#Gold #silver #preciousmetals
In this video I talk about some of the reasons why you should be very cautious and careful when buying gold or silver. Silver stacking or silver investing is not without its risks and should be done with a sense of what is right for you in your own financial circumstances. Silver investing can yield great returns beyond the financial freedom it gives but it can also be a liability. Be very careful when buying silver and gold that you are doing so at the right time in your life with the right reasons behind your decision.
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20 Comments
YOU MAKE SOME GOOD POINTS ABOUT SILVER AND GOLD. I ALWAYS GOT A LAUGH OUT OF THESE VIDEO'S THAT SAID SILVER WILL HIT $500 A OUNCE GOLD WILL HIT $10,000 A OUNCE. I AM A LONG TIME STACKER, 55 YEARS NEXT MONTH, AN I DO BELIEVE IN SILVER AND GOLD. I BUY WHEN ITS LOW AND SELL WHEN IT GOES UP. I SOLD SOME IN 1980 AND 2008-2011. IT IS NOT A SIN TO SELL WHEN THE PRICE IS HIGH AND TAKE A PROFIT JUST DO NOT SELL IT ALL. AS FAR AS OTHER INVESTMENTS I DO NOT TRUST CRYPTO'S AND I DISLIKE DIGITAL INVESTMENTS AS I HAVE A FEW FRIENDS WHO WERE HACKED AND LOST LOTS OF MONEY. I AM JUST NOT COMFORTABLE WITH DIGITAL INVESTMENTS ANYMORE.
Tin foil stackers????
You got yourself a new subscriber I fully agree with you and if silver ever hits 1000 an ounce a coffee on the street will cost 400 the impact you tubers never say that
You should stick to precious metals,
Leave American politics alone,,,, unless you REALLY know..
🤫
The REAL US election conspiracy occurred in November 2020 not January 2021.
Excellent rambling!
But…
Some conspiracies are real: four men in a pub conspired to get rid of King James II in favour of William of Orange in 1688.
During the late 1800s people were reporting sightings and contacts with strange people in unidentified airships (instead of aliens in flying saucers).
But one thing we can all agree on, is that precious metals are a good long term investment, and not a get rich quick rocket!
When I first started I watched everything I could but you weed out the trash channels overtime and find the decent ones
😍 the 100oz Germania bar 😍
It also strongly depends on what kind of things you stack for purely àppreciation. I rarely buy much bullion and much prefer proofs such as sovereigns which have done particularly well over the last decade.
I know you’ve touched on it before buddy however I think ppl need to also think about the end game.. and should the worst ever happen who and where do our collections go.. 🙂👍🏽
The silver I'm stacking is not for me, in 10-12 years I hope to hand it over to my daughter… For me it's just a long term store of wealth and hedge against inflation. I do not believe I will get rich from it, but I do hope it will benefit my daughter…. She can cash it in or add to it.
Thing about conspiracy theories is, there are people behind closed doors having secret meetings and plotting everything and anything….. every boardroom in the world are full of them, all meeting to decide how to take as much money as they can from your pocket. Zoom meetings on how to sell to you, interest groups on how to influence you, a political cabinet on how to control you and nutters on how to destract you. They are out to get you and over the past few years it has scared me how easily the public fall in line to the current thing.
Is that a silver Valcambi bar. Oh how can anyone do that . Why oh why?
Love your videos and your channel. Talking so much sence always. Please could you do me a favour. You have touched on it a few times saying if the dollar collapsed beleive me there would be worse problems. I've obviously seen many videos on YouTube about that. However it would be great to hear more of your thoughts on it. So if you done a video on what you beleive would happen if the dollar did collapse that would be great.
Thank you Backyard Bullion. We need more reasonable content creators as yourself. Keep smiling!
You forgot "The girlfriend nicked it " issue.
Schoolboy errors?
I actually got into gold and silver because I wanted to allocate 10% of my portfolio to previous metals, as a primarily crypto buyer…Now I have like 10% crypto 90% gold and silver. Whoops. It's so addictive
Human intelligence has its limit, but not so with stupidity, and its not a modern day phenomena either, way before social media & films existed people were being accused for heresy and burnt at the stake.
Rational thinking. It is refreshing that BB has the courage to be a lonely voice of reason in the hyperbolic YT PM wilderness. I'm old enough to remember when "None Dare Call It Conspiracy" was published in the US in 1971. The bogey man was the Trilateral Commission (with Henry Kissinger) conspiring to control the world.
Your clear-eyed message about diversification deserves a widespread audience. I aim to sell my small stash of PMs when I want to, not when I have to.
If 'shtf' I don't think people will turn to gold and silver, I mean as far as aware I'm the only person in my social sphere that owns any precious metals and is aware of the market surrounding it. I don't think they'd be accepting my pms in exchange for food and water
I just see it as a little nest egg ready for my retirement in 40 years to supplement a pension, as long as it keeps ahead of inflation then happy days