Gold makes new record high $3,646.29, spot silver to $41.29

 Reuters.

Gold hit a record high $3,599.89 on Friday Sep 5 2025, silver holds just under $41

 

Gold hit a record high $3,578.50 today, silver rose to $41.34

 Safe-haven gold rally gains further momentum after soft US data

... Spot gold was up 1.2% to $3,576.59 per ounce by 2:25 p.m. EDT (1825 GMT), after hitting a record high of $3,578.50. ... 

Riding the wave of gold's rally, spot silver rose 1.1% to $41.34, its highest level since September 2011. ...

 

Gold briefly makes new record high $3,508.50 . . . and $3,529.93 in the PM Update per Reuters

 

 ... Spot gold was steady at $3,476.48 per ounce, after hitting a record high of $3,508.50 earlier in the session. Bullion has gained 32% so far this year. U.S. gold futures for December delivery gained 0.9% to $3,546.80. ... Spot gold prices rose 27% in 2024, and broke the $3,000 per ounce level for the first time in March ...

More.

PM Update per Reuters:

... Spot gold was up 1.5% at $3,529.01 per ounce as of 2 p.m. EDT (1800 GMT), after climbing as high as $3,529.93. Bullion has gained 34.5% this year. ... 

Spot silver inched up 0.4% at $40.84 per ounce, after hitting its highest since September 2011. ...

Silver hits 14-year high

... Spot silver rose 1.6% to $40.31 per ounce, the highest since September 2011. ...

More. 

Gaslighting: Spot gold to $3,433.99, spot silver to $39.14 on persistent core inflation of 2.77% average yoy for the last 18 months, 85% higher than the old normal, not on rate cut probability

 

They want a rate cut so bad, everything points to one, including what doesn't. 

 Gold on track for best month in four as inflation data bolsters rate cut bets

... Spot gold was up 0.5% at $3,433.99 per ounce. Bullion has gained 4.4% in August so far. U.S. gold futures for December delivery rose 0.7% to $3,497.30. ... 

Spot silver added 0.2% to $39.14 per ounce and gained for the fourth straight month. ...                        

PM Update:

... Spot gold was up 0.9% at $3,447.09 per ounce. ... Spot silver added 2.1% to $39.89 per ounce ... 

Gold and silver prices are up big in the last two years

 Spot gold on Friday: $3,373.89, up 75% since September 2023.

Spot silver: $39.01, up 69.5%.

-- Reuters/CNBC 

The market cap of all silver estimated to have been mined through 2019 is up about 70 percent in the last eighteen months

 

early February 2024

early August 2025

Silver's having another moment

 

Gold and silver don't care about one of these, crypto on the other hand . . .

 

Mad King Ludwig bans the penny

 

Congress has the exclusive power to coin money and regulate its value, not the president, according to the US Constitution.

But since all coin and currency is worthless, thanks to Congress, does it really matter anymore?

The thieving Roman emperors infamously diluted the value of coinage from time to time by reducing the amount of gold and silver contained in the coins. 

Since we had real money once upon a time, our founders didn't want one man potentially messing with the money, so they put Congress in charge, because they really did think a president could become a tyrant.

But our perfect, holy founders who supposedly thought of everything never anticipated that the Congress itself would become the thieving bastards, the naifs.

The 1913 dollar is now worth three measly cents, but even that Mad King Ludwig will now take away.

If we were a free people, we wouldn't put up with this.

The principle remains, even if the circumstances have changed.

 Trump takes aim at ‘wasteful’ government spending by ordering end to penny production

But at least one analyst on Wall Street expects that the penny’s days are numbered. TD Cowen’s Jaret Seiberg said the halt will [be] likely to pass judicial review, leading to a shortage in the coin.

“We believe this order would survive judicial review, which is why this is likely to occur,” Seiberg wrote on Monday. “We worry about this leading to a shortage of pennies, which could force merchants to pay banks more for coins. It also adds legal risk for merchants and banks. That could create the crisis needed to force Congress to act.”

 

Gold prices continued their record run on Wednesday

 

... Spot gold was up 0.8% at $2,865.61 per ounce by 01:59 p.m. ET (1859 GMT), after hitting a record high of $2,882.16 earlier in the session. ... Spot silver rose 0.8% to $32.36 per ounce . . ..

-- CNBC

Gold hits record high as investors flock to safe-haven amid tariff war

 Spot gold gained 1.1% to $2,843.06 per ounce after hitting a record high of $2,845.14 earlier in the session. ... Spot silver rose 1.9% to $32.15 per ounce.

-- CNBC

Gold and silver and yields, oh my

 

Prime Rib and Pork Chops and Scampi, Oh My

Gold prices fell over 1% after hitting a record high on Wednesday, as a stronger dollar and a rise in U.S. Treasury yields countered support from safe-haven demand linked to the Nov. 5 U.S. election and Middle East war.

Spot gold was down 1% to $2,721.12 per ounce as of 12:25 p.m. EDT (1410 GMT) after hitting a record high of $2,758.37 earlier in the session.

U.S. gold futures fell 0.9% to $2,734.60. ...

Spot silver fell 3.1% to $33.74 per ounce after hitting its highest price since late 2012 at $34.87 on Tuesday.

More.

Gold briefly surged to new high $2,740.37 today

 Spot gold was little changed at $2,723.25 per ounce, as of 1:35 p.m. ET (1735 GMT), after hitting a record $2,740.37 earlier in the session. U.S. gold futures settled 0.3% higher at $2,738.9. ... Spot silver was steady at $33.66 per ounce, after hitting its highest since late-2012 earlier in the session.

More.

Gold hits record high of $2,685.42, drags silver up to $32.71

 Silver rose to its highest level in nearly 12 years on Thursday, riding the coattails of gold’s rally to record peaks on interest rate cuts by major central banks.

Spot silver was 0.7% up at $32.06 per ounce, having hit $32.71 earlier in the day, its highest since December 2012. ...

Silver, which serves as both a safe-haven investment and a key material in industrial applications, has rallied more than 36% so far this year. ...

Spot gold, meanwhile, was up 0.6% at $2,673.06 per ounce, having hit a record high of $2,685.42 earlier in the day. U.S. gold futures for December delivery rose 0.4% to $2,695.8.

More.

This is your periodic reminder that the net worth of U.S. households is $151 trillion but there's only $2.3 trillion fiat currency in circulation anyway

https://fred.stlouisfed.org/series/TNWBSHNO

https://fred.stlouisfed.org/series/CURRCIR 

Meanwhile all the gold and silver in the world hardly close the gap: 

 

 

Remember all those stupid ads on conservative talk radio a few months ago about a breakout for silver?

There was even this story about it in April, "Silver On The Verge Of A Breakout".

Silver's down about 15% since April 19th when the story was published.

What they didn't tell you was the expected breakout was to the downside, and "it would be really nice of you to buy all this silver I need to unload".

Silver soared to 48.70 in April 2011, but it's been all downhill from there.

Twelve Times Today's Silver Price Means $279 Gold

Louis Woodhill doesn't get there by the same rule, but he's in the same ballpark in this story from May 2012, when the average price of gold was $1,586:

[I]t only makes sense that the gold price be set by the application of a rule, and not via discretion exercised by “experts”.

It is possible to imagine catastrophic consequences to setting the value of the dollar in terms of either a gold price of $800 or $1600/oz.  In The Golden Constant, Roy Jastram argued that, over time, gold maintains its value in terms of the general price level.  If Jastram is correct (and he may well be), the gold price that would be consistent with today’s general price level would be around $225/oz.

Based on the average price of silver in May 2012, twelve times that yielded $343 gold.

Plato's Gold/Silver Ratio was 12, Founding Fathers' 15. At this hour it is 59.7!

Socrates

Now answer this further question: you say that if one acquires more than the amount one has spent, it is gain?

Friend

I do not mean, when it is evil, but if one gets more gold or silver than one has spent.

Socrates

Now, I am just going to ask you about that. Tell me,  if one spends half a pound of gold and gets double that weight in silver, has one got gain or loss?

Friend

Loss, I presume, Socrates for one's gold is reduced to twice, instead of twelve times, the value of silver.

Socrates

But you see, one has got more; or is double not more than half?

Friend

Not in worth, the one being silver and the other gold.

-- Plato's Hipparchus 231cd