I was paying 35/oz back in 2011 I’m still not breaking even on that buy. Silver went to nearly 50/oz but I held onto it. I still own that silver and have continued to buy over the years. I have no intention of selling unless it becomes necessary so it really doesn’t matter. Bottom line Ive got some financial insurance and barter protection. Gold has been the big winner and I hope to buy more to insure my wealth. It all belongs to God in the end and if it helps for one to sleep better at night it’s done its job.
Cheers Patrick I’m jealous Singapore Huh? Always heard it’s beautiful there Love to visit one day brother Enjoy Oh right and Silver too 😀Love your work
“Other countries are demanding higher interest rates” is true but what is more problematic is that the form of demand most prominent is their lack of buying. At the last u.s. treasury auction the u.s. fed needed to buy 25% of the offering rather than their typical 10%. We are galloping towards the day that the auction fail. T when the fed is asked to buy over half of the offering, we are going to fall off of the game board. It might happen in a year and it might take decades, but I’m betting on sooner rather than later.
EXACTLY :::: In fact it might just happen this year as the Fed is churning over 9 Trillion in the next 7 months... In fact Anyone can go look up how many T Bills roll over every single Week and Know that whatever they cant Re package the Fed is forced to Print and buy more. People Talk about Inflation .. Well UNDERSTAND THIS... 35 Trillion.. So if the Fed is adding 4 Trillion every year then that alone is over 10 % . So Commodities will follow suit... And As the Manipulating game comes to its end then those Commodities that where manipulated the Most will Advance Even faster and NO Other Commodity is more Manipulated then silver is.. How can you tell this as Truth ? Glad you asked LOL . Well they report 400 paper to 1 Actual ounce . No other Commodities is even close to that number. Next is the Premium... Why you think Silver Premium is higher % then all others ? Because Silver is so hated right ? LMFAO...
The first time I heard of Gareth was on Kitco News with David Lin. I couldn't wait for his next interview. I never miss an episode of Verified Investing every morning at 9 eastern time before the market opens. His free insight and chart analysis is priceless. Not only is he very knowledgeable and accurate, but he is genuinely an honest and good person. Thank you Gareth for helping us novice retail investors make money. 😊
I know...hehe. Couple weeks ago I was going over charts, going over how $28 was a sticky point. Realized if it gets past $28ish again we could run. Why? It's knocked on the 28 door went past it, came below it and back and forth. With 30ish it knocked on the door as well. It basically knocked on both doors and I found this interesting. Sent an email to Dr. B and Gareth without saying anything since I wanted an unbiased opinion for all of you. And the pros that they are came on and nailed it. Kudos to them and darn this interview is old now hehe 😄 Enjoy the ride!
Fyi, Gareth shorted his portfolio to less than 0 in his trading service and tried to attract paid subscribers to follow him off a cliff. His NVDA short trade alone made his ENTIRE PORTFOLIO go down 40%. He's still holding down 300%.
The ratio is meaningless. It had meaning when it was 16 to 1 in 1873 and was considered money. But the Coinage Act of 1873 ended that ratio. Gold is still money but silver is really an industrial metal. So you are comparing apples and oranges. Silver will go to $300 an ounce and gold can go to $30,000. So what would be the ratio then? Who cares?
I use supply and demand for silver. Not ratios. I wouldn't sell at a ratio of 50. I don't use ratios to trade. If I felt silver was overvalued and gold was undervalued, it would sell some silver and buy gold but a ratio is not my measurement. Supply and demand is my measurement. A prudent investor needs to look deeper than ratios. Ratios like stock support prices are artificial and psychological and are meant to be broken. They break all the time. Gold and silver are not complements and they have no correlation. Gold is money and silver is an industrial metal. Silver industrial demand is increasing and the use of naked shorting and speculative longs is decreasing. People and countries are now taking delivery. The silver price could go ballistic this year. We will see.
What a difference a day makes.
Yes, incredible day!
Thank you Garth and Patrick.
Silver touches $31, congratulations everyone.
Hoping it holds.
Touches? It blew past it to close at basically 31.5
Great interview Patrick ❤
Momma was wrong again it broke out the next day, resistance becomes support.
I was paying 35/oz back in 2011
I’m still not breaking even on that buy.
Silver went to nearly 50/oz but I held onto it.
I still own that silver and have continued to buy over the years.
I have no intention of selling unless it becomes necessary so it really doesn’t matter.
Bottom line Ive got some financial insurance and barter protection.
Gold has been the big winner and I hope to buy more to insure my wealth.
It all belongs to God in the end and if it helps for one to sleep better at night it’s done its job.
Holy cow we finally broke 30.
Guess he was wrong no bouncing no nothing just break right thru lol
Hehe, yes...great time to be wrong :)
we are already at 32 for silver. don't know when this was recorded
Cheers Patrick I’m jealous Singapore Huh? Always heard it’s beautiful there Love to visit one day brother Enjoy Oh right and Silver too 😀Love your work
Thanks! If you ever make it this way let's go have some coffee :)
@@SilverBullion it would be great and my honor sir Have a great day Patrick
Hello Patrick, informative interview.
“Other countries are demanding higher interest rates” is true but what is more problematic is that the form of demand most prominent is their lack of buying. At the last u.s. treasury auction the u.s. fed needed to buy 25% of the offering rather than their typical 10%. We are galloping towards the day that the auction fail. T when the fed is asked to buy over half of the offering, we are going to fall off of the game board. It might happen in a year and it might take decades, but I’m betting on sooner rather than later.
EXACTLY :::: In fact it might just happen this year as the Fed is churning over 9 Trillion in the next 7 months... In fact Anyone can go look up how many T Bills roll over every single Week and Know that whatever they cant Re package the Fed is forced to Print and buy more. People Talk about Inflation .. Well UNDERSTAND THIS... 35 Trillion.. So if the Fed is adding 4 Trillion every year then that alone is over 10 % . So Commodities will follow suit... And As the Manipulating game comes to its end then those Commodities that where manipulated the Most will Advance Even faster and NO Other Commodity is more Manipulated then silver is.. How can you tell this as Truth ? Glad you asked LOL . Well they report 400 paper to 1 Actual ounce . No other Commodities is even close to that number. Next is the Premium... Why you think Silver Premium is higher % then all others ? Because Silver is so hated right ? LMFAO...
A few moments later... 🌍🔥🚀🌌🌖
The first time I heard of Gareth was on Kitco News with David Lin. I couldn't wait for his next interview. I never miss an episode of Verified Investing every morning at 9 eastern time before the market opens. His free insight and chart analysis is priceless. Not only is he very knowledgeable and accurate, but he is genuinely an honest and good person. Thank you Gareth for helping us novice retail investors make money. 😊
Like most people Gareth speculates. Sometimes right sometimes wrong. The charts behind him are show props. Just buy gold and silver.
Time to update this video, lol!
I know...hehe.
Couple weeks ago I was going over charts, going over how $28 was a sticky point. Realized if it gets past $28ish again we could run. Why? It's knocked on the 28 door went past it, came below it and back and forth. With 30ish it knocked on the door as well. It basically knocked on both doors and I found this interesting. Sent an email to Dr. B and Gareth without saying anything since I wanted an unbiased opinion for all of you. And the pros that they are came on and nailed it. Kudos to them and darn this interview is old now hehe 😄
Enjoy the ride!
Gareth is a great Macro Economic Guru!!!
you're delusional if you think this guy is a macro guru
@@Canadian_Eh_I Oh ya who is better? Please let me know.
Silver about to rip
Gold, Silver, Bronze. I like 2nd place 😊
Platinum is 1st
Gareth calling for pullback before the breakout. Horrible TA
Ben Shapiro has an audio twin.
I said the exact same thing. I wasn't watching the video and could imagine Ben Shapiro lol.
My wife said the same. She thought I interviewed Ben Shapiro...then told me, "oh wait, you're not that popular" 🤣😑😏
I can watch any site that i want to. I have enough sense to judge what i think is for me, i don't need to self censor myself.
You will be retesting 50 dollars in the very near future, The rigging tas taken place for over 100 years.
This video has TOO MANY ADS !!!
No one discusses The elephant in the room, the silver naked shorts by the big banks
Fyi, Gareth shorted his portfolio to less than 0 in his trading service and tried to attract paid subscribers to follow him off a cliff. His NVDA short trade alone made his ENTIRE PORTFOLIO go down 40%. He's still holding down 300%.
The ratio is meaningless. It had meaning when it was 16 to 1 in 1873 and was considered money. But the Coinage Act of 1873 ended that ratio. Gold is still money but silver is really an industrial metal. So you are comparing apples and oranges. Silver will go to $300 an ounce and gold can go to $30,000. So what would be the ratio then? Who cares?
So when the ratio goes 50:1 and people flip silver for gold, meaningless?
I use supply and demand for silver. Not ratios. I wouldn't sell at a ratio of 50. I don't use ratios to trade.
If I felt silver was overvalued and gold was undervalued, it would sell some silver and buy gold but a ratio is not my measurement. Supply and demand is my measurement.
A prudent investor needs to look deeper than ratios. Ratios like stock support prices are artificial and psychological and are meant to be broken. They break all the time.
Gold and silver are not complements and they have no correlation. Gold is money and silver is an industrial metal.
Silver industrial demand is increasing and the use of naked shorting and speculative longs is decreasing. People and countries are now taking delivery. The silver price could go ballistic this year. We will see.
What I'd like to know is who's letting us borrow money since we have tariffs😊 and sanctions onjust about all the countries
Oh god I have to wait another two years to retest $50 shit!
Maybe 2 days, 2 weeks or 2 months 🤏
Not necessarily
Doubt it.
I ❤ Soloway
Dont worry - spend spend spend because the government will bail me/us out again!!!
Good luck with that, government will print like crazy, make Weimar look stupid.
Gareth is always wrong
No thanks.
30 dollar???? JP Morgan say o NO
Gareth is losing weight!
Hope I loose some, lol
Pickleball is helping