I am stacking my pantry as well as my safe! I try to keep 2 months of food in dried and canned form. In the USA we have to worry about tornadoes, earthquakes, and hurricanes. Several communities have had to go without power for weeks. Others have been completely flattened. Imagine not even having a grocery store or a way to get to one. Semper paratus! Always prepared!!
Smart people don't buy gold and silver to preserve what they've earned over their careers or employment because gold and silver do a poor job of doing that. There are far, far better investments out there for doing that.
@@frankabler lol I don't think you know the history of gold and silver. Or else you wouldn't have said such a dumb thing. You're looking at it as trying to get rich off of gold and silver. Which is a dumb way to look at it. The right way to look at it is as a defence against inflation.
Everything was explained to you in this video. You obviously didn't understand any of it. Have fun staying poor with your gold and silver. You'll be lucky to keep pace with inflation.@@like-a-twinkie..like-a-twi5312
Smart people don’t buy to get rich? Are you serious?! Most wealthy people bought stocks, shares and real estate to , um… get rich. That’s unless you are only talking about precious metals, then I agree.
I love buying and owning gold and silver but as an investment I do agree with you. It's not the worst investment, but it certainly isn't the best either.
Silver and Gold are terrible investments, it's true! But they make an excellent hedge. PMs are NOT investments. They are excellent tools for wealth conveyance as well as preserving wealth through financial transitions. They were only good "investments" if bought decades ago.
Sell it then. Should call you Jack, seems like you are in dire need of a beanstalk. The desire for precious metals in my opinion will never cease, bullion is bullion if you just have a one dimensional view of it. Gold and silver have uses in technology to which we are still quite in the infancy of and if we want to make more machines/gadgets we will need the metals. The metals can be turned into jewellery/art, which is always changing to suit the time period. You can turn silver into flatware and tableware, this hasn't stopped for thousands of years. Silver can also be used in various medicines and is naturally anti viral, Gold is also used in medicine/dentistry due to it being so inert and nonallergenic. The metals are heavily used in multiple religions in different ways. Even after the fall and upheaval of empires precious metals have always been used because they are stable, predictable and trusted. Before Russia invaded Ukraine they were stockpiling Gold for years, they knew sanctions would be implemented on them but their economy is still stable, partly due to the Gold. I could go on. Yes I understand if a SHTF situation happened things would drastically change for the metals but it would change everything non-physical. Sometimes I feel like we put too much weight on the monetary value of the metals, I buy them more for the pleasure because I am a collector. I feel like you are the pot calling the kettle black, precious metals are your business are they not? You invested in them, built a social following around them, built a business around them and reaped a healthy living from them. Such a bad investment 🤡
@@frankabler Never said he was a bad person. All I am saying is it is about perspective. Is it a bad investment if you need a crown on your tooth and you want gold as its material? Is it a bad investment if you need silver cutlery if you have a nickel allergy when it comes to other cutlery? Is it a bad investment if you want to celebrate an occasion with gold/silver jewellery? The precious metals won't make you rich in monetary means in the short term. I have bought many uk sterling items over the years and they have increased in value by silver slowly increasing but I get more enjoyment out of using them.
Gold is not an investment at all, it is money... Plain money. And gold never appreciated vs other currencies. The other currencies devaluate vs gold due to the huge monetary mass increase (much larger than the annual gold mined from earth) Some say "gold is not money because you can not buy things with it, and you have to convert it to local currency" Rigth. Same as I can’t buy goods in a store at Germany with dollars. Goverment (EU in my case) law settles that the ONLY money you can use in the terrritory affected by the law is €. Is a crazy thing. Local money (€,$ £ ¥) is mandatory: you must USE it to buy things by law, and you MUST accepted as paid method by law (if you dont Accept It, the obligation is cancelled). Gold is money, but no single country (group of nations like EU) use It as their local currency (but they stack it), that is why you have to convert your gold if you want yo buy food in a french grocery... You also have to do it with your dollars.
We now live in a time which can be compared to the Tulip craze. It's probably worse as many so called investments are just numbers on a computer screen. They have no intrinsic value at all. Fashion changes so quickly that value can be massive today & gone tomorrow. Metal rides the crazy times & will be there when it's all over again.
Diversify with real estate, gold and tax-free savings bonds. Stocks were great in 2003 and 2008 but are now so grossly overvalued, I wouldn't invest 1p. I've literally had FTSE100 stocks go to zero. Trackers did not exist in 1900, 1950, 1980 or 1990. They emerged and proliferated in the 2000's. U.K. property has increased 4 fold since 1999 whereas FTSE100 is still at same level 24 years later. Gold is up 5.5 times same timeframe
During these hard times we're currently in, countries and central / regional banks are buying as much gold (and silver) as they possibly can. What do they know that we (you) don't? For now, with my extra cash, i will follow their lead 👍🏻
For me precious metals only need to do one thing and that is store wealth. I don't want to invest my earned income, I don't want third party risk. Inflation is so high that getting a return that keeps pace with inflation pushes me further up the risk curve. I also don't want to store my earned income as fiat currency and have my purchasing power eroded over time by inflation. I want something that obeys fundamental natural laws. I guess it costs a certain amount to mine precious metals from the ground, machinery, transportation and refining. Then minting and marketing. So I figure if the cost of producing a gold or silver coin or bar increases due to inflation then the value of that gold or silver product should increase. I can't imagine the energy and machinery costs increasing for any prolonged amount of time while precious metals just get cheaper. I don't attach as much importance to the spot price so much these days. Premiums remain high regardless. Retail prices seem to have had a different trajectory from spot prices in the last year. This is my take without me factoring in any belief in instability in bond markets, economies, fiat currencies, real estate markets global war and pandemics.
....note that the devaluation of British pound currency is about 99% a devaluation against gold. Currency is not money...its currency. PMs are money. ( Gold has averaged 10% increase in value over the last 20 years)....its the devaluation of currency that is the relevant thing right now. If it gets to apocalypse then if you do not have lead...you are in a losing position. Tbf...beans might help....a warehouse full.
I buy Silver/Gold mainly for my sons future inheritance, but its also good to get the cash out of my bank account and used for something good, otherwise id just spend it...
Question why are some of the wealthiest people buying large quantities of gold and silver? Why are countries buying draining the comex? Why are all the central banks and large institutions buying? Follow the money....
It’s a form of wealth preservation but how do you think we will get more people to become stackers when you put out videos with titles like this it’ll turn a lot of newbies or potential stackers away
Basically, like this. APMEX is currently selling generic silver rounds for $28.45 with the silver spot price at $22.96. Any investment that has an immediate loss of 19% of its value (sell back rounds at spot) is not a bad investment, it's a HORRIBLE investment. ($28.45 - $22.96)/$28.45 = 19% immediate loss of money. And let us not forget to mention that the spot price of silver DOES NOT even up keep the pace with inflation. You have a real loss of value every year even though the spot price of silver does slightly increase.
@@frankabler UK Royal Mint 1 ounce silver coins, £24.30 + tax equals £29.16. Thats US$37.02. Or a 63% mark up on market rate. Im buying toilet rolls…..
@davidwebb4904 Here in the US we can get 1 oz generic rounds for $1 over spot with no taxes. So that's $23.96 out the door. Purchases of G & S is not taxed here in the US. I feel for my brothers over in the UK. Good luck!
@@frankabler The price we pay for physical silver. They don’t want us doing that. They want to be selling us virtual silver, for more or less market rates. But it doesn’t exist in reality. They sell ten times more gold than actually exists, probably silver is just as bad. Making this a pyramid scheme. Like fractional reserve banking is. When this scam collapses, only those with actual physical metals in hand will have anything. And for that security, they charge a fat premium.
You have to realize the banks know they have to make silver look like it is more worthless than gold because it is more important to keep the manufacturing side of things running for the economy to thrive.Its the whole point behind manipulation without trying to make it obvious to the general.
Will the dollar get south? Is it even possible? Well, the current system allows the US to contract as much debt as they want, without any consequences. It is not a fair game. Remember back in autumn 2023, when Liz Truss tried to contract more debt for her budget. The pound fell down, and she had to scrap her plans. Yet, when the same happens in a much larger scale in the US, almost nothing happens. The markets are twisted in favour of the US. Would you trust a manipulated currency like the Chinese yuan?
The last quote from Buffett you used, considering gold if he was less wealthy, is very interesting. He's basically saying two things. First, that your risk tolerance goes up if your wealth is way more than you'll ever need as you can afford to loose a lot before it influences your standard of living. Secondly, by subsequently mentioning gold, Buffet acknowledges that gold within a portfolio actually makes the drawdowns smaller, i.e. stabilises one's portfolio. Not only backtesting over the past 50 years, but also doing the math with linear regressions and correlations proves this point. Stocks generally do well during times of optimism, bonds during times of declining optimism and gold during times of pessimism. If your wealth isn't as large as Buffett and you cannot take 50-80% drawdowns, you need to protect against drawdowns in stocks and bonds during pessimistic times.
First, the USD will never go to zero, although it is losing value already. That is inflation, the products aren't worth more, the dollar is over printed, which makes it lose value. I don't know if it will take ten or twenty years, but I think the value of the dollar will fall by half. Metals will have the same buying power as it does today. Actually, probably even more, because they are trying to limit mining in a lot of places.
"Metals will have the same buying power as it does today." So will all other assets. So that raises the question, why are metals the best investment for preserving wealth? Why not stocks? Why not land? Why G & S when there are so many other assets you can invest in?
Hello- and just how much debt is stacked up on your dollar money - and just how you going to explain or pay your way out - that’s right ! Your totally bankrupt ,,,, and then some . Can’t you see - really can’t you see? You’re all faffing around like oh, better invest here - better sell there , wake up why don’t you - your government is as bent as a donkey’s hind leg. If you believe the news and the feeds - get yourself some sand , and bury your head. I can’t vote - I can’t invest and I can’t trust any of the lying cheating self serving politerati . I’m just an ordinary family man- I’m telling you - very soon we’re all screwed
last year I bought some Rolls Royce shares at 80p. I held them for about 11 months and they went to 160p so I bottled it and sold them. Within a month and a half after I bailed they shot up to 206p. Do you have any idea how painful that is 😂. The joy from money I made doesn’t come close to the disappointment of selling too early.
@@mik1967 That’s true. Wasn’t it Warren Buffet who said “ don’t get greedy, always leave enough for the next man “. I think I’ve definitely left enough for the next man 😂
Generally, you are right, speculation ("active investment") is times more profitable than passive investment in any commodity. Real productive assets (like land) retain value better, than metals. Gold and silver won't make you richer, unless you actively trade them, like others trade stock etc. But precious metals definitely can save you in some situations (my own experience), they are relatively easy to buy, sell, carry and store so it is good to have some for backup.
Yoooo I remember when you had like 100 subscribers, back when I still had access to the Silver Warrior channel. It's awesome to see how far you've grown!
Am I the only one that stacks small amounts of foreign currencies as part of my portfolio? Tiny part for sure, not comparable to the shiny metals or the investments~
@@fin59shaw fair enough 😅 simply a further layer of protection in case the Euro suddenly starts going down, in that case I can just convert pounds or yuan back into euro.
@@Ludovico__ Believe me, I'm not trying to argue, but this is a good discussion. To me, Fiat currency issued by governments is all the same. Situations may happen to collapse one currency or another. If your own currency collapses, you can exchange Gold and Silver for whichever currency you want. I would rather have something universally accepted. If you offered me 1000 £ ¢ € ¥, whatever, I wouldn't know what to do with them. Easy is best, I think.
Gold and silver have stood the test of time. I'm not sure stocks will. They're not even in your name (your ownership) anymore in a nominee account. They're now IOUs too!
Yeah silver and gold might be all that. Clue #1. Maybe you should pay attention to what is backing the BRICS Nations currency, as well as Centersl Banks. Governments are buying record amounts of Gold, and one of the largest financial institutions in the world has been buying tons of silver. Who would you rather follow, this guy, or the ones I just mentioned?? Blahhhblahhhblahhblahh.
In general, an investment is something that you can expect to give you income; land: crops and rent, bonds: interest, stocks: dividends from value creation. Gold and silver are more "stores of wealth". Sometimes we get them confused.
At no point in human history were the wealthy rich because they owned a lot of gold - it was productive land and today it's still land and assets that generate an income. Get sorted with property and productive assets before you dip into gold. Buffet doesn't like gold because it just sits there and isn't productive (doesn't generate an income) - that doesn't mean you shouldn't own some it just means it shouldn't form the lion's share of your net worth. As for silver well that never made anyone rich (ever) apart from the merchants charging the premiums and before that those selling pick axes during a mining craze
Every fiat currency that has existed throughout time has eventually expired, this is well known, and accepted as inevitable because it has the fundamental flaw of not being a finite resource, extra money can be printed at will, and overtime this waters down its perceived value, this tin can is kicked down the road until its no longer viable to keep doing so, then a reset of all debt will be agreed. This will cause genuine hardship for all but then another currency will be deemed as an acceptable replacement.
Gold and silver are the only way I can get rich. Its the only way to save that actually works. I been scammed in stocks and have seen the declines, crypto caused massive losses. My family was ruined by property taxes and having a what they call " vacation home" so we could not get any financial help. Bonds pay well below the real rate of inflation, annuities depend on a counter party actually being solvent and still around in the future. Gold and silver is literally the only thing that does not screw me over.
The problem with the pet rock game is that people get into it for the first time on hype when they see things going up, buy a load of random stuff with a huge premium and then get disillusioned. Instead of doing that, if people add when things head towards the cost of production and stop buying or sell a little back when things get pumped they’ll build a good safety net of having wealth that isn’t reliant on anything else. I’ve bought 1oz of silver since the end of 2017 (rare coin I came across at random) as on the time scale I’m working on there hasn’t been value for me in the market despite what people think of the “price”.
@@davidwebb4904 … I understand your sentiment but I think that people’s tolerance for timeframes changes after they’ve jumped in. I got into things when Gordon Brown decided to flog of the UK’s gold. Apart from 1 oz of silver (numismatic reasons I saw mispriced in a countryside shop) I haven’t bought anything since 2018 (…BYB group order IIRC) and apart from 20oz of Ag bought in 2013 that’s the only thing that’s underwater. … It just comes down to if a couple of decades of having stuff tucked away in a dusty cupboard is worth the wait for you.
Yes, there is a place for gold and silver, the only part that people don't understand is the fact that gold and silver will not help you while the crap is hitting the fan, they are better used for when the crap that hit the fan has settled. Of course it is obvious that you can't eat silver, and that is their biggest argument, if not their only argument aside from not everyone knows what precious metals are, but that doesn't mean you shouldn't have them. If you are able to weather the storm and everything settles down, you are going to be far ahead of everybody else.
If you buy at high prices factor in the premiums it may take a lifetime to recover those losses, the truth is at some point you have to convert back to cash so in my opinion it only makes sense to buy very low prices. For me I'll wait for years for gold to drop at least 500 dollars till I'm buying again
I would agree that they are bad investments, simply because they are not investments. They are money and money itself brings no yield, all it does is store real wealth which is your time and energy. Investments require risk and return, and a lot of that return comes from profits. An ounce of gold doesn't yield a profit because an ounce of gold is just an ounce of gold. Even if it's currently extraordinarily undervalued, and then you compare it to silver where the ratio should be below 30, making silver even much much more so extraordinarily undervalued
Same as I can’t buy goods in a store at Germany with dollars. Goverment (EU in my case) law settles that the ONLY money you can use in the terrritory affected by the law is €. Is a crazy thing. Local money (€,$ £ ¥) is mandatory: you must USE it to buy things by law, and you MUST accepted as paid method by law (if you dont Accept It, the obligation is cancelled). Gold is money, but no single country (group of nations like EU) use It as their local currency (obviously), that is why you have to convert it if you want yo buy food in a french grocery... You also have to do it with your dollars.
My understanding is that gold has, on average, returned more than 9% per annum for the last 50 years, I could be wrong. Gold is not an investment it's savings and not something to hold to compete with the best performing investments at any particular time. Gold is money.
@@bobsibert1968 If you don't have anything to actually say your comment is nothing more than a meaningless troll. Why not contribute rather than be pointless.
@@BackyardBullionAPMEX is currently selling generic silver rounds for $28.45 with the silver spot price at $22.96. Any investment that has an immediate loss of 19% of its value (sell back rounds at spot) is not a bad investment, it's a HORRIBLE investment. ($28.45 - $22.96)/$28.45 = 19% immediate loss of money. And let us not forget to mention that the spot price of silver DOES NOT even up keep the pace with inflation. You have a real loss of value every year even though the spot price of silver does slightly increase.
Agreed. It’s loosely akin to whole life insurance. You eventually have an annuity of sorts. In a perfect world you would buy investments that pay dividends and use the dividends to buy physical metal.
In 100 years gold went 40x its value ($47 to $1920). Stocks that lasted until now have gone up 160x value. The only loser is paper cash. Right now my investment has been in copper, brass, nickel in the form of new plumbing and water filtration, worth more than gold and stocks right now!
Silver and gold are not for investment purposes. It's a hedge. Protection. Insurance. Another way to preserve your wealth. Nice video. Love that Dutch accent of yours. Ha ha. ✌ ❤
