Metals are definitely NOT for short term gain. For me they are a long term hedge against inflation and an economic safety net. Besides, it isn't low enough to back up the truck. 🚛
Ive been waiting 2 years to get into stacking and i think its the right time for me. Only got my 30 oz so far but ill probably buy again wether it goes up or down.
Your goal should be at least 100 oz of silver, remember to purchase United States 90% currency, don't worry about numismatic or extra fine condition, just by dirty Old United States 90% currency because it will be recognized as 90% pure silver. Focus on pre-1964 dimes, quarters and half dollars such as Franklin's and Kennedy's, Walking liberty halves. That is fractional silver, it's very important to have a good amount of fractional denomination.
Sure feels good that everyone here is behind the curve. In the early 90’s Silver sold for $3.50 to $4.00 an ounce. At that time my P.M. Dealer didn’t charge a premium over spot. I went all in then and never looked back. Today my stack remains just as it had then without the Debt attached. It was apparent to me History would soon again repeat itself. This time the difference is Debt is well beyond the Stars in not just America but the World. In fact due to the Derivative Markets the true Debt is masked. Places like Chicago are borrowing 10 Billion in Bonds to cover a short fall in their Pension plans. People who have personal debt live in homes that are far beyond their means. Robbing Peter to Pay Paul is the game plan for 80% of American’s. Once this Derivative Market burns down it will create a Vacuum. Absorbing all Net worth across the spectrum of Markets. Yes that includes all Pensions, 401k’s, in which case the Banks will call in all paper. We are going to witness the complete absorption of any and all instruments of debt. The only remaining wealth will be true Wealth without debt attached. Take it from there and then do as you see fit.
Sold 1/3of my 4-5$junk s. At26x face made remaining free .ibuy 20$ paper for silver monthly my lcs gives me incredible condition junk as he hates to send to melt.as do I. Also save small clad dollars at face always spendable not fed wallpaper.😎
Not everyone is in their 40s-50s so to say they are "behind the curve" isn't really a fair assessment. Heck, for a lot of people, if not a majority since most older folks are done investing, are currently in the apex of the lowest prices they have ever seen since they had the ability to buy. My real question would be that if you bought at 3-4 for years in the 90s and early 2000s...why are you not filthy rich now after the 2011 peak? I mean even if you didn't catch the peak that would have still been almost a 10 fold return. Any investor would be ecstatic about a 1000% return over 10-15 years. Given the history of silver spikes, you are unlikely to see it spike like that again in your lifetime.
One question brother. The debt!! The dept to who exactly? Who is the specific organization or person loan the money to the world? Cannot just that particular organization forget about our debt to them and economy wont cripple for the sake of everyone. Why is it so hard to loan shark to make charity. Because they are rich.
Am I missing something here? In the video you said that you could have saved the guy £150 due to the price drop. But you seem to be in the UK where silver is sold plus VAT at 20% which would mean he could have bought the silver on the table much cheaper in the US (although not Baird bars).
Thank you for a sober and well thought out topic. Very well said. You bring up a very important concern. What happens if you are forced to sell? I see a lot of comments on how people say “I’ll just hold on to my silver until the price goes up” There is the distinct possibility that it could be a very long time. One needs to be wary of fellow you tubers telling you to “load the boat”… do they know you? Why are they so eager to help a poor stranger? There are several good reasons to buy and hold silver. Some fool on the internet telling you to load the boat is not one of them. There is always risk.
Why wait to buy ? The silver sellers will put a higher premium on the silver , when it goes lower than 14.50 $ , like they did in 2008 , if the price goes up quick , you missed the boat .
Right now silver is for the most part, below production cost of many miners. I have been buying since 2008 because nothing was fixed. You by silver and gold as a hedge against the debt, because THE DEBT will never be addressed...PERIOD. With that being said I now buy silver ONLY when it dips or is beat the hell down. I sleep well now. Just "stack and don't look back."
I'm stilling buying silver, but not any more than I did a few months ago. I was lucky on my last order I waited a few days and saved a few dollars with the prices going down. I've grown to see stacking as a decent hedge against inflation. The more my humble stack grows the better I feel about what I'm doing. Though, my sights lately have been on fractional gold queens beasts. Thanks for the video friend keep up the good work, definitely excited for 2000 ounces lol.
Ask your family members if they'd rather stack a tangible asset like silver or fake paper money in a savings account that is constantly losing 2% of its value annually through inflation (although the bank will tell you it's earning .25% interest, lol)
First decide how much money you want to put into metals. If it's large like $50K you should consider gold instead of silver as it takes up less room to store and the purchase premiums are lower. While Baird and Geiger silver bars are cool to own they seem to have about a 10-20% premium over spot making them less desirable than the 2 oz queens beast series.
My silver is my back up plan, I'm 66 years old , if one morning I can't get up, unable to go to work, I have silver I can sell , some or all, it will keep me out of the nursing home for a while longer. Dos'nt matter what the spot price is , don't care , at least I have cash I didnt have before. So I still buy a little here & there when I have a few extra dollars. Not going crazy to buy, just because it's cheap right now, its been cheap before , it will be again.
Backyard Bullion well young man , its tough when you have no famliy, you are alone, no one cares about you, no I'm not in self pity, its just how life is some times, you need a back up, my SS is $448.00 a month, can't depend on that, so yes silver may help me one day, who knows.
CC, I'm with you. I'm 60, and interested in long term preservation, and liquidity. Buy a little here and there. That said, I just made my biggest purchase ever, 2 weeks' pay. About they same number of ounces I bought over the past two years. I think the price of silver WILL go lower, I hope so, because I want more. But I've also put back paper (fiat) money too, because the electronic cash system can present some unexpected problems in this age of cyber war. For instance: wired . com "The Untold Story of NotPetya, the Most Devastating Cyberattack in History" (Wired magazine). www.wired.com/story/notpetya-cyberattack-ukraine-russia-code-crashed-the-world/ BB, you're absolutely right: Do not borrow money to buy silver. Silver is a store of already earned value, not a good bet for a quick speculative gain (at least not now). Silver will probably go lower, but it won't go to zero like most of the crypto-currencies have/will.
Silver is great just a warning, when preserving silver coins and bars ammo boxes are airtight and excellent just make sure they are american made. The chinese are fine but they dont hold water out just a note. Also when preserving never use rubber bands when preserving the rubber residue makes a black line on silver and its very very hard to get off, rubber residue goes through airtight plastic as well never use rubber bands. Vacume sealers are awsome for long term usage and sticking in ammo boxes are best in my opinion. Thankyou and have a great morning all
Backing up the truck is nonsense. $15.50 to $14.85 is not a big difference. I get it, it's a couple hundred dollars per 1000oz but is that couple hundred dollars worth a loss of a house, credit or put your family at risk? If the world economy is shaky then it could affect some people's jobs. That would be horrible to take out a large loan and losse your job. I'm stacking for weight so my thought process is allot like the gentleman you bought those silver bars for. I spend beneath my means because when I'm comfortable with what I buy, when I buy it. No matter what there's no risk to myself or my family. My stack is for economic protection. Another thought was when my children get older there's a good chance they won't be able to retire comfortably so I'd like to help them as much as I can. Lots of reasons for me to stack the way I do.
nonsense. IF you are financially responsible enough to have 'excess funds' for silver. your family won't suffer obviously. And stop meming the idea that people borrow money for silver. And even if they did, silver has a higher return on investment than 50% of the loans out there. Which makes you look like an idiot after people listened to you and missed out a chance to buy below 16$. It's not like silver isn't getting more rare by the second.
I must disagree, so were you listening to people who say buy in 2012, 2013, 2014, 2015, 2016, 2017, then you obviously could of bought the same amount of ounces for less today and not have your money tied up but producing income instead. Just like a house, once you buy it, you live with whether it goes up or down. Against inflation is fine, but inflation since the time of purchase matters as your dollar was stronger 5yrs ago versus 2 yrs, or now.
First your math is off. 15.5 to 14.85 is .65. That means $650 per 1000 oz. Not 200 ("couple"). Second, anyone buying ANY amount on a loan/credit is making a mistake. Be it 1000oz or just 1g. Finally, why do you think you are the only person that buys "below your means"? There are plenty of us who can buy not just 1000oz but literally 32,000oz (metric tonne) and not feel a difference in our wallets. Sure that isn't Joe Schmoe, but the average middle class American is pulling 60k a year. If their house is paid off, that 30% of income that should go to housing is more than enough for 1000oz right now.
I am very new and I can only buy a couple oz a week as I’m trying to kill my debt first. Up to 77 oz currently and it’s killing me because I just want to load up with the prices being good. I do not see going above 10oz bars though as I would like to stick with lower oz bars and rounds. Easier to break up in my opinion. What do you guys think
I am a pensioner living in Europe,so I buy a little at a time like yourself. I will say that I can not speak about the USA but I find that bars once for ounce seem to cost more than generic coins. But at the moment 10 oz Queens beats from Euro Mint seems to be a good buy at the moment for me to purchase. Britain is a flat bust, over priced, and over taxed. Better buy in the UK is gold. Even in small amounts, Britannia's are the best.
Bought gold and silver. Holding it for long long term. My grandma bought a bunch of gold back when it was dirt cheap. Now shes 90 and have a million left in gold
Backyard Bullion I know the point I'm making is the dealer is not going to lower the price below what they paid regardless of how low Silver Falls per ounce
Dealers here do the same, 5% on top of spot price to buy, 2% below to sell. Thats how they make their $ The more you buy they can lower the commission a little. Your guarantee is it is pure and not some other alloy mixture.
Just started stacking in Nov 2019 and I have 8.66 ounces of coins 5 *1 oz limited editions. Just 1g of gold. Plan to accumulate 1.5 oz every month like an SIP. Hoping this is a good strategy.
I made my first purchase in over a year. Just 20 oz, if it goes lower I will be happy and buy more. In Australia the opportunity to buy silver this cheaply has only occurred a handful of times in the past 10 years. Silver could go a bit lower but it is hard to pick the bottom, my view is it is at a good price now. Having said that if stock market continues as it has done then silver will need to double in price just to cover the opportunity cost of forgoing an active investment. So I won’t be keeping all my savings in precious metals. The silver to gold ratio is far too high to consider gold instead of silver at the moment with a higher potential for large losses in gold. *edited, 20 years to 10, typo*
you will not see a run up on silver/gold precious metals, they are being manipulated also. When the stock market goes down, they will make sure precious metals drop as well to stop people from dumping their stock money into pm's or allowing them to withdraw from bank to buy pm's. This is why they have those paper silver/gold dollars on standby to flood the market, most people won't realize the difference between paper gold/silver vs actual gold/silver
Compared with any other commodity, silver is the most undervalued store of value. I used 'value' twice deliberately. Silver is also more readily available to anyone who has spare money in the bank. If you find gold a little bit out of reach, take comfort in the fact that it's most unlikely that silver will be disregarded as a precious metal. My personal opinion is that you should make your first choice of silver coin, in the denomination of your particular country. If you go into debt to acquire silver, you need to add the interest of that debt to the cost per oz of all the siver of your stack to get a true cost of your stack. If you begin to live amongst a hyperinflatiing economy, forget the calculations and feel a wash of self-satisfied smugness before you go to sleep.
@@BackyardBullion I just see it as a way of storing something that has been produced from the energy of the past and not just from a promise of the energy from the future. I have a very strong feeling that Solar energy and viable storage systems will be the other side of the silver coin.
@@BackyardBullion when I have any significant currency if I don't buy something I might need, I'm likely to buy something I don't need. It's not about earning money.
Interesting to me the way you ask your question. I have often questioned this. Today we have apps that quote the going spot. If things revert to barter, what will govern value? The going rate at the fall? It would all come down to scarcity, surely.
It is also at a low and may outperform silver if you need to sell sooner. For example, I had a 1 oz. palladium coin I bought for $383 and was laid off two years later and silver was down considerably however palladium was double the amount and I was able to sell it for $780. Regardless, I never said platinum was preferable, however, diversification is preferable over one single metal.
I have not bought silver for about 5 years, but now I buying every two weeks! Also when I sell some of my acreage next month, I may buy a few thousand ounces.
I'm more or less brand new to silver. I bought 180 1oz rounds @ $15.20 as a sort of hedge against disaster. I bought the poker chips like stackable rounds because this may be in my family's possession for 100 years or more. Regular coin type rounds might have save me a few dollars. I see silver as more of a hedge. I have far better investments.
No one ever seems to remember that nearly 50% of Silver demand evaporated when digital photography took over. Photos including x-ray plates used to need silver. That's a lot of lost demand. Solar PV and Ethelene oxide are really the only potentially big new markets since then.
It's interesting topic but we must look into the cost of production to understand where the price may go ...all the experts I listen to in the mining community seem to say prices below 14$ would be hard to sustain for the primary miners For the secondary miners their production is slowing as base metal demand has fallen but obviously they are not as bothered about price as they are pulling copper zinc lead etc as their main concern. So my opion 13.75 -14.50$ Is an excellent buy range But as pointed out the low £ Does not gift the best returns...the international bankers are going to keep pressures on the pound as Brexit was not in the play book. Either way if your new to stacking you are getting in at a good time
Buy as a hedge with a possibility of doing pretty well. You can only lose 1-2 dollars or so per ounce and the mines would have to shut down. Bellow 13 or so? Its at 15 now. Looks like Ill go for the hedge.
I just stopped buying silver. Only because I feel like it might get lower than current price. Maybe even go down to $10. I just been picking up small amounts of gold. Two and a half gram ,5 gram' and 10 gram bars now. My silver stacking is currently at a pause. I even sold a couple of items that I didn't particularly care for too much on eBay.
@@adgasdggfg yes my stacking is currently on hold ,because I do believe that prices will get lower. And when they do I will do a bulk buy like I normally do. Now I'm very interested in buying rental properties at the moment.
If you got the cash, why not? It’s already the cheapest asset in the world. I saw premiums creep up as we were heading towards $14, I’m sure it’ll accelerate as we head even lower and inventory dries up.
Why wouldn't you just buy the biggest bar you can? Saves on postage plus, larger bar = better price ..... is this not correct? Don't understand why refined bars are bought over un-refined bullion, is there a premium due to collectabillity?
I agree 100%. What I hear is that the best thing to do is to buy what they call "junk silver". These are pre 1964 circulated coins either silver dollars, half dollars, quarters or dimes. Besides which, I believe nickels are worth more for the metal than $0.05. The problem is it's illegal to melt them down so you really might as well spend them well it's still worth a nickel. LOL.
I'm waiting for move till 10, but will buy maybe when it will be reaching under 13/ounce. If premiums will be high, I will add on vault, where the prices are closed to market prices.
I’m very new to investing in precious metal (mostly silver) so vids like this confuses me deeply. I want to buy cheap when the opportunity comes and that’s what I thought I was doing. Am I wrong to buy now? Should I invest in another way? I don’t care about day-to-day silver prices. I planned to buy all I can and dump it in a safety deposit box and forget about it. My plan is to let my 15 year old son to exit my investment.
isnt silver low now? wouldnt it be a good time to buy silver...for long time storage? btw you should never buy "too much" silver, no matter what the price is... stay within your limits, don't overspend.
Been stacking for 34 years, price does not concern me, as I have $3 silver and $43 silver. I have not been able to find a better way to save, and get away from FRNs.
Living in the UK, I have an interest in buying some precious metals. I get that silver seems cheap right now - but it seems to sell for so much over spot. Between vat and a much larger % mark up than people sell gold, it seems I'd have to lose 30+% at the moment I buy. Have you any suggestions on how to reduce this?
Buy from a European dealer, I use www.europeanmint.com You don't pay VAT as they are based in Estonia, and as we are all part of the European Union (for now) there is no import taxes or duties. You can get silver for about 15 - 20% over spot usually
@@BackyardBullion Thank you, that does reduce it a bit - though not by the 20% tax being avoided! After the postage it still is working out at 25% above spot for a single kilo bar. Is that a bad unit to buy? I realise it is for long term hedge against inflation, but that is such a big % loss upfront it at least feels hard to swallow. Perhaps I am looking at it wrong though!
I am hoping to get a bigger order on the next group order with you, I would LOVE to buy bars but the tax is a killer so I am planning on getting 10oz coins and maybe even a 1kg coin on next group order for my unboxing videos.
I'd like to buy more because as I watch this video I am watching the price of silver creeping up. I have put myself into enough debit over other things and wish I could put those credit card payments into silver. But for now, I get what I can get. I will say, if I had more liquid assets I would be backing the truck up.
Hindsight. You are on the right path now. Similar for myself, purchases, do i really need it, better to think ahead for the future, which i want it to be better, more freedom in this world where freedom is vanishing fast with new laws and constraints. Financially free. People waste shit loads of money on silliness. Going into debt for overseas holidays and a new car etc when the old one is good and you can have just as much fun having a holiday at home.
I really love silver and think it's SUPER undervalued but I would never recommend going into debt to buy silver because silver has no dividend/yield and paying interest on something with no yield is a great way to lose assets.
Why there is a lot of price gap between bank silver and real physical silver. When I check the price for example market says it worth 100$ but when I want to buy same amount of silver like bars they say you need buy 200$. Why is that ?
BB, if you read the book Behold a Pale Horse by William Cooper he explains how the price of silver will probably go down to 3 to 4$ per troy ounce, this will cause a major panic and a major sell-off from people who hold silver on the commodities Market. Millions of ounces will be sold, then the establishment will buy it all back for pennies on the dollar. One important thing for everyone in this room to know is never ever sell your silver for paper, that would be the biggest mistake. Just keep your silver no matter what the price is, in fact don't even look at the price of silver, it's insignificant. The reason we buy silver is to hold it until the black market emerges for barter and trade. Everybody should buy the book "Behold a Pale Horse" written by William Cooper. 97% of his predictions came true including 911, he predicted it three months in advance.
Personally I would not put all my money into silver, I would hedge by buying Gold and not all of that would be in Bullion. Numismatic gold has its place. Perhaps this is not the venue to air these thoughts.
I found numismatic gold to be a better deal than numismatic silver. At least where i live. And as most numismatics do not go anywhere near an ounce, there are a lot of affordable numismatics in gold to pick up.
Here's the thing, most people wait till it's dropped to buy at cost. But, if you really want to invest, you want to wait for it to shift up @ buy over cost and then when it hits a high point, a really good high point then sell and then you can double or tripple and then you start reinvesting, and i don't buy alot at a time or buying that much and i keep my portfolio at %100 at apmex. Cause your investing, not buying unless you do just want to buy and then what's the point unless you melt it down and plan on Armageddon
They are cool, but be careful cuz if time comes that we are using silver to buy things and such, the art work won’t matter. In the mean time they are collectible though.
I would love to invest in silver, but unfortunately, I am a bit creeped out by it. All of my local coin dealers adamantly refuse to buy bars at spot, and in fact, want to charge me to have them melted down because they don't trust them. Seeing that the premium on coins amounts to as much as 25% of the cost of the silver, how can anyone expect to make money (or even preserve wealth) on silver without expecting a huge upswing in price to make up for the premium and the loss against spot? I only pay 2% on gold coins that everyone will accept, which seems much less risky / lossy. Am I missing something?
I buy every 5th payday regardless of current price. If the price drops I just keep buying. I don’t ever plan on selling. But will trade for goods and services.
I just turned 20 and don't have many expensive although my job isn't the highest paying I want to know where I can get the best prices online I have a few ounces but I want to really increase my stack at a good price
Sounds good buddy, I hope you had a great 4th July! I have updated my shop now so you can see a full rundown of everything we have for sale! backyardbullion.com/product-category/all-items/
I just bought 100 grams for 80$ which is kind of worrisome after looking at the projections (hopefully arent right) for 2020 where it says where I paid 14 and some change it will be selling for 38 cents. I'm not planning on selling unless it is unquestionably worth it, im holding it for an economic collapse. This is my first precious metal investment and I hope ive made a good decision. Then again, id rather have a tangible metal over a number on a screen.
Right now, it's tempting to sell rhodium and use it to buy silver, but there's a dynamic likely to drive rhodium even higher and silver lower, which is South Africa is on the verge of beginning to confiscate farms held by white land owners. If they follow through - or even if they don't but the threat fails to subside - investors will flee South Africa (as I already have), leaving the rhodium mines in disarray. Since they are the primary source of rhodium, prices will increase. But rhodium is actually a byproduct of silver mining, so silver miners elsewhere will step production up - even if it means overproduction of silver - to get the rhodium. I think this is already happening, because all the platinum metals are falling except rhodium, which is increasing.
there are also a lot of people that buy silver because its beautifull so you can get the same money as what you buy it for it will only take a longer period to sell so if you sell take the time for it ;)
Gorgeous gorgeous spread there. My heart is actually bursting! I bet that was fun to hold and play with (dont pretend you didnt have a proper private fondle). In terms of the current price, I'm pretty sure Ill be ordering a tube of something next, which is a huge purchase for me. Im 50/50 between Britannias and Libertads though!
Well i'm in for the long term in silver, 15-18 pr Oz is still cheap imho considered what's comming soon in regards to the whole financial situation world wide.
I'm definitely buying. Bought 100oz at $15.40/oz. Gonna buy another 100 soon, then waiting in hopes it breaks down to the $12- 13 range. Anyone buying crypto as well?
LOL, went into the pawn shop in my neighborhood. The brought out 2 tubes of the Queens beast dragon of wales 2 oz rounds. MINT. I asked how much. They said spot plus sales tax. LOL. They sell for $50 each. Im going back tomorrow to take them all.
Yeah IM just gonna keep Buying and buying and buying a then use my spot price yet with all the companies so I was waiting for this Time of the big buys . Cheers B YB
I bought when it was about $16, cuz they all said "it can't go any lower from here"! I bought at $37, watched it gyrate for 6 months and got out again at $37, so when I bought again at $16 I got more than twice as much for the same money. Now it's down 30%! I think it is wrong to chide people who have buyer's remorse over the value of their investment falling. Are you only buying for your children to inherit? Didn't think so.
![OhGeesy x Lefty Gunplay - What It Iz [Official Music Video]](http://i.ytimg.com/vi/L0yzW9t2ixk/mqdefault.jpg)
Too late, I’ve already started up the engine and am currently backing up the truck!! 😂😂😂😂😍😍😍
Well, it is OK to do if you have a big enough truck I suppose!
Backyard Bullion 😂😂😂😂😂😂🤓🤓
I.JUST.PURCHASED...50.OZ.OF.SILVER..FOR.769.00DOLLARS....ITS.SO.CHEAP...IT.MAKES.ME.LAUGH...
Bingo Boy Epic!!!!
nice!
Metals are definitely NOT for short term gain. For me they are a long term hedge against inflation and an economic safety net. Besides, it isn't low enough to back up the truck. 🚛
Couldn't have said it better myself.
Silver Bean Counter when is it low enough my truck is itchy
Too true! Free is when you back up the truck.
Coy Randolph that ain't gonna happen. The PMs don't go to zero.
Silver Bean Counter I Mining costs rise every year. These prices are insanely low.
Just started stacking the other day, so far one ounce lol.
It's a start - good job!
got to start somewhere!
Gabriel Christus I remember my first ounce. It was a Johnson Matthey silver bar.
Dave J Mine is a Sunshine mint 1 oz bar.
Better late than never! Get what you can now.
Ive been waiting 2 years to get into stacking and i think its the right time for me. Only got my 30 oz so far but ill probably buy again wether it goes up or down.
I started stacking in Oct of 2011, a little here, a lot there. Doesnt matter the price, I still buy and stack. Over time the cost averages.
Your goal should be at least 100 oz of silver, remember to purchase United States 90% currency, don't worry about numismatic or extra fine condition, just by dirty Old United States 90% currency because it will be recognized as 90% pure silver. Focus on pre-1964 dimes, quarters and half dollars such as Franklin's and Kennedy's, Walking liberty halves. That is fractional silver, it's very important to have a good amount of fractional denomination.
You guys can back up the truck all you want. Im loading the barge.
Sounds like a plan to me.
Sure feels good that everyone here is behind the curve. In the early 90’s Silver sold for $3.50 to $4.00 an ounce. At that time my P.M. Dealer didn’t charge a premium over spot. I went all in then and never looked back. Today my stack remains just as it had then without the Debt attached. It was apparent to me History would soon again repeat itself. This time the difference is Debt is well beyond the Stars in not just America but the World. In fact due to the Derivative Markets the true Debt is masked. Places like Chicago are borrowing 10 Billion in Bonds to cover a short fall in their Pension plans. People who have personal debt live in homes that are far beyond their means. Robbing Peter to Pay Paul is the game plan for 80% of American’s. Once this Derivative Market burns down it will create a Vacuum. Absorbing all Net worth across the spectrum of Markets. Yes that includes all Pensions, 401k’s, in which case the Banks will call in all paper. We are going to witness the complete absorption of any and all instruments of debt. The only remaining wealth will be true Wealth without debt attached. Take it from there and then do as you see fit.
Thanks for the info and insights, very interesting
what is inflation?
Sold 1/3of my 4-5$junk s. At26x face made remaining free .ibuy 20$ paper for silver monthly my lcs gives me incredible condition junk as he hates to send to melt.as do I. Also save small clad dollars at face always spendable not fed wallpaper.😎
Not everyone is in their 40s-50s so to say they are "behind the curve" isn't really a fair assessment. Heck, for a lot of people, if not a majority since most older folks are done investing, are currently in the apex of the lowest prices they have ever seen since they had the ability to buy.
My real question would be that if you bought at 3-4 for years in the 90s and early 2000s...why are you not filthy rich now after the 2011 peak? I mean even if you didn't catch the peak that would have still been almost a 10 fold return. Any investor would be ecstatic about a 1000% return over 10-15 years. Given the history of silver spikes, you are unlikely to see it spike like that again in your lifetime.
One question brother. The debt!! The dept to who exactly? Who is the specific organization or person loan the money to the world? Cannot just that particular organization forget about our debt to them and economy wont cripple for the sake of everyone. Why is it so hard to loan shark to make charity. Because they are rich.
Am I missing something here? In the video you said that you could have saved the guy £150 due to the price drop. But you seem to be in the UK where silver is sold plus VAT at 20% which would mean he could have bought the silver on the table much cheaper in the US (although not Baird bars).
He wanted Baird bars specifically.
Thanks for the reply ;-)
Thank you for a sober and well thought out topic. Very well said. You bring up a very important concern.
What happens if you are forced to sell? I see a lot of comments on how people say “I’ll just hold on to my silver until the price goes up” There is the distinct possibility that it could be a very long time.
One needs to be wary of fellow you tubers telling you to “load the boat”… do they know you? Why are they so eager to help a poor stranger?
There are several good reasons to buy and hold silver. Some fool on the internet telling you to load the boat is not one of them.
There is always risk.
Why wait to buy ? The silver sellers will put a higher premium on the silver , when it goes lower than 14.50 $ , like they did in 2008 , if the price goes up quick , you missed the boat .
Dont buy too much is my message here. Only buy what you can afford.
BB That goes for everything , do not spent what you can not afford . Be smart with what you can afford and that is buying silver at these prices .
Right now silver is for the most part, below production cost of many miners. I have been buying since 2008 because nothing was fixed. You by silver and gold as a hedge against the debt, because THE DEBT will never be addressed...PERIOD. With that being said I now buy silver ONLY when it dips or is beat the hell down. I sleep well now. Just "stack and don't look back."
You have the same lookout as me - thanks for the comment!
"Great minds think alike." Keep up the good work.
Me, too!!
Great minds always think alike.
This is a way better alternative to a savings account. The fact that you can get your silver out and admire it makes it even better.
I agree totally
Yep
I'm stilling buying silver, but not any more than I did a few months ago. I was lucky on my last order I waited a few days and saved a few dollars with the prices going down. I've grown to see stacking as a decent hedge against inflation. The more my humble stack grows the better I feel about what I'm doing. Though, my sights lately have been on fractional gold queens beasts. Thanks for the video friend keep up the good work, definitely excited for 2000 ounces lol.
Slow and steady is the way to do it. The 2000 oz is going to be insane.
It’s great insurance no one believes me all my friends family nobody.
Dont worry about what they think, as long as you are happy that is all that is good
Backyard Bullion Thanks!... that’s what I’m doing. My daughters know I’m right they have investigated it on their own, so that’s what matters too me.
I believe you. Think "Noah's Ark" 😲😲😲😲😲.
Ignore the naysayers. Those who are willing to take a risk will prevail.
Ask your family members if they'd rather stack a tangible asset like silver or fake paper money in a savings account that is constantly losing 2% of its value annually through inflation (although the bank will tell you it's earning .25% interest, lol)
First decide how much money you want to put into metals. If it's large like $50K you should consider gold instead of silver as it takes up less room to store and the purchase premiums are lower. While Baird and Geiger silver bars are cool to own they seem to have about a 10-20% premium over spot making them less desirable than the 2 oz queens beast series.
I agree totally.
My silver is my back up plan, I'm 66 years old , if one morning I can't get up, unable to go to work, I have silver I can sell , some or all, it will keep me out of the nursing home for a while longer.
Dos'nt matter what the spot price is , don't care , at least I have cash I didnt have before.
So I still buy a little here & there when I have a few extra dollars. Not going crazy to buy, just because it's cheap right now, its been cheap before , it will be again.
Sounds like a good way to look at things.
Backyard Bullion well young man , its tough when you have no famliy, you are alone, no one cares about you, no I'm not in self pity, its just how life is some times, you need a back up, my SS is $448.00 a month, can't depend on that, so yes silver may help me one day, who knows.
Me too! Stack on
David Randall hey David how's it going? How's your day been?.
So I think you understand Probably where I'm coming from? How old are you?
CC, I'm with you. I'm 60, and interested in long term preservation, and liquidity. Buy a little here and there. That said, I just made my biggest purchase ever, 2 weeks' pay. About they same number of ounces I bought over the past two years. I think the price of silver WILL go lower, I hope so, because I want more.
But I've also put back paper (fiat) money too, because the electronic cash system can present some unexpected problems in this age of cyber war.
For instance: wired . com "The Untold Story of NotPetya, the Most Devastating Cyberattack in History" (Wired magazine). www.wired.com/story/notpetya-cyberattack-ukraine-russia-code-crashed-the-world/
BB, you're absolutely right: Do not borrow money to buy silver. Silver is a store of already earned value, not a good bet for a quick speculative gain (at least not now). Silver will probably go lower, but it won't go to zero like most of the crypto-currencies have/will.
Silver is great just a warning, when preserving silver coins and bars ammo boxes are airtight and excellent just make sure they are american made. The chinese are fine but they dont hold water out just a note. Also when preserving never use rubber bands when preserving the rubber residue makes a black line on silver and its very very hard to get off, rubber residue goes through airtight plastic as well never use rubber bands. Vacume sealers are awsome for long term usage and sticking in ammo boxes are best in my opinion. Thankyou and have a great morning all
What percentage above the spot price do you pay for this bullion? Coins seem to be at least 30% above spot price.
These bars were a premium because of UK Tax (VAT). We can buy from Europe (for the next 16 days anyway) at about 15% over spot.
It's taking a lot of restraint not to overspend this week in particular. Good topic and video as always.
Keep at it - it is always good to be restrained.
Backing up the truck is nonsense. $15.50 to $14.85 is not a big difference. I get it, it's a couple hundred dollars per 1000oz but is that couple hundred dollars worth a loss of a house, credit or put your family at risk? If the world economy is shaky then it could affect some people's jobs. That would be horrible to take out a large loan and losse your job. I'm stacking for weight so my thought process is allot like the gentleman you bought those silver bars for. I spend beneath my means because when I'm comfortable with what I buy, when I buy it. No matter what there's no risk to myself or my family. My stack is for economic protection. Another thought was when my children get older there's a good chance they won't be able to retire comfortably so I'd like to help them as much as I can. Lots of reasons for me to stack the way I do.
I agree totally that backing up that truck is stupid. It is a bit greedy for a few hundred dollars for sure. You could lose too much!
Sounds like you are on the right track.
nonsense. IF you are financially responsible enough to have 'excess funds' for silver. your family won't suffer obviously.
And stop meming the idea that people borrow money for silver. And even if they did, silver has a higher return on investment than 50% of the loans out there.
Which makes you look like an idiot after people listened to you and missed out a chance to buy below 16$. It's not like silver isn't getting more rare by the second.
I must disagree, so were you listening to people who say buy in 2012, 2013, 2014, 2015, 2016, 2017, then you obviously could of bought the same amount of ounces for less today and not have your money tied up but producing income instead. Just like a house, once you buy it, you live with whether it goes up or down. Against inflation is fine, but inflation since the time of purchase matters as your dollar was stronger 5yrs ago versus 2 yrs, or now.
First your math is off. 15.5 to 14.85 is .65. That means $650 per 1000 oz. Not 200 ("couple").
Second, anyone buying ANY amount on a loan/credit is making a mistake. Be it 1000oz or just 1g.
Finally, why do you think you are the only person that buys "below your means"? There are plenty of us who can buy not just 1000oz but literally 32,000oz (metric tonne) and not feel a difference in our wallets. Sure that isn't Joe Schmoe, but the average middle class American is pulling 60k a year. If their house is paid off, that 30% of income that should go to housing is more than enough for 1000oz right now.
I am still watching the ad. but i am seeing alot of trucks backing up in the comment section should i skip the ad?
Yep, lots of people backing up the truck!
I am very new and I can only buy a couple oz a week as I’m trying to kill my debt first. Up to 77 oz currently and it’s killing me because I just want to load up with the prices being good. I do not see going above 10oz bars though as I would like to stick with lower oz bars and rounds. Easier to break up in my opinion. What do you guys think
I think that having smaller denominations rather than one 100 oz bar is a good idea. Keep it so you can split it up if you need to.
Any coin and precious metal dealer worth their weight in salt Peter can cash in on a 100oz.bar. Besides your paying more for the smaller stuff.
I am a pensioner living in Europe,so I buy a little at a time like yourself. I will say that I can not speak about the USA but I find that bars once for ounce seem to cost more than generic coins. But at the moment 10 oz Queens beats from Euro Mint seems to be a good buy at the moment for me to purchase. Britain is a flat bust, over priced, and over taxed. Better buy in the UK is gold. Even in small amounts, Britannia's are the best.
I recently purchased a 50 ounce bar but I’m wondering if it’s going to be a hassle if I should just exchange it for a bunch of 1 ounce coins
Bought gold and silver. Holding it for long long term. My grandma bought a bunch of gold back when it was dirt cheap. Now shes 90 and have a million left in gold
The up side is great; the down side is low. Just don't over extend yourself so you have to sell before you want to.
I just diverted the money I usually put into stocks into silver.
Evidently you feel it must be a good bet!
My silver Bullion dealer was charging $2.00 premium. Last week $2.06, now Aug, 27,2018 $2.30 an oz, Get the picture?
That silver dealers are out there to make money?
Backyard Bullion I know the point I'm making is the dealer is not going to lower the price below what they paid regardless of how low Silver Falls per ounce
They will eventually because they won't sell it otherwise.
Dealers here do the same, 5% on top of spot price to buy, 2% below to sell. Thats how they make their $
The more you buy they can lower the commission a little.
Your guarantee is it is pure and not some other alloy mixture.
Hey there :) I'm new to collecting silver for investment , may I ask where you buy your solve from?
I buy my silver from: www.europeanmint.com/
Just started stacking in Nov 2019 and I have 8.66 ounces of coins 5 *1 oz limited editions. Just 1g of gold. Plan to accumulate 1.5 oz every month like an SIP. Hoping this is a good strategy.
Nice, good way to think of it. Its a SIPP without the burden of not being able to touch it until you are 57!
I made my first purchase in over a year. Just 20 oz, if it goes lower I will be happy and buy more.
In Australia the opportunity to buy silver this cheaply has only occurred a handful of times in the past 10 years.
Silver could go a bit lower but it is hard to pick the bottom, my view is it is at a good price now.
Having said that if stock market continues as it has done then silver will need to double in price just to cover the opportunity cost of forgoing an active investment. So I won’t be keeping all my savings in precious metals.
The silver to gold ratio is far too high to consider gold instead of silver at the moment with a higher potential for large losses in gold.
*edited, 20 years to 10, typo*
Thanks for the comment - interesting insights
Backyard Bullion Thank you for the video sharing your thoughts.
Where should I be buying my silver? I'm currently going to local pawn shops seeing who has the best over spot price.
Love your Video Makes Complete Sense Buying with Responsibility
I disagree. Everyone on earth should try to buy 100 oz. Right now.
Considering 70% + of the population of the planet cannot buy 1 oz of silver how does that work?
I said try. I’d love to see a run on precious metals.
Everyone gets a ton of silver. Better start digitizing more currency.
Start with a single ounce. Or half. Or a quarter. Or even a gram.
The march of a million miles starts with the first step.
you will not see a run up on silver/gold precious metals, they are being manipulated also. When the stock market goes down, they will make sure precious metals drop as well to stop people from dumping their stock money into pm's or allowing them to withdraw from bank to buy pm's. This is why they have those paper silver/gold dollars on standby to flood the market, most people won't realize the difference between paper gold/silver vs actual gold/silver
Compared with any other commodity, silver is the most undervalued store of value. I used 'value' twice deliberately. Silver is also more readily available to anyone who has spare money in the bank. If you find gold a little bit out of reach, take comfort in the fact that it's most unlikely that silver will be disregarded as a precious metal. My personal opinion is that you should make your first choice of silver coin, in the denomination of your particular country. If you go into debt to acquire silver, you need to add the interest of that debt to the cost per oz of all the siver of your stack to get a true cost of your stack. If you begin to live amongst a hyperinflatiing economy, forget the calculations and feel a wash of self-satisfied smugness before you go to sleep.
Silver is still a risky bet - no sure fire way to earn a lot of money if any.
@@BackyardBullion I just see it as a way of storing something that has been produced from the energy of the past and not just from a promise of the energy from the future. I have a very strong feeling that Solar energy and viable storage systems will be the other side of the silver coin.
@@BackyardBullion when I have any significant currency if I don't buy something I might need, I'm likely to buy something I don't need. It's not about earning money.
harryzero 156 in
Interesting to me the way you ask your question. I have often questioned this. Today we have apps that quote the going spot. If things revert to barter, what will govern value? The going rate at the fall? It would all come down to scarcity, surely.
It is an important thing to think about if you are investing in metals.
Platinum is really low now so I might try some of that to diversify my stack.
It is very low indeed - but it might never recover as the main industrial use for it (automotive) is basically dead in the water.
And why would platinum be preferable to silver ?
It is also at a low and may outperform silver if you need to sell sooner. For example, I had a 1 oz. palladium coin I bought for $383 and was laid off two years later and silver was down considerably however palladium was double the amount and I was able to sell it for $780. Regardless, I never said platinum was preferable, however, diversification is preferable over one single metal.
Very sensible as usual, nice video, looking forwad to silver mountain. Keep up the great work
Thanks my friend!
I have not bought silver for about 5 years, but now I buying every two weeks! Also when I sell some of my acreage next month, I may buy a few thousand ounces.
It is very cheap at the moment!
Means you are way down in the red.
keep in mind, there is a FINITE amount of land, and it almost never depreciates!!
I'm more or less brand new to silver. I bought 180 1oz rounds @ $15.20 as a sort of hedge against disaster. I bought the poker chips like stackable rounds because this may be in my family's possession for 100 years or more. Regular coin type rounds might have save me a few dollars. I see silver as more of a hedge. I have far better investments.
There are indeed lots of better investments out there.
No one ever seems to remember that nearly 50% of Silver demand evaporated when digital photography took over. Photos including x-ray plates used to need silver. That's a lot of lost demand. Solar PV and Ethelene oxide are really the only potentially big new markets since then.
It's interesting topic but we must look into the cost of production to understand where the price may go ...all the experts I listen to in the mining community seem to say prices below 14$ would be hard to sustain for the primary miners
For the secondary miners their production is slowing as base metal demand has fallen but obviously they are not as bothered about price as they are pulling copper zinc lead etc as their main concern.
So my opion 13.75 -14.50$ Is an excellent buy range
But as pointed out the low £ Does not gift the best returns...the international bankers are going to keep pressures on the pound as Brexit was not in the play book.
Either way if your new to stacking you are getting in at a good time
Buy as a hedge with a possibility of doing pretty well. You can only lose 1-2 dollars or so per ounce and the mines would have to shut down. Bellow 13 or so? Its at 15 now. Looks like Ill go for the hedge.
I just stopped buying silver. Only because I feel like it might get lower than current price. Maybe even go down to $10. I just been picking up small amounts of gold. Two and a half gram ,5 gram' and 10 gram bars now. My silver stacking is currently at a pause. I even sold a couple of items that I didn't particularly care for too much on eBay.
Ya, if stocks start to crash, it may briefly send AG to around $10. I'm nibbling for new pickups at current prices. But, this may have been the low.
It could easily go lower for sure. Nobody knows. For me, I am buying all the way down the curve.
at this insane gold:silver ratio ?
Good luck.
@@adgasdggfg yes my stacking is currently on hold ,because I do believe that prices will get lower. And when they do I will do a bulk buy like I normally do. Now I'm very interested in buying rental properties at the moment.
If you got the cash, why not? It’s already the cheapest asset in the world. I saw premiums creep up as we were heading towards $14,
I’m sure it’ll accelerate as we head even lower and inventory dries up.
If you have the funds, yes go for it. But always be careful and don't go into those emergency funds.
"Buying for past 14 years, $250 per month, every month. Auto draft, I'm happy. Bought only 1 silver Krugerand this week.
That is SWEET and a dream of mine to buy 100oz bar but I have to save up.
Thank you for sharing.
It is pretty amazing for sure!
Why wouldn't you just buy the biggest bar you can? Saves on postage plus, larger bar = better price ..... is this not correct? Don't understand why refined bars are bought over un-refined bullion, is there a premium due to collectabillity?
Subbed. New to stacking, love your pieces and great vids. Silver is really low, great time to buy and save.
Thanks for the sub my friend, appreciate you stopping by! If you fancy and hand poured silver just give a shout!
I agree 100%. What I hear is that the best thing to do is to buy what they call "junk silver". These are pre 1964 circulated coins either silver dollars, half dollars, quarters or dimes. Besides which, I believe nickels are worth more for the metal than $0.05. The problem is it's illegal to melt them down so you really might as well spend them well it's still worth a nickel. LOL.
Very good info for a starter like myself. Thanks
I'm waiting for move till 10, but will buy maybe when it will be reaching under 13/ounce. If premiums will be high, I will add on vault, where the prices are closed to market prices.
I don't think it will go lower than 12 or 13. Only time will tell.
I’m very new to investing in precious metal (mostly silver) so vids like this confuses me deeply. I want to buy cheap when the opportunity comes and that’s what I thought I was doing.
Am I wrong to buy now? Should I invest in another way?
I don’t care about day-to-day silver prices. I planned to buy all I can and dump it in a safety deposit box and forget about it. My plan is to let my 15 year old son to exit my investment.
My message here is buy responsibly. Don't go and spend all your money in one go, spread it out more.
I do have some disposable income and would like to own a big bar for the cool factor. How big do bars get?
I have seen 1000 oz bars before.
@@BackyardBullion - Thanks. I looked around and saw a 1028.6 ounce bar. That would make a good coffee table.
isnt silver low now? wouldnt it be a good time to buy silver...for long time storage? btw you should never buy "too much" silver, no matter what the price is... stay within your limits, don't overspend.
good info B.B. but I have no bars , maybe I should max out my card , maybe not hmmm.
It's very tempting I must say.
It is tempting, but I would suggest not maxing out a card!
NO!!! Pay off debt first. Buy food and weapons and water filtration. Then, go form there. Bug in? Bug out? Portable money=gold...
Good advice which can apply to all kinds of investments.
Yes indeed - thanks for stopping by!
Where can you sell silver on spot When you need to sell it
Those are nice Baird bars. Seems nuts to pay 20% VAT when folks across the pond can get a much closer price to spot though.
It will defiantly go up. Mining cost is at break even , But it will never see gold prices , They will just increase production
What do you do for work? If you dont mind me asking?
I am a business consultant and life coach.
Bought 68oz of New Zealand Owl's and Philharmonique's for just over 14€ an oz.
They are great little coins and great prices.
Been stacking for 34 years, price does not concern me, as I have $3 silver and $43 silver. I have not been able to find a better way to save, and get away from FRNs.
well you should never buy TOO much of anything, because TOO much is bad by definition, so can we have a new title please?
I agree - be smart with your spending so you have reserve funds. Title is just fine thanks.
TOO much on long term food preps is one thing i cant consider bad.
Living in the UK, I have an interest in buying some precious metals. I get that silver seems cheap right now - but it seems to sell for so much over spot. Between vat and a much larger % mark up than people sell gold, it seems I'd have to lose 30+% at the moment I buy. Have you any suggestions on how to reduce this?
Buy from a European dealer, I use www.europeanmint.com
You don't pay VAT as they are based in Estonia, and as we are all part of the European Union (for now) there is no import taxes or duties. You can get silver for about 15 - 20% over spot usually
@@BackyardBullion Thank you, that does reduce it a bit - though not by the 20% tax being avoided! After the postage it still is working out at 25% above spot for a single kilo bar. Is that a bad unit to buy? I realise it is for long term hedge against inflation, but that is such a big % loss upfront it at least feels hard to swallow. Perhaps I am looking at it wrong though!
Bars are taxed higher in the EU, look at coins, they will be closer to 15%
Also, use code TSFBYB50 to get 50% off shipping
@@BackyardBullion Thank you, that does bring down the % - if I buy in bulk. Subbed :)
I am hoping to get a bigger order on the next group order with you, I would LOVE to buy bars but the tax is a killer so I am planning on getting 10oz coins and maybe even a 1kg coin on next group order for my unboxing videos.
Good stuff - love it when someone buys kilo coins!
How does one get in on a group order?
I'd like to buy more because as I watch this video I am watching the price of silver creeping up. I have put myself into enough debit over other things and wish I could put those credit card payments into silver. But for now, I get what I can get. I will say, if I had more liquid assets I would be backing the truck up.
It is a good move only if you have the spare fiat to do it.
Hindsight. You are on the right path now. Similar for myself, purchases, do i really need it, better to think ahead for the future, which i want it to be better, more freedom in this world where freedom is vanishing fast with new laws and constraints. Financially free.
People waste shit loads of money on silliness. Going into debt for overseas holidays and a new car etc when the old one is good and you can have just as much fun having a holiday at home.
I really love silver and think it's SUPER undervalued but I would never recommend going into debt to buy silver because silver has no dividend/yield and paying interest on something with no yield is a great way to lose assets.
Why there is a lot of price gap between bank silver and real physical silver. When I check the price for example market says it worth 100$ but when I want to buy same amount of silver like bars they say you need buy 200$. Why is that ?
Well, coins cost money to be made. So there is that. The cheapest silver would be on paper.
Backyard Bullion some bank say if you tell us before 15 or 20 days, we can delivery your silver physically but I’m not sure they want money or not
BB, if you read the book Behold a Pale Horse by William Cooper he explains how the price of silver will probably go down to 3 to 4$ per troy ounce, this will cause a major panic and a major sell-off from people who hold silver on the commodities Market. Millions of ounces will be sold, then the establishment will buy it all back for pennies on the dollar. One important thing for everyone in this room to know is never ever sell your silver for paper, that would be the biggest mistake. Just keep your silver no matter what the price is, in fact don't even look at the price of silver, it's insignificant. The reason we buy silver is to hold it until the black market emerges for barter and trade. Everybody should buy the book "Behold a Pale Horse" written by William Cooper. 97% of his predictions came true including 911, he predicted it three months in advance.
I agree with what you said only buy what you can afford, but if you have a little extra fiat to spend then go for it.
Completely agree - dont overspend!
Personally I would not put all my money into silver, I would hedge by buying Gold and not all of that would be in Bullion. Numismatic gold has its place. Perhaps this is not the venue to air these thoughts.
I agree that diversification is really important
I found numismatic gold to be a better deal than numismatic silver. At least where i live. And as most numismatics do not go anywhere near an ounce, there are a lot of affordable numismatics in gold to pick up.
Here's the thing, most people wait till it's dropped to buy at cost. But, if you really want to invest, you want to wait for it to shift up @ buy over cost and then when it hits a high point, a really good high point then sell and then you can double or tripple and then you start reinvesting, and i don't buy alot at a time or buying that much and i keep my portfolio at %100 at apmex. Cause your investing, not buying unless you do just want to buy and then what's the point unless you melt it down and plan on Armageddon
That is a pretty hard strategy to do - but can work.
I bought a few 2018 Kookaburras yesterday & a Queen's Red Dragon. Like the artwork.
They are both great designs in my opinion!
They are cool, but be careful cuz if time comes that we are using silver to buy things and such, the art work won’t matter. In the mean time they are collectible though.
I've been stacking awhile and did take advantage of these slam downs. Anyone considering to get some..... it's a good time now.
How much silver can you carry when you must escape?
I would love to invest in silver, but unfortunately, I am a bit creeped out by it. All of my local coin dealers adamantly refuse to buy bars at spot, and in fact, want to charge me to have them melted down because they don't trust them. Seeing that the premium on coins amounts to as much as 25% of the cost of the silver, how can anyone expect to make money (or even preserve wealth) on silver without expecting a huge upswing in price to make up for the premium and the loss against spot? I only pay 2% on gold coins that everyone will accept, which seems much less risky / lossy. Am I missing something?
atari7001 only buy bars from a reputable source, not eBay...
I buy every 5th payday regardless of current price. If the price drops I just keep buying. I don’t ever plan on selling. But will trade for goods and services.
I just turned 20 and don't have many expensive although my job isn't the highest paying I want to know where I can get the best prices online I have a few ounces but I want to really increase my stack at a good price
Love those matte finish silver bars, I'll be in touch soon BB
Sounds good buddy, I hope you had a great 4th July! I have updated my shop now so you can see a full rundown of everything we have for sale! backyardbullion.com/product-category/all-items/
I just bought 100 grams for 80$ which is kind of worrisome after looking at the projections (hopefully arent right) for 2020 where it says where I paid 14 and some change it will be selling for 38 cents. I'm not planning on selling unless it is unquestionably worth it, im holding it for an economic collapse. This is my first precious metal investment and I hope ive made a good decision. Then again, id rather have a tangible metal over a number on a screen.
good luck getting it anywhere near 8 or 10 even if spot is below that, it does not behoove them to sell below 12
Buy the damn silver for less than 15$
It is undoubtedly a good time to buy
Buy buy buy. I'm just excited to go to first coin show next month.
I love going to coin shows!
Instead of adding a truckload of silver this month I’m investing in a little gold to diversify.
Good idea.
Right now, it's tempting to sell rhodium and use it to buy silver, but there's a dynamic likely to drive rhodium even higher and silver lower, which is South Africa is on the verge of beginning to confiscate farms held by white land owners. If they follow through - or even if they don't but the threat fails to subside - investors will flee South Africa (as I already have), leaving the rhodium mines in disarray. Since they are the primary source of rhodium, prices will increase. But rhodium is actually a byproduct of silver mining, so silver miners elsewhere will step production up - even if it means overproduction of silver - to get the rhodium. I think this is already happening, because all the platinum metals are falling except rhodium, which is increasing.
there are also a lot of people that buy silver because its beautifull so you can get the same money as what you buy it for it will only take a longer period to sell so if you sell take the time for it ;)
How is silver and gold a wealth preservation tool if they don't even track inflation
you can actually make money, but take note that money is gold and silver.you can make money by trade using GSR.
That is not always as easy as you think!
of course!! nothing is easy regarding monies for us the peasant.
Gorgeous gorgeous spread there. My heart is actually bursting! I bet that was fun to hold and play with (dont pretend you didnt have a proper private fondle).
In terms of the current price, I'm pretty sure Ill be ordering a tube of something next, which is a huge purchase for me. Im 50/50 between Britannias and Libertads though!
I love that table candy. But trust me it is going to get better - wait until next week.
Stacker Noob UK I say go for the libs 😁😁🤣🤣 but that's only because I love them but my sensible head says the brit's for the long term CGT
Well since Ive found the libs on the cheap, I might just have to!
Well i'm in for the long term in silver, 15-18 pr Oz is still cheap imho considered what's comming soon in regards to the whole financial situation world wide.
Prices go up and they go down....But hold it long enough and it will go up!
ive backed up the truck with i mg of silver...and i cant blomming find it
Ok...not good I suppose!
i just max out my credit cards to buy silver
How can I buy at spot??
I'm definitely buying. Bought 100oz at $15.40/oz. Gonna buy another 100 soon, then waiting in hopes it breaks down to the $12- 13 range. Anyone buying crypto as well?
It is a good time to buy
Nice video, bro 👍
Thanks!
LOL, went into the pawn shop in my neighborhood. The brought out 2 tubes of the Queens beast dragon of wales 2 oz rounds. MINT. I asked how much. They said spot plus sales tax. LOL. They sell for $50 each. Im going back tomorrow to take them all.
Buy them all!
You wanna work out a trade on one of those tubes? It'll be like 307.40 plus shipping
Sadly I would have to pay an extra 20% tax when they were imported to the UK!
Yeah IM just gonna keep Buying and buying and buying a then use my spot price yet with all the companies so I was waiting for this Time of the big buys . Cheers B YB
Pleasure as always Billy!
don't go into debt, if you got the extra cash go buy it now! the name of the game is diversify.
I bought when it was about $16, cuz they all said "it can't go any lower from here"! I bought at $37, watched it gyrate for 6 months and got out again at $37, so when I bought again at $16 I got more than twice as much for the same money. Now it's down 30%! I think it is wrong to chide people who have buyer's remorse over the value of their investment falling. Are you only buying for your children to inherit? Didn't think so.
I'm just putting tube of eagles and finishing my britania set right now....the brits are not cheap...could buy 10 eagles for a bu 1997 britania.
Ouch, that is an expensive britannia!
A full britannia set on ebay right now wanting $800...and some 1997's for over $300.
Make a video on the best place to Sell your silver