I haven't really touched silver this year but my stack has appreciated nicely on paper. I picked up a bit of fractional gold as budget allowed. I think both could go higher. There are so many factors - Recession, election, trade, the banks struggling, the effects of Fed pumping out money, maybe even a future return to gold standard. Though there would come a price at which I'd cash in, I'm hodling. Thanks for your advice to budget stackers.
Hey great vid as always.... what do you think about 2020 coins value... people consider 2020 the worse year, a cursed year, an unlucky year..... Does that effect stackers in the long run.... people or dealers not wanting to have or buy 2020 anything ?? If that makes sense
My local shop is cleaned out of silver and gold. And I mean cleaned out, not holding it back. But that is mainly because the incoming supply has been curtailed by Covid.
I think parabolic is unhealthy, the faster it rises, the harder it crashes. Side ways movement is healthy, silver will probably make it's next move next month.
As usual a good video! I had a thought that with Gold sitting close to record highs at what point would you consider selling? With speculators wanting higher prices, it looks like greed's everywhere. For new stackers, buying at today's highs could be a bit dangerous. Anyways, we don't have a crystal ball. Personally, I hope to see lower prices so that we can stack higher :D
Ultimately if you sell, what are you hoping to buy? If it's nothing then think about why you bought. Profits? Or uncertainty/dwindling faith in the current financial system? Do you want to be holding cash, do you need cash. How you answer these questions help you answer your question of when to consider selling.
El Poor Know I see your point. My plan is to pass it to next generation so I like to stack when I think it's cheap. Nowadays I think that gold is priced well but fear can take it higher and today's price could be cheap. If the prices go up closer to 2500 in next few months I will start to take the profit.
Silver will only keep rising if Gold does. If there is weakness in Gold then Silver won't rise. It doesn't do anything independently. So while you enjoy Silver rising Gold will be reaching new highs. You'll be laughing with Gold bugs or won't be laughing at all. That's how this has always worked. It's like Bitcoin and the Alts. If Bitcoin tanks it drags down the Alt coins with it. I like both but I realize Silver is dependent on Gold.
Thank you for sharing your wisdom! Question: Could you recommend any method of cleaning a coin or generic bullion (those without much numismatic/collector value)? I've tried Baking Soda/Aluminum Foil/Hot Water, and I think it works well enough, but perhaps there might be a better way.
They’re flipping it. Like when you buy a kilo of cocaine, sell it and then buy 2 kilos with the money you sold it for. Sell those and buy 4 kilos, etc...makes sense to me. What doesn’t make sense to me is people hoarding silver and gold to buy food when they could just buy land and grow their own.
Silver is going extinct. One morning, in the near future, every silver stack in the entire world will mysteriously vanish off the face of the earth. It's the silver rapture!!
