Whats the chances that the increasing price of silver causes the industries that use it to look for a cheaper alternative and what affect could that have on the its price?
I want to comment on how people perceive buying gold and silver.
When you buy either gold or silver, you are really not buying anything!
All you are doing is exchanging one form of currency to another. I find it very odd that many people use the word buy as if they are buying a tv, a car...
Because of what our society has taught us, from our youngest days to our oldest, we only see money as fiat currency. If one looks at gold as a currency and not as a commoditiy, exchanging your fiat currency for gold / silver would be much less stressful.
Goldbugs need to start paying more attention to the currency game - its way bigger and more important and overrides anything else going on in gold fundamentals.
As of yesterday afternoon, US mint stops producing gold eagle coins. No more sale until further notice. This is not to mention an existing silver eagle coinc shortage.
0% against other currencies - only up against the US. So really its just that the USD has dropped against other currencies. (Eg aussie is up from 60cents to 90c). You can see it almost every day - when gold goes up the aussie goes up when gold goes down the aussie goes down. You could have gained just as much bypassing gold and just trading Forex.
But Im still keeping mine because we may in future see action in gold due to China and other countries and maybe a gold backed global currency.
gold is going to hit 1200 today I swear. And silver is going to soar because 1200 is a psychological max and people will start riding the cheaper bus to security. I think we are going to see silver make a huge correction to 20 bucks fast!
Do you have an opinion on the Perth Mint certificate program? I have physical but was considering options for the "retirement" accounts, in case I live to that age. Bob Chapman doesn't recommend Perth certificate but doesn't say why. I respect his opinion, but don't agree on w/ him 100% of the time.
Vietnam devaluing it's currency again and setting interest rates at 8% gives currency traders another place to dump borrowed dollars-dollar goes down, dong goes up-Vietnam has to devalue again-dollar goes down, dong goes up........The race to zero is well underway. Gold and dollar charts are starting to form hyperbolas.
you can predict trends not timing--- but the gold price is really telling us something right now-- the dollar will fail when is the question - I would say sooner than later...
My question is? Are Government issued coins owned by the Government? We have paid for the silver, but the coins have a face value on them. Will they ask for them and give us the price of the face value. As Jesus said, give to Cesar what is Cesar's, which was based on who's head was on the coin. Just a random thought.
Colloidal silver is tiny particles of silver suspended in distilled water (I think). I bought some recently and a nebuliser to vapourise it for inhaling. Earlier this month for one day only I started to feel some sort of cold coming on, sneezing, itchy nose. I inhaled the colloidal siver that night for about an hour off and on and the symptoms had gone the next day. Might just be coincidence and due to a good nights sleep but I'll be using it again if I feel like I'm coming down with something.
I have a wine glass of it once a week (with water, not wine!) - I make it myself using .999 pure silver wire and a 9v battery.. Havent had so much as a cold since i've been doing it..
Ha! no.. There is a guy on youtube that looks like pappa smurf - he's totally blue, but he was drinking gallons of the stuff and washing his face with it too though.. Its a really good natural antibiotic - I bought a bottle of the 'proper' stuff which cost a bomb, then i looked into and started making my own.. Probably according to experts I'm not taking enough or doing it quite right, but i still think it works - probably been taking it for about 18 months now. theres guides to doing it on YT..
There's a (probably unpopular) contrarian viewpoint, including an interesting legal decision by the Federal Court of Australia, to be found by Googling: "Colloidal Silver: Risk Without Benefit" Or Google: "Silver toxicity is manifested in a variety of forms, some proven others suspected. Proven forms include: argyria, gastrointestinal irritation, renal and pulmonary lesions." I have to wonder if this is is the flip side of thimerosal (mercury)-laden "Flu" vaccines. ='[.]'=
;) i bought about three years ago - when it was 16 - then it went to 20 and i sold it - but it was really on instruction from someone i trusted, i didnt know much about it at the time... then about a year ago i started buying seriously... how bout you?
hi mate, i was hoping you could explain the treasury auctions and how, why and when that effects the gold price. You mentioned prior that gold seemed to fall after these. HWne are the treasury auctions and how do I get a copy or dates for these? Thanks Great site
How do you sell your silver when the time is right? How hard is it to sell, 1oz coins/rounds, vs. bars 1,5,10,50 100,1000oz... What price can you expect according to spot... and moreover WHO do you sell it too? Some coin shops, I found, only buy it if they aren't stocked up on it, and are limited to how much cash is on hand... I really think it's EASY to BUY, and HARDer to unload... Am I wrong/right?
There is always someone to sell to. Ebay is where you will get the best place for your silver. The bullion refineries will usually take your silver to.
eBay is an option, but IMO a bad option. After paypal/ebay listing and selling fees and S&H, the price needs to be much higher to come out ahead relatitive to spot. I don't see myself unloading 100's of ounces on eBay. I'm sure 1's and 2's are great if you have the time.
Hey John, thanks for a good channel, you've opened my eyes to a lot of things :) I'd just like to ask do you own any silver/gold mining stocks? If so which ones? I have some Barrick but I just heard Bob Chapman says they're no good so i was considering changing. Thx.
Hi John, THAT YOU KNOW OF, What is the best source for buying perth mint coins, specifically LUNAR SERIES COINS. ? ....someone who ships to the US, hopefully : ) ...... Ebay is rather inflated, even for someone who wants to buy in bulk (like myself) ....Thanks John.
I am still trying to convince my spouse that we should have some silver and gold bullion. I did really well with gold bullion in the past. Fair is fair, we decided that I don't hold the pursestrings in this relationship -- it's not my call.
If you are earning the money then you need to be holding the pursestrings. (If she is earning it fair enough). Otherwise - don't take any of this feminist crap that has swept the West like a scourge over recent decades - it's totally unnatural and historically unprecedented - and doomed to social catastrophe- its as unsound as FIAT currency- another short-lived experiment doomed to failure.
Regrow your balls and tell her how its gonna be! No- in fact, just go buy bullion and tell her IT's DONE!
Heh heh, I bring little to the table financially in this relationship, and held the pursestrings in my last one. I was good at managing things in the States, but not here in France. I must admit, our portfolio does better with me NOT in charge. I take too many risks! Also, how do you know I am male?? Have a good one!
Your entire financial and personal situation needs to be known, and we have to be really careful not to give you investment advice unless we are registered reps in your area.
Q: I think it is the understanding of everyone that any asset is only as valuable as people view it to be. So asside from any industrial and luxury usage why do people hold gold and silver to be highly valuable? Im not here to spout off that "you cant eat your gold" but really, if its the fundamentals that drive the price than what fundamentals are driving the price of gold and silver so high? Surely no jewlery market is driving the price, and being rare isnt enough either.
I suppose gold is different to other commodities in that its a form of money and an economy needs money. Now that the FIATS are looking very shaky - the metal form of money is coming back into favour. (Or to put it another way - paper doesnt have much fundamental value does it? A $100 note is worth 1 penny in paper - but its MONEY value is 10,000 times more.)
"I suppose gold is different to other commodities in that its a form of money and an economy needs money"
And what reason does the human race have to agree that its a form of money?arnt most people over looking the relevance to this question? As far as I can tell, the only reason it is considered money is because it has been in the past.
Why would anyone agree to its being valuable? especially once almost no one will be able to afford any?
but I learned the concept of money is more complicated than that. There's good vids that explain it well. Try "The Money Masters" - a 4 hour 2 part vid on Google Video. You'll understand why gold is perfect for the role of MONEY (MONEY is not a COMMODITY - that's the key. (although with the ridiculous FIAT system and derivatives markets we have - that's no longer true - and a great degree of the problem.)
Hey John, what are your rates for Aussie Kookaburras?? How much above spot are they running these days?? I only buy American Eagles at this point as I find it ridiculous to purchase silver for much higher than spot simply because of its stamp.
Love your vids! Have a pretty important question I have never seen addressed:
How price-sensitive is the industrial market for silver? If silver goes over, say, $100, will manufacturers be able to use cheaper substitutes? How replaceable is it?
A related question is when silver is going to the moon, how important will the industrial market actually be?
From SilverSeek (dotcom): "[A] computer that costs $500-1000... contains at most 1 gram of silver, with most carrying fractions of that amount, for a maximum cost of .60. Even if silver were to explode in price from $18 per oz to $180 per oz... the price of the silver... in a computer would grow from $.60 to $6. Thus, even after silver explodes in price, the computer makers will still be very much willing to use silver, as $6 on a $500 computer is just 1.2% of the price." =^[.]^=
Thanks for video. Bob Chapman says we are heading for a short squeeze situation in gold and silver and that the banks and us government has thrown everything they have at this (shorting). He says they will have to cover soon, I believe around 1300 gold, and says we will see a big rally. What is your opinion on this? Thanks.
I got 2009 Silver maples early this year from Kitco (big mistake) and noticed that there are some discolorations on the face of some coins - white soapy type of color. The edges have discoloration too and I dont know whether they are fake or not. It has everything on there that any other maple has incl .999 mark. Does this just need to be cleaned or do you think they're fakes?
Is there a silver tester out there? I don't have a measurer and don't know anything about the "ring test"
The discoloration on the edges are white as well. I also got a lot of coins from APMEX, which everyone says is reputable, but a huge red flag - if you go on their website, they've got SO MUCH in stock unlike their competitors which makes me to think that maybe they're selling fakes as well. My buffalo coins seems a little gray, but maybe it's just me. Mate, if you know of a really good tester, let me know.
Also let me know what you think of Apmex having so much stock.
vinny, I've seen maples (and other coins) with that soapy residue look, and no, it doesn't easily clean off. It doesn't much affect the value of the coin unless it was a proof (mirror) finish. Regular coins are meant for investing and not being shiny, but I feel your pain. We want silver to be as sexy as it can be :D
Ping test: balance it on the top of your finger, and tap the edge gently with something hard (like a pen, quarter, spoon, etc). If it sings clear and high, it's silver. :)
I personally don't care about the appearance, it's just I figured they may have been fake since I am hearing many are selling fake maples these days so I just wanted to make sure.
APMEX relies on its reputation. They wouldn't risk loss of rep, not to mention possible criminal/civil penalties, by selling fakes. You do have to be careful on eBay, at coin shows, and swap meets. In those cases, the train of possession from mfg to dealer is not clear. A LOT of Chinese fakes (mainly high value numismatics, so far) are turning up. But APMEX and other large commercial dealers are safe, because they can't run and hide under a rock if they screw you, and the wouldn't. =^[.]^=
Try APMEX. They have a selection from series 1 and 2 of Perth's Lunar coins (and others). I dunno how they compare in price with other sources, but their prices are pretty reasonable, overall. =^[.]^=
Those are not fake. I also have those "milk spots". I hear it's due to a specific acid RCM using. Today bought a special silver cleaning agent for my Maples, can tell tomorrow if worked. Not buying Maples again.
If there is a run on the banks and/or USD the price of silver coins will never look back. I would guess this would be the case for a generation at least, would you agree?
Bernanke told me he plans on debasing the currency so much that it will make gold fly and unattainable to joe6pack. Once joe6pack figures out they better secure some of their wealth they will flock over to silver, making silver shot passed gold percentage wise. That's what he told me, that silly bastard bernanke.
no idea - the world of numismatics is a whole different investment driver... comes basically down to a function of how many in existance and populace demand.
Seems to me that us North Americans should look at Pandas and Aussie coins like the Kookaburra for highest value in the future. -I'm factoring the ideas of scarcity due to both distance and the issue of peak oil too (travel in the future may be a luxury). -All guesswork on my part though.
Looking at the 2010 Perth Mint pamphlets in front of me, it looks like the Kookaburras and the coins from the Lunar series are the ones to get in silver since they both have mintages of 300,000 for the 1 oz coins, while the Koalas have no mintage limits. For gold 1 oz coins, I'd say to try and get the Lunar series since they have a mintage of only 30,000. The Kangaroos have a mintage of "no more than 350,000 [for] 1 oz coins."
Highest value for Pandas and Kookaburras for what reason?? All they are is stamped coins of 1oz. silver. I think the metal is whats going to drive the price, not the stamp. I may be wrong, but I wouldnt pay more for 1oz of silver simply because its a panda or kook. Its still just 1oz.
True, silver is silver...but the point your missing is the stamping, the artwork and the limited number of coins with that particular artwork. That's where the value is. You'd be surprised what crazy amounts people will pay for something that's in a highly limited supply. Hell, I'm constantly amazed at what people will pay for Cleveland Brown tickets, but that's a different matter.
I dont think im missing anything, this is a severe global economic depression, one in which excesses in spending are being questioned. Rare coins are much like artwork, unnecessary. I think ill stick with the cheap stuff....
I get your point all too well, this is indeed a very severe global economic depression, no doubt. The thing is that we won't be in this depression forever. Even if you don't sell the coins until you're in your eighties, the coins will still have a higher value due to their rarity and the basic metal value will just prove to be the icing on the cake. -Just think how scarce silver will be in a couple of decades. I'm not saying to carry a lot of these coins, but a few wouldn't hurt.
Spot on buddy - Just because not everyone would be prepared to lay out $70+ on a 1989 Panda - Doesnt mean i wouldnt... I'd love one of those suckers! And if i had one I wouldnt ever sell it...which would mean theres one less in circulation and the prices just go higher..
Just think of some of the huge prices people will buy certain Morgan dollars for..
See, proof right there that there is a market for just about everything when it's rare. -And like I was saying before...can you imagine how scarce both silver and that particular coin will be (since many will be melted down for their metal) in a few decades? My mind boggles!
Numismatic value is based on a combination of rarity and quality. Rare coins can be valuable regardless of quality and common coins can be valuable with unusually high quality. If you are talking coins minted specifically for silver not use in commerce, they would likely have little value beyond the silver for decades because they are produced in such large quantities.
instead of going of the current price of silver, can we go off the "gold to silver ratio" in regards of when to buy silver bullion, instead of just looking at how much silver cost?
RBS & HBOS Bank have just been caught taking a bail out BEFORE Oct 2008 and selling shares to llyods Bank lol.They are robbing each other in the UK (just on world news)
Very unlikely EVERYTHING will go down at once, meaning you should be able to find the street value by some means. If however you cannot, charge what you think is fair when selling your coins based on last known market value.
In general John, what do you believe would happen to Australia in the case of a collapse in terms of what VisionVictory, Gerald Celente warn about? I thought we might be in a better position than America but it seems we were worse affected than the United States during the Great Depression anyway. So could we be in a better position, in terms of recovery time, due to large reserves of natural resources, or does this count for nothing, as they are privately owned? Just curious.
Actually Australia is in a far better position than we hear in the USA. In fact your currency is on the rise. If your government keeps to a sensible turn then they will distance themselves from the Dollar. Then you should be pretty stable. At this point if any country distances themselves from the dollar they will be shielded from the dollars collapse. India, China and others are already doing that.
As a holder of physical silver, I'm glad to see it go up. I don't understand, however, why it does this see-saw thing almost every day while gold continues a slow, but sure climb. China? Buying slow, but surely? BTW, love the vids...
Cool Did NOT know that! I have an real affinity for the maple tree, and think the leaf is lovely - when you are comparing the ladies on both, Ms. Liberty is, sorry, more of a "looker."
Personally, I stay away from government issued silver. I get 10 ounce and 50 ounce bars. Check out your jewelery stores... One will know (If there is no bullion places in the yellow pages)
If you are Canadian it is better to buy maples as one can cash them in at any bank. Canadian banks only recognize Maples and JM bars . Otherwise if you have to liquidate silver in Canada you need to go to buillion dealers.coin shops or sell on Ebay. Downside of the maples is it gets irritating looking at the Queens face on the back.
Ha! That's some great news. I thought for sure we'd be in the smoker's lounge for the rest of the year. And here I was thinking of getting a bit more gold...time to switch gears again towards silver. :)
Um, yeah great news! -Like your predictions never come true, right? lol You are always right with your calls, that why you're the Silver King of YT. You didn't know this? Duh. :-)
Ah, yeah I got a simple solution to your problem. Just calmly present your wife with a highly complex chart, complete with all possible variables (with no labels of course), and present it to her saying something like:
"See dearest, I've run a complete diagnostic analysis of the situation, factoring all possible variables and probable outcomes, and it says that my way is the best of all possible outcomes." Yeah, that'd work. lol
You must have pretty mixed feelings doing these vids sometimes, John. I say that because although G & S is up on the year in US $/ £/ Euro terms think it's down a bit in Ozzy $'s due to the strength of your currency over the last year. Do you sometimes wonder if you've made the right choices as a Australian?. Where do you see things going for you guys from here?.
to sell now is to speculate the dollar will strengthen. this also speculates that wall street and assets will collapse. it is the opposite of the hyperinflation argument.
you simply MUST be prepared for both extremes...inflation or deflation..
Do you have any say about the recent Tungsten gold plated bars in Fort Knox?
What is China's involvement with this whole thing?
I tried to the full story on the internet but all I got is fragmented bit and pieces stories.
Bob Chapman and Kal Gronvall cover the story briefly, but there aren't that many news circling around on YouTube or on internet. Media censorship maybe?
Im pretty sure this Tungsten Gold thing going on is complete BS. I mean really who has 400oz bars they dont have assayed on delivery? Its just scare mongers trying to depress the price and scare people away from gold.
I agree, 400oz bars dont travel to citizens very often. Not like you would ever take it anywhere and try to buy with it. show up with a 400oz bar in the back of a pickup truck to buy a house? lol
Gold and silver are the real money not really a currency
rajcasino 11 months ago
My question is...
How can I find the post where you answer everyone?
MUDSWAT 2 years ago
Hi John
Whats the chances that the increasing price of silver causes the industries that use it to look for a cheaper alternative and what affect could that have on the its price?
thanks
jasonp23 2 years ago
when will the comex default and when will we see THE REAL VALUE of Gold and Silver.
dahool78 2 years ago
I want to comment on how people perceive buying gold and silver.
When you buy either gold or silver, you are really not buying anything!
All you are doing is exchanging one form of currency to another. I find it very odd that many people use the word buy as if they are buying a tv, a car...
odn1 2 years ago
its a good point. very good point.
stellaconcepts 2 years ago
When you go overseas, are you going to buy US Dollars, are you going to buy EUROS, no,
you exchange it for your fiat currency. Thats how I feel gold / silver should be approached.
odn1 2 years ago
Because of what our society has taught us, from our youngest days to our oldest, we only see money as fiat currency. If one looks at gold as a currency and not as a commoditiy, exchanging your fiat currency for gold / silver would be much less stressful.
odn1 2 years ago
Excellent question!
Goldbugs need to start paying more attention to the currency game - its way bigger and more important and overrides anything else going on in gold fundamentals.
mallamoozoo 2 years ago
QUESTION: What is your exit strategy?
jdl1881 2 years ago
What does everybody make of this?
As of yesterday afternoon, US mint stops producing gold eagle coins. No more sale until further notice. This is not to mention an existing silver eagle coinc shortage.
rollinglibs101 2 years ago
Little off topic..What do you think of Growby10 channel?..That guy makes me laugh
rollinglibs101 2 years ago
stellaconcepts,
Atre you still buying?
rollinglibs101 2 years ago
Silver up 60%. Have I missed the boat? Buy now or wait for it to fall? What is the % gain this year against other currencies?
wesleyhux 2 years ago
0% against other currencies - only up against the US. So really its just that the USD has dropped against other currencies. (Eg aussie is up from 60cents to 90c). You can see it almost every day - when gold goes up the aussie goes up when gold goes down the aussie goes down. You could have gained just as much bypassing gold and just trading Forex.
But Im still keeping mine because we may in future see action in gold due to China and other countries and maybe a gold backed global currency.
mallamoozoo 2 years ago
Dollar index 74.30
lilbitparanoid 2 years ago
gold is going to hit 1200 today I swear. And silver is going to soar because 1200 is a psychological max and people will start riding the cheaper bus to security. I think we are going to see silver make a huge correction to 20 bucks fast!
SamuraiCommando 2 years ago
Do you have an opinion on the Perth Mint certificate program? I have physical but was considering options for the "retirement" accounts, in case I live to that age. Bob Chapman doesn't recommend Perth certificate but doesn't say why. I respect his opinion, but don't agree on w/ him 100% of the time.
lloydmer 2 years ago
Why are American eagles so damn high priced only 91% gold. grrrrr. Im just ranting I want some eagles....
SamuraiCommando 2 years ago
why US mint suspend Eagle sales?
SamuraiCommando 2 years ago
/watch?v=Bq5thy1nRYU
MrZ421 2 years ago
Vietnam devaluing it's currency again and setting interest rates at 8% gives currency traders another place to dump borrowed dollars-dollar goes down, dong goes up-Vietnam has to devalue again-dollar goes down, dong goes up........The race to zero is well underway. Gold and dollar charts are starting to form hyperbolas.
lilbitparanoid 2 years ago
Going to be a long december and there's reason to believe
For the Conex, this year just might be the last
lilbitparanoid 2 years ago
What has surprised me is Rhodium, this years low is $760 and the high is $2590. what do you think about that John?
raymondk2005 2 years ago
would love to see a video comparison of silver to other investments. thanks for the update jon.
cv1122 2 years ago
Copper has done well based on China stocking inventories its gained over 100% in USD.
The COMEX stocking levels have indicated a big purchase around 13th Nov.
pardonwhat 2 years ago
Can you foresee the failure of the american dollar?
comedytracker 2 years ago
you can predict trends not timing--- but the gold price is really telling us something right now-- the dollar will fail when is the question - I would say sooner than later...
popomp1 2 years ago
My question is? Are Government issued coins owned by the Government? We have paid for the silver, but the coins have a face value on them. Will they ask for them and give us the price of the face value. As Jesus said, give to Cesar what is Cesar's, which was based on who's head was on the coin. Just a random thought.
dreamworldful 2 years ago 2
60% in what currency? = /
dominicjan 2 years ago
It will be good for *bragging rights* if at the end of the year Silver is way up there...:0) 65% is not too shabby...?
What do you think of Lithium as a mining investment idea?
Cheers John.
felixdov 2 years ago
Question: What is colloidal silver? I have read about medicinal uses. Any thoughts?
IntiHehlua 2 years ago
Colloidal silver is tiny particles of silver suspended in distilled water (I think). I bought some recently and a nebuliser to vapourise it for inhaling. Earlier this month for one day only I started to feel some sort of cold coming on, sneezing, itchy nose. I inhaled the colloidal siver that night for about an hour off and on and the symptoms had gone the next day. Might just be coincidence and due to a good nights sleep but I'll be using it again if I feel like I'm coming down with something.
ford7777777 2 years ago
Muchos Gracias.
IntiHehlua 2 years ago
I have a wine glass of it once a week (with water, not wine!) - I make it myself using .999 pure silver wire and a 9v battery.. Havent had so much as a cold since i've been doing it..
MauserBroom 2 years ago
How long have you been taking it? Your skin hasn't begun to turn silver, has it?
IntiHehlua 2 years ago
Ha! no.. There is a guy on youtube that looks like pappa smurf - he's totally blue, but he was drinking gallons of the stuff and washing his face with it too though.. Its a really good natural antibiotic - I bought a bottle of the 'proper' stuff which cost a bomb, then i looked into and started making my own.. Probably according to experts I'm not taking enough or doing it quite right, but i still think it works - probably been taking it for about 18 months now. theres guides to doing it on YT..
MauserBroom 2 years ago
is it good for cancer?
mallamoozoo 2 years ago
@mallamoozoo
There's a (probably unpopular) contrarian viewpoint, including an interesting legal decision by the Federal Court of Australia, to be found by Googling: "Colloidal Silver: Risk Without Benefit" Or Google: "Silver toxicity is manifested in a variety of forms, some proven others suspected. Proven forms include: argyria, gastrointestinal irritation, renal and pulmonary lesions." I have to wonder if this is is the flip side of thimerosal (mercury)-laden "Flu" vaccines. ='[.]'=
Raycheetah 2 years ago
;) i bought about three years ago - when it was 16 - then it went to 20 and i sold it - but it was really on instruction from someone i trusted, i didnt know much about it at the time... then about a year ago i started buying seriously... how bout you?
stellaconcepts 2 years ago
hi mate, i was hoping you could explain the treasury auctions and how, why and when that effects the gold price. You mentioned prior that gold seemed to fall after these. HWne are the treasury auctions and how do I get a copy or dates for these? Thanks Great site
liveforever72 2 years ago
are some of the weaker hands ever going to get taken out of silver? I would love to see a pullback
limitedplay 2 years ago
Ammo has done twice as good as silver.
odin422 2 years ago
A commenter a couple of months back said Palladium had the best % rise this year.
stuntpea 2 years ago
Just a couple of your favorite junior miners please!!
ukjw2 2 years ago
I think a couple of the base metals outperformed silver, and the Chinese and some of the asian equity markets.
chroNick546 2 years ago
How do you sell your silver when the time is right? How hard is it to sell, 1oz coins/rounds, vs. bars 1,5,10,50 100,1000oz... What price can you expect according to spot... and moreover WHO do you sell it too? Some coin shops, I found, only buy it if they aren't stocked up on it, and are limited to how much cash is on hand... I really think it's EASY to BUY, and HARDer to unload... Am I wrong/right?
Thanks
AvidLifestyle 2 years ago
There is always someone to sell to. Ebay is where you will get the best place for your silver. The bullion refineries will usually take your silver to.
TheronDragoon 2 years ago
eBay is an option, but IMO a bad option. After paypal/ebay listing and selling fees and S&H, the price needs to be much higher to come out ahead relatitive to spot. I don't see myself unloading 100's of ounces on eBay. I'm sure 1's and 2's are great if you have the time.
AvidLifestyle 2 years ago
Hey John, thanks for a good channel, you've opened my eyes to a lot of things :) I'd just like to ask do you own any silver/gold mining stocks? If so which ones? I have some Barrick but I just heard Bob Chapman says they're no good so i was considering changing. Thx.
flatnerd 2 years ago
what is your opinion about growby10's latest opinion?
idk3k1 2 years ago
Hi John, THAT YOU KNOW OF, What is the best source for buying perth mint coins, specifically LUNAR SERIES COINS. ? ....someone who ships to the US, hopefully : ) ...... Ebay is rather inflated, even for someone who wants to buy in bulk (like myself) ....Thanks John.
REDEMPTIONthreadz 2 years ago
I am still trying to convince my spouse that we should have some silver and gold bullion. I did really well with gold bullion in the past. Fair is fair, we decided that I don't hold the pursestrings in this relationship -- it's not my call.
slobomotion 2 years ago
If you are earning the money then you need to be holding the pursestrings. (If she is earning it fair enough). Otherwise - don't take any of this feminist crap that has swept the West like a scourge over recent decades - it's totally unnatural and historically unprecedented - and doomed to social catastrophe- its as unsound as FIAT currency- another short-lived experiment doomed to failure.
Regrow your balls and tell her how its gonna be! No- in fact, just go buy bullion and tell her IT's DONE!
mallamoozoo 2 years ago
Heh heh, I bring little to the table financially in this relationship, and held the pursestrings in my last one. I was good at managing things in the States, but not here in France. I must admit, our portfolio does better with me NOT in charge. I take too many risks! Also, how do you know I am male?? Have a good one!
slobomotion 2 years ago
Check the performance of lead, and copper has done well, and so has copper
BJamesEason 2 years ago
HONG KONG!!!!! YEAHHHH!!!!
pupilofreality 2 years ago
John, should I sell my house and buy silver??? It's me again, the guy who never watches the end of a v ideo ; )
pupilofreality 2 years ago
Your entire financial and personal situation needs to be known, and we have to be really careful not to give you investment advice unless we are registered reps in your area.
slobomotion 2 years ago
I'd definitely be interested in a video comparing silver to other assets/commodities in 2009.
My question is: What is the SEXIEST silver you've ever held in your hands?
drutter 2 years ago
Q: I think it is the understanding of everyone that any asset is only as valuable as people view it to be. So asside from any industrial and luxury usage why do people hold gold and silver to be highly valuable? Im not here to spout off that "you cant eat your gold" but really, if its the fundamentals that drive the price than what fundamentals are driving the price of gold and silver so high? Surely no jewlery market is driving the price, and being rare isnt enough either.
Thanks in advance :)
collegeboy477 2 years ago
I suppose gold is different to other commodities in that its a form of money and an economy needs money. Now that the FIATS are looking very shaky - the metal form of money is coming back into favour. (Or to put it another way - paper doesnt have much fundamental value does it? A $100 note is worth 1 penny in paper - but its MONEY value is 10,000 times more.)
Capiche?
mallamoozoo 2 years ago
"I suppose gold is different to other commodities in that its a form of money and an economy needs money"
And what reason does the human race have to agree that its a form of money?arnt most people over looking the relevance to this question? As far as I can tell, the only reason it is considered money is because it has been in the past.
Why would anyone agree to its being valuable? especially once almost no one will be able to afford any?
collegeboy477 2 years ago
I used to ask that question too dude -
but I learned the concept of money is more complicated than that. There's good vids that explain it well. Try "The Money Masters" - a 4 hour 2 part vid on Google Video. You'll understand why gold is perfect for the role of MONEY (MONEY is not a COMMODITY - that's the key. (although with the ridiculous FIAT system and derivatives markets we have - that's no longer true - and a great degree of the problem.)
mallamoozoo 2 years ago
New all-time high for gold, again: $1178
drutter 2 years ago
Hey John, what are your rates for Aussie Kookaburras?? How much above spot are they running these days?? I only buy American Eagles at this point as I find it ridiculous to purchase silver for much higher than spot simply because of its stamp.
CASTILLOM1 2 years ago
John,
Love your vids! Have a pretty important question I have never seen addressed:
How price-sensitive is the industrial market for silver? If silver goes over, say, $100, will manufacturers be able to use cheaper substitutes? How replaceable is it?
A related question is when silver is going to the moon, how important will the industrial market actually be?
Thank you so much!
bearcat648 2 years ago
@bearcat648
From SilverSeek (dotcom): "[A] computer that costs $500-1000... contains at most 1 gram of silver, with most carrying fractions of that amount, for a maximum cost of .60. Even if silver were to explode in price from $18 per oz to $180 per oz... the price of the silver... in a computer would grow from $.60 to $6. Thus, even after silver explodes in price, the computer makers will still be very much willing to use silver, as $6 on a $500 computer is just 1.2% of the price." =^[.]^=
Raycheetah 2 years ago
Thanks for video. Bob Chapman says we are heading for a short squeeze situation in gold and silver and that the banks and us government has thrown everything they have at this (shorting). He says they will have to cover soon, I believe around 1300 gold, and says we will see a big rally. What is your opinion on this? Thanks.
bluecat1122 2 years ago
Hey John -
I got 2009 Silver maples early this year from Kitco (big mistake) and noticed that there are some discolorations on the face of some coins - white soapy type of color. The edges have discoloration too and I dont know whether they are fake or not. It has everything on there that any other maple has incl .999 mark. Does this just need to be cleaned or do you think they're fakes?
Is there a silver tester out there? I don't have a measurer and don't know anything about the "ring test"
vinny1010 2 years ago
not fake. common with maples.
stellaconcepts 2 years ago
The discoloration on the edges are white as well. I also got a lot of coins from APMEX, which everyone says is reputable, but a huge red flag - if you go on their website, they've got SO MUCH in stock unlike their competitors which makes me to think that maybe they're selling fakes as well. My buffalo coins seems a little gray, but maybe it's just me. Mate, if you know of a really good tester, let me know.
Also let me know what you think of Apmex having so much stock.
Cheers mate!
vinny1010 2 years ago
vinny, I've seen maples (and other coins) with that soapy residue look, and no, it doesn't easily clean off. It doesn't much affect the value of the coin unless it was a proof (mirror) finish. Regular coins are meant for investing and not being shiny, but I feel your pain. We want silver to be as sexy as it can be :D
Ping test: balance it on the top of your finger, and tap the edge gently with something hard (like a pen, quarter, spoon, etc). If it sings clear and high, it's silver. :)
drutter 2 years ago
Thanks Drutter!
I personally don't care about the appearance, it's just I figured they may have been fake since I am hearing many are selling fake maples these days so I just wanted to make sure.
Thanks again!!
vinny1010 2 years ago
APMEX relies on its reputation. They wouldn't risk loss of rep, not to mention possible criminal/civil penalties, by selling fakes. You do have to be careful on eBay, at coin shows, and swap meets. In those cases, the train of possession from mfg to dealer is not clear. A LOT of Chinese fakes (mainly high value numismatics, so far) are turning up. But APMEX and other large commercial dealers are safe, because they can't run and hide under a rock if they screw you, and the wouldn't. =^[.]^=
Raycheetah 2 years ago
Thanks man!!
vinny1010 2 years ago
@REDEMPTIONthreadz
Try APMEX. They have a selection from series 1 and 2 of Perth's Lunar coins (and others). I dunno how they compare in price with other sources, but their prices are pretty reasonable, overall. =^[.]^=
Raycheetah 2 years ago
I believe you want to keep them airtight in a plastic bubble or sealed bag.
Or they sill start to look a bit weird over time.
BLING BLING
ThomasCanshine 2 years ago
Those are not fake. I also have those "milk spots". I hear it's due to a specific acid RCM using. Today bought a special silver cleaning agent for my Maples, can tell tomorrow if worked. Not buying Maples again.
rytis1 2 years ago
But also realize that Silver has been SEVERELY suppressed beginning and throughout this year
vinny1010 2 years ago
Silver and gold are Bustin a nut all over the dollars face!!!
kevink040 2 years ago 3
lol ;)
stellaconcepts 2 years ago
money shot?
cowboycarl04 2 years ago
Thanks for that. That's good news.
InTheSticks1881 2 years ago
If there is a run on the banks and/or USD the price of silver coins will never look back. I would guess this would be the case for a generation at least, would you agree?
maxxmann34 2 years ago
What is your final goal for the silver price? Of course this is just a HUGE guess.
dbztiki 2 years ago
HUGE guess indeed - so huge - i cant even think of a number.
stellaconcepts 2 years ago
Ask Chuck Norris :o)
GuildF40 2 years ago 2
Bernanke told me he plans on debasing the currency so much that it will make gold fly and unattainable to joe6pack. Once joe6pack figures out they better secure some of their wealth they will flock over to silver, making silver shot passed gold percentage wise. That's what he told me, that silly bastard bernanke.
dbztiki 2 years ago 4
Real question time what 1 oz coin or bar will have the greatest potential for a highest numismatic value in the future?
davincij15 2 years ago
no idea - the world of numismatics is a whole different investment driver... comes basically down to a function of how many in existance and populace demand.
not my area at all ;)
stellaconcepts 2 years ago
Seems to me that us North Americans should look at Pandas and Aussie coins like the Kookaburra for highest value in the future. -I'm factoring the ideas of scarcity due to both distance and the issue of peak oil too (travel in the future may be a luxury). -All guesswork on my part though.
AfterTheFox75 2 years ago
when guesswork is backed up by logic - it becomes a possibility.
a possibility is worth preparing for.
stellaconcepts 2 years ago
Thanks John. :)
Looking at the 2010 Perth Mint pamphlets in front of me, it looks like the Kookaburras and the coins from the Lunar series are the ones to get in silver since they both have mintages of 300,000 for the 1 oz coins, while the Koalas have no mintage limits. For gold 1 oz coins, I'd say to try and get the Lunar series since they have a mintage of only 30,000. The Kangaroos have a mintage of "no more than 350,000 [for] 1 oz coins."
AfterTheFox75 2 years ago
Highest value for Pandas and Kookaburras for what reason?? All they are is stamped coins of 1oz. silver. I think the metal is whats going to drive the price, not the stamp. I may be wrong, but I wouldnt pay more for 1oz of silver simply because its a panda or kook. Its still just 1oz.
CASTILLOM1 2 years ago
True, silver is silver...but the point your missing is the stamping, the artwork and the limited number of coins with that particular artwork. That's where the value is. You'd be surprised what crazy amounts people will pay for something that's in a highly limited supply. Hell, I'm constantly amazed at what people will pay for Cleveland Brown tickets, but that's a different matter.
AfterTheFox75 2 years ago
I dont think im missing anything, this is a severe global economic depression, one in which excesses in spending are being questioned. Rare coins are much like artwork, unnecessary. I think ill stick with the cheap stuff....
CASTILLOM1 2 years ago
I get your point all too well, this is indeed a very severe global economic depression, no doubt. The thing is that we won't be in this depression forever. Even if you don't sell the coins until you're in your eighties, the coins will still have a higher value due to their rarity and the basic metal value will just prove to be the icing on the cake. -Just think how scarce silver will be in a couple of decades. I'm not saying to carry a lot of these coins, but a few wouldn't hurt.
AfterTheFox75 2 years ago
Spot on buddy - Just because not everyone would be prepared to lay out $70+ on a 1989 Panda - Doesnt mean i wouldnt... I'd love one of those suckers! And if i had one I wouldnt ever sell it...which would mean theres one less in circulation and the prices just go higher..
Just think of some of the huge prices people will buy certain Morgan dollars for..
MauserBroom 2 years ago
Sold rare Britannia for $65 on ebay, that's 3.5 over spot!! I was floored. Some people will pay anything for a specific image.
rytis1 2 years ago
Congrats on the sale! :)
See, proof right there that there is a market for just about everything when it's rare. -And like I was saying before...can you imagine how scarce both silver and that particular coin will be (since many will be melted down for their metal) in a few decades? My mind boggles!
AfterTheFox75 2 years ago
enter: "year of the dragon, silver" Any Pearth Mint with dragon sells 2 -3 times over spot on ebay. For some reason people obsessed with dragons:))
rytis1 2 years ago
Cool! What year was it? the 2003 is my absolute favourite!
MauserBroom 2 years ago
2004. Had a chance to buy 2003 for $20 at my local coin shop. Now they don't have it. Feel stupid.
rytis1 2 years ago
Coins that are "legal tender" will eventually be accepted and bought by banks... not only sold (as some do now).
The others will not.
ThomasCanshine 2 years ago
Numismatic value is based on a combination of rarity and quality. Rare coins can be valuable regardless of quality and common coins can be valuable with unusually high quality. If you are talking coins minted specifically for silver not use in commerce, they would likely have little value beyond the silver for decades because they are produced in such large quantities.
reptarman7 2 years ago
Chinese Pandas and Britannias seem to do the best - And the Aussie lunar dragon goes for silly money on eBay :)
MauserBroom 2 years ago
how about silver vs coal, I haven't looked much into it but if anything is going to be better then silver it would have to be an energy source imo.
nathanblogs 2 years ago
Should I sell all my silver and pay off my home? LOL
Just kidding.
davincij15 2 years ago
check your PM - i expect a VID ASAP!
stellaconcepts 2 years ago
Check my precious metals? You want a video about what? Paying off the house or keeping metals.
davincij15 2 years ago
check your Private Messages from me....
stellaconcepts 2 years ago
I'm not sure but Oil is up 149% YTD I think but don't quote me as I read it from somewhere else.
davincij15 2 years ago
instead of going of the current price of silver, can we go off the "gold to silver ratio" in regards of when to buy silver bullion, instead of just looking at how much silver cost?
Daniyoyo 2 years ago
see my vid "when to sell your silver" - this is exactly what i said.
stellaconcepts 2 years ago
Hi John
Question
When the IMF change how the Banks can produce the books, currently from
A Mark -Market rule
To
A Mark to Model Rule
(in Jan 2010)
Would you agree this could lite the Mother of all Banking melt downs ?
Cheers
GuildF40 2 years ago
will answer as best as i can
stellaconcepts 2 years ago
I have faith in ya mate
RBS & HBOS Bank have just been caught taking a bail out BEFORE Oct 2008 and selling shares to llyods Bank lol.They are robbing each other in the UK (just on world news)
GuildF40 2 years ago
Comment removed
GuildF40 2 years ago
john you mentioned you will sell at ten to one ...Gold silver ratio...can you go into why that location!!!???
thanks
Sterlingold
sterlingold 2 years ago
i think i have in another vid - "when to sell your silver"
stellaconcepts 2 years ago
What's a good "Plan B" if chaos ensues, the internet goes down, and we have no access to data on the current "street value" of our G & S coins?
nameofthepen 2 years ago
Very unlikely EVERYTHING will go down at once, meaning you should be able to find the street value by some means. If however you cannot, charge what you think is fair when selling your coins based on last known market value.
Trazom24 2 years ago
Thanks, Trazom. That seems like really good common sense. :-)
nameofthepen 2 years ago
according to livecharts, natural gas is up about 50% - which is less than silver.
stellaconcepts 2 years ago
In general John, what do you believe would happen to Australia in the case of a collapse in terms of what VisionVictory, Gerald Celente warn about? I thought we might be in a better position than America but it seems we were worse affected than the United States during the Great Depression anyway. So could we be in a better position, in terms of recovery time, due to large reserves of natural resources, or does this count for nothing, as they are privately owned? Just curious.
travisisit 2 years ago
Actually Australia is in a far better position than we hear in the USA. In fact your currency is on the rise. If your government keeps to a sensible turn then they will distance themselves from the Dollar. Then you should be pretty stable. At this point if any country distances themselves from the dollar they will be shielded from the dollars collapse. India, China and others are already doing that.
Michael7893 2 years ago
"Should I sell my house to buy silver?"
I'll field it...
Yes.
=]
3dbeing 2 years ago 3
I have been buying silver for two years now, and could not be happier. Thanks so much for your videos. RATED *****
62636263c 2 years ago
Questions about Gold mining shares.
What is going to happen to stock market (particularly in Australia) when economic collapse happen?
Are they going to be opened? Are our brokerage firm will be opened? Are our money and shares in our stock broker's book entry safe?
Can the govt confiscate our shares holding or freeze our acc?
All of my gold shares are overseas mining companies (canada, mexico, etc...) and my stock broker is Commsec (it's a BANK!), so this got me worried!
chimpanchu 2 years ago
well there is a 10 min vid just there ;)
illl do my best
stellaconcepts 2 years ago
we have a new winner
Endeavour Silver Corp up 265% YTD, yowzaaa
solojam 2 years ago
there you go picking specific stocks...
are there any other asset classes apart from palladium that you can find - i havent really look - so far silver is #2 for 09.
stellaconcepts 2 years ago
hahaha im just pullin yer chain mate ;)
solojam 2 years ago
Do you still believe silver leasing is still going to unwind this year? Or maybe next year now?
Excidium567 2 years ago
good question - will answer in vid.
stellaconcepts 2 years ago
Palladium has doubled since mid-January this year. That over 100%.
kbdory 2 years ago
yea someone else brought that up in the comments. So far - thats the only leader to silver.
stellaconcepts 2 years ago
As a holder of physical silver, I'm glad to see it go up. I don't understand, however, why it does this see-saw thing almost every day while gold continues a slow, but sure climb. China? Buying slow, but surely? BTW, love the vids...
magbigblock 2 years ago
check first comment
solojam 2 years ago
Canadian Silver Maples or US Eagles or is there a difference?
Thanks for all your hard work
ThisIsDCOg 2 years ago
only in purity of silver... but Eagles are probably a tad better investment given that they are more well recognised... but either is fine!
stellaconcepts 2 years ago
Really? I thought both Maple Leafs and Eagles were exactly the same .999 fine 1 oz pieces.
Last time I compared though, they wanted a $5 surcharge for each Eagles and only a $4 surcharge for Maples, Possibly because I'm in the U.S.?
MzProgressive 2 years ago
na mapels are 9999 fine - eagles just 999
stellaconcepts 2 years ago
Cool Did NOT know that! I have an real affinity for the maple tree, and think the leaf is lovely - when you are comparing the ladies on both, Ms. Liberty is, sorry, more of a "looker."
MzProgressive 2 years ago
Personally, I stay away from government issued silver. I get 10 ounce and 50 ounce bars. Check out your jewelery stores... One will know (If there is no bullion places in the yellow pages)
l1xx3r 2 years ago
If you are Canadian it is better to buy maples as one can cash them in at any bank. Canadian banks only recognize Maples and JM bars . Otherwise if you have to liquidate silver in Canada you need to go to buillion dealers.coin shops or sell on Ebay. Downside of the maples is it gets irritating looking at the Queens face on the back.
sarahsgift1 2 years ago
You can sell your silver in any news paper, kijiji, craigs, buysell etc. etc.
creamrising 2 years ago
Q: Do you think it's better to buy silver bullion coins or silver bullion at the current silver price point?
Thank you for all the hard work you put in all you videos. You convinced me start to buy silver coins and bullion. 140 oz and counting!
Thanks, Stelmor
stelmorVH 2 years ago 2
good question - will answer in next vid
stellaconcepts 2 years ago
Why is silver in backwardation, and what does it mean? In your opinion, will silver go higher or lower next year?
SilverRose09 2 years ago
higher ;)
will answer the backwardation bit in next vid
stellaconcepts 2 years ago
When roughly do you see silver starting to spike/break out of the chart trends next year? Are you thinking sometime in the summer?
Thanks!
-Oh, and nice haircut. :-) Bout time!
AfterTheFox75 2 years ago
$21 by end of year. after that - I'll have to get back to you then...
stellaconcepts 2 years ago
Ha! That's some great news. I thought for sure we'd be in the smoker's lounge for the rest of the year. And here I was thinking of getting a bit more gold...time to switch gears again towards silver. :)
AfterTheFox75 2 years ago
great news ? :) wait till im right before calling it great news ;)
stellaconcepts 2 years ago
Um, yeah great news! -Like your predictions never come true, right? lol You are always right with your calls, that why you're the Silver King of YT. You didn't know this? Duh. :-)
AfterTheFox75 2 years ago
cool ;) didnt know i was always right... should tell my wife that!
stellaconcepts 2 years ago
Ah, yeah I got a simple solution to your problem. Just calmly present your wife with a highly complex chart, complete with all possible variables (with no labels of course), and present it to her saying something like:
"See dearest, I've run a complete diagnostic analysis of the situation, factoring all possible variables and probable outcomes, and it says that my way is the best of all possible outcomes." Yeah, that'd work. lol
AfterTheFox75 2 years ago 2
You must have pretty mixed feelings doing these vids sometimes, John. I say that because although G & S is up on the year in US $/ £/ Euro terms think it's down a bit in Ozzy $'s due to the strength of your currency over the last year. Do you sometimes wonder if you've made the right choices as a Australian?. Where do you see things going for you guys from here?.
ShillBasher 2 years ago
good question - will answer this one
stellaconcepts 2 years ago
Aus overvalued IMO..
SamuraiCommando 2 years ago
to sell now is to speculate the dollar will strengthen. this also speculates that wall street and assets will collapse. it is the opposite of the hyperinflation argument.
you simply MUST be prepared for both extremes...inflation or deflation..
GovWillKillU 2 years ago
...and is "laggy" really a word? just kidding:)
fal2grace 2 years ago
it is now ;)
stellaconcepts 2 years ago
Great to see you John! thanks
fal2grace 2 years ago 2
Q&A time...YAY!
Do you have any say about the recent Tungsten gold plated bars in Fort Knox?
What is China's involvement with this whole thing?
I tried to the full story on the internet but all I got is fragmented bit and pieces stories.
Bob Chapman and Kal Gronvall cover the story briefly, but there aren't that many news circling around on YouTube or on internet. Media censorship maybe?
chimpanchu 2 years ago
good question - will answer in next vid
stellaconcepts 2 years ago
check out willie on goldseek dotcom
he writes great articles anyway. also zero hedge had a few tidbits. of the 2 zerohedge is far ahaed of most -usually
1mealperday 2 years ago
aalso GATA on the web . has article re brinks trucks lining the street, New York. forced to remove their gold.
its getting more interesting day by day
aint life a great adventure
1mealperday 2 years ago
Im pretty sure this Tungsten Gold thing going on is complete BS. I mean really who has 400oz bars they dont have assayed on delivery? Its just scare mongers trying to depress the price and scare people away from gold.
TheronDragoon 2 years ago
I agree, 400oz bars dont travel to citizens very often. Not like you would ever take it anywhere and try to buy with it. show up with a 400oz bar in the back of a pickup truck to buy a house? lol
SamuraiCommando 2 years ago
I believe to the contrary. This news will scare investors off GLD and SLV, they will run to physical metals or mining shares.
This explains the gold price making new high almost daily. Mining shares also doing extremely well.
chimpanchu 2 years ago
mate chinese stock market almost up as much as silver YTD
solojam 2 years ago
almost :)
stellaconcepts 2 years ago
its a few % points behind!
solojam 2 years ago
behind is the fact ;)
im just teasing ;)
stellaconcepts 2 years ago
Lookin Young Man...
CodyWest88 2 years ago