#Gold #silver #preciousmetals
In this video I talk about silver price and gold price and how I do not care about whether the price of silver or the price of gold goes up or down. Silver markets are volatile and they change and so are gold markets. Silver stacking is a long term game and so is gold stacking. Investing in silver should be done with responsibility and care for how you want to achieve your goals. Silver price changes do not worry me and I do not care about what happens even with the price of gold. Buying silver should not be done staring at a screen waiting for the price of silver to go down. The same is true for buying gold. Investing in silver and gold are great but are not something you should enter lightly.
This video is my opinion only and should not be interpreted as financial advice.
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Topics covered in this video:
Silver Price, Price of silver, gold price, price of gold, silver, gold, investing in silver, stacking silver, silver stacking, investing in gold, gold investing, gold stacking, silver investing, Coins, silver coins, silver bars, buy silver, buy gold, buying silver, buying gold, gold investment, silver investment, how to buy gold, how to buy silver, investing, inflation, recession, silver and gold, backyard bullion, BYB,
32 Comments
I have heard of a monkey's uncle but never a flying monkey's uncle….
Good stuff!
I enjoyed reading up on the historical silver content in a Pound of silver. Also in relation to the US dollar. Ordinary citizens are marketed to believe it's not relevant to own.
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Good points – as always BYB.
My approach is slightly different to yours in as much as I'm a chap in my early 60s – so I don't have time on my side in the way that you do. Also, I'm on a tight budget, so setting price targets and acquiring silver on the dips, or when there's a really good deal on offer, is necessarily more important for me than it is for you. Horses for courses, I guess. 😉
Hyperinflation pushed my grandparents from Germany, among other issues… not good
Atta boy. My liquid finances are too meager to allow for truck backing up when it's down plus I was focused on saving for gold pick ups. I just pick up what I can afford, keep calm and carry on.
I agree and I also disagree. I think if you're buying for the very long term, it doesn't matter. However, watching the market price and taking advantage of low prices, is just plain good business. If you're buying stock, you buy at the lowest price you can. Silver is no different. Just my 2 cents…pun intended!!
Same boat, buy what my budget allows me to do throughout the year and look forward to the future. That's it tbh.
And this is why I watch you and 2is1. More realistic than most
I usually check once a week or so unless I see a bunch of videos popping up talking about spot price. Ha ha!
Glad to listen to a level-headed voice.
Makes videos about gold and silver but doesn't watch the spot price. RIGHT!!!
100% with what you value your silver at, not spot price. IMO at least what you paid for the coin plus $8-$10 plus shipping minimum. If I were to sell (highly unlikely)
I care about the price especially when I'm buying!!!!
I care to a degree when I'm ready to buy. But it ultimately makes no difference.
Keep it grounded, honest reasonable expectations and strategies are what's needed. Great content, thanks.
As a general rule if I see a thumbnail promising me $100 Silver I hide the channel in my You Tube recommendations. It’s not happening for a long, long time if ever.
I buy and sell pm usually whatever the price is on the day, on any day. Thanks for sharing.
Certain people have different reasons for the rise and fall of silver and gold some want to be able to get silver and gold low as possible and some want to be able to sell some of what they have and make a profit me I'm just trying to make sure that I don't need to sell anytime soon
I would have to agree with you that the spot price of precious metals just doesn't matter now that premiums are breaking away and truly holding the real inflation rate is all that matters.. being that they lie about the inflation rate at 7 or 8% when it's really 18% by buying physical gold and silver you're getting an automatic 18% return of purchasing power to meet that with stocks or any other Fiat denominated asset you would have to be getting over an 18% return which majority do not
I guess as a stacker, you live in both camps. If silver is up, your stack value increases, but it's more expensive to add it. If silver is down, stack value decreases, but it's cheaper to add to it. So in a way it averages out.
Everyone wants it to take off. I just wanna be able to buy 22$ ozs again
Which is your go-to outlet to buy gold and silver? Royal Mint? I've heard you mention before on another video, I don't know which video!
To be fair I prefer a low gold/silver/platinum spot price. It means I can buy more with the worthless fiat stuff I get paid with.
You know BB, if these other channels call a bull run for silver everytime there's an upturn, one day they'll be right and they will claim that they called it. Then we can go through their posted videos to find the other several dozen incorrect predictions and remind them that that is not quite the case. Sadly though, people tend to believe the best case scenario about themselves, so a valid chiding, may never get through. Plus, there's so many channel hits in upward predictions and perhaps a lot of personally invested wishful thinking. As they have stacks too.
Very good my good man.
Good one
Couldn't agree more slow and steady is the key to successful stacking. Every now and again a silver deal may come up but i normally flip for gold for the long term l and too keep my gold silver ratio where I like.
Appreciate the logical approach on your videos. I am in the same camp as yourself. I buy what I can when I have it scheduled. Price is not that important to me, though as the case in the last couple days will not buy into a crazy spike. May you and all those you love have a blessed Christmas.
Good points
Am pretty pragmatic re prices too.. Although one mini challenge to keep me motivated is moving the cost dollar average down.. Thanks for sharing the schedule with the ramblers.. Happy Christmas BYB 👍👍👍
Jeez, had to do some "after dark gardening" to find this but… My dad bought a 1911 gold sovereign in 1994 for £62 at auction. 28 years later, it's now worth anywhere between £460 and £600. Someone here will be able to do the inflation maths but basically at the high end it's 10x'd in pound value