Florida Coin Shop Owner & Bullion Dealer Gets Brutally Honest About Buying Silver |

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Vermillion Enterprises

Vermillion Enterprises

Күн бұрын

Florida Coin Shop Owner & Bullion Dealer Gets Brutally Honest About Buying Silver | #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:
(352) 585-9772
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-enterprises.com/
Shop our new online coin shop at:
springhillcoinshop.com/
Must Know Formulas For Silver & Gold Stackers:
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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

Пікірлер: 201
@vermillionenterprises
@vermillionenterprises 3 ай бұрын
What say you?
@JohnDoe-np3zk
@JohnDoe-np3zk 3 ай бұрын
How can holding silver matter if the price is manipulated down?
@unknown1_420
@unknown1_420 3 ай бұрын
Mornin Brian and Tim. I love silver done right you can do what I did and bought my house with silver and gold. I started back in 08 when it dropped and just in a few years in 2018 I bought my house. Thank you Brian and Tim for bringing the good info.
@peterschweighardt1946
@peterschweighardt1946 3 ай бұрын
Always great content! Thank you!
@Volkswagenplanet
@Volkswagenplanet 3 ай бұрын
I got sucked in FOMO. A few years ago. The few times I've come into the store you told me the truth and not what I wanted to hear. Thank you for the wisdom.
@bigdogs-29
@bigdogs-29 3 ай бұрын
THIS.👆Is WHY. I STACK with you...well, that and your PRICING. Lol. Btw, My check is on the way💸💸💸💸💸
@jbgant8513
@jbgant8513 3 ай бұрын
I hope the other viewers recognize and appreciate how rare this level of honesty is today.
@davemi00
@davemi00 3 ай бұрын
I agree. He doesn’t pressure or encourage investing.
@danahovorka8446
@danahovorka8446 3 ай бұрын
It’s not a con man’s game. I have bought for 12 years at $14.00, $15.00, $16.00, $17.00, $18.00 in the $20s and even $30s. My average is somewhere in the 17s and 18s. Happy I did.
@victorfrankenstein50202
@victorfrankenstein50202 3 ай бұрын
Metals are a game of wealth protection, not a 50x your investment. That would be the casino they call cryptos. Invest in bonds & equities, but buy Gold (and Silver) to protect your families wealth for the Long Term.
@gmgssilverplate
@gmgssilverplate 3 ай бұрын
Ugh. I mean I know you are being serious but that's like 30% return in 12 years. That's not good. Your 50% under water from inflation.
@venusrise
@venusrise 3 ай бұрын
If you put 1% of that into bitcoin you’d be happier by several million dollars
@johnkelly9451
@johnkelly9451 3 ай бұрын
Diversify any portfolio for multiple circumstances, at least a little of each, even a little extra food, alcohol, oil for car ect. that you will use as inflation keeps rising. We couldn't believe the prices over doubled when we go to replace what was used but glad we bought at a lower price to be able to pay the higher price later and hopefully in stock and on sale, it hurts just a little less.-John's wife
@ColoradoCarGuy
@ColoradoCarGuy 3 ай бұрын
For me, instead of going and blowing $400 at a casino, I now go buy $400 in metal and sit and enjoy it. I can't explain it, but it was the easiest way to eliminate 1 addiction and replace it was a less harmful addiction.
@davemi00
@davemi00 3 ай бұрын
You make a great point. It’s a good addiction compared to most others.
@videoluvr4204
@videoluvr4204 3 ай бұрын
true, you get to enjoy something tangible that can be sold in the future instead of never getting the money back@@davemi00
@reddon1969
@reddon1969 3 ай бұрын
Could I interest you in a game of 5 card draw with silver eagles used as "chips"?
@ColoradoCarGuy
@ColoradoCarGuy 3 ай бұрын
Dude could you imagine that? Texas holdem and a pile of silver eagles in the middle. That would be cool.
@quarter-py4nr
@quarter-py4nr 3 ай бұрын
Absolutely the truth… silver and gold are real commodities. Paper, and digital only exist when it’s profitable to someone else. It’s a club and we are not in it. ( George Carlin) if you buy low, you can and will be able to sell high. Always buy responsibly, and never listen to FOMO sells pitches. If you feel like you’re being pushed into buying , walk away. Watch big name bullion companies sells pitches to you advantage. If you see metals for zero premium… price is going to drop. Wait till next week.
@Volkswagenplanet
@Volkswagenplanet 3 ай бұрын
THE FEW TIMES IVE BEEN IN THE SHOP AND ASKED QUESTIONS. HE WILL TELL YOU THE TRUTH, NOT WHAT YOU WANT TO HEAR. THANK YOU BRIAN FOR GIVING ME THE TRUTH.
@Knife_Collector
@Knife_Collector 3 ай бұрын
What I see from a lot of people is, they say they want cheaper silver so they can back up the truck, then complain because spot doesn't go to the moon.
@JALRML1251
@JALRML1251 3 ай бұрын
That's a fact! Silver is a way for privacy and savings. I'm sure you know it.
@willweed6168
@willweed6168 3 ай бұрын
They want spot to drop so they can pick up a 10oz bar.
@ronaldgartner3700
@ronaldgartner3700 3 ай бұрын
I'm not really a stacker, more of a poor collector. But since I've been doing this off and on in my life, since the 60's, I have a lot of silver. Not here for a quick buck. now that I'm semi retired, I had hoped for it to be worth more, but I love my silver. A silver buff for life, then my kids get to spend them. Thanks for your show.
@JALRML1251
@JALRML1251 3 ай бұрын
I agree 💯. Precious metals will always have some value. Through history all currencies have failed. PM's are out of the system and private. Glad to hear your take. I saw you on Silver Seeker and appreciated your take on it. I've bought from you before and very happy with what I got.
@davidk7324
@davidk7324 3 ай бұрын
Thanks Brian. "We have met the enemy and he is us."
@unknown1_420
@unknown1_420 3 ай бұрын
Fact
@mikebrewer5758
@mikebrewer5758 3 ай бұрын
Your take on collectible silver is spot on. Years ago I went to a Comic Con to meet Hollywood Stars. One of them was selling his used underwear that he autographed. Utterly worthless. But someone would buy it. That is how I feel about this collectible silver. I hope your viewers take your advice. That silver advice is worth gold LOL
@ah5836
@ah5836 3 ай бұрын
The only thing I would say, to the assistance to confused buyers, we all once began with no knowledge and had to ask for help without knowing even what the right questions to ask are.
@gjf20842
@gjf20842 3 ай бұрын
stack responsibly, buy silver with the anticipation that the price could drop 25% the next day.
@papabear746
@papabear746 3 ай бұрын
Great video Brian. Keep the truth flowing!!
@vermillionenterprises
@vermillionenterprises 3 ай бұрын
Thank you for watching.
@glenvilleashby2872
@glenvilleashby2872 3 ай бұрын
Presented with candor and authenticity. Informative! Thank you 🙏🏾
@jimd907
@jimd907 3 ай бұрын
Agree 100%. Thank you for your honesty and expertise
@dieseleddie3945
@dieseleddie3945 3 ай бұрын
The truth always sets you or your business free from hearsay or scrutiny. Good vid 👍🏻
@Chiligumbo1
@Chiligumbo1 3 ай бұрын
I like silver. I bought my first silver because i liked the way it felt and looked. Then i realized it was still worth its price i bought it at. Thanks for your thoughts and insight. Great stuff
@miriamfisher4481
@miriamfisher4481 3 ай бұрын
Thank you, Brian. Enjoy your insights and your shop!
@waynepuckett3150
@waynepuckett3150 3 ай бұрын
Here are my tips…. 1. BUY THE LOWS! 2. NEVER panic buy! 3. Don’t invest in precious metals as a way to get rich. If you make money, great! It’s about protecting your assets. Social media today cries Chicken Little all day, every day. They are influencing people to buy precious metals at any cost in most cases scaring people with all this sky is falling BS. If there is a collapse, you’re covered. If not, you covered too. Just NEVER panic buy because of what YT know it alls think. Think for yourself and do your own research! Great video!!
@cointenderrarities933
@cointenderrarities933 3 ай бұрын
Once precious metals are pulled from the earth, they will always exist. The stackers apocalypse a few years ago created physical shortages but it's not like oil. Physical precious metals will always exist!
@americanstacker
@americanstacker 3 ай бұрын
Brian I think your the most transparent metals dealer there is ….. people should do their own independent analysis on what metals should be in there portfolio, depending on there financial situation !!! You and Tim do a Great job 👍 ☕️ every Order I had was a smooth Transaction !!! Thanks Guys 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
@richardkut3976
@richardkut3976 3 ай бұрын
Married guys know, money left in bank can be spent!
@brettmajors69karaoke
@brettmajors69karaoke 3 ай бұрын
Or stolen by divorce
@Kim-yl7yg
@Kim-yl7yg 3 ай бұрын
Excellent Brian. People spend more time planning a vacation than they do on how they invest.
@billspaid9
@billspaid9 3 ай бұрын
I was drawn in during the Silver Squeeze . I did have a lot of fun opening all those boxes. At least I didn't buy a Tesla .
@paulciccarello661
@paulciccarello661 3 ай бұрын
Thank you for your insights.
@midgetmack5344
@midgetmack5344 3 ай бұрын
Great Information Brian 👍🏽👍🏽‼️
@fernandojimenez5700
@fernandojimenez5700 3 ай бұрын
Brian, what you are doing and saying is called Integrity. Keep up the good work. I think people in general should do their own research on investments. Thank you for the information you give.
@steveedington5231
@steveedington5231 3 ай бұрын
Really great video that explains the subject quite well. I bought some silver in 1998 at 4 bucks an once i bought franklin halves at 2 dollars a piece, also silver eagles at 6,25 a piece but now i still buy silver because i like it. Its long term and not meant for everybody.However you out to buy a meal or go on vacation pay utility bills that money is gone, with silver gold you have something that still has worth if you would have to sell it thank you
@bc_usa
@bc_usa 3 ай бұрын
This guy is 100% correct 👏. Thats exactly why i converted some of my savings to metals. Because for me its harder to spend. And this is long term not short term so it doesnt matter if the price goes up or down.
@erickisel8668
@erickisel8668 3 ай бұрын
@Vermillion Enterprises: I got caught up in the craze back in the 2008-2010 timeframe, bought collectible stuff. Had no plan. I learned about stacking and figured out that simplification is best. One ounce Buffalo, ASE’s, and 90%. Nothing else. I am still ridding myself of stuff that does not fit the plan. I think a lot of people don’t think about what happens after you leave this earth. The family member that has to deal with the precious metals may not know anything so keeping it basic is best for me. Thanks for another great video.
@anonymous071985
@anonymous071985 3 ай бұрын
Ideally you would educate your family so they don't get robbed when you pass
@jimstecher534
@jimstecher534 3 ай бұрын
Thank you! Great Advice!!!!!!!
@72cmcinc
@72cmcinc 3 ай бұрын
Well said and well done! Super important vid you guys did here! Thanks guys!
@ynot552
@ynot552 3 ай бұрын
You make a good statement on how to approach any important decision.
@ddprepper5227
@ddprepper5227 3 ай бұрын
Excellent report 👍👍👍👍👍👍👍👍
@ACE-or8bo
@ACE-or8bo 3 ай бұрын
this is the reason i love this channel.
@Xn7000
@Xn7000 3 ай бұрын
Worth noting. One of the first things people did in the mornings for decades was sit down for breakfast with their newspaper. While there are significant differences between newspapers and social media apps, the main difference is that consumers have more choice of content. Before the turn of the century media conglomorates (mostly) controlled the flow of information to people, wheras now it's become decmocratized and there are more voices shouting into the social ether. I'm a millenial, and I vividly remember my parents and grandparents with thier noses stuck in a newspaper rather than interacting with us as children. What people get upset about now is that young people are doing it too.
@janicejohnson1334
@janicejohnson1334 3 ай бұрын
Smartest thing I heard you say . . DO YOUR OWN RESEARCH . . do NOT rely on others business model . . "STANDING OVATION"
@vermillionenterprises
@vermillionenterprises 3 ай бұрын
THank you for watching
@gotime7648
@gotime7648 3 ай бұрын
Brian, what is your thoughts on the silver to gold ratio now being at 90 to 1, when historically it was 10 to 14 to 1 ??
@daddysilverbucks4845
@daddysilverbucks4845 3 ай бұрын
Well said !!! 👏
@quarter-py4nr
@quarter-py4nr 3 ай бұрын
Excellent advice Sir! Thanks for your time and effort.
@paulweisenbach384
@paulweisenbach384 3 ай бұрын
Another great video, I really appreciate what you guys do!!👍
@jndgood
@jndgood 3 ай бұрын
Excellent advise! Thanks
@TwitchRadio
@TwitchRadio 3 ай бұрын
Small (5-10 ozt), consistent DCAing is the way to go when it comes to silver (in my opinion).. Me I stick with ASE (when Premiums are low like they are right now), Maples (2018 - now only), and a few collector pieces that are on sale or very low price.... I've been more bullish on platinum as of lately though(1/20 ozt a month since 2022) ... either way I don't plan on selling any of my silver gold or platinum till well after 2030...
@andyb8838
@andyb8838 3 ай бұрын
Scottstrade love it!! What a throwback.
@vermillionenterprises
@vermillionenterprises 3 ай бұрын
LOL...yep
@userCHAIRdog55
@userCHAIRdog55 3 ай бұрын
Great info. I had to learn the hard way. My au/ag is alternative savings.
@honda_doc6826
@honda_doc6826 3 ай бұрын
Thanks.
@joesheetstheragman7737
@joesheetstheragman7737 3 ай бұрын
Very informative.
@sickntired2059
@sickntired2059 3 ай бұрын
Watch out...Oroville dam, Hoover dam, Las Vegas...Valentine's day.
@M.RInvestorChannel
@M.RInvestorChannel 3 ай бұрын
Great transparency 👍
@darrensoldan5972
@darrensoldan5972 3 ай бұрын
Excellent advice! I think some good advice is spend what you can afford without going into debt or putting finances in jeopardy for basic needs.
@emilevoyer123
@emilevoyer123 3 ай бұрын
THANKS FOR THE VIDEO
@StratRider
@StratRider 3 ай бұрын
social media ? Hey when I wake up the first thing I do is see if vermillion has put out another video 😀
@NefariousEnough
@NefariousEnough 3 ай бұрын
I think the 5 ounce ATBs were a good reflection on what value a buyer can wring out of high premium bullion.
@theresa8843
@theresa8843 3 ай бұрын
I might not agree with what you say. But I will defend your right to say it. 🥁🎯
@user-uv1pe4qh1k
@user-uv1pe4qh1k 3 ай бұрын
very good show
@jasongailes8996
@jasongailes8996 3 ай бұрын
Another great video Brian.
@daveallen8573
@daveallen8573 3 ай бұрын
I have done business with Brian for several years and this video explains the reason why.
@vermillionenterprises
@vermillionenterprises 3 ай бұрын
Thank you sir, we appreciate it
@professormr.doctor5442
@professormr.doctor5442 3 ай бұрын
Hot diggity go into gold. Have persistence. Knowledge in these markets come with experience in time. Silver and gold aren’t really “investments” in the typical sense, more of a hedge against inflation. Data backs this up. If you really want to “invest” go with high grade (MS65 and higher) rare coins - NOT just any high grade coin. High grade, rare coins have consistently gone up double digits over the last 3 decades at a rate that has outpaced any meager gains in gold/silver. Silver is also relatively flat if you draw a regression line over the price data over the last century and account for inflation. Cheers friends and God Bless You
@RealityTrailers
@RealityTrailers 3 ай бұрын
Recently invested into few hundred ounces of silver and 5 rounds of ammo for every oz of silver, as I usually do.
@frankdisilvio9131
@frankdisilvio9131 3 ай бұрын
I'm thinking inflation is up to about 25 -30 % for basic need items
@btcbob11392
@btcbob11392 3 ай бұрын
I agree with you 100& about GP Morgan. But isn't it the same with Gold ? Gold prices are set by several banks, an oversight committee, and a panel of internal and external chair members, who calculate the figures based on supply and demand in the gold futures derivative markets and establish averages for both the spot price and the fixed price. Thanks for your great videos
@holdfastjoe8841
@holdfastjoe8841 3 ай бұрын
I think the difference is in the volume. Silver is more thinly traded easier to control. Gold demand is very wide and large and 100x easier to move.
@G.G.T.
@G.G.T. 3 ай бұрын
the difference is if they push them down to far other world banks (china russia india) swoop in and buy it for a nice discount and force them to eat their short positions (so they wont be doing that for a while lol)
@peterwilson9327
@peterwilson9327 3 ай бұрын
My toilet paper is now 1/2" narrower and they shrunk the sheet count by 30. Thats what is called -shrinkflation- STINKFLATION! 😅😅😅
@mysterybuyer3738
@mysterybuyer3738 3 ай бұрын
Do you do trades like the gold to silver ratio? Like if I had a one ounce pure gold coin would you trade silver for the gold?
@bobv1452
@bobv1452 3 ай бұрын
I'd like to get the Vermillion perspective on premium volatility and its causes. In your experience, which products (I think you call them SKUs?) have seen greater/lesser changes over time and is it always just a supply-demand issue or are there other factors? (E.g.: was the huge premium on ASEs in '21 & '22 only because the mint slowed down, or do ASEs and junk-90 always spike when we get a bunch of newbs come in with a FOMO situation?) Also (as it seems related) - what sets the difference between the price you buy and the price you sell (what Wallstreet calls the "bid/ask spread") for each SKU?
@sonnyl5903
@sonnyl5903 3 ай бұрын
Hay Brian I'm about to buy some silver and gold . Have watched your shows and thank you for a lot of info. Watched this show and you said silver was at 24.00 as I'm going to buy federal you said to X ,175= 17.50 is that per oz,? or am i just stupid. Thank
@don951
@don951 3 ай бұрын
Agree. Stay away from the fear pushers. As far as allocation percentage goes it depends on everyone's personal situation. I personally think 10% for PMs is a good number. Most people need the majority of their money growing in stocks if they plan on ever retiring. After you pay your future self and have an emergency cash stash, buy all you want. Cheers!
@brettmajors69karaoke
@brettmajors69karaoke 3 ай бұрын
10-20 is good in my book. But only have about $10k
@brettmajors69karaoke
@brettmajors69karaoke 3 ай бұрын
So about $1..5 k in silver dimes
@JavierGarcia-hf5vw
@JavierGarcia-hf5vw 3 ай бұрын
Sounds like FOMO. I’ve learned to buy the dip and wait patiently only bullion. It is my insurance. Brian can you speak to selling to states that charge tax for metals. I’m in CA and wait to have $2K saved. Thank you.
@louisstennes3
@louisstennes3 3 ай бұрын
I am a diversified investor, precious metals, rare coins, stocks, real estate, Cds, etc. Please don't take this as a criticism but a lot of people are lazy and don't put the effort into learning what and why they are buying. For example, I really like "toned" coins but instead of jumping feet first I bought a few books and read about why coins are toned, how, etc. and then bought a few. I have had stocks go up 200 % and then have had stocks where the company went bankrupt, and it became a tax write-off. Even Warren Buffett owns "dogs." Don't get down on yourself from mistakes, in the end the winners will outnumber the losers. Educate yourself. I like generic gold and silver because on any given day you know the buy/sell price and you can make a decision on something solid.
@NormDan
@NormDan 3 ай бұрын
If the price goes to $50 dollars or higher who is going to be buyers ? The coin shops around me say they do not have the cash flow to pay that much so who do you sell to ?
@jerrywalden7131
@jerrywalden7131 3 ай бұрын
EDUCATION..... is the key.....
@SkywalkerPMs
@SkywalkerPMs 3 ай бұрын
My gold protects my real estate assets.
@mysterybuyer3738
@mysterybuyer3738 3 ай бұрын
I think 90% is the best bet because collector value premium over silver spot can be anything the people make it. And as time goes on the more collectors will even seek out lower graded examples because there will be less and less 90% going around. Kind of like how the barber series is but x100.
@charleswilson6789
@charleswilson6789 3 ай бұрын
Good job boys.
@vermillionenterprises
@vermillionenterprises 3 ай бұрын
Thank you for watching.
@LarryDickman1
@LarryDickman1 3 ай бұрын
~ Don't buy a lot of Silver and/or gold until you have no consumer debt. For years, I used some of my overtime money and bonuses to buy my precious metals. At the same time I saved money at home to build up a three month worth of Rent/mortgage and utilities in case I got laid off or a storm killed power, which has knocked out any businesses that had accepted credit cards.
@Wes_Stacks
@Wes_Stacks 3 ай бұрын
Buy a car and eventually it will be worth nothing. Buy electronics eventually they will be worth nothing. Buy precious metals there is no chance they’ll ever worth nothing.
@henrykonkel5065
@henrykonkel5065 3 ай бұрын
Everyone knows silver is manipulated, but nothing is ever done. I've been steadily buying for 20 years. Its very frustrating how this corruption is allowed.
@buyystocks
@buyystocks 3 ай бұрын
you had me at scotch trade,
@user-zx6nx7ys4s
@user-zx6nx7ys4s 3 ай бұрын
How many grams are in a gold eagle or a 22 Karen coin? Thank You
@rc9266
@rc9266 3 ай бұрын
You are so on point! So, get silver for long term lock up of todays fiat at 80s prices there is nothing cheaper in our world of ponzinomics and out right centralized scammers and riggers!
@PlantNativeTrees
@PlantNativeTrees 3 ай бұрын
I was the 1,000th like on this video!
@GenXstacker
@GenXstacker 3 ай бұрын
Stackers should forget all the debates over whether paper gold/silver suppresses prices. This debate is mostly irrelevant. Here is what you should know: Gold and silver are for STORING wealth. You need to HAVE wealth, before you can STORE wealth. Gold and silver are not lottery tickets or cryptocurrencies that are going to go to the moon. You are not going to buy a few thousand dollars worth of silver and wake up tomorrow and be a millionaire. What you should do is buy low, sell high. Watch the price over time and when it gets low then buy more bullion to add to your stack.
@moriorinvictus
@moriorinvictus 3 ай бұрын
What's lost in all this analysis is that stacking should be fun. If it's not, you're doing it wrong.
@livinthedream7714
@livinthedream7714 3 ай бұрын
Excellent shit. Ya....Silver Slayer and Ron's Basement are the worst
@vermillionenterprises
@vermillionenterprises 3 ай бұрын
Thank you for watching.
@livinthedream7714
@livinthedream7714 3 ай бұрын
@gotime7648 10k Silver..... can't find But ya, BIX rates up there too!
@tho464
@tho464 3 ай бұрын
Yankee Stacking pushes the fear
@alangrund5031
@alangrund5031 3 ай бұрын
@@tho464 ​ @tho464 But, but, Tim the bullion dealer says the barter system is just around the corner.
@tho464
@tho464 3 ай бұрын
@@alangrund5031 HAHA! Yeah Tim keeps pushing the narrative that government is coming for ya and you better be ready to trade silver dimes for a loaf of bread. I saw a couple episodes at the peak of the fear wave where he had customers cash in their 401K and pay penalties, then drive 500 miles to his shop just to overpay for ASE when they were $40 a piece. At least for now he screwed those people over. But he got his money. Tim should have married Lynette Zang. They would make a perfect pair.
@iKumala
@iKumala 3 ай бұрын
Bought my first ounce for $28 in 2011. Down hill since then.....
@bobs5624
@bobs5624 3 ай бұрын
My focus with silver has been Morgan silver dollars. So I wish Morgan & Morgan would institute a class action antitrust action against JP Morgan, et al.
@vermillionenterprises
@vermillionenterprises 3 ай бұрын
LOL...nice
@INTERNETVID
@INTERNETVID 3 ай бұрын
Great presentation and I agree 99.9%. With respect to the inherent risks of having so many 'talking heads' on KZfaq and other venues, I see it as a glass half full. I get information from multiple sources before making investment decisions, as I think most people do. For example, one notable content creator (Bix Weir) is often disparaged (and IMO rightfully so) due to his use of astrology in addition to pushing digital assets. But he also repeats, details, and amplifies your point about manipulation, JP Morgan, etc. So if he's right about something, he's right. And whatever the motives may be is largely inconsequential to me, so long as facts are being disseminated. The internet can be a two-edged sword but generally speaking, more is better.
@LarryDickman1
@LarryDickman1 3 ай бұрын
I ignore videos with goobers touting silver going to the moon. BTW, I used Scottrade in it's day. It was a great low fee no BS brokerage.
@marcl7612
@marcl7612 3 ай бұрын
Guess you didn’t like my question. Apologies if I offended you -always thought you were the most transparent coin shop
@TobaccoRowe1960
@TobaccoRowe1960 3 ай бұрын
I do not just tell you what I have heard on my KZfaq Channel. I actually try things, to know for myself the truth of the matters, on my KZfaq Channel.
@swilliams937
@swilliams937 3 ай бұрын
Buying high and selling low will definitely make an uneducated stacker disgruntled.
@btcbob11392
@btcbob11392 3 ай бұрын
You've pretty much explained your feelings about silver but what about gold. Do you think plus $2000 gold is the new norm or is it just being pushed up the various problems in the world like Ukraine and the middle east. ?
@nigelstewart4736
@nigelstewart4736 3 ай бұрын
20% recommended max because advisors want their industry to make money off of your money.
@nowweride3094
@nowweride3094 3 ай бұрын
Shrinkflation! Yes and it sucks!
@charleswilson6789
@charleswilson6789 3 ай бұрын
People who stack silver know that the paper and the physical silver will separate at some point. And silver will rise to were it should be on the physical side
@johnnnoise
@johnnnoise 3 ай бұрын
nonsense. you don't "know that" at all
@charleswilson6789
@charleswilson6789 3 ай бұрын
@@johnnnoise I'm betting on though
@gregorygreene1940
@gregorygreene1940 3 ай бұрын
@@charleswilson6789 Which means there is nothing special about precious metals. Just another asset class that people speculate on. The whole mantra of Gods money or it's been around 5000 years is a joke. Buy low, sell high. That's the reality.
@adrianbardan782
@adrianbardan782 3 ай бұрын
collect metals for fun and for the long play. do your main investments elsewhere. feeling hurt over the metals market is cause you married the asset class and expect too much. enjoy buying cheap metals while they last. it won't be forever.
@ayrplanes
@ayrplanes 3 ай бұрын
There are few silver mines. Its not profitable. Silver is a by product of gold and other mining. So. When the economy declines a lot and demand for copper goes down then less silver is mined but less is also used in industry. Less supply and less demand cancel out to keep the price stable.
@randy-cn6nt
@randy-cn6nt 2 ай бұрын
Bought pure silver, problem proving in resale.too many fakes,so trust is fading. Not vermillion, yet selling is tough, no one has trusting in anyone,prove it! Sucks large
@TheFutureisTheFuture
@TheFutureisTheFuture 3 ай бұрын
The irony of people jumping to silver because they feel the dollar is manipulated is delicious. Frying pan into the fire. Does it matter if folks know for sure if it is manipulated or not? Just like War Games the only way to win is not to play.... That being said I stack silver and gold for the long term, it is a very low return savings if needed (at least silver) but I try and buy the silver now that is also "art". Not like crazy pieces but items/coins/bars/etc that I can pick up look at and say "now that is cool"... and pass it on to my kids. Folks that think because they say something is manipulated is some how going to stop it from being manipulated are SOL... 🙂 Your portfolio shouldn't be more 10%. One simple reason... last year alone I made 32% on my 401k. I made zero on my silver gold stack since the price is the same as it was last year (actually less) plus the premiums... so technically last years haul lost about 5%.... gold faired a bit better. 32% gain 401k vs 5% loss... it's not rocket science. The S&P500 indexes kicks PMs arse over the past 30 years... that is fact. Doesn't mean don't stack it... means don't ONLY stack PM. Don't plan to retire on it alone... Oh, final thought, it should be 10% of a portfolio of a retirement fund that has $1.2 million in it at the end... so you can do the math. That is A LOT of PM.
@johnbethea4505
@johnbethea4505 3 ай бұрын
At 20%, if you are worth a million dollars, then you would have $200K in silver.
@medhead964
@medhead964 3 ай бұрын
Just to clarify... your ***UNOFFICIAL*** opinion, and definitely not to be taken as financial advice, is that the silver price won't go much lower than it is right now? You don't think spot will drop below $20 again under normal market conditions?
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