@@DrSchor In the video there was a question about why on Monday the ATM was out of cash, and why there were 30 people in the bank waiting to withdraw money. I think the CrowdStrike outage may be a reason for that.
@@DrSchor no, just that you should have a week or two's worth of expenses in cash on hand in case you have a natural disaster or widespread power, internet, or software outage, etc
Just remember the rise in Gold is primarily due to central bank accumulation, and the markets 'pricing in' over half a dozen 'penciled in' rate cuts. These gains could easily retrace down upwards of 20% or more when the reality that the cuts will never come hits, or the banks quit buying. The physical retail demand has never had any bearing on the spot price (which all of us use as a standard of value). Just be weary of this with metals, and always remember you lose 5%+ of your value right off the bat with physical metals due to premiums charged. Be diversified.
Physical demand is the primary driver of gold price. Jewelry plus physical investment is like 2/3 of the market. That's why the price of gold actually went down in 2008, people stopped buying jewelry during the GFC.
I've been selling off things I don't want or need this year, and every dollar I got has been converted into silver. I even offered lower prices for those who wished to pay in silver.
Minot Coin your Shop is Awesome!!! If I live Close to your Coin Shop, I would be buying Tons of Weight each Week at your Shop!!! I am buying Tons of Silver Weight each Week at Least Full Tube & Little Pre-33 Gold for my Portfolio!!! 🥈🥇🥈 I am Stacker for The Long Haul everything is in my Gun Safe for my Retirement & Children Future!!! I bought when Silver was $22+ Ounce & still buying at $30+ Ounce it’s All the same Nice & Steady & Stacking Strong!!! 💯💯💯
@@davidf3883 why do people put guns in safes if they are easily broken into. i a alarmed now. why arent safe gun safes made. doesn't it make sense to buy a safe safe. why are unsafe gun safes made, anyway, and why do people buy them
When paper currency dies, there's massive instability. Political and otherwise. Get your silver and Gold ASAP guys. That King Tut set kicks so much ass... it's ridiculous😂 Thanks Josh
Here in South Dakota the economy is very mixed, some sectors are still booming and some, like agriculture are hurting. Here in Sioux Falls we are stillseeing people willing to move here for job opportunties.
Wow what a king tut set in humble North Dakota UNREAL how cool is that. Last year I found a 5 oz silver round made from Atocha silver. in eastern Washington state AKA dead cow country! so neat to see such rare and valuable things just walk in the door. Must be hard to be a coin shop and not keep everything !
i cant afford gold. who can? never thought of panning. where do i go for that. i saw a humphrey bogart movie about that, i think it is a famous move. should i go there?
Yeah, it is toot an Kamen but we know that people have ways of saying the same thing differently. Idears for ideas, there's for theirs and so on. Really cool pyramid gold stuff no doubt. Always a fan of your content.👍
I haven't had an issue taking cash out of the bank. That said I don't trust banks for the most part so I leave as little cash in the bank as I need to, the rest goes in a credit union. I know credit unions aren't perfect but it's better than the bank I have a relationship with. As to what I'd buy if I had no choice I'd likely get gold. I do love both metals, though. Thanks!
if you know there is no issue taking cash out of the bank, why the mistrust. help us know what to do. What specific details make a credit union better. so much for me to know. are you aware that the love of money is the root of all evil? i know what i am talking about because I read the bible and the bible was written by god so it is a all trure. but dont be alarmed. there is time to REPENT. that is in the bible , too. how to repent you ask? simple. give your gold and silver to Jimmy Bakker before it is to late and he will pray for you. I know he will pray for you because he said he would, and he does not lie.
I used the last pullback to 29/ozt to buy another 3 Tubes of backdate Retail Freindly ASE for $3 over spot....selective buying when and how often goes a long way....STACK ON
Hi Josh, thanks for the vlog! It would be good to understand what is going on with the banks and large withdrawals. I know there are some money laundering checks in place. On another note, that King Tut is pretty cool a definite eye catcher.
Lol. CP-LIE. I like that. Also The Crooks at the Crooked Comex. It's so APPARENT that the manipulation is evident in the silver market but WHY cant anything be done about it to let natural forces work on the marketplace? And now with the Stacker's Champion Ted Butler passing away, what other voice will rise to the top to at least bring notice to the debacle of metals?
It’s difficult to find sales comps on it because only 999 sets exist. Therefore it’s difficult to place a value on it. My best guess is a retail price of around $3000/oz. It is a total of 1.7oz so $5100 or so. That’s about spot + 22%.
I’m absolutely stacking both silver and gold. Have long term goals for both metals. And thriving towards it 👍 Keep stacking friends
Josh is a great guy to deal with. Very fair pricing and PHENOMENAL customer service.
I think the computer outages reminded people it’s good to have cash on hand.
Are you saying we need to avoid gold because of computers
@@DrSchor In the video there was a question about why on Monday the ATM was out of cash, and why there were 30 people in the bank waiting to withdraw money. I think the CrowdStrike outage may be a reason for that.
@@DrSchor no, just that you should have a week or two's worth of expenses in cash on hand in case you have a natural disaster or widespread power, internet, or software outage, etc
Bought 100 BU 1964 Kennedy Halfs yesterday at 22x face
Thanks Josh!
Revived my package yesterday! Thanks so much!
Just remember the rise in Gold is primarily due to central bank accumulation, and the markets 'pricing in' over half a dozen 'penciled in' rate cuts. These gains could easily retrace down upwards of 20% or more when the reality that the cuts will never come hits, or the banks quit buying. The physical retail demand has never had any bearing on the spot price (which all of us use as a standard of value). Just be weary of this with metals, and always remember you lose 5%+ of your value right off the bat with physical metals due to premiums charged. Be diversified.
i am a newbie .why should we be tired of retail demand. retail demand has always been with us
Physical demand is the primary driver of gold price. Jewelry plus physical investment is like 2/3 of the market. That's why the price of gold actually went down in 2008, people stopped buying jewelry during the GFC.
@@stevee8318 By that logic, the price of gold should be plummeting.Because nobody can afford it right now.
@@TheMostSlyFox The entire American economy runs on people buying things they can't afford
I've been selling off things I don't want or need this year, and every dollar I got has been converted into silver. I even offered lower prices for those who wished to pay in silver.
fascinating, but makes sense about getting silver. how much should we go into debt to buy silver?
Always enjoy hearing your honest straightforward comments on the gold and silver economy
Thanks Minot Coin & Bullion. Keep the Flash sales going!
Minot Coin your Shop is Awesome!!! If I live Close to your Coin Shop, I would be buying Tons of Weight each Week at your Shop!!! I am buying Tons of Silver Weight each Week at Least Full Tube & Little Pre-33 Gold for my Portfolio!!! 🥈🥇🥈 I am Stacker for The Long Haul everything is in my Gun Safe for my Retirement & Children Future!!! I bought when Silver was $22+ Ounce & still buying at $30+ Ounce it’s All the same Nice & Steady & Stacking Strong!!! 💯💯💯
Might now want to tell where you keep it and gun safes are not safe for metals. Easily broken into. Good luck on your stacking
@@davidf3883 why do people put guns in safes if they are easily broken into. i a alarmed now.
why arent safe gun safes made. doesn't it make sense to buy a safe safe. why are unsafe gun safes made, anyway, and why do people buy them
i dont know anything about tubes. trying to buy them now. where do I buy a tube that hold a ton of silver. cant find one. help.
@@DrSchor amazon has them..or any dealer online.
Awesome king tut gold. I've never seen that before.
Appreciate informed perspective 👍
When paper currency dies, there's massive instability. Political and otherwise. Get your silver and Gold ASAP guys. That King Tut set kicks so much ass... it's ridiculous😂 Thanks Josh
Great video!
Enjoyed spending a few minutes with you.
Did anyone ever guess the weight win the Silver ship?
Yes. It weighed 28 grams
Silver is on sale today! Buy Buy Buy!!!💵💰💵
Here in South Dakota the economy is very mixed, some sectors are still booming and some, like agriculture are hurting. Here in Sioux Falls we are stillseeing people willing to move here for job opportunties.
Wow what a king tut set in humble North Dakota UNREAL how cool is that. Last year I found a 5 oz silver round made from Atocha silver. in eastern Washington state AKA dead cow country! so neat to see such rare and valuable things just walk in the door. Must be hard to be a coin shop and not keep everything !
Thanks
The King Tut stuff was quite cool! Keep it.
For $500 I would get me another British Gold sovereign.
On the pyramid my guess the value would be gold spot +40% am I close?
Gold has gotten out of my price range, I probably will never be able to buy any more in my life time.
But, I be able go pan some gold nuggets !
i cant afford gold. who can? never thought of panning. where do i go for that. i saw a humphrey bogart movie about that, i think it is a famous move. should i go there?
Yeah, it is toot an Kamen but we know that people have ways of saying the same thing differently. Idears for ideas, there's for theirs and so on. Really cool pyramid gold stuff no doubt. Always a fan of your content.👍
Thanks for the info
At my local credit union in Dallas, the atm machine is frequently, conveniently “out of service”.
That pyramid is cool never seen one
$500 of silver, thanks Josh.
I haven't had an issue taking cash out of the bank. That said I don't trust banks for the most part so I leave as little cash in the bank as I need to, the rest goes in a credit union. I know credit unions aren't perfect but it's better than the bank I have a relationship with.
As to what I'd buy if I had no choice I'd likely get gold. I do love both metals, though. Thanks!
if you know there is no issue taking cash out of the bank, why the mistrust. help us know what to do.
What specific details make a credit union better. so much for me to know. are you aware that the love of money is the root of all evil? i know what i am talking about because I read the bible and the bible was written by god so it is a all trure. but dont be alarmed. there is time to REPENT. that is in the bible , too.
how to repent you ask? simple. give your gold and silver to Jimmy Bakker before it is to late and he will pray for you. I know he will pray for you because he said he would, and he does not lie.
I used the last pullback to 29/ozt to buy another 3 Tubes of backdate Retail Freindly ASE for $3 over spot....selective buying when and how often goes a long way....STACK ON
Hi Josh, thanks for the vlog! It would be good to understand what is going on with the banks and large withdrawals. I know there are some money laundering checks in place. On another note, that King Tut is pretty cool a definite eye catcher.
Thanks for the idea!
Lol. CP-LIE. I like that. Also The Crooks at the Crooked Comex.
It's so APPARENT that the manipulation is evident in the silver market but WHY cant anything be done about it to let natural forces work on the marketplace?
And now with the Stacker's Champion Ted Butler passing away, what other voice will rise to the top to at least bring notice to the debacle of metals?
Stereo microphone for a mono application?
$500 cash = Ag. *Lowest premium Ag*
Eventually all coin shops will be forced to become their own bank as banks continue to close their bank accounts! Sad
I always thought the H is silent but who knows
Kitco silver is $29. Just now
That king Tut pyramid is quiet the piece.
King tut is rather a spectacular article, why are you calling it quiet instead? i dont get the logic.
I'm getting really tired of all the historical events that are happening in my lofetime.
On the pyramid my guess the value would be gold spot +40% am I close?
It’s difficult to find sales comps on it because only 999 sets exist. Therefore it’s difficult to place a value on it. My best guess is a retail price of around $3000/oz. It is a total of 1.7oz so $5100 or so. That’s about spot + 22%.