Silver Seeker Insulated My Intelligence
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- Опубліковано 25 сер 2024
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The Parable of the Talents (Matthew 25:14-30) NKJV
14 “For the kingdom of heaven is like a man traveling to a far country, who called his own servants and delivered his goods to them. 15 And to one he gave five talents, to another two, and to another one, to each according to his own ability; and immediately he went on a journey. 16 Then he who had received the five talents went and traded with them, and made another five talents. 17 And likewise he who had received two gained two more also. 18 But he who had received one went and dug in the ground, and hid his lord’s money. 19 After a long time the lord of those servants came and settled accounts with them.
20 “So he who had received five talents came and brought five other talents, saying, ‘Lord, you delivered to me five talents; look, I have gained five more talents besides them.’ 21 His lord said to him, ‘Well done, good and faithful servant; you were faithful over a few things, I will make you ruler over many things. Enter into the joy of your lord.’ 22 He also who had received two talents came and said, ‘Lord, you delivered to me two talents; look, I have gained two more talents besides them.’ 23 His lord said to him, ‘Well done, good and faithful servant; you have been faithful over a few things, I will make you ruler over many things. Enter into the joy of your lord.’
24 “Then he who had received the one talent came and said, ‘Lord, I knew you to be a hard man, reaping where you have not sown, and gathering where you have not scattered seed. 25 And I was afraid, and went and hid your talent in the ground. Look, there you have what is yours.’
26 “But his lord answered and said to him, ‘You wicked and lazy servant, you knew that I reap where I have not sown, and gather where I have not scattered seed. 27 So you ought to have deposited my money with the bankers, and at my coming I would have received back my own with interest. 28 So take the talent from him, and give it to him who has ten talents.
29 ‘For to everyone who has, more will be given, and he will have abundance; but from him who does not have, even what he has will be taken away. 30 And cast the unprofitable servant into the outer darkness. There will be weeping and gnashing of teeth.’
DISCLAIMER: The content in this video is intended for entertainment purposes only and should not be taken as financial advice. Viewers are advised to conduct their own research and consult with a professional financial advisor before making any investment decisions. The creator of this video assumes no responsibility for any actions taken as a result of the information provided herein.
How could he insulate your intelligence when you ain't got none?
It's crazy that he insulated you! You must be warm!
lmao
🤣😂
Lololol
@@NIGHTHAWK. 🤣 😂
The math is incredibly simple, it’s literally basic arithmetic. But the reality is not everyone has a good understanding of math.
A little bit of math to save $4 an oz instead of an eagle
The math is not hard. To each his own.
I can't tell if you are trolling or not. Especially with the title saying what it does. Is this just satire and an attempt at comedy or are you being serious. I can buy constitutional silver at just over melt price or buy silver eagles for about 6 to 8 dollars PER OUNCE over spot!!! Lmao, it's really a no brainer. I'm not sure why you are making it difficult. All you have to do is assign every coin a value based on the silver that it contains. It's literally 1 st grade math.
You only need to know one number!
.715
That’s ounces per dollar
That’s all! Nothing else
For those who can't deal with fractions, just remember $1.40 face = 1 ozt. Even cashiers used to know how to count change.
Are you serious. Everyone is stealing your ideas on something that has been around for centuries. You have got to be crazy.
Still like 90 percent too !
At least youre not bitter about it in anyway shape or form......
I think (hope?) he’s just trying to be funny. It’s not really working though.
Simply put you paid $4 over spot for your ASE, and only $2.13 over spot for your junk silver which was actually 1.4 oz troy. So you stack for awhile and have 1000 silver eagles that you paid $4000 over spot for. Same 1000 ozs of junk silver you only would have paid $1521 over spot. So 2 minutes of math would have saved you around $2500 in real money. 2 minutes well spent.
If you ask for a dime "bag" on my corner it doesn't look anything like that!!! Ha
Exciting update! The presence of Rose number [76] embodies the spirit of collaboration within our creative garden here at Cointales. Let's keep cultivating this shared space together! 🌹🌷🌼 Thank you for being a vital part of it! 😊💖
Man, you should have never crossed swords with Silver Seeker. He's one of the smartest silver stackers on UA-cam. He has a calculator for a brain and specializes in buying bouquet silver products at coin shows and bringing it back to his UA-cam channel and selling the high priced silver products to his fan club member in his UA-cam auctions. I like when Silver Seeker calls random coin shops around the US and asks them how much they will buy his silver from him. I wish he would just once ask the coin shop guys if they have any Kennedy's in a tube and if they tell the him yes, he should tell the coin shop guy that they'd better let them out so they can get some air and then hang up on them.
That comment was either genius, or mental.
He should call the guys with the white jackets!
Thank you for making the learning curve shallower.
I am going to apply your math to my new cigarette to silver ratio factor. Should I multiply the weight of a cigarette by .715 before or after I take off the filter?
Thank you for any reply.
Sounds great!
You’ve gotta be a regular mathmagician to figure this stuff out.
Nah just able to do third grade math
@@14ederan or just memorize 3 numbers. Dime=2.25. Quarter=5.6. Half=11.25. And don't take smoothies. It's really that simple.
No you don't
Take your total face value purchased, then divide it by $1.40. It's pretty simple, right.
EXACTLY
@@scotts1356
Ironically it’s not EXACTLY. It’s off a wee bit. Multiply by .715
What do you do when you want to buy something worth 10 dollars and all you have is 1 ounce denominations? Do you say "keep the change" every time you purchase something? How does that work? Very curious.
No alls you do is invest in smaller denominations of real silver, that includes half ounce quarter ounce 10 oz silver
@@joewood6578 exactly, like constitutional silver. That's the best fractional silver there is.
@@joewood6578 you mean like silver dimes that are worth $2.25 quarters that are worth $5.60 and halves that are worth $11.25? To buy a 10th oz silver round right now you are paying an exorbitant premium. The cheapest I can find right now is $5.35 to buy a 1/10 oz round that is $3.10 worth of silver. Most are well above that unless you buy hundreds at a time. I can get a dollar face value of constitutional that contains .715 oz of silver for about $1.50 to $2.00 over the spot price. So I am paying about half the premium to get over 7 times as much silver. I mean if you want to keep throwing your money away you are welcome to do so. I'll take the much less expensive route and get way more silver for my dollar. Is there a place for 1 ounce rounds in stacking? Yes. I have quite a few 9999 silver maples myself. I got them for a good deal about 2.5 years ago at about a 2 dollar premium. That being said you'll never catch me paying 5 to 8 dollars a oz premium on a coin when I can get a round or similar coin for a fraction of that.
@@joewood6578 You'll be paying quite a high premium if you buy fractional silver.
Keep telling the truth my brother, its so true I'm simple minded to as I don't have a chicken stew,,clue,,how this is done ,its amazing when people can't figure it out someone has to call them simple minded, shame but ya not simple minded, lots of people out there can't do this adding up this ,it's not simple ❤❤❤❤
That's how silver dealers make a profit, from the math-challanged.
If I told you you’d receive a free $1000 face value bag of silver coins if you mastered this concept of converting one unit to another Using a single conversion factor (.715) I’d wager you’d spend a little while, maybe 10 minutes, maybe 2 hours and you’d figure it out. Throwing your hands in the air when confronted with something novel and confusing but ultimately knowable is a sign of mental laziness
10 dollars face equals 7.15 Troy Oz. Very simple. Silver seeker is right.
He’s also a huge liar and schmuck!!
@@silverhustlin1390How so?
10 dollars in face does NOT equal 7.15 troy ounces. It's not even close!!!
@@scotts1356 That’s the industry accepted average. Sometimes it’s a little more if your coins have no wear, sometimes a little less with heavy wear.
Love that Southern drawl!
The math is simple.
When buying 90% coins you simply don’t buy in ounce quantities. Forget about ounces
You buy in face value.
Small time buyers get one roll of (40) quarters let’s say. That’s $10 face value (amount of credit you’d get if you spent it at the Walmart). Dealer quotes you 22x face value. You buy $10 FV So he wants $220 for the roll. You don’t even need to know how many ounces it is. No one cares about ounces when dealing with junk silver really. It’s bought and sold by FV only!
If you want to know if it’s a good deal just divide his quote (22 x) by the universal conversion factor (.715). In this example you get $30.77/oz. Check the spot price and premium and decide if it’s good for you.
Deal is completed without ever knowing how many ounces!!
If you can’t let go of the old way of thinking and have to know how many ounces you bought, just multiply the Face Value you bought by the same universal junk silver converter (.715) and you get $10 x .715 = 7.15 oz.
So your $10 quarter roll contains 7.15 oz of pure silver
That’s good advice
At first, I thought it was a lot of math to do too, then I read on sdbullion, that 10 dollar face values always equal to 7.15oz. So take the total and divide it by 7.15.
Conveniently, quarters and halves are sold in $10 rolls, and dimes in $5 rolls, so the math is easy for most.
Im not siding with either of you. But it is failry simple. You take the number "times" face value, that you can buy it for and multiply it by 1.4. That will tell you what you paid per ounce. So....if you buy at 22X face value...22 x1.4 = $30.80. Thats what you're paying per ounce, which is close to spot right now. My rule of thumb is I never pay more than 21X face. No one will sell me junk silver at that low price right now. So....Im not buying junk silver right now.I hope this makes sense!
Simple way I learned about Junk silver 90% is $1.40 of face value is 1 Troy oz of fine silver. It doesn't matter if you have 14 dimes or 4 quarters and 4 dimes. Still will be 1 troy oz of fine silver. But this also doesn't account for wear on coins so be aware of that.
Yes it does account for wear. Try using .715 instead, it’s both easier and more accurate
@@user-pj6nn9mr3n If your calculating weight yes .715 but on the fly paying Spot 1 oz for 1.40 is acceptable.
Can we do the math on the percentage of people commenting that have no clue who you are or the meaning of satire………80-95%
Sour grapes?
You pay a lot more for the eagles than the 90% silver coins. So you over paid from the start and are already in a hole.
I agree w silver seaker stop being such a bay ab the math ...... with Constitutional Silver you can get it for $0.79 over spot right now at SD Bullion or at spot with some of the local coin shops or for everyday low prices like $1.99 over spot worst case lots of places ...... with Silver Eagles (which I also love and have many and will buy more) we pay up to $10 over spot past couple years and you mention only $4 over spot which is a great deal / most places online are $5-6 now - BUT - its still way more per ounce than Constitutional ............ SO ................ its worth it to do a lil math ....... and have lots of both :-)
I just bought a bunch at spot and will buy more. Much better deal than silver eagles right now
Silver Seeker is a sucker for "Mystery" Ebay coin packages. He'll continuously rip himself off for the sake of content. That's what we call dedication in this here UA-camville.
Insulated? Maybe try “insulted”?
He was cold.
You wouldn't make it as a bookie, sorry your not quick on your calculations in the shop. Just keep stacking, don't continue to alienate, and disregard the ones who can see value in other forms of silver. Premiums play a big factor in what is purchased at an LCS, at least for me. I ask 2 questions, what they are selling generics for and what rate for junk is, after that, I buy 1 or the other. I have never bought an ASE at the LCS with premiums attached, but I've found them as culs in the generics. You do you, I'll keep buying your precious ASE's at a reduced price, and we'll all be happy in the end.👍
Say math again
I liked and subscribed 🎉🎉🎉
I trolled him several times, due to his "open mouth"-Thumbnail and his hairline. His reaction was priceless. What a looker and fairytale-Teller.
I hate math so I'm selling all my junk silver for gold, fuck it no jokes gold baby a real man buys gold!!!
You will have trouble figuring out 22K and troy oz
@@user-pj6nn9mr3n Don't insult my intelligence 🙄
@@user-pj6nn9mr3n Don't insult my intelligence boy!!!🙂
No my man I just like gold get a sense of humor.🫠
@@twanb6041
Say something funny
theres nothing cringier than fake people calling you 'friend' while deliberately being a pos
Don't you mean*Insulted your intelligence???
Ok im not going in to junk silver!😂
Splitting it with a friend?
Get your own!
Yeah it isn’t hard to understand. You have about 1.43 ounces of silver for 15 dimes and 2 quarters.
I said that in the video. You just copied my homework 📄
0.715 x 2… doesn’t seem too hard.
That's to much like work. I agree with you. It's easy to figure out how many dimes equals an oz but the reality is much different when trying to figure out if you have a good deal or not. Less is so much more here.
Don’t sell yourself short. He’s making it seem much more complicated to prove his point.
@@user-pj6nn9mr3nto a novice tho it seems too indepth to figure out.
You’re over complicating it on purpose obviously 😂
This math is so simple a simple seeker can do it Gator 🤣🤣 I wonder how many seeker simps are in the chat 🤔
Silver seeker wears gloves, enough said.
90% or Eagles? It just preference, both types have their advantages and disadvantages. The 90% has been a much better buy for months on a per oz basis, but this could change any day. I bought a slew of 90% at $20 and $21 face, which is almost spot price. Evidently the 90% isnt moving enough for demand to support more premium, but that is ignorance. Its a great buy!
You don’t use dollar signs on face. It’s 20 times face. Or 21 x face. Not $20 face.
You can say I bought $20 face at 20 times face for $400
jees you guys $1 = 3/4oz. it is that simple
And Seekers Tesla Ceiling looks really cool on a partly clouded day, make that a Super Cool!!!
I pay spot or below on all silver I buy from the GP junk or bullion, pretty simple...
I just like to have a few silver %90 and a lot of rounds. Don't forget the bars and even a few custom pours. All that math is not what I like to do when stacking. 23 rounds fit in a tube, but they only put in 20? Now I'm paying $715 for a tube of eagles? Man now I'm confused
Why would you do all that math. Just divide what they are charging at FV and divide by 1.4. Gives you what they are charging per ozt
No you are mistaken. Divide by .715
No. You multiply by 1.4.
@@user-pj6nn9mr3nNO. You multiply by 1.4.
The easy Math to do is just to know how much face value makes up an ounce which is 1.4 $ in anything wether its half dollars quarters or dimes, the only thing that is different is morgans and peace, that way if you have 7$ face thats 5 ounces of silver and 14$ face is 10 ounces and so on... Easy
Spot on! 😊
No, use .715 unless you want to be an amateur. That’s the industry standard that dealers use
Actually if u have coins that have no wear, it's .723 ounce of silver per dollar of face value
.715
@silverhustlin1390 .0723 per dime, .1808 per quater, .36169 per half dollar please research. The reason dealers say .715 is to supposedly account for wear. But on coins that are not worn it is .723
True but who buys bags of Uncirculated coins. Also differences between a bag of Roosevelt dimes and Mercury dimes
@user-pj6nn9mr3n I've been seeing bags of silver state quarters and roosevelt dimes and Washington quarters lately, also 1964 Kennedys. Mostly XF to AU To Unc which means no wear or slicks. A good coin buyer will always consider that when buying then when many slicks especially on common date barbars, mercury dimes, walking liberties, etc will offer less. I'm just stating he is incorrect on his ASW of coins without mentioning that weight is used as an average weight accounting for wear, but if u have coins with little to no wear the silver weight is higher and buyer should offer little more
Yeah I hear ya
We’re in agreement. Although sometimes the more worn stuff sells for more. Eg. About 8 toz ($240 worth) less on a $1000 bag of Mercury vs Roos. but you can sell the mercs for more. Premiums are always changing so it’s best to keep up to date on prices.
Math is simple. Ur making it complex. Sure u might need a calculator for some, but not really. 1.40 face value is 1 ozt. So $2 face divide by 1.4 is 1.43ozt. Spot at ~$30 times 1.43 is ~$30+(~30×.43)[$12.9]. So if u paid less than $43 on ur $2 face u got a great deal. If u paid more than 43 subtract spot value from what u paid i.e $46(23×face) for face value. Difference of $3. Take that $3 and divide by ozt u mathed earlier and thats the premium over 1ozt u paid. 3/1.43=2.1 over spot per ozt. This was all done mentally. .715ozt is the accepted weight for $1 face value on circulated 90%coins. Weighed some coins for comparison. 2 unc kennedy half dollars weigh out at 25g. 10 mercury dimes weigh out to 24.4g, 4 random quarters 24.8g 2 standing liberty half's 24.6g.
Personally, I just memorized the ASW (Actual Silver Weight) of all the constitutional coins (.77344 dollars / .36169 halves / .18084 quarters / .07234 dimes). Then I just have to multiply that number by the number of coins of each type I have or add up the weights, which I then multiply by the current spot price. If I had one of each and the price was $30.68, then my total value would be approximately $42.50. I NEVER do the multiplication times the face value stuff. Having said that, I love Constitutional and it makes up fully half of my Silver stack. My Silver Eagles make up only about 28% of my total Silver stack. Keep stacking!
You’re making it harder with extra math for each coin. Excluding the dollars, the H,Q, and D all have the same weight per dollar so just use the total dollars x .715. Try it and you’ll see how easy it is and kick yourself for NEVER doing it this way.
Plus your way doesn’t account for wear
@@user-pj6nn9mr3n I have tried it. Been doing this for a couple of decades. As long as you can add & multiply, I don't know why it needs to be hard. It's not hard for me.
I reread your comment and it occurred to me that even using the word “constitutional” is more work. Just say 90% or junk. I mean gold is in the Constitution too but no one say constitutional gold coins. Just say pre-33. I like less steps and efficiency but to each his own
@@user-pj6nn9mr3n I don't recall ever saying Constitutional Gold, as that doesn't make sense to me. With regard to the rest, I value communicating my intended meaning in a way that is consistent with my own views & values. As such, I choose short-cuts carefully. That's likely why I'm more wordy than most. I rarely, if ever, refer to 90% or Constitutional Silver as "Junk". I understand the meaning, but I don't care for the connotation amongst the uninitiated. Thanks for the feedback.
It’s not a shortcut, it’s the way it’s done. It’s like you’ve got to get to the school nearby your house to vote and can take the main thoroughfare but you’ve walked there as a kid using the side streets. So you just drive there the way you’ve always gone and think it’s the same thing. But the more direct route is less turns and stop signs, less wear and tear on the car from all the starts and stops and speed bumps. Sure you got there but it’s not the best way to go
PS. to account for wear use .0715 for dimes not .0723 and if you can’t break the chains then use the same ratio and come up with the same wear factored in weight for each coin and do it your harder way but at least it’ll be more accurate
THE MATH ISN'T THAT HARD!!! I'D RATHER DO A LITTLE MATH TO SAVE SOME MONEY!!!
I do no math. I go on ebay, find a Dirty Morgan Silver Dollar that I like, I bid more then it is worth, I wait for it to come in the mail, I wash the dirt off of it, I use it to make a video, I pass it on to my kids.
Option two: 1oz Silver Buffalo. Cause I'm Kitowa you know. 🤠
Oh and just to let you know. Sal will put bad subliminal messages in your mind man. And 13 has some of the worst Table Manors I've ever seen.
That's funny!
Is he now really your friend?? Can you call him at 3 o'clock in need of money and ride in an emergency?? Trololololo
in·su·late
/ˈinsəˌlāt/
verb
1.
protect (something) by interposing material that prevents the loss of heat or the intrusion of sound.
"the room was heavily insulated against all outside noise"
Dude. Multiply $1 FV x 1.4, and you get the spot price. If you are buying $10 FV, then divide by 10 1st. You over complicate it and show your lack of understanding. Silver Seeker for the win.
I just buy ASE and avoid the nonsense.I'm not a Smart man.. but seem to do Well.
1.40 of constitutional is one troy ounce.
1.398
Don’t laugh the diff ads up when you’re moving $1k bags (standard unit)
BINGO
You are not even close to how to do this. You take the spot price of silver and divide it by the factor of 1.38 for uncirculated silver coins or $1.40 for very slightly worn silver coins or $1.55 for heavily worn silver coins and you know how many troy ounces of silver your coins will net from a refiner. The amount of net troy ounces is then simply compared to spot silver price at the moment you are doing your calculations. You're claiming that silver eagles are easier to compute does not mean that you are making any sense in this video presentation.
When dealers are selling silver eagles for premiums of $6 to $14 over spot per coin then you have an inflated price of spot silver which you are paying on every silver eagle and NEVER recover when you sell them back. I like your overall point of view but this presentation is a fugazi that is lost in your fog to me. I keep and use AU/BU quality 90% silver. I simply take spot silver and divide it by $1.38 FV (using AU/BU coins). My calculations always give me a lower premium net cost paid for silver. You never get that low with silver eagles.
Nobody should ever pay over $4 spot on Eagles
Weigh the coins, use a calculator and subtract 10%, multiply that by spot price.
I like junk and math but agree it’s too complex at times. Love the video though.
He promotes whatever SD bullion tells him to
You just did some arithmetic and hammed it up like you needed calculus to solve for weight. Thanks for the vid.
Love 90%! No One does all this math Mr. Gator. 😆 I'm with you on Crazy Silver Seeker! 👍
He is pushing 90% silver because his sponsor SD is having a sale on junk silver . So it was basically a commercial for his sponsor. Junk silver is junk in my opinion. The average person has no idea what coins have silver and which ones dont
That was dumb
True talk!
Yeah, the average person makes other people rich.
No one was interested in cryptocurrency until Bitcoin shot up in price. Vast majority educated themselves once the GME/AMC shorts were squeezed. While most aren't familiar with what coins do/don't contain silver, they will educate themselves when it matters.
The average person doesn’t know anything about an eagle or a generic round either
He insulted your intelligence, not insulated your intelligence and you say people who buy constitutional silver are dumb. You can't even spell.
Sorry I didn’t mean to orphaned you
I’m sticking with 999 fine. Keep stacking 🤘🏻
You keep your silver eagle...I'll take my silver beagle, for the big dawgs.
Forget the math you are slow and bad at it. Buy your Eagles and let your brain cool down dude.
It’s satire, let your brain catch up
Russell Jay Gould - please research
I hope your maths is right 🤣 crypto col
You do sound incredibly simple, and condescending, do better
NO
junk silver is for poor people. gross!
Obviously you guys have never worked at a bullion shop.
If this math is too complicated for you then you would have a complete meltdown running a business with inventory for sale. EDIT: I still subscribed, bc the video was entertaining and us coin channels gotta support each other.