Great video Brett, I love how you highlight the utility of the metals for industrial purposes in production and not solely on their shiny collectible attributes.
Correct. My daughter is new to this. The way I explained it to her is that when she buys gold and silver she is basically freezing the spending power of what she just bought minus the premium. This isn't one hundred percent accurate, but it serves across smaller time scales. Generational level scales compared to goods and services is the advanced class.
Most precious metals are sold without delivery. I'm sure that the same piece is sold hundreds of times, so we're not dealing with a supply / demand issue. We're dealing with a price manipulation issue.
The problem for us little guys is finding silver close to spot price. Paying premiums of $5-$10/oz over spot price eliminates any hope of turning a profit in a lifetime.
They did not mention the silver market manipulation. The point of that silver may be artificially depressed & more silver on paper is said to be in the market than actually available. I do know one thing, silver is not depreciation but my dollar is.
The fact that in 1980 silver reached $50 per ounce, equivalent to $183 in today's dollars, is just criminal. Just to show how horrible of investment gold and silver are, silver is only $25 per ounce in today's dollars. And people have the nerve to question whether gold and silver is price manipulated, Incredible.
I would argue the Hunt brothers left nothing more than a persistent anomaly in discussion groups, but a transient one in reality. The fact that so many still seem fixated by it, but would never pay those prices, seems to bear this out. Metals are best measured in what they are worth in goods and services via fiat conversion. By that yardstick they are very stable over long timescales. Put simply, 50-dollar silver was an attempted scam that quickly went bust and deserves to be in the same box with Enron or Bernie Madoff. Temporary manipulations can/do occur, but they don't last. I'd put ASEs in just such a demand hyped bubble category today. The Silver Eagle is currently a terrible buy. Just an opinion.
Yeah, but now usage of silver is higher than the supply for last 3 year. Meaning we are using more silver in industrial use now than we have in storage for the last three years and what mines are mining silver are drastically thinning out on the amount of silver being pulled. Therefore, in order for recycling silver or building new mines silver will have to spike up in price in order to make mining and recycling profitable. So you are actually out of touch with what is going on.
Should I use those cloth gloves when handling my coins? Would latex gloves be alright? I’ve just been washing my hands and making sure that they’re really dry all this time.
How would you sell your $300 per ounce silver? Pray you live in a state like Texas with a state vault offering a crypto exchange. They won't care how high silver gets. It's like a bank account where you can draw from in fractional amounts. I would suggest you buy another asset as quickly as you can before silver drops again.
Since the dollar is being hyperinflated to zero by runaway spending by DC, the "value" of a dollar will be "cipher," and therefore, there is no upper limit to silver priced in dollars.
Eventually demand will catch up with supply. Last few years we've used more silver in industrial uses than we've pulled out of earth. Demand is now greater than the supply and eventually prices has to go up.
The cost of a IMAX movie ticket will be $300 if silver goes to $300, because right now silver spot is what one IMAX movie ticket costs and silver freezes your purchasing power the time you buy it. How can silver go up but everything stay low, when it is runaway inflation and lost in confidence in the local currency, that causes everything including silver to rise dramatically?
If gold is at an all time historic high - silver should be there as well . There is illegal manipulation , that was PROVEN in a US Federal Court ! Last November the (3) men were supposed to be sentenced ! This IS the third year of a silver deficit . The country of India last year bought 40% of the planet’s total mine supply , of 2022 . New cutting edge Chinese solar panels are much more efficient - but require 3 times the amount of silver ; NOT LESS , as stated . No other element from the periodic table is as conducive of electricity as physical silver - PERIOD ! Or else they would have used copper by now ! Like the gentleman in these comments said - about $5.00 of physical silver in a cell phone . Negligible .
At a $100 an ounce - were it to be just a regular price and not influenced by a catastrophic event - inflation would be a serious problem in fiat. If this were to happen say within the next 12 months - your eggs wouldn't be $8 a carton, they would be somewhere around $75 a carton, and there would be massive pain to see such inflation happen in such a short time as one year. So keep that in mind, just because the price of silver may hit triple digits the rest of the world would be dealing with crippling inflation too. Would you sell an ounce of silver for a carton or two of eggs?
Remember silver will go in electric battery for car,,,,windshield from fogging,,all electronics,,,,,so silver become industrial and we possibly might not get to own it
Dude, if silver is $300 an ounce, that means by definition that millions of people are trading (buyers and sellers galore) at that price. So to speculate that it would be somehow very difficult to sell your silver at $300 per ounce, is a total lack of logic. Your displacing the future price of silver at today's market price, which of course no one TODAY would pay you $300 an ounce when everyone is buying and selling it at $25. That's like saying back in the 90's when silver was $3, imagining that someone would pay $25 per ounce for it. Well.....today is today, and tomorrow is tomorrow.
Thanks i like this honest review. I have a TA Crypto account on Twitter. I never post Bitcoin to the moon and click bates. I only post what i see in the charts. Not many out there do this.
If silver is 300 who is buying it when everyone is trying to sell? I am starting to think that the silver thing is a scam. A silver coin was 20 buks and could buy 2 sandwiches but now its still 20 buks but it only buys you 1 sandwich so how has your money's value been protected if you can only buy half what you could 3yrs ago ? Its lost value along with money
Great video Brett, I love how you highlight the utility of the metals for industrial purposes in production and not solely on their shiny collectible attributes.
So many people think the price of gold and silve goes up and down. The reality is gold and silver stay the same. Fiat currency goes up and down.
Mind blown 🤯
You’re 100% correct too.
Correct. My daughter is new to this. The way I explained it to her is that when she buys gold and silver she is basically freezing the spending power of what she just bought minus the premium. This isn't one hundred percent accurate, but it serves across smaller time scales. Generational level scales compared to goods and services is the advanced class.
Most precious metals are sold without delivery. I'm sure that the same piece is sold hundreds of times, so we're not dealing with a supply / demand issue. We're dealing with a price manipulation issue.
The problem for us little guys is finding silver close to spot price. Paying premiums of $5-$10/oz over spot price eliminates any hope of turning a profit in a lifetime.
it just went from $15 in 2018 to $29 in 2020.
Silver is not an investment. It's financial insurance against all financial risk including currency collapse or hyper inflation.
Like the music . . . EXCLNT information as well
Salute And Cheers To All Stackers
07
Ditto
They did not mention the silver market manipulation. The point of that silver may be artificially depressed & more silver on paper is said to be in the market than actually available. I do know one thing, silver is not depreciation but my dollar is.
Yup yup. You’re “spot” on. 😜
What does it take to get silver to $300?
$30 gasoline.
You can always use your silver for purchases…..meat, gas, etc. might be black market money but it will always hold its value…..always.
Exactly, when silver reaches triple digits more and more people will research silver and realize it and gold are TRUE money!
The fact that in 1980 silver reached $50 per ounce, equivalent to $183 in today's dollars, is just criminal. Just to show how horrible of investment gold and silver are, silver is only $25 per ounce in today's dollars. And people have the nerve to question whether gold and silver is price manipulated, Incredible.
I would argue the Hunt brothers left nothing more than a persistent anomaly in discussion groups, but a transient one in reality. The fact that so many still seem fixated by it, but would never pay those prices, seems to bear this out. Metals are best measured in what they are worth in goods and services via fiat conversion. By that yardstick they are very stable over long timescales. Put simply, 50-dollar silver was an attempted scam that quickly went bust and deserves to be in the same box with Enron or Bernie Madoff. Temporary manipulations can/do occur, but they don't last. I'd put ASEs in just such a demand hyped bubble category today. The Silver Eagle is currently a terrible buy. Just an opinion.
Yeah, but now usage of silver is higher than the supply for last 3 year. Meaning we are using more silver in industrial use now than we have in storage for the last three years and what mines are mining silver are drastically thinning out on the amount of silver being pulled. Therefore, in order for recycling silver or building new mines silver will have to spike up in price in order to make mining and recycling profitable. So you are actually out of touch with what is going on.
Thats because the hunt brothers bought it all up. The price WAS manipulated, thats why it was so expensive.
Should I use those cloth gloves when handling my coins? Would latex gloves be alright? I’ve just been washing my hands and making sure that they’re really dry all this time.
Cotton gloves are safest.
A suspended debt ceiling would be the catalyst for silver to sustain at those levels. Everybody knows you can't print money forever.
How would you sell your $300 per ounce silver? Pray you live in a state like Texas with a state vault offering a crypto exchange. They won't care how high silver gets. It's like a bank account where you can draw from in fractional amounts. I would suggest you buy another asset as quickly as you can before silver drops again.
Thanks for the video..
Too many people yiew stacking silver and gold as a way to get rich quick. I stack because I believe it's a more stable form of money in the long term.
Too reach 300 dollar silver, it would require a 210 dollar bankster price!!
( spot price)
Since the dollar is being hyperinflated to zero by runaway spending by DC, the "value" of a dollar will be "cipher," and therefore, there is no upper limit to silver priced in dollars.
Eventually demand will catch up with supply. Last few years we've used more silver in industrial uses than we've pulled out of earth. Demand is now greater than the supply and eventually prices has to go up.
The cost of a IMAX movie ticket will be $300 if silver goes to $300, because right now silver spot is what one IMAX movie ticket costs and silver freezes your purchasing power the time you buy it. How can silver go up but everything stay low, when it is runaway inflation and lost in confidence in the local currency, that causes everything including silver to rise dramatically?
If silver is $300 an ounce the imax probably won’t still be open.
My average is around 24 an oz right now...ill take 182 an oz lol
I have owned silver for a long time. I don't fall for pie in the sky future price estimates. Silver will rise in response to rises in the gold price.
I believe in barter and not in fiat...
I can tell you what it takes to get 300$ silver about 15 ounces or 100 years
Cheers 🥃
30$ would be a miracle.
If gold is at an all time historic high - silver should be there as well .
There is illegal manipulation , that was PROVEN in a US Federal Court ! Last November the (3) men were supposed to be sentenced !
This IS the third year of a silver deficit .
The country of India last year bought 40% of the planet’s total mine supply , of 2022 .
New cutting edge Chinese solar panels are much more efficient - but require 3 times the amount of silver ; NOT LESS , as stated .
No other element from the periodic table is as conducive of electricity as physical silver - PERIOD !
Or else they would have used copper by now !
Like the gentleman in these comments said - about $5.00 of physical silver in a cell phone .
Negligible .
He's outdated on silver use in solar panels. They've gone back to using original amounts. Tends to work better
At a $100 an ounce - were it to be just a regular price and not influenced by a catastrophic event - inflation would be a serious problem in fiat. If this were to happen say within the next 12 months - your eggs wouldn't be $8 a carton, they would be somewhere around $75 a carton, and there would be massive pain to see such inflation happen in such a short time as one year. So keep that in mind, just because the price of silver may hit triple digits the rest of the world would be dealing with crippling inflation too. Would you sell an ounce of silver for a carton or two of eggs?
My math may be off - but it's the situation I'm trying to explain.
No, but I'd pay off my house with some coins
Exactly automakers will switch from silver to copper in EV's if silver moved higher. This poor metal is doomed to never break out 😂
The car will weigh 500 lbs more.
What is a real price in 20 years?? maybe $ 55.00
I'll take that! I'll be almost at retirement age by then, lol.
Remember silver will go in electric battery for car,,,,windshield from fogging,,all electronics,,,,,so silver become industrial and we possibly might not get to own it
Dude, if silver is $300 an ounce, that means by definition that millions of people are trading (buyers and sellers galore) at that price. So to speculate that it would be somehow very difficult to sell your silver at $300 per ounce, is a total lack of logic. Your displacing the future price of silver at today's market price, which of course no one TODAY would pay you $300 an ounce when everyone is buying and selling it at $25. That's like saying back in the 90's when silver was $3, imagining that someone would pay $25 per ounce for it. Well.....today is today, and tomorrow is tomorrow.
Thanks i like this honest review. I have a TA Crypto account on Twitter. I never post Bitcoin to the moon and click bates. I only post what i see in the charts. Not many out there do this.
If silver gets to 300 its because people bought it at 299
It takes $300 dollars
If silver is 300 who is buying it when everyone is trying to sell? I am starting to think that the silver thing is a scam. A silver coin was 20 buks and could buy 2 sandwiches but now its still 20 buks but it only buys you 1 sandwich so how has your money's value been protected if you can only buy half what you could 3yrs ago ? Its lost value along with money
It would likely mean a much-devalued Dollar, relative to commodities. ='[.]'=
that price is never going to happen...... made 30x more on my crypto.......... silver and gold are by far my slowest growing investment.......
But if the system collapse and the leadership going to China this would be actual not fiction
What will it take? 100 years. If any humans are still alive, in 100 years, it will be 300.