Remember why you buy gold and silver! During these precious metal price drops, it’s so important to remember “why you buy” silver and gold! Successful investing is tough. Not so much because of a lack of skill, knowledge, or luck, but because of the need for DISCIPLINE! Seeing gold and silver spot price drops can make precious metals stackers wonder why we started stacking in the first place. There is another area that I think warrants taking advantage of this drop in silver and gold spot prices–and it avoids those nasty premiums too! Precious metal mining stocks. They are ANOTHER way to buy the dip with the gold and silver markets! I love to buy physical gold and silver as a way to protect me against failing currencies, failing central banks, failing governments! Gold and silver are WEALTH INSURANCE. However, one place where I DO try to make money is by speculating a VERY small portion of my wealth in mining stocks. I bought some shares of Gold Royalty Corp back in September 2021, and though I could have traded it months later for a profit, I didn’t. I think it would be foolish to buy the dip in the S&P500 or NASDAQ, but I may be doing that with Gold Royalty. Junior mining companies are a speculative play to BUILD some wealth during what I think is still a long-term bull market in gold.
https://goldroyalty.com
NYSE: GROY
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Topics Discussed: silver, gold, how to buy gold, inflation, CPI, gas price, oil, gold price, silver price, spot price, precious metals, economy, interest rates, stocks, mining stocks, stock market, investing, buy the dip, gold premiums, silver premiums, gold coin, gold buffalo, gold eagle, silver britannia, central banks, FED, federal reserve, invest, fiat currency, money, debt, silver stacking, stacking silver, stacking gold, gold bullion, silver bullion, investing in gold, how to invest in gold
#Gold #Silver #Investing
38 Comments
Whoa! Just took a look at GROY profile and bought in! I’m a little upset Robinhood never recommended this stock considering how much I research mining companies on their App. Gold Royalties Corp. is THE perfect stock to buy right now with mines starting to hurt for cash in this big dip. What a beautiful setup the company is sitting on at the moment. Thanks for making this video and introducing the company. 👍🏽
I had some crypto stocks and they did great than did terrible. But I also had bought barrick gold and sold it near the high before the fall last year. Thankfully I'm learning about other junior mining groups. Maybe I can make back what was lost and did better with new knowledge. Thanks for more insight!
The dip buying is definitely helping in bringing my dollar cost averaging down. Premiums are still high, so shopping around is a must. I don’t have a dealer close by, so all of my purchases are online. I wish I had a Tim down the street but no such luck. 🇨🇦🇺🇸Cheers everyone. Stack on
Nice video. I think I'm going to try and get GROY under $2. As far as stacking I'm stacking cash now, need to take a break from buying PM for a bit. Gl all
Nice stacks!
Yankee. Want to jump but it’s confusing to this broken disabled, 71yo man. Thank you for posting.
Metals take a little time to spend. Gives one time to think a bit before blowing cash on a whim. Cash is to easy to spend.
What is your thoughts on platinum seems like a deal right now.
At this time I feel more comfortable with staying that way , out away from the red light sale on isle one . I'd say if you don't have none , now is the time to stock up . Just don't do it like me and our favorite coin dealer , too the rafters and checking the phone app twenty four seven and tripping over it in the morning . Rolling rolling , keep them coins ah rolling . T/C/E
Not big into the mining stocks. But your channel is my all round favorite stacking channel.
Yankee, if I can find someone to sell silver eagles at less than $18, would you suggest I buy as many as I can?
I’m in a HODL Pattern
Keeping what I’ve Stacked
Waiting for the Bottom, but that’s me.
Does he stack?
I started stacking because I had too much money and needed to lose some.😎
Green energy needs lots of silver
One thing royalty folks don't talk about is the funding needed to get those royalties. It's not just ipo funds, they also take on significant debt at times to buy into mines tp get the royalties.groy is loss making at the moment and whilst debt is minimal. Being loss making means dividends are not sustainable. However the chart is just going one direction which is down. As recession hits and fed rates continue to rise, stocks and property will sell off as will gold. Won't be until fed pivots that gold will rise. At the moment it's still best to be in the dollar trade for short term. And when fed pivots to pickup stocks whether gold mining or other growth stocks as there will be a credit impulse followed by better earnings
convert slowly, convert consistently, but ALWAYS convert within YOUR BUDGET. Don't FOMO!!!!
Notice…I didn't say 'buy'…you are never buying precious metals… you are converting your fiat.
You bought it because you got paid to pump it.
What an absolute waste of my effort to invest in metals !! Dollar will be king
They're spoofing again today?
I don't hink I have ever seen a Junior Miner Stock make money and wouldn't touch them with a 10 foot pole. If you can take a gamble and afford to lose your stake then good luck to you. I did the same with Crypto and did well when I sold most of holding in mid 2021, but he rest have suffered and will probably go to nothing. Personally, the best gamble is go to the Horse Racing Course, have a good meal a few drinks and smile as the bookmaker marches off with your hard earned money and go home and count your physical stack and…..😀.
I hate it when it turns into a commercial Yankee
One big commercial
I think timing is key, Yankee. When you buy gold and silver, you have to buy wherever you get a great deal. In some cases, you have to hunt for deals. It may even mean you might have to look for international suppliers who offer you gold and silver for less.
Being 65 now I have to tread carefully as I cannot “wait” for any recovery of anything at this point… Lol maybe the kids will benefit. I will leave a legacy behind, small but good and it will not be in Fiat for damm sure.
I have a question on the rapid drop of spot price for gold and silver. Is China and India selling off massive amounts to create a panic sell off for the rest world to follow? I thank you and Tim for all your hard work. 🐘🙂
Just added 3 oz of gold to my collection this week. I'm not worried about the price, I hope it will go down a bit more so that I can stack more. To me, gold is wealth preservation.
I’ve been waiting for 2 years. I can wait another.
Silver isn't a hedge against inflation. Look for yourself Inflation is up, and silver is stagnant. It's a scam like every thing else
Because I like shiny stuff
Patience??? I waited 11 years and silver hasn't done shit. I lost 11 years of my life now.. SILVER IS A WASTE OF TIME!!!!!!!!! All these experts are full of shit. SILVER WILL DROP TO UNDER $8 AND STAY THERE FOR DECADES!!!! DUMP YOUR SILVER NOW!!!!
Not buying gold and silver , Gold going to 1100.00 and silver 12.00 soon.Heavily manipulated and always will be .
How will this all look if the depopulation of about 95% of people slowly comes true, I wonder…..
When an atomic bomb hits NYC, wall Street crashes, the banks are closed, nobody has any food, and everyone's running around like Sri Lanka, I'll still be able to get my money out of my dopey derivative games, right?
Greetings from Türkiye Izmir ….Yankee some of your followers say that gold once price will be 1100 ..? What do you think please ? And for all informations
My personal experience is that u buy and sell silver and buy and hold gold. Silver goes up and down over and over. I'm buying hard on silver as long as it's sub.20.00 as soon as it hits 21 I'm done and I wait for the manipulation up and I sell at 40. 20 to 40 is well within the norms and will happen again soon.
Tim has Ben serveising the stacking community for years. Bend over!
I love to hear your views for example if Silver did shoot up to 45 or $50 an ounce would you sell any if you had been a buyer of silver at below 20. Maybe a nice long detailed video would be great to hear!