We are into the Summer Doldrums now. This time of year the kids are out of school, people are thinking more about going on their vacations rather than their investments. Perfectly normal. This is the time to buy!
It's the crazy swings that make it interesting. David Morgan has said the silver market will scare you out or wear you out. I'm not tired, and I'm not scared.
Maybe the silver going back to the mints and refiners is going into 1,000 oz. bars and then being bought and shipped to China at $3 more per ounce. We are losing our silver..so buy while it's cheap and available.
Blah, blah, blah... How can anyone possibly explain the following, if the silver market were legit? - The average annual spot price of silver in 2011 was $35.12 per ounce. - The average annual spot price of silver in 2012 was $31.15 per ounce. - The average annual spot price of silver in 2023, was $23.40 per ounce. - In the past decade, we have seen the cost of everything SKYROCKET by about 20%, yet SILVER prices DROPPED by over 20% in the same period of time?
Right, and the data you noted SHOULD be so obvious to people!...Readers, if you've been paying attention, the precious metals market is being purposely manipulated...buy the dip sell the high and repeat...I've been buying since 2016 and have not sold an ounce...Pay no attention when most of the media, most of the markets, most of the forecasters, and most of the pundits give you daily analysis of the market...It's as rigged as the elec-tion was...If you don't hold it you don't own it.
LOL, another cherry picker! 2011-2013 was FOMO. Just like BTC, people follow the crowd, whether is is off a cliff or liking Taylor Swift music! So to your blah...it is over $29, hmm...and the market is not legit as far as manipulation, price suppression, non-enforceent of rules and laws.
inventory is high because people are broke, but industrial silver is going off the charts with solar and AI...retail sucks because as I said people are broke!!!
I dumped some rounds today and got .75 cents under spot for it. Talking to the dealer maples, britannias and eagles aren’t commanding that much over spot in comparison to rounds. When my finances get back in order I will start stacking rounds only and leave the semis alone until I see more monetary value in buying them. Just keeping it simple.
I hope they are dumping. I remember 6-7monthe ago it was 20-23. I am fine with 29. Let it keep bouncing around. I am a buyer. “Has the USD done a turn around?” Still stacking
“Has the USD done a turn around?” Only against other fiat debt paper currencies. But when one looks at how poorly the US Gov manages the US$, I'm amazed that the US$ is a lot lower than it is now.
@@edb3877 compared to others I agree. But I see it as all a sham and shell game. Does anyone really think, not believe with feelings, but actually Think that the USD and inflation are not just another manipulated tool? Buying assets and stacking over here 👍. Best of luck to everyone as they crash the plane.
LCS and smaller dealers always buy if they think they can sell it tomorrow. If they don't want to hold they will just offer less and then wholesale it to someone else.
IMHO, there is a glut of silver at the LCS's and other places. Many people sold a mot of their silver. Four large LCS shops told me they have a glut of silver and had to wholesale quite a bit of it. I could be wrong, but it's just my 2 cents.
Interesting. So where do you buy brass? Where can you sell brass? Spread in price? Always thought it would be great to sell copper pound bars but the cost to fabricate
I went to my LCS to sell a small amount of silver (30 oz) because I needed some liquidity. Otherwise I'd be buying when I see opportunities. My dealer told me he sold his silver position when it hit $24.50 and he's still happy. He thinks precious metals will drop in August but go bonkers after the election.
Wow he sold a market that was going up at 24.50 it went to 32. He is happy???? Knowing how poorly he did with his own "investment" you still want his opinion? I am guessing you like his opinion because it will be good for you. People always want other opinions that reflect theirs:) Do you think it will drop in august as well? Bonkers after the election because Biden wins/Trump wins?
Not sure. Tempted to stack more, but been accumulating to over20% wealth since 2017. Might get a little more. Price, at this point, doesn't matter as much.
What you just explained is just what I'm doing right now, I just purchased some kilogram round kookaburras as savers and yes I'm looking at pre 33 gold. :)
I think something is very different this time. I believe they've by and large given up on long term manipulation. The geo-political and economic situation this year is dire. A collapse is coming. Those trees they've shaken may find it difficult to convert back in and be left with worthless $.
I'm not a huge player in the game or anything, but I just carry on as normal. I'm hoping that if I ever have to sell my metals that it's so far out, it just doesn't make sense to be overly concerned with the current prices. Sure, if Silver or Gold dips, I can buy a little more, but I'd be buying a certain dollar amount anyway, so I just try to not stress about it.
The dealer reluctance to holding silver inventories is a rational reaction to what's going in the broader market and is a VERY bullish for the price of silver.
Probably the best interview on silver ive seen recently. Tells it like it is. When some sell and others hold longterm...i like the missing hype on silver. Hint : some times i increase the speed of the video so i get to cover alot more ground.
Awesome interview, questions, and information. (As of COB 6-14-24, Gold pushing 2,340, and Silver’s pushing $30 again.However, At Every Turn I’m hearing “Reset” whether it be Precious Metal, the Dollar (despite the Fed), And Widely in The Crypto Market. I Think That Term has become synonymous with “We Don’t Know Why.
Biggest tech company endorsing a coin has more value than again 99% of others. They don't have that brand behind them, think about it what is Bitcoin, ETH? It's basically noname.
Am just a hick from the sticks with a relatively modest Morgan collection. I'm aware of spot silver prices, but don't schedule my life around it. Is biz as usual for me. If I see a fair price on a Morgan I need to fill a slot in my collection, I go for it.
Silver gold is a long game for me its purpose for me is to preserve my wealth. Im not concerned about the up & downs at all it will all stablize for the positive in the near future.
I just started stacking this past Jan and got a majority of my silver when it was lower 20’s and as soon as it went up i traded towards some gold. No way will i trade my stuff for cash unless im literally dying or for some land
I’ve been buying mercuries. Even small amounts. Getting silver in my mailbox once a week keeps me interested in silver stacking. Watching the price everyday, feeling it in my hands, putting it into my “treasure chest”. But yes, I have slowed down a bit on the rounds trying to adapt to these new prices and uncertainty of the future pricing. I say keep stacking. I’m not stacking for profit. I’m not gonna sell. Ride out the highs and lows. It will balance out in the long run. Was hoping it would go back down to $22. But I don’t think that’s gonna happen so as new stackers, we have to adapt and learn.
💯 great coverage. ! Gold buying on diwn dipps . Some pre 33 and some current date. Not really buy eagle's, but buying constitutional and collector silver cause the price flux on the daily and then no inventory. To buy on dips .
I had 450 ounces in silver bars, recently said ENUF and got a nice thick 999.9 gold necklace. Now silver can do whatever it wants to do, I got an amazing necklace now that will only go up in value.
I bought a few ounces of vintage silver at my LCS today. I should have went yesterday but it is what it is. I'm not rich so I only get a few ounces here n there. I'm not one of the big money people so I don't know if I count in the what are you doing question. 😅 (I still haven't sold anything)
Love SD Bullion . Great Ohio company with a connection to Michigan. Buy a lot of $ilver and a little gold from them when they have good deals. Unfortunately, they don't always. Got to shop for the deals. That being said, I got 70 oz. $ilver and a .25 oz. gold Libertad on the way from them . 😊
The world demand for silver far exceeds production (published numbers, which can be easily researched). Silver is dropping, partially because China made the announcement that it will stop buying gold and silver. However, China needs silver to produce solar panels. Don't fall for the "omg, the sky is falling, sell everything now" hype.
How about a video on how to convert a 401K account to physical silver or gold? I believe a third party would have to handle the transactions and that the physical metal has to be held by the same (or by another) third party.......owner of the fund can not hold the metal.
I am for sure getting more into numismatics during these turbulent times, wouldn’t of seen this as a possibility until something like this happened. (Numismatics are usually above my price range)
@@mrbiglicks8267 in my early 20’s so I can afford to have a little more risk. I just think they’re cool for a collection/history purpose. Have enough oz of both metals
I bought most @22 oz. I have no reason to sell. Just able to buy less bi-weekly. I was riding collectible 999 up until $25. Now I’m holding for $35-37 to dump it back on to collectors.
@@scotts4134 $22 would be awesome! Not for the people who want/need to cash out though. But what is cash? Fake money. I want to flip collectibles to raw silver or gold.
See folks you need to do your homework, not all PMs are equal. Can you just imagine when prices continue to rise will your local coin or bullion or even pawn shops will they be able to help you when time to sell. Most of the ones stacking weight are in for a big surprise when time to sell, this is why premiums are your best friend and PMs aren’t going to the moon anytime soon.
Personally I think we shouldn't worry about the price. The metal doesn't care for the price. Just average your price. When high buy less when low buy more. But never stop buying.
There is no universal way to calculate spot... Kitco is what people refer to as the true spot price, but there is nothing saying theirs is any more official than anyone elses.
@karlpierce3035 you can go to 20 dealers and get 20 different numbers. Again the way spot prixe is calculated is not universal so there are variations of spot all over the place.
TY,, BUT stopped buying physical silver but buying SLV where I can take profits and trade,,, last five years stackers have not made a dime cause could not sell..... premiums are your ENEMY. last but not least,,, DO NOT FALL IN LOVE WITH YOUR PRESSED MNETAL IMPRESSIONS. when selling you lose all extra premiums you paid to buy... if you can use options on covered calls or puts that's even wilder. good luck. Buy physicals only that you are willing to keep as a treasure in your family. Bullion dealers need to make money to keep business going don't be the sacrificial lamb to them.
Just swapped all of my last ETH and swapped it into AMS69X. Already up a little bit. Unfortunately I have some other junk staked which won’t free up for a while. Still now I am on the train!
I’m mainly a collector and when I stack it is still sovereign ASE bullion rolls or even maples, what I would suggest is start looking into certified ASEs in my case PCGS and right now these coins are a bargain especially in grade level 69 and my goto is ebay and learn to use eBay tools to get a better understanding of national current prices.
@@sailfly2869 I am a collector also. My point is they wont give spot, then sell under spot or get lost. How do they run a business like that? It's pathetic. I certainly wont sell to a pawn shops or coin dealers. Some of my bullion is more rare than coins. I would add that after years of collecting I will never buy anything from Canada.
@@RkicF8Most of these UA-camrs not so much here, aren’t the experts they think they are. They seem to be selling fear, what I have been doing on a lot of these UA-camrs videos is doing a history on there previous videos and seeing what BS they were spreading months and several years back and to my amazement they are taking advantage of the situation with NO prior knowledge of the PMs or the different markets to sell in. So if this information what are we all going to do in a real emergency. So I guess we will be trading silver and gold for food when we should have been stockpiling food and water instead.
When you've got 50 lb. Of silver in the tip of a patriot missile and probably many, many other armaments and the fact we're about to launch quite a few of those missiles. Who do you think is suppressing the silver? When all else fails they take you to war. 😢
Silver is entertaining and a game of musical chairs. Those who have bought silver over the last decade have been handed of bag of something all right, but it's not precious.💩💩💩
We are into the Summer Doldrums now. This time of year the kids are out of school, people are thinking more about going on their vacations rather than their investments. Perfectly normal. This is the time to buy!
After the summer is the time to buy. I sold a bunch at $31 a couple weeks ago. I’ll buy it back much cheaper.
@@FightWithYourWallet - I wouldn't count it it getting much cheaper anytime soon
I just bought the dip while in the midwest posted a video about what I picked up
@VegasStacker wow I didn't know I had a twin
It's the crazy swings that make it interesting. David Morgan has said the silver market will scare you out or wear you out. I'm not tired, and I'm not scared.
Maybe the silver going back to the mints and refiners is going into 1,000 oz. bars and then being bought and shipped to China at $3 more per ounce. We are losing our silver..so buy while it's cheap and available.
That's exactly what is happening except they are probably making them into kilo bars 😅
I'm hoping they are melting a lot of 90%
Blah, blah, blah... How can anyone possibly explain the following, if the silver market were legit?
- The average annual spot price of silver in 2011 was $35.12 per ounce.
- The average annual spot price of silver in 2012 was $31.15 per ounce.
- The average annual spot price of silver in 2023, was $23.40 per ounce.
- In the past decade, we have seen the cost of everything SKYROCKET by about 20%,
yet SILVER prices DROPPED by over 20% in the same period of time?
Right, and the data you noted SHOULD be so obvious to people!...Readers, if you've been paying attention, the precious metals market is being purposely manipulated...buy the dip sell the high and repeat...I've been buying since 2016 and have not sold an ounce...Pay no attention when most of the media, most of the markets, most of the forecasters, and most of the pundits give you daily analysis of the market...It's as rigged as the elec-tion was...If you don't hold it you don't own it.
Options
Price suppression, for increased industrial demand and so the banks can secretly buy more?
Proline is no longer
LOL, another cherry picker! 2011-2013 was FOMO. Just like BTC, people follow the crowd, whether is is off a cliff or liking Taylor Swift music! So to your blah...it is over $29, hmm...and the market is not legit as far as manipulation, price suppression, non-enforceent of rules and laws.
inventory is high because people are broke, but industrial silver is going off the charts with solar and AI...retail sucks because as I said people are broke!!!
And the dealers still want to rob you and I
Retail is selling because most are oblivious to inflation . They sell because they think the price is high.
Sure was a pleasure meeting you at the coin show and watching all the behind the scenes. We learned a lot and had a great anniversary.
I dumped some rounds today and got .75 cents under spot for it. Talking to the dealer maples, britannias and eagles aren’t commanding that much over spot in comparison to rounds. When my finances get back in order I will start stacking rounds only and leave the semis alone until I see more monetary value in buying them. Just keeping it simple.
I hope they are dumping. I remember 6-7monthe ago it was 20-23. I am fine with 29. Let it keep bouncing around. I am a buyer. “Has the USD done a turn around?” Still stacking
“Has the USD done a turn around?”
Only against other fiat debt paper currencies. But when one looks at how poorly the US Gov manages the US$, I'm amazed that the US$ is a lot lower than it is now.
@@edb3877 compared to others I agree. But I see it as all a sham and shell game. Does anyone really think, not believe with feelings, but actually Think that the USD and inflation are not just another manipulated tool? Buying assets and stacking over here 👍. Best of luck to everyone as they crash the plane.
"My silver isn't doing anything. That's why I like it." --veteran financial analyst Rick Rule
I'm still stackin 1970's vintage silver art bars with designs and rarity that I like.
Large swings are a sign that something big is goong on behind the scenes.
LCS and smaller dealers will be a little gun shy under current conditions.
LCS and smaller dealers always buy if they think they can sell it tomorrow. If they don't want to hold they will just offer less and then wholesale it to someone else.
IMHO, there is a glut of silver at the LCS's and other places. Many people sold a mot of their silver. Four large LCS shops told me they have a glut of silver and had to wholesale quite a bit of it. I could be wrong, but it's just my 2 cents.
Sounds like good info to me. I always like to hear about what coin shops are doing in various cities, towns, and countries.
My LCS told me today he is going to seek out and get more silver. I'm in CA I picked up 2 Morgan's pre 1900 and 2 peace dollar's for $25 each
@@Mike-sr6gd Wow, that's a great price. Congrats!
So they had no problem selling their silver:)
AMS69X will change lives this year. Hold for long and let's see what happen.
Thank you for the video!!! Great interview. Glad you went to the show!
My last buy was back in feb. Spot was 22.50. Im buying brass while gold and silver prices are higher. If it dips I’ll switch back.
Interesting. So where do you buy brass? Where can you sell brass? Spread in price? Always thought it would be great to sell copper pound bars but the cost to fabricate
I went to my LCS to sell a small amount of silver (30 oz) because I needed some liquidity. Otherwise I'd be buying when I see opportunities. My dealer told me he sold his silver position when it hit $24.50 and he's still happy. He thinks precious metals will drop in August but go bonkers after the election.
Wow he sold a market that was going up at 24.50 it went to 32. He is happy???? Knowing how poorly he did with his own "investment" you still want his opinion? I am guessing you like his opinion because it will be good for you. People always want other opinions that reflect theirs:) Do you think it will drop in august as well? Bonkers after the election because Biden wins/Trump wins?
Buying AMS69X Today Is Like Buying Bitcoin 12 Years Ago!
Glad I have no need to sell.
It's a scam.
Not sure. Tempted to stack more, but been accumulating to over20% wealth since 2017. Might get a little more. Price, at this point, doesn't matter as much.
Forget Shiba and Dogecoin. The next Bull runner gonna be AMS69X
i am all in on the t-1000
It's trash don't buy!
It's trash don't buy!
Stop spamming with your b.s. ANS...sound like Chrisopher Green
Like they’ve been saying the production compared to the demand is a big difference. Take advantage of the price now because silver will soar.
Got 10 Franklin halves for $105.50 yesterday from my LCS. Premiums are very low on %90.
I like the old gold pre 1933 coins more than new ones. Just like I’d rather have a 1965 Mustang than a new one.
It's like you read my mind😂... I'm in a holding pattern and buying my normal DCA in silver but only in numismatic and some %90 dimes and 1/2's
AMS69X will be huge baby!
scam it wont ... it doesnt even exist zzzz
Scam
Excellent report 💯
What you just explained is just what I'm doing right now, I just purchased some kilogram round kookaburras as savers and yes I'm looking at pre 33 gold. :)
I'm just happy that the premiums are down (for the most part)
As a new person just getting in the game im grabbing what i can until the price got so high i cant afford to buy any more
Buying the dips. I picked up a few buffaloes when they were on sale.
I think something is very different this time. I believe they've by and large given up on long term manipulation. The geo-political and economic situation this year is dire. A collapse is coming. Those trees they've shaken may find it difficult to convert back in and be left with worthless $.
Agree 100%‼️
LOL...Scary? Why?....I'm buying constitutional...ALL DAY LONG!
Mining ratio is 7.5 to 1. 70%+ of Silver is consumed in industry each year its going to be wild.
Bought a 1 oz Maple Leaf of Gold @ Spot. Minor scratches. I also bought junk silver @ 21 times face from my LCS
I'm not a huge player in the game or anything, but I just carry on as normal.
I'm hoping that if I ever have to sell my metals that it's so far out, it just doesn't make sense to be overly concerned with the current prices.
Sure, if Silver or Gold dips, I can buy a little more, but I'd be buying a certain dollar amount anyway, so I just try to not stress about it.
The dealer reluctance to holding silver inventories is a rational reaction to what's going in the broader market and is a VERY bullish for the price of silver.
Probably the best interview on silver ive seen recently. Tells it like it is. When some sell and others hold longterm...i like the missing hype on silver. Hint : some times i increase the speed of the video so i get to cover alot more ground.
Awesome interview, questions, and information. (As of COB 6-14-24, Gold pushing 2,340, and Silver’s pushing $30 again.However, At Every Turn I’m hearing “Reset” whether it be Precious Metal, the Dollar (despite the Fed), And Widely in The Crypto Market. I Think That Term has become synonymous with “We Don’t Know Why.
Sold all my ETH yesterday and bought AMS69X
Absolute banger
Those who come back to this in one year will celebrate 🚀
1 USD pricefloor, so if you hold it you can't lose for now, unlike 99% others. Even stablecoins are at risk, see Tether
Biggest tech company endorsing a coin has more value than again 99% of others. They don't have that brand behind them, think about it what is Bitcoin, ETH? It's basically noname.
Trump would be empowering such projects but our current government is rather restricting access as much as they can. Rip economy
Am just a hick from the sticks with a relatively modest Morgan collection. I'm aware of spot silver prices, but don't schedule my life around it. Is biz as usual for me. If I see a fair price on a Morgan I need to fill a slot in my collection, I go for it.
Silver gold is a long game for me its purpose for me is to preserve my wealth. Im not concerned about the up & downs at all it will all stablize for the positive in the near future.
Exactly
We all need to come back to reality. The government should mint 90% coins like pre 1964.
In a holding pattern at the moment! 👍
I just started stacking this past Jan and got a majority of my silver when it was lower 20’s and as soon as it went up i traded towards some gold. No way will i trade my stuff for cash unless im literally dying or for some land
I’ve been buying mercuries. Even small amounts. Getting silver in my mailbox once a week keeps me interested in silver stacking. Watching the price everyday, feeling it in my hands, putting it into my “treasure chest”. But yes, I have slowed down a bit on the rounds trying to adapt to these new prices and uncertainty of the future pricing. I say keep stacking. I’m not stacking for profit. I’m not gonna sell. Ride out the highs and lows. It will balance out in the long run. Was hoping it would go back down to $22. But I don’t think that’s gonna happen so as new stackers, we have to adapt and learn.
💯 great coverage. !
Gold buying on diwn dipps .
Some pre 33 and some current date.
Not really buy eagle's, but buying constitutional and collector silver cause the price flux on the daily and then no inventory. To buy on dips .
Good interview! 👍
I had 450 ounces in silver bars, recently said ENUF and got a nice thick 999.9 gold necklace. Now silver can do whatever it wants to do, I got an amazing necklace now that will only go up in value.
Sounds like a typical collusion of pump and dump between the big players.
I bought a few ounces of vintage silver at my LCS today. I should have went yesterday but it is what it is. I'm not rich so I only get a few ounces here n there. I'm not one of the big money people so I don't know if I count in the what are you doing question. 😅
(I still haven't sold anything)
Keep buying when you can afford it.
You are already ahead of 95% of Americans.
Think of it as wealth preservation.
Love SD Bullion . Great Ohio company with a connection to Michigan.
Buy a lot of $ilver and a little gold from them when they have good deals. Unfortunately, they don't always.
Got to shop for the deals.
That being said, I got 70 oz. $ilver and a .25 oz. gold Libertad on the way from them .
😊
The world demand for silver far exceeds production (published numbers, which can be easily researched).
Silver is dropping, partially because China made the announcement that it will stop buying gold and silver. However, China needs silver to produce solar panels.
Don't fall for the "omg, the sky is falling, sell everything now" hype.
I baught silver days ago from reputable dealer and it hadn't shipped yet
bought*
At 3:35 "Where has all the product 'went'?".
(S/be 'gone'.)
No one cares, it's a youtube video not a high budget movie.
Waiting on delivery of a $5 half eagle and some silver maple leaves from SD bullion that I ordered at the beginning of the week.
Very educated and informative speaker.
What about purchasing 90% silver or pre 1964 silver coins ???
Great expose' ,,, I'm still buying 90% when I find any at a good premium,,,
If gold and silver weren't manipulated by the etf paper mky, we would have $20,000 gold and $1,250 silver.
How about a video on how to convert a 401K account to physical silver or gold?
I believe a third party would have to handle the transactions and that the physical metal has to be held by the same (or by another) third party.......owner of the fund can not hold the metal.
I've slowed on my purchasing on silver or gold. Still holding onto what I already have.
I'm not buying .
Type 1 eagles seem more scarce. Online vendors charge more. At a local coin store when you get them they are the same price as the type 2.
That’s the problem if you wait a day sometimes you get it cheaper
Every sale is also a purchase.
And by the way I’m in a “buying pattern” lol
Bought silver every week for 10 weeks in a row.
The price will continue to increase
Just catching up on some bills that need paying, before getting back in the game.
I am buying less, and doing more towards numismatics, but still looking for deals.
If buyers and dealers have backed off at $29 silver, how do they buy $2400 AGEs?
GREAT content!!!
Had no idea this was in Tulsa! Are you from Oklahoma/Tulsa? I’m in Oklahoma City. How often is this show? Once a year?
Silver is just like the stock market. That’s why you buy the same way. Buy the same DOLLAR amount every week, month, whatever your time frame is.
power of silver... silver can go up to $32 and it can also crash to $17 and stay there for decades!
Holding. I am looking at flipping modern art and collectible premiums for more weight and simplified stack in case I get run over by a bus tomorrow! 😅
I am for sure getting more into numismatics during these turbulent times, wouldn’t of seen this as a possibility until something like this happened. (Numismatics are usually above my price range)
I would completely stay away from numismatics. I'd stick to quantity. But good luck.
@@mrbiglicks8267 in my early 20’s so I can afford to have a little more risk. I just think they’re cool for a collection/history purpose. Have enough oz of both metals
I'm not flipping anything buying and sitting on it
I bought most @22 oz. I have no reason to sell. Just able to buy less bi-weekly. I was riding collectible 999 up until $25. Now I’m holding for $35-37 to dump it back on to collectors.
Makes perfect sense. I'm in the same boat as you. I wish $22 would come back!
@@scotts4134 $22 would be awesome! Not for the people who want/need to cash out though. But what is cash? Fake money. I want to flip collectibles to raw silver or gold.
Not even the wholesalers are holding it? Than who is? If they sell fast, someone buys fast
See folks you need to do your homework, not all PMs are equal. Can you just imagine when prices continue to rise will your local coin or bullion or even pawn shops will they be able to help you when time to sell. Most of the ones stacking weight are in for a big surprise when time to sell, this is why premiums are your best friend and PMs aren’t going to the moon anytime soon.
Holding - mostly selling a tube tomorrow not sure witch one . No doubles tough choice
Want about spot price every time you buy and sell? Use SLV
what happened to dollar cost averaging?
It's still around. More people just don't have much in the way of extra
cash these days, so are probably still stacking but in smaller amounts.
Constitutional Silver is the way to go right now. If you can afford it, buy Buffalo Gold.
Never cared for the Buffalo design but the AGE design is classic. Also like gold Maples and Britannias. 🙂
@@edb3877 The only reason I like the Gold Buffalo is because of purity. I like the look of it also. AGE's are beautiful too.
Personally I think we shouldn't worry about the price. The metal doesn't care for the price. Just average your price. When high buy less when low buy more. But never stop buying.
Everyone try to time the the market at this juncture are playing a fools game.. musical chairs are now only one chair
Now we can safely say there will be no $18 silver. Huh?
How many dealers pad the spot price. I asked JM Bullion how they come up with spot price. They wouldn't answer me.
There is no universal way to calculate spot... Kitco is what people refer to as the true spot price, but there is nothing saying theirs is any more official than anyone elses.
there are dealers who consistently are below JM. KITCO is also not who is consistently lower.
@karlpierce3035 you can go to 20 dealers and get 20 different numbers. Again the way spot prixe is calculated is not universal so there are variations of spot all over the place.
Building base of fractional gold and silver
I buy by the premium price. I can't see paying $3,000 to $5,000 on a 1000oz of silver.
@Pickwickian I believe that I stated unclear or you misunderstood me. I was talking about the premiums being $3-5K on the top of spot per 1000oz.
@Pickwickian I hope we all will.
Silver will be $45 by September. That 28.70 was the retest.
TY,, BUT stopped buying physical silver but buying SLV where I can take profits and trade,,, last five years stackers have not made a dime cause could not sell..... premiums are your ENEMY. last but not least,,, DO NOT FALL IN LOVE WITH YOUR PRESSED MNETAL IMPRESSIONS. when selling you lose all extra premiums you paid to buy... if you can use options on covered calls or puts that's even wilder. good luck. Buy physicals only that you are willing to keep as a treasure in your family. Bullion dealers need to make money to keep business going don't be the sacrificial lamb to them.
Just swapped all of my last ETH and swapped it into AMS69X. Already up a little bit. Unfortunately I have some other junk staked which won’t free up for a while. Still now I am on the train!
COLE! 👋
2is1!
👍 👍 😀
I am still buying. Small amounts at a time.
So what can I buy it for if it's garbage?
I’m mainly a collector and when I stack it is still sovereign ASE bullion rolls or even maples, what I would suggest is start looking into certified ASEs in my case PCGS and right now these coins are a bargain especially in grade level 69 and my goto is ebay and learn to use eBay tools to get a better understanding of national current prices.
@@sailfly2869 I am a collector also. My point is they wont give spot, then sell under spot or get lost. How do they run a business like that? It's pathetic. I certainly wont sell to a pawn shops or coin dealers. Some of my bullion is more rare than coins. I would add that after years of collecting I will never buy anything from Canada.
@@RkicF8Most of these UA-camrs not so much here, aren’t the experts they think they are. They seem to be selling fear, what I have been doing on a lot of these UA-camrs videos is doing a history on there previous videos and seeing what BS they were spreading months and several years back and to my amazement they are taking advantage of the situation with NO prior knowledge of the PMs or the different markets to sell in. So if this information what are we all going to do in a real emergency. So I guess we will be trading silver and gold for food when we should have been stockpiling food and water instead.
When you've got 50 lb. Of silver in the tip of a patriot missile and probably many, many other armaments and the fact we're about to launch quite a few of those missiles. Who do you think is suppressing the silver?
When all else fails they take you to war. 😢
He was dead on about junk silver. Best value out there, by far. Lately, I,m just adding small amounts of junk as long as its at spot.
Silver is entertaining and a game of musical chairs. Those who have bought silver over the last decade have been handed of bag of something all right, but it's not precious.💩💩💩
Welcome to Tulsa!
Thank you for the information. 👍