Steady as She Goes: Why Stability Wins in Precious Metals Right Now

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Saturday, February 14, 2026

In this 25-minute episode, Kyle Warren and John Mabin explore the recent stabilization in gold and silver prices following a pullback, describing it as a potential "consolidation phase" that could set the stage for future gains—or simply a healthy plateau around $5,000/oz for gold, $80/oz for silver, and over $2,000/oz for platinum. John expresses a preference for stability over rapid spikes, noting that steady prices benefit holders by reducing uncertainty and allowing the market to digest ongoing cash flow issues.They discuss how the meteoric rise in metal values has led many investors and collectors to sell numismatic coins (e.g., Morgan and Peace dollars), often at a profit after years of high markups from large dealers, with many such coins melted down—potentially increasing future scarcity and value for true rarities if held long-term (e.g., 20+ years in a high-gold-price future).The conversation advises against "starter kits," Gold IRAs, or heavily marketed products, favoring in-depth research, local dealers, coin clubs, shows, and physical ownership over paper/ETF forms or regulated storage. They critique crypto as "imaginary" and risky, suggesting outflows from it may be fueling metals demand. Additional topics include historical precedents (e.g., 1930s gold recall under FDR, pre-1965 silver coins now worth ~50x face value), the booming interest in coins (comparing a recent FUN Show to Comic-Con), supply/demand dynamics, and warnings about paper trading risks.John shares his semi-retired "dabbling" in collector coins without chasing specific "unicorns," emphasizing the joy of the hobby. The episode closes with mentions of upcoming events like the Central States Numismatic Society's 87th Anniversary Convention in Schaumburg, Illinois (April 2026), and listener Q&A via text.