UPDATE! NEW VIDEO ON THIS TOPIC!!! th-cam.com/video/e2nO19vk90k/w-d-xo.htmlsi=jdcAUBiV0EympqtU I have heard from a source (not directly from US DEBT CLOCK) that their silver reserves are actually referring to “Mineable reserves NOT above ground silver” ***ALSO I have been informed that on page 153 (10:25 in the video) that they are referring to 530,000 Metric Tons of silver which is around 17 Billion oz so this is similar to what US Debt Clock is reporting but the information with the Silver Institute is still not adding up. I will be posting a follow up video on Monday. This may be more of a conspiracy than I realized. Stay tuned WE WILL GET TO THE BOTTOM OF THIS 💪🏽
99% sure that number is unmined reserves. Look at all the other metals even the base metals they have absolutely ginormous numbers and they are all going down. If it was above ground reserves what are the chances every single metal is going down in reserves. Even gold is going down which is the dead giveaway that it’s unmined because we all know above ground reserves of gold are going up not down.
@@1-1-864 Seriously then. why are you here? We're well aware of pushers of PM's, but most of us here are looking for updates on our silver/gold investments. Most of us are quite happy to sit on our stacks and let it gather dust at these poor resale prices. Why would Silver Dragons waste his time preaching to the choir?
Well done, brother! And regardless of your final analysis, I’m not converting some of my wealth into silver on the premise that we’ll one day run out of silver. I’ve NEVER promoted that idea, nor given much credence to those that do. I think there is plenty of silver supply to satisfy current demand. In fact, for the effective use of silver in barter and trade and potentially the remonetization of silver we’re gonna need a lot of it to filter through society. In an SHTF scenario, many other items will be MUCH higher on the list for barter and trade (hence why people should prep) but eventually we’ll need real money once again. And as far as I’m concerned, silver will fit that purpose quite nicely.
I have given up on Silver, way too much YT hype which just doesn’t match the price performance over history. If you strip out the two spikes which had unique causes and didn’t hold those prices for long, it is a modest store of value and certainly inferior to gold. Throw in high premiums and that did it for me. Also have never really agreed with the “barter” story. If SHTF no one is going to go to work, all stores will be shut, no one will trust anyone else and chaos would ensue quickly. In that scenario, I wouldn’t sell my last sandwich for a pile of mercury dimes! Rant over, thank you and God bless!
The same guy who famously said "Gold is money. Everything else is credit??" I don't think JP Morgan was ever concerned about what silver's doing price wise. They were after the real wealth of gold, not fictional silver.
@@chuxtuff Fictional silver ? Ridiculous , the many functions of silver in everyone’s life cannot be calculated. In fact all the metals serve a purpose in one way or another.
The beauty of not having securities laws is that fraud is legal in physical goods markets. Sure you cannot commit silver futures fraud. But it is legal to sell futures and hoard silver at below market rates from a mine at a huge discount and “hedge” (and by hedge I mean a massive bet against the information the market doesn’t know about your cost basis on physical silver) the difference for enormous profits. Metals are for morons.
Btw, I am german. Silver has always been taxed - they just changed the method. It becomes a lil more expensive, but the better argument for less silver buying would be, that the people are broke from rising energy bills and higher cost of living in general.
I always assumed the "official" numbers were just more lies. I never bought one oz of silver because we're "running out". I buy silver because every fiat collapses, and this fiat is running on borrowed time.
Exactly. Owning PM's give us some piece of mind when the fiat crap collapses. I have plenty on hand for bartering purposes and plenty of stored food, water, lead.
Silver dealers disagree with you. They accept fiat currency for silver. They profit from your ignorance. They laugh at you. You live in a trailer park.
Hi SilverDragons! Thank you for the vlog! Being educated on any type of asset management is extremely important and useful. This really helped me understand some of the driving factors in the silver market.
I was told years ago that silver prices are constantly being manipulated and held below value to provide American citizens and the world with a sense of faith and security in the U.S. dollar. Higher precious metal prices are a key indicator of a weak economy and a weaker dollar and it reverberates throughout the entire world economy. It’s going to take an absolute disaster in the form of a depression to ever realize the true value of gold and silver.
I appreciate your deep dives into the global market picture. You have a good head for research, plus the ability to compress raw data into straightforward talking points. The incongruities in the various estimates of the silver reserve that you point out here are notable and it sure would be nice to have answers leading to a reconciliation of these diverse estimates. Thanks for pursuing this.
supply isn’t so much the issue its fiat currencies influence. america had it good because its currency was fair and strong for the average person but now it’s being printed and used for the elites benefit the dollar needs to be challenged by other currencies like crypto or brics money. the mexican peso was equal to the dollar at some point but it was inflated to the point it being available only to its government and its banks leaving regular people behind. only a new currency will make silver great again.
The guy who invented the debt clock website seymour bernard durst had one of his sons robert durst believed to be a serial killer, and his real estate organization durst organization is very shady.
Nice to see someone do some research that doesn't say silver is going to be at $300.00 per oz next week. I had lost all faith in gold and silver bulls a long time ago.
Yes, I'm tired of the wide open mouth with shocked face with a number like $300,$500,$1,000 etc on the silver videos. Let's get to $40 or $50 before these high price predictions.
@@michaelmohrle1773same man. At this point, I’m just stacking to add to my overall networth, and to have another asset class to diversify with. And to have something (hopefully tax free) to pass to my daughter later in the future.
Are you aware that Uganda has over 320,000 metric tones of gold in the ground? That is more gold than has been mined in all the earth in all its history, ever. I am dumbfounded as to why this has not affect the price of gold yet.
You have to remember they have been saving silver since 1965. I am pretty sure the big banks have vaults full of unreported silver. This is how they are able to keep the game going with paper and physical.
They rig to win what makes you think they wnt rig metals ,lol ever worked in scrap metals that woukd open youre eyes getting orders from foreign country's etc etc , it's a rig
Thank you so much for this video and your update comment. It helps explain why silver is priced relatively low and will remain priced relatively low. I think the key takeaway is when you explained why we stack. We don’t stack as an investment. We stack as an alternative to saving fiat.
I kept mentioning to my LCS and to the guys at Harry's that every time that Silver would creep up to 32 or so suddenly the market would get flooded and drop silver back down to 30 or below. *every time* It's been like watching a pingpong match for the last 2 months.
In fact look at the gold too it shows reserves shrinking which is the giveaway that it’s unmined reserves because golds above ground reserves are growing not shrinking.
Its very doubtful that's its unmined metals. I've been hearing this "we're going to run out of silver" and "moon shot" stuff for upwards of 15 years. The people that sold when silver hit $32 were probably the smart ones.
@@franciscoaguilar123 if there was 18 billion ounces sloshing around silver would be worth $2 an ounce. Look at all the metals on that list including gold. It shows the gold reserve going down. The above ground gold reserve is always going up. It’s definitely unmined reserves.
If you want to protect your wealth buy gold. Gold is a tier 1 asset that central banks/goverments buy and store. Silver is a great way to diversified from fiat currency but it wont protect your wealth.
Nah you wrongly refer to silver as if it is some ordinary base metal! Remember gold is excessively overpriced when compared to the ratio of silver to gold! Buy both to protect your weath.
Hi. Yeah, there are above ground inventories not accounted for. Also, the running out of silver story has been going around since the 1980's I believe? I moved to dividend paying shares a few years ago, low to no transaction costs, regular, reliable payments, and stable values. I don't think there is anything wrong with buying silver as a great form of consumption (using disposable spending money to get something shinny) but not as an investment.
I transitioned from stacking silver to collecting certified rare Morgans. Not affected by absurd vicissitudes of spot price. Rare coins do not become less rare and the price is not as volatile as bullion.
@@bradical2723 - I still have bullion I stacked, but do not buy more very often. I just diversified into rare coins. So, I am prepared for SHTF. Certified Morgans lose no value when silver spot drops several dollars.
Hey silver dragons I am new to stacking silver, do you have any videos explaining terms of silver investing ie spot prices and premiums. I am trying to learn as much as possible at this time. Thank you.
Buffet owns 1 billion dollars US in Silver. It is probably sitting in some Bank of America or that building he owns ... He owns 17% of Bank of America. So, with 1 billion in Silver he can LOAN that at 50 to 1 and have the collateral required by the FDC.....whew. 1 billion worth of silver creates 50 billion in payments coming back to him....through leverage.. this is just a guess but the billion and bank ownership is on record. He is not the only one.
This "other inventory" is what is coming across the counters of dealers all over this country by the second and immediately being sold to refineries...It doesn't take a genius to figure that one out....If ABC dealer in Spring Hill Florida sells 500 sets of sterling silver flatware to refineries all year long, then multiply this by all of the dealers worldwide and you have the answer where "other inventory" is coming from...Otherwise, where is THAT untracked "inventory" reflected in the report?
I am fascinated with the great diversity of thought in the comment section. The opinions certainly are well thought out and make sense from several differing viewpoints. One thing is clear to me about this video. It was a terrific thought provoking topic. Furthermore Mr. Dragons, it is obvious that you put a lot of time and effort into your research and we should all be thankful for that, I know I am. I look forward to your follow up on Monday! 👌👍👏✌️❤️
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Silver goes up and down. We've known this forever. That's why in 1891 Andrew Carnegie wrote a book saying it was dangerous to put value into silver as it's volatile, and not as stable as Gold. It's much more likely to find a large new deposit of Silver than there is of Gold. We can see this in the Price of Gold vs. Silver over the past 50 years. Anyone tells you to put money into Silver as a sure thing is truly a Bozo. Gold is the only semi-stable precious metal to put money into. While Silver is cool, it's just not investable.
It's an industrial metal.. therefore it's price is dectated by consumer demand in the products it's used in. When consumer demand goes down.. then logically the demand of silver goes with it. We are currently in a slowdown in consumer spending globally.
So just where is Else Where?? I think they are lying to the investors Who can we trust and who is really running the markets?? Keep On Stacking! Great info and Show! Thanks.
I can agree that silver is a lousy investment. It does however make a wonderful inheritance for the kiddos who didn’t pay 1 cent for it. Plus it looks great. I’m going to keep stacking it no matter what. Great info btw silver dragon!
Great work as always, Silver Dragons. Thank you for the in-depth research, but I have a question. It seems that you're basing your conclusion on the numbers provided by the US Debt Clock. How do you know that is the accurate number and not the number in the study?
I've been halted my abundance silver buying like i was,and honed in more so of 90%/-3 oz ⅒x2 @each gold / platinum monthly. Instead 5/10 oz bars/ rounds silver ¼ oz gold- Is like 100 more oz then just few mos. Ago! I've been battling on who what where should i buy my gold from and silver and came down to basically what I've always done! If oz of silver/ gold is worth what the spot+ premium always relying upon current value,then it only really matters where can i get it the cheapest from!
I usually get silver for bdays and Christmas so it’s free.. I bought a bunch when the price was $14-$16 Oz but I won’t buy it at the price it’s now. I don’t break the bank on it either- I’m an electrician so I get lots of scrap copper and cash it in when copper rises and sit on the cash until silver dips. So it’s basically all free. I also keep a 50 gallon drum full of copper at all times as a secondary emergency fund.
The quicker world inflation increases, the faster tangible assets will be desired. Precious metals will become MUCH more desirable in society over the next decade. Especially with the introduction of digital currency. Mass adoption would deplete the reserves quicker than anything else. Fingers crossed that people wake up. Good video SD.
The most important thing is to "collect " over just investing or thinking you will make $$$ on silver coins. Find a theme you are interested in just like hockey cards or baseball or football cards. You will enjoy looking at the coins and the fact that they are a precious metal and might go up in value is an added plus.
This is me now. I first started stacking silver for when “SHTF” now I casually collect silver like nerds collect funko pop toys. It’s just a fun thing I do for me. No urgency no worries no fear. Whatever happens is whatever happens.
The important thing here is people have been selling thseir stacks and price is going up. The amount of availabilie silver is what we need to know. Its a few billion oinces.
I’ve been stacking silver since 2016 and I am concerned that I have been on a fools errand. It simply doesn’t move much in price, and if ever needed as currency I’m certain there will be an alternative as very few people hold precious metals.
Will roughly each missile has 15 to 30 lb. Of silver so when you figure how many are used in the iron dome cruise missiles all that stuff. It's tons that are just getting vaporized every single day
silver is often a byproduct of mining for other metals, such as copper, lead, zinc, gold, and uranium. In 2023, about 30.8% of the world's silver came from mining lead and zinc, while primary silver mining accounted for nearly 28.3%.
It comes from from people selling scrap or sterling silver for melt. People selling the families silverware etc and big private holders wanting to cash in for retirement.
I can't remember which channel it was a few years ago that floated the idea that some miners were holding back silver supply when it was at super low prices. Basically stacking their own supply. Especially miners that get silver as a by product of their primary mission of copper, nickel etc. How that would get into these numbers.🤷🏼♂️
Write to the guy who wrote that article and ask him “WTF?” What was the basis of his (or her) misleading information? Interesting stuff. I think a lot of these articles and gurus mislead us on the information, in order to sell more silver.
Great video, Silver Dragons! Many questions about silver supply and demand that need to be answered. I heard something a while back, and I wonder if it has something to do with ambiguous silver supply and demand: India and other non-western countries have a long held cultural connection with silver jewelry and artifacts. It's said that in many parts of India (the second most populous country in the world) there are people who wear an average of 10 oz.s of silver jewelry, even in their day to day business. These people are typically too poor to be considered investors, but they apparently will sell their silver jewelry when prices get high enough (or their own circumstances become dire enough.) Though poor, these people are very numerous in the "developing world." Could they explain a significant part of the mysterious undocumented supply of silver??
@Silvertarian the closest coin shop to me is almost an hour away. I plan on heading down that way to do some grocery shopping so I will be stopping in down there to check it out
UPDATE! NEW VIDEO ON THIS TOPIC!!! th-cam.com/video/e2nO19vk90k/w-d-xo.htmlsi=jdcAUBiV0EympqtU I have heard from a source (not directly from US DEBT CLOCK) that their silver reserves are actually referring to “Mineable reserves NOT above ground silver” ***ALSO I have been informed that on page 153 (10:25 in the video) that they are referring to 530,000 Metric Tons of silver which is around 17 Billion oz so this is similar to what US Debt Clock is reporting but the information with the Silver Institute is still not adding up. I will be posting a follow up video on Monday. This may be more of a conspiracy than I realized. Stay tuned WE WILL GET TO THE BOTTOM OF THIS 💪🏽
Who runs the debt clock? That’s a better question to ask them dragons
Is the report on page 153 in tons? not millions of ounces?
99% sure that number is unmined reserves. Look at all the other metals even the base metals they have absolutely ginormous numbers and they are all going down. If it was above ground reserves what are the chances every single metal is going down in reserves. Even gold is going down which is the dead giveaway that it’s unmined because we all know above ground reserves of gold are going up not down.
@@rmwigdnalyes it’s in tons. He missed that. So false alarm :)
USGS and "Debt Clock" have the same quantities (approximately) but expressed using different units.
Been lied to about everything else so probably we’ve been lied to about silver too.
I am open to that possibility
Possibly 👀
@@martdod Yes, especially by influencer who are looking for views and subscribers.
@@1-1-864 Seriously then. why are you here? We're well aware of pushers of PM's, but most of us here are looking for updates on our silver/gold investments. Most of us are quite happy to sit on our stacks and let it gather dust at these poor resale prices. Why would Silver Dragons waste his time preaching to the choir?
You have been lied to by Silver Dragons. He supports Trump even though Trump hates him.
Well done, brother! And regardless of your final analysis, I’m not converting some of my wealth into silver on the premise that we’ll one day run out of silver. I’ve NEVER promoted that idea, nor given much credence to those that do. I think there is plenty of silver supply to satisfy current demand. In fact, for the effective use of silver in barter and trade and potentially the remonetization of silver we’re gonna need a lot of it to filter through society. In an SHTF scenario, many other items will be MUCH higher on the list for barter and trade (hence why people should prep) but eventually we’ll need real money once again. And as far as I’m concerned, silver will fit that purpose quite nicely.
I have given up on Silver, way too much YT hype which just doesn’t match the price performance over history. If you strip out the two spikes which had unique causes and didn’t hold those prices for long, it is a modest store of value and certainly inferior to gold. Throw in high premiums and that did it for me. Also have never really agreed with the “barter” story. If SHTF no one is going to go to work, all stores will be shut, no one will trust anyone else and chaos would ensue quickly. In that scenario, I wouldn’t sell my last sandwich for a pile of mercury dimes! Rant over, thank you and God bless!
To be fair it was a very good rant it made a lot of sense i think a lot of people would be of the same mindset 🫡
Aligned - I gave up on silver years ago. Way too much hype and way to little long term delivery
I have mentioned the same thing...and the YT stackers never respond to this line of thinking.
In a shtf situation lead on the end of brass .22 will be real money. Plus, they come 500 in a box, ez to trade...
@@petertosh4748 unfortunately true
10 years ago i began to stack Silver. I was caught up in all the hype. However, i would not have saved $$ otherwise.
you should be up now if you started 10 years ago, right?
JP Morgan is the single largest manipulator of silver through the comex.
A name synonymous with evil.
The same guy who famously said "Gold is money. Everything else is credit??" I don't think JP Morgan was ever concerned about what silver's doing price wise. They were after the real wealth of gold, not fictional silver.
@@chuxtuff maybe do some research?
Maybe not.
@@chuxtuff Fictional silver ? Ridiculous , the many functions of silver in everyone’s life cannot be calculated. In fact all the metals serve a purpose in one way or another.
This just confirms what we already knew.They're manipulating the silver price and it is not ruled by the laws of supply and demand.
Check out my pinned comment ⬆️⬆️⬆️ I have an update and will be posting another video soon!!
The beauty of not having securities laws is that fraud is legal in physical goods markets. Sure you cannot commit silver futures fraud. But it is legal to sell futures and hoard silver at below market rates from a mine at a huge discount and “hedge” (and by hedge I mean a massive bet against the information the market doesn’t know about your cost basis on physical silver) the difference for enormous profits. Metals are for morons.
Btw, I am german. Silver has always been taxed - they just changed the method. It becomes a lil more expensive, but the better argument for less silver buying would be, that the people are broke from rising energy bills and higher cost of living in general.
Thanks for you input!
The only reasons I buy silver are because I don’t have faith in the dollar and I think coins look cool.
Straight up
Your list of silver users does not include military nor does it list military inventory which is substantial.
Very little silver used by the military. Missile silver is a myth.
That’s the “unknown” amount….
200 oz of silver goes into one Tomahawk missile
@@stevelauda5435 lol, I know several missile technicians, they have never seen that, where is it?
@@stevelauda5435I think it’s more like 20 oz on some of the missiles.
I always assumed the "official" numbers were just more lies. I never bought one oz of silver because we're "running out". I buy silver because every fiat collapses, and this fiat is running on borrowed time.
Remember when BRIX was the scare - then boom
Exactly. Owning PM's give us some piece of mind when the fiat crap collapses. I have plenty on hand for bartering purposes and plenty of stored food, water, lead.
Silver dealers disagree with you. They accept fiat currency for silver. They profit from your ignorance. They laugh at you. You live in a trailer park.
@@busterbiloxi3833 Probably turn around and buy gold for their stack.
Spot on.
Hi SilverDragons! Thank you for the vlog! Being educated on any type of asset management is extremely important and useful. This really helped me understand some of the driving factors in the silver market.
Glad you liked it! I have another video coming out very soon with some new info I just learned about so stay tuned… 💪🏽
I was told years ago that silver prices are constantly being manipulated and held below value to provide American citizens and the world with a sense of faith and security in the U.S. dollar.
Higher precious metal prices are a key indicator of a weak economy and a weaker dollar and it reverberates throughout the entire world economy.
It’s going to take an absolute disaster in the form of a depression to ever realize the true value of gold and silver.
It’s coming
33 trillion in debt and climbing doesn't help at all.
Yall do what you want but im going to keep stacking! 😎
Me too
I appreciate your deep dives into the global market picture. You have a good head for research, plus the ability to compress raw data into straightforward talking points. The incongruities in the various estimates of the silver reserve that you point out here are notable and it sure would be nice to have answers leading to a reconciliation of these diverse estimates. Thanks for pursuing this.
Hey thanks for watching… my next video is gonna have more info on this topic coming soon so stay tuned… 🐉🔥
Yeah it's kind of hard to make predictions about running out of silver when you don't even really know what's out there.
supply isn’t so much the issue its fiat currencies influence. america had it good because its currency was fair and strong for the average person but now it’s being printed and used for the elites benefit the dollar needs to be challenged by other currencies like crypto or brics money. the mexican peso was equal to the dollar at some point but it was inflated to the point it being available only to its government and its banks leaving regular people behind. only a new currency will make silver great again.
same goes for oil
Also, int he coming decades, we will probably be space mining as well anyhow.
Right.
No one even knows who runs the debt clock website. I can’t say I trust it, I tried looking everywhere for the owner
The guy who invented the debt clock website seymour bernard durst had one of his sons robert durst believed to be a serial killer, and his real estate organization durst organization is very shady.
I heard it was owned by a lawyer in California
@Jim-nb3lq Exactly!
We’ll see what “they” say. I tweeted at them today and am hoping to get some answers soon 🤞🏼
@Switch_Styles
Did you look in the kitchen?
Nice to see someone do some research that doesn't say silver is going to be at $300.00 per oz next week. I had lost all faith in gold and silver bulls a long time ago.
Gold is bull. The economy sucks and it's still gaining. Just wait... it's undervalued as well.
Lost but still here 😅😅😅what a clown
Yes, I'm tired of the wide open mouth with shocked face with a number like $300,$500,$1,000 etc on the silver videos. Let's get to $40 or $50 before these high price predictions.
@@michaelmohrle1773same man. At this point, I’m just stacking to add to my overall networth, and to have another asset class to diversify with. And to have something (hopefully tax free) to pass to my daughter later in the future.
Thanks for watching… I do have an update in my pinned comment above ⬆️ and another video coming out soon with new info and a few corrections 🙏🏽
I have been lied to? "**gasp**
95% Gold to 5% Silver .Gold is king always will be.
Are you aware that Uganda has over 320,000 metric tones of gold in the ground? That is more gold than has been mined in all the earth in all its history, ever. I am dumbfounded as to why this has not affect the price of gold yet.
You have to remember they have been saving silver since 1965. I am pretty sure the big banks have vaults full of unreported silver. This is how they are able to keep the game going with paper and physical.
They keep the game going due to the Fed propping them up with daily infusions of funds.
👀
Gawrsh! It’s a (shudder) conspiracy!
They rig to win what makes you think they wnt rig metals ,lol ever worked in scrap metals that woukd open youre eyes getting orders from foreign country's etc etc , it's a rig
Germany taxing silver and not gold should clue us in to something.
I was just thinking this.
Well done Silver Dragons 👍
🙏🏼🐉
Thank you so much for this video and your update comment. It helps explain why silver is priced relatively low and will remain priced relatively low. I think the key takeaway is when you explained why we stack. We don’t stack as an investment. We stack as an alternative to saving fiat.
Thanks for the deep dive into this, Knowledge is power.
The more you know 💪🏽 Also more info coming soon…
Little old me is just trying to get 1000ish ounces to put down on house in a few years, so I don’t spend all my cash on Uber eats lol.
You have done an amazing job researching!!
According to Ed Steer, JP Morgan has about 500M ounces of unreported silver in its vaults
I kept mentioning to my LCS and to the guys at Harry's that every time that Silver would creep up to 32 or so suddenly the market would get flooded and drop silver back down to 30 or below. *every time* It's been like watching a pingpong match for the last 2 months.
Taxes on silver? What silver, I ain’t got no silver!!!😝
lol
I wonder how much gold and silver is now lying in landfill in the form of old electronics?
👀
A sh*t ton. One day in the far future they will be mining for that too.
Me too.
Ohhh that’s interesting…
I take apart tv and computers every now and then And get the gold sticks from them.
They want you to panic sell.
And some days they convince some to panic buy. It's a game
The 18 billion in reserves must be counting all the unmined silver. That would be my bet.
In fact look at the gold too it shows reserves shrinking which is the giveaway that it’s unmined reserves because golds above ground reserves are growing not shrinking.
No it is total above ground silver. Over half is in industrial use. A little bit of research would have cleared this up.
The quantity of silver in bullion to buy is a small fraction.
Its very doubtful that's its unmined metals. I've been hearing this "we're going to run out of silver" and "moon shot" stuff for upwards of 15 years. The people that sold when silver hit $32 were probably the smart ones.
@@franciscoaguilar123 if there was 18 billion ounces sloshing around silver would be worth $2 an ounce. Look at all the metals on that list including gold. It shows the gold reserve going down. The above ground gold reserve is always going up. It’s definitely unmined reserves.
If you want to protect your wealth buy gold. Gold is a tier 1 asset that central banks/goverments buy and store. Silver is a great way to diversified from fiat currency but it wont protect your wealth.
When gold gets too pricey people won’t buy gold dust particles
Nah you wrongly refer to silver as if it is some ordinary base metal! Remember gold is excessively overpriced when compared to the ratio of silver to gold! Buy both to protect your weath.
I remember 10 years ago when I started I got silver for 13 dollars an o in cad. Now it's 38 an o. That's 300 % increase. Are you in your senses?
Hi. Yeah, there are above ground inventories not accounted for. Also, the running out of silver story has been going around since the 1980's I believe? I moved to dividend paying shares a few years ago, low to no transaction costs, regular, reliable payments, and stable values. I don't think there is anything wrong with buying silver as a great form of consumption (using disposable spending money to get something shinny) but not as an investment.
Silver does make for a good savings
It's more of a hedge against fiat collapsing.
Thanks for scaring the crap out of everyone
Unnecessarily scaring the crap out of everyone, because there is no way there are 18 Billion oz of silver in some above ground storage !
You are right we should know. I am really just learning and these videos really help. More information the better
I transitioned from stacking silver to collecting certified rare Morgans. Not affected by absurd vicissitudes of spot price. Rare coins do not become less rare and the price is not as volatile as bullion.
I take it you don't prepare for whe SHTF then? Just in it to protect wealth? Genuine questions.
@@bradical2723 - I still have bullion I stacked, but do not buy more very often. I just diversified into rare coins. So, I am prepared for SHTF. Certified Morgans lose no value when silver spot drops several dollars.
Wow same here Morgans and peace dollars
@@bradical2723shtf lmao how much rice, beans, ammo and water do you have stocked up
Worth melt weight.
They also are not accurately reporting silver usage. The industrial usage is higher than they report
Can’t wait to see what they have to say. This is very interesting. Thanks SD 🐉
Thank you 💪🏽🩶 another video coming soon with NEW INFO 👀
They have been lying about the amount of gold by a big factor. Why wouldn't they do the same with silver?
Hey silver dragons I am new to stacking silver, do you have any videos explaining terms of silver investing ie spot prices and premiums. I am trying to learn as much as possible at this time. Thank you.
Hey silver dragon. So what platform do you purchase rua gold on??? It's not on webull
Great visuals! I sleep better at night knowing I have a little pm and not just a little paper
Somebody is lying.
Somebody is always lying
After what I heard yesterday from my source I’m leaning towards that thought processes as well… stay tuned for my new vid 👀
🐉 Stack it like you stole it.
Maybe I did steal it!
🐉🔥
Alchemy is real...and what's outside the ice-wall?
Thanx for a great report & useful information!!
Buffet owns 1 billion dollars US in Silver. It is probably sitting in some Bank of America or that building he owns ... He owns 17% of Bank of America. So, with 1 billion in Silver he can LOAN that at 50 to 1 and have the collateral required by the FDC.....whew. 1 billion worth of silver creates 50 billion in payments coming back to him....through leverage.. this is just a guess but the billion and bank ownership is on record. He is not the only one.
It's in the DeBeers vault with all the unreleased diamonds. Gotta keep that inventory scarce!
This "other inventory" is what is coming across the counters of dealers all over this country by the second and immediately being sold to refineries...It doesn't take a genius to figure that one out....If ABC dealer in Spring Hill Florida sells 500 sets of sterling silver flatware to refineries all year long, then multiply this by all of the dealers worldwide and you have the answer where "other inventory" is coming from...Otherwise, where is THAT untracked "inventory" reflected in the report?
I am fascinated with the great diversity of thought in the comment section. The opinions certainly are well thought out and make sense from several differing viewpoints.
One thing is clear to me about this video. It was a terrific thought provoking topic. Furthermore Mr. Dragons, it is obvious that you put a lot of time and effort into your research and we should all be thankful for that, I know I am. I look forward to your follow up on Monday! 👌👍👏✌️❤️
Exciting news! The inclusion of Rose number [648] beautifully symbolizes our collaborative efforts in this creative garden at CoinEra. Let's continue nurturing this shared space together! 🌹🌷🌼 Thank you for being an integral part of it! 😊💖
Silver goes up and down. We've known this forever. That's why in 1891 Andrew Carnegie wrote a book saying it was dangerous to put value into silver as it's volatile, and not as stable as Gold. It's much more likely to find a large new deposit of Silver than there is of Gold. We can see this in the Price of Gold vs. Silver over the past 50 years. Anyone tells you to put money into Silver as a sure thing is truly a Bozo. Gold is the only semi-stable precious metal to put money into. While Silver is cool, it's just not investable.
US debt clock is counting underground estimated silver deposits as “inventories held elsewhere.”
Yeah I think you could be right… I’m gonna have another video coming out soon about this topic.👀
Yep, that's the only thing that makes any sense!
Silver sucks so glad I sold over $30.
It's an industrial metal.. therefore it's price is dectated by consumer demand in the products it's used in. When consumer demand goes down.. then logically the demand of silver goes with it. We are currently in a slowdown in consumer spending globally.
Great video thanks for digging up the information
Great detective work! Thank you for this very important info.
Gold is a better and much more stable wealth preservation than silver. I still like silver but it’s pretty disappointing.
Great video, always a wealth of information.
So just where is Else Where?? I think they are lying to the investors Who can we trust and who is really running the markets?? Keep On Stacking! Great info and Show! Thanks.
Awesome work SD, good information thank you
Being the central banks Kryptonite, it will be a very long time until it is allowed to find its true price.
I can agree that silver is a lousy investment. It does however make a wonderful inheritance for the kiddos who didn’t pay 1 cent for it. Plus it looks great. I’m going to keep stacking it no matter what. Great info btw silver dragon!
Thanks for Diggin’ Down Deep on this one SD 🔥🐉
Gotta be done 😎
They must be counting the unminded silver.
Crushed the like button! EXCELLENT video and thank you so much for sharing!
Great work as always, Silver Dragons. Thank you for the in-depth research, but I have a question. It seems that you're basing your conclusion on the numbers provided by the US Debt Clock. How do you know that is the accurate number and not the number in the study?
Excellent well researched information. Thank you
I've been halted my abundance silver buying like i was,and honed in more so of 90%/-3 oz
⅒x2 @each gold / platinum monthly.
Instead 5/10 oz bars/ rounds silver
¼ oz gold-
Is like 100 more oz then just few mos. Ago!
I've been battling on who what where should i buy my gold from and silver and came down to basically what I've always done!
If oz of silver/ gold is worth what the spot+ premium always relying upon current value,then it only really matters where can i get it the cheapest from!
I usually get silver for bdays and Christmas so it’s free.. I bought a bunch when the price was $14-$16 Oz but I won’t buy it at the price it’s now. I don’t break the bank on it either- I’m an electrician so I get lots of scrap copper and cash it in when copper rises and sit on the cash until silver dips. So it’s basically all free. I also keep a 50 gallon drum full of copper at all times as a secondary emergency fund.
The quicker world inflation increases, the faster tangible assets will be desired. Precious metals will become MUCH more desirable in society over the next decade. Especially with the introduction of digital currency. Mass adoption would deplete the reserves quicker than anything else. Fingers crossed that people wake up. Good video SD.
The most important thing is to "collect " over just investing or thinking you will make $$$ on silver coins. Find a theme you are interested in just like hockey cards or baseball or football cards. You will enjoy looking at the coins and the fact that they are a precious metal and might go up in value is an added plus.
This is me now. I first started stacking silver for when “SHTF” now I casually collect silver like nerds collect funko pop toys. It’s just a fun thing I do for me. No urgency no worries no fear. Whatever happens is whatever happens.
The important thing here is people have been selling thseir stacks and price is going up. The amount of availabilie silver is what we need to know. Its a few billion oinces.
I’ve been stacking silver since 2016 and I am concerned that I have been on a fools errand. It simply doesn’t move much in price, and if ever needed as currency I’m certain there will be an alternative as very few people hold precious metals.
where in the chart is the military usage for missiles , torpedoes ?
That would be covered by electronics.
@@ItsEverythingElse they use way more silver than they can report . hundreds of ounces per missiles , i was told thousand ounces per torpedo .
@@ItsEverythingElsenegative…. They don’t report it at all.
Will roughly each missile has 15 to 30 lb. Of silver so when you figure how many are used in the iron dome cruise missiles all that stuff. It's tons that are just getting vaporized every single day
@@cryptocuzzins9214 agreed
I started buying the silver for the same reason !! Looking at goldbacks as an option as well..
silver is often a byproduct of mining for other metals, such as copper, lead, zinc, gold, and uranium. In 2023, about 30.8% of the world's silver came from mining lead and zinc, while primary silver mining accounted for nearly 28.3%.
Great information as usual
Thank you! Good research! I'm still convinced that silver is our best bet for wealth preservation. Why keep any cash? I like income props!
Excellent report 👍👍👍👍👍👍👍👍
Could you perhaps make an update video regarding copper?
My 401k has only been paying back 1.9 percent. My silver and gold stack has always done better than that.
It comes from from people selling scrap or sterling silver for melt. People selling the families silverware etc and big private holders wanting to cash in for retirement.
Wow great video thanks
I can't remember which channel it was a few years ago that floated the idea that some miners were holding back silver supply when it was at super low prices. Basically stacking their own supply. Especially miners that get silver as a by product of their primary mission of copper, nickel etc. How that would get into these numbers.🤷🏼♂️
Don’t be a doom and gloom guy brother! Stay positive… we are all in this together
H o l d , h o l d , hold , hold
Write to the guy who wrote that article and ask him “WTF?”
What was the basis of his (or her) misleading information?
Interesting stuff.
I think a lot of these articles and gurus mislead us on the information, in order to sell more silver.
I am kind of over physical silver myself. If I acquire anymore, it will just be ASEs. The metal is suppressed and always will be.
If SHTF I have the junk 90% - always liquid
I really miss the excitement from Harry's gold giveaways. Are you guys gonna bring that back on the quest for 300k?
Props lots of prob for the long research and not hypering the metal up as much as the media like its gonna run out.. and just skyrocket
The reason for the short position is so they can keep silver prices low or all short positions will be under water with huge losses.
So all this being said- if these stockpiles are held by bigger entities, wouldn' they want the price to increase?
Great video, Silver Dragons! Many questions about silver supply and demand that need to be answered.
I heard something a while back, and I wonder if it has something to do with ambiguous silver supply and demand: India and other non-western countries have a long held cultural connection with silver jewelry and artifacts. It's said that in many parts of India (the second most populous country in the world) there are people who wear an average of 10 oz.s of silver jewelry, even in their day to day business. These people are typically too poor to be considered investors, but they apparently will sell their silver jewelry when prices get high enough (or their own circumstances become dire enough.) Though poor, these people are very numerous in the "developing world." Could they explain a significant part of the mysterious undocumented supply of silver??
Awesome job Brother! Many facts you provided that show the numbers and they don’t lie!! Thank you JESUS!!!
trying to spread awareness! 🐉🙌🏼🪙
Has to be all the silver mined and sitting in vaults and with stackers.
Great research, thanks!
I just started watching your videos! I ordered total 10oz yesterday. One 5oz bar the other was a 5oz pack. Both from SD Bullion.
SD Bullion has good prices relative to oline prices. I recommend finding an LCS
@Silvertarian the closest coin shop to me is almost an hour away. I plan on heading down that way to do some grocery shopping so I will be stopping in down there to check it out
Nice! Great to start somewhere 🪙🪙🪙