This is Why I am DONE With Silver and Will NOT be stacking more of it in 2021 - I AM SERIOUS!!

An interesting discussion.

Hi 

Yes I agree it is a very interesting topic. From what I heard, your argument rests on the interest rate rising and thus the causing the price of silver to fall after its climb. 

I think it is entirely possible this could happen, although I think because the amount of free money the main governments of the world have given out (USA, UK, Canada, Aussies's, some of europe) to raise interest rates in the short term would be mad as many of these loans would default. Especially as many of these loans are backed and guaranteed by the government.  I can see, interest rates rising in the future maybe after 8-10 years. Once we have established ourselves after this pandemic.

Although I must admit you do raise a good point, about rising inflation and in that instance, yes you are right we would have rising interest rates, but I suspect if that was to happen, the government will try as much as possible to stop interest rates rising. But ultimately the price of precious metals would fall. 

I personally think the silver price will rise and set new highs continually for a few more years. I would proceed with caution, but ultimately there is risk in everything. Silver is just another form of investment, look at the housing market, its been pushed up massively by all this free money and leverage people have. The silver and precious metal market is no different. 

Love your videos and a massive fan. Keep up the great work!

BYK 

Great video. 

If silver reaches $30+ I will start selling my silver I think. 
I have been buying recently, mainly the scottsdale, Mexican stuff & the dog privy - but I feel the same now. 
I am used to £20 Brits, you are probably used to lower prices. I don't even want to buy proofs tbh. 

One thing. You posted last year I think about not buying Gold as its too expensive. 
Its not gone down much and is on an uptick, what changed?
I have been buying a lot more gold since it dropped, but will stop if it goes over £1,350. 

I think its sensible to sit on cash from my perspective, but I probably looking at investing in long term dividend stocks in a crash. 
You are right about interest rates, but not sure it will happen this year or next - too many debtors, but maybe it will?? 
Hopefully not as I want to remortgage. 

I still think they are not done with this lockdown and vaccine passport stuff too. The end game has not been met.
Something is round the corner, I can feel it - Something major, which in practice should be good for the metals. 

I always enjoy your videos and there is some good advice in this one BUT I don't agree that silver proofs are worth paying even higher premiums over bullion.
Proofs look great and even with limited mintages when it comes to selling in say 10 years you could ( like me ) get very disappointed in what people will pay for what was perhaps a "hot" coin when issued. Many beautiful silver coins will unfortunately spot and that blemish on a mirrored background will totally spoil the coin.
Not every coin will tone and spot but many will so less people want to pay the premium for a non-perfect specimen.
As for buying gold, personally I think gold will fall in value soon and may take a very long time to recover as stock markets and global economies jump up a gear.
When and if gold falls a bit I will likely buy some and if silver rises I will start to drip feed to pay for the gold.
If there was a secondhand market in good platinum without the VAT I would also buy more platinum.
Now that I am depressed after listening to your video I need a cup of tea and go watch a film !

.

Apologies, my post wasn't entirely relevant; Henry Weston's finest made my brain dither and dather quite a lot last night ...