idea to have 10% in both metals, tbs.
Short term SIZ22 looks like it has some more room to run. Beyond that, who knows really? As for precious metals being money, no just shiny stuff that some pay up for. Just like a Ferrari or Lambo.
Lead is about as precious a metal as saying you collect stamps because they are valuable for the paper they were printed on.
Not if they remain out of favor for years and years and years... Over the past decade, PMs have performed dismally compared to stocks and cryptos. It would take something monumental to change the deeply entrenched negative attitude towards PMs.
So buying when something is going up is stupid while buying when something is going down is genius? Who knew. And just to put a finer point on it, you don't get rich by buying when assets are most out of favor. The getting rich part happens when they start to appreciating in market value. As an aside, I would think that a 5-year-old can also be taught to buy while prices are still declining. Unless, of course, he or she bought right at the longer term turning point. That would be a neat trick for any-year-old. And, finally, a reminder of something we all know: “The market can stay irrational longer than you can stay solvent.” - John Maynard Keynes