Silver is the Best First Investment

The benefits of owning physical silver are numerous, and that is why I believe silver is the best first investors. New investors don't have the wealth to invest in a business, real estate, etc., and stocks just don't have the benefits of owning silver. Starting by investing in silver, rather than other assets, helps you develop a well-rounded philosophy on investing and personal finance. Thanks for watching! Enjoy my videos? Donate in Bitcoin: 1P94S6U6Upob4gjH1HwfnNcYqGmW2gUbr1 Support my channel on Patreon: https://www.patreon.com/silverfortune

Comments

1. Haven't bought any yet, buuut I just found out that in my state, gold and silver are exempt from sales tax!
2. Those lion coins look gorgeous, what are they called? Are they made to look like poker chips?
3. Agreed!!! Silver is a wise choice but make sure to diversify. It's never a good idea to put all your eggs in one basket. As long as you're putting some eggs away you're on the right track.
4. But maybe I need to watch the vid again but not once did you show that silver is better than equity in a company. Traditional investments
5. Stupid idiot
6. I love my silver. I wish I had bought silver earlier in my life.
7. You're so right about savings. I'm terrible with saving as I love to spend, so I spend my 'savings' on silver and I can't easily just blow my cash. I'm up to almost 100 ounces now. Aiming for 1000 :D
8. Nope, silver is the best investment ever! I can not picture any other investment with so much potential. The only other thing I want is maybe 20 ounces of gold but that's it.
9. I started buying when had almost 100 thousand in bank and making $9,51 INTREST a month. I had sold all my stocks except the ones using DNA for cures and started buying silver. I am more at ease because if banking bubble burst I got silver and will not lose a load to negative INTREST which we were right at.Yes still own 1000 shares of FB and will keep until it drops to about $900 a share and will still come out way ahead of what bought it for but today see it is yesterday at $127+ and bought in after the IPO between $18- $19 a share. Silver to me is one of the best investments for the long term .If stock market and bank bubble burst I still have wealth no matter what I plan to buy more since DOW went over 20016 and silver will go back down again where it will be a good investment in long run.I can afford to buy gold but it it went say $5000 ounce where would you get change at a store .Oh yes get plastic money like the government wants us to have so they know our real wealth.I started buy 90% silver in 1980's 50 lbs dimes,quarters and 50 cent pieces and made my money back selling Kendianty pieces to cover those investment and still have a load of 90% coins and one day they will be worth at stores more than face value..I have greatly enjoyed your pod cast since stumbling across. I be a little dyslexic please ecause my spelling but at 63 years old I do a lot better than most would believe.I use be a surveyor and civil engineer and lost jobs when told was dyslexic even though there was never errors in my math work now writing reports was another story but the ladies that typed my reports knew of my situation and would always fix my spelling.I have turn on a load of people to your pod cast and bet they are as devout as I am to hear your talks.
   Glenn
10. I thought I was the only one that thought of store products in terms of ounces of silver. I would pick up an item in the store (that I didn't need) and say to myself this is 2 more oz of silver if I put it back.:):):)
11. Unless you are a talented trader or very lucky "metals" are not the best choice for growth. Putting a silver coin in your drawer and waiting for it to grow in value, is a waste of time, energy and capital. metals have been in a trading range since 2011. Metals pay no dividend, they are bought at a premium and are not as liquid as many have been led to believe. You pay a fee buying and selling like any retail item. A portfolio should hold no more then 5% in precious metals . A stock index fund would serve the investor better or a ETF dividend fund. Unless you are waiting for a zombie apocalypse metals are a poor choice for growth. If you bought at silver high in 2011 you are still 50% down and have wasted 5 years in a dead investment . Every investment has risk but stocks do pay a dividend while you wait for them to rise metal do not.
12. Good points made here. Buying silver is better than wasting your money on unnecessary consumption.
    
    However, buying silver is a poor investment.Very poor.
    
    But buying half a dozen ounces instead of a plush puppy, is not really classed as investing is it.
13. Silver stacking is saving that feels like spending, that is why it is a great way to save. As long as you don't buy out of your means or pay too high a premium for items that are unlikely to return it when sold.
14. I have a question. If you look at the historical gold and Silver Price with inflation adjustment you can see that the prices are still high today. And compared to the amount of money printed the prices are still a little higher than that ratio. Your thoughts?
15. My story? Alright.
    
    I hate this world, I mean I despise it with a freaking passion. The people complain on and on about how fake everybody ELSE is, but take the complainers to task and you'll see they're really no better by any measure. The money's fake, the living conditions are fake, the wealth is fake, and even though America is the most advanced country in the western world, the people still bitch, whine, moan and complain about how bad they've got it.
    
    I look forward to the mathematical inevitability of the crash of the system. I love corrections and facts. I love the truth, especially the painful truth. The painful truths people don't want to acknowledge, the truths that obliterate the normalcy bias, the truths that harm everyone, including me. Why? Because consequences of the truth cannot be ignored.
    
    I started stacking after two Youtubers caught my attention, one of them you mentioned her: Chris Duane (GreatestTruthNeverTold) and StormCloudsGathering. Both taught me about the history of money, why it worked, how it worked, what inflation and deflation were and the ramifications there in. They, along with many others, taught me about the history of the world, and gave offered me wise words from themselves, as well as history's greatest philosophers. Chris got me into Ayn Rand and I read Atlas Shrugged, which didn't do much for me since I pretty much saw how the story would play out after the first 8 hours of read time.
    
    Money only works because people are told it works. Fiat money only works because the government says so in what ever country it's in.
    
    And where goes the money, so go the politics.
    
    A quote I'm sure you're all quite familiar with is: "Let me issue and control a nation's money and I care not who writes the laws". ~ Mayer Amschel Rothschild
    
    Some attribute this quote to Nathan Rothschild, but it doesn't matter which of them said it, or if either of them did. The fact remains that it's true. Those who control a nations wealth, control the nation and are able to print their worthless paper to purchase real assets and wealth, and even more so, to lend to governments at interest to create enslavement of the people who adhere to the government as the cash cows the taxpayers are.
    
    Worst of all, as evidenced through the fall of Rome and the Winmare Republic, irresponsible issuance of worthless money always lead to a crash and fracturing of land masses.
    
    Silver and gold are the greatest protections against the bad money system, where a dollar can buy a gallon of milk one day, and barely a quart the next. Inflation and deflation aren't controlled by the free market, but by the money changers and manipulators, and subsequently, all labor and fruits of that labor.
    
    Fiat money was a paper promise of the silver and gold. Bank accounts with debit cards are now the promise of a promise. And now people are moving to crypto currency like Bitcoin. Which is a promise, of a promise, of a promise.
    
    As far as I'm concerned, if you don't hold it, you don't own it.
    
    Silver has held value through out human history as a currency due to it's: A) Rarity, B) Store of value, and C) denominational. Metals like: Iron, Steal, Nickle, and bronze are too abundant to serve as a currency, while other metals are radioactive. Gasses and Liquids can't serve the purpose of acting as currency, and things like wood and rock are also too abundant/heavy to be used efficiently.
    
    Gold, Silver, Platinum, Palladium, and Rhodium are the only metals to fit the criteria to act as money. (Fun fact, Rhodium was around $9,000 during the 08 crash, while gold barely broke 1,800.)
    
    Once I figured out which of the 5 metals was more worth my time, and by that, I mean cheap enough for me to buy at good pace and would appreciate the most over time, I went with silver. Hopefully SBSS is right in thinking that most of the silver in the world has been destroyed through industrial usage while gold was treasured, leading to a much more favorable ratio of silver to gold in the long run.
16. Me and my wife decided to start in precious metals as an investment/savings, myself i was buying silver a few Oz every payday. My wife wanted to invest in gold but it was more difficult because of the higher cost. About 6-10 Oz silver to 2-4 Grams gold ever month.
    So i made a deal with my wife that we would just buy silver (basically double the amount we could buy) till we hit about 250 Oz of silver then we would sell/trade off enough to buy a few Oz of gold/platinum/palladium/rhodium then work our way back up to 250 Oz and do it all over again.
17. I wish I had more of those coins
18. What got me started was grandma gave me a coin collection. $6 in 40% halves, about $33 in constitutional junk, and four silver dollars.
    
    One of the dollars was minted in 1881! I thought it was so cool to see all the old dates. There was $20 in halves, including Franklins and walking libertys.
    
    Weeks after receiving the coins, I looked up their value. I was blown away at how much $40 in mixed change was worth. Then I started to watch the spot price and started to look into acquiring more silver. Watched a bunch of i boxing videos and other YouTube content and looking at charts.
    
    I made my first purchase about five months ago. I can only buy a little at a time.
    
    But it's way better than buying a PlayStation game or another pocket knife, etc.
    
    Buying silver scratches that shopping/purchasing itch in a similar way to getting another knife or guitar or whatever. I spend. It comes in the mail. I'm giddy to open it. And then the stack grows.
    
    I'm steady stacking and got my stack to over 100oz with my last purchase. Some of the purchases are only 5-7 oz at a time. But it all adds up.
19. Within a 9 months we will have the longest credit cycle in history (9 years) with the weakest performance ever (below 3%). So prepare accordingly.
20. stacking is like eating a elephant 1 OZ at a time!!!! :)