These are the videos that people new to metals NEED to watch. Metals protect your purchasing power. They're not day trading fodder. So tired of the videos where you hear about people "dumping" their silver because it's "down" after they checked on it 3 months after they bought it.
Wife and I put most our savings into gold and silver around 2019. We are up a nice chunk of change. We just bought a house at auction (200k below market value) with a priv. money loan and will be paying off the loan shortly with a chunk of our gold holdings. Pretty decent swap for us with the rise in gold value the house cost us 99k at the end of the day. Silvers next. Not selling it until at least $100.
True, true! I use the APMEX portfolio tool,(even though I rarely buy from them) and even though I have no intention of selling, it’s nice to see those numbers go up significantly.
I am quite frankly stunned. I had to double check and do the math myself. Wow……even with a huge margin of error and mushing figures a bit the generic silver just blows it away….. Good video - thank you! 👍
It would be really good if you were to tell us approximately what is considered premium silver versus non premium silver. That would really help us a lot. But I really appreciate your analysis because it's absolutely true.
Sure!! I consider premium to be more collectable coins. Issued by a sovereign government with a face currency value. Generic is a standard bar or round that though could be collectable, does not warrant the government issuance.
It amazes me that there are so many people that just really don’t understand the concept of true preservation of wealth! I thank God I became a stacker! It Is one of the greatest things I have ever taken an interest in! My only regret is I didn’t start stacking sooner!!! I have always worked hard in life in order to accomplish my goals and to be able to afford and in joy my interests along the way! When I first began stacking I really had no clue what I was doing but I did understand that metals were an asset! One of my past times was in joying spending, and through metals for me it’s a win win!!! I get to in joy spending when buying silver gold platinum or copper at the same time increasing my wealth as I spend! It’s the greatest thing I’ve ever took interest in!!!!! I hope everyone can in joy it as much as I do!!! Keep stacking!!!
YES! That would be epic to see the disparities in 40 years....Or if individuals could track based on their retirement age. Really a cool thought. Thank you for all you have done Dragons. You laid the stones that many of us walk on here on UA-cam.
had to tell the wife. ive been stacking and love the knowledge thxs for letting everyone know the value of stacking. keep it up. cant wait for ur next vid. thxs
Fantastic video! Your almost to 3,000 subscribers! This video is around 10,000 views as I leave this comment and I'm like 394, well done my friend. No one on YT has done anything like what you are doing here. Interesting results, thank you for posting this.
Struck!!!! My friend, my brother! I am sitting here with my mouth open at it all....All I did was respond to a viewers question with a video and here we are. I think I am going to make a video about the metrics of this video just to show what 10k views looks like. This is not normal for my videos and it does offer some excitement for the future! It also means my 10% giveaway will be larger!!
get goldman sachs online savings. its at 4.2% used to be 4.4%. ive had it for 4 years since it was the best online savings rate, i had capital one 360 but that dropped to .6%. ive gotten 74oz of silver this year and 1/2oz gold this year. i been getting silver for last 13 years. wish i started after high school in 2004. i got 1oz gold in 2004 for $350 and then i thought that was a lot. just keep stacking. ive never sold.
Thank you for doing the math for me! 🤕 For my recordkeeping, I value everything at silver weight because I've not had good success selling my boutique premium silver. So I value my stack at worse case. Even using raw metal weight, the stack value is way above savings account performance.
This is why I got into PMs. It’s a savings account to preserve my wealth. It’s not an “investment” to grow wealth. But it if I cashed out now I’m getting almost 30% more than I paid out for it. That is better than any savings account.
In 1964 you could have put away one thousand dollars in 90 percent silver. In 1980 you could have sold that silver and bought a modest home. Not an investment????
@@johnrowley310 In 1964 I could have bought mustangs for $3,000 and held them in original condition...would also be worth a fortune. If you invested $100 in an index fund from 1964 to today with compound interest, you would have a staggering amount of money. Silver CAN be an investment like cars but circumstances have a lot more impact than many of the traditional vessels of investments in my opinion.
It won’t go there anymore as it’s not conceivable (to your point) of course, but in 2011 when cost curve was closer to $10, dedicated silver mines were operating, and avg spot was in the $30s.
Time is a HUGE component. If you house burns down, cash on hand looses. Things happen. Time and other factors are variable. All this video describes is the 4 years I started buying silver and what would have happened if I put the same amount in a savings account. Nothing more.
When I started buying silver, It was $18 an ounce, Accumulated 83 oz in a year. Some pieces I overpaid for, But while sitting, During my financial dry spell, My silver And gold value up by hundreds. Quicker than a stock market. Is better than bonds.😊 70% of my cash for precious metals come for scrap metal. As a fractional stacker, It alleviates some of the stress of the premiums.
I would track what you paid for the silver verse. What was the spot price at the time of purchase? If spot price was $20 but you paid 24 you would want to calculate what you actually paid to find out your profit to today’s spot price
Another thing to consider regarding premium silver is cross collectible category appeal. If the subject matter crosses over other areas of collectibles, the price rise and liquidity can improve substantially. Classic silver rounds/bars of cartoon characters, movies, gaming properties, cars, etc. can get extra 'juice' when those are on the public's mind. For example, see how 1 oz Back to the Future Delorean rounds spiked to over $100 when there was the confluence of the 35th anniversary of B2TF films and the 40th anniversary of Delorean production. The reason is you have a much broader base of collectors interested in the product. In this example Sci-Fi film fans and car buffs. We can anticipate another spike for the 50th anniversary. So, it is good to watch for these spikes as they are wonderful opportunities to sell and use the added return to purchase other items.
I have been getting between 4.25 and 5% interest on my Robin Hood savings account, which is just a regular savings account that's not locked in or anything. And I think there's a couple other companies offering above 4%
Great Video! New to Silver...What's a Good Premium Price over spot for a 1oz bar or round? I don't have a LCS in my area but online with shipping I see 1oz costing around $38-$40.
You can get closer to 1-2 over spot when you get a good sale. Black Friday ought to offer some good sales and occasional at spot sales. At my LCS I get around 1.50-3 over spot and online it is closer to 4 over spot for “generic” premium is more like 8 over
Capital One has a 4% interest rate with their high yield savings account. It was 4.35% but then dropped around September. Im a stacker too, but need to keep some cash on the sidelines for emergency.
It most definitely makes a huge difference of when you buy (short term), because if you buy for 4 years while spot continually drops, you lose (if you sell). As we all know (or should know), Silver (and Gold) are to be used as a LONG TERM SAVINGS ACCOUNT. If you’re “INVESTING” in Silver and Gold, then you are making a huge mistake. Investments belong in equities, real estate, commodities, 401k’s, and the like. Over the long term the stock market will earn you the best rate of return.
Depends on when you need your money, selling on eBay is very slow, even if you are the cheapest, in reality you would sell everything to a bullion dealer and they would pay SPOT for everything
that's manipulative, you don't pick when you would need to sell it, so do the same comparison with different 4 years and ADJUSTED FOR INFLATION, like: 2010-2014, 2014-2018, 2011-2015 and the results will be wildly different. Also if you bough in a small February peak in 2008, you'll still be at zero at best today. Investing the same money on stock market or indexed bonds would earn at least 50% more
This was only talking about savings accounts. I am a BIG propionate of mutual funds and actually am considering doing a video on it. I picked the years based on when I started. It was not random to make a point. This is when the evidence was observed by me. Nothing more.
Great Vid. I actually have a premier savings account that gives 5%, Silver is great but selling silver and making a profit, I think is unrealistic in the sense your LCS will always give you way under spot for your silver. The Ebay route is long and tedious, and they takeI 13% of your sell than you have to ship the silver, maybe insurance, is it really worth it? Don't get me wrong I probably have over a 1000 oz of silver, but I know I would take a bath on it if I were ever needing to sell it and get cash fast. GOLD is the way to go!!
First off let me state that I enjoyed the quality of your video. With all due respect to the culture of currency, emergency savings should not be conflated with silver investments. Spot price of silver changes. In the past four years I have seen a more bullish period of silver. There have been gaps of four years where silver spot price depreciated significantly ie. 2011 to 2015. Also, as the culture of currency mentioned, Silver also is not always able to be used for everyday transactions. When there are emergencies or times when you need cash it is better to have savings money to handle expenses. If you want to save money, save money. If you want to invest in silver, invest in silver. Do not try to do both.
I love this Andre! I think there are VERY strong cases for your statement. This is just data...Not meant to push anyone into a direction but rather give them information for their own path. I so appreciate you as you know!! LONG time friend!!!
Haven't really kept track of the Savings in silver as of lately in the last 4 years but I can tell you since 03 when I started, let's just say I'm fairly happy other than the 1 run up that I didn't DCA silver for a few years... Lol... anyways great topic for new stackers and you definitely earned a new sub from me.. Keep up the good work 😎✌️ #DCAandCHILL
Based on these assumptions I feel comfortable with my small long term stack, as I’m holding for 10 years to retirement and possibly through it for another 10 years.
Sure! Generic would be like a silver buffalo round. It was not minted on behalf of a government. I has no currency value listed on the coin. An American Silver Eagle in example, states it is a united states coin and holds the value of a dollar on the coin.
@@cultureofcurrency Thank you for the clarification and for the example!!! I will probably have more questions for you. I apologize in advance! Kind Regards!!
Numbers don't lie. 1.5% is very generous for a savings return. With that, or even double that, percentage, metals are the clear winner. In an inflationary economy, metals are a no brainer
If my budget for the month is $100 I try to make it $150. I usually buy 3-4 ounces a week , but with my health issues coming up I had to put a pause on it for now. Going on vacation and I’m planning on getting 2-3 tubes of silver
I will pray for your health my brother. That is first and foremost. As for the silver, I hope you reach any goal you set. Hard to say silver is a bad thing if you are debt free.
Profit on your sales will only be reported on amounts of $10,000+ at one time, so if you decide not to report a sale of a lesser amount, then no taxes would be paid.
You would not have purchased the same amount of sovereign as generic Due to the premium payed at time of purchase. There are also expenses attached to selling premium silver on line. The bottom line is the greater weight purchased in generic rounds would actually out perform the premium silver. This was a great video regardless of this, as you showed the superior investment of the silver as compared to putting Fiat in the bank
You bring up a valid argument but if you watch my series that have tracked monthly generic .vs. premium metrics you will see as of quarter 3 of this year the premium is up. Watch the series and check the numbers. I was skeptical actually myself and did not think premium would have an advantage until about three years. This year could be an outlier with the crazy economics but the study over time will tell...I appreciate you my friend.
I commented below pointing out the significant numeric calculation error, but there are also some procedural concerns: 1) you really should use the price at the end of your 4 years, not the current price. 2) your silver accumulation is over 58 months, not 48 (you included 10 months in 2023). 3) You don't seem to be factoring in premiums appropriately as they skyrocketed in 2021. 4) You should probably just leave premium ounces out of the conversation as they are not properly defined and by no means acquired said calculated ounces near spot. 5) on the plus side, had you actually gone month by month, the principle of dollar-cost-averaging would allow you to accumulate slightly more ounces.
Terry, Thank you first off. I am not perfect and accept that I have a margin of error as stated in the first minute of the video. 1. I had the metrics of both and thought current price would be most relevant to the viewers. I should have communicated it better and forgot to as I filmed at 5AM. The savings account even if extrapolated to current month do seem to hold the same macro results. 2. The only silver accumulation of 58 months is in the premium which if I track it is actually more beneficial to the savings account as many months were skipped in the first two years when silver was relatively low. I once again did a poor job communicating that and honestly added the premium bit at the end just because it was in front of me. This video was origionally just going to be generic silver and savings account. This margin of error is noticed but it does not account for enough of a gap between savings account to distort the picture of which served better. 3. Premiums are STILL in a bad place. Much of my silver that is premium averages well over $5. The benefit is in the monthly analysis I have been doing in my generic .vs. premium videos is tracking if the premium can be recouped with real sales and currently most are... some significantly so. I was not expecting this result but ebay and other completed sales proved my assumptions wrong. 4. That is a good point. There is a shade of grey which in the video is why I said we are looking more towards large disparities (paraphrase) rather than micro analytics. What does the big picture show. 5. Thank you! I think small amounts over time show a factor of replicable action in case other folks were interested in trying. I really appreciate you and will take your comment to heart as in the future, I think more videos like this will need to be posted and I want the truest representation .
It sounded to me also that premiums were only figured on the sale end. If spot is $24. You cannot but 4oz of silver. Most likely 3.5 oz. I actually tracked my actual buying and there were times where premiums were up to $5 per oz on generics. It was more rare to get a premium of $2. In my mind, the math is over bought by about 50oz per year. My actual numbers over the last 4 years was 44% total or 11% a year. Which means I preserved my buying power.
Ok so the inflation definitely still matters since the value in which silver is calculated is by the dollar. This is why being a silver stacker is so hard these days, almost all of you just can't tell the simple truth. Silver is not the current standard for monetary exchange so it's value is based off fiat currency which means it is most definitely subject to the same inflation dynamic. And why dont you do a video with the same time line and money, but show it against bitcoin or just the regular stock market.
I have no understanding of bitcoin. I know it is really good right now...This was only to compaire places to park money...not invest it. I have told truth...not sure where you find a falsity. Silver is a commodity just like oil yet it is still purchased with dollars. The difference is time. A rifle in the early 1900s cost $12. Now it is hundreds. If silver was once $6 an ounce and is now over $30, how do we not see a parallel path?
@cultureofcurrency How do you not see that if I buy 3oz of silver for 90.00 and a year later it's worth 96.00 but inflation went up or the dollar went down that 96.00 is worth less then 96.00 a year ago. It's all the same. And since you said silver is a commodity or is it real money because it can't really be both in this argument. I'm not saying the gains won't be higher, but your gains are still affected the same way. The amount of money you sell your "commodity" for will still be worth less then the same amount of money from before. Inflation or a weaker dollar has the same effect on gains or intrest, the money we get it the end is worth less then it used to be.
@@TrueReject We assessed the buying power of silver as well. Dollar is a common denominator in this project. I have a video on the development of "money" and economies. I am not like many who get lost in semantics of words. I do not remember calling silver "money." I call it silver....And it has value that can be exchanged for dollars. In this case the purchasing power or the market trade of the commodity has equalled more dollars over time which shows three possibilities.... 1. dollar lost value 2. silver gained value 3. combination of both.
That is most unfortunate. I assume you have since learned of the market manipulation that created the push to $40. Hopefully you still have a bit as I assume you will be back at $40 in the next 8 years or so. This is just how the dollar works.
@@cultureofcurrency I was commenting on Norman Johnson’s post about how he bought in at $40 an ounce. He should have loaded up when the price dramatically dropped to lower his overall cost per ounce that he originally purchased. Great video btw
@@cultureofcurrency Bitcoin just overtook silver in global market cap btw, you should start researching it, I've also been on gold and silver but Bitcoin is superior to me, I recommend Dr. Matthew Kratter's explanation vids on UA-cam
Using a saving account to compare with silver idnt a good comparison. All the money invested in silver over yhevladt 30 year put into an IRA instead eould give you a much greater return.
@cultureofcurrency but you are making it sound like it's a comparison of investment options in your video. I think you are just trying to scare people into buying silver as a way to promote your business.
@@craigplatel813 Fear is not what I push. Facts over feelings. I never said you should do one or the other...All I did was lay out the findings over time. I also never said you should invest in silver...Heck, I don't even do that and my channel states that constantly. I only spend $100 a month on the stuff to show hope as I am a collector and not a stacker. I love the history, artwork, and culture...that is why I buy and anyone who watches my channel consistently knows that. Savings accounts are not investments. A viewer asked me to compare these as they were interested in knowing...so I did it to see where the numbers were on the question... Facts over feelings...I did not expect the outcome I saw to be honest.
@@wj3219 2019 to 20 is one year. 20-21 is two years. 21-22 is three years. 22-23 is four years. It does look like five but it is actually for. The premium I talk about as I skipped many months and document this in my generic .vs. premium series.
I have an inheritance coming. I was going to buy a house. Now I am thinking of buying silver! Its got to go up if the Chinese are buying it by the tonne.
Honestly...I would go with the house especially if you can buy cash...Interest rates are crazy but depending on your market, houses always go up in value over time and one day when you sell it (if you sell it) there is a giant pile of money for your next property. Silver is nice but somewhere to live is a must. I would go house first personally.
It's about timing. I'm still down on some of the silver I baght in 2011 . However baught some more after on the lo0ws so I'm doing ok . Also the coins have a nuministic value but not all of them so I might be up on some of the coins I baught in 2011
I would love to hear more about your coins. I understand your sentiment with 2011. Many sell the idea of metals as a growth machine...I have never considered it that. I think it is a vehicle to defend against a dollar that seems to loose value over time....it is something that is much like a pantry of shelf food. In particular circumstances it will help you out but don't assume it will be the car you drive to work. Time is literally everything. Well said.
SO IT SEEMS THAT APPARENTLY UA-cam HAS REMOVED MY ABILITY TO RESPOND TO ANYONE!!! SO ALL OF THESE PEOPLE CAN CONTINUE WITH THEIR FILTHY VIDEOS THAT ARE SEXUALLY EXPLICIT AND EVERY ITHER WORD IS A CURSE WORD, OR THEY CAN SPEAK OF THE PEOPLE THEY'VE MURDERED, BUT GOD FORBID I SAY SOMETHING THEY DON'T LIKE!!!! THIS NEEDS TO BE DEALT WITH AND THIS COMMUNIST UN-AMERICAN SITE NEEDS TO BE HELD TO OUR 1ST AMENDMENT STANDARDS OR BE REMOVED FRKM THE INTERNET, PERIOD!!!!
I think you may have made a mistake in your 48 month calculation calculated monthly at a 2.5 annual return rate only comes in around $5053 or so if starting at $100 and then adding the $100 per month. In fact even if you started on day one at the full $4800 you still would not reach the number you had provided. Regardless, silver all the way. Cheers
I will have to go back and triple check the numbers. I think the issue is I compounded monthly instead of yearly (which in theory gives a higher number).
Fiat Money which is what Paper Money is worthless, primarily because Money Looses 10% of it's value just sitting in a savings account every single day, most banks will not even tell you that, so if you can't afford to buy gold bullion, then start buying Swiss Silver bars, and Silver Krugerrands, from south Africa, because the return will be a lot bigger than a savings account, then take about $120.00 a month of the paper fiat money you work for and invest it into high dividend stocks, The Rolex can wait until the Economy gets better so can the Mercedes if you want one of those items to satisfy yourself with accomplishment.
I have actually tracked the premiums this year in every purchase ( Check out my generic .vs. premium series) and you can see that I have accounted for this. I am shocked myself that in a short period of time, you can actually find buyers that will cover the premium and in many cases go above it!
I think you might have miscounted. 19-20 is one. 20-21 is two. 21-22 is three and 22-23 is four. I only had year to date on premium for 5. Generic and savings were only to 2023 as I wanted to just include completed years.
@cultureofcurrency I must be confused. Cause it looked like you added 5 amounts when adding the silver years. Either way I would definitely buy silver instead of putting money in bank. Even if I didn't make any money
@@cultureofcurrency2019 76.08 2020 58.44 2021 50.04 2022 54.84 2023 42.70 You add all those together. That's 5 amounts. Shouldn't it only be 4 amounts?
It depends on the 4 years you're talking about, if silver is $50 and 4 years later it's $18 you just lost a lot of money, you can't just cherry pick the 4 years you know for sure silver went up
@@EatCow If I still am posting videos, I will still have the data. I look forward to it. I have a tracker series right now that started in January you might like.
These calculations are all off. First, you could get 5% at least for the last few years in money market accounts with no minimum (basically a savings account, see wealthfront, down because fed lowered rate). Second most people dobt buy silver at spot... you buy with a premium. Show some receipts. That stack probably cost 10% to 20% more, which means you should have less silver there. While silver over that tine period was good, rewind back 1 year and tye money market account would have been higher. Really solver was only a good investment for the last year.
You must not have listened to the video closely. 5% is great...but the purchasing power when averaging the inflationary measures ended up negative. Even at 5% you would at best be even when it came to the dollars purchasing power. I only picked the years in which I started buying silver myself as the metrics were in front of me. I have no real knowledge of the sector before this timeline. I have a money market and understand the value. I was not comparing investments but rather places to sit your money.
Money market isnt really an investment, its just a better savings account. But your point is mostly correct, but you happened to pick years that had abnormal inflation... and with that comes higher solver prices. Maybe back test it by 10 years instead of 5. We generally see 1% or 2%, not 4% to 8%. When inflation is high, silver is high... but usually silver crashes with inflation. Look at 2015. 0.1% inflation and $13 silver. Why does this matter? Silver is an investment and whe. it crashes in price, you don't just crash in interest, you actually lose value. With a money market, you dobt lose any money, just rate of return.
This market is disconnected from fundamentals it's a giant casino. I do long term stacking and the last thing i care about is price. Our time to shine is when the dollar collapse and the crypto/AI/tech bubble and until then we just stack!
Etf is a WAY better option. I actually have both but you need to read the fine lines. Some ETFs especially bank offered usually have a high yield but the yield drops after a capped amount like $10000. So lets say it has a 5% up to 10k and drops to 1% anything above. ETFs offered via other options like Vanguard or Fidelity not only have a true full yield but also have a low beta which is a plus.
You are comparing apples to oranges a savings account isn't an investment and silver is. You should be comparing to a stock or other commodity. Silver is a good investment it's just a bad comparison.
In the silver stacking world its long been excepted that precious metals is a preservation of wealth and not an investment. If nothing else its a curb against inflation for long time savings.
@Horsenb it's an investment. Everyone is trying to keep their money hedged against inflation. Savings accounts used to be effective until the 2000s. Many people do it it different ways and investing in metals is no different than any other investment. The price can go up and down and you can lose money same as any other investment.
I do not consider silver as an investment. Many do....I get the argument...But I consider silver as more defensive than offensive. It holds value in my eyes. Not worried about it gaining.
@cultureofcurrency yeah like investing in a bond instead of a growth fund. What you are doing is investing whether you think of it that way or not. Long-term the stock market is going to go up, long term silver and gold will go up and it all has the potential to lose value. If you bought tons of platinum in the past you would have lost money in the long term. And even the apocalyptic investors are assuming that gold and silver are going to still be able to be used as currency when food, water and fuel might very well be the only things people want to trade.
@@consequences9803 Me as well! I hope my video shoed that. This is why I compared it with a savings account and not a mutual fund or other vehicle for growth.
Funny, I told md Edward jones person who keeps track of my retirement plan about gold and silver, Ha ha that went as well as a fart in church. Had nothing good to say about investing in it.
Well...He does not make money on the transaction but I would also say it is not something I think is an investment in a sense as it is likely not a giant riser in worth but rather a preserver of wealth. Also...At vanguard you would be paying likely less for market access. I use admiral shares and pay fractions of a percent on my investments.
If you pay attention to the first minute of the video, you would recognized I chose the last four years as these are the years I started and the years I have therefore data on. I will track this for some time and if the data will alter, I have no problem bringing that to you.
@@jamieeaton7839 They have been tracked and are a part of the data. I go into that in my generic .vs. premium series. I could have communicated that more.
YOU🫵 were fortunate to have begun buying Silver four years ago. However what about those unfortunate individuals who purchased it near its high above $48.50/ozt. in the summer of 2011, or, even much worse, in the first quarter of 1980 (44 long years ago) during the Hunt brothers attempt to corner the market, when it briefly spiked above $50.00/ozt. in commodity futures trading ? In both of these instances that was a massive destruction of one’s wealth, but very few of those STACKERS would admit it. Perhaps Silver will reach $230 per ounce in the next ten-plus years, which would equate to its 1980 high, adjusted for inflation. Lastly, the overwhelming majority of STACKERS are not good at math - or calculating inflation-adjusted returns.
Interesting observations. I only picked the years since I have started buying silver as I only have metrics for that. I actually encourage a drop as I am a collector more than a stacker and this means I get more cool coins. As far as the calculations go....I know I am not off by thousands....and thousands are the margin.
These are the videos that people new to metals NEED to watch. Metals protect your purchasing power. They're not day trading fodder. So tired of the videos where you hear about people "dumping" their silver because it's "down" after they checked on it 3 months after they bought it.
Well said. I thought there was data that needed to fill in a lot of assumptions.
My savings is my gold and silver and it's the best way to save as far as I'm concerned.
I was buying silver for 1.32 troy oz. back in the 60'S. I have over 141,000 troy ozs. in sovereigns rounds bars constitutional.
@@ScottOuellette-p1d you are doing more than well my friend.
😮
Wow, now that's a stacker! Nice...Most people don't even have a couple hundred oz, wow! 🎉 Nice job
Wife and I put most our savings into gold and silver around 2019. We are up a nice chunk of change. We just bought a house at auction (200k below market value) with a priv. money loan and will be paying off the loan shortly with a chunk of our gold holdings. Pretty decent swap for us with the rise in gold value the house cost us 99k at the end of the day.
Silvers next. Not selling it until at least $100.
Very nice! What a fantastic story!!!
Don't sell gold this early it will move to 10k thanks to brics n putin. Silver to 1k the professor
@@TheTeaserkingI would die and go to heaven if silver reached 1000
@@bradley6386 no doubt.
It's a sign of a mature stack when a .20-cent move in spot price swings the stack value by $100's, if not $1000's.
YES!!!!!!! That is true!
True, true! I use the APMEX portfolio tool,(even though I rarely buy from them) and even though I have no intention of selling, it’s nice to see those numbers go up significantly.
@@SilverSteeler72 It is an added benefit!
WHAT A GREAT WAY TO EXPLAIN "REAL MONEY" GREAT VIDEO COC
Thank you!!
@@cultureofcurrency YOU OLD DOG LOL...BILL MURRAY STRIPES
This was awesome! Really shows slow and steady stacking wins the race!
Yes!!!
I am quite frankly stunned. I had to double check and do the math myself. Wow……even with a huge margin of error and mushing figures a bit the generic silver just blows it away….. Good video - thank you! 👍
You and me both!
Brilliant analysis. Definitely puts into perspective the differences between holding an inflationary currency vs an appreciating asset.
THANK YOU!!
Wow, huge differences. I feel even more justified in my metals purchases.
Thanks for another great video.
You got it! Really was eye opening for me as well.
It would be really good if you were to tell us approximately what is considered premium silver versus non premium silver. That would really help us a lot.
But I really appreciate your analysis because it's absolutely true.
Sure!! I consider premium to be more collectable coins. Issued by a sovereign government with a face currency value. Generic is a standard bar or round that though could be collectable, does not warrant the government issuance.
Premium silver is like sovereign, govt mint marked .
Purity guaranteed by govt.
@@patrickkwickersham6404 True
I think it's going to do even better over the next 4 years. Excellent share. Thanks CoC👊🏼
I think so to...Markets should level a little and inflation should help...Rising seas lift all boats...even the savings accounts will benefit.
I got into metals at the end of last Spring. It would have been nice to have been a bit earlier, but they have still done pretty well since then.
I wish I was a decade earlier myself!
It amazes me that there are so many people that just really don’t understand the concept of true preservation of wealth! I thank God I became a stacker! It Is one of the greatest things I have ever taken an interest in! My only regret is I didn’t start stacking sooner!!! I have always worked hard in life in order to accomplish my goals and to be able to afford and in joy my interests along the way! When I first began stacking I really had no clue what I was doing but I did understand that metals were an asset! One of my past times was in joying spending, and through metals for me it’s a win win!!! I get to in joy spending when buying silver gold platinum or copper at the same time increasing my wealth as I spend! It’s the greatest thing I’ve ever took interest in!!!!! I hope everyone can in joy it as much as I do!!! Keep stacking!!!
What a great comment. What I read is eventual awareness which lead to intention....I love it my friend.
injoy.....enjoy and injoy
all about that silver!!! I wanna see 40 years next 😂😂😂
YES! That would be epic to see the disparities in 40 years....Or if individuals could track based on their retirement age. Really a cool thought. Thank you for all you have done Dragons. You laid the stones that many of us walk on here on UA-cam.
Interesting to see this done on gold at a 85X ($8,500/month) scale so same amount of ounces, but in gold instead of silver
@@michaelangelobergeron5980 That would be crazy!!
Why didn't someone show me this by the time I was 15 yo or younger? Thank you!
I feel you. I did not get into this until 4years ago.
@@cultureofcurrency Thank you again! I subscribed to your channel!!
had to tell the wife. ive been stacking and love the knowledge thxs for letting everyone know the value of stacking. keep it up. cant wait for ur next vid. thxs
I hope she liked the video!!
Fantastic video! Your almost to 3,000 subscribers! This video is around 10,000 views as I leave this comment and I'm like 394, well done my friend. No one on YT has done anything like what you are doing here. Interesting results, thank you for posting this.
Struck!!!! My friend, my brother! I am sitting here with my mouth open at it all....All I did was respond to a viewers question with a video and here we are. I think I am going to make a video about the metrics of this video just to show what 10k views looks like. This is not normal for my videos and it does offer some excitement for the future! It also means my 10% giveaway will be larger!!
@@cultureofcurrency After watching your videos for years, It's nice to see you get some proper recognition! Keep up the great work!
@@SilverStruck Thank you!!
get goldman sachs online savings. its at 4.2% used to be 4.4%. ive had it for 4 years since it was the best online savings rate, i had capital one 360 but that dropped to .6%. ive gotten 74oz of silver this year and 1/2oz gold this year. i been getting silver for last 13 years. wish i started after high school in 2004. i got 1oz gold in 2004 for $350 and then i thought that was a lot. just keep stacking. ive never sold.
Dude! Never heard of those returns but that is fantastic my friend. I wish I had started earlier too!!!
Thank you for doing the math for me! 🤕 For my recordkeeping, I value everything at silver weight because I've not had good success selling my boutique premium silver. So I value my stack at worse case. Even using raw metal weight, the stack value is way above savings account performance.
You are so welcome! There is a lot of assumptions on YT but not a lot of data...I thought I would fill the void.
This is why I got into PMs. It’s a savings account to preserve my wealth. It’s not an “investment” to grow wealth. But it if I cashed out now I’m getting almost 30% more than I paid out for it. That is better than any savings account.
30%%!!! WOW!!!!
In 1964 you could have put away one thousand dollars in 90 percent silver. In 1980 you could have sold that silver and bought a modest home. Not an investment????
@@johnrowley310 In 1964 I could have bought mustangs for $3,000 and held them in original condition...would also be worth a fortune.
If you invested $100 in an index fund from 1964 to today with compound interest, you would have a staggering amount of money.
Silver CAN be an investment like cars but circumstances have a lot more impact than many of the traditional vessels of investments in my opinion.
It depends on when you buy it. If you buy today and next year it goes down 50%, cash wins.
The average cost of production is $27.50 hows it going to go to $15
It won’t go there anymore as it’s not conceivable (to your point) of course, but in 2011 when cost curve was closer to $10, dedicated silver mines were operating, and avg spot was in the $30s.
Btw dedicated silver mines have that cost curve but zinc and lead mines cost to mine silver is closer to $18-20 now
Cash never wins; all fiat currencies, with no exceptions, since recorded time go to zero value. Silver and gold never go to zero.
Time is a HUGE component. If you house burns down, cash on hand looses. Things happen. Time and other factors are variable. All this video describes is the 4 years I started buying silver and what would have happened if I put the same amount in a savings account. Nothing more.
When I started buying silver, It was $18 an ounce, Accumulated 83 oz in a year. Some pieces I overpaid for, But while sitting, During my financial dry spell, My silver And gold value up by hundreds. Quicker than a stock market. Is better than bonds.😊 70% of my cash for precious metals come for scrap metal. As a fractional stacker, It alleviates some of the stress of the premiums.
Wow!! Congratulations!!! That is a big win!
What an eye-opener! Thank you!!!!
Glad it was helpful!
Great video! First time visitor to your youtube channel! Keep up the great work and God bless you (John 3:16)
Thank you brother! I love John 3:17 even more!!
I would track what you paid for the silver verse. What was the spot price at the time of purchase? If spot price was $20 but you paid 24 you would want to calculate what you actually paid to find out your profit to today’s spot price
I track that in my Generic .vs. Premium silver series.
Another thing to consider regarding premium silver is cross collectible category appeal. If the subject matter crosses over other areas of collectibles, the price rise and liquidity can improve substantially. Classic silver rounds/bars of cartoon characters, movies, gaming properties, cars, etc. can get extra 'juice' when those are on the public's mind. For example, see how 1 oz Back to the Future Delorean rounds spiked to over $100 when there was the confluence of the 35th anniversary of B2TF films and the 40th anniversary of Delorean production. The reason is you have a much broader base of collectors interested in the product. In this example Sci-Fi film fans and car buffs. We can anticipate another spike for the 50th anniversary. So, it is good to watch for these spikes as they are wonderful opportunities to sell and use the added return to purchase other items.
That is a wonderful observation!!! Well said!
I have been getting between 4.25 and 5% interest on my Robin Hood savings account, which is just a regular savings account that's not locked in or anything. And I think there's a couple other companies offering above 4%
More recently I signed up for the Robin Hood credit card which gives you 3% cash back on everything. The rewards really add up
Interesting. I did notice APMEX had a card and is 4% back on metals which I found interesting.
Keep on stackin'!
Will do!
You 🫵🏼 US stackers have two big advantages.
1 Silver rounds
2 Silver rounds 😜
Very interesting analysis. 👍 Have a great day my friend.
Those are some notable points my brother...I cannot argue them...
You don't have rounds in Austria?
@@Horsenbthey have to pay some stupid tax
Great Video! New to Silver...What's a Good Premium Price over spot for a 1oz bar or round? I don't have a LCS in my area but online with shipping I see 1oz costing around $38-$40.
You can get closer to 1-2 over spot when you get a good sale. Black Friday ought to offer some good sales and occasional at spot sales. At my LCS I get around 1.50-3 over spot and online it is closer to 4 over spot for “generic” premium is more like 8 over
@cultureofcurrency Thank You for the info!
@@nerdythings3889 of course!! I may have a video over some black Friday stuff this week!
Very cool & informative video. Builds excitement in stacking.
Yes! So does almost 10k views in 2 days!!
Capital One has a 4% interest rate with their high yield savings account. It was 4.35% but then dropped around September.
Im a stacker too, but need to keep some cash on the sidelines for emergency.
Dude! That is a great return for an account!
Awesome video, Really a big difference, thanks for sharing!
Glad you liked it!
Gold and silver will always be inverse to inflation....if theres inflation your paper money is getting smaller..gold and silver is real money.
Well said.
It most definitely makes a huge difference of when you buy (short term), because if you buy for 4 years while spot continually drops, you lose (if you sell). As we all know (or should know), Silver (and Gold) are to be used as a LONG TERM SAVINGS ACCOUNT. If you’re “INVESTING” in Silver and Gold, then you are making a huge mistake. Investments belong in equities, real estate, commodities, 401k’s, and the like. Over the long term the stock market will earn you the best rate of return.
I love this my friend. Well said.
Depends on when you need your money, selling on eBay is very slow, even if you are the cheapest, in reality you would sell everything to a bullion dealer and they would pay SPOT for everything
Time is for sure longer for premiums to recap on high end silver...It is a different ball of wax for sure! I appreciate you!
What a powerful video
Thank you!!
that's manipulative, you don't pick when you would need to sell it, so do the same comparison with different 4 years and ADJUSTED FOR INFLATION, like: 2010-2014, 2014-2018, 2011-2015 and the results will be wildly different. Also if you bough in a small February peak in 2008, you'll still be at zero at best today. Investing the same money on stock market or indexed bonds would earn at least 50% more
This was only talking about savings accounts. I am a BIG propionate of mutual funds and actually am considering doing a video on it. I picked the years based on when I started. It was not random to make a point. This is when the evidence was observed by me. Nothing more.
@ sure, or just gold
Great Vid. I actually have a premier savings account that gives 5%, Silver is great but selling silver and making a profit, I think is unrealistic in the sense your LCS will always give you way under spot for your silver. The Ebay route is long and tedious, and they takeI 13% of your sell than you have to ship the silver, maybe insurance, is it really worth it? Don't get me wrong I probably have over a 1000 oz of silver, but I know I would take a bath on it if I were ever needing to sell it and get cash fast. GOLD is the way to go!!
5 is solid! I accounted for a $2 loss on generic sale and used market metrics on the premium. Ebay is pretty awful as you mentioned.
First off let me state that I enjoyed the quality of your video. With all due respect to the culture of currency, emergency savings should not be conflated with silver investments. Spot price of silver changes. In the past four years I have seen a more bullish period of silver. There have been gaps of four years where silver spot price depreciated significantly ie. 2011 to 2015. Also, as the culture of currency mentioned, Silver also is not always able to be used for everyday transactions. When there are emergencies or times when you need cash it is better to have savings money to handle expenses. If you want to save money, save money. If you want to invest in silver, invest in silver. Do not try to do both.
I love this Andre! I think there are VERY strong cases for your statement. This is just data...Not meant to push anyone into a direction but rather give them information for their own path. I so appreciate you as you know!! LONG time friend!!!
Did you calculate the premium?
I did.
Very informative, thanks!
Glad you enjoyed it!
Great video a nice work I appreciate all that information I like to share videos like this with my friends and family
Fantastic my friend!
Haven't really kept track of the Savings in silver as of lately in the last 4 years but I can tell you since 03 when I started, let's just say I'm fairly happy other than the 1 run up that I didn't DCA silver for a few years... Lol... anyways great topic for new stackers and you definitely earned a new sub from me.. Keep up the good work 😎✌️ #DCAandCHILL
Thank you for the kind words! I appreciate it!
Based on these assumptions I feel comfortable with my small long term stack, as I’m holding for 10 years to retirement and possibly through it for another 10 years.
That will look very good over time!!
I think that was a good way of explaining things to people that don't know about silver good job
Thank you! Thought many have assumptions but not many have actual numbers to back it up.
Thanks again for watching. We need more data to back up assumptions.
What's the difference between generic silver and premium silver and can you give examples of each?
Sure! Generic would be like a silver buffalo round. It was not minted on behalf of a government. I has no currency value listed on the coin. An American Silver Eagle in example, states it is a united states coin and holds the value of a dollar on the coin.
@@cultureofcurrency Thank you for the clarification and for the example!!! I will probably have more questions for you. I apologize in advance! Kind Regards!!
@@Beautifulmusiclistnr I am here to help! No biggie!
@@cultureofcurrency thank you
@@cultureofcurrency Thank you!!!!
Very good video. That's why in my savings account there is not as much as in precious metals. The savings account is just an emergency fund in case.
Thank you my friend!
Numbers don't lie. 1.5% is very generous for a savings return. With that, or even double that, percentage, metals are the clear winner. In an inflationary economy, metals are a no brainer
That seems to be what the numbers suggest.
If my budget for the month is $100 I try to make it $150. I usually buy 3-4 ounces a week , but with my health issues coming up I had to put a pause on it for now. Going on vacation and I’m planning on getting 2-3 tubes of silver
I will pray for your health my brother. That is first and foremost. As for the silver, I hope you reach any goal you set. Hard to say silver is a bad thing if you are debt free.
Did you factor in the tax you pay on your interest? Tks for sharing.
Where I live there are not taxes unless it crosses a large threshold.
Profit on your sales will only be reported on amounts of $10,000+ at one time, so if you decide not to report a sale of a lesser amount, then no taxes would be paid.
@@victorfrankenstein50202 True Victor!
Great info
THank you!!
You would not have purchased the same amount of sovereign as generic Due to the premium payed at time of purchase. There are also expenses attached to selling premium silver on line. The bottom line is the greater weight purchased in generic rounds would actually out perform the premium silver.
This was a great video regardless of this, as you showed the superior investment of the silver as compared to putting Fiat in the bank
You bring up a valid argument but if you watch my series that have tracked monthly generic .vs. premium metrics you will see as of quarter 3 of this year the premium is up. Watch the series and check the numbers. I was skeptical actually myself and did not think premium would have an advantage until about three years. This year could be an outlier with the crazy economics but the study over time will tell...I appreciate you my friend.
Nice video but you need to calculate your per ounce premiums
I have in my premium .vs. Generic series.
Excellent video, I would like to see this with gold as well
You and me both!
I commented below pointing out the significant numeric calculation error, but there are also some procedural concerns:
1) you really should use the price at the end of your 4 years, not the current price.
2) your silver accumulation is over 58 months, not 48 (you included 10 months in 2023).
3) You don't seem to be factoring in premiums appropriately as they skyrocketed in 2021.
4) You should probably just leave premium ounces out of the conversation as they are not properly defined and by no means acquired said calculated ounces near spot.
5) on the plus side, had you actually gone month by month, the principle of dollar-cost-averaging would allow you to accumulate slightly more ounces.
Terry,
Thank you first off. I am not perfect and accept that I have a margin of error as stated in the first minute of the video.
1. I had the metrics of both and thought current price would be most relevant to the viewers. I should have communicated it better and forgot to as I filmed at 5AM. The savings account even if extrapolated to current month do seem to hold the same macro results.
2. The only silver accumulation of 58 months is in the premium which if I track it is actually more beneficial to the savings account as many months were skipped in the first two years when silver was relatively low. I once again did a poor job communicating that and honestly added the premium bit at the end just because it was in front of me. This video was origionally just going to be generic silver and savings account. This margin of error is noticed but it does not account for enough of a gap between savings account to distort the picture of which served better.
3. Premiums are STILL in a bad place. Much of my silver that is premium averages well over $5. The benefit is in the monthly analysis I have been doing in my generic .vs. premium videos is tracking if the premium can be recouped with real sales and currently most are... some significantly so. I was not expecting this result but ebay and other completed sales proved my assumptions wrong.
4. That is a good point. There is a shade of grey which in the video is why I said we are looking more towards large disparities (paraphrase) rather than micro analytics. What does the big picture show.
5. Thank you! I think small amounts over time show a factor of replicable action in case other folks were interested in trying.
I really appreciate you and will take your comment to heart as in the future, I think more videos like this will need to be posted and I want the truest representation .
Did you factor in premiums on the silver as getting silver for spot is typically not the norm.
Yes. We talked about selling for $2 under spot.
It sounded to me also that premiums were only figured on the sale end. If spot is $24. You cannot but 4oz of silver. Most likely 3.5 oz. I actually tracked my actual buying and there were times where premiums were up to $5 per oz on generics. It was more rare to get a premium of $2. In my mind, the math is over bought by about 50oz per year. My actual numbers over the last 4 years was 44% total or 11% a year. Which means I preserved my buying power.
@@philschiavone101 I have a generic .vs. premium series where you can see the metrics. Check it out and let me know.
Ok so the inflation definitely still matters since the value in which silver is calculated is by the dollar. This is why being a silver stacker is so hard these days, almost all of you just can't tell the simple truth. Silver is not the current standard for monetary exchange so it's value is based off fiat currency which means it is most definitely subject to the same inflation dynamic. And why dont you do a video with the same time line and money, but show it against bitcoin or just the regular stock market.
I have no understanding of bitcoin. I know it is really good right now...This was only to compaire places to park money...not invest it. I have told truth...not sure where you find a falsity. Silver is a commodity just like oil yet it is still purchased with dollars. The difference is time. A rifle in the early 1900s cost $12. Now it is hundreds. If silver was once $6 an ounce and is now over $30, how do we not see a parallel path?
@cultureofcurrency How do you not see that if I buy 3oz of silver for 90.00 and a year later it's worth 96.00 but inflation went up or the dollar went down that 96.00 is worth less then 96.00 a year ago. It's all the same. And since you said silver is a commodity or is it real money because it can't really be both in this argument. I'm not saying the gains won't be higher, but your gains are still affected the same way. The amount of money you sell your "commodity" for will still be worth less then the same amount of money from before. Inflation or a weaker dollar has the same effect on gains or intrest, the money we get it the end is worth less then it used to be.
@@TrueReject We assessed the buying power of silver as well. Dollar is a common denominator in this project. I have a video on the development of "money" and economies. I am not like many who get lost in semantics of words. I do not remember calling silver "money." I call it silver....And it has value that can be exchanged for dollars. In this case the purchasing power or the market trade of the commodity has equalled more dollars over time which shows three possibilities....
1. dollar lost value
2. silver gained value
3. combination of both.
Awesome amount of silver
Just 100$ month!
Unfortunately I was buying silver in 2011/12 at over 40 dollars spot. Still upside down, would have been better off not buying.
That is most unfortunate. I assume you have since learned of the market manipulation that created the push to $40. Hopefully you still have a bit as I assume you will be back at $40 in the next 8 years or so. This is just how the dollar works.
You should have been dollar cost averaging
When it dropped
@@jackcorn4020 What would the difference provide? Would it change much? I am not sure I follow.
@@cultureofcurrency I was commenting on Norman Johnson’s post about how he bought in at $40 an ounce. He should have loaded up when the price dramatically dropped to lower his overall cost per ounce that he originally purchased. Great video btw
Cool now do silver vs Bitcoin 🙂
I have no bitcoin and have no expertise. I will leave that to those who do.
@@cultureofcurrency Bitcoin just overtook silver in global market cap btw, you should start researching it, I've also been on gold and silver but Bitcoin is superior to me, I recommend Dr. Matthew Kratter's explanation vids on UA-cam
Love it
Thank you MOCA. You are actively doing good in our community with the way you help out Paul and Snax. Thank you for that.
Using a saving account to compare with silver idnt a good comparison. All the money invested in silver over yhevladt 30 year put into an IRA instead eould give you a much greater return.
I have an IRA. This is not a comparison of investment options but rather places that money sits. Savings accounts are not designed as an investment.
@cultureofcurrency but you are making it sound like it's a comparison of investment options in your video. I think you are just trying to scare people into buying silver as a way to promote your business.
@@craigplatel813 Fear is not what I push. Facts over feelings. I never said you should do one or the other...All I did was lay out the findings over time. I also never said you should invest in silver...Heck, I don't even do that and my channel states that constantly. I only spend $100 a month on the stuff to show hope as I am a collector and not a stacker. I love the history, artwork, and culture...that is why I buy and anyone who watches my channel consistently knows that.
Savings accounts are not investments. A viewer asked me to compare these as they were interested in knowing...so I did it to see where the numbers were on the question... Facts over feelings...I did not expect the outcome I saw to be honest.
Why did he use 4 yrs in bank account vs 5 years of buying generic silver? There were 5 years of silver buying for the 281 oz.
I am pretty sure it was 4 and 4. Premium was put to 5 years as there were many months in between where no purchases were made.
Look at time 5.39 in video. 2019 2020 2021 2022 and 2023. You also multiplied your premium value by 281oz but you only had 170 oz. Of premium silver.
@@wj3219 2019 to 20 is one year. 20-21 is two years. 21-22 is three years. 22-23 is four years. It does look like five but it is actually for. The premium I talk about as I skipped many months and document this in my generic .vs. premium series.
Thanks very interesting, thanks for sharing COC 👍
Thank you!!! Thought you would like it!!
Awesome video ❤ cool
Stuff brother 😊 great job keep on stacking brother
Thanks! Will do!
Crazy amount in silver.
I know right!! I was a little shocked!
Great video
Glad you enjoyed it
Nice enjoyed the video!
Thank you!!
interest rates are 4.5%
Which rates? Savings accounts?
I've run the same numbers but for 40 years.
Whoahhhh I would love to see your sheets!
@@cultureofcurrency ua-cam.com/video/oFEcIbt6RvQ/v-deo.html
Toss in the premiums:
ua-cam.com/video/dBq1lrgaHho/v-deo.html
I have an inheritance coming. I was going to buy a house. Now I am thinking of buying silver! Its got to go up if the Chinese are buying it by the tonne.
Honestly...I would go with the house especially if you can buy cash...Interest rates are crazy but depending on your market, houses always go up in value over time and one day when you sell it (if you sell it) there is a giant pile of money for your next property. Silver is nice but somewhere to live is a must. I would go house first personally.
It's about timing. I'm still down on some of the silver I baght in 2011 . However baught some more after on the lo0ws so I'm doing ok . Also the coins have a nuministic value but not all of them so I might be up on some of the coins I baught in 2011
I would love to hear more about your coins. I understand your sentiment with 2011. Many sell the idea of metals as a growth machine...I have never considered it that. I think it is a vehicle to defend against a dollar that seems to loose value over time....it is something that is much like a pantry of shelf food. In particular circumstances it will help you out but don't assume it will be the car you drive to work. Time is literally everything. Well said.
I more than doubled my money that I put in precious metals starting in 2015, show me what else is offering returns like that?😮
Cryptos have returned 1000s of %, and some stock indices have done similar to the metals
@Nazariofitness They're nothing but pyramid schemes and time will prove us all right, wait, you'll see.🤯
I wish I had started then!
SO IT SEEMS THAT APPARENTLY UA-cam HAS REMOVED MY ABILITY TO RESPOND TO ANYONE!!! SO ALL OF THESE PEOPLE CAN CONTINUE WITH THEIR FILTHY VIDEOS THAT ARE SEXUALLY EXPLICIT AND EVERY ITHER WORD IS A CURSE WORD, OR THEY CAN SPEAK OF THE PEOPLE THEY'VE MURDERED, BUT GOD FORBID I SAY SOMETHING THEY DON'T LIKE!!!! THIS NEEDS TO BE DEALT WITH AND THIS COMMUNIST UN-AMERICAN SITE NEEDS TO BE HELD TO OUR 1ST AMENDMENT STANDARDS OR BE REMOVED FRKM THE INTERNET, PERIOD!!!!
I think you may have made a mistake in your 48 month calculation calculated monthly at a 2.5 annual return rate only comes in around $5053 or so if starting at $100 and then adding the $100 per month. In fact even if you started on day one at the full $4800 you still would not reach the number you had provided. Regardless, silver all the way. Cheers
I will have to go back and triple check the numbers. I think the issue is I compounded monthly instead of yearly (which in theory gives a higher number).
The error is that (1 + 0.002083) ^ 48 = 1.105038. This should produce a FV of $5,043.
@@cultureofcurrency please see math correction above
Next try comparing silver with bitcoin.
I have no reference with Bitcoin. I have silver and thus have some metrics. Bitcoin has been doing well of late. No argument there.
Fiat Money which is what Paper Money is worthless, primarily because Money Looses 10% of it's value just sitting in a savings account every single day, most banks will not even tell you that, so if you can't afford to buy gold bullion, then start buying Swiss Silver bars, and Silver Krugerrands, from south Africa, because the return will be a lot bigger than a savings account, then take about $120.00 a month of the paper fiat money you work for and invest it into high dividend stocks, The Rolex can wait until the Economy gets better so can the Mercedes if you want one of those items to satisfy yourself with accomplishment.
I like to park money in things that keep or raise in value....Well said!
I just like my silver pieces
ME TOOOOO!!!!
Your main flaw in how much you can buy, is the premium you have to pay over spot.
I have actually tracked the premiums this year in every purchase ( Check out my generic .vs. premium series) and you can see that I have accounted for this. I am shocked myself that in a short period of time, you can actually find buyers that will cover the premium and in many cases go above it!
Silver premium is only $2
Doesn't matter though as it's so easy to sell for the exact same premium.
Premium over spot is 6.00-8.00. Used to be less
@@mikem4883 That is true, I note that in my generic .vs. premium series.
You said over 4 years.. but it looks like you did 5 years on the silver... did I miss something?
I think you might have miscounted. 19-20 is one. 20-21 is two. 21-22 is three and 22-23 is four. I only had year to date on premium for 5. Generic and savings were only to 2023 as I wanted to just include completed years.
@cultureofcurrency I must be confused. Cause it looked like you added 5 amounts when adding the silver years. Either way I would definitely buy silver instead of putting money in bank. Even if I didn't make any money
@@cultureofcurrency2019 76.08
2020 58.44
2021 50.04
2022 54.84
2023 42.70
You add all those together. That's 5 amounts. Shouldn't it only be 4 amounts?
@@carcar5911 True!
It depends on the 4 years you're talking about, if silver is $50 and 4 years later it's $18 you just lost a lot of money, you can't just cherry pick the 4 years you know for sure silver went up
If your 30 years away from retirement then dollar cost average monthly will still work...but you need to buy a little gold as well
Somebody did not watch the video
I just did the 4 years I have bought silver. I did not cherry pick but just started at a good time I guess.
@@cultureofcurrency Ok let's start right now, silver is $31.25 see you in 4 years if the world is still intact, then we'll discuss your strategy
@@EatCow If I still am posting videos, I will still have the data. I look forward to it. I have a tracker series right now that started in January you might like.
Y the sign language
Not sure what that means
These calculations are all off. First, you could get 5% at least for the last few years in money market accounts with no minimum (basically a savings account, see wealthfront, down because fed lowered rate). Second most people dobt buy silver at spot... you buy with a premium. Show some receipts. That stack probably cost 10% to 20% more, which means you should have less silver there. While silver over that tine period was good, rewind back 1 year and tye money market account would have been higher. Really solver was only a good investment for the last year.
You must not have listened to the video closely. 5% is great...but the purchasing power when averaging the inflationary measures ended up negative. Even at 5% you would at best be even when it came to the dollars purchasing power. I only picked the years in which I started buying silver myself as the metrics were in front of me. I have no real knowledge of the sector before this timeline. I have a money market and understand the value. I was not comparing investments but rather places to sit your money.
Money market isnt really an investment, its just a better savings account. But your point is mostly correct, but you happened to pick years that had abnormal inflation... and with that comes higher solver prices. Maybe back test it by 10 years instead of 5. We generally see 1% or 2%, not 4% to 8%. When inflation is high, silver is high... but usually silver crashes with inflation. Look at 2015. 0.1% inflation and $13 silver. Why does this matter? Silver is an investment and whe. it crashes in price, you don't just crash in interest, you actually lose value. With a money market, you dobt lose any money, just rate of return.
@@spacemining Intersting notion. I only choose the time frame as this is when I started. It is the only reference I have.
This market is disconnected from fundamentals it's a giant casino.
I do long term stacking and the last thing i care about is price.
Our time to shine is when the dollar collapse and the crypto/AI/tech bubble and until then we just stack!
Excellent point. I wonder when Gov. will "regulate" the wild west of Bitcoin.
@@cultureofcurrency Maybe they will not because they take bribes in crypto or it takes pressure away from the metals.
Etf vs cash savings
Etf is a WAY better option. I actually have both but you need to read the fine lines. Some ETFs especially bank offered usually have a high yield but the yield drops after a capped amount like $10000. So lets say it has a 5% up to 10k and drops to 1% anything above. ETFs offered via other options like Vanguard or Fidelity not only have a true full yield but also have a low beta which is a plus.
@cultureofcurrency am homeless with a job about to drop 10,000 in something love these blue states
@@william7427 I am not sure I follow what you are saying.
@@cultureofcurrency new tax Bracket coming 0 capital gains under 60,000 year
I have no rent bill in blue states power water shower internet Living in a mansion
You are comparing apples to oranges a savings account isn't an investment and silver is. You should be comparing to a stock or other commodity. Silver is a good investment it's just a bad comparison.
In the silver stacking world its long been excepted that precious metals is a preservation of wealth and not an investment. If nothing else its a curb against inflation for long time savings.
@Horsenb it's an investment. Everyone is trying to keep their money hedged against inflation. Savings accounts used to be effective until the 2000s. Many people do it it different ways and investing in metals is no different than any other investment. The price can go up and down and you can lose money same as any other investment.
I do not consider silver as an investment. Many do....I get the argument...But I consider silver as more defensive than offensive. It holds value in my eyes. Not worried about it gaining.
@cultureofcurrency yeah like investing in a bond instead of a growth fund. What you are doing is investing whether you think of it that way or not. Long-term the stock market is going to go up, long term silver and gold will go up and it all has the potential to lose value. If you bought tons of platinum in the past you would have lost money in the long term. And even the apocalyptic investors are assuming that gold and silver are going to still be able to be used as currency when food, water and fuel might very well be the only things people want to trade.
This is adorable. Now do Bitcoin
I have no experience it it but unlike others I will not claim it is bad...I just have no reference points.
@cultureofcurrency fair enough. I like silver but i see it more of an insurance policy than a wealth grower.
@@consequences9803 Me as well! I hope my video shoed that. This is why I compared it with a savings account and not a mutual fund or other vehicle for growth.
Interesting.
Glad you think so!
Wow
Pretty cool!
interesting.
It is!
Funny, I told md Edward jones person who keeps track of my retirement plan about gold and silver, Ha ha that went as well as a fart in church. Had nothing good to say about investing in it.
Well...He does not make money on the transaction but I would also say it is not something I think is an investment in a sense as it is likely not a giant riser in worth but rather a preserver of wealth. Also...At vanguard you would be paying likely less for market access. I use admiral shares and pay fractions of a percent on my investments.
❤ interesting
thank you!!
Cash is trash? Really?
I am not sure I would constitute cash as trash as much as an asset for a different need. On hand liquidity.
silver is going to the moon
the day after u die
LOL! Could care less. I am a collector not a stacker...I want to be able to buy cool pieces not priced out of the market.
1.5 precent lol you could have been getting 4 to 5 precent and you have cherry picked the best years for silver
If you pay attention to the first minute of the video, you would recognized I chose the last four years as these are the years I started and the years I have therefore data on. I will track this for some time and if the data will alter, I have no problem bringing that to you.
You also don't put in the premium you had to pay
@@jamieeaton7839 They have been tracked and are a part of the data. I go into that in my generic .vs. premium series. I could have communicated that more.
Ramble and trying to Show of his Math….Flat Figures if you can.
Not sure I follow your english.
$200K in a CD, and still stacking gold an silver like a MF'n jew 😂
Well done.
YOU🫵 were fortunate to have begun buying Silver four years ago. However what about those unfortunate individuals who purchased it near its high above $48.50/ozt. in the summer of 2011, or, even much worse, in the first quarter of 1980 (44 long years ago) during the Hunt brothers attempt to corner the market, when it briefly spiked above $50.00/ozt. in commodity futures trading ? In both of these instances that was a massive destruction of one’s wealth, but very few of those STACKERS would admit it. Perhaps Silver will reach $230 per ounce in the next ten-plus years, which would equate to its 1980 high, adjusted for inflation. Lastly, the overwhelming majority of STACKERS are not good at math - or calculating inflation-adjusted returns.
Interesting observations. I only picked the years since I have started buying silver as I only have metrics for that. I actually encourage a drop as I am a collector more than a stacker and this means I get more cool coins. As far as the calculations go....I know I am not off by thousands....and thousands are the margin.
Excellent video
Thank you very much!