Stunning Gold Liquidation! My Silver Dealer Says You CAN’T PROVE Some Bullion belongs to you!

[@sandracrandall4561]

I sold a long collected box if gold & silver for our LAKE House! Went into foreclosure sadly & we snagged it. Had it inspected, put on a new roof then scrubbed it clean, painted & are having a blast. Our new appraisal is "almost" double it's purchase price. Retirement in 8 months!❤😊

[@TheQuickSilver101]

It's nice to see that Tim doesn't take bars out of the assay cards. I know at least one shop near my will buy bars and most of them he pops out of the assay and sends off to get melted. Best of luck to that guy and his restaurant. That is one brutal business. Thanks, Yankee!

[@DR-oy9wc]

Have you seen what they are doing to pizzerias in NY?? Lol talk about a clown state omg

[@SolemnStacker]

@@DR-oy9wc They really did it a long time ago, just some places were grandfathered in with Coal ovens. Sad. I ate at Patsy's in Harlem quite a few times as a kid/teen in the Late 80s/Early 90s, when my Dad would take us to NYC to visit family. He grew up in Harlem in the 50s and was a long time customer before Military. Best pizza ever. Had some "Grimaldis" coal pizza about 15 years ago, and it wasn't even close to as good as Patsy's. Lot of the OG pizza places were bought out by corporations/investment firms in the late 90s/Y2k, which almost Always leads to Quality becoming less important than Profit/Marketing, etc.

[@TheQuickSilver101]

@@DR-oy9wc I did see. I doubt that anyone still living in New York is under any illusion that it's anything other than a true mess

[@SuperBullyone]

a restaurant is the only business that I ever went broke in.

[@nickelstacking2023]

When I shipped 100 oz bar and the Post Office guy asks if anything is hazardous , I say only if you drop it on your foot!

[@snakebyte7271]

That's funny right there !

[@messenger325]

Then you just shot your foot off 😂😂😂

[@JOSEPH-qo7fr]

Hi yankee , I was at Tims a week ago me from Mass. Tim was a real pleasure to deal with , 😊 loved every minute of it . Joe

[@jefferywilson4091]

I love your channel, people buying to protect their wealth and others selling to increase theirs. I love Tim

[@8ballphilc]

Showing receipts for your cash? No thanks! Gold and silver is money folks. If you hold it in your hand, it is yours. That is why we buy gold and silver!

[@marckoplin9738]

Gold Bullion Carve Initials Easy TO Make This Gold Identified as my brother signed all documents with a Sign.

[@normangage6953]

Another good day at the Coin and Stamp Shop!!!

[@LatimusChadimus]

I hate to be that guy but that is an awful idea. Restaurants are one of the lowest profit margins out of any other good/service industry, even when it comes to retail clothing restaurants have a smaller profit margin. He's wasting his gold for hyperstress

[@OvisHerder1]

Cherry pan-ties...?

[@nickelstacking2023]

yes, but he will be his own boss. They don't have a high success rate though. You hire people and they quit less than a week later. He will probably have to everything at first and 12 hours a day .

[@america4ever45]

Being in the business. It depends on where you are and what your market is. If you are in West Hollywood and are a high end restaurant then you are making money on the food but most profit is on the alcohol. This overall strategy rains supreme across the spectrum but demograpthic and location os everything.

[@LatimusChadimus]

@@nickelstacking2023 yeah he's definitely risking being underwater for many many years, at least he is investing his own money into currency instead of trying to get a loan and if it's his dream and that will make him happy whatever but still not the best choice, especially under this current climate

[@turokforever007]

Add to that look what lockdown did and we will be getting another. also, only the rich will be able to own a business because of the rules coming in.

[@sstrauss6752]

The coin and bullion lobby is strong in Georgia. There are no sales taxes on either numismatic coins or precious metals transactions. The only thing you need to worry about is the $10,000 reporting thresh hold that is required by the IRS.

[@stanleyclark923]

Yep! At least it's getting better in FL. They just made it where you don't have to hold bullion for 30 days (or however long it was - not sure because I'm in GA too).

[@mikerommel8295]

So what if irs knows you sold gold. Is it illegal to own then sell gold or silver?

[@erikjanthes]

Same with Missouri. A free state.

[@sccarguy8242]

That’s not true.. I buy in GA all of the time. Yes no tax on currency (foreign or domestic), but generics get taxed… I had a debate about it at one store because if I’m Being honest the taxes are not enforced by every store, and he showed me the tax law.

[@dpirkl4560]

@@mikerommel8295 puts you on the list.

[@fredlink1036]

Tim and other coin shops with gold and silver own and operate a de facto bank. No deposits, but still a bank. A bank where exchanges can be made after the collapse of the current Federal Reserve & US Treasury system.

[@pullmanstandard81203]

I'd like to see Ron Paul walk in the coin shop door some day. It would get Yankee Stacker a million views with Tim and Ron talking about Liberty.

[@TomokosEnterprize]

That would be great !

[@tendollarbill4959]

Maine just lost by 1 vote to drop the sales tax for precocious metals this month

[@libelle8124]

Oh dear, well... at least here in the UK it's pretty easy to identity my pound coins. It has either the late Queen's or the King's portrait on one side 🙂

[@garynelson4749]

might be a good idea for a future video ...discuss rules,regs,taxes, customary problems, to expect and plan for if you need to liquidate PMs legally

[@David_Quinn1995]

that's a tricky subject there are 50 states and every one of them does it differently. where I live they charge 6% sales tax on purchases under $1000 but have no capital gains tax, next closest state to me has no tax at all, the next closest to me does not tax US coins but taxes bars and non-US coins.

[@garynelson4749]

@@David_Quinn1995 absolutely its multi-faceted.....but there is a lot to unpack even if you take the various state issues out of it ...such as the us coins vs the non us bullion at the federal level etc

[@greenmirror5555]

All taxation is theft...start there. Honest trade among friendship! Article 1 Section 10

[@Useless_Knowledge07]

​@@greenmirror5555 Smart man.

[@David-rz7jj]

@@David_Quinn1995 Who pays taxes on PM? I don't. 👍

[@miguelm3031]

Thanks Yankee for another great video full of information God Bless Team Yankee & Tim

[@Steven_Lee_Music]

I've never kept a receipt. On purpose. I don't want a receipt or any paper trail of the transaction. It sorta shocked me that 99% of people get receipts and keep them. I understand all the reasons they would do so. But, I wonder if they understand the reasons NOT to do so.

[@Bulletcore]

Before, I lost all my gold in that tragic boating accident, not once did I get or ask for a receipt for my precious metal purchase. My LCS doesn't even know my name on purpose 😂

[@hacksaw5800]

Yeah I agree.... only paper my LCS gives me is the envelopes he puts the nice coins in lol

[@arte9855]

My local place always asks...cash? Need a receipt?

[@DR-oy9wc]

Agreed 💯. You are potentially sabotaging yourself by keeping a paper trail for the Gov

[@Kevin-ii7gy]

Need a receipt if you want it insured

[@havoc391]

I hope it works out for him but there is a 95% failure rate in food industry. I would keep my metals and use someone else’s collateral or not do it.

[@Useless_Knowledge07]

I agree!!

[@Useless_Knowledge07]

He should just put the restaurant up for collateral. If he can't do that obviously his investment unfortunately isn't worth the trade off?

[@libertyforamericanow]

My wife is a gm for chili's. She and the managers make pretty good money. They get bonuses, 4 vacations a year, health insurance ect. Must be some money in it. They must sell a shit load of food

[@Useless_Knowledge07]

@@libertyforamericanow Corporate franchise is a totally different profit margin vrs cost of products and time to prepare? Definitely two different beast?

[@libertyforamericanow]

@Useless_Knowledge07 i agree but if your restaurant becomes popular i think youll do alright. People will always have to eat. But yeah its not a business i would start. To much work for the profit margins.

[@BSinNH]

Being a NH guy and loving the Beach Plum in Epping for a lobster roll, I will have to check out his restaurant. Big fan of good shrimp Pad Thai. The reviews online are very good, so I'm looking forward to trying the food.

[@jeffhuntley2921]

Cool someone is starting a restaurant in Epping. I’ll check it out

[@texcoin1111]

I’m surprised Tim does not take the bars out of the card. I’ve seen them fool the Sigma machines at my LCS. Of course, I’m sure he tests them in other ways as well. The fakes for those gold bars are getting scary good. Hope everything works out for the restaurant owner. Thanks Yankee!

[@matthewnirenberg]

The genuine cards are transparent to both the original Sigma, the PMV PRO (The new Sigma) and XRF machines. I would always recommend that dealers should invest in an XRF machine as well. Also, if you take the bar out of the assay card, there goes a big chunk of the premium and several security features (tamper evident). I would also caution the accuracy of the original Sigma (the one shown in the video) as Sigma brought out the PMV PRO to address a couple of cases in which the original Sigma could be fooled.

[@Evom777]

For the smaller fractional bullion, the smallest wand with the Sigmas is the way to go.

[@StutteringMumbling]

The way Tim looked at Yankee when he said everything was for sell 😂. Tim has retirement in his eyes

[@TsquareTalk]

Can you imagine if Yankee buys it. Yankee could probably cash out his gold and silver and buy the shop. Granted I would miss him I think he's became a big part of this channel I enjoy watching him just as much as Yankee.

[@TomokosEnterprize]

Tim retire, Hmmmmm. I always thought he would work to his last breath. He is one full of life fella eh.

[@TomokosEnterprize]

@@TsquareTalk Well and nicely said old friend.

[@kellycoleman715]

Can you blame him? He’s in his 70’s and has earned it.

[@TomokosEnterprize]

@@kellycoleman715 Folks like Tim are timeless.

[@LD_Tush]

Your mic picks up the customers actually really well. Nice!

[@mysilverjourney]

Great conversation ! This was a great topic to discuss. I never thought about this before

[@davidf3883]

This was recorded a year ago, so I hope this guys restaurant is a big success so it was worth selling his gold and Jeep. He seemed like a nice young man. Blessings on ya sir.

[@rob7710]

Thank you Yankee you & Tim make my day!!! Keep on stacking and GOD BLESS both of you guys!!!

[@davidkray396]

Bought 8 Double Eagle 1 oz coins in 2021. Ohio charged sales tax 🤮

[@mazdafiero112]

That guys beard is awesome! Almost makes me grow mine back...just to hot now.

[@saint-bj4sd]

@yankee stacking, yard sale video, bro!! The only stipulations are that Tim can not retire before I visit the shop, lol. On a side note, I bought a box from "technically stuff." it was amazing craftsmanship

[@cyberwolf77X]

Another great video Yankee and Tim. God bless you guys!

[@TsquareTalk]

That is so funny because I'm thinking about selling my gold for a homestead up in Maine. I've always said the only way I would sell my metals my personal collection of metals is if it's for something better and sound and real. No paper promises.

[@hacksaw5800]

My same thoughts on my metals

[@BigTomInTheBasement]

@@stevel6660 Real Estate is something that one can't really own without government involvement. The title is a government maintained and enforced item.

[@totallybonkers2447]

As the government could confiscate your gold I’d defo sell

[@Useless_Knowledge07]

EXTREMELY useful topic today, Yankee!! I was waiting for you to break out your check book. Maybe Tim didn't have enough to spare today?

[@RetroSpectiveMoto]

i pay cash at my dealer, i dont have receipts for my coins

[@thekiwiclipper1113]

Yep same here. I've never sold silver but luckily I only use cash for precious metals.

[@libertyjones1451]

Im stacking silver to start a small business, sure ain't a restaurant 😅

[@anneerickson6347]

States that still tax the sale on precio us metal: Vermont, New Jersey, Maine, Tennessee, Kentucky, Wisconsin, New Mexico, Mississippi, Hawaii.

[@Faradiddle]

Here in Britain any Gold coin issued from the Royal Mint and considered as 'legal tender' such as Soveriegns and Britannias are free from VAT (purchase tax) and CGT (sales tax) which is why most Brits that Do stack (albeit a minority) favour buying these coins.

[@libertyforamericanow]

I have a 1 oz gold coin that I wish i had the skills to turn into a badass necklace and bracelet

[@Will-W]

I would hop on that bar in a heartbeat if I knew it wasn't already sold. They pour ripples are gorgeous.

[@bruce5895]

If you buy Gold that is 99.50 pure and silver that is 99.9 pure there is no tax charged in Canada for these precious metals, plus the Canadian dollar is only .76 cents US, so your getting your metals 24% cheaper on the exchange rate and 28% on the tax which means an overall savings of 52% cheaper price when you buy from Canada and here is a bonus 3 of our big banks will ship it to you.

[@martinfromseacity2010]

Always some interesting tidbits, Thanks

[@LSDcards]

Restaurant bad... Gold good

[@beebob1279]

Question about gold and platinum. Maybe you can clear this up. Or maybe Tim can shed insight into my question. I can look at gold and today it's 2036.00 (plus change) for an ounce. The face value is 50.00. But I can look at Platinum and pay 1114.00 (plus change) for an ounce. The face value is 100.00. If platinum is basically half the price of gold per ounce, why is it twice the face value?

[@chipdouglas9349]

Restaurant guy you are making a good decision. High interest loan vs taking a profit on precious metas to buy another asset.

[@silverbeancounter]

Good luck to the guy selling gold for a restaurant. Gold is cash.

[@bobegan2121]

I hope Tim’s NOT retiring. He can’t. Too young!!! :)

[@hardyhector]

Let the man dream 🙏🏼😎 i hope he does good in his new adventure 😎🙏🏼 GODSPEED

[@watthaile2053]

He's young, he has time to recover. At my age, there's no recovery time left, so I couldn't do that.

[@davechristopherson8092]

Utah no tax. Gold and silver are legal currencies

[@atxhooligan]

I JUST GOT MY POCKETY PINGER AND LOVE IT! THAT SOUND IS SO SATISFYING

[@AmateurStacker1776]

Damn that pocket pinger Yankee! I need to win me one of those some day soon on a Yankee live...

[@InappropriateShorts]

All maples are serialized but you need that crazy expensive machine

[@Jjwilliamson777]

I did the same for a family restaurant spent my 40!k7yrsago I now started a farmstead covid did it in

[@watthaile2053]

Gold for a restaurant.??? Please God, intervene.

[@nickelstacking2023]

He has to do it . I have a small business . "You gots to Knows"

[@nickelstacking2023]

Like two guys fast on the draw . Neither likes killing the other , but they both have to know who is the fastest

[@messenger325]

​@@nickelstacking2023unless they both die,, then it was all.for nothing 😂

[@sccarguy8242]

As Yankee says Be the Bank ! So he is

[@joencrypto8133]

I did this 10 years ago, it was a great decision 10 years later, getting passive income from restaurant in the form distribution checks twice a year to get more shiny metals. Meanwhile in the last 10 years price of silver has gone nowhere. Cash flowing assets beats metals everytime.

[@markpong5435]

In Australian dollar gold depreciated by 20% a year for the last 20 years. And that without any effort. Restaurants require heavy work and income depends on many factors. You have to pay taxes, wages and other expenses. It is a very risky business.

[@BradYaateeh.]

You always leave me wanting more.

[@CJAKS1]

Yankee, I have a new-be question. How can expect to easily offload or trade gold, with any sense of security if Tim even can’t tell the difference between real and fake, and has to use the scanner? I’m sure it’s only a matter of time before con artists figure out a way to even make coins ring the same. It seems that the forgers are undermining the whole system.

[@sonofhibernia8872]

Pamp Suisse also have the veriscan option on the packaging. You can't fake that.

[@Robert_Baxter]

Love the info from Tim today great video Yankee and God bless. Here in Redding California, if you spend more then 1500 you didn't have to pay tax and now they just upped it to 2000. Crooks.

[@bobegan2121]

Thanks President Gavin Pelosi Newsome

[@NovaMcKay]

Leave California bro come here to Arizona just don't vote Democrat.

[@jimhutchison3808]

I was hit with that myself, called the vendor complaining about tax on a $1700 purchase and found out the hard way about Gov. Gruesome latest money grab 😢

[@-Milo]

Nice, I’m from Chico

[@bill4572]

Some coins would not know what ones micro engraved that is very good to do

[@gooddog8707]

Canadian one ounce Maple has a serial number inside the tiny maple leaf. They are called DNA gold bullion.

[@JC-yf1tc]

Yankee le ha forrao la tienda de clientela a Tim 😄

[@Useless_Knowledge07]

The IRS business loan interest deduction lets you write off the annual interest you paid on a business loan. With the business loan interest tax deduction, you can deduct the amount you paid in business loan interest from your tax liability. This deduction reduces the amount you owe in taxes.Oct 27, 2022

[@greyballer1671]

I have a large silver stack and a small gold one. Dont have any receipts....😢 I've always thrown them away.

[@valeriemckay7064]

Got my Tim (and Yankee) fix.

[@joseaguirre7914]

I want to go to Tim's shop and meet him and Yankee . It sucks I am located in California L.A if I was even closer I'd drive back and forth I wish the best for that man I'm a sue chief and it sure is hard believe me dreaming is easy doing it is harder yet satisfying

[@ferebeefamily]

Thank you gentlemen for the video.

[@David_Quinn1995]

if you get a receipt showing proof that you bought something just keep it, there is nothing bad about keeping track of that and you may get more for showing proof that it is yours.

[@Useless_Knowledge07]

Not to mention you can prove a lot like time of investment, cost which could mean less taxes for sure and the amount of tax liability...? Plus where you got it from incase fake..or stolen..

[@Useless_Knowledge07]

@@stevel6660 no for making an income thru the biz. The gov gets a % after expenses.

[@olegpetelevitch4443]

Got one top machine ! Thank you for the info !

[@aithawn1261]

Wow amazing

[@WELBuilt02762]

Another great video. Thanks to both of you.

[@damianmarley1209]

Love the video. Was looking at your store and was hoping to see a new channel round for sell

[@rkroger0183]

Where is his store?

[@StrongStacker1]

Great job guys

[@triple9fine]

Can’t say I blame her. Perth mint makes some beautiful coins.

[@bingbong7316]

The "Happy Birthday 2023" really tickles me, but lawks, not cheap. I might and I might not lol.

[@triple9fine]

@@bingbong7316 if it brings you that much joy, get that coin.

[@stevewoods8116]

I am stopping watching a couple minutes early to come watch you live.

[@slowride9994]

So if I plan to sell some silver should I bring in my receipts at the same time? Or is that just for gold?

[@00kt86]

Mississippi has eliminated the sales tax on gold and silver as of July 1 2023

[@steadyrow]

Guys, gold is a retirement plan. You buy it and keep it.

[@nickolaskunz5735]

Nah it’s your to decide, sell it if ya want.

[@williamdavis3578]

Tax money no way ...If taxing a gold eagle they tax what you pay but I think it should be taxed on the $50 on coin

[@pepsiman2770]

Hey Yankee, what can you tell me about 2022 2oz aus silver dingo coin. I just wanted your opinion.

[@DustySplinters]

Let's talk Sterling Silver Flatware and other items. I love Sterling since there is almost zero premiums and some other pros like hiding it all in plain sight and low possibility of confiscation.

[@marckoplin9738]

Carved Initials On Coins

[@marckoplin9738]

Carved Name, A 1 Letter Design would Identify bullion, Who Cares If its Scratched In MK,, It's amazing how easy you can scratch Bullion Gold & Silver.

[@InGratitudeIam]

Going into the restaurant business is gutsy. Going into the restaurant business with what's happening to our economy and where it will be by the end of the year, beyond gutsy. If only he had waited until the first quarter of next year. So close.

[@4funrc11]

eBay now charges sales tax on ALL coin sales!

[@JRJStacks]

We desperately need a stackers forum for bst

[@rustyshackelford3371]

Screw eBay!

[@762foryou]

I want to go to that dude's Thai place sooo bad. Too bad I'm 2500 miles away. Silver is still a better deal right now.

[@gchristopherdubois3303]

Ouch. GOLD for restaurant start up or continuance. Restaurant may last months or a few years most likely.... not what I would do. But our wisdoms vary, and that's beautiful.

[@toejam503]

I wonder if the Feds could get get info off your phone or phone records on using the Pocket Pinger?

[@georgemarcouxjr6192]

I wouldn't be surprised

[@lovebugzz6190]

Great video😎

[@Salivatehelpline]

ᴀᴘᴘʀᴇᴄɪᴀᴛᴇ ʏᴏᴜʀ ᴀᴜᴅɪᴇɴᴄᴇ! ꜰᴏʀ ꜱᴜᴘᴘᴏʀᴛɪɴɢ ɪ'ʟʟ ꜱʜᴀʀᴇ ᴡɪᴛʜ ʏᴏᴜ ꜱᴏᴍᴇ ʙᴇɴᴇꜰɪᴄɪᴀʟ ɪɴꜱɪɢʜᴛ. ʟᴇᴛ'ꜱ ᴄᴏɴᴠᴇʀꜱᴇ ᴡɪᴛʜ ᴛʜᴇ ᴡʜᴀᴛꜱᴀᴘᴘ ɴᴜᴍʙᴇʀ ᴀʙᴏᴠᴇ☝️☝️

[@shadowscreamer1]

I have a silver Buffalo that has the correct weight, passes the magnet test, but absolutely no ping…I mean nothing but a solid thud. What could it be?

[@Mike-sr6gd]

I hear there are a lot of fakes of those. Lots of different companies making them in various forms. Big reason I stay away from generic rounds. I prefer 90% and bars

[@shadowscreamer1]

@@Mike-sr6gd I bought it from a reputable dealer, haven’t had an issue until now

[@Mike-sr6gd]

@@shadowscreamer1 hhhmm possibly the dealer didn't know it was fake assuming it is. Most dealers can spot fakes pretty well just from experience. I would be very cautious going back there again, and I would recommend getting whatever you wanted to by tested at the shop during purchase. As I stated in my other comment I prefer 90% because they are very rarely ever faked because it's not profitable for counterfeiters to make a let's say 25 cent pre 64 quarter that is worth around five dollars. Much more likely they would fake a coin with a key date or is much rarer with a much higher value. Hope this helps you and others God bless

[@rustyshackelford3371]

I don't know how reliable the ping test is. I saw a video of someone doing a ping test on a bunch of silver coins that came straight from the mint. A couple coins failed the test. And it was a government mint, don't remember which one.

[@nelsonr1467]

​@shadowscreamer1 only really way to know it to cut and look in side. I mean just do with one.

[@aaronShmackles]

Like the new tech

[@jamesballiet5862]

No sales tax in scarolina

[@bigstyx]

Most of the 80s silver was cheap just for a small part of the 80s silver was highj

[@Useless_Knowledge07]

Tim was like, restaurant, what kind of restaurant?? Trading in his gold instead of just getting a business loan..

[@michaelfranks341]

Cant get business loans right now at all. Banks have shut giving out loans for high risk loans

[@Useless_Knowledge07]

@@michaelfranks341 According to the seller he could have taken out a business loan but they quoted him 5% interest rate.

[@rickyfleshman7856]

Love your videos, very educated Does Tim have any free samples lol

[@tonydanzl]

OKAY, that was silver, most of us have seen or own 100oz Silver bars... NOW let's see the BIG GOLD BARS !!! 🤠✌️

[@amyharrell251]

Fingerprints on the 100 ounce bar

[@-Milo]

Best of luck on his restaurant

[@gameman3652]

Have a few friends that own a restaurant. To succeed, you got to be the chef. But once it kicks off, they are profitting 40k+ per month. Profit. Not gross. Per month. They make more money per month than someone does per year. Who says restaurant business ain't good?

[@mikeoneil5770]

For every restaurant that succeeds, 125 of them fail..

[@kareyrose]

The Perth mint has cute coins!

[@goldsilverjunkie]

LOL😅 TIMS MIC PICKED UP THE GUYS LOUD😅 GUM CHEWING

[@maverick1956hk]

I hope its not a pizza business in New York! You will have to microwave your pizzas!

[@marckoplin9738]

Carve Initials Easy TO Make This Gold Buffalo Personal.

[@PabloTBrave]

When they show you proof of ownership does the shop take that with the purchase , otherwise I can buy a small quantity of legit coins and steel loads and use the same receipt over and over again at different shops trading in my stolen coins