THANK YOU for making this video! I've always been turned off by the almost cult-like attitude SOME people in the stacking community have towards silver, constantly claiming that it's about to shoot to the Moon! Silver, just like every other type of asset, is an investment, not a get rich quick scheme. If you're buying silver expecting it to go to a thousand dollars an ounce so you can pay off your mortgage, you're going to be very disappointed!
Thanks my friend, I also felt the same when getting started and I think those people saying $100/Oz silver are irresponsible to tout off that in the way some of them do.
Those who are on PM, constantly believe that; 1. Gold and silver retains its value in any situation unless Sylar goes berserks and change all metal on earth into gold or silver. 2. Silver are undervalued by the time of immemorial's average ratio of 15 to 1. 3. Inflations do exists and eating our purchasing power on fiat system. 4. Silver are industrial metal with no potent alternatives as of current technologies. 5. Manipulations are in actions by the fiat system's players. 6. PM are money where ever or when ever you might be. With those 6 basis points (maybe someone can add more), we can continue to predict these senarios; a. If dollar collapse, some other currencies will take on dollar position and provide any price of PM that they see fit, but, we are ready. b. If gold goes down, silver buys more gold, but, we are ready. c. If silver goes down, we know that we holds for long term and obviously we can buy more, but, that also, we are ready. d. If hyperinflation strike, we know that PM retain its value, once again, we are ready. e. If war happens, we know what item to bring with us if we ever need to get out of the country, but, we are ready. f. If resets happens, what being reset are fiat, no one can reset 1oz of gold to 1/2 oz, but, we are ready. g. If governments confiscate PM, we know what to do right? h. If doomsday happens, this one is simple, we all die. I hope we are ready with all our good deeds to bring as investments for afterlife.
TBH with you, i play my wealth game in a block type portfolios. All my worth, i divided it in 2:3:3:2 blocks ratios. 2 part in PM, 3 part in cash, 3 part in land and 2 part in others such as rental, royalties, dividend etc. All my PM, i divided it in 2:6:2 blocks ratio with 2 part in gold, 6 part in GSR and 2 part in silver. when ratios goes extreme, i just play on GSR. means that my basis ratio is 50:1 on holding at hoarding type blocks. whenever the GSR goes below 50:1, i convert 25% of my 6 part blocks into gold, at below 40:1 i convert another 25%. at below 30:1 another 25% and finally at 20:1 completed all conversion. but, i still holds my 2 part blocks with 50:1 so that my silver still has spare if it goes to 10:1 and below. i hope you can see my strategy. lol
Im sharing my strategy so that someone might find it logical can consider my view and might use it as a tool in managing money. There is not too late to start preparing something. I wish you all the best.
Unfortunately you’re speculating on an entirely speculative market. The paper silver market and the physical silver market are not the same thing yet some how they’re represented as the same. I’ll buy silver all day for 25 bucks.
What about Germany's Weimar Republic? I don't know about silver, but when they were experiencing hyperinflation, the buying power of gold shot through the roof. Also, how do you know that the US will retain it's hegemony? They are becoming more socialist by the day. In addition to this, China and other countries are moving off of the petro dollar, which may weaken the US dollar's power, and eventually it could lose it's position as the reserve currency.
BigTomInTheBasement, hey, man I’m all for the second amendment but if other nations get together and decide to price oil in another currency than the US dollar, your firearms wouldn’t be of much use. Trade wars have already begun. Last week Canada retaliated for the tariffs the Trump admin has imposed.
Dave Aid oh, I'm sure the economic collapse will occur. Our population has grown soft on free money created by taking advantage of other countries. We will get the economy we deserve. Things will be hard for a while but we'll get through it with our rights and constitution intact or no country at all. The population will suffer for a while, but we'll be stronger for it.
To me, you must diversify: Have liquid cash, own businesses, own real estate, stocks and have some gold and silver etc. If some of the listed items are trash, the others are likely your anchor until the storm is over.
Businesses will be taxed even more, real estate will have crippling property tax rates, and stocks will crumble during the next recession/depression. Liquid cash will have some value considering only a few % of cash is physical and idiot vendors will still accept it for a little while. Gold/Silver/PM's great insurance.
@@benfrankog6111 oh I agree completely. Iv been watching the charts and it's super fucked. Hopefully everyone had enough fanatical education to protect them self's in the next bear market
Completely agree. When I was a teen in the eighties an adult once told me, “Silver has never been worth much more than $40.” That was over 40 years ago and their words still stand true. I do stack silver for my sons, and for them it will be 100% profit when they sell, no matter the price.
havikshorst120 it might never shoot the moon again. Or if it does, expect something like when it was around $50. Either way I’m not betting on it doing anything but tracking roughly with inflation.
havikshorst120 pretty soon I recon, 90% of the UK havn't got a fucking clue what's happening in the world, thanks to our North Korean style of main stream media reporting. Even my local MP is a patsy establishment plant . We are all being betrayed and misled.
I've been buying silver on the small scale, started out this year. Though I've collected coins since I was a child, I hadn't really thought about primarily investing in silver until a couple years ago. I have multiple reasons that drive me to have a stash. My children, my future and just how enjoyable it is. I think especially when you talk about government or currency, you'll get a few people with unrealistic ideas on the subject. But I do think it is a stable way to invest wealth. I'm very much into the more collector side of silver, I'd love to see you do a video on the Earth and Beyond coin series. I'm expecting my coin in the mail today lol. Thank you for the great videos!
As a lifelong investor in silver my best advice to you and all those reading is that silver always drops in value when the economy is doing well . With that being said we can look back and see the economy has done nothing but go upward since 2011- 2012 and silver has done the exact opposite. So I would always continue to buy as the economy continues to go upward & since the economy always runs in Cycles it will eventually go back down !! when this happens investors flock to silver Bec it is seen as a safe Haven, this is especially good because demand for electronics that are reliant on Silver also continues to rise causing silver to rise drastically in times of economic downfall. Another piece of advice I would offer would be that buying the most shiny newest silver bars is also not the smartest thing to do because investors pay a hefty spot premium when doing so. It is always smartest to pay the lowest spot price you can because silver bullion will trade at Fair market value regardless of how shiny it is.
I completely agree. I would like to offer an additional reason why I think silver will not skyrocket. Silver is a far too valuable industrial metal, that is a key resource for things like electronics and solar panels etc. The world could not afford silver at 100 USD/ozt unless the dollar has gone south (in which case oil and other commodities also would skyrocket). The world economy would grind to a complete halt, and the proverbial s--- would hit all fans available. If you stack for a SHTF situation, I would argue that precious metals would not be of any practical value until after the dust has cleared. YMMV, and everyone is entitled to his/her opinioin, but prepping for an apocalyptic situation is, in my opinion, a different topic that there are other YT channels that focus on. My reasons for investing in PM is purely as a hedge against inflation, and because the stock market is insanely valued now compared to PM. Silver is looking very attractive right now, both compared to production cost and to gold, although I doubt that we will se any huge correction in the gold/silver ratio any time soon. My only reason for not going all-in in silver are the premiums and the VAT. In many countries in Europe the spread (courtesy of the VAT on silver for being an industrial metal) is more than 25%. I compare that to investment gold with a spread of around 7-10%. My silver holdings are my way of being "quids-in" if my analysis is flawed. Most of it consists of refined products that I value for their beauty and for their practical use (yes I own some pure bullion too, but they are not my bulk holdings). My personal bet is on gold for many reasons. Mainly because gold can be revalued without braking the world economy. Just my thoughts on the matter. Thanks for an awesome channel, and beautiful artwork.
Wrong Rikard the amount of Silver used in electronics,solar and other industrial uses is very small.One hundred dollar silver wouldn't move prices on these products much at all......
Correct me if I'm wrong. If you look up the price in Venezuela for silver and the price of a carton of eggs you can buy a proximately 750 cartons of eggs with one ounce of silver. Or maybe I'm just out of my mind
There's an international market for silver, so there are Brazilian and Colombian buyers (as well as Venezuelans with US dollars) in Caracas right now accumulating silver. Because, after all, gold and silver have been money thousands of years before paper fiat ever came into being.
I've read that in post WWI Germany a loaf of bread cost one mark, a few years later that same loaf cost one billion marks. A wealthy German businessman had the bank close his account, sending him a check and the postage stamp cost more than the total of his account!
Very important to study dollar index.the dollar(king of the fiats) has a huge impact on all currencies and commodities.The larger the move the more the impact.silvers move to 50 allowed producers and early birds to sell to buyers at high prices all the way back down.this is what you have what you have been watching.this is what they do.
So why are other countries buying so much why is JP Morgan buying so much what do you think they know is coming? I don’t think they’re buying it to lose money on it
For me it's not about a sudden collapse / "SHTF" scenario (agree is unlikely), but the steady, creeping effect of inflation and currency devaluation over the long term (which is guaranteed!). Also the joy of holding beautiful objects that store real wealth away from the financial system. Very thought provoking BYB 👍
That's the right way to look at it. I doubt I will ever sell any of it. But who knows, may come in handy some day. Not a bad idea to be prepared more than most. And you can always give it away as gifts and pass it down to family. I wish I had figured out the silver-as-a-gift idea a long time ago, I've always been horrible at buying gifts for people. Silver is so easy. Get one for the giftee and one for myself and my collection grows slightly. If you have a little bit of expendable income then this is a great way to use it. As an investment though, there are much higher and more reliable returns than what silver can offer. Even if silver goes to $100 from here, that's meh. Good returns, not great, and the actual selling of it is a hassle. Don't buy it thinking it will make you a millionaire. It probably won't. The key is to get out of the USD and fiat currencies and into a diversified set of assets where some can at least hold their value in certain kinds of scenarios: preps (food/water/supplies), cryptocurrency, metals, stocks/bonds, and real estate. In that order. You never know, if there's a famine then freeze-dried bags of food will be the new gold and packs of Ramen noodles will be the new silver. One must consider all the scenarios.
At last someone telling the truth about Silver. Its a refreshing change from all the scammers and frauds that infest the internet with ridiculous claims such as Silver at $600, $1000, etc.
Current mining average is about 7 ounces of silver for one ounce of gold. So 80 to one by ratio would be 80/7=11 times or $17 x 11=$187 per ounce.Second reason is silver will run out of supply by as early as 2023. So the price has to rise.The only thing which will slow the rise would be people not using it because of high price and people scrapping silver objects.
silver has been good to me, I bought at10sold35oz and bought more at 18oz I'm just hoping for 40to50 which I see as totally reasonable because that's where silver should be andthat still is an undervalued price point
Great video. If silver were to return to it's kind of normal ratio to gold, it would increase by 60% (80% ratio divided by 50% ratio = 1.6) Multiply that by $17 (USD) and you get about $27 per oz. So, either gold has become more valuable than silver recently or silver is under priced. Either way, I think the markets are being manipulated.
The price does not matter, its the value. In a major deflation, $15 silver could be a lot of money or if stocks come way down and silver stays the same or goes up you are making gains against the stocks at which point you can sell your silver and buy other investments.
Thanks Backyard Bullion, that is a beautiful stack of dragon bars. Great video and you can see my first video I made. It’s called first 3 months of stacking. There is a shout out to you in it.
I was shopping for silver in a local coin shop this past spring. I ran into a gentleman who was in town visiting family, he also was buying silver, turns out he does anylitics in DC, and told me siver is a big talking point there. It is the most under valued at an 80 to 1 ratio to gold
Mate - be very careful with things like this. Just buy within your budget and don't count on silver shooting the moon to get your a profit. People have been saying the same thing for years...and it still has not happen
I seen a great article a couple months back they're saying if Tokyo alone where to go fully solar that would use up to 10% of the world's mined silver thus far.
We're not self-proclaimed to be the best country in the world (America). We got that title from our allies and from our enemies. America never said it was the number one world superpower or that we have the best economy.
Thanks my friend - land of the free, home of the brave and the largest ego's on the planet! You guys do make the best burgers ever though, I will give you that! Thanks for stopping by appreciate it! Until nexttime.
I agree...I don't think a collapse is in the near future. But I still prepare. For me, stacking silver is for the long term. Sadly, I do believe there will be a major adjustment to the price within my lifetime. Governments can't possibly continue to run up debt with no recourse. I teach history, and as they say " if you don't learn from history you're doomed to repeat it." Doesn't seem like they learned anything from 2008.
I'm a ratio person. I play off it. And in saying gold will go down mid 2018, silver will adjust through this time to the 17s, and will settle, and both will balance out at around 1280/17.50. Silver may go to 18.
Now is the perfect time to purchase silver. Remember, silver did hit $48 once before. Furthermore, what do you have to lose when silver is between $15 & $18 dollars oz. I recommend pay much silver bars or Silver Eagles Dollars as you can.
When silver was $1 per oz in 1964 do you think they were thinking that it would gain 5000% to 50/oz? It's based on how much currency is in circulation. $12T in circulation, $21T in debt. In 1996 when silver was $5/oz, how much currency was in circulation? $5T?
this is how TH-cam should be, people who inform each other on interesting topics but on a dignified and respectful way. Thank you for this informative video. I go for antique silver jewelry especially for woman and religious pictures with enamil. I buy only things I really like. for antique silver I have one advice NEVER polish your silver you wil rune the engraving and make your piece worth a lot less.
the point of stacking silver is NOT to make money but to insure your wealth dosn't lose purchasing power. Just this week the US Dollar has gone below 4 Cents of its original purchasing power. what happens when the US Dollar drops to Zero?
Its not about a collapse or the sky falling in... it is about positioning and being diversified to ensure increasing fiat "costs" aka prices of stuff and taxes dont make life hard to live. Its all in perception but at the end of the day each individual must take a position in terms of opinion and financial assets
Today (2023) silver is officially about $25.00 an ounce, but you can't realistically buy silver at under $40.00, as no-one is selling at anything under that, even if you can get it. What does all that mean .... I have no idea but I feel there might be some slight upward movement coming, but I agree that $100 is unrealistic.
So speaking to ppl in renewables market, they are rapidly developing alternatives to reduce the use of silver in solar panels. They are finding alternative options as we speak.
While the Comex is selling gold and silver they do not have in the futures market, it belies the obvious, which is that the US silver supply reserve has dropped by about 80% over the last twenty years or less. When supply and demand are corrected to what it is supposed to be relative to supply, Silver will shoot up like a rocket. It is just a matter of time before it becomes common knowledge that whether Gold or Silver, there will come a time when they will have to state that they do not have any deliverables in reserve. Two years ago this had already become a problem, especially when Germany asked to have its 300 Tons repatriated from the NY FED, which apparently it did not have. Not only that, but Silver miners can barely break even at the current price and will purposefully slow down exploration thus tightening an already low supply, thus forcing manufacturers to put down more per once to ensure that their supply remains steady relative to the demand for products which have silver as an integral part of their products. This guy comes off like a government shill, but is trying to hide it because of his Australian accent which gives the impression that he is an independent analyst instead of working for either the government or the banking cabal.
Firstly - I am not Australian, I am British. Secondly - I am a government shill!?!?!?!? What the actual fudge cake!?!? You really are interesting in the way you process information
Yeah it is, isn't it. I have no qualms in calling BS when I hear it. In giving you some credit about silver, when we have a SHTF scenario Silver will go down but I believe not for the reasons you stated in your video. Silver will only drop when our economies collapse thus cutting out most of the purchasing power of citizens wanting to buy products which have silver as part of their integral design. No demand for silver is the only thing that will force a price decline. The days of the Hunt Brothers trying to corner the market in silver can no longer be manipulated, which is, as I see it, the only way silver will drop. Yes it is bouncing all around over the last fiscal year, but not by the drop you implied in your video.
I think we're missing the point. It DOESNT matter how many "dollars" an ounce of silver will buy if confidence is lost in the dollar. What matters is what WILL an ounce of silver buy? Reports from Venezuela are that you can buy 3-6 months of grocery for a FAMILY of four. How much is that worth in U S dollars??? According to the USDA at LEAST 2-4 GRAND!!
Very good points, but I will tell you that if the dollar collapses it will be from two things. First off, the debt that we have taken is so massive that countries flat out refuse to buy any more of it and from other countries like China and Russia choosing a new backer for oil. Its not that the US will let the dollar fall its that there will be no choice in the matter, which our poor debt driven policies may lead us too. Just my view and thanks for sharing!!
You’re right about not getting rich but maintaining purchasing power in a hyperinflationary situation. What you didn’t take into account is that if nobody has any purchasing power in general then you would be able to pick up a lot of stuff at low prices relative to your purchasing power in silver. Mainly because people will be desperately feed their families and so it will be a giant fire sale. Especially if you’re holding silver and it’s increasing quickly VS fiat currency. It seems to me that people would be more likely to take it than cash. Even at a discount.
I know nothing about investments or markets but I live in a world that is becoming more unstable, the USD is losing ground, the Deutsche bank on the rocks, idiots in charge of everything as it gets madder every day. The bond markets are also entirely unsustainable, corrupt, dishonest and becoming less stable this year is looking very uncertain. I would agree that silver is unlikely yo go to the extreeme but silver looks to be the best placed ride for 2018.
Another thing that I would like to add is that it is complete speculation when people say silver will hit $100 an ounce. There will definitely be another run up and silver prices. No one knows how big that run-up will be or when it will take place, if everyone knew that we could all just quit our jobs and start investing in silver because we would know exactly when to buy and sell !! It's no different than the stock market, it has been proven that market timing even by professionals is nearly impossible. I'm not saying that it is nearly impossible to time the market correctly I am saying it is nearly impossible to time the market perfectly over and over during the course of a career. So to all those silver collectors and investors continue to buy while prices are low and we will all keep our fingers crossed that we see a big run-up in the near future
What are your reasons? Gold went from $120 to over $800 in the 1970's. The chart looks eerily similar to that decade, and the monetary environment today is at its worst in history. Gold went from $400 to over $1900 in the 2000's; basically 4 fold. Silver went from $4 to $50. What makes you think it won't happen again? Be sure not to misinform.
SuperiorSeven. I find it very convenient that even though Gold and silver did spike up in the 70's and again in the 2000's, unlike the 70's though Gold and silver has since crashed in value since the 2000's. In 7 years they've both lost almost if not more than half the value they gained and they are STILL both declining slowly but steadily in value with only momentary spikes in price followed by eventual or immediate declines after. Please take your conspiratard as elsewhere. The world as we know it will literally be on fire before gold ever hit's $10,000
Just some info. I have bought Silver on EBay 3 times and all 3 times I tested and received real silver. EBay also has a money back guarantee which is awesome, although I have never needed to use it.
Backyard Bullion, maybe I’ve been lucky. I don’t know if places like Apmex or Provident have money back guarantees, but luckily I’ve never needed to check.
The JP Morgan Chase silver accumulation is interesting, you can’t argue with fact and numbers and the fact is they have accumulated an unbelievable amount in a very short period of time while keeping a large short position. Are they creating a Box position in sliver or are they hedging?
As I told millions of people, if you are planning to get rich on silver.. then don't buy silver.. silver are now more of a security saving then a high yield saving. it is hard asset which you have in emergency or chaos scenario.. does having silver makes you rich? if the world come to a stage where you need silver for currency, you are pretty screwed for trade any way.. no trade = no wealth.. so no silver will not make you rich but keeps you secure..
Exactly. It can make you wealthy if you know when to sell on the once every 25 year run-ups but other than that...I think of it if money becomes really not trusted...an ounce of silver or silver dollar will surely buy you a few groceries or neighbors eggs or chicken or gas for your car. It becomes the default currency when not everyone has food or livestock to trade with.
Silver hit $50 an ounce when i was a teenager, thats been almost 40 years ago. Today it was at $15.40 oz.... I buy silver coins and rounds, mainly because i like the looks of the imprint on them, but I'm not expecting a windfall profit. Hope I'm wrong
This country's FIAT cannot last forever and will collapse. So an ultimate correction could and will happen if history is our guide. Maybe not this year, but it has to happen. We are too far in debt to ever recover. It has to fail at some point. Keep stacking.
It will depend too on demand from the upcoming Full Reserve Payment /Monetary system, requiring 100% Gold /Silver backing. It defeats Greshams Law by putting retailers and customers inside the transaction fee system as a recipient of a percentage of the merchant fees. This is money previously banks and financial institutions have taken. Retailers are to be incentivised by merchant fee rebates of 0.33% and customers have personal sovereignty over their money by way of an immutable right to a yield on the money they are spending in PERPETUITY. A daily reward of 0.05% (5 Basis Points) at a money velocity of 30%, produces a 5.48% annual yield. Never before has there been a yield on PM's. Over time (20 years a 5% return with Silver at $16 would get you all your money back from your share of transaction fee income.At $32 this would drop to 10 years.) It remains to be seen if this currency will finally bring Comex Silver price suppression under control.
Definitely not overnight I agree but perhaps sometime down the road, perhaps years, I saving mine untiltil retirement, I'm in my forties so I'll sit on it. I'll keep buying while the price is low.
Wise idea. Just dont depend on a shoot the moon scenario. Metals preserve wealth rather than generate wealth. I will admit there is a chance they will explode, just a slim chance in my opinion.
Every year since 2011 it was said silver would be $100 an ounce, but it hasn't happened yet. I agree, it won't happen until something huge happens. The reason we have bubbles is because there is easy leverage in said bubble, whether it be housing, schooling, cars, etc. It's incredibly costly to use leverage for silver or gold. However, if banks start handing out easy money for metals, I believe it would shoot through the roof since broke people will use leverage for these things too. There's not a lot of people with a lot of money to invest anymore. I choose silver however because it's actually less costly than buying a house, and I see that I'm buying part of a house when I buy silver. Stocks are better since dividends cover cost of funds expenses, in which I prefer value index funds of developed nations. In short I liked this video, first one of yours I've listened to. Glad you have the same sentiment of myself, not of a doomsday mindset but a peace of mind that we're not putting money on the whim of bankers and derivatives, but on real stuff. I hope to listen to more of your videos in the future.
Thanks for the comment - I think we are of very similar minds. Too many people out there constantly saying $100 or $1000 silver, just not going to happen until a huge paradigm shift. Thanks for stopping by and glad you enjoyed my discussion!
I've for five years now and paying attention every day. I'd be amazed to see even 25 dollar silver this year but it's still a good investment and a lot of fun to stack.
Like the channel man. Interesting to get a Brit's perspective. When I think of people from the UK, I think of people who dont question their government, embrace Socialism, love the royals, and keep a "stiff upper lip" at the loss of their freedom and economic prosperity. Glad to see there is at least one person awake over there. Subbed
Thanks my friend - glad to hear your feedback. I would probably say I am half in that category you mentioned - but I am more enlightened as I have a big silver stack!
Agreed! no $100 or more silver in fact unlikely over $32 at best unless a significant world event happens like you said, till that game changer happens. Good vid !
$100 oz people would be queuing outside bullion dealers with cutlery.. I think down to 10 then up to 30, there's too many people waiting for a jump and it'll act like a natural catch 22
Finally somebody said it. 100.00 per oz., hasn't happened ever not sure why so many people think it will go to 1,000 let alone 100.00. Thank you, jeez.
I appreciate how you share your opinions and views. I also like how you encourage dialogue. Thank you for taking the time to do so. I believe most your opinions and facts that back them are correct. I believe that silver is a wealth preserving not gaining tool. At this time with the recent history of banking, I believe it would be unwise to put savings into banks. Instead you should do so in Silver and other precious metals. Savings should be at a minimum 10 percent of your monthly gross. Just my humble opinion
The price of silver has FAILED to keep up with inflation... this is a fact... if it were it should be at lest $18 today, if adjusted for inflation in 2008 prices!
Way to stamp on my dreams BYB :'( As Ive said before on video, silver is a great safe store of wealth with the added bonus of the tiny chance of going mental. There arent many asset that fall into that category.
I have to agree with you on the silver prices not going to the Moon in our lifetime. If it does go up this year I don't think it will break $20 barring a disaster. Good video sir!
David Argento when fiat currency crashes, most people in the UK don't have a penny invested in reality. The PlayStation generation, silver will be barterable, a game of halo will not be.
The Queens beast Griffin is now $123 on Apmex, thats a good sign, the lion however doesn't seem to be as expensive, great investment tho, I'm just wondering why the griffin has done better, I'm happy I bought more of those than any other two ounce Queens beast. Seems very odd. Minimum in the UK is £50. So if you bought in at release its looking like an excellent investment.
Backyard Bullion they are the best looking coin from the set I'll give you that,. Still waiting for the ten ounces to keep up, only three released so far Ten ounce set will be amazing.
If Silver went to a $100 it would make a solar panel cost a $100 more! .62 of an ounce is used in manufacturing a solar panel. The government is subsidizing them so why not!
I am not a financial advisor but sliver is going up six fold and I would rather put cash in a savings account at 1percent in a fiat currency. They call me numb as hell...
Even though silver is still greatly undervalued, once you have more than you can physically carry, you might as well buy the dips in gold prices. If silver ever does get to £/$100 per oz and I can buy 15-20 acres of recreational riverside broadleaf woodland and meadow in the UK I will have (hopefully) acquired my utopia.
That is a bit absurd, isn't it? So is the gross manipulation of gold and silver that goes on by the CME, Wallstreet, US government, Stabilization Fund, and Central banks from around the world.NO! Actually, the manipulation is even more absurd than my idea! By maneuvering something that they don't have or own in the first place.
I don't believe it will happen soon, but there are several factors that will almost guarantee a big rise. Historic 12.1 ratio. There's no way Gold is going to do a big drop. Also Silver has many uses outside of Jewelry. It's been so undervalued for so long it's got to rise at some point. The high stock market can't last forever.
Excellent video. My take on a lot of the predictions of imminent financial collapse carries an unspoken assumption of a gold or silver standard. It's a little like complaining at people playing Go because they're doing chess wrong.
I agree with you. I really doubt it will reach $100 this year or any year soon. I believe it will rise again but not much. I'm in PM long term. So i will keep stacking and ride it out and wait for my number. Thanks for the video
The Dollar has lost 95% of it's buying power in the last 100 years or so and is so worthless it is no longer backed by gold or silver as it once was. Silver has kept pace with other goods and commodities. Sure, it may be manipulated on the SLV and other paper markets but as things keep getting more expensive (i.e. a devaluing Dollar), REAL stores of wealth, silver, gold oil, food, land and real estate pretty much pace each other given a long enough timeline. It's not about getting rich, it's about keeping what you have...
I would love to see $100 someday, but not this year or next because I need to stack more. lol.
I hope the prices stay lower for longer too - more time to buy!
Backyard Bullion how much it be before u sale I'm buying in bulks right now
facts
Pwahahahaha, ny sentiments entirely!
Apparently not in 3 years either. You will be under ground when silver goes to 100
THANK YOU for making this video! I've always been turned off by the almost cult-like attitude SOME people in the stacking community have towards silver, constantly claiming that it's about to shoot to the Moon! Silver, just like every other type of asset, is an investment, not a get rich quick scheme. If you're buying silver expecting it to go to a thousand dollars an ounce so you can pay off your mortgage, you're going to be very disappointed!
Thanks my friend, I also felt the same when getting started and I think those people saying $100/Oz silver are irresponsible to tout off that in the way some of them do.
Those who are on PM, constantly believe that;
1. Gold and silver retains its value in any situation unless Sylar goes berserks and change all metal on earth into gold or silver.
2. Silver are undervalued by the time of immemorial's average ratio of 15 to 1.
3. Inflations do exists and eating our purchasing power on fiat system.
4. Silver are industrial metal with no potent alternatives as of current technologies.
5. Manipulations are in actions by the fiat system's players.
6. PM are money where ever or when ever you might be.
With those 6 basis points (maybe someone can add more), we can continue to predict these senarios;
a. If dollar collapse, some other currencies will take on dollar position and provide any price of PM that they see fit, but, we are ready.
b. If gold goes down, silver buys more gold, but, we are ready.
c. If silver goes down, we know that we holds for long term and obviously we can buy more, but, that also, we are ready.
d. If hyperinflation strike, we know that PM retain its value, once again, we are ready.
e. If war happens, we know what item to bring with us if we ever need to get out of the country, but, we are ready.
f. If resets happens, what being reset are fiat, no one can reset 1oz of gold to 1/2 oz, but, we are ready.
g. If governments confiscate PM, we know what to do right?
h. If doomsday happens, this one is simple, we all die. I hope we are ready with all our good deeds to bring as investments for afterlife.
Thanks for the insights, very interesting
TBH with you, i play my wealth game in a block type portfolios.
All my worth, i divided it in 2:3:3:2 blocks ratios. 2 part in PM, 3 part in cash, 3 part in land and 2 part in others such as rental, royalties, dividend etc.
All my PM, i divided it in 2:6:2 blocks ratio with 2 part in gold, 6 part in GSR and 2 part in silver.
when ratios goes extreme, i just play on GSR. means that my basis ratio is 50:1 on holding at hoarding type blocks. whenever the GSR goes below 50:1, i convert 25% of my 6 part blocks into gold, at below 40:1 i convert another 25%. at below 30:1 another 25% and finally at 20:1 completed all conversion.
but, i still holds my 2 part blocks with 50:1 so that my silver still has spare if it goes to 10:1 and below.
i hope you can see my strategy. lol
Im sharing my strategy so that someone might find it logical can consider my view and might use it as a tool in managing money.
There is not too late to start preparing something. I wish you all the best.
Unfortunately you’re speculating on an entirely speculative market. The paper silver market and the physical silver market are not the same thing yet some how they’re represented as the same. I’ll buy silver all day for 25 bucks.
What about Germany's Weimar Republic? I don't know about silver, but when they were experiencing hyperinflation, the buying power of gold shot through the roof. Also, how do you know that the US will retain it's hegemony? They are becoming more socialist by the day. In addition to this, China and other countries are moving off of the petro dollar, which may weaken the US dollar's power, and eventually it could lose it's position as the reserve currency.
All of these are possible, but I just cannot see the USA letting that happen any time soon!
Backyard Bullion, they may not have a choice in the matter 🤷🏻♂️
Dave Aid :-) there are millions of us with firearms just itching to take out commy traitors. Why do you think they are so hot to disarm us?
BigTomInTheBasement, hey, man I’m all for the second amendment but if other nations get together and decide to price oil in another currency than the US dollar, your firearms wouldn’t be of much use. Trade wars have already begun. Last week Canada retaliated for the tariffs the Trump admin has imposed.
Dave Aid oh, I'm sure the economic collapse will occur. Our population has grown soft on free money created by taking advantage of other countries. We will get the economy we deserve. Things will be hard for a while but we'll get through it with our rights and constitution intact or no country at all. The population will suffer for a while, but we'll be stronger for it.
To me, you must diversify: Have liquid cash, own businesses, own real estate, stocks and have some gold and silver etc. If some of the listed items are trash, the others are likely your anchor until the storm is over.
I agree that diversification is key. Thanks for the insightful comment!
Businesses will be taxed even more, real estate will have crippling property tax rates, and stocks will crumble during the next recession/depression. Liquid cash will have some value considering only a few % of cash is physical and idiot vendors will still accept it for a little while. Gold/Silver/PM's great insurance.
At least home values never go to zero. And have always came back up
Yeah, but home prices are shooting up much higher than wages, which leads me to believe homes are overvalued.
@@benfrankog6111 oh I agree completely. Iv been watching the charts and it's super fucked. Hopefully everyone had enough fanatical education to protect them self's in the next bear market
Completely agree. When I was a teen in the eighties an adult once told me, “Silver has never been worth much more than $40.” That was over 40 years ago and their words still stand true. I do stack silver for my sons, and for them it will be 100% profit when they sell, no matter the price.
So much can happen in these markets , it is impossible to predict when silver is going into the galaxy
havikshorst120 it might never shoot the moon again. Or if it does, expect something like when it was around $50. Either way I’m not betting on it doing anything but tracking roughly with inflation.
It is impossible to predict, but the past can tell us about the future. I dont think we will see even $50/oz silver any time soon.
havikshorst120 pretty soon I recon, 90% of the UK havn't got a fucking clue what's happening in the world, thanks to our North Korean style of main stream media reporting. Even my local MP is a patsy establishment plant
. We are all being betrayed and misled.
I've been buying silver on the small scale, started out this year. Though I've collected coins since I was a child, I hadn't really thought about primarily investing in silver until a couple years ago. I have multiple reasons that drive me to have a stash. My children, my future and just how enjoyable it is. I think especially when you talk about government or currency, you'll get a few people with unrealistic ideas on the subject. But I do think it is a stable way to invest wealth. I'm very much into the more collector side of silver, I'd love to see you do a video on the Earth and Beyond coin series. I'm expecting my coin in the mail today lol. Thank you for the great videos!
You have a healthy outlook on your investment for sure. Thanks for stopping by and thanks for the comment!
As a lifelong investor in silver my best advice to you and all those reading is that silver always drops in value when the economy is doing well . With that being said we can look back and see the economy has done nothing but go upward since 2011- 2012 and silver has done the exact opposite. So I would always continue to buy as the economy continues to go upward & since the economy always runs in Cycles it will eventually go back down !! when this happens investors flock to silver Bec it is seen as a safe Haven, this is especially good because demand for electronics that are reliant on Silver also continues to rise causing silver to rise drastically in times of economic downfall. Another piece of advice I would offer would be that buying the most shiny newest silver bars is also not the smartest thing to do because investors pay a hefty spot premium when doing so. It is always smartest to pay the lowest spot price you can because silver bullion will trade at Fair market value regardless of how shiny it is.
I completely agree. I would like to offer an additional reason why I think silver will not skyrocket. Silver is a far too valuable industrial metal, that is a key resource for things like electronics and solar panels etc. The world could not afford silver at 100 USD/ozt unless the dollar has gone south (in which case oil and other commodities also would skyrocket). The world economy would grind to a complete halt, and the proverbial s--- would hit all fans available.
If you stack for a SHTF situation, I would argue that precious metals would not be of any practical value until after the dust has cleared. YMMV, and everyone is entitled to his/her opinioin, but prepping for an apocalyptic situation is, in my opinion, a different topic that there are other YT channels that focus on.
My reasons for investing in PM is purely as a hedge against inflation, and because the stock market is insanely valued now compared to PM. Silver is looking very attractive right now, both compared to production cost and to gold, although I doubt that we will se any huge correction in the gold/silver ratio any time soon. My only reason for not going all-in in silver are the premiums and the VAT. In many countries in Europe the spread (courtesy of the VAT on silver for being an industrial metal) is more than 25%. I compare that to investment gold with a spread of around 7-10%. My silver holdings are my way of being "quids-in" if my analysis is flawed. Most of it consists of refined products that I value for their beauty and for their practical use (yes I own some pure bullion too, but they are not my bulk holdings). My personal bet is on gold for many reasons. Mainly because gold can be revalued without braking the world economy. Just my thoughts on the matter. Thanks for an awesome channel, and beautiful artwork.
Thanks for the very insightful comment. Very good reasoning and advise here appreciate you stopping by and thanks for the feedback on my artwork!
Wrong Rikard the amount of Silver used in electronics,solar and other industrial uses is very small.One hundred dollar silver wouldn't move prices on these products much at all......
Like soooo many others I am just along for the ride. Time and time alone will tell all. Thanks for this bud.
Life is a rollercoaster to coin a phrase!
Correct me if I'm wrong. If you look up the price in Venezuela for silver and the price of a carton of eggs you can buy a proximately 750 cartons of eggs with one ounce of silver. Or maybe I'm just out of my mind
Maybe - but you need someone to buy the silver from you first. Nobody has money!
You never sell your silver . smh Barrow agents or invest it . move outta the country .
There's an international market for silver, so there are Brazilian and Colombian buyers (as well as Venezuelans with US dollars) in Caracas right now accumulating silver. Because, after all, gold and silver have been money thousands of years before paper fiat ever came into being.
dscott6629 : i would like to learn more about that ! How can i ?
Silver costs the same eveywhere... geez an ounce in Hong Kong the same as Berlin
.
It's funny to look back and watch this now as we battle with trying not to default on the dollar
I've read that in post WWI Germany a loaf of bread cost one mark, a few years later that same loaf cost one billion marks. A wealthy German businessman had the bank close his account, sending him a check and the postage stamp cost more than the total of his account!
Yes indeed - having gold or silver then would have preserved your buying power, not made you rich.
Silver not going up fiats are going down.
Not price correction.Producers and early birds sell into high prices not low prices.
You make a good point
Very important to study dollar index.the dollar(king of the fiats) has a huge impact on all currencies and commodities.The larger the move the more the impact.silvers move to 50 allowed producers and early birds to sell to buyers at high prices all the way back down.this is what you have what you have been watching.this is what they do.
So why are other countries buying so much why is JP Morgan buying so much what do you think they know is coming? I don’t think they’re buying it to lose money on it
They are preserving buying power on uncertain times, not "investing" in silver.
Backyard Bullion They know it’s going to go up but yes it’s also great insurance against deflation and inflation.
For me it's not about a sudden collapse / "SHTF" scenario (agree is unlikely), but the steady, creeping effect of inflation and currency devaluation over the long term (which is guaranteed!). Also the joy of holding beautiful objects that store real wealth away from the financial system. Very thought provoking BYB 👍
Thanks for the comment - we are of like minds it seems!
I bought silver as I hobby. Not expecting to get my money back.
One way to look at it i suppose!
That's the right way to look at it. I doubt I will ever sell any of it. But who knows, may come in handy some day. Not a bad idea to be prepared more than most. And you can always give it away as gifts and pass it down to family. I wish I had figured out the silver-as-a-gift idea a long time ago, I've always been horrible at buying gifts for people. Silver is so easy. Get one for the giftee and one for myself and my collection grows slightly. If you have a little bit of expendable income then this is a great way to use it.
As an investment though, there are much higher and more reliable returns than what silver can offer. Even if silver goes to $100 from here, that's meh. Good returns, not great, and the actual selling of it is a hassle. Don't buy it thinking it will make you a millionaire. It probably won't. The key is to get out of the USD and fiat currencies and into a diversified set of assets where some can at least hold their value in certain kinds of scenarios: preps (food/water/supplies), cryptocurrency, metals, stocks/bonds, and real estate. In that order.
You never know, if there's a famine then freeze-dried bags of food will be the new gold and packs of Ramen noodles will be the new silver. One must consider all the scenarios.
"Never" is a very long time.
At last someone telling the truth about Silver. Its a refreshing change from all the scammers and frauds that infest the internet with ridiculous claims such as Silver at $600, $1000, etc.
Well, I feel quite strongly against these scammers and frauds too. I want to tell the truth.
I'm from the future. Silver will still be at $15.20 in the month of April 2019.
Current mining average is about 7 ounces of silver for one ounce of gold. So 80 to one by ratio would be 80/7=11 times or $17 x 11=$187 per ounce.Second reason is silver will run out of supply by as early as 2023. So the price has to rise.The only thing which will slow the rise would be people not using it because of high price and people scrapping silver objects.
silver has been good to me, I bought at10sold35oz and bought more at 18oz I'm just hoping for 40to50 which I see as totally reasonable because that's where silver should be andthat still is an undervalued price point
Silver is already worth more than $100 an ounce. We are just told otherwise by those we are taught to respect.
Well, this is one way to look at it I suppose!
Let em keep telling us it ain’t worth anything lol. Gives me the ability to buy more.
I think you are right,, But with prices up down and all around... You never know!
One thing for sure, Silver and Gold will go up.
I just love owning silver. Price or no price there's just something about holding it.
I know what you mean, it's very nice indeed!
Great video. If silver were to return to it's kind of normal ratio to gold, it would increase by 60% (80% ratio divided by 50% ratio = 1.6) Multiply that by $17 (USD) and you get about $27 per oz. So, either gold has become more valuable than silver recently or silver is under priced. Either way, I think the markets are being manipulated.
The price does not matter, its the value. In a major deflation, $15 silver could be a lot of money or if stocks come way down and silver stays the same or goes up you are making gains against the stocks at which point you can sell your silver and buy other investments.
Thanks Backyard Bullion, that is a beautiful stack of dragon bars. Great video and you can see my first video I made. It’s called first 3 months of stacking. There is a shout out to you in it.
Thanks for stopping by - I will go check your video out now
I was shopping for silver in a local coin shop this past spring. I ran into a gentleman who was in town visiting family, he also was buying silver, turns out he does anylitics in DC, and told me siver is a big talking point there. It is the most under valued at an 80 to 1 ratio to gold
Mate - be very careful with things like this. Just buy within your budget and don't count on silver shooting the moon to get your a profit. People have been saying the same thing for years...and it still has not happen
I agree a little bit at a time
I think you are correct to a point. It will not hit 100 USD if adjusted for inflation.
I seen a great article a couple months back they're saying if Tokyo alone where to go fully solar that would use up to 10% of the world's mined silver thus far.
We're not self-proclaimed to be the best country in the world (America). We got that title from our allies and from our enemies. America never said it was the number one world superpower or that we have the best economy.
Most people in the USA think you are number 1 😉 Japan could influence the market a bit it seems!
Backyard Bullion I'm young and naive but even I know America's not the best. Anyways keep up the great videos I look forward to your next one
Thanks my friend - land of the free, home of the brave and the largest ego's on the planet! You guys do make the best burgers ever though, I will give you that! Thanks for stopping by appreciate it! Until nexttime.
At least in America we don't get thrown in prison for hurting peoples feelings by making Nazis jokes.
I agree...I don't think a collapse is in the near future. But I still prepare. For me, stacking silver is for the long term. Sadly, I do believe there will be a major adjustment to the price within my lifetime. Governments can't possibly continue to run up debt with no recourse. I teach history, and as they say " if you don't learn from history you're doomed to repeat it." Doesn't seem like they learned anything from 2008.
Brandon Snider the Romans ran out of silver and it cost them a city.
Brandon Snider next
If you dont think it will happen in your lifetime then why stack silver? LOL
Thank you for your common sense approach to owning silver.
Thanks for watching!
I'm a ratio person. I play off it. And in saying gold will go down mid 2018, silver will adjust through this time to the 17s, and will settle, and both will balance out at around 1280/17.50. Silver may go to 18.
Thanks for the comment - hopefully silver will jump a little and stay there, unlike yesterday.
Now is the perfect time to purchase silver. Remember, silver did hit $48 once before.
Furthermore, what do you have to lose when silver is between $15 & $18 dollars oz. I recommend pay much silver bars or Silver Eagles Dollars as you can.
It could well go up again, but regardless it is cheap now!
When silver was $1 per oz in 1964 do you think they were thinking that it would gain 5000% to 50/oz?
It's based on how much currency is in circulation. $12T in circulation, $21T in debt.
In 1996 when silver was $5/oz, how much currency was in circulation? $5T?
$1 in the 1960s is NOT $1 in 2019.... it's more like $8+....
@@cramsa ya.
this is how TH-cam should be, people who inform each other on interesting topics but on a dignified and respectful way. Thank you for this informative video. I go for antique silver jewelry especially for woman and religious pictures with enamil. I buy only things I really like. for antique silver I have one advice NEVER polish your silver you wil rune the engraving and make your piece worth a lot less.
I agree - but there are some pretty small-minded people out there who will always be rude.
the point of stacking silver is NOT to make money but to insure your wealth dosn't lose purchasing power. Just this week the US Dollar has gone below 4 Cents of its original purchasing power. what happens when the US Dollar drops to Zero?
Sadly it will not make a difference. The new norm is about debt and devaluation
Its not about a collapse or the sky falling in... it is about positioning and being diversified to ensure increasing fiat "costs" aka prices of stuff and taxes dont make life hard to live. Its all in perception but at the end of the day each individual must take a position in terms of opinion and financial assets
Today (2023) silver is officially about $25.00 an ounce, but you can't realistically buy silver at under $40.00, as no-one is selling at anything under that, even if you can get it. What does all that mean .... I have no idea but I feel there might be some slight upward movement coming, but I agree that $100 is unrealistic.
Um, I sell silver at $27 per oz by the hundreds.
@@BackyardBullion Really? that would cool if it was true. I looked at your store and you have NOTHING for sale, I repeat .....NOTHING for sale !
So speaking to ppl in renewables market, they are rapidly developing alternatives to reduce the use of silver in solar panels. They are finding alternative options as we speak.
Well, until they do, silver is the metal of choice.
While the Comex is selling gold and silver they do not have in the futures market, it belies the obvious, which is that the US silver supply reserve has dropped by about 80% over the last twenty years or less. When supply and demand are corrected to what it is supposed to be relative to supply, Silver will shoot up like a rocket. It is just a matter of time before it becomes common knowledge that whether Gold or Silver, there will come a time when they will have to state that they do not have any deliverables in reserve. Two years ago this had already become a problem, especially when Germany asked to have its 300 Tons repatriated from the NY FED, which apparently it did not have.
Not only that, but Silver miners can barely break even at the current price and will purposefully slow down exploration thus tightening an already low supply, thus forcing manufacturers to put down more per once to ensure that their supply remains steady relative to the demand for products which have silver as an integral part of their products.
This guy comes off like a government shill, but is trying to hide it because of his Australian accent which gives the impression that he is an independent analyst instead of working for either the government or the banking cabal.
Firstly - I am not Australian, I am British. Secondly - I am a government shill!?!?!?!? What the actual fudge cake!?!? You really are interesting in the way you process information
Yeah it is, isn't it. I have no qualms in calling BS when I hear it. In giving you some credit about silver, when we have a SHTF scenario Silver will go down but I believe not for the reasons you stated in your video. Silver will only drop when our economies collapse thus cutting out most of the purchasing power of citizens wanting to buy products which have silver as part of their integral design. No demand for silver is the only thing that will force a price decline. The days of the Hunt Brothers trying to corner the market in silver can no longer be manipulated, which is, as I see it, the only way silver will drop. Yes it is bouncing all around over the last fiscal year, but not by the drop you implied in your video.
You may disagree with my opinions - but why on earth do you think I am a government shill! You are pretty bonkers mate...
I think we're missing the point. It DOESNT matter how many "dollars" an ounce of silver will buy if confidence is lost in the dollar. What matters is what WILL an ounce of silver buy? Reports from Venezuela are that you can buy 3-6 months of grocery for a FAMILY of four. How much is that worth in U S dollars??? According to the USDA at LEAST 2-4 GRAND!!
Very good points, but I will tell you that if the dollar collapses it will be from two things. First off, the debt that we have taken is so massive that countries flat out refuse to buy any more of it and from other countries like China and Russia choosing a new backer for oil. Its not that the US will let the dollar fall its that there will be no choice in the matter, which our poor debt driven policies may lead us too. Just my view and thanks for sharing!!
Yes indeed - it could happen for sure. Not sure if it will be in our lifetime though - appreciate you stopping by and your 2¢
You’re right about not getting rich but maintaining purchasing power in a hyperinflationary situation. What you didn’t take into account is that if nobody has any purchasing power in general then you would be able to pick up a lot of stuff at low prices relative to your purchasing power in silver. Mainly because people will be desperately feed their families and so it will be a giant fire sale. Especially if you’re holding silver and it’s increasing quickly VS fiat currency. It seems to me that people would be more likely to take it than cash. Even at a discount.
I know nothing about investments or markets but I live in a world that is becoming more unstable, the USD is losing ground, the Deutsche bank on the rocks, idiots in charge of everything as it gets madder every day. The bond markets are also entirely unsustainable, corrupt, dishonest and becoming less stable this year is looking very uncertain. I would agree that silver is unlikely yo go to the extreeme but silver looks to be the best placed ride for 2018.
We shall see, so many think it is the golden bullet of 2018. I just see another flat year.
Another thing that I would like to add is that it is complete speculation when people say silver will hit $100 an ounce. There will definitely be another run up and silver prices. No one knows how big that run-up will be or when it will take place, if everyone knew that we could all just quit our jobs and start investing in silver because we would know exactly when to buy and sell !! It's no different than the stock market, it has been proven that market timing even by professionals is nearly impossible. I'm not saying that it is nearly impossible to time the market correctly I am saying it is nearly impossible to time the market perfectly over and over during the course of a career. So to all those silver collectors and investors continue to buy while prices are low and we will all keep our fingers crossed that we see a big run-up in the near future
It is a huge possibility, especially if gold shoots up to between $5,000 and $10,000
That just won't happen
What are your reasons? Gold went from $120 to over $800 in the 1970's. The chart looks eerily similar to that decade, and the monetary environment today is at its worst in history. Gold went from $400 to over $1900 in the 2000's; basically 4 fold. Silver went from $4 to $50. What makes you think it won't happen again? Be sure not to misinform.
SuperiorSeven. I find it very convenient that even though Gold and silver did spike up in the 70's and again in the 2000's, unlike the 70's though Gold and silver has since crashed in value since the 2000's. In 7 years they've both lost almost if not more than half the value they gained and they are STILL both declining slowly but steadily in value with only momentary spikes in price followed by eventual or immediate declines after. Please take your conspiratard as elsewhere. The world as we know it will literally be on fire before gold ever hit's $10,000
Just some info. I have bought Silver on EBay 3 times and all 3 times I tested and received real silver. EBay also has a money back guarantee which is awesome, although I have never needed to use it.
Plenty of real bars on eBay, some bad ones but as you say you are protected
Backyard Bullion, maybe I’ve been lucky. I don’t know if places like Apmex or Provident have money back guarantees, but luckily I’ve never needed to check.
J Arnold , it was over the last few years. Always people with lots of good reviews and almost no negative reviews.
The JP Morgan Chase silver accumulation is interesting, you can’t argue with fact and numbers and the fact is they have accumulated an unbelievable amount in a very short period of time while keeping a large short position. Are they creating a Box position in sliver or are they hedging?
This is true.
As I told millions of people, if you are planning to get rich on silver.. then don't buy silver.. silver are now more of a security saving then a high yield saving. it is hard asset which you have in emergency or chaos scenario.. does having silver makes you rich? if the world come to a stage where you need silver for currency, you are pretty screwed for trade any way.. no trade = no wealth.. so no silver will not make you rich but keeps you secure..
Thanks for the insight
Exactly. It can make you wealthy if you know when to sell on the once every 25 year run-ups but other than that...I think of it if money becomes really not trusted...an ounce of silver or silver dollar will surely buy you a few groceries or neighbors eggs or chicken or gas for your car. It becomes the default currency when not everyone has food or livestock to trade with.
you have very good info on silver , I like your videos , thank you sir.
Thanks my friend, appreciate you stopping by!
Silver hit $50 an ounce when i was a teenager, thats been almost 40 years ago. Today it was at $15.40 oz.... I buy silver coins and rounds, mainly because i like the looks of the imprint on them, but I'm not expecting a windfall profit. Hope I'm wrong
You are preserving buying power and wealth though so it is all good
This country's FIAT cannot last forever and will collapse. So an ultimate correction could and will happen if history is our guide. Maybe not this year, but it has to happen. We are too far in debt to ever recover. It has to fail at some point. Keep stacking.
Its true to a point.. but food that doesn’t require a fridge will be worth more then silver ALL DAY
This is possible - bit in my head an incredibly unlikely scenario
Vincent Nobles and ammo my friend.
darren p dp believe me .i’ve been on that along time ago
It will depend too on demand from the upcoming Full Reserve Payment /Monetary system, requiring 100% Gold /Silver backing. It defeats Greshams Law by putting retailers and customers inside the transaction fee system as a recipient of a percentage of the merchant fees. This is money previously banks and financial institutions have taken. Retailers are to be incentivised by merchant fee rebates of 0.33% and customers have personal sovereignty over their money by way of an immutable right to a yield on the money they are spending in PERPETUITY. A daily reward of 0.05% (5 Basis Points) at a money velocity of 30%, produces a 5.48% annual yield. Never before has there been a yield on PM's. Over time (20 years a 5% return with Silver at $16 would get you all your money back from your share of transaction fee income.At $32 this would drop to 10 years.) It remains to be seen if this currency will finally bring Comex Silver price suppression under control.
Thanks for the insights
Definitely not overnight I agree but perhaps sometime down the road, perhaps years, I saving mine untiltil retirement, I'm in my forties so I'll sit on it. I'll keep buying while the price is low.
Wise idea. Just dont depend on a shoot the moon scenario. Metals preserve wealth rather than generate wealth. I will admit there is a chance they will explode, just a slim chance in my opinion.
In my 20s hope too see a 8% yearly return by 2050
you are right but I love the stuff to much.
Me too!
Every year since 2011 it was said silver would be $100 an ounce, but it hasn't happened yet. I agree, it won't happen until something huge happens. The reason we have bubbles is because there is easy leverage in said bubble, whether it be housing, schooling, cars, etc. It's incredibly costly to use leverage for silver or gold. However, if banks start handing out easy money for metals, I believe it would shoot through the roof since broke people will use leverage for these things too. There's not a lot of people with a lot of money to invest anymore. I choose silver however because it's actually less costly than buying a house, and I see that I'm buying part of a house when I buy silver. Stocks are better since dividends cover cost of funds expenses, in which I prefer value index funds of developed nations.
In short I liked this video, first one of yours I've listened to. Glad you have the same sentiment of myself, not of a doomsday mindset but a peace of mind that we're not putting money on the whim of bankers and derivatives, but on real stuff. I hope to listen to more of your videos in the future.
Thanks for the comment - I think we are of very similar minds. Too many people out there constantly saying $100 or $1000 silver, just not going to happen until a huge paradigm shift. Thanks for stopping by and glad you enjoyed my discussion!
Some increasingly powerful countries are banking on gold and silver and are not going to let it be manipulated low forever...
Possibly - but only time will tell!
yes and they will have their way with price
I've for five years now and paying attention every day. I'd be amazed to see even 25 dollar silver this year but it's still a good investment and a lot of fun to stack.
Best not to look every day. Check back in 10 years 😉
@@BackyardBullion are you sure about that??
I hope your amazed right now
It could stay at 17 am ounce,but after a reset that could be quite a lot in a new currency
Possible - we will see
Like the channel man. Interesting to get a Brit's perspective. When I think of people from the UK, I think of people who dont question their government, embrace Socialism, love the royals, and keep a "stiff upper lip" at the loss of their freedom and economic prosperity. Glad to see there is at least one person awake over there. Subbed
Thanks my friend - glad to hear your feedback. I would probably say I am half in that category you mentioned - but I am more enlightened as I have a big silver stack!
Why do we keep on talking about the Silver price vs the Gold price ? What about platinum as an investment area
Platinum is growing and it is a pick for the future for sure, but it has its downsides.
If companies can manipulate the prices then wouldn't they want the market to go up?
Eventually, yes. But they want it low so it is cheaper to buy into their position
Where do you buy your sliver from? And also what price should I be looking at to buy sliver? Thank you so much for the video really helpful!
depends on where you live - If you live in the UK then www.europeanmint.com or if the USA then www.apmex.com
I hope the silver price stays low for a very long period of time, decades. I want the time to buy more.
I agree - I have much more buying to do!
Agreed! no $100 or more silver in fact unlikely over $32 at best unless a significant world event happens like you said, till that game changer happens. Good vid !
Well indeed - unless you have a huge world paradigm shift it will not happen
This comment lol
The biggest manipulation comes from banks. Some of them are accumulating huge amounts. If they collapse you may see a price change. DB, JPM etc
$100 oz people would be queuing outside bullion dealers with cutlery.. I think down to 10 then up to 30, there's too many people waiting for a jump and it'll act like a natural catch 22
Finally somebody said it. 100.00 per oz., hasn't happened ever not sure why so many people think it will go to 1,000 let alone 100.00. Thank you, jeez.
Yes indeed, we are of like minds I think!
I appreciate how you share your opinions and views. I also like how you encourage dialogue. Thank you for taking the time to do so. I believe most your opinions and facts that back them are correct. I believe that silver is a wealth preserving not gaining tool. At this time with the recent history of banking, I believe it would be unwise to put savings into banks. Instead you should do so in Silver and other precious metals. Savings should be at a minimum 10 percent of your monthly gross. Just my humble opinion
We really are on the same page it seems, thanks for your comment
The price of silver has FAILED to keep up with inflation... this is a fact... if it were it should be at lest $18 today, if adjusted for inflation in 2008 prices!
OBV silver isn't going to go up 6x in the course of half a year. It's looks like its going down, already dipped below 14$ OZ
Glad we agree!
I collect for my kids so no matter what it’s worth in the future they will get good profit out of it
Same here I'm building a future for my kids I'm not worried about now.
Way to stamp on my dreams BYB :'( As Ive said before on video, silver is a great safe store of wealth with the added bonus of the tiny chance of going mental. There arent many asset that fall into that category.
I have to agree with you on the silver prices not going to the Moon in our lifetime. If it does go up this year I don't think it will break $20 barring a disaster. Good video sir!
David Argento when fiat currency crashes, most people in the UK don't have a penny invested in reality. The PlayStation generation, silver will be barterable, a game of halo will not be.
Thanks for the comments - 99% of people have no tangible assets other than fiat. It will be a global catastrophe if fiat fails. It just won't happen
Are you 85?
Thanks for the good video!
My pleasure.
The Queens beast Griffin is now $123 on Apmex, thats a good sign, the lion however doesn't seem to be as expensive, great investment tho, I'm just wondering why the griffin has done better, I'm happy I bought more of those than any other two ounce Queens beast. Seems very odd. Minimum in the UK is £50. So if you bought in at release its looking like an excellent investment.
This set is growing from strength to strength. The griffin looks absolutely sublime - maybe that is why the premiums are higher.
They're still on royalmintbullion.com for less than £400 for a tube of 10 (including sales tax/VAT).
Backyard Bullion they are the best looking coin from the set I'll give you that,. Still waiting for the ten ounces to keep up, only three released so far
Ten ounce set will be amazing.
Do you realize we are entering a currency crisis? Perfect storm for silver. It will take time, but $100 within 30 years is likely if not a lot sooner.
this is all that matters inregard to silver price: will we continue to use fiat money or not?
Yes, there will.always be fiat
If Silver went to a $100 it would make a solar panel cost a $100 more! .62 of an ounce is used in manufacturing a solar panel. The government is subsidizing them so why not!
I am not a financial advisor but sliver is going up six fold and I would rather put cash in a savings account at 1percent in a fiat currency. They call me numb as hell...
Even though silver is still greatly undervalued, once you have more than you can physically carry, you might as well buy the dips in gold prices. If silver ever does get to £/$100 per oz and I can buy 15-20 acres of recreational riverside broadleaf woodland and meadow in the UK I will have (hopefully) acquired my utopia.
It's never been about making money but a simple hedge against inflation ...
Good to know
while you at hedging, play for GSR game to increase you oz count.
VAT would prevent me from buying silver if I lived in the UK.
Buy from Europe like a lot of other people do and you dont pay VAT.
Just got a monster box of silver eagles at $1.75 over spot.
Congrats - that is a great price.
You are forgetting about the Black Swan, the Purple Goose and the Green Duck then it does not go to $100. Minor correction it goes to $101.
Well, we shall see.
Backyard Bullion Obviously, you cannot take that comment seriously. Absolutely believe, though we live in a time of great deception.
Take the CME satellite dishes down in Illinois and NY/NJ which help in the daily manipulation of metals and watch how quickly the physical skyrockets.
OK - this seems a little extreme!
That is a bit absurd, isn't it? So is the gross manipulation of gold and silver that goes on by the CME, Wallstreet, US government, Stabilization Fund, and Central banks from around the world.NO! Actually, the manipulation is even more absurd than my idea! By maneuvering something that they don't have or own in the first place.
I don't believe it will happen soon, but there are several factors that will almost guarantee a big rise. Historic 12.1 ratio. There's no way Gold is going to do a big drop. Also Silver has many uses outside of Jewelry. It's been so undervalued for so long it's got to rise at some point. The high stock market can't last forever.
Excellent video. My take on a lot of the predictions of imminent financial collapse carries an unspoken assumption of a gold or silver standard. It's a little like complaining at people playing Go because they're doing chess wrong.
Thanks my friend - glad to hear we have the same mindset!
I agree with you. I really doubt it will reach $100 this year or any year soon. I believe it will rise again but not much. I'm in PM long term. So i will keep stacking and ride it out and wait for my number. Thanks for the video
A good approach indeed - thanks for sharing and stopping by
How would you sell in that market if it ever hit that high???
Thanks. I enjoyed the video.
Glad to hear it!
Never say never. Not a question of if.
True, it could happen, not very likely though.
I'm still stacking a bit more every pay check. Sooner or later I don't care.
Good strategy!
The Dollar has lost 95% of it's buying power in the last 100 years or so and is so worthless it is no longer backed by gold or silver as it once was. Silver has kept pace with other goods and commodities. Sure, it may be manipulated on the SLV and other paper markets but as things keep getting more expensive (i.e. a devaluing Dollar), REAL stores of wealth, silver, gold oil, food, land and real estate pretty much pace each other given a long enough timeline. It's not about getting rich, it's about keeping what you have...
Its a big game very hard to win .
Yep - very manipulated!