Gold and Silver Are Skyrocketing — Is It Time To Sell? + Free, live webinar Oct. 29 @7pm ET
- David LeBlanc
- 14 hours ago
- 7 min read
Hello again real money believer
It's been another week with gold and silver prices hitting all-time highs. Don't you find that precious metals are everywhere in the news right now. With gold at $4,255 USD and silver at $52.23 USD, it’s hard to scroll through a headline without seeing these all-time highs. Even friends and family are making comments about them for the first time and, naturally, I get asked all the time:"David, should I sell?"
In this week's article, I am sharing my perspective — what I would do if it were my money, why I think precious metals are just getting started, and how you can think more strategically about holding and even swapping precious metals over time to add ounces for free.
If you have any questions while reading or at the end, comment or email me directly — I love hearing from subscribers who are taking steps to protect and grow their wealth.
🗓️ Mark your calendars! I’m hosting a free, live Zoom event on October 29th at 7 PM ET called "Financial Freedom Formula: Why Savvy People Are Moving to Precious Metals". In 45 minutes, I'll share my perspectives on why precious metals are more relevant today than ever, plus show you how to get started today safely (e.g.what's available, what's a good price, safe storage, plus more), and you can ask your burning questions during a live Q&A. You don't need a ton of cash to get started in protecting and preserving your wealth, only the decision to finally regain control of your finances and peace of mind.👉 Reserve your spot here!
OK, so with precious metals soaring, is now the time to sell?
Should You Sell? My Take
Gold and silver, and even platinum prices, have all been on a tear, but the first thing to remember is this: selling now would mean having to trade real, tangible wealth back into fiat dollars that are losing value, not just in the U.S., but in Canada, the UK, Australia, and more.
It's not that precious metals prices are higher these days, it's that fiat dollars are worth less.
Some people also worry that since these metals are getting more attention, the bull run must be close to being over so think they should sell now to capture profits.
Also, I often hear from clients and others,"Everyone’s buying now, prices are high — isn’t it too late?"
While popularity can sometimes signal bubbles in growth stocks, it doesn’t work the same way with precious metals. Gold, silver, and platinum aren’t investments that rely on hype. Their value is more deep and complicated than that and reflects real economic conditions — inflation, government debt, central bank policies, supply and demand, and global uncertainty. Popularity alone does not signal the end — the fundamentals are still firmly in place.
Remember Why You Bought Metals
An important reminder I often go back to before suggesting to someone who's contemplating selling is to pause and reflect on why they bought precious metals in the first place. Sure, some people buy as an investment in hopes of a profit, but what I have seen is the vast majority getting into precious metals as a safe place to store their savings and wealth, a hedge against inflation, real money outside of the system, and peace of mind and security.
One of the greatest benefits of trading up fiat dollars for precious metals is they can give you peace of mind and comfort that fiat dollars or stocks simply cannot. For me, that’s exactly why I wouldn’t sell unless I absolutely needed cash.
It’s also worth remembering that before fiat dollars existed, gold and silver were money. People didn’t stress about short-term prices, whether it was “too late” to buy or a great time to sell (sell into what???) They didn’t obsess over rallies or dips. These was no precious metals market. Precious metals were, and still are, real money, tangible stores of value that could be trusted across generations. I believe this perspective is still valid today, likely stronger than ever : when you hold gold and silver, you’re holding real money, immune to the slow erosion of paper currencies.
Why This Precious Metals Rally Has Room to Run and Likely (Sadly) For A Long Time
There are several reasons metals have been climbing — and why I think the trend can continue:
Governments worldwide are printing massive amounts of money at an unprecedented rate
Global debt is at record highs.
Inflation is structural, not temporary, and now seems baked into the financial and monetary system unlike just a few years ago when debt was lower
Geopolitical tensions and global uncertainty continue to rise and affect markets, currencies
Central banks are actively buying gold — China, Russia, Poland, Turkey and others are stocking up at record levels
Let's compare all these factors to 2011 which was when we had the last major peak in precious metals pricing coming hot on the heels of the global financial crisis. Back then, government debt was under control and much lower than today, inflation was just starting, and geopolitical pressures were more contained. Today, these pressures are structural, global, and persistent, creating a tailwind for metals for years to come in my opinion.
Precious metals aren’t just outperforming equities — they’re fulfilling their purpose as a safe, wealth-preserving asset.
Let me give you a real example — one of my clients, "Jane".
Back in 2020 at the onset of the "plandemic", she was very worried. Markets were crashing, the world was shutting down, banks were freezing accounts in some cases, and currencies were dropping. She didn’t trust the government or the financial system. Her goal? Protect her savings and her family’s wealth from this chaos and uncertainty.
"Jane" sold off a portion of her investments and savings accounts by trading up for:
2 ounces of gold at $1,800 → $3,600
100 ounces of silver at $22 → $2,200
Total: $5,800
By doing so, she felt like she was in the driver's seat and taking real action in securing her money.
Fast forward to today, her metals worth have grown significantly. With gold at $4,255USD and ounce and silver at $52.53USD an ounce, her gold is now worth $8,510 and silver is $5,253. She has more than doubled the value of her savings account. Can you say that about your savings bank account?
But the most important part wasn’t just the numbers — it was the peace of mind she had knowing her wealth was secure during a time when the world felt upside down.
Instead of Selling, Consider Swapping
Instead of selling precious metals for fiat dollars, another concept I often suggest, especially during a big run up as we're seeing today, is to use ratios in determining when to swap from an expensive metal into a cheaper one. The outcome is often ending up with more ounces for free simply by swapping between gold, silver or platinum. Also, using these ratios can often help to answer the question of which precious metal is the best value. Here’s the simple swap concept:
Compare the current prices and historical ratios of gold, silver and platinum.
Identify which metal is “cheaper” relative to the others.
Choose to swap a portion from a metal that’s relatively expensive to one that’s undervalued.
Head down to your local coin swap to do the swap.
The goal is not to cash out, but to stay fully secure in real money while positioning yourself to capture potential upside such as today's environment. By doing so, this can help to keep your wealth protected, diversified, and working for you always in sound money and not at risk in fiat dollars.
OK, let's look at the current ratios between precious metals which helps in showing which ones may be undervalued and overvalued right now - making them good potential swap candidates.
The Gold-to-Silver Ratio is about 1:79 meaning it takes about 79 ounces of silver to purchase one ounce of gold. Historically, this ratio has been anywhere between 1:40 and 1:50. 1:79, this tells me that silver is cheaper compared to gold.
The Platinum-to-Silver ratio is about 1:31 meaning one ounce of platinum buys 31 ounces of silver. Historically, this ratio has been 1:30 and 1:60 meaning platinum is more valuable than silver.
The Gold-to-Platinum Ratio stands at approximately 1:2.6 meaning that one ounce of gold can buy 2.6 ounces of platinum. Historically, the GPR has been 1:0.5 meaning platimum was valued more than gold.
My Final Thoughts
If it were my money, I wouldn’t sell. I am staying patient and comforted knowing that my precious metals are doing exactly what they are designed to do. I don't wonder or stress if it's a good time to sell - I don't treat my financial safety and security as something I trade. Even if I were to trade, into what would I put those worthless fiat dollars which offer the same safety, security and value as precious metals?
Instead I keep my eye on the ratios looking for potential opportunities to add more weight for free by swapping. I stick to regularly trading up my fiat dollars for precious metals not worrying whether the price is too high. It's a regular and consistent system in wealth preservation and protection. Selling into fiat dollars is never a thought uinless I needed some extra cash for a planned or unplanned expense.
Remember, precious metals aren’t about hype or timing. They’re about security, choice, and freedom.
And that’s exactly why my mission is to help more people become aware of precious metals and their benefits — so you too can enjoy greater financial independence, choice, and freedom.
✨ Reserve your spot! Live Zoom event, Oct. 29th @ 7pm ET
Join me live to learn more about precious metals and how you could help to protect and preserve your wealth. Ask your most burning questions live and leave with the knowledge and comfort that you too can take real action right away in either getting started in buying your first ounces or adding to your "stack". This session is for everyone whether you're a beginner or have been "stacking" for some time.
"Financial Freedom Formula: Why Savvy People Are Moving to Precious Metals" with David LeBlanc
📅 Date: October 29th
⏰ Time: 7 PM ET
⏳ Duration: 45 minutes
💫 All attendees will also receive my free eBook, How To Get Started In Owning Your First Ounce(s) Of Precious Metals.
To your financial health 🥂,
David LeBlanc
The Precious Metals Coach + Money Mindset Mentor
"Real Money For We The People"
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