#Gold #silver #preciousmetals
In this video I talk about the rising rates of inflation and the need to preserve ones wealth. Silver and gold are traditionally a great hedge against inflation but for the US $ this has not been the case with a huge drop in the value of gold and therefore not actually performing well vs Inflation. However in the UK and the £ GBP there has been a massive gain against inflation and as such it is a great tool.
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30 Comments
If you can afford it, it will surely hold your wealth.
How long is long term? From buying precious metal how long would hold before you sell?
with PM premiums here in the US I have stopped buying the physical stuff and put more into my digital portfolio and buying paper silver and gold alongside my stocks now I do take advantage of deals when they do pop up like my local shop got a ton of Morgan in last week and sold them at $22 a coin as his sticker price I was able to walk out with 10 Morgans for $200
Thanks for your insights. Planning on buying another 1/4 Oz gold coin and maybe 4 more 1oz silver coins this year. Also topping up a gold-linked bank account. That 100oz silver bar looks amazing!
Gold price is too high at present.
Personally there needs to be a different mindset when it comes to the value of gold and silver than what everyone currently has. People need to stop measuring the value of silver and gold to the heavily manipulated precious metals market and view them as a measurement to other commodities. So for example, people should be thinking to themselves how much 1oz of silver is worth, and to me 1oz is a weeks worth of food. As for gold, 1oz would be the price of a motorbike, 5oz would get you a car and 100oz would get you a decent house. I'm not saying that these numbers are what we should all agree on, but measuring commodities against each other this way is way more useful than measuring gold and silver to the heavily paper derivative metals market. Just use this opportunity to grab all the cheapies while you can, the value in the fiat systems can only exist if there's faith in them. The western financial system is not immune and while I do think that the fiat systems aren't going to go away (they're way too convenient on a global scale) it doesn't pay to leave your savings in them.
Didn't 2 or 3 JPM bankers just get busted for manipulating the precious metals markets? You are definitely wrong about there not being manipulation.
You've been enjoying that bloater of a bar too much. It's filthy 🤣😉
Sadly, I'm not increasing, saving cash and nearly every expensive appliance has died on me. I will still keep my purchases maintained, but not more. I do love my 50 peso gold, my "assassin coin"!
if silver goes down to around 16 to 15 bucks I will buy a few 100oz bars depending on if I can get them for a decent price
Buying both but with silver went from government coins to 10oz bars because of premiums and was told at my local lcs when it comes to trading silver to gold I well get the same price on coins as bars
Gold is the currency of nations, silver the currency of gentlemen, and DEBT, the currency of slaves.
Definitely can appreciate your even keeled opinions on gold and silver; however, I've based my silver purchasing decisions on the fact that it's highly levered in paper trades vs what's available. With the green revolution at our door steps you have to wonder where it's all going to come from when data seems to indicate that our silver production peaked years ago and we're on the decline. Then you have countries like India and China basically snatching whatever they can get their hands on off the markets. Silver really is a multi faceted investment with many vectors in its favor and I feel like you're doing yourself a disservice when only considering it from a monetary/inflationary point of view. Will it go to the moon? Probably not. But I wouldn't assume that it won't or that the dollar is invincible. With the Moscow metals standard in the works and BRICS arising as a challenger to the SWIFT banking system it's anyone's guess what will happen in the commodity markets. Happy stacking!
I am in Egypt and gold is at a high premium beaucse inflation is about to hit so like 10 percent and buy buy it because inflation is at 20
22% inflation. Do you think the gold price in the UK will come down a lot over the next few months?
Today silver is under $ 18.50 ozt. in the USA !
I dunno.
When I look at the charts, more and more I think gold has already had its big move for the decade, over the last few years.
It could be stagnant for a while, during all this upcoming inflation. Which would be loss in buying power in the short and medium term.
Silver, on the other hand, is getting really volatile. And it is almost certainly undervalued.
It's unfathomable why it's so cheap actually – being hoovered up by the tech industry, and still it's cheaper than it's ever been (when adjusting historic prices for inflation).
If one of the metals is going to do well in the short / medium term, I'd say it's a going to be silver breaking out. Big time. Possibly in the next few years.
But this is all just total speculation. A gut feeling really. Definitely not advice. And, I have been wrong before.
But still, I'm definitely favouring Silver right now, myself.
I try to stay at 1 to 4 ratio, Silver to Gold
I mean Gold to Silver
I remember when gold was around 600 dollars per ounce. I bought a load. Wish i would have bought more.
Hello from across the pond from the US. I’ve been stacking for about two years seriously for about a year now before it was just kind of a hobby. I have a few different reasons why I do that first and foremost I am very bad at leaving cash in my bank account. If I have it I have a tendency to spend it. And instead of buying something that is totally useless and that I will have to throw out or that will not retain any value I purchase silver. The second reason is because of all the uncertainty that the current market has I don’t know what it has in store for I have since lost my crystal ball and I can’t predict what is going to be worth what six months a year down the road but what I do know is that silver and gold will still be worth something regardless of what happens that is in a surety to me will it fluctuate absolutely however if I need to sell it I know that I can because it will still be worth something maybe not what I hope but definitely something. I like to buy some silver with every paycheck or any time I get money as a savings account if you will. What I intend to do is buy a fair amount of silver and keep buying silver while the gold silver ratio is high whenever it tightens up and I’m sure at some point in my life when I am ready to it will drop down to where it is today at that point in time most of the silver I have my stock will be converted over to gold and I will focus on gold when it flips back my stack should also reflect that. It’s a small way for myself to gain wealth with money I have already put in to that “system“. I’m not looking to get rich overnight but if there is a way for me to make a couple extra dollars without having to work I would like to try.
was losing alot in Olymp trade before I started trading with Mr Legyy Martins .I'm proud to say I got over $16,900 in just four trades that could be you too
YouTube Panditry pivoting around Gold & Silver coins is rather pathetic bid for deliberately diverting attention from the fact that Gold and only Gold had been the ultimate and universal Fungible Asset rest of the so called Asset categories are directly or indirectly Derivatives of Gold- has been that way for 5000 years, although curriculum of Economics, Finance & Business never ever touch on this factual information- ever wonder why
Buy now while it's cheap. Fill your boots!
PM’s is a store of wealth . Regardless of what the paper illusion is . Don’t try to predict the for now manipulated price . Don’t expect to get rich quick.Dollar cost what excess fiat you have on hand . Don’t buy PM’s with credit , and HOOOOOLD . It reminds me of the movie Brave Heart . The scene ,first battle of SCOTTISH INDEPENDENCE . Have a happy day .✌️😎
Won't buy silver when spot is so low but premiums and vat add a further an extra 60% to the checkout cost
Tudor beast's next coin coming up! :0)
I lean a little on the gold side right now only because silver is too bulky. Silver has more upside potential but storage has become a bit of a problem. I Just moved to a new home and after moving my stack, I realized that I'm too heavy on silver. Wish I would have purchased more fractional Gold. It would have made things a little easier!
The price of silver has never had anything at all to do with inflation. More like dreaming speculation. I will stick with the yellow brick road.
Yankee did not coin that phrase, lol