The Truth About Silver in 2023

The truth about silver in 2023 is complicated with pros and cons worth considering. The metal itself has a lot of potential, but the hype behind it doesn't line up with its historical performance. Maybe that will change - who knows? What we do know is that the facts and the hype tell different stories.
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Пікірлер: 508

  • @WorldMoneyWins
    @WorldMoneyWins

    I like both.

  • @silvertrek357
    @silvertrek357

    Even fractional gold is cheaper than silver premiums.

  • @dandelioncorsage
    @dandelioncorsage

    I stopped buying silver when it became cumbersome to carry my entire stack in a canvas bag. I hope to have the same issue with gold some day.

  • @Onetwothree789
    @Onetwothree789

    Silver has been suppressed for decades, I believe it will increase massively.

  • @PistolPackingPilot
    @PistolPackingPilot

    The more I continue in my stacking journey, the more I favor gold. I love my silver, and if it pops, I’ll get great returns. I love the stability of gold though. But what’s even better, is the compactness of gold. In a bug out scenario, there’s no way I could take all my silver. But I could take all my gold. Great video.

  • @Therese-1001
    @Therese-1001

    I suck at savings. But I love silver and gold. Since I started stacking consistently, I’m watching my silver stack grow. Finally passed my first 100 oz not counting the constitutional. Slowly adding 1/10 oz of gold. That’s all I can afford at this time. Filling my little air tight tube. 😊

  • @craigthescott5074
    @craigthescott5074

    There’s absolutely no reason silver shouldn’t be $50 an ounce considering how much gold is. The problem with silver is it’s heavily manipulated and prices are kept low. I have a monster box of silver just so I have some purchasing power if the dollar crashes but I won’t buy any more.

  • @blackmetalmatters9101
    @blackmetalmatters9101

    Not one of these YT videos even touches on the real reason to stack silver: Werewolves.

  • @JDre-ox2hu
    @JDre-ox2hu

    Spot on, silver for me at this point is an impulse buy of a coin or two in the coin shop or a gift idea for anyone wondering what to get me for my birthday… after all there’s no premium on gifted silver 🙂🍻

  • @WorldMoneyWins
    @WorldMoneyWins

    Math... Math is hard.....

  • @Raiyyek
    @Raiyyek

    Thank you for this video, and the sanity. I had dabbled in precious metals but got serious about putting savings into them in 2020. As you mention, I kept hearing that silver was the way to go, so I bought a lot of silver. However, over time - when I took premiums into account - I realized that silver was going to have to go WAY up for me to just break even on my purchases, whereas my gold purchases were already showing a profit. At that point, I stopped buying silver and put more into gold, in spite of KZread saying silver was going to the moon, and the gold:silver ratio, yada, yada, yada... All I could think about was the premiums. Everyone talks about precious metals being a “store of value,” but the premiums still count in that value. The value of my money has been retained or increased with gold, but the “total cost of ownership” for silver has caused that money to lose value, not be retained.

  • @FrankLeeNacty
    @FrankLeeNacty

    I appreciate the realism.

  • @brusea13
    @brusea13

    Always insightful Always balanced, thanks.

  • @david.9633
    @david.9633

    Informative episode, thank you.

  • @thedudeabides1445
    @thedudeabides1445

    I kinda think silver is cheap because of the crazy increase in copper mining, where silver is a by-product. At least that's a big part of the reason.

  • @gregweston277
    @gregweston277

    Always enjoy your thoughtful, measured, calm vids and I think you are spot on...thank you!

  • @joethebassplayer
    @joethebassplayer

    I've been selling off my Silver that I purchased 2018-2020 and converting to Gold, Platinum & Property and have done very well... I am doing a big move in the next 6-8 months and hope to get my silver down farther just so I do not have to physically move all of it... I'm really hoping for a jump up to $30+/ozt in the next few months but I also hear people in hell want ice-water so we'll see...

  • @MrJagman1987
    @MrJagman1987

    I like Both. I stacked Silver till I ran out of space..now shifted back to Gold. I never sell anything so doesn't really matter to me the price swings.

  • @victoriaoshea4865
    @victoriaoshea4865

    Thank you

  • @Spatoes
    @Spatoes

    Thank you ! Love listening to your content