Should I Sell My Silver Now Or Wait? My Strategy
Vložit
- čas přidán 25. 05. 2024
- Join the Bald Guy Money Patreon Community for great additional content:
www.patreon.com/user?u=85209064
Check out www.pimbex.com/ for all of your bullion needs.
Call them at 888-892-9363 for a free chat about your IRA!
In this video I talk about:
- Silver's price breakout - did we confirm or are we coming back down?
- The 3 reasons I am bullish on Silver right now.
- My Silver sales strategy - when I plan to sell & why.
- I address a viewer comment on the US Dollar and a potential return to the Gold Standard.
Be sure to watch to the very end because it is full of useful information.
None of this advice - I am not a financial advisor - this is educational material!
Links To Data Sources:
Silver Price Chart
www.tradingview.com/symbols/S...
Silver Supply & Demand Data
www.silverinstitute.org/silve...
Silver Historical Price Chart
www.macrotrends.net/1470/hist...
China Economy Article
www.reuters.com/world/china/c...
US Debt Clock
www.usdebtclock.org/
Fed Balance Sheet Data
fred.stlouisfed.org/series/WALCL
CME FedWatch Tool
www.cmegroup.com/markets/inte...
USD vs. Gold Chart
en.macromicro.me/collections/...
Lebanon Article
www.dw.com/en/lebanon-to-pay-...
Egypt Article
www.middleeastmonitor.com/202...
#silver #silverprice #gold
Join the “Bald Guy Money” Patreon Community for great additional content: www.patreon.com/user?u=85209064
It's only $14.99 a month (10% discount for full year subscribers)!
Worth every penny
how about the economy crashes and you bald pleb and you need to hold silver just to feed your family. The great reset is here. Do your research.
Only a fool would sell their silver or gold now, unless they are in the zone of "financial beyond help"
Sadly every day more people are sliding into that situation, which is just horrible to see 😢
It is horrible to see - and I talked just about that in this video.
I sold all my silver 400 ozs a couple of weeks ago, why? I started to realize that buying an oz with such a high premium and the buy back below spot that it would take a very long time to even out the dollar you just spent to make it to par. I had the opportunity to sell mine for a $1 /oz over what I put in. Also just the logistics of carrying 100ozs of silver at a time to sell was ridiculous, keep in mind, I buy a lot of gold and this is what works for me, $100 over spot, sell it back for about spot, also, my wife and I didn’t need the money from the silver and I plan on recycling most of it back to gold when the price comes down like a predicted a month or two ago on one of BGM’s videos. That 400 oz’s wasn’t going to make me rich but I see the value for some people to stack it, invest in it, etc. I have a large spectrum of cash investment products spread around and the gold I have is for me and my wife when we are retired, gold is my tax free supplemental gravy.
I sold all my silver 400 ozs a couple of weeks ago, why? I started to realize that buying an oz with such a high premium and the buy back below spot that it would take a very long time to even out the dollar you just spent to make it to par. I had the opportunity to sell mine for a $1 /oz over what I put in. Also just the logistics of carrying 100ozs of silver at a time to sell was ridiculous, keep in mind, I buy a lot of gold and this is what works for me, $100 over spot, sell it back for about spot, also, my wife and I didn’t need the money from the silver and I plan on recycling most of it back to gold when the price comes down like a predicted a month or two ago on one of BGM’s videos. That 400 oz’s wasn’t going to make me rich but I see the value for some people to stack it, invest in it, etc. I have a large spectrum of cash investment products spread around and the gold I have is for me and my wife when we are retired, gold is my tax free supplemental gravy.
Yes, Prices are obscene. I, was doing pretty well, but things are getting worse every day.
That's what they said when silver was $50
Until there is a form of fiat that is backed by tangible assets, and gold, selling your metals doesn’t make sense.
Unless you're in need of cash.
Well then that would mean it wouldn’t be fiat. It would be actual currency. Currency is a money substitute backed by tangible assets (silver,gold) payable upon demand. Fiat currency is fake.
Soon the BRICS will have one.
@@fu4616 Exactly right. As we all journey through life, we meet obstacles. Sometimes, these obstacles can be solved via spending some cash.
Think roof repair, extensive dentistry, an illness not covered by insurance, etc. In these cases, it is the USE of gold and silver that can be of help
to those who have them. One can usually repurchase their stack once things have been straightened out, sometimes at cheaper prices, so it's
not the end of stacking to sell some PMs on occasion. Fortunately, I've never had to do that but I definitely understand why some would do it
when they really need to do it.
I like the way you responded to Rhonda. Very classy and not often seen in this weird social media world. Thank you! You Sir, are a Gentleman and a Scholar!
Thanks. We are all humans. We deserve to be treated decently and the right to express and discuss ideas.
Could he be a Chef too?
Nahh just slap her intellectually.
Silver & Gold are going much much higher. Know is not the time to sell!! Hold on for dear life. Mr. Toads will ride...
Bald guy, your commentary is spot on as always. I follow you, Andy Schectman, and economic ninja and am a firm believer hard assets. I stack Silver in the form of Silver Eagles vs Silver rounds.. I ❤️ Silver eagles
.
I have never sold my silver in 35 years, I know people that bragged about selling theirs at $12.00 years ago, short sightedness at its best.
why didnt u buy gold? lol
The impatient American way. Short sighted instant gratification society anymore. Which is why collective consumer credit card debt is over $1.3 TRILLION.
@@cockyhemi-123 I've never understood why some people get excited about going deeper into debt. I detest debt and avoid it in virtually all cases.
The few cases for it include the purchase of a modest home and investing in your education to increase your earnings. In these cases, debt that
can be managed is reasonable. For the other vast majority of reasons for going into debt, they can't when one is rational about it. I can't even
remember the last time I didn't pay my CC bill for that month in full and on time. At a guess, maybe 40 or so years ago? Doing this can get to be
a habit but so can NOT doing it. Agree that all too many people spend money that they do not have on a regular basis. One can do this for a very
short time, such as during an emergency situation, but it is definitely not sustainable as a routine way of handling debt.
@@lenhua1947 I did, but the subject was silver.
Still Poor?
The only time I intend to sell my silver (LORD willing) is when the ratio goes down so that I can trade it for twice as many ounces of gold (i.e. the s/g ratio dropping from 90 to 45).
Easier to store and move, if needed.
silver at 5k
I never sold an oz yet..for me it's generational wealth .😊
No doubt!!
My heir can make that decision 😊😊
I have no heirs and yet I'm not selling. I look at the GSR before making any decisions. When I see the GSR near 40 to 1, I might trade a little. My goal is 20 to 1 before I get serious about it.
@@joeyboedeker2047To sell everything immediately sometimes for the most flippant reason.
@@bobsacamano7653 same here no heirs also not sellilng any. Glad no heirs as the world get crazier.
@@bobsacamano7653 OK, Bob, so when was the last time that we had a GSR of 20:1? It's been a while for sure. Question is, can most of us wait a long time for that to happen?
Great breakdown on Rhonda’s statement. You’re one classy Bald Guy.
Thanks. I really appreciate my viewers!
I will sell some of my metals in 3 to 5 years to buy a house.
where
@@kevinjoseph517 In Mexico.
Yes no nation has ever survived government over spending.
And ALL fiat currencies eventually die by this very method. There should be a test for politicians that covers: 1) Austrian economics; 2) Geography;
3) history; 4) math, and 5) general science. Anyone taking this test and not getting at least a "B" should be invited not to run for public office.
@@edb3877 Exactly
Pretty sure we're infiltrated by other governments and that's the exact plan
Would like to see more on gold/silver / real estate trends thanks bald guy
Bought some constitutional silver on the pull back, but I am holding all my metals for a catastrophe or apocalyptic event. At this point, concentrating on adding pre 1933 gold to my holdings.
At 50:1 ratio I'm moving some to gold. Patients grasshopper--
Patience. You’re welcome.
Strange I knew what he meant. Feel better now?
Thank you, sir. We all need a lil help sometimes 😁
you will lose at that ratio. 30:1 and moving under is the trade.
@@jamesdoe3713 That's an opinion, James, not a fact. It might be correct but no one knows at this time. Even back in 2011, the GSR only fell to about 32:1.
While that could happen again, the odds look long to me. I'm not selling silver because I don't need any additional cash ATM. If I did need some cash, I would
be selling just enough to meet whatever needs I had at the time. PMs are money and money is meant to be invested and / or spent. I'd get more interested
in trading silver for gold at around 40:1 but would not do this with all my silver. No, I'd trade it in increments of 10% or so once the GSR hits 40:1 and would
follow it as the GSR drops. I would keep doing that until I either traded 2/3 of my silver stack *OR* until the GSR started rising to and above 40:1. No one
can buy an asset at the very bottom or sell it at the very top. But we can hedge our bets via selling like we buy - in increments.
Selling real money for any fake money thinking you are getting RICH is just wrong imo. Selling paper silver well that's another story
Exactly. Maybe swap to AU or real estate
Pay bills with fake money then swap to real lol
Yes. Only sells for something8f long term tangible vslye ... as a trade. Fiat is not a logical purchase, just a transaction tool.
Unless you really need the fake cash hold on if I sold all I would just waist the money. It's really a good savings account for me
It's all vanity. Gold and silver aren't real wealth, and you will leave every bar behind when you die. Real wealth is eternal, and it is by the grace of God through faith in Christ Jesus. It's free. Just come out of the darkness and claim it. Pass from death to life.
I am not selling my Uranium ETF either, it went up .75 a share or 1.83% on the day, last Friday and the Friday before my Copper ETF went up 5.24% on the day. Just keeping everybody in the Loop.
You are my favorite silver content creator. I tell people to go to you for current news, logical silver direction and price prediction, when I get that glorious rare moment of someone wanting to talk metals with me lol. Have you done a video yet on people talking about silver going to $3k or breaking $1k. Those videos give me rose colored glasses, but I really like your realistic, and logic replies and deep dives on price predictions. Thanks bald guy, you're really my ATF(all time favorite) stacker channel.
Thank you so much for this nice comment! I regularly see your comments and they always make me smile. Thank you for watching.
I’m happy you spoke about strategy. I’m ready for retirement and have been holding physical silver and gold in IRA. I really don’t want to die at my desk but it helps to hear your take.
I am retiring in July - I also didn't want to die at my desk. Wishing you all the best Anna.
@@baldguymoney5568 Congratulations to you and Anna!!
@@baldguymoney5568from this channel or do you also have a day job?
@@SupplementalDinner-zs4np Yes, indeed. Welcome to the group of retired people who can do as they wish and can afford. 👍👍
Thank You BGM! I appreciate You and your Intel :)
Glad you enjoy it!
I find this to be the most important part of the transaction. Knowing when to transition out of metals holdings.
Anybody can get into a position, but knowing when to get out of a position is wildly important. So I really appreciate this video.
"Anybody can get into a position, but knowing when to get out of a position is wildly important."
Yes, it is and it is interesting to me that so many stackers have the "never sell" mentality. PMs are an asset and any asset only improves our lives if we actually USE them.
I learned this lesson a long time ago when I bought some shares in a computer company for $5 each. It did nothing for a while and then went parabolic. I was tempted
to sell at $100 a share but held the stock. It then went to $150 a share and I HAD to sell it, so I did. Friends of mine said that it was "going to the moon!". It did go higher,
up to $230 or so a share before it crashed back to $5 once again. I made a good amount of money on that investment while my friends took an exciting ride that ended
with them right back where they started. I'm trying to recall the name of that company. I think that it was Sun Microsystems but am not sure. Now, I am not saying that
stocks and PMs are the same but they ARE assets and as such can be used to improve our lives or they can just lay there and not do much. Even when they do a lot,
they still need our help to figure out when selling is appropriate. Having a blanket never-sell attitude is not particularly helpful in such things.
Thanks for watching. Anyone preaching never sell is not looking out for you. There are times when selling is a necessity. Best to know when the best time is.
Selling my cash for silver 😂
I like that!
Or getting Rid of Toilet Paper for real Wealth
Well its actually a planed reset to bring about the new currency system. So they devalue the old till it collapse and bail everyone into the new digital cbdc. Plenty of news sources to validate this. Government will most likely blame Trump for this 🤣
@@matthewbyrns-sp8lbCurrency used as napkins in Zimbabwe.
@@silverman5707 Yes, and in Venezuela as well.
You will need silver for when a loaf of bread costs $50 and a good steak from your butcher will be $100. Spot price for silver in March 2020 was $11.74 an ounce and now $30.52. True inflation on everything is roughly 30% or more. Do the math!
Agreed. The interesting part of this is that gold and silver are likely to rise in value by several fold, making that $100 steak worth about 1/2 an oz. of silver and that $50 bread to
be about 1/4 oz. an oz. of silver. Actually, I'm thinking that bread and gasoline will both be worth about the same as a silver dime. A good steak will be worth more than bread
or gasoline but probably not 25-100x more. Just bought gas today. It was $4.09 for unleaded regular. Yes, a silver quarter is worth more than this.
$50 bread is a long ways off but hyper inflation will eventually result in massive death by starvation or because many refuse to get the mark of the Beast without which you can nit buy or sell.
Great Info BG...Thanks for the Update. I'm basically holding mine for for my Kids as well.
Thank you Rick!
I’m very thankful for your informative and unbiased videos! Your genuine concern to help others is evident in all your videos! Thanks again BGM and God bless you!
God bless you too friend!
Thank you for the update. I totally in agreement with you and I am holding on to my silver. It will be great if you do a video on Gold too. I am a big fan of your channel and keep up with your good works.
Cheers!
Thanks, I love your podcasts.
Sell? Never!
Trade? Now, that's an option, if I get some good offer.
Wow Bald Guy Money , I am from Lebanon and like always you are 100% right, kepp up your beautiful work :)
I have been to Lebanon. In Beirut I paid for Everything in Dollars. God bless you and I hope Lebanon will thrive again!
I want to ask for your advise in a matter of silver,
In Lebanon we have Local Silver bars 999 (Cast):
[1oz, 250g, 500g 1000g]
and we have international Silver from Valcambi
[1oz, 100g, 500g, 1000g(Cast), 1000g(Minted) ]
My question is :
as for Friday prices Silver(30.50)
1000g - Local Silver (Cast) =~ 1032$
1000g -Valcambi (Cast) =~ 1091$
1000g -Valcambi (Minted) =~ 1115$
1- What is the best to buy Local or International?
2- What is the better [1oz, 250g, 500g 1000g] to stack?
Thanks a lot for all your support, wishing you all the best
@@baldguymoney5568 Next trip tell me when you come to Lebanon it will be my honor to help you in anything :)😇
I always prefer internationally known - just in case I need to take it somewhere. My stack is mostly 1 oz. Coins (like Maple Leafs / Britannias) and 500g cast bars from known mints.
@@baldguymoney5568 ah ok ok thanks a lot for this precious information :)🥰
States are beginning to reject capital gains tax on precious metals. Should we all wait?… When and what scenario is the most opportune moment to sell?..
Great question!!!
Thanks BGM! 😊
You definitely deserve more subs and a bigger audience. Me and my wife love your channel.
You deserve more subscribers 🙏🖖
Thank you for that nice comment. They are slowly coming.
Thanks for another insightful video!!! I too am holding my silver, in fact im continuing to purchase it. I believe it will continue to outperform gold this year.
Debt has been increasing for years, silver supply has been increasing, interest rates have lowered before, none of these directly affect silver. As an investor, i think, the silver market is 100 % fixed. There is no transparent rhyme or reason. If you have gold or silver, hold it for an emergency. Real estate is probably the best indicator. I think, if people are not able to buy homes, they will look for a safe asset to park their money. Banks 100% manage the price of metals. There is zero certainty in owning metals for profit. There is 99.999 % certainty in owing precious metals for safety.
Show me one example of fiat currency surviving in history? Silver was used as money 4000BC and people always go back to the basics with fear
Fear and greed are the 2 motivations
Your thinking and talking from greed
Fine update. I did buy gold last week and thought I should wait till later next week to purchase more silver. I have absolutely no interest in selling my silver OR gold. I just tell myself, metals are insurance, period. One should only buy metals with currency they don't need for any other daily purpose. Four consecutive years in the declines in silver production ought to wake up some, and the U.S. DEBT will NEVER EVER be reduced. Fractional Reserve Banking can't allow it. Keep up the good fight!
Another great bald guy money video, always informative and entertaining.
Glad you enjoyed it.
Yes u nailed it. Passing on the stacks to my kid and hopefully he will continue the same strategy
Could you do a video on how to sell metals when you need to sell them i.e. in store, online vs bullion dealers etc. ? Thank you
Soon!! It’s coming very soon.
BGM is one of my favorite YT channels. Very level headed analysis and no fear mongering. I am curious; what do you think is a good target / range of the Gold to Silver ratio when considering when to exchange silver for gold?
Yeah, what you said!
Hi Bald Guy, question for you.
My family’s financial advisor thinks that the Fed will lower interest rates before raising them, possibly this year. I understand the US debt problem, but inflation is still rampant (much higher than the 2% target) and the market is at all-time highs. Usually there is pain before lowering of interest rates. Would you expect the bigger trend of the Fed to lower rates or continue raising them in the current economic and market conditions?
Thank you 👍👍👍
You always talked about future Silver price based on your math, but technically considering the Cup & Handle pattern (triple top, inverse Head & Shoulder and all moving average d/w/m), the target price could be around 90 USD right? If so, 100, as a rounded number, should be possible? I think most of the traders will base their tgt price based on technical analysis. Am I wrong??
I’ve got my 10 year old son into stacking silver, and I’m always explaining things to him. I’ll probably show him this video or just explain in my own words, but I appreciate how succinct and simple you explain things. Typically what I watch are 30-60 min videos on metals, trade, economics and geopolitics etc…so it’s nice to have ones that aren’t as big time commitment and probably something my son can watch.
My oldest son stacks. He’s got some gold and silver. It’s good to start them young.
Thank you for your channel. I am learning a lot. A while band ago u mentioned a buy for gold miner company Rus Gold Inc. do I buy thru like Vanguard or thru the company? Your channel is 1st class!❤
Good video.
You continue to make accurate predictions which is incredible given how many variables there are in the precious metals market. In terms of selling, what if the recent rally has brought your precious metals assets higher as a percentage of total assets? What if you started out with a 30% allocation to metals and now it's 50%? Perhaps makes sense to jettison some if you don't want that much of a commitment and maybe sleep better at night. Thank you for all the great guidance you continue to provide (we all know this does not constitute financial advice).
Could not agree more, "never ridicule\underestimate the strategy of a patient man". Love ZA
never hear the housing/ metal ratio , but sound interesting do you have a video on that
I'm with you Bald Guy.
The only silver I'd consider trading for the present FRN would be my sae proofs, to turn them into regular bullion.
Thank you for your videos.
Bald Guy, I was definitely intrigued when you indicated medals to real estate. I would love if you could explain that in a fashion like how the silver to gold GSR works. Exactly how would you use the quote precious metals to real estate ratio?
Bald guy.... you explain things very well !
yes I did buy top of the market in 2011 on the back end of a youtuber's advice; the storage payments been ridiculous. But I am still not selling it-I have waited too long for this bonanza besides what else would you buy instead?
Thank you. When I see the huge spike in the 80's, in a silver mania, I don't know what percentage I would sell ? What will be my trigger to sell (gold/silver ratio? House/silver ratio ?) ? Where I would park my money if I expect to buy back after the mania ?
Nice to see that you are respectful, does not exist much anymore
I appreciate my viewers.
Thanks so much for your insight on these issues. I have used your comments for some personal strategic decisions. I know everyone expects short term interest rates to reduce but the amount of debt to be issued and the refinancing coming up create concerns about the ability to push rates lower. What happens when there is more debt to be purchased than investors who believe in the the US $?
I sold the breakout. When Silver hits 50, will you consider a wig video?
lmao 😂
Very brave of you. Was it paper or real silver?
Hey bald guy iam thinking about trading my gold in for silver what you’re take on this .
Does the triple top pattern we saw form yesterday show a trend reversal, and are we likely to see the market on silver be bearish for the next few weeks or months?
How low do you think silver will go in this sell off?
Going to talk about these things in tomorrow’s video
Hey Bald Guy, I don't know if we will go to a Gold back standard but the value of Gold has gone up 500.00 dollars since BRICS has doubled in size last year. Now BRICS is suppose to double in size again at the end of 2024. You should know how exponentials work. I truely don't think it'll take 50 years for the dollar to loose its status. I believe it'll be within the next 8 years.
Bald guy will you sell all of your mining stock or just a specific percentage of shares and at what ranges would gold and silver have to be at in order to make the change. Thank you
Probably all! Remember, I was very bearish on miners up until last summer when I saw great value in them. I will get out of the miners and pivot into something else whilst keeping my stack mostly in tact.
on a similar topic, can you recommend any good sites or YT pages that can explain the candlestick stock charts easily for a semi-brain dead old guy like myself?
Thanks
Awesome !!! 👏
Perfect reasoning Bald guy !! Totally agree ...we all feel around the world something iß differently wrong this time ! Even wars are connected to your principles of waste Fiat money ! Thank you for your lectures!
Cheers friend!
I'm glad I got on board with gold and silver over a year ago (better late than never). We really don't know what will eventuate in the next year or two. There's a lot of uncertainty out there and I'm enjoying watching my new hedge on life increase in valve over that relatively short period.
the thought of selling my silver never crossed my mind when the price went up. just that it would be harder to purchase, perhaps. i think around the late fall and winter months we'll see some upward movement again but i'm happy for it to stay for a while longer.
Another great video indeed
Glad you enjoyed it!
I love the pullbacks. Means I can buy for cheaper.
Thanks for the video Bald Guy!
Good explanation. What’s your opinion of the most solvable ( easy to sell) forms of silver ? Is a coin or a bar ?
For sure it’s sovereign coins.
The Dollar isn't going away, it's going to be around for a long while, what it's worth might change. It is diminishing in value and use around the world. Gold and Silver are better bets. Whether or not the US goes to a Gold standard might be irrelevant. Our country faces a lot of turmoil in the next few months. We'll be lucky to have a country worth living in. Your Gold and Silver might become the best for Barter should thing get bad. I would value Brass & Lead also. Good luck.
And an “ victory garden”
Trump 2024!! 🇺🇸
@@bc_usa I seriously don't think it's going to make a difference, We know Biden isn't in charge of anything, here lately I begun to have doubts in Trump's alliances. Recent polls have 37% of people on both sides saying violence is an option if they lose. Now throw in the 20 Million Military age men that just crossed our southern border. Time is running out.
@@bc_usafor prison!!!
@@randywhelchel4674 Yes, and the skills to keep it productive. It's a terrible strategy when people put off learning how to garden until they have to garden to survive.
There are some tricks and some pitfalls to gardening, like most things. Finding what does and does not work in gardening is best done when we won't starve if we
take a misstep.
Bonjour from Canada ''Bald Guy'', What are the differences and advantages of buying bullion or collectibles in silver? Taking into consideration the following: 1. Give back to my children (20 years approx) 2. Purity & value 3. Liquidity 4. Investment 5. cost of premium 6. Potential for appreciation 7. Diversification (portfolio) MERCI BEAUCOUP!
Hey BGM, could you be a bit more specific concerning exchanging metals for real estate. Do you mean buying rental properties? I can't see buying commercial real estate as being a good investment. Do you mean buying land for the purpose of mining speculation? Do you mean land as in farmland? I'm loving the channel BGM. Keep up the good work.
I agree, PGM needs to provide a bit more clarity regarding the purchase of real estate, rental property can be stressful with all issues involved. Land in general ?
I’m waiting until the floor is around $40 and I’m buying more after it dips below $30
Great video bald guy.
Excellent report, back up the truck 🚒😜🚒🚒🚒 it's real money 👍👍👍💰💰
Beep! Beep! Beep! The sound of backing up the truck.
BG, I'm a relatively new subscriber and appreciate the way in which you articulate the subject manner. I also like your manner of speaking, almost like a radio/tv personality. Can you provide some of your background as I believe you present yourself very well for a young man.
I’m Canadian - studied economics - I’ve lived all over the world - worked in business strategy in a large company for 16 years. I am retiring in July.
Been doing decently the last few years, but prices are beginning to kick my ass.
Hi Bald Guy Money, is it better to buy precious metals with higher spread but cheaper price/oz or lower spread but higher price/oz? I know you read every comment, a million gratitude.
I assume you are referring to numismatic vs bullion coins. Is that correct? I always go with cheaper price per ounce vs. Spot on recognizable things. Most of my silver stack is Britannias / Maples / Philharmonic coins / bars from known mints.
Hi Bald Guy! I appreciate your honest content on metals. Do you think holding silvers bars are better than stacking silver coins? Or doing both?
Definitely both!!!
Hello bald guy money you've done it again excellent video and thank you for this crucial info. 😂
Thank you for watching and commenting. I appreciate you!
Most silver comes from mines where silver is a secondary mineral, 2 mines in Australia that I know are in care and maintenance as their main mineral is down % like lead. 1 mine spent $300m 2-4 years ago to build a new mine and has shut down, that mill now would cost $400m+ to build now. Deposit that have say 300m ounces of silver but have a average crush rate of only 5 to 10 ounces would be lucky to stay open on $30 per ounce. There is gold mines here as well that have low deposits as well where mills are sitting idle as $3700 aud is still not enough after cost to restart a mine.
Empires collapse because they succumb to greed, then corruption the paranoia. However, this is built on societies that become to complex. My advice would be to keep it simple,.keep eveything you need to hand or close by and don't succumb to the nonsense that you are fed on a daily basis. Gold, Silver, Food and and an alert mind should be a good base for what we are about to face. Thanks again BGM.
GOOD VIDEO
Thanks!
I can only speak for myself, but although I tell myself that my gold and silver are investments, on an emotional level, I love my gold and silver and never want to let one ounce go. I guess that, unless there's an overriding financial need, I can't ever see myself selling any precious metals, so my only real concern is, when I buy more, am I buying at a wise time. I can't verbalize the feeling of security and wealth I get from my metals.
This year was the first year since 2001, that I'd travelled to Jamaica and the locals preferred their Jamaican Dollars over USD. Times are changing. The USD is becoming less and.less popular.
Your an Outstanding individual and you also have great advice.
Vince Murry
Cheers Vince!
Would like to hear your take if you have done one on if you think there will be another huge crash at the end of this bull run like we saw in 2013? I know I will eventually need a good portion of my stack in the next 5 years and it would be tragic to see it shoot back down to $10 an oz right when I need it after it reaching however how we will see
Also is there a possibility of silver/ gold reaching new highs, silver around $150 (not saying it will) prices for things being stable or would you expect things to rise accordingly?
With the prices of silver now, would you favor a SGR swap for gold (some gold) ? Pros and cons?
If you don’t have cash to buy the metal you want I might wait for a 60 to 1 ratio before swapping silver for gold.
The big question is: what other asset comes without counterparty risk? Real Estate is prone to many taxes, saving fiat as we knows depreciates greatly. I agree with that a person should only sell in the most extreme caese, hold tight!
Silver USA quarters are worth about 5.50 today. In 1965, those quarters would buy a gallon of gas here in Michigan. I just paid 3.25 to fill my tank, meaning silver has more than kept pace in the last 60 years. My silver will be passed on and I will sell my miners and PSLV when the time is right. PM’s is the only safe real money we have. My advice would be to not leave a paper trail…
Gas was alot less when Trump was president. 😮
duh really, wonder why.@bc_usa
In Derborn MI in 2011 the Arabs where accepting silver dimes for gas at the gas stations.
@@chrismartinez8393 Arabic culture has long appreciated gold and silver as real money. The flimsy paper stuff we use as money these days is terribly vulnerable to
all manner of crises. Those living in other parts of the world have gone through many such times and often have a family history where an ancestor was wiped out by
such problems. It's a terrible thing when the work of one's entire lifetime is destroyed because they kept ALL of their earnings in a failed currency. This is why I hold
gold and silver in a large enough amount that it acts as insurance for my paper investments. If / when the US$ crashes hard, gold and silver are likely to rise by
multiple times, so having 10-20% of one's net worth in PMs should be enough to recover from financial disasters, from which many will not recover.
Real Estate helped make my life comfortable and gave me the ability to now start traveling. I hold Silver, Gold and Real Estate. I agree you need to try and make an educated guess when to move certain assets to another asset. Thanks for the video.
Cheers! Real Estate has done the same for me.
I wouldn't sell my silver for paper, might flip some if the G/S ratio drops 15 to 1 🤷
Do anyone think it would be crazy to see the spot price of silver goes over 500 dollars an ounce in the next 10 years
That would depend on just what $500 would buy us at that time.
@@edb3877 well the Dow Jones industrial will cost about 20,000 dollars for 1 share to put in perspective.
It would just mean the fiat dollar is finally coming to a end and if that happens then 500$ a ounce will not seem like such a good thing when the majority of people will be starving and rioting in the streets.
Tq
I bought paper silver to make some money to buy real silver. This is the way to financial freedom, not beans and rice
Yep , hate is a no. 1 killer for a lot of youtubers. Sorry to hear that BG
Hey Marek - it's ok. All CZcamsrs get hate. You have to roll with the punches.
I'd rather be hated for who I am ; then, to be liked for something I am not
That tailing top overrides the fact that 30 held last week, in my book.
Yeah - let's see - a dip below $30 is definitely in the cards.
Hope not
@@baldguymoney5568time frame? As in if it’s not in 2-3 weeks and it goes back to 35 the dip is off the table ?
@@matthewbyrns-sp8lb Personally, I got it moving back to $25.75 over next 2 weeks, then moving back up in June with the real breakout in July.
Silver should pullback 50 to 62% of that last $26. to $33. run.
Buying silver requires faith and more to hang in there through thick and thin until there is a strategically beneficial gain.