10 Things I Wish I Knew Before Buying Silver and Gold

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  • Опубліковано 22 гру 2024

КОМЕНТАРІ • 211

  • @Death_From_Below
    @Death_From_Below Рік тому +15

    I prefer local bullion as you say but those 10 oz RCM and Perth Mint Dragon bars are hard (impossible) to pass up. The U.S. Mint is missing the boat on bars and tenth ounce buffaloes.

  • @TalkingBullion
    @TalkingBullion Рік тому +12

    Great video. I don't share my personal game plan with anyone for obvious reasons but I can tell you, it is all important. One of the most important IMHO is having cash stashed with your PM's. The likelihood of cash being worth zero anytime soon is very small. It will be needed to get you by with whatever scenario you are facing. Thanks CM!

    • @SilverBritches
      @SilverBritches  Рік тому

      Hey TB great to see you sir. I hope everyone is all doing well. Thanks for swinging by sir.

    • @silverhustlin1390
      @silverhustlin1390 Рік тому

      Definitely!

    • @DrSchor
      @DrSchor День тому

      so can you tell us what is 2?

  • @ponzo1967
    @ponzo1967 Рік тому +18

    Florida you either buy Eagles or spend $500 to avoid sales tax. It's different in every state though.

    • @SilverBritches
      @SilverBritches  Рік тому +6

      It’s so weird but that’s what makes a perfect union. State’s rights.

    • @jessec5713
      @jessec5713 Рік тому +3

      MD is tax unless you spend $1,000 or more.. 🫤 That’s the reason most of us in this community here wait an entire month to buy

    • @SilverBritches
      @SilverBritches  Рік тому +5

      Makes sense. Tax on physical money is unconstitutional.

    • @glutemaster
      @glutemaster Рік тому +3

      Wow, $500!!? In Kommifornia with Newsolini, we have to pay $1,500 to avoid sales tax.

    • @SilasMarnerAuAg
      @SilasMarnerAuAg Рік тому +3

      @@glutemasterand in the red state of kentucky, we have to pay sales tax on all PM purchases regardless of the amount

  • @saint-bj4sd
    @saint-bj4sd Рік тому +3

    In my state of washington, cash is king and the king says no tax on what you can't digitally trace or sell...

  • @rodneyparker5313
    @rodneyparker5313 Рік тому +9

    I used to collect coins, now I just buy the cheapest generic rounds I can find. At the end of the day if silver goes to 200 an ounce, premiums on specialty coins will go away. An oz of silver will be an oz of silver. It's all going to the smelter.Also, never buy fractional silver.

    • @SilverBritches
      @SilverBritches  Рік тому +5

      Never ever buy fractional silver!

    • @peterpete3125
      @peterpete3125 5 місяців тому +1

      $200 silver won’t happen in your lifetime.

    • @DrSchor
      @DrSchor День тому

      why does pure silver have to be smetled

  • @SilverStruck
    @SilverStruck Рік тому +5

    Great video! I love the reverse proof ASE's- right on number 9! Agree with 10 as well, cash on hand will buy food when the power is out 👍👍

  • @Staygoldponyby
    @Staygoldponyby Рік тому +8

    I agree with the tax laws wish I knew more..I wish I would have gotten into metals when I was younger

  • @liquidstacker8781
    @liquidstacker8781 Рік тому +5

    Great video!, I had to ditch those garbage bags on my RCM bars as well. They look so much better in the capsules don't they?

  • @andyb8838
    @andyb8838 Рік тому +3

    Thanks!

    • @SilverBritches
      @SilverBritches  Рік тому

      Once again Andy my humbled by your generosity sir!

  • @rcasper1809
    @rcasper1809 Рік тому +2

    Like your advice.. with stacking your own country mint.. I made a mistake at start, now im tying to rectify now.. been collecting for 2 years.. and at the start you just like everything you see! like a kid in a sweet shop.
    Royal mint from UK quality control is the worst..
    Austria always seem to be quality and designs, but problem down the line selling and taxes ..

    • @SilverBritches
      @SilverBritches  Рік тому

      Thanks Casper. I try to bring balance to the pms.

  • @SalivateMetal
    @SalivateMetal Рік тому +3

    A great list that people need to consider. So many things that people learn late in the game. Capsules are great for these bars., I need to get some for my sunshine mint bars. What software did you use for the text in this video?

  • @TheSilverBackStacker
    @TheSilverBackStacker Рік тому +1

    I agree with the list. Thanks for taking the time to make the video.

  • @mshunter5042
    @mshunter5042 Рік тому +2

    What about clad silver or gold???
    And what yr morgan , liberty 's are good to buy

    • @SilverBritches
      @SilverBritches  Рік тому +1

      I normally stick with pure silver or gold. As far as particular years, I try to stay away from that sort of thing because it’s more expensive. I usually go for as much weight as possible.

  • @ponzo1967
    @ponzo1967 Рік тому +6

    I wish I would have known how much prices would go up because I started in 2018. My LCS was dropping Eagles for $17, I would have bought him out LoL

    • @SilverBritches
      @SilverBritches  Рік тому

      No doubt!

    • @ScottOuellette-p1d
      @ScottOuellette-p1d 2 дні тому

      I WAS BUYING ASE'S IN 1990 FOR 4.00 DOLLARS EACH. I BOUGHT 2 SEALED MONSTER BOXES FOR 1895.00 EACH IN 1990. I HAVE THOUSANDS MORE AND HUNDREDS OF 10 OZ. SILVER BARS.

  • @StackMore
    @StackMore Рік тому +1

    Absolutely a beautiful stack!
    Great Gems you’re dropping!
    Continued Success!!!

  • @Sniper.925
    @Sniper.925 Рік тому +4

    I never pay taxes....cash deals only

  • @SeñorTrumpito2024
    @SeñorTrumpito2024 Рік тому +1

    Where can I buy silver for starters?

  • @riyadhbaksh2415
    @riyadhbaksh2415 Рік тому +2

    Nice stack. Where do you get the case for the 1oz rcm bar?

    • @SilverBritches
      @SilverBritches  Рік тому +1

      Type in on fire guy on Amazon. He’s got a store.

  • @JimmyLicari
    @JimmyLicari Рік тому +1

    Great points and tips my friend! I always appreciate other's perspectives and inputs on different topics and subjects.

    • @SilverBritches
      @SilverBritches  Рік тому +1

      Glad it was helpful! I’ll try to find more like this.

  • @bigo2032
    @bigo2032 Рік тому +1

    Great advice, thanks for the heads up,Keep Stackin bro

  • @trentsuveges7622
    @trentsuveges7622 6 місяців тому +1

    Hey what is that clear tube in the title photo? That looks amazing

  • @thesarge4457
    @thesarge4457 Рік тому +1

    Wish I had an LCS in my little town like yours, sometimes they have coins, sometimes they don't. Agreed. Thank You Sir.

  • @martinrev8487
    @martinrev8487 Рік тому +1

    Good share.
    Agree on stacking local bullion, especially sovereign coins. It gives your stack a prepper edge, and helps on the sell side.

  • @silverhustlin1390
    @silverhustlin1390 Рік тому +3

    Good list! There’s no tax on peer to peer sales?!

  • @5.0beers70
    @5.0beers70 Рік тому +4

    Good video, I still don't have a safe but I did get a home security system.

    • @SilverBritches
      @SilverBritches  Рік тому +4

      Get something 😆😆

    • @igglybiggly6951
      @igglybiggly6951 Рік тому +3

      My Rottweiler and Corgi are my alert systems and the shotguns and variously placed Sigs and Glocks in the house are all I need

    • @SilverBritches
      @SilverBritches  Рік тому +1

      Judging by my analytics most of have your protection too 😆

    • @5.0beers70
      @5.0beers70 Рік тому +1

      @@SilverBritches Yeah, I got plenty of condoms.

    • @SilverBritches
      @SilverBritches  Рік тому +1

      @@5.0beers70 😆😆😆😆😆

  • @TheQuickSilver101
    @TheQuickSilver101 Рік тому +1

    This was excellent! You should consider posting this video to your Home page here on UA-cam. Thanks!

  • @Quahogstacker
    @Quahogstacker Рік тому +1

    Great video thank you for sharing your experience and some awesome information

    • @SilverBritches
      @SilverBritches  Рік тому

      Thanks for watching! I enjoy making videos like these.

  • @mdavid2100
    @mdavid2100 Рік тому +1

    Great informative video. Thanks, Clean Money.

  • @010416182027
    @010416182027 Рік тому +1

    ive been stockpiling cash keeping it in $500 /'envelope" for the just in case but its also used to buy gold when the price is right

  • @sirstacksalot991
    @sirstacksalot991 Рік тому +3

    I am pretty lucky that the online dealer I go threw let's me make payments on my gold purchase at no extra cost. It allows me to make bigger purchases and to stay within my budget.

  • @skullstaxx
    @skullstaxx Рік тому +4

    Great list. If we all could just see the future

  • @jonson4201
    @jonson4201 Рік тому +5

    I love Perth mint for the price and the quality of the gold, as well as Canadian for the quality and lower premium. I have more Perth fractional than I do US or Canadian. Also I cant seem to pull away from the 1 oz Perth gold as well for the same reasons. I’m in the states. In your opinion should I eat the bigger premium and focus on eagles and buffalos, is Perth and Canadian harder to liquidate? Great continent as usual. Rise and grind sir.

    • @SilverBritches
      @SilverBritches  Рік тому +1

      It really depends on your area or how you ever resell. I absolutely adore Perth Mint gold too, I normally would only get spot locally but I’m in it for the long haul.

    • @jonson4201
      @jonson4201 Рік тому +1

      Appreciate your input. My plan is to use it as a retirement supplement, or best case leave to my son. I have never sold anything I have acquired so the liquidation part is still a bit of a mystery. I’m in the Rocky Mountain region but may relocate back to my roots to a warmer southern state for the golden years. Thank you again.

    • @SilverBritches
      @SilverBritches  Рік тому +1

      Cmon down to Georgia there’s plenty of room.

    • @jonson4201
      @jonson4201 Рік тому +1

      ❤ I miss the south so much!! Good people and great cooking!!! You may have another local subscriber in a few years!

    • @alexpearson8481
      @alexpearson8481 Рік тому

      Here, once ounce pays the same. 1 ounce is 1 ounce at the coin store. I wish the stores would share a little more on buffaloes, either on the sale or on the sell, if so I’d be all in on buffalos. But the premium is just too high.

  • @David_Quinn_Photography
    @David_Quinn_Photography Рік тому +1

    1st time to watch your videos and damn you hit it right on the money, especially about tax laws, I am near 3 other states every single one is different with metals, 1 doesn't tax at all, 1 taxes none US coins and bars, 1 state taxes numismatic value, then my state taxes you if you buy less then $1000 worth of metals so depending on my budget dictates what LCS I am going to and #10 is a must where I live we have random power outages all it takes is some good gust of wind and I may go without power for 2 days so cash is very much so a need and I know so many people who only have a card 1 single card to their name and every time the power goes out they need cash loaned to them and you'd think after 25 or so years they'd know cash is king.

    • @SilverBritches
      @SilverBritches  Рік тому

      Maybe you should lend them cash and charge interest 😆 appreciate the comment Dave.

  • @Virgin_Stacker
    @Virgin_Stacker Рік тому +1

    APMEX does sell small security boxes/safes.

  • @angel.maldonado
    @angel.maldonado Рік тому +1

    Great video. I agree with your list. Keep it up!

  • @72cmcinc
    @72cmcinc Рік тому +1

    Excellent list, well said!

  • @AnxiousStacker
    @AnxiousStacker Рік тому +3

    Definitely a great list and agree with all of it. Especially with creating more revenue. My side hustle dried up so I have to figure out another one or two. Im looking all over for a reverse proof Libertad and RP eagle, unslabbed to save money

  • @richpederson6691
    @richpederson6691 Рік тому +1

    Nice video, very good list you made there.👍

  • @xuesje
    @xuesje Рік тому +1

    Were do you buy your 10 oz bar capsule and were can you buy the canadian mint bar? My dealers here in Europe don’t sell them. I really like this design.

    • @SilverBritches
      @SilverBritches  Рік тому +1

      I usually buy locally. That’s a tough call because I have no clue about European dealers but usually there’s folks in the states who ship internationally but it defeats stacking because it’s a steep price.

    • @xuesje
      @xuesje Рік тому +1

      @@SilverBritches thanks for your reaction! Hopefully I will found a dealer🫣

  • @PreppingWithSarge
    @PreppingWithSarge Рік тому +1

    Yeah man, definitely learn a lot in first year of stacking and people should be ready to adjust their strategies accordingly

  • @IslamAhmedhrd
    @IslamAhmedhrd Рік тому +1

    What is the best website to use daily to monitor the prices of gold and silver in Canada?

    • @SilverBritches
      @SilverBritches  Рік тому +1

      I stick with trading view.

    • @IslamAhmedhrd
      @IslamAhmedhrd Рік тому +1

      @@SilverBritches can you elaborate please

    • @SilverBritches
      @SilverBritches  Рік тому +1

      It’s an app you can download. It’s called trading view. I save my personal favorites on it.

  • @goldmaple5290
    @goldmaple5290 Рік тому +3

    Here are some things I should have known when I started buying precious metals. I should have bought more bullion less numismatic coins. I should have bought more gold even if I could not afford to buy 1 oz - maybe 1/10th or 1/4th oz gold. I should have bought more gold Eagles and Maples, Silver Eaglrs and Maples because these have risen in value. I should have bought more limited minted key date numismatic coins classic Morgans, Peace, Canadian voyageur dollars- some have doubled or tripled in value. I should have saved some of my clad coinage to check for errors - you get good money for error coins even if they are not made of silver or gold.

  • @send2georgie_S2G
    @send2georgie_S2G Рік тому +1

    Good to go back to basics once in awhile Britch. Great video and yes the bars do look a lot better in capsules. Cheers and keep on stacking ✌🏻😊

  • @whatmattersmost6725
    @whatmattersmost6725 Рік тому +1

    PLEASE PLEASE PLEASE get someone ON and even protect there identity...WE NEED THIS PLEASE Clean Money....

    • @SilverBritches
      @SilverBritches  Рік тому

      I’ll see what I can do. It’s tax season so everyone is slammed at the moment.

  • @smith1979
    @smith1979 Рік тому +1

    What is your take of opening full tubes?

    • @SilverBritches
      @SilverBritches  Рік тому

      If you can count them from inside leave them in there sealed.

  • @philippagliaro6314
    @philippagliaro6314 16 днів тому

    Hard to get those premiums back

  • @CarlDi3trich
    @CarlDi3trich Рік тому +3

    "My pyramid is off. Oh well. I'll have to buy more." ❤

  • @andyb8838
    @andyb8838 Рік тому +1

    Tell it like it is!! Thank you.

  • @bullionaddict9164
    @bullionaddict9164 Рік тому +4

    Someday when I build my Time Machine I’m going to back and fix all my mistakes 🧐

  • @tonyp2632
    @tonyp2632 Рік тому +2

    10:05 PVC damage on coins results from improperly storing coins in soft plastic flips or other plastic coin holders containing PVC.

  • @sanpedrosilver
    @sanpedrosilver Рік тому +1

    What did you pay for the RCM bar and the Eagles ?
    Curious.. Thx

  • @briantuttle4426
    @briantuttle4426 29 днів тому

    Silver britches as in UGA? Great video!

  • @sestacker
    @sestacker Рік тому +6

    100% agreed, I stack generic Bullion, and yes Cash is important to have, sweet Stacking

  • @jamiefox1045
    @jamiefox1045 Рік тому +1

    I like capsules for my 10 oz bars too, but the prices for them..😮

  • @eddiejones-fm7pr
    @eddiejones-fm7pr Рік тому +2

    At least a TL 15 rated safe. Especially if you are insuring the contents. Gun safes can be pried open with a crowbar. Foreign metal have to be reported generally when selling 25 or more ounces. An IRS form will need to be filled out. I don't do collectibles. Worry that in a pinch, I couldn't get my investment back. I keep my bullion in tubes and never look at them. My monster box(s) remains sealed (more liquid, easier to sell back to the dealer ). The only commemoritive I have is the 225th Anniversary African American lady liberty. It has appreciated much. I'm a big fan of local bullion as well.

    • @SilverBritches
      @SilverBritches  Рік тому +1

      I’m a big fan of yours Eddie by the way it sounds.

    • @eddiejones-fm7pr
      @eddiejones-fm7pr Рік тому +1

      @@SilverBritches
      And I yours 😉

    • @silverhustlin1390
      @silverhustlin1390 Рік тому

      Would you fill out a tax form peer to peer? You guys seem quick to give the man some more $

  • @vm.999
    @vm.999 Рік тому

    Thanks for the video fam

  • @invisiblestacker
    @invisiblestacker Рік тому +1

    Below TL15 is the UL for the US and S2 for Europe. Not as good as a TL15 but much better than a cheap safe. From what I gather, these safes will withstand 5 minutes of similar efforts as the TL15, which can handle 15 minutes of expert concerted efforts to break in to.

  • @mikeizza8244
    @mikeizza8244 Рік тому +4

    im in the us, no way im stacking eagles

  • @newenglandstacker
    @newenglandstacker Рік тому +3

    Appreciate the list - especially #10. Been seeing a lot of UA-camrs tell people to convert 100% of their savings into PM lately. Terrible advice; straight-up reckless, IMO.

    • @SilverBritches
      @SilverBritches  Рік тому +1

      Stay away from fear mongers. They’ll get you wrecked or cause you to lose out on building wealth.

    • @newenglandstacker
      @newenglandstacker Рік тому +1

      @@SilverBritches 💯

  • @sekoushumba8115
    @sekoushumba8115 Рік тому +1

    Nice job

  • @mikenelson7894
    @mikenelson7894 Рік тому +3

    Your making a whole lot of sense. Agree 100%

  • @Eli-qr9hc
    @Eli-qr9hc Рік тому +2

    Always good to revisit. Great idea

  • @sanpedrosilver
    @sanpedrosilver Рік тому +1

    TL-30 is definitely the way to go. Used ones are much cheaper and work just as good as a new one. They are out there

  • @anecdotalecon
    @anecdotalecon Рік тому +1

    Wait wait wait? You like your money clean? Damn. Learn something new everyday. Thanks for the vid.

    • @SilverBritches
      @SilverBritches  Рік тому

      Appreciate it bro. Keep grinding out those videos.

  • @edwardscissorhands4007
    @edwardscissorhands4007 Рік тому +1

    KEEPIN' IT REAL

  • @italiang8470
    @italiang8470 Рік тому +1

    Very good video

  • @josefsmith3140
    @josefsmith3140 3 місяці тому

    I put everything in capsules.

  • @womblestacker7993
    @womblestacker7993 Рік тому +1

    Look at all that nice womble stacker

  • @mr_digdeeper
    @mr_digdeeper Рік тому +1

    Beautiful!

  • @eddysmith568
    @eddysmith568 10 місяців тому

    I have deer camera so I see who is looking around and who is just walking past.

  • @dalzcoins7528
    @dalzcoins7528 Рік тому

    Wow nice coins ❤❤❤👍👍🙏🙏

  • @womblestacker7993
    @womblestacker7993 Рік тому +1

    Nice bars

  • @ScottOuellette-p1d
    @ScottOuellette-p1d 2 дні тому

    IF YOU MUST SELL WORK IT OUT SO YOU SELL A LITTLE SILVER AT A TIME. WORK IT OUT SO YOU GET PAID IN CASH. GIVE YOUR BUYER TIME TO GET THE CASH.

  • @ScottOuellette-p1d
    @ScottOuellette-p1d 2 дні тому

    NO SALES TAX IN THE LIVE FREE OR DIE STATE...NEW HAMPSHIRE

  • @jimmytwotone2127
    @jimmytwotone2127 Рік тому +4

    C'mon your smart enough to know that you let go of less than 10k at a time....🤔🍻

  • @dontask8979
    @dontask8979 Рік тому +1

    Agree x10

  • @aceg7098
    @aceg7098 14 днів тому

    Cash deals only

  • @missingnoglitch520
    @missingnoglitch520 Рік тому +1

    Do you guess with your wife 😆 🤣 😂

  • @BasedNoticerOfPatterns
    @BasedNoticerOfPatterns 8 місяців тому

    Are you of African American decent?

  • @fromontario6954
    @fromontario6954 Рік тому +1

    👍

  • @kingmagpie666
    @kingmagpie666 Рік тому +1

    Capsules 🤮
    #FreeTheGold

  • @FollowThoth
    @FollowThoth 4 місяці тому +1

    Sell under the 10 and then go sell at another place.

  • @celticknot5678
    @celticknot5678 Рік тому +1

    #1 Stack boring low premium for weight.

  • @josephmaphis3550
    @josephmaphis3550 2 місяці тому

    ❤🎉

  • @expatgringo7538
    @expatgringo7538 Рік тому +1

    WATCH THIS ON UA-cam , A Biblical Perspective On Silver - What You're Not Being Told

  • @RealityTrailers
    @RealityTrailers Рік тому +1

    Thanks!