Dollars can buy silver and gold? I agree it's just paper but It can be used to buy everything. Fiat currency loses all value eventually, ie Wymar republic. I'm guessing the dollar will be reincarnated as a cryptocurrency.
2 Silver Dollars Back In The Day Would Fill Your Car's Gas Tank! Today That Same 2 Silver Dollars Will Still Fill Your Gas Tank - "Because Silver Holds It's Value"
Thank you for posting this video! I am currently in the midst of writing a 20 page paper on how going off the gold standard during the Civil War and again in 1933 during FDR administration adversely affected the US economy. I was able to ascertain some good solid information from your presentation; thanks again!
Love the way you explain things for the people , Your the first person to truly do that, not all Glitz and glamou,,,r but education!!! .. perfect explained, , great job bro
I went online to buy some silver (in UK). Spot price was just over £11 but they were asking just over 16, then VAT was to be added at 20%. So I would have to pay 80% over the spot price which is a big ask.
@@lukewilson3271 the holes in the morgan and peace dollars were usually for kids to tie the money to the inside of their coats so they wouldnt lose the money. Kids lose shit, and given the circumstances of the great depression, losing a silver dollar was a big deal that could have been the differencd between life and death
Always need some silver and gold if you can. I talk about the need for having it on hand for trade. Inflation could be a killer. Time will tell. Keep stacking everyone!
One point that I disagree with. The premium on silver WILL fall back to under $1 over spot IF silver prices are kept low enough for long enough. It's just a matter of speculation right now as almost everyone in the community (including me) believes that silver spot should be much higher. But if it stays sub $15 until fall or so, NOBODY will be paying spot + $5 for physical!
They will if there's still demand and low supply. We are seeing a lot of out of stock, but there's some new inventory coming in. Just not as much or as easy because getting the material from one country to another is made difficult because of this "pandemic".
I've been collecting and following silver and gold since 2006. I'd love to see physical currency return to a precious metal currency. However, my experience has been that silver is a bit of a pyramid scheme. People get into it because they are told one day it will be the post apocalyptic, post societal breakdown currency. Or that one day it will return to a higher value in relation to gold or be a store of value against a crashing fiat currency. So they start stacking, only to find that it doesn't have much value, and doesn't go up significantly in a crisis. So to create demand and increase its value they start recommending that others buy it. And this is the bit that worries me. Are silver stackers really interested in me doing well in a barter system society, or are they trying ensure that there is enough other people willing to recognise silver as currency so their own stack will have trade value? Or are they trying to increase demand now and raise the value of their own stack? Honestly I would love silver to be the main cash currency, but it might just be a fantasy that I hope will come true if I can get enough other people to believe it.
I stack silver first for its industrial demand followed by possible monetary use. In the end, unlike paper currency, I am hoping silver will never be worth nothing. Thanks for sharing.
You brought up many good points, but just look at human history. Most of our history of civilization, minus the last 70 yrs, gold and silver have been money. It became more valuable, so it was taken out of our everyday use as money. They became valuable commodities. It's about logic, history and faith that are on the side of gold and silver, much of what we lost in today's society.
@@lamarravery4094 Ezekiel 7:19 has a good warning about silver. But regardless in a real crisis, olive oil, salt, food, tools, fuel, generators, dried beans even all make better resources. I could imagine in a society that didn't have the internet anymore and started to have an excess of food and labour, a precious metal currency might be useful again to transfer value from one place to another.
@President Analysis depends what form that silver is in. If it is just a generic silver bar, that is a pretty big premium. 1 kilo of silver has a going rate of $472 right now. For 1 kilo silver bar I wouldn't personally pay over $600 right now. If it is in the form of 32 1oz ASE's, $720 is the current market rate for them. Not getting a deal, but not getting robbed either.
Hey brother got my platinum seeker card today looks awesome and I enjoy your energy and personality super awesome and kick a$$ keep your chin up and goals high.
wow...great info there , alot i didnt think about or know ...thank you for sharing that with us.....we appreciate your input, and the great information. SALUTE .....take care, stay safe ....and keep em coming.
Precious metal dealers are currently offering to buy back silver from their customers at spot plus a premium. That says something about the current value of silver.
Lol, all that says is they are trying to prey on the desperate. It’s gross! They know silver spot price is down and premiums are almost as high as the spot price in some places. The dealers know at spot plus the maybe $2 premium they are willing to pay you will net them money. If you bought a silver eagle at $15 with a $2 premium that’s $17, dealers now want to pay you spot $14 something plus $1 over spot. They just made money while you lost, and then they will charge $25 for the same eagle they just bought from you.
@@wilhathaway1987 Free market has pro's & con's like everything else...Freedom of "choice" is up to the "buyer"...Still can't beat free enterprise; Government controls, and pissed off whining customers who "know better" is how we all got in this situation...LOLOL
The ""real" value of silver IS spot. Silver is a PLENTIFUL industrial metal that has not backed currency since the 30's, and is traded on the stock market like any other metal. Only 30% of silver ore mined today goes to bullion coins/bars. The ONLY reason AMPEX and other major silver retailers are out of stock, is the same reason toilet paper is out of stock...because nothing fights the Corona virus like a silver eagle wrapped in toilet paper. (Hoarding). For AMPEX to charge $8-$10 over spot for a coin they won't even have in stock for 3 weeks... is PRICE GOUGING. And yes, they WILL pay you $1-$2 over spot for your coin, so they can resell it for $8-$10 over....that's a better profit margin than before the crisis (for them). To profiteer off of a crisis is kinda sleazy. Charmin has not doubled their price of 3-ply up because shelves are bare. Best bet is to chill on buying silver until the hoarders are through throwing money at dealers, and prices come back down to close to spot.
@@Skulllywag slight problem with your logic there... if silver is plentiful and can be bought at spot without issue... why would dealers pay ANY premium? Your story holds up if mining and minting returns to 100% capacity in the immediate future... will it? I have my doubts.
@@Zaphod7835 Re-read my statement. I've already said why dealers are paying premiums. As long as people are willing to buy minted coins and bars....they will keep making minted coins and bars. People freaking out and hoarding is why you can't find silver coins or toilet paper right now. This is a pandemic, not the zombie apocalypse...things will get back to normal.
Silver solder is a great use for silver, colloidal silver, etc. Also gold is one of the best semi conductors, and there are stories from ancient ruins that bags of gold dust were discovered that they called mana, that was believed to be ingested and have immense health benefits, such as reducing the aging process
Excellent explanation and True. I like how you tied it to the Futures Rigged Market system. That in itself has destructive consequences plus many other other instruments. Sound Money is what America needs again.
USD being the top global reserve currency printing money works at the expense of the rest of the world. US can continue doing this for awhile as long as the rest of the world conducts business with USD. it's a lot more complicated than that but generally America must maintain hegemony for this to continue. Keep stacking!
I think it wise to buy silver and gold because the paper currency will bottom out. Paper money will be worthless. I only wish I got started buying silver 10 years ago.
Great video bro. A year later the amount for 1 oz. silver to back the fed note on the US debt clock is double (around 4k). There's a term for this phenomenon and I can't recall what it is
Why is it that ebay has 5 silver eagles for 140? Or the maple silver for 25 each?? Is that worth it knowing the price if silver sits around 15-16 bucks per oz?
Thank you. I was looking for clarification on gold and silver prices. Everything's so volatile right now. You can see everything but the truth. Still not sure how useful it will be later on.
I love how you used the same gallon of gas comparison I try to use. With me, I usually also add that a silver dime still buys a gallon of milk, dozen eggs or loaf of bread. Also, why do you not have that proof Benji on the left of the pile in even a snap-tite?
With that check would you think it would be wise to buy a roll of silver dollars or get the gold eagle I was thinking??? Year I would have to put an extra thousand into it but would it be wise in your opinion???
I may be wrong having stacking silver on and off for 40 years and get a really negative feeling right now just don't see it ever getting over and staying over $20 in the next 5 years
The PHYSICAL price is separating from the paper price and the degree of separation will only become greater as 2.2 trillion ,covid -19 stimulus dollars enter the market.Availability is diminishing.
as far as inflation goes its kind of a mixed bag i think but the combination of events is unprecedented in our time. i like to bring up the equation of exchange from monetary theory.... M x V = P x Q Money supply x Velocity = Average Price x Quantity for example, if we had a 20 trillion dollar economy where everything cost $1 and money circulated 4 times per year...we could play with the numbers like this... 5 x 4 = 20 x 1 In the simplest terms we could say that printing money and giving out trump bux means prices must go up, but it isn't always that simple. The 2 trillion in expenditures and the 4 trillion in liquidity is more a sign to me that their economist predict V is getting CRUSHED making the the 2 and 4 trillion warranted. because M x V = GDP as well and rising M can offset a falling V....in theory We know the money supply and going up and we also, know that velocity of money is getting crushed. How much they overshoot or undershoot will determine a lot. They are just trying to throw some kind of plunge protection under this crisis. On the other side of the equation, we also know that Q is getting demolished because soo many people are staying home Then in this equation GDP = C + I + G + Net Exports we can assume consumption, investment, and net exports will get crushed with only government expenditures rising to break the fall. The dollar has been strengthening which hurts exports.
Premium is actually price. The concept of premium is false because it implies it's related to something valid when in fact it's above something that's erroneous. As you point out spot price is based on the derivatives market, so you have to wonder why bullion dealers continue to use it. In my opinion it's laziness to create a true pricing mechanism for physical silver and gold.
Premiums and spot price aside, I was buying random junk silver from APMEX and JM for 13 times FV three weeks ago, and now it’s listed for 17 plus times. Supply and demand, lots of people got worried and bought everything up so I doubt prices will normalize until their inventory goes back up.
Like #170 Hey Seeker! And thats just the debt clock per oz produced globally per yr in dollars printed 😂 now add all other currencies printed against it as well. Eu, china 😂 i think we need to see global clock bro! Theres a project for a good vid! 😉 add em all up sycronized into one data stream. 😊😜 i kno you got the skillz bruh! 😂 Keep Pushin! P.s. we gonna need a big azz clock! 😂
What you say is what scares me. The "hidden" Govt move is the unknown. What move does the elite come up with to side step all this debt? The U.S. mathematically will never be able to pay, so how are they gonna get out of this? How are we gonna get screwed again?
Yep. Our Fiat currently is backed by debt, a promisary note they can't back. It's wild that when gold and silver was money, the GSR was like 12 or 15 to 1? Wild. Yet this clad ordeal is unconstitutional. A clad quarter today melts down to about $0.04 where a silver quarter melts to about $3.50? $3.25? Something like that
What's the tax on silver in the USA? I just bought a small bar of platinum; in the UK the tax on that is 20% + the dealer's premium. I think silver is the same rate. It's miles away from the spot price.
Thankyou Silver Seeker. I don't know if it's right or wrong, but after paying the dealer premium - I can live with that part, that's just the free market doing it's thing - the taxes make me feel like I am being cheated.
Wow cool! I just bought $50 face value of silver Roosevelt dimes and including tax I payed $78.50 for $5 face.... I figured it is an ok deal. It was a total price of $785.00!
I have a question about the debt clock figures. You pointed out that silver would be just under 2k per ounce to cover all our money, and gold would be 16k or so. What would be the approximate value of silver if we were on and silver and gold standard? As in, if silver didn't need to cover or back every dollar, but was half of the equation and gold was also in the mix? Thanks.
What is our dollar backed up on? I'm 50 and I still don't understand how it works. It's like we just keep printing money. what happens if someone walks into a bank with $5000 and asks for silver or gold? Our money system is a joke and how it works still boggles me.
Silver Seeker, thanks for this vid, NOTE the reason silver won't get to $2000 an oz is Gold & Silver are being controlled like in when the Hunt Brothers did it. So either JPM and likes and others are manipulating Gold & Silver don't you think? Thanks
What happens in the event of a massive short squeeze on silver? Does SLV skyrocket or crash? I’m not expert enough to say it’s a flaw in thinking to say the real value of silver is based on a ratio to the dollar, but that hasn’t mattered in almost 50 years and unless globally we go to au and Ag std it won’t ever again. Also as an aside there’s no limit to au/Ag ratio; yesterday was 16/1, today ~115/1, tomorrow 200+/1
Brought a Kilo Bar last week,$1050 NZ,works out at $33 per ounce,cheapest way to purchase Silver also a 1 oz Dragon bar for $50,high price but will increase in value very quickly. Aiming for 1000ozs by the end of 2021.
Just think of getting paid once a month and getting one or two 1ozt gold pieces. Biting down on them to make sure they are real! Sweet! Having my renters pay me in 1 ozt silver coins or fractional gold. I love this thought.
I have been in the silver recovery / refining industry since 1992, the true price of silver is the price someone is willing to sell it and someone is willing to buy it,
Silver is highly undervalued because there is no true price discovery because of manipulation.Robert Kiyosaki and Greg Manarino both say silver is the most undervalued asset on the planet.
@@loubrok1550 more then toilet paper? and see that is my point. though i agree it is undervalued its what a person is willing to pay for it and sell it.. i paid $10 for a 6 roll pack of TP. is that its true value? it is now lol
@@HR-rt9nh No, $10 for a 6 roll pack of toilet paper is not its true value.However the market makers can control 5000 ounces of silver (THAT THEY DONT HAVE)through leverage for $150 dollars ,is that its true value?If the silver to gold ratio on paper is 110:1 but it is being mined out of the ground at 9:1,does that show true price discovery?lol
Back in 2015 I decided to invest in precious metals but wasn't sure if gold or silver would be the best for me so after doing some research I decided on silver. Today I'm feeling a little foolish as gold increased by $700 while my silver dropped $4.00 an ounce.
Remember why you invested. You have not lost unless you sell out. If you feel really bad about your purchase, email me and I will take the coins off your hands for a fair price. Honest.
@@SilverSeekerI have a lot of silver cutlery, bric a brack over 500ounces of sterling silver would never sell family Heirlooms but would this be as good as an investment as stacking silver dollars etc?
I have the same thing 1937nickel with Indian and buffalo it’s in great shape and got Letter think it’s D . I want to sale it . It was a buried when we’re digging to plant tree so long must be it’s oversea when they have Americans I’m out country to fight back from Japanese .
The price of silver will actually to a price that is much, much, much, higher than that, it might take years to do it , but, at the end time, the Angel Gabriel stated that "The price of Silver is "Much Higher" than the price of Gold".
New to your channel. Great show. How do I purchase Silver one ounce coins for the best price? Example: I want to buy 1k worth of coins in silver. Where is the best deal on how do I find it?
Silver or gold is money, the paper that you call money is just "currency"...
Mike Maloney would agree.
It's called fiat money
@@krackshot322 Technically, there is no such thing. Fiat by definition means "of no intrinsic value," where money is a store of value.
Dollars can buy silver and gold? I agree it's just paper but It can be used to buy everything. Fiat currency loses all value eventually, ie Wymar republic. I'm guessing the dollar will be reincarnated as a cryptocurrency.
The Constitution states that only silver and gold are to be used as money. Our forefathers were so wise
2 Silver Dollars Back In The Day Would Fill Your Car's Gas Tank!
Today That Same 2 Silver Dollars Will Still Fill Your Gas Tank - "Because Silver Holds It's Value"
Thank you for posting this video! I am currently in the midst of writing a 20 page paper on how going off the gold standard during the Civil War and again in 1933 during FDR administration adversely affected the US economy. I was able to ascertain some good solid information from your presentation; thanks again!
I'm so glad you brought up the debt clock. When people tell me I'm crazy, I show them that number and they tell me I'm crazy again lol
People are in their bubble and they can not see or understand.
ctuagent247 Not for long as they will be sorry they didn’t take your advice or research it. Take care bro Australia.
I've been trying to get ASEs and those are tough in bulk. Thanks for keeping us updated. I feel you are spot on with your remarks.
I just started stacking silver in this market crash. This video helped reinforce that I made a good decision.
Love the way you explain things for the people , Your the first person to truly do that, not all Glitz and glamou,,,r but education!!! .. perfect explained, , great job bro
I went online to buy some silver (in UK). Spot price was just over £11 but they were asking just over 16, then VAT was to be added at 20%. So I would have to pay 80% over the spot price which is a big ask.
What kind of demon would drill a hole in a 1986 American Silver Eagle?!?!?!🙀
the same that put em in morgans and peace dollars
LOL 🙀
@@lukewilson3271 the holes in the morgan and peace dollars were usually for kids to tie the money to the inside of their coats so they wouldnt lose the money.
Kids lose shit, and given the circumstances of the great depression, losing a silver dollar was a big deal that could have been the differencd between life and death
@@dustinkymalainen8756 Thank you for that explanation, I never knew that and now have a fun fact. Hope you are staying healthy
A commie
Always need some silver and gold if you can. I talk about the need for having it on hand for trade. Inflation could be a killer. Time will tell. Keep stacking everyone!
One point that I disagree with. The premium on silver WILL fall back to under $1 over spot IF silver prices are kept low enough for long enough. It's just a matter of speculation right now as almost everyone in the community (including me) believes that silver spot should be much higher. But if it stays sub $15 until fall or so, NOBODY will be paying spot + $5 for physical!
I agree!
They will if there's still demand and low supply. We are seeing a lot of out of stock, but there's some new inventory coming in. Just not as much or as easy because getting the material from one country to another is made difficult because of this "pandemic".
We will. If you believe in new rainbow currency backed by all precious metals then silver will reduce ratio. Cheers
1 year later...
@@mcd5778 No, it's not. This was posted 19 months ago actually.
Awesome video Seeker! Great explanation on the difference between the paper and physical market.
Prophetic, brother. Awesome content.
I just found a 1937 nickel buffalo.!
Awesome video Seeker. Always look forward to your show.
Absolutely correct. Currency is all about confidence.
Love your video and agree 100% with the overall situation!
I’ve been watching your videos for a while but never commented. Keep up the good work.
I've been collecting and following silver and gold since 2006. I'd love to see physical currency return to a precious metal currency. However, my experience has been that silver is a bit of a pyramid scheme. People get into it because they are told one day it will be the post apocalyptic, post societal breakdown currency. Or that one day it will return to a higher value in relation to gold or be a store of value against a crashing fiat currency. So they start stacking, only to find that it doesn't have much value, and doesn't go up significantly in a crisis. So to create demand and increase its value they start recommending that others buy it. And this is the bit that worries me. Are silver stackers really interested in me doing well in a barter system society, or are they trying ensure that there is enough other people willing to recognise silver as currency so their own stack will have trade value? Or are they trying to increase demand now and raise the value of their own stack? Honestly I would love silver to be the main cash currency, but it might just be a fantasy that I hope will come true if I can get enough other people to believe it.
I stack silver first for its industrial demand followed by possible monetary use. In the end, unlike paper currency, I am hoping silver will never be worth nothing. Thanks for sharing.
You brought up many good points, but just look at human history. Most of our history of civilization, minus the last 70 yrs, gold and silver have been money. It became more valuable, so it was taken out of our everyday use as money. They became valuable commodities. It's about logic, history and faith that are on the side of gold and silver, much of what we lost in today's society.
@@lamarravery4094 Ezekiel 7:19 has a good warning about silver. But regardless in a real crisis, olive oil, salt, food, tools, fuel, generators, dried beans even all make better resources. I could imagine in a society that didn't have the internet anymore and started to have an excess of food and labour, a precious metal currency might be useful again to transfer value from one place to another.
@President Analysis depends what form that silver is in. If it is just a generic silver bar, that is a pretty big premium. 1 kilo of silver has a going rate of $472 right now. For 1 kilo silver bar I wouldn't personally pay over $600 right now.
If it is in the form of 32 1oz ASE's, $720 is the current market rate for them. Not getting a deal, but not getting robbed either.
@President Analysis nice purchase! That is a fair price and good find. I'm not sure of your question. Are you asking where to find silver for sale?
Hey brother got my platinum seeker card today looks awesome and I enjoy your energy and personality super awesome and kick a$$ keep your chin up and goals high.
Excellent intro video mate for those that are unaware of the importance of silver and gold right now.
You put all those coins in your mattress and you would have had a lumpy mattress for quite a long time. But a solid foundation for sure.
buy silver bars, and build furniture out of them
Sleep on it, to absorb it's power!
wow...great info there , alot i didnt think about or know ...thank you for sharing that with us.....we appreciate your input, and the great information. SALUTE .....take care, stay safe ....and keep em coming.
Seeker take care , be safe , stay healthy my friend , God Bless
I have been trying to convert family members for awhile and they just don't get it. My mom & aunt are starting out
Try showing them Mike Maloney's hidden secrets of money series. My family don't listen either.
To really get it people need to understand inflation and hyper -inflation.
I havent been able to get any rounds or bars since all this started. Ive been concentrating on constitutional. Its so much easier to get.
I guess that it all depends on wya because I have not had a problem getting silver. ASE, rounds and/or bars. I guess that I have lucked out.
As of today 01/25/2021 the dollar to silver ratio is 4,783 per ounce
Thanks buddy, hope all is well with your clan.😊
Precious metal dealers are currently offering to buy back silver from their customers at spot plus a premium. That says something about the current value of silver.
Lol, all that says is they are trying to prey on the desperate. It’s gross! They know silver spot price is down and premiums are almost as high as the spot price in some places. The dealers know at spot plus the maybe $2 premium they are willing to pay you will net them money. If you bought a silver eagle at $15 with a $2 premium that’s $17, dealers now want to pay you spot $14 something plus $1 over spot. They just made money while you lost, and then they will charge $25 for the same eagle they just bought from you.
@@wilhathaway1987 Free market has pro's & con's like everything else...Freedom of "choice" is up to the "buyer"...Still can't beat free enterprise; Government controls, and pissed off whining customers who "know better" is how we all got in this situation...LOLOL
The ""real" value of silver IS spot. Silver is a PLENTIFUL industrial metal that has not backed currency since the 30's, and is traded on the stock market like any other metal. Only 30% of silver ore mined today goes to bullion coins/bars. The ONLY reason AMPEX and other major silver retailers are out of stock, is the same reason toilet paper is out of stock...because nothing fights the Corona virus like a silver eagle wrapped in toilet paper. (Hoarding). For AMPEX to charge $8-$10 over spot for a coin they won't even have in stock for 3 weeks... is PRICE GOUGING. And yes, they WILL pay you $1-$2 over spot for your coin, so they can resell it for $8-$10 over....that's a better profit margin than before the crisis (for them). To profiteer off of a crisis is kinda sleazy. Charmin has not doubled their price of 3-ply up because shelves are bare. Best bet is to chill on buying silver until the hoarders are through throwing money at dealers, and prices come back down to close to spot.
@@Skulllywag slight problem with your logic there... if silver is plentiful and can be bought at spot without issue... why would dealers pay ANY premium? Your story holds up if mining and minting returns to 100% capacity in the immediate future... will it? I have my doubts.
@@Zaphod7835 Re-read my statement. I've already said why dealers are paying premiums. As long as people are willing to buy minted coins and bars....they will keep making minted coins and bars. People freaking out and hoarding is why you can't find silver coins or toilet paper right now. This is a pandemic, not the zombie apocalypse...things will get back to normal.
Trading certificates for a Morgans was a thrill when I was a kid. I should have gotten a clue, way back then.
Silver solder is a great use for silver, colloidal silver, etc.
Also gold is one of the best semi conductors, and there are stories from ancient ruins that bags of gold dust were discovered that they called mana, that was believed to be ingested and have immense health benefits, such as reducing the aging process
Silver MUST be .999 to use for Colloidal Silver
What's a 1900 Morgan dollar worth in 1887 Morgan dollar both in really good shape
your best video yet
Excellent explanation and True. I like how you tied it to the Futures Rigged Market system. That in itself has destructive consequences plus many other other instruments. Sound Money is what America needs again.
Are you talking about North or South America? Canada, U.S. Mexico? Oh wait, my bad. We are talking about the U.S. debt clock. Silly me.
Peter Schiff said back in the Greek ages a well made toga costed one ounce of gold and today a well made suit costs about the same.
USD being the top global reserve currency printing money works at the expense of the rest of the world. US can continue doing this for awhile as long as the rest of the world conducts business with USD. it's a lot more complicated than that but generally America must maintain hegemony for this to continue.
Keep stacking!
The chickens will come home one day. The end of the Petro Dollar is just around the corner 🎳.
I think it wise to buy silver and gold because the paper currency will bottom out. Paper money will be worthless. I only wish I got started buying silver 10 years ago.
Great video bro. A year later the amount for 1 oz. silver to back the fed note on the US debt clock is double (around 4k). There's a term for this phenomenon and I can't recall what it is
Thanks for sharing!🔥🔥🔥
Great info, keep on stacking..
What about sterling silver flatware / hollow ware?
PRICELESS 92.5% SILVER
@J Anonymous just picked up a 26' serving tray made by GORHAM Plymouth. 9.5 lbs for 5.00 at a yard sale here in l.a. Ca..
Why is it that ebay has 5 silver eagles for 140? Or the maple silver for 25 each?? Is that worth it knowing the price if silver sits around 15-16 bucks per oz?
Thank you. I was looking for clarification on gold and silver prices. Everything's so volatile right now. You can see everything but the truth. Still not sure how useful it will be later on.
just wish there were some good sources to buy what I want
Where can you get silver at spot or 1$ above spot. I only see 4-5$ over spot.
Great video man,, awesome
Most dealers are asking $10 over spot for Eagles now. Brutal.
Why did we get off it exactly
Thanks for sharing.
as i am watching this video 5 days later, the usd to silver ratio is @ $2,144. Is a 7.3% increase in that time a bad sign?
very correct regarding the military radios, prior 25U. It is beyond rediculous.
I love how you used the same gallon of gas comparison I try to use.
With me, I usually also add that a silver dime still buys a gallon of milk, dozen eggs or loaf of bread.
Also, why do you not have that proof Benji on the left of the pile in even a snap-tite?
Excellent study. Learned something. Really love the black talking gloves. 😊
What do you think of JPMorgan chase bank influencing the silver price?
Got the notification! Good video :)
With that check would you think it would be wise to buy a roll of silver dollars or get the gold eagle I was thinking??? Year I would have to put an extra thousand into it but would it be wise in your opinion???
I may be wrong having stacking silver on and off for 40 years and get a really negative feeling right now just don't see it ever getting over and staying over $20 in the next 5 years
Thank you I appreciated the information greatly!!!!
love the debt clock comparison
I went to market last few weeks and almost empty of silver coin i found some coin with significant premium so i left it
The PHYSICAL price is separating from the paper price and the degree of separation will only become greater as 2.2 trillion ,covid -19 stimulus dollars enter the market.Availability is diminishing.
Great video SS...thanks!
What I think is a trip is a 120 year old penny that started at being worth one cent, could today be, fairly easily, worth 500 cents
as far as inflation goes its kind of a mixed bag i think but the combination of events is unprecedented in our time.
i like to bring up the equation of exchange from monetary theory....
M x V = P x Q
Money supply x Velocity = Average Price x Quantity
for example, if we had a 20 trillion dollar economy where everything cost $1 and money circulated 4 times per year...we could play with the numbers like this...
5 x 4 = 20 x 1
In the simplest terms we could say that printing money and giving out trump bux means prices must go up, but it isn't always that simple.
The 2 trillion in expenditures and the 4 trillion in liquidity is more a sign to me that their economist predict V is getting CRUSHED making the the 2 and 4 trillion warranted.
because M x V = GDP as well and rising M can offset a falling V....in theory
We know the money supply and going up and we also, know that velocity of money is getting crushed. How much they overshoot or undershoot will determine a lot. They are just trying to throw some kind of plunge protection under this crisis.
On the other side of the equation, we also know that Q is getting demolished because soo many people are staying home
Then in this equation
GDP = C + I + G + Net Exports
we can assume consumption, investment, and net exports will get crushed with only government expenditures rising to break the fall. The dollar has been strengthening which hurts exports.
Premium is actually price. The concept of premium is false because it implies it's related to something valid when in fact it's above something that's erroneous. As you point out spot price is based on the derivatives market, so you have to wonder why bullion dealers continue to use it. In my opinion it's laziness to create a true pricing mechanism for physical silver and gold.
Love this video, great job!
Premiums and spot price aside, I was buying random junk silver from APMEX and JM for 13 times FV three weeks ago, and now it’s listed for 17 plus times. Supply and demand, lots of people got worried and bought everything up so I doubt prices will normalize until their inventory goes back up.
Thanks for sharing BTW, I never heard of that debt site
Good stuff 👍
Great video my friend !!
Great information
Glad it was helpful!
Great video....
good info thanks
Excellent vid, thank you!
Gran video ¡Buena crítica!
How much does it cost miners to mine an ounce of silver out of the ground?
Good info, I had a guy try to sell a ASE based on that debt clock. Wouldn't it be nice if that were the true price.
Do you expect the price of an ounce to reach $ 500 a year?
Like #170 Hey Seeker! And thats just the debt clock per oz produced globally per yr in dollars printed 😂 now add all other currencies printed against it as well. Eu, china 😂 i think we need to see global clock bro! Theres a project for a good vid! 😉 add em all up sycronized into one data stream. 😊😜 i kno you got the skillz bruh! 😂 Keep Pushin!
P.s. we gonna need a big azz clock! 😂
What you say is what scares me. The "hidden" Govt move is the unknown. What move does the elite come up with to side step all this debt? The U.S. mathematically will never be able to pay, so how are they gonna get out of this? How are we gonna get screwed again?
Great Correlation.
US Peace Dollars are my weakness...Americans would do well buying Canadian Silver Dollars pre-1965. Canadian Dollar is super cheap vs. USD
Aren't those 50% silver?
No they’re 80%, and if you’re buying from the US it’s pretty economical
Perhaps it would also make sense to calculate in all the other precious metals and there utility along with the dollar?
Perhaps!
The currency we have. The dollar is fake. Gold and silver is gods money!
Robert Kyosaki?
@@xanderk704 yes!
Yep. Our Fiat currently is backed by debt, a promisary note they can't back. It's wild that when gold and silver was money, the GSR was like 12 or 15 to 1? Wild. Yet this clad ordeal is unconstitutional. A clad quarter today melts down to about $0.04 where a silver quarter melts to about $3.50? $3.25? Something like that
What's the tax on silver in the USA? I just bought a small bar of platinum; in the UK the tax on that is 20% + the dealer's premium. I think silver is the same rate. It's miles away from the spot price.
Varies by state some states dont tax it at all and those that do are in court battles as its unconstitutional.
Thankyou Silver Seeker.
I don't know if it's right or wrong, but after paying the dealer premium - I can live with that part, that's just the free market doing it's thing - the taxes make me feel like I am being cheated.
well then if you would be converting it back to cash to be able to buy something, why not just trade the paper silver instead of the physical silver?
Wow cool!
I just bought $50 face value of silver Roosevelt dimes and including tax I payed $78.50 for $5 face.... I figured it is an ok deal. It was a total price of $785.00!
Good Buy!
I have a question about the debt clock figures. You pointed out that silver would be just under 2k per ounce to cover all our money, and gold would be 16k or so. What would be the approximate value of silver if we were on and silver and gold standard? As in, if silver didn't need to cover or back every dollar, but was half of the equation and gold was also in the mix? Thanks.
What is our dollar backed up on? I'm 50 and I still don't understand how it works. It's like we just keep printing money. what happens if someone walks into a bank with $5000 and asks for silver or gold? Our money system is a joke and how it works still boggles me.
Silver Seeker, thanks for this vid, NOTE the reason silver won't get to $2000 an oz is Gold & Silver are being controlled like in when the Hunt Brothers did it. So either JPM and likes and others are manipulating Gold & Silver don't you think? Thanks
What happens in the event of a massive short squeeze on silver? Does SLV skyrocket or crash? I’m not expert enough to say it’s a flaw in thinking to say the real value of silver is based on a ratio to the dollar, but that hasn’t mattered in almost 50 years and unless globally we go to au and Ag std it won’t ever again. Also as an aside there’s no limit to au/Ag ratio; yesterday was 16/1, today ~115/1, tomorrow 200+/1
What is your view on buying silver bars like 10oz or Kilos or 100oz
Brought a Kilo Bar last week,$1050 NZ,works out at $33 per ounce,cheapest way to purchase Silver also a 1 oz Dragon bar for $50,high price but will increase in value very quickly.
Aiming for 1000ozs by the end of 2021.
JP Morgan has a big hand in the open short interest, would love to hear more about that issue and how it holds down the paper price of silver.
those days are comming back trust me silver and gold will be the front of the economies out there be proud u stacked liek u did
Just think of getting paid once a month and getting one or two 1ozt gold pieces. Biting down on them to make sure they are real! Sweet! Having my renters pay me in 1 ozt silver coins or fractional gold. I love this thought.
@@stacknandpackn6158 shit dont talk dirty to me like that lol :) i always wish id be paid in gold and silver bullion lol
I have been in the silver recovery / refining industry since 1992, the true price of silver is the price someone is willing to sell it and someone is willing to buy it,
Silver is highly undervalued because there is no true price discovery because of manipulation.Robert Kiyosaki and Greg Manarino both say silver is the most undervalued asset on the planet.
@@loubrok1550 more then toilet paper? and see that is my point. though i agree it is undervalued its what a person is willing to pay for it and sell it.. i paid $10 for a 6 roll pack of TP. is that its true value? it is now lol
@@HR-rt9nh No, $10 for a 6 roll pack of toilet paper is not its true value.However the market makers can control 5000 ounces of silver (THAT THEY DONT HAVE)through leverage for $150 dollars ,is that its true value?If the silver to gold ratio on paper is 110:1 but it is being mined out of the ground at 9:1,does that show true price discovery?lol
Hey Silver Seeker, what does you think is a reasonable price for a roll of 2016 Silver Eagles. I have a friend that will sell me a roll.
$400
@@chadmillis8906 thanks!
What year is that $2
Back in 2015 I decided to invest in precious metals but wasn't sure if gold or silver would be the best for me so after doing some research I decided on silver. Today I'm feeling a little foolish as gold increased by $700 while my silver dropped $4.00 an ounce.
You're looking at spot and not true value tho... you're fine in my opinion
Remember why you invested. You have not lost unless you sell out. If you feel really bad about your purchase, email me and I will take the coins off your hands for a fair price. Honest.
@@SilverSeekerI have a lot of silver cutlery, bric a brack over 500ounces of sterling silver would never sell family Heirlooms but would this be as good as an investment as stacking silver dollars etc?
I have the same thing 1937nickel with Indian and buffalo it’s in great shape and got Letter think it’s D . I want to sale it . It was a buried when we’re digging to plant tree so long must be it’s oversea when they have Americans I’m out country to fight back from Japanese .
Tough times, hope everyone stays well! Thanks for the video😀 Awwww the good old gold standard, when money made sence.
The price of silver will actually to a price that is much, much, much, higher than that, it might take years to do it , but, at the end time, the Angel Gabriel stated that "The price of Silver is "Much Higher" than the price of Gold".
New to your channel. Great show. How do I purchase Silver one ounce coins for the best price? Example: I want to buy 1k worth of coins in silver. Where is the best deal on how do I find it?