What Other Silver Stackers Won't Talk About

[@marshallstrong462]

Considering that we’re essentially using “not real money” (fiat) to buy “real money”...it’s a worthy investment and insurance plan.

[@patriotgirl1american854]

GREAT POINT!

[@brianstevens7241]

True back when you said it. Have you seen the premiums lately?

[@rivenmain2175]

@@brianstevens7241 i bought a 1 ounce aztec calendar coin for 63 dollars

[@brianstevens7241]

@@rivenmain2175 Can I ask how? All my metals were bought online. I get a feeling that there are coin shows and such, to which I have never been. Prefer to pay half a premium to you rather than a full premium to them.

[@rivenmain2175]

@@brianstevens7241 1 ounce silver should cost 26 dollars. and in amazon it was 53 dollars. and i paid fees and shipping in total 63 dollars for it. when it should be 26 dollars. i wish i knew of a way to pay even 40 dollars to get it, but whenever i try to buy it, i can never buy for less than double the price.

[@henryq2666]

I happily trade debt notes for silver. I know I lose a bit of fiat but I don't ever feel any remorse when buying silver, it always feels like the right thing to do.

[@SilverDragons47]

Jesus mc Beardsworth it does feel like the right thing for sure!! 🔥🐉

[@jamesrodrigue9286]

If your buying silver to flip it quickly, then this is the wrong investment. Silver is long term only.

[@jasond8477]

Depends when you buy, if you bought a few years before 2011 you had it made

[@SilverDragons47]

James Rodrigue I do agree but there are some good flips out there which you can make a quick buck on and then put the extra money back into your stack... 🔥🐉

[@jamesrodrigue9286]

@@jasond8477 true. I did say quick flip. I have silver I purchased at 6 bucks!😎

[@jasond8477]

Wow! I know inflation and all that, but at $6 I’m sure that was fantastic. If only we could have predicted the future, I would have been all in at $6. Then sold in 2011

[@briankrenning7811]

@@jasond8477 I had bought before 2011. But I did not sell I have over 4k ozt

[@silverwiskers7371]

I agree you will loose $ as soon as you buy it, of course my silver is not 4sell, my main purpose is having savings outside of a bank and free of a paper trail..

[@SilverDragons47]

gene Pohlemann exactly 👍🏽 saving money the ol paper way is just silly 😂🔥🐉

[@ilovejesuschristmysaviour2819]

@@SilverDragons47 agreed!! Paper has never been able to keep up with inflation tomorrow you could lose 10 cents buying power due to inflation, also paper only has a value if the banks says it does,for instance they no longer will trade you, your silver for your silver notes

[@SonussonnyForme]

If I was concerned about losing a couple pieces of paper per oz, I wouldn't be buy silver. My bigger concern is the papers buying power devaluing to the scale of way more than a couple of dollars if I leave it in the bank to accumulate "wealth".

[@silverwiskers7371]

@@SonussonnyForme agree bro. that's the whole point, keep on track and I'm sure we all are doing the right thing, good luck and thanx for the reply

[@SonussonnyForme]

@@silverwiskers7371 A little over 110 oz so far. Stop buying for a few months due to some debt and a huge mistake I made with my finances. Anyways, just picked up 25 oz of maple leafs yesterday so I am back on track.

[@SilverHeist]

“what other silver stackers won’t talk about?” ... Gold Nice Libertad 🤩🔥🔥🔥🔥🔥

[@MetalBum]

Silver Heist lol true 😆 I

[@ShakeyJake117]

Funny! And true. But when gold to silver ratio gets around 60 to 1, then they will talk gold

[@SilverDragons47]

Silver Heist lol yes... and I love that little lady 😁🔥🐉

[@TheChiefCoin]

Gold 80% silver 20% is my buying ratio. It just works out well for me.

[@m1a1abrams93]

It has it's ups & downs also. I was feeling it too. Right now sitting well but I was sweating it for a while.

[@cindylou42]

My late father was a coin collector. He left behind a bag of silver dimes and tons of other silver coins. A coin shop offered a couple of hundred dollars but I think he was trying to take advantage of us. I'd rather hold on to them anyway as my father put many years and hard effort into his collection.

[@ascendinglotus8]

I encourage you to study the pieces to make sure you are not exploited... be aware of the silver content, spot price, and weight

[@inhawaii4941]

And check numismatic value

[@MrMmetal]

Thank God. You were very wise in that decision.

[@charlesritter6640]

If you don't have enough money for food or rent, that's when you sell your silver.

[@patriotgirl1american854]

Your dad would want you to keep them if you can❤️.

[@williamjones2537]

@Silver dragon My name is LeprechaunChief and NOW you know someone that controls the price of silver. Every time I buy silver the price then drops. Every time I sell silver the price then rises. I have been controlling the price of silver and gold since 2009

[@beanshady]

Can you then ummm sell more silver and take a loss for the team? :D

[@SilverDragons47]

Leprechaun Chief 😂😂😂 can you please buy more I need the price to go down 🔥🐉

[@SheafferSelect]

Haha I always feel the same way haha

[@paulmoore7064]

@@SheafferSelect And all this time I thought it was me! I joke to my friends that I am the one keeping the U$D strong.

[@m1a1abrams93]

I know the feeling lol

[@Death_From_Below]

I am used to being underwater after 20 years in the submarine service.

[@silversurfer1986]

hahaha^^^

[@lordapophis5723]

Comment of the year!

[@lordapophis5723]

BTW thank you for your service.

[@SilverDragons47]

Bob Wojcikowski 😂😂😂😂 then you feel right at home buying silver.... awesome!!!!! 🔥🐉

[@russwhite7715]

So you are the u-boat commander

[@deehorrex9292]

There are a number of ways you can benefit while stacking, here is one I like. I walked into my local coin stores wanting to buy constitutional silver. After finding the dealer that sells closest to spot I took out my money and made my purchase. In our conversation I made mention I was a stacker planting my intentions. Upon my completion I made sure to let the dealer know I'd be back next week for more. The following week, the same day of the week, I entered the store and said hi, remember me? We started talking and I made my purchase, always constitutional silver. Just like the first time while saying good bye I said, thank you..see you next week. Again just like the times in the past I walked into the shop, the same day of the week and said hi and started a conversation. This went on for a number of months when I asked when it came time to pay if I could have a discount. To my delight I got one. This indicated my supplier was pleased with me and had interest in my returning to buy more. What most stackers fail to realize is, having a relation with a seller is important to your bottom line. My supplier now knows that on this day of the week between this hour I will walk into his shop with the same amount of money to spend. I am now an anchor client, on he can depend on and based on my habit can make projected purchases.

[@reptiliandomination1]

I look at silver as a savings account with a potential 10 to 100x gain in future purchasing power once the manipulation ends.

[@bryantlucas6006]

Hey man I work for a multi Billion dollar business that offers the highest graded gold & silver coins lower than the market price, we have quite a few rare coins as well. If you are interested reply with your number & I will contact you this week.

[@SilverDragons47]

reptiliandomination1 best savings account in the world!! 🔥🐉

[@nathanhill6042]

Agree to a point but you think 3000 dollar silver will happen I would love to see it but I think 100 dollar silver would be more reasonable

[@DimeDigger]

Shhh don't tell any one but I like poured silver! Yes it's not cost effective but I don't care! I don't buy silver to get rich or preserve wealth I buy it because I like it.... and can't afford gold 🤣 👍

[@OurHeroXero]

I really don't like this mindset. Sure, an ounce of gold is way up there but who said you had to buy your gold an ounce at a time? 1/2 gram gold bars are an option...albeit with quite the premium. That said, I plan on playing the ratio. Buying silver now with plans to convert some down the road for gold.

[@venictos]

@@OurHeroXero the older you get and more you stack, you realize that's a better idea to conserve wealth. Or just keep both and buy whatever makes more sense haha

[@newstacked5710]

I like mutiny metals hand poured silver. It's all pirate themed.

[@SilverDragons47]

Dime Digger I like poured silver as well my friend it makes a nice collection 😏🔥🐉

[@oldschoolrr6077]

@Dime Digger - You seem to know the pros and cons of poured silver. If you like to Stack it, I say go for it. In fact, if you don't already have a YT Channel, you should start one and share your knowledge. I'm sure like you, there are some who would like to Stack it as well.

[@djclark3857]

Watching some of your older videos for some advice. New to the game. I really appreciate the way you talk about the truth behind the buy. Definitely somethjng people starting out need to think about.

[@mattw7422]

Yep, just had my engine go in my car. Had no cash reserve, had turn my. Silver for a loss. Not huge, but still a loss. Glad i had it but hit me in the heart having ro sell. Great points to make to every new silver stacker.

[@SilverDragons47]

Matt Wallforall wow you had to deal with it first hand that is a bummer. at least you had the silver to pay for it! could have been worse 🔥🐉

[@Aj-ng6vm]

Im one of the oddball stackers. I still buy at the lowest premium I can for obvious reasons but I dont really care about market value going up or down. Im not buying to sell. Im one of those people that see the record breaking inflation as a sign of a economic collapse of some kind. Like the USD bottoming out. Silver and gold is my hedge against that. If you can no longer buy the things you need in cash people are typically willing to trade goods and services for precious metals. the way I see it if the worse happens and we have a collapse ill be able to provide for my family. if it never happens then my children get some gold and silver when Im gone. so its a win win

[@lantzfamilyadventures5845]

Hearing these prices makes me about cringe at today’s prices but I still feel it is a good investment for the long term. Premiums are at a crazy high right now. I feel physical silver is worth more than the price reflects personally so I’ll keep buying.

[@armandofromthevault9775]

You have some great points about loosing money. But I look at it that when you buy a product eventually it wares out and you dispose of it then have nothing but with silver, currency and constitutional silver you will always have something at the end and hopefully with inflation you will have more. And if you enjoy it do it. Thanks and great video.

[@SilverDragons47]

Armando from the Vault yeah it is true your silver won’t wear out and will retain value over the long haul for sure!!! I love it! 🔥🐉

[@silverlion5384]

I paid $2100 for a 55 inch rear projection tv in 2004, gold was $300 . The tv is worthless. I could of bought 7 ounces of gold, and had $10,500 @$1500 an ounce and bought a 70inch 4 k tv for $3,000

[@hardmoney8560]

You're very right about people being underwater on Silver. I sadly bought when silver was spiking in 2010-11. I've managed to get my average per ounce price down over the years, but I'm still a shade over 20. Silver is the worst investment vehicle around....until, you get a crisis. then Silver kicks in as an insurance policy. But if you want a return on investment...I'd say, invest in dividend-paying stocks and some real estate...save cash in gold. Stack some silver, but pray you never need to use it.

[@SilverDragons47]

Tim Reed yes I do hope I never need to use it... i’m still stacking hard tho! 🔥🐉

[@SilverNitrate]

In terms off holding silver long-term, I think it was you who explained it best - the quarter produced in 1964 bought 1 gallon of gas. That same quarter, in terms of dollars, will still buy a gallon of gas. Really made the explanation click for me when I heard that. Aloha my friend!

[@SilverDragons47]

Silver Nitrate yep holds its value for sure!!!! 👍🏽 thanks my friend! 🔥🐉

[@adrianjos04]

Any who paid high for silver can still trade the gold/silver ratio to increase their stack without adding any more money

[@HoosierCarnivore]

I have a lot in my stack that was bought at $30+/oz so I'm buying what I can now at today's lower prices to help out. I also bought some graded old coins that have gone up in value some, so I feel pretty good about that. I do believe silver & gold will go back up so I think of it as buying silver while it's on sale

[@SilverDragons47]

IndyGlockMan I think it will go up as well.... Stack on my friend!! 🔥🐉

[@Klaatu2Too]

@@SilverDragons47 In the past month I have bought $40k worth of gold and silver. This stacks with the silver and gold I bought in the 2000s when gold was $460/oz and silver $4.92/oz. I have been a coin collector since the early 1960s so I also have a lot of silver I got at face value or a little more.

[@fiatdestroyer9716]

Interesting, Dragons! Good video. Some of these things are common sense, but then again, a lot of people don't have common sense. So many people think silver is an investment, and don't realize the actual processes necessary to acquire capital gains through silver. Love your vids, keep up the good work!

[@SilverDragons47]

Fiat Destroyer exactly! trying to bring that knowledge 😁 thanks so much my friend!!! 🔥🐉

[@inalienablerights]

I am stacking for my children. I started 4 months ago, and have zero interest in selling.

[@patrickaguayo1651]

What your opinion on getting boxes of circulated half dollars, quarters, etc. to “hunt” for silver at face value? I’m thinking of getting $500 in half dollars to search through, especially since silver is relatively high right now.

[@LassieFarm]

Some mint's silver tarnishes, tones, or milk spots quickly. Gold doesn't have that issue

[@eddieslittlestack7919]

I was buying back in 2013 & 2014. Bought Canadian Maples, Philharmonics and 1 and 5 ounce bars back then. I don't regret it, honestly. The value is still the same, the priced changed, but the value didn't. When the pirice of silver jumps up 50¢ or so in a day I something's like to look at them 2013 Maples to remind myself that if I liked silver for what it was back then, then I still like it at today price. 👍@Silver🐉!

[@SilverDragons47]

Eddies Little Stack yes the value is still there for sure!!!! stack on my friend!!! 🔥🔥🔥🔥🐉

[@jeffclaterbaugh6415]

I talk about all these things within my circles. You haven’t said anything wrong. Personally, because mine is an insurance policy for the doomsday scenario of the Fiat collapse, I never ever feel that I am underwater.There has never been a single piece of silver that entered my stack that has any chance of seeing daylight until the doomsday scenario occurs. I’m hoping it was just an insurance policy that was never collected on.

[@TIOMKIN1]

I bought silver back in 2012 all the way up to 2019 and my average cost is around $21.00 I'm in the hole a little bit but not that much if the silver price keeps going up. Thank for the honest down to earth report on silver pricing. Out.

[@SilverDragons47]

TIOMKIN1 I will say though even a cost average around $21 is not as bad as some people who are over $25... I always try to be very transparent... thanks for watching my friend! 🔥🐉

[@spanishfly7709]

I bought my silver last year in may starting at 14.83oz and stopped at 18.05oz im about $600 over my total purchase price.

[@ladyb648]

I am fairly new to stacking and always had mono of, "Don't Put All Your Eggs In One Basket". I'm stack both for retirement. I really appreciate your insight and honesty and enjoy your content. Thanks a lot 🤗

[@SilverDragons47]

LadyB you are welcome my friend and thanks for watching!!! 🔥🐉

[@michaelt2974]

Excellent video. I think another thing not talked about is what percentage of overall assets stackers put into precious metals. I am over 50 and I totally blew it by not investing much in stocks. I think younger people should only put a small percentage into the metals as a disaster hedge. But just go back and calculate what you would have if you put the money spent on metals into the s and p 500 the last 5 years.

[@SilverDragons47]

Michael T yeah I put most of my money in my 401k but it is very important to diversify into PM just in case the worst happens 👍🏽🔥🐉

[@vegasstacker3857]

Buying hand poured is like buying jewelry, you have to pay a huge premium for it but who cares? Never selling, it's not an investment, I'm not trying to make a profit on silver... admit it guys, silver stacking is an addiction.

[@SilverDragons47]

Vegas Knights yeah if you wanna talk premiums jewelry is crazy 😂 it is SUCH an addiction 😏🔥🐉

[@stevencouitt4286]

So true I have had an addictive personality, I have to force myself not to buy at times due to limited income.years ago it was baseball cards spent 3600 dollars in one years,now the are only good for starting my fireplace.😂

[@anglership9563]

I agree I collect silver because it’s fun

[@RoostedFilms]

New to the stacking thing, can’t wait till my stack looks like the pile on your table. good talk thanks.

[@SilverDragons47]

Roosted Films thanks my friend you should see the full stack video that I just posed 😜🔥🐉

[@chevrolet355]

We love Harry and Adrian! I wish I had a local coin shop with guys like them. They are so humble and honest. Hard to find nowadays

[@jysportscardguy8935]

Thank you for saying this. I was just thinking tonight that the premium is like paying for inflation upfront. It's not until silver surpasses spot and our premium cost average that it becomes better than cash..

[@bigwo56]

I bought my first silver Eagles back in the late 80's when I was a kid, at around $8.00-9.00 each! That said, I WISH I had bought LOTS more at that time! Not only has silver gone up a bunch since then, there are some dates of Eagles from that era that are worth a lot more numismatically! Keep on stackin!!

[@SilverDragons47]

bigwo56 wow that is crazy!!!! 😮😮😮 I wish I could stack eagles for $8 each... insane! 🔥🐉

[@bigwo56]

@@SilverDragons47 yup, silver was WAAAYY cheaper then!

[@martinromero2045]

Have you forgotten how inflation works? 8 dollars in 1980 is now worth $24.89

[@icmull]

@Joel Nelson its more like 10% now. So he was better off buying silver than holding fiat. But almost any other investment would have done better. Stocks, commodities, property, classic cars, comics, wine. Silver and gold have done rubbish, you arent going to retire on it. Buy property if you want to rich, buy silver if you are frugal and want to sleep at night.

[@glevy17]

I love silver and coinage, mild collecting but I stack for the future. Forced savings is a good term I like to use. Good retirement plan to go alongside my 401k and other savings options for me and my son. As a single father with very little family, gotta find a way to save and preserve.

[@Paranoid-Philosopher]

Stacking gold and silver is my favourite way to save.. ☺ Great video, buddy..

[@SilverDragons47]

Paranoid Philosopher it is the best way to save for sure! thanks my friend!! 🔥🐉

[@chris-hu7tm]

I bought 15 coins in 2 months, on average 26 dollars per coin. I blame it on being a beginner, I know I probably payed to much but I wanted to start stacking. Now Im much more cautious

[@charlesreid196]

Same hear. Was keen to get started

[@chrisscott8368]

My guy is awesome... He pays 90% and sells at 100%. Numismatic ect is a little more. But that's what he does for constitutional and rounds/ bars. He's also so full of knowledge and helpful when you've decided WHY you want precious metals.

[@50srefugee]

At this point, I'm not buying as an investment--started too late for that. I'm buying a little to have something I can buy food with In The Event, whatever that turns out to be. Anything will better than a pocketfull of wastepaper.

[@simonthomas5113]

I agree you have to overcome a buyers premium and then a sellers premium. Not expecting much profit if any, but lots of fun to own, and nice possessions.

[@SilverDragons47]

Simon Thomas yeah not much profit but overtime it is well worth it rather than having money in fiat 👍🏽🔥🐉

[@EmeraldDiamondAdvisors]

I’ve been stacking since 2011. Actually flipped my first monster box of maples that I got at $31 each, for $38 to Tulving when silver ran up in price. Then started stacking again in late 2012 when the prices were around the same as today. Those same coins have held their value, even though I would have gotten less for them had I sold too soon. I am now $3 above my dollar cost average, and my coins and bars have doubled in value. Libertads, Lunar series, & Pandas. Even my NTR, ScotiaBank, & Johnson Matthey bars hold a lot of value since they are no longer minted. I have no regrets, especially now that they are taxing silver purchases!

[@agussw8908]

the silver price today needs to be at $124.00 oz. to match its peak average closing price of $36.00 oz. in 1980.

[@agussw8908]

the peak price for silver in 1980 - $36.00 - is now $124.00 oz. What this means is that in inflation-adjusted terms, buying silver at $36.00 oz. in 1980 and selling at $48.00 oz. in 2011 resulted in a real loss of fifty-three percent.

[@agussw8908]

Having some silver coins on hand offers some peace of mind against the possibility of currency collapse and civil unrest. Investing in silver, however, is ineffective as a long-term monetary hedge because silver does not hold its value. Crazy predictions for much higher silver prices are unwarranted and unsupported by historical performance.

[@totoro1972]

I was lucky to have bought large amounts of gold and silver in 2008 when it was at its lowest. I just wish I had doubled my orders!

[@SilverDragons47]

tone penley thanks is awesome! yeah 2008 would have been a great time to buy 😂🔥🐉

[@bryantlucas6006]

Hey man I work for a multi Billion dollar business that offers the highest graded gold & silver coins lower than the market price, we have quite a few rare coins as well. If you are interested reply with your number & I will contact you this week.

[@jennc8554]

Lucas Dantes why not just put the information out there so we can all check it out?

[@weekendjail1417]

@@jennc8554 We all know why lol

[@RKie-hv6ci]

Thanks for the very honest experience sharing. I am new to buying silver, at April 2021, silver spot price 26.1, and a silver eagle is $37. I am very hesitant to really into buying because just as you honestly said, I will immediately lose all the premium after I pay for the silver. If any other “investment “ tells me I will lose that much % after I sign the deal, I will never buy. So I am still trying to decide on silver....

[@silverbeancounter]

I don't know Bags. I think you're off base with this. Most active tubers now started Stacking in 2014 to now where we've been in this trading range. I bet we all have similar averages. Plus so many strategy and tips vids out there. I'd say silver stackers talk about everything because it's about sharing info. Plus making stuff up or exaggerating gets called out. Nobody likes to be fed miss information.

[@SilverDragons47]

Silver Bean Counter I agree that most KZbinrs are open and honest for sure! i’m not trying to call anyone out i’m just saying that I haven’t seen a ton of videos about these topics... also yes best community for sharing deals that I have ever seen!!! 🔥🐉

[@leoarguello2]

Hey good question about spot price, per JM Bullion this is what determines spot price, “... A spot price is the fluctuating market price for an asset bought or sold on commodity exchanges contracted for immediate payment and delivery. The spot price of silver is determined by the forward month’s futures contract with the most volume. At times this contract can be the current month or it might be two or more months out in time.”

[@SilverDragons47]

Blackcrow I think that it’s slightly more complicated than that, but I will say that futures do seem to have an effect for sure 🔥🐉

[@adrianjos04]

Buy it with money you don't need.

[@jduff59]

I'm a fairly new stacker, but I noticed one thing right away. Patience and the ability to resist buying is as important as any other factor. Just in the past month, there has been a lot of price activity, but I wanted to see if there would be a trend, and even though I've spent on some spot/close to spot deals, I'm buying small amounts to test the waters. Just this past week silver has dropped quite a bit, and right on Black Friday, It appears as we may get closer to 20 dollar-an-ounce silver on Cyber Monday! I'm glad I didn't buy a large amount 2 weeks ago, when I did buy a couple of small pieces. I wanted to see how the service was with a couple online dealers. They passed the test and if silver drops below 20, I'll buy some more. I want to have enough silver to live on for a few months - just in case, and I do plan on supplementing my IRA and 401k with gold and silver. I like the fact that I can hold it in my hands. Who doesn't love the feel of silver and gold in the bare hands? Again, my thanks to Silver Dragons, who's been my online guru these past months.

[@depthbrewedrollers.8793]

Awesome information. I would like add about the 1000. You suggested to have in cash. The real amount to have in cash, aside from your regular income is “your brake even number” times 6. Here’s the quick math to find your brake even number: add all your basic needs for a month to total a dollar amount, plus rent, car note, phone bill, insurance etc. and multiply by 6. This is the amount you need to keep securely stashed somewhere in case shtf. This amount should follow you for the rest of your life. Only until amassing this amount you should consider investing or playing with your cash.

[@kellenl9823]

There’s always bad with the good and very few people willing to point out both sides. For this. We say thank you!!

[@SilverDragons47]

Kellen L you got it my friend! I am trying to be as transparent as I can 👍🏽🔥🐉

[@joecoool100]

You forgot to add in the fact that inflation runs at least 2 percent per year... and that’s if you use the government numbers. We all should know it higher. Good video

[@SilverDragons47]

joecoool100 yeah probably wore like 4% if we are being honest 👍🏽🔥🐉

[@budgetbullionstacker1950]

It’s kind of like stocks. You buy in believing that it will hold its value if not go up. It’s a gamble but less of one than stocks.

[@luciengraves6452]

Josh Cravens Less than stocks? Since 2009 the stock market has more than doubled. Furthermore, stocks pay very good dividends as well. Silver was 14.67 an ounce in 2009. 1,000 dollars invested in the stock market would be worth well over 2500 dollars today. 1,000 in silver invested in 2009 is worth a mere 1150 dollars. If you invested the stock dividends in silver, you could have doubled your money and still have about 25 ounces of silver.

[@budgetbullionstacker1950]

Less of a gamble than stocks in a sense that stocks value can drop to $0. Silver will never be worth zero in my opinion.

[@budgetbullionstacker1950]

Also I’m not saying not to invest in stock either. There are many good stocks to get involved in. People always misinterpret what I say

[@SilverDragons47]

Josh Cravens I believe the price will fluctuate but the value remains somewhat constant 👍🏽🔥🐉

[@saddle8bag]

The difference is, good businesses make money which makes them more valuable in a stable economy. Metals increase in value as currencies devalue. As what's about to happen here shortly in a big way.

[@jerrywaters4814]

This something I’ve been thinking about doing, but saving my money, so that when the bottom of the price drops out the bottom. Which I believe it will. If we do go into a depression gold and silver will come down significantly. In fact everything would come down significantly. Think of the 29 depression, my grandmother lived in that era.

[@SilverDragons47]

jerry waters usually it’s the other way around. when we go into a recession the prices of gold and silver will go up significantly 🔥🐉

[@FinnishArmy]

Currently, I'm at 41oz and I'm up by a little over $100 if I were to sell it all right now. But I'm planning to keep buying. Silver for me is a hobby more than an investment, once I need the money 10-15-20 years from now, then I'll be selling. I sold 3 oz a couple days ago just to test out how easy it would actually be to sell my stack.

[@thomastaylor2395]

That's great advice. You should always have at least $1,000.00 in cash no matter what. When I buy silver, I try and hang on to it for at least five years or more, depending upon the spot price of silver.

[@lastfirst5689]

Just started. So far I've bought 3 silver items and my decisions to pay the price I have has been naive. They'll no doubt get cashed in after my death but in the meantime I'll keep them and look at them with a fond smile

[@bobmarley-xu1pi]

When you buy anything even a house you are in the red at first

[@veritasfiles]

People talk about premiums all of the time. In fact, I think that they talk about premiums so much that they're virtually obsessed with the topic. I think premiums essentially don't matter, so long as the buyer is comfortable and they try to get the best price that they can at the time. You shouldn't be buying Silver unless or until you have a small emergency fund. And that emergency fund should be growing as you buy Silver. Silver is a long-term hold, so the fact that you might have purchased Silver when it was at $42/oz shouldn't be meaningful, so long as you were buying wisely. What do I mean? I mean that you should be dollar-cost-averaging so that as the price goes up, you are automatically buying less, and when the price drops, you are automatically buying more. So long as you're doing that, the ups and downs shouldn't matter. Given that the dollar is in a state of constant slow decline, your hi-dollar Silver purchased during an uptrend will eventually still hold or preserve more purchasing power than the declining dollars that you are holding a decade or two later. So long as you're D-C-Aing and holding long-term, all of this stuff is relatively superfluous. A lot of Silver stackers just don't care about their cost per oz because it won't matter at the end of the day. For the most part, that's a short to medium-term concern. I don't expect to be concerned about any price of Silver unless or until I either lose my job of nearly 20 years, the economy goes into a genuine real-time collapse, or I'm retired and end up needing some kind of supplementary income. Hopefully, I won't be selling my stack at all, and I can pass it on to my children. But any concern over price won't enter my mind for at least 15 to 20 years, and I've been stacking for more than a decade. I don't agree with people who are stacking Silver just to flip it for Gold. Gold is your ultimate savings account, but until the ratio drops to at least 50 or less, Silver is the far better buy. Plus, you want to have diversity within your stack, which is why people should ultimately be stacking multiple kinds of metals. Gold, Silver, and Copper are money. Gold for high value, Silver for moderate value, and Copper for low value. Copper is only worth collecting passively under spot (i.e. pre-1982 copper pennies). Silver is the best current buy due to the Gold to Silver ratio. And Gold is your most dense store of wealth that should be the last metal you seek to sell.

[@SilverDragons47]

veritasfiles wow lots of good stuff in here! I will say that yes dollar cost averaging is a great way to purchase over a long period for sure... I think that most new stacker don’t really understand that it’s a long term hold not but today and sell when it hits $50 an ounce... that is mostly who I was talking to... the GSR is very wide and for that reason I agree silver is a better buy RN... stack on my friend! 👍🏽🔥🐉

[@SalivateMetal]

Some good honest discussion on silver. I'm trying to balance my personal gold to silver ratio by buying more gold. :)

[@MetalBum]

SalivateMetal me too sir

[@SilverDragons47]

SalivateMetal yeah I really need to buy some more gold but right now it’s all silver for me... thanks for watching my friend! 🔥🐉

[@wraptonic]

So you say silver shops are like GameStop ? “I’ll give you 5 dollars for those gold eagles” 😂

[@ThomasJamesArt251]

It's funny when you hear people say you can't eat your gold or silver, but the truth is, you can eat your gold and silver you just cannot digest it!!

[@SilverDragons47]

B Prop 😂😂😂 also you can’t eat paper currency either 🔥🐉

[@druegillis1744]

You can eat dollar bills but they taste like musty paper.

[@tallgoofyb]

I got my philharmonics 3 weeks ago for $1.25 over spot or drumroll please $16.35 😁

[@ehrenkrause9861]

I bought 7 Britannias in the same ballpark. 😊👍 always a good deal

[@vegasstacker3857]

JM Bullion has 10 oz Silver tube starter pack (1x10 rounds) @ Spot Price, limited 1 per household, check it out.

[@thomasjensen6243]

@@vegasstacker3857 almost all bullion dealers have this promotion

[@SilverDragons47]

Tippy Top gotta love those sales!!!! I really wanted to snag some but I wasn’t able to at the time 🔥🐉

[@vegasstacker3857]

@@thomasjensen6243 Yes, some charges taxes some don't, I didn't order from Provident because it's not as a good deal after tax.

[@PumaPete]

Anyone who buys silver and needs to sell within a short time shouldn’t be buying silver in the first place.

[@lmomeny]

16.00 an ounce? True but now at 26.00 and change. There is risk in all investments but physical silver will always be worth something as opposed to fiat paper or silver paper in a government bank somewhere. Good video.

[@scottbrown7227]

I am sure I am repeating someone. It depends on your Time Horizon and your goals. Dollar Cost Averaging will work with many investments including silver. I just subscribed to you, and I really appreciate the great information!!!!

[@DebbieRC2024]

Thanks for the info. Great info, When I first started stacking it was 20 a ounce so I know what your talking about.

[@censorbureau]

Meh that's nothing. I started in 2011 went in heavy 2012. $35/oz looked like a good deal after seeing it hit $50 and all the excitement abt $100+ coming "soon". My stack lost $15k in dollar value since then. Still holding, 8 long years later. Adding little by little at these low prices, down to a $30 cost average.

[@SilverDragons47]

Coin Star Silver Searcher you can still get that average down with the prices right now 👍🏽🔥🐉

[@kathrynj.hernandez8425]

Great channel. A unique, informed perspective. Love Mike's comment on silver (Rethinking the Dollar Channel): "Get your weight up!"

[@SilverDragons47]

Kathryn J. Hernandez thanks my friend! I’m trying to get my weight up 😂🔥🐉

[@FinnishArmy]

Once the media starts talking about silver, SELL. Take the profits, no matter what you think will happen, it WILL tank after the media advertises it. Exactly what happen with Bitcoin, after the media showed it off, it tanked under $6k. And that's when you start buying again.

[@SilverDragons47]

FinnishArmy you do make a good point there! If I did sell though I would not want to hold my money in fiat currency... maybe real estate or something more stable 🔥🐉

[@tomhensley3947]

Great video! Question: Can you talk about silver cleaning? (or not!) I'm new to silver stacking and I love having the shiny rounds and bars in my collection, but there is a lot of negative talk about any coins that have been cleaned. "ruins their value" I don't see how this is true if we are buying just for the silver ounces in our stack. Thoughts?

[@aframesq]

Kind of know Its going to be a bad investment. I buy it for savings, it's harder to spend when its silver than paper.

[@kathrynj.hernandez8425]

jeff m: Great point. I just put it out of sight.

[@davidcawrowl3865]

@@kathrynj.hernandez8425 like in a credit union safety deposit box (not a bank)

[@SilverDragons47]

jeff m you are not wrong... it’s the best way to save!!! 🔥🐉

[@jrodagormykid9063]

I'm fairly new to silver stacking, but I notice almost no one into stacking silver or gold ever mentions jewelry. In 2007 or maybe 2008 I bought a 56 gram 22 inch 8mm figaro sterling silver chain. I bought a matching 8 inch 8mm figaro bracelet, if i remember right I paid about $250 for the set. I wonder how much that same set would be today? I also had some gold, a 5mm 10k 20 inch rope chain and 5mm 10k 8 inch rope bracelet and a 10k gold ring with a beautiful black onyx center with a genuine diamond accent on either side of the onyx and a 23k gold plated Bulova watch with genuine diamond accent chip hour hands surrounded in those s. Crystals i can never spell or pronounce. I don't even want to know how much that whole set would be these days, ugh!

[@TeufelhundenGrunt]

Love your videos keep it up.

[@SilverDragons47]

TeufelhundenGrunt thanks so much my friend!!! 🔥🐉

[@miket2394]

The loss I suffer through premiums and spreads is insignificant compared to the Asian financial crisis of 1997 when national currencies were devalued by as much as 50% against the US dollar. Living through those times taught me to value precious metals-Gold and Silver. They are real money and they maintain their value throughout time and history. I have no complaints about spreads and premiums, I usually get the cheapest silver anyway. I am in for the long haul. Holding silver is a much better deal than holding fiat currency.

[@SilverDragons47]

Mike T wow you could not have said that any better! holding fiat scares me to death 🔥🐉

[@66block84]

My first silver Eagles cost $9.00, I kept buying up to $42.00. I was still working so was thinking long term. As the silver cost dropped, I thought it wouldnt go as far as it has or stay this low for so long. The gain or loss comes at the time of sale, so still not selling just yet, but someday.

[@paulskierski8271]

He's right I bought silver 10 years ago I'm glad I have it but I paid way more than it's worth now that's what's keeping the price from going up everybody got burned

[@Stupid_you_so_stoopid_UHF]

That's everything in a nutshell. I still remember drinking with friends and my friends back in 2004 and I had conversations about dropping $1000 on bitcoin. Wished I made that decision then as I thought of bitcoin as a bigger farce then our fiat currency. Seems like a dumb invisible idea can manifest into unrealistic logic looking back.

[@QoraxAudio]

That initial cost of buying metals is what I call "overhead" and it's why it's not suitable for short term buying/selling. It'll always go up in value over time, so it typically won't take long to reach the break even point and your investment will start make money. 5:30 this part of your video didn't age well... lol! As I said, it'll ALWAYS go up in value over time... but it might take a long time if you've bought it at a peak! So, always try to buy at a dip, this gives you a headstart in order to overcome that overhead costs.

[@amarineae]

I'm happy you have these videos. 2024 now and looking back at the prices during when this was posted. Wow. Now $32 spot silver. If you knew then what you know now wow

[@trackpackgt877]

As I write this silver is $26.92 I buy when it's high when it's low in the middle I bought a lot when it was like 12.90 an ounce last year still buying when it's 26.92 just not as much it'll all even out I'm sure it'll be more than $27 in 20 or 30 years when I sell. I enjoy your videos

[@RandolphRelicRecovery]

I buy silver for the fun of it. If I make some money on the way that's a good thing. I've also been buying $50 direct purchase a month worth of Ford stock every month for years. It costs approximately $1.15 per transaction. I think it's important to have a diverse investment plan. Tax deeds are one of the most profitable investments I've made.

[@SilverDragons47]

Randolph Relic Recovery I don’t buy single stocks but I am putting a lot into my 401k. diversity is key!!! 🔥🐉

[@sierra-legacyavila]

I will never swap my silver for gold. I buy both, but mostly silver.

[@SilverDragons47]

Sierra-Legacy Avila I was in that camp originally BUT it is nice to get gold for free if you play the ratio 🔥🐉

[@silverlion5384]

Because silver is mined at 9 ounces for each 1 ounce of gold, and silver is used in medical, solar panels, electronics, phones electric cars, Silver will be at parity with gold. 1 to 1 value

[@robertoh.20]

@@silverlion5384 hmm keep dreaming 😁 that will never happen, going by looks alone, gold is more beautiful and desirable

[@silverlion5384]

@@robertoh.20 when the ratio of silver to gold coming out of the ground is 9 to 1, and most of the silver mined every year is used in industry, and the current purchase of physical silver is 84 to 1 , and when the manipulation in the futures, ETF, and paper market end, silver will naturally go to at the very least, silver will be $150 per ounce. We havent even discussed the monetative easy, money printing.

[@78Prowlerspud]

If you are comparing silver price to the current fiat currency price your missing the point. If it comes to a time to use your silver as a wealth management tool it will not matter what you paid for it. You will be better off buying now and who cares about the current fiat price.

[@MeldinX2]

Also if you don't buy over the counter, you are usually losing alot of money since they charge quite a bit for shipping. And unless you buy in big bulks you will be alot more underwater. I've had shipping that cost like 8-10$ extra. And that's not worth it.

[@Ontario100]

Both Gold and Silver are too high today for me. I will wait for prices to go down before I buy gold again. Thanks for the plain speaking in your video. 👍

[@FLmetalhead]

I understand the dealers not giving you the premium back when you sell because they have to make money, but giving under spot I think isn’t right. The spot price is the spot price and you should receive that when selling.

[@darrenbetts2987]

I’m pretty new to stacking. I bought a rare esoteric book a few years ago for £120 and sold it a couple of weeks back for £375. I’ve bought silver with that plus bought more with money out of the bank. I figure if I don’t buy silver then my money would leak away into who knows what. Buying silver I’m at least saving it in real money which can be traded or sold for fiat if ever needs be. So far I’m up to 25oz.

[@Ziegen-Sauger]

Great video Mr. Dragon, thnx for bringing the topic to the table. My own personal case: I am a small professional investor, so investing to profit is my work. Gold (a monetary precious metal) is a small part of it, Platinum (a commodity) is also a small part of it. Silver (a commodity that almost behaves like a precious metal) is not part of it. Silver is passion, addiction and opportunity. Silver/Gold ratio is a reference. It is interesting how much stackers take it as dogma. It is not an index, it is not a driver, it is just something to help you when you will take a decision. I have a small database of each one of my rounds, bars, coins. I know exactly how much my stack is worth,what is my net profit or loss, etc. I have exchanged silver for gold and is one of my things. However this is where my investor mindset probably helps: those numismatic, high premium, or high valuation items like the Perth Swans, whenever I have a subset f my stack where I can see clear profit/valuation, if I can get what I want in gold I do not think twice. The challenge is the amount of emotion stackers put into their plans. Possibly related to the expectation of a FIAT collapse, zombie apocalypse or other preper related catastrophe. For me holing an Eagle in my hands is a feeling second to none. This is why I collect them. For sure it will be something I will gift to grandkids or similar when time comes, but finding that 1890 Spanish Bullion as large as a 2 Oz Perth Lunar, grabbing Queen Beasts and Britannias, this new Germania series, it is a lot more than the cash value. I dare to say for whomever wants to hear: do not expect to see Silver a $100 per Oz, not today, not ever. We will have sudden but temporary spikes. Those are the times we should not think and sell. For the example mentioned with the Philharmonics, that was a sellers market ,NEVER one should buy Silver at $30 per Oz. Actually, I think a lot when buying an Oz for any over $19, this is why I go for the collectibles mostly. My personal interpretation is that us stackers are expecting too much from Silver, something won't happen certainly in the next 10 years

[@SilverDragons47]

Paulo Leocadio yeah people stack for all kinds of reasons... SHTF, investment, savings... I am stacking for savings.. 🔥🐉

[@christofour217]

In 2011 we saw the ratio drop to 30-1. In 1980 we saw the ratio drop to 16-1. I fully expect the ratio to keep dropping once again. But one thing Silver stackers never mention is how dirty your hands get handling 90% silver coins.

[@SilverDragons47]

Christo Four 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂 yeah that junk does get pretty dirty 😏🔥🐉

[@JoshJorg44]

I'm new to this so please correct me if I'm wrong but what about this. What if your average cost was $20 an ounce and then you waited for the spot price to go up to $40 an ounce and then you sold all of it. Then you would have profited $20 an ounce. Then you could wait for the price to fall back to $20 an ounce again and buy twice as much.

[@VerticalStacker]

I guess I’m from the school of thought that says you don’t lose money until you realize the loss. If you buy it and then sell it the next day, chances are you will realize a loss, yes. You can mitigate that potential loss by holding longer term, and even turn a nice profit should you so choose. This is similar to the stock market, you can dump $25,000 into stocks, and if you sell when the market is down, you will realize a loss. If you hold and weather the storm, you will likely realize a gain.

[@raginggamer2109]

My thought is you have not lost any money yet until you sell it. If spot is lower than average you lost, if its higher then you win. I know u know just talking out loud lol

[@SilverDragons47]

Silver Bugle yeah if you never sell you never lose! I agree... honestly converting monopoly money into real money always seems like a win to me 😏🔥🐉

[@mnesbitt100]

11:50--The G/S Ratio was briefly at 31 in April 2011. That was a crazy week. Silver was up to $49+ and then it crashed.

[@SilverDragons47]

HOOKSHOT was that intraday trading or end of day? I can’t imagine the ratio being that tight and not trading for gold 😂🔥🐉

[@charliedee9276]

I like the look and history of constitutional silver, it's cool holding in my hand something that has been around for 80-100 years. I buy it when I can just to stash, I do buy gold and palladium also. All strictly for long term, I don't trust banks. The gold has done good for me, I started buying it in 2000 when it was around $260 an oz, I bought quite a bit then on the advice of my dad. Good move considering it's at $1481 as I type this.

[@SilverDragons47]

charlie dee wow you have done very well on gold! I like the junk as well 👍🏽🔥🐉

[@CSAN]

Nice eye candy with the spread on the table 👍

[@SilverDragons47]

Coin Sense And Nonsense thanks CSAN! I like to throw some out every now and again 😏🔥🐉

[@theradiounderground7298]

Smart move on the long haul. Just be sure to educate your kids on it

[@SilverDragons47]

silver Fox oh they are getting a full education on precious metals I can guarantee that! 😏🔥🐉

[@monsterhuntervideos4446]

Started stacking gold and silver a couple of months ago. I have 45 ounces of silver and 1.25 ounce of gold. Luckily if I were to sell now I would get 4% below spot, but that would still trump what I paid originally including VAT and premiums because of how much Gold and silver has gone up over the last month. I’m hoping for another down surge before buying again.

[@blanchy]

I just started a week ago, yes, if my collection averaged $20 an ounce that would be crazy.

[@okaoalal3144]

@donkey kang I bought a generic Buffalo 1oz of silver at my local coin shop for 35$ is that good or bad I’m new to silver shopping

[@spec019]

You give lots of hints about what not to do , Any hints for a newbie on WHAT to do? How to get silver near spot and the best places to buy it?

[@SilverDragons47]

john babcock yes check out some of my more recent videos as well as my stacking 101 series 👍🏽🔥🐉

[@jay-rus4437]

When I first started stacking I bought and sold numismatics to help reduce my cost basis. I have my tubes of silver marked with the cost average for each tube, but once I figure in my profits from numismatics my cost basis is around $13 per oz or so. Only have about 350oz right now. Im now stacking with a set purchase on Monday of each week. Every monday evening I get to place my order, and every week I get to open up a nice package of shiny silver 😁

[@SilverDragons47]

Justin Russell that is great that you keep such good track of everything! stack on my friend! 🔥🐉

[@lucyrand2751]

I WAS stacking during the highs of early 2010s. Cost average really doesn't matter if your buying it as a true hedge. The day my silver sees daylight it'll be worth WAY more than my average.

[@1989Falkor]

Try buying some silver today lol. I bought some last week, cant get it this week.