Category Specific RSS

Categories: Satire

Gold and Silver rallies prompt investor to load up on Bronze

Having watched many Olympic Games over the year, investor Hugh Honey is confident that Bronze will be the next commodity to boom following recent rallies in Gold and Silver prices. 

So confident is Honey, he has taken out various loans to hire storage spaces and filled them with the metal having stockpiled Bronze while it is trading at USD $1.79 per pound. 

Although it still has some way to go till it reaches the value of Gold which trades at $1,800/lb and Silver which trades around $26/lb, Honey knows a trend when he sees it. 

“Gold is very expensive at the moment and all you need to do is look at the Olympics to see what happens when you can’t get Gold? You settle for Silver,” said Honey. 

“And then if you can’t get Silver, you settle for Bronze. 

“We’ve all seen the Silver rally so it’s only a matter of time until everyone piles into Bronze at the low price.” 

The investment theory from Honey comes amid a 58% increase in Gold over the past five years where Silver has followed suit to rise 81% in value over the same time. 

While Bronze, which is classified as a scrap metal, has not shown the same promise or scarcity, Honey is confident that the $10,000 he is spending per month to house his recently-acquired Bronze stockpile will be worthwhile in the long-term. 

Elias Pivep

Failed stand-up comic who now gets his kicks from Simpsons business memes.

Recent Posts

SKS Technologies Moves to Expand NSW Footprint With Delta Elcom Acquisition

Australia’s data-centre construction sector continues to surge on the back of cloud adoption, AI-driven computing…

2 days ago

Monash University Partners with HITIQ to Advance Concussion Science Using Smart Mouthguards

A major Australian research initiative is set to push forward global understanding of brain injury,…

2 weeks ago

Harris Technology targets return to profitability amid surging Refurbished Tech sales and Apple expansion

Following a successful FY25 which saw a boost in gross profit after launching its refurbished…

3 weeks ago

Pivotal Metals Secures $5.4M to Fast-Track Quebec Drill Program

Pivotal Metals (ASX:PVT) has locked in $5.4 million in fresh funding to accelerate exploration across…

3 weeks ago

Biotron Expands into Anaesthetics with Sedarex Acquisition and $2.5m Raise

Biotech company Biotron Limited (ASX:BIT) has announced a bold step into the anaesthetics sector, acquiring…

1 month ago

DroneShield Boosts Defence Capability with $13 Million Adelaide R&D Investment

DroneShield (ASX:DRO) is expanding its Australian footprint with a $13 million investment to establish a…

1 month ago