Prices won't deter me from buying. I pick up an eagle or two every week. My advice, buy what you can afford and feel good about it. Anyone who buys silver in any quantity is a winner, keep on stacking.

I was thinking about how pension funds often fail to fulfill their purpose so I sat down and made a calculation taking into consideration inflation and purchasing power. I realised that if one had invested in Silver and Gold (I forget the year I was calculating from) instead of a pension fund, instead if losing purchasing power, I would have at least tripled my purchasing power by retirement. So that’s what this means to me. Fiat may be the everyday currency but when it comes to conserving wealth for the future then Gold and Silver are the way to go.

@supertom8552

3 жыл бұрын

Sacha Chan Yan good point!

@bobbyrayvictory6905

3 жыл бұрын

Well thanks for that observation. I'm 27 and my wife and I have decided to start buying gold. So that just one more reason why its worth it

If i die broke it was a perfect budget

@BackyardBullion

4 жыл бұрын

One way to look at it!

@SalafiJustice

4 жыл бұрын

Kevin Bell that comment was gold. Pun intended.

@surveyguyor8958

4 жыл бұрын

well if you die from a natural death, good job. If you die young from a Chinese bomb or bullet, not so much.

“I don’t see a global catastrophe in our lifetime” 2020: hold my beer

@BackyardBullion

4 жыл бұрын

This is bad, no doubt but it is not a mad Max scenario

@DroneVictoria_au

4 жыл бұрын

You win the internet today!!

@audreymuzingo933

4 жыл бұрын

Backyard Bullion I think about the mad max scenario all the time, not because I am just fearful like that but just in a fantasy kind of way, and the current scenario is at least closer to Mad Max than anything I’ve seen in my 46 years. Like in terms of silver, when/if all commerce is basically shut down or at least severely hamstrung, and the streets are literally dangerous, everybody out to take from everybody else out of desperation, how and where would you even sell silver safely? Like a picture someone like me, a single mom with a tacklebox of coins and scrap jewelry. And I know you were half joking when you said mad max, but what if gasoline really were unavailable, and people were down to walking in the dangerous streets? I should note that I am American, and though I don’t currently own any firearms, I could easily acquire one or more. So I’m really curious how the rest of the world would defend themselves considering some people will have firearms even where they are banned.

@sheppertonstudios8253

4 жыл бұрын

LMAO I thought exactly the same thing when he said that

@OHGEEBABYGEE

4 жыл бұрын

You know how old people do

I buy Gold, and use it as a savings bank, if i kept the currency in my house, I would spend it. Changing it into Gold, stops me wasting my money. Not only that, Gold is beautiful. Gods money, tears of the sun. Gold is 🤴. Thanks

@BackyardBullion

4 жыл бұрын

This is one of the best things about stacking and a great way to look at it - saving money for the future is really important! Thanks for sharing and watching!

@jsmythib

4 жыл бұрын

Deep storage. Hard to spend, and I can stack it on the table, or bang pieces together to hear the noise if I get bored.

@silverstacker5994

4 жыл бұрын

That's the exact reason I started buying gold and silver. I had a few thousand dollars cash from selling pharmaceuticals and didn't want to just keep stacking $100 bills in my closet. I love my stack! xP

@goodspeed5817

4 жыл бұрын

I love silver I stack silver becouse I cant stack cash. As far as price goes its manipulated just like everything else. Do I want 1000 dollar silver?NO becouse it will most likely mean 500 dollar loaf of bread

@walden6272

4 жыл бұрын

There is God in Gold.

I have collected silver coins of all types since I was a kid. But now I’m really thinking about silver in a whole new way thanks to you. Thank you for posting.

@BackyardBullion

4 жыл бұрын

Great to hear, thanks for the feedback!

One of the most important aspects of having precious metals is that it is wealth removed from the grasp of govts. They will be looking to take your assets to fund themselves in the approaching hard times. A broke govt is a dangerous beast. Protect yourself from this scourge.

@BackyardBullion

4 жыл бұрын

I totally agree, very well said!

@xDDufiosy

4 жыл бұрын

And we have a stupid public voting to make the government massive and powerful.

@FerventReminder

4 жыл бұрын

@@xDDufiosy Don't you mean even _more_ massive and _more_ powerful? :P

@xDDufiosy

4 жыл бұрын

@@FerventReminder dont remind me xD

@sonnybrisbane66

4 жыл бұрын

You forget that during those times, they make it illegal to own gold, that's when you are legally obliged to sell it back to them at rock bottom prices.

I'll only sell my silver/gold to pay off a rental house, current house or buy additional land.

@stevenhanlon7001

4 жыл бұрын

buy more silver. you will not regret. price has exploded.

@SH-ij3df

4 жыл бұрын

@@stevenhanlon7001 What part of the world do you people live in? Spot price is hovering around $13-$14 the same as it was 30 years ago. I don't get

@bojjjjje123

4 жыл бұрын

@@SH-ij3df I'm not into this market, but doesn't that mean that the price of silver has dropped if it has stayed the same but these 13$ was worth more 30 years ago because of inflation?

@Yinanabugoogle

4 жыл бұрын

No one is selling physical silver for $13 an oz 😂

@surveyguyor8958

4 жыл бұрын

@@SH-ij3df $19 now

6:30 7 months later...

@123mcgarrigle

4 жыл бұрын

Lmao. Now this has happened, silver will go down when we turn back to some kind of normality, pick up as much as you can and learn your lesson.

@SilverWiskeyStones

4 жыл бұрын

If you sell now you will get well over spot price.

@SilverWiskeyStones

4 жыл бұрын

@Andres Tello I bought the dip. Just sitting and waiting. I'm no fool 😂. If you look at the major dealers or eBay, the premiums are through the roof.

@goodgod74

4 жыл бұрын

@@123mcgarrigle will it really go down now?

@SilverWiskeyStones

4 жыл бұрын

@Motor Head 10 dollar premiums on generic silver.... You can make a good argument.

It's real money - in a world of fake money.

@BackyardBullion

4 жыл бұрын

Yes indeed it is.

@jimmya2860

4 жыл бұрын

@OldPossum In Oklahoma, it is considered legal tender. It can be used to purchase goods, groceries. Other states have adopted this form of payment also.

I've bought regardless of price for 40 years, I seldom give it a thought.

@michaelsorrell601

4 жыл бұрын

@@chrispyd603 SHIT LOAD OF AMMO CANS STACKED IN GUN SAFES, IM NOT SURE.

If silver/gold shoots the moon it will be because the currency is tanking. Why would I convert the intrinsically valuable PM's into a tanking currency?

@BackyardBullion

4 жыл бұрын

I agree, 100%

@alan40able

4 жыл бұрын

Agree also , keeping my stack for the next paradigm whatever form that my take .

@deeremeyer1749

4 жыл бұрын

A "tanking currency" is what causes "PMs" to "shoot the moon" (that phrase is generally used in the various varieties of the card game "Pitch" to "bid" the maximum points in one "hand" possible AND win the entire "game" in one hand or "lose everything" if the "shooter" doesn't make it and goes "set" whereas "skyrocket" refers to a huge increase in the "price" of goods or services due to a supposed increase in "demand" and usually right before the "market" goes "bust") but yet even though "PMs" are bought and sold by "investors" at a "price" invariably determined as some "volume" of the so-called "fiat currency" they're supposedly "worth" when the "currency tanks" the "value" of the "PMs" formerly priced in that currency and "pegged" to it won't "tank" as well? Seeing as how 1 "USD" buys every bit as much gasoline or groceries or gun as it did 10 years ago or MORE and that means "inflation" of the "USD" is not a factor in the huge "moon shot" of so-called "precious metals" - which in the case of both gold and silver "peaked" years ago and then "crashed" when "supply" suddenly "spiked" and have only "recovered" since "stacking" has become "investing for dummies" too young to remember the last "financial crisis" because Mommy and Daddy were paying all their "bills" - and that instead of "precious metals" increasing in "price" due to a "weakening dollar" instead its the decreasing "value" of "precious metals" in a world where "luxury items" like gold jewelry, solid silver tableware etc are no longer "valued" like they used to be, I think you "stackers" are in for a rude awakening no matter WHAT happens as far as "global economics" and the "value" of the "USD". If you LEARNED any "history" instead of just repeating that "store of value" and "never worth zero" and "hedge against inflation" going back "centuries" crap, you'd know that until there the "USD" was created and that "precious metal" gold and supposed "precious metal" silver became "fiat currency" as U.S. coins with "face values" approximately "equal" to the "hourly wages" of the men who mined, refined and minted them into coins - the hardest, hottest, most dangerous and "riskiest" manual labor in "America" then or now - and the "value" of those "PMs" HERE IN THE U.S. WAS DETERMINED BY THE SAME THING THAT'S ALWAYS "BACKED" THE "USD" AND ITS "FIAT CURRENCY" - THE "HUMAN CAPITAL" THAT ACTUALLY PRODUCES "PHYSICAL" GDP, THERE WAS NO "GOLD PRICE" OR "SILVER PRICE" AND THE "PRICES" OF THOSE "PMs" TODAY ARE DUE TO "CURRENCY TRADING" AND OTHER "INVESTMENTS" THAT HAVE TRIED BUT FAILED TO "DEVALUE" OR "CRASH" THE "USD" AND THE U.S. "ECONOMY". A "DEVALUATION" THAT VARIOUS "ECONOMIES" AROUND THE "GLOBE" DESPERATELY NEED TO AVOID "COLLAPSE" BECAUSE THE "GOVERNMENTS" OF THOSE "CAPITALIST" COUNTRIES THAT MANIPULATE THEIR OWN CURRENCIES AND "TRADE" CURRENCY "PAIRS" THAT INVARIABLY PIT THEM AGAINST THE "USD" AND "RETURN" USD HAVE CREATED TENS OF TRILLIONS OF "USD" THAT DO NOT EXIST EVEN AS "FIAT CURRENCY" AND THAT THE U.S. "CENTRAL BANK" COULDN'T "MONETIZE" IN A "CENTURY" OF NON-STOP PRINTING OF "PAPER MONEY" AND WOULDN'T HAVE ANY "VALUE" OUTSIDE THE U.S. "ECONOMY" IF "AMERICA" DID FEEL OBLIGED TO "BAIL OUT" THE FINANCIAL/CURRENCY/ECONOMIC "CRISES" ITS SUPPOSED "ALLIES" AND "PARTNERS" HAVE GOTTEN THEMSELVES IN "SHOOTING THE MOON" BETTING AGAINST THE "USD". YOU THINK A "TROY OUNCE" OF "PURE SILVER" IS "WORTH" 15 "USD" AND A TROY OUNCE OF PURE GOLD IS "WORTH" 1400 "USD" OR ROUGHLY 3-4 TIMES MORE "USD" THAN A "DECADE" AGO? I THINK THAT UNLESS THAT SILVER OR GOLD IS IN THE FORM OF ACTUAL LEGAL TENDER U.S. CURRENCY "CENTRAL BANK" FIAT CURRENCY U.S. "SILVER DOLLAR" AND "GOLD 20 DOLLAR" COINS, ITS WORTH 1/15TH OF 1 "USD" PER OUNCE OF "STACKABLE" SILVER AND 1/1400TH OF 1 "USD" PER OUNCE OF "STACKABLE" GOLD. ANYBODY WHO CONSIDERS SILVER "WORTH" JUST OVER 1% OF THE GOLD "SPOT PRICE" TO BE A "PRECIOUS METAL" WITHOUT A CLUE WHY IS AN ECONOMIC IDIOT EVEN A "GOLD STACKER" LOOKS "SMART" IN COMPARISON TO BUT BOTH ARE THE POSTER CHILDREN FOR THE "PROVERB" ABOUT FOOLS AND MONEY SOON PARTED.

@dontask8979

4 жыл бұрын

Bingo

@jsmythib

4 жыл бұрын

The dime for a gallon of gas, or ounce of gold for a nice suit over time , really help describe that function.

I don't care about the prices because all fiat currencies fail including the dollar.

@BackyardBullion

4 жыл бұрын

Indeed, but the level to which they diminish is different and a total failure is not going to happen.

100% correct. The silver and gold hold the value, the money is simply buying power. People have a hard time grasping that.

@BackyardBullion

4 жыл бұрын

Thanks for sharing your thoughts!

@stevenhanlon7001

4 жыл бұрын

correct. silver is where the real money is. buy silver. fast. great.

Your thought strategy is spot on. If silver "shoots the moon" w/o a fiat currency crash; there will be no buyers that would take a chance on a purchase at that high price whatever the moon price becomes. Better to sell a portion as the price rises to the moon and retain say 2/3's of our physical holdings.

you nailed it, I'm impressed.

@BackyardBullion

4 жыл бұрын

Thanks!

I'm counting on an international economic crisis. It seems like a mathematical inevitability.

@gregblack2628

4 жыл бұрын

JTib You forgot to carry the 1.

@jtib5968

4 жыл бұрын

@@gregblack2628 Oh? Do tell.

@eastonwilliams1722

4 жыл бұрын

At this point it's never going to happen. Central Banks just keep making fake money...

@jtib5968

4 жыл бұрын

@@eastonwilliams1722 How does that prevent an economic crisis? What you said should speak it the inevitability of the crisis.

@psychedelicpariah9430

4 жыл бұрын

@@jtib5968 LMao, Fiat money is debt

Those perth mint dragons are so lovely

Your logic about holding for long term & wealth preservation runs along the same lines as my own. I'm not selling - buy and stack when the mood strikes me. Good video - thanks a lot.

This video finally kind of made things click for me with respect to the utility and value of physical possession of precious metals. Thanks!

@BackyardBullion

4 жыл бұрын

Glad to hear it, thanks for stopping by and commenting!

I agree! I've been buying a lot of silver over the past two years. I think it's still grossly underpriced at $17/oz. When I have extra money I just buy at that day's rate and feel really good about it 👍😁

@BackyardBullion

4 жыл бұрын

You have a great outlook it seems, thanks for sharing!

@nelzelpher2088

4 жыл бұрын

It does seem cheap isn't it?

@nelzelpher2088

4 жыл бұрын

It's over $18 an ounce now

@jaimecruz5367

4 жыл бұрын

It depends because I bought 50 coins of Mexican silver coins libertad and they cost me $60/piece

@harryvanderveen773

4 жыл бұрын

@@nelzelpher2088 Compared to 1980 prices yes :)

For me the silver is a saving mode against the devaluation of the money, and a beatiful way of money.

Good discussion BYB, thank you

@BackyardBullion

4 жыл бұрын

Thanks!

Thank you. I'm subscribed. What a great adventure this is into precious metals.

gold and silver are highly undervalued relative to how much fiat is out there. I believe they can go up a good amount without a massive economic problem. Most people just don't really know or understand stacking and that's the biggest thing holding it back other than manipulation of the markets.

Better to buy silver them going to restaurants. That's what I do.

@BackyardBullion

4 жыл бұрын

I agree, saving money is a great idea.

@GoldKingsMan

4 жыл бұрын

I treat myself at restaurant once in a blue moon,rest of time I’m in crypto and metals.I was one the first bitcoin guys in 2009.Also helped launch London first two way Bitcoin cash ATM.

@michaelshapiro1543

4 жыл бұрын

THAN going.

@stevenhanlon7001

4 жыл бұрын

correct. buy more silver. well done.

@wanbrown

4 жыл бұрын

Good thinking

This is probably the most cogent view ever expressed on silver’s real life purpose. I can totally relate as a fellow panic buyer after the 2008 crash in the USA. It just takes a few years as a stacker to grasp the ideas you are laying down here.

@BackyardBullion

4 жыл бұрын

Really great to hear your feedback, it is something I have learned over time.

I buy EVERY week. Dont look specifically at spot price, I just order 5-8 coins every sunday. Consistency is really the key for my strategy. Will also make additional random purchases as funds allow, but the weekly silver order every week. For my new strategy percentages I generally look at ASE 40%, Other coins 20%, and then 10% each of premium, generic, bars, and gold

@jefster4745

2 жыл бұрын

just wait till you see the premiums on eagles in 2022

"Global Catastrophic Event..." Date: Aug 21, 2019...... 2020 ---> Let's take a ride!!!

@BackyardBullion

4 жыл бұрын

Yes, I agree it's a shitstorm of a year. We will see what happens with silver.r

@Silverhands

4 жыл бұрын

On heavy metal... It's the only way that you can travel....

Interesting video, I have always thought of my silver as either art or a collection. I’m not a stacker and think of my holdings as savings. I don’t trust financial institutions and with banks offering no interest I’d be happy enough to break even when the day comes to sell up. I plan to enjoy collecting the items that appeal to me and hopefully won’t need to sell up for some considerable time. Let’s remember spot price is manipulated and is only meaningful at the moment of sale/purchase. 👍🏼

@BackyardBullion

4 жыл бұрын

Thanks for the insightful comment my friend - we are of similar mindsets I think :-)

@pickashole

4 жыл бұрын

I share your sentiments FM. I see my lot as a small hedge and a diverse savings hold. It's there when the time comes should I need to, if not the longer strategy is that it's part of my pension and that's when I'll really consider cashing it in.

Just bought my first piece of silver. Right now, I just want to play around with it, and learn. One goal I do have, is I want to get at least one piece of gold, platinum, and palladium. Just because I want one of each. So if I see a profit to be made, I'll make it, then turn around after the price drops, and buy more. Eventually I'll get those pieces I want.

Im not so much a stacker rather an appreciater of art and on that merit alone is my reason for enjoying byb and another journey that i love and hold in my my life 😃.

I watch silver prices daily, more importantly I watch them on friday at 5pm est thats when the forex & commodity markets close. I watch to see if silver price has taken out the previous weeks high. This is usually a good indicator to determine whether prices will go be going higher in the coming weeks.

@BackyardBullion

4 жыл бұрын

Thanks for sharing your thoughts, i too check the prices at the end of a working week l, nice to see where things have ended up!

@paulsharman3942

4 жыл бұрын

The price of silver on a forex or stock account is moved by traders trading on that instrument I don't think that any physical silver is bought or sold. So the price is decided by how much money the traders have to push the price one way or the other. Just a thought.

@marcuslance5883

4 жыл бұрын

Paul Sharman I’m a trader and yes ur absolutely correct. Trading gold and silver in the markets can be extremely profitable, do that properly make the money and then put it all into actual physical gold and silver and hold the physical metals for the very very very very long term.

Correct: when silver shoots to 100 $ per ounce, a bread will probably cost 25 $, so purchasing power in fiat currency is gone. But on the other hand: one needs to eat so perhaps you have to sell your silver to stay alive.

@BackyardBullion

4 жыл бұрын

Yes indeed, it's financial protection for your buying power, that's all

@walden6272

4 жыл бұрын

Agreed. Some folks think buying gold and silver will eventually make them rich when the price skyrockets. But everything will cost a lot more too. So in reality, they are not rich. Gold and Silver only preserve their current purchasing power against a collapsing fiat currency.

@warrensteel9954

4 жыл бұрын

A man's got to eat.

@alanm03

4 жыл бұрын

You guys are missing something. Buy land now. I just bought a couple of acres last week. I know it's easier to say than do. But, i bit the bullet and did ut. I believe it will pay off in the long run. Grow your own food. At that point at least you don't have to be concerned about the that expense.

@jaddy540

4 жыл бұрын

Barter it, not sell it.

Thanks for showing off the different coins. I was just sitting here watching and was like wow I haven't seen some of those I wonder what the backs look like, And now I know. Thanks keep up the good work on us videos

Subscribed. Thanks for your insights.

@BackyardBullion

4 жыл бұрын

Thanks and welcome!

I see the price "shooting the moon" because of manufacturing demand. Unless some one finds a good way to recycle all the silver that is lost in landfills.

a silver dime was at one time worth a day of hard labor

@BackyardBullion

4 жыл бұрын

The world has changed quite considerably since then - but it is a great demonstration of how currencies devalue over time! What do you think a dime will buy you in 100 years time!?

@strattuner

4 жыл бұрын

WHATEVER YOU WANT,we are running out of a substance that saves life,is 2nd best conductor of electrical energy in the world,there is 134 lbs of it in every cruise missile ,the main use and value is solar energy,free electricity

@1AlphaOmega0

4 жыл бұрын

@@strattuner, a minor correct. Silver is the best electrically conductive metal. And, the most reflective metal.

@strattuner

4 жыл бұрын

its 2nd best after AU,gold,is the best conductor,it doesn't tarnish or oxidize,at all,throw it into a mudpuddle,come back 10k years,it looks the same,they use it for wiring satellites only,silver is my metal,i like it,i've been collecting it in various forms for 55 years,its value means nothing to me unless it goes astronomical in value then I buy a motel

@1AlphaOmega0

4 жыл бұрын

@@strattuner , not to be a stickler, but I just double checked. Gold is the 3rd most conductive. 1st is silver, 2nd is copper, 3rd is gold. However I agree, gold is much more resistant to oxidation and chemical reaction.

New to silver. Really enjoyed this video

@BackyardBullion

4 жыл бұрын

Excellent, thanks for letting me know!

I think you are 100% correct. There is very little will make your money back and the long term goal is the point of most stackers.

@BackyardBullion

4 жыл бұрын

Totally - its good you see it my way!

I watch the silver price daily. I do not wait to buy, but I do shop several companies for the best price that day.

@tko1417

4 жыл бұрын

I do the same

Silver price will equate to the dollar or pound, so we can't win, just hold what value we have. But that will give us a leg up on those who don't have silver and gold. So that is a win!

@BackyardBullion

4 жыл бұрын

It will always be relative to your own buying power of the currency you have in your bank account - unless you think that the US $ will become the next currency of choice in the local supermarket!

@michaelmurphy7177

4 жыл бұрын

I personally think that you have the correct way of thinking.

@mikelang4853

4 жыл бұрын

Backyard Bullion nah.. soft lavatory paper will be worth a fortune! Silver and gold will just weigh you down (never mind the weighing down of the massive stockpiles of TP ... at least you can clean up the S when SHTF😂)

@sonnybrisbane66

4 жыл бұрын

@@mikelang4853 Wood pulp used for tissue making is cheap. Trees are everywhere.

Great topic, enjoyed the video.

@BackyardBullion

4 жыл бұрын

Glad to hear!

Probably the most rational video I have seen on the subject. 👍

I just make profits again and again on silver, checking the price chart every day. Have never had a "losing trade" on silver because it has never gone to zero. The profits are generally 4-figures or 5-figures each. All it takes is perseverance, a good plan, and knowledge of silver price behavior and technical analysis of the price charts.

@BackyardBullion

4 жыл бұрын

I believe that there is benefit in holding silver, whether it be an increase in numbers or preservation of wealth.

@2nd_Exodus

3 жыл бұрын

Do you trade paper silver? Or do you buy physical and trade it back in? I have silver up to 30$ next couple days then 14$ in April 200$ in 2025. Good trading!

@KpxUrz5745

3 жыл бұрын

@@2nd_Exodus Mostly paper.

I only look the day of my purchase and accept premiums because this shi* is addicting!

@BackyardBullion

4 жыл бұрын

Probably the best way to.go about things!

@tobiasjenkins6885

27 күн бұрын

Yes verry addicted

Hey great video, great wisdom thank you. New to precious metals and Im deciding what gold and silver to buy. Theres a lot of options and its hard to narrow down whats best. I “liked” your vid by the way.

I have a mix of silver in my portfolio some just as silver like my maples and junk coin jar and some for other reasons from .500 sixpences for wedding favours and my 100g Metalor bar on my necklace, I don't worry about what I pay as long as it isn't way over the odds so my maples were about £18 each and I would probably only trade for them rather than buy them unless I could get them for £15 or less and the Metalor bar might get upgraded at some point but my other stuff I will keep buying as I get the junk for close to spot and have bought the sixpences under spot so far

@BackyardBullion

4 жыл бұрын

Thanks for sharing your thoughts and experiences Jamie - very interesting stuff and its great to hear you giving silver away as wedding favours!

The price of silver doesn’t matter because dealers are charging a 50% premium

@BackyardBullion

4 жыл бұрын

Yep, that is now a factor that was not here when this video was made!

@louisvl10

4 жыл бұрын

Where I live, silver is taxed. Gold is not. You automatically pay a ~20% premium on silver, because of this.

@stevelopez372

4 жыл бұрын

louisvl10 In Cali, purchases of Silver $1500.00 and over are not taxed. Wow surprising.

The odds of a "global catastrophic event" in our lifetimes is extremely high. I expect to see silver skyrocket before I die.

@vishveshboswal

4 жыл бұрын

WOW nice rap !!!!

@yarpos

4 жыл бұрын

it actually vanishingly small, because we dont live long in the overall scheme of things

@IHateThisHandleSystem

4 жыл бұрын

@@yarpos I wasn't referring to an event that would affect all life on Earth, just one that would destroy our current worldwide human civilization.

Absolutely agree with just about everything you said. Personally, i am beginning to use silver as a method of locking away capital in a monor that keeps me from too easily spending it on frivolity. I like tangible silver as a vehicle of safe keeping because of the relative "control" i have

I have bought a small wheat mill, to make flower and bake bread. I learn alot of stuff from prepper sites. I've gotten away from the big city, got me a house with no road or letter box. Payed off my debt. I have silver and gold hidden away, but it's not my first issue.

Silver is the money. I have a million fiat dollars in my safe. By the way they are Zimbabwean. Get my point. Plus as for the pirate governments if you don't tell them they don't know you have it.

@vertitis

4 жыл бұрын

I have 300 trillion Zimbabwe dollars, bought them for less than a dollar. But they have become collectable and hench they hold a much higher value today. There is a chance of similar thing happening to the Venezuelan bills.. so there are a few opportunists that have jumped on that train.

@undertalkoverdeliver6230

4 жыл бұрын

Thanks guys, I have a new Idea now 😃

@wurstofall

4 жыл бұрын

Guns and ammo can get you a lot of silver

@bobbyrayvictory6905

3 жыл бұрын

@Mario Salinas as a prepper the way i look at it us as a long term prep. Ive got the firearms and plenty of ammo, ive got the stored food and heirloom seeds, so now its time to get the gold and silver that I'll have for the point that society would be rebuilding itself. And hell who knows. Get enough gold and silver and eventually if you have a SHTF community thats grown to 1000+ people than you can start making your own coins for the market. Put your own face on it and you have your own little kingdom. And if SHTF never happens, than I'll hopefully have a small treasure chest for each of my children ya know

If there is a catastrophic event Then the fiat is worthless. Buy, enjoy, keep it till ya need it. Oh yeah, it makes a Great gift. Everyone appreciates it, few take the time to acquire it. Watch the faces when you gift it😳😊‼️

@BackyardBullion

4 жыл бұрын

I agree, its the value of fiat that makes the difference. Makes a good gift too!

@stevenhanlon7001

4 жыл бұрын

money system has all but now collapsed. so buy silver. you will get rich. great.

interesting, thank you for sharing :)

Very nice video. Thank you.

@BackyardBullion

4 жыл бұрын

Our pleasure, thanks for watching!

What is silver’s return. Average 10 year, 20 year, 30 year.. if you invested each year? You will be shocked. There is a reason hedge fund managers don’t buy and hold silver for long term.

@BackyardBullion

4 жыл бұрын

Well indeed - this is why I view it as a hedge and wealth protection - its not about a numerical return for me.

@victorialadybug1

4 жыл бұрын

If I had a silver eagle for every time I saw this tired old comment I'd be rich.

@alabonga

4 жыл бұрын

@@victorialadybug1 Do the math and proof them wrong.

@pickashole

4 жыл бұрын

Jp morgan have decided to take massive physical hold on silver in the last couple of years. Are times changing?

@gt5713

4 жыл бұрын

I'd bet that most hedge fund managers in the know do hold gold in their own personal vaults. For their managed funds, they compete with their peers, and would often under perform when measured in fiat dollars, and would therefore lose customers. In a world with experimental monetary policies where everyone seems over leveraged and over indebted, it makes sense to hold some of your wealth outside of the system. Maybe we won't all turn into Venezuela, and maybe there won't be a massive war where all governments print fiat dollars into oblivion, but it is a risk that most would be wise to consider as a possibility. These days, options are disappearing for ways to get real yields on savings that outpace inflation, without oversized risk of default. In this environment, the opportunity costs of holding gold are very low, and you'll probably see more hedge funds buying metals until things change. Something is seriously wrong when trillions of dollars worth of negative yielding bonds exist and are purchased. Either people are expecting massive deflation, or they are being forced in one way or another to hold these bonds. I just see them as pulling money out of a system that for the average debtor, requires there to be an ever increasing monetary supply for them to be able to pay off their prior debts plus interest. The liquidity crunch will likely be solved in the short term by massive government fiscal spending deficits. Maybe this along with demographic shifts will result in the opposite of what we've seen over the last twenty years, with a slow deflation in asset prices. The problem with this is that governments can't tax deflation, and don't seem willing to allow it to occur. They will spend until the deflation stops, and who knows if they will be able to reverse course without a new great depression. There are a lot of unknowns here, and I suspect that those in charge aren't even sure how they can get out of the situation without massive upheaval. To sum up, I'm not sure what to make of what seems to me like monetary insanity, but I can understand that gold and silver are more likely to hold value over the long term than a paper promise from a government that doesn't seem to have a long term plan to honor its obligations. Maybe it won't turn out to be the best savings vehicle, but in this world, it would be irresponsible not to keep at least a portion of your savings in something real, if you have the option.

I would just add that we are moving towards a competitive currency depreciating environment and hence it's not improbable for fiat currency to implode - timing is anyone's guess though :)

@BackyardBullion

4 жыл бұрын

If people knew the timings then we would all be billionaires!

Thank you i agree with you !

@BackyardBullion

4 жыл бұрын

Great to hear that you do!

Great work!!! You are a voice of reason.

@BackyardBullion

4 жыл бұрын

Glad you liked the content!

That's some nice dragon bars👍

@BackyardBullion

4 жыл бұрын

They are very nice aren't they!

I have no "exit strategy". I stack silver for when SHTF.

@bradmoberly6164

4 жыл бұрын

Exactly. I'm a lifer.

@manictiger

4 жыл бұрын

I'm not against flipping my precious metals, but it's really not the primary reason why I'm stockpiling it. If platinum or gold go up to 3,000 a troy, I'll consider trading. Depends on if I think this country can recover or not when it hits those price levels. If not, obviously I won't be selling. Being an unguided missile in an ever-changing world is a bad idea. Be a smart missile. Keep an eye on the terrain as you travel over it.

@stevenhanlon7001

4 жыл бұрын

well done. silver has exploded. you can make lots soon, great.

@lasersharpedge5489

4 жыл бұрын

Not yet

@dboi4952

4 жыл бұрын

What are you gonna do with the money once you sell it?..

I also would only sell a partial amt. of my BU silver as stated but retain all of my constitutional silver - pre 65 dimes, quarters, halves, and silver dollars.

I’m not sitting in expectation of silver reaching prices in the thousand or thousands, I do however believe firmly that I will see silver hit three digits. I enjoy buying it & I enjoy holding it & the beauty of the designs shapes & sizes. To me it’s a hobby that may just one day deliver a nice little sum or may not but it’s certainly a safer bet for a return than someone who puts that spend into their local whetherspoons for example.

Why wont anyone ever talk about where the price comes from? It's by decree. Fiat. Determined by same people who print paper money. Trading papers that represent metals. Many times more metals exist in that paper form than a actually exists as mined and what is left in the crust. Why won't anyone talk about this???

@timramich

4 жыл бұрын

@Thomas Borisov The same people who put a value on fiat currency put a value on these metals, too.

@medotaku9360

4 жыл бұрын

Silver and gold have been money throughout history and have been used to transfer and store wealth for thousands of years before fiat was even an idea. Not only are these important factors, but every fiat currency in history has eventually gone to zero. It seems like the price of metals is based on the amount of fiat they're "worth", but, really, 1 gram of gold has been worth 1 gram of gold forever. Since the dollar decoupled from a gold standard, the price of gold hasn't gone up. The price of the dollar has simply plummeted.

The only problem with your theory is history says you’re wrong. The US is the world reserve currency and it dropped the gold standard in the 1960s. Things could change over night so my opinion is to have precious metals on standby. Not lots, but enough for some bartering if necessary. The most important thing to stock up on is food.

@sonnybrisbane66

4 жыл бұрын

Nixon, 1971.

More vids like this. Selling and exit strategies

@BackyardBullion

4 жыл бұрын

Thanks for the feedback, will do!

I'm new, and I aim to get my silver around $16-$17/oz. Also I pick the metal up as a safeguard for my attempt at building wealth and moving into financial independence.

I appreciate your rant and I am pretty new to silver stacking. I would be interested to know where your background comes from? Why do you state these opinions?

@BackyardBullion

4 жыл бұрын

I have a business management background - I just like to think and talk about silver is all!

I'll never sell my silver. If it happens to become priceless, I may exchange it for gold, land or a precious woman.

@BackyardBullion

4 жыл бұрын

Interesting way of thinking!

@zoraster3749

4 жыл бұрын

Buy the land, the women come with it

@davidzoller9617

4 жыл бұрын

@@zoraster3749 Or at least some pretty sheep.

It is written that there will come a time when people will cast their silver and gold into the street,I appreciate your knowledge.Thanks for sharing.

wow great points i never thought about. having coins are better than nothing.

@BackyardBullion

4 жыл бұрын

Glad to hear it, thanks for stopping by and commenting!

Definitely stick to your strategy, just move 10 Oz and over at the moment if anything. Just keep accumulate as much as fits your budget. Once the robots suss nano technology. They may make you a grate deal.

@BackyardBullion

4 жыл бұрын

Thanks for sharing your thoughts!

What you seem to have missed in the news was that mid December over 10 individual from one of the BIG banks, and I think it was in Singapore, were arrested and indicted for "fixing" gold and silver prices, since then both have seen small but nice rises in "scrap" value.

@BackyardBullion

4 жыл бұрын

There is no doubt that there is a lot of manipulation going on, thanks for sharing!

@cuijodog1428

4 жыл бұрын

I am interested to more.......please post more details or where i can read about it

@moparluvrsgagarage2898

4 жыл бұрын

@@cuijodog1428 best I can tell you cuijo is use a search engine like DUCK DUCK GO and search for gold fixing arrests, I know if you try on google, you might not find it.

I agree with your thinking regarding metals as a 'safe haven' (asset lock) but would add/suggest that gold and silver could see the rises some suggest given that technology (nanotech - fine slicing strips and bonding) could reintroduce metals back into global currencies (some if not all as a reserve currency possibly) which would make sense only/if the values soared from today's levels. It's not really about what gold/silver represents, so much as how commercial paper has been exploited to such an extent that it appears to have already exceeded its shelf life. If (when) a reset comes - then gold and silver will be the only game in town (well past the moon...) cover 'Uranus' might be a better term

Agree with much of what you discussed here. There are so many other regurgitating the $500-$1000 oz silver. While I do believe silver is undervalued, I personally think that silver will very likely remain south of $50 per oz. it could hit $60-70, but even that isnt very likley without a significant deterioration of the value of the dollar...which is possible, but it then wouldnt actually reveal the value of the silver as much as a decrease in the value of the dollar. I check spot every few day, but it doesnt really have any impact on my personal strategy

@BackyardBullion

4 жыл бұрын

Thanks for sharing your thoughts! It's a very hard thing to plan for - but sounds like you have the right mindset

I'm with you there, it's just a different way to save for me.. Being here in the uk, it can be a pain to get good prices. Where/whom do you buy from in the uk ?

@iand6078

4 жыл бұрын

Get yourself onto the silver forum. The answers you want are there.

@Metropolis-gh6bc

4 жыл бұрын

Do you have access to APMEX in the UK? If you search the site you can find some okay deals. I like the convenience and free shipping. Last $10 roll of US silver quarters cost me $132 USD with silver at $17/oz. If I could wire or use Bitcoin, it's cheaper.

@neilbedford2756

4 жыл бұрын

I've bought over a 1000 oz of silver from www.silver-to-go.com they in Germany, delivery is usually 2-3 days via UPS and there pricing is very good and no customs duty to pay.

@Paranoid-Philosopher

4 жыл бұрын

@@neilbedford2756 I'll go check them out too, because it's a kilo I'm looking for, at a good price. Cheers, mate.👍

Correct - it is a long term storage of wealth - so that you can either barter with it, or convert it to a more usable, stabilized currency after a possible catastrophic event (war, famine, etc.). However, DURING a scenario of catastrophic event such as a War, or a true mad max collaps as mentioned in comments below, you might be better off having invested in other precious metals such as copper or lead in the form of bullets / ammunition, or perhaps long term storable foods, or barterable commodities like alcohol. Silver & Gold are good long term stores of wealth, which is true - but they're really only useful once the dust has settled and things have returned to normal. A good example is the late 1990's Bosnia / Herzegovina war. DURING the conflict, food, weapons, ammo, alcohol, and toiletries were of immeasurable value. AFTER the conflict, once things re-stabilized, a quantity of silver or gold would have allowed preservation of wealth, which could then be converted back into a usable currency.

@BackyardBullion

4 жыл бұрын

Thanks for sharing your thoughts on the subject!

i would love to see an update on what it was worth and what its worth now :)

i just need to find a place to hide my box of silver. same problem the pirates had way back when i’m guessing 🤔😬

I just like it because it’s shiny

@BackyardBullion

4 жыл бұрын

Probably the same reason as many people!

I play the lottery and whatever I win I spend on silver that way I am at least saving something.

@BackyardBullion

4 жыл бұрын

You win the lottery often to make a profit!?

@ttm1093

4 жыл бұрын

@@BackyardBullion no

Great video

@BackyardBullion

3 жыл бұрын

Thanks!

We take loss at the time of sale only if we overextend our purchase amount and have to sell (just like many other investments). Still I like to push it.

Just did a check on Venezuela to troy oz and its 4,339,098.12 so if it shot to 1k and you liquidated everything youd still be um, boned.

Silver will be used as barter..I’ll never sell for a fiat currency, only to trade for goods.

@BackyardBullion

4 жыл бұрын

Sounds like a good plan, but the world runs on Fiat currently

I have also taken a longer term view on silver... it is still very cheap IMO now, and will be cheap for a while more I think. I'm more concentrating on accumulating gold, but there is a part of me that is nagging me to not neglect silver! So... I am trying to add the odd few ounces every now and then to the stack. I am very bullish on both silver and gold for the future. I think us stackers and collectors have exciting times ahead of us. Of course, the more expensive these metals become, the harder it would become for collectors to purchase new items that they need. But if we prepare now by getting as much stock as we can afford, it would be easier for us in the future to acquire what we want.

I buy whatever I like, no matter the price and period. I don't even think of what I'll do with it in future. My strategy is, what comes will come.

Silver price does matters for us silver stackers !!!!

@BackyardBullion

4 жыл бұрын

Nope, just keep on stacking that silver!

@timothylongmore7325

4 жыл бұрын

but cheapers better...lol. Get it while it's cheap baby! Wish i had more money. I'd buy more silver.

@marknordgard1916

4 жыл бұрын

@@timothylongmore7325 you dont have money to buy more but you like it to bee cheaper ?????

Is there anyone who's buying silver just for the heck of it, as we buy clothes, watches, extra pairs of shoes, and useless stuff like lollipops, popcorn, gummy bears etc. OR AM I THE ONLY PERSON?

@terrancehubbard9499

4 жыл бұрын

Masum Khan I do to..😂😂😂

I'm glad the author of the video recognizes that a sudden huge increase in the value of a PM, indicates the dollar, pound, etc. just collapsed.

Great video. Events in the US are unfolding exactly as Mike Maloney said they would back in 2016 when he made episode 7 of 'Hidden Secrets of Money'. It's on KZread if you haven't seen it, but in a nutshell, my primary concern and justification for PMs is fear of rampant inflation, and the psychology behind why we are likely to see a broad scale deflation for a while, followed by extremely rapid hyperinflation.

The way I see it silver is not acquired to trade back into currency. In the world I'm waiting for precious metals becomes currency. The value of Fiat currency may rise and fall but in the end it's valued at 0. Precious metals have never been worth 0.

Its a messed up situation cause the reason it would skyrocket would be because economy has failed and the dollar is worthless so things would be really bad

@BackyardBullion

4 жыл бұрын

Yes indeed, it's going to be a mad Max scenario

@mirrored4055

4 жыл бұрын

@Cosmic Dissonance Gold and silver are noble metals. Both have uses in the industrial sector and health industries. They are not worthless but eventually could be replaced by new technologies. As far as the dollar goes, I had the best unforgettable steak dinner last evening and the restaurant excepted my cash.

I used to watch spot daily when it was under 16.50 an oz. now as it inches toward 18+ I look twice a week. I do ponder about now buying more generic rounds. I see silver maybe hovering around 20-23 and staying there for a good while

@BackyardBullion

4 жыл бұрын

Thanks for sharing your thoughts on the subject!

Learn a bit of Tech. analysis, and apply it to Gold and Silver.Can give you guidance on when to buy or sell,if that is your bag. I prefer to hold the metal and gamble for profits with the Jr. PM miners, like EXK,MUX,SSRM,AXU,AUY,HLSAND. SSRM was up 7.5% on 8/23, on a great rally. The little portfolio was up almost 5%, but I have no intentions of selling yet. When I do take a profit, I buy physical with the money. Who wants fiat? name of game is to get rid of it! Case of canned corn beef anyone? Skid of toilet paper? case of Peanut butter?

I heard you can by the same amount of stuff today as in the past with gold and silver. When Gold used to be 20 dollars a oz everything was dirt cheap. Is it the dollar that fluctuates not the gold or silver?

@BackyardBullion

4 жыл бұрын

Totally right, its the gold and silver that hold the value and fiat loses value.

I don't like JPMorgan.... I buy silver as tribute to my hero Nikola Tesla!

@BackyardBullion

4 жыл бұрын

Fair enough!

I watch silver prices daily so I know when to buy more.

@gregblack2628

4 жыл бұрын

Carol you spot price silver? Never understand. 10 cents really doesn’t matter in the big picture. I purchase certain items as close to the spot price as possible. I purchase others for their aesthetic value. Others for the number minted that year. The first, for resale in retirement. The second for the art. The third to pass on to my family and friends.

Another reason why silver will never shoot a hole in the moon. Is because people will think of "Cashing out" when see their silver being tripple worth. Hench inflating the supply and lowering prices on silver. This ofcourse does influate the industrial market aswell. Gold however which is much more stable, and not as commonly kept due to its high value. Which is more of insurrance, can steadily climb higher. Which it has, and has been increasing its gap to Silver. It is also not as "Cash out" thinking regarding gold. And it attracts investors/savers like the ring of Sauron.