Physical Silver is Money - End the Paper Ponzi - Part "B"

[ToyMaster83]

loved the musical chairs analogy. Excellent video mate. Excellent video. I love silver and gold. peace

[XonixRogotta]

@ToyMaster83

Thanks, i find it makes it a lot easier to explain complicated economic issues in simple terms.

[inkey2]

@billyboy2674 : in answer to your question of 6 months ago......well, even in the great depression silver was not confiscated by the government. But....of course that was then....this is now.....and who knows what a current administration might do in a real desperate situation

[inkey2]

here is a wrench thrown into the mix....what if the guy who had the paper money "had buried it" in a top mutual fund for 10 years?

[ToyMaster83]

same thing. mutual funds, fiat money, stocks and bonds. Eventually it is worth shit. Metal and commodities retain value.

[defconquell]

Nice video. I hear you about trying to get people to care, but I would say don't beat yourself up about it because human nature is generally one of denial. Just prepare as best you can for yourself and your family. Look at history, people just keep humming real loud til the music stops.

Hopefully, humans will invent a better banking system after this one collapses. There are certainly enough people aware of the flaws of a fiat system. New capital needs to be created that isn't tied to debt.

[XonixRogotta]

I agree with what you're saying about humans inventing a better banking system after this one collapses. That's just it, the current system MUST collapse before a better system can be given birth to replace it. Unfortunately government is doing everything in its power to save the current broken system. Thanks for the comment.

[pickmanfox]

It's flat out untrue that silver remains worth the same amount in the barter system.

If you google "silverinstitute price history" you can see graphs of silver prices since 1950. As dollars always go down in barter value due to inflation, the dollar value of silver should ALWAYS go up if what you say is true. But when industrial demand for silver slumps it goes down - which means it's going down EVEN FASTER than inflation is reducing the value of paper money!

No commodity has a fixed value.

[XonixRogotta]

Of course I will agree that silver like other commodities fluctuates in price, this of course is not all due to inflation/deflation. It's also due to the laws of supply and demand. I believe silver will only continue to climb in value because they're discovering new uses for it everyday. I've read that silver-zinc batteries are going to replace the current lithium-ion ones. With electric battery powered cars being a thing of the future, silver demand will explode.

[XonixRogotta]

Also silver is now known to have anti-bacterial properties which i've also read will be used in the medical industry, this will also make silver demand go up. My point is, I have more faith in precious metals then I do fiat currency as precious metals can't be "printed" unless of course you buy it from the Comex which we all know issues more "paper" then it has in real physical metal. So are you telling me you have faith in fiat British Pounds especially after all the printing and bailouts?

[pickmanfox]

Yes, I do. Currency is not an investment but a medium of exchange. I don't expect it to appreciate in value, that's not what it's for. I do however expect it to be highly liquid and accepted everywhere I might want to shop. Fiat currency does this job better than currency based on precious metals - with metal-based currency there is often not enough to go around, and discovery of new deposits (for example, asteroid mining) can make it worthless even more quickly than hyperinflation.

[ToyMaster83]

..I'm not sure why I am replying to this message but somehow feel I have to. Silver is an EXCELLENT investment. The only reason you 'think' that your pathetic paper and plastic money is more liquid is because the government told you so and the same goes for all the other citizens of your country.

Why do you see gold and silver steadily going up? because world economies value it. and gold is an indicator of a weakening dollar.

[pickmanfox]

@ToyMaster83

You don't actually know what 'liquid' means, do you?

You also don't appear to understand the concept of inflation.

[ToyMaster83]

@pickmanfox Liquidity refers to how easily you are able to turn it into goods and services. SO yes- I do know. You don't seem to understand you have more trust in the govt then you should - naive or just stupid. Thanks for info - - ten bucks on you not having an uploaded video.

[pickmanfox]

@ToyMaster83

So you understand then, that it's absurd to say any commodity is more liquid than money?

If you grasp the concept of inflation, you know that the purpose of money is to be exchanged for goods and services. If money holds or increases its value people will hoard it and not exchange it. People would invest in money instead of in real investments like businesses and useful commodities, to the detriment of both.

The 'weakness' of fiat money is actually a good thing.

[ToyMaster83]

@pickmanfox ..yep.. no uploaded videos that have your opinions in them. Nice..real nice.

[pickmanfox]

@ToyMaster83

Correct, I prefer to write.

Are you able to discuss the issues without resorting to personal attacks and posting comments on my profile saying that I should be killed?

[pickmanfox]

$1.50 of silver 1967 would be worth $4.95 in 2000. That's a really terrible rate of return, similar to what you'd get from having cash in an instant access savings account.

Currently, though, that ounce of silver would go for a whopping 17 dollars. Not because it's built up value steadily over the past 40 years, but because in the past couple of years we've entered a recession and during a recession people always panic and buy gold and silver because they think it holds its value.

[XonixRogotta]

That's not fair to use 2000 as an example as that was when silver "bottomed". Silver and gold have quadrupled since then. I could have mentioned silver was $50 US an ounce in 1980 which would have been quite a great return since silver was around $1 an ounce in the early 1960's. Also you're incorrect to say silver has only gone up in value due to the recent recession, silver has been going up in value since 2000 (the year you conveniently used in your example).

[pickmanfox]

It may not be fair, but the market isn't fair either. What happens if you want to spend your money when the market is bad? Perhaps because you've lost your job due to a recession and have to rely on savings? It's all very well to say look at your savings and say "I could wait ten years and this will be worth something again" but that just proves the point that silver isn't a reliable or recession-proof basis for currency.

[ToyMaster83]

Christ, you talk shit.

Who puts ALL of their 'spendable' savings into investment????? Only idiots. Everyone should either have a savings account with enough money to keep them out of trouble or have credit available to them that they can quickly pay off with their job.

I'd rather have my silver under my bed where I can see it rather than some retarded money- hungry CEO have it in his greedy hands. More fool you.

[pickmanfox]

@ToyMaster83

Pretty much everyone. We have these things called banks which invest all of our money automatically. They pay interest on our investment, which offsets the loss from inflation.

On current accounts the interest is very low, though. So it's important to make real, long-term investments as well as having cash on hand, as you say.

Nothing wrong with silver under the bed as an investment. Some people buy antiques, which are even harder to steal. Neither makes a good currency, though.

[XonixRogotta]

Also the reason people have been buying precious metals not only since the recession but even prior to it is because of the lack of faith in fiat currency. I highly doubt people are magically going to regain their faith in paper money that's printed out of thin air. I also don't see silver ever hitting $5 US an ounce again so if you bought in 2000 you would have quadrupled your money. How is that a "terrible rate of return" like you mentioned?

[pickmanfox]

Let's assume you sold your 1967 ounce of silver today instead, for the currently inflated price of 17 dollars. That's equivalent to a compound interest rate of 5.82%. Not a terrible investment, but definitely not a good one either.

As for buying in 2000, yes, buying when the market is weak and then selling when it's good will get you a good rate of return. But you're promoting silver as a stable basis for currency, not as merely a good investment if you happen to go for it at the right time.

[pickmanfox]

If you bought stock in Caterpillar Inc. in 2000 and sold today you could have tripled your money. If you sold in 2008 before the recession, you would have five times the amount you invested.

If you want money - stuff you can spend - use real cash money.

If you want to invest - to buy something that will go up with value over time - buy stock in worthwhile companies. You'll make more money than with silver, and your investment will do something useful rather than just sitting under your bed.

[ToyMaster83]

??? what planet are you from?? Did you invest in caterpillar? Let's use insurance companies for example- when 911 hit, the insurance companies were known as blu chip stable companies -- my family lost so much money because of that. Precious metals offer STABILITY. If you had bought silver LESS than a decade ago, it would of cost you $3 an ounce. It is currently at over $17. That is a lot more than triple your money. Keep buying stocks, moron.

[pickmanfox]

@ToyMaster83

Quite so. The dotcom crash, 9/11 and the current mortgage crisis make investors jumpy. When they get jumpy they drop stocks and tend to invest in precious metals - because, like you, they are fearful and crave stability.

This pushes the price up when things are bad. It settles down again when things are good.

You should have bought silver 10 years ago at the bottom of the curve; instead you're buying it at the top of the curve and congratulating yourself on your cleverness.

[ToyMaster83]

@pickmanfox My apologies for the outburst on your channel.

I want to ask you who your sources are regarding why you see this the peak of silver price in the next ten to fifteen years? I do not trade gold or silver. I am a buy and hold investor. This is most definitely not the peak in silver price in the coming years. are you not aware of the massive shortfall in the supply of silver right now? Do you not see the rapidly growing population and increased demand increasing Ag price?

[pickmanfox]

@ToyMaster83

Better.

Honestly I don't know whether we're at the peak or not, but without more crises in the near future, the upward pressure on the price of silver caused by those factors will cease. The price may well rise based on other factors - industrial demand, the inelasticity of supply etc. - but opinion is divided as to whether it's a good investment right now or not. Personally I would bet against the next ten years showing the sort of gains in its value that the last ten have seen.

[TeamLibertyExpress]

Even a majority of people caring, and/or a revolution probably couldn't turn this train around, or weed out the sleezy bankers and cartels. It's worldwide.

I'm stocking up on silver large.

If you're in good shape with some silver, you will come out fine.

Great video.

Girls on trampolines are great too.

[rhalas]

The musical chairs analogy is spot on.

[FCKEVRY1]

They take all your deposits and then make believe that they have your money and you can have it back ANYTIME you want. Unless you all want it back at the same time. Then you can all go fuck yourselves because they'll throw all your paper money into the streets and cover Manhattan with ten inches of worthless cash to show you how stupid you are while they've made out with everything of value decades ago. America, you've been looted and you LOVE it! Go back to sleep, American! Everything's fine!

[FCKEVRY1]

Actually, that below is not even the ponzi. That's another type of scam. The ponzi is this. You put a deposit in the bank along with millions of others. Tomorrow, you all go and ask for your money. Guess what? That's banks don't have it. They have maybe, MAYBE 1% of it. The rest, well, fuck you. See the banks are in overdraft. Deep DEEP in overdraft and they're never going to give your $40 for their overdraft, either. The banks are SO fortunate that you are all so incredibly stupid!

[FCKEVRY1]

There's a lot you didn't mention. You say anything about the Ponzi scam that banks are. Here's how it works. You put your $1000 in the bank and they give you 2% on your money a year. Over the year the FED prints another trillion dollars and loses it causing your $1000 to be worth about $800 plus the 80% of your $20 of interest comes out to $816. They just robbed you of $184. The IRS does the same thing. They take your money all year and then give the same amount in less valuable money back.

[XonixRogotta]

I agree with what you're saying about banks. My video was dragging on time-wise so I figured I'd save the bank talk for another video. But yes, the whole fiat monetary system is not just one big scam but a cartel of many scams.

[inkey2]

@FCKEVRY1 : alot of investors made big money on ponzi scams......as long as they were lucky enough to get out before it crashed

[ShaneChiswick]

best vid on why silver is money that I have seen

[chrisnissan350z]

good video , man

[XonixRogotta]

Thanks for all the comments, I read them all. I'm glad to know that there's people out there that have a good head on their shoulders and understand the scam with paper money.

[johto]

Good video! Now that i'v finished watching your video, i will search girls on trampolines :)

[mlndstream]

This is a good video on the subject, simple and explained repeatedly in different ways to get the point across, and delivered in a way digestible for the general public

[ciscoblock]

Excellent video...

[daveg1311]

Great video! I agree with everything, especially what you say at the end. People need to educate themselves, wake up, and realize what is being taken from them.

[stellaconcepts]

thats me calling you on the phone - I wanted to tell you great vid. ;)

[genupe9]

Great job, man. I mean this as a compliment when I tell you this is a fabulous video for the common man.

[dvnwnd07]

I'm in Chicago area but am buying Silver Maples when its in the 11-12 spot price range in like 20ox increments,

I buy maples over ASE cause of the purity and lower premium.

Thats all your silver is some spoons and a bar, no offense! just saying maybe should have more.

[XonixRogotta]

Good to hear from another silverbug. And no, that is not all the silver I own. I have hundreds of ounces with about half in bar/brick form and the other half in junk silver coins. I just don't want my videos to be about "showing off" but rather to convince people that paper is not wealth. I'm also still buying silver here and there, I personally prefer junk silver because of the fact you can get it close to spot or sometimes even cheaper then spot. Thanks.

[dvnwnd07]

wouldn't mind seeing some of the varieties of silver you do have tho, Some people show some ugly bars i know its still silver but w/e :p

You hold all your silver right? Lot of epople buy silver and gold then put it into a safety deposit box, lawl

mines nice and cold... ;)

[ToyMaster83]

@dvnwnd07 So you don't have any poured bars? I have one particularly nice 5kg poured bar. It's from an Aussie Refinery. Looks great. Just made some nice purchases lately - 3 X 1kg silver kookaburras, a 10oz kookaburra and a 10oz Lunar Tiger. I'm looking to get a few rolls of Maples in the future. It would have been nice if they had made Maples in denominations bigger than 1oz.. I couldn't find ANY. :(

[blurbgurt]

I watched Parts A and B all the way through. Good stuff, very informative.. This contest is awesome. People really need to wake up.