Why you should NOT buy TOO MUCH silver!!

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Пікірлер: 595

  • @InternationalStacker
    @InternationalStacker5 жыл бұрын

    Too late, I’ve already started up the engine and am currently backing up the truck!! 😂😂😂😂😍😍😍

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Well, it is OK to do if you have a big enough truck I suppose!

  • @InternationalStacker

    @InternationalStacker

    5 жыл бұрын

    Backyard Bullion 😂😂😂😂😂😂🤓🤓

  • @bingoboy44

    @bingoboy44

    5 жыл бұрын

    I.JUST.PURCHASED...50.OZ.OF.SILVER..FOR.769.00DOLLARS....ITS.SO.CHEAP...IT.MAKES.ME.LAUGH...

  • @InternationalStacker

    @InternationalStacker

    5 жыл бұрын

    Bingo Boy Epic!!!!

  • @gateke1

    @gateke1

    5 жыл бұрын

    nice!

  • @gabrielchristus8092
    @gabrielchristus80925 жыл бұрын

    Just started stacking the other day, so far one ounce lol.

  • @aulderyan

    @aulderyan

    5 жыл бұрын

    It's a start - good job!

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    got to start somewhere!

  • @BuildThoseSkills

    @BuildThoseSkills

    5 жыл бұрын

    Gabriel Christus I remember my first ounce. It was a Johnson Matthey silver bar.

  • @gabrielchristus8092

    @gabrielchristus8092

    5 жыл бұрын

    Dave J Mine is a Sunshine mint 1 oz bar.

  • @Albert-pm1uv

    @Albert-pm1uv

    5 жыл бұрын

    Better late than never! Get what you can now.

  • @ozarkprepper1718
    @ozarkprepper17185 жыл бұрын

    You guys can back up the truck all you want. Im loading the barge.

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Sounds like a plan to me.

  • @bobhill5791
    @bobhill57915 жыл бұрын

    It's taking a lot of restraint not to overspend this week in particular. Good topic and video as always.

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Keep at it - it is always good to be restrained.

  • @mysilverandgoldcollection4425
    @mysilverandgoldcollection44255 жыл бұрын

    Love your Video Makes Complete Sense Buying with Responsibility

  • @TheCornSnake22
    @TheCornSnake225 жыл бұрын

    Very sensible as usual, nice video, looking forwad to silver mountain. Keep up the great work

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Thanks my friend!

  • @rogcav2008
    @rogcav20085 жыл бұрын

    Very good info for a starter like myself. Thanks

  • @seanadkisson582
    @seanadkisson5825 жыл бұрын

    Ive been waiting 2 years to get into stacking and i think its the right time for me. Only got my 30 oz so far but ill probably buy again wether it goes up or down.

  • @Boatright

    @Boatright

    5 жыл бұрын

    I started stacking in Oct of 2011, a little here, a lot there. Doesnt matter the price, I still buy and stack. Over time the cost averages.

  • @hugostiglitz4215

    @hugostiglitz4215

    5 жыл бұрын

    Your goal should be at least 100 oz of silver, remember to purchase United States 90% currency, don't worry about numismatic or extra fine condition, just by dirty Old United States 90% currency because it will be recognized as 90% pure silver. Focus on pre-1964 dimes, quarters and half dollars such as Franklin's and Kennedy's, Walking liberty halves. That is fractional silver, it's very important to have a good amount of fractional denomination.

  • @sharkair2839
    @sharkair28395 жыл бұрын

    Thank you for a sober and well thought out topic. Very well said. You bring up a very important concern. What happens if you are forced to sell? I see a lot of comments on how people say “I’ll just hold on to my silver until the price goes up” There is the distinct possibility that it could be a very long time. One needs to be wary of fellow you tubers telling you to “load the boat”… do they know you? Why are they so eager to help a poor stranger? There are several good reasons to buy and hold silver. Some fool on the internet telling you to load the boat is not one of them. There is always risk.

  • @discodilip2000
    @discodilip20005 жыл бұрын

    Good advice which can apply to all kinds of investments.

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Yes indeed - thanks for stopping by!

  • @DeathChild7
    @DeathChild75 жыл бұрын

    That is SWEET and a dream of mine to buy 100oz bar but I have to save up. Thank you for sharing.

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    It is pretty amazing for sure!

  • @WhyNotEnter
    @WhyNotEnter5 жыл бұрын

    Nice video, bro 👍

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Thanks!

  • @steven2212
    @steven22125 жыл бұрын

    Subbed. New to stacking, love your pieces and great vids. Silver is really low, great time to buy and save.

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Thanks for the sub my friend, appreciate you stopping by! If you fancy and hand poured silver just give a shout!

  • @StackerNoobUK
    @StackerNoobUK5 жыл бұрын

    Gorgeous gorgeous spread there. My heart is actually bursting! I bet that was fun to hold and play with (dont pretend you didnt have a proper private fondle). In terms of the current price, I'm pretty sure Ill be ordering a tube of something next, which is a huge purchase for me. Im 50/50 between Britannias and Libertads though!

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    I love that table candy. But trust me it is going to get better - wait until next week.

  • @AgDUK

    @AgDUK

    5 жыл бұрын

    Stacker Noob UK I say go for the libs 😁😁🤣🤣 but that's only because I love them but my sensible head says the brit's for the long term CGT

  • @StackerNoobUK

    @StackerNoobUK

    5 жыл бұрын

    Well since Ive found the libs on the cheap, I might just have to!

  • @killerzen17
    @killerzen175 жыл бұрын

    I'm stilling buying silver, but not any more than I did a few months ago. I was lucky on my last order I waited a few days and saved a few dollars with the prices going down. I've grown to see stacking as a decent hedge against inflation. The more my humble stack grows the better I feel about what I'm doing. Though, my sights lately have been on fractional gold queens beasts. Thanks for the video friend keep up the good work, definitely excited for 2000 ounces lol.

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Slow and steady is the way to do it. The 2000 oz is going to be insane.

  • @dawsonweber99
    @dawsonweber995 жыл бұрын

    This is a way better alternative to a savings account. The fact that you can get your silver out and admire it makes it even better.

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    I agree totally

  • @nicktaylor5952

    @nicktaylor5952

    3 жыл бұрын

    Yep

  • @hugostiglitz4215
    @hugostiglitz42155 жыл бұрын

    Love those matte finish silver bars, I'll be in touch soon BB

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Sounds good buddy, I hope you had a great 4th July! I have updated my shop now so you can see a full rundown of everything we have for sale! backyardbullion.com/product-category/all-items/

  • @wangchuk67
    @wangchuk675 жыл бұрын

    Buy buy buy. I'm just excited to go to first coin show next month.

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    I love going to coin shows!

  • @billygagne2139
    @billygagne21395 жыл бұрын

    Yeah IM just gonna keep Buying and buying and buying a then use my spot price yet with all the companies so I was waiting for this Time of the big buys . Cheers B YB

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Pleasure as always Billy!

  • @paulbunyun-xi9by
    @paulbunyun-xi9by4 жыл бұрын

    i just max out my credit cards to buy silver

  • @batloteqa27
    @batloteqa275 жыл бұрын

    Bought gold and silver. Holding it for long long term. My grandma bought a bunch of gold back when it was dirt cheap. Now shes 90 and have a million left in gold

  • @hawaiivolcanosquad3322
    @hawaiivolcanosquad33225 жыл бұрын

    I bought a few 2018 Kookaburras yesterday & a Queen's Red Dragon. Like the artwork.

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    They are both great designs in my opinion!

  • @jdssurf

    @jdssurf

    5 жыл бұрын

    They are cool, but be careful cuz if time comes that we are using silver to buy things and such, the art work won’t matter. In the mean time they are collectible though.

  • @LightUp2020
    @LightUp20205 жыл бұрын

    Thank you it was good info I just bought 40 1 gram bars for 667 from jm bullion. I'm on your side about the coins being better

  • @LordoftheJamesClan
    @LordoftheJamesClan5 жыл бұрын

    I just diverted the money I usually put into stocks into silver.

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Evidently you feel it must be a good bet!

  • @jahllanjustitia
    @jahllanjustitia5 жыл бұрын

    Platinum is really low now so I might try some of that to diversify my stack.

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    It is very low indeed - but it might never recover as the main industrial use for it (automotive) is basically dead in the water.

  • @MrMrfamilyguy01

    @MrMrfamilyguy01

    5 жыл бұрын

    And why would platinum be preferable to silver ?

  • @jahllanjustitia

    @jahllanjustitia

    5 жыл бұрын

    It is also at a low and may outperform silver if you need to sell sooner. For example, I had a 1 oz. palladium coin I bought for $383 and was laid off two years later and silver was down considerably however palladium was double the amount and I was able to sell it for $780. Regardless, I never said platinum was preferable, however, diversification is preferable over one single metal.

  • @silverbeancounter
    @silverbeancounter5 жыл бұрын

    Metals are definitely NOT for short term gain. For me they are a long term hedge against inflation and an economic safety net. Besides, it isn't low enough to back up the truck. 🚛

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Couldn't have said it better myself.

  • @baronsprout4927

    @baronsprout4927

    5 жыл бұрын

    Silver Bean Counter when is it low enough my truck is itchy

  • @coyrandolph3855

    @coyrandolph3855

    5 жыл бұрын

    Too true! Free is when you back up the truck.

  • @silverbeancounter

    @silverbeancounter

    5 жыл бұрын

    Coy Randolph that ain't gonna happen. The PMs don't go to zero.

  • @IndianOutlaw1870

    @IndianOutlaw1870

    5 жыл бұрын

    Silver Bean Counter I Mining costs rise every year. These prices are insanely low.

  • @kenfranke586
    @kenfranke5865 жыл бұрын

    You know me, if I can't afford it I don't buy it! Good morning my friend:)

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    A very wise strategy my friend.

  • @markbass354
    @markbass3545 жыл бұрын

    good info B.B. but I have no bars , maybe I should max out my card , maybe not hmmm. It's very tempting I must say.

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    It is tempting, but I would suggest not maxing out a card!

  • @davidrandall4446

    @davidrandall4446

    5 жыл бұрын

    NO!!! Pay off debt first. Buy food and weapons and water filtration. Then, go form there. Bug in? Bug out? Portable money=gold...

  • @andyu5596
    @andyu55965 жыл бұрын

    I've been stacking awhile and did take advantage of these slam downs. Anyone considering to get some..... it's a good time now.

  • @nickbyrne1962
    @nickbyrne19625 жыл бұрын

    Sound advice!

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Thanks my friend!

  • @james-br2gm
    @james-br2gm5 жыл бұрын

    Those are nice Baird bars. Seems nuts to pay 20% VAT when folks across the pond can get a much closer price to spot though.

  • @marcgraham6438
    @marcgraham64385 жыл бұрын

    It’s great insurance no one believes me all my friends family nobody.

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Dont worry about what they think, as long as you are happy that is all that is good

  • @marcgraham6438

    @marcgraham6438

    5 жыл бұрын

    Backyard Bullion Thanks!... that’s what I’m doing. My daughters know I’m right they have investigated it on their own, so that’s what matters too me.

  • @phx4closureman

    @phx4closureman

    5 жыл бұрын

    I believe you. Think "Noah's Ark" 😲😲😲😲😲.

  • @7thfloorisnomoreq790

    @7thfloorisnomoreq790

    5 жыл бұрын

    Ignore the naysayers. Those who are willing to take a risk will prevail.

  • @carlosmatos9848

    @carlosmatos9848

    5 жыл бұрын

    Ask your family members if they'd rather stack a tangible asset like silver or fake paper money in a savings account that is constantly losing 2% of its value annually through inflation (although the bank will tell you it's earning .25% interest, lol)

  • @jikjik7830
    @jikjik78305 жыл бұрын

    I'm waiting for move till 10, but will buy maybe when it will be reaching under 13/ounce. If premiums will be high, I will add on vault, where the prices are closed to market prices.

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    I don't think it will go lower than 12 or 13. Only time will tell.

  • @markdagley4213
    @markdagley42135 жыл бұрын

    The up side is great; the down side is low. Just don't over extend yourself so you have to sell before you want to.

  • @silverstanger1103
    @silverstanger11035 жыл бұрын

    I agree with what you said only buy what you can afford, but if you have a little extra fiat to spend then go for it.

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Completely agree - dont overspend!

  • @Mark-fq3sv
    @Mark-fq3sv5 жыл бұрын

    I am hoping to get a bigger order on the next group order with you, I would LOVE to buy bars but the tax is a killer so I am planning on getting 10oz coins and maybe even a 1kg coin on next group order for my unboxing videos.

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Good stuff - love it when someone buys kilo coins!

  • @fisherman3277

    @fisherman3277

    5 жыл бұрын

    How does one get in on a group order?

  • @coyrandolph3855
    @coyrandolph38555 жыл бұрын

    Interesting to me the way you ask your question. I have often questioned this. Today we have apps that quote the going spot. If things revert to barter, what will govern value? The going rate at the fall? It would all come down to scarcity, surely.

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    It is an important thing to think about if you are investing in metals.

  • @shinypackage8789
    @shinypackage87895 жыл бұрын

    I am not going to go nuts with the price drop just keep adding here and there when I can, slow and steady wins the race. A great topic today my friend : ) I appreciate you

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Wise idea - thanks for stopping by!

  • @richardbarnes6530
    @richardbarnes65305 жыл бұрын

    Buy as a hedge with a possibility of doing pretty well. You can only lose 1-2 dollars or so per ounce and the mines would have to shut down. Bellow 13 or so? Its at 15 now. Looks like Ill go for the hedge.

  • @macclark4112
    @macclark41125 жыл бұрын

    Sure feels good that everyone here is behind the curve. In the early 90’s Silver sold for $3.50 to $4.00 an ounce. At that time my P.M. Dealer didn’t charge a premium over spot. I went all in then and never looked back. Today my stack remains just as it had then without the Debt attached. It was apparent to me History would soon again repeat itself. This time the difference is Debt is well beyond the Stars in not just America but the World. In fact due to the Derivative Markets the true Debt is masked. Places like Chicago are borrowing 10 Billion in Bonds to cover a short fall in their Pension plans. People who have personal debt live in homes that are far beyond their means. Robbing Peter to Pay Paul is the game plan for 80% of American’s. Once this Derivative Market burns down it will create a Vacuum. Absorbing all Net worth across the spectrum of Markets. Yes that includes all Pensions, 401k’s, in which case the Banks will call in all paper. We are going to witness the complete absorption of any and all instruments of debt. The only remaining wealth will be true Wealth without debt attached. Take it from there and then do as you see fit.

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Thanks for the info and insights, very interesting

  • @adgasdggfg

    @adgasdggfg

    5 жыл бұрын

    what is inflation?

  • @dondesnoo1771

    @dondesnoo1771

    5 жыл бұрын

    Sold 1/3of my 4-5$junk s. At26x face made remaining free .ibuy 20$ paper for silver monthly my lcs gives me incredible condition junk as he hates to send to melt.as do I. Also save small clad dollars at face always spendable not fed wallpaper.😎

  • @InItForTheParking

    @InItForTheParking

    5 жыл бұрын

    Not everyone is in their 40s-50s so to say they are "behind the curve" isn't really a fair assessment. Heck, for a lot of people, if not a majority since most older folks are done investing, are currently in the apex of the lowest prices they have ever seen since they had the ability to buy. My real question would be that if you bought at 3-4 for years in the 90s and early 2000s...why are you not filthy rich now after the 2011 peak? I mean even if you didn't catch the peak that would have still been almost a 10 fold return. Any investor would be ecstatic about a 1000% return over 10-15 years. Given the history of silver spikes, you are unlikely to see it spike like that again in your lifetime.

  • @websiteanimex

    @websiteanimex

    5 жыл бұрын

    One question brother. The debt!! The dept to who exactly? Who is the specific organization or person loan the money to the world? Cannot just that particular organization forget about our debt to them and economy wont cripple for the sake of everyone. Why is it so hard to loan shark to make charity. Because they are rich.

  • @joeyp4099
    @joeyp40995 жыл бұрын

    I recently purchased a 50 ounce bar but I’m wondering if it’s going to be a hassle if I should just exchange it for a bunch of 1 ounce coins

  • @bobsilver3983
    @bobsilver39835 жыл бұрын

    I have not bought silver for about 5 years, but now I buying every two weeks! Also when I sell some of my acreage next month, I may buy a few thousand ounces.

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    It is very cheap at the moment!

  • @rebar33

    @rebar33

    5 жыл бұрын

    Means you are way down in the red.

  • @bigwo56

    @bigwo56

    5 жыл бұрын

    keep in mind, there is a FINITE amount of land, and it almost never depreciates!!

  • @Ronbo710
    @Ronbo7105 жыл бұрын

    And in July 2019 the price is REALLY the right time :D !!

  • @Fischar99
    @Fischar995 жыл бұрын

    Well i'm in for the long term in silver, 15-18 pr Oz is still cheap imho considered what's comming soon in regards to the whole financial situation world wide.

  • @AgDUK
    @AgDUK5 жыл бұрын

    Great topic my friend I will just wait and see where the price goes for the rest of the year as I think (don't hold me to that lol) that I've got my silver goals this year so working on my 1oz of gold in sovereigns so any other silver is a bonus. And can't wait to see what else the mystery person has ordered

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Cheers fella - silver goals by September, good stuff!

  • @kevinpattrick2304
    @kevinpattrick23045 жыл бұрын

    Silver is great just a warning, when preserving silver coins and bars ammo boxes are airtight and excellent just make sure they are american made. The chinese are fine but they dont hold water out just a note. Also when preserving never use rubber bands when preserving the rubber residue makes a black line on silver and its very very hard to get off, rubber residue goes through airtight plastic as well never use rubber bands. Vacume sealers are awsome for long term usage and sticking in ammo boxes are best in my opinion. Thankyou and have a great morning all

  • @shekatagani
    @shekatagani4 жыл бұрын

    Prices go up and they go down....But hold it long enough and it will go up!

  • @Steadfastpreparedness
    @Steadfastpreparedness5 жыл бұрын

    Instead of adding a truckload of silver this month I’m investing in a little gold to diversify.

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Good idea.

  • @oleg296
    @oleg2965 жыл бұрын

    Stack all and keep on the bell will ring one day!

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Yes indeed!

  • @DutchSilverStacker
    @DutchSilverStacker5 жыл бұрын

    ive bought almost half an oz of gold and also a tube of maples just because its so low atm ;)

  • @ZXC_ZXC1
    @ZXC_ZXC15 жыл бұрын

    First decide how much money you want to put into metals. If it's large like $50K you should consider gold instead of silver as it takes up less room to store and the purchase premiums are lower. While Baird and Geiger silver bars are cool to own they seem to have about a 10-20% premium over spot making them less desirable than the 2 oz queens beast series.

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    I agree totally.

  • @jimmydoherty9576
    @jimmydoherty95765 жыл бұрын

    Where should I be buying my silver? I'm currently going to local pawn shops seeing who has the best over spot price.

  • @macclark4112
    @macclark41125 жыл бұрын

    I had that much in 72’ when I was 14 years old.

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Good for you!

  • @BZHprepper
    @BZHprepper5 жыл бұрын

    Bought 68oz of New Zealand Owl's and Philharmonique's for just over 14€ an oz.

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    They are great little coins and great prices.

  • @kotanagant9768
    @kotanagant97685 жыл бұрын

    Nice bars

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Thanks!

  • @dynomania
    @dynomania5 жыл бұрын

    Damn the poorly Australian dollar. Murphy is definitely having some fun at our expense.

  • @TOONZiTO
    @TOONZiTO5 жыл бұрын

    don't go into debt, if you got the extra cash go buy it now! the name of the game is diversify.

  • @TheFeralBachelor
    @TheFeralBachelor5 жыл бұрын

    I'd like to buy more because as I watch this video I am watching the price of silver creeping up. I have put myself into enough debit over other things and wish I could put those credit card payments into silver. But for now, I get what I can get. I will say, if I had more liquid assets I would be backing the truck up.

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    It is a good move only if you have the spare fiat to do it.

  • @Tony-dh

    @Tony-dh

    5 жыл бұрын

    Hindsight. You are on the right path now. Similar for myself, purchases, do i really need it, better to think ahead for the future, which i want it to be better, more freedom in this world where freedom is vanishing fast with new laws and constraints. Financially free. People waste shit loads of money on silliness. Going into debt for overseas holidays and a new car etc when the old one is good and you can have just as much fun having a holiday at home.

  • @shorts.amsterdam
    @shorts.amsterdam5 жыл бұрын

    Why wait to buy ? The silver sellers will put a higher premium on the silver , when it goes lower than 14.50 $ , like they did in 2008 , if the price goes up quick , you missed the boat .

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Dont buy too much is my message here. Only buy what you can afford.

  • @shorts.amsterdam

    @shorts.amsterdam

    5 жыл бұрын

    BB That goes for everything , do not spent what you can not afford . Be smart with what you can afford and that is buying silver at these prices .

  • @wetness2136
    @wetness21365 жыл бұрын

    I just turned 20 and don't have many expensive although my job isn't the highest paying I want to know where I can get the best prices online I have a few ounces but I want to really increase my stack at a good price

  • @waynehoffmann6425
    @waynehoffmann64255 жыл бұрын

    Make a video on the best place to Sell your silver

  • @Unakanon
    @Unakanon5 жыл бұрын

    Every british youtuber: Skip through the first 3 minutes of apologies.

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    What are you talking about?

  • @southbayrickybobby5820
    @southbayrickybobby58205 жыл бұрын

    No shit? Glad I found this out at the end of the year

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Well, better late than never I guess!

  • @CHAD-RYAN
    @CHAD-RYAN5 жыл бұрын

    Where can you sell silver on spot When you need to sell it

  • @junkman2758
    @junkman27585 жыл бұрын

    I buy every 5th payday regardless of current price. If the price drops I just keep buying. I don’t ever plan on selling. But will trade for goods and services.

  • @oleg296
    @oleg2965 жыл бұрын

    The more it goes down the better ill buy more!

  • @sherabnamdhak6485
    @sherabnamdhak64855 жыл бұрын

    I have buildings insurance in case my walls fall down then again I live in a church so I have the man on my side. Lol.

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Sounds like you are all sorted then!

  • @gregorystephens8785
    @gregorystephens87855 жыл бұрын

    Here's the thing, most people wait till it's dropped to buy at cost. But, if you really want to invest, you want to wait for it to shift up @ buy over cost and then when it hits a high point, a really good high point then sell and then you can double or tripple and then you start reinvesting, and i don't buy alot at a time or buying that much and i keep my portfolio at %100 at apmex. Cause your investing, not buying unless you do just want to buy and then what's the point unless you melt it down and plan on Armageddon

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    That is a pretty hard strategy to do - but can work.

  • @Kungs.
    @Kungs.5 жыл бұрын

    What percentage above the spot price do you pay for this bullion? Coins seem to be at least 30% above spot price.

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    These bars were a premium because of UK Tax (VAT). We can buy from Europe (for the next 16 days anyway) at about 15% over spot.

  • @charlesthompson4760
    @charlesthompson47605 жыл бұрын

    It will defiantly go up. Mining cost is at break even , But it will never see gold prices , They will just increase production

  • @Charltonhayes
    @Charltonhayes5 жыл бұрын

    good luck getting it anywhere near 8 or 10 even if spot is below that, it does not behoove them to sell below 12

  • @zacharymaes9404
    @zacharymaes94045 жыл бұрын

    I am very new and I can only buy a couple oz a week as I’m trying to kill my debt first. Up to 77 oz currently and it’s killing me because I just want to load up with the prices being good. I do not see going above 10oz bars though as I would like to stick with lower oz bars and rounds. Easier to break up in my opinion. What do you guys think

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    I think that having smaller denominations rather than one 100 oz bar is a good idea. Keep it so you can split it up if you need to.

  • @michaelautry7906

    @michaelautry7906

    5 жыл бұрын

    Any coin and precious metal dealer worth their weight in salt Peter can cash in on a 100oz.bar. Besides your paying more for the smaller stuff.

  • @khankrum1

    @khankrum1

    5 жыл бұрын

    I am a pensioner living in Europe,so I buy a little at a time like yourself. I will say that I can not speak about the USA but I find that bars once for ounce seem to cost more than generic coins. But at the moment 10 oz Queens beats from Euro Mint seems to be a good buy at the moment for me to purchase. Britain is a flat bust, over priced, and over taxed. Better buy in the UK is gold. Even in small amounts, Britannia's are the best.

  • @popsbubbles1242
    @popsbubbles12425 жыл бұрын

    It's interesting topic but we must look into the cost of production to understand where the price may go ...all the experts I listen to in the mining community seem to say prices below 14$ would be hard to sustain for the primary miners For the secondary miners their production is slowing as base metal demand has fallen but obviously they are not as bothered about price as they are pulling copper zinc lead etc as their main concern. So my opion 13.75 -14.50$ Is an excellent buy range But as pointed out the low £ Does not gift the best returns...the international bankers are going to keep pressures on the pound as Brexit was not in the play book. Either way if your new to stacking you are getting in at a good time

  • @jamiesilva3575
    @jamiesilva35755 жыл бұрын

    WOOW!!

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Yes indeed!

  • @Albert-pm1uv
    @Albert-pm1uv5 жыл бұрын

    I agree 100%. What I hear is that the best thing to do is to buy what they call "junk silver". These are pre 1964 circulated coins either silver dollars, half dollars, quarters or dimes. Besides which, I believe nickels are worth more for the metal than $0.05. The problem is it's illegal to melt them down so you really might as well spend them well it's still worth a nickel. LOL.

  • @ultimatehandyman
    @ultimatehandyman5 жыл бұрын

    Am I missing something here? In the video you said that you could have saved the guy £150 due to the price drop. But you seem to be in the UK where silver is sold plus VAT at 20% which would mean he could have bought the silver on the table much cheaper in the US (although not Baird bars).

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    He wanted Baird bars specifically.

  • @ultimatehandyman

    @ultimatehandyman

    5 жыл бұрын

    Thanks for the reply ;-)

  • @NeoAndersonReloaded
    @NeoAndersonReloaded5 жыл бұрын

    I like the way they look. Better than buying new pair of jordans

  • @DutchSilverStacker
    @DutchSilverStacker5 жыл бұрын

    there are also a lot of people that buy silver because its beautifull so you can get the same money as what you buy it for it will only take a longer period to sell so if you sell take the time for it ;)

  • @kevinw9073
    @kevinw90735 жыл бұрын

    Right now silver is for the most part, below production cost of many miners. I have been buying since 2008 because nothing was fixed. You by silver and gold as a hedge against the debt, because THE DEBT will never be addressed...PERIOD. With that being said I now buy silver ONLY when it dips or is beat the hell down. I sleep well now. Just "stack and don't look back."

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    You have the same lookout as me - thanks for the comment!

  • @kevinw9073

    @kevinw9073

    5 жыл бұрын

    "Great minds think alike." Keep up the good work.

  • @phx4closureman

    @phx4closureman

    5 жыл бұрын

    Me, too!!

  • @kevinw9073

    @kevinw9073

    5 жыл бұрын

    Great minds always think alike.

  • @teatowel11
    @teatowel115 жыл бұрын

    I made my first purchase in over a year. Just 20 oz, if it goes lower I will be happy and buy more. In Australia the opportunity to buy silver this cheaply has only occurred a handful of times in the past 10 years. Silver could go a bit lower but it is hard to pick the bottom, my view is it is at a good price now. Having said that if stock market continues as it has done then silver will need to double in price just to cover the opportunity cost of forgoing an active investment. So I won’t be keeping all my savings in precious metals. The silver to gold ratio is far too high to consider gold instead of silver at the moment with a higher potential for large losses in gold. *edited, 20 years to 10, typo*

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Thanks for the comment - interesting insights

  • @teatowel11

    @teatowel11

    5 жыл бұрын

    Backyard Bullion Thank you for the video sharing your thoughts.

  • @MrVictorchase
    @MrVictorchase5 жыл бұрын

    No one ever seems to remember that nearly 50% of Silver demand evaporated when digital photography took over. Photos including x-ray plates used to need silver. That's a lot of lost demand. Solar PV and Ethelene oxide are really the only potentially big new markets since then.

  • @ioccatonyz1
    @ioccatonyz15 жыл бұрын

    When your truck is empty now was a great time to put silver into it.

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Well I suppose so!

  • @goldentrucker7921
    @goldentrucker79215 жыл бұрын

    I just stopped buying silver. Only because I feel like it might get lower than current price. Maybe even go down to $10. I just been picking up small amounts of gold. Two and a half gram ,5 gram' and 10 gram bars now. My silver stacking is currently at a pause. I even sold a couple of items that I didn't particularly care for too much on eBay.

  • @MilledSteel

    @MilledSteel

    5 жыл бұрын

    Ya, if stocks start to crash, it may briefly send AG to around $10. I'm nibbling for new pickups at current prices. But, this may have been the low.

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    It could easily go lower for sure. Nobody knows. For me, I am buying all the way down the curve.

  • @adgasdggfg

    @adgasdggfg

    5 жыл бұрын

    at this insane gold:silver ratio ? Good luck.

  • @goldentrucker7921

    @goldentrucker7921

    5 жыл бұрын

    @@adgasdggfg yes my stacking is currently on hold ,because I do believe that prices will get lower. And when they do I will do a bulk buy like I normally do. Now I'm very interested in buying rental properties at the moment.

  • @testpassion1338
    @testpassion13384 жыл бұрын

    Just started stacking in Nov 2019 and I have 8.66 ounces of coins 5 *1 oz limited editions. Just 1g of gold. Plan to accumulate 1.5 oz every month like an SIP. Hoping this is a good strategy.

  • @BackyardBullion

    @BackyardBullion

    4 жыл бұрын

    Nice, good way to think of it. Its a SIPP without the burden of not being able to touch it until you are 57!

  • @robertkubrick3738
    @robertkubrick37385 жыл бұрын

    I'm more or less brand new to silver. I bought 180 1oz rounds @ $15.20 as a sort of hedge against disaster. I bought the poker chips like stackable rounds because this may be in my family's possession for 100 years or more. Regular coin type rounds might have save me a few dollars. I see silver as more of a hedge. I have far better investments.

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    There are indeed lots of better investments out there.

  • @adgasdggfg
    @adgasdggfg5 жыл бұрын

    Buy the damn silver for less than 15$

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    It is undoubtedly a good time to buy

  • @Psyberify
    @Psyberify5 жыл бұрын

    I disagree. Everyone on earth should try to buy 100 oz. Right now.

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Considering 70% + of the population of the planet cannot buy 1 oz of silver how does that work?

  • @Psyberify

    @Psyberify

    5 жыл бұрын

    I said try. I’d love to see a run on precious metals.

  • @Psyberify

    @Psyberify

    5 жыл бұрын

    Everyone gets a ton of silver. Better start digitizing more currency.

  • @adgasdggfg

    @adgasdggfg

    5 жыл бұрын

    Start with a single ounce. Or half. Or a quarter. Or even a gram. The march of a million miles starts with the first step.

  • @StopStrugglingNow

    @StopStrugglingNow

    5 жыл бұрын

    you will not see a run up on silver/gold precious metals, they are being manipulated also. When the stock market goes down, they will make sure precious metals drop as well to stop people from dumping their stock money into pm's or allowing them to withdraw from bank to buy pm's. This is why they have those paper silver/gold dollars on standby to flood the market, most people won't realize the difference between paper gold/silver vs actual gold/silver

  • @derperderp9036
    @derperderp90365 жыл бұрын

    How can I buy at spot??

  • @rottweiller8759
    @rottweiller87595 жыл бұрын

    Sliver hasn't beaten inflation gold as silvers been flat

  • @vishnunot7920
    @vishnunot79205 жыл бұрын

    back, back, back it up back it up

  • @Lorespade
    @Lorespade5 жыл бұрын

    I am still watching the ad. but i am seeing alot of trucks backing up in the comment section should i skip the ad?

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Yep, lots of people backing up the truck!

  • @harryzero1566
    @harryzero15665 жыл бұрын

    Compared with any other commodity, silver is the most undervalued store of value. I used 'value' twice deliberately. Silver is also more readily available to anyone who has spare money in the bank. If you find gold a little bit out of reach, take comfort in the fact that it's most unlikely that silver will be disregarded as a precious metal. My personal opinion is that you should make your first choice of silver coin, in the denomination of your particular country. If you go into debt to acquire silver, you need to add the interest of that debt to the cost per oz of all the siver of your stack to get a true cost of your stack. If you begin to live amongst a hyperinflatiing economy, forget the calculations and feel a wash of self-satisfied smugness before you go to sleep.

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Silver is still a risky bet - no sure fire way to earn a lot of money if any.

  • @harryzero1566

    @harryzero1566

    5 жыл бұрын

    @@BackyardBullion I just see it as a way of storing something that has been produced from the energy of the past and not just from a promise of the energy from the future. I have a very strong feeling that Solar energy and viable storage systems will be the other side of the silver coin.

  • @harryzero1566

    @harryzero1566

    5 жыл бұрын

    @@BackyardBullion when I have any significant currency if I don't buy something I might need, I'm likely to buy something I don't need. It's not about earning money.

  • @johnbudday6942

    @johnbudday6942

    5 жыл бұрын

    harryzero 156 in

  • @silverstacker5994
    @silverstacker59945 жыл бұрын

    Told you so.

  • @yh766
    @yh7665 жыл бұрын

    2018 Great Britain 10 oz Silver Queen's Beasts The Dragon

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Ok....

  • @BusyBeeCompany
    @BusyBeeCompany5 жыл бұрын

    I'm just putting tube of eagles and finishing my britania set right now....the brits are not cheap...could buy 10 eagles for a bu 1997 britania.

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Ouch, that is an expensive britannia!

  • @BusyBeeCompany

    @BusyBeeCompany

    5 жыл бұрын

    A full britannia set on ebay right now wanting $800...and some 1997's for over $300.

  • @robertkubrick3738
    @robertkubrick37385 жыл бұрын

    I do have some disposable income and would like to own a big bar for the cool factor. How big do bars get?

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    I have seen 1000 oz bars before.

  • @robertkubrick3738

    @robertkubrick3738

    5 жыл бұрын

    @@BackyardBullion - Thanks. I looked around and saw a 1028.6 ounce bar. That would make a good coffee table.

  • @__BERSERKER__
    @__BERSERKER__5 жыл бұрын

    LOL, went into the pawn shop in my neighborhood. The brought out 2 tubes of the Queens beast dragon of wales 2 oz rounds. MINT. I asked how much. They said spot plus sales tax. LOL. They sell for $50 each. Im going back tomorrow to take them all.

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Buy them all!

  • @__BERSERKER__

    @__BERSERKER__

    5 жыл бұрын

    You wanna work out a trade on one of those tubes? It'll be like 307.40 plus shipping

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    Sadly I would have to pay an extra 20% tax when they were imported to the UK!

  • @ethanlee3545
    @ethanlee35455 жыл бұрын

    Hey there :) I'm new to collecting silver for investment , may I ask where you buy your solve from?

  • @BackyardBullion

    @BackyardBullion

    5 жыл бұрын

    I buy my silver from: www.europeanmint.com/

  • @hugostiglitz4215
    @hugostiglitz42155 жыл бұрын

    BB, if you read the book Behold a Pale Horse by William Cooper he explains how the price of silver will probably go down to 3 to 4$ per troy ounce, this will cause a major panic and a major sell-off from people who hold silver on the commodities Market. Millions of ounces will be sold, then the establishment will buy it all back for pennies on the dollar. One important thing for everyone in this room to know is never ever sell your silver for paper, that would be the biggest mistake. Just keep your silver no matter what the price is, in fact don't even look at the price of silver, it's insignificant. The reason we buy silver is to hold it until the black market emerges for barter and trade. Everybody should buy the book "Behold a Pale Horse" written by William Cooper. 97% of his predictions came true including 911, he predicted it three months in advance.

  • @blakeanderson2889
    @blakeanderson28895 жыл бұрын

    How much silver can you carry when you must escape?