Just a quick video on the History of Currencies, Hyperinflation, Gold & Silver.
Пікірлер: 43
@HappyBirdsGlitterNest9 жыл бұрын
Very interesting! Thanks SR1!
@Silveready19 жыл бұрын
thanks for watching HB
@HappyBirdsGlitterNest9 жыл бұрын
Silveready1 I did some research on my own and I have to tell you that everything you have told us is right on spot! I really appreciate your expertise. Your videos are very accurate! Thank you SR1! You have a subscriber for life!
@Silveready19 жыл бұрын
OneVeryHappyBird much appreciated HB.
@bulkheadshobbies34899 жыл бұрын
This is one of the reasons I exchange my $ to silver/gold.
@darrellcummings51439 жыл бұрын
Great illustration
@Silveready19 жыл бұрын
Darrell Cummings thanks for watching Darrell
@marcussilveritis43859 жыл бұрын
Very informative,thanks.
@Silveready19 жыл бұрын
appreciate it Marcus
@stackingnpacking9469 жыл бұрын
Good video, thanks for sharing:)
@Silveready19 жыл бұрын
SilverPicker Much appreciated, thanks for watching.
@stackingnpacking9469 жыл бұрын
Anytime buddy:)
@101platayoro9 жыл бұрын
Fascinating! Thanks for the views..
@Silveready19 жыл бұрын
101platayoro Thank you.
@mickyhovis9 жыл бұрын
great currency collection!
@Silveready19 жыл бұрын
Mickyhovis Browne Thank you, thanks for watching.
@SilverSpeed9 жыл бұрын
really good video. thanks for the talk.
@Silveready19 жыл бұрын
Silver Speed Thanks for watching.
@veritasfiles9 жыл бұрын
Gold & Silver are natural money. In other words, its in their essence or nature to be or to serve as money, and they always will. We may come up with money substitutes for them in order to fool and fleece the populace, but that will never change their nature as money. Money on a Gold standard and insurance on a fiat standard, but in every single case.....a store of wealth and real money in an ultimate sense. I'll be buying Gold & Silver for the rest of my life as a result. If I never need it, I'll pass it on to my family. How can I lose? So long as I don't start loving money, which I really do believe is the root of all kinds of evil, I think proper prudence makes me a buyer from here on out. Great vid!
Excellent video !! Just like today, I'm sure most people in those countries thought it couldn't happen to their currency if they even thought about it at all.
@Silveready19 жыл бұрын
Very true, normalcy bias can be dangerous. thanks for watching
@dondesnoo17716 жыл бұрын
That's why small denomination PM's are important cause conversion would be difficult in chrises.😎
@dondesnoo17716 жыл бұрын
I've been saving small clad dollars nice ones & halves as well fed dollars and treasury dollars are different rather use than silver if nothing you'll have a coin collection.😎
@silverstreak48249 жыл бұрын
Good video. Thanks for sharing Silveready1.
@Silveready19 жыл бұрын
Thanks for watching Silver Streak
@natkruebbe9 жыл бұрын
Great education on real money! Keep them coming. Have you seen any good deals on Ebay lately? You seem to be able to find some good deals and I have taken your suggestions and done well. Thanks.
@Silveready19 жыл бұрын
Thanks for the nice comment I haven't seen any great deals on ebay lately ser generic silver rounds seem to be about 2 to 3 dollars over spot but I keep my eyes open and if I do find a good deal somewhere I will definitely post thanks again have a great day
@MancunianStacker9 жыл бұрын
Got it: Governments raise interest rates to combat hyperinflation, so the prime rate would likely rise if hyperinflation occurred!
@Silveready19 жыл бұрын
I think eventual hyperinflation is unavoidable at this point
@MancunianStacker9 жыл бұрын
So if I had a £100,000 mortgage and my currency hyper inflated I could potentially repay my mortgage debt in a day? What happens to interest rates during periods of hyperinflation? I think I'll google that and see! Good video - thought provoking 👍
@Silveready19 жыл бұрын
Mancunian Stacker I suppose that's possible in the early stages of hyperinflation if you have tangible assets to exchange for the hyper inflating currency (IE: Gold, Silver, Food, Medicine, Ammo etc.) before Government intervenes and Revalues or replaces the currency, or initiates (attempts to) Price controls similar to what's taking place in Venezuela currently. it's hard to say what scenario will manifest itself, but after 6,000 years of World-wide economic turmoil, Wars, Famine etc....Gold and Silver are still standing.Thanks for watching and commenting.
@MancunianStacker9 жыл бұрын
Thanks for the reply SR. It's just a matter of when. Give meddling in markets is so obvious right now. Physical assets of any kind is my thing at present
@parttimepreppers99079 жыл бұрын
Cool vid.! All paper money is essentially IOU's ...one must ask themselves with the way the World is now would you rather have paper IOU's or real money...sleep tight!
@Silveready19 жыл бұрын
Couldn't agree more I sleep well at night thanks for watching
@bubbalove7659 жыл бұрын
I didn't see any US dollars you must have done the right thing and bought real wealth.lol thanks for sharing bubba
@Silveready19 жыл бұрын
Bubba Love hard to imagine using bundles of 100 Dollar Bills as cooking fuel, but anything's possible.