Physical Silver is Money - End the Paper Ponzi - Part "B"
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Better.
Honestly I don't know whether we're at the peak or not, but without more crises in the near future, the upward pressure on the price of silver caused by those factors will cease. The price may well rise based on other factors - industrial demand, the inelasticity of supply etc. - but opinion is divided as to whether it's a good investment right now or not. Personally I would bet against the next ten years showing the sort of gains in its value that the last ten have seen.
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@dvnwnd07 So you don't have any poured bars? I have one particularly nice 5kg poured bar. It's from an Aussie Refinery. Looks great. Just made some nice purchases lately - 3 X 1kg silver kookaburras, a 10oz kookaburra and a 10oz Lunar Tiger. I'm looking to get a few rolls of Maples in the future. It would have been nice if they had made Maples in denominations bigger than 1oz.. I couldn't find ANY. :(
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@pickmanfox My apologies for the outburst on your channel.
I want to ask you who your sources are regarding why you see this the peak of silver price in the next ten to fifteen years? I do not trade gold or silver. I am a buy and hold investor. This is most definitely not the peak in silver price in the coming years. are you not aware of the massive shortfall in the supply of silver right now? Do you not see the rapidly growing population and increased demand increasing Ag price?
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Quite so. The dotcom crash, 9/11 and the current mortgage crisis make investors jumpy. When they get jumpy they drop stocks and tend to invest in precious metals - because, like you, they are fearful and crave stability.
This pushes the price up when things are bad. It settles down again when things are good.
You should have bought silver 10 years ago at the bottom of the curve; instead you're buying it at the top of the curve and congratulating yourself on your cleverness.
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Pretty much everyone. We have these things called banks which invest all of our money automatically. They pay interest on our investment, which offsets the loss from inflation.
On current accounts the interest is very low, though. So it's important to make real, long-term investments as well as having cash on hand, as you say.
Nothing wrong with silver under the bed as an investment. Some people buy antiques, which are even harder to steal. Neither makes a good currency, though.
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Correct, I prefer to write.
Are you able to discuss the issues without resorting to personal attacks and posting comments on my profile saying that I should be killed?
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So you understand then, that it's absurd to say any commodity is more liquid than money?
If you grasp the concept of inflation, you know that the purpose of money is to be exchanged for goods and services. If money holds or increases its value people will hoard it and not exchange it. People would invest in money instead of in real investments like businesses and useful commodities, to the detriment of both.
The 'weakness' of fiat money is actually a good thing.
loved the musical chairs analogy. Excellent video mate. Excellent video. I love silver and gold. peace
ToyMaster83 1 year ago
@ToyMaster83
Thanks, i find it makes it a lot easier to explain complicated economic issues in simple terms.
XonixRogotta 1 year ago
Nice video. I hear you about trying to get people to care, but I would say don't beat yourself up about it because human nature is generally one of denial. Just prepare as best you can for yourself and your family. Look at history, people just keep humming real loud til the music stops.
Hopefully, humans will invent a better banking system after this one collapses. There are certainly enough people aware of the flaws of a fiat system. New capital needs to be created that isn't tied to debt.
defconquell 2 years ago
I agree with what you're saying about humans inventing a better banking system after this one collapses. That's just it, the current system MUST collapse before a better system can be given birth to replace it. Unfortunately government is doing everything in its power to save the current broken system. Thanks for the comment.
XonixRogotta 2 years ago
It's flat out untrue that silver remains worth the same amount in the barter system.
If you google "silverinstitute price history" you can see graphs of silver prices since 1950. As dollars always go down in barter value due to inflation, the dollar value of silver should ALWAYS go up if what you say is true. But when industrial demand for silver slumps it goes down - which means it's going down EVEN FASTER than inflation is reducing the value of paper money!
No commodity has a fixed value.
pickmanfox 2 years ago
Also silver is now known to have anti-bacterial properties which i've also read will be used in the medical industry, this will also make silver demand go up. My point is, I have more faith in precious metals then I do fiat currency as precious metals can't be "printed" unless of course you buy it from the Comex which we all know issues more "paper" then it has in real physical metal. So are you telling me you have faith in fiat British Pounds especially after all the printing and bailouts?
XonixRogotta 2 years ago