Silver Pushed DOWN Tomorrow – Friday You PULL THE TRIGGER

[00:00:00] Speaker 1: The price of silver has had a massive drop over the past seven days. We're looking at a $15 drop from top to bottom. I just got back from my local coin shop to, of course, buy some of this silver. The bad news is when you tack on the premiums and where I live, the taxes, it's still really difficult to pick up this metal. It truly is. But here's the good news. Over the next five days, as this week rolls out, we have three factors. We have three reasons. Three things that are pushing a thumb down on the silver price to keep it going lower. So by Friday, you may be able to pick up silver at your buy price. Check this out. If you're interested in silver, click that link in the description. Money Models is holding this contest. They're giving away 20 silver eagles, 20 eagles every month. I put a link down below. Don't leave 20 eagles sitting on the table. Don't be that guy. Click that link. Be the next winner on that list and take home that silver. When I went to this coin shop today, my goal was not to pick up one or two maples or eagles or rounds. I actually wanted to go big. I wanted to pick up a kilo. And the price offered for the kilo that I was looking at, actually I have one right here to show you as an example. I wasn't looking for a regular brick. I actually wanted to pick up one of these because I have one already and they're just so cool. I wanted one of these giant kookaburros. And I love these. This is just one kilo of silver. I really love how these look. I love the edges. The rims are so cool. So this coin shop where I live, they were selling one of these. It was actually in an NGC holder. And they were asking $5 over spot for each ounce. So that's already $150 over spot. And then where I live, I have to pay taxes on that because it would still keep me in the range where I have to pay taxes. So it would end up being like $11 over spot. I mean, for each ounce, $11 for each ounce, it just was not worth it. The one they were offering was in an NGC holder. I'm trying to show you on your screen there. You see that? Now, these sell for double the price on eBay. These are selling for like $4,000 on eBay. But don't be fooled. That's just an eBay price that somebody somewhere is asking just to rip people off. They're not worth $4,000. They are not. This is a kilo of silver, like any kilo of silver. And really, $5 over spot plus the taxes bringing me to $11 over spot, that's not a good deal. It's not. So I actually turned it away. And instead, I went with one of these half ounce proof gold eagles. Because these proof eagles were selling, just as recent as last year, they were selling for $400, $500, up to $600 over spot. That was the premium for proof eagles. But now that gold is so expensive, those premiums have totally collapsed. And it's actually a great time to pick up any gold if you could afford it. Because the premiums are just, they've just been annihilated. So it's great for anybody who's interested in picking up gold. And that's why I ended up going with this. The premium was really, it was great. I mean, it was just the same as buying any gold eagle, except this is a proof. It's a proof eagle. It's really a great time for that. Now, what's coming this week for you and I in silver is really very exciting. I'm really, I'm not looking at a crystal ball. I'm not telling you, oh, here's your financial advice. Start buying on Friday. I'm not telling you that. I'm not. What I am telling you is that if you look at these factors about these moving pieces regarding silver, it's really looking very exciting for our price to come down even farther. The first thing we have coming is Friday. We have the jobs report. Oh, sorry, Thursday. Sorry, I misspoke. It's this Thursday. We have the jobs report coming out. And this, everyone looks at this for silver because if employers are adding more jobs than expected, then the Federal Reserve could feel more comfortable keeping interest rates higher or they might even be comfortable raising them. And higher rates often creates pressure on silver. So that pressure could push this price even lower. And I know many of you OG silverbacks like myself, we're looking at $50 as the buy price, right? That'll be just great to get silver down to 50 bucks. Oh, it'll be so exciting. And by the way, if you are an OG silverback, please drop that in the comments. I love meeting you guys. Just write OG silverback. Just drop that in the comments. I love knowing that I'm not the only one who's been doing this for 10 years, 15 years, 20 years, right? It's great to meet you guys. The other thing we have coming this week, and this is really big, we have like the world's top central bankers all in the same room. That's what they're doing this week. They're going to be in Cintra. I think that's how you pronounce it. And there's going to be, Warsh is going to be there. Lagarde is going to be there. Bailey, right? They're all going to be watching for policy changes. And they're going to be listening really for every comment about inflation, every comment about interest rates, about economic growth. Any of these small changes could impact silver. So whenever these bigwigs get into a room, we're all watching. The other thing we have coming, and this is why this all like leads up to Friday as a great moment for silver price to be dropping to where we want it to drop, is we have the manufacturing reports, right? From U.S., from China, from Japan. All that is coming out. I believe that's coming out Thursday, those reports. So if manufacturing looks like it's slowing down, that means industrial use for silver is slowing down. And whenever that happens, we see an impact on the price of silver, right? Those are three major factors, major reasons that silver in general through the years has always been pushed down. So this is a very exciting week for anybody who's looking to buy. If you're looking to sell, this might not be your week. But if you're looking to buy silver, I see Friday as a really exciting time. How much of this silver could you have stacked since COVID? Once you hear the real math behind what was possible, your stomach is going to drop. Check this out. When COVID hit, the government put out its stimulus checks. We all remember this. And those numbers, I don't know if you've forgotten this, but that added up to $3,200 per adult. $3,200. Now, at the time, the 2020 average for this silver was $20. Yes, $20 an ounce. And wouldn't you love to just have 80 ounces of silver sitting in your hand right now? Well, check this out because the numbers get even better. That 80 ounces, if you're looking at a conservative spot price of between $50 and $75 an ounce, let's look at that. That would give you between $4,000 and $6,000 today in value if you put that into silver. If you kept it as cash, then you'd have your ratty $3,200 with nothing to say for it. But you put it into silver, you're getting almost $6,000. Now, watch this. It gets even more painful because here's where these numbers really get crazy. If you had stacked just one ounce of silver, again, five years ago, silver was at $20 an ounce. If you stacked one ounce a week, which you totally could have done, that means you'd have 260 ounces. I'm just showing you 40 ounces here. You'd have 260 ounces of silver today. And for this conversation, at a window of $50 to $75 for that spot price, you'd be looking at between $13,000 to $19,000 in value just by getting one a week. Look, if you're looking at silver presently and you're thinking, oh, it's out of your reach, it's so expensive, you're not going to believe this. But back then, people thought $20 an ounce was enormous. They thought it was out of reach. They thought it was too expensive. They were waiting for it to drop down to $11 to $12 an ounce. That's how it was just five years ago. And I'm telling you, three years from now, five years from now, seven, 10, people are going to look back at the prices we're paying now, these spot prices. We're going to look back and think, oh my God, they were giving away silver. That's how this metal works. That's why silver stackers are screaming it from the rooftops that silver is still cheap. Buy it. I'm not giving you financial advice. I'm just showing you the history of this metal. And really, it's clear as to where it's headed and where it's going. Look, if you bought, again, think of silver being $20 an ounce five years ago. If you bought 10 ounces a month, which you totally could have, 10 ounces a month, that's nothing crazy, you would have 600 ounces of this metal today. 600. You'll be looking at not these tiny little rounds. You'll be looking at, sure, tubes, filling tubes, definitely. You'll be looking at, here they are, bricks, 100 ounce bricks. Six of these, six. Here's two. You'll be looking at six of these 100 ounce bricks. Massive. Just in five years. That's how this metal moves. Well, get your own silver. Click that link in the description. Thank you, Money Metals Exchange, for sponsoring this channel. It's a great contest. Every month, they're giving away 20 silver eagles. 20 eagles every month. Click that link. Be the next winner on that list. Take home that silver. And I'll see you on the next one. [00:09:24] Speaker ?: Thank you.