Gold VS. Silver 2024 - Which Metal is Right for YOU?
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- Опубліковано 31 бер 2024
- In this video I look at gold vs silver in 2024. Is it better to be buying gold or buying silver right now? I have talked about gold or silver in the past, but now things are different. Gold price is at an all time high and silver price is about half of its all time high. Silver and gold are both great things to buy if you are wanting protection from inflation. I think that silver may have more potential than gold. Gold is denser than silver and more stable usually. Silver can be used for barter. So which is better gold or silver? In the gold vs silver debate 2024 I think that you need to decided why you are stacking to begin with. Silver will be better for some people and gold will be better for others. I am buying both silver and gold right now although I am stacking silver heavier than gold. What are you buying in 2024 gold or silver?
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#Silver #Gold #PreciousMetals
Silver buys the bread. Gold buys the bakery.
good one!!!
🤣 Love it. 👍
They'll buy neither if the world ever has a clean water and/or food shortage.
Agree af
@@PatrickDKingsilver can help disinfect water, though.
Which metal is right for us? Answer is, “Yes”.
I was even thinking about getting a few pounds of copper...but then I couldn't justify to myself why
@@GreatWhiteCat have copper, aluminum, titanium, as decoration
Get pre 82 Pennys. Tons of them out there. I’ve got over 1 thousand pounds in pre 82 Pennys. Easy money. Just go to you bank or grocery store get rolls. I’ve found about 1/3 each roll per 82. Spend the rest or send to bank.
@@leonidas953 I’ve just started setting pre 82’s aside recently actually lol
I'm old and my silver is heavy. I cannot move it, so it's definitely a source of stability!
Thank you Silver Dragon for your content and wisdom.
Definitely in the "Both" camp. I stacked heavily in the 80s and 90s. When times got tough in the late 2000s I sold rather than tightening the belt, to keep my family comfortable. I made quite a profit at the time, but wish I'd kept at least some silver and gold. Started stacking again a couple of years ago when I hit my 70s. Converted some of my cash to gold and silver. For the reasons Silver Dragon mentioned, silver for bartering, gold for wealth retention, I'm budgeting for both now. Won't ever reach the amounts I had last century (that sounds like such a long time ago) but I'm very comfortable with my choices now.
Great video brother thanks for the info have a great week 💯
BIG like and thank you so much for sharing! Excellent video!
This was very informative. Thanks!
Gold will get and stay above $2500 before Silver stays over $30.
Agreed
I agree! Gold is where it's at.
Don’t care about prices. It’s all about GSR for me.
Doubtful but maybe.
Today Silver is at 28.19, Gold is at 2,368.10.
Both are going up by the day. Seems like both are going to cross your threshold around the same time. 😁 Hate spending more but if the value stays up, then your stash stays more & more valuable 💰💰💰💰
My gut feeling, from my own personal experience, is that silver will always be confined to a very narrow band. The $50 point was always an anomaly. It has never sustained it for a but a brief moment. If one were a speculator, you’d have to sell all your silver at that peak, as it always crashes back to a lower level. That’s assuming you can find a short notice buyer at that peak. I can live with my silver in the $20 to $30 range. I also use my silver as a long term, buy it and forget about it, investment. Maybe my grandchildren will get something out of it. Gold has long term investment potential.
I was going to comment until I read this. You said it for me!
Bingo. I'm almost constantly responding to commenters who put credence in the $50 high, mostly trolls, reminding them that brief spike was a non-market driven anomaly like you said.
Pretty accurate assessment in my opinion. Historically silver prices hasn't even kept up with inflation. The only way it will pick it up substantially is if there is a shortage due to a sudden abnormal demand from the industrial sector. I use it as a savings a account but I don't expect it to make me any substantial amount of money any time soon.
Great advice thanks you answered lots of questions I had to find answers to 👍
Almost 210k subs!!! Congrats!!! Love the info and community ❤
Excellent, Just Excellent Silver Dragons. 👍👍👍👍👍
Thanks! More great info!
Congrats for the 210K subscribers mark ! I will be 80% Au and 20% Ag in 2024, It was the opposite before.
Buy silver if you want stability - $25 forever 😁
🤣🤣🤣
Fr, it should’ve been at $60 at least by now
😂😂😂
I'm loving it, I hope it stays low for awhile. I'm buying right now not selling. 😂
@@ghostfloxks7414 Yeah it would be $60 if people actually wanted it
Agree to disagree I would put that the $800 high back in the day was worth a lot more than the $2,200 whatever dog crap dollars we have we use today
Good info, I'm still purchasing Gold and Silver in 2024, but I keep and eye on dips almost every day, but this year I'm going to try to purchase more Gold this year, but we'll see. THE SARGE
What are the best additions to a $500k portfolio to boost performance? S&P 500 is Up and will do better in 2024 I believe as indicators for profits continue to improve, investors like me believe that “Santa has come early” to the markets.
wow massive gains! my partner recently hinted on going same direction.. what did you invest in, and who is your investment advisor please, if you don’t mind me asking? in dire need of asset allocation
Thank you for this amazing tip. I just looked the name up, wrote her explaining my financial market goals and scheduled a call.
Oil
very good choice of words on staking metals.
Thank you this was actually helpful.
Silver for me I can afford silver and it has a lot of catching up to do on ratio and I believe that is what’s coming
Silver investors do their research. All others follow the herd!
Spot on video, especially about how much silver weight you need just to match one gold coin...HAS to be gold all day long😊😊😊
Love this channel, found you guys about 2 months ago.
After thinking long and hard about this, I made a final decision, of what I want to focus on....and my solution is....everything. Whatever I can get my hands on.
Very nice video sir.
Spot on.
👍👍👍👍👍👍
Enjoyed the video!!
My personal choice right now is 100 Oz silver to 1 Oz gold. Working man goals 😅
all men work
Gold all day long for huge gains, I am SO happy, not worried about my large silver stack just stacking regularly 1oz gold coins😊😊😊
Gold for me. I may finish my 100 ounce goal for silver, but that’s it. Storage gets to be a problem for little return.
Very good explanation. 👍
I thought silver stacking was going to be the winner, but have changed my mind. Gold all the way!! ❤
silver will go up in like 4 - 10 years it will proably be around $50 - $85
Same.
Silver is silver, but Gold is gold. Need say more?
My three favorites are gold, gold, and gold! Although I still stack silver an oz at a time any large purchases (over $100) are in gold. I really can't even afford gold so I have to scrape together what I can and if I come into money that's what I'll get. Gold seems to be performing better than silver whereas silver doesn't seem to be doing anything. By the way I do have more gold than silver in monetary value but not oz's.
Dealers are saying that they are having people come in and sell their gold at these prices. I would not buy gold personally, I'm a silver kinda guy. I do have "bullion" but I'm a silver collector...I buy cool stuff I like, vintage stuff, Engelhard, 90%, art bars, Egyptian, Elemental, Intaglio, anything with cool designs that I feel will bring a higher premium in the future do to artwork/design on coin/bar, or round. If you pick the right stuff, it can double in value over time.
Well explained.
It was like explaining the first five letters of the alphabet to a first grader. you have a lot more to learn
Another awesome video
All I can afford is Silver. I do have some stashed away and really wish I could have purchased gold when it was lower. Oh well, I'll stick with the silver and keep moving forward.
Thanks for the education. 👍
If you had to make the same decision in around 2010 and you bought silver you would still be sitting at 50% loss but if you bought Gold you would have made 20-25%. If you bought S&P you would have made about 1000%.
So if you bought gold at the price it is today, by 2034, the most it will appreciate is around 20% right? If so, gold is not a storage of wealth because it does not appreciate in line with inflation! Correct?
Silver is I can't afford gold anymore....
😂😂yup
Great content as usual 👍
Thank you
You made some very good points in this video... However, I stack mainly because I have a spending addiction and I just can't keep my money in my wallet or bank account. So, buying gold & silver gives me the satisfaction of spending my money on something I can physically hold in my hand, without literally throwing my money away down the road.
I mainly stack silver because it's simply a better a deal, but I do own some gold on the side. If the GSR miraculously lowers below 60 to 1, then I'll trade some of my silver (not my entire stack) for some gold... but only if. Nothing is set in stone for me, but also nothing is off the table and it will always be that way for me.
why cant you be a man and stop spending?
Great video! 😃👍
For the record, I buy silver because I can afford it and slowly build up reserve worth. I would love to buy gold and maybe in time I will, but right now it is not feasible.
I think there's a lot of us in this boat. Gold is just so much right now!
The price of gold is very high but that's why I buy a gram,a tenth or a quarter ounce with my silver purchases.
if you can buy 1/10 and 1/4 oz of gold
You might look into 1/10 ounces of gold.
I'm still nowhere near getting just 1oz of gold. Here in New Zealand, it's roughly $3,900 for 1oz depending on the coin. Seems much easier to acquire gold in the US from my perspective.
Love the channel from across the pond! I have a question regarding collectable gold coin sets: I have some 4 and 5 coin sovereign sets from 2002/3/6/8/10 but the quotes I've seen for the sets are at a huge discount to the individual coin values. I hate to break up a genuine set but I could garner 40% more by piecing out the individual coins: What you you do? Maintain the authentic set or piece it out?
you answered your own question. you don't hate making a profit do you?
@@DrSchor I am not looking to break up sets, they are history. If I need to sell I have bullion, but I was curious as to why collector sets garner so little interest
Yeah silver was at 50
For a day or 2 give gold it’s props man it’s been over 2 k since November ish but you do like silver more so I understand your opinion on pushing silver more I mean silver has to go up at some point and hopefully for more then a few days will see
I buy both but more if my monthly budget for metal is going to gold.
We started buying gold in 08 and continued to buy off and on. We started buying it because we figured out that eventually our fiat would be worthless. We are now retired and purchased quite a bit more about 3 years ago because we didn't want all of our money in stocks, bonds, and cds. We have purchased about 450 oz of silver in the last couple of years just because we think we might have to have it for bartering purposes, but it takes up a lot of room and it's heavy so not buying any more. If we decide to buy more precious metals it will be gold again. We don't pay any attention to the silver to gold ratio.
Silver
Both metals are great to stack , it all depends on the amount of fiat money and storage space you have
Impossible to second guess the market (and manipulation)...'hedge your bets'...do both
Also..gold is not at an all time high if you adjust for inflation.
Sound advice!
What’s you opinion of a silver pullback/correction?
I can kick myself I was going to sell all my crypto and go 100% on silver about a week ago. But my greed hoping to score a few more thousand in my crypto bag to maximize my sake while silver was in the $24.75 range cost me dearly.
Fast forward a week after a crypto correction/pullback I’m down about $18k and silver is up almost $2/oz
Not knowing when silver is going to level out I’m tempted to dump my crypto to get it in to silver but being on the edge of a crypto bull run that can blow away any other asset gains I’m thinking to wait it out
Just hard to watch the asset you want to buy climbing greatly after it’s been so stagnant while the asset you want to sell for the asset you want is down almost 20% in a week…
Thanks! Love your vids
I don’t buy to make more currency. I buy because I don’t want to hold currency
i want Gold for my stack!!!! Love the Vids
I almost thought you were going to do an April Fool's video about I'm done with silver and going to stack copper haha
Copper is at $4 a pound. 🤔 4×20 = 3 silver eagles. Sell copper buy eagles. Thanks for the tip 😊
i dont get the joke. please explain
I’m a copper stacker!!!
@@philiplippens2690 this is what i do. strip wire, buy silver.
Look in his past videos on April 1st a couple years back... then maybe you will get the joke
Why are you buying is probably the most important question. I think most of us are in as a hedge against inflation and bank failures - ie to protect our current wealth (meager as it may be). With the changes made to banking rules, it is no longer impossible to see Greece type bank failures in the USA and "bail in's" of client moneys as it is a bank asset and not yours once deposited. Which is safer? Cash sitting in a near zero interest bank account or physical metals sitting in a location you control and can physically access (not a safe deposit box either). I'm stacking a blend of both, but have been taking advantage of flash sales of low premium over spot for silver lately. For instance SD Bullion had a $0.99 over spot one day sale on silver buffalo's and I jumped on it to increase my holdings and dollar cost average. I do need to add more constitutional "junk" silver for potential barter though.
Buy silver/ trade for good when ratios improve. Hold both
Both, but I’m doing about a 75/25 split, with 75% of what I invest going into silver and 25% going into gold
I respect all opinions but if people still think Silver is some sort of investment are fooling themselves and possibly other naive folks.....its a terrible one
Glad to see the market is doing its manipulating well. Government controls the gold price. Why do you think they let it go up? They need something to get people hooked on gold and when the trap slams shut...
Honestly, I'm with Team Silver. It just catches my eye more than Gold
By the end of the week ill have 100oz silver i did get some tubes of fractional silver 1/2oz coins for barter 1/4oz silver premiums bit high, i still get 1/4 gold monthly slow and steady stack stack stack 😊
Build your silver and hope when it goes up trade for gold
I buy 10oz of silver and a 1/4oz of gold every month. Been doing that for two and half years now.
XCLNT game plan . . I have LOTS of Ag . . but I do buy 1/4Au every month .. sometimes I'll skip a month and buy a 1/2oz the following month
The 1/4 gold coins feel too small in hand for me, and I can not afford to buy 1 oz gold coins. So; I buy 1 ounce silver.
@@janicejohnson1334 I’ve done that as well. Like minds…
@@joedoe7839 it all adds up eventually. Keep stacking!
I wanted to focus more on gold this year but it’s hitting all time highs s it’s silver for now
what are you thinking. gold will be even higher next year. no gold for you, ever?
why don't you know: gold is not at an all time high at all. it is even with inflation, that's all. I am worried about you. run to your home, fall upon your knees, and pray to your god that he will give you the wisdom to not screw this up.
With the Silver Ratio running near 90% silver has the highest potential!
I like both metals because they look cool, and they taste good
Gold .. you don't have to worry about buying high becauise it it goes lower you can buy more. With silver you don't know how long will it take to cost average
Simple answer...Both. Each has their place unless you want to carry 1000's of ounces of one (Silver gets heavy as hell fast) or have nothing small to use/trade of the other (Gold is great for holding a LOT of value but not so good for using/spending).
You MUST get silver as cheap as possible if you want to make short term profits. Even cheap silver has 10% premium usually.
Since my stack is 75% (in dollar terms), im getting my gold up a little. Maybe to 50%. But i wont pass up a deal on silver, or pay top dollar for gold. The gold maple leaf i got last week is already 40$ under spot...
Unfortunately 🙃🙂 Fortunately, I am "young" enough to know too much about the differences. I'm tempted to swap for bulk on both. I will always hold my little museum section! ❤😅
Thinking of getting 1g of gold, and probably a few silver.
Both
Both. Mostly gold and platinum going forward though.
You do you, but I don't see much industrial use for platinum, but it is rare.
Banks are buying gold, not silver.. therefore; buy gold!
Storage capacity an issue? They’ve got more funds as well!
Gold hands down. There is a more finite amount of it left, so it has the most potential to increase in value. Also you can stack in much smaller amounts, so its easier to conceal.
Until you can get 2is1 to stack both, then…. I don’t know. 😂 I’m about 10x silver by weight. Which means I’m pretty heavy on gold. But I do like both. I just like gold more. A lot more.
Does Platinum have a place in metals ?
Time to liquidate gold for silver
that's what I've been doing.
Until the ratio goes to 200:1. Not out of the question considering silver is so manipulated
Stupidest comment in here
Do you have a recommended percentage of ones income to invest in gold and/or silver? Thanks.
yes
@@DrSchor tnx
Silver is the poor man’s Gold.
yikes! you totally missed the point about why they are different.
I like silver staying low, it means I don’t pay much more the next time I buy
USD is not going down. In fact it’s riding with metals which is interesting
I try to keep a minimum of One Troy Pound of Gold and Ten Troy Pounds of Silver stacked away for emergency SHTF type situations.
Other than that, I generally prefer to buy Silver, if for no other reason than that it’s much less prohibitively expensive as Gold..
Gold is overpriced compared to silver. At 90 to 1 silver is more affordable and a much better value.
No, silver is underpriced comapred to gold, there is a difference! ;)
Both are usefull
Unfortunately I'm older so trying to stack gold but these all time highs are killing ME!!! I need the stability factor.
why do older people need stability more than younger
@@DrSchor I think all ages need the stability factor. In my particular situation I don't think I have enough time to wait on silver.....if it ever shoots up and I'm better off with gold. A well rounded portfolio is a must for all ages. Younger folks will do better off than me with silver if that's the route they choose to take. Thanks for your comment.
@@silverstormienormie6146 if you need 1/10 1/4 oz of Gold are still good choice's
The big problem we have now is. The dollar is going up and the melts are going up? also oil is going up. This has never happened. Today the dollar is at 105.00 and gold set another record high.
GOLD FOR ME 😊
❤ price gold silver 1/5 in 2030
2:25 - the gold is ⬆️ because the dolar is ⬇️ ?
🤔
In my country ( small country in East Europe) the dolar is not down at all, but the 1 toz. investment gold is with 240€ higher, than the price from May 2023 !
Always both lol 😊
Gold value is correlated very tightly to the U.S. federal debt because when the dollar loses power as a reserve currency, other countries hedge with gold. We are seeing this right now play out as China and many others are buying gold at record amounts. The U.S. debt is on pace to grow by $1T every 100 days right now. You do the math.
cant you do the math for us
I store my wealth in gold. I keep on hand at least 2 gold oz worth of silver for bartering. In a SHTF there will be plenty of silver exchange for gold. Every economy does it with coins, like the clad in your pocket
In the last 14 years, the price of gold has increased by only 20-25% so you are not keeping up with inflation by storing your wealth in gold.
I'm sticking with gold and buying a piece of silver if I REALLY want it. I have no faith in silver; it's the same old song and dance that it's going to the 'moon, ' whatever that is. GOLD GOLD GOLD. I'll go back to silver when it goes below $22 on the pullback. If it doesn't, then I will tuck my tail between my legs and say you were right.
Is it possible that silver prices will increase significantly in the coming years? I'm talking about $100 for an ounce?
Gold.
Gold needs to hit $2500 min
it will.... in about 5 years.
I live in europe íve been looking át the gold chart almost every half hour. Up and Down, up and down. Im gonna get a pamp Fortuna this week its better then having paper. And im getting 7 walking Liberty halves too😁 everytime i take out money from the ATM. I. Look at the paper with hate. Our money is loosing its value fast
loosing? what is that?
Gold just hit an all time high today as Silver STILL remains stagnant. So much for the theory that the silver market follows gold.
i pity the fool who gets his theories from youtube