Florida Coin Shop Owner Talks About What Could Happen To Pricing IF Silver Goes $40 + |

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  • Опубліковано 9 чер 2024
  • Florida Coin Shop Owner Talks About What Could Happen To Pricing IF Silver Goes $40 + | #Trending
    Serving central Florida for over 8 years, Vermillion Enterprises is Spring Hill, Florida's premier coin shop and gold dealer. Always buying and always selling coins and precious metals like silver, gold, platinum, palladium, and rhodium.
    Give Vermillion Enterprises a call at:
    (352) 585-9772
    Visit our Spring Hill coin shop, located at:
    5324 Spring Hill Drive
    Spring Hill, Florida 34606
    Monday - Friday: 9AM - 4PM EST
    Saturday: 9AM - 2PM EST
    Sunday: Closed
    To learn more about Vermillion Enterprises visit our website at:
    vermillion-enterprises.com/
    Shop our new online coin shop at:
    springhillcoinshop.com/
    Must Know Formulas For Silver & Gold Stackers:
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    Payment Via Cash, Check, Wire, Zelle.
    #JunkSilver #Gold #Silver #Cash #VermillionEnterprises #Vermillion #SpringHill #Florida #AmericanGoldEagle #SilverEagle #SilverBar #SilverOunce #Kitco #Apmex #Coin #MorganSilverDollar #SilverDollar #PeaceSilverDollar #Krugerrand #MapleLeaf #Cashforgold #JMBullion #SilverTowne #Engelhard #Platinum #Palladium #Rhodium #NGC #PCGS #ICG #ANACS #Currency #investinyourself #silverstacking #silverstack #goldstacking #coinshop #coincollecting #numismatist #numismatic #investing #investor #ideas #knowledge #recession #inflation #smartmoney
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КОМЕНТАРІ • 88

  • @vermillionenterprises
    @vermillionenterprises  20 днів тому +8

    What say you?

    • @JFEnterprize
      @JFEnterprize 20 днів тому +1

      All depends on what you say here 😂🎉❤

    • @abrahams.lincoln6749
      @abrahams.lincoln6749 20 днів тому +1

      Happy Monday fellas. 👋

    • @PoorMansInvesting
      @PoorMansInvesting 20 днів тому +2

      The volatility of 2011 top was crazy. The week heading into the high was an easy call for me. $4+ in a week, I just knew was too much.

    • @scotttousey227
      @scotttousey227 20 днів тому +1

      Yesterday the Indian government stopped using the petro dollar how long will it take for the value of dollar to go down and wouldn't that mean metals would go up sooner than later

    • @vermillionenterprises
      @vermillionenterprises  20 днів тому +1

      @@scotttousey227 time will tell, will be interesting

  • @krazykobe8
    @krazykobe8 20 днів тому +12

    Always can count on the most informative honest information here thank you.

  • @mikebrewer5758
    @mikebrewer5758 20 днів тому +10

    Thank you for the heads up. As precious metals climb in price. People with bad intentions sadly are going to become more prevalent.

    • @JP5466
      @JP5466 20 днів тому +1

      At some point all larger size bars will have to be drilled and tested because no one will trust those.

    • @mikebrewer5758
      @mikebrewer5758 20 днів тому +1

      @@JP5466 I have heard of this being done.

    • @0004612
      @0004612 17 днів тому +1

      @@JP5466agreed. Wish I hadn’t bought ten ounce bars in 2016-‘17.

    • @JP5466
      @JP5466 17 днів тому

      @@0004612 Better than owning 100oz bars. Fractional is always best, for both G&S.

  • @JP5466
    @JP5466 20 днів тому +8

    Thanks Brian. One day I have to fly down there and buy everything in the store.
    These crypto spammers are beyond annoying. I've noticed that many PM You Tube channels do NOT delete their spam posts... why?

  • @phildoherty3534
    @phildoherty3534 20 днів тому +6

    You have GREAT info, I hope all the copycat 'GRIFTERS' get lost, and don't ruin a good thing for their personal GREED !

  • @holdfastjoe8841
    @holdfastjoe8841 20 днів тому +7

    The scammers have even paid for advertising and sent people to their fake websites to get your money.
    I lost a little bit of money from an ad scam. Not a big deal, but I was surprised by it as it was very well done, looked legit to me until a few days after the links were all dead and realized I wasn't getting the cool gadget I thought I was buying haha

    • @vermillionenterprises
      @vermillionenterprises  20 днів тому +4

      its has become ridiculous

    • @scotttousey227
      @scotttousey227 20 днів тому

      ​@@vermillionenterprisesyes and a liar and theif goes hand in hand it's terrible they get away with these scams have a good day probably see you soon again

  • @silversleuth007
    @silversleuth007 19 днів тому +1

    Dang! Owning a coin shop sounds extremely stressful.
    I'm glad that they exist, though.
    Thank you for sharing your knowledge and opinions.

  • @user-zl7uf5ii1n
    @user-zl7uf5ii1n 20 днів тому +7

    Good job thank you

  • @honda_doc6826
    @honda_doc6826 20 днів тому +7

    Thanks.

  • @kertbert1
    @kertbert1 18 днів тому +1

    Seems to be the only guy telling the truth. Thank you and God Bless you!

  • @JALRML1251
    @JALRML1251 20 днів тому +7

    I've noticed the spam. It's often obvious when a comment get like 20 responses as to some wonderful investor where they make 300% etc. Spammers are taking others video clips, click bate at best, pernicious at worst. Anyone who follows you will immediately see through spammers/thieves.

  • @medhead964
    @medhead964 20 днів тому +5

    Great info, I'm assuming no premium changes since the last update?

  • @Chiligumbo1
    @Chiligumbo1 20 днів тому +6

    Just so u know they, the scammers, can also clone a phone number. Gotta be sure who u are talking to. They seem to clone a certain pay app.

  • @user-yw8ir3mz5c
    @user-yw8ir3mz5c 20 днів тому +1

    Thank you for the info. Crazy things people try to do.

  • @coloreye7963
    @coloreye7963 20 днів тому +3

    lol! I saw the hack yesterday with the what’s app number. Smh. F them. I’m so tired of dealing with the scammers.

    • @vermillionenterprises
      @vermillionenterprises  20 днів тому

      us to...they are everywhere though unfortunately

    • @mattmatt6572
      @mattmatt6572 20 днів тому

      I'm surprised enough people fall for it for ot to be worth them doing it.

  • @jasonandjulim4163
    @jasonandjulim4163 20 днів тому +5

    Thanks for the insight. I can see liquidity grinding to a halt before something like a deadlock happens. I imagine both would happen together. The peanut thing was caused by the '08 crisis and the listeria outbreak at the same time.
    This financial crisis is being caused demonic forces that cant do Math 😂

  • @gotime7648
    @gotime7648 20 днів тому +17

    Million of oz's of silver out there. How many millions of fake oz's are out there as paper contracts ???

  • @steveb855
    @steveb855 20 днів тому +4

    FB wont delete reported scams... "does not violate our standards".

    • @turokforever007
      @turokforever007 20 днів тому

      UA-cam adverts are mostly scams and they don't care

  • @Johnsmith46392
    @Johnsmith46392 20 днів тому +3

    I heard from my LCS that when silver spiked in 2011 that the refiners just stopped buying. Were you around then to verify if that happened?

  • @LocalCoinReview
    @LocalCoinReview 20 днів тому +5

    Cool

  • @markscarupa4713
    @markscarupa4713 11 днів тому

    TY

  • @patchrat1
    @patchrat1 20 днів тому +1

    I have not gotten any spam from you but have gotten them from other sites I reported them immediately

  • @darrensoldan5972
    @darrensoldan5972 20 днів тому

    Good information. See I'd cut the payment in half. Take some cash and trade some silver for gold to ease the cash that way 👍

  • @Digital.Photography
    @Digital.Photography 15 днів тому

    Predict Silver drops to $23.00 oz before / if it ever gets to $40.00

  • @kevink6420
    @kevink6420 19 днів тому +1

    If you guys as a business arent selling on reddit yet you should be. They do a better job of weeding out scammers than ebay and facebook. You guys would fit in very, very well over there. Its a very low premium type bullion market.

  • @JeffreyJApexGoldSilverCoins
    @JeffreyJApexGoldSilverCoins 20 днів тому +5

    Brian is so cute buy his coins.

    • @JP5466
      @JP5466 20 днів тому +3

      In the 90's I worked with a guy (coincidentally named Brian) who could've been his doppelganger, only he was about 60-70lbs heavier.

  • @mikehoward3489
    @mikehoward3489 5 днів тому

    Do you charge sales tax when you ship to MinnesotA?

  • @charleswilson6789
    @charleswilson6789 20 днів тому +3

    Need bin video

  • @tomtwo8714
    @tomtwo8714 20 днів тому +7

    Silver is a finite resource.

  • @MrDGoldchains
    @MrDGoldchains 20 днів тому +1

    Kitco bid or ask? Which are you quoting for your premium price over spot?

  • @davidgibson9049
    @davidgibson9049 17 днів тому

    do you trade silver for gold

  • @jamessteele2825
    @jamessteele2825 20 днів тому +4

    I know u say millions of ounces of silver out there and that's very true. But in perspective if everyone in US alone owned 1 ounce that's closing in on 400million. So pretty easy to absorb a few million ounces

    • @JP5466
      @JP5466 20 днів тому +2

      They'll just mine 400 million more ounces.

    • @buyystocks
      @buyystocks 20 днів тому +2

      big if when maybe 2% are stacking.

  • @stevekamitsis1327
    @stevekamitsis1327 7 днів тому

    Steve in panhandle says good video thank you Brian, now to the business end, Brian I think by end of June silver climbs back to around 32 dollars a ounce, I guess we will see.

  • @willweed6168
    @willweed6168 20 днів тому +3

    😐

  • @user-md8dp9lh4y
    @user-md8dp9lh4y 20 днів тому +4

    I doubt the election takes place , my primaries have been cancelled till further notice 🤣🇺🇲😎

    • @scotttousey227
      @scotttousey227 20 днів тому +1

      Where do you live I haven't heard about that and we're having guests in Cuba this week our unfaithful leaders still trying to start ww3 were the biggest coupers in the world we seem to like overthrowing other governments who the people elect like Ukraine 2914 and Iran in the 70s and a bunch of others

    • @scotttousey227
      @scotttousey227 20 днів тому +1

      Woops 2014

  • @stevekamitsis1327
    @stevekamitsis1327 7 днів тому

    Add on to last comment, Brian I also like you believe that shortly after elections, everything will go to crap,and who knows what black swan event awaits us.

  • @turyzorrilla4478
    @turyzorrilla4478 20 днів тому +3

    Alot more fiat then available silver my friend only 0.2 % of population own metals

  • @walterpaul9105
    @walterpaul9105 20 днів тому +4

    11:30 Really Brain, "millions upon millions of tons of silver". The most consistent estimate I've seen is 6 Billion troy ounces of above ground silver (and interestingly a similar quantity of gold), less than 1 troy ounce per person world-wide. Now a "ton" of silver is 1000 kg, and there are 32.15 toz in a kilogram. So 6 Billion troy ounces of silver is (6000000000 toz)*(1 ton/1000 kg)*(1 kg/32.15 toz) = 190,000 tons of silver, so less than 20% of 1 million tons. Please show my silver estimate or math is wrong, or issue a correction.

    • @Johnsmith46392
      @Johnsmith46392 20 днів тому +4

      Maybe he doesn’t mean tons as literally weight but just a lot.

    • @chrisdowns422
      @chrisdowns422 20 днів тому +2

      Later on in the video, he says "millions of ounces". So he issued the correction.

    • @silversleuth007
      @silversleuth007 19 днів тому

      I use the term $hit-ton occasionally.

  • @turyzorrilla4478
    @turyzorrilla4478 20 днів тому +2

    What happens when the sheep awake umptanium

  • @richardmcconahy3527
    @richardmcconahy3527 20 днів тому +4

  • @dang6684
    @dang6684 18 днів тому +1

    Try not to worry about how many oz's of silver are out there do worry about how many dollars are out there :)