What People Don't Understand About Silver

In this video I talk about what people get wrong about silver. If you are wanting to invest in silver or start silver stacking then this is the video for you. When it comes to buying physical silver such as silver coins, silver bars, and silver bullion you need to know that these things will not make you rich. Silver is a wealth preservation tool. I believe that it is a good idea to own silver, but I have reasonable expectations about what my silver will do for me.

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Topics I cover in this video: silver, silver investing, invest in silver, silver stacking, silver price, silver price down, silver price up, what affects silver price, silver price prediction, value of silver, silver bullion, silver coins, silver bars, silver stacker, silver stack, investing in silver, silver investing, truth about silver, is silver a good investment, should I buy silver, should I invest in silver, when to buy silver, should I invest in silver coins, silver coin investment, why buy silver, buy silver, buying silver

#silver #silverprice #silverstacking

[WorldMoneyWins]

I dont think silver will make me rich, but it is a component to help prevent me from being poor.

[billm]

Historically the silver to gold ratio has been 16:1 when treated like money. Currently it's 80:1 in the US. I believe there is wealth to be gained when the BRICS currency competes with the dollar in the very near future.

[musashiwebb]

I just began my journey 3 weeks ago, 7 ounces of silver(5 coins and 2 separate 1oz bars) purchased during that time. I began for the sole purpose of wealth retention, as you've mentioned in this video. I am slowly putting aside funds to purchase my first ounce of gold as well. I can not wait until I am able to hold that in my hand, as it will be proof of my ability to achieve levels of financial discipline that I have not exercised my entire life(32 years). I am by no means "financially secure", as my yearly earnings are somewhere around $24, 000(I do not plan to remain in this bracket for the rest of my life), with 50/50 custody of my 5 year old son. Channels like yours have helped to motivate me, and for that I am truly grateful. May the winds of good fortune favor us all on our Journey.

[joem]

I didn't start stacking to get rich. It was to preserve what i have. Also, to be honest it's alot easier for me to save by stacking instead of having quick available cash sitting in the bank. What i have in my bank account determines my spending budget. Converting dollars to physical metal keeps me from spending more available cash. For me, anyway, by having metals, i don't see the cash amount in my account, so I end up spending less. I don't even look at my gold and silver as cash right now. If i had all the metals converted back to cash, I'd feel like i had more to spend. A psychological thing for me, i guess.

[paperweight]

Pioneers threw silver coins into their milk saucers and water buckets to keep themselves from getting sick.

[Chris-yoks]

Precious metals don't change in value....The value of currency is what changes.

[unpopularopinion]

I stack silver for a shtf situation.
I also stack lead for the same reason.

[swjackson]

Physical silver is the one asset that's not documented on a computer. Your house is on a city assessor site, your stocks and 401K are on a broker website, your CD's, IRA's and cash are on your bank website but physical silver is not documented or represented on a computer screen like other assets. It's an asset outside the system. It's not being tracked by the government because it's not documented on a computer system for the government to track. Physical silver is freedom from the government.

[gilavalos]

That's what many new stackers fail to realize that silver is a medium to retain your wealth.

[kud]

Thank you for explaining this. I was having a hard time trying to convince my girlfriend as to why buying silver was so important. "Retaining" it's value was a great way to explain it.

[tomo.]

You have provided one of the most intelligent (and honest) analyses of silver that I have heard. Thank you.

[NoCensorship]

The ONLY people who should be buying Gold and Silver are those with $0 debt. If you have debt, you should be paying off your debt instead of buying Gold or Silver. Holding Silver and Gold while you have ANY kind of debt is just dumb. The cost of servicing your debt is greater than the value of your silver.

[flipnap]

really glad to hear this. what youre saying is spot on. My mom last week was talking about why everything is getting so expensive and I said "its not mom, your dollar is losing value".. I stack as much as I can, as close to spot as I can because every oz I buy means im locking in that dollar rate for myself. Its like buying a house when interest rates are super low, you "lock in on the rate". Sure maybe some day well be bartering with silver, and everyone has little keyring sized sigma machines. but ultimately its assuring my dollar loses no more value. of course once the CBDC hits its a whole new game.. but yeah it makes me sad to hear new stackers spending every last dime, and be in debt using credit cards for silver thinking they'll be millionaires in 5 years. its not healthy

[MrDavidknigge]

I started stacking this past March because I was afraid of the possibility of rapid devaluation of the dollar and oppression by the government by means of the new digital tracking of bank transactions. But I have learned to enjoy having gold and silver. I like holding it, looking at it, and getting more. I find myself spending less money so that I can acquire more. It's fun and it hurts no one.

[qytlcme]

Agreed with the term "Wealth Retention Tools". Silver ain't get rich quick scheme, but will helps to retain wealth and probably gain a bit more profit then leaving cash in banks and eventually the value of the dollars dries

[MMan-yoix]

It does hold it's value. Sixty years ago I remember my brother buying 4gallons of gas with a silver dollar. Now the price per oz still gets about 4 gallons..

[OldCityStacking]

Everyone I know who knows that I stack precious metals thinks I'm doing it to get rich. They don't understand its about not being poor in the future.

[GrungeGirl]

We are living in unprecedented times. No one knows what is going to happen.

[billarroo]

You have it right, it took some time for me to realize that getting rich on silver shooting up in value isn't working, at least in my lifetime. But its better than paper money for security.

[BlueWaterSTAX]

Well put Silver Dragons 👍 The Shanghai Metals Exchange is running low on silver too. Along with the other exchanges. Now is our time to stack👌🥈🥇🥈🥇🥈🥇🥈