I don't believe there is a silver shortage. I buy some every month and only wait like 10 days for it to come. The prices would be a lot higher if that were the case. I wish there was a shortage! But people are still dumb enough to hold fiat.
True other commodities may have even more demand than silver or gold. Like food but how do you hoard meat,fish,milk,beer,coffee. Ok we can hoard coffee and cigs lol. But what else is there really fiat money is trash. Something is better than nothing I am looking at silver $37 coin
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 If that were to happen, it would most probably be in response to some sort of financial collapse. What makes you think ANYONE, after witnessing what the government has done during this financial mess so far, would agree to hand over their precious metals to the government?
Guys, what is going to happen to the retirement dollars in 401k, should one pull that money and buy silver with that, or is it worth it waiting and exchanging it to new currency, what is the advice. Thanks.
The coin dealer in Canada I go to has soooo much silver. They even have hundreds of those 2011 Wolf coins for sale that everyone says are impossible to get (I paid $36.50 for one on Dec 11). Regular Maples are $4 over spot, but still cheaper than ordering off ebay.
theres a difference tho between coins and bars. bars more track yeah spot price but the coins also carry not only spot but a minted value. which is a better buy?? i dont believe in paying up front premiums so i stick w the bars. bought a few 50 oz bars for under the price of 1 oz gold.
My silver dealer insists the best way to buy silver is Mint Condition Coins that have a Premium placed on them. The coin dealer says you would get a premium Over spot price when you redeem them.
When we're in Depression & silver is $250 oz & currency of choice, how does silver keep its mint condition when used in daily transactions? & who would give a damn whether coins are mint or not and pay Over spot price as dealer suggests?
Isn't it Wiser to buy Used/Not Mint coins and save the Premium?
You answered your own question Trump. Who gives a crap about the premium. One once of silver is still one once of silver as long as it is. If it's a maple or eagle it doesn't matter. I started buying a bucket load of once oz Scotia Bars (one of the big three banks in Canada). You don't pay a premium and it's .999 silver nonetheless. You can buy sheets of one oz bars.
yes, we must buy gold and silver before it is too late. either they will prohibit us or they will raise the price so high that the average man cannot afford to buy them. governments are the evil and we must limit government and stop them from printing dollars and go back on a gold standard of say 0.0005 grams per dollar.
The Third Reich produced millions of 90% silver bullion coins. Each Nazi 5 Reichsmark coin weighed 13.88 g and contained exactly 12.5 g of fine silver. Almost half an ounze of silver in each coin. These coins are still readily available today! And besides their inherant value as silver bullion, they are also genuine Third Reich collectables thus adding to their value!
Yes copper. Hold it also. All pennies 1981 and prior, and some 1982 (learn to do the bounce test) are worth over 2 cents each. The main purpose of PMs are more for STORING and maintaining wealth rather then gaining a return. Although the potential for returns on PMs is quite lucrative. But the main reason is a store of wealth as the dollar continues to lose value via inflation. PMs dont lose their value. The dollar does. That is why you would want to hold.
Let me give you an example: Back when US coins were 90% silver, you could buy 1 gallon of gas for a nickle. Well, it you take that same 90% silver nickel today guess how much it is still worth? Pretty damn close to the price of a gallon of gas! It held its value. So why the face value is 5 cents, it is actually worth about a gallon of gas, and beleive me it would not be hard at all to sell that nickel for its silver content. Or any silver for that matter.
@beswick1111 ; the US$ is backed by nukes. That is worth more than all the gold out there. Think about it. Its like you are saying you have all these gold necklaces around your neck....and I have an AK-47, so who declares victory?
Also, we have a fiat currency and that fiat currency measures total goods and service produced. Even though he mentions currency debasement leads to inflation, what he also fails to mention is that productive goods and services to back up the currency. You can print money out of thin air, just like growing food from a farm. The problem is really when money printed is more than the goods/services that are produced as well as population. Unfortunately, USA consumes more than producing.
If others aren't willing to buy the gold your holding, then gold will crash eventually as well. Just like all those people holding houses they can't sell. Same thing will happen to gold.
Gold and silver retains its value during inflationary times. What he doesn't mention is that gold and silver doesn't bear interest unlike having a savings account. You buy metals, hold it and it doesn't have any intrisic value until you sell it. What he fails to mention is what others are willing to pay to buy back the gold. Gold will crash soon.
You used the correct verbage...turned in..which is a volutary action.
Seizure of property in the form of gold has never taken place.
Sheep were coerced into turning in their gold under color of law, which is not a law, just as the house resolution was not a law. Roosevelt cannot, did not, has no authority to ban. No President does. He is an Executive. Legislation starts in each chamber, goes to the other, and is signed by the President. In 1933 ONLY a RESOLUTION in the house occured.
You can "what if" all day......How about this...just continue saving your precious dollars and I'll continue purchasing my PM's and take my chances.... Good Luck!!!
I'll box ANY Politician, and Obama can step up if he wants to fight for gold, and silver!!!haha. Both pm's and paper are looking good so there's really nothing to complain about there. I think they will both last the test of time.
I wouldn't really recommend buying either since they're materials used as capital inputs. While the price palladium/platinum are at historical lows its still a substantial buy.
Why not put your fiat money into silver? It's fairly affordable to the average person and its price is severely suppressed. Its a great way to protect against inflation which is inevitable. The inflation genie has been released by the Fed and other world central banks with their artificial interest rates and big spendng
The Swiss Franc is fiat currency...it was once backed by 40% gold, however the Swiss government sold off a portion of its gold reserves..and it isn't the case anymore.
Yes thats true. It has to do with the membership of the IMF 1992. The IMF policy is that no member can have a backed currency. So the media and the Swiss gov manipulated the populus massive to vote for the constitution change even most of the people did not know what they actually voted for. A good example how a democratic society can be ruled by the media and a small minority of poweful behind the scenes actors. Its a shame for Switzerland and a shame for our history.
ETF's are just another derivates the banksters scamming people out of their money . Buy real money with worthless paper cash . By real money I mean gold-silver . there is still some physical gold-silver left in markets and coin stores .
I go to local coin store every week and buy 10oz of silver rounds ( $ 150.00) as of today. That's almost $ 3 dollars over the paper contract price but believe me it is still a great deal.
When the sh%^&t hits the fan , it is going to be a hell of a ride !!!
preach on. I've been getting .9999 maples every week for 3 weeks now. Every paycheck I spend out 15%-20% on silver and I try to keep it 1oz of gold for every 100 oz of silver.
I agree. Maples are indeed beautiful but I also like bars such as JM or Engelhard. I also like Austrian Philharmonics although the quality is not as high.
Since it is nearly impossible to get actual gold, does it make sence to buy gold-backed ETF such as SPDR gold shares? Do you see any problems with this kind of hedge against inflation?
i know a place near me in Los Angeles which carries a great selections of bars and coins(silver, gold, platinum, and palladium)
Of course, you did post this last year so perhaps the supply situation has changed or maybe Im just lucky.
Im rather small time with my 10oz Silver bars and 1oz rounds but I have seen people leaving this place with kilo bars and the likes...using dollys to wheel them out to their car.
silver has evaperated? gold is at 948 and silver is at 13.72. there is plenty of silver to go around guys. use your money to pay off your home and villa.
sorry but your wrong about that. The comex has been shorting silver/gold and major producers of gold/silver are finding it harder to get access to credit. If farmers are having difficulties getting loans for fertilizer what makes you think that mine companies will get the hundred million dollar loans required to mine the earth.
And your not even taking about gold, you're referring to futures contracts which bares no relation to a gold coin/bar or silver coin/bar.
He was talking about gold and silver prices which refers to future contracts on the comex; and those numbers do not accurately portray the value of PMS. He was also implying there is a large abundance of gold/silver. Sure there is, if you want to own a futures contract which is worthless paper. Try buying the real stuff and see how much over spot it is.
Silver and gold is insurance, not investing. PMS will hedge yourself against inflation and a fiat currency collapse.
a contract is not worthless paper buddy. paper money is not worthless. it may be losing value. futures contracts do bare relation to coin/bar. i agree that production will be lower in all metl not just gold and silver. because of course no one will be able to open any mines in the next ten years. i dont think there is an abundence of gold/silver but there is enogh to go around. as for the swiss franc, 20% of its currencey is backed by gold in last few years.
The notion that there is a silver shortage may be false, would the price would not be so stable if that was true? - the fact is that ground sources have consistently produced 200million more ounces per year than what has been reported - it's pretty obvious through historical records that there exists a much higher reserve supply than most people believe. How was silver selling at selling at high volume even at $3 an ounce?
While im with you 100% on silver and gold, its not fair to use eBay as a gauge to determine fair market value. At the time you made this video, there was ALOT of the MSN LIVE cashback incentive going on. That actually inflated some items to as much as 20% above true market values. Very good video however.
I just got a job as a geometry tutor - I lucked out, it's all about looking for jobs in sources no one else ever goes to (this was on a university homepage) - Also, get to know your neighbors, do favors for people - that will be probably more valuable than anything else - Also, try to think of ways to employ yourself - make some work if you haven't got any - I am about half way done with carving a chess set out of sticks on the ground - I could probably get a couple silver coin for that.
also, I have been building a few of these, hope to open up a little stand for a fair. It costs like $.35 per one - and its really cool - you can build an engine powered by a candle with tin and silver cans. It's called the "SFA Sterling engine project". People love those things - you could probably sell some for $7 each.
1) avoid any "paper" gold or silver , physical only
2) Gold confiscation happened in 1933 in the USA, paper certificates were given, but the government defaulted
3) Gold Standard that ended in 1971, should have be re-negotiated to another gold standard currency. The fact that it wasn't leads me to believe all central banks are in on the scam.
4) Canada and the UK sold off tons of gold at bottom of market
Glad you know what's going on. Now it's time for you to get your hands on some gold and silver my friend. Do it soon before the inevitable inflation, hyperinflation, and stag-flation hits. Or maybe you already have.
It's going to be a nightmare when shit really hits the fan. We definitely have not bottomed out yet, this recession-depression scenario has just begun.
I've been totally focused on the task for almost two years.
Its frickin hard to get your hands on it at a reasonable cost, and huge time delays on orders. Best luck has been with the local coin shop. In 80's spike of silver at $50 bucks an oz you could buy as much as you wanted, now its almost $10 above spot and very difficult to buy in quanity. Dealers can't replace what they have sold. It was better last week, but not so great for the last year. Great vids !!!
I own about 10 000 dollars worth of silver and gold. I also own agricultural land that can make me tomatoes, potatoes or beans; When the shit hits the fan YOU would be selling your silver for FOOD, my friend-or you'll starve. I will be selling you a sack of potatoes for your silver. So which one is better? PS -I collect silver and gold for fun but land and real estate is my real stuff. I get rent from real estate too. Sure silver and gold is better than paper but LAND is better than everything!
Check out a youtuber named jettoh. He's in Singapore and he shipped gold and silver to Singapore from Australia. Maybe he could point you in the right direction.
Thanks FongoBongo for the wise info! Have you heard of Bullion Management Group Inc in Vancouver? Would you purchase their shares which are certificates of the holdings of gold/silver/platinum in the Bank - Scotiabank I think? Or would you reccomment the actual physical bars & coins?
get the real deal. Silver certificates are still not as good as owning the real stuff. And who knows, maybe Scotia Bank is shorting their numbers on fractional PM banking.
Overall, when it comes to investing into precious metals is is much better to own the stuff than to own certificates. You could also buy into mining stocks, which has the advantage of paying you dividends and such mining companies will inevitable go up with the rise of gold/silver.
very informative video. just ordered my first silver acquisition, 5 troy ounces of pan american silver for 66.59 british pounds. it's not much but its a start.
I would recommend both since they are both headed up. However, silver is more suppressed in terms of price than gold and its also much easier to get into ($10ish an ounce). Keep in mind if gold goes up to 1500, silver will head up as well. Its all about how much money you have. Personally, I would say silver.
Bretton Woods was the agreement after WW2 that the US dollar would be the worlds reserve currency. It took a vicious world war to make this happen. Europe was broken.
The US enjoyed the benefits of this system as they were the ONLY ones who printed this dollar. All other countries had to buy these dollars that were redemable in gold.
The Vietnam War cost the US dearly and they borrowed money from France - DeGaulle asked payment in Gold instead of dollars.
Hey FB. You are absolutely "spot" on! Nice to see such a smart head on young shoulders! I have total faith in the future of gold and silver. I currently hold 25oz gold and 700oz silver(both in physical form), and i'm in it for the long haul. Just be patient my friend, and silver will shoot for the moon! Nice video - keep posting!
Its just a matter of time before reality sets in and we see Silver sky rocket to unprecedented levels. I'm betting silver will go over $100 an ounce in the near future. I'm glad silver is still being manipulated at the price it is, since it makes buying the PM that much easier on the wallet. However, finding it is another issue...
You have to wonder how many Scotia Bank silver certificates are out there. They won't have the physical silver to back them up. They will settle in paper, people will get paper money when they thought they were protected with silver.
Hey, I just invested about half my money in gold and silver. Got 8 ounces of 1 oz gold coins and 200 1oz sliver buffalos, total investment was about $9400, I agree with you that having it in precious metals is best play for the next 5 or so years. I should be getting most of it in next month or so since the delays on silver were about that much time. Then when I get it, im gonna go bury it, hehe, nice vid!
Yeah. Let's hope the government doesn't ban silver/gold when it prices soar to ridiculously high levels (they did in the psat). So did you order through bullion direct? Apmex? Kitco? Let me know what the delay times are, I'm just curious.
I've never ordered online, I much prefer to get it from the bank.
I woke up to the whole precious metals and fiat currency thing about 18 months ago. I only wish I had known what we know now back when I was your age, when gold was less than $300/oz and silver was about $4. And to think, that was only about 6 years ago. Without the internet, I don't even know how I'd get any gold or silver.
APMEX rocks, but they only ship in the US. Great selection at reasonable prices, and awesome customer service!
Be careful buying silver shot. It's cheap, relative to other forms, but you may have a tough time liquidating it down the road, because it's not readily recognizable as .9999 pure silver, even if that's what's stamped on the sack.
APMEX has ASEs and other coins for sale to ship by the end of this month (01/09), at not unreasonable prices, especially given prices on Ebay! =^[.]^=
I don't believe there is a silver shortage. I buy some every month and only wait like 10 days for it to come. The prices would be a lot higher if that were the case. I wish there was a shortage! But people are still dumb enough to hold fiat.
9pt9 1 week ago
Bretton Woods ended in 1971.
ouruhuru 4 months ago
True other commodities may have even more demand than silver or gold. Like food but how do you hoard meat,fish,milk,beer,coffee. Ok we can hoard coffee and cigs lol. But what else is there really fiat money is trash. Something is better than nothing I am looking at silver $37 coin
superhawkn 4 months ago
90% accuracy trading is now a reality. If you want to get rich invest in gold! Come visit my website, just google Gold Trading Academy to learn more.
THERollyboy123 4 months ago
Silver for $9.00 an ounce. Tthose were the good old days. :)
rockbay79 6 months ago
Good listening to someone that knows what he's talking about. Good job.
flyguyinmotion 7 months ago
SILVER IS CRASHING DUDE! IT HAS VERY LITTLE INTRINSIC VALUE. THE BUBBLE WAS BUILT ON LIES FROM CROOKS LIKE MAX KEISER!
visionary1100 8 months ago
Maples are boring, bland and characterless.
ytrogergt 8 months ago
@ytrogergt You must be blind! The Canadian Maple is a beautiful coin!
ArgentPure 8 months ago
@ArgentPure ... They even put some housewife on the back! Such a boring coin. The Queen has lost her crown!
ytrogergt 8 months ago
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
@MrMaxTruth If that were to happen, it would most probably be in response to some sort of financial collapse. What makes you think ANYONE, after witnessing what the government has done during this financial mess so far, would agree to hand over their precious metals to the government?
JohnLeeMD 6 months ago
you can buys guns and ammo...that also always holds its value...other wise if you just have silver you get robbed lol
kakmolnia 11 months ago
Great video
thomaslecky203 1 year ago
1 oz of Gold is more convenient to carry than $1,4000 dollars in cash...
manny298 1 year ago
@manny298 since when is 1oz gold worth 14k?
kakmolnia 11 months ago
Guys, what is going to happen to the retirement dollars in 401k, should one pull that money and buy silver with that, or is it worth it waiting and exchanging it to new currency, what is the advice. Thanks.
PiercingKnight 1 year ago
The coin dealer in Canada I go to has soooo much silver. They even have hundreds of those 2011 Wolf coins for sale that everyone says are impossible to get (I paid $36.50 for one on Dec 11). Regular Maples are $4 over spot, but still cheaper than ordering off ebay.
TheCFDFirefighter 1 year ago
theres a difference tho between coins and bars. bars more track yeah spot price but the coins also carry not only spot but a minted value. which is a better buy?? i dont believe in paying up front premiums so i stick w the bars. bought a few 50 oz bars for under the price of 1 oz gold.
rigimp 1 year ago
My silver dealer insists the best way to buy silver is Mint Condition Coins that have a Premium placed on them. The coin dealer says you would get a premium Over spot price when you redeem them.
When we're in Depression & silver is $250 oz & currency of choice, how does silver keep its mint condition when used in daily transactions? & who would give a damn whether coins are mint or not and pay Over spot price as dealer suggests?
Isn't it Wiser to buy Used/Not Mint coins and save the Premium?
trumpsahead 1 year ago
@trumpsahead
You answered your own question Trump. Who gives a crap about the premium. One once of silver is still one once of silver as long as it is. If it's a maple or eagle it doesn't matter. I started buying a bucket load of once oz Scotia Bars (one of the big three banks in Canada). You don't pay a premium and it's .999 silver nonetheless. You can buy sheets of one oz bars.
FongoBongo 1 year ago
This has been flagged as spam show
@trumpsahead See what Ron Paul says Obama could DO TO GOLD IN PEOPLES' HANDS
/watch?v=dbrsI8S4Tro
vechorik 4 months ago
if you need silver let me know, i'll give you the info. its a very good investment
lobsterbale 1 year ago
invest in property
MrBusinessHelper 1 year ago
@MrBusinessHelper it's a bubble
boipinoi604 1 year ago
Well what is gold or silver?
When everyone is starning the only thing that will retain value is FOOD.
Those of you will land should learn how to grow gardens FAST.
This guy is a doof..
ijathenickman 1 year ago
yes, we must buy gold and silver before it is too late. either they will prohibit us or they will raise the price so high that the average man cannot afford to buy them. governments are the evil and we must limit government and stop them from printing dollars and go back on a gold standard of say 0.0005 grams per dollar.
Rico8458 1 year ago
The Third Reich produced millions of 90% silver bullion coins. Each Nazi 5 Reichsmark coin weighed 13.88 g and contained exactly 12.5 g of fine silver. Almost half an ounze of silver in each coin. These coins are still readily available today! And besides their inherant value as silver bullion, they are also genuine Third Reich collectables thus adding to their value!
Heidelager 2 years ago
What about Copper?
Also, What do I do with these metals once in hands? Would you sell it back again at some point to get a paper/ink again? or hold on to it... for what?
urkingod 2 years ago
Yes copper. Hold it also. All pennies 1981 and prior, and some 1982 (learn to do the bounce test) are worth over 2 cents each. The main purpose of PMs are more for STORING and maintaining wealth rather then gaining a return. Although the potential for returns on PMs is quite lucrative. But the main reason is a store of wealth as the dollar continues to lose value via inflation. PMs dont lose their value. The dollar does. That is why you would want to hold.
oxelrondxo 2 years ago
Let me give you an example: Back when US coins were 90% silver, you could buy 1 gallon of gas for a nickle. Well, it you take that same 90% silver nickel today guess how much it is still worth? Pretty damn close to the price of a gallon of gas! It held its value. So why the face value is 5 cents, it is actually worth about a gallon of gas, and beleive me it would not be hard at all to sell that nickel for its silver content. Or any silver for that matter.
oxelrondxo 2 years ago
Stand by for things to get worse for the USA. President Obama wants to use executive orders to move ahead his policies.
This will have an effect on the economy, such as in this analogy. Wiley Coyote being CEO of Acme.
popcur 2 years ago
what happend to all the gold silver etc that was backing up themoney after the money became fiat?
let me guess the goverment kept it?
topbluffa1 2 years ago
how high do you think 1 gram of gold go
TheAudiorub 2 years ago
@TheAudiorub 40 to 50 bucks
mdavidson069 2 years ago
1 gram of gold does not "go".
It remains stable.
Units of counterfeited paper currencies shall crash.
MarkH10 2 years ago
if u could go 200yrs into the future would u rather have $100 in your pocket or 1oz of gold.
see $100 in 200yrs will be worth less than toilet paper, wheras 1oz of gold in 200yrs will probably be enough to buy a small house,
beswick1111 2 years ago
the swiss franc was 40% backed by gold, now its only only 20% backed by gold, unlike the US$ which is not even 1% backed by gold.
beswick1111 2 years ago
@beswick1111 ; the US$ is backed by nukes. That is worth more than all the gold out there. Think about it. Its like you are saying you have all these gold necklaces around your neck....and I have an AK-47, so who declares victory?
garyomglol 2 years ago
I'm smarter. I got gold necklaces + AK-47....so who declares victory? .
ae446c 2 years ago 2
Also, we have a fiat currency and that fiat currency measures total goods and service produced. Even though he mentions currency debasement leads to inflation, what he also fails to mention is that productive goods and services to back up the currency. You can print money out of thin air, just like growing food from a farm. The problem is really when money printed is more than the goods/services that are produced as well as population. Unfortunately, USA consumes more than producing.
kng863 2 years ago
If others aren't willing to buy the gold your holding, then gold will crash eventually as well. Just like all those people holding houses they can't sell. Same thing will happen to gold.
kng863 2 years ago
Gold and silver retains its value during inflationary times. What he doesn't mention is that gold and silver doesn't bear interest unlike having a savings account. You buy metals, hold it and it doesn't have any intrisic value until you sell it. What he fails to mention is what others are willing to pay to buy back the gold. Gold will crash soon.
kng863 2 years ago
Brentton woods was in 1944, 1971 is when then pres of us nixon stopped gold redemtion for dollars, 1971 the us dollar went fiat.
MrBankRuns 2 years ago
The Gold seizrue was in 1933
tarotimes 2 years ago
No gold seizure ever took place in the US in 1933.
A gold surrender coercion took place on the basis of ONLY a house resolution.
Only sheep turned in their gold property for coerced conversion into fiat currency.
MarkH10 2 years ago
@MarkH10 500 tonnes of gold was turned in in 1933...Roosevelt banned citizens from owning gold ...Google it Poser.
tarotimes 2 years ago
You used the correct verbage...turned in..which is a volutary action.
Seizure of property in the form of gold has never taken place.
Sheep were coerced into turning in their gold under color of law, which is not a law, just as the house resolution was not a law. Roosevelt cannot, did not, has no authority to ban. No President does. He is an Executive. Legislation starts in each chamber, goes to the other, and is signed by the President. In 1933 ONLY a RESOLUTION in the house occured.
MarkH10 2 years ago
Comment removed
MrBankRuns 2 years ago
Thanks for the heads up. Hope you make more vids
alikokos 2 years ago
You can "what if" all day......How about this...just continue saving your precious dollars and I'll continue purchasing my PM's and take my chances.... Good Luck!!!
kylextown24 2 years ago
if someone tries to confiscate my shit i shoot them, or stab, or break them... ya
FloweySkillz 2 years ago
@FloweySkillz I could see you dying your hair blond. Acting like Drago in Rocky IV. You would be saying, "I'll break you." lol
popcur 2 years ago
@popcur lol :) I'll have to try that sometime.
I'll box ANY Politician, and Obama can step up if he wants to fight for gold, and silver!!!haha. Both pm's and paper are looking good so there's really nothing to complain about there. I think they will both last the test of time.
FloweySkillz 2 years ago
nice vid
ten thumbs upp!!!
kingzl 2 years ago
What about buying platinum or palladium?
WJValente 2 years ago
I wouldn't really recommend buying either since they're materials used as capital inputs. While the price palladium/platinum are at historical lows its still a substantial buy.
Why not put your fiat money into silver? It's fairly affordable to the average person and its price is severely suppressed. Its a great way to protect against inflation which is inevitable. The inflation genie has been released by the Fed and other world central banks with their artificial interest rates and big spendng
FongoBongo 2 years ago
The Swiss Franc is fiat currency...it was once backed by 40% gold, however the Swiss government sold off a portion of its gold reserves..and it isn't the case anymore.
MW2772 2 years ago
Yes thats true. It has to do with the membership of the IMF 1992. The IMF policy is that no member can have a backed currency. So the media and the Swiss gov manipulated the populus massive to vote for the constitution change even most of the people did not know what they actually voted for. A good example how a democratic society can be ruled by the media and a small minority of poweful behind the scenes actors. Its a shame for Switzerland and a shame for our history.
qminusis 2 years ago
you make really good points
joeynovak2 2 years ago
ETF's are just another derivates the banksters scamming people out of their money . Buy real money with worthless paper cash . By real money I mean gold-silver . there is still some physical gold-silver left in markets and coin stores .
I go to local coin store every week and buy 10oz of silver rounds ( $ 150.00) as of today. That's almost $ 3 dollars over the paper contract price but believe me it is still a great deal.
When the sh%^&t hits the fan , it is going to be a hell of a ride !!!
ragnartrading 2 years ago
preach on. I've been getting .9999 maples every week for 3 weeks now. Every paycheck I spend out 15%-20% on silver and I try to keep it 1oz of gold for every 100 oz of silver.
Preach on!
thatguyashe 2 years ago
I love those Maples , they are beautiful and the most pure silver you can get...
Good deal
ragnartrading 2 years ago
See, that's what I thought. The ones I'm getting are 2003 and are sealed in plastic. Another feature I like as well.
thatguyashe 2 years ago
I agree. Maples are indeed beautiful but I also like bars such as JM or Engelhard. I also like Austrian Philharmonics although the quality is not as high.
FongoBongo 2 years ago
@ragnartrading
I agree. No paper silver or gold but you want the physical while you still can. I feel sorry for the people who don't know it's coming.
eatandtravel 1 year ago
@eatandtravel
Who would trade an APPLE FOR A PIECE OF GOLD... when everybody is starving.
This guy has probably invested in gold and is advising evryone to do the same hoping that it will go up.
ijathenickman 1 year ago
@ijathenickman
You should read about the Weimar and Argentina.
eatandtravel 1 year ago
@ijathenickman huh?
phoenixzion82 1 year ago
Since it is nearly impossible to get actual gold, does it make sence to buy gold-backed ETF such as SPDR gold shares? Do you see any problems with this kind of hedge against inflation?
imigrantpunk 2 years ago
Is Collecting Sterling silver jewelery, sterling silverware, etc. not a good idea too???
dresdendollz 2 years ago
i know a place near me in Los Angeles which carries a great selections of bars and coins(silver, gold, platinum, and palladium)
Of course, you did post this last year so perhaps the supply situation has changed or maybe Im just lucky.
Im rather small time with my 10oz Silver bars and 1oz rounds but I have seen people leaving this place with kilo bars and the likes...using dollys to wheel them out to their car.
truroxstar 3 years ago
silver has evaperated? gold is at 948 and silver is at 13.72. there is plenty of silver to go around guys. use your money to pay off your home and villa.
imrichyournot 3 years ago
sorry but your wrong about that. The comex has been shorting silver/gold and major producers of gold/silver are finding it harder to get access to credit. If farmers are having difficulties getting loans for fertilizer what makes you think that mine companies will get the hundred million dollar loans required to mine the earth.
And your not even taking about gold, you're referring to futures contracts which bares no relation to a gold coin/bar or silver coin/bar.
FongoBongo 3 years ago
where did he say that you should not pay your bills and instead buy precious metals?
investing is for the money you can stand to not have for a while, not for the money you need to live.
truroxstar 3 years ago
He was talking about gold and silver prices which refers to future contracts on the comex; and those numbers do not accurately portray the value of PMS. He was also implying there is a large abundance of gold/silver. Sure there is, if you want to own a futures contract which is worthless paper. Try buying the real stuff and see how much over spot it is.
Silver and gold is insurance, not investing. PMS will hedge yourself against inflation and a fiat currency collapse.
FongoBongo 3 years ago
a contract is not worthless paper buddy. paper money is not worthless. it may be losing value. futures contracts do bare relation to coin/bar. i agree that production will be lower in all metl not just gold and silver. because of course no one will be able to open any mines in the next ten years. i dont think there is an abundence of gold/silver but there is enogh to go around. as for the swiss franc, 20% of its currencey is backed by gold in last few years.
imrichyournot 3 years ago
While I agree that silver is a good investiment,
The notion that there is a silver shortage may be false, would the price would not be so stable if that was true? - the fact is that ground sources have consistently produced 200million more ounces per year than what has been reported - it's pretty obvious through historical records that there exists a much higher reserve supply than most people believe. How was silver selling at selling at high volume even at $3 an ounce?
Wcoltd 3 years ago
While im with you 100% on silver and gold, its not fair to use eBay as a gauge to determine fair market value. At the time you made this video, there was ALOT of the MSN LIVE cashback incentive going on. That actually inflated some items to as much as 20% above true market values. Very good video however.
geckster109 3 years ago
If I had a job, to earn the money, to buy the gold and silver, I would.
survivalofone 3 years ago
I just got a job as a geometry tutor - I lucked out, it's all about looking for jobs in sources no one else ever goes to (this was on a university homepage) - Also, get to know your neighbors, do favors for people - that will be probably more valuable than anything else - Also, try to think of ways to employ yourself - make some work if you haven't got any - I am about half way done with carving a chess set out of sticks on the ground - I could probably get a couple silver coin for that.
Wcoltd 3 years ago
also, I have been building a few of these, hope to open up a little stand for a fair. It costs like $.35 per one - and its really cool - you can build an engine powered by a candle with tin and silver cans. It's called the "SFA Sterling engine project". People love those things - you could probably sell some for $7 each.
Wcoltd 3 years ago
yay thank you i love to learn on youtube:)
very interesting perspective
yorkandpomona 3 years ago
Great discussion:
Some things that I found out recently
1) avoid any "paper" gold or silver , physical only
2) Gold confiscation happened in 1933 in the USA, paper certificates were given, but the government defaulted
3) Gold Standard that ended in 1971, should have be re-negotiated to another gold standard currency. The fact that it wasn't leads me to believe all central banks are in on the scam.
4) Canada and the UK sold off tons of gold at bottom of market
5) Swiss F. gold standard ended 1999
boots920 3 years ago
boots,
Glad you know what's going on. Now it's time for you to get your hands on some gold and silver my friend. Do it soon before the inevitable inflation, hyperinflation, and stag-flation hits. Or maybe you already have.
It's going to be a nightmare when shit really hits the fan. We definitely have not bottomed out yet, this recession-depression scenario has just begun.
FongoBongo 3 years ago
I've been totally focused on the task for almost two years.
Its frickin hard to get your hands on it at a reasonable cost, and huge time delays on orders. Best luck has been with the local coin shop. In 80's spike of silver at $50 bucks an oz you could buy as much as you wanted, now its almost $10 above spot and very difficult to buy in quanity. Dealers can't replace what they have sold. It was better last week, but not so great for the last year. Great vids !!!
boots920 3 years ago
ur the man!
saad1505 3 years ago
I own about 10 000 dollars worth of silver and gold. I also own agricultural land that can make me tomatoes, potatoes or beans; When the shit hits the fan YOU would be selling your silver for FOOD, my friend-or you'll starve. I will be selling you a sack of potatoes for your silver. So which one is better? PS -I collect silver and gold for fun but land and real estate is my real stuff. I get rent from real estate too. Sure silver and gold is better than paper but LAND is better than everything!
BubbuhatesUSA 3 years ago
swiss franc is 40% backed... but i think thats even dwindling.. EUR is 15%
stellaconcepts 3 years ago
None of the currencies are backed by gold and silver. The swiss is ZERO, so is the Euro.
visionvictory 3 years ago
Get ready for the economic bust.
watch?v=w84EiCt0Lqk&NR=1
formulaprimer 3 years ago
Thanks for the vid. It explained Alot.
phlipsat 3 years ago
I want to buy silver in Singapore. Who ships silver coins from US, Europe etc to Singapore? Thanks.
jettoh 3 years ago
Check out a youtuber named jettoh. He's in Singapore and he shipped gold and silver to Singapore from Australia. Maybe he could point you in the right direction.
misterchuckle 3 years ago
You know any hot asian chicks?
JurkoffJay 3 years ago
You should watch "Money As Debt" if you have not already seen it. The "Gold Smiths Tale".
yogiudo 3 years ago
Thanks FongoBongo for the wise info! Have you heard of Bullion Management Group Inc in Vancouver? Would you purchase their shares which are certificates of the holdings of gold/silver/platinum in the Bank - Scotiabank I think? Or would you reccomment the actual physical bars & coins?
pastadude111 3 years ago
get the real deal. Silver certificates are still not as good as owning the real stuff. And who knows, maybe Scotia Bank is shorting their numbers on fractional PM banking.
Overall, when it comes to investing into precious metals is is much better to own the stuff than to own certificates. You could also buy into mining stocks, which has the advantage of paying you dividends and such mining companies will inevitable go up with the rise of gold/silver.
FongoBongo 3 years ago
hey man,
very informative video. just ordered my first silver acquisition, 5 troy ounces of pan american silver for 66.59 british pounds. it's not much but its a start.
would you recommend silver over gold??
iloveshuraim 3 years ago 2
I would recommend both since they are both headed up. However, silver is more suppressed in terms of price than gold and its also much easier to get into ($10ish an ounce). Keep in mind if gold goes up to 1500, silver will head up as well. Its all about how much money you have. Personally, I would say silver.
FongoBongo 3 years ago
Hey bud,
I just did the conversion on what you paid and that seems a little high.
LemmingHerda 3 years ago
I invest in some gold/silver right now, because I dont trust the Dollar/Fiat money any more.
read sth by Peter Schiff, the guy knows whats coming.
Wittmann73 3 years ago
Now since 71 the floating currencies of the world are not tied to anything - that is why they fluctuate so violently - which is very unstable.
Some say the US dollar is backed by Oil -as it is priced in it.
The problem now is there is TOO much money in the system.
Remember this -
Money is always scarce, and as soon as it is no longer scarce, it is no longer money.
dojufitz 3 years ago
Bretton Woods was the agreement after WW2 that the US dollar would be the worlds reserve currency. It took a vicious world war to make this happen. Europe was broken.
The US enjoyed the benefits of this system as they were the ONLY ones who printed this dollar. All other countries had to buy these dollars that were redemable in gold.
The Vietnam War cost the US dearly and they borrowed money from France - DeGaulle asked payment in Gold instead of dollars.
Nixon said no - end of Gold dollars.
dojufitz 3 years ago
nice video I have purchased online via AMPEX, KITCO AND NORTHWESTERN TERRITORIES MINT, all very reliable. check out my collections on my page.
sw640 3 years ago
Good info Bro
ytrfd 3 years ago
Hey FB. You are absolutely "spot" on! Nice to see such a smart head on young shoulders! I have total faith in the future of gold and silver. I currently hold 25oz gold and 700oz silver(both in physical form), and i'm in it for the long haul. Just be patient my friend, and silver will shoot for the moon! Nice video - keep posting!
ski2014 3 years ago
Its just a matter of time before reality sets in and we see Silver sky rocket to unprecedented levels. I'm betting silver will go over $100 an ounce in the near future. I'm glad silver is still being manipulated at the price it is, since it makes buying the PM that much easier on the wallet. However, finding it is another issue...
FongoBongo 3 years ago
I like your thought, Socia bank been out of silver for the past 3 months !!! i've been checking constantly.
DeeHong 3 years ago
Scotia bank just got some silver, around 400 ounces but they have since sold out. I managed to grab a nice slice of that pie.
FongoBongo 3 years ago
when was this? i last check was last wednesday.
DeeHong 3 years ago
this was last Wednesday. Where are you btw? Are you in Toronto?
FongoBongo 3 years ago
Waterloo / Kitchener / Toronto, It's the same vault they called for stock i'm pretty sure.
DeeHong 3 years ago
You have to wonder how many Scotia Bank silver certificates are out there. They won't have the physical silver to back them up. They will settle in paper, people will get paper money when they thought they were protected with silver.
boots920 3 years ago
Hey, I just invested about half my money in gold and silver. Got 8 ounces of 1 oz gold coins and 200 1oz sliver buffalos, total investment was about $9400, I agree with you that having it in precious metals is best play for the next 5 or so years. I should be getting most of it in next month or so since the delays on silver were about that much time. Then when I get it, im gonna go bury it, hehe, nice vid!
StillSmallVoices 3 years ago
Yeah. Let's hope the government doesn't ban silver/gold when it prices soar to ridiculously high levels (they did in the psat). So did you order through bullion direct? Apmex? Kitco? Let me know what the delay times are, I'm just curious.
I've never ordered online, I much prefer to get it from the bank.
FongoBongo 3 years ago
I ordered from APMEX.
They are super fast if they say its in stock, or they specify a estimated ship date and meet it.
Def recommend them.
StillSmallVoices 3 years ago
I woke up to the whole precious metals and fiat currency thing about 18 months ago. I only wish I had known what we know now back when I was your age, when gold was less than $300/oz and silver was about $4. And to think, that was only about 6 years ago. Without the internet, I don't even know how I'd get any gold or silver.
Good luck to you
dillardc81 3 years ago 3
Thanks. Good luck expanding your collection too.
FongoBongo 3 years ago
Well said bro, check out APMEX, they still have ASE's and 1000oz bars and lots of silver shot. Not sure they can ship to Canada though?
corvettedude346 3 years ago 3
APMEX rocks, but they only ship in the US. Great selection at reasonable prices, and awesome customer service!
Be careful buying silver shot. It's cheap, relative to other forms, but you may have a tough time liquidating it down the road, because it's not readily recognizable as .9999 pure silver, even if that's what's stamped on the sack.
APMEX has ASEs and other coins for sale to ship by the end of this month (01/09), at not unreasonable prices, especially given prices on Ebay! =^[.]^=
Raycheetah 3 years ago