Is Silver And Gold A Good Investment? Watch Before You Even THINK About Buying
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- Опубликовано: 7 авг 2024
- Is buying silver and gold actually a good investment? I look at the return of silver and gold vs. stocks since the Great Depression.
There are a lot of myths that silver and gold stackers believe about precious metals. I will tell you why they are not true. A lot of gold dealers constantly put out articles to scare people into buying precious metals. I will separate the lies from the truth.
If you want to invest in silver and gold, what is the best way to do it? I explain why the only way to invest is to make sure you pay as low as a premium as possible. For silver that means no more than 10% premium and for gold that means no more than a 5% premium over the spot price.
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Disclaimer: I am not a financial advisor, and nothing on this channel is meant to be financial advice.
The ideas expressed on this channel are purely opinions and should not be regarded as objective information. Nothing on this channel is a recommendation to buy or sell securities. Do not assume that facts and numbers in any video are accurate. Always do your own due diligence.
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The best way to make money with gold and silver, is to either steal it from someone, or go mine it yourself. That's about it.
I still like buying it, because it makes me feel like I have treasure, but I don't pretend that I'm making money.
I totally agree. It feels good to see and hold gold and silver coins.
Great comment !
@@FinanciallyAware It is extremely incorrect and misguided to say that silver is abundant in nature. Even if it were more plentiful, the reality is that current numbers and estimates indicate the opposite. Silver does not grow on trees, reproduce like rabbits, or appear like mushrooms in the forest during autumn. The truth is that silver exists in limited quantities; once it is consumed, it is gone, as the Earth does not produce more. There is no natural cycle or tree that generates silver.
Recycling silver is difficult and expensive. If the cost of silver were higher, it might push the industry to recycle it, but currently, it is impractical. Silver must always be sought after, extracted, processed, and brought to market. Given today’s uncertain geopolitical situation, this process is no longer feasible at low cost due to various factors, including the cost of oil and its refining, the cost of oil production, government restrictions, and new environmental regulations that further limit its access and use.
If they're in it for short term gains they're not in it for the right reason. It's a long term gain like 5-20 years.
Different people have different reasons and time horizons. But, if you are buying physical PMs you should have a longer time horizon.
PMs are insurance. There is a proper time to invest in stocks, bonds or real estate. With war mongering heating up and banks showing signs of distress along with government's mismanagement of the economy, I think this "insurance" policy is going to come in handy sooner than many people could imagine.
There are people that started preparing when Nixon stopped the convertability of gold for other governments back in 1971. It is fine to be prepared and have PMs and supplies, but don't be obsessed with it. You still have to live your life. I thought the whole system would collapse in 2008. Their ability to kick the can down the road is impressive.
@@FinanciallyAware "How long can they do it for?" is the question.
@@liquidreality472 sooner or later it's not an hard question to me but if they (not me) have planned for the net zero agendas for 2030 and you see ALL GOVERNMENT AND INDUSTRY ARE MOVING IN THIS DIRECTION THEN HERE YOU GO..
Collector's items are a hobby not an investment, imo. Any thing that has a 'Blue Book & Red Book" value, means that you the little guy gets screwed both buying & selling said collectable. Only the dealers get to make money in the 'collectable' rackets. And far as just the bullion goes there are still 4 prices to have to keep in mind at the same time. Spot, dealer premium, market, and the BS premiums (oh this bar was minted/cast by so & so it cost more than no name brand bars). Silver & gold are the epitome of 'buy low & sell high'. And they cost you security over time, if it's bank security box or a $10,000 2 ton safe, it cost you over time, yet generates no interest. Great video thanks again! And never ever buy into a 'leverage Metals Account' scheme, they are the worst way to lose every penny you put into them and never even get your hands on any real metal.
Yes, stay away from collecting stuff or any kind of scheme that gives you a piece of paper in exchange for holding your metal.
Thank you for the soothing financial update, 'preciate it.
I'm glad you liked it.
Always a-great show and ur one of the few underrated podcasts out there.
Thank you.
The 1st coin dealer I met told me, "an oz. of silver is an oz. of silver" thanks for your honesty!
That is exactly how I see it also.
Thank you for your informative video and common sense approach. I already have some silver and would like to add more. If you can wait to buy silver, should I wait until the price pulls back 5%, 10% from its more recent high? What are your thoughts?
I don't know if this rally will last but right now premiums are down a lot. If you can buy a 10 or 100 oz bar for like $1 over spot instead of $2 or $2.50 it is like getting a 4-6% discount. P.S. I have not bought any new silver in probably 10 years so I am not trying to get you to buy silver or not. It is your money, your choice.
@@FinanciallyAware Thank you very much for your advice! God bless!
That's why I like the common sense channels like Whytecross Numismatics. If we started educating new silver stackers on the fundamentals, and being honest about currencies and investment possibilities, they'd have a broader view. Precious metals are just a piece of the monetary puzzle. Estate sales, rental properties, bonds, etc. can be thought of as money too.
Yes, I think people need to diversify their investments in multiple things.
@@FinanciallyAwareThe most honest channels will tell people that silver is savings account. You can't eat it; you can't drive in it; you'd be foolish to make house out of it. It's just a savings account until you figure out your next financial move.
Gold and silver aren't investments. Investments are there to make you money. Gold and silver ARE money.
Yet, they tax you on the decline of the dollar vs. gold and silver.
@@FinanciallyAware I have a theory that one reason governments are devaluing currency and causing inflation is to push people up into higher tax brackets. Not only is inflation a "hidden tax", it also pushes people up into higher income tax brackets. :(
My friend loaded up on physical silver and was convinced he would get rich in no time. Well 6 years later he's breaking even. He missed all the other investments where he actually could of got rich, like real estate or the dow or nasdaq. 😢
At the end of the day, know one really knows which investments will be best so have a little of everything.
I don't really look at previous metals as investing. It's a way to keep wealth from prying eyes. Their price is subject to gains and losses like anything. Bottom line is cash is King and property
One of the best qualities of PMs is that it is private and outside the banking system.
@@FinanciallyAwarethat’s why I hold it myself. $ wise I have 50%gold and same with silver. I only have around 10% of my investments in it. I do trade it on the paper market and have done fairly well with that. What I hold physically is really just insurance so to speak and people don’t know what you have of it.
CASH AND PROPERTY? None of the two... As both of them are merely IOU
I get what you are saying and I'd say still that gold and silver are valuable investments. Not that you implied anything else, but in my local currency NOK the prices have more than doubled in a few years and will probably go much higher because of fiscal spending and monetary policy. Yes, some might not want to wait that long, but I don't see any reason why it shouldn't go higher as it is. The US price has remained somewhat stable, but I suppose those who hold Argentine Pesos, Vietnamese dongs or Turkish Lira would attest that it has been a comfortable, if not lucrative, investment.
With that said, I do enjoy your videos. Especially the ones where you tried to hustle european coin dealers with american silver coins lol
This video is aimed at people in countries with relatively stable currencies. If you are in Argentina or Turkey you probably want to hold as much PMs as you can. I was in Oslo in 2016 and 1US Dollar was 8.4 NOK. But I still remember it as being probably the most expensive place I ever been. A Burger King Whopper meal was about $14 back then. It is a very nice country though.
@@FinanciallyAwareThanks (its me, but a different account) my country is beautiful :) Although our currency is one of the worst performing in the west for some time now. Inflation is also catching up to most people here and it is a matter of time before things go worse I fear. Weak currency, high imports and businesses closing. Not exactly an ideal situation these days. I'll probably be alright though 😁 don't imagine Mad Max scenario except for in the prices of every day goods and services
@@FinanciallyAware Just wanted to add that all Fiat currencies are on their last legs, with more than 90% of purchasing power against gold losed. So not really the best situation we are in today.
There are a lot of problems with these long term investment comparisons. First 90 years is not a human time horizon. Most people start having some money at 40 and want to retire at 60. So for a normal person the long term investment time horizon is more like 20 years. Second for most of these 90 years you couldn't buy an ETF and would have had to buy the individual stocks, many of them went bankrupt or you had to rebalance all the time and pay taxes on your gains and lose on compounding. Precious metals don't have any bankruptcy risk and there were 10 year periods (which is pretty long in human terms) where they significantly outperformed stocks. Returns need to be risk adjusted and there is a lot more risk in stocks than PMs. Why do we always have to compare to the S&P? Japan is a big market and had a 20 year long bear market. If you want to make money in investing you can't be married to one asset class. There is no best.
Stock are IOU like houses, land etc.. All of them directly correlated to dollar term.
I bought the stock symbol GOLD 3-4 years ago thinking that it will work a liitle bit in the opposite direction as the stock market (option 2). Unfortunately, it follows exactly the up and down of the daily stock market. I don't see any benefits of keeping that stock now.
Nick, Thank you so much for your insightful videos!
Glad you enjoyed it
I'm a stacker of gold. But you pretty much nail it about PMs as an investment. I do also like the privacy aspect of PMs.
Yes, I like the privacy too, but that is going away as some coin shops want ID to transact. And when CBDC comes, you may never be able to buy or sell anonymously.
Yeah, when talking PMs, investment is not the right word. Insurance fits better. If we go into hyper inflation, you will want to own some.
I see it as an insurance policy that I may be able to sell when everyone wants insurance.
If u can find Kilos, they are often at spot or very near it
That is the way to buy silver. Think of the premium as buying a bag of rice and the premium is what they charge for the bag that holds the rice. Why should you pay a lot for a bag? You just want the rice.
So your argument is that if you buy an asset during a boom and sell at a low, you will lose money. Got it.
Wish I had seen this video 10 years ago holding a large amount of silver 1 oz coins for 10!years and it’s done nothing. Regrets
I still remember buy 100 oz silver bars from Tulving right before they took everyone's money and went out of business. I think that was 2009-2010. The price was $22 and a $0.50 premium.
Good job
Glad you enjoyed it
What are your thoughts on rounds?
They are fine as long as you are not paying too much premium. Right now Vermillion Enterprises is selling them about $1.50 over spot or about 6%. He is also selling 10 oz bars only $1 over spot or 4%. Have a look at his pricing video to get an idea of what is available and what you should pay.
ruclips.net/video/SyTpSf20B3U/видео.html
For silver I would try to pay 6% or less but up to 10% depending on general premiums at the time.
I am not affiliated with Vermillion Enterprises. I just like when dealers are very transparent about their buy and sell prices.
Thanks. Are you in NYC? If yes, how about a video on how things are - there is a discrepancy between what is portrayed on tv and what boots on the ground say. 🤷🏼♀️
@@aliceg1619 I am in FL but I visit family in NYC a few times a year. You can watch my travel channel to see how it really is right now: ruclips.net/video/ieOQWrhNy64/видео.html
Just watched it- did not know you had a separate travel channel. I was born in Queens but moved to NJ at 6 so don’t remember it. Trying to convince my 2 daughters to leave Brooklyn! I’m just outside Nashville but lots of people moved here from blue states.
This video does a good job of explaining how premiums work but falls short there after. You oddly admit to your hypocrisy when you say you are a stacker but then go on to advise others not to be? 🤷♂️
Were you aware that when America went off the gold standard only about 25% off all physical gold was confiscated? ETFs and large vaulted gold was taken but almost none was taken from the average man. It’s very easy for anyone to say “did you know that -insert worst case scenario-“ but as a logical person knows life is more complicated than “the government will break down your doors”. Tell me, how will these government door breakers be paid? With trillion dollar bills? 🤔
In the end PM is a savings account and not a chequing or investment account. It is a store of wealth not a rocket to ride to the moon. Act accordingly
I am not being hypocritical. I am a holder and admit it is a bad investment. I have bought most of my silver back around 2006-2008 or so. I realize that it has gone nowhere except for the brief run to $50 in 2011. It was a bad investment and has done very bad compared to gold and stocks. I don't say not to stack, but I say do not pay a high premium and definitely do not put the majority of your money in silver or gold or anything. Diversify. I am against the people that tell everyone to put all your money in silver at any price because it will eventually be revalued and you will be rich when this happens. This to me is very misleading and is done by some of the people selling the PMs.
The government also confiscated silver in 1934. They don't have to come to your house to take it. They can make it illegal to hold or put some kind of high tax on it when you sell it I don't really think that will happen these days because the amounts of gold and silver that Americans hold is small in comparison to the trillions of dollars they print without the need to back any of it with PMs.
gold is worth its weight in gold..if the dollar went away the gold would be worth what?
Nothing 😂
My precious metals are iron, copper, lead and brass. 😂
That is also very important to protect you and the PMs. 👍
Gold and silver are needed in compete economic collapse. Other than that nada....also watch ur video on trying to sell ur silver in Europe.
Nope gold is money and banks and government want it back as collateral reserves. Silver is used for industrial purposes. so to conclude as toady both PM are needed..
Talking about reality is good, but like everything else, it needs to be put into the right perspective. Saying that it's better to invest in ETFs instead of holding onto hard assets is completely wrong, in my personal opinion. Investing in ETFs, stocks, bonds, etc., was good if you did it 20 years ago. However, today's economic landscape has undergone significant changes due to geopolitical tensions, pandemics, wars, rising interest rates, de-dollarization, substantial debt levels, banking crises, green agendas, the end of petro-dollar agreements, and more. It is obvious, if not evident, that having something tangible to rely on is essential. The need for security is a fundamental human instinct; the desire for protection is a natural aspect of every responsible head of a family. It remains unclear why there are still people today who insist on investing in empty promises when what we need are certainties, not hollow dreams of wealth.
People who bought silver a year or so ago with those huge premiums where in a state of delusion. I didn’t pick anything up other than trading it on my brokerage account for small price swings.
I just saw an eBay sales of rare legacy silver bars like a 7oz englehard bar for 486/oz plenty of bids too. Now rarity is going to cost you. same with some rare American silver coins. I agree just buying American silver eagles or 1 oz silver bars is rarely worth it. People pay stupid prices for rare art and then they also buy Hunter Biden art for stupid prices . It’s what format and what you buy Rarity has a price
If you are buying for a time of financial crisis, that rarity premium may disappear.
@@FinanciallyAware
i do buy some fractional gold of which i get at spot or lower, however in general I buy rare gold /silver. The wealthy still buy these types of numismatics, like rare art, and other collectibles . not that I’m wealthy just trying to maintain it. I generally think bullion is a loss leader , I prefer this hybrid form of wealth investing.
I just want enough to fill a money bin and swim in it like Scrooge McDuck.
Silver is not an investment it's a store of wealth. You are mistaken. It also very manipulated by the big banks. JP Morgan was just fined 900 million dollars for manipulating the silver market and people went to prison. Also the price is set by the paper market. The price has nothing to do with physical silver. Get your facts right buddy
I am aware of the manipulation and the fines. Is Jamie Dimon going to jail? No? Then it is just the cost of doing business and it will continue. If the paper market was really mispriced there would be arbitrage to buy as much as physical as possible. But no one is betting the ranch on it like the Hunt brothers did. Are the people who have been writing these articles about the manipulation for the last 20 years selling their homes and loading up on silver, or are they happy to sell you as much silver as you want at the "paper price"?
@@FinanciallyAwareMost people believe that money is real wealth. Yet, everything we spend money on requires energy to mine, create, deliver, run, maintain, and dispose of. In this way, money is ultimately a direct claim on energy and resources.
Our economic stories assert that with more money we can create more of anything. The truth is we cannot create energy. We both extract and burn it faster by using technology and printing money.
Natural capital -particularly energy-is the true foundation of our monetary systems. As we create more money we don’t create more resources, we merely access them faster.
@@FinanciallyAwareMy perspective on silver is that, above all considerations such as the paper silver scam, dollar inflation, gold ratio, and price suppression, and BRICS distraction, silver holds great value as an energy storage medium.
Contrary to common belief that the economy runs solely on money, it fundamentally operates on energy.
In essence, energy is the true backbone of the economy, while money merely represents a claim on the work derived from energy. Moreover, debt functions as a lien on future energy resources, making energy an essential and underlying factor in our economic systems.
Great video as usaul. Crypto col
Glad you enjoyed it
Great video
Glad you enjoyed it
It is extremely incorrect and misguided to say that silver is abundant in nature. Even if it were more plentiful, the reality is that current numbers and estimates indicate the opposite. Silver does not grow on trees, reproduce like rabbits, or appear like mushrooms in the forest during autumn. The truth is that silver exists in limited quantities; once it is consumed, it is gone, as the Earth does not produce more. There is no natural cycle or tree that generates silver.
Recycling silver is difficult and expensive. If the cost of silver were higher, it might push the industry to recycle it, but currently, it is impractical. Silver must always be sought after, extracted, processed, and brought to market. Given today’s uncertain geopolitical situation, this process is no longer feasible at low cost due to various factors, including the cost of oil and its refining, the cost of oil production, government restrictions, and new environmental regulations that further limit its access and use.
Money was not invented by any single person. There is no specific inventor of money who can make such a claim. Money emerged organically through experimentation, effort, and conflicts, primarily to fulfill human needs. Over more than 5000 years of history, money has been created by humans, for humans, evolving through various stages including testing, wars, and societal developments.
You are obviously clueless whats going on 🙄🙄
Just calling me clueless is not much of an argument. I don't mind if you disagree with any or all of what I said. But if you disagree, tell me why so I can see your point of view. Maybe you will change my mind.
@@FinanciallyAware Its not my job to educate you, you are the one making the misleading videos 😉
@@foolsleadtheworld578In other words, you have no basis for your previous ad-hominem attack.
I would agree on ignorant.. 😂
Liar, liar pants on fire 😂😂😂.
I have a friend that made small fortune during last recession and the next one is just around the corner.
Nick you probably lost alot of money on bitcoin last time it droped 😅😅. Thats why you dont want people to invest in metals.
Hey look at this. Someone who gets it. Yea people you are being duped. There is no silver shortage. There is tonnage out there. All these prepper videos and everyone and their mother is buying silver. Down here in FLA with Insurance/Taxes going up people are forced to start selling their stack. More sellers than buyers now. So where to make your money? Try sports betting. Well better not do what I do. I am a professional.
I like silver and gold, but I see that silver has performed very weakly. That said, you are much better off overpaying for silver than trying sports betting. I hope you were kidding.
The only way the PM scenario works out is with a gold standard world wide. With the up coming change to digital currency some see PM’s as a way to circumvent the situation. Which it may be to some degree. Bottom line is we are in uncharted waters now the safe bet is to have a stock pile of essentials. No debt and have access to all forms of currency.
It is extremely incorrect and misguided to say that silver is abundant in nature. Even if it were more plentiful, the reality is that current numbers and estimates indicate the opposite. Silver does not grow on trees, reproduce like rabbits, or appear like mushrooms in the forest during autumn. The truth is that silver exists in limited quantities; once it is consumed, it is gone, as the Earth does not produce more. There is no natural cycle or tree that generates silver.
Recycling silver is difficult and expensive. If the cost of silver were higher, it might push the industry to recycle it, but currently, it is impractical. Silver must always be sought after, extracted, processed, and brought to market. Given today’s uncertain geopolitical situation, this process is no longer feasible at low cost due to various factors, including the cost of oil and its refining, the cost of oil production, government restrictions, and new environmental regulations that further limit its access and use.
Talking about reality is good, but like everything else, it needs to be put into the right perspective. Saying that it's better to invest in ETFs instead of holding onto hard assets is completely wrong, in my personal opinion. Investing in ETFs, stocks, bonds, etc., was good if you did it 20 years ago. However, today's economic landscape has undergone significant changes due to geopolitical tensions, pandemics, wars, rising interest rates, de-dollarization, substantial debt levels, banking crises, green agendas, the end of petro-dollar agreements, and more. It is obvious, if not evident, that having something tangible to rely on is essential. The need for security is a fundamental human instinct; the desire for protection is a natural aspect of every responsible head of a family. It remains unclear why there are still people today who insist on investing in empty promises when what we need are certainties, not hollow dreams of wealth.
Silver is dead money.
It’s mainly boomers who grew up with silver as money.
Young people have no conception of silver as money, and I think they never will.
With everyone so down and negative about silver is when it’s time to buy.
Dead money.. Are now money being dead??? 😂
I agree, sliver and gold is a loser. I have both. I wished I never bought either.
I don't mind that I have some, but I am kicking myself for not selling a lot in the run up in 2011. It has been dead money ever since.
@@FinanciallyAware I'm trying to figure out the peak and get out for good.
Anyone is free to think and do whatever they like with their money. People who invested in precious metals a long time ago might have been better off with a different type of investment if getting richer was their goal.
I don't include my precious metals as part of my portfolio. I simply consider them my savings. I have 95% of my savings in precious metals and nothing invested elsewhere in them.
I hope this helps you, buddy.
@@ramblinrogers649 Anyone is free to think and do whatever they like with their money. People who invested in precious metals a long time ago might have been better off with a different type of investment if getting richer was their goal.
I don't include my precious metals as part of my portfolio. I simply consider them my savings. I have 95% of my savings in precious metals and nothing invested elsewhere in them.
I hope this helps you, buddy.