@@davec2020 not financial advice but if I was to get my first 30 oz all over again i would get 20 one troy ounce generic silver rounds (that's one tube) and then 10 US silver eagle 1 troy ounce coins (if I lived in the U.S.... Maple Leafs if I lived in Canada... Britannias if I lived in the UK ... Etc) do you have to pay tax on bullion where you live? Also make sure to buy from a REPUTABLE dealer, especially when first starting out.
Premiums $5-$10 on a $30 round probably part of it ,and double food prices people are broke.Add in coin shops paying $2 under spot so it’s not good unless your just holding for years,…
Premiums on Eagles are around $4 for any amount online. Rounds in small quantities are selling for $1.69 to $2.00 over spot which is fair. For me its just speculation, Silver is probably going back down below $28 soon and gold $2600. If that happens I think demand will pick up. I have an itch that needs scratched but I think waiting and stacking powder for a price drop will pay off but who knows?
Silver is definitely hard to make money on as a retail buyer unless you manage a hell of a deal. The best ive gotten on silver is a 9 dollar ounce Brittania.
@@PHUCKyoutube689 I’m hoping for the same to buy more. In the meantime, eyeing platinum. If platinum goes towards 950 and gold and silver maintain then platinum it is.
@@edb3877 They closed my account for something I supposedly posted on instagram, I never even used istagram. Anyway, they saved me an hour or so per day by kicking me off.
My local LCS has tons of silver. He says folks have given up on it and just cashing out. Some have been in for years and have decided that it’s going nowhere.
It's like buying silver and gold expecting them to go up but they go down instead. Well it's the exact opposite of that. Perfect time for it to get revalued.
@@PremierCoinsandBullionMexico gold has super low premiums. I bought a 5 peso piece at 350 flat last week from liberty coin, and its melt value is 334 today about 330 when I bought it. 3 3/4 grams gold.
Interesting how the price of silver is still holding firm above $30 spot while the stackers sentiment is so hopeless. $30 spot price must be the new support level. This indicates that spot price will go up from the current levels.
@ nominal that’s the value of 50 dollars in 1980. I guess math doesn’t compute with you. It means your silver is worth 9 dollars an ounce compared to 1980. It means it’s not performing in any way. Yiur better off buying gold for 3k
Past week I sold 16.4 grams of 14k at a lcs literally walked out with 540 Im still disgusted. 4 grams scrap watch case and 12.4 grams were a 24” new gold curb chain. I’ve since bought a roll of privvy 2024s and 2 10oz poured englehard bars though so hopefully it all evens out. I highly recommend holding currently but Feb 1st silver from Mexico and Canada will have a 25% tax so this is not welcome news to the US stackers unless someone else can offer some postivoty
True, but ... Business wouldn't be able to business if it were not that way. If you hold long term the small cut they take is irrelevant. I don't have much at all , but the +45% in 2024 made any cut they took of me when I purchased irrelevant. That's just in under 10 years. Imagine 40+ years :)
I use metals to 'solidify' my capital. Currencies tend to be more 'liquid' and can be more suseptible to 'evaporate' away due to inflation. Tools are always a great investment as they can remain useful and sustain that usefulness for as long as you take care of them.
Many people were planning on using silver as barter in case of hard times. Fakes have changed that. Now they are beginning to worry that accessing value from their stacks might not be as easy as they once thought.
@@dynomiteslim4590 I bought a sigma years ago because I knew I would have to prove my own authenticity. I bought the pro version that has a rechargeable battery. Can verify on the fly
Since 2019 Silver has nearly doubled... it's still worth more today in trade for goods and services than it was when we went off the Gold and Silver standard decades ago.
Some stocks at the market did well more than silver in 2024. Russel 1000 stock code (RUI) alone in 2024 did alright. A brokerage account is a good investing account to open from your bank. Diversify and branching your money is not a bad idea, sometimes precious metal does not hit all the time.
@chobiden7770 just like you're choosing the ATH to make yours? Look at Silver before its 2012 run up then... we can ALL cherry pick but the fact remains that it is STILL worth the same or more in goods and services than it was in the 60s. It's supposed to be a hedge against inflation right? Well it's done a good job...
I buy silver more for the beauty and the mint art over the investment aspect. I love taking it out of my closet and looking at it every few weeks. Maybe in 10-15 years ill sell it off and buy a new refrigerator or something.
One reason stackers are not buying silver is because gold is currently a better growth investment, given the past 18 months of spot prices. Look at the charts. Silver is static, while gold has skyrocketed -- and the divergence between them started when the silver price failed to follow the rise of gold.
@@ItsEverythingElseyeah but people have been saying this for years. People are tired of waiting. And if that means they lose out, then that's what happens. But a tight economy makes people more skeptical
I really like golds long term chart as well compared to silver. There's something about the size of a silver stack you can attain in a short amount of time at least compared to gold..
When I look at my disposable income, I still find Silver is the best investment for me. I can buy so much of it versus the price of Gold that limits the amount of purchases. It’s all about volume.
With a 3-4 year silver deficit, how can any sane person think silver demand is declining? Silver at $30 is very inexpensive compared to where the silver price is heading by 2026-30. I expect $100-$200 in that time frame.
In the past month, I have acquired 70 Oz of silver, and sold none. Also a little gold. Still expecting a poor economic situation in 1st quarter due to world events.
Good show, Seeker. I have a cigar humidor with a window on top that allows you to see everything inside and I stopped smoking about 6 years ago, so I repurposed it. I intentionally bought fake silver, fake gold and even Hollywood movie replica dollar bills and put them in the humidor, which I renamed to "The Fun Box". 😉Everything in The Fun Box looks real and you can't really tell unless you take the box and inspect the contents. It serves as a decoy, in the event of a break-in, but folks I live with love to take it out and play with the fakes and pretend they're rich. It's literally a Fun Box. 😅
In real terms the wages hasn't gone up since before 2008. In real terms the stock market hasn't gone up since before 2008 vs gold. Unemployment has been lied about since before 2008. Government spending and health care is over 50 percent of gdp. Wage gap since the c19 has exploded. 58 percent of people don't have 1000 dollars in extra cash to afford an emergency. It takes 110000 to afford the average us home but the average income is under 70000. Credit card debt is spike. This is also included in gdp. Inflation is up 35 percent since 2020 and wages are up less then 7 percent. Banks are under water 600 billion compared to 2008 at 50 billion. Commercial real-estate is crashing. Car loans are crashing student loans are crashing. Thr house market is crashing. This is how I can say we're in a depression and it will get much worse. The government will never admit to it so most will deny it. The numbers I've given are very much like the great depression numbers. People are asleep to how bad this economy is.
When DJT says that the USA is an empire in decline, he is heavily downplaying the actual state of affairs. You are putting the state of affairs more accurately I think.
If you have extra time on your hands start thinking about being a reseller that shops the yard sells, thrift stores and flea markets to turn a dollar on. This is how I support my PMs collection.
Buy rolls of Kennedy half's If you find silver keep it spend the rest. I loved spending the Kennedy half's always seemed to have lot of great conversations with the cashers. Many said they were going to keep them!
It's the sorry economy finally reaching the point where it's affecting demand for ALL expensive things. Food, lodging, and other basic needs are not being met completely.
New stacker here. Idc I’m stacking till 55 I’m 25 now. Real holders don’t care about today’s market… well unless they are old. In that case they are also up a ton. Don’t let anything scare you if you’re a long time holder. We will always make out well in the end.
People who value Silver in Dollars are crazy. Paper can not be compared with Rare material that has limited amounts and that has been a money since dawn of time.
Same here, I’m being more selective in my choices of PMs to purchase. Now the biggest influence on the value of the dollar is the dollar index (DXY) and it is the Euro that I believe is giving us a false sense of security.
Legend has it that the guy who called you a liar is still sitting at a bar sipping a Jack Daniel’s non-stop fuming under his breath, cause HE knows more than you.😂😂😂😂
I’m fairly new to collecting (mainly silver) and I’m always paying a little higher premium because I’ll only buy from the big online dealers because I’m afraid I’ll end up getting fakes. I don’t trust many people 😂.
@@liquidkards I started out the same and went with silver granules for lowest premium(I have a propane forge to pour my own bars) but can't afford bigger purchases to get the free shipping so I travel about 45 minutes to a reputable local coin shop for smaller purchases
The decline is just that, people buying from dealers. The demand for silver worldwide has outweighed the supply by 500 million ounces over the past 4 years, regardless of how many individuals are selling silver. These dealers can sell their silver to the comex at market price anytime they want.
Look, if everyone is selling and the price is steady, that is one indicator of a bottom/consolidation. It's what the price action is after that is important.
my stacking has went up, so I don't understand how folks are saying there is less demand, in fact I have increased my stacking because I am worried about taxes that might be place on maple coins from Canada.
In Ireland and the uk, there is vat (Government tax) on top of premium etc on silver. Gold has no tax. I like both. There might be a rush to purchase ahead of Feb 1 or some could offload silver into gold before gold jumps to stratospheric levels. I don't trust digital currencies.
5:17 These are silver rounds. 5:47 How much work that takes. 9:57 lately they are. 11:38, will like to hear, 11:45 If you love everything it mean nothing.
Silver is "still cold" after digging it out from the ground and driving 2 hours. It was probably in his trunk. Silver would not hold temperature for that long.
I happened to watch a video a few months ago on how some Chinese buyers bought gold in their land. Some scammers have perfected a gold alloy blend that weighs and looks like gold. Even when checked under expensive purity scanning machines like the sigma metal verifier, it passes as actual pure gold when the actual content of gold is like half the amount. The only way to verify is to cut the coin to expose the metal blend inside… something most people and dealers aren’t willing to do for fear of lowering the value of the coin if it’s a real one
I saw that video too, and tried to bring it to the attention of a few stacker youtube creators, but no one picked up on it. "He that hath ears to hear, let him hear."
Small-potatoes purchasers are moving into Bitcoin hoping for a repeat of some mid-2010s-magnitude gains, and more affluent purchasers are sticking with gold due to the more predictable uptrend in nominal value. Silver is getting lost in the shuffle.
Demand is down for sure. In my case I stop stocking sometime last year after I needed to cash out some of my silver and it didn’t go good at all. Honestly I have some silver left in my Stacy but I don’t know if I’m gonna keep buying due to my experience selling. I definitely think we need to keep some metals around but I’m not willing to die on the hill of precious metals as some in the precious metal community preach about
I only buy online from others with silver coin community auctions. I'm still buying the same as of the last yr. It's still a hedge against inflation, I've sold some , I've also replaced some. My 2 LCS here in NY say they still have plenty of buyers as. Oppose to sellers. Each area of country is different. No shortage here
My local coin shop owner told me that coins minted 100 years ago weren’t great at following the weight. He said technology got better by about the 1970’s.
I would say even more important than knowing and trusting who you're buying from is knowing as much as possible about what you're buying. You need to familiarize yourself with what the genuine item looks like, feels like, weighs, proper dimensions, etc. Learn the magnet test. Learn how real silver reacts to a strong neodymium magnet. You don't have to acid test everything, but you can if you choose to, excluding numismatics of course. I've been stacking since 2008. Early on I watched all the YT videos I could find about silver stacking. Ever since I began I tested everything larger than a silver dime, and even tested a lot of those. I once caught a piece of plated sterling a LCS sold me because he didn't scratch it deep enough. I used my magnets on it and immediately knew it wasn't silver. I am confident the metals in my safe are legit. I feel for those who have gotten shafted, though.
I have more than 10 Indochinese/French silver coins that I thought they were real. I kept them for more than 20 years. I recently took them to my LCS and found out that they are all fakes.
If silver prices go down my happiness goes up! Besides, I have been able to fgrt 1 ounce silver at as low as 9 dollars and ounce. After that fluke I can get it for spot quite reliably via certain channels! Just put out a video this morning about which round i got for 9 dollars 😊
If someone trys to sell fake coins to my LCS, they keep them. If you protest, they will call the police. I made my last visit when I saw this happen. I wonder what they do with them?
Those Perth Mint gold bars are easy to spot. On the back, the repeating kangaroos logo bleeds into the border on the fakes. The genuine bars have the kangaroo cut off sharp and precise when the pattern hits the border. Zoom in on the bars @ 8:53 and you can see the sloppy roo stamp
Lol. I bought some Ali xpress Fake silver because I want some to put on my desk so i can play with it, That way i'm not handling the real stuff lol. I also wanted to learn what a fake looked like so i can educate myself. I'll never try to sell them! That's insane
I’ve bought fakes to use in Western art collages. I don’t want to destroy real Morgan’s with epoxy, and a thief wouldn’t get diddly if they stole one of these.
It’s a buyer’s market, means most people are broke and selling Besides the mega bullion outlets, It’s not hard to pick out the legit dealers online; They have a constant stream of regular random stuff with actual item pics, and tons of regular inventory, clearly invested in doing things right If a random listing interests you, go into their store and scrutinize their inventory, if it’s all stock photos of gadgets and ladies’ shoes, run away Zoom in and look at the wear, wire brushed and artificial tone? Don’t buy high end nusmatics, buy nice regular specimens
Yeah people should know learn how to buy, know cheap and easy ways to test their stack, and how to discern what’s too good to be true But maybe that’s a tall order, unfortunately lots of people are overly trusting, don’t want to learn , or are just kinda dumb
You should be able to get a great silver solution machine for about 150. Silver is known to kill every bad thing like bacteria etc. known to man. Get one that spins the water.
At this time there is nothing exciting about stacking silver. The action is felt with other assests. When the silver switch gets turned on silver inventory will disappear quickly, especially because the big businesses dependant on silver will scoop it up. Shortages on a corporate level are obvious.
Gold is near an ATH again. Silver inches up a little, then the price goes right back down. It's like holding an under-performing asset, sometimes you just need to cut your losses. That's where I am with silver right now. I'm not completely giving up, not completely liquidating my stack, I'll always hold some with sort of a prepper mindset, but I'm not adding any until I see some upside to it.
That's a small part of it... the big buyers also not buying right now and many selling. The guy in this video that Josh talked about selling over 809 ounces... he wasn't doing it cause he's broke. Definitely no need for your last 3 letters here.
No doubt.. there are ways to buy without having to really worry about this! If you are worried about this please feel free to connect with me about it!
Wow? What is going on? More people stack that have less economic advantage. So, when you are a stacker and you loose your job or money is very tight, you may have to sell just to keep your head above water.
As someone with no friends or family who hides a lot of metals, I consider it a future inheritance to a random construction worker someday.
Same here I guess I am stacking for whoever finds me rotting on the floor someday.
@daniel51404 when the cops show up and they find it, it will go straight to thw government. Have a plan
So ah hey guys, where's home at.... 😂😂
It's cold out, it's just past Christmas, and also starting tax time, and the job market isn't doing so hot.
@@beegee200 Not in my pay range. Welcome to reality.
I'm waiting for the Trump discount mine baby mine
@@beegee200 are you messing with this person or do you really think the reported numbers represent realistic and applicable data?
Looking to buy 20-30 oz of silver . Would u buy coins or bars? Also what kind and coins? Any information would be greatly appreciated. Thank you
@@davec2020 not financial advice but if I was to get my first 30 oz all over again i would get 20 one troy ounce generic silver rounds (that's one tube) and then 10 US silver eagle 1 troy ounce coins (if I lived in the U.S.... Maple Leafs if I lived in Canada... Britannias if I lived in the UK ... Etc) do you have to pay tax on bullion where you live? Also make sure to buy from a REPUTABLE dealer, especially when first starting out.
Premiums $5-$10 on a $30 round probably part of it ,and double food prices people are broke.Add in coin shops paying $2 under spot so it’s not good unless your just holding for years,…
One shouldn't buy Silver unless one intends to hold for decades.
That's a good assessment of the situation 👍🪙💰
Premiums on Eagles are around $4 for any amount online. Rounds in small quantities are selling for $1.69 to $2.00 over spot which is fair. For me its just speculation, Silver is probably going back down below $28 soon and gold $2600. If that happens I think demand will pick up. I have an itch that needs scratched but I think waiting and stacking powder for a price drop will pay off but who knows?
Silver is definitely hard to make money on as a retail buyer unless you manage a hell of a deal. The best ive gotten on silver is a 9 dollar ounce Brittania.
@@PHUCKyoutube689 I’m hoping for the same to buy more. In the meantime, eyeing platinum. If platinum goes towards 950 and gold and silver maintain then platinum it is.
The bid vs ask in physical silver is so high demand is fatally dying. No matter how close to spot I buy, I lose at least 5-10% selling.
5-10 is considered lucky. I lose at least 20% out the door. I just treat silver as collectables, hurts less
Silver is a long game.. you gotta hold to make some money.
THIS @@bensherman8976
Then don't sell it..Baffled as to why you would. This is long term value. History has proven this
@@theposhhead6308 ''HOLD THE LINE.AGREE
Tons of fake silver on Facebook. They should have spent their fact checkers time on their advertisers instead of the users.
Yet another reason why I never got on FacePlant. 😕
@@edb3877 They closed my account for something I supposedly posted on instagram, I never even used istagram. Anyway, they saved me an hour or so per day by kicking me off.
Well then they'd lose all that money 😅
@@Travelbythought a little homework and research does wonders.
@@sailfly2869 I just stick to buying from the well known major online sellers. I don't want to spend my time researching an ebay seller.
My local LCS has tons of silver. He says folks have given up on it and just cashing out. Some have been in for years and have decided that it’s going nowhere.
This means it's about to fly! Good news.
It's like buying silver and gold expecting them to go up but they go down instead. Well it's the exact opposite of that. Perfect time for it to get revalued.
Yup when sentiment is this low, time to buy and or hold
Then there's a massive year this 2024.. I like golds long term chart so much better but it's hard to get in without paying the premiums on fractional.
@@PremierCoinsandBullionMexico gold has super low premiums. I bought a 5 peso piece at 350 flat last week from liberty coin, and its melt value is 334 today about 330 when I bought it. 3 3/4 grams gold.
65 % live paycheck to paycheck no one has money to invest, most are selling to be able to live😊
Agreed. Those that are selling are having trouble making car payments.
yeah thanks to 4 years of Bidenomics....everyone is broke
It’s hard to pay $40 for an Eagle
wut? no it's not - it's undervalued at least up to $150 IMHO O-o
@vaikjsf34a when silver becomes tradable as a currency, eagles and generic rounds will be the same value
Interesting how the price of silver is still holding firm above $30 spot while the stackers sentiment is so hopeless. $30 spot price must be the new support level. This indicates that spot price will go up from the current levels.
@@radmirov8541 non-sophisticated investors get bored if an asset has languished vs their expectations
Agree
Silver should be 280 an ounce. It’s declined in comparison to inflation. It’s a fool’s metal.
@@MarioLuigi-vb3rp where did you get that $280 figure from lol we can still mine it for $25/ozt
@ nominal that’s the value of 50 dollars in 1980. I guess math doesn’t compute with you. It means your silver is worth 9 dollars an ounce compared to 1980. It means it’s not performing in any way. Yiur better off buying gold for 3k
Thanks for the interview, guys! It's good to know what's going on in different places
The buyer loses on both ends, they buy at over spot and sell at under spot. I buy silver coins as a hobby , not an investment.
Past week I sold 16.4 grams of 14k at a lcs literally walked out with 540 Im still disgusted. 4 grams scrap watch case and 12.4 grams were a 24” new gold curb chain. I’ve since bought a roll of privvy 2024s and 2 10oz poured englehard bars though so hopefully it all evens out. I highly recommend holding currently but Feb 1st silver from Mexico and Canada will have a 25% tax so this is not welcome news to the US stackers unless someone else can offer some postivoty
True, but ... Business wouldn't be able to business if it were not that way. If you hold long term the small cut they take is irrelevant. I don't have much at all , but the +45% in 2024 made any cut they took of me when I purchased irrelevant. That's just in under 10 years. Imagine 40+ years :)
@@vaikjsf34a yes, I agree short term is not for Silver . I collect for the hobby
I use metals to 'solidify' my capital. Currencies tend to be more 'liquid' and can be more suseptible to 'evaporate' away due to inflation. Tools are always a great investment as they can remain useful and sustain that usefulness for as long as you take care of them.
Many people were planning on using silver as barter in case of hard times. Fakes have changed that. Now they are beginning to worry that accessing value from their stacks might not be as easy as they once thought.
That is a very good point!
@@dynomiteslim4590 I bought a sigma years ago because I knew I would have to prove my own authenticity. I bought the pro version that has a rechargeable battery. Can verify on the fly
I would say one of the biggest problems is inflation keeps rising drastically and the price of silver just sits there and does nothing
Since 2019 Silver has nearly doubled... it's still worth more today in trade for goods and services than it was when we went off the Gold and Silver standard decades ago.
@@SilverSeeker yeah but since 2012 it's dropped $3/oz. that's great that you chose the lowest price in the past decade and a half to make your point.
Some stocks at the market did well more than silver in 2024. Russel 1000 stock code (RUI) alone in 2024 did alright. A brokerage account is a good investing account to open from your bank. Diversify and branching your money is not a bad idea, sometimes precious metal does not hit all the time.
@chobiden7770 just like you're choosing the ATH to make yours? Look at Silver before its 2012 run up then... we can ALL cherry pick but the fact remains that it is STILL worth the same or more in goods and services than it was in the 60s. It's supposed to be a hedge against inflation right? Well it's done a good job...
@chobiden7770 it's actually up 5 an oz since July 2012
I buy silver more for the beauty and the mint art over the investment aspect. I love taking it out of my closet and looking at it every few weeks. Maybe in 10-15 years ill sell it off and buy a new refrigerator or something.
One reason stackers are not buying silver is because gold is currently a better growth investment, given the past 18 months of spot prices. Look at the charts. Silver is static, while gold has skyrocketed -- and the divergence between them started when the silver price failed to follow the rise of gold.
The more the prices diverge the more silver has room to run eventually.
@@ItsEverythingElseyeah but people have been saying this for years. People are tired of waiting. And if that means they lose out, then that's what happens. But a tight economy makes people more skeptical
I really like golds long term chart as well compared to silver. There's something about the size of a silver stack you can attain in a short amount of time at least compared to gold..
When I look at my disposable income, I still find Silver is the best investment for me. I can buy so much of it versus the price of Gold that limits the amount of purchases. It’s all about volume.
@sailfly2869 definitely!
With a 3-4 year silver deficit, how can any sane person think silver demand is declining? Silver at $30 is very inexpensive compared to where the silver price is heading by 2026-30. I expect $100-$200 in that time frame.
so do I
In the past month, I have acquired 70 Oz of silver, and sold none. Also a little gold. Still expecting a poor economic situation in 1st quarter due to world events.
I'VE BOUGHT FOR 10 YEARS. I'M STOPPING.
How much gold and silver do you have? What types did you stack? I’m starting and have 60oz of silver eagles and 3oz of gold eagles
@@Nick-TM Enough to last 2 years. All constitutional silver. No gold.
I haven’t started seeing it yet.
older stackers are starting to kick the bucket
I’m not dead!
I'm not dead too!
Got to teach your kids and grand kids about financial markets, they will hold it and pass it down. That's is my goal.
Good show, Seeker. I have a cigar humidor with a window on top that allows you to see everything inside and I stopped smoking about 6 years ago, so I repurposed it. I intentionally bought fake silver, fake gold and even Hollywood movie replica dollar bills and put them in the humidor, which I renamed to "The Fun Box". 😉Everything in The Fun Box looks real and you can't really tell unless you take the box and inspect the contents. It serves as a decoy, in the event of a break-in, but folks I live with love to take it out and play with the fakes and pretend they're rich. It's literally a Fun Box. 😅
Looking poor and having a multitude of Ks stashed away is the key to precious Metals stacking.
Yep ...that's the way to go. 😊
💯 %
@@tonybeef1142 Yep, stealth mode.
Why not be like me where I both look poor and have nothing stashed so I actually am poor 😂😂😂
Very well spoken, bravo sir!
We're in a major depression and lots of people are broke
How do you figure that? The economy is weak...a recession not a depression.
In real terms the wages hasn't gone up since before 2008. In real terms the stock market hasn't gone up since before 2008 vs gold. Unemployment has been lied about since before 2008. Government spending and health care is over 50 percent of gdp. Wage gap since the c19 has exploded. 58 percent of people don't have 1000 dollars in extra cash to afford an emergency. It takes 110000 to afford the average us home but the average income is under 70000. Credit card debt is spike. This is also included in gdp. Inflation is up 35 percent since 2020 and wages are up less then 7 percent. Banks are under water 600 billion compared to 2008 at 50 billion. Commercial real-estate is crashing. Car loans are crashing student loans are crashing. Thr house market is crashing. This is how I can say we're in a depression and it will get much worse. The government will never admit to it so most will deny it. The numbers I've given are very much like the great depression numbers. People are asleep to how bad this economy is.
When DJT says that the USA is an empire in decline, he is heavily downplaying the actual state of affairs. You are putting the state of affairs more accurately I think.
They're going to reveal how bad everything is when Trump is in office. They've been lying about how bad things are for quite a while now.
No free cash flow! I would be buying like crazy but groceries take up all my extra cash.
By design
If you have extra time on your hands start thinking about being a reseller that shops the yard sells, thrift stores and flea markets to turn a dollar on. This is how I support my PMs collection.
Buying like crazy but a measly grocery bill is holding you back 😂 must not be a lot of extra cash either way so you wouldn’t be buying like crazy
Buy rolls of Kennedy half's If you find silver keep it spend the rest. I loved spending the Kennedy half's always seemed to have lot of great conversations with the cashers. Many said they were going to keep them!
@@abrahamgomez1166 I think he meant buying while crazy vs like crazy
It's the sorry economy finally reaching the point where it's affecting demand for ALL expensive things. Food, lodging, and other basic needs are not being met completely.
New stacker here. Idc I’m stacking till 55 I’m 25 now. Real holders don’t care about today’s market… well unless they are old. In that case they are also up a ton. Don’t let anything scare you if you’re a long time holder. We will always make out well in the end.
Great video! Really enjoyed the coin shop stories.
People who value Silver in Dollars are crazy. Paper can not be compared with Rare material that has limited amounts and that has been a money since dawn of time.
Thanks for sharing good information
I'm buying less ttill I see what happens with the dollar, it doesn't look good. glad I stacked as much silver as I could over the years.
Same here, I’m being more selective in my choices of PMs to purchase. Now the biggest influence on the value of the dollar is the dollar index (DXY) and it is the Euro that I believe is giving us a false sense of security.
The Swiss Franc /Dollar Index is better@@sailfly2869
Legend has it that the guy who called you a liar is still sitting at a bar sipping a Jack Daniel’s non-stop fuming under his breath, cause HE knows more than you.😂😂😂😂
Or just yelling to no one on several social media platforms at once 😂😂
Yes it’s true, silver is more valuable than Gold in fact I just realized that I am already a millionaire
I’m fairly new to collecting (mainly silver) and I’m always paying a little higher premium because I’ll only buy from the big online dealers because I’m afraid I’ll end up getting fakes. I don’t trust many people 😂.
@@liquidkards I started out the same and went with silver granules for lowest premium(I have a propane forge to pour my own bars) but can't afford bigger purchases to get the free shipping so I travel about 45 minutes to a reputable local coin shop for smaller purchases
And they should have lower premiums and they dont.
I get that! I'd love to connect with you and get you some resources where you can find bullion without playing really high premiums!
@@liquidkards liberty coin. You are welcome 🙏
I have been selling and buying and on eBay since 2000 and I am seeing allot of fakes on eBay lately!!!
I was at my lcs, and they had a lot of inventory. They were selling some gold bars at spot, and I got a 1/2 oz gold eagle for $50.00 over spot
Nice
The shop near me had eagle 1 oz gold 65$ over spot I was happy to see that
Great deal!🎉
I’ve been selling 1oz gold eagles at spot
@JLWendt0704 💥💥💥💥💥💥
Nice video.
Thank you for posting.
Perhaps the first counterfeit coin was minted approximately 15 minutes after the first genuine coin ever minted.
The decline is just that, people buying from dealers. The demand for silver worldwide has outweighed the supply by 500 million ounces over the past 4 years, regardless of how many individuals are selling silver. These dealers can sell their silver to the comex at market price anytime they want.
It's too bad individuals can't sell directly to Comex.
Look, if everyone is selling and the price is steady, that is one indicator of a bottom/consolidation. It's what the price action is after that is important.
Everything is expensive. People just don’t HAVE money to buy right now, especially after the Christmas expenses.
New to stacking silver whats a good amount 100oz? 200oz? or is a monter box enough?
Great video seeker!
This is a great video
People don’t have any money right now. Waiting till things level out.
Here in Europe it's because of the 21% VAT on new bullion coins, as of january 1st
Silver is slow
When I started in 2011 spot was 17$ so it's 30$ now it's going up
My grandpa said he bought 6$ silver
I had a guy trade me silver in exchange for product at the farmers market last summer. I'm prepared to do it again this summer.
Yet another reason to buy and hold junk roosevelt dimes.
awesome info. Keep it up fellas Cherrs tony
Yes Crypto, you're spot on!
Now talk about the two US silver refiners Metalor and Asahi are backlogged for months due to high volume.
Industrial demand
Now do industrial and Government(s) stockpiles.
it's because silver for decades.Has not done anything price appreciation wise in regard to making money
You are a cool dude so thanks for posting this!
my stacking has went up, so I don't understand how folks are saying there is less demand, in fact I have increased my stacking because I am worried about taxes that might be place on maple coins from Canada.
I agree, got my kids ( 9 & 14 ) buying now too.
In Ireland and the uk, there is vat (Government tax) on top of premium etc on silver. Gold has no tax. I like both. There might be a rush to purchase ahead of Feb 1 or some could offload silver into gold before gold jumps to stratospheric levels. I don't trust digital currencies.
can you maybe buy the gold then swap it for silver?
The way I gauge my local market is whether or not my lcs guy is texting me telling me has deals. He hadnt in quite a while, but 2 days ago, he texted.
5:17 These are silver rounds. 5:47 How much work that takes. 9:57 lately they are. 11:38, will like to hear, 11:45 If you love everything it mean nothing.
Silver is "still cold" after digging it out from the ground and driving 2 hours. It was probably in his trunk. Silver would not hold temperature for that long.
Makes no sense my LCS can’t keep anything in stock and he buys bulk from estate sales multiple times a week people are buying like there no tomorrow
I happened to watch a video a few months ago on how some Chinese buyers bought gold in their land. Some scammers have perfected a gold alloy blend that weighs and looks like gold. Even when checked under expensive purity scanning machines like the sigma metal verifier, it passes as actual pure gold when the actual content of gold is like half the amount. The only way to verify is to cut the coin to expose the metal blend inside… something most people and dealers aren’t willing to do for fear of lowering the value of the coin if it’s a real one
Sounds like it’s tungsten in the middle with a thicker than average layer of gold on the outside
I saw that video too, and tried to bring it to the attention of a few stacker youtube creators, but no one picked up on it. "He that hath ears to hear, let him hear."
the Chinese use bolt cutters to cut their bars open to check they're real. Lots of them find out they're not.
@@Hugo.345 Can you link that video, please?
Just picked up some plata ❤
Theyre going to crypto....quicket to sell, hold, store
I ordered a monster box of silver from Gainesville coins on 12/1, they still have not shipped out the monster box.
I refuse to buy online for this and other reasons. I want to see the person in front of me or I'm not buying.
Très bonne vidéo, merci du partage 👍
Small-potatoes purchasers are moving into Bitcoin hoping for a repeat of some mid-2010s-magnitude gains, and more affluent purchasers are sticking with gold due to the more predictable uptrend in nominal value. Silver is getting lost in the shuffle.
Good point.
Bitcoin will well out perform pms in the next 10-20 yeaes
@@blobtv7444 Then go comment on a Bitcoin channel and stop trolling. Thanks.
Demand is down for sure. In my case I stop stocking sometime last year after I needed to cash out some of my silver and it didn’t go good at all. Honestly I have some silver left in my Stacy but I don’t know if I’m gonna keep buying due to my experience selling. I definitely think we need to keep some metals around but I’m not willing to die on the hill of precious metals as some in the precious metal community preach about
Could it be that PMs are to high?
Wow! Look at this $19.99 Morgan shipped from China! What a deal!
I only buy online from others with silver coin community auctions. I'm still buying the same as of the last yr. It's still a hedge against inflation, I've sold some , I've also replaced some. My 2 LCS here in NY say they still have plenty of buyers as. Oppose to sellers. Each area of country is different. No shortage here
Most dealers are overwhelmed flooded with silver people are dumping and have been for months
My local coin shop owner told me that coins minted 100 years ago weren’t great at following the weight. He said technology got better by about the 1970’s.
I would say even more important than knowing and trusting who you're buying from is knowing as much as possible about what you're buying. You need to familiarize yourself with what the genuine item looks like, feels like, weighs, proper dimensions, etc. Learn the magnet test. Learn how real silver reacts to a strong neodymium magnet. You don't have to acid test everything, but you can if you choose to, excluding numismatics of course. I've been stacking since 2008. Early on I watched all the YT videos I could find about silver stacking. Ever since I began I tested everything larger than a silver dime, and even tested a lot of those. I once caught a piece of plated sterling a LCS sold me because he didn't scratch it deep enough. I used my magnets on it and immediately knew it wasn't silver. I am confident the metals in my safe are legit. I feel for those who have gotten shafted, though.
Saw a replica 1875 Canadian quarter in worn condition on eBay yesterday for $8. Seller in China. Was surprised anyone was faking something like that.
I have more than 10 Indochinese/French silver coins that I thought they were real. I kept them for more than 20 years. I recently took them to my LCS and found out that they are all fakes.
Fakers been faking for many and many a year.
I don't buy more than 5 Oz / time if it's Chinese silver coin. Too worried about fakes. I buy mostly silver maples 😋
@vaikjsf34a i bought all of my silver from my bank.
If silver prices go down my happiness goes up! Besides, I have been able to fgrt 1 ounce silver at as low as 9 dollars and ounce. After that fluke I can get it for spot quite reliably via certain channels! Just put out a video this morning about which round i got for 9 dollars 😊
Tell your friend with the dog and gold we said Hello!
If someone trys to sell fake coins to my LCS, they keep them. If you protest, they will call the police. I made my last visit when I saw this happen. I wonder what they do with them?
Those Perth Mint gold bars are easy to spot. On the back, the repeating kangaroos logo bleeds into the border on the fakes. The genuine bars have the kangaroo cut off sharp and precise when the pattern hits the border. Zoom in on the bars @ 8:53 and you can see the sloppy roo stamp
Love the video Seeker. This guy is great everytime he is on.
What about Costco?
Nobody has money to spend
Lol. I bought some Ali xpress Fake silver because I want some to put on my desk so i can play with it, That way i'm not handling the real stuff lol. I also wanted to learn what a fake looked like so i can educate myself. I'll never try to sell them! That's insane
I’ve bought fakes to use in Western art collages. I don’t want to destroy real Morgan’s with epoxy, and a thief wouldn’t get diddly if they stole one of these.
Good thing is the fakes are so good no one will even notice their fakes so your pieces will look great 😅😅
Thats a great idea, solve theft, make it cost less to produce, and it still looks great :)
@vaikjsf34a exactly lol
Good time to get at spot deals esp on gold
I've been selling gold for Crypto. Loading up on Ethereum Classic.
😂
Yikes
Thank you for your selfless effort to fight fakes , it keeps all of us safe 🙏
Is anyone going to comment you guys are rocking the same hairstyle? SS just needs a trim
Bro has been stressing about these fake coins he ain't got time for a trim 😂😂😂
😅😅😅
I bought mine with plans to hold it long term. Give it 2 years and see what happens.
I Have seen it locally here as well in VA and NC
Enjoyed the video; very informative.
It’s a buyer’s market, means most people are broke and selling
Besides the mega bullion outlets,
It’s not hard to pick out the legit dealers online;
They have a constant stream of regular random stuff with actual item pics, and tons of regular inventory, clearly invested in doing things right
If a random listing interests you, go into their store and scrutinize their inventory, if it’s all stock photos of gadgets and ladies’ shoes, run away
Zoom in and look at the wear, wire brushed and artificial tone?
Don’t buy high end nusmatics, buy nice regular specimens
Yeah people should know learn how to buy, know cheap and easy ways to test their stack, and how to discern what’s too good to be true
But maybe that’s a tall order, unfortunately lots of people are overly trusting, don’t want to learn , or are just kinda dumb
Sheeeeit those are the best people to buy from because they don't really know the value of what they have.
Fees are to high
I sold my silver for gold. Its not doing so well. Once it starts showing improvements, my coin shop is 10 min away
Silver has anti-microbial properties which is of interest to me. Usually use scratched silver in my water containers.
@@PaEMT_FF9 I thought of doing this but mine is all BU grade. Looks too pretty to stick in water 😕
You should be able to get a great silver solution machine for about 150. Silver is known to kill every bad thing like bacteria etc. known to man. Get one that spins the water.
Silver is relatively flat and manipulated and bulky so people want to do something else with their money, unless you intend on keeping it long haul
That's pretty much the point. I'm using it for my retirement.
At this time there is nothing exciting about stacking silver. The action is felt with other assests. When the silver switch gets turned on silver inventory will disappear quickly, especially because the big businesses dependant on silver will scoop it up. Shortages on a corporate level are obvious.
Wait until the paper silver market collapses.
Silver will go up exponentially
I feel like in a recession / depression, the industrial demand dropping even 10% would drop the price severely.
Gold is near an ATH again. Silver inches up a little, then the price goes right back down. It's like holding an under-performing asset, sometimes you just need to cut your losses. That's where I am with silver right now. I'm not completely giving up, not completely liquidating my stack, I'll always hold some with sort of a prepper mindset, but I'm not adding any until I see some upside to it.
Could it be people are just broke ? WTF
That's a small part of it... the big buyers also not buying right now and many selling. The guy in this video that Josh talked about selling over 809 ounces... he wasn't doing it cause he's broke.
Definitely no need for your last 3 letters here.
@SilverSeeker those letters also could stand for
Where's The Funds!
-Pierre Polivere😅
Selling out to meet increased cost of living.
The fakes out there make it very discouraging !
No doubt.. there are ways to buy without having to really worry about this! If you are worried about this please feel free to connect with me about it!
Well, estimates for unmined silver are put at 530,000 metric tons. It’s a lot if you can mine it.
There may be more sitting in our landfills.
When silver skyrockets, people will mine the old landfills
@ at that level per ton we might as well lasso an asteroid.
Wow? What is going on? More people stack that have less economic advantage. So, when you are a stacker and you loose your job or money is very tight, you may have to sell just to keep your head above water.