If this future of digital currency and your finances becoming fully traceable and controllable becomes reality then there will be a mad rush to obtain all manner of physical assets that can be kept outside the system, precious metals, wristwatches, art etc. The moment they say take your notes back to the bank for the conversion to digital is the moment everyone stampedes to buy "stuff" that will hold value.
For me, deciding when to cash in depends on how much real estate i could get at the time, or how much value i could get in another currency whether it's a world cbdc, or better currency in another country. No point in trading it back for USD unless real estate goes way down.
There is no common "dollar" on those two dates the dollars share just the name therefore the argument is invalid. Any gold price before the end of the gold standard is irrelevant to any calculations .
If you look at golds all time price chart it's $20 for long enough and then suddenly boom it's $80, $80 for long enough then boom $200, then $800 and so forth. The dream scenario for the gold holder is the revaluation to match M1 money supply has to take gold to over $50,000.
@@seminumismaticguy8575 Not sure what you meant by common “dollar”. The dollars printed in 1933, although it look a little different than printed 2023 dollar, it will be worth the same when I take it to the store and buy something. But if I was exchanged 1933 dollar for gold in 1933, then I would have purchased a lot more. As I don’t get a chance to exchange 2023 dollar for the same amount of gold in 2023.
Exactly. It’s going to take at least 5-7 years for the digital currency to go nationwide and settle within the people. That will be the time to potentially sell. And at that point in time PM will be 3-4x from what it is now and we will only need to sell portions of the stack
Dollar is basically screwed and if the BRICs nations continue with their G & S acquisitions, then we could expect a material rise in precious metals pricing. Human nature will be the norm for investors to still chase precious metals, even with appreciating prices.
Good Insight. The other problem is that if PM goes to the moon then who can afford to buy it? Only dealers and they'll be offering poor returns. My opinion- stick to Sovereigns,1/10 (?)and 1/4 to keep your portfolio as liquid as possible.
Would love to get some gold but I can't afford to. Trying to buy some silver, it's hard to find without a large premium. It was gutting how quickly you sold out on Monday.
Take your time buying silver & gold at least your on the ladder, unlike most people who have no or little silver & gold can be one coin or bar at a time we all had to start somewhere good luck.
The ex-territory island coins in silver - barbados, bahamas etc around the 1970s/80s are selling at decent close-to-spot in my experience. And in many cases they're proof, which is a nice addition. Take a look and see for yourself. Edit - also if you put what you can afford into a royal mint digi-gold account on a regular basis, you can choose to invest it to follow PM prices or just leave it in your digital "wallet". When the time comes, you can use that to purchase real gold coins from them, or have it transferred back to your bank account for purchases elsewhere.
@@JOHNBANNON-ib3cj Started few years ago myself, have reached stacking target now slowed down in buying Gold & Silver, now just sitting on stack, thanks.
20 years ago I was buying houses for rent, after the pain of renting the value of property is nowhere near what I would have made if I'd put it in gold ,,, 640 per cent increase in gold ,,,, houses !!!!!
We all have this big fear, that today actualy we buy at high pics, but we need to let go of emotions and realise that the world has changed. We get a Crisis every 10 years now, ( it used to be 15) and as such everything goes up so...when was the last time gold did not kept up with the major globat trend? Never..., it always keeps up with the general economic trend. We might see some great deeps, but with crises at every 10 years or so Gold will pick up fast.
i saw the lines when silver was near 50 in 2011 ... there will always be buyers for gold and silver no matter what the price ... however if a time comes when there are more sellers than buyers do not expect to get spot
I will be 60 next month and only started “stacking”Two months ago! I couldn’t afford or even think about doing that until I took out a loan of 1/3 equity of my home and made expensive upgrades,for a higher resale price and then put half of the rest into silver,platinum and gold! I couldn’t see leaving the money in the bank with three bank failures in my state!
Arkansas passed legislation that diems gold and silver legal tender. So businesses it the state of Arkansas are legally required to accept gold and silver as payment!
When a major Silver spike happens, expect a buy back offer of less than spot. They will blame it on 'Silver Volatility'". Too bad we can't use that to buy their Silver for less than spot... eh?
Would you rather buy undervalued silver or a overvalued house, art, vehicle, land, watch? A lot of items are overvalued for a reason and some things are undervalued for an reason. When something bad happens these values could flip flop.
We're more connected than ever before. It doesn't take minutes for information on a crisis to reach someone on the far side of the earth, but seconds. As a result we're all more sensitive to the slightest change in these things on a larger scale, like a faster reflex. Some of that reflex is panic, but much of it is cool-headed and swift reaction. It also means more people can tackle a problem before is becomes a "black swan event" AKA "fire sale". I think that adds to a stronger and more consistent response to problems like hyper-inflation or market-crashes. Of course they still occur, but the problems are more effectively mitigated before they spull into chaos. Huge spikes in PM prices shouldn't happen as long as communication remains open, truthful and fast. We saw that with the Ukraine invasion and covid. It didn't become unaffordable, albeit energy did in the former.
One of the main reasons to stack here in the UK is basically to protect against the absolute cackness of sterling since the GFC. We have a double deficit in terms of budget and trade. Granted, it's even worse in the USA - currently just about hanging on a a "reserve" currency but for how much longer?
It will take a long time before the dollar is replaced even with the country's moving away from it it will take 20/50 years. There is no other currency even close to taking over. Doing it slowly over time will be less painful for everyone.
Love your silver moon! Everyone buys bars and rounds! For me i love .999 silver figures way more than a bar! Yes the premiums are high, but its what i like!!
Makes you think don't it? I buy to store my wealth and get out of the system not really to shoot the moon it would be nice to get on the plus side but I just want the protection hope I said it Wright. Thanks for another got show
If anything I think gold per ounce is hugely inflated. I mean £1600 or so for 1 ounce of gold is crazy. I remember when gold was about a fourth of that and that wasn't that long ago. I see silver per ounce is dropping a lot in the last few days or so. Down about 30p or so.
Every thing is high now I don't think stuff will get cheap again but I think stuff will level out again if gold n silver keeps goen higher you'll be able to get rid of it if you want but unless you get older or are gonna die id hang on too it that's the purpose back up money
This seems the obvious answer. Maybe you won't get the absolute top price measured in terms of spot plus premiums, but of course people will be buying it, why else would it be appreciating?
I had seen another video of a bouillon dealer who said when prices went to $50 there were just as many ppl to buy as there were sellers! When prices soar thats when the johnny come latleys will come out the woodworks!
When people want your metals you are in the drivers seat. That’s when you buy land, in trade. It’s good to keep some fractional silver for barter emergencies. Big amounts, like kilo bars, trade them for a house or some land.
The answer will be barter or payment in precious metal. Then revaluing of assets in terms of the new payment system and boom those who stacked are the new 1%
I buy gold and silver to make fine jewellery - I have sold some pieces for more than $250,000 so I don’t care if gold goes to $100,000 an Oz or Silver goes to $50,000 an Oz I’m still going to buy them.
If silver goes to $1000 an ounce it means the currency is worthless, so usd and gbp would become meaningless as a trade. It is more realistic that the currencies will lose 50% against gold and silver over the next few years as demand increases and price "management" fails.
Good video. Thank you.I think that we are about to find out what a Chinese guy told me was the Chinese Curse which goes : May you live in interesting times. I asked what’s that mean and he said you could have perfect health and then one day a bus hits you and suddenly your boring life just real interesting.
I buy silver to hand down to my kids bc I know the fiat currency is going away. Silver is the best buy right now! Even at $500 an oz, my kids will never worry about money!
I think if Silver went anything over £100/$100 then things will be scary, if it went to £500 or £1000 then people will be stealing cats and dogs off the streets to eat. The only upside for us stackers is we will be able to obtain almost anything with our Gold and Silver; we may still have to eat a dog steak but we won't need to kill it!!!
Gold and silver will continue to slide into being ‘sensible’ options rather than ‘luxuries’. Once the public consciousness catches on then it will shoot.
The dollar will collapse in the next few years. The BRICS nations moving away from it, meaning that the trillions of dollars that are currently out in the world, will come back to the US causing massive inflation. First Republic collapsed today. The central banks are buying gold at record amounts. Something seems like its about to break to me.
Dude lithium batteries are so dead the next big thing in the battery world is carbon I believe, so don't bank on the ev revolution especially with Yamaha and Toyota making another hydrogen engine and don't forget Toyota have already been selling hydrogen cars
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If this future of digital currency and your finances becoming fully traceable and controllable becomes reality then there will be a mad rush to obtain all manner of physical assets that can be kept outside the system, precious metals, wristwatches, art etc. The moment they say take your notes back to the bank for the conversion to digital is the moment everyone stampedes to buy "stuff" that will hold value.
For me, deciding when to cash in depends on how much real estate i could get at the time, or how much value i could get in another currency whether it's a world cbdc, or better currency in another country. No point in trading it back for USD unless real estate goes way down.
This is an excellent example of when to cash out of one real thing into another using FIAT as a means. How many houses do you own?
An ounce of gold in 1933 was $20.67 now $1990.24 personally I think there will be purchases made.
I totally agree!
There is no common "dollar" on those two dates the dollars share just the name therefore the argument is invalid. Any gold price before the end of the gold standard is irrelevant to any calculations .
If you look at golds all time price chart it's $20 for long enough and then suddenly boom it's $80, $80 for long enough then boom $200, then $800 and so forth. The dream scenario for the gold holder is the revaluation to match M1 money supply has to take gold to over $50,000.
@@seminumismaticguy8575 Not sure what you meant by common “dollar”. The dollars printed in 1933, although it look a little different than printed 2023 dollar, it will be worth the same when I take it to the store and buy something. But if I was exchanged 1933 dollar for gold in 1933, then I would have purchased a lot more. As I don’t get a chance to exchange 2023 dollar for the same amount of gold in 2023.
@@test12345265 the gold backed dollar is not the same as a none gold backed dollar
There would be no point in cashing out, the fiat currency would be worthless.
I agree, but sometimes people need money in the moment to buy things.
Exactly. It’s going to take at least 5-7 years for the digital currency to go nationwide and settle within the people. That will be the time to potentially sell. And at that point in time PM will be 3-4x from what it is now and we will only need to sell portions of the stack
Dollar is basically screwed and if the BRICs nations continue with their G & S acquisitions, then we could expect a material rise in precious metals pricing.
Human nature will be the norm for investors to still chase precious metals, even with appreciating prices.
Good Insight.
The other problem is that if PM goes to the moon then who can afford to buy it? Only dealers and they'll be offering poor returns. My opinion- stick to Sovereigns,1/10 (?)and 1/4 to keep your portfolio as liquid as possible.
Would love to get some gold but I can't afford to. Trying to buy some silver, it's hard to find without a large premium. It was gutting how quickly you sold out on Monday.
Take your time buying silver & gold at least your on the ladder, unlike most people who have no or little silver & gold can be one coin or bar at a time we all had to start somewhere good luck.
Its a good option!
The ex-territory island coins in silver - barbados, bahamas etc around the 1970s/80s are selling at decent close-to-spot in my experience. And in many cases they're proof, which is a nice addition. Take a look and see for yourself.
Edit - also if you put what you can afford into a royal mint digi-gold account on a regular basis, you can choose to invest it to follow PM prices or just leave it in your digital "wallet". When the time comes, you can use that to purchase real gold coins from them, or have it transferred back to your bank account for purchases elsewhere.
@@JOHNBANNON-ib3cj London UK.
@@JOHNBANNON-ib3cj Started few years ago myself, have reached stacking target now slowed down in buying Gold & Silver, now just sitting on stack, thanks.
When Venezuela crashed - 1 oz of silver could buy you 3 months groceries. Zimbabwe had trillion dollar bank notes too remember.
Tis great yes.
Yes, there's always a buyer, worldwide. Not everyone follows the West's lead of backing fiat by taxation.
20 years ago I was buying houses for rent, after the pain of renting the value of property is nowhere near what I would have made if I'd put it in gold ,,, 640 per cent increase in gold ,,,, houses !!!!!
Oof, thanks for sharing.
When tenants don't pay rent and damage property then house values don't increase as I predicted.. anything is better...!!!
We all have this big fear, that today actualy we buy at high pics, but we need to let go of emotions and realise that the world has changed. We get a Crisis every 10 years now, ( it used to be 15) and as such everything goes up so...when was the last time gold did not kept up with the major globat trend? Never..., it always keeps up with the general economic trend. We might see some great deeps, but with crises at every 10 years or so Gold will pick up fast.
i saw the lines when silver was near 50 in 2011 ... there will always be buyers for gold and silver no matter what the price ... however if a time comes when there are more sellers than buyers do not expect to get spot
I saw them also, I was hanging out at my buddies coin shop...as soon as silver started taking off, new buyers came in to buy.
Money has no price, only value.
I will be 60 next month and only started “stacking”Two months ago! I couldn’t afford or even think about doing that until I took out a loan of 1/3 equity of my home and made expensive upgrades,for a higher resale price and then put half of the rest into silver,platinum and gold! I couldn’t see leaving the money in the bank with three bank failures in my state!
Arkansas passed legislation that diems gold and silver legal tender. So businesses it the state of Arkansas are legally required to accept gold and silver as payment!
Yes, they will buy. See the history of Zimbabwe, Weimar Republic and Argentina.
Indeed, well said.
Forgot about Venezuela.
When a major Silver spike happens, expect a buy back offer of less than spot. They will blame it on 'Silver Volatility'". Too bad we can't use that to buy their Silver for less than spot... eh?
Would you rather buy undervalued silver or a overvalued house, art, vehicle, land, watch? A lot of items are overvalued for a reason and some things are undervalued for an reason. When something bad happens these values could flip flop.
We buy gold at 1600 so why not. You paid over 5k for a proof wich is beautiful by the way but still your hoping it appreciates. Love your videos BYB
Totally right.
We're more connected than ever before. It doesn't take minutes for information on a crisis to reach someone on the far side of the earth, but seconds. As a result we're all more sensitive to the slightest change in these things on a larger scale, like a faster reflex. Some of that reflex is panic, but much of it is cool-headed and swift reaction. It also means more people can tackle a problem before is becomes a "black swan event" AKA "fire sale". I think that adds to a stronger and more consistent response to problems like hyper-inflation or market-crashes. Of course they still occur, but the problems are more effectively mitigated before they spull into chaos. Huge spikes in PM prices shouldn't happen as long as communication remains open, truthful and fast. We saw that with the Ukraine invasion and covid. It didn't become unaffordable, albeit energy did in the former.
Very good content and perspectives. Thanks Backyard!
One of the main reasons to stack here in the UK is basically to protect against the absolute cackness of sterling since the GFC. We have a double deficit in terms of budget and trade. Granted, it's even worse in the USA - currently just about hanging on a a "reserve" currency but for how much longer?
It will take a long time before the dollar is replaced even with the country's moving away from it it will take 20/50 years.
There is no other currency even close to taking over.
Doing it slowly over time will be less painful for everyone.
Love your silver moon! Everyone buys bars and rounds! For me i love .999 silver figures way more than a bar! Yes the premiums are high, but its what i like!!
Makes you think don't it? I buy to store my wealth and get out of the system not really to shoot the moon it would be nice to get on the plus side but I just want the protection hope I said it Wright. Thanks for another got show
If anything I think gold per ounce is hugely inflated. I mean £1600 or so for 1 ounce of gold is crazy. I remember when gold was about a fourth of that and that wasn't that long ago.
I see silver per ounce is dropping a lot in the last few days or so. Down about 30p or so.
Every thing is high now I don't think stuff will get cheap again but I think stuff will level out again if gold n silver keeps goen higher you'll be able to get rid of it if you want but unless you get older or are gonna die id hang on too it that's the purpose back up money
Buy tins of food in shtf situation, my stack of tins has increased by 40 percent on average over the last 16 months...
This seems the obvious answer. Maybe you won't get the absolute top price measured in terms of spot plus premiums, but of course people will be buying it, why else would it be appreciating?
I had seen another video of a bouillon dealer who said when prices went to $50 there were just as many ppl to buy as there were sellers! When prices soar thats when the johnny come latleys will come out the woodworks!
When people want your metals you are in the drivers seat. That’s when you buy land, in trade. It’s good to keep some fractional silver for barter emergencies. Big amounts, like kilo bars, trade them for a house or some land.
The answer will be barter or payment in precious metal. Then revaluing of assets in terms of the new payment system and boom those who stacked are the new 1%
Fiat = Latin for "Let it be done."
Your videos are the best man. Always
100 dollars a Once in 4 years is a dream for me . 45 ounces even 4500 dollars buys me my dream. The End.
I buy gold and silver to make fine jewellery - I have sold some pieces for more than $250,000 so I don’t care if gold goes to $100,000 an Oz or Silver goes to $50,000 an Oz I’m still going to buy them.
Silver should be at least one-tenth of the gold price.
Cheers 🥃
Bitcoin is the counter argument at 60k people were still buying.
If silver goes to $1000 an ounce it means the currency is worthless, so usd and gbp would become meaningless as a trade. It is more realistic that the currencies will lose 50% against gold and silver over the next few years as demand increases and price "management" fails.
BYB, Yikes!! Please use gloves when grabbing the coins as you are doing the next owner a favor. Great content!
Nah, I'm good.
Good video. Thank you.I think that we are about to find out what a Chinese guy told me was the Chinese Curse which goes : May you live in interesting times. I asked what’s that mean and he said you could have perfect health and then one day a bus hits you and suddenly your boring life just real interesting.
In terms of silver, the majority hardly ever buy low or even pay attention. I'm guilty, too.
What would be purpose of selling???
The money game will always continue. We all just need to learn how to play the game properly.
omg it just hurts to see you jingle those sovs around 😂
Why? They are bullion coins and they were LITERALLY USED AS CURRENCY like this for hundreds of years?
I buy silver to hand down to my kids bc I know the fiat currency is going away. Silver is the best buy right now! Even at $500 an oz, my kids will never worry about money!
I agree silver wont shoot the moon. If this does happen I would need to sell my very small holding to pay my bills
If silver skyrockets people will most likely buy it it's just a matter of how much that person would buy
Rambler society represent. Please more videos
That silver moon is very nice. What is the weight
30 ozt!
Is that oriental border brittania for sale?
Nope, sorry!
@@BackyardBullion no problem!
By what? Somebody selling this silver for Fiat currency 😂 silver should only be exchanged for goods tangible real goods not for fake Fiat notes
I think if Silver went anything over £100/$100 then things will be scary, if it went to £500 or £1000 then people will be stealing cats and dogs off the streets to eat. The only upside for us stackers is we will be able to obtain almost anything with our Gold and Silver; we may still have to eat a dog steak but we won't need to kill it!!!
Gold and silver will continue to slide into being ‘sensible’ options rather than ‘luxuries’. Once the public consciousness catches on then it will shoot.
Selling half of my stack at $50. The rest will held for generational stacking.😂
The dollar will collapse in the next few years. The BRICS nations moving away from it, meaning that the trillions of dollars that are currently out in the world, will come back to the US causing massive inflation. First Republic collapsed today. The central banks are buying gold at record amounts. Something seems like its about to break to me.
When the CBDC is put into effect, metals will be used in the massive black market that will result from the CBDC.
Got a bit ranty and preachy at the end
🎉
Thanks!!
Dude lithium batteries are so dead the next big thing in the battery world is carbon I believe, so don't bank on the ev revolution especially with Yamaha and Toyota making another hydrogen engine and don't forget Toyota have already been selling hydrogen cars
Literally not, but sure.
im in cool kids club
That's because YOU ARE COOL!
C00L
You need to check out BRICS Nations mate
The petrodollar is dead mate. The Saudis finished their oil contracts with the USA recently and they’re now trading with China and Russia.
Cool kid rambler!!! 🪶🤘🏼🪶