Here's WHY It is NOT TOO LATE to Start Stacking Silver!
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- čas přidán 20. 08. 2023
- Have you ever wondered if you missed the boat on silver stacking? In this video, we explore why it's never too late to begin accumulating silver. In fact, there are instances where starting earlier may not have been the best move! Dive in to learn more about the right time to start your silver stacking journey.
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Why It's NOT Too Late to Start Stacking Silver!
• Here's WHY It is NOT T...
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Exactly why I love your channel! No fomo, No fear mongering, just down to earth information and a love for silver! (Plus decades of experience) Keep it up!
Agreed. I unfollowed the sky is falling guys.
I'm trying to retire in 10 years. My 401 and Roth are tanking or flat so I 've rerouted some money to physical precious metals. I figure it's good to diversify. You speak Truth, God bless.
Wise Man!
Good strategy. Your best bet to get back your losses and make significant gains is crypto and tech equities. However you’re about to retire so you can’t play that game, too risky a gamble. Are you looking at miners? The right ones will pay off more than the physical metals if gold/silver gets repriced.
Near zero risk 5.5% money market accounts these days. Silver has lost ground to the dollar for 15 years as shown here. Doesn't even include the immense transaction costs of physical silver
@@aaronschen9896 Depending on how you interpret this video it definitely could make you think buying silver is poor financial decision. I do believe there is a time and place to purchase PM's just not now. Still to early.
@limbuel not against it at all, though i think AU is a better bet. However the original post was about mitigating losses in retirement accounts for retirement in a decade. I personally would (and did) take a 6% Yield mm acount over a bucket of silver with poor recent performance an 15% transaction costs. Metals are catastrophe insurance retirement investments are a higher priority.
I just bought my first 5 oz's of rounds today! It has begun!
Buy junk silver as well!
I started collecting in my teens and sold all the silver i had in 1979 and 1980. I wish i would have continued to collect after that but life things take priority . I saw first hand what silver can do and i would love to see it again and if not hopefully my children will. I truly believe it is a great time right now to accumulate as much as you can.
You can always start again.
I'm a prepper first. I buy silver & gold as a savings account, as a hedge against inflation. When I bought my first .oz of silver spot was $28 an oz. The ASE's were 40 bucks because of premiums. So to me anything under that is a good price. Great video & great advice.
Never to late to save for the future.
Precisely
Agreed. There are better times and there are worse times but the real key in this is getting started, whenever that is. A lot more
people don't own PMs than do own them and they will be SOL when the SHTF or even when hard times arrive, which they often do.
I know that some worry about how much they are stacking but the truth is that any is better than none. More would be better, of
course, but having some is still of considerable value during hard times.
Great stuff! I don't mind you repeating anything I'm old. Like you said you have a lot of new people on your channel. I try to educate family and friends and videos like this absolutely help me do it. Love all your videos but people need these too. Thanks!
Gasoline in 1964 was about 25 cents, 1 quarter oz of 90% silver. Today 1/4 oz of silver is about $5.50, which buys you 1 gallon of gas.
a 1964 quarter is not a 1/4 ounce of silver. But yes, the "value"/ selling price of one of them is about the price of a gallon of gas.
@@drewmcclintock7034 Prove it, respectfully. So we can learn.
@@christianmayhew2617 the formula for an ounce of silver in terms of 90% US silver coins is roughly $1.40 to an ounce of silver. It takes six quarters to equal $1.40. So one 90% US silver quarter equals roughly 1/6th of an ounce of silver. The term quarter stands for a quarter of a dollar not a quarter of an ounce.
There is nothing to prove. You can do the research yourself, and then see how I am correct on everything I typed. @@christianmayhew2617
@@christianmayhew2617
It takes roughly 1.40 in 90% junk silver to make an ounce of silver.
As a newbie, thanks for the encouragement! I definitely feel late to the party.
I am a Vietnam veteran and have worked my whole life and spent money on the things I like, cars boats and toys in general that loose value the minute I drive off the lot. I also was not good at saving money, just living for the moment and pilling up debt. I learned to blow glass and found out I could make money at it. I also learned I could pour silver with the same equipment and made a little money and gave some silver pours to my friends and family, but I kept most of my pours for myself and realized that I was building a savings through my hobbies. well in 2015 I started buying more silver for pours and to stack as a savings. well, the stack has grown, and I began paying off my debt so I could stack more silver and now some gold. I guess my point is every time I buy precious metals, I look at it and tell myself I still have my money. It may depreciate or appreciate some, but it will hold its value unlike the Fiat currency we are forced to use today.
Silver is still a great bargain, and the premiums have relaxed.
Best savings account I've ever started. I've seriously never saved this much before.
And as a coin collector too, this is just another fun/healthy hobby for me.
If the dollar collapses, I feel like I've done ok storing some value in metals, and buying canned foods.
I started stacking mostly gold in 1993. In March of 2020 on the day of the price dip when the gold to silver ratio was 128 to 1, I traded all my gold for silver.
It's really never too late to start preserving you're hard earned wealth for the future. And this is why i enjoy your channel seeker, because you're a realist, your rational and logical. You don't hype PMs to the sky with doom and gloom. And i greatly appreciate you for that. I appreciate you for you're honest takes and opinions
I thought I’d try some Continental silver and spent about $700.00. I received a pile of war nickels and a few ‘64 quarters and some dimes. I felt disappointed at first, the war nickels are all but burnt up. But as I held one in my hand, I realized that nickel was a loaf of bread to someone a long time ago. Or a movie ticket. And I realized that if I should need it someday for a loaf of bread, I’m glad it’s there. I’ll always be glad it’s there.
Thanks for sharing. Enjoyed the ‘rabbit trail’!
I’m a new stacker too and I really believe what he’s saying 30 oz got me out of a situation so I continue stacking. Silver help me out in a few months imagine what it can do if I continue for the rest of my life. I’m a new dad and husband I think this is the best way to preserve my family’s wealth.
Great video SS! You know I’ve been watching you for maybe a little over a year now (I’m sure there’s a way to check that with YT’s algorithm) and I must say, I really like this video, you got real personal about your opinions and I like that. I always listen to your videos, but I may not always comment. This time, I just had to. Keep up the great content SS!
Honest video, thank you
Great job. Keep it up 👍🏼
I'm just starting out.This will be my 4 th month.4 Silver Eagles has been my best so far.Thanks for your help.
Excellent diagnosis!!
I started stacking in 2011 since I thought the dollar was going to end up being worthless. Still don't regret it as that's pretty much the only way I can save for the future.
Agreed, Patrick. I did much the same, starting slowly in 2010 with a roll of dimes here and some quarters there. Eventually, I was buying 200-300 ozs. of silver at a time and
a lot of that was for $15-$16 an oz. with a $2-$3 premium. No regrets whatsoever. I also capped my buying at $35 an oz. and did not buy any silver over that price back in
2011. I really like silver and gold but it's not good to fall in love with any asset. Just treat them like a business. Buy and sell as best benefits you. Selling is not a dirty word,
it's a way to milk out some profits that can find their way into a bigger stack once the dust settles and prices fall back to their pre-bull run levels. I really like that silver and
gold retain their value, regardless of what games the fiat currencies are playing. They are into the games of revaluation, inflation, and deflation. PMs don't play those games,
they just continue plodding along, protecting the buying power of the money we put into them.
Don't buy precious metals thinking you're going to get rich when everything skyrockets. Use them as alternative savings accounts, a place to park your money. Just keep it secure well hidden if you don't have a safe and do not tell anyone. Stop buying crap that's either worthless or a waste of money. But be careful because the subtle addiction of accumulation can creep up on you before you know it. Know your budget and stick to it.
Love your info Silver Seeker! & while we may have "heard it before" that's one of the reasons I will either ONLY watch/listen to you or surely watch you first - I felt included even though on things. I also feel pretty safe making decisions because it almost feels like you're talking us through a mine field! Lolz! Ok. I also tend to ramble!
Great video!
You hit the nail on the head . good job
Thank you for the rant. It shows your humanity. Thanks for the history of the price of history in the past. JH Also for your positive outlook.
Agree. If I started stacking today instead of 4 years a go, I would be able to buy more silver for the same amount spent
Great video.
Another good one Seeker and when spot went down to around 12 a couple years back that's when premiums went crazy
Having some type of insurance/hedge/backup is always good. Those that can't get cheap insurance might want to consider PMs a means to pass on some wealth after they are no longer around. It's also good to have something to sell in the event of job loss or as a supplement to retirement savings.
Awesome video
Great video
👍 good stuff SS ❤
That was Great@
Well done
This was a great video bud!! I surely don't want the situation where the dollar collapses and people are hurting!! There's a lot of good hard working people that have busted their butt their whole life and would be in big trouble and it would be totally devastating!! We all need to stick together!!!
Been seeing lots of videos with people saying its too late, great timing
Thanks!
Thank You!
I like you and I like your channel. You’re one of the good guys.
Thank you for all of the information you provide. Your videos have been a good learning tool. I started stacking 2 years ago. I don't stake for me, I stake for my son. I fully believe silver will be 16.00-40.00 for my lifetime and not much beyond that. Silver is an asset I can leave for my son and his future. Thank you for the videos and information, keep'em coming.
excellent
Nice example of the value of silver. 👍
I got into precious metals right when the Type 2 eagles were 1st released. The price of metals was HIGH. I wish I held off a bit before taking the plunge, but I don't regret owning precious metals at all.
"Apple doesn't except silver" made my day! Love it sir, well said.
My mom and I sat down the other day and figured out that she could have bought the same house that she bought in 1963 if she would have saved her money in Franklin halfs. She paid $9,000 for a 600 square foot home. Without the premium on Franklin halves.
Keep repeating the basics. Very important.
My local ship has Buffalos at $1.90 and Maples at $3.
i just like having it ... something about holding it in my hands makes me feel calm... something about laying it all out and looking at it makes me happy ... i dont care how much it cost/ did cost/ will cost ... i just wanna take a bath in it
Good 👍 video.
I wish I started way earlier 😅
I have said it before and I will say it’s again. Your my fav PM YT’er as you the most down to earth and honest IMO. I will also say that I would be lying if I said I was not disappointed in silver and golds performance over the last few months. I’m thrilled I got into stacking when i did and accumulated a healthy stack, because thanks to inflation I have had to dial my PM purchases way, way back… that’s what makes me sad, real world inflation is near record highs and is felt everywhere.. McDonald’s for my family costs $30-40 easy… insurance is up, property taxes are up, fuel is up, food is up…. But yet silver…. Silver so far has stayed in the same general range…. Plus or minus a few dollars… it’s…. Disappointing
Yea I definitely understand that disappointment my friend... who knows, maybe it will stop lagging behind eventually. Thanks so much for the compliment btw!
No,, never too late.
Just wish I new a long time ago.
Better late than never.
Good Video, SS.
I bought silver quarters during the pandemic at near spot. Not going to make me rich but I’m glad I did!
Excellent explanation. I agree completely. By the way, how about putting that 2011 Koala in your next auction? I'm a stackollector and I need one. 🙂
Everyone always wishes they started sooner when they see the prices they could have paid but that's proof that it goes up over time and is probably a good investment for inflation proofing your money
My largest bar is 10oz bar of silver. Traded for it with paper fiat. Winning imho
I have started 1 yr ago.
I'm stackin the Pirate rounds, "Dead men tell no Tales" from Pinehurst Coins
The last time I checked , insurance cost money like health, car, and home insurance. The insurance in silver is that you will always have a resource to get by on. Silver will always be worth something but please don't think you will get rich but you will be able to take care of your family if there is a total collapse. I think it is a true necessity to own but that just me. good show tonight Silver Seeker.
10:00 I feel you. I don't want our living standard to change, but I can't ignore the direction of our fiscal and monetary policy. Unfortunately it is the world we live in and we must play by it. Hopefully, my stack, though insignificant in the big picture, might be a blessing to not only me, but those I care for.
maybe when it hits sub 20, for know just fun to watch ur videos
I wish I had started earlier, but I've started. If i had, I may have paid more overall, but i'd still have more metal and would have DCAed the whole time.
I never felt like I had started too late. I started stacking silver slowly in 2010 and gold in 2013. I never bought above $35 an oz. but ramped up the buying to 200-300 ozs. per buy in 2014-2019. I usually buy quarterly, although that can change with circumstances. Prior to 2010, I was making money in the stock market, so wasn't idle before starting stacking.
2008 was my wake-the-heck up! moment when I realized that while earning money was good, protecting what I had was just as important. PMs allow me to do that over time.
I started in 2020, from $18-$27 Plus Premiums. Yikes...If I whould of Started last week. I Whould Have an Extra 50-75oz's Easy. Oh well. I Still Have All of it !
My mother owned a typography business for many years ironically One of her clients was Microsoft she used to do Microsofts brochures and pamphlets and handbooks and all that stuff for them until they introduced desktop publishing which put out of business because then all of a sudden everyone had the same capabilities of having all the typestyles and fonts on their personal computers anyway when she closed her business she gave me what looked like a bucket of dirt which was all of the silver she recycled out of the film developer she used in the process of her typesetting I took it to refinery and got 440 ounces of pure silver. Which I ended up trading for cocaine because I was a stupid idiot.
"Which I ended up trading for cocaine because I was a stupid idiot."
At least you did not kill yourself with it and you did learn a valuable lesson from it. Life isn't always
about success, as we often learn as much or more from our failures as we do from our successes.
lol
Now would be a good time to buy some silver. The cheaper ozs can be had for around 25 to $26. I wish I could buy some more but I bought too many at $30 to $35 an ounce. Just expect the price of silver to go down soon after you buy it.
"Think to myself"?
:)
I never think that. Because i already overweighted in stacks
also if you started stacking in 2010, you would have continued to stack during 2011-2013. so yes, you’re right. around 2014/15 would have been a decent time to start as it would have all evened out over the years during the silver squeeze and so forth. but you’re right, now is a great time to start (provided it doesn’t go back to $30 and over really soon. ive stacked through it all getting my first silver dollar in 1980. i don’t regret buying in 2011 or the silver squeeze either. i just pick my products during the highs. if eagles are way over spot, then it’s bars. if premiums are real low on eagles, im buying them
I sold most of my silver in 2011 and 2012, then started stacking again 6 years ago when silver sat at $15ish forever
@@bobsilver3983 i still stacked but not as aggressively. i would have to look at my spreadsheet but i know i probably spent 4x as much in say 2015 than i did during that run up but i did put some money in silver (up to about $35/oz) but i also converted some into gold (just a small amount though). no regrets.
Same could be said for real estate. USD goes down real estate keeps up with inflation.
Not only that but home prices usually move opposite to interest rates, so rising rates lower home prices and falling rates allow home prices to rise.
Right now this is complicated by a shortage of new homes being built, which is keeping the prices of homes higher than the 7% interest rates justify.
WELL DONE!
I hope it's not too late, I don't believe it is. I am only in my 1st year of stacking.
Don't apologize for anything. All well said with TRUTH AND CLARITY AS WELL HUMILITY. If I had 10 thumbs they'd all be UP.
You mean like this: 👍👍👍👍👍👍👍👍👍👍 lol
@@edb3877 Just like that! 😉
I actually knew that Game Stock was going to go up due to listening to Santa Surfing but I didn't purchase any.
i started bing stacking this 2023
Great video, and analysis. I agree with you that silver shouldn’t be looked at as an ‘investment’. It did hold up to inflation over the years. If the $18+ cost of silver in 6/2011 ($26 in 6/2023) was invested in the S&P 500, it would be worth around $76 today.
It’s never too late, unkess you are ooffed!
What would you say would be a good amount to stack.
All that you can comfortably afford. This will vary based on your income and other needs. Eventually, think of a solid stack in terms of thousands of ozs.
I am ready to stack BRICS.
💪🏻 stack silver 💪🏻
How long until they ban silver and gold ?
It’s ok. We need to know your human sometimes lol. Great insight
HOW WILL WE EXCHANGE OUR SILVER AND GOLD FOR A SPENDABLE ASET?
It would likely become THE spendable asset my friend but we won't know for sure until less we need to know.
I got offered $5/10 dollars for my one ounce silver coins at several pawn shops that I went to out of curiosity today… 😮😮😮😮 Britannia’s btw.
buying opportunities
Silver is a good investment so is gold if there Antique coins for example Byzantine Empire. Heraclius. 610-641 AD, Postumus A.D. 260-269 gold, Billon Silver Antoninianus, Extremely Fine, Roman Republic. 80 B.C. - C. Poblicius Q.f. Rome. AR Serratus Denarius., Lepidus & Octavian as Triumvirs. 42 B.C. Italy. AR Denarius. LEPIDUS PONT MAX III V R P C. Not many of these coins in the world.
If you think Silver will 5X at $24, certainly would be a good buy. At $48 it still will more than 2X.
No, it could be pushing the limit on late! Not based on current prices, but time. Many people buy over time and time just might not be on our side. Obviously this depends on somones goal and financial situation.
I don't think it's too late. Silver is still lower than during Covid, and still lower than it was a few months ago. Dollar Cost Averaging is the key. Buy the dip's. I stacked heavy when it was higher than it is now so my DCA is around $27/oz. It would take a substantial investment to try to bring the DCA down substantially. I am just hoping this roller coaster ride up and down level's out and makes a steady rise towards the $45-$50 range.
Any plans for what you will do when silver rises to $45 or more? Just curious. 🙂
@@edb3877 I would probably consider selling half my stack...possibly buy Gold.
@@gryphonz3 I would see that as an opportunity to stack more gold as well. I watch the GSR daily to see if there is any potential for selling silver and buying gold. I'd be encouraged by the GSR dropping to 40:1 or so and would then start selling silver and buying gold. I'd do that in increments to follow it lower. If it goes back up or I've sold
all the silver I want to sell to buy gold, I'd stop at that point. But I'd still have my US 90% silver coins and at least some of my ASEs. I only bought a few ASEs when silver was above $20 / oz., so my cost average is reasonably low... under $18 each.
Good video. To me, PMs are wealth insurance / universal value for greener pastures if the country you're in falls. Otherwise stacking is a cool hobby.
I wonder if people when they think the system will fall just dump all their credit at investment grade bullion and sell for cash over time? and declare bankruptcy / tragic boating accident where they lost it all & hide for seven years while things settle. To me that's what people will do in a real crunch when things go crazy, they will dump any accounts that offer them liquidity to have anything real at all & get with family and friends.
The scenario where dollar = 0 value is a terrible world because no one can trust anyone then. Dollars are serialized and have pretty good anti counterfeiting features, gold & silver you have to melt / test / measure everything or you're gonna get barked.
What do you think happens when the dollar completely fails and people can't pay bills anymore
The Greatest Depression. If you've ever watched the movie Atlas Shrugged, you can see a bit
of what such a time might look like, especially the scheming, conniving, and back-stabbing.
Buying Silver is like planting a tree: The best time to do it was 20 years ago & today.
Anyone suggesting that they want a dollar collapse or economic hardship because it would be good for silver must be nuts. Who wants to see the world crumble? I sure don't. I want to see the good times continue for the rest of my life and my children's lives. Silver and gold beautiful and are a great way to save. They're also insurance against personal and societal hardship, at least to some extent, but they will only last so long if you're out of work. Thanks for being a sane voice (especially about BRICS), Seeker!
Too many silver bugs (especially on CZcams) seem to be cheering on a financial collapse for their own greed.
@@jcorona984 The unfortunate part there is that most of them don't have a clue as to what that complete package would look like and it sure won't be pretty.
It's not too late until it's too late.
👍
The trouble is private parties will never get the premiums back if they try to sell you only get what it's worth and melt value no matter what it looks like no matter what design artwork is on your coins or bars no one will pay you above spot
Who sold in 2010 tho?
Keep in mind silver is half its 1980 price. 80 oz silver equals 1 oz of gold. Yet it comes out of the ground at 10 to 1?
Choose wisely.
I'll agree with that argument for the 2011 price but not the 1980 one... that market was a false market manipulated by the Hunts brothers. One margin call was missed and it all came crashing down. 1980 is not something I tend to refer to when discussing Silvers price history.
@@SilverSeeker much like today?
Crushed by paper short silver contracts again like clockwork. Yet CFTC let's it happen? Rigged imho
@@wildkatt77 I don't necessarily disagree with you actually... altho it's being kept down, not artificially inflated. Kind of apples to oranges, but you aren't wrong either.
@silver seeker, i disagree that silver is not an investment. Silver is bought as investment as much as food, water, and 2A ( you know). When you need the said above, you say, " Good thing i invested in."
I mean yea but when I think inventments I think putting money into something to grow more money. Silver to me is more like Insurance
@@SilverSeeker Yes, and a savings account.
There's not enough silver for the solar plans etc. It's not just insurance or savings but indeed an intelligent investment if the goal is to increase wealth at this time in history. In the past it would be reserved as just savings/insurance.