Tampa Bay Coin Shop Is Turning & Burning Gold & Silver - Precious Metals Market Update -

[@vermillionenterprises]

Come on by the shop.

[@vermillionenterprises]

@@timgibson3754 i am not sure how you got there, we are always buying and selling

[@rcstout6475]

Brian and Tim, can’t thank you guys enough for the timely, weekly information. Much appreciated.

[@vermillionenterprises]

Thank you for watching, we appreciate it

[@IMDunn-oy9cd]

It's always interesting to hear the behind-the-scene explanations of the metals market.

[@vermillionenterprises]

thank you for watching we appreciate it

[@conspiracystacker]

You all are just incredible assets in this community ❤

[@vermillionenterprises]

thank you...greatly appreciated

[@jbgant8513]

Good morning. Thanks for the updates.

[@vermillionenterprises]

Thank you for watching

[@emilevoyer123]

Thanks for the great video

[@vermillionenterprises]

Thank you for watching

[@rickbloodworth7068]

Exchanging something real for something that doesn't exist! One of your best observations among many.

[@vermillionenterprises]

thank you sir, for watching

[@Cougelly1999]

Silver and gold have been a remarkable investment over the years. Historic, too.

[@wi.dave3812]

Your take on the gold and silver industry is interesting. I’m listening attentively.Thank you 😀🇺🇸

[@vermillionenterprises]

Thank you for watching

[@michaelporter5679]

Another great and informative video guys.😃👍

[@vermillionenterprises]

Thank you for watching, we appreciate it

[@bkminf]

Thanks for all the information! Very interesting. Still stacking!

[@vermillionenterprises]

thank you for watching

[@charleswilson6789]

Good video

[@vermillionenterprises]

Thank you for watching

[@freedomwillring6749]

You hit the nail on right on the head with your description of Crypto. Something you can hold in your hand that's been valuable since the begging of history, verses a "ownership" in a binary code program? I couldn't agree with you more. Now if you were to offer to sell me some tulips if I were living in Holland, that would be a totally different response. LOL

[@StrongStacker1]

Great job 👏

[@vermillionenterprises]

Thank you for watching

[@rhedde9794]

Vermillion enterprises, First of all, i appreciate your business and your KZbin videos. You sounded disappointed that you didn't sell a maple leaf (gold) as you mentioned, despite your very good price. I am sure you realize that so many of us live nowhere near Spring Hill, FL. It is very possible that many of your would -be mail order customers would be happy to buy your maples, roos, etc at your great prices and patiently wait until after Christmas for you and your team to ship them out. Customers understand the reasons why you don't wait to ship until after Christmas season. Many blessings to you and your families.

[@fillibus11]

I agree 100%. I live in the Houston area and would be ready to buy 4 of the maples, but...

[@vermillionenterprises]

no point in shipping gold bullion at spot, can lay off on refinery for little less and no risk

[@vermillionenterprises]

@@fillibus11 no point in shipping gold bullion at spot, can lay off on refinery for little less and no risk

[@stevesyverson8625]

As Vermillion Enterprises goes, so goes the country.

[@vermillionenterprises]

i am not sure about that, but we definitely appreciate the sentiment

[@loop1800mickey]

THANK YOU SIR ❗️

[@vermillionenterprises]

Thank you sir

[@russelldavidson8417]

I have a very small amount of crypto, mainly because it's interesting and fun to watch the swings. But my silver and gold in hand is my store of wealth. I have never lost value in precious metals. Fiat and crypto have never lasted as a currency for thousands of years. Metal will always have a value of some sort. That's my 1861 two cents.

[@INTERNETVID]

Same here and very well stated.

[@vermillionenterprises]

i like it

[@davidf3883]

The people who live near your shop are fortunate! Your shop is more valuable than the local banks.Doesn't sound like FL is the place it use to be. We are quickly becoming a third world country and no one will be able to stop it.

[@vermillionenterprises]

i appreciate the kind words....florida is still a great place to live, wouldnt want to live anywhere, but it has become super expensive

[@frankabler]

Donald Trump?

[@vermillionenterprises]

@@frankabler LOL...he has not been in yet

[@TimeOrDistance]

So they are turning the silver stackers bought at high premium back into 1000 ounce bars?

[@vermillionenterprises]

there is some of that for sure...but mostly new product at this point

[@jaypezewalters4420]

Do you ever sell 40% off to be melted? How does that work...seeing there's a ton of copper in it?

[@vermillionenterprises]

yes, bought by the silver value

[@travdripdrip382]

I'm not to old yet but when i do go I'm starting to think I'm gonna tell my niece to go to these guys if she ever runs into hard times once i leave her my stack. I'm a few hour drive from them

[@vermillionenterprises]

we appreciate it

[@johnwesley231]

Do you do build a box. I could buy now over the phone and ship later after the busy mail season.

[@vermillionenterprises]

we do not, shipping and orders will resume in 2025

[@bensherman8976]

Gold premiums are just ridiculous.

[@bensherman8976]

Silver is a long game. You don't buy metals and then sell them 6 months later.

[@JimmyHat-k4t]

Oh no 😮😅😊 Melt it all buddy

[@vermillionenterprises]

#facts

[@William-n4q]

So it sounds like without saying it out loud is that gold and silver is going to go down down without saying that when am I getting that wrong

[@vermillionenterprises]

no not necessarily, but the demand for bullion has grossly plummeted

[@chadcook488]

@@vermillionenterprises The 'retail' demand has plummeted. Not the same as industrial...

[@119dozen55sweet]

Could it be Costco is taking a lot of business from other mint purchaser/resellers?

[@vermillionenterprises]

no, they do not mint their own product, they buy it from private mints/wholesalers, they are also not able to purchase directly from US Mint, if anything they are helping the wholesalers

[@kevinhayes9750]

Investors in precious metals do so based on expectations of spot prices. Swings in bid and ask premiums do not portray market direction.

[@vermillionenterprises]

agreed....just an indication of the demand/supply of bullion products

[@gordongekko4752]

Fed chief, Jerome Powell, said he equates crypto to gold, not fiat currency.

[@vermillionenterprises]

???

[@gordongekko4752]

@@vermillionenterprises Jerome Powell's remarks caused folks to sell their gold to buy crypto. Also, Trump says venture capitalist David Sacks will be AI and crypto ‘czar.’

[@ma-cj9ib]

Sorry to hear you're not taking checks anymore.

[@vermillionenterprises]

thank you

[@Lstacker]

Sadly I opened my bu sealed tubes after watching you guys and I had some toning I have them in a good spot and a humidifier to keep everything dry still toned😢

[@vermillionenterprises]

it happens, nature of silver...thank you for watching

[@davidf3883]

hopefully you meant dehumidifier.

[@Lstacker]

@@vermillionenterprises toning puts them in the off quality category?

[@vermillionenterprises]

@@Lstacker over toning will, milkspots definitely

[@Nikotromus]

Wow I guess I had one of the last check orders at your shop. Sad day.

[@vermillionenterprises]

could of been

[@psunitro1]

For the algorithm

[@vermillionenterprises]

always appreciated

[@traderz4788]

Interesting retail demand is dead yet "they say" silver overall is running a multi year deficit. Don't know who or what to believe but doesn't sound like a good time to be a coin shop.

[@vermillionenterprises]

not sure who "they" is, but running a coin shop in general is a very difficult task that is for sure

[@BillGuyHawaii]

I question the online sales just are worth your time. Too bad. Have a nice holiday. New Year may bring new sales

[@b-man1232]

It's crazy to me that you dont accept credit/debit cards? Most younger people - it's what they use 95% of the time. My Brother carries no cash ever....all debit card transactions.

[@BigJ-y4i]

Most coin dealers don't accept credit cards, especially not for bullion. The margins are too thin, and there is too much risk of fraud or chargebacks.

[@vermillionenterprises]

to much fraud

[@clatsopcoin8666]

What do you see happening with PM and the Trump tariffs?

[@vermillionenterprises]

all depends on Trump...could get very interesting

[@JuanRodriguez-km9hl]

The Crypto market is just too hot

[@vermillionenterprises]

super hot

[@Cougelly1999]

Juan, where is the value? It just reminds me of a Chinese Morgan!

[@sarahpark5692]

This is soft form of PM confiscation, imho through increasing taxes, inflation and crypto pump. 🤷‍♀️

[@vermillionenterprises]

i do not think that is the case, considering the US Mint makes a large share of the PMs that we buy and sell

[@RichardKut-j7m]

LCS's, burger joints, ect. not a good time for mom and pops in any business.

[@vermillionenterprises]

small businesses are getting crushed right now

[@silver-en7kl]

@@vermillionenterprisesit’s a war on small business from the communists.

[@vermillionenterprises]

@@silver-en7kl no not communists, large businesses with their lobbyists are the enemy of small business

[@silver-en7kl]

@ actually if u dive deeper into the subject you’ll find a very friendly union between big corporations and communism. They actually have common interests.

[@alangrund5031]

Lot of PM in weak hands. Need cash.

[@vermillionenterprises]

some of that for sure

[@willweed6168]

😑

[@vermillionenterprises]

¯\_(ツ)_/¯

[@botat34691]

“They will throw their silver into the streets, and their gold will be like an unclean thing. Their silver and gold are not able to deliver them in the day of the wrath of the Lord”.

[@patriotares]

Yes , that true but this pertains to the end of days and wrath of God that will be poured out on the world. Nothing at all, will matter at that time! This of course is after the antichrist reign.