I'm 16 years old, I work a small job stacking shelves in a shop at the weekend. I've managed to get 150 OZ of silver and 4oz of gold. Hope it sets me up for the future.... I really want to buy a nice watch haha
Good for you, I wish I could give advice on what is going to happen, to buy more or wait?? At your age,, you have more than 9999 percent of anyone your age.
I don't think of it as silver climbing to $100 per ounce I think of it as the dollar falling so low that it takes a 100 of them to buy an ounce and yes I see it happening
My expected silver peak price to be between $70 and $120, but my model is not particularly defined -- I basically just take gold forecasts (based upon fred.stlouisfed.org/graph/?g=tugK) and assume a GSR of 30-35, so I divide the smallest gold price target by 35 and the greatest by 30. If the currency collapses, or if the M2 stimulus measures continue, these price targets become kinda meaningless.
That’s pretty much why I’m buying gold and silver as well. I’m not buying for me. I’m buying for my 2 adult children and my grandchildren. I don’t have much to leave them either. But I can leave them this.
I started collecting when American eagles were selling for seven bucks. Never paid over fifteen dollars an ounce. Today I have quite a quantity of silver stored. I hope I don't have to sell it. Will be passing it on to my kids someday. If nothing else, it's fun to hold and look at.
true . could be in big safe .. in metals bank .. to heavy to steal and add a dog .. if ya tell ya can't burry it .. see robbers with metal detectors . lol..
I'm poor and have 25 ozs of silver, several hundred saved and my house payed off. You have to live in your means, be frugal, and stubborn. I got in when it tanked at 11$.
I’m 12 been collecting since I was 7 and have just under 50 oz. now for me that’s a lot considering my budget but I just came into some money and of course it’s almost $30 an ounce
Is silver worth more, or is the dollar worth less? I ask myself this whenever I buy assets... Thus far it has always proven to be the right decision for me.
If you've told anyone, tell em you sold it. Look to your security young man. If silver really takes off, there are some bad people out there. Don't draw attention to yourself, Good luck. Keep doing your research, and don't be taken in by scammers.
I started stacking a littile over a month ago and I just purchased my latest/last stack at about 31.30 an ounce I paid that much because I can't really get stackable silver where I live The seven dollar an ounce premium hasn't got me too scared since the economy is so weak precious metals are bound to go up anyway so my losses will be cut in the long run Greetings from Puerto Rico
When Venezuela’s fiat bolivar crashed & inflation went hyper, it was reported that an ounce of silver could buy 3 months of groceries. So one tub or 20 ounces represents roughly 5 years of food on the table.
Doubt that will happen but it's better to keep some savings in silver and gold even though it's not a guarantee that someone will pay what spot price is going for. On top of buying metals, I also bought another welder and more tools to get me side gigs if needed
I thought about this too but I saw that a pair of shows was 10mil bolivars. Another commentator stated that it will cost more us dollars to buy silver bc of inflation but think of what the cost of bread will be relative to cost of silver per ounce at trade in price etc
There wasn't food to buy in their stores when it crashed anyways. Further who would want to part ways with their food for silver/gold if inflation is that high and food is that valuable? You can't eat silver, you can bread.
@@derekspalding3091 yes skills. The more u have the better. One who can pilot a plane and drive a manual has more skill sets than one who can only drive an automatic transmission.
Stared stacking about 5 months ago with the goal of 20oz of silver a month. I stayed true to 5 coins a week and will continue to do so. My thought is that even though im paying higher premiums is that the process will allow me to "dollar cost average in" and still stay true to that goal. Im strictly stacking silver, and when i can gold, as a hedge against the inflation and difficult financial times to come ahead. I will only sell once my back is to the wall and have exhausted all other resources so that I can protect my family. My only regret was that I didn't start sooner. Just my thoughts... I appreciate your videos, its nice to hear other ppl opinions, strategies and thoughts. After all we all want the same thing... protection from what we cannot control.
Nice, just remember the space it takes to store physical silver. I capped myself at 500 oz's and even though I want more I switched to 1/10th gold instead last few months
@@MykieDYDSS that information is completely wrong. When you buy silver, gold, or any other precious metals, there is a premium above the spot price called a mark up. This is because the dealer needs to make money to stay in business. Now, if you buy the silver and then sell it back to them the following day, you will lose money because the dealer will buy it from you at spot or a little below spot. Therefore, the premium goes to them. They will never buy silver with a premium, then sell it at a premium. That makes no sense because they wouldn't make any money on the metal. It goes against all things that is business.
People who think that metals will only go up to the extent that the dollar is devalued don't understand human nature. Gold and silver have been undervalued and will increase in valued several times faster then inflation. When people realise their money isn't safe, they will rush to trade their dollars for sound money and will not be worried about overpaying. The greedy will see the bull trend and buy into the momentum. Silver and gold will go up 2x its historical value compared to other assets like real estate and agricultural land.
Yep. I have 36 ounces of silver and a couple grams of gold and I'm already up $500 from the time I purchased. Only got it to store my wealth and it increased significantly.
I'm glad I bought my silver eagles in 2017 with $25.00 per oz along with my favorite constitution silvers :) Anyone stack silvers make a good choice in life :) "I personally experienced once in my lifetime silver is a solution when in life and death situation. Many years ago my father stacked silvers and when the war broke out in South East Asia in the 60s silver gave my family a second chance of life"
I started stacking about 8 months ago. Finally have 750 oz. Average of 19.50 per ounce. Also have about 30 oz sterling jewelry. Other than jewelry I dont own any gold. I am betting silver will out perform gold.
I wouldn’t either. I understand unexpected things happen... but that’s why I believe we should stack a little cash for financial emergencies. I’d rather burn through the currency than the actual money
Mike, I haven’t watched one of your videos for a long time. You have improved significantly with both increased confidence and humility. You have a great speaking voice as well.
My girl is the same way. I ask her why she's mad I'm preserving savings. Not everybody can wrap their minds around the fact that silver is real money and the paper we trade aint worth the paper it's printed on.
I think silver will continue to climb. I agree that it is possible silver could hit in the triple digits one day. It is interesting to keep watching it climb, especially with everything going on in the world. It makes sense.
I think that could be low. The dollar to silver ratio on debt clock is over $4000 an oz. The only reason it's so low is all the manipulation with paper contracts. I believe a reset and reevaluation is coming very soon. If that happens we could see 4 digit silver
Precious metals are wealth preservation. The hard part is judging what it would be worth if there is a financial disturbance. For example if the dollar became worth the same as a sheet of toilet paper (like it did in the Great Depression) you can no longer compare silver to the dollar.
I was buying 250 oz silver eagle of silver when it was $5 an oz from the mint a few times over the years.When I was young and bought and I was buying gold at $250 an oz I like collecting coins over the year. I like buying full sheets quarters sheets. Of $2 sheets. I a long term silver and gold hoarder
Absolutely having 3months-6months of living expenses for savings is crucial. A medical emergency or emergency car repair/replace is critical to survive.
From what I understand, there is between 3 and 4 billion ounces of silver above ground. This equates to less than an ounce for every person on planet earth.
I carried ten 1/10 oz AGEs on missions in Iraq. I figured if I needed to bargain for my safety, gold was better than the promise made on the “blood chits” we carried. Fortunately, I never had to use them for that purpose. So yes, I agree with your view point.
Hi, thanks for your clear insight, I bought the passed year about 40oz of silver, I believe silver has massive potential.. Supply and demand is one big reason. Thanks for your video
25oz? I have been stacking for maybe 12 years. Sometimes at a rate of 10oz a day! I don’t even know how many Oz I even have but has to be in the thousands.
Historically when gold is trending up the silver to gold ratio lowers to 15% or even less. 15% of 2000 is 300. But when gold is at 20k, silver is at 3k. So yes, 400/ounce is easily possible.
I'm one of those people that you mentioned; I recently bought 237 oz. of silver and some gold in preparation for the collapse of the dollar, the economy, and hyperinflation. I believe that this was a wise move because stocks, bonds, and other investment portfolios as well and currency won't be worth anything in this scenario. The only items of value will be precious metals(though their value will be intrinsic), ammunition, food, and possibly firearms.
If I can pick up a couple rolls of silver eagles with the stimulus check, I'll be a happy camper. It's all getting cost averaged down right now anyway.
I spent my 4 weeks of UI (they cut me off, still don't know why) on silver. I currently have 24oz. 100oz is my goal. I did purchase 20 1/100th oz gold bars too. Whenever they crank the PUA back out, 100% of that is going towards silver. I'll suck it up and make it happen.
I've gradually added over last few years. Half oz when I had little to no money years ago and just last year added 2 100oz bars. Have over 500 oz's and a couple in gold over the course of 8 years now. Not my intention for prepping for an eventual financial collapse. It has been for the greater part of this, a hobby. Love the 90% pre 64s and as far as what can happen? Who knows, but it may increase some more maybe to the 30s and 40s especially with so much money from the Fed being pumped into the economy. Stat safe everyone ✌
You called it right when you posted this video a little over a month ago! This morning, spot silver is $29/ozt as I write this and Provident is selling American Eagles for $35 each and buying them back at $32 each!
The late howard ruff who published the ruff times used to recommend 1000 ounces of silver for each member of the family. That was Back in the 1980's and 90's. It was a tall order back then and a bigger one now. I have my "25" silver stash and now focusing on prepping and gardening. Silver is for the other side of the "super depressuon" for recovery. Food,water, and prep will get you though it rough times.
Not true lots of legit dealers are on there now due to shut downs. Ive bought alot on there for spot or only $2 premium. I dont buy from individuals on there.
You get more variety of silver if you buy on Ebay and 99% of my transactions have been legit and the ones that weren't, I got reimbursed so I lost nothing.
I’m 16 and I think I managed to stack my first 100 oz stack in 8 years. With some gold about a 1/10th ounce. 80oz of them is silver eagles!! I bought them $17 each man
Silver is waaaay undervalued and can easily go over $100/oz. So glad I started stacking years ago. Have way over 25 ounces. Fiat WILL crash to zero; just a matter of time.
You have car insurance, home insurance, health insurance, life insurance, gold and silver is wealth Insurance ! Buy and hold we don't know what the future is going to be like .
@@esetek 😂chicken ranch- why it was called that. Real estate market and relationship market going to correct severely to reflect value-not debt. The discounts are coming gentlemen.
I started stacking as an extra savings account to protect me from inflation. But I never considered the rise in silver during a situation like covid and how it could potentially save my ass if I ever lost a job. Good video man, this was eye-opening.
Absolutely! To be honest, same for me. I started just to simple save money & use it as a hedge against inflation... didn’t think til a couple months later that the stack could REALLY help us during financial hardships. Not that I would part ways with the silver if I needed cash... but I sleep better at night knowing it’s there for me if I need it!
Yesterday I was lucky here in Germany in my town in the pawn shop I bought 132 pieces of Maria Theresia Theler for 2,310€ so 17.50€ per piece. At first he wanted 18€ a piece but when I said that I would take all the ones he had there it was He agreed with €17.50. Each Maria Theresia thaler corresponds to exactly 75% of an ounce in terms of silver content, so I bought exactly 99 ounces with these coins, so €2,310 divided by 99 makes an ounce price of only €23.33 per ounce. There is a coin shop 500m away from the pawn shop that charges €20 each for the same coins, which is why I prefer pawn shops. I can get silver coins here very close to the spot price
Started buying more silver when covid 19 came into play. Only been able to get about 100 oz so far. Always sold out. I'll keep trying. Can buy gold but rather silver.
Im watching this video 3 years after it was put out. Price has been everywhere. Right now, today, spot on silver is about $25.15 per ounce and you can get silver at very low premiums. Even $1 over if you shop around.
Great video. I have been stacking Ag since 2002 when it was just $5/oz. I am also one of those people who also bought Ag at the highs in 2010/11 when it was $50/oz!! At the end of the day the price of Ag is irrelevant. What is more important is the preservation of your purchasing power and what you can get for it. Ie. This is basically what your wealth really is... How much your time and labour is worth as most people exchange time for money. The govt is continuously debasing the currency you earn which essentially means that your life and labour is worth less every year. Well you can stop that by just continue to stack. Ignore the idiots who claim that precious metals have not yield... Well fiat has even less yield now as real interest rates are in negative territory!!
I started about the same time you did . Started with small gold coins, but soon became convinced of silver's great potential. I loved getting "junk silver" uncirculated '64 JFK halves at slightly LESS than spot price. You are right- "ignore the idiots" Good Luck and God Bless
update the video again. Spot price breached the 27 dollar price. If it breaks thru 27.9 which is a certainty 30 dollars spot will come in a matter of a few days. With gold over 2K silver is should be at least 40 dollars per silver RIGHT NOW.
I have heard this from EVERYONE dealing with silver. Some saying it might go up 8x it's value. "Some" BIG time buyers or dealers ( sound greedy telling you it will go up, BUT to be weary if it goes down and don't just deal with silver etc.) As if telling US small time buyers not to buy or hoard like they are.
@@dcheck6569 why dont you just look at the price of a house, and then look at the price of gold there. Look at bolivar to gold chart. Current gold price is 509,642,700
Eagles are going up because the mint isn't making anymore this year...so people that know are buying them up...added to eagles normal high demand...and this present shortage I expect 2020 eagles premiums to rise drastically within the month as word gets out...not all people read press releases lol...but word of mouth will get around
That’s supply & demand for ya! Insanity. 2020 eagles probably will carry a high premium. Not ONLY due to lower mintage, but I expect anything with 2020 on it will be seen as a key date. In 15 years we are all gonna be having “2020 flashbacks” whenever that number is mentioned 😂
My local coin dealer on gives premium (~$1-2) on minted coins (ex silver liberty). Silver bars are only given spot! And yes, you pay a HEALTHY premium when you purchase from them. Usually $2.50-$3 on a 10oz bar ... $4-$5 on minted government coins.
I really hope silver spot price goes back down, i want to keep stacking in the mean time im stacking cash if silver goes down i will have tht cash ready!!!
Fred Fischer not going to buy until it goes down and it will like history had shown us. Like i said i had done it the past. I dont get carried away for the moment!
Think about it. A constitutional dollar (.92 0z) was a days wage in good times. 15 dollars was a solid master craftsmen weekly pay in 1910. Someone with 20 years experience. 25 oz was a good bit of money.
Nice presentation. This video sounds like it is for the people who can afford to buy and hold silver. People living pay check to pay check certainty will not be buying silver. They couldn’t afford to .
Happy new year my friends! And my stacking family 👪 ! I've acquired 500 oz of silver, 110 grams of gold and 1 oz of platinum in 2020.....let's see what 2021 brings us! 👌
I BEGGED close friends and family to buy some metals, at least "just some." Most thought it was stupid or a scam. others that were able "to get it to together" and purchased some ended up selling it later at some crackhead "we buy gold" place at small loss. So I gave up and and will look out for those that I care for myself. If they deserve it! LOL
What happens when there is no fiat, no food, and no hope? what are we going to do with our shiny rocks? In dark times, who is really going to trade their bottle of water for 1oz of silver? I love stacking back im trying to wrap my head around why its REALLY worth stacking. Part of me feels like it will never get that bad and will be able preserve/make money, but the other part of me feels all stackers are going to be stuck with a lot of heavy shiny discs that serve no purpose. At the end of the day you cant eat gold and silver.... If you can shed some light it would be greatly appreciated.
No one is stacking silver to eat it. That’s why we are stacking food preps as well. I don’t fully believe in that whole “SHTF doomsday” stuff. I’m stacking to save money, not for the end of the world lol
I have the same thoughts. I've bought over 500 silver oz's and 8 in gold but over the course of 8 years. Also, instead of buying all metals, I bought an additional welder and more tools for side gigs to do.
I bought 5 ounces of Silver right before Corona hit and the prices fell and Silver Availability went to near zero because the dealers were holding until the price went back up. Now they are making a killing.
It can absolutely climb, but will it stay all the way up? Likely no. Which is why ideally I’d like to convert some silver to gold when the GSR gap closes in a bit 🥈🥇
I currently have 1500 Oz in silver mainly in the 10 Oz bars, i brought back in 2015 when it was arount $15 an Oz. As silver has so much more industrial applications and is used in many products i wonder if it will ever trade above $100 an Oz? 🤞
If you take the value of silver based on the US debt clock the value of silver in 1913 was $ 2.65, today it shows silver to be valued at $ 4,100.00, so your 25 once’s is worth quite a bit more!
I buy one ounce per family member per month. Running on a limited budget, but it adds up quickly. Each of my kids have 1 oz of silver for each month they have been alive.
Having extra money is absolutely necessary. You will need someone who recognizes silver as an asset of value which might be a problem with the grocery store clerk. I am also in to crypto currencies. While these are volatile, not all of them are. The 17-26 year olds consider this their gold and we should at least have $1k of Bitcoin as it seems to be correlating with gold as a hedge against inflation. Plus even online bullion dealers will accept Bitcoin which should tell you something about the actual value of Bitcoin to them. Bitcoin users have the same attitudes about privacy, the worth of fiat currency, and digital possession. They say, “Not your keys, not your crypto!” Us silver bugs say, “Not in your possession, not your silver or gold!” Additionally, I can fit all my crypto on a smart phone, or thumb drive. I have stacked both and am entering 2021 confidently.
I'm 16 years old, I work a small job stacking shelves in a shop at the weekend. I've managed to get 150 OZ of silver and 4oz of gold. Hope it sets me up for the future.... I really want to buy a nice watch haha
TheSoloRunner I miss the days of living at home rent free lol
That is awesome!! But I REALLY hope you don’t use those metals to buy a watch 😂
U r a talent and I wish when I was 16 😊😊😊 now 38 n think if I did what u have done I’m a millionaires now!!!
Mykie DYDSS yup. Save it for a house. Watches are a luxury nobody needs
Good for you, I wish I could give advice on what is going to happen, to buy more or wait?? At your age,, you have more than 9999 percent of anyone your age.
I don't think of it as silver climbing to $100 per ounce I think of it as the dollar falling so low that it takes a 100 of them to buy an ounce and yes I see it happening
Yup. When currency gets weaker, real money gets stronger 💪
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Soon
My expected silver peak price to be between $70 and $120, but my model is not particularly defined -- I basically just take gold forecasts (based upon fred.stlouisfed.org/graph/?g=tugK) and assume a GSR of 30-35, so I divide the smallest gold price target by 35 and the greatest by 30.
If the currency collapses, or if the M2 stimulus measures continue, these price targets become kinda meaningless.
If/when it gets to $100/oz I will finish paying off my truck/student loan/house
I don't care how high it goes. I'm stacking for my sons. I might not leave them much, but at least I'll leave them my stack.
That’s an awesome idea
That’s pretty much why I’m buying gold and silver as well. I’m not buying for me. I’m buying for my 2 adult children and my grandchildren. I don’t have much to leave them either. But I can leave them this.
Great post and sentiment, Ed
Me too. And my boys will have a decent start.
Respect bro!
I started collecting when American eagles were selling for seven bucks. Never paid over fifteen dollars an ounce. Today I have quite a quantity of silver stored. I hope I don't have to sell it. Will be passing it on to my kids someday. If nothing else, it's fun to hold and look at.
I could feel this coming and was able to gather 300oz in the last 3 months. New stacker and I’m in love. Got half at 17
That’s awesome! Congrats on your decision to trade fiat for money 😃 Felt this coming as well... just didn’t think it would happen this quick!
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I started last December and after my first purchase I started having dreams about silver so I bought more and more and more and I'm glad I did!
ponzo1967 sweet, I started last October. Got about 526 oz
@@AnointedOne4God Started June 15 2020 and now have 611 oz at an average price of $23.21. I felt it coming last year but was to dumb to start I guess.
In the late 90s Warren Buffett purchased about 3,500 tons of silver ,that's when I figured I better start buying silver.
That’s almost 6.4 million ozT. Assuming 3500 USA tons.
LOL! Warren has made billions from buying stock in good companies and reinvesting their dividends not from sitting on silver bars.
I hit 100 ounces of silver last week, before the spike in prices.
That’s awesome! Congrats on the milestone. Next stop: 200oz?
@@MykieDYDSS yes! But first I'm hoping to grab some gold American eagle 1oz coins.
Same just happened to me. Bought my first 100 ounces a couple weeks ago at $22, today is over $24
I've been seriously stacking since 2015, about 1600 oz of silver and 2kg gold
Word of advice, don't brag numbers online. Loose lips, sink ships.
I.P address noted!!
@@wefukthenwo hacker
@@wefukthenwo hes a hacker and stole his stash . its okay .. he used your i.p/ address. lol
true . could be in big safe .. in metals bank .. to heavy to steal and add a dog .. if ya tell ya can't burry it .. see robbers with metal detectors . lol..
I'm poor and have 25 ozs of silver, several hundred saved and my house payed off. You have to live in your means, be frugal, and stubborn. I got in when it tanked at 11$.
Damn, if your have your house paid off, bravo
@@danskdna8550 you only own it until the govt confiscates it.
@@95rav they can only confiscate it if you give it to them. Wth?
Sell old tools, cars, stuff you dint need, collect more silver, youll do OK
HomeValue Glass better to have a roof over you and a little silver than the other way around
I’m 12 been collecting since I was 7 and have just under 50 oz. now for me that’s a lot considering my budget but I just came into some money and of course it’s almost $30 an ounce
Is silver worth more, or is the dollar worth less? I ask myself this whenever I buy assets... Thus far it has always proven to be the right decision for me.
@@shaneschofield6303 dollar is worth less and silver is worth more. For the investment side and material use side of things
If you've told anyone, tell em you sold it. Look to your security young man. If silver really takes off, there are some bad people out there. Don't draw attention to yourself, Good luck. Keep doing your research, and don't be taken in by scammers.
@@adespade119 I will, but me and my family are armed to the teeth. And I probably shouldn’t say that either but I did
If silver can go to $50 back in 1980, it can go to $150 today.
It was almost 50 in 2011.
@@robertsmith3774 . Yes but $50 back in 1980 was worth about $150 2011. The dollar has devalued since then.
Silver went to $50 because 2 brothers cornered the silver market. That won't happen again. Laws are in place.
@@markburch6253 . No. There's a lot more to it than just the THREE Hunt brothers.
"Laws are in place". Give me a break.
Everyone forgets it got that high back then because of a scam
I started stacking a littile over a month ago and I just purchased my latest/last stack at about 31.30 an ounce
I paid that much because I can't really get stackable silver where I live
The seven dollar an ounce premium hasn't got me too scared since the economy is so weak precious metals are bound to go up anyway so my losses will be cut in the long run
Greetings from Puerto Rico
Where can i purchase silver? Does it get shipped to my door directly? How can we trust what we get?
@@rasanchez169 apmex.com is the site i'm using at the moment
They have high premiums but are among the best/most trusted
@@rasanchez169 and they do ship directly but are on a slight delay
I bought 120 ASEs at $26 a a few months ago when silver was at $15.... talk about a $11 premium 🙄 was pretty mad
Same reasoning I had when I picked up tubes of silver eagles at $23 per ounce and now I am in the black in just a couple of weeks.
When Venezuela’s fiat bolivar crashed & inflation went hyper, it was reported that an ounce of silver could buy 3 months of groceries. So one tub or 20 ounces represents roughly 5 years of food on the table.
Doubt that will happen but it's better to keep some savings in silver and gold even though it's not a guarantee that someone will pay what spot price is going for. On top of buying metals, I also bought another welder and more tools to get me side gigs if needed
Looking at how much groceries you can get with an ounce of silver is the correct way to look at silver and other precious metals.
I thought about this too but I saw that a pair of shows was 10mil bolivars. Another commentator stated that it will cost more us dollars to buy silver bc of inflation but think of what the cost of bread will be relative to cost of silver per ounce at trade in price etc
There wasn't food to buy in their stores when it crashed anyways. Further who would want to part ways with their food for silver/gold if inflation is that high and food is that valuable? You can't eat silver, you can bread.
@@derekspalding3091 yes skills. The more u have the better. One who can pilot a plane and drive a manual has more skill sets than one who can only drive an automatic transmission.
Stared stacking about 5 months ago with the goal of 20oz of silver a month. I stayed true to 5 coins a week and will continue to do so. My thought is that even though im paying higher premiums is that the process will allow me to "dollar cost average in" and still stay true to that goal. Im strictly stacking silver, and when i can gold, as a hedge against the inflation and difficult financial times to come ahead. I will only sell once my back is to the wall and have exhausted all other resources so that I can protect my family. My only regret was that I didn't start sooner. Just my thoughts... I appreciate your videos, its nice to hear other ppl opinions, strategies and thoughts. After all we all want the same thing... protection from what we cannot control.
nicely said! much love
Nice, just remember the space it takes to store physical silver. I capped myself at 500 oz's and even though I want more I switched to 1/10th gold instead last few months
And where exactly are going to sell it??
@@alanbud5181 You sell it back to the store owners for about 5 percent under spot value and they will buy it.
well said
When we sell our silver we don't get the premium the dealer does
Not necessary
Where can an average guy sell small amounts of silver at above spot?
@@MykieDYDSS that information is completely wrong. When you buy silver, gold, or any other precious metals, there is a premium above the spot price called a mark up. This is because the dealer needs to make money to stay in business. Now, if you buy the silver and then sell it back to them the following day, you will lose money because the dealer will buy it from you at spot or a little below spot. Therefore, the premium goes to them. They will never buy silver with a premium, then sell it at a premium. That makes no sense because they wouldn't make any money on the metal. It goes against all things that is business.
@@ahdhehcfudjdnc4859 be your own dealer on ebay or instagram
So, you must be the dealer.
People who think that metals will only go up to the extent that the dollar is devalued don't understand human nature.
Gold and silver have been undervalued and will increase in valued several times faster then inflation.
When people realise their money isn't safe, they will rush to trade their dollars for sound money and will not be worried about overpaying.
The greedy will see the bull trend and buy into the momentum.
Silver and gold will go up 2x its historical value compared to other assets like real estate and agricultural land.
Keep talking dirty
Agriculture land YES, however current real estate prices overvalued, correction upcoming... needs to be in correlation with real household incomes
@@homevalueglass3809HaHaHa ! Talking about sky-rocketing metal prices has really got you "turned on", does it ??
Yep. I have 36 ounces of silver and a couple grams of gold and I'm already up $500 from the time I purchased. Only got it to store my wealth and it increased significantly.
I'm glad I bought my silver eagles in 2017 with $25.00 per oz along with my favorite constitution silvers :) Anyone stack silvers make a good choice in life :) "I personally experienced once in my lifetime silver is a solution when in life and death situation. Many years ago my father stacked silvers and when the war broke out in South East Asia in the 60s silver gave my family a second chance of life"
Even a dirty Mercury looks beautiful to me. Love the wings on Liberity.
I started stacking about 8 months ago. Finally have 750 oz. Average of 19.50 per ounce. Also have about 30 oz sterling jewelry. Other than jewelry I dont own any gold. I am betting silver will out perform gold.
Silver goes to 100 in the next 10 years mark my words
I have been buying since 2011/12. I'm not rushing out to buy right now. I'm paying down bills instead.
Nice!! Did you get started during silver’s $40-50 hike? Or afterwards on the way down?
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I personally believe Silver's way undervalued and I do believe it could hit 100 to $300 an ounce
Anything is possible 😎
With all that is happening in the world I would not sell my silver until I HAD to.
I wouldn’t either. I understand unexpected things happen... but that’s why I believe we should stack a little cash for financial emergencies. I’d rather burn through the currency than the actual money
Mike, I haven’t watched one of your videos for a long time. You have improved significantly with both increased confidence and humility. You have a great speaking voice as well.
I wish I could convince my girl of the value of stacking silver she's continually giving me shot about buying it.
It’s not for everyone 🤷♂️
You might as well wish to reverse gravity or stop the tides, they are just as likely to happen.
She needs to kicked to the curb... she’ll be begging to get back with you when your stack matures..
My girl is the same way. I ask her why she's mad I'm preserving savings. Not everybody can wrap their minds around the fact that silver is real money and the paper we trade aint worth the paper it's printed on.
Stacks of Purses and shoes but where are the stacks of silver
Yes..everyone should know this...thank you for sharing.
I appreciate that, thanks 💪
With the uncertainty of times ahead I'm trying to buy as much as I can, the best thing about silver and gold is it's barter capability.
I think silver will continue to climb. I agree that it is possible silver could hit in the triple digits one day. It is interesting to keep watching it climb, especially with everything going on in the world. It makes sense.
I think that could be low. The dollar to silver ratio on debt clock is over $4000 an oz. The only reason it's so low is all the manipulation with paper contracts. I believe a reset and reevaluation is coming very soon. If that happens we could see 4 digit silver
That why I have focused on stacking Canadian junk. I have still have been able to find some deals. Canadian Silver dollars are a joy to stack still!
APMEX now has a minimum purchase of $299, due to high demand. Never heard of that before from a large bullion dealer.
Yeah saw that today myself. Interesting.
Precious metals are wealth preservation. The hard part is judging what it would be worth if there is a financial disturbance. For example if the dollar became worth the same as a sheet of toilet paper (like it did in the Great Depression) you can no longer compare silver to the dollar.
I was buying 250 oz silver eagle of silver when it was $5 an oz from the mint a few times over the years.When I was young and bought and I was buying gold at $250 an oz I like collecting coins over the year.
I like buying full sheets quarters sheets. Of $2 sheets. I a long term silver and gold hoarder
Soon you'll have to update your video to "How one ounce of silver can save your life".
Honestly that would be GREAT! But hopefully I won’t have to update it for a while 😂
Glad I bought 2k oz 5 years ago at 13 (on ave).
Incredible. I got a solid portion of my stack during the summer/fall of 2018 when spot was $13-14. Dang glad I capitalized on that sweet discount! 😂
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Wow bro..! Congrats!! Your children will be taken care of!
That’s Amazing!!!!
That's a nice stack, hope you have a solid safe to keep all that in 😅
Absolutely having 3months-6months of living expenses for savings is crucial. A medical emergency or emergency car repair/replace is critical to survive.
People have always said 1-3 months. I’ve always said 3-6 months... now 2020 has made me think okay maybe 12-18 months 😂
From what I understand, there is between 3 and 4 billion ounces of silver above ground. This equates to less than an ounce for every person on planet earth.
Not sure of the exact number but that’s a lot of silver & that’s just the silver ABOVE ground!
I carried ten 1/10 oz AGEs on missions in Iraq. I figured if I needed to bargain for my safety, gold was better than the promise made on the “blood chits” we carried. Fortunately, I never had to use them for that purpose.
So yes, I agree with your view point.
Thankyou for your service UH Blackhawk. And also good advice🙂👍🍀
You the man!!! Thank you for your service. God bless you and your family...
Tell me why I did the exact same thing but I have 5oz in silver coins and then a gold ring that I would use for the same reason.
@@drip369 thank you for the support!
In nam it was a name brand gold watch
Hi, thanks for your clear insight, I bought the passed year about 40oz of silver, I believe silver has massive potential.. Supply and demand is one big reason. Thanks for your video
25oz? I have been stacking for maybe 12 years. Sometimes at a rate of 10oz a day! I don’t even know how many Oz I even have but has to be in the thousands.
I’m sure you’re treasure chest looks good
Historically when gold is trending up the silver to gold ratio lowers to 15% or even less. 15% of 2000 is 300. But when gold is at 20k, silver is at 3k. So yes, 400/ounce is easily possible.
I'm one of those people that you mentioned; I recently bought 237 oz. of silver and some gold in preparation for the collapse of the dollar, the economy, and hyperinflation. I believe that this was a wise move because stocks, bonds, and other investment portfolios as well and currency won't be worth anything in this scenario. The only items of value will be precious metals(though their value will be intrinsic), ammunition, food, and possibly firearms.
How to spend ur edd money and 2nd stimulus check= buy silver😁
What is Edd money? Lol & as for the stimulus, my plan is (same as the first)... save 1/3, convert 1/3, invest 1/3 😁
Spent $900 of the $1200 on silver. This time it'll be $1200
If I can pick up a couple rolls of silver eagles with the stimulus check, I'll be a happy camper. It's all getting cost averaged down right now anyway.
My thoughts exactly.
I spent my 4 weeks of UI (they cut me off, still don't know why) on silver. I currently have 24oz. 100oz is my goal. I did purchase 20 1/100th oz gold bars too. Whenever they crank the PUA back out, 100% of that is going towards silver. I'll suck it up and make it happen.
I've gradually added over last few years. Half oz when I had little to no money years ago and just last year added 2 100oz bars. Have over 500 oz's and a couple in gold over the course of 8 years now. Not my intention for prepping for an eventual financial collapse. It has been for the greater part of this, a hobby. Love the 90% pre 64s and as far as what can happen? Who knows, but it may increase some more maybe to the 30s and 40s especially with so much money from the Fed being pumped into the economy.
Stat safe everyone ✌
I have managed to save 150 oz ... doing all-right and its better than nothing
Nice!! That’s 150oz more than the average person has saved up!
Got my first ounce when spot was $5.71
I miss being able to an once of gold for 200-300$ ☹️
@@bentley4l back when an ounce of weed was more than an ounce of gold.
cracker man The MY D Y D I do remember those days. Wish I bought gold instead of weed. Lmao I’d be set for life.
You called it right when you posted this video a little over a month ago!
This morning, spot silver is $29/ozt as I write this and Provident is selling American Eagles for $35 each and buying them back at $32 each!
$200 silver. $10,000 gold. I never imagined they would print this much fiat currency. Project Zimbabwe.
Gold will hit 5k within a year, and silver 100$ within a year, 10k gold within 10 years and 2-300$ silver within 10 years..
Carl Boehm Solid Carl! I own 50/50 in real and gold and silver miners. I keep the real stuff because I like holding it and someday it may buy freedom.
The late howard ruff who published the ruff times used to recommend 1000 ounces of silver for each member of the family. That was Back in the 1980's and 90's. It was a tall order back then and a bigger one now. I have my "25" silver stash and now focusing on prepping and gardening. Silver is for the other side of the "super depressuon" for recovery. Food,water, and prep will get you though it rough times.
Never sell your silver on ebay. The fees and the scammers are not worth it.
@Aaron O ' Cathain . The 10% is also applied to the postage. I live in Canada and we have very high postage prices, so that 10% becomes about 20%.
It's not wise to buy it on ebay either. Not because of fees but scammers are pushing a lot of fake silver.
True that why you need to make sure it is either junk silver or mint state from pcgs or ngc
Not true lots of legit dealers are on there now due to shut downs. Ive bought alot on there for spot or only $2 premium. I dont buy from individuals on there.
You get more variety of silver if you buy on Ebay and 99% of my transactions have been legit and the ones that weren't, I got reimbursed so I lost nothing.
I’m 16 and I think I managed to stack my first 100 oz stack in 8 years. With some gold about a 1/10th ounce. 80oz of them is silver eagles!! I bought them $17 each man
Silver is waaaay undervalued and can easily go over $100/oz. So glad I started stacking years ago. Have way over 25 ounces. Fiat WILL crash to zero; just a matter of time.
You have car insurance, home insurance, health insurance, life insurance, gold and silver is wealth Insurance ! Buy and hold we don't know what the future is going to be like .
A very wise take.
2022: gold spot $5000/oz. Silver spot $125. (premium on physical silver: $800). Beef: $35/lb. Milk: $13/gallon. Gas: $4/gallon. Iphone: out of stock.
What about hookers and cocaine?
@@esetek 😂chicken ranch- why it was called that. Real estate market and relationship market going to correct severely to reflect value-not debt. The discounts are coming gentlemen.
@@esetek I'm sure your cocaine will go up in value, but your hookers may decline over time.
Nice gifts!! Generous of you Joseph
I would agree! Shoutout to Joseph
I started stacking as an extra savings account to protect me from inflation. But I never considered the rise in silver during a situation like covid and how it could potentially save my ass if I ever lost a job. Good video man, this was eye-opening.
Absolutely! To be honest, same for me. I started just to simple save money & use it as a hedge against inflation... didn’t think til a couple months later that the stack could REALLY help us during financial hardships. Not that I would part ways with the silver if I needed cash... but I sleep better at night knowing it’s there for me if I need it!
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@@MykieDYDSS you got it brother
Yesterday I was lucky here in Germany in my town in the pawn shop I bought 132 pieces of Maria Theresia Theler for 2,310€ so 17.50€ per piece. At first he wanted 18€ a piece but when I said that I would take all the ones he had there it was He agreed with €17.50. Each Maria Theresia thaler corresponds to exactly 75% of an ounce in terms of silver content, so I bought exactly 99 ounces with these coins, so €2,310 divided by 99 makes an ounce price of only €23.33 per ounce. There is a coin shop 500m away from the pawn shop that charges €20 each for the same coins, which is why I prefer pawn shops. I can get silver coins here very close to the spot price
Started buying more silver when covid 19 came into play. Only been able to get about 100 oz so far. Always sold out.
I'll keep trying.
Can buy gold but rather silver.
why is that
Sdbullion.com has some.
Legacy coins in Tampa has all you can handle. Awesome ppl there!
I stacked like crazy with these prices and over time and got my average including wire fees, taxes, premiums all the way down to 23.70 an oz.
I do the same with multiple web tabs open shopping different sites with all the same added to the carts to find the best price! 👍
That’s the way to do it!! 🪙
Im watching this video 3 years after it was put out. Price has been everywhere. Right now, today, spot on silver is about $25.15 per ounce and you can get silver at very low premiums. Even $1 over if you shop around.
Used all my savings and bought 8000 Oz of silver 2 months ago. Hopefully did the right thing
That’s a lot of silver! How many fiat dollars did that run you?
@@MykieDYDSS about USD 160k.
@Nick Arilotta lol. Hopefully !
I am on 100 oz level right now, looking forward to 500 oz level but it’s very hard to get silver here in Japan since December 2019.
Great video. I have been stacking Ag since 2002 when it was just $5/oz. I am also one of those people who also bought Ag at the highs in 2010/11 when it was $50/oz!! At the end of the day the price of Ag is irrelevant. What is more important is the preservation of your purchasing power and what you can get for it. Ie. This is basically what your wealth really is... How much your time and labour is worth as most people exchange time for money. The govt is continuously debasing the currency you earn which essentially means that your life and labour is worth less every year. Well you can stop that by just continue to stack. Ignore the idiots who claim that precious metals have not yield... Well fiat has even less yield now as real interest rates are in negative territory!!
I started about the same time you did . Started with small gold coins, but soon became convinced of silver's great potential. I loved getting "junk silver" uncirculated '64 JFK halves at slightly LESS than spot price. You are right- "ignore the idiots" Good Luck and God Bless
update the video again. Spot price breached the 27 dollar price. If it breaks thru 27.9 which is a certainty 30 dollars spot will come in a matter of a few days. With gold over 2K silver is should be at least 40 dollars per silver RIGHT NOW.
I started two weeks ago ): I only have 50 oz and paid around 1350
More than most people man. I'm fairly new as well, although it has taken me a few months to get up to 50oz due to financial constraints
I brought 3 kilos around 2.5 the VAT took most of my 3k investment. I'll just keep stacking ready for this explosion.
i only have like 41 oz but we're early man i feel it.
Only about $27 per oz... not bad AT ALL!
I have heard this from EVERYONE dealing with silver.
Some saying it might go up 8x it's value. "Some" BIG time buyers or dealers ( sound greedy telling you it will go up, BUT to be weary if it goes down and don't just deal with silver etc.) As if telling US small time buyers not to buy or hoard like they are.
I heard somewhere that 1 oz of silver buys 3 months worth of food in Venezuela? .?
Another reason to stack silver. It may get that way here.
And 1oz gold buys a house!! 38000000 of "there dollars" (bolivar)
@@JoshuaDeanHealey I'd have to be there and see it to believe it
@@dcheck6569 why dont you just look at the price of a house, and then look at the price of gold there. Look at bolivar to gold chart.
Current gold price is 509,642,700
I bit the bullet and bought a total of 50oz some rounds, half kilo bars etc. if it goes down I’ll average down
Silver is your own savings account. Several advantages and options by stacking silver.
Eagles are going up because the mint isn't making anymore this year...so people that know are buying them up...added to eagles normal high demand...and this present shortage I expect 2020 eagles premiums to rise drastically within the month as word gets out...not all people read press releases lol...but word of mouth will get around
That’s supply & demand for ya! Insanity. 2020 eagles probably will carry a high premium. Not ONLY due to lower mintage, but I expect anything with 2020 on it will be seen as a key date. In 15 years we are all gonna be having “2020 flashbacks” whenever that number is mentioned 😂
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My local coin dealer on gives premium (~$1-2) on minted coins (ex silver liberty). Silver bars are only given spot! And yes, you pay a HEALTHY premium when you purchase from them. Usually $2.50-$3 on a 10oz bar ... $4-$5 on minted government coins.
About 5 kilos of silver here plus 2 oz of gold
I’m already anxious for tomorrow to come. I love this.
Ironic that 25 ounces of silver could save your life and 30 pieces of silver could cost you your life.
Your soul
@@biblebookclub668 how much it cost to rent a soul?
@@lovemywife698 About 10 to 15 depending on the soul.
@@Warvvolf 🤣🤣😆😅
Yes- the difference between night and day. Buying silver to protect your family, or being paid silver to betray a friend. God knows !
I’m 8 and I’ve been stacking silver since I was 5, I have accumulated 150 oz of silver and 12kg of gold.
Wow, Amazing!!!! I am 92 but only have 5.89441 oz of Silver :(:(:(.
I'm heavy into silver right now. I'm waiting for the gold/silver ratio to get to 40 or below and then I'll move most of it into gold.
There's something about buying silver that makes me never want to get rid of it. It feels like real money.
I could sell 25 ounces of silver (generic rounds) at my LCS for $712.50 as of today).
Hahah it’s crazy how much spot price (& premiums) have moved since this video
You are right about that the price will go up and if the money go into digital currency!
I really hope silver spot price goes back down, i want to keep stacking in the mean time im stacking cash if silver goes down i will have tht cash ready!!!
That’s what I’m doing. Holding but looking for an opportunity to “buy” at a discount!!
It’ll go down for a week or so especially after a vaccine comes out public then it will go to the moon .
Good luck finding any!
TheRazzaManazza i had done it in the past. Im in no rush! Silver goes up and down all the time. Be patient
Fred Fischer not going to buy until it goes down and it will like history had shown us. Like i said i had done it the past. I dont get carried away for the moment!
Think about it. A constitutional dollar (.92 0z) was a days wage in good times. 15 dollars was a solid master craftsmen weekly pay in 1910. Someone with 20 years experience. 25 oz was a good bit of money.
Nice presentation. This video sounds like it is for the people who can afford to buy and hold silver. People living pay check to pay check certainty will not be buying silver. They couldn’t afford to .
A 1964 silver dime can be picked up for $2-3
Yeah, im mad I didn't get into silver soon enough. Already have 5 oz coming my way, and will be stacking atleast 5oz a week form now on!
For a millennia, silver traded at 10% of gold. This was before the creation of fiat currency. $200 silver?
Definitely a possibility! Hopefully it’s a slow rise... I don’t have enough silver yet 😂
Happy new year my friends! And my stacking family 👪 ! I've acquired 500 oz of silver, 110 grams of gold and 1 oz of platinum in 2020.....let's see what 2021 brings us! 👌
Happy new year 🎆 Hoping 2021 treats us better than 2020 did!
I BEGGED close friends and family to buy some metals, at least "just some." Most thought it was stupid or a scam. others that were able "to get it to together" and purchased some ended up selling it later at some crackhead "we buy gold" place at small loss. So I gave up and and will look out for those that I care for myself. If they deserve it! LOL
@ryan lee same.
stack for the ones you love
@ryan lee l would have a hard time not rubbing their face in it.
@ryan lee good for you I was too chicken I only bought an ounce of gold and maybe 30 oz of silver
Same! Told my close family members looked at me crazy, we went all in with the silver
I can't remember the Country. But thay are already issuing cards With 10 g of gold in them
Cards for what?
@@MykieDYDSS exchange for product substitute for cash
Silver hit 50 in 1980 /50 today is inflation adjusted 167.00 so I think it could hit near that soon
It’s definitely a possibility 🤔
gold $5000 /oz silver $500/oz.
I just reached a kilo of silver
That’s awesome! Congrats. Next stop: 2 kilos? 😃
I'm on just around half a kilo in 2 months. I think I need to slow down... 😂
I have just under 2 kg ASW. Pretty much all in 80% and 90% “junk”.
What happens when there is no fiat, no food, and no hope? what are we going to do with our shiny rocks? In dark times, who is really going to trade their bottle of water for 1oz of silver? I love stacking back im trying to wrap my head around why its REALLY worth stacking. Part of me feels like it will never get that bad and will be able preserve/make money, but the other part of me feels all stackers are going to be stuck with a lot of heavy shiny discs that serve no purpose. At the end of the day you cant eat gold and silver.... If you can shed some light it would be greatly appreciated.
No one is stacking silver to eat it. That’s why we are stacking food preps as well. I don’t fully believe in that whole “SHTF doomsday” stuff. I’m stacking to save money, not for the end of the world lol
I have the same thoughts. I've bought over 500 silver oz's and 8 in gold but over the course of 8 years. Also, instead of buying all metals, I bought an additional welder and more tools for side gigs to do.
So if 25 can save my life I think I'm sitting pretty with 500 nice much love guys keep staking
I bought 5 ounces of Silver right before Corona hit and the prices fell and Silver Availability went to near zero because the dealers were holding until the price went back up. Now they are making a killing.
The bigger question will it maintain a higher value.
It can absolutely climb, but will it stay all the way up? Likely no. Which is why ideally I’d like to convert some silver to gold when the GSR gap closes in a bit 🥈🥇
I currently have 1500 Oz in silver mainly in the 10 Oz bars, i brought back in 2015 when it was arount $15 an Oz.
As silver has so much more industrial applications and is used in many products i wonder if it will ever trade above $100 an Oz? 🤞
Congratulations! I think you can be sure we will see silver go well over $100/oz.
Got 35 now and planning for a whole lot more.
Congrats on that 👏
If you take the value of silver based on the US debt clock the value of silver in 1913 was $ 2.65, today it shows silver to be valued at $ 4,100.00, so your 25 once’s is worth quite a bit more!
That's my whole argument, sell for what? More Fiat? Nah lol
No, best to trade it for food and medicine, first aid kit and clothing.
I plan to shave 1/2 of my silver after the increase and exchange for gold
I buy one ounce per family member per month. Running on a limited budget, but it adds up quickly. Each of my kids have 1 oz of silver for each month they have been alive.
Having extra money is absolutely necessary. You will need someone who recognizes silver as an asset of value which might be a problem with the grocery store clerk. I am also in to crypto currencies. While these are volatile, not all of them are. The 17-26 year olds consider this their gold and we should at least have $1k of Bitcoin as it seems to be correlating with gold as a hedge against inflation. Plus even online bullion dealers will accept Bitcoin which should tell you something about the actual value of Bitcoin to them. Bitcoin users have the same attitudes about privacy, the worth of fiat currency, and digital possession. They say, “Not your keys, not your crypto!” Us silver bugs say, “Not in your possession, not your silver or gold!” Additionally, I can fit all my crypto on a smart phone, or thumb drive. I have stacked both and am entering 2021 confidently.
How much you make off the buttcoin???
Best websites to buy silver and gold at the lowest mark up? Where have you guys found good deals?
I always open up 4-5 different tabs, visit 4-5 different sites & compare. Some have flash sales, which can help