No you obviously don’t get it if you think silver is an investment instead of money itself. If you want to make money with money it’s usery and you are a leach on a system not producing. Do the hard thing man learn how to make something people need.
@@chadchaddy69 lol anti-usury? What are you, a communist? Credit will naturally occur in a free market, we just need interest rates that naturally float rather than ones that are fixed by the Fed.
@@chadchaddy69 Exactly it is not an investment, but a store of wealth. unlike crypto or any other investment if you have it you own it no one can take it away from you and you have complete control over it not someone else.
People don’t see it for what it is. Wealth retention, real (God’s) Money, and a hedge against the death of the currency that is the USD. JP Morgan also manipulates the prices for Gold and Silver. If that manipulation stops and true price discovery occurs, you would make money on Silver because the GSR is so high right now. Once you see PMs for what they truly are, then you understand you’re buying it for the long haul.
Instead of looking at it as an investment one should realize a simple truth. Your dollars are literally worthless pieces of paper - similar to the toilet paper you use. Imagine trading paper for gold, silver and jewels....Very soon that paper wont be worth anything but the gold and silver will.
I totally get that, and I try and keep a low cash balance for the exact reasons you mentioned. Every day a dollar sits in my bank, it looses purchasing power. At least from my perspective, stocks, bonds, etc offer a way of fighting inflation as well. If it was just cash vs precious metals, that would be a totally different story. Thanks for stopping by and sharing your perspective.
1:03 is in direct contradiction to your title and the ONLY true statement on the subject of PMs. Stay part time, don't give up your day job! Silver called, he said you're the WORST hands he's ever been in.
Wow! That sounds like you did really well. Like I said in the video, a lot of my experience was based on timing. I am genuinely happy for people that did well with silver.
@@ThePartTimeEconomist I like crypto and PMs. PMs are a long hold against the devaluation of the dollar. I think BTC is likewise a good long term hold.
If you buy a company with positive free cashflow, you can partially mitigate the risk of poor market timing because overtime the business is creating value. With speculative assets market timing is essential, and nobody has yet proven an effective way to do that. It really should only be used as a hedge.
That is a good point. IMO it is a bit easier to recover from a timing error when there is something that is constantly producing dividends or cash flow.
Have you heard about Atleta new project? They are at the launch stage, the project looks interesting. The testnet is currently underway. I would like to know your professional opinion as an expert))). Can I ask you to make a video review of this project?
100% as has platinum with is 35x rarer than gold. But silver is the definitely the most suppressed, in 1980 it hit its peak of $50 an ounce and adjusted for inflation it would be a little over $140 an ounce, it does have that potential but I definitely dont suggest buying in for that reason, buy it to hold
I agree. Silver has yet to do much in the past years. It's "running" now, but I think it will be short-lived. You said gold has gone up $10 since 2011? If you did, it has gone up much more than that since 2011. Just in the past month or so, it's gone up $300 per ounce. If I could do it all over again, I would have just stacked gold.
Gold going up is going to pull silver way up. The FED hasnt even cut interest rates yet. When that happens they will sky rocket. Just the news that Jerome Powell would be lowering interest rates later this year caused silver to jump 5% yesterday. And your right, gold is at an all time high of basically 2,300/oz.
@@lo-tar1442 I have silver too. It's just been frustrating watching it do nothing. It climbs to the current level then everyone gets excited only to see it drop back to the $22 range. Maybe this time will be different. IDK.
I hope I didn't say it wrong in the video, but I was only able to buy a very small fractional gold piece, and the value of that piece went up about $10. I think I am in the same boat. If I could get a do-over, I probably would just go with gold. IMO it has almost all the same benefits along with lower spread and higher portability. Thanks for stopping by.
Silver and gold are wealth preservers not really investments, its also near $28 dollars spot right now, i didnt buy as investment but now if i sold i would make a great profit, silver is technically outperforming gold currently, also I have a hard time saving and silver and gold have been fun and regardless if i make or lose money its still holds value and its money i would have wasted on useless things, so for me this is absolutely is the best thing for me. I have been able to store 10x what i would in digital or cash and this week i have made a large potential profit, however i wouldnt be too upset if it did go down. Bullets are also a good investment.
I do think you have a point about the difficulty of saving paper money. To be fair, my silver investment was NOT at all a way of preserving wealth since it fell in value by almost half. That being said, I wasn't super into investing back then, so if I didn't buy silver, I probably would have blown the money on something dumb. So, even if I lost purchasing power, I at least have something to show for it. In that respect, it was better to loose 50% on silver as opposed to loosing 100% by reckless spending.
That's some bad luck. But chasing a trend often (not always) ends badly. I got pretty nervous about the economy in 2018. And just generally felt some really bad times were ahead. I did research about what should one own if the economy crashes and precious metals were at the top of the list. I bought all mine at around 15, and the premiums were almost nothing back then. And bought a bunch of gold back then too at 1200. I guess I got lucky. But I think of it more like an insurance policy for the economy. If there is an economic crash, there will still be food. Fields and crops won't disappear. All food producers won't go out of business. It might be more scarce and expensive though, especially certain types of food. I'm not picturing Mad Max, I'm picturing the great depression or the Weimar Republic in Germany. People who hoarded gold and silver coins kept their quality of life, which is why the US gov confiscated them and made them illegal to own. In Weimar Germany (or Venezuela is a more recent example), though, paper money became increasingly worthless while those with gold and silver coins (or anything of value) used them to buy food directly from farmers. They didn't need to worry about spending all their money by the end of the day because prices would be up 20% tomorrow. I'm not saying it will definitely happen again, I'm just saying that I feel better having some just in case. If I never need it, all the better. I don't plan to buy more though.
Yes sir, the premiums on silver are outrageous, it really is a bad investment. Makes for a fun collectable though, and it's easy enough to sell if you have to.
I do love coins as collectables, and it is amazing to me to learn about the history and the story behind them. Some of them can even be relatively low priced, which I think is a great, accessible way of getting people interested in owning a piece of history.
Bitcoin is trash. All crypto is trash. The goal is to not have a pump and dump asset that's worthless but to have something of real value. I would take gold and silver any day over crypto. I would take 1,000 in gold over an entire bitcoin. Because regardless of its price - bitcoin is worthless - dollars are worthless.
It is kind of crazy for me to imagine how much I would have made if I decided to go with BTC instead of silver. I learned about BTC more or less the same time frame I started silver investing, so one simple decision could have changed things so much. Thanks for stopping by.
If you think silver's a bad investment, you'll be amazed to discover there are people stupid enough to invest in the debt of insolvent governments.
I get that. It seems like every few months the US is hitting its debt limit.
No you obviously don’t get it if you think silver is an investment instead of money itself. If you want to make money with money it’s usery and you are a leach on a system not producing. Do the hard thing man learn how to make something people need.
@@chadchaddy69 lol anti-usury? What are you, a communist? Credit will naturally occur in a free market, we just need interest rates that naturally float rather than ones that are fixed by the Fed.
@@chadchaddy69 Exactly it is not an investment, but a store of wealth. unlike crypto or any other investment if you have it you own it no one can take it away from you and you have complete control over it not someone else.
Too bad gold and silver aren’t an investment. Gold and silver aren’t an IOU. Gold and silver are payment in and of themselves
People don’t see it for what it is. Wealth retention, real (God’s) Money, and a hedge against the death of the currency that is the USD. JP Morgan also manipulates the prices for Gold and Silver. If that manipulation stops and true price discovery occurs, you would make money on Silver because the GSR is so high right now. Once you see PMs for what they truly are, then you understand you’re buying it for the long haul.
Yes precious metals are an investment.
@@mrwpg no they aren't, fool
Instead of looking at it as an investment one should realize a simple truth. Your dollars are literally worthless pieces of paper - similar to the toilet paper you use.
Imagine trading paper for gold, silver and jewels....Very soon that paper wont be worth anything but the gold and silver will.
I totally get that, and I try and keep a low cash balance for the exact reasons you mentioned. Every day a dollar sits in my bank, it looses purchasing power. At least from my perspective, stocks, bonds, etc offer a way of fighting inflation as well. If it was just cash vs precious metals, that would be a totally different story. Thanks for stopping by and sharing your perspective.
if paper is totally worthless, why are so many cash for gold selling establishments and websites screaming to take it in exchange for gold?
I would like to see an overview of the Atleta Network project
I’m join, also interesting
I too😊😊😊
1:03 is in direct contradiction to your title and the ONLY true statement on the subject of PMs. Stay part time, don't give up your day job! Silver called, he said you're the WORST hands he's ever been in.
This guy is totally clueless as to what real money is
wrong. this guy is totally clueless.
Very interesting information! Could you please do a review of the Atleta Network testnet? Thanks!
Silver was $5 when I got in. Patience.
Wow! That sounds like you did really well. Like I said in the video, a lot of my experience was based on timing. I am genuinely happy for people that did well with silver.
@@ThePartTimeEconomist I like crypto and PMs. PMs are a long hold against the devaluation of the dollar. I think BTC is likewise a good long term hold.
@@ThePartTimeEconomist that was not doing well. that was merely keeping up. how part time are you? 1/10th?, 1/20th?
@@josephjames259 are you absolutely nuts? BTC has no long term record. maybe you should see someone.
@@DrSchor Maybe you should reread my comment and apply reading comprehension skills.
Thanks for the video!! can you do a review on the Atleta Network testnet? I would look with pleasure 😼😼🌱
If you buy a company with positive free cashflow, you can partially mitigate the risk of poor market timing because overtime the business is creating value. With speculative assets market timing is essential, and nobody has yet proven an effective way to do that. It really should only be used as a hedge.
That is a good point. IMO it is a bit easier to recover from a timing error when there is something that is constantly producing dividends or cash flow.
1:14 seconds I'll never get back 🤦🏼♂️
there is a lot of talk about the Atleta Network testnet, make a video on how to pass the testnet, please
Have you heard about Atleta new project? They are at the launch stage, the project looks interesting. The testnet is currently underway. I would like to know your professional opinion as an expert))). Can I ask you to make a video review of this project?
I also hear a lot about this project... it will be interesting to see what you think about it
I heard about this project from a friend, he responded well! It would also be interesting to know the opinion of an expert!
It has so much potential. Price has been suppressed for 50 years.
100% as has platinum with is 35x rarer than gold. But silver is the definitely the most suppressed, in 1980 it hit its peak of $50 an ounce and adjusted for inflation it would be a little over $140 an ounce, it does have that potential but I definitely dont suggest buying in for that reason, buy it to hold
the price is always exactly what someone will pay you for it now.
there is no suppression, and not much potential.
I agree. Silver has yet to do much in the past years. It's "running" now, but I think it will be short-lived. You said gold has gone up $10 since 2011? If you did, it has gone up much more than that since 2011. Just in the past month or so, it's gone up $300 per ounce. If I could do it all over again, I would have just stacked gold.
Gold going up is going to pull silver way up. The FED hasnt even cut interest rates yet. When that happens they will sky rocket. Just the news that Jerome Powell would be lowering interest rates later this year caused silver to jump 5% yesterday. And your right, gold is at an all time high of basically 2,300/oz.
@@lo-tar1442 I have silver too. It's just been frustrating watching it do nothing. It climbs to the current level then everyone gets excited only to see it drop back to the $22 range. Maybe this time will be different. IDK.
I hope I didn't say it wrong in the video, but I was only able to buy a very small fractional gold piece, and the value of that piece went up about $10. I think I am in the same boat. If I could get a do-over, I probably would just go with gold. IMO it has almost all the same benefits along with lower spread and higher portability. Thanks for stopping by.
You can do it all again, starting today.
@@ThePartTimeEconomist you do have a do over. starting today
Silver and gold are wealth preservers not really investments, its also near $28 dollars spot right now, i didnt buy as investment but now if i sold i would make a great profit, silver is technically outperforming gold currently, also I have a hard time saving and silver and gold have been fun and regardless if i make or lose money its still holds value and its money i would have wasted on useless things, so for me this is absolutely is the best thing for me. I have been able to store 10x what i would in digital or cash and this week i have made a large potential profit, however i wouldnt be too upset if it did go down. Bullets are also a good investment.
I do think you have a point about the difficulty of saving paper money. To be fair, my silver investment was NOT at all a way of preserving wealth since it fell in value by almost half. That being said, I wasn't super into investing back then, so if I didn't buy silver, I probably would have blown the money on something dumb. So, even if I lost purchasing power, I at least have something to show for it. In that respect, it was better to loose 50% on silver as opposed to loosing 100% by reckless spending.
You could easily carry an ounce of silver and get several cans of beans while have good luck cutting up an ounce of gold to get those same cans.
that is why we have 1 gram gold bars, you silly goose.
@@DrSchor That's not a bar, that's a flake! It would disappear in your front pants pocket! :)
That's some bad luck. But chasing a trend often (not always) ends badly. I got pretty nervous about the economy in 2018. And just generally felt some really bad times were ahead. I did research about what should one own if the economy crashes and precious metals were at the top of the list. I bought all mine at around 15, and the premiums were almost nothing back then. And bought a bunch of gold back then too at 1200. I guess I got lucky.
But I think of it more like an insurance policy for the economy. If there is an economic crash, there will still be food. Fields and crops won't disappear. All food producers won't go out of business. It might be more scarce and expensive though, especially certain types of food. I'm not picturing Mad Max, I'm picturing the great depression or the Weimar Republic in Germany. People who hoarded gold and silver coins kept their quality of life, which is why the US gov confiscated them and made them illegal to own. In Weimar Germany (or Venezuela is a more recent example), though, paper money became increasingly worthless while those with gold and silver coins (or anything of value) used them to buy food directly from farmers. They didn't need to worry about spending all their money by the end of the day because prices would be up 20% tomorrow.
I'm not saying it will definitely happen again, I'm just saying that I feel better having some just in case. If I never need it, all the better. I don't plan to buy more though.
Yes sir, the premiums on silver are outrageous, it really is a bad investment. Makes for a fun collectable though, and it's easy enough to sell if you have to.
I do love coins as collectables, and it is amazing to me to learn about the history and the story behind them. Some of them can even be relatively low priced, which I think is a great, accessible way of getting people interested in owning a piece of history.
It is good to have investments but it also good to have silver
you totally missed the point: it is bad to have silver. I am worried about you.
@@DrSchor I don't have much most my investments are stocks in my company.
Cool
Please review the Atleta Network testnet 🙏
please do a review of the Atleta Network testnet
Good thing you're only part time, because you're not very good at this gig.
ahaha. well i can't say anything, i'm down multiple 99% investments. up significantly overall though. primarily crypto. sometimes things don't work.
Glad to hear that the crypto worked out for you. Crypto seems to be hit or miss. Some people do REALLY well and then other people get totally wrecked.
so you paid more than face value?
he did
Waste of money and time.. should have bought silly Bitcoin at 2011 as I wanted...or classic car and enjoy the ride
Bitcoin is trash. All crypto is trash. The goal is to not have a pump and dump asset that's worthless but to have something of real value. I would take gold and silver any day over crypto.
I would take 1,000 in gold over an entire bitcoin. Because regardless of its price - bitcoin is worthless - dollars are worthless.
It is kind of crazy for me to imagine how much I would have made if I decided to go with BTC instead of silver. I learned about BTC more or less the same time frame I started silver investing, so one simple decision could have changed things so much. Thanks for stopping by.
@@ThePartTimeEconomist there are a lot of things you can buy right now for which you will say the same thing. seek and thee shall find
you got to ask yourself a question, pilgrim: what should you buy right now?
This guy has no idea what's going on right now, does he.
Participating in testnet Atleta Network counting on a good airdrop. I would like to see a video testimonial from you.
Heard a lot about this project! A promising project in my opinion. I would like to hear yours 😛