If Gold & Silver Are Such Great Investments, Why Are They Not More Popular?
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- čas přidán 7. 06. 2022
- #Gold #silver #preciousmetals
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Before I started stacking silver, and my little bit of gold, I'd spend my money each month and then it would be gone. Now, thanks mainly to you I have that additional shiny savings treasure box locked away safe for either my old age or my sons inheritance. I'm very fortunate to be in a position to squirell some shiny stuff away, my mum has never been in a position to do that for me.
This is why we do what we do. Amazing
My mother or father was never able to afford to put money into gold or silver as a nest egg or hobby, as they had to bring up many children. I also feel fortunate to be in a position to buy that shiny stuff as a hobby and savings, makes me think sometimes how fortunate i am..
Same, I started as I wanted no bank savings that were tangible but not as easy as to go waste in the pub on a whim
I too am a first generation stacker, both gold and silver. My parents provided very well, but lived paycheck to paycheck…. Bless them both 🙏
Seems to me our government likes to have the poor around you know someone to pander to.
I wish all Americans the best, but I see everyone with phones latest gym shoes and excessive unnecessary stuff. Good luck 👍.
The crazy part is most of "those" people who can't afford silver, can still afford to blow $700 a month on Amazon, gas station snacks, cigarettes, and premium cable packages.
I mean, you are not wrong but there are a lot of people that cannot afford those either.
Can we say an exclusive commodity those things are just silver in a distant last place 😭😭😭
@@BackyardBullion Perhaps. When you get into the elderly, or young kids just setting out. In my world, a huge portion of my generation that I see just have terrible spending habits. They don't know of to be frugal.
Indeed!
Indeed!
I get why we pay "above spot" prices to buy ....... what I cant abide is getting offered "below spot" prices when selling.
if you have been stacking 5 years or so you are relatively new to stacking. i heard these same points you make 40 years and you are right you should pay off your home but i have bought stocks years ago and a lot of these companies no longer exist so my stocks are worthless. and i have changed my live with silver and gold. silver and gold bought my home and land i have now, i have been lucky in my timing as when to sell over the years (sold in 1980 and 2009 and 2011) and i never sell all my stack so even today my cost average is very low. so do not undervalue the roll silver and gold can and will play in your life in say the next 30 years! your friend, jim
Thanks for sharing your opinions, it's great to hear!
Debt is cheap and being devalued by the day via runaway hyperinflation. There is ABSOLUTELY no reason to pay off a house when you have a 4-6% rate against a 7-14% inflation rate (reported vs actual) it's a no brainer to NOT invest your money in a payoff.
@@joshspeed7794 I offer this to counter your point: if your house is paid off and you are debt free, then you are much more insulated against major events in the financial world. High interest rates actually help as you can roll over what used to be a mortgage payment into high interest bonds. Housing market going sky or crashing? It's all irrelevant to you, the mortgage and debt free citizen.
I've only ever one person, a close friend, tell me they were thinking of buying gold... and were so happy to hear I already had! My family think I'm weird though 😄
Good job! 🚬😎🇺🇸
always thought of silver & gold as a savings account not an investment…
I can't really afford it but the question I asked myself was can I afford not to buy it. I don't make a whole lot with my meager salary but i faithfully purchase some silver or gold every month. I'd rather put some money in precious metals because to me it functions as my savings, it is to easy for me to spend cash I put back rather than having my money in precious metals and having to sell some to convert it into cash to spend. I'm just so much more likely to not do that and reevaluate whether or not I really need to spend it or not. For me it's just the easiest way to save money.
Thanks for sharing your opinions!
I buy silver and gold because it's fun to collect and holds it's value pretty good.
Thanks for sharing, I appreciate it!
I added 90oz of silver to my stack this month, 20oz more then Im finished for the month…I think, i dunno I just saw some really cool rounds! Then on to one gold ounce, and one platinum ounce to match a silver ounce that’s in a series I started. I want one in each metal. Where does it stop? 😂 I’m doing it mostly for my grandson. He’s 1.5 years old. We’re gonna have fun! My local coin shop is going to get to know him real well. And yes, all cash, debt free!
Amazing, thanks for sharing your thoughts!
I believe I am diversified. I have had mostly silver, and a little gold, for many years. Sure, my stocks in my IRA went up a ton, but you can't get it out to collect the "rewards." Yeah, stocks look good, but you can't control IRAs very well. I think of silver and gold as retaining real money, not as an investment.
Good video, BYB. Thanks for the call out. Cheers!
Pleasure buddy, I always enjoy your presentations and they often inspire my own thinking and video topic choices! Keep up the good work!
I shoot for a percentage of my portfolio. As long as I'm working, the stack will keep growing. In terms of return, that portion of my portfolio is doing much better.
I think it's going to be hard to say what will happen to gold/silver while 1) both are still available to purchase from us plebs, and 2) the USD still retains confidence as a currency. The wait for either of those could be months or decades. That's why I stack for long term; not for flipping at coin shops for a small percentage profit. But everyone has their own reasons for stacking and I don't judge.
I try to stack responsibly i have a set amount each month that i spend .
I dont go beyond that, i am in it for the long term. Plus its fun too
Great to hear, thanks for sharing
Last year was pretty much all silver...new to the game. This year is now predominantly gold, I have all the silver I'm interested in having at the moment, aside from the collectable silvers series I follow. Thanks to our stacking/coin collecting community here on YT, I've learned a lot in a short time. Still have plenty to learn, and I hope I will contribute in some way. Good post!
Amazing, thanks for sharing
Gold and silver I never purchased to get rich. I only see it as financial insurance! What other insurance can you handle, enjoy it's beauty, and study!
Well said buddy
Thanks for being 100% honest and not just trying to push silver. It’s good to buy for the right reasons
Thanks, that's what my channel is all about.
Gold and silver are not get rich quick items. Too many people don't understand that fact. They maintain their value and are generally a hedge against inflation.
Thanks. You are right on. I discovered many silver dealers are scammers.
saving money is hard...most buy at the wrong time and get "trapped" instead of waiting for the metal to rise again...and end up needing or wanting their money ...at the wrong time....my opinion of course
Buy Gold and/or silver. Seriously, the banks lock your money in, you will not get it back. At least you money will be put to good use.
I just buy a couple of ounces of silver a month, it's just there for me to use much later in life or hopefully to pass on to the kids!
Those who dont have gold/diamond or silver will work, those who have will play.
Its that simple, the plan, the pay off, you know...
THE MONEY
Indeed, thanks for sharing
Well said. Great thoughts.
Thanks!
I do find it easier to save in metals rather than dollars. Dollars are too liquid and get devalued too fast. I have always spent everything I've got, because tomorrow it'll buy less. The real question is how do we not get burned with these high premiums?
I don't label it as an investment. I consider it an expensive hobby but one where I can probably make my money back if I ever want to sell. My investment is mostly in the markets, real estate and I have a strong cash position which will come in handy in 1-2 years when everything comes crashing down.
wouldn't it be ideal to hedge your cash in metal to catch cap gains, liquidate and move back into equities once the FED reverses their policy and goes back to QE or am i thinking too general about this?
I'm new to stacking and Ill keep doing so.
Welcome to the hobby!
I believe you don’t get rich from stacking them but you save your money on a “ I can’t spend this easy because it’s harder to get fast money” keeping money cash at home or on the bank you wil spend it sooner on not needed stuff. So it keeps your money safe in my opinion for the long run I ment
Because the prices are controlled by a few powerful people, not us retails.
Thanks for the honesty.
Do like the Double Sovereign, have always been tempted in buying one. Interesting video, thanks..
It is a stunning coin, especially the 2022 version!
I don’t agree that the “Vast Majority “ can’t afford to do this. Grew up dirt poor, still considered low income family, but I stack silver, If you are driven to do it you will find a way. As a treat for the kids we would get Take Away twice a month on a Saturday night, now we do it once, and I buy silver. We used to have friends over for BBQs and we would provide food and drinks, now they bring a plate and their drinks, and I buy silver.
If you can’t afford it and you smoke? STOP.
If you can’t afford it and you drink? STOP.
My uncle is on a pension and is disabled, but he budgets smartly and buys silver.
YES!
Wonderful to hear🙏🍀...we are, and was, in the same situation. We live in 🇸🇪.
You prudence and financial discipline is laudable, but the question is are you the exception or the rule. In other words just because you are able to achieve something is it fair to expect everyone else to achieve the same thing. Often successful people don't understand the rarity or exception of their success. It looks like from your statement that you made changes and sacrifices in your spending habits that allowed you to stack. Just to play devil's advocate: what if you were (heaven forbid) to develop a terminal illness a month from now and the things that you gave up to stack silver and gold although not providing any material value still enriched your life in other ways, would the opportunity cost of stacking still be worth it? I think that the belief that the poverty is solely a function of "broken" mindset is short sighted; so many factors play into being impoverished and for every person who breaks the bounds of poverty as remarkable and celebrated as it is there are thousands of hard-working, decent, salt-of-the-earth people who never escape it.
Because the price manipulation is working and the people is frustrated and the manipulators are buying in cuantities .When the value $ rise ,some people are left behind for not buying.
Very good information. Straight forward and right on. 👍
Great ramble! I love the Silver Eagles as well!
This really depends on your location. In US, several rolls of silver dimes and silver quarters and 3/4 ounce of gold Eagles in every adult hands would give leverage against existing fiat currency running away. Add that to trading between essential items like farmers and shops and you literally have an underground network to keep things more stable. I think the government itself wants people to hold on to physical metals too, otherwise why would they bother minting it?
Don't think for a minute they won't try to take it away from you when their power is threatened. They did it before and they will do it again.
All I’ve done is lose on plunging prices and larger premiums upon purchase
Thankfully it means there's more for us and we can get hold of new releases
For sure!
Some of the main reasons are they are too lazy to go through the effort. They want to push a button and let someone else control their wealth. Mostly, they are historically and economically illiterate...
spot on my friend !
Thanks my friend
There was no need to own gold, silver with a strong reserve currency....now our currencies are devaluting....few have the wherewithall to buy gold/silver. Most think only stocks, real estate is the way to go.
I bet there are far more people stacking and collecting than we realise. Just here in the UK there is Royal Mint, Pobjoy, Westminster, Minted Uk, Silver Trader, Yorkshire Bullion, Bleyey, Atkinsons, Chards, Bullion By Post and many more, thats the few i can think off top of my head, oh and not to forget the numerous Ebay sellers! They all must be making enough to pay wages etc, so precious metals and coins are lucrative somewhere.
But it does feel a lonely pastime, some people would just never tell anyone of ever dream of watching youtube vids but there must be healthy numbers and i can only see the attraction becoming a little more widespread with all the newer bullion designs being released over pst 5 or 6 years, from Disney, Marvel, Simpsons just to name a few. I know people have collected and stacked for a long time but modern stacking does feel very new and i think we are early adopters to this way of saving and preserving, it could become more desirable as cash becomes used less, people may have a desire to hold something they value rather than the souless didgets of poverty displayed on a screen. But its not a get rich quick but more slowly slowly catchy lunar monkey.
Thanks for the comment my friend
If everybody had silver.....everybody would have less than 1/2 ounce of silver.
I look at the big blessing as being able to have the perspective
Here in Canada, it costs a lot more to buy an ASE than a generic round, but when you take them to your local bullion dealer, he will give you 95% of spot for each of them. If you are a stacker, buy silver which is offered at the lowest premium and only when the market is down. I switched to buying gold, which has a much lower spread between buy and sell and I also only buy during dips in the market. If you follow the GSR, you will note that gold has outperformed silver by quite an amount. My silver stack, based on silver value alone, has not kept up with inflation. My gold stack has outperformed inflation and has, therefore, increased in real value.
Cdn here....just as I shop around when buying...will shop around when I go to sell...some dealers will pay above spot for certain items.
Luckily many dealers are waking up to the fact that if they want consistent inventory in their stores, they have to pay more now than in the past. One of the dealers in my area has no qualms paying $2 over for generic if he needs it to satisfy demand, (which is there) whereas a few years-ago he'd have never paid that much. The times, they are a changing.
Because you can't eat or smoke it. And it's not a good investment. BUT what it is, is a great insurance of wealth over the long-term.
Gold and silver are great for savings but has to be long-term. Yes there are odd opportunities where you can make a lot of money on some coins great engravers or the V75 eagle. But there few and far between.
Thanks for sharing
The great pay back from owning silver and gold is money awareness. That is, knowing what money is and is not... Learning respect for money as a representation of the hard work of someone, you, me, (them of the past, they of the future). It is seeing clearly that currency is not money but currency. The world right now deals in currencies that are always 'WORTH LESS". Fools and their money are easily parted, mother used to say to me. She was right. I've been parted from great obscene amounts of money, through divorce, bad investments, stupid purchases. Sold gold at the wrong time and palladium at the wrong time, land and houses at the right time. And I bought a little gold and silver along the way. The gold and the silver never changed. It is just there if I need it. And a great freedom comes from that knowledge. I give it away, to kids and grand-kids in the hope it will make then think differently as I think differently.
Well said mate, exactly that when you realise papaer money is worthless and a massive scam.. God's money for the win
Perfect! As simple as that.
Yes indeed!
My plan is to play the silver/gold ratio. I stack a little silver each year, waiting for the right time.
It IS special as you say. It's called precious for a reason. It's been special since biblical times and its still special today. Not only does it preserve your wealth by converting your currency into real money, but it preserves itself throughout time. It has commanded its status since the earliest of times. That's way more than I can say about cryptocurrency. That stuff is just faith based wishful thinking.
Thanks for sharing!
I also think a lot of people in this day and age just don't know about it. It's not thought about by most as sound money, or even money at all, or where to get it .
Owning gold and silver is a allot harder to pisses than cash. Buying it at the right price, understanding the different types, storing it and especially selling it takes allot of education. Not easy.
Such a lovely sound as those rounds come together. Too good to be true hurts a lot of folks. Our ability to jump on so called deals is frightful. Discretion is the better part of evil/discretion eh. Good to see you my dear friend. Those of us that hoard or stack PM's will always be ahead in the long run. Love the 50 cal piece. I have a few as well. Take care eh, Big hug for your Mrs as well ! See you next post.
Love clinking my silver! Thanks for stopping by buddy!
IMO, people that don't have the hard assets are either more accustomed to seeing there portfolios by way of digital or, if they are saving, by way of cash. It could be lack of education/awareness.
Started getting my feet wet because of a coworker who was super excited about it. He has a friend who's been a lifetime advocate and makes his living buying and selling
As a store of value. I believe it will make sense to own some metal. It’s a long term plan to retain value. Gold and silver have been currency for a long time. When paper fails and resets you may be ahead when trading your metal for the new money. I believe much Better than with trading old paper bills most likely. But time will tell if it was a good choice.
Gold is so useless that governments fill entire bunkers with it.
Yes indeed 😂
Unless you are Canada
Gold is just a piece of metal like copper, iron, bronze... It's us that defined their values.
@@BackyardBullion Hi there I'm new in this channel, regarding how much silver needs to own that is a very good question why you didn't expand more on this? I'm now sitting on around 900 ounces silver, and I have also some gold. I'm a debt free because I sold my house and I'm renting. My only issue is now what to do with so much money sitting in the bank account? 🙄 I known its a stupid question but in today market, and with Klaus Schawab on the neck it's a real problem! What do you suggest in such cases?
If you look up household gold jewelry consumption, the UK has been in the top 10 globally. But one can put that down to the large number of indians resident in the UK.
cheap Argos gold haha
I got gave some gold by a friend of mine and it inspired me to start buying silver in the hope to buy some gold in the future I know gold is expensive I've purchased fake silver unfortunately it's out there but hey I'm no professional if you can invest in silver I'd recommend it
Amazing, that's the way to do it!
It's not even a question, silver and gold ARE going to ease people's daily existence in a collapsed world. This is AFTER food and the basics, but there is a reason to stack even when you supposedly can't afford it. You can buy a round a month. No excuses.
I would argue that having cash reserves before metal reserves is more important. If you are forced to sell silver before you are ready then there is a good chance you will lose money
Very western-centric view on precious metals investing - no mention to emerging market retail demand or investment products that provide exposure to metals for the masses
The video was only so long buddy, but thanks for the critique
It’s better than saving fiat money and that’s all I need to know.
I bought 1000 ounces of silver over the last few years and I expect to be a millionaire soon. That's how it should be!
But silver it's won't be x50 times to make U millionaire
A lot of people tell me that silver is done with and I tell him I feel like silver has just begun
I just like the sound of it.
If you were in those crazies situations and times, if someone sees you paying somebody with gold for commodities gas food I would suspect they'll come for you
That's why you need to invest in lead, too.
@@byteme0000 silver gold gun's ammo and food and water yes
I don't know anybody in my life that either has some or has had some in the past. Even though that might be a small amount.
The less people seem to own the more expensive it seems to be to them. Which suggests more people would like to be able to afford & own some.
when i was graduating school, the army offered a 20k sign on bonus, so was a kilo of gold...now the kilo is like 65k
If you follow the herd you'll reap what the elites have planned for them. Simples
For sure, break away and that makes you special
So I just got operated but that won't stop me from watching 😂
Thanks for watching
Gold is,, as off today April 4 higher price in history soon be 3000 a oz stack gold not silver as tax on silver 20%
Thing is they are really popular right now. People of all ages converting cash savings to metals savings.
if everyone buys 1 OZ os silver at 26$ premium , im certain we'll see a decline in comex silver storage
I mean, you're not wrong. But good luck finding the money for everyone to do this
@@BackyardBullion when the DOLLAR IS FALLING IN VALUE AND YOU SEE PRECIOUS METAL RISING IN DOLLAR VALUE EXCHANGE , IM CERTAIN PEOPLE WOULDNT MIND BUYING, TO BE THE LEAST AN 1 OZ OF SILVER OR A COUPLE , REALLY THE MAIN ISSUE IS THE INFLUENCE OF THE DOLLAR BUT THAT CERTAINLY IS CHANGING .
APART FROM THAT SOME PEOPLE ACCEPT SILVER AS A FORM A PAYMENT ONLY BECAUSE THEY KNOW THE VALUE PEOPLE WHO DON KNOW IT VALUE PROBABLY HAVE NEVER HELD SILVER IN THERE HAND.
HAVE SOMEONE HOLD A KILO OVER 800$ WATCH THERE EYES GO TO THE BRIGHT SHINY SILVER 😅😂 🤷🏻♂️ ENERGY OF THE METAL DOESNT LIE ..
Words of Reason 👍👍
Thanks my friend!
1oz Asahi silver rounds are a little more affordable.
stacked about 50 Oz so far just started
~50% of Americans have less than $1000 in savings
~70% of Americans have less than a 6 month emergency fund.
(At least those are pre-pandemic numbers)
~15% of Americans stack silver and/or gold. I think that goes a long way towards explaining it.
Totally, it's really staggering to be honest
Maybe you're not an American? Your average American can't keep a $20.00 bill in their pocket without running to Walmart to buy a piece of Chinese made junk, etc. Very few have the will power to stack metal and not touch it for years until the price goes up.
I have 1 kilo of silver stashed away for a rainy day, and even if I lost money on it later on down the line ot would of been no different to paying intrest on a loan to bail out of the rainy day
There is still the possibility that silver could dramatically increase in value, especially if silver becomes legal tender (this could easily happen), and/or if we develop machines that are portable and cheap and can determine if the silver is real (this might happen) and/or if industrial demand for silver dramatically increases (this could easily happen). If any of these things happen, then silver could dramatically increase in value and if all three thigs happen, then silver is likely to go through the roof.
Wishful thinking. Price of silver is controlled by multi-rich and banks.
@@normpeplow3813 the price of silver dropping during a high inflation environment while nearly all other commodities have increased does suggest (very strongly) that silver is being manipulated, but I do not believe this manipulation can continue indefinitely. I would like to know why the price of silver has fallen in value - I have never read a credible explanation as to why the price has fallen. Once people realise that crypto currencies are not "backed" by any assets and demand for them disappears, then demand for real alternatives to paper money (such as silver) is likely to increase.
Just a thought if you smoke 20 super kings a day then you will blow about £315 to £320 a month any more and you could easily double that. Ok I know I might be rambling on but this example was a sales aid used in the life insurance industry to help persuade clients to save in an endowment policy or a unit trust. So in reality it comes down to your perspective on what and where you put your money.
Yep, this is a great way to save money.
The worst investment you can make is PM. It costs too much to buy. It costs too much to sell. Seen it all before. Most new stackers were not around when it went to 50 to experience the hard fall. I guess the only way for new stackers to understand this is to feel the pain, and they will.
CBDC will be the most transformational change to stacking and trading in precious metals.
I agree, it will be a massive game change
Good or bad for pm?
We'll most likely be punished for it, in one way or another
The problem with Gold is it's near a high. Silver is at a low that's why it's being bought more.
If Gold drops back down to $1,400.00 the sales will pick up.
I feel new highs may be more likely.
@@user-lb8do4ew6k I'm sure Gold Will see new highs, but I like to invest where I can double my money, not just gain 15%.
@@garybiggs9010 I hear you, I play with other investments with gold as an endgame. Anyone into pm's expecting big gains is a dope
@@user-lb8do4ew6k Yup. Just breaking even with a commodity is still better than losing 20% holding cash due to inflation.
@@garybiggs9010 absolutely
PMs are a hedge, and not a get-rich-quick scheme people want.
Investing £5,000 in 2008 would have given a v high return recently.
Gold and silver are not good investments. They are average investments at best. However, they are fantastic hedges against systemic collapse as they have no counter-party risk.
silver is at like $22 right now so are you saying that is all it will ever be worth?? @ 7:40 ??? please explain.
Yeah, if silver goes to $1000 per Oz it will still only buy you $22 worth of stuff because if silver does go that high it means everything else will cost way more.
Premiums and VAT on silver make it pointless personally I'm more comfortable putting my investment in to a broad based index fund .
I think silver will do better than purchasing power. There's alot of dollars out there.
Leverage
As a young man, I had no idea that one could even buy bullion. A little older, I bought an ounce of gold and some silver just for the fun of having it (and I subsequently sold that gold Maple Leaf, dammit.) Now I have bought a tiny bit of gold (for the fun of it) and a fair amount of silver, not as an investment, but because I like making jewelry and baubles out of the silver.
As an investment, precious metals don't appreciate at the rate my 401k does, so they aren't going to fund my retirement.
Thanks for sharing your opinions, it's great to hear and I think we are on the same page!
Hahahahaha 401 k. You have been fooled friend. That 401 k is the end of your financial career. All that matching and you think you will see the money. Ha nope you wont. They know you wont. You withdraw it early you lose half of it, (oh wait thats what they matched you). But when you get 72 you can start to withdraw without penalties. Hahahahahaha, average American dose not live that long. They know you wont get that money out in time. By the time you die you will not get the money they put in with you. Even better if the market crashed, and it will for sure. You get nothing not even your hard earned money. Now lets look at silver. Since 1964 you could buy 10$ of silver coins for 10$ in value, now you cant even get it for 200$. That is a 1900 % increase in 58 years. 1900/58 is 33% increase every year for physical silver. That beats the stock market all day long. Guess what it also is all yours.
Jo Ju, what if you're the one that's wrong, have you considered that?
@@BackyardBullion Wrong about what? Its all facts. There was no guess work in it or predictions. You say that as if I invented this.
@@BackyardBullion I mean sure they could just grab the millions and millions tons of gold and silver collected by all major countries and just send them to space and forget all that has happened to get it. Maybe we can use river stones to keep track of money. Or maybe they can put a chip in your skin and keep it on a cloud in the sky. Seems like they did all that work for 1000's of years for nothing then huh.
Simply because silver and gold are not an investment,
Physical Silver and gold are a liability, owning them has an inherent risk.
Owning Paintings and artworks are a liability for the same reason.
I used to collect retro classic film cameras, the liability is mechanical and optical deterioration.
It's good to hear Mr BYB point out that an abundance of silver might not be a good idea.
Perhaps a discussion on defining an investment might be a good idea.
A plot of agricultural land, seed, lives stock and the means to defend it and yourself perhaps?
What can you own that doesn't carry some risk of losing value? Land can devalue, seeds can spoil, weapons can become obsolete or ineffective. The defenition of an investment doesn't need to be debated its already set "Investment is using money to purchase assets in the hope that the asset will generate income over time or appreciate over time." There are no investments which cannot turn into a liability. None.
Gold and silver are the only true real money
@@BackyardBullion absolutely agree. In the long term for me with silver it's a case of supply and demand of a finite resource which we know is going to be used much more in the future. Its not going to run out but it will become more expensive to find and extract as the easiest and cheapest options will always be used first. S/G ratio makes me nervous about gold but as a store of value both make fiat look very poor and that's nothing new
@@BackyardBullion true money defined as a medium of exchange, an uncomplicated medium of exchange.
@@ricardosmythe2548 I agree, the definition of an investment implies that it may have an uncertain outcome.
The silver price in July 2022 is Not Logical. USD17.00-18.00. trips to gas station, supermarkets & Starbucks reveals prices had increased by more than 20percent. Yet silver becomes cheaper from USD20.00 to USD18.00. How Can This Be? Mining silver cost USD20.00 per oz. We have not cost in the refining. Banksters won, win & be willing AGAIN. They REMAINS UNPUNISHED. So be it.
But that is how gold and silver work in Venezuela.
You’re saying that if the dollar collapsed due to hyper-inflation that silver and gold won’t get you anything more then it would during a time of economic balance?
I don’t think that is true. Like I said, look at Venezuela.
Will there be a time when you can buy bread with a Kennedy half and fresh vegetables for a quarter?
Maybe, time will tell
Metals are a stable store of value, but they do not increase in value like owning a profitable company could. In terms of purchasing power, an ounce of gold could buy a nice mens suit in 2021 and in 1721. If you bought one ounce of gold’s worth of Apple stock in 1985, you’d be a Millionaire today. You need a little bit of metal, but going all in on metals is probably not wise.
Has anyone got a tip to what I should put my money into as silver and gold is my portfolio thus far. I struggle with all the crypto it's a mine field. Please reply someone please.
Crypto is not too difficult, same as anything in life, it’s a new venture and the Avant garde ‘teams’ may not all be around in 5-10 years.
Do deep dives into certain coins/tokens and place your bets now, the technology will be around for generations to come but the ones that will find a place to stay are things like XRP, XLM, Theta token, ZIL, XTZ.
Spread bet with all investments, patience is key and don’t just leave something and forget about it, micro manage all of your investments yourself. Ultimately work with the budget you realistically have, there’s no wrong or right way. Life is half chance anyways
If you don't understand it then don't buy it
@@BackyardBullion thanks for replying mate I'm just so lost at the minute want to do well but just don't have the confidence. Love your videos.
Your not gonna get sound financial advise here. Financial advisors give advice based on factual information they obtain and are paid for their services. You choose or not to invest in precious metals under your own free will....
@@billydow1971 OK Bill thank s for your comment. If you don't ask you don't get. But yes I'm fully aware that I'm not going to get detailed sound investment advice on CZcams. Take care
You getting ready for vampire raid? 😎 good video !
Would need a bloody big gun to get that vampire put down. Mind you, it's big enough to just stab with!
Silver bullet is for a werewolf, wood for a vampire.
How about spending 60% of your precious metal budget on gold, 30% on silver and 10% on platinum? That way you're not putting all your eggs in one basket. 🤔
most dont understand it simple
Be a responsible stacker 😎🇺🇸
if you had 5000 dollars worth of silver in 1999 when it was 5 dollars that same amount of silver would today be worth 20.000 usd tell me again how silver dont increase in wealth