I know this is tough to hear but they are laughing at you and ripping your throat out at those prices. Please consider shopping around or look at the ETF options. God Bless. 🙏
You'll find better deals in Tucson, but the drive might make it uneconomic, if you're not coming there anyway for other business. Have you considered on-retailers who buy as well as sell. There are several, starting with JM Bullion. At least look at their offer.
If you put up exchange margin (for carrying contracts overnight), you can control 1000 oz of silver for around $2310; that's 13x more silver for your money, and you don't have to worry about premiums or liquidity.
I agree, gold and silver ETFs sounds great in theory but I'd rather be able to hold my metals. LCSs might be dying but online purchasers and auctions will always be available. When buying gold and silver ETFs you are just investing in digital numbers that can be manipulated, it definitely isn't tangible. I'm not wearing a tinfoil hat, I'm using common sense look what's going on in this world, the dawn of the digital age was the beginning of our demise. They want to detach us from our money it started with checks then debit cards now we're talking about digital currency it won't be long until it people aren't allowed access to their funds or they magically disappear! The government keeps getting us further and further in debt when the math doesn't add up they rewrite the equation, add a 0. Keep trusting the criminals that run this country though!
How do you buy physical? With that same worthless paper that you have to have! Don’t be foolish! You can make waaaaaaay more profits with an ETF and use that to buy the physical! That worthless paper comment is laughable. You use it EVERYDAY
@@silverhustlin1390 I was going to explain my point. However after reading your response. I seriously question if you possess the intelligence necessary to understand it
@@Wes_Stacks.Sure bud sure, you’re the smartest guy out there….”trust me bro” what I said is factual and you use that worthless fiat everyday even to buy more metals so go ahead wordsmith it to your brains liking! Cash is KING no matter what tin foil hat you wanna cling on to Champ! Now let’s insult me some more F N Richard Cranium you are
Much of what you say is true about coin shops. I have found the same with their hours, prices and what they buy. However, I live near a major city so I have access to a variety of coin shops and can shop around. What I prefer though are the local coin shows near me. There are monthly coin shows in my area, so I have access to a variety of dealers and can shop around for the best prices buying and selling. Makes it a lot easier.
Coin shops aren’t the future . It’s the past . Who cares if coin shops go bye bye ? Keep you and sell to Jeff bezos one day if u want to sell . I don’t advise selling ever
Which is more likely, the world's largest bullion bank suddenly losing 800 tons of gold, or you getting robbed, ripped off by a coin shop, or unable to sell your gold?
@@stevenfaludi4862 Rehypothecation is a thing. THAT is the main risk with paper gold. There is always risk involved in retaining possession of your metals, but that is the only way to avoid counter party risk.
@@stevenfaludi4862 well since I hold my gold and silver in my hands , IF YOU DONT HOLD YOU DONT OWN OW IT ; Paper futures contracts could be worthless at anytime considering how our government is today: And Gold will sell anywhere in the world, and me being a seller and buyer I always only buy on the low dips , and sell high to get better Gold works for me.
I would recommend people take numismatic coins to a dealer that specializes in numismatic coins. And take bulion coins to a dealer that specializes in bullion. Coin shops will under pay on bullion versus bullion dealers, and bullion dealers will underpay on numismatics versus coin shops.
That's actually pretty common, from locking you in with magnetic locks, to offering you 75% of spot when prices are high and you're not trying to sell Buffalos, Eagles, or Maples. Small coin shops have to be careful about what they buy, how much, and when because they don't have the resources of an on-line business. I always tell people that they should NEVER expect to get spot anywhere. If they do offer to buy at spot, that's just gravy. What you should expect is to be offered anywhere from 70% to 95% with 85% to %90 being the average for small coin shops. You have exceptions to that rule, of course, but unless you have a long-term relationship with the buyer, you need to manage your expectations and realize what you're going to be offered. Now, I can go my LCS and get 100% of spot any time that I want, but that's because I've spent well over $20,000 in that shop, only sell rarely, and have a good relationship with the owner and his daughter that works there. This is also why I only hold 22k fractional Gold, mostly in Eagles, and then secondarily in Krugerrands. Your universe of possible buyers is vastly larger and 22k is much closer to a circulation composition, which means you won't deform the coin from handling it on occasion. So 1/2, 1/4, and 1/10 ounce Gold coins are the only Gold that I ever purchase. Apart from some occasional jewelry, I stay away from absolutely everything else. Pawn shops will often be 50% to 75% of the spot price, which is super low, and they definitely aren't the best place to try & sell. Personally, I think you're over-thinking this issue a bit. You're focused too much on the present. The medium to long-term future may look vastly different than what we experience today. For example, suppose they put us on a CBDC, and they let the other system continue to exist, but they no longer really support the U.S. dollar, and they extensively support the CBDC. Well, initially it's not going to go well for either currency. A lot of economic activity is going to start being forced into the gray and black markets, as the US dollar drops like a stone and the CBDC (i.e. Central Bank Surveillance Currency) struggles to get adoption from the everyday person. What if that is what it looks like in 2027 or 2028. What do you think will be happening then? One thing that is likely to happen is that things of true value will natural begin coming to the forefront of everyone's mind. So guns, ammunition, vehicles that don't have a huge amount of electronics needed, tools, solar generators, and yes...Gold, Silver, and Copper will all be getting vastly more attention from the public than they do today. You may not even see traditional coin shops at all. You may only see fly-by-night We Buy Gold & Silver places. Pawn shops make explode everywhere. All of the kinds of things you see in poverty stricken areas where people are always scrambling for money will start to pop up everywhere. Local businesses might start taking alternative currencies. You might find a coffee shop that will accept 1 ounce Copper rounds for a Pumpkin Spice Latte or a regular black coffee with cream. You might find a Pawn business that sells refurbished tools and lawn equipment for 50% or less of its retail price and is willing to do the transaction in trade for other goods or for Gold or Silver. You will definitely find more farmers markets and even swap meets/flea markets that are 100% alternative currency. They don't take US dollars or US CBDCS, but they will take some crytpos, do trades, and they'll sell things for Gold, Silver, Nickel and Copper. Will you be able to go into Walmart, Krogers, or some other Big Box retailer and use Gold or Silver? Probably not, but it is possible that you'll have kiosks within a place like Walmart that will let you convert things like Gold & Silver into store credit on something like a Walmart Gift card or app that will let you purchase from the store. Businesses can decide what they will take for payment. Again, you may lose out in not getting super close to spot because they have to be sure they can make a profit, even if its days or weeks before their intake of Gold & Silver gets converted into something that they can use themselves, but at least you'd still be buying. If people are smart, they are doing things like loading up on gas cards for local convenience store chains and big box stores that can still be used during a transition period. I just bill a card for a Big Box retailer with $400 the other day, and I have over $1,000 in gas cards from a local convenience chain that has 24+ locations within 40 minutes of my house. ETFs are ultimately just paper promises, so for someone who's opting for that over physical possession, I can only say good luck. I begrudge no one their ability to do so, and I don't even disagree if someone wants to throw some wealth in that direction, as we don't know the details of the future and timing. However, the increasingly obvious and high level of corruption both within our government and much of our economy, I personally wouldn't be caught dead putting significant amounts of wealth out into the ether in the form of an ETF, unless I were putting that same amount, if not much more, into physical holdings. Were I concerned about space, I would be focusing more on Gold for sure, but given the future that looks to be heading our way, as we enter into a 3rd world atmosphere, ETFs don't seem to be a solution to me. Having said that, I can only guess and hope that this is another bit of humor on your part. If not, don't fall when you exit the freedom train! 🤣😂
@@GatorGoldChannel Nope, no need to sell anything. I'm actually spending money on home improvements, New Roof and New Garage Doors, Truck Parts are next. I have cut back to only buying one Silver Dollar a month though. I did not make my money selling anything. Before I retired I was a Draftsman, It is a Service not a Product.
@@TobaccoRowe1960 Then you made your money by selling a service instead of a product, but you were still selling something. There's nothing wrong with that of course, but we're ALL selling something. I sell my labor at my job. It's not the best way to go but I manage money well, so I'm doing OK. I absolutely LOVE Morgans and Peace dollars, but that premium is ouch! One thing about those and other 90% coins is they're not making any more of it. Stack on!
Yep. That's an understatement. LOL i've had sketchy bullion dealers get mad at me for selling privately online. LOL they pester me telling me fair price is way under spot and they insult me by saying if i get lucky ill find noobs to sell to LOL. They even set up multiple IDs to harass me. All you have to do is undercut the sell prices by about 50 cents an oz and it sells and you get to piss off a lot of shady bullion dealers in the process
I like the story about the second guy talking about killing people! That’s epic and I hope you get a kick out of it because it does make a great story 😂
I think you are sleeping on the online retailers. I didnt hear you mention it once. There are a handfull of trusted online retailers that are happy to facilitate large transactions. A lot of them buy back as well. The online retailers are certainly more reliable and provide solid customer service from my understanding.
@@GatorGoldChannel Frankly I don't sell to them because I'd rather wait a little longer and sell privately somewhere else for a little more. I'm also not moving a bunch of volume. I'd say though online retailers are a good outlet to sell though if you need a reliable buyer at any given moment.
@@GatorGoldChannel he has a client list for nice coins , anything he doesn’t sell gets burnt , he actually gets some old 70’s and 80’s products like 1 gram old school credit swiss gold of course he jacks up anything like that i mean he pays 80 for that gram ans sells for 115.00 35 bucks profit for each ive been buying out all his old silver for a few years lowest i remember is 22 a oz
I guess I'm lucky. The only coin store anywhere near me gives either 97, 98, or 99 percent of spot on gold, depending on the coin/bar, and its condition.
Oh my God I was listening to this for a while.And then he brought up Alvie's selling his physical metal and putting it into an etf.Well that just about made me gag and i'm getting off right now
@@GatorGoldChannel I’m using options for leverage so I can still hold most of my metals. Going to put a video up about the detail with receipts soon. Keep an eye out for it. Take care Gator
Depends where you are. I am in Seattle and they are buying silver amd gold and so are people. I have noticed AGE and Buffalos premiums have crept up. I do see other gold coins for low premiums. Bullion Exchange have Kergraund at spot. I do see a bit of customers at LCS in my area. Also you should give sites like Apmex, SD Buillion, or Buillion exchange and see what they would offer to buy your stuff. You may have to travel a little bit to get a good price.
They're going to get way more than 75% for melt on the coin. So it's a rip, or it's too small of a business there will be a move under spot I feel though, if the paper price blows way past what the market can bear and with more sellers than buyers.
@Jukebox1968 What interesting is the youtubers, with clearly big positions in gold or silver, shouting to the moon celebrating exaggerated price predictions, whilst ignoring all the people selling into the current market, selling either because they think they're profit taking at a peak, or because there's real pain in the economy for a lot of people and they need to unload some non-core assets to stay afloat. What is informing spot? Maybe they're trying to encourage everyone to sell, so they can take everyone's gold using that funny money they can print so much of. It's a weird bifurcation between the real market and the paper market, normally people complain about price sup-pression, now i'm thinking it's price expansion. I was thinking people making money in the crypto space, were looking for another market to pump up and went for gold and silver ETFs.
Your problem with ETFs is that you can't get metal back. Only fiat. And the day you need it, fiat must be the very last thing that you want. This is aside from how easily our wonderful government can seize your ETF holdings, should a monetary crisis arrive.
ETF's are best for speculation only if you're trying to make paper gains. If the Crimex ever defaults (which is likely at some point) you will lose what you have invested. I am more into silver than gold, but my LCS guy gives a dollar OVER spot on buy backs for silver. He's fairly young, but he's third generation and has learned that when you treat people right they keep coming back. You have an incorrect understanding of what counter party risk is. With metals you mainly have counter party risk if you are letting another entity hold your metals or vault them for you. There is a reason for the popular expression IF YOU DON'T HOLD IT, YOU DON'T OWN IT. By selling your physical and buying ETF's you are basically INCREASING your counter party risk 1,000X. I wish you the best of luck, but I think you're setting yourself up for a massive loss down the road.
Almost every coin shop ive been to has been a bit uninviting... im a bit younger so maybe they dont trust me... But it has been off-putting.... im sure they've dealt with a lot of BS over the years and are burnt out now.
@@GatorGoldChannel bullion dealers are more likely to have strong relationships with refiners, plus be using the financial markets to minimize risk in metals transactions. When you have a shop say to you buying gold is risky, it is because he doesn't have any hedging strategy on metals. Find someone who does and you'll get better prices.
If that works for you. For me, I will keep mine as I look at the long road. A good safe which can be bolted to the floor is money well spent if security is an issue. There are also safe deposit boxes.
I have a good safe but with the lack of good coin shops around here it’s more about not being able to sell when needed. I don’t have many options around here 😭
This situation has been going on since the Spring, LCSs and Pawn shops have severely decreased buying with signs have been on the door. No point in getting depressed about it. Keep some fiat for emergencies and keep portfolio diversified.
I believe it I'm finding out that the brick and mortar LCS here have closed or are closing. I have found a couple of them selling on Craig and eBay. One guy, 40 years in business, gave up his $12,000 a month rental shop after another rent hike. At my age, I should reconsider my plan from 1998. I could sell at 90% spot and make a killing. Definitely Maybe...
That's exactly what I'm seeing, there won't be nearly as many coin shops 20-30 years from now. I don't want to get stuck "holding the bag". I'm moving the bulk of my savings to the Gold ETF.
I have doing exchanges with my lcs for 30 yrs....and yes there are younger personnel learning the bis. They have been super honest and will give me discounts at times....cannot trust the etf will is run by the banks...defeats the whole purpose...u sound defeated
Foreign gold is a problem. He is probably correct. I know what Philharmonics are and I won’t buy them. There are some great undervalued mining companies.
Refiners pay 90% for silver, not sure about gold. Those coin shops you're going to sound like rip off operations, maybe a notch higher than a pawn shop. Someone concerned about "counter party risk" advcates for ETFs? Because banks and Wall Street are safe?
Wow, 75% of spot is pretty bad. My LCS pays at least 98% of spot for any common coins or bars including philharmonics, krugs, etc. Also, they always have their buy & sell prices posted online, so you know what you're going to get when you go in.
You know ain’t nobody getting over spot for anything!! Can I implore you to maybe entertain selling just half and hold all your American gold to see what happens with this administration? I know you’ve heard the old “if you don’t hold it you don’t own it” yuck yuck yuck….
That's exactly my thoughts. Hold all American gold and silver since it's the most well-known, and I'm selling all the other stuff, Canadian, UK, and whatever. If I buy anymore physical it will only be Eagles and Buffaloes.
You shouldn’t be selling gold . It’s like the foundation of your house. Silver could be an issue selling at some point . Not gold . At some point gold is gold. Won’t matter if it’s from Great Britain . Austria , USA Canada coins There’s no way I’d open a coin shop. The world has changed. They will all be gone. Don’t use the etf for gold . Big mistake
I guess it would be rude if I broke out my metal verifier. If a coin shop can't i verify a silver or gold coin, I certainly wont buy from them, if they dont know what they have, then........... If you think your etf is secure, ur nuts
@@daryljackson3704 that’s why if I buy Buffalo 🦬 1oz GOLD anywhere, I take take my SIGMA PRO METALLICS VERIFIER with me so I can test it BEFORE I BUY IT . TRUST NO ONE WHEN IT COMES TO GOLD !
I'm glad I have good coin shops in my area. I did meet a guy who reminded me of your second guy, but overall, I've had a great experience with my local shops.
Why don't you use your brains, fk coin or pawn shops. Why don't you research find silver & gold dispensary. In Cal. 2 miles from me, payed 1.00 over, moved to ky. Silver disp. Is 2 miles pays spot. Bullion were I buy buys back 1.10 over spot
@silverhustlin1390 twice I've sold small amount to dispensory. Money metals buys back Ahole not lying. Coin and pawn rip you off. Would never sell to either
Im really disappointed in hearing what you have to say about selling your coins,I have only been stacking for a couple of years and I have always heard that you want to sell your coins at a coin shop,now im thinking im going to take a big loss when I try to sell my silver coins and bars if need be,
You'll just need to shop around and not get taken by one of these "low-ball" coin shops that prey on ignorant sellers. Most shops will pay 95% on generic gold, and 97% or better on Eagles.
I too believe in the ETF GLD and SLV. It's so much easier & cheaper to buy and sell with a tiny price spread between buy & sell compared to that crazy dealer premium. The only physical gold I have are pre-1933 because I'm a coin collector at heart. Storage is another big issue. A real UL rated safe can cost thousands of dollars and if someone holds a gun up to you, you best be opening it up anyway. My feeling is you should hide your real stuff and put your cheap/fake stuff in the safe.
That's exactly what I'm doing. I'm also a collector and hanging onto my "cool" coins, but all the generic bullion stuff is getting sold and I'm moving it all to the ETF. It just makes way more sense at these numbers.
I travel globally for work and having a weakness for coin shops I will look in advance and visit a nearby one if possible. USA LCSs are by far the worst: Poor customer service, overly suspicious, unhelpful and crap pricing…. if they’re even open when they say they’ll be. Not sure about your ETF plan but if 90% of LCSs across the globe went tomorrow I wouldn’t miss them and IMO that’s all of their own making. Good video - thank you!
@@GatorGoldChannel Their back-channels (those that have them) will pay them spot that is why they must buy under spot to profit from you selling to them. You should know this and much MORE!
As a collector of valuable items, physical gold is almost worthless. If you are looking for a good physical investment, you want to collect something that people want to own. Fine Art, Sport Cards, Comics, Vintage Toys, Wine, etc These collectible, if you collect them in High Grade, will always be highly desired and fetch a premium price down the road. Plus, you have something way more interesting to look at then a gold coin or bar.
I'm not so sure about that. G&S have been money for thousands of years and when times get REALLY tough, a farmer or rancher isn't going to trade their goods for that stuff , or bitcorn. JMO.
@@dissy5563 Even if the apocalypse happens you have no guarantee that gold is going to become the 'accepted' new currency in a government collapse. Let be real, most American's living pay check to pay check aren't going to have gold coin to trade for food. And Farmers can't eat gold, either so it's basically worthless to them, you be much better off with a good stock pile of wine and beer.) Also, farmers have nostalgia for the past / better times, old toys they may have had growing up, Baseball, Football, Basketball, Pokemon, Magic the Gathering cards, Comics, etc these are all things that can tug at your heart fondly, so they have value. Gold and silver are pretty though, but the desire to own them is dwindling.
Diversify with pew pews and freedom seeds. $400 aRs and gLoCKs will be worth a lot when shtf and trustworthy known acquaintances that didnt prepare really need them.
I only buy the 1 oz buffalo 🦬 I know they cost more , but for 2 reasons #1 is they are 24 KT 9999 #2 is I will get back over 80% back on them , and when gold goes up , it’s always going up in price
Very good comment! As a bullion dealer I always prefer 24K .9999 gold coins or bars. With that said my favorite gold coin is a 1 oz buffalo.!!! Oh yeah, need to up that sell premium at least 10% to 15%. God Bless
![ลองสุ่มไอโฟน 990 โกงมั้ย? [ โกงมั้ยครับ ep.101 ] | DOM](http://i.ytimg.com/vi/bfsWe0j492k/mqdefault.jpg)
My local coin store buys at 10% below and sells at 10% above. Not the best but it's all we have here in Yuma, AZ.
I know this is tough to hear but they are laughing at you and ripping your throat out at those prices. Please consider shopping around or look at the ETF options. God Bless. 🙏
You'll find better deals in Tucson, but the drive might make it uneconomic, if you're not coming there anyway for other business.
Have you considered on-retailers who buy as well as sell. There are several, starting with JM Bullion.
At least look at their offer.
@@davidbarber7487 I try to keep my business with them down to a minimum.
That town needs competition
If you can’t hold it you don’t own it.
You're holding a tin-foil hat 🎩
If you put up exchange margin (for carrying contracts overnight), you can control 1000 oz of silver for around $2310; that's 13x more silver for your money, and you don't have to worry about premiums or liquidity.
I agree, gold and silver ETFs sounds great in theory but I'd rather be able to hold my metals. LCSs might be dying but online purchasers and auctions will always be available. When buying gold and silver ETFs you are just investing in digital numbers that can be manipulated, it definitely isn't tangible. I'm not wearing a tinfoil hat, I'm using common sense look what's going on in this world, the dawn of the digital age was the beginning of our demise. They want to detach us from our money it started with checks then debit cards now we're talking about digital currency it won't be long until it people aren't allowed access to their funds or they magically disappear! The government keeps getting us further and further in debt when the math doesn't add up they rewrite the equation, add a 0. Keep trusting the criminals that run this country though!
@@josephglover4546 why do you think that is, why would you get more for less?
I agree. If you don't hold it, they can just hit delete on a computer and you've lost it all.
To each their own however you're still only trading worthless paper for paper
100% Buddy Roe!
How do you buy physical? With that same worthless paper that you have to have! Don’t be foolish! You can make waaaaaaay more profits with an ETF and use that to buy the physical! That worthless paper comment is laughable. You use it EVERYDAY
@@silverhustlin1390 I was going to explain my point. However after reading your response. I seriously question if you possess the intelligence necessary to understand it
@@Wes_Stacks.Sure bud sure, you’re the smartest guy out there….”trust me bro” what I said is factual and you use that worthless fiat everyday even to buy more metals so go ahead wordsmith it to your brains liking! Cash is KING no matter what tin foil hat you wanna cling on to Champ! Now let’s insult me some more F N Richard Cranium you are
@@silverhustlin1390 Use it til you can't .Coming to a town near you soon.
Buying a Gold ETF is probably the dumbest thing you can do.
Yeah, he knows that. Virtually every video he does is a gaslighting video.
I am doing the opposite. I am selling my ETF's and buying physical.
Agreed . Totally dumb
I feel dumber for watching this
This is obviously satire. 😅
@@5t3phen I hope so, what an f-ing idiot otherwise
@@5t3phenhe’s dead serious, watch all his vids
ha ha ha ha ha ha ha ha, I cannot stop laughing!
Much of what you say is true about coin shops. I have found the same with their hours, prices and what they buy. However, I live near a major city so I have access to a variety of coin shops and can shop around. What I prefer though are the local coin shows near me. There are monthly coin shows in my area, so I have access to a variety of dealers and can shop around for the best prices buying and selling. Makes it a lot easier.
I need to look into that, I've heard of coin shows but never gone. Great idea
Coin shops aren’t the future . It’s the past . Who cares if coin shops go bye bye ? Keep you and sell to Jeff bezos one day if u want to sell . I don’t advise selling ever
This kind of video should be put out on April 1st!!
Correct
He might be working for the oligarchy to try and get us to sell
If you want to stack heavy, you'd want them in American Eagles or Buffalos.
Yea but when the ETF CRASHES YOU LOOSE OUT !!
Which is more likely, the world's largest bullion bank suddenly losing 800 tons of gold, or you getting robbed, ripped off by a coin shop, or unable to sell your gold?
@@stevenfaludi4862 Rehypothecation is a thing. THAT is the main risk with paper gold. There is always risk involved in retaining possession of your metals, but that is the only way to avoid counter party risk.
@@stevenfaludi4862 well since I hold my gold and silver in my hands , IF YOU DONT HOLD YOU DONT OWN OW IT ; Paper futures contracts could be worthless at anytime considering how our government is today: And Gold will sell anywhere in the world, and me being a seller and buyer I always only buy on the low dips , and sell high to get better Gold works for me.
This video took a turn for the worse after he said he was selling the physical Gold to buy Gold ETF's!!! lol Who would do such a dumb thing?
This guy LOL
vermillion enterprises buys foreign gold coin for 98% of spot
Make America 🇺🇸 Great Again
I would recommend people take numismatic coins to a dealer that specializes in numismatic coins. And take bulion coins to a dealer that specializes in bullion. Coin shops will under pay on bullion versus bullion dealers, and bullion dealers will underpay on numismatics versus coin shops.
I love the philharmonic
I do too 👍
Me too
Gold is gold. Period.
Just make phone calls to find who will pay the most some will pay spot for gold.
Gator, I am a coin dealer, best pocket dealer and I will buy world gold. I am in Naples.
Smelters pay 98%
👀
That's actually pretty common, from locking you in with magnetic locks, to offering you 75% of spot when prices are high and you're not trying to sell Buffalos, Eagles, or Maples. Small coin shops have to be careful about what they buy, how much, and when because they don't have the resources of an on-line business. I always tell people that they should NEVER expect to get spot anywhere. If they do offer to buy at spot, that's just gravy. What you should expect is to be offered anywhere from 70% to 95% with 85% to %90 being the average for small coin shops. You have exceptions to that rule, of course, but unless you have a long-term relationship with the buyer, you need to manage your expectations and realize what you're going to be offered. Now, I can go my LCS and get 100% of spot any time that I want, but that's because I've spent well over $20,000 in that shop, only sell rarely, and have a good relationship with the owner and his daughter that works there. This is also why I only hold 22k fractional Gold, mostly in Eagles, and then secondarily in Krugerrands. Your universe of possible buyers is vastly larger and 22k is much closer to a circulation composition, which means you won't deform the coin from handling it on occasion. So 1/2, 1/4, and 1/10 ounce Gold coins are the only Gold that I ever purchase. Apart from some occasional jewelry, I stay away from absolutely everything else. Pawn shops will often be 50% to 75% of the spot price, which is super low, and they definitely aren't the best place to try & sell. Personally, I think you're over-thinking this issue a bit. You're focused too much on the present. The medium to long-term future may look vastly different than what we experience today. For example, suppose they put us on a CBDC, and they let the other system continue to exist, but they no longer really support the U.S. dollar, and they extensively support the CBDC. Well, initially it's not going to go well for either currency. A lot of economic activity is going to start being forced into the gray and black markets, as the US dollar drops like a stone and the CBDC (i.e. Central Bank Surveillance Currency) struggles to get adoption from the everyday person. What if that is what it looks like in 2027 or 2028. What do you think will be happening then? One thing that is likely to happen is that things of true value will natural begin coming to the forefront of everyone's mind. So guns, ammunition, vehicles that don't have a huge amount of electronics needed, tools, solar generators, and yes...Gold, Silver, and Copper will all be getting vastly more attention from the public than they do today. You may not even see traditional coin shops at all. You may only see fly-by-night We Buy Gold & Silver places. Pawn shops make explode everywhere. All of the kinds of things you see in poverty stricken areas where people are always scrambling for money will start to pop up everywhere. Local businesses might start taking alternative currencies. You might find a coffee shop that will accept 1 ounce Copper rounds for a Pumpkin Spice Latte or a regular black coffee with cream. You might find a Pawn business that sells refurbished tools and lawn equipment for 50% or less of its retail price and is willing to do the transaction in trade for other goods or for Gold or Silver. You will definitely find more farmers markets and even swap meets/flea markets that are 100% alternative currency. They don't take US dollars or US CBDCS, but they will take some crytpos, do trades, and they'll sell things for Gold, Silver, Nickel and Copper. Will you be able to go into Walmart, Krogers, or some other Big Box retailer and use Gold or Silver? Probably not, but it is possible that you'll have kiosks within a place like Walmart that will let you convert things like Gold & Silver into store credit on something like a Walmart Gift card or app that will let you purchase from the store. Businesses can decide what they will take for payment. Again, you may lose out in not getting super close to spot because they have to be sure they can make a profit, even if its days or weeks before their intake of Gold & Silver gets converted into something that they can use themselves, but at least you'd still be buying. If people are smart, they are doing things like loading up on gas cards for local convenience store chains and big box stores that can still be used during a transition period. I just bill a card for a Big Box retailer with $400 the other day, and I have over $1,000 in gas cards from a local convenience chain that has 24+ locations within 40 minutes of my house. ETFs are ultimately just paper promises, so for someone who's opting for that over physical possession, I can only say good luck. I begrudge no one their ability to do so, and I don't even disagree if someone wants to throw some wealth in that direction, as we don't know the details of the future and timing. However, the increasingly obvious and high level of corruption both within our government and much of our economy, I personally wouldn't be caught dead putting significant amounts of wealth out into the ether in the form of an ETF, unless I were putting that same amount, if not much more, into physical holdings. Were I concerned about space, I would be focusing more on Gold for sure, but given the future that looks to be heading our way, as we enter into a 3rd world atmosphere, ETFs don't seem to be a solution to me. Having said that, I can only guess and hope that this is another bit of humor on your part. If not, don't fall when you exit the freedom train! 🤣😂
I'm glad I don't need to sell any of my PMs
I think you're sellin something else though 🤔🥬💨
@@GatorGoldChannel Nope, no need to sell anything. I'm actually spending money on home improvements, New Roof and New Garage Doors, Truck Parts are next. I have cut back to only buying one Silver Dollar a month though.
I did not make my money selling anything. Before I retired I was a Draftsman, It is a Service not a Product.
I heard you sold magic cards that can summon spirits and demons
@@GatorGoldChannel okay LOL
@@TobaccoRowe1960 Then you made your money by selling a service instead of a product, but you were still selling something. There's nothing wrong with that of course, but we're ALL selling something. I sell my labor at my job. It's not the best way to go but I manage money well, so I'm doing OK. I absolutely LOVE Morgans and Peace dollars, but that premium is ouch! One thing about those and other 90% coins is they're not making any more of it. Stack on!
AIN'T NOTING THERE IN AN ETF BRO !!!!!
👍
Yeh ah no. No ETF
Lot of profits there in them ETF’s to buy the physical…..think
Dealers are crooks.
Dealers are not social welfare, they are dealers ie traders.
Some are some aren't same as car repair shops. You have to find a good one and support them with your business.
@@terrywaters6186 as ARE customers!
Yep. That's an understatement. LOL i've had sketchy bullion dealers get mad at me for selling privately online. LOL they pester me telling me fair price is way under spot and they insult me by saying if i get lucky ill find noobs to sell to LOL. They even set up multiple IDs to harass me. All you have to do is undercut the sell prices by about 50 cents an oz and it sells and you get to piss off a lot of shady bullion dealers in the process
I like the story about the second guy talking about killing people! That’s epic and I hope you get a kick out of it because it does make a great story 😂
Sorry to hear that you’re moving forward with precious metals, I feel like one of the rules of stacking is to accumulate what others want most.
I think you are sleeping on the online retailers. I didnt hear you mention it once. There are a handfull of trusted online retailers that are happy to facilitate large transactions. A lot of them buy back as well. The online retailers are certainly more reliable and provide solid customer service from my understanding.
That’s a fair point, have you sold to any of them, and how did you ship it, and what was the turnaround time?
@@GatorGoldChannel Frankly I don't sell to them because I'd rather wait a little longer and sell privately somewhere else for a little more. I'm also not moving a bunch of volume. I'd say though online retailers are a good outlet to sell though if you need a reliable buyer at any given moment.
they will charge tax for unrealized profit on ETF soon i hear
Yeah, if a certain moron get elected and has her way
My pawn shop is 95% of gold spot
Wow, that’s better than some coin shops 😅
@@GatorGoldChannel he has a client list for nice coins , anything he doesn’t sell gets burnt , he actually gets some old 70’s and 80’s products like 1 gram old school credit swiss gold of course he jacks up anything like that i mean he pays 80 for that gram ans sells for 115.00 35 bucks profit for each ive been buying out all his old silver for a few years lowest i remember is 22 a oz
Mine is 90% on gold and silver. Owner stacks the stuff.
Collectibles are only worth what someone will pay for them. Very small market for collectibles.
Some of my coins are collectables for my own entertainment, others are strictly as investment.
@@GatorGoldChannel Investment should only be what a coin dealer can sell easily.
If you're looking for a fight you found it, i'll send you out the same way you came in
@GatorGoldChannel You are too smart for your own good. Mr. Know it all.
Ivestments to sell to your closed LCS@@GatorGoldChannel
I am not seeing what you are seeing. Buy American and avoid the foreign B/S.
BANK ACCOUNT 🤗😆 trust in Bank . I can't swallow
ETF's only provide exposure to the price action of the underlying asset. Good luck standing for delivery.
I have no need of the metal itself. Do I appear as a jeweler to you? The price will be sufficient
I guess I'm lucky. The only coin store anywhere near me gives either 97, 98, or 99 percent of spot on gold, depending on the coin/bar, and its condition.
Man that’s really good 👍 I can get 97 on Eagles / 95 on everything else
@@GatorGoldChannel I'm jealous of all the folks who get one or two percent over spot. Wish I had a store like that around here.
Oh my God I was listening to this for a while.And then he brought up Alvie's selling his physical metal and putting it into an etf.Well that just about made me gag and i'm getting off right now
Selling over spot happens, I sold 200 silver maples for $4 over during a high premium time
🤥🤥🤥
Lolol
Sounds like someone is "getting rid of all his gold" (And adding to his stockpile in the safe in the back room)
:)
I guess folks think I'm joking but I'm just tellin it like it is 💯
Wow, he tried to pull a Rick Harrison on you. 😆😆🤣🤣🤣🤣
Right, a damn bullion dealer acting like a pawn shop guy. SMH
No, Rick would have offered 50%
First shop sounds familiar. Subbed Made it 1000 for you! Congrats!
Thanks! 🙏
You make some great points. I use the SLV and GLD to mitigate risk and multiply gains on my physical holdings. It is very user friendly.
That's what I'm doing, spread out the risk 👍
@@GatorGoldChannel I’m using options for leverage so I can still hold most of my metals. Going to put a video up about the detail with receipts soon. Keep an eye out for it. Take care Gator
SGOL and IAU have lower fees.
PHYS has more favorable tax treatment
Depends where you are. I am in Seattle and they are buying silver amd gold and so are people. I have noticed AGE and Buffalos premiums have crept up. I do see other gold coins for low premiums. Bullion Exchange have Kergraund at spot. I do see a bit of customers at LCS in my area. Also you should give sites like Apmex, SD Buillion, or Buillion exchange and see what they would offer to buy your stuff. You may have to travel a little bit to get a good price.
I'm not too excited about mailing my metals around. Prefer local
Good Ole Gator..always puts on a good show
They're going to get way more than 75% for melt on the coin. So it's a rip, or it's too small of a business there will be a move under spot I feel though, if the paper price blows way past what the market can bear and with more sellers than buyers.
Yeah, I understand the need for some safety but 75% is a bit foolish or even insulting.
@Jukebox1968 What interesting is the youtubers, with clearly big positions in gold or silver, shouting to the moon celebrating exaggerated price predictions, whilst ignoring all the people selling into the current market, selling either because they think they're profit taking at a peak, or because there's real pain in the economy for a lot of people and they need to unload some non-core assets to stay afloat. What is informing spot? Maybe they're trying to encourage everyone to sell, so they can take everyone's gold using that funny money they can print so much of. It's a weird bifurcation between the real market and the paper market, normally people complain about price sup-pression, now i'm thinking it's price expansion. I was thinking people making money in the crypto space, were looking for another market to pump up and went for gold and silver ETFs.
Appreciate your honesty. I'm going to try swapping physical gold for silver this week.
Your problem with ETFs is that you can't get metal back. Only fiat. And the day you need it, fiat must be the very last thing that you want.
This is aside from how easily our wonderful government can seize your ETF holdings, should a monetary crisis arrive.
LOW IQ COMMENT HIT THE BRICKS BOZO
ETF's are best for speculation only if you're trying to make paper gains. If the Crimex ever defaults (which is likely at some point) you will lose what you have invested. I am more into silver than gold, but my LCS guy gives a dollar OVER spot on buy backs for silver. He's fairly young, but he's third generation and has learned that when you treat people right they keep coming back. You have an incorrect understanding of what counter party risk is. With metals you mainly have counter party risk if you are letting another entity hold your metals or vault them for you. There is a reason for the popular expression IF YOU DON'T HOLD IT, YOU DON'T OWN IT. By selling your physical and buying ETF's you are basically INCREASING your counter party risk 1,000X.
I wish you the best of luck, but I think you're setting yourself up for a massive loss down the road.
Well I can always buy more physical, but right now I feel better in the ETF. Do both
Wake-Up ... Pawn shops in FL can you charge 702 % o ...Not like a pawn shop.
DUMB COMMENT
Almost every coin shop ive been to has been a bit uninviting... im a bit younger so maybe they dont trust me... But it has been off-putting.... im sure they've dealt with a lot of BS over the years and are burnt out now.
Same here, getting tired of the act
Why sell to numismatic (coin) shops and not to bullion dealers who only trade in bullion and NOT numismatic/collectable coins, even online eg eBay?
I don't know what you mean, coin shops is just a term around here for bullion dealer, they do both.
@@GatorGoldChannel Are there bullion dealers (they may sell bullion coins) that are NOT into numismatic coins that do large volume sales.?
@@GatorGoldChannel bullion dealers are more likely to have strong relationships with refiners, plus be using the financial markets to minimize risk in metals transactions. When you have a shop say to you buying gold is risky, it is because he doesn't have any hedging strategy on metals. Find someone who does and you'll get better prices.
If that works for you. For me, I will keep mine as I look at the long road. A good safe which can be bolted to the floor is money well spent if security is an issue. There are also safe deposit boxes.
I have a good safe but with the lack of good coin shops around here it’s more about not being able to sell when needed. I don’t have many options around here 😭
You could always sell your stuff on Facebook. Or eBay. Or Craigslist. Or to an online dealer. Or to a normal coin shop.
my friend was killed trying to sell on FB, they shot him and stole his car
@@GatorGoldChannel Jesus! Sorry to hear that.
You know how to stir people up Gator!👍
BDH in da house!
@@GatorGoldChannel Yes Sir.. Enjoy your videos brother.
This situation has been going on since the Spring, LCSs and Pawn shops have severely decreased buying with signs have been on the door. No point in getting depressed about it. Keep some fiat for emergencies and keep portfolio diversified.
You’re right 👍 just wish I had more options around here
Wow! I have a good experience with my coin shops and dealers.
Sorry you have that going on.
I might need to look around some more, but it does eat up a bunch of time driving around all day
I believe it
I'm finding out that the brick and mortar LCS here have closed or are closing. I have found a couple of them selling on Craig and eBay.
One guy, 40 years in business, gave up his $12,000 a month rental shop after another rent hike.
At my age, I should reconsider my plan from 1998.
I could sell at 90% spot and make a killing.
Definitely Maybe...
That's exactly what I'm seeing, there won't be nearly as many coin shops 20-30 years from now. I don't want to get stuck "holding the bag". I'm moving the bulk of my savings to the Gold ETF.
@@GatorGoldChannel See how that went in Wiemar Germany 1918-23 holding German Marks?!
Look into the gold miners
I hear about that but I don't know
I have doing exchanges with my lcs for 30 yrs....and yes there are younger personnel learning the bis. They have been super honest and will give me discounts at times....cannot trust the etf will is run by the banks...defeats the whole purpose...u sound defeated
I feel defeated because of the lack of good coin shops in my area. I don’t know how I’m gonna handle this moving forward
Are those Clad kennedys ?
Just common currency, nothing special
Foreign gold is a problem. He is probably correct. I know what Philharmonics are and I won’t buy them. There are some great undervalued mining companies.
Refiners pay 90% for silver, not sure about gold. Those coin shops you're going to sound like rip off operations, maybe a notch higher than a pawn shop. Someone concerned about "counter party risk" advcates for ETFs? Because banks and Wall Street are safe?
Wow, 75% of spot is pretty bad. My LCS pays at least 98% of spot for any common coins or bars including philharmonics, krugs, etc. Also, they always have their buy & sell prices posted online, so you know what you're going to get when you go in.
I wish we had that around here. Do you live in a larger metro area?
@@GatorGoldChannel yes, I live near Portland, OR. Several good coins shops in the area.
WHAT A DIP STICK, He needs to go check his oil and have his meltdown more quietly! Just an opinion no offense intended.
None taken ya bum
You know ain’t nobody getting over spot for anything!! Can I implore you to maybe entertain selling just half and hold all your American gold to see what happens with this administration? I know you’ve heard the old “if you don’t hold it you don’t own it” yuck yuck yuck….
That's exactly my thoughts. Hold all American gold and silver since it's the most well-known, and I'm selling all the other stuff, Canadian, UK, and whatever. If I buy anymore physical it will only be Eagles and Buffaloes.
You shouldn’t be selling gold . It’s like the foundation of your house. Silver could be an issue selling at some point . Not gold .
At some point gold is gold. Won’t matter if it’s from Great Britain . Austria , USA Canada coins
There’s no way I’d open a coin shop. The world has changed. They will all be gone.
Don’t use the etf for gold . Big mistake
Agree with you on the coin shops, but wouldn't that make an ETF the natural choice? Skip the middle man
those are some gorgeous 90% halves, you should have them slabbed before selling.
Haha, thanks 😊 they aren’t silver though, just common currency
I guess it would be rude if I broke out my metal verifier. If a coin shop can't i verify a silver or gold coin, I certainly wont buy from them, if they dont know what they have, then........... If you think your etf is secure, ur nuts
@@daryljackson3704 that’s why if I buy Buffalo 🦬 1oz GOLD anywhere, I take take my SIGMA PRO METALLICS VERIFIER with me so I can test it BEFORE I BUY IT . TRUST NO ONE WHEN IT COMES TO GOLD !
Deez nuts 🥜
Thank you for the truth some youtubers say they give them above spot 😆
Yeah I hear that too, but yet to see it around here
I'm glad I have good coin shops in my area. I did meet a guy who reminded me of your second guy, but overall, I've had a great experience with my local shops.
Why don't you use your brains, fk coin or pawn shops. Why don't you research find silver & gold dispensary. In Cal. 2 miles from me, payed 1.00 over, moved to ky. Silver disp. Is 2 miles pays spot. Bullion were I buy buys back 1.10 over spot
I've never heard of such a thing. Coins shops is the only game in town
You talking reckless and ……… think ya lying…
@silverhustlin1390 twice I've sold small amount to dispensory. Money metals buys back Ahole not lying. Coin and pawn rip you off. Would never sell to either
75% wow he’s a small store
Yes, very small. Probably makes money off of widows and children 😅
Great show
ETF note: SGOL and IAU have lower fees than GLD, and PHYS has the best tax treatment.
I'm using IAU
@@GatorGoldChannel Check out the tax advantages of PHYS
I erased my comment, my Grandma told me so. Just saying.
All your sins are washed away 🙌
Philharmonic were your first mistake. ASE AGE are your best bet.
Hard to justify the sky high premiums on them but yeah 👍
I'm in the same boat
Im really disappointed in hearing what you have to say about selling your coins,I have only been stacking for a couple of years and I have always heard that you want to sell your coins at a coin shop,now im thinking im going to take a big loss when I try to sell my silver coins and bars if need be,
You'll just need to shop around and not get taken by one of these "low-ball" coin shops that prey on ignorant sellers. Most shops will pay 95% on generic gold, and 97% or better on Eagles.
You have to go to a Coin Show to get the most for your medals. A bunch of buyers in one room will get you the best results.😉
I too believe in the ETF GLD and SLV. It's so much easier & cheaper to buy and sell with a tiny price spread between buy & sell compared to that crazy dealer premium. The only physical gold I have are pre-1933 because I'm a coin collector at heart. Storage is another big issue. A real UL rated safe can cost thousands of dollars and if someone holds a gun up to you, you best be opening it up anyway. My feeling is you should hide your real stuff and put your cheap/fake stuff in the safe.
That's exactly what I'm doing. I'm also a collector and hanging onto my "cool" coins, but all the generic bullion stuff is getting sold and I'm moving it all to the ETF. It just makes way more sense at these numbers.
Cry-Baby !
LOW IQ
I travel globally for work and having a weakness for coin shops I will look in advance and visit a nearby one if possible. USA LCSs are by far the worst: Poor customer service, overly suspicious, unhelpful and crap pricing…. if they’re even open when they say they’ll be. Not sure about your ETF plan but if 90% of LCSs across the globe went tomorrow I wouldn’t miss them and IMO that’s all of their own making. Good video - thank you!
Yep, that's how it is around here, so you can see why I'm looking for an alternative
@@GatorGoldChannel Good luck 🙂. If you find a good one that’s not a gold ETF please share 👍
...at the end of the day, all will buy some form of 🥇 gold at spot price.
Liquidity will be the issue for All LCS..
I've heard all coin shops have back-channels they can sell to, so it's not just reliant on front-door customers.
@@GatorGoldChannel The problem will be in Net settlement from wholesalers as it stretches out from 2 weeks to 30 days to 60days. OUCH!
@@GatorGoldChannel Their back-channels (those that have them) will pay them spot that is why they must buy under spot to profit from you selling to them. You should know this and much MORE!
As a collector of valuable items, physical gold is almost worthless. If you are looking for a good physical investment, you want to collect something that people want to own. Fine Art, Sport Cards, Comics, Vintage Toys, Wine, etc
These collectible, if you collect them in High Grade, will always be highly desired and fetch a premium price down the road. Plus, you have something way more interesting to look at then a gold coin or bar.
I'm not so sure about that. G&S have been money for thousands of years and when times get REALLY tough, a farmer or rancher isn't going to trade their goods for that stuff , or bitcorn. JMO.
@@dissy5563 Even if the apocalypse happens you have no guarantee that gold is going to become the 'accepted' new currency in a government collapse. Let be real, most American's living pay check to pay check aren't going to have gold coin to trade for food. And Farmers can't eat gold, either so it's basically worthless to them, you be much better off with a good stock pile of wine and beer.) Also, farmers have nostalgia for the past / better times, old toys they may have had growing up, Baseball, Football, Basketball, Pokemon, Magic the Gathering cards, Comics, etc these are all things that can tug at your heart fondly, so they have value. Gold and silver are pretty though, but the desire to own them is dwindling.
@@dissy5563 👍👍👍
Diversify with pew pews and freedom seeds. $400 aRs and gLoCKs will be worth a lot when shtf and trustworthy known acquaintances that didnt prepare really need them.
I only buy the 1 oz buffalo 🦬 I know they cost more , but for 2 reasons #1 is they are 24 KT 9999 #2 is I will get back over 80% back on them , and when gold goes up , it’s always going up in price
Very good comment! As a bullion dealer I always prefer 24K .9999 gold coins or bars. With that said my favorite gold coin is a 1 oz buffalo.!!! Oh yeah, need to up that sell premium at least 10% to 15%. God Bless