The Empire Precious Metals channel is about preserving and building wealth by purchasing silver and gold bullion. This channel focuses on precious metals and collectibles, and is for people who want to learn more about collecting.
DISCLAIMER: I am not a financial advisor. I do not provide personal investment advice. I am not a qualified licensed investment advisor. I am an amateur investor. All information found in my videos, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and is not personal investment advice. The information provided is believed to be accurate but may include inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you view/read.
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Here's a quick primer on what's wrong and what to do about it. ALL fiat currency is debt, that's the only way the Central Banks make it, whether through government bondage note, or private bank loans. Bankers have developed four practices that are unsustainable and catastrophic. If we dont understand the causes of a problem we will address the symptoms or actors, not the causes. 1st. Large private and Central banks have obtained the Exclusive franchise to create ALL new Currency as Debt, at interest. An increasing population needs an increase in currency, but it is ALL created as a debt to the Central Bank, bearing interest. This indebts the whole world, every person, every government, in totally unpayable debts, ( because where can the interest come from) enslaving us all to bankers through personal debt or ever increasing oppressive and unjust taxation, permits, licences, registrations, regulations, rates, duties, fees, fines, levies, surcharges, adinfinitum, of which an increasing volume goes straight to the debt creators, who created it for free. (At zero cost to themselves.) 2nd. Because of the first fault, (wherein a Central bank has the Exclusive franchise to create ALL new money,) and they attach interest to it, (which they do not create) they must continually create more currency to pay the interest on the last round of debts and to resupply liquidity as debt repayments suck the last round of currency they created out of the national economy. The volumes of the booms and busts of 'credit cycles' are totally unnatural and the economy should follow population growth. Inflation, (or rather, devaluation through deliberate currency oversupply,) is destructive to all but the rich. There is virtually no limitation on fiat currency creation. Because successive governments have abrogated the peoples right to create their own Sound debt free money, the state also sponsors inflation by borrowing and spending, 'stimulus ' in the vain hope that they can 'create wealth through debt,' and inflate away past and present debts with NEW DEBT ! 🤪🤪🤪 This robs the people under their very noses. Adding to this is fractional reserve banking wherein private banks effectively create massive new Currency volumes, (but its only temporary because it's all debt) blowing bubbles (in housing/CRE/stocks) which devalues everyone's savings, work, 401k & pension, by raising all prices. (Which don't return to their former level when inflation reduces, the rate of increase simply slows down momentarily. ) We call price increases inflation, but it's really devaluation of your savings, time, work and while corporations do add to inflation of prices, they generally are Not the primary drivers of inflation. Attacking corporations is becoming side tracked. Shrinkflation further adds to our reduction and desolation as companies attemptto make the same or more profits than last year. (Did you know the only time our society gets some real new Currency ? It's when someone goes bankrupt and can't repay the banks what they borrowed. ) The fix ? The first step is to end Central Banks and return to Sound Metalic Money. This will slow the rate of currency creation and make it much more difficult to devalue our wages and savings by currency 'printing.' The 2nd step would be to legislate that banks publish their reserve ratio. So if they have $100 million on their books in deposits, and $50 million in loans, that's a 50% reserve ratio. We could legislate a reserve ratio, and by openly publishing this people can choose the risk level they are willing to take. Along with this we need to legislate an industry to home loan ratio. This will change banking and we need to change banking, because it is destructive. The banks wont be able to make as much, and that's a good thing. We need to make money anything the people want, but legal tender must meet Metalic standards under the office of weights and measures, and national and state treasury departments and mints could produce and release real intrinsic value Money. This will not create inflation like some bankers and their economists would have you think. It is not who creates currency that drives the Constant devaluation of your work & money, it is THE VOLUME per population/ productivity. The banks increased the base currency supply by over 65 % since March 2020 & 300% since 2008. This has been greatly multiplied as deposits were rolled back into real estate loans creating bubbles, which further lever up equity to back more loans. You can't spend it off planet, and we've had no increase in population or productivity. How can it not devalue our savings, wages and retirement funds by a similar % as it enters the economy ? 3rd problem. Fiat currency whether paper OR DIGITAL has no intrinsic value, thus it cannot be used as a long term store of value, particularly in an ever expanding fiat system. Taxation and the 'legal' currency label attached to fiat creates artificial demand for fiat currency. This is the 'Force' component of Fiat currency, wherein you are forced at the point of a gun to accept worthless paper or electrons for your daily work. Metalic Money is the currency of a free sovereign people. Fiat at Debt is the currency of slaves. The fix ? Return to Silver, Gold, Copper & Nickle currency, designated by weight, not cents/dollars. These will find their own local value. These can't be printed to oblivion, have intrinsic value, and are a safeguard against bankers counterfeiting. Continue to keep the manufacture of Gold & Silver rounds by private mints & foundries to help keep government mints honest. Do not allow bankers and economists of the current system to con you into believing there isn't enough Metalic Money. You float its value, mint it by grams and ounces and you have a Gold and Silver backed currency. Same with Copper & Nickle. Mint 10th ounce, 2 10ths, 5 10ths and 1 ounce and grams in 1 grams, 2 grams, 5 & 10 grams. Never give it a 'value number,' which is a lie. Give it its weight & purity, and let the market decide what it will buy. Call it 'slow money," like 'slow food.' It's slower for sure, but it's 10 times better for you. If you think there's not enough metal, live more like the Amish and there will be plenty. We are a totally wasteful people and that can't go on forever. Everything we manufacture should be recycled at end of life. No more landfill. Probably necessary to nationalise mines & pay shareholders out in metals. We are aiming at a more just, more perfect union, and that requires we treat shareholders justly and make them whole while preserving a mining and exploration industry. So gently, thoughtfully, carefully on this one. 4th. The 'World Bank' and IMF are your friendly international arms of the Federal Reserve, who loan worthless US currency invented at zero cost to enslaved nations of people to purchase necessities, when their own commodities or worthless currency would do just as well. This ensures the indebtedness of nation's simply to survive. I suggest a goods and commodities exchange between countries, with a quarterly settlement of shortfalls with Gold or Oil/Gas. And oil and gas are not the monsters they are made of to be, and may well prove to be the greenest energy sources other than hydro. Studies suggest making an electric car requires the moving of 500,000 lbs of rock/soil, (which is only possible with diesel and oil) so the real energy footprint of a battery that has a 200,000 km life could easily prove to be twice that of a clean running low emission gasoline vehicle with a repairable engine, and LPG is extremely clean due to less carbon atoms. (3-4 carbon atoms, vs gasoline at 4-12 carbon atoms.) This research is present and ongoing. Correct these 4 Principles and >80 % of a nation's problems would disappear. Do not allow your masters the Debt slave creator's to tell you it can't be done. They are not seeking your best interests, but theirs. It is easily done, it's just a different but far better system. Beware. The FED, IMF, WEF wants you totally enslaved with Digital currency. Convert your garbage fiat currency into Gold and Silver while you still can, or prepare for destruction. Come to think of it, you better prepare for destruction anyway, because humans are animals and always learn the hard way. The bankers motto is : 'Preserve your Capital at all costs.' The bankers are buying Gold. We the people can afford Silver. Good luck.
Perth mint for me
I think I'll do what I want, keep stacking and collecting. Idgaf what Ramsey or anyone says. Silver and Gold are widely recognized throughout history as valuable metals. There doesn't need to be a market to regulate their value. Individuals will determine how much they're willing to accept for certain services rendered in case of a market collapse. Do not heed these turds. Who simply want to corner the market for themselves. There's always some idiot who will try to convince you that breathing air is a bad idea, just so that they can live while you suffocate and die.
If you live anywhere near the Canadian border like I do, its Maples over Eagles all day. Gold or silver. When buying stuff with cash, we're just as likely to get Canadian coins in our change as American coins.
Buffalos maples eagles in terms of gold eagles maples buffalos in terms of silver
My topcoins are my gold and silver bars❤❤❤
March 20th 2020, silver was $12.39/oz, that was only 4 years ago. 👍🏻🇺🇸🇺🇸
I bought a 100 oz brick many years ago at $15/oz, I will now sell it for $30/oz. 👍🏻🇺🇸🇺🇸🇺🇸
Anyone have any experience with Nationwide Coin and Bullion Reserve ? They have a deal for a 1 oz gold eagle and a 1 oz graded silver eagle for $2250. All the tips say that below spot gold is scam but they have a lot of favorable reviews and established business address and contact info. I'm new to stacking and don't have knowledge of individual companies reputability.
Get in where you can but don't be afraid to stretch. Save to get something larger and look around for deals on popular coins
Another consideration is sales tax, if any for your particular state. In my state, only a 1 ounce coin would make a purchase tax exempt, saving around $170 at today's price. I need to save up or delay a purchase to keep the tax man's grubby paws out of my pocket.
Man these are great conversations on the metal industry, surprised this page doesn’t have 10x views. Really insightful and entertaining.
Please share it out! Thank you!
When on a budget I like to go to flea markets coin shops and see if I can find a good deal on something
Look at you, show-off! 😂
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My gold stack goal is 100oz of gold. I am at 85oz now. My hope is real estate will crash and go back to the mean where I can convert most of my silver and a chunk of my gold into a comfortable 2 bed apartment (or better). I will never sell my entire stack. Hard asset in exchange for hard assets
Many people who stack really think it’s only ok to sell for real estate lol
@EmpirePreciousMetals Hard asset for hard asset... Gold for a productive business is ok. Note that in Vietnam, their people will never take paper currency for land.
America needs to step it up. I have multiples of all three but the maple leaf is so much sexier because of the radial lines and the proof finished leaf.
They're beautiful 4 sure! But I favor the Britannia's no matter what metal. The design, beauty, and the security features can't be beat imo.
American Eagles are one of the prettiest coins out there. Probably my favorite other than a philharmonic.
@@amr8457I would like it if it didn't have the old hag on the back.
I paid $255 for my 1/10 oz last month June 2024
Investing in Gold and Silver IS like investing in the stock market. Timing is everything. A good time to buy both was around March to June in 2001. Both Gold and Silver were very low. Spot price Gold was about $260.00 per oz. Spot price on Silver was about $4.80 per oz. I don't need to say anything else, that was the time to buy. Plus the government was not looking at purchases over a few thousand dollars, as long as you didn't splurge and spend over $10k at one time. Now over a few months you could have accumulated a significant amount. So if you didn't buy in there, well then you missed the timing cycle to make the absolute most profit. Now spot price are all over due to manipulation. But buying at $260.00 per oz then and selling now at spot of $2325.00 per oz now will net you the most profit per coin at this point in time. No one can argue differently. The difference being better that $2k profit before taxes per coin. And that is over about 22 to 23 years. So if you had two 100 oz contracts then you would be very close to half a million only after 22 to 23 years before taxes. Let Ramsey spread his BS. I'll take a repeat of that gold play.
I buy bullion for the metal value. Buying for the premium value is basically fiat currency.
Everybody taking a hobby and saying how it will save you during Armageddon.
The issue is.. There are constraints into physically owning gold: 1. You need a safe place to keep it. That's an extra investment (expense) 2. You cannot buy anything with it, you can only trade it, and no one has to pay you the market value, actually, no traders or dealers will trade the gold for you at market value.. whereas with money you can hold a business to any advertised price. 3. You basically enter the metal dealer market, which normally you know little about beforehand
Inflation hedge, sure. Could do the same with real estate or most stock. Most of those value increases are just a result of inflation. Just know what market is fair in the moment.
If you ever need to move metal fast those are probably the top three in most parts of the US
Not a mining video!!
If you don’t want to watch the information about the sponsor, don’t. I had the first 8 mins about the mistakes to avoid in the beginning.
I’ve learned this the hard way. I’m stacking exclusively gold eagles , maples and buffalos and for silver only eagles , 90% and 10 oz bars. Nothing more
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UP YOURS DAVE THE FAKE CHRISTIAN!!!!!!!!
I don't know but if I had started buying gold back in 1992 when it was 300 an ounce I would profit 2,000 per ounce right now.
It's definitely good to know about coin shop etiquette, as I had only had experience at a pawn shop before I found out about a local coin shop. I was glad he had what he expected out of customers posted when I walked in. But I do enjoy days like today when I find a nice coin when counting down tills at the end of the night. Found a 2015 S Bombay Hook silver proof. Love paying face value for silver coins
I missed the whole thing!!!??? Some of us in finance work 60 hours a week!😢😢😢😢😢
I'm in California, I saw some at work but the auction was over by the time I got home
Great auction as always, take care and good night everyone
Thanks, you too!
I forget what year but I have a west point silver eagle and it's worth around $100-$150....pretty cool,West point always produces beautiful low mintage coins
1oz Gold will reach $2500 easy, this is the start.
Is there anything positive ????
Safe deposit box , belong to the bank read the small print.
Dave Ramsey should check his own portfolio.... guarantee he has more than you & me combined
Buy low...Sell high!
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Precious metals are *not* meant for short-term investments, everyone! Instead, PMs are mainly held as inflation hedges against the falling dollar! I will also add this: do *not* sell your bullion directly to your local coin dealer or you will be lowballed. If that’s your only option, _call around_ so you get the best deal!
If Ramsey wants fiat, more precious metals for us!
That's like me putting $16000 into a CD and expecting to not lose most of my earnings if I cash it in early...
Ppl saying you can't eat silver in shtf situation? Are you guys mad? Since the dawn of humanity it was used for trading. In america in the 20s when the big recession happened silver and gold had value when dollar collapsed.
Yes, thank you!!!! Dumb when people say that!