GOLD & SILVER DOWN - DEALER says WE are IN TROUBLE - Time To PREPARE
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- čas přidán 2. 07. 2024
- Gold & Silver are down due to hot inflation numbers and fed rates. Will They cut the interest rates and how will that affect silver & gold bullion. We can't be sure what is going to happen to precious metals but this may be a good time to prepare in case SHTF. Low premiums on silver, gold and 90% silver coins are still around.
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I am not a professional financial adviser or consultant, the content is my opinion or the opinions of customers in my store.. This video is for entertainment only. Please consult your investment and tax experts for financial advice. Do your own research!
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Do you think we are in trouble?
gold and silver went up too fast, we need a correction. Long term I think we are, but right now we are ok.
Very much so
No, but a lot of people really enjoy economic collapse roleplay. It all just comes across as paranoid.
Yes very much, while we have a president say in his state of the union. "I inherited an economy that was on the brink. Now our economy is the envy of the world! 15 million new jobs in just three years- that's a record! Unemployment at 50 year lows.
DAME RIGHT WE ARE!!! SHTF SOON!! BIG TROUBLE!! G;ad Im a LONG TIME #PREPPER and Stacker. AND ..VERY rural !!OFF GRID !!! Protected!!!
Let’s stop calling it fake news and call it what it really is propaganda.
High Cost of living is destroying the middle class.
Buy in cash, food storage, dump the cc's, eat at home, grow your own food. Don't believe anything the gvt and fed tells you.
Have 6 mths food supply, stack of loo rolls and silver/gold….still use cash when shopping. May need more food though, another 6 mths.
@@darylroughley2807truth. Same.
@@darylroughley2807 I'm at 3 years stocked on all things preparedness. 2023 was the year of eating what I stock piled continuously.
WHATS CC
@@kevinjoseph517 credit card
Yes. America is collapsing now in real time. Collapsing not just financially, but morally, institutionally, culturally, politically, militarily, socially. It will be brutal, but those who prepare have the best chance to survive.
Canada is also going down the toilet thanks to the Globalist puppets in our Parliament.😡
Gold is great, but Silver is a far better value! Hyperinflation is coming!
I, like many others like myself....Are surviving by eating less food, not eating out and not buying anything!!!
and especially not having fun anymore.!! bare minimum, very bare minimum living nowadays!!! it's depressing!!!
Can I encourage you to have habits that r free and healthy ? Or maybe one that makes you money ?
That randome "WE ARE GETTING RIPPED OFF" nearly killed me with laughter
They will put up favorable numbers on inflation and employment and then revise it down substantially within a few months when most people are not looking.
I pity the sheep out there who haven't got a clue, they won't survive what's coming. Yes, we are F-d...
did u type this is 2024 ? 2023? 2000 ? 1980 ? 1880 ? Its YOU that dont have a clue.
Speaking of sheep, I saw today that there are still people getting, what are they on now... 8th booster? 9th?
They always smash the prices down just before a major move higher. They're trying to buy some space and time. That's all it is.
You are correct. That’s called “indicators resetting” for more upwards movement.
That's so right 👍
Last time I noticed that was right before the attack on Gaza !
Before this current bad economy, when metals went up, people sold, went metals went down, people bought. Now people are scared and are hoarding regardless if prices go up or down.
It's only the beginning.
Keep whatever you've got. This is the calm before the storm when it will really do something incredible. Hold on people!
Everything went up in prices EXCEPT peoples wages to live on. This is going to get ugly! Prep what you can while you can. Peace to all.
Yup. Minimum wage to be on par with 1970 should be $48 per hour today.
Those car insurance premiums are just ridiculous. Makes no sense. 😡🤬
Needed revenue for those sudden accidents.
That’s ok we won’t be able to drive soon. They are gonna take our homes and cars.
@@reagandogg9734 no one is taking anything.. the cost of ownership will make you voluntarily give it up. It's always voluntarily.. no one is forcing you to sell anything.. the rich won't sell anything but they will help you out by buying your stuff.
All by design. Prepare.
5 yrs ago should of started ! Me 38 yrs Gold ,silver some platinum across the board 3rd generation jeweler ! Ready ! Thank you! %100 !
Best of luck!
All Hell is gone to break loose. Gold Silver Lead Food Seeds
When dollar tree store went from 1.00 to 1.25 on all items that sounds like a twenty five percent increase in inflation to me. My paycheck didn’t increase lately to cover that store increase.
I completely agree and have gained so much respect for you as your videos continue. I’m beginning to feel like I’m crazy. Anyone else feeling this same way? Charts and proof everywhere yet the sh*t keeps flowing. 🤬🤷♂️🤷♂️🤷♂️
You hit the nail right on the head.
Hey. I bought a krugerrand at your place recently. Couple things to consider. #1 The car insurance number 20.6% feeds into the Transportation number 9.9%. The car repair number 6.7% also feeds into the Transportation number. So the graphic is effectively showing three representations of the same event. #2 Two reasons car insurance is going up. A. during the pandemic there was a pause on premium increases. They are now allowed to catch up. B. In a relatively short time cars have become considerably more high tech. The new computer-operated features are now beginning to break down, which reflects in the sorts of repairs insurance companies must pay out. You can minimize the effect of both the repair inflation and the insurance inflation by buying and operating less high-tech cars.
What many people don't know is inflation is cumulative. I may not get a dividend or interest with silver, but it does keep its value relative to the inflation numbers.
😂😂😂 silver has barely kept up with taxes, let alone inflation!! Anyone who owns silver, miners, gold, PM’s in general. Absolutely can’t live without and enjoys, too no end. “Nonsuicidal self-injury” 🤪🤪🤪
Minimum wage went up 5x. How many raises has Congress raised their pay since 1970?
Walk around your house and garage. See what stuff you use. If you have storage space, buy this stuff. Its cheap compared to 5 years from now. For instance, if you have a vehicle you plan on keeping for a long time, buy 20 oil filters for it. Aluminum foil, buy 20 rolls. Toilet paper, buy 300 rolls....I have 500 rolls of TP...cheap at Aldi.
Yeah the 'Were Getting Ripped off guy' needs his own CZcams Channel!!! lol
I tell him that all the time
Just removed the gov regulation water restrictor on my new shower head … don’t tell anyone and FJB
We're screwed in so many ways. Inflation being the main issue. While I was studying finance years ago, we were discussing basic Inflation and comparing it to cost of Real Estate. At the time, the average for Inflation was about 3% annually. But Real Estate was was going up between 4-5% annually. If anyone knows about compounding, you'll understand how terrible that potentially is. And like you pointed out, wages are not keeping up with the cost of living. When our contract was being negotiated with our employer, my coworkers thought we were getting a good deal until I showed them that when you factored in Inflation, we were actually losing more and more money every year. I know that my employer already knew this because they had removed the Cost of Living Allowance back in the early 1980`s.
It’s exactly the same in the UK the official inflation number is way lower than real prices,we in the western world are being lied to.
Metal pron is real. We are ignorant to the full utility of metals, yet we viscerally know we are precious.
The CPLie is inaccurate because it doesn't include real expenses
It's not just that inflation has overtaken wages, it's also higher taxes stealing wealth.
It’s been long time coming. Gas is up. Food is up. Rent is up , vehicles to purchase are up , the air you breed , you spend more on insurance on electricity / gas
but the gold was holding the ground.
I wonder
what do you expect?
Gold must be $3000 and silver $40
Wrong !! Silver should be $315 -- $365 per ounce, gold should be approx. $27,000 per ounce.
Gold should be 4k according to Lenette Zang., will be at 3k soon enough but the problem would be finding a dealer so more will be forced to buy silver most likely., mark my words., you read it here first!
Its extremely disturbing to me that people continue to say things are fine.
I have a remodeling business, and I looked at receipts from 2020 and 2021 and compared them to prices now. 1/2" PVC conduit was 2.05, now 7.48. 3" PVC Sch 40 was 10.67, now 21.48. A Square D 200amp breaker box was 139.00, now 298.00. 12/2 250 feet of copper wire. 68.00 now 114.00.
Not everybody is living on minimum wages...but in total, you are correct. It all started on the 15th of August 1971, when Nixon closed the Gold window.
Settle down. Rate came in at 3.2 and "they" were expecting 3.1. Of course silver and gold went down because when you can get 8-12 percent sure money it is safe. Remember when interest rates are low stocks will grow when interest rates are high stocks will die. It used to be that you bought gold/silver for inflation now silver is an industrial metal so only matter is industrial demand. If I buy 1000 oz it doesn't matter because it goes from one owner to another but still available. It doesn't mater if it is siiting in comex or in private hands. Now if you shoot a tomahawk missile that blows up about 500 oz of silver. So what is your worry about 3.2 percent inflation? It only matters if you don't make 3.2 per cent more on your job. 45,000 hourly workers at gm are getting 12,250 as a BONUS check. You can't control weather (crops) or fuel (trouble in middles east) Biden will make it look great by election so he can get back in. Prediction is lower gas prices assuming no real trouble in the middle east. Besides I don't know any stackers that want silver to go up because they want lower prices so they can buy:)
High interest rate dollar denominated bonds are a trap. People won't be able to give treasuries away much less sell them. The Federal debt at a minimum will be 50 trillion by 2029. The Fed will have to print 2 trillion a year just to cover the interest on it, much less a trill or two more for the typical budget deficit. Gold, Silver, BTC is more important than ever.
@@ComicLover-oj5sv I agree, problem is that very same argument works at million deficit then 100 million then trillion so 50 trillion is twice as bad as 25 trillion. The good news is the loser would be all bind holders (primarily China and corps and rich people.)
I live in the wilderness. I went to a small town, city and went through their downtown. Mind you I only go once a year. It looked like a depression. I went home thinking I'm glad I don't live in that, it's depressing. I shop at a tiny wood floor grocery store from the 1950s. They will survive because of their size. Wal-Marts of the world are too big.
THANKS FOR THE HOPE YOU SHARED YOUNG FELLOW 😢
IN GOD WE TRUST ✝️👍💖✌️
Great video! Keep sharing everything you can! Speaking for myself: I'm listening to all your videos, and thinking about preparedness. Thanks buddy!
Awesome! Thank you!
everything is up 20 to 30% but gold and silver is not moving up by the same amount.
Thanks for your comment
Great show . . . Buy buy buy!
Haaaaaa were getting Ripped off comes the Cry from the Peanut Gallery , Give that man a Cigar
Garett Soloway says gold at 5k next 3-5 years that’s all that matters., great hedge against the inflated dollar that will soon pop.
They will not gt this economy moving without increasing incomes. This is when inflation is going to kick into high gear.
I don't get how people are making it either. We've been told our entire lives that most people live paycheck to paycheck. Where's all this extra money coming from? The credit cards max out eventually, right?
How can you not believe the government numbers 😂
I am not buying gold until a technical retest is confirmed of the former high. Silver will pull back because gold is but once the gold retest is complete I hope it will finally get leverage big brother gold up we go. Of course if gold breaks down then we are possibly headed for trouble.
Your customer is hilarious in the background 😂
My Liberty Mutual car insurance premium went up 29% from 2023 to 2024, no accidents, no tickets.
Spot on my friend.
Currently have a 71% gold 29% silver ratio. Am I light silver and are junk Walking Liberty halves a play?
Thanks brother
You are passionate about this information and we appreciate it. I wouldn’t be surprised to see a rate hike to battle inflation. Stack on.
Where is your shop?
Actually I sleep very comfortable at night. Even though times are tough, they have been way worse in the past 2 hundred years.
EGO /// Eldorado gold stock next year big big very profitable mine getting online in Europe ... very good mining district with no danger .... Eldorado will see more free cash outflows in 2024 with growth capital ramping up at Skouries in its busiest year of construction. However, Eldorado will morph into a cash cow on the other side of this construction (beginning in Q4 2025), with Skouries set to produce 150,000+ ounces per annum of gold in its first four years at
!!!!!!!! sub $200/oz all-in sustaining costs even accounting for inflationary pressures. !!!!!!
We will be around 43 trillion in debt by November. They know there is no way to pay that off. One trillion a month in interest alone. This is just the beginning. One things for sure, we are all going to end up screwed.
Just think if everyone thinks it's bad now. It could be way way worse in another decade plus.
Funny, wife called my stacking “stupid” after I explained it two years ago. Now she understands and is sending me stacking videos. 😂
I only buy gold the racial between gold and silver is 90% and if you take it over the last 20 years you’ll see that gold is it 60 to one or higher if you want a salad investment invest in gold make sure it’s real make sure it’s a good buyer or seller I mean and do your homework do you want to buy with the lowest premiums Mexican gold or Coins sell for one of the highest premiums US gold cells for one of the highest premiums go with British or Canadian gold or Australian gold for the lowest premium, or if you wanna buy US gold with the first coins, those are the cheapest of all you can get one right now for $$1158 for a half ounce
1970 MANSION IN BROOKLYN NYC WAS 20-60K...NEW CAR 2 K I GUESS.
In 74 I made minimum wage of $1.65 hour = fast food.
We're all dancing to the Kabal's tune. The cold War never ended. Just changed course and tactic.
Thank you
You're welcome
Hey ,where you been. Is all okay?
Fine, had to have a tooth extracted and my mother is in the hospital
Bitcoin makes problems for gold silver stackers, gold silver rise turns to crash while bitcoin keps climbing
I was listening to C R O W D E R today and he pointed out that 11 of the last 13 jobs reports have been revised downwards after the fact. Truly amazing, yet not surprising. Keep stacking.
Just close the BLS!
“We’re getting ripped off!!” 😂❤😂
Learn more! Yeah..! Right. It will give you good reason to drink
Blame me I was born in 1970. 👶.
Your fault
OK so you are the one shame on you. I forgive you.@@goldsilverstackers1
GOLD!!! Im SICK of Silver!!! Im gonna sell some. I have too much Silver anyway! #342
I was saying we were F'ed like a decade ago, so of course I've lost all credibility on the matter. I'm the boy who cried wolf.
And yet the stock market keeps going up 🤷♀ I'm waiting for the market to crash
is whiskey 🥃 and coffee ☕ a precious metal, because im addicted...😊
You got that right!
Lord Have Mercy!............Trump 2024..............Thanks for another video Sir..........Life is good.....God Bless
I have both Silver and BTC and glad, however my BTC has earned me FAR FAR more money than my Silver has over the past 10 years! Just saying...
Don't share that info with the people let them learn on their way😂😂 they don't care 😂😂b
It’s because of bitcoin. Bitcoins at 72,000 you can buy gold with bitcoin.. all the big brokers are buying or using bitcoin.
chinese people buying physical gold in a rush so a gold rush has begun could last till 2030
If you put your faith in God you will never perish if you put your faith in precious metals you shall surely perish!
It’s all fake
Sorry to say I won't be watching anymore. I can't stand the camera being shut off then turned on again. What's the point? 👋
Ok 👍
Come on give it another try please @@goldsilverstackers1
Nope this dates to Ronald Reagan who figured out how to decrease the apparent CPI = REPUBLICAN Entity
It’s Reagan’s fault?
You don't know what your talking about you might want to do some research about gold and silver it's going to go to the moon soon
Right
It’s getting ugly. Even if the CPI (consumer price index) measuring inflation suddenly drops to zero, all that means is these high prices will stick. Inflation has to go negative (deflation) in order to start lowering the goods and services we’re paying for. Votes matter, make yours count!
Nice hatTurd !
I agree with most of you posted, but if voting truly made a difference, they wouldn't let us do it, and I'm serious. The checks and balances our Republic used to have against an overly strong centralized government died with the end of the Civil War.
@@swilliams937 I think voting matters. The trouble is, a huge portion of the voting public is ill-informed and very easily mislead by the media.
Votes don't matter. The vote counter matters. Where u bin hiding?
@@user-zy4cq6vo3q Working the elections, making sure votes in my state count. Your tinfoil hat is too tight. 🤣
ohhh c'mon, we been fucked since clinton was so called elected..
EGO /// Eldorado gold stock next year big big very profitable mine getting online in Europe ... very good mining district with no danger .... Eldorado will see more free cash outflows in 2024 with growth capital ramping up at Skouries in its busiest year of construction. However, Eldorado will morph into a cash cow on the other side of this construction (beginning in Q4 2025), with Skouries set to produce 150,000+ ounces per annum of gold in its first four years at
!!!!!!!! sub $200/oz all-in sustaining costs even accounting for inflationary pressures. !!