Maybe it won't hit historic ratios, but silver has real value and has been used more often than gold for money. We also have strong manufacturing needs for it. Some geologists predicted it might be the first thing on the period table to go extinct. It's price will moon when investors lose their assign the stock market and bonds have negative yields. I'm gonna continue to buy.

One of the reasons many people are quietly quitting or not going back to work is because currencies and credit just doesn't excite them as much anymore - due to they're ability to purchase less and less. Everyone sees this and until a medium of exchange arrives that motivates people enough to pursue it, I agree the Gold/Silver ratio will not tighten. BUT - when it becomes noticeable that people using HARD currencies are accessing things easier, others will feel compelled to "acquire" those same metal means, and the draw on Physical will be swift & unrelenting. Add to that all those stuck in ETFS & paper contracts - choosing to stand for delivery instead holding, and have you a 5× increase in Spot-prices in a short period of time. Don't know a lot of people that'll purchase $8500 Gold but I know a LOT of people that will purchase $89 Silver. And it is that affordability difference - per completed unit, that'll tighten the ratio imo.

When gold and silver were monetary metals, 15 - 1 made sense, Now gold is regarded as treasure, or collateral. Silver is now regarded as a commodity which can cost more or less depending on demand. Silver and copper are more closely related now than silver used to be to gold. When I see my silver, I don't see the need to accumilate more, unless a particularly beautiful design becomes available to me. Gold on the other hand is treasure, and in my opinion, you cannot have too much treasure (unless your in a sinking ship).

Even though gold is down right now, because the gold to silver ratio is so high, I’m only buying silver right now (but only when I can find very low premiums). I don’t think it will ever get back down to 15:1, but believe it will get back to 40:1 someday.

Broski, The thing that hath been, it is that which shall be; and that which is done is that which shall be done: and there is no new thing under the sun. Silver will always be currency.

We haven't even begun to understand the value of silver. It's natural properties are like no other metal. The problem in computing is removing heat. There is no better metal to transfer heat like silver. Even where water cooling is involved. There is one thing you guarantee is that FIAT money will always devalue, whereas long term silver will hold its ground.

I do think that silver prices will go back up. It is being used more and more in industry every year, and more and more people are stacking in large amounts. The demand will catch up. Silver will always have value and people will always want more.

Gold is Money By constitutional Definition in the United States Of America. Article 1, Section 10..... it's literally money by legal definition. LOL

What about the BRICS commodity currency that Russia and China clearly intend to introduce? The top 3 commodities in this are gold, oil/gas and silver. So silver will be the backing for this commodity currency. It will likely be digitised and on the blockchain with gold and silver giving the the digits real value. We see high levels of inflation - this is destroying the credibility of fiat. There has been a massive expansion of the money supply - this inflation kills the currency and this is what we are seeing. Confidence is being lost. Kinesis has its KAU and KAG 1 to 1 gold / silver backed tokens - they can now be spent on a Mastercard debit card. i heard this week that the KAU is now recognised as legal tender in Indonesia and last week it started to be traded on the Jakata Futures Exchange. So this isn't a theoretical pipe dream. Gold and silver are becoming recognised as money again through the advent of the blockchain.

Never say never. As fuel increases in price, how will it be mined at 20$ an ounce? Supply and demand will eventually be forced into a realty check. What a time to be alive 🍿

The ratio it is extracted from the Earth has never and will never change, just how it's Valued in Fiat currencies and history shows us all Fiat currencies go to zero.

Very informative, thank you. 👍

Great topic! I like the way you view silver. I'm heavy on gold right now for just the same reason, I believe in the bad bad situations that gold will remain king! Thanks for the video!

The natural ratio in the Earth’s crust is about 17.5 to 18 parts silver to 1 part gold. It maintained that basic ratio as a trading medium as well, for thousands of years, until like the last 100 years. The value as a trading medium will definitely return more towards the natural ratio, and its overwhelming usefulness as an industrial material makes it even more likely to go up. The only reason Palladium is trading at $2K right now and not $500 an Oz is directly related to its industrial uses in catalytic converters for cars. Once cars go electric Palladium will no longer be as needed industrially and the price will go down. To argue that silver will stay cheap because it will be more in demand as a manufacturing material going forward just doesn’t make sense.

I do not have any confidence in our fiat currency and banking system, hence I stack precious metals to preserve wealth. Just look at Zimbabwea, Argentina, Venezuela, need I say more?

The only way we know what something is worth is through history. When fiat fails, and they all have failed given enough time, literally the only way to value anything is to go back to what came before being gold and silver. Currency has been around a long time, many have failed with the average lifespan being 120 years. When fiat fails it causes a massive upset, hyperinflation and panic. No one will trust the emergency procedures, be it CBDC’s or currency baskets with other countries. The problem nowadays is not one countries fiat losing value but all of them, meaning there will be no other currency to flee to. Governments don’t like a gold standard as it restricts the debt they can leave for their children to repay. But the people will vote and the masses will decide what they trust to save their wealth as. Countries are digging deeper into debt, printing the dollar until it collapses. America’s next round of printing will be 100 trillion and it won’t be enough. There’s no other way out of this system and when it breaks globally the public will force true money to come back. The new scams will be rejected, they only work when we trust them and people are going to be very doubtful soon. We only ever accepted fiat because it was once backed by gold. You have to revert back to basics to restore the trust again. Silvers ratio of 15 to 1 represents how common it is found and mined compared to gold, that seems a logical value. It may even go the other way as it’s rare to find a silver deposit, it’s mined as a byproduct of other metals which makes it hard to source if supply is strained. There aren’t big pure silver deposits left, price will have to improve or they won’t mine it making it rare. I easily see it getting back to 15 to 1 in the next decade.

Cbdc may (if linked to scs carbon credits etc) drive a black market economy. Most likely means of exchange that is non digital is silver (and gold).

What if gold drops down to even the ratio out? 🤔 The ratio is interesting but like you say doesn't apply very well to physical, particularly in the UK. I'm happier trying to preserve some purchasing power with gold personally especially when you consider premiums, costs and density of wealth 👍🏼

I stack silver because I want to and I have most of my life. I have never sold any of my silver for less than I paid for it. Silver at this point in time is only coming out of the ground 7.4 ounces per 1 ounce of gold. At some point in the future the GSR will have to correct and when it does today's silver buyer's and holder's will be glad you bought silver when it was dirt cheap.

Another awesome video

love that merkur bank silver bar with the scales stamped into it

I came close to purchasing several gold coins when the price hit $1696 USD the other day. But I noticed that once the price went below $1700, the cost of the coins did not continue to fall. They stayed the same, or even went up a little. So as the price fell, the dealer increased their premiums. Is this normal? Would dealers ask much bigger premiums if the price falls to $1600 or $1500?

I don't think any thing you say makes sense. Where the demand comes from does not matter. The below ground ratio is now 7 to 1 which means that earth is running out. The price ratio is above 90 to 1 which means it is extremely corruptly manipulated. The above ground ratio is not known, though some say it is 1 oz. of silver to 2.5 oz. of gold, which means silver is worth more than useless gold.

Good video, BYB. 🤜🤛

Another great video! Please more about how to play the ratios to make money. Please more

We are at a very interesting point in time, everything is currently being revalued. I am also revaluing my time and its value, when someone brings me a job do i value what they think they should be paying and offering me above spending more time with my family? Everybodys bills are being revalued, what is the new labour to energy ratio? we wont have a clue for some time. But you have to have and own something to benefit from any revaluing, i own skills that are valuable, i own tools and i own silver and all three of them will fluctuate in this volatile period. Last week i carried out a major repair on a friends car, he bought all the parts needed and in return he took me for a night out, a curry and gave me a seriously nice bottle of whiskey, no money changed hands but my skills were valued and richly rewarded, value is relative and going forward silvers value will also be relative... to everything, to nothing, to whatever... we are creating new ratios, historical ones are gone, they were somebody elses truths. But going forward values are changing, if i had a mortgage would i value paying a massive increase in interest payments and working myself to death to afford the bills? Would i value a car that is not mine but paid for monthly for the sole purpose of getting somewhere i dont want to be to earn those payments? Are some assets really liabilities? Sorry i do go on lol, but my point being as we enter this uncertain time where it seems all anyone out there has is debt, those with the nicest houses and nicest cars probably owe the money and are in debt for those "assets" and under pressure to increase payments towards maintaining their percieved status, a small drop in investments on stocks and shares, cryptos, bonds or savings to maintain lifestyles will cause a huge shift in what people value. So what assets would people like to have when everythings up in the air and who woud you even sell silver to if everyone out there cannot afford to maintain the life they had become accustomed to? But what will the silver rato be towards other items? If a car becomes an unafordabe liability and drowning in debt and just have to get rid quickly so your not paying HP/insurance/tax, old silver face here might be in a position to take advantage and i have something real in my possession to weather any storms of my own, the amount of gold i can swap my silver for will pail into insignificance at silvers real potential in a very real and true financial crisis for a significant percentage of the population.

It's absolutely draining thinking how something like education could become so inflationary. The generation before me was paying 500 a year for college education. 🤔 And then you have health care and housing crises. The risk has grown higher and the upside has grown lower.

Thanks for the videos BB, I'm really enjoying your content, especially as you're coming from a UK perspective. I am thinking of buying my first piece of silver for investment purposes, and am hoping to get near spot (£1-£2 over). I think this is an ok premium to pay as my time horizon is 10+ years. Do you agree with this rationale?

looks like wer'e in for a busy week, financial reset and new uses for silver...i think i'll take a few days off haha. great vid as always.

Great and sobering video. I’ve only been collecting silver for 3 months. Seeing as I’ve been buying 1oz coins with a mark up of around 53% over spot price (exacerbated by VAT here in the UK) then the ratio would have to drop to around 60:1 before I could break even. I do love the feel and and look of the stuff though but for me it feels more of an indulgence rather than a shrewd money protecting decision at the moment. Hope I’m proved wrong.

I don't have any silver yet but if solar panel production increases every year as we get greener energy then there will be increased demand for silver in the years to come along with physical silver deposits declining.

Yeah it's wild in 2020 that it hit 121 and it should have never ever gone above 30

7:03 yes! agree with you... well said. More so wealth protection than a new, old monetary system Very interesting 75:1 excluding the premium

The trouble with investing in an asset that is an industrial input is that these inputs have traditionally decreased in value as their demand has increased. I believe the best example is oil. As refining and manufacturing improve, the production process becomes cheaper. Industrial inputs become cheaper, not more expensive over time. The supply of (mined) silver is not fixed. Our earth is tremendously generous and people are quite industrious.

I think you are partially right. However what’s different this time is digital and physical will be used together. It’s easy and it will work when shit hits the fan. Good luck!

Are you going to call this series Surprise Saturdays? I did not expect the video today but I am grateful!

I just realized why you feel the way you do. 5 years ago, you were clearly stating that you got into gold and silver as INVESTMENTS, with the expectation of ROI. That's the wrong way to approach the metals. It is absolutely practical and possible to return to gold/silver backed currency, especially within a digital blockchain model.

I've always read (and agreed) that the price of gold and silver represents the cost of the equipment, energy, paperwork and the ingenuity to extract it out of difficult places that are normally hard to reach, along with "market forces" that would make all of that profitable. Here's one of my favorite quotes: Gold is money. Everything else is credit - J. P. Morgan EXACTLY...

This is next level stacking content. Enjoyed the historical/ mideval commentary on wealth and the fact that the world was very different when gold was money. Very interesting.

Fiat currency is in a Free-Fall right now. We WILL go back to a "Currency" that is both tangible and everybody knows it has innate and REAL value. Printing money will be out soon enough, Gold and Silver will be back in the limelight - due to their "Tangible and Historical Value"

Gold and silver have intrinsic value and is a currency where bitcon is a brainwash

As countries continue to manipulate their currencies, we may one day see a global gold standard for international trade. Even if we saw something along those lines, I don't know if that would help silver or platinum out. That will probably require more industrial demand.

For 6000 years gold and silver came out of the ground at 10 to 1, and both went into the vault. For the last 100 years gold continues to go into the vault, but silver has beencomming out of the vault going into the dump in non-recyclable products. Gold can still be found in streams, lakes and mines. Silver prospectors 100 years ago could enter the wilderness with a pick and shovel and fill his pockets. Today the shovel picks up several tons but extracts only the same pocket full of silver. New mines are not being found and developed. Oil price will make mining silver more expensive and impossible to extract. Using a pick and shovel will never return; so the question is how rare and valuable is it really? By the way the new mining ratio is 7 to 1.

As silver is an industrial metal it is being "consumed". So supply and demand will continue to help maintain its value, and potential increase considerably over the long term. Also agree silver in circulation as currency is not likely.

I appreciate your comments but in the end found them lacking - lots of assertions and no supporting rational. Why will the ration not reach 15:1? Why would it take moving silver to circulating money to reach 15:1? I happen to agree and was looking for supporting evidence - but found none here...

I like collecting sets of coins, as these coins go up in value as they get older. As well as making stacking silver more enjoyable. I see it as each way bet as you not just relying on silver going up in value. Some of these coins are already worth good money. For example 1997 British Brittanna coin as it was only available in proof version and very low numbers. But I bet it will be worth a lot more in 20 years for example.

All gold mined is still available where as a lot of silver has been used up. Silver mining is around 9 to golds 1 so it’s more than likely with the move towards EVs and batteries ect that gold silver will revert back to historical average’s

If the gold standard disapeared, or will disapear, I wonder why central banks around the world currenty keep buying tons of gold every month...

I wonder what the worth of gold/silver would be in a world wide social credit system linked to carbon credits?

first time i see this...what is the silver premium exactly...20oz spare...what does then mean? spot vs physical delivery ?,

I get your point and you're probably right in the west but the east thinks differently There are kiosks in public stores in Singapore but I think we will see the value skyrocket after the smoke clears

These premiums are out of control.

I wonder. They are finding more gold all the time. Also many Country's like India Russia and China are going to Gold backed currency. Will that affect the ratio?

Subbed

commodity backed CBDCs may have the ability to bring old school real money in to modern times

Why do UK bullion stores not pay premiums on 1 gram gold bars and certain coins when you sell them like they do in the US?

I think finding more silver uses is likely to happen in industry in the future, and that would be great, but even more silver substitutes will be found, what does one think ? anybody.

...it is money, its tangible. Digital economics means ever expanding inflation. It's an illusion.

I really thought because of how bad our economy is currently doing and how high things have gone up it would have made gold and silver go up

Never seen any one else with those star metals antique 10.43 ounce bars. I have 2. Do you remember what you paid for the premium?

Silver most conductive & reflective metal on earth! The best heat transfer metal also! Age of batteries, robots and space ships are upon us! I'd expect silver to be valued more than gold!

That's what gold and silver is now, an asset/commodity. You can always trade it in or sell it for currency. Nixon officially cut all ties to gold being money back in 1971, and then it became a valuable commodity. Then the free market decided what the value of gold was, it went from $35 to $700 in the 1970s. That is the power of gold.

I feel that silver is being held back the big tech industries and banks know how useful it is and is becoming, so to avoid people buying in huge volumes they keep it looking as an un important commodity, however I also believe that gold will be a great safety measure against the current and future inflation rates at least and a good long term investment as best. Best wishes 👍🏽😎

Technically we are all still on a gold and silver standard. Anyone in the world can exchange their local currency for either metal. In a way, currencies are just gold and silver substitutes.

I defy your statement that we won't use gold or silver as money, because Currencies die. If a currency is based on confidence, what happens when that confidence is shaken? They say Cash is King, because you prefer to be paid cash than with a promise. But Metal has intrinsic value, and the most valuable metals condense the most intrinsic value in the smallest packages. I don't believe society should ever go to a wholly electronic means of exchange, because of the abuses and technical problems associated with it. Money (physical, intrinsically valuable means of exchange) is too important, and precious metals are the most valuable form of money. I say, it is in fact very foolish to abandon silver and gold as money

Never say never, it will correct someday. We are in a different society, one that will be dissolved and the metals will be left.

I'm focused on platinum and gold. I love silver too, but I don't own any. Unless you've BEEN stacking silver, I don't see the point in starting now. But I will buy some silver maples and have them melted down to make a nice cuban link and medallion piece 😉

Eventually the ratio will have to come back to 15:1 if not better. There's more gold out there then silver

My Cuban friend said plata means not just silver but money in Cuba

I believe that silver will one day separate from gold because gold is mostly a banks Ace card for their power. Silver is a more usable and needed metal of the future therefore can be bartered for a more unleashed price.

The thing nobody talks about what if gold is over inflated and comes down to the ratio to silver

Hmmm... human nature to think something will never return to value when prices are down.. smart investors know this the time to buy!

Gold and silver have value not because a person says it has value but because you do a lot with these metals! By the way these metals maintain their value!

Very good video - time will tell. I think different societies exist which will want to do different things which means you may have more symmetry with view to a past notion of metals being used in day to day transactions and other societies will want something else - the world is not uniform. I like the silver forum but I don’t see so much on offer that is at spot price with regard to silver but I suppose the number of prospective buyers outweighs those selling at such rates. I think some silver bought from dealers is within the boundaries of acceptability that amounts to a few pounds over spot price but the vast majority is silver priced three times or more and as far as I can tell that is down to some motif or perhaps some collectible dimension and even the mintage volume. The volatility of specifically silver is I think also impacted by trading variables which can I think lead to distortions. I don’t see why a digital world should be enforced on the worlds population and the consequences of freedom and civil liberties is yet to be computed by people to my mind which will I think impact desires of people once that becomes apparent. The dangers of a universal existence with view to everything online is I think very potentially significant to behavioural change and there are many pitfalls with what you implied as being an advanced paradigm going forward. I like your videos and appreciate your thoughts. Thank you for uploading.

$100 in 1964 and earlier US silver quarters, dimes and halves buys over $2,000 worth of goods today but $100 bill from 1964 buys $100 worth of goods today.

i thought the brics countries worked on some cbdc backed by precious metals , oil, gas and other ressources

It certainly could go to 50 or 60 to 1 after the stock market crashes.

Never say never.

Where character is measured in carats. 110 years ago the typical individual probably exercised personal responsibility as a rule.

In Nature, that is metal in the ground silver is 17 to 1.

You have good take on the subject. I’m listening sir, ty!! I just want to give my very simple & humble opinion…Silver & God are God’s money, in that, it means probably more than I can comprehend. Have a great day, I appreciate ya!

if there’s a massive run again, silver will in all likelihood overshoot gold. ive just got to be disciplined enough to trade at that time. i wish i had of some 12 years ago or so. but i held. i won’t next time it does as it always overcorrects back downward. i do agree that it is highly unlikely that gold and silver will trade across the world again

So you're saying that "this time is different"? I've heard that before.

PM's are valued for many reasons art, household items and jewelry not even factoring increased industrial and medical uses. As long as population continues to grow so will the value. That being said what if for some unforeseen reason say 1/3 of the World population dies of suddenly that might be a problem.

Nice you got a degussa bar. One of my fav mints. I'm swiss btw. I disagree with your analysis tho. When the derivatives fail we will have to turn towards something else and the only thing there is is gold and silver. But I guess time will tell.

a treasure chest will be a treasure chest as long as people have eyes too see..up or down prices don't matter..if silver is 50 buks a oz a big Mac is 40 usd ...we must make it in the fiat world or we will be robbing gold to pay Paul anyway..undoubtedly the societal value on pm will rise but again it doesn't matter the long game and consistency of the quality of your life is all that matters..

the value is in the properties of the metal and silver has more technology patents than all other metals combined. when you combine this w china, russia, and brics nations starting their own gold standard it's actually easy to see a bright future really.

It would be great if we had silver coins again, though it seems unlikely.

It's not about where it's been. It's about where it is now and where it's going. I'm buying more silver than gold, but I like both.

Last year I've completely severed my 20 year relationship with silver to capture the exorbitant premiums. Most of the proceeds have been allocated to platinum. Gold remains the bulk of my pm portfolio. Cheers everyone

We have just finished an abundant cycle, never in history has so much stuff been available, however this is not likely to continue. People are starting to realise they can' t rely on power being available indefeinatly, which makes digital money obsolete. Gold and silver will always be used as money, it will become fashionable again as soceity crumbles and digits become worthless.

Platinum was supposed to be the big metal of the future 😞😞😞

I think the gold to silver ratio would be 50 ounces to one 50-1. A silver British Britannia is 2 pounds, a gold Brittania is 100 pounds. A silver eage is $1.00 , a gold eagle is $50.00 .

Silver can be used to barter, just in case one does not want to use fiat money for small priced items.

When the world announced the creation of automobiles, people back then still think that bull carts and horse carriage will still be the main transportation.

silver can stay $17 for the next 5-10 years! thats the power of Silver!!!!!!!!!!!!

Are you working for the banks, shadow governments and the elites?

If the GS ratio were to happen again it’s more likely that gold will go down instead of silver going up. After all it’s not that silver decreased in value through time but instead gold increase dramatically more. On the other hand, there’s also a good chance silver will skyrocket but that will be in tandem with gold (so less likely it’ll be a GS ratio return) as only a currency crash could possibly be one of the only catalysts for the return of the GS ratio

We can hypontificate about the future, present and past... but at the end of the day - NO ONE REALLY KNOWS.

Even the 90:1 ratio is not correct for physical silver. The spot price based on paper silver is skewing the rate. Don't discount the old people who know better either. They were, and still are, the smarter generation.