One of my LCS"s I first bought at is cold as ice. Treat me like just some petty silver buyer. I've spent thousands there! Other coin shop dealer handed me his pistol to look at. My guy....
Gold and silver is an insurance policy for our family if our paper becomes worthless, I don’t care about the price… I hold what I think is the right amount, this is just one safety supply item. In Canada, our banking institutions are not safe or secure with our current government situation.
Hold for bad times. Barter for goods. I have honey stored for just that reason. Bartering would be the way to go. I can also melt my silver for the flintlock and hunt for food. A lot of reasons for keeping it around
If you listen carefully, he gave away some important information. If/when the silver (or gold) prices go up significantly the shops will close their doors. They would be stuck losing cash and the market would pause until buyers got used to the new price. Which means present holders would be sitting on a product they could NOT readily convert. You need currency but couldn't get any. That is concerning but VERY believable!
@@dmonty4354 This happened with a VERY reputable shop in Spokane, WA last week. Gold was on the "A-mark" site at 2320 something or so but the shop would only pay 2275 because they were gold heavy. Now today it's jumped to 2413. Don't need to cash any in at the moment but would be interesting to hear what they would pay.
This is what I realize, that I will never trade my metals for fiat again. I will trade my metals for real goods and services, like it should be............as God intended because its real money!!
A few years ago, India called in its currency. Declare it, and turn it in for the new money. The old money becomes worthless. Easily, will happen here.
Not exactly recently, but in 3 Parts! Candid Talk with Gold and Silver Bullion Dealer. My Ultimate Sit-Down Interview! (Part 1) ua-cam.com/video/4Tol5AmHYtI/v-deo.html
@@workingrich8464 Yeah, that seems to be the pattern, alright. Problem is, it doesn't really solve anything. It's like rearranging the deck chairs on the Titanic. Not only will it happen here, it's already happened here a few times. The current FRNs are about the 4th or 5th iteration of currency here in the US. None of those changes mattered a bit in the long run, yet somehow it seems attractive to TPTB. Guess they don't know any more about money than a hog does opera.
Have you read this quote? "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered." Thomas Jefferson.
The Great Taking. If you're not aware, look it up. It will tell you that You don't have first title to: your investments, your house, your car, or your children.
I have asked this same question to other stackers. Thanks for answering it! Don’t invest money in anything, even gold & silver,that you can’t afford to lose.
All you can definitely lose just like I have because I'm on social security and I can only buy small quantities of silver but I bought that over 4 years ago and now because of what's going on I have to cash in my silver to meet my bills for food car gas insurance medical I could go on and on. I'd like to see a go down to $6 an ounce and then I can buy my silver back. As I didn't make any money on it in 4 years to tell you the truth. So 4 years of holding onto silver was BS for me. So are you rich people out there enjoy your wealth I hope you can take it with you.
What you fail to understand is when silver skyrockets and breaks 100 and higher, the dollar and stock market will have crashed. No more comex. There will be a new currency eventually. And during that time I will be buying real estate with the silver. I will not cash any silver out…. Until a new currency is in place, and then only a little at a time😊
The new currency ? CBDC......I highly doubt we would ever see fiat currency again if that scenario occurs. Maybe one backed by gold but again, doubt that. The government in the midst of a currency collapse would have the perfect leverage for the CBDC. Ultimate power trip for them.
I remember the 1980 buys. Crazy. I saw buckets of silver taken to a large U-Haul that was squatted down. I had one buyer tell me there were uncirculated Walkers, Morgans, etc. going through. $50 an ounce back then would he like $200+ now. I remember my Dad having a hard time holding onto a lot of his coins. They just exploded in value.
Buying some $100 bags of silver was what funded my stock investing when I was first starting to invest. I bought 3 $100 face bags of silver coins around $17.50 and sold them a few months later in 3 sales of $42, $44, and $46 an oz. Made a nice profit on them.
@@silverman5707 They were. But the counters and buckets and uhauls were for the mass of silver. I started collecting as a kid in 1977. I remember Dad holding on to coins and weighing whether to sell. He sold some. It was crazy.
In the past year I started selling off numismatic coins like unc Indian cents and many others. I turned that into some silver and some cash. When the SHTF , I want to be prepared. As a senior I have to try to cover my rear end. @@silverman5707
Personally gold is much better option, It’s always a good option to keep some gold. Well with the current market situation and everything at stake with the present economy, I’d say you’re better off staying away from stocks fr awhile or better still reach out to an adviser for guidance.
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful for my adviser moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
@@rut5161would look nice silver shoes on a horse. Won’t last long if it’s hard ground. Redwood it if the metal back to the earth with a holy animal tho 🤔
@@cerealaugher I second that, thats why I grow my own food and fish (can hunt and process game if need be), a food stockpile doesn't cost much. However, there will still be plenty of bartering with PM when shit tanks.
Just makes sense that even if you have precious metals or gems or anything like that, they are only worth whatever you can get for it. And if nobody can pay what you want as they don't have that money available to them, then it becomes again, essentially, useless.
My Coin Dealer turn away Two Monster Boxes of Silver Eagles at $25.00 Ounce. People are dumping Silver & Gold & his Inventory is Full because Silver Stackers & Gold not buying, because People are hurting financially!!! I am Silver Stacker but the Key is Buy Low & Hold for The Long Haul just in Case the Economy Collapses, you could borrow or trade or food & trade with the Community!!! I am also Stacking for Rainy Day & Leaving It for my Children Future & Hopefully it will Increase in their Life Time!!!🥈🥈🥈
That all sounds logical to me, but it doesn't discribe the real endgame "Weimar" Szenario. On the way to "Weimar" there will be a lot of Sellers, but in "Weimar" nobody would sell Silver for Reichsmark at any given Price...
I think the most important thing to remember is not whether prices are going up or down. It's the ability to create momentum by unloading your stock, buying more, selling even more, until you feel comfortable with trading metals. Have at least 3 or 4 serious LCSs or people you can run to in the event of a serious SHTF event where you need to get all the money you can. I can now say that we officially live in a federal prison called Canada. Peace to all. Be safe out there.
The Hunt brothers really did me good when they tried to corner the market in silver. I backed the truck up and started unloading.......The good old "back in the day" story...Silver falls like a rock soon after. 2011 was another bonanza! Been there, done that and made out well!
My dealer told me just this morning when I went to purchase more gold and silver that when the price of silver hits 36 dollar a ounce he will close his doors. He has no interest in getting into the mess that will cause him. At the current time he has stopped buying back any metals. He said he doesn't like the look of the future. He's elderly and just not into it anymore. Unfortunately, he is the closest dealer to me under 150 miles. Therefor, as of this morning I have made my last purchases of the metals. I'm moving on to something else.
@@d-bird5815 Actually, we just purchased 40 acres with a river running through one side and three ponds on the other half and lots of trees, mountains and flat area for grazing animals. We'll hold on to what we have but this land was our next step to being free as much as possible.
We will be lucky if silver hits $30 by the end of '24. If silver ever goes to $40, there will be a stampede to sell silver, and depressing silver back to low $20's by big banks and speculators !!!
@@corneliusjones7349Yes but you can't trust it. Comex will decide when to pull the rug. Silver will not ever settle at its real value unless there is catastrophic financial event that wrests control from Comex. I have my stack in place and I am not buying or selling. I can't imagine a scenario where I will change that stance. I have it for insurance alone. Not for capital gain. I don't want any more fiat in place of my silver and I don't want any more silver. My silver can just sit and wait to see if a financial crash happens and at that time I will have to ponder what to do with it if anything at all. I don't care what spot is ever. Just that I have a stack of insurance.
Part of the answer is to stack SMART… PMs should never comprise more than about 25% of your total assets, stack only when you have zero non-mortgage debt, and you need to have a 3-6 month emergency fund (in cash).
@@janicejohnson1334everyone needs to take profits in when it happens. Partially in the least not the entirety. 🎉 up to them but is foolish not to. Look at it as your DCA just got a jump lower 🎉
The GOLD pattern is pretty straight forward. Goes up when the COMEX & LBMA is closed and then it goes down when the LBMA opens, then around 8-8:30AM it goes down a little more, then at ~10:00-11:00AM when the LBMA is closing, it goes down some more. Usually at that point, it will trade in a range. Then when both are closed, prices tend to go up. Rinse and repeat. No always like this but happens more often than it doesn't. Think about last month when prices jumped into the mid-$2100's. It was all after hours. Then, TPTB sold a shitload of paper gold to bring into what they consider a safe and manageable trend line.
I’m new to stacking and my greatest fear is not being able to sell when I want to. Premiums are pretty high compared to buy back and you might not be able to sell anything at $40/50/100 per oz. Has me wondering if I should keep going. All the metal in the world is worthless if you can’t sell it/ trade with it. Junk may be useless too. Tapping the breaks a little
Could be a plan the fed has when the dollar collapses they manipulate the price extremely high finally 🎉😂 effectively making it worthless as it won’t move. Biggest burn would be not allowing it to be sold ect with the new currency they release without huge taxes or other costs to it 😮😢
@@rob0921 if you want to sell,and they won’t buy,what else can you do but back off? When nobody will buy,you’re stuck like Chuck with a very heavy load.
At $100 an ounce, the demand for fractional (90% silver) would be immense. A dime could go for $7.23, and a quarter for $18. That is "IF" someone was buying.
This is the reason i try to deal primarily in 90% it's a recognisable asset to folks that don't know much about metals but you may be able to trade with just because of that..
I buy generic / gold and coin roll hunt for my 90% 👍 . I come from modest family with humble roots. The way I see it is I’m gathering some of that “old money”. Even though I didn’t inherit it I have access to it with a little work. Although it’s not too much work to be honest. Gets me out of the house , I meet people in my town and neighboring towns. And I get to meet other stackers. I will say most of my “competition”is older folks. And the younger crowd I speak to about it seems to think I’m doing something illegal lol
@@markanthony7546 It's hard to convince the young folks that silver and gold were used as money at one time in our history. It hasn't happened in their lifetime, so it's not quite real to them. As an official member of The Old Fart's Club, I used silver coins as a boy back in the late 1950s and mid-1960s. By that time, silver coins were being hoarded, so there wasn't as much of it around. Roll hunting was still good then, as it took a while for the silver to be recovered from those coin rolls at the banks. Some still do that today but the pickings are mighty slim now.
Learned more about economics from this guy in 20:00 then I have from any educational institution thus far in in my life. Appreciate these videos thank you guys.
Never fear that gold or silver will not transact in commerce because of high prices. The dead dollar will drive people to do real assets and the most liquid assets are metals.... If anything the public, (Rich Public) will jump in as they will have paper money needing transition in a dollar crash/depression. Money changers will be looking to secure silver for sale in ares of the world where the price is higher than in the U S A at that time. It is happening now, the price is higher in Asia now for PM's. PMs are better than holding paper fiat whatever happens.
Always thought that the coin might be hard to eat. Give you a box of 308s might catch something or 4 tins of beans. Who would have to money to exchange?
I was just in my local coin/bullion shop and he had purchased a quantity of Krugerrand's. He offered them at $45 over spot to reduce his inventory. He said that he was not ready to wholesale them quite yet.
I feel for the people who are having to sell their silver and gold to get by; whether it be property taxes, insurance, medical bills or food. All before the years of real trouble hits.
The difficult consequences of what happens when PM prices explode is the reason I keep larger denomination bars in storage (for easy sale and swap with the storage provider) and why I keep 1 oz silver coins at home. Who knows, your buyer may be your neighbours when the time comes . I invested in a sigma precious metals verifier a while back for the same reason (to give my eventual buyer confidence in a private sale if need be). We are prepping for truly disruptive times. We got to have all sort of off ramps and plans ready. This was an important discussion in today's video. Thank you!
@@Whaticansayaboutit correct a silver eagle will be ONE DOLLAR a thousand years from now. Whatever spending power that has in fiat fed rez, who knows. There was a year in the 60's when briefly silver was $1, so.
Whether it goes up or down I won't give up on stacking silver Most people doesn't have any patience I have some silver that I have had for over a year but I am biding my time silver will level out eventually at a decent price giving up is not the answer but everyone is free to do what they want
I have 12 years and still impatient LOL but you don't buy to invest but you buy to maintain that store of value into the future. Another words you don't buy to GET RICH but it is great for STAYING RICH or silver rich for that matter.
I got some gold and silver I bought back in 1994. Got several oz of gold . Got them for practically nothing.. I've held on to them for hard times. Haven't hit that hard time yet but with this administration anything is possible..
I have 1000’s of ozs. From 47 years ago. And I have Bought and Sold Percentages of those ozs. Over the years. Each time multiplying my holdings 4 to 5 times. This will be my final point of the deals I’ve done. I won’t re-invest in metal. And I will never sell into this failing currency. I am currently waiting for a 20 to 1 Gold / Silver Ratio. Don’t tell me it will not happen as it has already happened in our Past.
This has been my concern. These bullion dealers that you purchase from I've been purchasing from the same one JM bullion for 5 years and they say you can sell it back to them for a fee of course. But what happens when the price skyrockets and everybody wants to sell their gold or silver back to them are they going to have enough to cover all those customers
Itll be worth more to brics countries, these dealers buy from you at a discount and then sell to brics, brics is after all the most likely reason pm will skyrocket
There are two reasons why silver will rise (or fall) in price: 1) If the demand goes up (or down) This is just the „normal“ economic rule. 2) If there is inflation (or deflation) This is the obvious rule that silver keep its value Note: The silver price manipulation ONLY works when there is trust in the value of the currency that the silver-futures have been emitted in. In case that the investor does not trust that, e.g. the dollar, keeps its value for the duration of the silver-futures, he will not buy the futures. At least the investor will want a premium for compensation of inflation. Huge system, as are the silver, gold and other economic markets usually react very slowly. But they are also very much influenced by the dominant players like Blackrock, vanguard and others. Those „big boys“ orchestrate the markets, so that they have time and opportunity to change the asset classes at the right time and price. The opportunity for small investors is to predict the moves of the „big boys“. Good luck 🍀
I saw it in 2010-4/2011......a lot of things came out of the woodwork and were sold as the metals slowly rose, but the bulls still outnumbered the bears. The FOMO fever was real and the shops (at the time there were 4 in my area, now there's 3) were constantly busy.
Love Tim's videos! Keep them coming! Although it's concerning - He seems a bit worried about the amount of inventory he has in stock! Locals need to get down to the shop and Buy buy buy!!
🎉 I wish the community could come in and help him but that would be hard in his little shop. I can't imagine how he handles all of that by himself!!!😢❤
I think that by the time PMs will be priced sky high, the hard ships of the life will have shaken out all properties out of most people. Including PMs as some of the first.
Fantastic video today guys. You and Tim are a hoot to watch. Very entertaining and also lots of great information to help us make everyday decisions. God bless you both.
these banks are folding because the powers that be want this consolidation. This allows greater control for them (from a digital sense) and then allows rapid CDBC involvement. Expect a resurgence of the DEI/ESG/Sustainability nonsense to push further pain and control.
IMO. We will be returning to asset back currency. Some banks will crash, and other banks will thrive. With the new Quantum Financial Systems, banks that survive will work the way a bank should. You bring in assets to the bank, and you get credited with said assets to your account.
This was 2 months ago and now gold and silver is higher. I always thought that dealers would not be able to buy unlimited quantities when a sell run happens and if they would buy the price paid would be a lot lower, they have to make money also but if the dealers buyers won't buy anymore than everyone is setting on metals with no buyers. Good luck metal holders, you would still have to convert your metals to a form of currency to operate in the market place. I wouldn't want to be holding metals in a Mad Max atmosphere!
I got into Meteorites to diversify! By accident but im hooked now! I still love gold & silver but man, there is something about holding something fresh from outer space is absolutely amazing! I have 2 of them!
@@UndergroundLookingUp I stumbled upon 2 meteorites by total mistake! I have a couple of videos on my channel. The 1st meteorite i found i traded to the jewelry store for 80 oz of 999 silver bars! The 2nd meteorite I found i still have. I find them lakes rivers or wide open flat spaces. This seem to be where the meteorites hang out. I recently found another Stoney meteorite but I didn't make a video for that one. Maybe I'll make a video of the new Meteorite I found! I have 2 in my collection now! So far I have a iron meteorite & Stoney meteorite. I really want to find a pallasite meteorite! Use your maps. It takes along time but it works! Look for odd circle patterns. They will be very hard to see but if you use this method you will definitely find one!
With all do respect it I don't even believe it anymore. I have bought and bought and bought and damn it absoluelty refuses to even hold over $25 which is pathetic. Meanwhile Bitcoin is moving tech stocks are moving. I love to see my account make that big gains but gold and silver are stagnant. I have about given up hope I dont even look at the price anymore and when it does go up I already know within days its right back down so really no point in wasting money buying it
I bought 5k in silver and 5k in bitcoin last year. I’m in the red with silver and doubled my money in Bitcoin. Im going to hold both for another year at least but sure would like to know when silver’s going up? A lot of spin or manipulation for sure
@@olddirtybastardgarage True but silver hasn't gone up in over a decade. It is by far the worst thing to buy because of manipulation. The value of the dollar is down approximately 300 percent since 2012 and silver has only gone down. Silver should already be 100 dollars if all it did was keep up with inflation.
@@olddirtybastardgarageWhen the rigging ends silver will be in the hundreds but I don't think the rigging will end until they have some CBDC in place. You should stack knowing that you have real money outside the system. It should be used for bartering goods and services. The merchants will get on board with the new slave system that will replace the current slave system. People need a community or live somewhere that sees silver as real money and uses it as such.. Hoarding it hoping to make a profit when you sell is futile. There are far better investments such as land and Bitcoin.
The COMEX only trades in 5,000 ounce bars to supply industry for use in huge and growing PV demand, EV, electronics, military, water purification, medical, soldering and so forth... and mined silver has been less than demand over a number of years so is there really ALL this stock of 'old' silver in vaults to meet future demand from past supply? Is supply becoming more dependent upon refiners melting coins and bars? but these are relatively small in the overall supply of physical silver, and so the question is.. Is silver becoming really scarce ?
Liquidity is drying up. People are selling to pay bills or raise cash after holding for years. Buyers paid a premium and some are selling and I don't blame them, but if we head to 2400-2500 this year sellers will be kicking themselves, then Tim will be happy. I'll sell back to SD Bullion, but I fear of shipping my GC by mail. What is the safest way to mail it? USPS... idk.
Video is 2 months old. So two months ago Feb. 8th silver was $22.64 and today April. 8th it's $27.95 I wonder if he would've bought all that gold & silver from that guy if it was today's date? I do believe the guy that walked in selling that was set up prior to the video and was fake. JS
Hi, spoke to Tim today, sent him a check this afternoon, hope to meet Tim next week or so, 'n bring some metals home with me,... Love yer channel Yankee,....
The friendship between Tim and Yankee is priceless. Bless you both.
They are both very fine gentlemen. I was thrilled to meet Yankee during my last visit. They are a good team.
Just wish ALABAMA & New Hampshire weren’t so far apart! I would be doing some business with Tim today, for sure.
Worth more than all my silver and gold!!
One of my LCS"s I first bought at is cold as ice. Treat me like just some petty silver buyer. I've spent thousands there! Other coin shop dealer handed me his pistol to look at. My guy....
@@YankeeStacking Careful, he just might call you in on that! 😂
He'd close the doors. That's a big warning right there.
Gold and silver is an insurance policy for our family if our paper becomes worthless, I don’t care about the price… I hold what I think is the right amount, this is just one safety supply item. In Canada, our banking institutions are not safe or secure with our current government situation.
Hold for bad times. Barter for goods.
I have honey stored for just that reason. Bartering would be the way to go. I can also melt my silver for the flintlock and hunt for food.
A lot of reasons for keeping it around
@beebob1279 if it is minted into coinage by a sovereign government, it's money, so no barter.
WELL SAID‼️ Insurance, not a wealth-building investment.
@@YankeeStacking Also a pretty nifty way to save for those who have trouble hanging onto their cash.
Not if but when
If you listen carefully, he gave away some important information. If/when the silver (or gold) prices go up significantly the shops will close their doors. They would be stuck losing cash and the market would pause until buyers got used to the new price. Which means present holders would be sitting on a product they could NOT readily convert. You need currency but couldn't get any. That is concerning but VERY believable!
Very concerning
This has proved to be true in a certain South American country that is in hyper inflation. The people still need the fiat currency to survive.
@@dmonty4354 This happened with a VERY reputable shop in Spokane, WA last week. Gold was on the "A-mark" site at 2320 something or so but the shop would only pay 2275 because they were gold heavy. Now today it's jumped to 2413. Don't need to cash any in at the moment but would be interesting to hear what they would pay.
Except that this has never happened and such a huge price jump is unlikely unless the whole nation is on fire and the dollar is finished.
This is what I realize, that I will never trade my metals for fiat again. I will trade my metals for real goods and services, like it should be............as God intended because its real money!!
At least some people still understand why they're stacking.
Haggai 2:8 The silver is mine and the gold is mine says the Lord of Hosts.....His money is of true and honest measures and is not corruptible.
I have bought Property and a business with Precious Metals
Absolutely
Lol Let's hope God isn't a haggler! 😂
I like that Tim isn't afraid to tell the truth.
People like Tim THRIVE on the truth because it is a large part of who they are.
The older you get the easier it gets to live this way
What is there to be afraid of? You're making it sound like he's holding government secrets LOL😂😂😂
I couldn't agree more with Tim. Too big to fail should not be. If you can't make it you go out of business. Simple as that
Couldn’t let AIG go out of business they had 8 million teacher pensions
Yankee, can we get an hour long sit down talk with Tim. State of the country, politics, etc.
That would be great.
It’s been recently done
A few years ago, India called in its currency. Declare it, and turn it in for the new money. The old money becomes worthless. Easily, will happen here.
Not exactly recently, but in 3 Parts!
Candid Talk with Gold and Silver Bullion Dealer. My Ultimate Sit-Down Interview! (Part 1)
ua-cam.com/video/4Tol5AmHYtI/v-deo.html
@@workingrich8464 Yeah, that seems to be the pattern, alright. Problem is, it doesn't really solve anything. It's like rearranging the deck chairs on the Titanic.
Not only will it happen here, it's already happened here a few times. The current FRNs are about the 4th or 5th iteration of currency here in the US. None of
those changes mattered a bit in the long run, yet somehow it seems attractive to TPTB. Guess they don't know any more about money than a hog does opera.
CBDC
Have you read this quote? "If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered." Thomas Jefferson.
Yup! An awesome quote. 👌🏼
False quotation...the terms inflation and deflation did not exist until generations after Jeffersons death. Sorry
The Great Taking. If you're not aware, look it up. It will tell you that You don't have first title to: your investments, your house, your car, or your children.
@@lucylovitt9583even the kids?
The market is rigged
Absolutely…same with the sporting cards, lotto, etc…
Called Tim today, ordered some Silver. Had a pleasant conversation. Yes he does answer his own phone.
That’s great!! 👌🏼
Are silver and gold priced manipulated by large institutions? JP Morgan was fined nearly a billion dollars for spoofing the ask/bid price of silver.
Absolutely, JPM has the largest spot position right now. They are trying to repeat 1981...
I have asked this same question to other stackers. Thanks for answering it! Don’t invest money in anything, even gold & silver,that you can’t afford to lose.
Yup‼️👌🏼👌🏼👌🏼
Fiat is no longer money.
You will never lose, just may need to sit on it for a while!
@@noanyobiseniss7462it is until it isn't. Try taking your silver eagles into walmart, they'll just laugh at you
All you can definitely lose just like I have because I'm on social security and I can only buy small quantities of silver but I bought that over 4 years ago and now because of what's going on I have to cash in my silver to meet my bills for food car gas insurance medical I could go on and on. I'd like to see a go down to $6 an ounce and then I can buy my silver back. As I didn't make any money on it in 4 years to tell you the truth. So 4 years of holding onto silver was BS for me. So are you rich people out there enjoy your wealth I hope you can take it with you.
What you fail to understand is when silver skyrockets and breaks 100 and higher, the dollar and stock market will have crashed. No more comex. There will be a new currency eventually. And during that time I will be buying real estate with the silver. I will not cash any silver out…. Until a new currency is in place, and then only a little at a time😊
Yes only when there is a new currency backed by GOLD
Very well said!
That’s what I’m hoping to do too
I don’t fail to understand that. I’ve said that for 5 years now! PM price control is going to be completely lost one day.
The new currency ? CBDC......I highly doubt we would ever see fiat currency again if that scenario occurs. Maybe one backed by gold but again, doubt that. The government in the midst of a currency collapse would have the perfect leverage for the CBDC. Ultimate power trip for them.
I remember the 1980 buys. Crazy. I saw buckets of silver taken to a large U-Haul that was squatted down. I had one buyer tell me there were uncirculated Walkers, Morgans, etc. going through. $50 an ounce back then would he like $200+ now. I remember my Dad having a hard time holding onto a lot of his coins. They just exploded in value.
Buying some $100 bags of silver was what funded my stock investing when I was first starting to invest. I bought 3 $100 face bags of silver coins around $17.50 and sold them
a few months later in 3 sales of $42, $44, and $46 an oz. Made a nice profit on them.
All coins were selling, nickels Indian head and steel pennies.
@@silverman5707 They were. But the counters and buckets and uhauls were for the mass of silver. I started collecting as a kid in 1977. I remember Dad holding on to coins and weighing whether to sell. He sold some. It was crazy.
In the past year I started selling off numismatic coins like unc Indian cents and many others. I turned that into some silver and some cash. When the SHTF , I want to be prepared. As a senior I have to try to cover my rear end. @@silverman5707
Personally gold is much better option, It’s always a good option to keep some gold. Well with the current market situation and everything at stake with the present economy, I’d say you’re better off staying away from stocks fr awhile or better still reach out to an adviser for guidance.
Just buy and invest in Gold or other reliable stock , the government has failed us and we cant keep living like this.
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful for my adviser moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
How can i reach this adviser?
Sharon Ann Meny is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
If a dealer won’t buy back metals, then why should I buy PM’s?
I’m keeping mine for bad times. Hopefully bartering will keep food on the table
Seems all we will be able to do is swap for gold, wont be able to cash in. Does not look good.
@@feelnrite the smelters will be buying
@@rut5161would look nice silver shoes on a horse. Won’t last long if it’s hard ground. Redwood it if the metal back to the earth with a holy animal tho 🤔
I'm not bartering my food for metals
@@cerealaugher I second that, thats why I grow my own food and fish (can hunt and process game if need be), a food stockpile doesn't cost much. However, there will still be plenty of bartering with PM when shit tanks.
75 for 1oz of silver in New Zealand 1oz of gold is going for 4300 -4500
Loved this dude selling to Tim today. Great energy.
Just makes sense that even if you have precious metals or gems or anything like that, they are only worth whatever you can get for it. And if nobody can pay what you want as they don't have that money available to them, then it becomes again, essentially, useless.
Silver is for long term holders,not sell it after a few years!!!!!
What if they held it since the 80’s? 👀 sell whenever. Least it would be personal choice and not out of necessity 😢
My Coin Dealer turn away Two Monster Boxes of Silver Eagles at $25.00 Ounce. People are dumping Silver & Gold & his Inventory is Full because Silver Stackers & Gold not buying, because People are hurting financially!!! I am Silver Stacker but the Key is Buy Low & Hold for The Long Haul just in Case the Economy Collapses, you could borrow or trade or food & trade with the Community!!! I am also Stacking for Rainy Day & Leaving It for my Children Future & Hopefully it will Increase in their Life Time!!!🥈🥈🥈
Why would people trade food for gold in a collapse?
Glad you didn’t sell at $25?!
@@oggyoggy1299because they had an excess of food and want gold for it
I think there is another factor that may come into play this time that will make all the difference. What if there is no value in the US Dollar?
never happen. inflation does it better and slower
That all sounds logical to me, but it doesn't discribe the real endgame "Weimar" Szenario. On the way to "Weimar" there will be a lot of Sellers, but in "Weimar" nobody would sell Silver for Reichsmark at any given Price...
These videos with Tim are my favorite !
I think the most important thing to remember is not whether prices are going up or down. It's the ability to create momentum by unloading your stock, buying more, selling even more, until you feel comfortable with trading metals. Have at least 3 or 4 serious LCSs or people you can run to in the event of a serious SHTF event where you need to get all the money you can. I can now say that we officially live in a federal prison called Canada. Peace to all. Be safe out there.
The Hunt brothers really did me good when they tried to corner the market in silver. I backed the truck up and started unloading.......The good old "back in the day" story...Silver falls like a rock soon after. 2011 was another bonanza! Been there, done that and made out well!
My dealer told me just this morning when I went to purchase more gold and silver that when the price of silver hits 36 dollar a ounce he will close his doors. He has no interest in getting into the mess that will cause him. At the current time he has stopped buying back any metals. He said he doesn't like the look of the future. He's elderly and just not into it anymore. Unfortunately, he is the closest dealer to me under 150 miles. Therefor, as of this morning I have made my last purchases of the metals. I'm moving on to something else.
Same.
Buying land, food, and crypto.
Canned food, guns and ammo makes just as much sense
Maybe you could start your own shop, when he shuts down....
@@d-bird5815 Actually, we just purchased 40 acres with a river running through one side and three ponds on the other half and lots of trees, mountains and flat area for grazing animals. We'll hold on to what we have but this land was our next step to being free as much as possible.
Hopefully metals will be revalued higher against a new currency, then start cashing.
We will be lucky if silver hits $30 by the end of '24. If silver ever goes to $40, there will be a stampede to sell silver, and depressing silver back to low $20's by big banks and speculators !!!
Silver is climbing near $29
@@corneliusjones7349 26 bucks atm
@@corneliusjones7349Yes but you can't trust it. Comex will decide when to pull the rug.
Silver will not ever settle at its real value unless there is catastrophic financial event that wrests control from Comex. I have my stack in place and I am not buying or selling. I can't imagine a scenario where I will change that stance. I have it for insurance alone. Not for capital gain. I don't want any more fiat in place of my silver and I don't want any more silver. My silver can just sit and wait to see if a financial crash happens and at that time I will have to ponder what to do with it if anything at all. I don't care what spot is ever. Just that I have a stack of insurance.
$31 now as of 5/18/24
We’re already looking at $40 in Canada. I just looked at some 2024 Maples $39.04 an ounce spot prices $30.02.
Bought some for $36.5 CAD a little while ago. I’m new to stacking and realized I might have bought high. But I’m learning 😅
@@markanthony7546 36 I would buy a lot but if you’re Canadian silver gold bull has a 10 ounce bar on until the end of the month for spot price
I wonder can Americans drive to Canada and sell?
Canadian money is lower value ,so price is higher
@@HANZELVANDERLAAY you probably can but why would you when a Canadian dollar is only worth $.75 American
For gold... $2000 used to be where the resistance was. Now $2000 is where the support level is. Eventually, similar things will happen to silver.
More banks are gonna fail. Silver should move bigly
Wanna bet? It won't.
Traders, largely the big banks have the silver market under control and they'll never relinquish control.
@@PaulBeck-ie2um Insert a "from their cold dead hands" comment here.
Several times he basically asked this guy how much cash he has on hand. Kudos to the store owner for answering politely and eloquently.
That is my concern, that silver goes up and so many people selling all at once.
Part of the answer is to stack SMART… PMs should never comprise more than about 25% of your total assets, stack only when you have zero non-mortgage debt, and you need to have a 3-6 month emergency fund (in cash).
I’ve lived through the $50 an ounce twice, and I can assure you that it becomes a buying frenzy, as people feel FOMO and want some now…
@@janicejohnson1334everyone needs to take profits in when it happens. Partially in the least not the entirety. 🎉 up to them but is foolish not to. Look at it as your DCA just got a jump lower 🎉
What’s Tim’s price on 100 ozt or kilo silver?
@@Theoldman62 call his shop. Prob not as good as a big dealer can do. I’d guess $720/ 2300 as a guess.
The GOLD pattern is pretty straight forward. Goes up when the COMEX & LBMA is closed and then it goes down when the LBMA opens, then around 8-8:30AM it goes down a little more, then at ~10:00-11:00AM when the LBMA is closing, it goes down some more. Usually at that point, it will trade in a range. Then when both are closed, prices tend to go up. Rinse and repeat. No always like this but happens more often than it doesn't. Think about last month when prices jumped into the mid-$2100's. It was all after hours. Then, TPTB sold a shitload of paper gold to bring into what they consider a safe and manageable trend line.
100% true
Tell me more 😮
Water, food, protection, shelter, clothing and supplies, tools, cash, metals, most importantly prayer, health and skills. Spread it out .
You sound like Lynette Zang but it's so true and community and skill sets
I will only trade my metal for a different asset. The whole point is I want out of paper and digits. They are illusions of wealth.
Perfect strategy! 👏🏼
Its above 30 now and i bought for the first time and plan to buy until it hits $90
Sure wish I lived close by Tim's shop instead of cross country.
I’m new to stacking and my greatest fear is not being able to sell when I want to. Premiums are pretty high compared to buy back and you might not be able to sell anything at $40/50/100 per oz. Has me wondering if I should keep going. All the metal in the world is worthless if you can’t sell it/ trade with it. Junk may be useless too. Tapping the breaks a little
Could be a plan the fed has when the dollar collapses they manipulate the price extremely high finally 🎉😂 effectively making it worthless as it won’t move. Biggest burn would be not allowing it to be sold ect with the new currency they release without huge taxes or other costs to it 😮😢
I would back off if a bullion dealer says they won’t buy
@@rob0921 if you want to sell,and they won’t buy,what else can you do but back off? When nobody will buy,you’re stuck like Chuck with a very heavy load.
@@jimalberts5883 exactly! That’s why I’m moving to gold, I’ll sell my stack of silver as soon as I can. I’ll take the loss.
At $100 an ounce, the demand for fractional (90% silver) would be immense. A dime could go for $7.23, and a quarter for $18. That is "IF" someone was buying.
I agree.... that would become it's bartering value not so much cashable value
"Too big to fail is....Sucks to be you"
Quote of the year 2024
😂👌🏼
This is the reason i try to deal primarily in 90% it's a recognisable asset to folks that don't know much about metals but you may be able to trade with just because of that..
I buy generic / gold and coin roll hunt for my 90% 👍 . I come from modest family with humble roots. The way I see it is I’m gathering some of that “old money”. Even though I didn’t inherit it I have access to it with a little work. Although it’s not too much work to be honest. Gets me out of the house , I meet people in my town and neighboring towns. And I get to meet other stackers. I will say most of my “competition”is older folks. And the younger crowd I speak to about it seems to think I’m doing something illegal lol
@@markanthony7546 It's hard to convince the young folks that silver and gold were used as money at one time in our history. It hasn't happened in their lifetime, so it's not
quite real to them. As an official member of The Old Fart's Club, I used silver coins as a boy back in the late 1950s and mid-1960s. By that time, silver coins were being
hoarded, so there wasn't as much of it around. Roll hunting was still good then, as it took a while for the silver to be recovered from those coin rolls at the banks. Some
still do that today but the pickings are mighty slim now.
Thank you Tim and Yankee.
so level headed. no BS. much respect
Another important visit to Tim’s shop!!! Love learning something each trip we take!!❤
Learned more about economics from this guy in 20:00 then I have from any educational institution thus far in in my life. Appreciate these videos thank you guys.
The price will never get that high, it's a fantasy.
When I hear someone say silver will go to $100, I tell them unless they pay $50 for all of mine today, it's bullsh*t.
It will get that high
Never fear that gold or silver will not transact in commerce because of high prices. The dead dollar will drive people to do real assets and the most liquid assets are metals.... If anything the public, (Rich Public) will jump in as they will have paper money needing transition in a dollar crash/depression. Money changers will be looking to secure silver for sale in ares of the world where the price is higher than in the U S A at that time. It is happening now, the price is higher in Asia now for PM's. PMs are better than holding paper fiat whatever happens.
I have always stacked silver for only one reason, barter in SHTF. It's always been beans, bullets and bullion, in that order.
Yep... and Band-Aids.
Always thought that the coin might be hard to eat. Give you a box of 308s might catch something or 4 tins of beans. Who would have to money to exchange?
If we go into a SHTF situation no one will care about gold or silver. But people will take your ammo abd food
@@20hansdiet hell yeah man, cant shoot gold or eat silver lmfao
I was just in my local coin/bullion shop and he had purchased a quantity of Krugerrand's. He offered them at $45 over spot to reduce his inventory. He said that he was not ready to wholesale them quite yet.
So, did you buy any? Seems like a great deal.
@@edb3877 I was weak and couldn't resist.
I feel for the people who are having to sell their silver and gold to get by; whether it be property taxes, insurance, medical bills or food. All before the years of real trouble hits.
I do too!! i’m doing my best to educate people, so they avoid this.
property tax increase $400.00 from last year on me! only triple from two decades ago!
@@YankeeStacking Something about leading horses to water? 😕
Your "Real Trouble" is different than Other People's "Real Trouble"...
The difficult consequences of what happens when PM prices explode is the reason I keep larger denomination bars in storage (for easy sale and swap with the storage provider) and why I keep 1 oz silver coins at home.
Who knows, your buyer may be your neighbours when the time comes . I invested in a sigma precious metals verifier a while back for the same reason (to give my eventual buyer confidence in a private sale if need be).
We are prepping for truly disruptive times. We got to have all sort of off ramps and plans ready.
This was an important discussion in today's video. Thank you!
Dittttto!!!!!
The Chart shows a double top, and if It can't break resistance, then the chart[stock, commodity] will drop until it finds support.
Spot silver $43.10 Australian
Thanks for always having awesome videos yankee. You and Tim are incredible people.
So stacking gold/silver is basically not worth the trouble. Gotcha.
Macy’s raising credit card rate to 30.99%. What a deal
Bargain days are here again! 😂
Home Depot went to 29.99%
The U.S. Mint should put a $50.00 face on the ASE.
Yes
They should treat ASE like the post-office with their "forever" stamp. That would make it official constitutional money.
You want to devalue your nation's sovereign money by 5000 percent??
You might win the Nobel prize for that!
@@Whaticansayaboutit correct a silver eagle will be ONE DOLLAR a thousand years from now.
Whatever spending power that has in fiat fed rez, who knows.
There was a year in the 60's when briefly silver was $1, so.
Agreed!
Gold here in Australia go up lately and it keeps going up such a big difference from last 4-5 months
Whether it goes up or down I won't give up on stacking silver Most people doesn't have any patience I have some silver that I have had for over a year but I am biding my time silver will level out eventually at a decent price giving up is not the answer but everyone is free to do what they want
I have 12 years and still impatient LOL but you don't buy to invest but you buy to maintain that store of value into the future. Another words you don't buy to GET RICH but it is great for STAYING RICH or silver rich for that matter.
I got some gold and silver I bought back in 1994. Got several oz of gold . Got them for practically nothing.. I've held on to them for hard times. Haven't hit that hard time yet but with this administration anything is possible..
I have 1000’s of ozs. From 47 years ago. And I have Bought and Sold Percentages of those ozs. Over the years. Each time multiplying my holdings 4 to 5 times. This will be my final point of the deals I’ve done. I won’t re-invest in metal. And I will never sell into this failing currency. I am currently waiting for a 20 to 1 Gold / Silver Ratio. Don’t tell me it will not happen as it has already happened in our Past.
Great to see Tim again. Are you both ok. Please stay safe. Thank God bless have a great week.
This has been my concern. These bullion dealers that you purchase from I've been purchasing from the same one JM bullion for 5 years and they say you can sell it back to them for a fee of course. But what happens when the price skyrockets and everybody wants to sell their gold or silver back to them are they going to have enough to cover all those customers
Itll be worth more to brics countries, these dealers buy from you at a discount and then sell to brics, brics is after all the most likely reason pm will skyrocket
almost at 30 just 2 months later !
There are two reasons why silver will rise (or fall) in price:
1) If the demand goes up (or down)
This is just the „normal“ economic rule.
2) If there is inflation (or deflation)
This is the obvious rule that silver keep its value
Note: The silver price manipulation ONLY works when there is trust in the value of the currency that the silver-futures have been emitted in. In case that the investor does not trust that, e.g. the dollar, keeps its value for the duration of the silver-futures, he will not buy the futures. At least the investor will want a premium for compensation of inflation.
Huge system, as are the silver, gold and other economic markets usually react very slowly. But they are also very much influenced by the dominant players like Blackrock, vanguard and others. Those „big boys“ orchestrate the markets, so that they have time and opportunity to change the asset classes at the right time and price.
The opportunity for small investors is to predict the moves of the „big boys“.
Good luck 🍀
Getting hard to save for buying metals due to inflation! People selling to make ends meet. It’s been hard for me but I’m not there yet !
Absolutely loving these daily Yankee videos they are Golden
Aw, thanks so much, Jamie!
Agreed!!!! We go back and watch a lot of the old ones and share them with family members and take notes along the way.....❤❤
I saw it in 2010-4/2011......a lot of things came out of the woodwork and were sold as the metals slowly rose, but the bulls still outnumbered the bears. The FOMO fever was real and the shops (at the time there were 4 in my area, now there's 3) were constantly busy.
I totally enjoyed your visit with Tim.
Tims lived through this before and seen market swings. I always love listening to these guys because they’re filled with knowledge.
Love Tim's videos! Keep them coming! Although it's concerning - He seems a bit worried about the amount of inventory he has in stock! Locals need to get down to the shop and Buy buy buy!!
🎉 I wish the community could come in and help him but that would be hard in his little shop. I can't imagine how he handles all of that by himself!!!😢❤
Paper gold and silver manipulation has destroyed perception
I would say so if people think selling at 50 an ounce would be a smart move.
My butcher said the same thing, when beef hits $100 a pound he is out. 😂😂😂
But why? I don't get it
I think that by the time PMs will be priced sky high, the hard ships of the life will have shaken out all properties out of most people. Including PMs as some of the first.
I’m beginning to realize maybe investing in silver coins is not a great idea. If it shoots up dealers get flooded and won’t buy near the peak
Sure, then the price will come down a bit to find a market and fair value.
Tim Be surprised Silver closed at 32.00 down 2 cents at 721 Pm est 5/20/2024.
Fantastic video today guys. You and Tim are a hoot to watch. Very entertaining and also lots of great information to help us make everyday decisions. God bless you both.
So today 04/12/24 Silver spot price is already $29.75! I would guess it will be over $30 by the end of the day.
Another great episodes guys. Thanks!
It's September 1, 2024 --- If silver manages to hit $100 per ounce that means gold will be at $10,000 per ounce.
That's pretty easy gold is already at 2.8k 3x or 4x and it's at 10k I would say by 2030 2029 somthing like th
these banks are folding because the powers that be want this consolidation. This allows greater control for them (from a digital sense) and then allows rapid CDBC involvement.
Expect a resurgence of the DEI/ESG/Sustainability nonsense to push further pain and control.
Yeah- notice how all the nonesense is poured out from the top/down, instead of a normal/natural desire to reform from the bottom/up. Pure evil…
Wait a minute . . . Is Tim saying that if gold prices go a lot higher that local coin shops will shut down? That’s very unnerving
Yea, no kidding.
Yankeeeeee!!! Silver is at $32+ Ounce At this Time!!! The Bull Run on Silver is Increasing by the Moment!!! 🥈🥈🥈
that's what I keep saying,who is going to buy at $50.00-$100.00 oz for silver?
IMO. We will be returning to asset back currency. Some banks will crash, and other banks will thrive. With the new Quantum Financial Systems, banks that survive will work the way a bank should. You bring in assets to the bank, and you get credited with said assets to your account.
That makes a lot of sense,that would be doable. The way it should be....
In the book of Daniel,the AntiChrist will have Control of the treasuries of Gold and Silver and Precious Stones.
@@johnwilliams40democrats and brics
This was 2 months ago and now gold and silver is higher. I always thought that dealers would not be able to buy unlimited quantities when a sell run happens and if they would buy the price paid would be a lot lower, they have to make money also but if the dealers buyers won't buy anymore than everyone is setting on metals with no buyers. Good luck metal holders, you would still have to convert your metals to a form of currency to operate in the market place. I wouldn't want to be holding metals in a Mad Max atmosphere!
I got into Meteorites to diversify! By accident but im hooked now! I still love gold & silver but man, there is something about holding something fresh from outer space is absolutely amazing! I have 2 of them!
Where are you sourcing your meteorites from? Fellow prospector here, so I am a fan of your style of diversification 😅
@@UndergroundLookingUp I stumbled upon 2 meteorites by total mistake! I have a couple of videos on my channel. The 1st meteorite i found i traded to the jewelry store for 80 oz of 999 silver bars! The 2nd meteorite I found i still have. I find them lakes rivers or wide open flat spaces. This seem to be where the meteorites hang out. I recently found another Stoney meteorite but I didn't make a video for that one. Maybe I'll make a video of the new Meteorite I found! I have 2 in my collection now! So far I have a iron meteorite & Stoney meteorite. I really want to find a pallasite meteorite!
Use your maps. It takes along time but it works! Look for odd circle patterns. They will be very hard to see but if you use this method you will definitely find one!
With all do respect it I don't even believe it anymore. I have bought and bought and bought and damn it absoluelty refuses to even hold over $25 which is pathetic. Meanwhile Bitcoin is moving tech stocks are moving. I love to see my account make that big gains but gold and silver are stagnant. I have about given up hope I dont even look at the price anymore and when it does go up I already know within days its right back down so really no point in wasting money buying it
I bought 5k in silver and 5k in bitcoin last year. I’m in the red with silver and doubled my money in Bitcoin. Im going to hold both for another year at least but sure would like to know when silver’s going up? A lot of spin or manipulation for sure
Silver is going up when your grandkids have children. Stack accordingly.
Bit coin went up but the currency lost 30% of its buying power sooo .. your digits on the screen say double but the value isn't.
@@olddirtybastardgarage True but silver hasn't gone up in over a decade. It is by far the worst thing to buy because of manipulation. The value of the dollar is down approximately 300 percent since 2012 and silver has only gone down. Silver should already be 100 dollars if all it did was keep up with inflation.
@dustin9551 nope sure hasn't but it will. The whole system is going to collapse.
@@olddirtybastardgarageWhen the rigging ends silver will be in the hundreds but I don't think the rigging will end until they have some CBDC in place. You should stack knowing that you have real money outside the system. It should be used for bartering goods and services. The merchants will get on board with the new slave system that will replace the current slave system. People need a community or live somewhere that sees silver as real money and uses it as such.. Hoarding it hoping to make a profit when you sell is futile. There are far better investments such as land and Bitcoin.
I dont understand his argument. Why would he shut his doors when silver went up? Why does the price matter when you are dealing?
He would have to have tremendous amounts of fiat currency to buy metals at a record price
U.S. Debt clock has the value of silver per a dollar measure of unit considerably higher than anything postulated here.
That's not a real reliable source.
The COMEX only trades in 5,000 ounce bars to supply industry for use in huge and growing PV demand, EV, electronics, military, water purification, medical, soldering and so forth... and mined silver has been less than demand over a number of years so is there really ALL this stock of 'old' silver in vaults to meet future demand from past supply? Is supply becoming more dependent upon refiners melting coins and bars? but these are relatively small in the overall supply of physical silver, and so the question is.. Is silver becoming really scarce ?
Crushed the like button! EXCELLENT video and thank you so much for sharing!
Liquidity is drying up. People are selling to pay bills or raise cash after holding for years. Buyers paid a premium and some are selling and I don't blame them, but if we head to 2400-2500 this year sellers will be kicking themselves, then Tim will be happy. I'll sell back to SD Bullion, but I fear of shipping my GC by mail. What is the safest way to mail it? USPS... idk.
Certified mail!
Thanks for sharing Tim a Professional with class
Video is 2 months old. So two months ago Feb. 8th silver was $22.64 and today April. 8th it's $27.95 I wonder if he would've bought all that gold & silver from that guy if it was today's date? I do believe the guy that walked in selling that was set up prior to the video and was fake. JS
Hi, spoke to Tim today, sent him a check this afternoon, hope to meet Tim next week or so, 'n bring some metals home with me,... Love yer channel Yankee,....
Thanks, Bondo! maybe I’ll see you at Tim’s next week.
I've seen Silver climb up high multiple times in my lifetime. The government devalued silver both times. And gold came down with it.
I stacked silver until I retired. I still buy some when I get the chance. My silver is for the future, 10 years down the road.
Same here. I still buy but not near as much. I’m selling at 35 no matter what. If it makes it
If the talk of banks getting hit by a cyberattack, down the road could be a couple of months from now
So in other words if it get up there coin shops not gonna buy it.