Comment by goldfinger26

If you look at the history of related funds, you’ll see that there is volatility when the price gets sufficiently high as people early exit, and that historically it has gone up higher, then once the market is milked dry, it goes way down again for some years.

This has happened multiple times. You may not be able to guarantee it, but I strongly suspect precious metals are a repeating pump-and-dump scheme. It could be money waiting to be made by those that see the pattern, or maybe it won’t happen, who knows?