I stopped speculating on precious metals, meaning, equating it in terms of dollars. I look at it more in a way of freezing my savings, in regards to inflation.
I’m starting to wonder is silver is like diamonds- Chase controls the market thus controls the price and it will never change just like one family controls diamonds
I would say the diamond market and the silver market are same-same-but-different. Both are rigged; in opposite ways. Diamond market is rigged to keep the price high because of over supply. They're (relatively) easy to get and there's lots of them.
Silver is rigged to keep the price low. Silver is normally a byproduct of other mining activities (gold, lead, zinc etc.), is expensive to refine (more than gold) and there is a true shortage because the price is rigged low - unlike diamonds, silver futures trading on the COMEX makes this possible. Silver is uneconomic to produce because refiners are forced to sell at the COMEX price...it's a long story.
Industry, especially the military-industrial-security (MIS) complex, likes low silver prices. Silver is used widely (e.g. every solder on every circuit in every electronic device has a tiny amount of silver). Check out https://www.silverinstitute.org/
MIS and industry in general is owned by banking...banking creates currency out of this air to keep the silver price down...you see where I'm going with this. Silver is very very very important. Which is why most people know little about it. 'They' don't want you looking at silver.
I've asked this question on the Live stream but never get an answer. Back in the fall of 2023, (I think) silver dropped around $17 and so I bought bars, not coins. I was fairly new to your channel. I just need to know if they hold the same value as a silver coin? I see you hold your coins, but never bars. I'm a little nervous I made the wrong purchase. The bars have a stamp on them and I ordered them from a reputable jewelry store.
With that being said, where do I get silver coins? I feel like I'll get scammed ordering online. And I want it in my hand not as an investment. Ya know??
I'd like to see it dip again but, what if I wait and when it dips, all those bastards FedRes scum puts a holt on buying
Apmex is reputable and sells on Ebay, however there are others that might be more competitive as well. Maybe compare. I would not overlook the potential of pre 1964 coins such as half dollars, quarters, and dimes. These were minted of 90% silver when our money was still worth something and the premiums are lower versus buying the 1 ounce Silver American Eagles.
I was a Mortgage Lender for TCF Bank, now Huntington. My office was pretty close to the self serve coin counter and a guy would be bringing in unrolled half dollars every single day. It was irritating, LOL! I asked him what he does and he said exactly what you said. He said he would buy $500 worth of halves everyday, not through us as there would be a fee for that quantity and go through each roll and said he would find quite a few and even a solid roll once. Huntington had the coin counters removed after they acquired TCF.
My credit union has one of those coin counter things The few is free as long as you do a deposit of the amount, but you can turn around and take out the amount in a different transaction. I guess as long as if you have sufficient funds, not counting the previous deposit . I'm a weenie girl, I don't want to get on folks nerves. I've done enough retail to know how irritating people can be. So I'd have to do that maybe once a month or something. 😄
Silver bars are never as valuable as coins, that's why it's always cheaper to buy the bars. That being said, there's nothing wrong with what you did. Most of my bullion is in bars too. Silver is silver.
I also buy 5 mercury dimes every payday on eBay it’s just about 11 or 12 bucks every 2 weeks and it’s been adding up over time- (I don’t make a lot of money 😅) JM Bullion is good for eagles or maple leafs- I buy some of those every 3 or 4 months- just keep stacking no matter what the price-
as J.P. Morgan stated in his testimony before Congress in 1912, “Gold is money. Everything else is credit.” credit is nothing more than trust and if you lose trust you lose credit, but physical gold and silver will remain in your hands and just like for thousands of years before will still be money.everything will be great and we are gonna make it!
If you are obsessing how much physical silver is valued in terms of fiat dollars I'd say you probably are not in it for the right reasons anyway...... The only time the metal shines is after the dust settles from the meltdown it will do nothing until then how hard is it for people to get that?
I'm thinking after when tshtf. I wanted to make sure my purchases were gonna help me if I need to barter. No "obsessing". I've ask one question Hoss and your saying I'm obsessing. Gheez
I completely agree. So many uses. It's been rigged for to long. It need's to be squzzed again. It looks like the mint is cutting back on their Silver eagle program. Buy eagles.
I have many hundreds of ounces of silve and a couple of hundred Theta, if you vomited every time that you say Powell's name then you'd be Deadory Mannarin, lol!
I agree, silver is the most ridiculously priced commodity in the world right now!!!
Based on gold's price right now, it should probably be at least $80 to $100 per ounce, and once the collapse of the dollar becomes real to the masses, then it should be priced at a peak of 15:1 ratio with gold. It is mined at a ratio of about 7 oz silver to 1 oz gold, and silver has much greater industrial and military use than gold. I think eventually, silver could be priced at it's earth ratio of 7:1 gold price if it becomes scarce with Comex and LBMA being completely drained, and mine production low.
If it were priced at a 15:1 ratio today, it would mean a today's price of $140/ounce.
Whenever the dollar collapse is a real meme to the masses, then one should expect the silver to gold ratio to decrease to 15:1 but in that time, expect the gold price to be rising. Gold could move to a price in dollars of $5000 - $10000 per ounce which would make a peak silver estimate of about $333/oz to $667/oz
Silver is my biggest holding too. Just don’t love silver over Christ like Judas
1 Timothy 6:10 Amen Brother!
Amen Brother for the root of a ALL Evil the LOVE of Money (Silver Gold real money!) 1 Timothy 6:10
GB nik
I stopped speculating on precious metals, meaning, equating it in terms of dollars. I look at it more in a way of freezing my savings, in regards to inflation.
I’m starting to wonder is silver is like diamonds- Chase controls the market thus controls the price and it will never change just like one family controls diamonds
I would say the diamond market and the silver market are same-same-but-different. Both are rigged; in opposite ways. Diamond market is rigged to keep the price high because of over supply. They're (relatively) easy to get and there's lots of them.
Silver is rigged to keep the price low. Silver is normally a byproduct of other mining activities (gold, lead, zinc etc.), is expensive to refine (more than gold) and there is a true shortage because the price is rigged low - unlike diamonds, silver futures trading on the COMEX makes this possible. Silver is uneconomic to produce because refiners are forced to sell at the COMEX price...it's a long story.
Industry, especially the military-industrial-security (MIS) complex, likes low silver prices. Silver is used widely (e.g. every solder on every circuit in every electronic device has a tiny amount of silver). Check out https://www.silverinstitute.org/
MIS and industry in general is owned by banking...banking creates currency out of this air to keep the silver price down...you see where I'm going with this. Silver is very very very important. Which is why most people know little about it. 'They' don't want you looking at silver.
I've asked this question on the Live stream but never get an answer. Back in the fall of 2023, (I think) silver dropped around $17 and so I bought bars, not coins. I was fairly new to your channel. I just need to know if they hold the same value as a silver coin? I see you hold your coins, but never bars. I'm a little nervous I made the wrong purchase. The bars have a stamp on them and I ordered them from a reputable jewelry store.
Thank you for your knowledge Greg!!
If the SHTF, small coins of silver will be useful not bars.
With that being said, where do I get silver coins? I feel like I'll get scammed ordering online. And I want it in my hand not as an investment. Ya know??
I'd like to see it dip again but, what if I wait and when it dips, all those bastards FedRes scum puts a holt on buying
Check with local stores first and compare prices.
Apmex is reputable and sells on Ebay, however there are others that might be more competitive as well. Maybe compare. I would not overlook the potential of pre 1964 coins such as half dollars, quarters, and dimes. These were minted of 90% silver when our money was still worth something and the premiums are lower versus buying the 1 ounce Silver American Eagles.
I follow this guy on YouTube who goes to the bank and buys rolls of quarters and silver dollars in hope of finding those pre1964 silver coins.
Thanks for the advice!!
I was a Mortgage Lender for TCF Bank, now Huntington. My office was pretty close to the self serve coin counter and a guy would be bringing in unrolled half dollars every single day. It was irritating, LOL! I asked him what he does and he said exactly what you said. He said he would buy $500 worth of halves everyday, not through us as there would be a fee for that quantity and go through each roll and said he would find quite a few and even a solid roll once. Huntington had the coin counters removed after they acquired TCF.
My credit union has one of those coin counter things The few is free as long as you do a deposit of the amount, but you can turn around and take out the amount in a different transaction. I guess as long as if you have sufficient funds, not counting the previous deposit . I'm a weenie girl, I don't want to get on folks nerves. I've done enough retail to know how irritating people can be. So I'd have to do that maybe once a month or something. 😄
Silver bars are never as valuable as coins, that's why it's always cheaper to buy the bars. That being said, there's nothing wrong with what you did. Most of my bullion is in bars too. Silver is silver.
I guess if I need to make bigger purchases, it would work.
Now, to watch the market for another dip, and buy coins? Where do you buy yours?
JM Bullion https://apps.apple.com/app/id1136026601
I also buy 5 mercury dimes every payday on eBay it’s just about 11 or 12 bucks every 2 weeks and it’s been adding up over time- (I don’t make a lot of money 😅) JM Bullion is good for eagles or maple leafs- I buy some of those every 3 or 4 months- just keep stacking no matter what the price-
What I mean by bigger purchases, I mean not bartering with it per say.
I'd get a mix of both. Bars are good for higher value trades but you want smaller pieces for that loaf of bread if you don't want to wait in lineups.
Thank you. That is the reason I purchased them.
as J.P. Morgan stated in his testimony before Congress in 1912, “Gold is money. Everything else is credit.” credit is nothing more than trust and if you lose trust you lose credit, but physical gold and silver will remain in your hands and just like for thousands of years before will still be money.everything will be great and we are gonna make it!
Yes, there is no question that it is undervalued.
If you are obsessing how much physical silver is valued in terms of fiat dollars I'd say you probably are not in it for the right reasons anyway...... The only time the metal shines is after the dust settles from the meltdown it will do nothing until then how hard is it for people to get that?
I'm thinking after when tshtf. I wanted to make sure my purchases were gonna help me if I need to barter. No "obsessing". I've ask one question Hoss and your saying I'm obsessing. Gheez
I completely agree. So many uses. It's been rigged for to long. It need's to be squzzed again. It looks like the mint is cutting back on their Silver eagle program. Buy eagles.
You can not value a commodity using a fiat currency.
Please send me all your unwanted gold and silver.
I will dispose of it properly.
I guess the gold and silver haters just have to learn to have fun being poor
I have many hundreds of ounces of silve and a couple of hundred Theta, if you vomited every time that you say Powell's name then you'd be Deadory Mannarin, lol!
I won't reply to your religious comment. In this current world, I want to know from Greg why I should buy a manipulated commodity like silver.
Good one today, Greg 100% agree with your perspective and your take on silver. Linking as usual @https://nothingnewunderthesun2016.com/
JPMORGAN has tons of silver.
If it was of no value. They would not be holding such vast amounts.
I agree, silver is the most ridiculously priced commodity in the world right now!!!
Based on gold's price right now, it should probably be at least $80 to $100 per ounce, and once the collapse of the dollar becomes real to the masses, then it should be priced at a peak of 15:1 ratio with gold. It is mined at a ratio of about 7 oz silver to 1 oz gold, and silver has much greater industrial and military use than gold. I think eventually, silver could be priced at it's earth ratio of 7:1 gold price if it becomes scarce with Comex and LBMA being completely drained, and mine production low.
If it were priced at a 15:1 ratio today, it would mean a today's price of $140/ounce.
Whenever the dollar collapse is a real meme to the masses, then one should expect the silver to gold ratio to decrease to 15:1 but in that time, expect the gold price to be rising. Gold could move to a price in dollars of $5000 - $10000 per ounce which would make a peak silver estimate of about $333/oz to $667/oz