Coin Shop Owner Says NO ONE is Buying Silver Right Now!

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Coin Shop Owner Says NO ONE is Buying Silver Right Now!

Рет қаралды 46,142

Ай бұрын

A recent commentor of mine who is also a Coin Shop owner says that Silver is NOT Selling right now?
Today we talk with Josh from ‪@minotcoinbullion‬ about his comment and find out from him if the same holds true in his local coin shop!
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/ @minotcoinbullion
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Silver Not Selling?!? Coin Shop Owner Says No One is Buying Right Now!
• Coin Shop Owner Says N...
#silver #silverbullion #coinshop

Пікірлер: 458

@Commin_Cents Ай бұрын

I'm still buying! I try to buy 5 to 10 ounces every month. It's not much, but it's consistent and consistency adds up!

@brandongant9343 Ай бұрын

As long as you keep going doesn’t matter how much you get…don’t think about what u get at all don’t even open your packaged for 6 months then open them 😂…I don’t buy much either BUT I have a lot and a whole 2023 PR70 Silver libertad proof set 1/20-5oz

@pewpewTN Ай бұрын

5-10 ounces a month is still a solid amount. Especially if you are closer to the 10. That's gonna land you 100 ounces per year anyway.

@shufflesilver Ай бұрын

This is the way!

@cherokeecowboy7558 Ай бұрын

It's awesome. I do at least 10oz a month too. Sometimes 20-30oz depending on life situations.

@jmo82592 Ай бұрын

most Americans can not even save 100$ a month. Buying 10oz silver puts you way ahead.

@jameswynn4699 Ай бұрын

That's funny because the Costco vendor said they couldn't keep silver in stock it was moving so quickly

@stardust949 Ай бұрын

wow!

@TrumpxDaily Ай бұрын

Costco? Place that’s full of people who like to overpay for bulk so they feel like they got a great deal? Those people will buy out anything there 😂

@randywhelchel4674 29 күн бұрын

@@TrumpxDaily nope 3 boys eating me out of house and home 1 1/2 gals of milk a day consumed

@rokinrandy 25 күн бұрын

IKR🤔

@rokinrandy 25 күн бұрын

All they have to do is lower the prices 🤷‍♀️ lower the prices and I will come. I mean they will come.

@nothingspecific.8119 Ай бұрын

Last month I was at my LCS in Orange county NY, and asked the owner what he's seeing as far as precious metals. He told me he's seeing many business people selling, because they need money!

@WinkenBlinkenAndNod Ай бұрын

I agree with inflation what it is there would be no reason to sell unless you need the cash.

@BruceGordon925 Ай бұрын

@@WinkenBlinkenAndNod But, But, But ? pay to much to buy (It's shiny so it's worth more) Well then sell it, still shiny but get less because? Well just BECAUSE, I can't under stand the ignorance.

@nothingspecific.8119 Ай бұрын

@@jamesl9686Yep!

@WinkenBlinkenAndNod Ай бұрын

@BruceGordon925 You must be paying too much.

@michaelrodriguez3329 Ай бұрын

Tough times for many . I just read it takes saving for 2 decades. For a down payment on a home . That's insane ! .

@JesusGonzalez-oh1nh Ай бұрын

Wow that’s Crazy!!! More Silver for Me I’ll buy it All!!! 🥈🥈🥈

@Paladinbri Ай бұрын

It’s the adage, you will never find a happy farmer. When the harvest is bountiful, prices are low. When the harvest is meek, prices are high.

@bobsacamano7653 Ай бұрын

that is why it is good to diversify and grow crops that no one else is growing.

@roybatty6368 Ай бұрын

Farmers are miserable

@user-pf2ow8pz4o Ай бұрын

Everything is so expensive!, and people are struggling. Period! People are not traveling and the tourist industry is way down.

@BradYaateeh. Ай бұрын

My LCS has had so much silver offered up for sale he quit buying. Then he had a customer service idea. He has taken it as an opportunity to repay his loyal customers. He bought more silver ( I do not know how much) to sell to us at spot. I bought two 10 oz. bars, one Germania and one Nadir for $31.00 per oz. and appreciate his efforts.

@TheMostSlyFox Ай бұрын

@@BradYaateeh. and even buying at apot is still 25% more than what it reasonably was a bit ago

@BradYaateeh. Ай бұрын

@@TheMostSlyFox Yes, as said in the video this is a lang game play. I am in the group that believes silver is going to be $50 /oz soon, so if I can buy at spot now, I am happy with it.

@allen_p Ай бұрын

I sold silver bars a week ago because I needed some cash for Hurricane Beryl, and a broad ran a stop sign, broadsiding my truck. No problem selling it.

@sunbeagle9769 Ай бұрын

Coin shops give you nothing when you sell and then over price on the resale of 2nd sourced silver.

@foxmulder7616 Ай бұрын

Call around and ask how much over spot can they offer you, to buy from you.. And find someone that will at least give you spot.. Though if your in a small town and there's only one spot in town... It's easier in a big city.

@Boosted18 Ай бұрын

@@sunbeagle9769 usually they buy rounds about 60-80 cents below spot, but then their "spot" will be like 25-40 cents lower than it actually is at the moment. So... about $1 under spot on avg.

@shanejones578 Ай бұрын

@@Boosted18they use the highest bid price when it comes to ask paying you, and the lowest ask when selling to you. Respectively, it’s what you would get on the open market.

@idealmetal6027 Ай бұрын

Glad to hear from Josh, one of my favorite & honest people to deal with

@benji1868 Ай бұрын

A lot of folks are forced to sell to pay the bills. Many longs are giving up. The day is closer than ever to a parabolic moonshot to $100+. Won’t anybody be buying at those prices most likely. Buy, hold and only sell in emergencies.

@JohnnyCollins-cv4gx Ай бұрын

❎ you are correct - people are broke - prices to high - peoples pay ain't keeping up

@um8440 Ай бұрын

Its not that people pay is not keeping up, you want to get out of fiat.

@radavis21 Ай бұрын

People don’t have much money if you haven’t heard.

@roybatty6368 Ай бұрын

False. Plenty of people with plenty of money .

@JasonWinston-hy5vl Ай бұрын

@@roybatty6368 the 1% keep accumulating majority of the wealth while the majority of people are getting silent taxed with the hyper inflation since covid so YES people don't have much money.

@darkwood777 Ай бұрын

Want to know how the economy is doing? 1) Talk to a car dealer. New cars are not selling well. It is hard for dealers to entice used car trade-ins on new cars. This means there is not much money available even for important purchases. 2) Talk to a realtor. Homes are not selling well. People are not buying new homes with interest rates on loans being so high. Again, people are hanging onto an older home rather than trading up.

@imxploring Ай бұрын

People have money.... it's just that the cost of surviving each day has gotten much more expensive... so the "extras" like investing in PMs is getting harder to do.... you have to put food on the table, keep a roof over your head, and keep the lights on first... all of which have gotten very expensive.

@radavis21 Ай бұрын

@@roybatty6368 if people have plenty of money, why is there $1.5T of credit card debt?

@timjones7433 Ай бұрын

It’s the summertime. It’s always slower now in the coin shops. It will pick up this fall again as it always does.

@towboatjeff Ай бұрын

I love silver eagles but im not paying the high premiums for them. Ill buy generic, britannias, kangaroos or whatever else is at a good price.

@TheMostSlyFox Ай бұрын

Not buying with the price hikes / volatility right now. The premiums are still 5%+ over spot despite the increase, especially silver eagles being an incredulous amount over spot still. Has to do with people being broke, sure a bit, but its mostly the metals increasing too high too fast.

@um8440 Ай бұрын

Na, in 15years it just started.

@DaveEPie Ай бұрын

It’s going to 37-38 soon enough. Eagles will be 45-50 Good luck catching the sell off if there is any

@user-zf1ol7op7y Ай бұрын

I don’t buy from local shops. I buy online and are happy thus far with their service. Shops tend to overcharge and I’m not interested in haggling.

@pewpewTN Ай бұрын

It's the opposite for me. I can buy cheaper in town, but way better selection online.

@aliekatsmom Ай бұрын

@@pewpewTN we're being tracked.😢

@DaveEPie Ай бұрын

@@pewpewTNmy guy here is always under the online dealers/

@jaredroussel Ай бұрын

This. There are so many crappy shops that act like they have something special when I can just go online and get it for less. They should be matching or undercutting to generate trust and retain loyalty. They can make plenty of money when buying because all of the online sites have shipping costs and pay garbage rates.

@pifs-TM Ай бұрын

For me it’s the hassle of driving there, trying to get waited on, to save maybe $5. Online they ship to me, I can purchase with ease, and nobody cares if you do it in your PJ’s. 😂.

@eddiesuen3711 Ай бұрын

I haven't bought silver since April. Not selling, but taxes, car repairs, Magic the gathering cards, summer vacation and birthdays. waiting for the dip.

@derekforeal2810 Ай бұрын

@eddiesuen3711 hate to burst your bubble but it isn't gonna dip

@Pieguy73 Ай бұрын

There was a dip

@watthaile2053 Ай бұрын

There will always be dips, but beware, the new dip may be higher than the old High.

@shanejones578 Ай бұрын

Silver won’t break 27 again, probably ever but not in the next 12 months.

@shanejones578 Ай бұрын

There’s no firepower left from a liquidity standpoint to short the price back down vs the real demand.

@mikeknoll1130 Ай бұрын

Weird I haven’t bought any silver in about 5-7 years and decided to buy some a couple weeks ago..happy with my purchase.😊

@shanejones578 Ай бұрын

Miss those old prices huh lol

@kennyd2600 Ай бұрын

Those 20% of buyers are the smart ones. Buy any dips from here out.

@manager4409 25 күн бұрын

In a recession or possible depression coming, that Industrial demand will plummet

@pewpewTN Ай бұрын

I'm still buying. Got some 90% at 20x this week & I picked up a very small amount of gold.

@brutebiz82 Ай бұрын

Yeah, $19-20X face for 90%, (excluding Morgan Dollars) is what I've been seeing at my LCS. But, talking with the owners, they're still not moving too much at that price.

@kgstackkz Ай бұрын

Spot on Junk 90 has been between 21.5x and 22.5x, all week....please let me know where you get it for 19x to 20x....my local dealer buyback is 21.3 to 21.5 this week...Quick no hassel flip if you getting the numbers you're talking bout lol

@TheMostSlyFox Ай бұрын

@brutebiz82 Only silver I've bought since spot inflated up is BU /XF Morgan's at 25$ each to this day. It's still 5$ over melt so he makes money still.

@stevebarkley2873 Ай бұрын

20x=28per oz. CHEAP!! ????

@pewpewTN Ай бұрын

@@stevebarkley2873 Yes, $28 per ounce is a few dollars below melt. That's incredibly cheap.

@MrsPuggyWggyHaASquareCutPunt Ай бұрын

Simple silver is SILVER, why pay 5 over wen I seen $1.50 over for gen Silver online 😂.

@sailfly2869 Ай бұрын

Not so fast with your comment, all silver isn’t always created equal. The best time to learn about whether you made a good deal is try selling it in different scenarios. Anyway learn about coin grading and how it affects price, even your generic silver can be scrutinized.

@noicue8078 Ай бұрын

I haven’t bought in quite a while. 👍

@dalekuchinski976 Ай бұрын

Fire works are a waste of money

@Gorbetron3000 Ай бұрын

I got a guy that buys back at a great price. So much silver was brought into his shop this week, he didn’t have the funds to buy my 250 face.

@garylynch9206 Ай бұрын

This is extremely encouraging. If retail demand is falling off but price is staying so high. When sentiment changes it should be good.

@waynez5535 Ай бұрын

I just bought 80 oz from Costco, trying to pick up another 120 ounces

@richpaydirt Ай бұрын

Yes, costco is the way togo. I got 2 tubes of 25 Maples 2 weeks ago for $1.56 each over spot.

@waynez5535 Ай бұрын

@@richpaydirt ya I picked up the RCM 10 oz bars, easier to store

@mikeknoll1130 Ай бұрын

Who do you talk to in Costco I,m a member but have never seen it in my store..or do you buy it online from them?

@mikeknoll1130 Ай бұрын

@@richpaydirttax on that?

@mikeknoll1130 Ай бұрын

@@richpaydirttax on that?

@cherokeecowboy7558 Ай бұрын

My demand for silver is stronger than ever. Purchased some today with my wife. 🤠

@Fireinahorn Ай бұрын

Why didn't you buy when it was at $23 ?

@shanejones578 Ай бұрын

@@Fireinahornpeople will say that about 30 too here soon.

@shanejones578 Ай бұрын

@@Fireinahornbest time to plant a tree is twenty years ago.

@JesusGonzalez-oh1nh Ай бұрын

I go to Costco a lot but I would never buy Silver or Gold at Costco, rather support my Local Coin Shops. I don’t pay Sale’s Tax at my Coin Dealer just straight paper money for real money precious metals but awesome low premiums!!!

@shanejones578 Ай бұрын

I live in a sales tax free state 😎 my local coin dealer gives me eagles for spot 🤫🤫🤫🤫🤫 I give him some extra here and there.

@JesusGonzalez-oh1nh Ай бұрын

@@shanejones578 That’s Awesome my Coin Dealer always calls me personally when he gets Vintage Or Engelhard’s Rounds or Bars. Always paying $1.00 over spot on Vintage. That’s Cool keep Stacking!!!

@tommykirwan6764 Ай бұрын

GREAT (as Usual) video SS!!! Josh is pretty forthcoming with biz info, and SS is a Vital Site for choosing a good buy/sell Silver Strategy. Keep 'em coming SS!!!👍👍👍👍

@keithr6100 Ай бұрын

I went to sell this week, I found the spread between what shops sell at and buy at is over $8. I won’t be supporting my local shops for a while.

@barjer54 Ай бұрын

Wow! Yeah, screw them! My LCS had a $4.50 premium on generic buffaloes when spot was $21 last year & would buy them back at 50-cents back of spot when silver went to $23. I was just a bit incensed at their generosity. I was merely testing them and they failed.

@jaredroussel Ай бұрын

That's so greedy. Even a $6 spread is high. You want to make $8/coin? That's over a 25% commission if you turned around and sold on the same day.

@kenmastersmaster Ай бұрын

@@jaredrousselsilver is cheap, they want to make the same margins as gold

@manager4409 25 күн бұрын

All those coin shops are owned by awful boomers (redundant I know)

@TheQuickSilver101 Ай бұрын

I appreciate the conversations with Josh. As for purchasing I'm saving up for a larger gold purchase in a month. Because of that I've pulled back on my general buying quite a bit

@SirAlford Ай бұрын

I need to put a bug in Silver Seekers ear ....cast your net wider and interview David Knighten owner of Salt City Coin at Hutchinson, KS about business traffic. I am all ears when "On The Level" Josh is speaking.

@Silver_Scorpio_86 Ай бұрын

Just saw a seller on your tube, very legitimate store owner selling backdate BU tubes of silver eagles for $3.50 an oz over spot. Saw the video too late to get his sale was upset I missed it.

@SquareLimit Ай бұрын

Walmart brother.. use their credit card for 5% off. Eagles @ 3 over by the tube and rounds at spot. Coin shops are done when it comes to buyers.

@pauldalberti Ай бұрын

Be carful buying gold and silver, these high prices will simmer down in the future, nothing wrong with putting you cash to the side and wait this out.

@c.r.7077 Ай бұрын

I went to our local pawn shop and they can't keep silver in stock. They said as soon as they get it, it's gone. (Georgia)

@jasonslaughter2811 Ай бұрын

People are broke brother

@Sarnarath Ай бұрын

Of course they are not buying now, they are waiting to back up the truck if the price dips.

@cultleader3572 Ай бұрын

I am

@michaelfranks341 Ай бұрын

People dont have excess money to spend. They're trying to just survive everyday expenses

@Dudecifer Ай бұрын

In my area of south Florida, business is booming. People have BOATLOADS of cash down here and are spending like crazy.

@MrCountrycuz Ай бұрын

He has money for magic the gathering? I always have money for Warren Vampirellas.

@samgordon8315 Ай бұрын

Silver is money

@jp27whodey31 Ай бұрын

Inflation does have me working more hours. Otherwise I'm good

@roybatty6368 Ай бұрын

False. Plenty of people have plenty of $$$$

@Shazam815 Ай бұрын

I'm buying wholesale sterling silver jewelry right now. I havnt bought bullion in atleast 2 months. I use to buy it every week

@Sliveslar549 Ай бұрын

It’s a great time to hunt for vintage bars and rounds. With all the selling going on, I found an Englehard, several prospector bars and an old Sparks Pixley bar in the generic bin at my LCS.

@thesilvervigilante Ай бұрын

(Verse 1) I bought that silver, thought it was gold, They said it's an inflation hedge, or so I'm told. But now I'm stuck, can't make a sale, eBay, Mercari, every platform fails. (Chorus) Silver's just a shiny dream, A mirage in this liquidity scheme. I'm holding on, it’s my grave's prize, No buyers, no deals, just pawn shop lies. (Verse 2) They promised riches, a safe retreat, But now I'm drowning in this silver fleet. The price may rise, but the demand stays low, Liquidity’s a ghost, nowhere to go. (Chorus) Silver's just a shiny dream, A mirage in this liquidity scheme. I'm holding on, it’s my grave's prize, No buyers, no deals, just pawn shop lies. (Bridge) Extras pyramid, live and learned, In this market, every promise burned. Silver doubled, yet still no gain, Left me with nothing but financial pain. (Chorus) Silver's just a shiny dream, A mirage in this liquidity scheme. I'm holding on, it’s my grave's prize, No buyers, no deals, just pawn shop lies. (Outro) So here I am, silver in hand, No liquidity in this barren land. In the grave, my wealth will sleep, A shiny promise I couldn’t keep.

@markh1324 Ай бұрын

I enjoy your conversations with Josh. I’ve actually picked up a few items during some of his flash sales.

@TobaccoRowe1960 Ай бұрын

I have cut back 50%, from two Junk Morgan Dollars, to one Junk Morgan Dollar per month. Wichita Kansas.

@randywhelchel4674 29 күн бұрын

No one? I bought 1k in quarters last week 90% silver Will be delivered next week

@NVArt001 Ай бұрын

Every time I think about buying coins or bullion, all that comes to mind is: If the SHTF, you can't eat gold or silver. I might start buying gold for the investment, though.

@missyorkshireprepper Ай бұрын

@NVArt001 No, you can't eat gold or silver, but it will A) Buy you food, people will always take gold and silver over money. B) It will also get you into places you couldn't get without it.

@NVArt001 Ай бұрын

@@missyorkshireprepper If there were no more grocery stores, I wouldn't take gold or silver for food.

@missyorkshireprepper Ай бұрын

@NVArt001 I personally wouldn't take gold or silver for food... but some will. I'm just stacking mine for my retirement

@chrism5859 Ай бұрын

Exactly when do you expect there to be no more grocery stores?

@mr.speyside5240 13 күн бұрын

This is proof the price of silver will never sky rocket. Supply and demand

@webesmith Ай бұрын

I wanted to buy some silver dimes but most places are selling if for more per oz than I can buy ASE from Costco. Costco has Eagles for $33.60 after 4% back.

@cultleader3572 Ай бұрын

I refuse to pay more than .50 cents an ounce over spot . Got a kilo last minth for .49 over spot at $29.59 out the door

@joemcbride5260 Ай бұрын

My LCS has been on Vacation for the last month I’m itching to buy

@ItsEverythingElse Ай бұрын

Fireworks around here were VERY down compared to last year. We had some rain too but even so it's way down this year.

@floridastacker Ай бұрын

Same here.

@sestacker Ай бұрын

Just unboxed a 5 oz bar today, Alabama

@SandyMMMM Ай бұрын

In Santa Barbara the coin shop is giving me $4 off spot for rounds, $.25 above spot for eagles. That's a bit less than other coin shops.

@user-or3th2oi1q 27 күн бұрын

Franklin Coin Shop in Franklin Indiana has been consistently selling Silver Eagles @ $3.50 over, generic silver at .50 cents over spot. Always the best prices I can find for a shop!

@thejoshman3843 Ай бұрын

why would buying be hot at low 30s. its been in the mid 20s for years. we all know the demand comes from bank failures, which is coming any minute or year now.

@Userhfdryjjgddf Ай бұрын

I don't think we just forget about silver in the summer. The prices are always far higher in summer than fall. Last 2 years I didn't buy any silver after January and saved cash until prices fell in the fall. Bought way too much last fall cause I knew prices would go up. Sold a chunk for $30 and now sitting on profit and will just save up till fall again.

@rbs0648 Ай бұрын

I'm earning 5% in a CD, and when that dries up, and if silver spot drops I'll start buying again.

@DaveEPie Ай бұрын

Silver up 30% since January 1- And you will have to pay taxes on your 5 %

@lawrence5039 Ай бұрын

@@DaveEPie Summary. In the 45 years between December 1978 and June 2024 , the Silver spot price index (in USD) had a compound annual growth rate of 3.55%, a standard deviation of 33.23%, and a Sharpe ratio of 0.25.

@classicrider21 Ай бұрын

I live in IA, I bought a few ounces this week. Dealer said he is doing a lot of buying. More than selling.

@77loneranger Ай бұрын

The situation is the opposite for one of the dealers I worth with. Like any other market, silver demand fluctuates. Summer is often a slower time for silver.

@BA-lt2tx Ай бұрын

My LCS had another blowout sale today: he was selling BU ASEs by the tube for $3.50 over spot. Tubes of impaired / off-quality ASEs were $2.50 over. I was very busy today so I did not get a chance to swing by and take advantage of the sale but these had to some of the lowest if not the lowest priced ASE across the whole country.

@philpalmer4877 Ай бұрын

The Canadian Maples from Costco were bought under spot, with the 4% discount...when they were 779. Hard to pass up a few of those.

@ColeDedhand Ай бұрын

I'm in a holding pattern. Not buying atm. A drop back to $28 will get me back in a buying mood.

@toddnelsen637 Ай бұрын

just bought 10 10 oz canadian bars. keep going!

@markkatz6170 6 күн бұрын

I always tell myself I am not buying this month and I spend more . There are people that cry with a loaf of bread under their arm. My grandfather always said that about tire kickers . I am learning how to buy in the dips .

@MarioAlvarez-mp6yt Ай бұрын

Prices for fireworks have skyrocketed! 😖

@rara1996 Ай бұрын

Dealers are most likely over charging premiums to the local demand. It's probably geographical / economically driven. 20% premiums on common ASEs seems way too high unless you are a collector buying a one off for a set. Makes no sense to buy a tube for $120 over spot. Can just buy more silver rounds at a lower premium.

@SugarSandProspecting Ай бұрын

I NEVER buy fireworks, but I did buy roughly 200 oz in the last 30 days. If the right deals come around at the right time, I'll be saying " Take my money"!😅

@mirog.3821 19 күн бұрын

Nobody has any money left. We're talking about the "little ones".

@WOCassity2 Ай бұрын

No fire works this year.

@wasillastacker Ай бұрын

Not buying as much silver lately. However I am stacking heavier than usual in gold.

@TexCen Ай бұрын

WEIRD! My LCS has almost no silver, but plenty of gold. He said nobody is selling silver (in our area) atm - everyone is trying to buy or holding. I guess location matters, to a degree.

@tomvayne7578 Ай бұрын

I Went to a coin show in Greeley Co. this weekend and bought silver eagles for 33.00 each.

@tomcastonguay2847 Ай бұрын

Hi for myself, I'm buying coins and bullion. I just got five ounces of bullion for my first purchase. And plan on getting more each month. Peace love & silver. TomCat

@Portlandpreciousmetals Ай бұрын

We had 90% at -$.20 on sale today! And only one regular bought it!

@AnuddaGoy Ай бұрын

I'll buy some how can I contact

@luckywinner4936 27 күн бұрын

People! If you're struggling and feel that you have no way out, we need to start getting down on our knees, start praying and begging for God's mercy and start repenting of our sins. This is why the whole world is a mess because we forgot about our creator and stopped thanking Him and praying to Him. If enough of us do this then maybe He will hear our prayers and starts showing His mercy. It's time to get right with our Lord and Savior.

@Dave_9547 Ай бұрын

I stopped in my LCS (Southern Idaho) and was told that they were buying a lot of silver. But, rather than sit on it and hope the price didn't go down, they were selling it to wholesalers to keep the cash flow moving.

@justsomeone6835 Ай бұрын

The market and most shops are flooded with silver if your going to buy just don’t over pay one shop today $3.50 over spot for eagles clean blast white shops have to pay back so buy the cheapest rounds to spot if you can

@francineharris9473 Ай бұрын

People don't understand that this is a sign if he's going through this and haven't before that the Americans are starting to suffer, so don't get comfortable,

@christianmuller292 Ай бұрын

If they're not buying because they think prices are going down that's ridiculous. First of all prices above 30$ an ounce are here to stay and secondly how much difference are we talking about ? 0.20$ cents a coin max ? Hope it's because you parked the truck ? And hope for you that prices are going down which may not be the case.

@cultleader3572 Ай бұрын

😂😂😂 sure

@wrkeith1 Ай бұрын

I traded for 250 ounces yesterday. Keep on stack'n!!

@petenrita Ай бұрын

I have also noticed the premiums falling . Picked up cool hand poured bars for $2 above spot.

@Pickwickian Ай бұрын

Just sold 1500oz, at spot.......zero issues.

@KurtOnoIR Ай бұрын

That's weird. At mine it's constantly getting cycled out. Of course there aren't many shops around here so maybe that has something to do with it.

@toddgwinn8395 Ай бұрын

Always happens when near or at high

@dukenukemani07 Ай бұрын

Hi Seeker. In response to your question on buying fireworks this year, I had booked the 4th of July as a day off work because we host a fireworks party every year, but this year Mother Nature forced us to cancel the party. People who were going to stop over were feeling sick and the forecast was calling for rain, so we did not buy fireworks this year. I used the money I would've spent on fireworks to buy some silver "ice cream cones" to cheer myself up. Another waste of money, but at least I get to hold onto what I spent that money on and not literally blow it up. 👍

@jrhunt414 27 күн бұрын

I picked up a 1oz 925 silver chain. An oz of 925 silver around my neck.

@matt79hz Ай бұрын

I wouldn't imagine those visitng coin shops are generally spending up big.. Common folk got no money right now. Perhaps those with a lot of cash are buying bullion.

@edb3877 Ай бұрын

Even those with a lot of cash and waiting for better prices. Most of these folks are not eager to jump in at these prices, no matter what the YT stacking community says about it. We know what prices have been and what they are today, so not excited to buy above $30 + premium per oz. The last time silver was above $30 an oz., in less than a year it was $15 an oz. Not saying it will hit $15 again, only that prices have become foamy and time is probably on our side at this point. If not, then not but I've stacked silver since 2010 and gold since 2013, so have a larger stack than most. Immune to FOMO at this point. I do know that during the Great Depression, many stocks survived and went on to recover from that to new highs. Could it be worse than that this time? It could but WILL IT, is the question. I don't think that it will be worse than 1929 because the Fed and the US Gov still have levers they can pull to reduce the impact of a severe depression. If not, then there is still the stack. 🙂

@matt79hz Ай бұрын

I been in since 2009 also. Hindsight is a great thing. Property would have been better

@DaveEPie Ай бұрын

My dealer was acting like he had no inventory of silver today- very limited stock- I asked him for my favorite bars/ he said he didn’t have any- He is 2 bucks over spot right now. Eagles are more. I think some big whale came in and cleaned him out-

@docgrows1125 Ай бұрын

Secondary market in Canada for the win. Have been buying with virtually any premiums. Below spot, melt value or very very very tiny premiums.

@davidMW007 Ай бұрын

Fireworks?? - you're just getting older. I've found that the older I get, the less interest I have in buying and seeing fireworks.

@bonnieupton4114 Ай бұрын

Been there done that

@silverchickadee4130 Ай бұрын

Bought a little silver in March - mostly for future gifts. Land of the Midnight Sun here, so 4th of July fireworks are not really a thing. However, New Year’s Eve is usually a big display across the valley and I happily firework watch. New Year’s Eve 2023 was one of the quietest I have witnessed. People are feeling the pinch.

@user-jo1yg4me6e Ай бұрын

From the dealers I've talked to way more sellers than buyers... guess it's regional

@jdoggwhitetrash Ай бұрын

Great video. Thanks for sharing. I like to see interviews with coin dealers.

@thereignofthezero225 Ай бұрын

Lets hope that means the price will come back down soon

@d.s.7411 Ай бұрын

What I have notice that while the silver spot price was in a range they would pay silver spot plus the premium of about $8. Now that the price of spot silver has risen to about $6+ and the buyers are taking the rise of spot price out of the premiums.

@TobaccoRowe1960 Ай бұрын

I have a drawstring bag full of US $1 coins. If need be I'll put them in the bank instead of selling silver. Wichita, Kansas

@cultleader3572 Ай бұрын

😂😂 you're losing 5% due to inflation every year it's kind of dumb

@TobaccoRowe1960 Ай бұрын

@@cultleader3572 That is not true Stew Pidd. This is Stack Some Cash At Home Money, for an emergency. What you are talking about is my invested money. I invest in Silver Mr. Cultleader. And my return on Silver is just fine. Stew.

@dennishinkle5010 Ай бұрын

I buy mostly constitutional silver and getting it at almost wholesale. 20 times face value. 40% at 5 times face.

@sergeant_t2020 Ай бұрын

Hey SS, I'm still in a holding pattern, not buying or selling. I'm getting US Mint stuff. The UNC 2024 Morgan and Peace silver $ price change is now $91 each due to the silver spiking prices.

@sailfly2869 Ай бұрын

Hey, is your coin collection raw or certified??.