Gold & Silver Just Getting Started, BUT THERE'S A CATCH
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- Опубліковано 28 вер 2024
- Lior Gantz joins to talk about gold's rally, where we are in it, and whether or not silver has a chance to break out in a big way (and what to do about it).
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people only see gold as a (tier 1) monetary asset, but 20 years ago Gold was around $300 Now $2500 Silver was $3.5 Now $28 each is up approx. 8 times, I think they are both good inflation hedges 🤓👍
Consider that in the early 1960s, a gallon of gas was $0.29 including a trivial tax. At that time, the change in your pocket was 90% silver and you could purchase 3 gallons of gas for approx an ounce of silver. Today, with gasoline being heavily taxed, you can get about 8 gallons of gas per spot silver price.
Good perspective
@@CDmatt silver premiums are higher and is bigger
In a world with FIAT money, where the same money lose value each and every year, gold can never lose. It may be that you are not timing your gold buys, but over time it will never be wrong to own gold.
Except, when YOUR government makes it illegal to own/hold physical gold, or silver,.... or even 'money'.
@@richh1576Whose fault is it if they get away with that!? I think that would be a bluff we all must call.
@@peggyuser-oq6xz7fg9o - That's easy to say--though I do agree with you. We let the politicians get away with WAY TOO MUCH. Look at Trump. He got his sentencing moved until after the election. So if the skink gets in, he'll just change the laws so he doesn't have to BE sentenced or comply with any sentence that's handed down.
Clearly we need more and citizen groups that meet regularly and go after or at least publicize the insanity that's going on behind so many politicians. UA-cam creators are helping with that, but the average person doesn't watch those kinds of videos. We'd have to get sponsors for sure, because no one is going to join a group that they have to do work for and not get paid when they have families to feed, bills to pay, etc. I don't know what the answer is, but I do know that diversifying one's wealth is one way to help hedge the "It's the government at the door and they want all of our gold, guns and money" problem--a real problem that has already happened in the past! (See my point, above).
@@richh1576 - One of my biggest concerns too. So, I diversify and am looking at other things. So Lior's suggestions of silver & gold miners is timely as I've been thinking about investing in them but wondering if the market goes down, would their shares go down also. Lior pretty much answered that question though I'll do more research and surely study his portfolio. I now want to learn about PM ETFs. I also feel that once the market goes down, THEN I'll invest in the S&P and maybe the NASDAQ. Many other investor educators like Bald Guy Money also talk about these investments being a good way to diversify.
How are we going to spend the value of our precious metals in dollars once the dollar bellies up, other than bartering? Because once the commodity at hand peaks, nobody will want to see it dwindling without a dollar. I wonder how the price can remain at peak levels without the dollar value.
I belong to the camp that “if you don’t hold it you don’t own it”. It doesn’t matter if it is gold or silver.
you cant hold the stocks you “buy”
@@InappropriateShorts I got in trouble for holding "my package" in public ,,, i guess i only own it while I pee or ....
Of course it matters whether you hold silver or gold. There’s a world of difference
@@InappropriateShorts And because of that, when there is a dispute over ownership, someone else is going to win it over you.
@@caryphillips4885 can’t dispute something I dont own
Silver might be the easiest way to make money. When gold leads silver will follow.
21:07 "If you're an average person..." This guy has no idea who the average person is because I can tell you, as an average person, there's no possible way I can spend 2,000 a month on anything, let alone silver or gold...I don't even know why I'm watching this video save for dreaming about being someone I'll never be...
Buy silver coins as many as you can
Take a step back and take a look at the big picture. Take stock of where you are at and where you want to go then create goals to get there, it is possible. It is very possible for EVERYONE in the nation to get to the point where they have $2k a month to spend on things but it does take time and serious discipline AND most importantly motivation. It can be done.
Small amounts can and do mount up. Little and often has worked for me and I am not on a massive salary.
@@jkly495. I agree I started years ago buying 100$ worth of silver every week. I stopped eating out and buying clothes. Now I buy gold when I saved enough for it Takes time I still buy silver though.
You can be more than you’re currently thinking!
Pray scriptures about prosperity and wealth with your name in it and thank our One True Almighty God through Jesus Christ and watch your life change! Ask for ideas and guidance! Deut 8:18 …the Lord gives you power to get wealth…
🙏✝️🙌🙌🙌🙌🙌🙌🙌🙌🙌
He’s right about silver! There’s others speculative investments where there’s no premiums! But I feel good having some maples to look at🙏😊
Me too!
Exactly!
My LCS sold me Maples for $31/ea today, same price as rounds.
Avoids probate and your kids will enjoy some classical wealth!
Gold and silver will skyrocket due to rising inflation, economic uncertainty, and a loss of confidence in fiat currencies. Period
No it won't, they won't raise gold too high because it will price people out and it will wreck their business of the selling of gold, it's just business based on sales. They Raise spot price when more people buy gold, they lower spot price when less people buy gold, why don't you people understand this? , it's all based on sales
Goldfinger,NopeThats just silly
And i think more impactful, is all the Conflicts/War going on right now
@@Lonepatriot69 silly is an understatement
@@goldeneye70 Apart from if Brics force the price up . And the have to revalue because of the national debt. I agree though it wont go up fast but it will go up. 🙂 it beats inflation and that's the only reason I hold it. I don't trust the banking system. 😞
Guest speaker is playing the market as it played out in the past- I think the country is imploding and Wall street is too. 😮
Nothing Like a gold coin on a down day in the market.
Or ... holding a lot of shorts or puts
@jake8077 true buts it's very hard to time the market and buy those puts just at the right time.
@@jake8077or buying stocks at a discount.
I think he is correct on the most part about physical as an investment when it comes to silver, the premiums really force you to hold long term before you can break even, let alone make meaningful profits!
And good luck if your state charges tax
One reason I’m waiting for the ratio to come down Trading for Au
@@go4it764 Yes, same here, but a lower GSR would be helpful there. That or a significant silver squeeze.
@@go4it764 Why not just buy the gold now and sell your silver later when its higher to get your cash back?
ok I've listened to this guy in the past many times and like what he's spoken of his views on metals and the markets. But he is just absolutely clueless on the subject of wars, or at best he is selectively clueless for the benefit of his business.
I agree, he called Russia an "Economic powerhouse" when in fact it's economy is the size of 1 US state and it's defence Budget is the same as the UK's (My country). In my opinion this alone should put the seed of doubt in the rest of what he says. That said , I stack gold and a bit of sliver. God Bless the UK and the US.
Snake in the grass. Former penny stock P&D’er
that’s right a true grifter
@@AdrianSams to be fair, he did an entire segment talking about how Russia is so weak, Putin has to kiss the Ayatollah's ass to get drones you can buy at Walmart.
@@AdrianSamsI think you and him might have gone to the same military college so 😂
Russian manpower is far cheaper and more effective than UK, and then theres the various weakened arms. E.g. serious gap in pilot capacity and capability due to churn. Then theres the warfighting experience. Again, the natural attrition combined with low levels of retention means that UK, like all other European militaries has serious operational issues.
Defence budgets are not much of a stat. Huge tranches of Western budgets go on wages and pensions. Perhaps 55-65%.
Lesson over (former Defence official).
Good conversation. Buy gold when you are young, and hold it. Silver is iffy for me. Historically, silver isn’t an investment that has a high rate of return. Thanks again for the content! Love it!
I started really regretting wasting my time with Silver around March this year. I backed way off buying it. I WILL sell it all IF it hits $50. 1/3 of my stack at $40, another 1/3 at $45, and the rest at $50. I will hold onto my 90% for peace of mind in the event of a SHTF scenario. Great video that fueled my feelings about silver. I want out, and increase my gold.
I got rid of most of mine last year took a beating but was jist fed up with it
Silver is plentiful compared to gold. Because they have so much on hand the dealers push it.
I was sick of silver around June 2023. This year it finally started doing something. I do wish I didn't buy any and put it all into gold.
Yes and when the Dollar drops the UK Pound and the Euro will pay dearly 😞
This guy Lior is spitting truths. I like having him on a long format like this when he shares so much insight.
Silver definitely has room to run -- and I will continue not to touch the hard stuff (different story for booze). It's a trade, it's a stock to own, it's funny money. It's not something I will buy and keep in a safe. Let's contrast that with gold.
Gold is gold, just what it's always been, no better, no worse. Silver may once have been a monetary metal in ancient times, but it is no more.
In all the Asian countries I have lived in and travelled to (Vietnam, Malaysia, Thailand, India, Pakistan, and the Middle East -- yes, the Middle East is in Asia, shocker to you Americans out there), gold is tradable on the spot (pun intended) for immediate cash. It's easy. You can literally walk onto the street in India or the Middle East, ask someone where you can sell your gold, and he'll point you to a handful of stores (if he doesn't want to buy it from you himself). There is literally no other asset in the world you can carry on your person and trade like that. Not even US dollars. People in China and Kuwait and Singapore would much rather buy your gold than your USD.
Don't waste your precious dollars on physical silver. Doesn't matter how "affordable" it seems. Save your pennies and buy gold infrequently, rather than silver frequently.
Why would I deal with physical silver? Because I won’t have to pay 40% in capital gains tax, Jack
He said $50/$70 by 2027/2028... ild say $50/$70 by 2025/2026.
Just move the goal post 😂
He could be right but I still think silver has tremendous potential. It's not tier 1, it's demonetized, it's just industrial, etc. but the public use of silver as money was natural as was the historical GSR. It is unloved now, by fiat. But we live in a world where fiat is failing... I think the natural will re-assert itself again. IF people begin to use silver monetarily again, it is not abundant, it is exceedingly rare. That is the case for holding physical silver. If your plan is to trade in and out of the next spike then yes, do it electronically.
Always good to hear from Lior. Keep inviting him back for more.
I love the intros but put a nice .45 or .44mag on the table with the gold makes the thumbnail ❤
Silver is only for buying you groceries. Gold is for paying your Doctor. Gold is your large ticket items.
Silver could possibly be used as money in the future. Fractional (junk) might be used to barter if the dollar disappears.
You live in la-la land. The rest of us live in reality.
I'm hoping silver and gold ratio comes down close to 70/1 and looking like it's going to drop before I retire that's always been my number to trade out my silver stack for gold
It was close to that in May. I traded for several ounces at 78, 76, and then 74 to 1.
Also, why is platinum so low? It has a 1-oz face value of twice that of the gold counterparts.
because almost everybody has platinum and just throws it away or dumps it in a junkyard
@@nooneimportant779 at most that would be 30-40 ounces ... $40k cant buy much of a house
@@nooneimportant779 it used to go for 2x the price of gold. And the government places a $100 face value on one ounce. And it's rarer than gold. If the country went to a gold standard today, anyone with platinum eagles would have value that is 2x the value of gold eagles. Does that clarify why I'm asking?
I always appreciate the interviews with Lior. Thank you!
Cheers!
Sometimes I think you started this channel to have a reason to play with your coins every few days! I get mine out of the ***REDACTED**** not often enough!
You got it. I needed an excuse.
@@2is1gold I’m glad you do it encourages me to
That was an hour I’ll never get back! I’ll stick with gold! Just bought a 2008 Gold Buffalo. Set is now complete!
I‘m trying to buy 1/4 oz coins monthly. Soon will be buying a 1 oz AGE or ML with silver
Did you watch it at half speed?! 😅
@@2is1gold I think just twice
The video was only 33 minutes long.
Great guest and content. For me personally, I am with you both on stacking gold versus silver. I have been burned too many times by silver in the past. I'm sure it works out great for other people and I am happy for them. It's just not for me.
Im glad he mentioned the Oct 2022 orders in the DXY which will be mitigated shortly
Excellent, sober, and realistic assessment of silver versus gold and how best to take advantage of a run-up in each. I have never bought into the silver-stacking passion, although I do hold some physical silver (if we get into a SHTF situation, silver would be better than gold for small-purchase barter). Gold is, and for millennia has been, the queen of safe value so that's where most of my "wealth" (a rather grand term for my humble savings) is stored. For the fun and hopefully lucrative play, the miners are my focus. Many thanks for a very interesting and helpful interview!
Times are very different now. Don't ignore the fact that the Dollar is at the end of it's "Currency Life Cycle". Simple hypothesis...when we went off the gold standard...an inflation rate of 2% was the "goal" of the Federal Reserve was 2% inflation.....well, in 50 years (2021) the dollar should have inflated away 2% x 50 years = 100%.
There is NOTHING supporting the dollar, atm. In fact, when countries get together and sell their bonds and send back their dollars...the dollar will hyperinflate then crash = "Operation Sandman"
There's a likelihood that silver will go up and just because it didn't do that in the past doesn't mean it's not likely to today. I think many of us that stack silver don't think it's going to spike to the point where you have to sell it to take your profits a lot of us think that Silver's going to keep steadily going up just like gold does although obviously not as much. And it's certainly very heavy I think you need both but I don't see any problem with holding silver physical for the Long Haul
Silver industrial the new solid state batteries will use over a kilogram per battery for vehicles there isn't enough silver to do that now
i stopped stacking about a year ago, i started when i was15years old and I'm 77years old now.
"I may have been early, but I'm not wrong." -Michael Burry ... I have the same feeling about gold and silver
There is a very small amount of silver in most electronic products - so a substantial increase in silver price will not discourage most uses of silver. BINGO!
Agree - physical gold and silver are mainly diversification of your "cash" holdings.
Great video brother thanks for the info 🥃🥃🥃
🥃
WooHoo. Great content as usual.
🤜🤛
yes, fellow choir member, the sermon was good
I bought a lot of silver as a novice. Dumb luck had me picking it up almost a decade ago when it was reasonable. I’ve sold some of my oddball stuff and done okay. Not my best investment, but I didn’t lose money. I enjoy numismatics for silver now, just for the cool factor, but I’m hoping the collectibility insulates them some from the commodity market. I’ve grown to be of the opinion that silver is a commodity and doomed to be traded as such. I agree with Lior, trade the ETFs or Funds. That’s the only place to treat silver as an investment vehicle in order to get a return, or at least it seems it. Coin collecting is fun, silver itself seems unremarkable. Gold has specific attributes which make it attractive as a physical store of value. That’s not an investment. It’s a conversion of currency to a hard asset. It gets confusing because we use a lot of the same language we use in investments and trading stocks. A gold coin is a hard asset which can be stored and hold its value.
Ive been mining Gold my whole life it was 75$ oz when i started as a kid its now 2500+ .
It will go higher as its not being made only mined and either hoarded or used up!
Unfortunately I don't see much upside for silver. Most because I don't like the premium I have to pay for silver (it is a huge handicap). Gold on the other side has reasonable premiums, and it seems to preserve value really good.
Same story I’ve been hearing for years.
Yes and gold is up considerably in the last 3 years.
After listening to Lior I get the impression the way he talked about his physical gold holdings seems like allocated funds and not actually in physical. If so, in a crisis that allocated fund will pay him in devalued dollars in all likelihood just like the Comex settlements.
Bingo, for some reason this guy living in Israel with bombs going off around him thinks the dollar and our economy will just keep trucking along. His arrogance is beyond annoying, it’s dangerous for anyone taking his advice.
Lynnette Zang tried to explain economics and specifically the collapsing dollar to this guy and she couldn’t break through to him. He’s all over the map, one minute talking about rising silver because of a dropping dollar but then he states silver will drop way back down as the dollar strengthens? Wtf. He’s a clown and I can see why Lynnette basically kicked him off her show, his predictions completely dismiss a permanent end to the dollar, in which case silver is far more than a paper trade. I think Lynnette will be proven right and Leor will wish he had physical silver. Raffi Farber, and Mario Ineco of Maneco 64 would have a better chance at educating this guy to save him from himself.
Why would he wish he had silver if what he states is true with his gold Holdings. Lets be real he's investing while many watching are just talking
Wow... Interesting and honest take on silver. It's refreshing to have another perspective on it. Any suggestions on which silver mining stocks to pickup before the big run up?
Silver premiums are about 20% versus 2% on gold. This should be clearly evident to any buyer, but if you cannot
afford gold, you are forced to buy silver. When I was a 25 year old man in 1971, I could buy an ounce of gold
with 32 Silver Dollars or 32 one dollar bills. Today, it takes 2550 dollar bills to buy one ounce of gold or
88 or more ounces of silver.
I'm buying silver at spot .
@@buyystockswhere, in paper?
@@awakenotwoke4830 vermillion for awhile and local,
@@awakenotwoke4830 well, motivated sellers exist. People sell back of spot to dealers all the time lol
Mr 2is1 makes a good point that the mostly ridiculous and pathetic youtubers have cried wolf so many times about silver that even if Lior Ganz says something positive about silver it is hard to take seriously. I am not selling any silver. However, I would never recommend that anyone buy it. Its just too risky.
Yeah, you risk taking a loss!
Let's get this straight from the start, the US did not admit China to the WTO out of the goodness of its heart
Been enjoying your folksy show for a couple years now and it keeps getting better. Great to have someone more like me interviewing the experts.
I don't understand the reason you put a headline of 50-70% price reduction, and tham says the exact opposite 🤔
Crossing the border from the USA into Canada carrying a bunch of gold in $50 one ounce gold maples. Customs asks if you got over $10,000 to declare. Nope 🤣😂 Be interesting to know what they would say if you said you have 100 Canadian Maple coins worth $5000 in value according to our government.
Lior is a breath of fresh air.
Question? When the privatized federal reserve note worth goes to 0, other than bartering, how will it be spent?
What could you purchase that won’t go down in value over time? There aren’t many choices.
And transport easily.
Property
Very enjoyable thank you
Cheers!
Thanks for the discussion 🙂
🤜🤛
Should i buy gold now or wait for the pull back?
Yes, well, that IS the $64 billion question, isn't it? Well, one CAN hedge their bets a bit by buying a little
gold just to keep in the game, rather than buying larger amounts, as they might have done previously.
Buy
I've been holding all year for a substantial dip. It just keeps climbing.
The only difference with silver story today and in the future is higher demand due to technology, so to also mention silver to gold ratio is not exactly fair comparing to 500 years ago, I still agree with what you’re saying to a degree.
I believe within 5 years gold to silver ratio will be more like 40:1 only two reasons every year silver mining drops and technology demands more silver…
If only Polaroids came back.
I like this guy he is consistent. :/ a consistent silver hater
Thank you as always. 🫎🪙🫎🪙🫎🪙
great insight with some points about silver I have not yet ever heard before. Awesome!
Thanks
A chance for a massive shift in the gold silver ratio when it hits 93? Where it climbs all the way up to 150 in the span of 2 months. It made it to 120 in early 2020.
I could see gold retesting 2100 before real breakout
True
Possible but not this year 😅
That would be a great buying opportunity. I've been waiting for it but it keeps climbing.
Good thing im not into this mainly for trading. Its a mean to protect my assets and Im more of a grab and run kinda guy. Dont really care about the price v fiat on day to day or even month by month basis it just takes too much of your energy!
What the heck is that smaller, thick 1933 double eagle gold coin looking thing with lettering on the coin's rim sitting on your table next to the American Gold Buffalos?
2009 Ultra High Relief Double Eagle
@@2is1gold It's a beautiful piece.
Has Lior every been right???
The villagers lighting the torches ? I like that one 😅😅
Who is so obviously keeping silver price down? Keeping it down as they stockpile?
Nobody is keeping silver down - silver is a commodity traded in the market. It goes up, it goes down. It's volatile and a volatile market is NOT manipulated. And nobody needs to stockpile silver - there is approx. 6 billion ounces in above ground inventories.
@@Jan-m5c2r You'll get pushback on that from the uninformed, but the only convictions for manipulation were for "spoofing." Spoofing is manipulation but it is not price suppression, and it was done to try to get prices higher as well as trying to get prices lower. What 99% of silver stackers do not understand is that spoofing has a very, very short term effect on price (seconds or minutes), certainly not days, months or years. Basically, it is just entering an order that is large enough to make other market participants to think the market is going a certain direction. For example if market maker wants to sell at a slightly higher price, the spoof is to enter a very large buy order, hoping to get sellers to pull their offers out of the market, which widens the bid/ask spread, and also hoping to cause other buyers to buy at the market in an attempt to front run the huge demand they think the market maker's large order represents. If their buying attracts other buyers to rush in to get in on the move, the market maker sells into the increasing demand. Then the market maker cancels the large order, which it never wanted to be filled in the first place. Thus, the market maker was able to make the sale at a slightly higher price than it could have achieved in a normal market. The whole spoof could be over in a few minutes. The illegality is entering an order into the market that the market maker did not want to get filled, solely in an attempt to move the price. It certainly is not an attempt to drive the price down. It is an attempt to move the price a little bit over a brief time frame to get a slightly better fill. Really, it's about the same as the completely legal practice of running stops.
@@Jan-m5c2r except they sell over 400 paper ounces of it to 1 physical. OUUUUTTTAAA HERE WITH THAT BS
You know what I'm not done yet. 35 trillion dollars divided by 6 billion ounces comes out to $5,833/oz. OUUUUTTTTAAA HERE WITH THAT BS
@Mark-pb8kj Please explain your logic to me. 36 trillion in debt divided by 6 billion ounces of silver, why? Just silver? Why not add gold to that and then all the base metals, then on top of that property, land, and so on. 36 trillion divided by 6 billion ounces of silver gets you a meaningless figure.
Oh, I thought this video was about knives....now I see...? That beautiful piece is what ?
That's a Shirogorov Quantum Ursus. 🤘
Great episode!
What is the small coin in your video? I have tried ti find one but have been unable to find one.
2009 Ultra High Relief Double Eagle
Interesting analysis not different from most but well presented....great interview
I enjoyed the video, I do feel the same about allot of stuff discussed. I often stay quiet regarding silver as my opinion is not well recieved, I use silver to get more gold, that’s all. If everyone is so certain about the economic turmoil ahead, excluding a literal SHTF situation, I don’t see a mainly industrial metal doing well in the shadow of recession. Good video tho
How I see paper silver or gold. Say 100 oz sit in the corner, you buy into it at a price as does many others. The more that buy paper, the lower your stock oz of silver or gold is. If it’s in your hand you control it.
The silver premiums and value density turned me to gold. Premiums paid on a
couple of monster boxes of silver would have easily funded an extra ounce of gold.
This morning, as I speak, silver is $31.32.
Good informative video.
Stack for fun. It's been 12 years folks have been hyping gold and silver with tiny gains. No one is buying right now and won't until the price stabilizes.
26:17 *interesting discussion on GSR*
HELP, I don't know what to do. I'm totally new to precious metals and I don't know where to buy. Where do you store it? If banks collapse, can we get it out of our safery deposit box or will the gov. completely lock down the banks? Maybe a safe? But robbers are known to steal those and I can guarantee that crime is going to go nuts, especially in large cities.
Assoon as silver go up, ie bought by public fast and for some reason, it will get harder and harder to get, yeah if so then i think gold holders will beg huge silver holders/stackers to trade. I will rather walk with 1000 rand in my pocket then 100 000 at a time.?
NEWS FLASH: Silver has the potential to greatly appreciate. NEWS FLASH: Money markets will no longer pay high interest-- that cash may go elsewhere...fascinating. Why is it that 2 is 1 is the smartest man in the room. Have me as a guest, it would be more entertaining and informative! Swing and a miss. That's ok. I love your channel anyway.
Ha! I kept Lior focused on the elephants in the room so he didn’t go into things I couldn’t understand! 😄
Keep stacking gold its like realestate alllllllllways goes up
Regarding silver, Lior & Bill Holter should have a conversation, because one of them is wrong.
Theres alot of copper/brass in tec and 925 jewelery. Put that on the silver gold scale and see wtf happens to silver, silver is hold back on purpose
107k subs🤙🏽🥃
🍻
Who do you buy your gold from? What is the best gold to get today?
summitmetals.com/ is online now. Gold Buffalos, Eagles or Maples are my preferences.
Thank you.
@@2is1gold No more love for SD Bullion?
@2is1gold .... what about US and offshore vaulting services? Have you looked into this?
More people are using plastic for plumbing, copper is on the way of becoming a precious metal silver is being used for industrial purposes. It has a potential to rise also gold has become a rediculous to obtain.
THERE'S ALWAYS
A CATCH
This guy does not know what he is talking about, I'm pretty he gets his knowledge from CNN.
You really should try and educate yourself about world matters before you record yourself on video repeating stuff from CNN.
People don't waste your time on this guy.
What happend to the big upcoming sept breakout ?
I think you inspired me to get a wallet pen. I'm also going to carry waterproof index cards inside my wallet
One might consider the hidden reasons a seller gives when they purchase their metals. He/she may be overinvested in stocks, bonds, or real estate and unable to sell out. They may be cash-poor and unable to access quick money. In some cases, the banks may be restricting access to their funds. With the high projections about the future spot price increase, a stacker may be heavy in silver and wants to convert a small part of their stack into cash. The most reasonable reason is they may consider it to be none of your business, (which is wise) and one should expect a generic response to the question of why they are selling their silver. Like myself and most Americans, everyone should be concerned about the coming economic downturn and needs funds to make purchases that might be needed in preparation for hard times. The question most important to me is when does one convert silver holdings into gold? One is told to watch the ratio, currently 87 to 1, and convert when the ratio falls below 30 to 1. The problem is that there may be no gold available if one waits. Life is full of delimmas!
I prefer physical as it's not taxable like trading paper silver is. Crypto col
Ever hear of capitol gains tax?
@@awakenotwoke4830some states don’t capital gains tax precious metals
@@NazarioFitness capitol gains are federal and only a handful of state don't also charge a tax on gains.
Amazing 👏
You know, at some point the dollar is going to do what every fiat currency has done. It will hyperinflate to nothingness. I believe silver and gold have just as much chance to become money again as anything else when we reach the dollar end game. What happens when no one is trading gold for paper to spend?
You need something that has value for necessary small purchases like food and beer. This is why I have silver. Because no one knows what is going to happen. When I was born all coins from 10c to 1$ were silver. 100 years before, even 5 and 3 cent pieces were silver.
I think bartering with silver is a good thing....but it will only be a small window of time...i think most people will want to barter for what they need...food water fuel toothpaste whatever. Governments will do whatever they can to keep their currencies alive...at our expense...including hyperinflation. No the next step for the u.s. dollar is to go didgetal....no more ink used...just a keyboard.
@@GeorgeMitchell-g8x It can't be another fiat currency for maybe 80 years. That is about the time it took for the laws passed by congress in the 1930s to prevent another depression were repealed by Reagan, Clinton, et. al.. Such as a bank in 1936 could not be an investment bank and a consumer bank concurrently and banks could only operate on 1 side of the mississippi. Living in California from 1960 to 1979 I never heard of Citi, JP Morgan, Chase.We had Bank of America, Wells Fargo and Washington Mutual (RIP).
This kept banks from "to big to fail"(tm).
I did not hear anything in reference to the shortage of silver due to industrial demand ?
Who says there is one?
Lior makes a great case for the mania - and the maniacs. He thinks it is about price.
This guys take on geopolitics is the dumbest thing I've heard in a while