if i can buy the same silver bars and i need the money i will sell, which really is kind of bad with the silver spot so low, on the other side of the coin, if its a collector type silver round or bar i try and save these, My lcs don't pay any premium over spot anymore
My Coin Dealer is retiring soon & he is holding on to Gold for his retirement. Guarantee You this Both Coin Dealer will thing Twice when they get Close to retirement. I am not coin dealer anything with Pre-33 Gold or Shipwreck Treasure Gold is worth keeping for your retirement, plus it has Twice is Value. This carry a premium because of their rarity & condition & demand. That’s why I am buying vintage silver to keep for generation & leave it for my retirement & leave it also to my children future. Paper money is still good to have to pay your bills & things you need but Precious Metals is your Saving Account & You Could always trade or Sale when you need IT basically you are in Control of your Precious Metals!!!🥇🥈🥇
While I love pre 33 and its by far my favorite gold, I have to agree that if I had a million, I would do the bars as well. My rational is that the gold bars would hold its same price anywhere in the world if you were to sell it. Im not convinced if I was to sell pre 33 gold in Eastern, Mid Eastern, African or Asian countries that dealers there would pay anywhere near spot for American coins
I take coins over bars because they are easier to authenticate without expensive equipment. If they (gold) are the right size, weight, design details, and ping, and come from someone with a better history than an average joe, chances are overwhelming they are genuine. How do I possibly authenticate a gold bar within it's assay card without a sigma or other xray thing? And also knowing that sigmas and xray machines can too be fooled by fakes. Plus some locales have favorable tax laws for coins that isn't there for generic bars.
This is one of my ALL TIME FAVORITE VIDEOS of PMs on UA-cam. You always see other UA-camrs pushing metals and never talking about the downside, or the resale. But Matt gives us the wholesaler perspective which can directly affect us even when selling back to a retailer. This video is full of hard truths and no BS. Really appreciate this little podcast and the talks you guys have. Thanks a lot. But I would probably do the 32 Saint Gaudens. As a stacker, it would be a little easier to sell for me, AND mainly I could just sell a couple of if I need it vs the whole bar. The fraction-ability is what wins the argument for me.
I look at fractional as the best for liquidity if the price went to the moon. Andrew is dealing with wealthy individuals who can support large volumes. This might be an issue one day, but I’m just a poor stacker. 😂 Great Discussion and Stormy is definitely more of a collector. 😊😅
Stormy has the mentality of people like me that used to collect baseball cards,Andrew has the mentality of people that printed baseball cards in the late 80s.
Pre-33 vs Kilo...your disagreement is perfect example of difference between wholesale and retail. Andrew has the connections to sell kilo gold bars all day long...don't think Matt would ever be able to sell a kilo gold bar on his auctions. DIFFERENT audience you are selling to...so you are both right.
I like watching this Two Coin Dealer you take good & bad, plus good Info to learn & experience buying Precious Metals. They got mentality of business man they need to make money or loose money!!!🤑🤑🤑
Andrew is correct. If I were to aquire gold at a mil I would definitely trade on Au kilo bars. It's much easier to sell the kilo then pre 33. When you buy a gold bar it is an investment on gold. The pre 33 is has premiums stacked on premiums they are nice but they are below melt. He definitely has a point on moving metals quickly do not hold sell sell sell. Stormy has a point too he sells to the general public which make sense on how he moves.
Thanks again gentlemen. I think the more experience I gain the more I will agree with Andrew. If I had a million dollars to spend on gold it would mean I was a lot wiser and saviour which would make me look for a quicker and easier way to do things. Therefore I agree with Andrew and would buy bars. 🍻
It's not a horrible idea you can always bring it back later. With a new person or Majors if he gets it all figured out. I have still heard a lot worse from other actors.
🤣😂😂🤣🤣🤣😂🤣🤣How did this comment get on this page??¿🤣😂🤣🤣 You inspired me to buy my 1st piece of silver last week! Now I 6 Oz. Once I hit 10 I'll get my 1st piece of platinum!
Im with Andrew when it comes to large money purchase, easy to buy and easy to sell, I do stack as well my other gold coins easy again to stack and on the move fast if needed, Big bars are off site and would take time to get.
❤. It is like fishing. One is a champion sport fisherman and the other is a professional commercial fisherman ❤. Both techniques work for each specific goal.
I think it would be easier to liquidate 1oz coins than a1kg bar. In NZ you'd take a big hit selling a kg bar back to dealers and almost impossible to find someone to sell privately.
39:13 1oz gold over 10oz or more gold any day! ... You have paper work when its over a certain amount. Matt, you might be talking to close to the mic. the sound from your mic is annoying. ... Andrew's is good. I felt like saying something on previous video's but let it go because the content is so good.
It all depends on whether we are talking about stable times, or when the SHTF. In the latter case I would rather have fractional pieces but in stable times it doesn't really matter. assuming we are reasonably well off.
You have to make more than $30 gross on the sale of a $2K coin to making it worth your time and effort. You tie up $2K, have to advertise it, package, ship it, receive payment, etc.
So when Alice Walton bought 500,000 Silver Eagles a year or two ago, she was wrong? She should have bought 1000 oz bars? No. She wanted fractionality in the form of a sovereign coin for future economic decline. If the dollar is dead - or at least in transition - then you need something to pay people to do things for you (if you're rich). Same issue with the Pre-33 vs a kilo bar. Rich people who want to prepare for hard times and might need fractionality, absolutely need something that they can trade with for goods and services. Let's not forget about the numismatic value of Pre-33 as well.
when you asked in this conversation what's the difference between a company spending money on advertising versus losing money on a low-priced introductory offer, the difference is the customers now expect lower prices, customers are more willing to wait for the sales and the deals and not just buy bullion where it is price-wise on a random day.
Whatever you buy, just be prepared that when you (or your heirs) sell it, odds are good that it’ll sell very close to whatever spot is at that point in time. That’s why my gold is primarily in low-premium 1 oz bars.
If you had to sell them all today right now the only price you would get are wholesale rates. Right now as we speak. Pre33 gold $20 are melt -$35. Gold kilos are melt -$8. Big difference.
@BayshoreBullion well I wouldn't sell them to a wholesaler. My lcs pays around Greysheet and marks it up. Graded coins aren't in the same league as bars. I am a collector. Don't need to sell right now. Finite amount of coins made. Not making any more. Pcgs graded coins. Not cleaned au coins
No wrong answer. Since we filmed this episode premiums on Pre33 gold have actually gone down further. That may change in the future. Graded is a different story. I’d take graded pre33 gold every time.
I love listening to Andrew ,a true business man,would love to talk over a cup of coffee.Stormy is a business man ,but is still stuck collecting ,sentimental value is his weak spot.
I must be missing something. Who's giving away pre-33 at spot? I don't know anyone selling non-problem pre-33 for little or no premiums. So we should be finding mint state double eagles at or near spot?
Let me elaborate a bit and say, if the argument is regarding average circulated, common pre-33...then I can go along with what Andrew is saying for very large purchases. For small purchases, and for problem-free pre-33...I'd go with that all day long, especially for low premiums.
Retail you can ask anything you want for Pre33 gold coins. In this conversation we are discussing dealer rates. Since we filmed this premiums have gone down more on Pre33 gold. AU $20 Lib and St. Are melt minus $35 right now. Lower than the buyback prices on kilo bars.
He said he put the pre-33 on the website. How the heck do we find out about it when they are listed??? Post a freaking video or something. I will buy them!!!
@@BayshoreBullion I just started following you on Instagram & YT. When you add new stuff to website like pre33 Saints make a short video & post it. That's the only way folks I will know.
Great video. I have never heard his point of view and it makes sense to me. Gold is gold vs premium sells faster. Awesome job guys and keep these vids coming.
If it ever hits the fan. Hopefully it won't and not everyone is able to hold on to metals as long as they want when they have unexpected expenses. I personally buy the cheapest per ounce and may spend 50 cents more per ounce for a maple etc over a round if the price is righr
Hybrid stacker/dealer sounds like a bad idea. Like the good book says you can not serve 2 masters. You will love one and despise the other. Just keeping it real. ✌🏻❤️🇺🇸🥈🙏🏻🇮🇱
That doesn’t make sense. I believe in metals as and like to have a decent stack. Therefore, I buy and sell metals as a means to grow my stack. People say metals are true money. The purpose of being in business is to make more money- I just like my money in the form of metals.
Pre 33 all day long, for both collecting and investing. BTW, horrible debate skills on both....constantly interupting and talking over each other. Why not try to listen for a change, and then respond
Andrew is a fantastic listener. Probably why he's such a good salesman. He probably wouldn't be a good poker player though, his face kind of shows exactly what he thinks. The cool thing is that you are both correct. I'd buy the bullion if I just wanted to make quick money, and I'd buy the coins if I didn't care about the hassle to make slightly more money. I think Andrew's strategy mitigates market volatility and lost opportunity cost. Always impressed by you guys.
Gold all day!! I just finished my gold buffaloe tube.
Congrats! Awesome accomplishment.
The best gold to buy is the gold you can get under 2k including premium.
if i can buy the same silver
bars and i need the money
i will sell,
which really is kind of bad
with the silver spot so low,
on the other side of the coin,
if its a collector type silver round
or bar i try and save these,
My lcs don't pay any premium
over spot anymore
What I'm going to remember is Stormy has Crystal Balls 😮😊😅😂🎉🎉🎉
My Coin Dealer is retiring soon & he is holding on to Gold for his retirement. Guarantee You this Both Coin Dealer will thing Twice when they get Close to retirement. I am not coin dealer anything with Pre-33 Gold or Shipwreck Treasure Gold is worth keeping for your retirement, plus it has Twice is Value. This carry a premium because of their rarity & condition & demand. That’s why I am buying vintage silver to keep for generation & leave it for my retirement & leave it also to my children future. Paper money is still good to have to pay your bills & things you need but Precious Metals is your Saving Account & You Could always trade or Sale when you need IT basically you are in Control of your Precious Metals!!!🥇🥈🥇
Good afternoon Stormy, we wear hat's the same way. Kewl.
Very cool!
If you are also a teacher and have additional income then I can't see why you can't have a personal stack
Nothing wrong with a personal stack. I just like my inventory to make money for me. Everything is for sale.
I do. 👍🏻
While I love pre 33 and its by far my favorite gold, I have to agree that if I had a million, I would do the bars as well. My rational is that the gold bars would hold its same price anywhere in the world if you were to sell it. Im not convinced if I was to sell pre 33 gold in Eastern, Mid Eastern, African or Asian countries that dealers there would pay anywhere near spot for American coins
The fractionality alone makes the pre 33 more valuable.
I take coins over bars because they are easier to authenticate without expensive equipment. If they (gold) are the right size, weight, design details, and ping, and come from someone with a better history than an average joe, chances are overwhelming they are genuine. How do I possibly authenticate a gold bar within it's assay card without a sigma or other xray thing? And also knowing that sigmas and xray machines can too be fooled by fakes. Plus some locales have favorable tax laws for coins that isn't there for generic bars.
Lord Have Mercy! 😂. Thanks for the video guys. Life is good.....👍
Always appreciate you BigDaddy Hoff!
This is one of my ALL TIME FAVORITE VIDEOS of PMs on UA-cam. You always see other UA-camrs pushing metals and never talking about the downside, or the resale. But Matt gives us the wholesaler perspective which can directly affect us even when selling back to a retailer. This video is full of hard truths and no BS.
Really appreciate this little podcast and the talks you guys have. Thanks a lot.
But I would probably do the 32 Saint Gaudens. As a stacker, it would be a little easier to sell for me, AND mainly I could just sell a couple of if I need it vs the whole bar. The fraction-ability is what wins the argument for me.
Thanks so much!! If you email me (through my website) I’d like to mail you some swag!
Sorry Andrew. I'd be taking the St. Gaudens. And a vacation...
Lol good choice.
I look at fractional as the best for liquidity if the price went to the moon. Andrew is dealing with wealthy individuals who can support large volumes. This might be an issue one day, but I’m just a poor stacker. 😂 Great Discussion and Stormy is definitely more of a collector. 😊😅
Stormy has the mentality of people like me that used to collect baseball cards,Andrew has the mentality of people that printed baseball cards in the late 80s.
Lol. Well said
Pre-33 vs Kilo...your disagreement is perfect example of difference between wholesale and retail. Andrew has the connections to sell kilo gold bars all day long...don't think Matt would ever be able to sell a kilo gold bar on his auctions. DIFFERENT audience you are selling to...so you are both right.
I like watching this Two Coin Dealer you take good & bad, plus good Info to learn & experience buying Precious Metals. They got mentality of business man they need to make money or loose money!!!🤑🤑🤑
There really is no big argument there, both have a point, it really depends on how you plan to sell.
I'd take the pre 33 BECAUSE I'm poor lol 10 dollar ones the Indian head eagle
Pre 33 all day long say if the price went down the history of the coins would have more value.
Theeee BEST gold silver ...meat & potatoes interview of the market that I've seen in awhile!
Thanks for watching.
Our new Sino-Latino Overlords won't give a crap about Pre '33 gold. That's why I'm putting my green into pesos and pandas!
Andrew is correct. If I were to aquire gold at a mil I would definitely trade on Au kilo bars. It's much easier to sell the kilo then pre 33. When you buy a gold bar it is an investment on gold. The pre 33 is has premiums stacked on premiums they are nice but they are below melt. He definitely has a point on moving metals quickly do not hold sell sell sell. Stormy has a point too he sells to the general public which make sense on how he moves.
At the start of the video I never thought I'd agree with Matt. But pre 33 vs bar. He's right for people slinging 7 figures.
Thanks again gentlemen. I think the more experience I gain the more I will agree with Andrew. If I had a million dollars to spend on gold it would mean I was a lot wiser and saviour which would make me look for a quicker and easier way to do things. Therefore I agree with Andrew and would buy bars. 🍻
Pffft! 😒
Gold Is Gold is Gold EXCEPT for when some will pay a premium for a Collectable Gold!!!
St Gaudins all day long
It's not a horrible idea you can always bring it back later. With a new person or Majors if he gets it all figured out. I have still heard a lot worse from other actors.
🤣😂😂🤣🤣🤣😂🤣🤣How did this comment get on this page??¿🤣😂🤣🤣 You inspired me to buy my 1st piece of silver last week! Now I 6 Oz. Once I hit 10 I'll get my 1st piece of platinum!
It all depends what price you buy and what price u sell
Im with Andrew when it comes to large money purchase, easy to buy and easy to sell, I do stack as well my other gold coins easy again to stack and on the move fast if needed, Big bars are off site and would take time to get.
I'll take the coin over the bar
Mix it up. A bit up high premium stuff and majority of bars
❤. It is like fishing. One is a champion sport fisherman and the other is a professional commercial fisherman ❤. Both techniques work for each specific goal.
I think it would be easier to liquidate 1oz coins than a1kg bar. In NZ you'd take a big hit selling a kg bar back to dealers and almost impossible to find someone to sell privately.
39:13 1oz gold over 10oz or more gold any day! ... You have paper work when its over a certain amount. Matt, you might be talking to close to the mic. the sound from your mic is annoying. ... Andrew's is good. I felt like saying something on previous video's but let it go because the content is so good.
I like the new guy.
It all depends on whether we are talking about stable times, or when the SHTF. In the latter case I would rather have fractional pieces but in stable times it doesn't really matter. assuming we are reasonably well off.
This is so good ... your making a great pod cast ... it is nice to hear from people in the business
I appreciate that!
Thanks for watching.
Buying gold and Silver at closest to spot or below is best. Thanks for the informative show!
Thanks for watching!
I look forward to you 2 every week. lol.
I see both sides.
Nice work Boys!
Thanks for watching.
Because it's all hypothetical.... I'll take the bar just on the principle that I can call Andrew and move it in one phone call.
But you can move the coins in one phone call, too. Lol.
@@EmpirePreciousMetals true, and if I wanted to play with it all and Scrooge McDuck it, I'd have to take the coins!
Great video! Gave viewers simething to think about.
Glad you enjoyed it!
The money changers trading information on their craft.
Sovereign all day.
Like a leprechaun.
I would never touch pre33 gold.
You have to make more than $30 gross on the sale of a $2K coin to making it worth your time and effort. You tie up $2K, have to advertise it, package, ship it, receive payment, etc.
I work on very small margins. Most coins I don’t even make $30 on. More like $15-20. I deal in volume. I sell hundreds of ounces a month.
So when Alice Walton bought 500,000 Silver Eagles a year or two ago, she was wrong? She should have bought 1000 oz bars? No. She wanted fractionality in the form of a sovereign coin for future economic decline. If the dollar is dead - or at least in transition - then you need something to pay people to do things for you (if you're rich). Same issue with the Pre-33 vs a kilo bar. Rich people who want to prepare for hard times and might need fractionality, absolutely need something that they can trade with for goods and services. Let's not forget about the numismatic value of Pre-33 as well.
when you asked in this conversation what's the difference between a company spending money on advertising versus losing money on a low-priced introductory offer, the difference is the customers now expect lower prices, customers are more willing to wait for the sales and the deals and not just buy bullion where it is price-wise on a random day.
Whatever you buy, just be prepared that when you (or your heirs) sell it, odds are good that it’ll sell very close to whatever spot is at that point in time. That’s why my gold is primarily in low-premium 1 oz bars.
100 percent pre 33 gold. Only a certain amount of coins minted. Gold bars are a dime a dozen. Key date pre 33 ms 64 or higher graded
If you had to sell them all today right now the only price you would get are wholesale rates. Right now as we speak. Pre33 gold $20 are melt -$35. Gold kilos are melt -$8. Big difference.
@BayshoreBullion well I wouldn't sell them to a wholesaler. My lcs pays around Greysheet and marks it up. Graded coins aren't in the same league as bars. I am a collector. Don't need to sell right now. Finite amount of coins made. Not making any more. Pcgs graded coins. Not cleaned au coins
Im gonna have to side with stormy on this one, pre33 for me.
No wrong answer. Since we filmed this episode premiums on Pre33 gold have actually gone down further. That may change in the future. Graded is a different story. I’d take graded pre33 gold every time.
Gold Kilo Bars
If I had 1 mil I’d buy all graded pre 33 because if I had that much disposal income I’m buying for fun to collect.
Yeah that kind of money i would only buy graded Pre33 gold. Not raw.
Good talk 💎
Why not both?
This collaboration is awesome! Thanks yall
Our pleasure!
Thanks for watching.
Its nice to be able to see the different perspectives of the different players in the total market.
I work, eat, sleep, shower, stack, and repeat 😁
💪🏻
Pre 33
pre 33
There's no premium on pre 33's? Where?
You buy retail. You always pay highest retail. On the wholesale market pre33 gold is like melt minus $35 right now.
Luv you both but stormy is the man.
❤️
And I thought we were bonding Matt. 😮😮
I love listening to Andrew ,a true business man,would love to talk over a cup of coffee.Stormy is a business man ,but is still stuck collecting ,sentimental value is his weak spot.
No, I’d sell everything for the right price. I don’t get attached to anything.
That's What I'm Talking About. Get-U-Some!@@EmpirePreciousMetals
90% silver at one point had very low premiums. It went up a little over recently
ANDREW HIT THE NAIL ON THE HEAD AT THE END.
I do think some gold bars hold a high premium because of mintage compared to most gold bars
Hey guys! Great vid!
Thanks for watching.
To who? He got you Stormy!
I mean, I could say “to who” for anything lol.
we like the hardcore stuff
Kilo bars gold is gold!!
Great converstation!
32:55 You underestimate the power of the dark side.
I enjoyed the interview
I tend to agree with stormy about not selling the deep stack. A lot of that stuff would be hard to replace.
Matt will now dive into classic numismatics as a result of this episode
😂
👍👍😀👍👍
I must be missing something. Who's giving away pre-33 at spot? I don't know anyone selling non-problem pre-33 for little or no premiums. So we should be finding mint state double eagles at or near spot?
Let me elaborate a bit and say, if the argument is regarding average circulated, common pre-33...then I can go along with what Andrew is saying for very large purchases. For small purchases, and for problem-free pre-33...I'd go with that all day long, especially for low premiums.
Retail you can ask anything you want for Pre33 gold coins. In this conversation we are discussing dealer rates. Since we filmed this premiums have gone down more on Pre33 gold. AU $20 Lib and St. Are melt minus $35 right now. Lower than the buyback prices on kilo bars.
Buy kilos and make collectible grams 😂
I will not part with a single coin! Not one piece of it! - Thorin: The Hobbit
He said he put the pre-33 on the website. How the heck do we find out about it when they are listed??? Post a freaking video or something. I will buy them!!!
You have to check both websites. I am always adding items to mine, empirepreciousmetals.com
These episodes are filmed a few weeks before. I had a Pre33 gold in every denomination on my website for close to melt. Didn’t sell 1.
@@BayshoreBullion I just started following you on Instagram & YT. When you add new stuff to website like pre33 Saints make a short video & post it. That's the only way folks I will know.
Great video. I have never heard his point of view and it makes sense to me. Gold is gold vs premium sells faster. Awesome job guys and keep these vids coming.
Thanks for watching!
When SHTF its the same.
Idk, lol might come down to who's gonna be the one paying you for it.
Interesting ...
I own a gas station. And if the shtf you will get nothing from me with gold and silver and I'm a stacker
If it ever hits the fan. Hopefully it won't and not everyone is able to hold on to metals as long as they want when they have unexpected expenses. I personally buy the cheapest per ounce and may spend 50 cents more per ounce for a maple etc over a round if the price is righr
Hybrid stacker/dealer sounds like a bad idea. Like the good book says you can not serve 2 masters. You will love one and despise the other. Just keeping it real. ✌🏻❤️🇺🇸🥈🙏🏻🇮🇱
That doesn’t make sense. I believe in metals as and like to have a decent stack. Therefore, I buy and sell metals as a means to grow my stack. People say metals are true money. The purpose of being in business is to make more money- I just like my money in the form of metals.
Pre 33 all day long, for both collecting and investing. BTW, horrible debate skills on both....constantly interupting and talking over each other. Why not try to listen for a change, and then respond
It's more fun to talk over people and to be rude. F what other people have to say! Steamroll right over them. This the way.
You guys thought about getting married?
We have and you are invited!
As long as I can sprinkle the runway with gold dust I am in. ❤❤❤❤❤❤❤❤
Andrew is a fantastic listener. Probably why he's such a good salesman. He probably wouldn't be a good poker player though, his face kind of shows exactly what he thinks. The cool thing is that you are both correct. I'd buy the bullion if I just wanted to make quick money, and I'd buy the coins if I didn't care about the hassle to make slightly more money. I think Andrew's strategy mitigates market volatility and lost opportunity cost. Always impressed by you guys.
Audio was perfect! Love this podcast!
Thanks for watching.
Yay, thank you!
I'm with Andrew on this one.
If they ofer you below spot walk just walk away
Great stuff!
Great podcast Matt and Andrew have a great week
Thanks. Have a great week.
I enjoy the debate, you need to have it be a weekly segment. Loves seeing both sides. Point counterpoint
Andrew ain't no dime bag dealer👋
😂