Buying Silver in 2020 - What You Need to Know!
ฝัง
- เผยแพร่เมื่อ 13 พ.ค. 2020
- In this video we are talking about some of the best buying tips if you are JUST getting started into buying and investing into Gold, Silver and more!
If you have ever wondered about Silver and how to get started Buying Silver then you should watch this video first!
Are you a Silver Stacker? If you are stacking Silver Bullion let me know what you think in the comments below, or even leave some of your own tips about Buying and Selling Silver in 2020!
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#Silver #Buying #Investing - แนวปฏิบัติและการใช้ชีวิต
I used my stimulus to buy silver because fiat money is in abundance and when the dollar goes down gold and silver go up.
You must be so proud.
@@Manning_Family you must be jealous
@@MoLassessss you’re the type that gets jealous when they see someone looting in another city. “Why can’t I be getting free stuff too?” you say. 😂
Good info and great video, as always! We have just begun diversifying this year with stacking and collecting, both bullion and 90%. You made a ton of great points here. One I'd suggest to folks is.........patience! Precious metals definitely isn't a quick 'bang for your buck' game. Don't get overcome by the shiny things and pay too high of a premium. Patience is key. You CAN still find some steals out there (although fewer and further in between) but you need to be vigilant. And don't forget one of the best parts of collecting 90% - that familiar, lovely jingling silver sound! :)
Great introductory video for people interested in silver. Thanks SS!
Nice way to break it down. This video explains and helps others including myself of different ways of thinking of why to collect silver. Thank you Seeker.
Great video, as always; thanks
Thanks you @bubbsalicious for posting the question in the community tab, and I hope you like the resulting video! If you guys have any questions or corrections to the video, please leave them below. I'm always open to constructive criticism!!!
Thank you so much for watching!
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You guys rock, thank you so much!
A lot of good info, thank you!!
Have a GREAT Day!!!
Great information! Thanks.
Oh man this is really helpful information and gives me some tips for asking the right questions before I go to the LCS i found near me.
I’ve got watch this one again. Very useful. ❤️
Awesome video, thank you
Just got my monthly coins. Thank you so much for everything you do. As always, I am very happy with what I received. Peace and prosperity to all and happy hunting.
I stack weight in PMs because it's a store of wealth to protect against hyperinflation and worthless fiat paper. For me it's a preservation of my wealth for the future.
no its not
Sounds like the intro to every other channel on this platform.
You have great knowledge about precious metals. I did my research many years ago when I started stacking and collecting. And I am along with you, please please do your research. If a deal is to good to be true, IT IS!! Happy stacking and collecting all!
Am new but am learning a lot just by watching. Thank you am new at stacking .
Thanks for informative video
Great questions bubbs.. Great info seeker can’t get any better then that ..
Ty for the awesome vid! I learned some new things and enjoyed watching!
Awesome! Thank you!
Hi, Silver Seeker, I am a new comer to precious metals. I am doing exactly what you recommend: learning all I can from TH-cam and books, surfing the internet, visiting coin shops, etc. I am really enjoying "stacking silver." I really believe , like you, that silver and gold are real money. I believe silver and gold will hold their value and will increase in value when fiat currencies collapse and hyper-inflation explodes! I Enjoy the metals - I think they are aesthetically appealing and I am all in - gloves, holders, etc.
Great advice. New sub, long on silver. My favorite is the Morgan dollar. I have a video releasing Tues about the history of the Morgan. I love that into btw.
Crave Sound Advice been a while since I've heard it but I'm right up there with the level of experience to know better. Still great reminder nonetheless😊👍
Good stuff
Excellent
good stuff
I love those maple leafs
Once again very well done. I've been saving up ASEs and have tubes to put them into. Maybe one day I'll have a monster box. 🤟
PapaKryptoss a tube a month. Roughly a car payment. That’s what I’m doing. Ive quit cigars to do it. I recommend buying an empty monster box to keep the goal forefront in your mind every time you open it. It’s an easy way to keep track of your progress. In 25 months you’ll be done.
@@afoot4silver800 That is funny you mentioned giving up something. I quit drinking and smoking and use what I would spend on buying ASEs. I'll be getting me a green monster box. Thanks for the tip. 👍
PapaKryptoss a few tubes are mixed with foreign sovereign fine silver also. A half dozen or so of each with a little more favoring the closest border. In south Texas I’m heavier in libertads than say maple leafs if I lived in northern Idaho. I do have pandas, and South Korea silver.
I have a tendency to call Constitutional money pre-1933 gold/silver.
I heard you slip up a few times calling fiat currency money. Gold/silver is the money. ;)
You are right... if you sell gold/silver for fiat currency, there's a risk that the fiat will be of less value the next day.
That's why I am holding.... because the only sensible thing to do, if selling, is to sell for a fiat profit in the hopes of buying more gold/silver at a lower price.
I'd love to get a metal verifier, but it cost about a 1/2 oz of gold for the good one.
Just my two cents, seeing some comments I think it’s worth mentioning there’s a huge difference between stacking and collecting. One is intrinsic value the other is numismatic value. During a hyper inflation scenario the numismatic value will fall off. Wearas the intrinsic value will be stable or even increase.
Few people will be willing to buy or trade equal goods and services for that $300 Morgan dollar when it’s intrinsic value might only get you a tank of gas.
Its fun to have weight and numismatics
A sincere question then... not trying to be smart... why then do all these silver stackers I watch wear gloves when they handle bullion. It's a mixed message to say the worth is in the silver itself and then worry about the lustre (you see what I'm saying?). If the value was the metal, it wouldn't matter if there were fingerprints. There is clearly some "collecting" or numismatic value in these bullion coins.
@@daysofcarnivore It probably helps the resale value under normal circumstances.
excellent post ! there are levels of value at certain times. maslow's hierarchy
I don't have any Silver but started watching a variety of channels and videos, I have some wants like the royal Canadian Mint 10z bar, the Komsco 1Kg bar, and some ASEs but there's restrictions I don't feel comfortable paying the large premium both on the premium market or even on secondary market generic silver it's hard to find less than 3.50 over spot.
Premiums are through the roof ! Im still buying ! Better to pay a little more than have zip !
I just started, it has been hard to convince the wife, but it hurts paying a 26% markup.
I only buy low Mint coins at these high premiums.
Premiums today are much higher than 3 days ago ;)
I prefer to use the inverse ratio when valuing constitutional silver: $1.40 FV per ozt ASW.
Good point about "shopping around"......let the LCS (or whoever) know that they need to compete if they want your metal.
i am confused as to what the difference in silver coins with pictures are compared to silver with no pictures ? Why is the ones with pictures so much more expensive ? Isnt silver still silver at the end of the day and worth the same price ? Why does a image change the price and make it more expensive ? Who is going to look at what image your coin has during a time of hardship ?
i like to "invest" in silver because i like looking at it
You remind me of Eminem from 8 mile when you got the beanie on lol
Some Venezuelan bought the Venezuelan Doblon silver coin in the past, and They have sold it in these crazy times for them.
I believe some silver eagles carry a premium as well as maples such as the 1996 which were low mintages in both the U.S. and Canada.If people are worried about fakes,Sunshine Mint has anti-counterfeiting mint marks on their bars and rounds and they sell a mint mark decoder that can be purchased to show their mint marks which are not visible otherwise.
All those coins carry a premium.
Obviously, a stacker wouldn't stack a '96 ASE unless he/she was stacking back
in '96 when the price was great.
I haven't heard any stackers stacking ASE now because the consensus is that the premium is too high. They are spoiled by the last few years of low premiums.
Prior to the last few days, since silver is up, I got a few 2020 Britannia for under $19.50 pre-tax and some 2020 Maples for under $20.50 pre-tax. I didn't buy a huge amount because I believe that there will be a dip in silver and gold, and I want to keep some fiat (cash) to take advantage of it. I could be wrong, yet what if I am not?
Thanks for the information and tips. I’m glad watched this video before I got into a jam and needed to cash in.
I’m having fun and still stacking one ounce at at time. 😎
A better formula for 90% silver is knowing that $1.40 of face value= 1 ounce of Silver
Love this video a lot though! New sub👍
I bought some constitutional silver lately.
5 DM coins and 10 dm coins from Germany but also some higher premium silver on eBay.
Fact is.
Lately silver demand for the best known silver Buillon was extremely high and prices were extreme.
But I found some sem8numesmatic stuff on ebay, esp from dealers selling coins over and over again on auctions.
So I bought a proof Rwanda coin from 2012 (a mistake, I ordered the 2017) for 40 dollar and a collector coin 2020, normally cost 60 dollar from Perth mint for 45 dollar.
On the other side I bought old dmark coin with a garantueed value in case of massive silver drop.
For the constitutional silver I bought for maybe 18 dollar per ounce.
The Rwanda collector coin and some other price was much lower then the average ebayprice before Corona when silver was at 19 dollar.
What I want to say is, coins like maple leaf price was extreme, even with silver price as low as 12 dollar, they costed 26 dollar,while even many sem8numesmatic coins costed less or older years normally having higher prices costed less.
So many cried while saying, I had opportunity to sell cheaper but no supply.
If the had tons of like maple leaf, they could buy these for 24 dollar at a silver price 14,while they buy junk silver for 17 or sem8numesmatic.
Selling Buillon for 24 dollar while silver price is 14,normally is the best you can do and I wonder people didn't but payed 10 dollar over spot.
I like me my libertads, Maple Leafs, & Britannia’s! I stack gold and collect silver. I’m building a treasure chest!
$100 spend right now. What are you buying as a stacker?
Wait for JANUARY to buy gold or silver , in that month we usually see the Lowes of the year
Just started using it for store Vale and wanna hold for 20+ and pass on to my children
As a Venezuelan, Im looking forward to start investing in Precious metals, People here are selling their pre '64 Quarters and dimes without knowing they're 90 percent silver, tho others are crazy with prices, the other day i found someone who was selling a 1997 cent for 5 bucks as """""""antique"""""""".
2/10 would not recommend.
I have a question so if i have a quarter that is from the 1960 does it have silver?
Ok so wich one should i buy?
I wanted to invest in silver bullion, what should I buy? 999 or 24k. Im just new. Plus I'm from the Philippines. Should I just buy a legit silver coin from a legit company?
i usually get better prices in europe than my own country even with shipping included. it's quite a shame. so i find that ordering overseas is much smarter.
do you have any sites overseas we can check?
How is that possible? When i check the price for 1oz in europe it is 30 eur and in usa it is 30 dollars for the same coin. And 25 euros are 30 dollara. So in it a lot pricier in EU. Could you share your sources?
@@nemanjadjordjevic7353 um, i usually buy at europeanmint but it's quite pricy right now so i'm taking a break and focusing on gold.
We get to the point where a loaf of bread=a sliver quarter we will need bullets more than silver. Metals as a store of wealth as part of a diversified portfolio of cash, stocks, and bonds makes more real world sense
Seeker my brothers father in law passed away and he had a nice stack of coins ,
my brother was going to turn them in to the bank , dollar for dollar , he knows nothing about coins ,
I asked him are you crazy give them to me.
he finally mailed them to me and wow some nice stuff here , I'm impressed.
some really old coins I need to check out what their worth.
Mark B That will be a fun dig! I’ve been able to help folks with that before and it’s fun to go through someone’s collection, to find the things that turned them on. You’re a good fella to help them out 👍
@@histeve1110 thanks Steve , take care
I have one kind like that. How to send the picture?
If you stack silver for preservation of wealth, stick to what is shown above. Never, ever pay for a 'premium' or 'collectible' coin. That's just wasted money.
That's only if you are a stacker/prepper only. Naturally, stick to better $ per oz.
Even to stick with the above coins may put you into a collector status.
I admit that I have one coin that I bought for a little over $50. I don't plan to trade it for a loaf of bread.
I also have my limit. I typically don't buy proof coins or slabs. I have just a few.
I am not the guy who pays $2000+ for an older "rare" Morgan Dollar. $20 for 1921 is good enough, but I don't even see that low of a price for them any more.
P.S. the silver is the money so technically it's not a waste. Collector coins just don't have as good of a fiat per ounce ratio. I do agree that getting as much ounces would be best if you're primarily a prepper/stacker.
That's wasted money if you don't have a clue what you're doing... Like 90 % of people.
Yes, if you look at a rare silver with a high price, you are better off getting a gold coin that is similar price but more common and easily valued or traded. If you want a high value coin for easier storage.
Seeker you may need to make a video about German Silver!
th-cam.com/video/D9G0i8QXOSE/w-d-xo.html
I think he did... as he acquired some fake silver.
Is buying conmemorative silver coins a good investment?
i have been to Ven and they just use amercian money and its sooooooo old and worn down its crazy
i am confused as to what the difference in silver coins with pictures are compared to silver with no pictures ? Why is the ones with pictures so much more expensive ? Isnt silver still silver at the end of the day and worth the same price ? Why does a image change the price and make it more expensive ? Who is going to look at what image your coin has during a time of hardship ?
I like to talk to you about being a guest at our coin show in Knoxville
I don’t look at silver as an investment. I look at it is an insurance policy against hyperflation and or a dollar collapse.
Is it better to pay several hundred bucks more for a sealed mini monster box of silver eagles or save the money and purchase 100 bulk. Considering main objective is to protect wealth?
Hi, I want to buy silver and I have a question: why the American Eagle 2020 One Ounce Silver Uncirculated Coin on apmex cost $30.51 and the American Eagle 2020 One Ounce Silver Uncirculated Coin on the united states mint website cost 54?? aren't they the same coin? thank you
They aren't the same coin actually... the one on APMEX is a bullion release where the one on the Mints Website is the W Minted Burnished or the Proof.
Still both 1oz of Silver though
@@SilverSeeker ok....so which one should I buy? I know nothing about this. Thank you very much for your help
@@OmarDiazpianista Depends on your goal! If you're a collector the Burnished or Proof may appeal to you, but if you're a stacker then you want the cheapest per oz possible.
@@SilverSeeker got it. thanks for the help.
Part : 7
The Canadian Maple Leafs are .9999 pure to four decimal places. Seems like this purity is the better one to buy.
It honestly doesn't matter.. the difference in miniscule and it still has the same amount of silver at .999 coins.
Could someone please lead me in the right direction to buy just silver?. I don't care about what is printed on it. Would be greatly appreciated
Ebay... rolls of maple leafs
the doubt is:if gold and silver will reach high score and cash will go down because of hhyperinflation the why all this PM dealers are selling their PM?for example if an oz costs nowdays 1760 dollars and in the future maybe it will reach 9000dollars,so why the hel PMDEALERS are selling now?why not kkep all ur gold and silver and buy as many things and assets when things get damaged.
PM DEALERS MAKE PREMIUMS ON BUYS AND SELLS DURING LITTLE MOVEMENT AND MORE PREMIUMS WHEN THE PRICES SOAR,,IT IS CASH FLOW AT ALL TIMES TO PAY RENT EMPLOYEES ETC.
They buy for less and sell for more and use the profit to buy more
So if automation and high unemployment becomes the norm, do you believe UBI is an ethical solution and does that affect what gold & silver is worth?
But why there is no government in the world have silver reserve like they have gold reserve ?
J.P. Morgan hold half of world silver I believe
I'm new to collecting silver I bought my first 5 ounce silver double eagle coin from national collective mint. But the coin say trubet to United states so I was wounding is national collective mint a trusted company in silver
My wife doesn’t allow me to have Instagram. Are there any silver stackers on Twitter?
divorce her
Grow a pair
PS. Never pay $1.00 over spot price
Oof I disagree with that statement because it depends on the market. Spot price isn't always indicitve of the physical market.
Eggcetera.....
To all those who follow history.History always repeats itself. 2011 silver? Let's see. Will a history pattern turn full circle? Take a chance.Why not.Without risk will be no reward. I bet it will repeat. Goodluck! God bless you all.
Not buying any 2020s. Bad juju
It's called retirement haha
great video check out my coins on the coin cabinet
You don't have to "believe" for it to be a good wealth preservation tool. God!
Except yes you do? If you don't believe Silver has value then you may not believe it's a wealth preservation tool.
I will make a video how to buy toilet paper and stack on huge piles :} :}.just kidding guys iam stacking on silver too keep stacking
Why are you showing the obverse of the eagles and maples but the reverse of the buffalos? 😉
I just buy all my silver from wish.com, all I need to know🤫 it's a secret. They have some awesome German Silver for less than half of spot inside their own cases😁
lol STFU wish.com IS A SCAM!!!
guaranteed FAKES
German Silver is not even silver! It's fake silver!
How is it a scam? I have literally got everything I have ever ordered from them, also if it doesn't arrive in time I get a refund😀
@@NickelNationCoinsMore
It's made to look like real silver but its actually made of nickel, copper and zink! No silver in it at all! Some of it comes from China!
SILVER WILL HAVE A BETTER RETURN THEN GOLD, IT IS SUPRESSED AND WILL BE WORTH ALOT MORE IN THE FUTURE
I don’t have any junk silver, so I guess I’ll just have to trade him my entire silver eagle for his loaf of bread. And his daughter.
You might get a yeast infection
afoot 4silver
These days I just assume SHE has a monster box and 1 ounce is already overpaying.
Or knock the baker out with a kilo bar.
Haha stack on
lol I love these analogies like oh the entire economic system collapse but the baker's supply chain is completely intact and is now accepting 80-year-old change as their only form of bartering
Venezuela has no different than Germany Argentina and a handful of other countries that over-inflated their economies
I don't think its time to buy silver, its very overpriced now unless you are thinking to sell it in the next 40 years if you buy today you are losing money.
The only people buying silver are the people that haven't tried to sell their silver. Unless there's a shtf scenario you might as well be collecting shiny stamps.