I will start selling my silver when THIS HAPPENS
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- čas přidán 28. 06. 2024
- in this video I talk about selling my silver and when I plan on getting rid of my physical silver. I have been buying silver for many years now and ever since the beginning I have had a plan to sell some of my silver. I want to sell my silver and use that money to buy more gold. I am waiting for the gold silver ratio to narrow and then I will start selling silver. If you want to start selling your silver coins or selling your silver bars I discuss the best time to start selling silver bullion.
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Topics I cover in this video: selling silver, sell silver, when to sell silver, when should I sell my silver, how to sell silver, why sell silver, silver selling, when should you sell silver, best time to sell silver, best time for selling silver, buying silver, silver stacking, silver investing, silver coins, silver bars, silver bullion, when to sell silver bullion, how to sell silver bullion, how to sell silver coins, junk silver, silver stacker, silver stack, silver coin, silver, stacking silver, selling silver coins, selling silver bars, selling silver bullion
#silver #silverstacking #silvercoins
The number one reason I would sell some of my silver is to buy land.
likewise
Wait. Land price will come down 20 to 40 percent. Silver will go up 10x to 15x In that time.
Land prices only go up but I guess it depends where u live. Where I live they don't drop that much and never will. They r not making anymore of it.
@@allen4353 This. All signs are pointing towards real estate going down, silver going up in near to medium term.
You mean buy a parcel you don't really own to lease from the government
The movie looper...
They are paid in Silver bars which they convert into the Chinese Yuan since it took over the Reserve Currency
Love that movie
If you're a stacker that movie is a must watch. I like watching movies that show how valuable precious metals are. There's a 1956 film that starred Charlton Heston as a civil war veteran and gets in a brawl and he gets knocked down and his money belt opens up and gold coins are falling out. He had just sold some cattle and was paid in gold, he had like 60 double eagles.
This is really smart. I'll be honest, I never thought about playing the ratio game, but its eye opening. Much appreciated.
A lot of folks have been going on about a January rally and said mutual funds [ETF] stocks that would be experiencing significant growth these festive season, any idea which stocks/mutual funds this may be?
yes, tesla, transportation, e-commerce among other sectors are expected to experience growth, but who knows, the market has been a basket of surprises.
Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2021 and had me holding worthless position in the market. I diversified my portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $750k in net profit across high dividend yield stocks, ETF and bonds during this red season.
@@maiadazz True, we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides yo help?
@@tatianastarcic Having a counselor is essential for portfolio diversification. My advisor is Laurel Dell Sroufe. who is easily searchable and has extensive knowledge of the financial markets.
@@maiadazz Thank you, Going through her profile on
her webpage out of curiosity, and surprisingly she
seems proficient. I appreciate this.
Great idea but in reality the difference(premium) between the buy and sell prices kills you.
There's probably a certain number of those who prepare who are unwilling to dip into their supplies no matter how bad things get. It doesn't make much sense to create a huge stack but not be willing to trade it in if the need arises. That's why it's important not to get too attached.
I think the premiums are unavoidable. Just do the best you can to acquire as close to spot as possible. There will always a slight loss, but if you do it carefully, you’re still ahead of inflation.
@@Baltierra90 Agreed. Don't care where it's minted, as long as it's 99.99% Silver.
If you buy from other people you can avoid the high premiums but watch out for fakes and thieves. Might be better to just pay the premium for safety reasons 🤷♂️
@@Baltierra90 if you buy from a coin shop, they don't have the fake, right? Just making sure. One that didnt open just yesterday of course.
I used to feel overwhelmed when my portfolio would drop a few dollars. Now that I've learned how the market works, I see bear markets as a giant opportunity to build generational wealth for me and my family. In just 5 months my portfolio have accrued gains of over $300k
@Lloyd Bernard Working with a Financial-Adviser to help guide you on your wealth-building journey if you're just starting out is a wonderful way to get started and thats how i was able to accrue good gains. They help to manage investment overall risk profile, prevent permanent loss of capital. Consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal.
@@roseroland1998 Your assertion that as we all age we become more risk averse rings so much true to me. Who is your Financial-Adviser i would love to check him/her out?
LISA ELLEN SHAW is my financial advisor, and you can look her up online. She is FINRA & SEC verifiable, and she has years of experience in the financial markets.
@@roseroland1998 Thanks for this mate. Her website popped up on the first page immediately I searched her, I read through her resume and Did my due diligence on her before leaving a message and I’m waiting on her reply.
E❤❤❤❤❤
Great strategy and great explanation. I’ve mostly bought silver, with a bit of gold mixed in, since I started stacking a few years ago. I enjoy both metals, and the peace of mind that having a stack provides. I’ll be paying more attention to the gold/silver ratio going forward. 👍
Some good advice. Never thought of the ratio guy….I’m new to all this
I learned something new today that I had never even considered before. Thanks.
Good Strategy (in theory). Somewhere, down the line, I believe that either Gold or Silver "or both" might become Unattainium, so don't count 100% on Your plans working out. At that point, just be glad You have what You have and make the best of it...👍
Remember this most important thing about silver and gold, you can't take it with you, when your six feet under.
Pablo Escobar buried millions of dollars all around Columbia. When he came back years later to dig it up, it was so wet, soggy and disintegrated that it was completely unusable....if he would have buried gold, he would have found his gold 100% intact and probably worth more.
‘One eye Wlly’ is the best example of that?
Maybe if you have some in your teeth😂
I'm taking at least some of mine with me in my pine box lol.
I Bookmarked this video, for future reference. A great explanation I don't think I fully understood before.
Once you begin to stack, you never go back! My 3 sons and their friends in their 20s, have been stacking over the past year.
LI Stacker here!!!. Love the vid and your strategy. I finally have a great understanding.
I’m liking your strategy I think I’ll follow it. Thanks
Informative. Never considered the gold to silver ratio for buying and selling. I will now. Thanks for posting.
I’m new to precious metals. I’ve been stacking silver and your video is exactly what I’ve been wondering about over the last week. Great video and thank you for the advice😃
Wow. I learned a lot from this video. I'm new at stacking and this really opened my eyes. Thanks.
Funnily enough, I've been looking for a chart that showed both silver and gold, but didn't know about the GSR until I watched this video. Thank you! Great info, and great timing!
Great video thanks Silver dragons
Thank you for explaining this. 😁
Silver Dragons, what an outstanding video. You continue to upload quality content and timely information.
Shine on Brother. 🥈
I first learned of the GSR from you a couple of years ago. Thanks for the refresher course!
I totally agree with you!👍🏻💯
i was trying to explain this to a friend, i dont think my teachings over text were very sucessful, i bounced him this video as it makes it crystal clear, great job. cheers
That's probably my ultimate goal is to trade in most of my bulk Silver in for gold. It's less volatile and packs more consolidated wealth in a small amount
Theres also a way bigger chance of the government banning the public holding and selling gold.If your not able to sell it legally its just a shiny rock..
silver will be worth more then gold!! two mines dig up silver!!! silver will be worth more then gold!!
@@michaelblake1023 😂 that's cute, but Silver will NEVER be worth more than Gold...it never has throughout all of human history, so what makes you think that it would be in the future? Because you say that 2 mines dig up Silver? Which by the way isn't even accurate. There's huge Silver mines in Peru and Mexico alone. Now if you were to say that Silver has huge upside potential for the future I'd say yes, absolutely. But Gold is already surpassing all time highs while Silver was just halfway to it's all time highs. But in the end gold packs more wealth into a smaller space, is alot less volatile and is a tier one asset..
@@JimmyLicari you do not have to believe me . only two mines are open that mine for silver!!!
@@michaelblake1023 Peru, mexico, Russia, China all have Silver mines open... that's just the top 4 producer's of silver. So tell me how between these 4 countries there's Only 2 silver mines that are open? I think that the information you're getting is inaccurate. Not sure where you're getting this from, but it's not true.
Fantastic video! Thank you. Never really captured the whole idea of the GSR until now
Great video and explanation of the strategy
Thank you for that information I feel enlightened
Excellent explanation, I learned a lot. Thank you for sharing your knowledge
SilverDragons, the ratio scenario totally makes sense! I especially like the the table/exercise which simplifies the logic to do so. Clear, to the point and well done. Thanks!!
I have secured my stack mostly in 2019 at sub $20.00 cost. Recently, I have been buying the RCM 10 ounce bars. The best value in my opinion
that's a great strategy I'm going to do it too, I was originally just going to buy enough 10 oz bars of silver until i could trade in for 1oz bar of gold but after watching this video, I'm going to check on the GSR weekly or monthly so I can sell my silver and buy some gold. It's also good to know incase it goes over 100 that you can sell your gold to buy some silver and wait for the ratio to drop to 50.
Solid plan. My plan as well. Cheers
Very good plan.
This information was very helpful 🙏🏽 thanks👊🏽.
Thanks for the good info. I actually cracked up as soon as you said “believe me, this is a hypothetical.” 😂
I had someone tell me yesterday that silver was going to go to 50 thousand! an oz. and that they would become a millionaire when that happens in the not so far off future (smh) shaking my head on that one.
I don’t like paying premiums twice. I would use precious metals to buy a house or farm land or both. BTW, my gold has out performed my Silver. My gold is over 4X. My silver is just under 3X.
Sounds like plan Sir. Thank You Sir.
Thanks, Dragons, for strengthening my mental pic of this metals conversion concept. It makes good "horse sense", as Grandpa might have called it !!
This is also my game plan.. I don't have thousands of ounces like you, but I have a fair amount.
Below a ratio of 50, I'll start looking to trade, and you briefly hit on it as well, but when the ratio goes to the extreme the other way, I'll sell trade the gold back for silver.. Rinse and repeat to grow the stack while also buying more metals. It was just 3 years ago, the ratio hit around 120.
Also, when ratio is high, buy silver, when ratio is low, buy gold.
The strategy will make you rich in metals but it is impossible to time the best ratio...plus I know you hypothetically left out premiums....and that is not real life at all man. The only way to max out your stack is by putting your entire stack on Ebay at all times and maximize profits by reinvesting your profits into more metal. This way you are always paying attention to your stack and turns your static stack into a real life working stack. The only labor is maintaining your listings and you have to keep adding at least 10 listings a day on Ebay in order to keep a healthy account. You have relationships and subscribers that would sell you their metals at or below what dealers can get for them. You have a huge advantage if you want to take advantage of it. Thank you again for the silver dragon certificate that I won just by watching your channel and entering that contest. I sold my GAW on Ebay and reinvested the $30 I made into my Ebay store.
Thank you. Doing this with my precious metal 401k fund. Adjust percentages when it's up!
Nice star note on the Franklin...lol
I traded around .84 ounces of gold for 70 ounces of silver on March 11th this year. That was all the gold I had and with the ratio at 90:1 I pulled the trigger. Pretty new to stacking and I’ve made most of my purchases on the high side but I did pretty good on that one.
I'd say you made a good move. I'm heavy on silver with almost no gold at all, so I'm beginning to diversify into fractional gold to keep cost down. I would like larger pieces, but that will come later. I hope to do some ratio trading at some point, but until then I will accumulate gold slowly.
@@Mike.L. 😮
@@Mike.L. maybe you can answer this question then, if the value of silver goes up why would you want to go after gold which is going down??
@@na6977 Even if it goes down, it won't stay down. It, just like silver, is only going North in the long term. Also, it's about being diversified within the asset class. Though they are closely related, gold and silver are two different animals.
@@Mike.L. Hello, I just started as well, the silver generic rounds, I was told is a better deal, bc silver is silver. The others are for collectors. But, then I hear the silver rounds not backed by the gov't can more easily be counterfeit, and in that case I would suspect that means ya get nothing, they are worthless. Or they can be only 98 percent this and that. and there Question: how can I be sure they are not counterfeit ?
I’m very new to stacking, but logically this seems like a very solid strategy… And one I will actually be following myself. Thank you very much 🙌🤝🙏
I love getting the information you have provided me. I watched your video while you were working at Harry's shop. I heard you mention something about a gentleman's goldback and Silverback wallet or holder for these items. I was wondering where I may purchase one for myself. I watch you every day, love your videos
Thank you so much
Lady Draco Master
The best stacking video ever🎉😊
Fantastic topic, I do the same buying and trading with platinum and palladium.
Knowing that you are not a financial advisor etc. bla bla.
your videos give real good insights and ideas about stacking and retaining value / wealth.
one advise as recent as in Jan was buy on a dip... which I did early march (180 OZ) and as you mention selling at point X in today's video, this makes so much sense! if time allows us to "play or rather work" the silver to gold ratio consider all factors than it will work in our favor.
I've been contemplating too, what if silver doubles from where it is today, what to do?, I would sell of my least favorite silver, converting to gold if the ratio permits it!
Keep those great videos coming, thank you so much!!!
Happy stacking!!
That is the dream all silver stackers must have! Thanks for a clear and excellent presentation on the best way to work with silver. I didn't plan on trading the silver back for a useless fiat currency as well, this is great sound advice. Much thanks!
Great demonstration SD!! :-)
Nice crisp star notes ⭐
Love this strat!
Great strategy... I never thought about it like this
The cash that was being flashed around, was all star notes !
Smart strategy. I will try to do the same. Thank you.
Steve in Florida I enjoyed your video thank you for doing it I like you am thinking of the same thing to all be safe and continue to stack when we can bye for now
Interesting plan!
Glad I have both.
ty for this advice
great tips
thank you - helpful video
Yes, great idea... free Gold is heaven sent!😊
Not a bad plan. You have that maneuverability it's smart because who knows just how crazy the US dollar gets within the next few months.
Very good strategy my friend! Good luck to all the stackers out there🙏
Great video, very easy for anyone to follow and understand information about the Gold to Silver Ratio! A+
GREAT INFO
Like Harry said at that coin shop in Beaverton or maybe it was Adrian. You will have to change your name to golden dragons. GREAT VIDEO
K.I.S.S. method- thanks for keeping it simple. Well done!
Wow that’s eye opening! Again, Silver Dragon gives sound advice! Much appreciated and you have my respect🎉
Nice explanation, thanks.
I guess the only question I have is, what guarantees could there be, given the Central Banks, & especially China's largest ever procurement buying sprees, of freely available gold, for the individual investor to easily acquire? This would be especially true for smaller economies, like New Zealand, where I live.
Love it!
I’ve been waiting to see what you have to say about all this craziness! It’s just 🤯
Ps. I hope I don’t have to wait that long for the GSR to be right. 😊
It just started. We just bought it. It’s on the way.
Thank you
SD had to come up with something fast because people were saying he would never sell his silver. Gotta keep making those CZcams bucks.
I did not realize there is even another strategy!
Flossin $100 Dollar Star notes I see you Silver Dragon 🐉
Wow excellent strategy, I have heard that before from mike Maloney . But when you said it again in this video and showed examples it makes perfect since . Free money if you know how to play the ratio guy . Great video
It rarely happens, you might have to wait a very long time. In that scenario, silver would have to be more popular than gold.
Like the idea of trading up to gold re: ratios. However as a spendable commodity silver has uses when you want to make anonymous purchases outside the CDBC when it takes over.
Great channel
I will never sell my silver. I will eventually trade it for other things of real value when dollars no longer have any value at all.
All of those 100's you flashed, at the beginning are star notes. I just sold my big collection of vintage US currency in the last several months for a BIG profit....
Hey good job.
I’d love to see a video of you trading silver for like an ounce of gold or vise versa. Showing us where to go the whole process etc
Great concept!
Dude... I've become obsessed with the idea of aquireing precious metals this passed month! Ive held a few ounces since forever in Mexican cap and ray...but im totally gonna start a serious stack! You channel has been a huge help! Another great video!
Better get on it Bob. It's getting harder and harder to get as more people wake up.
just started buying junk silver dimes and 50 cent pieces, but i also just bought my first gold back dollars, from alpine gold still waiting for them, im going to look fo a store locally in sacramento that will start excepting gold bscks thankyou
Nice star notes
It works but you have to have patience.
Been stacking kilos of silver. Feels good man.
Hey SD,
Did you catch Empires video regarding the filing of a "resellers form" of some sort with Bullion dealers? Thanks!
All those star notes on purpose forsure! 😂🎉
Good comments
Premiums are ridiculous on everything these days, and my local coin shop is a racket.
I don't believe in paper silver and gold, but I think that might be the only viable way to do ratio trading.
I like it!
I like your strategy very much. Converting silver into fiat is senseless. In the future I may use some of mine on more real estate. Or gold. But never fiat.