What People Don't Understand About Silver
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- čas přidán 21. 05. 2023
- In this video I talk about what people get wrong about silver. If you are wanting to invest in silver or start silver stacking then this is the video for you. When it comes to buying physical silver such as silver coins, silver bars, and silver bullion you need to know that these things will not make you rich. Silver is a wealth preservation tool. I believe that it is a good idea to own silver, but I have reasonable expectations about what my silver will do for me.
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Topics I cover in this video: silver, silver investing, invest in silver, silver stacking, silver price, silver price down, silver price up, what affects silver price, silver price prediction, value of silver, silver bullion, silver coins, silver bars, silver stacker, silver stack, investing in silver, silver investing, truth about silver, is silver a good investment, should I buy silver, should I invest in silver, when to buy silver, should I invest in silver coins, silver coin investment, why buy silver, buy silver, buying silver
#silver #silverprice #silverstacking
I dont think silver will make me rich, but it is a component to help prevent me from being poor.
But its going to protect the money you have and they are not getting it
@@davidgosnell5901 Yep!!👍
Very well said
@@roundnshiny Thanks!
I think it WILL make you rich sooner rather than later. Of course you’ve got to have a enough ounces. Fiat is a dead man walking
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
@Adelinde-Isabell That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well
@Adelinde-Isabell The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
@Adelinde-Isabell I will give this a look, thanks a bunch for sharing.
Government stealing from people via inflation.
Eggs. Palestinian mothers reportedly fed their kids eggs until the final days. In my mind as long as I have chickens cooped up I can never starve. They eat the bugs and worms and I eat the eggs.
I bought a car with a bad engine for $500 I got the engine for $400 I put it in the car and then sold the car for $5500. That's how you get rich. I converted the $5500 to silver and gold so it doesn't get deleted in one key stroke.
Excellent
@@user-bt9cm7ze4c I still buy cars with engines. I still buy gold with profit. It sounds like you work on your creative comprehension skills and come to the under that gold won't make you rich. It keep you rich. Your skill set is what makes you rich with gold.
Nice. =D
I didn't start stacking to get rich. It was to preserve what i have. Also, to be honest it's alot easier for me to save by stacking instead of having quick available cash sitting in the bank. What i have in my bank account determines my spending budget. Converting dollars to physical metal keeps me from spending more available cash. For me, anyway, by having metals, i don't see the cash amount in my account, so I end up spending less. I don't even look at my gold and silver as cash right now. If i had all the metals converted back to cash, I'd feel like i had more to spend. A psychological thing for me, i guess.
you aren't alone.
I'm the same way. Changed banks recently but kept the old one open. Now, as I have a bit extra, I xfer it to that old account as my "silver stash". When I get enough in there, I place a silver order. Like you, its a psychological thing because I'm not always looking at that account, I don't think of it as "spending money", same way I don't think of my silver as "spending money". Its just there if I need it, but I know I won't be buying crap with it like I would if it were cash.
Once when I was broke and needed $2,500 to pay for a lawyer I cashed in some silver to pay. I too put most of my spare money into metals because I like to spend. Recently I’ve been funding my UPMA account as another way to save with the option of accessing it in an emergency. It is just another layer of protection.
Same for me.
I don't understand why people prefere to preserve value rather than multiply it by investing and increase their wealth:/
I stack silver for a shtf situation.
I also stack lead for the same reason.
me too. I have almost 5 boxes of No2 pencils... mint condition.
@@HappyBuddhaBoyd I hope your trolling lol
Lol now if you could throw your pencils at 1500 feet per second ..
@@unpopularopinion1776 lmao
@@HappyBuddhaBoyd Throw them in the tumbler, did you?
Physical silver is the one asset that's not documented on a computer. Your house is on a city assessor site, your stocks and 401K are on a broker website, your CD's, IRA's and cash are on your bank website but physical silver is not documented or represented on a computer screen like other assets. It's an asset outside the system. It's not being tracked by the government because it's not documented on a computer system for the government to track. Physical silver is freedom from the government.
That has to drive the government crazy
Which is why they smash the price down with manipulation. To keep ppl disinterested
Always, always buy it with cash!!
This is why people need to use Cash more. Not saying that will do jack for those other things... But Cash is another thing thats not digital.
That's not accurate, in some countries. Even though certain companies do allow cash purchases, in New Zealand, with every purchase, you are required to supply a photo ID, supposedly, for anti-money laundering policies. I would not be confident that these companies would not hesitate to supply that information, with the Government, if Laws were regulated, making it so.
Still, the Government knowing I have it, & them demanding it, as 2 different scenarios.
Historically the silver to gold ratio has been 16:1 when treated like money. Currently it's 80:1 in the US. I believe there is wealth to be gained when the BRICS currency competes with the dollar in the very near future.
oh yea, the world hates the dollar as the reserve currency and the IMF loans bankrupting smaller nations. I don't see silver ever returning to anything like 16:1 ratio, regardless going to be interesting times ahead. When Nixon took the dollar off the gold standard, it shifted over to being not directly but practically speaking backed by oil, and whatever happens with BRICS, looks like it's a done deal the dollar being backed by oil is over.
I don't think the BRICS nations have a chance at competing with the dollar. I know that's talked about a lot on CZcams but I really don't think they have a chance
Not a chance, please further educate yourself so that you don’t waste your money. Fiat currencies are obviously, categorically, unwise yet have come to be the norm since WW1 HOWEVER you’d have better luck melting wood than ever seeing the BRICS nations creating a stable currency that comes to surpass the USD as the preferred Reserve Currency of the World………..
@QuickSilver Faith is what backs fiat currency. I'd put my faith in something other than a nation nose diving into communism. Like gold, silver, and most importantly Lead.
@R Sas I’ll take $300/oz for the win Alex!
I just began my journey 3 weeks ago, 7 ounces of silver(5 coins and 2 separate 1oz bars) purchased during that time. I began for the sole purpose of wealth retention, as you've mentioned in this video. I am slowly putting aside funds to purchase my first ounce of gold as well. I can not wait until I am able to hold that in my hand, as it will be proof of my ability to achieve levels of financial discipline that I have not exercised my entire life(32 years). I am by no means "financially secure", as my yearly earnings are somewhere around $24,000(I do not plan to remain in this bracket for the rest of my life), with 50/50 custody of my 5 year old son. Channels like yours have helped to motivate me, and for that I am truly grateful. May the winds of good fortune favor us all on our Journey.
Take this for what it's worth, currently gold is really high. Wealth retention has a better outlook down the road with silver because it is very devalued currently. Me personally this week am going to make a purchase, I'm going to spend enough to buy 1 oz of gold but I'm going with silver for said reasons. Good luck!
@@unpopularopinion1776 Thank you kindly for the information, I have felt that the price of an ounce of gold seems unrealistic for me to work towards at this time in life, but after holding my first silver purchase in my hands, I can't help but shake the urge to hold an ounce of gold as well. A tangible, physical representation of effort/sacrifice I can hold and look upon to fuel the fire within. A high that knows no equal, at least for me. And I've consumed my fair share of illegal substances. This Journey by far exceeds them all. lol
You will succeed. Great start.
@@jarodcrazyindian Thank you for your kind words and encouragement. Such gestures are not always needed, but always appreciated, at least from me.
@Musashi Webb I have to encourage a fellow stacker, and you are already way ahead of the average person. Buy what you can afford, when you can. Don't panic buy. You're on the right path.
Pioneers threw silver coins into their milk saucers and water buckets to keep themselves from getting sick.
just dont be rubbing it all over you, then you'll turn into Paul Karason
I believe it's because copper and silver oxides can damage cellular walls of some bacteria.
In Europe they used to throw silver items down wells. Wellwater often has bacteria in it, which can make you sick. Richer people only drank beer which was weaker back then.
There is colloidal silver, that you can make from pure silver. It's used for health.
@@flipnap2112 I don’t know who that is, but I was just doing that 😮
That's what many new stackers fail to realize that silver is a medium to retain your wealth.
Many silver channels are dead
I think silver as well is undervalued, 25 per oz is not a fair price for it, while gold is over 2200 per oz. I think silver can make it to 100 usd, it had already made 50 in year 2011.
The ONLY people who should be buying Gold and Silver are those with $0 debt. If you have debt, you should be paying off your debt instead of buying Gold or Silver. Holding Silver and Gold while you have ANY kind of debt is just dumb. The cost of servicing your debt is greater than the value of your silver.
Not necessarily. Some people have mortgages at 2% , while inflation is 5-10% minimum
You need to learn about good debt, and fractional reserve banking, yes I agree if you are talking about credit card debt
That’s debatable I have a 2.7% mortgage and that is my only debt. It is actually better for me at this point to put whatever extra I was applying to my mortgage either into silver or into a standard high interest bearing savings account at 4.7%.
It does hold it's value. Sixty years ago I remember my brother buying 4gallons of gas with a silver dollar. Now the price per oz still gets about 4 gallons..
Absolutely, but not/oz, but /silver dollar. I’ll do the math for you in Canadian dollars and litres. 1g=3.79L so 4g=15.16L. Gas here is currently $1.36/L. 15.16Lx$1.36=$20.61. Current silver price today is $34.47/oz. One Canadian 80% silver dollar is worth $20.68. So that silver dollar still buys literally the same amount of gas with 7 cents leftover. Silver absolutely has held its value.
HAHAHA so sad yet true
We are living in unprecedented times. No one knows what is going to happen.
Exactly
A couple people know, but for almost the entirety of us, we're basically groping in the dark.
Same thing someone said in WW2, Heard that said during 911 attack. So 2 or 3 people are pulling the strings for like 100 years, too funny.
Agreed. This video assumes everything will be "fine", if the dollar collapses which is a very big possibility or new currency is introduced precious metal will explode upward. If this was not the case the banks wouldn't be loading up on gold or china.
Those paying attention have a pretty good idea.
Thank you for explaining this. I was having a hard time trying to convince my girlfriend as to why buying silver was so important. "Retaining" it's value was a great way to explain it.
Please don't allow anyone to persuade you to stop stacking, even your partner as you're on the right path. Despite all the heavy market rigging, silver continues to rise on average.
Women don't understand math or reason and logic, disregard women's opinions
I started stacking this past March because I was afraid of the possibility of rapid devaluation of the dollar and oppression by the government by means of the new digital tracking of bank transactions. But I have learned to enjoy having gold and silver. I like holding it, looking at it, and getting more. I find myself spending less money so that I can acquire more. It's fun and it hurts no one.
You will be glad in near future
Same
yeah the CBDC its no joke. the "fed now" is right around the corner, I think June. People dont get that its just phase 1. you know the difference between a conspiracy theory and reality? about 3 years. stack soundly and enjoy life
not true -- you are hurting the people who demand our money be held purely digitally from here forward =)
Your logic is sound; you’re stacking for the best reasons.
Agreed with the term "Wealth Retention Tools". Silver ain't get rich quick scheme, but will helps to retain wealth and probably gain a bit more profit then leaving cash in banks and eventually the value of the dollars dries up.....
really glad to hear this. what youre saying is spot on. My mom last week was talking about why everything is getting so expensive and I said "its not mom, your dollar is losing value".. I stack as much as I can, as close to spot as I can because every oz I buy means im locking in that dollar rate for myself. Its like buying a house when interest rates are super low, you "lock in on the rate". Sure maybe some day well be bartering with silver, and everyone has little keyring sized sigma machines. but ultimately its assuring my dollar loses no more value. of course once the CBDC hits its a whole new game.. but yeah it makes me sad to hear new stackers spending every last dime, and be in debt using credit cards for silver thinking they'll be millionaires in 5 years. its not healthy
I don't understand this though. If it's retention, how does it work, because I sure don't get it.
Right now I could go buy a silver round for let's say $25. The rate of inflation is going to far outstrip the rate of silver spot prices increasing, so let's say that in 10 years I need to sell that ounce of silver. Say current spot is $29 at that time. More than likely im only going to get spot for my round and if I do get any premium it will be small. So let's say I can sell it for $30. That's a $5 profit over 10 years, but that $30 won't be worth as much as $30 today.
How exactly is that preserving or retaining wealth? Silver doesn't magically take the money you spent on it and make it immune to inflation.
It seems to me that all silver does is basically lock up your money so you can't spend it on something else, or invest it. It's basically a savings account that draws no interest. Make it make sense to me.
Everyone I know who knows that I stack precious metals thinks I'm doing it to get rich. They don't understand its about not being poor in the future.
If everyones poor and your not...are you rich?
@rakkon1 depends on your definition of rich.
@@rakkon1 There is a broad spectrum, and the goal for most is to be comfortable and have some freedom.
You have provided one of the most intelligent (and honest) analyses of silver that I have heard. Thank you.
Precious metals don't change in value....The value of currency is what changes.
Well put Silver Dragons 👍 The Shanghai Metals Exchange is running low on silver too. Along with the other exchanges. Now is our time to stack👌🥈🥇🥈🥇🥈🥇🥈
"If you have really small wires that need to transmit electricity and information very quickly..."
And here I've believed (all of these years) that the speed of electricity was determined by the dielectric constant of the medium...
😄
A great video. Everything you said in it is exactly spot on. We are on the same page about buying silver and gold. I buy silver and gold because I want to have real money when our dollar inevitably collapses.
If you got into silver to turn a quick profit…you got in for the wrong reason. Mine serves as a savings account that I continuously add to.
You have it right, it took some time for me to realize that getting rich on silver shooting up in value isn't working, at least in my lifetime. But its better than paper money for security.
Seriously, people shouldnt go overboard with this. It's an insurance policy. Just buy sensible amounts, and always make sure you keep enough cash for emergencies.
YTers are creating a craze, just watching one of these videos creates a whole other level of YT ads.
"Rich Dad, Poor Dad" opened my eyes and made me understand A LOT.
One of the things he said is that gold isn't mined less, or there's less supply, of gold, it just takes more dollars to buy that same amount of gold, hence your dollar is worth less.
Yes, silver/gold/land/fine art/classic cars/etc. are preservation of wealth over inflation
What you seem to be missing is that Debts stay the same amount during inflation as silver goes up.
You will be able to pay your house loan or, your car loan off, other debts too!
Also, you will have a lot more buying power than most others around you who don't hold silver.
So, you very well could be in the Catbird Seat! : )
Beautiful job of explaining that important issue that very few understand. I usually end up trying to explain the issue to people a couple of times a week - not sure if I succeed that often in getting my point across. I now have a new tool - I'll sit then down in front of my computer and have them listen to you explain it. Thank you for doing such an excellent job.
For me, there's only 2 reasons that I would use my silver stash: 1-I really needed the money for an emergency 2-SHTF And I needed it for barter to survive. Otherwise, my stack will just keep growing over the years...Keep on Stacking Everyone!
Coins are in stead of Barter
True but whatever you do DO NOT talk about your intentions of stacking silver or gold to anyone. Once people know about your precious metals stash, they'll come and take it away from you. Folks come out of the woodwork.
What started out as wealth preservation turned into a cost-effective hobby
I agree over long term, silver is a way to retain wealth, and not a money making investment. Over 50 years, it has not even kept up with current inflation.
The "Time Capsule" explanation is great. Right now, you can't buy groceries, pay utilities or rent with Silver. You need cash for that. If the banking system decides to regulate your income you'll still need cash for emergencies, no matter how worthless it becomes. Silver will get you "tools, services and commodities that devalued cash won't.
Cowboy is an iconic American image that most don't appreciate enough in this day and age. An image that represents grit, hard work, toughness and not backing down from a challenge. 🥃
this is such an American Myth
I think this is true of all the pioneering peoples who lived during times that were much harder than today. It is not a myth as I grew up around such people. They were the hardest working group in history and also the hardest partiers when it came time to have a holiday. They often worked from sun-up to sun-down, then partied all night and did again the next day.
People don't understand precious metals is not an "offensive" investment. It's defensive. It's insurance.
You buy car insurance so that when you get in a wreck you're not left destitute and broke fixing your car, paying for medical bills, etc...
Getting in a car wreck and getting an insurance payout isn't "winning" anything. But you get saved from being crushed financially.
Physical precious metals the same concept.
Thank you for this video, I am new to stacking. I definitely had some big ideas, but always knew that it was a way to preserve wealth not make it. Great to see a video to help keep it in perspective.
You make sense! It’s why I buy silver too. Unless it’s 1/10 oz of gold coin you won’t be able to barter with it for every day items.
Thanks for keeping it real!
This is valuable information. Thank you for sharing!
In the last 50 some odd years, silver has peaked twice. I missed out on selling in the 2010 / 2011 peak, was not even aware of the market in 1980. So, like you say, wealth preservation.
And that's with 170 of price surpression.
@@kingston163 150 years* but yes.
I'm not worried. If silver goes to $100/oz, then I'm sure it will cost that much to put gas in my CIVIC. I am merely protecting what I have. I have some cash and some money still in the bank, but largely, except for my retirement annuity, I've liquidated everything else. Hopefully the Lord will return before I have to worry about exchanging metals for food.
If that was the case central banks would not be loading up on gold. Why is China and India plus central banks buying precious metals? Because when the planned currency collapse occurs, you can buy up assets for pennies on the dollar while retaining the original wealth of the money. They aren't going to have a full collapse without setting themselves up to be on top, they want to buy up the economy with gold and digital currencies. You will be incorrect. Get ready.
I’ve been trying to teach my nephews about precious metals. One of the biggest issues is to convey the difference between a hedge and an investment. People look at the price increase in precious metals and it looks like investment behavior, not realizing it’s the dollar losing ground or the paper traders moving the market. This was a good video I can point them to. I advise them to set aside a portion of their savings to invest in physical metal for safety and stability, but also have investments that increase in value because of what they produce.
Hedge is insurance an asset and an investment.
Super cool video, and perspective. Thanks for posting.
I agree 💯 with your point of view. Thanks for sharing.
Thank you for this very clear, realistic explanation of the place of silver and gold. This makes sense. I hear people talking about $600 an ounce silver, and I figure they are talking about a hyper inflation scenario. That said, it is a really important way to hold value!
No, they are talking about 200 contracts for each ounce that actually exists unwinding all at once. The actual silver gains the value of all the contracts that are now not worth the paper they are not even printed on.
I think this type of information is valuable for people to hear as there has been a lot of hype about silver and most of the videos online are misleading.
I bought silver years ago based on wealth preservation. I thought it would be a good idea to have 10-20% of my personal wealth in silver. Over the years I forgot about keeping up with that. Now I am building my wealth in silver and gold hoping to purchase a few monster boxes of silver and a few tubes of gold. But you're right, the internet hypes everything up to a point where people are mislead. Do your homework.
Example: Buying constitutional silver runs about 36 bucks an ounce. Yet I can purchase a buffalo or a Maple leaf for much less an ounce. Do your homework
@@beebob1279 Yes, constitutional silver is worth more than somebody's tokens from Brand X Mint.
That is a great analogy! Great Video
I have been investing in medals for fifty years. Now one story that keeps haunting me is this old guy that joined us for lunch when we started talking about medals back in 1982. Someone ask the old guy what was he buying. With a rather dry unemotional voice he just said "bullets". Well it was a mix of surprise and some thought the comment to be funny. Then he explained: "With guns and ammo I can take all the gold from you boys that I need". Okay we all laughed and the discussion went back to trading metals.
Now fast forward to the troubled times we are witnessing today I would argue the old guy was on target (pun intended). Yes I maintain a collection of various guns and a lot of "bullets".
The absolute best video about the REALITY of stacking, thank you so very much for being REAL, nobody does that!!!!!!!
there are other channels that are real about silver like silver seeker but your right many of them just pump silver to the moon
Reality will hit hard once Stagflation occurs and buying "suvs" will be a thing of the past. Normalcy bias is the enemy of people now, we are close to a major war with Russia and currency collapse being replaced by digital dollar. Don't assume this is just for "stacking" some of us know things are going to get insane soon. Snap out of it.
Hi Silver Family! I love your channel icon! Nice! 😎
So true thank you
You are right on the point!!! especially since when you go to sell you will generally have to take a haircut versus what you bought it for. Really love your channel and you are spot on.
I like how you show different items as you speak different topics
It's a fun hobby for me. I try to get different rounds every month. I also get a 10 ounce bar every month too for investment reasons. Not going to make me rich but it'll keep me okay if need be.
But when you retain wealth in an inflationary system eventually you are rich because everyone else is poor
Exactly, I have no idea where this idea of silver becomes the same price as a failing currency comes from. If that was the case when currencies failed in Africa silver would be worth the same as the failed currency, this is a logical fallacy. Also, this is a misunderstanding that central banks do not want to be on top once a collapse occurs, they do, and they will use precious metals like gold to retain wealth and new digital currencies they create. The majority of commenters in here are delusional, much like most people bought into the covid propaganda they assume everything will be business as usual forever. In history, things are rarely business as usual, and silver and gold always came out on top. Really stupid people on here who assume everything will be "fine" forever. Soon, it will not be.
Great video .
You nailed it
Thank you
You are very good at presenting the facts...thanks for talking sense...I will keep buying when I can...........BZ
I didn't want to lose my money, so I started buying silver, and I wish I had started 10 years ago. I'm almost at 100 oz of silver and still adding more to my stack.
100oz is a great milestone. Good work
@@mantexas-mc7hi Now I'm 200 oz and looking to add gold now.
@@selwynayersjr man on a mission. The way banks are failing in the USA with multiple countries around the world in hyperinflation as we speak the risk/reward seems highly favorable.
That's great. I also dip into buy silver coins once in awhile, because they are already divided and fractional. If one is going to use this for money some day, it is easier to do so if you have smaller increments as well. Also, sometimes you can specialize in errors or varieties, or even scarce dates, and find a few if you buy large lots. You can either save these or sell them back to a dealer or other collector at a premium.
And u have lost money thus far, but your happy
I see silver as a long-term insurance policy and savings account for future emergencies or retirement.
It fills out my emergency fund quite nicely but AU outshines it a long term investment.
Thank you, I think you provide a great education and inside into owning precious metals. I enjoy all your shows.
Thanks for the information.
Good explanation! Personally, i believe it's under valued. So that adjustment would be nice!
It’s always a good option to keep some gold. Well with the current market situation and everything at stake with the present economy, I’d say you’re better off staying away from stocks fr awhile or better still reach out to an adviser for guidance.
The checking and savings accounts are secured by FDIC upto $250k up to a credit limit. This ensures consumers that their money is safe during bank failures. The recent bank failures are base on poor management, too much lending, bank runs, unknown from bank consumers.
True, A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far
@@Nernst96 I find your situation fascinating. Would you be willing to suggest a trusted advisor you've worked with?
It's best you do your due diligence, I have my portfolio overseen by Vivian Carol Gioia and her qualifications speak for itself. Most likely, the internet is where to find basic info, she has a noticeable page for consulting.
Thank you for this amazing tip. I verified her and booked a call session with her. She seems Proficient.
Thanks for the reality check. It needed to be said.
I've been getting into silver, love this video. Thanks for sharing the knowledge.
Great video, SD! You laid out the absolute truth. This might be one of the best videos you have ever done! You put it in true perspective. If silver (or gold) skyrocket, it means that the dollar has become virtually worthless, and this is a bad thing for everybody! Those of us with some precious metals will not be instantly broke, but that is far from being rich! If a collapse were bad enough, even PMs will not be highly valued, in favor of food, ammo, and other items.
Metals are a hedge against inflation, but historically, if you want to rapidly grow wealth, stocks are a better choice. That's been true for hundreds of years, with only a few aberrations. They can be a gamble, for sure, so it's best to be strategic with one's investments. Seek competent advice for that!
I hold metals for many reasons: they make me feel mores secure, they increase in value, they are beautiful, and it's a hell of a lot of fun! But they are not a get-rich-quick method, nor a panacea against economic failure. Keep your powder dry, boys.
Its partly true. Yes, the US dollar is a big factor, but it is not the ONLY factor. We have been in a silver deficit for years now, supply and demand also can play a factor... lets say they decide every single new house built must have solar panels for example. Not something to count on but for sure it could happen and supply and demand can go haywire for a period of time.
Several decades ago, when I was first starting to make investments, a very wise man told me to invest in collectibles and stead of silver and gold. Not like baseball cards, but and rare watches. I was also giving advice about collecting cars. I worked hard and invested in a few Rolex watches. I also invested in some American muscle cars. At the time I purchased the Rolex watches at gold value. I’ve purchased the collectible cars at scrap value. I think I’ve made some wise choices and I think that buying collectibles has set me a better than gold or silver bullion.
The whole point of this video is that Silver is NOT a good "investment" and if you are looking to increase your wealth, Silver is NOT the way to go. However if you want to PRESERVE your wealth, Silver is an excellent choice.
Cars and watches are worth nothing in 1000 years - silver coins survive.....
@@robertb.3651 yes but you won’t survive until your 1000+ years old. The ideas to enjoy life while you’re living it. I suppose if your children or grandchildren can benefit from your investments today, I guess that’s a plus. You got to live in the time you’re alive. I just seen where a 1968 Dodge charger RT sold for over $100,000 at auction. It was a heap of trash. My 1968 charger RT runs gray and I drive it almost all summer. I spent $3000 for my 1968 Dodge charger if I could sell it for over $100,000 today I think that’s a good investment.
A very interesting watch. I didnt think your video was nefative at all. You highlighted some very important issues and uses. Im buying because i need another bartering option and thats it.
I just thought of something. Couldn’t you become wealthy over the years by playing the silver-gold ratio and trading back and forth between the two metals? Doing it right would result in increasing the physical amount of silver over time.
This is true and there is at least one source that specializes in this same scenario. He runs his business along with his family out of TN and his reputable business is called "The Moneychanger".
I agree with everything you say, except I would preface that there is still a "Chance" that one might get rich from Silver Holdings, and that would be a scenario where the balance of silver to gold ratio where to go to a more sane level between 20/30 : 1, and then stabilized, anyone holding mostly silver will have greatly benefited that's really about the only scenario that any money. Really, the best scenario might be is if you have a fixed mortgage rate on a piece of property just bought, in the dollar collapses, you could pay off your property for pennies-on-the-dollar with silver, but there's absolutely no sane person that's hoping for this, because that means things are so bad that there are people killing other people in the streets for a full belly... if things get this bad, cigarettes and salt will be worth far more than silver.
An honest assessment. Very good. Preservation. A hedge against a falling dollar.
Where’s that SUPER DUPER THUMBS UP button at? You’re SOOOO SPOT ON. Only this makes sense as to why we hold metals. This is the main reason to hold metals. The RETAINING of wealth.
Silver always goes up consistently. In 1993 it was 3 bucks a ounce in 2001 it was 4 dollars in 21 cents. Today its 29 dollars and 30 cents. That's a nice consistent rise.
And in 1981?
$29.30? Where?
And a fall again 😂
Keep in mind Silver is the only commodity half of its all time high and the most important one. It’s like saying gold will never reach $2k when it was a few hundred dollars… Silver will have its day soon enough and everyone will be caught sleeping
Nope. It is primarily an industrial metal and is a financial sideshow that spikes a few times a century. The main profit in silver coins/bullion is for the seller, not the stacker/hoarder.
@@bobertjones2300....."main profit in silver coins/bullion is for the seller, not the stacker/hoarder". You have to Stack it before you can sell it....
That is an excellent point which underscores that silver prices in general has been manipulated for various reasons. At least one huge bank has been buying up silver for many years. If they intend to continue this process they then have ways to artificially depress the value so they can buy even more. They may later do the opposite in order to get the best selling price. They have been fined but the fines always only amount to a plus or minus a day's worth of profits so a slap on the hand. It is interesting that Jim R. recently announced that gold will likely go to at least $15,000 per ounce and even possibly $30,000 or more in the coming years, after the present depression gets into full blown hysteria. This is based on sound historical percentage increases paralleling the past several increases since 1971. Where that puts silver is anyone's guess but if that sort of thing happens, silver will also likely increase by a similar rise of 7.5 to 15 times present value. It seems to me that there must be some kind of hyperinflation built into such a forecast, so rather than thinking of this as an increase in value one must still think of it as value preservation or retention as used herein. But I Could Be Wrong -- Time will tell.
That was a great talking point more people need to understand that
Thanks for the decent video.
You are spot on no pun intended!!
great video and explanation of the role of precious metals as a store of wealth.
It really depends if silver and gold are not based on the dollar anymore for its value.
Silver and gold will not forever be based on the dollar, the central banks are already preparing for a collapse and move away from the dollar to replace it with gold and digital currencies they and the IMF create. Why everyone in here believe this will not happen means most of these people have their heads up their asses. They've literally been announcing this in mainstream news heavily in 2023.
Great points! Clear explanation. This is why you’re the best!
Terrible points, if the currencies collapse silver and gold will retain their wealth while the currency and assets will be able to be picked up on pennies to the dollar. Many currencies worldwide have failed and gold and silver did not go with them, to think that would happen here is sure idiocy and shockingly stupid of the commenters on this page.
How to tell if a thing is silver?
Good video. You put it in the proper perspective.
So here's the thing I have silver that I've had since I was basically a child and we have stacks but we definitely decreased our stacks over the years the decades. Something that is pure fact is decades ago when I was stacking some of the stuff really just randomly collecting It had a much much and I can't say it enough much lower value than it does now. Therefore, it depends upon when you purchased or acquired or inherited as I did your silver as to whether or not it could add to your wealth. If you got it for nothing or if you got it at very low prices decades ago then the value of that silver has definitely risen significantly and depending upon how much of it you have you might have gained some wealth. I will say it is very ironic how many people inherit silver and have no idea what it's worth and they sell it for almost nothing.
Hi The Velvet Lounge Life! I completely agree! 😎BTW... I just subscribed to your channel! Nice Video Content!
I had a dream last night that silver got down to $10 an oz. I was both disappointed as a stacker and wonderfully excited to stack more
LOVE YOUR BLOG....YOU OLD DRAGON! LOL THANKS SD
Its not often now days that i feel smarter after watching a YT video. I do after watching this one. Great video
I stopped silver stacking a number of years ago...around 2019 and sold my decades+ hoard during the last price increase (and prior to the premium increases). Used the ~$20K from the silver sale and purchased fractional gold instead. I made $ on sale of silver generic bars, ASE and Maples. Lost $ on Canadian Mint 10 oz bars (didn't regain premium back) and junk silver. Today it's just gold and key date numismatic coins (lots of research needed here). Silver was a GREAT learning tool and I did OK.
Coming from an electrical engineering standpoint, I think your comments on Silver via electricity and conducting are generally true. However, gold is a much more ductile and efficient conductor of electricity than silver. Thanks for the videos SD.
Your spot on SD 👍
Those textured buffalos though! I wish I could find some! #RIGGED
Exactly!! I can't find them online or at my local shops.
@@delbertwells7318 I tried to look up the Mint, but couldn't find it. There is a star with a R inside of it on the back. I think it is Texas Precious Metals, but I cant confirm.
HAHAHA I'VE GOT THEM !!
DOUBLE RIGGED 😂
@@bozobigtop5369 Where did you originally buy them from? Do you remember? #RIGGEDNATION
Venezuela 2023
the best way to see saving silver, is it should be a part of a plan. not the only vehicle to use. you have to have residual income, like real estate. there are other ways to gain passive income, like stocks that pay dividends. mix it up don't depend on one plan.
Wow! Actual, Realistic info about Silver. Thx.
First
Only Jesus can save you.
😂 Amen, brother.
Great video. I like your channel. Down to earth.
Excellent explanation, first time I've heard this argument on air
1st
thanks for the info
I'm 69 and just started stacking silver a couple months ago.....but not coins!! I am buying rounds, and fractionals mainly, and some bars. Seems like spot is stuck under $25. although some 'experts' THINK it may shoot to $80. by end of 2024.....I'm not buying/stacking expecting to get rich, but plan to use it as a bartering tool if the SHTF! And if that doesn't happen in my lifetime then at least my heir will have it when it does!
Good man.
Some of us likely don't have decades left until we expire, so we can either spend it now on vacations, or preserve it for our heirs, along with guns and ammo. If it's digital or in a bank, someone will tax it.
Like #73. Great video and great back drop!
well put, i totally agree. Greetings from Germany.
Good balanced explanation!