I like this old MEME that was going around. It’s a picture of a ‘64 Washington and it says “ in 1964 the minimum wage was 5 silver quarters, In 2015 , 5 silver quarters melt for $15.15. We don’t need to raise the minimum wage, we need to fix the money.”
It's amazing to think that you could put away some silver bullion somewhere, you could hide it in a box, forget about it, wars could come and go, fiat currencies could emerge and eventually collapse into oblivion, market booms and crashes could come and go, but 100 or 200 years later, that boxes of coins could be uncovered by someone down your lineage and they will have have maintained their purchasing power and are still completely tradeable and valuable for the same real world value they held when you first acquired them.
@@lonewolflifestyle I would love to metal detect in Europe. There’s still a chance to find some crazy hoards. Dream would be finding some Bloody Mary gold.
I'd love to go back to spot that low... But a year later still kept up with inflation. Spot at $23 today. Quarter still got it's purchasing power with a little more
I was a postal clerk and I used to get silver coins occasionally from customers. I knew they were valuable, but I would always give them to my boss. He collected them. I usually got the days off I wanted. The only thing I ever regretted not keeping was a counterfeit $50 I got once. I had to give it to the police unfortunately.
Great video man, keep up the good work! Just bought 23 more silver eagles on Saturday, my brother got 10 face value of junk silver. Hoping to have my first monster box filled in the next two months and at that point I will get more junk silver. I love pulling my silver out and showing my two daughters ages 2 and 6 and teaching them about REAL money. It feels good knowing it will all go to them one day. Much love everyone and keep stacking.
“You can still buy a gallon of gas with a silver quarter”. Thank you for posting this knowledge. It is time to protect ourselves from inflation of fiat currency
Bob Silver silver is slowly creeping up. I’m stacking as much as my money allows me to. But don’t go broke or in debt for it, lol. You still need to pay your bills and try not to use your credit card lol. I have at times used CC where I wanted to get a coin before they got sold out.
It was said that vampires could not see themselves in mirrors. Sure, they're dead, no soul (except Angel and Spike), etc. But really... mirrors used to be backed by _silver_ and that worked it's cleansing magic against evil vampires. However, these days, mirrors are backed by, what, aluminum maybe? They can no longer be trusted to reveal a vampire in your midst!
I am actually purchasing a 38' sailboat today for 1250 ounces of silver and the boat is worth a WHOLE LOT MORE than $1,250 dollars! Proof of the purchasing power of the white metal.
@@phinyoder Lol!! I think that's the point. The face value of a silver dollar is a dollar. Of course the face value is completely separate from the intrinsic value of the silver. It's a beautiful thing😁.
good trade! i'll never sell my silver for fiat, but will use it to purchase land. i value my silver at 1 acre / 1 oz. once i find that deal i'll take it, otherwise, i'll keep my silver.
@@all-intim882 you're a nut, that is the gold to land ratio, so it should be 16 to one according to the constitution, that would make it 16oz to an acre unless you are wanting uninhabitable swampland or desert. Lol
I agree with you. And I myself like silver very much. But...... We still cannot go and use constitutional silver to pay for items at melt value. Unless you actually know someone that owns or runs a place of business. You would need to sell it first.
HI Santiago Aguilar . I too like the silver coin. You have to think if our Dollar crashes . We maybe useing silver coin again . The premium for junk silver ( USA ) coin has gone way up .
Love the Billy Madison clip🤣🤣🤣🤣🤣😂🤣😂🤣😂🤣😂🤣😂🤣 its funny because i just had this discussion with my bro on friday morning!!!!!!! My argument was to take a gallon of gaz and to look at the melt value of a 90% quarter also. He was telling me how you cant use it to pay anything but last time i was in florida a gaz station had a sign at the cash saying that you could use 90% silver to pay instead of paying with regular cash!!!!! Thank you for the video i will forward it to him
My grandmother bought sacks of junk silver in the 80’s at $ 4 dollars an ounce. God bless her she was the original silver bug. Must have been over $2000 face value. These sacks were huge and made up solely of dimes and quarters. Sad thing is no one knows where they went! Note to self tell trusted family or friends where your silver is when you hit 88 years.
I've used 1964 silver as a measure for all kinds of true value. It can tell me how my income stacks up to what my father made during his working life because he was paid in silver. (He made about a silver dollar per hour and raised a family on it.) My retirement income including ssi is just little bit more than a silver dollar (ASE) per 40 hour week today. Plus all my time is "my time". I'm in the check out generation but still going strong, in good health and with all my teeth. Play around with it. It might just surprise you.
Regarding 5:05, in 1964 the price of silver had increased to $1.29 per troy oz. If the price of silver was to continue to rise to $1.38 per troy oz., then the bullion value of silver coins would equal their face values. The U.S. Mint realized that their seigniorage would no longer be lucrative if they continued to produce 90% silver coins. That is why in 1965 the U.S. Mint eliminated 90% silver from their quarter dollars and dimes and switched their composition to the new cheaper cupronickel clad sandwich around a copper core. This peculiar composition was selected because such coins could still be accepted into vending machines and parking meters. Therefore in 1965, there was the situation in which 90% silver coins co-circulated with the new cupronickel clad coins and both types had the same face values. That meant according to Gresham’s Law savvy people soon realized the profitability for hoarding as many 90% silver coins as they can lay their hands on and to spend instead the new cheap cupronickel clad coins at the same face values. At that time, banks still had large inventories of rolls of 90% silver coins which hoarders could buy merely at their face value although their silver bullion value had exceeded their face value. That meant, for example, you could spend a cupronickel clad 25¢ coin to buy a 90% silver quarter dollar and repeat these equal face value exchanges until the bank or store ran out of silver coins. Then move on to the next bank or store and do the same. Ultimately 90% silver coins disappeared from circulation and were hoarded into collections such as junk silver bags. Furthermore the last opportunity to redeem silver certificate dollars for physical silver from the U.S. government was on June 24, 1968 at which time the price of silver had almost doubled to $2.48 per troy oz. To obtain silver bullion in exchange for your silver certificates, a holder of silver certificates must present them in person at the Federal Reserve Bank of New York or at the Federal Reserve Bank of San Francisco or at the United States Assay Office in New York or at the United States Assay Office in San Francisco. As another example of seignorage profit made by the U.S. Treasury Bureau of Engraving & Printing, it costs 15.4¢ to produce each $100 Federal Reserve Note. That means its seignorage is $100 - $0.154 = $99.846 which is a huge profit for printing the fiat currency. There are not many things that someone can manufacture for only 15.4¢ each and sell it to willing buyers who pay $100 each. On the opposite end of seignorage, it currently costs the U.S. Mint 2.06¢ to make each one cent coin and 7.53¢ to make each nickel 5¢ coin, because the costs of copper, nickel & zinc have risen a lot over the years. In the past, one cent coins used to be made from 95% copper + 5% tin & zinc. That lasted until October 22, 1982 when their composition was debased to copper plated zinc. Its copper veneer over a zinc core is merely to mimic the appearance of what was once known as a red cent.
I dream about silver being accepted as money again. I think people would have to be not only educated, they would have to be convinced that silver is money. Most humans are sleeping or are outright zombies.
For people that know of history, they know silver and gold is real money. Trouble is, most people don't know history, they rather be ignorant. A friend of mine frequents yard sales and stumbled upon one 4 summers ago. He looked at a jewelry box and saw a gold coin attached to a gold chain in the box. He picked it up and knew it was real gold, he went to the lady and asked how much she wanted for it. She said, $3. My friend tried to contain his excitement, and told her very cooly, alright. That gold coin was a British sovereign from the 1880s and together with the gold chain, was worth about $2,000. So, there are tons of ignorant people out there.
what is the best way to get rid of old silver forks and spoons. My mom and dad left me about 50 lbs of assorted pieces they had been grabbing thru the years. All of its real silver, not plate.
Look for it to be made of "Sterling Silver" which by definition is 92.5% purity. So might see an "SS" or "925" designation to signify this. However, sometimes this purity might not extend to the entire utensil. Maybe only the handle might be this purity and the utensil part might only be "silver plated" which is pretty worthless in comparison to the Sterling Silver part. Also if the "silver" is tarnished, I think that is a sign that it is the "good stuff."
That you I'm Just starting stacking just so I won't spend so fast so I put my money in slive know I'm thinking one gram gold bar or 1/10 coins i thankful for your advice
Silver Dragons I dont feel gas stations will recognize junk silver they'll only recognize it as a quarter. They look at it as modern day quarters not stone age quarters. I personally recognize it as 90% silver that doesn't mean others will.
One additional step required. ... You take the silver quarter somewhere where it is recognized for what it is truly worth (i.e. a coin shop), or sell it online for its true value. Then the money from the sale and go buy your gas.
What does hedge against inflation actually mean? I understand the savings part Especially with stock market now. My wife doesn’t understand lol. Thanks Dragons
It means to retain your purchase value despite inflation. For example if in 1964 you could buy a gallon of gas for a quater. In 1974 because of inflation, gas costs 2 quarters BUT a 1964 silver quarter is worth two quarters in 1974 so by saving your 1964 silver quater, you retained your buying power despite inflation (or a hedge).
I don't know if anyone else has commented this, but I have always hated the term "Junk Silver". It's not junk and is actually worth some money. I don't really care what the origin of the term is, I just don't like it; even if it's not what I'm thinking it's meant.
I kind of like the term "junk silver" ... because this terminology may help keep certain people who really don't deserve to own it, away from it (you know who they are) ... to create greater availability (& lower price) to the people who do realize what it is. But it seems like many people are catching on, as the premium on so-called "junk silver" continues to rise significantly.
Hey, You know how much I beleive in silver. It is/has always been right in the mainstream to acquire goods and services. Unless a supplier that travels with a balance beam scale gold would be far to much for everyday acquisitions. Unless you want to be paying a hundred bucks for bread, Don't get me wrong but in a bad time SILVER is our go to. GREAT STUFF FOR SURE !
I'm not sure whether or not the buying power of silver in 1964 is the best reference point. Silver quarters dated 1964 contained the same amount of silver as the quarter dated1890. Determine how much a quarter in 1890 would buy and, theoretically, your junk quarter ought to equate to the same buying power today. Constitutional coinage is undervalued by much more than people realize regardless of whether or not silver bullion goes up and someday that will be recognized. Gold already has realized it's 1890 value.
Man I scored brother in Grants Pass oregon cash connection said sorry Brent were out of gold all I got is a 25 ounce silver bar :) 1 dollar over spot nice apmex bar of course I took it :)
Gas is about $2.75 (US) a gallon in Australia . It’s interesting because using the same math Australia’s old silver money (before 1966) can get the same gallon of gas for it’s silver content. It’s unfortunate sound money is lost to the history books and buried in our safes . It saddens me to think of our economy’s future 6 months from now . What a roller coaster we are all on
You are telling the same silver quarter/gasoline story that I've been telling for years. And in Escondido, California (30 miles north of San Diego) you could buy middle grade gasoline for 25.9¢/gallon. The cheaper grade was 23.9¢/gallon. This was valid in the early to mid 1960s. I know this from personal experience. Escondido was in a permanent Gas War -- a concept not known these days. So that part of your story is valid. These days, of course, California has the most expensive gasoline in the nation. Democrats will do that to you.
Yeah it's cuz we live in a consumer economy, the government needs people, most people to spend all their money. Money in a mattress is no good for them.
The "value" of those Silver coins is not based on their face value as money. It is based (notwithstanding any attached premiums) on the spot price of Silver *as a commodity.* This means that the value of a given unit of Silver, whether an old coin, a round, or a tube of .999 shot, does not have a set transactional denomination. That .90 Silver quarter might be worth 2.50 today, and more or less tomorrow. Worse, its value is affected by ETFs (exchange traded funds) which allow people to trade in the current *price* of Silver, without ever actually owning any physical metal. Oh, there are provisions for taking delivery of the trade in physical metal, but nobody really does that. Instead, those trades are for theoretical quantities of Silver *which do not exist,* except on paper. Thus, the market value of Silver is also affected by a kind of inflation, as the volume of trade is many, MANY times the actual volume of physical Silver on the market, and those playing at "buying Silver" suppress the value of physical metal. THAT is why Silver hasn't broken out as we have been expecting for many years. Silver as "money," that is, Silver coined to be used at a specific set face value, fights inflation. The problem then becomes minting coins at a material cost which doesn't exceed the face value, which creates a whole, new set of issues regarding mine production and the relative values of Copper, Silver, and Gold minted in denominations directly related to one another. Of course, it also spikes the guns of all that fiat currency "printing," whether paper and ink, or digital 1s and 0s. And the powers that be won't surrender the power that gives them. So think of your PMs as commodities, for now, remain aware of the issues of mine production and the gaming of the COMEX by the banksters, and hope we never have to use PMs for barter in an economic collapse. ='[.]'=
And yet, with all the shenanigans going on, it never lasts forever. Eventually fiat goes to zero and gets priced against gold. If you look at the markets right now, I think people are beginning to figure that out, especially the big players.
I find this video very helpful. I do have some silver (90% & .999) but I have a big problem trying to understand why the different design on a .999 silver dollar or a different year on a .999 American eagle causes the prices to increase so much. I just do not understand why .999 1 oz silver is all over the place depending what the design is. To me, if the spot price is at $15.00 an oz. then i oz. should be $15.00 plus dealers cost. Could someone help me to make sence with this.
14 dollars a 1 oz big deal then they charge allot i like watching people waste there money that girl is right gold u loose less silver is the biggest ripp off of all times going with copper
Ray s you think they overcharge for silver so you’re going with copper? Have you done the math? A 1 oz copper round is going for around $2.90 on average and since copper is weighed in AVDP oz’s you can multiply that by 16 for a per pound price of $46.40. Right now as I’m writing this, a POUND of copper is worth $2.22. That equates to a premium of 1600%..... Are you starting to see the flaw in your logic?
@@trp2413 ...so you would shoot a farmer who didn't want to trade a chicken for your dime? You'd get one meal out of it, if you also did the slaughtering and prep of the chicken you stole. That doesn't seem like a wise deal at all. Instead, offer to use your weapon to protect the farmer and maybe help on the farm, too. Community is better than terrorism, in my way of thinking.
@@trp2413 -- there are just enough folks bragging about having "lead" and guns and all that stocked up, that I begin worrying about the abundance of bodies of midwives, plumbers, electricians, children, herbalist grandmas, etc., mistaken for whatever the gun carrier worries about and wants to stop before it gets too close. One idiot with a gun he or she doesn't know how or why or when to use will spoil life for the many who are living peacefully... It's a serious issue that I hope sane, responsible gun advocates are working on addressing.
I love stacking silver, but the government doesn’t dictate the purchasing power of the dollar, the federal Reserve does. Like your videos man keep it up! Also copper, and nickel are finite resources just like silver.
I love holding gold and silver in my hands, and it GENERALLY works decently as an inflationary hedge. Though not if you bought silver when it was $45 an oz, and then dropped to $14 a decade later. Or if you bought aluminum for $17,000 (2019 dollars) in 1850, for that same pound to only be worth about 35 cents today, due to advancements in refining technology. And that unpredictability in precious metal value, compared to all other goods and services an economy creates, is the main reason tying an economy to a fixed money supply is a terrible idea. If the economy grows faster than gold or silver can be dug up and refined, you get deflationary pressure that causes the value of precious metals to increase, which is why it's a good hedge against inflation, but if it's being used as a national currency, it encourages people to spend less of it, because they believe it will be worth more tomorrow, which slows spending, contracting the economy. This might be somewhat helpful to tamp down runaway economic growth (if such a thing exists, which even if it could exist, I don't think it would be a bad thing: If everyone could have 10X as much stuff without having to work 10X as hard, would that be a bad thing? I don't think so.) but it is disastrous during a recession if the government can't encourage growth by increasing the money supply. During a recession, if the money supply is fixed, and people stop buying things (demand drops) then prices fall which causes deflation (money is worth more, so people hold on to it even tighter, buying even less) which creates a vicious cycle. The only way to escape that cycle is to encourage spending, and the only way to do that is to devalue the money people are holding, through inflation, i.e. printing more money. Now of course, this has to be CAREFULLY managed, to avoid runaway inflation, but the point is, we have the capability to carefully control the money supply for any given economic situation with a floating currency. We do not have that ability with a fixed money supply, if money is tied to a finite commodity. And then of course you run into the problem of runaway inflation if the supply of that commodity suddenly outpaces the economy, for example during gold rushes in Alaska and California. Now instead of a central organization whose charter is to create a stable economic atmosphere by carefully adjusting the money supply to meet a target inflation rate of around 2-2.5% per year, the money supply is being controlled by miners whose charter is to maximize their own profits. And eventually you reach an equilibrium as the value of gold or silver drops due to the inflationary pressure of finding all that new money, but not until your personal wealth has been devalued by that drop. So the miners get rich, and your savings lose purchasing power. That instability in value, based on random chance (a miner finds a new large deposit, or creates a new, more efficient mining or refining process, etc), leads to major instability in short term pricing. Over the long run those fluctuations even out, but the point of currency is for it's purchasing power to remain stable, and if it is being devalued (due to inflation) the devaluation rate should be consistent, and not based on random variation of mining production levels. Anywhoo, that's my rant about tying an entire economies value generation to a handful of commodities. Using those commodities as a hedge against other economic pressure is a good way to diversify a portfolio, but it's a bad idea for an entire economy.
Seems legit on its face but doesnt pass the sniff test. We are currently seeing the fruits of the system you describe and its a loss of 99% of the dollars value, that doesnt sound like "stable" purchasing power. It sounds like incremental theft from a wealthy country by a privately held central bank.
Such eye-opening insights that you elaborated on!!!! Hard to argue these points you made...but I want to disagree that the precious metals will lose their purchasing power or be devalued if the miners find a new large deposit or use a new efficient mining or refining process, because the amount of people dying on this earth is heavily outweighed by people being born; and if a majority of the people of every nation were to be educated and made aware of the importance of precious metals as money, demand will skyrocket, the finite supply on this earth cannot satisfy 9 billion people, so value of metals would go up. Just because the value of it goes up, it doesn't mean people will necessarily hoard it all; we still need to purchase the necessities of life; high valued metals can just purchase more goods and services, which would encourage spending to stimulate the economy. If there were a surplus in precious metal money, then I would say to use that to pay back debt obligations, as some humans have a mental disorder to detrimentally spend more than they can pay back. Also. Legislators can always pass laws to limit the amount of mining done if the world's economies needed to restrict the money supply, because mining is environmentally destructive.
@@jorgevespucci9878 Yes, the dollar gets devalued a little bit more each year. That's inflation. But, in a healthy economy, you should also make a few percent more each year, and if workers are more and more productive each year, and the economy grows faster than the population is growing, you should have a little more utility each year. That's why MOST Americans are far wealthier than their great grand parents, even though we work fewer hours. But in normal times (not during a pandemic) your dollar yesterday could buy you pretty much the exact same amount of stuff as it can today because the primary job of the central bank is to create an environment of about 2-2.5% inflation. The job of precious metal miners is to make as much profit as possible, and you can't control an economy if you can't control the money supply. And in a capitalist market, you can't (shouldn't) control how a private business, such as a mining company operates. Which means the government can not control the money supply, which leads to things like the great depression, which happened back when we were on the gold standard and couldn't stimulate the economy by printing money. And yes, if we use this super power (printing money) too often during times of crisis, without working down that debt during healthy economic cycles (like we just had for the last 10 years) eventually, we will run out of runway, and the whole thing will collapse. We really should not have been running a budget deficit for the past 10 years, and we shouldn't run one again after this crisis is over.
@@AnonomusKity Very true that the government could enforce some sort of restriction on the amount of gold/silver/plantimum/etc allowed to be produced or imported into the country, etc. But that doesn't address the other side of the coin (pun intended) if production of precious metals can't keep up with growth in the rest of the economy. This is one of the big reasons cryptocurrencies haven't really taken off as a form of payment for goods/services, because they are so volatile that people view them as an investment, rather than a currency, so people trade and hold them, instead of spending them, aside from some illicit items that you don't want the police finding out about, lol. And I do see physical precious metals as an important part of a portfolio, mainly for the SHTF scenarios, and the preservation of wealth during a major geopolitical event, like the collapse of a government. But as a form of money, they tend to have a lot of drawbacks that can be alleviated through a properly controlled fiat currency. Of course the debate over whether or not governments can be trusted to properly control said currency is certainly debatable. I'm mainly speaking from a theoretical point. In practice, we've all seen what happened to the Weimar Republic and Zimbabwe, and more recently Valenzuela. So you REALLY need to make sure your government actually has the best interest of the people in mind, and has competent, knowledgeable leaders in charge of a nation's currency, who understand consumer psychology, game theory, and classical economics.
The lady needs to be thought what money is. Money a medium of exchange a unit of account, must be divisible, fungible and preserve it's value for a long period of time!
I like this old MEME that was going around. It’s a picture of a ‘64 Washington and it says “ in 1964 the minimum wage was 5 silver quarters,
In 2015 , 5 silver quarters melt for $15.15.
We don’t need to raise the minimum wage, we need to fix the money.”
Fix the "Fiat currencies"... by burning them.
I've shared that meme a few times and my nephew still wanted to know why I endorsed silver over stocks and bonds in an RRSP. I gave up with my family.
It's amazing to think that you could put away some silver bullion somewhere, you could hide it in a box, forget about it, wars could come and go, fiat currencies could emerge and eventually collapse into oblivion, market booms and crashes could come and go, but 100 or 200 years later, that boxes of coins could be uncovered by someone down your lineage and they will have have maintained their purchasing power and are still completely tradeable and valuable for the same real world value they held when you first acquired them.
@@lonewolflifestyle This is why I stack!
@@lonewolflifestyle I would love to metal detect in Europe. There’s still a chance to find some crazy hoards. Dream would be finding some Bloody Mary gold.
I'd love to go back to spot that low... But a year later still kept up with inflation. Spot at $23 today. Quarter still got it's purchasing power with a little more
I was a postal clerk and I used to get silver coins occasionally from customers. I knew they were valuable, but I would always give them to my boss. He collected them. I usually got the days off I wanted. The only thing I ever regretted not keeping was a counterfeit $50 I got once. I had to give it to the police unfortunately.
Great video man, keep up the good work! Just bought 23 more silver eagles on Saturday, my brother got 10 face value of junk silver. Hoping to have my first monster box filled in the next two months and at that point I will get more junk silver. I love pulling my silver out and showing my two daughters ages 2 and 6 and teaching them about REAL money. It feels good knowing it will all go to them one day. Much love everyone and keep stacking.
Tibs AZ awesome keep stacking my friend! 🔥🐉
“You can still buy a gallon of gas with a silver quarter”. Thank you for posting this knowledge. It is time to protect ourselves from inflation of fiat currency
5:15
You can still buy a gallon for 20c, but you must use pre 1964 coins in order to get that price
Wow that’s a lot of dimes!! Always love your content
I just got into all this, I'm beginning to like silver so much I think I'm part dragon
Lone Wolf Lifestyle lol you and me both 🔥🐉
I remember when silver went from $18 to $49 in a few months back in 2010-2011....the higher the price went up, the more people wanted to buy silver.
Bob Silver silver is slowly creeping up. I’m stacking as much as my money allows me to. But don’t go broke or in debt for it, lol. You still need to pay your bills and try not to use your credit card lol. I have at times used CC where I wanted to get a coin before they got sold out.
@@Youngcee81 CC is bad debt mate, get rid of it. They are cancer, along with car loans.
tessie I don’t use it anymore. And I still have a car loan. 3 more years and I’m done.
@@Youngcee81 yea my wife does too, 2 years for her, free of debt after that. Can't wait.
tessie no more cars for me for awhile.
They are saying gas prices in my area will be around $.85 in the next 2 weeks. I filled up for a $1.20 yesterday.
Silver Fever wow wait to fill up! 🔥🐉
The problem with that lady was that she sees fiat currency as money.
Janissa Sambula I know right 😂🔥🐉
One of the main factors of the value of silver (argent) is if there's an outbreak of Wherewolves or Vampires.
It was said that vampires could not see themselves in mirrors. Sure, they're dead, no soul (except Angel and Spike), etc. But really... mirrors used to be backed by _silver_ and that worked it's cleansing magic against evil vampires. However, these days, mirrors are backed by, what, aluminum maybe? They can no longer be trusted to reveal a vampire in your midst!
Wtf are you two talking about.....
And we are surrounded! ...I shoulda got the bullets!
@@1986tessie Wow. Are you like a Vulcan or something?
You should start a guardhouse box for each denomination. Love junk silver! Great vid!
Jonny Stacks lol I like the bags though 😂 thanks! 🔥🐉
Hey great video, just a question? Why do you prefer to stack constitutional dimes more than quarters or half dollars? Thanks for the video
I am actually purchasing a 38' sailboat today for 1250 ounces of silver and the boat is worth a WHOLE LOT MORE than $1,250 dollars! Proof of the purchasing power of the white metal.
1250 ounces of silver is NOT like $1250 it's more like $17000 right now...
@@phinyoder You are making the mistake of calculating the value of silver in filthy paper dollars. Wrong!
@@phinyoder Lol!! I think that's the point. The face value of a silver dollar is a dollar. Of course the face value is completely separate from the intrinsic value of the silver. It's a beautiful thing😁.
good trade! i'll never sell my silver for fiat, but will use it to purchase land. i value my silver at 1 acre / 1 oz. once i find that deal i'll take it, otherwise, i'll keep my silver.
@@all-intim882 you're a nut, that is the gold to land ratio, so it should be 16 to one according to the constitution, that would make it 16oz to an acre unless you are wanting uninhabitable swampland or desert. Lol
Love my Silver coins.I call it my Shiny Savings. Thanks SD
Silver Ripples who doesn’t like some shiny 🔥🐉
Just curious, after you made a video, did you just threw it into one bag - or played with the pile for two hours?
FalconRS i’m still playing with it 😂😂😂😂😂😂😂😂😂😂🔥🐉
I do the same thing....I love my stacks
I do the same thing....I love my stacks
In a real, SHTF scenario, just let all the "traders" try and cash in their paper silver.
Just found your channel. Thanks for having these videos. I have just purchased gold recently. These hopefully will be with me til retirement.
Nice video buddy! Good content!
I filled up for $1.29 a gallon where I live in Ohio yesterday.
John M nice! i’m jealous 🔥🐉
I got it for.96 cents a gallon today in Ohio
If I get my stimulus check, I’m gonna buy SILVER‼️
Who can afford gold???? Not me...
Who can afford not to get into gold? The world is messed up.
Kalola Wahine I’m buying some gold buy fractional
I withdrawn 10k from my superannuation account and bought 2oz of gold and few kgs of silver. I'm in Australia, so we got a few packages.
I agree with you. And I myself like silver very much. But......
We still cannot go and use constitutional silver to pay for items at melt value. Unless you actually know someone that owns or runs a place of business. You would need to sell it first.
HI Santiago Aguilar . I too like the silver coin. You have to think if our Dollar crashes .
We maybe useing silver coin again . The premium for junk silver ( USA ) coin has gone way up .
Santiago Aguilar I traded it for ammo last week. you also cannot use USD everywhere. think about it... there is a big world out there 🔥🐉
Love the Billy Madison clip🤣🤣🤣🤣🤣😂🤣😂🤣😂🤣😂🤣😂🤣 its funny because i just had this discussion with my bro on friday morning!!!!!!! My argument was to take a gallon of gaz and to look at the melt value of a 90% quarter also. He was telling me how you cant use it to pay anything but last time i was in florida a gaz station had a sign at the cash saying that you could use 90% silver to pay instead of paying with regular cash!!!!! Thank you for the video i will forward it to him
Maple Stacker Ag47 wow that is cool they were taking junk at the gas station! thanks for sharing the video 👍🏽🔥🐉
For the record ..... the sailboat mentioned below was priced at $25,000. That was my point.
Just filled up for 1.45 a gallon. Great video as always.
My grandmother bought sacks of junk silver in the 80’s at $ 4 dollars an ounce. God bless her she was the original silver bug. Must have been over $2000 face value. These sacks were huge and made up solely of dimes and quarters. Sad thing is no one knows where they went! Note to self tell trusted family or friends where your silver is when you hit 88 years.
I've used 1964 silver as a measure for all kinds of true value. It can tell me how my income stacks up to what my father made during his working life because he was paid in silver. (He made about a silver dollar per hour and raised a family on it.) My retirement income including ssi is just little bit more than a silver dollar (ASE) per 40 hour week today. Plus all my time is "my time". I'm in the check out generation but still going strong, in good health and with all my teeth. Play around with it. It might just surprise you.
$2.50 a gallon by you still? I paid $1.35 Saturday for gas! Dang I thought it was under $2 everywhere in the US
$2.20
Taxes worked in to gas prices. 😔
I’ve seen 0.99 in Kentucky...
2.20 in az
Bit by silver bug hawaii is higher as always 🔥🐉
Excellent video message and advice as usual. Thanks. Out.
Silver Dragons That is a good way to compare real money .
Regarding 5:05, in 1964 the price of silver had increased to $1.29 per troy oz. If the price of silver was to continue to rise to $1.38 per troy oz., then the bullion value of silver coins would equal their face values. The U.S. Mint realized that their seigniorage would no longer be lucrative if they continued to produce 90% silver coins. That is why in 1965 the U.S. Mint eliminated 90% silver from their quarter dollars and dimes and switched their composition to the new cheaper cupronickel clad sandwich around a copper core. This peculiar composition was selected because such coins could still be accepted into vending machines and parking meters. Therefore in 1965, there was the situation in which 90% silver coins co-circulated with the new cupronickel clad coins and both types had the same face values. That meant according to Gresham’s Law savvy people soon realized the profitability for hoarding as many 90% silver coins as they can lay their hands on and to spend instead the new cheap cupronickel clad coins at the same face values. At that time, banks still had large inventories of rolls of 90% silver coins which hoarders could buy merely at their face value although their silver bullion value had exceeded their face value. That meant, for example, you could spend a cupronickel clad 25¢ coin to buy a 90% silver quarter dollar and repeat these equal face value exchanges until the bank or store ran out of silver coins. Then move on to the next bank or store and do the same. Ultimately 90% silver coins disappeared from circulation and were hoarded into collections such as junk silver bags. Furthermore the last opportunity to redeem silver certificate dollars for physical silver from the U.S. government was on June 24, 1968 at which time the price of silver had almost doubled to $2.48 per troy oz. To obtain silver bullion in exchange for your silver certificates, a holder of silver certificates must present them in person at the Federal Reserve Bank of New York or at the Federal Reserve Bank of San Francisco or at the United States Assay Office in New York or at the United States Assay Office in San Francisco. As another example of seignorage profit made by the U.S. Treasury Bureau of Engraving & Printing, it costs 15.4¢ to produce each $100 Federal Reserve Note. That means its seignorage is $100 - $0.154 = $99.846 which is a huge profit for printing the fiat currency. There are not many things that someone can manufacture for only 15.4¢ each and sell it to willing buyers who pay $100 each. On the opposite end of seignorage, it currently costs the U.S. Mint 2.06¢ to make each one cent coin and 7.53¢ to make each nickel 5¢ coin, because the costs of copper, nickel & zinc have risen a lot over the years. In the past, one cent coins used to be made from 95% copper + 5% tin & zinc. That lasted until October 22, 1982 when their composition was debased to copper plated zinc. Its copper veneer over a zinc core is merely to mimic the appearance of what was once known as a red cent.
And now people are sorting out and hording pre 82 pennies lol.
I dream about silver being accepted as money again.
I think people would have to be not only educated,
they would have to be convinced that silver is money.
Most humans are sleeping or are outright zombies.
For people that know of history, they know silver and gold is real money. Trouble is, most people don't know history, they rather be ignorant. A friend of mine frequents yard sales and stumbled upon one 4 summers ago. He looked at a jewelry box and saw a gold coin attached to a gold chain in the box. He picked it up and knew it was real gold, he went to the lady and asked how much she wanted for it. She said, $3. My friend tried to contain his excitement, and told her very cooly, alright. That gold coin was a British sovereign from the 1880s and together with the gold chain, was worth about $2,000. So, there are tons of ignorant people out there.
I improved my eyesight focusing on the quarter , far then close , then far then close . . .
what is the best way to get rid of old silver forks and spoons. My mom and dad left me about 50 lbs of assorted pieces they had been grabbing thru the years. All of its real silver, not plate.
Melt them into bars or make spoon rings if the handles are pretty.
Look for it to be made of "Sterling Silver" which by definition is 92.5% purity. So might see an "SS" or "925" designation to signify this. However, sometimes this purity might not extend to the entire utensil. Maybe only the handle might be this purity and the utensil part might only be "silver plated" which is pretty worthless in comparison to the Sterling Silver part.
Also if the "silver" is tarnished, I think that is a sign that it is the "good stuff."
Great video 👍
That you I'm Just starting stacking just so I won't spend so fast so I put my money in slive know I'm thinking one gram gold bar or 1/10 coins i thankful for your advice
Great video SD.
Talking Bullion thanks TB! 🔥🐉
The Billy Madison clip cracked me up lmao. 🤦♂️
Well done!!!!
The clad's value is not just the copper. At the moment nickel is roughly twice as expensive as copper.
HifiCentret the nickel plating is extremely thin 🔥🐉
Silver Dragons I dont feel gas stations will recognize junk silver they'll only recognize it as a quarter. They look at it as modern day quarters not stone age quarters. I personally recognize it as 90% silver that doesn't mean others will.
One additional step required. ... You take the silver quarter somewhere where it is recognized for what it is truly worth (i.e. a coin shop), or sell it online for its true value. Then the money from the sale and go buy your gas.
@Silverdragons you got me soo good on the April 1st video I was like nooo! Silver dragons lost his mind hahah you’re good you haha
Thomas lol thanks 😂🔥🐉
That's not a silver Pile.. This is a Silver Pile lol... Your Scrap Silver Piles are always larger than Life! Great Video
North Central Network lol thanks my friend 😁🔥🐉
Intrinsic Value = Inherent Value. Nice information.
What does hedge against inflation actually mean? I understand the savings part Especially with stock market now. My wife doesn’t understand lol. Thanks Dragons
It means to retain your purchase value despite inflation. For example if in 1964 you could buy a gallon of gas for a quater. In 1974 because of inflation, gas costs 2 quarters BUT a 1964 silver quarter is worth two quarters in 1974 so by saving your 1964 silver quater, you retained your buying power despite inflation (or a hedge).
Thank you
Mossman 52 it mean basically not affected by inflation 🔥🐉
Thanks for sharing dragons 🐉
I don't know if anyone else has commented this, but I have always hated the term "Junk Silver". It's not junk and is actually worth some money. I don't really care what the origin of the term is, I just don't like it; even if it's not what I'm thinking it's meant.
I kind of like the term "junk silver" ... because this terminology may help keep certain people who really don't deserve to own it, away from it (you know who they are) ... to create greater availability (& lower price) to the people who do realize what it is. But it seems like many people are catching on, as the premium on so-called "junk silver" continues to rise significantly.
Hey, You know how much I beleive in silver. It is/has always been right in the mainstream to acquire goods and services. Unless a supplier that travels with a balance beam scale gold would be far to much for everyday acquisitions. Unless you want to be paying a hundred bucks for bread, Don't get me wrong but in a bad time SILVER is our go to. GREAT STUFF FOR SURE !
Let me out my house I need to go shopping for silver!!
I'm not sure whether or not the buying power of silver in 1964 is the best reference point. Silver quarters dated 1964 contained the same amount of silver as the quarter dated1890. Determine how much a quarter in 1890 would buy and, theoretically, your junk quarter ought to equate to the same buying power today. Constitutional coinage is undervalued by much more than people realize regardless of whether or not silver bullion goes up and someday that will be recognized. Gold already has realized it's 1890 value.
I'm watching like maybe hell know something I dont. Then bam wealth of knowledge.
silver watcher thanks for watching my friend 😁🔥🐉
Nice video, lately, I've also been acquiring ''junk'' silver. All different nations. %80 and %90. Thanks
I don't mind even 50%, if it's very cheap pile. Not going under that though. 30-40% are yucky.
How do you put a price on freedom?
I have never heard that story before. I will now have to tell everyone it
Joshua Poblano lol yep tell everyone! 🔥🐉
Great explanation.
Ghost Punk 639 thanks! 🔥🐉
Hell yeah I love that intro saw that junk silver being poured out
Very good explanation 🇺🇸😁
Snowzeus thanks so much! 🔥🐉
Everyone should have a box of silver.
The price of silver doesn't change, the value of a dollar does.
Love the vid clips! What about gold??
Mike Jamieson just as good my friend 👍🏽🔥🐉
Can you melt the stuff and seperate the copper from the silver?
daytona1212 yes and you can do it in a microwave 😂🔥🐉
What did she say when you explained this to her?
Man I scored brother in Grants Pass oregon cash connection said sorry Brent were out of gold all I got is a 25 ounce silver bar :) 1 dollar over spot nice apmex bar of course I took it :)
Brent Dewey 😍😍😍 nice snag!!!! 🔥🐉
Gas is about $2.75 (US) a gallon in Australia . It’s interesting because using the same math Australia’s old silver money (before 1966) can get the same gallon of gas for it’s silver content. It’s unfortunate sound money is lost to the history books and buried in our safes . It saddens me to think of our economy’s future 6 months from now . What a roller coaster we are all on
I totally get it dude!!!
Kalola Wahine awesome my friend stack on! 🔥🐉
do you buy any gold
You are telling the same silver quarter/gasoline story that I've been telling for years.
And in Escondido, California (30 miles north of San Diego) you could buy middle grade gasoline for 25.9¢/gallon. The cheaper grade was 23.9¢/gallon. This was valid in the early to mid 1960s. I know this from personal experience. Escondido was in a permanent Gas War -- a concept not known these days. So that part of your story is valid.
These days, of course, California has the most expensive gasoline in the nation. Democrats will do that to you.
Silver FTW!
Oil price was more expensive back then
The same applies to silver dollars. silver dollar used to buy you a bottle of whiskey now a silver dollar is worth $20-25, i.e.. A bottle of whiskey
Some bag of Silver quarters!! 😲😲😲
i would not want to melt them i find they look just fine the way they are
john valdron exactly 🔥🐉
The point of money is to store the fruits of your labor or skills for future use, in like value. Inflation of fiat money discourages saving.
Yeah it's cuz we live in a consumer economy, the government needs people, most people to spend all their money. Money in a mattress is no good for them.
2:43 really? is it not defacing currency?
Gold $19,277 and Silver $2,325 now
I got lucky today. Got a 1964 Kennedy half dollar with my change at the gas station.
@@trp2413 most likely however I am grateful she gave it to me.
Doit toit i’m so jealous!!! 🔥🐉
@@SilverDragons47 I looked at it for a good 5 minutes just to make sure it was a 1964 lol.
The "value" of those Silver coins is not based on their face value as money. It is based (notwithstanding any attached premiums) on the spot price of Silver *as a commodity.* This means that the value of a given unit of Silver, whether an old coin, a round, or a tube of .999 shot, does not have a set transactional denomination. That .90 Silver quarter might be worth 2.50 today, and more or less tomorrow. Worse, its value is affected by ETFs (exchange traded funds) which allow people to trade in the current *price* of Silver, without ever actually owning any physical metal. Oh, there are provisions for taking delivery of the trade in physical metal, but nobody really does that. Instead, those trades are for theoretical quantities of Silver *which do not exist,* except on paper. Thus, the market value of Silver is also affected by a kind of inflation, as the volume of trade is many, MANY times the actual volume of physical Silver on the market, and those playing at "buying Silver" suppress the value of physical metal. THAT is why Silver hasn't broken out as we have been expecting for many years.
Silver as "money," that is, Silver coined to be used at a specific set face value, fights inflation. The problem then becomes minting coins at a material cost which doesn't exceed the face value, which creates a whole, new set of issues regarding mine production and the relative values of Copper, Silver, and Gold minted in denominations directly related to one another. Of course, it also spikes the guns of all that fiat currency "printing," whether paper and ink, or digital 1s and 0s. And the powers that be won't surrender the power that gives them. So think of your PMs as commodities, for now, remain aware of the issues of mine production and the gaming of the COMEX by the banksters, and hope we never have to use PMs for barter in an economic collapse. ='[.]'=
And yet, with all the shenanigans going on, it never lasts forever. Eventually fiat goes to zero and gets priced against gold. If you look at the markets right now, I think people are beginning to figure that out, especially the big players.
Have any stackers bought paper silver and tried to redeem it that would be a great vid.
I find this video very helpful. I do have some silver (90% & .999) but I have a big problem trying to understand why the different design on a .999 silver dollar or a different year on a .999 American eagle causes the prices to increase so much. I just do not understand why .999 1 oz silver is all over the place depending what the design is. To me, if the spot price is at $15.00 an oz. then i oz. should be $15.00 plus dealers cost. Could someone help me to make sence with this.
S H some ASE have numismatic value so they are priced higher 🔥🐉
What is your favorite kind of constitutional Coin to collect?
Silver is worth way more than spot price
14 dollars a 1 oz big deal then they charge allot i like watching people waste there money that girl is right gold u loose less silver is the biggest ripp off of all times going with copper
Ray s you think they overcharge for silver so you’re going with copper? Have you done the math? A 1 oz copper round is going for around $2.90 on average and since copper is weighed in AVDP oz’s you can multiply that by 16 for a per pound price of $46.40. Right now as I’m writing this, a POUND of copper is worth $2.22. That equates to a premium of 1600%..... Are you starting to see the flaw in your logic?
@@BrassJunkie I'm glad u said it ie keeping quite lol
Jonathan Reese something needed to be said.
1600% generic copper premium vs 27% generic silver premium?..... 🤷♂️
Jonathan Reese right which is why I valued the quarter at $3 👍🏽🔥🐉
How Much Silver Is In A Silver Tooth Filling ?
steelersjourney11111 1 million dollars 😁🔥🐉
Silver Dragons I Wish I Would Put It Out And Sell It !
Quarters are my favorite size in junk silver followed by dimes. Too bad all I could score recently were a full roll of Swiss 5 francs.
@@trp2413 ...so you would shoot a farmer who didn't want to trade a chicken for your dime? You'd get one meal out of it, if you also did the slaughtering and prep of the chicken you stole. That doesn't seem like a wise deal at all. Instead, offer to use your weapon to protect the farmer and maybe help on the farm, too. Community is better than terrorism, in my way of thinking.
@@trp2413 --- Ah! Obviously the word "slugs" confused me. Perhaps they need another name, something to make them seem more valuable.
@@trp2413 -- there are just enough folks bragging about having "lead" and guns and all that stocked up, that I begin worrying about the abundance of bodies of midwives, plumbers, electricians, children, herbalist grandmas, etc., mistaken for whatever the gun carrier worries about and wants to stop before it gets too close. One idiot with a gun he or she doesn't know how or why or when to use will spoil life for the many who are living peacefully... It's a serious issue that I hope sane, responsible gun advocates are working on addressing.
SilverBlackBird1989 why are quarters your favorite type of junk silver? 🔥🐉
@@debbys-abqnm4537 more than one meal if you ate the farmer, depends what kinda apocalypse it is I guess lol. I kid some halloween season humor.
In 1964 gasoline could be bought at 19.9 cents per gallon in Phoenix AZ.
Our gas is $1.85 love the constitutional silver always looking to add it to the stack
Silver Bullet yep Oregon is expensive 😂🔥🐉
Silver Dragons I’m in Tennessee an I saw gas this morning for $1.25
$2.50 per gallon? Dang dude. Only a buck 80 in the dirty south
Adam Loveless lol yeah Oregon sucks 😂🔥🐉
I love stacking silver, but the government doesn’t dictate the purchasing power of the dollar, the federal Reserve does. Like your videos man keep it up! Also copper, and nickel are finite resources just like silver.
The lady at Disney world probably didn’t understand because she wasn’t a part of the 47th Dragon Legion!!!🔥🔥🔥🔥🔥
Fiat Destroyer 😂😂😂😂😂😂😂🔥🐉
Silver Dragon if you love silver and gold look into Bitcoin I have most of my money in their same characteristics just easier to transact with
I love holding gold and silver in my hands, and it GENERALLY works decently as an inflationary hedge. Though not if you bought silver when it was $45 an oz, and then dropped to $14 a decade later. Or if you bought aluminum for $17,000 (2019 dollars) in 1850, for that same pound to only be worth about 35 cents today, due to advancements in refining technology. And that unpredictability in precious metal value, compared to all other goods and services an economy creates, is the main reason tying an economy to a fixed money supply is a terrible idea. If the economy grows faster than gold or silver can be dug up and refined, you get deflationary pressure that causes the value of precious metals to increase, which is why it's a good hedge against inflation, but if it's being used as a national currency, it encourages people to spend less of it, because they believe it will be worth more tomorrow, which slows spending, contracting the economy. This might be somewhat helpful to tamp down runaway economic growth (if such a thing exists, which even if it could exist, I don't think it would be a bad thing: If everyone could have 10X as much stuff without having to work 10X as hard, would that be a bad thing? I don't think so.) but it is disastrous during a recession if the government can't encourage growth by increasing the money supply. During a recession, if the money supply is fixed, and people stop buying things (demand drops) then prices fall which causes deflation (money is worth more, so people hold on to it even tighter, buying even less) which creates a vicious cycle. The only way to escape that cycle is to encourage spending, and the only way to do that is to devalue the money people are holding, through inflation, i.e. printing more money. Now of course, this has to be CAREFULLY managed, to avoid runaway inflation, but the point is, we have the capability to carefully control the money supply for any given economic situation with a floating currency. We do not have that ability with a fixed money supply, if money is tied to a finite commodity. And then of course you run into the problem of runaway inflation if the supply of that commodity suddenly outpaces the economy, for example during gold rushes in Alaska and California. Now instead of a central organization whose charter is to create a stable economic atmosphere by carefully adjusting the money supply to meet a target inflation rate of around 2-2.5% per year, the money supply is being controlled by miners whose charter is to maximize their own profits. And eventually you reach an equilibrium as the value of gold or silver drops due to the inflationary pressure of finding all that new money, but not until your personal wealth has been devalued by that drop. So the miners get rich, and your savings lose purchasing power. That instability in value, based on random chance (a miner finds a new large deposit, or creates a new, more efficient mining or refining process, etc), leads to major instability in short term pricing. Over the long run those fluctuations even out, but the point of currency is for it's purchasing power to remain stable, and if it is being devalued (due to inflation) the devaluation rate should be consistent, and not based on random variation of mining production levels.
Anywhoo, that's my rant about tying an entire economies value generation to a handful of commodities. Using those commodities as a hedge against other economic pressure is a good way to diversify a portfolio, but it's a bad idea for an entire economy.
Seems legit on its face but doesnt pass the sniff test. We are currently seeing the fruits of the system you describe and its a loss of 99% of the dollars value, that doesnt sound like "stable" purchasing power. It sounds like incremental theft from a wealthy country by a privately held central bank.
Such eye-opening insights that you elaborated on!!!! Hard to argue these points you made...but I want to disagree that the precious metals will lose their purchasing power or be devalued if the miners find a new large deposit or use a new efficient mining or refining process, because the amount of people dying on this earth is heavily outweighed by people being born; and if a majority of the people of every nation were to be educated and made aware of the importance of precious metals as money, demand will skyrocket, the finite supply on this earth cannot satisfy 9 billion people, so value of metals would go up. Just because the value of it goes up, it doesn't mean people will necessarily hoard it all; we still need to purchase the necessities of life; high valued metals can just purchase more goods and services, which would encourage spending to stimulate the economy. If there were a surplus in precious metal money, then I would say to use that to pay back debt obligations, as some humans have a mental disorder to detrimentally spend more than they can pay back. Also. Legislators can always pass laws to limit the amount of mining done if the world's economies needed to restrict the money supply, because mining is environmentally destructive.
@@jorgevespucci9878 Yes, the dollar gets devalued a little bit more each year. That's inflation. But, in a healthy economy, you should also make a few percent more each year, and if workers are more and more productive each year, and the economy grows faster than the population is growing, you should have a little more utility each year. That's why MOST Americans are far wealthier than their great grand parents, even though we work fewer hours.
But in normal times (not during a pandemic) your dollar yesterday could buy you pretty much the exact same amount of stuff as it can today because the primary job of the central bank is to create an environment of about 2-2.5% inflation. The job of precious metal miners is to make as much profit as possible, and you can't control an economy if you can't control the money supply. And in a capitalist market, you can't (shouldn't) control how a private business, such as a mining company operates. Which means the government can not control the money supply, which leads to things like the great depression, which happened back when we were on the gold standard and couldn't stimulate the economy by printing money.
And yes, if we use this super power (printing money) too often during times of crisis, without working down that debt during healthy economic cycles (like we just had for the last 10 years) eventually, we will run out of runway, and the whole thing will collapse. We really should not have been running a budget deficit for the past 10 years, and we shouldn't run one again after this crisis is over.
@@AndrewHosford so silver is a good investment for long-term or not?
@@AnonomusKity Very true that the government could enforce some sort of restriction on the amount of gold/silver/plantimum/etc allowed to be produced or imported into the country, etc. But that doesn't address the other side of the coin (pun intended) if production of precious metals can't keep up with growth in the rest of the economy. This is one of the big reasons cryptocurrencies haven't really taken off as a form of payment for goods/services, because they are so volatile that people view them as an investment, rather than a currency, so people trade and hold them, instead of spending them, aside from some illicit items that you don't want the police finding out about, lol. And I do see physical precious metals as an important part of a portfolio, mainly for the SHTF scenarios, and the preservation of wealth during a major geopolitical event, like the collapse of a government. But as a form of money, they tend to have a lot of drawbacks that can be alleviated through a properly controlled fiat currency. Of course the debate over whether or not governments can be trusted to properly control said currency is certainly debatable. I'm mainly speaking from a theoretical point. In practice, we've all seen what happened to the Weimar Republic and Zimbabwe, and more recently Valenzuela. So you REALLY need to make sure your government actually has the best interest of the people in mind, and has competent, knowledgeable leaders in charge of a nation's currency, who understand consumer psychology, game theory, and classical economics.
I like silver, but I love GOLD. Where da gold at, give me da gold
Same thing as copper when u find silver u find copper im out of silver for a while until prices goes down
Do you sell silver bars?
Iron Cross just poured silver 🔥🐉
Silver Dragons Do you have a website? What price per ounce?
Silver Dragons $60 for a two ounce bar. Ouch!
Iron Cross watch the video on how I make them 🔥🐉
Imagine instead of getting payed $20 an hour or so you got payed a silver eagle
A kid friendly guide to investing how about 3 silver eagles and i’m in 😂🔥🐉
Silver Dragons that would be amazing 😂
I’ve got an awesome video coming out tomorrow- unboxing my first gold and silver- if you could check it out that would be insane!
One dollar is 0.7734375 troy ounces of silver.
My god I live in England and we pay 6 pound so about 7 or 8 dollars for one gallon of gas no wonder I would love to live in the USA
Yeah but you're also forced to drive a hell of a lot more in the U.S. lol
@@reichrunner1 that is a good point my brother thinks 30 miles is a long drive and that is true
reichrunner1 yea I drive 60 miles each way to work. Paid $1.74/gallon today
@@nicholasguillory3354 god man buy the end of the week you must be sick of driving hope the money is good stay safe on the roads mate
as of 4/17/21 the worth is now $4.70
Gas is 1.66 a gal hear in Maine today
12:09 well you were right
The lady needs to be thought what money is. Money a medium of exchange a unit of account, must be divisible, fungible and preserve it's value for a long period of time!
Janissa Sambula she is a product of our educational system unfortunately.