The Big Picture For Silver - War, Debt & Safe Haven Assets
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- Опубликовано: 16 окт 2024
- Sometimes we just need to zoom out and take a look at the big picture for the silver price...
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I have a set amount I buy weekly with no concern of spot price. Dollar Cost Averaging will free your mind of worry and stress of bullion pricing. though I so admit, when bears are having their way with silver, that week I buy heavy
I Buy once a month....ALWAYS one on order...Silver. NEVER send to your home.
Where do you send it then? @@zed332l
Have ridden the bull and the bear. Just not worried about it. It all depends on whether we get our government back. If Dems win, it's over.
Pretty much silver will never lose value and go to zero like stocks n crypto. Silver like gold is wealth, youll be wiser to understand so.
I have no problem with pullbacks. I bought another 200 mercury dimes when silver dropped to 28.70 on thursday.
I like mercs too. Purchased a $1000 face value of dimes in 1975. Haven't taken the time to look for mercs vs. rosies.
Sometimes I wonder how much constitutional silver still exists.
Must be a bunch
.
nice!
Lots of jewelry being made
Mercury dimes are the move, once gone that's it, stack on 🇺🇸 🇻🇮
I wouldn't even consider selling my silver until $50+ even then how much purchasing power would 50 dollars have?
Tips are already being taxed, "the IRS treats tips as taxable income. If you earn tips, then you're responsible for paying income, Social Security, and Medicare tax on that tip money." My employer supplies the IRS with our biweekly tips and our tips are taxed. Every state requires restaurant/ service employers to submit how much tips we make or they get audited.
I've noticed some places here pooling tips together and dividing them up amongst the shift. That probably sucks too. I usually tip minimum on my card and put cash in there too, hoping the servers are smart enough to pocket the cash.
@@KurtOnoIRonce they establish their CBDC everything will be taxed. Slowly they will tax about every income source that is produced
Trump said no taxes on tips!!! Trump 2024!! 🇺🇸
You people working on tips have had it to good for to long. Living in those multi -- million dollar houses and driving around in your $100,000 imported cars. We have tens of millions of non citizens that need a little compassion here. You should be ashamed of yourselves. Why, it's your duty and obligation to move your family into the street and give them your everything. You would feel much better about yourself. BTW, yes, I am being cynical.Do the right thing! The giant carrot feels the same way.
Great content as always.
We have no leader of the free world. No wonder this is happening.
Great video and information ℹ️💪🥈
I would not sell my silver. It would be bartered in a crisis time. Some would be swapped for gold if the GSR narrows substantially. It will be an heirloom. That is all.
Very insightful thanks sharing up your knowledge
You can’t unwind a Ponzi. Step away from the casino buy PMs.
Yep cause the House always wins. 🙄
Debt Clock says Silver is $233/oz
Welcome to stacking!
Buy on the dips. Stack stack stack
Silver price will triple in 2 mounths from now, so a dollar or two makes no difference buying now.
Bet you a 1000 oz it won't.
Triple in value because of World War III? Or is it the deficit death spiral?
@@gipsytree the Commex LBMA will default on physical deliveries sending Silver ' Too the Moon 🌙!'🤪
Im getting a cat feeder, filling it with merc. dimes and setting it to feed every 5 mins. Jingle jangle😊
Listening to Sports Radio; they are talking Jordon Love 10 year contract north of 500million; this is just a snap shot of the amount of available fiat floating around(I am not saying he or even Patrick Mahomes doesn’t deserve to get paid north of 800million for 10 year contracts once they start paying these QBs). But even more money is coming home - I flatiron isn’t going anywhere. Even with last Fridays inflation numbers - people are saying “yeah it’s leveling out”. Leveling out doesn’t mean it is getting better or even that prices are going to go down. What we are paying now is the new Normal. Be safe and stack.
GROY TMC and AG 🚀🚀🚀🚀
Unallacated silver would love more on this topic
Silver institute last reprt mentioned that investors are dumping silver bullions by %28 last year. I think that is clearly reflected in crashing premiums right now. I believe when an asset class is heavly oversold and obviously hated like this it may be on the verge to go up sooner. Just a thought! But it's also wise to buy when it's at least a hair above the bottom of the 30 days chart as an additional buy signal.
My LCS is paying 75 cents unders spot for silver because EVERYONE is selling.
Then they shouldn't be selling... unless they need the $.
That's it !! My LCS is at least $1-1.50 back but yes everyone is selling right now
@@Carman-2012 My lcs dealer here wanted 23.34 times face several months ago. No idea what he is selling for today. This guy is typically closed on Mondays most likely to sell stuff he purchased for melt. This guy is relatively new to the business and I often wonder if he'll survive.
Piles of the stuff at my LCS.
They said that back at $22 as well. I wonder how much "selling" is left? At any rate it has much higher to go. All those channels like pound of gold were saying coin shops were flooded with silver. How is the price going up then? Because retail is always on the wrong side.
Russia, Iran & China. Not looking bad anymore. Western AIPAC state-craft is failing.
Very good brotha thxu 👍
Do your research on tariffs! They ae not inflationary & they are mostly absorbed by the exporter & they do lead to lower prices. This happened in the steel industry, etc.
Clearly you don’t understand tariffs. Any tariffs are paid by the consumer. The manufacturer makes a widget in China for 10 dollars. Tariff is 10 more dollars.
The manufacturer now charges wholesale distributor 30 dollars. The wholesale distributor charges the retailer 35 dollars. The retailer charged you 50 dollars. That tariff at the beginning of the chain does the most damage as price is increased at every step.
You would have paid 30 dollars for that 50 dollar product without the tariff.
Or the exporter could move his company back to the Country he moved it out of for cheaper labor and lower taxes. Just a suggestion.
Why would the exporter do that? The cost of labor, materials is a fraction of those in the USA. Cost of building, permits licensing is astronomical.
The exporter makes same profit.
Government takes a piece (like the mafia)
Whole saler takes a profit.
Retailer makes a profit.
Who loses? The customer. It’s another tax by any other name. It’s death by a thousand cuts and people still don’t get it.
south east PA ... 2 local LCS are at about 40 60 .. heavy on buying ... another says about 50 50 ... monday gonna check the others
You really don’t see cutting immigration social programs would reduce tax payer expense? Maybe you should think about that.
@ $50 I will consider taking some profit.
1500 Sq ft home for 40 ozs of silver. That's my measurement. Or infinity dollars for 1 ounce
I would sell some of my silver.... for gold when the GSR gets to 65.
Some people like to swap from one to the other when the ratio goes under 70 or over 90
Too high at 65. It will go to 30:1 and under by 2030 or early next decade. Wait
@@jamesdoe3713 i do hope you are right, but before 2030.
I have used Fibonacci sequence starting at 45:1 has worked great in 2009-2011. Will use same this time around. If it doesn’t reach levels I’ll hold my silver.
45:1 trade 1%
40:1 trade 2%
35:1 trade 3%
30:1 trade 5%
25:1 trade 8%
20:1 trade 13%
15:1 trade 21%
10:1 trade 34%
trade for what?
Gold
Duration 🏴☠️
I'm surprised to see only 362 likes out of 1170 views. I don't see these low prices staying low for long. Too many factors. Crypto col
I would sell some about $60, pay on some debt
$50 bucks i sell half my position.
I'll sell half with a 2x or $50+ silver
A big up is coming soon on Silver, Fed has no choice but to reduce the interest rate as they are risking a hard landing. The economy may tank , the properties prices are going down , although there isn't much of a new construction. The consumers are feeling the pain of high mortgages and credit loans debt. The inflation is slowly going down. If there is a recession and the stock markets start dropping the precious metals will drop a lot. In that case scenario silver will drop below 20 . If the Fed starts reducing the rates, probably in September, Silver will reach 40 and will set up for the all time high of 64 which was achieved in 2011. The new all time high should be in the 90s , probably in 2025-6
Well if the debt crisis explodes overnight expect the Silver short term down below 20 and it will be like a slingshot up to 64 and 90s
Silver and lead. You won't get rich it might save your 🥓
I love bacon 🥓 😋
Soon you might like jerky. You can put a piece in your back pocket and it will still be there 40 years from now when you're hungry.
Must be crazy to own stocks at the moment. I'd be just as careful with crypto at the moment if anyone thinks these are lows until September onwards. Crypto col
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I agree the immigration is not the cause of the debt and inflation it is from decades of fiscal irresponsibility of our law makers but it is definitely adding to the deficit spending because like you said the welfare system is supporting this assholes. Back in the 1800 when we had open immigration last they had to work and they typically made a lot less than Americans like you said. We really need to cut spending to make a dent and change the trajectory we are on. Tariffs will help but they need to be complimentary to spending cuts. I support Trump but I'm not sold on the fact that he will solve the debt issues. Although being unable to run again does put him in the spot to be able to cut spending without worrying about not getting re-elected. Of there was a time to be aggressive on spending cuts and drastic changes to subsidized programs this next term is it. Good video buddy thank you!
Lol, if you vote Trump in, he won't want to leave. There'll be some emergency, and he'll be in there til he dies just like his buddy Putin. That's why I won't be voting for the Trumpster.
support trump, why? He's a friggin liar, cheat, con man, bull shutter. You wanna live under project 2025?