I say crypto to the moon because I am sick and tired of the bullion business model. They short the market to suppress prices so their underlings can buy our collections for under spot bullion.
@@vermillionenterprises I say every Reserve Bank on the Planet is buying Gold because Basil 3 made it a Tier One Asset especially the Chinese. I say the Dollar is failing despite the DXY at 108 as evidenced by the number of Dollars it takes to buy a cup of Coffee. I say wages aren’t keeping up with inflation that is at 10% using the 1980s algorithm versus the scams the Biden totalitarians are using. BRICS is Hell bent on de-dollarizing and have the foundation in place to do just that ending the dollar as the World Reserve Currency. I say we are in the verge of a banking crisis, a Stock and Bond crisis. A derivatives market implosion and an economy that makers the 1930s look like the good old days with Gold and Silver being the only stand alone safe asset remaining standing. Once the general population figures this out both metals will become unobtainable..
@@vermillionenterprises I say Gold and Silver are Real Money and that very soon we’re going to experience a Banking Crisis, a Stock and Bond Market 80% Bear Market and the loss of the Dollar as the World Reserve Currency, a Global Depression, a Derivatives Market Collapse and an Economy that makes the 1930s look like a Picnic. This Planet has massive debt issues and they’re only getting worse. Our 36 trillion dollar public debt and 125% debt to GDP numbers amount to a bankrupt country. It’s mathematical at this point. Gold and Silver go up 30x in that scenario. Crypto has never been tested in that environment and since it’s denominated in dollars will fail miserably is my educated understanding of that. See you in the store in a few weeks for more of those Constitutional Dimes..
@@VeteranStackeryupp just pass the debt on to someone/something else and crash it... pmgs will skyrocket and stay high... most people wont be able to buy it then
Except the millions of them which have already been lost forever, and people have lost permanent access. I like having actual assets which can’t be lost permanently so easily.
You know that Silver and Gold both are poised for gigantic gains Brian. I’m sure you’re not interested in packing it in and getting into crypto which is a Ponsi Scheme.
It likely will when dems do the rug pull. Right now hopium of DJT is making it drop. But it’s gonna go up a lot in my opinion when that happens. Which we all have a damn good idea it is. 😂🎉❤ good time to buy if one has the means.
We should have all first bought bitcoin, then 100x'd our money and put those winnings in metals that are secure. Because gold/silver cannot grow your money, it can only freeze the value and protect against inflation. It's for securing winnings from investments, but not an investment in itself. The metals youtubers that lied to us (Vermillion not being one of them, he's honest) over the years suggesting silver was going to skyrocket as if it was an investment, were scammers looking for views, silver and gold cannot rise in value, they are simply reflecting the dollar losing value and rising in opposition to fiat inflation. Every new stacker needs to be warned you are losing money by not putting a large amount in index funds that will actually rise in value regardless of the dollar, or BTC that's going to end up at 500k if the US government jumps on board. We have to be able to admit we were wrong about crypto because Trump is running with it, it's not going away. The internet and power simply aren't ever going away, techno-accelerationism is here and gold/silver are only worth putting a small piece of savings in, and the shill youtubers that lied to us so they could get millions of views saying it was an investment honestly should be sued.
@@Jim-i1e depends on your definition of investment. I didn’t buy silver to get rich quick. It absolutely is a store of wealth. And it’s done its job over the years. Crypto is completely untested and backed by nothing but the greed and desire to get rich quick. If anything, people should put the least of their wealth into that…anything that they can afford losing completely.
@@Jim-i1e Metals can be an investment. It's a commodity and an asset. Like stocks or anything else if you buy when it's undervalued and sell when it's overvalued you can make a profit.
Not if they get out at 2-3x just. It’s extreme musical chairs 😝 if they sold a month back at 32$/oz and bought XRP at 50 cents and now it’s 2.50 or more. Sell a 1/3 of that, replace your metals you sold and then some today with price being ballpark 10% cheaper at 29 n change today. 🎉 is a gamble n risk but for some it coulda paid off. Now they got their metals back and free crypto thats due to potentially 4x to $10 or more. 😮 and ya if crypto fails metals imo should rocket. Which said individual has all, more, or 2/3 of the original stack left to ride that wave 🌊 😎 👍🏻
@@JFEnterprize that’s the word…….IF. BitCON is a Ponzi scheme based on hype. BitCON is a casino and the house is BlackRock and a few others who control BitCON. Good luck rolling the dice.
Thanks for a solid and honest analysis. I admit that I have missed out completely on the crypto craze and have not profited nearly as much as those who were savvy enough to participate. Having said that, I think today's cryptos are the tulip mania of yesteryear, and I think they will end in the same way. I hope people are intelligent enough to get out before it's too late, but people's greed typically will not allow them to do so. I hope everyone has a Merry Christmas!
@@jimgoodreau1245 Probably so! Still, my background in finance makes me a bit skeptical of cryptos eventual outcome but I do wish the crypto speculators well.
Really though I dont think the physical retail silver market makes any significant differece in the market dynamics. Its more about industrial buyers and investment contracts.
I’m 52 and been a pm stacker/collector for years, crypto is here to stay you can make alot of money with it and yes of course loose alot of money with it, there are good projects to invest in if you do your research-stay away from meme coins if you’re new to the space and as I do if you profit put the profits back into other projects & pm’s, for me crypto is great but you can’t forget about ol’ faithful gold/silver there’s just something to be said about holding it in your hands-cold physical precious metals lol ya it doesn’t return any interest or dividends but when shtf it’s there & you’ll be happy you have it😎 anyways guys that’s my 2 cents-crypto is here she has arrived to the big dance-but please don’t forget about good ol’ gold/silver-if you don’t hold it, you don’t own it 👍🏼 thanks guys great update/story
I bought some gold with Bitcoin a few years ago and got out of cryptos completely. Bad move financially but good move from what I came to believe what cryptos represent imho. Good luck everyone.
I would not sell any of my SLV ETF shares. Silver is highly volatile and I don't need the money right now anyways. I did buy some IBIT ETF shares in Jan so I have both silver and Bitcoin investments. I think it's always a good thing to have as much diversification as you can in your portfolio. Even with this post Fed meeting downturn my SLV position is still up ~35% and IBIT is still up over 115%. Don't think either, think both.
Another great video guys! I will be calling yawl to place an order after Christmas to save some of those metals from the refinery lol. I am buying both Bitcoin and physical silver and gold right now. I have recommended you guys to a bunch of my friends that buy precious metals here in Atlanta, Georgia.😃👍
Nice to see good content and dealers sharing their opinion! I think a smart move at this point is to own both metals and BTC. Nobody knows what will happen in the future, but as of today, what we know for sure is that government debt in Western countries keeps rising. So, both are a good way to step outside the financial system. The issue with crypto-similar to what some people think about metals-is that they consider crypto an investment. However, by definition, it is not. Build a company or buy stocks if you're looking for an investment-or better yet, invest in yourself.
I got into Bitcoin in 2020. I still own bitcoin miners being hosted at a facility for low power cost (great tax write off btw). I dont understand why people hated it at $18K and want it now at $100k. Now is the time for those who had crypto to sell for metals. Not the other way imo
What's the matter we still have $6 at least over what normally we have in a year are you kidding me are you still complaining....at least you have a chance to buy more silver... It's the best time of the year to get a shitload of silver..
Most stackers i know prefer the physical over the digital. Perhaps stackers with DEEP POCKETS are dumping their PM'S. Me, I'll hold the metal as I'm in it for the long haul...
I recently opened a coinbase account and began investing in crypto. I’ve been stacking for years and will continue to do so but I’m diversified in my investments and crypto is just another investment. I believe there’s great potential for wealth in cryptocurrency and I don’t want to miss out on it.
@@SA-cn4jc dude...silver will still make a move to the upside but they have kicked that can down the road a ways until sometime after this official recession. I'm gonna buy the dip hard on this one but I'm predicting a retest of $24
I own all four versions of shorting the dollar: crypto, gold, silver, and platinum. However, I prefer to use my brokerage account to make larger investments in crypto, gold, and silver. Better spreads (read, no variable premiums), and instant fulfillment with a stroke of a key on my keyboard or phone. Once I have enough (and I do) physical PM and cash for my SHTF/emergency fund, there is no need to get involved with stacking at inflated premiums and spreads. SHTF and investments are different. People often seem to confuse the two. Love your channel, enjoy the content, but I'm past the point of buying physical unless prices CRASH to 2023 or below levels. Because I agree that the dollar is going to get more worthless over time unless we change Washington DC and the spending Congress enables. But there is more than one way to skin the cat--physical PM's is not the only way forward.
The only investors who won’t lose it all on BitCON are those who control the majority of it, and who manipulate the price with their monopoly on trading the same. BlackRock wants it all, and they will get it from suckers.
Temprorary bear market caused by real world economics setting in. This is a perfect time to marnufacture and sell custom niche silver. Limited mintages and high quality are important during the bearish times!
Jump ship, right when it starts getting interesting 🤔 Not a chance!!! Diamond hands have nothing on my hands 😁 You're not melting my metals, Brian!!! 😂
@ don’t disagree that it’s having an impact on precious metals, but I believe it’s noise because cryptos are only hot because the FOMO of getting rich quick. I don’t believe there’s anything tangible backing crypto’s to make them worth holding long-term. Silver will always be needed and it’s only gonna get harder to find. You of all people should know that.
@@FamilyofFour30 i do not know that it will always be needed and going to be harder to find, and neither do you or anyone else, you may believe, but you do not know
@@vermillionenterprises fair enough, but we can say that about anything. Look at how long gold has been in demand for the last few thousand years…despite it being essentially useless beyond jewelry but here we are at ~ $2600/oz. If you think the electrification of our society will continue, silver will almost assuredly be in demand. That’s on top of the dozens upon dozens of industrial uses…Yet you can still buy it for ~$30 and ounce?!? Please don’t act like it’s undervalued compared to just about anything out there.
Brian. You are an amazing business person. Thank you for your videos and no-nonsense style. Refreshing. I do have one question. You mentioned not having to do paperwork for that $140k gold transaction yesterday. Briefly, what are the rules for having to report?
The government requires bullion dealers to report applicable bullion purchases and sales. Some of the types of sales that bullion dealers are obligated to report are: Any gold bars of minimum .995 fineness that are 1 kilo (32.15 troy ounces) or more. Any silver bar of minimum .999 fineness that are 1,000 troy ounces or more Any platinum bars of minimum .9995 fineness that are 25 troy ounces or more Any palladium bars of minimum .9995 fineness that are 100 troy ounces or more. 1 ounce Gold Krugerrands, Gold Maple Leafs and Mexican Onzas must be reported if quantity is greater than 25 coins. 90 percent silver U.S. coins are also reportable if any combination of dimes, quarters or half dollars has a total face value greater than $1,000. Some of the types of purchases that bullion dealers are obligated to report are: A cash transaction greater than $10,000 A series of cash transactions that total more than $10,000 For more information on form 1099-B and how it applies to specific gold and silver bullion sales, be sure to check out our Reportable Bullion Transactions Infographic. Additionally, there is a vast amount of information regarding the 1099-B form available on the IRS website. There are very clear guidelines for the form 1099-B, its uses and when it is required and by whom. None of the information contained here is intended to be tax advice, but rather a simple guide on what the form 1099-B is. For any questions relating to form 1099-B, its uses or the necessity of, one should always consult their CPA or tax professional.
Quick question...you all don't take checks, but you pay in checks. Could you guys pay via Zelle like we would have to pay. Could you explain the difference in people paying with checks and you guys paying in checks? It seems like it's kinda unfair. Just wondering your thoughts. Thank you!
zelle doesnt work for us as a form of payment, there are limits with zelle, if i paid by zelle i would burn my monthly limit up by noon on the first day of the month....pay larger deals by check now because the banks do not keep cash like they use to so it is harder to get....things are constantly changing in this industry including forms of money. We put all of our info on display so there are no surprises when doing business with us....premiums/inventory/forms of payment
Buy high and sell low is always the key to investing, right? Because when crypto is being hyped, it's way better than when it's cheap and not talked about. Show me a crypto or stock that's held value for five thousand years.
Sorry old timers but crypto is the future. Ask japan how those fast and cheap money transfers to the Philippines are working out? XRP/RIPPLE will be used by almost every bank in the world here soon. Not saying don't stack but remember not to keep all your eggs in one basket.
Investing in Gold and Silver is a JOKE and Some of us realized that over 10 year ago and got into Bitcoin knowing it was the future. We were ridiculed by everyone. No one is laughing now.
When you buy physical gold or silver it's not an investment. Sorry nobody ever told you that. The value of gold and silver is linear, it maintains your wealth. Always been that way. You can't print gold and silver.
If you thought silver or gold are investments you are the joke 😂 meanwhile there is a valid reason central banks buy gold and not crypto 😊 No one with a functional brain puts all eggs in one basket
Like everybody lately I have been considering crypto. I just can't convince myself to pull the trigger though. As my goal for PMs is safe storage and not speculative gain. I don't trust any third party with my enjoyable retirement🫎🫎
What say you?
I say crypto to the moon because I am sick and tired of the bullion business model. They short the market to suppress prices so their underlings can buy our collections for under spot bullion.
@@VeteranStacker it does appear to be the case
@@vermillionenterprises I say every Reserve Bank on the Planet is buying Gold because Basil 3 made it a Tier One Asset especially the Chinese. I say the Dollar is failing despite the DXY at 108 as evidenced by the number of Dollars it takes to buy a cup of Coffee. I say wages aren’t keeping up with inflation that is at 10% using the 1980s algorithm versus the scams the Biden totalitarians are using. BRICS is Hell bent on de-dollarizing and have the foundation in place to do just that ending the dollar as the World Reserve Currency. I say we are in the verge of a banking crisis, a Stock and Bond crisis. A derivatives market implosion and an economy that makers the 1930s look like the good old days with Gold and Silver being the only stand alone safe asset remaining standing. Once the general population figures this out both metals will become unobtainable..
@@JamesAbrams-u9o time will tell
@@vermillionenterprises I say Gold and Silver are Real Money and that very soon we’re going to experience a Banking Crisis, a Stock and Bond Market 80% Bear Market and the loss of the Dollar as the World Reserve Currency, a Global Depression, a Derivatives Market Collapse and an Economy that makes the 1930s look like a Picnic. This Planet has massive debt issues and they’re only getting worse. Our 36 trillion dollar public debt and 125% debt to GDP numbers amount to a bankrupt country. It’s mathematical at this point. Gold and Silver go up 30x in that scenario. Crypto has never been tested in that environment and since it’s denominated in dollars will fail miserably is my educated understanding of that. See you in the store in a few weeks for more of those Constitutional Dimes..
If there were more coin shops like yours silver demand would be off the charts! Keep doing the good work!
Pawn stores, estate sales, yard sales. You would be amazed at what you can find.
I appreciate that...thank you for watching
Amen Gator!
Absolutely!!!
I bought most of my silver at $16 an ounce and gold at $1300, so I'm still ahead.
Keep selling your silver and I’ll keep buying it along with your gold merry Christmas to me! And merry Christmas to everybody else.
thank you, its a plan....Merry Christmas
Crypto money backed by nothing what could go wrong
#facts....LOL
Wrong. Crypto is backed by the printing press. Govs are printing inflation and sending it into the crypto markets. You can take that to the bank.
@@VeteranStackeryupp just pass the debt on to someone/something else and crash it... pmgs will skyrocket and stay high... most people wont be able to buy it then
@@VeteranStacker very interesting
@@raisethecolours thank you for watching
Let the price keep dropping. I'll keep HOARDING!!! I'm following the BRICS gameplan: buy at any price.
its good to have a plan
It’s hard to trust something that is speculative. Stick to the old rule, “If you don’t hold it, you don’t own it.
#facts
What happens to the value of crypto if the Internet goes down and the electrical grid goes down? Exactly, crypto becomes worthless.
All 21 million Bitcoin will fit in a sock and there's still room for a foot.
Of course, imaginary things can fit in anywhere
Except the millions of them which have already been lost forever, and people have lost permanent access. I like having actual assets which can’t be lost permanently so easily.
You know that Silver and Gold both are poised for gigantic gains Brian. I’m sure you’re not interested in packing it in and getting into crypto which is a Ponsi Scheme.
I do not know that, i do hope it though
It likely will when dems do the rug pull. Right now hopium of DJT is making it drop. But it’s gonna go up a lot in my opinion when that happens. Which we all have a damn good idea it is. 😂🎉❤ good time to buy if one has the means.
I did it guys I sold my gold for bitcoin.. NOT
LOL
We should have all first bought bitcoin, then 100x'd our money and put those winnings in metals that are secure.
Because gold/silver cannot grow your money, it can only freeze the value and protect against inflation. It's for securing winnings from investments, but not an investment in itself.
The metals youtubers that lied to us (Vermillion not being one of them, he's honest) over the years suggesting silver was going to skyrocket as if it was an investment, were scammers looking for views, silver and gold cannot rise in value, they are simply reflecting the dollar losing value and rising in opposition to fiat inflation.
Every new stacker needs to be warned you are losing money by not putting a large amount in index funds that will actually rise in value regardless of the dollar, or BTC that's going to end up at 500k if the US government jumps on board. We have to be able to admit we were wrong about crypto because Trump is running with it, it's not going away.
The internet and power simply aren't ever going away, techno-accelerationism is here and gold/silver are only worth putting a small piece of savings in, and the shill youtubers that lied to us so they could get millions of views saying it was an investment honestly should be sued.
@@Jim-i1e they will say that about the crypto UA-camrs when crypto crashes to zero.
@@Jim-i1e depends on your definition of investment. I didn’t buy silver to get rich quick. It absolutely is a store of wealth. And it’s done its job over the years. Crypto is completely untested and backed by nothing but the greed and desire to get rich quick. If anything, people should put the least of their wealth into that…anything that they can afford losing completely.
@@Jim-i1e Metals can be an investment. It's a commodity and an asset. Like stocks or anything else if you buy when it's undervalued and sell when it's overvalued you can make a profit.
Wow love those deals, wish I could get some of that 90%.
we appreciate it
Can't wait till you ship the most honest guy out there
we appreciate it
@vermillionenterprises So you do not ship out of state.
If I didn't live 4,704 mi away from your store you could guarantee that I would be in there by and some of your inventory.
Now your just making excuses 😒🥳🙂↔️😆
I live in Idaho. U have me beat 😂
💯
Thx. You for the 411 #
Yiu all have a great holiday !!
thank you, you as well
Holding my Gold !!
Those dumping metal for crypto will regret it 💯👍
Time will tell
🎯💯
Not if they get out at 2-3x just. It’s extreme musical chairs 😝 if they sold a month back at 32$/oz and bought XRP at 50 cents and now it’s 2.50 or more. Sell a 1/3 of that, replace your metals you sold and then some today with price being ballpark 10% cheaper at 29 n change today. 🎉 is a gamble n risk but for some it coulda paid off. Now they got their metals back and free crypto thats due to potentially 4x to $10 or more. 😮 and ya if crypto fails metals imo should rocket. Which said individual has all, more, or 2/3 of the original stack left to ride that wave 🌊 😎 👍🏻
@@JFEnterprize that’s the word…….IF. BitCON is a Ponzi scheme based on hype. BitCON is a casino and the house is BlackRock and a few others who control BitCON. Good luck rolling the dice.
Good video as always guys
Thank you we appreciate it
THANKS FOR ANOTHER GREAT VIDEO, EMILE FOR CT.
That was the nail here. Done.
Gold Rules.
What is your opinion on Goldbacks? I see Florida just issued .....
its a gimmick but kind of fun
I’m looking forward to stacking a tube if these prices keep dropping
will be happy to help
Thanks for a solid and honest analysis. I admit that I have missed out completely on the crypto craze and have not profited nearly as much as those who were savvy enough to participate. Having said that, I think today's cryptos are the tulip mania of yesteryear, and I think they will end in the same way. I hope people are intelligent enough to get out before it's too late, but people's greed typically will not allow them to do so. I hope everyone has a Merry Christmas!
Thank you for watching....Merry Christmas
Sower grapes?
@@jimgoodreau1245you mean sour grapes?? 🤦
@@jimgoodreau1245 Probably so! Still, my background in finance makes me a bit skeptical of cryptos eventual outcome but I do wish the crypto speculators well.
I hope Bitcoin goes to zero...
Silver and XRP
awesome...be diversified
Why?
Silver still better than holding fiat USD long term, but could be better spots near term if you are looking to buying and flipping physical silver.
appreciate you watching
Really though I dont think the physical retail silver market makes any significant differece in the market dynamics. Its more about industrial buyers and investment contracts.
Well selling 10% of my Silver stack for digital silver
Gold is golden baby. 👍
You can own both 🤦🏻♂️
True, some people kept all their Bennie Babies.
Any foreign platinum?
Digital air... 😢
yes sir
Hey Brian are you going to accept crypto as payment now?🎉
LOL...nope
I'm keeping my metals. Crypto is like a "grown-up" version of Monopoly money.
Actually, Monopoly money is more grown-up since adults admit is isn't real.
I’m 52 and been a pm stacker/collector for years, crypto is here to stay you can make alot of money with it and yes of course loose alot of money with it, there are good projects to invest in if you do your research-stay away from meme coins if you’re new to the space and as I do if you profit put the profits back into other projects & pm’s, for me crypto is great but you can’t forget about ol’ faithful gold/silver there’s just something to be said about holding it in your hands-cold physical precious metals lol ya it doesn’t return any interest or dividends but when shtf it’s there & you’ll be happy you have it😎 anyways guys that’s my 2 cents-crypto is here she has arrived to the big dance-but please don’t forget about good ol’ gold/silver-if you don’t hold it, you don’t own it 👍🏼 thanks guys great update/story
well said...if you dont hold it you dont own it
I bought some gold with Bitcoin a few years ago and got out of cryptos completely. Bad move financially but good move from what I came to believe what cryptos represent imho. Good luck everyone.
thank you for watching, we appreciate it
I would not sell any of my SLV ETF shares. Silver is highly volatile and I don't need the money right now anyways. I did buy some IBIT ETF shares in Jan so I have both silver and Bitcoin investments. I think it's always a good thing to have as much diversification as you can in your portfolio. Even with this post Fed meeting downturn my SLV position is still up ~35% and IBIT is still up over 115%. Don't think either, think both.
well said
It is crazy how stackers will sell when silver dips and buy when it goes up
As with so many things, you need luck and common sense to accumulate.
Another great video guys! I will be calling yawl to place an order after Christmas to save some of those metals from the refinery lol. I am buying both Bitcoin and physical silver and gold right now. I have recommended you guys to a bunch of my friends that buy precious metals here in Atlanta, Georgia.😃👍
Nice to see good content and dealers sharing their opinion!
I think a smart move at this point is to own both metals and BTC. Nobody knows what will happen in the future, but as of today, what we know for sure is that government debt in Western countries keeps rising. So, both are a good way to step outside the financial system.
The issue with crypto-similar to what some people think about metals-is that they consider crypto an investment. However, by definition, it is not. Build a company or buy stocks if you're looking for an investment-or better yet, invest in yourself.
yes....that is correct
Hey sirs I always recommend you on Gregory Mannarino channel on junk 90 esp if at spot.
Great video. What will happen when crypto markets crash!! This will be interesting.
very interesting times
No hypecoin for this guy.
same here...staying far away
Good vid thanks
Thank you for wathing
i think albert belle was playing in cleveland in 1993, joe carter did in the 80s too
sounds right
I got into Bitcoin in 2020. I still own bitcoin miners being hosted at a facility for low power cost (great tax write off btw). I dont understand why people hated it at $18K and want it now at $100k. Now is the time for those who had crypto to sell for metals. Not the other way imo
Selling metal to buy crypto that is at a historic peak is a really bad idea. Same applies to gold. Buy low sell high starts with buy low.
What's the matter we still have $6 at least over what normally we have in a year are you kidding me are you still complaining....at least you have a chance to buy more silver... It's the best time of the year to get a shitload of silver..
Most stackers i know prefer the physical over the digital. Perhaps stackers with DEEP POCKETS are dumping their PM'S. Me, I'll hold the metal as I'm in it for the long haul...
same here, but being in the trenches we are seeing a noticeable amount of stackers leaving PMs and heading to digital, maybe they will return
I recently opened a coinbase account and began investing in crypto.
I’ve been stacking for years and will continue to do so but I’m diversified in my investments and crypto is just another investment. I believe there’s great potential for wealth in cryptocurrency and I don’t want to miss out on it.
Interesting times.
for sure
silver is fixing to get slaughtered.
time will tell
Nope.
@@SA-cn4jc down 7% in less than a week.....textbook head and shoulders pattern on the yearly chart....yeah id say it's going down bud
@@twowheelpursuits you are missing one thing, the recent strength of the US Dollar, and how it correlates to PM’s.
@@SA-cn4jc dude...silver will still make a move to the upside but they have kicked that can down the road a ways until sometime after this official recession. I'm gonna buy the dip hard on this one but I'm predicting a retest of $24
I own all four versions of shorting the dollar: crypto, gold, silver, and platinum. However, I prefer to use my brokerage account to make larger investments in crypto, gold, and silver. Better spreads (read, no variable premiums), and instant fulfillment with a stroke of a key on my keyboard or phone. Once I have enough (and I do) physical PM and cash for my SHTF/emergency fund, there is no need to get involved with stacking at inflated premiums and spreads. SHTF and investments are different. People often seem to confuse the two.
Love your channel, enjoy the content, but I'm past the point of buying physical unless prices CRASH to 2023 or below levels. Because I agree that the dollar is going to get more worthless over time unless we change Washington DC and the spending Congress enables. But there is more than one way to skin the cat--physical PM's is not the only way forward.
Then why is Bitcoin down
The only investors who won’t lose it all on BitCON are those who control the majority of it, and who manipulate the price with their monopoly on trading the same. BlackRock wants it all, and they will get it from suckers.
Silver and gold have been around for thousands of years. Their not going anywhere.
I started stacking in '19. Silver is up 65% since then. It has definitely been an inflation hedge for me. Timing is everything.
timing is everything that is for sure
Temprorary bear market caused by real world economics setting in. This is a perfect time to marnufacture and sell custom niche silver. Limited mintages and high quality are important during the bearish times!
Keep several baskets, ‘all in’ on none.
Jump ship, right when it starts getting interesting 🤔
Not a chance!!! Diamond hands have nothing on my hands 😁
You're not melting my metals, Brian!!! 😂
Ignore the noise and focus on the reality. The world needs silver, it doesn’t need bitcoin or even gold.
not noise at this point...crypto is here to stay for sure, at what level time will tell, but it is having a direct impact on the PM bullion markets
@ don’t disagree that it’s having an impact on precious metals, but I believe it’s noise because cryptos are only hot because the FOMO of getting rich quick. I don’t believe there’s anything tangible backing crypto’s to make them worth holding long-term. Silver will always be needed and it’s only gonna get harder to find. You of all people should know that.
@@FamilyofFour30 i do not know that it will always be needed and going to be harder to find, and neither do you or anyone else, you may believe, but you do not know
@@vermillionenterprises fair enough, but we can say that about anything. Look at how long gold has been in demand for the last few thousand years…despite it being essentially useless beyond jewelry but here we are at ~ $2600/oz. If you think the electrification of our society will continue, silver will almost assuredly be in demand. That’s on top of the dozens upon dozens of industrial uses…Yet you can still buy it for ~$30 and ounce?!? Please don’t act like it’s undervalued compared to just about anything out there.
@@FamilyofFour30 time will tell
Brian. You are an amazing business person. Thank you for your videos and no-nonsense style. Refreshing. I do have one question. You mentioned not having to do paperwork for that $140k gold transaction yesterday. Briefly, what are the rules for having to report?
The government requires bullion dealers to report applicable bullion purchases and sales. Some of the types of sales that bullion dealers are obligated to report are:
Any gold bars of minimum .995 fineness that are 1 kilo (32.15 troy ounces) or more.
Any silver bar of minimum .999 fineness that are 1,000 troy ounces or more
Any platinum bars of minimum .9995 fineness that are 25 troy ounces or more
Any palladium bars of minimum .9995 fineness that are 100 troy ounces or more.
1 ounce Gold Krugerrands, Gold Maple Leafs and Mexican Onzas must be reported if quantity is greater than 25 coins.
90 percent silver U.S. coins are also reportable if any combination of dimes, quarters or half dollars has a total face value greater than $1,000.
Some of the types of purchases that bullion dealers are obligated to report are:
A cash transaction greater than $10,000
A series of cash transactions that total more than $10,000
For more information on form 1099-B and how it applies to specific gold and silver bullion sales, be sure to check out our Reportable Bullion Transactions Infographic. Additionally, there is a vast amount of information regarding the 1099-B form available on the IRS website. There are very clear guidelines for the form 1099-B, its uses and when it is required and by whom.
None of the information contained here is intended to be tax advice, but rather a simple guide on what the form 1099-B is. For any questions relating to form 1099-B, its uses or the necessity of, one should always consult their CPA or tax professional.
@ Nice. Thank you!
Quick question...you all don't take checks, but you pay in checks. Could you guys pay via Zelle like we would have to pay. Could you explain the difference in people paying with checks and you guys paying in checks? It seems like it's kinda unfair. Just wondering your thoughts. Thank you!
They do accept a check, you just have to wait till it clears might be a week or two
@@bigo2032 not anymore
zelle doesnt work for us as a form of payment, there are limits with zelle, if i paid by zelle i would burn my monthly limit up by noon on the first day of the month....pay larger deals by check now because the banks do not keep cash like they use to so it is harder to get....things are constantly changing in this industry including forms of money. We put all of our info on display so there are no surprises when doing business with us....premiums/inventory/forms of payment
@@bigo2032 they do not accept checks anymore which is why I asked the question.
@ I did not know this, but I haven’t finished the video yet 🙄
I do t see it as a hedge it’s much more like the stock market - besides I’d loose my password
Buy high and sell low is always the key to investing, right? Because when crypto is being hyped, it's way better than when it's cheap and not talked about. Show me a crypto or stock that's held value for five thousand years.
For the algorithm
always appreciated
Sorry old timers but crypto is the future. Ask japan how those fast and cheap money transfers to the Philippines are working out? XRP/RIPPLE will be used by almost every bank in the world here soon. Not saying don't stack but remember not to keep all your eggs in one basket.
yep
here is my thoughts on investing in crypto: A fool and his money are soon parted.
M.Ag.C.A.! MAKE SILVER CHEAP AGAIN!
Trust only in god and gold.
I am only buy dimes and quarters. Maybe $5 per purchase
good to have a plan
II think it's a good time to do the opposite of what the heard is doing.
Investing in Gold and Silver is a JOKE and Some of us realized that over 10 year ago and got into Bitcoin knowing it was the future. We were ridiculed by everyone. No one is laughing now.
thank you for watching but buying gold/silver/bitcoin is not investing...it is speculating/diversifying
When you buy physical gold or silver it's not an investment. Sorry nobody ever told you that. The value of gold and silver is linear, it maintains your wealth. Always been that way. You can't print gold and silver.
If you thought silver or gold are investments you are the joke 😂 meanwhile there is a valid reason central banks buy gold and not crypto 😊
No one with a functional brain puts all eggs in one basket
haha
Like everybody lately I have been considering crypto. I just can't convince myself to pull the trigger though. As my goal for PMs is safe storage and not speculative gain. I don't trust any third party with my enjoyable retirement🫎🫎