I commend you on this video. As a currency and commodities analyst and trader, you are by far the most competent I have seen. Precious metals spot prices do not represent demand. Institutions can, what is know as a naked-short, sell futures contracts without actually owning the metal. The gold sell-off in April was started by $400 billion in paper assets, not physical, being sold in under 10 minutes. Gold and silver is primarily an inverse of the US dollar. Dollar up, metals down - silver particularly. Institutions are propping the Dollar up through the precious metals markets. JP Morgan has been could doing this. In the third quarter of 2013, JP Morgan had $1.5 billion in physical gold assets, but they had over $65 billion in gold derivatives (i.e. paper) on their books. That represented 60% of the US gold derivative market. The second institution, Citibank, has only $15 billion. If these metals when on demand, it'll be through the roof. US Mint, Pert Mint, and others now conduct 24 hour production to keep up with demand. However, I would include palladium in with the precious metals. However, palladium and platinum are primarily used in industry and have less correlation with the dollar and more with economic production.
I loved your video and will watch in the future! That being said wether it's .999 or .9999 it's silver! I buy what's cheapest a lot of "generic", but when I sell, I still get spot! Keep stacking and posting!!! Cat
Great precious metals video! I liked and subscribed. Awesome advise about the dollar, the banks, mutual funds and the stock market. I love my coins because they are hard assets that I can buy, sell or trade at anytime that it may be needed.
Very well done video. It's funny you brought up cigarettes I just started buying silver last week and i'm trying ro quit energy drinks so i look at it as i could almost get 1 once of silver a day instead of Redbull.
The average cash price to mine the silver is less than $10. If it's produced as a byproduct to copper and other metals, the price goes often to below $2. Currently most of world's production of silver is a byproduct...
larrythedolphin For lack of more convenient containers, I have seen 60 gal trash bins standing next of each other, full of sterling candelabra, service plates, forks, spoons, chargers etc bought @ $40.00 per toz (same as silver coins) on NYC Diamond District two years ago...Nothing has changed- the cash price to manufacture was less than $10 then, same as it is today, and the bins are there full today as well) so buy your coins @21 if you like, to average your overall losses and stay calm, after all, it's your money...
Glad to see someone dispense with the white gloves. This dude knows his silver. Unless your coin is numistatic and is semi rare......Silver is silver is silver.Some blemish...? who cares.. it's silver and that's all that counts. Good clip.
Thanks, if you have any questions on silver bullion investment strategies, send me an email to goldrecovery@avioziel.com and will be happy to explain my video in further detail. Cheers! - Avi Oziel
Something to think about when buying gold is taxes. It varies, but the investment is worth it. Google GoldStratz to learn how to get an incredible ROI.
buy gold/silver now i think with the recent spike in price, the bottom price is in. and with Russia invading Ukraine i think prices will go even higher 2014 will be a good year
Ayyyyeeeee! Why are you throwing those coins? You just trashed their future value as a collectable. Now they are only limited to their bullion value at melt. Och!
Only 3 precious metals? What are you talking about??? What about palladium, ruthenium, rhodium, osmium, iridium? And don't say "well there not real precious metal's" or "I meant ones that are regularly traded" because palladium is just as popular and if not more popular than platinum.. And more rare!
I commend you on this video. As a currency and commodities analyst and trader, you are by far the most competent I have seen. Precious metals spot prices do not represent demand. Institutions can, what is know as a naked-short, sell futures contracts without actually owning the metal. The gold sell-off in April was started by $400 billion in paper assets, not physical, being sold in under 10 minutes.
Gold and silver is primarily an inverse of the US dollar. Dollar up, metals down - silver particularly. Institutions are propping the Dollar up through the precious metals markets.
JP Morgan has been could doing this. In the third quarter of 2013, JP Morgan had $1.5 billion in physical gold assets, but they had over $65 billion in gold derivatives (i.e. paper) on their books. That represented 60% of the US gold derivative market. The second institution, Citibank, has only $15 billion.
If these metals when on demand, it'll be through the roof. US Mint, Pert Mint, and others now conduct 24 hour production to keep up with demand.
However, I would include palladium in with the precious metals. However, palladium and platinum are primarily used in industry and have less correlation with the dollar and more with economic production.
Great video .
very interesting
Excellent video, good information, thank you.
The real color of silver???
+wayd19 The real color of silver is silver lol
good information boss! thanxz good stack too
I loved your video and will watch in the future! That being said wether it's .999 or .9999 it's silver! I buy what's cheapest a lot of "generic", but when I sell, I still get spot! Keep stacking and posting!!!
Cat
Great precious metals video! I liked and subscribed. Awesome advise about the dollar, the banks, mutual funds and the stock market. I love my coins because they are hard assets that I can buy, sell or trade at anytime that it may be needed.
Very well done video. It's funny you brought up cigarettes I just started buying silver last week and i'm trying ro quit energy drinks so i look at it as i could almost get 1 once of silver a day instead of Redbull.
+Ed G fast food is my vice! more silver, less burgers and TACOS!! lol
Those are Canadian Coins, not Rounds.
+SilverShrimp TX i love silver!! that is all!
The average cash price to mine the silver is less than $10. If it's produced as a byproduct to copper and other metals, the price goes often to below $2. Currently most of world's production of silver is a byproduct...
And steel only costs .40 cents a pound. So your Yugo is worth $40.00.
larrythedolphin
For lack of more convenient containers, I have seen 60 gal trash bins standing next of each other, full of sterling candelabra, service plates, forks, spoons, chargers etc bought @ $40.00 per toz (same as silver coins) on NYC Diamond District two years ago...Nothing has changed- the cash price to manufacture was less than $10 then, same as it is today, and the bins are there full today as well) so buy your coins @21 if you like, to average your overall losses and stay calm, after all, it's your money...
Glad to see someone dispense with the white gloves.
This dude knows his silver. Unless your coin is numistatic and is semi rare......Silver is silver is silver.Some blemish...? who cares.. it's silver and that's all that counts.
Good clip.
I love touching my sliver too :)
Thanks, if you have any questions on silver bullion investment strategies, send me an email to goldrecovery@avioziel.com and will be happy to explain my video in further detail. Cheers! - Avi Oziel
Here's a question. When is the shitty PM market ever going to turn around? Thx.
I think something happened this week. Watch the first week of March 2014. I suspect it will be too late to get in at that point.
Scottish Gold
I still think we see one more low coming.
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Something to think about when buying gold is taxes. It varies, but the investment is worth it. Google GoldStratz to learn how to get an incredible ROI.
buy gold/silver now i think with the recent spike in price, the bottom price is in. and with Russia invading Ukraine i think prices will go even higher 2014 will be a good year
Gold is going to hit $1000 and silver will bomb to probably $10 before it rebounds again. Too much paper silver and gold out there.
Its pronouced Australian Koo-ka-ba-ra
Not much acumen here - very subjective. Author uses descriptors like real, beautiful, "roughy", natural, you know, you know, virgin.
Ayyyyeeeee! Why are you throwing those coins? You just trashed their future value as a collectable. Now they are only limited to their bullion value at melt. Och!
Only 3 precious metals? What are you talking about??? What about palladium, ruthenium, rhodium, osmium, iridium? And don't say "well there not real precious metal's" or "I meant ones that are regularly traded" because palladium is just as popular and if not more popular than platinum.. And more rare!
Oh, and banks don't print money.. Idiot..
beat up ur silver much???
+Zachary Van Alphen lol!! be nice!! you would really hate my collection, i let some tarnish.