Some important reasons NOT to buy silver
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- Опубліковано 5 жов 2024
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Yes don't buy anything at its all time lows... Leave it all for me.
Yes indeed! I will take some too while you are at it!
For me $15-35 is accumulation time. Don't think I'll sell until gold hits 20k and silver hits 1k but I live in reality and realize it may take quite a few years and it will likely be compared to a new dollar so most won't even realize it went there.
Derik hahaha . thats what i say lol . hell no im waiting for the dollar to collapase . waiting for q3 for the FR to push up interest rate !! Woohoo !!
Derik Card. iaGree. paper is good for ass wiping
I remember silver @$4.10 per oz. Old broken ss jewelry could be bought for 10¢ per gram
Being debt free is certainly good advice, but here, money in the bank is owned by the bank. I'd rather the silver doing nothing in my hand than my wealth possessed by the banks.
Yes this is true - but we all need money in bank accounts to buy things we need that silver or gold cannot buy at the moment.
You're right! Of course.
We should only leave enough in the banks to pay bills, etc. for the time being, but once a cashless society hits us, we'll all be subject to complete domination.
I'm trying to get a lot of my money out of banks before the dollar totally collapses and they can implement a 'BAIL IN" . Once the economy crashes, as it did in 2007-8 the Banks were bailed out. This time around, Congress has ruled that Banks can do a Bail-in, meaning they can just go in and take our money.
Diana Campanella
Haircuts i think is another term. Greece just had that happen in the last few years.
They trim a certain percentage "haircut" from the middle and lower class.
Thanks, Wake Up World, (Good username) Wow, it's actually been in affect somewhere. I didn't know. I never heard of 'haircuts'. I do know the Banks are not on our side. As Robert Kiyosaki once said, "We are being ripped off by the very people we trust our money to."
I think you guys are nuts I have silver two reasons. one it's beautiful and the story of who had it at the time. Two if the world ends banks don't exist anymore paper is nothing but fire starters and we'll silver and gold are money basically along with food and guns medical supplies that's currency if that happens. The world we are living in it's become a joke really it has think about what it will be in 10 years. It doesn't matter what currency is as far as gold is cuz I can buy a dime for X14 that's 1.40 right now okay my coin shop will buy it back at X10 so I just lost out 40 cents it doesn't really matter what the silver prices unless you're buying actual rounds .999% silver coins are only 90% silver unless they're halfs from 1965 to 1970 they are 40% in the United States also in the United States there is no tax on buying silver or gold
You say your silver just sits there and doesn't yield you anything. It's real money. It's not supposed to have a yield. A $100 doesn't have any yield. And constantly losing purchasing power.
Very true, but we live in a world where we need fiat to buy food, pay rent etc. If you have ways of making extra fiat numbers then this helps
Absolutely!
Joshua Tyus
you can always wip your as with paper money. ssiver is as loe as it will go. i am buy ing
Today I purchased my first 5 Oz of silver. I'm just planning on sitting on it because like someone in the other comments said I'd rather have my money in silver than owned by the banks. I'm excited!
Congratulations on your first purchase! Good luck
Nobody buy silver and that way it will be cheaper for me :) Silver will be your life line if something happens.
Yes indeed!
penny davis good one lol! His videos made me break down just about 10 minutes ago and placed an order for a 2018 10 oz Queens beasts lion coin lol!
Is not true that that the 1 kilo bar do nothing!!! He sit there and shine nice. Gives you a smile in the face😁
You make a very good point there - one I cannot disagree with!
Trua
It doesn't do anything, it preserves your wealth, in the same breath.. Seriously
Yes indeed
I bought silver at $8.00 an ounce.Still holding it.
What price point would make you sell!?
I use to be terrible at saving money, due to my love of antiques...or guitars.
Now my extra cash goes in to silver. It's my other savings account.
I love silver and gold don't care if it does nothing I just like to look at it and know it is mine thanks for the video it is real money
That is one of the best things for me too - thanks for stopping by!
lmao 205 tax on silver in UK. it sucks to not have a Constitution
Yes it sucks indeed!
I thought you put forward a reasoned and sensible opinion and I couldn't fault anything you said. You certainly weren't rubbishing silver you were saying it's a long term thing and a good store of wealth.
Thanks for the feedback!
Truly a long term investment , am keeping for the long term aka grandkids to show them our U.S History that people before held that coin bought something with that coin.
Good points. I didn’t buy my first ounce of silver until I was 100% debt free, including mortgage and car loans. I was fortunate enough to sell 2 homes last year in a sellers market. I’m also fortunate enough to not have to buy until it’s a buyers market so I’m patiently waiting for the right house at the right price. In the meantime, I’ve come to understand the importance of diversifying my portfolio, just in case. By buying a little silver at a time it helps the cost average as the price of silver fluctuates. Thanks for your video. More food for thought. 😁
Great to hear you were debt free when you got that first oz. Perfect strategy in my book. Appreciate you stopping by and commenting.
Silver is something you only obtain with discretionary funds that you forget you ever had.
If you get silver - forget you have it - just not where you have it.
It's like finding a $20 in an old jean jacket - didn't miss it and makes your day - on THAT day
Forget you have it, not where you have it - love it my friend!
Don’t buy silver if you like to ‘buy high and sell low’ which is what most ‘follow the crowd’ investors do. Silver is ‘selling’ for very close to the all in cost of production, sure it may go lower but if so it won’t go much lower and it won’t stay there very long when mining becomes a losing proposition and more mines are closed, shuttered or ‘high graded’. If you are more comfortable following the crowd, buy other assets that are already selling ‘high’ (especially paper assets) so you can lose your ass when they inevitably revert to ‘fair value’ and then below fair value. Then you can commiserate with your colleagues in very good company since misery loves company.
Thanks for the comment and I appreciate your feedback on the markets.
Precious metals are NOT INVESTMENTS, they are the equivalents of monetary INSURANCE, nothing more.
I agree.
Then don't buy it at all. Put all of your money into government bonds and low-risk investments.
I like silver. I enjoy owning silver. I like holding it and looking at it, and it makes me happy. Aside from the potential benefits, I will continue buying silver
Good to hear.
Serenity Of Light same here. I cant wait to get my paycheck and pau my debts n buy silver. I cut down on smoking because i want more money to buy silver 😎
1909 piso. 25 piso ang 5 piso silver sale
I dont understand the one point you make... The video is about why not to buy silver in 2018... "Because it might go down, but it might go up" is not a reason not to buy. thats just markets. Ont another note silver has jumped quite a bit in the last couple days!!! woot woot lol. Thanks for the vids man
It is more about the fact that silver is a volatile metal market and that if you have money to invest it might be wise looking at all the options rather than ploughing into silver. I think silver is great, has great potential too - but other investments are out there that have different benefits vs metals. Appreciate the time you took to comment !
Silver and Gold is a store of value. If the price goes up or down it will always have value .
In regards to VAT and storage issues: you can always vault offshore and silver will remain VAT-free. Long term then of course the storage fees would eat into your stack but if didn't store your silver at home you had to pay vaulting cost anyway it is an option to consider
You could do this indeed - but I am a firm believer in possession of your precious metals or you don't own it. I would never use vaulted silver for this very reason.
I could totally live in a block of silver... Only real issue would be the difficulty of insulating it against the oncoming winter
Yes, that would be difficult
Pan's Purse yea I’m thinking a gold roof that would never wear or corrode. Maybe there’s a perfect alloy...
An entire foundation, floors walls etc would make for a nice generational structure
In USA we pay about $1.50 more than spot price for silver bars for 1oz silver and no tax or duty charge
Yes - you guys are very lucky indeed!
The point is that even when Silver does go up or down - its just pennies - no big shakes
Hopefully, we might see big jumps or dips if the brown stuff hits thebfan
Topic for next video: "Some important reasons NOT to buy food in 2018!" :)
It is a good topic to do - think of all the money you would save!
Thanks for the video. Good tips. But i think this moment is a good one to buy. Love that kilo bar!
I agree it is a great time to buy silver
I think silver is a great investment for me personally because I am only 30 years old. The price of silver probably wont jump in the next few years, or probably even the next decade, but in 20 years or so, when the worlds sliver mines and expected to deplete, the price will go up. And I am young enough that I can wait that long. And from now until then, I plan to buy as much silver as I can. It probably wont make me rich or anything like that, but I might get to retire early, which would be very nice.
We are in the same boat
Not a bad boat in my view. :)
I thought you made some very good points. It's never good to invest in anything when you are neck deep in debt. I have heard many conflicting views on where the price of silver is heading this year, but you made an interesting point in the fact that the skyrocketing price in gold would affect the price of medical and technological fields profoundly. I am continuing to do research, but I still love picking up silver coins and bars for my collection just because I enjoy them. The Walking Liberties are one of my favorites. Good video! Thank you putting it out there.
Thanks for the comment - good to hear you are doing lots of research.
I stack silver and collect coins and am new to all of it but starting to find out it's not so easy to sell silver for a quick quid.
Yes indeed , not a get rich quick scheme
David Colquhoun I consign my silver coins at the thrift store after calculating the weight, silver percentage and then come up with a scrap price. Silver half dollars go pretty damn fast for $7.50 and silver coins have almost zero intrinsic value unless they're older than 1930 or so. So scrap price is the only sale you'll make.
David Colquhoun I'll buy it off your hands, I'm in it for the Long haul.
Long term investment. Wait for the value to rise
Will Will “spot”?
we dont have the taxes here in the US on AG so its likely a better deal. I get a couple ounces a month or so, consider it a savings vehicle, but focus much more on debt reduction. I also get freeze dried food routinely as yet another insurance vehicle. I would say that your premise (don't buy silver) is valid if the context is don't buy too much at the expense of other important considerations. Thumbs up!
Lucky you to have no taxes - I wish it was that easy!
Best way to ensure that you get positive value from your purchase is to view the silver as a raw material and turn it in to some form of art or make a craft like a statue. The value of a handmade piece will increase the value of the raw material and you can even create reusable moulds. You could turn cheaper bars into hand poured pieces. Personally, i like making jewelry, so I have a specified interest in silver.
This is exactly what I do with all of my other silver investments - I have a large pile of rounds ready to be melted! Like these: backyardbullion.com/product-category/all-items/
Backyard Bullion
If you ever get an interest in smithing, than silver smithing is a great hobby to practice with. I've made a couple hand forged and jeweled silver letter opener necklaces that people went nuts over, but now I need to go back and hunt down some more gems to cut. Those amonites were really cool BTW.
One day I would love to start making more intricate items. Pouring silver is about the level of my skills at the moment. I love those amonite pieces, they feel so great in the hand and have a great look and feel. If you want one just let me know 😉
Backyard Bullion
A bit out of my range for now :) but I'll keep the site in mind
I have no morgage or loans but if i put my money in the bank it cost me 175 euro a year if you put your money in property it cost you for maintainance rates insurance bills or a new car you have car tax maintanance insurance fuel if you buy a silver bar or gold it may go down a bit it can go up a bit but it is not costing you money every month what i did i was going to buy a new car but decided to keep the old one two or three years longer the money i was going to pay each month for the car i put into kilo bars of silver and every so often 20g and 50g of gold it is mountin up all is good
I agree that buying cars etc is just depreciation of your money - no question. but you cannot drive to work in a bar of silver, you can with a car. You need a house to live in - you cannot live in a bar of silver. Once you have the necessities then you can get some shiny stuff
instead of buying a few coffees or snacks during the week, but 1/4,1/2,1 ounce a week. do not even need to look at the price until fiat has proper troubles again
Good way to save money - not drinking coffee.
Silver is very rarely an investment....it's simply a hedge against inflation.....never stop buying it spreads the cost .
Yes indeed
I appreciate your honesty.
My pleasure
Silver has been down for a long long long time this year and next maybe the time for silver and gold.
Could well be the year for silver and gold
Some people see the title and dislike the video straight away. What's not to love about a channel which is based on buying silver, giving fair unbiased reasons not to buy it?
In these volatile times where government debt and rising interest rates are a concern to almost every nation in the world, I would say silver is not a bad investment. I follow silver price closely and would agree that paying down debt should be a priority, investing in a house in this market rather than buying silver would be a big mistake in my opinion.
Being debt free is the most important thing for me I think. Keep that money for the essentials then use the spare cash to preserve wealth
Lol, the interest rates for buying a home are still incredibly low. In my area the banks are offering rates at 4.25% to 4.5% and that is a bargain if you compare rates over the last few decades. People should lock into homes now before rates go up again. Next year rates will be a full point higher.
When it all falls apart gold and silver will hold your wealth, while every one ealse will have nothing.
This is the main purpose of silver and gold
I’m not sure, based on expanding national debts,, why having a small amount of silver might not be a bad idea? You’re correct that putting all of your investable money into JUST silver could be a bad idea, but a small amount with a balanced investment portfolio might be a nice little hedging strategy...
I am completely debt free and have no problem putting my dollars into precious metals. I have several ounces of gold and a few thousand ounces of silver bullion and American Eagles. I only keep less then $5000 in the bank at any one time. I never bye on credit and pay for my metals with E-Checks or cash on hand. I must be rich you say, NO, I'm retired on a $1000 a month S.S., I just don't bye unnecessary garbage and all my grandchildren get silver for birthdays and holidays. What better hobby can one have, then by trading paper with no backing power for solid metals recognized all over the world.
A great state to be in - thanks for sharing!
Right now silver is trading at about what it cost to mine it. I think its a safe bet right now.
I agree, it is very cheap
In Canada there is no tax on silver or gold but buying Roman coins or pre 1966 coins carry a 13% tax or any Pre 1964 U.S. coins
Ouch, hard to be a true coin collector then!
real estate, stocks, bonds all over valued, gold and silver under valued, I would much rather put my money in silver than most other assets
I think this way too despite the video!
Silver is a good investment people have to use silver for phones and electronic cars so they have to buy a lot of silver
Yes indeed - it will be used for technology for a long time to come!
One of the most honest and intelligent UA-cam videos I have seen!
Thanks for the feedback - pitty a lot of other people dont feel the same!
Jeez a lot of thumb downs on this video and negative comments.
I think it's great to get discussion going on all aspects of silver.
Thats life on UA-cam when you do something mildly controversial!
Thanks for your time and commentary. Food for thought.
My pleasure - thanks for stopping by.
I disagree with your opinion:
1. Silver is close to the cost of production and is currently very cheap
2. You pay no sales tax when you buy differential-taxed coins (see link)
3. Stock markets, real estate markets, and bond markets are totally overvalued.
4. Only commodities - including precious metals are undervalued
5. The world is hopelessly over-indebted and the debts are never repaid
6. The political situation is very tense because of the imperial approach of the us
What you need in this situation is just patience
greetings from Germany
www.gold.de/aufgeldtabelle/silber/
Thanks for the comment - you are still paying more tax on your silver than buying gold. Stocks and shares might be overvalued but they provide an income that metals do not. The world is in debt. But I don't think that means that silver will skyrocket. The world will not let all currencies fail. It would be an apocalyptic scenario that would see billions of people die of starvation, poverty and rioting. Silver as an investment is a hedge for the future, nothing more. But you need fiat money to live and I would say that you should only buy silver if you have all your other finances in order. Thanks for commenting!
Silver as a get rich quick plan is stupid but that isn't what silver, gold and other metals and jems are for. They are for long term wealth preservation. If you consistently buy small amounts over time you dollar cost average it. If there is a sudden spike in price only buy a small amount or none at all and wait till the price drops to start buying again. You can also look at metals as a retirement plan and not touch it until you're older.
I understand what you're saying about paying off debt first but I don't agree. If you already have an emergency fund that equals 3 months of bills then put 1-5% of your pay into metals. That will keep the money safe from being spent and be there in the long run if you ever need it. Keep that 3 months of cash in your home and not the bank. You can continue to pay off your debt but have the money you need if you loose your job and a metals safety net.
I just like it. I like making things from it and I love to trade it. I like to buy it. All nice and clean it is a beauty in hand and has a great sound. I am basically debt free so the only effect PM's have on me is what I choose of them. I never seem to be cash fluid enough when the great deals come along but that is life in general eh. Good ramble my friend.I am sure this conversation will never end. LOL.
We are very alike my friend in our outlook and ethos in life. I would love to share a beer with you one day and ponder over the wonderful white metal!
Chances of me traveling very far from home but my door is most certainly open and the liquor store is 3 min away. It would make for some great video. You and I at the bench, touring around and solving all the world's silver woes eh ! Great thought my friend !
Maybe one day if I make it over to the mighty Canada!
I bought at 29 - 20 still feel like a loser. Holding on for 7 years now.
Timing is everything sadly!
Buy lead encased in a brass cylinder containing a flammable powder and primer to ignite it!
You aren't very nice are you...
I bought 175 1942- 1945 35% war nickles which also had 13% tax but the value of those coins silver content was exactly 10 ounces of silver
Good but there!
I think it's funny how everyone says pay your debts first but if you have a bunch of debt and your interest is a bunch what's it matter if you spend $20 on one ounce of silver for $20 not going to affect your debt
But $20 each month or week will add up. It is also about protecting yourself against having to sell that $20 at a loss in the near future. My parents overpaid on their mortgage every month and it shaved 8 years off the term of their mortgage and saved them more money in interest payments than it would have given them investing in anything else.
Youre rite and wrong. Normally you would be 100% correct in your assessment. However it is 2018 and theres only 10 years left of known mineable silver in the world. Unless they find new mines out in Antarctica than we're pretty much looking at all we have. Because of that single issue alone we are looking at possible silver extinction. These are the facts. So a person for the very 1st time in there life if there patient enough to wait one more decade will actually live thru a rare event of no sales on silver. As the element starts to disappear completely off the periodic table it will become litteraly priceless for a short while and when new prices are set (most likely in a unit other than dollars) silver will be worth a fortune per ounce.
So yes youre correct, anything under 10 years and silver is simply a protection/insurance for your wealth. But because of the unique times humanity lives in and the laws of supply and demand, central banks will soon lose control of there price manipulation and those who own a few hundred ounces of silver or more will be sitting on a small fortune or better. Still, this is a very nice realistic video that many people need to take in and fully absorb. Goodwork.
Thanks for the insightful comment my friend. I don't share the belief that we will run out of silver in the next 10 years, but it will happen one day that is for sure. Thanks for commenting and thanks for being a nice commenter!
Silver, Gold and other metals are NOT an investment, they are insurance against TAXATION and INFLATION. FIAT loses its buying power every year. Compared to 1932, $1USD today in 2018 has the same buying power of 4 cents back then. If 15 years ago You put away 20K in your mattress, you just lost 7K essentially. Had You bought 20K in metals 15 years ago instead of saving it, the 20k in metals you bought would have that 20k buying power of 15 years ago today!
Yes indeed - hedging against the future value of your native currency. Thanks for sharing!
Don’t buy bars on silver only coins
Bars Vs coins is an interesting topic, both have their benefits
Backyard Bullion that’s true. I’m currently 13 years old and already have $300 in silver coins.
I work with silver... and i can make it more valuable by making a ring, necklace or earrings... etc. I can cash in scraps when the price goes up. I wish to have HUGE piles of it... but oh well. I can't even afford my jewelry. : )
What kind of stuff do you make? You got a website?
Backyard Bullion Http://silversmyth.com - mostly custom stone set - simple elegant.
you are quite right under normal market conditions....but all that is about to change - BUY SILVER!!!!!
I appreciate your thoughts and insights on the topic of silver. Thank you very much.
Thank you very much
Commodities are best kept for an inflation hedge and a guard against catastrophic financial collapse. Stocks are the better long term investment on average but there is always the possibility of a sharp correction with could wipe out your gains.
if you bought silver 100 years ago and held tight then you have lost 1,700% of the value you put in.
According to what charts?
Backyard Bullion silver was about the same price 100 years ago as it is today. if you factor for inflation you are down about 1,700%.
Why can't you just buy a Oz of gold in the US for say $1300 and sell it in Brazil where it's $4000+ an Oz?
New British1/10oz
Platinum,sold out
Fast on the on-line
PM dealer,I go to
And Trust.Mixed
Outlook on the
Industrial use
Of platinum and
Palladium,Auto
Emissions...
Those 1/10 Oz platinum coins went fast
Sorry, I must confess I'm a racist. I abhor the English and can't even sit through any videos by an Englishman...except for this one. Subscribed. Good content! I started stacking in 2013 around $32/oz. I bought it all the way down, and back up to when it got to about $16. I did to my benefit buy large amounts when it went sub $15. I haven't made a purchase since. I have a fair amount and don't plan on selling it any time soon. I will buy more when/if it goes below $16. I bought 1 oz Baird Mint Rhodium 11/03/2015 spot at $750/oz Paid $925.00 ($175 premium). 04/20/2018 Rh is at $2120.00. You'll get about the same premium deducted if you sell it. I'm holding on to it. Palladium has also been a gainer in that same time frame. $645 to $1034.00 I also got a Palladium eagle BU for $1,200. Platinum stayed pretty consistent $975 to 931. I don't own platinum, but when/if price goes below $800 again I'll get the Platinum Platypus (Ausie mint). Check out the 13 Yr Rhodium chart on info mine dot com. 2007 it went to almost $10,000/oz, then crashed in 08. Will it go that high again? Doubt it, but it may get close. For even more obscure metals, Ruthenium and Iridium are going consistently Higher in last 5 years. I bought oz of Ruthenium at RWMM (rare world metals mint) more as a curiosity than investment, but still cool. Crazy premium on Iridium (sold out) in .999 metal form. What I really covet is a rwmm Osmium (also sold out), and the premium is also crazy but understandable since it's so difficult to create in .999. Osmium price does not fluctuate it's been pegged at around $400 for ever since there's very little industrial demand. Last selling price on rwmm was $925.00 It is the densest metal on earth. Yes more dense than Iridium. Any interested in the more obscure metals should read the book by Keith Veronese, "RARE". Not a great read, but great information. I am not in any way affiliated with rwmm or Keith Veronese. Metal demands are changing and stackers should diversify and get more educated by thinking beyond Silver and Gold.
Nice bar. Happy this was not click bait. Thanks for your perspective. Subscribed!
Thanks for stopping by and commenting!
People buying silver in April wish they'd held their cash and bought it in September!
Well, yes indeed!
Good video, but you failed to mention that, in addition to being a long term investment, there is the element of timing. The current situation with PM price suppression through the COMEX makes silver one of the best deals around. When the SHTF and the system resets (probably 2018 or 2019) the price of silver will moon. So, your advice is given within a limited context of a linear system.. However, the system contains risk that is non-linear and when that risk is triggered through defaults and the house of cards collapses under massive debt and leverage, the whole thing goes non-linear. You won’t be able to buy physical gold/silver at any price. Think 2008 on steroids and the resulting spike we saw in 2011 will be a blip on the chart. Just look at the bitcoin charts for 2016-2017.. the blowoff top made all the other mini-bubbles look like tiny bumps.
Thanks for the comment - timing is very important indeed
buy silver or gold in Canada.... no tax if it is .999 or more fineness.
This is why Canadians will never buy British Sovereigns or US eagles....they are not pure enough and are taxed
Yes indeed - that is a horrible situation for you guys!
Ray s
That's cool.... I have silver eagles too. There is enough purity to dodge taxes.
3x9s is good, but I focus on 4x9s for good reason. If there is a supply issue with silver, top purity is important ESPECIALLY for industrial purposes. Most silver is used industrially, and there are many industrial applications requiring 9999 purity (3x9s is not adequate). For me.... I go silver Maple Leaf instead of AE: recognizable in SHTF environment, cheaper than silver American Eagles, and 9999 purity for industrial needs. In my mind they tick more boxes than silver AE.
When getting 10oz bars I take a similar approach except I prefer 9999 bars with a serial number from RCM, or reputable bank.
It's not meant to be an investment it's meant to be a savings
Yes, but it can also be used as an investment tool, albeit a risky one.
Yeah true and there's also the fact that (idk if it's true or not) there's not enough for everyone on Earth, I think I heard on a video that IF everyone were to have it then we'd be limited to 10 grams.
I use it as my savings
silver, gold, and other precious metals are not meant to pay you interest, dividends, or residual income. Precious metals are made to serve as a hedge and a value of wealth preserver of the failing fiat currencies of the world....ijs
I agree - but for those of you who want to have some return as you go, silver and gold are not for you!
You make very good points silver is not very liquid. You have a limited number of buyers.
It is more of a risk investment for sure.
That 7th coin is killing my OCD, lol I buy Silver, I also metal detect and keep all the silver coins I find.
What is wrong with the 7th? I can't remember from when I filmed it 😉
if you look at all the coins each one is resting on another, the 7th one is flat under the other two, lmao.... I'm just fooling around with ya :P
I've bought coins for $20 that was selling for $160 weeks later on many occasions. And if you calculate long term against inflation silver and gold have gained value while the dollar lost its value.
What goes around comes around and it just shows how versatile and volatile silver can be!
Backyard Bullion silver before 1965 one quarter bought you 1 gallon of gas. Today that same quarter buys 2 gallons. The value of the metal has risen much more than people realize. If you have been investing over the long term you would likely have made yourself some healthy returns. I can remember gold at $300 and silver at $8. People just want instant gratification in my opinion.
Derik Card ?? Care to elaborate? My dad was a coin collector and I recently started getting some. You got me curious.
Chris Rock you just have to know the market. Like often the first of a series that ends up being very popular. And/Or limited mintage Coins that are in high demand.
Chris Rock look at the 2008 African wildlife series coins, or first of the wedge tailed eagles, or first north Korean clay, etc. All coins I bought a role for $20-30 per coin. If it's something you are passionate about the time you put in is enjoyable. If not flipping coins may not be for you. You need to really watch and understand the market for physical coins.
These people who sell precious metals sell them for what? For a profit.
It is all about making money
Exactly they want to trade our worthless dollars for their precious metals. I love how metals bulls miss that obvious logic.
Well silver is at the moment being sold not much over the mining cost so it isn’t going to lose much if at all, so the only way it can go is up. You seem to contradict yourself by saying that all electronic devices use silver. Well when it becomes rarer then u can sell higher and just don’t buy the latest electronic devices
You can not make enough interest off the bank when you consider the risk of leaving your money there to start with , the risk is too much consider you get nothing in the way of interest just not worth the risk.
Will I, a foreigner, be taxed for flying into the UK with silver in my luggage? I don't pay taxes for it in USA.
If you have a small amount for personal use and security probably not (assuming you can prove where you bought it from) but if you bring a large amount, maybe.
"A long time wealth preservation tool." Exactly why I put my saving into silver. Federal Reserve money is total crap and the Fed will eventually over print money to the point it's buying power is totally gone.
This is why I stack silver - hopefully preserving our wealth
There is never a reason not to buy silver - especially at these extremely cheap suppressed prices.
I agree!
Bought some yesterday
If you order from Belgium there is no vat
Technically yes.
As per my DYOR, I am buying a lot... but I really liked your way of presenting and analysis. Subscribed !!
Thanks my friend, appreciate it.
Its real money and if your in the uk you can buy silver from celtic gold that ships from estonia and is totally vat free . This bonus will end when we leave the eu.
It might be vat free, but it is still 15% over spot price. There are other taxes involved.
So don't buy metal!?
Only if it is right for you to do so.
Very good information very smart just common sense but a lot of that is lacking today so I thought it was a great video
Thanks for the comment - I wanted to present some of the other opinions out there to balance things up.
If "The Powers" have stored physical silver, they could drive up the price and make a huge profit on their supply. Then they could go back and play the paper game all over again but with a higher base price.
Yep they could do this. But there are a lot of people who would lose money if this happened!
Silver has been beaten down the last 18+ months staying within the $15.50 - $18.50 range. If/When Silver finally makes it back to $20-$22/ounce, I expect a lot of people to divest instead of holding
Wealth preservation..yes five years ago I bought silver for $35 per ounce and with a price of $16 per ounce today im proud of myself for preserving my wealth..Peole who bought silver seven years ago for $49 per ounce are probably more proud of themselfs..Stock market rose 100% bond market rose 50% real estate rose 50% for that seven years period just for comperisment...
Well, that was a bad time to buy -
What is the difference between 999 and 9999 silver?
If you had a one once coin of either, how much more silver would the 9999 have over the other?
Good arguments. Me personally I use debt to my advantage vs having debt take advantage of me via 0% interest, by deferring, or managing cash flow. It’s not for the front of heart. And you have to stick to a plan. Other than that mostly agree, it’s good to know the negatives of silver so u can offset with positives in another category.
As for the trolls the come with the territory. IMO don’t waste time with them with detailed responses, just thx for the comment. They’re viewers , ones you don’t want vocal very often.
Better you than me mate - would not want to play this game myself but good on you if you can!
Backyard Bullion there’s definitely a strategy to it and it has paid off. Doesn’t work all the time but in a bull market it can be done with minimal risk. Anyways, just putting it out there. My motto is, we work hard for our money, so it’s best to make money work hard for you!
I'm obv a silver lover too so would agree you must manage your strategy and any existing debts or commitments before buying any precious metals. It really makes no sense paying the high % of interest on debt which is guaranteed over hedging spot may go up.. ps. Send me those halves :)
Agree completely my friend - you want the halves?
I'm just messing with you. Thanks to ravenhawk I have got the junk bug (walking liberty's) 🙂
I hear ya Fossil.
This is true. The long term charts are showing bearish patterns. Don't buy!
Thanks for commenting!
Gold and Silver are ONLY for insurance!!!! We all are buying cars, house and medical insurance. Why not buy insurance for dollars?
Very true!
You should only buy when you can afford to buy. The times i bought in a dip for price only to go lower, just means another possibility to buy more at a lower price and lower your average, same if price goes up. Problem i think is when you buy to much for any reason at any one price point that's not at the bottom, if nearer the high ranges. Like those who bought back in 2008/2010. Right now i see it in the lower ranges. I dont buy to much silver that's tied to spot. One reason is my budget and i cannot afford to just tie it up. Gotta work for me and so far so good part of my stacks been growing at a min of 20% but it's not easy and not for everyone. But for me silver is more affordable for many and that's another reason why i buy it..
Well said, although were all in debt.
In some ways we are!
You won't pay VAT if you buy second-hand silver.
Yes indeed, like the kilo bar you see on the table...it was bought vat free as a secondhand bar
Dont buy it Silver ? Because no one will take it commonly for payment , then its hard to get rid of . Silver and Gold are long term investments.
Yes indeed - the longer you hold it the better it will be for you.
forgot to mention I did sell some but kept some.It may reach new heights again.who knows.
Well done!
You can live in a silver home but a solid gold home would require less maintenance.
BS Silver is up 2 % today 18-4 , silver is the future , do your homework
I filmed this video on Monday when prices were very different to where they are today.
Yes but the point i think was even if it was up 10% in value, in the UK and Ireland you're paying a 20/21.5% sales tax. You you still have a net loss of 10/11.5% despite making a huge gain above spot.