Not only educational video but entertaining as well!! Like the honesty many people needs a reality check! My take away from this is silver is sucks and gold is less suck.. He is a wise man!!
I look at silver as a hedge that gold may drop and silver increase lowering the G to S ratio, then I convert my silver to gold. Hopefully we see a ratio around 60 ounces of silver to buy an ounce of gold. I don't buy silver coins I buy bars but I do have some coins for if there is a monetary collapse, another hedge.
What evidence is there that silver price is highly manipulated and it’s current price is is suppressed significantly because of it? I’ve been hearing about it for over 20 years. But I now I suspect that this is bullshit pushed by frustrated stackers as a cope.
You can't rig physical demand for 40 years. Yes the derivative market exists, but if there were a shortage, it would be reflected in the price.. It's important to note that 800 MILLION ozs of NEWLY mined silver hits the market EVERY YEAR!!
@@cl5619 Seriously?You're unaware of the CFTC actions against JP Morgan for their criminal manipulations?The fines imposed,even though enormous,were only token compared to their ill gotten massive gains.Merely "slap on the hands" from corrupt government regulatory agency.
@@mattfinleylive yes. If silver price was manipulated (naked short selling) to a suppressed price, that should suppress mining activity and the rate of new supply. That should bring about a shortage for industrial use. My theory is that silver has its legacy of monetary value depreciating as time goes on. It’s really only the boomers who grew up with the concept of silver as money. Their population is dwindling, and the young population doesn’t have any silver money conception. I don’t expect this to change unless we had some extreme hyper inflationary scenario. And even then we could have cryptos that can take much of the place of money that silver would otherwise fulfill.
My coworker says to me SILVER NEVER GOES ANYWHERE. Since he said that I have made a lot of money trading the Sprot Physical Silver ETF., PSLV. The Canadian ETF regularly trades between $10 and $11.25. About every 6 weeks Silver goes through a cycle. The silver market is highly manipulated in my opinion.
I trade it all the time as well but I do buy the physical as well. Currently up 24% on silver and similar with gold I believe with the sprott etf. I especially like doing it with my Roth IRA.
I like PSLV but for frequent trading purposes I would stick with SLV so you don't need to worry about the premium of a close-ended fund and it also offers more liquidity.
I agree!!! Why not make the opposite case? Say one bought silver in 79 for $5.00 AND SOLD IN 80 FOR $50.00 or bought the low in 2009 for about $10.00 and sold in 2011 at $50.00? What would be the comparison to inflation THEN? Of course all stackers buy at the peaks NOT the pull backs!!!! TOTAL BUNK!!!!
The gold peak of the early 80s was the result of future expectations regarding high inflation, so that was baked into the price. When double digit interest rates killed inflation and therefore gold, the price dropped like a rock, but it needs to be understood in context. No doubt many investors got burned during that frenzy, but only annual averages are somewhat reliable measures, not peaks.
@@lamentate07many get burned on all sorts of investments. I buy gold and silver along with all sorts of other investments some do well some are terrible. I like the fact that I actually hold the metal. The past history of an investment doesn’t mean it will continue to go that direction.
Brave of you to make a video going against the YT silver stacker community. Have had the same opinion as you for some time and agree 100% with every point made.
All good stuff, but the problem people make is comparing the 1980's and 2010 highs with inflation. It's if you bought around the average price, or were lucky enough to buy at the lows, that it makes sense. If you bought silver at $50 in the 80's or around 2010, you were a sucker. If you would've bought around $5 in 2005, you're doing well; but if you bought around $5 in the 80's, silver should be around $30 today to make it a good investment.
I witnessed the silver gold run up in price in the 70s and culminating in 1980. What drove that pricing was the conviction of the public that inflation would continue, that silver "would go to the moon". I started buying precious metals in 2003 because the prices were so low that you could leave a gold coin on your dash in a public parking space and no one steal it. I will hold the PM until the gold/silver ratio goes from current 90:1 to 15:1 at which point I will trade my silver for gold. Then when one ounce of gold equals the DOW 30 I will sell gold and buy real estate. That's my plan.
Saying silver has decreased from $50 to $25 is an argument not to have bought in 1980 but not a strong one not to buy it now. Just because it hasn't kept up with inflation does not mean it won't catch up. When the dollar and bond market collapse, people will seek to transition their dollars into anything that can hold value - silver and other commodities are an obvious choice. It's also possible to pay low premiums for fractional gold (e.g. old 20 Franc coins) or 1oz silver coins or rounds if you find a good deal. You shouldn't get much hostility for this video. It's an honest take and investors should always be open to listening to alternative takes, especially if they're bearish when you're bullish.
Silver has a shrinking monetary value (a deflationary premium). If it had no monetary value, it would be like copper, an industrial metal that is priced lower than it is today. And then when inflation hits the commodity sector, we would see silver’s price inflate. It’s only in a hyperinflationary scenario that we would see silver become re monetized. I think that it’s probably a good idea to have a small amount as insurance. But being a silver stacker is a dead end sad existence and is most likely not going to make you rich.
You do know silver nearly hit $50 in 2011 right? There are many people who waited for a dip at the time to pull the trigger (me being one of them). I bought silver when it dropped to about $30 (which was 40% off its high), so you would think it was a bargain. Nope. For the past 13 years there has never been an opportunity to sell without taking a loss, let alone for a profit. Silver is a terrible investment. Even copper has performed better than silver.
@@dlyras yes it’s because silver is becoming purely an industrial metal. Look at what happened to platinum. It was being priced like a precious metal of monetary value of a premium to gold. But then it crashed with everything in 2008 and never recovered. Platinum got knocked off its high horse and now is an expensive rare industrial metal. (BTW, platinum is more rare than gold.) I do not expect gold to be demonetized. It’s so much engrained in our culture, in our movies, music, and art as a money. It also looks good and not like anything else.
@@cl5619 100% agree with you. Btw, I own platinum too but it’s an industrial play and speculative, as is silver. Gold is the only precious metal that is still money. How do I know? Because central banks only buy gold (by the tons), and like it or not they are the masters of this current financial system. If they chose wheat (which they won’t for obvious reasons) I would be buying wheat.
Decent advice am sick of the fools with charts silver fine nothing and does only occasionally which means yes hold 4 30 year maybe. At leastur correct. It's due a rise now I guess. Then that's it for 30 year's again.
Thank you. I think some of this stuff is like LARPing about living in Mad Max. The hungry hoards would over run most of us before we took out our 90% silver quarter to barter for a few eggs. But, fear sells.
I went into silver right before it shot up from ~$10 to ~$20/oz, which encouraged me to buy more. Fast forward to today, I'm about at a break even point in total, adjusted for inflation. With gold I'm up ~11% yoy. I agree with the sentiment that if you can't afford gold, you probably should stay away from precious metals.
I personally think it has a good probability to continue to go up. Obviously just my opinion but it definitely depends on when you buy. Buying gold anything under 1/4oz I would probably lose the coin all together. I sometimes find quarter oz selling at 4.5% over spot. Look for deals.
I disagree regarding 1/10th ounce gold coins. They are far more liquid than larger amounts of gold. Have you ever tried selling one ounce of gold vs 1/10th ounce? You will find one sells very quickly and the other doesn’t. Not very helpful if you need to convert your gold to some fiat currency quickly. Simple economics - more people can afford a 1/10th ounce gold coin, so the market is far better. I could buy a I/10th ounce gold coin today and sell it within a week at the same price I bought it. It is the people buying from places like eBay at inflated prices who will lose money.
I think Elon Musk buying a mine will lower the spot price even more. They're getting ready to ramp up production which means the market will be flooded. It's bad for stackers. For collectors it is a boon
Very good video. I wish I had watched this 2 years ago. I'm a collector so I only buy for the fun of putting a collection together. I had hoped my collection might be worth a decent return someday for my kids but this has opened my eyes. Thank you
Take a few coins and try to sell them so you have a real understanding of what they are worth. It may make you more disciplined to not pay too high on premiums in the future.
That is the million dollar question. The retail holders are selling so much silver and gold that the premiums for physical have fallen below spot in many cases, yet the spot price keeps rising. It seems that there is a big buyer out there.
Great video, really like your telling it like it is. 👍👍👍 With the huge amount of gold and silver sales at Costco, I'm thinking Costco stock would be better than buying the gold. I have a bit of gold but look at it more like money under the mattress that hopefully will keep up with inflation for a rainy day, compared with saving cash. Still need some cash if the timing is wrong.
When it comes to silver stacking, I think it's part investing, but also just a hobby. For example, one of the biggest silver channels on youtube is "Silver Dragons," which is largely set in Harry's Coin Shop. Harry always refers to it as "the hobby." So I think many silver collectors just enjoy collecting beautiful pieces, and if they appreciate in value, great. I think silver is also great as a way to have "petty cash" lying around, which will probably maintain its value better than fiat cash. For more serious money, as a solid part of your portfolio, you want gold. To preserve your purchasing power and protect your portfolio--gold. For fun, for the love of the hobby, and maybe for some speculating--silver. All this said -- the future is uncertain. Silver could quadruple in value next year, so who knows! Enjoy the ride.
To me it is more of an insurance policy against the dollar. But I have always like coins and gold and silver. There is something about holding it in your hand.
When I purchased my first silver, I never did it as a replacement for penny stocks or any other get rich scheme. Yes there are some who do that, but I don’t believe thats the norm.
My Dad and I sold near the tops. Dad in 1980, myself in 2011. Don't marry any investment. This program has some important points. He needs to check out the paper vs physical positions. It's gonna get interesting. Buy low and sell high.
@@FinanciallyAware I remember 2013 I paid just over 30 per ounce for a 10 ouncer...It dropped hard in 2014 so I bought more...My very Lowest is a roll of generics at $17.95
Read a article or "research" report on silver in the 1980s or 90s. They say the same stuff as now. www.latimes.com/archives/la-xpm-1987-04-27-fi-966-story.html All the demand from solar panels or cruise missiles or whatever are reflected in the price and it still hasn't kept up with gold. You can state all the reasons why it should be higher, but if the price trend over the years does not reflect that, you have to consider that you are miscalculating demand or there is too much supply.
I don’t know but I bought most of my gold and silver at 11$ an ounce and 950/ 1,100 8 years ago ….gold and it hit 2,270 and 30$ silver so I am ok with that.
Hmmmmm I was looking at silver bc I can use a single coin of it to buy ~$50 worth of groceries in low level trade. Gold is too high of value to use as a regular medium of exchange. Like I’m not dropping $3k per transaction here.
Buy the most metal per dollar. That means larger coins/bars. Don't worry about barter. Do you think the few silver stackers will be the only ones eating while Bill Gates and all of NYC will just stand by starving while you trade your silver coins for food?
You could also buy 1/10 gold ouncers if you don't want to sell full ounces at once. Whatever premiums are lower on. I wouldn't buy anything if premiums were over 15% or so.
@Darin: Are you talking about demand for silver? If so, with 6 billion ounces of silver in above ground inventories how can demand for silver be 50% higher that supply?? CPM group could supply you with 1 million ounces in a week.
The silver market spike in 1980 was not an honest market but a manipulated bubble due to the hunt brothers. The silver spike in 2011 was due to financial problems worldwide and because many expected the JP Morgan would be forced to end its manipulation, having silver trade freely to fair market prices. Prices are often manipulated in our economic system, but things tend to equalize eventually.
@@FinanciallyAware In that case, silver pulled gold up, much like Gold is pulling silver today. I was there in 1980. It was a very fearful time. Interest rates were over 15% and there were gasoline shortages. People were moving to the country to grow gardens and become self sufficient because they did not trust the system, much like today.
Why not make the opposite case? Say one bought silver in 79 for $5.00 AND SOLD IN 80 FOR $50.00 or bought the low in 2009 for about $10.00 and sold in 2011 at $50.00? What would be the comparison to inflation THEN? Of course all stackers buy ONLY at the peaks NOT the pull backs!!!! TOTAL BUNK TO SHOW ONLY THE WORSE CASE SCENARIO !!!!
Amazon fell 90% or more from its peak in 2001 to about $5. How many people do you know who sold Amazon in 2001 and then bought back at $5 in 2002 and held it until now? Human emotion makes us want to buy when it is going up and sell when it is crashing lower. How much silver did you sell at the 2011 peak of $50?
@@FinanciallyAware I sold none at 50 in 2011, the peak in April happened so fast most dealers were not buying, but the price stabilized in the 37 to 41 range from mid July until mid Sept. , I sold some then. I bought back in 2014 at 16.50 and more than doubled my stack. I also bought eagles at 14.00 with 3.00 premium in 2015 and sold them a while back at 21.00 with a 10.00 premium. I have since bought them back at a 3.50 dollar premium and near the same spot price. I increased my stack by about 30%. True investors do not buy on FOMO, that is for get rich quick artists. I learned that lesson 30 years ago. Again, you point out the worst-case scenario of novice investors. True investors know to buy when everyone else is selling and to sell when everyone else is buying. Just like the eagle premiums. I cannot believe the number of people who bought eagles at a 14.00 premium. They were not investors or stackers they were get rich quick artists. Investing in precious metals takes tremendous patience. The reason I like the metals is limited downside risk with inherent intrinsic value. I have multiplied my stack many fold over the years with judicious trades with limited additional investment. With the trades I have made over the years, and increases in stack size, I believe I have more than kept up with inflation.
You're not taking the fact that is silver used in much more due to electronics and new types of solar panels, etc. The available above ground silver is dwindling. This will eventually drive price of silver up. This is not like days when silver demand was very low. The price will not remain stagnant as more and more is required these days.
I used to believe those reports too. Go back 5, 10 20 years and all the silver experts said the same thing in their reports. All of the solar panel demand and dwindling supplies etc, are all built into the price. Make your own decisions and take the reports not as research but as bullion dealer marketing because that is who they get paid by to make positive reports all the time.
We’ve used more silver than we’ve mined the last 3 years so could that mean silver has more potential now to make a move up? I believe it’s the first time that’s ever happened. I’m also new to this bullion thing so I don’t know a whole lot yet but trying to learn as much as I can
Try a Google search for silver predictions by the experts. Pick any random year in the last 20 years or so and you will see they have been making the same predictions with the same arguments forever.
@@FinanciallyAware There's a difference between silver price predictions by "experts" and the hard numbers published by the silver institute. The silver deficit of the past 3 years is a fact and it is set to get larger. Supply for silver is inelastic as it is mined mostly as a by-product.
This is good information 😲👍 Thank you so much! Oh i noticed that t-bill minimum purchase is now 200! Why? What can i do to reinvest my tbills after their 3 months' terms? CDs? Thank you!
Glad it helped. T-bill minimum purchase is not 200, only at the price level you were looking at. If you look at the all the offer prices, you will see some slightly higher with minimums of only 1.
@@FinanciallyAware Thank you! There is a note on the Fidelity website T-Bill table to use the "Depth of Book" to find the lowest minimum. I used that, and I was able to purchase it, but the minimum was still high at 50. I couldn't find anything lower than 50.
what i find interesting with gold & silver coins is their denominated price.. what do you declare when you move overseas? the denominated price or the cost of its weight?... i do remember you did a show moving between Canada & the US ..... & i still find it confusing with a subjective (to me) outcome.
It is considered non monetary so you don't have to declare any amount. But most customs officers have no idea so you run the risk of them confiscating it first and prove your innocence later. That's why you should have the Fincen 105 form filled out if the value is over $10K just in case.
There was a great book published in 1972 called 'How to rob banks without violence' by Roderic Knowles. In it they would buy gold cheap in one country then travel to another country, wearing the gold in special vests, to sell the gold where it's value was high. This was highly illegal at the time, now because of digital markets you could not make money this way. There is a massive money laundering scam currently running in many third world countries where gold is bought and exported from these countries under the pretence that it was mined there which it wasn't. It involves using the privileges of high level dignitaries in these countries to sell gold. I used to understand just how it was done but have since forgotten, it was a very simple money laundering scam when explained, where a percentage of the money laundered goes to the dignitary with a commission to the middle man for the introduction. There are videos about how this is done here on RUclips, it's a fascinating topic.
excellent presentation. Some of the silver podcasters should listen carefully. There is absolutely no defending of silver performance since the pandemic.
I pretty much agree with you. I am a day/swing trader. I love trading the swings in precious metals. Over the last two yrs the trades last from hrs to four days. The stock market is not an investment for precious metals its a trap. Many bagholders. Crypto has stolen the show. There are 100's of them, which people forget as they just think bitcoin only. I quit buying physical silver 5 yrs ago, eagles tubes of 20. When it hits the low 30's I'm selling it all and will make a good profit and will spend it! You are right about stocks. Facebook IPOED at $38 now $458. Thats one hell of a runup. A few like that.
You can't rig physical demand for 40 years. Yes the derivative market exists, but if there were a shortage, it would be reflected in the price.. It's important to note that 800 MILLION ozs of NEWLY mined silver hits the market EVERY YEAR!!
@@nooneimportant779 Oh don't get me wrong, I can definitely forecast new "ALL TIME HIGHS"!!! (But, if that's this month, or two years from now, I don't know. (With fiat printing, all physical things of value go up in price, for sure. Your steak, Gold, silver, Housing... Guns. -The question is whether your choice of hedge will lead or lag. Right now, Silver has lagged worse than .... STEAK!!
@@Nikotromus I've been in a country hit by a massive earth quake, the cash machines and electronic tills do not operate for a few days, so a few ounces of silver in coins is a good back up plan if you are travelling or don't have a stock of essentials and you need to barter for food, fuel, transport or shelter.
@@cunning-stunt - I'll bet 90+% of silver stackers wish they had kept their collection to under 100 ounces for emergency purposes only. That would have been the way to go for sure.
@@Nikotromus It looks cool but takes up too much space. You'd make more money buying and selling safes to store silver than buying and selling silver alone.
With almost 6 billion ounces of silver in above ground inventories I cannot predict how high industrial demand can drive the silver price. But I fear that 99% of private silver stackers will end up holding the bag and finally sell with losses which will make inflation look like nothing in comparison.
The strange thing is that all the coin dealers on YT are saying that they have much more sellers than buyer of gold and silver and the premiums are crashing while the spot price is going higher.
Never really thought that video games could be conditioning people to buy crypto, but after thinking about it that does make sense. Could cause a crypto bubble, or could cause crypto to stick around too…
So what we are basically getting from the incredible rise in gold prices is a way-too-high silver-to-gold ratio, now about 85 to 1. If the ratio was more reasonable, like 70 to 1, then sliver would be about $32 per ounce. Monday early April 1st silver prices are yet again falling. I do think that silver prices will increase substantially within one year so now is a great time to continue stacking. A roll of 20 silver Eagles from the US mint is about $600 US and we do not have VAT or sales tax and shipping to your door is free. Buy some while you still can at this low price.
Add me to the camp of wishing I had just stacked 500oz of silver and call it a day. My net worth would have been so much higher had I just put it in stupid s&p 500 index fund and not incur all the additional fees/headaches of storing and moving the damn stack. I saw silver rise from $15 to $50 and didn't sell any believing pundits calling for $100 silver. I still believe there will be some global debt crisis but I'm far from certain that people will flock to silver. If we get close to $50 this year or next, I'll be selling up to half my stack.
You can never be certain what will perform well and what won't so don't put all your money into any one thing. Also, the pundits never say "it reached as high as it will go and you should sell". They always keep predicting higher prices.
It is strange that the silver squeeze hardly moved prices, but premiums skyrocketed. Now we have the opposite, prices are moving up but everyone is selling and causing the premiums to crash.
@@FinanciallyAware Yeah, and you don't get premiums back when you sell to dealers, that's for sure. Too many silver investors get caught up in the whole aesthetic of coins. Bars provide far better value for money, and I wish I only bought bars instead of coins back in 21. I sold 5 silver bars (1 kilo) for a pretty tidy profit yesterday, but I'm still underwater for most of my coins due to the high premiums of that time.
We need more this in the silver community. Edit: that said, if i had listened to the harsh criticisms of Bitcoin during the period that i was buying, i would have regretted it. Not everyone purchases these "products" as a "lottery ticket" or "get rich quick scheme". Bitcoin and silver could both still go to zero, don't get me wrong, but i think there's something to be said for acting in accordance to one's principles.
Gold and silver have been terrible over a 50-year period, but we haven't been on the precipice of all out war in 85 years....until now. We haven't been in such debt on a country, continental and individual basis in the west....until now. I've been in both for the last decade, and like with my women, I never marry a position. I bought a good chunk of physical along with an even bigger chunk online (not a trading platform), I sold the online holdings at a huge profit..and averaged in my silver at less than $0, and gold at $350. I don't see my physical as a 'position', I sleep like a log at night, I'm keeping them. There's a time for everything.
I see a lot of people claim they bought the absolute bottom in silver, but I have never seen anyone claim to have an average price of less than $0. Did somebody pay you to take their silver off their hands? 😄
Considering the US had global hegemony until our days its not surprising that the value of silver and gold held relatively stable in USD. Had you held roubles, lira or some smaller currency that doesn't like to play ball with the US power then their currency would be obliterated. Not to mention that it has been US policy to supress the want for precious metals and into their currency, so they may spend indefinitely. That time will come to an end my friend and so will we see the spike in price
@@FinanciallyAware I agree, can't say that you've been wrong looking at the charts and I don't think your critique comes from a bad point. Stocks are sexy until they are not, same with cryptos and the dollar. Metals will have their day again and frankly, they begin to look quite hot at the moment
@@Андрей-б4э8г I don't believe in crypto, but stocks, gold, and real estate have done much better than silver. I would love to see metals have their day again. In the mean time I don't know what will happen so I want to own some of everything. But if silver has a run and gets new investors excited to buy it, I will sell or swap out to gold probably.
@@FinanciallyAware Don't believe in cryptos either and probably never really will. As it fails as a store of value outside speculation and usage is only for those and gambling degenerates. Switching silver for gold seems fair enough, but I'd like to exchange for other items if possible too
Yes, literally. So was the Marilyn Monroe movie "Diamonds Are A Girl's Best Friend". Their advertising firm N.W. Ayers also came up with the idea that a man has to spend 3 months salary on a diamond engagement ring. Read this: archive.is/VdR8C
Some parts of this video are useful (e.g. premiums). But some parts of this video are completely misleading. For instance there is no analysis made regarding the current inflated cost of silver mining. I like to buy things at or below cost.
This is laughable. Establishing the 1980 "value" of silver during an aberrant, momentary $50 spike. No question the silver price is manipulated with illegal derivatives spoofing. However, this manipulation can only continue under relatively stable economic conditions. When the inevitable dollar crash occurs, there will be a rush to assets of tangible value, as there always is in such times. What is your homeowner's insurance worth if your house never catches fire?
You can say the 1980 spike was aberrant because of the Hunt brothers, but then does the gold spike to $800 in 1980 not count either? I really only care about what gold and silver has done while I have owned it compared to inflation and stocks and real estate.
Excellent objective presentation. You made great points but did not address the single reason that explains WHY silver hasn't gone up since 1980. Manipulation and price suppression. If you don't believe it exisits then your argument would be valid. There is absolutely no doubt the price of silver has been suppressed. It will end. Supply and demand guarantees it. We don't know when but it will go up to new AT highs.
You can't rig physical demand for 40 years. Yes the derivative market exists, but if there were a shortage, it would be reflected in the price.. It's important to note that 800 MILLION ozs of NEWLY mined silver hits the market EVERY YEAR!!
The most important thing is to get your money out of banks and stocks at this stage. Things are about to hit the fan in a big way and the banks can no longer keep printing more money to get out of trouble. Protect what you have and get your money into gold and silver NOW. For me it's a case of how much the price of these are going to go up, not if.
If I had a nickel for every "research report" that has said that over the last 20 years I would be rich and would just throw my silver in the garbage. 😂 The people saying that are the same people willing to sell their silver to you. Take people's predictions with a grain of salt especially if they have something to gain from it.
I hold it because I bought it years ago believing it will run up again or at least keep up with inflation. I no longer believe that, but I still hold to wait for a better time to swap it for gold.
People are presented with The Truth and The Lie. People are not interested in The Truth. People Want to Hear what They Want to Hear. People want to Hear what They Want to Support.
If I had been buying silver since the 80s….I’d be pessimistic too. I personally think the future is bright for gold and silver
Not only educational video but entertaining as well!!
Like the honesty many people needs a reality check!
My take away from this is silver is sucks and gold is less suck..
He is a wise man!!
Silver always lags Gold, I'd say now is probably a good time to get back in.
I look at silver as a hedge that gold may drop and silver increase lowering the G to S ratio, then I convert my silver to gold.
Hopefully we see a ratio around 60 ounces of silver to buy an ounce of gold.
I don't buy silver coins I buy bars but I do have some coins for if there is a monetary collapse, another hedge.
@@cunning-stunt I'm only looking to trade the Silver index tbh.
you earned my subscribe with this down to earth realistic video!
Thank you.
You are correct. This is just common sense which isn’t really very common.
Silver has proven that it is not keeping up with inflation for at least the last 10 years or so. So what do we do now?
Good reminder. As Jim Rogers mentioned. Buy low sell high.
170 years of silver rigging about to end soon
What evidence is there that silver price is highly manipulated and it’s current price is is suppressed significantly because of it?
I’ve been hearing about it for over 20 years. But I now I suspect that this is bullshit pushed by frustrated stackers as a cope.
You can't rig physical demand for 40 years. Yes the derivative market exists, but if there were a shortage, it would be reflected in the price.. It's important to note that 800 MILLION ozs of NEWLY mined silver hits the market EVERY YEAR!!
@@cl5619 Seriously?You're unaware of the CFTC actions against JP Morgan for their criminal manipulations?The fines imposed,even though enormous,were only token compared to their ill gotten massive gains.Merely "slap on the hands" from corrupt government regulatory agency.
@@mattfinleylive yes. If silver price was manipulated (naked short selling) to a suppressed price, that should suppress mining activity and the rate of new supply. That should bring about a shortage for industrial use.
My theory is that silver has its legacy of monetary value depreciating as time goes on. It’s really only the boomers who grew up with the concept of silver as money. Their population is dwindling, and the young population doesn’t have any silver money conception. I don’t expect this to change unless we had some extreme hyper inflationary scenario. And even then we could have cryptos that can take much of the place of money that silver would otherwise fulfill.
@@cl5619jpmorgan was fined a billion dollars in 2020. It wasnt the only time.
My coworker says to me SILVER NEVER GOES ANYWHERE. Since he said that I have made a lot of money trading the Sprot Physical Silver ETF., PSLV. The Canadian ETF regularly trades between $10 and $11.25. About every 6 weeks Silver goes through a cycle. The silver market is highly manipulated in my opinion.
And largely ignored by our corrupt regulatory agencies
@@junktex Who do you think is doing the manipulation?
I trade it all the time as well but I do buy the physical as well. Currently up 24% on silver and similar with gold I believe with the sprott etf. I especially like doing it with my Roth IRA.
I like PSLV but for frequent trading purposes I would stick with SLV so you don't need to worry about the premium of a close-ended fund and it also offers more liquidity.
measuring silver/gold from the peaks of the blow off tops is disingenuous.
I agree!!! Why not make the opposite case? Say one bought silver in 79 for $5.00 AND SOLD IN 80 FOR $50.00 or bought the low in 2009 for about $10.00 and sold in 2011 at $50.00? What would be the comparison to inflation THEN?
Of course all stackers buy at the peaks NOT the pull backs!!!! TOTAL BUNK!!!!
The gold peak of the early 80s was the result of future expectations regarding high inflation, so that was baked into the price. When double digit interest rates killed inflation and therefore gold, the price dropped like a rock, but it needs to be understood in context.
No doubt many investors got burned during that frenzy, but only annual averages are somewhat reliable measures, not peaks.
@@lamentate07many get burned on all sorts of investments. I buy gold and silver along with all sorts of other investments some do well some are terrible. I like the fact that I actually hold the metal. The past history of an investment doesn’t mean it will continue to go that direction.
I appreciate your neutral honesty
Really I'm not neutral because I own silver and gold. I'm just trying to be objective based on what silver and gold has done vs inflation.
Thanks Nick! Happy Easter
Happy Easter Ryan!!!!
Brave of you to make a video going against the YT silver stacker community.
Have had the same opinion as you for some time and agree 100% with every point made.
Much appreciated
If silver does not move in the next 5 years - then yes, dump it!
No, silver is a lost cause. Very lost!!
I agree.
All good stuff, but the problem people make is comparing the 1980's and 2010 highs with inflation. It's if you bought around the average price, or were lucky enough to buy at the lows, that it makes sense. If you bought silver at $50 in the 80's or around 2010, you were a sucker. If you would've bought around $5 in 2005, you're doing well; but if you bought around $5 in the 80's, silver should be around $30 today to make it a good investment.
Yes, not everyone bought at the highs. But if silver kept up with inflation, it should be a lot higher than where it is now.
What about the uses of silver. To many to mention.
I did a breakdown of the yearly demand from the 2024 Silver Report.
ruclips.net/video/SkLdnDaNV7Q/видео.html
I stack physical Silver but regret it..takes up too much space compared to Gold or Platinum. ...buy paper silver own physical Gold.
That is actually pretty good advice. I've never heard that before.
Hi, do you intend to ever use the silver as a medium of exchange?
The mentioning of high price increases for precious metals is not a reflexion of the metal but the dilution of the currency
I witnessed the silver gold run up in price in the 70s and culminating in 1980. What drove that pricing was the conviction of the public that inflation would continue, that silver "would go to the moon".
I started buying precious metals in 2003 because the prices were so low that you could leave a gold coin on your dash in a public parking space and no one steal it.
I will hold the PM until the gold/silver ratio goes from current 90:1 to 15:1 at which point I will trade my silver for gold. Then when one ounce of gold equals the DOW 30 I will sell gold and buy real estate.
That's my plan.
I used to think I would trade my silver for gold at 16/1. These days I think I would be happy to trade at maybe 70/1.
I love this guy's honesty. You can't find that any more.
Constitutional silver is still cheap if you want to buy coins.
Finally someone talking reality about sliver. I've had some for 4 years and I wished I didn't.
Same. I wish I had bought etfs or sigle stock.
I think it is refreshing to see a more conservative conversation around Au and Ag than Au to the moon in 2 years buy as much as you can now. Thank you
Saying silver has decreased from $50 to $25 is an argument not to have bought in 1980 but not a strong one not to buy it now. Just because it hasn't kept up with inflation does not mean it won't catch up. When the dollar and bond market collapse, people will seek to transition their dollars into anything that can hold value - silver and other commodities are an obvious choice.
It's also possible to pay low premiums for fractional gold (e.g. old 20 Franc coins) or 1oz silver coins or rounds if you find a good deal.
You shouldn't get much hostility for this video. It's an honest take and investors should always be open to listening to alternative takes, especially if they're bearish when you're bullish.
Silver has a shrinking monetary value (a deflationary premium). If it had no monetary value, it would be like copper, an industrial metal that is priced lower than it is today. And then when inflation hits the commodity sector, we would see silver’s price inflate.
It’s only in a hyperinflationary scenario that we would see silver become re monetized. I think that it’s probably a good idea to have a small amount as insurance.
But being a silver stacker is a dead end sad existence and is most likely not going to make you rich.
You do know silver nearly hit $50 in 2011 right?
There are many people who waited for a dip at the time to pull the trigger (me being one of them). I bought silver when it dropped to about $30 (which was 40% off its high), so you would think it was a bargain. Nope. For the past 13 years there has never been an opportunity to sell without taking a loss, let alone for a profit. Silver is a terrible investment.
Even copper has performed better than silver.
@@dlyras yes it’s because silver is becoming purely an industrial metal.
Look at what happened to platinum. It was being priced like a precious metal of monetary value of a premium to gold. But then it crashed with everything in 2008 and never recovered. Platinum got knocked off its high horse and now is an expensive rare industrial metal. (BTW, platinum is more rare than gold.)
I do not expect gold to be demonetized. It’s so much engrained in our culture, in our movies, music, and art as a money. It also looks good and not like anything else.
@@cl5619 100% agree with you. Btw, I own platinum too but it’s an industrial play and speculative, as is silver. Gold is the only precious metal that is still money. How do I know? Because central banks only buy gold (by the tons), and like it or not they are the masters of this current financial system. If they chose wheat (which they won’t for obvious reasons) I would be buying wheat.
@@dlyras same idea applies as in my comment. Silver was a bad buy at 30 in 2011. That doesn't mean it's a bad buy now.
Good one...thanks for the detailed video..
I'm glad you liked it.
Decent advice am sick of the fools with charts silver fine nothing and does only occasionally which means yes hold 4 30 year maybe. At leastur correct. It's due a rise now I guess. Then that's it for 30 year's again.
Yes. I don't think I have another 30 years to wait.
You are spot on sir. These bullion dealers on utube are spouting rubbish all day. Crypto col
You have to take their predictions with a grain of salt. They will never say "now is not a good time to buy silver".
"it's always darkest before the dawn"
True
Subscribed because of your incredibly logical take - breath of fresh air when compared to all the other FOMO/Prepping for the zombie apocalypse videos
Thank you. I think some of this stuff is like LARPing about living in Mad Max. The hungry hoards would over run most of us before we took out our 90% silver quarter to barter for a few eggs. But, fear sells.
I went into silver right before it shot up from ~$10 to ~$20/oz, which encouraged me to buy more.
Fast forward to today, I'm about at a break even point in total, adjusted for inflation. With gold I'm up ~11% yoy. I agree with the sentiment that if you can't afford gold, you probably should stay away from precious metals.
Yes, it is not exciting or a get rich quick scheme like many people try to get you to believe.
I personally think it has a good probability to continue to go up. Obviously just my opinion but it definitely depends on when you buy. Buying gold anything under 1/4oz I would probably lose the coin all together. I sometimes find quarter oz selling at 4.5% over spot. Look for deals.
I love what happened to the price of Silver right after this video, up over 5% in a day. Keep up the good work.
If I would have known that silver would go up just by making a video saying it was a bad investment, I would have done this a long time ago. 😂
I disagree regarding 1/10th ounce gold coins. They are far more liquid than larger amounts of gold. Have you ever tried selling one ounce of gold vs 1/10th ounce? You will find one sells very quickly and the other doesn’t. Not very helpful if you need to convert your gold to some fiat currency quickly. Simple economics - more people can afford a 1/10th ounce gold coin, so the market is far better. I could buy a I/10th ounce gold coin today and sell it within a week at the same price I bought it. It is the people buying from places like eBay at inflated prices who will lose money.
I think Elon Musk buying a mine will lower the spot price even more. They're getting ready to ramp up production which means the market will be flooded. It's bad for stackers. For collectors it is a boon
Very good video. I wish I had watched this 2 years ago. I'm a collector so I only buy for the fun of putting a collection together. I had hoped my collection might be worth a decent return someday for my kids but this has opened my eyes. Thank you
Take a few coins and try to sell them so you have a real understanding of what they are worth. It may make you more disciplined to not pay too high on premiums in the future.
Serious question…
Now that silver is going up a little-why are the dealers cutting the % buy back premiums?
That is the million dollar question. The retail holders are selling so much silver and gold that the premiums for physical have fallen below spot in many cases, yet the spot price keeps rising. It seems that there is a big buyer out there.
Great video, really like your telling it like it is. 👍👍👍 With the huge amount of gold and silver sales at Costco, I'm thinking Costco stock would be better than buying the gold. I have a bit of gold but look at it more like money under the mattress that hopefully will keep up with inflation for a rainy day, compared with saving cash. Still need some cash if the timing is wrong.
When it comes to silver stacking, I think it's part investing, but also just a hobby. For example, one of the biggest silver channels on youtube is "Silver Dragons," which is largely set in Harry's Coin Shop. Harry always refers to it as "the hobby." So I think many silver collectors just enjoy collecting beautiful pieces, and if they appreciate in value, great. I think silver is also great as a way to have "petty cash" lying around, which will probably maintain its value better than fiat cash. For more serious money, as a solid part of your portfolio, you want gold. To preserve your purchasing power and protect your portfolio--gold. For fun, for the love of the hobby, and maybe for some speculating--silver.
All this said -- the future is uncertain. Silver could quadruple in value next year, so who knows! Enjoy the ride.
To me it is more of an insurance policy against the dollar. But I have always like coins and gold and silver. There is something about holding it in your hand.
When I purchased my first silver, I never did it as a replacement for penny stocks or any other get rich scheme. Yes there are some who do that, but I don’t believe thats the norm.
My Dad and I sold near the tops. Dad in 1980, myself in 2011. Don't marry any investment. This program has some important points. He needs to check out the paper vs physical positions.
It's gonna get interesting. Buy low and sell high.
Let me know when your son starts selling silver. 😂
Fantastic video! Keep up the good work! and don’t worry about the silver cartel influencers…hopefully one day people will see thru their facade.
My two price targets for silver. I will sell it all at 30 and add at 23 and under
I think a lot of new silver investors paid $30 or less, so there is probably a lot of sellers at that level.
@@FinanciallyAware I remember 2013 I paid just over 30 per ounce for a 10 ouncer...It dropped hard in 2014 so I bought more...My very Lowest is a roll of generics at $17.95
How many solar panels were being built in the 1980’s? How much was a barrel of oil worth in 1900? What was it worth 40 years later?
Read a article or "research" report on silver in the 1980s or 90s. They say the same stuff as now.
www.latimes.com/archives/la-xpm-1987-04-27-fi-966-story.html
All the demand from solar panels or cruise missiles or whatever are reflected in the price and it still hasn't kept up with gold. You can state all the reasons why it should be higher, but if the price trend over the years does not reflect that, you have to consider that you are miscalculating demand or there is too much supply.
I don’t know but I bought most of my gold and silver at 11$ an ounce and 950/ 1,100 8 years ago ….gold and it hit 2,270 and 30$ silver so I am ok with that.
You are doing well.
Hmmmmm I was looking at silver bc I can use a single coin of it to buy ~$50 worth of groceries in low level trade. Gold is too high of value to use as a regular medium of exchange. Like I’m not dropping $3k per transaction here.
Buy the most metal per dollar. That means larger coins/bars. Don't worry about barter. Do you think the few silver stackers will be the only ones eating while Bill Gates and all of NYC will just stand by starving while you trade your silver coins for food?
You could also buy 1/10 gold ouncers if you don't want to sell full ounces at once. Whatever premiums are lower on. I wouldn't buy anything if premiums were over 15% or so.
demand is 50% higher than supply. if this confuses you, keep buying gold
@Darin: Are you talking about demand for silver? If so, with 6 billion ounces of silver in above ground inventories how can demand for silver be 50% higher that supply?? CPM group could supply you with 1 million ounces in a week.
The silver market spike in 1980 was not an honest market but a manipulated bubble due to the hunt brothers. The silver spike in 2011 was due to financial problems worldwide and because many expected the JP Morgan would be forced to end its manipulation, having silver trade freely to fair market prices. Prices are often manipulated in our economic system, but things tend to equalize eventually.
in 1980 gold went to $800 without the Hunt brothers.
@@FinanciallyAware In that case, silver pulled gold up, much like Gold is pulling silver today. I was there in 1980. It was a very fearful time. Interest rates were over 15% and there were gasoline shortages. People were moving to the country to grow gardens and become self sufficient because they did not trust the system, much like today.
Why not make the opposite case?
Say one bought silver in 79 for $5.00 AND SOLD IN 80 FOR $50.00 or bought the low in 2009 for about $10.00 and sold in 2011 at $50.00? What would be the comparison to inflation THEN?
Of course all stackers buy ONLY at the peaks NOT the pull backs!!!!
TOTAL BUNK TO SHOW ONLY THE WORSE CASE SCENARIO !!!!
yes you are right
If you look at the total average from start to now...averaging in those wild peaks, it still has performed poorly.
Amazon fell 90% or more from its peak in 2001 to about $5. How many people do you know who sold Amazon in 2001 and then bought back at $5 in 2002 and held it until now? Human emotion makes us want to buy when it is going up and sell when it is crashing lower.
How much silver did you sell at the 2011 peak of $50?
@@FinanciallyAware I sold none at 50 in 2011, the peak in April happened so fast most dealers were not buying, but the price stabilized in the 37 to 41 range from mid July until mid Sept. , I sold some then. I bought back in 2014 at 16.50 and more than doubled my stack.
I also bought eagles at 14.00 with 3.00 premium in 2015 and sold them a while back at 21.00 with a 10.00 premium. I have since bought them back at a 3.50 dollar premium and near the same spot price. I increased my stack by about 30%.
True investors do not buy on FOMO, that is for get rich quick artists. I learned that lesson 30 years ago. Again, you point out the worst-case scenario of novice investors. True investors know to buy when everyone else is selling and to sell when everyone else is buying. Just like the eagle premiums. I cannot believe the number of people who bought eagles at a 14.00 premium. They were not investors or stackers they were get rich quick artists.
Investing in precious metals takes tremendous patience. The reason I like the metals is limited downside risk with inherent intrinsic value.
I have multiplied my stack many fold over the years with judicious trades with limited additional investment.
With the trades I have made over the years, and increases in stack size, I believe I have more than kept up with inflation.
Stackers need to be honest but they wont...you give it straight...new sub. Thanks
Much appreciated
You're not taking the fact that is silver used in much more due to electronics and new types of solar panels, etc. The available above ground silver is dwindling. This will eventually drive price of silver up. This is not like days when silver demand was very low. The price will not remain stagnant as more and more is required these days.
I used to believe those reports too. Go back 5, 10 20 years and all the silver experts said the same thing in their reports. All of the solar panel demand and dwindling supplies etc, are all built into the price. Make your own decisions and take the reports not as research but as bullion dealer marketing because that is who they get paid by to make positive reports all the time.
We’ve used more silver than we’ve mined the last 3 years so could that mean silver has more potential now to make a move up? I believe it’s the first time that’s ever happened. I’m also new to this bullion thing so I don’t know a whole lot yet but trying to learn as much as I can
Try a Google search for silver predictions by the experts. Pick any random year in the last 20 years or so and you will see they have been making the same predictions with the same arguments forever.
@@FinanciallyAware There's a difference between silver price predictions by "experts" and the hard numbers published by the silver institute. The silver deficit of the past 3 years is a fact and it is set to get larger. Supply for silver is inelastic as it is mined mostly as a by-product.
This is good information 😲👍
Thank you so much!
Oh i noticed that t-bill minimum purchase is now 200! Why? What can i do to reinvest my tbills after their 3 months' terms? CDs?
Thank you!
Glad it helped. T-bill minimum purchase is not 200, only at the price level you were looking at. If you look at the all the offer prices, you will see some slightly higher with minimums of only 1.
@@FinanciallyAware Thank you! There is a note on the Fidelity website T-Bill table to use the "Depth of Book" to find the lowest minimum. I used that, and I was able to purchase it, but the minimum was still high at 50. I couldn't find anything lower than 50.
I think that you made absolute sense.
I'm glad you found it helpful.
Appricate your honesty.
Take care,
Thank you.
what i find interesting with gold & silver coins is their denominated price.. what do you declare when you move overseas? the denominated price or the cost of its weight?... i do remember you did a show moving between Canada & the US ..... & i still find it confusing with a subjective (to me) outcome.
It is considered non monetary so you don't have to declare any amount. But most customs officers have no idea so you run the risk of them confiscating it first and prove your innocence later. That's why you should have the Fincen 105 form filled out if the value is over $10K just in case.
There was a great book published in 1972 called 'How to rob banks without violence' by Roderic Knowles.
In it they would buy gold cheap in one country then travel to another country, wearing the gold in special vests, to sell the gold where it's value was high. This was highly illegal at the time, now because of digital markets you could not make money this way.
There is a massive money laundering scam currently running in many third world countries where gold is bought and exported from these countries under the pretence that it was mined there which it wasn't. It involves using the privileges of high level dignitaries in these countries to sell gold. I used to understand just how it was done but have since forgotten, it was a very simple money laundering scam when explained, where a percentage of the money laundered goes to the dignitary with a commission to the middle man for the introduction.
There are videos about how this is done here on RUclips, it's a fascinating topic.
excellent presentation. Some of the silver podcasters should listen carefully.
There is absolutely no defending of silver performance since the pandemic.
Isn’t the price of gold and silver affected because they keep finding more of it all the time? Supply and demand?
True. Some metal gets used up and not recovered.
I pretty much agree with you. I am a day/swing trader. I love trading the swings in precious metals. Over the last two yrs the trades last from hrs to four days. The stock market is not an investment for precious metals its a trap. Many bagholders. Crypto has stolen the show. There are 100's of them, which people forget as they just think bitcoin only. I quit buying physical silver 5 yrs ago, eagles tubes of 20. When it hits the low 30's I'm selling it all and will make a good profit and will spend it! You are right about stocks. Facebook IPOED at $38 now $458. Thats one hell of a runup. A few like that.
You can't rig physical demand for 40 years. Yes the derivative market exists, but if there were a shortage, it would be reflected in the price.. It's important to note that 800 MILLION ozs of NEWLY mined silver hits the market EVERY YEAR!!
Truth! And much of the mined silver is actually a bi-product when mining for base metals. Silver is not scarce!
@@Jan-m5c2r -And the derivative market meets *most* of the investment demand (institutional investment is not me and you buying ozs per year..)...
@@nooneimportant779 Oh don't get me wrong, I can definitely forecast new "ALL TIME HIGHS"!!! (But, if that's this month, or two years from now, I don't know. (With fiat printing, all physical things of value go up in price, for sure. Your steak, Gold, silver, Housing... Guns. -The question is whether your choice of hedge will lead or lag. Right now, Silver has lagged worse than .... STEAK!!
Great perspective from you!
Glad you enjoyed it!
I bought silver not as an investment, but for barter when SHTF.
which never happens.
@@Nikotromus I've been in a country hit by a massive earth quake, the cash machines and electronic tills do not operate for a few days, so a few ounces of silver in coins is a good back up plan if you are travelling or don't have a stock of essentials and you need to barter for food, fuel, transport or shelter.
That's a fair argument, but it would likely be a transitory "Weimar" sitch, not a Cormac McCarthy "The Road" sitch. (-Although it's possible.)
@@cunning-stunt - I'll bet 90+% of silver stackers wish they had kept their collection to under 100 ounces for emergency purposes only. That would have been the way to go for sure.
@@Nikotromus It looks cool but takes up too much space. You'd make more money buying and selling safes to store silver than buying and selling silver alone.
Silver prices tends to follow copper prices. Gold prices runs inverse to the USD and LT interest rates.
Always look foreword to your unbiased and intelligent insights. Keep en coming.
With almost 6 billion ounces of silver in above ground inventories I cannot predict how high industrial demand can drive the silver price. But I fear that 99% of private silver stackers will end up holding the bag and finally sell with losses which will make inflation look like nothing in comparison.
The strange thing is that all the coin dealers on YT are saying that they have much more sellers than buyer of gold and silver and the premiums are crashing while the spot price is going higher.
Never really thought that video games could be conditioning people to buy crypto, but after thinking about it that does make sense. Could cause a crypto bubble, or could cause crypto to stick around too…
I hate you your so right
That makes two of us. I would love to believe that $200 silver is right around the corner but its price during this inflation says otherwise.
So what we are basically getting from the incredible rise in gold prices is a way-too-high silver-to-gold ratio, now about 85 to 1. If the ratio was more reasonable, like 70 to 1, then sliver would be about $32 per ounce. Monday early April 1st silver prices are yet again falling. I do think that silver prices will increase substantially within one year so now is a great time to continue stacking. A roll of 20 silver Eagles from the US mint is about $600 US and we do not have VAT or sales tax and shipping to your door is free. Buy some while you still can at this low price.
Add me to the camp of wishing I had just stacked 500oz of silver and call it a day. My net worth would have been so much higher had I just put it in stupid s&p 500 index fund and not incur all the additional fees/headaches of storing and moving the damn stack. I saw silver rise from $15 to $50 and didn't sell any believing pundits calling for $100 silver. I still believe there will be some global debt crisis but I'm far from certain that people will flock to silver. If we get close to $50 this year or next, I'll be selling up to half my stack.
You can never be certain what will perform well and what won't so don't put all your money into any one thing. Also, the pundits never say "it reached as high as it will go and you should sell". They always keep predicting higher prices.
My biggest regret is buying silver in 21 during the 'silver squeeze' hype. Wish I bought another 5-6 ounces of gold instead.
It is strange that the silver squeeze hardly moved prices, but premiums skyrocketed. Now we have the opposite, prices are moving up but everyone is selling and causing the premiums to crash.
@@FinanciallyAware Yeah, and you don't get premiums back when you sell to dealers, that's for sure.
Too many silver investors get caught up in the whole aesthetic of coins. Bars provide far better value for money, and I wish I only bought bars instead of coins back in 21.
I sold 5 silver bars (1 kilo) for a pretty tidy profit yesterday, but I'm still underwater for most of my coins due to the high premiums of that time.
If you have bought Leman brother. Inflation adjusted. $0.
Don't worry if you bought Lehman Brothers stock. It is not a loss until you sell. Just wait for the price to come back eventually. 😂
Why not run the numbers for the lows as well as highs for a good comparison. Most smart investors don't buy at ATHs
We need more this in the silver community.
Edit: that said, if i had listened to the harsh criticisms of Bitcoin during the period that i was buying, i would have regretted it. Not everyone purchases these "products" as a "lottery ticket" or "get rich quick scheme". Bitcoin and silver could both still go to zero, don't get me wrong, but i think there's something to be said for acting in accordance to one's principles.
What about copper ?
It is like $4 a pound so only $1000 is 250 pounds of copper. You have to have a huge garage to store a few thousand worth. Not worth the trouble.
Silver stacking seems like a lost cause.
Nice to see you posting a video as I enjoy your videos. Crypto col
I'm glad you liked it.
Don’t waste your time with your silver, gold, or bitcoin is the only thing I have time for now🙌🏼
I'm not a believer.
I was buying siver when it was 5$ an ounce, sold it not believing in it , no one really knows but god where its going.
Yes, no one knows for sure.
Gold and silver have been terrible over a 50-year period, but we haven't been on the precipice of all out war in 85 years....until now. We haven't been in such debt on a country, continental and individual basis in the west....until now. I've been in both for the last decade, and like with my women, I never marry a position. I bought a good chunk of physical along with an even bigger chunk online (not a trading platform), I sold the online holdings at a huge profit..and averaged in my silver at less than $0, and gold at $350. I don't see my physical as a 'position', I sleep like a log at night, I'm keeping them. There's a time for everything.
I see a lot of people claim they bought the absolute bottom in silver, but I have never seen anyone claim to have an average price of less than $0. Did somebody pay you to take their silver off their hands? 😄
Great job
I wish that the Hunt Brothers would’ve succeeded in whatever they were doing with silver without the SEC stepping in.
Yeah, they changed the rules on them.
@@FinanciallyAware Yes. Ex-post facto law.
Considering the US had global hegemony until our days its not surprising that the value of silver and gold held relatively stable in USD. Had you held roubles, lira or some smaller currency that doesn't like to play ball with the US power then their currency would be obliterated. Not to mention that it has been US policy to supress the want for precious metals and into their currency, so they may spend indefinitely. That time will come to an end my friend and so will we see the spike in price
I agree, but all those things have been going on for many years. In that time, stocks have done much better.
@@FinanciallyAware I agree, can't say that you've been wrong looking at the charts and I don't think your critique comes from a bad point. Stocks are sexy until they are not, same with cryptos and the dollar. Metals will have their day again and frankly, they begin to look quite hot at the moment
@@Андрей-б4э8г I don't believe in crypto, but stocks, gold, and real estate have done much better than silver. I would love to see metals have their day again. In the mean time I don't know what will happen so I want to own some of everything. But if silver has a run and gets new investors excited to buy it, I will sell or swap out to gold probably.
@@FinanciallyAware Don't believe in cryptos either and probably never really will. As it fails as a store of value outside speculation and usage is only for those and gambling degenerates. Switching silver for gold seems fair enough, but I'd like to exchange for other items if possible too
20$ gold coin back in the day bought you a nice suit 20$ bill today buys you nothing. The coin still does though.
You can barely get a Big Mac meal with $20 these days.
@@FinanciallyAware 😂😂 truth
So, the James Bond movie "Diamonds are forever" was a DeBeers commercial? 🤔
Yes, literally. So was the Marilyn Monroe movie "Diamonds Are A Girl's Best Friend". Their advertising firm N.W. Ayers also came up with the idea that a man has to spend 3 months salary on a diamond engagement ring.
Read this: archive.is/VdR8C
@@FinanciallyAware Thank you for this. It sounds just like what Edward Bernays did with the tobacco industry.
Great upload.
Good video.
Glad you enjoyed it
Some parts of this video are useful (e.g. premiums). But some parts of this video are completely misleading. For instance there is no analysis made regarding the current inflated cost of silver mining. I like to buy things at or below cost.
You’re very smart
Thank you, but I don't feel to smart for holding silver through the 2011 run up without selling any.
Good advice
This is laughable. Establishing the 1980 "value" of silver during an aberrant, momentary $50 spike. No question the silver price is manipulated with illegal derivatives spoofing. However, this manipulation can only continue under relatively stable economic conditions. When the inevitable dollar crash occurs, there will be a rush to assets of tangible value, as there always is in such times. What is your homeowner's insurance worth if your house never catches fire?
You can say the 1980 spike was aberrant because of the Hunt brothers, but then does the gold spike to $800 in 1980 not count either?
I really only care about what gold and silver has done while I have owned it compared to inflation and stocks and real estate.
silver will be $15 an ounce in 2035
Unfortunately, your prediction may be closer than all those people that saying silver is going to $200 "any day now".
Excellent objective presentation. You made great points but did not address the single reason that explains WHY silver hasn't gone up since 1980. Manipulation and price suppression. If you don't believe it exisits then your argument would be valid. There is absolutely no doubt the price of silver has been suppressed. It will end. Supply and demand guarantees it. We don't know when but it will go up to new AT highs.
You can't rig physical demand for 40 years. Yes the derivative market exists, but if there were a shortage, it would be reflected in the price.. It's important to note that 800 MILLION ozs of NEWLY mined silver hits the market EVERY YEAR!!
ty
No mention of Silver Certificate's? Your Videos are really Terrific!!!
Precious metals is for travel and currency collapses.
The most important thing is to get your money out of banks and stocks at this stage. Things are about to hit the fan in a big way and the banks can no longer keep printing more money to get out of trouble. Protect what you have and get your money into gold and silver NOW. For me it's a case of how much the price of these are going to go up, not if.
Sure.
Banks don't print money ... the government does.
@@rickmcgowan6725Check and see if the bills in you pocket say "Federal Reserve Note" on them.
A lot of people got "F" with Rhodium and Palladium this Year!
If it gets to $30 I'm definitely selling everything.
There are a lot of people thinking the same thing.
Silver is about to explode.
If I had a nickel for every "research report" that has said that over the last 20 years I would be rich and would just throw my silver in the garbage. 😂
The people saying that are the same people willing to sell their silver to you. Take people's predictions with a grain of salt especially if they have something to gain from it.
SO WHY DO YOU STILL HOLD SILVER???
I hold it because I bought it years ago believing it will run up again or at least keep up with inflation. I no longer believe that, but I still hold to wait for a better time to swap it for gold.
silver over 26 right now
I'm mildly optimistic on that, but silver makes me feel like Charlie Brown trying to kick the football with Lucy.
People are presented with The Truth and The Lie. People are not interested in The Truth. People Want to Hear what They Want to Hear. People want to Hear what They Want to Support.
I agree