Prices won't deter me from buying. I pick up an eagle or two every week. My advice, buy what you can afford and feel good about it. Anyone who buys silver in any quantity is a winner, keep on stacking.
I was thinking about how pension funds often fail to fulfill their purpose so I sat down and made a calculation taking into consideration inflation and purchasing power. I realised that if one had invested in Silver and Gold (I forget the year I was calculating from) instead of a pension fund, instead if losing purchasing power, I would have at least tripled my purchasing power by retirement. So that’s what this means to me. Fiat may be the everyday currency but when it comes to conserving wealth for the future then Gold and Silver are the way to go.
Backyard Bullion I think about the mad max scenario all the time, not because I am just fearful like that but just in a fantasy kind of way, and the current scenario is at least closer to Mad Max than anything I’ve seen in my 46 years. Like in terms of silver, when/if all commerce is basically shut down or at least severely hamstrung, and the streets are literally dangerous, everybody out to take from everybody else out of desperation, how and where would you even sell silver safely? Like a picture someone like me, a single mom with a tacklebox of coins and scrap jewelry. And I know you were half joking when you said mad max, but what if gasoline really were unavailable, and people were down to walking in the dangerous streets? I should note that I am American, and though I don’t currently own any firearms, I could easily acquire one or more. So I’m really curious how the rest of the world would defend themselves considering some people will have firearms even where they are banned.
I buy Gold, and use it as a savings bank, if i kept the currency in my house, I would spend it. Changing it into Gold, stops me wasting my money. Not only that, Gold is beautiful. Gods money, tears of the sun. Gold is 🤴. Thanks
This is one of the best things about stacking and a great way to look at it - saving money for the future is really important! Thanks for sharing and watching!
That's the exact reason I started buying gold and silver. I had a few thousand dollars cash from selling pharmaceuticals and didn't want to just keep stacking $100 bills in my closet. I love my stack! xP
I love silver I stack silver becouse I cant stack cash. As far as price goes its manipulated just like everything else. Do I want 1000 dollar silver?NO becouse it will most likely mean 500 dollar loaf of bread
@@SH-ij3df I'm not into this market, but doesn't that mean that the price of silver has dropped if it has stayed the same but these 13$ was worth more 30 years ago because of inflation?
One of the most important aspects of having precious metals is that it is wealth removed from the grasp of govts. They will be looking to take your assets to fund themselves in the approaching hard times. A broke govt is a dangerous beast. Protect yourself from this scourge.
You forget that during those times, they make it illegal to own gold, that's when you are legally obliged to sell it back to them at rock bottom prices.
If silver/gold shoots the moon it will be because the currency is tanking. Why would I convert the intrinsically valuable PM's into a tanking currency?
A "tanking currency" is what causes "PMs" to "shoot the moon" (that phrase is generally used in the various varieties of the card game "Pitch" to "bid" the maximum points in one "hand" possible AND win the entire "game" in one hand or "lose everything" if the "shooter" doesn't make it and goes "set" whereas "skyrocket" refers to a huge increase in the "price" of goods or services due to a supposed increase in "demand" and usually right before the "market" goes "bust") but yet even though "PMs" are bought and sold by "investors" at a "price" invariably determined as some "volume" of the so-called "fiat currency" they're supposedly "worth" when the "currency tanks" the "value" of the "PMs" formerly priced in that currency and "pegged" to it won't "tank" as well? Seeing as how 1 "USD" buys every bit as much gasoline or groceries or gun as it did 10 years ago or MORE and that means "inflation" of the "USD" is not a factor in the huge "moon shot" of so-called "precious metals" - which in the case of both gold and silver "peaked" years ago and then "crashed" when "supply" suddenly "spiked" and have only "recovered" since "stacking" has become "investing for dummies" too young to remember the last "financial crisis" because Mommy and Daddy were paying all their "bills" - and that instead of "precious metals" increasing in "price" due to a "weakening dollar" instead its the decreasing "value" of "precious metals" in a world where "luxury items" like gold jewelry, solid silver tableware etc are no longer "valued" like they used to be, I think you "stackers" are in for a rude awakening no matter WHAT happens as far as "global economics" and the "value" of the "USD". If you LEARNED any "history" instead of just repeating that "store of value" and "never worth zero" and "hedge against inflation" going back "centuries" crap, you'd know that until there the "USD" was created and that "precious metal" gold and supposed "precious metal" silver became "fiat currency" as U.S. coins with "face values" approximately "equal" to the "hourly wages" of the men who mined, refined and minted them into coins - the hardest, hottest, most dangerous and "riskiest" manual labor in "America" then or now - and the "value" of those "PMs" HERE IN THE U.S. WAS DETERMINED BY THE SAME THING THAT'S ALWAYS "BACKED" THE "USD" AND ITS "FIAT CURRENCY" - THE "HUMAN CAPITAL" THAT ACTUALLY PRODUCES "PHYSICAL" GDP, THERE WAS NO "GOLD PRICE" OR "SILVER PRICE" AND THE "PRICES" OF THOSE "PMs" TODAY ARE DUE TO "CURRENCY TRADING" AND OTHER "INVESTMENTS" THAT HAVE TRIED BUT FAILED TO "DEVALUE" OR "CRASH" THE "USD" AND THE U.S. "ECONOMY". A "DEVALUATION" THAT VARIOUS "ECONOMIES" AROUND THE "GLOBE" DESPERATELY NEED TO AVOID "COLLAPSE" BECAUSE THE "GOVERNMENTS" OF THOSE "CAPITALIST" COUNTRIES THAT MANIPULATE THEIR OWN CURRENCIES AND "TRADE" CURRENCY "PAIRS" THAT INVARIABLY PIT THEM AGAINST THE "USD" AND "RETURN" USD HAVE CREATED TENS OF TRILLIONS OF "USD" THAT DO NOT EXIST EVEN AS "FIAT CURRENCY" AND THAT THE U.S. "CENTRAL BANK" COULDN'T "MONETIZE" IN A "CENTURY" OF NON-STOP PRINTING OF "PAPER MONEY" AND WOULDN'T HAVE ANY "VALUE" OUTSIDE THE U.S. "ECONOMY" IF "AMERICA" DID FEEL OBLIGED TO "BAIL OUT" THE FINANCIAL/CURRENCY/ECONOMIC "CRISES" ITS SUPPOSED "ALLIES" AND "PARTNERS" HAVE GOTTEN THEMSELVES IN "SHOOTING THE MOON" BETTING AGAINST THE "USD". YOU THINK A "TROY OUNCE" OF "PURE SILVER" IS "WORTH" 15 "USD" AND A TROY OUNCE OF PURE GOLD IS "WORTH" 1400 "USD" OR ROUGHLY 3-4 TIMES MORE "USD" THAN A "DECADE" AGO? I THINK THAT UNLESS THAT SILVER OR GOLD IS IN THE FORM OF ACTUAL LEGAL TENDER U.S. CURRENCY "CENTRAL BANK" FIAT CURRENCY U.S. "SILVER DOLLAR" AND "GOLD 20 DOLLAR" COINS, ITS WORTH 1/15TH OF 1 "USD" PER OUNCE OF "STACKABLE" SILVER AND 1/1400TH OF 1 "USD" PER OUNCE OF "STACKABLE" GOLD. ANYBODY WHO CONSIDERS SILVER "WORTH" JUST OVER 1% OF THE GOLD "SPOT PRICE" TO BE A "PRECIOUS METAL" WITHOUT A CLUE WHY IS AN ECONOMIC IDIOT EVEN A "GOLD STACKER" LOOKS "SMART" IN COMPARISON TO BUT BOTH ARE THE POSTER CHILDREN FOR THE "PROVERB" ABOUT FOOLS AND MONEY SOON PARTED.
@OldPossum In Oklahoma, it is considered legal tender. It can be used to purchase goods, groceries. Other states have adopted this form of payment also.
gold and silver are highly undervalued relative to how much fiat is out there. I believe they can go up a good amount without a massive economic problem. Most people just don't really know or understand stacking and that's the biggest thing holding it back other than manipulation of the markets.
I agree! I've been buying a lot of silver over the past two years. I think it's still grossly underpriced at $17/oz. When I have extra money I just buy at that day's rate and feel really good about it 👍😁
I have collected silver coins of all types since I was a kid. But now I’m really thinking about silver in a whole new way thanks to you. Thank you for posting.
I treat myself at restaurant once in a blue moon,rest of time I’m in crypto and metals.I was one the first bitcoin guys in 2009.Also helped launch London first two way Bitcoin cash ATM.
I watch silver prices daily, more importantly I watch them on friday at 5pm est thats when the forex & commodity markets close. I watch to see if silver price has taken out the previous weeks high. This is usually a good indicator to determine whether prices will go be going higher in the coming weeks.
The price of silver on a forex or stock account is moved by traders trading on that instrument I don't think that any physical silver is bought or sold. So the price is decided by how much money the traders have to push the price one way or the other. Just a thought.
Paul Sharman I’m a trader and yes ur absolutely correct. Trading gold and silver in the markets can be extremely profitable, do that properly make the money and then put it all into actual physical gold and silver and hold the physical metals for the very very very very long term.
Silver is the money. I have a million fiat dollars in my safe. By the way they are Zimbabwean. Get my point. Plus as for the pirate governments if you don't tell them they don't know you have it.
I have 300 trillion Zimbabwe dollars, bought them for less than a dollar. But they have become collectable and hench they hold a much higher value today. There is a chance of similar thing happening to the Venezuelan bills.. so there are a few opportunists that have jumped on that train.
@Mario Salinas as a prepper the way i look at it us as a long term prep. Ive got the firearms and plenty of ammo, ive got the stored food and heirloom seeds, so now its time to get the gold and silver that I'll have for the point that society would be rebuilding itself. And hell who knows. Get enough gold and silver and eventually if you have a SHTF community thats grown to 1000+ people than you can start making your own coins for the market. Put your own face on it and you have your own little kingdom. And if SHTF never happens, than I'll hopefully have a small treasure chest for each of my children ya know
Your thought strategy is spot on. If silver "shoots the moon" w/o a fiat currency crash; there will be no buyers that would take a chance on a purchase at that high price whatever the moon price becomes. Better to sell a portion as the price rises to the moon and retain say 2/3's of our physical holdings.
I buy EVERY week. Dont look specifically at spot price, I just order 5-8 coins every sunday. Consistency is really the key for my strategy. Will also make additional random purchases as funds allow, but the weekly silver order every week. For my new strategy percentages I generally look at ASE 40%, Other coins 20%, and then 10% each of premium, generic, bars, and gold
I see the price "shooting the moon" because of manufacturing demand. Unless some one finds a good way to recycle all the silver that is lost in landfills.
Correct: when silver shoots to 100 $ per ounce, a bread will probably cost 25 $, so purchasing power in fiat currency is gone. But on the other hand: one needs to eat so perhaps you have to sell your silver to stay alive.
Agreed. Some folks think buying gold and silver will eventually make them rich when the price skyrockets. But everything will cost a lot more too. So in reality, they are not rich. Gold and Silver only preserve their current purchasing power against a collapsing fiat currency.
You guys are missing something. Buy land now. I just bought a couple of acres last week. I know it's easier to say than do. But, i bit the bullet and did ut. I believe it will pay off in the long run. Grow your own food. At that point at least you don't have to be concerned about the that expense.
Silver price will equate to the dollar or pound, so we can't win, just hold what value we have. But that will give us a leg up on those who don't have silver and gold. So that is a win!
It will always be relative to your own buying power of the currency you have in your bank account - unless you think that the US $ will become the next currency of choice in the local supermarket!
Backyard Bullion nah.. soft lavatory paper will be worth a fortune! Silver and gold will just weigh you down (never mind the weighing down of the massive stockpiles of TP ... at least you can clean up the S when SHTF😂)
I'm not against flipping my precious metals, but it's really not the primary reason why I'm stockpiling it. If platinum or gold go up to 3,000 a troy, I'll consider trading. Depends on if I think this country can recover or not when it hits those price levels. If not, obviously I won't be selling. Being an unguided missile in an ever-changing world is a bad idea. Be a smart missile. Keep an eye on the terrain as you travel over it.
The world has changed quite considerably since then - but it is a great demonstration of how currencies devalue over time! What do you think a dime will buy you in 100 years time!?
WHATEVER YOU WANT,we are running out of a substance that saves life,is 2nd best conductor of electrical energy in the world,there is 134 lbs of it in every cruise missile ,the main use and value is solar energy,free electricity
its 2nd best after AU,gold,is the best conductor,it doesn't tarnish or oxidize,at all,throw it into a mudpuddle,come back 10k years,it looks the same,they use it for wiring satellites only,silver is my metal,i like it,i've been collecting it in various forms for 55 years,its value means nothing to me unless it goes astronomical in value then I buy a motel
@@strattuner , not to be a stickler, but I just double checked. Gold is the 3rd most conductive. 1st is silver, 2nd is copper, 3rd is gold. However I agree, gold is much more resistant to oxidation and chemical reaction.
What is silver’s return. Average 10 year, 20 year, 30 year.. if you invested each year? You will be shocked. There is a reason hedge fund managers don’t buy and hold silver for long term.
I'd bet that most hedge fund managers in the know do hold gold in their own personal vaults. For their managed funds, they compete with their peers, and would often under perform when measured in fiat dollars, and would therefore lose customers. In a world with experimental monetary policies where everyone seems over leveraged and over indebted, it makes sense to hold some of your wealth outside of the system. Maybe we won't all turn into Venezuela, and maybe there won't be a massive war where all governments print fiat dollars into oblivion, but it is a risk that most would be wise to consider as a possibility. These days, options are disappearing for ways to get real yields on savings that outpace inflation, without oversized risk of default. In this environment, the opportunity costs of holding gold are very low, and you'll probably see more hedge funds buying metals until things change. Something is seriously wrong when trillions of dollars worth of negative yielding bonds exist and are purchased. Either people are expecting massive deflation, or they are being forced in one way or another to hold these bonds. I just see them as pulling money out of a system that for the average debtor, requires there to be an ever increasing monetary supply for them to be able to pay off their prior debts plus interest. The liquidity crunch will likely be solved in the short term by massive government fiscal spending deficits. Maybe this along with demographic shifts will result in the opposite of what we've seen over the last twenty years, with a slow deflation in asset prices. The problem with this is that governments can't tax deflation, and don't seem willing to allow it to occur. They will spend until the deflation stops, and who knows if they will be able to reverse course without a new great depression. There are a lot of unknowns here, and I suspect that those in charge aren't even sure how they can get out of the situation without massive upheaval. To sum up, I'm not sure what to make of what seems to me like monetary insanity, but I can understand that gold and silver are more likely to hold value over the long term than a paper promise from a government that doesn't seem to have a long term plan to honor its obligations. Maybe it won't turn out to be the best savings vehicle, but in this world, it would be irresponsible not to keep at least a portion of your savings in something real, if you have the option.
Why wont anyone ever talk about where the price comes from? It's by decree. Fiat. Determined by same people who print paper money. Trading papers that represent metals. Many times more metals exist in that paper form than a actually exists as mined and what is left in the crust. Why won't anyone talk about this???
Silver and gold have been money throughout history and have been used to transfer and store wealth for thousands of years before fiat was even an idea. Not only are these important factors, but every fiat currency in history has eventually gone to zero. It seems like the price of metals is based on the amount of fiat they're "worth", but, really, 1 gram of gold has been worth 1 gram of gold forever. Since the dollar decoupled from a gold standard, the price of gold hasn't gone up. The price of the dollar has simply plummeted.
Just bought my first piece of silver. Right now, I just want to play around with it, and learn. One goal I do have, is I want to get at least one piece of gold, platinum, and palladium. Just because I want one of each. So if I see a profit to be made, I'll make it, then turn around after the price drops, and buy more. Eventually I'll get those pieces I want.
I just make profits again and again on silver, checking the price chart every day. Have never had a "losing trade" on silver because it has never gone to zero. The profits are generally 4-figures or 5-figures each. All it takes is perseverance, a good plan, and knowledge of silver price behavior and technical analysis of the price charts.
Do you trade paper silver? Or do you buy physical and trade it back in? I have silver up to 30$ next couple days then 14$ in April 200$ in 2025. Good trading!
I have a mix of silver in my portfolio some just as silver like my maples and junk coin jar and some for other reasons from .500 sixpences for wedding favours and my 100g Metalor bar on my necklace, I don't worry about what I pay as long as it isn't way over the odds so my maples were about £18 each and I would probably only trade for them rather than buy them unless I could get them for £15 or less and the Metalor bar might get upgraded at some point but my other stuff I will keep buying as I get the junk for close to spot and have bought the sixpences under spot so far
Your logic about holding for long term & wealth preservation runs along the same lines as my own. I'm not selling - buy and stack when the mood strikes me. Good video - thanks a lot.
If there is a catastrophic event Then the fiat is worthless. Buy, enjoy, keep it till ya need it. Oh yeah, it makes a Great gift. Everyone appreciates it, few take the time to acquire it. Watch the faces when you gift it😳😊‼️
I also would only sell a partial amt. of my BU silver as stated but retain all of my constitutional silver - pre 65 dimes, quarters, halves, and silver dollars.
Interesting video, I have always thought of my silver as either art or a collection. I’m not a stacker and think of my holdings as savings. I don’t trust financial institutions and with banks offering no interest I’d be happy enough to break even when the day comes to sell up. I plan to enjoy collecting the items that appeal to me and hopefully won’t need to sell up for some considerable time. Let’s remember spot price is manipulated and is only meaningful at the moment of sale/purchase. 👍🏼
I share your sentiments FM. I see my lot as a small hedge and a diverse savings hold. It's there when the time comes should I need to, if not the longer strategy is that it's part of my pension and that's when I'll really consider cashing it in.
This is probably the most cogent view ever expressed on silver’s real life purpose. I can totally relate as a fellow panic buyer after the 2008 crash in the USA. It just takes a few years as a stacker to grasp the ideas you are laying down here.
I would just add that we are moving towards a competitive currency depreciating environment and hence it's not improbable for fiat currency to implode - timing is anyone's guess though :)
Learn a bit of Tech. analysis, and apply it to Gold and Silver.Can give you guidance on when to buy or sell,if that is your bag. I prefer to hold the metal and gamble for profits with the Jr. PM miners, like EXK,MUX,SSRM,AXU,AUY,HLSAND. SSRM was up 7.5% on 8/23, on a great rally. The little portfolio was up almost 5%, but I have no intentions of selling yet. When I do take a profit, I buy physical with the money. Who wants fiat? name of game is to get rid of it! Case of canned corn beef anyone? Skid of toilet paper? case of Peanut butter?
The only problem with your theory is history says you’re wrong. The US is the world reserve currency and it dropped the gold standard in the 1960s. Things could change over night so my opinion is to have precious metals on standby. Not lots, but enough for some bartering if necessary. The most important thing to stock up on is food.
Agree with much of what you discussed here. There are so many other regurgitating the $500-$1000 oz silver. While I do believe silver is undervalued, I personally think that silver will very likely remain south of $50 per oz. it could hit $60-70, but even that isnt very likley without a significant deterioration of the value of the dollar...which is possible, but it then wouldnt actually reveal the value of the silver as much as a decrease in the value of the dollar. I check spot every few day, but it doesnt really have any impact on my personal strategy
What happens if Silver does sky rocket in $$$$$? Because of the supply & demand factor. And everyone including me sell our stacks, at the same time now there’s abounds of silver available. Will the price’s drop back down? Correct me if I’m wrong but a few decades ago there’s was a family whom bought & stored 1/3 the world supply of silver. The price went through the roof $$$$$ & they sold it all what happened to the price?
Also the loss of silver I’ve watched a few videos where the gentleman uses nitric acid and hydrocloric acid to eat away the silver to get the gold in it.
"There isnt enough gold and silver in the world..." You could cut the total world supply in half and there would still be enough. It all depends on what price/value they are set to and the backing ratio. Not saying that this will happen, but world supply isnt the reason why it can't/won't
i collect coins and i stack. sometimes, numismatic products can double as stackable material. but no matter what, trading fiat for intrinsic value is conversion & savings. i don’t particularly worry about the phony paper prices on wall street. do you know how many paper contracts there are for every available oz of physical silver? i’d rather not play musical chairs, i’d rather have physical silver. and gold.
I heard you can by the same amount of stuff today as in the past with gold and silver. When Gold used to be 20 dollars a oz everything was dirt cheap. Is it the dollar that fluctuates not the gold or silver?
Silver will rise more and more because of our tech sector in all economies silver in electronics are almost unrecoverable so tons of unrecoverable silver are sitting in landfills unlike gold which can be recovered and not destroyed
The way I see it silver is not acquired to trade back into currency. In the world I'm waiting for precious metals becomes currency. The value of Fiat currency may rise and fall but in the end it's valued at 0. Precious metals have never been worth 0.
I am torn on the price of silver and gold. On one hand I want it to remain low so I can buy more of it for my money. But obviously, I also want it to increase in value so I can make a profit. So, right now, I hope to be able to buy a lot of it before prices start to go up. Do I think prices with shoot for the moon? Well, I think that 50$ an ounce is very possible. I think it's just a matter of time. After that, will it crash back down or will that become the new support? I have no idea. My goal is to sell half my stack (the low premium stuff) once prices double so I get get back all my money. If it goes to tripple I will sell half of what I have left and will keep the last quarter of the stack unless something very wild happens. What I do with the money will depend on the price of gold. If the ratio has shrunk to the 50:1 zone, I would just convert all the money to gold. If not, I would sit on it hoping for the price of silver to sink back down to purchase more of it with the money.
I'd like to buy some physical silver, but the instant loss at the dealer makes that the opposite of a good investment. The premium on coins is just silly. But I am watching closely for entry point to a silver ETF.
Absolutely agree with just about everything you said. Personally, i am beginning to use silver as a method of locking away capital in a monor that keeps me from too easily spending it on frivolity. I like tangible silver as a vehicle of safe keeping because of the relative "control" i have
Its a messed up situation cause the reason it would skyrocket would be because economy has failed and the dollar is worthless so things would be really bad
@Cosmic Dissonance Gold and silver are noble metals. Both have uses in the industrial sector and health industries. They are not worthless but eventually could be replaced by new technologies. As far as the dollar goes, I had the best unforgettable steak dinner last evening and the restaurant excepted my cash.
Im not so much a stacker rather an appreciater of art and on that merit alone is my reason for enjoying byb and another journey that i love and hold in my my life 😃.
Correct - it is a long term storage of wealth - so that you can either barter with it, or convert it to a more usable, stabilized currency after a possible catastrophic event (war, famine, etc.). However, DURING a scenario of catastrophic event such as a War, or a true mad max collaps as mentioned in comments below, you might be better off having invested in other precious metals such as copper or lead in the form of bullets / ammunition, or perhaps long term storable foods, or barterable commodities like alcohol. Silver & Gold are good long term stores of wealth, which is true - but they're really only useful once the dust has settled and things have returned to normal. A good example is the late 1990's Bosnia / Herzegovina war. DURING the conflict, food, weapons, ammo, alcohol, and toiletries were of immeasurable value. AFTER the conflict, once things re-stabilized, a quantity of silver or gold would have allowed preservation of wealth, which could then be converted back into a usable currency.
I'm not really stacking more just adding to my pile of silver my reason for lumping it together is coz I want to sail the world and silver regardless of what country I'm in is money where as fiat money / digital money isn't always interchangeable acceptable
I'm with you there, it's just a different way to save for me.. Being here in the uk, it can be a pain to get good prices. Where/whom do you buy from in the uk ?
Do you have access to APMEX in the UK? If you search the site you can find some okay deals. I like the convenience and free shipping. Last $10 roll of US silver quarters cost me $132 USD with silver at $17/oz. If I could wire or use Bitcoin, it's cheaper.
I've bought over a 1000 oz of silver from www.silver-to-go.com they in Germany, delivery is usually 2-3 days via UPS and there pricing is very good and no customs duty to pay.
I'm brand new to the idea of stacking, *but* I think if the silver or gold price ever shot up ridiculously, I would never "cash in" my metals. I would instead buy real estate with it. I'd rent the properties out and accept whatever the valued currency of the day is for rent.
I think that real estate is a very good long term thing to hold. I see gold and silver in the same category, except they dont produce you rent over time. Having a diverse portfolio is key.
Another reason why silver will never shoot a hole in the moon. Is because people will think of "Cashing out" when see their silver being tripple worth. Hench inflating the supply and lowering prices on silver. This ofcourse does influate the industrial market aswell. Gold however which is much more stable, and not as commonly kept due to its high value. Which is more of insurrance, can steadily climb higher. Which it has, and has been increasing its gap to Silver. It is also not as "Cash out" thinking regarding gold. And it attracts investors/savers like the ring of Sauron.
I always found that going to your local coin show by searching google is the best way. Often times, 10-15 dealers will attend each show and you can comparison show table to table to find deals over spot
I’m not sitting in expectation of silver reaching prices in the thousand or thousands, I do however believe firmly that I will see silver hit three digits. I enjoy buying it & I enjoy holding it & the beauty of the designs shapes & sizes. To me it’s a hobby that may just one day deliver a nice little sum or may not but it’s certainly a safer bet for a return than someone who puts that spend into their local whetherspoons for example.
I agree with your thinking regarding metals as a 'safe haven' (asset lock) but would add/suggest that gold and silver could see the rises some suggest given that technology (nanotech - fine slicing strips and bonding) could reintroduce metals back into global currencies (some if not all as a reserve currency possibly) which would make sense only/if the values soared from today's levels. It's not really about what gold/silver represents, so much as how commercial paper has been exploited to such an extent that it appears to have already exceeded its shelf life. If (when) a reset comes - then gold and silver will be the only game in town (well past the moon...) cover 'Uranus' might be a better term
Definitely stick to your strategy, just move 10 Oz and over at the moment if anything. Just keep accumulate as much as fits your budget. Once the robots suss nano technology. They may make you a grate deal.
You're touching it with fingers + it has contact with the air. It will damage and corrode in time. They'll only buy it from you for the melt value later, that's considerably lower price. Have you thought about that?
Silver will not corrode from finger prints, if it does it is not real silver. I really don't care about this kind of thing for these types of coins anyway. Melt value is what most dealers will give you for premium coins anyway so it makes no difference really.
It’s just a cool way of preserving money for me .much better to get the silver and gold out and play with it for a while rather than looking at a screen telling me how much money I do or don’t have in my bank account. And shadow stacker seems to think 10k gold oz never gona happen.
What you seem to have missed in the news was that mid December over 10 individual from one of the BIG banks, and I think it was in Singapore, were arrested and indicted for "fixing" gold and silver prices, since then both have seen small but nice rises in "scrap" value.
@@cuijodog1428 best I can tell you cuijo is use a search engine like DUCK DUCK GO and search for gold fixing arrests, I know if you try on google, you might not find it.
I know we aren't meant to get ahead so we probably won't. But wouldn't it be great!? At least I'm in control of my savings now. Only thing that can make me sell off is to trade in for gold or pay bills when I've given up working. Until then I'm buying!
I appreciate your rant and I am pretty new to silver stacking. I would be interested to know where your background comes from? Why do you state these opinions?
Every day I watch to trade the gold market to day trade. Gold can fluctuate $1,000 within a day. They trade it up so they can trade back down again within the day for example, so you never see those price swings at the close of the day. Silver can fluctuate with wild swings as well. It would behoove you to pay attention to when you buy during the day. Watch a chart in real time and get it at a discount!
Like many comments I use my stack as a savings account. I watch the daily price because I like to see my savings grow by hundreds of dollars vs the $0.02 my bank was proud to tell me my savings account there earned. Really, that was on my last bank statement.
We take loss at the time of sale only if we overextend our purchase amount and have to sell (just like many other investments). Still I like to push it.
I also don't believe silver price will shoot the moon and I stopped arguing with those who think it will. Let them dream...It's kind of rude to wake them up while they're drooling with a smile.
Let people think what they want - but I won't formulate my planning and buying around a premise that is so unlikely that it is not going to happen. Thanks for stopping by and commenting!
@@BackyardBullion mate I am UK resident here I need advise on two questions please help. 1. Is it better to buy silver monster box now or little by little. 2. I came across in your silverform a website that sells vat free silver bullion because he is private dealer. Is this safe? Will I have to pay any vat in future
@@BackyardBullion what about shipping and exchange rate fees. I heard you have to pay in euro for some reason. I'm trying to buy 1 monster box of Britannia.
@@precociousdeathdealer202 Had a quick look on European Mint, monster box comes up as just under £99 delivery. You can pay in £ but as they only have a European bank option you might get charges for the bank transfer (4% Paypal might be a bit big for a monster box's worth!) - GoldSilver.be have a UK bank to avoid the foreign bank transfer fee issue (some people have had issues but I've not had any in my small amount of orders)
I check the price once a day so as to gain a long term perspective on it's daily fluctuations. I don't trust banks or stocks... I'll not have (all) my money existing as 1's and 0's on a computer "somewhere." The national/world monetary system is doomed to fail one day... gold, silver and lead are real, those pieces of paper in your wallet are not.
spg77777 I like your way of thinking about fiat currency just being simple digits and I myself like to own gold and silver but lead? I’ve heard some people talking about copper maybe be a reasonable metal to invest into? I myself wouldn’t even buy copper! But hearing people talking about buying lead is a first for me. I’m not saying that buying lead is a bad idea, like I said it’s just a first for me personally. Do you stack a bit of lead yourself or is it just something that you have heard of?
spg77777 oh yes of course, I can’t believe that I didn’t think about lead like that. I actually own two pcp rifles myself and often go out shooting rabbits and squirrels on the farm that I’ve got permission to hunt on. That’s it I’m going to start stacking some lead, at least if the shtf I can provide food. Thanks for the tip.👍
You said it man if you're trying to get rich quick then I cannot relate to you with so it is a assets that should be thought of as at least 10 years into the future in my opinion it should be stacked not flipped, love your video nice shot some 4knines silver my question to you therefore is do you think there's much difference in .999 & .9999, I think it's really interesting American silver eagles are slightly cheaper than Maple Leafs when maple leaves are slightly more refined I know it doesn't make a big difference when it comes to the value but do you go towards one of the other? I mean I love 35% 40% 90% .925 .999 % etc. lol all forms but ya when buying do you gravitate towards one more then the other? Thanks backb!!
If you think silver and gold will make you rich, then you are wrong. If you think silver and gold will keep you rich, then you are right! Personally I don't see much difference between 999 and 9999 silver - but it is nice to have it as pure as possible if I go to melt it down to make some bars, it certainly looks very clean at 9999 - but for coins not too bothered. Personally, unless it is a silver coin from history I would always go for 999+
Is there anyone who's buying silver just for the heck of it, as we buy clothes, watches, extra pairs of shoes, and useless stuff like lollipops, popcorn, gummy bears etc. OR AM I THE ONLY PERSON?
Where is the best place to purchase silver coins in the UK?, I have only just made my first purchase this week of 3 x 1 oz coins from Royal mint but with their prices and vat they worked out at £21 each which is well over the £13-£14 value per oz, any suggestions
@@chukah9484 affordable now, but also it depends on your long or short term strategy, i'm looking for the gold/ silver ration to close up along with the fiat currency to goto 0
I don't care for the price of silver either. I'm addicted to buying coins (Australia, Canada and many others). Every week I indulge myself. Some people go and get stoned with beer. I get stoned with a fresh coin a week.
You know we're going back to the gold standard right? And you know silver is massively undervalued (historically speaking) and the ratio between gold and silver is a gap that must and will be closed? And you know there's actually more gold available above ground than there is silver, and that silver is much harder to recycle and gets soaked up by industry, and when the supply (mines) can no longer meet the demand, industry will turn to private investors? - It's never been a matter of IF gold & silver moons, but rather when.
Sorry, going to totally disagree here - we are not going back to the gold standard and never will, it's a fantasy and one that would cripple the economy leading to the destabilization of the western world....why would they do that!? They won't.
@@BackyardBullion Lol, but the legislation is already in place. It's a wealth transfer, all by design. i'll get back to you in few years. Don't worry, you'll see =) Good video anyway, bro. Always been a fan.
I buy 1oz silver round online every week, I buy what I think is cool I'm not selling it, I plan on giving it too someone I love when I die. I'm willing to pay what's it is worth to me I check spot before I buy and I'm usually searching online during the week so on payday I am already aware of what I want. I study this subject to be wise about it. Who's to say what any 1oz silver round is worth to me?
![Fake Money Is Making You Poorer! Why Savers are LOSERS - Robert Kiyosaki [ Millennial Money ]](http://i.ytimg.com/vi/yR0B8Y31CIk/mqdefault.jpg)
Prices won't deter me from buying. I pick up an eagle or two every week. My advice, buy what you can afford and feel good about it. Anyone who buys silver in any quantity is a winner, keep on stacking.
I was thinking about how pension funds often fail to fulfill their purpose so I sat down and made a calculation taking into consideration inflation and purchasing power. I realised that if one had invested in Silver and Gold (I forget the year I was calculating from) instead of a pension fund, instead if losing purchasing power, I would have at least tripled my purchasing power by retirement. So that’s what this means to me. Fiat may be the everyday currency but when it comes to conserving wealth for the future then Gold and Silver are the way to go.
Sacha Chan Yan good point!
Well thanks for that observation. I'm 27 and my wife and I have decided to start buying gold. So that just one more reason why its worth it
“I don’t see a global catastrophe in our lifetime”
2020: hold my beer
This is bad, no doubt but it is not a mad Max scenario
You win the internet today!!
Backyard Bullion I think about the mad max scenario all the time, not because I am just fearful like that but just in a fantasy kind of way, and the current scenario is at least closer to Mad Max than anything I’ve seen in my 46 years. Like in terms of silver, when/if all commerce is basically shut down or at least severely hamstrung, and the streets are literally dangerous, everybody out to take from everybody else out of desperation, how and where would you even sell silver safely? Like a picture someone like me, a single mom with a tacklebox of coins and scrap jewelry. And I know you were half joking when you said mad max, but what if gasoline really were unavailable, and people were down to walking in the dangerous streets? I should note that I am American, and though I don’t currently own any firearms, I could easily acquire one or more. So I’m really curious how the rest of the world would defend themselves considering some people will have firearms even where they are banned.
LMAO I thought exactly the same thing when he said that
You know how old people do
If i die broke it was a perfect budget
One way to look at it!
Kevin Bell that comment was gold. Pun intended.
well if you die from a natural death, good job. If you die young from a Chinese bomb or bullet, not so much.
I buy Gold, and use it as a savings bank, if i kept the currency in my house, I would spend it. Changing it into Gold, stops me wasting my money. Not only that, Gold is beautiful.
Gods money, tears of the sun. Gold is 🤴.
Thanks
This is one of the best things about stacking and a great way to look at it - saving money for the future is really important! Thanks for sharing and watching!
Deep storage. Hard to spend, and I can stack it on the table, or bang pieces together to hear the noise if I get bored.
That's the exact reason I started buying gold and silver. I had a few thousand dollars cash from selling pharmaceuticals and didn't want to just keep stacking $100 bills in my closet. I love my stack! xP
I love silver I stack silver becouse I cant stack cash. As far as price goes its manipulated just like everything else. Do I want 1000 dollar silver?NO becouse it will most likely mean 500 dollar loaf of bread
There is God in Gold.
I'll only sell my silver/gold to pay off a rental house, current house or buy additional land.
buy more silver. you will not regret. price has exploded.
@@stevenhanlon7001 What part of the world do you people live in? Spot price is hovering around $13-$14 the same as it was 30 years ago. I don't get
@@SH-ij3df I'm not into this market, but doesn't that mean that the price of silver has dropped if it has stayed the same but these 13$ was worth more 30 years ago because of inflation?
No one is selling physical silver for $13 an oz 😂
@@SH-ij3df $19 now
One of the most important aspects of having precious metals is that it is wealth removed from the grasp of govts. They will be looking to take your assets to fund themselves in the approaching hard times. A broke govt is a dangerous beast. Protect yourself from this scourge.
I totally agree, very well said!
And we have a stupid public voting to make the government massive and powerful.
@@xDDufiosy Don't you mean even _more_ massive and _more_ powerful? :P
@@FerventReminder dont remind me xD
You forget that during those times, they make it illegal to own gold, that's when you are legally obliged to sell it back to them at rock bottom prices.
6:30 7 months later...
Lmao. Now this has happened, silver will go down when we turn back to some kind of normality, pick up as much as you can and learn your lesson.
If you sell now you will get well over spot price.
@Andres Tello I bought the dip. Just sitting and waiting. I'm no fool 😂. If you look at the major dealers or eBay, the premiums are through the roof.
@@123mcgarrigle will it really go down now?
@Motor Head 10 dollar premiums on generic silver.... You can make a good argument.
If silver/gold shoots the moon it will be because the currency is tanking. Why would I convert the intrinsically valuable PM's into a tanking currency?
I agree, 100%
Agree also , keeping my stack for the next paradigm whatever form that my take .
A "tanking currency" is what causes "PMs" to "shoot the moon" (that phrase is generally used in the various varieties of the card game "Pitch" to "bid" the maximum points in one "hand" possible AND win the entire "game" in one hand or "lose everything" if the "shooter" doesn't make it and goes "set" whereas "skyrocket" refers to a huge increase in the "price" of goods or services due to a supposed increase in "demand" and usually right before the "market" goes "bust") but yet even though "PMs" are bought and sold by "investors" at a "price" invariably determined as some "volume" of the so-called "fiat currency" they're supposedly "worth" when the "currency tanks" the "value" of the "PMs" formerly priced in that currency and "pegged" to it won't "tank" as well?
Seeing as how 1 "USD" buys every bit as much gasoline or groceries or gun as it did 10 years ago or MORE and that means "inflation" of the "USD" is not a factor in the huge "moon shot" of so-called "precious metals" - which in the case of both gold and silver "peaked" years ago and then "crashed" when "supply" suddenly "spiked" and have only "recovered" since "stacking" has become "investing for dummies" too young to remember the last "financial crisis" because Mommy and Daddy were paying all their "bills" - and that instead of "precious metals" increasing in "price" due to a "weakening dollar" instead its the decreasing "value" of "precious metals" in a world where "luxury items" like gold jewelry, solid silver tableware etc are no longer "valued" like they used to be, I think you "stackers" are in for a rude awakening no matter WHAT happens as far as "global economics" and the "value" of the "USD".
If you LEARNED any "history" instead of just repeating that "store of value" and "never worth zero" and "hedge against inflation" going back "centuries" crap, you'd know that until there the "USD" was created and that "precious metal" gold and supposed "precious metal" silver became "fiat currency" as U.S. coins with "face values" approximately "equal" to the "hourly wages" of the men who mined, refined and minted them into coins - the hardest, hottest, most dangerous and "riskiest" manual labor in "America" then or now - and the "value" of those "PMs" HERE IN THE U.S. WAS DETERMINED BY THE SAME THING THAT'S ALWAYS "BACKED" THE "USD" AND ITS "FIAT CURRENCY" - THE "HUMAN CAPITAL" THAT ACTUALLY PRODUCES "PHYSICAL" GDP, THERE WAS NO "GOLD PRICE" OR "SILVER PRICE" AND THE "PRICES" OF THOSE "PMs" TODAY ARE DUE TO "CURRENCY TRADING" AND OTHER "INVESTMENTS" THAT HAVE TRIED BUT FAILED TO "DEVALUE" OR "CRASH" THE "USD" AND THE U.S. "ECONOMY". A "DEVALUATION" THAT VARIOUS "ECONOMIES" AROUND THE "GLOBE" DESPERATELY NEED TO AVOID "COLLAPSE" BECAUSE THE "GOVERNMENTS" OF THOSE "CAPITALIST" COUNTRIES THAT MANIPULATE THEIR OWN CURRENCIES AND "TRADE" CURRENCY "PAIRS" THAT INVARIABLY PIT THEM AGAINST THE "USD" AND "RETURN" USD HAVE CREATED TENS OF TRILLIONS OF "USD" THAT DO NOT EXIST EVEN AS "FIAT CURRENCY" AND THAT THE U.S. "CENTRAL BANK" COULDN'T "MONETIZE" IN A "CENTURY" OF
NON-STOP PRINTING OF "PAPER MONEY" AND WOULDN'T HAVE ANY "VALUE" OUTSIDE THE U.S. "ECONOMY" IF "AMERICA" DID FEEL OBLIGED TO "BAIL OUT" THE FINANCIAL/CURRENCY/ECONOMIC "CRISES" ITS SUPPOSED "ALLIES" AND "PARTNERS" HAVE GOTTEN THEMSELVES IN "SHOOTING THE MOON" BETTING AGAINST THE "USD".
YOU THINK A "TROY OUNCE" OF "PURE SILVER" IS "WORTH" 15 "USD" AND A TROY OUNCE OF PURE GOLD IS "WORTH" 1400 "USD" OR ROUGHLY 3-4 TIMES MORE "USD" THAN A "DECADE" AGO?
I THINK THAT UNLESS THAT SILVER OR GOLD IS IN THE FORM OF ACTUAL LEGAL TENDER U.S. CURRENCY "CENTRAL BANK" FIAT CURRENCY U.S. "SILVER DOLLAR" AND "GOLD 20 DOLLAR" COINS, ITS WORTH 1/15TH OF 1 "USD" PER OUNCE OF "STACKABLE" SILVER AND 1/1400TH OF 1 "USD"
PER OUNCE OF "STACKABLE" GOLD.
ANYBODY WHO CONSIDERS SILVER "WORTH" JUST OVER 1% OF THE GOLD "SPOT PRICE" TO BE A "PRECIOUS METAL" WITHOUT A CLUE WHY IS AN ECONOMIC IDIOT EVEN A "GOLD STACKER" LOOKS "SMART" IN COMPARISON TO BUT BOTH ARE THE POSTER CHILDREN FOR THE "PROVERB" ABOUT FOOLS AND MONEY SOON PARTED.
Bingo
The dime for a gallon of gas, or ounce of gold for a nice suit over time , really help describe that function.
I don't care about the prices because all fiat currencies fail including the dollar.
Indeed, but the level to which they diminish is different and a total failure is not going to happen.
It's real money - in a world of fake money.
Yes indeed it is.
@OldPossum In Oklahoma, it is considered legal tender. It can be used to purchase goods, groceries. Other states have adopted this form of payment also.
gold and silver are highly undervalued relative to how much fiat is out there. I believe they can go up a good amount without a massive economic problem. Most people just don't really know or understand stacking and that's the biggest thing holding it back other than manipulation of the markets.
I've bought regardless of price for 40 years, I seldom give it a thought.
@@chrispyd603 SHIT LOAD OF AMMO CANS STACKED IN GUN SAFES, IM NOT SURE.
I agree! I've been buying a lot of silver over the past two years. I think it's still grossly underpriced at $17/oz. When I have extra money I just buy at that day's rate and feel really good about it 👍😁
You have a great outlook it seems, thanks for sharing!
It does seem cheap isn't it?
It's over $18 an ounce now
It depends because I bought 50 coins of Mexican silver coins libertad and they cost me $60/piece
@@nelzelpher2088 Compared to 1980 prices yes :)
I have collected silver coins of all types since I was a kid. But now I’m really thinking about silver in a whole new way thanks to you. Thank you for posting.
Great to hear, thanks for the feedback!
Better to buy silver them going to restaurants. That's what I do.
I agree, saving money is a great idea.
I treat myself at restaurant once in a blue moon,rest of time I’m in crypto and metals.I was one the first bitcoin guys in 2009.Also helped launch London first two way Bitcoin cash ATM.
THAN going.
correct. buy more silver. well done.
Good thinking
I watch silver prices daily, more importantly I watch them on friday at 5pm est thats when the forex & commodity markets close. I watch to see if silver price has taken out the previous weeks high. This is usually a good indicator to determine whether prices will go be going higher in the coming weeks.
Thanks for sharing your thoughts, i too check the prices at the end of a working week l, nice to see where things have ended up!
The price of silver on a forex or stock account is moved by traders trading on that instrument I don't think that any physical silver is bought or sold. So the price is decided by how much money the traders have to push the price one way or the other. Just a thought.
Paul Sharman
I’m a trader and yes ur absolutely correct.
Trading gold and silver in the markets can be extremely profitable, do that properly make the money and then put it all into actual physical gold and silver and hold the physical metals for the very very very very long term.
I'm counting on an international economic crisis. It seems like a mathematical inevitability.
JTib
You forgot to carry the 1.
@@gregblack2628 Oh? Do tell.
At this point it's never going to happen. Central Banks just keep making fake money...
@@eastonwilliams1722 How does that prevent an economic crisis? What you said should speak it the inevitability of the crisis.
@@jtib5968 LMao, Fiat money is debt
Silver is the money. I have a million fiat dollars in my safe. By the way they are Zimbabwean. Get my point.
Plus as for the pirate governments if you don't tell them they don't know you have it.
I have 300 trillion Zimbabwe dollars, bought them for less than a dollar.
But they have become collectable and hench they hold a much higher value today.
There is a chance of similar thing happening to the Venezuelan bills..
so there are a few opportunists that have jumped on that train.
Thanks guys, I have a new Idea now 😃
Guns and ammo can get you a lot of silver
@Mario Salinas as a prepper the way i look at it us as a long term prep. Ive got the firearms and plenty of ammo, ive got the stored food and heirloom seeds, so now its time to get the gold and silver that I'll have for the point that society would be rebuilding itself. And hell who knows. Get enough gold and silver and eventually if you have a SHTF community thats grown to 1000+ people than you can start making your own coins for the market. Put your own face on it and you have your own little kingdom. And if SHTF never happens, than I'll hopefully have a small treasure chest for each of my children ya know
100% correct. The silver and gold hold the value, the money is simply buying power. People have a hard time grasping that.
Thanks for sharing your thoughts!
correct. silver is where the real money is. buy silver. fast. great.
Your thought strategy is spot on. If silver "shoots the moon" w/o a fiat currency crash; there will be no buyers that would take a chance on a purchase at that high price whatever the moon price becomes. Better to sell a portion as the price rises to the moon and retain say 2/3's of our physical holdings.
I buy EVERY week. Dont look specifically at spot price, I just order 5-8 coins every sunday. Consistency is really the key for my strategy.
Will also make additional random purchases as funds allow, but the weekly silver order every week.
For my new strategy percentages I generally look at ASE 40%, Other coins 20%, and then 10% each of premium, generic, bars, and gold
just wait till you see the premiums on eagles in 2022
I see the price "shooting the moon" because of manufacturing demand. Unless some one finds a good way to recycle all the silver that is lost in landfills.
Correct: when silver shoots to 100 $ per ounce, a bread will probably cost 25 $, so purchasing power in fiat currency is gone. But on the other hand: one needs to eat so perhaps you have to sell your silver to stay alive.
Yes indeed, it's financial protection for your buying power, that's all
Agreed. Some folks think buying gold and silver will eventually make them rich when the price skyrockets. But everything will cost a lot more too. So in reality, they are not rich. Gold and Silver only preserve their current purchasing power against a collapsing fiat currency.
A man's got to eat.
You guys are missing something. Buy land now. I just bought a couple of acres last week. I know it's easier to say than do. But, i bit the bullet and did ut. I believe it will pay off in the long run. Grow your own food. At that point at least you don't have to be concerned about the that expense.
Barter it, not sell it.
"Global Catastrophic Event..." Date: Aug 21, 2019...... 2020 ---> Let's take a ride!!!
Yes, I agree it's a shitstorm of a year. We will see what happens with silver.r
On heavy metal... It's the only way that you can travel....
Silver price will equate to the dollar or pound, so we can't win, just hold what value we have. But that will give us a leg up on those who don't have silver and gold. So that is a win!
It will always be relative to your own buying power of the currency you have in your bank account - unless you think that the US $ will become the next currency of choice in the local supermarket!
I personally think that you have the correct way of thinking.
Backyard Bullion nah.. soft lavatory paper will be worth a fortune! Silver and gold will just weigh you down (never mind the weighing down of the massive stockpiles of TP ... at least you can clean up the S when SHTF😂)
@@mikelang4853 Wood pulp used for tissue making is cheap. Trees are everywhere.
I have no "exit strategy". I stack silver for when SHTF.
Exactly. I'm a lifer.
I'm not against flipping my precious metals, but it's really not the primary reason why I'm stockpiling it. If platinum or gold go up to 3,000 a troy, I'll consider trading. Depends on if I think this country can recover or not when it hits those price levels. If not, obviously I won't be selling. Being an unguided missile in an ever-changing world is a bad idea. Be a smart missile. Keep an eye on the terrain as you travel over it.
well done. silver has exploded. you can make lots soon, great.
Not yet
What are you gonna do with the money once you sell it?..
a silver dime was at one time worth a day of hard labor
The world has changed quite considerably since then - but it is a great demonstration of how currencies devalue over time! What do you think a dime will buy you in 100 years time!?
WHATEVER YOU WANT,we are running out of a substance that saves life,is 2nd best conductor of electrical energy in the world,there is 134 lbs of it in every cruise missile ,the main use and value is solar energy,free electricity
@@strattuner, a minor correct. Silver is the best electrically conductive metal. And, the most reflective metal.
its 2nd best after AU,gold,is the best conductor,it doesn't tarnish or oxidize,at all,throw it into a mudpuddle,come back 10k years,it looks the same,they use it for wiring satellites only,silver is my metal,i like it,i've been collecting it in various forms for 55 years,its value means nothing to me unless it goes astronomical in value then I buy a motel
@@strattuner , not to be a stickler, but I just double checked. Gold is the 3rd most conductive. 1st is silver, 2nd is copper, 3rd is gold. However I agree, gold is much more resistant to oxidation and chemical reaction.
For me the silver is a saving mode against the devaluation of the money, and a beatiful way of money.
What is silver’s return. Average 10 year, 20 year, 30 year.. if you invested each year? You will be shocked. There is a reason hedge fund managers don’t buy and hold silver for long term.
Well indeed - this is why I view it as a hedge and wealth protection - its not about a numerical return for me.
If I had a silver eagle for every time I saw this tired old comment I'd be rich.
@@victorialadybug1 Do the math and proof them wrong.
Jp morgan have decided to take massive physical hold on silver in the last couple of years. Are times changing?
I'd bet that most hedge fund managers in the know do hold gold in their own personal vaults. For their managed funds, they compete with their peers, and would often under perform when measured in fiat dollars, and would therefore lose customers. In a world with experimental monetary policies where everyone seems over leveraged and over indebted, it makes sense to hold some of your wealth outside of the system. Maybe we won't all turn into Venezuela, and maybe there won't be a massive war where all governments print fiat dollars into oblivion, but it is a risk that most would be wise to consider as a possibility.
These days, options are disappearing for ways to get real yields on savings that outpace inflation, without oversized risk of default. In this environment, the opportunity costs of holding gold are very low, and you'll probably see more hedge funds buying metals until things change. Something is seriously wrong when trillions of dollars worth of negative yielding bonds exist and are purchased. Either people are expecting massive deflation, or they are being forced in one way or another to hold these bonds. I just see them as pulling money out of a system that for the average debtor, requires there to be an ever increasing monetary supply for them to be able to pay off their prior debts plus interest. The liquidity crunch will likely be solved in the short term by massive government fiscal spending deficits. Maybe this along with demographic shifts will result in the opposite of what we've seen over the last twenty years, with a slow deflation in asset prices. The problem with this is that governments can't tax deflation, and don't seem willing to allow it to occur. They will spend until the deflation stops, and who knows if they will be able to reverse course without a new great depression. There are a lot of unknowns here, and I suspect that those in charge aren't even sure how they can get out of the situation without massive upheaval.
To sum up, I'm not sure what to make of what seems to me like monetary insanity, but I can understand that gold and silver are more likely to hold value over the long term than a paper promise from a government that doesn't seem to have a long term plan to honor its obligations. Maybe it won't turn out to be the best savings vehicle, but in this world, it would be irresponsible not to keep at least a portion of your savings in something real, if you have the option.
Why wont anyone ever talk about where the price comes from? It's by decree. Fiat. Determined by same people who print paper money. Trading papers that represent metals. Many times more metals exist in that paper form than a actually exists as mined and what is left in the crust. Why won't anyone talk about this???
@Thomas Borisov The same people who put a value on fiat currency put a value on these metals, too.
Silver and gold have been money throughout history and have been used to transfer and store wealth for thousands of years before fiat was even an idea.
Not only are these important factors, but every fiat currency in history has eventually gone to zero. It seems like the price of metals is based on the amount of fiat they're "worth", but, really, 1 gram of gold has been worth 1 gram of gold forever.
Since the dollar decoupled from a gold standard, the price of gold hasn't gone up. The price of the dollar has simply plummeted.
Just bought my first piece of silver. Right now, I just want to play around with it, and learn. One goal I do have, is I want to get at least one piece of gold, platinum, and palladium. Just because I want one of each. So if I see a profit to be made, I'll make it, then turn around after the price drops, and buy more. Eventually I'll get those pieces I want.
I just make profits again and again on silver, checking the price chart every day. Have never had a "losing trade" on silver because it has never gone to zero. The profits are generally 4-figures or 5-figures each. All it takes is perseverance, a good plan, and knowledge of silver price behavior and technical analysis of the price charts.
I believe that there is benefit in holding silver, whether it be an increase in numbers or preservation of wealth.
Do you trade paper silver? Or do you buy physical and trade it back in? I have silver up to 30$ next couple days then 14$ in April 200$ in 2025. Good trading!
@@2nd_Exodus Mostly paper.
I have a mix of silver in my portfolio some just as silver like my maples and junk coin jar and some for other reasons from .500 sixpences for wedding favours and my 100g Metalor bar on my necklace, I don't worry about what I pay as long as it isn't way over the odds so my maples were about £18 each and I would probably only trade for them rather than buy them unless I could get them for £15 or less and the Metalor bar might get upgraded at some point but my other stuff I will keep buying as I get the junk for close to spot and have bought the sixpences under spot so far
Thanks for sharing your thoughts and experiences Jamie - very interesting stuff and its great to hear you giving silver away as wedding favours!
The price of silver doesn’t matter because dealers are charging a 50% premium
Yep, that is now a factor that was not here when this video was made!
Where I live, silver is taxed. Gold is not. You automatically pay a ~20% premium on silver, because of this.
louisvl10 In Cali, purchases of Silver $1500.00 and over are not taxed. Wow surprising.
Your logic about holding for long term & wealth preservation runs along the same lines as my own. I'm not selling - buy and stack when the mood strikes me. Good video - thanks a lot.
If there is a catastrophic event
Then the fiat is worthless.
Buy, enjoy, keep it till ya need it. Oh yeah, it makes a Great gift. Everyone appreciates it, few take the time to acquire it.
Watch the faces when you gift it😳😊‼️
I agree, its the value of fiat that makes the difference. Makes a good gift too!
money system has all but now collapsed. so buy silver. you will get rich. great.
I also would only sell a partial amt. of my BU silver as stated but retain all of my constitutional silver - pre 65 dimes, quarters, halves, and silver dollars.
Interesting video, I have always thought of my silver as either art or a collection. I’m not a stacker and think of my holdings as savings. I don’t trust financial institutions and with banks offering no interest I’d be happy enough to break even when the day comes to sell up. I plan to enjoy collecting the items that appeal to me and hopefully won’t need to sell up for some considerable time. Let’s remember spot price is manipulated and is only meaningful at the moment of sale/purchase. 👍🏼
Thanks for the insightful comment my friend - we are of similar mindsets I think :-)
I share your sentiments FM. I see my lot as a small hedge and a diverse savings hold. It's there when the time comes should I need to, if not the longer strategy is that it's part of my pension and that's when I'll really consider cashing it in.
@Backyard Bullion What are your thoughts on the price of silver now? Do you think Gold could go to 10,000 an ounce now?
I don't think gold will go to 10,000. I think metals will go up but not that high.
Just did a check on Venezuela to troy oz and its 4,339,098.12 so if it shot to 1k and you liquidated everything youd still be um, boned.
This is probably the most cogent view ever expressed on silver’s real life purpose. I can totally relate as a fellow panic buyer after the 2008 crash in the USA. It just takes a few years as a stacker to grasp the ideas you are laying down here.
Really great to hear your feedback, it is something I have learned over time.
I would just add that we are moving towards a competitive currency depreciating environment and hence it's not improbable for fiat currency to implode - timing is anyone's guess though :)
If people knew the timings then we would all be billionaires!
Learn a bit of Tech. analysis, and apply it to Gold and Silver.Can give you guidance on when to buy or sell,if that is your bag. I prefer to hold the metal and gamble for profits with the Jr. PM miners, like EXK,MUX,SSRM,AXU,AUY,HLSAND. SSRM was up 7.5% on 8/23, on a great rally. The little portfolio was up almost 5%, but I have no intentions of selling yet. When I do take a profit, I buy physical with the money. Who wants fiat? name of game is to get rid of it! Case of canned corn beef anyone? Skid of toilet paper? case of Peanut butter?
Those perth mint dragons are so lovely
The only problem with your theory is history says you’re wrong. The US is the world reserve currency and it dropped the gold standard in the 1960s. Things could change over night so my opinion is to have precious metals on standby. Not lots, but enough for some bartering if necessary. The most important thing to stock up on is food.
Nixon, 1971.
I watch the silver price daily. I do not wait to buy, but I do shop several companies for the best price that day.
I do the same
Agree with much of what you discussed here. There are so many other regurgitating the $500-$1000 oz silver. While I do believe silver is undervalued, I personally think that silver will very likely remain south of $50 per oz. it could hit $60-70, but even that isnt very likley without a significant deterioration of the value of the dollar...which is possible, but it then wouldnt actually reveal the value of the silver as much as a decrease in the value of the dollar.
I check spot every few day, but it doesnt really have any impact on my personal strategy
Thanks for sharing your thoughts! It's a very hard thing to plan for - but sounds like you have the right mindset
I only look the day of my purchase and accept premiums because this shi* is addicting!
Probably the best way to.go about things!
Yes verry addicted
What happens if Silver does sky rocket in $$$$$? Because of the supply & demand factor.
And everyone including me sell our stacks, at the same time now there’s abounds of silver available. Will the price’s drop back down?
Correct me if I’m wrong but a few decades ago there’s was a family whom bought & stored 1/3 the world supply of silver. The price went through the roof $$$$$ & they sold it all what happened to the price?
It will be a hard situation to release money quickly that is for sure.
Also the loss of silver I’ve watched a few videos where the gentleman uses nitric acid and hydrocloric acid to eat away the silver to get the gold in it.
"There isnt enough gold and silver in the world..."
You could cut the total world supply in half and there would still be enough. It all depends on what price/value they are set to and the backing ratio.
Not saying that this will happen, but world supply isnt the reason why it can't/won't
The backing must be 1 to 1 CONVERTIBLE! or it would be meaningless.
i collect coins and i stack.
sometimes, numismatic products can double as stackable material.
but no matter what, trading fiat for intrinsic value is conversion & savings.
i don’t particularly worry about the phony paper prices on wall street. do you know how many paper contracts there are for every available oz of physical silver? i’d rather not play musical chairs, i’d rather have physical silver.
and gold.
I heard you can by the same amount of stuff today as in the past with gold and silver. When Gold used to be 20 dollars a oz everything was dirt cheap. Is it the dollar that fluctuates not the gold or silver?
Totally right, its the gold and silver that hold the value and fiat loses value.
Silver will rise more and more because of our tech sector in all economies silver in electronics are almost unrecoverable so tons of unrecoverable silver are sitting in landfills unlike gold which can be recovered and not destroyed
The way I see it silver is not acquired to trade back into currency. In the world I'm waiting for precious metals becomes currency. The value of Fiat currency may rise and fall but in the end it's valued at 0. Precious metals have never been worth 0.
I am torn on the price of silver and gold. On one hand I want it to remain low so I can buy more of it for my money. But obviously, I also want it to increase in value so I can make a profit. So, right now, I hope to be able to buy a lot of it before prices start to go up. Do I think prices with shoot for the moon? Well, I think that 50$ an ounce is very possible. I think it's just a matter of time. After that, will it crash back down or will that become the new support? I have no idea. My goal is to sell half my stack (the low premium stuff) once prices double so I get get back all my money. If it goes to tripple I will sell half of what I have left and will keep the last quarter of the stack unless something very wild happens. What I do with the money will depend on the price of gold. If the ratio has shrunk to the 50:1 zone, I would just convert all the money to gold. If not, I would sit on it hoping for the price of silver to sink back down to purchase more of it with the money.
The rises we have seen this week are a little annoying as I was hoping to make a purchase but I think holding off will be fine.
I'll never sell my silver. If it happens to become priceless, I may exchange it for gold, land or a precious woman.
Interesting way of thinking!
Buy the land, the women come with it
@@zoraster3749 Or at least some pretty sheep.
I'd like to buy some physical silver, but the instant loss at the dealer makes that the opposite of a good investment. The premium on coins is just silly.
But I am watching closely for entry point to a silver ETF.
Yeah, that is why gold is so much better
What's the spot price of metals today?
Doesn't matter if you don't have any.
Very true
Absolutely agree with just about everything you said. Personally, i am beginning to use silver as a method of locking away capital in a monor that keeps me from too easily spending it on frivolity. I like tangible silver as a vehicle of safe keeping because of the relative "control" i have
Its a messed up situation cause the reason it would skyrocket would be because economy has failed and the dollar is worthless so things would be really bad
Yes indeed, it's going to be a mad Max scenario
@Cosmic Dissonance Gold and silver are noble metals. Both have uses in the industrial sector and health industries. They are not worthless but eventually could be replaced by new technologies. As far as the dollar goes, I had the best unforgettable steak dinner last evening and the restaurant excepted my cash.
Im not so much a stacker rather an appreciater of art and on that merit alone is my reason for enjoying byb and another journey that i love and hold in my my life 😃.
Correct - it is a long term storage of wealth - so that you can either barter with it, or convert it to a more usable, stabilized currency after a possible catastrophic event (war, famine, etc.).
However, DURING a scenario of catastrophic event such as a War, or a true mad max collaps as mentioned in comments below, you might be better off having invested in other precious metals such as copper or lead in the form of bullets / ammunition, or perhaps long term storable foods, or barterable commodities like alcohol.
Silver & Gold are good long term stores of wealth, which is true - but they're really only useful once the dust has settled and things have returned to normal. A good example is the late 1990's Bosnia / Herzegovina war. DURING the conflict, food, weapons, ammo, alcohol, and toiletries were of immeasurable value. AFTER the conflict, once things re-stabilized, a quantity of silver or gold would have allowed preservation of wealth, which could then be converted back into a usable currency.
Thanks for sharing your thoughts on the subject!
I'm not really stacking more just adding to my pile of silver my reason for lumping it together is coz I want to sail the world and silver regardless of what country I'm in is money where as fiat money / digital money isn't always interchangeable acceptable
I'm with you there, it's just a different way to save for me..
Being here in the uk, it can be a pain to get good prices.
Where/whom do you buy from in the uk ?
Get yourself onto the silver forum. The answers you want are there.
Do you have access to APMEX in the UK? If you search the site you can find some okay deals. I like the convenience and free shipping. Last $10 roll of US silver quarters cost me $132 USD with silver at $17/oz. If I could wire or use Bitcoin, it's cheaper.
I've bought over a 1000 oz of silver from www.silver-to-go.com they in Germany, delivery is usually 2-3 days via UPS and there pricing is very good and no customs duty to pay.
@@neilbedford2756
I'll go check them out too, because it's a kilo I'm looking for, at a good price. Cheers, mate.👍
I'm brand new to the idea of stacking, *but* I think if the silver or gold price ever shot up ridiculously, I would never "cash in" my metals. I would instead buy real estate with it. I'd rent the properties out and accept whatever the valued currency of the day is for rent.
I think that real estate is a very good long term thing to hold. I see gold and silver in the same category, except they dont produce you rent over time. Having a diverse portfolio is key.
Silver will be used as barter..I’ll never sell for a fiat currency, only to trade for goods.
Sounds like a good plan, but the world runs on Fiat currently
Another reason why silver will never shoot a hole in the moon.
Is because people will think of "Cashing out" when see their silver being tripple worth.
Hench inflating the supply and lowering prices on silver. This ofcourse does influate
the industrial market aswell. Gold however which is much more stable, and not as
commonly kept due to its high value. Which is more of insurrance, can steadily climb higher.
Which it has, and has been increasing its gap to Silver.
It is also not as "Cash out" thinking regarding gold.
And it attracts investors/savers like the ring of Sauron.
1. How do you deal with the spread from the dealers? They seem to take a deep cut on buy and sell.
Try to find a dealer with the cheapest sell price and the highest buy price. Or, go to the private market.
I always found that going to your local coin show by searching google is the best way. Often times, 10-15 dealers will attend each show and you can comparison show table to table to find deals over spot
I’m not sitting in expectation of silver reaching prices in the thousand or thousands, I do however believe firmly that I will see silver hit three digits.
I enjoy buying it & I enjoy holding it & the beauty of the designs shapes & sizes.
To me it’s a hobby that may just one day deliver a nice little sum or may not but it’s certainly a safer bet for a return than someone who puts that spend into their local whetherspoons for example.
you nailed it, I'm impressed.
Thanks!
I agree with your thinking regarding metals as a 'safe haven' (asset lock) but would add/suggest that gold and silver could see the rises some suggest given that technology (nanotech - fine slicing strips and bonding) could reintroduce metals back into global currencies (some if not all as a reserve currency possibly) which would make sense only/if the values soared from today's levels. It's not really about what gold/silver represents, so much as how commercial paper has been exploited to such an extent that it appears to have already exceeded its shelf life. If (when) a reset comes - then gold and silver will be the only game in town (well past the moon...) cover 'Uranus' might be a better term
Definitely stick to your strategy, just move 10 Oz and over at the moment if anything. Just keep accumulate as much as fits your budget.
Once the robots suss nano technology. They may make you a grate deal.
Thanks for sharing your thoughts!
You're touching it with fingers + it has contact with the air. It will damage and corrode in time. They'll only buy it from you for the melt value later, that's considerably lower price. Have you thought about that?
Silver will not corrode from finger prints, if it does it is not real silver. I really don't care about this kind of thing for these types of coins anyway. Melt value is what most dealers will give you for premium coins anyway so it makes no difference really.
I have a sack of coins from my parents from the 1900’s up.
No problems,circulated, but still ring when ya flip em and pretty shiny too.
That's some nice dragon bars👍
They are very nice aren't they!
It’s just a cool way of preserving money for me .much better to get the silver and gold out and play with it for a while rather than looking at a screen telling me how much money I do or don’t have in my bank account. And shadow stacker seems to think 10k gold oz never gona happen.
What you seem to have missed in the news was that mid December over 10 individual from one of the BIG banks, and I think it was in Singapore, were arrested and indicted for "fixing" gold and silver prices, since then both have seen small but nice rises in "scrap" value.
There is no doubt that there is a lot of manipulation going on, thanks for sharing!
I am interested to more.......please post more details or where i can read about it
@@cuijodog1428 best I can tell you cuijo is use a search engine like DUCK DUCK GO and search for gold fixing arrests, I know if you try on google, you might not find it.
I know we aren't meant to get ahead so we probably won't. But wouldn't it be great!? At least I'm in control of my savings now. Only thing that can make me sell off is to trade in for gold or pay bills when I've given up working. Until then I'm buying!
Well, its all relative. If you want to you can play the short term flipping game, but what is the point unless you are going to use the money!
I appreciate your rant and I am pretty new to silver stacking. I would be interested to know where your background comes from? Why do you state these opinions?
I have a business management background - I just like to think and talk about silver is all!
Thank you. I'm subscribed. What a great adventure this is into precious metals.
today
1 Silver Ounce = 4,445,947.37 Venezuelan Bolívar Fuerte so if you do the math that mean little over 200 dollars
1 oz of silver is still worth 1 oz of silver though.
This video finally kind of made things click for me with respect to the utility and value of physical possession of precious metals. Thanks!
Glad to hear it, thanks for stopping by and commenting!
I play the lottery and whatever I win I spend on silver that way I am at least saving something.
You win the lottery often to make a profit!?
@@BackyardBullion no
Every day I watch to trade the gold market to day trade. Gold can fluctuate $1,000 within a day. They trade it up so they can trade back down again within the day for example, so you never see those price swings at the close of the day. Silver can fluctuate with wild swings as well. It would behoove you to pay attention to when you buy during the day. Watch a chart in real time and get it at a discount!
Like many comments I use my stack as a savings account. I watch the daily price because I like to see my savings grow by hundreds of dollars vs the $0.02 my bank was proud to tell me my savings account there earned. Really, that was on my last bank statement.
It's certainly a better return than a bank account for sure!
We take loss at the time of sale only if we overextend our purchase amount and have to sell (just like many other investments). Still I like to push it.
Silver price does matters for us silver stackers !!!!
Nope, just keep on stacking that silver!
but cheapers better...lol. Get it while it's cheap baby! Wish i had more money. I'd buy more silver.
@@timothylongmore7325 you dont have money to buy more but you like it to bee cheaper ?????
New to silver. Really enjoyed this video
Excellent, thanks for letting me know!
I also don't believe silver price will shoot the moon and I stopped arguing with those who think it will. Let them dream...It's kind of rude to wake them up while they're drooling with a smile.
Let people think what they want - but I won't formulate my planning and buying around a premise that is so unlikely that it is not going to happen. Thanks for stopping by and commenting!
@@BackyardBullion mate I am UK resident here I need advise on two questions please help.
1. Is it better to buy silver monster box now or little by little.
2. I came across in your silverform a website that sells vat free silver bullion because he is private dealer. Is this safe? Will I have to pay any vat in future
@@precociousdeathdealer202 you should buy what you can afford. Buy your silver from The European Mint, it's VAT free.
@@BackyardBullion what about shipping and exchange rate fees. I heard you have to pay in euro for some reason. I'm trying to buy 1 monster box of Britannia.
@@precociousdeathdealer202 Had a quick look on European Mint, monster box comes up as just under £99 delivery. You can pay in £ but as they only have a European bank option you might get charges for the bank transfer (4% Paypal might be a bit big for a monster box's worth!) - GoldSilver.be have a UK bank to avoid the foreign bank transfer fee issue (some people have had issues but I've not had any in my small amount of orders)
Good discussion BYB, thank you
Thanks!
I just like it because it’s shiny
Probably the same reason as many people!
I think you are 100% correct. There is very little will make your money back and the long term goal is the point of most stackers.
Totally - its good you see it my way!
I check the price once a day so as to gain a long term perspective on it's daily fluctuations.
I don't trust banks or stocks... I'll not have (all) my money existing as 1's and 0's on a computer "somewhere."
The national/world monetary system is doomed to fail one day... gold, silver and lead are real, those pieces of paper in your wallet are not.
It's a hard thing to think about that your money doesn't really exist, its just numbers on a screen!
spg77777 I like your way of thinking about fiat currency just being simple digits and I myself like to own gold and silver but lead? I’ve heard some people talking about copper maybe be a reasonable metal to invest into? I myself wouldn’t even buy copper! But hearing people talking about buying lead is a first for me. I’m not saying that buying lead is a bad idea, like I said it’s just a first for me personally. Do you stack a bit of lead yourself or is it just something that you have heard of?
@@ChronicCraftsman heh heh… lead = bullets. ; )
spg77777 oh yes of course, I can’t believe that I didn’t think about lead like that. I actually own two pcp rifles myself and often go out shooting rabbits and squirrels on the farm that I’ve got permission to hunt on. That’s it I’m going to start stacking some lead, at least if the shtf I can provide food. Thanks for the tip.👍
You said it man if you're trying to get rich quick then I cannot relate to you with so it is a assets that should be thought of as at least 10 years into the future in my opinion it should be stacked not flipped, love your video nice shot some 4knines silver my question to you therefore is do you think there's much difference in .999 & .9999, I think it's really interesting American silver eagles are slightly cheaper than Maple Leafs when maple leaves are slightly more refined I know it doesn't make a big difference when it comes to the value but do you go towards one of the other? I mean I love 35% 40% 90% .925 .999 % etc. lol all forms but ya when buying do you gravitate towards one more then the other? Thanks backb!!
If you think silver and gold will make you rich, then you are wrong. If you think silver and gold will keep you rich, then you are right! Personally I don't see much difference between 999 and 9999 silver - but it is nice to have it as pure as possible if I go to melt it down to make some bars, it certainly looks very clean at 9999 - but for coins not too bothered. Personally, unless it is a silver coin from history I would always go for 999+
Is there anyone who's buying silver just for the heck of it, as we buy clothes, watches, extra pairs of shoes, and useless stuff like lollipops, popcorn, gummy bears etc. OR AM I THE ONLY PERSON?
Masum Khan I do to..😂😂😂
Where is the best place to purchase silver coins in the UK?, I have only just made my first purchase this week of 3 x 1 oz coins from Royal mint but with their prices and vat they worked out at £21 each which is well over the £13-£14 value per oz, any suggestions
Honestly, the second hand market on www.thesilverforum.com where you can get silver £15/£16 per oz.
You say unless of a “global catastrophic event” eh? 🤔
We might have just that here in March 2020 😂
Very unlikely to happen 6 the ago, looking pretty likely now
i dont get it - silver prices though seem to go down during a recession, as it just did so how is this an savings strategy in those times?
@@chukah9484 affordable now, but also it depends on your long or short term strategy, i'm looking for the gold/ silver ration to close up along with the fiat currency to goto 0
I don't care for the price of silver either. I'm addicted to buying coins (Australia, Canada and many others). Every week I indulge myself. Some people go and get stoned with beer. I get stoned with a fresh coin a week.
You know we're going back to the gold standard right? And you know silver is massively undervalued (historically speaking) and the ratio between gold and silver is a gap that must and will be closed? And you know there's actually more gold available above ground than there is silver, and that silver is much harder to recycle and gets soaked up by industry, and when the supply (mines) can no longer meet the demand, industry will turn to private investors? - It's never been a matter of IF gold & silver moons, but rather when.
Sorry, going to totally disagree here - we are not going back to the gold standard and never will, it's a fantasy and one that would cripple the economy leading to the destabilization of the western world....why would they do that!? They won't.
@@BackyardBullion Lol, but the legislation is already in place. It's a wealth transfer, all by design. i'll get back to you in few years. Don't worry, you'll see =)
Good video anyway, bro. Always been a fan.
Ok, we will agree to disagree! See you in a few years and one of us can eat humble pie 😉😉
@@BackyardBullion Yeah, one of us will. Just let me know if you like your crow well done or medium rare :P
Nations cannot and will not live within its means, therefore a gold system is not ever coming again.
I buy 1oz silver round online every week, I buy what I think is cool I'm not selling it, I plan on giving it too someone I love when I die. I'm willing to pay what's it is worth to me I check spot before I buy and I'm usually searching online during the week so on payday I am already aware of what I want. I study this subject to be wise about it. Who's to say what any 1oz silver round is worth to me?
Thanks for sharing your thoughts, it's swings and roundabouts and spreading out purchases is a great way to protect