Florida Coin Shop Silver & Gold Premiums | Silver Demand Remains DEAD | Viewers' Questions Answered

[@nohandledude]

It's interesting that you're the only channel that I've come across which is publicly acknowledging a severe slow down in retail bullion sales. Kudos to you!

[@vermillionenterprises]

we definitely appreciate the comment...thank you for watching

[@Meow_Ag47]

Its just the season people are buying gifts and other stuff. Selling to buy christmas gifts, paying off debt before the new year etc... doesnt mean the market is in severe decline.

[@ToddGavin-dp6bk]

@@Meow_Ag47 AGREE.

[@barry1705]

Toys and Taxes in December. Every year. O well!😅

[@Ken-o7j]

LOL, tell that to my LCS. Was lucky enough to go two days in a row with both days being packed. I talked to the owner and he said business has been great. LOTS of new buyers and a lot of new inventory due to people selling to buy presents. People are hurting, that's why you're seeing a lot more selling this time of the year. But I have never seen and talked to so many buyers in his shop.

[@mattmadden3716]

When the public is largely ignoring an undervalued asset, that’s when you want to be loading up. When silver/gold is in the news everyday is not the time to buy, that’s when the dumb money buys.

[@hals5862]

Thanks for the honest perspective...

[@vermillionenterprises]

Thank you for watching

[@billnaha15]

Happy Anniversary

[@vermillionenterprises]

THank you for watching, we appreciate it

[@rickbloodworth7068]

Great comments today - I do appreciate your common sense approach and believe that all investors would benefit from this point of view. One thing a lot of people are missing is that prices are up because commercial demand is up. Retail is a much smaller percentage so even when retail demand is low, the commercials will still move the price, thus the high price during a drastically low retail demand portion of the cycle. Stackers should look at this as beneficial because it has an odd way of allowing them to sell high and buy low.

[@edwardsawtell5712]

Thanks for the updates!

[@vermillionenterprises]

Thank you for watching

[@kevink6420]

People forget that only like a year ago there was a 90% shortage and people were going insane trying to find large quantities. It goes in waves remember. A little bit of economic uncertainty, world events can get people reaching deep in their pockets again.

[@vermillionenterprises]

things could definitely get cranking again

[@JohnT83z]

Cull silver dollars and silver eagles had huge premiums too. It would be smart to cash out those types of silver when premiums get up to 2x or 3x normal and get more generic .999 for the same money.

[@vermillionenterprises]

@@JohnT83z absolutetly

[@raymondneil7870]

I’m looking forward to Jan 25 when you’re able to ship product. I recently signed up on Zelle to start buying.

[@vermillionenterprises]

nice

[@TheQuickSilver101]

I appreciate the candor. Thanks, guy

[@vermillionenterprises]

Thank you for watching

[@tommulroy2534]

Alas Babylon was a pretty good post apocalyptic book I ever read in 1967. It was in Florida too.

[@vermillionenterprises]

will have to check it out

[@ah5836]

I think the big lesson is that physical bullion market has very limited impact on the paper market which drives the spot price. Past couple years when premiums would shoot high I always thought it was a definite sign that the paper market inevitably should be moving up too to match. Never happened. Conversely, there is no guarantee that when physical market sinks we're not seeing a cratering of spot price.

[@vermillionenterprises]

correct

[@davebatterberry161]

Love your vids, esp all your pricing info. Thanks!!!

[@vermillionenterprises]

thank you for watching

[@StrongStacker1]

Dealers who are Melting 90% Constitutional Silver is so Sad! Literally destroying history

[@vermillionenterprises]

History does not keep the lights turned on or employees paid

[@1R3VOLUTION]

@@vermillionenterprisesexactly just like atta boys or good jobs at work 😂

[@vermillionenterprises]

@@1R3VOLUTION #facts

[@Darrin-h9f]

surely someone would buy them to keep rather than melt but I'm guessing trying to find that buyer would take too long, hence the dealer would incur a loss

[@chrisdowns422]

I like the new fancy price tags

[@vermillionenterprises]

thank you for watching

[@vermillionenterprises]

Come on by the shop.

[@baseball373]

I visited the store the other day.. Great Service!! Great Inventory!! Will be Back!!!

[@vermillionenterprises]

@@baseball373 Thank you we appreciate it

[@goldensilver793]

Would love to come by the shop. It's cold here in central, IL...

[@vermillionenterprises]

@@goldensilver793 do not miss the winters that is for sure

[@nohandledude]

I would definitely drop by and shop if I were local.

[@bobsilver3983]

The silver I buy is 1970's art bars, its my addiction.

[@elizabethjones4424]

This female stacker appreciates you not assuming we're all male. Many pm channels do. 😀

[@vermillionenterprises]

yes....the number of female customers has really exploded over the last 2 years for sure, we definitely appreciate it also

[@chaicharin]

I've been on my three adult daughters to stack metals versus clothes and makeup

[@vermillionenterprises]

@@chaicharin good luck

[@basementjackal]

On your junk silver can you specify what you get. Ie quarters?

[@btcbob11392]

If you don't have enough cash to pay your reoccurring bills like property tax and insurance maybe you should rethink your finances, The bills that Rick mentions are not surprise unexpected expenses' that suddenly pop up. Having to sell your investments is a sure sign that things are not going well and you should refocus on your spending and budget.

[@vermillionenterprises]

#truth

[@silver-en7kl]

Good suggestion, I will stop eating right away.

[@vermillionenterprises]

@@silver-en7kl LOL...#hungerstrike

[@btcbob11392]

@@silver-en7kl If you have to sell your precious metal to eat than I truly feel sorry for you.

[@Cougelly1999]

Shocking lack of foresight, and yet there's comedians in every group.

[@IMDunn-oy9cd]

They can have my garage sale profits when they take it from my cold, dead hands!!! (shakes fist in air)

[@vermillionenterprises]

LOL...love it

[@ShakeyJake117]

I like how your phone prefix is 14k gold .585 😊

[@vermillionenterprises]

LOl...nice

[@Darrin-h9f]

I learned more listening to this video about how metal changes hands than anything in the past. ty. Sad in a way to hear demand is low being a silverbug. I suspect a lot of that silver that gets melted down is heading east. Wealth is leaving the USA.

[@ct87gn25]

May be at THIS shop demand is low. NOT at all my LCS's, LOL.

[@Darrin-h9f]

@@ct87gn25 Yeah, n = 1 is not a very robust statistic 😂

[@moriorinvictus]

Good stuff. Would love to know the origin story of Vermillion enterprises.

[@vermillionenterprises]

nothing of note, just a building came up for sale i bought it and started buying scrap

[@susankerr9521]

Tim wins the Internet today for mentioning Peter Drucker.

[@vermillionenterprises]

LOL...agreed!

[@72cmcinc]

Appreciate you guys, thanks!

[@marcl7612]

Is the sell off of PM’s a geographical to Florida thing…or is it pretty much most states? Congratulations on your anniversary!🎉 many more!

[@vermillionenterprises]

wholesalers/refineries are national and they are burning, so i have to assume it is national

[@JohnT83z]

There are some regional differences. Florida and Arizona have a high proportion of retirees that are more likely to sell off assets. Also as Brian said the SE has a lot of weather related expenses for damage and higher insurance rates. Some areas of the country have been seeing more buying like some youtube silver channels in Oregon and Missouri

[@AndrewTowse]

I wish you shipped to Canada with silver at spot.

[@vermillionenterprises]

unfortunately will do not ship outside of US

[@jamesitsines6890]

Well if you become the 51 state that may be a option ;)

[@vermillionenterprises]

@@jamesitsines6890 LOL...might happen

[@chaicharin]

Canada post still on strike

[@vermillionenterprises]

@@chaicharin crazy

[@rjsledz]

How can you tax something IRS knows nothing about?

[@Justin-jf4ub]

Subscribed, am in crypto but i'm getting some bad vibes, while i stack silver the metals crowd is far more level headed

[@vermillionenterprises]

interesting for sure

[@brad1034]

You mind if i ask you to elaborate a little.. is what your seeing in crypto more of hype..chasing the get rich quick wagon then actual understanding of their investment..been in metals for a bit.. and it has its hype crowd as well.. this is a fair channel whenever I tune in.. straight facts without the hype.. does a excellent job.

[@bigdogs-29]

Hey BillieBob Thornton (yes, I thought that the FIRST time I saw your posts AND when I met you in your store last year)… I’ve reviewed previous posts since your shipping department has shut down for the season and I’m STILL confused. I know you’re NOT shipping OUT, but are you BUYING from outside your area? Are you taking INBOUND mail and packages? You’re tidbits of info spread throughout your posts, about the business, are GEMS for us Stackers. Thank you. StackOn!!!

[@vermillionenterprises]

yes, multiple packages came in today and already checks have been issued already

[@corky498]

Florida just acknowledged "Goldbacks"? Legitimate or Novelty?

[@CuSTACKS]

Legitimate

[@Rufferto12]

Why is cleaned junk 90 considered not retail material and put in the same category as bent or damaged coins. In my case I purchased really dirty, gross junk 90 at a discount and cleaned it with the aluminum foil baking soda hot water method, so no scratching or nasty chemicals. It looks very nice, is not bent or damaged, and is shiny rather than the typical shades of silver or silvery gray (or coins that are shiny because they haven't been circulated much). Why are these coins put in the same category as bent, damaged, or really gross and dirty coins?

[@vermillionenterprises]

are you talking about silver dollars or just dimes/quarters/halves, silver dollars would definitely be cull if cleaned...dimes/quarters/halves wouldnt matter

[@Rufferto12]

@@vermillionenterprises Thanks! Talking about dimes/quarters/halves. I know dollars are different.

[@jurisklavins2578]

@@Rufferto12 Agree about the 90% halves, quarters and dimes - I wash all of my 90% circulated coins in hot soapy water, give each one a finger rub, rinse and air dry - I then set aside the (average of 5%) slicks, polished, damaged, crud coated and bent coins into a separate container - what's left are the 'consumer friendly' 90% coins (round, flat and undamaged), circulated but acceptable. The LCS owner appreciates the difference and will pay accordingly for clean coins (no more gray fingers)😎

[@jbgant8513]

In a collapse scenario rifles and ammunition will be more plentiful than food. Anyone with more than a few days food will definitely have rifles and ammunition so barter will be the safest way to acquire what you need.

[@vermillionenterprises]

firearms do create a polite society

[@PMStacker72]

Good Morning Guys 👍🏼

[@vermillionenterprises]

Good Morning

[@thetruth637]

Certain gold Panda's have carried/still do carry some pretty big premiums for certain dates. Do you offer a premium for these more scarce dates or would you sell these at a premium?

[@RussellStewart-de6hq]

$20 pcgs&ngc ms 62 st gaudens what do you pay

[@vermillionenterprises]

as long as they are retail friendly melt + 2%

[@Johnsmith46392]

Almost 12k subscribers! When do we get to see Tim??

[@n-joysilver7752]

Public demand for silver is meaningless with regard to price. The market is driven by industrial demand.

[@christianklein5774]

,..ok for me that the price dont fall also by relatet echange rates ect ....but

[@hmquan]

Who buys from the refinery? Are the sold to manufacturers like Tesla parts or electronics?

[@eric22361]

A garage sale if it's your personal property you don't legally need to pay taxes on it.

[@vermillionenterprises]

disagree...gold and silver is your personal property also, capital gain taxes are often collected by the US Government upon the sale of PMs

[@eric22361]

@@vermillionenterprises different categories. plus I don't know anyone who makes "gains" on their garage sale. if you break it down purchase price to sale price does anyone really turn a profit on a garage sale?

[@eric22361]

My thoughts exactly on the barter society. If we get to that point life would not be worth living. Prepping is a waste of time and energy.

[@vermillionenterprises]

agreed

[@bobojames8978]

Escrow haven’t covered in years😢

[@miguel477]

Great job

[@vermillionenterprises]

thank you for watching we appreciate it

[@miguel477]

@ I started stacking about two years ago and I really appreciate that you do look in the trending financial movements including Cryptocurrency, digital currency is the future, but gold and silver is the security when the grit goes out permanently because you will be able to use it to buy food and it is a generational wealth that you can pass it down to your children and grandchildren, it will put food on your table

[@williamswinney2444]

If I trade foreign gold to eagles and buffalos and you don’t set the price until my shipment arrives. How do I know how much cash to add to the transaction before I ship?

[@CuSTACKS]

What do you pay for fractional APE's?

[@joshuarhoades2740]

My only concern with crypto is the tax implications!

[@vermillionenterprises]

#truth

[@NazarioFitness]

How so? It’s not different from stocks or ETF trading is it?

[@vermillionenterprises]

@@NazarioFitness nope profit is profit...government wants its cut

[@GardenerEarthGuy]

$300 greedy firefighters fee... Desantis has done us wrong with more government

[@vermillionenterprises]

we definitely do not need anymore government that is for sure

[@chaicharin]

You guys don't pay income tax so Florida has to make their money somehow. 😂😂😂

[@vermillionenterprises]

@@chaicharin #truth

[@FloydThePink]

PLMK who will be throwing their silver in to the street so I can be there. Thank you very much.

[@vermillionenterprises]

yeah, my thoughts to

[@rd1414]

Yep, they can throw all their gold / silver in my front yard. Don't worry about the mess, I'll clean it up😁

[@dworm6976]

I'll be the guy with a shovel in the wishing well lololol

[@MM-cp4mi]

why are all coin shops on youtube talking about crypto?

[@vermillionenterprises]

its the in thing right now

[@steverogers7611]

It’s because we r paying taxes and buying gifts Seems this way every year

[@vermillionenterprises]

for sure

[@William-n4q]

I watch Land Man and I guess if you're Billy Bob he just tells it like it is and if you don't like it to effing bad you either on top of it or underneath of it there ain't no in between

[@vermillionenterprises]

awesome...thank you for watching

[@coldfreon2077]

Why is silver so high if demand has dropped? Thanks

[@mysterybuyer3738]

Retail demand has supposedly dropped but not everywhere. The bigger influence on prices is industrial demand and p Paper silver investment products.

[@bobsilver3983]

We have been in a silver deficit for 4 years, we are using more silver than mined. The thing is silvers prices is controlled by the FED/mega banks through derivatives, 400 to one manipulation o the SLV

[@jackienewson7711]

That will never happen as long as it remains real money 😊

[@mattw3296]

I'm selling my stack to buy beanie babies🙄

[@vermillionenterprises]

LOL...nice

[@auric-goldbugger]

Don’t underestimate the ability of the silver sheeple to move on to the next shiny hype. Their self-loathing prohibits them from making sound decisions.

[@mattw3296]

@@auric-goldbugger my local dealer has the same deals as Vermillion right now so I love this market!!

[@markamberg8362]

I'm selling crypto and buying junk. I always do exactly the opposite of the narrative. I bought crypto when it was tinfoil hat and laughed at and scorned. Now that's it's mainstream I've been dumping for the past 4 tax years.

[@vermillionenterprises]

nice...we appreciate it

[@John-v4o5t]

I'm seeing people buying like crazy , , people must be broke in ur area ....obvious if people are selling, taxes are theft & voluntary 💯🤣

[@vermillionenterprises]

people are dumping for sure here

[@mysterybuyer3738]

I guess melt all the 90% to make mine more valuable?

[@mazdafiero112]

Hell you gotta pay taxes on your savings account.

[@alangrund5031]

No Triskaidekaphobia here. Beware and be aware.

[@michaelporter5679]

How big should your stack be before someone transitions into Bitcoin?🤷🏼‍♂️

[@seymourrivers6169]

Seems highly possible to me that a crypto brokerage can be hacked, cold storage loss, damaged flash drives, other high profile losses will slow down confidence in crypto. Since something devastating happens in nearly every aspect of life at some point, I don’t think crypto is exempt from this. If you don’t hold it, you don’t own it. Owning nothing will not make me happy.

[@vermillionenterprises]

definitely the case, there are already some high profile crypto hacks/thefts but the same can be said for physical gold

[@demri123]

Already happened many times... Gox, Voyager, FTX, Celsius etc

[@William-n4q]

I guess it's true what they say about Florida with the sniffles LMAO

[@vermillionenterprises]

LOL...the cold weather is definitely acting them up

[@Nikotromus]

OMG! Yes Bryan does kind of look like Billy Bob.

[@vermillionenterprises]

LOL...is that good or bad?!?!?!?! LOL

[@Nikotromus]

@@vermillionenterprises - good. all good.

[@ronsellew5696]

Do you wear those gloves all day?

[@vermillionenterprises]

i do go through a lot of gloves

[@travdripdrip382]

Getting into crypto is one thing but selling your physical PM's in order to buy into crypto is wild to me

[@dleetr]

Ahh the late to the party crypto bros. Of course if they're looking to make 2-5x in the next couple of years. Then come back to gold, well that's the risk/reward game they're playing. If it was me, I'd just allocate funds from my income to crypto and slowly buy in until I had my position, instead of dumping my hard won metals. But the casino beckons for some.

[@Wes_Stacks.]

It's over

[@vermillionenterprises]

????

[@SuperGiantGeckosLLC]

Too much manipulation.

[@vermillionenterprises]

#facts, i think it is also hurting demand at this point as people are waking up to how bad the manipulation really is

[@richardhunter8241]

I see lots coming into my LCS, but that just means more for me to look through. I'm lovin' it.

[@silver-en7kl]

If u enjoy watching paint dry and making $0 then silver is perfect for u. Unfortunately in these days of crazy inflation people have to invest in things like bitcoin and the stock market where they can make some gains to try and stay ahead of the cost of living. Neither gold or silver or any commodity for that matter has kept up with inflation. Gold has had a good year but prior to this year it did almost nothing for years. Boring and manipulated. How many times do we see a couple good days in silver and gold get crushed with a 3 or 4 day sell off? You can set your watch to it. Only crypto and the stock market are allowed to rise at a good pace, not gold, not silver and that’s why the retail market sucks.

[@vermillionenterprises]

some truth to that, but crypto is definitely not an investment it is a straight up speculation....stock market with dividends is an investment

[@JohnT83z]

@@vermillionenterprises The stock market is mostly speculation too. The shiller PE ratio is in the high $30's. I must be getting old because I learned in economics in school that PE should be between 10 and 20, with 20 being overvalued. Some people are going to make a lot of money on speculation as seen with BTC. Most people are going to get left holding the bag.

[@vermillionenterprises]

@@JohnT83z yes if no dividend then speculative

[@1R3VOLUTION]

I enjoy watching Concrete cure especially on overtime. So I guess I’m in the right market because sometimes it’s slower than paint. Cryptocurrencies tank as well not as bad as Gold and Silver sometimes it’s beyond brutal when there is a rug pull.. however people should only invest what they are willing to lose.

[@silver-en7kl]

@@1R3VOLUTION I’ve always wondered what makes a concrete finisher tick? I still don’t get it, and unfortunately most people would agree with me about how boring gold and silver have become. I still stack em but I’ve stopped trying to convince anyone else on their merits. Money will be digital pixie dust because that’s where most people put their hard earned fiat, not gold, not silver.

[@demri123]

FYI this guy posted the same video in 2022 when silver was 21$ Just sayin

[@SkywalkerPMs]

People jumping on hypecoin, instead of real physical assets. 😂

[@vermillionenterprises]

a lot of that right now

[@1R3VOLUTION]

I enjoy Cryptocurrency but I continue to stack precious metals a bit more tired and true. I like Mexican Libertads but not very much of them in the Midwest.

[@willgeo89]

The Bible verse you referenced, Ezekiel 7:19, is talking about the Day of the Lord, the millennium, 2Peter3:8. That event starts when the true Christ returns and instantly we change into a spiritual body. The fact is that this verse implies that gold and silver will have value during time the false Christ (satan, the antichrist) is here and up until the true Christ returns, when we won’t need it any longer. The evil people who thought gold and silver (money) were their salvation, rather than Christ, will be cast to the wrong side of the gulf. Don’t be deceived by satan.

[@btcbob11392]

Buying crypto at this moment is a really bad idea. The crypto market changes like the wind and is subject to the whims of the whales, If they deicide to cash out your going to lose big. With this recent enormous jump in price which has no real fundamental reason, the market is set up for a huge cash out that will come without warning.

[@vermillionenterprises]

thank you for watching, time will tell

[@spinalobifida]

And also when the power goes out, say good bye.

[@vermillionenterprises]

@@spinalobifida yes....infrastructure is never discussed when it comes to the validity of crypto...great point

[@peterlawer74]

They said the same thing when the guy bought pizza with Bitcoin years ago. I guess that was pretty expensive pizza at bitcoins price today.