Not one cherry picked dataset , Silver has done worse than gold over the vast majority of time periods since the end of the gold standard I checked every single 1,2,3,5,10,15,20,25 year period and it took me ages but glad I did to get a proper picture of what I'm buying . Having said that buy what you like . IMO silver will out perform silver for a short period when the economy recovers but as I only stack for the long term that's irrelevant to me , I need the metal that is most likely to perform better . For reference I still own 400-500oz silver from back in the day. Silver high dependency on industry is not a plus it does it no favours .
I had to give up smoking to fund my dirty silver habbit, will be 10 years in a few months smoke free and i just thought i would check how much a pack of golden viginia is these days... £37.00 for 50g, jeez, i smoked over 100g a week! I can now justify a silver budget of £3,800 a year and my entire stack is what would have been mere smoke vapors, a lungy cough and wallpaper as yellow as my finger. Silver as an investment is incredible when funded correctly. i seem to think when i started stacking; an ounce of silver was roughly my smoking costs. if silver was £70oz i would still consider it a good purchase in comparison to other things.
Price inflation is far from "under control" as its effects are cumulative. I think you mean to say that the growth rate of inflation according to government sources is somewhat under control...at 4.6%. As far as which metal to put debt digits into at any given time, I personally like ratios. A gold : silver ratio of 85 : 1 means buy silver. A gold : platinum ratio of 2.16 means...buy platinum. Gold is lovely for preserving wealth over great spans of time. However the other metals are currently cheap relative to gold.
I think on silver that psychological $25 mark is where it will lie through 2024, and really its something ill keep for time, as "savings" its a protective measure if silver randomly went to say $50 Oz spot for the week, (around £39) many of us will be quids in, as that will be the time to do so, I feel silver has momentum it never had before, so it will be stable, and have a consistent bump up every year, up to 1% at least average, we still aint out of "Pandemic fear" inflation yet, and probably wont be for 4/5 years? Theres a thing that i say for silver, if someone who cant save for whatever reason, and they were "in the moment" of needing to save, their drastic measure will be to buy a new silver coin with the vat, as they can afford it at that point in time, yet in dire times, when they need to melt it, they spent basically £30 back then, for £20 when they needed it most, maybe they done that once a month, and got £240 to spare when they see their world breaking, likely not going to solve anything quickly, but it will keep their mentality in check for those people and will be a bit of a lift at the very least.
Barring and emergency situation I won't be selling ANY silver or gold no matter what price they reach. Gold and silver are real money and have been for thousands of years, it's just that the public have been temporarily fooled into believing that a debt note for an unpayable debt has value. The only things I'd trade my gold and silver for are other tangible assets, and certainly not the funny money. And regarding rising prices ("inflation" is excessive money printing and rising prices are the the result) hold onto your hat because the printing presses will be going into overdrive in 2024.
Most Americans are dumping the dollar buying gold and silver bullion & a lot of states are passing laws you can buy anything in that state with gold and silver bullion instead of paper money, which is toilet paper.
I don’t think that “most Americans” are dumping the dollar and buying silver and gold. Most people I know are utterly oblivious to most matters pertaining to money.
Great video How will gold and silver be impacted if the government decides to turn fiyat money into digital currency? Does anyone know? Does the government know?
@@homerj806SO WHAT DO YOU DO WITH WHAT YOU HAVE IN YOUR PHYSICAL POSSESSION. ARE YOU SUPPOSED TO TAKE THAT TO THE BANK SO THEY CAN ADD IT TO YOUR ACCOUNT, AND THEN LET THE BANK REPORT IT TO THE I.R.S AND THE FEDERAL GOVERNMENT.😢
@@GrandChessboard I buy when I can I don't base it on spot. I've had some bargains and some a little above average. But because I don't plan on selling for a very long time, what I pay now will not really matter.
If everyone has a ton of silver lying around and the economy tanks, which one do think is gonna yield the highest ROI? End of discussion. I love silver from the bottom of my heart, but it's becoming more and more worthless "When everyone is buying, it's time to sell" - Warren Buffet or some shit
Why silver? Well, if SHTF (and no one can guarantee it won’t), you going to use 1 gram of gold at $84.64, or 1 US dime ($2.19) for a small can of Spam?
@BackyardBullion what do you mean? Most major items have went up 20-40% within 2 years, mortgages rates trippled in 9 months. Credit card debt is at an all time high with savings at an all time low. As soon as the FED cuts rates and they have to print money to buy treasuries that no one will want, inflation will get back on it's rocketship.
I just can’t stop myself buying Gold or Silver I like the look of. Visually appealing-takes my money😊
Not one cherry picked dataset , Silver has done worse than gold over the vast majority of time periods since the end of the gold standard I checked every single 1,2,3,5,10,15,20,25 year period and it took me ages but glad I did to get a proper picture of what I'm buying . Having said that buy what you like . IMO silver will out perform silver for a short period when the economy recovers but as I only stack for the long term that's irrelevant to me , I need the metal that is most likely to perform better . For reference I still own 400-500oz silver from back in the day. Silver high dependency on industry is not a plus it does it no favours .
I had to give up smoking to fund my dirty silver habbit, will be 10 years in a few months smoke free and i just thought i would check how much a pack of golden viginia is these days... £37.00 for 50g, jeez, i smoked over 100g a week! I can now justify a silver budget of £3,800 a year and my entire stack is what would have been mere smoke vapors, a lungy cough and wallpaper as yellow as my finger. Silver as an investment is incredible when funded correctly. i seem to think when i started stacking; an ounce of silver was roughly my smoking costs. if silver was £70oz i would still consider it a good purchase in comparison to other things.
Just ordered a few silver Britain's my main plan is to leave my stack to my kids.. 😢
That 2010 Britannia is excellent. Nice video thank you:)
Price inflation is far from "under control" as its effects are cumulative. I think you mean to say that the growth rate of inflation according to government sources is somewhat under control...at 4.6%.
As far as which metal to put debt digits into at any given time, I personally like ratios. A gold : silver ratio of 85 : 1 means buy silver. A gold : platinum ratio of 2.16 means...buy platinum. Gold is lovely for preserving wealth over great spans of time. However the other metals are currently cheap relative to gold.
Gold is for big money and silver is better for saving on a budget both are going to work well
I think on silver that psychological $25 mark is where it will lie through 2024, and really its something ill keep for time, as "savings" its a protective measure if silver randomly went to say $50 Oz spot for the week, (around £39) many of us will be quids in, as that will be the time to do so, I feel silver has momentum it never had before, so it will be stable, and have a consistent bump up every year, up to 1% at least average, we still aint out of "Pandemic fear" inflation yet, and probably wont be for 4/5 years?
Theres a thing that i say for silver, if someone who cant save for whatever reason, and they were "in the moment" of needing to save, their drastic measure will be to buy a new silver coin with the vat, as they can afford it at that point in time, yet in dire times, when they need to melt it, they spent basically £30 back then, for £20 when they needed it most, maybe they done that once a month, and got £240 to spare when they see their world breaking, likely not going to solve anything quickly, but it will keep their mentality in check for those people and will be a bit of a lift at the very least.
Barring and emergency situation I won't be selling ANY silver or gold no matter what price they reach.
Gold and silver are real money and have been for thousands of years, it's just that the public have been temporarily fooled into believing that a debt note for an unpayable debt has value.
The only things I'd trade my gold and silver for are other tangible assets, and certainly not the funny money.
And regarding rising prices ("inflation" is excessive money printing and rising prices are the the result) hold onto your hat because the printing presses will be going into overdrive in 2024.
I love the look of the Engelhard bars. No fuss, they just went "Yeah, it's literally a brick"
my guess is that buying directly from the royal mint is not good due to premiums
Unless you are forced i.e not available anywhere else never buy form the mint directly
Things are getting crazy and I cant decide between the two.
Most Americans are dumping the dollar buying gold and silver bullion & a lot of states are passing laws you can buy anything in that state with gold and silver bullion instead of paper money, which is toilet paper.
Try buying your bullion with toilet paper
I don’t think that “most Americans” are dumping the dollar and buying silver and gold. Most people I know are utterly oblivious to most matters pertaining to money.
"Most" Americans are not...
This is objectively false. Very few people have gold or silver. Or BTC. Go ask 10 or 100 people about it.
@@RogerNoonan-z3qor try buying toilet paper with your bullion
Whatever happens to be down at the time, I buy.
Gold in the bottom of the ocean will remain shiny. I wouldn't say the same thing about silver.
You don’t need to go to the bottom of the ocean for dirty, tarnished Silver- just nip along to the RM and see their latest coins. You’re welcome.
It's just cheaper and you can get a fix for less money.
Silver for me has been a severe disappointment over the years.
Great video
How will gold and silver be impacted if the government decides to turn fiyat money into digital currency?
Does anyone know?
Does the government know?
GREAT QUESTION ❓ NEVER THOUGHT ABOUT IT.
@@homerj806SO WHAT DO YOU DO WITH WHAT YOU HAVE IN YOUR PHYSICAL POSSESSION. ARE YOU SUPPOSED TO TAKE THAT TO THE BANK SO THEY CAN ADD IT TO YOUR ACCOUNT, AND THEN LET THE BANK REPORT IT TO THE I.R.S AND THE FEDERAL GOVERNMENT.😢
I bought some gold coins and the price drop over 2 days afterwards 😅
Simple, don't buy at ATHs.
@@GrandChessboard I buy when I can I don't base it on spot. I've had some bargains and some a little above average.
But because I don't plan on selling for a very long time, what I pay now will not really matter.
I'm happy to keep my cash in the bank while a dip comes along
If it's in a bank it's not yours, and we're in a dip right now. If it wasn't so close to Christmas I'd be all over either metal right now
Spring 2021 gold hung around at £1250 an ounce for a few weeks, patience on pulling the trigger pays off
If everyone has a ton of silver lying around and the economy tanks, which one do think is gonna yield the highest ROI?
End of discussion. I love silver from the bottom of my heart, but it's becoming more and more worthless
"When everyone is buying, it's time to sell"
- Warren Buffet or some shit
14:34 Yes , just let us know when you are buying silver,
and we will wait a little!! 😂😂
Nice one again, thank you.
Did you steal the wall panel for a table top
Sorry what?
@@BackyardBullion your table matches my wall paneling…
But, BYB, really: the past cannot predict the FUTURE of gold and silver (or stocks for that matter)! Or did I misunderstand what you said?
Yeah, maybe.
Why silver? Well, if SHTF (and no one can guarantee it won’t), you going to use 1 gram of gold at $84.64, or 1 US dime ($2.19) for a small can of Spam?
Like #421, great video BYB
Inflation is far from over bud
Its nowhere near as bad as people expected.
@BackyardBullion what do you mean? Most major items have went up 20-40% within 2 years, mortgages rates trippled in 9 months. Credit card debt is at an all time high with savings at an all time low. As soon as the FED cuts rates and they have to print money to buy treasuries that no one will want, inflation will get back on it's rocketship.
Would love to hear your thoughts on palladium.
Ahh someone who says compared with. Thank you
I gave up on Silver. It's never going to fly.
Just toss it up real high and see!
@@QoraxAudio - 7 months old comment. wow.
@@Nikotromus ???
Inflation is under control for now, a few are calling for a considerable pick up in inflation later next year
Lol no it's not
Great stuff. Crypto col