Coin Dealer Says His Customers Are Buying SILVER, Not GOLD - But Why?
Вставка
- Опубліковано 28 вер 2024
- Silver AND Gold Prices have dropped quite a bit in the last week and a half... so you would think people are buying the dip, right?
Well THIS Coin Shop Owner says that, at least with HIS Customers, that they aren't buying Gold, they're Buying SILVER! We talk about that, about why that is, and MORE in today's video!
Be sure to check out Josh's Channel!:
▶ Click Here: @minotcoinbullion
🌲 Check out SD Bullion's 500 Silver Tree of Life Sweepstakes!
▶ www.sdbullion....
🔥 Get Some GREAT Deals on Silver and Gold at SD Bullion
▶ sdbullion.com/...
Want to Support the Channel?
----------------------------------------------------
BE SURE TO:
╔═╦╗╔╦╗╔═╦═╦╦╦╦╗╔═╗
║╚╣║║║╚╣╚╣╔╣╔╣║╚╣═╣
╠╗║╚╝║║╠╗║╚╣║║║║║═╣
╚═╩══╩═╩═╩═╩╝╚╩═╩═╝
▶ Become a Channel Member! bit.ly/supportss
- Channel Memberships include awesome benefits for supporting the channel, so be sure to click and check them out!s
Get your Silver and Gold Coin Ping Tester!
▶ coinpingtest.c...
*This is an affiliate link, so buying a Ping Tester through this link supports the channel!
Check out my Online Store for Collectible Silver and more!
▶ shop.coolstax....
Curious about the equipment I use for my videos? Visit this link to find out what I use in my setup!
📦 coolstax.com/p...
Check out these Epic Links Below!
_________________________________
▶SUBSCRIBE! bit.ly/2Pa3y0n
▶INSTAGRAM! / coolstax
▶DISCORD! bit.ly/skrdiscord
▶My Website: www.coolstax.com/
⚠️Disclaimer: coolstax.com/y...
________________________________
Credits:
Coin Dealer Says His Customers Are Buying SILVER, Not GOLD - But Why?
• Coin Dealer Says His C...
#silverprice #goldprice #silver #gold
I bought gold all week. I do the opposite of the masses. It works well for me.
I would love to do the same, but just can't manage to save enough for an ounce for quite some time now. I don't pay the high premiums they want for fractional gold. Unless I found a very good deal I just can't get more gold right now.
best investment advice i have had was do the opposite of what the sheep are doing broke ass are selling so means you buy
@@Dakiniwoman My recommendation would be looking for recent-ish historical coins. You can easily get Sovereigns or other smaller gold coins close to spot. The only downside is they arent 999 Pure but usualy somewhere ebtwen 900 and 950 pure. But you can just easiyl calculate the gold content from that. Recently picked up some 10 Mark Gold Coins for like 10$ over spot wich basicly translate to a little more ten 1/10 oz in gold content. 10-20 Franc Coins are also a great way to get some fractional gold without paying insane Premiums.
I'm a sheep. " the lord is my shepherd I shall not want" why's everyone poking negative on the sheep? What the good lord calls us to be. And building up the goat/baphomet? Everyone and everything that doing well getting called the 🐐. I don't like it.
F that. Too expensive at the moment. I'll wait for the inevitable shtf moment and temporary collapse of the gold price
It's not hard to figure out. Most people are broke, so even fractional gold is out of reach, but just about anyone can pick up some silver.
Exactly
if they are broke and not buying gold at this price who will buy it when it reaches 5000 an ounce
@@annwigmoreinstitute4985 I’m sure we’ve said this when it hit $1000
@@annwigmoreinstitute4985 IMO - if/when gold reaches $5k/oz., the USD won't have the purchasing power to buy gold or silver.
Yep, even the poor can buy silver dimes, $2 each
I remember buying 50,000$ of silver in one purchase a few years back while silver was sitting at the top. They still haven’t broken even. Screw eagles, no way I would pay that premium on the metals.
One reason maybe that people can't afford gold so much anymore because of inflation, our work and so much more.
Absolutely easier to fit silver in budget while gold can't fit into budget!-
Absolutely right. Inflation, recession, etc. Most people are struggling paycheck to paycheck and focusing on bare essentials, nevermind buying pms. Those that dohave wherewithal to buy pms are likely attracted to silver for its price point.
@@AnitaVMoore yes and soon with inflation when silver doesn’t fit into budgets then move to copper.
I bought gold today. So prepare for a nose dive.
No, I took care of that almost 2 weeks ago!!
@@sunbeagle9769so I’m not the only one that bought the top lol
Stackers shouldn't care about short volatility
@@ALF782 I was making a joke...
@@RockmanDash i have the same luck lol
Really great to put a face to the name. Glad you decided to jump on camera, Josh!
The thing many forget is that even if silver jumps to $250/oz, the sudden influx of sellers attempting to liquidate their holdings/stack will crash the market back to present levels or lower, and no dealer would pay full spot at that height, likely most would buy $80 back of spot.
this is a hard truth that smacked me in the face and if you live in a poor area every swinging punk is gonna want a piece of that 250 so settle for maybe getting 200
Been the opposite here at the Shop. Selling Gold and can’t keep it on hand, but barely moving junk silver. Also, Premiums are way down on gold. We are located in Greenville, SC, which is a decent distance from Minot, ND.
Thanks for the info!
What’s your store’s name?
Always a treat to hear what 'On The Level Josh' has to say! I am sticking with accumulating more Mercury dimes as you can never have to much divisibility in your stack.
Most people are just trying to buy groceries
I love to listen to you talk to each other! Always fair and true full. Thank you.
Ask your coin dealer if people come in to cash in on a “$10,000 wheat penny from their pocket change”
Ha! There's got to be way more of those kinds of folks now. People are more desperate than I've seen in a long time
Happens every day!
Sure like Josh... seems like a "solid" guy. Thanks for having him on.
Silver bounced back from 30 pretty quickly in the negative direction, unfortunately.
😂 I’m loving it …. Buying so much now
Well hello Josh! It's great to put a face to the infamous name! Thank you very much for all of the honest PM information! You are a pillar of the stacking community! I always enjoy when Silver Seeker has you on!
Watching the video now, good to see your face Josh. In my shop here in North Carolina it's been very slow when it comes to buyers, no shortage of sellers. What buyers I've had bought both gold and silver, about 50/50. Lord Have Mercy I've been running ads on FaceBook with good discounts for the last couple weeks and it doesn't seem to matter. Looks to me like people just don't have the money to live and pay their bills in this wonderful economy we have right now. Sellers are coming out of the woodwork, selling both gold and silver equally..........That's my story and I'm sticking to it. Thanks for the video Seeker and Josh.👍👍👍 Life is good......God Bless
I am following the biggest silver community channels on UA-cam and this coin dealer Josh feels like the most honest and fair dealer than those show up on other channels who usually talk politics sort of extremist agenda while this guy is only focused on the business and the knowledge straight to the point. Thanks SS your content is always informative and useful 👍
Thanks for watching my friend!
Exactly...so much fear mongering and political nonense on some of the "other silver channels"
Both of these UA-cam channels are interesting and provide excellent content but I also like the CoinHelpu UA-cam channel that’s run by a coin dealer named Daniel. You can learn a lot from these 3 channels. One of the bright spots of UA-cam.
@@jamesrobinson8247 I like Silver Seeker and Josh of Minot Coin, and Daniel of CoinHelpU as well, and i will add two more who are wise, honest ,and true -- Harry Kraus of Harry's Coin Shop in Beaverton, Oregon, who appears about once a week on the Silver Dragons channel, and Silver Joker, an old-time junk silver stacker who is not a dealer, but is very encouraging and warm-hearted.
It’s good to finally put a a face with a name! I buy from Josh regularly! He is a very solid person! I appreciate you both for all the time,information and hard work you guys put into the silver and gold community! Thank you both!
On another stackers channel, it seems that Costco has bought the rest of the US mints supply of American Eagles for the rest of 2024. Remember, Costco makes their money on membership fees. Not on what they sell.
It's both though, they definitely do make money on much of the product that they sell. But yea that's crazy that they bought up all the Eagles.
J&M and Monument both have the Eagles tubes of 20's ready to go.
@@SilverSeeker how many ounces were in that purchase? Do you know?
That's a rumor. I seriously doubt it's true.
@@ItsEverythingElse Yes, it is a rumor but then Costco is a huge retailer, so if they are selling something, they pretty much have
to do it in bulk. As to the rumor itself, what I heard was that Costco ordered 2 months of US Mint output, not the whole year.
I bought silver in the 1980s worst investment I ever made.. I should have bought high quality stocks..I still have my silver
I have been waiting44 years for silver to make move…I am 70 I can’t wait that many more years for silver to move
In 1986 silver was $5 an ounce. You could buy 5 loaves of bread with an ounce of silver in 1986. Today you will buy 9 loaves of bread with an ounce of silver. Gold would have been a better buy though and yes stocks and shares. But your mistake was thinking silver is an investment. It is a BARTER item and a SLIGHT inflation hedge with no counterparty risk. Once you hold it in your hands, you have it.
Apparently you held in 2012.
Silver hit $50..you could have sold then...it's on you not silver.
I’m still in on gold
Exciting news! The inclusion of Rose number [194] beautifully symbolizes our collaborative efforts in this creative garden at CoinEra. Let's continue nurturing this shared space together! 🌹🌷🌼 Thank you for being an integral part of it! 😊💖
Good to see Josh. Great video.
I bought gold on Easter Sunday and sold all my silver. Honestly wish I would have held on to it but I had to pay some bills. Much of my silver was traded for a couple of quarter oz eagles. I will hold on to the one ounce platinum eagles and my gold. Better than having nothing.
Your good easier metals to store
Hay Josh good to see you enjoy.
This why I watch your channel and a few others. I have unsubscribed to others for trying to FOMO on precious metals.
My biggest discipline is fighting the urge to buy collector or historical pieces. I only see ounces, prefer eagles and buffalo rounds/bars. Don’t get me wrong, I’ll buy any silver if it works in my dollar cost average…just love to stack! Great info, great video, always worth the time!
Great to see Josh.
I watched Josh’s channel when he had the couple come in with the same items to sell.
Happy to see Josh first time on camera.
Silver and gold is always high in the spiring and summer. I goes back down in the fall and winter.
Cost co is doing a loss leader on gold n silver. They love your membership dues. I personally have stopped mine because their bulk items is more expensive than my local grocery store except dog food… the irony!
I can’t help but check the spot price every day, sometimes ALL day.
I liquidated a small part of my stack…170oz of silver when spot went above $28. My DCA for that lot was right at $23. Money just went into the safe for the next silver dip.
I bought two 1/4 oz Britannias, AGE and a 1 oz ML when spot dipped to $2290.90
Hey, Josh! Good to see you. I follow you here and on your own Minot channhel. You and Silver Seeker make a great team. As for gold and silver, price is everything..... and many people have had to slow their buying cycles.
Stacking up on the junk now. Mercury dimes 1/2 dollars. Quarters are getting hard to find. Kennedy halfs too .
Gold spot rising over 300$, and premiums still remaining at 13% or even more commonly 20%+ for fractional gold makes it a no brainer. Gold is priced for the wealthy
"Gold is priced for the wealthy" Yes, it is and it pretty much always has been. Remember that saying: "Gold is the money of Kings", etc.?
Blame the rich along with China, Russia, and India.
Dealers play the game. I like the ones that admit things are getting out of control… silver will explode or deflate. We will see. My money is in silver. Politics plays a roll, war plays a roll, changing times play a roll. It will go up . I leave it at that. Up.
Interesting. I haven't bought too much this year of either metal but that's going to change soon. I expect both metals to do quite well in the next decade
I buy all my gifts this way for my kids and grandkids… it open a discussion on PM..
I seen a video of a guy who got silver at Costco and at the best price I've heard,tax free and then a comment said that in California he got a three hundred dollar off for,i cant remember the reason now. It's the "Speg-Tacular" channel. The guy on the comments got three hundred dollars of silver free.
Right now charts are show
2,200 pull back that when everyone going to buy plan on buying 20oz.
I have all the silver I plan for 2024, unless it dips around $23.50. Then, I will have to step back in.
No Gold unless it dips to $2,100.
Wait for the 1800 correction
If that happens, I will sell a third of my silver and buy all gold
Gold is king.
Its reassuring to see metals go up in price but honestly I have another 7-15 before retirement so it wouldn't bother me to see lower prices fir at least five years.
Because most people too poor to buy gold now
I diversify. I'm invested in gold, silver, crypto, and real estate. To be honest, in retrospect I wish I had invested in more real estate than any of the other investment vehicles. But, I'll continue to be resolute in diversification. Anything but keeping too much cash, which loses its purchasing power every day.
Thanks for your guys time . Bought some silver yesterday.!!
No one can afford gold right now
Just picked up 17 ounces of Silver on the dip.
ASEs at $3.99 over a few months ago were a no-brainer.
I grabbed 40 ASE at $27 each back then,,I was smiling placing that order 😁😁
How do coin dealers mitigate the risks of precious metal price fluctuations?
By charging 5-25% over the asking price of the metals, and buying them 10-5% back of the asking price.
Casual gold buyers got excited as prices jumped.afraid of missing out on whatever they’re neighbors are doing , they bought. and predictably reactionary as it corrected, they lost interest. Always chasing the “ in thing”. If it rally’s again they’ll be right back!
The LCS tells me that people are buying high and selling low. That is silver. I did that last year. Not again. I’m doing extremely well right now. I understand not everyone can buy and sell high.
The biggest thing that really happen was spot reached what people was paying for 2023 ASE not long ago, I have a few that cost me $30 a piece and I feel a little dumb not buying them at $28 now, rounds was costing more than ASE with that last push to $30 spot.
Buy toliet paper and paper towels, if the SHTF! you can sell it for 50 times what you paid for it!
YELLOW Gold!!!
Silver goes up goes down I'm still buying I have a 15 year Time span before retiring
Well, what do you expect? Who the hell can afford gold?
always good information.
The up side is so much more in silver.
Very good and honest information/advice. 👍
Cool channel, awesome interview
No one can afford gold.
Gold demand has not disappeared maybe because they can’t afford it
Look at historical ratios.
Look at amount produced annually vs amount used annually
Gold's main use is jewelry, which means that it can easily be recovered. Silver is used heavily in solar panels, meaning it's not as easily recoverable
Price of gold is prohibitive for most people.
Basically, EVERY metric used for comparison says to buy silver
The Costco effect is Real. I try to buy either Gold or Silver whenever I can. Now that Costco sells gold and Silver I don't buy anywhere else. Their price is unbeatable, and when gold and silver are in the rise, Costco price is fixed per day. The only thing is trying to get it before they run out.
For the most part it has been China, India, and Russia that have been the drivers of the run upon gold prices since 2000 Oops, I forget about the tech rich who bought a bunch of gold too. The upper middle class have most their money in real estate and wall street casino.
I think anyone looking to make a quick trade should look elsewhere not physical pm’s.
I had a way different visual of what Josh would look! I'll spare you the details and just say, " allot younger than I thought he'd be"!
If I was forced to guess what year end gold and silver would be, I’d guess 2450/oz and 35/oz.
I'm only buying gold
By me gold is on 🔥🔥🔥🔥🔥🔥🔥🔥
My concern isn't to get rich. I'm more concerned about money that's been saved is either made worthless and/or converted to a CBDC that's totally controlled by the powers at be.
Definitely staying away from Eagles at least for now.
Thanks for sharing Seeker
Well, an ounce of gold costs 100x more than an ounce of silver, so…. Logic!
If it were only that simple my friend
Buy low, sell high. Gold is at extreme highs now. Time to HOLD or SELL gold, not buy, if you’re not rich. Only rich folks can afford gold right now. Silver is affordable for the average person..
How much silver or gold does it take to buy an average home or car in each major country? Would make an interesting video to show the true value of gold and silver on a global scale.
Why pay 2300/oz when gold will be back down to 1849/oz by October. I know the stacking community is all about buying no matter what but I believe there is a place for us stackers that try to time our purchases to coincide with low spot and low premium.
Keep in mind the BRICS are having a big meeting planned this October with a possible release of a new gold backed BRICS currency? Zimbabwe just released their new gold backed currency about 2 weeks ago... the ZIG. The world is changing, don't rely on your normalcy bias...
@@Tommasini9 Keep in mind that the spot price is based off of nothing in reality and is, in fact, a big emotional child when it comes to the market. Nobody truly cares about those things in the day to day trading market and gold in fact will correct down towards 1800 because the price it's at now is 'pricing in' a LOT of hearsay that will not happen.
... normalcy bias
😂
You sound like some who were screaming "Gold to 600", when we were at 1200 !!!
😂
You keep waiting...😉
@@tonydanzl just my opinion you don't need to be a jerk about it. If it never comes down below 1849 that is fine with me there are a million different avenues for me to invest my money and I would not miss holding physical gold if the price is not right for me. Try being a little bit more classy instead of classless.
I bought 4 oz gold at around 350$ oz sold 2 oz for 1400$after waiting 10years then gold went to 1800 oz kept em 😡 went back to 1200$ now 2300$ what would you recommend 😂got them free
So if you buy silver at $26.75oz today…he said possibility of $28.00oz silver by December 2024 that’s a 4.7% return + inflation at 0.35% month 0.35 x 8 months left current year = 2.8% So 4.7-2.8 = 1.9% gain in silver by December. Or just take your 2.8% (inflation loss only) on the US dollar by December 2024.
You mis-understood him. He didn't predict the price at all, he said that it could happen that way.
When the silver stampede starts, the 90% silver will be the first to sell out.
Aquire it all!
With inflation the way it is, and food, plus everything, is costing a lot more, yet wages have not gone up, it is true that most people can only look at buying silver for the lower cost. I know I just got another kilo of silver and didn't buy any gold lately because I need to use my money for food. I could only buy fractional gold with a high premium for the same price as a Kilo silver bar with lower premium it makes more sense to me. Also the higher the cost of gold, the less likely it is to find buyers if we get into the emergency situation and need to cash in some of our stack to meet essential needs. I would love to buy more gold myself, but lately can only get a bit more silver now and then... not nearly as often as I was a few years ago. I never bought any metals thinking of selling for profit, I bought and buy only for preservation of wealth with no expectations.
Congrats Josh on the face reveal now salivate metals, silver dragons, and Yankee are left 😂
Silver seeker nice to see that your brother is in the business too. Why haven't you interviewed your brother sooner?
Rofl I am.not related to Josh but I will admit we do look similar.
Because we are buying Gold from Costco only.
Charts are saying silver is headed down to the $20 dollar neighborhood..
Nope, heading to 35+ after this correction is over
wow. a real prognosticator... surely you've amassed bazillions of dollars, what with the powers of prediction that you obviously possess... my only question is, considering your great wealth and powers of prediction, don't you have much better things to do besides wasting time watching and commenting on lame youtube videos?!? and silver? you're so wealthy why tf are you following silver?!?
Not on my chart
It's not surprising. People buy what they can afford. For 2300-2400 you can buy a lot of silver. Many people may love to have a Mercedes or Cadilac but buy a Chevy or Ford because it more in their budget.
To summarize : Greed and fear.
Why are silver Eagles so expensive? Supply and demand or something else?
Josh! Awesome finally see a face! Now just do face revealing on your channel.
I bought 10 ounces of gold today. Buy the dip.
Most emotional twisted ones they are too unstable to be pro poker players. These lottery junkies are the same stackers😂
Not to many people can afford gold because inflation is so dam high under Bidumbnomics! Silver is more affordable and may even outperform gold in the long run as far as growth!
If you understand why it's under priced you can explain it to them then new people can either do their own homework or not. But if you don't inlighten them to the possible monitary crisis that is coming most people will be blind sided. If you choose to not educate them that's fine but don't feel superior to those that do fear what our government can do in regard to monitary policy. Real problems are coming and most don't know.
would you rather buy gold at a high? or silver at a medium?
Does anyone other than me think Josh and Seeker favor each other?
You aren't the first person to say it lol, but definitely no relation there.
Seeker is my brother from another mother… and father. Lol.