I'm a patient gold and silver buyer. Dollar cost averaging is not my style. I buy when the metals are unloved. However, I buy up to 10K, just under to keep it anonymous. I don't buy boutique silver, you'll be lucky if you ever make your money back. I buy from bullion dealers, cash, no names required. If you buy from an online dealer there is a record of your purchase. We do, still, have a right of privacy....if it's cash.
Coin Crew channel has an Ace, they have a segment called Floyd Fridays and as the name suggests it is a regular customer named Floyd and on Fridays he gives his take on everything under the sun. I wish Josh had a regular customer to sit down once a week and ramble! Josh is my go-to when I want to hear an "On The Level" opinion!
Hi Josh! Great video as always! I have a question about selling. What is your protocol/general etiquette if I want to sell a monster box of Eagles, Maples, RCM 10 ounce bars? Do I call you first? Do I just show up? Should I make an appointment with you so you can verify with your sig-ma-thingy that all the metal is legit? New stacker and would like to hear more about selling if one should ever need to. Thanks, Josh!
I had the great fortune of getting to stop in to MCB last week on a road trip across the US. It was a blast. Josh and the other gentleman I met at the shop were consummate professionals. They were kind and friendly - they shared stories of the markets and things they have seen change over the years. It was a wonderful experience. If you have the capacity to stop in or if Josh is your LCS, then I highly encourage you to stop in. It will be well worth your effort. ⭐️⭐️⭐️⭐️⭐️
Look up lcs on Google local coin shops. Call every single one that you are willing to drive for and ask what they sell 1oz silver rounds for. tell them you want the ones with the lowest premium. I got 3 percent and 5 percent for gold and I got 7 percent for silver. For reference. If u need to drive further for a better premium it can be quite worth it depending on how much your buying.
"The best time to start stacking was 10 years ago, the second best time is now." But you could wait a bit for a dip. Take cash to a bullion dealer, coin shop or coin show. Ive been to gun and mineral shows that had some silver and gold dealers too.
Good video. We need to get you a pointer so you can quickly name EVERY item that we've been looking at. (You can still pick up and highlight items but I either didn't know or was unsure of some of the coins.)
Great channel Josh! I would think you get the occasional Canadian in your shop being that you are not that far from the border? If so have you learned anything about crossing said boarder with metals/boullion? Thanks!
Great vide & neat pieces 🎉 Our question: How does your bid/ask differ on commemorative gold vs ASE's? Is the agw value a better deal per gram or oz in the commemorative gold coins?
All you need to do it ship to a state other than Kommunist Vermont. Go get yourself a PO box or friend in New Hampshire and ship there and save yourself a ton of sales tax money. No sales tax in New Hampshire.
Since I have known you almost since you officially became a coin shop owner, was there a major purchase or sale that just blew your mind when you first started the shop?
You def have some cool stuff, the lego, the diamond, the 2 oz cartridge so cool. Like you impaired videos too, wish you were local so I could give you some business.
I keep hearing that silver is a manipulated commodity and that the big banks set the price based on multiple contracts on the same ounces of silver. Could you please explain how the process works, has it always been this way, and why does the government allow it (sounds like price fixing???) Thanks, I enjoy your videos.
Frank, it has less to do with “the government “ and more to do with capitalism and the markets. Commodities are traded on the futures market (COMEX in the US), and the reason for this is to mitigate risk. You can lock in a future wheat price ( to buy) if you are a baker, and lock in a future price to sell if you are a wheat farmer. This insulates each party from unexpected events. The issue is, some folks don’t have wheat to buy or sell, but they can also buy or sell futures contracts on wheat, based on what they think the price will do. They can also buy options on futures contracts, which allows them to operate on margin, where for 1000 in, they can buy 10,000 worth of contracts. These are known as derivatives; as they are just trading a paper contract, and no physical product changes hands. If a bunch of contracts are out there that are shorting the commodity, it tends to drive the price lower.
Do you think gains in gold and silver are going to outpace gains in Bitcoin going forward? If so, do you think that will usher in a new generation of buyers into gold and silver?
I agree that it’s a better time to buy silver over gold right now but then in the back of my mind, I question myself thinking, but if I don’t buy gold now, then a month from now or two months from now or six months from now it’ll be greatly higher then I would’ve missed out on a lower price months and months and months ago
I recently started buying silver. My excel only stores the price I paid. It doesn't include spot price. Perhaps I'm new... $31 is $31 regardless of high or low premium.
Josh in have noticed premiums on gold are higher in general compared to two months ago.Have wholesale prices and demand causing premiums to go up? Thanks
They say the current median income and home price is around 100k/400k. What do you think ounce-wise would be a good but reasonable goal to have for a median gold and silver stack? Thanks.
Great video Josh! I have a question about buying gold. What do you think the best kind of gold is to buy right now, should we just stick to buying maples, buffalos and gold eagles, or would Pre-33 and foreign gold coins be a better option to buy right now?
What is the best way to sell exclusive silver products with very limited mintage (500pcs & 1500pcs) and maximize your $. Obviously these pieces are purchased with substantial premiums. Thanks
My question is this. I have the chance to buy about 130 Peace Dollars , all in plastic enclosures. They are also all 1922. If I were were able to buy them all for $20-$22 each would that be a good deal? I've only ever bought bullion from a shop and this is a private deal.
question... what do you think would happen with precious metals if the US moved to say a bitcoin backed currency? Something with a fixed amount of supply vs something like precious metals that have a continually growing supply with arguably no end in site for it.
I heard on a different TH-cam channel last week that he thinks that BRICS may decide to have a gold backing, and this person thought that if that happens that there would be a dip in Precious Metals prices what are your thoughts on that theory thank you
It's all good ! The constitution of the United States 🇺🇸 says only Gold and S lver is the only real Tender 💰 to pay debts . O say silver is still in there even though it not 100 bucks an oz . But I like Gold a lot myself .
How many ounces of gold and silver are in your personal stack?
Appreciate your channel, Josh
I appreciate that!
I'm a patient gold and silver buyer. Dollar cost averaging is not my style. I buy when the metals are unloved. However, I buy up to 10K, just under to keep it anonymous. I don't buy boutique silver, you'll be lucky if you ever make your money back. I buy from bullion dealers, cash, no names required. If you buy from an online dealer there is a record of your purchase. We do, still, have a right of privacy....if it's cash.
Coin Crew channel has an Ace, they have a segment called Floyd Fridays and as the name suggests it is a regular customer named Floyd and on Fridays he gives his take on everything under the sun. I wish Josh had a regular customer to sit down once a week and ramble! Josh is my go-to when I want to hear an "On The Level" opinion!
How can you get started in the business? What do I need to find a wholesaler to buy items from? Thank you for any input. You can give me.
Thanks for another great vid. Keep them comin. Have a great day.
Hello, nicely explained why silver and patience are better. Thanks for the video.
Hi Josh! Great video as always!
I have a question about selling. What is your protocol/general etiquette if I want to sell a monster box of Eagles, Maples, RCM 10 ounce bars? Do I call you first? Do I just show up? Should I make an appointment with you so you can verify with your sig-ma-thingy that all the metal is legit?
New stacker and would like to hear more about selling if one should ever need to.
Thanks, Josh!
I appreciate your efforts ensuring secondary silver rounds have scuff marks, scratches and dents.
I will just keep stacking silver, especially no matter what. In it to win it.
I would love that 10oz go away fed bar cool looking!
Just want to thank you for all you do.
Volatility is good. It keeps it from being boring.
I had the great fortune of getting to stop in to MCB last week on a road trip across the US. It was a blast. Josh and the other gentleman I met at the shop were consummate professionals. They were kind and friendly - they shared stories of the markets and things they have seen change over the years. It was a wonderful experience.
If you have the capacity to stop in or if Josh is your LCS, then I highly encourage you to stop in. It will be well worth your effort. ⭐️⭐️⭐️⭐️⭐️
We enjoyed your visit!
Great information, thanks Josh!
Question 1) Is now a good time to start stacking precious metals? If yes
Question 2) Where should a beginner stacker spend their first $1,000
Look up lcs on Google local coin shops. Call every single one that you are willing to drive for and ask what they sell 1oz silver rounds for. tell them you want the ones with the lowest premium. I got 3 percent and 5 percent for gold and I got 7 percent for silver. For reference. If u need to drive further for a better premium it can be quite worth it depending on how much your buying.
Is now a good time. Idk.
"The best time to start stacking was 10 years ago, the second best time is now."
But you could wait a bit for a dip.
Take cash to a bullion dealer, coin shop or coin show. Ive been to gun and mineral shows that had some silver and gold dealers too.
If trading in or selling some silver what is better....using your eagles or using your rounds?
Buy gold while it's under 3k just my personal opinion
100% Correct.....!!!
Thanks Josh. Always appreciate you.
Good video. We need to get you a pointer so you can quickly name EVERY item that we've been looking at. (You can still pick up and highlight items but I either didn't know or was unsure of some of the coins.)
pre-33 gold for the win. especially from minot coin and bullion!
Thanks Josh. Am real sorry I did not take advantage of the last flash sale..... KEEP STACKING EVERYONE!!!
Great channel Josh!
I would think you get the occasional Canadian in your shop being that you are not that far from the border?
If so have you learned anything about crossing said boarder with metals/boullion?
Thanks!
Great vide & neat pieces 🎉
Our question:
How does your bid/ask differ on commemorative gold vs ASE's? Is the agw value a better deal per gram or oz in the commemorative gold coins?
Stay positive yall.
I am here for the long run😊 I have a question what started you in a coin business and why
I love watching your videos Josh even though you can't sell it to me here in Vermont
You're close enough to Tim, though...😂
All you need to do it ship to a state other than Kommunist Vermont. Go get yourself a PO box or friend in New Hampshire and ship there and save yourself a ton of sales tax money. No sales tax in New Hampshire.
All good points and yes I'm hour and 45 minutes from Tim and always worth the drive
Since I have known you almost since you officially became a coin shop owner, was there a major purchase or sale that just blew your mind when you first started the shop?
You def have some cool stuff, the lego, the diamond, the 2 oz cartridge so cool. Like you impaired videos too, wish you were local so I could give you some business.
? If you had to liquidate a portion of your stack, would you sell your collectibles ( Graded Morgans and Peace ect) , or bullion peices first?
Thanks josh
I keep hearing that silver is a manipulated commodity and that the big banks set the price based on multiple contracts on the same ounces of silver. Could you please explain how the process works, has it always been this way, and why does the government allow it (sounds like price fixing???) Thanks, I enjoy your videos.
Frank, it has less to do with “the government “ and more to do with capitalism and the markets. Commodities are traded on the futures market (COMEX in the US), and the reason for this is to mitigate risk. You can lock in a future wheat price ( to buy) if you are a baker, and lock in a future price to sell if you are a wheat farmer. This insulates each party from unexpected events. The issue is, some folks don’t have wheat to buy or sell, but they can also buy or sell futures contracts on wheat, based on what they think the price will do. They can also buy options on futures contracts, which allows them to operate on margin, where for 1000 in, they can buy 10,000 worth of contracts. These are known as derivatives; as they are just trading a paper contract, and no physical product changes hands. If a bunch of contracts are out there that are shorting the commodity, it tends to drive the price lower.
Bing bong hey Josh, thank you for the video
Thanks for all your videos Josh, much appreciated. I love your flash sales! You are my LCS!
The volatility will get worse. Our economy is a like a spinning top that is slowing down and starting to wobble more and more
100%
And the coming interest rate cut that is coming next month
Do you think gains in gold and silver are going to outpace gains in Bitcoin going forward? If so, do you think that will usher in a new generation of buyers into gold and silver?
I agree that it’s a better time to buy silver over gold right now but then in the back of my mind, I question myself thinking, but if I don’t buy gold now, then a month from now or two months from now or six months from now it’ll be greatly higher then I would’ve missed out on a lower price months and months and months ago
I recently started buying silver. My excel only stores the price I paid. It doesn't include spot price.
Perhaps I'm new... $31 is $31 regardless of high or low premium.
Great video thank you. Question as a beginner would it be better for me to stack 10 ounces silver bars or 1/10 gold coin?
Josh in have noticed premiums on gold are higher in general compared to two months ago.Have wholesale prices and demand causing premiums to go up? Thanks
They say the current median income and home price is around 100k/400k. What do you think ounce-wise would be a good but reasonable goal to have for a median gold and silver stack? Thanks.
Great video Josh!
I have a question about buying gold. What do you think the best kind of gold is to buy right now, should we just stick to buying maples, buffalos and gold eagles, or would Pre-33 and foreign gold coins be a better option to buy right now?
Wish I had that Gold Kangaroo in my stack.
Hey Josh, can you talk about the gold to silver ratio please?
How is the website coming along?
This is a question I'm sure has been asked before, but how much capital did it take to step out and go to a full-time coin shop?
Do you have a consistent stock of platinum coins or bullion in the shop? Is it a popular metal that is traded in your shop.
That silver soldier is the sickest piece!!!!Where do you get a silver soldier?
You can purchase them from me. $65 each
Good stuff
What is the best way to sell exclusive silver products with very limited mintage (500pcs & 1500pcs) and maximize your $. Obviously these pieces are purchased with substantial premiums. Thanks
I liked the 1oz silver diamond
My question is this. I have the chance to buy about 130 Peace Dollars , all in plastic enclosures. They are also all 1922. If I were were able to buy them all for $20-$22 each would that be a good deal? I've only ever bought bullion from a shop and this is a private deal.
That's a great deal. I get them for $25-$26 from my lcs.$20 is well below spot price. There is around 3/4 an ounce in each Morgan and peace dollar's
Beware of fakes. Have a coin shop test them before you buy them if you can. If not, at least buy a pocket pinger and test that way.
question... what do you think would happen with precious metals if the US moved to say a bitcoin backed currency? Something with a fixed amount of supply vs something like precious metals that have a continually growing supply with arguably no end in site for it.
I heard on a different TH-cam channel last week that he thinks that BRICS may decide to have a gold backing, and this person thought that if that happens that there would be a dip in Precious Metals prices what are your thoughts on that theory thank you
Is other foreign junk silver worth buying not just 90% Us what about 80% Canadian? Thanks Josh!
More trouble than it's worth but hey, what do I know....lol
When govt.is sleeping.....just buy and hold........it is 100 times better to buy silver ( white gold) then buying bitcoin or cryptos........
Nah, gold is far superior - always has been, always will be.
@@jakobausterlitz8102 100% Correct....!!!
As long as our government is working against us You have to take a chance
#HODL
Lets go brandon!
Silver is an industrial metal. It's dead $$$.
tons and tons of silver out there.
It's all good ! The constitution of the United States 🇺🇸 says only Gold and S lver is the only real Tender 💰 to pay debts .
O say silver is still in there even though it not 100 bucks an oz .
But I like Gold a lot myself .
@@buyystocksthe scarcity of silver is the biggest scam since climate change .
@@bradleyozbun1012yet our money is backed by what 💩💩💩💩. Gold and silver is God's money
@@modus_operandi2508 yep I been flipping it for 40 yrs.
Buy silver bars.......it is white gold.....be smart........many people still sleeping.......price of silver is undervalue by 50%......
Nah, buy gold. Silver is hyped dead $$$.
Who told you that story, Kamala?