I love those proof buffaloes! I buy silver for one big reason. Divisibility. It allows me to exit the fiat system while also seeing some modest gains in a divisible format. I'll always be able to buy a meal with one ounce of silver. But gold is still king. I stack Gold for long term wealth growth.
I agree to a point , but saying just because gold is more rare than silver may not always be why it's valued more. Take platinum for example, it's much rarer than gold but gold is now valued higher than platinum. So you never know about silver.
@@michaelmohrle1773 _Yes, but given the fact that the BRICS nations are going back to gold, itโs going to force gold all over the world to skyrocket_
@@MINDSPARK-u6e For sure but I recently saw that Russia has been accumulating silver in large amounts as well, maybe for solar but maybe also in anticipation of a big increase in value.
@@michaelmohrle1773 _The U.S. Geological Survey estimates that there are roughly 1.74 million metric tons of silver that have been mined globally, and an estimated 560,000 metric tons remaining below ground._ _244,000 metric tons of gold has been discovered, with 187,000 metric tons produced historically and 57,000 metric tons remaining in underground reserves._
@@Theok93 _hahahahaha ๐๐๐๐๐ you should watch my next video about us going back to the gold standard, which is planned to happen under the Trump administration_
@@Theok93 _Which is the reason why gold will skyrocket also given the fact that the BRICS nations are going to the gold and pushing off of the Fiat currency dollar_
@@Theok93 there is enough gold to cover it easy with the wave of the pen just like 1933 you will wake up to gold being revalued to cover it most likely a massive currency re-issue to new gold backed paper making all the paper now worthless, military did this many times in ww2 and Korea they would print special money so if the enemy got it from our troops they could keep them from using it on the marketโฆTrump just needs to do it force this country back to real money at last look we are now paying 2 million bucks an hour on the Intrest for the debt I donโt see how we get out, half the country doesnโt pay taxes soooooooo either force the rest of the freeloaders to pay there fair share oooooooor boom gold is now 100k per ounce what do you think the politicians will do?
For gold to gain 50% itd have to smash its all time high. For silver to gain 50% its still under its all time high. More potential for profit for the average persons in silver
The 1000 pound gorilla in the room is JP Morgan manipulating the silver price with paper contracts. A whole years worth of physical silver supply can be traded in a day that doesn't even exist.
Iโve kept this to myselfโฆ..But every โDebt free screamโ could be added up and attributed to Dave Ramsey and his teachings, which are what? Pay the lenders๐ฅโmight be smart to platform Dave โ- Billionaires
Plot twist: Silver becomes more valuable than gold. There is more above ground gold than silver as silver has been spent in industry. You kind of sound like an ass to be honest.
_you do understand that every other metal apart from gold naturally comes from the Earth and is naturally produced by the Earth do you have any idea where gold actually comes from? Itโs not naturally produced by the Earth, think about it_
@@MINDSPARK-u6e Yes gold comes from exploding stars. But you seem to miss that throughout human history most of this gold has only been accumulated not spent in industry. By some accounts there is 7x more gold than silver above ground. So why should gold be worth more than silver when there is less silver above ground and silver is used in many more items than gold. I still do own both for various reasons but rarity for gold is not one of them.
@mysterybuyer3738 _Oh, I see, weโre really going to pretend like silver is somehow on par with gold, are we? Well, letโs break this down numerically, just for kicks. The U.S. has a whopping 23,000 metric tons of silver reserves, pumping out 1,000 metric tons in 2023 alone. Impressive, right? Except for the fact that no one cares. Meanwhile, the United States has 8,133.5 metric tons of gold sitting pretty in its vaults, gleaming with the confidence of being the most coveted metal on the planet-because it is._ _And in case you missed it, only 170 metric tons of gold were produced in 2023, down 9% from 2022, probably because itโs literally getting harder to find. But sure, tell me again how silver, with its oh-so-bountiful supply, is going to suddenly dethrone gold, the metal that 99.9% of the world desires like their last breath. Because apparently, in some alternate universe where math and demand donโt matter, silver-a โdrop in a barrel,โ as you say-is somehow going to skyrocket in value and overtake gold. I guess logic and basic economics arenโt invited to your silver party, huh?_
This was a great video. Liked and subscribed. Loved the humor you put into it. I expect mine in the next day or two from my LCS and I watched this video in anticipation for it's arrival. I am definitely going to do some smacking of this coins backside.
@@michaelangelobergeron5980 _thatโs only 2008 buffalo coins those are rare and the premiums on those would be very high because they donโt make them anymore_
MAN, GLAD TO HEAR SOMEONE ELSE TALKING ABOUT THE MYTH OF BUYING SILVER. SILVER DOESN'T EQUATE TO THE GOLD IN RETURNS. I'VE BEEN TELLING OTHERS THAT THOSE GUYS TRYING TO PUSH SILVER ARE BUYING MORE GOLD THEMSELVES.
_That doesnโt change the fact that you still need over 80 ounces of silver to equal 1 ounce of gold. Between 2019 and 2024, the price of both gold and silver experienced substantial increases. The price of gold rose from $1,400 per ounce in 2019 to $2,671 per ounce in 2024, which represents an increase of approximately 90.8%. Similarly, silverโs price increased from $19.55 per ounce in 2019 to $31 per ounce in 2024, marking a rise of about 58.6%. These significant gains highlight the appreciation of both precious metals over the five-year period, with gold increasing at a faster rate compared to silver._
Your math or chart is a little off. But while we are mentioning the huge rise in silver. Let's look at another number. From August 10 2020 to your date of October 14 2023 silver was down almost 18 percent. And from that date in August 2020 again to today's date it's only up 14 percent in a 4 year plus span. It's almost like Mindspark was talking facts. I am a silver stack and like silver. But the numbers and gains aren't great for silver when you look at the real numbers and not just picking out what you want to see. Your like the guy who takes a photo of the northern lights on your phone and post it and say wow look everyone. Knowing full well your camera phone enhanced those lights and you couldn't see nothing almost with the naked eye
@Mileyz8899 _๐ ๐๐คฃ๐คฃ says the person who post this bullshit without providing numerical explanation on my so-called math is a little bit off_
Personally, I don't like the look and design of Gold Buffalos. And with Gold Eagles, I like that the alloy makes them more durable and you don't have to worry as much if you want to handle them without gloves. And even more than Gold Eagles, I like the pre-33 $20 Liberty Double Eagles and Saint Gaudens Double Eagles when they are in BU state. Their purity is even lower, at 90%, hence more durable, and they have historical value.
@@danavipuzzles7308 _Last year I sold an eagle and a buffalo at the same time I got $10 over spot for the eagle and $90 over spot for the buffalo, I asked the dealer why is that and he had explained to me that higher gold purity (99.99% vs. 22-karat), unique design, limited mintage, and strong collector appeal. Historical valued coins are going to have a higher premium over a spot thatโs obvious because itโs historic._
I was 100oz of silver in when i just started realizing how much space it was going to take up so i switched over to gold. I still collect interesting silver bars as a collector though
Yeah, I thought I was going to stack gold and some silver. Very quickly I just went into stacking gold and collecting a little silver here and there, in semi numismatic form just to slowly add weight and fully numismatic form, every few months for a treat. I spend more on platinum than silver.
I agree with what youโre saying about silver and especially some of these channels on RU-vid that promote the idea that silver will make you rich!. A lot of them have an angle; dealing in silver, itโs in their interest to encourage people to pore their money into silverโฆ.
@@WovenChaos _At a certain point in your silver stacking journey, it can evolve into an emotional attachment. Without a clear goal or purpose, this attachment may foster the misguided belief that silver will someday reach or even surpass the value of gold. However, many fail to calculate the reality of the situation. I, on the other hand, did the math-only prompted by the widening gap between gold and silver values. Gold has far outpaced silver, and understandably so. Mining companies are depleting resources in the search for gold, making it increasingly difficult to find. As a result, the silver-to-gold ratio has surged dramatically, currently standing at 103:1 according to one mining company, although this impact has yet to fully trickle down._
I also like gold more than silver however it is clear that you donโt understand what you are doing . Also you are an incredibly arrogant ass . You get what you deserve prick dipshit . Do some real research and you will see that neither metal in an investment.
Holy sh*t I never laughed so hard... that wagyu bit had me laugh out loud, for real. Just curious about the Masonic ring in your profile...did an image search and couldn't quite find that exact same one. Could you respond which jeweler sells it? I'm a Traveling Man myself.
@@tonybonesLD _Yes, but the Eagles are more counterfeited because of its popularity, mass production and simple design, after selling a gold eagle and a gold buffalo at the same time last year I got $90 over a spot for the buffalo, but couldnโt get no more than $25 bucks over spot for the eagle_
@@MINDSPARK-u6e thatโs become of demand for the buffalo is higher then the eagles. Itโs favoritism. I havenโt ever saw a fake gold coin/bar in any LCS. Just gotta know what youโre doing and not be easily tricked. Things always change with time. Who knows, there could be massive amounts of cold discovered and mined in be future that will tremendously drive the price down like what happed to platinum. Or the digital money โtakeoverโ could render gold utterly useless/baseless for the most part depending on what the overall layout consists of. OR, gold may even skyrocket.
For those who are unaware, counterfeit Gold Buffalo coins are minted in China and utilize a hidden tungsten core deceptively plated over with 24 karat pure gold. These fake gold coins are sold to deceive novice buyers, because the counterfeits look like and feel like authentic gold coins. Tungsten is used, because Tungsten has virtually the same density as Gold which is 19.3 grams per cubic centimeter. On the other hand, savvy gold coin collectors know which gold testing methods to use that can easily distinguish fake gold coins from genuine gold coins.
What was the point of this video? It was just a long ad on how the buffalo is "better", but never really got to the important things. Save those speeches for the inbreads at Trump rallies that want even their underwear to have the American flag. I want details on how it's going to benefit me, besides that it's a 24k.
@@MINDSPARK-u6e Everything gold gets counterfeited. Even shoes. I don't care about that. I want to know why it's a better investment. I buy gold, i already buy from reputable dealers and know how to test them.
You come across pretentious. Not a good way to get subscribers. I buy one oz of gold every month and I'm worth 5 million plus. There's always a bigger fish in the sea.
But we need to understand how quickly silver used in the military rocket industry is irretrievably destroyed, given the wars that are currently going on around the world.
My guy. Best video on RU-vid. Youre pulling at my heart strings. I feel like a total dumba$$ for wasting my time on silver. I could of been buying gold at just over 1350. Im happy to have the amount of gold i have but it could be double the ounces if i didnt drink the silver bs cool aid.
_Think about it like this, tomorrow never promise you that you would see another day, if you need $2660 in your pocket right now youโre either going to trade in a 1 ounce gold coin in your pocket or lug around over 5 pounds plus the inconvenience of your time itโs going to take to count 5 pounds worth of silver coins or 83 ounces to make sure each coin is real_
