Within my lifetime the purchasing power of a dollar has fallen 90%. When I was a kid a normal car cost less than $3000. Now a normal car costs over $30,000. When I was a kid a normal size candy bar cost 10 cents. Now a normal size candy bar costs over a dollar. When I was a kid a gallon of gas cost 25 cents. Now a gallon of gas costs over 4 dollars.
If the West Red Lake mine is not offering a physical coin that I can buy at a fairly reasonable price, then I am not particularly interested in investing in them. Sorry. I don't care about some worthless paper contract.
I bought precious metals not to become rich I bought it to bring my wealth forward in 2002 I bought 800 ounces of silver for $4,000 at $5.25 an ounce today it is worth $18,400, the $4,000 I spent in 2002 has lost 41% of its purchasing power to date a loss of $1,640 of purchasing power in 21 years, I never stopped stacking just bought $730 worth of 90% dimes and quarters
It's great how countries and large corporations can just take on all the debt they want and rarely have to worry about it. In many cases it's worth many times their GDPs, yet citizens get hounded for even owing a penny... The question is, how long can it go on for? The bubble has to burst at some point.
Every dollar in existence is a debt. Its a bill .... a note..... meaning DEBT. When you give somebody a dollar for some thing all you did is transfer an IOU with nothing on the other end. 😊 Don't let them fool you. There is no way to pay it back.
Boy West Red Lake on every channel. They’re spending some money to get their message out. Adding a bit 1000 shares see what this does. It still bothers me though. I’ve added it to my watch list.
I. don't mean to pry into your personal business, but giving the times, what would b e a safe overseas bank, unsubjecr to that governments whims or possible could? Sincerely
Interesting video… I’m a precious metals fan.. particularly Silver… but I’m curious why..? Platinum is rarely promoted or recommended as an excellent long term value… Appreciate your thoughts 🙏🙏🙏🥲😀😮
In 2019 The BIS quitely announced there were to be a third Tier One asset, gold, added to USD & Treasuries. Note, Crypto or Bitcoin are not on that list! It is only a matter of time before USD & Treasuries are removed as the dollar has massively reduced value due to inflation and Treasuries guarantee is based on those inflated USDs ! The "yellow rock", as Buffet called it,
I absolutely love the advanced material. There are plenty of quality red carpet welcome channels for new stackers. Fewer, more seasoned channels, will boom in a shtf scenario. ❤
I have had this question on my mind for long time. If a recession lowers people’s disposable income, why would the gold and silver price rise? Wouldn’t the price of gold and silver go down during a recession since it loses its demand?
Banks keep buying it because the dollar has been used by so many nations to buy oil., which will be changing soon which will weaken purchasing power., the banks are doing this on purpose till a reset within two years.
Money printing when enough students default and enough people can not have purchasing power., but this money printing will have a catch., digital currency!, don’t take the bait but become self sufficient before that time comes.
While I like the sounds of investing in this company, I can’t help but think I’ve missed the opportunity already when hearing about it all over RUclips. Seems like it’s always too late by the time the average person hears about something like this.
This boat is always docked. There is, at this point, not a bad time to get in. No financial advice. If things take off, they take off. Major banks and countries are doing a I do what they do.
Within my lifetime the purchasing power of a dollar has fallen 90%. When I was a kid a normal car cost less than $3000. Now a normal car costs over $30,000. When I was a kid a normal size candy bar cost 10 cents. Now a normal size candy bar costs over a dollar. When I was a kid a gallon of gas cost 25 cents. Now a gallon of gas costs over 4 dollars.
Great comment Cole. I remember 25 cent McDonalds burgers. 25k dollar homes and yes even 17 cent a gallon gas. Printing money has ruined our country.
Me also Cole 🤝 I also remember having 90% silver in our change , real money not this fiat paper.
God bless brother great comment. 🕊️
A silver quarter is worth over $4.00. That’s because they’ve taken the gold and silver out of money and inflated the paper currency.
But how much did you earn?
@@MrAlow23 what does that matter? He’s talking about the dollar value going down. Irrespective of how much one earns.
If the West Red Lake mine is not offering a physical coin that I can buy at a fairly reasonable price, then I am not particularly interested in investing in them. Sorry. I don't care about some worthless paper contract.
I bought precious metals not to become rich I bought it to bring my wealth forward in 2002 I bought 800 ounces of silver for $4,000 at $5.25 an ounce today it is worth $18,400, the $4,000 I spent in 2002 has lost 41% of its purchasing power to date a loss of $1,640 of purchasing power in 21 years, I never stopped stacking just bought $730 worth of 90% dimes and quarters
I can't disagree, I inherited several thousand ounces of silver prior to buying my 800 ounces and I stuck with silver
@@ownsilversince cultleader is a turd … i’ll extend a congrats and a nice work for securing some sort of means in the future
Fuck me sideways
Feels like a billion of new debt every hour
It's great how countries and large corporations can just take on all the debt they want and rarely have to worry about it. In many cases it's worth many times their GDPs, yet citizens get hounded for even owing a penny...
The question is, how long can it go on for? The bubble has to burst at some point.
Scott, never forget we are the pack mules, er, er, taxpayers.
Every dollar in existence is a debt. Its a bill .... a note..... meaning DEBT. When you give somebody a dollar for some thing all you did is transfer an IOU with nothing on the other end. 😊
Don't let them fool you. There is no way to pay it back.
Well said and put
@@JRileyD Thanks 😊 🍟
Boy West Red Lake on every channel. They’re spending some money to get their message out. Adding a bit 1000 shares see what this does. It still bothers me though. I’ve added it to my watch list.
What bothers you?
Sss, I’ll bite. I have seen West Red Lake on 3 major silver stacking channels. Put yourself in Leonidas’s shoes. It is a little weird
@@SmartSilverStackerthe infomercials! It’s very annoying for one.. did you know of them and invest or just jump on the $
Last year was the Gold apocalypse as well
Exactly. I believe when I see Gold soaring....but that rarely happens 😢
"33" trillion 👁️ 💸 🔺
Good morning Smart Silver stacker☕️
Good morning!
I'm good already withdrew everything and transferred everything overseas and got some physical assets hopefully everything else burns
I. don't mean to pry into your personal business, but giving the times, what would b e a safe overseas bank, unsubjecr to that governments whims or possible could? Sincerely
credit card debt is going backwards on the clock wakey wakey
Interesting video… I’m a precious metals fan.. particularly Silver… but I’m curious why..? Platinum is rarely promoted or recommended as an excellent long term value…
Appreciate your thoughts 🙏🙏🙏🥲😀😮
Oh: The Federal 'Reserve' will become the buyer of first resort...
Just stacking. And stacking more
In 2019 The BIS quitely announced there were to be a third Tier One asset, gold, added to USD & Treasuries. Note, Crypto or Bitcoin are not on that list!
It is only a matter of time before USD & Treasuries are removed as the dollar has massively reduced value due to inflation and Treasuries guarantee is based on those inflated USDs !
The "yellow rock", as Buffet called it,
Did you look at the red astric over to the right on the debt clock? It’s been there for 8 months now.
I absolutely love the advanced material. There are plenty of quality red carpet welcome channels for new stackers. Fewer, more seasoned channels, will boom in a shtf scenario. ❤
Appreciate the support, thanks for watching!
@@SmartSilverStacker just would like to add anyone with the smarts to accumulate instead of not doing so, nuff Said
It’s over 33 trillion now
Yay
I have had this question on my mind for long time.
If a recession lowers people’s disposable income, why would the gold and silver price rise? Wouldn’t the price of gold and silver go down during a recession since it loses its demand?
Banks keep buying it because the dollar has been used by so many nations to buy oil., which will be changing soon which will weaken purchasing power., the banks are doing this on purpose till a reset within two years.
It is a very good question, one I would refer to SSS.Things aren't always as they seem.Hell, they hardly ever are.
You soldout too!
Gold Mines Ltd
0.63 CAD -3.12 (-83.20%) all time
Was this script generated by chat gpt?
No lol, just me and wordpad
Smoke 13 must be heavily invesed in stocks with no diversification, just a guess S13.
Money printing when enough students default and enough people can not have purchasing power., but this money printing will have a catch., digital currency!, don’t take the bait but become self sufficient before that time comes.
💯
While I like the sounds of investing in this company, I can’t help but think I’ve missed the opportunity already when hearing about it all over RUclips. Seems like it’s always too late by the time the average person hears about something like this.
This boat is always docked. There is, at this point, not a bad time to get in. No financial advice. If things take off, they take off. Major banks and countries are doing a I do what they do.
: )