I needed to sell silver in the past due to an unexpected emergency. I basically broke even, so investment wise, I didn't really profit, but I still had a fallback. The money that I had originally spent would have likely gone to something else that wouldn't have retained value, if it were even still existing. Silver saved me.
I have never felt bad after purchasing gold or silver. The one thing I will say- never go “all in” on metals or let emotion take hold. Make it a long term thing and always have at least 6 months of cash for emergency expenses. Makes it much less stressful and more fun to stack.
Unless you start becoming obsessed with the different series like i am with the RCM Wildlife and birds of prey series and the 1.5 ounce series. I see them surface somewhere and i have to buy them.. then a couple days later different ones appear and i can't help but buy them too, while they are available. Can't just have one of each either, i have to have multiple. The bad thing about that is how attached i am to them. I keep trying to force myself to just buy tubes of rounds, but it's hard.
I bought my first metal last week, a 1 oz Britannia coin! I am 35. I didn't know about gold & silver until recently. Your channel informed me well. I will buy one more 1 oz gold coin this year. It's just glorified savings, that's all.
Yup I’m new too. Doing the same as you just getting info. I think of it as savings as well. If I get silver or gold I don’t tend to spend it and it could even gain value
Exactly! It's just saving real money -- not an investment, not insurance, not speculation. Not too long ago, saving dollar bills was like having a check that you could cash at the bank for coins similar to that Britannia you just bought. That's why my cash savings are in gold and silver.
I have always viewed gold and silver as a savings not an investment. Every time I make a purchase I think of it as moving my savings from cash to precious metals and never feel bad or think I made a bad choice in doing so
It has out performed the s&p 500 ,, i remember in the year 2000 when gold was $275 per ounce , now its just under $2000 an oz.. thats a 700% increase in value, i just don’t understand how people cannot grasp the concept of physical good being an investment lol its crazy to me
@@maxpainmedia because over the past 100 years it has averaged slightly worse than the s&p500 at 7.7% bull runs aside it’s much better to view as a savings that can keep you safer from inflation
@@braxtonbrock6430 look, the IRS or the FBI can effortlessly freeze your accounts, but gold they have to get it back in blood, call me old school but i feel more in control of my assets if theyre physical, Gold, Guns, Land.. you have to get that in blood
I started investing in gold and silver because as you said to have an asset outside the banking system. I didn't do it to make money, I do it to save money that I hold and control.
An important point to remember is that money spent on this is not wasted money. The fun of stacking keeps a lot of people from spending that money on other stuff like drinking which is a black hole your throwing money into
@@GrizzlyJRofficial lol “ok hermit” either he was just joking and was just yanking your chain….or that guy lives with his Mommy at age 48 and his judgmental comments make him feel better 😆 “Its called Life” is exactly right…. i live in California SF Bay Area by some of the most expensive real estate in the world ….Life is ridiculously expensive Even if you are someone living in a cardboard box on Government assistance you need like 100k/ year just to maintain your state of Homelessness 😂 lol ( Im joking obviously, but you get the point)
when I quit drinking, I started spending the alcohol money into silver. after 6 months I looked at my "alcohol stash" and couldn't believe how much I was drinking away. besides the money alcohol is the worst drug ever discovered. sobriety is amazing
BRICS seeks to create a new currency, considering gold's historical role as a store of value and medium of exchange. However, the functionality and acceptance of a gold-backed currency in the current global financial system are uncertain. Creating a new currency requires careful consideration of economic, political, and logistical factors.
The discussions and proposals surrounding BRICS nations' potential use of gold are intriguing. People choose to buy gold for various reasons, such as its historical role as a store of value and medium of exchange, its potential as a hedge against inflation or currency devaluation, and its relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolios due to its low correlation with stocks and bonds.
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash I invested the money using an analyst, and in seven months, I raked in almost $673,000
I never viewed metals as an investment, but I always saw it as a great way to save your cash & retain the value from when you bought it. It’s not hard to turn it to liquid cash, and it beats letting inflation destroy your savings.
@@DrSchor lmao. Bonds are more secure. L O L. and when the fkn $$$ crashes and the government defaults? know what happens then? you'll be bankrupt and I'll be sitting here with a stack of metals I can take to canada and get shit I need. lol
@@LukeVincent-xt4dz Gold & silver will survive a flood. Make sure you keep it on your emergency backpack with all the most essential items for you to start your life over again.
The fun part is good. I love looking at gold coins. But as an investment? 38 years the rate of compounding return on gold is about 5% ...yup that's it. From $320 38 years ago to $2,043 now..... a whopping 5%.
@uy1000 Then youre doing it wrong. lol. gold isnt the 'investment' metal. IF you had educated yourself, youd know that. The other white metals are the ones that are volatile enough over time to actually make money and come out ahead. My rhodium was bought at under $1k. It went to 26K...you do the math. I always come out ahead in METALS. Maybe read next time instead of inserting 'gold' into what has been said.
@@ArmedPatriots Fair enough. ...well done too I must say! I used to trade gold futures and options on the COMEX in NY back in the olden days...lol ...I was a full NY Cotton Ex member on the same trading floor.
@@mikespence4722 I am curious. Why are you buying coins, and not just purchasing an ounce of gold? I think they call it gold bullion by weight. I am just starting out and want to know the benefits of each. I am not really going to buy gold to look at the coin itself. I would be buying it as a savings to keep up with inflation or maybe surpass it
I started buying gold and silver one year ago. My first purchase was a Silver Eagle and 1 gram Pamp Swiss bar. I now have over 11 oz of gold and 40 oz of silver. I just ordered 2 more Silver Eagles today, keep my stack growing!
Well said. Its a hobby investment that can pay for itself and there are other hobbies that are alot worse than buying gold or silver coins. Like anything else, enjoy it and pass it unto your loved ones.
I don't see it as a hobby. I see it as a necessity. We're seeing the US purposely devalue the dollar, but silver and gold will retain its value. It's always been valuable since the beginning of time. It's a smart investment for what's to come unfortunately.
Buying silver and gold is easy, but it is renowned for stability during economic hard times like this. The main problem is investing in stocks, dividends and even cryptocurrencies to grow your portfolio.... I’ve been trying to grow my portfolio of $190K for some time now, my major challenge is not knowing the best entry and exit strategies ... I would greatly appreciate any suggestions
Just try to diversify your portfolio to other market sectors, that way your portfolio is balanced and you don’t get to make so much losses. Also engage the services of a financial advisor to walk you through
Right, I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments.
"Rebecca Nassar Dunne" is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
Spoke with a bullion dealer and he said when 2011 boomed with silver, it did not matter if it was an eagle or generic. Dealers paid about the same-they just wanted silver whatever it was.
For me, my silver investment is 10% of my total investment. Passive investing’s goal is to build wealth gradually. Also known as a buy-and-hold strategy, passive investing means buying an asset to own it long-term. In 2003 silver was $5 and in 2023 it is $22.
For all the silver doubters out there who haven't seen much movement in silver for the last 10 yrs, they forget or don't know that silver was a dollar an oz for a long time. So from a dollar to twenty dollars, there's really no ceiling to how high silver can go. Maybe in the next ten/twenty yrs it can go to a hundred, time will tell.
Regardless of the silver bashing clowns these videos always get, you literally cannot lose in silver unless you do something stupid like sell on the dip. If the price falls, buy more...bring your per oz average down. if the price blows up, trade off for a metal that is about the same. Gold or Platinum, most likely.
Wanted to crunch some math. Gold has gone up about 50% since your purchase. There was about 11 trillion U.S. dollars in circulation. There are now over 20 trillion. Meaning that the M2 expansion of fiat currency is up approximately 100% but your gold is only up 50%. In other words, the amount of money in circulation has gone up nearly 100% but your wealth has only gone up 50%. You've still lost 50% purchasing power. Silver is only up to $22 today meaning that the return on silver has been even worse. Just an honest question, I'm really not trying to make any points here. But do you think the loss of purchasing power still justifies the purchase of gold, especially since the monetary premium on gold for most people is 40-60%? It seems like you're down significantly on your value protected. Because silver has transitioned into an industrial commodity and is no longer considered money since it can be produced at will when the price goes up, do you still want to hold your silver?
Thats good! I crunched the numbers above as if you purchased at spot price so that math still checks out. When we purchased gold we bought at scrap instead of spot price. How do you personally feel about that math and logic? Again im genuinely curious I dont have any point to prove @Joe-no7gs
Your comments sound like a conversation I had at my LCS recently. I don’t ever feel like I have to buy, or I need to buy. But I can’t shake the idea that I would like to have a little more.
You're one of the most sensible content providers on the subject of precious metals, in my opinion. I think that is an important stance to take, especially right now as new and influential "investors" enter the arena. We have enough pumpers, it's good to have a voice of reason. 👍🏻
Just started about six weeks ago. I've got 3x 1oz silver coins and 1x quarter sovereign. On a low budget but at the moment just buying when I can. Loving it.....
Completely new here, been on the fence vacillating between starting, and researching. Based on the video, and the comments is highly apparent that making this move or transfer of our “dollars“ (unit of measurement) to a physical metal makes sense. Huge thank you to you and the folks that have been commenting here. I know what I Gotta do now.
100% - glad I found this channel - you think about this exactly like I do and our story is pretty much the same (I started in 2009) - my stack is 75/25 silver/Gold - mostly Canadian maples but have about 90 oz of junk silver too. I do see metals as a bit of insurance but my plans is to liquidate 1/5 of my stack each your in my first 5 years of retirement for holidays. Depending on the price, it could be a trip to the lake or a luxury cruise but I know I will have 5 nice holidays from 60-65yrs of age. My wife does not even know I have the 6 digit (in todays value) of bullion savings. I have only used my employment expense refunds ( I travel a lot) to buy metals and got a few gold maples from my dad when he passed.... Thanks for the great video
My savings account gets 0.5% interest and that's as good as I've been able to find. With inflation hitting 5%+ this year I'll gladly take a flier on metals. I'm thinking of it as a more fun and interesting savings method. There's something about holding a coin in your hand that's more comforting compared to seeing digits on a computer screen.
I'm considering starting to buy gold and silver as well for similar reasons. Another reason is that there's a psychological and practical barrier to spending the money on a whim, which would be useful for me personally. Trying to save inflationary fiat money as numbers on a screen is basically combining a whole lot of psychological incentives that push people towards spending.
Told my wife our precious metals are also there to cover the property taxes if the worst were to happen. We’re debt free so having that backup is peace of mind just in case. Once she heard that she’s been hooked on surfing the metal sites with me. She’s always excited when she sees a fair premium.
I am new to your channel and you give great info. Thanks a lot. I am watching your videos and I am planning to start buying gold coins in the near future. Thank you.
The price of gold, for me, is what the price of money is. Gold always leads IMHO. What's weird is explaining it is rather difficult, yet it makes complete sense. It's not an investment in the traditional sense, but because of that, it paradoxically is because of it's hedging ability, etc. I look at gold as savings, at the very least. Rather than holding savings in cash, I hold in gold (and silver).
I always think of it as investing in the future as I'm buying it and look at what I have as savings. I'm making too much out of the words, but I always get challenged about word choice in the comments. 😄
Greetings from Poland. In the 2nd week of March, gold came near ATH value in USD. But since we have war in neighboring Ukraine, gold price in our local Polish currency was reaching a new ATH every few days! Recent days it has dropped a little, but still it is about 1/7 above the previous ATH from 2020. So the closer to war area, the more shines the gold.
Interesting, I bought gold since 1987 every time I could, I never needed to sell it since then. Now I am in my 70ties and perhaps I need to sell in the coming 10 years, but it is available and that is good for lower stress. in life.
Gold is a pretty cool and sexy savings account. I bought a stack of 8 one ounce coins back in 2014 to stuff into my existing coin collection. In 2018 I was in bad financial shape. Sold those panda and maple leaf coins when I was in a real bind. I can't tell you how good it felt to have that safety net to fall back on. It really helped.
After a horrendous 2022, shell-stunned financial backers have misfortunes to recover and a lot to consider, as an expansion report and a pile of different information did close to nothing to change assumptions that the Central bank would probably keep climbing intrest rates regardless of whether the economy dials back, And that implies more red ink for portfolios for the principal quarter of year 2023. How might I benefit from the ongoing unstable market, I'm currently at a junction choosing if to exchange my $250k security/stock portfolio.
Center around two key targets. In the first place, remain safeguarded by realizing when to offer stocks to cut misfortunes and catch benefits. Second, get ready to benefit when the market turns around.I suggest you look for the direction a representative or monetary consultant.
@Dragon Jee Much appreciated, I gazed her upward on the web and was profoundly dazzled by her qualifications; I reached out to her since I really want all the assist I with canning get. I just set up a call.
Finally someone that is truthful and understanding about this. Props to you brother. I always have a hard time telling people why I buy gold. Hard to explain. You did a fantastic job!
I just absolutely love that your channel is so realistic about expectations on metals. So many people just either rag on metals as pointless or rave about them as the solution to every problem.
@@mariofloresmx Yes, premiums have gone up a lot recently but for those who bought silver years ago and have an all-in cost of $17 or $18 an oz., they are not feeling any pain over the prices they paid.
right on, keep it up, same here, wish I bought more thus far, wish I could have saved all that money from childhood, and more wishes, but I do what I can
I'm nearly 50, been investing in physical gold and silver since my 20's. Let me give you some advice on silver. Buy at auctions. Buy as much silver (prefably Stirling grade - .925 or above) as you can afford once a month. I usually come away with no less than 2-3 KG each time. The reason I prefer aquiring silver this way is the striking premium is killing at least 20% of your investment on each silver coin you buy - everytime! Then you have VAT. Granted you still have VAT and auction fee's but when buying at auction but it evens itself way quicker. Price wise I generally aim to pick up 1Toz of .925 for around £12-15 which is well below spot price. Second, learn how to refine your own silver. Scrap silver is bulky and you'll soon run out of storage space. Learn to melt it down into more managable sized ingots, it's fun, you can get pretty creative, and most imporantly is easier to store than grandma's bulky old silver service set! Good luck my fellow silver stackers.
I have around 5kg of silver, 20g gold, 1kg copper and currently saving for palladium. I don’t ever plan on making money, it’s more of an insurance policy and pretty nice to look at.
and how do you plan to claim your insurance? when SHTF, people will need gasoline, food, guns and bullets. How do you think silver will help you in such times?
@@sunshadow9704I don’t think we’re planning for the same thing. But when ever financial collapses happen, gold silver and other metals always retain there value. Collapse of all empires, Egyptian, Roman, Greeks and even more recently the British empire, it was gold and silver that was used as the commodity between trading parties when currencies were obliterated. Money today has no value other than that we give it. Old money actually uses gold and silver because the metal it’s self is worth something.
Started in 1972 bought gold at I think it was $45.00 a ounce and silver at $ 1.75 it's been so long ago... I remember Nixon announced in the summer of 71 we were going off the gold standard... The crook said it was temporary... Like the song said I have a bad feeling about what he did. I talk to the old timers they said buy some gold for insurance I did over the years it help me for two divorces...and college for my daughter, I have mostly silver now what leftover 2.000 ounces silver I can ride this out... Tricky Dick started this mess we have monopoly fiat currency now.
@@raymondfrye5017it wasn't even him, those are just the puppets. The organization behind them was the one that set in place the plan to seize and control gold globally
Just found your channel with this video. I haven’t even finished it yet, but I feel confident saying that this is the most sensible, realistic take on precious metals that I’ve seen to date. Literally every other channel I’ve found, in over a year, is emotion/fear/apocalypse-based. Of course there’s a place for metals. I like metals. But they don’t serve the same purpose as either growth or income investments. However, they DO offer better potential for growth than cash sitting in savings, which, as we know, earns far, far less than the rate of inflation.
Agree. That was well thought out and the most articulated explanation on investing in precious metals. It is exactly why i invest in metals and i myself invest in real estates, rrsp, resp for my kids education and whatever else that makes sense at the time. I even started in buying certain porsche cars that have hit the bottom of the depreciation curve. Bought some models, drove em and sold them for a good profit during these pandemic era. Infact, recently i went back to metals due to economic uncertainties. Well done 21. Just earned a subscriber in me. 🙌🏼
@@DrSchor silly goose?- thats not nice kiddo- I personally bought gold for 1.000.00 a ounce- even in this climate- I have nearly doubled my PM net worth.
I bought my first quarter ounce philharmonic when it was only 55 bucks. Man do I miss those days. I'm 52 now. Bought my first silver one ounce round when silver was 4 bucks an ounce. Those were the days!!
Thank you for this video. I watched it some months ago and I have been thinking about it planning to come back to comment. So here is my two cents : Investment is what we decide is one e.g this can be our kids education (if we decide to have them it obviously carries an obligation) this can be time for ourselves (not much point being just another cardiac statistic) or having a hobby which might as well be some reasonable but affordable gold coin collections. Using the title as a guide I looked up historical prices for gold over various 14 year periods and read a number of comments by viewers with two in particular standing out . One stating that they buy and forget while another was asking you to estimate how much growth could be expected over time. In my opinion both comments were valuable in their own right The first was good advice because in order for wealth growth to occur it is absolutely essential to have no emotional attachment and by doing this with gold coin collecting the pleasure remains with having a growing and interesting collection. This can actually be a a lot less risky pastime than many others I can think of. The second comment also complements the first and I will try to explain how. Gold value is, for good or bad, is measured against the USA dollar and historical prices dating back over 200 years can easily be found online. The fourteen year period which saw a massive price increase is mid 60,s to very early 80's which a saw the price per ounce grow twenty fold. The biggest reasons for this are two. That period in time witnessed massive inflation and the USD stopped using the Gold standard. To keep this easy to understand it is best to bear on mind that the period of massive inflation meant that USD (a strong currency) purchased an awful lot less every month meaning more and more were needed to buy items except for electronics which have their own specific price economics. The other apparent exceptions to the rule were food, clothing and labour. These three did rose but not as much , why? Ass production of clothing , changes in food supply chain coupled with lowering of standards as well as increased importing from poorer third world countries.vAt the same time labour in the USA soon to be followed by most of the west did not increase as fast as other prices. This was because of increase efficiencies but also because unions were made more powerless and increased participation in labour force by married women. So many household switched from one income to two incomes. People did not generally notice at first that the premium paid for their labour actually reduced but nowadays it is quite clear as a double income has also been eroded. One last thing to note is that the USD seemed to not lose as much as it could have , the answer is simple, interest rates were very high during hyper inflation and we can see the start of this now. However please bear mind that the punt of USD nd other strong currencies are extreme multiples of what they were over the last fifty years. Of course this could be analysed more but it is better to keep it understandable. There are numerous experts who obfuscate facts. The best way is to not use a currency as the measurement of Golda value. It sply does not work like that. Happy collecting everyone and I hope this is of some help. 🙂🙋
Brand new to it,.. as of about a month ago. In my early 40's and looking to jump in on something that I feel very behind on. I appreciate the long view perspective. It's so different now with social media as well and the community of metals enthusiasts that has really taken off.
This was a no-brainer topic until a few years ago when people began manipulating the value using ETFs. They have oversold gold by almost 100x. Silver has been oversold by several orders of magnitude. It really is a consistent preserver of wealth, but the spot price is now completely decoupled from reality. The dip we saw after 2011 was not reflective of its history.
The best time to buy silver and gold is when it is not being hyped/talked about. I am a numismatist (coin collector) and enjoy collecting (type coins and classic commemoratives). Gold: I recommend British Sovereigns (about 1/4 ounce, low premiums, and a beautiful coin. The British Secret Service would sew them into their belts to be used in emergencies since gold is recognized world wide). Buy from a reputable coin dealer (Abbott’s Coins here in metro-Detroit is great).
I only think of it in terms of not losing all of my money. I’m actually hoping that I don’t see much of a return on my purchases, because it’s likely that things haven’t collapsed. If we find ourselves getting a huge return, things have gotten bad all around us.
Yes I really agree with your view. I do all I can to not even think of my stack. Just keep it out of my thoughts. Love stacking as a savings plan and a refuge for the destruction of our currency. It’s like being addicted to shopping .. except I’m getting rid of "fiat" and getting money.
@@Bill-xx2yh Yeah, Bill, that is one of the best aspects of stacking PMs. We use soft fiat currency to buy a hard money asset. This can be changed back into fiat currency at any time if spending money is needed. In fact, I don't even think of this as "spending" money. It's more like converting soft money into hard money. Unlike most things we can spend our money on, we still have money after buying the PMs. It's just in a different and better form. I see my PMs as a savings plan, a hedge against inflation, and financial insurance in case things get really bad. It's not that I an cheering for hard times, though. It's more like I am thinking that if hard times come, I would rather have some hard money than not have it. Considering the way that the US$ has been abused by politicians and Fedsters who SHOULD know better, it is amazing that it hasn't already collapsed or at least been severely devalued in recent years.
Very interesting background, thanks for sharing. I have been at it for a few more years than you and have been following a very similar path give or take. Zero regrets with any of my metal history!
When stacking becomes a hobby it’s a great investment. Compared to other things that cost and lose you money that makes it a lot more of a high roi activity than most other things and this is something rarely considered.
Love seeing a fellow stacker talk about other investments. I see too many who "don't trust" these other investments like the market or crypto. Gold and silver will not compound like other investments, but they have their place. I plan on holding about 5% of my net worth in gold/silver (only when looking at crypto/equities and not including home in net worth). It's a fun hobby that has value and has "some" potential to grow.
Ive been very curious about getting into purchasing metals as like you said, an investment or saving or an asset - All of the Above. Your video certainly gave me some good insight and gave me some clarity. I feel a lot more confident in moving forward with getting my hand in the cookie jar of metals. Thanks a ton.
Appreciate the vid and insights. I recently just started investing in physical gold/silver, and I too made the decision to only buy American eagles. Glad to see that was a wise decision from your experience.
The way I look at it is i didn’t go and spend it on alcohol or some other useless object from a shop, I purchased shiny and therefore saved my money. I love it.
I buy precious metals at 2nd hand stores. Once I have a sufficient amount, I send it off to a big refiner, have it converted to 24K and take back casting grain (my refiner charges $6 over spot for grain). I then stash it in my bank box for a 'rainy day'. I don't like keeping silver as it's too bulky. Tuesday, I got 905 grams of sterling at a 2nd hand store for about $50. I'll have it converted to 24K soon enough.
I have never looked at buying gold and silver in the same way as I would when buying anything else out there, but instead as a reallocation of my savings; instead of having digital dollar amounts in my bank, I keep a percentage of that cashflow in silver and gold. My hope is of never actually having to use it but instead continue to grow it and, when the day comes for me to move on to heaven, leave it behind for my kids, but if at any point before that and for whatever reason it becomes necessary, I have these real assets to fall back on. I started later in life (late 40's) but I have been consistent over the last two years in buying gold and silver on a monthly basis and plan to continue to do so till the day I die.
Gold and silver preserve wealth, but they don't build it long-term. Gold is best suited for people that already have wealth, and want to preserve their capital in relation to fiat currency. Gold has a 0% ROI when adjusted for M2 over 52 years!
It was good to buy gold approx. 10 years ago when it was approximately 1/10th of today's price. But like always once something (prescious metals, stocks, houses,...) have risen alot then the media and everyone gets excited. But typically it is too late for astute buyers. Gold for example has out performed the stock market as a whole over the past approx. 10 - 14 years.
Good video! I started buying gold and silver back in 2004. Of course the price has increased for both, but there have been some violet swings and then just flat the past few years. All in all the value has increased. I think the younger you are buy some like a few ounces each year. I think the way things are going and have gone over the years with inflation, we could see double the price for both gold and silver over another decade or two. Gold and silver is not a get rich vehicle. You could do better in traditional stocks and mutual funds, and even crypto. My advice and not rocket science, buy some gold, silver, stocks, mutual funds, crypto, and real estate. Don't put all your eggs in one basket. Diversify! You could even invest in quality products like furniture (real wood), tools (made in usa), guns, ammo....anything of value and quality! A little here and a little there! Then when you are older and of retirement age, you will have amassed a wealth of tangible assets that you can sell or trade or pass on to family!
I also started collecting gold in the form of coins in my 30’s, when gold was around 300 dollars per ounce. The only difference I would point out is that by collecting interesting coins, this adds to the value of the investment. Rather than having a store of gold or silver in bullion only, imagine owning a gold Roman coin from Nero, or a stater from Alexander the Great! History unfolds in the palm of your hands. Coinage tells the last 2500 plus years of history.
nice collection..whilst I have not quite got the returns from my stack that I had hoped ..my stack is money I would had otherwise spent...so for 10 years I have saved...All good...
Ive been stacking & collecting for 15-20 years.... it certainly isn't my "best" performing asset... but I just love the hobby-discipline. I'm highly diversified... (stocks real estate, contemporary art, gold & silver, coins & medals, antiques) iMy profession is the contemporary art world... which is my BEST performing asset by far They say "deal in what you now best".... so art is my world But when ever I make a significant sale... I put a certain percentage into gold & silver. I just love the artwork symbology & history. I've never sold anything yet... I'm 65 & I figure I'll sell my collection when I am old slowing down & or retired. who knows when that will be & what the silver & gold mark is like then We are in ERY strange times
I have been looking at it recently, the added benefit of it in the UK is that if you buy only gold/silver/platinum coins then you are exempt from capital gains tax.
You are exempt from CGT if the coins are sovereigns or Britannia coins as they are considered legal UK currency. That doesn't apply to any gold, silver or platinum coin only the 2 l mentioned.
Gold and silver aren’t just a store of wealth and a hedge against inflation - they are a store of energy. As unconventional Oil peaks over the next decade just as conventional oil did in 2005 this will become more and more relevant.
How exactly are PMs (and BTC) 'storing energy'? They required energy to mine and manufacture but you aren't getting that energy back to power something else?
I’m 15 and own a 10oz silver bar and 5 gram gold bar. I’m going to probably pull the trigger on a 1/10oz gold coin. I like having these metals because even though I am “spending” my money it’s not like the metals aren’t going to be close to what I payed for them. If I was to instead buy an Xbox for example and then later on sell it I would get way less then what I payed for it. Having these metals is just a cool way of saving that makes me want to save even more because I don’t want to liquidate these metals into cash.
I sort of do this with vintage instruments. If i see a good deal on a rarer instrument. I immediately buy it. I enjoy playing them alot and after a couple years i sell it with significant percentage increases. Since im usually the only one selling that specific model i can control the market of its price
Cost-averaging seems like a good way to go. Just like other investments. I just allocate a certain percentage of my monthly income towards this and I can save up for the tubes or gold coins that way.
I like your thinking. Let’s hope it doesn’t go up in price but the older I get the more certain I am that it will. It’s a hedge against bad government and central bank decisions.
yea don't see a moon shot ,I rode Gold up to 2k bought in around 1K a ounce .Then watched it fall down to $ 1200 got out of Gold bought real estate that worked out well .Now all these years later I am looking at Gold again BUT having to pay so much over spot is a bitter pill that I am not sure I can swallow .
As of May of 2022 I've found the premiums on American Silver Eagles super high at 60% plus. The dealers seem to buy them at spot or maybe a couple of dollars over spot. Very discouraging.
I agree with everything your saying. For me investment in gold is definitely a long term investment. So I'm investing in gold for the future of my daughter. Its pretty much a banker for a 20 year goal..
Thanks for your insight, it's very much appreciated. I'm new to the "investment" world so I'm still exploring options (gold, stocks, bonds and real-estate). Unfortunately for me, it took an economic crisis to start thinking about "investments". I hope anyone seeing this will start thinking and researching ASAP.
Gold or silver for that matter will never be worth zero. Understanding this is key to how one allocates his or her fiat. There's truly no risk in trading fiat for either but the way to approach it is getting the most bang for the fiat buck. It may take a bit longer to acquire gold but the margin is in one's favor. One thing to remind ourselves is the words of that often derided snob, JP Morgan - Gold is money everything else is credit (debt). Gold spot is at $1965.60 and silver is at $25.87 as this is typed. Both will only move north over long term and outpace inflation and that's a win-win for defending one's earnings from devaluation.
@@2is1gold Those chickens are certainly coming home to roost. A minimum .5% fed rate hike being on the horizon coupled with higher CPI & PPI numbers while durable goods numbers falling along with home sales sliding and Ukraine's infrastructure being decimated by that autocrat Putin will only drive gold higher. Average U.S. consumers struggle to fill their tanks, put food on the table and keep roofs over their heads is not a good thing. The storm is upon us and some of us had the foresight to deploy a sturdy umbrella to shield ourselves. It was only a matter of time as history once again repeats...
I just started collecting. To me "investment" is gambling on something hypothetical and intangible where something like collecting precious metals feels like physical proof of what you have saved. Tbh as a collector of things I just find it more fun. Something you can pick up and look at.
I am very interested in technical analysis, I do think it does work . What I am seeing in the charts are big corrections down for both gold and silver, after that the only way will be up, with both gold and silver well past new highs.
@@nickyroks6092 Thanks, for your comment, greedy?, for me it is about being in a good place when the system of ever growing number of fiat currency units finally hits the rocks, as it surely must do. Now, the moment of truth is at hand, so for me, it is gold down to about $1640, silver no lower than $17. then both to turn, gold to a new high, well before year end, the USD? Peter Schiff thinks it is going down for the count, who am I to argue? If this does not happen, then I will have got something very badly wrong!
I started buy proof sovereigns and other UK coins a few years ago. Not really thinking on the near term but rather a decent tax free long term way of saving money for my daughter. Hopefully when she turns 18 theyll be a good amount there
Buying metals is a mindset that a lot of people choose not to take. Someone that gets distracted by the latest things on the market thru advertisements. People want it now not thru time. Probably the reason some have problems saving money in general. Pressure to do the same things as others and own the same things. Even though they have two different incomes. Slow and easy making every step count won't let anyone miss out.....
Gold and silver helped introduce me to investing. I bought 26 Oz gold and 1,000 Oz silver, all physical. After that, I got into stocks. In 5 yrs I've amassed $80k, and only wish I'd started sooner (but I was a heroin addict and crackhead for 15 yrs so, I'm just thankful for where I'm at at 39 yrs old). Keep $6000 cash which I'm about to use for a 6-step treasury bill ladder, 26 week bills on a 4 week frequency.
To be successful in markets, traders should understand the crossover between asset classes & liquidity flow. Mrs Julia David focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch.
I invest with Mrs. Julia too, she charges a 20% commission on profit made after every trading session which is fair compared to the effort she put in to make huge profits
I'm 24 and just purchased my first round of precious metals from APMEX. A little under 400 dollars and I got a little bit of everything: Gold, Silver, Platinum, and Palladium. I definitely want to diversify my investments with some precious metals but will also focus on funding other things such as my 401k, Roth IRA, and emergency savings. I thought this video was super informative!!! I also just think owing actual gold is cool, lol.
@@DrSchor I agree. I bought a small set of precious metals but I realized I just bought into the hype. Not saying precious metals are bad but I am better off just investing into index funds and watching money grow
@@DrSchoryou say that now. But if the for whatever the US defaults on National Debt you can kiss your 401k goodbye. The key is diversified. It never hurts to have gold/metals. Remember gold is finite scare resource. Not currency bound. The dollar is looking weaker by the minute.
When hypersonic inflation starts, people will buying anything to try and retain wealth. At this time, stackers will wish they had went all in at $1950. I said the same thing at $1800, and then $1900, and yes, I wish I had bought a lot more at $1800.
@@frenchonion4595 With the upcoming rate hike which I think may be a full percent, gold may fall more, so I am not sure how much cheaper we can actually buy it, as If it falls to $1650, current premiums may not last long and may substantially increase. . That being said, a full percent will devastate the markets, housing and auto sales. I think it won't be long before rates will be reversed, and or, the presses start turning out a few more trillions in stimulus, and then inflation will get much worse than it is now. As it is, inflation will not be controlled by by rate hikes, because it would take much higher rate hikes than the FED can do to get it under control. So at this time, people will be going into hard assets, and gold and silver will shine. So it it hits $1650, I will jump in before premiums increase. All this said, it's not an overnight process, as it may take a few months to start falling apart, and rates lowered and money printing started again. It is said, a rate hike to lower inflation will take a year before the effects work their way down, but in this case, inflation is to high for it to be put under control. And rate hikes are quick to slow the economy if they are to high, as we see home loans and sales are falling, and even some new home orders are being cancelled because people do not want the high interest, and falling home prices. Same with car and business loans. This is my opinion., and people who know more, may disagree. So back to what I said,, before it is over, and gold passes $2000, then possibly $3000, people who put off buying, will wish they had bought in even at $1950. At current prices, it is pretty cheap to me.
@@Knife_Collector tend to agree with you. The Gov is in a very hard spot. Back in the late 70's the fed put the hammer down and raised rates to 20% but if they do that this time is not clear. Everyone is leveraged to the hilt so rates raising to that level would indeed be devastating. Crazy times
I needed to sell silver in the past due to an unexpected emergency. I basically broke even, so investment wise, I didn't really profit, but I still had a fallback. The money that I had originally spent would have likely gone to something else that wouldn't have retained value, if it were even still existing. Silver saved me.
Yeah, I like that extra selling friction. Keeps it around until you actually need it. Cheers!
@@2is1gold Amen. 🍻
You were better off buying a 80s chevy truck than gold. Nobody makes money with gold.
@@navajorezathlete1202 chevy, lol.
@@jarodcrazyindian right? Lol ...
I have never felt bad after purchasing gold or silver. The one thing I will say- never go “all in” on metals or let emotion take hold. Make it a long term thing and always have at least 6 months of cash for emergency expenses. Makes it much less stressful and more fun to stack.
@@edb3877 Great words brother! PM community is a fantastic one
Thank you for this. My heart wants me to go all in on gold but my brain says 50/50
@@srt8up4shot as long as you have 6 months of expenses saved in cash and you don’t have a lot of debt, buy as much as you want!
@@mikehawk4856 It sure is, Mike. Lots of great experience and info to be shared. This makes us
all better off, for sure.
Unless you start becoming obsessed with the different series like i am with the RCM Wildlife and birds of prey series and the 1.5 ounce series. I see them surface somewhere and i have to buy them.. then a couple days later different ones appear and i can't help but buy them too, while they are available. Can't just have one of each either, i have to have multiple. The bad thing about that is how attached i am to them. I keep trying to force myself to just buy tubes of rounds, but it's hard.
I bought my first metal last week, a 1 oz Britannia coin! I am 35. I didn't know about gold & silver until recently. Your channel informed me well. I will buy one more 1 oz gold coin this year. It's just glorified savings, that's all.
Fantastic. Cheers!
That's a great coin. Congrats.
Yup I’m new too. Doing the same as you just getting info. I think of it as savings as well. If I get silver or gold I don’t tend to spend it and it could even gain value
Britannias are a beautiful coin, congratulations 🙂
Exactly! It's just saving real money -- not an investment, not insurance, not speculation. Not too long ago, saving dollar bills was like having a check that you could cash at the bank for coins similar to that Britannia you just bought. That's why my cash savings are in gold and silver.
I don’t buy metals for investment. I don’t buy metals for profit. I buy metals for insurance. Since 1992.
🤜🤛
Great comment!
Such weak mindset lol
@@david7384 troll much? or sarcasm?
Best explanation I've heard yet. Couldn't agree more.
I have always viewed gold and silver as a savings not an investment. Every time I make a purchase I think of it as moving my savings from cash to precious metals and never feel bad or think I made a bad choice in doing so
BG is both.
It has out performed the s&p 500 ,, i remember in the year 2000 when gold was $275 per ounce , now its just under $2000 an oz.. thats a 700% increase in value, i just don’t understand how people cannot grasp the concept of physical good being an investment lol its crazy to me
@@maxpainmedia because over the past 100 years it has averaged slightly worse than the s&p500 at 7.7% bull runs aside it’s much better to view as a savings that can keep you safer from inflation
@@braxtonbrock6430 look, the IRS or the FBI can effortlessly freeze your accounts, but gold they have to get it back in blood, call me old school but i feel more in control of my assets if theyre physical, Gold, Guns, Land.. you have to get that in blood
@@maxpainmedia Fair enough but if they wanted to get you they would
I started investing in gold and silver because as you said to have an asset outside the banking system. I didn't do it to make money, I do it to save money that I hold and control.
I think that always makes sense. Cheers!
A valuable lesson for all nations in a sanction, confiscation, Western financial system.
Why such weak ambitions
All about insurance. It is the reason why the worlds richest families have 1/3 of their net worth in gold (Colonna family - 34 generations).
@@c.san.8751 Thats what I did, 1/3 of my investments are now in gold and silver.
An important point to remember is that money spent on this is not wasted money. The fun of stacking keeps a lot of people from spending that money on other stuff like drinking which is a black hole your throwing money into
Agreed!
@@DrSchor its called life but ok hermit
@@GrizzlyJRofficial he is probably a bot lol
@@GrizzlyJRofficial lol “ok hermit”
either he was just joking and was just yanking your chain….or that guy lives with his Mommy at age 48 and his judgmental comments make him feel better 😆
“Its called Life” is exactly right….
i live in California SF Bay Area by some of the most expensive real estate in the world ….Life is ridiculously expensive
Even if you are someone living in a cardboard box on Government assistance you need like 100k/ year just to maintain your state of Homelessness 😂 lol ( Im joking obviously, but you get the point)
when I quit drinking, I started spending the alcohol money into silver. after 6 months I looked at my "alcohol stash" and couldn't believe how much I was drinking away. besides the money alcohol is the worst drug ever discovered. sobriety is amazing
BRICS seeks to create a new currency, considering gold's historical role as a store of value and medium of exchange. However, the functionality and acceptance of a gold-backed currency in the current global financial system are uncertain. Creating a new currency requires careful consideration of economic, political, and logistical factors.
The discussions and proposals surrounding BRICS nations' potential use of gold are intriguing. People choose to buy gold for various reasons, such as its historical role as a store of value and medium of exchange, its potential as a hedge against inflation or currency devaluation, and its relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolios due to its low correlation with stocks and bonds.
It simply means the allocation of money toward an asset or portfolio, with the expectation of earning a return over time.
According to Patricia strain an expert, this can occur through appreciation in the price of the asset, earning interest, dividends or royalties.
Patricia Strain must be a great person, her strategies are top notch.
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash I invested the money using an analyst, and in seven months, I raked in almost $673,000
I never viewed metals as an investment, but I always saw it as a great way to save your cash & retain the value from when you bought it. It’s not hard to turn it to liquid cash, and it beats letting inflation destroy your savings.
@@DrSchor I would never trust the government with ANY of my money.
the government crashes and now you are broke. @@DrSchor
@@DrSchor lmao. Bonds are more secure. L O L.
and when the fkn $$$ crashes and the government defaults? know what happens then?
you'll be bankrupt and I'll be sitting here with a stack of metals I can take to canada and get shit I need. lol
What if there is a flood how do you hold on to gold and silver?
@@LukeVincent-xt4dz Gold & silver will survive a flood. Make sure you keep it on your emergency backpack with all the most essential items for you to start your life over again.
38 years this year in metals.
I dont regret a thing. Never lost a dime. Always come out ahead. And i have fun doing it.
The fun part is good. I love looking at gold coins. But as an investment? 38 years the rate of compounding return on gold is about 5% ...yup that's it. From $320 38 years ago to $2,043 now..... a whopping 5%.
@uy1000 Then youre doing it wrong. lol.
gold isnt the 'investment' metal. IF you had educated yourself, youd know that. The other white metals are the ones that are volatile enough over time to actually make money and come out ahead.
My rhodium was bought at under $1k. It went to 26K...you do the math.
I always come out ahead in METALS. Maybe read next time instead of inserting 'gold' into what has been said.
@@ArmedPatriots
Fair enough. ...well done too I must say!
I used to trade gold futures and options on the COMEX in NY back in the olden days...lol ...I was a full NY Cotton Ex member on the same trading floor.
@@ArmedPatriots
Fair enough... and you've done well! ( I used to trade gold and silver on the COMEX in the olden days...lol)
I started late but I have been stacking for 3 years I have 8 ounces gold and 4 kilo silver so I think I am doing ok for 65 year old
lol I'm 30 and bought my first Silver Eagle early last month. I now have 40oz of silver and want to cap my holding at 50oz. lol
Better late than never 😜
Why do people buy coins instead of just one oz of gold itself?
@@thetruedealio8792 I have one ounce and fractional coins for convenience
@@mikespence4722 I am curious. Why are you buying coins, and not just purchasing an ounce of gold? I think they call it gold bullion by weight. I am just starting out and want to know the benefits of each. I am not really going to buy gold to look at the coin itself. I would be buying it as a savings to keep up with inflation or maybe surpass it
I started buying gold and silver one year ago. My first purchase was a Silver Eagle and 1 gram Pamp Swiss bar. I now have over 11 oz of gold and 40 oz of silver. I just ordered 2 more Silver Eagles today, keep my stack growing!
Nice work!
Where do you buy them from?
@@trojan7933 jm Bullion, apmex, sd Bullion, ebay
Where do you live?
@@sj1260 that's hilarious
Well said. Its a hobby investment that can pay for itself and there are other hobbies that are alot worse than buying gold or silver coins. Like anything else, enjoy it and pass it unto your loved ones.
100%
Yeah like survival gear and emergency gear cuz I'm starting to go down that rabbithole
I don't see it as a hobby. I see it as a necessity. We're seeing the US purposely devalue the dollar, but silver and gold will retain its value. It's always been valuable since the beginning of time. It's a smart investment for what's to come unfortunately.
I buy silver jewelry. It looks nice and I'm keeping the whole lot for my daughter
Buying silver and gold is easy, but it is renowned for stability during economic hard times like this. The main problem is investing in stocks, dividends and even cryptocurrencies to grow your portfolio.... I’ve been trying to grow my portfolio of $190K for some time now, my major challenge is not knowing the best entry and exit strategies ... I would greatly appreciate any suggestions
Just try to diversify your portfolio to other market sectors, that way your portfolio is balanced and you don’t get to make so much losses. Also engage the services of a financial advisor to walk you through
Right, I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments.
How do I reach out to a financial advisor, my portfolio has been struggling since 2022 and I’ve been holding on by the skin of my teeth.
"Rebecca Nassar Dunne" is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
Spoke with a bullion dealer and he said when 2011 boomed with silver, it did not matter if it was an eagle or generic. Dealers paid about the same-they just wanted silver whatever it was.
For me, my silver investment is 10% of my total investment. Passive investing’s goal is to build wealth gradually. Also known as a buy-and-hold strategy, passive investing means buying an asset to own it long-term. In 2003 silver was $5 and in 2023 it is $22.
For all the silver doubters out there who haven't seen much movement in silver for the last 10 yrs, they forget or don't know that silver was a dollar an oz for a long time. So from a dollar to twenty dollars, there's really no ceiling to how high silver can go. Maybe in the next ten/twenty yrs it can go to a hundred, time will tell.
Regardless of the silver bashing clowns these videos always get, you literally cannot lose in silver unless you do something stupid like sell on the dip.
If the price falls, buy more...bring your per oz average down.
if the price blows up, trade off for a metal that is about the same. Gold or Platinum, most likely.
Got in at $1350 gold and $15 silver. It's been 4 years.
Purchase power, major emergencies and universal value are my reasons for owning.
Wanted to crunch some math. Gold has gone up about 50% since your purchase. There was about 11 trillion U.S. dollars in circulation. There are now over 20 trillion. Meaning that the M2 expansion of fiat currency is up approximately 100% but your gold is only up 50%. In other words, the amount of money in circulation has gone up nearly 100% but your wealth has only gone up 50%. You've still lost 50% purchasing power.
Silver is only up to $22 today meaning that the return on silver has been even worse.
Just an honest question, I'm really not trying to make any points here. But do you think the loss of purchasing power still justifies the purchase of gold, especially since the monetary premium on gold for most people is 40-60%? It seems like you're down significantly on your value protected. Because silver has transitioned into an industrial commodity and is no longer considered money since it can be produced at will when the price goes up, do you still want to hold your silver?
Thats good! I crunched the numbers above as if you purchased at spot price so that math still checks out. When we purchased gold we bought at scrap instead of spot price.
How do you personally feel about that math and logic? Again im genuinely curious I dont have any point to prove
@Joe-no7gs
@@bitcoindom 40% premium is insane, you should be able to get at LEAST 10%
Your comments sound like a conversation I had at my LCS recently.
I don’t ever feel like I have to buy, or I need to buy. But I can’t shake the idea that I would like to have a little more.
It's a constant low level buzzing sensation for me at this point. 😄
The way you tackle this issue is phenomenal! Kudos for not adding fuel to the "Hype Train" Fire.
🤜🤛
You're one of the most sensible content providers on the subject of precious metals, in my opinion. I think that is an important stance to take, especially right now as new and influential "investors" enter the arena. We have enough pumpers, it's good to have a voice of reason. 👍🏻
Thanks, Razza!
How can someone who have 5-10 oz could be a pumper?
@@MarcoIdolo pumpers being some of the other content providers, not the new investors/listeners.
Just started about six weeks ago. I've got 3x 1oz silver coins and 1x quarter sovereign. On a low budget but at the moment just buying when I can. Loving it.....
That's great!
Keep going mate
Completely new here, been on the fence vacillating between starting, and researching. Based on the video, and the comments is highly apparent that making this move or transfer of our “dollars“ (unit of measurement) to a physical metal makes sense. Huge thank you to you and the folks that have been commenting here. I know what I Gotta do now.
100% - glad I found this channel - you think about this exactly like I do and our story is pretty much the same (I started in 2009) - my stack is 75/25 silver/Gold - mostly Canadian maples but have about 90 oz of junk silver too. I do see metals as a bit of insurance but my plans is to liquidate 1/5 of my stack each your in my first 5 years of retirement for holidays. Depending on the price, it could be a trip to the lake or a luxury cruise but I know I will have 5 nice holidays from 60-65yrs of age. My wife does not even know I have the 6 digit (in todays value) of bullion savings. I have only used my employment expense refunds ( I travel a lot) to buy metals and got a few gold maples from my dad when he passed.... Thanks for the great video
My brother I appreciate your honesty and transparency. Blessings!!
Thanks!
My savings account gets 0.5% interest and that's as good as I've been able to find. With inflation hitting 5%+ this year I'll gladly take a flier on metals. I'm thinking of it as a more fun and interesting savings method. There's something about holding a coin in your hand that's more comforting compared to seeing digits on a computer screen.
Agreed!
And to think digits can be wiped out with a few keystrokes
I'm considering starting to buy gold and silver as well for similar reasons. Another reason is that there's a psychological and practical barrier to spending the money on a whim, which would be useful for me personally. Trying to save inflationary fiat money as numbers on a screen is basically combining a whole lot of psychological incentives that push people towards spending.
More like 20 percent
Real inflation rate is 30% bro...
Told my wife our precious metals are also there to cover the property taxes if the worst were to happen. We’re debt free so having that backup is peace of mind just in case. Once she heard that she’s been hooked on surfing the metal sites with me. She’s always excited when she sees a fair premium.
What a babe
I am new to your channel and you give great info. Thanks a lot. I am watching your videos and I am planning to start buying gold coins in the near future. Thank you.
Thanks for the note. Good luck!
Been buying gold for about 4 to 5 years now and it's come in really helpful when I've needed any extra cash. Like a safety net.
That’s exactly what it is. And it’s intended purpose.
The price of gold, for me, is what the price of money is. Gold always leads IMHO. What's weird is explaining it is rather difficult, yet it makes complete sense. It's not an investment in the traditional sense, but because of that, it paradoxically is because of it's hedging ability, etc. I look at gold as savings, at the very least. Rather than holding savings in cash, I hold in gold (and silver).
I always think of it as investing in the future as I'm buying it and look at what I have as savings. I'm making too much out of the words, but I always get challenged about word choice in the comments. 😄
@@2is1gold Technically it's both if you make gains, right? You go in as savings, but unlike MOST savings accounts you actually earn over time lol.
Greetings from Poland.
In the 2nd week of March, gold came near ATH value in USD. But since we have war in neighboring Ukraine, gold price in our local Polish currency was reaching a new ATH every few days! Recent days it has dropped a little, but still it is about 1/7 above the previous ATH from 2020.
So the closer to war area, the more shines the gold.
Interesting, I bought gold since 1987 every time I could, I never needed to sell it since then. Now I am in my 70ties and perhaps I need to sell in the coming 10 years, but it is available and that is good for lower stress. in life.
Gold is a pretty cool and sexy savings account. I bought a stack of 8 one ounce coins back in 2014 to stuff into my existing coin collection. In 2018 I was in bad financial shape. Sold those panda and maple leaf coins when I was in a real bind. I can't tell you how good it felt to have that safety net to fall back on. It really helped.
For sure. Having it when you need is huge. Cheers!
Where'd you sell at?
@@subzero-ws7wt Coin show in Florida. I did get close to spot. About $15-$20 under.
After a horrendous 2022, shell-stunned financial backers have misfortunes to recover and a lot to consider, as an expansion report and a pile of different information did close to nothing to change assumptions that the Central bank would probably keep climbing intrest rates regardless of whether the economy dials back, And that implies more red ink for portfolios for the principal quarter of year 2023. How might I benefit from the ongoing unstable market, I'm currently at a junction choosing if to exchange my $250k security/stock portfolio.
Center around two key targets. In the first place, remain safeguarded by realizing when to offer stocks to cut misfortunes and catch benefits. Second, get ready to benefit when the market turns around.I suggest you look for the direction a representative or monetary consultant.
@Drago250 Could you please leave your investment advisor details here? I need it urgently.
@Dragon Jee Much appreciated, I gazed her upward on the web and was profoundly dazzled by her qualifications; I reached out to her since I really want all the assist I with canning get. I just set up a call.
Finally someone that is truthful and understanding about this. Props to you brother. I always have a hard time telling people why I buy gold. Hard to explain. You did a fantastic job!
Thank you!
After many hype channels I've watched, this is a very level headed, down to earth view on stacking precious metals.
Thanks! 🤜🤛
I just absolutely love that your channel is so realistic about expectations on metals. So many people just either rag on metals as pointless or rave about them as the solution to every problem.
Thanks, Caleb!
As far as I’m concerned, my collection is the only vice I have that I don’t feel bad about. Was it worth it? I say yes, no regrets-
Same. NO REGERTS
@@mariofloresmx Even with premiums silver is EXTREMELY undervalued
@@mariofloresmx Yes, premiums have gone up a lot recently but for those who bought silver years
ago and have an all-in cost of $17 or $18 an oz., they are not feeling any pain over the prices they paid.
Exactly
right on, keep it up, same here, wish I bought more thus far, wish I could have saved all that money from childhood, and more wishes, but I do what I can
I'm nearly 50, been investing in physical gold and silver since my 20's. Let me give you some advice on silver. Buy at auctions. Buy as much silver (prefably Stirling grade - .925 or above) as you can afford once a month. I usually come away with no less than 2-3 KG each time. The reason I prefer aquiring silver this way is the striking premium is killing at least 20% of your investment on each silver coin you buy - everytime! Then you have VAT. Granted you still have VAT and auction fee's but when buying at auction but it evens itself way quicker. Price wise I generally aim to pick up 1Toz of .925 for around £12-15 which is well below spot price. Second, learn how to refine your own silver. Scrap silver is bulky and you'll soon run out of storage space. Learn to melt it down into more managable sized ingots, it's fun, you can get pretty creative, and most imporantly is easier to store than grandma's bulky old silver service set! Good luck my fellow silver stackers.
I agree with you 100%. You Sir, are a very realistic well-rounded Individual. Excellent topic. Please continue!
Thanks!
I have around 5kg of silver, 20g gold, 1kg copper and currently saving for palladium.
I don’t ever plan on making money, it’s more of an insurance policy and pretty nice to look at.
and how do you plan to claim your insurance? when SHTF, people will need gasoline, food, guns and bullets. How do you think silver will help you in such times?
@@sunshadow9704I don’t think we’re planning for the same thing. But when ever financial collapses happen, gold silver and other metals always retain there value.
Collapse of all empires, Egyptian, Roman, Greeks and even more recently the British empire, it was gold and silver that was used as the commodity between trading parties when currencies were obliterated.
Money today has no value other than that we give it.
Old money actually uses gold and silver because the metal it’s self is worth something.
It's prevention against inflation just like aristocratic family's have been doing for centu
Started in 1972 bought gold at I think it was $45.00 a ounce and silver at $ 1.75 it's been so long ago... I remember Nixon announced in the summer of 71 we were going off the gold standard... The crook said it was temporary... Like the song said I have a bad feeling about what he did. I talk to the old timers they said buy some gold for insurance I did over the years it help me for two divorces...and college for my daughter, I have mostly silver now what leftover 2.000 ounces silver I can ride this out... Tricky Dick started this mess we have monopoly fiat currency now.
Families could afford houses back then?? Different world.
Tricky Dick started this mess in 1972? It wasn't Tricky Dick but Gimpy Roosevelt 1933.
@@raymondfrye5017it wasn't even him, those are just the puppets. The organization behind them was the one that set in place the plan to seize and control gold globally
maybe you shouldnt get married anymore ?
Just found your channel with this video. I haven’t even finished it yet, but I feel confident saying that this is the most sensible, realistic take on precious metals that I’ve seen to date. Literally every other channel I’ve found, in over a year, is emotion/fear/apocalypse-based. Of course there’s a place for metals. I like metals. But they don’t serve the same purpose as either growth or income investments.
However, they DO offer better potential for growth than cash sitting in savings, which, as we know, earns far, far less than the rate of inflation.
Thanks for the note. Good to have you here. 🤜🤛
Agree. That was well thought out and the most articulated explanation on investing in precious metals. It is exactly why i invest in metals and i myself invest in real estates, rrsp, resp for my kids education and whatever else that makes sense at the time. I even started in buying certain porsche cars that have hit the bottom of the depreciation curve. Bought some models, drove em and sold them for a good profit during these pandemic era. Infact, recently i went back to metals due to economic uncertainties. Well done 21. Just earned a subscriber in me. 🙌🏼
@@DrSchor silly goose?- thats not nice kiddo- I personally bought gold for 1.000.00 a ounce- even in this climate- I have nearly doubled my PM net worth.
I bought my first quarter ounce philharmonic when it was only 55 bucks. Man do I miss those days. I'm 52 now. Bought my first silver one ounce round when silver was 4 bucks an ounce. Those were the days!!
I look at it as the only thing Goldman Sachs can not steal from me.
Thank you for this video. I watched it some months ago and I have been thinking about it planning to come back to comment.
So here is my two cents : Investment is what we decide is one e.g this can be our kids education (if we decide to have them it obviously carries an obligation) this can be time for ourselves (not much point being just another cardiac statistic) or having a hobby which might as well be some reasonable but affordable gold coin collections.
Using the title as a guide I looked up historical prices for gold over various 14 year periods and read a number of comments by viewers with two in particular standing out . One stating that they buy and forget while another was asking you to estimate how much growth could be expected over time.
In my opinion both comments were valuable in their own right The first was good advice because in order for wealth growth to occur it is absolutely essential to have no emotional attachment and by doing this with gold coin collecting the pleasure remains with having a growing and interesting collection. This can actually be a a lot less risky pastime than many others I can think of. The second comment also complements the first and I will try to explain how.
Gold value is, for good or bad, is measured against the USA dollar and historical prices dating back over 200 years can easily be found online. The fourteen year period which saw a massive price increase is mid 60,s to very early 80's which a saw the price per ounce grow twenty fold. The biggest reasons for this are two. That period in time witnessed massive inflation and the USD stopped using the Gold standard.
To keep this easy to understand it is best to bear on mind that the period of massive inflation meant that USD (a strong currency) purchased an awful lot less every month meaning more and more were needed to buy items except for electronics which have their own specific price economics. The other apparent exceptions to the rule were food, clothing and labour. These three did rose but not as much , why? Ass production of clothing , changes in food supply chain coupled with lowering of standards as well as increased importing from poorer third world countries.vAt the same time labour in the USA soon to be followed by most of the west did not increase as fast as other prices. This was because of increase efficiencies but also because unions were made more powerless and increased participation in labour force by married women. So many household switched from one income to two incomes.
People did not generally notice at first that the premium paid for their labour actually reduced but nowadays it is quite clear as a double income has also been eroded.
One last thing to note is that the USD seemed to not lose as much as it could have , the answer is simple, interest rates were very high during hyper inflation and we can see the start of this now. However please bear mind that the punt of USD nd other strong currencies are extreme multiples of what they were over the last fifty years.
Of course this could be analysed more but it is better to keep it understandable. There are numerous experts who obfuscate facts.
The best way is to not use a currency as the measurement of Golda value. It sply does not work like that.
Happy collecting everyone and I hope this is of some help. 🙂🙋
Brand new to it,.. as of about a month ago. In my early 40's and looking to jump in on something that I feel very behind on.
I appreciate the long view perspective. It's so different now with social media as well and the community of metals enthusiasts that has really taken off.
Still young. You have 50 plus potential years of investing
The best intro to the topic, to the channel I've seen. Easy description of personal and objective views.
This was a no-brainer topic until a few years ago when people began manipulating the value using ETFs. They have oversold gold by almost 100x. Silver has been oversold by several orders of magnitude. It really is a consistent preserver of wealth, but the spot price is now completely decoupled from reality. The dip we saw after 2011 was not reflective of its history.
What is RFC?
@@wilfriedvomacka1783 *ETFs
Autocorrect.
@@Austin1990 oh, thanks!
Just but trump coins
@@mictianabsterges1313
Not gonna sugar coat it; all the designs I have seen are horribly ugly.
Personal experiences are the most valuable. Thank you.
Thanks for watching!
Super interesting. Thank you.
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The best time to buy silver and gold is when it is not being hyped/talked about. I am a numismatist (coin collector) and enjoy collecting (type coins and classic commemoratives).
Gold: I recommend British Sovereigns (about 1/4 ounce, low premiums, and a beautiful coin. The British Secret Service would sew them into their belts to be used in emergencies since gold is recognized world wide). Buy from a reputable coin dealer (Abbott’s Coins here in metro-Detroit is great).
I only think of it in terms of not losing all of my money. I’m actually hoping that I don’t see much of a return on my purchases, because it’s likely that things haven’t collapsed. If we find ourselves getting a huge return, things have gotten bad all around us.
Yeah, I'll happily take slow gains on metals. Cheers!
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Yes I really agree with your view. I do all I can to not even think of my stack. Just keep it out of my thoughts.
Love stacking as a savings plan and a refuge for the destruction of our currency. It’s like being addicted to shopping .. except I’m getting rid of "fiat" and getting money.
@@Bill-xx2yh Yeah, Bill, that is one of the best aspects of stacking PMs. We use soft fiat currency to
buy a hard money asset. This can be changed back into fiat currency at any time if spending
money is needed. In fact, I don't even think of this as "spending" money. It's more like
converting soft money into hard money. Unlike most things we can spend our money on,
we still have money after buying the PMs. It's just in a different and better form. I see my
PMs as a savings plan, a hedge against inflation, and financial insurance in case things get
really bad. It's not that I an cheering for hard times, though. It's more like I am thinking that
if hard times come, I would rather have some hard money than not have it. Considering the
way that the US$ has been abused by politicians and Fedsters who SHOULD know better, it
is amazing that it hasn't already collapsed or at least been severely devalued in recent years.
@@edb3877 are leaders are largely killing us all.
Awesome video, I appreciate you showing your Metals slowly, their beautiful.
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Very interesting background, thanks for sharing. I have been at it for a few more years than you and have been following a very similar path give or take. Zero regrets with any of my metal history!
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When stacking becomes a hobby it’s a great investment. Compared to other things that cost and lose you money that makes it a lot more of a high roi activity than most other things and this is something rarely considered.
I really appreciate your down to earth approach to owning precious metals.
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Love seeing a fellow stacker talk about other investments. I see too many who "don't trust" these other investments like the market or crypto. Gold and silver will not compound like other investments, but they have their place. I plan on holding about 5% of my net worth in gold/silver (only when looking at crypto/equities and not including home in net worth). It's a fun hobby that has value and has "some" potential to grow.
Ive been very curious about getting into purchasing metals as like you said, an investment or saving or an asset - All of the Above. Your video certainly gave me some good insight and gave me some clarity. I feel a lot more confident in moving forward with getting my hand in the cookie jar of metals. Thanks a ton.
Appreciate the vid and insights. I recently just started investing in physical gold/silver, and I too made the decision to only buy American eagles. Glad to see that was a wise decision from your experience.
You made a good choice. Cheers!
This is one of those areas I've never had the spare cash to get into. It's hard to buy even silver when you are struggling to pay bills.
The way I look at it is i didn’t go and spend it on alcohol or some other useless object from a shop, I purchased shiny and therefore saved my money. I love it.
Yep!
I buy precious metals at 2nd hand stores. Once I have a sufficient amount, I send it off to a big refiner, have it converted to 24K and take back casting grain (my refiner charges $6 over spot for grain). I then stash it in my bank box for a 'rainy day'. I don't like keeping silver as it's too bulky. Tuesday, I got 905 grams of sterling at a 2nd hand store for about $50. I'll have it converted to 24K soon enough.
i wanna know more about this
I have never looked at buying gold and silver in the same way as I would when buying anything else out there, but instead as a reallocation of my savings; instead of having digital dollar amounts in my bank, I keep a percentage of that cashflow in silver and gold. My hope is of never actually having to use it but instead continue to grow it and, when the day comes for me to move on to heaven, leave it behind for my kids, but if at any point before that and for whatever reason it becomes necessary, I have these real assets to fall back on. I started later in life (late 40's) but I have been consistent over the last two years in buying gold and silver on a monthly basis and plan to continue to do so till the day I die.
Gold and silver preserve wealth, but they don't build it long-term. Gold is best suited for people that already have wealth, and want to preserve their capital in relation to fiat currency. Gold has a 0% ROI when adjusted for M2 over 52 years!
52 years huh? Kind of a specific case to tell a specific story. 😅
@@2is1gold Just data and observation. No story other than the facts I put in the post. Gold is a wealth preserver, but not a wealth builder.
Gold cost less than $800 an oz 15 years ago, it is close to $2500 an oz today…sooo
It was good to buy gold approx. 10 years ago when it was approximately 1/10th of today's price.
But like always once something (prescious metals, stocks, houses,...) have risen alot then the media and everyone gets excited. But typically it is too late for astute buyers.
Gold for example has out performed the stock market as a whole over the past approx. 10 - 14 years.
I love it, reasonable and sane presentation with good solid advise. Thank you.
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You've been very wise with your "investments" and hedge! Congratulations sir.
Hey thanks, Sal! 🤜🤛
Good video! I started buying gold and silver back in 2004. Of course the price has increased for both, but there have been some violet swings and then just flat the past few years. All in all the value has increased. I think the younger you are buy some like a few ounces each year. I think the way things are going and have gone over the years with inflation, we could see double the price for both gold and silver over another decade or two. Gold and silver is not a get rich vehicle. You could do better in traditional stocks and mutual funds, and even crypto. My advice and not rocket science, buy some gold, silver, stocks, mutual funds, crypto, and real estate. Don't put all your eggs in one basket. Diversify! You could even invest in quality products like furniture (real wood), tools (made in usa), guns, ammo....anything of value and quality! A little here and a little there! Then when you are older and of retirement age, you will have amassed a wealth of tangible assets that you can sell or trade or pass on to family!
I just found ur channel. I don't know much about Gold & Silver. Looking into it now. I'm hoping to see & learn more here. 🙏🏽
I also started collecting gold in the form of coins in my 30’s, when gold was around 300 dollars per ounce. The only difference I would point out is that by collecting interesting coins, this adds to the value of the investment. Rather than having a store of gold or silver in bullion only, imagine owning a gold Roman coin from Nero, or a stater from Alexander the Great! History unfolds in the palm of your hands. Coinage tells the last 2500 plus years of history.
That would be fantastic. I’m on the hunt for an Aureus from one of the 12 Caesars! Cheers!
U may wanna put those secret box with code i got my coins stolen worth up to 20 thousand from a fam member :/
It’s called intrinsic value..
How do you know historic coins are genuine? I really want to get into it but worry about getting ripped off.
@@BlacksmithBets, Better buy directly from the mint. Old coins are hard to find and can easily get ripped off unless one buys from the museum.
nice collection..whilst I have not quite got the returns from my stack that I had hoped ..my stack is money I would had otherwise spent...so for 10 years I have saved...All good...
Gold never let me down in 15 years...
Ive been stacking & collecting for 15-20 years.... it certainly isn't my "best" performing asset... but I just love the hobby-discipline. I'm highly diversified... (stocks real estate, contemporary art, gold & silver, coins & medals, antiques) iMy profession is the contemporary art world... which is my BEST performing asset by far
They say "deal in what you now best".... so art is my world
But when ever I make a significant sale... I put a certain percentage into gold & silver. I just love the artwork symbology & history. I've never sold anything yet... I'm 65 & I figure I'll sell my collection when I am old slowing down & or retired. who knows when that will be & what the silver & gold mark is like then
We are in ERY strange times
coming here for some more info before i commit to buying my first gold oz!
Good luck. Wednesday’s Fed meeting will have a big impact on price.
I have been looking at it recently, the added benefit of it in the UK is that if you buy only gold/silver/platinum coins then you are exempt from capital gains tax.
You are exempt from CGT if the coins are sovereigns or Britannia coins as they are considered legal UK currency. That doesn't apply to any gold, silver or platinum coin only the 2 l mentioned.
Gold and silver aren’t just a store of wealth and a hedge against inflation - they are a store of energy. As unconventional Oil peaks over the next decade just as conventional oil did in 2005 this will become more and more relevant.
I like your language
Just like bitcoin and other proof of work cryptos. it takes real energy to create, something that isn't free
A store of energy, so we'll have gold- and crypto-powered cars in the future?
How exactly are PMs (and BTC) 'storing energy'? They required energy to mine and manufacture but you aren't getting that energy back to power something else?
Late to this video, but being new to “investing” in precious metals. It was very nice to hear such a practical perspective.
I’m 15 and own a 10oz silver bar and 5 gram gold bar. I’m going to probably pull the trigger on a 1/10oz gold coin. I like having these metals because even though I am “spending” my money it’s not like the metals aren’t going to be close to what I payed for them. If I was to instead buy an Xbox for example and then later on sell it I would get way less then what I payed for it. Having these metals is just a cool way of saving that makes me want to save even more because I don’t want to liquidate these metals into cash.
I sort of do this with vintage instruments. If i see a good deal on a rarer instrument. I immediately buy it. I enjoy playing them alot and after a couple years i sell it with significant percentage increases. Since im usually the only one selling that specific model i can control the market of its price
Cost-averaging seems like a good way to go. Just like other investments. I just allocate a certain percentage of my monthly income towards this and I can save up for the tubes or gold coins that way.
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I like your thinking. Let’s hope it doesn’t go up in price but the older I get the more certain I am that it will. It’s a hedge against bad government and central bank decisions.
yea don't see a moon shot ,I rode Gold up to 2k bought in around 1K a ounce .Then watched it fall down to $ 1200 got out of Gold bought real estate that worked out well .Now all these years later I am looking at Gold again BUT having to pay so much over spot is a bitter pill that I am not sure I can swallow .
As of May of 2022 I've found the premiums on American Silver Eagles super high at 60% plus. The dealers seem to buy them at spot or maybe a couple of dollars over spot. Very discouraging.
Yeah, it's wild.
I think of them as just a more secure store of value than paper money which suffers inflation.
Thank you for all of your information your my favourite precious metals creator. Knowledgeable and keep it simple!
I agree with everything your saying. For me investment in gold is definitely a long term investment. So I'm investing in gold for the future of my daughter. Its pretty much a banker for a 20 year goal..
Thank you! Definitely something to think about NOW a year later!
Thanks for your insight, it's very much appreciated. I'm new to the "investment" world so I'm still exploring options (gold, stocks, bonds and real-estate). Unfortunately for me, it took an economic crisis to start thinking about "investments". I hope anyone seeing this will start thinking and researching ASAP.
If you don't hold it, it's not yours. Only phisical metal is yours. Paper is no substitute
Appreciate you sharing your honest feedback on precious metals compared to other assets and investments.
Gold or silver for that matter will never be worth zero. Understanding this is key to how one allocates his or her fiat. There's truly no risk in trading fiat for either but the way to approach it is getting the most bang for the fiat buck. It may take a bit longer to acquire gold but the margin is in one's favor. One thing to remind ourselves is the words of that often derided snob, JP Morgan - Gold is money everything else is credit (debt). Gold spot is at $1965.60 and silver is at $25.87 as this is typed. Both will only move north over long term and outpace inflation and that's a win-win for defending one's earnings from devaluation.
Gold spot is up $20 since I cited it about an hour ago! Wild times.
@@2is1gold Those chickens are certainly coming home to roost. A minimum .5% fed rate hike being on the horizon coupled with higher CPI & PPI numbers while durable goods numbers falling along with home sales sliding and Ukraine's infrastructure being decimated by that autocrat Putin will only drive gold higher. Average U.S. consumers struggle to fill their tanks, put food on the table and keep roofs over their heads is not a good thing. The storm is upon us and some of us had the foresight to deploy a sturdy umbrella to shield ourselves. It was only a matter of time as history once again repeats...
An asymmetrical investment?
@@randystanton6280 Asymmetric in regards to what?
I just started collecting. To me "investment" is gambling on something hypothetical and intangible where something like collecting precious metals feels like physical proof of what you have saved. Tbh as a collector of things I just find it more fun. Something you can pick up and look at.
I am very interested in technical analysis, I do think it does work . What I am seeing in the charts are big corrections down for both gold and silver, after that the only way will be up, with both gold and silver well past new highs.
@@nickyroks6092 Thanks, for your comment, greedy?, for me it is about being in a good place when the system of ever growing number of fiat currency units finally hits the rocks, as it surely must do. Now, the moment of truth is at hand, so for me, it is gold down to about $1640, silver no lower than $17. then both to turn, gold to a new high, well before year end, the USD? Peter Schiff thinks it is going down for the count, who am I to argue? If this does not happen, then I will have got something very badly wrong!
I started buy proof sovereigns and other UK coins a few years ago. Not really thinking on the near term but rather a decent tax free long term way of saving money for my daughter. Hopefully when she turns 18 theyll be a good amount there
Buying metals is a mindset that a lot of people choose not to take. Someone that gets distracted by the latest things on the market thru advertisements. People want it now not thru time. Probably the reason some have problems saving money in general. Pressure to do the same things as others and own the same things. Even though they have two different incomes. Slow and easy making every step count won't let anyone miss out.....
Agreed!
People want it now , but for pension that burn their wealth it is ok
Gold and silver helped introduce me to investing. I bought 26 Oz gold and 1,000 Oz silver, all physical. After that, I got into stocks. In 5 yrs I've amassed $80k, and only wish I'd started sooner (but I was a heroin addict and crackhead for 15 yrs so, I'm just thankful for where I'm at at 39 yrs old). Keep $6000 cash which I'm about to use for a 6-step treasury bill ladder, 26 week bills on a 4 week frequency.
To be successful in markets, traders should understand the crossover between asset classes & liquidity flow. Mrs Julia David focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch.
I'm surprised you know her too. I've been making a lot of profits investing with her for a few months now.
I invest with Mrs. Julia too, she charges a 20% commission on profit made after every trading session which is fair compared to the effort she put in to make huge profits
Great to see you guys talking of Julia, Trading on your own can be very dangerous i can testify to that. This woman changed the game for me
Please any information on how i can get intouch with Mrs Julia?
Hedge, insurance, what ever you want to call it! It's darn worth having in the stack. I started about the same time as you.
I'm 24 and just purchased my first round of precious metals from APMEX. A little under 400 dollars and I got a little bit of everything: Gold, Silver, Platinum, and Palladium. I definitely want to diversify my investments with some precious metals but will also focus on funding other things such as my 401k, Roth IRA, and emergency savings. I thought this video was super informative!!! I also just think owing actual gold is cool, lol.
@@DrSchor I agree. I bought a small set of precious metals but I realized I just bought into the hype. Not saying precious metals are bad but I am better off just investing into index funds and watching money grow
@@DrSchoryou say that now. But if the for whatever the US defaults on National Debt you can kiss your 401k goodbye. The key is diversified. It never hurts to have gold/metals. Remember gold is finite scare resource. Not currency bound. The dollar is looking weaker by the minute.
Very good points on the appropriate approach to precious metals 👍
When hypersonic inflation starts, people will buying anything to try and retain wealth. At this time, stackers will wish they had went all in at $1950. I said the same thing at $1800, and then $1900, and yes, I wish I had bought a lot more at $1800.
I've planned a bit for a spin out but still hoping we stay on the tracks. Cheers!
How about now since gold is close too 1700 ? just curious
@@frenchonion4595 With the upcoming rate hike which I think may be a full percent, gold may fall more, so I am not sure how much cheaper we can actually buy it, as If it falls to $1650, current premiums may not last long and may substantially increase. . That being said, a full percent will devastate the markets, housing and auto sales. I think it won't be long before rates will be reversed, and or, the presses start turning out a few more trillions in stimulus, and then inflation will get much worse than it is now. As it is, inflation will not be controlled by by rate hikes, because it would take much higher rate hikes than the FED can do to get it under control. So at this time, people will be going into hard assets, and gold and silver will shine. So it it hits $1650, I will jump in before premiums increase. All this said, it's not an overnight process, as it may take a few months to start falling apart, and rates lowered and money printing started again. It is said, a rate hike to lower inflation will take a year before the effects work their way down, but in this case, inflation is to high for it to be put under control. And rate hikes are quick to slow the economy if they are to high, as we see home loans and sales are falling, and even some new home orders are being cancelled because people do not want the high interest, and falling home prices. Same with car and business loans. This is my opinion., and people who know more, may disagree. So back to what I said,, before it is over, and gold passes $2000, then possibly $3000, people who put off buying, will wish they had bought in even at $1950. At current prices, it is pretty cheap to me.
@@Knife_Collector tend to agree with you. The Gov is in a very hard spot. Back in the late 70's the fed put the hammer down and raised rates to 20% but if they do that this time is not clear. Everyone is leveraged to the hilt so rates raising to that level would indeed be devastating. Crazy times
Great vid. I'm very high and I loved the story 👍