Well I DID say it would be a temporary high, but you're missing the point. You can't go entirely off of historical precedent with this type of scenario, because there ISN'T a specific historical scenario the perfectly mimics the one we find ourselves in (hence why I referred to it as a once in history event instead of once in a generation or something similar). I'm not much of a crypto person, but people said the same thing about crypto and then bitcoin went from a few hundred dollars a coin to peaking at nearly 18K an oz over the course of a year because of FOMO and supply scarcity back in 2017 and 2018.

That's honestly the best example I can think of to explain what this would be and compare it to and even that isn't an exact one for one, because as I said, assuming world governments start going back to a gold backed or bimetal monetary system, that will crash supply while skyrocketing demand. Combine that with FOMO from investor type buyers, the ones manipulating the price collapsing as institutions and organization, AND general economic uncertainty form the global collapse of the central bank fiat system, and you'll have a small period (I estimate maybe a month or two max) where you'll get those absurd once in history numbers where you could convert your holdings into absurd and quickly convert that into real assets for long term wealth and income generation.

People will find money for this type of thing, junk silver (the type of old coins that aren't pure silver and other such items) will probably become the go to for "normal people" trying to get in from the hype, while actual bullion will be bought up by institutional investors, the wealthy, and what banks don't collapse, possibly even the governments if a bimetal system is adopted.

So it's less that there won't be anyone to buy at absurd levels, and more just the traditional dynamic of stackers being the ones buying oz coins and bars being torn asunder as those same coins and bars are now worth a years salary and now stackers and other normies can only afford junk silver, while bullion grade silver gets put into the same category as gold bullion as far as investments go. Meaning its an entirely different class of buyer.

You also have to consider that, outside of the previous metals markets, other financial markets aren't doing so well. We have MULTIPLE massive bubbles much larger than 2008 and even the great depression ticking away as we speak. The AI bubble, private equity bubble, commercial real estate debt bubble, another residential real estate bubble, etc. Every single one of these is primed to pop and cause a domino effect that would destroy the entire global economic system at once with basically no way of controlling it beyond deciding WHEN it happens. And when that happens, precious metals and other assets (admittedly even crypto will probably benefit) will skyrocket as those WITH money rush to protect themselves, adding ANOTHER layer of compounding to all of this.

I agree with you this is NOT sustainable, and there's no way in the long term gold is worth hundreds of thousands to a million plus an oz or silver tens of thousands to a few hundred thousand an oz. That's absolutely not sustainable in any way.

BUT, for a brief period of time (again, I'm personally estimating a few months from start to peak, to crash) those stupidly absurd valuations probably WILL be "the norm". It'll be like bitcoin or meme stocks on steroids, and anyone who plays it smart and doesn't get greedy (IE, doesn't try to hit the peak but cashes out at a reasonable valuation for their personal situation) will come out of this like a bandit.

I wasn't kidding when I said this is a once in history type of scenario. All of the pieces that had to come into place PERFECTLY for this specific thing to happen will probably never happen again due to a combination of regulation, changes to the economic system, market normalization, etc. etc. So historical precedent is good for the END price estimation yes, but as far as the peak price? You have to look to other precedents besides historical gold and silver prices. Investor culture today is much different than it was 70 years ago (Wall street bets and FOMO types), and economic conditions like what we currently have are kind of unique in a historical context.

Overall, everyone should just make the decision for themselves. I PERSONALLY think people can still make A LOT of money if they get in at this point since the potential for more is still there (someone did the math on another post a few days ago, and based on the current supply and demand, without manipulation silver SHOULD be $12,500 an oz I believe they said, due to destroyed supply from industrial use, lower mining rates, and perpetually increasing demand from multiple sources), but everyone has their own "get in" and "get out" hurdles.

Regardless, and this is probably the most important thing in all of this, this is all just a sign the cabal has lost control and this war is nearing its end, which is good for all of us.