Happy New Year! Personally I'd rather it dip slightly to keep accumulating - especially when the total cost is spot + premium + VAT in the UK. Still, you can't always get what you want but have to work with what you get.
Being American and able to buy silver relatively cheap compared to gold, and fiat currency so unpredictable I have slowly built up a respectable amount of silver and just a little tiny bit of gold and platinum which are up a little from when i bought it. Silver is still a loss, even trying to cost average, I bought the bulk of my stack when the price was trending down and in the low $20.00 range, and all the way down to the lows , but was also forced to sell at the lows taking a significant loss and later traded my gold for silver as income and emergencies happen when you least expect, and rather than take on debt which I worked my life away to erase I chose to sell my silver. This was a mistake and the loss was only a few thousand dollars 3 - 4 paying the debt with credit would have been much easier than replacing the silver. All that said, I agree with you in your situation, but I don't believe the fake paper pricing of metals will last forever and the fundamentals will have some say! For example silver is suppressed and housing in a bubble, the ratios between silver and gold are way out of whack compared to supply and demand, the ratio held above ground , and in the ground are not close to the price, and the banks that devised this scheme need to be bailed out yet again! Now gold is money again, silver is not, and I mean clean money with no debt or credit involved! I believe no matter what that with time the price ratio will tighten as the market is so tiny that if every person on earth were to but one tenth ounce of silver, it would be not for sale! If people wish to remain slaves to the paper ponzi scheme and say the hell with free markets and sound money , lets just keep having unending war and eventually no freedoms to support the elite who do as they please with our blood sweat and tears, then keep starving and supporting them so you can look up to them while you starve even with a job. Gold and silver are their money, and if you can get some and save it, even 1 ounce, it's money forever and anywhere! The banks have , with the corporations and governments taken over the world and will keep it by force, as this paper was just a tool for unlimited wealth and asset acquiring, which created the money and leveraged it all in one transaction. As bubbles pop, and real market values come, you may get your house for barter and a title for the land clean and free. Everyone assumes we need big banks, we don;t , and would be a much better world without them, and humanity would thrive! Maybe I'll trade some silver for gold some day if there is ever a free market, but unless people stand up and be counted and suffer a bit, until they learn they need each other, and not despot rulers to steal their lives away! A ounce of gold or silver is worth whatever you can trade it for!
I just read an article saying that in Germany they are running out of precious metals. It was from a Coin shop owner saying he’s now seeing 200 customers per day as compared to 10 a month ago. FOMO has started ! The Fear Of Missing Out is spreading through out the 🌎.
So you must know (after reading that article) the reason for the ressent rush for gold in Germany...I'm Français ;) and here in the glorious and proud European community "they" don't want us (common people) to possess precious metals, for diferent reasons it would be too long to explane, but, anyway,until the 10th of january it was legal for german people to buy a maximum of 10.000 euros in gold in cash without showing an I.D, since the 10th they can only buy for 2.000 euros...Here in France we can't even afford guying a single ounce of gold OR silver in cash,and we must show an I.D and it's recorded!!! Welcome to the E.U...!
Silver and gold boom, if any, will be the result of devaluation of the fiat currencies. Be careful with your wishes, a $50 silver/oz sounds good, and may occur, but if it is the result of halving the value of a dollar it would be catastrophic. I never buy metals with the thinking 'hope the price goes up'. I buy metal as a means to shelter wealth outside of fiat currency based investments, not as an investment that needs to see price increases to maintain its viability.
I agree, not going to be because of a mass run to the metals themselves, it will be because of uncertainty and recession if it does happen - which fuels and powers the devaluation of currency.
I totally agree with backyard bullion; gold and silver is NOT the place to be if you want to make money, just a means to ensure to never go completely broke.
Happy New Year ! I fully understand (and agree with) your reasoning plus well explained ! I'm just going to keep on with my freshly started silver stack, each month a purchase on a specified budget, mainly for wealth preservation and not an investment in regards to a supposed skyrocketing silver price. Planning to pick up every four months a small gold coin instead and see what the prices of the precious metals will do. I'm also thinking of getting shares of precious metals exploiting companies, just small scale. I'm just your average working person with a "medium" income and I hope the price of Silver doesn't explode just yet because I need some more stacking to do, just like many others out there :) Cheers !
I have an in-law who through injury at work may very soon get a settlement for about £160k. I have advised him that in the current financial climate, he should use some of his settlement to acquire 200 sovereigns. My reasoning being that if he had to liquidate 1 per month to top up any other income it would last him over 16 years. This would cost about £56k and it would fit in a large kitchen match box. I have suggest he check out that bail in where the banks stole half of every depositors savings and all that third party risks entails. That's about a 30% hedge. I would be interested in your opinion and anybody else that has a view.
Hard to say what is the right course of action my friend. Personally I would have some of it put away for the long term future, bricks and mortar are always good.
Honestly, www.thesilverforum.com or even eBay - you can get good prices, fast sales if you have a good seller profile. Otherwise you are at the whims of a dealer and they will not pay you very much at all.
Happy new year mr and mrs byb! After taking time off from all things silver and UA-cam I've came back with I different mind set and im still going to buy silver but im very interested in diversifying and getting more gold I think its important. Like you say not in it for making millions but hoping for a good pension pot
@GazB85 Maybe but I think this might be the decade of graphene. Costs are going down and the Tech to manufacture it is Improving. So Silver might have a competitor relatively soon.
@Gaz Actually it’s been almost completely static over the last 4-5 years. Can’t really see any reason why this would change, if anything there is probably a bigger chance of a slight decline due to the Chinese manufacturing slowdown gathering pace.
I'm buying gold coins for their bullion value at the moment, so mainly sovereigns, half sovereigns, francs etc. I'm still buying some 'collector' silver coins, but I'm not stacking silver at the moment....
I say 99.9% certainty is a high percentage, I think more like 65% no 35% yes the fact that gold and silver has sustained higher prices for a couple months and didn't just slump back down shows there's new demand which is most likely from institutions, hedge funds, mutual funds being that these are the players that move price where as retail buyers like us are feather weight compared to them, this seems indicative of a new bull market.
I cannot see how the world and the powers that be would let this kind of explosion happen. This is why I am so sure that it will never happen and if it did, they would stop it.
Backyard Bullion we must remember the powers that be use the booms and busts just to acquire more wealth as the majority doesn’t stack real assets like gold and silver, all markets are cyclical. Here in the u.s the stock market is being propped up by the plunge protection team but our repo markets are worrying. If they ever decide to pull the plug on capital injection into our markets then metals would shoot the moon, secondly I dont see much they can do as the us’s solutions is to just keep printing which will eventually turn into inflation and confidence in the dollar to decline. Now I’m not saying $10k gold but $2k is very likely aswell as a $30 to $40 silver. I am a technical and fundamental analyst although as you said no one can make predictions with 100% certainty so even myself with close to a decade of experience doesn’t really know.
I'm personally waiting to buy precious metals when silver dips below $8 and gold goes below $700. Paying $1500 for an oz of gold when the global economy is stronger than its ever been makes no sense. The place to put your money is in stocks right now , not pm's.
Random Stranger On The Internet, I don’t care, I have my own reasons and problems. Everyone is happy silver won’t go up but I’m not. Now leave me alone.
I invest in the market to make $$$. I purchase gold and silver to preserve my wealth and as an insurance policy in case of a major economic downturn. Gold and silver will continue to be approximately 10% of my overall portfolio. They historically track inflation while the dollar looses buying power every year due to inflation. Never put all of your eggs in one basket.
I think platinum has the most potential for going up in value i remember when i read somewhere how palladium was going to go through the roof an much to my amazement it did but i dont have to much to invest but a little 100g bar will be what i am going to purchase next esp if u look at the of it in i think 2008 an 2013 it defo has potential ...onwards an upwards...an a happy new year to all 😎
It seems Mr BYB we are almost mirror imaging on our strategy, Though I have traded out silver for platinum QBs. Do you think that the Royal mint will complete the 10oz silver and 1oz platinum if they think that much higher metal prices might resist volume uptake? We have 2 more of each lagging behind the 2oz silver and gold versions.
I think the RM will continue to pump them out to match demand from the market. It might mean some of the latter issues have lower runs than others, but personally I cannot see it being much lower. People love this series and want to complete it.
If you look at the debt clock, and view the dollar to silver ratio on both gold and silver, you will also see where the value will reflect once this Ponzi scheme fiat nightmare is over. And even then it’s still numismatically cheap. 😊
Shoot the moon ? No... but silver is an under valued asset and could see a multiple jump at some point...and 30 40 50 or higher silver will not change the way anyone works and lives except a small group of stackers. Silvers turn will come but may not be 2020. In the meantime diversity in all assets is a must as no one has a crystal ball.
I have and love all those 10oz silver coins. I would love to have another of those valiant. I so much prefer the 2018 rather than the 2019. They seem so be all squirreled away.
Very true, but there are a lot of reserves that are as yet not financially viable to mine, one day they will be. Supply will last us a very long time I think.
I don't think you're right to suggest that metals are strictly functions of prices. That doesn't hold true for the last half century. When Nixon closed the gold window 50 years ago, gold went to $35. A slice of pizza at that time was $.35. Today, a slice of pizza might be, what, $2.50? If you're in New York. But gold is $1,500. We went from a 100-1 pizza to gold ratio up to 600-1. I think it's worth noting that gold is kept artificially low using paper trading. The amount of gold liabilities in the world really beats down on its value. Poland asked for a lot of their gold back from London a month or so ago. And while this does not represent a change in ownership, it does reflect the beginning of a change in paradigm. We've already seen foreign central banks divest themselves of their Treasury reserves this past year. And they're going back into gold. I don't think this necessarily needs to reflect a meltdown of our economy, however. And this is speaking as someone who does reasonably expect such a meltdown in the next ten yesrs.
Yep, you make good points but you should factor in that the ingredients for a pizza and the costs to make it have been made much more accessible at lower prices, so the maths might not be exactly the same. But I agree, things change over time. Thanks for sharing your thoughts on the matter!
I do like those buffalo coins, I have great empathy for these animals and the first nations who were cheated out of their lifestyle and enslaved with an impoverishing alternative..
I think silver is undervalued relative to gold, for sure. But how much impact that will have going forward, I don't know. My goal is to have a liquid asset at the other end when I reach retirement. I dont want to have 10,000 oz of silver that I have a hard time shipping off to customers or finding buyers for. Gold has always been and will always be more liquid than silver. That is what is important to me.
Yeah I agree, I have a lot of silver and gold at present, and yes I would prefer more gold on the other side of this reset to purchase under valued assets, or to fund pension etc, but silver is WAY undervalued, and when the manipulation ceases it will shoot the moon and reach its full potential. If you hold on to a spring long enough, you eventually have to let it go. When you do, we all know where the spring goes Keep up the good work ByB, I do watch your channel a lot, so just adding my 2pence in 😊
You realize that is just keeping up with inflation and the minimum wage is way far behind than whah it should if everything was held into the same proportions as 50 years ago?
Pretty sure you're overestimating the impact of an impeachment trial. Brexit should be interesting on your end, but I'd bet things aren't going to crash on either side of the pond. Now I still advocate a diverse "End of the world as we know it" stockpile, that should include both silver and gold. (alcohol is another good trade item, as is ammunition "where legal") And silver is an easy way for people to start "saving" in a manor that is harder to "just spend" on impulse. I'm undecided if I'm going to continue to increase silver stock past 100 ounces but I've heard several personal accounts of people in Venezuela state that their personal silver cache has held them over for several years as an ounce of silver will buy several weeks worth of calories in food. (I have no way of verifying this personally, but it didn't seem to be bragging) That all said, I do enjoy an alternative perspectives and your videos seem to be well thought out and informative. Thanks for the effort you put into them.
Thanks - I think the impeachment trial will have minimal impact, but impact none the less. I appreciate your well rounded response, you make great points and were adult about it - plenty of room for different perspectives in this world and you would be surprised how many people just shout at you for having a different opinion! Have a great day and thanks for stopping by!
It will....because for 1000/oz silver to exist it means the currency has gone to shit. So you £20 costing meal out would cost you £1000 instead because the currency has deflated so much.
@@BackyardBullion market rigging!? The new space industry's needing silver!? Silver not being as plentiful as is commonly believed!? There's many perspectives as you say
The historical silver ratio is meaningless as an indicator of value. Hundreds of years ago Silver was mistakenly thought to be far rarer than what we now know it to be, it’s value (in real terms) has consistently declined since then as new finds were discovered and our understanding of the earth has improved, allowing us to more accurately appraise it’s scarcity (or rather lack there of) in comparison to gold.
In regards to Trump being in power during a good economy; it’s typically due to the last administration’s policies. He’s rolled back many regulations, which in turn has also been good for the economy. We will see what happens in his next term. I feel he’s not worth the risk of his mouth for a good economy. A rich country is useless in a nuclear war.
Well, I would tend to agree with you - these big changes often have lag as they work their way out to society. Everyone has their own opinions about Trump, I don't want any arguments about policies, but as I said in the video the one thing he definitely is good at is being devicive
Backyard Bullion indeed, that’s true. At this point in the U.S., I’m not sure any president wouldn’t be divisive. Thanks for the video BYB! Happy new year!
buffalo bullion...thank you, I needed a good laugh! The previous administration as in $4 gallons of gas, massive job loss, home foreclosures & homelessness which people are still climbing out of? Hate Trump all you want & keep believing the msm propaganda but without him, it would be more of the status quo in the USA.
Happy New Year! Personally I'd rather it dip slightly to keep accumulating - especially when the total cost is spot + premium + VAT in the UK. Still, you can't always get what you want but have to work with what you get.
Snap
It would be nice for it to go down again and give us all an opportunity to buy more metal! Especially as you say, for us in the UK.
Plus delivery
@@artur7301 Yep, another thorn in the behind.
Being American and able to buy silver relatively cheap compared to gold, and fiat currency so unpredictable I have slowly built up a respectable amount of silver and just a little tiny bit of gold and platinum which are up a little from when i bought it. Silver is still a loss, even trying to cost average, I bought the bulk of my stack when the price was trending down and in the low $20.00 range, and all the way down to the lows , but was also forced to sell at the lows taking a significant loss and later traded my gold for silver as income and emergencies happen when you least expect, and rather than take on debt which I worked my life away to erase I chose to sell my silver. This was a mistake and the loss was only a few thousand dollars 3 - 4 paying the debt with credit would have been much easier than replacing the silver.
All that said, I agree with you in your situation, but I don't believe the fake paper pricing of metals will last forever and the fundamentals will have some say! For example silver is suppressed and housing in a bubble, the ratios between silver and gold are way out of whack compared to supply and demand, the ratio held above ground , and in the ground are not close to the price, and the banks that devised this scheme need to be bailed out yet again! Now gold is money again, silver is not, and I mean clean money with no debt or credit involved! I believe no matter what that with time the price ratio will tighten as the market is so tiny that if every person on earth were to but one tenth ounce of silver, it would be not for sale! If people wish to remain slaves to the paper ponzi scheme and say the hell with free markets and sound money , lets just keep having unending war and eventually no freedoms to support the elite who do as they please with our blood sweat and tears, then keep starving and supporting them so you can look up to them while you starve even with a job. Gold and silver are their money, and if you can get some and save it, even 1 ounce, it's money forever and anywhere! The banks have , with the corporations and governments taken over the world and will keep it by force, as this paper was just a tool for unlimited wealth and asset acquiring, which created the money and leveraged it all in one transaction. As bubbles pop, and real market values come, you may get your house for barter and a title for the land clean and free. Everyone assumes we need big banks, we don;t , and would be a much better world without them, and humanity would thrive!
Maybe I'll trade some silver for gold some day if there is ever a free market, but unless people stand up and be counted and suffer a bit, until they learn they need each other, and not despot rulers to steal their lives away! A ounce of gold or silver is worth whatever you can trade it for!
I just read an article saying that in Germany they are running out of precious metals. It was from a Coin shop owner saying he’s now seeing 200 customers per day as compared to 10 a month ago. FOMO has started ! The Fear Of Missing Out is spreading through out the 🌎.
Interesting, could well be the Fear of missing out!
So you must know (after reading that article) the reason for the ressent rush for gold in Germany...I'm Français ;) and here in the glorious and proud European community "they" don't want us (common people) to possess precious metals, for diferent reasons it would be too long to explane, but, anyway,until the 10th of january it was legal for german people to buy a maximum of 10.000 euros in gold in cash without showing an I.D, since the 10th they can only buy for 2.000 euros...Here in France we can't even afford guying a single ounce of gold OR silver in cash,and we must show an I.D and it's recorded!!! Welcome to the E.U...!
Silver and gold boom, if any, will be the result of devaluation of the fiat currencies. Be careful with your wishes, a $50 silver/oz sounds good, and may occur, but if it is the result of halving the value of a dollar it would be catastrophic. I never buy metals with the thinking 'hope the price goes up'. I buy metal as a means to shelter wealth outside of fiat currency based investments, not as an investment that needs to see price increases to maintain its viability.
I agree, not going to be because of a mass run to the metals themselves, it will be because of uncertainty and recession if it does happen - which fuels and powers the devaluation of currency.
Another reason for silver to increase price is a shortage of silver
I totally agree with backyard bullion; gold and silver is NOT the place to be if you want to make money, just a means to ensure to never go completely broke.
I stack to preserve wealth as a hedge against the weakening U.S dollar.
Happy New Year ! I fully understand (and agree with) your reasoning plus well explained ! I'm just going to keep on with my freshly started silver stack, each month a purchase on a specified budget, mainly for wealth preservation and not an investment in regards to a supposed skyrocketing silver price. Planning to pick up every four months a small gold coin instead and see what the prices of the precious metals will do. I'm also thinking of getting shares of precious metals exploiting companies, just small scale. I'm just your average working person with a "medium" income and I hope the price of Silver doesn't explode just yet because I need some more stacking to do, just like many others out there :) Cheers !
Thank you and a very happy new year to you!
It only takes one major failure to make metals explode - it will be bad for all those who do not prepare.
l jessel imho pm would not explode. Fiat currencies would implode.
@@AustrianStacker That is correct but the differential does not know - the separation begins.
I'm with Austrian Stacker, no explosion but the link to Fiat has never been more important
The USA is not on the brink of Civil war.
@@AustrianStacker If everything goes terribly with an economy, even maintaining a neutral position should be seen as positive.
I have an in-law who through injury at work may very soon get a settlement for about £160k. I have advised him that in the current financial climate, he should use some of his settlement to acquire 200 sovereigns. My reasoning being that if he had to liquidate 1 per month to top up any other income it would last him over 16 years. This would cost about £56k and it would fit in a large kitchen match box. I have suggest he check out that bail in where the banks stole half of every depositors savings and all that third party risks entails. That's about a 30% hedge. I would be interested in your opinion and anybody else that has a view.
Hard to say what is the right course of action my friend. Personally I would have some of it put away for the long term future, bricks and mortar are always good.
@@BackyardBullionHe has got his own property, which incidentally is my 20oz plan in event of a reset.
Great insight and discussion BYB!
Thanks my friend!
It’s just insurance for me, so it staying low is advantageous.
Yeah, for me too - but whether it will will be uncertain!
Thanks for your honest and unbiased opinion on metals...
My pleasure
Where is the best place to sell your silver?
Honestly, www.thesilverforum.com or even eBay - you can get good prices, fast sales if you have a good seller profile. Otherwise you are at the whims of a dealer and they will not pay you very much at all.
HAPPY NEW YEAR backyard bullion!! 2020 is going to be Great again👍👍 I wish for us all a healthy, wealthy and Peaceful New Decade.😁😁🍻
Same to you my friend, thanks for stopping by and commenting!
Happy new year mr and mrs byb!
After taking time off from all things silver and UA-cam I've came back with I different mind set and im still going to buy silver but im very interested in diversifying and getting more gold I think its important. Like you say not in it for making millions but hoping for a good pension pot
Welcome back to UA-cam my friend!
I’m very curious how the industrial demand will be over the next decade for silver.
@GazB85 Maybe but I think this might be the decade of graphene. Costs are going down and the Tech to manufacture it is Improving. So Silver might have a competitor relatively soon.
@Gaz
Actually it’s been almost completely static over the last 4-5 years. Can’t really see any reason why this would change, if anything there is probably a bigger chance of a slight decline due to the Chinese manufacturing slowdown gathering pace.
I would expect it to decline slowing over time as we develop new materials and technology that does not need silver.
So gold is a far better PM to invest in than silver in the long term?
Great video mate weather it goes up or down i am keeping mine ,love the gold Buffalo coin
Love me this buffalo too. Thanks for stopping by!
I'm actually hoping gold takes a good dip back down, it broke $2000 CAD dollars today again.
Would love to accumulate more on a dip 🤞
It would be nice if it dropped, thats for sure.
Just like the stock market - buy the dips.
I'm buying gold coins for their bullion value at the moment, so mainly sovereigns, half sovereigns, francs etc. I'm still buying some 'collector' silver coins, but I'm not stacking silver at the moment....
Sounds like we have similar strategies right now. Interesting times ahead for sure.
@@BackyardBullion Exactly where I am as well.
And me
The best you can hope for is a narrowing of silver to gold ratio so you can trade your silver in for gold. Gold is not as manipulated as silver. ;-)
Wishing you and your family a very prosperous new year :-)
Same to you my friend!
I say 99.9% certainty is a high percentage, I think more like 65% no 35% yes the fact that gold and silver has sustained higher prices for a couple months and didn't just slump back down shows there's new demand which is most likely from institutions, hedge funds, mutual funds being that these are the players that move price where as retail buyers like us are feather weight compared to them, this seems indicative of a new bull market.
I cannot see how the world and the powers that be would let this kind of explosion happen. This is why I am so sure that it will never happen and if it did, they would stop it.
Backyard Bullion we must remember the powers that be use the booms and busts just to acquire more wealth as the majority doesn’t stack real assets like gold and silver, all markets are cyclical. Here in the u.s the stock market is being propped up by the plunge protection team but our repo markets are worrying. If they ever decide to pull the plug on capital injection into our markets then metals would shoot the moon, secondly I dont see much they can do as the us’s solutions is to just keep printing which will eventually turn into inflation and confidence in the dollar to decline. Now I’m not saying $10k gold but $2k is very likely aswell as a $30 to $40 silver. I am a technical and fundamental analyst although as you said no one can make predictions with 100% certainty so even myself with close to a decade of experience doesn’t really know.
A very interesting ramble for the new year a head, Thanks..
Thanks my friend!
happy new year awesome coins you have and its true you say its just an insurance holding silver or gold
Thanks very much, happy new year to you too!
I'm personally waiting to buy precious metals when silver dips below $8 and gold goes below $700. Paying $1500 for an oz of gold when the global economy is stronger than its ever been makes no sense. The place to put your money is in stocks right now , not pm's.
We should buy the most expensive metal when it was cheap
Totally agree.
Where do you buy the silver you use for casting? Thanks
I buy from www.europeanmint.com
I’m really disappointed that silver didn’t go up earlier, I’m still waiting.
Its on its way up, just not to the moon!
Oh come on, silver will never go up, never!
@@KevinKurzsartdisplay it's gone up this last few days ....
Yea so, it won’t change anything at all. It hardly matters anyway because I kinda got used to my mortgage problem
Random Stranger On The Internet, I don’t care, I have my own reasons and problems. Everyone is happy silver won’t go up but I’m not. Now leave me alone.
Happy New Year! 🍄🐷🍀
Same to you!
I invest in the market to make $$$. I purchase gold and silver to preserve my wealth and as an insurance policy in case of a major economic downturn. Gold and silver will continue to be approximately 10% of my overall portfolio. They historically track inflation while the dollar looses buying power every year due to inflation. Never put all of your eggs in one basket.
any thoughts on gold rust spots
Good thoughts and beautiful coins 😍😍
Thanks and I love these coins!
I think platinum has the most potential for going up in value i remember when i read somewhere how palladium was going to go through the roof an much to my amazement it did but i dont have to much to invest but a little 100g bar will be what i am going to purchase next esp if u look at the of it in i think 2008 an 2013 it defo has potential ...onwards an upwards...an a happy new year to all 😎
It may not be a total collapse but let me tell you I have a bad feeling that it's going to be a recession - depression not rivaled since the 1920s
I think there could be a bit of a downturn ahead for sure.
Well said brother
Thanks, glad you agree!
I see it going down to 15$ for a little while, the last chance to buy before a collapse
I cannot see a collapse happening any time soon. I would like it to go down though so I can accumulate more!
Backyard Bullion, hopefully it never happens. But the current state of affairs is not so bright
@@artur7301 I agree with backyard bullion, a collapse will NOT happen. Trump even said so.
@@BackyardBullion I agree 100%
It seems Mr BYB we are almost mirror imaging on our strategy, Though I have traded out silver for platinum QBs.
Do you think that the Royal mint will complete the 10oz silver and 1oz platinum if they think that much higher metal prices might resist volume uptake? We have 2 more of each lagging behind the 2oz silver and gold versions.
I think the RM will continue to pump them out to match demand from the market. It might mean some of the latter issues have lower runs than others, but personally I cannot see it being much lower. People love this series and want to complete it.
What's the silver coin in the middle? I'm really intrigued by it
no other place for metals to go but up
They could go down too - but more likely up!
If you look at the debt clock, and view the dollar to silver ratio on both gold and silver, you will also see where the value will reflect once this Ponzi scheme fiat nightmare is over. And even then it’s still numismatically cheap. 😊
Yes, I am aware of the debt clock and also the ratios. But I cannot see things changing any time soon.
happy new year evreyone!
Same to you!
Lovely lookin' gold coins!
They are indeed!
Lets have 2020 see that horrendous gap in PM's close a bunch this year bud. By 19, It was fun and hello to 20. Onward !
Yes indeed, a happy and prosperous 2020 to you my friend!
as soon as silver goes below 16.50 again i will buy. Just stay patient
Fingers crossed that will happen soon!
Shoot the moon ? No... but silver is an under valued asset and could see a multiple jump at some point...and 30 40 50 or higher silver will not change the way anyone works and lives except a small group of stackers. Silvers turn will come but may not be 2020. In the meantime diversity in all assets is a must as no one has a crystal ball.
As BYB stated, silver is NOT something you buy expecting to make money, just something you own to ensure you never go completely broke!
I have and love all those 10oz silver coins. I would love to have another of those valiant. I so much prefer the 2018 rather than the 2019. They seem so be all squirreled away.
They are awesome these 10 oz valiants!
Joined the silver forum just wondering if your planning on doing another group order at any point this year
Maybe in February, we will update when we know for sure.
Ok, I had to start this year off right 10x 1/10oz Aus. Kookaburra Gold CoinHappy New year
A great way to start the year!
Now you listen Mister, silver will never go up, I always knew it! I wish😔
great video.
Thanks my friend, appreciate you stopping by and commenting!
What do you think about platina/White gold. rate is low I believe.
Yep, Platinum looks cheap right now, has for a while though so not sure where it will go over time.
@@BackyardBullion tank you for the quick response 👍
Hope it stays low I want finish of my monster Brit box
Would be a sight to behold if you do get to finish it!
we live on an finite planet people always forget this when its gone its gone
Very true, but there are a lot of reserves that are as yet not financially viable to mine, one day they will be. Supply will last us a very long time I think.
I don't think you're right to suggest that metals are strictly functions of prices. That doesn't hold true for the last half century. When Nixon closed the gold window 50 years ago, gold went to $35. A slice of pizza at that time was $.35. Today, a slice of pizza might be, what, $2.50? If you're in New York. But gold is $1,500. We went from a 100-1 pizza to gold ratio up to 600-1. I think it's worth noting that gold is kept artificially low using paper trading. The amount of gold liabilities in the world really beats down on its value. Poland asked for a lot of their gold back from London a month or so ago. And while this does not represent a change in ownership, it does reflect the beginning of a change in paradigm. We've already seen foreign central banks divest themselves of their Treasury reserves this past year. And they're going back into gold. I don't think this necessarily needs to reflect a meltdown of our economy, however. And this is speaking as someone who does reasonably expect such a meltdown in the next ten yesrs.
Yep, you make good points but you should factor in that the ingredients for a pizza and the costs to make it have been made much more accessible at lower prices, so the maths might not be exactly the same. But I agree, things change over time. Thanks for sharing your thoughts on the matter!
I do like those buffalo coins, I have great empathy for these animals and the first nations who were cheated out of their lifestyle and enslaved with an impoverishing alternative..
The buffalo was one my wish list for a long time, so happy I got one!
do you see that there is a war on in money? all gold production last year went to 3 customers. Are you familiar with the game musical chairs?
Its an interesting game for sure - we will have to see how it all pans out - what can we do as individuals watching? Nothing .
More research needs to be done and you will see why silver will portray its true value, which is not the price it is now
I think silver is undervalued relative to gold, for sure. But how much impact that will have going forward, I don't know. My goal is to have a liquid asset at the other end when I reach retirement. I dont want to have 10,000 oz of silver that I have a hard time shipping off to customers or finding buyers for. Gold has always been and will always be more liquid than silver. That is what is important to me.
Yeah I agree, I have a lot of silver and gold at present, and yes I would prefer more gold on the other side of this reset to purchase under valued assets, or to fund pension etc, but silver is WAY undervalued, and when the manipulation ceases it will shoot the moon and reach its full potential. If you hold on to a spring long enough, you eventually have to let it go. When you do, we all know where the spring goes
Keep up the good work ByB, I do watch your channel a lot, so just adding my 2pence in 😊
Gold and silver are not good investments...
Until they are. Just as car insurance is a money pit until you need it.
Well said, just like an insurance policy!
Min wage rose to 12 an hour here. It's coming
We shall see, I am yet to be convinced any great collapse is coming.
You realize that is just keeping up with inflation and the minimum wage is way far behind than whah it should if everything was held into the same proportions as 50 years ago?
@@dirtyxbl do you realize you sound like a fool?
STIR FRY I’m a fool because I understand basic economics? Stay uneducated I guess.
Good luck selling silver.
I sell it all the time, its easy
Very very nice 👀👍👍👍🎄
For sure not for me inn Norway and Nkr when $ dropping down like it does now
Difficult one when currencies go up and down to know what to do.
Pretty sure you're overestimating the impact of an impeachment trial. Brexit should be interesting on your end, but I'd bet things aren't going to crash on either side of the pond.
Now I still advocate a diverse "End of the world as we know it" stockpile, that should include both silver and gold. (alcohol is another good trade item, as is ammunition "where legal")
And silver is an easy way for people to start "saving" in a manor that is harder to "just spend" on impulse.
I'm undecided if I'm going to continue to increase silver stock past 100 ounces but I've heard several personal accounts of people in Venezuela state that their personal silver cache has held them over for several years as an ounce of silver will buy several weeks worth of calories in food. (I have no way of verifying this personally, but it didn't seem to be bragging)
That all said, I do enjoy an alternative perspectives and your videos seem to be well thought out and informative. Thanks for the effort you put into them.
Thanks - I think the impeachment trial will have minimal impact, but impact none the less. I appreciate your well rounded response, you make great points and were adult about it - plenty of room for different perspectives in this world and you would be surprised how many people just shout at you for having a different opinion! Have a great day and thanks for stopping by!
"An ounce of silver would buy you the same amount of stuff at 1000 an ounce and 18 an ounce" 🙄
It will....because for 1000/oz silver to exist it means the currency has gone to shit. So you £20 costing meal out would cost you £1000 instead because the currency has deflated so much.
@@BackyardBullion market rigging!? The new space industry's needing silver!? Silver not being as plentiful as is commonly believed!? There's many perspectives as you say
@@bubbasmoleyay9799 totally, nobody knows the future use of silver, technology might find a new material that does it better, then silver dies.
@@BackyardBullion you're seriously pessimistic 🤣
Just curious if your aware of the gold/silver ratio? Historically high now. Buy silver man
I am well aware. Silver is impractical for large drawn out budgeting. That and I see gold as a much more liquid asset for the future.
The historical silver ratio is meaningless as an indicator of value. Hundreds of years ago Silver was mistakenly thought to be far rarer than what we now know it to be, it’s value (in real terms) has consistently declined since then as new finds were discovered and our understanding of the earth has improved, allowing us to more accurately appraise it’s scarcity (or rather lack there of) in comparison to gold.
Shane you are bang on, thanks for sharing.
Ты моё видео украл?!
Love 10oz
Especially the queens beasts in 10 oz, they are awesome!
Really enjoying your videos and content as I love silver and silver coins have put a video on my UA-cam would love your feedback to see what you think
Thanks my friend, just had a peek, lovely stuff!
And then there was Corona 😳
Happy new yar susese 🎁🍀
Super like 👍👍👍
Thanks, same to you too!
now more trouble with iran
Yep, its going to be an interesting year!
@@BackyardBullion if the shit hits the fan i think there will be more too worry about other than our gold and silver
Lol....they say this every year...gee....again
Yep, same old story
In regards to Trump being in power during a good economy; it’s typically due to the last administration’s policies. He’s rolled back many regulations, which in turn has also been good for the economy. We will see what happens in his next term. I feel he’s not worth the risk of his mouth for a good economy. A rich country is useless in a nuclear war.
Well, I would tend to agree with you - these big changes often have lag as they work their way out to society. Everyone has their own opinions about Trump, I don't want any arguments about policies, but as I said in the video the one thing he definitely is good at is being devicive
Backyard Bullion indeed, that’s true. At this point in the U.S., I’m not sure any president wouldn’t be divisive. Thanks for the video BYB! Happy new year!
Same to you buddy!
buffalo bullion...thank you, I needed a good laugh! The previous administration as in $4 gallons of gas, massive job loss, home foreclosures & homelessness which people are still climbing out of? Hate Trump all you want & keep believing the msm propaganda but without him, it would be more of the status quo in the USA.
Silver and gold by julius cezar vas 2silver to 1gold history repeats itself
Not going to get to 2:1 again - or even 8:1 - I suspect it would never get to 30:1 again. They world has changed too much