"Time magazine recently estimated that for a millennial with 40 years until retirement, $1 million in savings is not likely sufficient. Taking into account 3% inflation over that time period, it would be worth just $306,000 in today's dollars." Physical assets protect wealth. The most wealthy in the world grew and maintain their wealth with capital, not ordinary jobs. Gold and silver should provide support against devaluation. (Hopefully) lol. My retirement somewhat will depend on it. Lol
This is exactly why I think it's important to have some of your long-term savings in a physical asset like gold and silver. Thanks for stopping by and sharing your thoughts!
Time magazine recently clarified their position. "We assumed this millennial who managed to save $1M with 40 years until retirement actually won this amount on a lottery and put the savings into their local bank where it would earn 0.05% interest in a savings account. Yes, we realize most people invest their retirement money in quality companies where it could grow and easily outpace inflation. We just assumed it wasn't for this scenario." :) p.s. This is a fake quote!
@Cheeky MGTOW If that happens you better hope you have guns, ammo, food, and water. You say when as if it is an absolute and hate to say it but IF that happens then gold and silver will be one of the least of your worries. Better to have a diversified portfolio and hedge against all types of unforeseen circumstances. Treat your portfolio much like you are supposed to treat your body, with a good balance of nutrition not all of one thing or another.
jp was just a sockpuppet just like many others and now its just a sockpuppet company we wil never win china wil be the next paradigm greetings from houthulst west vlaanderen ww1 graveyard 1 ounce of dgold the rest silver and invest in your house yes a house cost and is a liabilety but what most one do and try growing food
I buy silver because I like buying silver. I like the look of it, the feel of it, the fact that it was been valued by ancient civilisations. I have paid my mortgage off and have a bit of money in the bank, but I still love the feeling of handling my silver coins, gold coins, silver bars etc. I don't really expect silver to shoot the moon anytime soon......but it is nice to dream about it occasionally 🤔
I think about 50% of stackers are similar in thought. For the most part if they are aware of silver, they’ve probably taken care of other things as well. Not much frivolous spending in the stacker community, it’s an in addition to the home, car and other stuff bought and paid for already. The other side is the shoot the moon stacker, they are essentially buying lottery tickets that can’t lose on til frivolous spending forces them to sell.
when governments took silver out of circulation, that is exactly the moment a dollar was worth the amount of silver in that coin. After that moment a dollar lost it's value to silver.
My recall we got 4$ for silver change in65 thought was pretty cool lbj said they would circulate togher ....HE LIED TO US.....NAM .GREAT SOCIETY .GUNS &BUTTER LBJ.🤔
When I was a child one silver dollar would buy 10 loaves of bread. One paper dollar would buy 10 loaves of bread. Today one silver dollar will still buy 10 loaves of bread. One loaf of bread is about about three paper dollars. Question: has the price of bread gone up?
I must confess that I like currency. I was raised this way and I would rather not want to Stack something, that maybe hold or increase its value to store my economic energy. But in this „modern world“ as you call it - where everything is based on debt and a devaluing currency with doubtful life expectancy - I just don’t have another chance. And so I adopted this thought (hope). It’s just that easy to explain. To mention is, that I am from Germany. We have lots of experiences with expiring currencies.
Thanks very much for sharing your thoughts, a lot of it is indeed about how you were brought up and your perceptions of the world around you based on the views of others that have come before you.
There's something about the UK stackers I follow on UA-cam (you, Shadow Stack) that's very level headed and appealing to my sensibilities that I truly appreciate.
The value of metals is always based on the price to refine it, vs it's demand. We can affect its value by buying more of it and hoarding it. If you want your Metals to increase, buy more!!
Even if we don't use gold and silver as money anymore it has still a value and people belive in it, that we do it for thousands of years plays a big role. No country would have gold reserves if it wouldn't have any value. With it's use as jewelry and for industrial uses it will never be worthless.
We went from living money like livestock to metal money then paper money then crypto which is invisible digital money that you can't hold. All have chance of inflation except the gold and silver you can't print it or multiply it and it has a natural predictable increase per year. Gold and silver wins by a wide margin and to top it off it's so damn pretty.
I hold PMs and some crypto, i have to disagree with you on some cryptos Bitcoin for example has a fixed amount ,there will never be more than 21 million it is deflationary by its very design and we havnt even began to discuss its ability to move value across the globe very quickly and cheaply and without the need for an intermediary . Bitcoin or a derivative of BTC like litecoin will replace fiat and all the centralized collectivist power that goes with it. I hold PMs to store my value during the transition from fiat to bitcoin, having said that i have some amazing silver coins that are aesthetically appealing that i will never sell
@@hoomantoo6481 that's the idea but I don't know that means it can NEVER be inflated ya know. I don't want there to be a .00001 percent chance of inflation that's why I choose gold. I get bitcoin is designed right now to only have 21 million but there's some smart tech guys and hackers out there. As long as all gold gets tested there can never be inflation just the small steady yearly increase we can more or less predict. Bitcoin has gone up and down in price very far very fast but when gold shoots the moon it finds a price and more less hovers. Gold seems to either hold steady or go up.
Watch the explosion gold and silver will have once the US moves away from physical dollars and creates a digital fiat. All transactions will be traceable. The only way to have a true anonymous transaction will be to exchange physical precious metals. This will actually give gold and silver new intrinsic value.
Very interesting video! I tend to think about things like this, because historically, gold and silver has never been “worthless”.... meaning it’s always had value somewhere in the world since people began using it for trade. Unlike fiat currency that can be worth $0.00. It is interesting to question why gold/silver always have value. Much like fiat...it’s because we (humans) have always seen it as valuable. I’m new to stacking but have taken a very big interest in learning as much as I can about the community. I’m a real estate guy myself, but I got into PM as a diversification, preservation of wealth, and mainly to leave my daughter with some cool stuff. Lol. I don’t plan on selling, I just plan on passing them to her and letting her decide what she wants to do. Keep stacking or sell... whatever she needs. I just like the idea of leaving something that can possibly help her long into the future. Anyway, sorry for the long rant. Very well done video as well!
According to Martin Armstrong who pretty much called the gold top/bottom, described the forthcoming civil unrest back in 2008 has said that gold would likely top around $5k but also the US stockmarket would also rise alongside as public funds move into private funds aka, not too much money in cash. He's been correct so far.
Nothing and everything has value. Besides both gold and silver were created in the explosion of suns. But most importantly it's shiny. We like shiny. Shiny goood.
Ray Dalio recommends holding Gold in an diversified portfolio. In the case of his all weather portfolio, 7.5%, if I remember correctly. I currently hold approx. 10% Gold. the value of it *may go up in the future, even significantly. Gold is a significant and relevant store of wealth.
I build stacks that are outside of my core position in order to insulate my stack from having to be used in emergency circumstances. Recently I had an expense that exceeded my savings, and I was able to sell 73 ounces of Silver for nearly $1,300, which helped make sure that I had the entire amount (over $6,000) to make the necessary home repairs that I found suddenly necessary. Virtually all of the coins I sold were coins that I'd purchased between 5 to 10 years ago, as part of what I call my sellable Silver. I'd never sold ANY silver in the past, so I was glad to see that it was so easy and that I was offered 100% of spot immediately without any question or debate. So my confidence in the REAL value of Gold & Silver has actually been bolstered by my recent experience. I now need to set my sights on rebuilding my emergency cash, which was only at about $5,300 before my expense came up. Once I get back to $6,000 or $7,000, I will focus on replenishing my sellable Silver. I still have about 80 ounces of sellable Silver, but I'd rather have about 250 ounces of sellable Silver in relation to my core position in Silver, which stands at a very much larger number of ounces than 250.
You're completely correct on all points. All wealth is perception, including silver and gold. I own metal but I know it isn't the future, it was the best store of value we had in the past. We now live in a digital world. We're not going backwards. Cryptos on the blockchain are being implemented behind the scenes worldwide. Metal stackers better swallow their pride and buy some. Recommend the big 3, Bitcoin, Ethereum and Ripple/XRP.
Thanks very much for your comment, who knows what's in store for the future assuming that the world doesn't collapse and explode I certainly can see cryptocurrencies forming a really important part of the world's economy and way of life.
I’ll stick with gold and silver. I’m in my eight’s. If I was younger I might have gotten into crypto. Just want to keep it simple. Keeps my mind at reat
Two years later governments around the world are cracking down hard on cryptocurrency... Metals are holding up beautifully and supply is running out. Premiums driven way up because the real physical market is completely separate from the fake paper and digital economy... No matter how "modern" we get we are still physical beings and wealth will always be in the realm of physical and tangible.
@@alleghenyadventures8561 What are you talking about man. The price of silver is lower now than it was 2 years ago. The price of gold hasn't changed in an environment where it should be exploding in price. Silver is down over 90 percent since its 1980 high. I don't know how you consider this "holding up beautifully". Governments are cracking down on crypto? Really? Maybe crypto mining, but crypto itself is exploding. What was bitcoin a couple years ago? 3-4 thousand. You missed one of the greatest investments of the time period by not buying. Ethereum has gone up 50x. All countries are launching CBDCs, which are in reality digital currencies on blockchains like Ripple and Stellar. There is enough above ground gold and silver to meet industrial use for the next 100 years. Supply isn't running out. Silver has already been demonetized in the 60s, that's why the price dropped 90 percent. Gold will now repeat the process and will go sub $1000.
@@alleghenyadventures8561 Damn man, I just had a look at my comment above from a couple years ago. That would have been the best investment advice of your life if you'd listened.
Everyone likes to value PMs in dollars and that is wrong. You properly value PMs by weight. 1 Oz of gold is worth 1 Oz of gold. Currency has no value other than the worth of the paper it's printed on, which is significantly less than its face value. Therefore 1 Oz of gold is NOT equal to $1500 because $1500 of currency is worth significantly less than an ounce of gold in tangible terms. That's why I trade paper for PMs and never the other way around.
For years I've been eexplaining how "intrinsic value" of inanimate objects is a complete misnomer and a nonsensical concept since value is specifically and *only* something imbued onto something by consciousness beings. The only value any commodity or asset has is the value we individually attach to it. Conflating, as many poorly thinking stackers do, intrinsic properties with alleged "intrinsic value", is perhaps one of the most common misconceptions I've seen within this community. That I acknowledge that precious metals have no intrinsic value doesn't in any way shape or form means they have no value since many millions of people attach value to PMs. Besides, I am a holder and big fan of precious metals. ........ *Platinum to da Moon!* ........
“Value is specifically and only something imbued onto something by consciousness beings”. If we are speaking economically, in one hand an asset has value and yet, on the other hand the same object becomes a liability. For example in housing... most people believe their house/home is an asset. It’s not, it is a liability, it has carrying cost such as insurance, taxes, maintenance. These are all expenses on ownership of the property. However, that same house/property becomes an asset when it is leased and the gross revenue covers said expenses and more. I believe precious metals have intrinsic value. I don’t believe the pricing of metals in U.S. dollars is a good barometer of how much value they really hold. This value is there in these precious metals, despite all of the currency manipulations. Why would someone spend $100 on some silver (with no annual return) instead of buying a stick that pays dividends unless there is some “intrinsic” or natural long term storage value of wealth in these metals. It’s value is in the physical metal, not on what paper printers claim it is or isn’t.
@@HarrisonCountyStudio I agree up until your assertion that PMs have intrinsic value. In the same way that paper Fed notes, cubic zirconia, dog feces, a parcel (lot) of property, and literally anything have no value outside of the value that humans attach to them, so too is that true for blobs of metal that humans just decided to call "precious" because of their intrinsic *properties* and *characteristics* . "Value" is always something that humans attach to things.....ergo, value is never intrinsic to inanimate objects. If humans never existed, what would be the specific alleged intrinsic value of silver? Please be very specific.
Very cool ancient coin. I am a lot younger than that coin and thankfully no one has pointed out all the nicks and scratches I have. Happy Hunting and Stacking! GD
You can trade fiat currency for Precious metal now and in the Future you trade it back in to a coin store for a future Spot price that is likely to be more than you bought it for. Holding is an investment, an asset, something to hold value, purchasing power, a Hedge against Inflation..Each person should have at least 3% to 5% of their wealth in metal. Just in Case!
I feel you so hard with this. Serious. Buying gold, silver, and crypto feels SO much better then just sitting on paper. Like, people fucking work to the bone for money. At least all three assets have a better proven track record than paper currency. Being invested gives me hope. That voice comes in your head, that dark one, and my metals and bit moonshot is what keeps me here.
1.) Can hold it in your hand. 2.) Relatively rare. 3.) Not easily faked. 4.) Easily divisible. 5.) Large value in small weight. Those are my reasons for converting fiat to bullion and coins.
I can see a return to Gold Standard currencies in the not too distant future. That's when gold (and silver) will have a 'real' value again. Also, people are no longer transacting in real money and almost every payment is made electronically. This could eventually lead to mistrust as that is more open to manipulation and corruption. Something like gold which is both tangible and rare could once again be where our trust lies.
@@coolsmp6688 Both China and Russia are stacking huge amounts of gold to try and move away from the Dollar as the international exchange currency. China is hoping to make the Yen an alternative to the dollar. If that did happen, the dollar would collapse. The USA is over $45 trillion dollars in debt ($22.5 trillion in actual debt and another $22.5 trillion swashing around the world as a fiat currency paying for oil and arms). The USA (which just runs the printing presses whenever they give overseas 'aid' to Third World countries to buy US arms) can never allow that currency to come back home. But if China does break away, those useless dollars could start to make their way back to the USA and undermine the currency.
I personally cannot see a world where the gold standard returns. We have such a different world to contend with now and there simply would not be enough gold and silver to contend with all the financial requirements. It would also stifle growth completely for any country that did not have enough gold. It could fuel world wars! Not going to happen.
It also has antibiotic properties much l ok ke copper. Copper was used for doorknobs for a reason. Jve also read about the people headed west in covered wagons would drop a silver county or two in their water barrels.
As i explained below and defined in my book Political Economy 2nd edition from 1867. It also shows in comparison how little the dollar has value and why gold is $1400 per oz because it takes that many more dollars to buy it as well as silver. But they currently manipulate its value to keep the value where they need it to be. If the dollar was backed again by gold and silver and the FED debt ceiling was truly revealed imagine what it's value really would currently be.
BTW... Fiat and cryptocurrency to me are like baseball cards or cars. They are interesting and fun for those who want them but overall man can always replicate what man has made.
Some people spend $1000 on video games and only get entertainment value. Most tangible items have some intrinsic value though most degrade in different degrees. Silver and gold will always have some form of value. If you're looking to get rich off of it, will likely never happen. If someone bought 1000 American Eagles when the spot was $15, they spent about $17,400 +/-. At the recent height, if they sold, probably got $19k but probably less. Most probably would have held, it slipped, they thought it would continue back up but now they are either even or at a slight loss. Either way, it still has value to some degree do the long winded answer is yes, it does have intrinsic value.
we live on a finite planet it only has so much resources when its gone its gone and its not coming back and the human species are not going where no man as ever been before keep stacking
Silver is actually rarer than gold. Silver is 17.5 times more abundant in the Earth's crust than gold. But the amount of above-ground gold available far exceeds that of silver. In 1950, there were 10 billion ounces of available silver above ground. By 1980, that number shrank to 3.5 billion. In 2018 there was just slightly more than 6 billion troy ounces of gold above the ground, and about 4 billion ounces of silver bullion above the ground.
Gold and silver will always be worth the time and energy that it took to mine it. As the cost of mining the metal increases so will the metal. You can't hold the metal without feeling the intrinsic value it holds even though you might not know what it takes to mine it. Just like you understand the value of food on your plate even though you might not know what it takes to get it there. At some level I believe that we instinctively understand the value of gold and silver just by holding in our hands.
It's real simple, value is in the eye of the beholder. So we assign value. Gold and silver are just metals that were agreed upon by those in power to be of value. This goes all the way back to the Samaritans. So I think that Bitcoin is valuable, what's the difference.
Gold, Silver and Crypto have a value - the amount you need to invest to mine them. All three needs plenty of energy to mine. Also you see that the price is always close to its mining cost plus a premium. Will that stay for the future? We will see
Thanks mate for your realistic opinion on PMs. I love my silver and gold stack. But I am not motivated by financial collapse of the fiat currency, even though it is wise to make plans. I like my fiat Australian currency. One day all fiat currency goes through a reset. I hate all the doom and gloom out there in the stacking world that drives fear and greed. Some stacker`s actually wish for a world recession or depressing to profit. I am from another opinion, we see it as insurance, just like we insure our car, house, job and life insurance. But I am a coin collector. I love PM coins. Yes, it`s true money and holds up against inflation over many decades combined.
artificially suppressed for the betterment of mankind. we NEED silver in many ordinary functions of ALL humans. (clean drinking water is too by the way, but they know what would happen if we did price water to it's true intrinsic value) else your computer would be 10x the price same with your phone. medical tools, military, industrial …...would CEASE (no one would have one) "I'd shoot you if I could afford it!" - Chris Rock …….....wait a minute, think i'm onto something that explains all the worlds problems SILVER TO THE MOON BABY!
I saw a video where a dude would go up to people and give them of a choice of having a Hershey's bar or 1oz of silver...mostly all took the candy...lol smh
From what I understand there was a time in the ancient world where Tin was worth more then gold now it’s about 60$ a ton American lol could you imagine
Are you sure you're not thinking about aluminum? That was a precious metal because reversing the oxidization process was impossible until around 1890 with the Hall-Héroult process. I've never heard of tin.
Richard Wicks I’m not sure I can’t find the exact source it’s been so long but I do know that tin was relatively rare in ancient times and was essential in making bronze and it usually had to be transported a long distance it was def worth far more in ancient times then now for sure but I can’t really find any actual evidence for its value compared to gold so I could very well be wrong
@@treasurehuntingnewyork5979 You may be correct for all I know, but it seemed to me that it was unlikely that tin was every highly valued. Certainly it's not been for many centuries. I just thought you may be mistaking it for aluminum because that was once more valuable than gold, only 150 years ago. Now you drink soda from cans made out of it.
The dollar has lost 97% of its value since 1913. An ounce of silver will buy 3 months worth of food in Venezuela due to fiat currency hyperinflation. The dollar is a fiat currency too, and every fiat currency in history has gone to zero. Therefore, yes, at one point people will be paying thousands of (dollars) for an ounce of silver or gold, and soon after that the price in dollars will be irrelevant. Its called loss of confidence. PM's will always be the ultimate store of value, not paper or promises. #endtheFed
I think great many people would probably say the same as you. that said that we be as many people who were just take the box of cash! I love this parliament house Florins they're absolutely incredible
@@BackyardBullion In movie "300" there was this guy Xerxes all covered in gold. Basically in ancient texts, the gods (which is simply a family of aliens who created us,) needed gold (to save their own planet) and people saw that and adopted as a valuable thing. That is one point of a view.
n movie "300" there was this guy Xerxes all covered in gold. Basically in ancient texts, the gods (which is simply a family of aliens who created us,) needed gold (to save their own planet) and people saw that and adopted as a valuable thing. That is one point of a view.
Question is what is the price without Manipulation. Human population have grown by around 20x in the last 200 years - if the currency crashes billions of ppl will try to enter the market and at the same time us banks can't afford to damp the price. So the price can go to the moon as example on every ounce of physical silver 200 ounces of paper silver are coming additionally silver is undervalued in relation to gold. For the working of our electronics industry the prices of precious metals must be manipulated to enable affordable electronics. But in crisis the mechanisms can break. Especially when trust in everything else breaks only other commodities remain like wheat, rice etc. Spin crisis many ppl are willing to pay massive amounts of fiat money into gold and silver. So the price can go to the moon in the moment fiat Crashs.
About as much as toilet paper. If the presumed value of a paper asset loses significance, you can only use it at the toilet as it is printed both sides and unfit as writing paper.
@@robendert7617 I even stack silver and gold but there isn't a big difference between money and gold because gold is just as worth it we think it is it could even drop under 100$ or even lower we shouldn't forget that
i think the question of "value" confuses the discussion. the amount of commodities critical to human survival are in short supply at any given moment (food, oil, etc.). many such items have inventory levels that would last a few weeks to a few months before depletion, if not continuously produced. nevertheless, we have massive fortunes and personal wealth in much of the developed world. monetary wealth (fiat or otherwise) is a claim on some share of that inventory. is there a contradiction here between the amount of wealth being claimed and the amount available in a tangible form at any given time? no. for one thing, not everyone is going to redeem their claims in their entirety at the same time (this should be an obvious trivial fact). but the non-trivial insight is that money is really a claim against _future_ consumption much more than it is a claim against present consumption. a claim against future production is a supposition that various industries will persist into the future and be productive at a normal rate. how is it that industries are productive enough to settle the implicit debt represent by present-day stocks of wealth, i.e. "money"? the answer is that future production depends on a functioning economy; rule of law; property rights; organizational capital/know-how; and good legal, political, and economic institutions. the "debt" we owe by holding wealth in the form of money is an obligation not to lose our shit as a society in the future. note that as technology has progressed, the relative amount of future promises (obligations) have increased. that is what it means for average human wealth to increase. for that reason, a comparison today to the expectations of a Roman peasant with respect to wealth is vastly different. this observation is important in considering the difference different currencies will have on outcomes. so what is the difference between fiat currency and gold or silver in the modern world? based on the argument above, both mostly predicate their purchasing power on the amount of useful products and services produced in the future. if production falls, then the same nominal wealth chases a dwindling supply and we have inflation. if production grows, we have steady prices or even deflation. but gold and silver are _hardly_ different from fiat currencies in sensitivity to future production. the _only_ advantage gold and silver have is the extent to which they are a direct input into economic activity that goes into producing future products. silver, as noted, is useful in electronics (and to a lesser extent, so is gold) and, of course, as jewelry. but beyond a few specific uses (for which less ideal substitutes exist), they are nearly as useless as fiat currency in producing most of the billions of products humans can currently buy. what has value in the world then? real value is in the _mechanisms_ that produce wealth. a lot of these mechanisms are the intangible elements mentioned above (e.g. knowledge and institutions). it's wrong to thing of wealth as a stock when most wealth in the world is an anticipation of future _flows_ of production. there will always be a tension of the sort silver and gold stackers have with respect to "tangible value" because the future is inherently intangible and uncertain. what is the most tangible representation of this intangible wealth-creating mechanism? i think clearly the answer would be shares of company stock because they represent organizational capital and knowledge that can create future products and services. silver and gold are inert and do nothing productive; a company is not inert and (if well managed) will produce products and services, as well as innovate to anticipate and cater to what future needs society has.
Any metal thats scarce has to be a good infationary investment, long term. Blockchain cryptos like bitcoin are good on a shorter term but i think they will be superceded by better technology and will all go to zero ... but fiat will die first.
Yeah buddy ,the gold is representative of the sun and cannot be divided with any other metal and does not break down or tarnish with time hence its divine nature,(drop the L.....)silver is representative of the moon ,both cast a similar light frequency of their celestial beings when cast in open white light . Value is partly based on the amount of influence the sun and the moon have on all life on earth.👽
@@BackyardBullion According to the Inflation Calculator, $35 in 1970, had the purchasing value of, $231.61, in 2019 dollars. Yes, the Gold price was artificially pegged in 1970. In 1998, Gold was at $294.12 It was just a few years ago, that Gold bugs were predicting $10,000 Gold. That hasn't happened yet, it is fear and speculation that drives the Gold Market.
They are not called precious metals by chance, the ancients knew their properties more than we do. You can ALLWAYS trade your silver/gold for things, especially in a crisis or war period. Crypto is vulnerable as a duck in the woods.
Anything that has a beginning..has an end. The creation of fiat currency by man, will eventually be destroyed by man..is that not the law of nature, that events are cyclical.
I apologize for my ignorance, but what are those owl coins you have? I love them and think they are beautiful. Where can I get some? Love from Youngstown Ohio, USA.
They are 1 ounce silver rounds made in the likeness of ancient Greek coins. They can be purchased for a small amount over the spot price of silver. Figure one will set you back somewhere around $20. Check out JM Bullion or search on "Silver Rounds for sale"
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I think precious metals is not in rocks, but are MADE from rocks with other ingredients. The occult kabbalah speaks about it. So yes I think we are fooling ourselves.
Try selling you gold or silver now for spot. Won't happen because people would rather buy from a retailer. Likewise go into a shop with an employee with a third grade education and explain why your quarter is worth more than 25cents.
I think the argument that Silver will ever "go away" is stupid. People save Gold, but they don't save Silver. Now how could we get more. The answer is space. There is a ridiculous amount of Silver in space, right in Earth's backyard.
@@BackyardBullion Sure, you can also buy it via companies such as GoldMoney or bullionvault if you dont want to sit on large piles of silver in your living room (some you should keep on demand as cash at home but not all)
@@BackyardBullion I like silver and gold too but most people don't know what it's worth or are too scared it's fake to accept it as payment for anything
I don't believe in emp but computer crash or hack of future digital currency which replaces paper could happen as some one will try it just to see if they can( teenagers). Can always use to make colloidal silver,gold or beat into a nice spoon
no value is based on supply and demand. i can spend all day making a mural out of my own shit on my living room wall but i doubt anyone will value my efforts
@@alquinn8576 would value mean the difference between cost of production and sale price . Supply and demand would dictate the price of product , but not cost of production .
@@NathanMorgan1976 there is profit and consumer surplus that account for the difference between production cost and sales price. in competitive markets, profits are low and consumer surplus is high.
art is not very liquid silver gold wil Always be excepted thing with gold silver try gooing to a baker and buy a bread you wil get a bread for sure but how much silver and is it real technicly i would have to meklt it in front of him wich would cost energy and farm land is taxed if you dont farm on it and get a fair price you loose if your crops fail you loose even moore lets make no mistake here the banks are not stupid as lenin said caucht between the mil of taxation and inflation and of course stop paying taxes on your house and they wil send someone with a gun ergo facism
Gold and silver are the way to go. My crypto wallet has been frozen. I am a prisoner of the banking system. I must pay $35 wire transfer each time to add money. Also, when cashing some money I have to go to he bank to be told you can’t take that much out in cash or delays. Plus, much risk with crypto wallets being monitored and could be hacked or company could close without notice or such. So gold and silver in hand is my protection from fees and bullshit rules holding my money.
You're hiding the truth about crypto wallets ... Everyone should know that you can secure your crypto off of an exchange and place it a hard wallet that only you have the key to . What are you thinking !
I liked the process of challenge that you used in this presentation. My comment is more of a question. When people lose trust in the fiat currency, why is it that they always seek safety in an asset with no third party risk ? Is it the survival instinct ?
What is totally uncertain about gold is will the state try to confiscate it. This time it might be more efficient. Btw did any known government tried to confiscate silver?
Countries all over the world are on the verge of launching gold backed crypto currencies. The future of money. Not long after that it will be silver backed crypto's. THIS is the inevitable future. The return of the gold standard...and a silver standard. Global asset backed crypto-currencies. The only thing that this person and other silver stackers are "kidding" themselves about is the anticipated future value of an ounce of silver. silver will be in the thousands of dollars per ounce at a minimum.
It's worth the same. Globally. Venezuela's currency has inflated, but silver has the same price spot there as here (US/UK). Can you buy more there, today, with an ounce of Silver than before their currency inflated? That is the question. Do people/businesses accept gold and silver as currency?
AH Imaging I know, that’s my point. When fiat becomes worthless like in Venezuela it’s extremely important to freeze your wealth in a globally accepted form of currency 💴.👍🏻
Humphrey Jones Apologies good sir. Didn’t mean to offend anyone. But what he wrote makes no sense. Looking at the gold and silver prices in another country as if they were different is incorrect. And yes, we all got the point.
You CAN store food for long term (as much as 30 years dry canning) The value of metals is going to depend entirely on the scenario that you're saving them for. If it's a depression or recession scenario, metals should do very well.....if it's a disaster scenario like a major comet hit or volcanic eruption, then metal will be worthless, as will fiat currency....food, fuel and especially guns and bullets will rule the day and be of the greatest value.
This is something my dad told me years ago said his dad told him. Silver and gold hold and have value. And if you take all other reason out. You still have the biggest one. Men like women , women like shiney stuff gold and silver are shiny there for they will all ways have value.
Why does money have value? Because of its ability to function exceptionally well as a store of value by performing the best relative to other assets according to the parameters below. 1) Fungibility- uniform pieces that can be swapped, not unique like a diamond, each with individual grades. 2) Transportable - make it to market to be able to exchange, unlike real estate. 3) Durable - reliable store of wealth does not decay. Not steel, salt, or tea. 4) Recognizable - To have credibility, must be able to easily identify as authentic. 5) Divisible - scale to transaction size. Not livestock. 6) Limited supply - concentrates value to small quantity. Not seashells. 7) Unconsummable - pragmatic value can't exceed wealth storage value. Not oil. 8) Has intrinsic value; protects purchasing power. 9)Non-counterfeitable; can't easily duplicate, also speaks to credibility. Widespread faith in the system built on trust. Built-in trust is a must. Money is stored economic energy; its a store of value plus a medium of exchange. Currency is a medium of exchange, but not a store of value. Bitcoin is an open source project. Anyone can issue their own bitcoin project anytime, therefore any project will perpetually be at risk of being superceded by a better crypto project. Crypto's utility is based on its performance as money and service in proving transactions with high credibility. Gold/silver have a leg up in storing value because the periodic table is limited by the universe, there are no new stable elements being "invented". Crypto could be good currency, but not the best money.
Yes, this definitely helped. But also the vast majority of people did not live past 40-50. Only the lucky few. Disease, injury, illnesses were not easily fought back before modern medicine. But, yes some people would be lucky to live until their 70's but it was not the normal
@@BackyardBullion Just google life expectancy myth..."the inclusion of infant mortality rates in calculating life expectancy creates the mistaken impression that earlier generations died at a young age; Americans were not dying en masse at the age of 46 in 1907. The fact is that the maximum human lifespan - a concept often confused with "life expectancy" - has remained more or less the same for thousands of years. The idea that our ancestors routinely died young (say, at age 40) has no basis in scientific fact."
I disagree. You cannot possibly say people lived the same today as 1000 years ago!!! Yes, some would, but the vast majority died in their 40's and 50's. There was no medications to treat illnesses, cancer treatments, all of the medical marvels we have today. We are looking at AVERAGES. Just use logic and you will see what I mean
@@BackyardBullion just use statistics and you will see what I mean. Human lifespans have been constant for over 2000 years. You are eating the myth up that you were told in school and that other people like you repeat with no knowledge of facts regarding it. Google takes 5 seconds. www.google.com/amp/s/www.livescience.com/amp/10569-human-lifespans-constant-2-000-years.html?espv=1
"Time magazine recently estimated that for a millennial with 40 years until retirement, $1 million in savings is not likely sufficient. Taking into account 3% inflation over that time period, it would be worth just $306,000 in today's dollars."
Physical assets protect wealth. The most wealthy in the world grew and maintain their wealth with capital, not ordinary jobs. Gold and silver should provide support against devaluation. (Hopefully) lol. My retirement somewhat will depend on it. Lol
Thats why its important to invest your money wisely. Not only in gold and silver which is wealth preservation but assests which grow
This is exactly why I think it's important to have some of your long-term savings in a physical asset like gold and silver. Thanks for stopping by and sharing your thoughts!
Time magazine recently clarified their position. "We assumed this millennial who managed to save $1M with 40 years until retirement actually won this amount on a lottery and put the savings into their local bank where it would earn 0.05% interest in a savings account. Yes, we realize most people invest their retirement money in quality companies where it could grow and easily outpace inflation. We just assumed it wasn't for this scenario." :)
p.s. This is a fake quote!
@Cheeky MGTOW If that happens you better hope you have guns, ammo, food, and water. You say when as if it is an absolute and hate to say it but IF that happens then gold and silver will be one of the least of your worries. Better to have a diversified portfolio and hedge against all types of unforeseen circumstances. Treat your portfolio much like you are supposed to treat your body, with a good balance of nutrition not all of one thing or another.
And JP Morgan said “gold is money, everything else is credit.”
He said that before the advent of Bitcoin.
jp was just a sockpuppet just like many others
and now its just a sockpuppet company
we wil never win china wil be the next paradigm
greetings from houthulst west vlaanderen ww1 graveyard
1 ounce of dgold the rest silver and invest in your house
yes a house cost and is a liabilety but what most one do
and try growing food
I buy silver because I like buying silver. I like the look of it, the feel of it, the fact that it was been valued by ancient civilisations. I have paid my mortgage off and have a bit of money in the bank, but I still love the feeling of handling my silver coins, gold coins, silver bars etc. I don't really expect silver to shoot the moon anytime soon......but it is nice to dream about it occasionally 🤔
I think about 50% of stackers are similar in thought. For the most part if they are aware of silver, they’ve probably taken care of other things as well. Not much frivolous spending in the stacker community, it’s an in addition to the home, car and other stuff bought and paid for already. The other side is the shoot the moon stacker, they are essentially buying lottery tickets that can’t lose on til frivolous spending forces them to sell.
when governments took silver out of circulation, that is exactly the moment a dollar was worth the amount of silver in that coin. After that moment a dollar lost it's value to silver.
Yes indeed - its now just the belief in the value of Fiat that powers the world.
My recall we got 4$ for silver change in65 thought was pretty cool lbj said they would circulate togher ....HE LIED TO US.....NAM .GREAT SOCIETY .GUNS &BUTTER LBJ.🤔
When I was a child one silver dollar would buy 10 loaves of bread. One paper dollar would buy 10 loaves of bread. Today one silver dollar will still buy 10 loaves of bread. One loaf of bread is about about three paper dollars. Question: has the price of bread gone up?
Amen!
I must confess that I like currency. I was raised this way and I would rather not want to Stack something, that maybe hold or increase its value to store my economic energy. But in this „modern world“ as you call it - where everything is based on debt and a devaluing currency with doubtful life expectancy - I just don’t have another chance. And so I adopted this thought (hope). It’s just that easy to explain. To mention is, that I am from Germany. We have lots of experiences with expiring currencies.
Thanks very much for sharing your thoughts, a lot of it is indeed about how you were brought up and your perceptions of the world around you based on the views of others that have come before you.
Just wanted to mention, the way you make your videos is almost like an essay in video form. Your setup is just perfect, keep up the great work.
Objectivity is the key
Thank you very much for the feedback - I don't actually script these videos at all - just ramble at the camera.
There's something about the UK stackers I follow on UA-cam (you, Shadow Stack) that's very level headed and appealing to my sensibilities that I truly appreciate.
The value of metals is always based on the price to refine it, vs it's demand. We can affect its value by buying more of it and hoarding it. If you want your Metals to increase, buy more!!
Balin: Dragon sickness. I’ve seen it before. That look, the terrible need. It is a fierce and jealous love, Bilbo. It sent his grandfather mad.
My own.. my precious!
Even if we don't use gold and silver as money anymore it has still a value and people belive in it, that we do it for thousands of years plays a big role. No country would have gold reserves if it wouldn't have any value. With it's use as jewelry and for industrial uses it will never be worthless.
I totally agree my friends the fact that there are big countries out there holding all of this stuff is a strong indicator that it has value!
Spot on
Everyone needs to be ultra careful with regards to possible fraudulent/fake gold and silver bars and coins.
I like physical gold and silver because it is part my diversification in investments. You never know
This is a great way to look at silver and gold. Thanks for stopping by and commenting!
We went from living money like livestock to metal money then paper money then crypto which is invisible digital money that you can't hold. All have chance of inflation except the gold and silver you can't print it or multiply it and it has a natural predictable increase per year. Gold and silver wins by a wide margin and to top it off it's so damn pretty.
This is indeed the one thing that a physical asset will always have in its favour.
Unfortunately the market for gold and silver just like any market can still be manipulated
I hold PMs and some crypto, i have to disagree with you on some cryptos Bitcoin for example has a fixed amount ,there will never be more than 21 million it is deflationary by its very design and we havnt even began to discuss its ability to move value across the globe very quickly and cheaply and without the need for an intermediary . Bitcoin or a derivative of BTC like litecoin will replace fiat and all the centralized collectivist power that goes with it. I hold PMs to store my value during the transition from fiat to bitcoin, having said that i have some amazing silver coins that are aesthetically appealing that i will never sell
@@hoomantoo6481 that's the idea but I don't know that means it can NEVER be inflated ya know. I don't want there to be a .00001 percent chance of inflation that's why I choose gold. I get bitcoin is designed right now to only have 21 million but there's some smart tech guys and hackers out there. As long as all gold gets tested there can never be inflation just the small steady yearly increase we can more or less predict. Bitcoin has gone up and down in price very far very fast but when gold shoots the moon it finds a price and more less hovers. Gold seems to either hold steady or go up.
@@hoomantoo6481 I'll take a few millennia run over a decade run any day lol slow and steady wins the race.
Watch the explosion gold and silver will have once the US moves away from physical dollars and creates a digital fiat. All transactions will be traceable. The only way to have a true anonymous transaction will be to exchange physical precious metals. This will actually give gold and silver new intrinsic value.
Very interesting video! I tend to think about things like this, because historically, gold and silver has never been “worthless”.... meaning it’s always had value somewhere in the world since people began using it for trade. Unlike fiat currency that can be worth $0.00. It is interesting to question why gold/silver always have value. Much like fiat...it’s because we (humans) have always seen it as valuable. I’m new to stacking but have taken a very big interest in learning as much as I can about the community. I’m a real estate guy myself, but I got into PM as a diversification, preservation of wealth, and mainly to leave my daughter with some cool stuff. Lol. I don’t plan on selling, I just plan on passing them to her and letting her decide what she wants to do. Keep stacking or sell... whatever she needs. I just like the idea of leaving something that can possibly help her long into the future. Anyway, sorry for the long rant. Very well done video as well!
According to Martin Armstrong who pretty much called the gold top/bottom, described the forthcoming civil unrest back in 2008 has said that gold would likely top around $5k but also the US stockmarket would also rise alongside as public funds move into private funds aka, not too much money in cash. He's been correct so far.
Nothing and everything has value. Besides both gold and silver were created in the explosion of suns. But most importantly it's shiny. We like shiny. Shiny goood.
shiny good; orange man bad
Ray Dalio recommends holding Gold in an diversified portfolio. In the case of his all weather portfolio, 7.5%, if I remember correctly. I currently hold approx. 10% Gold. the value of it *may go up in the future, even significantly. Gold is a significant and relevant store of wealth.
I build stacks that are outside of my core position in order to insulate my stack from having to be used in emergency circumstances. Recently I had an expense that exceeded my savings, and I was able to sell 73 ounces of Silver for nearly $1,300, which helped make sure that I had the entire amount (over $6,000) to make the necessary home repairs that I found suddenly necessary. Virtually all of the coins I sold were coins that I'd purchased between 5 to 10 years ago, as part of what I call my sellable Silver. I'd never sold ANY silver in the past, so I was glad to see that it was so easy and that I was offered 100% of spot immediately without any question or debate. So my confidence in the REAL value of Gold & Silver has actually been bolstered by my recent experience. I now need to set my sights on rebuilding my emergency cash, which was only at about $5,300 before my expense came up. Once I get back to $6,000 or $7,000, I will focus on replenishing my sellable Silver. I still have about 80 ounces of sellable Silver, but I'd rather have about 250 ounces of sellable Silver in relation to my core position in Silver, which stands at a very much larger number of ounces than 250.
Thanks very much for sharing your insights and thoughts on this very interesting subject.
Silver is 👍
Forget Gold and Silver!.....It's nearly 2020 and Beanie Babies is where it's at!
I knew I should have bought two of each beanie babies back in the day
I never got into beanie babies - but the returns could be great!
I laugh at your Beanie Babies. You should have your money in Magic: The Gathering cards!
Stan Sbornak don’t forget hot wheels...redlines...I sold a mustang for $200....amazed me !
Keep it for the future. It will never decrease in value.
Well, metals go up and down so in a way they do decrease in value a little bit but on the whole they will hold their value or go up I agree.
You're completely correct on all points. All wealth is perception, including silver and gold. I own metal but I know it isn't the future, it was the best store of value we had in the past. We now live in a digital world. We're not going backwards. Cryptos on the blockchain are being implemented behind the scenes worldwide. Metal stackers better swallow their pride and buy some. Recommend the big 3, Bitcoin, Ethereum and Ripple/XRP.
Thanks very much for your comment, who knows what's in store for the future assuming that the world doesn't collapse and explode I certainly can see cryptocurrencies forming a really important part of the world's economy and way of life.
I’ll stick with gold and silver. I’m in my eight’s. If I was younger I might have gotten into crypto. Just want to keep it simple. Keeps my mind at reat
Two years later governments around the world are cracking down hard on cryptocurrency... Metals are holding up beautifully and supply is running out. Premiums driven way up because the real physical market is completely separate from the fake paper and digital economy... No matter how "modern" we get we are still physical beings and wealth will always be in the realm of physical and tangible.
@@alleghenyadventures8561 What are you talking about man. The price of silver is lower now than it was 2 years ago. The price of gold hasn't changed in an environment where it should be exploding in price. Silver is down over 90 percent since its 1980 high. I don't know how you consider this "holding up beautifully". Governments are cracking down on crypto? Really? Maybe crypto mining, but crypto itself is exploding. What was bitcoin a couple years ago? 3-4 thousand. You missed one of the greatest investments of the time period by not buying. Ethereum has gone up 50x. All countries are launching CBDCs, which are in reality digital currencies on blockchains like Ripple and Stellar. There is enough above ground gold and silver to meet industrial use for the next 100 years. Supply isn't running out. Silver has already been demonetized in the 60s, that's why the price dropped 90 percent. Gold will now repeat the process and will go sub $1000.
@@alleghenyadventures8561 Damn man, I just had a look at my comment above from a couple years ago. That would have been the best investment advice of your life if you'd listened.
In Gold We Trust
Indeed we do!
Everyone likes to value PMs in dollars and that is wrong. You properly value PMs by weight. 1 Oz of gold is worth 1 Oz of gold. Currency has no value other than the worth of the paper it's printed on, which is significantly less than its face value. Therefore 1 Oz of gold is NOT equal to $1500 because $1500 of currency is worth significantly less than an ounce of gold in tangible terms. That's why I trade paper for PMs and never the other way around.
I totally agree and in fact this is a very interesting topic that I might well do a video one at some point in the future.
For years I've been eexplaining how "intrinsic value" of inanimate objects is a complete misnomer and a nonsensical concept since value is specifically and *only* something imbued onto something by consciousness beings. The only value any commodity or asset has is the value we individually attach to it.
Conflating, as many poorly thinking stackers do, intrinsic properties with alleged "intrinsic value", is perhaps one of the most common misconceptions I've seen within this community.
That I acknowledge that precious metals have no intrinsic value doesn't in any way shape or form means they have no value since many millions of people attach value to PMs. Besides, I am a holder and big fan of precious metals.
........ *Platinum to da Moon!* ........
“Value is specifically and only something imbued onto something by consciousness beings”. If we are speaking economically, in one hand an asset has value and yet, on the other hand the same object becomes a liability. For example in housing... most people believe their house/home is an asset. It’s not, it is a liability, it has carrying cost such as insurance, taxes, maintenance. These are all expenses on ownership of the property. However, that same house/property becomes an asset when it is leased and the gross revenue covers said expenses and more.
I believe precious metals have intrinsic value. I don’t believe the pricing of metals in U.S. dollars is a good barometer of how much value they really hold. This value is there in these precious metals, despite all of the currency manipulations. Why would someone spend $100 on some silver (with no annual return) instead of buying a stick that pays dividends unless there is some “intrinsic” or natural long term storage value of wealth in these metals. It’s value is in the physical metal, not on what paper printers claim it is or isn’t.
@@HarrisonCountyStudio I agree up until your assertion that PMs have intrinsic value. In the same way that paper Fed notes, cubic zirconia, dog feces, a parcel (lot) of property, and literally anything have no value outside of the value that humans attach to them, so too is that true for blobs of metal that humans just decided to call "precious" because of their intrinsic *properties* and *characteristics* .
"Value" is always something that humans attach to things.....ergo, value is never intrinsic to inanimate objects.
If humans never existed, what would be the specific alleged intrinsic value of silver? Please be very specific.
I cannot be the only viewer that thinks of those (large) Gold bars that use to watch in the James Bond films decades ago.
Very cool ancient coin. I am a lot younger than that coin and thankfully no one has pointed out all the nicks and scratches I have. Happy Hunting and Stacking! GD
It's a very cool coin indeed!
You can trade fiat currency for Precious metal now and in the Future you trade it back in to a coin store for a future Spot price that is likely to be more than you bought it for. Holding is an investment, an asset, something to hold value, purchasing power, a Hedge against Inflation..Each person should have at least 3% to 5% of their wealth in metal. Just in Case!
Yes . The world is run by takers not savers. But it beats suicide
Gives me hope
Fair enough!
I feel you so hard with this. Serious. Buying gold, silver, and crypto feels SO much better then just sitting on paper. Like, people fucking work to the bone for money. At least all three assets have a better proven track record than paper currency. Being invested gives me hope. That voice comes in your head, that dark one, and my metals and bit moonshot is what keeps me here.
1.) Can hold it in your hand. 2.) Relatively rare. 3.) Not easily faked. 4.) Easily divisible. 5.) Large value in small weight. Those are my reasons for converting fiat to bullion and coins.
Your 5 step plan sounds pretty perfect!
I can see a return to Gold Standard currencies in the not too distant future. That's when gold (and silver) will have a 'real' value again. Also, people are no longer transacting in real money and almost every payment is made electronically. This could eventually lead to mistrust as that is more open to manipulation and corruption. Something like gold which is both tangible and rare could once again be where our trust lies.
I think a return to the gold standard is highly unlikely
@@coolsmp6688 Both China and Russia are stacking huge amounts of gold to try and move away from the Dollar as the international exchange currency. China is hoping to make the Yen an alternative to the dollar. If that did happen, the dollar would collapse. The USA is over $45 trillion dollars in debt ($22.5 trillion in actual debt and another $22.5 trillion swashing around the world as a fiat currency paying for oil and arms). The USA (which just runs the printing presses whenever they give overseas 'aid' to Third World countries to buy US arms) can never allow that currency to come back home. But if China does break away, those useless dollars could start to make their way back to the USA and undermine the currency.
I personally cannot see a world where the gold standard returns. We have such a different world to contend with now and there simply would not be enough gold and silver to contend with all the financial requirements. It would also stifle growth completely for any country that did not have enough gold. It could fuel world wars! Not going to happen.
It also has antibiotic properties much l ok ke copper. Copper was used for doorknobs for a reason. Jve also read about the people headed west in covered wagons would drop a silver county or two in their water barrels.
As i explained below and defined in my book Political Economy 2nd edition from 1867.
It also shows in comparison how little the dollar has value and why gold is $1400 per oz because it takes that many more dollars to buy it as well as silver.
But they currently manipulate its value to keep the value where they need it to be.
If the dollar was backed again by gold and silver and the FED debt ceiling was truly revealed imagine what it's value really would currently be.
I'm really enjoying your channel, keep up the great work 👍
BTW... Fiat and cryptocurrency to me are like baseball cards or cars. They are interesting and fun for those who want them but overall man can always replicate what man has made.
Some people spend $1000 on video games and only get entertainment value. Most tangible items have some intrinsic value though most degrade in different degrees. Silver and gold will always have some form of value. If you're looking to get rich off of it, will likely never happen. If someone bought 1000 American Eagles when the spot was $15, they spent about $17,400 +/-. At the recent height, if they sold, probably got $19k but probably less. Most probably would have held, it slipped, they thought it would continue back up but now they are either even or at a slight loss. Either way, it still has value to some degree do the long winded answer is yes, it does have intrinsic value.
we live on a finite planet it only has so much resources when its gone its gone and its not coming back and the human species are not going where no man as ever been before keep stacking
Nobody really truly knows how much is out there, there could be an absolutely ginormous piece of gold sitting somewhere undiscovered!
Yeah it all evaporates in to space not be recovered ever.
Silver is actually rarer than gold. Silver is 17.5 times more abundant in the Earth's crust than gold. But the amount of above-ground gold available far exceeds that of silver. In 1950, there were 10 billion ounces of available silver above ground. By 1980, that number shrank to 3.5 billion. In 2018 there was just slightly more than 6 billion troy ounces of gold above the ground, and about 4 billion ounces of silver bullion above the ground.
Well, maybe but it's not in the mined world
Gold and silver will always be worth the time and energy that it took to mine it.
As the cost of mining the metal increases so will the metal.
You can't hold the metal without feeling the intrinsic value it holds even though you might not know what it takes to mine it.
Just like you understand the value of food on your plate even though you might not know what it takes to get it there.
At some level I believe that we instinctively understand the value of gold and silver just by holding in our hands.
It's real simple, value is in the eye of the beholder. So we assign value. Gold and silver are just metals that were agreed upon by those in power to be of value. This goes all the way back to the Samaritans. So I think that Bitcoin is valuable, what's the difference.
You make a very good point! Thanks for stopping by and commenting!
Gold, Silver and Crypto have a value - the amount you need to invest to mine them. All three needs plenty of energy to mine. Also you see that the price is always close to its mining cost plus a premium.
Will that stay for the future? We will see
Well done. Definitely something to think about.
Glad you enjoyed the show!
Thanks mate for your realistic opinion on PMs. I love my silver and gold stack. But I am not motivated by financial collapse of the fiat currency, even though it is wise to make plans. I like my fiat Australian currency. One day all fiat currency goes through a reset. I hate all the doom and gloom out there in the stacking world that drives fear and greed. Some stacker`s actually wish for a world recession or depressing to profit. I am from another opinion, we see it as insurance, just like we insure our car, house, job and life insurance. But I am a coin collector. I love PM coins. Yes, it`s true money and holds up against inflation over many decades combined.
Thanks for your insightful comment, I appreciate it!
🤔 physical Silver and gold have never been more relevant than Today 2019.
20 to 1 is where it was and should be. 20 silver dollars equaled one double eagle until 1933.
That ratio is long gone, not coming back!
artificially suppressed for the betterment of mankind.
we NEED silver in many ordinary functions of ALL humans.
(clean drinking water is too by the way, but they know what would happen if we did price water to it's true intrinsic value)
else your computer would be 10x the price same with your phone.
medical tools, military, industrial …...would CEASE
(no one would have one)
"I'd shoot you if I could afford it!" - Chris Rock
…….....wait a minute, think i'm onto something that explains all the worlds problems
SILVER TO THE MOON BABY!
I saw a video where a dude would go up to people and give them of a choice of having a Hershey's bar or 1oz of silver...mostly all took the candy...lol smh
Ridiculous
Mark Dice
he the man!
@@hugosmith6776 that's him!! Lol you got it bro!
From what I understand there was a time in the ancient world where Tin was worth more then gold now it’s about 60$ a ton American lol could you imagine
Wow, that would be nice, imagine that!
Are you sure you're not thinking about aluminum? That was a precious metal because reversing the oxidization process was impossible until around 1890 with the Hall-Héroult process. I've never heard of tin.
Richard Wicks I’m not sure I can’t find the exact source it’s been so long but I do know that tin was relatively rare in ancient times and was essential in making bronze and it usually had to be transported a long distance it was def worth far more in ancient times then now for sure but I can’t really find any actual evidence for its value compared to gold so I could very well be wrong
@@treasurehuntingnewyork5979 You may be correct for all I know, but it seemed to me that it was unlikely that tin was every highly valued. Certainly it's not been for many centuries. I just thought you may be mistaking it for aluminum because that was once more valuable than gold, only 150 years ago. Now you drink soda from cans made out of it.
The dollar has lost 97% of its value since 1913. An ounce of silver will buy 3 months worth of food in Venezuela due to fiat currency hyperinflation. The dollar is a fiat currency too, and every fiat currency in history has gone to zero. Therefore, yes, at one point people will be paying thousands of (dollars) for an ounce of silver or gold, and soon after that the price in dollars will be irrelevant. Its called loss of confidence. PM's will always be the ultimate store of value, not paper or promises. #endtheFed
what about stonks? my S&P stonks are up 25% this year
I would rather have a box of gold and silver coins than a box of fiat ,
nice ping to those rounds BYB
I think great many people would probably say the same as you. that said that we be as many people who were just take the box of cash! I love this parliament house Florins they're absolutely incredible
The fiat paper will be handy if toilet paper is scarce from Bernie and Elisabeth getting elected.
Great vid, points and discussion.
Thank you, glad you enjoyed it!
God's money-Gold/Silver
I don't know too much about this side of things with relation to gold and silver, all I know is that it's shiny and I like it!
@@BackyardBullion In movie "300" there was this guy Xerxes all covered in gold. Basically in ancient texts, the gods (which is simply a family of aliens who created us,) needed gold (to save their own planet) and people saw that and adopted as a valuable thing. That is one point of a view.
True , it's honest.
n movie "300" there was this guy Xerxes all covered in gold. Basically in ancient texts, the gods (which is simply a family of aliens who created us,) needed gold (to save their own planet) and people saw that and adopted as a valuable thing. That is one point of a view.
Question is what is the price without Manipulation. Human population have grown by around 20x in the last 200 years - if the currency crashes billions of ppl will try to enter the market and at the same time us banks can't afford to damp the price. So the price can go to the moon as example on every ounce of physical silver 200 ounces of paper silver are coming additionally silver is undervalued in relation to gold. For the working of our electronics industry the prices of precious metals must be manipulated to enable affordable electronics. But in crisis the mechanisms can break. Especially when trust in everything else breaks only other commodities remain like wheat, rice etc. Spin crisis many ppl are willing to pay massive amounts of fiat money into gold and silver. So the price can go to the moon in the moment fiat Crashs.
I have no idea about this matter. I like silver and gold, that's why I but it. Maybe it was raised to feel that way. Who knows.
Its a very interesting thing to think about for sure!
Those Silver coins are truly beautiful (and not expensive).
Ask the question of the other side of this 'coin'. Do paper 'assets' have intrinsic value?
Well it's the exact same thing we just attribute the value to something that we think has value!
About as much as toilet paper. If the presumed value of a paper asset loses significance, you can only use it at the toilet as it is printed both sides and unfit as writing paper.
@@robendert7617 I even stack silver and gold but there isn't a big difference between money and gold because gold is just as worth it we think it is it could even drop under 100$ or even lower we shouldn't forget that
@@robendert7617 Better than toilet paper. Since it is closer to cloth than paper it can be washed and reused. Try doing that with toilet paper :D
i think the question of "value" confuses the discussion. the amount of commodities critical to human survival are in short supply at any given moment (food, oil, etc.). many such items have inventory levels that would last a few weeks to a few months before depletion, if not continuously produced. nevertheless, we have massive fortunes and personal wealth in much of the developed world. monetary wealth (fiat or otherwise) is a claim on some share of that inventory. is there a contradiction here between the amount of wealth being claimed and the amount available in a tangible form at any given time?
no. for one thing, not everyone is going to redeem their claims in their entirety at the same time (this should be an obvious trivial fact). but the non-trivial insight is that money is really a claim against _future_ consumption much more than it is a claim against present consumption. a claim against future production is a supposition that various industries will persist into the future and be productive at a normal rate. how is it that industries are productive enough to settle the implicit debt represent by present-day stocks of wealth, i.e. "money"?
the answer is that future production depends on a functioning economy; rule of law; property rights; organizational capital/know-how; and good legal, political, and economic institutions. the "debt" we owe by holding wealth in the form of money is an obligation not to lose our shit as a society in the future. note that as technology has progressed, the relative amount of future promises (obligations) have increased. that is what it means for average human wealth to increase. for that reason, a comparison today to the expectations of a Roman peasant with respect to wealth is vastly different. this observation is important in considering the difference different currencies will have on outcomes.
so what is the difference between fiat currency and gold or silver in the modern world? based on the argument above, both mostly predicate their purchasing power on the amount of useful products and services produced in the future. if production falls, then the same nominal wealth chases a dwindling supply and we have inflation. if production grows, we have steady prices or even deflation. but gold and silver are _hardly_ different from fiat currencies in sensitivity to future production. the _only_ advantage gold and silver have is the extent to which they are a direct input into economic activity that goes into producing future products. silver, as noted, is useful in electronics (and to a lesser extent, so is gold) and, of course, as jewelry. but beyond a few specific uses (for which less ideal substitutes exist), they are nearly as useless as fiat currency in producing most of the billions of products humans can currently buy.
what has value in the world then? real value is in the _mechanisms_ that produce wealth. a lot of these mechanisms are the intangible elements mentioned above (e.g. knowledge and institutions). it's wrong to thing of wealth as a stock when most wealth in the world is an anticipation of future _flows_ of production. there will always be a tension of the sort silver and gold stackers have with respect to "tangible value" because the future is inherently intangible and uncertain.
what is the most tangible representation of this intangible wealth-creating mechanism? i think clearly the answer would be shares of company stock because they represent organizational capital and knowledge that can create future products and services. silver and gold are inert and do nothing productive; a company is not inert and (if well managed) will produce products and services, as well as innovate to anticipate and cater to what future needs society has.
Any metal thats scarce has to be a good infationary investment, long term. Blockchain cryptos like bitcoin are good on a shorter term but i think they will be superceded by better technology and will all go to zero ... but fiat will die first.
Well, only time will tell. Fiat might fail but it won't be on the apocalyptic scale many think.
The streets in heaven are made of pure gold, and that's quite interesting. It's considered valuable even in the hereafter and spiritual.
loksterization The Inca thought that gold was the sweat of the sun, but I am not sure that is literal.
Yeah buddy ,the gold is representative of the sun and cannot be divided with any other metal and does not break down or tarnish with time hence its divine nature,(drop the L.....)silver is representative of the moon ,both cast a similar light frequency of their celestial beings when cast in open white light . Value is partly based on the amount of influence the sun and the moon have on all life on earth.👽
In 1970, the price for 1 oz of gold was $35. There is no logical reason for the price today of $1486.30.
Ever heard of inflation and purchasing power, that's the reason.
@@BackyardBullion According to the Inflation Calculator, $35 in 1970, had the purchasing value of, $231.61, in 2019 dollars. Yes, the Gold price was artificially pegged in 1970. In 1998, Gold was at $294.12
It was just a few years ago, that Gold bugs were predicting $10,000 Gold. That hasn't happened yet, it is fear and speculation that drives the Gold Market.
They are not called precious metals by chance, the ancients knew their properties more than we do. You can ALLWAYS trade your silver/gold for things, especially in a crisis or war period.
Crypto is vulnerable as a duck in the woods.
Yes indeed, it's 5000+ year history is testament to its ability to serve our needs throughout history
Anything that has a beginning..has an end. The creation of fiat currency by man, will eventually be destroyed by man..is that not the law of nature, that events are cyclical.
I apologize for my ignorance, but what are those owl coins you have? I love them and think they are beautiful. Where can I get some? Love from Youngstown Ohio, USA.
They are 1 ounce silver rounds made in the likeness of ancient Greek coins. They can be purchased for a small amount over the spot price of silver. Figure one will set you back somewhere around $20. Check out JM Bullion or search on "Silver Rounds for sale"
I think precious metals is not in rocks, but are MADE from rocks with other ingredients. The occult kabbalah speaks about it.
So yes I think we are fooling ourselves.
I think Winston Churchill said "out of all the elements, gold and silver makes the worst possible currency.... apart from all the others"
Why??
Try selling you gold or silver now for spot. Won't happen because people would rather buy from a retailer. Likewise go into a shop with an employee with a third grade education and explain why your quarter is worth more than 25cents.
I think the argument that Silver will ever "go away" is stupid. People save Gold, but they don't save Silver. Now how could we get more. The answer is space. There is a ridiculous amount of Silver in space, right in Earth's backyard.
Buy silver!!! Not much can go wrong at a gold/silver ratio of 86 - the geopolitical backdrop is supportive of gold (and silver)
It does have its hindrances as a large investment though, very weighty
@@BackyardBullion Sure, you can also buy it via companies such as GoldMoney or bullionvault if you dont want to sit on large piles of silver in your living room (some you should keep on demand as cash at home but not all)
I think guns and ammo would be a better investment for an economic collapse
Amongst other things like food and water, yes!
@@BackyardBullion I like silver and gold too but most people don't know what it's worth or are too scared it's fake to accept it as payment for anything
😂😂😂😂
Nice Gold and Silver like video 👍
Thank you very much!
Those 20 peso is really cool
Love that coin, one of my all time favourites!
I don't believe in emp but computer crash or hack of future digital currency which replaces paper could happen as some one will try it just to see if they can( teenagers). Can always use to make colloidal silver,gold or beat into a nice spoon
Yes it could very well happen - we already see big hacks and crashes and they are not so good when they do!
Better than papershit, right ?
Value is added by the amount of effort it takes to produce . Or maybe rarity . Just an opinion .
no value is based on supply and demand. i can spend all day making a mural out of my own shit on my living room wall but i doubt anyone will value my efforts
@@alquinn8576 That's what banksey thought when he started painting on walls. Fair comment though.
@@alquinn8576 would value mean the difference between cost of production and sale price . Supply and demand would dictate the price of product , but not cost of production .
@@NathanMorgan1976 there is profit and consumer surplus that account for the difference between production cost and sales price. in competitive markets, profits are low and consumer surplus is high.
What about the intrinsic value of art works and the real value of farm land?
art is not very liquid silver gold wil Always be excepted
thing with gold silver try gooing to a baker and buy a bread
you wil get a bread for sure but how much silver and is it real
technicly i would have to meklt it in front of him wich would cost energy
and farm land is taxed
if you dont farm on it and get a fair price you loose
if your crops fail you loose even moore
lets make no mistake here
the banks are not stupid
as lenin said
caucht between the mil of taxation and inflation
and of course stop paying taxes on your house and they wil send someone with a gun
ergo facism
The metal represent the time and effort that has gone into recovering them from the Earth . Along with the rarity of the individual metal. R+E=V .
Aluminum when invented became more expensive than gold that the rich fed quests on golden plates while they ate on aluminum 🤣
I did not know this, thanks for commenting!
Gold and silver are the way to go. My crypto wallet has been frozen. I am a prisoner of the banking system. I must pay $35 wire transfer each time to add money. Also, when cashing some money I have to go to he bank to be told you can’t take that much out in cash or delays. Plus, much risk with crypto wallets being monitored and could be hacked or company could close without notice or such. So gold and silver in hand is my protection from fees and bullshit rules holding my money.
You're hiding the truth about crypto wallets ... Everyone should know that you can secure your crypto off of an exchange and place it a hard wallet that only you have the key to . What are you thinking !
Gold silver dropping down after fed cut rates!! When everybody on youtube said that gold silver will go upp after fed cuts
Well,,,,,,,, it WENT LATER,,, AND YOUR POINT IS ??????
I liked the process of challenge that you used in this presentation. My comment is more of a question. When people lose trust in the fiat currency, why is it that they always seek safety in an asset with no third party risk ? Is it the survival instinct ?
What is totally uncertain about gold is will the state try to confiscate it. This time it might be more efficient. Btw did any known government tried to confiscate silver?
Short answer yes
Yes indeed!
the value is in the trust.
Thank you.
You are very welcome!
Countries all over the world are on the verge of launching gold backed crypto currencies. The future of money. Not long after that it will be silver backed crypto's. THIS is the inevitable future. The return of the gold standard...and a silver standard. Global asset backed crypto-currencies. The only thing that this person and other silver stackers are "kidding" themselves about is the anticipated future value of an ounce of silver. silver will be in the thousands of dollars per ounce at a minimum.
Gold and silver is god’s money it will be here long after fiat bitcoin or any other non pm imo
Just look at gold and silver prices in Venezuela and that’s why I stack.
It's worth the same. Globally. Venezuela's currency has inflated, but silver has the same price spot there as here (US/UK). Can you buy more there, today, with an ounce of Silver than before their currency inflated? That is the question. Do people/businesses accept gold and silver as currency?
AH Imaging I know, that’s my point. When fiat becomes worthless like in Venezuela it’s extremely important to freeze your wealth in a globally accepted form of currency 💴.👍🏻
Humphrey Jones Apologies good sir. Didn’t mean to offend anyone. But what he wrote makes no sense. Looking at the gold and silver prices in another country as if they were different is incorrect. And yes, we all got the point.
its nice to think our gold and silver will one day soar in price and make a profit but what form will this profit be in ? what else but paper money
I wouldnt put the silver coins into the air without protection.
I think all the predictions from youtubers about high gold and silver price make us all stupid
I totally agree, never going to happen
Shiny good, even ravens like shiny.
Mirror?
You can’t eat goldAnd silver food will be the gold standard
You CAN store food for long term (as much as 30 years dry canning) The value of metals is going to depend entirely on the scenario that you're saving them for. If it's a depression or recession scenario, metals should do very well.....if it's a disaster scenario like a major comet hit or volcanic eruption, then metal will be worthless, as will fiat currency....food, fuel and especially guns and bullets will rule the day and be of the greatest value.
@SaeedAhmad Conventional war= metals go up, nuclear war=guns, bullets, food and fuel reign supreme.
@SaeedAhmad Speak for yourself, don't make assumptions about me, please.
This is something my dad told me years ago said his dad told him.
Silver and gold hold and have value.
And if you take all other reason out. You still have the biggest one.
Men like women , women like shiney stuff gold and silver are shiny there for they will all ways have value.
Where is the best place to buy old silver coins in the UK at a fair price?
To be honest I don't exactly know. I have found many good ones on eBay. But for specialist coins I would say chards is a good bet
@@BackyardBullion okay thanks for the reply. Is it worth buying 50% silver coins if you can get them cheap?
You won't ever be able to sell them for more than spot price or maybe at best a little over, so bare that in mind!
@@BackyardBullion thats a shame, would Stirling silver jewelry be better to buy? I can get it very cheap
Again, if you want to sell it you won't get even spot price.
Only time will tell all my friend.
Why does money have value? Because of its ability to function exceptionally well as a store of value by performing the best relative to other assets according to the parameters below.
1) Fungibility- uniform pieces that can be swapped, not unique like a diamond, each with individual grades.
2) Transportable - make it to market to be able to exchange, unlike real estate.
3) Durable - reliable store of wealth does not decay. Not steel, salt, or tea.
4) Recognizable - To have credibility, must be able to easily identify as authentic.
5) Divisible - scale to transaction size. Not livestock.
6) Limited supply - concentrates value to small quantity. Not seashells.
7) Unconsummable - pragmatic value can't exceed wealth storage value. Not oil.
8) Has intrinsic value; protects purchasing power.
9)Non-counterfeitable; can't easily duplicate, also speaks to credibility. Widespread faith in the system built on trust. Built-in trust is a must.
Money is stored economic energy; its a store of value plus a medium of exchange. Currency is a medium of exchange, but not a store of value. Bitcoin is an open source project. Anyone can issue their own bitcoin project anytime, therefore any project will perpetually be at risk of being superceded by a better crypto project. Crypto's utility is based on its performance as money and service in proving transactions with high credibility. Gold/silver have a leg up in storing value because the periodic table is limited by the universe, there are no new stable elements being "invented". Crypto could be good currency, but not the best money.
Good vid
Thanks, glad you liked and thanks for commenting!
Lovely sov
It is very nice indeed!
If silver and gold prices ever got too high, the United States would sell some off
People did not die at 30 or 40 years old ever. The high infant mortality rate and disease brings the average lifespan down.
Yes, this definitely helped. But also the vast majority of people did not live past 40-50. Only the lucky few. Disease, injury, illnesses were not easily fought back before modern medicine. But, yes some people would be lucky to live until their 70's but it was not the normal
@@BackyardBullion Just google life expectancy myth..."the inclusion of infant mortality rates in calculating life expectancy creates the mistaken impression that earlier generations died at a young age; Americans were not dying en masse at the age of 46 in 1907. The fact is that the maximum human lifespan - a concept often confused with "life expectancy" - has remained more or less the same for thousands of years. The idea that our ancestors routinely died young (say, at age 40) has no basis in scientific fact."
I disagree. You cannot possibly say people lived the same today as 1000 years ago!!! Yes, some would, but the vast majority died in their 40's and 50's. There was no medications to treat illnesses, cancer treatments, all of the medical marvels we have today. We are looking at AVERAGES. Just use logic and you will see what I mean
@@BackyardBullion just use statistics and you will see what I mean. Human lifespans have been constant for over 2000 years. You are eating the myth up that you were told in school and that other people like you repeat with no knowledge of facts regarding it. Google takes 5 seconds. www.google.com/amp/s/www.livescience.com/amp/10569-human-lifespans-constant-2-000-years.html?espv=1