Stavros in panhandle, caught your video and enjoyed it thank you, you are spot on about what's going on in Florida, taxes and insurance just killing us, but so far been able to hold on to my stack. Again you guys are spot on.
Some great guys, Brian and Tim. Not only did I do well on our trade, but you guys did well also. Silver went up $1.50. Thank you for answering my question Brian.
thank you for another great session. nice to be in touch with what's really happening out there with regards to impact of PM price rises as well as buyer/seller sentiments. look forward to this every day.
It's all bs , that's why they increase the value of ones home to increase the property taxes ....... If one owns the home why paying property taxes .......look at the deed where does it say one owns the land the home sits on
Sorry to hear sales have fallen way down. I still try to buy what I can both because I truly believe metals will rise and want them, and also know so many others are struggling and need to find buyers for what they have. Seems like this has been the situation this entire year. Coin shop nearest me seems to be in a real tough pinch, they have taking in a lot of high priced numismatic collections, high grade key date coins, sitting on a massive inventory they can't move. At least bullion can always be moved even if to a refiner.
You mentioned in a prior update that you’re expecting a ton of junk silver from your suppliers, is that still the case given your pivot to the buying side?
People are getting crushed by taxes, insurance, AND inflation and energy/gas prices. Wages are not keeping up with the cumulative inflation we've seen. Better to sell metal than rack up interest on credit cards. Question.... Since you've been in this industry for a decent while, can you say historically what happens to the precious metals market when the Fed decides to cut their interest rates?
What do you think? I speculate very soon, not tomorrow but soon, paper dollar no one will want as they are promissory notes from a government that has no business making promises. There will be a government dominant crypto. PM will be trade and barter.
I would say this is a lot to do with prices going up so people are finally cashing out now. Do they need money some obviously do some are just gonna take the profit. until the new price set a foundation at these new higher levels I doubt many people wanting to buy. So you’re having to sell your silver at wholesale prices to the large refineries. This is a good example of people wanting and hoping to get big prices for gold and silver, but guess what it’ll happen im 20:25 balance will happen so the places the small places are getting no buyers only sellers and so they’re gonna spread that’s unfavorable for the small shops and buyers
Your shift is a change across the board in our industry. We have been sending 2-3 loads to the refinery each week at our shop in Myrtle Beach. We are setting up at a show next weekend, and 7 more before the end of the year. I am interested to ask other dealers if they are experiencing the same.
I reached my silver "bullion" goal about a year ago. I switched to buying 1970's art bars with designs and rarity that I like. USSC, Death Valley, Madison etc etc
Appreciate the advice. I'm getting ready to dump a load PM for real-estate purchase in next month, or 3. I'm sure you'll be hearing from soonish. One question I didn't hear answered. When I'm ready to sell, do you lock in price over phone or is it once you receive? That could really make a difference. If the day I mail it, Silvers @ $30, but you get it 3 days later, it might be $27???
Can you post the buy sell for good quality sovereign 1 oz coins. I saw the show where you took in quite a bit,but they disappeared the next day. I am assuming you sold them and that there is demand. I plan in bringing in about 250 in kangaroos, krugerands,and maples. Some are also 1.5 oz polar bears rather than maples. your show. Also will be swapping some silver for eagles and some foreign gold for eagles. Love your show. Andy and his ilk give me the greater picture, but you are the only who gives us holdlers the down and dirty on retail buying and selling. Time to burn some silver. I imagine there are some out there associated with the wholesalers/refiners which are making money off the silver carry trade. Fine with me!!! Just paying some major expenses, which were planned as part of retirement. See you soon.
Spot - current price of the metal per ounce currently = 30$ per ounce. Melt price is the weight of the precious metal x by the current market price of it. So if a bracelet is 90% gold by weight it is 0.90 x its total weight x current spot price = melt price.
@@Karim-ik5ij It's just weird to distinguish between both. I fully expect when a dealer says they spot it means on the value of the intrinsic metal content no matter what it is.
No pull back today. Silver exploding higher and higher. Silver Up 30% year to date now for silver and gold at a record high. The US dollar is sinking, with speculation the Fed might do a half point cut. I don't think they will but many on Wall Street are thinking a half point cut is possible next week.
I wanna sell my silver to you. I call. We settle on a price AT THAT TIME? But like the business dictates, Vermillion reserves the right to change the buy price. So the SET BUYING price isn’t really set UNTIL the product reaches your doors? How do you notify me of the change of pricing. Do I have the option to say no? I guess what I’m asking is, there simply is no LOCKED IN pricing. And what if spot rises? Will Vermilion adjust the buy pricing UP if Spot rises during the shipping time? Enquiring minds wanna know. Thank you for your transparency. It remains REFRESHING. StackOn!
@@vermillionenterprises If you want to lock-in prices before your items are shipped, then you'll have to go with the big online guys, like APMEX. However, unlike Brian's prices, APMEX's buy-back prices absolutely suck.
I dont understand how anybody can buy gold and or silver at these inflated prices. It's only common sense that these price levels especially gold wont last.
I been buying quite a bit of gold lately. I just want to get my gold no matter what. I don't care if it goes down or not. I just want it because it's that important to ditch the dollar. Been buying a boatload of silver too. These prices are actually cheap compared to what you will see.
Call the shop to place an order.
Cash flow isn't the problem it's the Federal Government! Have a great weekend Brain and Tim.
great content! I hope you never have to cut Tim loose. He is a GREAT compliment to you.
Excellent report thumbs up 👍👍👍👍👍👍👍😎 thank you guys for keeping us up-to-date and all your great sales😊🎉❤
Just picked up 5 - 10 ounce bar’s from one of my favorite LCS in Minneapolis
Thanks for your updates
Per usual. Honest, straightforward information. No hype.
TY for sharing.
Stavros in panhandle, caught your video and enjoyed it thank you, you are spot on about what's going on in Florida, taxes and insurance just killing us, but so far been able to hold on to my stack. Again you guys are spot on.
Some great guys, Brian and Tim. Not only did I do well on our trade, but you guys did well also. Silver went up $1.50. Thank you for answering my question Brian.
SILVER & GOLD..🤩🤩 RUN BABY RUN 🤩🤩 😊
thank you for another great session. nice to be in touch with what's really happening out there with regards to impact of PM price rises as well as buyer/seller sentiments. look forward to this every day.
Property tax on a rental property went up 32% from last year. Disgusting.
Ouch.
Americans need to stop this
@@coreyroberge6521 I filed a petition but I doubt anything will get changed.
It's all bs , that's why they increase the value of ones home to increase the property taxes ....... If one owns the home why paying property taxes .......look at the deed where does it say one owns the land the home sits on
And now we know why the democrats want to take our gun. And why would they arm the IRS?
Great video. Spot price in precious metals is crazy.
Thank you for watching.
Another great video, guys! And I really enjoy the questions and answers!
When I saw the tax notices start showing up I knew this was coming. Absolutely ruthless right now, fixed income persons really suffering.
Long time no talk! Indeed, it is ruthless.
Thanks for another excellent and informative video.
Appreciate the honesty and detail!
Sorry to hear sales have fallen way down. I still try to buy what I can both because I truly believe metals will rise and want them, and also know so many others are struggling and need to find buyers for what they have. Seems like this has been the situation this entire year. Coin shop nearest me seems to be in a real tough pinch, they have taking in a lot of high priced numismatic collections, high grade key date coins, sitting on a massive inventory they can't move. At least bullion can always be moved even if to a refiner.
Good information here!
"TERRY, TAKE THE CAPS OFF!" Priceless.
Thanks guys!
You mentioned in a prior update that you’re expecting a ton of junk silver from your suppliers, is that still the case given your pivot to the buying side?
Very interesting explanation about refiners and cash flow. Thanks for sharing!
Question . Do you think refinery pulls vintage or 90% to resell? Or everything into the fire ?
right now i know 2 of them are definitely burning them and supplying the mint with the silver so they can make new material
🔥🔥🔥
People are getting crushed by taxes, insurance, AND inflation and energy/gas prices. Wages are not keeping up with the cumulative inflation we've seen. Better to sell metal than rack up interest on credit cards.
Question.... Since you've been in this industry for a decent while, can you say historically what happens to the precious metals market when the Fed decides to cut their interest rates?
Great question, i used to think so, but we appear to be in the upside down now and no i do not have any faith in historical patterns
What do you think? I speculate very soon, not tomorrow but soon, paper dollar no one will want as they are promissory notes from a government that has no business making promises. There will be a government dominant crypto. PM will be trade and barter.
I would say this is a lot to do with prices going up so people are finally cashing out now. Do they need money some obviously do some are just gonna take the profit. until the new price set a foundation at these new higher levels I doubt many people wanting to buy. So you’re having to sell your silver at wholesale prices to the large refineries. This is a good example of people wanting and hoping to get big prices for gold and silver, but guess what it’ll happen im 20:25 balance will happen so the places the small places are getting no buyers only sellers and so they’re gonna spread that’s unfavorable for the small shops and buyers
Great video. Awesome engagement. Kudos Sir.
Thank you for watching
Gold on a rip. See what Monday looks like.
Thank you for watching.
Sounds like a good time to convert silver to gold!
Your shift is a change across the board in our industry. We have been sending 2-3 loads to the refinery each week at our shop in Myrtle Beach. We are setting up at a show next weekend, and 7 more before the end of the year. I am interested to ask other dealers if they are experiencing the same.
I reached my silver "bullion" goal about a year ago. I switched to buying 1970's art bars with designs and rarity that I like. USSC, Death Valley, Madison etc etc
Appreciate the advice. I'm getting ready to dump a load PM for real-estate purchase in next month, or 3. I'm sure you'll be hearing from soonish. One question I didn't hear answered. When I'm ready to sell, do you lock in price over phone or is it once you receive? That could really make a difference. If the day I mail it, Silvers @ $30, but you get it 3 days later, it might be $27???
Real estate will be a dog. Don't do it!
What do you buy gold nuggets at? Or how does it work with nuggets?
Can you post the buy sell for good quality sovereign 1 oz coins. I saw the show where you took in quite a bit,but they disappeared the next day. I am assuming you sold them and that there is demand. I plan in bringing in about 250 in kangaroos, krugerands,and maples. Some are also 1.5 oz polar bears rather than maples. your show. Also will be swapping some silver for eagles and some foreign gold for eagles. Love your show. Andy and his ilk give me the greater picture, but you are the only who gives us holdlers the down and dirty on retail buying and selling. Time to burn some silver. I imagine there are some out there associated with the wholesalers/refiners which are making money off the silver carry trade. Fine with me!!! Just paying some major expenses, which were planned as part of retirement. See you soon.
I think the artistic composition of your videos has improved a lot over the last year or so. And your oral communications grade has gone up to.
Great Video Guys,, 💥
Good morning Lets Go To $2600
We'll see what happens. Thank you for watching.
$2800 in December. lets goooo
@@buyystocks the dollar is fading like a flower..............
What's the difference between MELT and SPOT?
Please see the following video: th-cam.com/video/CnPD2QBKhz8/w-d-xo.html
Spot - current price of the metal per ounce currently = 30$ per ounce.
Melt price is the weight of the precious metal x by the current market price of it. So if a bracelet is 90% gold by weight it is 0.90 x its total weight x current spot price = melt price.
@@Karim-ik5ij It's just weird to distinguish between both. I fully expect when a dealer says they spot it means on the value of the intrinsic metal content no matter what it is.
Let's get 35
Great show guys
Thank you for watching.
Lots of good information 👍🏻
Great video. Super informative.
Ahh coffee, gotta love it!
It's a banner day for gold and hot towels baby woohoo
Why are people celebrating paying more? The dollar currency we use every day is planned obsolete.
@@bobsuruncle679 because I'm 61 and done buying ,been buying for 25 yrs,
@@bobsuruncle679 you're not even my real uncle
Good video guys
What will you NOT send to a refiner and keep?
Brian is freaking out lol
Bull market in precious metals is just getting started. I would not be selling any precious metals now, unless one needs cash urgently, of course.
Sounds fair to me
Do you buy dental gold?
I know you don’t sell small quantities over the phone and I don’t know your business but wouldn’t that help on the sales side ?
I mean you have great prices on buying and selling and I would buy consistently from you in smaller quantities but very consistent
Do you buy 1950's-1960's Mexican Pesos 72%, 80% Canadian Silver, + US HALFS 40% ???
No pull back today. Silver exploding higher and higher. Silver Up 30% year to date now for silver and gold at a record high. The US dollar is sinking, with speculation the Fed might do a half point cut. I don't think they will but many on Wall Street are thinking a half point cut is possible next week.
I wanna sell my silver to you.
I call. We settle on a price AT THAT TIME?
But like the business dictates, Vermillion reserves the right to change the buy price. So the SET BUYING price isn’t really set UNTIL the product reaches your doors? How do you notify me of the change of pricing.
Do I have the option to say no?
I guess what I’m asking is, there simply is no LOCKED IN pricing.
And what if spot rises? Will Vermilion adjust the buy pricing UP if Spot rises during the shipping time?
Enquiring minds wanna know.
Thank you for your transparency. It remains REFRESHING.
StackOn!
We lock in pricing when the package arrives.
@@vermillionenterprises If you want to lock-in prices before your items are shipped, then you'll have to go with the big online guys, like APMEX. However, unlike Brian's prices, APMEX's buy-back prices absolutely suck.
Are gold 20 francs coins good to stack for the money?
Yep! Just my opinion though..
selling real money for keeping your materialistic things in 2024 will be a huge Kick in the Ass in 2025 of Regret................
You differentiate from type 1 or type 2 silver eagles? Asking because the premium on both are very different thank you.
On payments, can you accept a Western Union Money Order?
98% is not good, if you end up with zero 2 weeks later. You might as well just say “ pay me when you sell it” lol
I dont understand how anybody can buy gold and or silver at these inflated prices. It's only common sense that these price levels especially gold wont last.
It took me awhile to get used to this price, but look at what bitcoin did! And gold is (usually) the anti-dollar. It’s probably going higher.
I been buying quite a bit of gold lately. I just want to get my gold no matter what. I don't care if it goes down or not. I just want it because it's that important to ditch the dollar. Been buying a boatload of silver too. These prices are actually cheap compared to what you will see.