You don't need much to be in the top 1%. About 60 ounces if all the Silver was divided equally among 1% of the global population. https://youtu.be/5jjT-AvBT_g?t=350
Interesting! I have about 350 troy ounces put back, and don't really think of it as an 'investment".... I have no intention of selling when it reaches some high spot price. No, I'm waiting for when the fiat currency is worthless (which is looking more possible with every passing day) and the only tender that will actually buy things is silver and gold.
It means that I just "forget" that it's there and don't watch the daily ups and downs of the spot price, especially since that spot price is in fiat dollars, and therefore meaningless. But the reverse is true too.... when Biden sent out "stimulus checks" I immediately turned that fiat value into real value, and bought more ammo and more silver with it.
If you took all the Silver in the world and divided it evenly among 1% of the global population each person would get around 60 ounces and 99% of the global population would have none.
Inflation is not the price of items going up it is the value of your dollars going down. Inflation is sweeping the globe. The safest place to be right now is Gold and Silver. IMO.
Been a long time JMB customer, but their prices are pretty high now that AMark bought them out....hence, I've moved on to cheaper price/oz for other online retailers. Same with Apmex - too high prices, unless there is something specific I wanted and nobody had it. The only plus to Apmex is their autoinvest program, where you pick your products and they auto-ship them on a set day with a frequency of your choosing. Allows you to DCA - wish more retailers did this.
Scottsdale Mint is premo bullion and price reflects it, but their stuff is sweet. I bought from their site back in Dec and it arrived in either 4 or 5 days, when the posted lead time was 4-6 weeks, but wouldn't expect that kind of service again. If you want Scottsdale, buy it off of their Ebay store and you'll get fast shipping.
Any reputable online retailer is going to generally be a safe bet. Just want to make sure you're physically around for the package delivery, so you can minimize any need for customer service.
Never heard of Scottsdale, but JMB is solid. I'd also recommend checking out goldenstatemint.com Solid place also, but what sets them above in my book, the several orders I placed no sales tax were charged making a huge difference on big orders.
My only issue with goldenstatemint is that they are made to order. They do have custom collections you wouldn’t find else where so it worth the wait but if your just buying silver eagles I’d just go for whoever has the lowest premiums. Both gsm and jmb offer military discounts while apmex does not, so that’s also a bonus.
Scottsdale mint is good but I have heard horror stories about their delivery time. I have always used silvergoldbull.ca because I am in Canada. They have a U.S. site too. As long as you use a dealer that has been around for a long time you will be fine. You can also go to your local coin shop [LCS] and buy it in person.
I've ordered from them several times, all great transactions, but I suggest them due to they didn't charge sales tax which makes a huge difference at checkout.
They are in FL and I'm in VA so results may vary depending on State, but worth a look.
They have a number of rounds I like, Eagles among them. Yeah, the echeck is a drawback but I did wire transfers and went pretty quick, the tax savings was worth it to me.
My first order was during the silver rush after the January GME spike and it took almost a month to arrive, they were slammed! But also, I spoke with them and don't quite recollect, but I think there were more a whole sale outfit as they told me they were used to dealing with large orders of single items, not small orders of multiple items. And I'm thinking this is why they weren't really set up for charging sales tax perhaps. It's been quite awhile since I've ordered from a site that didn't charge sale tax...
Edit: They've also thrown in a random 1oz copper round with each of my orders. There was one order they boogered up on, I'd ordered a couple 5oz rounds and they sent the wrong one and gave me two options, send it back for the right one or buy another one at spot price. I went for the another at spot price. But they were quick to both acknowledge, offer solution, and resolve. Solid company IMO
Yeah, I'd say they are my favs of their selection, but everything I've gotten from them is great stuff. Silver Shield collection and their fractionals, too. GSM mints a bunch of different coins for other outfits and I think they've started retailing more recently within the past few years. As long as they keep the price/oz low, I'm happy. Glad to hear their customer service is on-point!
My state charges tax on coins, but not rounds, so I primarily order them or bars, but I already have plenty of sovereign coins. I stupidly placed a very large order, the day before their Independence Day sale and spot price got smashed at the same time. I've been doing PMs for a long time, so I should have known better by now. Despite that, I've never gotten any freebies from GSM or any of the other retailers I've done substantial business with :( Maybe one day lol....
When I was growing up there were Walking Liberty half dollars and Standing Liberty quarters. A decade or so ago I just had to buy a bag of each. Great looking pieces of silver.
The first ounce is the best. Then everyone gets better. Wait till your stack is 500oz and the 1000oz then 5000oz then 10,000oz. so much fun and now with silver on sale it makes it even better.
Don't get too caught up in the moon hype! It's a nice thought to keep in the back of your mind. It may happen,it may not happen. Just stack to.preserve your wealth and become your own central bank.
The paper market is being massively manipulated. The spot price isn't actually representative of the physical asset, it's of the paper asset on the stock market used to keep the physical price down. Search on YT, silver manipulation, 100s if not 1000s of videos on it. It will go up. And up. And up, until you get tired of it going up! (Ala Trump, we'll get tired of winning lol)
Explain to me why in a mad max situation would anyone care wether you have gold or silver? Unless you can turn it into bullets I don't understand why anyone would care. Genuinely curious what I am missing.
Something of value to trade for goods and/or services when fiat fails.
Not necessarily a Mad Max scenario but a failed monetary society, and maybe even an internet outage. We'll need something in the meantime while new systems are put in place. Unless of course it's the CBDC, then none of it will matter.
I have always imagined that nobody would care about gold or silver if it went down and would go to more of a trade/service system. No coin. Wouldn't it be worthless essentially?
Maybe, maybe not. I'd rather have a little just in case.
Could become more of a bartering type system but you'll have those that wish to trade for tangible goods, and one thing throughout history, precious metals have proven to be tangible.
I agree.. It honestly amazes me that humanity ever turned to a piece of metal as a way of showing power and wealth. It's meaningless essentially. In the fallout games they use bottlecaps 😆
I'm always a bit skeptical when it comes to buying gold or silver. Take what I say with a complete grain of salt and don't even really take it as me giving advice, but these are my thoughts on it:
The most worthless thing you can do with any material on this planet is to use it as money. I think it would be best if we can move away from a system that puts money as the most important aspect of it. Another thing is that if fiat fails and everything goes to shit, it seems to me that gold and silver are going to be some of the most worthless things available to barter with. Who wants something they can do very minimal with when they are starving? Anyways that's just my thoughts don't take it as advice, if I were to give any advice I would say give more thought as to what would be useful for bartering, because at the end of the day what are you stockpiling silver (or gold) for? It's to use it to buy something that you want, the things that you can buy with silver like food, fuel, livestock animals, etc. atleast to me seem to have a much higher "value" than silver or gold itself.
Well of course you are correct that the end use of money is to get something else that you actually need for life. Gold/Silver only came into being in order to store value for long periods of time. "food, fuel, livestock animals, etc" all have a relative short shelf life and/or carrying costs (feed for animals, etc) compared to gold/silver. You should take care of your immediate needs for food and shelter first and then lay in enough of stored and barter goods that you can rotate them before they go bad.
It's the extra disposable income that goes into PM's. They aren't for bartering, they are to carry wealth from this monetary system into what ever system comes next.
I just have a tough time seeing a scenario where people suddenly see gold and silver as valuable again. Like I say I don't want to be the guy that offers advice as if I have some oracle and know the future but when I really think things through if we had a true and complete collapse of all current systems, silver and gold seem to me to be some of the most worthless things around to have.
You don't need much to be in the top 1%. About 60 ounces if all the Silver was divided equally among 1% of the global population. https://youtu.be/5jjT-AvBT_g?t=350
Interesting! I have about 350 troy ounces put back, and don't really think of it as an 'investment".... I have no intention of selling when it reaches some high spot price. No, I'm waiting for when the fiat currency is worthless (which is looking more possible with every passing day) and the only tender that will actually buy things is silver and gold.
It means that I just "forget" that it's there and don't watch the daily ups and downs of the spot price, especially since that spot price is in fiat dollars, and therefore meaningless. But the reverse is true too.... when Biden sent out "stimulus checks" I immediately turned that fiat value into real value, and bought more ammo and more silver with it.
I agree. It is not a get rich quick thing it is a wealth preservation thing. :)
Agreed... and even more, a "have spendable wealth when everyone else is reduced to poverty."
Thanks for the vid. I have 100 oz per family member at this time.
Can you elaborate? The top 1% of what? Those who own silver
If you took all the Silver in the world and divided it evenly among 1% of the global population each person would get around 60 ounces and 99% of the global population would have none.
So with an oz going for let's say $30 give or take, for 60 pcs, an investment of 1800.00 would payoff in the end?
Absolutely.
Inflation is not the price of items going up it is the value of your dollars going down. Inflation is sweeping the globe. The safest place to be right now is Gold and Silver. IMO.
oh yes
For the record the Scottsdale mint and jmbuillon are both safe buys?
Gentleman, thank you for the insight
Been a long time JMB customer, but their prices are pretty high now that AMark bought them out....hence, I've moved on to cheaper price/oz for other online retailers. Same with Apmex - too high prices, unless there is something specific I wanted and nobody had it. The only plus to Apmex is their autoinvest program, where you pick your products and they auto-ship them on a set day with a frequency of your choosing. Allows you to DCA - wish more retailers did this.
Scottsdale Mint is premo bullion and price reflects it, but their stuff is sweet. I bought from their site back in Dec and it arrived in either 4 or 5 days, when the posted lead time was 4-6 weeks, but wouldn't expect that kind of service again. If you want Scottsdale, buy it off of their Ebay store and you'll get fast shipping.
Any reputable online retailer is going to generally be a safe bet. Just want to make sure you're physically around for the package delivery, so you can minimize any need for customer service.
Never heard of Scottsdale, but JMB is solid. I'd also recommend checking out goldenstatemint.com Solid place also, but what sets them above in my book, the several orders I placed no sales tax were charged making a huge difference on big orders.
My only issue with goldenstatemint is that they are made to order. They do have custom collections you wouldn’t find else where so it worth the wait but if your just buying silver eagles I’d just go for whoever has the lowest premiums. Both gsm and jmb offer military discounts while apmex does not, so that’s also a bonus.
Scottsdale mint is good but I have heard horror stories about their delivery time. I have always used silvergoldbull.ca because I am in Canada. They have a U.S. site too. As long as you use a dealer that has been around for a long time you will be fine. You can also go to your local coin shop [LCS] and buy it in person.
R/wallstreet silver is a great place for DD and shitposting about commies.
Welcome aboard fellow ape
I thought it was funny with that West Virginia vs EPA case and EPA backwards is APE.
Tired of coin dealers charging 40% over spot. I understand supply and demand and I understand making a profit, but this is plain old gouging…
It becomes an addiction. Unfortunately, I lost all of mine in a boating accident, but its addicting.
so fun!
Great Start
Edit: Congrats, and welcome fellow stacker!
If you're looking to buy rounds/bullion, check out https://www.goldenstatemint.com/deals/
I've ordered from them several times, all great transactions, but I suggest them due to they didn't charge sales tax which makes a huge difference at checkout.
They are in FL and I'm in VA so results may vary depending on State, but worth a look.
+1 for GSM. Love the Eagle rounds. The only downside is no echeck/ACH payment option.
They have a number of rounds I like, Eagles among them. Yeah, the echeck is a drawback but I did wire transfers and went pretty quick, the tax savings was worth it to me.
My first order was during the silver rush after the January GME spike and it took almost a month to arrive, they were slammed! But also, I spoke with them and don't quite recollect, but I think there were more a whole sale outfit as they told me they were used to dealing with large orders of single items, not small orders of multiple items. And I'm thinking this is why they weren't really set up for charging sales tax perhaps. It's been quite awhile since I've ordered from a site that didn't charge sale tax...
Edit: They've also thrown in a random 1oz copper round with each of my orders. There was one order they boogered up on, I'd ordered a couple 5oz rounds and they sent the wrong one and gave me two options, send it back for the right one or buy another one at spot price. I went for the another at spot price. But they were quick to both acknowledge, offer solution, and resolve. Solid company IMO
Yeah, I'd say they are my favs of their selection, but everything I've gotten from them is great stuff. Silver Shield collection and their fractionals, too. GSM mints a bunch of different coins for other outfits and I think they've started retailing more recently within the past few years. As long as they keep the price/oz low, I'm happy. Glad to hear their customer service is on-point!
My state charges tax on coins, but not rounds, so I primarily order them or bars, but I already have plenty of sovereign coins. I stupidly placed a very large order, the day before their Independence Day sale and spot price got smashed at the same time. I've been doing PMs for a long time, so I should have known better by now. Despite that, I've never gotten any freebies from GSM or any of the other retailers I've done substantial business with :( Maybe one day lol....
When I was growing up there were Walking Liberty half dollars and Standing Liberty quarters. A decade or so ago I just had to buy a bag of each. Great looking pieces of silver.
The first ounce is the best. Then everyone gets better. Wait till your stack is 500oz and the 1000oz then 5000oz then 10,000oz. so much fun and now with silver on sale it makes it even better.
Don't get too caught up in the moon hype! It's a nice thought to keep in the back of your mind. It may happen,it may not happen. Just stack to.preserve your wealth and become your own central bank.
Welcome to the party fellow ape!
It's a great start! Good luck!
I'm down 30% from a year ago; why did the price crash while inflation soared?
great thing about silver is that it is on sale right now. Silver is a long term investment not a short term.
The paper market is being massively manipulated. The spot price isn't actually representative of the physical asset, it's of the paper asset on the stock market used to keep the physical price down. Search on YT, silver manipulation, 100s if not 1000s of videos on it. It will go up. And up. And up, until you get tired of it going up! (Ala Trump, we'll get tired of winning lol)
Language for Constitutional Money and how to bankrupt and take all the assets of anyone you need to sue:
https://greatawakening.win/p/15JTflfl0l/constitutional-money-legal-langu/
WOW THANKS
Did you get from online source or local metal dealer?
Can you explain how you obtained, and what you paid (what one should expect to pay) over spot price?
I bought 42 silver American eagles I'm no pro, but I had to start somewhere.
You can also buy 1oz rounds much cheaper than coins. The upside though is coins are more recognizable as legit silver in a Mad Max scenario.
Rounds are just as well at say a silver dealer with a metals tester.
I have a bunch of 1oz and 1/2oz rounds. Or bullion as it's also called.
Explain to me why in a mad max situation would anyone care wether you have gold or silver? Unless you can turn it into bullets I don't understand why anyone would care. Genuinely curious what I am missing.
Something of value to trade for goods and/or services when fiat fails.
Not necessarily a Mad Max scenario but a failed monetary society, and maybe even an internet outage. We'll need something in the meantime while new systems are put in place. Unless of course it's the CBDC, then none of it will matter.
I have always imagined that nobody would care about gold or silver if it went down and would go to more of a trade/service system. No coin. Wouldn't it be worthless essentially?
Maybe, maybe not. I'd rather have a little just in case.
Could become more of a bartering type system but you'll have those that wish to trade for tangible goods, and one thing throughout history, precious metals have proven to be tangible.
I agree.. It honestly amazes me that humanity ever turned to a piece of metal as a way of showing power and wealth. It's meaningless essentially. In the fallout games they use bottlecaps 😆
Looks good to me. I am green too!
I do see 1-19 $34.32 $34.68 $35.75 over at jmbullion.com
I'm always a bit skeptical when it comes to buying gold or silver. Take what I say with a complete grain of salt and don't even really take it as me giving advice, but these are my thoughts on it:
The most worthless thing you can do with any material on this planet is to use it as money. I think it would be best if we can move away from a system that puts money as the most important aspect of it. Another thing is that if fiat fails and everything goes to shit, it seems to me that gold and silver are going to be some of the most worthless things available to barter with. Who wants something they can do very minimal with when they are starving? Anyways that's just my thoughts don't take it as advice, if I were to give any advice I would say give more thought as to what would be useful for bartering, because at the end of the day what are you stockpiling silver (or gold) for? It's to use it to buy something that you want, the things that you can buy with silver like food, fuel, livestock animals, etc. atleast to me seem to have a much higher "value" than silver or gold itself.
Well of course you are correct that the end use of money is to get something else that you actually need for life. Gold/Silver only came into being in order to store value for long periods of time. "food, fuel, livestock animals, etc" all have a relative short shelf life and/or carrying costs (feed for animals, etc) compared to gold/silver. You should take care of your immediate needs for food and shelter first and then lay in enough of stored and barter goods that you can rotate them before they go bad. It's the extra disposable income that goes into PM's. They aren't for bartering, they are to carry wealth from this monetary system into what ever system comes next.
I just have a tough time seeing a scenario where people suddenly see gold and silver as valuable again. Like I say I don't want to be the guy that offers advice as if I have some oracle and know the future but when I really think things through if we had a true and complete collapse of all current systems, silver and gold seem to me to be some of the most worthless things around to have.