Exit Strategy for silver and gold

[kp11]

I'm very keen on investing in Gold actual physical gold not the stocks, futures, only the stuff I can actually hold like small bars or coins. Where would I be able to sell somthing like that to get as close to the spot price. Theres plenty of people who will offer me scrap price, but where would I get the best price from.

[davincij15]

@kp11

Apmex will buy same with goldsilver web sites also banks in most countries around the world. For example all banks in Canada will buy 999 fine gold and silver bars and coins.

[masterpatric07]

RON PAUL @)!@ bring on the gold standard!

[decendant1776]

Stranded in the desert without food or water... after 3 days ... another dude walks up with a gallon of water and a brick of gold. Which has more value to you now... the water or the gold? Yeah, gold is money. But when the chit hits da fan... food and water will be worth more to MOST people who are starving. Those people who can afford to store gold NOW will most likely be storing food & water as well. CAN I GET AN AMEN?

[davincij15]

@decendant1776

Value depends on context. If there is international trade and communications then gold and silver a has value in that context if you think that will all go away then it will have very little value but will still have some value where as a currency would have NONE.

With that said we have had over 2000 years of international trade even without technologies and in all that time gold and silver where and still are money.

[davincij15]

@decendant1776

Thus your real problem is you don't know what money is.

It's a tool.

What's it a tool for?

It's a tool for storing wealth after you have worked hard to produce it this tool stores it so you do not have to work hard when you need to use it.

How do you know it will work?

Well, how do you know something is poison and something else is not? Historic examples of always being poison and always being food. :)

BASIC!

[coolhandjackman]

This video gets to the issue. The Buy/Sell spread on Kitco for gold is about 5% and for silver 8.5%. So against the paper dollar you lose this immediately. The loss of value due to inflation of the paper dollar is much larger over even months and has been accelerating for the last decade. The cost to hold gold and silver in some countries includes taxes. Still even in this corrupt system gold and silver win.

[schmittchen72]

I would have to agree %100. Silver can't be taxed if it is not in the system. may be there are more people who own silver and are not saying anything to Uncle Sam. If the price goes back down to $2 an ounce buy more!

[KeshaIsHot808]

rounds or bars?

[MrMaxTruth]

Gold is fine as long as people are prepared to give it value. If you need to use it to buy food where on Gods earth are you going to take it that will give you food in return for gold. Last i checked Walmart dont take gold.The average man on the street has no idea what gold is worth. And even if he did, whats he going to do with it . He cant eat it?

If you want to survive the coming global collapse you need - God, Guns and foodstuffs/seed.

[davincij15]

@MrMaxTruth

He can't eat any other financial asset yet he collects digital dollars as payment.

Gold is money hard money unlike digital or paper money.

Every man needs tools right? It helps accomplish a particular task a lot better than without a tool?

The tool of money accomplishes the easy storage of wealth to be used at a later date. 6000 years of historical trial and error has proved gold and silver to be the best tool for that particular task.

[MrMaxTruth]

@davincij15 If its just another 1929 you might get away with gold payments if law and order is still intact. If its a complete global meltdown then that will also effect law and order. If that is the case no amount of gold will buy the things you want. Society as a whole will break down. Then its watch your back time. It will be trade and barter. Like for like. eggs for rice, beans for flour.

[grandmahurliman]

@MrMaxTruth they are using gold in Zimbabwe to buy food, etc....

[MrMaxTruth]

A bag of food seed will be worth far more than a bar of gold.

[davincij15]

@MrMaxTruth

We don't need to argue the point we have the best kind of judge on who is correct... He is called reality. Good luck with seeds that everyone including my self has.

[quadcatfly]

Exit strategy is this: Government will confiscate it all and give you DOLLARS in return !!! Obama - Biden 2012 !!!

[davincij15]

@quadcatfly

There is 7 trillion in untaxed retirement accounts compared to 50 to 100 billion in PMs in America.

If you needed money as a government what would you confiscate and hand out dollars for? Gold worth billions you have to go to peoples homes and take or stocks worth trillions that can be yours with a push of a button?

I guess you should ignore the fact that a bill for nationalizing retirement accounts is already being disused.

[quadcatfly]

@davincij15 LOL There isnt a single dollar in retirement accts. Only IOUs.

[davincij15]

@quadcatfly

Ok so 401k and IRAs have no investments. Your done.

[davincij15]

@quadcatfly

google

"if you had any doubt"

[davincij15]

@quadcatfly

personally I would choose the button pushing option since most Americans don't even know what gold is or how much it is and the ones that do have lots of guns and ammo. ;)

Those crazy dudes have read the constitution and why it was written and they know a government big enough to give you everything you want is big enough to take everything you have.

[starwarscary]

I love your videos!

[davincij15]

@starwarscary

Thanks

[starwarscary]

@davincij15 too bad Ron Paul isn't president now!

[PremierLegend]

@davinij15: I listen to Ron Paul as well. He has a lot of great things to say. But if you have been sitting around waiting for Mr. Paul to wake you up, well that's simply embarrassing! Man up and learn for yourself. Learn from as many people as you can. Don't give Ron Paul the credit for the investigative analysis that you are naturally suppose to possess!!! For example, I have learned from you!!!

[davincij15]

@PremierLegend

If Ron Paul did not exist I would not done my research I would not have found out the truth about money. If that did not happen I would not have been on here telling people what I have learned.

[TheAudiorub]

so is it better to buy junk silver then 1 ounce bars to buy food

[trevormac77]

if inflation is running at 10% a month, then you only want to sell what will cover your immediate needs.

[AEKARA27]

when not if silver goes to 500 dollars per ounce believe me you would not want to sell it. Because that that dollar price it means we, as a country are in HUGE trouble and everyone one knows it. You want to trade your silver for something concrete like land, or other commodity and that is when you silver will be soooo valuable. Why? Because it would probably be the only money, along with gold people would trust.

[davincij15]

That is the point of money, it's not to have lots of it! It's to buy something with it.

[jamezbond78]

I know how you feel! All I ever wanted was to work hard and save my money and spend wisely, now I'm concerned that what I have known as dollars, could become pennies and I'm scared as heck that the government will take it all through hyperinflation. The government hates gold/silver because they can't dilute its value and create the metal out of thin air. If the dollar becomes worthless, you don't have to worry about an exit strategy, because gold and silver will be money.

[joshuav2020]

AMEN BROTHER! cant wait to make a fortune and stick it to the fucking banks. YOU FUCKING CRIMINALS!! FUCK THE BANKS!! THEY WANT TO FUCK YOU IN THE ASS WITH HOUSES!! I WILL PAY WITH SILVER BIATCH!!! EVERYONE! FUCK THE BANKS, FUCK THE BANKS! FUCK THE BANKS!

[D33Lux]

@AEKARA27 - Land is key! You cannot grow it, manufacture it. What ever is there, that's all there is.

[dakidd38]

@AEKARA27 The only bad thing about buying land is this thing called "eminent domain". It is is the inherent power of the state to seize a citizen's private property, expropriate property, or seize a citizen's rights in property with due monetary compensation, but without the owner's consent. The property is taken either for government use or by delegation to third parties who will devote it to public or civic use or, in some cases, economic development.

[lorax2013]

I really like your videos - logical and to the point.

[REOGURU]

You have to follow the train of thought here. If there's no formal exchanges it means banks won't be able to manipulate the price of silver/gold. Their true value will be unleashed after years of being held back. Its easier to plan for the worst then scale back if it doesnt happen; but, its alot harder to ramp up when you've underweighed your risk & have to cover. Start holding bullion asap! If everything turns our ok, then you'll have amazing collection still worth its weight in silver/gold.

[Zone963]

Exchange paper for comodities while it still does not take a backpack full of paper for a handful of real money

[me98321]

You sounds like you r a preacher now...

[davincij15]

No, Just telling people how I feel, if it makes sense then do if not then don't.

My point of the message is not to get robbed by government after you have worked for your money.

[skudlick]

I am heavy silver but am losing faith. The silver market is so small but largely significant that big bank money will always control them. Same with the gold market.

[davincij15]

Start reading if you are losing faith, there is so much to learn.

I will send you some videos but reading it works better, at least for me it does.

[andrewebisu]

Hey DaVinci,

Thanks for all your great work. Just want to know what you think of buying platinum. I know silver and gold are the way to go but I remember we talked about platinum in Nov 08. Wish I had got some as it was so low then. Now dipping again. Do you still have any interest in it as a short to medium term play since it is so low?

[davincij15]

Sure get some but it's not a monetary metal.

[D33Lux]

@andrewebisu - I wouldn't advise in Platinum as its main use is in catalytic converters in vehicles and that market isn't doing well. It has some uses in the medical industry, but I wouldn't put money on it. I was advised on palladium, but again I would steer clear. Silver is by far the most undervalued metal, has many more industrial & medical uses and its more recognized much like gold as a standard for being recognized as REAL money!

[dontblamethemessenge]

inflation has been the plan from day one of the collapse plan.

The bill always has to be paid by the civilians after the banks and the politicians profited from this whole mess. I do not need any graph or analysis of the markets. I just know point A is the start, point Z is the end. A is the boom period, and Z is inflation.

By the way, i am curious about who is the final winner of the contest of physical silver.

[davincij15]

Contest is still running until the end of May

[orangedac]

it annoys me greatly when some idiot at the Federal Reserve talks about the need for promoting inflation. By doing so, they steal from people who have sacrified to save their money.

Most of such people have been away from real work for too long. Their job consists of fiddiling around with interest rates and giving worthless speaches while destroying the fruits of other people's labor through bullsh*t policies.

[jeffcaldwell2]

Hell of a great video.

[GoldSilver588]

Though gold/silver is money, they're not legal tender, or even when some coins are, the face value is way under what worth itself. The problem is if they can't be used as legal tender, you can't just walk into a store and buy stuff with your PM bars. In fact, it's illegal to use any other forms of 'money' rather than the 'fiat money' issued by goverment.

So PM is not going to be easy to trade, unless we're in a really really bad situation.

[davincij15]

If the government tells you that you can't grow food is it right should you listen to them?

Check out...

HR875 S425 Criminalize Organic Farming

At what point do you stop obeying laws meant to oppress you?

When they come to get you to put into a concentration camp? I'm sorry it's too late then.

[misterkel10]

It's not illegal to take other currencies. It's that you have no legal recourse under civil law if you take payment other than the official currency.

[whiskerchild]

OK davinci:

Do you have "individuals" you're going to sell your $500.00/oz silver to? Why wouldn't these "individuals" wait til silver goes back down, to buy? Do you honestly think anyone is going to pay us $500 an ounce?

[davincij15]

who are those "individuals" that paid $1,000,000 for a condo in Florida? Why didn't the those "individuals" wait until it dropped to buy?

Answer: mania buying.

Also keep in mind gold was $35 an ounce and the same question was posed when people said it would go to $500, yet when it was $850 you saw line ups at coin shops of people SELLING!

How did the coin shops do that? Answer futures market.

I explain that in this video the market is the centralized point for buyers and price setting.

[ugotknockedthefugout]

hey davinci i just started investing in silver and i was wondering...

should i keep buying silver even when it goes over $25?

[davincij15]

Yes. Why?

Well the inflation adjusted price of silver based on government numbers is $21. The inflation adjusted price in reality is $64.  I am not talking bubble status here. Bubble is when it's $250

[kenandjasha]

When will it is the million dollar question. It could be the end of this year, could be the end of next year, could be 5 years? Buy now is all you can do because the big push will come.

[D33Lux]

@ugotknockedthefugout - Buy it even at $35/oz, what other option does one have...paper money? The way I explain it to people is simple. In one hand you have paper money, in the other PM's take your pick. Burn both at very high temperatures, what do you have?

[kryogenikz]

Dav your amazing as always. 5 stars!!!!!

[drutter]

I just had to favourite this one so I don't lose track of it. Good work J.

Did you see my video where I opened the Koalas from stella? :D

[drutter]

The second question - you're bang on, again. People say "but when silver is worth $500 an ounce, nobody will be able to afford it!!" That, also, shows a total lack of understanding. If silver is WORTH $500 an ounce, that means $500 an ounce is the price buyers are willing to pay. So really they're asking "when people are willing to buy silver at $500 an ounce, who will be willing to buy it?" Ummm... that's not a valid question. :-p

Good of you to make a video to put these questions down.

[drutter]

That's ABSOLUTELY right, J. When people say "but how will you sell your silver to buy useful things?", I actually don't understand their question, because to me, there's no need to "sell" silver. Silver is money. Why would you sell your money? You simply trade it for other things, just as you would do with any other thing of value. Essentially, their question is ridiculous, and just shows they don't understand the concepts of value and money.

Simple, brilliant video.

[davincij15]

Yes I will have to beat this fact into people. You don't save dollars they buy bonds or stocks. instead hold money, gold and silver.

[askmeif]

Truly, if your are buying Gold/SIlver with a though of exit strategy, you are part of the problem. SIlver and Gold is the solution.

Consider a glass of Milk which is life sustaining and all that the body needs during infancy. You pour the glass, and the milk is gathered quickly into one place, for use. You do not trade or sell your glass of milk, you sip it, drink it and it gives you sustained life.

You spend your PM over time and build your legacy.

[PiercingKnight]

@askmeif So how do you get what you need like food gas things then

[9999baz]

The error in our thinking is to continue to use the federal reserve's unit (FRU), called a "US dollar`' to measure the value of silver.

Silver must be valued in weight "dollar" by law is a measurement; of weight of silver.

(How many grains of silver equals a dollar-ie, a unit of weight).

i would rather price my silver in sea shells than (FRU) at least you would need to comb a beach to find them!

[clearasvodka]

Well, like Zimbabwe we will be using dollars for firewood and toilet paper. Other than that, I cannot see much use for fiat notes. I'll take a precious metal over paper money any day. :)

Gold for show, Silver for pros!

[airdreamlove]

I'm going to buy land with it.

[keithholden]

Answer to who will buy your silver at $500.

On the way up a bubble will form and like each bubble there are more buyers than sellers which is why the bubble forms.

This makes selling it very easy. Coin shops will sprout up all over the place and buy and sell.

Like the bubble in houses there is always some other mug to pay more for the same item.

Once the buyers are saturated based on price and there becomes more sellers taking profits the bubble will burst like property market did

[keithholden]

Take a Tree worth $5000 pulp it, turn it into paper ,print on it, and its now one billion dollars of $100 notes.

So far im wrong on the elliot wave price decline. Its good and bad. Time will tell.

[DontTread0nMe1776]

No trees are harmed in the printing of "Federal" Reserve Notes, they are actually fabric more like your blue jeans. Seems like a waste of cotton though! :)

[edmack4me]

Diamonds are only semi-precious and marketed by a monopoly called, DeBeers.

[He101A]

There are two kinds of diamonds, the ones that are produced with carbon under high pressure, and the ones that are actually mined out of the ground. The stuff that is mined is different from the artificially produced ones. You can only see the difference with a microscope. If you have millions and billions of dollars, precious stones and bars of gold would be the way to go.

[edmack4me]

ALL diamonds, with the exception of some rare colors, ARE semi-precious. Don't bother putting diamonds away for a rainy day as there is NO shortage rather their supply is controlled and backed up by slick marketing.

[He101A]

The Gold market is not a free market either. Most of the gold in this planet is owned by a few very wealthy banking families who control the price of gold and trade billions of dollars worth of gold every single day.

[edmack4me]

Yes, gold and silver are manipulated but there is still far more freedom then diamonds whose mines are mostly owned or the output controlled by largely one outflt, DeBeers.

[dashxdr]

Eric DeCarbonnel asserts the GLD ETF is a fraud, they don't actually own the gold they claim. He asserts there is no evidence of GLD actually purchasing gold, or having any trouble storing it as their inventory supposedly skyrockets.

I'm starting to believe GLD is a means for manipulating the gold price through short selling.

[rangeyer]

You hit the nail on the head. What they do is create new money and suppress the price of gold on paper. They can do this with any asset class.

[skyding8962]

screw silver and gold. You think thats going to help you in a pandemic flu? LOL

[DontTread0nMe1776]

Actually silver kills all single celled organisms including viruses, bacteria, and fungus, so it just might help in a flu pandemic. The old saying "born with a silver spoon in their mouth" may have originated with babies that were fed with a silver spoon (the wealthy) were better able to avoid the plague.

[PlatinumGordon]

What people dont realise is that gold and silver is real money. I would prefer to have gold and silver over paper anyday.

[stangeriam]

What is up with the Comex report?

Has anyone heard anything as of late?

Tnx

[DavidAKZ]

That is a very good point wrt to lack of liquidity if there will be no markets for AU/Ag in the future. How then do you trade your metal for a house, E-Type Jaguar, etc ? Like you, I'm only interested ion saving for the future but it seems to me the future is the difference between people who work and save v borrow and speculate. As we know even investors seem to be getting screwed - I don't know about speculators

[celtg]

I think when hyperinflation sets in they will make a new currency and that is what i'll be using my gold and silver for.

[He101A]

Use the dollars to trade the manipulated stock market, and buy gold. All this bailout money is going to Wall Street to prop up the stock market. If you trade $5000-$10,000 in stocks every single day, you can turn a profit of $200-$600/day. Use the money to buy gold, silver, diamonds, emeralds, etc.

[bwelkk]

Diamonds aren't money because they aren't divisible or fungible,only portable.

[edmack4me]

Diamonds are glittery semi-precious stones worth on a small fraction they are cleverly marketed for.

[snakecharmer133]

You have no reason to buy silver or gold today of you are going to use it to buy food, buy the food today and store it. You will never be able to get as much food for your silver tomorrow as you can get food for dollars today!

Gold and silver should only be used for storage of wealth, not for storage of consumer strength!

[chena3]

silver buffalos

ebay tonight

14.00$

free shipping

.89 over spot ..

load up players...

[my1956effie]

I think PM,s are the best way to conserve wealth. As long as we have industry there will be a market for silver.

[REOGURU]

Here's another good youtube video to watch after this one.....it really explains in a nutshell, what the Dollar really is.

/watch?v=uEcdL2yXexE

[hrosemd]

Just watched an absolutely fantastic presentation by Dr. Lawrence Parks at Montanasoundmoney dotorg. Everybody who has an interest in sound money should check it out.

[nextdimensions]

Larry Parks is great, I spoke with him a few times. His videos are well worth the time. He also has a book called "What does Greenspan REALLY Think"

[lukeedwardsimmons]

Convert all your worthless paper into silver and gold while you can, because once hyperinflation sets in, your savings will be wiped out, worthless, finito. You need to turn it into precious metals to retain its original value regardless of inflation, otherwise your life's work is rendered null and void.

[kenji4861]

I feel stock market is also a hedge against inflation. If the government pumps money into the economy Dow will rise, but USD will be worth less.

I still feel some days in the near future, USD will fall tremendously, but for now, precious metals are hovering around the same value.

[vinny1010]

there will be LOTS of people wanting to buy Silver or Gold b;c by the time folks realize where the mkt is headed and when COMEX crashes, there will be NO PMs available.

So you will see a HUGE line just like in the past where people will do whatever they need to get the PM - there will be such a huge demand that people will know when to sell.

[chena3]

capital

 preservation...

[DavidAKZ]

How ?

[disciple90633]

Ron Paul for President!

You rock, Davincij

[axishans]

The best thing I've heard said yet: "I just wanted to SAVE MY MONEY..." keep at it Davinci!

[joediesel187]

trade your silver for wealth.its been 29year from the last silver bubble,get ready

[edro9494]

i know what I'm doing with it: Guns, Ammo, Food, Seeds. hell maybe even property. might even start my own bank and currency lol

Silver FTW

[KeshaIsHot808]

@edro9494 silver > gold