Beginner's Guide to Silver Investing pt 2

[xsellers24]

LOL sorry should have watched whole video just watched pt1. this video really helped out alot thank you.

[xsellers24]

what do you think about the 1oz troy silver bars are they good to invest in or collect?

[NorthPro40]

Im considering into getting into Silver Investing and I want to know a somewhat of a glossary of terms related to Silver and silver exchange.

[MrGreendayfan2013]

thank you so much.

[lifelessperson1993]

Wonderful video, it does my heart good to see people who are actually aware this and know what to do...

[RightNetworker]

Very good, to the point, Really likeit. I have been reaserching info for investing in silver. I am just starting out so as much good info I can get the better. Thank you very much for sharing your wisdom and I subbed. will be checking more of ur vids

[zeekeziggler]

As a private investigator I always recomend a "Functional Decoy" safe...A safe that does have some..maybe 30-40% of your valuables and a very private hidden secondary safe. This (functional decoy safe) will satisfy a burgler or x wife and keep part of your goodies secure in the second private safe. Great video btw.

[3333333921]

I don't like bars, I like the coins

[van1976]

Good info.

--Van

[TheEndeavoringFamily]

w w w. govmint .com /item/2011-%241-1oz-Silver-Eag­le-BU/222079/231 has it for $44.95 a coin now

[bobcanbeatyou]

how much do i pay for a 1 once round?

[richgriffin77]

Today they were going for around $35 (a couple bucks above spot)

[doinen]

I wanna buy MIKE'S GARAGE SILVER!!!

[superhawkn]

would 10 million in purchased silver coins move market

[AK410]

If you buy bars just because you want to accumulate ounces rather than to be able to split it into 1 oz units, due it being cheaper, is it purer or less pure or no difference?

[tubehows4life]

What do you think is happening to silver right now? Dropped $10 in a week.

[jhc2480]

Thank you for this video (and part 1!), your instructions on how to invest in silver was VERY valuable for me! :)

[PrepperAZ]

You stated to infest in 1oz increments, but what about smaller incremints such as .50 ounces?

[Survive2Day]

@PrepperAZ Greetings AZ. smaller denominations are fine, but will cost more. One ounce is the sweet spot. Take care. Ed

[xchris109x]

@PrepperAZ I buy mercury dimes for smaller amounts undeer 1 oz. About 14 mercury dimes = 1 oz of silver 90%

[lanningbradley]

Great Videos! I have just started getting into purchasing some silver, gold and platinum . I really appreciate you letting me and everyone else know what to look for, and what to be careful about.

Thanks again!

[urkingod]

I've heard renting a commercial storage is a good place to store your previous metal. When needed, you can get to it anytime as well. but I think the best thing is NOT TO TELL anyone that you got silver. hahaha.

[Trapster99]

Ok, so....Silver, as of today, is selling at $40 spot, which means I will have to pay $44-$48 per Oz from a dealer.

Is silver still a good bet, given that it's now selling near its all time market high of $50; which was way back in 1980??

What do think the market potential for silver is? $60 and oz? $100, $500 or more??

[tubehows4life]

@Trapster99 Have you found out the answer yet friend?

[Trapster99]

@tubehows4life I have enjoyed buying on this 'dip'. I have enjoyed it very much....indeed. I have found a place that sold me silver rounds at $3 above spot.

As for where Silver will go in the future....I have no idea. However, I do know that given the situation in Europe, the USA, and Japan, there WILL be a currency crisis, soon.

China is buying silver. That's all I really need to know.

[tubehows4life]

@Trapster99 Thanks, that was helpful :)

[poopranger]

@Trapster99 I know this response is 2 months late, but todays silver prices, which are close to the nominal value of silver prices in 1980, (the peak) is not really the same. Adjusted for inflation, in 1980 silver prices which were $50 would be around $400 in todays dollar. lol silver is a lot cheaper than you think now

[rpravak]

what about gold and silver mining stocks?

[disclosurenow9]

I like silver coins. They are govt minted with known purity and weight. They have face value. They will become rare as more and more are melted down for .999 bullion and industrial use. They're also more interesting and fun to collect than straight up bullion.

[adamtatusko]

The $600 1099 Form requirement has been removed from the Obamacare Bill.

[wwestc84]

I keep my silver in a fire proof safe. You also could use Brinks for storing the precious metals. I never tell anyone how many ounzes I have.

[THEDROPPEDSOCK]

Great video and very educational, Just a minor point though.

The average house fire is 1100 degrees for 27 min.

Silvers boiling point is 2212.0 °C

Golds boiling point is : 2807.0 °C

The chance of your gold and silver dissapearing because of the fire is very very low. Gold and silver is afterall originally deposited as a magma flow from volcanic activity.

Thanks.

[1930sgirl]

Maybe I'm lacking imagination...but I can't think of where I would keep silver, if not at the bank or my property. Any ideas?

[MissSilverBelle]

Great vid! Thanx

[moviesweetie1987]

Awesome, thanks!

[RayL661]

Mike what are your views on 90% coins, IE junk silver or pre 65 US coinage?

[thckrthnwater311]

Indispensable! thank you very much for taking the time

[clevmartin]

Thanks for these videos!!! I have learned more from you than all my net searches and other youtube videos put together,,,,,

I am a newbee and want to get into buying silver.

Thanks

[Survive2Day]

@clevmartin  Thank you! That's great to hear.

[1uup]

great vid thanks. I think it is great to exchange commodity for commodity, gold /silver standard and so on. What do u htink about buying copper and other bullion, advisable or not. Problem with Silver and other metals is taxed, in uk it is now 20% - happy new year

[Survive2Day]

@1uup Don't know much about commodities in general - I just know that Gold and Silver have always been money throughout history and that Silver is now also being consumed in electronics / solar panels.

[onceRoquin]

love the info, but for the bottom line would you say Eagles(coins) or Buffaloes(rounds) are stronger in general for long-term holding?

i can see benefits for both, but how about any downsides?

[Survive2Day]

@onceRoquin I am told (but not yet thoroughly convinced) that if you have Eagles and you cash them in, you may be able to avoid taxes on the gain.... Hmmm.. The theory is that I use 10 Eagles to pay you for something I want and then claim that I only paid you $10 - the face value of the Eagles, instead of the $100 each when silver gets that high.... While I can see how this might be possible as the Eagles are US currency and you are using the face value, I wonder if the IRS would let it go..

[onceRoquin]

@Survive2Day interesting, not a bad idea!

i was reading discussion just like that elsewhere- that the gold eagle could be 'counted' as 50 dollars paid, platinum $100, etc.

with rounds, dealers will often purchase (percentages) below-spot, which makes me favor coins that much more.

[edmack4me]

There are no 1099 on the black market and if it melts it is still there though melted.

[buttheadfred778899]

junk silver, my plan is to buy stuf with junk silver so no change has to be made.

[DeathKorps94]

Don't ever tell people what you have. If you tell them you have guns then that is a risk. Having food in SHTF will be a risk. I would rather be in possession of it if I had it than try to get to it in a WROL situation

[1dutchgrl]

both videos were very good. I left a comment on the first one you made, but it's gone now?? Anyway, I'll ask again. I still don't understand how we'll be able to use the silver post collapse. And if silver or gold becomes the next bubble, will it be worth much less than current prices are bringing. Investing in silver is the last thing I have to do, but I've been very hesitant for this reason. You can't eat silver, and once the shelves are empty so to speak.......then what?? Your thoughts?

[Survive2Day]

@1dutchgrl Very insightful questions. Remember that precious metals are a hedge against inflation, and an investment - not something that you put everything into. The first thing you need to do, according to any financial planner, is have a "cash" emergency fund of 3 to 6 months. Take some of that cash and have 6 months of food storage, which will get you through the first part of any collapse.

[Survive2Day]

@Survive2Day Second, silver & gold ARE in a bubble - Just in the VERY early stages. According to Mike Maloney, history suggests the metals bubble bursting should happen when a median value house costs about 600 oz. of silver. Then, sell the metals and for real estate or other hard assets. Paper currency is in the process of bursting now. The lessons from Argentina and Zimbabwe, where collapses happened, show that metals will be usable for trade when paper currency is toilet paper.

[mariasman100]

@Survive2Day, who know where the nominal prices will go... but I tend to agree with Maloney about considering relative values (i.e. price of silver vs. real estate). Personally, when/if the value of silver is such that a median priced home in the U.S. can be purchased for less than 1000 ounces of silver, then I will be cashing in 1000 oz of my silver to buy a house.

[Survive2Day]

@mariasman100 Agreed. But I have to figure out what to do with the house I already have!!! :) I hate that I have a home bought nearer the high than the low. Even with a paid-off house, I won't be content!