$300 silver is coming; If silver hits this floor, start buying - Peter Krauth
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- Опубликовано: 19 июн 2024
- $5K gold and $300 silver make sense, says Peter Krauth, author of "The Great Silver Bull."
Krauth spoke with David Lin, Anchor and Producer at Kitco News, at the PDAC Convention in Toronto.
Follow David Lin on Twitter: @davidlin_TV ( / davidlin_tv )
Follow Kitco News on Twitter: @KitcoNewsNOW ( / kitconewsnow )
Follow Peter Krauth on Twitter: @peter_krauth ( / peter_krauth )
0:00 - Is $300 silver reasonable?
9:04 - $5K gold thesis
13:47 - Short term silver predictions
16:02 - Silver price floor
18:23 - History of silver
22:12 - Is silver used as money?
24:10 - Crypto vs. precious metals
#silver #gold #inflation
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I have a friend who has stacked silver for over 20 years. At one point in her life, she became a single mom taking care of 3 kids, no stable income, and was also finishing post-secondary school. She cashed in thousands of dollars worth of silver, which was a lifeline for her. The point being that stacking silver does have real world uses when the time comes.
if she put 95% in the market and 5% in silver, she could’ve retired 😂
It’s a joke. It’s a good “Story”
The story that silver spot price is always just about to shoot to the moon is a joke.
@@deesus1085 exactly along time ago too sad to say
@Walter Murray I’m
The interviewer is excellent. Respectful but not fawning, asking pointed questions and citing wider consensus to compare the claims, and asking questions investors would ask given the chance. Exceptionally well done.
thats how they roll every interview
David Lin is the bomb
David Lin is fine but I wish they would stop having these guests pitching these crazy numbers.
Excellent establishment propaganda.
David Lin's smart questions totally destroyed his thesis predictions
I’ve been hearing 100 $ silver since 1999.
You don't understand
from who? Because,I know who recently coined the 3 digit silver term, but not back then....
right
right that's exactly why it's probably likely that it will happen now because it hasn't happened yet
Buy silver is the new lithium
The times we are living in are like no other...every country is living on borrowed time..financially speaking.
Every countries currency is crap...I believe silver will go crazy in the next year or two..
These guys are talking as if we're living in 1970 and our country is 10 billion in debt...
We are 70 trillion in debt...the currency is going to have to be reset .... soon. Everyones currency...and the new currency in order to be legitimate is going to have to be tied to something..like silver or gold.
Finally, someone understands.
The new digital currency will not be tied to gold or silver and never will. It will be another form of fiat. 100% but doesn’t mean that gold and silver isn’t going to explode in price
Steve Elder doesn't it seem that there is little pressure to be legitimate. More like a fantasy of caveat emptor.
@@andrecosta8659
2 resets.
First one will not take; some people will be washed up.
Fuck $300 let's hit $50 dollars first
Yea really
Maybe even $27 again
a j3w discussing this shit with an asian.... make your own assumptions. China major producer of solar panels (20gs) of silver per panel. Stock up, the great reset is coming. Wheres the 1800s history.
Completely agree but how can you not address the elephant in the room? Silver will not take off until JPM stops flooding the paper market. Why doesn’t anyone address this in an interview?
Incorrect.
Silver will find it's price once industry is forced to go to the open market for supply.
They don’t bring it up because they’re not allowed to.
@@1philliph 👍. That’s the difference is paper contracts don’t create supply of physical obviously. Mine supply is limited. Investor demand during a monetary and government fumble is the wild card for a wild ride. It’s a silver decade. If JP Morgan gets caught short 😂🔥
@@arouse6140 JP has already paid $900 million in fines. Of course they are manipulating
@@arouse6140 Warren Buffet like the Hunt brothers back in the '80s hoarded millions of OZs. They then, later, sell to the industries that regularly depend on the metal.
The same premise for individuals, for the long haul only slow but steady. Millennials want the rise to only favor their generation in order to claim the story of silver shoots over the moon!
5-10 years? This is not a prediction, this is only a possibility because everything can happen in 5-10 years
In 5-10 years gas will be 20 dollars a gallon. Calling it now ;)
Believe it or not, they've been saying the same silver bullsh*t for at least 14 yrs now...so whats another 10 yrs? lol...These dudes are assclowns...raging inflation and gasoline heading to $10...and silver still cant even break $24...these guys have been FOS since I started to listen to them years ago..
Well said. How about 10 000$ Silver in 50 - 100 Years.
5 to 10 yrs NOT how about in the next 2 yrs. Look what's happening FED
Silver has been replaced In solar panels by a new copper alloy developed in the Netherlands
I was buying silver at $4 to $5 long ago and added along the way with highest price around $18 and added none since. I also own silver stocks, so many investors won't hold stuff for more than months or days or hours, I always make my most money in 5 and 10 year time frames and in this case I have been mega patient but will not sell anywhere near these prices and will wait until everyone wants it then feed the quackers, I expect this will be well into three figures.
They will always put a damper on metals. They make our micro chips, phones, all sorts of uses. You think the prices of our products are high.. you if metals do move to said 300 silver . Wow hhhhyper inflation!!
whats your favourite silver stocks?
...last time I bought silver in any serious quantity, it was $7 for a silver eagle. I could sell now for around $28 if I want to (for eagles). That's 4x in less than 20 years. Yes, I could have bought the S&P, and I did that too, but 4x in the past 20 years is substantially more than inflation with really, very little risk. IMHO, the place to be right now as far as precious metals, is platinum. Everyone hates it, but they aren't making more. ..blood in the streets is the time to buy if you want to make a fortune.
@@eventhisidistaken less than 20 years......Bitcoin from 2010 to 2020 just 10 years went up a little more.
@@ace1603 Bitcoin is garbage. It's going to zero eventually, as governments increasingly criminalize everything but their own official crypto.
It is estimated that by 2050 there will be 2.5 billion motor vehicles on the worlds roads.
It is predicted by that time that 70% of those vehicles will be EVs.
Each EV approximately uses up to 50 grams of Silver.
The USGS estimates their is 530,000 metric tons of Silver left in the worlds rocks.
Rough figures 28grams in a ounce of Silver. 32,000 ounces in a ton.
You do the math - Silver is going to be exhausted. If you are young enough to be around in 2050 buy Silver now :-))
Man will be dead by then
Of course it will break long before then. Russia and China are already forcing the issue.
Is silver in EV batteries or the car themselves? Because if it's in the batteries, silver could deplete much faster since more batteries will be produced than actual cars.
But EVs won't be a thing of the future, since our world's electric grid is outdated and cannot sustain the energy of that many EVs. Already California is U-turning, saying don't charge your EVs due to rolling black outs. EVs are just a fad, the lithium batteries themselves pollute more than fossil fuels when they are discarded, and are unaffordable to replace. They will unveil that revelation to the masses of sheep later and hop to another mode of energy, and continue the $$$ train again, rinse and repeat.
Thank You for the information Knowledge is power.Power is wealth.
Love David’s interviewing style…he checks his guests and not let them make statements without support or explanation.
Yes but i find his hairstyle to be....
BUT DO YOU HAVE A POT TO PISS IN ???
@@harryolsen603yeah it looks like pubic hair.
The other issue is at current inflation prices the price of silver is very low because even if silver goes to $100, your $100 at the supermarket is buying you less groceries anyway as inflation is eating up your purchasing power.
That’s why you buy silver and gold mining stocks. They have a bigger upside .
Better hold the silver or gold than loss 50 or 99% on your DOLLARS.
There won't be groceries at the supermarket
@@jasonstewart3748 all of this is by design. The government wants all of us in “need” where we can be controlled.
my point is $100 isn't buying you all that much worth of groceries these days, so by the time silver hits $100 your groceries are probably $200. Silver is not keeping up with inflation, infact it's going the opposite way. So much for a hedge.
I’d like to see a revisit of the guest!! 👍🏽👍🏽🫡 and his thoughts now! 👍🏽👍🏽
we have to remember that 50 1980 dollars was much stronger than 50 2011 dollars. and that says alot! about 22$ silver in 2022.
It Says Silver Is A Pretty Hopeless "Investment."
It was all speculation using the futures market and leverage, not a realistic goal
@@brysona466 it really isn’t an investment… more an insurance policy…
A lot. 2 words, not 1...
@@patrickhache7020 thx u for the correction
It’s a question of the risk reward ratio. I think silver downside risk is very low, considering silver’s essential role in so many applications, and the limited supply. Even if it does not reach $50, it is still worth holding to preserve wealth.
Totally. Would gold & platinum be good at preserving wealth too? How about carbon or oil?
@@user-DongJ only metals for wealth preservation
Exactly
@@user-DongJ gold Yes! I've heard lots of good arguments not to add platinum. Unless you have plenty of silver and gold.
@@user-DongJ yes to all
I own it (altho I recently sold 500 oz; sell when everyone else is buying right?) sold mostly bars, kept the constitutional and numistic stuff. I'm more heavily into gold. I see silver now as an industrial metal TIED TO DERIVATIVES. If silver goes to $300 (being tied to the derivative market) we'll have a helluva lot more to worry about other than inflation. You're talking financial armageddon.
we are almost at financial armageddon. Consumer debt is at an all time high and we about to go into a depression...
Armageddon is assured....all debts are paid
financial armageddon is end goal bro. we arent in this situation by bad luck, it was all design.
@@gundam0816 He sold his real money for a piece of paper 📃 🤣
Yes, armageddon is accurate
Look around
I'm currently reading the book "Will Silver ever get above 26$/oz this year"?
It might not! The case for gold and silver relies on low storage cost and therefore long time preference
@@anonymousAJ Get it in your hands guys!! Geez
31 Aussie now-
I think that's in his next book!😂😂😂😂 Keep stacking my brotha👊🏻
It is here in NewZealand.
I love silver and gold. However, I am amused by calls for high multiples while the price is actually declining.
The paper market controls the price of metals. Once people call in the paper contracts for the metal, the game is over.
People are calling this a "dip" in stocks and crypto. Everything over a period of time is expected to go up. Why do you single out metals?
Why isn't anyone factoring in advancements in technology bringing down extraction cost?
Everything goes down before it shoots up! Banks are shorting it, 2023 will be a HUGE year for metals!! And dont sell cause it will slam up more and more WATCH!!
@@ericpaffenroth4213 it's NOT the paper mkt but that most people still do not buy gild or silver.
When silver goes below cost. The dealers say they are out of stock or 12$ still costs 18$.
Been like that for a while now...
It's all a scam to get you to buy more silver. When spot silver was $15 A COUPLE YEARS AGO suddenly they were all out of silver, but when it went up to $28, they had all the silver you wanted to buy. And now the premium on a silver eagle is $16, when it used to be $2 back in January of 2020.
They are robbing people blind, and even with silver at $19.70 they still want $37 for a silver eagle, it's insane, and I refuse to pay it. They can take their silver and shove it. Now they are bringing out the $300 silver clowns again, it's laughable.
Silver can not even break $30, how is it going to $300, it will never happen. Kitco should be kicked off youtube for putting these clowns on their programs, and Peter should go away, and stop lying to people about $300 silver. It is NEVER GOING TO HAPPEN.
These guys have been talking this $300 silver nonsense for years, and it never happens, ever. They should all be banned from youtube, and sued for fraud.
That's true when it goes up quickly there out too
Then find another seller
This is laughable. It cant even get to 30 with all the economic mess we are in
😂
Patiences!
FED is tightening... this guy is trying to unload his bags to a sucker that mght believe this trash
@@ChancetheCanine no ones aiming to make money by the time they are 70 these days, you can keep tthat style of investing
It’s not allowed to get to 30 by the powers that be. The precious medals markets are completely manipulated and controlled, particularly silver.
Silver never breached 1980 highs because we entered a fiat currency debt based system and we have had to drop fed funds from 20 percent down to 0% in 2008 and we did QE to get us to 2021 and now we have 20% inflation so they are out of rate drops and they are out of QE wiggle room. Silver will boom when this system fails( within the next couple years) or it will be made an illegal/restricted resource.
My company uses silver in production of products, also gold.
Might be a good idea to keep a bigger inventory than normal headed into the years to come
Exactly. The government will do whatever it wants to do….👎🏻☹️
Should have boomed already. If this is the only asset that needs the system to fail to boom, it's the last thing I want to buy. Seen too many years, people saying the same things over and over again. It all runs together and goes nowhere.
@@fifteenbyfive as long as there is no inflation, no unemployment, and lending growth continues then yes I would stay away from silver and leverage debt assets. That was the case for a long time but not now.
Great Informative Video..Salute and Cheers To All Stackers
Always love how David interviews his guests,polite but to the point and doesn’t suffer fools lightly, keep up the great work David one of the best and informative shows out there 👏👏👏
And don't forget there all wrong !!
It’s not an interview, it’s an advertisement
@@Kane6676 Yep! and that dude didnt even know that the book was out for 5 weeks and a New York Times Best Seller!
@@Kane6676 You are so correct .... just another "BUY MY BOOK" Scam ... nobdy knows wht tommorrow brings ... nobody
@@janicejohnson1334 I come to find out that all these RUclips “ help” videos are just ads
Fabulous job David. You were prepared and asked all the right questions. You challenged Peter in a thorough but respectful way.
1:35 Daivd says," silver had not been $50 since the eighties) and the Peter agrees. Silver hit over $50 an ounce April 29th, 2011.
Again, David is outstanding at adjusting and managing the conversation in a way that brings the guest out of their shell. His cadence is also very inquisitive and intelligent. Much better than the typical uptalking pissants that don't understand their own power. Well done, David.
Also I generally agree with Mr. Krauth, although if you are factoring in inflation so heavily, you might consider capex for essential industries (including mines), and a gungho approach to commodities across the board.
Are you for real, this is garbage, from both of them. Peter is a propaganda clown, and the people at kitco are just as bad for giving this grifter a platform to spread his $300 silver lies. Silver can not even break $30, so how is it going to go to $300, it is laughable. These same guys have been saying this for years, and it never happens, they all went to the Trump school of lies.
I believe it can happen tomorrow even yesterday even 10 years ago, the mining companies they need to make opec! just like they come together and set the price of oil.. why can't mining companies do the same with silver and gold companies come together and set their prices at 50$ possibly calling it precious metals Co-operative???
I firmly believe that silver will only go up when the US dollar is being bypassed through the swift banking system. When more countries are being able to make payments in their own currencies without having to pay in US dollars that's going to push pm prices through the roof.
Japan will dump U.S. treasuries. Foreign investors will be dumping dollars back into the U.S. - silver to $300 +.
CARLOS . . You nailed it - Spot On
Its happening now
I agree, Ive veen hearing "siler to the moon" since I bought my 1st ounce, 8 years ago.
There were 500 million ounces of naked shorts sold on Comex yesterday. Do you really think silver will ever go up? It has always been controlled and always will be. I would be happy if silver got to 25
FYI spot price isn't the real price. they buy your silver above spot, just like they sell above spot.
@@Decoder2040 Under. Thy buy under, sell over. Just like when you trade a game or console to Gamestop: 25 bucks for your game, but they sell it for 45.
Actually, high silver is not too much of a problem. At the moment full EVs use about 50g of silver. At today's price 38 USD. If it goes up to 300 USD then you have 534 USD for the 1.78 Oz's used in production. So, 496 USD increase. The manufacturer will simply higher the price by 500 USD. This is easy when your car is usually 30,000 - 100,000 USD. The average price is around 66,000. So, not too much of a problem at all. Also, it goes as low as 32 grams, this makes the cost even easier to absorb.
Good point Louis!
That inflation will pass through out economy… The impact of increased prices in one sector will spill over into others….
A better example is the industrial military complex. Each cruise missile contains over 100 ounces of silver. When you fire them off by the hundreds during a conflict, that gets pretty expensive real fast.
No, not really, they will start replacing silver with much cheaper alternatives. Manufacturers that will rise prices by $500 will get outcompeted.
The $300 myth of silver had been going on since I started stacking in the 90's.
Regardless if it went up to 50$ in the 70’s that would easily be 300 now. The market is manipulated way more paper silver is traded then exists in real silver
The markets are deflating right now with much more to fall, silver isn't plummeting 16 bucks is probably the best price we could have bought going forward.
Great interview . Peter has a promising insight.Hope silver goes at least 50/1
I'll hold out as long as I can. Because I do believe silver and especially gold will be used as a reserve for currencies or will be used as money again. But I'm not sure it'll happen anytime soon. I think we'll have to go through very hard times before people wake up and realize you can't mortgage your life and expect to live it well. It will either bankrupt you or worse your nation/ posterity. So I'll always stack assuming I can. But for the time being it's just a safer personal savings account that's better then banks.
It actually has started w China and Russia and other BRICS nationss...A new world reserve currency based on precious metals...
BRAVO ..... XLCNT
The FED has lost it and the sad fact is it's pretty obvious we are headed for hyperinflation.i think stores better have tight security because when people can't afford to feed their families, things might get ugly.
We are not headed for hyperinflation. Head to a 3rd world country like Venezuela if you want to see hyperinflation. It will not happen here. The fed will do something to stop it before it happens
There will be no hyperinflation, not in fiscally responsible countries. Maybe in Zimbabwe, the Central African Republic, or coming up shortly...Russia!
Grocery stores go out of business during hyperinflationary events
@@skol10000 idiot, first in america, ROSSIA IS THE NEW KING
no way!
The Hunt brothers tried to corner the silver market causing an all time high.That said I began buying at 12$ Oz and purchase monthly.
Seems disingenuous to pick the ratio at a peak in speculation, then the second date when Buffett attempted it. Using the ratio I feel now is a poor method to base by purchases. I bought a lot of silver and platinum 6-5 years ago, now I focus on gold.
That was a trip when the Hunt bros. did that, PTB broke them guys.
Was one of the Hunt brothers named Mike?
The next big bounce was a Buffet play
@@trollking99 Is it the same Mike Hunt that I know?
Been hearing this for 30 years
if it wasn't rigged it would be 600.00
Or at least 300 already
Not if the supply is able to keep up with demand. It's fing economics
Nah
If it's rigged, why do you own it?
Silver to Gold ratio reached a little bit under 70 to 1 this last year. Its at 82 right now. If it goes back down, call it a reversion trade, to 70 to 1 that will put silver at a price around $26.72.
So right now silver is at a discount ?
@@17dukeman - the ratio historically has always been 8:1, these numbers are fudged through silver stocks and the Fed's tricks.
or gold going back to 1200
Silver was pegged at 12:1 to gold back in the 30’s
In 1963 gold was selling at $25 oz and silver was $1.80 oz.
It’s slide from gold was due mainly to its demand in the Kodak film industry as it was purposely kept affordable as an industrial metal….like copper and aluminum. Now because there is very little use for silver because picture taking has all gone digital, its use in computers and electronics and electrical transmission is all that’s left.
So like gold, Silver is now an excellent commodity to represent a gold based economy. 12:1 ratio is plausible.
@@OldDocSilver Big use in solar. Big use in EVs. Silver is viewed as a high margin by-product of the Copper (and other) non-primary mines, its supply has increased a lot due to this which is probably why the ratio has gone up a lot... I would be happy with 60.
The gold-silver ratio, last at 96 (ounces of silver per ounce of gold) has retraced more than 50% of the 2020 to 2021 collapse from 127 to 62 with the next level of resistance around 102.5, a potential further 6% underperformance relative to gold, while a break back below 94 would be the first signal of strength starting to come back
Silver will easily see 600$ per oz within the next 100-150 years
🤔 I will be dead to see it
🤣😆😂
Silver has been doubling every 10 years since 1970. If that continues, it will hit $300 around 2055. That said, we are in a period of accelerating high inflation and nothing substantial is being done to squash it, so all bets are off. It could hit $300 *way earlier*, but there is no realistic scenario where it will take longer.
And I for one can't wait!
Probably 150 years
Seeing as though I own a lot of silver,
I hope it does!
The problem of physical silver as a store of value is that most countries charge vat on it, whereas they don't with gold. Investors just pay the capital gains when selling gold. This must factor into the reason the difference in price is greater than it's ever been.
France chrges you VAT for GOLD...🥵
Silver is a bargain right now at double spot 🤣
In the UK you do not pay Cap Gain on gold Soveriegn's because it is still classed as currency.
I guess canada must be the best country in the world then to buy gold and silver. There are no taxes on the purchase of g&s, and if you buy coins which are legal tender then there are no capitol gains applied when selling them.
It is always 5-10 years. It was that in 2018, next year is 5 years from there. Tired of all the rigging of the financial system. We are all going to get fleeced of our assets.
It's set in stone
So true........it is never now.
You're just weak,stop complaining and sit back and enjoy the ride,silver will rise it's inevitable.
@@dennisfoster4054 Oh yeh? Hows the ride going so far 🤣
@@bikes02 Great accumulation is what's it about,you Peasants can sit on your devalued Fiat Paper rubbish that's lost
97 % of its value in the last 100 years.
I learned a lot of necessary information through the video. Thank you very much for making such a beautiful video
David is a pleasure to watch.
David Lin is the best interviewer in media. Concise, relevant questions. Gives all the space for the person interviewed to speak. Careful rebuttal to move the point along without getting “in the way.” How I wish his examples would be followed by others.
Peter is great! He failed to mention the reason silver is not used as transaction money is that it it too valuable. Bad money chases out good. people will hoard REAL money and transact in the fiat ALWAYS
Peter is a lying clown, case closed.
Get small silver coins...
@@dwhipple6606 why u say that??
great interview david Lin!
There’s nothing to say it ever has to go back to the old ratio. Been hearing the same silver argument for 30 years.
Silver will never get that high because it's a very Industrial metal meaning that most of the buyers of silver buy it for industrial uses. That means that the market of silver is somewhat self-regulating and self pricing. Industrial buyers Buy in large quantities and if the price is too high they simply don't buy which helps control the supply demand curve. Gold is a much better investment. It's a more valuable precious metal with far fewer industrial uses and because of its cost does not have the downside of silver. Anything that happens with silver will also happen with gold so you're better off keeping and storing gold
Do some historical research on palladium... Come back after and comment.
I don't necessarily agree with him but people laughed at palladium ever getting to the highs it did.
Agreed 100%
if industry doesn't buy, and their stocks are low, don't they have to accept $?
I immediately thought of palladium as well. Silver could easily be $1000+ based on industrial and investor demand.
Have you ever heard of supply and demand? It's a pretty solid concept
Time to Give Up on Silver? We've been Hearing the Same Hype Since 2012 & Can't Even Hold Half the All Time Highs.
Yes. Please give up on silver, so mine can go up the day after you sell yours.
@@johnyracercat Buying & Selling Metal Has no Impact on Prices. Only Contracts Push Price Around. Would Be Better off Waiting for the Once in a Decade Rally Like 2020 And Shorting for Inevitable Surrender of 90% of the Gains During the Following Decade of Flat & Falling Price Action Before Another Rally. We Can't Even Hold 1/2 of the All Time Highs, Clearly Silver is Simply Hopeless. Time to Move On
Way too much hype I’m getting sick of it but stacking for decades every time I hear what’s going to triple digit silver it’s time to run for the hills. As a senior citizen my time is short don’t think I could wait much longer
Started buying silver like 10 years ago. It's been the worst investment. They were saying $300 silver ten years ago.
Agreed. It's a scam
I think the biggest factor on silver surging is supply and demand. And, is a partially backed US dollar w-silver possible? The issuance a "silver paper", dollar may be in the cards.
"silver certificate" bills are highly collectible.
I think this is David at his best, really nice feel ! 👍
Except for his hair. Don't know what's going on there.
1:35 This guy says," silver had not been $50 since the eighties) and the other guy agrees. Silver hit over $50 an ounce April 29th, 2011.
In the Netherlands, a new copper alloy has been made that replaces all the silver in solar panels
very cool
Verifying a comment I just made about new tech in solar panels, this guy is just trying to shill his best selling book... 😁
@@nocturnal1970 who is shilling
@@bobs8005 This guy about his book, I doubt it will be a best seller though.
This may be true, but there have been hundreds of new inventions that are better than current standards, but will never replace what's already in place. This is due to various factors including the total cost of replacement, supply, changing the infrastructure, etc, etc. It's unfortunate but true.
Gold-silver ratio is not an argument for the preis expectation, it's only a historical data. Why should it be in the future so high as it was in the past?
Thank you David, thank you.
Great guest thank you!
When silver hits $300 a loaf of bread will be $65.
Why not 300?
bullshit..........more like $10 pieces of tp
No one can predict the price of anything in the future. One may guess, based on research, but still it's just an educated guess. Sure silver may be at $300 in the future. It may also be at $10. Only time will tell us.
This was very educational, I really appreacite the conversation. 😊
There is no doubt that the price of silver should be much higher, but since silver is a widely used industrial commodity, they (the central banks and the industrial complex) will never let silver reach its real price. .
Why should it be much higher?
Agreed as with gold it is a manipulated dinosaur store of value.
It's not renewable
Until the brics nations all buy and sell oil with gold. Which they have said is coming. China could re- value gold to 10 thousand an ounce, and the U.S. would be bankrupt over night.
@@davidhidvegi4417 Just look at where it has got us since coming off the Gold Standard!
all silver that I have accumulated was for specs but i believe now that it will be used after the end of the entire system (as currency kind of). In 5 years 10 years, this world or the system we know will not exist anymore. It s gonna be savage.
5 to 10 years,? The end of the system as we currently know will end before December 2024, or depending on how long the Fed can keep the lies going. I would say the Fed is buying all of the Dow and the Nasdaq to make us think all is well!
Peter would be right about silver for its solar use alone, except that as solar demand continues to grow, mining silver will of course grow with it. If supply keeps up, it'll behave much like copper has behaved since the advent of the electrical circuit. A sleepy boring "investment" even though it's critically important.
New tech could make silver unnecessary in solar panels and solar energy use alone is also highly speculative.
Solar doesn’t require silver. Copper alloys are being used in the Netherlands. In a few years silver will not be used in any solar applications.
@@jaywhoisit4863 Source please
@@fifteenbyfive Silver is used in solar right now because it is relatively cheap. If silver goes 10x in price (it won't), it will get replaced with an alternative metal / technology. This is how markets work.
@@rokkralj9786 Yeah better tell the popular youtube content creators that. They're selling out of both ends, metals and mines, mines and metals.
I’ll be dead by the time silver hits $300. I probably only have 20 years left to make any money. 10 years too old to do anything.
Then No worries mate!
I'm with you on that!
Making the giant ass-umption that having those dollars will mean anything at all. Americans are blinded by the love for the dollar. If you actually lived in a system using a non-reserve currency, you'd wake up to how artificial the fiat dollar actually is.
Yea you’ll be better to stick to crypto
@Sander crypto is not real. try getting your cryptos out without power. silver IS money. nations have been plundered for it (ex. India). silver $700, gold $15k
I look at in this way , your maybe not going to become rich but you will store your current value for the future , as the economy worldwide is going poorly and continues to do so.
If it hit 49 in 1980 and 2011 at some point all these banks that are buying large amount of gold and silver. Will stop suppressing the price and open the flood gates . 50$ in 1980 was alot of money.
Common sense says it must hit at least something equivalent to that 50 mark.
Only strong hands will prevail.
Silver and gold are not in a bubble like other investments. It's the best place to be also platinum and palladium.
Platinum has several negatives.
As long as we evaluate and equate everything in dollar value. Nothing will change.
Very well said
@@jimtalbott2095 thanks Jim. I’m so Fed up with it all. Pun intended.
And that's why Putin is in Ukraine, selling crude oil to India in rubles and rupees along with gold. The China Russia currency basket is going to change everything and it includes silver.
Just a question…… why, when talking about gold/silver ratio, is it assumed that silver is under valued and not that gold is overvalued? Seems more likely gold hits $1000 an oz. Than silver hitting $300.
Yes. That’s a real possibility that few have the guts to consider.
I continued to accumulate pre 1965 US 90% - Silver dimes, quarters and half Dollars
How many times have we heard this?
The world is in a recession now, and in 2 weeks the food stores will close the doors to retail shoppers. And only have call in payments and pickup in drive thru, or delivery. Walmart learned this in riot looting of stores. My local walmart has reset the shelves and walkways are narrowed. And they built a huge room in the store just for pickers.
Oh No...!!!
well you wrote this 2 weeks ago and i see no sign of food stores closing their doors. While food will become more scarce, your scenario is hyperbole or sensationalism.
The Gold /Silver Ratio... MEANS NOTHING. No Data (except Historical... which is worthless) supports the need for a "Gold/Silver" ratio returning to historical levels. Silver might climb MUCH higher... BUT WILL HAVE NOTHING TO DO WITH THE Gold/Silver Ratio. Just plain DUMB.
David Lin is one of the best journalists today. No doubt.
I totally agree
Even if silver goes up sharply, makers using silver in their products will shift the price increases to the end users.
So, which side of the market do you wish to be on? This is why you should have been buying silver along time ago. But it is not to late.
For the love of God silver was $50 in 1980 for about 10 minutes.
yet the currency printing has gone on exponentially
😂
I saw silver a few years ago at $33 per oz now its barely $20 per oz. Everyone said it would hit $100 but it keeps dropping. So today's price is $20 per oz but you can't find it for less than $25 plus fees. If mkt price is $20 I'll give you $20 maybe $21 but not 25% more than its worth.
Where do I get the dollars to buy gold
from the fiat dollars you blow on materialistic bullshit
Very useful & well done interview.
When there are recessions and we are in a global one, precious metals skyrocket. Happens everytime. Within the next year it will be $50 for sure
That isn't true, check it out for yourself
@@nocturnal1970 it’s a good theory that never plays out.
In Latin America, the colloquial name in Spanish for money is plata (silver).
All you can be sure of is the vault will keep taking storage fees off you,unless you're bonkers enough to keep kilos of silver in your house.
Forget 300 dollars , I will be happy if it hits 50 dolars
Think higher mon!
I'll be happy if it ever hits $30 again.
@@joeblowe7545 oh yeah?
me2 but why not 150? the world is crazy
Naw dude I want 3k nothing less
Silver is one of the best Stable Coins there is. It hasn’t moved in years.
people underestimate this
Wasn't it $500 Silver in 2010. These guys just never stop do they. The book is obviously under the fiction section.
At 21:37 in the video; there is a gold backed digital currency. The company is AABB. They have a publicly traded stock. They have gold mines, they mine the gold, and they store it. That gold is backed by a digital crypto. Which makes transacting faster and easier.
I’ll check it out thanks
@@MSWcryptoworker Advice... Ignore this for your own good. Only good crypto is the king... Bitcoin
Available to US customers? On which exchange? Compares to PAXG...? Seriously asking, not sarcastic.
@@janellc900 Stay the f*** away from it, not sarcasm. Bitcoin is the only crypto and any other crypto is a scam or as is know as a 💩 coin. This is amongst the best advice you will ever receive.
Very interesting discussion. I’m assuming silver investing could also include those who own US silver coinage from 1964 going back in time, of which I own a fair degree.
Always in demand Constitutional Silver plays a big part. However unless you started collecting P.M.s 40 years ago. The actual holding of .999 fine minted coinage will bring you the greater return. Untouched Historical money waiting for an eventual Financial Calamity. Time after time fiat currency ends the same way. Predicable Cycles take the very same path as before. The main point is do most people have the patience to hang on to a lifetime of wealth. I think not because less then 2% even know anything about P.M.s at all.
The term in the industry is "junk silver". It is a great way to own silver. People buy giant sacks of mercury dimes and quarters.
If music was Bullshit Kevin S O, Donald, then, you would be the Brass Band! lol
How many people have already lost money on cloud mining and staking… Use only cross staking
In New Hampshire they are accepting silver at farmers markets.. silver price is posted 2 times a day
thanks
Silver may get to 300$ . But the spot will be 15$ and the premiums will be the rest.
It's funny because it's true.
Looks like the only thing he wants is to sell his books. We had so many book-writers in the past ... they were all wrong! I remember M.Malony and Morgan who called out for a 100$ or 200$ in 2011. They all were wrong! "in 5-10 years" is the standard-phrase for such people...
It’s not about being right ,it’s about selling the book and making money baby! Sucker born every minute.
Exactly. Nobody knows shit, but they like to hear themselves talk.
demand and supply should regulate the price ?
Great content and information........Loved the discussion/interview.....
"hmm, silver seller calls 300 dollar silver, this should be something I can play while eating breakfast and ignoring most of it"
I agree I’m getting so sick of hearing these numbers after stacking for so long I’ll probably be dead before it ever gets to even 50 if it ever does
@@hotstix7014 sell now and pump something else like maybe bitcoin?
Have you called Celsius ceo yet for an interview?
😂
Schiff vs Mashinsky round 2!!
26:00 paxg is good, 1:1 peged and you can turn your coins into real gold anytime if you have enough
Look how crazy Bitcoin has gotten…., it went to 60k and everyone was calling for million.
I just know that the current price of silver absolutely does not make sense bc most of commodities
have gone to the moon, except for silver. The price has to go crazy sooner then later!!
I believe it!!
the entire above ground market cap of silver is around 35-40 billion dollars. That means if it were a cryptocurrency it would be 6th place in market cap!!! People have no clue how cheap it truly is
Gold and silver can never be in a “speculative mania” gold and silver are money. So if they are rising sharply it’s not speculation it’s the currency dying
This ⬆️
I have been hearing, 3 years, 5 years, 10 years since 2005!
17 years! Im running out of time!
Lol
I have accumulated a lot of silver over the years waiting for the price to go up. Unfortunately the silver I’ve accumulated is the hair on my head.
@@jimtalbott2095
Yes!
At the seemingly new normal of gold/silver ratio of 90 to 1 (Don't know why); for silver to reach $300/oz, gold would need to go to $27,000/oz. NOT LIKELY. $30/oz seems possible this year, as gold only has to go to $2700/oz, and it is at $2233 (and headed up) as I type this.
David is truly a great interviewer!!!
Great questions!!!