Silver’s industrial prospects will far exceed its monetary prospects in the future. Gold has been designated a tier one asset by the BIS. Pretty soon it will be the only tier one asset, as the dollar and treasuries melt like ice cubes.
@superstar5123 Yes, I watch the price every day. Ultimately, I hope to see silver near $100 by the end of the decade. Perhaps it doesn't get there in my investing lifespan. I'm willing to wait it out, but the last 8 years have challenged my conviction.
That's interesting, I personally never tune out just because someone says one thing I disagree with, they may have other information that is useful to me.
OK so... He compares silver's 'stock to flow' to oil. I don't know if this was just an off the cuff reference, a moment of levity, or just trying to make Bitcoin look good. Total storage of crude oil is apparently something like 7.5 billion barrels. Lets double it to be safe. 15 billion barrels. Annual production of crude oil is in the ballpark of 34 BILLION BARRELS. That is a stock (15 billion) to flow (34 billion) of under 0.5. That means IF the storage space existed, it would only take half a year to DOUBLE existing oil, stored. But oil is notoriously difficult to store (because of how much space it takes up). Now for silver, the stock to flow is given at around 22. Can you see the difference between 0.5 and 22? A factor of 44. Gold's stock to flow is 70. Difference to silver is a factor of under 3.5. Long story short, the above ground supply of silver increased by about 3.2% a year. With oil, the issue is the large flow. With silver, it's a case of depleting stock. My last point would be in regards to price volatility of silver. How much of that is 'natural', exactly, and how much of it is induced by large financial institutions, who have tried 'questionable' methods to keep the price down?
Peter seems to be out of his mind. Gold has a real value of what? 20 to 30 Dollars? The Rest is Speculation? Man, this is pure nonsensical, as long as the average home price isn't at 5.000 Dollar. The price of Gold relates to the value of the currency use to buy it. In other word's- Gold has its intrinsic value. Gold doesn't care about Speculation. It is the ultimate Value and every currency relates to this Value - not the other way around. You have to think twice Peter. You are wrong!
Neil McCoy Ward did a mini-series on the great depression. He read from people's diaries and there absolutely was starvation. People died from malnutrition. It wasn't a common occurrence but the fact that it happened at all is shocking. When this guest said there was no starvation I lost confidence in everything else he said.
Trusting gold audits is silly. Who knows how much actual gold is held by various players. It is joke of a market unfortunately. Barely a hedge against fiat inflation much of the time 😢.
Lol, I happened to just look up 100 year housing inflation adjusted today and it shows current prices are twice the historical mean and have never been higher.
Not sure silver's "stock to flow ratio" is the burden Peter thinks it is. It isn't like flow is increasing. And I would be very interested to see at what rate stock is decreasing. For a few years now we have been in deficit. Another thing to keep in mind. Silver is considered a 'poor' store of value because it is large, per say every $1000 stored, compared to gold. But as it goes up in price that begins to work in its favor...
What land am I going to be able to grow food on? What farm equipment can I afford? What about pesticides and fertilizers, the soil is infertile. Not to mention the cost of water. Also, growing seasons are becoming shorter and shorter with the weather becoming more erratic and unpredictable. Growing your own food in any meaningful amount is impossible for the vast majority of people, i am confused as to the amount of people that seem to think everyone will be growing food. If anything, there will be less food grown while the population continues rising
@@superstar5123Show me your water abstration rights? Unless it going to be rain feed agriculture. Rain feed agriculture of agrarian cereal corps is characterised by relative low yields per acre, espically if you do not have sufficent nitrate prill & rock phosphates, or heavy Diesel engined tracked machinery if you doing heavy clay soils. Doing it the Amish way can't support even 25% of current numbers at current lifestyles. Industrial scaled agriculture with heavy industrial inputs is necessary or we all starve. 😊
I am a bit surprised, that Peter says "Gold has a 12% chance to become money." Gold is the only existing money in the World Peter - 100%. I don't make that up - it is a fact. Currency's aren't money Peter. Its about time for you to get that.
I need your help please it has been such a tough life for me how i wish i would have known the strategies and trade like you..am from kenya and things are just getting tough on my side, I want to help my family they are really struggling
37:47 Great takes on politics here at the end with everything. Things did indeed flip. The masks were off. It's insane to see. But I've seen plenty of people waking up! Sure, way too many haven't, but history will absolve the sane and show just how terrible the insane are.
Absolutely, where I live in Serbia almost no one trusts their government or media and any government directives are looked at through that lens of distrust. Same with most of the Balkan region and many other parts of the world.
I think there are fundamental problems with goldbacks. They look nice and I can see the logic behind collecting them, but I do not see them circulating as currency.
Countries aren’t going to use bitcoin to settle trades. Just stop.
Soros not EVIL??
Most defintely not evil, grossly deluded in his world view.
I would personally call George Soros evil.
We are not talking about a long hyper inflation, we are talking about currency collapse, a sovereign debt crisis, a new monetary system.
Silver’s industrial prospects will far exceed its monetary prospects in the future. Gold has been designated a tier one asset by the BIS. Pretty soon it will be the only tier one asset, as the dollar and treasuries melt like ice cubes.
Had to tune out when he said that silver would be pretty irrelevant compared to gold and bitcoin.
I like silver but after 8 years. It has underperformed compared to what I expected. Perhaps there are better places to grow ones wealth.
@@misty671silver literally broke out of its 10 year range and is higher than it’s been for almost 12 years
@@superstar5123that’s the point. Silver =12 years of dead-money.
@superstar5123 Yes, I watch the price every day. Ultimately, I hope to see silver near $100 by the end of the decade. Perhaps it doesn't get there in my investing lifespan. I'm willing to wait it out, but the last 8 years have challenged my conviction.
That's interesting, I personally never tune out just because someone says one thing I disagree with, they may have other information that is useful to me.
When you give Bitcoin credibility, you lose credibility.
Sketchy "logic" with this chap.
OK so... He compares silver's 'stock to flow' to oil. I don't know if this was just an off the cuff reference, a moment of levity, or just trying to make Bitcoin look good.
Total storage of crude oil is apparently something like 7.5 billion barrels. Lets double it to be safe. 15 billion barrels. Annual production of crude oil is in the ballpark of 34 BILLION BARRELS. That is a stock (15 billion) to flow (34 billion) of under 0.5. That means IF the storage space existed, it would only take half a year to DOUBLE existing oil, stored. But oil is notoriously difficult to store (because of how much space it takes up).
Now for silver, the stock to flow is given at around 22. Can you see the difference between 0.5 and 22? A factor of 44. Gold's stock to flow is 70. Difference to silver is a factor of under 3.5.
Long story short, the above ground supply of silver increased by about 3.2% a year. With oil, the issue is the large flow. With silver, it's a case of depleting stock.
My last point would be in regards to price volatility of silver. How much of that is 'natural', exactly, and how much of it is induced by large financial institutions, who have tried 'questionable' methods to keep the price down?
Great comment.
Peter is great
Peter seems to be out of his mind. Gold has a real value of what? 20 to 30 Dollars? The Rest is Speculation? Man, this is pure nonsensical, as long as the average home price isn't at 5.000 Dollar. The price of Gold relates to the value of the currency use to buy it. In other word's- Gold has its intrinsic value. Gold doesn't care about Speculation. It is the ultimate Value and every currency relates to this Value - not the other way around. You have to think twice Peter. You are wrong!
Neil McCoy Ward did a mini-series on the great depression. He read from people's diaries and there absolutely was starvation. People died from malnutrition. It wasn't a common occurrence but the fact that it happened at all is shocking. When this guest said there was no starvation I lost confidence in everything else he said.
I don’t hate you when you speak about BTC, I’m just don’t interested, it reminds me of tulip mania.
Bitcoin is just another fiat, gold is what backs a currency whether that is the dollar or bitcoin.
I agree the intrinsic value of bitcoin is zero. I still own it and will ride it up.
Trusting gold audits is silly. Who knows how much actual gold is held by various players. It is joke of a market unfortunately. Barely a hedge against fiat inflation much of the time 😢.
I disagree that gold's intrinsic value is 20 to 30 USD... just the cost of extracting it from the earth and refining it are way over 1,000 USD
Lol, I happened to just look up 100 year housing inflation adjusted today and it shows current prices are twice the historical mean and have never been higher.
Not sure silver's "stock to flow ratio" is the burden Peter thinks it is. It isn't like flow is increasing. And I would be very interested to see at what rate stock is decreasing. For a few years now we have been in deficit. Another thing to keep in mind. Silver is considered a 'poor' store of value because it is large, per say every $1000 stored, compared to gold.
But as it goes up in price that begins to work in its favor...
Love the recent guests lately thank you. Thank you also Jessie Day for your hard work on this channel, been enjoying it!
Thank you, I appreciate the kind words and hope you continue to enjoy the show!
During the Great depression people grew their own food! Not so much today 😢
We will go back to that as its all a cycle
What land am I going to be able to grow food on? What farm equipment can I afford? What about pesticides and fertilizers, the soil is infertile. Not to mention the cost of water. Also, growing seasons are becoming shorter and shorter with the weather becoming more erratic and unpredictable. Growing your own food in any meaningful amount is impossible for the vast majority of people, i am confused as to the amount of people that seem to think everyone will be growing food. If anything, there will be less food grown while the population continues rising
@@superstar5123 Global food production is being destroyed by design! Prepare for World Wide HOLODOMOR! 🥴
@@superstar5123Show me your water abstration rights? Unless it going to be rain feed agriculture. Rain feed agriculture of agrarian cereal corps is characterised by relative low yields per acre, espically if you do not have sufficent nitrate prill & rock phosphates, or heavy Diesel engined tracked machinery if you doing heavy clay soils. Doing it the Amish way can't support even 25% of current numbers at current lifestyles. Industrial scaled agriculture with heavy industrial inputs is necessary or we all starve. 😊
My heart go's out for the poor people holding dollar's, euros, boliviar and all the other crap currencys.
I am a bit surprised, that Peter says "Gold has a 12% chance to become money." Gold is the only existing money in the World Peter - 100%. I don't make that up - it is a fact. Currency's aren't money Peter. Its about time for you to get that.
I need your help please it has been such a tough life for me how i wish i would have known the strategies and trade like you..am from kenya and things are just getting tough on my side, I want to help my family they are really struggling
Gold lol, try BTC. No shortage of either gold or silver.
They’re not evil??? This dude is delusional
Who is “we” when Peter says “we are going to win”?
Some interesting takes on the metals from Peter. I didn't know he was his negative on them.
This interview was a complete waste of time.
This channel probably isn't for you, there's plenty of other content on RUclips.
What are the Kardashians up to these days?
37:47 Great takes on politics here at the end with everything. Things did indeed flip. The masks were off. It's insane to see.
But I've seen plenty of people waking up! Sure, way too many haven't, but history will absolve the sane and show just how terrible the insane are.
Absolutely, where I live in Serbia almost no one trusts their government or media and any government directives are looked at through that lens of distrust. Same with most of the Balkan region and many other parts of the world.
I find people who think everyone else is stupid, to be really stupid!!!
You have a yob's comma in that sentence. You're sacked as arbiter of stupidity.
...beyond never to think...
Well that gave me hope
excellent guest and interview
Glad you found it useful and thanks for watching.
Peter❤️
👍👍
Goldbacks will be the new GOLD money. The Dollar is on a death spiral.
No, not goldbacks. No one wants sprinkles of gold with mostly fiat value.
Gold yes.
I think there are fundamental problems with goldbacks. They look nice and I can see the logic behind collecting them, but I do not see them circulating as currency.