Could You SELL Your Silver if it went to $50 or Higher?!?

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  • Опубліковано 27 вер 2024
  • Have you ever wondered what would happen is Silver went to $50 per ounce again? Would anyone be Buying and, could you even sell it?
    We're going to explore that topic and MORE in today's Talking Hands Podcast! We'll explore what I've learned about what happened with 1980 when Silver went to $50 per ounce (That's over $200 adjusted for inflation), and even 2011 when it went to almost $50 per ounce again!
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    Could You SELL Your Silver if it went to $50 or Higher?!?
    • Could You SELL Your Si...
    #silverprice #silverstacking #silverbullion

КОМЕНТАРІ • 537

  • @jeffw1267
    @jeffw1267 6 місяців тому +64

    I was a young collector in 1980, when silver went to almost $50, and dealers were buying. I know, because I sold my 90% silver to them. One time, I got $8 for one silver quarter, and $8 then was equal to about $30 today.
    People go insane when there's a big spike in silver spot, and they want to catch that train no matter how much it costs. $50 in 1980 was equal to about $190 today. Imagine paying $190 for one ounce of silver! And people will do it again when the time comes.

    • @edb3877
      @edb3877 6 місяців тому +7

      I remember those days quite well and agree that there won't be any shortage of buyers at $50, $100, or $200 per oz. silver. What we had
      back then is sometimes referred to as a "mania" and a lot of people were going nuts over gold and especially silver. But, like all manias,
      this one ended badly for most people, as they bought in the $30s and 40s and held on too long as silver crashed to $5 an oz. This is the
      lesson from 1980 as I see it. Never be afraid to walk away from the table with a fat profit. On Wall Street there is a saying that goes like
      this: Bulls make money, bears make money, but hogs get slaughtered... so, don't be a hog!

    • @SilverSeeker
      @SilverSeeker  6 місяців тому +10

      Thanks for the comment my friend! I LOVE hearing from people that were there, that's the only way I'll know how it was back then so seriously, THANK YOU!
      Great Comment!

    • @brian56
      @brian56 6 місяців тому +3

      It's called FOMO! Fear of missing out.

    • @scrapyardprospecting3855
      @scrapyardprospecting3855 6 місяців тому +1

      I missed that I remember silver at 7 bucks and ounce don’t ever remember silver above where it’s at today I was born In 73 sooooooo

    • @PoorMansInvesting
      @PoorMansInvesting 6 місяців тому +1

      I had so many auctions for eBay on Bin Laden weekend. Every single one was bid up appropriate pricing for that $50 spike

  • @DLHalverson
    @DLHalverson 6 місяців тому +76

    Trade up to GOLD ! That's what I would do .

    • @Der0Nibelung
      @Der0Nibelung 6 місяців тому

      Beat me by two days...

    • @0101-s7v
      @0101-s7v 6 місяців тому

      Silver will deliver the most profit in the long run because you can get many more ounces for the same dollars. That said, it's a mistake to not have as much gold as you can, but ignoring it, or giving it all up for gold is not a good idea.

    • @sdfv4zx
      @sdfv4zx 19 днів тому

      @@0101-s7v I trade down to silver, trade for a bunch of silver. He should talk about 2011 instead of 1980, what happen to 2011 is that the same as 1980.

  • @YHVH1483
    @YHVH1483 6 місяців тому +8

    When gold was under 500 im sure people were saying who would buy your gold at 2100 dollars an ounce... and here we are.

  • @therealhawkeyeii7888
    @therealhawkeyeii7888 6 місяців тому +34

    Throughout the 1970s, it wasn't uncommon at all to get whole rolls of silver dimes, quarters, and half dollars. My father would bring home rolls of them every week to put in a bowl for me and my siblings to take for lunch money at school. We were always excited when a whole roll would be silver, and we'd divide it up and not spend it. It all got sold in 1980, and yes I stood on those lines outside coin dealers to do so. I don't remember how much back of spot they gave me for mine, but I don't recall being unhappy with the cash I was getting for it.

    • @SilverSeeker
      @SilverSeeker  6 місяців тому +3

      Thanks so much for the extra insight, I LOVE hearing from people that were actually there!

    • @lamarravery4094
      @lamarravery4094 6 місяців тому

      I was wondering if people would go to the bank to buy rolls of dimes and quarters around 1980 when silver hit its peak. I was a kid then and had a coin collection, it never occurred to me to go to the bank to hunt through rolls of coins then. I wish someone would've told me to, I could've easily have done that. And a friend's dad showed me the gold coins he had purchased in the early 1980s. He had them in a velvet pouch and he poured them into his hand. I had never seen real gold like that up close before. I don't remember what kind of gold coins they were.

    • @jewlsg6378
      @jewlsg6378 6 місяців тому

      Same with my pops, he always told me to look for the pre 64. There was from what I remember when my pops would buy something and get change he would always hand me 2 or 3 silvers out of the change. It was circulating everywhere. Coin roll hinting back then would have been amazing videos for today. Good stuff. Great memories

  • @wesleyt4109
    @wesleyt4109 6 місяців тому +58

    You'll probably have an easier time finding a buyer at $50 than $5. That's just the psychology of markets. Most people buy high and sell low.

    • @MD-hd1cp
      @MD-hd1cp 6 місяців тому +7

      Exactly 💯

    • @SilverSeeker
      @SilverSeeker  6 місяців тому +6

      Yup... VERy true!

    • @alexiswong1317
      @alexiswong1317 6 місяців тому +3

      So true

    • @0101-s7v
      @0101-s7v 6 місяців тому +1

      Very true. When it hit $50, I called the coin dealer and asked if they were buying and they absolutely were.… just not at $50 per ounce. I forget what they were paying but it was much less than half of that.

    • @0101-s7v
      @0101-s7v 6 місяців тому +1

      I tried to sell some of my $8/ounce silver to a coin dealer when it was $50 per ounce and and they were absolutely not paying spot price. I forget what they offered, but it was less than half of the $50/ounce. It had something to do with inventory catching up to the market fluctuation. Now, if it stayed at $50, they would eventually pay that much, but not during huge fluctuations like that.

  • @StackWhatYouLike
    @StackWhatYouLike 6 місяців тому +9

    From my experience, the higher, the silver price goes the more people get excited about it, so I think there will always be buyers

  • @completezach3279
    @completezach3279 6 місяців тому +60

    Coin shops will buy gold for 2k+ rn, they'll buy $50 silver

    • @ItsEverythingElse
      @ItsEverythingElse 6 місяців тому +1

      Will they buy $4k gold?

    • @Brewdiver82
      @Brewdiver82 6 місяців тому +10

      @@ItsEverythingElse When gold was only 600 an oz nobody thought anyone would ever buy it at 2200. No matter the price, it will always be bought and sold.

    • @BENSTACKIN365
      @BENSTACKIN365 6 місяців тому +3

      @@ItsEverythingElse You talk like 4k is alot of money today😂

    • @bkturley9964
      @bkturley9964 6 місяців тому +4

      They will buy $50 silver, for $35-40

    • @Minty.Fresh.Tunes.
      @Minty.Fresh.Tunes. 6 місяців тому +2

      I came here to say this. Then they will take that $50 silver they just bought and turn around and sell it at a high premium to some rube.

  • @linneisenhower2571
    @linneisenhower2571 6 місяців тому +11

    I lived during the Hunt bros escapade and heard dealers were paying $40 when price was $50, they wanted room as they were suspicious price wouldn’t hold very long.

  • @frankj8585
    @frankj8585 6 місяців тому +6

    In 1980 the town I lived in all sorts of businesses were buying silver. There was a shop that sold and repaired washers and dryers that had a sign in his window “WE BUY SILVER”

  • @robertbush8327
    @robertbush8327 6 місяців тому +8

    IMO, most coin shops will stop buying if it gets that high. But I don't plan on selling unless it's really bad, mine is for retaining wealth and bartering.

  • @richardbrennan2913
    @richardbrennan2913 6 місяців тому +7

    So few people even own gold or silver. Plenty of buyers once it starts running

  • @lindathomas2350
    @lindathomas2350 6 місяців тому +9

    Just 10 minutes ago while I was listening to you I ordered a 10 oz Una and the lion. I've never had anything larger than 2 oz of silver so this was really different for me but I really love that image!

    • @0101-s7v
      @0101-s7v 6 місяців тому

      Feels good, don't it? :-)

  • @don951
    @don951 6 місяців тому +10

    Agree. There is always a buyer, just not at the price you might want or expect. At extreme highs it becomes a game of hot potato with nobody wanting to get caught holding when the bottom falls out. I was a freshmen in high school in 1980 and remember it well as I sold everything silver I had. Back then most people had household items like you said, so it was different. The United States didn't even have a bullion program and coin shops were all about the numismatic stuff. It wasn't even coin shops getting most of the business as popup "WE BUY SILVER" temporary stores were everywhere. It was a mad rush as nobody expected it to last. And of course, it didn't.

    • @SilverSeeker
      @SilverSeeker  6 місяців тому +1

      LOVE LOVE LOVE this comment thank you for the extra insight!

    • @TheMostSlyFox
      @TheMostSlyFox 6 місяців тому +2

      Retailers have no issue continuing to charge 100$ over spot when gold goes up 200$ quickly.

    • @edb3877
      @edb3877 6 місяців тому

      @@TheMostSlyFox Yes, they do but as the buyers we also have something to say about those prices. "NO SALE!" being chief among them.

    • @TheMostSlyFox
      @TheMostSlyFox 6 місяців тому

      @edb3877 tell that to all the fomo pushers and purchasers right now.

  • @killercows
    @killercows 6 місяців тому +10

    We had a store that sold silver chains. We sold them all in 2011. I have some silver coins now that I would sell in a heartbeat at $200.

    • @SilverSeeker
      @SilverSeeker  6 місяців тому +1

      Well timed :)

    • @brian56
      @brian56 6 місяців тому +1

      Like they say,never fall in love with an investment.

    • @edb3877
      @edb3877 6 місяців тому

      @@brian56 Exactly right, Brian. I made that mistake once, got burned, and never repeated it.
      That's the price of education and it is money well spent... IF you only have to spend it once.

  • @Truelegend86
    @Truelegend86 6 місяців тому +4

    I enjoy the hobby and while I’m sat here pissed out my face eating a pizza looking at my silver I’m at my best 😂😂😂to the grave it’s going 💪🏻

  • @shiningbright2649
    @shiningbright2649 6 місяців тому +12

    Imagine if you will a people willing to incorporate new townships where only Money is money and your dollars are no good here.

  • @jisskk28
    @jisskk28 6 місяців тому +25

    Who bought gold when it went from $250 to $800+🤪

    • @PumpkinKingXXIII
      @PumpkinKingXXIII 6 місяців тому +5

      Central banks

    • @scottwilliams5642
      @scottwilliams5642 6 місяців тому +9

      I bought all my gold at 250

    • @bobsilver3983
      @bobsilver3983 6 місяців тому

      My boss bought it in the early 70's for $40 something. The 1970's made us old people rich!@@scottwilliams5642

    • @Real-lq4fc
      @Real-lq4fc 6 місяців тому +2

      Not many. The masses always wait too late.
      The same as now. Not many bought silver at $15 or lower.
      But many bought at $28
      In 2020

    • @edb3877
      @edb3877 6 місяців тому

      @@Real-lq4fc "The masses always wait too late."
      Correct! The masses know their job and the title of that job is... bag-holder. I can see a time coming when the bitcoin crowd stay
      in BTC too long and lose their shirts. Until then, they can make some good money but overstaying their welcome is not advised.

  • @litigioussociety4249
    @litigioussociety4249 6 місяців тому +7

    Initially, there will always be a large gap between spot or market price and the price buyers will pay when anything jumps up, but someone will always buy with the intent to sell for more.

    • @TheMostSlyFox
      @TheMostSlyFox 6 місяців тому

      So gold jumps up, but people still pay the ripoff prices dealers want of 100$ over 'spot'. When gold falls back down, watch premiums skyrocket as they still want to 'rexoup' their costs, despite making a killing already.

    • @bigdaddyhoffman1911
      @bigdaddyhoffman1911 6 місяців тому

      You should open a LCS or try being a dealer I'm sure you could make a killing...LOL. "NOT"@@TheMostSlyFox

    • @litigioussociety4249
      @litigioussociety4249 6 місяців тому

      @@TheMostSlyFox Consumers are to blame for that. At the end of the day, if there's no demand to pay higher premiums, then they have to power them. A ruthlessly efficient shop would set the price of everything in their shop to what's most profitable; most shops probably try to go a little lower than that to avoid overpricing, same with most sellers of services and products.
      I think most of the stackers out here buy from the cheapest site at the time, because they have the lowest premiums, and it's easier to see what's in stock. That's why usually buy rounds, because they'll get down to around 24 dollars total when buying 20 or more, and then I let off when it goes back up. That insures I can sell if needed for what I pay or more within a few months based on overall fluctuations. I would say the primary reason to visit coin shops is for collecting. If you want to buy junk silver, and collect sets of years, it's probably the cheapest way. The average consumer is a fool when it comes to buying anything, which is why larger quantities of stuff are often priced higher per unit, and someone still buys it, or two stores have very different prices, and people who don't shop around pay whatever that store asks; see this on gasoline and groceries all the time.
      So in the end, it's probably not people like you or on this channel, but the dumb masses that keep the industry inflated more than it should be. The shop owners themselves will also have a similar range of shopping smart with some using wholesalers that are overpriced, failing to buy in quantities that are most profitable, avoiding weak merchandise, not knowing their consumer base, poor location, etc., which is why some businesses fail every year.

  • @brandonj3058
    @brandonj3058 6 місяців тому +9

    I don’t think I would sell at $50 I would start to convert to gold. Stacking is my main way to save

    • @markcowan3366
      @markcowan3366 6 місяців тому +1

      Would you do that if gold was $4,000/ounce? Gold/Silver ratio matters.

    • @brandonj3058
      @brandonj3058 6 місяців тому

      @@markcowan3366 it depends on how many ounces of gold I had anything under 10 ounces I would hold. Now if we’re talking 100 plus ounces I would definitely sell 20 😂

    • @0101-s7v
      @0101-s7v 6 місяців тому +1

      It certainly smart to add gold to the pile, if you don't have any, but "converting" it all is a bad idea. Sell some to get some gold if you need to but always keep some silver.

    • @brandonj3058
      @brandonj3058 6 місяців тому

      @@0101-s7v I appreciate the advice it’s definitely something I’ve been thinking about. When I first started stacking I was under the assumption that you wait until the gold to silver ratio became favorable for me to convert. Now I understand it’s ok to buy both

  • @Lee-v7u
    @Lee-v7u 6 місяців тому +9

    I think that IF silver spot goes up to $50 per oz (or whatever imaginary number) the most important component is your LCS. They will be in control! They may buy, but with any number of caveats.
    For example; they may not buy any sterling silver or kilo or larger bars.
    They may limit what they'll buy to a set dollar or weight amount per customer.
    They may only do so by appointment.
    They may only accommodate their regular customers...
    Forgetting about the potential for long lines, I'm not so sure it will be so easy.
    The moral of my story is; if you do not have a relationship with your LCS you may want to consider starting one. Just in case...
    I'm not a LCS owner/employee. But I have a relationship with mine. Just in case...😀

    • @edb3877
      @edb3877 6 місяців тому

      Good advice, for sure. It's almost always better to have more than fewer options, especially during hard times.

    • @jamesrevell6475
      @jamesrevell6475 6 місяців тому

      I've tried. Other stackers in my town have tried. The only LCS in my town is an a-hole crook. Our local pawn shops are better than the LCS.

  • @Uduplr
    @Uduplr 6 місяців тому +2

    With Phoenix, Arizona new semi conductor plant, I would imagine silver going up, yet not nearly as high as people think… but after a little bouncing around, I believe it will hit at least $30 an ounce to possibly as high as $33 an ounce.

  • @PumpkinKingXXIII
    @PumpkinKingXXIII 6 місяців тому +13

    I would trade 9 oz of silver for 1 oz of gold

    • @leswhite3846
      @leswhite3846 6 місяців тому +1

      Me too

    • @andrewenglish3486
      @andrewenglish3486 6 місяців тому +2

      Sounds like a better deal

    • @robertm2663
      @robertm2663 6 місяців тому +3

      Except it's almost 100/1.

    • @m.j.a.581
      @m.j.a.581 6 місяців тому

      ​@@robertm2663On a manipulated market, yes but thats not the true ratio. More like 8 to 1 or 7 to 1.

  • @johnbethea4505
    @johnbethea4505 6 місяців тому +4

    Back then i bought plenty of silver and silver things. Someone will always buy your silver. A loaf of bread was around 20 cent when silver was $50 oz

    • @edb3877
      @edb3877 6 місяців тому +1

      Yes, I remember buying 5 loaves of bread for $1 and then sharing them with other family members before they could spoil.

    • @johnbethea4505
      @johnbethea4505 6 місяців тому

      @edb3877 I worked at the A&P, and Ann Page bread 🍞 always sold their bread for 5 for a dollar for years. Now inflation, which makes the dollar worth less, makes things cost more..

  • @ItsEverythingElse
    @ItsEverythingElse 6 місяців тому +1

    The issue is never who will buy, the issue is for how much.

  • @angusmcprepper9379
    @angusmcprepper9379 6 місяців тому +1

    I got lucky with the timing of selling my "ugly" silver and gold in 2011. An old ten oz englehard bar, old sterling jewelry, 10 & 14k gold, broken chains, foreign silver, and some junk (constitutional, now called) silver.
    I'd been stacking for a while by that time.
    Now, I don't plan on trading any pm for us fiat. I'm 65yo, and MAYBE if I make it to 75, I'll reconsider.
    Thank you for sharing your knowledge and opinions.

  • @Alley-ue8xl
    @Alley-ue8xl 6 місяців тому +1

    There is always a buyer forever seller. That is what makes a market

  • @davehenderson7846
    @davehenderson7846 6 місяців тому +3

    I would only sell if I needed something for a SHTF scenario as a prepper. Maybe get some night vision...

  • @jasonking7729
    @jasonking7729 6 місяців тому +2

    I'm "young" enough to remember finding mercs in circulation several times a year. 😅

  • @toddh2000
    @toddh2000 6 місяців тому +13

    Silver won’t go to $200 unless the USD crashes. I own some as insurance, but hope I don’t need it.

    • @edb3877
      @edb3877 6 місяців тому +1

      Right, same with ANY type of insurance. It's there just in case things go badly.

    • @user-gt4jz5ps8s
      @user-gt4jz5ps8s 6 місяців тому +1

      We're probably gonna need it. JS

    • @markcowan3366
      @markcowan3366 6 місяців тому +1

      If the dollar crashes and silver goes to $200, milk will be $50/gal lol. We're just screwed at that point.

    • @robertgarrett7007
      @robertgarrett7007 6 місяців тому +2

      You can afford $50 milk if you have plenty of precious metals

  • @ndbg46881
    @ndbg46881 6 місяців тому +1

    I was there in 1980. Understand that silver coins were much more easy to come by back then. I had about 50 silver Kennedy halves that I received as birthday presents in the 60's and 70's. When silver hit sky high, my Dad and I had no problem selling at spot. I was in College and that money went a long way! There weren't lines, silver coins were not an oddity so no one paid attention to them. Just my experience!

  • @bradwilliams4919
    @bradwilliams4919 5 місяців тому +1

    It comes down to demand. Someone is wanting to buy it, thus $50/ounce. Supply and demand.

  • @MWT5428
    @MWT5428 6 місяців тому +3

    I wouldn’t sell it for Fiat currency. You ever seen a country change its currency I have. And if you had the old they didn’t replace it. I’ll keep my silver and gold. Glory to GOD!

  • @robertgarrett7007
    @robertgarrett7007 6 місяців тому +1

    I received a 90% dime in change a couple weeks ago.

  • @ScottsdaleMint
    @ScottsdaleMint 6 місяців тому +4

    We'll still be buying! 👋We've got some new vaults to fill up. States are starting to get into the precious metals game. It's going to be a great decade.

  • @RandThompson-dd3sk
    @RandThompson-dd3sk 3 місяці тому

    In the 80's local car dealers were giving $50 for face value for silver . Cash or deposit/down payment. With HUGE advertising!

  • @geraldtrudeau3223
    @geraldtrudeau3223 4 місяці тому

    I remember in 1980 my wife and I had some silver pieces that we inherited and it just held on to since we were married. Well, when the price went through the roof we figured to heck was sentimental value. We went for the cash, and we really didn't have any trouble selling it. We ended up with $5,000 in 1980 dollars. It was quite a windfall for us.

  • @interpolagent9
    @interpolagent9 6 місяців тому +18

    First, don't sell to an LCS. Sell small amounts privately.
    Why would any sane stacker sell to a business?
    Do business in person.

    • @grantog123
      @grantog123 6 місяців тому +1

      True. I wouldn't want to buy from an individual, though. How to verify?

    • @radmirov8541
      @radmirov8541 6 місяців тому +3

      @@grantog123 It is very easy to test and verify the authenticity of silver. There are very simple tests one may perform. So yes, selling silver directly to another person is perfectly fine and practical.

    • @mmarmrcz6770
      @mmarmrcz6770 6 місяців тому +2

      @grantog123 Get a sigma, a scale, and familiarize yourself with the products you're buying.

    • @medhead964
      @medhead964 6 місяців тому +1

      Sometimes you need to liquidate a large amount all at once to cover an emergency, a major bill, or EFFIN TAXES... it's hard to find an individual that can cover 300 ounces or even one AGE these days. There's no real reason to sell small amounts, because if you need to sell small amounts then you shouldn't have bought it in the first place. The only time I've ever sold any of my stack was to fund a down payment for acreage, and it wasn't just a tube of rounds... Luckily my LCS typically has cash on hand for large transactions.

  • @mikesemones8333
    @mikesemones8333 6 місяців тому

    Been playing with silver for years,what makes it fun is that it is so volatile and you always have options to buy on the dip and hold and sell for more,can't bring myself to send coins off for melt,unless they are severely damaged,great video.

  • @TheQuickSilver101
    @TheQuickSilver101 6 місяців тому +1

    I'm not going to try to fool myself, I have silver that I'd sell if it hits $50 an ounce. I also have silver that I wouldn't sell for $200 an ounce under the conditions you mentioned. I love silver and I'd never sell it all but I would for sure be willing to sell some to buy more gold. Thank you, Seeker

  • @Jrome3
    @Jrome3 6 місяців тому +2

    Easy to sell but if it hits 50, the LCSs will offer 40 - 45 at best.

  • @michaelgoldman3812
    @michaelgoldman3812 6 місяців тому +1

    Why would anyone sell most of their silver for $ USD's when the dollar will be worthless very soon ?

  • @michaelharris6157
    @michaelharris6157 5 місяців тому +1

    Once It breaks $55 selling at $50 will seem cheap. Dollar is going down and we make very little so it’s a matter of time

  • @bujmoose3992
    @bujmoose3992 3 місяці тому +1

    For it to climb that high, someone has to want to buy it.

  • @MadMaxMFP-dc6kw
    @MadMaxMFP-dc6kw 3 місяці тому

    I have never ever had to sell for less than spot on anything. If you have to sell for less then find another vendor you’re getting ripped off. Most dealers have to pay a little over spot even for rounds. Any profit in the coin business is a profit. A lot of dealers buy ahead and then get clipped when silver drops so the have to make up for their loss. Profit margin for reputable dealers is about 2% after costs. That’s not bad because I don’t want to climb into a cave, dig, carry, smelt, refine, box, transport, unbox, set up, sell,package and then report my earnings and get taxed 38%. I just want to go to Casey’s, talk some BS, but my silver and gold, thank him for being there and leave with a smile 😊

    • @SilverSeeker
      @SilverSeeker  3 місяці тому

      A dealer friend of mine had a sale the other day... only 25 cents over spot. Do you REALLY think he is ripping people off by paying 50 cents under spot when he was only selling for 25 cents over? That's a 75 cent profit... that's it! He sells a full tube for $600 or so, he makes a whopping 15 bucks! If he was paying spot that drops to $5..

  • @rufferto5429
    @rufferto5429 6 місяців тому +1

    If I could SELL silver for $50 per oz. (or a little less), I would try to sell about one quarter of my stack because that would bring my cost per ounce of the silver I didn't sell down to around $15 per ounce. I figure spot would have to be in the mid-50's.

  • @josephnoneofyourbeeswax8517
    @josephnoneofyourbeeswax8517 6 місяців тому

    If there is a run of people selling silver the price will go down unless industrial demand is up. Supply and Demand.

  • @lindathomas2350
    @lindathomas2350 6 місяців тому +1

    My silver is for bartering not for selling off when it goes high.

  • @darrensoldan5972
    @darrensoldan5972 6 місяців тому

    The more it goes up the more people want it. That’s why it’s good to buy it now while the price is low.

  • @richardmetcalf2346
    @richardmetcalf2346 6 місяців тому

    In 2011 people had no trouble selling, but buying was brutal on cost dollar averaging.

  • @Larry-wz5kf
    @Larry-wz5kf 5 місяців тому +1

    5. Lbs. Of. Silver 🥈. _. 80. Ounce. Of. Silver. ! Junk. Silver. Is. The. Way. To. Stack. Silver. !

  • @RaspingPompano2
    @RaspingPompano2 6 місяців тому +2

    I would hope so but right now we’re using it as a savings account not really an investment. The end of April we’re going to start buying an ounce of gold every month plus a little silver monthly. It’s so much easier to spend cash or use a debit card but there is a process to cash in gold or silver so you’re less likely to do so just to spend it on non essential items and only use it for emergencies purposes.

  • @billsalcido7878
    @billsalcido7878 6 місяців тому +7

    If it gets to $50 would you even want to trade silver to dollars??

    • @ericmay8937
      @ericmay8937 6 місяців тому +2

      Nope

    • @musicman7297
      @musicman7297 6 місяців тому +2

      Nope.

    • @al77288
      @al77288 6 місяців тому

      Gold

    • @DS-tt9vz
      @DS-tt9vz 6 місяців тому +1

      Unless I have a better reason than collecting paper I'm holding. Depending on the GSR I would give thought to converting some (not all) to gold.

    • @musicman7297
      @musicman7297 6 місяців тому

      @@al77288 LOL 😂, if silver hits 50 gold will be 4,000.

  • @GregoryLong-zk3ry
    @GregoryLong-zk3ry 6 місяців тому +2

    We love to hear the numbers....but , we don't want to face the reality..we'll never even break even.

    • @edb3877
      @edb3877 6 місяців тому

      Most people who have stacked for years are already well into the black on their silver and gold. Only those who bought recently at or near a market high are in the red.
      This is why it is important to set limits on the prices we are willing to pay for things. When something we want exceeds that price, stop buying it and wait for lower prices.
      Growing our wealth can be a difficult job that lasts most of our lives but it gets a lot more difficult when we are willing to buy at any price.

    • @yourewrongdontargue6565
      @yourewrongdontargue6565 5 місяців тому

      depends where you live.... ive more than doubled my money in gold and silver in Australia

    • @DonaldMerrit
      @DonaldMerrit 5 місяців тому

      I started buying silver eagles in 2012 I believe. I recently sold one of my rolls for twice what I paid.

  • @richardmetcalf2346
    @richardmetcalf2346 6 місяців тому +1

    You absolutely could sell it! You might have to get back of spot a bit, but I didn't have any problem in 2011.

    • @sailfly2869
      @sailfly2869 6 місяців тому

      What goes up will definitely go down, especially during these times. Nothing is safe.

  • @al77288
    @al77288 6 місяців тому +2

    I plan IF it hits $45( up @ +$20) to trade up to Gold. But only 40% of my stack.

  • @ExtractingMetals
    @ExtractingMetals 5 місяців тому

    The issue with silver is it is too affordable. This attracts weak hand investors who cannot afford to hold it through the volatility. Therefore, every time the price goes up slightly, those weak hand retail investors sell. This pushes the price back down.

  • @maximummilitiaimmaculataem883
    @maximummilitiaimmaculataem883 6 місяців тому

    It’s called a store of value. It will be traded to banks for a brief period to decrease fiat debt, before being made illegal once the CBDC “mark of convenience” system is introduced. It will then be a store of value for bartering for those who do not accept the mark to be able to buy and sell

  • @DaleRaby
    @DaleRaby 6 місяців тому

    Initially, I think potential buyers would have a "wait and see" attitude. If the silver stayed at that level for a while or started to rise again, you would have no trouble selling it... though I think I would be watching the gold/silver ratio and possibly trading up to gold. Selling it at $50.00/oz would not necessarily be a smart move. A high silver price means that fiat money is worth less than it is now.
    Moving fast is almost always a bad idea in matters of finance (among other things). If the financial system collapses (quite possible), your silver will still have value eventually, but fiat currency will be gone with the collapse of whatever regime you live under.

  • @FreeAmerican-mm2my
    @FreeAmerican-mm2my 6 місяців тому +4

    Depends on what else is happening. Has the dollar collapsed??? Has gold increased accordingly???

    • @SilverSeeker
      @SilverSeeker  6 місяців тому

      Agreed as I said in the vid. :)

  • @toddwilson6557
    @toddwilson6557 8 днів тому

    You will always be able to buy and sell it. You might have to sell it for a small discount at elevated prices. You might not have to sell it at a discount.. depends on the length of the momentum!,

  • @brandonmanks9804
    @brandonmanks9804 6 місяців тому +1

    Just found a receipt for 40-2012 1oz libertads I paid $926.40

  • @gardengirl6799
    @gardengirl6799 6 місяців тому

    My local coin shop, east coast, holds his buying and selling to one person to 50,000 per month. That works for me😊

  • @ltcajh
    @ltcajh 5 місяців тому

    If people want out of dollars they’ll buy. In 1980 I was 20, but was starving for dollars, not silver. The economy was horrible!

  • @borisbuliak3626
    @borisbuliak3626 6 місяців тому +1

    How about the 2011 price? LCS losing $ is on their dime.

  • @rexhorning7228
    @rexhorning7228 6 місяців тому

    Taking gains or profits is the whole point. Selling at the highest point is the objective.

    • @SilverSeeker
      @SilverSeeker  6 місяців тому

      Not always... I don't stack Silver to make profit but that doesn't mean I wouldn't take opportunities

  • @myshow667
    @myshow667 6 місяців тому +2

    im holding out for the 300 an oz we heard about all last year

  • @1972Russianwolf
    @1972Russianwolf 6 місяців тому

    if everyone is trying to sell, prices will go down. The only exception to that rule is if consumers are selling but industry is buying. If the price is up because of increased industrial demand, then the consumer market will have little effect on prices and dealers will be buying it to sell to industries. Premiums may actually go up if that's the case. But dealers will be selling it for more than they buy, that is always true.

  • @stevepederson9378
    @stevepederson9378 6 місяців тому

    If pawn shops won't pay spot now, there's no way there paying it when it hits 50. Yet they'll gladly sell it with a ridiculous premium.

    • @DonaldMerrit
      @DonaldMerrit 5 місяців тому

      In my opinion pawn shops are not the place to buy silver

  • @mmarmrcz6770
    @mmarmrcz6770 6 місяців тому +9

    If Ag went up to $200 melt per toz, I'd SELL IT ALL.

  • @nickelstacking2023
    @nickelstacking2023 6 місяців тому

    $100 and you have fewer people buying and local dealers might offer $70. The big boys that deal online will still buy it.

  • @nickelstacking2023
    @nickelstacking2023 6 місяців тому

    I remember 1970's , and the inflation. People were still buying at $49. People thought it was going to $100 . I would sell at $200 .

  • @byteme0000
    @byteme0000 6 місяців тому +1

    Look, it's a supply-and-demand situation. If the demand for silver is higher than the supply, then prices will rise, and those who want/need silver will pay it... regardless of the price. Conversely, if the demand for silver drops because of an oversupply, so will the price. The other reason that the price of silver would rise--the "price" being measured by your country's fiat currency--is because the currency is going down the toilet; again, people will be desperate to get rid of their fiat for gold and silver and will pay the going rate.
    Edit: Btw, with regard to the point about silver price manipulation by COMEX and the big banks, here is something to consider. At some point, something is going to happen, and one of the parties playing games with derivatives is going to have to demand actual physical delivery of their silver. Watch what happens to the price of silver when that happens.

    • @SilverSeeker
      @SilverSeeker  6 місяців тому

      Thanks for the edit, I was just about to comment: "Not necessarily... the spot price is based off of the COMEX paper price, demand for physical stacking "investment" Silver has almost zero effect on it."
      Thanks for the comment also!

  • @darrylmudge9285
    @darrylmudge9285 6 місяців тому

    Nothing will change. Coin dealers will still buy and sell. Premiums may change (higher) due to the cost of cash interest. If silver hits $50, someone is buying to drive it to that price.

  • @ScottJ-l4z
    @ScottJ-l4z 6 місяців тому

    I sold 100 Morgan silver dollars to my local coin shop in the 1980s during the rush and they paid me spot. It was a ton of money and the day that I sold my silver dollars there were at least 100 people in line. It was definitely a selling frenzy. Everybody were selling their candlestick holders and silver bowls and everybody was buying your silver. There were no issues in finding a buyer. It was definitely silver madness.

    • @brian56
      @brian56 6 місяців тому +2

      I hope none were from the Carson City mint!

  • @JimmyLicari
    @JimmyLicari 6 місяців тому

    I think that no matter what the market volitality or the dramatic swing in spot prices for precious metals, there will always be buyer's and seller's.

  • @indyhitman7538
    @indyhitman7538 6 місяців тому +1

    Silver hits $200 an ounce and I'll hold it cause at that price I'm pretty sure the dollar has collapsed

    • @SilverSeeker
      @SilverSeeker  6 місяців тому

      Well like I said in the video, I'd only sell at $200 if it's NOT because the dollar collapsed. The dollar didn't collapse in 1980, and adjusted for inflation it hit about $200 back then.

  • @harryzero1566
    @harryzero1566 3 місяці тому

    The person who buys it, will already know who they are going to sell it to, so if they can't sell it you won't be able to.

  • @TheSecondHandler
    @TheSecondHandler 6 місяців тому +1

    Great video!

  • @DavidSmith-ox4tu
    @DavidSmith-ox4tu 6 місяців тому

    In 1980 I was selling $1 silver for $12 at a small convivence store in Tacoma Washington Lincoln district.

  • @matthewhester5891
    @matthewhester5891 6 місяців тому

    Soon as gold gets too high for average person, they will buy into silver… then once silver too high for average person, they are screwed

    • @kevinbarry6552
      @kevinbarry6552 5 місяців тому

      They will buy copper when silver is to high

  • @DarinLAllen
    @DarinLAllen 6 місяців тому

    It will be easy once supply and demand correct in the US. Demand in the world is skyrocketing and silver come out of the ground is decreasing.

  • @Blue_Siberian
    @Blue_Siberian 6 місяців тому +1

    Informative great show

  • @tobyh3681
    @tobyh3681 6 місяців тому

    This topic has been brought up before on other channels as well. One thing that is an important factor to remember is that less than one half of one percent of the U.S. population even owns any metals so I don’t think there would be much of a flood to sell as everyone thinks. If there is it would be very short lived. Just my 2 cents.

    • @russellking1924
      @russellking1924 6 місяців тому

      There would be a flood to buy. That might be short lived.

  • @medhead964
    @medhead964 6 місяців тому

    If I were a bullion dealer or anyone that deals in physical metals, before I would buy anything at an overly inflated price, I'd have to see it trending that way for several days at a minimum, better yet at least several weeks. Dealers especially need to make a profit, obviously, to keep their doors open and stay at position with their inventory vs cost/demand, otherwise too big of a hit could sink them.

  • @swilliams937
    @swilliams937 6 місяців тому

    As you said, Seeker, as long as dealers can promptly turn it over at a profit (even if primarily to the refineries), they'll continue to buy from the public. If that dried up, then all bets are off. Have a good weekend.

  • @pauldockery1747
    @pauldockery1747 6 місяців тому

    When I was ask "who will buy it when it gets that high" my response is simple nobody wanted bitcoin at $300 everyone wanted it at $50,000. Seems to me that people want to buy when it's high I'd rather buy when it's low

  • @kiwiingrid
    @kiwiingrid 5 місяців тому

    Gold gets sold and brought every day, silver will be no different.

  • @KurtOnoIR
    @KurtOnoIR 6 місяців тому

    I think if it goes that high it'll be in demand. Just like before. It was high for a reason.

  • @dglass2008
    @dglass2008 3 місяці тому +1

    My silver is going straight to $2,700.23 an ounce! With war on the horizon, and legislation to reinstitute the draft, that thats a conservative estimate!

  • @stephenw1799
    @stephenw1799 6 місяців тому

    Easy sale in my country, sell at jewellery auctions. 1 OZ rounds and bars are currently selling 30 euro and above.

  • @FrankieJizking-js3yv
    @FrankieJizking-js3yv 3 місяці тому

    Thank you for information. I thought spot or bid price was the expected price. I only buy pieces that I like to collect but going forward, I will stop buying generic bars and US eagles, because I already have enough examples of them in my collection. Now I have to see if gold is sold the same way.

  • @Jsimm62581
    @Jsimm62581 6 місяців тому

    It's all about suply and demand

  • @mafiawarsdad
    @mafiawarsdad 3 місяці тому

    Holding my silver for collapse. Not planning to sell for a profit. Just don't feel like I have enough for that.

  • @hbendzulla8213
    @hbendzulla8213 6 місяців тому

    Sooner or later what ever the price of silver or gold will be, most of it used for money.
    We know that one of these days paper money will be nothing.

  • @IvanButtkoff
    @IvanButtkoff 5 місяців тому

    If the spot price and the ratio were right I’d swap some silver for gold.

  • @shaunsprogress
    @shaunsprogress 3 місяці тому

    Look at m2 money supply. If it hits 60tln in 2040, at the current rate of growth, silver will be about $94oz.

  • @brian56
    @brian56 6 місяців тому

    Silver has many uses in the industrial, medical, and technological fields. It will always have buyers waiting especially when it starts running short supply.

  • @josefunez397
    @josefunez397 6 місяців тому +1

    80 ounces of silver in bars!

  • @blacky4804
    @blacky4804 3 місяці тому

    as long as silver gos up slowly ...there will normal trading.

  • @billdillon3886
    @billdillon3886 6 місяців тому

    I buy mainly BU junk quarters and halves. In 5 years they have doubled. They have silver and numismatic value. Junk silver is also recognizable, so will be a more acceptable currency.