Coin Shop Owner Says NO ONE is Buying Silver Right Now!

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Silver Seeker

Silver Seeker

27 күн бұрын

A recent commentor of mine who is also a Coin Shop owner says that Silver is NOT Selling right now?
Today we talk with Josh from ‪@minotcoinbullion‬ about his comment and find out from him if the same holds true in his local coin shop!
Check out Josh's Channel Here!
/ @minotcoinbullion
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Credits:
Silver Not Selling?!? Coin Shop Owner Says No One is Buying Right Now!
• Coin Shop Owner Says N...
#silver #silverbullion #coinshop

Пікірлер: 457
@Commin_Cents
@Commin_Cents Ай бұрын
I'm still buying! I try to buy 5 to 10 ounces every month. It's not much, but it's consistent and consistency adds up!
@brandongant9343
@brandongant9343 25 күн бұрын
As long as you keep going doesn’t matter how much you get…don’t think about what u get at all don’t even open your packaged for 6 months then open them 😂…I don’t buy much either BUT I have a lot and a whole 2023 PR70 Silver libertad proof set 1/20-5oz
@pewpewTN
@pewpewTN 25 күн бұрын
5-10 ounces a month is still a solid amount. Especially if you are closer to the 10. That's gonna land you 100 ounces per year anyway.
@shufflesilver
@shufflesilver 25 күн бұрын
This is the way!
@cherokeecowboy7558
@cherokeecowboy7558 25 күн бұрын
It's awesome. I do at least 10oz a month too. Sometimes 20-30oz depending on life situations.
@jmo82592
@jmo82592 25 күн бұрын
most Americans can not even save 100$ a month. Buying 10oz silver puts you way ahead.
@jameswynn4699
@jameswynn4699 25 күн бұрын
That's funny because the Costco vendor said they couldn't keep silver in stock it was moving so quickly
@stardust949
@stardust949 24 күн бұрын
wow!
@TrumpxDaily
@TrumpxDaily 23 күн бұрын
Costco? Place that’s full of people who like to overpay for bulk so they feel like they got a great deal? Those people will buy out anything there 😂
@randywhelchel4674
@randywhelchel4674 17 күн бұрын
@@TrumpxDaily nope 3 boys eating me out of house and home 1 1/2 gals of milk a day consumed
@rokinrandy
@rokinrandy 13 күн бұрын
IKR🤔
@rokinrandy
@rokinrandy 13 күн бұрын
All they have to do is lower the prices 🤷‍♀️ lower the prices and I will come. I mean they will come.
@michaelrodriguez3329
@michaelrodriguez3329 25 күн бұрын
Tough times for many . I just read it takes saving for 2 decades. For a down payment on a home . That's insane ! .
@JesusGonzalez-oh1nh
@JesusGonzalez-oh1nh 25 күн бұрын
Wow that’s Crazy!!! More Silver for Me I’ll buy it All!!! 🥈🥈🥈
@user-pf2ow8pz4o
@user-pf2ow8pz4o 24 күн бұрын
Everything is so expensive!, and people are struggling. Period! People are not traveling and the tourist industry is way down.
@nothingspecific.8119
@nothingspecific.8119 25 күн бұрын
Last month I was at my LCS in Orange county NY, and asked the owner what he's seeing as far as precious metals. He told me he's seeing many business people selling, because they need money!
@WinkenBlinkenAndNod
@WinkenBlinkenAndNod 25 күн бұрын
I agree with inflation what it is there would be no reason to sell unless you need the cash.
@jamesl9686
@jamesl9686 25 күн бұрын
Dart? I live 2 mi away. Decent & fair guy.
@BruceGordon925
@BruceGordon925 25 күн бұрын
@@WinkenBlinkenAndNod But, But, But ? pay to much to buy (It's shiny so it's worth more) Well then sell it, still shiny but get less because? Well just BECAUSE, I can't under stand the ignorance.
@nothingspecific.8119
@nothingspecific.8119 25 күн бұрын
​@@jamesl9686Yep!
@WinkenBlinkenAndNod
@WinkenBlinkenAndNod 24 күн бұрын
@BruceGordon925 You must be paying too much.
@Paladinbri
@Paladinbri 25 күн бұрын
It’s the adage, you will never find a happy farmer. When the harvest is bountiful, prices are low. When the harvest is meek, prices are high.
@bobsacamano7653
@bobsacamano7653 24 күн бұрын
that is why it is good to diversify and grow crops that no one else is growing.
@roybatty6368
@roybatty6368 24 күн бұрын
Farmers are miserable
@allen_p
@allen_p 21 күн бұрын
I sold silver bars a week ago because I needed some cash for Hurricane Beryl, and a broad ran a stop sign, broadsiding my truck. No problem selling it.
@idealmetal6027
@idealmetal6027 23 күн бұрын
Glad to hear from Josh, one of my favorite & honest people to deal with
@benji1868
@benji1868 25 күн бұрын
A lot of folks are forced to sell to pay the bills. Many longs are giving up. The day is closer than ever to a parabolic moonshot to $100+. Won’t anybody be buying at those prices most likely. Buy, hold and only sell in emergencies.
@radavis21
@radavis21 25 күн бұрын
People don’t have much money if you haven’t heard.
@roybatty6368
@roybatty6368 24 күн бұрын
False. Plenty of people with plenty of money .
@JasonWinston-hy5vl
@JasonWinston-hy5vl 24 күн бұрын
@@roybatty6368 the 1% keep accumulating majority of the wealth while the majority of people are getting silent taxed with the hyper inflation since covid so YES people don't have much money.
@darkwood777
@darkwood777 24 күн бұрын
Want to know how the economy is doing? 1) Talk to a car dealer. New cars are not selling well. It is hard for dealers to entice used car trade-ins on new cars. This means there is not much money available even for important purchases. 2) Talk to a realtor. Homes are not selling well. People are not buying new homes with interest rates on loans being so high. Again, people are hanging onto an older home rather than trading up.
@imxploring
@imxploring 24 күн бұрын
People have money.... it's just that the cost of surviving each day has gotten much more expensive... so the "extras" like investing in PMs is getting harder to do.... you have to put food on the table, keep a roof over your head, and keep the lights on first... all of which have gotten very expensive.
@radavis21
@radavis21 24 күн бұрын
@@roybatty6368 if people have plenty of money, why is there $1.5T of credit card debt?
@BradYaateeh.
@BradYaateeh. 25 күн бұрын
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, one Germania and one Nadir for $31.00 per oz. and appreciate his efforts.
@TheMostSlyFox
@TheMostSlyFox 24 күн бұрын
@@BradYaateeh. and even buying at apot is still 25% more than what it reasonably was a bit ago
@BradYaateeh.
@BradYaateeh. 24 күн бұрын
@@TheMostSlyFox Yes, as said in the video this is a lang game play. I am in the group that believes silver is going to be $50 /oz soon, so if I can buy at spot now, I am happy with it.
@timjones7433
@timjones7433 24 күн бұрын
It’s the summertime. It’s always slower now in the coin shops. It will pick up this fall again as it always does.
@sunbeagle9769
@sunbeagle9769 25 күн бұрын
Coin shops give you nothing when you sell and then over price on the resale of 2nd sourced silver.
@foxmulder7616
@foxmulder7616 24 күн бұрын
Call around and ask how much over spot can they offer you, to buy from you.. And find someone that will at least give you spot.. Though if your in a small town and there's only one spot in town... It's easier in a big city.
@Boosted18
@Boosted18 22 күн бұрын
@@sunbeagle9769 usually they buy rounds about 60-80 cents below spot, but then their "spot" will be like 25-40 cents lower than it actually is at the moment. So... about $1 under spot on avg.
@shanejones578
@shanejones578 21 күн бұрын
@@Boosted18they use the highest bid price when it comes to ask paying you, and the lowest ask when selling to you. Respectively, it’s what you would get on the open market.
@JohnnyCollins-cv4gx
@JohnnyCollins-cv4gx 25 күн бұрын
❎ you are correct - people are broke - prices to high - peoples pay ain't keeping up
@um8440
@um8440 25 күн бұрын
Its not that people pay is not keeping up, you want to get out of fiat.
@towboatjeff
@towboatjeff 25 күн бұрын
I love silver eagles but im not paying the high premiums for them. Ill buy generic, britannias, kangaroos or whatever else is at a good price.
@TheMostSlyFox
@TheMostSlyFox 25 күн бұрын
Not buying with the price hikes / volatility right now. The premiums are still 5%+ over spot despite the increase, especially silver eagles being an incredulous amount over spot still. Has to do with people being broke, sure a bit, but its mostly the metals increasing too high too fast.
@um8440
@um8440 25 күн бұрын
Na, in 15years it just started.
@DaveEPie
@DaveEPie 25 күн бұрын
It’s going to 37-38 soon enough. Eagles will be 45-50 Good luck catching the sell off if there is any
@eddiesuen3711
@eddiesuen3711 25 күн бұрын
I haven't bought silver since April. Not selling, but taxes, car repairs, Magic the gathering cards, summer vacation and birthdays. waiting for the dip.
@derekforeal2810
@derekforeal2810 25 күн бұрын
@eddiesuen3711 hate to burst your bubble but it isn't gonna dip
@Pieguy73
@Pieguy73 25 күн бұрын
There was a dip
@watthaile2053
@watthaile2053 22 күн бұрын
There will always be dips, but beware, the new dip may be higher than the old High.
@shanejones578
@shanejones578 21 күн бұрын
Silver won’t break 27 again, probably ever but not in the next 12 months.
@shanejones578
@shanejones578 21 күн бұрын
There’s no firepower left from a liquidity standpoint to short the price back down vs the real demand.
@kennyd2600
@kennyd2600 24 күн бұрын
Those 20% of buyers are the smart ones. Buy any dips from here out.
@manager4409
@manager4409 12 күн бұрын
In a recession or possible depression coming, that Industrial demand will plummet
@mikeknoll1130
@mikeknoll1130 25 күн бұрын
Weird I haven’t bought any silver in about 5-7 years and decided to buy some a couple weeks ago..happy with my purchase.😊
@shanejones578
@shanejones578 21 күн бұрын
Miss those old prices huh lol
@dylangorbet8419
@dylangorbet8419 25 күн бұрын
I got a guy that buys back at a great price. So much silver was brought into his shop this week, he didn’t have the funds to buy my 250 face.
@c.r.7077
@c.r.7077 18 күн бұрын
I went to our local pawn shop and they can't keep silver in stock. They said as soon as they get it, it's gone. (Georgia)
@dalekuchinski976
@dalekuchinski976 25 күн бұрын
Fire works are a waste of money
@user-zf1ol7op7y
@user-zf1ol7op7y 25 күн бұрын
I don’t buy from local shops. I buy online and are happy thus far with their service. Shops tend to overcharge and I’m not interested in haggling.
@pewpewTN
@pewpewTN 25 күн бұрын
It's the opposite for me. I can buy cheaper in town, but way better selection online.
@aliekatsmom
@aliekatsmom 25 күн бұрын
​@@pewpewTN we're being tracked.😢
@DaveEPie
@DaveEPie 25 күн бұрын
@@pewpewTNmy guy here is always under the online dealers/
@jaredroussel
@jaredroussel 25 күн бұрын
This. There are so many crappy shops that act like they have something special when I can just go online and get it for less. They should be matching or undercutting to generate trust and retain loyalty. They can make plenty of money when buying because all of the online sites have shipping costs and pay garbage rates.
@pifs-TM
@pifs-TM 24 күн бұрын
For me it’s the hassle of driving there, trying to get waited on, to save maybe $5. Online they ship to me, I can purchase with ease, and nobody cares if you do it in your PJ’s. 😂.
@MrsPuggyWggyHaASquareCutPunt
@MrsPuggyWggyHaASquareCutPunt 25 күн бұрын
Simple silver is SILVER, why pay 5 over wen I seen $1.50 over for gen Silver online 😂.
@sailfly2869
@sailfly2869 24 күн бұрын
Not so fast with your comment, all silver isn’t always created equal. The best time to learn about whether you made a good deal is try selling it in different scenarios. Anyway learn about coin grading and how it affects price, even your generic silver can be scrutinized.
@TheQuickSilver101
@TheQuickSilver101 25 күн бұрын
I appreciate the conversations with Josh. As for purchasing I'm saving up for a larger gold purchase in a month. Because of that I've pulled back on my general buying quite a bit
@garylynch9206
@garylynch9206 25 күн бұрын
This is extremely encouraging. If retail demand is falling off but price is staying so high. When sentiment changes it should be good.
@SirAlford
@SirAlford 25 күн бұрын
I need to put a bug in Silver Seekers ear ....cast your net wider and interview David Knighten owner of Salt City Coin at Hutchinson, KS about business traffic. I am all ears when "On The Level" Josh is speaking.
@tommykirwan6764
@tommykirwan6764 24 күн бұрын
GREAT (as Usual) video SS!!! Josh is pretty forthcoming with biz info, and SS is a Vital Site for choosing a good buy/sell Silver Strategy. Keep 'em coming SS!!!👍👍👍👍
@pauldalberti
@pauldalberti 24 күн бұрын
Be carful buying gold and silver, these high prices will simmer down in the future, nothing wrong with putting you cash to the side and wait this out.
@thesilvervigilante
@thesilvervigilante 24 күн бұрын
(Verse 1) I bought that silver, thought it was gold, They said it's an inflation hedge, or so I'm told. But now I'm stuck, can't make a sale, eBay, Mercari, every platform fails. (Chorus) Silver's just a shiny dream, A mirage in this liquidity scheme. I'm holding on, it’s my grave's prize, No buyers, no deals, just pawn shop lies. (Verse 2) They promised riches, a safe retreat, But now I'm drowning in this silver fleet. The price may rise, but the demand stays low, Liquidity’s a ghost, nowhere to go. (Chorus) Silver's just a shiny dream, A mirage in this liquidity scheme. I'm holding on, it’s my grave's prize, No buyers, no deals, just pawn shop lies. (Bridge) Extras pyramid, live and learned, In this market, every promise burned. Silver doubled, yet still no gain, Left me with nothing but financial pain. (Chorus) Silver's just a shiny dream, A mirage in this liquidity scheme. I'm holding on, it’s my grave's prize, No buyers, no deals, just pawn shop lies. (Outro) So here I am, silver in hand, No liquidity in this barren land. In the grave, my wealth will sleep, A shiny promise I couldn’t keep.
@pewpewTN
@pewpewTN 25 күн бұрын
I'm still buying. Got some 90% at 20x this week & I picked up a very small amount of gold.
@brutebiz82
@brutebiz82 25 күн бұрын
Yeah, $19-20X face for 90%, (excluding Morgan Dollars) is what I've been seeing at my LCS. But, talking with the owners, they're still not moving too much at that price.
@kgstackkz
@kgstackkz 24 күн бұрын
Spot on Junk 90 has been between 21.5x and 22.5x, all week....please let me know where you get it for 19x to 20x....my local dealer buyback is 21.3 to 21.5 this week...Quick no hassel flip if you getting the numbers you're talking bout lol
@TheMostSlyFox
@TheMostSlyFox 24 күн бұрын
@brutebiz82 Only silver I've bought since spot inflated up is BU /XF Morgan's at 25$ each to this day. It's still 5$ over melt so he makes money still.
@stevebarkley2873
@stevebarkley2873 21 күн бұрын
20x=28per oz. CHEAP!! ????
@pewpewTN
@pewpewTN 21 күн бұрын
@@stevebarkley2873 Yes, $28 per ounce is a few dollars below melt. That's incredibly cheap.
@Sliveslar549
@Sliveslar549 24 күн бұрын
It’s a great time to hunt for vintage bars and rounds. With all the selling going on, I found an Englehard, several prospector bars and an old Sparks Pixley bar in the generic bin at my LCS.
@noicue8078
@noicue8078 Ай бұрын
I haven’t bought in quite a while. 👍
@JesusGonzalez-oh1nh
@JesusGonzalez-oh1nh 25 күн бұрын
I go to Costco a lot but I would never buy Silver or Gold at Costco, rather support my Local Coin Shops. I don’t pay Sale’s Tax at my Coin Dealer just straight paper money for real money precious metals but awesome low premiums!!!
@shanejones578
@shanejones578 21 күн бұрын
I live in a sales tax free state 😎 my local coin dealer gives me eagles for spot 🤫🤫🤫🤫🤫 I give him some extra here and there.
@JesusGonzalez-oh1nh
@JesusGonzalez-oh1nh 21 күн бұрын
@@shanejones578 That’s Awesome my Coin Dealer always calls me personally when he gets Vintage Or Engelhard’s Rounds or Bars. Always paying $1.00 over spot on Vintage. That’s Cool keep Stacking!!!
@Silver_Scorpio_86
@Silver_Scorpio_86 25 күн бұрын
Just saw a seller on your tube, very legitimate store owner selling backdate BU tubes of silver eagles for $3.50 an oz over spot. Saw the video too late to get his sale was upset I missed it.
@SquareLimit
@SquareLimit 25 күн бұрын
Walmart brother.. use their credit card for 5% off. Eagles @ 3 over by the tube and rounds at spot. Coin shops are done when it comes to buyers.
@webesmith
@webesmith 24 күн бұрын
I wanted to buy some silver dimes but most places are selling if for more per oz than I can buy ASE from Costco. Costco has Eagles for $33.60 after 4% back.
@user-or3th2oi1q
@user-or3th2oi1q 14 күн бұрын
Franklin Coin Shop in Franklin Indiana has been consistently selling Silver Eagles @ $3.50 over, generic silver at .50 cents over spot. Always the best prices I can find for a shop!
@keithr6100
@keithr6100 25 күн бұрын
I went to sell this week, I found the spread between what shops sell at and buy at is over $8. I won’t be supporting my local shops for a while.
@barjer54
@barjer54 25 күн бұрын
Wow! Yeah, screw them! My LCS had a $4.50 premium on generic buffaloes when spot was $21 last year & would buy them back at 50-cents back of spot when silver went to $23. I was just a bit incensed at their generosity. I was merely testing them and they failed.
@jaredroussel
@jaredroussel 25 күн бұрын
That's so greedy. Even a $6 spread is high. You want to make $8/coin? That's over a 25% commission if you turned around and sold on the same day.
@kenmastersmaster
@kenmastersmaster 25 күн бұрын
​@@jaredrousselsilver is cheap, they want to make the same margins as gold
@manager4409
@manager4409 12 күн бұрын
All those coin shops are owned by awful boomers (redundant I know)
@markh1324
@markh1324 24 күн бұрын
I enjoy your conversations with Josh. I’ve actually picked up a few items during some of his flash sales.
@cherokeecowboy7558
@cherokeecowboy7558 25 күн бұрын
My demand for silver is stronger than ever. Purchased some today with my wife. 🤠
@Fireinahorn
@Fireinahorn 24 күн бұрын
Why didn't you buy when it was at $23 ?
@shanejones578
@shanejones578 21 күн бұрын
@@Fireinahornpeople will say that about 30 too here soon.
@shanejones578
@shanejones578 21 күн бұрын
@@Fireinahornbest time to plant a tree is twenty years ago.
@joemcbride5260
@joemcbride5260 25 күн бұрын
My LCS has been on Vacation for the last month I’m itching to buy
@jdoggwhitetrash
@jdoggwhitetrash Ай бұрын
Great video. Thanks for sharing. I like to see interviews with coin dealers.
@BA-lt2tx
@BA-lt2tx 25 күн бұрын
My LCS had another blowout sale today: he was selling BU ASEs by the tube for $3.50 over spot. Tubes of impaired / off-quality ASEs were $2.50 over. I was very busy today so I did not get a chance to swing by and take advantage of the sale but these had to some of the lowest if not the lowest priced ASE across the whole country.
@SandyMMMM
@SandyMMMM 25 күн бұрын
In Santa Barbara the coin shop is giving me $4 off spot for rounds, $.25 above spot for eagles. That's a bit less than other coin shops.
@Dave_9547
@Dave_9547 24 күн бұрын
I stopped in my LCS (Southern Idaho) and was told that they were buying a lot of silver. But, rather than sit on it and hope the price didn't go down, they were selling it to wholesalers to keep the cash flow moving.
@philpalmer4877
@philpalmer4877 25 күн бұрын
The Canadian Maples from Costco were bought under spot, with the 4% discount...when they were 779. Hard to pass up a few of those.
@TobaccoRowe1960
@TobaccoRowe1960 25 күн бұрын
I have cut back 50%, from two Junk Morgan Dollars, to one Junk Morgan Dollar per month. Wichita Kansas.
@ItsEverythingElse
@ItsEverythingElse 25 күн бұрын
Fireworks around here were VERY down compared to last year. We had some rain too but even so it's way down this year.
@floridastacker
@floridastacker 25 күн бұрын
Same here.
@waynez5535
@waynez5535 25 күн бұрын
I just bought 80 oz from Costco, trying to pick up another 120 ounces
@richpaydirt
@richpaydirt 25 күн бұрын
Yes, costco is the way togo. I got 2 tubes of 25 Maples 2 weeks ago for $1.56 each over spot.
@waynez5535
@waynez5535 25 күн бұрын
@@richpaydirt ya I picked up the RCM 10 oz bars, easier to store
@mikeknoll1130
@mikeknoll1130 25 күн бұрын
Who do you talk to in Costco I,m a member but have never seen it in my store..or do you buy it online from them?
@mikeknoll1130
@mikeknoll1130 25 күн бұрын
@@richpaydirttax on that?
@mikeknoll1130
@mikeknoll1130 25 күн бұрын
@@richpaydirttax on that?
@Sarnarath
@Sarnarath 24 күн бұрын
Of course they are not buying now, they are waiting to back up the truck if the price dips.
@cultleader3572
@cultleader3572 23 күн бұрын
I am
@TexCen
@TexCen 17 күн бұрын
WEIRD! My LCS has almost no silver, but plenty of gold. He said nobody is selling silver (in our area) atm - everyone is trying to buy or holding. I guess location matters, to a degree.
@cultleader3572
@cultleader3572 23 күн бұрын
I refuse to pay more than .50 cents an ounce over spot . Got a kilo last minth for .49 over spot at $29.59 out the door
@KurtOnoIR
@KurtOnoIR 25 күн бұрын
That's weird. At mine it's constantly getting cycled out. Of course there aren't many shops around here so maybe that has something to do with it.
@mr.speyside5240
@mr.speyside5240 Күн бұрын
This is proof the price of silver will never sky rocket. Supply and demand
@77loneranger
@77loneranger 17 күн бұрын
The situation is the opposite for one of the dealers I worth with. Like any other market, silver demand fluctuates. Summer is often a slower time for silver.
@sestacker
@sestacker 25 күн бұрын
Just unboxed a 5 oz bar today, Alabama
@jasonslaughter2811
@jasonslaughter2811 24 күн бұрын
People are broke brother
@Shazam815
@Shazam815 25 күн бұрын
I'm buying wholesale sterling silver jewelry right now. I havnt bought bullion in atleast 2 months. I use to buy it every week
@Userhfdryjjgddf
@Userhfdryjjgddf 25 күн бұрын
I don't think we just forget about silver in the summer. The prices are always far higher in summer than fall. Last 2 years I didn't buy any silver after January and saved cash until prices fell in the fall. Bought way too much last fall cause I knew prices would go up. Sold a chunk for $30 and now sitting on profit and will just save up till fall again.
@classicrider21
@classicrider21 24 күн бұрын
I live in IA, I bought a few ounces this week. Dealer said he is doing a lot of buying. More than selling.
@d.s.7411
@d.s.7411 24 күн бұрын
What I have notice that while the silver spot price was in a range they would pay silver spot plus the premium of about $8. Now that the price of spot silver has risen to about $6+ and the buyers are taking the rise of spot price out of the premiums.
@dukenukemani07
@dukenukemani07 22 күн бұрын
Hi Seeker. In response to your question on buying fireworks this year, I had booked the 4th of July as a day off work because we host a fireworks party every year, but this year Mother Nature forced us to cancel the party. People who were going to stop over were feeling sick and the forecast was calling for rain, so we did not buy fireworks this year. I used the money I would've spent on fireworks to buy some silver "ice cream cones" to cheer myself up. Another waste of money, but at least I get to hold onto what I spent that money on and not literally blow it up. 👍
@thejoshman3843
@thejoshman3843 24 күн бұрын
why would buying be hot at low 30s. its been in the mid 20s for years. we all know the demand comes from bank failures, which is coming any minute or year now.
@toddnelsen637
@toddnelsen637 25 күн бұрын
just bought 10 10 oz canadian bars. keep going!
@silverchickadee4130
@silverchickadee4130 24 күн бұрын
Bought a little silver in March - mostly for future gifts. Land of the Midnight Sun here, so 4th of July fireworks are not really a thing. However, New Year’s Eve is usually a big display across the valley and I happily firework watch. New Year’s Eve 2023 was one of the quietest I have witnessed. People are feeling the pinch.
@SugarSandProspecting
@SugarSandProspecting 25 күн бұрын
I NEVER buy fireworks, but I did buy roughly 200 oz in the last 30 days. If the right deals come around at the right time, I'll be saying " Take my money"!😅
@user-mh3kp7we7i
@user-mh3kp7we7i 24 күн бұрын
brisk silver sales at our local shop yesterday...Everywhere i visited gold was completely sold out.
@tomvayne7578
@tomvayne7578 21 күн бұрын
I Went to a coin show in Greeley Co. this weekend and bought silver eagles for 33.00 each.
@Portlandpreciousmetals
@Portlandpreciousmetals 25 күн бұрын
We had 90% at -$.20 on sale today! And only one regular bought it!
@AnuddaGoy
@AnuddaGoy 20 күн бұрын
I'll buy some how can I contact
@NVArt001
@NVArt001 25 күн бұрын
Every time I think about buying coins or bullion, all that comes to mind is: If the SHTF, you can't eat gold or silver. I might start buying gold for the investment, though.
@missyorkshireprepper
@missyorkshireprepper 24 күн бұрын
@NVArt001 No, you can't eat gold or silver, but it will A) Buy you food, people will always take gold and silver over money. B) It will also get you into places you couldn't get without it.
@NVArt001
@NVArt001 24 күн бұрын
@@missyorkshireprepper If there were no more grocery stores, I wouldn't take gold or silver for food.
@missyorkshireprepper
@missyorkshireprepper 24 күн бұрын
@NVArt001 I personally wouldn't take gold or silver for food... but some will. I'm just stacking mine for my retirement
@chrism5859
@chrism5859 24 күн бұрын
Exactly when do you expect there to be no more grocery stores?
@randywhelchel4674
@randywhelchel4674 17 күн бұрын
No one? I bought 1k in quarters last week 90% silver Will be delivered next week
@rickbruceroche2038
@rickbruceroche2038 25 күн бұрын
Local shop is buried in silver right now. I had some (very few) Silver Eagles and a 5oz ingot. Told them I didn’t like the loss to go to rounds and, since the premium was down to $1.50 I might consider it. He offered 5 x 1 oz rounds for the 5 oz. Ingot. I now have no ingot and 5 rounds. Sorry, this is in Tucson, AZ.
@petenrita
@petenrita 20 күн бұрын
I have also noticed the premiums falling . Picked up cool hand poured bars for $2 above spot.
@tomcastonguay2847
@tomcastonguay2847 24 күн бұрын
Hi for myself, I'm buying coins and bullion. I just got five ounces of bullion for my first purchase. And plan on getting more each month. Peace love & silver. TomCat
@rara1996
@rara1996 25 күн бұрын
Dealers are most likely over charging premiums to the local demand. It's probably geographical / economically driven. 20% premiums on common ASEs seems way too high unless you are a collector buying a one off for a set. Makes no sense to buy a tube for $120 over spot. Can just buy more silver rounds at a lower premium.
@docgrows1125
@docgrows1125 24 күн бұрын
Secondary market in Canada for the win. Have been buying with virtually any premiums. Below spot, melt value or very very very tiny premiums.
@lawrence5039
@lawrence5039 24 күн бұрын
In the 45 years between December 1978 and June 2024, the GOLD spot price index (in EUR) had a compound annual growth rate of 5.86%, a standard deviation of 17.53%, and a Sharpe ratio of 0.36.
@sergeant_t2020
@sergeant_t2020 Ай бұрын
Hey SS, I'm still in a holding pattern, not buying or selling. I'm getting US Mint stuff. The UNC 2024 Morgan and Peace silver $ price change is now $91 each due to the silver spiking prices.
@sailfly2869
@sailfly2869 25 күн бұрын
Hey, is your coin collection raw or certified??.
@wasillastacker
@wasillastacker 25 күн бұрын
Not buying as much silver lately. However I am stacking heavier than usual in gold.
@ColeDedhand
@ColeDedhand 24 күн бұрын
I'm in a holding pattern. Not buying atm. A drop back to $28 will get me back in a buying mood.
@richardhutchison3123
@richardhutchison3123 24 күн бұрын
No fireworks bought by me. I love to watch them here in Nashville. We have one of the top fireworks displays in the US.
@jhjustinlee
@jhjustinlee 24 күн бұрын
Went to my local shop to pick up some 1oz coins and their was a line of people selling bins of silver and gold. I was the only one buying anything out of the 4 people in the shop. This was July 8th I believe.
@Stax-ht9md
@Stax-ht9md 24 күн бұрын
Good topic - thanks for covering this
@quinntheeskimooutdoors6234
@quinntheeskimooutdoors6234 17 күн бұрын
Thanks for sharing 😊
@justsomeone6835
@justsomeone6835 25 күн бұрын
The market and most shops are flooded with silver if your going to buy just don’t over pay one shop today $3.50 over spot for eagles clean blast white shops have to pay back so buy the cheapest rounds to spot if you can
@francineharris9473
@francineharris9473 25 күн бұрын
People don't understand that this is a sign if he's going through this and haven't before that the Americans are starting to suffer, so don't get comfortable,
@DaveEPie
@DaveEPie 25 күн бұрын
My dealer was acting like he had no inventory of silver today- very limited stock- I asked him for my favorite bars/ he said he didn’t have any- He is 2 bucks over spot right now. Eagles are more. I think some big whale came in and cleaned him out-
@jrhunt414
@jrhunt414 14 күн бұрын
I picked up a 1oz 925 silver chain. An oz of 925 silver around my neck.
@rbs0648
@rbs0648 25 күн бұрын
I'm earning 5% in a CD, and when that dries up, and if silver spot drops I'll start buying again.
@DaveEPie
@DaveEPie 25 күн бұрын
Silver up 30% since January 1- And you will have to pay taxes on your 5 %
@lawrence5039
@lawrence5039 24 күн бұрын
@@DaveEPie Summary. In the 45 years between December 1978 and June 2024 , the Silver spot price index (in USD) had a compound annual growth rate of 3.55%, a standard deviation of 33.23%, and a Sharpe ratio of 0.25.
@dennishinkle5010
@dennishinkle5010 24 күн бұрын
I buy mostly constitutional silver and getting it at almost wholesale. 20 times face value. 40% at 5 times face.
@mirog.3821
@mirog.3821 6 күн бұрын
Nobody has any money left. We're talking about the "little ones".
@toddgwinn8395
@toddgwinn8395 25 күн бұрын
Always happens when near or at high
@MarioAlvarez-mp6yt
@MarioAlvarez-mp6yt 25 күн бұрын
Prices for fireworks have skyrocketed! 😖
@jasonking7729
@jasonking7729 25 күн бұрын
Still buying. Just lowered a few ounces at a time to match my budget with rise at the time.
@erikdexter3100
@erikdexter3100 25 күн бұрын
As a long time stacker… i saw this last run up and bought when it was $25 oz and loaded up so i must admit i havnt bought any since …looks like $30 is holding so in a few months i might run out and pick up some bars …i think there are lots of people like me so i can see why the dealers are seeing the decline in purchasing
@WOCassity2
@WOCassity2 25 күн бұрын
No fire works this year.
@wrkeith1
@wrkeith1 24 күн бұрын
I traded for 250 ounces yesterday. Keep on stack'n!!
@stonz_camp
@stonz_camp 24 күн бұрын
Great show as always!..was 32.50 the high? It attempted to make another high but only got to 31.75. Thats a "lower high" now its 30.77 when it drop this week will it again put in another "lower high" has silver topped? If it drops below 28.55, it will definitely put in another "lower high" and continue its decline.. NFA but just MHO.. anyone else actually watch the charts?
@edb3877
@edb3877 25 күн бұрын
My silver stacking pretty much ended in late 2019, since at that time I considered my silver stacking goal to be complete. I do buy a little from time to time if it is something I really like and the prices are decent. For example, about a month ago I bought 10 rolls of 1964 Kennedy BU halves. I really like these coins and have quite a few in my stack. I also really like Morgan dollars and have a lot of them in my stack as well. But I am still waiting for a good price pullback before buying more gold. If the gold price drops to $2200 or lower, I'd be buying that dip. If it dropped to $2000, I'd be backing up the truck to complete my gold stacking goal.
@barjer54
@barjer54 25 күн бұрын
I bought a one ounce gold bar in assay at $1900 last year. Now I'm looking to sell it and buy more silver with the profit.
@user-jo1yg4me6e
@user-jo1yg4me6e 25 күн бұрын
From the dealers I've talked to way more sellers than buyers... guess it's regional
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