The Truth About Silver in 2023
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- Опубликовано: 21 июл 2023
- The truth about silver in 2023 is complicated with pros and cons worth considering. The metal itself has a lot of potential, but the hype behind it doesn't line up with its historical performance. Maybe that will change - who knows? What we do know is that the facts and the hype tell different stories.
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Thank you!
I like both.
Gold is savings, and silver is fun!
You know what else is fun? (🔫)
I have lots of LEAD. Sinkers, Ammo no paint chips…😂. How come nobody talks about Copper ?😂
Yes fun money is designated to lose…like silver
@@InappropriateShorts I bought silver when it was $6 an ounce, how much did I lose?
@@WorldMoneyWins hard to gauge need more info. Reply with date purchased, mothers maiden name, previous address and any 4 sequential numbers in your ssn
The more I continue in my stacking journey, the more I favor gold. I love my silver, and if it pops, I’ll get great returns. I love the stability of gold though. But what’s even better, is the compactness of gold. In a bug out scenario, there’s no way I could take all my silver. But I could take all my gold. Great video.
I’ve gone that way too. The more time I’ve spent with the metals the more I’ve found gold to be more practical. Cheers PPP 🍻
Right! 1500 oz of silver weighs almost 100lbs! Makes the bugout a little more difficult but I ain't leavin my silver
Silver is nice on weeks with less free money to set aside. Gold is better on weeks of higher income. The point: Stack regularly, and if the silver weight gets too out of hand, convert it to gold.
Absolutely. Gold stores more money in a compact way, than Silver does. Whether a bug our scenario or not, it's just more convenient and space-saving. Provided the government doesn't confiscate lol 😂
Even fractional gold is cheaper than silver premiums.
That's just factually untrue unless you're extremely selective.
Just did a cursory look and found common fractional gold (.1, .25, .5 oz) between 11 and 24% premium and silver (rounds and coins) between 15 and 19% premium.
@@The_Argent It depends - in places like the UK the premiums on Silver coins and bars are unbelievably high - 40% over spot for the cheapest best value pre-owned bullion coins is nothing special.
EDIT: For a comparison, you can get the cheapest 1/10 oz Gold Coins for as little as 12% over spot (with free postage) or a Half Sovereign for 7.5% over spot with free postage.
@@The_Argent Don't know where you are from but where i'm from the cheapest silver coins and rounds are like 30 - 35% minimum premium. Bars aren't even an option since they charge 21% VAT on top of the premiums. (Belgium here but same thing applies in the UK).
@Triplaglol USA here. No national VAT on gold or silver but some states do charge sales tax. If they do it applies to both gold and silver.
@Stanislaw93 that's outrageous. In the USA, at worst, some states charge sales tax on both but it's ar most less than 10%
I suck at savings. But I love silver and gold. Since I started stacking consistently, I’m watching my silver stack grow. Finally passed my first 100 oz not counting the constitutional. Slowly adding 1/10 oz of gold. That’s all I can afford at this time. Filling my little air tight tube. 😊
That's what I'm doing, I'm at 55 oz and I'll have 100 by years end, I get 10 oz a month. Next year I'll start with 1/10 oz gold eagles & get 1 of those each month & only 5 oz of silver. I stack back some cash each month too for emergencies so I don't have to dip into my stack.
@@commoguru 👍🏽😊
I stopped buying silver when it became cumbersome to carry my entire stack in a canvas bag. I hope to have the same issue with gold some day.
💰
Silver has been suppressed for decades, I believe it will increase massively.
No doubt it will when they need Silver to make Things...Silver has way more uses today Than Gold...I like to diversify
Hopium
@@chanceberg832graphine
@@chanceberg832that's the reason silver will stay of low value. It's used too much by corporations so they aren't going to drive up the price.
The crime of 1873. 150 yrs of price manipulation
Thank you for this video, and the sanity. I had dabbled in precious metals but got serious about putting savings into them in 2020. As you mention, I kept hearing that silver was the way to go, so I bought a lot of silver. However, over time - when I took premiums into account - I realized that silver was going to have to go WAY up for me to just break even on my purchases, whereas my gold purchases were already showing a profit. At that point, I stopped buying silver and put more into gold, in spite of RUclips saying silver was going to the moon, and the gold:silver ratio, yada, yada, yada... All I could think about was the premiums. Everyone talks about precious metals being a “store of value,” but the premiums still count in that value. The value of my money has been retained or increased with gold, but the “total cost of ownership” for silver has caused that money to lose value, not be retained.
Yes, some day silver may go to the moon and I will make mad profits. At this point, I’d be happy to break even.
Also, as others have pointed out, the portability of gold is not lost on me either.
Both will moon eventually
There’s absolutely no reason silver shouldn’t be $50 an ounce considering how much gold is. The problem with silver is it’s heavily manipulated and prices are kept low. I have a monster box of silver just so I have some purchasing power if the dollar crashes but I won’t buy any more.
Always insightful Always balanced, thanks.
Thank you!
Informative episode, thank you.
Spot on, silver for me at this point is an impulse buy of a coin or two in the coin shop or a gift idea for anyone wondering what to get me for my birthday… after all there’s no premium on gifted silver 🙂🍻
Ha, true!
I appreciate the realism.
Personally, I was in the ‘keep cash in savings account’ ideology and that did nothing for my net worth. Only helped my bank receive free loans and then offer credit to people who didn’t save their money.
Luckily I sat out of the 2020-2021 silver hype and watched, started moving my long term savings into silver when spot price dipped around $21ish. I prefer minted silver coins & especially ASE’s for their retained premium.
Moved in to gold this month, best decision I have ever made, cash can be a net worth trap from my experiences.
Nice!
What was your out of the door cost per oz spot doesn’t matter. These dealers can be RUTHLESS 😂
@@InappropriateShorts For ASEs and bullion in general I apply a bid spread strategy at auctions with sellers I trust. This allows my to pay few $ under the lowest online dealer price I can find per day. ASEs depending on the date and condition my bid spread is $28-$34. $28 for damaged ASE coins and up to $34 for BU 86’,92’,93’,94,95’,96’ ASE coins.
Edit: With silver I generally aim for older coins, trying to buy into the premium instead of waiting 10yrs.
@@FrankLeeNacty As far as I know, some online dealers apply big buy premiums on select years coins, but group them together as random years when offering minimal sell premiums. You will lose money and net worth that way. Buy 34(+9) sell 29(+3.5) is minus 14.7% less net worth on paper, until you sell.
"Moved in to gold this month, best decision I have ever made, cash can be a net worth trap from my experiences."
Moving to gold seems an excellent idea, especially these days. Man, was it that long ago when ASE premiums hit 100%? I've often wondered just how long those buyers
would take for their silver not to be under water. IMO, that could take years, so I'm not playing the outrageous premium game. This is yet another reason for calling my
silver stack complete and moving on to gold myself. Actually, I was buying both metals from 2013 through 2019 when I stopped buying silver, except for a few things
that I find very attractive and purchased from good friends.
As to cash, I really like cash because I also am a stock investor and holding some cash allows me to use cash instead of selling reduced value shares in a market drop
or when I need some extra cash for expenses, especially the unexpected kind. I've made good money in the stock market, especially on drops like we had back in March
of 2020 and holding cash meant that I did not have to sell anything to raise it. Without cash in hand, I have to allow the market to decide my financial future. That works
sometimes but more often it doesn't. Same with metals. With cash in hand, I can buy the dips at any time, rather than just when I have saved up some cash. But the
bottom line is for all of us to do what's best for us, so as long as we all stick to that, we'll be fine. Cheers. 🙂
Always enjoy your thoughtful, measured, calm vids and I think you are spot on...thank you!
Thank you!
Not one of these YT videos even touches on the real reason to stack silver: Werewolves.
People should be WAY more concerned.
Thank you
Thank you ! Love listening to your content
Thanks!
I like Both. I stacked Silver till I ran out of space..now shifted back to Gold. I never sell anything so doesn't really matter to me the price swings.
Thanks for keeping it real, sir 👊
👊
Solid info, the savings aspect, the buying buzz and the hedge against a poor greenback are all the best reasons. The buy is what’s important and why premiums are worth paying attention too.
I've been selling off my Silver that I purchased 2018-2020 and converting to Gold, Platinum & Property and have done very well... I am doing a big move in the next 6-8 months and hope to get my silver down farther just so I do not have to physically move all of it... I'm really hoping for a jump up to $30+/ozt in the next few months but I also hear people in hell want ice-water so we'll see...
Nice!!
Nice stack brother thanks for the info have a great weekend 🥃🥃🥃🥃
Thanks Nate! 🥃
Love the videos. I want to recommend that you do a recap at the end of your videos of all the key points. This is said to help the audience remember everything better. Appreciate you fr tho
Start time is critical related to returns in every asset class. Thanks for continuing to ask the important questions....
The knowledge you put out on your videos seems like it would take for ever to learn. Glad you're doing it for me ha
15 year hobby. 🤜🤛
I agree with you! 💯
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Excellent shit
🤜💥🤛
Good stuff.
🤜🤛
For me both gold and silver are just great tricks for savings. I been fighting compulsion issues all my life. I make good money but I would just spend it for no reason. This allows me to exchange money for money lol. I have no desire to sell my stack (Short Term). I am glad you kind of touched on this topic in the video. I don't even mind paying some premiums from time to time. As I would have wasted the money other wise. I buy what I can afford and right now that's silver. I have some gold but not much. I will be diving more into gold when I can over a several year period.
Definitely a great way to spend discretionary cash. Maybe the best. Cheers!
So true im only at it this year, if i left that money in the bank i would spend it,buying bullion every month instead i wont just spending money to buy something similar which i wont cash in not at an time soon anyway happy stacking.😊
@@DrSchor ADHD, depression , and just things I am still going to counseling for. This is a win for me at the moment. I have a long road to get back to who I was. This is a win. For me and the stacking community has been rather supportive. Baby steps one thing at a time. Learning how to accept my self , forgive myself and be my own best friend.
In short taking bad behavior and using it to an advantage.
@@csukosd best of luck with all that like you said baby steps, one day at a time 👍
I kinda think silver is cheap because of the crazy increase in copper mining, where silver is a by-product. At least that's a big part of the reason.
I think it’s cheap too.
But isn't there a net annual reduction in silver with more taken out for use than is extracted via mining? I would think that factor alone would result in higher prices what with demand being greater than supply.
@@MrDavidknigge That's a good point. Just because production has increased and is cheaper, demand still out does the supply, so the price should increase. So yeah, I don't what's going on.
I think it’s cheep because it’s for noobs and brokies. Silver is great training wheels but you don’t want to lug around a safe full of silver. It’s bananas
@@InappropriateShortsyeah but isn’t the whole point of buying silver right now is because it is undervalued? the ratio of silver to gold should be much lower so eventually the ratio will correct and silver will rise in price eh?
For me it's mostly budget, timing, and a little OCD. I have this weird thing about wanting everything in full tubes. It just bothers me to have 12 out of 20 or 25 pieces in a tube. I gotta fill it asap or buy a full tube. Having said that, it took me almost a year to fill my 1/10th ounce gold tube, and I have two pieces left remaining on a 1/4 gold tube I started 2 years ago. The 1 oz gold pieces I have were primarily acquired by taking advantage of the GSR and silver premiums when they were high. The purchase of fractional gold definitely tightens up the percentages in your equation.
Unit price is certainly part of it, I also just like the way it looks. Nice and shiny!
I like buying silver because I can buy way more ounces for my money and accumulate for the future but now that I have a stockpile of silver I think I will start buying some gold.
Good video dude, A+
Thank you!
Very nice I remember your 2020 video & started Gold after seeing how much room it saved . Now I'm going to have to go in & look at the Eagle tubes for milk spot's. The Gold got Air-tite Capsules in roll's from your link below . Thanks' for the number's Have a great weekend
Thank you - you too!
Silver's not going to make anyone rich, but if your patient enough I still believe it will be worth it in about 10 years from now.... after listening to this video made me start thinking, how much have I made so far since I started buying.... I started stacking about two decades ago, 2004.... and I never really had a consistent by until 2014.. but every year since 2004 I did put about $3,000 worth of my taxes towards it every year and $200 cash every other month ( when I wasn't deployed)... and took a few breaks here and there.... Mmmm.... Looking at the numbers of silver and gold together..... Since 2004, I'm up about 37 to 40%.... Not too bad😂.... if you factor in Platinum😮, well, it actually brings it down a bit to 19 - 22%... always had high hopes for platinum but I got caught up into fomo with that... lesson learned😂..... anyways thought I would share and help RUclips algorithm😎✌️
Thanks for the perspective 🤜🤛
Good insight Thanks for your thoughts...saving in metals means not spending in wasteful ways. Best to watch the premiums as if one over pays it is also wasteful
Cheers!
Love seeing this channel grow!!, any chance you could talk about gold to silver ratios? A lot of confusion my end
I’ll put it on the list. To do it, it probably needs some digging into some charts so I’m not just giving my opinion (which is that it isn’t a good indicator). Cheers!
Bought a bulk of my silver and gold in the mid 1990's, Silver Eagles were $6.50/ea, pre 33 Double Eagles were under $400/ea. Stopped buying silver after I couldn't buy for $20/oz out the door, buying more gold now.
An illogical argument, as gold has gone up in price much more compared to silver since the 1990s.......
@@ejkalegal3145 Gold doubling is better than Silver doubling for me, I have a lot of silver.
Math... Math is hard.....
1 + 1 = 1 😉
Obviously just look at the banks struggling with the concept 😂
@@kaynefryday6637 zing!!!
So true!
I enjoy seeing people using coins as their avatar.
@@2is1gold2 is 1...make that math work 😅
Well done as usual, 2.
I like diversification, across asset classes, and WITHIN asset classes.
Au bars: TOO concentrated and not as liquid (but I HAD to get a few of the hologram bars because there's SO cool looking).
Au coins: Very portable, best for long-term storage of wealth, good liquidity for higher value exchanges. Along with real estate, considered a generational asset.
Ag bars: 2nd best for long term; not very portable, but higher potential upside due to industrial demands (IMHO).
Ag coins: Highest liquidity, best for the low probability SHTF scenario (but I like to plan for everything).
Oh! And some things just for my own enjoyment, like those hologram bars. 😊
If I'm not having fun then I'm doing it wrong!
I can definitely see all that. Different tools for different schools. Cheers!
I like and stack both. Gold for its stability, silver for its upside potential and i think its smart to diversify. My base weight goals are 1k ozs silver and 100 ozs of gold and far from the gold goal but halfway to the silver goal. That being said, even if i reach those goals ill just extend them and keep on stacking ad long as i can afford them. Consistency is key. DCA is the way to go, in my book anyway. Great level headed video as always 2 is 1
Also the best appreciation has been in Rolex sports watches.
They’re tough to get a hold of which is what makes them hold their value. Kind of a catch 22 for making any profit at scale. I’d like to pick one up at some point all the same. Cheers!
Big agree
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I'm a fan of silver pieces. The styles, coins, rounds and pieces are usually very creative. I wish I could get these intricate silver pieces in gold
You can. Or yo can make your own. Although my gold pieces are more varied than my gold pieces
Jewelry
Here comes the pitchfork and lanterns.
YOU DARE TO CHALLENGE SILVER?! 🔥😄
Great video as usual. I like the way you lay it out & let everyone decide for themselves which is best for their own situation. I own a lot of both, but in terms of dollar value, I own much more gold than silver. Gold is my choice of precious metals by far.
Math is Truth when the data is detached from speculation.
Well done! Cheers🥃
Cheers! 🥃
His Math, zoom’s by a bit quick for me. 😂
MATHS
@@bobandmaryw4336 it’s ok to put the video on a loop until you can jot down the numbers and fact check it.
Gold is insurance - silver is speculation, and I do both.
GSR coming back to 1:
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My decision to trade for silver, buy silver, buy gold or trade for gold is directly tied to the kitko GSR. Yes, I admit that I have some guilty pleasures, but I'm trying to get into a framework where price is far less relevant than relative value. And I'm learning to be patient enough to make the right moves. If I sat on only one or the other forever, I have no idea which one would do better, I just work on a "number line" between 100:1 to 50:1.
As a relatively new stacker I have spent almost as much on silver as on gold. It seems that I had been been focused a lot more on silver. But during the last month or two I decided to try to be patient and save a bit more to make regular gold purchases (mostly fractional) and forego any more silver purchases. But then the Perth Mint came out with the new dragon coin bars and - oh well…., there’s always next month.
Ha, the struggle is real.
Just shut up and get more shiny 😂😂
Every new piece feels so good. Then that subsides and you search foe rhe next chunk
Solid point and broken down really well, really appreciate you keeping it real! So much FOMO and fakes out there. Generally it will always be gold for me, but I do like some silver, plus it is easier to pull out a few hundred instead of stacks of hundreds : )
Definitely true. Cheers!
I always enjoy your perspectives. I find 100 ounce bars pretty competitive with 1 oz gold in premiums. It matters much less about who produced it at that size.
Thanks Florida! Those 100 oz bricks are crazy. I can’t imagine throwing a few in a ruck and hitting the road. 😄 Have you ever sold any?
@@2is1gold never. I only have one. The 100oz Britannia and I paid too much for it. Great conversation piece 😆
@2is1gold haha yes for travel go gold!
#Gold & #Silver to the 🌕 baby 💪🏽 strap on 🚀
I've been mostly buying gold for the last year. I was able to get a tube of American Silver Eagles recently for 600 dollars. That's 30 bucks per coin. That was a 20% premium based on the spot price when I bought it.
Well done Silver will climb more the next few years
In terms of practicality, AU is by far more practical than AG is for me. I am talking about the selling side. I don't have any LCSs nearby who would buy AG in bulk, so I have to ship it to online brokers. That is a huge problem in terms of shipping cost alone. Not to mention that the AG will have to be inspected and appraised so there is an increase in time to consider. I have quite a bit of both AG and AU, but for the last few years, I have mostly focused on obtaining AU. It is just much easier to store, sell, and it does not blemish - ever.
Agreed. There are simple practical considerations I didn’t even hit on. You got the big ones. Cheers!
Totally agree. I see the same problems when it comes to dealing with physical silver as you do and see the advantages of sticking to gold instead. I keep a few dozens of silver premium coins like Kookaburras or Koalas, but that's it. After a couple of years, you can easily sell them individually on platforms like eBay at decent prices etc. But if I'd have to buy and keep some big and heavy silver coin tubes, deal with milk spots, then as you said all the shipping problems etc - I'd rather stick to things like Gold Half Sovereigns etc - same £ value, easy to sell, cheap to buy, small denomination (so may sell them in portions, depending on my financial needs), easy to store (and ship) due to their size and weight. No milks etc. Top choice in my opinion.
I think on your table, the item I am most jealous of, is that beautiful Liberty 2021 Liberty Coin (Mustang Horse). I totally missed it when it came out and now the price has skyrocketed, so I can't justify to myself dropping the money on it. So, I sit and look at it, with admiration. Good for you a great purchase!!
It’s a great looking coin! (But the price is crazy now.) Cheers!
Once again, great video. I was bullish on silver over gold. Today, its the opposite. I still stack silver maples, bars, and eagles when the price is right, but gold is my baby. I shoot for 1 oz US gold coin but there is absolutely nothing wrong with fractional (mostly 1/4 oz) and pre-33 as well. Thats what works best for me ✌🏻
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For me silver was the gateway metal and my rule of thumb is to stack the current gold to silver ratio. So at the moment one ounce gold for every 80 silver. I'm lucky to have very close access to Perth mint (40 minutes drive).
Thank you for your methodical analyses of precious metals. I tend to buy both on a regular schedule gold in 1/4 oz per mth and silver in rounds and minted coins. I am interested on your option of Goldbacks. I been seeing a lot about them just not sure if they will be worth the hype.
I love the idea of them, but they’re very much in the novelty stage right now. I’ve asked a handful of local shops if they’d buy them, and none have said they do. Just talking craftsmanship, they look great!
Selective with silver for items I like. Weight and storage is an issue with stacking it, hence why I prefer to stack the other PM.
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Always enjoy your content, one of the few pillars keeping the sky where it belongs. :)
I understand the unit price, easier to get in and buy a bit of silver than a bit of gold, but in my state, the tax treatment helps me be more patient. Currently have to spend over $2k to avoid sales tax and a written record.
Otherwise, I am all in on copper. It is the metal of the future, going to the moon and back. So efficient to buy and hold too. I am actually quite disappointed not to see any copper bars on your desk. ;) Lol
Copper and lithium to tha moon! 🚀😄
I bought a lot more silver years ago when premiums were lower. I love the look of it and I wish the premiums made me feel like I could buy more. Sometimes I can find a deal and when I do I pounce. Mostly I'm now just buying silver for the pretty coins and I'm ok with that. Thanks!
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I’ve recently increased my monthly Silver plan from 12oz to 16oz. It just seems to be on sale right now in the grand scheme of things..I think if it were to 2-3x I would try to sell most of it and convert to Gold…despite the premiums I think everyone should strive for a tube of silver eagles 🦅
Another dank video
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As others have said, silver is for fun.
Building two "treasure chests" for my grandsons: take a Pelican 1150, add a tube of Zombucks with each new release, and finish cubing it out with Sunshine Mint bars...should total 250 ounces each in a few years...and don't forget the sunshine mint decoder lens, those are fun too.
Logical objective perspective
I'm looking to get goldbacks to use as dollars and silver to use as change. I'm not looking to collect or stack. I'm just looking to replace my currency with more sound money. Would this be good or bad?
I try to buy dips in either metal, but my goal is to wind up with a 50/50 split 10 years from now...either way, I think we can all agree that RCM bar looks awesome on camera
The biggest problem that I see with ASE's is the amount of high quality fakes currently coming over from China. I see them advertised everywhere on social media and currently there are about a dozen sellers on Ebay selling them for around $25-27/each. Unsuspecting consumers are then flipping these for quick profits and so the market is getting flooded with these things from many different avenues. My fear is that if this isn't addressed soon consumer confidence will start to dwindle and the price will follow.
apmex or jmbullion
It’s straight up facts and math
Personally I like both metals but tend to always lean toward Gold
Great video keep it up 2/1 !!
🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
Thank you 🤜🤛
Well done! You did the research and the math and this makes complete sense. The popularity of silver as poor man's gold is what keeps that premium high I would say. The hunger feeds on itself and builds. I need to save a bit longer for the gold and save myself some fiat for the effort.
"Wise men do at the beginning what fools do at the end"
Excellent Quote! It hits home. 😂
I’ve been the fool enough to believe it! 😄
Just checked on the premiums. For 10 oz bars about 12% at Sd, for generic rounds about 11%. For gold, premiums around 6 to 7%. So I get the point on premiums. The play to beat the premiums on silver is buy PSLV instead of physical on the waterfall silver price declines. Then switch into bars and coins after the price rise when premiums generally come down.
I love gold but it's like investing in companies I need to find what my money can buy a lot of but if i ever get the right amount I'll be after all the gold i çan buy for now it's silver love your videos they're always smart and interesting.
I like silver for denomination in the case where I’d actually need to use it for it’s intended purpose. As money..
I've been stackin 90% silver for years now...especially halves
I'm close to finishing a silver maple monster box, then I'll start on a gold maple monster box ;-)
Wow, 💪🤩
Majority of my silver was in the .25 to .35 maybe .40 premium range
Superb imfo. Thank you brother. New sub! 👍 Debating on flipping some silver for gold? Need to do more research before jumping. What do you think, or should i wait to see if silver goes higher first in your opinion? I know your not a finacial advisor but respect your input!
Thanks! The way I see silver is that it hasn’t made its move yet. I might actually hold onto it at this point. In 2020, when I sold most of mine, the capital went right into carnival ride type investments (BTC / ETH). Cheers!
@@2is1gold Thanks for the advice brother. Being retired I can't really afford gold anyhow, so I think I'll take your advice and dit & watch for now! Thank you again!
I like silver quite a lot and for me, it's a good place to stash some of my wealth. I like that its entry point is low so I can buy regularly without the $2,000 per coin shock price.
Because it can be stacked regularly, it helps reinforce my desire to stack and to build a large stack. All that said, I haven't bought any silver since 2019, other than some
Morgans I got from a good friend. Part of this is due to the fact that I considered my silver stack to be completed in 2019. But I am still buying gold because I have a goal
that I want to achieve for my gold stack and for that, I need another 30 ozs. No, this is not out of reach because I still have that jumbo CD coming off its maturity date in
early August. So, I continue to stack gold, have about 75% in 1-oz. coins and the rest in fractional gold, both 1/2 oz. and 1/4 oz. Gold Britannias were a really good buy
about 6-8 months ago, with the premium for those 1/4 oz. coins being only slightly higher than for the full 1-oz. coins. Since then, however, premiums have widened
somewhat and they are less of a good deal. But gold premiums are still reasonable in the 5-6% range for 1-oz. coins. I just ordered 3 more 1-oz. gold Maples, which is
a nice addition to the stack. I'd sure like to see a substantial price pull-back in the next few weeks, though. That would be really good. 😀
I’d like to see that pullback too. But ALSO, I’d kind of enjoy a price run for a bit to show what it can do. Cheers!
@@2is1gold I'm holding back on the price run until AFTER I have completed my gold stack! 🤣 🤣 🤣
Great video. It's not that Gold is better or Silver is better, either one has their place and uses and they both do a good job in what they are for. What it IS about, is that BOTH Gold and Silver ARE real money and hard assets with intrinsic value in owning them...as opposed to Fiat which has none of those. Holding Gold and Silver is akin to owning a house or owning artwork or owning fine whine or whatever other hard asset you can think of and just by owning it you have the value of it for the future. To contrast that the fiat you buy with it today will be worth variably less (by design) over time, that's just a fact. And THAT is the reason to own Gold and Silver, not to compare the two and try to figure out which one is "better". That is an individual subjective decision and not a universal truth as to which one is "better".
One thing that i do find about Silver that i have never heard about Gold but it does shock me every time i see it. When the price of silver goes down, it seems my LCS's fill up and talking to them they tell me when price drops folks tend to sell and they get to restock inventory (which makes me happy)...that shocked me. The way i view it is that i put a constant amount in and when the price goes down then how much i buy goes up, i mean it's basically a sale price. Don't see that at all with Gold.
Haven't touched silver since 2017 I did load up at the time. Storage space is an issue so only gold now.
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Bought a whole lot of silver and gold in 2020 due to fear of economic collapse. I am ahead on ALL of those buys. Sold lots of ASE for some tidy profit even though I bought them at $28 plus in 2021, because of the crazy buy and sell premiums last year. I am still underwater with the silver Maples though.
When I do buy again, I have a clear number for what I'd pay for silver and gold in my mind. That way I don't care what the premiums and spots are doing at any given moment. Got me some substantial 'cheap' silver and gold Sept last year. I am WAY ahead on those buys.
I will wait patiently for the next buying opportunity. In the mean time I'll stack fiat. There are so many advantages to this buy at the deep dip strategy vs doing something like DCA when buying precious metals. Maybe you can do a video comparing these different strategies.
P/S: I've had occasions where I could get as low as a 2.5% buy premium on silver that I didn't snatch up just because it's still ABOVE my target price. Focusing just on the premium, or spot price only, is a mistake in my mind. Figure out what's a reasonable silver/gold value is, based on their values overtime, and focusing on those numbers only when buying is the way to go for me.
I agree 💯. Exactly what I do
Hi i don't know if anyone else has had this idea but i have some silver Scottdale bars and they have a shrink wrap to protect them i have had them for some years and there is no toning or milk spots so i presume that the plastic is stopping this from happening if this is the case would it be worth it for suppliers to heat shrink their coins and would you buy more
Silver is the gateway metal for sure. I got up to 80+ oz silver and now I just want gold. I enjoy junk silver though just kinda rare to buy
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Thank you for posting!
Excellent information, as always.
Gold and silver are both awesome!
Perhaps I may humbly suggest to a beginner dabbler in precious metals, start with silver, until you acquire a mature taste for what you like, due to the start up cost.
As you acquire precious metals, do you start to prefer rounds, coins, bars, what size?
Full disclosure… I am the guy whose eyes glaze over when any infomercial for gold or silver comes on TV.
My wife has to hide all the phones and computers, so I can’t order anything.
Thank you for posting.
Good plan. Also throw some mat goals in to keep your mind and body occupied. ✊
@@2is1gold
Amen!
Oss!
I love both. But gold takes up so much less space. Easy to get 24k Canadian. Thanks for the video. I have trouble explaining metals to my family but I’m not confused
Good info and the ugly baby comment was hilarious 😂
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I pretty much gave up on stacking silver in 2020. Though I do still flip silver coins in niche markets. I dont recommend it though without really knowing the market because you are behind the 8 ball to start almost always. I still hold alot of silver but its all pre 2019.
This information is very helpful. I've been trying to figure out how I would do things differently if I could start stacking all over again. I initially had regrets for acquiring too much variety. However, your thoughts have made me realize I wasn't too far off as I was just buying anything on sale. Doing it over, I would just have a more focused list of items to collect and to make sure I won't lose more than a dollar an ounce in premiums when selling. Right now it's easy as I am seeing premiums lower than they've been for the past year. Let me know if you think this target is reasonable: For silver, paying no more than $2 premium (avg.) on bars and rounds and $3 for any sovereign silver coin?
For me I don't care what the premium, or the spot is for that matter. I have a target number representing the current reasonable value of gold/silver. I arrive at these numbers by analyzing the gold/silver value over time. Even if the premium were $0.50, I still wouldn't buy if the buy price were still too far above my target price. Gold and silver are range bound the last 3 yrs. I'd rather buy at the bottom than at the top of the range. I don't buy on a schedule, or DCA. I buy when silver/gold prices dive. In the meantime I stack fiat so I could buy more silver/gold much 'cheaperly'. Made some good buys last September. I will sell some at top of the range to lower my cost basis.
@@ptaeiy yeah, this is a smarter strategy. I am overly obsessed with premiums. Do you mind sharing what your target price is?
Im learning some silver enthusiasts are similair to the modern baseball fan. You get a couple wins after a slump and all of the sudden youve turned a corner and in the playoff hunt. Silliness.
For me silver was a way in to PM's. Low budget so i have to strategize a bit more, but my first PM was 1/4 oz AGE. I like a lot of mint designs and silver gives me a chance to collect said cool mints. Like the new Malta golden eagle's.
Yeah, I get that angle too. Cheers!
I’d be interested in an updated video because the premiums are quite a bit better now. I stack both. I love both silver and gold. I’m surprised you aren’t more favorable to silver the GSR is historically very high.
Although I completely get your points in this video. I think the reason silver gets pumped more than gold is simple, it’s cheaper and more people can afford it, thus it’s more profitable to sell. If you’re pumping gold chances are you’re not going to get nearly as many takers at 2000 an oz, whereas everybody and their mother can afford to buy some silver at 24.
I bought thousand oz holding till goes as high they say it will but not sure if should by gold even in 1/4 oz. So hard to know what to do
One word: Gold
Lotto ticket lol I have a bunch of them
Agree with your assement because of my experience of buying into the hype
I started buying 100 oz silver bars in 2003 and 2004 when silver was 4.50oz still stting on many of those bars ... But this has caused me to buy into the hype more! Feeding the green-eyed monster of more/ hype has me hold the bag on more then I would like to admit
Metal is for retaining wealth for me long hold ... trade around some gold for fun thanks for the video
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They are certainly very different metals. There is justification for both in a portfolio. Premiums aside, the only major downside for Ag for me is that it is heavy.
That's funny, for me the heaviness is what I like about it.
@@MrDavidknigge I see where you are coming from on that note. The weight, and the sound is satisfying...the logistics of the weight can be cumbersome. That is why I mentioned it as a downside.
I think silver will climb dramatically over the next year or two because the dollar has been so devalued and just keeping going down. If gold goes to 3k silvers gotta climb past $50. You can’t afford to pay companies to mine it for current spot price, minimum wage goes up, housing costs, food etc. this will impact silver prices. Can’t avoid it. We’ve seen 20% inflation in the past 4 years.. if they keep doing that we will see silver rise.
I'm actually quite fortunate when it came to silver. I didn't get interested in it until 2013. Better to be lucky than good.
Good timing there.
@@2is1gold I remember buying Morgans at $13 a coin. I don't think I can lose on that one.
If you're already on Top - Gold all the way! 👍
The Liberty in the middle is my favorite. I know it's expensive .
Every other year the Mint proves they can still get it done. 🤩
I bought eagles for 12 over spot at a coin shop. 2 months later I seen JM bullion buying eagles for 11 over spot. 1 month later at the same coin shop I bought them from said demand was down and he could not sell eagles. And he offered me spot. That was between December last year and the first quarter this year.