Gold & Silver Just Starting, BUT THERE'S A CATCH
ฝัง
- เผยแพร่เมื่อ 15 ก.ย. 2024
- Lior Gantz joins to talk about gold's rally, where we are in it, and whether or not silver has a chance to break out in a big way (and what to do about it).
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people only see gold as a (tier 1) monetary asset, but 20 years ago Gold was around $300 Now $2500 Silver was $3.5 Now $28 each is up approx. 8 times, I think they are both good inflation hedges 🤓👍
Consider that in the early 1960s, a gallon of gas was $0.29 including a trivial tax. At that time, the change in your pocket was 90% silver and you could purchase 3 gallons of gas for approx an ounce of silver. Today, with gasoline being heavily taxed, you can get about 8 gallons of gas per spot silver price.
Good perspective
@@CDmatt silver premiums are higher and is bigger
I belong to the camp that “if you don’t hold it you don’t own it”. It doesn’t matter if it is gold or silver.
you cant hold the stocks you “buy”
@@InappropriateShorts I got in trouble for holding "my package" in public ,,, i guess i only own it while I pee or ....
Of course it matters whether you hold silver or gold. There’s a world of difference
@@InappropriateShorts And because of that, when there is a dispute over ownership, someone else is going to win it over you.
@@caryphillips4885 can’t dispute something I dont own
Gold just won't stop going up! In 10 years people will say, "remember when you could buy gold for 2500 per oz.😂😂😂
Back before Chinese was the only legal language in the world
You need a stack of 26 Benjamins for the paper to weigh less than a troy ounce of gold. When it takes 34 Benjamins to get an ounce of gold. The paper will weigh more than the gold.
Not possible for anything to forever increase in value with no correction
People told me that I was foolish in 1994 for buying gold at $375/oz. They told me it was going nowhere.
@@bdegrds there will be corrections but short and shallow
In a world with FIAT money, where the same money lose value each and every year, gold can never lose. It may be that you are not timing your gold buys, but over time it will never be wrong to own gold.
Except, when YOUR government makes it illegal to own/hold physical gold, or silver,.... or even 'money'.
@@richh1576Whose fault is it if they get away with that!? I think that would be a bluff we all must call.
@@peggyuser-oq6xz7fg9o - That's easy to say--though I do agree with you. We let the politicians get away with WAY TOO MUCH. Look at Trump. He got his sentencing moved until after the election. So if the skink gets in, he'll just change the laws so he doesn't have to BE sentenced or comply with any sentence that's handed down.
Clearly we need more and citizen groups that meet regularly and go after or at least publicize the insanity that's going on behind so many politicians. TH-cam creators are helping with that, but the average person doesn't watch those kinds of videos. We'd have to get sponsors for sure, because no one is going to join a group that they have to do work for and not get paid when they have families to feed, bills to pay, etc. I don't know what the answer is, but I do know that diversifying one's wealth is one way to help hedge the "It's the government at the door and they want all of our gold, guns and money" problem--a real problem that has already happened in the past! (See my point, above).
@@richh1576 - One of my biggest concerns too. So, I diversify and am looking at other things. So Lior's suggestions of silver & gold miners is timely as I've been thinking about investing in them but wondering if the market goes down, would their shares go down also. Lior pretty much answered that question though I'll do more research and surely study his portfolio. I now want to learn about PM ETFs. I also feel that once the market goes down, THEN I'll invest in the S&P and maybe the NASDAQ. Many other investor educators like Bald Guy Money also talk about these investments being a good way to diversify.
How are we going to spend the value of our precious metals in dollars once the dollar bellies up, other than bartering? Because once the commodity at hand peaks, nobody will want to see it dwindling without a dollar. I wonder how the price can remain at peak levels without the dollar value.
Gold and silver will skyrocket due to rising inflation, economic uncertainty, and a loss of confidence in fiat currencies. Period
No it won't, they won't raise gold too high because it will price people out and it will wreck their business of the selling of gold, it's just business based on sales. They Raise spot price when more people buy gold, they lower spot price when less people buy gold, why don't you people understand this? , it's all based on sales
Goldfinger,NopeThats just silly
And i think more impactful, is all the Conflicts/War going on right now
@@Lonepatriot69 silly is an understatement
@@goldeneye70 Apart from if Brics force the price up . And the have to revalue because of the national debt. I agree though it wont go up fast but it will go up. 🙂 it beats inflation and that's the only reason I hold it. I don't trust the banking system. 😞
21:07 "If you're an average person..." This guy has no idea who the average person is because I can tell you, as an average person, there's no possible way I can spend 2,000 a month on anything, let alone silver or gold...I don't even know why I'm watching this video save for dreaming about being someone I'll never be...
Buy silver coins as many as you can
Take a step back and take a look at the big picture. Take stock of where you are at and where you want to go then create goals to get there, it is possible. It is very possible for EVERYONE in the nation to get to the point where they have $2k a month to spend on things but it does take time and serious discipline AND most importantly motivation. It can be done.
Small amounts can and do mount up. Little and often has worked for me and I am not on a massive salary.
@@jkly495. I agree I started years ago buying 100$ worth of silver every week. I stopped eating out and buying clothes. Now I buy gold when I saved enough for it Takes time I still buy silver though.
You can be more than you’re currently thinking!
Pray scriptures about prosperity and wealth with your name in it and thank our One True Almighty God through Jesus Christ and watch your life change! Ask for ideas and guidance! Deut 8:18 …the Lord gives you power to get wealth…
🙏✝️🙌🙌🙌🙌🙌🙌🙌🙌🙌
Gantz says that he uses silver for "trading" only. But the silver he is trading in "paper silver", they are derivatives that will cease to exist once the banks fail and the dollar crashes. He is playing a risky game. The old adage is true: Unless you hold it you don't own it.
They will cease to exist if everyone holding paper decides to take delivery of the silver instead of cash.
@@russelbrown6275 It's like musical chairs, when the music stops there aren't enough chairs for everyone. Meaning there won't be enough silver for everyone... if you can even get any at all!
Silver might be the easiest way to make money. When gold leads silver will follow.
Neat thing about silver is that you can start buying a couple of dimes a week. It adds up.
ok I've listened to this guy in the past many times and like what he's spoken of his views on metals and the markets. But he is just absolutely clueless on the subject of wars, or at best he is selectively clueless for the benefit of his business.
I agree, he called Russia an "Economic powerhouse" when in fact it's economy is the size of 1 US state and it's defence Budget is the same as the UK's (My country). In my opinion this alone should put the seed of doubt in the rest of what he says. That said , I stack gold and a bit of sliver. God Bless the UK and the US.
Snake in the grass. Former penny stock P&D’er
that’s right a true grifter
@@AdrianSams to be fair, he did an entire segment talking about how Russia is so weak, Putin has to kiss the Ayatollah's ass to get drones you can buy at Walmart.
@@AdrianSamsI think you and him might have gone to the same military college so 😂
Russian manpower is far cheaper and more effective than UK, and then theres the various weakened arms. E.g. serious gap in pilot capacity and capability due to churn. Then theres the warfighting experience. Again, the natural attrition combined with low levels of retention means that UK, like all other European militaries has serious operational issues.
Defence budgets are not much of a stat. Huge tranches of Western budgets go on wages and pensions. Perhaps 55-65%.
Lesson over (former Defence official).
He’s right about silver! There’s others speculative investments where there’s no premiums! But I feel good having some maples to look at🙏😊
Me too!
Exactly!
My LCS sold me Maples for $31/ea today, same price as rounds.
Avoids probate and your kids will enjoy some classical wealth!
I think the argument for physical silver is as a barter currency for use during a collapse of fiat.
Yep. And some fractional gold like goldbacks would be helpful. I don't think stacking goldbacks is smart, but having at least 500 of them in 1's and 5's could end up very useful. Having 1-oz silver rounds and small constitutional silver like dimes and quarters also seems very important.
@@gomcse I like the 1 gram gold bars as well. Those are kinda cool.
@@Combat_PyroI like them too but the premium gets out of control.
@@MrJacobIV yeah true. I just pick up a few here and there piggybacked onto my other purchases.
@Combat_Pyro premiums don't matter if you really think fiat collapses, very unlikely imo
Guest speaker is playing the market as it played out in the past- I think the country is imploding and Wall street is too. 😮
Good conversation. Buy gold when you are young, and hold it. Silver is iffy for me. Historically, silver isn’t an investment that has a high rate of return. Thanks again for the content! Love it!
13:26 *When I got into stacking silver (about 6 years ago or so?), it was $14/oz. It was at $30/oz a few days ago (pulled back to $28.43 as I'm typing this). Gold went from $1400/oz to over $2500/oz currently (and spiked up to $2560 for a bit) over that same time. Silver has been going up and will continue to go up*
Nothing Like a gold coin on a down day in the market.
Or ... holding a lot of shorts or puts
@jake8077 true buts it's very hard to time the market and buy those puts just at the right time.
@@jake8077or buying stocks at a discount.
I think he is correct on the most part about physical as an investment when it comes to silver, the premiums really force you to hold long term before you can break even, let alone make meaningful profits!
And good luck if your state charges tax
One reason I’m waiting for the ratio to come down Trading for Au
@@go4it764 Yes, same here, but a lower GSR would be helpful there. That or a significant silver squeeze.
@@go4it764 Why not just buy the gold now and sell your silver later when its higher to get your cash back?
Why would I deal with physical silver? Because I won’t have to pay 40% in capital gains tax, Jack
When he mentioned the 12-1 ratio in bible times and it reminded that it only takes one bad solar flare to send us all back to bible times. Im holding physical
Yep, apparently the mother of all catastrophic events in our earth/sun cycle happens like clockwork approx. every 12,000 years. The Earth's protective magnetic field is weakening right on time for the next Total Reset of everything 😮
I don't really agree with Lior when he predicts a worst case scenario for $1 million to be losing 30% of its value. It could be worse than that. More like 50%.
This guy Lior is spitting truths. I like having him on a long format like this when he shares so much insight.
Silver definitely has room to run -- and I will continue not to touch the hard stuff (different story for booze). It's a trade, it's a stock to own, it's funny money. It's not something I will buy and keep in a safe. Let's contrast that with gold.
Gold is gold, just what it's always been, no better, no worse. Silver may once have been a monetary metal in ancient times, but it is no more.
In all the Asian countries I have lived in and travelled to (Vietnam, Malaysia, Thailand, India, Pakistan, and the Middle East -- yes, the Middle East is in Asia, shocker to you Americans out there), gold is tradable on the spot (pun intended) for immediate cash. It's easy. You can literally walk onto the street in India or the Middle East, ask someone where you can sell your gold, and he'll point you to a handful of stores (if he doesn't want to buy it from you himself). There is literally no other asset in the world you can carry on your person and trade like that. Not even US dollars. People in China and Kuwait and Singapore would much rather buy your gold than your USD.
Don't waste your precious dollars on physical silver. Doesn't matter how "affordable" it seems. Save your pennies and buy gold infrequently, rather than silver frequently.
I started really regretting wasting my time with Silver around March this year. I backed way off buying it. I WILL sell it all IF it hits $50. 1/3 of my stack at $40, another 1/3 at $45, and the rest at $50. I will hold onto my 90% for peace of mind in the event of a SHTF scenario. Great video that fueled my feelings about silver. I want out, and increase my gold.
I got rid of most of mine last year took a beating but was jist fed up with it
Silver is plentiful compared to gold. Because they have so much on hand the dealers push it.
I was sick of silver around June 2023. This year it finally started doing something. I do wish I didn't buy any and put it all into gold.
He could be right but I still think silver has tremendous potential. It's not tier 1, it's demonetized, it's just industrial, etc. but the public use of silver as money was natural as was the historical GSR. It is unloved now, by fiat. But we live in a world where fiat is failing... I think the natural will re-assert itself again. IF people begin to use silver monetarily again, it is not abundant, it is exceedingly rare. That is the case for holding physical silver. If your plan is to trade in and out of the next spike then yes, do it electronically.
He said $50/$70 by 2027/2028... ild say $50/$70 by 2025/2026.
Just move the goal post 😂
In general, going into any investment with the focus on hitting at rich will lead you to make unnecessary risk and making mistakes, instead it should be taking your time and looking for quality things for long money.
Yes and when the Dollar drops the UK Pound and the Euro will pay dearly 😞
Silver is only for buying you groceries. Gold is for paying your Doctor. Gold is your large ticket items.
During these times anything you “stack” is a commodity from previous metals to first aid, canned goods, toilet paper, dental floss, etc. (anything with a shelf life for which you have space to store). Nothing is cheaper than it used to be and most likely will never again be as cheap as it is today. One example, in 2020 a 12pk Canada Dry ginger ale $3.99, today $9.99.
Like I said, canned & dry goods, deodorant, gold or silver, stack away my friends.
toilet paper, dental floss? you need to hightail it of la-la land and joint the rest of us in reality.
No thanks. I like it in La-La land where I have all the batteries, canned goods and yes, dental floss I’ll need. La-La land? Hmm, I like it. That’s a good name for my panic room. Thanks
Always good to hear from Lior. Keep inviting him back for more.
Lynnette Zang tried to explain economics and specifically the collapsing dollar to this guy and she couldn’t break through to him. He’s all over the map, one minute talking about rising silver because of a dropping dollar but then he states silver will drop way back down as the dollar strengthens? Wtf. He’s a clown and I can see why Lynnette basically kicked him off her show, his predictions completely dismiss a permanent end to the dollar, in which case silver is far more than a paper trade. I think Lynnette will be proven right and Leor will wish he had physical silver. Raffi Farber, and Mario Ineco of Maneco 64 would have a better chance at educating this guy to save him from himself.
Why would he wish he had silver if what he states is true with his gold Holdings. Lets be real he's investing while many watching are just talking
That was an hour I’ll never get back! I’ll stick with gold! Just bought a 2008 Gold Buffalo. Set is now complete!
I‘m trying to buy 1/4 oz coins monthly. Soon will be buying a 1 oz AGE or ML with silver
Did you watch it at half speed?! 😅
@@2is1gold I think just twice
It really p*sses me off when people talk about silver premiums... I never pay premiums and I buy constitutional silver at spot.
Well, for the most part they’re right
How do you do that?
Constitutional silver is 90% silver, so at spot that’s a 10% premium, no?
@@doseofsanityI don’t understand your math. Although it is 90% an ounce of silver is an ounce of pure silver. $1.50 of Constitutional silver makes 1 ounce of pure silver after melt.
3 Half dollars
6 quarters
15 dimes
@@mikenelson7894 When I buy an ounce of silver in a silver round it’s 99.99 percent pure silver. Very close to 100%. Constitutional silver is 90.0% pure silver. For example a silver dollar weighs an ounce, but contains nine tenths of an ounce of pure silver. So, if you pay spot price for a silver dollar you’re paying spot for 0.9 ounces of silver. At least that’s my understanding.
I'm hoping silver and gold ratio comes down close to 70/1 and looking like it's going to drop before I retire that's always been my number to trade out my silver stack for gold
It was close to that in May. I traded for several ounces at 78, 76, and then 74 to 1.
Times are very different now. Don't ignore the fact that the Dollar is at the end of it's "Currency Life Cycle". Simple hypothesis...when we went off the gold standard...an inflation rate of 2% was the "goal" of the Federal Reserve was 2% inflation.....well, in 50 years (2021) the dollar should have inflated away 2% x 50 years = 100%.
There is NOTHING supporting the dollar, atm. In fact, when countries get together and sell their bonds and send back their dollars...the dollar will hyperinflate then crash = "Operation Sandman"
Let's get this straight from the start, the US did not admit China to the WTO out of the goodness of its heart
Also, why is platinum so low? It has a 1-oz face value of twice that of the gold counterparts.
because almost everybody has platinum and just throws it away or dumps it in a junkyard
@@nooneimportant779 at most that would be 30-40 ounces ... $40k cant buy much of a house
@@nooneimportant779 it used to go for 2x the price of gold. And the government places a $100 face value on one ounce. And it's rarer than gold. If the country went to a gold standard today, anyone with platinum eagles would have value that is 2x the value of gold eagles. Does that clarify why I'm asking?
Sometimes I think you started this channel to have a reason to play with your coins every few days! I get mine out of the ***REDACTED**** not often enough!
You got it. I needed an excuse.
@@2is1gold I’m glad you do it encourages me to
shortage of silver will move it to at least $120
"I may have been early, but I'm not wrong." -Michael Burry ... I have the same feeling about gold and silver
Silver premiums are about 20% versus 2% on gold. This should be clearly evident to any buyer, but if you cannot
afford gold, you are forced to buy silver. When I was a 25 year old man in 1971, I could buy an ounce of gold
with 32 Silver Dollars or 32 one dollar bills. Today, it takes 2550 dollar bills to buy one ounce of gold or
88 or more ounces of silver.
I'm buying silver at spot .
@@buyystockswhere, in paper?
@@awakenotwoke4830 vermillion for awhile and local,
@@awakenotwoke4830 well, motivated sellers exist. People sell back of spot to dealers all the time lol
Silver could possibly be used as money in the future. Fractional (junk) might be used to barter if the dollar disappears.
You live in la-la land. The rest of us live in reality.
Mr 2is1 makes a good point that the mostly ridiculous and pathetic youtubers have cried wolf so many times about silver that even if Lior Ganz says something positive about silver it is hard to take seriously. I am not selling any silver. However, I would never recommend that anyone buy it. Its just too risky.
Yeah, you risk taking a loss!
There's a likelihood that silver will go up and just because it didn't do that in the past doesn't mean it's not likely to today. I think many of us that stack silver don't think it's going to spike to the point where you have to sell it to take your profits a lot of us think that Silver's going to keep steadily going up just like gold does although obviously not as much. And it's certainly very heavy I think you need both but I don't see any problem with holding silver physical for the Long Haul
I bought a lot of silver as a novice. Dumb luck had me picking it up almost a decade ago when it was reasonable. I’ve sold some of my oddball stuff and done okay. Not my best investment, but I didn’t lose money. I enjoy numismatics for silver now, just for the cool factor, but I’m hoping the collectibility insulates them some from the commodity market. I’ve grown to be of the opinion that silver is a commodity and doomed to be traded as such. I agree with Lior, trade the ETFs or Funds. That’s the only place to treat silver as an investment vehicle in order to get a return, or at least it seems it. Coin collecting is fun, silver itself seems unremarkable. Gold has specific attributes which make it attractive as a physical store of value. That’s not an investment. It’s a conversion of currency to a hard asset. It gets confusing because we use a lot of the same language we use in investments and trading stocks. A gold coin is a hard asset which can be stored and hold its value.
The brass pen, leather journal and classic knife are a nice touch
So if gold is going to drop 70%, why arent you selling all your gold?
How much did you watch?
@@2is1gold not much lol. ty for the clip
Impressive. Everybody commenting below is an expert! Amazing. Look back 5 years from now.
i stopped stacking about a year ago, i started when i was15years old and I'm 77years old now.
I always appreciate the interviews with Lior. Thank you!
Cheers!
After listening to Lior I get the impression the way he talked about his physical gold holdings seems like allocated funds and not actually in physical. If so, in a crisis that allocated fund will pay him in devalued dollars in all likelihood just like the Comex settlements.
Bingo, for some reason this guy living in Israel with bombs going off around him thinks the dollar and our economy will just keep trucking along. His arrogance is beyond annoying, it’s dangerous for anyone taking his advice.
Ive been mining Gold my whole life it was 75$ oz when i started as a kid its now 2500+ .
It will go higher as its not being made only mined and either hoarded or used up!
Silver isn't worth the grief. It's not a reliable hedge. Lets just say it hits $50, It's a difficult call deciding when to exit. The one thing I've observed obout silver over many years, it reliably disappoints.
I'm happy with silver 2018 $15 today $28 $29
Same story I’ve been hearing for years.
Yes and gold is up considerably in the last 3 years.
Grab your torch and pitch forks, we going hunting 😂
😅
Torch: check
Pitchfork: needs sharpening 😉
The military does not even publish the tons and tons literally of silver that they use
11,000 Ounces in 0ne Torpedo!
That Tier 1 reminder has me wondering if I should liquidate S and convert to G. I'm 30% S now.
Do it. Gold will hold its value (and even beat inflation). Silver will not. Dump the silver now, while you can, before everyone becomes savvy to this.
@@vanityhill7994I completely disagree with your statement
Gold is for wealth storage and silver for retail. You need both.
Lior is a breath of fresh air.
My biggest issue in all of this is the counter-party risks associated with SLV and GLD. We all know that particular market is manipulated by large banks. I mean, if you can follow Elliott Wave and Fibonacci retracement, you can make a lot of fiat currency. The downside of that, you don't really own anything...just empty paper. If that market goes bust, you're left holding an empty bag of air. Then what? Gold? It's already getting to a point of conversion from fiat to physical that puts it out of reach for many. Physical silver is as close as many may come to preserving their time, labor, and wealth in an environment where fiat purchase power is consistently depreciated.
Not a great video, but thanks all the same. There are still people out there that believe the stock market and US Dollar are completely legit, when they are anything but. A casino might be a more apropos description of the aforementioned; and the house always wins.
Silver is a joke. Own it at your own peril.
@@vanityhill7994 If silver is a joke or a punchline, then what do you make of the US dollar - fiat currency?
Just started out. Can't put a lot towards it but hopefully a little at a time I'll get there
Great interview brother. Very cool. BUT Slayer says $500/oz silver by Friday so…there’s that. 🤔
By Friday… drugs are bad…
Why does anyone follow or listen to that guy? I guess maybe he will be right one day on accident 🗡️
😅
@@HagarTheHODLer hasn’t he said this before though. Not gonna lie I’ve watched a couple of his videos and couldn’t believe the ridiculousness and the sub count. 😁☺️
@@Kenlydford I just like to make fun of him.
@@Kenlydford stick with 2 is 1
Good thing im not into this mainly for trading. Its a mean to protect my assets and Im more of a grab and run kinda guy. Dont really care about the price v fiat on day to day or even month by month basis it just takes too much of your energy!
Unfortunately I don't see much upside for silver. Most because I don't like the premium I have to pay for silver (it is a huge handicap). Gold on the other side has reasonable premiums, and it seems to preserve value really good.
The only difference with silver story today and in the future is higher demand due to technology, so to also mention silver to gold ratio is not exactly fair comparing to 500 years ago, I still agree with what you’re saying to a degree.
I believe within 5 years gold to silver ratio will be more like 40:1 only two reasons every year silver mining drops and technology demands more silver…
If only Polaroids came back.
Great video brother thanks for the info 🥃🥃🥃
🥃
WooHoo. Great content as usual.
🤜🤛
yes, fellow choir member, the sermon was good
Wow... Interesting and honest take on silver. It's refreshing to have another perspective on it. Any suggestions on which silver mining stocks to pickup before the big run up?
Silver industrial the new solid state batteries will use over a kilogram per battery for vehicles there isn't enough silver to do that now
Been enjoying your folksy show for a couple years now and it keeps getting better. Great to have someone more like me interviewing the experts.
Regarding silver, Lior & Bill Holter should have a conversation, because one of them is wrong.
Interesting analysis not different from most but well presented....great interview
What could you purchase that won’t go down in value over time? There aren’t many choices.
And transport easily.
NEWS FLASH: Silver has the potential to greatly appreciate. NEWS FLASH: Money markets will no longer pay high interest-- that cash may go elsewhere...fascinating. Why is it that 2 is 1 is the smartest man in the room. Have me as a guest, it would be more entertaining and informative! Swing and a miss. That's ok. I love your channel anyway.
Ha! I kept Lior focused on the elephants in the room so he didn’t go into things I couldn’t understand! 😄
people that buy and hold physical silver, like myself, dont really care about the fiat dollar price, especially since as Lior himself pointed out the value of the dollar is going down and down. the reason we hold is for a hedge against inflation, which it has been ever since we got off the sound money system in the 70s
I could see gold retesting 2100 before real breakout
True
Possible but not this year 😅
That would be a great buying opportunity. I've been waiting for it but it keeps climbing.
I put a lot of the blame on how the world current condition is from the current administration/government we have. Truly sad
It’s not just one administration or one side.Its all the Governments they are all crooked killers
I like this guy he is consistent. :/ a consistent silver hater
How I see paper silver or gold. Say 100 oz sit in the corner, you buy into it at a price as does many others. The more that buy paper, the lower your stock oz of silver or gold is. If it’s in your hand you control it.
Should i buy gold now or wait for the pull back?
Yes, well, that IS the $64 billion question, isn't it? Well, one CAN hedge their bets a bit by buying a little
gold just to keep in the game, rather than buying larger amounts, as they might have done previously.
Buy
I've been holding all year for a substantial dip. It just keeps climbing.
This was very helpful video. I was thinking with gold being so high I’d buy more silver. BUT NOW ILL PUT THAT THOUGHT ASIDE. BUY GOLD
Good morning from the Middle East
This video it’s really change my mind !!
Thank you so much
It’s a huge information
Hey man! Where do you get your books with that binding ? Really love the style of it
Bookstore.
They’re mostly Easton Press. Cheers!
Question? When the privatized federal reserve note worth goes to 0, other than bartering, how will it be spent?
The silver premiums and value density turned me to gold. Premiums paid on a
couple of monster boxes of silver would have easily funded an extra ounce of gold.
I don't understand the reason you put a headline of 50-70% price reduction, and tham says the exact opposite 🤔
Has Lior every been right???
great insight with some points about silver I have not yet ever heard before. Awesome!
Oh, I thought this video was about knives....now I see...? That beautiful piece is what ?
That's a Shirogorov Quantum Ursus. 🤘
You know, at some point the dollar is going to do what every fiat currency has done. It will hyperinflate to nothingness. I believe silver and gold have just as much chance to become money again as anything else when we reach the dollar end game. What happens when no one is trading gold for paper to spend?
You need something that has value for necessary small purchases like food and beer. This is why I have silver. Because no one knows what is going to happen. When I was born all coins from 10c to 1$ were silver. 100 years before, even 5 and 3 cent pieces were silver.
I think bartering with silver is a good thing....but it will only be a small window of time...i think most people will want to barter for what they need...food water fuel toothpaste whatever. Governments will do whatever they can to keep their currencies alive...at our expense...including hyperinflation. No the next step for the u.s. dollar is to go didgetal....no more ink used...just a keyboard.
@@user-sm1ui3en1n It can't be another fiat currency for maybe 80 years. That is about the time it took for the laws passed by congress in the 1930s to prevent another depression were repealed by Reagan, Clinton, et. al.. Such as a bank in 1936 could not be an investment bank and a consumer bank concurrently and banks could only operate on 1 side of the mississippi. Living in California from 1960 to 1979 I never heard of Citi, JP Morgan, Chase.We had Bank of America, Wells Fargo and Washington Mutual (RIP).
This kept banks from "to big to fail"(tm).
Excellent, sober, and realistic assessment of silver versus gold and how best to take advantage of a run-up in each. I have never bought into the silver-stacking passion, although I do hold some physical silver (if we get into a SHTF situation, silver would be better than gold for small-purchase barter). Gold is, and for millennia has been, the queen of safe value so that's where most of my "wealth" (a rather grand term for my humble savings) is stored. For the fun and hopefully lucrative play, the miners are my focus. Many thanks for a very interesting and helpful interview!
Great guest and content. For me personally, I am with you both on stacking gold versus silver. I have been burned too many times by silver in the past. I'm sure it works out great for other people and I am happy for them. It's just not for me.
Why is Rick Rule so bullish on silver?
A chance for a massive shift in the gold silver ratio when it hits 93? Where it climbs all the way up to 150 in the span of 2 months. It made it to 120 in early 2020.
Thanks for the discussion 🙂
🤜🤛
Gold & Silver will continue to do what they do… In 2017-2019 Silver’s range was approx $16-$18 and the good ground beef I buy was $4 /LB. Today Silver’s range is approx $ 28-$31 and my beef is $6.50 / LB… IMO Nickel is a very undervalued metal .
There is a very small amount of silver in most electronic products - so a substantial increase in silver price will not discourage most uses of silver. BINGO!
Agree - physical gold and silver are mainly diversification of your "cash" holdings.
I think you inspired me to get a wallet pen. I'm also going to carry waterproof index cards inside my wallet
Crossing the border from the USA into Canada carrying a bunch of gold in $50 one ounce gold maples. Customs asks if you got over $10,000 to declare. Nope 🤣😂 Be interesting to know what they would say if you said you have 100 Canadian Maple coins worth $5000 in value according to our government.
This guys take on geopolitics is the dumbest thing I've heard in a while
Any commodity that vulnerable to the downside by that percentage wouldn’t be worth the risk of holding!