Why the Price of Silver doesn't matter at all! 

Sacha Chan Yan good point!

Well thanks for that observation. I'm 27 and my wife and I have decided to start buying gold. So that just one more reason why its worth it

One way to look at it!

Kevin Bell that comment was gold. Pun intended.

well if you die from a natural death, good job. If you die young from a Chinese bomb or bullet, not so much.

This is bad, no doubt but it is not a mad Max scenario

You win the internet today!!

Backyard Bullion I think about the mad max scenario all the time, not because I am just fearful like that but just in a fantasy kind of way, and the current scenario is at least closer to Mad Max than anything I’ve seen in my 46 years. Like in terms of silver, when/if all commerce is basically shut down or at least severely hamstrung, and the streets are literally dangerous, everybody out to take from everybody else out of desperation, how and where would you even sell silver safely? Like a picture someone like me, a single mom with a tacklebox of coins and scrap jewelry. And I know you were half joking when you said mad max, but what if gasoline really were unavailable, and people were down to walking in the dangerous streets? I should note that I am American, and though I don’t currently own any firearms, I could easily acquire one or more. So I’m really curious how the rest of the world would defend themselves considering some people will have firearms even where they are banned.

LMAO I thought exactly the same thing when he said that

You know how old people do

I totally agree, very well said!

And we have a stupid public voting to make the government massive and powerful.

@@xDDufiosy Don't you mean even _more_ massive and _more_ powerful? :P

@@FerventReminder dont remind me xD

You forget that during those times, they make it illegal to own gold, that's when you are legally obliged to sell it back to them at rock bottom prices.

buy more silver. you will not regret. price has exploded.

@@stevenhanlon7001 What part of the world do you people live in? Spot price is hovering around $13-$14 the same as it was 30 years ago. I don't get

@@SH-ij3df I'm not into this market, but doesn't that mean that the price of silver has dropped if it has stayed the same but these 13$ was worth more 30 years ago because of inflation?

No one is selling physical silver for $13 an oz 😂

@@SH-ij3df $19 now

This is one of the best things about stacking and a great way to look at it - saving money for the future is really important! Thanks for sharing and watching!

Deep storage. Hard to spend, and I can stack it on the table, or bang pieces together to hear the noise if I get bored.

That's the exact reason I started buying gold and silver. I had a few thousand dollars cash from selling pharmaceuticals and didn't want to just keep stacking $100 bills in my closet. I love my stack! xP

I love silver I stack silver becouse I cant stack cash. As far as price goes its manipulated just like everything else. Do I want 1000 dollar silver?NO becouse it will most likely mean 500 dollar loaf of bread

There is God in Gold.

Great to hear, thanks for the feedback!

Lmao. Now this has happened, silver will go down when we turn back to some kind of normality, pick up as much as you can and learn your lesson.

If you sell now you will get well over spot price.

@Andres Tello I bought the dip. Just sitting and waiting. I'm no fool 😂. If you look at the major dealers or eBay, the premiums are through the roof.

@@123mcgarrigle will it really go down now?

@Motor Head 10 dollar premiums on generic silver.... You can make a good argument.

Yes indeed it is.

@OldPossum In Oklahoma, it is considered legal tender. It can be used to purchase goods, groceries. Other states have adopted this form of payment also.

@@chrispyd603 SHIT LOAD OF AMMO CANS STACKED IN GUN SAFES, IM NOT SURE.

Indeed, but the level to which they diminish is different and a total failure is not going to happen.

I agree, 100%

Agree also , keeping my stack for the next paradigm whatever form that my take .

A "tanking currency" is what causes "PMs" to "shoot the moon" (that phrase is generally used in the various varieties of the card game "Pitch" to "bid" the maximum points in one "hand" possible AND win the entire "game" in one hand or "lose everything" if the "shooter" doesn't make it and goes "set" whereas "skyrocket" refers to a huge increase in the "price" of goods or services due to a supposed increase in "demand" and usually right before the "market" goes "bust") but yet even though "PMs" are bought and sold by "investors" at a "price" invariably determined as some "volume" of the so-called "fiat currency" they're supposedly "worth" when the "currency tanks" the "value" of the "PMs" formerly priced in that currency and "pegged" to it won't "tank" as well? Seeing as how 1 "USD" buys every bit as much gasoline or groceries or gun as it did 10 years ago or MORE and that means "inflation" of the "USD" is not a factor in the huge "moon shot" of so-called "precious metals" - which in the case of both gold and silver "peaked" years ago and then "crashed" when "supply" suddenly "spiked" and have only "recovered" since "stacking" has become "investing for dummies" too young to remember the last "financial crisis" because Mommy and Daddy were paying all their "bills" - and that instead of "precious metals" increasing in "price" due to a "weakening dollar" instead its the decreasing "value" of "precious metals" in a world where "luxury items" like gold jewelry, solid silver tableware etc are no longer "valued" like they used to be, I think you "stackers" are in for a rude awakening no matter WHAT happens as far as "global economics" and the "value" of the "USD". If you LEARNED any "history" instead of just repeating that "store of value" and "never worth zero" and "hedge against inflation" going back "centuries" crap, you'd know that until there the "USD" was created and that "precious metal" gold and supposed "precious metal" silver became "fiat currency" as U.S. coins with "face values" approximately "equal" to the "hourly wages" of the men who mined, refined and minted them into coins - the hardest, hottest, most dangerous and "riskiest" manual labor in "America" then or now - and the "value" of those "PMs" HERE IN THE U.S. WAS DETERMINED BY THE SAME THING THAT'S ALWAYS "BACKED" THE "USD" AND ITS "FIAT CURRENCY" - THE "HUMAN CAPITAL" THAT ACTUALLY PRODUCES "PHYSICAL" GDP, THERE WAS NO "GOLD PRICE" OR "SILVER PRICE" AND THE "PRICES" OF THOSE "PMs" TODAY ARE DUE TO "CURRENCY TRADING" AND OTHER "INVESTMENTS" THAT HAVE TRIED BUT FAILED TO "DEVALUE" OR "CRASH" THE "USD" AND THE U.S. "ECONOMY". A "DEVALUATION" THAT VARIOUS "ECONOMIES" AROUND THE "GLOBE" DESPERATELY NEED TO AVOID "COLLAPSE" BECAUSE THE "GOVERNMENTS" OF THOSE "CAPITALIST" COUNTRIES THAT MANIPULATE THEIR OWN CURRENCIES AND "TRADE" CURRENCY "PAIRS" THAT INVARIABLY PIT THEM AGAINST THE "USD" AND "RETURN" USD HAVE CREATED TENS OF TRILLIONS OF "USD" THAT DO NOT EXIST EVEN AS "FIAT CURRENCY" AND THAT THE U.S. "CENTRAL BANK" COULDN'T "MONETIZE" IN A "CENTURY" OF NON-STOP PRINTING OF "PAPER MONEY" AND WOULDN'T HAVE ANY "VALUE" OUTSIDE THE U.S. "ECONOMY" IF "AMERICA" DID FEEL OBLIGED TO "BAIL OUT" THE FINANCIAL/CURRENCY/ECONOMIC "CRISES" ITS SUPPOSED "ALLIES" AND "PARTNERS" HAVE GOTTEN THEMSELVES IN "SHOOTING THE MOON" BETTING AGAINST THE "USD". YOU THINK A "TROY OUNCE" OF "PURE SILVER" IS "WORTH" 15 "USD" AND A TROY OUNCE OF PURE GOLD IS "WORTH" 1400 "USD" OR ROUGHLY 3-4 TIMES MORE "USD" THAN A "DECADE" AGO? I THINK THAT UNLESS THAT SILVER OR GOLD IS IN THE FORM OF ACTUAL LEGAL TENDER U.S. CURRENCY "CENTRAL BANK" FIAT CURRENCY U.S. "SILVER DOLLAR" AND "GOLD 20 DOLLAR" COINS, ITS WORTH 1/15TH OF 1 "USD" PER OUNCE OF "STACKABLE" SILVER AND 1/1400TH OF 1 "USD" PER OUNCE OF "STACKABLE" GOLD. ANYBODY WHO CONSIDERS SILVER "WORTH" JUST OVER 1% OF THE GOLD "SPOT PRICE" TO BE A "PRECIOUS METAL" WITHOUT A CLUE WHY IS AN ECONOMIC IDIOT EVEN A "GOLD STACKER" LOOKS "SMART" IN COMPARISON TO BUT BOTH ARE THE POSTER CHILDREN FOR THE "PROVERB" ABOUT FOOLS AND MONEY SOON PARTED.

Bingo

The dime for a gallon of gas, or ounce of gold for a nice suit over time , really help describe that function.

Thanks for sharing your thoughts!

correct. silver is where the real money is. buy silver. fast. great.

You have a great outlook it seems, thanks for sharing!

It does seem cheap isn't it?

It's over $18 an ounce now

It depends because I bought 50 coins of Mexican silver coins libertad and they cost me $60/piece

@@nelzelpher2088 Compared to 1980 prices yes :)

Yes indeed, it's financial protection for your buying power, that's all

Agreed. Some folks think buying gold and silver will eventually make them rich when the price skyrockets. But everything will cost a lot more too. So in reality, they are not rich. Gold and Silver only preserve their current purchasing power against a collapsing fiat currency.

A man's got to eat.

You guys are missing something. Buy land now. I just bought a couple of acres last week. I know it's easier to say than do. But, i bit the bullet and did ut. I believe it will pay off in the long run. Grow your own food. At that point at least you don't have to be concerned about the that expense.

Barter it, not sell it.

I agree, saving money is a great idea.

I treat myself at restaurant once in a blue moon,rest of time I’m in crypto and metals.I was one the first bitcoin guys in 2009.Also helped launch London first two way Bitcoin cash ATM.

THAN going.

correct. buy more silver. well done.

Good thinking

Yes, I agree it's a shitstorm of a year. We will see what happens with silver.r

On heavy metal... It's the only way that you can travel....

Thanks for sharing your thoughts, i too check the prices at the end of a working week l, nice to see where things have ended up!

The price of silver on a forex or stock account is moved by traders trading on that instrument I don't think that any physical silver is bought or sold. So the price is decided by how much money the traders have to push the price one way or the other. Just a thought.

Paul Sharman I’m a trader and yes ur absolutely correct. Trading gold and silver in the markets can be extremely profitable, do that properly make the money and then put it all into actual physical gold and silver and hold the physical metals for the very very very very long term.

just wait till you see the premiums on eagles in 2022

The world has changed quite considerably since then - but it is a great demonstration of how currencies devalue over time! What do you think a dime will buy you in 100 years time!?

WHATEVER YOU WANT,we are running out of a substance that saves life,is 2nd best conductor of electrical energy in the world,there is 134 lbs of it in every cruise missile ,the main use and value is solar energy,free electricity

@@strattuner, a minor correct. Silver is the best electrically conductive metal. And, the most reflective metal.

its 2nd best after AU,gold,is the best conductor,it doesn't tarnish or oxidize,at all,throw it into a mudpuddle,come back 10k years,it looks the same,they use it for wiring satellites only,silver is my metal,i like it,i've been collecting it in various forms for 55 years,its value means nothing to me unless it goes astronomical in value then I buy a motel

@@strattuner , not to be a stickler, but I just double checked. Gold is the 3rd most conductive. 1st is silver, 2nd is copper, 3rd is gold. However I agree, gold is much more resistant to oxidation and chemical reaction.

I believe that there is benefit in holding silver, whether it be an increase in numbers or preservation of wealth.

Do you trade paper silver? Or do you buy physical and trade it back in? I have silver up to 30$ next couple days then 14$ in April 200$ in 2025. Good trading!

@@2nd_Exodus Mostly paper.

Really great to hear your feedback, it is something I have learned over time.

JTib You forgot to carry the 1.

@@gregblack2628 Oh? Do tell.

At this point it's never going to happen. Central Banks just keep making fake money...

@@eastonwilliams1722 How does that prevent an economic crisis? What you said should speak it the inevitability of the crisis.

@@jtib5968 LMao, Fiat money is debt

Thanks!

Probably the best way to.go about things!

Yes verry addicted

Thanks for the insightful comment my friend - we are of similar mindsets I think :-)

I share your sentiments FM. I see my lot as a small hedge and a diverse savings hold. It's there when the time comes should I need to, if not the longer strategy is that it's part of my pension and that's when I'll really consider cashing it in.

It will always be relative to your own buying power of the currency you have in your bank account - unless you think that the US $ will become the next currency of choice in the local supermarket!

I personally think that you have the correct way of thinking.

Backyard Bullion nah.. soft lavatory paper will be worth a fortune! Silver and gold will just weigh you down (never mind the weighing down of the massive stockpiles of TP ... at least you can clean up the S when SHTF😂)

@@mikelang4853 Wood pulp used for tissue making is cheap. Trees are everywhere.

Glad to hear it, thanks for stopping by and commenting!

If people knew the timings then we would all be billionaires!

Well indeed - this is why I view it as a hedge and wealth protection - its not about a numerical return for me.

If I had a silver eagle for every time I saw this tired old comment I'd be rich.

@@victorialadybug1 Do the math and proof them wrong.

Jp morgan have decided to take massive physical hold on silver in the last couple of years. Are times changing?

I'd bet that most hedge fund managers in the know do hold gold in their own personal vaults. For their managed funds, they compete with their peers, and would often under perform when measured in fiat dollars, and would therefore lose customers. In a world with experimental monetary policies where everyone seems over leveraged and over indebted, it makes sense to hold some of your wealth outside of the system. Maybe we won't all turn into Venezuela, and maybe there won't be a massive war where all governments print fiat dollars into oblivion, but it is a risk that most would be wise to consider as a possibility. These days, options are disappearing for ways to get real yields on savings that outpace inflation, without oversized risk of default. In this environment, the opportunity costs of holding gold are very low, and you'll probably see more hedge funds buying metals until things change. Something is seriously wrong when trillions of dollars worth of negative yielding bonds exist and are purchased. Either people are expecting massive deflation, or they are being forced in one way or another to hold these bonds. I just see them as pulling money out of a system that for the average debtor, requires there to be an ever increasing monetary supply for them to be able to pay off their prior debts plus interest. The liquidity crunch will likely be solved in the short term by massive government fiscal spending deficits. Maybe this along with demographic shifts will result in the opposite of what we've seen over the last twenty years, with a slow deflation in asset prices. The problem with this is that governments can't tax deflation, and don't seem willing to allow it to occur. They will spend until the deflation stops, and who knows if they will be able to reverse course without a new great depression. There are a lot of unknowns here, and I suspect that those in charge aren't even sure how they can get out of the situation without massive upheaval. To sum up, I'm not sure what to make of what seems to me like monetary insanity, but I can understand that gold and silver are more likely to hold value over the long term than a paper promise from a government that doesn't seem to have a long term plan to honor its obligations. Maybe it won't turn out to be the best savings vehicle, but in this world, it would be irresponsible not to keep at least a portion of your savings in something real, if you have the option.

There is no doubt that there is a lot of manipulation going on, thanks for sharing!

I am interested to more.......please post more details or where i can read about it

@@cuijodog1428 best I can tell you cuijo is use a search engine like DUCK DUCK GO and search for gold fixing arrests, I know if you try on google, you might not find it.

@Thomas Borisov The same people who put a value on fiat currency put a value on these metals, too.

Silver and gold have been money throughout history and have been used to transfer and store wealth for thousands of years before fiat was even an idea. Not only are these important factors, but every fiat currency in history has eventually gone to zero. It seems like the price of metals is based on the amount of fiat they're "worth", but, really, 1 gram of gold has been worth 1 gram of gold forever. Since the dollar decoupled from a gold standard, the price of gold hasn't gone up. The price of the dollar has simply plummeted.

Thanks!

Totally - its good you see it my way!

WOW nice rap !!!!

it actually vanishingly small, because we dont live long in the overall scheme of things

@@yarpos I wasn't referring to an event that would affect all life on Earth, just one that would destroy our current worldwide human civilization.

Totally right, its the gold and silver that hold the value and fiat loses value.

Yep, that is now a factor that was not here when this video was made!

Where I live, silver is taxed. Gold is not. You automatically pay a ~20% premium on silver, because of this.

louisvl10 In Cali, purchases of Silver $1500.00 and over are not taxed. Wow surprising.

Nixon, 1971.

I have 300 trillion Zimbabwe dollars, bought them for less than a dollar. But they have become collectable and hench they hold a much higher value today. There is a chance of similar thing happening to the Venezuelan bills.. so there are a few opportunists that have jumped on that train.

Thanks guys, I have a new Idea now 😃

Guns and ammo can get you a lot of silver

@Mario Salinas as a prepper the way i look at it us as a long term prep. Ive got the firearms and plenty of ammo, ive got the stored food and heirloom seeds, so now its time to get the gold and silver that I'll have for the point that society would be rebuilding itself. And hell who knows. Get enough gold and silver and eventually if you have a SHTF community thats grown to 1000+ people than you can start making your own coins for the market. Put your own face on it and you have your own little kingdom. And if SHTF never happens, than I'll hopefully have a small treasure chest for each of my children ya know

I agree, its the value of fiat that makes the difference. Makes a good gift too!

money system has all but now collapsed. so buy silver. you will get rich. great.

I have a business management background - I just like to think and talk about silver is all!

Thanks for sharing your thoughts and experiences Jamie - very interesting stuff and its great to hear you giving silver away as wedding favours!

Exactly. I'm a lifer.

I'm not against flipping my precious metals, but it's really not the primary reason why I'm stockpiling it. If platinum or gold go up to 3,000 a troy, I'll consider trading. Depends on if I think this country can recover or not when it hits those price levels. If not, obviously I won't be selling. Being an unguided missile in an ever-changing world is a bad idea. Be a smart missile. Keep an eye on the terrain as you travel over it.

well done. silver has exploded. you can make lots soon, great.

Not yet

What are you gonna do with the money once you sell it?..

Thanks for sharing your thoughts!

Thanks for sharing your thoughts on the subject!

I do the same

Try to find a dealer with the cheapest sell price and the highest buy price. Or, go to the private market.

I always found that going to your local coin show by searching google is the best way. Often times, 10-15 dealers will attend each show and you can comparison show table to table to find deals over spot

Get yourself onto the silver forum. The answers you want are there.

Do you have access to APMEX in the UK? If you search the site you can find some okay deals. I like the convenience and free shipping. Last $10 roll of US silver quarters cost me $132 USD with silver at $17/oz. If I could wire or use Bitcoin, it's cheaper.

I've bought over a 1000 oz of silver from www.silver-to-go.com they in Germany, delivery is usually 2-3 days via UPS and there pricing is very good and no customs duty to pay.

@@neilbedford2756 I'll go check them out too, because it's a kilo I'm looking for, at a good price. Cheers, mate.👍

Thanks for sharing your thoughts on the subject!

I think that real estate is a very good long term thing to hold. I see gold and silver in the same category, except they dont produce you rent over time. Having a diverse portfolio is key.

Carol you spot price silver? Never understand. 10 cents really doesn’t matter in the big picture. I purchase certain items as close to the spot price as possible. I purchase others for their aesthetic value. Others for the number minted that year. The first, for resale in retirement. The second for the art. The third to pass on to my family and friends.

Nope, just keep on stacking that silver!

but cheapers better...lol. Get it while it's cheap baby! Wish i had more money. I'd buy more silver.

@@timothylongmore7325 you dont have money to buy more but you like it to bee cheaper ?????

Sounds like a good plan, but the world runs on Fiat currently

Interesting way of thinking!

Buy the land, the women come with it

@@zoraster3749 Or at least some pretty sheep.

You win the lottery often to make a profit!?

@@BackyardBullion no

Very true

Yes indeed, it's going to be a mad Max scenario

@Cosmic Dissonance Gold and silver are noble metals. Both have uses in the industrial sector and health industries. They are not worthless but eventually could be replaced by new technologies. As far as the dollar goes, I had the best unforgettable steak dinner last evening and the restaurant excepted my cash.

I don't think gold will go to 10,000. I think metals will go up but not that high.

Yeah, that is why gold is so much better

They are very nice aren't they!

1 oz of silver is still worth 1 oz of silver though.

Thanks for sharing your thoughts! It's a very hard thing to plan for - but sounds like you have the right mindset

Very unlikely to happen 6 the ago, looking pretty likely now

i dont get it - silver prices though seem to go down during a recession, as it just did so how is this an savings strategy in those times?

@@chukah9484 affordable now, but also it depends on your long or short term strategy, i'm looking for the gold/ silver ration to close up along with the fiat currency to goto 0

Probably the same reason as many people!

Masum Khan I do to..😂😂😂

The backing must be 1 to 1 CONVERTIBLE! or it would be meaningless.

Excellent, thanks for letting me know!

It is an interesting one, selling. You can sell to the second hand market - but that is hard without a seller reputation. Or you can sell to dealers and you can get lower prices but quicker sales.

You don't sell it. You trade it for some other hard asset like land. For silver to skyrocket there has to be some sort of catastrophe with fiat currency. At any rate the paper currency would be worthless then.

It's certainly a better return than a bank account for sure!

Fair enough!

The rises we have seen this week are a little annoying as I was hoping to make a purchase but I think holding off will be fine.