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!
You cant buy food with silver or gold, so as long as you can buy items with dollars , the dollar wins. If you could buy food with marbles then the marble would be valued,,,,Whatever buys food wins,,,,,Not homes , not cars....FOOD. I think we need to switch to money backed system, even if its backed by ears of corn...
1 year ago I sold some silver for about 55 dollars an ounce but the item was pretty old which explaines the mark up, but it is possiable..They say silver is under priced..pROBLEM IS ,,Silver was used for film and now thanks to digital cameras is not used by many people, and indusrty does not use silver too much. Not like gold. But the gold market is a big bubble. Gold should be at around 650 an ounce.
Paper money fails to be both a unit of account and a long term store of value and in coutries that have high inflation gold is the accepted means of exchange.
Also for 6000 years gold and sliver have been money and still is. We don't need to argue reality will be our final arbiter.
Let the wealthy print, get bailed out and reality will catch up with you.
@silverpizza100 When you say "Gold should be around 650 an ounce", remember that you are valuing the ounce of gold in dollar values... The price of gold actually has not changed - it's real money. The value of the dollar has changed and the change was inflation (the value of the dollar going down). As dollars become less valuable, the price of gold will appear to increase because your life is revolving around the dollar. Just remember, the value of gold has not changed, the dollar has.
There could be a situation where french fries are no longer served to babies as food. that is stuff nobody should see happening and not say something. you gotta say something. you gotta say it davincij15 the whole world is counting on you. say you went vegan for thanksgiving. Why make the videos davincij15? do you know how to blow glass?
The dollar is someone else's liability - in English the dollar is created when a person, government or company goes into debt and must pay it back.
Gold and silver is payment in full not someones promise.
Missing item in the dollar is intrinsic value that paper or bank record has no automatic rarity value, it can be created by anyone with good credit. Thus the government always creates more by going into debt for ever.
Thanks for the reply. So in that sense anything that is scarce is money?
I still don't consider gold and silver money though. They're a very pleasing metal to look at, but as for it being valuable, I never understand what this world's fasination is with these elements.
Oh well though. It does serve as a very stable medium of exchange and storage of labor. Stay well, friend.
It took me a long time and a lot of reading to know without a doubt that gold is money. My goal in this comment is not to convince you it is money but to get you to decide to do more investigation.
Paper money enslaves you as people who create it for free are the masters and people who work for it are the slaves.
In the past the pubic did not thing slavery was wrong, was that belief right because everyone else believed it? Reality does not change people do.
Gold & Silvercan be accurately measured as money in weight and measure (unlike lets say diamonds) and is even recognized in the Bible & US Constitution as the only true form of currency whether you believe or not, The fact is they have been an accepted true money system worldwide for 1000's of years.
Haha. Money is money because the government says so. Good job ;)
It's not that I don't "believe it or not", I just find it childish. It's metal. Ohhhh.. Woopty do.
Still. You just spouted a bunch of common knowledge, but it still doesn't answer what exactly makes these things valuable. Unless you are content with 'because another human or group of humans said so'. Sorry. I'm not convinced, and I also think they're using these metals to play us against each other. Just my opinion though.
HaHa..... The Gov't works for the people and a time will come when the people will expose the Ponzi Fiat Scam and want an honest monetary system backed by something which has a value and requires labor to aquire (as Thomas Jefferson and Our Founding Fathers wanted to preserve) and not a printing machine and what a bunch of criminal banksters and politicians say the fake stuff is worth..
The People are wising up thats why Rockefeller wants to shut down or limit the internet.
Well you show how naive you are with your first sentence. You have it all wrong. Fiat is decree. That's it. It's their inability to stop spending that is the problem, not the decree. The money system is honest. It's the politicians and recently, the law that is becoming dishonest. How do you really expect imaginary numbers and worthless pieces of paper to be dishonest? Put the blame where it is deserved, friend. Haha. They won't shut the internet down. They can't. They don't have the balls.
Triffin's Paradox took 50 years to solve. IMF and SDR's have solved this quietly!
All is left is US dollar to become just another regular currency. The market could correct 30% so that would put gold and silver down to long term support. Tremendous buying opportunity for those who have the funds.
Where have you been training of police and military to attach Americans has been going on for the last 5 years all over America. Pastors have been recruited and trained to help disarm people. Fema camps, patriot act and much, much more.
Davincij15: I agree with you and stellaconcepts and everyone else on this topic. But remember everyone we are not the general pulic any more. people are alway going to be in the dollar. they just see "okay yesterday gas was 1.00 and today its 2.00 so I need to find 1.00" and thats it call it obama mentality. they are just going to work some other way to get that 1.00 Its just people like you and me and other that hope to benifit alittle unless the people uptop mess with things silver 10 gld 500
at this point, when it comes, I will cheer. fk it... I am ready and the more I research the more resentful I become towards the current power structures and their fiat enslavement octopus tentacles.
I think the only reason the dollar hasn't collapsed is because of the deflation.
Karl Denninger has a great chart showing the creation of money. It looks like an exponential curve. As the banks have been failing and borrowing frozen the money supply shrank. This was the reason for the first "surprise" deflationary rally.
Robert Prechter, Marc Faber and a host of other notable names including Peter Schiff talk about the likely second deflationary rally.
if gold heads up over $2000 U.S how will that be priced in Canadian dollars? Will we get a jump in price as well? The U.S is the biggest drunk at the bar but other countries are still drinking right along side them.
Davinci, Great vid---And good question about when the US$ will crash. Perhaps it will be like the Weimar Republic where London demanded payment in Gold. Could China do this or would they just have to stop buying US debt?
What ever event finally does it is anyone's guess, but it will be a miracle for NOT to happen.
More like Iceland is what America will look like. The dollar will fall hard and stop at some point, and wait for the US Gov and the federal Reserve to smarten up.
Only my humble opinion but I would personaly wait a week or two, after every rally there seems to be a pullback and we're still in a pullback. Keep an eye on prices and when it looks like a bottom out you could consider buying some Gold or SILVER ; )
Look up a guy called Ira Epstein, he rarely wrong on buy signals.
Enough, at least, to maximize the life cycle of the dollar. I agree with you. The question is really not who will go and who will stay, I think the question is when is that tipping point. Surely we are closer to it everyday and surely it is delayed by the many who will bet their entire wealth on it, but will it be soon or very soon.
haha, peter schiff on the sept 24 radio show says that it was stupid for people to hold gold after Volker increased interest rates to 20%, he said it was important to time the buying and selling of gold
Yes, well if you can buy a treasury note at 25% or hold gold what are you going to do when inflation is only at 15% for now. Although you get a huge coupon this sucks away value from all other assets as they are sold off for reoccurring income.
Other assets like what? Sell it when? I think many of us here would agree that at some point, each person having a slightly different point, we would sell our PMs and get into assets.. most of us over time versus some tipping point. So we understand your perspective, please answer the first two questions. Thanks.
geez us we are getting poorer as a nation and most of the sheep are oblivious to this fact. thanks for the link dav. You make things clearer in these times of strife, disdain and deceit.
Greenspan and Bernanke's beautiful duet., as sang together at the Federal Reserve concert evening. I'm forever BLOWING BUBBLES, Pretty BUBBLES in the air. They fly so high, Nearly reach the sky, Then like my dreams, They fade and die. Fortune's lost, I've looked everywhere, I'm forever BLOWING BUBBLES, Pretty BUBBLES in the air.
Can't argue with that logic! Things will have to go sooner or later...and most likely sooner by the looks of things. It also doesn't help we've made so many enemies around the world ...why would they want to do us the favor of holding on to our debt and supporting us any more? They won't!
Thanks Davinci!! (The title's misspelled, it should be bursting.)
The dollar carry trade is the bursting point... when ppl can loan dollars for 1% and buy other currency bons for 2, 3, 4, 5% - then the dollar becomes worthless. The dollar is the new Yen.
I can't imagine anything but a default on foreign debt, likely with some humiliating capitulation or other penalty paid to our creditors. Russia defaulted, but they didn't pay much of a penalty, except sucking up a decade or two of hard times. I can't see King Zero letting us get by that way. ='[.]'=
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
hi how do I know whey to buy and sell Gold and Silver ?
urkingod 2 years ago
Apmex or if you live outside of the US or UK go to a bank.
davincij15 2 years ago
You cant buy food with silver or gold, so as long as you can buy items with dollars , the dollar wins. If you could buy food with marbles then the marble would be valued,,,,Whatever buys food wins,,,,,Not homes , not cars....FOOD. I think we need to switch to money backed system, even if its backed by ears of corn...
silverpizza100 2 years ago
1 year ago I sold some silver for about 55 dollars an ounce but the item was pretty old which explaines the mark up, but it is possiable..They say silver is under priced..pROBLEM IS ,,Silver was used for film and now thanks to digital cameras is not used by many people, and indusrty does not use silver too much. Not like gold. But the gold market is a big bubble. Gold should be at around 650 an ounce.
silverpizza100 2 years ago
Money has 3 functions.
1. Unit of account
2. Long term store of value.
3. Accepted and a means of exchange.
Paper money fails to be both a unit of account and a long term store of value and in coutries that have high inflation gold is the accepted means of exchange.
Also for 6000 years gold and sliver have been money and still is. We don't need to argue reality will be our final arbiter.
Let the wealthy print, get bailed out and reality will catch up with you.
Good day.
davincij15 2 years ago
@silverpizza100 When you say "Gold should be around 650 an ounce", remember that you are valuing the ounce of gold in dollar values... The price of gold actually has not changed - it's real money. The value of the dollar has changed and the change was inflation (the value of the dollar going down). As dollars become less valuable, the price of gold will appear to increase because your life is revolving around the dollar. Just remember, the value of gold has not changed, the dollar has.
blr2k 9 months ago
Times are tough for many. If you need to make some money right now here's how you can do it....
GuaranteedWayToMakeMoney [dot] com
BrittPhillips 2 years ago
There could be a situation where french fries are no longer served to babies as food. that is stuff nobody should see happening and not say something. you gotta say something. you gotta say it davincij15 the whole world is counting on you. say you went vegan for thanksgiving. Why make the videos davincij15? do you know how to blow glass?
birthowl 2 years ago
you cant print gold or silver thats why its more valuable than money
ceylous3121 2 years ago
What exactly makes gold and silver money? Hmmm?
bweazel 2 years ago 2
I'm glad you asked that question!
The dollar is someone else's liability - in English the dollar is created when a person, government or company goes into debt and must pay it back.
Gold and silver is payment in full not someones promise.
Missing item in the dollar is intrinsic value that paper or bank record has no automatic rarity value, it can be created by anyone with good credit. Thus the government always creates more by going into debt for ever.
davincij15 2 years ago
Thanks for the reply. So in that sense anything that is scarce is money?
I still don't consider gold and silver money though. They're a very pleasing metal to look at, but as for it being valuable, I never understand what this world's fasination is with these elements.
Oh well though. It does serve as a very stable medium of exchange and storage of labor. Stay well, friend.
bweazel 2 years ago
No, not anything that is scares is money there are other categories.
1. It must be divisible with out lose of value
2. It should not be easy to create.
3. Easy to identify (diamonds are out)
4. It must hold it's value over long periods of time
5. Difficult to track by well connected organizations.
Finally, just remember you have only been alive for a fraction of human history. In that 6000 years gold has been and still is MONEY.
davincij15 2 years ago
It took me a long time and a lot of reading to know without a doubt that gold is money. My goal in this comment is not to convince you it is money but to get you to decide to do more investigation.
Paper money enslaves you as people who create it for free are the masters and people who work for it are the slaves.
In the past the pubic did not thing slavery was wrong, was that belief right because everyone else believed it? Reality does not change people do.
davincij15 2 years ago
it is true but people are still violent to turkeys
birthowl 2 years ago
Gold & Silvercan be accurately measured as money in weight and measure (unlike lets say diamonds) and is even recognized in the Bible & US Constitution as the only true form of currency whether you believe or not, The fact is they have been an accepted true money system worldwide for 1000's of years.
buzzz121 2 years ago
Haha. Money is money because the government says so. Good job ;)
It's not that I don't "believe it or not", I just find it childish. It's metal. Ohhhh.. Woopty do.
Still. You just spouted a bunch of common knowledge, but it still doesn't answer what exactly makes these things valuable. Unless you are content with 'because another human or group of humans said so'. Sorry. I'm not convinced, and I also think they're using these metals to play us against each other. Just my opinion though.
bweazel 2 years ago
HaHa..... The Gov't works for the people and a time will come when the people will expose the Ponzi Fiat Scam and want an honest monetary system backed by something which has a value and requires labor to aquire (as Thomas Jefferson and Our Founding Fathers wanted to preserve) and not a printing machine and what a bunch of criminal banksters and politicians say the fake stuff is worth..
The People are wising up thats why Rockefeller wants to shut down or limit the internet.
buzzz121 2 years ago
Well you show how naive you are with your first sentence. You have it all wrong. Fiat is decree. That's it. It's their inability to stop spending that is the problem, not the decree. The money system is honest. It's the politicians and recently, the law that is becoming dishonest. How do you really expect imaginary numbers and worthless pieces of paper to be dishonest? Put the blame where it is deserved, friend. Haha. They won't shut the internet down. They can't. They don't have the balls.
bweazel 2 years ago
Triffin's Paradox took 50 years to solve. IMF and SDR's have solved this quietly!
All is left is US dollar to become just another regular currency. The market could correct 30% so that would put gold and silver down to long term support. Tremendous buying opportunity for those who have the funds.
formulaprimer 2 years ago
late thursday evening
looking at friday in asia
looking ugly for stocks..
dig a hole crawl in ugly
gold and silver ...sideways ..
equities commodities metals
every thing might take hit ..
take care peoples ..
chena3 2 years ago
Man, that jingling coin is enough to damage one's eardrum!
bammbamm12 2 years ago
Turn down the volume, I will try and adjust the sound so it's not so loud for people who forget.
davincij15 2 years ago
Thanks.
Ouch!
Damn!
bammbamm12 2 years ago
Forget money for now, D. Investigate the goings-on in Hardin Montana.
kensho3 2 years ago
Where have you been training of police and military to attach Americans has been going on for the last 5 years all over America. Pastors have been recruited and trained to help disarm people. Fema camps, patriot act and much, much more.
Dude. This is our reality. Live with it.
davincij15 2 years ago
I would expect a significant bounce for the USD before it heads for another tremendous leg downward.
mongobobo 2 years ago
nice video
MyWeeklyIncome 2 years ago
Comment removed
formulaprimer 2 years ago
Davincij15: I agree with you and stellaconcepts and everyone else on this topic. But remember everyone we are not the general pulic any more. people are alway going to be in the dollar. they just see "okay yesterday gas was 1.00 and today its 2.00 so I need to find 1.00" and thats it call it obama mentality. they are just going to work some other way to get that 1.00 Its just people like you and me and other that hope to benifit alittle unless the people uptop mess with things silver 10 gld 500
usdollar1977 2 years ago
at this point, when it comes, I will cheer. fk it... I am ready and the more I research the more resentful I become towards the current power structures and their fiat enslavement octopus tentacles.
magichandpuppet 2 years ago
All you have to do is go to the grocery and get sticker shock and you see it's on its way.......
lexlaw007 2 years ago
I think the only reason the dollar hasn't collapsed is because of the deflation.
Karl Denninger has a great chart showing the creation of money. It looks like an exponential curve. As the banks have been failing and borrowing frozen the money supply shrank. This was the reason for the first "surprise" deflationary rally.
Robert Prechter, Marc Faber and a host of other notable names including Peter Schiff talk about the likely second deflationary rally.
It's worth researching.
kosai19 2 years ago
if gold heads up over $2000 U.S how will that be priced in Canadian dollars? Will we get a jump in price as well? The U.S is the biggest drunk at the bar but other countries are still drinking right along side them.
tinslatee 2 years ago
Yes that's correct. I need to do a World Reserve currency video and explain how dollar debasement affects every country pegged to the dollar.
davincij15 2 years ago
also my 100,000 dept loan lost 15% thats cool with me cuz i own silver
fancychance57 2 years ago
ow! that blast of noise in the beginning of the video blew up my ear drums.
cut it out !
orangedac 2 years ago
Davinci, Great vid---And good question about when the US$ will crash. Perhaps it will be like the Weimar Republic where London demanded payment in Gold. Could China do this or would they just have to stop buying US debt?
What ever event finally does it is anyone's guess, but it will be a miracle for NOT to happen.
William
Stealth0031 2 years ago
More like Iceland is what America will look like. The dollar will fall hard and stop at some point, and wait for the US Gov and the federal Reserve to smarten up.
If they refuse 2 or 3 years later hyperinflation.
davincij15 2 years ago
Just tell'in it like it is. Nuff said big D.
CoinsFreedom 2 years ago
Definite reality. Thanks.
KarlBrkr 2 years ago
The bursting point is a foregone conclusion now. The issue is the direction to which capital will flee.
Will it go to stocks or to precious metals?
This is the battle right now, still in play.
rayomans 2 years ago
Congratulations D!..You just became my 666th Favorite :)
Errr?...Peace!??
BrodyLuv2 2 years ago
Oct. End of year for the states all 50 states are bankrupt
boots920 2 years ago
Thanks davinci!
fal2grace 2 years ago
Do you think now could be a time to buy gold, if I can get it for 990-980 ?
Adahondeayenh 2 years ago
Gold to 5000!!
BrodyLuv2 2 years ago
yes
nextdimensions 2 years ago
Adahondeayenh:
Only my humble opinion but I would personaly wait a week or two, after every rally there seems to be a pullback and we're still in a pullback. Keep an eye on prices and when it looks like a bottom out you could consider buying some Gold or SILVER ; )
Look up a guy called Ira Epstein, he rarely wrong on buy signals.
Good luck.
ShillBasher 2 years ago
Your really don't need to ask that question do you?
davincij15 2 years ago
when will people call it quits? I don't know, but many will just ride it all the way down, hoping it will turn around.
LysSpooner 2 years ago 2
Enough, at least, to maximize the life cycle of the dollar. I agree with you. The question is really not who will go and who will stay, I think the question is when is that tipping point. Surely we are closer to it everyday and surely it is delayed by the many who will bet their entire wealth on it, but will it be soon or very soon.
Eraser7622 2 years ago
NO MAS!!!
BackBurnerNews 2 years ago
Ha Ha, you are no doubt right about that.
The old English tune 'blowing bubble's' just struck me as being terribly apt.
Cheer's
NowisEvollovetion 2 years ago 2
haha, peter schiff on the sept 24 radio show says that it was stupid for people to hold gold after Volker increased interest rates to 20%, he said it was important to time the buying and selling of gold
orangefield1 2 years ago
Yes, well if you can buy a treasury note at 25% or hold gold what are you going to do when inflation is only at 15% for now. Although you get a huge coupon this sucks away value from all other assets as they are sold off for reoccurring income.
davincij15 2 years ago
exactly so we finally agree on something
hold gold and t hen sell it and get into other assets
orangefield1 2 years ago
Other assets like what? Sell it when? I think many of us here would agree that at some point, each person having a slightly different point, we would sell our PMs and get into assets.. most of us over time versus some tipping point. So we understand your perspective, please answer the first two questions. Thanks.
Eraser7622 2 years ago
whatever marc faber, peter schiff, jim roger, Mary Anne Aden, Gary Alexander, Gene ,..Steven Hochberg...Frank Holmes and Brien Lundi say
they all buy gold and called out the housing bubble
later
deuces
orangefield1 2 years ago
I wish there was someone from Britain like you. Who could give me a British perspective on what is happening. Thanks all the same. CR.
CelticReject 2 years ago
geez us we are getting poorer as a nation and most of the sheep are oblivious to this fact. thanks for the link dav. You make things clearer in these times of strife, disdain and deceit.
Repomex01 2 years ago
NowisEvollovetion 2 years ago 5
greagt
toshibavoodoo 2 years ago
yup.
1TheTruthChannel1 2 years ago
Can't argue with that logic! Things will have to go sooner or later...and most likely sooner by the looks of things. It also doesn't help we've made so many enemies around the world ...why would they want to do us the favor of holding on to our debt and supporting us any more? They won't!
Thanks Davinci!! (The title's misspelled, it should be bursting.)
medulalumosa9 2 years ago
"Bursting" point ;)
The dollar carry trade is the bursting point... when ppl can loan dollars for 1% and buy other currency bons for 2, 3, 4, 5% - then the dollar becomes worthless. The dollar is the new Yen.
stellaconcepts 2 years ago
So there must be a carry trade going on right now. The dollar is continuing it's fall.
Thanks for the heads up.
davincij15 2 years ago
HARSH Reality
odin422 2 years ago
I can't imagine anything but a default on foreign debt, likely with some humiliating capitulation or other penalty paid to our creditors. Russia defaulted, but they didn't pay much of a penalty, except sucking up a decade or two of hard times. I can't see King Zero letting us get by that way. ='[.]'=
Raycheetah 2 years ago 3