Bullion Dealer Gets HONEST About GOLD in These Crazy Times
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- เผยแพร่เมื่อ 11 ก.ย. 2024
- In this video I talk to a bullion dealer about gold price increasing and how it is now over $2,500. We talk about how over the weekend he was not buying gold because of the expected volatility when the markets opened up on Monday. We talk about silver and how undervalued it seems to be as compared to gold. We talk about where gold and silver could go this week. We also show off some cool storage tubes that were gifted by a viewer of the show. Where will gold and silver price go from here? How much higher can gold and silver price go? When it comes to running a coin shop or coin store there are many factors to consider. I always appreciate when coin dealers or bullion dealers are honest with me. I Have been to Harry's coin shop many times and he has always been a strait with me. Where do you think gold and silver are headed? More Harry's Coin Shop videos below:
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Topics I cover in this video: bullion dealer, gold price, silver price, silver price up, gold price up, gold price all time high, invest in gold, gold investing, investing in gold, gold and silver price, silver and gold price, silver investing, invest in silver, buy gold, buying gold, how to buy gold, gold news, silver news, silver price update, silver price forecast, silver price prediction, gold price forecast, gold price prediction, silver dealer, silver shop, coin shop, coin dealer, silver stacking, silver investing, silver coins, silver bars, junk silver, gold coins, coin shop video, Harry's coin shop, silver, gold, precious metals, silver, gold, coin, coins
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Hey Silver Dragons! _Mat from Washington_ here!
The intent for the tubes was to hold 48 quarters (or $12 face) because...12 gauge shotgun shell...so $12 seemed appropriate. However, depending on wear, the number tends to vary. That said, looks like one of the shorter tubes slipped past me *hence the 46 in the video, whoops!) Yankee may haves guardhouse boxes, but you have shotgun shell tubes!
Details aside, I just wanted to do something to express my thanks and gratitude to you and everyone at Harry's. The time, care, and information you all provide is invaluable. You all are an asset to the community
Thank you for the tubes they are one of the coolest things I have ever seen for silver storage 💪🏽 great job on them! Yes Yankee ain’t got nothing on these 🤣
@@SilverDragons47 You're very much welcome ^.^
While I was at Harry's, I made sure to pick up some quarters and was able to fit 50 into the one at my desk.
Hey Mat! Those are so cool! We are a hunting and stacking family. My son is the main hunter and stacks constitutional. I would LOVE to purchase some of those from you for a Christmas gift. Are you selling? I actually was thinking 12 gauge shells when they were trying to figure out the amount that fit in them, but didn't think about $12! Duh!
Would you be willing to share an .stl file?
@OurHeroXero Hello Mat, this is JR from Washington State as well. Love the shotgun shell tubes. Genius! I'd love to buy some off you. I'm near Everett.
Buying silver and gold is easy, but it is renowned for stability during economic hard times like this. The main problem is investing in stocks, dividends and even cryptocurrencies to grow your portfolio.... I’ve been trying to grow my portfolio of $190K for some time now, my major challenge is not knowing the best entry and exit strategies ... I would greatly appreciate any suggestions
Just try to diversify your portfolio to other market sectors, that way your portfolio is balanced and you don’t get to make so much losses. Also engage the services of a financial advisor to walk you through
Right, I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments.
This aligns perfectly with my desire to organize my finances prior to retirement. Could you provide me with access to your advisor?
Rebecca Nassar Dunne is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.
Investing in gold seems like a good move, especially with the current market uncertainty.
Absolutely, gold has consistently proven to be a secure asset during periods of economic uncertainty.
But isn't getting into the gold market a bit tough? I mean, it's quite pricey for the average person to get into it. I've heard stories of people losing money because they didn't grasp the market well.
That's indeed accurate. Currently appears to be an opportune moment for an acquisition. Nonetheless, lacking appropriate guidance can lead to costly mistakes.
That's why I always turn to my financial guru, DESIREE RUTH HOFFMAN, for handling situations like this. She's an expert in the gold and silver markets and gives top-notch advice for smooth sailing.
I've also come across DESIREE RUTH HOFFMAN before, even found her on Google... Isn't she known for her meticulous approach to financial planning?
Our congress has no idea how we Americans are feeling, we individuals are fed up with this treasonous administration.I feel for people with disabilities for not getting the help they deserve...Thank you to Eric Azin Crypto ..l invested some little bitcoin and earned much weekly
Please how do y'all even make so much from crypto trading?
Market behavior can be complex and unpredictable. Mind if I ask you to recommend this particular advisor to whom you have used their services?
You may look him up online and confirm him for yourself.
i just found him, With all the recommendations I've seen here, I'll definitely give it a try
I just Googled his name and his website came up right away, thanks for the lead.
No one always gets price moves right, even with Harry's experience and intelligence. His humble attitude is appreciated.
The shop where I bought most of my gold refused to buy it back when I decided to sell. I will not be doing business with them ever again.
What's the purpose of buying gold if you can't sell just because the price is up. Wasn't that the point of buying it?
It’s a great retainer of wealth.
If your sole purpose is to buy low/sell high, then physical metals probably aren't for you. Precious metals are about preserving wealth/purchasing power over the longterm.
what are you talking about?
If you want to buy & sell metals- then isn’t that your right to do so?
@@GaryPloof Are you just pasting the same two comments to everyone?
Probably the most well kept coin shop I’ve seen. They all seem to be decent folks
Harry gotta keep it real that sounds super shady to tell someone your not buying today because your scared of the market, but your sure happy to sell to the public at a markup. If my LCS told me I don’t want to buy your PM because I’m afraid I’ll take a loss on Monday, I would never go back to that shop.
He'll certainly buy that championship ring from you when you beat Magic Johnson, James Worthy and Jabbar.
Agreed. Would rather a dealer quote me something low and give the reasonable reasoning that it's the weekend and market closed, rather than "not buying today"
Everyone loves Harry and his honest commentary, but if I was a local customer and he decided one day to not purchase at market price I would lose faith in him and move on to another dealer permanently. As stackers we have to have an exit strategy for our precious metals (for ourselves or our heirs). If Harry was part of that for me, I would be very concerned now.
I love the honesty, "I'm wrong this time,again".............. Sign of a good ,honest man. Really enjoy this channel and especially hearing all the different views from the guys. All the best from England.
I’m faced with a dilemma - what to do with my $300k inheritance? Should I invest in the stock market or diversify with gold? Seeking wisdom on the best way to grow my wealth!
Buy gold, govt has failed us
Gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my fin-planner momentous changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
I envy you, I’m still trying to recover from losses I incurred in 2021/2022, who is this investment adviser you work with, I’m intrigued and I could use some quality guidance
I’ve had the pleasure of working with Monica, my trusted financial planner, for nearly a decade. Although inflation has eroded some of our initial investment, her diligent management has helped preserve our nest egg, and we feel fortunate to have her expertise guiding us through the years.
this is incredible! how can I vet your advisr, mind sharing info, ifyou please?
I have respect for anyone who is honest with you. Harry is a no BS kind of guy. I have been there when dealers didn't want certain things. It's no big deal, there are plenty of other ways to sell gold.
People buy with the advertised slogan of "we buy and sell", people buy based on that, not to make an offer to buy from a customer who may need funds looks REALLY bad, I'd recommend not buying from dealers with that track record,
@@1p4g I don't need any recommendations.
@@1p4gEXACTLY!
If my LCS told me they “aren’t buying today” after selling to me at a markup every single day for years I would never go back
You’re right to do so.
Harry looked spooked at the beginning. Probably just nerves. They gotta keep the lights on.
Me too. They do not have issue selling.
He should have offered a bid. He was scared to do so. Are you paying attention to how people are behaving these days? I don't blame Harry...he could do more to negotiate.
LCS should always make an offer. even a low ball.
SD , you glossed over those sweet hand poured Pour'dland bars they had in they case. Made right here in portland by yours truly. Right on! way to represent Harry! I appreciate you carrying our hand poured product for your customers to enjoy!
If I came to your shop and you told me you wouldn’t buy my gold, it would be the last time I ever came to your shop
and your reason?
Your post is disappointing and ill informed. He did not say that. He said with the market closed and in a fast market situation he would have to bid further back than he felt was right for his business. You’re so foolish you have no idea when the market is open and when it is closed and think that little nuance does not mater. Maybe leave markets to people who understand. The man is trying to make a living while being fair and sometimes that means let’s wait until the market opens Monday to see where we are rather than me in my shop guessing where the global gold market is.
This is the same thing that’ll happen if silver goes to $50-60 an ounce…. The shops won’t buy your silver if the gold to silver ratio hits 50-1. So what do you do?
If they don't have cash... convert to Gold.
There will always be somebody that will buy it. If a bunch of places won't buy it, then save it for later and sell when it will be bought.
I would be trading silver for gold at that time. They should be willing to do that.
@@Supercheeseburger666 Can't always "save it for later". If the price is up and you wanna turn it into a large purchase, timing may be of the essence. What're you supposed to do wear a sign on your back that says "I've got gold for sale"?
I had good luck trading silver for gold at shops.
So if he's not buying gold when it went up to 2500 then he certainly not going to be buying it when it hits 3000. Who is gonna buy gold when it skyrockets?
You will!
Dealers that know how to hedge.
Oh your local coin shop will buy it at $3000, for about $500 under spot.
Agreed. This not the climate at my coin shop. They buy like crazy
@@timmccallum7336 Central banks, China, India. You really have no clue what's going on do you?
Question if he’s not buying gold on a weekend, why is he selling it on a weekend not knowing what the market is going to do?
My local coin shop is not open on weekends, because the market is closed and he can't know what prices are doing. Most small shops do not have unlimited cash reserves and they have to watch inventory and potential imbalances.
Because people who work real jobs are too busy to buy gold during business hours. Should be obvious.
HARRY IS LIMITED ON CASH IN THE METALS BUSINESS TRY BUYING GOLD AT 2500 PER OUNCE AND HAVING YOUR MONEY TIED UP TOO LONG IF PRICE TAKES A BIG DIP HES DOING BUSINESS IN A SMART WAY SO HE CAN CONTINUE
Cuz he knows how much he paid for the gold he’s selling.
The gold that was sold over the weekend was purchased prior to the spike in its price. Buying over the weekend (after a price spike) is gambling there won't be a pullback when markets open the following Monday (meaning any gold acquired over said weekend will be sold at a loss)
I starting getting into stacking in 2021, still learning a lot to this day. No one can predict the prices, but I know over the long run, it will go up.
Exactly. It's a long-term investment
Not buying is why it’s all a scam. The dealers won’t buy back but will sell it to you when the price is high.
Go to bullion dealers.....
He didn't say he would not buy ever, just not when the market is closed on a Saturday after a big jump.
@@BenBachrach Several times he mentioned this. Good ear and appropriate reply.
Ever heard of, Buy low, sell high? He is in business to make money.
@@BenBachrach But he'll take your money after a big jump??? Sounds one-sided, IMO.
Your just reinforcing everyone’s fears of buying and not being able to sell when needed. You have no problem selling to some sucker above spot at the highest highs. By your logic they are going to get hurt too.
He’s running a for profit business. He can decide what he does with his money. You should make good decisions with yours.
@@Gorbetron3000if Noone will buy your gold why sell too them.
@@Gorbetron3000boot licker
He didn’t force anyone to buy, and you want to force him to buy.
If you’re a good coin / bullion dealer, you’d always have a proper hedging program in place to be net neutral, regardless if spot drops. Your income should be the premium, not the spot value.
True, but small, local coin shops often don't have access to the futures markets. Furthermore, authorized bullion dealers often have buy/sell capabilities with large LBMA-accredited smelters even during weekends at spot prices. The smaller your business, the larger the risks, unfortunately.
@@cyclingphilosopher8798 True, but Harry had people wanting to buy and sell on the weekend, so he had a natural hedge. By not buying back what he sold, he wound up short, and missed making premium on sales he could have made because he didn't have inventory.
I can make an accurate prediction over the long term gold will continue to increase against the dollar.
I agree with that
I'm Not Buying Today, Don't Want To Go Down That Rabbit Hole! I see you guys are taking some heat and I get it but never break the golden rule "Always Buying - Always Selling". Adjust your buyback percentage and keep rolling, your loyal customers will understand. Thanks for the video guys. 👍 Life is good......God Bless
Seems like a short sighted view not to buy products that your business is built on. Long term even if you hold your inventory it will hold its value. Inflation isn't stopping so gold will rise. I wouldn't purchase from a business that won't buy it back.
Fair points, but you have to remember, anything bought also needs to be stored. Storage not only requires the space to keep product, but it also ties up cash (which can't be spent elsewhere).
That's not how business works. If your holding inventory that isn't selling you still have bills and employees to pay.... It's wild how low of an IQ most people have nowadays.
No doubt
My thoughts exactly as well....
no cajones😊
He just said no. Unless your buying, then he says yes ! We take a risk buying at 2500 too ! Wow
all these “stacker” youtubers just keep saying -the price is going up hurry up and buy or buy the dip
Look how much it is now
etc…etc…etc…so what’s the point?
Agreed. We can take the risk that they don't wanna take, I guess.
Whiners😢
@@allennimmons505 I'm not winning, but it does come across as hypocritical. Even S Dragons seemed surprised.
@@GaryPloof It's not the size of their balls. Authorized bullion dealers have open buy/sell channels with large, LBMA-accredited smelters and can move gold even in the weekends. Furthermore, larger bullion dealers most likely have access to the futures markets, meaning they're capable of hedging their inventories (basically a long position) with an equal amount in short positions. With a net zero position on the gold itself, the premium is always profit.
The smaller the local coin shop, the higher the risk. If anything, Harry is the one with the bigger balls.
Wow, not buying as a Bullion dealer looks kinda bad, people in need of funds should understand the dealer buying below spot is bussiness, but not buying makes people think why buy metals if it won't be sold, glad I don't buy metals, much better things to buy for bartering, like storable food
If you don't buy metals, why you watching?
Always good to spend lunch with Harry. Thank you.
yes indeed they really have a good selection of silver 👊🏽
Harry needs to address the Community and our concerns.
Well if you shop there, go there and talk to him. He doesn't need to address people in TH-cam comments.
He doesn’t force you to buy gold, and you can’t force him to buy it either. Concerns addressed.
Poor baby, show me where Harry touched you. So sad he won’t buy your gold stop being a baby. 🖕🏻
So I just learned that if prices go to the moon and I want to collect on my investment, I will have no buyer. What a scam!
Who is doing the scamming?
Or the person buying it from you may offer wayyy below spot price for it? I went into a local coin store recently who had a lot of gold coins in their inventory. Out of curiosity, I asked him how much that they were paying for an ounce of gold? $120 below spot was his answer, stating that they already had too much gold on hand.
Yes….They will charge you over spot (premium) to buy and pay you under spot when you try to sell. Who wins? The dealer…Who loses? YOU!!!! That is why it’s better to pursue other investments overall….buy a little gold, but other than that stay away!
@@JamesJackson-lw1ps Anybody dealer that will sell at an all time high but refuse to buy at one.
Coin shops are a business and there is rent to pay! No one wants lose their shirt!
Love Harry’s Coin Shop. Can’t get enough of these videos.
When a ruputable shop like yours will not pay at least spot for Eagles it creates concern. How liquid is any metal if when it gets volatile the spread goes up so much, and the general public cannot expect to at least get spot? Again I am specifically talking coins that are easily authenticated. The same coins a dealer will resell at a fair spread above spot. Thanks! Love your videos
@mikefawcett5596 Paying spot in this market with 75% sellers and 25% buyers will put you out of business fast. Been doing this for decades, markets change Sir.. One thing that has never change for me is I'm "Always Buying - Always Selling! Life is good.....God Bless
Thanks for featuring Harry and Adrian. Watching the market right now is both exciting and terrifying.
He should be buying back, regardless of spot. You know he'll sell when spot is high, so he shoukd buy, always. Very unfair. Why would i buy from a dealer if im not certain he would buy it back, at any given time.
You got that right!
I would NEVER go in that coin store. The guy will sell you gold, but he doesn't want to buy it from you.
Not when prices are surging. A lot of places won't or like he said, it would be for a lot less than you'd want.
It’s Harry’s business and he can do whatever he wants but not buying from customers is a pretty big 🚩
Harry should find a new business if you can't hack it
Harry was doing the guy a favor. He could have told him I'm only buying back at $2300. Instead he told him to come back on Monday when he could give him a fair market related price.
Personally I would have told him 2300 on Saturday and let him decide if he wants to lose on the sale or come back Monday.
@@aaronkingston3444 Now that makes total sense Aaron!
Sold 4 ounces on Saturday, no problem selling in Houston Tx china town
It’s always loaded on the buyers
I’d rather him say I just don’t have that type of cash and point me in the right direction
It sounds like dealers are thinking like short term investors.
Which makes sense since they make money on the spread more than the value
They are short term investors, and they need to buy low and sell high.
When you have employees/insurance/rent/etc... to pay every month, you have to focus on keeping the lights on, and that means taking immediate/short term profits. However, that doesn't mean the people themselves aren't longterm stackers.
Let it be known these videos are already a winning prize, great people that freely share their knowledge as to help strangers. I am a winner regardless of any contest past or future!
Does he feel this way when the market drops and he buys? Or only when it affects him?
I was considering calling him to make a purchase from him but because of this video I will pass on his shop. He is willing to sell but not buy. In reality it should balance out In the end. But he is not willing to buy.
Yo silver dragons the only thing people heard out of this video is that the dudes not willing to pay when the spot prices up... and to say that precious metals are real money but yeah can't Liquidate at Harry's on the weekend means it's just a hunk of metal until Monday😢
Bingo. I bet Dragons is sorry he left that in.
@@jaybarr3307 I bet you be right
Nice scenario for metals, but I see it playing out a little different, first of all I think that central banks and countries are waiting for one big event to happen and that would be a worldwide crash in banks and the stock markets where everything goes down in price including gold and silver and I also predict that this events will happen after the next US federal election which is slated for Nov 5/ 2024. I also see Gold hitting a bottom of 1500.00 and silver to go down to 15.00 per oz. When this happens It remains to be seen if bitcoin will succeed. If a central bank of one of the major economies decides to start accumulating bitcoin, then I think that will be a major inflection point...I've engaged in active trading and managed to grow a nest egg of around 2.3Bitcoin to a decent 24Bitcoin....At the heart of this evolution is Francine Duguay, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment.
Francine duguay program is widely available online..
The market has gone berserk! whether you're a newbie or a veteran trader, everyone needs a sort of coach at some point to thrive forward.
I appreciate the professionalism and dedication of the team behind Francine's trade signal service.
Francine goes deeper than just looking at surface-level trends. she explores technical, fundamental, and sentiment analysis, offering a comprehensive perspective on the market..
The clarity and precision in Francine market predictions are astounding. I'm so grateful to have found her reviews here on TH-cam as well.
these guys should always be buying or selling....thats why he opened the shop..i would think...if he wants to be a Commodities trader and speculate on daily intervels...then CLOSE the shop..!!
Why? That's like saying, anyone who enters the store must buy/sell based on the wants of the employees. No one at Harry's forces customers to buy/sell...so why should a customer dictate what the business buys/sells?
Always appreciate your honesty - even when it might not be what I want to hear. Silver needs to hit $45 this year
Silvers too manipulated for it up ever go to $45 . It’s needed for many too items to allow it to run wild . I’m not buying any silver til it dips under $25 otherwise it’s just gold for me which continues to make new highs !
@@maximussilverstacker3928 disagree - obviously your handle is dead wrong
@@LtColonelUSMC good point I’ve been stacking silver for a long time but gold is way better ! I’m not stacking any silver anymore unless if dips under $24 otherwise I’ll stick with gold! all silver does is disappoint us . January silver was $22 !
@@maximussilverstacker3928 It was higher than that back in 1980.
Bet he'd sell 10 ounces knowing the market could correct. So disappointed. Why stack it if you can't sell it when the price is up? Defeats the purpose.
You got that right! and the title says “honest”
@@marcl7612 Harry's sign needs to say "We buy COINS, SILVER and GOLD sometimes"
Who said you have to sell to this shop? They all operate differently.
He said he would buy gold today.
We are all are playing against a rigged market, especially over the weekends.
I’m buying so I don’t worry about one shop
He's a shop
If your purpose is to chase profits, then you may want to consider GLD or SLV instead. Precious metals are better suited for a store of wealth outside the system.
I think it's pretty interesting that someone who promotes and sells gold can also say "NO" to buying it back when someone wants to cash out. Business is business, I understand. But what is a stacker to do who decides to sell high only to find out those who sold to him don't want to buy it back. That's one thing that's always kept me away from precious metals. You pay a premium to buy, but then are at the mercy of dealers when it's time to convert back into cash...that is IF you can find any buyers.
Adrian looked embarrassed and uncomfortable by his shady owners options to turn his back on his own customers when they wanted to sell back what they paid a ridiculous premium on..... im pissed!!!
How’s your shop doing, Dirk? Oh, you don’t have one? Didn’t think so.
I’m sorry but if u sell it at 2500$ a oz ! U should give at least 2375 back! Or high side 2400$ that’s bad business to me! That kinda defeats the point of stack at low prices and selling on high! Tell me I’m wrong!!
Try selling something with low margins and high price volatility, you’ll lose your shirt.
Some of you people out there don't seem to understand business very well. This is what the man does to make a living and to keep at least one other sometimes more than one person gainfully employed. You see that brink and mortar shop? That is probably 5k a month for just the rent not to mention bills, taxes, taxes, taxes. He has to work on a small margin each month and the only way he can do it is if he consistently males a PROFIT. If he buys 10 oz at 2500 a o.z. and monday it goes to 2400 he might have to actually pull money from the month before just to pay bills. I don't know Harry but I am a great judge of character and I see a humble, fair and a good man. Its in his eyes. So scoff all you want because he is a little timid in a economy like this to lose money . That is the luxury of paying for a shop YOU MAKE YOUR OWM RULES .
I just started stacking recently and appreciate your videos with Harry and Adrian. These guys are knowledgeable and I respect their opinions.
There’ll always be someone to buy gold. Some coin shops might not, but someone will always buy it
I wonder if silver shot up to say $100 …. Wonder if You would be stuck with it.
@@pittsbirds1656 Unless you think Ebay will rescue you, yeah, I think you might get stuck with it. Not all of us have deep ties to the community. We buy and store it away for a rainy day. We may get stuck for sure.
So you're gone. Your kids have your stack and wish to buy a house. They try the LCS and the LCS isn't buying. Now what do they do? If they sell it online, the feds are watching and eager for their share. Likely, they've no idea what to do and will sell it to the first shyster that makes 'em an offer for 1/3 of what it should be.
@@jaybarr3307 Probably exactly right, however I have shown them how to check spot prices and told them that if they sell it it will probably be for a couple bucks under spot. I don’t have much anyway and zero gold…. Not saying I do t want any, just can’t afford any.
N O@@pittsbirds1656
I don't care if Harry is a nice guy or not that's just bad business stacking community. Goes to show you that only LCS and online volume dealers are allowed to make profit . Makes people lose trust in stacking completely.. he says he's worried about offending her making anyone upset and getting bad reviews and at the same time not realizing that he's probably going to get some bad reviews for not being willing to pay😮😮😮
@@GaryPloof Wonder if you are a competitor, judging by how many times you have made this comment on this thread. Noticed you have no content and are very new on You Tube. Very suspicious.
The statement "if the Fed lowers rates, and it's very likely they will to help their candidate in the presidential election..." says a lot.
Fact
it's just that BOTH are their candidate
Jerome Powell is a Republican
@@jamesparker437 Is Trump a fed candidate in your esteem? Maybe. If you want to count someone destroying the FED as a FED candidate. Sure.
Jerome Powell is a Republican
This is why a stacking forum is needed. .. so that you don't get ripped off buying and ripped off selling.
Have a lot of respect for Harry, Adrian, Silver Dragons, an everyone at coin shop. You guys do an amazing job. I value your opinions Thanks for all the info. Look forward to watching next video
Much appreciated! 👊🏽
Why do you respect Silver Dragons? He is just a pumper and click bait person. Harry and his crew are the real deal.
From his video's, can't think of anything I disagree with Silver Dragons. Got my respect simple because he is a silver stacker at ❤️
@@RubiconVI’ve learned a lot from silver dragons when I was a newbie
He never minded when gold went up 100 an once!
He's saying he doesn't want to get hurt, but he doesn't mind hurting buyers. Hmmm...
Do what you want with your money. He will do the same.
Is he forcing people to sell in a volatile market? No. It is up to the seller to make that choice.
So why dont you afford the same privilege to the buyer?
The fact is that there exists rare moments when a deal cannot be struck.
How is Harry hurting anyone? No one forced anyone to buy...and no one was coerced into selling. Harry wasn't buying over the weekend...that's not the same as not buying at all. If you're that hard up for cash, then you're asset heavy and cash light.
@@OurHeroXero Exactly, these people are insane and have never run a successful business.
It's a business dude, not a charity.
In my personal opinion if Gold keeps increasing higher or Silver hits even higher, it looks like Harry is getting cold feet to buy any Gold or Silver. I heard Big Coin Dealer, Tim will closed his doors right away this really sucks. This coin dealers our getting cold feet lately, I am rethinking just adding little more Silver into my stack & holding back on Gold. I am glad that I started stacking just Pr-33 Gold & Mexico Gold Pesos for my portfolio. I’ll stay with Silver for the meanwhile & just be patient for Silver to increase into $30+ Ounce by the end of the week.
Your sentence makes no sense. Did Tim in New Hampshire close his shop recently or will he soon close his shop? Make up your mind, you clown!
Can certainly understand where Harry's concern is coming from on buying when hitting highs. It also tells us stackers, it might not be that easy to sell our metals when/if they go up fast in price in a short period of time. Definitely a different market than a digital market.
yeah I think it’s just while the markets are closed as he said. During the week I don’t think it would be a problem.
Yeah. I bought Bitcoin at $800 and sold at $17000 in 2017. Nobody told me know. This is a wake up call for you Metal stickers. Might not be easy to convert your metal in the future.
@@workwithearl When metal skyrockets, fiat is at zero. It’s everyone else that has issues. Not metal holders. You have thousands of years and hundreds of economic downturns you can check the books on. Crypto? Relatively new. Not saying it won’t go great, it can. But, there is a lot to be said for the 6000 + year history of gold and silver
He should change his banner...we mite buy gold...@@SilverDragons47
That's not how it's supposed to be and that's why people are upset. So if it's not that easy to liquidate? Then what's the point of stacking????
Man i really do like those shotgun quarter holders. They are pretty cool!! Great conversation piece as well! 👍
BTW, HARRYS THE BEST!! Your cool to silver Dragons! 👍 Lol
I love the beginings of the harry coin shop episodes with him opening up the shop!
Is it the power chords or the way he turns on the neon sign with a deliberate flick of the wrist?
ONLY NOW he gets HONEST ?
Hey Harry, can we buy from your shop online? If so please share the links!
Some days he won't buy back what he sold you. Ouch!
Hes not getting "hurt" .. dealers charge ( it varies) 5% for the exchange.. they don't make their money in the bullion or the price but in the exchange of it. Suggesting a need for sympathy is a dishonest practice
You clearly didn’t understand what he said.
Someone commented -why don’t you open your own coin shop…well I would love to! buy when I want, get it cheaper than spot and sell high!😂
I’m pretty sure I’ve seen a video on this channel of Harry saying they will always buy gold
I found this community back in 2017 and it’s been a blast.
gold is going down. ❤
You probably should’ve edited that out if you’re not gonna buy gold when it’s high, why would I want to be your customer?
The average retail shop won't buy back. How do you think they keep the doors open? The local shops around here in IL aren't buying gold and if they are, its way back of spot. This isn't something new.
Good morning Harry and the crew. Thank you for your time. 😊
Hi, I'm from the future. Gold isn't going to dump. The low is 2450...Buy there. Even if you see the SPY tanking...Gold won't tank much below 2450. Maybe wicks but that's it.
There is way too many central banks buying it and people are trying to buy at every dip.
Got it,sell on Monday's.Thanks Harry.
Wrong
Those tubes are cool.
Thanks for another great video Silver Dragons and Harry's shop.
So glad I started stacking in the late 90s
I wish I started that far back
Hey SD looked up so old papers from January of 93 Eagles were 12.50 and proof Eagle’s were 18.50 should have bought a truck load
@@dougvanallen2212 I started with just eagles So I have a few 😉
Great video and love the coin holders. Thanks for sharing SD👍👍
Harry nearly got to you when on holiday from Australia. Love the channel but watch your shoulder when carrying the sign out every morning 😀
I have sold silver bars, 5 oz, 10 oz silver eagles, maples, collector rounds as well,
i remember taking a huge loss every time, selling to my LCS, but always
asking i will take that 1/4 or 1/2
ounce gold coin you have there,
now i look back how lower gold was,
so there is never a loss for me truthfully,
i always keep the nice silver though
some i will not sell, until it goes up$$$,
Thanks so much Harry, Adrian, & Silver Dragons, for all the videos you do for us all😊
So you're telling me that if I came in the shop to sell so I could actually make a profit which was the whole purpose of my investment, you would refuse to buy? What a joke.
Not buying today. Come back tomorrow.
@@pmh1nic come back when it’s low they will buy!!! So it’s the buyer that will be lost, either buying or selling. What a JOKE
Everyone is afraid of coin dealers not buying during the highs. You should be able to find a bank in your city or a city around you where the bank buys and sells gold and silver directly. The banks would be the ones with the purchasing power.
The market would obviously be put to a halt and you wouldn’t want US dollars. People acting outraged don’t actually understand value.
Ur going to the wrong lcs . They gotta stay current. They will buy just hold until or buy back of spot. Simple as.
Here in Taiwan the gold price is so transparent that people who buy gold bars don’t even bother bargaining. And they totally accept the 6-8% difference between same day buying prices and selling prices.
Love the red "shotgun shells", whoever made them should make various sizes to fit other coin denominations like Harry mentioned. Great video as usual.
Anyone that trusts a coin dealer is screwed !!They are business men plain and simple!!
Harry seems like a very straight bloke.
I'd be p!ssed if Harry didn't buy my gold. I know they sell it when the Market is closed. Still enjoy the content thou.
Kommiela will definitely help precious metals.
Kack, Kack, Kack!
I realize you are a business and not a bank. But selling gold with added premium while refusing to buy it at spot? Seems a little disingenuous? Thank you for your honesty Harry. Knowing what to expect ahead of time is a big part of customer service. Thx, again.
As of today, gold is at 3,428 per oz here in 🇨🇦 🍁
Well that's lower than in America because it's worth less in Canada than it is here in the USA
Canadian government has NO gold reserves 4fs...what a pathetic bunch of leaders
@@rjsledz so how is that relevant in Canada than the U S?
@stevelauda5435 I don't think he understands.
The Gold market is international.
The only reason it seems different is because our fiat currencies are different.
@@stevelauda5435 your confused
You can always sell your gold to some of the big online bullion dealers! SD bullion, jm bullion, ect!
It's alarming, that a coin shop what buy win the price goes up, I can understand if it's on a Friday, but buy it on Monday, w hats the yous, of stacking it, if you can't sell it when the price goes up! That deletes the purpose@ I would love to have a pawn shop or coin shop, where I could buy gold under spot and sell it over spot!
He was referring to a Saturday.
Exactly
Love those quarter tubes!
they are so much fun haha
Always enjoy the information available with you guys!!
You should do a show with Yankee and Tim Kartcher and Silver Spectacular and Guy the coin guy. Would love to see all my favorite's in one podcast.
Yankee it to political. I'm only interested in precious metal talks.
All those guys love fiat currency.
This dealer is highly intelligent and articulate.
See, that's what makes me nervous. Love Harry and Adrian, my comment is in general about LCS's. They'll sell you as much as you want, whenever you want. But, when the price rises, they won't buy back, often even a small amount. Scares me cuz we're all buying and holding and every one of us - maybe our offspring - but every one of us thinks there's a day when we will sell at a high price because we're going to use the fiat to buy a house or something like that. But, it will all be for naught if the dealers won't buy back. And, as we can plainly see; they will not. We're all gonna get stuck holding something we can't convert into something else. I've seen two or three videos that made this clear to me and, with each, I get tempted to start selling off sooner cuz I've got a large stack, and I might wanna see it buy a house for my daughter someday. Not have it be a burden on her cuz she can't convert it at the LCS and now has no idea what to do.
BUT - Gold is at $2,514 but the US dollar is down, you cannot compare Gold against a variable without considering all values.
What this means that I can buy Gold for UNDER $2,500US with foreign currency -
I've learned a lot by watching your videos. Harry is always a big wealth of information, and I appreciate that. Thanks guys!!! 👍👍
Knowing well that given enough time in the not so distant future the path of the price of gold is ultimately higher, why would he still not offer to buy gold at any time.