Viewer says SILVER Was His WORST EVER Financial Loss!

[@stevegoering]

As with any investment, there are risk...sometimes you win and sometimes lose...pure and simple...If you don't take a risk you will never know...

[@tertiaryobjective]

Silver isn't for trading. Age it like fine wine, I just got my 100th oz. 2000 rounds of ammo. Clean water, food, heat, all the other stuff is already taken care of. Stewart's comment is spot on!

[@iamgabriel5823]

Agree completely.

[@patrickpearl169]

Only way you lose is if you go into this hoping to make big bank immediately. Silver price goes lower and higher. Only lose if you sell at lower price. Better off hanging on as price goes up and down and if it scares you that much wait to price comes back to say least what you paid and sell

[@mattbower3580]

Really liked this video.... Great questions with great answers.

[@jasonseynour6735]

It’s not about losing profit. It’s about saving value

[@briansthilaire5470]

He lost money because he bought high and sold low, that isn't the metals fault that's his fault!

[@hightonesdrifterkent6600]

yes... but alot of it has to do with a spoofer named Jamie Dimon

[@FathomFrequency]

May have been more his genius friends fault. I imagine he had in mind the solar and E.V. industrial use cases would moon it. Which actually is reason to think it will be held artificially low

[@theviperman1947]

💯

[@Uncleprepper1]

Correct.

[@low-keyobserver8539]

I don't get why people do that. Stocks can go to zero but precious metals never will. Just wait.

[@interstate80.]

I actually did really well with the silver market. 5 years ago, I was 12 years old and I started buying silver coins and bullion with birthday money or Christmas money etc. At this time, silver was hanging right around $16-18 an ounce. Then the pandemic hit and prices went crazy. I sold most of my bullion and some junk silver (I kept all my Morgans and a few really nice ones) at $28 an ounce and I made around $1,000 in profits, which was huge for a 14 year old. I managed to buy my first car when I was just 14 years old. I’m going to be a senior in high school and I still drive that car. I still think I traded 4 pounds of metal for 2,600 pounds of a different metal. I’m still growing my stack, and obviously I have a job now, so it’s a little easier. I just convert 10% of my paycheck into silver. Anyway, that’s my story. Thanks for reading, and have a nice day 😀

[@dougm2250]

Way to play the market! Good job.

[@superstar5123]

1,000$ get you a car? Wish I lived in the middle of nowhere

[@interstate80.]

@@superstar5123 no that was the profit I made. The car was 3k and it’s a 1994 Toyota Pickup 2wd

[@theviperman1947]

@@interstate80. Good job!

[@Mtnsandoceans]

Good job !

[@montanastacker]

I’ll be waiting for the next video. Great job as always. Have a great weekend!

[@stevenrowlandson9650]

I started in 1990 and I am still in the black plus value appreciation. You got to buy right and sit tight.

[@JPeck]

i watch your videos because you are level headed about stacking. thanks for being a voice of reason

[@jefflwadfordjr.1128]

Love it. Keep stacking.

[@devolatif8698]

Well we are now in a great depression situation! HIDE THE SILVER! It will SKYROCKET! God bless you and everyone!

[@dane3038]

Learn the trends. Buy Low and sell High. Do not buy high and hope it keeps going higher.

[@DanMan-u1b]

Excellent video!

[@Teacher-1388]

Always good information

[@pmtime407]

That's because he bought it for the wrong reason. He bought it to make some quick currency. It should be bought and held to preserve part of your wealth when the currency devalues.

[@scotts1356]

I disagree about the dollar. I think the dollar and the petrodollar will fall within the next 3 or 4 years. Countries have already traded the Yuan for oil, rather than the dollar. That's scary! Things are different than today than in the past. Our government is no longer respected around the world and China is slowly taking over the world economy. The dollar will fall, unless our government does something about it. That's why I stack generic rounds. It's the lowest cost silver and can be used for bartering or exchanging items.

[@customer9845]

I once purchased a tube of maple leafs for $44 per oz(2011) . But I have also purchased multiple hundreds of oz at $5 per oz (1999 -2000). It all balances out if you are not in a rush to sell.

[@Crypt0fin]

exactly, I'd say the thing to always buy is numismatic silver and gold as they tend to go up in value and typically stay there sure if there is desire for fiat during recessions which can drive the value down temporarily. This guy should have held on until he broke even granted it would be 20-30 years out.

[@customer9845]

@@Crypt0fin I was a collector long before I became a stacker. It’s funny, AE and Libertads were the cheapest sliver in 2000

[@Crypt0fin]

@@customer9845 I agree that was when I bought most of mine now everything is so expensive it only makes sense to buy numismatic graded coins as those will most likely hold their value even in a down market (although some will decline ever so slightly). I started buying silver at $7 an ounce then stopped at around $13 an ounce. I only had a small amount of gold as I thought $500 an ounce was kind of pricey when I started buying then when it shot up to $1000 I felt dumb for not buying. I still think gold is slightly undervalued right now. Same with Silver.

[@villainmetals4201]

agree and long term you will get back your premium.

[@iwansetiabudi1]

Yes, agreed. When spot price goes to $15, no one will sell physical silver that price. BUT IF YOU WANT TO SELL them at your LCS, they will offer you the spots..or maybe extra a buck or 2… it’s a bad investment.

[@emmanuelellis4996]

Lol😂😂😂 panic selling! Why not just hold on to it?

[@anthonys239]

I’ve had just the opposite happen for me. Timing is everything!!

[@theodoreboosalis]

Yeah. I wouldn't care if I got cut in half. The thesis is strong - there's no way other than a flash crash that the price levels can sustain lower over a long period of time. My time horizon is LONG!!!!!

[@quarter-py4nr]

You don’t loose money until you sell. Can’t buy high and sell low.

[@interstate80.]

Well you can, and apparently this guy did

[@madmattdigs9518]

Yeah, why did he have to panic, and sell it right away at a loss? He should’ve just held on to his silver. Let it go down… buy some more. It will definitely be above $40 again at some point.

[@donnywolf9250]

Thanks!

[@derekcannon7583]

Saving my silver for a rainy day!! Thanks!! Im new stacking!

[@SilverGooru]

One of the best silver videos I’ve ever watched. Always appreciate the honesty and transparency. It’s refreshing to hear an expert talking about NOT buying into the FOMO and the story of your dad. With that said, I’m still stacking! Keep these videos coming…

[@moneysaversilver]

I really like the fish tank and doorstop idea that was definitely thinking outside the box

[@kevinbounds9837]

Don’t sell. Ugh

[@josefsorgiovanni721]

Looking at silver as an "investment" is the first mistake. If you feel like you can't buy and hold for atleast 3-5 years I wouldn't bother because you'll loose out everytime.

[@tommykirwan6764]

Spot On Again SS! RESEARCH anything you plan to invest in. I made the rookie mistake of buying silver from the "Oldest & Most Trusted" coin catalog when I first began stacking. Lost a few hundred $$$ before I got wise. Silver is a Long Term Investment, & you Will Benefit - IF you're cautious & have Patience.

[@villainmetals4201]

great video SS. I agree with the comment that cash is like food in the fridge ready to eat and silver is frozen solid and needs defrosting before using. I purchase silver every month as a force savings for me. If it wasn't for silver and gold I would not have accumulated the true savings that i have today. I sleep better at night knowing if I need cash for an emergency, I can sell some silver or gold to get that cash. It will always be there for me. Hopefully I won't ever need it and I can pass it down as generational wealth.

[@Basher22093]

Worst loss ever? Went from 10k to 6k? Psh. Son, you must not have been in the investment game too long. That’s nothing.

[@tertiaryobjective]

Indeed, I did crypto for 2 years, having 10k swings in my portfolio overnight was a regular occurrence.

[@DIYivan04]

Gold isn’t only insurance for a SHTF scenario, it’s diversification of wealth, aka insurance. If all you’re money is tied up in banks and brokerages and the market tanks or banks fail, you’ll still have your gold.

[@georgehorner1578]

Morgans and Liberties will always have the silver content but also the antique side of the hobby,

[@georgehorner1578]

also they closed silver mining in Mexico

[@ericritari3103]

I too bought some $40 silver but I still have it and view my stack as a savings account

[@CoinCrew]

Another Great Video, thanks.

[@PMStacker72]

Back then-08 was a banking/real estate crisis, today’s crises is different-cliché some would say but anyone with eyes to see can tell we’re in deep 💩 ss, this economic crisis is a monetary reset to CBDC’s, border, food & water supply issues imo I believe this time is different we will need to keep preppin the essentials and I to agree silver will be used later down the road if it gets that bad great topic as far as the guy that lost $ on silver-well you never loose until you sell” but I get it everyone’s situation is different I hope he’s back into stackin👍🏼

[@iamgabriel5823]

I also feel that this time is different. We have lost the security of the petrol dollar which was the only thing propping up our money. Keep on prepping. You are going to need that stuff.

[@jasonking7729]

I've been watching silver my whole life. If there's going to be a "zero" value these days, it's $20oz.

[@billyyoder8171]

In the famous words of Jenny, "are you stupid or somethin?" 1. Buy high and sell low. Must be a Democrat. 2. Hold it till fiat currency fails. Must be a Constitutionalist.

[@maguscrowley4645]

I used to spend 50 or 60 bucks on a Polo shirt or something. Now, if I want to spend money, I might spend 50 dollars on an 1856 seated liberty half dollar. If I had to sell it in a pinch back to coin shop, I would only get 30-35 dollars. That is a lot more than a shirt would fetch.

[@mprbiblebelt]

Plenty of stores were selling physical for 13 plus a couple bucks over spot in Austin at the beginning of the pandemic. I bought all I could at that time.

[@badgerreviews2699]

Great video idea!! Keep it up

[@hagbard72]

My worst financial loss was in not buying property five years ago. I've easily lost hundreds of thousands by that "decision".

[@5ivestring]

My worst financial loss was buying a lot of motorcycles, some over 30k. Cars I didn't need but only wanted. Divorce, that one hurt. Having 1 professional musical instrument but deciding I needed 5 more. In other words my own decisions were my own worst losses. My best decisions were not selling on the dip but buying instead.

[@greensmash]

Silver is the best investment going forward in the next two years.

[@mandredan9227]

Even when it was 50 dollars you could only get in the 40's for it .

[@richardmetcalf2346]

👍 It is a lot easier to part with a dirty sheet of cotton fiber greenbacks that a beautiful piece of silver or gold. A great savings vehicle!

[@iamgabriel5823]

I remember several years ago I was whining about paying $17 for a silver eagle. Oh, how I wish those $17 ASE days were back.

[@anthonytomasso5973]

At the end of the day we could always use someone else’s perspective on a situation to make your own conclusions of what’s happening or what’s going to happen! Thanks brother for your input!

[@williambush7971]

When asked I tell people metals are not an investment. They are nothing more than an insurance policy the day that the dollar becomes worthless. If they day ever comes silver and gold may keep you from starving.

[@roberth3722]

At times I’ve questioned my silver purchases because it hasn’t benefited me . . . yet. You brought up some very good points and I feel that it has helped. Thank you.

[@carmine619]

I stack silver because I believe the economy will one day take a turn for the worst and an economic train wreck is inevitable. I believe the day will come that silver and gold will be used for bartering on a large scale. It's good to have precious metals and be prepared.

[@kmac9736]

Its the same as stocks! If you are emotional with your money, better to not invest and just stuff you savings. Lowering prices arent realized until you cash out! All you have to do is hold on to it until the prices do go up. And they will. The stats say so.

[@opeters-fc9mn]

I have a very secure silver system that is focused on constitutional silver. Buying rounds is a very shallow or lacks reinforcement. I have made a fortune on purchasing slabbed silver US silver coinage. I will buy morgan and peace dollars at about $30-$42 per coin in a slab and with a grade. I am secured on every level. Plus, I have zero counterfeits, and I possess American silver coinage that by itself carries a collector's value, and in another security, safeguard is that I can hand anyone a slabbed morgan that states years, mint, grade and every detail. Point being is that your random bars, rounds, and eagles are not accepted because of the huge counterfeiting. my system has had zero counterfeits at over 5000 ounces.

[@TheQuickSilver101]

I'm underwater with almost none of my silver or gold. I know not everyone does this but I believe that timing your buying, while it does take discipline and some research, really is helpful. Thanks, Silver Seeker!

[@Crypt0fin]

buying numismatics helps too typically that will go up in value over just raw silver value.

[@opeters-fc9mn]

I have a very secure silver system that is focused on constitutional silver. Buying rounds is a very shallow or lacks reinforcement. I have made a fortune on purchasing slabbed silver US silver coinage. I will buy morgan and peace dollars at about $30-$42 per coin in a slab and with a grade. I am secured on every level. Plus, I have zero counterfeits, and I possess American silver coinage that by itself carries a collector's value, and in another security, safeguard is that I can hand anyone a slabbed morgan that states years, mint, grade and every detail. Point being is that your random bars, rounds, and eagles are not accepted because of the huge counterfeiting. my system has had zero counterfeits at over 5000 ounces.

[@Crypt0fin]

@@opeters-fc9mn I agree the only time I would buy silver rounds is when there is little hype and major price corrections that spell a buying opportunity otherwise they are mostly risky especially with premiums these days.

[@cerealaugher]

so, we can now say silver is not only manipulated by paper, but it's now manipulated by the lcs/online retailers with premiums popping when silver drops in spot price

[@SilverSeeker]

No... two totally different things.

[@silverlion5384]

When silver was about 12 a. Ounce , I pyrchased 5 ounce libertads for $85 and American Eagles for $16

[@Somewhere-In-AZ]

$26 ten years ago is not the same as $26 today. My strategy was to hedge inflation mostly but it sort of works differently than I expected. Also, dealers charge A LOT! I learned this very late. Cost me 20% more than it should have. Live and learn. I guess it beats stuffing a mattress with paper, but not by much. My IRA is worth less than what I put into it. Gains never seem to make up for losses. Considering inflation it’s worth FAR LESS. Work 40 years and have little to show for it.

[@ninjatvlv6101]

silver is basically a savings account. if anyone keeps falling for investment then idk what else i could tell ya that the people like silver seeker, SD, and yankee say. if it goes up its a win. if goes down its more of a win cuz i can buy more and sit on it. personally im looking at metals as a retirement account. but thats just me.

[@bigstyx]

I bought gold in 2002 when gold was around $300.00 an ounce I paid even a premium buy purchasing it from the US mint in 4 coin sets at $750 percent even though paying over the spot price I have to say it’s still was a good deal in the long run buying 1.85 ounces for $750 people would jump all over that today. It’s all about timing and the world to hang onto your investment.

[@kaplada22]

And that $10,000 was worth MUCH more then. Silver approximately halved its value while the currency also halved its value. Ouch. And I don't even take into account the opportunity cost.

[@justsomeguy404]

My ex girlfriend didn't understand why I wouldn't cash in my stack when my car broke down. Luckily I was able to walk where I need for a year until I could afford to get another car. You can't save if you spend on every little hick up. I know a car is a big deal for most.

[@booterone1]

The reason I continue to watch is your straight up levelheaded comments!

[@David_Quinn_Photography]

I think the 2nd comment was confusing paper with physical, paper 100% can go to 0 but the physical silver is used in so many things its one of the best conductors, its used in cars, phones, computers must I go on?

[@Right_Hand_Watch]

I bought since before 2000 and I sold at $16. Paid tons of debt. Happy

[@bahapanties]

That's why you have to categorize your silver. Stacking, premium silver ASE, MAPLES or collectables. You have to also calculate cost per average ounce. That's his fault. Stacking is a long term hold

[@ccarts2567]

I bought some at $15 per oz and some at almost $50. You have to watch the markets and be informed.

[@soulpatchjackson3076]

I dig you!

[@don951]

All great advice. I always tell people to look at the historical charts. If you are expecting anything different for the future the odds are against you. Buy low, sell high is the name of the game regardless of what asset it is. Cheers!

[@michaelmohrle1773]

It's never gone belly up though, it's always been worth something.

[@IsraelTorres949]

SS, thanks for this video, loved hearing your feedback on the viewer commentary rather than having to dig out the nuggets of useful feedback! Bravo, looking forward for more of these types of response videos!

[@skeetercoddiwomple6269]

I think of stacking as a hobby. Some people collect baseball cards. If you can't afford to lose it, don't spend it. Stack when you can but don't think you're going to get rich off of it.

[@baby-boomerdeb9483]

Like seeker. My “ stack” is generational. I’m buying $200 to $300 EACH month. Doing the annual average. Buying coins over rounds IF the sovereign real coin is only. $1.00 to $1 50 over round price. Last week my LCS had real coins only .25 cents higher than rounds I never buy any silver larger than 10 oz .

[@daviddennstedt9191]

I live in a midsized Mexican City. There is a rather large Solar Panel Company here. It’s one of the top ten. They don’t use any Silver at all in making their Solar Panels. I think the industrial demand for Silver is greatly exaggerated by the Silver Hypesters.

[@addictedtominisandlovingit3912]

Premiums on silver are absurd right now.

[@toma5153]

Boy, that guy never met anyone who got trashed in the stock market. Some equities drop to near zero value.

[@ItsEverythingElse]

I like that you apply common sense to the wacko opinions, like the thought that the dollar is done. It gets tiresome listening to all the BS.

[@rod6088]

So many people drink the cool-aid and buy ( what ever) at the top of any market. I feel for them, but on the other hand their loss is my gain.

[@litigioussociety4249]

One person who bought high and sold low is the worst anecdotal argument against investing in anything.

[@therealhawkeyeii7888]

That's nothing. In 2000 (or just before) I put $10,000.00 in a technology stock fund, and by the end of the month it was down below $3,000.00. I bought it at the very top of the tech bubble.

[@genesisg7022]

95 % of My Silver and Gold purchases are for my two Adult Son's inheritance. The other 5 % are stuff that I want, 😢 well I guess even the stuff that I want are for my Son's inheritance 😂😂! I can't take it with me 😊!

[@ct87gn25]

Most of my stack was purchased when silver was around $15 an ounce. Pretty sure that's a WIN for me. I don't /didn't buy it as an 'investment'. It's just the cherry on the cake though...

[@FathomFrequency]

Don't text him👆👆🤣

[@LlamaKingGaming]

That guy obviously bought silver for all the wrong reasons

[@michaelf6705]

he should have been patient, it isnt the stock market expectig fast returns.

[@freeman7296]

people buy at the high price vs. when it's low...not a surprise. back in 2017 and before, I could by silver eagles for less than $20 each all day long - no one was buying and gold too. I stocked up big and was well protected from what we're seeing now... I don't understand why it happens this way - but it does...human nature I guess. buy high, sell low..

[@glenh4971]

Lots of people lost money in silver. Its embarrassing to say the least to admit it so you won't hear it on forums very often. Commenters are ruthless and insulting instead of showing any empathy at all. Silver is very speculative and risky. Lets keep that quiet though.

[@cheeseman417]

Great video as always. Silver unlike stocks, it's a store if value, so a $10,000 investment in a company can go out of business or reverse stock split and all that nonsense, whereas silver is universal, it's a commodity, you could resell silver or gold coins from a spanish galleon from 500 years ago and people would readily buy it, but you couldn't do that with paper shares of the east india company!.

[@peteanderson1714]

DCA in metals. We are having new windows installed and the job is going really well. Guess what the tip is going to be for the installer. Yup a hand full of Buffalos

[@TimothyWhittingtonYeOldeRufus]

Long term 'savings plan'. I was buying silver in the year 2000 when spot was $4. Gold was $400. The $20 dollar bill I saved also since then doesn't buy nearly as much as it did. Glad I 'saved' in metals.

[@jimpanse1638]

I have a different experience i just bought when it was at a lower price, when i felt comfortable that its worth that amount and not out of fomo. Buy when you cant resist the low price and you will do ok. Silver is not like a shitcoin, it cant go below the mining cost for a longer period of time...

[@theodoreboosalis]

Make sure your time horizon is long - and don't be shocked by price fluctuations - further you should dedicate about 10% as "portfolio insurance" for systemic risk. That's the hedge fund mindset.

[@Rainy_Day12234]

$19 to $25 worked out well.

[@silverlion5384]

The Manipulation will end when there is no more silver to Purchase.

[@rckdee.2900]

Silver is not an investment it’s a hobby/savings alternative..if by chance the price doubles from where you bought and you decide to sell it ,then it “was” only in past tense a good investment..till then enjoy silver as a hobby that has value..

[@ultimore]

The SHTF scenario seems far-fetched, both in actual probability of happening, and in anybody's predictions about how to trade and survive. The average price I paid for my stack is about $13/oz. Volatility is the only true constant for silver. I sold a little in 2011 but didn't really make serious money and rode it back down. Hopefully, I learned my lesson this time! I think I'd sell about half of my silver at ~$100, and from there plan on buying it back at $50, or selling the rest of it at ~$250.

[@addictedtominisandlovingit3912]

You don't have a loss if you don't sell. People who buy silver with cash they can't afford to sit on, don't understand what silver is.

[@Minty.Fresh.Tunes.]

Dont buy more than you can afford at a time.

[@donaldhollingsworth3875]

I buy silver bars for two reasons. One is that I like silver over gold & my daughter will have a great investment.

[@truthwatcher1621]

2011 is when silver had a run. Not 2010. I was in it!

[@Silvercrypto-xk4zy]

We now today (august 24th 2023) have a real actual chance of going off the petro dollar sooner rather than later with the fact that several opec countries have now (officially on Jan 1 2014) joined BRICS (or whatever the new acronym will be with several more countries being added) and the whole point of BRICS is to move away from the dollar

[@FatherDuck80]

Silver and gold is a long term hedge

[@Trapster99]

I have been a stacker since 2012, yes, silver was in the high $30's range. I have not sold an ounce.