What People Don't Understand About Silver

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

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

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

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

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

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

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

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

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

I have been investing in medals for fifty years. Now one story that keeps haunting me is this old guy that joined us for lunch when we started talking about medals back in 1982. Someone ask the old guy what was he buying. With a rather dry unemotional voice he just said "bullets". Well it was a mix of surprise and some thought the comment to be funny. Then he explained: "With guns and ammo I can take all the gold from you boys that I need". Okay we all laughed and the discussion went back to trading metals. Now fast forward to the troubled times we are witnessing today I would argue the old guy was on target (pun intended). Yes I maintain a collection of various guns and a lot of "bullets".

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

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

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

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

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

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

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

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

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

People don't understand precious metals is not an "offensive" investment. It's defensive. It's insurance. You buy car insurance so that when you get in a wreck you're not left destitute and broke fixing your car, paying for medical bills, etc... Getting in a car wreck and getting an insurance payout isn't "winning" anything. But you get saved from being crushed financially. Physical precious metals the same concept.