WILL THESE HIGH PRICES HOLD?!
ฝัง
- เผยแพร่เมื่อ 7 ก.พ. 2025
- Today’s video is a quick discussion about current gold and silver prices. I also discuss the current balance in my market regarding previous metals buyers and sellers and how changes in that balance can impact the PREMIUMS that you pay on both the BUY and SELL side. Not sure when to buy/sell metals? I give my thoughts on that as well!
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I called my 3 local coin shops in Florida - asking what they were paying for 1oz Gold Maples - $2,420, $2,490, 2,514 - wasn’t selling but I wanted to know for myself what I could get. Silver Eagles - same three SHOPS
$30.00 - $30.25 - 31.50 the best
price on both the Maple Leaf Gold and Silver Eagle the same shop.
Just an fyi for your channel
Do you mind sharing which shops or the local area where those shops are located? Also, thank you for your service, sir.
@@timbaker1359 Tampa Bay Area - those 3 are the shops I’ve done business with in the past. What amazes me is the difference they pay under spot- I know they have to protect themselves but some really do rip off the public. I have a home in Michigan too and it’s the same deal with prices. I called two in Michigan and Abbotts in Birmington offered the most - Gold Cove in Roseville, Mi was the lowest. I guess my thought is if the prices really explode we will only be offered way below the spot price. Semper Fi
I would buy any dips
Buying gold and silver on pull backs always since 1985. It's a savings account.
yup!! its a savings accnt in part for me too!!! Happy stacking!! 1985 !! i wish i started then!!!! me 6 yyears ago BUT i inherited some Before that too!! be well Brian!
I love stacking silver, but lately I been purchasing more Pre-33 Gold with low premiums. Silver is suppress & manipulated each day by the corporate market industries. I see silver drop below $27, I’ll wait for the big dip to stack more silver. I sold a lot of my silver for $31+ ounce. And most I bought, Two years ago for $22+ ounce made little profit to invest in Gold in my portfolio. I could always replace my silver, but gold will increase to record highs in my opinion. I don’t see silver at $35+ ounce anytime soon, maybe in the future. Hopefully by then Ill have nice stack of Gold & Silver in my portfolio!!! 🥇🥈🥇
Just because the price is rising doesn't mean the value of metals are rising.
The dollar is going down. Metals aren't going up
Yes Josh, I believe they will. Next stop $35- I visit my LCS every Monday, this week I bought $76 face 90% - I was in a holding pattern but when i see 90% in Mercury dimes and SLQs I can't resist. Paid $21.50 which is a bit more than I like to pay. But Upstate was offering $21.85 so yea, I had to pay up.
I was drooling that you got to dig through all that 90% in dimes😂❤🎉
I sold Gold and silver stocks to take profits. Silvers to cheap to NOT buy. Thanks Josh
I am currently buying just bought 10 Oz yesterday but with the prices of everything I am starting to buy less and kinda going into a holding period
There's a lot of volatility and I don't see that changing either. I think a lot of what happens will depend on some of the wars in the world, but who knows. Thanks Josh!
Hi Josh, thanks for the vlog! Always great to hear what you think of the current market. My last purchase was from these guys in Minot North Dakota. You might have heard of them. :) I purchased some of those stacker packs. 😃
I did decide to sell Three 1oz Gold Maples on Friday. I got 98% of spot price ($2528ec). It was a hard thing for me to do because I never sell my precious metals. But I'm banking on the fact that everything is going to crash at some point and we will have a brief pullback on the gold and silver market. Then I will dump it all back into silver and possibly some more gold depending on the ratio.
I am a silver stacker. I try to buy continuously. Depending on spot I may buy more or less. I live in the Chicago area and do deal with a LCS at times but prefer the monthly coin shows nearby. I like the coin shows because there are multiple dealers there and I can walk around looking for the best prices.
I'm in a holding position, not buying anything at $30. Not selling either. I'd only sell if I were experiencing a hardship and had to have cash. Otherwise, I'll be hanging on to everything, which isn't a lot. I've only been stacking since 2017, but my plan is to buy on the pull backs. Keep it all and pass it on when I'm gone. Give the next generation something with real value and the understanding of what it is and why they should continue to stack for themselves.
I bought today just because. Not too much though with the Fed doing mischief tomorrow.
A number of folks have been expecting a pullback with the expected rate cut.
Would be nice to round up the stack some with a pullback. We'll see.
I live in the Houston Katy area and I go to US coins jewelry in Houston Texas and there are mainly sellers coming in every time I go. One of the big moves I made this year was I traded a couple of quarter ounce Eagles and I traded them in with some cash and a little silver to buy a 20 dollar gold Liberty coin. I'm not making any more purchases this year I'm holding on to what I got sir.
High prices for gold and silver are here to stay as global economic instability, rising debt, and inflation continue to erode trust in fiat currencies. With increasing demand for these precious metals in technology and as safe-haven assets, their value will only climb, making them a crucial hedge against the ongoing financial crisis.
It's time to start stacking kilos of silver to use as down payments on excavating equipment and trucks.
If you can tell me what spot price will be 1 - 5 years from now I'll tell you my plans.
Brian at Vermillion in the Tampa area put our a video last Fri that he has been swamped with sellers and not many buyers. He is sending almost everything to the refiners. He also pays sellers with a check, not cash, because of the heavy selling. People are struggling.
Check in with Skip...it has been quite awhile!
Good stuff
I will buy 90% silver on the dips, or if it’s on sale. I’d like to get more gold, but too expensive right now.
Mainly grabbed dimes the last few years
I appreciate the videos and education you give. My question to you as i have noticed is that AGEs and Gold Buffalos premiums have actually gone up have they gone up on your emd? A lot of my co workers are wanting to buy gold. When I see prices if like vs where I think they should be I buy. I recently bought a good 1/10 AGE. Would you say as gold goes up amd people want to buy would the fractional gold like grams or 1/10 oz premiums go higher? Thanks
Ha...I knew at the start you were not in Minot because of the elevator in the background. Elevators in Minot....naa I think not. North Dakota is SO FLAT you can watch your dog run away from home for 2 days. JK. 😊 How bout those old silver art bars? Keep me posted. Thanks Josh. Great info as always
😂
is silver really a great i nvstment? it has been mostly stagnet for the last 10 years or so it pays no dividend returns on the investment it really should over 40 per oz but it is not cus there is so dam much of the stuff available
Just holding for a pull back.
*I KNOW NOTHING ABOUT TRADING/ INVESTING AND I'M KEEN ON GETTING STARTED . WHAT ARE SOME STRATEGIES TO GET STARTED WITH.?*
As a beginner, it's essential for you to have a mentor to keep you accountable.
I'm guided by a widely known crypto consultant
Mrs Annette Gina
This is correct, Annette Gina strategy has normalized winning trades for me also and it's a huge milestone for me looking back to how it all started.
Dollar cost averaging into whichever asset you’re interested in. Compound interest is king, don’t forget to diversify. G&S is one good way to hedge your bets and one of the ways you should diversify.
Buy, buy, buy now!
KEEP ON STACKING !!! GODS MONEY !! = REAL MONEY !!!
More sellers than buyers in Northern Colorado, people need fiat.
Now Gold I can see someone selling to take some profit because it has went up enough to see a profit but silver sorry don’t see it you would think by now stackers or shops would have made a chart showing if you bought silver at this spot with normal premiums it needs to go here in order just break even or if you bought here if it goes below this number your losing it can’t be that hard to figure out but dealers are using house money so it does not matter to them they will get discount when they buy it and profit when they sell it hear dealers say all time the margins are so small that’s only one side what about other side when you bought the silver see collectors need to use each other as the house money collectors would get better deals both ways one day someone is going to unlock a system collectors can use to stay within themselves and drive the small guys back out if you really think about it every dealer is just using the collector to pay there bills and get a paycheck if you don’t believe me ask your dealer next offer they give you when your selling to come up buck or two see what they tell you
Funny how he says go ahead take some profits and I bet 90 percent won’t make a dollar see silver has go way up for that to happen due to 5 to 7 percent premiums paid on the silver so unless you got some silver way way back when like before it was 24 per ounce there is no profit now maybe close to break even but profit nah
Weak Hands never change
I can only dream of the day that we have a local coin shop within a day's drive of where I live. Can a guy buy from your shop yet without having a Facebook or eBay account? 🫎🫎
Yes. You can order via email, phone and (coming soon) my website.