Silver and Gold Buying Trends | The Exchange Podcast | EP. 31
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- Опубліковано 21 чер 2024
- Silver and Gold Buying Trends | The Exchange Podcast | EP. 31 discusses the recent trends both Andrew and Matt are seeing when it comes to retail and wholesale buying and selling in the precious metals markets. When it comes to the current silver and gold spot price, people have been changing the items they have been buying due to the high prices. In this video, we discuss the types of silver and gold we see people buying and what types of metals people should be staying away from.
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#silver #preciousmetals #gold
Yes We want to see Andrew “The Pitbull”
Making Gold and Silver Transactions!
The pitbull 😂
I agree that 1/2 ounce gold is the least popular fractional, but that's what I'm currently stacking. 13 more to complete a tube, then off to another goal. I'm stacking one every month, sometimes 2.
Switched to 90% silver for a while now. Its sovereign and reasonable premium at times. Maybe less tax implications in the future? Buffalos and eagles. Just keep stacking and learning.
I’m buying buffaloes and eagles from Costco using my 4% cash back, getting gold at spot or below
I like to have a 70% to 30% ratio Gold to Silver. I have 1/10th oz, 1/4oz, 1oz coins, but I do have 1-(1/2 oz coin) because of a great deal. Just bought 2 Pre-33 $10 Liberty Coins, because premium was 2.5%. I stack and collect for a fun way to have additional savings.
Fractional gold is so much easier to resell back into the secondary market and you get the premium back. 1g, 1/10 always go fast. 5g, 10g, quarter oz. are ok. Agree on half oz.
In assay is always better for bars too.
had to sell 100oz silver bar recently to pay some bills. It was painfully slow to sell and went under spot. I would still stick with generics 1 oz. rounds silver and bars as well as 5,10 oz. bars. preferrably JM or Englehart, RCM if no extra premium on them.
At the end of the day I buy what I can bay at or below scrap prices (not melt) which is gold jewelry and sterling. Easiest to liquidate with least loss as you can always scrap them.
Just picked up a 1/10th oz Gold Eagle for $244, pretty good considering current prices.
I keep telling myself I should get a 1/2 ounce gold and I never have. It's either 1/4 or full ounce. The only exception recently has been Kookaburras. For silver it's either bars or 90% recently.
I bought some silver from my local pawnshop for around 35 an ounce
On the charts silver had a double top and gold had a head and shoulders. These are patterns consistent with lower prices and a small downturn.
Got done with my American Silver Eagle monster box! I’m
Moving on to Australian kookaburra monster box! It’s so addicting!
People seem to be gravitating towards the lower premium items recently. Seems the sand is shifting beneath our feet. We went from crazy high premiums during the Silver squeeze down to near nothing when spots dropped. To now, where under melt isn't unheard of. So it's understandable that stackers want to get items as close to or under spot. Paying $50 - $100 over spot for an Eagle or Buffalo, only to see spot drop again and premiums get decimated, would kinda suck.
VT247
I have most of my weight in halves. I have all the sizes, but I feel like 1/2 oz is the sweet spot for excitement to price. Plus ive gotten several near spot deals on 1/2 oz gold,
I got a silver eagle for 31, and i picked up a 250 gram silver Geiger bar 🍻🎉🎉🎉🇺🇸🙏
Excellent idea ,would love to see how the transactions go.
Enjoy pawn shop vids just to see the transactions!
Great series !
How does a collector make the jump into becoming a dealer, buying from wholesale and selling to the public?
Great question, I’ll make an update video on this.
I like full 1 oz gold coins…but I can afford 1/10 oz gold coins and dos pesos gold coins
I bought 10oz silver bars and ASEs until silver got over $28. Now I'm sitting silver out until I figure out if $30 is the new floor (which my intuition tells me it likely is). In the meantime, I'm stacking fractional gold AGEs. I only buy American Eagles because they are literally the coin of the realm.
Gold is by far the better buy, much lower premium percentage. Paying 15-20% premiums on silver is just bad investing.
Great video Matt and Andrew have a great weekend 😃
Thanks! You too!
I look at what is on sale during spot dips … Have all kinds of different silver items … Same with the gold … Have a decent amount of Britannia gold items due to sale finds … Mixed in with all of that are some expensive pieces that I just wanted to have …🌎🗿™️
Still trying to get 1/4 every other month. Excellent show guys!! Very interesting topic. Great job !!
1/4 gold every other month is great!
Thanks Matt. I try to anyways. I have 3 kids and a 8 year old granddaughter I'm hoping to leave them something. TY
I’ve buying 10oz silver bars and been thinking about buying fractional gold but don’t know which one to buy I just don’t have the money to buy a full oz! Thanks
I like low premium, low spread metals, so I have a lot of generic rounds and bars. If I find a good deal, I'll pick up some maples, eagles, or 90%. I did get some dimes recently at 21x when melt was about 21.2x.
Keep stacking and buy the dips
I'm into mostly sovereign silver coins and 5 Oz bars. I'm most interested in that stuff. I have a few collectors type of items but always open to whatever catches my eye. I don't have any generic silver rounds like buffalos - they just don't interest me.
Great video guys!
FB3
Fractionals have higher premiums then whole or multi-ounce. I like literal British Sovereigns for gold when buying fractional gold, low premiums and close enough to 1/4 oz. Silver rounds or 1 oz bars have the lowest premiums so that’s a buy. For Government Backed Silver, I’m liking Kangaroos right now.
I need coin and hair product advice from this guy 😅
Deal! I got you! Lol
Same here on the hair products. Matt, you got me big time on the hair but I got your daddy on the beard. Guess I could try a comb over...LOL
Lol. I was trying to respond to some1 talking about hitting 200K of something. And now i cant find it, cause i was curious about 200K what? But now i understand why it's gone from the comments. THIS IS A GOLD/SILVER page. Thanks for staying on top of it. STACKON.
Those are usually bots. I blasted em.
FYI you too if the US mint was stopped playing effing games and actually just make eagles for demand they wouldn't have a premium spike
And seriously guys one ounce gold cost a lot of currency The gold is the money
Ahhh yes, I was buying Buffalo's and Eagles but now Maples and Kangaroo's 😔
No shame in stacking for the weight .
@@user-yf4gx4rf8h I live in Eastern Canada and the Kangaroos are expensive.
Beard looks good, stormy don't shave buy buy buy
I think Matt should just go ahead and go for the Krugerrand neck beard😂
Lmao!
@@EmpirePreciousMetals😆
Will the numismatic hobby go the same way as stamps and beanie babies?
I don’t think so, because numismatics have actual precious metal content. Stamps are paper. Beanie babies are stuffed animals. I can’t think of any other hobby like it.
First... Good Vid. YES want to see that crap.....LOL
RIP beard 😢
Lmao
I’ll do a video with out my face . 👍🏾
👍🪙😉
👍👍😁👍👍
We don’t need a 1/2 hour lesson on release law
Huh?
@@EmpirePreciousMetals swinn848 is probably complaining about you explaining the video release form, but that was like 2 seconds, so not sure why the fuss.
Less Amish and more a Mennonite, Matt.
Lmao
@@EmpirePreciousMetals Full disclosure. I stole that line from Band of Brothers.
99% of my gold has been pre 33.semi numistatics.silver,a few bars and a few s eagles.
Junk silver
Will the numismatic hobby go the same way as stamps and beanie babies?