U.S currency is produced by the Bureau of Engraving and Printing and U.S. coins are produced by the U.S. Mint. Both organizations are bureaus of the U.S. Department of the Treasury
Correct. The Fed is a private group of bankers. They create "money" out of thin air, and US taxpayers pay that consortium for the privilege of printing and coining the notes & coins of debt that they created. Our "money" isn't based on anything but faith in our government, and when the Federal Reserve Act was passed in 1913 it removed control of our currency from the Congress. IMHO it's unconstitutional, but I doubt it's going to change unless a collapse actually happens.
Unfortunately if you drive to a coin shop with $10,000 cash (or less) and the Police happen to pull you over , you must have the cash well hidden or they’ll confiscate it , even if you have a bank receipt proving it’s legitimate.
I dont think its as simple as a coin business just following some rules. I think the issue goes much deeper. Bullion is anti banking and anti dollar. Its a bet against the system I think the banks along with the world elites wanting to surpress bullion sales in general.
The Banks are also very aware of the civil forfeiture law, this law allows any law enforcement agency the absolute authority to stop any armored truck or person transporting cash, and seize the cash if they so choose. The law enforcement agencies are allowed to keep all cash seized without filing criminal charges on the transportation company, employees of the company. or individuals. Federal courts have upheld these seizures, and allowed innocent companies and people to loose legally owned cash without recourse for recovery.
Not sure if you checked into it but the coin shops that were shut down did have an AML. They also shut down their whole family's accounts. It's all about cash. You are Not Safe either, if they feel like it, you will be shut down. Good luck with the "it wont happen to me" line.
@don951 maybe they lied when they said they were then, my point is, just because you jumped through the banks hoops doesn't mean everyone else is in the clear. All coin shops will be shut down one by one. And people will still say things like, "well, they probably did something wrong."
Several of the shops that were reporting they were shut down said they were 100% in compliance with all laws state and Federal and yet Brian himself in the last week on his video said it wasnt happening and said if it was true it was only because of noncompliance with the law. I like Brian a lot he has the lowest price SILVER EAGLES in the U.S. and pays the highest price on buys from customers but I think hes just wrong about this and spoke on this on the fly without actually investigating some actual cases. I still respect him as a very fair buyer and seller in this business.
That’s the shop saying they were in compliance. I want to see where the BANK admits they were in full compliance but just canceled a client for no reason. Think about that ;)
@@Spegtacular Since it happened "over the pond" in England you may not have heard about it, but Nigel Farage, a well-known public figure, had his bank account closed "for no reason." He tried to open another account with other banks, and was turned down at all of them. This has caused a huge scandal in the UK, since it's entirely political and has no basis in anything financial. If it happened there, I reckon it could happen here; and after the decades of lies that our government peddles with the help of the mainstream media I doubt pretty much anything that those liars say. Your mileage may vary! (And yes I'm one of those who detests the loathsome "Patriot Act;" it's unconstitutional and unAmerican!)
@@Spegtacular Banks are not legally required to disclose why they cancelled an account. But we absolutely see banks shut down accounts of people who they view as having "problematic" political views -- we see government taking steps to make it unprofitable to service segments they want to go after, some banks have flat-out bans on accounts for companies in the gas & oil business, gun manufacturers, cryptocurrency space. Doesn't matter how perfect you run your operation, if our government wants your industry gone but cannot constitutionally straight up ban them, they will put as much pressure as they can at all aspects of the economy where they can apply pressure - banks, payment processors, internet service providers, social media companies, etc. Let's say an organization promoting "beer-bug" health information that goes against the CDC (which we have thoroughly learned the CDC was straight-up lying in many situations) has their bank accounts banned without reason given, what do you think the answer is? Now we look at coin shops (1) they're not typically run by and patronaged by proud democrat-supporting people, and (2) government is doing everything else they can to ensure all transactions are monitored including moving to a CBDC, you think for one moment our government doesn't have an active vested interest in hurting coin & bullion dealers?
Brian is a touch naive on the bank issue, thankfully he hasn't been shut out, but many of the others who have, were following all the anti-money laundering rules, and some when the banks cancelled the business account, they go and cancel personal accounts, and cancel personal accounts of family members too. The coin and bullion shop nearest me, now rarely does cash sales, demands everything be on debit card, specifically because of the troubles with banks restricting cash deposits and withdrawals.
That's right. Banks are being forced to file more and more SARS(Suspicious Activity Reports) and when enough of these are filed the banks sometimes close the account. And as the regulators add more and more rules on what the banks must report as SARs; the banks file more and more reports and then look to eliminate the businesses causing all these reports.
How do you know "many of the others who have, were following all the anti-money laundering rules"? How do you know that? Because someone on UA-cam told you so? Banks only shut down businesses that don't follow the rules.
Brian is mostly right on much of this but I think he is wrong to assume everyone being shut down has caused their own problems, which he indicates. The banks are being forced to file many more SARS(Suspicious Activity Reports) than ever before, with regulators adding more and more bank activities than are defined as suspicious, so there is a better and better chance of ANY shop running into problems with their bank; even if 100% legit. What if the regulators begin looking at business owners who own more than 2 or 3 business accounts or someone like Brian who said he owns 5 bank accounts?
@@buyystocks You miss the point. And you also don't know how the banks, the regulators and the IRS are working together now and what they are putting in their database compared to even 3 years ago. There is more and more scrutiny of anyone who doesn't get a regular pay check. Anyone self employed is now being watched more closely and the banks have to comply with suspicious activity reports for whatever the regulators tell them has to be reported. This extends well beyond coin shops
It's simple. Play by the rules. The rules are in place for a reason. No sense it coming up with what-if scenarios that don't exist. That is the fear mongering Brian talked about in the video.
It seems like we have as many LCS's as McDonald's in our area, and I deal with two of them. They have both been warned by their banks to discontinue the practice of making deposits that fall just under the $10,000 threshold. They were both told that that practice will raise flags and that their accounts would be closed if the practice continued. Both of these owners have over 20 years of a business relationship with their respective banks. That is why they were given a warning. Banks are under no obligation to provide warnings or send letters and can close your account without any explanation.
JUST UNDER the $10,000 threshold. In other words, don't make deposits like $9,999, or thereabout. Making $9,999 deposits for the purpose of avoiding the $10,000 threshold is illegal. I think that could trigger a SAR. It's much better to make one deposit of $19,998 than 2 deposits of $9,999. @@livinthedream7714
Too many people are taking investment advice that they didn't ask for and are getting for free from people they don't know on youtube. Since the "silver squeeze" began, all kinds of silver "experts" have come out of the woodwork. People you never heard of and have no reputation. If I was making tons of money doing this, that or the other I wouldn't be on youtube teaching others how to compete with me. I would be in the carribean sipping fruity drinks with mini paper umbrellas with my laptop trading and sucking money out of the market. I wouldn't spend my day in my basement telling you how to get rich, and definitely not for free! Grow your stack!
hey guys i'm smart. i do everything they tell me to. i jump thru every rediculous hoop they throw in front of me and i'm confident they will end me last. or close to last.
I'm not going to be able to catch the premiere but I'm looking forward to hearing Brian and Speg inject some common sense into anything you guys discuss!
I don't know why you don't take checks. It's simple to not ship product until the check clears the bank system and you have the money. SD Bullion gives a discount for using a check. I have never had a problem with them or that process at all. I can understand the credit card or debit card thing. I would think wire transfers, postal money orders, cashiers checks and personal checks should be good to go. I can really tell Speg. is not an outdoorsman. It was gigging frogs, not fish, with a flashlight! Gators and snakes are not a problem if you know how to handle them. I hate the bugs tho'! I'm just an old retired Army and farm boy. Just normal stuff for me.
Hi Spegtacular! I just wanted to say thank you very much! I got my coins today and the bonus copper round and poker chip. I love them and will put them with the others. All the best from Yonkers, NY!
Virtually all US Mint coins, Platinum Eagles for example, are WAY overpriced relative to other countries Platinum coins so the mint is not selling them. Their coin programs are horribly mismanaged. Congress should seriously look into it.
I don't pay exorbitant premiums for the US minted coins, when Britannia's are far more beautiful and more cost effective , I don't know why anyone would buy them, they are not attractive coins and they are way overpriced.
Greetings all from the Outer Banks of North Carolina! And a big THANKS to SpegTacular....got my .50bmg round yesterday and love it!! Also, the copper round was awesome, too! Great haul for me!!! 🇺🇸🇺🇸🇺🇸
The owner of the shop specifically said he was AML complaint the bank squarely told him they are NOT business friendly, take your business elsewhere, why the big deal? Dunno
Also for those in the do not know, Perth stopped making the one ounce High relief Kookaburras. I think two years ago? Maybe 3. They are making a gold gilded two ounce now but no more AND I have the complete set in PR HR 70s👍
7:33 I actually never had a problem with card payments I'm in New Orleans and they fraud alot but I've been blessed enough to be good I just make the customer pay the fees.
It totally does because they’re banking on people not paying the limit off in time and now owing interest payments on the remainder. The interest free part is limited time and now you’ve got the credit card with high interest rates sitting in your wallet. Most Americans will fall for that easily! I’ve always just paid off the card and then never used it from there on.
I think it's a confidence builder. Those people would not use credit cards otherwise. So if they give them 0% and airplane mileage and stuff like that, then they will use the credit cards, making it look safe for everybody else to use them. I've noticed this in Vegas, too, they will give some people free tickets to fill the show up, and that makes people that paid high prices feel better about it. I have seen restaurants do this as well where they give some people, free drinks, or free meals, to build confidence, to get other people to come in spend money.
It's a psyop. Most people that have good enough credit do like you did, where they don't fall for it. So, in the end, it really doesn't help the banks directly, it helps indirectly by tricking other people. The people with good credit are setting the bait on the hook for the banks, basically doing their dirty work.
Brian can always be counted on to speak the truth. He's a mensch. An unusual trait on bullion/stacker channels. Bottom line for retailers, do what you are supposed to do and your chances of being "fired" by your financial institution diminish significantly. Who would have thunk it? Sad that the truth is unpopular but sensational self-serving conspiracies on garbage channels get the clicks. There are facts and "alternate facts," I guess.
The smaller the bank the more likely it is to close a cash based business because unlike Chase or Citibank they do not have entire floors of lawyers and compliance officers so a cash business might be too much of a hassle and generate too much work for them to properly comply with FinCEN, especially when you consider the risk on their side which is to lose their banking license.
True. Small banks just don't have the resources to deal with all the paperwork involved. So many laws need to be understood and followed. Just too much work for smaller banks.
every coin shop with bank problems(shut downs) had excellent relationships with their bank and followed all the rules .... Including my local shop in Canada Your not immune sorry ....and wrong about this ....
While it was interesting, and in some ways restful, to hear that "there's nothing to worry about as long as you follow the rules," I reckon that's naïve. Recently it's become clear that our government lies to us on a steady basis, and has done so for decades; often I wonder if they've told the truth about anything important. So I doubt it when the Fed (which is a private consortium of bankers, it's not actually Federal or a reserve bank) says "All is well, sleep soundly in your beds, there's nothing to fear."
Refreshing to hear the disdain for the garbage doom and gloomers on YT, especially prevalent from the precious metal community. So many predictions of collapse and yet no accountability when they are wrong all the time. You can line up the usual suspects and their track record is pathetic. Why would you ever take financial guidance from them or buy what they are hawking?
Proof coins are in capsules, no gloves necessary. Gloves are not necessary for ordinary minted coinage. Find a dealer that understands how to handle coinage.
If you handled the volume that Brian does you would understand. Coins are dirty. Customers like clean capsules and holders as well. And yes, even coins can be damaged with finger prints. See it all the time.
To expound on your comment about the government wanting us to us the money they make. In economics, it is called "the velocity of money". The more dollar bills get passed around the better is it to have a healthy economy,
Great interview! Moral of the story is buy what you can afford, as far as the banks-TBD, none of us know what’s going on & nobody on YT does either! 🪙👍🏼
🥸 It's all about affordably ALTERNATIVE FOREGONE. Can't afford a gold ounce. Buy 40 rounds of silver equals to 1/2 ounce of gold. Premium on fractional rounds quickly add up to the full price of the ounce rounds. Stack 85 silver rounds and trade for an ounce of gold or you have 85 ounces of silver ready for trade to speed as you please.
Brian is so spot on about UA-camrs and their hyperbole, embellishment and bovine scatology. I believe most Ag and Au channels are just advertising fronts for online bullion dealers. The uploaders just re-write the script and puke up another video.
Your relationship with your bank means Nothing. It has nothing to do with how well your books are. Has nothing to do with how large your bank is.
They shoild shut down the the ones on eBay selling fake coins
The government does not make the cash. It's a federal reserve note. They are a private corporation not part of the US government in any way.
That's how it's supposed to be. But we all know full well it's not the reality, well everyone but you.
U.S currency is produced by the Bureau of Engraving and Printing and U.S. coins are produced by the U.S. Mint. Both organizations are bureaus of the U.S. Department of the Treasury
Correct. The us government prints the bills for the federal reserve. Which controls the money supply and distribution
The technicality is that the e gov mints and prints but by law, under the federal reserve act, the fed controls the currency. OP is still correct
Correct. The Fed is a private group of bankers. They create "money" out of thin air, and US taxpayers pay that consortium for the privilege of printing and coining the notes & coins of debt that they created. Our "money" isn't based on anything but faith in our government, and when the Federal Reserve Act was passed in 1913 it removed control of our currency from the Congress. IMHO it's unconstitutional, but I doubt it's going to change unless a collapse actually happens.
Unfortunately if you drive to a coin shop with $10,000 cash (or less) and the Police happen to pull you over , you must have the cash well hidden or they’ll confiscate it , even if you have a bank receipt proving it’s legitimate.
I dont think its as simple as a coin business just following some rules. I think the issue goes much deeper. Bullion is anti banking and anti dollar. Its a bet against the system I think the banks along with the world elites wanting to surpress bullion sales in general.
The Banks are also very aware of the civil forfeiture law, this law allows any law enforcement agency the absolute authority to stop any armored truck or person transporting cash, and seize the cash if they so choose. The law enforcement agencies are allowed to keep all cash seized without filing criminal charges on the transportation company, employees of the company. or individuals. Federal courts have upheld these seizures, and allowed innocent companies and people to loose legally owned cash without recourse for recovery.
Not sure if you checked into it but the coin shops that were shut down did have an AML. They also shut down their whole family's accounts. It's all about cash. You are Not Safe either, if they feel like it, you will be shut down. Good luck with the "it wont happen to me" line.
It doesn't mean they were in compliance. Anyone can buy the kit.
@don951 maybe they lied when they said they were then, my point is, just because you jumped through the banks hoops doesn't mean everyone else is in the clear. All coin shops will be shut down one by one. And people will still say things like, "well, they probably did something wrong."
If your cash came from legitimate sources, dont be afraid to spend it on metals, especially, with Brian.
Thank you sir
Purchased from Brian many times & he runs a top notch shop & does it the right way! Appreciate you both! Thank you sir!
Thank you sir, we appreciate the business
Several of the shops that were reporting they were shut down said they were 100% in compliance with all laws state and Federal and yet Brian himself in the last week on his video said it wasnt happening and said if it was true it was only because of noncompliance with the law. I like Brian a lot he has the lowest price SILVER EAGLES in the U.S. and pays the highest price on buys from customers but I think hes just wrong about this and spoke on this on the fly without actually investigating some actual cases. I still respect him as a very fair buyer and seller in this business.
That’s the shop saying they were in compliance. I want to see where the BANK admits they were in full compliance but just canceled a client for no reason.
Think about that ;)
@@Spegtacular Since it happened "over the pond" in England you may not have heard about it, but Nigel Farage, a well-known public figure, had his bank account closed "for no reason." He tried to open another account with other banks, and was turned down at all of them. This has caused a huge scandal in the UK, since it's entirely political and has no basis in anything financial.
If it happened there, I reckon it could happen here; and after the decades of lies that our government peddles with the help of the mainstream media I doubt pretty much anything that those liars say. Your mileage may vary! (And yes I'm one of those who detests the loathsome "Patriot Act;" it's unconstitutional and unAmerican!)
@@Spegtacular Banks are not legally required to disclose why they cancelled an account. But we absolutely see banks shut down accounts of people who they view as having "problematic" political views -- we see government taking steps to make it unprofitable to service segments they want to go after, some banks have flat-out bans on accounts for companies in the gas & oil business, gun manufacturers, cryptocurrency space. Doesn't matter how perfect you run your operation, if our government wants your industry gone but cannot constitutionally straight up ban them, they will put as much pressure as they can at all aspects of the economy where they can apply pressure - banks, payment processors, internet service providers, social media companies, etc. Let's say an organization promoting "beer-bug" health information that goes against the CDC (which we have thoroughly learned the CDC was straight-up lying in many situations) has their bank accounts banned without reason given, what do you think the answer is? Now we look at coin shops (1) they're not typically run by and patronaged by proud democrat-supporting people, and (2) government is doing everything else they can to ensure all transactions are monitored including moving to a CBDC, you think for one moment our government doesn't have an active vested interest in hurting coin & bullion dealers?
Brian is a touch naive on the bank issue, thankfully he hasn't been shut out, but many of the others who have, were following all the anti-money laundering rules, and some when the banks cancelled the business account, they go and cancel personal accounts, and cancel personal accounts of family members too. The coin and bullion shop nearest me, now rarely does cash sales, demands everything be on debit card, specifically because of the troubles with banks restricting cash deposits and withdrawals.
That's right. Banks are being forced to file more and more SARS(Suspicious Activity Reports) and when enough of these are filed the banks sometimes close the account. And as the regulators add more and more rules on what the banks must report as SARs; the banks file more and more reports and then look to eliminate the businesses causing all these reports.
How do you know "many of the others who have, were following all the anti-money laundering rules"? How do you know that? Because someone on UA-cam told you so? Banks only shut down businesses that don't follow the rules.
Y2K didnt happen because programmers updated the code to deal with the date issue.
Brian is mostly right on much of this but I think he is wrong to assume everyone being shut down has caused their own problems, which he indicates. The banks are being forced to file many more SARS(Suspicious Activity Reports) than ever before, with regulators adding more and more bank activities than are defined as suspicious, so there is a better and better chance of ANY shop running into problems with their bank; even if 100% legit. What if the regulators begin looking at business owners who own more than 2 or 3 business accounts or someone like Brian who said he owns 5 bank accounts?
strummer you have 500 other banks to go to.
@@buyystocks You miss the point. And you also don't know how the banks, the regulators and the IRS are working together now and what they are putting in their database compared to even 3 years ago. There is more and more scrutiny of anyone who doesn't get a regular pay check. Anyone self employed is now being watched more closely and the banks have to comply with suspicious activity reports for whatever the regulators tell them has to be reported. This extends well beyond coin shops
It's simple. Play by the rules. The rules are in place for a reason. No sense it coming up with what-if scenarios that don't exist. That is the fear mongering Brian talked about in the video.
We all need to protest against this - - - -!
The hatred against freedom is real. FtheNWO
The empire wants complete control
That's why Cryptocurrencies are the answer 😀
@@briank9638 I'm not a fan of crypto outside of Bitcoin and Ethereum. Bitcoin is the best asset to own in my opinion. Better than gold even
The jesuit's plann
It seems like we have as many LCS's as McDonald's in our area, and I deal with two of them. They have both been warned by their banks to discontinue the practice of making deposits that fall just under the $10,000 threshold. They were both told that that practice will raise flags and that their accounts would be closed if the practice continued. Both of these owners have over 20 years of a business relationship with their respective banks. That is why they were given a warning. Banks are under no obligation to provide warnings or send letters and can close your account without any explanation.
JUST UNDER the $10,000 threshold. In other words, don't make deposits like $9,999, or thereabout. Making $9,999 deposits for the purpose of avoiding the $10,000 threshold is illegal. I think that could trigger a SAR. It's much better to make one deposit of $19,998 than 2 deposits of $9,999. @@livinthedream7714
But they never reported or punished Hunter or joe?
I work in Tobacco. Some CC processors will drop a store when they find out they sell tobacco. I have never seen a UA-cam video about that
Too many people are taking investment advice that they didn't ask for and are getting for free from people they don't know on youtube. Since the "silver squeeze" began, all kinds of silver "experts" have come out of the woodwork. People you never heard of and have no reputation. If I was making tons of money doing this, that or the other I wouldn't be on youtube teaching others how to compete with me. I would be in the carribean sipping fruity drinks with mini paper umbrellas with my laptop trading and sucking money out of the market. I wouldn't spend my day in my basement telling you how to get rich, and definitely not for free! Grow your stack!
hey guys i'm smart. i do everything they tell me to. i jump thru every rediculous hoop they throw in front of me and i'm confident they will end me last. or close to last.
I'm not going to be able to catch the premiere but I'm looking forward to hearing Brian and Speg inject some common sense into anything you guys discuss!
Hey thank you. That means a lot.
Cash is Anonymity,, and its better that No one Knows... Especially Your Government...
I don't know why you don't take checks. It's simple to not ship product until the check clears the bank system and you have the money. SD Bullion gives a discount for using a check. I have never had a problem with them or that process at all. I can understand the credit card or debit card thing. I would think wire transfers, postal money orders, cashiers checks and personal checks should be good to go. I can really tell Speg. is not an outdoorsman. It was gigging frogs, not fish, with a flashlight! Gators and snakes are not a problem if you know how to handle them. I hate the bugs tho'! I'm just an old retired Army and farm boy. Just normal stuff for me.
Check their spot prices with someone reputable like comex or KITKO.
The cartel's money launderers shut down potential launderers of pocket change!
Hi Spegtacular! I just wanted to say thank you very much! I got my coins today and the bonus copper round and poker chip. I love them and will put them with the others. All the best from Yonkers, NY!
Thank you for supporting my husband 😊
Some woke banker could shut down the Coin Guy because he reminds her of Archie Bunker 🤷♂️
Stifle!
Coin guy is the MAN!!!!!!!
Archie Bunker was funny AF.
I thought I was the only one who thought he looked like Archie Bunker!
@@mikep4745 for the Archie similarities, I think it’s his Queens NYC accent too!
if a credit card is used at a store the seller eats the loss if the buyer is fake.
Virtually all US Mint coins, Platinum Eagles for example, are WAY overpriced relative to other countries Platinum coins so the mint is not selling them. Their coin programs are horribly mismanaged. Congress should seriously look into it.
Congress could care less, they're just as bad in their own ways.
I don't pay exorbitant premiums for the US minted coins, when Britannia's are far more beautiful and more cost effective , I don't know why anyone would buy them, they are not attractive coins and they are way overpriced.
@@tlee9484 Agreed!
@@l.a.mottern3106
It's sad , however very true.
Wow a week ago people were saying this is a non-issue . Interesting.
Greetings all from the Outer Banks of North Carolina! And a big THANKS to SpegTacular....got my .50bmg round yesterday and love it!! Also, the copper round was awesome, too! Great haul for me!!! 🇺🇸🇺🇸🇺🇸
What’s been your favorite round by him, so far?
Great interview Brian is a straight forward guy!!
This guy is fabulous to do business with!…👍❤️👍
I will never have a lot of money, I will never own a credit card, and last, I will never be in debt.
The owner of the shop specifically said he was AML complaint the bank squarely told him they are NOT business friendly, take your business elsewhere, why the big deal? Dunno
Thank you for covering this topic! 😊
Thank you for watching!
Banks are like any other business, continually optimise profits - nothing specificity coin shop related
It’s because the banks are using interest off of non existing deposits to operate.
Also for those in the do not know, Perth stopped making the one ounce High relief Kookaburras. I think two years ago? Maybe 3. They are making a gold gilded two ounce now but no more AND I have the complete set in PR HR 70s👍
Pretty sure that's not Core. More likely vodka or gin. Bless you guys. 😂
7:33 I actually never had a problem with card payments I'm in New Orleans and they fraud alot but I've been blessed enough to be good I just make the customer pay the fees.
This was one of the better interviews between you two, feels like the comfort level has grown with time and familiarity. Awesome job!
8:40 - Tell that to Clause Schwab and the WEF.
Swamp fishing, aka Mosquito Blood Battle.. Ill stay offshore thanks..😎👍
How do you explain banks giving people credit cards with zero interest? That does not do the banks any good.
It totally does because they’re banking on people not paying the limit off in time and now owing interest payments on the remainder. The interest free part is limited time and now you’ve got the credit card with high interest rates sitting in your wallet. Most Americans will fall for that easily! I’ve always just paid off the card and then never used it from there on.
I think it's a confidence builder. Those people would not use credit cards otherwise. So if they give them 0% and airplane mileage and stuff like that, then they will use the credit cards, making it look safe for everybody else to use them. I've noticed this in Vegas, too, they will give some people free tickets to fill the show up, and that makes people that paid high prices feel better about it. I have seen restaurants do this as well where they give some people, free drinks, or free meals, to build confidence, to get other people to come in spend money.
It's a psyop. Most people that have good enough credit do like you did, where they don't fall for it. So, in the end, it really doesn't help the banks directly, it helps indirectly by tricking other people. The people with good credit are setting the bait on the hook for the banks, basically doing their dirty work.
WOW, Brian has some major yellow bollards! 😂😂😂
LOL....Yes I do!!!!!!!!!
A voice of Sanity. What a concept.
Keep the cash flowing
Good job guys
Agreed 😊
If we think banks hate cash now wait till central bank digital currency hits. 😢 prayers for the LCS. Support your LCS while you still can. 😊
Yeah im actually thinking he is just lucky thus far really! He seems too casual about the understanding between himself and the bank! Give it time!
The credit card company will file a dispute and if they prove the charge was legit they will give the money back to the seller.
Brian can always be counted on to speak the truth. He's a mensch. An unusual trait on bullion/stacker channels. Bottom line for retailers, do what you are supposed to do and your chances of being "fired" by your financial institution diminish significantly. Who would have thunk it? Sad that the truth is unpopular but sensational self-serving conspiracies on garbage channels get the clicks. There are facts and "alternate facts," I guess.
Need to start accepting Bitcoin. There are no charge backs. If you use a third party like Bit-Pay they will convert it to USD for you.
Thank you gentlemen for the video.
Best video I've watched all week! Thanks so much!
Good interview. 👍
Great info Brian!
Great video, good knowledge 😳👍
I would love to know what an AML policy involves. Does it involve reporting identifications of buyers for example?
It involves reporting your information.
And to the republic for which it stands…cmon Speg
Why is Brian wearing black gloves in every video????
When a form 400 is generated, does it report your information or the buyers information to the government?
Great vid buddy.
2:00 Land of the Free. 🤣
The smaller the bank the more likely it is to close a cash based business because unlike Chase or Citibank they do not have entire floors of lawyers and compliance officers so a cash business might be too much of a hassle and generate too much work for them to properly comply with FinCEN, especially when you consider the risk on their side which is to lose their banking license.
True. Small banks just don't have the resources to deal with all the paperwork involved. So many laws need to be understood and followed. Just too much work for smaller banks.
Why would any coin shop need cash from their bank?
Create your OWN cash stash, fill the safe with as much as needed.
How does the coin shop pay their bills without any cash in the bank?@@barry4159
Good video with a nice ending...
If you see silver eagles on line for $19.99, RUN.
every coin shop with bank problems(shut downs) had excellent relationships with their bank and followed all the rules ....
Including my local shop in Canada
Your not immune sorry ....and wrong about this ....
Spectacular. 😮😮😮
Great video!
While it was interesting, and in some ways restful, to hear that "there's nothing to worry about as long as you follow the rules," I reckon that's naïve. Recently it's become clear that our government lies to us on a steady basis, and has done so for decades; often I wonder if they've told the truth about anything important. So I doubt it when the Fed (which is a private consortium of bankers, it's not actually Federal or a reserve bank) says "All is well, sleep soundly in your beds, there's nothing to fear."
So tell us what your AML policy is???
No to the bank hello everyone
Refreshing to hear the disdain for the garbage doom and gloomers on YT, especially prevalent from the precious metal community. So many predictions of collapse and yet no accountability when they are wrong all the time. You can line up the usual suspects and their track record is pathetic. Why would you ever take financial guidance from them or buy what they are hawking?
Not good, next they will target eBay then it’ll be hard to cash in when you need to and the big guys can have more control over the premiums.
It cost the bank a lot of money to have money or get money what the fuck is a bank for
A bank is a business. They’re there to make money and grow their business. Be your own bank as much as you can.
@@Spegtacular no I 100% agree
Comply, comply, comply like a good little lemming.
JP morgan is into some shady shit....Thats not OK!
Own nothing and be happy.
WEF with help from Blackrock who owns many banks…
Proof coins are in capsules, no gloves necessary.
Gloves are not necessary for ordinary minted coinage.
Find a dealer that understands how to handle coinage.
If you handled the volume that Brian does you would understand. Coins are dirty. Customers like clean capsules and holders as well. And yes, even coins can be damaged with finger prints. See it all the time.
cash only...haahaahaa...... then you are not going to love CBDC cashless society.
Yeah whats up with banks shutting down shops
"UH!
But, UH but, UH BUT...
UH! FACTS DON'T MATTER!
UH! YOU'RE *JUST* A GUY... !
UH! !!!MAN-SPLAINER!!!
UH! SUPERIOR-EQULATAAA!!!!
- DUH!"
!(: THANKS AGAIN GENTS ;)!
Vermillion is good, Verbillion is better.
What’s next?
Theyll come for you too. Has nothing to dovwith this.
Accept crypto
To expound on your comment about the government wanting us to us the money they make.
In economics, it is called "the velocity of money". The more dollar bills get passed around the better is it to have a healthy economy,
Great interview! Moral of the story is buy what you can afford, as far as the banks-TBD, none of us know what’s going on & nobody on YT does either! 🪙👍🏼
🥸 It's all about affordably ALTERNATIVE FOREGONE. Can't afford a gold ounce. Buy 40 rounds of silver equals to 1/2 ounce of gold. Premium on fractional rounds quickly add up to the full price of the ounce rounds. Stack 85 silver rounds and trade for an ounce of gold or you have 85 ounces of silver ready for trade to speed as you please.
Brian is so spot on about UA-camrs and their hyperbole, embellishment and bovine scatology. I believe most Ag and Au channels are just advertising fronts for online bullion dealers. The uploaders just re-write the script and puke up another video.