I'm from the UK. We have a 20% sales tax on silver. Which isn't great. But if I have this right, your customers can 'sell' you silver, and then have 7 days to watch the price, and if it rises, come and get their money back !?!?
Great video. I have asked this question on many other YT channels. If the price spikes or gets to all-time highs, who will/can buy it. And no one has ever responded... Thanks for your honesty.
Great info. I really appreciate a video with (1) no music, (2) no clip art and mindless stock footage and (3) no silly zooming in and out. I come here for knowledge, not a show.
I am maintaining my wealth with my stack. I am not a day trader, I'm a a keeper. I enjoy my hobby as a numismatic, but that is separate from my stack. Stack high everyone, keep it!
@@johnnnoiseaccurate assessment. I've never personally needed to dip into my stash. Only once have I even considered it because of a family members medical bills but ultimately decided against it.
@@johnnnoise People's finances as well as their monetary commitments change. Did you know well over 1 million vehicles are repossessed in the US each year? Many of those people COULD afford the payments until something changed in their lives. It's the same with this. Your reply is too black and white and it's ALL gray. It's also arrogant AF.
@@johnnnoise Anybody can afford to buy it. The problem for most people is giving up the crap they don't need, the eating out all the time, the things they can go without, and that money could be going into some kind of nest egg instead. Most people aren't willing to make the sacrifice though because they want instant gratification.
Great video! I always chuckle at people who get caught up in daily fluctuations. As I see it, gold and silver are extremely stable. An ounce of gold is worth an ounce of gold. An ounce of silver is worth an ounce of silver. It’s the DOLLAR that fluctuates and is unstable. My stack is my long term savings account (I’m talking decades, not months or years). I hope to never trade it for dollars. I hope to leave it to my kids.
He's right, don't buy silver for short term. And don't worry about the price. It's way way way undervalued. Silver is the most important metal to the world. No other metal on planet earth can do what silver can do. Silver Is the most valuable metal in the world even at $30
Silver is cleaner because nothing can live on silver like bad germs. It stops them immediately. That's why they use it for silverware for food as well. So it's better for exchanging between people
@@jimgoodreau1245How do you figure? It's an illusion! The dollar is declining and many countries are now refusing to accept it at all. Get silver to protect yourself. Common sense!
@@pistooli1 Everything to do with it. Without water, food, and shelter, you don't really need gold and silver do you. Because you are unalive. It's like saying lead has nothing to do with food, shelter, silver, and gold. As for the God part, if you don't know. You might want to find out. Soon. You'll be better for it.
@@constitutionalright827 Water food and shelter are entirely different things than gold and silver. ...Physical gold and silver are what you get only when you have taken care of everything else . There are no gods, never have been and never will be. : )
Our debt indicator used to be "the debt clock"... as of April 2024, this clock was "fixed to run slower". This means that our debt at this time is way beyond 35 trillion... now reaching 36 trillion (the real rate is one trillion every 100 days) !!!
Initially when I started my stack, the idea of increasing my fiat holdings seemed appealing. But the community on youtube, plus just thinking long and hard made me realize that metals are a good place to be. I've been a scrapper/recycler for over a decade, so I knew that metals were valuable, and relatively volatile. It was late 2022 when I hurt my back (all better now) that inflation headlines made the news. UA-cam was glut with all kinds of videos pertaining to stocks, inflation, etc. In a way, I'm glad my back got hurt. Because it put me on a very good path. Silver and Gold haven't become more valuable. They've always been valuable. The dollar is getting weaker and weaker. So naturally it takes more of them to convert. I won't sell my precious metals for any price now. But, it is an insurance policy. If I needed to, I'll be glad it's there. Trading metal for metal is somewhat of interest though. For example if American silver eagle premiums exploded again, trading them for more ounces could be very appealing.
Thanks for your straightforward analysis on selling during runups! I've been stacking for 10 years now and I wondered how my LCS was going to survive a short term runup. Now I know.....just hang on a little longer and take a breath! Great channel!
I’m buying while most are selling. I only look at price to know how much garbage paper it takes to buy a once.when every is buying I’ll trade for farm land or lumber property
I was probably one of those commenters. I'd forgotten about your need to hold for a week, that does add a ton of complexity. But, seriously: HUGE props for the guts it took to say this. I've watched a lotta stacking vids before but this one was eye-opening to a new level - because you are really on the level. This could be the most important stacking video I've seen in like, ever.
Great honest take on the precious metal market and stacking in general. As a numismatist interested in rare coin collecting since childhood, I have also been stacking for several years now. My goal is to amass enough physical gold and silver to preserve my buying power and thus be able to maintain my current standard of living in the event of an economic panic or collapse and have a reserve to expand my wealth in opportunities not dependent on fiat money. I have used this period of rising gold and silver prices to rationalize my stack by liquidating items that command lower premiums, sell at substantial discounts to spot, or are otherwise hard to sell and replacing them with items that command higher premiums and are in greater demand and thus more readily sold. I see this as a reasonable approach to improving one's stack in a period of rising prices and I think many dealers would understand and be able to support this kind of activity.
Great video. I have asked this question on many other YT channels. If the price spikes or gets to all-time highs, who will/can buy it. And no one has ever responded... Thanks for your honesty.
This issue was addressed in the video. If you're buying precious metals now to trade for fiat when the price goes up, they you shouldn't be buying precious metals. You should become a commodities trader. Holding precious metals is like having an insurance policy against hyperinflation. Right now, the value of our fiat dollar is largely based on faith. Derivative trading to manipulate metals pricing is based on the stability of the economy. When those conditions cease to exist, precious metals, and other items of immediate, demonstrable value, will _become_ the money. It's not that their "price" went up. It's that the intrinsic worthlessness of the fiat dollar has been widely recognized and acknowledged. No one will be selling their precious metals for fiat, except perhaps on a very short term basis, to acquire another asset of stable, intrinsic value.
I flipped from silver to gold for that reason ,I can sell gold much faster and get my spot price / I had silver and dealers are brutal , not that easy to even get spot price sometimes Mississippi, Florida. This is last month, REAL TALK, Their getting flooded with silver, kinda sucks. Thanks for keeping it 100% it is the TRUTH.
Appreciate your perspective as a dealer. Depends on location, population density etc. I know a few large dealers in the LA area that buy/sell large quantities on a daily basis. It’s hard to say how things will be if there’s a large price increase. Especially in a short amount of time.
Appreciate your information. I am Australian and during recent price increases , a dealer from melbourne was smash with people selling for profit to the point that he pleased for people to ease up. (Payed out millions to sellers). A week later , almost all stock was sold and they were looking for more. My point is that these things move in cycles. Maybe your solution is to cap amounts that you can purchase from each customer until things improve?
I enjoy looking at these beautiful coins. I also admire the art of the old horse blankets! I know I'm not going to get rich off this stuff but I'll leave something special for my kids.
Precious metals are a good way to get rid of fiat, not accumulate more of it. Just like buying pew pews, ammunition, and emergency food and water stocks. Anyone in serious need of fiat should not accumulate metals.
Right you are. I treat my stack of precious metals as savings account, one that is not subject to hyperinflation. Yes, the price is manipulated with derivatives in a relatively stable economy, but I'm not holding metals to use in a stable economy. In the meantime, I can sell some if needed for an unexpected emergency.
@@celnaz correct,the problem with anything that is valuable,you have to manage it,not so with metals,you buy and hold,not like real estate,cause its never exposed,ever,it's last ditch money,last thing you do is cash in ,i sleep better knowing i'm liquid,constantly, gold or silver,there are buyers,cause everything else you want or need is hooked to the paper world,contracts and signatures,i left that world a long time ago
I hear you sir. People seem to want to give an ignorant opinion on which they know next to nothing. I admire your tact, if I had made this video, I would have let it be known in no uncertain terms what end the crap comes out of the bull. On another note, my LCS has had so much silver offered up for sale he quit buying. Then he had a customer service idea. He has taken it as an opportunity to repay his loyal customers. He bought more silver ( I do not know how much) to sell to us at spot. I bought two 10 oz. bars for $31.00 per oz. and appreciate his efforts.
I shared this event on another channel. I will say it here too. I watched a woman sell four rolls of American Silver Eagles 2013, in mint tube to a pawn shop for face value. That is $80.00. The woman was upset and wanted more money. But the pawn shop held firm noting that the face value was clearly on the coins. That they were not antique coins either. They paid her four paper twenties, for the 80 ounces of silver and she left. 😮
Stack silver is not for sale, it's for barter trade, "selling" silver for fiat currency doesn't make sense. How does too much silver come in too quick, when you don't have to buy it? How can having to wait a week to turn the silver a problem when you don't have to buy it? Shops buy under spot and sell at the higher premiums. I can hear it now, "we can't take more silver, that's why our cash price is so low". What happens when the fiat dollar is worth nothing, how is a shop going to buy silver then? After WWII estates in Germany were going for 75 ounces, there was no currency.
I'm a new stacker, almost 2 years to the day since my first purchase. On one occasion I sold a couple of pieces because I had an unexpected expense but I replaced what I sold a week later. Other than that I've just bought over those 2 years on a regular basis, and the only reason I check spot price is to potentially pick up a bargain in the dips. From day one my intention was to stack for barter/exchange and not to sell, and nothing has changed since then.
Haven't paid any attention to the fiat currency value of my metals in damn near 15 years... I'll admit that occasionally I do look up the current price vs what I paid way back when and I do get a lil smirk though 😎
If you have a problem selling a high value high demand product you are doing something wrong. If you are trying to sell on short notice then expect to pay for that short notice. One thing I can say is not speculation is we are in a moment of saturation inflation hasn't hit yet the money supply has 20x in less than 4 years over the past 150 years. On top of that we have 7.3 Trillion coming back into circulation form the petro dollar in the coming years. When people realize that you won't have inventory to sell it will happen fast. I look at facts and what took place in the past with other countries we are no different.
I started buying platinum, silver, and gold in 2022 because I want assets outside of the system, and I was far more likely to save if I had something tangible. I read and watched videos about finance and bullion every day. I made some mistakes, but I developed a gut feeling for when to buy. I sold some gold for a good profit when I needed new siding and other stuff for the house.
Agreed on the bartering concept; but bartering seems clumsy at best. Especially for large transactions. To do that, both seller and recipient would need to agree on a price which can be convoluted.
Great video. How hard would it be to barter and use physical gold or silver directly in the future aquire Real estate etc. it seems the hardest part is using it or cashing it in down the line Do you see this being an issue?
I plan to keep accumulating both metals and when the time comes I can take a collateral loan to buy deeply discounted real estate and stocks if that crash happens. The wealthy do this and never get rid of their assets and don't create capital gains.👑
The hold periods are WEIRD to me. Here in TX, the State only says if there's a local ordinance for a hold period, it CAN'T be for more than 20-days. My friend owns the LCS in my town and told me that our county has no hold period. He said that some of the bigger cities like Houston do, but that 80%+ of the other areas don't. I didn't even stop to think about what the purpose would be but I gather it's related to theft (Texas has a lot of similar laws for Pawn shops as they do Precious Metal dealers). Eye-opening; didn't really stop to think about how that impacts dealers in other states. Made some great points.
I stack for privacy so that the regime does not know what money I actually hold. They can check my bank accounts and hey, I'm pretty poor. When I retire if I need or want to spend my hard money, then I can and will do that. But I learned my lesson with BTC and yes, if you get hung-up on the day to day metal price you will be in for a an emotional roller-coaster. Never buy unless you can afford to lose that money.
to me, selling it isn't the issue. i look at it as a point that- if fiat fails, and no one has $ (fiat) i/you will have precious metals for payment, barter, $, etc... trading it back for fiat plays against why i want to keep the silver in the first place. stacking is so i have $ capability when fiat means nothing. it's never been about selling silver for more useless fiat. maybe i misunderstood your comment, but it seems like you are buying to one day ''sell'' it back. imo- you buy it so you have money that fiat can't compete against. (especially if shtf)
I am faithful stacker each week + I an in this for the Long Haul & for my retirement or leave some to my Children future. Also looking at the Silver & Gold Ratio in the future!!! Or also Silver melt Value in the Future & Not in hurry to get rid of my Silver Staks!!! 🥈🥇🥈
I love your channel 🤩 your honest comments and clear view on everything. Unfortunately your shop is too far for mee (Dutch 😅) But keep on going the good work! And who says women don’t like to stack 😍 I stack and hold on to it as long as I need to 🎉 thank you for all the information 🙏
Interesting. I wonder how the metals futures markets work in a mobile inflationary economy then. How do mines who sell (and they only sell, no buying) their bullion on futures contracts secure those transactions (if the buyers are going to be futures sensitive on price) because the mines are selling on a schedule, not based upon the market pricing.
Send and bring them all these ...Silver (99.9 purity and higher) and Gold (99.5 purity and higher) to Dubai /UAE, as well as to Switzerland. There is no quantity restriction, (even in Metric ton) nor any import tax. Only need to show proof of ownership to Customs and make a routine declaration. There are a number of refiners esp. for Gold based in Dubai and in Switzerland will buy all your Silver and Gold. So, just don't think only of USA ... but GLOBALLY. Also, the island country of Singapore, in South-East-Asia, has the same friendly import & tax regulations, on 999.9 Silver and 99.5 Gold Bullion and Coins. Importantly to take note, Gold Eagle & Gold Krugerrand (91.67% Purity) and Constitutional Silver (90.0% Purity) would not qualify for such tax free import and duties exemptions, in all these countries.
I used to go hard but since silvers gone over $25 I’ve slowed down. I have sold at times when I needed a bill paid . But I got my shit together now . I don’t really touch my stack anymore unless I’m adding to it. It’s there and I don’t really think about it . I used to watch the price everyday but not anymore. Just check here and there to buy dips. Plan to add a few quarter ozs of gold.
Selling some shares in my IRA stock mutual/index funds during the highs produced all of the cash I need on top of my fixed income for the next 10 ten years. I've never bought metals and never will.
Is it true that you have to pay taxes on it when the individual (person) buys it, or sells it? How do you avoid that? Can coins be melted down to ingots?
If shtf happens you have options. If not you will atleast "save" a bit on inflation, which means lose less than holding cash. Assuming you can hold long enough and are able to find good dealer at your time of need. Buy food and water and other neccessities first, and then metals IF you can afford to hold them long term.
Since 2020, they seemed to have been a Massive Push of gold & silver & those in the Business of Selling to retail might have done very well in these last few year's.
Sorry to say but this is reality
I'm from the UK. We have a 20% sales tax on silver. Which isn't great. But if I have this right, your customers can 'sell' you silver, and then have 7 days to watch the price, and if it rises, come and get their money back !?!?
I'm a first time viewer and I like your honesty and straightforwardness. Thumbs up.
Great video. I have asked this question on many other YT channels. If the price spikes or gets to all-time highs, who will/can buy it. And no one has ever responded... Thanks for your honesty.
@@GAmountainman In the 60's, £17/week wasn't a bad wage. People could buy PMs, they just wouldn't get as much metal for their fiat
Anyone can still buy it because nobody knows if it will keep shooting upward. @@GAmountainman
Great info. I really appreciate a video with (1) no music, (2) no clip art and mindless stock footage and (3) no silly zooming in and out. I come here for knowledge, not a show.
I am maintaining my wealth with my stack. I am not a day trader, I'm a a keeper. I enjoy my hobby as a numismatic, but that is separate from my stack. Stack high everyone, keep it!
People are selling because they need money to pay bills
those people could never actually afford to buy it then
@@johnnnoiseaccurate assessment. I've never personally needed to dip into my stash. Only once have I even considered it because of a family members medical bills but ultimately decided against it.
@@johnathannadeau3285good choice. Unless it’s your kid but if it’s anyone else it is what it is.
@@johnnnoise People's finances as well as their monetary commitments change. Did you know well over 1 million vehicles are repossessed in the US each year? Many of those people COULD afford the payments until something changed in their lives. It's the same with this. Your reply is too black and white and it's ALL gray. It's also arrogant AF.
@@johnnnoise Anybody can afford to buy it. The problem for most people is giving up the crap they don't need, the eating out all the time, the things they can go without, and that money could be going into some kind of nest egg instead. Most people aren't willing to make the sacrifice though because they want instant gratification.
Great video! I always chuckle at people who get caught up in daily fluctuations. As I see it, gold and silver are extremely stable. An ounce of gold is worth an ounce of gold. An ounce of silver is worth an ounce of silver. It’s the DOLLAR that fluctuates and is unstable. My stack is my long term savings account (I’m talking decades, not months or years). I hope to never trade it for dollars. I hope to leave it to my kids.
Great point!
Precisely. Unless SHTF my metals will get passed on.
Dynastic Wealth Preservation. Whatever I don't need goes to my son and my grandchildren.
@@willcruz3198 My plan as well. We needs must make certain of their education to prevent their squandering our dedication.
@@goldsilverstackers1having a revocable living trust is also important for your assets someone said on their podcast.
He's right, don't buy silver for short term. And don't worry about the price. It's way way way undervalued. Silver is the most important metal to the world.
No other metal on planet earth can do what silver can do. Silver Is the most valuable metal in the world even at $30
Gold is THE monetary metal. Silver is for barter and industry.
Silver is better for money because it kills viruses.
It's hard to measure gold for small purchases under $100 or 1 gram especially.
Silver is the money of the people. It always has been.
Silver is cleaner because nothing can live on silver like bad germs. It stops them immediately. That's why they use it for silverware for food as well. So it's better for exchanging between people
Keith Neumeyer said recently silver is mined and should be priced at 10 to 1 Gold 2400 means silver at 240
Most people don't realize the fiat money that we use is just printed up currency and will eventual return to 0 .
Almost has at this point.
@Jukebox1968That is funny... 3 yrs max, get rid of the fake shit .
I have a 30year mortgage in dollars! I have an income in dollars, this has a stabilizing effect for dollars!
@@jimgoodreau1245How do you figure? It's an illusion! The dollar is declining and many countries are now refusing to accept it at all. Get silver to protect yourself. Common sense!
I've been stacking for 15 years, I gave up taking notice many years ago. I know my physical wealth is safe, I sleep easy.
It's not safe. You are a sitting duck.
@@jakobausterlitz8102 Explain how .
@@jakobausterlitz8102 A sitting duck for what ?
@@jakobausterlitz8102 why isn't it safe ?
sottong duck how i baught gold 400 bucks 1 oz ages ago now 2400 lets assume is 2000 bucks wont sell never ever @@jakobausterlitz8102
I stack both and Iove it, but at the end of the day water, food, and shelter is priceless God Bless you all stay safe out there please!!!🥰🥰🥰
Water and food and shelter have fuck all to do with gold and silver....
PS, which god exactly ?
@@pistooli1 Everything to do with it. Without water, food, and shelter, you don't really need gold and silver do you. Because you are unalive. It's like saying lead has nothing to do with food, shelter, silver, and gold. As for the God part, if you don't know. You might want to find out. Soon. You'll be better for it.
@@constitutionalright827 Water food and shelter are entirely different things than gold and silver. ...Physical gold and silver are what you get only when you have taken care of everything else .
There are no gods, never have been and never will be. : )
I don't understand why people are so worried about the price of silver in dollars, when the dollar is over 34 trillion in debt.
Our debt indicator used to be "the debt clock"... as of April 2024, this clock was "fixed to run slower". This means that our debt at this time is way beyond 35 trillion... now reaching 36 trillion (the real rate is one trillion every 100 days) !!!
They are worried for now. As of now we need dollars to buy stuff.
CORRECTION 35 TRILLION 8/7/2024
Good point
I gave you a "thumbs up" for your honesty and openness.
Initially when I started my stack, the idea of increasing my fiat holdings seemed appealing. But the community on youtube, plus just thinking long and hard made me realize that metals are a good place to be. I've been a scrapper/recycler for over a decade, so I knew that metals were valuable, and relatively volatile.
It was late 2022 when I hurt my back (all better now) that inflation headlines made the news. UA-cam was glut with all kinds of videos pertaining to stocks, inflation, etc.
In a way, I'm glad my back got hurt. Because it put me on a very good path.
Silver and Gold haven't become more valuable. They've always been valuable. The dollar is getting weaker and weaker. So naturally it takes more of them to convert. I won't sell my precious metals for any price now. But, it is an insurance policy. If I needed to, I'll be glad it's there.
Trading metal for metal is somewhat of interest though. For example if American silver eagle premiums exploded again, trading them for more ounces could be very appealing.
Thanks for your straightforward analysis on selling during runups! I've been stacking for 10 years now and I wondered how my LCS was going to survive a short term runup. Now I know.....just hang on a little longer and take a breath! Great channel!
Thanks for your honesty , the problem is there are a lot of coin and metal analysts that are getting rich off of skepticism. Good video .
Great information from you as usual! Thank you Scott for all of the education you provide to the PM community!
My pleasure!
I’m buying while most are selling. I only look at price to know how much garbage paper it takes to buy a once.when every is buying I’ll trade for farm land or lumber property
I was probably one of those commenters. I'd forgotten about your need to hold for a week, that does add a ton of complexity. But, seriously: HUGE props for the guts it took to say this. I've watched a lotta stacking vids before but this one was eye-opening to a new level - because you are really on the level. This could be the most important stacking video I've seen in like, ever.
Great honest take on the precious metal market and stacking in general. As a numismatist interested in rare coin collecting since childhood, I have also been stacking for several years now. My goal is to amass enough physical gold and silver to preserve my buying power and thus be able to maintain my current standard of living in the event of an economic panic or collapse and have a reserve to expand my wealth in opportunities not dependent on fiat money. I have used this period of rising gold and silver prices to rationalize my stack by liquidating items that command lower premiums, sell at substantial discounts to spot, or are otherwise hard to sell and replacing them with items that command higher premiums and are in greater demand and thus more readily sold. I see this as a reasonable approach to improving one's stack in a period of rising prices and I think many dealers would understand and be able to support this kind of activity.
The hold period makes it very risky. Hang in there. Thank you for the business insights. Keep on keeping on.
Aloha 🎉
Great video. I have asked this question on many other YT channels. If the price spikes or gets to all-time highs, who will/can buy it. And no one has ever responded... Thanks for your honesty.
This issue was addressed in the video. If you're buying precious metals now to trade for fiat when the price goes up, they you shouldn't be buying precious metals. You should become a commodities trader. Holding precious metals is like having an insurance policy against hyperinflation. Right now, the value of our fiat dollar is largely based on faith. Derivative trading to manipulate metals pricing is based on the stability of the economy. When those conditions cease to exist, precious metals, and other items of immediate, demonstrable value, will _become_ the money. It's not that their "price" went up. It's that the intrinsic worthlessness of the fiat dollar has been widely recognized and acknowledged. No one will be selling their precious metals for fiat, except perhaps on a very short term basis, to acquire another asset of stable, intrinsic value.
I flipped from silver to gold for that reason ,I can sell gold much faster and get my spot price / I had silver and dealers are brutal , not that easy to even get spot price sometimes
Mississippi, Florida.
This is last month, REAL TALK, Their getting flooded with silver, kinda sucks.
Thanks for keeping it 100% it is the TRUTH.
I like the truth - absolutely no BS! - All the best from the UK
Appreciate your perspective as a dealer. Depends on location, population density etc. I know a few large dealers in the LA area that buy/sell large quantities on a daily basis. It’s hard to say how things will be if there’s a large price increase. Especially in a short amount of time.
Glad you are able to get out of the shop and into fresh air.
The only thing i worry about the value of my PMs is how much of my profit will the criminal government steal when i cash it in to live one day.
You'll live by using the pm not cash
Zionist corrupt politicians
Thanks for clearing that up for me. I liked the video.
You are a great asset to the stacking community. You tell us the best information and keep us informed. Big thumbs up.
Also Scott this knowledge of yoursis highly valuable thank you
Appreciate your information. I am Australian and during recent price increases , a dealer from melbourne was smash with people selling for profit to the point that he pleased for people to ease up. (Payed out millions to sellers). A week later , almost all stock was sold and they were looking for more. My point is that these things move in cycles. Maybe your solution is to cap amounts that you can purchase from each customer until things improve?
I'd silver went to a 100 tomorrow I wouldn't sell an oz cause I know the paper game is ending fast! And I want mine for the collapse of the fiat!
Smart
Bitcoin
@@MrBowmanmt to poor to gamble🤣 but good luck!
You'll never see the collapse of the Fiat and your lifetime bro
@@Tim99-lg7kn you may be right but I will be able to fight of the werewolves! When they release them on us! 😄
I enjoy looking at these beautiful coins. I also admire the art of the old horse blankets! I know I'm not going to get rich off this stuff but I'll leave something special for my kids.
You re absolutely right sir
Precious metals are a good way to get rid of fiat, not accumulate more of it. Just like buying pew pews, ammunition, and emergency food and water stocks. Anyone in serious need of fiat should not accumulate metals.
Exactly
Right you are. I treat my stack of precious metals as savings account, one that is not subject to hyperinflation. Yes, the price is manipulated with derivatives in a relatively stable economy, but I'm not holding metals to use in a stable economy. In the meantime, I can sell some if needed for an unexpected emergency.
If some sellers say gold is going to the moon in price,why do they want to sell it..
Because these dealers have bills to pay.
@@celnaz correct,the problem with anything that is valuable,you have to manage it,not so with metals,you buy and hold,not like real estate,cause its never exposed,ever,it's last ditch money,last thing you do is cash in ,i sleep better knowing i'm liquid,constantly, gold or silver,there are buyers,cause everything else you want or need is hooked to the paper world,contracts and signatures,i left that world a long time ago
@@celnaz aka crooks
I 100% agree with everything you said.
I hear you sir. People seem to want to give an ignorant opinion on which they know next to nothing. I admire your tact, if I had made this video, I would have let it be known in no uncertain terms what end the crap comes out of the bull. On another note, my LCS has had so much silver offered up for sale he quit buying. Then he had a customer service idea. He has taken it as an opportunity to repay his loyal customers. He bought more silver ( I do not know how much) to sell to us at spot. I bought two 10 oz. bars for $31.00 per oz. and appreciate his efforts.
Regular purchases, doing cost averaging over long term is the way to go.
I shared this event on another channel. I will say it here too. I watched a woman sell four rolls of American Silver Eagles 2013, in mint tube to a pawn shop for face value. That is $80.00. The woman was upset and wanted more money. But the pawn shop held firm noting that the face value was clearly on the coins. That they were not antique coins either. They paid her four paper twenties, for the 80 ounces of silver and she left. 😮
@@davidboyd4026 that coin shop was a scam
And why did you stand there and let that happen?
@@terrystroble8657 I wasn’t sure how to interrupt 😞
@@davidboyd4026unbelievable, that a man could stand by and let someone take avantage of another person. You davidboyd4026 are a coward.
@@davidboyd4026 You say I'll give you 200 for it right now. Or do the right thing and send her to the coin shop.
Stack silver is not for sale, it's for barter trade, "selling" silver for fiat currency doesn't make sense.
How does too much silver come in too quick, when you don't have to buy it?
How can having to wait a week to turn the silver a problem when you don't have to buy it?
Shops buy under spot and sell at the higher premiums. I can hear it now, "we can't take more silver, that's why our cash price is so low".
What happens when the fiat dollar is worth nothing, how is a shop going to buy silver then?
After WWII estates in Germany were going for 75 ounces, there was no currency.
I'm a new stacker, almost 2 years to the day since my first purchase.
On one occasion I sold a couple of pieces because I had an unexpected expense but I replaced what I sold a week later.
Other than that I've just bought over those 2 years on a regular basis, and the only reason I check spot price is to potentially pick up a bargain in the dips.
From day one my intention was to stack for barter/exchange and not to sell, and nothing has changed since then.
I agree sir
But I am wanted someday to
Have some 4 or 10 fold for collecting the great white metal
I know in my heart what it's worth is now
Realistic comment from an experienced dealer ..thx
Interesting Point/s! I always thought my LCS they could sell same day they bought.
Haven't paid any attention to the fiat currency value of my metals in damn near 15 years... I'll admit that occasionally I do look up the current price vs what I paid way back when and I do get a lil smirk though 😎
If you have a problem selling a high value high demand product you are doing something wrong. If you are trying to sell on short notice then expect to pay for that short notice. One thing I can say is not speculation is we are in a moment of saturation inflation hasn't hit yet the money supply has 20x in less than 4 years over the past 150 years. On top of that we have 7.3 Trillion coming back into circulation form the petro dollar in the coming years. When people realize that you won't have inventory to sell it will happen fast. I look at facts and what took place in the past with other countries we are no different.
Great vid!!!
Gold is up x10 and silver is up x 6 since I started stacking. I’m happy with the performance
I've been stacking since November 2023 and don't plan on selling it for at least 10 years, so I agree with what your saying
Since 2003, I've not sold any and it gives me great security and peace of mind.
Appreciate your honesty.
thanks for not spreading fear like most.
Good stuff, no nonsense. New subscriber here.
Thanks for subbing
I started buying platinum, silver, and gold in 2022 because I want assets outside of the system, and I was far more likely to save if I had something tangible. I read and watched videos about finance and bullion every day. I made some mistakes, but I developed a gut feeling for when to buy. I sold some gold for a good profit when I needed new siding and other stuff for the house.
Agreed on the bartering concept; but bartering seems clumsy at best. Especially for large transactions. To do that, both seller and recipient would need to agree on a price which can be convoluted.
Thank you Scott a fine video here regarding reality check
Good judgment is a must I’m sorry inflation is higher than they tell us Gold and Silver is real money insurance for the future
Long term stacker here..gonna cash in a little now to buy a house..It has always been my safe haven.
Thank you for telling the truth!
Good info, i hope we all head your knowledge. 👍
Thanks for the good stuff. An example for a high rise in short time would be helpful for me.
Great video. How hard would it be to barter and use physical gold or silver directly in the future aquire Real estate etc.
it seems the hardest part is using it or cashing it in down the line
Do you see this being an issue?
Interesting video - good to hear experienced dealer viewpoint & commentary. Thanks for posting! 👍
Glad you enjoyed it!
Great perspective
I plan to keep accumulating both metals and when the time comes I can take a collateral loan to buy deeply discounted real estate and stocks if that crash happens. The wealthy do this and never get rid of their assets and don't create capital gains.👑
I’m with you
That's why I started stacking to use for my future estate.
The hold periods are WEIRD to me. Here in TX, the State only says if there's a local ordinance for a hold period, it CAN'T be for more than 20-days. My friend owns the LCS in my town and told me that our county has no hold period. He said that some of the bigger cities like Houston do, but that 80%+ of the other areas don't. I didn't even stop to think about what the purpose would be but I gather it's related to theft (Texas has a lot of similar laws for Pawn shops as they do Precious Metal dealers). Eye-opening; didn't really stop to think about how that impacts dealers in other states. Made some great points.
What is it I heard?
Fiat currencies are just paper and only have an avg lifespan of 75-100 yrs.
Tic tic tic tic …
My plan is to sell a little in retirement. And pass down anything left to my kids. Which should set them up for life.
Same here. It’s to help with my retirement. 👍
Man plans, God laughs
Great wisdom and honesty. So many people talk out of an orifice not intended for talking.
I stack for privacy so that the regime does not know what money I actually hold. They can check my bank accounts and hey, I'm pretty poor. When I retire if I need or want to spend my hard money, then I can and will do that. But I learned my lesson with BTC and yes, if you get hung-up on the day to day metal price you will be in for a an emotional roller-coaster. Never buy unless you can afford to lose that money.
Silver in my opinion is undervalued! I've been stacking for 18 years and no plans to stop!
Woooooh very informative thank you
Another angle to consider mmmmm
Long term investment is the main option in my thoughts
100% TRUTH!!!
Thanks for being honest.
One reason I stack slightly damaged Morgan's is the Coin Shop is not required to file a police scrap metal report on US Coins.
I think
you're My channel 👍👍👍👍👍 I'm done stacking. When the NEED to sell comes. I will sell to a new stacker for spot, & not cry about selling it.
You won't have a problem selling it. I would love to get it
@@toddkaufman5990 thank you, keep an eye on craigslist 🤟
Stacking is long term... I learned. Took me years of practice to get used to that idea and ebb and flow of PMs
Thanks for the videos, good stuff!
This is why I’m not anymore silver. Selling it becomes hard if the price shoots up fast
to me, selling it isn't the issue. i look at it as a point that- if fiat fails, and no one has $ (fiat) i/you will have precious metals for payment, barter, $, etc... trading it back for fiat plays against why i want to keep the silver in the first place. stacking is so i have $ capability when fiat means nothing. it's never been about selling silver for more useless fiat. maybe i misunderstood your comment, but it seems like you are buying to one day ''sell'' it back. imo- you buy it so you have money that fiat can't compete against. (especially if shtf)
I buy physical silver to hold while also trade paper silver to make a few dollars to buy more silver.
Silver is a long term play, gold is the go to for immediate cash needs. Everyone should be scared of inflation.
Good info. Was wondering what that thing is below your nose? 😊
Well said sir
I am faithful stacker each week + I an in this for the Long Haul & for my retirement or leave some to my Children future. Also looking at the Silver & Gold Ratio in the future!!! Or also Silver melt Value in the Future & Not in hurry to get rid of my Silver Staks!!! 🥈🥇🥈
That is awesome!
I agree with this video.
Thanks this been needed for long time tired of all these stacking channels pumping up PM just tell the dam truth and let it go where it goes
yes it is a 5 - 10 year investment - i'm doing it for my Son
I love your channel 🤩 your honest comments and clear view on everything. Unfortunately your shop is too far for mee (Dutch 😅) But keep on going the good work! And who says women don’t like to stack 😍 I stack and hold on to it as long as I need to 🎉 thank you for all the information 🙏
Thank you!
You stack silver for one reason…
Preserving wealth when The SHTF !
It’s also a great force multiplier too !
Interesting. I wonder how the metals futures markets work in a mobile inflationary economy then. How do mines who sell (and they only sell, no buying) their bullion on futures contracts secure those transactions (if the buyers are going to be futures sensitive on price) because the mines are selling on a schedule, not based upon the market pricing.
Send and bring them all these ...Silver (99.9 purity and higher) and Gold (99.5 purity and higher) to Dubai /UAE, as well as to Switzerland. There is no quantity restriction, (even in Metric ton) nor any import tax. Only need to show proof of ownership to Customs and make a routine declaration. There are a number of refiners esp. for Gold based in Dubai and in Switzerland will buy all your Silver and Gold. So, just don't think only of USA ... but GLOBALLY. Also, the island country of Singapore, in South-East-Asia, has the same friendly import & tax regulations, on 999.9 Silver and 99.5 Gold Bullion and Coins. Importantly to take note, Gold Eagle & Gold Krugerrand (91.67% Purity) and Constitutional Silver (90.0% Purity) would not qualify for such tax free import and duties exemptions, in all these countries.
Good information, agreed.
Thanks for watching!
No buying scenario was reality at my local coin shop in Florida ✌️
he's going for that mustache
Metal is wealth preservative. Not an income multiplier.
Truth is always the best, even if it hurts.
I used to go hard but since silvers gone over $25 I’ve slowed down. I have sold at times when I needed a bill paid . But I got my shit together now . I don’t really touch my stack anymore unless I’m adding to it. It’s there and I don’t really think about it . I used to watch the price everyday but not anymore. Just check here and there to buy dips. Plan to add a few quarter ozs of gold.
Selling some shares in my IRA stock mutual/index funds during the highs produced all of the cash I need on top of my fixed income for the next 10 ten years.
I've never bought metals and never will.
Is it true that you have to pay taxes on it when the individual (person) buys it, or sells it?
How do you avoid that?
Can coins be melted down to ingots?
If shtf happens you have options. If not you will atleast "save" a bit on inflation, which means lose less than holding cash. Assuming you can hold long enough and are able to find good dealer at your time of need. Buy food and water and other neccessities first, and then metals IF you can afford to hold them long term.
Since 2020, they seemed to have been a Massive Push of gold & silver & those in the Business of Selling to retail might have done very well in these last few year's.
Great video. Im slowly selling some of my metals. Its illiquid where I am.