People should change their thinking. Judging value in terms of money is pointless. Silver doesn't "take off". It doesn't "go up" or "go down" the price in money does, while silver stays the same. Think of it like this: how much worthless paper money does it take to get 1 oz of silver? Who cares, just get it. The lower the "price" goes the cheaper it is to get. One should not get silver in order to sell it for more money later, but rather to get out of inflationary money to begin with.
The silver market "crashed" because of CME Group telling it's brokers to dramatically increase margin requirements. Most paper-silver investors had to liquidate their entire positions, thus culling a lot of investor demand and increasing supply. Manipulation, pure and simple.
even if you lose money on your silver your better off with silver than paper money or paper money based assets. the dollar will collapse in the next year or so .especially if the fed has another qe.
@minuteman2012 They'll have another QE. How else will they fund their budget? Unless Obama cancels all the wars, drastically cuts social security, and massively raises taxes. During a recession, when he up for re-election next year?
its still a very good buy at 40. the ratio is 37 to 1 and the average is 16 to 1. (gold to silver) so i think it will rise and be above 80 at the end of the year.
is that all you got,you had better step up your stackin pace buddy,they say 10/20%of your savings put into gold/silver,I say what i did & thats 100% invest in gold/silver
I own a coin scale, and if you weigh the buffalo silver coin it shows up as slightly under an ounce (.9998 of a troy ounce or something like that) whereas the silver eagle shows up as a heavy ounce, weight just a fraction above an ounce. For one or two coins it might not matter much, but for large quantities I would definitely stick with the american eagles, maples, philharmonics or similar because the buffaloes are robbing you of a fraction of an ounce each transaction
@OfGodsServant some people just keep 1 month of expense in bank and everything in silver in a safe deposit box, like myself. Dont you think keeping fiat currency is a risk too?
theres more gold than silver.My friend asked me.When will you sell your silver?I said to him My dear friend I will sell my silver when the dollar has no value.
Excellent Video, I really enjoyed it! You hit on some very good points! I feel the exact same way about Silver as you do. I got in a little late, but I am buying as much as I possibly can. So far I have acquired 862 ounces! I am personally looking for 5 to 10 years for my Silver to really take off! In the meantime I welcome any pullbacks as this allows me to buy more! ;)
here is the main idea that needs to be understood. Paper money has a chance to become worthless. Silver will never be worthless. Simple as that. What would you rather have, a piece of paper with the number 20 printed on it, or a beautiful solid silver coin that holds the same value with the possibility of increasing in value. Which can also be traded for paper with ease.
I agree with all your points in the video - but for me, I got into silver & gold merely to store my savings for the future. If in 20 yrs, USD value stays 100% flat, fine with me. But that would mean the currency and economy hold strong for 2 decades. Not gonna happen...but if it does, fine. But remember, physical metal "taking off" also equivocates to the country crashing and burning (currency, economy, or literally) at the same time. We have to be careful what we wish for & be ready.
People have to stop thinking silver (and gold) are a "stock" or a "market". Once you're holding physical silver, you've turned your cash into a value storage device. Put it away, don't think about it, and think of how many OUNCES you have. It's all in the stackin' and hoardin'. Like having a savings account for an emergency or retirement. If it drops, great! That means you can get more - and cheaper than the week before. Physical bullion is meant for storing wealth. Period. My opinion.
I started trading silver in 1985 on the comex, even back then [ Hunt Brothers ] it was manipulated
today still the same !!! but by JP Morgan THIS CAN ALL CHANGE ! IF SOME TRADERS, AND IT WOULDN'T TAKE MANY TO TAKE POSSESSION OF THERE BUY PRICE, ON THE COMEX !!! AS OF NOW THE U.S. MINT HAS SUSPENDED
THE MINTING OF GOLD AND SILVER COINS. A SHORTAGE, COME ON PEOPLE WAKE UP !!! ONE CANADIAN PURCHASER DID JUST THAT. HE CALLED THERE BLUFF, THEY COULDN'T DELIVER THE SILVER AS PROMISED,
These scary type of people make me sick. Any idiot can get on the net and look at the kitco[.]com site and view the silver history. All stocks peak and dip. The dips are still higher that prior dips and that creates the average line that causes stocks to rise. No need for education. No need for special training. Its just horse sense.
Note to scared cats: Silver's been around thousands of years!
Hey My mom noticed paula dean in the background and she wanted me to say hello for her, lol. Yea I used to live In north chicago, Racine area and being a navy brat we went through tough times too. Making life better for kids and family is really all we can ever ask for.
Nice video. I feel good about silvers fundamentals both medium and longer term, however like you mentioned it's important to not go all in, as there is nothing worse than a nice fat pull back with zero funds to step in on it.
insert any future time period....1 year,2,5,8,10 Silver>USD. the usd is a depreciating currency vs goods/services, silver is a goods/service. would you rather have your wealth represented by something that is losing value long term or gaining value long term? its that simple.
with me my friends dont get into it bcos they want quick cash and if they cant make it they rather spend what they have now on more crap they dont need. with me i dont need the money so i can have $5,000.00 in gold n sliver leave it in my closet and not even look/think about it, they dont understand that, but in 1 year i will still have 5,000 or more of silver n gold and my firends $5,000 worth of cloths, sneakers,ipad with be worthless.
@NewYorkOlympians Couldnt of said it better.. Reminds me when I sarted coin collecting in gold and silver coins in 2003 and while I had friends who bought junk and needed cash they would rack up there credit card debt.. Me I'd just sell a coin which would be worth more then what I paid for it and be paying off my debt and what not :) Owning gold and silver should be a no brainer for anyone if you just do a little reserch.. Great vid btw silver wizard..
With the dollar index at almost 85 and silver at $17.60. We can see that a fallback in the dollar index will cause metals to increase again as we have seen. When the dollar increases in value, the metals go south. What we are seeing right now is a rush to safe haven in both gold and the dollar. Imagine where silver could go with a dollar index decreasing. WOE! The dollar is just the last hill standing before going under. So it's just natural to seek the highest ground. It's going down soon :>((
@WhyMeWhySilver the US dollar might get really strong in the short term, not because of any real strength, but due to the fact that the Euro is going to get crushed as they will be the first to fall before this side of the pond.IMO
@polarbeach I agree. With silver being able to hold above the $17.00 mark and the dollar index at above 84. We could/should see Silver leap in strides when the index begins to drop again. Lately Silver has held well even though the dollar index was going higher. Sort of going against the grain when we look at market indicators of silver. I have to say that I really didn't expect the index to go over the 83 mark.Silver has got a lot of potential gain if the index drops back down to the 80 mark.
Great Video Wizard and you're exactly right. As a matter of fact those of us that are buying silver should look at these dips as a very possible event of it being one of the last to come. Right....we just don't know. But if people will just go back and study the fundamentals of this shiny white stuff. It could give you the reassurance that they need. Don't let these lows cause those that are worried, to run scared. The markets are running to metals. Shorts are happening. Take advantage of it :>)
@WhyMeWhySilver If I had held on to the silver I bought when it was $7 an ounce,I'd be an investing genius right now with silver $46 an ounce.It will be over $50 an ounce before summer.I am buying what my budget will allow.Everyone should own at least 50 ounces,and several ounces in gold.You don't have to be a millionaire to invest in it today,but you probably will in a few years
People should change their thinking. Judging value in terms of money is pointless. Silver doesn't "take off". It doesn't "go up" or "go down" the price in money does, while silver stays the same. Think of it like this: how much worthless paper money does it take to get 1 oz of silver? Who cares, just get it. The lower the "price" goes the cheaper it is to get. One should not get silver in order to sell it for more money later, but rather to get out of inflationary money to begin with.
TheChadWork2001 2 months ago
great video, and I believe silver will too. I collect 90% and 40% bullion , keep the hope!
MrSexycapricorn88 4 months ago
Comment removed
JPMorganSuckBalls 4 months ago
This has been flagged as spam show
bla bla bla bla bla bla bla blabla bla
get to the point
cruiseon 7 months ago
The silver market "crashed" because of CME Group telling it's brokers to dramatically increase margin requirements. Most paper-silver investors had to liquidate their entire positions, thus culling a lot of investor demand and increasing supply. Manipulation, pure and simple.
k98killer 8 months ago
even if you lose money on your silver your better off with silver than paper money or paper money based assets. the dollar will collapse in the next year or so .especially if the fed has another qe.
minuteman2012 9 months ago
@minuteman2012 They'll have another QE. How else will they fund their budget? Unless Obama cancels all the wars, drastically cuts social security, and massively raises taxes. During a recession, when he up for re-election next year?
UponInfinity 7 months ago
Comment removed
jaan5226 10 months ago
Great Video.. Keep Stacking!!
jaan5226 10 months ago
good call. History proved you right. Silver up at $43 now. You did well.
casienwhey 10 months ago
its still a very good buy at 40. the ratio is 37 to 1 and the average is 16 to 1. (gold to silver) so i think it will rise and be above 80 at the end of the year.
lnclincoln 10 months ago
Good call, I like a man who puts his money where his mouth is. I wish I got in when you did, but I still think its a very good buy now
theMAXILOPEZpsycho 11 months ago
is that all you got,you had better step up your stackin pace buddy,they say 10/20%of your savings put into gold/silver,I say what i did & thats 100% invest in gold/silver
suddy669 11 months ago
and it did
terry9748 11 months ago
I wish I had bought more silver when this video was made,,,
vwbeamer 11 months ago
I hope silver drops back down to about $20 oz... I need atleast 100 more oz!!!!
Sniperman1964 11 months ago
I own a coin scale, and if you weigh the buffalo silver coin it shows up as slightly under an ounce (.9998 of a troy ounce or something like that) whereas the silver eagle shows up as a heavy ounce, weight just a fraction above an ounce. For one or two coins it might not matter much, but for large quantities I would definitely stick with the american eagles, maples, philharmonics or similar because the buffaloes are robbing you of a fraction of an ounce each transaction
mtwood992211 1 year ago
@OfGodsServant some people just keep 1 month of expense in bank and everything in silver in a safe deposit box, like myself. Dont you think keeping fiat currency is a risk too?
thienuyyt 1 year ago
This has been flagged as spam show
Man ur going to be ******* rich haha
jamesarongray 1 year ago
Comment removed
jamesarongray 1 year ago
You should invest everything you have in SILVER......
Drav1212 1 year ago
i got 5 ounces of gold and 366 ounces in silver. So keep stacking it these metals store REAL wealth over time.
SpiritSphere12 1 year ago
Whats coming is a collaspe of the U.S. dollar. cant wait for then cuz then i will finally be rich! YAY GOLD AND SILVER!!!
benztaylor071283 1 year ago
theres more gold than silver.My friend asked me.When will you sell your silver?I said to him My dear friend I will sell my silver when the dollar has no value.
turborewind 1 year ago
I dont know who your refering to, but im a advid collector. As a matter of fact I just spent over 5,000 dollars in silver.
ZZMann33 1 year ago
Well silver is at about 25 Dollars now. No panic.
Regenbogen3580 1 year ago
you really cant go wrong with silver. if it doesnt work out as an investment, it will be a cool collection.
bdabeast05 1 year ago
Whew, thank God I watched this video, I was just about to sell my entire stack and buy stocks, lol.
JOHNNYH8STHENWO 1 year ago
I put 100% in the past 2 years.
stealinator 1 year ago
Here in Australia, we're talking about Silver beginning to run out around 2012/2013 - so that's a likely time for the rise in price to begin.
In the meantime, use the low prices to buy more.
SuperSpidey25 1 year ago
Buy it love it and shut up & wait :o)
GuildF40 1 year ago
why would you sell silver under $100 ?
gasanetwork 1 year ago
@gasanetwork I agree. I certainly wouldn't be willing to sell under that. It make take a few years to get there - but why throw money away?
I say buy and hold as long as you can, and then around 2013 - 2020, sell at the highest price you can.
SuperSpidey25 1 year ago
Excellent Video, I really enjoyed it! You hit on some very good points! I feel the exact same way about Silver as you do. I got in a little late, but I am buying as much as I possibly can. So far I have acquired 862 ounces! I am personally looking for 5 to 10 years for my Silver to really take off! In the meantime I welcome any pullbacks as this allows me to buy more! ;)
dtgoody 1 year ago
here is the main idea that needs to be understood. Paper money has a chance to become worthless. Silver will never be worthless. Simple as that. What would you rather have, a piece of paper with the number 20 printed on it, or a beautiful solid silver coin that holds the same value with the possibility of increasing in value. Which can also be traded for paper with ease.
Indigozek 1 year ago
Couldn't have been put in better words! Very to the point and very easy to understand! Thanks!
QualitySilverBullion 1 year ago
I agree with all your points in the video - but for me, I got into silver & gold merely to store my savings for the future. If in 20 yrs, USD value stays 100% flat, fine with me. But that would mean the currency and economy hold strong for 2 decades. Not gonna happen...but if it does, fine. But remember, physical metal "taking off" also equivocates to the country crashing and burning (currency, economy, or literally) at the same time. We have to be careful what we wish for & be ready.
rightsideofhistory 1 year ago
People have to stop thinking silver (and gold) are a "stock" or a "market". Once you're holding physical silver, you've turned your cash into a value storage device. Put it away, don't think about it, and think of how many OUNCES you have. It's all in the stackin' and hoardin'. Like having a savings account for an emergency or retirement. If it drops, great! That means you can get more - and cheaper than the week before. Physical bullion is meant for storing wealth. Period. My opinion.
rightsideofhistory 1 year ago 2
This has been flagged as spam show
I started trading silver in 1985 on the comex, even back then [ Hunt Brothers ] it was manipulated
today still the same !!! but by JP Morgan THIS CAN ALL CHANGE ! IF SOME TRADERS, AND IT WOULDN'T TAKE MANY TO TAKE POSSESSION OF THERE BUY PRICE, ON THE COMEX !!! AS OF NOW THE U.S. MINT HAS SUSPENDED
THE MINTING OF GOLD AND SILVER COINS. A SHORTAGE, COME ON PEOPLE WAKE UP !!! ONE CANADIAN PURCHASER DID JUST THAT. HE CALLED THERE BLUFF, THEY COULDN'T DELIVER THE SILVER AS PROMISED,
reginald58 1 year ago
What good is savings in a bank when inflation robs you of your money...
Drav1212 1 year ago
thumbs up way to go silver. nice stack,i have been stacking myself too with real money mainly silver and a few gold.
keep stacking an
alyana2218 1 year ago
Nice video. I just stumbled across you. Thanks for posting.
tesskansas 1 year ago
@tesskansas thank you i am glad you enjoyed it.
MrSilverWizard 1 year ago
May 2010 is when i started buyimg...@$19.....it;s only ben rising since then now @ $38 and I'm still buying
Argument5 11 months ago
May 2010 is when i started buyimg...@$19.....it;s only ben rising since then now 3-11 @ $38 and I'm still buying
Argument5 11 months ago
These scary type of people make me sick. Any idiot can get on the net and look at the kitco[.]com site and view the silver history. All stocks peak and dip. The dips are still higher that prior dips and that creates the average line that causes stocks to rise. No need for education. No need for special training. Its just horse sense.
Note to scared cats: Silver's been around thousands of years!
Keep up the good videos!
Anothercoilgun 1 year ago
The Netherlands read "Bilderberg group" is going for silver.
why?
Peace to all of us
awe130 1 year ago 2
well said.
thanks
awe130 1 year ago
its still in the 3 month up trend :)
RainstormGB 1 year ago
Hey My mom noticed paula dean in the background and she wanted me to say hello for her, lol. Yea I used to live In north chicago, Racine area and being a navy brat we went through tough times too. Making life better for kids and family is really all we can ever ask for.
crazyzee81 1 year ago
@crazyzee81 I love Paula....I steal her recipes all the time! lol....glad you enjoyed the video....say hello to your Mom back : )
MrSilverWizard 1 year ago
Nice video. I feel good about silvers fundamentals both medium and longer term, however like you mentioned it's important to not go all in, as there is nothing worse than a nice fat pull back with zero funds to step in on it.
polarbeach 1 year ago
insert any future time period....1 year,2,5,8,10 Silver>USD. the usd is a depreciating currency vs goods/services, silver is a goods/service. would you rather have your wealth represented by something that is losing value long term or gaining value long term? its that simple.
pkimrey 1 year ago
with me my friends dont get into it bcos they want quick cash and if they cant make it they rather spend what they have now on more crap they dont need. with me i dont need the money so i can have $5,000.00 in gold n sliver leave it in my closet and not even look/think about it, they dont understand that, but in 1 year i will still have 5,000 or more of silver n gold and my firends $5,000 worth of cloths, sneakers,ipad with be worthless.
NewYorkOlympians 1 year ago 11
@NewYorkOlympians
Everyone cannot be helped. Be glad you are not everyone.
Anothercoilgun 1 year ago
@NewYorkOlympians Couldnt of said it better.. Reminds me when I sarted coin collecting in gold and silver coins in 2003 and while I had friends who bought junk and needed cash they would rack up there credit card debt.. Me I'd just sell a coin which would be worth more then what I paid for it and be paying off my debt and what not :) Owning gold and silver should be a no brainer for anyone if you just do a little reserch.. Great vid btw silver wizard..
spiff2003 1 year ago
With the dollar index at almost 85 and silver at $17.60. We can see that a fallback in the dollar index will cause metals to increase again as we have seen. When the dollar increases in value, the metals go south. What we are seeing right now is a rush to safe haven in both gold and the dollar. Imagine where silver could go with a dollar index decreasing. WOE! The dollar is just the last hill standing before going under. So it's just natural to seek the highest ground. It's going down soon :>((
WhyMeWhySilver 1 year ago
@WhyMeWhySilver the US dollar might get really strong in the short term, not because of any real strength, but due to the fact that the Euro is going to get crushed as they will be the first to fall before this side of the pond.IMO
polarbeach 1 year ago
@polarbeach I agree. With silver being able to hold above the $17.00 mark and the dollar index at above 84. We could/should see Silver leap in strides when the index begins to drop again. Lately Silver has held well even though the dollar index was going higher. Sort of going against the grain when we look at market indicators of silver. I have to say that I really didn't expect the index to go over the 83 mark.Silver has got a lot of potential gain if the index drops back down to the 80 mark.
WhyMeWhySilver 1 year ago
Great Video Wizard and you're exactly right. As a matter of fact those of us that are buying silver should look at these dips as a very possible event of it being one of the last to come. Right....we just don't know. But if people will just go back and study the fundamentals of this shiny white stuff. It could give you the reassurance that they need. Don't let these lows cause those that are worried, to run scared. The markets are running to metals. Shorts are happening. Take advantage of it :>)
WhyMeWhySilver 1 year ago 4
@WhyMeWhySilver If I had held on to the silver I bought when it was $7 an ounce,I'd be an investing genius right now with silver $46 an ounce.It will be over $50 an ounce before summer.I am buying what my budget will allow.Everyone should own at least 50 ounces,and several ounces in gold.You don't have to be a millionaire to invest in it today,but you probably will in a few years
NoIDidunt10 10 months ago