$30 Silver is a Bargain
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- čas přidán 5. 07. 2024
- We have hit $30 spot price multiple times now. And finally I think its here to stay!
#silverstacking #coin #money #preciousmetals #gold
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$30 an ounce is aways a bargain. Keep on stackin'!
Never stop!!❤️
There's industrial demand too, which could drive prices up further. I might grab a few ounces while it's still underpriced
smart move. It's always good to diversify. $30 silver won't last forever, especially if inflation keeps climbing
With digital currency coming I'm grabbing as much as I can. Thanks for watching Eric!
I'm thinking of investing while it's still this low. Silver always has its ups and downs, but this seems like a good entry point
I agree
It's about being informed and having a long-term plan. $30 might seem like a bargain now, but it's crucial to weigh the potential risks and rewards before diving in
30, 40 and even 50 and 60 dollar silver is simply the last opportunity for people to buy in cheap. Im going to be stacking even when its above a 100. 🎉 Celebrate! for you still have time to buy silver when its under 70 dollars
You're right bossman! I've got some big silver purchases coming here in the next few weeks and I'm so excited! Thanks for your words of encouragement see you on the next one!
I'm 19 and stacking silver because I'm worried about the way inflation is going and that the collapse of the dollar is closer than ever before I also see other Gen-z's complaining about the price of everything and they don't seem to figure it out that they should be stacking silver I don't even try to tell them because they would most likely call me crazy I just keep it to myself and only worry about myself and my family and friends most of my family think I'm crazy my dad and granmother are only one in my family who don't think I'm crazy my dad told back in 2022 that if things get bad enough that you might need something of value like silver and gold to buy stuff you need
Yes sir you are correct! It's so refreshing to see young people stacking! Also I've got a video called "silver stacking is in danger" coming out in about 10 days that addresses exactly what you spoke about here. Tune in for that one you'll like it! It's great that you're stacking Keep it up!
@@FourNines-silver 👍
Be aware, but don't be worried. Also be ready for a crash. The only reason we haven't already seen a major crash (larger than 2008 crash) is irrational optimism. Part is the Dem voters just drinking the cool-aide and part is doom spending. Most people have maxed out all their credit lines, commercial backed real estate is ready to implode, govt just passed laws allowing for the draft of anyone residing in the US, ... everyone just thinks "we will get out of this" without understanding the ferryman always gets his due.
When investing in yourself, make sure that those around you view you as irreplaceable. When employers, customers, or co-workers can't bear the thought of you going away, it gives you alot of latitude.
As much as everyone screams about BRICS and the $USD losing status, its still a good way off. I would likely expect it in your lifetime, but its not in the next 4-5 yrs. There's still too much day-to-day business transacted in USD, its still the sweetest turd in the toilet, and there's still too much USTreasuries held by foreign entities.
Course, if there's major war, everything goes out the window.
Remember, we became the world standard because of war. Same is true with Britain before us, same is true of Spain before them... Look at what people DO, not what they SAY.
Your dad sounds like he knows a thing or 2. Its not only gold&silver, its also beans, bandaids & brass.
Just remember to thank your Drunk Uncles 30 yrs from now when you're sitting on your own piece of land with a cabin you built.
I am a stacker vs collector.
Love that Saddle & Hide wallet you have there. I use one of those in the map-pocket of my car to store Goldbacks that I intend to spend. Usually have a dozen ones and maybe a couple of fives in there for when I'm tooling around in NH. If you don't want spotting, focus on getting Maples after 2018 when they started using their "mint shield" tech on 'em. Supposed to have it "cured" but I'm not sure enough time's gone by to say for sure. I think silver will hover between $28+ and $31+ until next summer. Then, I expect it will run in one direction or the other. Up to $36 or down to $22. Depends on who wins the election and how much confidence people have or not.
@jaybarr3307 jaybarr welcome back! I was wondering when you were going to pop back in. And thankyou I love that wallet it's got my gold backs in it as well. Everytime I open my bullion box I smell fresh leather. Smells amazing. As far as spot goes... if it can hold $30 consistently for the next year I think the floor will become $28 or $29. That would put us in a fantastic position to start working towards $40 over the next 2.5 to 3 years. Thanks for stopping by!
It’s going to hit $40 for sure
Without a doubt! Inflation isn't going to stop so neither will silver
It has in the past recession hit 40 dollars and it might hit 60 dollars however a recession might bring silver back down to 25 dollars.
@Crypt0fin if it does I'm going in on the dip
I agree with your economic analysis and i too think that $30.00 will become a solid floor. By the way, so called "milk" spots are a defect, and are only found on modern coins from certain mints. They are caused by chemicals or procedures used during minting or annealing, They are not part of the normal, slow tarnishing process of silver. If they bother you (and they sure do bother me!), maybe you can trade your milk spotted coins in for un-spotted ones from a different mint at your LCS by paying a slight premium.
That's great advice! I'm going heavy on generic buffaloes so I know they will spot a lot. But once the gold silver ratio drops to around 60 to 1 I'm going to exchange those spotted buffaloes for an ounce of gold! Thanks for watching friend!
For sure the new norm!!
I sure hope so!!
JUST BEGAN MY SILVER JOURNEY LAST DECEMBER! Im 37, and teaching my kiddos about precious metals! Its so cpol when i see my boys look through change(quarters in particular) in search for any coins 64 and before! Lol. Yout got a new subscriber here!
@MarcoMorales you're a great dad! Please keep teaching them they need to know about this when they are older! Digital currency is coming and they need value they can hold in their hands! Thank you for subscribing I'll see you on the next one Marco!
Man, I've been saying it'll go back to $24 but now I'm not so confident. Feels like these current prices will be the new norm. Who knows though. Nice video.
@ReeferGil $30 seems pretty solid. But who knows after this election. I am very confident though that the next couple years price average will be a decent amount higher than 2022 and 2023 price average. Thanks for watching!
I was educating my friend on currency/ silver yestrrday... A random stranger overheard us and chimed in.. He said: "Its so refreshing to see young americans talking about these things". Made me happy :)
@JoshxKoz it's true! It's very rare to see younger people talking about real money. It's something that needs to be reintroduced into western culture. Keep spreading the truth!
No more 30$ silver. FINISHED !!!
We're too far away from 30$ and they don't have enough ammo in news to bring it down by 1.40$.
I hope you are correct sir!
I don't disagree, but if Trump and a LOT of conservatives get in office, things will cool a bit. Right now I'd be getting some paper metals to play the spike between now & Christmas in addition to physical.
We saw from Obama to Trump an increase in optimism and a decrease in S&G spot. I'd expect the same to happen again.
Don't have to like the man to appreciate his policies. England scorned Churchill before WW2, but when things went sideways they all loved him till the war was over (then threw him aside again).
Great video as always, I agree that silver may jump to a 30 dollar floor, I never fall into the hype of hundreds of dollar silver bc it's not a major store of wealth large scale, it's an industrial product. On the flip side with the rising price of everything it wouldn't surprise me to see silver rise just as steadily. Either way I'm buying my normal amount each week and it'll all average out in the end. You don't win or lose until you sell.
Yessir! The floor is being normalized and we are in a healthy spot right now. Consistency is key. Thankyou for stopping by again!
Milk spots, agggh! I bought some 2024 Silver Britannia's (I'm in the UK) last month and, as we do, I took them out just to look at them and found that most of them are spotted. I recently saw a post where the gentleman used a pencil eraser to gently rub the spots and this seemed to work, I'm going to try it next time I open my safe.
It's worth an attempt! Hopefully it doesn't hurt your coins at all. Britannias are beautiful! I wish you luck and thankyou for watching!
If you understand whats going on with the US and world economy and the de dollarization. The cost of precious metals will only continue to go up.
Exactly right!
Any1 in NC?
I think we might see a small (but steady) increase on silver thru the month of July, then around the beginning of August it's price will lock in wherever it may be at and then it will bounce around there for awhile before making another drastic change...and I think this because of where the U.S. Government is doing away with taxes on precious metals, they are going to try and manipulate the market to where it will rise to a certain price that can compensate them for the tax loss once the rest of the states still paying them stops... the new bill for KY goes into effect Aug 1st
@bpp5507 that's all the banks have left is their metals. And the fed is running out of time to print more toilet paper. You can't bail out a system with currency that has no value. So it makes sense that an environment that causes metals to rise would be created. Thanks for watching!
@FourNines-silver I've only just been introduced to the precious metals scene, so I don't really know much about it. I was just online looking at investments for people who doesn't have retirement options thru employers when gold and silver was suggested to me.
And I've got to say, I ABSOLUTELY LOVE SILVER, always have; but i don't own any. That's going to be changing very soon for me though, I'm just waiting for the new KY bill to go into effect before picking up my first kilo of silver. I really want to start yesterday, but in the commonwealth of KY you are literally paying taxes on the taxes that they tax you here. So it's like being triple taxed!!!!!! Even though my buy-in price might be a little higher when I start, I still feel it'll be worth the wait, to keep my state from taxing me any more than they already do
im super excited for you! save up as much as you can and get ready for one of the most addicting hobbies ever. My advice would be to get plenty of generic buffalo rounds. those are the cheapest. pick up some maples made in 2019 or later because they stay in mint condition the longest. buy some american silver eagles as long as the premium isnt too high on them. and before you buy make sure to watch A LOT of stacking videos on youtube. arm yourself with as much knowledge as possible. Im excited for you!
@@FourNines-silver i appreciate your feedback, you are the first to acutally reply back to me with some advice on this, out of 4or5 others ive contacted in youtube....where would you truly recommend I start? Each week I've been taking a set amount out of pay and saying "okay, this is going towards a tax free kilo in August". Once I've done that tho, I was thinking maybe 10oz bars, or 10 of the 1oz rounds every other week after...or do you think maybe it be best if I just stick with bars since it doesn't matter to me if it's pretty or not, as long as it's pure?
ill say this. kilos are not as liquid as smaller pieces. and if you were to turn around and attempt to sell it at a shop in the future the dealer may not be as interested in it as they would be a 10 ounce bar. its big and heavy and most stackers would buy a smaller piece before they buy a kilo. and the dealer knows that. a kilo is a lot of weight for one piece. If it were my decision i would buy 10 ounce bars first. Its important to have some divisibility to your stack. that provides you flexibility. in the future if all you needed was an extra $350, it would be a lot better that you have a couple coins and bars to sell instead of just a $1000 plus kilo. Once you have built up a decent amount of divisibility and you're able to sell different amounts if you ever needed to, then would be a good time to purchase a kilo as a large store of wealth. Theres nothing wrong with kilos but for a first piece I dont believe that the best option. Thats just my opinion! Ultimately buy what you like and what makes you happy!
Hi. Nice to see a new stacker channel. Crypto col
We are here and We are just getting started!!! Thanks for watching!
People just gotta understand the difference from when it was 17 to now, its evidently harder to stack! Under 50 is a straight buy/bargain. After that hold on
@@biglou7733 I wish I was around for the $17 price range. But I'm here now! Keep stackin!
Adjusted for inflation 🥈"stackers" have been OBLITERATED
What do you mean?
I see your point but you need to elaborate. The reason silver didn't adjust for inflation is that banks were able to keep it cheap. Now with solar, and new demand from stackers and those who can no longer afford gold, silver is only going to go marching upward. However, what no one says about what really gives the dollar or even silver/stocks/crypto any value is the desire to own it and use the perception of value to an advantage/disadvantage. The real reason that the dollar has value is its ability to be traded widely on a global scale and when a recession hits banks and corporations hoard it thereby having leverage in future transactions. There was a slight deflation of dollar during the 08 recession as just before it inflated marginally. The problem is they released way too much of it during COVID and with illegal migrants has caused the dollar to be hyperinflated.
@Crypt0fin What we need is societal and cultural acceptance of precious metals. Pms are not even close to as popular as they used to be here in the untied states. My hope is that the value of precious metals will become widely known in American culture over the next few years. That's one of my biggest goals with this channel is to spread the word to the younger generations. Once that value is recognized, spot will almost grow on its own.
BArgain................until it CRASHES back to 24 bucks.................................!
only time will tell!
Sorry big shorts in the queue. Be looking for 26.50 by month end. Sucks I am stacker too but big money is pushing down. Buy copper it's actually super cheap right now.
If it drops I'll buy the dip. Every time silver hits $30 it's price gets normalized in the market. Meaning the more it hits $30 the easier it is for it to hit $30 the next time! Thanks for watching and stay stacking!
@@ShadyD365 kind if but if you can pickup a 5 gallon bucket of wheatly pennies only paying paying 2 cents per penny. And with the laws being revoked about melting older pennies. And with the price of copper being very low right now. You could do well if you held on to when copper prices go back to normal and selling these poor wheatly to a scapper. The price of junk copper pennies haven't adjusted to the fact that they be scrapped. So yes I think you should atleast verify what I am telling you.
But it is a pain in the arse to carry, store and deliver sufficient amounts to really make it worth while.
@@ShadyD365 I heard about that awesome play. And I think alot of people were trying to do something similar with Costco gold and silver thinking they could return them. But Costco would not accept returns on precious metals. But the US mint credit card points was legendary.
So you have made several comments about your silver ocd. I too suffer from this condition. Get some ezest coin dip. Has magical powers
Im going to make a video about my pocket carry after i carry it for one year. The video will likely include coin cleaner lol
If Trump gets in (and particularly if he's followed by a good conservative) we'll see silver consolidate a bit lower. Inflation will pause, perhaps even dis-inflation back to 2019 levels. But long term its going to go up. The industrial demand will push on value till we hit $75 (today USD) then industry will really try to find an alternative. If they don't find a replacement value will run high. Just look at gold used in industry.
@f1y7rap I agree the metals growth will slow with a conservative presidency. Even still the damage this current administration has done can't be reversed. The value the dollar lost can't be regained. All trump can do is somewhat slow it's death. Either way, I'm not buying silver for it's value next year. I'm buying for it's value in 20 years. Thanks for watching it was nice speaking with you!