If there’s one thing Coin Guy said that made me happy it was: “I cut my hours back; it makes my Wife happy.” Excellent sentiment. It takes a team effort, it takes COOPERATION and it takes unity. A man and his wife. A neighborhood (at a safe distance). A Nation. Take care everyone; take care of each other and take care of Liberty.
This videos were something I didn’t plan on until I thought that people at home could use the info and encouragement. We’ll get through this along with you guys/gals my UK brother.
When I think of the real American people. I always imagine sitting on a porch in the evening sat in rocking chair, with a good friend . Watching the sunset whilst chatting with a glass of some sipping liquor and a cold glass. Now the coin guy is such an American you would enjoy such a evening with.
Even though the spot price was down, I didn't buy any silver. It seems like a lot of dealers on line were adding a premium to make up for the loss. That isn't fair to the customer. I am happy to hold on to my collection and may buy sometime soon. I am looking forward to hear what the Coin Guy has to say now that silver is rebounding a little.
Silver is not really worth whatever super low spot price was being reported. It is really worth what people are buying it for. The regular investor won't sell it for that low either hence the low supply as well.
@@vincentvictory7204 Heard a miner the other day saying it cost more to get it out of the ground than the low spot price a week ago, so they halted mining. Why bring it up if you are going to lose? I suspect they will social distance for now and when the price gets up to 25-30 the mine will go back to production. Why not wait until the miners get enough instead of the big dealer premiums taking all of the profit? The wealth will need to balance out for things to normalize. Some for the miner, some for the mints, and some for the dealers And all of it must add up to what the traffic will bear.
When silver and gold drop fast like it did the only way dealers or sellers can protect themselves is by up the premiums. Even raising the premiums sometimes we are selling at what we are in them for. It's like when gas prices went up awhile ago food cost increase. The consumer is the the one that always burden the cost.
@@jakeaurod The prob;em with that is that it would be impossible for Wall St. to scam the markets. They knew when they changed the rules that they could slide a ton off the top without it being obvious. The real solution is to go back to the OLD rules by the SEC that governed hedging and shorts and reinstate them, but the ones doing the rip off are the ones with the power to get rules written. Why would they stop the money machine they have invented unless they are forced to?
I've been around a few years and I've rarely seen a fellow with a personality like The Coin Guy has , I've watched quite a few of your videos and enjoy your content . I also just realized that I wasn't subscribed and so I am now , wishing you the best of health . Lloyd.
Thanks for another great video. The coin guy is a great resource for the pulse of the present. You also ask great questions. He has great prices. I would definitely spend my money there. His gold is reasonable.
No way this was randomly in my recommend and I used to go to him when I lived in Spring Hill for about two years. He was fair and I always got extra coins for free when I went there and you can tell he’s a northerner like me by the accent 👌
Could you ask him if he can not melt the foreign silver because I buy foreign silver and when I move to Florida I will stop by his shop and buy foreign silver
Great video! I’m staying patient and holding off for a little bit on silver. I placed a online order when silver started to fall but haven’t ordered anything online since.
I see an Australian 1966 50c round coin on that tray. They wouldn’t be worth more than melt as over 160 million of them were made, and they were changed to the now famous “50c coin shape” that any Australian will recognise. They are 60% silver IIRC. I’ve got 2 of them. Absolutely beautiful coins in MS64+
SpegTacular, Another great video with Coin Guy! I want to add a little to the conversation you had with Mr. Guy regarding the "paper contracts" controlling the spot price. The "paper contracts" are specifically Silver Futures, (SI) and Gold Futures (GC) which are administered by the CME Group, Chicago Mercantile Exchange. One silver future is worth 5000 ozt and is a deliverable contract of minimum 999 fineness. One gold future is worth 100 ozt and is a deliverable contract of minimum 995 fineness. There is a weekly report, Commitment of Traders (COT), that is published on Fridays for the previous Tuesdays long and short market positions. The current COT report is dated March 17 and shows a total of 134,120 silver futures contracts in short positions vs. 121,441 silver futures in long positions. That works out to about 53% of silver futures are short the market. The week before when silver really started dropping the positioning was about 70% short. Now bear in mind that approx. 250,000 silver futures are controlling 1,250,000,000 ozt of silver. The current COT report for gold futures reveals about 51% short positioning with a total of 902,309 contracts controlling 90,230,900 ozt of gold. The prior weeks report for gold showed about 75% short positioning. Now remember these contracts are not settled in dollars. They are deliverable contracts for physical commodities if held to expiration, and thus they play the major role in physical spot pricing. However, most contracts are not held through expiration, which happens to be tomorrow for March contracts, therefore physical delivery does not actually take place on the vast majority of them. Opening up another can of worms would be beginning the discussion regarding the sheer volume in troy ounces of precious metals that are being slung around by futures traders without ever actually taking delivery of a physical product. Thus the precious metals price manipulation argument ensues... The COT report is worth a weekly look as it is a good harbinger of near term pricing action; however, keep in mind that reports are a week behind in reporting positions, so they are not indicative of actual current positioning. I know it's a little deep, but the more knowledge one can obtain about the subject of precious metals never hurts. FYI, I can't remember the last time I saw silver and gold futures positioning as even as it is. For years it has been largely short positioning. For what's it's worth, I think this supports Mr. Guy's hunch that prices are headed north and not coming back to these levels. Stay healthy and best regards everyone!
Thanks for the video! Man the Coin Guy is awesome I wish I was down there, his melt try is the type of stuff I like! Speg you should have cleaned up on that stuff
How do you come to these numbers? 40:1 silver to gold ratio? Are you nuts? I would love to see that. But you're pulling the silver value out of your ass.
You guys are awesome love guy is very knowledgeable almost makes you feel safe no he does. I love when you bring this content to us thanks a lot Jessie
I was watching a video earlier from another “UA-camr” which I found interesting. He showed an article where the Turkish Government was going to work on a new project with the banks to push private individuals to hold their gold savings in banks after the economy emerges from the coronavirus outbreak. The article was called “ 100 Tons of gold hidden in mattresses to save turkey’s economy". Doesn't that sound like History repeating it’s self like back in the day of FDR ??? @t to listen to the Coin Guy. (P.S.S) Posted this comment on the wrong channel earlier. Sorry!
I'm binge watching on Victoria day, here in Canada 😉. Usually my husband is on his fishing trip with my brother in law and a couple of friends. The women would be doing lots of day trips. Not this year 🙁. Oh well, I've got you guys 😁.
I've read that platinum prices took a dive after the Volkswagen diesel emissions scandal caused diesel cars to fall out of favor with the public. Platinum is used in diesel catalytic converters, while gasoline catalytic converters use palladium. That means there's an oversupply of platinum, the result being that palladium prices have soared while platinum has sunk.
OMG didn't realize I hadn't subbed yet... I've watched several videos by now so I finally did. I really enjoy these videos and Coin Guy is way cool. Once this virus issue subsides, I'd love to drive over to his shop and buy some coins and meet him in person!
I love it when someone says something will never happen again, like the fellow that predicted we'd NEVER see gas prices below $2 again. It's happened at least 3 times since that prophetic remark!
I miss my coin shop owner. He's retired now. He used to sell me foreign silver as spot. I filled a large bag of nothing but foreign before he retired. I wish I could find a dealer like that again.
nice interview. i didnt rush out to get metals. i just hope my stack will be sufficient i might sell if gold goes to 2000+ thanks guys be safe, that was really fun!
My local coin dealer in Pleasant Hill has cut hours and is not buying gold or silver & is making loans and extending 30 days on payments due& taking interest payments on line via text for the first time. Pleasant Hill Gold & Jewelry is now closing at 4 pm instead of 6.
I love the side arm. How about a "coin guy" Bullet proof vest? Oh, I am also happy to help you with AU/AG if you need it to sell your clients. It wont be cheap and you can forget the "Paper Spot" price. It will be old school. Your world: What you pay me plus your mark up. I
seeing the 10 DM 1972 Olympics coin in there really hurt. I know the coin isn't an expensive collectors item due to 20m of them having been minted but the history associated with the specific Olympics should at least keep people from melting it down. Furthermore coins and notes from the FRG can still be exchanged into Euros and at current silver prices the face value of the coin is still 5-10% above the melt value
I love these coin shop videos
The coin guy is so cool . wise man
As an Australian I saw the florin and the 1966 round 50 next to it and was cringing😬
loved the reaction to his gift
If there’s one thing Coin Guy said that made me happy it was:
“I cut my hours back; it makes my Wife happy.”
Excellent sentiment.
It takes a team effort, it takes COOPERATION and it takes unity.
A man and his wife.
A neighborhood (at a safe distance).
A Nation.
Take care everyone; take care of each other and take care of Liberty.
Coin Guy looked a little stressed out at beginning, but the 🧻 put him at ease. Good job SpegTacular. Thanks
This guy is a gem to the community. Thanks for finding him Spegtacular!
I cant wait to here from the coin guy hes my fav!
Love the interviews with Mr. Guy! He is an asset to your channel and your community! Stay safe
more coin guy please - he is awesome
This guy talks the most sense I've heard for a long time. A great character.
Wish I lived in FL so I could shop in his store and talk to him!
Locked down in the UK with a cup of coffee watching the coin guy 😎👍
This videos were something I didn’t plan on until I thought that people at home could use the info and encouragement. We’ll get through this along with you guys/gals my UK brother.
👍 Another UK silver bug
The coin guy is great, wish I lived close by to visit his shop.
i love this guy i could listen to him for hours.He should be a adviser to the president.
Coin guy we love you, we love your stories, i could listen to you all day, your awesome 👍
Love these videos! Such a knowledgeable man and loves to share it!
Love this channel, and love the Coin Guy. Everyone stay safe out there!
Love these videos. Thank you both.
Certainly a major disconnect between spot price and physical silver. They should start two spot prices. Thumbs up.
Great video, the coin guy has a great attitude on life. It is always nice to hear wisdom of someone that has dealt in the business for years.
God bless Guy, they don't make em like him anymore
When I think of the real American people. I always imagine sitting on a porch in the evening sat in rocking chair, with a good friend . Watching the sunset whilst chatting with a glass of some sipping liquor and a cold glass. Now the coin guy is such an American you would enjoy such a evening with.
The Coin guy seems like someone you could sit down and talk to for hours in comfort and go away with a smile on your face.
Huge respect for the open carry.
He seems like a really nice and Honest guy
Even though the spot price was down, I didn't buy any silver. It seems like a lot of dealers on line were adding a premium to make up for the loss. That isn't fair to the customer. I am happy to hold on to my collection and may buy sometime soon. I am looking forward to hear what the Coin Guy has to say now that silver is rebounding a little.
Silver is not really worth whatever super low spot price was being reported. It is really worth what people are buying it for. The regular investor won't sell it for that low either hence the low supply as well.
@@vincentvictory7204 Heard a miner the other day saying it cost more to get it out of the ground than the low spot price a week ago, so they halted mining. Why bring it up if you are going to lose? I suspect they will social distance for now and when the price gets up to 25-30 the mine will go back to production. Why not wait until the miners get enough instead of the big dealer premiums taking all of the profit? The wealth will need to balance out for things to normalize. Some for the miner, some for the mints, and some for the dealers And all of it must add up to what the traffic will bear.
When silver and gold drop fast like it did the only way dealers or sellers can protect themselves is by up the premiums. Even raising the premiums sometimes we are selling at what we are in them for. It's like when gas prices went up awhile ago food cost increase. The consumer is the the one that always burden the cost.
I'm new to all this, but it makes me wonder if they should have 2 spot prices: one for physical silver and one for paper silver.
@@jakeaurod The prob;em with that is that it would be impossible for Wall St. to scam the markets. They knew when they changed the rules that they could slide a ton off the top without it being obvious. The real solution is to go back to the OLD rules by the SEC that governed hedging and shorts and reinstate them, but the ones doing the rip off are the ones with the power to get rules written. Why would they stop the money machine they have invented unless they are forced to?
Guy packing a gun. Don't mess with him!
That coin shop guy is so nice 👍
Love this dude
i dont know ehy i love seeing this guy with a holster on it makes me feel like im watchinga cowboy selling silver
I've been around a few years and I've rarely seen a fellow with a personality like The Coin Guy has , I've watched quite a few of your videos and enjoy your content . I also just realized that I wasn't subscribed and so I am now , wishing you the best of health . Lloyd.
Thanks for another great video. The coin guy is a great resource for the pulse of the present. You also ask great questions. He has great prices. I would definitely spend my money there. His gold is reasonable.
No way this was randomly in my recommend and I used to go to him when I lived in Spring Hill for about two years. He was fair and I always got extra coins for free when I went there and you can tell he’s a northerner like me by the accent 👌
Love the Coin Guy...He's like everyones Favorite Uncle!!! Great interview!!!👏👏👏👍😊
Started silver stacking in ‘19. Love hearing his wisdom, by far my favorite series Metal UA-camrs post. Rewatched all at least twice.
They’re all in a convenient playlist on my channel so you can watch them all at once :)
Zero platinum is used in electric vehicles hence the crash in platinum.
Good info...
Love Guy, can't wait till this washes out and I can get up there once normalcy returns to the world. *FS 😮💨
Thanks speg! Another awesome video!
Love this coin man! Tells it like it is and has a great sense of humor!
Nice opening sound byte.
Perfect.
WINNER!!!
Love the Coin Guy...
Love these videos with the coin guy. Thanks Speg. Great video. Great content.
Could you ask him if he can not melt the foreign silver because I buy foreign silver and when I move to Florida I will stop by his shop and buy foreign silver
Nice chat, always got a ear out.
I love this guy
Just what I needed to see, stay safe speg and mr coin guy!
Spectacular knows what we want..... Another coin guy video... He is such a great guy.
Thumbs Up for "America First"
Great video! I’m staying patient and holding off for a little bit on silver. I placed a online order when silver started to fall but haven’t ordered anything online since.
I love the coin guy videos thanks.
I see an Australian 1966 50c round coin on that tray. They wouldn’t be worth more than melt as over 160 million of them were made, and they were changed to the now famous “50c coin shape” that any Australian will recognise. They are 60% silver IIRC.
I’ve got 2 of them. Absolutely beautiful coins in MS64+
SpegTacular,
Another great video with Coin Guy!
I want to add a little to the conversation you had with Mr. Guy regarding the "paper contracts" controlling the spot price. The "paper contracts" are specifically Silver Futures, (SI) and Gold Futures (GC) which are administered by the CME Group, Chicago Mercantile Exchange. One silver future is worth 5000 ozt and is a deliverable contract of minimum 999 fineness. One gold future is worth 100 ozt and is a deliverable contract of minimum 995 fineness. There is a weekly report, Commitment of Traders (COT), that is published on Fridays for the previous Tuesdays long and short market positions. The current COT report is dated March 17 and shows a total of 134,120 silver futures contracts in short positions vs. 121,441 silver futures in long positions. That works out to about 53% of silver futures are short the market. The week before when silver really started dropping the positioning was about 70% short. Now bear in mind that approx. 250,000 silver futures are controlling 1,250,000,000 ozt of silver. The current COT report for gold futures reveals about 51% short positioning with a total of 902,309 contracts controlling 90,230,900 ozt of gold. The prior weeks report for gold showed about 75% short positioning. Now remember these contracts are not settled in dollars. They are deliverable contracts for physical commodities if held to expiration, and thus they play the major role in physical spot pricing. However, most contracts are not held through expiration, which happens to be tomorrow for March contracts, therefore physical delivery does not actually take place on the vast majority of them.
Opening up another can of worms would be beginning the discussion regarding the sheer volume in troy ounces of precious metals that are being slung around by futures traders without ever actually taking delivery of a physical product. Thus the precious metals price manipulation argument ensues...
The COT report is worth a weekly look as it is a good harbinger of near term pricing action; however, keep in mind that reports are a week behind in reporting positions, so they are not indicative of actual current positioning. I know it's a little deep, but the more knowledge one can obtain about the subject of precious metals never hurts.
FYI, I can't remember the last time I saw silver and gold futures positioning as even as it is. For years it has been largely short positioning. For what's it's worth, I think this supports Mr. Guy's hunch that prices are headed north and not coming back to these levels.
Stay healthy and best regards everyone!
Thank you for that information!!!
Great information thanks for sharing
Thanks for the video! Man the Coin Guy is awesome I wish I was down there, his melt try is the type of stuff I like! Speg you should have cleaned up on that stuff
You know I did.
@@Spegtacular Good man! Want to sell any or trade? Lol
@@antfrey302 I take credit cards, checks, etc and I ship. lol
@@coinguy8107 aww man! Do you have a website?
@@antfrey302 in process call nathanat coin guy
when gold reaches $2,000 silver will follow in at $50+
It would be obscene if it didnt
I sure hope you’re right
How do you come to these numbers? 40:1 silver to gold ratio? Are you nuts? I would love to see that. But you're pulling the silver value out of your ass.
Silver will take off if gold is over 2k.
Thank you - I hope you both stay healthy and your families :)
Have just re-watched all of the Coin Guy videos for the fifth or sixth time, at least! Love it, thanks so much guys
Gold is nice and shiny but you can live without it
Money is green and dirty but can't live without it😎
I like this Guy !
Great interview!
OMG man this was great!!! Much needed, level headed and amazing. Thank you!
Good information and I enjoyed your twisted senseof humor with the gift to your Dealer there LOL
You guys are awesome love guy is very knowledgeable almost makes you feel safe no he does. I love when you bring this content to us thanks a lot Jessie
I'd love to getmy hands on some of that foreign for my collection. 😊👍
I really enjoy these interviews
Love the coin guy. Always look forward to watching videos with him..
I was watching a video earlier from another “UA-camr” which I found interesting. He showed an article where the Turkish Government was going to work on a new project with the banks to push private individuals to hold their gold savings in banks after the economy emerges from the coronavirus outbreak. The article was called “ 100 Tons of gold hidden in mattresses to save turkey’s economy". Doesn't that sound like History repeating it’s self like back in the day of FDR ??? @t to listen to the Coin Guy. (P.S.S) Posted this comment on the wrong channel earlier. Sorry!
Speg and Coin Guy Podcast. That would be amazing.
I'm binge watching on Victoria day, here in Canada 😉. Usually my husband is on his fishing trip with my brother in law and a couple of friends. The women would be doing lots of day trips. Not this year 🙁. Oh well, I've got you guys 😁.
Rickards is probably part of the racket. The controllers tell us what they are going to do.
this guy is cool, always love seeing him in your videos
I've read that platinum prices took a dive after the Volkswagen diesel emissions scandal caused diesel cars to fall out of favor with the public. Platinum is used in diesel catalytic converters, while gasoline catalytic converters use palladium. That means there's an oversupply of platinum, the result being that palladium prices have soared while platinum has sunk.
Thx Speg, always love the Coin Guy videos
OMG didn't realize I hadn't subbed yet... I've watched several videos by now so I finally did. I really enjoy these videos and Coin Guy is way cool. Once this virus issue subsides, I'd love to drive over to his shop and buy some coins and meet him in person!
Absolutely brilliant!
''Someone screwed up a republican a democrat or who ever!''
''America First''
I love 'The Coin Guy'
I love it when someone says something will never happen again, like the fellow that predicted we'd NEVER see gas prices below $2 again. It's happened at least 3 times since that prophetic remark!
Thank You Guy....love to see Bi-monthly interviews w/ Speg....Stay Safe !
He looks like Archie Bunker. Like if you agree.
👍⚪👍 great interview
seen the TP a mile away .. I really enjoy this channel
The Coin Guy!! Glad he's doing good. Keep up the good work and good luck and stack on
New tec requires Rodium and palladium . It’s call cold fusion.
I miss my coin shop owner. He's retired now. He used to sell me foreign silver as spot. I filled a large bag of nothing but foreign before he retired. I wish I could find a dealer like that again.
nice interview. i didnt rush out to get metals. i just hope my stack will be sufficient i might sell if gold goes to 2000+ thanks guys be safe, that was really fun!
My local coin dealer in Pleasant Hill has cut hours and is not buying gold or silver & is making loans and extending 30 days on payments due& taking interest payments on line via text for the first time. Pleasant Hill Gold & Jewelry is now closing at 4 pm instead of 6.
So you sell that stuff for what paper
Very fun video yet very sobering
Never the less here we are
Nice interview. He’s one of those very approachable coin shop guys. Personable. That 600# safe is my exact safe (one of them) and it’s a nice one!
Local coin dealer today wanted $25+ per ounce. Two weeks ago it was 20.
Jim Rickards rules! Also paper trades 100+ to 1 underlying physical oz
I love this guy. He’s like that cool informational uncle I wish I had. Good stuff. Thanks for sharing Speg. Everyone be safe.
I really enjoy your video's with Mr. Guy Thank YOU !
Ohhh yeah! I’m ready for some coin guy...
Coin Guy ROCKS !!
I love the side arm. How about a "coin guy" Bullet proof vest? Oh, I am also happy to help you with AU/AG if you need it to sell your clients. It wont be cheap and you can forget the "Paper Spot" price. It will be old school. Your world: What you pay me plus your mark up. I
That gift is hilarious!
I like Mr. Guy. He is the reason I subscribe to your channel.
Always love coin guy!!
seeing the 10 DM 1972 Olympics coin in there really hurt. I know the coin isn't an expensive collectors item due to 20m of them having been minted but the history associated with the specific Olympics should at least keep people from melting it down. Furthermore coins and notes from the FRG can still be exchanged into Euros and at current silver prices the face value of the coin is still 5-10% above the melt value
Thanks
I love this GUY gave me some great advice. Keep interviews coming.