Silver Just Isn't Valuable Enough - Prove Me Wrong!
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- เผยแพร่เมื่อ 6 ก.ย. 2024
- #gold #silver #money
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Welcome to the intriguing world of gold and silver investing! Have you ever found yourself captivated by the shimmering allure of these precious metals? If so, you're not alone. Join me on a journey as we explore the multifaceted reasons behind why we buy gold and silver.
For me, stacking silver and gold began as a hobby, a fascination with the tangible beauty of these timeless assets. As I started delving deeper into the world of precious metals, my motivations evolved. What started as a hobby soon transformed into a means of financial security and wealth preservation.
Over time, my outlook on gold and silver investing has shifted. Initially driven by the desire to acquire shiny coins and bars, I began to appreciate the historical significance and intrinsic value of these metals. Gold and silver have stood the test of time as reliable stores of wealth, unaffected by the fluctuations of fiat currencies and economic uncertainties.
But it's not just about financial security. Investing in gold and silver has also become a way for me to diversify my portfolio and protect against inflation. In a world of constant change and uncertainty, having a tangible asset like gold and silver provides a sense of stability and peace of mind.
Moreover, there's a certain satisfaction that comes with holding physical gold and silver in your hands. It's a tangible reminder of the value of hard work and prudent financial planning. Each coin or bar tells a story, whether it's a piece of history or a symbol of hope for the future.
As I continue to stack silver and gold, my reasons for doing so have become deeply personal. It's not just about financial gain, but also about preserving wealth for future generations and leaving a legacy of stability and security.
So, why do we buy gold and silver? The reasons are as diverse as the individuals who invest in them. Whether it's for financial security, portfolio diversification, or simply the joy of owning something beautiful and valuable, gold and silver hold a special place in the hearts and portfolios of many.
Join me as we delve into the fascinating world of gold and silver investing, and discover why these precious metals continue to captivate us generation after generation. Don't miss out on uncovering the timeless allure of gold and silver! 🌟 #Gold #Silver #Investing #PreciousMetals
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Topics covered in this video:
banking, finance, gold, silver, precious metals, cash, wealth preservation, economic uncertainty, financial independence, store of value, means of exchange, alternative finance, bank withdrawal, financial strategies, personal finance, financial system, economic trends, global economy, investment, asset allocation, monetary policy, inflation, deflation, wealth management, fiat currency, currency devaluation, financial education, financial literacy, monetary history, financial freedom, financial planning, asset protection.
Sell the cut up piece of silver 🥈 looks like a piece of art to me. Even the cut up chunks look cool and you could sell as is. But the main piece look litterely like art
Ha, might well do if somoene wants to buy it at the right price!
Silver for me! Gold just out of reach at the moment
Yep. Haha. I won't cry holding 30 ounces of silver. I probably will cry holding a half ounce and a tenth ounce of gold...I could sneeze and lose it haha.
But if you just waited a few weeks/months you would have saved enough for gold!
I buy a half sovereign every month soon builds up
Gold every day over silver sorry😊😊
13:33 no shame in chopping that bar up to make beautiful pieces you make👍🏻
I knew when I saw you had that huge bar, at some point you would chop it up, I didnt think it would be this quick. Would be interested to see how you did it.
I'll need a therapist for years seeing that bar cut up. The Devils work. 😀
Sorry! Think of all the nice poured silver it will make
Another great video! And I think I will end up swapping my silver for gold, just gold is more unreachable for me at the moment and have plenty of time ahead of me 🤙🏼
Good choice!
I actually love the look of the remnants of that Geiger bar. Almost tempted to make you an offer on it.
What would you offer!? Not selling but genuinely interested.
As approximately a 3 kilo chunk I would feel comfortable at $1+per ounce over spot if you stamped it as a custom art piece from yourself
The way you've cut up the bar in shards looks kinda cool.
Fully agree gold is better as a savings vehicle - what I would say though is it shouldn’t be purchased in hopes to “grow your wealth” - it’s a wealth preservation vehicle which in the long run holds your purchasing power. Most silver bug content I see on this platform misleads people with outdated concepts such as the GSR and gets people believing they will double, triple, their money etc
Thanks for sharing your thoughts!
The word "yet" is correct 👌
Absolutely fully agree 100% with your comments in this video re gold v silver 👍🏻👍🏻👍🏻🏴🏴
Thank you kindly
Excellent Video. (Note: You would never cut up a Gold Bar of the same size so that in itself by definition proves the lack of value of Silver)
I would have thought a nice little band saw would have done that job quite efficiently. No blisyers either!
Tough, I don't have the kit and I am not experienced with that
Full tube containing 25 Gold Sovereigns is a size of a USB memory stick. It's equal value is about 400 x 1 ounce silver coins, which is about 12.5 kilos of silver...
Yep, gold always wins!
Yes it makes more sense to buy at spot, then melt and put your logo on it and charge 30% over spot...makes sense...well done.
I've often considered buying some bricks of silver, although thankfully didn't bother. Mainly due to the inability to sell them on.
I'd 100% say the best thing is to melt down and sell smaller portions at a premium.
An idea for you is to stamp on the bars made with the 5kg indicating its from that bar and people can own a percentage of it.
Question though, how much did it cost to melt down, chop up and did you make more money by doing it vs simply selling the 5kg bar. Selling point being the decision to chop up.
Goes to show, the value was the silver, not the product. If you invest in a Rembrandt and cut it up you have some worthless dark canvass pieces, a Rolex watch cannot roll back time from destructive repurposing. Its not advisable to buldoze your house and reposition the bricks for a south facing view. A table full of ostracon shards that were once a posh Chinese vase dont glue back to a chamber pot of similar value but silver is the star of anything silver.
A great analogy!
Honestly i collect silver more for the numismatic values and designs. Gold just isnt proactical for my price range nor interest most of the time for me.
There's nothing wrong with breaking up that big bar, especially as you have a reason to do it, but it's was a nice-looking bar
Thanks, some people feel otherwise!
Eventually I will stop buying silver and just stick to stocks and gold. A 5 kg bar is 160.75 troy ounces or 11 lbs, right? The only bars I got from Geiger are the 100 gram and a 5 ouncer somewhere.
How many people had to wipe away tears looking at your brutalised silver bar 😆🤣
Probably quite a few
Are the blisters from the bolt cutters or have you been chopping logs again
Bolt cutters!!!
Get your point about storage, liquidation etc around G/S. I tend to look more at Silver proof coins for investment as obviously they offer a potential better return.
Mind you, the Geiger bars are one of the more stunning in the bar ranges.
They are certainly stunning, but they are also a total pain to chop up too - who knew!
@@BackyardBullion Nice bit of arm workout....saves on a visit to the gym!!! 😝
Great discussion on some of the limitations of silver - thank you!
Very interesting, thanks for putting things into perspective. I was wondering how you were breaking that bar!
Glad it was helpful!
OMG I love that bar. 🙈but again not mine. 🤣a bit more cut from it I might be able to buy it from you.
Silver for collector pieces and gold for stacking 🤪
Thanks!
Very interesting. I can't say you are wrong. Thanks! and Congrats on 60K!!!!!!
Thank you too!
Hi BYB, love your work. Take the bar to your local Fire Station. They will have hydraulic sheers for car accidents etc. They will get a kick out of it. From a firey in Aus
Not a bad idea
Wow, I would not want that job of chopping such a huge block unless I had a really good method for doing so and by the looks of it byb, you haven’t quite nailed that aspect of the business yet. Might I suggest either a quality metal cutting bandsaw, you could probably rent one if you don’t want to buy or another option would be to stuff it in a large enough crucible to melt it down and pour into shot. What a job!
Thanks - but I am nowhere near skilled enough to get a piece of kit like that. Its fine, it will be chopped up fully soon and then we will have it all melted.
Did you hear about the millionaire investor in junior minors? He was a billionaire before he started investing in the juniors…
I am very new to stacking.
My problem with investing in silver is having to pay vat on silver and gold is vat free.
Or am I missing something. Can you buy silver vat free from a reputable source ?
You can buy from the silver forum for very cheap prices
Did you not pay a premium for that 5 kilo bar? A premium you could have got back selling it so would selling it and buying some silver shot with the proceeds not be the way to go?
No, I paid less than spot price and if I melt it i can sell it for way more than the premium of the silver bar if I had just left it. No brainer win win for me.
The chopped Geiger bar probably looks horrendous in person but I will say on camera I think it gives a lot of character shape and texture with the logo still centered.
Like #8 - the video I just uploaded has a similar theme to this, however I wasn’t as brutal with mine!
I will check it out!
Like most i started with silver thinking gold was too expensive and silver "undervalued " . In 2015 and 400oz later quickly running out of space i decided to check the charts and not blindly believing youtubers i realised gold outperforms silver the vast majority of the time , and timescales. When silver is in the lead its for extremely short time periods . Roll onto 2024 i still have my 400oz silver but also several 10s oz gold.
I hope that giveaway is open internationally. Im guessing most of your subscribers are out of the UK.
When cutting it i would assume there are slivers or shards?
Reminds me of the film Paint your Wagon. If you have not seen it (Musical starring Clint Eastwood and Lee Marvin) it’s about gold prospecting. The two of them dig tunnels under the town as they get more gold from the dust falling through the floorboards than from actually ming it themselves.
10:07 bolt cutters!!! thought it had to be a big piece of kit to do it!
oh wow the look of that Geiger broken up, it does look very cool, how did you break it up?
I dont buy silver as an investment, I buy it to hedge against the rapidly deflating value of the American dollar. I do have a few ounces of gold but again, even if it doubled in value it wouldn't make me rich. unfortunately for most people the price of gold is just too steep for investment purposes. buying fractional is even worse, the markup is through the roof. only thing I wish is that I started stacking silver when it was 5 dollars an ounce (and glad I didnt start when it was 40 ha ha). I stack silver rounds and could care less about branding/ government issued. waiting for sales is key as well.
Thanks for sharing your thoughts!
I have found the mark up on fractional gold to still be less than the premiums on silver.
@@Ryan_Tinney I dunno. I calculated some of the tenths and quarters on gold and it's outrageous, even from the cheapest dealers. A tenth of gold is like 400$ over spot. I never pay for government silver or numismatic value. I buy the cheapest silver rounds I can find, usually about 1.50 over spot.
@@flipnap2112 Well $400 over spot is currently roughly a 17% premium. At my shop American Silver Eagles are a 20% premium. This is all in the US. I have only purchased metals in the US , Italy and East Asia.
@@Ryan_Tinney yeah thats why I dont go eagles, libertads, maple leafs, or any other government coins. im in it for the silver, and only the silver. Rounds for me and gold ounce coins when I can.
I buy a piece or two of silver a week, don’t have gold money.
If you just saved a few months you would have enough for gold!
@@BackyardBullion I suppose, but I like my collectible silver & the weekly visits to the LCS.
Stack up enough silver to sell and buy gold with. You the satisfaction of buying silver and then trading it for gold. @rasbobbo
That bar is slowly shrinking 😮 ⚓️🧲👍
Slowly!
Need to show how your cutting that bar.
Yes, silver just isn't valuable enough, and tin is just too bulky to own.
My heavyweight collection of pewterware and pewter items is mostly made of 97 percent tin. Finally, my bulky asset kept inside my dark storeroom is in the limelight, now a focus of public attention. 🙃🤣
Maybe a chisel and hammer?
Here is an idea for you. Pour a 1kg bar, but make the bar snappable into 4 pieces.
Now that would be almost impossible in a 1kg format
Not something you see on yer average stackin' channel
I am anything but average
I bought a 5kg bar of silver in 2014. It took me about 12 months to realise what a stupid idea it was.
I cared about stacking the cheapest price per ounce.
Yep, its way too chunky!
Damn, 5kg was ruuude choice haha how long did it take you to sell it, if you ever did it?
i could see if it was an ugly poured bar but that was a Geiger! i think this carries a possible 6 month prison term if convicted..
Ha, well silver is silver - so why does it matter?
@@BackyardBullion well it still has value but you nuked any premium you paid on it you might hope to get back when selling
I'd love to own a kilo, but of gold
Sacralidge..Nah, think it's going to be cool to watch you melt it down and watch what you turn it into.. Sounds like fun to me
I think your correct, gold does beat silver.
Bolt cutters, that make sense, at first I thought it was just chewed.
What did you do to your bar friend ?? Lol.. That's rough..
Funny though, he wouldn't ever cut up the Engelhard bar I bet. Those are some really nice ounces 😁
Those gold coins by the oz on todays market is about 12000 thousand dollars
Don’t cut up the Englehard, lol. I’ll buy it off you if you want👍
Don't worry that one wont ever be chopped up.
Whoa my my haha that is a huge raw hunk-a-chunk o' silver
It is massive!
Was 😂
"Not valuable enough....YET."
You had me at yet. But I am subbing for the cool accent.
XRP and silver for me. For now.
Dude that piece would have been such a badass bar to pass on to your kids and you hacksawed it????
Yep, I would rather make nice poured silver bars that have way more value both financially and emotionally.
What did you use to cut that bar?
Naughty, you didn’t watch to the end😆
Giant pair of bolt cutters!
Tell me you didn't watch the whole video without saying that you didn't watch the whole video lol
Fantastic. Roll on 60K !
Ha, this is the second bullion video this evening I have watched plugging this company on tin (salivate metals being the other) must be new sponsors..😊
Yes, we get sponsorships, whats the problem with that?
None at all, just making a comment, no offence meant as my post above this one agreeing fully with your video comment❤😊
@@Goldylocksss no offence taken, some people get very strange about sponsorships and say nasty things.
Would it not be much easyer to blow torch the giant bar over water to make silver shot ready for you to melt and pour? Seen it on a video the other day.
You need a really powerful oxyacetalne torch. They cost a lot of money and I don't have any experiece with them
@@BackyardBullion fair enough the video did not show that part lol.
59.9k almost at the giveaway ^^ just subed !
Thanks and welcome!
Well, you have to get your silver for pouring from somewhere, a massive bar seems sensible. I would have thought it would make you a lot more money doing what you are doing and making products out of it, than sitting there as a massive 5kg bar collecting dust!
One of you cool kids could win this 60,000 subscriber bar.
Don't clip the shit out of the mother.
Thanks man! I am wondering how I can give this away to just cool kids. I think I will do a livestream this time.
What's next on your sin list? Taking a gold bar out of the assay? A coin out of its capsule and even touching it with your hands? Cracking a graded one out of the slab?
60000 must be very close now!
59967!!
@@BackyardBullion 🤩😁
Throw some silver my way please 🙏
I bet it was fun
"Ouch!" Geiger Metal!
We ignore platinum and palladium, why?
Because they are garbage metals with no potential
@@BackyardBullion not a store of wealth?
ANIMAL.......!!!
I like your style lol
Thanks!
Looks like you've been nibbling on it. 🤣
No way i would of broke that geiger beauty apart you rarley see those
Even more rare now, I have no regrets!
How Dare You
Sorry!
It’s just silver, cut away.
I sold some gold. Three ounce for spot. Now silver goes up fast....
Can u melt silver in a camp fire
This reminds me of Life of Brian, Blasphemer 😂
Hold my beer. Silver will outshine gold in the (near)future.
Let's hope so.
Cheers!
When Pigs Fly
You, Sir, have NOT committed sacrilege. However, due to the nature of this act, I must insist that you send a small (not less than 8ozt) piece of the destroyed bar to me for testing.
After testing is concluded, I will personally see to the destruction and ultimate re-Earthing of it.
Always yours,
GameOn
Smoke me a kipper silver
You all got a damn thumbs down horriable
John Rahmer did not show up
You are nuts
On the flip side if you have a large budget and buy silver it will take the thief several trips to shift $1 million (31,600ozs, roughly 900 KG) whereas $1 million gold is roughly 425 ounces or 12 kilos at current price, which could easily be carried in one go and transported large distances even on foot
I agree melt it down it’s far to big and your pours are cool ⚓️🧲👍
Thanks my friend!
Don’t cut the engelhard bar 🫣 NOOO
It does seem a shame to chop up a gieger bar but a) your probably going to make money on these videos b) you'll probably make more from selling poured piece's made from it aswell so win win i guess lol