10 Things I Wish I Knew Before Buying Silver and Gold

Рет қаралды 16,498

Жыл бұрын

Make the best of your purchases and Do This Before Buying Silver and Gold. I wish I knew these ten things before buying silver and gold. It took a while forme to figure this out over time and I wanted to save you some time and frustration, I hope it helps.
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Be smart and patient. Manager your emotions and buy with confidence knowing you've done your research. Wealth is made in the bear cycle!

Пікірлер: 195

@Death_From_Below Жыл бұрын

I prefer local bullion as you say but those 10 oz RCM and Perth Mint Dragon bars are hard (impossible) to pass up. The U.S. Mint is missing the boat on bars and tenth ounce buffaloes.

@SilverBritches Жыл бұрын

They’re leaving money on the table!

@TalkingBullion Жыл бұрын

Great video. I don't share my personal game plan with anyone for obvious reasons but I can tell you, it is all important. One of the most important IMHO is having cash stashed with your PM's. The likelihood of cash being worth zero anytime soon is very small. It will be needed to get you by with whatever scenario you are facing. Thanks CM!

@SilverBritches Жыл бұрын

Hey TB great to see you sir. I hope everyone is all doing well. Thanks for swinging by sir.

@silverhustlin1390 Жыл бұрын

Definitely!

@TheSilverBackStacker Жыл бұрын

I agree with the list. Thanks for taking the time to make the video.

@SilverBritches Жыл бұрын

You bet. I like these types.

@rodneyparker5313 Жыл бұрын

I used to collect coins, now I just buy the cheapest generic rounds I can find. At the end of the day if silver goes to 200 an ounce, premiums on specialty coins will go away. An oz of silver will be an oz of silver. It's all going to the smelter.Also, never buy fractional silver.

@SilverBritches Жыл бұрын

Never ever buy fractional silver!

@Eli-qr9hc Жыл бұрын

Always good to revisit. Great idea

@SilverBritches Жыл бұрын

Thanks Eli!

@StackMore Жыл бұрын

Absolutely a beautiful stack! Great Gems you’re dropping! Continued Success!!!

@SilverBritches Жыл бұрын

Much appreciated

@ponzo1967 Жыл бұрын

Florida you either buy Eagles or spend $500 to avoid sales tax. It's different in every state though.

@SilverBritches Жыл бұрын

It’s so weird but that’s what makes a perfect union. State’s rights.

@jessec5713 Жыл бұрын

MD is tax unless you spend $1,000 or more.. 🫤 That’s the reason most of us in this community here wait an entire month to buy

@SilverBritches Жыл бұрын

Makes sense. Tax on physical money is unconstitutional.

@glutemaster Жыл бұрын

Wow, $500!!? In Kommifornia with Newsolini, we have to pay $1,500 to avoid sales tax.

@SilasMarnerAuAg Жыл бұрын

@@glutemasterand in the red state of kentucky, we have to pay sales tax on all PM purchases regardless of the amount

@72cmcinc Жыл бұрын

Excellent list, well said!

@SilverBritches Жыл бұрын

Thanks!

@SilverStruck Жыл бұрын

Great video! I love the reverse proof ASE's- right on number 9! Agree with 10 as well, cash on hand will buy food when the power is out 👍👍

@SilverBritches Жыл бұрын

It sure as hell will!

@Staygoldponyby Жыл бұрын

I agree with the tax laws wish I knew more..I wish I would have gotten into metals when I was younger

@SilverBritches Жыл бұрын

Me too!

@mdavid2100 Жыл бұрын

Great informative video. Thanks, Clean Money.

@SilverBritches Жыл бұрын

Thanks for watching MDH!

@bigo2032 Жыл бұрын

Great advice, thanks for the heads up,Keep Stackin bro

@SilverBritches Жыл бұрын

Thanks, will do!

@JimmyLicari Жыл бұрын

Great points and tips my friend! I always appreciate other's perspectives and inputs on different topics and subjects.

@SilverBritches Жыл бұрын

Glad it was helpful! I’ll try to find more like this.

@tonyp2632 Жыл бұрын

10:05 PVC damage on coins results from improperly storing coins in soft plastic flips or other plastic coin holders containing PVC.

@angel.maldonado Жыл бұрын

Great video. I agree with your list. Keep it up!

@SilverBritches Жыл бұрын

Thanks! Will do!

@Quahogstacker Жыл бұрын

Great video thank you for sharing your experience and some awesome information

@SilverBritches Жыл бұрын

Thanks for watching! I enjoy making videos like these.

@andyb8838 Жыл бұрын

Thanks!

@SilverBritches Жыл бұрын

Once again Andy my humbled by your generosity sir!

@CarlDi3trich Жыл бұрын

"My pyramid is off. Oh well. I'll have to buy more." ❤

@SilverBritches Жыл бұрын

It’s true 😆

@richpederson6691 Жыл бұрын

Nice video, very good list you made there.👍

@SilverBritches Жыл бұрын

Thanks Rich!

@vm.999 Жыл бұрын

Thanks for the video fam

@SilverBritches Жыл бұрын

You bet

@send2georgie_S2G Жыл бұрын

Good to go back to basics once in awhile Britch. Great video and yes the bars do look a lot better in capsules. Cheers and keep on stacking ✌🏻😊

@SilverBritches Жыл бұрын

Yes they do! Free the bars!!!

@liquidstacker8781 Жыл бұрын

Great video!, I had to ditch those garbage bags on my RCM bars as well. They look so much better in the capsules don't they?

@SilverBritches Жыл бұрын

Yes they do most definitely!

@saint-bj4sd Жыл бұрын

In my state of washington, cash is king and the king says no tax on what you can't digitally trace or sell...

@SilverBritches Жыл бұрын

😆😆😆

@mikenelson7894 Жыл бұрын

Your making a whole lot of sense. Agree 100%

@SilverBritches Жыл бұрын

Thanks Mike!

@martinrev8487 Жыл бұрын

Good share. Agree on stacking local bullion, especially sovereign coins. It gives your stack a prepper edge, and helps on the sell side.

@SilverBritches Жыл бұрын

I agree Martin.

@ponzo1967 Жыл бұрын

I wish I would have known how much prices would go up because I started in 2018. My LCS was dropping Eagles for $17, I would have bought him out LoL

@SilverBritches Жыл бұрын

No doubt!

@bullionaddict9164 Жыл бұрын

Someday when I build my Time Machine I’m going to back and fix all my mistakes 🧐

@SilverBritches Жыл бұрын

😆😆

@AnxiousStacker Жыл бұрын

Definitely a great list and agree with all of it. Especially with creating more revenue. My side hustle dried up so I have to figure out another one or two. Im looking all over for a reverse proof Libertad and RP eagle, unslabbed to save money

@SilverBritches Жыл бұрын

You got this Anxious!

@TheQuickSilver101 Жыл бұрын

This was excellent! You should consider posting this video to your Home page here on KZfaq. Thanks!

@SilverBritches Жыл бұрын

Thanks for the idea!

@thesarge4457 Жыл бұрын

Wish I had an LCS in my little town like yours, sometimes they have coins, sometimes they don't. Agreed. Thank You Sir.

@SilverBritches Жыл бұрын

Any time!

@SalivateMetal Жыл бұрын

A great list that people need to consider. So many things that people learn late in the game. Capsules are great for these bars., I need to get some for my sunshine mint bars. What software did you use for the text in this video?

@SilverBritches Жыл бұрын

Final Cut Pro @SalivateMetal

@SalivateMetal Жыл бұрын

@@SilverBritches Thank you!

@SilverBritches Жыл бұрын

@@SalivateMetal my pleasure sir

@TheirsHopewithJesusChrist_277 Жыл бұрын

Thank you both for all that y'all do for the stacking community, God bless you both stay consistent and stack smart :)

@riyadhbaksh2415 Жыл бұрын

Nice stack. Where do you get the case for the 1oz rcm bar?

@SilverBritches Жыл бұрын

Type in on fire guy on Amazon. He’s got a store.

@PreppingWithSarge Жыл бұрын

Yeah man, definitely learn a lot in first year of stacking and people should be ready to adjust their strategies accordingly

@SilverBritches Жыл бұрын

Absolutely Sarge!

@anecdotalecon Жыл бұрын

Wait wait wait? You like your money clean? Damn. Learn something new everyday. Thanks for the vid.

@SilverBritches Жыл бұрын

Appreciate it bro. Keep grinding out those videos.

@skullstaxx Жыл бұрын

Great list. If we all could just see the future

@SilverBritches Жыл бұрын

Hell I can barely see this comment 😆

@David_Quinn_Photography Жыл бұрын

1st time to watch your videos and damn you hit it right on the money, especially about tax laws, I am near 3 other states every single one is different with metals, 1 doesn't tax at all, 1 taxes none US coins and bars, 1 state taxes numismatic value, then my state taxes you if you buy less then $1000 worth of metals so depending on my budget dictates what LCS I am going to and #10 is a must where I live we have random power outages all it takes is some good gust of wind and I may go without power for 2 days so cash is very much so a need and I know so many people who only have a card 1 single card to their name and every time the power goes out they need cash loaned to them and you'd think after 25 or so years they'd know cash is king.

@SilverBritches Жыл бұрын

Maybe you should lend them cash and charge interest 😆 appreciate the comment Dave.

@mikeizza8244 Жыл бұрын

im in the us, no way im stacking eagles

@sekoushumba8115 Жыл бұрын

Nice job

@SilverBritches Жыл бұрын

Thanks!

@andyb8838 Жыл бұрын

Tell it like it is!! Thank you.

@SilverBritches Жыл бұрын

You are so welcome!

@italiang8470 Жыл бұрын

Very good video

@SilverBritches Жыл бұрын

Thanks Mr. G!

@sirstacksalot991 Жыл бұрын

I am pretty lucky that the online dealer I go threw let's me make payments on my gold purchase at no extra cost. It allows me to make bigger purchases and to stay within my budget.

@SilverBritches Жыл бұрын

That is awesome!

@rcasper1809 Жыл бұрын

Like your advice.. with stacking your own country mint.. I made a mistake at start, now im tying to rectify now.. been collecting for 2 years.. and at the start you just like everything you see! like a kid in a sweet shop. Royal mint from UK quality control is the worst.. Austria always seem to be quality and designs, but problem down the line selling and taxes ..

@SilverBritches Жыл бұрын

Thanks Casper. I try to bring balance to the pms.

@sestacker Жыл бұрын

100% agreed, I stack generic Bullion, and yes Cash is important to have, sweet Stacking

@SilverBritches Жыл бұрын

👊🏼👍🏼

@ThaValle760 11 ай бұрын

Where can I buy silver for starters?

@mr_digdeeper Жыл бұрын

Beautiful!

@SilverBritches Жыл бұрын

Thank you!

@Sniper.925 Жыл бұрын

I never pay taxes....cash deals only

@glutemaster Жыл бұрын

Where did you get the capsules for those RCM Bar, and what are the dimensions? All the capsules I find say they will not fit RCM Bars.

@SilverBritches Жыл бұрын

Amazon 10oz Silver Bar Direct Fit Air-Tite Capsule Holder Qty: 5 a.co/d/gtJdke4

@glutemaster Жыл бұрын

Thanks, ordered!

@mshunter5042 Жыл бұрын

What about clad silver or gold??? And what yr morgan , liberty 's are good to buy

@SilverBritches Жыл бұрын

I normally stick with pure silver or gold. As far as particular years, I try to stay away from that sort of thing because it’s more expensive. I usually go for as much weight as possible.

@sterlingcannabis Жыл бұрын

If anything I would have concentrated more on constitutional silver and gold. The things you brought up are important and often fluid issues for each person. 🤷‍♂️

@SilverBritches Жыл бұрын

Thanks Sterling!

@silverhustlin1390 Жыл бұрын

Good list! There’s no tax on peer to peer sales?!

@SilverBritches Жыл бұрын

Not that I can report 😆

@silverhustlin1390 Жыл бұрын

@@SilverBritches or should…..

@xuesje Жыл бұрын

Were do you buy your 10 oz bar capsule and were can you buy the canadian mint bar? My dealers here in Europe don’t sell them. I really like this design.

@SilverBritches Жыл бұрын

I usually buy locally. That’s a tough call because I have no clue about European dealers but usually there’s folks in the states who ship internationally but it defeats stacking because it’s a steep price.

@xuesje Жыл бұрын

@@SilverBritches thanks for your reaction! Hopefully I will found a dealer🫣

@Virgin_Stacker Жыл бұрын

APMEX does sell small security boxes/safes.

@SilverBritches Жыл бұрын

They sure do.

@5.0beers70 Жыл бұрын

Good video, I still don't have a safe but I did get a home security system.

@SilverBritches Жыл бұрын

Get something 😆😆

@igglybiggly6951 Жыл бұрын

My Rottweiler and Corgi are my alert systems and the shotguns and variously placed Sigs and Glocks in the house are all I need

@SilverBritches Жыл бұрын

Judging by my analytics most of have your protection too 😆

@5.0beers70 Жыл бұрын

@@SilverBritches Yeah, I got plenty of condoms.

@SilverBritches Жыл бұрын

@@5.0beers70 😆😆😆😆😆

@edwardscissorhands4007 Жыл бұрын

KEEPIN' IT REAL

@SilverBritches Жыл бұрын

Only way I know how!

@whatmattersmost6725 Жыл бұрын

PLEASE PLEASE PLEASE get someone ON and even protect there identity...WE NEED THIS PLEASE Clean Money....

@SilverBritches Жыл бұрын

I’ll see what I can do. It’s tax season so everyone is slammed at the moment.

@goldmaple5290 Жыл бұрын

Here are some things I should have known when I started buying precious metals. I should have bought more bullion less numismatic coins. I should have bought more gold even if I could not afford to buy 1 oz - maybe 1/10th or 1/4th oz gold. I should have bought more gold Eagles and Maples, Silver Eaglrs and Maples because these have risen in value. I should have bought more limited minted key date numismatic coins classic Morgans, Peace, Canadian voyageur dollars- some have doubled or tripled in value. I should have saved some of my clad coinage to check for errors - you get good money for error coins even if they are not made of silver or gold.

@SilverBritches Жыл бұрын

Well said.

@jamiefox1045 Жыл бұрын

I like capsules for my 10 oz bars too, but the prices for them..😮

@SilverBritches Жыл бұрын

They ain’t pretty 😆

@jonson4201 Жыл бұрын

I love Perth mint for the price and the quality of the gold, as well as Canadian for the quality and lower premium. I have more Perth fractional than I do US or Canadian. Also I cant seem to pull away from the 1 oz Perth gold as well for the same reasons. I’m in the states. In your opinion should I eat the bigger premium and focus on eagles and buffalos, is Perth and Canadian harder to liquidate? Great continent as usual. Rise and grind sir.

@SilverBritches Жыл бұрын

It really depends on your area or how you ever resell. I absolutely adore Perth Mint gold too, I normally would only get spot locally but I’m in it for the long haul.

@jonson4201 Жыл бұрын

Appreciate your input. My plan is to use it as a retirement supplement, or best case leave to my son. I have never sold anything I have acquired so the liquidation part is still a bit of a mystery. I’m in the Rocky Mountain region but may relocate back to my roots to a warmer southern state for the golden years. Thank you again.

@SilverBritches Жыл бұрын

Cmon down to Georgia there’s plenty of room.

@jonson4201 Жыл бұрын

❤ I miss the south so much!! Good people and great cooking!!! You may have another local subscriber in a few years!

@alexpearson8481 Жыл бұрын

Here, once ounce pays the same. 1 ounce is 1 ounce at the coin store. I wish the stores would share a little more on buffaloes, either on the sale or on the sell, if so I’d be all in on buffalos. But the premium is just too high.

@smith1979 Жыл бұрын

What is your take of opening full tubes?

@SilverBritches Жыл бұрын

If you can count them from inside leave them in there sealed.

@dalzcoins7528 9 ай бұрын

Wow nice coins ❤❤❤👍👍🙏🙏

@womblestacker7993 Жыл бұрын

Nice bars

@SilverBritches Жыл бұрын

Thanks Womble!

@womblestacker7993 Жыл бұрын

Look at all that nice womble stacker

@SilverBritches Жыл бұрын

😆😆😆👍🏼

@sanpedrosilver Жыл бұрын

What did you pay for the RCM bar and the Eagles ? Curious.. Thx

@SilverBritches Жыл бұрын

The eagles were $31 I think and the rcm was $270.

@sanpedrosilver Жыл бұрын

@@SilverBritches Cool. Thx

@jdeidiker Жыл бұрын

Below TL15 is the UL for the US and S2 for Europe. Not as good as a TL15 but much better than a cheap safe. From what I gather, these safes will withstand 5 minutes of similar efforts as the TL15, which can handle 15 minutes of expert concerted efforts to break in to.

@SilverBritches Жыл бұрын

Something is better than nothing.

@IslamAhmedhrd 6 ай бұрын

What is the best website to use daily to monitor the prices of gold and silver in Canada?

@SilverBritches 6 ай бұрын

I stick with trading view.

@IslamAhmedhrd 6 ай бұрын

@@SilverBritches can you elaborate please

@SilverBritches 6 ай бұрын

It’s an app you can download. It’s called trading view. I save my personal favorites on it.

@sanpedrosilver Жыл бұрын

TL-30 is definitely the way to go. Used ones are much cheaper and work just as good as a new one. They are out there

@SilverBritches Жыл бұрын

They’re tanks!

@sanpedrosilver Жыл бұрын

@@SilverBritches I can vouch 👍🏼

@Whateva67 Жыл бұрын

@@sanpedrosilver TRTL 30 by 6😊

@eddiejones-fm7pr Жыл бұрын

At least a TL 15 rated safe. Especially if you are insuring the contents. Gun safes can be pried open with a crowbar. Foreign metal have to be reported generally when selling 25 or more ounces. An IRS form will need to be filled out. I don't do collectibles. Worry that in a pinch, I couldn't get my investment back. I keep my bullion in tubes and never look at them. My monster box(s) remains sealed (more liquid, easier to sell back to the dealer ). The only commemoritive I have is the 225th Anniversary African American lady liberty. It has appreciated much. I'm a big fan of local bullion as well.

@SilverBritches Жыл бұрын

I’m a big fan of yours Eddie by the way it sounds.

@eddiejones-fm7pr Жыл бұрын

@@SilverBritches And I yours 😉

@silverhustlin1390 Жыл бұрын

Would you fill out a tax form peer to peer? You guys seem quick to give the man some more $

@newenglandstacker Жыл бұрын

Appreciate the list - especially #10. Been seeing a lot of KZfaqrs tell people to convert 100% of their savings into PM lately. Terrible advice; straight-up reckless, IMO.

@SilverBritches Жыл бұрын

Stay away from fear mongers. They’ll get you wrecked or cause you to lose out on building wealth.

@newenglandstacker Жыл бұрын

@@SilverBritches 💯