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Mind Your Venture
United States
เข้าร่วมเมื่อ 2 ก.ย. 2024
Learning together how to get your money to work for you and how to become successful in your business and investment ventures.
Selling your silver explained #stacking #silverstacker #preciousmetals #preciousmetalsinvestment
What you need to know about selling your precious metals.
มุมมอง: 1 111
วีดีโอ
Best Investing In Yourself 2024 Recommended Books #preciousmetalsinvestment #investing #money
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Books you should read to get a better look at life and how you can take charge of it. Invest your time in yourself by reading these recommendations.
Gold Silver Ratio 20-1 #silverstaking #preciousmetalsinvestment #coin #preciousmetals #stacking
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What would you do if the gold silver ratio was 20-1? We take a close look at what silver & gold prices have been over the years to see if it is a good thing to trade in your silver for gold.
PAMP Lady of Liberty rounds & ASE's - Silver Eagle #stacking #silvercoins #coin #preciousmetals
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Taking a look at 2 beautiful silver purchases. Stacking silver rounds and silver coins is a great idea.
Trading silver for gold? Eagles buffalo rounds Constitutional numismatics #stacking #preciousmetals
มุมมอง 21814 วันที่ผ่านมา
I was thinking about selling some of my silver to get more gold. This is what I discovered while trying to see if it was worth it.
Found 2022 Silver Eagle & 90% junk silver while traveling in Oregon #silverstacker #silvercoins
มุมมอง 27921 วันที่ผ่านมา
When traveling I like to visit LCS in the area to see what I might find. This time I was compelled to purchase some silver after given an initially very high price. The coin dealer decided to look up prices on line and decided to lower the price of his 90% silver for me. Take a look at what I found.
Stacking Silver today explained 10% of 10%. #stacking #silverstacker #preciousmetals #coin
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Stacking Silver today explained 10% of 10%. #stacking #silverstacker #preciousmetals #coin
90% constitutional junk Silver explained#stacking #silverstacker #silvercoins #preciousmetals
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90% constitutional junk Silver explained#stacking #silverstacker #silvercoins #preciousmetals
Turning wood to Silver bars & buffalo rounds #stacking #silvercoins #silverstaking #preciousmetals
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Turning wood to Silver bars & buffalo rounds #stacking #silvercoins #silverstaking #preciousmetals
Why stack silver rounds, coins, bars & junk silver #stacking #silvercoins #silverstacker #stacker
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Why stack silver rounds, coins, bars & junk silver #stacking #silvercoins #silverstacker #stacker
INVESTING 101 SILVER GOLD PRECIOUS METALS REAL ESTATE #money #investing #realestate #preciousmetals
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My real-estate journey begins. #realestate #investing #propertyinvestment
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My real-estate journey begins. #realestate #investing #propertyinvestment
Stop stacking silver until you watch this!!#silverstaking #90%silver #stacking #preciousmetals
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Stop stacking silver until you watch this!!#silverstaking #90%silver #stacking #preciousmetals
Stacking 90% Constitutional / Junk Silver - PRICES REVEALED #silverstacker #stacking #silver #coin
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Stacking 90% Constitutional / Junk Silver - PRICES REVEALED #silverstacker #stacking #silver #coin
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Adding silver rounds & bars to my stack #stacking #preciousmetals #silver
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The Great Silver Rush! Why I’ll be stacking 90% constitutional silver#stacking #silvercoins #silver
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Investing in yourself. Stop losing money.#money #investment #investing
Stacking 90% Constitutional Silver#silvercoins #coincollecting #stacking
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Stacking 90% Constitutional Silver#silvercoins #coincollecting #stacking
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Investing in yourself, making money with your hobby.
มุมมอง 242 หลายเดือนก่อน
Investing in yourself, making money with your hobby.
How does the SILVER BUFFALO stack against 90% silver
มุมมอง 2683 หลายเดือนก่อน
How does the SILVER BUFFALO stack against 90% silver
SILVER....will it be your greatest investment?
มุมมอง 663 หลายเดือนก่อน
SILVER....will it be your greatest investment?
I was told that it comes out of the ground at 9:1.
Great info. There is part of the reason we believe the price is being manipulated for sure. Thanks for sharing.
The lowest tax brackets should never pay tax on bullion. Stop telling lies
Asshole. Don’t advertise, just give it to your kids and make sure they understand how to go about selling for the least amount of tax!! It is every Americans duty to optimize every tax “loophole” to hold on to as much of your wealth as possible
The ratio of gold to silver is neve going back down unless the western world collapses and we go back to a precious metal standard
The duck is wrong with you? Aren’t you Americans? It is your duty to pay as less tax as possible. Not tax fraud but using all available tax laws. Come on people,
Knowing the laws are important for sure, there are many loopholes that can be used.
No capital gains after 1 year
Why wouldn't you just put your money in a safe mutual fund like the S&P 500? The avg annual return of an S&P 500 mutual fund over the past 50 years is 11.86%, 20 years x 11.86%= 237.2%.
You could. It’s a great return. Thanks for sharing.
Those terrorists dont tax when u barter. This seems like a scare tactic into loosing your arss in CRYPTO 😂
Thanks for sharing 😂
Pay premiums and collectibles taxes when u sell rocks lol
You don’t sell to someone who taxes
I don’t think any individual taxes silver when you sell it, no one would really know either way, but you’re “required” by the IRS to report your gains from the sale.
@@Mindyourventure who's that? Terrorists?
SNATCH up that silver, no question. LOL Eventually you might switch to gold. My thoughts would be, buying some silver that is recognizable as money, not just a pretty coin. Like Constitutional, which people know right away, is valuable.
Thanks for sharing
you are only taxed if you sell,correct?
Yes, the are a few States that tax when you purchase.
Anything with a title, a deed, or an account number is subject to observation, taxation, manipulation, or all-out confiscation. PHYSICAL precious metals in your hands is the way. Those who want to steal it from you will need gloves, a metal detector, and a shovel. And I promise you they’re extremely lazy in most cases; They want nothing to do with all that. They’d rather steal from you with the push of a button from the cushy office YOU paid for.
Great list!
Thank you, they definitely have had a positive impact on my life.
I would trade a portion of my Silver in for fractional Gold, but I would hold on to all of my 90% Silver and mostly trade in Eagles, rounds, and bars.
Thank you for sharing
36:1 what should I do?
Totally up to you. Keep stacking.
Silver will be more important than gold for humanity😎
Only a fool would swap silver for gold at any ratio over 50 to 1
Thank you for sharing
Thank you for sharing. I appreciate your take.
Plato....45 BC? Who made that chart?
Appreciate you asking, I did not verify, it just caught my attention. It got me thinking about selling my silver for gold.
Trade my non-90% silver for gold. The Constitutional I may still keep most as barter.
Thank you for sharing.
When you get to a certain amount of silver, you realize that gold is better just for the weight. But I keep buying silver because I’m addicted lol.
It’s a whole lot of fun. Keep stacking.
MYV - your videos are exploding man. Great work!!
Thank you for your support.
MYV - I was lucky to get a bunch of mercs for $1 over spot. Only bought now because I felt the premiums are so low compared to it was in the past. Any chance you have data on how much premium over the spot junk silver has been over the years? I couldn’t find it no matter where I looked. Thanks!!
Just feels like we can pay the same for junk silver compared during pandemic when the spot price was much lower?
I’ll see what I can find. Thanks for asking.
@@Mindyourventurethanks!! You’re a numbers guy so I’d thought to as you lol.
I don't think the hedge story is true. At least not anymore. With a price so up and down, the only reason I stack is the counterparty risks. Institutions can not be trusted like before.
Thanks for sharing.
I would get rid of this 150 lb silver boat anchor I have to guard and worry about to big to hide to heavy to move gold is better
Thank you for sharing
The weight was the issue and the 8th & final Nobel Metal is if you DYOR you might understand the method of my madness
Answer is decentralized assets (physical & digital )I would swap 60% of my Silver stack. Constitutional & ASE will be HODL status till further notice. Buy *Silver . Gather #GOLD .
Thank you for sharing
I would trade half of the silver in for more gold.
Thank you for sharing
Very enjoyable video! So do you find your best deals from online dealers or local shops?
It’s truly a mixed bag. I search diligently for the best deals. By watching TH-camr channels on silver I got some special promotions online. I also have found some great deals at a local pawnshop (not recommended, mostly high prices). Some of the best deals I have found are when buying a full 20 through COSTCO, using my Costco credit card to get 4% back. I got Eagles for around $2 over spot (free shipping & no tax where I am). I also have a LCS that has pretty good prices consistently.
@ I have heard of others talk about buying from Costco, so with that question so if your in a state where you don’t pay taxes for your coins, will that be the same at my local Costco as well? I need to look into this. I am a Costco member, but I don’t have their credit card. Maybe I should get it.
The paper metal market dwarves the physical and is being artificially kept wherever the shot callers want it
I think I read somewhere recently that some of the larger banks that were doing this could only back what they sold at a rate of 400 to 1. It’s really bad. Hopefully that all changes soon.
I would sell all that . Buy xrp and forget about it.
I have tripled my money. And it's holding on metal.
XRP is doing great! Wish I would have known about it years ago. Thanks for sharing.
I like what you’re doing with your channel. I’m trying to educate with mine as well. In my opinion, is your duty to get Silver as close to spot if possible. One the way to do that is to buy used i.e. secondary market Silver. The dealer typically pays back a spot and you can get it close to and sometimes even at spotthe retail market has not caught on yet. Silver premiums and gold premiums are pretty low, but one retail gets burned on the stock market and bitcoin they’ll be diving head first into golden silver at that time the premiums will jump up.
Thank you for your positive comments. Much appreciated.
Great theme song 🎵
Thanks, I had fun making it with some friends who do music stuff. Currently working on a spin on the 12 days of Christmas called the 12 Days of Stacking. It will launch next week in a 12 day series of videos. I hope you enjoy it as well.
That "throughout history" graphic is worthless deceptive, whatever. Skipping the last 300 years renders it pretty much worthless. Setting that aside, IF I was confident that the ratio wouldn't continue going down, I would swap out roughly 1/2 of my silver for gold.
I agree. The more recent years won’t be that important much longer either imo. Thanks for sharing.
I would convert 2/3 of my stack
Thank you for sharing. I’d be about the same.
By saving your silver you did not make a dime do to inflation, do the math but you are losing less than the population that I can tell you. 👍
I agree, silver does not outpace inflation.
In 1942, 2 Mercury dimes bought you a gallon of gas. Today, the silver in 2 Mercury dimes will buy you a gallon of gas (in CA it takes 3, but prices are insane there). So … that isn’t “keeping up”?
Yeah,you probably started stacking silver last month🤪🤣😂
@jisskk28 Lol 😂 APPROVED!!! How did you know young fellow 😃
@@jisskk28, I started 3mon ago
I’d trade for at least 3 oz of gold maybe take some cash profits
Thank you for sharing.
Young fellow all silver except constitutional silver will be taxed 25% because those in charge in Government are CRIMINALS!!! And they won't tell you that. As far as the Buffalo gold piece that's considered a currency because it's made by the United States mint. You and I are AMERICAN'S but they are not.
Great information.
@@Mindyourventure For me or you ? Mind blowing!!! 😂
About the Buffalo Gold coin. Is that the only according to the IRS or do they have the American Gold Eagle listed as an item that’s exempt as well?
20 to 1 ? all the silver I own would be traded for gold.
Thank you for sharing
Even if it was a 40:1 ratio, I'd take a profit and also trade into more gold. Generic rounds, 5, 10 and kilo bars would be the first to go. Edit: When buying, one needs to consider sales tax, if any, of your state. I only bought when I had enough to overcome the threshold where sales tax were waived. It was $1500, now $2000. Tax rate is around 8%.
I would probably do the same.
Same, I hate tax on metal
@@JJj-sb5pz yeah, then they want to get capital gains taxes when you sell. As if you have proof of the price paid for each ounce that you bought. I have my opinions on that but won't express them here. 😉
Thank you for staying civil 😂, a lot can be said for unfair taxes.
the past 3 years, I said gold will reach $5k + premium 10% $5,500 w/ high demand and silver in the $70's ratio around 75 w/ low demands.
Interesting take, I’ll be watching.
I don’t trust banks or the dollar at all and will always put almost everything $$ into metals.
Thank you for sharing
you have my like for the "clown world" xP
Thank you.
I will convert 140 oz to gold.
Nice!
Both have there pros and cons, stack both!
Very true.
The ratio was less than 3-1 millennia ago. It was 15-1 originally in our country, then it changed to 16-1. Later they removed silver and gold out of our money, so the dollar is now toilet paper.
Thank you for sharing
If silver goes to $50 an ounce, I would take my profits and trade heavily into gold imho.
Nice.
I have been collecting both since 2009. Even back then all the silver stackers and sellers were harping on the ratio. But the issue is that all the big banks and institutions will only buy gold. They rarely buy silver. Gold has always done better and I think it will do better still in the future. Tons of the silver stackers TH-camrs I see at some point need to sell their silver to pay off a car, business, or some kind of debt. Big gold stackers almost never sell and I think that is missed a lot. I also tend to believe that dealers make more money by selling silver than gold maybe that is why it’s better pushed so much more. With that being said, I just bought 50 oz of silver last week. Thoughts on this?
Very interesting, I’m hoping silver reaches some new highs where I can also trade in for gold. My stack is a savings account not an emergency fund (if you get my meaning). I think you’re correct on dealers making more on silver.
The key is getting completely out of debt, it is a wonderful feeling. Then stack.
I agree with living a debt free life.
When retail finally jumps gold and silver premiums will rise fast. Right after the banking crisis in March 1923 Silver spot was $25 and American Eagle were selling for almost 50. That is also a good time to take advantage and swap some silver for gold.
Silver spot $31.21 × 715 = $22.31 face. I sell at $23
@@NumismaticStacker-z8x that is a good price. Very reasonable. Thank you so much for sharing.
Who do you use for your silver eagle?
Costco recently, however I purchase them with a mix of rounds or 90% to keep my avg. cost down. Bellevue Rare Coins, also other LCS locations. I was recently in Oregon & purchased some 90% & an eagle for $2.02 over spot combined.
Great videos my man. Not sure why your channel isn’t bigger. It’s always nicely put together.
Thank you so much, it’s a fairly new channel, I’m working hard to grow the audience. Very thankful for your support & kind words.
I can get Junk Silver at spot but I would never pay over 20-22X Face. It doesnt matter how much Silver Spot is its how much you pay over spot
@@glockumollie1230 thank you for sharing.
Finally, a silver TH-cam video where the video creator is not just waving his hands around! Hallelujah! Drives me crazy when they do that! Thank you sir for doing a video showing yourself! I have a lot of junk silver myself. Still like them more then some of the new stuff!
@@trekker8033 thank you for your comments. The old stuff is beautiful & unique. It’s fun searching for it.