Well, that's the big IF isn't it? Too many people still have faith in fiat currency and stocks. If that changes, then of course, the precious metals will benefit greatly. Let's hope.
I was talking to a financial adviser (don't ask) and he said I should sell my gold. He's still bullish on silver. He said the highest gold would go is $2k/oz. He said the govt would manipulate the price by flooding the market with more $. I say no way. That would mean people believe in the strength of the dollar. We're flooded w/QE1, QE2 and gold keeps going up. Who's right? Would love to know everyone's thoughts.
@tinfoilcap, it does not matter if you invest in gold, silver or iron ore for that matter, all commodities will rise against the dropping value of fiat. The rise of gold/silver rise is matching the continuous commodity Index (CCI) which can be seen by googling article "APRES NOUS LE DELUGE"
It seems that it is a good thing to hope and strive for something. A handful of us have chosen Silver and a few others Gold,and others of course both. Most of those decisions are, by virtue of how our superiors have decided that printing, printing, printing dollar bills, is the way to succed this country, and spending at a great pace is alledgedly keeping us stable. My question is this.. What do they know that we don't know that could blow our concepts out into left field..?? any Ideas..?
I use the old measure of 1oz of Silver use to be a days labour......so here in Australia Silver at fair value should be about $200oz........and that does not factor in all the other arguments of manipulation, rarity etc..........i reckon she is about 10 times undervalued and then some........
I talked to an elderly woman and told her to get her daughter to help her sell her silver coins. She had a dozen silver dollars and some junk silver.She needed the money but did not understand how valuable each coin was.
A dealer in an interview said he already had a lot of elderly knowledgeable men sell their silver because their relatives wouldn't know what to do with an inheritance of a silver collection. I think JP Morgan will get blown out of their shorts before we reach $50 an ounce.
Love sgtbull07 videos ... Watched them all!! Silver surfing all the way to the top.... And as of this weekend I know my local coin shops r getting short ordered on coins! Times running out buy into physical now!! Don't be bullheaded and think u can wait for a dip... With these undervalued prices, " get in sit down and shut up"
word on the street is up $37, then back to $31. I dont think it fall that far - maybe $33. If it does, that will be a good time to buy, as it will take off from there. I belive that silver will again have a huge late summer, early fall surge, and it will be $40+ from then on...
For those of us who do not have to the time or the expertise to pick mining stocks--especially ones likely to do well in the long run, are there mining funds out there?
YEAH But Apple and Google aren't price manipulated by Bernanke, Fed Reserve, HSBC, and JP Morgan, so until they can be defeated they will continue to manipulate and control the ascent of silver, because they keep using tax payer money to short silver. Bernanke is a financial criminal.
@solojam Keeping it simple is actually conservative. With time the supply will go down, demand up. As this trend progresses, the price action does not stay linear. Try buying anything which is rationed, delayed, or out of stock until further notice. It will be exciting to watch, I would definately not be on the short side.
For the Sprott fund I am a bit sceptical since I heard that they store their silver in the Canadian Mint. That looks to me like a perfect place to confiscate their silver.
@DaSilverBoy Hey thanks DSB, I try to only do the micro-doc when I get really inspired by a topic - in this case, nearly a 3/4 of a TRILLION DOLLARS in market cap between just a few Wall Street darlings... some of which will son be chasing silver and gold.
New IRS 1099 will causes panic buying in gold and silver bullion
On Jan1,2012, all gold and silver bullion purchases over $599 must be reported to the IRS via a 1099 form. This has caused many concerns for people who seek privacy when buying their bullion. That means 2011 will be the last chance to buy bullion, in large quantities, without having to file the 1099. Look for panic buying in the bullion market all year,with a big push later in 2011
@germans1 That is part of the Obama bill that has been found illegal and must be heard by a higher court. If the higher court agrees it can be heard by the Supreme court but is illegal at this time. It has only 2 more courts it can be heard by the full state court and the Supreme Court.
You know what happens if people have to report the sales of their gold and silver?
They stop selling their gold and silver. I think the government just realized that. Actually, if they want silver and gold to return into the system, they need to drop the taxes on the sales to 0.
SGT...you need to get a twitter account. You can reach a ton of people. James Turk, David Morgan, and everyone else we look to is on there too. The freedom movement is gaining momentum and we can't be stopped! Buy Silver, Crash JP Morgan! I like titties ( . Y . )
@SGTbull07 I see you're on Twitter now. I like it better than Facebook because you can get news in real-time without all the other garbage. You should create a list for specific users. For example, I have you, David Morgan (silverguru22), APMEX, SilverIsTheNew, Robert Kyosaki, Max Keiser, Bill Haynes, and many others in a list called "Precious Metals Gurus." This allows me to separate all their tweets from the 300 other people I get tweets from. That way you sort out what you don't want.
Pardon me, but you said if just $5B from Apple, Google, JP Morgan, and SLV move into the silver market, you'd get $20B worth of a move into silver and increase its price. Isn't SLV already in the silver market? Wouldn't selling $5B in SLV drive the spot price of silver down and cancel out that one of the four?
@jokertim777 nope, SLV is a paper tiger, it's controlled by and was created by the criminal syndicate known as JP Morgan, which happens to be an agent of the FED and also happens to hold the largest short position (in silver) in the history of commodities.
Yes, I realize that, but are you saying that if all of the SLV holdings were sold tomorrow, it would have no effect on the spot price of silver? Please explain to me how $9B in SLV holdings would not lower the spot price of silver? And, if that's the case, how can any amount of paper held by JP Morgan be holding the spot price below where it should be? There seems to be a contradiction there. Either paper can influence the spot price, or it can't, which is it?
@jokertim777 well, feel free to substitute PCLN or BIDU for SLV. But my supposition for including SLV is that sooner or later, the people in that fraud riddled paper joke WILL wake up and will need to obtain real physical, be it through PSLV or actual silver coins. Until now, SLV has been used as an escape valve to suppress the price of silver... given it's current discount to NAV vs PSLV's 20% premium to NAV, things are finally changing. But if it bugs you, just swap SLV for Goldman Sachs.
What is the deal with SLV? I realize there is more paper than physical underlying it, but do they simply print more shares without buying physical? I heard recently that they bought a bunch more, but did it so quickly relative to the time it took Eric Sprott to get his that some are questioning whether SLV actually got physical to support the new shares. I also realize that the discount to spot for SLV relative to the PSLV premium is very telling!
This doesn't even count all the people that buy old hoarded silver from private owners. Many buy that way to avoid sales tax and up charges by the dealers.So that isn't even counted.
Great video as usual . Had another family member move from the stock market to gold and silver. A heart felt thank you for always inspiring me to confidently share what I think is critical information.
But even if/when silver goes to $175 or $500 or $100,000 it's won't be because silver is so much more valuable, it's because the dollar is less valuable. At $35 you can buy about ten gallons of gasoline for 1 oz. At $1000, how much gasoline do yo think you'll be able to buy for 1 oz? About 10 gallons. It's a fact that at some point one oz of silver will be worth more than all the US paper/electronic dollars ever created since they will be completely worthless.
@KasiJonz That isn't really true in 1964 1 oz was $1.29 and could buy a little over 4 gallons of gas. Now as you have stated it is $35 oz and you can buy 10 gallons so in fact it has actually gained value not just increase due to inflation.
@KasiJonz people tend to discount the 100 to 1 paper fraud. Physical silver is already scarce. What do you think will happen to the physical silver price when 99 out of every 100 people who think they own some silver (SLV, etc), find out they actually only own bogus paper?
For those that do not trust the "spot price" of silver or gold (since we all know it is manipulated using paper futures trading) and want to know what prices physical metal is selling at, I suggest going to 24hgold (dot) com. They compile data from Ebay bullion sales and calculate an implied physical price. As of the date of this post, silver eagles are going for $44, and maple leafs are going for $40. So, the "real" price of silver is actually higher than the spot price shown on say, Kitco.
I have a question for SGTbull07: Say, I made $140/oz of silver when silver has gone up to $175, and decided to cash in, say, 1000 ounce. My capital gains (which is higher for bullions than stock ) and my AGI will be pushed up to 25 - 28%. That means even when silver is up to say $175/oz,I only get about $95/oz (a little more than half) after tax. Is that correct? If so, I think people should buy more food and necessities, or even silver and gold stock (lower capital gain tax).
@limey36 If you buy and sell American Eagles minted by the US Government, they are tax free since they are currency.....Contact APMEX if you don't believe me. The issue 1099s on foreign coins since they are considered collectiables.
@CrooksWithoutBorders Thanks for the reply. But I think it will only work if you purchase AE in IRAs. Another way of dodging the tax might be using the face value of the coin for transaction, which might also work when hyperinflation kicks in and no one wants paper, or if States like Utah succeeded in using the gold standard. I asked Peter Schiff on his radio show yesterday and he said bullions are collectibles. He advised mining stock to mitigate the cost.
@steelhorses2004 There is NOT enough physical silver to meet demand and that's PRECISELY what will cause the price to shoot far higher; too many dollars chasing a very finite amount of precious metal.
@SGTbull07 Some of us know that when the price starts to go up a lot, no one will sell what silver they have and hold out for the big triple digit price. So how will people that want to buy......buy anything if those that hold the product won't sell until the price reaches the forcasted 175 to 500. dollars?
@TheMegatron333 I wouldn't sell mine either but most people are not thinking in terms of hyper-inflation. As the prices rise silver will come out of the woodwork. On the other hand new demand will come to bare in the form of novice speculators and jewelry as the prices go above the old record of $50. Like you mine is not for sale.
SGT, greetings from Eatern Europe again. Quick update,it now takes 4-6 weeks to receive Philis from the Austrian mint and I live only a 1,5 hour drive from Vienna. Current price $42+Vat (20-25% depending where you get it) Black market, you can get it for $45 per piece.Takes a week or two to find somebody foolish enough to sell.
Would $175 oz be an adjusted price of all available silver if 20 billion dollars were to chase after what was available? Would this take into account all the silver that would suddenly appear at $50 at $75 at $100? You see how this gets more complicated as the price rises exponentially. About half of all older people (65-80) I know own some silver that has been "forgotten about". I bet at $100oz this silver would start to flood the market. I'll melt the silverware at $75. Food for thought
@tgpdlp1 Yeah, it gets a bit complicated, thus my "super simple case". I just wanted to illustrate for folks how volatile this tiny silver market will be - just $20 billion will change everything, forever.
Good points. Those of us that remember the '79-80 PM pricing will remember that with this latest rush to gather PM, things will be melted and those remaining things more valuable. An old German jeweler told me that back in the 1980 period he actually bought a 55 gal drum of pocket watch works that were discarded after the cases were melted for scrap. This time will be no different. Things of collector value will undergo the same melt as before so maybe collections will be the winner.
When prices skyrocketed around 1980, a lot of silverware was sold. I'm sure there is a lot left, but this isn't the first time grandma clammered up into the attic to make money selling family heirlooms. Another interesting point is that as prices rise, there will be more mining companies getting it out of the ground, but that will only speed up the time until it becomes nearly extinct.
That's true. Also, as the price rises higher and higher, one could argue there would be more and more reluctant demand - especially the investor side, since the industrial purposes are small enough that it wouldn't be as big a deal. However, clearly there is a finite supply that is diminishing quickly with growing demand, and we may be suffering from a currency crisis soon, both of which bode for MUCH higher silver prices as the average joe becomes increasingly aware.
@tgpdlp1 Interesting my grand mother brought silver coin to the silversmith to be melted down to make the silverware. So you would melt it to sell it, that’s the other way. By the way the silverware cost a bit more then just the coin that was melted.
You know it is illegal to melt nickels today but was not illegal to melt silver coin. That’s interesting also. I tell you how you do the nickels, you bring them into Mexico sell them as metal.
@SidneyBou I wouldn't melt the silverware or sell my silver for fed reserve notes. I was just making the point that most people would unload as the price goes up. Interesting that people brought the silver to the silversmith back then. I also heard that at one time you could bring silver to the U.S. mint and they would make it into coins free of charge.
@SidneyBou It's illegal to take more than 5$ worth of nickles out of the country . Also the material to make a nickle will soon be changed to a lower priced material.. the cost to make a nickle is over .09..hord your nickles.. they will be the next junk copper...like the junk silver of today... No risk a roll will always be worth at least 2$ .. hyper inflaton hits .. who knows
There is a problem with the calculation here. The assumption is that all you need to do is a linear calculation to determine prices. The truth may be that it might have taken a 4.00$ price change to free up $500 million dollars worth of silver. But to extrapolate that out linearly would be incorrect. The truth is that maybe only a 10 dollar move would free up 20 billion dollars of silver. You just dont know what price people are willing to sell their silver at. This is a question of pyschology.
Good job SGT, Silver is a no brained investment and Shawn is giving all of you very good information. Get in the car and clean out the coin shops Today!
On Bix Weir's website roadtoroota, look for the article Melt The Witch.
It's basically the ultimate bullish case for silver. In the article you will see he also makes a very convincing argument for $100,000 silver if the right scenarios play out (which he believes they will)
I don't believe owning mining stocks, long term, is a good idea, because they are paper assets, (too much counter-party or gov't theft risk). Short term, play them the same as ETFs, but unless your inside info is iron-clad and your timing is flawless, you will be lucky to get out of the mining stocks before the crash and the paper becomes worthless, which will come without warning. Keep stacking physical silver, hide it well, and don't tell anyone about it who you wouldn't trust with your life.
SGT. I think all of us who are in are happy we are especially given the current trend.But you are the silver icing on this cake you suppress any wavering or insecurity with your high caliber interviews with some knowegable heavy hitters as guests. U ROCK!!!!!
Sometimes, whatever comes from my typing, comes out opposite from what I am really asking or stating... but here I go throwing out all caution to the wind. I do understand it when folks reject my sincerity about taking a stand on "Silver" and making an investment , however large or small, the owning of physical Silver. Oblivious and unconcerned are they ,I am sure. But larger than life companies with huge amounts of spendable cash, Why have they not bought what is left? or taken up the mantle?
@OLDERBLUE it's a good question blue. But the answer lies in the monster profits they are currently making, & like 98% of the rest of the peopulation, many at the highest levels don't know the first thing about the FED or QE, etc. I know this first hand b/c I used to work with the top dogs at a Fortune 50 corporation and I was on a first name basis with some of the VP's, Senior VP's and CEO. Many of them are lost in their own career bubble day to day and have no clue about these issues.
@SGTbull07 Alot of people are unaware of fractional reserve banking and the value of paper money vs. virtually anything tangible, like a box of matches, a chair, long term storage food...etc. Heck, at this point the real value of paper money is so worthless we'll all see it as 2 ply in the not to far future. I had to explain alot to my father numerous times, but the seed of knowledge has been planted and with time the fruits of labor are well worth it. Patience is key! Be well SGTbull07
I really have no argument with any of this. I have been involved with silver since the upper $4 level. My only fear is that this is what Wall Street does best, manipulates genuine shortages to catch the retail investor at the top of the cycle. Of course if the top is $150 silver than we are a long ways away or, if doomsday scenarios play out, maybe multiples of the $150. So if the worst comes into play, won't silver be the least of our worries, those worries being food and defensive power?
@joesphx19 yes. true that... food, energy, life... but we will be in far, far better shape than those w/o any silver, right? have a great weekend joe.
@joesphx19 well stated. I'd rather buy some necessary supplies and sell of what little silver I have than end up in a situation where no one would be willing to trade supplies for pieces of metal. I'm waiting until it goes up a bit more, and if I don't have some money to buy the necessities by then, going to sell off some silver (still need a handgun for the family).
@SGTbull07 This chop seconds that as well, SGT. :) Thanks for the great micro-doc. I'm trying to get a buddy involved in this. I just sent it off. Keep it up, brother!!! :)
This is the best video you have made because you didn't just shout "BUY SILVER!", you provided the empirical logic for why we must "BUY SILVER!". Thank you for your hard work.
@TheChiefSteel Chief those are all pre-1967 Canadian half dollars, they are small but quite beautifully designed, and worth $10.70 each in melt value.
Even sheep understand when you tell them that a pre-1964 silver quarter is worth $6.25 in Bernanke Bucks. At $175 that would be a 500% increase to $32.25.
Another GREAT video! I just wish it didn't take 6 to 8 weeks to get delivery! I know you shop locally, but for me, well, I guess I'll just say I am gonna have to wait the 6 to 8 weeks, unless someone knows a quicker way?
Anyway...Chemtrails in the DC area were out of control on 3 and 4 March! I mean horizon to horizon, all day, blatant in your face, here they are spraying! Funny thing is the USA Today Geo Engineering story that coincided with the spraying....almost like SO? What ya Gonna do?
@SGTbull07 I have been using Midas and my buddy used Kitco with the same thing...they'll say 4-6 weeks, but turns out to be more like 7 or 8. Maybe as you have noted in some of your videos it's tough to get their hands on the silver in the first place, so it's taking longer than normal. I'll give those others a try! Thanks!
@lantsurfer I've ordered from Kitco several times, the last time being about 2 months ago. Never had to wait more than 4 weeks or so and that includes the three weeks it takes for the check to clear. If you wire the money it would be much faster. I'm not affiliated with Kitco, just a satisfied customer.
@KasiJonz I like Kitco as well and think they are a solid choice, but find prices are a little lower at Gainsville coins. The shipping charges are lower, they ship more quickly and they take credit cards. Not affiliated with them, just sharing.
@lantsurfer Always remember. If you are waiting on delivery you used your credit card. If you used your credit card Obama knows what you bought. New financial bill. ALL transactions go to White House
Did you read on Harvey Organ yesterday about Blythe offering a cash payout of spot + 80% premium for payout of contracts rather than providing delivery because JPM says they can't deliver 20M ozs?
@73cupcake YES 73c!! it is all falling apart for Blythe and her criminal syndicate. The only down side is that WE are all running out of time to get more physical affordably.
this is undeniable info. thank you SGTbull07 for sharing this information. i watch all of your videos and every video you made is informative and helpful, thank you for your contribution to the youtube community. keep up the good work
@SGTbull07 I have relegated my fiat for mercury dimes until the pinata breaks. I'm working on a third roll of junk mercurys.Also I picked up two 1955-D quarters one unc and one junk. Last year I was able to spend between $400 and $600 a month on metal this year for some reason it's been around $300 a month. I am really starting to ponder how much of this stuff I really need to get. It seems the like the bulls are out of the barn. Do we need much more than our own weight in Ag?
@SGTbull07 In other words keep stacking. I almost lost the siege mentality for a moment there. At the very least if JP Morgan is down then I am metaphorically speaking stepping on their pinky finger. I will pretend that I am morbidly rotund then.
There are morons who still "believe" silver will never reach even a $100oz. I cannot see how it NOT possible to reach that and beyond when you factor in all the criminality. If it never reaches ~$100, it is solely because of this criminality.
@biped19 I completely agree, it's quantifiable, hard numbers. I think now that the Asian world knows this, it will get there. JP Morgan can't stop it, they can only hope to contain it.
@metallicaregein yes - good point, and again I should add , this is my "near term" (2-3 years) guesstimate. I think 'the Curious Case for $936 Ounce Silver' is still 100% valid.
SGT, spot on old boy. I believe when all of those who are not in silver now wake up and see the trend, that more and more people will be coming into the market and it will act like a ram jet:The faster you go, the faster you can go. After some very cautious years and much noodling, I believe silver will go exponential. Once the population learns of the lack of actual metal, I cannot fathom anything else.
If there are supply concerns when Sprott procured his metal, what kind of supply numbers will befall us when those US equity dividend yields change up?
SGT, you might have to include a coefficient in your equation!
Thanks, Of the $600-$1,000 Trillion Dollars in derivatives globally and that's a T as in Trillions what percentage would have to be converted to silver to bring the price to $1,000. per troy oz.?
When silver will be going for $ 175 what will be the price of gold????
celeriacmarcus 7 months ago
@celeriacmarcus More importantly then that, is what will the price of bread and gas be???
kcrone1 4 months ago
Current silver price at thepriceofsilvertoday . com
ElissaMondy 8 months ago 10
28000 watch this video----- 200 000000 watch some Gaga video ---- I wonder whose going to be better off in 10 years time?
bigrobnz 8 months ago 3
sell all ur silver now before it crashes back down to 15
stangGTKKK187 9 months ago
@stangGTKKK187 fail move along
juicejon1 5 months ago in playlist CRASH JP MORGAN, BUY PHYSICAL SILVER
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goldy1011 10 months ago
Well, that's the big IF isn't it? Too many people still have faith in fiat currency and stocks. If that changes, then of course, the precious metals will benefit greatly. Let's hope.
numag1 10 months ago
I'm a silver bug but ur analysis is simply naive and incorrect
lowongbug 11 months ago
Sgt. I love all your videos! What is the backround music on this one? THANK YOU FOR WHAT YOU'RE DOING!!!!!!!!!!
4everhdt 11 months ago
@4everhdt Thank you! BTW, the song information is in the info section.
SGTbull07 11 months ago
I was talking to a financial adviser (don't ask) and he said I should sell my gold. He's still bullish on silver. He said the highest gold would go is $2k/oz. He said the govt would manipulate the price by flooding the market with more $. I say no way. That would mean people believe in the strength of the dollar. We're flooded w/QE1, QE2 and gold keeps going up. Who's right? Would love to know everyone's thoughts.
tinfoilcap 11 months ago
@tinfoilcap, it does not matter if you invest in gold, silver or iron ore for that matter, all commodities will rise against the dropping value of fiat. The rise of gold/silver rise is matching the continuous commodity Index (CCI) which can be seen by googling article "APRES NOUS LE DELUGE"
0urGaia 11 months ago
@tinfoilcap My financial advisor told me to sell my gold at $600.
fuzzywzhe 10 months ago
People shouldn't sell any of there silver to back to the companies because silver hasn't reached it's potential.
hstone39 11 months ago
Utah is about to make gold and silver US minted coins legal tender in the state with NO captial gains tax on it.!!!!!!!! Oh yeah!!!!!!
GenesisChiropractic 11 months ago
It seems that it is a good thing to hope and strive for something. A handful of us have chosen Silver and a few others Gold,and others of course both. Most of those decisions are, by virtue of how our superiors have decided that printing, printing, printing dollar bills, is the way to succed this country, and spending at a great pace is alledgedly keeping us stable. My question is this.. What do they know that we don't know that could blow our concepts out into left field..?? any Ideas..?
OLDERBLUE 11 months ago
I use the old measure of 1oz of Silver use to be a days labour......so here in Australia Silver at fair value should be about $200oz........and that does not factor in all the other arguments of manipulation, rarity etc..........i reckon she is about 10 times undervalued and then some........
dojufitz 11 months ago
I talked to an elderly woman and told her to get her daughter to help her sell her silver coins. She had a dozen silver dollars and some junk silver.She needed the money but did not understand how valuable each coin was.
A dealer in an interview said he already had a lot of elderly knowledgeable men sell their silver because their relatives wouldn't know what to do with an inheritance of a silver collection. I think JP Morgan will get blown out of their shorts before we reach $50 an ounce.
Horse237 11 months ago
Love sgtbull07 videos ... Watched them all!! Silver surfing all the way to the top.... And as of this weekend I know my local coin shops r getting short ordered on coins! Times running out buy into physical now!! Don't be bullheaded and think u can wait for a dip... With these undervalued prices, " get in sit down and shut up"
TheMilsimman 11 months ago
word on the street is up $37, then back to $31. I dont think it fall that far - maybe $33. If it does, that will be a good time to buy, as it will take off from there. I belive that silver will again have a huge late summer, early fall surge, and it will be $40+ from then on...
hedge313 11 months ago
For those of us who do not have to the time or the expertise to pick mining stocks--especially ones likely to do well in the long run, are there mining funds out there?
inibo 11 months ago
@inibo SIL and maybe GDXJ
zmelli 11 months ago
another great vid !
quadcatfly 11 months ago
YEAH But Apple and Google aren't price manipulated by Bernanke, Fed Reserve, HSBC, and JP Morgan, so until they can be defeated they will continue to manipulate and control the ascent of silver, because they keep using tax payer money to short silver. Bernanke is a financial criminal.
trangenusa 11 months ago
sorry but when he says it moves it $4 at what price was silver at, you have to use the % move not the dollar move
i like your idea tho,
solojam 11 months ago
@solojam Keeping it simple is actually conservative. With time the supply will go down, demand up. As this trend progresses, the price action does not stay linear. Try buying anything which is rationed, delayed, or out of stock until further notice. It will be exciting to watch, I would definately not be on the short side.
puapake 11 months ago
Thanks for another interesting calculation.
For the Sprott fund I am a bit sceptical since I heard that they store their silver in the Canadian Mint. That looks to me like a perfect place to confiscate their silver.
mengenzz 11 months ago
@DaSilverBoy Hey thanks DSB, I try to only do the micro-doc when I get really inspired by a topic - in this case, nearly a 3/4 of a TRILLION DOLLARS in market cap between just a few Wall Street darlings... some of which will son be chasing silver and gold.
SGTbull07 11 months ago
@SGTbull07 Hi SGT did you know about this.
New IRS 1099 will causes panic buying in gold and silver bullion
On Jan1,2012, all gold and silver bullion purchases over $599 must be reported to the IRS via a 1099 form. This has caused many concerns for people who seek privacy when buying their bullion. That means 2011 will be the last chance to buy bullion, in large quantities, without having to file the 1099. Look for panic buying in the bullion market all year,with a big push later in 2011
germans1 11 months ago
@germans1 That is part of the Obama bill that has been found illegal and must be heard by a higher court. If the higher court agrees it can be heard by the Supreme court but is illegal at this time. It has only 2 more courts it can be heard by the full state court and the Supreme Court.
SidneyBou 11 months ago
@SidneyBou Thanks for the update.
germans1 11 months ago
@germans1 it was over-turned by the Republicans.
You know what happens if people have to report the sales of their gold and silver?
They stop selling their gold and silver. I think the government just realized that. Actually, if they want silver and gold to return into the system, they need to drop the taxes on the sales to 0.
fuzzywzhe 10 months ago
@DylanRWirtz indeed DW - this is just the case for the 'near term' price of silver (2-3 years)
SGTbull07 11 months ago
ride that buLL ~~ gOOd stuFF. 16/1 we might hit a bump, but i think 50 is our next big hump.
survivalwstyle 11 months ago
Now that's super simple!
achalmers 11 months ago
SGT...you need to get a twitter account. You can reach a ton of people. James Turk, David Morgan, and everyone else we look to is on there too. The freedom movement is gaining momentum and we can't be stopped! Buy Silver, Crash JP Morgan! I like titties ( . Y . )
achalmers 11 months ago
@achalmers I just started one the other day SGTbull07 but I don't really know how to use it! lol. Please do tell, I need to get up to speed!
SGTbull07 11 months ago
@SGTbull07 I see you're on Twitter now. I like it better than Facebook because you can get news in real-time without all the other garbage. You should create a list for specific users. For example, I have you, David Morgan (silverguru22), APMEX, SilverIsTheNew, Robert Kyosaki, Max Keiser, Bill Haynes, and many others in a list called "Precious Metals Gurus." This allows me to separate all their tweets from the 300 other people I get tweets from. That way you sort out what you don't want.
achalmers 11 months ago
Pardon me, but you said if just $5B from Apple, Google, JP Morgan, and SLV move into the silver market, you'd get $20B worth of a move into silver and increase its price. Isn't SLV already in the silver market? Wouldn't selling $5B in SLV drive the spot price of silver down and cancel out that one of the four?
jokertim777 11 months ago
@jokertim777 nope, SLV is a paper tiger, it's controlled by and was created by the criminal syndicate known as JP Morgan, which happens to be an agent of the FED and also happens to hold the largest short position (in silver) in the history of commodities.
SGTbull07 11 months ago
@SGTbull07,
Yes, I realize that, but are you saying that if all of the SLV holdings were sold tomorrow, it would have no effect on the spot price of silver? Please explain to me how $9B in SLV holdings would not lower the spot price of silver? And, if that's the case, how can any amount of paper held by JP Morgan be holding the spot price below where it should be? There seems to be a contradiction there. Either paper can influence the spot price, or it can't, which is it?
jokertim777 11 months ago
@jokertim777 well, feel free to substitute PCLN or BIDU for SLV. But my supposition for including SLV is that sooner or later, the people in that fraud riddled paper joke WILL wake up and will need to obtain real physical, be it through PSLV or actual silver coins. Until now, SLV has been used as an escape valve to suppress the price of silver... given it's current discount to NAV vs PSLV's 20% premium to NAV, things are finally changing. But if it bugs you, just swap SLV for Goldman Sachs.
SGTbull07 11 months ago
@SGTbull07
What is the deal with SLV? I realize there is more paper than physical underlying it, but do they simply print more shares without buying physical? I heard recently that they bought a bunch more, but did it so quickly relative to the time it took Eric Sprott to get his that some are questioning whether SLV actually got physical to support the new shares. I also realize that the discount to spot for SLV relative to the PSLV premium is very telling!
dmger14 11 months ago
@SGTbull07,
Thanks for your clarification on this topic. I appreciate your response. Keep up the good work.
jokertim777 11 months ago
This doesn't even count all the people that buy old hoarded silver from private owners. Many buy that way to avoid sales tax and up charges by the dealers.So that isn't even counted.
Uwiluz60 11 months ago
I heard $57k/oz silver the other day. I feel like this is becoming Iraqi Dinar, the sequel....
gtiapr3 11 months ago
Interesting video. You also have to take into account the 'weak hands' that would sell into such a rally.
JP5466 11 months ago
PS Did you hear that Carlos Slim was looking to get into Silver???
I think by getting into mining, but his kind of funnel could do the job right there.
And is the rumour that the US mint is limiting its supply of Silver Eagles?
(not the silly "we have stopped 201o SE production" one?)
felixdov 11 months ago
lest the function be logarithmic ...
a10fjet 11 months ago
OK I have done me maths and it is not enough! I need more!
To achieve my target of 500 t oz = a nice 3 bed house:- I need about $300 per troy ounce....Cummon! 0)
felixdov 11 months ago
Wow! I had to watch that twice back to back...That is on par with endless mountains stunning work this week.
It is really kicking off- at $145 it might even be a life changer...he says reaching for a scruffy old envelope...
Yes sir! SGT sir! Thank you sir...;0)
felixdov 11 months ago
Great video as usual . Had another family member move from the stock market to gold and silver. A heart felt thank you for always inspiring me to confidently share what I think is critical information.
taranoreable 11 months ago
@taranoreable Thanks for doing it, it's hard to get people to listen, most folks don't want to hear it.
SGTbull07 11 months ago
...and also add up "inflation adjusted" to today dollar should be well above $175, as we know it. Thanks again for the great info vid.
Pum618 11 months ago
give me the good mining stock!
Donninator1 11 months ago
@Donninator1 I love NGD, GPL, CDE, the silver double long etf AGQ and EXK to name but a few.
SGTbull07 11 months ago
As always very informative SGT..
baza1701 11 months ago
Just added this to my blog, should see a surge of views!
MrSilvergoldsilver 11 months ago
@MrSilvergoldsilver Thanks much MrSGS, just subbed your channel, good Scotia Vault interview there btw! (sounds like Lenny).
SGTbull07 11 months ago
But even if/when silver goes to $175 or $500 or $100,000 it's won't be because silver is so much more valuable, it's because the dollar is less valuable. At $35 you can buy about ten gallons of gasoline for 1 oz. At $1000, how much gasoline do yo think you'll be able to buy for 1 oz? About 10 gallons. It's a fact that at some point one oz of silver will be worth more than all the US paper/electronic dollars ever created since they will be completely worthless.
KasiJonz 11 months ago
@KasiJonz That isn't really true in 1964 1 oz was $1.29 and could buy a little over 4 gallons of gas. Now as you have stated it is $35 oz and you can buy 10 gallons so in fact it has actually gained value not just increase due to inflation.
jdiar7 11 months ago
@KasiJonz people tend to discount the 100 to 1 paper fraud. Physical silver is already scarce. What do you think will happen to the physical silver price when 99 out of every 100 people who think they own some silver (SLV, etc), find out they actually only own bogus paper?
SGTbull07 11 months ago
For those that do not trust the "spot price" of silver or gold (since we all know it is manipulated using paper futures trading) and want to know what prices physical metal is selling at, I suggest going to 24hgold (dot) com. They compile data from Ebay bullion sales and calculate an implied physical price. As of the date of this post, silver eagles are going for $44, and maple leafs are going for $40. So, the "real" price of silver is actually higher than the spot price shown on say, Kitco.
circuitdesign 11 months ago
@circuitdesign Thanks for the info...good site.
taranoreable 11 months ago
Nice to see a good word about Mining Stocks at the end.
alycephoto 11 months ago
I have a question for SGTbull07: Say, I made $140/oz of silver when silver has gone up to $175, and decided to cash in, say, 1000 ounce. My capital gains (which is higher for bullions than stock ) and my AGI will be pushed up to 25 - 28%. That means even when silver is up to say $175/oz,I only get about $95/oz (a little more than half) after tax. Is that correct? If so, I think people should buy more food and necessities, or even silver and gold stock (lower capital gain tax).
limey36 11 months ago
@limey36 If you buy and sell American Eagles minted by the US Government, they are tax free since they are currency.....Contact APMEX if you don't believe me. The issue 1099s on foreign coins since they are considered collectiables.
CrooksWithoutBorders 11 months ago
@CrooksWithoutBorders Thanks for the reply. But I think it will only work if you purchase AE in IRAs. Another way of dodging the tax might be using the face value of the coin for transaction, which might also work when hyperinflation kicks in and no one wants paper, or if States like Utah succeeded in using the gold standard. I asked Peter Schiff on his radio show yesterday and he said bullions are collectibles. He advised mining stock to mitigate the cost.
limey36 11 months ago
Is there enough physical silver available for purchase to drive the price that high?
steelhorses2004 11 months ago
@steelhorses2004 There is NOT enough physical silver to meet demand and that's PRECISELY what will cause the price to shoot far higher; too many dollars chasing a very finite amount of precious metal.
SGTbull07 11 months ago 9
@SGTbull07 Some of us know that when the price starts to go up a lot, no one will sell what silver they have and hold out for the big triple digit price. So how will people that want to buy......buy anything if those that hold the product won't sell until the price reaches the forcasted 175 to 500. dollars?
azmike1 11 months ago
SGT, great video as usual. thanks
SilverToMoon 11 months ago
@TheMegatron333 I wouldn't sell mine either but most people are not thinking in terms of hyper-inflation. As the prices rise silver will come out of the woodwork. On the other hand new demand will come to bare in the form of novice speculators and jewelry as the prices go above the old record of $50. Like you mine is not for sale.
tgpdlp1 11 months ago
Has everyone noticed how hard it is to buy silver? It's getting Scarce because people are holding!!
notpcone 11 months ago
SGT, greetings from Eatern Europe again. Quick update,it now takes 4-6 weeks to receive Philis from the Austrian mint and I live only a 1,5 hour drive from Vienna. Current price $42+Vat (20-25% depending where you get it) Black market, you can get it for $45 per piece.Takes a week or two to find somebody foolish enough to sell.
bokiss8124 11 months ago
@bokiss8124 i get mine in germany, takes a week
colinjockgraham 11 months ago
I would hate to be someone shorting silver right now :)
dogbarker1981 11 months ago
Would $175 oz be an adjusted price of all available silver if 20 billion dollars were to chase after what was available? Would this take into account all the silver that would suddenly appear at $50 at $75 at $100? You see how this gets more complicated as the price rises exponentially. About half of all older people (65-80) I know own some silver that has been "forgotten about". I bet at $100oz this silver would start to flood the market. I'll melt the silverware at $75. Food for thought
tgpdlp1 11 months ago
@tgpdlp1 Yeah, it gets a bit complicated, thus my "super simple case". I just wanted to illustrate for folks how volatile this tiny silver market will be - just $20 billion will change everything, forever.
SGTbull07 11 months ago
@tgpdlp1
Good points. Those of us that remember the '79-80 PM pricing will remember that with this latest rush to gather PM, things will be melted and those remaining things more valuable. An old German jeweler told me that back in the 1980 period he actually bought a 55 gal drum of pocket watch works that were discarded after the cases were melted for scrap. This time will be no different. Things of collector value will undergo the same melt as before so maybe collections will be the winner.
joesphx19 11 months ago
@joesphx19
When prices skyrocketed around 1980, a lot of silverware was sold. I'm sure there is a lot left, but this isn't the first time grandma clammered up into the attic to make money selling family heirlooms. Another interesting point is that as prices rise, there will be more mining companies getting it out of the ground, but that will only speed up the time until it becomes nearly extinct.
dmger14 11 months ago
@tgpdlp1
That's true. Also, as the price rises higher and higher, one could argue there would be more and more reluctant demand - especially the investor side, since the industrial purposes are small enough that it wouldn't be as big a deal. However, clearly there is a finite supply that is diminishing quickly with growing demand, and we may be suffering from a currency crisis soon, both of which bode for MUCH higher silver prices as the average joe becomes increasingly aware.
dmger14 11 months ago
@tgpdlp1 Interesting my grand mother brought silver coin to the silversmith to be melted down to make the silverware. So you would melt it to sell it, that’s the other way. By the way the silverware cost a bit more then just the coin that was melted.
You know it is illegal to melt nickels today but was not illegal to melt silver coin. That’s interesting also. I tell you how you do the nickels, you bring them into Mexico sell them as metal.
SidneyBou 11 months ago
@SidneyBou I wouldn't melt the silverware or sell my silver for fed reserve notes. I was just making the point that most people would unload as the price goes up. Interesting that people brought the silver to the silversmith back then. I also heard that at one time you could bring silver to the U.S. mint and they would make it into coins free of charge.
tgpdlp1 11 months ago
@SidneyBou It's illegal to take more than 5$ worth of nickles out of the country . Also the material to make a nickle will soon be changed to a lower priced material.. the cost to make a nickle is over .09..hord your nickles.. they will be the next junk copper...like the junk silver of today... No risk a roll will always be worth at least 2$ .. hyper inflaton hits .. who knows
rnade 10 months ago
@tgpdlp1 Start graphing the following things:
The number of ounces of silver it takes to buy 1 ounce of gold for every year since 1971.
The number of ounces of silver to buy 1 unite of the DJIA since 1971
The national debt in terms of ounces of silver, since 1971
If you're worried that we are at a top, you won't be after you look at those plots.
fuzzywzhe 10 months ago
@tgpdlp1 Silver will never reach $100, and yes I said NEVER!
kcrone1 4 months ago
Great information as always thank you very much and continue your outstanding work....
cochise12366 11 months ago
great video. keep up the good work!
ozinik 11 months ago
Thanks for the post. I think what we're seeing is the collision of money with commodities here.
megawavez 11 months ago
Sweet, you helped wake a whole bunch of my friends up.
TheBlackastartes 11 months ago
On which page is that Marc Faber quote?
TheBarbarousRelic 11 months ago
There is a problem with the calculation here. The assumption is that all you need to do is a linear calculation to determine prices. The truth may be that it might have taken a 4.00$ price change to free up $500 million dollars worth of silver. But to extrapolate that out linearly would be incorrect. The truth is that maybe only a 10 dollar move would free up 20 billion dollars of silver. You just dont know what price people are willing to sell their silver at. This is a question of pyschology.
yogiudo 11 months ago
i really really like this! :)
pfcwar5150 11 months ago
How many ounces of silver exist above land and how much below the ground? You cant buy what does not exist, remember that!
mmaaxx1198 11 months ago
Great Marc Faber quote!
Andreano123 11 months ago
This is a very convincing case!!!
silverfuturist 11 months ago
since i seen sgt video my siver asset has increased 4K,this made my wife is very happy even she is now hunting down silver coins.
colinjockgraham 11 months ago
Good job SGT, Silver is a no brained investment and Shawn is giving all of you very good information. Get in the car and clean out the coin shops Today!
wakeupsheople 11 months ago
Very conservative estimate. Why not:) Thank you for what you are doing, sir.
blackswanflea 11 months ago
Logic works just fine with me, thanks SGT for laying it out.
TheReallitycheck 11 months ago
Item X: Rare, not used for much and not used up.
Item Y: Even Rarer, used for a LOT of stuff and being used up.
Which Item should be more valuable? Oh yeah, X = Gold and Y = Silver.
This is my case for silver exceeding golds value. Probably within 5 years.
7Losses 11 months ago
Buy it Hold it and enjoy it :o)
GuildF40 11 months ago
On Bix Weir's website roadtoroota, look for the article Melt The Witch.
It's basically the ultimate bullish case for silver. In the article you will see he also makes a very convincing argument for $100,000 silver if the right scenarios play out (which he believes they will)
silveristhefuture 11 months ago
Forget that, $5000 lol
charlesfuchs 11 months ago
I don't believe owning mining stocks, long term, is a good idea, because they are paper assets, (too much counter-party or gov't theft risk). Short term, play them the same as ETFs, but unless your inside info is iron-clad and your timing is flawless, you will be lucky to get out of the mining stocks before the crash and the paper becomes worthless, which will come without warning. Keep stacking physical silver, hide it well, and don't tell anyone about it who you wouldn't trust with your life.
MrDorkusMaximus 11 months ago
Awesome man. I was going into withdrawl for your videos! Have a great weekend Shawn.
Sincerely,
Frank
FrankT11113 11 months ago
SGT. I think all of us who are in are happy we are especially given the current trend.But you are the silver icing on this cake you suppress any wavering or insecurity with your high caliber interviews with some knowegable heavy hitters as guests. U ROCK!!!!!
fohtynine 11 months ago 9
@fohtynine I'm humbled, I appreciate your support & encouragement!
SGTbull07 11 months ago
Sometimes, whatever comes from my typing, comes out opposite from what I am really asking or stating... but here I go throwing out all caution to the wind. I do understand it when folks reject my sincerity about taking a stand on "Silver" and making an investment , however large or small, the owning of physical Silver. Oblivious and unconcerned are they ,I am sure. But larger than life companies with huge amounts of spendable cash, Why have they not bought what is left? or taken up the mantle?
OLDERBLUE 11 months ago
@OLDERBLUE it's a good question blue. But the answer lies in the monster profits they are currently making, & like 98% of the rest of the peopulation, many at the highest levels don't know the first thing about the FED or QE, etc. I know this first hand b/c I used to work with the top dogs at a Fortune 50 corporation and I was on a first name basis with some of the VP's, Senior VP's and CEO. Many of them are lost in their own career bubble day to day and have no clue about these issues.
SGTbull07 11 months ago
@SGTbull07 Alot of people are unaware of fractional reserve banking and the value of paper money vs. virtually anything tangible, like a box of matches, a chair, long term storage food...etc. Heck, at this point the real value of paper money is so worthless we'll all see it as 2 ply in the not to far future. I had to explain alot to my father numerous times, but the seed of knowledge has been planted and with time the fruits of labor are well worth it. Patience is key! Be well SGTbull07
D33Lux 11 months ago
Good info! Thanks for the video!:))
bigdad06 11 months ago 3
@bigdad06 thanks bd, G'nite!
SGTbull07 11 months ago
I really have no argument with any of this. I have been involved with silver since the upper $4 level. My only fear is that this is what Wall Street does best, manipulates genuine shortages to catch the retail investor at the top of the cycle. Of course if the top is $150 silver than we are a long ways away or, if doomsday scenarios play out, maybe multiples of the $150. So if the worst comes into play, won't silver be the least of our worries, those worries being food and defensive power?
joesphx19 11 months ago 7
@joesphx19 yes. true that... food, energy, life... but we will be in far, far better shape than those w/o any silver, right? have a great weekend joe.
SGTbull07 11 months ago
@joesphx19 well stated. I'd rather buy some necessary supplies and sell of what little silver I have than end up in a situation where no one would be willing to trade supplies for pieces of metal. I'm waiting until it goes up a bit more, and if I don't have some money to buy the necessities by then, going to sell off some silver (still need a handgun for the family).
10iggi01 11 months ago
@SGTbull07 This chop seconds that as well, SGT. :) Thanks for the great micro-doc. I'm trying to get a buddy involved in this. I just sent it off. Keep it up, brother!!! :)
chop98 11 months ago
This is the best video you have made because you didn't just shout "BUY SILVER!", you provided the empirical logic for why we must "BUY SILVER!". Thank you for your hard work.
seagate08 11 months ago
@seagate08 that's helpful feedback, thanks, appreciate it.
SGTbull07 11 months ago
What are the coins at 1:44? Are those Canadian dollars?? What year. Thanks for posting.
TheChiefSteel 11 months ago
@TheChiefSteel Chief those are all pre-1967 Canadian half dollars, they are small but quite beautifully designed, and worth $10.70 each in melt value.
SGTbull07 11 months ago
Even sheep understand when you tell them that a pre-1964 silver quarter is worth $6.25 in Bernanke Bucks. At $175 that would be a 500% increase to $32.25.
Horse237 11 months ago
Speaking of the US Mint...their 2010 Silver Proof Quarters Set is now 'temporarily unavailable' in their online catalog.
Looks like my collection directly from them might just be stopping at seven.
...Man, I was just getting started.
mellamoputo 11 months ago
Slam Dunk,....we are the SLA (Silver Liberation Army) Good Job SGT ! :-)
TheSilverWatch 11 months ago
Outstanding
yonny1954 11 months ago
Another GREAT video! I just wish it didn't take 6 to 8 weeks to get delivery! I know you shop locally, but for me, well, I guess I'll just say I am gonna have to wait the 6 to 8 weeks, unless someone knows a quicker way?
Anyway...Chemtrails in the DC area were out of control on 3 and 4 March! I mean horizon to horizon, all day, blatant in your face, here they are spraying! Funny thing is the USA Today Geo Engineering story that coincided with the spraying....almost like SO? What ya Gonna do?
lantsurfer 11 months ago
@lantsurfer gainsville should be faster than that, or miles frankiln, or apmex. who did you order from?
SGTbull07 11 months ago
@SGTbull07 I have been using Midas and my buddy used Kitco with the same thing...they'll say 4-6 weeks, but turns out to be more like 7 or 8. Maybe as you have noted in some of your videos it's tough to get their hands on the silver in the first place, so it's taking longer than normal. I'll give those others a try! Thanks!
lantsurfer 11 months ago
@lantsurfer I've ordered from Kitco several times, the last time being about 2 months ago. Never had to wait more than 4 weeks or so and that includes the three weeks it takes for the check to clear. If you wire the money it would be much faster. I'm not affiliated with Kitco, just a satisfied customer.
KasiJonz 11 months ago
@KasiJonz I like Kitco as well and think they are a solid choice, but find prices are a little lower at Gainsville coins. The shipping charges are lower, they ship more quickly and they take credit cards. Not affiliated with them, just sharing.
taranoreable 11 months ago
@lantsurfer Chemtrails all over NYC too....and yest apmex is great to purchase from
zappos49 11 months ago
@lantsurfer Always remember. If you are waiting on delivery you used your credit card. If you used your credit card Obama knows what you bought. New financial bill. ALL transactions go to White House
PatriotWatchUSA 11 months ago
good video for convincing
nottinmatterz2day 11 months ago
been stacking nickels, too :-P
faulconandsnowjob 11 months ago
Did you read on Harvey Organ yesterday about Blythe offering a cash payout of spot + 80% premium for payout of contracts rather than providing delivery because JPM says they can't deliver 20M ozs?
73cupcake 11 months ago
@73cupcake YES 73c!! it is all falling apart for Blythe and her criminal syndicate. The only down side is that WE are all running out of time to get more physical affordably.
SGTbull07 11 months ago
BOOOOOOM GOES THE DYNAMITE!
SGT, You knocked this one out of the park!!!!!!!!
WHO15JOHNGALT 11 months ago
sat and sun ...silver train in a tunnel
gasdorf 11 months ago
If silver reaches $500, a junk dime would be worth about $35. It might be tough to make change for an Eagle.
InTheSticks0001 11 months ago
this is undeniable info. thank you SGTbull07 for sharing this information. i watch all of your videos and every video you made is informative and helpful, thank you for your contribution to the youtube community. keep up the good work
chopper82p 11 months ago 2
Does anyone else think silver will be worth more than a thousand dollars an once by next year. Or am I the only one
jeremyelliott1 11 months ago
Dude...You Totally ROCK! Many Mahalo's SGT.
DavidBylsma 11 months ago
@DavidBylsma DB, Mahalo my friend!
SGTbull07 11 months ago
awesome,i love the pics of the canadian silver
18wheeler76 11 months ago
@SGTbull07 I have relegated my fiat for mercury dimes until the pinata breaks. I'm working on a third roll of junk mercurys.Also I picked up two 1955-D quarters one unc and one junk. Last year I was able to spend between $400 and $600 a month on metal this year for some reason it's been around $300 a month. I am really starting to ponder how much of this stuff I really need to get. It seems the like the bulls are out of the barn. Do we need much more than our own weight in Ag?
drewzillasaurusrex 11 months ago
@drewzillasaurusrex drew, that sounds like a really fun amount to own, especially if one were morbidly obese.
SGTbull07 11 months ago
@SGTbull07 In other words keep stacking. I almost lost the siege mentality for a moment there. At the very least if JP Morgan is down then I am metaphorically speaking stepping on their pinky finger. I will pretend that I am morbidly rotund then.
drewzillasaurusrex 11 months ago
There are morons who still "believe" silver will never reach even a $100oz. I cannot see how it NOT possible to reach that and beyond when you factor in all the criminality. If it never reaches ~$100, it is solely because of this criminality.
biped19 11 months ago
@biped19 I completely agree, it's quantifiable, hard numbers. I think now that the Asian world knows this, it will get there. JP Morgan can't stop it, they can only hope to contain it.
SGTbull07 11 months ago
Keep on making these Micro-Docs. They are wonderful. Keep stackin the Silver.
nesterisagod1776 11 months ago
great video!
SilverPott 11 months ago
Hey SGT,
Do you reckon you could do a vid where you put all your "curious cases" together and see if you can arrive at a probable median for a silver price?
metallicaregein 11 months ago
@metallicaregein yes - good point, and again I should add , this is my "near term" (2-3 years) guesstimate. I think 'the Curious Case for $936 Ounce Silver' is still 100% valid.
SGTbull07 11 months ago
Great video and info
TheVanishingSacred 11 months ago
And that's why I keep stackin' folks!
62636263c 11 months ago
I am waiting for $500
newbeflipflop 11 months ago
gosh. I still have chills thinking about what you said. wow. I can't think of anything to say and we all know that doesn't happen a lot. wow.
acuriousbeast 11 months ago
SGT, spot on old boy. I believe when all of those who are not in silver now wake up and see the trend, that more and more people will be coming into the market and it will act like a ram jet:The faster you go, the faster you can go. After some very cautious years and much noodling, I believe silver will go exponential. Once the population learns of the lack of actual metal, I cannot fathom anything else.
lumberjak5010 11 months ago
Another great video. Thanks for sharing your insight.
adventuresineurope 11 months ago
What a great week! I scored some SIlver Timber Wolves last wkend for only 30 each when spot was 33.38 and then it went to 35.67!
And another coin show locally this weekend! I'm going!
Torgo1969 11 months ago
@Torgo1969 I'm going to my first coin show tomorrow, I hope I score some deals ike those!!
73cupcake 11 months ago
@73cupcake If you can get your hands on phyical, That's a "DEAL" Good Luck!
jairo33 11 months ago
If there are supply concerns when Sprott procured his metal, what kind of supply numbers will befall us when those US equity dividend yields change up?
SGT, you might have to include a coefficient in your equation!
nepenthean 11 months ago
That was super simple! Thanks SGT! Great vid. keep stackin'
TruthOverFacts 11 months ago
Thanks, Of the $600-$1,000 Trillion Dollars in derivatives globally and that's a T as in Trillions what percentage would have to be converted to silver to bring the price to $1,000. per troy oz.?
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