46 years just poking along today at 30 ozs. a week. The least I have put aside in my life. As I have had a good run now through life. Never put 1 oz away to get rich. Instead only to retain wealth and provide a nice comfortable retirement. You beginners with less then 10 years of stacking experience keep it going you’ll never regret your collection.
Great advice for beginners! Anyone who knows a young stacker or someone who's just getting interested in stacking needs to share this video with them. Thanks for the quality content! 👍
Have an exit strategy. After 8 years just now finding out what I can get for my silver so I can trade up for gold. Luckily the info on this channel and in the community is pretty spot on. Never thought much about selling silver ever.
@@TheComicsDen Thanks for the advice. I am buying with cash and 1oz pieces. I do need to learn how to check for authenticity. I did pay alitttle over $4 over spot.
@@TheComicsDen I`m from Canada so we pay about 30% more than the US. The dealer I buy from is cheaper than any online seller I can find. Do generic rounds sell for less? I don`t care about who makes them as long it is good value. Also I pay cash and in Canada we don`t have to clam anything under $1000.
@@marilynbuchfink7062 IF you don't want the government to know you have precious metals, then a paper trail is something to avoid. A secondary risk is any bad actors within the transaction chain who could theoretically use the information to come and steal your PM. Unless you're buying a LOT, that's a lower risk than the guy who stakes out the LCS and follows people home to pick his burglary/robbery targets. Most such lowlifes are more likely to hang around ATMs, just as there is more risk that someone inside the transaction chain will steal your identity than somehow knock off your house.
I greatly appreciate your videos. I'm just starting out and found you online. I watch your videos one after another. You have really changed my mind on how and what to buy. I just wanted to say thank you. Without you giving your time to help educate me I would be completely lost.
Started my silver stacking around late last year, but now with everything considered, you have given me the best idea how to stack. It works for me, especially being that I barely have enough for me. Thank you Silver Dragon! 💙👍😁
Great tips as always! Junk silver is a great way to get started since you can purchase in smaller amounts with less premium than fractional bullion. It still is the primary thing I stack so far as I can find it on a deal.
As a new stacker, started maybe 2 weeks ago, up to 15ish oz. All you’re videos have been more than useful. Wish I had done some research before buying some stuff like Eagles. Money towards rounds would have been better spent. Live and learn though.
9:00 We had the foresight when we bought our house (which needed finishing) to buy a safe from a hotel furniture surplus store. So all my metals are tucked away in a solid safe anchored in concrete - whose key lives in the gun safe. ❤️
For a cheap safe put an exterior grade door on a closet or bedroom and install an electronic deadbolt. It works good & you can have multiple combinations for authorized users. 👍👍
Wow your voice sounds like a kid in this video compared to recent videos. It's giving me a good laugh this morning. Hope you don't take offense, it's just the way things go in life... we start young and inexperienced and then old and wise. As for me at 61, I'm old, maybe a little wise, and just beginning with buying silver and gold. I'm the kid in this silver and gold thing we're all doing and you're the one with the experience. I watch several of your videos each day, learning more and more, and I thank you for that. Really love the videos at Harry's shop and when you visit other shops, especially the Tucson AZ shop, that place looked really cool. Take care.
i've known about people that have stored silver/gold in banks and companies that hold precious metals. it's a dicey thing cause should the company or bank go out of business, the customer can lose the metals to claims from the company or bank. I would always keep your own safe. I 100% agree with silver dragons on that.
All great points! The only question I would ask is about exit strategy. When I began a few months ago, once I began to understand premiums and spot price, that was my sole focus. In my area (South Austin, Texas) it seems that the local LCS establishments either are elite high capital requirement bullion dealers or places I wouldn't necessarily trust. It seems as though there's no in-between trustworthy LCS places like you and Yankee are fortunate enough to have. Thus, finding a place to eventually sell off some of my stack is going to be a real challenge.
I would consider purchasing or selling to the larger companies such as Apmex or US gold bureau. The overhead is usually a bit lower for the transaction.
This is very helpful. I have no idea what I am doing and I don't know anyone that is metal collector than I am aware of. I took notes and I bookmarked this video. Thanks much.
One oz at a time is what I did and love it over the 2 months since I started I’ve gathered 34.5 oz of silver and 5.5 grams of gold and a few goldbacks and very much agree with heavy safe lol 😅
Great video! I have been seriously thinking about buying gold & silver for a while now, but didn't even know where to start. Your video was informative and is great for new comers. The only problem was when taking notes you talked way to fast so I paused a lit!! Lol. Thank you for your video. I will be buying them now!!
My boss got me into stacking recently and to start me out he sold me 5 maple leaf's for $75.00. your videos will be a big help in the future. Thanks.....
Very helpful comments. I am starting to buy silver Brittania coins in small , affordable amounts , and was encouraged by the way you similarly began . In the U.K. they are legal currency and free from Capital Gains Tax ( I THINK !) . Best wishes .
I started about a year ago and find junk silver and scrap gold jewelry far below melt value. The scrap gold will be tested and sorted and melted at that karat and sold to jewelers at market plus 10%. Holding on the junk silver and bars. Always take a metals tester when you buy at auctions but good deals there.
Great Information. If I had only saved Junk Silver when I was much younger I would be very well off. But it's not too late. Silver and Gold, especially Silver is why undervalued. Have a great day.
Start young. Low premium! Junk silver. Rounds. I agree completely! Thanks! Texas Precious Metals, offers free shipping for all purchases. No minimum, with insurance. Good prices.
@@SilverDragons47 I’m glad you reminded me about MCM. I actually had placed two orders last month. I was thinking they both were ordered from MCM. When I got an email confirmation from the one that wasn’t MCM I called to question the shipping cost before I realized what I had done. Thanks again!!
Thanks to YT and people like you, We was schooled by the best Stackers around. The worst mistake we have made in the last 3 month when we started stacking, is buying from Silver Towne! We watched a lot of YT videos before we spent the first $. Even checked videos to see if the online bullion dealer was legit!
MD has taxes on less than 1000 purchases :( i remember paying with a credit card for a tube of eagles. So i payed credit fees and taxes at my lcs and it ended up being like 7 over spot. Spot was 16 at the time so im actually in the clear lol
Great video my friend very helpful information. I thank you for taking the time to share with us what you have learned and what you wish you had known as a beginner collector. Hope you have a great day Best wishes
I have 6 5 gallon buckets weighing 650 lbs.+ of constitutional silver coins pre 1965. Only quarters dimes and halfs. Been collecting since the age of 5 1950 - 1970 were the best years because the 90% coin age was still in circulation in quantities. I was a paperboy and I had multiple large routes and skim of every silver coin I could get my hands on. I have over 20,500 troy ozs. of constitutional silver. I have over 70,000 ASE'S in sealed mint monster boxes. I have over 17,000 troy ozs. in silver bullion 5 - 10 - kilo - 100 troy oz. .999 bars. I have over 22,000 troy ozs. in silver .999 sovereigns. I been stacking almost 70 years I am 77. I trade silver for gold sovereigns only no bullion for this guy. Bottom line gold is the metal of choice. I was buying gold in Saigon Vietnam back in 66-69 two tours of duty on the black market from the Viet Minh Viet Cong for 35.00 a troy oz. they dealt with me because I paid in American dollars which was illegal if caught. I bought hundreds of ozs. and had a friend send them to my sister's home back in the states.
Very helpful, I'm getting ready to start stacking. You make it easy, at least for me, to understand the do's and don'ts. Thanks for sharing your knowledge with us. ✌🐲
@Shane Ashby 1oz Boston TeaParty / Don’t Tread on me coin 👊🏻👍🏻🤓🇺🇸 I REALLY wanted that USS Constitution ship coin , if I had an up to date balance of my paypal account I would have bid much higher !!!
Highly unlikely that local coin shops sell fake metals. They are required by law to include a specially signed receipt for every purchase. The shopkeeper doesn't want to get sued because their patron actually checks the authenticity of the metal they bought. This is more a problem with private sellers or handshake deals.
Hi SilverDragons, I'm a big fan, started silver stacking due to your channel. I'm from the Philippines hence i can't seem to find any local coin shop selling silver coins. I've also checked online dealer but no option for my country. Do you have any suggestion where can shop instead aside from ebay? Thank you 😊
@@SilverDragons47 Thanks alot man. I really appreciate it, looking forward for your future videos. Your videos help us alot specially us beginners. Kudos man 🙏
Jewelry stores. You may want to consider investment grade jewelry rather than coins/bars/rounds. Investment grade gold jewelry is 22kt. It is HUGE in India and much of the Middle East. I don't know if there is much of a investment grade silver jewelry scene.
Though I do agree with you on dollar cost averaging, I disagree with the amount per purchase, I recommend to meet the threshold of 1500 dollars per purchase. #1 reason is there are no taxes above 1500 dollars. # 2 if you cannot save up 1500 dollars, chances are you will end up needing to sell your stack to pay the bills. #3 The larger the purchase the lower per coin cost, this can be substantial, Apmex typical spread is 2 dollars. Right now per 1500 dollars the spread is equal to 4 ounces or 37 ounces per monster box . that's my 2 cents
Thanks, I plan to make my initial junk silver purchase today. I plan to invest at least $150-200 and want to make sure I make the right choice as far as who I buy from. I'll be shopping online bc I live in a pretty remote area but I always research the reputations of online businesses before I spend my $ so I'm hoping it goes well. Is 15x face value pretty acceptable rn? I last heard a junk silver dime ia worth appx. $1.40 so 15x sounds pretty good to me but I know very little of this game. I appreciate the videos!
I would never recommend a bank to store my gold. Safety deposit boxes are not FDIC insured, if a bank closes, or brought by another bank, it might take a while to get to your safety deposit box. If the government decides to have a bank holiday, they could essentially take your gold. I would recommend a heavy fire proof safe in a well hidden place in your home. I also have a question. When you go to a new lcs, do you bring a magnet and scale with you and do a ping test? Besides that, great video as usual!
FYI. Watched a video on heavy safes, digital key pads were easy to break into with an earth magnet. 30 seconds is to fast. A much bigger magnet than the one you're using though. I'm looking for a safe for my guns, silver and coins.
I bought my first gold and silver recently went for a 10g gold bar a gold Canadian maple coin 1kg bar of silver and 6 silver Britannia coins very happy with my order but will be stacking silver rounds and bars I think.
Also I think that the ping test app is excellent, costs a few dollars and compliments other testing methods. Many government bullions also have security features such as radial lines and micro engravings
@@SilverDragons47 fake coins are capable of passing the sigma where a ping test can pick up on it No test is completely full proof except for melting it down 😆
First off, love watching your melting videos. I found you as a recommendation by TH-cam from sreetips a few weeks ago. I decided to make a small purchase last week from an online bullion deal and was surprised to find sales tax. I thought I read the laws right for my state. While I know the tax subject is confusing and complicated, I’m wondering if there are clear definitions on what “bullion” means or if it’s subjective by state. I haven’t found any good TH-cam videos that address these definitions and I think a TH-cam video that directly addresses the universal American definitions used in these “laws” would be super helpful.
it’s different from state to state. some states require you to make a large purchase to not have to pay the sales tax. I don’t pay any sales tax in Oregon 🤷🏽♂️🔥🐉
When you weigh a coin, shouldn't you also verify that it corresponds to the expected volume? I suppose that you need to have a special vessel that makes it easier to read, something with a very narrow spout beyond the room for the 1OZ coin + water. I suppose a caliper can be used, but since coins aren't completely flat, its not as precise as submerging it.
Thank you for the interesting video. Do you own gold and silver in a particular ratio, eg 10 ounces of silver to 1 ounce of gold? If so, what is that ratio and your rationale? Thanks.
I'm a beginner, I enjoy this video. Is the spot value and face value the same and where would this tool here like me go to look for prices of silver and gold so and can gage it when to buy and not to
I know I’m late to this video.. maybe I’ll comment on a recent one too.. any inexpensive coin scales you can recommend? The Internet is such a hit or miss. No clue how they end up with the ratings, especially when quality is really mehhh
great video, it answers a lot of my questions. it's the best way for me to get into Gold to buy 1 and or 5-gram bars, or should I try to save up for a 1 oz coin?
Anything under 1/4 oz (8 grams) is almost always (99%+) going to have stupid high premiums. There ARE some reasons to pay those premiums, but maximizing your investment is not one of them. My personal, albeit entirely theoretical at this point, rule is no gold under a half ounce, although I may modify it to "no gold at a higher premium than my average silver premium."
46 years just poking along today at 30 ozs. a week. The least I have put aside in my life. As I have had a good run now through life. Never put 1 oz away to get rich. Instead only to retain wealth and provide a nice comfortable retirement. You beginners with less then 10 years of stacking experience keep it going you’ll never regret your collection.
It would be nice to see a video on basic coin shop etiquette. With input from some folks on the other side of the counter.
yes that’s a great idea! 🔥🐉
I would love tips on how to negotiate on the price. Will local coin shop give me a better deal if I spend $500 on the regular?
Great advice for beginners! Anyone who knows a young stacker or someone who's just getting interested in stacking needs to share this video with them. Thanks for the quality content! 👍
thanks so much my friend! 🔥🐉
Have an exit strategy. After 8 years just now finding out what I can get for my silver so I can trade up for gold. Luckily the info on this channel and in the community is pretty spot on. Never thought much about selling silver ever.
yeah always have an exit for sure! I hope to trade some up to gold if the GSR tightens more 🔥🐉
I just started buying silver. I only have 14 oz so I feel like way behind. I`m going to buy some every month is that a good idea?
@@TheComicsDen Thanks for the advice. I am buying with cash and 1oz pieces. I do need to learn how to check for authenticity. I did pay alitttle over $4 over spot.
@@TheComicsDen I`m from Canada so we pay about 30% more than the US. The dealer I buy from is cheaper than any online seller I can find. Do generic rounds sell for less? I don`t care about who makes them as long it is good value. Also I pay cash and in Canada we don`t have to clam anything under $1000.
@@TheComicsDen I am very NEW at this, what is the problem with a paper trail?
@@marilynbuchfink7062 IF you don't want the government to know you have precious metals, then a paper trail is something to avoid. A secondary risk is any bad actors within the transaction chain who could theoretically use the information to come and steal your PM. Unless you're buying a LOT, that's a lower risk than the guy who stakes out the LCS and follows people home to pick his burglary/robbery targets.
Most such lowlifes are more likely to hang around ATMs, just as there is more risk that someone inside the transaction chain will steal your identity than somehow knock off your house.
yes I would say don’t overextend yourself and just buy what you can afford every month 👍🏽 great start! 🔥🐉
Great video! My wife and I just started stacking Silver and this helped clear up a few of our concerns so thanks for posting it!👍
Started my stacking just yesterday and your videos have been very helpful. Thanks!
I greatly appreciate your videos. I'm just starting out and found you online. I watch your videos one after another. You have really changed my mind on how and what to buy. I just wanted to say thank you. Without you giving your time to help educate me I would be completely lost.
Started my silver stacking around late last year, but now with everything considered, you have given me the best idea how to stack. It works for me, especially being that I barely have enough for me. Thank you Silver Dragon! 💙👍😁
Tks for all the advices... I appreciate it, as a novice stacker every detail counts.
you are welcome my friend! thanks for watching! 🔥🐉
Thanks for another great video. I have been buying for a few years, but I am still a greenhorn. I'm learning a lot from you.
Great tips as always! Junk silver is a great way to get started since you can purchase in smaller amounts with less premium than fractional bullion. It still is the primary thing I stack so far as I can find it on a deal.
thanks! yes junk is great for stacking! 🔥🐉
I won a one oz silver bar in a giveaway and now I'm super excited to start stacking ! This info will help alot !! Thanks
As a new stacker, started maybe 2 weeks ago, up to 15ish oz. All you’re videos have been more than useful. Wish I had done some research before buying some stuff like Eagles. Money towards rounds would have been better spent. Live and learn though.
9:00 We had the foresight when we bought our house (which needed finishing) to buy a safe from a hotel furniture surplus store. So all my metals are tucked away in a solid safe anchored in concrete - whose key lives in the gun safe. ❤️
Great video I just got into stacking already up 4 lbs in silver and only 2 oz in gold it’s a start. However I’m in it for the long haul.
Excellent video! Very informative...I have learned a lot. Thank you Silver Dragon😃
awesome thanks for watching my friend! 🔥🐉
I think you covered all the basics SilverDragons, good job!
thanks so much my friend I appreciate you watching! 🔥🐉
Good information silver Dragon .
For a cheap safe put an exterior grade door on a closet or bedroom and install an electronic deadbolt. It works good & you can have multiple combinations for authorized users. 👍👍
Great idea, thanks!
Wow your voice sounds like a kid in this video compared to recent videos. It's giving me a good laugh this morning. Hope you don't take offense, it's just the way things go in life... we start young and inexperienced and then old and wise. As for me at 61, I'm old, maybe a little wise, and just beginning with buying silver and gold. I'm the kid in this silver and gold thing we're all doing and you're the one with the experience. I watch several of your videos each day, learning more and more, and I thank you for that. Really love the videos at Harry's shop and when you visit other shops, especially the Tucson AZ shop, that place looked really cool. Take care.
i've known about people that have stored silver/gold in banks and companies that hold precious metals. it's a dicey thing cause should the company or bank
go out of business, the customer can lose the metals to claims from the company or bank.
I would always keep your own safe. I 100% agree with silver dragons on that.
yep always keep the cards close to your chest! 🔥🔥🔥🔥🔥🐉
You can pay for segregated storage which ensures the metal is your asset not the corporation’s.
My name is Nathan reichle 👋
Great video! Thank you so much!
All great points! The only question I would ask is about exit strategy. When I began a few months ago, once I began to understand premiums and spot price, that was my sole focus. In my area (South Austin, Texas) it seems that the local LCS establishments either are elite high capital requirement bullion dealers or places I wouldn't necessarily trust. It seems as though there's no in-between trustworthy LCS places like you and Yankee are fortunate enough to have. Thus, finding a place to eventually sell off some of my stack is going to be a real challenge.
look into selling to an online bullion dealer. typically they have good buy back prices... sometime even higher than what a LCS might pay 🤷🏽♂️🔥🐉
@@SilverDragons47 Thanks, appreciate your advice!
I would consider purchasing or selling to the larger companies such as Apmex or US gold bureau. The overhead is usually a bit lower for the transaction.
I agree.
This is very helpful. I have no idea what I am doing and I don't know anyone that is metal collector than I am aware of. I took notes and I bookmarked this video. Thanks much.
Newbie to stacking so have found your videos a wealth of information . Keep up the great work .
One oz at a time is what I did and love it over the 2 months since I started I’ve gathered 34.5 oz of silver and 5.5 grams of gold and a few goldbacks and very much agree with heavy safe lol 😅
very nice my friend! the heavier the better 😁🔥🐉
I have bought some colorized Silver Eagles usually under spot. It is still an ounce of silver...
Yeah and you could always strip the paint
that is awesome! buy all you can! 🔥🐉
The colorized silver American Eagles are beautiful !
Great video! I have been seriously thinking about buying gold & silver for a while now, but didn't even know where to start. Your video was informative and is great for new comers. The only problem was when taking notes you talked way to fast so I paused a lit!! Lol. Thank you for your video. I will be buying them now!!
I just started last October better late than never!
I just started back in March but I've got 70oz stacked so far. Good start in my opinion.
Great 👍 vid.. wanting to start ASAP..
It was value added.ill subscribe. any update since this vid
Your information is extremely helpful for someone new to metals. Watching your videos got me up to speed quickly
Awesome first time stacker thank you.
awesome thanks for watching my friend! 🔥🐉
My boss got me into stacking recently and to start me out he sold me 5 maple leaf's for $75.00. your videos will be a big help in the future. Thanks.....
Very helpful comments. I am starting to buy silver Brittania coins in small , affordable amounts , and was encouraged by the way you similarly began . In the U.K. they are legal currency and free from Capital Gains Tax ( I THINK !) . Best wishes .
Excellent video. Now I can buy coins with much more clarity. Thanks.
thank you so much, i'm starting stacking
I started about a year ago and find junk silver and scrap gold jewelry far below melt value. The scrap gold will be tested and sorted and melted at that karat and sold to jewelers at market plus 10%. Holding on the junk silver and bars. Always take a metals tester when you buy at auctions but good deals there.
It might be a good idea to have a camera pointed at your safe with a motion sensor that will alert you when someone is around your safe.
absolutely! the more security the better 🔥🐉
Great Information. If I had only saved Junk Silver when I was much younger I would be very well off. But it's not too late. Silver and Gold, especially Silver is why undervalued. Have a great day.
yeah I wish I had a bunch of old silver coins as well... keep on stacking my friend! 🔥🐉
Start young. Low premium! Junk silver. Rounds.
I agree completely!
Thanks!
Texas Precious Metals, offers free shipping for all purchases. No minimum, with insurance. Good prices.
nice that is cool of them! MCM also has free shipping on every purchase 🔥🐉
@@SilverDragons47 I’m glad you reminded me about MCM. I actually had placed two orders last month. I was thinking they both were ordered from MCM. When I got an email confirmation from the one that wasn’t MCM I called to question the shipping cost before I realized what I had done.
Thanks again!!
Nice video. Very good basics and something I would send out to people to share
thanks so much my friend and feel free
to send it out! 👍🏽🐉🐉
Thanks to YT and people like you, We was schooled by the best Stackers around. The worst mistake we have made in the last 3 month when we started stacking, is buying from Silver Towne! We watched a lot of YT videos before we spent the first $. Even checked videos to see if the online bullion dealer was legit!
thanks for watching my friend! yeah I don’t ever buy from them directly 🔥🐉
Awesome video thanks for sharing.
MD has taxes on less than 1000 purchases :( i remember paying with a credit card for a tube of eagles. So i payed credit fees and taxes at my lcs and it ended up being like 7 over spot. Spot was 16 at the time so im actually in the clear lol
sounds like it worked out but maybe saving up would have been better in the long run? 🔥🐉
I've been putting in overtime and I'm going to use that to incest with. I just got my first 1 oz bars! I can't wait to get them delivered!
If you are going to incest, you just might be a redneck. Don't let the police know. You could go to jail for 20 years.
Good video. Thank you.👍
I never imagined how large my stack would be. You need to address the storage requirement as you begin stacking.
yeah lol I have upgraded my safe. now I have a decoy and a legit safe... maybe a few decoys 🔥🐉
@@SilverDragons47 I hadn't considered decoys!!!
Great video my friend very helpful information. I thank you for taking the time to share with us what you have learned and what you wish you had known as a beginner collector. Hope you have a great day
Best wishes
awesome thanks so much for watching my friend! 🔥🐉
I am New to buying coins i have been buying for a couple of years thank you for the info 😃
I have 6 5 gallon buckets weighing 650 lbs.+ of constitutional silver coins pre 1965. Only quarters dimes and halfs. Been collecting since the age of 5 1950 - 1970 were the best years because the 90% coin age was still in circulation in quantities. I was a paperboy and I had multiple large routes and skim of every silver coin I could get my hands on. I have over 20,500 troy ozs. of constitutional silver. I have over 70,000 ASE'S in sealed mint monster boxes. I have over 17,000 troy ozs. in silver bullion 5 - 10 - kilo - 100 troy oz. .999 bars. I have over 22,000 troy ozs. in silver .999 sovereigns. I been stacking almost 70 years I am 77. I trade silver for gold sovereigns only no bullion for this guy. Bottom line gold is the metal of choice. I was buying gold in Saigon Vietnam back in 66-69 two tours of duty on the black market from the Viet Minh Viet Cong for 35.00 a troy oz. they dealt with me because I paid in American dollars which was illegal if caught. I bought hundreds of ozs. and had a friend send them to my sister's home back in the states.
your top notch when it comes to hitting the comment section, and I commend you for that!! not an easy feat. thank you for the vids!
Love these videos im a beginner only 8 months of stacking
awesome welcome the community my friend! you are probably a veteran now compared to a lot of others 🤣
Very helpful, I'm getting ready to start stacking. You make it easy, at least for me, to understand the do's and don'ts. Thanks for sharing your knowledge with us. ✌🐲
Received my auction winnings in the mailbox yesterday !!! That was lightening fast!! I look fwd to the next auctions!!!
awesome thanks for the support my friend!!! 🔥🔥🔥🔥🐉
@Shane Ashby 1oz Boston TeaParty / Don’t Tread on me coin 👊🏻👍🏻🤓🇺🇸
I REALLY wanted that USS Constitution ship coin , if I had an up to date balance of my paypal account I would have bid much higher !!!
I just made my first precious metal purchase ever - 117 oz fine weight worth of constitutional silver coins. Paid 0.99x spot, fine weight, at my LCS.
Thank you so much you have taught me alot I'm just getting started with it this stacking awesome teacher
Looking forward to starting this new hobby! Thanks!
awesome best of luck with the stack my friend! 🔥🐉
All great advice! Thanks!!
Highly unlikely that local coin shops sell fake metals. They are required by law to include a specially signed receipt for every purchase. The shopkeeper doesn't want to get sued because their patron actually checks the authenticity of the metal they bought. This is more a problem with private sellers or handshake deals.
Great video and very informative! Thank you
awesome thanks so much for watching my friend! 🔥🐉
Great report, I wish I heard this when I started. I'm sure you helped alot of people!
thanks so much my friend! that is the goal 👍🏽🔥🐉
@@SilverDragons47 i am part - sadly - of the newbies... Never new it existed before. damn...
Hi SilverDragons, I'm a big fan, started silver stacking due to your channel. I'm from the Philippines hence i can't seem to find any local coin shop selling silver coins. I've also checked online dealer but no option for my country. Do you have any suggestion where can shop instead aside from ebay? Thank you 😊
I would try to find some local sellers... maybe etsy, craigslist, letgo, gumtree, offerup... whatever they have there 🔥🐉
@@SilverDragons47 Thanks alot man. I really appreciate it, looking forward for your future videos. Your videos help us alot specially us beginners. Kudos man 🙏
Jewelry stores. You may want to consider investment grade jewelry rather than coins/bars/rounds. Investment grade gold jewelry is 22kt. It is HUGE in India and much of the Middle East. I don't know if there is much of a investment grade silver jewelry scene.
Stacking since April 20, now currently at 113 oz
awesome keep on stacking my friend! 🔥🐉
Though I do agree with you on dollar cost averaging, I disagree with the amount per purchase, I recommend to meet the threshold of 1500 dollars per purchase. #1 reason is there are no taxes above 1500 dollars. # 2 if you cannot save up 1500 dollars, chances are you will end up needing to sell your stack to pay the bills. #3 The larger the purchase the lower per coin cost, this can be substantial, Apmex typical spread is 2 dollars. Right now per 1500 dollars the spread is equal to 4 ounces or 37 ounces per monster box . that's my 2 cents
Thanks, I plan to make my initial junk silver purchase today. I plan to invest at least $150-200 and want to make sure I make the right choice as far as who I buy from. I'll be shopping online bc I live in a pretty remote area but I always research the reputations of online businesses before I spend my $ so I'm hoping it goes well. Is 15x face value pretty acceptable rn? I last heard a junk silver dime ia worth appx. $1.40 so 15x sounds pretty good to me but I know very little of this game. I appreciate the videos!
Great video! Very educational and informative. Just one question...what does the term spot price mean? Thanks!
I would never recommend a bank to store my gold. Safety deposit boxes are not FDIC insured, if a bank closes, or brought by another bank, it might take a while to get to your safety deposit box. If the government decides to have a bank holiday, they could essentially take your gold. I would recommend a heavy fire proof safe in a well hidden place in your home.
I also have a question. When you go to a new lcs, do you bring a magnet and scale with you and do a ping test?
Besides that, great video as usual!
yeah like I said I don’t recommend that either... no I don’t bring anything with me in coin shops. I always test when I get home 🤷🏽♂️🔥🐉
FYI. Watched a video on heavy safes, digital key pads were easy to break into with an earth magnet. 30 seconds is to fast. A much bigger magnet than the one you're using though.
I'm looking for a safe for my guns, silver and coins.
Very good points, SD. Well done.
thanks so much my friend! 🔥🐉
Always enjoy the vids, SD.
thanks so much! 🔥🐉
Really great info. Thanks
I had a 100 oz goal for the year and ended up with 271. Sold some and hooked up my patio
I bought my first gold and silver recently went for a 10g gold bar a gold Canadian maple coin 1kg bar of silver and 6 silver Britannia coins very happy with my order but will be stacking silver rounds and bars I think.
Also I think that the ping test app is excellent, costs a few dollars and compliments other testing methods.
Many government bullions also have security features such as radial lines and micro engravings
yeah I have the ping app but I never use it 🤷🏽♂️🔥🐉
@@SilverDragons47 fake coins are capable of passing the sigma where a ping test can pick up on it
No test is completely full proof except for melting it down 😆
@@AY-qf4pg that x-ray tester though 😉
Ping test relies on having a GOOD known coin of the SAME type.
First off, love watching your melting videos. I found you as a recommendation by TH-cam from sreetips a few weeks ago.
I decided to make a small purchase last week from an online bullion deal and was surprised to find sales tax. I thought I read the laws right for my state. While I know the tax subject is confusing and complicated, I’m wondering if there are clear definitions on what “bullion” means or if it’s subjective by state. I haven’t found any good TH-cam videos that address these definitions and I think a TH-cam video that directly addresses the universal American definitions used in these “laws” would be super helpful.
it’s different from state to state. some states require you to make a large purchase to not have to pay the sales tax. I don’t pay any sales tax in Oregon 🤷🏽♂️🔥🐉
I love this guy.
When you weigh a coin, shouldn't you also verify that it corresponds to the expected volume? I suppose that you need to have a special vessel that makes it easier to read, something with a very narrow spout beyond the room for the 1OZ coin + water. I suppose a caliper can be used, but since coins aren't completely flat, its not as precise as submerging it.
Purchased last night The Fisch to verify the gold American Eagle Coins, do you recommend?
Love your videos just started stacking thanks..
I have never used it before 🤷🏽♂️ hopefully it’s a good product! 🔥🐉
Great video!
Start in 1981 like @Yankee Stacking 👌
I wasn’t even born for another decade 😂🔥🐉
I was born in 81 lol
2001 anyone? 👀🤣
I must be around his age…old. My pocket change is collectable! 😂
Thank you for the interesting video. Do you own gold and silver in a particular ratio, eg 10 ounces of silver to 1 ounce of gold? If so, what is that ratio and your rationale? Thanks.
you are welcome! probably more like 300 to 1 right now 🤣🔥🐉
I'm a beginner, I enjoy this video. Is the spot value and face value the same and where would this tool here like me go to look for prices of silver and gold so and can gage it when to buy and not to
I know I’m late to this video.. maybe I’ll comment on a recent one too.. any inexpensive coin scales you can recommend? The Internet is such a hit or miss. No clue how they end up with the ratings, especially when quality is really mehhh
My best deals where i got nunismatic silver coins for under spot price, were all with private sellers that just wanted quick emergency money
Kangas are dope 9999 as opposed to 999. Also, Britannias just look amazing makes you want to be part of the British empire.
Very nice introduction to stacking. Thanks for sharing. Stay safe.
thanks so much! 🔥🐉
Top video, mate.. Hope you are well.I would like to get silver Eagle or a Kennedy on day.
thanks a bunch my friend! i’m sure you will 👍🏽🔥🐉
great video, it answers a lot of my questions. it's the best way for me to get into Gold to buy 1 and or 5-gram bars, or should I try to save up for a 1 oz coin?
Yes! 😉😉
the best deal is almost always on the 1oz.... if you get a 1/2 or 1/4 oz on sale those can be good deals as well 🔥🐉
Anything under 1/4 oz (8 grams) is almost always (99%+) going to have stupid high premiums. There ARE some reasons to pay those premiums, but maximizing your investment is not one of them. My personal, albeit entirely theoretical at this point, rule is no gold under a half ounce, although I may modify it to "no gold at a higher premium than my average silver premium."
Stored gold and silver coins,in my sock draw for years til the bottom bulged down and I couldn't open the draw
Good helpful tips 👌 👍.
As always great video 💪👍👊
thank you so much! 🔥🐉
What up silver dragons 🐉!
hello my friend! 🔥🐉
I just started buying sunshine mint sliver 1/2 Troy ounce coins. I’ve been getting them from my local silver and gold pawn shop. Any suggestions?
Lol considering spot for American Eagles right now are 10$ over spot at my local shops.
Same here. Eagles have a collector premium and a shop premium here which puts them in the high 30 range if not 40 per Eagle.
Thanks friend!
Definitely a good video for beginners! 🌋
thanks so much my friend! 🔥🐉
A dollar over spot I’d buy everything they have up here in Canada we’re looking at anywhere from $8.50 to $10 over spot.
Very good information👍👍👍👍
awesome thanks for watching my friend! 🔥🐉
We should call pre 33 “junk gold “lol JK ... great video 👍
haha some people do call it that 🔥🐉
Regarding the magnet, do you recommend the “slide” test (it should slide down the silver slowly)?