When To Sell Silver And Gold? (Cuando Vender Plata y Oro)

[stormspottter]

Is there a point to hold gold? I know gold will increase in value but iisn't there a possibility that gold will be nationalized again like in 1933

[TWSceptic]

@stormspottter They'd still have to pay you for it, they can't just take it. But since the government will probably not go back to gold standard, you don't have to worry about that.

[e36killer]

I so totally agree!!! White isn't black, unless white is back, at which point they're gray, at which point gray is neither white or black!!!!! What a genius!!!!!!!!!!!

[AK410]

To find out when I should sell my silver and what you guys are doing as mentioned in the beginning of the video, how should I come about this information. Do I subscribe to a newsletter service or something silver or do I have to buy bullion from you etc

Also, what is the difference in the advice from GS as compared to advice if I buy a subscription to Wealth Cycles?

Regards,

Andre

[brickford27]

who would you sell to when the moment comes? whos gonna have the money? and won't the money be worthless crap?

[TWSceptic]

@brickford27 No, when you sell at the right time, paper money will still buy things like cheap stock/houses/land etc. In case of hyperinflation, your gold will be worth a lot and anyone will want it as money. You should be able to buy anything at low price relative to gold. That's what we know from history. Gold will always have value, but you have to look out for when the bubble bursts of course.

[Overfl00d]

Why would i sell my gold and silver, since the dollar is going to collapse?

[buttheadgsxr1000]

Hey are you Dick Sargent and did you play Darrin Stephens on the televisiion series Bewitched?

[moonspeech82]

Silver at 40 USD. Still cheap yes? DOnt kid youtself

[sang3Eta]

When interest rates hit 20% again that might convince me to return to fiat currency.

[ILiveInMyParadise]

I'm having a Mike Maloney marathon today. Sure beats those movie awards!

Mike: can you point me to some kind of comparison of your services? I do all my surfing via iPhone so maybe I've missed it? I'm in the middle of my free week subscription and don't want to miss anything at the end. I've done a LOT of reading and viewing and what you get at here is what I'm looking for. I need to tidy up formulating my whole plan right down to the exit strategy.

[itsdacinch]

You are the man -Mike.

[deltaalpha21074]

Don't anybody who has half a brain waste time investing in Precious metals ---If you are smart I will tell you what to invest int and it will cost depending on where you buy and what you buy few thousands maybe 50 to 100 and then be safe and happy --forget about Gold Silver and Platinum it will be worthless soon!

[tunalure]

So what was the ratio of dow : gold he was suggesting to sell at?

Anyone have any good sites on when to sell silver?

[TOC359]

Great advice.....

[whygoldandsilver]

@TOC359 Thank you

[solgoode1]

I am trying to find out where to sell my silver when the time comes. What organization specifically does a person take their physical silver to in order to sell it?

[whygoldandsilver]

@solgoode1 A bullion dealer, a coin shop, possibly a bank (!?), online brokers, maybe your mechanic, your barber, your real estate agent......who knows?

[polygamous1]

@solgoode1 but the idea is man u buy silver to safeguard what u have n buy food to feed u r famly when their BS money is worth that FA the big question WILL americans with the right to bear amrs give up their only real wealth without a fight? don't sell it man for paper money worth nothing unless u can exchange your silver for some land as far away as possible from Big cities so u can survive the financial colapse i fear they will make a law to steal ppl's silver consfiscate it bankers=govern.

[hexstaticleon]

@solgoode1 to be honest... you would be able to sell it to almost anyone. But in my opinion (and many others) you could look to trade your silver for real estate :-) silver will be at its peak, real estate will be at its bottom :)

[stockman1963]

Tax requirements sales over $600.0 will get recorded. Gold at its price will force tax records. Silver can be sold off in small amounts avoiding tax form next year.

[casienwhey]

Thank you so much.get both to be safe. pristine coins are mainly for assets while junk silver can be seen as daily currency.s it not just best to buy bullion bars?

[MissFireballxl5]

What sort of chance does the average joe have when the big guns are buying up or moving around the gold so other's can't have a slice of that very large cake?

This is from a video the day after your one was posted: /watch?v=nzyTrdl9N3s&feature=r­elated

I gold supply and silver supply is manipulated and supply restricted, who benefits?

[trumpsahead]

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?

[NuclearSiege]

@trumpsahead great point. that is why it is recommended to buy junk silver that has been used. its cheaper and will probably hold similar value later on. get both to be safe. pristine coins are mainly for assets while junk silver can be seen as daily currency.

[whygoldandsilver]

@trumpsahead forget numismatics and buy bullion. silver is silver, gold is gold

[TonyRush]

@trumpsahead That's actually incorrect. Numismatics (collectible, graded coins) have a value to COLLECTORS.....but when it comes to INVESTING in gold and silver (hedging against inflation, asset protection, etc.)....then you want to be invested in gold/silver BuLLION.

Because -- as you say -- who's going to pay more for gold and silver than its metal is worth? No one.

[fuzzywzhe]

@trumpsahead "My silver dealer insists the best way to buy silver is Mint Condition Coins that have a Premium placed on them."

Get a new dealer - your silver dealer is a lying piece of shit. You don't want anything with numismatic value. Your dealer is an unethical, lying, scumbag.

If silver went from today's price to something insane like $700, any premium would simply evaporate.

[randytate]

@trumpsahead Numismatics aside - minted coins might be slightly more liquid in the open market than bullion rounds, especially to non-bugs shop owners. Personally, I do not see us reaching a Mad Max - Beyond Thunderdome style society but the layperson is probably more likely to trade two bottles of premium grade vodka for a Silver Eagle than an APMEX round.

[Napoleon1Blownapart]

@trumpsahead there is also tax advantages to buying us coins...if the price of silver goes up..the govt can't make you pay taxes on the gains b/c the minted coin is considered legal tender...if you have bullion, you will get a 1099 in the mail....you also pay sales tax on bullion in addition to the premium on spot...no sales tax on silver eagles...

[stermr]

Bless, i think this would save couple of souls 25 years from now, my kinds will look opon me and thank me for stocking some silver!

[Justprayfirst]

When was it in US history that the government made it illegal to possess GOLD?

Was that during Roosevelt's regime?

What if they do that again?

[RuudDude1]

I'm in South Africa. I'd love to buy silver from your goldsilver site, but you don't ship here! =(

I really really want to be a part of the mailing list that you are going to send a private newsletter out to when you begin to get rid of some of your precious metals holdings. Do you offer a subscription fee of some sort that I could pay to become a part of this mailinglist?

Thanks

[Finnbar01]

Also why are people buying coins? You pay a large premium for those. Is it not just best to buy bullion bars?

[Finnbar01]

Okay, can anyone answer me this question If we are going into an inflationary depression, even hyperinflation perhaps, won't people be forced to sell their assets including silver and gold if they are unemployed or on a fixed income just to buy the basics?

[rolficus]

thanks Lt haratio kane wheres your cool glasses anyway ive got three ounces of gold bars and 15 killos of silver (3 of those kilos are coins) im hoping that silver out performs gold .which do you think would be easier to liquadate my silver bullion bars or my silver coins and what will give me a better return ounce for ounce ?

[CaribbeanSkies]

Okay, so I have a question for you or anyone else who has a good idea. If silver reaches let's say, $500 oz, who is going to buy all the bullion we have been saving up so we can turn our profit into cash flow real estate? My local coin shop obviously wouldn't be able to handle that kind of purchase nor would I think they would even want to. So who is going to be our buyer/buyers when the time is right? Please give me some insight to anyone who has knowledge on this. Thank you so much.

[whygoldandsilver]

@CaribbeanSkies Gold was trading at $253 less than 10 years ago, and $35oz not that long before. It's now $1270, but nobody is having any trouble selling. The same question could have been asked of gold back then.

[dpla5762]

@CaribbeanSkies The only reason the price would be that high is because people are willing to buy it at those prices. This question is a non starter.

[SvrchovaneCechy]

@CaribbeanSkies Hi. Don't mix nominal and real value. Nominally, silver can reach $500 or a $1000, especially in the highly inflationary environment. The question is - how much $500 I get for my ounce in the future will buy? Many precious metals owners will never sell to get pieces of printed paper - they will rather use the coin to pay for necessities. And it will be GLADLY accepted. Currencies, bills and notes are a distraction, anyway. Wait and see.

[Seano71]

Mike Maloney, go get a real job will you

[suddy669]

thanks for this i'll keep an eye out for that movie,read your book last year thought it was a great book to have.

[MirageScience]

I say don't look at the dow to know when to get out of gold

look at the next basket of national curencies

[whygoldandsilver]

What do you guys think? Dow/Gold 1:1?

[TheCashistrash]

@whygoldandsilver according to his conservative estimate its 4:1 ratio. if the dow is now at 10500 then gold should be 2625 to return back to the average but he is also expecting gold to overshoot . Once he commented that if all the currency was backed by gold, gold should be at around 15k dollars an ounce. My opinion is Stocks will drop in proportion to gold. Ultimately stocks and gold will rise from coming inflation. I would be content to sell at 4:1 ratio double my money.

[TheCashistrash]

@whygoldandsilver The greedy hand sometimes gets burned my friend. What the guy in the video is thinking there is a slim chance gold will be twice the value of the dow at one point. So if lets say down hits 5k gold should be around 10k an ounce before gold corrects itself and starts coming back down. If gold gets that expensive very few people will be able to afford it and if you hold physical gold it will be difficult to sell.

[SvrchovaneCechy]

@whygoldandsilver Hi. Thanks for your videos. I think 0:1. I see no Dow in years to come. This whole concept of stock market indexes, weighting and rating is an extension of fractional reserve banking and is purely fraudulent as far as companies valuation is concerned.

[Joe11Blue]

@SvrchovaneCechy At least I'm not the only one to see this. Valuing a company based on what someone will pay for a percentage of it, rather than what it actually produces is fraudulent at best.

[4rcane]

where you get your desktop wallpaper from. Its nice

[moofph]

...thanks for the insight...they were my thoughts exactly...hmmnnn...so why don't i have billions and billions?

enjoy traveling in bear country...happy returns...pun intended.

[whygoldandsilver]

@moofph thanks!

[jesusdied1]

Sell all of you gold NOW!

[turdsplatter]

If we're going into hyper-inflation, then, to me, it wouldn't make sense to sell your gold and silver no matter what the dow/gold ratio is because you'll be taxed to the hilt and risk the government taking over your assets and paying you in worthless cash. My opinion on the matter....

[whygoldandsilver]

@turdsplatter Thanks, always good to hear what people are thinking

[cabgt]

I'm disappointed i can't buy Maloney's new dvd because i'm not in the U.S. :(

[whygoldandsilver]

@cabgt Won't be long bud...apologies for the dealy

[whygoldandsilver]

@cabgt oops delay

[mikevdv2001]

Nice Video!

I have a question. I live in Mexico and I plan on staying here. Are the things that are happening to the dollar going to happen to the peso as well? Is the peso just a currency instead of real money? When you say cash is trash does that mean all world currencies?

Thank you so much for any input!

[whygoldandsilver]

@mikevdv2001 We'll have some new videos soon that show how all world markets have stated moving in lock step. And yes, all world currencies are trash because none are backed by anything of physical value...therefore there is no restraint on their creation out of thin air. Governments around the world are playing catch with each other to try and keep their trade balances in check and we are the ones who feel the effects. More on this soon...

[jhanders]

@mikevdv2001

Yes all the world's currencies are Fiat Currencies, they always go to 0 and have an average lifespan of about 40 years. 

The dollar is the world's reserve currency (meaning it backs up many other currencies like the Mexican peso, etc)

The dollar comprises 70% of the world's currency supply, as goes the dollar so goes the rest of the world's currencies longterm.

Don't you know the history of devaluations of the Mexican peso?! Well, this will go down worldwide this decade.

[mikevdv2001]

@jhanders Thanks for the comment. I'm glad I'm starting to learn the difference between currency and real money. Thanks!

[clearasvodka]

But don't you have to really compare it to the strength of the U.S. Dollar instead of the Dow? I mean, it doesn't really matter what the Dow is at in comparison to gold if we don't know what the dollar will be at. Additionally, we only have one "crisis" related data set of depression like times in modern times, etc. I'm not buying this explanation 100%. This is not 1930's and the problems are very different and more complex.

[whygoldandsilver]

@clearasvodka Hi Vodka. One of the biggest mistakes we make in modern day society is not differentiating between price and value. The price of something may be rising, while the value is falling. Please head over to Wealth Cycles dot com and have a look for some articles on this. We'll have more explanations on this soon...until then the best place to learn it in detail is Wealth Cycles or Mike's book

[dlmaniac]

Great video. Thanks for uploading.

[whygoldandsilver]

@dlmaniac Thanks for the comment!

[silverfuturist]

Spectacular video! I hear Dow=ounce of gold predictions, Mike's Dow=1/2ounce makes sense

[whygoldandsilver]

@silverfuturist Thanks Joe, we're in Russia and just watched one of your videos with the rooster doing his thing...awesome!

[whygoldandsilver]

@silvercelli Thanks Mr Cello!

[netmasta10bt]

your keyboard is too small

[whygoldandsilver]

@netmasta10bt Ha!

[Ganbareg]

@HyperInflationNation Think for yourself my friend, you dont really need that dvd, no disrespect to mr maloney

[HyperInflationNation]

@Ganbareg You're completely right.

[dowhatuwill]

@HyperInflationNation Good question. Way overpriced means very few will ever see it. More than I could afford as well.

[solojam]

silver $200 ounce is when to sell

[solojam]

"their reason for existence", haha nice

[Wittmann73]

when will the DVD be released for Europe?

[whygoldandsilver]

@Wittmann73 The last date I heard was 7-15 September. Not long...

[geniusmarketing08]

I just worked out the price ofmy parents house in silver back in 1980 in New Zealand, bearing in mind the house in the highs of 2006 would have been worth $700,000 nz (approx $406,000 in 2006 us dollars), It would have taken only 780 ounces of silver which is amazing and that is pretty close to what mike has said, that in 1980 it took approx 1000 ounces of silver to buy an average house (in this case less) lol

[geniusmarketing08]

@geniusmarketing08 The house my parents bought back in early 1980 cost $39,000 nz. The nz/us dollar was 1:1 back then.. thats how my figures are so accurate and I can work it out... amazing stuff!

[whygoldandsilver]

@geniusmarketing08 Nice work, you should definitely post a video with that info it's a damn fine example

[GSDebunked]

where did you get the information on commodity prices going back 800 years?

[ilyuxo]

Is it possible to still ask Mike a question and get the answer?

[whygoldandsilver]

@ilyuxo Hi there, we'll be doing more q&a videos at some stage...but at the moment we are travelling and filming so it's just too hectic. I'll announce it with a video when we do so subscribe to this channel and you'll know about it when it happens. Thanks, Dan

[DennyDFW]

Talking silver... Last week's spike and today's spike aren't the norm. The OE didn't have much (if any) effect on on the prices. I think there's a new phase/pattern/direction silver is heading. I honestly don't think you'll be able to track it with gold as much as it has been lately.

[whygoldandsilver]

@DennyDFW Yes it definitely feels like something is up...Dan

[DennyDFW]

@whygoldandsilver Check out the Business Insider website. Article- "JPMorgan Is Shutting Down All Prop Trading Desks"

[whygoldandsilver]

@DennyDFW ery interesting...hopefully it's not just a smokescreen.

[DennyDFW]

@whygoldandsilver Well, it hasn't dropped below 19.30 in almost 48hrs... we'll see

[whygoldandsilver]

@HyperInflationNation Relax mate, there's a free YouTube version out soon. If you stop recommending penny stocks on the eve of a market crash...I might even give you a copy

[stealinator]

@whygoldandsilver rofl, Dan, thats harsh. Did think it kind of odd myself though. Guess their is always the DYODD disclaimer.

[whygoldandsilver]

@stealinator At least you got it =D

[alphacodexx]

@whygoldandsilver so if i buy the dvd, you will alert me when i need to sell my gold/silver?

[whygoldandsilver]

@alphacodexx Mike won't be recommending when to buy and sell, but he will be advising what he and his company are doing. Think you would need to be a precious metals customer in order to be on the mail out, not just the dvd. Thanks

[HyperInflationNation]

@whygoldandsilver I don't recommend penny stocks on the eve of crashing. Making comments like that could be contrued as libel. Don't do it again! I've never recommended ANY stock ever! You have me confused, mate.

[HyperInflationNation]

@whygoldandsilver Wait, I think I know who you're thinking of... the person has "inflation" in their name - but that's not me. I won't post the name here, but it just dawned on me who you're probably talking about.

[MamaOkie]

How long until I can pay off a $200k mortgage with Silver? Gold?  How much should I have of each now?

[HyperInflationNation]

@MamaOkie Actually, if we go into real hyperinflation, your debt would essentially be wiped-out. For example, when that happened in Weimar Germany in the 1920's, at the end of hyperinflaiton there, all of the debt of Germany could be paid-off with one American cent. Read the first handful of pages of "Dying of Money" by Jens O. Parsson. Now the gov't is so much on the bankers' side that they may try to reassign debt in a new currency, so you'll want to be paid-off before then...(see next post)

[DennyDFW]

@HyperInflationNation Ya... great. With the govt. owning Fannie and Freddie (and God knows what), anyone with any debt on their house will be owned by the govt as well.

[HyperInflationNation]

@MamaOkie ...(part 2)... If the gov't starts paying-down their debts with devalued (hyperinflated currency) then start paying-down your debts at once. Soon after this, the gov't would do a redenomination and if you still had debt they would reassign it in the new currency and you'd be stuck with the burden again.

Now hyperinflation may not be the ultimate way the gov't wipes-out it's debt. There are other scarier ways I wont get into here.

[penguinistas]

If there comes a time to sell your gold / silver then what does one buy in it's place?

Not likely dollars as they suffer inflation and perhaps may be suffering hyperinflation.

What then should wealth be shifted to?

Real Estate may or may not be at the bottom.

Other less volatile commodities?

Emerging Asian markets?

There may not be a good answer at present because things change, but their may be several likely candidates.

Could you suggest a few candidates?

[itneverrains4me]

@penguinistas, Trade for needs first ,Wants second

[Hendo1974]

Good explantion, not all the info but a good guide!

[whygoldandsilver]

@Hendo1974 Thanks Hendo, more to come

[JP5466]

We're not even near a bubble phase in PMs yet. It's pretty simple, when everyone... and I mean EVERYONE is scrambling to buy gold and silver, that will be the time to sell it. Real estate should hit the very bottom by then... *hint  *hint.

[itneverrains4me]

@JP5466 ,if you sell gold or silver at its peak,you end up with the useless cash that everyone is trying to get rid of. Maybe WE don,t realise the change that is coming, is like no other, EVER.

[whygoldandsilver]

@itneverrains4me Trade out of metals when they are overvalued, into the undervalued asset class at that time. Hopefully this will be real estate and stocks.

[whygoldandsilver]

@JP5466 You got it...Mike's plan is to trade out into cashflow Real Estate and high yield stocks that at that time, should be undervalued

[rllang01]

@JP5466 Thats my plan. im going to buy a house with silver eagles. ( I hope, anyway )

[ardizd]

dow 5k, gold $10k maybe??

[whygoldandsilver]

@ardizd Seems possible

[charlesfuchs]

I agree, there are dozens of indicators, just do your own research guys. Mike it totally right, he is the best expert on silver, well one of them.

[whygoldandsilver]

@charlesfuchs Thanks Charlesfuchs. Yep Mike has had is finger on the pulse for a long time now...something worth remembering as new pundits start to come out of the woodwork. If they've taken this long to get onboard, how long will these new guys take to get off?

[itneverrains4me]

Mike, if the price of gold and silver increases a lot, surely the fiat currency becomes even more worthless? ,also if profits are put in the bank,and the bank crashed,(plenty have over the past year) You are worse off. Keeping the gold even though the price may fall would still be a better option..

Another form of exchange is needed

[whygoldandsilver]

@itneverrains4me When gold and silver are overvalued, trade out of them into an undervalued asset. Hopefully cashflow real estate and stocks by then. Dan

[lujosh87]

@whygoldandsilver So when you say trade into cashflow real estate you mean finding someone that will exchange their real estate for your gold/silver, not selling your gold/silver and then using the money to buy real estate because the money might be worthless?

[whygoldandsilver]

@lujosh87 There will be more to come on this. We are heading for turbulent times...but the world is not going to end. There will still be a means of trading value no matter what happens.

[whygoldandsilver]

@economyvsstate No worries! Just to be clear, this question isn't on the dvd that we have just released...don't buy it thinking that you are on there! BUT we do intend to incorporate some of these q&a videos into future productions...thanks again for the question. I think you'll like the video anyway, it's 86 minutes of casual conversation like this interspersed with graphics and charts to explain things. Dan

[TheBrotherMouzone]

So how do we become your customer (to get the private newsletter)? Do I have to buy some gold and silver from you, or is there any other way to subscribe to the private newsletter only?

[AgrippasNotebook3336]

Excellent to see you and Mike again! This is some very interesting (and useful!) info! Can't wait to see some more postings. Keep up the great work. : )

[whygoldandsilver]

@AgrippasNotebook3336 Hi Angelique! Thanks heaps, tons more to come. We're filming in Russia at the moment it's amazing. Mike is speaking to a group of 500 investment bankers, should be very interesting. It's like being in the belly of the beast at the moment. Madness.

[AgrippasNotebook3336]

@whygoldandsilver

Hi Danny boy! : )

Russia with hundreds of investment bankers and Mike too -sounds like madness, but tons of fun and I just bet you're loving every second of it! lol : D One of these days you'll just have to post the blooper takes (and I know there has to be some somewhere).

[piketyl000]

great video!!

[whygoldandsilver]

@piketyl000 Thanks 

[troybr79]

Peter Schiff also sees the Dow/Gold ratio being at 1:1 someday soon. Maybe that's 3000/3000, 5000/5000, or even 8,000/8,000. We'll see...

[whygoldandsilver]

@troybr79 Yes, like Mike says when something is way out of whack when it returns to the mean it usually overshoots, so possibly even greater than 1:1

[whygoldandsilver]

Ok what do you guys think? Dow/Gold 1:1? Greater? 

[Motoicon]

@whygoldandsilver Dow-4500 gold- 5500  Silver- 225

[Robert697]

@whygoldandsilver

Depends on what monetary system the Dow is on then. If it's still based on the USD , and there's hyperinflation, and a beer costs $50 USD, then I'd say Dow:Gold would be 10:1, if not higher.

So, how do we subscribe?

[Motoicon]

I guess I better subscribe before I miss the boat....Whenever I see ur vids pop up, its the first one I go to now....except maybe Stella...lol...Thanks and dont stop. Pretty exciting last week for silver watchin options expiry eat a big bite of shit pie for a change....too bad...hehe...

[whygoldandsilver]

@Motoicon Yes interesting week that's for sure. Change is here. I'll pass your excellent pie analogy on to Mike =D Dan

[tyronebiggums3]

0:34, "as we get near the top, there is going to be a private newsletter telling you what we're doing"

The subscribers will spill the beans, immediately.

[whygoldandsilver]

@tyronebiggums3 Actually, they'll probably wait until after they've considered what to do themselves and acted accordingly. My 2c!

[tyronebiggums3]

@whygoldandsilver

If you follow the thoughts of FOFOA (and 'FOA' and 'A'), there may not be a 'top', at least not for a very long time. Rather, there will be a revaluation, where gold and silver will be priced freely, and they will act as a 'store of value' or 'store of wealth', whereas your fiat paper money will be used for transactions.

.

I'm not sure if that is how it plays out, but I like the idea of having a reliable and dependable store of wealth, which is also tangible.

[TheSilverWatch]

Thank-you for this Mike,... :)

[whygoldandsilver]

@TheSilverWatch No worries Watch, we're in Russia at the moment filming some more segments I'll pass your thanks on to Mike. Dan