I expect EV sales and AI stocks to tank over a period of time.
More technology isn't always the best pursuit.
Even if gold and silver drop for a while, the coins with real numismatic significance hold their own and continue to appreciate. After all, the only people who buy precious metal coins are avid collectors who are in for the long haul, and the dealers who help them get there. Coin Collectors typically hoard coins, which takes those coins out of the marketplace, which reduces supply vis-a-vis rising demand, which makes coins on the market scarce, which naturally drives up the prices. Voila!
Institutional investors which buy gold, silver and platinum generally do not buy coins ... they buy bulk bricks ... and they do this solely to make quick profits, which causes the significant fluctuations in spot metal prices.
Jewelry manufacturers keep raising prices steadily regardless of spot metal prices. High-end jewelry is a slowly-fading market, and the high-end retailers just keep raising prices in hopes of keeping revenue more or less constant while volume slowly decreases over time. Mass-market jewelry is tasteless, but the masses can't afford the high-end prices, eBay/Etsy and other 2nd market prices on used high-end jewelry keep rising, some almost as high as current retail, so the masses can't afford that either, so the mass-market manufacturers will continue to do well because nobody ever went broke underestimating the taste of the American public. ![]()
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