Dollars can buy silver and gold? I agree it's just paper but It can be used to buy everything. Fiat currency loses all value eventually, ie Wymar republic. I'm guessing the dollar will be reincarnated as a cryptocurrency.
2 Silver Dollars Back In The Day Would Fill Your Car's Gas Tank! Today That Same 2 Silver Dollars Will Still Fill Your Gas Tank - "Because Silver Holds It's Value"
Thank you for posting this video! I am currently in the midst of writing a 20 page paper on how going off the gold standard during the Civil War and again in 1933 during FDR administration adversely affected the US economy. I was able to ascertain some good solid information from your presentation; thanks again!
wow...great info there , alot i didnt think about or know ...thank you for sharing that with us.....we appreciate your input, and the great information. SALUTE .....take care, stay safe ....and keep em coming.
Hey brother got my platinum seeker card today looks awesome and I enjoy your energy and personality super awesome and kick a$$ keep your chin up and goals high.
Love the way you explain things for the people , Your the first person to truly do that, not all Glitz and glamou,,,r but education!!! .. perfect explained, , great job bro
I went online to buy some silver (in UK). Spot price was just over £11 but they were asking just over 16, then VAT was to be added at 20%. So I would have to pay 80% over the spot price which is a big ask.
One point that I disagree with. The premium on silver WILL fall back to under $1 over spot IF silver prices are kept low enough for long enough. It's just a matter of speculation right now as almost everyone in the community (including me) believes that silver spot should be much higher. But if it stays sub $15 until fall or so, NOBODY will be paying spot + $5 for physical!
They will if there's still demand and low supply. We are seeing a lot of out of stock, but there's some new inventory coming in. Just not as much or as easy because getting the material from one country to another is made difficult because of this "pandemic".
@@lukewilson3271 the holes in the morgan and peace dollars were usually for kids to tie the money to the inside of their coats so they wouldnt lose the money. Kids lose shit, and given the circumstances of the great depression, losing a silver dollar was a big deal that could have been the differencd between life and death
Always need some silver and gold if you can. I talk about the need for having it on hand for trade. Inflation could be a killer. Time will tell. Keep stacking everyone!
I've been collecting and following silver and gold since 2006. I'd love to see physical currency return to a precious metal currency. However, my experience has been that silver is a bit of a pyramid scheme. People get into it because they are told one day it will be the post apocalyptic, post societal breakdown currency. Or that one day it will return to a higher value in relation to gold or be a store of value against a crashing fiat currency. So they start stacking, only to find that it doesn't have much value, and doesn't go up significantly in a crisis. So to create demand and increase its value they start recommending that others buy it. And this is the bit that worries me. Are silver stackers really interested in me doing well in a barter system society, or are they trying ensure that there is enough other people willing to recognise silver as currency so their own stack will have trade value? Or are they trying to increase demand now and raise the value of their own stack? Honestly I would love silver to be the main cash currency, but it might just be a fantasy that I hope will come true if I can get enough other people to believe it.
I stack silver first for its industrial demand followed by possible monetary use. In the end, unlike paper currency, I am hoping silver will never be worth nothing. Thanks for sharing.
You brought up many good points, but just look at human history. Most of our history of civilization, minus the last 70 yrs, gold and silver have been money. It became more valuable, so it was taken out of our everyday use as money. They became valuable commodities. It's about logic, history and faith that are on the side of gold and silver, much of what we lost in today's society.
@@lamarravery4094 Ezekiel 7:19 has a good warning about silver. But regardless in a real crisis, olive oil, salt, food, tools, fuel, generators, dried beans even all make better resources. I could imagine in a society that didn't have the internet anymore and started to have an excess of food and labour, a precious metal currency might be useful again to transfer value from one place to another.
@President Analysis depends what form that silver is in. If it is just a generic silver bar, that is a pretty big premium. 1 kilo of silver has a going rate of $472 right now. For 1 kilo silver bar I wouldn't personally pay over $600 right now. If it is in the form of 32 1oz ASE's, $720 is the current market rate for them. Not getting a deal, but not getting robbed either.
Silver solder is a great use for silver, colloidal silver, etc. Also gold is one of the best semi conductors, and there are stories from ancient ruins that bags of gold dust were discovered that they called mana, that was believed to be ingested and have immense health benefits, such as reducing the aging process
USD being the top global reserve currency printing money works at the expense of the rest of the world. US can continue doing this for awhile as long as the rest of the world conducts business with USD. it's a lot more complicated than that but generally America must maintain hegemony for this to continue. Keep stacking!
Precious metal dealers are currently offering to buy back silver from their customers at spot plus a premium. That says something about the current value of silver.
Lol, all that says is they are trying to prey on the desperate. It’s gross! They know silver spot price is down and premiums are almost as high as the spot price in some places. The dealers know at spot plus the maybe $2 premium they are willing to pay you will net them money. If you bought a silver eagle at $15 with a $2 premium that’s $17, dealers now want to pay you spot $14 something plus $1 over spot. They just made money while you lost, and then they will charge $25 for the same eagle they just bought from you.
@@wilhathaway1987 Free market has pro's & con's like everything else...Freedom of "choice" is up to the "buyer"...Still can't beat free enterprise; Government controls, and pissed off whining customers who "know better" is how we all got in this situation...LOLOL
The ""real" value of silver IS spot. Silver is a PLENTIFUL industrial metal that has not backed currency since the 30's, and is traded on the stock market like any other metal. Only 30% of silver ore mined today goes to bullion coins/bars. The ONLY reason AMPEX and other major silver retailers are out of stock, is the same reason toilet paper is out of stock...because nothing fights the Corona virus like a silver eagle wrapped in toilet paper. (Hoarding). For AMPEX to charge $8-$10 over spot for a coin they won't even have in stock for 3 weeks... is PRICE GOUGING. And yes, they WILL pay you $1-$2 over spot for your coin, so they can resell it for $8-$10 over....that's a better profit margin than before the crisis (for them). To profiteer off of a crisis is kinda sleazy. Charmin has not doubled their price of 3-ply up because shelves are bare. Best bet is to chill on buying silver until the hoarders are through throwing money at dealers, and prices come back down to close to spot.
@@Skulllywag slight problem with your logic there... if silver is plentiful and can be bought at spot without issue... why would dealers pay ANY premium? Your story holds up if mining and minting returns to 100% capacity in the immediate future... will it? I have my doubts.
@@Zaphod7835 Re-read my statement. I've already said why dealers are paying premiums. As long as people are willing to buy minted coins and bars....they will keep making minted coins and bars. People freaking out and hoarding is why you can't find silver coins or toilet paper right now. This is a pandemic, not the zombie apocalypse...things will get back to normal.
as far as inflation goes its kind of a mixed bag i think but the combination of events is unprecedented in our time. i like to bring up the equation of exchange from monetary theory.... M x V = P x Q Money supply x Velocity = Average Price x Quantity for example, if we had a 20 trillion dollar economy where everything cost $1 and money circulated 4 times per year...we could play with the numbers like this... 5 x 4 = 20 x 1 In the simplest terms we could say that printing money and giving out trump bux means prices must go up, but it isn't always that simple. The 2 trillion in expenditures and the 4 trillion in liquidity is more a sign to me that their economist predict V is getting CRUSHED making the the 2 and 4 trillion warranted. because M x V = GDP as well and rising M can offset a falling V....in theory We know the money supply and going up and we also, know that velocity of money is getting crushed. How much they overshoot or undershoot will determine a lot. They are just trying to throw some kind of plunge protection under this crisis. On the other side of the equation, we also know that Q is getting demolished because soo many people are staying home Then in this equation GDP = C + I + G + Net Exports we can assume consumption, investment, and net exports will get crushed with only government expenditures rising to break the fall. The dollar has been strengthening which hurts exports.
Excellent explanation and True. I like how you tied it to the Futures Rigged Market system. That in itself has destructive consequences plus many other other instruments. Sound Money is what America needs again.
I think it wise to buy silver and gold because the paper currency will bottom out. Paper money will be worthless. I only wish I got started buying silver 10 years ago.
With that check would you think it would be wise to buy a roll of silver dollars or get the gold eagle I was thinking??? Year I would have to put an extra thousand into it but would it be wise in your opinion???
Great video bro. A year later the amount for 1 oz. silver to back the fed note on the US debt clock is double (around 4k). There's a term for this phenomenon and I can't recall what it is
Like #170 Hey Seeker! And thats just the debt clock per oz produced globally per yr in dollars printed 😂 now add all other currencies printed against it as well. Eu, china 😂 i think we need to see global clock bro! Theres a project for a good vid! 😉 add em all up sycronized into one data stream. 😊😜 i kno you got the skillz bruh! 😂 Keep Pushin! P.s. we gonna need a big azz clock! 😂
What you say is what scares me. The "hidden" Govt move is the unknown. What move does the elite come up with to side step all this debt? The U.S. mathematically will never be able to pay, so how are they gonna get out of this? How are we gonna get screwed again?
Thank you. I was looking for clarification on gold and silver prices. Everything's so volatile right now. You can see everything but the truth. Still not sure how useful it will be later on.
Why is it that ebay has 5 silver eagles for 140? Or the maple silver for 25 each?? Is that worth it knowing the price if silver sits around 15-16 bucks per oz?
I have a question about the debt clock figures. You pointed out that silver would be just under 2k per ounce to cover all our money, and gold would be 16k or so. What would be the approximate value of silver if we were on and silver and gold standard? As in, if silver didn't need to cover or back every dollar, but was half of the equation and gold was also in the mix? Thanks.
Premiums and spot price aside, I was buying random junk silver from APMEX and JM for 13 times FV three weeks ago, and now it’s listed for 17 plus times. Supply and demand, lots of people got worried and bought everything up so I doubt prices will normalize until their inventory goes back up.
I love how you used the same gallon of gas comparison I try to use. With me, I usually also add that a silver dime still buys a gallon of milk, dozen eggs or loaf of bread. Also, why do you not have that proof Benji on the left of the pile in even a snap-tite?
The price of silver will actually to a price that is much, much, much, higher than that, it might take years to do it , but, at the end time, the Angel Gabriel stated that "The price of Silver is "Much Higher" than the price of Gold".
I appreciate how you teach people. I’m just starting out silver again. Had a small collection but got stolen. I’m wondering tho if there is anymore silver left. With all the coin shows and collector and your stack right there. Lol JK thanks 🌻🌻
Silver Seeker, thanks for this vid, NOTE the reason silver won't get to $2000 an oz is Gold & Silver are being controlled like in when the Hunt Brothers did it. So either JPM and likes and others are manipulating Gold & Silver don't you think? Thanks
I may be wrong having stacking silver on and off for 40 years and get a really negative feeling right now just don't see it ever getting over and staying over $20 in the next 5 years
New to your channel. Great show. How do I purchase Silver one ounce coins for the best price? Example: I want to buy 1k worth of coins in silver. Where is the best deal on how do I find it?
The ancient value of silver was a tenth of an ounce for a day’s wage. That would be approximately $200 per day according to the “Dollar to Silver Ratio Now” or $25 per hour for an 8 hour day. Today’s Silver price is undervalued.
Yep. Our Fiat currently is backed by debt, a promisary note they can't back. It's wild that when gold and silver was money, the GSR was like 12 or 15 to 1? Wild. Yet this clad ordeal is unconstitutional. A clad quarter today melts down to about $0.04 where a silver quarter melts to about $3.50? $3.25? Something like that
Ill never stop stacking silver. Trying to get away from those premiums though. What yall think about stacking 925 sterling silver flatware. Usually not a premium there.
925 is good. Any form of gold or silver is fine. 999 or 9999 is best but when people lose confidence in the dollar... the only thing that will matter is how much of the two elements do you own. We can already see 35% wartime nickles selling for over spot. Not to mention you can refine any alloy back into 999 silver/gold using simple chemicals from home depot. (I'd simply turn sterling silver into bars and stamp "925" on them. Then call it a day)
I have been in the silver recovery / refining industry since 1992, the true price of silver is the price someone is willing to sell it and someone is willing to buy it,
Silver is highly undervalued because there is no true price discovery because of manipulation.Robert Kiyosaki and Greg Manarino both say silver is the most undervalued asset on the planet.
@@loubrok1550 more then toilet paper? and see that is my point. though i agree it is undervalued its what a person is willing to pay for it and sell it.. i paid $10 for a 6 roll pack of TP. is that its true value? it is now lol
@@HR-rt9nh No, $10 for a 6 roll pack of toilet paper is not its true value.However the market makers can control 5000 ounces of silver (THAT THEY DONT HAVE)through leverage for $150 dollars ,is that its true value?If the silver to gold ratio on paper is 110:1 but it is being mined out of the ground at 9:1,does that show true price discovery?lol
He're what they do. They buy small amounts throughout the day, when there are lots of buyers and sellers, so the price doesn't move much. THEN They wait until the overnight trading starts (or slow times) and there are fewer buyers and dump it all, driving prices down. (they also buy puts to make a profit at the same time.)
The PHYSICAL price is separating from the paper price and the degree of separation will only become greater as 2.2 trillion ,covid -19 stimulus dollars enter the market.Availability is diminishing.
Just on a basic level a silver coin or bar looks like it has value....but the notes in my wallet just don't look like they have a value! Hopefully the 'reset' that's coming will then show the true value of silver and gold....but will the world governments and world banks allow this to happen? Since this 'crisis' more and more shops in the UK are refusing to take cash (because the 'crisis' might have infected our notes?), so now we don't even see the paper money going out of our wallets!!! It is all about smoke & mirrors and averting the gaze of the general public🤔
Just think of getting paid once a month and getting one or two 1ozt gold pieces. Biting down on them to make sure they are real! Sweet! Having my renters pay me in 1 ozt silver coins or fractional gold. I love this thought.
All the silver I have ever bought has had a premium over spot but I don't think the price was more than silver was worth. Remember, silver is an both an industrial and monetary metal. Thanks for sharing.
Wow cool! I just bought $50 face value of silver Roosevelt dimes and including tax I payed $78.50 for $5 face.... I figured it is an ok deal. It was a total price of $785.00!
What happens in the event of a massive short squeeze on silver? Does SLV skyrocket or crash? I’m not expert enough to say it’s a flaw in thinking to say the real value of silver is based on a ratio to the dollar, but that hasn’t mattered in almost 50 years and unless globally we go to au and Ag std it won’t ever again. Also as an aside there’s no limit to au/Ag ratio; yesterday was 16/1, today ~115/1, tomorrow 200+/1
Here's my tip for newbies. The world has 1oz of gold for each person. Get your 1oz of gold and similar value of silver or around 100oz now. After that, if you still like phys, get some more :-)
