Tampa Bay Coin Shop Premiums | How To Buy & Sell Silver & Gold | PM Market Update 5/16/24

Tampa Bay Coin Shop Premiums | How To Buy & Sell Silver & Gold | PM Market Update 5/16/24 #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:
springhillcoin...
Must Know Formulas For Silver & Gold Stackers:
• Must Know Formulas For...
Payment Via Cash, Check, Wire, Zelle.
#JunkSilver #Gold #Silver #Cash #VermillionEnterprises #Vermillion #SpringHill #Florida #AmericanGoldEagle #SilverEagle #SilverBar #SilverOunce #Kitco #Apmex #Coin #MorganSilverDollar #SilverDollar #PeaceSilverDollar #Krugerrand #MapleLeaf #Cashforgold #JMBullion #SilverTowne #Engelhard #Platinum #Palladium #Rhodium #NGC #PCGS #ICG #ANACS #Currency #investinyourself #silverstacking #silverstack #goldstacking #coinshop #coincollecting #numismatist #numismatic #investing #investor #ideas #knowledge #recession #inflation #smartmoney

[@vermillionenterprises]

Foreign Gold has SOLD OUT!

[@rickbloodworth7068]

Thank you Brian and Tim! After doing this for over 40 years, I still get valuable insight (as opposed to sales pitches most channels offer) just about every time I tune in. I appreciate your videos!

[@vermillionenterprises]

Thank you for watching, we greatly appreciate it.

[@72cmcinc]

Always good info, thanks guys!

[@shiftomnimega]

Thank you for asserting people learn about what they are buying. You did so as nice as possible.

[@vermillionenterprises]

Thank you

[@JFEnterprize]

Costco bought up all the silver eagles and many distributors can’t get them now.

[@vermillionenterprises]

Interesting.

[@frankabler]

10 oz. RCM silver bars too. Almost all the big online retailers are 1 month back-ordered on those because of Costco.

[@HialeahRefugee]

Another great day

[@vermillionenterprises]

Indeed!

[@jasonandjulim4163]

ASE to Gold ratio is getting interesting.

[@Johnsmith46392]

Wow gold at spot!

[@vermillionenterprises]

Come and get it!

[@Johnsmith46392]

@@erichansen3641 somebody has no business buying precious metals if they haven’t figured that out.

[@808bAler]

That note sitting on the screen while Brian was explaining the face value conversion for constitutional silver is GENIUS!

[@estevan9985]

Very professional, thank you.

[@vermillionenterprises]

Thank you for watching.

[@IMDunn-oy9cd]

I've got another 3 kilos of sterling heading your way today.

[@vermillionenterprises]

Thank you, we appreciate it!

[@rolandocastaneda4429]

Do you guys buy sterling silver that is gilded?

[@vermillionenterprises]

As long as it is actually silver.

[@edwardsawtell5712]

Thanks for the updates!

[@vermillionenterprises]

Thank you for watching.

[@jeffgoodman3108]

Please explain your definition between spot and melt? Thank you

[@vermillionenterprises]

Please see this video: kzbin.info/www/bejne/eZ-zdWWHd7CbsJosi=yFiaCD3vwEgTTDI7

[@Lee-v7u]

Great information, as usual. Thanks!

[@vermillionenterprises]

Thank you for watching.

[@BillEvans-sy2oi]

Hi guys I’m looking for a tube of 2005 and a tube of 2008 silver eagles was wondering if you had any in stock

[@commanderone7502]

How about explaining to us “why you are not restocking” certain items?

[@vermillionenterprises]

do not want to get caught, if/when market drops

[@thevikingstacker5794]

Another great video guys!!!

[@vermillionenterprises]

Thank you for watching.

[@michaelrussell5736]

Are the 1/4 gold AGE’s?

[@vermillionenterprises]

Yes, they are 1/4 oz American Gold Eagles

[@fernandojimenez5700]

Thank you for the information.

[@vermillionenterprises]

Thank you for watching.

[@robertgrimaldi7589]

Good morning guys

[@vermillionenterprises]

Morning.

[@mazdafiero112]

How I wish I lived near you!

[@scotth388]

Great video, appreciate the math lesson! Question on scrap metal...we can mail that in with a copy of ID for evaluation? The refinery pays you spot? How do they make money...that would be a great video.

[@vermillionenterprises]

1. Yes. 2. That would be a question for a refinery.

[@frankabler]

The refinery makes money on spot purchases of gold from Brian because they sell their product (gold bars) for more than spot. Brian said the other day that all the scrap gold he sends to the local refinery is being bought by the RCM which is then reformed into gold Maples. Since the RCM sells gold maples for well over spot, you can see how the RCM is able to pay the refinery spot for the gold they turn into Maples. You see? Due to the high cost of gold Maples, everyone is able to make a profit here. It's crazy that Brian buys back-dated gold Maples. Sells that gold to the refinery. The refinery then melts that gold down and sends it to the RCM. The RCM then takes that gold and makes 2024 dated Maples for sale to the public. 2023 dated and earlier Maples are melted down so that 2024 dated Maples can be created and sold to the public. Maybe this is in part because Costco cannot sell "used" Maples to the public at their stores. I mean it's just not realistic for Costco to sell "used" Maples to their customers. Crazy!

[@MrDGoldchains]

who's spot quote do y'all use

[@vermillionenterprises]

Mainly Kitco bid/ask

[@waitaminute7257]

Why do you send the foreign gold like Krugerands to the refinery?

[@vermillionenterprises]

We don't stock it, when we do get it in we sell it as quick as possible so when can get our lick. Please see the following video: kzbin.info/www/bejne/qqCTm6eOd96IiKs

[@waitaminute7257]

@vermillionenterprises cool thank you 👍

[@frankabler]

Because Brian can't take the chance that gold may drop $100 overnight. That's very unlikely, but a loss like that could severely hurt the financials of the company. Therefore, slow sellers like foreign gold gets shipped immediately to the refinery to lock in an immediate 2% profit on sale to the refinery. It's best to lock in a guaranteed 2% profit than to take the chance that gold may drop $100 overnight at these ATH gold prices.

[@vermillionenterprises]

@@frankabler Bingo