Have you ever lost a couple hundred dollars at a race track or blown a wad of cash betting sports over a weekend or dropped a grand or two in Las Vegas, or, worse yet, playing online poker or other games?
If you haven't, you might want to consider buying some gold or silver, and doing it soon, if not right now.
The reason is that losing money at the track or online or even in Vegas, baby! is gone. Gone. Forever. You may believe that you can win it back, but the reality is that you have to put up more of your own capital to do so. It's a trap most compulsive gamblers fall into without even knowing it. You never win it back. The odds are stacked against you. The best you can hope for is to lose a little less.
So, there's gold and silver. Easy to buy, relatively safe to have shipped by the U.S. Postal Service or purchased from a local dealer, and quite simple to store at home in a safe place. The great thing about precious metals is that they never lose, or, to put it more succinctly, you can never lose them (unless, as the joke goes, you have a tragic boating accident and your bullion has found its way to the bottom of a lake or ocean).
The price of gold or silver can go down, but, that's not been the case lately, and, even if the price does go down, a quick check of your socks drawer will reveal the truth about precious metals: they're still there.
Gold, which continues to set all-time highs against the dollar and every other fiat currency day after day, this morning hit $3,828.20 on the COMEX. Silver hit $44.72. A month ago, they were $3,417.50 and $39.21, respectively. They've gained 11.7% and 13.7%, with silver the big winner. Year-to-date, gold is up 44%; silver 52%. If you bought either at the end of last year or early in January of 2025, you're ahead enormously.
Long-time stackers who were buying gold at $700, $1100, or even $1800, and silver at $7, $14, or $21, are sitting literally on a pile of gold (or silver).
The kicker is that it's still not too late. Measured against the U.S. dollar or any other fiat currency - which is all of them - they continue to rise. Stocks keep going up as well, but those digits you see on your computer screen, be they five, six or even eight figures large, are subject to change, and those are changes over which you have absolutely no control.
The gold and silver in your closet, or at-home safe is never going to change. They're always going to be worth something and they will always and forever be bars, rounds, or coins of set weights, be those grams, ounces, or, if you're one of the lucky ones, pounds.
The chance that gold or silver will be worth less in a day, a week, a month, a year, or beyond is very slim. The precious metals, including palladium and platinum, continue to reflect the realities of modern government finances, which are, today, deeply indebted, losing value (inflation), and likely to be replaced by something other than dollars, yen, euros, francs, lira, yuan, rupees, etc. Something more solid.
They'll be replaced by gold and silver will be along for the ride.
That's the message precious metals are sending to the markets. Are you listening?
As the gambling horde of investors, speculators, and shiftless managers readies for another day of paper-chasing, stock futures are flat, with only the Dow futures up around 50 points.
Gold and silver are already up more than one percent each.
At the Close, Monday, September 22, 2025:
Dow: 46,381.54, +66.27 (+0.14%)
NASDAQ: 22,788.98, +157.50 (+0.70%)
S&P 500: 6,693.75, +29.39 (+0.44%)
NYSE Composite: 21,542.47, +48.51 (+0.23%)
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