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Government Silver Seizure, Bullion Confiscation in the News | Gold Stacking Update - YouTube
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what's up you guys it's ocean here
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a seizure or confiscation of our
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physical silver and gold is clearly a
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scary thought at least for me with it
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being here i'd rather have the knowledge
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to better prepare myself than live in
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ignorant bliss i was at my local coin
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shop lcs over the weekend and we were
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talking about this development and i
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could see an uneasiness in my silver
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dealer you know if you spend your entire
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professional career as a coin dealer the
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thought of what other career path you
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may have to take in the future if the
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business you've always known can no
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longer operate
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it's at least a very sobering concept
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sure spot price charts may be down in a
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valley right now i'll tell you this
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there's an opportunity with prospect
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ridge coming up since this update i've
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reached out to a few people about the
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thought of a precious metals
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confiscation one thing that's different
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this time around is the inability to
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turn to the common objections of saying
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it's unenforceable and too few people
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own precious metals to make a
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confiscation worthwhile and i know
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examples of sales trades gifts and even
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stories of unfortunate boating accidents
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abound but there's a clear route around
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all of this to 100 percent halt your
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stacking endeavors the news on this
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silver and gold seizure is very much
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working in a way of history repeating
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itself or at least rhyming with the past
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you may be saying oh who's the genius
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who would give up their silver and gold
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i realize that if you haven't kept up
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with precious metals news the idea of a
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seizure comes across as
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a fictional story of a group covertly
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working together to take our stacks if
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the last two years have shown us
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anything it's that things we've known to
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be true aren't always as we've thought
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on the precious metals playing field
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spot prices have fallen into a canyon as
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of late and there's an upcoming break on
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prospect ridge to understand this market
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update it's critical to mention
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something about our gold confiscation
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history up until 1933 the us used gold
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coins in circulation you may know a few
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things about fdr's executive order 6102
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while this event is commonly known as
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the gold confiscation
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it was more like the nationalization of
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gold in march 1933 congress passed the
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emergency banking act without even
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reading it the bill wasn't even printed
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for congress to review but the house
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minority leader bertrand snell made a
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charismatic appeal to his peers saying
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the house is burning down and the
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president of the united states says this
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is the way to put out the fire this new
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law amended the 1917 trading with the
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enemy act to now on an ongoing basis
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allow the president to investigate
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regulate or prohibit the hoarding of
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gold by an american so fdr laid the
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groundwork and covered his bases the
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very next month in april 1933 the
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president gave people 25 days to turn
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their gold coins into the fed or the
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branch of their local bank in exchange
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for paper money the penalties for
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non-compliance were stiff up to ten
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years in prison or a ten thousand dollar
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fine which adjusted for inflation is
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over two hundred thousand dollars today
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gold owners fought the seizure in court
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and lost and gold ownership remained
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illegal until the 1970s
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the difference between then and now is
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something i need to get out there much
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like the prospect ridge resources
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opportunity
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the point i want you to take away from
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this bit of history so that what's going
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on now can be compared
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is that 1933 was not a true confiscation
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because people were compensated for the
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gold they voluntarily turned over to the
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government or the banks
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a real confiscation would be a seizure
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of assets with no compensation
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the executive order allowed each person
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to keep one hundred dollars face value
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in gold so five double eagles or 20 half
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eagles for example this time around in
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2021 and continuing into 2022 as well
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it's not going to be the same story this
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time it's also not just gold in the
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crosshairs but silver as well
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there's going to be some unhappy people
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and people who know that they've missed
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out on something the ability to hold
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physical silver and gold is going to be
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a story of the past for future history
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books
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i'm going to explain this very critical
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news to you and i gotta say
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i think there may be a way around it
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we're living in a critical time the news
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and the answer to the precious metal
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seizure is coming up
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i'm not sure if i've mentioned this
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before but every silver and gold miner i
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choose to feature on my channel i invest
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in i only bring you information on
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companies i believe in and have invested
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in myself
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prospect ridge resources passed my risk
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reward analysis and i'll tell you why
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and thank you to prospect ridge for
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sponsoring this video the us stock
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ticker is p r r
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f
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ceo mike iverson was actually retired
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before taking on this role
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he brings over 30 years of executive
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experience to prospect ridge and he
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chose to do this because of some really
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incredible results he's been a ceo
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president and chairman with a few mining
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companies most notably in my opinion he
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is one of the founders of fortuna silver
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and he built that company to become one
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of the 15 largest silver companies in
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the world personally and through his
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entities and affiliates he owns six
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million shares of prospect ridge
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major skin in the game the results i
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referenced are astounding the prospect
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ridge team are finding multiple
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high-grade gold deposits and they're
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excited
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the flagship acquisition borders the
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historic golden triangle in the middle
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of canadian british columbia
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based on initial results they gave the
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property a fitting name
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holy grail
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the neighboring properties have been
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doing very well so prospect ridge is
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combining excellent geology with
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excellent leadership the stock is high
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risk super high reward potential i
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bought 30 shares myself but this is one
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i'm going to be tracking very closely
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major drilling hasn't started yet this
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property is near alaska so environmental
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factors are there they need to wait for
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the snow to melt it's not just the ceo a
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few people on the leadership team
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actually came out of retirement or quit
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other jobs to be here for this
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opportunity check out prospect ridge
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resources now the seizure relevant to
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precious metal stackers is potential
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inflationary theft of our ability to
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stack
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you can find news from both sides of the
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aisle saying that either inflation is
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going to run hot until the middle of
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2022 or that it's going to be ongoing
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from here on out
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but there's one major bipartisan theme
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to the inflation concern
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it was just earlier this month the fed
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chair said we don't think it's a good
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time to raise rates because we want to
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see the labor market heal further and we
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have very good reason to think that will
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happen as the variant declines
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there's a couple things here one is that
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people are quitting their jobs at an
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unprecedented rate
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two is have you seen this a new variant
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that we don't know much about yet i'm
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not going to get into the weeds on this
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and we don't know what the economic
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impact will be we had super sales on
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black friday when precious metals in all
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markets dropped this was the reason
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the market doesn't like uncertainty
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precious metals naturally initially
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drop along with the markets but then
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they rise as a hedge and a safe haven
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the seizure potential is the stacker
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being priced out of the market for
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future accumulation taking away our
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ability to stack
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the way around this is to stack what you
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can now
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this way you're already holding the
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metals
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do your own research on all of this
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the decision i've made is to keep
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stacking what i can and i like
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leveraging my bullish stance on precious
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metals by buying shares of quality and
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high potential miners i'm also starting
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to increase my precious metals exposure
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in my investment portfolio i'm
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allocating even more of my savings and
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discretionary income into precious
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metals historically it's been the right
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idea and intuitively i know i'm making
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the right decision
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and i'd like to know what percentage of
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your savings or other investments do you
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feel comfortable storing in precious
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metals and did you find any good deals
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on black friday
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let me know in the comments
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hey you guys are incredible thanks for
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watching to the very end
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stack wide as the ocean
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