Why is silver down today? IM NOT WORRIED

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  • Опубліковано 10 лис 2024

КОМЕНТАРІ • 88

  • @KerryWetzel
    @KerryWetzel 5 місяців тому +10

    Thanks for the reassurance- especially to new stackers. Stacking is fundamentally trading depreciating paper for real money. The short term ups and downs aren't important in the long run- preserving our purchasing power is the reward of stacking! Your channel is deservedly growing!

    • @StatesideStash
      @StatesideStash  5 місяців тому +2

      Well said Kerry! It’s fun converting fake money to real money!

    • @1stGenRex
      @1stGenRex 5 місяців тому

      1oz of silver is still 1oz of silver. We don’t lose or gain anything until we try to trade it for something else ;)

    • @rickstalentedtongue910
      @rickstalentedtongue910 5 місяців тому

      Repeat that every time the price is manipulated down. Can you take another decade of this? You better be able to....

  • @glenh4971
    @glenh4971 5 місяців тому +2

    People have been buying silver and experiencing steady Highs and lows from silver since 2011. Mostly disappointments. We are conditioned to laugh off these smash downs. My silver has been underwater for so many years that I cannot remember ever being in the black. So, times like today, with profit taking occurring, is something that I don't sweat at all. A silver break out is something that only occurs every 10 to 20 years. If this is the real silver break out there will be ups and downs. The good times will be exhilarating. The bad times wont feel so bad if you just think back on how things were in the recent past when silver was always the laughing stock of the commodities world. One step up, two steps down. Pure suppressed garbage, not worth owning. Today, we can expect extreme volatility. Going up and going down. I have been waiting for this for 13 years. Damned if I am going to sell now. Silver is going to shoot higher soon.

  • @Jmoney1981
    @Jmoney1981 5 місяців тому +3

    Not worried. I’m small time. Sold 5 ounces Monday, bought 1 simple Mexican onza today, on the dip lol. Enjoying myself immensely.

    • @Jmoney1981
      @Jmoney1981 5 місяців тому

      Silver, not gold

    • @StatesideStash
      @StatesideStash  5 місяців тому +1

      Enjoying yourself is what it’s all about. Great purchase!

    • @Jmoney1981
      @Jmoney1981 5 місяців тому +2

      Thanks man! 1983. They had a whole bunch. It was crazy. Felt bad only getting one.

    • @StatesideStash
      @StatesideStash  5 місяців тому

      @@Jmoney1981 great year! That’s a type one and the most popular

  • @ukhan3720
    @ukhan3720 5 місяців тому +1

    Your videos are always to the point and you do not stretch to 15 or 20 mins like others. 👍

    • @StatesideStash
      @StatesideStash  5 місяців тому

      Thank you! I don’t like dragging things out longer than they need to be so I’m glad you enjoy the content

  • @bhoward9378
    @bhoward9378 5 місяців тому +3

    I'm very tempted to trade some of my ASEs for gold, but I think I'll just keep stacking them instead. I worked a side gig last week and have gotten ahead on some bills, so it's almost time for my first gold Buffalo!

    • @StatesideStash
      @StatesideStash  5 місяців тому +1

      Let me know when you get it! The Gold Buffalo is my favorite gold coin!

    • @bhoward9378
      @bhoward9378 5 місяців тому +1

      @@StatesideStash You bet I will!

  • @homesteadaquarius
    @homesteadaquarius 5 місяців тому +1

    It's hard to say where the metals will be in a year or 20 so I do the same thing. I just keep adding a bit at a time and grow my stack.
    Each week, a consistent effort will pay off.
    Press on and keep stacking!

    • @StatesideStash
      @StatesideStash  5 місяців тому +1

      Absolutely brother. Slow and steady wins the race

  • @VegasStacker702
    @VegasStacker702 5 місяців тому +2

    Great content as usual.
    Long term holder so I enjoy the pullbacks.
    The Feds keep messing with the markets. I did a video about it earlier.
    It'll be interesting to see if it can hold the $30 level.

    • @StatesideStash
      @StatesideStash  5 місяців тому

      It’s down a good amount, I wonder what it’ll look like in the morning

    • @VegasStacker702
      @VegasStacker702 5 місяців тому +1

      It's a battle with the silver paper holders. I wouldn't mind it to keep dropping so my fiat goes further. It'll be interesting to see if it holds $30 or dips back to 28 level

  • @skyelee9398
    @skyelee9398 5 місяців тому +1

    A month ago I sold all my silver. And turned into (1) 50 pesos gold coin and (1) 20 pesos gold coin. I’m so done waiting and watching silver go up and down. It seems like gold goes up and up better and much more faster and often than silver. That’s just my two cents. Gold or silver is still a better choice than paper money. Word! 👊

  • @daussamp8054
    @daussamp8054 5 місяців тому +2

    I sold 1 kilo of gold in January for 65,000. And bought Silver.

    • @StatesideStash
      @StatesideStash  5 місяців тому

      😮 you’ve done well then!

    • @daussamp8054
      @daussamp8054 5 місяців тому

      @@StatesideStash My best anyone.

    • @OmniAtlantic
      @OmniAtlantic 5 місяців тому +1

      I like Copper ,Silver , Platinum, Palladium, and small amounts every Year. 4/10 are great too. 100 gram minted bars are of Silver.

    • @daussamp8054
      @daussamp8054 5 місяців тому

      @@OmniAtlantic Roger that.

  • @alphageekspeaks9248
    @alphageekspeaks9248 5 місяців тому +2

    Just sold some of my stack 2 days ago to convert into gold, kinda glad to see this price drop in silver😅. Saw it coming and I see a bit more of a price drop coming, hoping to buy back at around 38$CAD, I see it going there for a bit but not for a substantial period of time.
    Anyways obviously no one can predict the price of silver, and I wish all my fellow stackers luck!
    Great video and keep up the good work!💪💪💪

    • @StatesideStash
      @StatesideStash  5 місяців тому +1

      You timed that beautifully! What gold ya looking at getting?

    • @alphageekspeaks9248
      @alphageekspeaks9248 5 місяців тому +1

      I’ll be very honest, I have a very limited selection of what I can buy, just due too the fact of not having much money at my disposal to invest😂😂😂.
      But nonetheless, I sold enough silver to buy my first 1/4oz Gold Canadian Maple (which I was very happy to accomplish).
      Decided on Maple just simply for being the cheapest in my country, and because I did like the idea of it being 24K.
      Thanks to your previous 22vs24K gold video I understood the difference between the options they had in shop! (Maple, Eagle, krugerrand & Britannia)

    • @StatesideStash
      @StatesideStash  5 місяців тому +1

      @@alphageekspeaks9248 the maple is a stunning coin! Congrats on your purchase

  • @PaulHines910
    @PaulHines910 5 місяців тому +1

    Iv been invested in crypto to a good bit of time now and now being able to invest in silver is kind of a breath of fresh air. Ring in crypto you deal with HUGE 20-30% swings, sometimes even daily lol. So it’s nice to not have to be so locked in on an assets process on a daily!
    Thanks for the video brother!

    • @StatesideStash
      @StatesideStash  5 місяців тому

      Crypto gave me my first grey hair lol. Stressed me out too much. Thanks for watching Hines!

  • @pythonhighadder7982
    @pythonhighadder7982 5 місяців тому +1

    In US 1915, 1/20th oz gold = 1 oz silver = 1 dollar. 1 loaf of bread $0.07 each, 1oz silver dollar buys 11 loaves. Workers make ~11 dollars per week. 1 pound beef $0.24. eggs $0.34 dozen
    Bread 1.84 pound X 11 loaves = $20.24 so as far as I'm concerned we are still sitting very nice especially if one considers buying power/stored value in the silver.
    STACK-ON! Full Speed Ahead! imo

  • @Mad-Dutchman
    @Mad-Dutchman 5 місяців тому +2

    Refreshing to hear a take that is just looking at silver as it comes and being excited about the journey. Opposed to a pure hype video of “silver to $200?!”

  • @richpederson6691
    @richpederson6691 5 місяців тому +2

    Good video 👍

  • @WTXMD-jq1qs
    @WTXMD-jq1qs 5 місяців тому

    Good morning Bro! Look I got absolutely destroyed for a comment about silver correction! Whoever “they” are who hold the paper shorts have to do something to save their butts!

  • @milessakauye8819
    @milessakauye8819 5 місяців тому +2

    Silver is acting like a roller coaster, but to be expected with Ag. This latest move seems like a health pull back.

  • @steveabmeyer4209
    @steveabmeyer4209 5 місяців тому +1

    I haven't been playing this game long but i think silver is so under valued that buying at the higher prices is still a good deal. Would i like for it to be cheaper sure. But a little here and little there is a good thing. Cause when it does finally take off you will be happy you did.

    • @StatesideStash
      @StatesideStash  5 місяців тому

      Well said, I’m buying at these prices as well

  • @Eli-qr9hc
    @Eli-qr9hc 5 місяців тому +1

    I was almost tempted to sell maybe 20 ounces last week and the $32 mark but I didn’t. I’ve been thinking for eight years and haven’t sold anything that I was so tempted.
    (I’m looking to buy maybe a 10 oz bar at this slight dip)

    • @StatesideStash
      @StatesideStash  5 місяців тому

      What bar?!

    • @Eli-qr9hc
      @Eli-qr9hc 5 місяців тому +1

      @@StatesideStash also at Monument Metals they have a Golden State mint 10 ounce bar same price $322.82

    • @StatesideStash
      @StatesideStash  5 місяців тому

      @@Eli-qr9hc they are one of my favorite places to buy

  • @weedthepeople2492
    @weedthepeople2492 5 місяців тому +1

    We playing with the houses money.... we are good!

    • @StatesideStash
      @StatesideStash  5 місяців тому +1

      Playing with their fake money and getting real money back

  • @Yourtimeisnow-GG
    @Yourtimeisnow-GG 5 місяців тому +2

    I'm not worried about the price drop. There are always going to be pull-backs.

    • @StatesideStash
      @StatesideStash  5 місяців тому +1

      EXACTLY!! If anything this is healthy and it needs to happen!

  • @OmniAtlantic
    @OmniAtlantic 5 місяців тому +1

    Buy No matter the Price month if it where 40 dollars that my top , i have other assets i want to buy is Crypto, so .

  • @Jamestown23_
    @Jamestown23_ 5 місяців тому +3

    Myself, i can care less about the premiums on G/S. I just buy it.

    • @StatesideStash
      @StatesideStash  5 місяців тому

      Right there with you James. Twice a month no matter the price I’m buying!

    • @Jamestown23_
      @Jamestown23_ 5 місяців тому

      @@StatesideStash I'm especially buying GB. You can spend them. 👍

    • @StatesideStash
      @StatesideStash  5 місяців тому +1

      @@Jamestown23_ I’m still skeptical about GBs. I’m not against them but I’m not for them either

  • @dfwstacker3381
    @dfwstacker3381 5 місяців тому +3

    I’m hoping spot hits $28 so I can unload some fiat.

    • @StatesideStash
      @StatesideStash  5 місяців тому +2

      Gotta trade that fake money for real money!

    • @mofun5315
      @mofun5315 5 місяців тому

      Don't worry, you will get your wish and more. lol

  • @DLHalverson
    @DLHalverson 5 місяців тому +2

    " Buy Low Sell High " is name of the game

    • @StatesideStash
      @StatesideStash  5 місяців тому +1

      Like the complete opposite of what I use to do with stocks when I was younger 🤣 buy high, panic, sell low

    • @rickstalentedtongue910
      @rickstalentedtongue910 5 місяців тому

      And don't take any wooden nickels

  • @DanCooper404
    @DanCooper404 5 місяців тому +3

    It dropped because I bought yesterday. 🙄

    • @StatesideStash
      @StatesideStash  5 місяців тому

      Dan…..same here 🤣
      All we can do is laugh to stop from crying

  • @rickstalentedtongue910
    @rickstalentedtongue910 5 місяців тому

    Why is silver down today? You have to ask that absurd question? What have you been doing the last decade? Why do metals channels not talk about the top factor in metal price? By the way, the 30 dollar floor is about to be tested, you had $32 for only a matter of hours and it immediately gets slammed down to 30 and dropping. Silver was $50 a decade ago, silver is such an epic loser it goes backwards against inflation and everyone talks about a correction after the smallest gains. Shouldn't any gains be looked at as the correction to all the suppression? Hilarious how stackers have been trained to be grateful for any crumbs and expect any gains to quickly be wiped away by a "correction". Haha!

    • @StatesideStash
      @StatesideStash  5 місяців тому

      Do you need a hug?

    • @rickstalentedtongue910
      @rickstalentedtongue910 5 місяців тому

      @@StatesideStash No, I need reason and consistency. It is or is not suppressed by the banks? They have or have not been doing it for over a decade? What is with the question? You know it was brought down once the weekend was over and all the gains from Friday were washed away, just like that. You know exactly what happened, so why the question like we are all new to this reality?

    • @StatesideStash
      @StatesideStash  5 місяців тому

      @@rickstalentedtongue910 if you need reason and consistency then silver is not for you. Silver goes up overtime but in no way will it get there in a smooth matter

    • @rickstalentedtongue910
      @rickstalentedtongue910 5 місяців тому

      @@StatesideStash Your comment is just that and not a response to what I stated. Metals are consistently hammered down, so they are very consistent. In light of all the videos claiming suppression game was ending, we just saw more of what we have seen over and over for over 10 years. And silver is not going up in a manner that meets any reasonable expectations. It still is only slightly half the price of many years ago, it is quite a failure. And there is no mystery as to why.

    • @StatesideStash
      @StatesideStash  5 місяців тому

      @@rickstalentedtongue910 well I and many others still enjoy it. May just not be for you. I’m not here to convince you otherwise

  • @marknordgard1916
    @marknordgard1916 5 місяців тому +1

    Below 30 tomorrow

  • @Z-J-
    @Z-J- 5 місяців тому +4

    Recently this has been my go to stacking channel 🫡 appreciate the content good sir!

    • @StatesideStash
      @StatesideStash  5 місяців тому +2

      X that makes me happy to hear! Hope the videos are meeting your standards

    • @Z-J-
      @Z-J- 5 місяців тому +1

      @@StatesideStash all that & then some 🤝🏼

    • @StatesideStash
      @StatesideStash  5 місяців тому +1

      @@Z-J- appreciate it!