When buying Silver! This is the most important things to consider!
Some of the math percentages I speak about in the video is rounded up or down and could be off by .5% to 1%
#gold #coins #silver
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On my channel I may speak about precious metals,and maybe cryptocurrencies at times among other topics including but not limited to other “markets,” and current events. I am not a financial adviser and do not charge anyone for my videos/opinions, this channel is for ENTERTAINMENT purposes only. My views/statements are ONLY my opinions that I have formed on my stacking/collecting journey. You are responsible for your own stacking, trading, investing, etc. Please do your research I am not responsible for your actions. I would highly advise seeking advice from a licensed financial advisor. Not from me
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Please hit the thumbs up button on this video.. Also please note. Some of the math (percentages) I speak about in the video I rounded up or down and are off by .5% to 1%. But the numbers are close and the point of the video is the same.. Let me know your thoughts in the comments… Thank you all for watching!
Nice Shiny Silver Coins My Friend!
If the shtf……premiums are gone. There will be no 1oz coin worth more than another 1oz coin of same purity. As of now…..it’s a retail game.
Very informative great job…
Your absolutely right – the buy back price is crucial. I often find it's much lower than the price you paid. Dealers always pay you less but when selling that same item, they get you to pay more. That's why I stopped buying gold and silver in 2018 after comparing the price I paid and what dealers where offering me.
Silver is a literal ponzi scheme if you consider the premium market.
Ha! I bought Eagles, some, but most of my silver is Constitutional silver and I love them. Dollars, half Dollars, dimes, mercury dimes (My favorite) but now I am sure glad I bought the newer coins, dollars, because I don't even want to sell my old coins. Nope. I would have to be desperate to do that! Buy them and keep them, don't let them get melted down.
Great points !!
A lot of the collectible stuff and custom pours that are $50-100/oz…you'll NEVER get your money back with 90% of that stuff. But the lowest priced generic stuff is rarely the best value either. Price and VALUE are 2 totally different things. Buyback prices and ease of selling are 2 important factors, yes.
Wow you got some nice pieces there !
I would never sell my silver back to an online dealer their is a lot restrictions and the silver might get lost in the mail and got to factor in shipping costs and insurance. I will always sell my silver back to my LCS no matter if I take a loss.
Unfortunately, the only one making money on silver.. is the dealer. Been saying that forever..
Big like 97 my friend! Excellent video and thank you so much for sharing!
I always consider the resaleability of the PM's I buy. I am also a stacker and like to "drip" the PM's into my stack. I will change what I'm buying based on the conditions but will usually continue to buy. One of the fundamentals of PM's, or anything really, is that if you buy today and have to sell tomorrow, you are probably going to lose money. Doesn't matter if it's silver or a car. However, I don't plan to sell tomorrow so I don't worry about it too much. There is going to come a point someday (probably soon) where we wish we could get PM's for what we paid for them today. Thanks SW!
I'm stacking what I can find for under 25 just picked up 10 today. I got a little honeyhole thats still selling backdates ase for 30.
Awful never sell back to online dealers. Sell peer to peer or on eBay.
Great topic. Recently I decided to hold off on buying a 1 kilo Kook because I do not think I will do well if I had to sell it. Even if you buy and hold it could take a long time to recover the premium. There are still good reasons to buy silver but you need to be realistic and think through the possible outcomes.
This is exactly why I buy kilos. Yeah, 1.99 over spot is a no brainer when it means you are taking a far less swing in premium loss.
Great video man
I am waiting for the unobtainium phenomenon to kick in. It is coming.