It's Over, Gold is Now Beyond the Reach of Many Americans
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- Опубліковано 12 вер 2024
- Is it too late for the majority of people to own gold? Gold is becoming beyond reach for more and more people as incomes aren't able to keep up with gold's value.
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My approach to investing involves buying silver and other assets on a regular dollar-cost average schedule. As prices and interest rates fluctuate, I may also increase my purchases accordingly. While my primary focus is on buying silver coins and bullion, I also discuss topics such as cryptocurrency and current events.
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Just bought my first once of gold. Thank you for the video
I'm excited for you. Keep precious metals in the 5-10% of total investments excluding property.
Congratulations Ian,welcome to the gold family Do you stack physical silver als?
@@shannonharris2602 i do stack silver
Good for you, that's a big deal.
Congrats that’s my goal soon have 1 ounce in a single piece.
I keep spending my money on smaller pieces and also on silver lol 😂.
If Gold is expensive, you just buy Silver. And eventually, you can put aside some amount of your Silver and trade it in for Gold. I buy a certain amount of Silver specifically just to save for Gold. As long as you can buy Silver, Gold will never be unattainable.
You poor, poor misinformed soul...
Coming from a very poor upbringing it is always nice stacking what many people cant afford.
Not in my wildest dreams would I think I would or could regularly buy gold.
The only thing I ever knew was gold is valuable and I wanted lots of it.
I've been stacking silver and gold since 2006. I had a deep thought when I was going to make another silver purchase recently. My thought was, I'm stacking for my next of kin because I will never see the benefits of preserving my wealth this way. After making so many sacrifices to obtain PM's, I'm now finished stacking. The PM stack can now sit there and gather more dust and I'm just going to forget about the whole stacking thing.
gold isn't a terrible investment. Think of it like a savings account that averages 8%. Silver is garbage, good move stopping those purchases.
Now is a great time to buy silver with prices being low,if the price drops more I will buy even more
@@BenoitWeiss-cg8pf - A dozen years from now, when silver has skyrocketed to an eye popping $26.43, you won't be able to say there weren't people who tried to steer you away from it.
Same here. Stacking since 2008. Bought my last 1/4oz Au piece a month or two back. Ag about 2-3mths back.
Silver will be liquidated if/when another big spike occurs. Gold will sit until retirement. Liquidate a little along the way to the grave.
@@Nikotromus😂
0:17 Look at the size of that Kookaburra 😮
Stacking when others aren’t. Win- win.
Plus I’m stacking for retirement
Reminds me of the saying ‘Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants - but debt is the money of slaves.’ Gold has always been too expensive for most people.
Which provides good incentive for not being "most people", at least in the financial sense. I like silver and have a lot of it. But I like gold more and continue to buy regularly.
As the US$ and other fiat currencies weaken, it simply takes more of it to equal that oz. of gold. This is expected and the gold that I bought below $1200 an oz. is doing its
job. I fully expect the gold that I bought recently at $2100 an oz. to do its job in future years. Also note that as gold rises we tend to buy less of it with the currency we have
available to us. This also is a planned for event. I have no problem buying fractional gold when I want to stack something, even if it is just a small amount. The 1/4 oz. and
1/2 oz. sizes bring down the expense of buying gold at the cost of a rising premium. But I like the flexibility of owning some fractional gold coins and think that in the future
we will see some hard times where it will be a BIG advantage to keep more of our wealth in gold, rather than in paper currency. So, when the time comes to sell some gold, I
don't want to sell any more than I need to sell to meet my needs at the time, leaving the bulk of my wealth in gold and not in fiat paper that inflates away to nothing.
Sadly,the dollar/currency is being killed and many of the BITCOIN maximalist cannot see this.
Yes, Bitcoin could go to $1 million dollars,but what can a dollar buy you then-- a bicycle??.as of right now, a brand new small Toyota car is costing around mid $30 k and a Toyota sedan or mid size vehicle SUV are costing around like $40-60 k. 🚗 🚙
i’m a fan of silver and love the metal but truth is it hasn’t gone anywhere the last 15 years , how much more are we going to wait? gold on the other hand has gone up 100% + in the same time frame , m sold on gold it will continue to rise
It's been a dog. Makes me wonder if I'll waste another 13 years stacking for some economic disaster that never comes
Yeah it feels like my life’s past me by, been stacking since 2011, hoping one day it’ll be worth it
@@matthewm9261Right on! I've been doing this for decades and will not buy 1 more oz. To sell now would not be smart but on the Next leg up, I'm out. Wish I had bought gold all the way. 👍
Because gold is overvalued when compared to all other commodities and once the emotion and central bank accumulation slows, it will correct. It wants to be around 1500$
werw you in a coma in 2011 when it hit $49? or just another worthless silver troll?
That income vs. value chart is astounding, and probably influencing private selling. But as Buffet said, "Be fearful when others are greedy and greedy only when others are fearful." Silver's cheap at any price you can get it IMHO, and you can absolutely still flip it between coin shop and private party sales with a decent arbitrage. You just need to get the sentiment of buyers/sellers in your area to figure out the greed vs. fear levels.
Silver was used for daily transactions. gold for large transactions and stores of wealth. Thats what money is supposed to be.
That's why it's better to hold silver now, how much more can gold go? Probably will go down in value so they can sell more of it. Silver has mountains to climb.
But don’t have any legs.
@@glenvilleashby2872 Tortoise and the hare.
Keep in mind that the supply of gold is limited. Once the supply gets low, you watch the price go through the roof. HOWEVER, the supply most likely won't get low in our lifetime.
@@scotts1356 True, but that's also true for silver. And just because silver is more plentiful than gold doesn't mean it can't go way up. Look at platinum, there's way less of it than gold but now it's half the price.
@@michaelmohrle1773 Anyone else remember that when the price of Pt dropped below that of Au, it was a screaming buy signal for Pt?
Gold will be unobtainable within months. Even the average person will only be buy fractional silver by the summer. The solar panel industry will be using up much more silver this year. Possibly 30+ percentage of the market, and when the dollar starts to lose value quickly, people will flock to silver, as will many around the world. You can expect to see exponentially higher prices for both metals this year and possibly a shortage of both. It’ll be interesting to see what happens when the fed is forced to show us what they’ve got in the vault. I can guarantee it won’t be over 8 thousand tons as they’ve been telling us. Let’s see how the reevaluation affects the price after that fiasco.
NO SHORTAGE OF EITHER METAL
Great channel! Appreciate your style of commentary 👍🏼
Apmex is selling 1 gram bars for $ 100:00 ripoff
I saw that 🤬. Over on eBay they're going for about $80+
Buy constituional silver dimes!!!!! For bartering!
@@coolsoupy Yes indeed!
I have a roll of mercury dimes 40's dates.
@@calvincooper1122 Way to go!
No it's not. Depends where people want to spend their cash.
Very nice presentation. I will like and subscribe. Fresh prospective, not the same old, same old.
Thanks and welcome
Stack quarter ounces if you have to. Even tenth ounces. Whatever you do, don't say to yourself "Gold is too expensive, so instead I'll buy those silver turds."
Even small GRAIN bars is doable in accomplishsing this,but people don't wanna do that either.
the year 2000 was a low for gold, why don't you take this chart out to 1980
And i looked today on a chart a 100 year chart and back in the 80s gold was around 2200 to 2400 price range. So seeing that today tells me gold is not at a all time high so when i get the money im still buying.
If I remember correctly at one point in 1980 gold hit $800 and silver hit $50 when the hunt brothers tried to corner the market. Back in 1908 the average income was $12,500. That is not much more than 15.
Don't get me wrong I am not against buying PM, just saying 2000 was a unique time period and should not be used as a baseline
Sure Can’t buy any gold so I guess I need to go do some panning and find me some gold !
Interesting insight 👍
I'd rather buy gold, Canadian bank stocks, real estate, the S&P 500, term deposits, and cash in a savings account than silver. I buy platinum too, instead of silver. For me, silver is something I pick up if I have money left over from investing in great assets. Silver is an "OK" asset. It certainly isn't my first, or even 7th choice. Silver isn't an inflation hedge at all. It's a very poor investment choice. Good luck! :)
Everyone is panicking over silver’s behavior. Remember when svb went belly up? Eagles were nearly $45 almost instantly. So if you think that’s the last financial scare you should sell all of your silver. If not I’d hang in to it.
i sold some silver when it was nearly 50. an oz, i think it was a once in a lifetime event
If gold goes up, the $ goes down, but, If gold goes up, the 8000 tons the US has will balance the US debt.
So, gold will go up, but only under very hard controls, which is why gold has gone up, but holds its price very well.( not dropping drastically )
There are many with significant doubts that the US has anywhere near the 8000 tons it has claimed for so long now. The last audit was in 1954. The Treasury Dept thus far refuses to allow another audit. For my money, I'm waiting for October when BRICS convenes for establishing its commodity-based currency.
I think it’s about people’s priorities?! I see people lined up at Starbucks daily and buying $1500 phones with too damned many subscriptions all over! Gold is ABSOLUTELY obtainable!!
Not really because Inflation is also killing their budget,many people are trying just to stay afloat in paying their bills and debts off.
@@Eros13adios like 👍🏼 said
@@silverhustlin1390
The only reason why I'm able to stack on any precious metals is because I live in an RV in someone's backyard and all that rent money what people are paying,I'm putting it away in Precious Metals.
I sense this dollar currency is already over and many people can't seem to notice this and others are chasing after Bitcoin/Cryptos which I believe is another trap 🪤
Silver is not cheap as long as premiums are 25% or higher. Gold is the great buy now
with only 4% premiums. I can buy 1 ounce gold bullion coins for a $40 premium, but
try buying $2000 worth of 1 ounce silver bullion coins and you will pay $400 or more
in premiums. Silver is the poor man's currency, and the poor always have to pay more
to survive. Believe me I have 1000 Silver Eagles and 16 gold Maple Leafs. The gold
is worth more than the silver when you go to sell.
What dealer you going to? You getting robbed lmaoo 😂.Most local dealers selling silver at less than $1.50 above spot, less than 10%. You just don’t know how to look, or where you shop at is full of thieves.
Silver is NOT at 25%. If it is, where you buy is taking full advantage of you when you walk in the door.
With a GSR of high 80’s to 1 it screams buy silver
I only have 3 ozt. Not enough. I need more
Gold fever has no cure... only the treatment of regular buying! 😆
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
Big like number 286, excellent video and thank you so much for sharing! FABULOUSLY done
I stack copper pennies copper bars silver coins silver bars and crypto
Never buy silver for more than $17, that allows you to sell hard during the once a decade spikes.
Gold doubled after September 11, 2001
When was the last time it was 17? A couple years ago.
@@StarStacker-hf3iz yeah, but that's how you invest in things. It will go back there again, just like it did after $40...
This time I think we'll see $13, but I've collected coins since the early 80s, so what possibly could Generation X know about market cycles?
@@GardenerEarthGuyWhat possibly could these lame ass old fart boomers know about what’s CURRENTLY going on behind the scenes in the economy & know dwell about what happened in the past? Only clowns actually believe Silver will ever go back down that low barring some SEVERE deflation.
Yeah, good luck with that!
LOL! So that's the strategy for silver? It's actually the only one I've ever heard that makes sense. I think everyone would do much better just to stuff their money into CD's, but in lieu of that, this is one way to not lose tons of money with silver.
2O YEARS FROM NOW, SILVER AT18 BUCKS..............
Nobody wants to buy my gold
Yes, people do. You probably want too much for it. I will buy a half ounce eagle for 800$. See, I want to buy it.
To be fair, gold is overvalued at the moment. And quite unattainable to pretty much everybody that isn't in the upper middle class. Everybody loves gold right now, so you shouldnt be buying. Wait till the sentiment changes to fear
And when will that happen, exactly?
Measured against the S&P, gold is the cheapest it's ever been. Depends on your yardstick. I think silver should be $40/ounce right now and set to rise.
@@bingbong7316S&P =/= what people are bringing home. I suppose you are getting a 10%+ raise a year?
Wait and see what BRICS comes up with in October.
Well don't be a fool and buy silver because you cant afford gold. Just save your money and buy gold when you can.
Gold to reach $2300 next year. Just buy some gold to benefit from it. Thanks.
More reason to use Goldbacks. People can afford 1/1000th of an ounce of gold.