Florida Coin Shop Owner & Gold Dealer Answer's Viewer's Questions | Silver Too High?! |

Florida Coin Shop Owner & Gold Dealer Answer's Viewer's Questions | Silver Too High?! | #Trending
Serving central Florida for over 8 years, Vermillion Enterprises is Spring Hill, Florida's premier coin shop and gold dealer. Always buying and always selling coins and precious metals like silver, gold, platinum, palladium, and rhodium.
Give Vermillion Enterprises a call at:
[phone]
Visit our Spring Hill coin shop, located at:
5324 Spring Hill Drive
Spring Hill, Florida 34606
Monday - Friday: 9AM - 4PM EST
Saturday: 9AM - 2PM EST
Sunday: Closed
To learn more about Vermillion Enterprises visit our website at:
vermillion-ent...
Shop our new online coin shop at:
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Payment Via Cash, Check, Wire, Zelle.
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[@vermillionenterprises]

What say you?

[@buyystocks]

$26-$28 this summer.

[@unknown1_420]

Well done, good Sir's

[@Abraham.Lincoln22]

Aloha fellas. Enjoy the day. 🇺🇸

[@silvertrek357]

I should have gone with my gut and sold yesterday. But then it probably would have gone up.😅

[@buyystocks]

@@silvertrek357 last Friday . I just happen to sell 6/10 ounce bars for 330 each. If I could just get them back at 28.12 😂 Happens to all of us when you’ve been doing this long enough. Good luck by the Dips. Only been over $30.03 times and the other two it retraced huge.

[@btcbob11392]

In this day and age it is amazing to find someone like this who will tell you the honest truth about what's going on and his insight as to why. I've purchased from Vermillon a few times over that last couple of years and always got a better price than anyone anywhere.

[@vermillionenterprises]

thank you for watching, we greatly appreciate it

[@scotttousey227]

​@vermillionenterprises good show we like your anylis I'm glad I live abiut 20 miles I was there yesterday I wish I sold a little last week but I kniw it's gina change alot from day to day and week to week I watch other channels there's alot of talk where metals are going I think this summer it will even out over 30 for silver our fake money is close to useless these days metal has to go up

[@susankerr9521]

I'm educating my adult daughter about precious metals, mostly 90% silver. I sent her here for "boot camp." I knew that she would get unbiased information. I've been stacking for a few years now, and I always learn something new from Brian's videos.

[@JuanPerez-ys9ys]

Thanks for everything you doing guys you are the best 👍

[@vermillionenterprises]

Thank you sir for watching

[@JeffY337]

Your insights on the precious metals markets are invaluable. I really appreciate them. You have the best channel of this type on KZbin!

[@LocalCoinReview]

Hey Tim when are you going to be in the videos?

[@Johnsmith46392]

Good luck I’ve been asking for years!

[@buyystocks]

@@Johnsmith46392 we want tim

[@T3TerTerTer]

Tim, we got you. Just need a premiums video to know where we are... BIN are OK, but pricey/fancy. Very nice, but going bare bones now. Just looking at constitutional and 1oz rounds, maybe 10 oz bars. This video was good, thanks for the business outlook.

[@hauraw1313]

The reason people follow the gold and silver ratio is because we know that the manipulation is so deep yet will come to an end soon with the great exposing of Jamie dimon and the comics and all of the silver rigging. We are investing for the day that silver rigging and manipulation is ended

[@thomascrompton7775]

So its true he is honest silver is too high. So to all those that said I'm holding forever. That's a good idea leave it to kids who can sell it at 16 dollars instead of you selling at 30. Makes total sense to me. In fact gold also. Haha😂

[@jasonandjulim4163]

The GSR is a fools errand like you said Brian. But the G+P/S+P ratio can be a homerun if you are able to a pay attention to where premiums are. Maybe you can explain it better thanI can here. but the formula is Gold + premium / Silver + premium. Last year when ASE premiums were stupid high, I was able to roll those into a good bit more gold than what the standard GSR would have done. I think the GSR was around 80ish but the ASE to Gold ratio was about 45.

[@jamesitsines6890]

lol I call it the enhanced GSR with premium play. I 100% agree!

[@jeffo.31]

silver eagle premiums too high!!!

[@don951]

Thanks! I always enjoy the Q&A's. Cheers!

[@dang6684]

You are assuming silver will be under 25 and you also assume you can get it.

[@vermillionenterprises]

no problems getting it less than 3 months ago when it was less than $25, no problems getting it when it dropped to $12 per ozt at the beginning of covid,plenty out there

[@dang6684]

We know your not a believer

[@greenman5255]

Silver too high? Not today it isn't!

[@PoorMansInvesting]

I think it is, kinda explains the price action.

[@SkywalkerPMs]

Is the tape you use on the shipped boxes the same used on the exterior of the Space Shuttle for safe reentry? 😂

[@vermillionenterprises]

Elon sold me some surplus...Just joking...LOL

[@HialeahRefugee]

Thanks for the info..

[@vermillionenterprises]

Thank you for watching

[@seeker4205]

You're saying silver under 25 like it's a given... when silver runs it could melt faces

[@DaringDoberman-hd6lu]

Good horse sense vedio thank you good to see a shop with both feet on the ground. Been stacking since 2017 and know the drill buy low and hold. Sold my 2018 silver recently and paid cash for major plumbing upgrade man it was nice to get $30.00 an ounce for silver I paid $18 -19.00 for. Factor in inflation and that silver deal was not $10 oz. profit more like $4.00 but i didnt have to borrow at 11% interest from bank. Still have a little and still buying one 10 oz. bar a month but lets face it cash and real estate still are king.

[@vermillionenterprises]

perfect, that is exactly what storing/stacking PMs is for, not a lottery ticket

[@INTERNETVID]

Sound like you did well there. I agree with one caveat. I consider cash king only when it can either generate 5% or more in safe vehicles such as treasuries or bank CD's, and/or in keeping the powder dry to deploy if/when other asset values like real estate opportunistically drop.

[@PoorMansInvesting]

I couldn't even sell my platinum at the greater Jacksonville coin show this weekend, offloaded some some silver for numismatics

[@JJuniverse1111]

Was there also , enjoyed the discussions with the dealers

[@PoorMansInvesting]

@@JJuniverse1111 I was kinda pressed for time, really wanted to get some opinions on the 500 ounces of Silver in a Tomahawk Missile myth.

[@brendenfuller8005]

Why do you think it's a myth lmfao

[@PoorMansInvesting]

@@brendenfuller8005 because I've actually researched it as opposed to listening to a KZbinr. I made a video on it too.

[@robertPharry777]

​@@PoorMansInvesting...A Massive SILVER BULLET!!!

[@hmquan]

I enjoy your BIN videos, sorry yesterday’s BIN didn’t do well. There were so many graded silver coins for sale that I didn’t know much about to even attempt to buy. I’m just a simple silver/gold buyer, not even a stacker in a sense of the definition. A true coin collector would know if it was a great deal, or just to complete a collection. Your BIN had a lot of great graded silver eagles in sequential years, but some were tarnished because how it is. If I had more resources, I always buy your BIN 90%, pre1933 gold, 1oz,5oz,10oz silver, ase because you offer good prices. Thank you for your hard work.

[@boodgiek8146]

Silver is way too low buy buy buy before the dollar collapses.

[@coloreye7963]

I was typing when you answered my question at the very end of the episode…I was curious as to how the buy it now went yesterday. Do the “stacker” buy it now’s not do better than the “collector” buy it now’s?

[@erickisel8668]

@Vermillion Enterprises: Junk silver premiums?

[@vermillionenterprises]

spot + $1 per ozt

[@rolandocastaneda4429]

I'm horrible with making money off silver unless I find it in bank rolls or buy it cheap(under spot). That's almost impossible to do now. I think I am just left with buying it as a savings hedge or for some crazy apocalyptic day when people will buy a loaf of bread for a silver quarter.

[@72cmcinc]

Good to hear from you guys, have a great week!

[@jerrywalden7131]

Great comment on the GSR.......... I have often thought the same......

[@davidf3883]

Your in a tough tough busines Brain and Tim. I would like to order from you but I only do checks and it would take a month from writing the check to getting product to me in WI. That's just too long, and I understand why you hold for 2 weeks. I think your prices are great and I watch every update that you put out. Best wishes guys!

[@kevink6420]

No different than any other dealer that takes a paper check and waits for it to clear.

[@INTERNETVID]

Your personal decision of course. I customarily use Zelle but if checks were my preference I'd wait the 4 weeks if the price was favorable enough. But again that's just me.

[@leematthews-qk5qp]

It’s a lot faster than you think.

[@jonodunn2592]

Checks? Is this 1980

[@kevink6420]

@@jonodunn2592 Yet checks never have a limit...unlike most Zelle accounts

[@michaelbradberry7260]

Thanks for the videos bro are you’ll still selling silver at spot rounds bars thanks

[@medhead964]

I've been casually noticing a trend that whenever the USD index drops, metals tend to go up and vice versa. It's not every time, but whenever I see a major shift in metals, I look at the USD index and more often than not it shifts in the opposite direction. If you have any information on this, maybe you can answer that in another video or explain the correlation? Today for instance, at the time I'm typing this silver is down 87 cents and gold is down almost $20, but the USD index is up 24 cents which is significant based on trends. Thanks for all you do.

[@jasonandjulim4163]

The general rule of thumb is that G & S compete with the $$. If the $ goes up Gold and silver go down, and the opposite. $ goes down silver and gold go up. Overtime the $ will always go down because that is how it it designed.

[@IMDunn-oy9cd]

Is sales tax required on foreign gold purchases over $500?

[@willweed6168]

No

[@ddprepper5227]

Silver prices cheap right now back up the truck it's on sale and I am still stacking

[@MM-cp4mi]

Seems like people dont have money for non essentials

[@jamesitsines6890]

It’s not so much the GSR it’s how much silver I bought at a dip (not price) I can trade for gold that has been staying fairly high. So for example last week if I traded 78 oz silver that I had ($25x78) $1950 out of pocket for a ounce of gold selling for $2450 seems like a good deal to me ;)

[@aksilver907]

i would buy one of your matts to put on my desk lol bet you get asked that all the time

[@vermillionenterprises]

LOL...i appreciate it

[@BillGuyHawaii]

Industry insights are always very interesting. Thank you for your time. Good job. TCB.

[@INTERNETVID]

Jamie is again lightly tapping the '

[@turyzorrilla4478]

What if it doesn't go to $25 an ounce . You wont buy from whole sellers again. Just what comes thru the door 😊

[@RudyHermes]

Good job thank you

[@vermillionenterprises]

Thank you for watching

[@davidcruger2237]

Wow the buy it now was a loser???? I watched it and thought you had GREAT deals....I was on lot #1 but as your video said it won't last long and Yep gone. Great job, I have you on subscribe and bell notifications. While I have not order from you yet, your price points are "Spot" on. Yes pun intended.. Keep up the great videos

[@buyystocks]

the buffalo was a great deal but most people are low on funds.

[@vermillionenterprises]

@@buyystocks #facts

[@6handicap604]

I completely understand your position on reporting transactions over $10,000.00. But the question I have concerns trades. If a person traded $15,000.00 worth of silver for $15,000.00 worth of gold, would that be a reportable event? Thanks for your time and informative videos.

[@charleswilson6789]

Nice haircut Brian

[@galvaautovued.i.8460]

Silver did your key buys a bad taste...but thank you, nonetheless!

[@SkywalkerPMs]

$25 is a good number.

[@steveedington5231]

you guys rock thank you for the videos

[@JuanRodriguez-km9hl]

Great show guys 🎉

[@jbgant8513]

Excellent as always.

[@gravyace]

“once it dips back below $25”… who’s gonna tell him?

[@vermillionenterprises]

tell me what?

[@markpoplin2615]

Always buying, always selling!

[@rickyshouseofcrap8600]

silver will not go below $25 oz. again those days are over with maybe $27

[@vermillionenterprises]

it was less than $25 3 months ago, could easily return

[@rickyshouseofcrap8600]

ok we will see and if the spot price does get that low the premiums will go up any way so it want matter

[@btcbob11392]

Never say never, no one can predict the future

[@vermillionenterprises]

@@rickyshouseofcrap8600 premiums already on the rise

[@INTERNETVID]

@@rickyshouseofcrap8600 True overall. But in addition, I think you'll find that once spot does drop further and appears to stabilize, premiums tend to adjust back down accordingly. I believe largely due to competitive factors. For example, I remember when spot dipped below $25, Brian was offering ASE's with incredibly favorable premiums, and not just for one or two days. Maybe past is prologue. I hope.

[@markpoplin2615]

Mr Brian do you have gold buffalos in the shop?

[@Nikotromus]

Jamie Diamond is an employee of JP Morgan Chase Bank. The original owner of JP Morgan Bank was JP Morgan, and the original owner of Chase Manhatten bank was the Rockafellers. Of course they still own the banks today. Both are believed to be original partial owner of the Federal Reserve Corporation. So if Jamie Diamond is just an employee of the owners of the Federal Reserve Corporation, in my mind I just hear "The Federal Reserve Corporation" when I hear the name of their employee, Jamie Diamond.