Are Silver and Gold REALLY an Inflation Hedge??
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- Опубліковано 20 кві 2024
- Was I wrong about gold and silver? We’re all excited to see gold and silver finally making upside moves. Gold breaking and even holding all-time highs! But since I started stacking gold in 2009 and silver in 2018, I think I may have been a little WRONG about precious metals. I’ve been saying for years not “invest” in physical precious metals as a way to build your wealth. I view gold and silver primarily as “wealth insurance.” A way to preserve your purchasing power over the long term with what amounts to “real money”. So where have I been WRONG about precious metals--gold and silver? Well, the problem is that recently inflation has vastly outpaced the spot price of gold and especially silver!
In this video I give a very personal example on how many 1-ounce gold coins would be needed to buy a brand-new Model T in 1924, a Plymouth Fury in the late 70s, and a new car in 2024. The bottom line is that while I still think gold and silver are good long term inflation hedges, we’re behind. and so maybe precious metals are not just a way to protect your wealth, but a way to make some wealth as this “inflation gap” finally closes. I also share a way to potentially make money over the short term with an interesting mining company. The mining sector has been in a protracted bear market. But in my opinion, that’s OVER! WHAT WE HAVE NOW IS A SECULAR BULL MARKET in gold and silver! So, keep stacking physical gold and silver to protect your wealth and check out Great Pacific Gold Corp as a way to potentially really build your wealth with a relatively small speculative investment.
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#Silver #Gold #InflationGap
My observation is that PMs typically lag in a high inflation environment. They catch up over time, but slowly.
I agree with your observation!
In 1969 in High School I had a Conservative Teacher and he was Retiring. On The Last of School one of Last Words was that everyone should Collect Gold, Silver, and Expensive Art Work. He also said we should have some type of protection in our home. I have been doing this all of my life. It has made me a lot of money. So Collect as much as you can.
Perfect....!!!
My 6th grade teacher Mr. Young was the same. Lucky we had him.
@@bigdaddyhoffman1911 If someone has only just one memorable wisdom dropping guide in their lifetime, then they are very fortunate.
Probably the best thing you ever learned in school.
@@gregshock The algebra made sense 15 years later when I ran a tamper on a surface and lining gang on the Railroad. Moreso when I was a welder. Destressing ribbon rail. Another thing Mr. Young was a pain about was making us look up stuff in the dictionary for ourselves. Your right he was a treasure and we were to young to know it.
Im a 62 year old, at this point of time I’m 75% in metals in your hand wealth transportable any where in the world. Im out of equities, I’m out of banks, I have 20% in bunker style property, couple of vechiles a motorcycle, a RV ( I call my tiny home on wheels) some cash, some useful tools 😉 some long storage food and a number of go to locations with like minds. 👍🙏 most of all is my Faith I live in Faith not fear, but being ready is just plane common sense. 👍
jp morgan said gold is money everything else is debt
Credit*
The credit creates debt because paper backed by nothing can't exist without demand for more
Great quote!
@@YankeeStacking Another great quote comes to us from Mark Twain: "A gold mine is a hole in the ground with a liar at the top of it." OK, so Twain probably invested
in a mine with the main product being the selling of shares and LOTS of promises. Personally, I'd never invest in mining because I don't know enough about that industry
to make good investments and it's too speculative for someone my age. Yeah, gimmee the physical gold and we'll call it good. 😀
Gold and silver can never go wrong. Either goes to the moon, my kids,, saves my dollars, or backs up my other precious metal; lead. There is no downside.
@@edb3877 👍👍👍👍👍
I am stacking gold and silver first to "hedge inflation," and secondly to protect yourself against a government gone economically insane. I am too old to worry about real estate, the miners or crypto. My metals value now surpasses my monthly SS check and my monthly annuity amount for a couple decades should I have to begin cash out. NOTHING is going to change what we are instore for, so I just go about stacking, my metals and get on with life. I sleep like a rock.
I just did a video on why people choose to buy gold and silver . Hedging is popular I treat it like a savings acvount
We have some common ground,
Senior citizen, own my own home,fixed income, My stack allows me to sleep at night ,soundly…
It's wealth preserved, nothing more, nothing less
Wealth preserved. Absolutely! As someone who went through fiat collapse more than once I can tell you inflation is a fiat problem and gold does not play that game.
Agreed but at certain times in history, it will go up faster than the CPI and you will gain purchasing power. After this decline or pullback, it is going to be moving rapidly in the upward direction. False move down then reversal and to the moon.
"Gold is money everything else is credit", J.P. Morgan
When I was born in 1966 silver was 1.20/oz. Now it's 28.50. I know it's says a lot about the devaluing dollar but silver is still worth it .
It's my savings if I have cash on me I will probably spend it lol
Same.
Exactly my thoughts.
And Precious metals are more fulfilling to fondle !
Exactly 👍
I DEFINITELY spend cash in the bank...but going to the hassle of 'cashing' in a nice shiny thing, is a little bit different. In any case, getting perhaps 80% back on something is better than NOT having 100% of anything! Lol!
How isn't gold an investment?
5 years ago it was half value. You doubled the value and can sell with ease.
It is not a trade but it an investment.
It grows in value and is liquid.
For me it is an asset and an investment.
You may treat it like an "investment", but I certainly don't! Like I always say, it's WEALTH INSURANCE in the form of REAL MONEY. A physical asset that preserves your purchasing power over the long term, but who's dollar value is largely swallowed up by inflation.
I "invest" to build my wealth (adjusted for inflation) elsewhere!!
I understand.
For me an investment or an asset:
- retains and/or increases in value;
- gives a periodic € or $ value without selling the asset.
Puts value in pocket.
Up almost 1000% since 1998
I think people are slowly starting to realise gold might actually be a very good investment and not just insurance or a hedge against inflation that has been said for decades
@@soul2soul4 Good compared to what? I’d still rather have real estate for wealth building.
We've never lived through a currency reset. Tough to tell...
This may be true of the United States -- but hyperinflation has occured in many countries around the world within our lifetimes, even within recent memory. Zimbabwe and Argentina come to mind.
@kcarter016 but we are world reserve
@pauls8751 so? That doesn't mean that we could not experience a period of hyperinflation. We also have a $34 trilion debt, growing by another $1 trilion every 90 to 100 days, and an annual interest payment of $1.6 trillion and growing. What is your point?
@pauls8751 i'm not arguing anything. I'm suggesting that your response was rather vague, you seemed to have no point at all.
My grandpa taught me gold and silver are insurance
I’ve never wavered from the lessons he taught me.
God bless Yankee 🙏🏼🕊️
I'm 72,never had a new car. Too many good used ones out there. Just couple days ago I put in to CarFax cars 1990 to 2002 under $15k and under 50k miles,no accidents, within a 1000 miles of my home in Arkansas. Startling how many great cars came up, Honda Accord coupe,Camaro,Acura CL,etc.,, all for great prices and extreme low miles. My daily is a 07' 328i I bought for $7200 in Florida 4 years ago with 55k on od. Traveling a couple,few hundred miles is nothing compared to value on an item you can keep,use, and be proud of for years. A 90% quarter is now over 5bucks, gas in 1970 was 17-19cents,now $3.25. I'd say that silver quarter has done well as hedge against inflation.😎
Bought a 90k mile 2002 4 cyl voyager van no rust 1500 $ 3 yrs ago now has 135 k 40 mpg hwy maybe 300$ repair done by me it is possible 🎉 also bought a 2001 accord 2500$
@@dondesnoo1771 Absotudidly. Yeah, one I just saw on CarFax was a very low mileage Caravan for great price. Deals are out there. No rust is a must. I lived in Detroit until recently and traveled south numerous times in my life to by rust free vehicles. I currently own a raised roof conversion 03' Astro I bought in Tuscon 10 years ago.
We are living in troubled times thus I rather have a safety net than the alternative
Central banks keep manipulating real price of gold and silver but what else can you do ... keep stacking up
House and car prices are in a bubble -over priced due to market distortions. They both will come back down, and are coming back down. When people cannot afford the prices, the prices are unsustainable.
No they will not come down everything else will go higher as is happening now. Historically sales can crash but prices rise. The materials to build a home have gone up.
@@Fazak38 - Wrong - median home prices down 8.5 pct in western USA. Sales are worst inn30 years. Just the beginning. Bubbles always pop.
@exmarine268 pre existing home prices can crash. But new build home prices won't go down by huge amounts the total costs of everything involved in constructing had gone up exponentially. 8 or 10% drop in price is not that much of a drop and won't change the monthly payment by much.
@@Fazak38 - Based on what history? None. Bubbles ALWAYS pop. Period. That’s the problem with dreamers - they never learn from history.
@exmarine268 2007 2008 big price drops. Then as soon as Trump got in everything sky rocketed higher. If homes go down 40 to 50% they will be at prices 8 years ago. In the 90's prices stagnated then jumped much much higher. History and historical prices do matter your argument is inflation is over. It's just getting started the dollar is done. The only way out is print print print more dollars. And more easy money.
50 grand fir a new car plus high insurance costs- no thanks
Little stacks will be just great in a 12,000 to 15,000 used high mileage vehicle 👍keeps them in your city and closer to home
@@brianstone4302 I can get a brand new Tesla for $2000 cash. This guy from Venezuela who just came to this country offered to sell me the car he was driving as he no longer needs it.
Yankeee!!! I started stacking Two Years as source of good savings account instead of spending my money on foolish stuff. I trade Paper Money for Precious Metals & just put it away for the Long haul. Instead of banks making Interest on my hard working money, I am in Control of my own Savings Account & if need just little extra cash I’ll take out couple Silver Eagles & Cash In & use the money on something else. & Later on I’ll replace the Silver with something else rounds or bars.
The inflation hasnt even really started yet. Also metals are high as hell right now.
Great visual aid and info with the gold coins.
Bought gold at 1800, now it’s 2300+ that 500 per ounce up, for now 😊
Last Feb 2024 when Silver dipped to $22 was my last purchase. I always buy used Lower mileage vehicles. Never new.
I've always told people that they should buy used but not abused cars with 30-40k miles on them and usually about 3 years old. The prices on trucks these days are totally
outrageous! When I needed a truck, I bought a 2006 F-150 last year with the small V8 engine and 4-spd. automatic trans. Also has 4WD, which can be pretty handy in my
location. Paint and body look good but does have a couple of small dings on the tailgate. Interior is excellent. Runs and drives like new. Paid $16k for it including tax and
license. A similar new truck is WAY more than what I paid. I was once told by a VERY smart fellow that it is foolish to borrow money to buy a depreciating asset. I agree
with that and have avoided doing that all my life. That's why I was able to retire in 2004 at age 55 with zero debt while most of the people I knew worked until they were
65 or older... or they passed on while still working. Life's too short for that kind of nonsense, so rein in the spending if you want to be FREE!
Here just outside Ottawa, Canada, the dealerships will often put out big discounts to get people to buy.
My dad's 83 and he told me that it reminds him of prior to the rapid inflation of 1980ish when dealerships were giving that same level discounts.
My bank account shows .01% interest rate which gave me a whopping 83 cents in interests.
Maybe I should give Trudeau 50 cents because I'm greedy to keep all that wealth. 😂
What ever you get for little stacks, check insurance cost first. Sometimes just the name of the car combined with age can trigger high premiums. A few years ago I had a Mustang for sale and a grandfather was buying his grand son a car. I agreed to his price but suggested that he check insurance cost first. There was no way that his grand son could afford insurance on that 1989, 4 cylinder car. (The grand father called back and thanked me for the suggestion.)
In 1970 the median household income was about $9,000/yr. Gold was 35.96. So the median income was 257.278ozt of gold.
2023's median income was about $75,000, gold averaged around $1,900. So the median income of 2023 was 39.473ozt of gold.
2023's median income is 15.34% of what it used to be. Even worse now comparatively with gold at ~2400.
If you could buy a 2023 median house for (302,549/1900) 159.236ozt of gold, and 10 years later you can buy that same house for 125ozt of gold, gold was an investment: it increased your buying power. Whether gold gains nominal price, or assets fall in value against gold (or similar), increased buying power is the core of what an investment is.
However we have a problem. Sure gold and silver have been money for thousands of years..... but we have never had today's technology before. We are in uncharted waters this time.
I stack to keep my buying power. I also think it will be useful to barter with when the economy crashes, cbdcs come, and of course in zombie apocalypse....😅
Loaf of bread still costs a silver dime....
I've lived through 3 (!) currency resets in a former Soviet country. First, when ruble was converted to a temporary currency. Second, when the temporary currency was converted to the national currency. And the final third when the national currency was converted to euro. The first was the one which wiped ordinary people the most! Second was also a highway robbery. Even the third was bad.
Moral of the story, hard assets is what got lots of people through. Some literally stole properties, some acquired them. Don't ever amass currency as your savings!
In 2010, I purchase 1 oz silver for &10.00. Today is over $28 in the Far East around $32.00.
Thanks for the tip, Yankee! :)
I started driving in 1970 and regular gas was 24 cents a gallon across the street from where I worked. There were still a lot of pre 1965 quarters in circulation that could buy that gallon of gas. Now, with that 1964 quarter at around 20 times face value, you can still get that gallon of gas. That's long term.
Don’t invest any money you can’t afford to lose. That’s why I like precious metals. I don’t ever see them being worthless.
Thanks for the info Yankee
Great point.
And that's why converting fiat currency into physical precious metals ISN'T "INVESTING"!
Good point 👍
Great video. Thanks for sharing👍
Great, honest video. How refreshing.
How would you buy shares in one of those mine?
You could get a brand new car today with 10 ounces of gold. $24,000 that would be a base model sedan. A commute car.
When it comes to cars you have to keep in mind all the ridiculous regulations that car makers have to deal with now. That being said I do believe gold and silver are far undervalued.
Another great video Yankee. I learn a lot from you.
Yankee, I was just typing "take those gold coins you had on the table and buy that car" and then you compared it....LOL. Excellent video other than the mining part because IF YOU DON'T HOLD IT, YOU DON'T OWN IT but what do I know, I'm old.... We live in interesting times!!! Thanks for the video.👍👍👍👍👍 God Bless
Because you're old, you have priceless experience that no amount of book learning can replicate. 👍
@@edb3877 Thank You Sir..
Yellow Afternoon.
Happy to see you pop on my screen.
Good info
Is great pacific gold only on the Canadian stock market?
Nope! I have it on my Fidelity brokerage watch list right now!
It is crazy to look at those inflation numbers over the last 100 years.
People from New England are rarely wrong.
You mean never. It's insufferable.
If anyone here wants to stack silver and or gold, by all means do it.
As the number one security precaution, DO NOT talk about it especially on social media and even UA-cam itself.Keep that type of endeavor secret. People are loose cannons. You tell them.They'll tell their friends. When others know of your stash, they will come and take it from you. Make every effort to pay for the precious metals in cash that your purchases can't be traced.
Silver used to be ancient times i believe about one week wages, and similar weights in gold was about an year wages
We just purchased a 2024 Subaru Outback loaded $32k....so for the car I purchased only needed 14 - 1 ounce coins at $2300 an ounce. There are many brand new cars that are much less then the 50k price tag. In 1979 my dad purchased an Oldsmobile ninety-eight loaded for $6300 with taxes. It was considered a luxury Sedan. Gold has kept up with inflation. You just have to a taste for beer rather then top shelf liquor...
But your pos Subaru will last 4 years before puking. Then you will spend $48k for a 2028
@@toynoob2051somebody's a jerk.
@@toynoob2051that’s not nice
Go MOPAR next time
@@toynoob2051 For nny we have over 250k miles on our 2017 Subaru and our 2019 has 145k no problems. Subaru has the highest rating for safety and lowest cost of insurance.
My dad was reminding my bro and I tonite how he bought a brand new Chevy nova two door with a 350 in 1973 for like $2700. I may or may not have been a baby to ride in that sweet car then 😁.
But more important, looking forward to the next "praying with Yankee". I think many of us need that. I know it's a tough show to do with you and Mrs. Yankee, so only when your ready brother 🙏
I have a work van for my company. I don’t have a personal vehicle anymore. I have cars I can use for groceries etc, and friends if I wanna go somewhere. Worst case I guess Uber is an option😂 No insurance, gas, payments, repairs/ maintenance costs 😎
Wow. 17% . I thought it would be a number much higher than that. My number is around 90% in PM.
My first brand new car was $23,000 in 2002.
Classic cars are always a good investment. I got a 69 camaro ss/rs, 68 nova and a 57 bel air
Exactly… gold and silver prices do not match what the paper cash is worth today.
My brand NEW 1970 Mustang Mach 1 stickered at $3949.20, and I paid $3500 in 1971.
Your so right 👍
The Ford model t was an economy car. The rest of the cars of that era were out of reach for the average person. The fury was a baseline family car and there were many more expensive cars. Today’s average price isn’t truly comparable to cars of yesteryear. The car market today is loaded with high end products. There’s a good selection of 15-30k cars in todays market. So if you take that into account. It isn’t as bad as it seems.
Just my .02. You might want to look into a buy-back car for your son. These are cars that a dealer buys back from a car rental agency after one year of use. The last one I bought had 16,000 miles on it was one year old and was almost half price from the new one setting in the show room.
I always said: Its way more than a inflation hedge.Technically People who own it should be wealthy but because of the manipulation its not happening but sooner or later the manipulation will break
Wealth Insurance -Yes, Investment sometime if you are buying PM equities in a bull market following a 10+ year depression in mining equities.
I’m retired with pension and Social Security by income that pay for my ongoing living expenses. My investment portfolio is in mostly silver mining equities - producers, with a speculative stab in gold exploration NFLD. My bank savings account is in gold bullion via my Glint account.
As the gold and silver equity prices rise, I’ll be cashing out silver equities and buying more gold bullion stored in secure public vaulting services.
Wow. I wonder which is the outlier. You shouod do housing prices and food prices or something too.
Hello from the Motor City, I think you must have a balanced plan to protect your finances!! I am into hard assets only no stocks or bonds!!
I'm a cost per average guy. With spot at 28-29 I've suspended my buying until the next pullback. If it doesn't pull back in a few more weeks I may reconsider my buy price, but I remember in 21 the price hitting 28 spot for a while.
I'm trying to accumulate gold and silver as a way to protect and possibly even take advantage of the economic downturn.. unfortunately, I started late, and I'm on a budget.
Hi from across the pond. My view is we need to also take into account the debt issue the US,UK,Eurozone,Japanese Yen etc. All the fiat currencies are in major trouble and will de-value so I believe the value of the precious metals will increase hugely over the next few years.
If you can wait a year cars will be down 40-50%
A little profit on the stack must be look at as a perk.
God bless from DK
Looked...
15 that's the exact analogy I use to tell people about gold and inflation.i don't know the time frame but gold and silver have to be undervalued.
I bought $1250 worth of Silver Wheaton in 2007, and, although I didn't still have the stock at the time unfortunately, at one point it was worth 50k! 40X!! Big potential in the right mining stock at the right time, y'all.
Yankee's analysis shows a huge BUY signal... HOLD GOLD HOLD SILVER BUY MORE while it is available... I am 79 years and ticking...
Please don't get me wrong sir, but you should really try to enjoy your time left. Your minutes of health spent with friends and family while traveling or enjoying life are much more valuable than what you are holding, as you will take nothing with you when you hit the bucket. I'm half your age (38-39) and I'm trying to balance between enjoying life and investing for future generations.
@@VK-sc6mf Sir, You do NOT know me and what I do from my comment to you. I have a lot of life left in me... Sincerely, Professor Frank Douglas Rose
Nice Video
5 oz of gold and over 350 oz silver since ive started stacking these past 3 years. Think i did ok to try and hedge. If it goes up so be it. Least i got what i can.
Here is what I concluded on Gold and silver. There is always a bottom on gold. So when the price is going down one should be buying when it's all over the tv and all your friends want to buy it's time to take profits. It's much more risky to buy stocks as they go down because they can go to zero. It's a big difference.
Yes, stocks can go to zero but that's a fairly rare event these days thanks to the tremendous amount of financial info that is available.
If one is concerned about this, one can always invest in ETFs and mutual funds. My stack insures my wealth going forward, so in a
market crash, I have cash as well as PMs that can be sold if needed. So far, I haven't had to sell any PMs and I've been stacking
since early in 2010.
You’re 100 percent right. PM’s have never been a great investment. Real estate pays off quicker. It’s just a question of this: When the dollar fails, what kind of buying power alternatives do I have? Can I continue to conduct business for everyday goods?
In 1963 I bought a new VW bug for $1650
2:47 Regarding new cars, Nissan still offers the affordable Versa S in 2024 and you can still get it in a manual transmission (last year they will offer this car trim with a 5MT) if you are worried about the reliability of their cvts. MSRP 16,390, I know it is not for everyone but for someone looking for a new car with decent specs and pricing it may be one of the last affordable new cars out there for folks on a budget.
Until the debt reliant economy goes bust we have to wait
Get your boy a Tacoma or 4Runner. Those things last forever. I love Toyota.
Volvo 240
Nissan frontier. Toyota sucks
Agree on Toyotas. I bought a 2012 RAV4 with the 3.5L V6 engine and 5-spd. auto trans. Man, this car will scoot with 269 horses under its hood.
Also gets 23-24 mpg in 50-50 city and country driving but has gotten a bit over 30 mpg on a long trip with it mostly in 5th gear. Paid all of $18k
for that car in 2016 and it had 28k miles on it then. Now has about 54k and still runs like new. Yep, it's gonna outlast me, so no need to buy any
more cars in this life.
Respectfully, gold and silver are NOT reaching new highs. Our currency is making new lows. I expect it to continue that way. Manipulation only works for so long.
Thanks! I've said that a lot in my videos. Good reminder.
Yes everyone is aware of that but the videos are about the gold in the silver and the prices and where they're at not about what inflation has done to our dollar
@@valeriab9735 They are one and the same.
Your example of cars means that new cars are way overpriced in terms of gold
As Andy Shectman says......you don't buy gold and silver to get wealthy. Gold and silver ARE wealth.
no one in their right mind with any financial sense buys a car brand new ever, this year or any other year.
And neither do I.
If we had honest markets in which spoofing was actively monitored and prosecuted, we could talk about the metals and inflation. Until we leave Bizaro World, these numbers mean nothing.
And 76 I can't invest in speculative stuff because I'm a very small amount of savings. I also don't have a long time for something to come along. I see so many crazy rules on property that are put in limitations and so many different ways. I would not want to have to rent out properties. Don't have enough money to do that anyway. So I do silver mainly and a little bit of gold because I truly believe that we are going to have a horrendous financial crash in this country that will make the Great depression look like a picnic. So my bullion is strictly for barter. I got it after I got the other things like food medical supplies and emergency preparedness.
I agree with you! If I was your age I’d skip the speculation as well!
amen...
@@YankeeStacking
Trading my fiat currency for precious metals has certainly helped me with my savings at the very least.
If a new car in 1924 cost $260, it would have taken THIRTEEN gold coins (@$20) to buy it... not merely 10. Your math is off!
Get little stacks a used Corolla or Civic. You can pick up one of these cars with less than 100K miles on it for less than $10K and both of those cars will last at least another 150K miles. I have a 2015 Honda Accord. I bought it used for $14K with low miles. It is fully paid-off today and should last another 10 years or so. My wife has a Civic that's paid off as well. Not having car payments is a blessing. As far as my precious metals go, I am only breaking even after 4 years of stacking. In addition to two pensions, social security (if it's not defunct by the time I need it), and a modest 401K, I recently opened an investment account and I have started to invest in stocks and ETFs. I think the old adage of being "diversified" in your investments still holds true.
When gas went up a couple of years ago my truck was to expensive for commuting to and from work. So I bought a 1999 toyota tercel for 500 bucks. It had a 240,000 miles. I still drive it daily to work. It now has 268,000 and runs great. Just change the oil and filters regularly, and it runs for ever on a tank of gas.
You can never be wrong stacking gold or silver
You can IF you don't also stack some cash. Never put yourself at the mercy of the market by not having the cash to handle the usual emergencies and needing to sell assets
in a down market. I avoid such problems and also do the same with my stock positions. It's amazing at how much better investing goes if one has immediate cash available
for scooping up good assets when others are bailing out... usually at or near a market bottom.
💯 correct sir 😊👍
So we are in inflation.. you had to have HAD it before inflation. Insurance doesn’t work after the fact.
Well I have never had to consciensely bought PM's for as you say, Insurance. PM's although are my way of passing things along to those in my will to have some play money. They are left with cleaning up what I will leave behind. Nothing serious but a home and all my belongings are costly to opperate every month. The stack will get them through that and they will have some play money when I pass by them. (never truly dead till forgoten eh.) Sure as I never got into gold would only reduce the height of the stack but Silver now I am already paying for goods and services around town. Likely pisses of the feds but it is kind of neat. With Bullion up here being Tax free. They should do just fine. Thanks Yankee. Have a beauty day and go play with yer stack bud.
Correction the model T would've cost you 13 gold coins not 10 but the point still came across. I came across 31 silver quarters and 4 war nickels in those blue books at a garage sale for only $20 recently.
If you bought some bulk silver in 1993 when was under $4 an OZ your doing real good today if you bought alot of silver in 1980 you would still be out a 3rd of your initial price paid today and then if factor in inflation your buying power today is like 20% what it was then
The average new car in Canada cost $30,000
Not "Made", Re-Evaluated
That is the same calculation I ran, and I was fairly convinced.
1968 my first new car cost $2200.00 Olds Cutlass with air, V8, 2door.
i had a 71 cutlass and the rocket 350 engine was the best engine ever.
There are currently over two dozen new cars that one can buy under $25,000.00. Which would be ten ounces of gold.
Definitely wealth insurance.... any growth boom is just reward for not touching it for years
About 12 years ago the Canadian dollar and the USD were on par, give or take. I picked up some gold maples at $1300-1400CDN over a period of time. Since then the CDN dollar has crapped the bed. A gold maple is now over $3300CDN. Precious metals are also insurance against destructive political brain dead policies... My two cents worth....Thanks for the vids Yankee.
Now might be the time to sell some remember last time silver was around $30 It did go back under $20. The summer is coming what do people like more then gold and silver. Partying women and brothels smoke shops bars, If you sell some and it goes down you can buy back in and say I got this amount for free. My new method of stacking is buy not to much at high price, buy only a little when it's high. It goes low buy. People like life more then metal will it drop in the summer. How much did you loose when you bought $30 last time I paid a extra $500 at least. It's bad having a silver channel say the actual price of silver is $30 a oz the silver addicts will gladly pay $50 now 😢
I have the receipt from my mothers new chevy caprice 1966 was 3,000 from a dealer with their up sell. Keep in mind v8 engine.