Bullion Dealer Warns About When Silver Explodes
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- Опубликовано: 7 мар 2024
- In this video I talk to a bullion dealer about silver price and what happened the in the 70s when silver price exploded. We talk about gold price hitting an all time high and how demand for gold is picking up. We talk about how silver price is still relatively low and how silver price can go a lot higher than it is right now. We talk about where gold price can go from here as well. If you are wanting to start investing in gold or investing in silver then this is the video for you. This coin shop video focuses on silver mania and gold price. Gold continues to raise its all time high day after day. Silver price is still half of its all time high. Where are silver and gold going from here? If you want to watch more videos at Harry's Coin Shop click the link below:
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Topics I cover in this video: silver mania, silver news, silver price news, silver price, gold price, silver undervalued, is silver undervalued, silver price potential, gold price all time high, gold hits an all time high, silver and gold price, gold and silver price, silver stacking, gold investing, silver investing, silver dealer, silver shop, coin shop, coin dealer, coin store, coin shop owner, coin dealer, silver bars, silver rounds, junk silver, silver bullion, coin shop video, Harry's coin shop, silver, gold, precious metals, silver, gold, coin, coins, coin store, silver store, silver shop
#silver #gold #silverstacking
It is awesome how far along Ricard has come along. His confidence has definitely grown.
Good for us viewers as he has a lot of knowledge to share.
I feel Richard is quite brilliant
Richard is very personable and the haircut looks great!!
😂
The tism is string with that one
Lines happened in Tucson in 1980. The problem with this is that silver then tanked for years. Started collecting in 1964 in Eugene Oregon with my beloved grandfather. I still have the coins he gave me.
Hi, how many years did it take for silver to come up in price?
I started collecting in 1965, I just didn't have many resources at 10 years old.
@@soraidadiaz9108 1979 silver was 7.25
If you bought in 1979, and held until today,
your net return, adjusted for inflation,
is MINUS 24..978%,
meaning you lost 25% of your money's value
over that time period, or 0.64% per year.
Thought silver was a store house of value?
How is that possible, if it lost 25% in value
over that 45 year time period?
I remember when I was in Elementary school (late '70's,) my parents would send me to school with a half dollar to pay for my lunch. They used to get rolls from the bank and they would let me look through them for silver and then keep it. I found quite a few. If only we could have done it on a larger scale back then, but we were definitely not well off. Looking back, I'm kinda surprised they could even afford to let me keep the silver ones I found. That must have been a sacrifice for them.@@Hawkeye2001
Fantastic ❤❤❤
In 1976 I went to the jewelry store to pick up our wedding bands. He told me I would have to pay for any increase in the price of gold. Gold in October of '76 was $115.00.
Cheapest I remember was 176…I believe it was late 70’s.
When the Hunt brothers started their game, I was in my early 20s. I watched my coin collections I built as a kid turn into melt value. The first week of February I bought $1040 worth of sovereign silver. I bought 2 gold Krugerrands and 2 gold Buffaloes. It appear lady luck was on my side. I’m finished buying until a major pull back occurs. I have plenty to hold me over.
My Dad was a turquoise cutter during the 70's in N.E. Az. and was a silver smith as well. He had 3, 3 lb. coffee cans full of scrap silver. Full! I was watching the silver price and we ended up selling 3 days before it tanked. It was a real bonding experience for me and my Dad.
I started stacking three months ago and will continue. Silver has more upside, and I am buying while it is still relatively cheap. Once it breaks out, we will never see it this low again.
Maybe... Maybe not. If the economy and the market remain OK you should see silver start catching up and overtaking gold. But if the economy stalls and the market undergoes a significant correction silver will likely go down in flames.
1979 silver was 7.25
If you bought in 1979, and held until today,
your net return, adjusted for inflation,
is MINUS 24..978%,
meaning you lost 25% of your money's value
over that time period, or 0.64% per year.
Thought silver was a store house of value?
How is that possible, if it lost 25% in value
over that 45 year time period?
I remember buying silver rounds in tubes for $7.00 for round. The talk was it would hit $14.00 in a couple years. I saw it drop from 8 bucks to $4. Had to wait almost a decade for it to get back to $8 and dumped it. Now I’m thinking less than 10 years later it’s $25 bucks. Crazy
@@theboringchannel2027 I agree. Adjusted for inflation silver is still cheap after all these decades. However, we know the price of silver and gold are manipulated. I think the true value of both medals is much higher. We have to determine the true value, regardless of what we are being told.
@@BA-lt2tx Nope.....when the SHTF pre '65 silver coins will be what people want for barter. It's easy to recognize and carry around and because industry is using Silver up daily, it's getting more rare by the day. Gold is just being hoarded or made into jewelry (not being used up) so it's not becoming more rare.
The minute Harry said, "In 1979..." i knew we were in for a history lesson and some serious wisdom. But when he asked the rhetorical question, "Why are they lined up? And should i line up?" -- that made me laugh! I remember those days too. I have an idea about this current run on gold. I think we have arrived at a unique synergistic moment in which the election year, the stock market, the value of the dollar, the Fed rate, the numerous giant retail chain store closures, conspiracy theory prepping, memories of Covid, memories of the real estate and bank crash of 2008, the war in the Middle East, Costco and Walmart bringing gold into the mass market, the Year of the Dragon being traditionally a year of wealth, Chinese cultural interest in gold stacking, the drug and side-hustle fueled cash economy, and the RUclips algorithm have all come together to say, "Gold: It's not just for stackers anymore." Tulip mania at its best.
We were getting 300 dollars a load for copper back in 79
Great list! I'd also like to add the Federal deficit, the interest on the Federal debt soon eclipsing our entire defense budget, 11 trillion in treasuries resetting this year that will rapidly accelerate the interest on the Federal debt even more, the possible confiscation of Russia's 300 billion in dollar holdings which will make holding dollars less attractive to foreigners, Jared Bernstein who is Biden's Chief Economist and Economic Advisor desire to dethrone the dollar as the world reserve currency, BRICS, inflation, silver being vastly undervalued when you consider this inflation, Gold being scooped up by Central Banks around the world, currency resets in Argentina and more recently Egypt, socialist policies in America that will cause even more money printing, Ukraine, Israel, and the Red Sea along with possible hot spots in Iran, the Korean Peninsula, Tawain and South America, the cancellation of the bank bailout program on Monday, and finally Powell admitting this week that more bank failures are coming.
My price target for Gold is 2800. My price target for Silver is 56-70.
@@ComicLover-oj5sv Wow, those are, great additions to the list! Also add that gold is shiny, pretty, and unexpectedly heavy for its size, which makes it cute, while silver has a soft glow and feels so nice and silky when rubbed with the hands. And that about says it all.
@@ComicLover-oj5sv Do you see those prices happening this year? Or is it something you're looking at in two to three years?
Bitcoin is the tulips
Keep making these great videos dudes! You all are great. we appreciate the work you all do!
Keep the great content coming Silver Dragons! And big thanks to all of Harry's crew! I appreciate you all, and the hard work you that you all put in to help educate the precious metals stacking community! I literally hang on every word of these videos. This is the best and most informative precious metals RUclips channel on all of the interwebs!
Thanks Silver Dragons. My husband and I enjoy your show and listening to Harry sharing his knowledge
Get ready, because silver, is about to explode, any DECADE now!!
It's on the move right now pally
@@DrMatey215 Temporarily, yes!
@@josephsettle8558 hope you're not left holding the bag when silver hits $75
There is a PRESENT arbitrage between the Shanghai exchange and the crooked COMEX . 10% to 12% .
So things are a changin’
1979 silver was 7.25
If you bought in 1979, and held until today,
your net return, adjusted for inflation,
is MINUS 24..978%,
meaning you lost 25% of your money's value
over that time period, or 0.64% per year.
Thought silver was a store house of value?
How is that possible, if it lost 25% in value
over that 45 year time period?
Another terrific trip to Harry's Coin Shop. Thank you.
Always love hearing harry and the guys thoughts! Thank you!
In the 60's i was going the johnatons with my dad for his little auctions he had- I do remember he had a gun shop tied to it- It was on manchester in inglewood- I loved looking at the old 1911 45's
Love listening to you guys so glad you put these videos together really helpful 🇬🇧
Good visit with Harry and 🫅🏻 Richard.
Great content silver dragons 🐉 🔥 🔥
Always love visiting Harry and boys! It's like family.... the kind you enjoy being around.
With the current gold/silver ratio I'm stacking silver.
I think we all have more time to stack at these fair value/under valued prices before silver finally takes off. We will be back to the $22.50 range in no time. Patients is key here never be in a rush to buy your precious metals is one thing I have learned over the years!
Patients is what a doctor has in their office. Don't need any more of those.
I appreciate the advice but it's real. I actually bought four 1 ounce gold eagles and two 1 ounce gold maples from the same private seller. They said if I bought them all in cash they'd give me a really great deal. I kept 1 eagle and gave another eagle to my dad and sold the other 4 coins immediately. I go to estate sales, garage sales and thrift shops etc and you'd be surprised at the deals you can find under spot. I once bought a $5 gold liberty head in a 14k bezel and chain for $10 at a garage sale and the lady knowing it was a gift from her father said she was sure it was real and it was. I've been buying gold/silver for a while now so I pretty much know what to look for. I still get second opinions though sometimes.
@@drewmcclintock7034 I appreciate the advice but it's real. I actually bought four 1 ounce gold eagles and two 1 ounce gold maples from the same private seller. They said if I bought them all in cash they'd give me a really great deal. I kept 1 eagle and gave another eagle to my dad and sold the other 4 coins immediately. I go to estate sales, garage sales and thrift shops etc and you'd be surprised at the deals you can find under spot. I once bought a $5 gold liberty head in a 14k bezel and chain for $10 at a garage sale and the lady knowing it was a gift from her father said she was sure it was real and it was. I've been buying gold/silver for a while now so I pretty much know what to look for. I still get second opinions though sometimes.
I just wanted to say thank you for your videos. They are so informative and I have learned so much about every aspect of stacking. Thank you sir!!!!!!
Excellent report 💯
I appreciate that you ask the individual employees their thoughts and perspectives as well 👍
Yeah ; I was wondering if anyone else picked up
on that …
Great interview awesome coin shop!!
WOW!!! i was there at Jonathans!!!! it was insane!!!!! sold silver while in line.
SD, you hit the nail on the head with the word stability and the elderly and gold.
Wow nice opening for the video, Harry's is now on the MAP good to have another shop make it Big like Yankee and Tim in NH.
Another great video with Harry and Richard.
You buy silver now and trade it for gold when the ratio goes down.
I have been thinking that way for years. Still waiting for the ratio to go down. I haven't been able to do it yet.
@@user-ee6iq7wc7y same, so I just keep stacking the silver
1979 silver was 7.25
If you bought in 1979, and held until today,
your net return, adjusted for inflation,
is MINUS 24..978%,
meaning you lost 25% of your money's value
over that time period, or 0.64% per year.
Thought silver was a store house of value?
How is that possible, if it lost 25% in value
over that 45 year time period?
The ratio will never go down. If it does, it will be minimal. My opinion only.
@@OverlandUSAHD it does fluctuate, I doubt it will go below 50 to 1 tho
Just picked up a Canadian 10 dollar silver coin with a Kraken on the back for bar price ... love the used silver box
Im going to my LCS to pick up some silver today. Silver has more room for gains.
Way more room ! Silver lags but everything is positive - massive deficits included.
1979 silver was 7.25
If you bought in 1979, and held until today,
your net return, adjusted for inflation,
is MINUS 24..978%,
meaning you lost 25% of your money's value
over that time period, or 0.64% per year.
Thought silver was a store house of value?
How is that possible, if it lost 25% in value
over that 45 year time period?
Imagine those who were clever enough to have bought in 1979 and then sold in 1980 at $50. They 6X'd their money. It's easy to focus on the negative when price suppression has been so prolific for so long. Silver's time will come and it will blow people's minds.@@theboringchannel2027
@@theboringchannel2027 Not sure about your math there bud. In 1979 the minimum wage was $2.90/hour which means silver was around about 2.5 hours pay per ounce of the minimum wage. Today the minimum wage is $7.90 which makes silver about the same against the minimum wage or slightly better even, which means that silver purchased in 1979 would have made the money invested inflation proof.
@@theboringchannel2027Having precious metals as insurance against geopolitical/economic shock can be considered a wise move.
Silver has been 'exploding' ever since people who are sponsored by SD bullion started being sponsored. Buy to hedge against inflation, not to get rich.
This. Precious metals sold as good investments are over hyped by doomsday preppers and people who think the world is going to end. I feel like there is some primal urge for guys to horde gold and silver and bury it under there house and guard it like a dog. Precious metal demand comes mostly from the tech sector, something people don't think about as the two do correlate price wise when things go down or up like now. In general it would be much better to put it in a high yield savings account, or even better diversify that with some ETF's, then as you say gold is a good hedge against inflation. Just my opinion.
@@felixthecat580 a commenters entire opinion is entirely negated if they can't spell their. makes you wonder how intelligent they are.
Love that the silver channels help these coin shops get some publicity. 👍🏻👍🏻👍🏻👍🏻
Great video, i keep trying to inform the people
I started stacking 1 year ago when silver was over $25 per ounce. It peaked out at $25.90 in May. I didn't know better and bought about 1/3 of my current stack during that month. Gold was at $2002.
Don’t worry bro.
Just stack when you can
1979 silver was 7.25
If you bought in 1979, and held until today,
your net return, adjusted for inflation,
is MINUS 24..978%,
meaning you lost 25% of your money's value
over that time period, or 0.64% per year.
Thought silver was a store house of value?
How is that possible, if it lost 25% in value
over that 45 year time period?
Always happy to see a new video from Harry, Richard & the guys...they're starting to feel like family.
Make new friends, but keep the old...one is silver & the other gold!
lol used to sing that in grade school.
i can’t wait to go back to oregon again. i will make sure to visit harry because i like him. good people deserve good business
I really enjoy listening to Harry
I’m saving and collecting my silver for a long time
I love when Uncle Harry tells stories. I could listen to a channel of just Uncle Harry's stories
I wasn't around for the earlier silver explosions but I do remember 2011 quite well. Lots of sellers and surprisingly lots of buyers. I guess we'll see what happens when silver starts to climb!
I’ve seen lines going around the block before when Covid hit in Denver the dispensary lines were crazy!
Always good information.
Always nice to see harry in a video c:
Thank you gentlemen for the video.
Nailed It! 👍
1979 silver was 7.25
If you bought in 1979, and held until today,
your net return, adjusted for inflation,
is MINUS 24..978%,
meaning you lost 25% of your money's value
over that time period, or 0.64% per year.
Thought silver was a store house of value?
How is that possible, if it lost 25% in value
over that 45 year time period?
For some reason, I feel like this is one of the best interviews that Silver Dragons has done...
Thanks harry these times are so unpredictable so people you need to have gold and or silver to take care of your family guys !!
I had no clue you where located in Beaverton. I will have to stop by! I sold all my silver in 2011 and I inherited y collection in the 90’s.
It's always nice to hear what people are buying from the shop. Today was especially good because I'm struggling to decide which direction to go. It sounds like no choice is really a bad one right now. Thanks for keeping us informed SD! 🙂
Johnathan's was in Inglewood not el segundo ca. On Manchester. Close to LAX like you said. Its called CNI now. They have the best precious metals deals and inventory in the area.
Exciting times!
I wanna see a video of Harry, Tim, yankee and silver dragons together! It would be spectacular!
Couldn't agree more with you guys......not that I don't love gold, but silver is where its at! 8)
1979 silver was 7.25
If you bought in 1979, and held until today,
your net return, adjusted for inflation,
is MINUS 24..978%,
meaning you lost 25% of your money's value
over that time period, or 0.64% per year.
Thought silver was a store house of value?
How is that possible, if it lost 25% in value
over that 45 year time period?
@@theboringchannel2027 in 1978, Silver's closing value was $6.02/oz. 45 years later in 2023, value closed at $23.79. The average earnings of $0.395 per oz, per year during that timeframe was over 12% versus an average 3.6% inflation rate...and that doesn't take into account numismatic (intrinsic) coin values; ever try to buy a proof or BU limited mint coin from that timeframe? A 1979 Susan B (D) in pristine condition sells for over a grand...not bad for a buck, eh? Morgans in BU condition go for hundreds, And we won't even cover Britannias, which only date back to 1997. 8)
I like this show, I learn something each time.
In 1980, I was a kid with a coin collection. Dad took me to a coin dealer and he offered me $200 a roll for some OBW JFK 64 halves. I declined because I figured the spot silver was worth about $300+ a roll. That was a lot of money to turn down. Glad I kept them. It was crazy. One coin dealer friend of mine told me his dad saw a bank box of Unc walkers go to the melter. There was just so much. I remember two Uhauls squatted down with silver from buying in a large building at Washington Courthouse, Oh. Crazy. Lots of good coins were lost.
Those JFK halves are the most common !
@@jimgoodreau1245 I was 11. Dear Lord
@@jimgoodreau1245 Maybe you didn’t comprehend that I was only offered 2/3 of the silver price at the time.
@@kd6836 sellers were looking for a quick turn around, as soon as you exchange he had somebody lined up
Love it!
❤👋😁 HI guys! Good to see you!
It's really disgusting that you have to throw in that you have to think of the dirt bags praying on your customers trying to get into your store!! Another good vid! Love listening to you and Harry and the guys talking!! Always good to gain knowledge!!!!
Great video buddy
Harry needs a video screen out front showing the Chinese lined up around the block buying gold and silver recently.
✔️
way to go Harry, glad your still around and telling it like it was, because its happening again, Gold could easily do a 20X in the next couple years. markets are like 1999, gold like it 1979, and the all time bubble everything denial is like it was in 1929. Bit coin, which is a dream come true for PT Barnum, is the most intrinsically empty coin you could possibly buy.
1979 silver was 7.25
If you bought in 1979, and held until today,
your net return, adjusted for inflation,
is MINUS 24..978%,
meaning you lost 25% of your money's value
over that time period, or 0.64% per year.
Thought silver was a store house of value?
How is that possible, if it lost 25% in value
over that 45 year time period?
Dont buy then, ill take it all @@theboringchannel2027
Unfortunately, central banks are not buying silver.
So what? They're buying gold though.
Or fortunately because the price would be way high and we wouldn’t be able to buy it cheap as now.
Not yet
My aunt and uncle lived right next door too Jonathan’s coins - I remember my dad and I going in there a couple of times in the early 70’s. There was also a bodega and video store near- the apartments my family lived in is gone now just a motel
incredibly friendly people!!! If I didn't live thousands of kilometers away (Austria), I would come by and buy too.
A lot of good questions that I would have asked. These were the answers I was looking for.
1979 silver was 7.25
If you bought in 1979, and held until today,
your net return, adjusted for inflation,
is MINUS 24..978%,
meaning you lost 25% of your money's value
over that time period, or 0.64% per year.
Thought silver was a store house of value?
How is that possible, if it lost 25% in value
over that 45 year time period?
Today - Gold up $16.70. Silver down 5 cents. Sounds about right.
WTF ?
That makes ZERO SENSE !
@@rudeawakening3833 - It makes sense. Yes it does. Gold is a tier 1 asset. Silver is a dirty industrial metal.
With the 'Gold to Silver ratio' at almost 90 to 1? _When it should be around 20 or 30 to 1?_
How can anyone *NOT* be buying silver? *People are NUTS!*
There is no ratio that matters. You guys have got to stop using that. The only reason there was ever a” ratio “ is because it used to be LEGALLY mandated. It hasn’t been for a long time. Totally different uses, recycling rates, collection etc.
@@TheBajamin Actually? There's a VERY GOOD reason to use it.
It shows you how undervalued silver is.
If metals were stopped being manipulated tomorrow, and they moved to their *_TRUE_* value?
I would make more profit on my one ounce of silver than you would make on your one ounce of gold. As gold increases in cost while silver stays the same? Your profit margin shrinks while mine increases.
_Do I really have to tell you all this?_
@@oregonpatriot1570hope you are 8 years old?
Only chance you'll have to live to see silver worth anything!
Well, I think @1793 the U.S. govt. Coinage Act established a 15:1 ratio. Of course that was before central bank and govt. manipulation. We need a hard reset by abolishing the fed and going back to gold backed treasury notes. And historically even the Roman Empire and other eras had the ratio range 15/12:1.
@@dirkvanerp7332Holds value better than the dollar though
Glad I bought a 1 ounce gold eagle for $1,580 last March.
I would have your coin checked, since you paid under spot
price when you bought it,
unfortunately its likely FAKE.
Why would someone sell you a coin for LESS than spot price?
@@theboringchannel2027 not to worry it's real. I buy most of my gold/silver from estate sales, yard sales, thrift stores and antique shops. You'd be surprised what you can find for under spot. I once bought a $5 gold liberty head coin for $10 at a yard sale and have gotten pre 65 silver coins for face value. I've been doing this long enough to know pretty much what's real and what's fake. I still had it looked at by someone else in the business just in case. I bought 4 gold eagles and 2 maple leafs from the same private seller. Kept 1 eagle and also gave 1 eagle to my dad.
@@theboringchannel2027 I appreciate the advice but it's real. I actually bought four 1 ounce gold eagles and two 1 ounce gold maples from the same private seller. They said if I bought them all in cash they'd give me a really great deal. I kept 1 eagle and gave another eagle to my dad and sold the other 4 coins immediately. I go to estate sales, garage sales and thrift shops etc and you'd be surprised at the deals you can find under spot. I once bought a $5 gold liberty head in a 14k bezel and 14k chain for $10 at a garage sale and the lady said knowing it was her fathers she was sure it was real and it was. I've been buying gold/silver for a while now so I pretty much know what to look for. I still get second opinions though sometimes.
@@theboringchannel2027 I appreciate the advice but it's real. I actually bought four 1 ounce gold eagles and two 1 ounce gold maples from the same private seller. They said if I bought them all in cash they'd give me a really great deal. I kept 1 eagle and gave another eagle to my dad and sold the other 4 coins immediately. I go to estate sales, garage sales and thrift shops etc and you'd be surprised at the deals you can find under spot. I once bought a $5 gold liberty head in a 14k bezel and chain for $10 at a garage sale and the lady knowing it was a gift from her father said she was sure it was real and it was. I've been buying gold/silver for a while now so I pretty much know what to look for. I still get second opinions though sometimes.
I appreciate the advice but it's real. I actually bought four 1 ounce gold eagles and two 1 ounce gold maples from the same private seller. They said if I bought them all in cash they'd give me a really great deal. I kept 1 eagle and gave another eagle to my dad and sold the other 4 coins immediately. I go to estate sales, garage sales and thrift shops etc and you'd be surprised at the deals you can find under spot. I once bought a $5 gold liberty head in a 14k bezel and chain for $10 at a garage sale and the lady knowing it was a gift from her father said she was sure it was real and it was. I've been buying gold/silver for a while now so I pretty much know what to look for. I still get second opinions though sometimes.
I like silver, gold you can't break apart easily. Silver for everyday item, gold for large purchases houses and cars. Silver under $25.00 is a bargian!!!!
you buy houses and cars with gold?
He “ meant “ liquidation of the precious metals and his personal strategy .
Yes I've bought cars with gold and traded for firearms@@johnnnoise
1979 silver was 7.25
If you bought in 1979, and held until today,
your net return, adjusted for inflation,
is MINUS 24..978%,
meaning you lost 25% of your money's value
over that time period, or 0.64% per year.
Thought silver was a store house of value?
How is that possible, if it lost 25% in value
over that 45 year time period?
Problem with lining up is it puts a target on your back by alerting others that you stack .
I love these videos. I want boots on the ground because the last place I want to go is my local pawn shop. I haven't found a coin shop that close to me and haven't ventured out to go find one. But the pawn shop does not pay nearly enough for what you have to sell and they charge too much premium to buy and aren't transparent. Harry is trustworthy, but I won't be in Beaverton anytime soon LOL
Just ordered constitutional silver and couple goldbacks. Can’t wait until they have some for my state.
Im so happy I sold half of my silver stack years ago and bought more gold
It's really interesting listening to people in the US talk about silver. In the UK it's not such a good buy due to VAT and to take advantage of the ratio or price changes is a dicey game. The way I approach it is buy gold whenever I can afford it and buy silver just so I'm not spending on crap. Over the last year my gold buys are 15% up over qhat I paid and Silver is about 20% under. It's a stark difference. Both will sit there forever unless there's a stock market crash and I liquidate to buy stocks and shares cheap
If you're standing outside a shop like harry is saying thats a good time to have a side arm on ya to protect yourself as well as your treasure
Here in the Portland metro area? It's *ALWAYS* a good idea to be armed!
What typically happens when gold jumps up in price, there is a huge sell off, and the price drops.
I wish HARRY would do his OWN show!!! WITH his guys there!!!
Speaking of lines , i was driving down a main street to buy silver dimes and quarters , people were lined out the door at a famous Cuban bakery at lunchtime
Love this Channel and Harry, best channel on precious metals by far. I liked Yankee until he started pushing mining stocks and overpriced 1/10th ounce silver bars, and other ventures. Only been stacking for 10 months, and bought gold first then switched to silver. Now I have a 50/50 mix.
Luv the channel
Good common sense video 👍🏻❤
Interesting time's for sure!
As a financial advisor who has focused on PMs for years. Clients are beginning to see the picture and believing that this bull market in PMs is REAL.
1979 silver was 7.25
If you bought in 1979, and held until today,
your net return, adjusted for inflation,
is MINUS 24..978%,
meaning you lost 25% of your money's value
over that time period, or 0.64% per year.
Thought silver was a store house of value?
How is that possible, if it lost 25% in value
over that 45 year time period?
I live in Utah. Love the Gold Backs!
Harry is an OG
I coincidently started looking into collecting during this peak, im so glad i didn't rush into...kind of scared to commit atm but i think some silver coins seems safest way atm...Side note, silver coins or silver bar?
I've been thinking as it gets harder and harder to come up with physical is when price finally breaks out big. This was not common since I've been stacking but seems to be more prominent. Or the markup is wayyyy over spot.
Always enjoy Harry’s shop videos.
These guys are so cool
Premiums on fractional gold are always high but they about to get stupid high.
Since March 1st, Gold is up 5% and Silver is up 10%
I agree silver is still a good buy and I’ll continue to stack that until Gold has a price correction. I am missing out on anything right now cuz I buy low and sale high lol
Silver is undervalued. Period.
That's one question I have. Why would I invest in something that is undervalue? And I know the price is manipulated.
@@akauknowbetta do what you want, but the idea is, the value grow when it's realized
I bet next week at the big coin show I go to silver will go up lol
Ya gotta be packin' HEAT, gentlemen.
Gotta love Goldbacks! :)
🤡
Has anyone ever left a silver coin as a tip? Not like constitutional silver but like a silver eagle. I think it would be interesting to tip someone with a silver coin and see how they react or have them pick between a $20 bill and a coin and see which they choose and why.
I have- to one of the younger girls at the lounge I used to go to.
I remember like a year later she came up to me a thanked me over and over again.
She was a immigrant , lucky to have gotten to American.
I left her a ASE.
She still had it after a year, probably still has it.
It was differently worth it to see her face light up .
And the fact that after a year she told me how much she appreciated it.
Americans tip too much! Do not tip if you visit Australia ok. Got it.
Going to purchase a few more ounces of silver tomorrow before it rises much more. Have a lot of US fractional silver, but decided to get a few more ounces, Silver Eagles if I can get them, but Maple Leafs will work also.
5 or 10 oz silver bars are good options too :)
1979 silver was 7.25
If you bought in 1979, and held until today,
your net return, adjusted for inflation,
is MINUS 24..978%,
meaning you lost 25% of your money's value
over that time period, or 0.64% per year.
Thought silver was a store house of value?
How is that possible, if it lost 25% in value
over that 45 year time period?
@@silentbliss7666True Silent, but I prefer smaller amounts as I think they will be easier to sell back, or trade, when it comes to it!
@@theboringchannel2027I don't buy Silver as an investment Boring, I buy it as insurance!
Ugh, I'm not ready yet. I just got into stacking, I need the price to stay low a little longer lol.
Make sure when the time comes and you go to your LCS to sell your gold and silver, you are also carrying iron and lead!
What do you mean?
@@silentbliss7666seriously? He means a firearm for your protection from the scourge of the world.