Everyone silver Joker here. Okay, so there's a lot to talk about $50 silver in 2023 $50 silver this year And if you follow my channel, you know how I feel about these high valuation predictions for silver, but I'm gonna say something that may surprise you I believe that we could possibly come close to $50 silver this year, but trust me not the way you think So today is May 31st 2023 and right now silver spot prices $23.58 and if we go over to find boi and prices calm We can see the best price we can get for physical civil rounds is around $29 And generic silver bars are over $30. Now you should be the other way around And American silver Eagles are dipping their toe in to just under $39 All right, so if you like me you stack silver round bars and a few premium coin And excluding junk silver price, but including spot price we have four different price points for our boi So what's the price here? I mean are we going by spot price? Are we going by the buy back price or are we going by how much it's gonna cost us to put physical silver in Our stacks to me This is the biggest issue facing new stickers and a lot of the veteran stickers that I follow So what is what is my physical silver worth? Now look there are lots of places you can go online that'll give you the melt value of your silver You could even do a search on eBay to see what people are paying for certain Rounds and bars and coins that kind of thing you could find out But where does that price come from? Where do they get this price and how much does spot price play in determining What your silver's worth Now I said this in several of my videos price and value are completely different concepts But price and value are just two of the things that encompass worth the third is cost Cost is the amount of seller in curves in order to offer a product or service for sale Right and the cousin to cost is what our Local coins shop owners and a lot of the boi and dealers have to deal with and that's overhead You know since most of them most of the sellers and dealers don't Produce the products that they sell to us. They have to pay a price to get them And that price in turn is passed on to us to consume Now it's always debatable how that price is determined because every coin shop owner or boi and dealer Has a different price and some of those prices are only slightly different Uh from coin shop to coin shop But some are just playing crazy and I'm sure you've come across a few of them But the bottom line is if you want physical silver You're gonna have to pay those prices and since the idea of owning or stock and physical silver is to retain some value or possibly gross Some value we want to get that silver that physical silver as cheaply as we can So when we see spot prices 2358 and then a silver ego is pushing 40 dollars We think there's something wrong and that's where I believe Stackers get confused especially the new stackers when someone predicts that physical silver is going to 30 dollars or to 50 dollars or higher Then a lot of stackers especially new stackers assume that that is going to be the value of their physical silver If I buy silver today at $25 or $30 an ounce and then you tell me that it's going to be $50 here pretty soon Then I'm naturally going to assume that if I buy today at $30 then I'll be able to make a profit when it reaches $50 So basically what they're looking for is they're looking for Spot price to be $30 50 dollars or higher in price Here's what a lot of stackers miss especially the new stackers when we talk about silver's high valuations We're talking about how much it costs to get it not how much it you can get for selling it That's a whole different subject and we're getting to that later But that's what we're talking about so in a rare real sense Silver's already above $30 an ounce and it's been there for a while. It's above $40 an ounce or close to $40 an ounce when it comes to premium coins like Eagles Those kind of things if you buy those you know that you're paying very close to $40 an ounce for that silver So in a very real sense we're already at these high valuations So it's not what you can sell your silver for it's what it cost you to get it now that is a value That is a value and that value derives from Cost from the sellers who you buy from their overhead which we talked about Now those prices are reasonable to you If those prices that they're asking for that physical silver is reasonable reasonable to you and you pay them then you value that silver above that price And for the most part the way it seems today a lot of us are doing that These sellers are taking full advantage of our willingness to pay whatever the cost so far to get that silver in our stack So in a very real sense We are setting the price for physical silver. We are setting that premium by paying that price Now I've been doing this for a long time. I've been stacking silver for a long time I've been buying silver and putting in my stack for a while I've been talking to the experts. I've been talking to people who've been doing it longer than I have and so they're very knowledgeable And this is what I've discovered you know Value is something that can't easily be Quantified using dollars, you know some things that we value will measure in dollars But not in dollars earned by it, but in dollar costs to get it right where we place the value of physical silver is in what it provides Financial securities stability a safe haven for our hard earned wealth. I mean to me I do what I have to do to earn my wealth Still was value at least for me is in helping me to protect that wealth that I've earned You earn your wealth you want to maintain it And so if there's a way that you can protect it or lock in some of the value that you've earned Then wouldn't you do that and what would it cost you or what would you be willing to pay for that Financial security for that stability for that villain that things are safe financially for you going forward And most importantly at least for me is knowing that it's in my complete control That I have complete and total access to that financial stability and that My friends that is the value of your silver That is the value at least it is for me. That's why I tell you guys that the price of silver is secondary to the amount of silver that I can start For now, you know whatever it costs to get that silver that's what I'm willing to pay I just have to come back on the amount that I can buy at any given time because it's gonna benefit me far greater than any of these Fiat dollars could in the future That's my own personal belief system and that's my own personal value that I place on my silver So what is your silver worth? Well, you have to determine that for yourself And it's not gonna be what those dollars say it is because if that's your worth then you might as well just hold on to those dollars But if you value silver for what it can do for you if you believe After you've researched and come to an understanding of what Physical silver can do for you realistically what is it what it is expected to do for you realistically And you determine that this is what you're gonna need to protect your financial health then that's where your value goes It's not in the dollars that is costing you to get it It's in the security that is gonna provide like your ammunition Anyway, I feel like I've talked a little longer than I wanted to I appreciate you guys stopping by I got some amazing things coming up that I want to share with you that deals with my local coin stores I think you're gonna find it very interesting. You know, we're just gonna keep the silver train growing Keep stacking You