It actually pays right now to trade gold for silver, the ratio is very much in golds benefit right now, at 80 - 1....some w antsilver at 40 - 1 to trade the other way.
From a personal point of view, could you make a simple, detailed step by step video on how a person can place an order from the European mint, via your Silver Forum Group Order. Thank you.
Amazing looking at all that silver. The Queens Beast coins stand out. I think Queens Beast series may be the best looking series ever minted by any government mint.
You like many are having problems understanding why silver and gold for that matter have been going down and I' explain. First of all even though some mints like the US have run out of silver eagles overall supply above ground is still great and overall demand is actually decreasing worldwide. Mint like the US based ordering blank coins to stamp eagles on previous sales volume and they like the three suppliers of blanks were caught off guard by the sudden and continued price drop where demand increased for coins. Other dealers of coins are reporting no shortage of coins both eagles they sell foe collectables or bars. It is like a hamburger shop running out of patties because of increased demand and this doesn't mean hamburgers are then in short supply the world over. No businesses is going to stock more than their previous sales because they do not want to get caught with an oversupply issue which is the same for the US mint or any mint for that matter. The fact is the sales of coins is so small that this increase in demand does not effect price which we are seeing. Another factor is the silver has been demonetized and over 70% of sales is industrial, manufacturing and retail jewelry sales and all of these depend on low prices to sell products. When price now comes close to $21 retail jewelry sales fall off a cliff and the other twp sectors start to replace silver with other metals. It is simply not true it is not replaceable just ask any metallurgist who works in manufacturing. Still another factor is that world trade has been slowing and entities must stock less silver for use in their products as they have been preparing for slowing trade. This also effects demand greatly and one of the main reasons prices have been moving lower now just above $14. Now there is more bad news for prices of silver and gold and that has been the dollar. Back in 2009 Armstrong Economics computer models forecast that Europe was beginning to collapse and capital would flee and move into dollars and dollar based assets especially the Dow. When the Dow was around 6000 the forecast was to 22,000 then 23,000 and finally during the last leg of the collapse to around 40,000. This is exactly what has been happening since capital accelerated in 2011 and continues. This caused gold and silver to enter a bear market and again will continue. The models also forecast that we move into the end of 2018 capital again accelerates and all comes to a head there no later than 2021. The models forecast that the EU, euro, many banks there along with many corporations and countries will not survive in their present form. The euro is not expected to last past 2021. Draghi has destroyed the bond markets there and if they keep buying sovereign and corporate debt by printing the euro collapses faster. If they stop rates spike and the whole house of cards comes down faster. The firms clients which is the smart money has been going long on the dollar and Dow since 2011 and shorting gold and moving out of sovereign and corporate debt in Europe. Now the EU knows the collapse is coming and is aware of the models forecast as they asked the firm some months back for an emergency meeting. They were told that this cannot be stopped on how hard it falls. Now If England does not break completely away from the EU and fast they will be dragged down with them with many banks and businesses failing and mass unemployment and social unrest. We are seeing it already in many parts of Europe. Now under Dodd-Frank US banks are insulated from London and European banks. Now with Turkey and many banks in Europe exposed to loan there this creates additional pressure and causes even more capital to flee. Then we have the emerging markets and capital now fleeing also to dollars. All of this will create massive dollar strength and simply crush gold and silver as this creates weaker currencies and metals becomes too expensive in these markets with demand and then price falling further. Folks this is the reality since 2009 and will continue and the reasons why the dollar had strengthened the keeps breaking record after record and metals have been in a bear market and will continue!! All else you read on the net is total bullshit!
Thank you for all this, so you believe Gold & Silver will not 'shoot to the moon'... & that it will just continue to stagnate, as they control it 2. i doubt they want anyone getting rich, when the idea is Global Communism, & Enslavement.
Thank you. One of the reason why gold and silver is cheap is FED rate. Thus dollar become stronger. But after GFC debt become even bigger and problem haven't been solved. We see now another housing bobble. FED increasing rate 3rd time this year. So, more pressure for mortgages. And what's gonna happen if people not able to pay? Crash. Just like in 2008. And just like that time all investors will try to safe their money in metals creating another bobble in gold. It's just a question of time when we gonna see it. Nobody knows. But I believe that US will have to deal with all debts.
Sorry to comment on a 4 year old video, but wow. I totally get that nobody can predict the future, but you all must be amazed at the spot price doubling in 4 years. What a result. Big well done BYB, what an amazing couple of videos.
The "Gold is so compact and easy to move" story is absolutely ridiculous in my opinion. I mean do you really think people who bought 1,000 oz silver bars for $4,000 in 2001 and sold for $50,000 in 2011 said "man I really wish I bought $8,500 kilo bars of gold and sold them for $57,000 because gold is so easy to move" Why invest double the capital to make the same net profit of around $47,000?
My argument is still valid. You can much more easily store 1.5kg of gold than you can 90kg of silver. You can also be a lot more mobile with your cash if you need to, bugging out with 90kg of silver is not possible, home invasion scenario. Quickly grab your gold bars and run, can you run with 90kg of silver?
Yes your argument is valid but i'm not a part of the group of people who think a doomsday is coming where I will have to flee the safety of my home with all my metal. I think I heard you say in a previous video that you feel the same that a doomsday scenario is very unlikely. My point is are you going to make the decision to buy gold off the basis that maybe one day you will have to run with it or are you going to buy silver off the basis that it's extremely undervalued when compared to gold and has much more upside potential. Spending the extra money to arrange your safe situation and your moving/selling method to be accommodated for silver in my opinion will pay off in the long run.
@@ms64morgans76 When it comes ti e to sell your fractional silver and ingots it's going to be a major task, if you have gold fractionals and ounces it's going to be a lot easier, think 1 80th of the amount of effort to sell which can give you a quick liquid event compared to what might take months normally to of load your stash....by the way, I collecting both and my silver is a back breaker when it comes time to bring it home for pictures or just to drool over for the day....my gold is a simple small box to move and gawp at.
I don't own any fractional silver other than junk silver and I only buy fractional gold occasionally. All my bars are 10oz or higher and I have a lot of relatively local dealers who I do business with often. If need be I can unload all my silver very quickly but I would most likely sell 5%-15% at a time on the uptrend not all of it at once.
'They' are having a harder time making the USD look stronger than it really is and the there are some formidable forces at work but the bending and twisting can only go on for so long.
There are so many intense economic conflicting "mantra's" being parroted all over the internet at the minute it's actually mind boggling. The only thing I understand that it is good to have maybe 10-20% of personal wealth in held physical metal. Beyond that all these RUclips channels are highly entertaining but they are not affecting my monthly budget or ounce target.
QE did for the dollar, there's a total glut from it, paper is not that great when you deal international, eagles can be 30% premium from spot, i stall for sales where some of the main dealers offer slight above spot for generic and then sales on ebay for 8% off days to buy silver, it's a matter of devotion when it comes to collecting with what can be 50% over spot to fill collections.
All I can say is keep stacking and tell everyone you know to do so, because we have the power to raise the price of silver by increasing demand, silver will run low in 15 years what do u think the price of silver will be when you can’t get anymore
Wow, what an incredible amount of silver. Do you have to split that up and send it to all the individuals that purchased? That would be a lot of work. Thanks for sharing!
The only reason it's hard to store lots of wealth in silver right now is because it's the most undervalued asset in the world. It's valued like a base metal despite being as rare as a precious metal. If everyone in the world just bought one ounce it would all be gone several times over.
Buying physical silver/gold gives you a tangible hard asset to the sacrifice made to earn money and what is really equates to. Nobody stop you out of your physical position as oppose to the paper markets. Hit peak silver/gold then 5-10 years liquidation large physical silver position easy all the dealers would be happy to arrange courier service at their expense.
The gold to silver ratio, historically is around 1g to 10s. Right now its 1:~80. Silver is vastly more manipulated than gold. JP morgan has what, 170 million ounces of physical silver in their vaults. As a buying power multiplier, silver vastly beats gold. Not to say i dont want some gold too 😝
stop repeating bullshit from youtube videos without doing research. the historical ratio has never been 1:10. WRONG. and it has not even been 1:16 since the early 1800s. WRONG. everything you say is wrong
the silver and gold futures markets are so much bigger than the spot market that the price is crushed by speculative shorts - on an long term basis. When it reverts 'silver skyrockets' - but this is just reversion to true value of spot really
Just a note for the buyer of the 10 oz 2018 Silver Maple Leaf...The 2017 FIRST RELEASE of this coin is STILL AVAILABLE, just in case you didn't get that one already. It annoys "The Set Collector" no end to find out they missed the first one until a few years later...(like me, not being able to find a tube of 2017 Krugerrands...anywhere...dammitt....)
Queens' Beasts seem hugely popular! And rightly so, with great designs and very low premiums on the newer coins.. I don't worry too much about silver price. If you look at how it behaved in 2001-2004 it was very similar, getting left behind by gold for a few years in the early years of that bull market. However it does just emphasise that a steady, monthly buying approach is the best strategy. Too many people splurge huge wads of cash at an unsustainable rate, reach saturation point and then flake out after a few months.
That's amazing. You distribute to a bunch of people. Awesome. It looks like i'm a few months short getting into this. Can't find those 10oz Red Dragons or Griffens anywhere in Canada.
Do you think you will ever have a order bigger in the one laid out in front of us? I couldn't even imagine it. A spectacular sight to behold And I appreciate you meticulously displaying it In all its glory
I think that people want a lot of silver right now and that with Brexit the next two group orders are going to be the last chance people have to get it cheap. Possibly we will see it beaten.
The one discussion I haven’t seen, when silver spot bottoms, what will cause it to stabilize? Why will it stabilize? Then, what will cause it to rise at a sustainable pace? There just seems to be nothing in the short term to make me believe spot has stabilized, with that being said, the downward pressure on spot price hasn’t changed.
I think the queens beast series is the only series that comes close to the quality the perth mint constantly produces. Not to say others don’t produce the odd one that stacks up
Will it all be worth if, if the silver plan doesn't work? Or it takes another 30 years for it to happen... I enjoy PMs, but the question of manipulation of the prices... If it has gone on for this long, what happens if it never stops.
The reason why the silver prices are low is because the silver prices are being suppressed by huge companies who are buying up all the silver in huge quantities and are artificially suppressing the market for a while now to eventually let go on their grasp of the market and turning a few billion dollar profit as you can see if you go on big silver sites the 1000 ounce bars are all bought up and are always unavailable and if people ride the wave and buy now silver bars in the high quantities will be up after eventually the silver market does what it's always naturally was supposed to do, if you have ounces at 14 USD and you have around 5k to 10k or more ounces then you can turn your silver at the suppressed value into tons at it's peak Just my input everyone has opinions and I'd like to hear them Then on gold at this moment it is at an all time low but this all time low is not relatively low compared to gold highs and silver highs and lows with gold high being around 500 dollars difference with the new low but silver being as of yesterday in the 13 dollar range to the high of being in the 50's and using a relative ratio the difference is better to have silver with the profits, but if you are looking for wealth holdings gold is more stable being around 1300 to 1400 per ounce on a stable graph but silver is more of a unstable metal on charts with what I was saying earlier in my opinion going to shoot up soon. I don't know much about platinum, but I recommend silver or gold. I also recommend buying it in bulk and not in scrap or small bits for keeping premium at a minimum and to scrap keeping the purity and to keep value from melting. If you want a good spot price on monthly yearly and daily charts for precious metals go to kitco. I buy 100 ounces at a time every 2 weeks
I get the paper manipulation of silver price but I don't get why it wouldn't cause all mining operations to go out of business and wreck more havoc in the industry among the mining operators. I suppose it has and mining operators have gone out of business - but from the consumer it's kinda business as usual with the product available even though the spot price has halved past 5 years . I read price of getting silver out of the ground is in the mid teens. We seem to dip below that now. Are we seeing more recycled silver now reducing costs or its the mining operations digging for more valuable metals just getting silver as a byproduct that are the last ones standing? As a small business owner myself, if my costs stayed the same and salesprice was halved, I don't think I would find a way forward selling the same product. I think the high premium products may be increasingly important to the profitabillity of the industry but generic silver is still readily available anyway . Or, are the silvermines receiving Government subsidies against a piece of the pie ? :-O why would a mining company sell at a loss? Intersting to see how much longer the trend continues - I'll make a brick wall with 100 oz bars cheap as chips! it's like we're enjoying nice weather inside the eye of a hurricane and you look up only to see someones house discreetly flying by!
Short selling paper contracts and purchasing physical, basically they averaged down as the dollar has gone up. Silver will keep going down until the dollar goes down or supply runs out.
The other problem with gold is that you then have to find someone to buy your 1 kilo of gold...that means less bidders or buyers...even selling 1 oz gold coins still gets rid of buyers who are putting a small percentage of their money into gold.
Mints may stop producing certain coins but that doesn't mean silver as a whole is in short supply. Pop down to a trading floor and you'll find people dealing in millions as opposed to people buying coins for $15 a pop. On a side note (and I didn't watch the entire video so excuse this if you covered it); I'd be more intrigued about selling coins if the price shoots up. If I were a bullion dealer and the spot price leapt up to say $50, I wouldn't buy a single coin off of anyone due to knowing i was selling them a short while back for around $17 a coin and that the spot price will fall again. Personally I don't have a supply of physical silver that I probably won't be able to shift. Likewise trying to sell to collectors; there are only so many people that will want the Queen's Beasts coins. After a while the market for the will dry up.
If I had even a 1/10 of the funds to purchase this much PM, I would have put it towards some gold. But if the prices keep going down, I might invest in a little bit of it.
@@trp2413 I'm guessing between $12.50 per ounce to $13.50 per ounce. Before it rises again. I'm trying to do $100 per week ordering now until it slowly Rises. My wife told me to quit wasting money on magic beans.
Inessive to see . The dollar is quite high so are share prices at the moment . Total Demand = supply in the physical market so no reason for price to increase . Silver eagles sales were low for a few months so they produced less then demand returned.
I don't go for "looks" when buying silver or gold even though nice coins look/feel nicer than plain bars. I simply buy at the lowest price available or jump in when a gold dealer has a "special" on and as a result have all sorts of coins and bars . When you sell you will find there is very little premium for nice coins over plain bars. Never buy paper silver or gold buy the real stuff and hold it.
There’s nothing wrong with somebody having 100oz of silver, especially in government coins. The price is low, so why not? But gold is where the real wealth preservation is at, in my humble opinion. I have 130oz of silver but I’m into gold now.... got over 5oz so far. People love gold, so there will ALWAYS be a demand for it.
I would not mind if the prices stay low for a little while. It is very good to buy but not to sell. Only one sheet of pandas is a bit surprising. I thought people would grab this change to buy premium coin before the prices go back up.
The price doesn’t go up because there are idiots purchasing ‘paper’ silver or ‘paper’ gold. There are more than 300 ounces of paper for every ounce of physical PM.
I do hope it goes a bit lower to buy a little more before brexit but mostly saving for a bit more gold but the spread does look good and can't wait to see all the QB layed out 👍
You recall when people were spending their pensions buying monster boxes after 2008?....when how old were those people?....and what percentage of their pension did they spend....it's been ten years and now they are how old?...they have been told to keep hanging onto their silver and only sold a little bit...so now they are selling their silver, the market is so full of those people who need the money now and have created a glut of second hand silver....there were record buying in 20 11 when it was at its highest...those people who held firm have seen their investment drop by 75% or more...now they see retirement near or even past it and have to take the hit or have heart attacks watching their life savings get wiped out, one reason I collect and not stash, I can watch disposable cash go down in value over the next few years and wait for my kids to benefit even if it's half the money I spent, they didn't invest it so they won't feel the burn.....but to invest in silver right now better be a view to not even try to sell within 10 years barring some thing big happening....gold and silver reach base and tend to hang there for years. .....better to buy safe property and rent out to get some income while you wait to sell later at a profit and benefit from the tax advantages if you also have an income.
There are several reasons, one is the dollar is getting Hamer ed on the international market, Russia has sold its American debt, china has stopped international investments which have sent the high cost housing sales down, the interest rates are rising so the shares are getting higher, high interest bank accounts are more profitable, trade wars are making it less worth while to ship out silver anywhere, there are a bunch of reasons but it's fear causes less sales, people think there might be a recession coming and it's better to hold cash then non liquid goods...several reasons...and us smaller buyers can't drive prices up, it takes countries, banks, investment houses...basically the belief it will rise sooner rather then later.
The EU taxation policy stats that all EU countries should have tax on silver. That Estland is breaking this, has been a debate for many years. Whit in Estland this is not a problem, as all companies have the same possibility - is fair competition. Order from Estland to another country with intent to avoid tax, is a legal grey zone at best, that upsets the market as your countries bullion company can't compete on the equal terms set by the EU. One of Swedens larges bullion companies try to avoid taxation by having a warehouse in Estland and do there silver shipping from there, it ended up with getting there accounts frozen - for mainly unfair competition. The only way to order legal and ethical from Europenmint is if they have a product that can't be found in your country and are in no competition. A another way is to buy in Estland where competition is fair for all. I see ordering small amounts a very low risk venture, i guess it is up to your own moral compass and much you care about your local bullion dealers. But buying this kind of big amounts not only tax free but also on discount is not legal by fair trade. People signing up should also know that this comes with a risk. Putting a video up might not be the greatest idea, need to keep it on the downside. There are some like me, that see this amazing pill of silver as income unfairly taken from local companies. Because you would have bought it there if Estland did not break the EU taxation policy. For privet persons with small buys this is mostly a moral dilemma , maybe something for your pondering videos.
Paper silver contracts, and the control thereof, readily outpace supply and demand market effect every day. To think otherwise, would be uncivilized. Downward pressure upon physical metals is to insure; paper contracts, stocks, leveraging, real estate, anything paper and debt based. As when adjustment ensues, commoners will be left with debt only. The precious metals fiat nominal value surely promotes the disinterest amongst common investors. Your genetically/psychologically UK programming, against silver as security is strongly presented.
All us commoners can do is take the benefit of low spot and use this time to stack physical Silver & Gold and try to get to our individual ounce targets asap, while the world of rocket science derivatives and gravity defying economics rumbles on and hope that somebody in authority has an equitable master plan in place to keep us secure into our retirement🤔
Right now gold mines are still profitable but silver mines are near pointless, if your expecting mines to pay more to get their silver the price would have to go up big time, like 50%, gold was still worth mining at $500 oz, like oil dropping to $30 barrel then stops the pumps...silver is in a dead cat boh ce I believe right now and should go down to $12 oz before it goes to $20.....I thinking some people who are not caught up in brexit are keeping their powder dry for a lower price.
Silver ore is a commodity that is freely found if you know what you are doing, it is not a rare metal. Estimates report gold is 5-7x more abundant above ground than silver. Beneath the surface, silver is approximately 19x more abundant than gold. Silver is sometimes found in nature as a free metal but also appears with other minerals and deposits of ore like copper, gold, nickel, lead and lead-zinc. Silver is heavily mined around the world with the largest deposits being mined in China, Australia, Peru, Poland, Serbia, Bolivia, Mexico and Chile. So silver is relatively easy to mine as opposed to gold and hence the price is down and will carry on being low as it is freely available relatively. Even Diamonds are abundant and markets have to be shaved by the minute... So yes the price of silver will go down even further... That's why I don't have any silver in my safe..... Gold and platinum or rarer metals are the items to colect in my humble opinion.
Silver not going up in your reasoning is logical since not all silver demand is in silver eagle coins from us mint. :0. Would love to know why its actually not rising. Is it that impopular? You really think this is a pump n dump for some bankers? I cant believe this unless I see some proof ;)
The dollar has fallen big time sine trump came in....it's about its previous rate to the pound but it's weak on the international market...the dow is at a record high but a chunk of that is low dollar.
@@BusyBeeCompany sorry but the US dollar has risen 3% in the last 12 months... See proof. drive.google.com/file/d/18qNXv5wb_k5Fb1lHPgr3ViRl1aamaQVw/view?usp=drivesdk
@@garrycroft4215 If you goto us inflation calculator and put in 2016 to 2018 and see that was $20 in 2016 would now cost more then $21...more then 5% more in two years.
@@garrycroft4215 You might want to see what happens in October as the new healthcare costs kick in, it's going to drive that inflation big time....all the tax breaks drive up the debt and reduce the nation's income, it will not be pretty...still silver will drop further until consumer feargrows...which will be 2020 at least silver is a hedge against inflation and I flatiron is going to rise by the end of the year as the debt is counted...but I think silver wil not drop to under $11 .....so the drop won't be to harsh compared to $40 plus to now..this is bear market territory.
You are paying too much. 2700 oz should cost around $45000 for even American Eagles. Currently $16.89 an oz for 500 oz monster boxes of American Eagles at Provident Metals.
Do you really think it's a great idea handling other peoples purchases and showing their goods on youtube? Also, buyers would not appreciate all the micro scratches on the large coin capsules while you endlessly shuffle them around.
Backyard Bullion Just seems odd a dealer or supplier preview other peoples goods. Fair enough that people unbox their own goods or talk about their own coins as it belongs to them. Never seen a supplier do a unboxing on others goods. If your customers don't mind all is good.
It's part of the deal. BB gets to showcase lots of goodies for his channel and business. We get cheap silver with no hassle dealing with the European Retailers.
I take as much care as a dealer would. The only difference is I show it on RUclips. People agree up front and it is all OK. I have had something like 300 separate people and parcels done, not a single complaint.
It's a great deal. When silver goes up, and the gold to silver ratio goes down you can trade for gold!
Yes indeed - but it is actually a lot harder in real life to do this.
It actually pays right now to trade gold for silver, the ratio is very much in golds benefit right now, at 80 - 1....some w antsilver at 40 - 1 to trade the other way.
From a personal point of view, could you make a simple, detailed step by step video on how a person can place an order from the European mint, via your Silver Forum Group Order. Thank you.
Amazing looking at all that silver. The Queens Beast coins stand out. I think Queens Beast series may be the best looking series ever minted by any government mint.
Bwaaahhh haaa haaaa !
Delusional !
I agree with Raj, best series out there hands down.
I love watching these group orders across the pond 😂🔥🐉
Glad to be of service!
Aaaaaaaaad I just spilt my Sunday morning coffee!!! 🤭😆😱😱😱😱😱😱👌🏼
Lovely, mission complete!
my coffee went down the wrong pipe and I coughed coffee out of my nose
Yankee Stacking I hope it wasn’t mid-slurp!
it was and it hurt ,
I wouldnt suggest snorting coffee ,
maybe freeze dried hahaha
You like many are having problems understanding why silver and gold for that matter have been going down and I' explain. First of all even though some mints like the US have run out of silver eagles overall supply above ground is still great and overall demand is actually decreasing worldwide. Mint like the US based ordering blank coins to stamp eagles on previous sales volume and they like the three suppliers of blanks were caught off guard by the sudden and continued price drop where demand increased for coins. Other dealers of coins are reporting no shortage of coins both eagles they sell foe collectables or bars. It is like a hamburger shop running out of patties because of increased demand and this doesn't mean hamburgers are then in short supply the world over. No businesses is going to stock more than their previous sales because they do not want to get caught with an oversupply issue which is the same for the US mint or any mint for that matter. The fact is the sales of coins is so small that this increase in demand does not effect price which we are seeing.
Another factor is the silver has been demonetized and over 70% of sales is industrial, manufacturing and retail jewelry sales and all of these depend on low prices to sell products. When price now comes close to $21 retail jewelry sales fall off a cliff and the other twp sectors start to replace silver with other metals. It is simply not true it is not replaceable just ask any metallurgist who works in manufacturing. Still another factor is that world trade has been slowing and entities must stock less silver for use in their products as they have been preparing for slowing trade. This also effects demand greatly and one of the main reasons prices have been moving lower now just above $14.
Now there is more bad news for prices of silver and gold and that has been the dollar. Back in 2009 Armstrong Economics computer models forecast that Europe was beginning to collapse and capital would flee and move into dollars and dollar based assets especially the Dow. When the Dow was around 6000 the forecast was to 22,000 then 23,000 and finally during the last leg of the collapse to around 40,000. This is exactly what has been happening since capital accelerated in 2011 and continues. This caused gold and silver to enter a bear market and again will continue. The models also forecast that we move into the end of 2018 capital again accelerates and all comes to a head there no later than 2021. The models forecast that the EU, euro, many banks there along with many corporations and countries will not survive in their present form. The euro is not expected to last past 2021. Draghi has destroyed the bond markets there and if they keep buying sovereign and corporate debt by printing the euro collapses faster. If they stop rates spike and the whole house of cards comes down faster.
The firms clients which is the smart money has been going long on the dollar and Dow since 2011 and shorting gold and moving out of sovereign and corporate debt in Europe. Now the EU knows the collapse is coming and is aware of the models forecast as they asked the firm some months back for an emergency meeting. They were told that this cannot be stopped on how hard it falls. Now If England does not break completely away from the EU and fast they will be dragged down with them with many banks and businesses failing and mass unemployment and social unrest. We are seeing it already in many parts of Europe. Now under Dodd-Frank US banks are insulated from London and European banks. Now with Turkey and many banks in Europe exposed to loan there this creates additional pressure and causes even more capital to flee. Then we have the emerging markets and capital now fleeing also to dollars. All of this will create massive dollar strength and simply crush gold and silver as this creates weaker currencies and metals becomes too expensive in these markets with demand and then price falling further.
Folks this is the reality since 2009 and will continue and the reasons why the dollar had strengthened the keeps breaking record after record and metals have been in a bear market and will continue!! All else you read on the net is total bullshit!
Thanks for the info, a good read!
Thank you for all this, so you believe Gold & Silver will not 'shoot to the moon'... & that it will just continue to stagnate, as they control it 2. i doubt they want anyone getting rich, when the idea is Global Communism, & Enslavement.
Thank you. One of the reason why gold and silver is cheap is FED rate. Thus dollar become stronger. But after GFC debt become even bigger and problem haven't been solved. We see now another housing bobble. FED increasing rate 3rd time this year. So, more pressure for mortgages. And what's gonna happen if people not able to pay? Crash. Just like in 2008. And just like that time all investors will try to safe their money in metals creating another bobble in gold. It's just a question of time when we gonna see it. Nobody knows. But I believe that US will have to deal with all debts.
@jj H "roaring twenties" of XXI century are now over though
4:13 timestamp
Sorry to comment on a 4 year old video, but wow. I totally get that nobody can predict the future, but you all must be amazed at the spot price doubling in 4 years. What a result. Big well done BYB, what an amazing couple of videos.
Hi I want to invest in silver. But i am just confused on whether i invest on junk silver or bullions?
The "Gold is so compact and easy to move" story is absolutely ridiculous in my opinion. I mean do you really think people who bought 1,000 oz silver bars for $4,000 in 2001 and sold for $50,000 in 2011 said "man I really wish I bought $8,500 kilo bars of gold and sold them for $57,000 because gold is so easy to move" Why invest double the capital to make the same net profit of around $47,000?
My argument is still valid. You can much more easily store 1.5kg of gold than you can 90kg of silver. You can also be a lot more mobile with your cash if you need to, bugging out with 90kg of silver is not possible, home invasion scenario. Quickly grab your gold bars and run, can you run with 90kg of silver?
But you store your mortgage without difficulty, and your auto, and and and...
Yes your argument is valid but i'm not a part of the group of people who think a doomsday is coming where I will have to flee the safety of my home with all my metal. I think I heard you say in a previous video that you feel the same that a doomsday scenario is very unlikely. My point is are you going to make the decision to buy gold off the basis that maybe one day you will have to run with it or are you going to buy silver off the basis that it's extremely undervalued when compared to gold and has much more upside potential. Spending the extra money to arrange your safe situation and your moving/selling method to be accommodated for silver in my opinion will pay off in the long run.
@@ms64morgans76 When it comes ti e to sell your fractional silver and ingots it's going to be a major task, if you have gold fractionals and ounces it's going to be a lot easier, think 1 80th of the amount of effort to sell which can give you a quick liquid event compared to what might take months normally to of load your stash....by the way, I collecting both and my silver is a back breaker when it comes time to bring it home for pictures or just to drool over for the day....my gold is a simple small box to move and gawp at.
I don't own any fractional silver other than junk silver and I only buy fractional gold occasionally. All my bars are 10oz or higher and I have a lot of relatively local dealers who I do business with often. If need be I can unload all my silver very quickly but I would most likely sell 5%-15% at a time on the uptrend not all of it at once.
I got the 2016 silver panda on sale for $15 per coin. Months ago. Is the Canada wild series coins worth buying?
'They' are having a harder time making the USD look stronger than it really is and the there are some formidable forces at work but the bending and twisting can only go on for so long.
There is a lot at play, anyone who says they know what is going on is either deluded or ignorant.
There are so many intense economic conflicting "mantra's" being parroted all over the internet at the minute it's actually mind boggling. The only thing I understand that it is good to have maybe 10-20% of personal wealth in held physical metal. Beyond that all these RUclips channels are highly entertaining but they are not affecting my monthly budget or ounce target.
QE did for the dollar, there's a total glut from it, paper is not that great when you deal international, eagles can be 30% premium from spot, i stall for sales where some of the main dealers offer slight above spot for generic and then sales on ebay for 8% off days to buy silver, it's a matter of devotion when it comes to collecting with what can be 50% over spot to fill collections.
All I can say is keep stacking and tell everyone you know to do so, because we have the power to raise the price of silver by increasing demand, silver will run low in 15 years what do u think the price of silver will be when you can’t get anymore
wow truly something to marvel at there, thank you for all you do.
It is very special isn't it!
indeed, something for everyone to aspire to. Although would take me over a decade haha
Hi! Very interesting, but what happened to goldsilver.be? You were ordering from there in the past or not? Thanks.
EU mint is better quality of service and coin and also has offered to price match
Wow, what an incredible amount of silver. Do you have to split that up and send it to all the individuals that purchased? That would be a lot of work. Thanks for sharing!
Yes, 85 different people and parcels packaged up for this order!
The only reason it's hard to store lots of wealth in silver right now is because it's the most undervalued asset in the world. It's valued like a base metal despite being as rare as a precious metal. If everyone in the world just bought one ounce it would all be gone several times over.
Not everyone in the world can afford to buy 1 oz of silver. That said, I agree it is vastly undervalued.
Buying physical silver/gold gives you a tangible hard asset to the sacrifice made to earn money and what is really equates to. Nobody stop you out of your physical position as oppose to the paper markets. Hit peak silver/gold then 5-10 years liquidation large physical silver position easy all the dealers would be happy to arrange courier service at their expense.
I agree, paper is useless in my opinion. Get the physical all day long!
The gold to silver ratio, historically is around 1g to 10s. Right now its 1:~80. Silver is vastly more manipulated than gold. JP morgan has what, 170 million ounces of physical silver in their vaults. As a buying power multiplier, silver vastly beats gold. Not to say i dont want some gold too 😝
There is certainly something not right!
stop repeating bullshit from youtube videos without doing research. the historical ratio has never been 1:10. WRONG.
and it has not even been 1:16 since the early 1800s. WRONG.
everything you say is wrong
2:15 "Ponderous Saturday... " Have you had your cuppa? It's Sunday love.
On a serious note, how do I join group orders?
I filmed it on a Saturday 😉 get on over to the silver forum
@@BackyardBullion omw
Be careful!That table may collapse:)))
She is amazingly strong!
@@BackyardBullion
Nice! Then load it up, and put it to the resistance test:)))
Cheers
the silver and gold futures markets are so much bigger than the spot market that the price is crushed by speculative shorts - on an long term basis. When it reverts 'silver skyrockets' - but this is just reversion to true value of spot really
Just a note for the buyer of the 10 oz 2018 Silver Maple Leaf...The 2017 FIRST RELEASE of this coin is STILL AVAILABLE, just in case you didn't get that one already.
It annoys "The Set Collector" no end to find out they missed the first one until a few years later...(like me, not being able to find a tube of 2017 Krugerrands...anywhere...dammitt....)
Queens' Beasts seem hugely popular! And rightly so, with great designs and very low premiums on the newer coins..
I don't worry too much about silver price. If you look at how it behaved in 2001-2004 it was very similar, getting left behind by gold for a few years in the early years of that bull market. However it does just emphasise that a steady, monthly buying approach is the best strategy. Too many people splurge huge wads of cash at an unsustainable rate, reach saturation point and then flake out after a few months.
That's amazing. You distribute to a bunch of people. Awesome. It looks like i'm a few months short getting into this. Can't find those 10oz Red Dragons or Griffens anywhere in Canada.
Do you think silver will drop to $12 an oz soon
Do you think you will ever have a order bigger in the one laid out in front of us? I couldn't even imagine it. A spectacular sight to behold And I appreciate you meticulously displaying it In all its glory
I think that people want a lot of silver right now and that with Brexit the next two group orders are going to be the last chance people have to get it cheap. Possibly we will see it beaten.
The one discussion I haven’t seen, when silver spot bottoms, what will cause it to stabilize? Why will it stabilize? Then, what will cause it to rise at a sustainable pace? There just seems to be nothing in the short term to make me believe spot has stabilized, with that being said, the downward pressure on spot price hasn’t changed.
Evertime i see this stack I can only think "Nice table"
You cannot see the table!
I think the queens beast series is the only series that comes close to the quality the perth mint constantly produces. Not to say others don’t produce the odd one that stacks up
It is pretty good that is for sure!
Paper silver??? I’d love to see you support that angle a bit more, my friend! 😉👌🏼
I will maybe do a ponderous wednesday on it.
@@BackyardBullion I second that!
Will it all be worth if, if the silver plan doesn't work? Or it takes another 30 years for it to happen... I enjoy PMs, but the question of manipulation of the prices... If it has gone on for this long, what happens if it never stops.
The reason why the silver prices are low is because the silver prices are being suppressed by huge companies who are buying up all the silver in huge quantities and are artificially suppressing the market for a while now to eventually let go on their grasp of the market and turning a few billion dollar profit as you can see if you go on big silver sites the 1000 ounce bars are all bought up and are always unavailable and if people ride the wave and buy now silver bars in the high quantities will be up after eventually the silver market does what it's always naturally was supposed to do, if you have ounces at 14 USD and you have around 5k to 10k or more ounces then you can turn your silver at the suppressed value into tons at it's peak
Just my input everyone has opinions and I'd like to hear them
Then on gold at this moment it is at an all time low but this all time low is not relatively low compared to gold highs and silver highs and lows with gold high being around 500 dollars difference with the new low but silver being as of yesterday in the 13 dollar range to the high of being in the 50's and using a relative ratio the difference is better to have silver with the profits, but if you are looking for wealth holdings gold is more stable being around 1300 to 1400 per ounce on a stable graph but silver is more of a unstable metal on charts with what I was saying earlier in my opinion going to shoot up soon. I don't know much about platinum, but I recommend silver or gold. I also recommend buying it in bulk and not in scrap or small bits for keeping premium at a minimum and to scrap keeping the purity and to keep value from melting.
If you want a good spot price on monthly yearly and daily charts for precious metals go to kitco.
I buy 100 ounces at a time every 2 weeks
I get the paper manipulation of silver price but I don't get why it wouldn't cause all mining operations to go out of business and wreck more havoc in the industry among the mining operators. I suppose it has and mining operators have gone out of business - but from the consumer it's kinda business as usual with the product available even though the spot price has halved past 5 years . I read price of getting silver out of the ground is in the mid teens. We seem to dip below that now. Are we seeing more recycled silver now reducing costs or its the mining operations digging for more valuable metals just getting silver as a byproduct that are the last ones standing? As a small business owner myself, if my costs stayed the same and salesprice was halved, I don't think I would find a way forward selling the same product. I think the high premium products may be increasingly important to the profitabillity of the industry but generic silver is still readily available anyway . Or, are the silvermines receiving Government subsidies against a piece of the pie ? :-O why would a mining company sell at a loss? Intersting to see how much longer the trend continues - I'll make a brick wall with 100 oz bars cheap as chips! it's like we're enjoying nice weather inside the eye of a hurricane and you look up only to see someones house discreetly flying by!
Never have enough !
who do you get your VAT free silver from??
www.europeanmint.com
Very impressive stack of silver, love them 10oz QB'S :)
They are amazing!
Awesome video BB thanks for sharing
immaculate impression
Thanks!
Front loading indeed. Still, how often does one get the opportunity to ogle over 2700 Oz's at their fingertips? 👍
Not often, this is a very special day!
Short selling paper contracts and purchasing physical, basically they averaged down as the dollar has gone up. Silver will keep going down until the dollar goes down or supply runs out.
The other problem with gold is that you then have to find someone to buy your 1 kilo of gold...that means less bidders or buyers...even selling 1 oz gold coins still gets rid of buyers who are putting a small percentage of their money into gold.
Mints may stop producing certain coins but that doesn't mean silver as a whole is in short supply. Pop down to a trading floor and you'll find people dealing in millions as opposed to people buying coins for $15 a pop. On a side note (and I didn't watch the entire video so excuse this if you covered it); I'd be more intrigued about selling coins if the price shoots up. If I were a bullion dealer and the spot price leapt up to say $50, I wouldn't buy a single coin off of anyone due to knowing i was selling them a short while back for around $17 a coin and that the spot price will fall again. Personally I don't have a supply of physical silver that I probably won't be able to shift. Likewise trying to sell to collectors; there are only so many people that will want the Queen's Beasts coins. After a while the market for the will dry up.
If I had even a 1/10 of the funds to purchase this much PM, I would have put it towards some gold. But if the prices keep going down, I might invest in a little bit of it.
Is that definite that there will be no access to European VAT free silver after Brexit, or is that yet to be decided
It is looking more likely every day.
Great video as always
Thanks my friend!
I collect the queens beats! God save the Queen! Lol
I’m buying more gold this year. As for low silver prices. I wish the premiums would drop too.
In America the gold and silver dealers make too much money off selling to let the price go up
Beautiful. Think we will break $14 this week?
Who knows!
How low does everybody think one ounce of silver will get to before it rises again?
@@trp2413 I'm guessing between $12.50 per ounce to $13.50 per ounce. Before it rises again. I'm trying to do $100 per week ordering now until it slowly Rises. My wife told me to quit wasting money on magic beans.
Gosh, if you knew for sure you would be a trillionarire. I think 13 is about right.
It should touch 5 yr low of $13.40, and possible spike downward to relieve short contracts bank accumulated below $13.40.
If people that know say 13, I'd say 12, fear and greed magnify swings and that's the market right now.
$13.40
Inessive to see . The dollar is quite high so are share prices at the moment . Total Demand = supply in the physical market so no reason for price to increase . Silver eagles sales were low for a few months so they produced less then demand returned.
I don't go for "looks" when buying silver or gold even though nice coins look/feel nicer than plain bars.
I simply buy at the lowest price available or jump in when a gold dealer has a "special" on and as a result have all sorts of coins and bars .
When you sell you will find there is very little premium for nice coins over plain bars.
Never buy paper silver or gold buy the real stuff and hold it.
There’s nothing wrong with somebody having 100oz of silver, especially in government coins. The price is low, so why not? But gold is where the real wealth preservation is at, in my humble opinion. I have 130oz of silver but I’m into gold now.... got over 5oz so far. People love gold, so there will ALWAYS be a demand for it.
Bloody wizards manipulating the silver prices! Good vid as per BYB
I would not mind if the prices stay low for a little while. It is very good to buy but not to sell.
Only one sheet of pandas is a bit surprising. I thought people would grab this change to buy premium coin before the prices go back up.
The price doesn’t go up because there are idiots purchasing ‘paper’ silver or ‘paper’ gold. There are more than 300 ounces of paper for every ounce of physical PM.
I do hope it goes a bit lower to buy a little more before brexit but mostly saving for a bit more gold but the spread does look good and can't wait to see all the QB layed out 👍
You recall when people were spending their pensions buying monster boxes after 2008?....when how old were those people?....and what percentage of their pension did they spend....it's been ten years and now they are how old?...they have been told to keep hanging onto their silver and only sold a little bit...so now they are selling their silver, the market is so full of those people who need the money now and have created a glut of second hand silver....there were record buying in 20 11 when it was at its highest...those people who held firm have seen their investment drop by 75% or more...now they see retirement near or even past it and have to take the hit or have heart attacks watching their life savings get wiped out, one reason I collect and not stash, I can watch disposable cash go down in value over the next few years and wait for my kids to benefit even if it's half the money I spent, they didn't invest it so they won't feel the burn.....but to invest in silver right now better be a view to not even try to sell within 10 years barring some thing big happening....gold and silver reach base and tend to hang there for years. .....better to buy safe property and rent out to get some income while you wait to sell later at a profit and benefit from the tax advantages if you also have an income.
There are several reasons, one is the dollar is getting Hamer ed on the international market, Russia has sold its American debt, china has stopped international investments which have sent the high cost housing sales down, the interest rates are rising so the shares are getting higher, high interest bank accounts are more profitable, trade wars are making it less worth while to ship out silver anywhere, there are a bunch of reasons but it's fear causes less sales, people think there might be a recession coming and it's better to hold cash then non liquid goods...several reasons...and us smaller buyers can't drive prices up, it takes countries, banks, investment houses...basically the belief it will rise sooner rather then later.
We have so much pearl in my country.
Wow. Nice coins, bro 👍
I'm sick of silver . It"s a worthless piece of shit.
Fair enough
The EU taxation policy stats that all EU countries should have tax on silver. That Estland is breaking this, has been a debate for many years. Whit in Estland this is not a problem, as all companies have the same possibility - is fair competition. Order from Estland to another country with intent to avoid tax, is a legal grey zone at best, that upsets the market as your countries bullion company can't compete on the equal terms set by the EU. One of Swedens larges bullion companies try to avoid taxation by having a warehouse in Estland and do there silver shipping from there, it ended up with getting there accounts frozen - for mainly unfair competition. The only way to order legal and ethical from Europenmint is if they have a product that can't be found in your country and are in no competition. A another way is to buy in Estland where competition is fair for all. I see ordering small amounts a very low risk venture, i guess it is up to your own moral compass and much you care about your local bullion dealers. But buying this kind of big amounts not only tax free but also on discount is not legal by fair trade. People signing up should also know that this comes with a risk. Putting a video up might not be the greatest idea, need to keep it on the downside. There are some like me, that see this amazing pill of silver as income unfairly taken from local companies. Because you would have bought it there if Estland did not break the EU taxation policy. For privet persons with small buys this is mostly a moral dilemma , maybe something for your pondering videos.
Wait, in a few month's you are going to see something amazing!
dont forget to like
Thanks!
I will store it for you. Teehee!
Hey what will happen to silver after brexit do you think???
If we get no deal, it will die. No way we can get cheap silver.
@@BackyardBullion you think it will die so much it will got down???
Glad I live in Spain and a resident.
I don't think the UK silver market will crash silver prices - but it will certainly have some impact.
@@BackyardBullion I have my mind split on up or down
Think we're in for a pop and drop in the next year
Sweet
One way to put it!
Its still stuck
Fair enough
Paper silver contracts, and the control thereof, readily outpace supply and demand market effect every day.
To think otherwise, would be uncivilized.
Downward pressure upon physical metals is to insure; paper contracts, stocks, leveraging, real estate, anything paper and debt based. As when adjustment ensues, commoners will be left with debt only.
The precious metals fiat nominal value surely promotes the disinterest amongst common investors.
Your genetically/psychologically UK programming, against silver as security is strongly presented.
All us commoners can do is take the benefit of low spot and use this time to stack physical Silver & Gold and try to get to our individual ounce targets asap, while the world of rocket science derivatives and gravity defying economics rumbles on and hope that somebody in authority has an equitable master plan in place to keep us secure into our retirement🤔
Np such thing as too cheap. Just got a roll of Kennedy's and hope to get more while it's still cheap.
I agree - bring it on!
But islver could go up more than gold
That would be insane!
Right now gold mines are still profitable but silver mines are near pointless, if your expecting mines to pay more to get their silver the price would have to go up big time, like 50%, gold was still worth mining at $500 oz, like oil dropping to $30 barrel then stops the pumps...silver is in a dead cat boh ce I believe right now and should go down to $12 oz before it goes to $20.....I thinking some people who are not caught up in brexit are keeping their powder dry for a lower price.
The one's I like I have in gold
Good stuff, gold is king
Melt them all down and make one huge bar. :-)
Actually I do like the 10oz coin size.
Silver ore is a commodity that is freely found if you know what you are doing, it is not a rare metal. Estimates report gold is 5-7x more abundant above ground than silver. Beneath the surface, silver is approximately 19x more abundant than gold. Silver is sometimes found in nature as a free metal but also appears with other minerals and deposits of ore like copper, gold, nickel, lead and lead-zinc. Silver is heavily mined around the world with the largest deposits being mined in China, Australia, Peru, Poland, Serbia, Bolivia, Mexico and Chile. So silver is relatively easy to mine as opposed to gold and hence the price is down and will carry on being low as it is freely available relatively. Even Diamonds are abundant and markets have to be shaved by the minute... So yes the price of silver will go down even further... That's why I don't have any silver in my safe..... Gold and platinum or rarer metals are the items to colect in my humble opinion.
A post Brexit Britain should make itself attractive to investors by cutting taxes and eliminating VAT.
Itd good thats its low ive been buying more ...
Yes indeed...so have many people!
Silver not going up in your reasoning is logical since not all silver demand is in silver eagle coins from us mint. :0. Would love to know why its actually not rising. Is it that impopular? You really think this is a pump n dump for some bankers? I cant believe this unless I see some proof ;)
Where do you by you're silver ..
BUTFT - BACK UP THE FRICKING TRUCK
The high US dollar is another reason.
Very true!
The dollar has fallen big time sine trump came in....it's about its previous rate to the pound but it's weak on the international market...the dow is at a record high but a chunk of that is low dollar.
@@BusyBeeCompany sorry but the US dollar has risen 3% in the last 12 months... See proof.
drive.google.com/file/d/18qNXv5wb_k5Fb1lHPgr3ViRl1aamaQVw/view?usp=drivesdk
@@garrycroft4215 If you goto us inflation calculator and put in 2016 to 2018 and see that was $20 in 2016 would now cost more then $21...more then 5% more in two years.
@@garrycroft4215 You might want to see what happens in October as the new healthcare costs kick in, it's going to drive that inflation big time....all the tax breaks drive up the debt and reduce the nation's income, it will not be pretty...still silver will drop further until consumer feargrows...which will be 2020 at least silver is a hedge against inflation and I flatiron is going to rise by the end of the year as the debt is counted...but I think silver wil not drop to under $11 .....so the drop won't be to harsh compared to $40 plus to now..this is bear market territory.
Next target in 3 months 10k Silver Oz 🤑
I like the way you think!
illimited knowledge
The question when it rises what do we look at any idea ? Can it ever reach $50 per once ?
Everyone tell your friends to buy $100,000 worth of silver from various sources for spot plus $100. Mhmm.
It will in 2020
paper silver is like bitcoin......doesn"t actually exist...
Golly gees...don't you get nervous with all that laying around???
I not like that one of I got a two zo
Second. Figures
Feels sad for you
@@BackyardBullion dont feel sad. Your video made me feel good again. 😁
You are paying too much. 2700 oz should cost around $45000 for even American Eagles. Currently $16.89 an oz for 500 oz monster boxes of American Eagles at Provident Metals.
Welcome to buying silver in the EU and UK. We pay about 15% over spot price for the cheapest silver.
Don't use music
Sorry, what!?
FIRST!! 🤣👌🏼
Congrats!
Pandas are for noobs and eagles are for dummies !every one knows the pros pick up Austrian Philharmonics!! Do you even stack bro?
Some people like them!
Do you really think it's a great idea handling other peoples purchases and showing their goods on youtube? Also, buyers would not appreciate all the micro scratches on the large coin capsules while you endlessly shuffle them around.
Nobody has complained to date - so no, I do not think so.
Backyard Bullion Just seems odd a dealer or supplier preview other peoples goods. Fair enough that people unbox their own goods or talk about their own coins as it belongs to them. Never seen a supplier do a unboxing on others goods. If your customers don't mind all is good.
It's part of the deal. BB gets to showcase lots of goodies for his channel and business. We get cheap silver with no hassle dealing with the European Retailers.
I take as much care as a dealer would. The only difference is I show it on RUclips. People agree up front and it is all OK. I have had something like 300 separate people and parcels done, not a single complaint.
Not sure why anyone would be that concerned considering you (royal you) have no idea who the owners are.
Silver to 22 USD by May 2019
Maybe - it would be nice!
USD to 72 from current or slightly higher position.