Executive Order 6102 is an Executive Order signed on April 5, 1933, by U.S. President Franklin D. Roosevelt "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates" by U.S. citizens. What is to say the same thing wont happen again?
ALSO
Can somone please tell me how you physicaly exchange a bag or 2 of rice for gold. Say i want to buy 2 bags of rice worth say half an ounce of silver but you have 1 once, you gonna get your hack saw out and start cutting - realy?
This is a nice video, but if you want to make some extra money then please watch my video. There you can find some very valuble info. If you need help or you got any doubt's then feel free to ask help.
I actualy like that the government is print all this money..ROFL the more they Print the MORE my silver will be worth. GO OBAMA, print another 1trillion dollars this year for more bail outs..!!!
hahaha Silver is the chance for so many people to get rich. And they cant see it. Come on get rich buy and hold silver. And dont sell any coins under 100 dollars an ounce.
Do not be discouraged. If you buy, suggestion is to keep it tangible. You keep it in your possession, Military Funeral. Google search: buy silver and read the article, How to Buy Silver, & Avoid Getting Scammed. You could just type the title or part of the title in the search page. Remember to keep it quite. Do not let your closest know you got it or more importantly where you got it; Until they need to know. A lot of pirates out there!
Yup, The "Hunt Brothers" in the 70's-80's; Do a quick search(research) to understand the silver commodities market and market manipulation. It can be as easy as 10/14/08, a "Bandwagon Effect." My concerns are if the "drill babies" drill, as they surely still can, what else do they find? More precious metals? Those whom gobbled up the menial rights from the American Farmers own the rights to those minerals. So when they go-a-lookin' what else do will they find?
First thing everyone should do is search their homes...for gold (chains jewelry)and silver (coins jars dimes and quarters)...check the perforated edges of the coin - if its absent the copper lining = you have a winner. Maybe a dimes worth more then a dime ;)
this spike will be dwarfed after the November elections, after they get their president in they will let the inflation run wild, they wont be bailing out any banks and re inflating the dollar.
Good question. Although it was a spike it was still cheap compared to what I'm expecting it to rise to (at least the 30$ range). Also you'll find that most places are selling at a premium now because of the low price. If you can find silver at 10 dollars buy as much as you can!
If you're in this for long term investments, then it doesn't matter too much what you pay now, 40 years down the road it'll be a different story. Of course always buy more during the dips.
Silver sucks. $9.39 as of now. It will go all the way back down to $5. Don't listen to this guy. He'll fall to the bottom with his silver and then say something like, "You must buy silver now that it's $4 an once." Give it up all ready. You were wrong, so GET OVER IT!
you cant. you are lucky if you pay less then $14 dollars an ounce.
The spot price you are looking at does not represent the value of metal any longer. That is because it only shows the price of paper stocks in metal holding companies. Those are dropping like a stone because people recognize that they are not a secure form of holding metal.
the dollar has lost 96% of its value, do you really think its going to stop for some reason?
Precious metals is not a short term investment like paper backed securities/stocks. You buy metals for the future and to hedge yourself against inflation.
I agree with many of the other responses that silver is going to make a fucken comeback like it did in the 1970's when it hit $50 an ounce. This time however, its going to explode and those who are holding enough silver ( if you can get your hands on it, theres a shortage) will be laughing while others are looking to buy.
to fongobongo: the only reason silver hit 50 dollars an ounce in the 70s is because of the "Hunt Brothers"...do you remember these dudes....they were zillionaires that bought up every bit of silver they could get their hands on to drive the price up. Even still, I think silver is a good investment to hold long term......my personal favorite form of silver...the 1964 Kennedy Half Dollar. Very Liquid and instantly recognizable
there's a coin shop from where close to where I live and this guy has a bunch of kennedy half dollars but he's selling them for $7 a piece. Is that a little much?
to FONGOBONGO....$7.00 each? check out EBAY first and see what you can find....many sellers offer free shipping. Look for 1964 Kennedy halfs that are in "circulated" condition.....no use paying any more than you have to considering that the "silver itself" is all you are interested in.
You're ten years ahead of me! I'm just now coming to your realization. Of course, the internet (YouTube wasn't invented when I was your age) helps people to learn about these issues. Keep up the good work, and I hope you make some more videos.
I've asked this question a lot and people always talk about a certain amount of cash in those kinds of terms which means nothing since prices change. Percentage is where it is at. I usually get 3.9%
KEEP IN MIND. Silver & Gold are very very conservative.
Don't think about it as investing as much as 'safekeeping of value'. That silver/gold will never lose its intrinsic and tangible value. It will protect you against swings in the dollar and It's physical wealth!
You have done something awesome here, sir. Way to go!
I am really happy that you're doing this! We need more smart young people buying precious metals.
Elias - Good to see folks saving rather than spending and thinking outside the box about how to do it. I'm 32 and got back into coins about 6 months ago for the bullion content. I buy coins for the metal content, but generally have pressure to buy "the best grade coin I can afford" from the dealers. That logic makes sense, if you're investing in coins; but, I'm looking at the metal.
You are spot on with this one. I have posted a 3 min vid response on the best way to by precious metals. It's in reference to gold but silver is exactly the same story.
Hi from Canada, silver is hard to find, I have found prices from 19 to 22 per ounce .when i find i buy as much as possible .Read Precious Metals for Dummies By Paul Mladjenovic .Keep up the good work PhewInvesting
ha ha very funny you 2. look you didn't even explain why silver is a way to go. maybe you should have more detailed information before you tell the world to start buying stalk on a particular thing without a cause. I also heard gold is another thing that maybe you should get into. when I do my home work on your "theory" then I will get back to you with a much more of a detailed reason why it would be a great idea or a bad idea.
This is only an introduction, in my next videos I'll be talking about why its good to buy silver/gold, any where people can buy silver and gold, along with the pros and cons of the different places.
I'll start updating my videos at the end of the month, I'm almost done with my schoolwork
again I hear another idiot telling me what I need to buy or do. y don't you buy don't tell me or anyone in this site what to buy or do. here I got a thaught or more like a question? do you know how many AMERICANS live in this country? and I mean North America only.
In the first 8 seconds of the video, I say people SHOULD start buying Silver. I'm not forcing anyone to buy, nor am I forcing you to watch the video. I'm not sure about the relevance of your Americans comment, feel free to elaborate.
outragedthrones reply fits his name perfectly! When I discuss silver investments with individuals I use the term YOU should invest. Without suggesting YOU, the individual may look at as a topic of conversation and brush the matter off. But when you say YOU, much more attention is giving to themselves as an importance of listening. Let this guy outraged keep his paper stocks and you keep investing in physical silver (real money). There's no doubt you're a lot smarter than he. He's outraged LOL!
This has been flagged as spam show
Executive Order 6102 is an Executive Order signed on April 5, 1933, by U.S. President Franklin D. Roosevelt "forbidding the Hoarding of Gold Coin, Gold Bullion, and Gold Certificates" by U.S. citizens. What is to say the same thing wont happen again?
ALSO
Can somone please tell me how you physicaly exchange a bag or 2 of rice for gold. Say i want to buy 2 bags of rice worth say half an ounce of silver but you have 1 once, you gonna get your hack saw out and start cutting - realy?
MrMaxTruth 10 months ago
This has been flagged as spam show
This is a nice video, but if you want to make some extra money then please watch my video. There you can find some very valuble info. If you need help or you got any doubt's then feel free to ask help.
olenmaamees123 2 years ago
Great video!
bakeryofideas 2 years ago
I actualy like that the government is print all this money..ROFL the more they Print the MORE my silver will be worth. GO OBAMA, print another 1trillion dollars this year for more bail outs..!!!
Daniyoyo 3 years ago
hahaha Silver is the chance for so many people to get rich. And they cant see it. Come on get rich buy and hold silver. And dont sell any coins under 100 dollars an ounce.
Mongodelight 3 years ago
you were wrong newb, it hit 9 dollars.
DIe now.
p.s i bought 1000 oz at 15.92 and it hit 21$ or w.e and right now it is at 11 :(
i beleive it will make new highs though,
Unbannable 3 years ago
All in good time, research the comex precious metal reserves. Good luck with your investing.
PhewInvesting 3 years ago
Your right bra! The Comex will be busted open verrry soon!!!
kryogenikz 3 years ago 2
You can sell it on EBay and get 16 easily.
Assuming you have PHYSICAL silver.
If you have a silver certificate, you are SOL.
yogiudo 3 years ago 2
Do not be discouraged. If you buy, suggestion is to keep it tangible. You keep it in your possession, Military Funeral. Google search: buy silver and read the article, How to Buy Silver, & Avoid Getting Scammed. You could just type the title or part of the title in the search page. Remember to keep it quite. Do not let your closest know you got it or more importantly where you got it; Until they need to know. A lot of pirates out there!
1islandcowboy 3 years ago
Yup, The "Hunt Brothers" in the 70's-80's; Do a quick search(research) to understand the silver commodities market and market manipulation. It can be as easy as 10/14/08, a "Bandwagon Effect." My concerns are if the "drill babies" drill, as they surely still can, what else do they find? More precious metals? Those whom gobbled up the menial rights from the American Farmers own the rights to those minerals. So when they go-a-lookin' what else do will they find?
JUST ASK A Farmer Mineral Rights?
1islandcowboy 3 years ago
First thing everyone should do is search their homes...for gold (chains jewelry)and silver (coins jars dimes and quarters)...check the perforated edges of the coin - if its absent the copper lining = you have a winner. Maybe a dimes worth more then a dime ;)
Artorioux 3 years ago
why would anyone buy during a spike? you told people to buy at $20/oz and even said it was cheap. now it's back down to $10.
mrburnone 3 years ago
this spike will be dwarfed after the November elections, after they get their president in they will let the inflation run wild, they wont be bailing out any banks and re inflating the dollar.
fox20012 3 years ago 2
Good question. Although it was a spike it was still cheap compared to what I'm expecting it to rise to (at least the 30$ range). Also you'll find that most places are selling at a premium now because of the low price. If you can find silver at 10 dollars buy as much as you can!
eaallday 3 years ago 2
If you're in this for long term investments, then it doesn't matter too much what you pay now, 40 years down the road it'll be a different story. Of course always buy more during the dips.
fistpittingnork 3 years ago
Silver sucks. $9.39 as of now. It will go all the way back down to $5. Don't listen to this guy. He'll fall to the bottom with his silver and then say something like, "You must buy silver now that it's $4 an once." Give it up all ready. You were wrong, so GET OVER IT!
JurkoffJay 3 years ago
where can you buy silver for 9.39?
you cant. you are lucky if you pay less then $14 dollars an ounce.
The spot price you are looking at does not represent the value of metal any longer. That is because it only shows the price of paper stocks in metal holding companies. Those are dropping like a stone because people recognize that they are not a secure form of holding metal.
the dollar has lost 96% of its value, do you really think its going to stop for some reason?
gold/silver=money
lives2live 3 years ago
Physical silver is still trading at 20 dollars an oz.
If you are talking about silver stocks or certificates or COMEX warehouse receipts you're SOL.
yogiudo 3 years ago
Precious metals is not a short term investment like paper backed securities/stocks. You buy metals for the future and to hedge yourself against inflation.
I agree with many of the other responses that silver is going to make a fucken comeback like it did in the 1970's when it hit $50 an ounce. This time however, its going to explode and those who are holding enough silver ( if you can get your hands on it, theres a shortage) will be laughing while others are looking to buy.
FongoBongo 3 years ago
to fongobongo: the only reason silver hit 50 dollars an ounce in the 70s is because of the "Hunt Brothers"...do you remember these dudes....they were zillionaires that bought up every bit of silver they could get their hands on to drive the price up. Even still, I think silver is a good investment to hold long term......my personal favorite form of silver...the 1964 Kennedy Half Dollar. Very Liquid and instantly recognizable
inkey2 3 years ago
there's a coin shop from where close to where I live and this guy has a bunch of kennedy half dollars but he's selling them for $7 a piece. Is that a little much?
FongoBongo 3 years ago
to FONGOBONGO....$7.00 each? check out EBAY first and see what you can find....many sellers offer free shipping. Look for 1964 Kennedy halfs that are in "circulated" condition.....no use paying any more than you have to considering that the "silver itself" is all you are interested in.
inkey2 3 years ago
Physical silver is still trading at $20/oz. Go to any local coin dealer and you will see.
yogiudo 3 years ago
You are very wise, sir. Take care!
devildogmre 3 years ago
You're ten years ahead of me! I'm just now coming to your realization. Of course, the internet (YouTube wasn't invented when I was your age) helps people to learn about these issues. Keep up the good work, and I hope you make some more videos.
Rationalific 3 years ago
Do you haggle the commission? What kind of percentage can you usually get?
eurohim 3 years ago
Shops usually buy silver at 30-40 cents under spot price.
eaallday 3 years ago
I've asked this question a lot and people always talk about a certain amount of cash in those kinds of terms which means nothing since prices change. Percentage is where it is at. I usually get 3.9%
eurohim 3 years ago
Sir,
Congratulations. You are way ahead of the game.
KEEP IN MIND. Silver & Gold are very very conservative.
Don't think about it as investing as much as 'safekeeping of value'. That silver/gold will never lose its intrinsic and tangible value. It will protect you against swings in the dollar and It's physical wealth!
You have done something awesome here, sir. Way to go!
I am really happy that you're doing this! We need more smart young people buying precious metals.
READ TED BUTLER!!! NOW!
seanspade 3 years ago
Buy junk silver. See my videos.
patriotsundergod 3 years ago
Elias - Good to see folks saving rather than spending and thinking outside the box about how to do it. I'm 32 and got back into coins about 6 months ago for the bullion content. I buy coins for the metal content, but generally have pressure to buy "the best grade coin I can afford" from the dealers. That logic makes sense, if you're investing in coins; but, I'm looking at the metal.
mwj4c 3 years ago
good luck, yea its good getting higher quality but any quality is better than having none at all :-).
eaallday 3 years ago
Hi alias,
You are spot on with this one. I have posted a 3 min vid response on the best way to by precious metals. It's in reference to gold but silver is exactly the same story.
see ya from downunder Australia, Matt.
lawlermk777 3 years ago
Hey thanks. Can you resend your response for some reason it didn't go through when I accepted it.
eaallday 3 years ago
Hi from Canada, silver is hard to find, I have found prices from 19 to 22 per ounce .when i find i buy as much as possible .Read Precious Metals for Dummies By Paul Mladjenovic .Keep up the good work PhewInvesting
360chaosallstars 3 years ago
and oh my question that I ask you about the population in america forget it, it would be to long to explain
outragedthrone 3 years ago
ha ha very funny you 2. look you didn't even explain why silver is a way to go. maybe you should have more detailed information before you tell the world to start buying stalk on a particular thing without a cause. I also heard gold is another thing that maybe you should get into. when I do my home work on your "theory" then I will get back to you with a much more of a detailed reason why it would be a great idea or a bad idea.
outragedthrone 3 years ago
This is only an introduction, in my next videos I'll be talking about why its good to buy silver/gold, any where people can buy silver and gold, along with the pros and cons of the different places.
I'll start updating my videos at the end of the month, I'm almost done with my schoolwork
PhewInvesting 3 years ago
again I hear another idiot telling me what I need to buy or do. y don't you buy don't tell me or anyone in this site what to buy or do. here I got a thaught or more like a question? do you know how many AMERICANS live in this country? and I mean North America only.
outragedthrone 3 years ago
In the first 8 seconds of the video, I say people SHOULD start buying Silver. I'm not forcing anyone to buy, nor am I forcing you to watch the video. I'm not sure about the relevance of your Americans comment, feel free to elaborate.
PhewInvesting 3 years ago
outragedthrones reply fits his name perfectly! When I discuss silver investments with individuals I use the term YOU should invest. Without suggesting YOU, the individual may look at as a topic of conversation and brush the matter off. But when you say YOU, much more attention is giving to themselves as an importance of listening. Let this guy outraged keep his paper stocks and you keep investing in physical silver (real money). There's no doubt you're a lot smarter than he. He's outraged LOL!
SouthernLibertyAmer 3 years ago
Good video Elias!
bigdad06 4 years ago
smart man!
sh200kr 4 years ago