I've been saying this on my channel I feel like the underlying reason why silver is rising now it's because the federal government knows that they cannot put a cap on the inflation crisis. Besides that there is silver shortages and China's economy has collapsed and they are desperately purchasing metals
If silver certificates still had value, they would be worth $30 in today's trash paper money. So if you are making $15 an hour today, it's like working for .50 an hour in the value of money backed by silver. Let that sink in.
@silverdragons I downvoted this video because I think you are mischaracterizing “a surge in silver”. Silver lags the gold moves. Gold moved first and this is “pulling” silver up in a leap frog effect. I would characterize a “surge in silver” like this, e.g. If gold is flat to slightly up over a time frame, and silver gains 2x over gold in that time frame, that’s a surge. All my own opinion of course.
Predicting bid and ask prices is a fools game. I agree with your dollar cost averaging strategy. What else you gonna do, sit on rapidly depreciating fiat?
I still smell dumpster 🔥 🔥 🔥 I think a dump is definitely coming but... what the better bet, cash or physical? think the supply could start getting hit, especially if the dollar weakens more. Hold on to yer buts, it's going to be anything but doldrums this summer. 🙏
@Truckson777 I am truly 😞... ya'll always seemed to get it dry first. Meow, riddle me this? If you will? What kind of mindset chooses 2 chick's on 1 coins, just to defy the prides between 2 nations? Are you kidding me? Does irony not kick a field goal with coin purse there? Or am I to patriotic? Tuh! Imho, the US Mint ain't sooo minty anymore. I'd rather buy more of the late Queens reign, and pre 2022 ASEs than buy their indignation of Crap! Don't get me wrong, the type 2 eagle is symbolic enough to completely eliminate the existing problem in today's extreme leftist, wokeback, dehumumanized, freaks! However, 2 chick's on 1 coin does not make us friends. Keep yer coin Yellenstain. And shut up! ManBearPyg!
How they fudge the true numbers, feel good, look around, we have crashed. Inflation, depression, recession all at once. 😅 thing the big depression was bad? Think ww2 rationing, and family gardens were bad? Yeah times it all by 7.
I think all silver and gold will overtime raise in price, just ignore all these economic skyrockets and drops, as the world runs out of natural resources all silver and precious metals will rise. Don’t sell!
I’m trying to understand what silver experts mean when they say silver is at 29.90 but if I look on a metal dealer site (money metals, apmex, etc., a silver ounce coin is between $36. - $42. depending on quantity? I find that confusing…
I don't know if you can consider the G/S ratios "normal" at any point in time. It matters what the uses of the metals are. I think the case is worse for the value of silver as the industrial uses pick up, not better. If you have enough technical applications in the industry for silver, none of them are going to want silver to be expensive and they will lobby for it to decrease in cost, or they will find an alternative substance. Don't get me wrong, I'm on team silver! But the 20th century can hardly be used as a benchmark for the normalcy of the ratios. The applications were just not the same. The majority of the 20th century used silver for coinage, silverware, photo developing, mirrors, and jewellery. The electronics applications have to be more influential now than most of those markets.
I bought 10 ASEs for $33.50 each yesterday. Still believe silver shpuld be $35. Though it does get harder to stack the more it goes up. Funny only less than 2 weeks ago it was $26 ish. I want one last pullback but i have a feeling we may jave seen our last of under $20 silver for awhile. Also i have already said bye bye to lower than $2000 gold when i bought for first time last year
The reason gold is so high right now is because China is buying up all the gold in the world. They are trying to create the new gold standard and they’ve been doing this for a couple years along with the crashing Chinese dollar the crashing US dollar the crashing euro, that is so high because China is buying as much as they can
Just starting to get into precious metals so I subbed your channel. Been recommended scottsdale mint, any other good mints out there that aren't the treasury?
Great the market is flooded with silver and price being so high dealers paying back of spot so they don’t get burned once the bottom dumps out and like you said they are buying tons of Gold
Silver like gold are only doing catching up. I buy gold and silver when I have money to do so and don't waitvfor a hypothetical downside that often never comes. And what do you care if you bought your coin 50 cents cheaper when it's gone up by 10 bucks or more ? Am currently stacking as many Maple Leafs and Britannias with Queen Elisabeth the second at the back. A much better investment. From what the World Gold Council has said repeatedly for a year now, silver mines will be empty by 2028. Industrial demand made silver stocks go down by 400 000 tons in 2023. Silver shortage ? Most certainly.
I have to ask a question because I was on WhatNot buying from Beach City coins and they were selling a toned coin for a lot money and I asked what makes that coin in the hundreds of dollars and they wouldn’t answer my question. I was asking because I don’t know and I thought it was a really nice coins and was thinking of buying it. I’m always being snubbed when asking legitimate questions, why is this?
Yes !!! I am happy SILVER & GOLD are going up !! However been stacking for yrs myself w/ plans to pass its ALL on to my sons . BUT….. a NICE Corvette !! is looking pretty good now days .. 😎🤷🏼♀️✌️ love ya kids . 🎉
I’ve got some silver should I sell some and buy some gold I had to sell an oz of gold for personal reasons I’d like to get it back in my stack or wait and see if it goes higher? I know you’re not a financial advisor all I’m asking is what would you do buddy?
Tomorrow, Friday, A) They pull the rug out B) They've pulled the proverbial rug out too many times, the world is in turmoil, and it'll Moon. One small problem, we'll win, but the vast majority will suffer, lose, lose. Peace
Dollar Tree is now going to be 1.50$ tree. Silver is going to be staying here, not to mention the demand in the industrial batteries that will rule the future.
I have around 44.5 ounces I’m 16 trying to buy a pc. Should I just sell and not risk it? I’m planning on making a game with the pc. (As in im going to sell within 2 months anyway)
Please go back down, I need more. LOL
Hunt for so called Junk Silver!!!!
Well it is Friday!
Did you buy last February?
@@numismaticstacker every month no matter what the price is
This price change isn't really changing what my personal goals are. It might be changing what I can afford in both metals, though
Be ready to stack food. Cheaper to buy now then later when there will be shortage.
I grow my own food and raise animals. I'll just keep stacking gold and silver.
To properly prepped, you have to stack G&S, food, water, medical supplies, Ammo, protection weapons, etc etc etc
I hope EVERYONE began storing extra food, meds, etc. long before now. If you haven't started, please do.
Too much main stream media will get the best of us 😂
You should always be stacking food.
When that GSR drops, I will definitely be doing more of a combination and if it drops good enough, I will shift all my focus to gold💯
The GSR trend line will continue to widen. You're likely to miss out on gold.
Shove those prices in Dave Ramsey's FACE!!!
If you don't hold it, you don't own it
Morgan silver dollars I think are better for owning than raw silver
Don't sell, hold
keep rising siler
I think Kitco is a little more accurate on spot price than bullion selling sites.
I concur!!!!
I would like to hear your thoughts on platinum. This could be a bigger buy than silver especially for those looking for portability.
Palladium too
Can’t wait for Harry’s update.
Traders are gonna pull their profits on Friday, that should cause a drop in price.
I've been saying this on my channel I feel like the underlying reason why silver is rising now it's because the federal government knows that they cannot put a cap on the inflation crisis. Besides that there is silver shortages and China's economy has collapsed and they are desperately purchasing metals
So the crash begins
Western currency?
Let it CRASH....😂. The longer we wait .the WORSE the crash!!
@@johngotti3487 The U.S. economy, I think----as well as probably nationwide bank failures.
Jinx
They'll keep things chugging along until the election.
If silver certificates still had value, they would be worth $30 in today's trash paper money. So if you are making $15 an hour today, it's like working for .50 an hour in the value of money backed by silver. Let that sink in.
I've been tugging on my bootstraps since 2009. I'm gonna make it one day
How much over spot would you pay for a 1 oz round or bar at your LCS right now?
Can't.... can only watch all this
@silverdragons I downvoted this video because I think you are mischaracterizing “a surge in silver”. Silver lags the gold moves. Gold moved first and this is “pulling” silver up in a leap frog effect.
I would characterize a “surge in silver” like this, e.g. If gold is flat to slightly up over a time frame, and silver gains 2x over gold in that time frame, that’s a surge.
All my own opinion of course.
i get paid every 2 weeks when its pay week prices go up off week prices drop every time lol
Same as me dude
I'm not getting fooled this time!!! Imma wait it out 👹
save your money so you can buy between the pay days on the dip. that's what I'm trying this time....
Im also going to stack up on some copper bullion.
Predicting bid and ask prices is a fools game. I agree with your dollar cost averaging strategy. What else you gonna do, sit on rapidly depreciating fiat?
Crazy, I'm going to keep stacking more and more
I will continue stacking when my cost go's back below 25
😂😂😂 $25 days could be over.
I don't it but think it's possible it could stay above 25 for a few years but it will go back again. Silver has always been volatile
I'll get excited when it hits $40.
I still smell dumpster 🔥 🔥 🔥 I think a dump is definitely coming but... what the better bet, cash or physical? think the supply could start getting hit, especially if the dollar weakens more. Hold on to yer buts, it's going to be anything but doldrums this summer. 🙏
It’s over $40 CAD 😂
I'll get excited at $100
@Truckson777
I am truly 😞... ya'll always seemed to get it dry first.
Meow, riddle me this? If you will?
What kind of mindset chooses 2 chick's on 1 coins, just to defy the prides between 2 nations? Are you kidding me? Does irony not kick a field goal with coin purse there? Or am I to patriotic?
Tuh!
Imho, the US Mint ain't sooo minty anymore. I'd rather buy more of the late Queens reign, and pre 2022 ASEs than buy their indignation of Crap!
Don't get me wrong, the type 2 eagle is symbolic enough to completely eliminate the existing problem in today's extreme leftist, wokeback, dehumumanized, freaks!
However, 2 chick's on 1 coin does not make us friends. Keep yer coin Yellenstain. And shut up! ManBearPyg!
@@LarsLarsen77
I'm happy for you. Cuz I'll be long gone by then, and a treasure hunt will have already discovered. But rumors....
Many more learning points. Thanks, Silver Dragon!
It was higher a decade ago. Meaning it could go back down. I want to see it hold upper $29s for a few weeks before I believe this is the new normal.
A decade ago it went up for virtually no reason compared to the economy today and where gold is
Silver isn't going backwards
OLD FAITHFUL!!!!!!!!
I looked up some price predictions, if it hits 31 it could dip back to 26 or 27.
I hope it goes back to $10 I want more
I’m buying platinum for now
Appreciate your time as always SD, thank you
The dollar is at support at the miners are near a long term resistance trendline. I don't think silver is going to push through $30 just yet.
Until it surges past $40, it’s not at it all time high.
It surged yesterday. It's lower today.
I get it, SD pays your bills..but NO one seriously uses anything but KITCO .. You know this.
Rate go down?? Man its gonna go up!!
Somewhere between the 3rd and the 12th of next month will be a low point, then back to high around the 29th.
How they fudge the true numbers, feel good, look around, we have crashed. Inflation, depression, recession all at once. 😅 thing the big depression was bad? Think ww2 rationing, and family gardens were bad? Yeah times it all by 7.
Thank you for the video
Great video! Keep up the good work!!
I think all silver and gold will overtime raise in price, just ignore all these economic skyrockets and drops, as the world runs out of natural resources all silver and precious metals will rise. Don’t sell!
I'm not going to do anything but buy until it goes over $60/oz. If I'm not at least doubling my money then I'll keep stacking.
I’d focus more on the GSR and when it corrects, convert into gold not back into fiat unless you wanted property.
I want low metal prices and higher interest rates ‼️💯👍🏻
When adding silver, buying ASEs and Maples. No bars. Still adding gold, just selectively. Again no bars. Still adding Pt as well a bit at a time.
I’m trying to understand what silver experts mean when they say silver is at 29.90 but if I look on a metal dealer site (money metals, apmex, etc., a silver ounce coin is between $36. - $42. depending on quantity? I find that confusing…
Price over spot is still getting higher and higher, No win.
The pump and and dump has begun
I see that you have had silver long enough to be cynical
I don't know if you can consider the G/S ratios "normal" at any point in time. It matters what the uses of the metals are. I think the case is worse for the value of silver as the industrial uses pick up, not better. If you have enough technical applications in the industry for silver, none of them are going to want silver to be expensive and they will lobby for it to decrease in cost, or they will find an alternative substance. Don't get me wrong, I'm on team silver! But the 20th century can hardly be used as a benchmark for the normalcy of the ratios. The applications were just not the same. The majority of the 20th century used silver for coinage, silverware, photo developing, mirrors, and jewellery. The electronics applications have to be more influential now than most of those markets.
Thx, great video with great info.
Silver to the moon. ❤🎉
I heard it was mars 😂
Woke up this morning and its as u said 👍
anybody able to amalyse the cpi by the old ' unaltered ' methode ?? would be interesting to get the real figure instead of the ' managed ' ..
I am still betting on a pull back. We have the summer pull back every year.
Yea pull back from $35 to $30 lol
@@rogeliobarraza1772a pull back to all time highs like back when the Hunt Bros hoarded
$25-26 silver soon
Just mens pick up more
Negative NANCY ...😅😅😅
I wish it would drop for a week or 2 again. Just got paid when silver jumped back up. Imma wait 2 weeks and see what happens 👀
@@SweetLeavesXbox1 Same here. bro
I bought 10 ASEs for $33.50 each yesterday. Still believe silver shpuld be $35. Though it does get harder to stack the more it goes up. Funny only less than 2 weeks ago it was $26 ish. I want one last pullback but i have a feeling we may jave seen our last of under $20 silver for awhile. Also i have already said bye bye to lower than $2000 gold when i bought for first time last year
Middle of the month, Siver rises . End of the month silver drops . Expect a pullback.
We need a rate cut; we actually need multiple rate cuts!
$44.50 here in Oz
I hope it holds and drops again😊
For the first time ever I was able to get a ton of silver before the price hike 😂
$30 is in the past now. Going back to $50 fast!
THANKS FOR SHARING
The reason gold is so high right now is because China is buying up all the gold in the world. They are trying to create the new gold standard and they’ve been doing this for a couple years along with the crashing Chinese dollar the crashing US dollar the crashing euro, that is so high because China is buying as much as they can
Just starting to get into precious metals so I subbed your channel.
Been recommended scottsdale mint, any other good mints out there that aren't the treasury?
4:45 that was marc baum though
If it was $30 in 2011, that means it was actually worth more per ounce than it will be when it hits $30 this time, coz inflation.
Just sold some at $27. Oh well, still exciting!
Lol
April 2011 $43.91
Great the market is flooded with silver and price being so high dealers paying back of spot so they don’t get burned once the bottom dumps out and like you said they are buying tons of Gold
@@nooneimportant779.. hahaha 😂
@@nooneimportant779that’s a very good point 🙁👌🏻
No crash,. Let it rise
Stack Strong 💪🏼
Silver dragon the sense of the coins. Such great information.
Sometimes there are no words to say, let's see what happens next. THE SARGE
Hi ho silver!
Silver like gold are only doing catching up.
I buy gold and silver when I have money to do so and don't waitvfor a hypothetical downside that often never comes. And what do you care if you bought your coin 50 cents cheaper when it's gone up by 10 bucks or more ?
Am currently stacking as many Maple Leafs and Britannias with Queen Elisabeth the second at the back. A much better investment.
From what the World Gold Council has said repeatedly for a year now, silver mines will be empty by 2028. Industrial demand made silver stocks go down by 400 000 tons in 2023. Silver shortage ? Most certainly.
Inflation adjusted 2011 is $72.
BLAST OFF .....🚀
What's Harry think?
since stakers dont sell why should we be excited about it costing more to get some
Confirmation that we're doing the smart thing?
XRP and Silver.
I have to ask a question because I was on WhatNot buying from Beach City coins and they were selling a toned coin for a lot money and I asked what makes that coin in the hundreds of dollars and they wouldn’t answer my question. I was asking because I don’t know and I thought it was a really nice coins and was thinking of buying it. I’m always being snubbed when asking legitimate questions, why is this?
Like Captain Renault, I’ll take what comes.
The fed is not going to cut rates dude
India 🇮🇳 is buying a massive amount of silver because a 6% increase that’s why silver price is increasing little by little
I knew $28 was that sweet spot of psychological resistance and once it broke $28 i knew $30 was right around the corner.
Seems like it can’t break through that $30 ceiling still though.
Yes !!! I am happy SILVER & GOLD are going up !! However been stacking for yrs myself w/ plans to pass its ALL on to my sons . BUT….. a NICE Corvette !! is looking pretty good now days .. 😎🤷🏼♀️✌️ love ya kids . 🎉
kinda want one myself!! esp with all these REPOSSESSIONS going on now a days!!!! MAY just end up getting one!!
If economy crashes, won’t silver and gold prices crash as well?
fingers crossed
I’ve got some silver should I sell some and buy some gold I had to sell an oz of gold for personal reasons I’d like to get it back in my stack or wait and see if it goes higher? I know you’re not a financial advisor all I’m asking is what would you do buddy?
Bought to dump all my silver for gold.
The bid price of silver still has never hit $30 this year
I'm buying anything under $50
Tomorrow, Friday, A) They pull the rug out B) They've pulled the proverbial rug out too many times, the world is in turmoil, and it'll Moon. One small problem, we'll win, but the vast majority will suffer, lose, lose. Peace
2 kg 🥈 to 1 ozt 🥇 sounds perfect but id trade if it gets below 70:1
30.55 now 0700 MST
Dollar Tree is now going to be 1.50$ tree. Silver is going to be staying here, not to mention the demand in the industrial batteries that will rule the future.
Gold was 200:00 a oz and 50 oz would you sale know or hold on it about two or three years on down the road
If silver typically follows gold then they're both going up because gold broke out recently
Silver take 14 years to recover to $30. I rather put my money in s&p500 ETF I am up 300% for 14 years.
just picked up 10 oz at spot from jm bullion , they have a 1 time deal per customer
At 4 PM EST it went down to $29.80
I have around 44.5 ounces I’m 16 trying to buy a pc. Should I just sell and not risk it? I’m planning on making a game with the pc. (As in im going to sell within 2 months anyway)
You would better buy some books about programming...😂.
If your just going to sell in 2 months you might as well sell now.
@@RogLotHotHoW for some clarification I started my game a year ago but my gaming laptop fried itself and started smoking so now I gotta buy a new one.
Pop goes the weasel $35 here we come
BUY enough SIlver to afford GOLD!!! ID pay 30 for silver!