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State of the Economy From an eBay Seller's POV -- Lots of Happenings... April 2024

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Antique Book Collective

Antique Book Collective

Күн бұрын

In this video, I share some of what I've seen and my takes. As always, this isn't financial advice, I've no interest in doing that.
Everything I've learned from my years of experience is completely free here, no gimmicks, no paywalls. I'm here to help more people start a side hustle (or career) that helps them get a step up in life! I have some affiliate links, which you can choose to use or not--if you do use them, I am compensated financially and that helps me keep this channel alive!
Links:
Antique Book Collective Page:
/ antiquebookcollective
Supplies List:
/ 110956631455220
Antique Book Collective Community:
/ antiquebookcollectivec...
#SideHustle #AntiqueBooks #eBayBusiness #SellingOnline #BusinessTips #Economy #Recession #Depression

Пікірлер: 16
@thriftingsisters1226
@thriftingsisters1226 4 ай бұрын
Coin dealers have to file a Form 1099-B with the IRS when a person sells 25 or more 1 oz Gold Maples, Krugs or Onzas. G & S stackers also need to keep in mind that the "spot" price changes from dealer to dealer. The States that have income taxes also get a piece of the money too. So, planning ahead for trying to keep as much profits will depend on tax filing status and place of residence.
@antiquebookcollective
@antiquebookcollective 4 ай бұрын
Yep! Very true, and great stuff as always. :)
@thriftingsisters1226
@thriftingsisters1226 4 ай бұрын
@@antiquebookcollective on April 12 2024 the silver price was up to around $30 in mid morning trading, but then a huge sell off came around noon to closing bell. Makes me wonder that the "Big Boys" are controlling the prices as their buying or shorting has huge effects.
@antiquebookcollective
@antiquebookcollective 4 ай бұрын
@@thriftingsisters1226 I know! Not gonna lie, I was excitedly watching it near 30 though. Drawbacks are nice for consolidation, but straight lines up are nice for profits! Lol I'll be curious to see where silver ends up peaking on this cycle. Those far-fetched triple digit calls aren't seeming as impossible with these moves. Did you hear UBS is now forecasting gold at $4,000? Crazy times we're living in.
@thriftingsisters1226
@thriftingsisters1226 4 ай бұрын
@@antiquebookcollective Gold is a better buy than silver, but other metals can be a buy as well.
@antiquebookcollective
@antiquebookcollective 4 ай бұрын
@@thriftingsisters1226 I think you're right for the most part there, silver just has a little bit of a speculative play that I like while having some of the safety of gold. That being said, once I'm out of silver on this cycle, I expect gold will become my largest holding for the future. I'm not on this planet to gamble, I'm here to build things up. Gold will help me do just that. :)
@quiltedbrownie
@quiltedbrownie 4 ай бұрын
Thx for the vid!! 💪🤩 Wow 😳😅 this had a lot more in it than I expected. I learned a bit more about you, your leanings & opinions along the way. All of it interesting!
@antiquebookcollective
@antiquebookcollective 4 ай бұрын
Glad it was interesting! Hope it was helpful. :)
@Meepers100
@Meepers100 4 ай бұрын
I already saw the writing on the wall a few years back when Canada hit a recession without admitting it. I've been speedrunning my way in bookselling into higher end books and manuscripts, and gaining clientele less likely to be impacted by an economic burn. Moved away from modern firsts, pulp fictions, etc. Focused primarily on what I specialize in, and what my clients specifically look for. This isn't to say I've stopped selling cheaper books. I've just diversified my selection of material for sale now in terms of price range. Institutions and bigger spenders are a key part of my buyers now as well.
@antiquebookcollective
@antiquebookcollective 4 ай бұрын
The US had the same thing. Pitiful and disgusting that they are so quick to lie to us. Sad that so many people think it's all gospel.
@antiquebookcollective
@antiquebookcollective 4 ай бұрын
Very interesting moved for your business! I thought about, and wanted to, make a similar move for my own business, but I just couldn't find the inventory at a price I was willing to lay, hence why I shifted to cheaper stuff. I'll love to hear how your plan plays out after it all goes belly up, because it sounds super logical and promising! All the best. :)
@Meepers100
@Meepers100 4 ай бұрын
@@antiquebookcollective Most mainstream news outlets these days are only there to tell people what they want to hear or what to scare them into doing, not what they need to hear. I always try reading from as many news outlets and independent publishings to disseminate information as accurately as possible, and to get the bigger picture.
@Meepers100
@Meepers100 4 ай бұрын
@@antiquebookcollective Despite purchasing most of my inventory overseas, I've been able to make my healthy margins even with shipping costs, import fees, and all that extra jazz. There'll be more to share in the future, and considering I joined my first major bookselling organization last year, things look good so far.
@antiquebookcollective
@antiquebookcollective 4 ай бұрын
@@Meepers100 Agreed, it's sad to see. And that's great! I hope it's onwards and upwards for you from here! :)
@stevenstocki3122
@stevenstocki3122 4 ай бұрын
@5:55 Federal Government insures upto $250K for every depositor. Unless you have over that amount in cash in a bank, then there is nothing wrong with keeping $ in a CD in a bank especially now when the stock market is touching all-time highs.
@antiquebookcollective
@antiquebookcollective 4 ай бұрын
Well, during the S&L crisis my family went a long, long time without seeing their money. I don't know about you, but I don't think 25 cents of interest is worth the hardship of being without when my bank fails as I wait for the government to come to my rescue. And no thanks on anything that's at all-time highs. Especially with the current economy where it's at. Things are already rolling over a bit, we'll see if this is the real plunge or not, but I'm battening down the hatches for myself. You dk whatever you want, I was just sharing my perspective on some of the facts I have available. I could, and have, gone kn for hours with more data, but things aren't even faintly as rosy as people want you to think. But you do your thing, I ain't a financial advisor, I'm just here to make money and keep what's mine and keep what money I've made.
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