Joe, you missed the Naughty Bears point. This needs to be a collective effort by millions to max out credit cards buying gold and silver then all declaring bankrupcy at once. This would clogg up the system while bringing down the banks resulting in gold and silver prices skyrocketing and transferring the wealth back to the middle class by the same mechanisms and policies it was stolen... Why not move beyond chanting in the street....
@DeadEndFed Ouch you just lost a fortune today as everyone must of listened to me by selling off their silver and gold giving their lowest one day drop in 2 years. Depending on the price you bought those at you likely have lost hundreds or thousands today.
@jbarba lol yes I lost my gain from last week , I dont think you moved the markets :) , I'll blame the latest desperate Margin hikes on gold futures contracts. It was interesting today that GLD was down 3.5% while The futures contracts were down about 5%. at the same time I wonder what GATA would say about that.
@DivinityInside I would pay you to convince my wife of this logic ;) , Im half in.. but my bucket has a leak on one side :) Oh well at least she is spending fiat for now. Thank you for the good advise for all.
The idiots are buying gold at 200% and silver at 1000% of its actual value compared to the amount that is available in the world. When the rich begin to sell it off and decide to make some money off the fools that are hoping others will raise the price you are going to see a lot of fools crying and being a lot poor. Silver and Gold fever is a live and well once again. It was dead in the 1990s but once again a bunch of idiots and fools have made that $6 an once bar of silver become worth $42. lol
@jbarba I hope you really believe this , since I'm heavily invested in silver and gold. Until it is hard to find people with this point of view, I suspect my investments will do fine. How is price determined? Think about it. Thank you.
@41stgaming Trust me this guy knows far more about money then most. The chickens are for food. However, I wouldn't trust anyone with the US Dollar that spent most of there childhood in other countries, including present-day Zimbabwe, Zambia, India, and Thailand. Guess who? Timothy Geithner our Treasury Secretary. I wish I was making it up.
Its also sort of immoral to intentionally default on debt you never intended to pay in the first place. Lost income /job I get, but intentional new debt to default ? I know morals and banking?... nevermind i said that, at least your not a banker, do what you will but your playing with timing fire on "margin" :) Deflation still could happen. maybe.
@DeadEndFed Very true Deflation could happen. But Green span kind of hinted towards hyperinflation in a recent interview stating, "America can always print money to pay down the debt..."
@187dAFeD I would agree that hyperinflation does seem more likely; long term. I just fear a trick up the counterfeiters sleeves. Dual currencies? Government debt defaults?, but our debt survives, etc Some new scam I don't see coming. I subscribed to your youtube channel, thank you for supporting Ron Paul! Ive read his books. I always vote for him.
@DeadEndFed your right about something being up their sleeves, however, I think it is too late for that. We are in that place where all historic hyperinflated currencies were. Forever, I thought for sure that they would deflate the money supply in order to provide chaos and keep the debt. When we take into consideration all of the programs that the establishment keeps financing the only logical conclusion is that they have to continue to finance it. This will only lead to hyper. subbed right bak
I must admit I have been tempted to use my chase credit card to buy silver, but anytime you use credit to invest you turn the element of timing against you. Like all the paper futures players that got knocked out when they raised all the silvers futures trading requirements. VERY interesting that Gold hikes didn't drop gold like silver. Deep pockets in gold and silver now.
yeah i think the interest on the money owed would be likly to sink the boat b4 u can cash in the silver. It's probably not imposible to do if u plan it out smart and work out the risks and how to manage them. But yeah for most people including me i don't think it's a great idea either
Is using plastic to buy metals ultra-shorting cash?
It might raise some eyebrows if you buy a few billion ounces, but it seems like the private & feds' fad is to manipulate the price to suit them and make a ton of cash either way.
I've got nothing to lose..no property no wages to garnish..and they keep upping my credit limit..I'll play this little game till they stop giving me credit.
Silver and gold are dead in the water...what doesn't go up will go down..mark my words..they've been dead for a few days now..if they don't start up soon, they will drop.
Borowwing to buy silver does create money, which in turn adds to inflation but this increases silver prices by much more, since you're also depleting silver stocks.
Credit card interest is very high but with silver increasing in value by 40-70 % per year It can work to max out the cards as long as you have enough for the minimum monthly payments.
If you can borrow at 0% for 12 or 15 months and then transfer it to another card for another 12 months, i don't see a problem. If during this time the economy picks up and wages rise then pay it off as you go, if however the system crashes then i doubt anyone will be paying any debts so just go with the flow. Either way your silver will increase in value so all is good :)
If you have 0% for a year or more and have a job why on earth WOULDN'T you get all the silver you can get? If you wait a year you'll be paying a lot more.
@ Silverfuturist I use cash as first priority. If not possible, like when buying online from Provident Metals or APMEX I always pay by check. you get a discount that way.
Good advice Joe.
Say...are we ever going to see the footage from Max and Stacy in NY?
Too late! I bought two monster boxes of silver eagles on my credit cards when silver was in the high twenties. I don't regret it, but I know I got lucky!
Joe you are not addressing the issue of people maxing out the cards with no intention of paying the cards back to buy silver. You are assuming with your statement that they will have to be paid back, well not really. Credit Cards are unsecured.
@jimbobubbadj You mentioned that the present system will go on for 10 years, you could be right. IMHO and that of many others, it will be lucky if it goes on another year or two.
I'm with you...keep it clean...no borrowing for anything...but I understand that I might be in the minority. No problem there. To each his or her own...
I put a lot of silver on credit a while back. I'm paying off the paper debt with paper at a 6% interest rate. The metals are up over 100% from when I moved into the market. The math is currently working in my favor, and I suspect that the math will continue to work in my favor...
Yes, bankruptcy can hurt the debt system, but when you file bankruptcy they look back a certain number of months. I think it's 6 or so. So if you buy metals on credit, you have to wait several months to file bankruptcy. The risk is that the court may not allow 'recent' luxury purchases to be discharged.
Buy and Hold ...if silver gets cut in half. Hold like a retirement plan.Joe's right ... do not buy more than you could afford . Do not buy 10,000 dollars worth of coins if you only make 50 grand . Living paycheck to paycheck.Try not to sell at a loss. Thanks for reading and I hope you learn something..........
I kinda agree with you. I don't completely because i have been putting silver on my cards, but i open a 1 year 0% apr on purchases credit card first, then pay it off over 1 full year. By years end the price has always been higher than the year prior. At least in my experience and looking at the historic silver price.
It is much easier to buy with credit card it worked for me but i have had a plan ahead of time, on the other hand i agree with you joe. you should pay off your credit card every month when it comes to pm's. thanks Joe
Hi, If everyone maxed out their cards on gold and silver then declared bankrupcy at the same time, they could rupture wall street, the banksters and the whole financial system and get rich at the same time. The wealth would be transferred from the few back to the many by the same mechanism it was stolen.
Good advice ... I think the only thing that you can maybe buy using debt is gold, since the price doesn't go down so much.
You should have also mentioned the fact that margin requirements can be raised without notice, just like they did to silver a few months ago. That can be very dangerous for people who take a lot of risks.
It works if you already have the money in savings and have a 0% credit card offer. Might as well take advantage of it if you know you can pay it all back before the 0% ends. Also most cards pay cash back.
Hey Joe, love your channel. I got a chicken question, what do you feed them, I have been buying organic chicken feed but that stuff is expensive, any suggestions?
I highly recommend you take as much as you can grab from the whole system before it all collapses !!! More that grab the faster the system collapses!!! This time Silverfuturist I disagree with you on this one!!! Crash the system and abuse it if they let you!!!
Silverfuturist, Damon Vickers is the least impressive analyst that you mention in your videos. A close second would be SGTBull and Bob Chapman, the world champions of "sky is falling" metals marketing. Vickers made his own "Damon Vickers Was Right" video, which is a tacky attempt at establishing Peter Schiff type status in the community. Not feeling Vickers at all and I unsubbed from his channel a shortwhile after watching a few of his videos. Regarding the buying Au on credit, def risky, agree.
No kidding! I always pay off my cards every month. Plus the intrest payments. Who the hell wants to pay intrest and lose what little you make on the gold and silver as it stands now. Credit cards suck unless you can pay them off..
It's the banks fault that they don't know how to properly assess risk of default. I say if this is your plan, or you have a hybrid version of it, then go for it. We too have been enabled to be potential weapons of financial destruction. Muahahahahaha
How could they force you to sell your pm to cover your debts? The beauty of pm is its off the grid and they have no proof of what you hold. I do agree that silver is a long term investment and very voatile (i buy and hold) but even getting a loan today to buy at what i consider cheap silver price makes sense. Speculators have silver hitting 75 - 100 by years end (who knows) but if it did you could sell some pm to cover the debt and still have extra ounces left over. Thanks for the hard work
@stangGTKKK187 so what your saying is you fell for there trick, they will haunt you forever!!!!!! 20 years down the road it will still be there on your credit report.
@stangGTKKK187 Good for you! it's the stupid banks who got us into this mess. There is NO law saying you have to pay off your debt. I think the debt limit is 7 years. Then you can walk away...check your local laws online. There is a statue of limitation on debt. Good for you Stang! keep that gun loaded to protect your Silver Stash. DO not let the Federal Reserve intimidate you.
I agree about Credit card 20%. Margins at 4-8% or mortgage equity at 2-4% can make you more rich. On the short term you may be forced to sell at the loss to make payment. If you sell 5-10% of your investment at the loss and 90-95% at the gain you should be alright.
I would recommend to be able to pay min 6 months before start selling 12 months to make sure. Play with the numbers to value the risk scenario I have min 3 videos on leverage. ONLY BUY PHYSICAL WITH BORROWED $, NO PAPER or stock.
Max your credit cards on PM, pay for 6 months, default. During the six months of payment, to disguise intent of default, study laws in regards to YOUR rights as a borrower, credit card co's obligations; ACQUISITION, and do not respond to ANY letter or call. Research before attempt and comprehend risk. There are many informative presentations available. Trickle down default, coming to your neighborhood!
Well, if you think **** will hit the fan big time very soon, then you could max out all credit cards, buy PMs anonymously, hide it, default on your debt, wait for world's end, unearth your PMs and be rich.
Also, countries are selling their debt right? Can I do that as a private person too? :-)
I agree with this video. jsnip4 of realist news was just saying how he used his credit card to buy physical silver. In fact he strategically defaulted on his credit cards after maxing them out to buy Physical silver. I told him not only was this morally wrong but a bad idea in general. He claims and believes silver will be 50+ and has even gone as far as to say we will see 75 dollar silver this year! NEVER happen.
When I tried to cancel my credit card the cc company tried so hard to convince me to do otherwise... Are they making money on people just holding a credit card,even an unused one like mine's?
Hmmm.... I was kinda jealous of my one friend who was able to buy 200 Ounces of Silver on a 0% Interest Card until November. He just wants to make $7-$9 profit per Ounce. Since he got in at $37 I think he's got nothing to worry about but you bring up some very good points. I don't think he's even given the possibilty of a Silver/Gold crash in the next 3 Months..... I don't see it happening myself but you never know!!
Hey Joe, Brown chickens lay brown eggs and white chickens lay white eggs?!! I saw it in an article I was reading. Not a farm girl. Would love to live in your surrounding!! Healthy living!! Be well!!!!
Hey Joe, when you gonna chop some chicken heads off? Can't wait to see JP Morgan get its Head cut off so it can roll on the ground and gasp its lost breath and spill its last drop of blood!!
Why Joe, haven't you heard of the 2013 worldwide debt destruction jubilee? You think tabs are going to somehow get paid the planet over 100 cents on the $? I say charge away, it's your best shot to game them b/f it is game over.
Sound advice Joe... tho I did take Satan's bank - JPM Chase up on their 12 month 0% offer and there is a certain ironic beauty to using Satan's bank to finance my purchases at 0%. Crash JPM buy Silver! :)
JP Morgan is massively shorting silver, right. Doesn't that make some of you afraid that the price will crash sooner than expected. Could they actually profit from that ? Or did they go in too early for that ?
STRONGLY STRONGLY STRONGLY disagree. I bought and used a credit card back when it was $28 in December. It went to $50 and is now $40. It's not worth waiting around to see if JP Morgan can push it back down into the $20s or lower if people don't already have any silver. If you don't have silver, my advise is to buy some now rather than wait. Lindsey Williams says silver will be 20-25% later this year based on inside info from oil executive. He has a 100% track record by the way.
I can get a lot of student loan against a ridiculous 1,5% annual interest rate. I use the money to buy gold and silver and stack up cash when markets go down like they did last week and the week before. Besides my loan i have enough income to secure my investment. With such low interest it was a no-brainer to me to buy the metal, which should yield higher than inflation.
Some people just strategically default on the credit cards. It's not criminal to default on the credit cards if you can't pay. It's a civil matter, and they can only come after a portion of your paycheck, freeze your bank account, put a lien on your home, etc... if they sue you and win. But if those issues aren't a factor... then there's nothing to loose. If there are assets at risk, some people do asset protection. Contact me if anyone has more questions. P.S. Im not an attorney or advisor.
Not to mention using a credit card feeds the beast. They make money every which way to Sunday. I think they are called "interchange fees" there are 6-8 that happen between the time the card is swiped and the bank processes it, In other words much more money are made on credit/debit card transactions that the average person remotely realizes.
@vegaswolf Feeds the beast? Which beast is that? Hmmm, are you saying people shouldn't have credit cards? How come? If they want to be an indentured servant to someone what business is that of yours?
@bweazel None, if people want to be drooling morons who have no idea what they are getting into and where the money goes (costs rise when credit is used by the way - that's what business it is of mine.) so be it.
@vegaswolf In what way does using credit raise prices? Drooling morons? Why so negative? Are you sure this raise in price isn't offset somewhere else? I don't see how someone else's transaction (if it's borrowed money or not) raising the cost of something you also want to buy is any of your business. A higher demand with unchanged supply will always raise price in the short term.
@bweazel First of all you attacked me by telling me it's none of my business. And credit does make prices go up. What if mortgages did not exist? Do you think for one second house prices could be so high? Any time credit is used it artificially props up prices as people look at the "monthly payment" rather than the intrinsic value of the object itself. As in the SLV market same thing, options are credit, and falsely boost prices. That my friend is a fact.
@vegaswolf Calm yourself, brother. Just having a conversation is all. Mortgages have existed for a very long time, so us talking about them not existing is pretty pointless. I realize what you're saying, and I agree, but I don't agree to the extent you do. You seem to be arguing that a raise in the price of something, fueled even a little bit by credit is immoral. I'm asking why? And do you believe that it could reduce prices elsewhere? When you pay back the interest? Does it all net out?
@bweazel Murder has existed for a long time too but we'd rather live without it. Let's end this i've already extended too much of my time on this nonsense. Adios.
@vegaswolf Talking to people is nonsense? I guess that's why you're such a defensive and "well rounded" person. Murder and homeownership are not the same topic, they aren't even the same ballpark, hell, they aren't even the same planet. Peace.
Good job Joe. Thanks for putting the idea of maxing out credit cards to buy pm's. We got a guy in here thinking of knocking over a credit card company.
precious metal holder's are long term , we horde , we save , we do not borrow , we despise credit , it go's against the very thing i am doing , if you have the spare money then buy, do not borrow , this is a silver channel. i am drunk..........zedfrvethyrmiuyhyvc
@bweazel true , but i am not going to pay %29 apr against silver over the next ten year's on £20.000 , this is pointless. plus the money i got to buy my silver is some what questionable!!!!
I use a money order for online purchases and cash for local dealers. Never would use a credit card for PM's because theres a interest rate on credit cards. So your really paying more for your silver and gold! Good vid SF.
Only an idiot would buy gold/silver with borrowed money at a 20%+ interest rate.
Damon Vicker's is ruffling our feathers (pun intended).
You have a tiny % of the population buying a meaningless amount of gold/silver.
Less than $5000 each. That is like a tiny % of the population buying a dozen shares of a company and claiming its a bubble because the little guy is in. The amount they are buying is so miniscule its irrelevant.
Um, references please? When you're going to make extraordinary claims, you need extraordinary proof, right? Where do you get these facts from? less than $5000 each? You have some data on global PM demand broken down by individual, do you?
"We had to raise gold margins because the little guy was maxing out his credit cards to buy gold, knowing it would go higher. We didn't want the little guy to get squashed doing this! Once we raised the margins, the price pulled back bigtime, and the little guy lost his investment and now owes a bunch on his credit cards. Good thing we raised the margins, to help the little guy!" hehe
Generally speaking though, I agree with your sentiments that debt isn't a good way to live, and that it's usually better to buy everything (including PMs) with value you've already saved up and have expendable. If only the system were set up that way, it would make it easier for people, and everybody's finances would be healthier.
One way some people have been doing it, is buying PMs with debt, and then not paying back the debt. This is sad for the banks though, definitely not an "everybody wins" scenario.
If you look at a 10 year gold chart (you mentioned that the bull run has been going for 10 years already) you'll see that it looks like an exponential curve. You said it probably has 10 more years to go. But we're definitely a long ways past the half way point on the curve. Just sayin!
Drutter, an exponential curve does not have a nice standard deviation appearance... there is no way to judge the half way point of an exponential move, nor has gold even hit an exponential move yet. it came close to starting one as it passed 1800, but it's back to consolidating a bit. When we start seeing $100+ day moves to the upside, maybe we can start calling it exponential. Even the Eurozone coupled w/ S&P downgrade only moved it up $80 or so.
@Eraser7622 Although I quite like the sound of what you are saying, I would presume that if somebody stopped paying their mortgage then the bank would start reposession proceedings. I am in England and unfortunately I do not think I would get away with not paying my mortgage for very long, maybe 3-6 months and then the Default Summons would be issued. Imagine though, not having to make those payments every month .. bliss :D
DONT PAY YOUR CREDIT CARD BACK
bigrsoul 1 month ago
I like how your chickens try to keep their heads in one place. Helps their motion detectors spot delicious bugs!
momentinpassing 4 months ago
Joe, you missed the Naughty Bears point. This needs to be a collective effort by millions to max out credit cards buying gold and silver then all declaring bankrupcy at once. This would clogg up the system while bringing down the banks resulting in gold and silver prices skyrocketing and transferring the wealth back to the middle class by the same mechanisms and policies it was stolen... Why not move beyond chanting in the street....
agrover99 4 months ago
@DeadEndFed Ouch you just lost a fortune today as everyone must of listened to me by selling off their silver and gold giving their lowest one day drop in 2 years. Depending on the price you bought those at you likely have lost hundreds or thousands today.
jbarba 6 months ago
@jbarba lol yes I lost my gain from last week , I dont think you moved the markets :) , I'll blame the latest desperate Margin hikes on gold futures contracts. It was interesting today that GLD was down 3.5% while The futures contracts were down about 5%. at the same time I wonder what GATA would say about that.
DeadEndFed 6 months ago
@DivinityInside I would pay you to convince my wife of this logic ;) , Im half in.. but my bucket has a leak on one side :) Oh well at least she is spending fiat for now. Thank you for the good advise for all.
DeadEndFed 6 months ago
The idiots are buying gold at 200% and silver at 1000% of its actual value compared to the amount that is available in the world. When the rich begin to sell it off and decide to make some money off the fools that are hoping others will raise the price you are going to see a lot of fools crying and being a lot poor. Silver and Gold fever is a live and well once again. It was dead in the 1990s but once again a bunch of idiots and fools have made that $6 an once bar of silver become worth $42. lol
jbarba 6 months ago
@jbarba I hope you really believe this , since I'm heavily invested in silver and gold. Until it is hard to find people with this point of view, I suspect my investments will do fine. How is price determined? Think about it. Thank you.
DeadEndFed 6 months ago
a weird looking guy giving financial advide while holding a chicken in front of a camera...
not very convincing.
41stgaming 6 months ago
@41stgaming Trust me this guy knows far more about money then most. The chickens are for food. However, I wouldn't trust anyone with the US Dollar that spent most of there childhood in other countries, including present-day Zimbabwe, Zambia, India, and Thailand. Guess who? Timothy Geithner our Treasury Secretary. I wish I was making it up.
DeadEndFed 6 months ago
Kill the banks! Max out your credit cards buy gold and silver and default!
Jierongk 6 months ago
where is this place? are u in asia?
RingWarrior12 6 months ago
Its also sort of immoral to intentionally default on debt you never intended to pay in the first place. Lost income /job I get, but intentional new debt to default ? I know morals and banking?... nevermind i said that, at least your not a banker, do what you will but your playing with timing fire on "margin" :) Deflation still could happen. maybe.
DeadEndFed 6 months ago
@DeadEndFed Very true Deflation could happen. But Green span kind of hinted towards hyperinflation in a recent interview stating, "America can always print money to pay down the debt..."
187dAFeD 6 months ago
@187dAFeD I would agree that hyperinflation does seem more likely; long term. I just fear a trick up the counterfeiters sleeves. Dual currencies? Government debt defaults?, but our debt survives, etc Some new scam I don't see coming. I subscribed to your youtube channel, thank you for supporting Ron Paul! Ive read his books. I always vote for him.
DeadEndFed 6 months ago
@DeadEndFed your right about something being up their sleeves, however, I think it is too late for that. We are in that place where all historic hyperinflated currencies were. Forever, I thought for sure that they would deflate the money supply in order to provide chaos and keep the debt. When we take into consideration all of the programs that the establishment keeps financing the only logical conclusion is that they have to continue to finance it. This will only lead to hyper. subbed right bak
187dAFeD 6 months ago
I must admit I have been tempted to use my chase credit card to buy silver, but anytime you use credit to invest you turn the element of timing against you. Like all the paper futures players that got knocked out when they raised all the silvers futures trading requirements. VERY interesting that Gold hikes didn't drop gold like silver. Deep pockets in gold and silver now.
DeadEndFed 6 months ago
@twin1010101010 yes but will continue to pay minimum so i can keep on stacking then file bankruptcy after a year or so
stangGTKKK187 6 months ago
you don't have to pay your credit cards after they max out. Go ahead and use credit cards to buy gold and silver, to me it's like free money.
BatusaiJack 6 months ago
hes right,,, credit is not the way to go, imagine interest rates going up 9000% on your credit card?
TheTrueJBV3737 6 months ago
Wells Fargo says Gold is in a bubble. Am I the only one who thinks they are trying to scare people to sell their gold so TPTB can buy at low rates?
11hunabku11 6 months ago
@silverfuturist Do you eat chicken?
11hunabku11 6 months ago
That reminds me. I need to pay off my credit card bill :)
JRCrowley 6 months ago
hey, that was Adrian ? was she waiting to get in the vid ? hahaha
silverdollar3 6 months ago
They went to the vi..vi...vi. They went to the vi..vi.vi..They went to the video store you re..re.retards.
Mastinox803 6 months ago
yeah i think the interest on the money owed would be likly to sink the boat b4 u can cash in the silver. It's probably not imposible to do if u plan it out smart and work out the risks and how to manage them. But yeah for most people including me i don't think it's a great idea either
jamesarongray 6 months ago
Why not use the banks money to buy silver or Gold ? i think its quite funny using fiat money to buy metals lol.
AussiePatriotsParty 6 months ago
Is using plastic to buy metals ultra-shorting cash?
It might raise some eyebrows if you buy a few billion ounces, but it seems like the private & feds' fad is to manipulate the price to suit them and make a ton of cash either way.
john1234r 6 months ago
Do you have any videos that tour your farm? Curious what you got going on there.
rockvpaper1 6 months ago
I've got nothing to lose..no property no wages to garnish..and they keep upping my credit limit..I'll play this little game till they stop giving me credit.
denverdog44 6 months ago
Isn't using a credit card to buy metals ultra-shorting cash?
bicyclethief2nd 6 months ago
I got 21 months NO INTEREST, Working out so far with a lot of time left. I think I'll be fine.
NateWorksFromHome 6 months ago
Yeah, chickens!
AngryPenguin27 6 months ago
This has been flagged as spam show
Federal Reserve chairman, Ben Bernanke is Jew
Stevie68000 6 months ago
Good advise. Too late for me now..but I did put it on @ 0% until next summer (but it did cost 3%)..let's see what happens.
--Van
van1976 6 months ago
Silver and gold are dead in the water...what doesn't go up will go down..mark my words..they've been dead for a few days now..if they don't start up soon, they will drop.
FXNorm 6 months ago
Borowwing to buy silver does create money, which in turn adds to inflation but this increases silver prices by much more, since you're also depleting silver stocks.
Credit card interest is very high but with silver increasing in value by 40-70 % per year It can work to max out the cards as long as you have enough for the minimum monthly payments.
dowhatuwill 6 months ago
If you can borrow at 0% for 12 or 15 months and then transfer it to another card for another 12 months, i don't see a problem. If during this time the economy picks up and wages rise then pay it off as you go, if however the system crashes then i doubt anyone will be paying any debts so just go with the flow. Either way your silver will increase in value so all is good :)
eyeswideopennimrod 6 months ago
You dont have to pay the credit cards back......lol
kryogenikz 6 months ago
That rooster tried to sell me a house back in 05.
urbanelf 6 months ago 3
Yay chickens, silver must be up! They seem like good pets. They seem to like you.
ArgentPur 6 months ago
You got alot of Wendy's spicy chicken sandwiches behind you.
onenickelmiracle 6 months ago 2
If you have 0% for a year or more and have a job why on earth WOULDN'T you get all the silver you can get? If you wait a year you'll be paying a lot more.
onemindonespirit 6 months ago
buy food and water , survival supplies a gun, bug out bag, then buy something that can be bartered, but survival first.
desertgreek 6 months ago
@desertgreek use credit if you need it, pay with cash if you have it, but if you dont use credit.
desertgreek 6 months ago
@ Silverfuturist I use cash as first priority. If not possible, like when buying online from Provident Metals or APMEX I always pay by check. you get a discount that way.
Good advice Joe.
Say...are we ever going to see the footage from Max and Stacy in NY?
What's up with that?
Thanks. :D
ThisIsRogueLiberty 6 months ago
Too late! I bought two monster boxes of silver eagles on my credit cards when silver was in the high twenties. I don't regret it, but I know I got lucky!
magichandpuppet 6 months ago
Joe you are not addressing the issue of people maxing out the cards with no intention of paying the cards back to buy silver. You are assuming with your statement that they will have to be paid back, well not really. Credit Cards are unsecured.
jimbobubbadj 6 months ago
@jimbobubbadj You mentioned that the present system will go on for 10 years, you could be right. IMHO and that of many others, it will be lucky if it goes on another year or two.
jimbobubbadj 6 months ago
I'm with you...keep it clean...no borrowing for anything...but I understand that I might be in the minority. No problem there. To each his or her own...
tabcan 6 months ago
I put a lot of silver on credit a while back. I'm paying off the paper debt with paper at a 6% interest rate. The metals are up over 100% from when I moved into the market. The math is currently working in my favor, and I suspect that the math will continue to work in my favor...
sparx832 6 months ago
This has been flagged as spam show
yes, but be careful with bankruptcy
Yes, bankruptcy can hurt the debt system, but when you file bankruptcy they look back a certain number of months. I think it's 6 or so. So if you buy metals on credit, you have to wait several months to file bankruptcy. The risk is that the court may not allow 'recent' luxury purchases to be discharged.
john1234r 6 months ago
Buy and Hold ...if silver gets cut in half. Hold like a retirement plan.Joe's right ... do not buy more than you could afford . Do not buy 10,000 dollars worth of coins if you only make 50 grand . Living paycheck to paycheck.Try not to sell at a loss. Thanks for reading and I hope you learn something..........
boob1019 6 months ago
people will declare bankruptcy then -
marniespeaks 6 months ago
I kinda agree with you. I don't completely because i have been putting silver on my cards, but i open a 1 year 0% apr on purchases credit card first, then pay it off over 1 full year. By years end the price has always been higher than the year prior. At least in my experience and looking at the historic silver price.
lowebb8 6 months ago
It is much easier to buy with credit card it worked for me but i have had a plan ahead of time, on the other hand i agree with you joe. you should pay off your credit card every month when it comes to pm's. thanks Joe
TheDonovan68 6 months ago
Hi, If everyone maxed out their cards on gold and silver then declared bankrupcy at the same time, they could rupture wall street, the banksters and the whole financial system and get rich at the same time. The wealth would be transferred from the few back to the many by the same mechanism it was stolen.
agrover99 6 months ago 6
@agrover99 how many people would you need to do that?
marniespeaks 6 months ago
Comment removed
john1234r 6 months ago
Good advice ... I think the only thing that you can maybe buy using debt is gold, since the price doesn't go down so much.
You should have also mentioned the fact that margin requirements can be raised without notice, just like they did to silver a few months ago. That can be very dangerous for people who take a lot of risks.
ninjaguy123 6 months ago
Sound advice.
SilverInformation 6 months ago
Damon Vickers is a complete ass he runs pump and dumps all the time. He probably wants to buy gold at 1600
unchiekun 6 months ago
It works if you already have the money in savings and have a 0% credit card offer. Might as well take advantage of it if you know you can pay it all back before the 0% ends. Also most cards pay cash back.
blazefury2010 6 months ago
max out and efault n silver not a abad idea
rx4unyc 6 months ago
Hey Joe, love your channel. I got a chicken question, what do you feed them, I have been buying organic chicken feed but that stuff is expensive, any suggestions?
stnick2002 6 months ago
...dig them Karate type moves at the end of vid .
100% agree with you on this vid.
Recipe for disaster are perfect words for it.
peetsisthekind 6 months ago
Usury sucks :(
I'd be happy to flush it down the same toilet as fiat currency.
maximuslaurius 6 months ago
I put silver on my mortgage, now the silver is worth more than the mortgage.
Robonza 6 months ago
I just bought a french franc on credit card....doh. =)
jaingxu 6 months ago
Is it just me or does Adrian look like she's out of a black and white movie?
cocotan6 6 months ago
@Siverfuturist
Jerbear112266 6 months ago
I highly recommend you take as much as you can grab from the whole system before it all collapses !!! More that grab the faster the system collapses!!! This time Silverfuturist I disagree with you on this one!!! Crash the system and abuse it if they let you!!!
Jerbear112266 6 months ago 3
Silverfuturist, Damon Vickers is the least impressive analyst that you mention in your videos. A close second would be SGTBull and Bob Chapman, the world champions of "sky is falling" metals marketing. Vickers made his own "Damon Vickers Was Right" video, which is a tacky attempt at establishing Peter Schiff type status in the community. Not feeling Vickers at all and I unsubbed from his channel a shortwhile after watching a few of his videos. Regarding the buying Au on credit, def risky, agree.
lilbromarky1 6 months ago 2
HAPPY 40th BIRTHDAY Fiat Currency!
Time to max out a platinum card, buy a platinum bar, then fake my own death
TheBullionBoy 6 months ago 21
No kidding! I always pay off my cards every month. Plus the intrest payments. Who the hell wants to pay intrest and lose what little you make on the gold and silver as it stands now. Credit cards suck unless you can pay them off..
ZZmann35 6 months ago
Adrian is beautiful. Good stuff
milestracy 6 months ago
decade to go?..the economy will collapse in just a couple of years...or less!
kymopar 6 months ago
It's the banks fault that they don't know how to properly assess risk of default. I say if this is your plan, or you have a hybrid version of it, then go for it. We too have been enabled to be potential weapons of financial destruction. Muahahahahaha
wafdawg 6 months ago
How could they force you to sell your pm to cover your debts? The beauty of pm is its off the grid and they have no proof of what you hold. I do agree that silver is a long term investment and very voatile (i buy and hold) but even getting a loan today to buy at what i consider cheap silver price makes sense. Speculators have silver hitting 75 - 100 by years end (who knows) but if it did you could sell some pm to cover the debt and still have extra ounces left over. Thanks for the hard work
br8kaway74 6 months ago
never had a credit card. Through choice.
GuildF40 6 months ago
@GuildF40 - Same here, 47 years old...
IronicallyVague 6 months ago
@IronicallyVague rare breed.
GuildF40 6 months ago
I did already 12 month 0% and I'm fine with it. Glad I did it.Thanks Chase.
reveilleforradicals 6 months ago
i bought 750 oz so far with my chase card and have no intentions of paying it back
stangGTKKK187 6 months ago 60
@stangGTKKK187 Exactly! Use Chase credit card to crash JPM! LOL
HyperInflationNation 6 months ago
@stangGTKKK187 let me know how it goes so i could do so too lol
tebanjose 6 months ago
@stangGTKKK187 so what your saying is you fell for there trick, they will haunt you forever!!!!!! 20 years down the road it will still be there on your credit report.
TheDonovan68 6 months ago
@stangGTKKK187 They should prosecute you for theft by deception. You have no honor and no morals.
daobesebeast 6 months ago 2
@stangGTKKK187 : lol whether or not you're serious, that's some funny shit!
RileyE104 6 months ago
@stangGTKKK187 Good for you! it's the stupid banks who got us into this mess. There is NO law saying you have to pay off your debt. I think the debt limit is 7 years. Then you can walk away...check your local laws online. There is a statue of limitation on debt. Good for you Stang! keep that gun loaded to protect your Silver Stash. DO not let the Federal Reserve intimidate you.
SilverMapleLeafs 6 months ago
@stangGTKKK187 SWEET !!!
notpcone 6 months ago
This has been flagged as spam show
Jew & Federal Reserve - December 23, 1913
Jew founders :
1. John D Rockefeller Jr ( Banker )
2. Paul M Warburg ( Banker )
3. Nelson D Aldrich ( Politician - daughter Abby marries John D Rockefeller Jr )
Stevie68000 6 months ago
I wonder if APMEX will give me my money back for those timberwolves I bought at $25 a piece?
InspireImages 6 months ago
I agree about Credit card 20%. Margins at 4-8% or mortgage equity at 2-4% can make you more rich. On the short term you may be forced to sell at the loss to make payment. If you sell 5-10% of your investment at the loss and 90-95% at the gain you should be alright.
I would recommend to be able to pay min 6 months before start selling 12 months to make sure. Play with the numbers to value the risk scenario I have min 3 videos on leverage. ONLY BUY PHYSICAL WITH BORROWED $, NO PAPER or stock.
Alexiscom1 6 months ago
Max your credit cards on PM, pay for 6 months, default. During the six months of payment, to disguise intent of default, study laws in regards to YOUR rights as a borrower, credit card co's obligations; ACQUISITION, and do not respond to ANY letter or call. Research before attempt and comprehend risk. There are many informative presentations available. Trickle down default, coming to your neighborhood!
143DREWID 6 months ago
Well, if you think **** will hit the fan big time very soon, then you could max out all credit cards, buy PMs anonymously, hide it, default on your debt, wait for world's end, unearth your PMs and be rich.
Also, countries are selling their debt right? Can I do that as a private person too? :-)
Hamachingo 6 months ago
Its against my religion to pay paper debts with metal- regardless of how that debt was created!
jsmythib 6 months ago 2
Good man. Thank you for introducing me to Mr Vickers.
blackswanflea 6 months ago
I agree with this video. jsnip4 of realist news was just saying how he used his credit card to buy physical silver. In fact he strategically defaulted on his credit cards after maxing them out to buy Physical silver. I told him not only was this morally wrong but a bad idea in general. He claims and believes silver will be 50+ and has even gone as far as to say we will see 75 dollar silver this year! NEVER happen.
daobesebeast 6 months ago
Max out, take a risk... after all... you can ask for a bail out..right!?? Or is that just for the big banks who take risks with our money?
silvergoldhedge 6 months ago
When I tried to cancel my credit card the cc company tried so hard to convince me to do otherwise... Are they making money on people just holding a credit card,even an unused one like mine's?
1984IcameandIstayed 6 months ago
Hmmm.... I was kinda jealous of my one friend who was able to buy 200 Ounces of Silver on a 0% Interest Card until November. He just wants to make $7-$9 profit per Ounce. Since he got in at $37 I think he's got nothing to worry about but you bring up some very good points. I don't think he's even given the possibilty of a Silver/Gold crash in the next 3 Months..... I don't see it happening myself but you never know!!
Skudgeboy 6 months ago
Hey Joe, Brown chickens lay brown eggs and white chickens lay white eggs?!! I saw it in an article I was reading. Not a farm girl. Would love to live in your surrounding!! Healthy living!! Be well!!!!
NuttyCookie333 6 months ago
Comment removed
maximuslaurius 6 months ago
Hey! you picked up the big rooster! bravo!
bastardchildofmary 6 months ago
I Love Silver Chickens !
TheSilverWatch 6 months ago
Hey Joe, when you gonna chop some chicken heads off? Can't wait to see JP Morgan get its Head cut off so it can roll on the ground and gasp its lost breath and spill its last drop of blood!!
charronfamilyconnect 6 months ago
BTW what are sovereign & corporate FICO scores?
IrradiateTheNWO 6 months ago 2
This has been flagged as spam show
Why Joe, haven't you heard of the 2013 worldwide debt destruction jubilee? You think tabs are going to somehow get paid the planet over 100 cents on the $? I say charge away, it's your best shot to game them b/f it is game over.
IrradiateTheNWO 6 months ago 2
Sound advice Joe... tho I did take Satan's bank - JPM Chase up on their 12 month 0% offer and there is a certain ironic beauty to using Satan's bank to finance my purchases at 0%. Crash JPM buy Silver! :)
AgStrat 6 months ago 29
@AgStrat I have done the same thing, actually.
Ellelone 6 months ago
@silverfuturist - great video! I love the education and news you bring, thanks!
highgross14 6 months ago
JP Morgan is massively shorting silver, right. Doesn't that make some of you afraid that the price will crash sooner than expected. Could they actually profit from that ? Or did they go in too early for that ?
sbdwch 6 months ago
That black chicken is awesome looking lol... And I 100% agree... I think everyone should avoid debt like the plague lol
TheEllipsis731 6 months ago
I think you should look up 1933.
SuperCleaton 6 months ago
I'll go one step further and say DON't USE CREDIT. PERIOD.
WhackTheWax 6 months ago 2
@WhackTheWax I agree 100%! Don't use credit. Period.
hugthemouse 6 months ago
it is a gamble if you do.....but you may win
argentummolonlabe 6 months ago
STRONGLY STRONGLY STRONGLY disagree. I bought and used a credit card back when it was $28 in December. It went to $50 and is now $40. It's not worth waiting around to see if JP Morgan can push it back down into the $20s or lower if people don't already have any silver. If you don't have silver, my advise is to buy some now rather than wait. Lindsey Williams says silver will be 20-25% later this year based on inside info from oil executive. He has a 100% track record by the way.
jsnip4 6 months ago 2
@jsnip4 Are you saying a drop of 75 or 80%?
tuubydude 6 months ago
@tuubydude Not a drop, a rise in silver price 20-25% higher than now.
jsnip4 6 months ago
Lucky dude! Guy surrounded by big breasted chicks.
tuubydude 6 months ago 2
It didn't end badly, I'm already paid off and debt free.
YouSayYouWantA 6 months ago
@YouSayYouWantA What should we be buying with our credit cards? video games?
YouSayYouWantA 6 months ago
I can get a lot of student loan against a ridiculous 1,5% annual interest rate. I use the money to buy gold and silver and stack up cash when markets go down like they did last week and the week before. Besides my loan i have enough income to secure my investment. With such low interest it was a no-brainer to me to buy the metal, which should yield higher than inflation.
frankknopers 6 months ago
@frankknopers Is it true you can't default on student loans?
FXNorm 6 months ago
What would you rather have..$20,000 in credit and a 700 credit score or $20,000 in silver purchased at $17 and a 500 credit score?
FXNorm 6 months ago 2
@FXNorm EXACTLY. Thumbs up.
jsnip4 6 months ago
Some people just strategically default on the credit cards. It's not criminal to default on the credit cards if you can't pay. It's a civil matter, and they can only come after a portion of your paycheck, freeze your bank account, put a lien on your home, etc... if they sue you and win. But if those issues aren't a factor... then there's nothing to loose. If there are assets at risk, some people do asset protection. Contact me if anyone has more questions. P.S. Im not an attorney or advisor.
theonlyexpert 6 months ago
Comment removed
theonlyexpert 6 months ago
wooooow who saying about paying back !!!!!!
FIP776 6 months ago
@FIP776 you do know thats the type of talk that forced a depresion right?
imatelly 6 months ago
@imatelly You are going to get depressed when you will have to pay it back right ?
FIP776 6 months ago
Not to mention using a credit card feeds the beast. They make money every which way to Sunday. I think they are called "interchange fees" there are 6-8 that happen between the time the card is swiped and the bank processes it, In other words much more money are made on credit/debit card transactions that the average person remotely realizes.
vegaswolf 6 months ago
@vegaswolf Feeds the beast? Which beast is that? Hmmm, are you saying people shouldn't have credit cards? How come? If they want to be an indentured servant to someone what business is that of yours?
bweazel 6 months ago
@bweazel None, if people want to be drooling morons who have no idea what they are getting into and where the money goes (costs rise when credit is used by the way - that's what business it is of mine.) so be it.
vegaswolf 6 months ago
@vegaswolf In what way does using credit raise prices? Drooling morons? Why so negative? Are you sure this raise in price isn't offset somewhere else? I don't see how someone else's transaction (if it's borrowed money or not) raising the cost of something you also want to buy is any of your business. A higher demand with unchanged supply will always raise price in the short term.
bweazel 6 months ago
@bweazel First of all you attacked me by telling me it's none of my business. And credit does make prices go up. What if mortgages did not exist? Do you think for one second house prices could be so high? Any time credit is used it artificially props up prices as people look at the "monthly payment" rather than the intrinsic value of the object itself. As in the SLV market same thing, options are credit, and falsely boost prices. That my friend is a fact.
vegaswolf 6 months ago
@vegaswolf Calm yourself, brother. Just having a conversation is all. Mortgages have existed for a very long time, so us talking about them not existing is pretty pointless. I realize what you're saying, and I agree, but I don't agree to the extent you do. You seem to be arguing that a raise in the price of something, fueled even a little bit by credit is immoral. I'm asking why? And do you believe that it could reduce prices elsewhere? When you pay back the interest? Does it all net out?
bweazel 6 months ago
@bweazel Murder has existed for a long time too but we'd rather live without it. Let's end this i've already extended too much of my time on this nonsense. Adios.
vegaswolf 6 months ago
@vegaswolf Talking to people is nonsense? I guess that's why you're such a defensive and "well rounded" person. Murder and homeownership are not the same topic, they aren't even the same ballpark, hell, they aren't even the same planet. Peace.
bweazel 6 months ago
Why not? That's what all the people pushing the price up are doing ;)
bweazel 6 months ago
Now you tell me!
Larkinchance 6 months ago
Wait until Silver inventories are depleted and people are out trying to big up the price on credit.
BMWg84 6 months ago
when the falseflag alien invasion starts,,nobodys going to pay on anything!!!
HatchetForce5 6 months ago
@HatchetForce5 Haha if TPTB try to confiscate your metals, just say the aliens must have taken them ;)
1966yjd 6 months ago
Good job Joe. Thanks for putting the idea of maxing out credit cards to buy pm's. We got a guy in here thinking of knocking over a credit card company.
Hyperborea2012 6 months ago
Do as your leaders do, run up the credit card and default, its the new American way
abitdodgie 6 months ago 2
precious metal holder's are long term , we horde , we save , we do not borrow , we despise credit , it go's against the very thing i am doing , if you have the spare money then buy, do not borrow , this is a silver channel. i am drunk..........zedfrvethyrmiuyhyvc
firefox666moll 6 months ago
@firefox666moll You do realize that the "money" you're using to buy it is also credit, right? This entire economy is one big gang bang of borrowing.
bweazel 6 months ago
@bweazel true , but i am not going to pay %29 apr against silver over the next ten year's on £20.000 , this is pointless. plus the money i got to buy my silver is some what questionable!!!!
firefox666moll 6 months ago
I use a money order for online purchases and cash for local dealers. Never would use a credit card for PM's because theres a interest rate on credit cards. So your really paying more for your silver and gold! Good vid SF.
SILVERpeasant1996 6 months ago
Only an idiot would buy gold/silver with borrowed money at a 20%+ interest rate.
Damon Vicker's is ruffling our feathers (pun intended).
You have a tiny % of the population buying a meaningless amount of gold/silver.
Less than $5000 each. That is like a tiny % of the population buying a dozen shares of a company and claiming its a bubble because the little guy is in. The amount they are buying is so miniscule its irrelevant.
carter102 6 months ago
@carter102
Um, references please? When you're going to make extraordinary claims, you need extraordinary proof, right? Where do you get these facts from? less than $5000 each? You have some data on global PM demand broken down by individual, do you?
Eraser7622 6 months ago
"We had to raise gold margins because the little guy was maxing out his credit cards to buy gold, knowing it would go higher. We didn't want the little guy to get squashed doing this! Once we raised the margins, the price pulled back bigtime, and the little guy lost his investment and now owes a bunch on his credit cards. Good thing we raised the margins, to help the little guy!" hehe
drutter 6 months ago
i bought all my gold and silver with line of credit ..
mfith 6 months ago 2
Generally speaking though, I agree with your sentiments that debt isn't a good way to live, and that it's usually better to buy everything (including PMs) with value you've already saved up and have expendable. If only the system were set up that way, it would make it easier for people, and everybody's finances would be healthier.
drutter 6 months ago
better yet... get rid of the credit card all together!
skybirdbird 6 months ago
One way some people have been doing it, is buying PMs with debt, and then not paying back the debt. This is sad for the banks though, definitely not an "everybody wins" scenario.
drutter 6 months ago
Where's Jackie-O????? You guys having trouble???
GivingYouTruth 6 months ago 3
@GivingYouTruth JackieO video in a a few days
silverfuturist 6 months ago 2
If you look at a 10 year gold chart (you mentioned that the bull run has been going for 10 years already) you'll see that it looks like an exponential curve. You said it probably has 10 more years to go. But we're definitely a long ways past the half way point on the curve. Just sayin!
drutter 6 months ago
@drutter
Drutter, an exponential curve does not have a nice standard deviation appearance... there is no way to judge the half way point of an exponential move, nor has gold even hit an exponential move yet. it came close to starting one as it passed 1800, but it's back to consolidating a bit. When we start seeing $100+ day moves to the upside, maybe we can start calling it exponential. Even the Eurozone coupled w/ S&P downgrade only moved it up $80 or so.
Eraser7622 6 months ago
@Eraser7622
Not sure what you mean, but I'll rephrase :)
When I look at the 10 year chart and how it is accelerating in recent months, I don't see another 10 years of slow price gains coming.
drutter 6 months ago
@drutter
Oh, sorry.. I did misunderstand. I guess we agree :)
Eraser7622 6 months ago
Wow thats a lot of chickens you must get a ton of eggs.
dbztiki 6 months ago
What happens if you own a lot of silver/gold but you also owe a lot on your mortgage?
deanmat 6 months ago
@deanmat
what do you mean "what happens"? Nothing happens. it's not a chemical reaction.
by the way, has your mortgage servicer PROVED to you that they are the owner of your mortgage debt? I bet not. Stop paying those f'ers too.
The lesson is NOT to learn how to scam the system.. the lesson is to DEFAULT as a weapon.. a tactic... your way of helping starve the beast.
Eraser7622 6 months ago 2
@Eraser7622 Although I quite like the sound of what you are saying, I would presume that if somebody stopped paying their mortgage then the bank would start reposession proceedings. I am in England and unfortunately I do not think I would get away with not paying my mortgage for very long, maybe 3-6 months and then the Default Summons would be issued. Imagine though, not having to make those payments every month .. bliss :D
1966yjd 6 months ago