Most likely true. We may see it traded by weight mostly. We could see some designs be given favorable status but mostly weight I think. Make sure you have food and water too.
If I had a crystal ball, I would have refinanced the house, sold all my belongings, and took as much credit as possible, backed up the truck, and bought as much as I could. Even last year it dipped down to $18 bucks. Would have almost doubled your Money
I go into local coin shops and there cases are OVERFLOWING with silver,but Only a small 24 in square spot for ALL his gold!! Yup there US a Gold shortage!!! LOL
Many factors go into price. One Andy hit on the livestream is war. If war ramps up, so will silver demand. Is it enough to tip the scales? What is the reasoning behind the GSR being so high? Could it be lack of adoption, yes. So it really depends on many factors.
@@StackingSurfer I've been hearing about silver going up for 35 years, although I own physical, it's to protect my wealth , not make a killing , I prefer to hold physical Gold , it's easier to move around !
@@mrcapitalist2285 Gold is the safe bet and the best wealth insurance in my opinion. I hold more gold than silver by dollar amount. About 1 oz of gold to 50 oz of silver. I belief patience will pay off. The banks are about to fail and BofA had a cyber attack today. It’s just a matter of time rod time. I stack for my kids and grandkids.
I’ve listened to a lot of ‘silver to the moon’ videos recently and they all miss one thing - if silver gets ‘expensive’, recycling will kick in which will keep the price low. Silver is more a ‘Technology Metal’ than monetary today and big business will keep that price low because of it. Just my 2 cents worth…..
This is true. The hard thing to know is the effect of recycling since it has been done in the past. Many also forget Mexico is looking to nationalize silver production. This could do the opposite and bring a silver squeeze all by itself.
Lots of silver everywhere, infinite supply!! The above-ground stock of silver is estimated to be around 1.5 to 2 billion ounces annually. However, when considering the cumulative amount, some estimates suggest there could be around 1 trillion ounces of silver in total above-ground stock. Annual demand = 1.25 billion oz. 🤷♂️😂😂😂
@@Bill-x4o Infinite, if you believe that I have som Bitcoin to sell you which has a finite amount. Much more a fan of gold and silver than crypto. It is getting much harder to mine silver. The real question is how much can the recycle and how much harder will they mine when the price reaches $100 an ounce. Watch the LBMA and COMEX draining. Something big is coming it seems.
@@StackingSurfer 😂😂😂 you got no proof any of that is wrong!! The USGS only forecasts out 10 years max!! This has been the fact for decades. You can look back and see that this has been seen before. Reserves are constantly adjusted based on drilling results !! The USGS will have adjusted reserve numbers next year!!! Everything they are talking about silver disappearing, deficits, shortages, going extinct is a complete fantasy hype, lies and bull💩!! 🤷♂️😂😂
That’s the idea with these videos. This is a short compilation of the 50 minute livestream I had with Andy this past Tuesday. Planning to do these after each of those.
Charts and ratios are there to give probability of outcome. They do not tell the future nor should they be used to make financial moves on their face. They can indicate though when we may see more up or down movement and the potential for those swings. I wouldn’t say meaningless, more like a road sign on the way to Las Vegas that says 200 miles. You can’t see it and it feels far away, but you know you’re heading in the right direction. Would you agree or do you not see any value from them?
@@StackingSurfer YES, GREETINGS FROM THE UK 🇬🇧 EXILED SOUTH AFRICAN, WE KNOW WHAT IS REAL MONEY, SA SET THE GLOBAL STANDARD FOR 1 OUNCE GOLD COIN WITH THE KRUGERRAND! 👍🇿🇦
First time viewer, I came over for Andy Schectman. I'll be honest, I won't be back. The LONG commercials we are not able to skip through are a huge turn off.
That’s a TH-cam thing. They don’t let us control the placement but I was able to change a setting to lesson it. Sorry to hear that. He will be on with me on Tuesday nights at 4:00 pm Eastern. I hope you give it a second chance.
@@StackingSurfer Thanks for writing back and explaining. I don't exactly understand. I watch a lot of videos on youtube and I can skip through almost all of the commercials after 15 seconds or so. I will give the show a second chance. I enjoyed it and appreciate your questions and comments - And giving Andy plenty of space to explain his position. Cheers
@@valerietweedie4376 It’s a new TH-cam thing. Many of the big stacking channels have the same issue. This one had a bunch of ads in a row so I turned it off. Haven’t heard any other comments on the matter so maybe it was just this video.
John Paul Jackson, an amazing prophet who is now in heaven said he saw the demise of BoA. This was 15 years ago or so. They started cutting branches & staff until it was pretty much gone
the ratio of gold to platinum is 1:2.6 yet its 20x more rare. so to think silver will ever get to 15:1 is a farytale. Unless you think platinum can go to $60,000...
It all depends on the need and belief people have in each metal. Lower ratios for silver have existed historically. Platinum was worth more when more of it was used in catalytic converters than they are today. Also the car industry is in a major slump. Anything is possible going forward. Why not have some of all.
It’s a shorter completion. Note is pinned in the comments and description. I will be putting out shorter videos from the livestreams each keep to help save people time or to get the meat out of each video.
A collapsed U.S. dollar is worth jack. What makes Andy think paying for a silver or gold eagle by a collapsed dollar mint any more valuable than a known generic silver coin when they easily can be detected by X-ray analyzer. Why do coin shops want eagles in these times because they can sell them at a fake premium and everyone falls for it. But in hard times eagle or generic, 1 oz of silver is the same to a refinery or trader -maybe? Comments welcome.
Really depends on the situations in the future. If we get to true bartering, weight will be the biggest factor and he does point out number of ounces is most important. I have generic, maples and eagles. Type 1 Eagles are my favorite for their design. I buy them at near the same price as generics. Sovereigns have other benefits like tax in some states (new laws), more recognized, and sell for more. I do see buy back spread getting bigger as silver approaches $100 or more. My go to silver for barter is junk he covered that on our previous video. I also have bars which are bad for barter but great for future sell back to shops. It’s better to have than not and I suggest having some variety as different people like different forms. He discussed eagles more on this video and junk and generics more on the last live.
It's for tax reasons. You might not understand why, but if it gets crazy and the big whales want to protect their wealth, there are not enough American minted coins to go around for every whale. They will pay whatever it takes to acquire American minted gold and silver coinage. It's already happened several times, so there is a track record of why they want American minted gold and silver. It is the only gold and silver that I buy. For you and I, it really doesn't matter, but for someone who wants to protect 50 million dollars, tax reasons make sense.
@@tylerhall7727 Depends on the SHTF and how far after it you use your metals. History tells us that preferences set in and that can determine new premiums. If you had a cup of rice you were trading and two people show up with two different items. One a new shiny American Silver Eagle and one beaten up buffalo round. Who are you giving the rice to? That’s still a premium. If you have two cups of rice do you go by weight, condition, etc. Do you give more or less based on what you like. Just an example but yes, don’t over pay and keep premiums low.
I hear you. We are getting closer by the day. Sooner than not, we will all be so surprised by how fast it rises. Andy gives some good insights to what those catalysts may be.
Silver isn't really "drying up." There's plenty of silver out there, but it isn't being mined as it's not in the miners interest to do so. They leave the high grade ore and take the garbage stuff or as the byproduct of say, nickel mining. The Sudbury mines here in Ontario have deliberately been leaving the good silver ore in the ground and don't plan on taking it until the price goes a lot higher. That's from a miner who has been a doing that for over 25 years. His mine use to offer bonuses to workers who would think of things that would make the company more efficient or save $$. Now, if they think of something, they have to hand over the idea and that idea belongs to the company with zero bonuses. For some reason, no ideas have been brought forth since. Lol
Yah, my Bitcoin friends make this argument all the time. As soon as prices go up they will just inflate supply and Bitcoin can’t be inflated. It’s all relative. Mining gets harder to do and costs go up. They will continue to mine but the price keeps supply in check. It’s not even recycled so it does get used up.
This is an excerpt from the livestream on September 24, 2024.
Silver to the Moon! Full livestream video: th-cam.com/users/livekVOGE-UfAJs
Yep I think I saw all this before, Good Stuff!!!!
@@stevewoods8116 Repitition is always helpful. Shorter video for easier digest.
When the shtf….gold and silver won’t care what it has stamped on it.
Most likely true. We may see it traded by weight mostly. We could see some designs be given favorable status but mostly weight I think. Make sure you have food and water too.
Should have bought a few thousand ounces of silver when its price was just $8
For sure. I wish I was stacking back then.
I remember my dad buying 100 oz bar's back then.
If I had a crystal ball, I would have refinanced the house, sold all my belongings, and took as much credit as possible, backed up the truck, and bought as much as I could. Even last year it dipped down to $18 bucks. Would have almost doubled your Money
@@joeyboedeker2047 Nice. I hope you still have those in the fam!
Andy’s the Best !
Isn’t he. I can only imagine all the data points he has loaded on his screen ready for these shows along with all his knowledge.
I really enjoy listening to Andy and Keith. They provide great insight and direction. Just purchased some 20th anniversary rounds from First Mint!
That’s great. Congrats.
Thanks again Andy God bless you both have a great weekend ahead
Thank you for the support.
Cool. Never heard that one before
Fast is a relative term.
Missed you by 35 minutes. Watching now.
Thanks Steve. Would have been fun to have you in the chat.
Great show☕️☕️
Glad you enjoyed it
Oh my goodness I will make sure I get your notifications
You're the best!
Thanks surfer 🏄♂️ good show 👍
Glad you enjoyed it
First time here ; AWESOME interview .
Welcome aboard!
what is the difference round & coin ??
@videshx818 round is a generic silver round shaped that looks like a coin.
A coin is minted by the nation's Mint and is the coin of the nation.
Bingo!
You're the best. Andy, stop listening to the haters they will soon find out the hard way
I appreciate that!
I go into local coin shops and there cases are OVERFLOWING with silver,but Only a small 24 in square spot for ALL his gold!! Yup there US a Gold shortage!!! LOL
Gold is flying fast. Silver will follow.
In 4 months silver will likely be $33-34 an ounce , silver is extremely plentiful!!
Many factors go into price. One Andy hit on the livestream is war. If war ramps up, so will silver demand. Is it enough to tip the scales? What is the reasoning behind the GSR being so high? Could it be lack of adoption, yes. So it really depends on many factors.
@@StackingSurfer I've been hearing about silver going up for 35 years, although I own physical, it's to protect my wealth , not make a killing , I prefer to hold physical Gold , it's easier to move around !
@@mrcapitalist2285 Gold is the safe bet and the best wealth insurance in my opinion. I hold more gold than silver by dollar amount. About 1 oz of gold to 50 oz of silver.
I belief patience will pay off. The banks are about to fail and BofA had a cyber attack today. It’s just a matter of time rod time. I stack for my kids and grandkids.
its a no brainer to invest in precious metals. fiat always decreases wuth the current people in government
This is true.
@@billbarney4937 Fiat decreases regardless of who’s running the government.
Buy buy buy!
Buying is much more fun then selling.
Great video…thanks!!
Glad you liked it!
I’ve listened to a lot of ‘silver to the moon’ videos recently and they all miss one thing - if silver gets ‘expensive’, recycling will kick in which will keep the price low. Silver is more a ‘Technology Metal’ than monetary today and big business will keep that price low because of it. Just my 2 cents worth…..
This is true. The hard thing to know is the effect of recycling since it has been done in the past. Many also forget Mexico is looking to nationalize silver production. This could do the opposite and bring a silver squeeze all by itself.
Ah I have some silver to pick up a modest amount.
Do it.
Lots of silver at my LCS
For now. That may not stay that way for long. Silver is being pulled out of the exchanges.
Lots of silver everywhere, infinite supply!!
The above-ground stock of silver is estimated to be around 1.5 to 2 billion ounces annually. However, when considering the cumulative amount, some estimates suggest there could be around 1 trillion ounces of silver in total above-ground stock.
Annual demand = 1.25 billion oz. 🤷♂️😂😂😂
@@Bill-x4o Infinite, if you believe that I have som Bitcoin to sell you which has a finite amount. Much more a fan of gold and silver than crypto. It is getting much harder to mine silver. The real question is how much can the recycle and how much harder will they mine when the price reaches $100 an ounce. Watch the LBMA and COMEX draining. Something big is coming it seems.
@@StackingSurfer 😂😂😂 you got no proof any of that is wrong!! The USGS only forecasts out 10 years max!! This has been the fact for decades. You can look back and see that this has been seen before. Reserves are constantly adjusted based on drilling results !! The USGS will have adjusted reserve numbers next year!!! Everything they are talking about silver disappearing, deficits, shortages, going extinct is a complete fantasy hype, lies and bull💩!! 🤷♂️😂😂
I like getting a short video with Andy. The 45+ minutes he talks on other channels is a bit overwhelming...
That’s the idea with these videos. This is a short compilation of the 50 minute livestream I had with Andy this past Tuesday. Planning to do these after each of those.
The silver and gold ratio is meaningless. Cup and handle formation is also meaningless. Only supply and demand have meaning.
Charts and ratios are there to give probability of outcome. They do not tell the future nor should they be used to make financial moves on their face. They can indicate though when we may see more up or down movement and the potential for those swings. I wouldn’t say meaningless, more like a road sign on the way to Las Vegas that says 200 miles. You can’t see it and it feels far away, but you know you’re heading in the right direction. Would you agree or do you not see any value from them?
BELIEVE IT'S 40 YEARS CUP & HANDLE FORMATION 👍👍👍🇺🇲🇿🇦🇬🇧🇨🇦🇦🇺🇩🇪🇨🇵🇳🇱
It’s 40ish. Give or take some months. Insane. That can’t do it for ever!
@@StackingSurfer YES, GREETINGS FROM THE UK 🇬🇧 EXILED SOUTH AFRICAN, WE KNOW WHAT IS REAL MONEY, SA SET THE GLOBAL STANDARD FOR 1 OUNCE GOLD COIN WITH THE KRUGERRAND! 👍🇿🇦
@@hendo19742 Great coin as well. Have some of those too. It’s a very popular coin in the US as well.
First time viewer, I came over for Andy Schectman. I'll be honest, I won't be back. The LONG commercials we are not able to skip through are a huge turn off.
That’s a TH-cam thing. They don’t let us control the placement but I was able to change a setting to lesson it. Sorry to hear that. He will be on with me on Tuesday nights at 4:00 pm Eastern. I hope you give it a second chance.
@@StackingSurfer Thanks for writing back and explaining. I don't exactly understand. I watch a lot of videos on youtube and I can skip through almost all of the commercials after 15 seconds or so. I will give the show a second chance. I enjoyed it and appreciate your questions and comments - And giving Andy plenty of space to explain his position. Cheers
@@valerietweedie4376 It’s a new TH-cam thing. Many of the big stacking channels have the same issue. This one had a bunch of ads in a row so I turned it off. Haven’t heard any other comments on the matter so maybe it was just this video.
Who else thought Phil Dunphy was interviewing Andy?
That’s what my wife said! Feel free to cast your vote here. th-cam.com/users/postUgkxVtrCcvltidy7KCMrRSfEZ62i3liwo1-R?si=lyBv_e6T4m72SjyJ
John Paul Jackson, an amazing prophet who is now in heaven said he saw the demise of BoA. This was 15 years ago or so. They started cutting branches & staff until it was pretty much gone
Insane, but it’s coming. They have been consolidating all industries and banking is just around the corner.
the ratio of gold to platinum is 1:2.6 yet its 20x more rare. so to think silver will ever get to 15:1 is a farytale. Unless you think platinum can go to $60,000...
It all depends on the need and belief people have in each metal. Lower ratios for silver have existed historically. Platinum was worth more when more of it was used in catalytic converters than they are today. Also the car industry is in a major slump. Anything is possible going forward. Why not have some of all.
@@StackingSurfer indeed, some of all!
@@perseusrex614 I have a few ounces and plan to add more. Need to raise some more capital first.
Is this the same video
It’s a shorter completion. Note is pinned in the comments and description. I will be putting out shorter videos from the livestreams each keep to help save people time or to get the meat out of each video.
Very cool of you guys to do a giveaway!
Our pleasure. So much of this is about building community and helping others learn and prepare for what is coming.
Again ?
It’s a recap video for those that missed the livestream or want a highlight. It was pinned in the comments.
A collapsed U.S. dollar is worth jack. What makes Andy think paying for a silver or gold eagle by a collapsed dollar mint any more valuable than a known generic silver coin when they easily can be detected by X-ray analyzer. Why do coin shops want eagles in these times because they can sell them at a fake premium and everyone falls for it. But in hard times eagle or generic, 1 oz of silver is the same to a refinery or trader -maybe? Comments welcome.
Really depends on the situations in the future. If we get to true bartering, weight will be the biggest factor and he does point out number of ounces is most important.
I have generic, maples and eagles. Type 1 Eagles are my favorite for their design. I buy them at near the same price as generics. Sovereigns have other benefits like tax in some states (new laws), more recognized, and sell for more. I do see buy back spread getting bigger as silver approaches $100 or more.
My go to silver for barter is junk he covered that on our previous video. I also have bars which are bad for barter but great for future sell back to shops.
It’s better to have than not and I suggest having some variety as different people like different forms.
He discussed eagles more on this video and junk and generics more on the last live.
It's for tax reasons. You might not understand why, but if it gets crazy and the big whales want to protect their wealth, there are not enough American minted coins to go around for every whale. They will pay whatever it takes to acquire American minted gold and silver coinage. It's already happened several times, so there is a track record of why they want American minted gold and silver. It is the only gold and silver that I buy. For you and I, it really doesn't matter, but for someone who wants to protect 50 million dollars, tax reasons make sense.
@@williamfender661 Yes. Great explanation. These people are in monster boxes of gold and silver.
@@tylerhall7727 Depends on the SHTF and how far after it you use your metals. History tells us that preferences set in and that can determine new premiums. If you had a cup of rice you were trading and two people show up with two different items. One a new shiny American Silver Eagle and one beaten up buffalo round. Who are you giving the rice to? That’s still a premium. If you have two cups of rice do you go by weight, condition, etc. Do you give more or less based on what you like. Just an example but yes, don’t over pay and keep premiums low.
Mint is out of silver
Interesting. I heard they stoped minting gold 1/10 Eagles as well.
😂😂😂😂😂😂😂😂😂😂
I know it feels that way. But it’s better to be prepared than left in the dust.
Silver not taking off McDonald's and other fast foods are going up faster ect ect ect !
I hear you. We are getting closer by the day. Sooner than not, we will all be so surprised by how fast it rises. Andy gives some good insights to what those catalysts may be.
Only the fools believe that silver is not drying up. Make it short, soon 5+ oz gold to 1 oz silver.
Silver isn't really "drying up."
There's plenty of silver out there, but it isn't being mined as it's not in the miners interest to do so.
They leave the high grade ore and take the garbage stuff or as the byproduct of say, nickel mining.
The Sudbury mines here in Ontario have deliberately been leaving the good silver ore in the ground and don't plan on taking it until the price goes a lot higher.
That's from a miner who has been a doing that for over 25 years.
His mine use to offer bonuses to workers who would think of things that would make the company more efficient or save $$. Now, if they think of something, they have to hand over the idea and that idea belongs to the company with zero bonuses. For some reason, no ideas have been brought forth since. Lol
Very interesting. I wonder how much is left there. At some point, that gets mined up too.
Yah, my Bitcoin friends make this argument all the time. As soon as prices go up they will just inflate supply and Bitcoin can’t be inflated. It’s all relative. Mining gets harder to do and costs go up. They will continue to mine but the price keeps supply in check. It’s not even recycled so it does get used up.