Oh, I expect that Comex will keep a lid on for a while more yet.. what is popping is physical gold premiums
I watch gold eagles and junk silver on Apmex.
Gold is holding at $180 premium - no matter what the price does. ( It used to be the premium would come down a bit if price went up)
Silver is at $13 (when I bought in 2008 it was $0.13)
And vendors are starting to regularly offer prices OVER SPOT to buy -- so spot price is beginning to become meaningless.
This guy does a more comprehensive job at watching this:
https://didthesystemcollapse.org/Bottom line, don't watch spot. watch what it take to sell or buy an ounce ..
Also remember this isn't an "investment" - its a hedge. I see so many peolpe thinking they are going to "get rich"
No, the dollar is going to go to zero.
There will be some increase due to"money" value if its traded often-- but by an large an oz of gold will buy in 10 years what it buys now, cause goods and resources in a post dollar will become more scarce driving prices up. Some things made locally may be cheaper relative to gold, but most stuff involving transportation will be far more expensive.
If you have dollar denominated debt get ready to sell bullion at the right time to pay it off. I am hoping for a gold to dollar price of over 20K...at which point I am paying of the mortgage and the kids student debts.. The problem is if you wait too long - they are likely to simply - by fiat - convert your loans to "new dollars" - probably in CBDC
Oh you have a 300K loan in old dollars, and a salary of 100K in old dollars, well after CBDC you have a 600k loan in CBDC , but your new job ( if you have one) will be 50K CBDC. Have fun.
Banks will just sell your loan to Black rock and then they will claim they own the property and ask for rent -- and if you don't pay it, your CBDC credit score goes down. Not that it matters a lot -as most people are going to "just squat" in their own homes if they have to , and shoot at any enforcers who think they are serving eviction papers.
