all-time-high in SILVER + gold + copper price TODAY

the current inflationary cycle speeds up, my dears. why? there is the next all-time-high in SILVER + gold + copper price and in my stock market portfolio today. okay, that are just nominal all-time highs in USD, not inflation adjusted or relative all-time-highs against some other tangible asset like gold / bread / average wages or the like. but the 'nominal only' view is the way how most people look at prices of everything, isnt it? whats the danger in this approach? you now the price of everything and the value of nothing, isnt it? 😇

i've started this blog post this morning abt SILVER. later came also the price of GOLD above its october 2025 record mark and COPPER is now already higher than its all-time-high from last friday, so lets enhance it with my rant abt gold, copper and INFLATION, too. you probabaly shoudnt allow me to touch on inflation as i could get angry like a devil 👺 in heaven, my dears! well, i didn't look-up zinc, nickel, lead, molybdenum, platinum, palladium, rare earths, lithium and other metals yet ... anyway, i 💖Ag, Au, Cu. why? there are two possible reasons. A) my last name is 'gruber' which indicates my ancestors worked in the underground mines (= 'grube' in german) in the german settled slovak ore mountains. B) my stock market portfolio is still heavily commodities-oriented (maybe 80%), although i've increased or bought new positions in many of the so popular american technology + big data + SW + bitchcoin + AI stocks recently (google, oracle, adobe, nvidia, broadcom, arista, cisco, HP, dell, amazon, open, nebius, qualcomm, micro strategy + iren (both bitcoin BTC), quantum computing, AT&T, poet, IONQ, intel, meta, tesla ... + increased the german software company SAP, too.

back to silver: the former all time high in SILVER before 2025 was the hunt brothers' short-squeeze intraday spike of $50 in january 1980. in 2011 came the price close to this 'magical treshold' to approx $48. this year started the silver price at $28.97 and moved in the range from $28.29 to $69.45 till now, thus there were many all-time-highs down the road recently, you know?

the 2025 ranges for my 3 favorite investment metals till dec, 22th:

• Ag, silver, $28.29 - 69.45 USD per troy ounce (@comex)
• Au, gold, $2,595.90 - 4,447.82 USD per troy ounce (@comex)
• Cu, copper, $9,524.67 - 11.940 USD per metric ton (@LME, intraday 'cash'). you will find also charts and tables with Cu prices per day closing / monthly average or futures with different runtimes. the most relevant 3 months copper future at LME quoted at $11.925 today. there are copper prices at comex too, but in USD per pound. the price range in 2025 was from $4.24 to $5.96 (intraday high in july 2025). therefore be carefull what values are you going to compare on the internet / AI or better look just at the order of magnitude than at the last decimal digit of your particular quote 😇

what abt inflation? lets measure prices by both, gold + the official american CPI (consumer price index) provided by the u.s. government. the real inflation at shop counters is much higher, isnt it?

 #1 almost all-time chart aka 100 years silver

source: miningvisuals.com

the hunt brothers price manipulation in 1980 explained by google's AI here

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addendum january 16th, 2026: lets put the silver price increase in december 2025 + january 2026 in a historic perspective, okay? the year 2025 started with silver price below $30. in november 2025 it was still below $50. what happened next? till mid january the price went up to unbelievable $93.71 ... why? it was and still is most likely a short squeeze, if you asked me. what does it mean? well, few folks have speculated on falling silver price and hold huge uncovered short positions, probably silver futures on the commodities exchange comex in NY. as the silver price continues to go up and their losses get bigger and bigger, they have to close their shorts aka BUY SILVER at these high prices. this catapults the price of silver even higher and on top also faster. even if the comex could easily change the delivery of physical silver for its 'paper silver' futures to cash settlements (as there is probably not enough physical silver in comex' vaults), already the high price itself causes these speculators massive difficulties. 

there are videos / stories on the internet abt silver prices at the shanghai metals exchange to reach a $7 premium per ounce compared to comex, because the shanghai exchange trades mostly metal for delivery vs. NY trades mostly paper silver (futures). i did not check this 'arbitrage opportunity' by myself (i'm sure the automated trading systems of the huge hedge fonds did already), so just take or leave this information as some additional possible variable in the big silver game, will u?

is silver at $90 still undervalued or already much too expensive? most likely ways too expensive. nevertheless im quite sure we will see the $100 silver soon. why is silver already too expensive? because many, many primary silver producers reported in their last earning reports in Q3/2025 all-in-sustaining-costs (AISC) of $20 - $25 per 1 troy ounce Ag. of course, it does not mean, that the price can not go any higher .... but usually it does not stay long time at these high levels, does it? anyway, even if i've told ya the $50 in the hunt broters era was not a real physical market price, but only a very short paper market escapade, lets compare it to the similarly overvalued $850 per 1 oz gold in that period (january 1980). btw, it took 28 years till january 2008 for gold to reach that highly overvalued mark of $850 again ... just see the chart below

gold 01/1980 = $850. gold 01/2026 = $4,600 => increase by Au-factor 5.41

silver 01/1980 = $50. silver 01/2026 = $93 => increase by Ag-factor 1.86. should i try to adjust the silver price needed to match the increase in gold since 1980? do you feel better if you multiply it by yourself? however, lets try it here, too => $50 x factor 5.41 = $270.5 => heaven & hell, better lets stop any further price speculations now, will we? 😇🕖💵

100 years silver price chart in USD by baha.com, 16.01.2026

100 years gold price chart in USD by baha.com, 16.01.2026

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#2 CPI adjusted prices ~ CPI = consumer price index ... remember, the hunt brothers' peak of $50 in january 1980 (equals $208 in 11/2025) was just a rigged paper market value for very short time. you could buy silver at $35 easily back then in 1980, which equals $146 in 11/2025.

folks, you can use the u.s. CPI calculator provided (aka 

manipulated?) by the u.s. government alone, cant you?

#3 the gold-silver-ratio (provided by longtremtrends.com) used to be between 25 and 100. right now it equals 64.6 (gold $4437.11 vs. silver $68.68). heaven & hell! silver is still quite cheap compared to gold in historic measures, isnt it? lets wait with switching from silver to gold till this ratio moves significant below 50, will we?

longtermtrends.com ~ gold-silver-ratio

#4 when in munich, we have the gold-oktoberfest_beer-ratio 🍺 ... oh my dears, 186 of the badly filled 1 liter mugs oktoberfest-beer for just 1 ounce of gold? it is close to the record of 227 mugs from 1980. it will probably become even more in a  year or two. why? both, the global problems in the world and the global debt levels are much worse than in 1980. my best financial advice to you? DO NOT DRINK that much beer @oktoberfest even if you could afford it 😆

gold-wiesnbier-ratio, source: das investment

#5 when not in munich, take the gold-iphone-ratio 📱 instead. in 2013 yo've needed more than 1 oz gold to buy the newest iphone, in 2025 were 0.42 oz gold enough ...

gold-iphone-ratio, source: das investment

#6 HUI aka gold producers index => gold stocks are really expensive, arent they?

HUI gold producers index ~ source: goldchartsrus.com

#7 gold-HUI-ratio aka are the gold producers already too expensive relative to gold in 01/2026?

gold-HUI-ratio. data source: incrementum / in gold we trust

#8 top silver producers in Q1 and Q2 2025. 

source miningvisuals.com. here are details for top silver 

producerrs in Q2/2025 (includes the swedish boliden)

i've bought few shares in the companies i've had no postions yet in the last 2 weeks: fresnillo, southern copper, buenaventura, zijin + boliden. i've also bought 2 small tranches in glencore + the polish copper miner KGHM at my major broker account @lynx (=branch of IB) in order to see their progress as well (i have these 2 companies in my old stock portfolio at a bank with extremely high trading fees. thus i do not look up the developments there as that portfolio is more or less on a maintenance modus without any trading movements). 

the #7 MAG silver does not exist any more as it was taken over by pan american silver (PAAS) in september 2025. it was not possible for me to buy shares in san cristobal mines (a private company), volcan (there are some clearing issues at the madrid exchange, so you can just sell existing shares there and you have to buy volcan directly in peru). my trial to buy #4 hindustan zinc in india was a disaster and a nice learning experience at the same time. i've applied for access to all asian markets at my broker just to learn, that only indian citizens are allowed to buy shares listed at indian exchanges. crazy, isnt it? well, at least india cannot steal money of foreign citizens / investors like the usa, switzerland + EU regularly do (e.g. russian + venezulean assets recently). well, the price of hindustan zinc moved up like crazy in the last few weeks, so i'm not sure it would be smart to buy it right now, anyway ...

#9 all my top portfolio holdings are Cu, Ag, Au based mining companies, you see?

top down: amerigo resources (Cu), hudbay minerals (Cu), first majestic silver (Ag), agnico eagle mines (Au), hecla mining (Ag), coeur d'alene mines (Ag+Au), endeavour silver (Ag), wheaton precious metals (Au+Ag), avino silver mines (Ag), pan american silver (Ag+Au), discovery silver (Ag), globex mining (explorer with many very small projects for many different metals in canada).

#10 what were my top movers on a record day like today?

#11 probably a suprise for few of my dear readers. NO, it is not gold, silver, copper which rise in price or value. it is the other way round: the value of all major currencies is going down => stop measure the value of anything in dollars, euros, yens, swiss francs or the like. start to evaluate in real tangible assets or timeless values ... most suitable measurement for financial assets is gold, isnt it? for emotional assets & values of course s.th. completely different. lets hope i'll discover that one soon, too 😆💕🍀

in case of money, what does all these lines + columns with numbers and letters below created by google's gemini AI today mean? every major currency loses its buying power against gold and silver aproximately 11% per year!!! even the "stable currency" swiss franc loses 9% per year, which mean it is like a train which does not drive into the final disaster that fast as the remaining valuta(s). so please do not tell me again dollar, yen, swiss franc is strong and euro is weak or vice versa, will you? all of them (USD, CAD, YEN, GBP, CHF, ...) just fell apart at different speed😉

gold price increase by currency created by google's gemini AI

silver price increase by currency created by google's gemini AI

~~~

addendum december 23th, 2025: all 3 metals Ag, Au + Cu are even a little bit higher then yesterday. of course, as long as the trend up is intact, there have been and there will be many, many new all-time-highs out there in the future, wont they?

december 24th, 2025: in the asian markets climbed Au+Ag up the ladder further. Cu starts at LME+comex later in the morning ...

... silver went above $83 intraday in the asian markets later in december, then crashed -8% on december, 29th. at least it stayed above $70 till end of the year ... gold didnt move that much the last few trading days and closed the year above $4,300 per ounce.

lets add few imho interesting charts / snapshots from the overcrowded lecture at the pro aurum shop in munich presented by its managing executive jürgen birner on january, 17th, 2026:

the proaurum shop in münchen-riem has a form of a gold bar. 

btw, the volume of the ever mined gold in the world is just

 1,36 times bigger than this golden rectangular prism.

216,265 tons = the amount of gold ever mined ~ source of data: 

world gold council 2023. info screen @ pro aurum 01/2026

72% of the yearly gold supply comes from mining, 27% from recycling.

source of data: world gold council 2023. info screen @ pro aurum 01/2026

usage of gold => 45% jewellery, 17% central banks (hell! they are responsible

 for the stability of their country's currency, arent they?), 21% private investors.

source of data: world gold council 2023. info screen @ pro aurum 01/2026

the 12 major gold producing countries ~ source of data: 

world gold council 2023. info screen @ pro aurum 01/2026

physical gold + silver are still easily available for private inverstors.

of course, the current spread is quite high i.e. 10% on 1 oz Au (there 

is no VAT on gold in germany) and 35% on 1 oz Ag incl. 19% VAT. 

source: pro aurum online shop, 17.01.2026

precious metals coin are nice, arent they? here the roman gold coin

 'solidus' from 347 a.d. ~ source: pro aurum münchen-riem 01/2026

~~~

folks, i've promissed i'll update the final Au, Ag, Cu price ranges 2025. here we go 😇

source: google gemini AI [at some websites were the prices higher. so does www.onvista.de report silver at $71.58 before midnight and $72.16 in the 15 minutes time span after midnight on january 2nd (there were no regular commodity markets open on january 1st). of course, onvista reports time zone rolling prices like from the shanghai exchange when u.s. markets are closed and probably also OTC (= over the counter) markets, when the regular exchanges NYSE / COMEX / xetra (germany) / LME etc. are closed)]

here we go, this table was created by google's gemini AI on january 3rd, 2026:

eof

xmas in thailand, TH

well, today is the shortest day of the year in the northern hemisphere, isnt it? we dont care because we spent this christmas in cape panwa, at the southeastern part of the phuket island in tropical south thailand, you know? well, lets turn my blog back to 2019, the last time we've been to thailand, which still is one of our most favorite countries in the world. lets enjoy few views at the former capital and in europe not too well known city of ayutthaya 🌞

me, collecting waste at our cape panwa hotel's

 private + quite clean beach => TH is nice 😄

panwa bay, local people neighborhood + dirty beach => TH is ugly 😈

the hippie restaurant at that dirty beach. believe me,

we wouldnt step in, if we'd see it at day time first

so how is thailand really? it depends what you look at, isnt it? enjoy few insights and many, many pictures mostly made by my wife👩. why? it would take too much time + effort to step through all my approx 1,300 pictures made during our nice 2 weeks vacation. well, i'll probably upload few of special value to me later anyway, wont i?

• unlike the buddhist north, south thailand has a huge muslim population. here on phuket abt 15-20%, at our place cape panwa and at the phi phi islands much more, if you asked me
• beautiful colors, colors, colors ..
• huge contrast between the clean + nice + friendly luxury hotels and heaps of trash in the streets + beaches + in the sea ... soooo sad, isnt it?
• a crazy difference between the low and high tide out there. we could swim only during the high tide. thx goodness we have had a table with 'best time to swim' in our room, so it was easy to plan our day sea-water-friendly
• massage, massage, massage ... still quite cheap, i've been almost every day for 1 or 1.5 hours ...
• food is still cheap (3-6 euros per lunch/dinner outside the hotel and even in the hotels you will get the regional thai dishes below 10 euros. drinks, especially alcoholic beverages like beer are more expensive than in munich / germany in both, the supermarkets and in restaurants
• labor still quite cheap, so the massage + pedicure + tailor + laundry + other services still much cheaper than comparable services in germany ...
• it is better to exchange cash / money (euros) in the many currency exchange booths than to exchange in banks or withdraw thai bahts from ATMs (high commissions) ... of course, do not change at the airport or in the hotels
• are the thais more christmas crazy than we europeans? i dont know, it was maybe just the decoration for tourists in the streets + restaurants + hotels, wasnt it?
• many many weed shops (it was legalized here after covid)
• what abt our cape panwa hotel above the kantary + panwa bays?
• a really beautiful, clean and nice place to be. huge seaside rooms and few luxury bungallows with own pools, beautiful arranged garden, a funny 100m tram line from the hotel down to the beach, enough sunbeds + sun umbrellas for all guests at the beach, maybe not eneough at the main swimming pool at the breakfast restaurant. unfortunately, few german families still reserverved their favorite sunbeds with their stupid towels + water shoes, as if a sunbed 5m away wouldnt be equally good  or good enough for the day. what an external shame (fremdschämen) for their stupid + egoistic behaviour!
• free of charge shuttle service to the kantary bay down the hill to their sister hotel 'kantary'. it was approx a 9 minutes walking distance. believe me, during the hot wet days was the shuttle the better option to move around, wasnt it?
• a private beach, which was cleaned every morning by 2 employees and during the day by me and 2 or 3 other guests out of 100 - 200 ... well, you will always find some plastic brought by the waves or left over by tourists
• the most guest are from GB, russia + germany, if you ask me. sometimes you also hear some french + italian speaking folks
• there is a former aristocratic house from approx 1910 directly at the beach, which looks like a museum and functions as a beautiful dining place in the evening. you have to make a reservation, the prices + offers are similar to the main breakfast + dinner restaurant 
• in the next bay to our hotel is a tin smelter and refinery company called thaisarco with an adjacent industrial port or at least a terminal. yes, there are always 3 or 4 cargo ships at the open sea in front of our hotel awaiting loading or unloading. many of them have the LPG signs (liquefied petroleum gas such as propane or butane). there have been tin mines on phuket before, today there is just a tin museum left over .... tin mining reminds me on the past riches of the ipoh city in malaysia
• anything else? yes, we miss some thai temples + monks here cape panwa. there are just the symbolic mini indoor temples in buddhist houses / bussinesses. real thai temples are in phuket city and the like
• day trip #1 => round-island trip in southern phuket
• chalong temple
• big budha statue
• old city of phuket ~ town gallery 'hall' aka view point above the city, one of the many chinese temples, the historic streets with 150-200 years old buildings in sino-portuguese style (or often called also sino-european) as the bussiness & trading district used to be chinese, you know? it looks similar to the old city centers in malaysia. they've called it colonial style there ...
• day trip #2
• elephant jungle sanctionary ~ a retirement place for old elephants, which couldnt work any longer and would probably be killed otherwise
• day trip #3
• never again: mass tourism aka boat tour to the phi phi islands (koh phi phi) with its baby sharks occupied maya beach, famous due to movie 'the beach' with leonardo di caprio. a stop-over for snorkeling / jet ski / parasailing at a small island overrun by masses of tourists
• day trip #4
• boat tour to coral island

any conclusion? dear thais, thx for the nice time here in your country and yes, if i could wish s.th. for thailands future: please clean-up your country. all this mostly plastic waste all over the beaches, streets and in the sea .... it is not nice at all. for sure nobody feels well in such a dirty environmet, not even the captured carrion eater komodo dragon, which we have seen at coral island screening the waste from the retaurant ... well, there are many people who dont want to see your stockpiles of waste ... i dont think we will visit thailand any time in the (near) future again

pictures, pictures, pictures:

cape panwa ~ panwa bay ~ view from our favorite roof top restaurant

... the same view 2 hours later ...

makes sense, isnt it?

the locals at cape panwa by night, phuket

town hall, phuket city,

before xmas 😃🌲🕛

the beach in the cape panwa hotel preperad for new year's celebration

best wishes to our friends at home 🍀

we don't wish you a happy new year. we wish you a 

world without politics, poverty and war. and we are 

working to make it happen! jacque fresco + the venus project)

2026 finally arrived ⚓

after xmas + new year👺

the museum like aristocratic beach house in the cape panwa hotel complex

the beach at the cape panwa hotel

a chinese temple in phuket city

phiket city

christmas xmas all over phuket

viewing plattform / hill above phuket city

the buddhist chalong temple, phuket

a hindu temple in the buddhist chalong temple komplex

the buddhist chalong temple, phuket

chalong temple, phuket

big buddha, phuket

our boat trip(s) 🐋⛵⛱

phi phi islands

maya bay, "the beach" movie with leonardo di caprio, 

baby sharks, phi phi islands, thailand, TH

baby sharks ... this species was just approx 30-40 cm big

a nice resort at the phi phi islands

a stop-over at a small island for snorkeling + jet ski & co

at this mini island was the snorkeling like in an aquarium 🐟

elephant jungle sanctuary, phuket

everythink has a beginn and an end, you know?

this is the last day of my globex mining cap at coral island, TH

1 day snorkeling trip to the nearby coral island

i've indeed seen that guy while walking in the jungle

back to 'our' beach at capa panwa hotel, phuket

what a huge guy out there

cape panwa bay

capa panwa hotel, phuket

two equally dressed elephants at the abu dhabi airport ? 😅✈

even more pictures here.