Silver & Gold Are NOT Good Investments...The Truth Behind Why I Collect Precious Metals...
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- Опубликовано: 7 авг 2024
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Its also a great way to transfer wealth without letting anyone know.
Wealth preservation, not investments. Decent hedge against inflation, although not the best.
perhaps
I think silver and gold are a good investment but there are greater yet riskier investments
I remember the silver rush, 4/22/2011. Silver spot reached $46.68. I sold two silver eagles for 91 dollars, and $5 face value of junk silver for $145. I didn't have much silver to sell.
I recently got a silver eagle from work. A customer came in and used it to buy a beer. Haha I was thrilled. It's from 2007. Very cool!
Check to weight of it, 31.1qrams. Might be fake .
The best way is to invest in stocks of the companies that produce.......
thanks for the grounded perspective on silver investing. most youtube channels are very singularly focused about SILVER, SILVER, SILVER!! I appreciate the more well-rounded perspective. thank you.
I collect silver as a way to save money I cannot spend easily and to have something to give to my children.
Nice looking set of coins :)
All the best
regarding at about the 7 minute mark, there are things that we actually must buy in order to survive, such as food, so not everything will eventually be forced to go down if a price gets “too high”.
i have been making losses trying to make profit trading crypto. I thought trading demo account is just like trading the real market... can anyone help me out or at least advise me on what to do?
trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade .
i will advice you should stop trading on your own if you keep losing and start trading with Mrs Katherine Miller trading services.
wow i'm shocked you just mentioned and recommended Mrs katherine Miller i thought i was the only one trading with her
you don’t need to be shocked because i'm also a huge beneficiary of Mrs Katherine
She earned my trust since october, when my colleague got paid USD 13500 after investing About 2000
Nice silver coins man I like it
So have you got all the years (silver Dollars) if not what years do you need?
still looking for a few hit me up on IG if your looking to trade for knives and gear ;) cutleryloverjeff
when I first got into coin and currency collecting I never saw it as an investment but more as a historical or design interest such as unique attributes or features. I do see it as a wealth preservation method but the silver and gold jewelry and utensils i have (found at thrift stores) are part of that system
Invest in ammo and guns, they will always be relevant. I have a 8 garm gold ring and a guy I know said that in the blockade in Sarajevo such a ring cost 4 7.62x39 rounds for your AK so you can live.
I love collecting historical sliver coins the history etc never really did it for the idea I’ll
Get something special other than the enjoyment I get from the coins sliver is valuable but people might overthink how much value it really has at times enjoying the hobby brings more value imo than the metal likely ever would
Rolex are great investments, I just ordered one from an AD and it’s already worth $3000 more than what I paid. Some are way crazier.
That's only IF you get the ones that are valuable....you can walk into a gold shop and buy all the gold you want. You cannot walk into a Rolex AD and buy a Panda, Hulk, or Pepsi whenever you want.
@@TheTrueNorth11 I didn’t say watches I said Rolex. A Rolex gmt master II pepsi, brand new is around 10,000 and they are so hard to find if you want a used one they are $25,000 or more
@@TheTrueNorth11 many high end watches have precious metals and gemstones in them that hold value but nowhere near the watch cost, watches can be fun and cool and make you money but I agree like knives it has to be specific ones and hope that it trends in the future...I always wanted a rolex just a bucket list item but not anywhere near the top of my priority list these days lol
Good morning, I am just a collector of things, depending on what I get interested in. Comics, zippos coins knives ,etc .I have never sold them and have no plans to. They bring me happiness and that's why I have them.
@@TheTrueNorth11 haha. Just a couple of dragons sitting amid our hoard .
Silver/gold is for the long term. You should buy it with the intention to only sell/gift it much later. You can hold it and sell it for cash later or give it to your family with no trail of that transfer. What I recommend is put your money is cash flow investments and use your returns/dividends to purchase a percentage of gold or if you can't afford that then silver for storage. Every asset has a purpose you just have to know how to leverage it.
Silver and gold leaves you with a warm sorta secure feeling. You setting up for your future. My precious metal? LEAD, there might come a time when it is the most sot after barter item.
Where do you find cheap lead? I could only find it cheap in bulk.
The only lead I keep is complete with a copper layer around it, while it is in a brass pedestal that has a hidden compartment with smokeless powder.
@@BoredAmerican I gotcha. Lol I'm trying to find cheap lead for diving weights.
@@DynamoDylan try un regulated shooting areas. Gotta work for it though.
"sot" ?
Jeff, you’re slightly off about the wealthy owning silver. Warren Buffet invests HEAVILY into silver as does Bezos, and the entire board of JP Morgan. And that’s a mix of physical as well as ETF
I think the last time Buffet invested in silver was in the 90's, when Berkshire-Hathaway held about a billion $ worth. Which was something like 1/30th of his investments. Generally speaking Buffet overwhelmingly prefers owning stocks.
They owned ETF's in metals not the physical thing or at least much of it.
@@alpham777 own, and they are enormous holders of physical as well
@@CreampieSamuri he owns about 1 billion $ in silver. Sure that's a lot, but his current net worth is over 100 billion $, so it's really less than 1%. Point is, while he's not entirely against metals, he built his fortune on stock and companies. He's also repeatedly said the best investment you can make is to own an index fund of the S&P 500.
Silver is not an investment because this implies that you buy it in the hope that its value in dollars goes up so that you can then sell it for dollars. But why would I sell something with value for something that has no value? It is not a hedge against inflation either because the idea that you buy silver because you are worried your monopoly money will lose value is nonsense. The dollar has no value to begin with. No you buy silver because it has value and dollars do not. It is money and dollars are not. You buy it because the fact that you can exchange worthless paper for a useful, finite, precious metal is insane. And when the dollar is inevitably abandoned, the purchasing power of the silver will be 100s of times greater than the dollars that you used to buy it.
It's just another form of money... Diversification
Stack sats, enjoy the coins
the coins will have value no matter what but if government jumps in on crypto that can ruin the market overnight...there wont ever be a law against owning precious metals even during Executive Order 6102 only lasted for 16 months from 1936 to 1938 and not all the gold was given back by choice...
Gold and especially silver are actually worth a lot more than spot, and worth a lot more than what you pay for them in reality. It's not an investment because it doesnt earn money but it certainly is a great deal if you hodl. Keep in mind the capital gains tax on it is high
I've not got 1000 Ounce of Silver but I do have 1400 grams
not bad at all thats roughly what 40 something ozt?
Your video makes a lot of sense, I agree with you. As for crypto, Bitcoin seems to be worth about 45,000. If it is below 45,000 it is safe to buy, and above 45,000 it can be sold for a little profit. Personally I don't trade in crytpo or individual stocks, I don't have the spare money. Imagine the guys who bought bitcoin back in the day for like 10 dollars a share?
Up until 20xx, savings accounts had a profitable interest rate. Now, it's been at zero for over a decade. So compared to that mess, gold is an investment, but still a reserve, because it's main worth isn't in trade, like crypto or fiat currency.
Exactly. An investment is something you have good reason to believe will increase in value beyond inflation. Metals don't qualify. Own stocks (through well-diversified index funds) for your whole life and get rich slowly.
If silver went to $10, you'd still pay $25 to $30. I personally believe silver goes negative in price like oil did. Cost per physical ounce would go up. It would also eliminate the short positions that are rigging the price. Pray for zero, fellow stackers!
Unless you are a jeweler
well art is a whole different subject lol we know jewelry price has little to do with the precious metal value or even gem count...you can have a ring with $30 worth of gold sell for $4000 or a ring with $2000 worth of gold sell for $2000...
@@cutlerylover that's what I am saying if you are a jeweler silver and gold are a good investment because you can sell it back at an increased price by adding the work included to make it an item of jewelry
@@velazquezarmouries yeah they take raw materials and make art and make money...I wonder how the increase and decrease of metals prices effects their bottom line? I imagine as prices go up and the cost of jewelry goes up people still want jewelry anyway?
Jeff, get an account at fidelity (or wherever) and open a ROTH invested in low cost total market index fund. then make a video about it. lol.. Can't wait.
For a future record, as of today Magellan(fmagx) is at $12.99/share. We can see what it is per share in the future, including dividends reinvested. 10K would buy 769.822 shares.
Jua beri your silver you cant caryy 70lb lol
News on Television is always negative at an exaggerated rate!
But the Collapse is soon
Jesus - born to a virgin, turned water to wine, taught, healed the sick, raised the dead, casted out demons, walked on water, and calmed the storm, among many other things. He was killed, and three days later He rose from the dead. Forty days later He ascended into heaven where He sits at the right hand of the Father. He is returning very soon, but before He does, Satan, the devil, is coming to pretend to be Jesus. Satan is an angel, and he will have certain supernatural powers with which to try to fool everyone. He will, for example, be able to make fire come down from heaven in the sight of men. He will only be on earth a short time before the real King of Kings, Jesus Christ, God in the flesh, returns. When the real Jesus comes we will all be transformed into our spiritual bodies at the same moment. Jesus came to offer forgiveness of sins and eternal life to anyone who believes and calls on His precious name!
...the works of the flesh are manifest, which are these; Adultery, fornication, uncleanness, lasciviousness, Idolatry,
witchcraft, hatred, variance, emulations, wrath, strife, seditions, heresies, Envyings, murders, drunkenness, revellings, and
such like: of the which I tell you before, as I have also told you in time past, that they which do such things shall not
inherit the kingdom of God.
For all have sinned, and come short of the glory of God - Romans 3:23
For the wages of sin is death; but the gift of God is eternal life through Jesus Christ our Lord. - Romans 6:23
For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. For God sent not his Son into the world to condemn the world; but that the world through him might be saved. He that believeth on him is not condemned: but he that believeth not is condemned already, because he hath not believed in the name of the only begotten Son of God. - John 3:16-18
Now when Jesus was in Bethany, in the house of Simon the leper, There came unto him a woman having an alabaster box of very precious ointment, and poured it on his head, as he sat at meat. But when his disciples saw it, they had indignation, saying, To what purpose is this waste? For this ointment might have been sold for much, and given to the poor. When Jesus understood it, he said unto them, Why trouble ye the woman? for she hath wrought a good work upon me. For ye have the poor always with you; but me ye have not always. For in that she hath poured this ointment on my body, she did it for my burial. Verily I say unto you, Wheresoever this gospel shall be preached in the whole world, there shall also this, that this woman hath done, be told for a memorial of her. - Matthew 26:6-13
The great day of the LORD is near, it is near, and hasteth greatly, even the voice of the day of the LORD: the mighty man shall cry there bitterly. - Zephaniah 1:14
For the Son of man is not come to destroy men's lives, but to save them. - - Luke 9:56
the fruit of the Spirit is love, joy, peace, longsuffering, gentleness, goodness, faith, Meekness, temperance: against such there is no law. - Galatians 5:22-23
Thou shalt do no murder, Thou shalt not commit adultery, Thou shalt not steal, Thou shalt not bear false witness, Honour thy father and thy mother: and, Thou shalt love thy neighbour as thyself.
The usefulness of silver and gold are to protect your existing wealth. Not to grow it so much.
Thats true if you only bought it once...The idea is non wealthy people buying little at a time to grow wealth with time they otherwise would not have due to spending those small amounts for other stuff that isnt important or gets consumed and is gone forever
@@cutlerylover In that sense it is just saving money. Saving US dollars vs spending them on silly stuff works the same way.
But in terms of choosing to hoard silver vs hoard US dollars….hoarding US dollars is going to be a bad idea over time as it’s value continues to plummet. Hoarding silver, at least theoretically based upon history, maintains the value that you put into it.
That all assumes that the historical desire for silver is maintained indefinitely and that it can later be traded for goods, services or fiat later when you want to cash out.
I’m not a silver hunter, but just scored 10 1964 silver quarters. Cashed in $3 lotto ticket and got quarters to throw in a coin pusher game. Felt n heard them when I shook them in my hand and knew I had something different. 10/12 were silvers. Not a bad score to throw in the jar of other ones I’ve randomly come across over the years.
I've got the same mindset when it comes to metals. I really enjoy holding physical coins in my hands but as an investment they're more of a hedge. I get far more value out of collecting and enjoying my coins than I do in a straight dollar sense. some of my 25+ year old pieces are worth quite a bit over melt value, which is nice, but I have no interest in selling.
edit: if you get a chance, read up on JPMorgan and their massive silver hoard that would make smaug jealous. I dont fully understand the implications myself but its an interesting read.
Something BIG is happening folks! Blockchain is the future. No longer will we be left fighting over crumbs.
Here comes the William Ziker ads.
There are two kinds of people who are into crypto. One are people who are already rich and two are people who never stop telling you how rich they will get and how rich you can get from it. The latter is the definition of a pyramid scheme.
you can get rich on crypto with a bit of research and a bit of luck BUT you need money to make money, most of the crypto holders are guys and girls who put $500 into a meme stock, those people will never see real money thats life changing...With luck and good timing the could certainly make a few thousand bucks though...If people were more realistic about it they wouldn't put in as much as they do I put a few hundred into crypto looking to make a few thousand thats about it I know I wont be rich lol...
The inflation forty years ago took an entire decade, the inflation today took ONE YEAR. Thanks Biden.
LETS GO BRANDON
True, I remember that
Precious metals are a total commodity. As a long term investment, they’re really not good.
Do you like diamonds for an investment?
Diamonds are a scam. They're artificially higher than they should. DeBeers and other diamond conglomerates hold tons upon tons of diamonds in warehouses and only release a small amount per year to artificially keep the price high. That's why, if you buy a diamond engagement ring for say $3,000 and she says no or whatever, you can't return it back for $3,000. They may buy it back from you for a fraction of the price, because jewelers know there's a glut of the product already. I'd stay away from diamonds unless it's something recreational like panning for them.
ruclips.net/video/1YZG5zujr8Q/видео.html here's an explanation.
no, although I did buy a small diamond years ago for an investment I still have it lol it was more for fun and cheap like $200...I believe like metals gemstones will always have value but how much depends on a lot of things I think unless you dont already deal with diamonds for a living not to get involved with it...
Precious metals are a reserve, not an investment.
WRONG!!!! Silver and gold are good investments ! Bit coin is a shamboozle !
I agree they are stupid investments investing in gold and silver now that there more better options out their
Ammo is still the best investment with or without rule of law, buy when republican is in office and sell when the democrats are. Also It gets +100 value after the grid goes down. And hey its fun too.
Somebody knows how crypto works and it's not me or you!!!
well like any free market prices go up when people buy it and they go down when people sell it its all about supply and demand BUT the rich do things to control these prices for example the price suppression of silver has kept the prices low becasue big banks like JP Morgan sells millions of ounces to itself cheap to offset the market, they have been cauhgt twice I think and fined but they probably make more money by it then the fines so they wont stop...
lnvesting in crypto now shouId be in every wise individuaIs Iist, in some months time you'II be ecstatic with the decision you made today.
How do I start trading with Williams
Thanks , placing my trade with expert william ASAP
This entire thread is very clearly an advertisement, to anyone who reads this I urge caution
Here we go again !!! Come on guys change the script a bit cause your looking like a sour candy already.
Well who will give me 1000 dollars and i will give you 3000 dollars when your buddy makes me these profit like yourself are making? What a deal not even a bank would say no so who in??????