As an older gentleman myself , it sure is nice to watch a couple of experienced men graciously and respectfully exchange ideas and life experiences in such a well-mannered way...this kind of neighborly conversation has become a rarity since the advent of "social" media !!
The Greatest Man in History ; Had no servants, yet they called Him Master. Had no degree, yet they called Him Teacher. Had no medicines, yet they called Him Healer. He had no army, yet kings feared Him. He won no military battles, yet He conquered the world. He did not live in a castle, yet they called Him Lord, He ruled no nations, yet they called Him King, He committed no crime, yet they crucified Him. He was buried in a tomb, yet He lives today. His Name is Jesus and Faith in Him will Save your Soul.
Whoa that's inspiring... a guy who called himself the son of God but not coming back to help people dying, starving, being victims of madness his father is supposed to have created . This sounds like a beautiful story isn't it? how convenient that we are supposed to see the truth once we are reduced to worm food. This is beyond joke that you guys don't understand that religions are a guide not a story to take litterally
@@CuSTACKSyeah but he’s trading gold to do it. Paying a premium with gold instead of paying a premium with dollars. It doesn’t make a ton of sense, but I suspect this man has more than enough money.
@@CuSTACKS when it happens it’s going to be gold backed digital currency. He puts his gold on a card and uses that. I don’t think it’s going to come down to the barter system we don’t want that world. Besides freakin tampons will be worth more than gold 😂😂
Going off body language. And whats not being said. I think; 1 this guy knows something we don't. 2 this guy plans on leaving the country and needs small usable amounts in his travels. 3 This guy is doing some shady stuff and doesn't want it traced back to him. 4 he knows he's not long for this life and plans on breaking it up among his descendants.
Nah. Ifn you want to buy a $10k tractor, I hope you don’t show up with 435 oz of silver lol. Just shown up with 5 oz of gold. Silver is for small purchases like groceries and sub$100 purchases. Gold is to trade for more expensive items. Think of silver as a $1-$5 bill (and the coins) and gold as. $20-$100 bill if I you have it in fractions.
@@TheBajamin yeah I don't consider a $10k purchase a "barter." Like you said it's for smaller daily purchases. Yes, gold would be used to make larger purchases like a vehicle, home or land.
@@garrettelliott2565 I mean the value has nothing to do with the definition of barter. Technically by paying in silver (money) it’s also not bartering. But I understood what you meant.
Seeing some digits on a screen in my bank account? Yes it IS good but it doesn't FEEL like a wad of cash does. A wad of cash FEELS different. But a stack of gold coins or silver? Now THAT is a wonderful feeling.
One of your better videos. I really enjoy the videos where you talk to real people and share their stories,strategies and situations . I would enjoy more “stacker stories “. Well done.
this guy is brilliant. He turned huge profits into a gold product that can legitimately be used as currency and hold it's value and as the price goes up demand for smaller fractional gold will be popular due to the cost. plus, he didn't pay the premium (due to the huge profits he made over 40 yrs), yet now, he will be able to get huge premiums in the future.
A little of his profit could get shaved off by the exchange but he's still way ahead of the original cost, and he's converted it to all to .9999 fine gold in a much more usable size... smart.
I think it's a brilliant move as well. (100x 1g. valcambi combi) premium is not bad, compare it to one 100 g. bar. which you can't use for barter for "smaller" amounts... brilliant move. a solid 100 g. bar is (as low as) $6,417.37. at SDbullion, , and a valcambi "combi ,100g. x1g". is $6,538.25. SD.. makes a ton of sense to me.
I personally wouldn’t trade in my old pre ‘33 gold for Valcambi bars, but Fernando Aguirre, in his book ‘Surviving the Economic Collapse,’ said that after the collapse in Argentina, they were trading with about only fractional gold. He said they were cutting pie shaped pieces out of gold coins and small pieces of wedding bands with metal shears to exchange for cash or goods.
I've read the same sort of comments from people in Venezuela, using gold scrapings to buy food and other necessities. One way to do this would be to use a hand drill to create gold turnings that could be used as payment. Put them in a small envelope and stick it in your pocket. Handling them with tweezers might be good as well. Others have used a link or two from a gold chain necklace. That's handy but gold jewelry has a very high premium.
@@edb3877: One thing is sure, I think. If there are things for sale, people will almost certainly take gold or silver for it, before anything else, except maybe food.
I just recently heard a story about guys in the US during the Great Depression. They would work their tail off all day panning rivers just to get a few specks of gold so they could eat that day. Pretty much same story in Zimbabwe or Somalia, or somewhere in Africa in recent years. I'm thankful we have plentiful amounts of constitutional silver here.
I have to say I'm not a huge fan of the little breakaway bars. The premiums are too high. I think a guy in his position would be better off buying a tube (5 ounces) of 1/10 ounce Eagles if his goal is fractional. Well, at least he didn't exchange it for cash. Thanks, Yankee!
Agreed. Not a fan of bars either and wonder how well they would work as barter money during a SHTF scenario. I have silver for that, so would have kept most of that gold. That was a very nice gold collection, though.
I will never understand why people feel it necessary to constantly insult each other. The man wanted to change how and what he is stacking, and for his own reasons. That does not make him a fool, insane or anything else. It is his stack and he can do what pleases him, and you do what you want with yours. Easy peasy, and no need for judgement.
Here is your answer so that you will never not understand in the future. People insult others on the Internet more than in person because they feel a sense of anonymity and detachment from the person they are communicating with. Additionally, the lack of social cues and nonverbal communication that are present in face-to-face interactions can make it easier for people to say things they might not normally say in person. Additionally, the anonymity of the internet may also allow people to feel emboldened and uninhibited. They may also not feel the same sense of accountability as they would in person.
I don't agree with the customer trading in Coins for Bars. In a barter system economy, people would be skeptical of bars if they didn't know if it was real or counterfeit. With coins, there are designs and features that are hard to counterfeit. I personally, prefer coins over bars. What do you guys think?
Well, he bought them for practically nothing back in the 70's. And he doesn't want to buy big ticket items. He wants smaller denominations for barter and payments for goods and services. Sounds like a sound idea.
It makes sense to the customer for his purposes. If he is expecting a total collapse of the dollar, and we hit a shift scenario, most of the numismatic value will be wiped away by most. So taking the numismatic value of the pre33 gold and transferring it to the combibars is a smart move for his purposes. I am very much a collector and would have never done that myself.
Thanks for another .99999 Fine A+++++ video Yankee and Tim. I open my little shop six days a week yet find myself here at 5:00 AM in the morning watching more coin shop videos and reading all the comments. Guess I can't get enough or birds of a feather flock together....lol. Good people and as always great content. We all are very blessed. Life is good. God Bless
I use a different term for this: "my money, my choice". This is why I never buy one of those special deals where the seller chooses what I will receive... and no, I don't like surprises in financial matters.
Cash is risky ONLY if you keep it in obvious places. Never fear, the art of war is here! Let deception be your friend, hide you cash beneath the trash! Or in a box of cereal, or sealed up and under a garden stone.
Yes, but that's not where the problems are. The problem is with the banks and their sincere dislike of cash. Unlike a lot of people, I don't believe that there is anything nefarious involved in this. Banks know how much money it costs them to ship, store, count, guard, insure, and distribute cash. They don't have that issue with digital currency and not having cash would save them a ton of money. Lots of people like cash, however, so cash lingers in the US in spite of what the banks want. The banks do let us know their opinion on cash by their actions. If I go into a bank and want to deposit cash, them telling me that they "can't meet my needs" would be our last conversation... other than "give me a check for my full balance".
This was good. I love the perspectives offered. 40 years of building those beautiful coins up. He will be prepared for many things with those farctionals.
I switched to generic gold like this whether it be culled coins, 1 gram bars, etc., when I found out that certified gold coins (modern and pre 1932) were the biggest RIPOFF. Buy at a premium and then every dealer lowballs you and tells you that the coin is spotted, scratched, etc.,etc. Now gold is gold and don't care condition. You know what you have by the daily buy/sell price and weight Just the way I like it.
The stack is quite large been a stacker since 2007 but most of it is not in my possession I spread it out in various places. I'm too old to hold lol@@drewmurphy9358
Just love the Tim vids when we get to see the transactions and interactions with the customers. Especially enjoy seeing their decisions and where they end up and what they walk out with.
Gold is my store of value of wealth long term, silver is my barter but I’m holding at present on present values, cash is my present payment method along with barter of whatever I have 😉👍
@@raybans8712then use 90% junk silver for barter. He just lost over 30% of the gold he had before by this trade. In a barter economy there's no way the high premiums on one gram bars would hold up.
Interesting transaction. I don't agree with all of his transaction with his gold, BUT that is his decision. I have always purchased fractional gold because of its flexibility in the future. I have not been a fan of the small "candy" gold bars, but again you stack what makes you comfortable and fits your objective. I respect that.
I've been wondering about this for some time. It seems people make a big fuss about fractional metal. When it comes down to trade and barter time; you need fractional metal; you just cut an ounce into whatever fraction you need. People will become adept at testing gold for content and amount again, because they'll be doing it every day. That's what Americans did when we used Spanish gold and silver coins before we had our own currency. The American colonies used the Spanish silver dollar as the coinage for their time. It was also known as a "piece of eight". That's also why "two bits" is another name for a quarter. Look it up . As far as trade and barter, just cut your bullion coins into sections like they used to do. Probably krugerrands or Gold Eagles would be better to have because they're harder and they don't wear down so easy.
The Valcambi Man has the right mindset. However, 1 oz gold coins are quite barterable for larger scale needs. My motto is: “silver for your food, gold for your life.”
The Government in Canada has already shown their hand when they froze Assets from the Canadian Freedom Convoy. I am reducing my exposure to Fugazi money and the fugazi system. I save in PM and transact in fugazi.
Going all in on those bars is weird. Silver works fine for regular transactions. Gold ounces work for the big things one would buy with it, land, houses, etc.
The people that have the old carburetor cars are going be be driving around laughing at all of us with newer vehicles after China hits us with a EMP!!!
What makes you think our own government wouldn't be the one who EMP it's own country. We are taken over from the inside, heading to a global government and currency .
Yankee, I really like when you visit Tim and share! Last week the bank had no $100 bills and what I received was whatever reciprocated cash they had on hand. It wasn't even in the normal orderly fashion either! They just thru hand fills of cash into the counter and then put in an envelope passed to me. I had to pull over and organize it so that I could count it.. Definitely rose the hair on my kneck. I looked at the teller as she was grabbing the cash from each teller and throwing it in the counter while looking at me shrugging her shoulders. Bosses were there as well.. It truly had me feeling like the end of accessible cash in banks is near? Like you said though "we still get paid in cash or check while our loans, rent ect. can only be paid in cash, check or bank card!
Wow, what kind of "service" was that? Every time I get cash from my local CU, they count the cash themselves and then count it again while I watch them. Never had an issue of bills sticking together or some missing. I like that... a lot. They take good care of my money and that's MUCH appreciated. While I don't knee-jerk trust ANY bank or financial institution, my local CU comes about as close to being trustworthy as I've ever experienced in my life and I am 74 years old. Been a CU customer for 46 years and have never had an issue with them that wasn't easily resolved. Good folks and they have earned my trust, unlike most of the banks with which we've dealt.
Not Good. I always count my cash recd there at counter or sitting in the drive up. The cameras can see me. If my bank just three it on counter or as you noted, I'd tell them to do it right, or get Mgr and let's ha e a discussion. No reason for that type of humbuggery business. Joorah YS and Tim. Keep the good stuff coming.
@@1011Shke I don't leave. I just pulled aside. The cameras were definitely on me the whole time. The managers were watching. Something is up for sure. Who really knows?
@@jeannettebrewer3007 One of the biggest, if not the Biggest! Seriously, the most money flow in the USA. That's all I will say.. Look for CEO cashes in, like a week or two ago. I have a good rapport with my banks. That big bank will be one of or the last one standing since it handles entitlements.
Back about 6 months ago I had to deal with the bank not have enough bills and I got a 1,000 in 50's and another time I was given 500 in 20's. Its literal the most shaking your head question. I never leave more money in the bank than what I need to till the next deposit.
Hi Yankee, I went to my bank in Australia yesterday to deposit cash. They wouldn't take it over the counter, I had to use an ATM, which had a daily deposit limit of $9,999. I can not withdraw more than $2,000 in cash or automatic payment per day, System is rigged to seperate you from your money
Where your country is now is where I believe the US is headed. Eventually, they want to do away with all paper currencies and take us all into a Central Bank Digital Currency (CBDC).
Think about it.... the $100.00 bill is going to be phased out very soon. Once that is gone, digital will follow rapidly. India phased out a bill and reintroduced a different value, just to find out how much cash was being held outside of the banking system.
Fractional gold will always be used in time of economic crisis for currency. In the late 70s there were gas stations that would trade a gallon of gasoline for a pre 64 dime for its silver content. I think it is a mistake not to diversify your silver and gold holdings. The gentleman is correct in that it will be harder to find someone to take ounce or greater gold for everyday goods.
Wow! One of your Best vlogs I've seen Yankee! ALWAYS an eye opener to see folks talk about cash. Interesting amount of gold there. I guess trading coins for bars is no taxable or reportable transaction? Thats the stuff I THINK folks are really interested in. And the crazy banks and cash thing. Insane! Thumbs up!
Imagine spending decades stacking gold coins, having 10's of thousands of dollars there... just to lose thousands of dollars on CombiBars... his theory isnt wrong, however, the chances of this man living long enough to be in a world of bartering situations, is super low. He should take all that gold, use it as profit and enjoy the rest of his life. Thats enough to purchase a stash of ammo and weapons if hes genuinely worried about his future.
I always love these videos with Tim. Ive been wanting to call his shop just to say ive bought something from him. Heck id be happy just to have one gram of gold, but i scored a handful of copper pennies today so good enuf 😁
I'm new to stacking trying to do it right and not do it compulsively but I like to he seems trustworthy from what I've seen and he just seems to have a reputable business that is so hard to find these days I need to drive up there and see him one day
In a deflationary environment it will. Ever wonder why the Fed is committed to maintaining an inflationary environment? Because deflation is much worse.
I have watched this about four or five times and I gotta say this guy was awesome and Yankee's questions were the same. This is one of my favorite Tim videos. You know, the guy had the vision to buy gold for 40 years, I think he has the vision for the next gold..divisible.
I bought the majority of mu fractional gold years ago. When i buy gold now its 1 oz coins, ASEs and Buffalos primarily, maybe 1/2 oz depending on my liquidity at the time and catching a sale on 1/2s.
A better move was switching this to silver and when the gold/silver ratio gets in favor of silver(what it will be big time) switch back and buy the same amount of gold back.
I once tried to give 100 dollar bills to federal reserve across from Philly mint. I was after rolls of quarters. They could not accept and sent me to 7 - 11 for change? I was not happy and I think my wife thought she was going to have to post bail!
Went to my local guy an got bamboozled as well so back to the SD bullion it is. I wanted to see what he would sell me silver for an now I know the true color. Won't be going to him anymore.
I dont think we know all of the story here. I think he is going to use this now to conduct some kind of business. He sold a business for cash and he may be tired of paying this corrupt government money so they can steal and blow it. Folks are getting enough.
Superb. Loved this video. Sensible, trustworthy, knowledgable people having a chuckle about the banks and their strange ways. We should all think of banks like this. And doctors, and education. Once you can think for yourself you are free. I’d keep gold coins as I would use them to buy expensive stuff like property.
I actually bartered one of my 1 oz Gold coins to buy and have butchered some beef. I knew the guy and he mentioned if I wanted to trade. Worked out well. My freezers are stocked!!!
"40 some years later, still married" that is the response i would have completely expected right after he said no she did not give him a hard time, that's because a couple that invests together or respects good investment decisions the other one makes stays together, they have become a team, the ones who fight tooth and nail about money do not. just my opinion after 37 years together with my wife that has been 100% supportive of my real estate, pm's, stocks etc. as well as a couple good decisions on her part as well, we have watched other couples invest in nothing, save nothing and fight about money thru the years typically resulting in a split. cheers
Dunno, my credit union loves me and pays me over 5% on my cash. Sure, got some silver and gold, but my productive real estate is my best inflation hedge. Production of basic needs (food in my case) has worked out quite well.
To have a small spendable stack of gold and silver is prudent. I think my primary barter would be things like whiskey, coffee, surplus chicken, surplus eggs, and any other staple that fits my lifestyle. Probably trade my skill as much as possible. My ambitions are simple and I have no idea what more sophisticated lifestyles might require in the preparedness department.
Agreed. Profile this dude. Older, wealthy and has a spouse he loves dearly. He realizes he's in a spot if things get wild. His skills department probably isn't that practical and he's operating from a perspective of a bit of fear. He's got stored wealth and gotta hope the likes of someone like you would agree to a barter. Truth be told, he should just take up beekeeping, the honey would be practically as good as those gram bars he's buying, but this dude's best days are behind him and he knows he's looking at choking on them gold coins.
As an older gentleman myself , it sure is nice to watch a couple of experienced men graciously and respectfully exchange ideas and life experiences in such a well-mannered way...this kind of neighborly conversation has become a rarity since the advent of "social" media !!
How can I get a price on a roll of those talents.
@@CAPT1933 I agree...they were really cool looking !!
The Greatest Man in History ; Had no servants, yet they called Him Master. Had no degree, yet they called Him Teacher. Had no medicines, yet they called Him Healer. He had no army, yet kings feared Him. He won no military battles, yet He conquered the world. He did not live in a castle, yet they called Him Lord, He ruled no nations, yet they called Him King, He committed no crime, yet they crucified Him. He was buried in a tomb, yet He lives today. His Name is Jesus and Faith in Him will Save your Soul.
Amen!
Whoa that's inspiring... a guy who called himself the son of God but not coming back to help people dying, starving, being victims of madness his father is supposed to have created . This sounds like a beautiful story isn't it? how convenient that we are supposed to see the truth once we are reduced to worm food. This is beyond joke that you guys don't understand that religions are a guide not a story to take litterally
Amen!!
J lies for the gentiles
Love that
I'm sorry but that guy's nuts for getting rid of his Pre-33 gold
Definitely he’s gonna pay for a higher premiums for 1 g bars
Definitely he’s gonna pay for a higher premiums for 1 g bars
@@CuSTACKSyeah but he’s trading gold to do it. Paying a premium with gold instead of paying a premium with dollars. It doesn’t make a ton of sense, but I suspect this man has more than enough money.
what else is it for?
@@CuSTACKS when it happens it’s going to be gold backed digital currency. He puts his gold on a card and uses that. I don’t think it’s going to come down to the barter system we don’t want that world. Besides freakin tampons will be worth more than gold 😂😂
The guy is over-thinking it. Buy 1/4 eagles and silver eagles, add constitutional and he’s done.
Going off body language. And whats not being said. I think; 1 this guy knows something we don't. 2 this guy plans on leaving the country and needs small usable amounts in his travels. 3 This guy is doing some shady stuff and doesn't want it traced back to him. 4 he knows he's not long for this life and plans on breaking it up among his descendants.
And silver for Pete’s sake
@@danielp4507 I think he's buying these for his kids and has plenty more gold coins at home
@@danielp4507if he’s doing all that.. why’s he willingly on camera?
Silver is for barter, gold is for preservation.
Nah. Ifn you want to buy a $10k tractor, I hope you don’t show up with 435 oz of silver lol. Just shown up with 5 oz of gold. Silver is for small purchases like groceries and sub$100 purchases. Gold is to trade for more expensive items. Think of silver as a $1-$5 bill (and the coins) and gold as. $20-$100 bill if I you have it in fractions.
@@TheBajamin yeah I don't consider a $10k purchase a "barter." Like you said it's for smaller daily purchases. Yes, gold would be used to make larger purchases like a vehicle, home or land.
@@garrettelliott2565 I mean the value has nothing to do with the definition of barter. Technically by paying in silver (money) it’s also not bartering. But I understood what you meant.
was true in the old days before the electronics industry discovered silver for them and their demand is SOOOOo high right now ! solar panels and so on
The premium on those combi bars are ridiculous
Not when compared to fractional Eagles...
And?
Last week on sd bullion those combi bars had a lower premium than gold eagles and nobody complains about gold eagles premiums
Seeing some digits on a screen in my bank account? Yes it IS good but it doesn't FEEL like a wad of cash does. A wad of cash FEELS different. But a stack of gold coins or silver? Now THAT is a wonderful feeling.
One of your better videos. I really enjoy the videos where you talk to real people and share their stories,strategies and situations . I would enjoy more “stacker stories “. Well done.
this guy is brilliant. He turned huge profits into a gold product that can legitimately be used as currency and hold it's value and as the price goes up demand for smaller fractional gold will be popular due to the cost. plus, he didn't pay the premium (due to the huge profits he made over 40 yrs), yet now, he will be able to get huge premiums in the future.
Very good point; I think you’re spot on!
A little of his profit could get shaved off by the exchange but he's still way ahead of the original cost, and he's converted it to all to .9999 fine gold in a much more usable size... smart.
I think it's a brilliant move as well. (100x 1g. valcambi combi) premium is not bad, compare it to one 100 g. bar. which you can't use for barter for "smaller" amounts... brilliant move. a solid 100 g. bar is (as low as) $6,417.37. at SDbullion, , and a valcambi "combi ,100g. x1g". is $6,538.25. SD.. makes a ton of sense to me.
Disagree....silver for barter.. gold for wealth transfer
@@skiman4492 I have valcambi 1g and 10g for that.
I personally wouldn’t trade in my old pre ‘33 gold for Valcambi bars, but Fernando Aguirre, in his book ‘Surviving the Economic Collapse,’ said that after the collapse in Argentina, they were trading with about only fractional gold. He said they were cutting pie shaped pieces out of gold coins and small pieces of wedding bands with metal shears to exchange for cash or goods.
I've read the same sort of comments from people in Venezuela, using gold scrapings to buy food and other necessities. One way to do this would be to use a hand
drill to create gold turnings that could be used as payment. Put them in a small envelope and stick it in your pocket. Handling them with tweezers might be good
as well. Others have used a link or two from a gold chain necklace. That's handy but gold jewelry has a very high premium.
@@edb3877: One thing is sure, I think. If there are things for sale, people will almost certainly take gold or silver for it, before anything else, except maybe food.
I just recently heard a story about guys in the US during the Great Depression. They would work their tail off all day panning rivers just to get a few specks of gold so they could eat that day. Pretty much same story in Zimbabwe or Somalia, or somewhere in Africa in recent years. I'm thankful we have plentiful amounts of constitutional silver here.
In Argentina right now people are using granulated gold to make purchases .I would go with silver personally.
I live in British Columbia I'm thinking of trying gold panning this spring .price is pretty much at a record .
What a wonderful video. Its great the customer let you film the process.
Silver is change for gold!
Never heard that. Makes so much cents
I have to say I'm not a huge fan of the little breakaway bars. The premiums are too high. I think a guy in his position would be better off buying a tube (5 ounces) of 1/10 ounce Eagles if his goal is fractional. Well, at least he didn't exchange it for cash. Thanks, Yankee!
Agreed. Not a fan of bars either and wonder how well they would work as barter money during a SHTF scenario.
I have silver for that, so would have kept most of that gold. That was a very nice gold collection, though.
I agree, would not want the bars.
Just buy silver if you are going to do this. 😂😂😂😂 Gold is for storing larger amounts of wealth.
The US Mint needs to get with it and make a 1/10 oz .999 coin.
Great video, I'm from the UK and just leaving philidelphia. Next time I'm here I want to make a trip to see Tim
I will never understand why people feel it necessary to constantly insult each other. The man wanted to change how and what he is stacking, and for his own reasons. That does not make him a fool, insane or anything else. It is his stack and he can do what pleases him, and you do what you want with yours. Easy peasy, and no need for judgement.
💯👍🏽
💯
Here is your answer so that you will never not understand in the future. People insult others on the Internet more than in person because they feel a sense of anonymity and detachment from the person they are communicating with. Additionally, the lack of social cues and nonverbal communication that are present in face-to-face interactions can make it easier for people to say things they might not normally say in person. Additionally, the anonymity of the internet may also allow people to feel emboldened and uninhibited. They may also not feel the same sense of accountability as they would in person.
I love the personalities that walk in. The stacker crowd is a good and interesting bunch. Never boring. Thanks Yankee and Tim. 🙌👑
I don't agree with the customer trading in Coins for Bars. In a barter system economy, people would be skeptical of bars if they didn't know if it was real or counterfeit. With coins, there are designs and features that are hard to counterfeit. I personally, prefer coins over bars. What do you guys think?
Coins > Bars. There are some bars with counterfeit features. I like the Argor Heraeus Kinebars for their hologram.
Agree and for the same reasons. 👍
Well in a barter situation where you need a loaf of bread you don't want to shave little pieces of Gold or Silver off a coin to buy it
@@refinishmasterexactly this, that’s why I’ve started buying them
@@refinishmaster Thats why when I began stacking I started with silver dimes that will be enough to pay for a loaf of bread or a gal Milk.
Tim is crushing it.
This feels like a horrible decision.
Why preytell besides the obvious premium please explain
Well, he bought them for practically nothing back in the 70's. And he doesn't want to buy big ticket items.
He wants smaller denominations for barter and payments for goods and services. Sounds like a sound idea.
I totally understand this man’s logic. I have some of these as well.
It makes sense to the customer for his purposes. If he is expecting a total collapse of the dollar, and we hit a shift scenario, most of the numismatic value will be wiped away by most. So taking the numismatic value of the pre33 gold and transferring it to the combibars is a smart move for his purposes. I am very much a collector and would have never done that myself.
Thanks for another .99999 Fine A+++++ video Yankee and Tim. I open my little shop six days a week yet find myself here at 5:00 AM in the morning watching more coin shop videos and reading all the comments. Guess I can't get enough or birds of a feather flock together....lol. Good people and as always great content. We all are very blessed. Life is good. God Bless
That’s dumb 🤦🏻♂️ in my opinion. To each their own.
I use a different term for this: "my money, my choice". This is why I never buy one of those special
deals where the seller chooses what I will receive... and no, I don't like surprises in financial matters.
Cash is risky, we all know, but all the gold and silver dealers take cash, which seems like the normal for the last 20 years.
Cash is risky ONLY if you keep it in obvious places. Never fear, the art of war is here! Let deception be your friend, hide you cash beneath the trash! Or in a box of cereal, or sealed up and under a garden stone.
Yes, but that's not where the problems are. The problem is with the banks and their sincere dislike of cash. Unlike a lot of people, I don't believe that
there is anything nefarious involved in this. Banks know how much money it costs them to ship, store, count, guard, insure, and distribute cash. They
don't have that issue with digital currency and not having cash would save them a ton of money. Lots of people like cash, however, so cash lingers in
the US in spite of what the banks want. The banks do let us know their opinion on cash by their actions. If I go into a bank and want to deposit cash,
them telling me that they "can't meet my needs" would be our last conversation... other than "give me a check for my full balance".
@@edb3877 I agree I would be finished and I think this guy is too.
But the dealers need cash to pay for people selling.
I agree with you all. Facts!
Love listening to Tim! Not sure I would make that particular deal, but we all have our reasons!
love these videos ty for sharing them Yankee well appreciated
He is Blessed!
1970 Formula 1 Matra, Screaming 12 cylindre engine ! The symphony of the Golden Era for motorsports.
As a French, i totally agree with Mr Tim ! 🙂
Those words were GOLDEN! " who's taking the risk?"
This was good. I love the perspectives offered.
40 years of building those beautiful coins up.
He will be prepared for many things with those farctionals.
And building Tim's net worth at the detriment of his own by doing the exchange
I switched to generic gold like this whether it be culled coins, 1 gram bars, etc., when I found out that certified gold coins (modern and pre 1932) were the biggest RIPOFF. Buy at a premium and then every dealer lowballs you and tells you that the coin is spotted, scratched, etc.,etc. Now gold is gold and don't care condition. You know what you have by the daily buy/sell price and weight Just the way I like it.
I enjoyed this customer and his stash!!
I think he's making a big mistake, especially that much . I'd maybe do 2 or 3 coins, but not that many.
Premiums are quite high on fractional Gold and Silver. More than a coin that doesn't make sense but I understand why
I would have kept the onzas and the BU saint gaudens. Gold coins like those in gem grade keep going up in price.
Depends on how big his stack is
Id keep the pre33
The stack is quite large been a stacker since 2007 but most of it is not in my possession I spread it out in various places. I'm too old to hold lol@@drewmurphy9358
Just love the Tim vids when we get to see the transactions and interactions with the customers. Especially enjoy seeing their decisions and where they end up and what they walk out with.
Gold is my store of value of wealth long term, silver is my barter but I’m holding at present on present values, cash is my present payment method along with barter of whatever I have 😉👍
Tim is so happy when he sees you! Just wonderful!❤
Isn’t he walking away with less gold than he came in with? Why not just get silver or 1/10 ounces instead? To each their own, I guess.
1/10 is still to high for bartering for food
I swear I can’t figure this out! To each his own it’s his choice but I’m just straight up confused.
@@raybans8712then use 90% junk silver for barter. He just lost over 30% of the gold he had before by this trade. In a barter economy there's no way the high premiums on one gram bars would hold up.
@@raybans8712 it depends, not if you buy enough food. It's only $200.
Interesting transaction. I don't agree with all of his transaction with his gold, BUT that is his decision. I have always purchased fractional gold because of its flexibility in the future. I have not been a fan of the small "candy" gold bars, but again you stack what makes you comfortable and fits your objective. I respect that.
Now this Yankee is content. Loved every single moment.
I've been wondering about this for some time. It seems people make a big fuss about fractional metal. When it comes down to trade and barter time; you need fractional metal; you just cut an ounce into whatever fraction you need. People will become adept at testing gold for content and amount again, because they'll be doing it every day.
That's what Americans did when we used Spanish gold and silver coins before we had our own currency. The American colonies used the Spanish silver dollar as the coinage for their time. It was also known as a "piece of eight". That's also why "two bits" is another name for a quarter.
Look it up .
As far as trade and barter, just cut your bullion coins into sections like they used to do. Probably krugerrands or Gold Eagles would be better to have because they're harder and they don't wear down so easy.
The Valcambi Man has the right mindset. However, 1 oz gold coins are quite barterable for larger scale needs. My motto is: “silver for your food, gold for your life.”
Love Tim but can you tell him to turn down phone ringer during video...
I will.
Another great video with interesting content as always with Tim!
Great video. This gentleman needs to know about the UPMA! The best way to spend gold.
The Government in Canada has already shown their hand when they froze Assets from the Canadian Freedom Convoy. I am reducing my exposure to Fugazi money and the fugazi system. I save in PM and transact in fugazi.
Great video Yankee and Tim!
I bought the combi bars in silver and gold. I was told I was stupid and overpaid. This makes me feel better. :)
Going all in on those bars is weird. Silver works fine for regular transactions. Gold ounces work for the big things one would buy with it, land, houses, etc.
I know of a gentleman that exchanged 2 ×1 kg gold bars for 1800×1g perth mint bars.
He lost 200 grams of gold wow
Banks are the rock solid backbone of America. Gotta love Tim's take on things, especially our corrupt government.
Yeah, that was hilarious! Great comment, Tim. The sarcasm was palpable. 😀
Oh man... this dude is losing so much value. He paid so little for that gold, why not use cash for combi? Makes me sick to think of what he just lost
The people that have the old carburetor cars are going be be driving around laughing at all of us with newer vehicles after China hits us with a EMP!!!
What makes you think our own government wouldn't be the one who EMP it's own country. We are taken over from the inside, heading to a global government and currency .
Gas pumps won’t work after EMP
Siphoning out of a gas tank will.
I'd say no smaller than 1/10th ounce is good.
Yankee, I really like when you visit Tim and share! Last week the bank had no $100 bills and what I received was whatever reciprocated cash they had on hand. It wasn't even in the normal orderly fashion either! They just thru hand fills of cash into the counter and then put in an envelope passed to me. I had to pull over and organize it so that I could count it.. Definitely rose the hair on my kneck. I looked at the teller as she was grabbing the cash from each teller and throwing it in the counter while looking at me shrugging her shoulders. Bosses were there as well.. It truly had me feeling like the end of accessible cash in banks is near? Like you said though "we still get paid in cash or check while our loans, rent ect. can only be paid in cash, check or bank card!
Wow, what kind of "service" was that? Every time I get cash from my local CU, they count the cash themselves and then count it again while I watch them.
Never had an issue of bills sticking together or some missing. I like that... a lot. They take good care of my money and that's MUCH appreciated. While I
don't knee-jerk trust ANY bank or financial institution, my local CU comes about as close to being trustworthy as I've ever experienced in my life and I am
74 years old. Been a CU customer for 46 years and have never had an issue with them that wasn't easily resolved. Good folks and they have earned my
trust, unlike most of the banks with which we've dealt.
Not Good. I always count my cash recd there at counter or sitting in the drive up. The cameras can see me. If my bank just three it on counter or as you noted, I'd tell them to do it right, or get Mgr and let's ha e a discussion. No reason for that type of humbuggery business. Joorah YS and Tim. Keep the good stuff coming.
@@1011Shke I don't leave. I just pulled aside. The cameras were definitely on me the whole time. The managers were watching. Something is up for sure. Who really knows?
What bank are you talking about?
@@jeannettebrewer3007 One of the biggest, if not the Biggest! Seriously, the most money flow in the USA. That's all I will say.. Look for CEO cashes in, like a week or two ago. I have a good rapport with my banks. That big bank will be one of or the last one standing since it handles entitlements.
Too risky because they know *_CASH IS ABOUT TO CRASH!!!_* And the don't want to be left holding a boat load of *_WORTHLESS CASH!_*
Back about 6 months ago I had to deal with the bank not have enough bills and I got a 1,000 in 50's and another time I was given 500 in 20's. Its literal the most shaking your head question. I never leave more money in the bank than what I need to till the next deposit.
Hi Yankee, I went to my bank in Australia yesterday to deposit cash. They wouldn't take it over the counter, I had to use an ATM, which had a daily deposit limit of $9,999. I can not withdraw more than $2,000 in cash or automatic payment per day, System is rigged to seperate you from your money
YIKES‼️
Where your country is now is where I believe the US is headed. Eventually, they want to do away with all paper currencies and take us all into a Central Bank Digital Currency (CBDC).
I have the same problem with withdrawing cash. Daily limit at my bank is $1000.
Australia is all you had to say. The UK and all the Commonwealth are long gone bro. WEF owned in full now.
Think about it.... the $100.00 bill is going to be phased out very soon. Once that is gone, digital will follow rapidly. India phased out a bill and reintroduced a different value, just to find out how much cash was being held outside of the banking system.
Tim is like a friend of mine. I would learn so much just by listening,😊
Fractional gold will always be used in time of economic crisis for currency. In the late 70s there were gas stations that would trade a gallon of gasoline for a pre 64 dime for its silver content. I think it is a mistake not to diversify your silver and gold holdings. The gentleman is correct in that it will be harder to find someone to take ounce or greater gold for everyday goods.
If shite went down and we had to barter gold and silver people would cut them up.
Love the interactions between you and Tim
Wow! One of your Best vlogs I've seen Yankee! ALWAYS an eye opener to see folks talk about cash. Interesting amount of gold there. I guess trading coins for bars is no taxable or reportable transaction? Thats the stuff I THINK folks are really interested in. And the crazy banks and cash thing. Insane! Thumbs up!
Imagine spending decades stacking gold coins, having 10's of thousands of dollars there... just to lose thousands of dollars on CombiBars... his theory isnt wrong, however, the chances of this man living long enough to be in a world of bartering situations, is super low. He should take all that gold, use it as profit and enjoy the rest of his life. Thats enough to purchase a stash of ammo and weapons if hes genuinely worried about his future.
personally i think ammo and guns have better barter value to lol
He probably has ammo
He didn’t lose thousands of anythinh
When you trade in gold you don’t “lose” much. At most he paid a 5-% premium
Or, he could buy a Ford Fusion…
I always love these videos with Tim. Ive been wanting to call his shop just to say ive bought something from him. Heck id be happy just to have one gram of gold, but i scored a handful of copper pennies today so good enuf 😁
I love this guy's story.
I'm new to stacking trying to do it right and not do it compulsively but I like to he seems trustworthy from what I've seen and he just seems to have a reputable business that is so hard to find these days I need to drive up there and see him one day
Me too. Not a newbie but I started stacking again after a 25 years hiatus and hearing the horror our government is doing to finances.
Always interesting, Thanks
I talked about cash in one of my videos, cash always loses its value eventually no matter what, silver and gold do not. -DS
In a deflationary environment it will. Ever wonder why the Fed is committed to maintaining an inflationary environment? Because deflation is much worse.
Thanks Yankee!!!! 😎
I have watched this about four or five times and I gotta say this guy was awesome and Yankee's questions were the same. This is one of my favorite Tim videos. You know, the guy had the vision to buy gold for 40 years, I think he has the vision for the next gold..divisible.
Love watching you guys. Fun atmosphere and always learning more about Gold & Silver.
Need to pick up some of those Kingdom Talents from Tim for Christmas gifts
I bought the majority of mu fractional gold years ago. When i buy gold now its 1 oz coins, ASEs and Buffalos primarily, maybe 1/2 oz depending on my liquidity at the time and catching a sale on 1/2s.
A better move was switching this to silver and when the gold/silver ratio gets in favor of silver(what it will be big time) switch back and buy the same amount of gold back.
Goldbacks are what this guy is looking for
I would have kept the pre 33 ..traded the rest for 1 gr maples.They come on a card of 25.
I once tried to give 100 dollar bills to federal reserve across from Philly mint. I was after rolls of quarters. They could not accept and sent me to 7 - 11 for change? I was not happy and I think my wife thought she was going to have to post bail!
I wonder if they came from the Philly mint?
@@Useless_Knowledge07 they only mint coins at the Philly mint.
@@toddheyns3856 I did read last week or so that there was counterfeit $100 notes in Philly?
Went to my local guy an got bamboozled as well so back to the SD bullion it is. I wanted to see what he would sell me silver for an now I know the true color. Won't be going to him anymore.
@@go4it129 TOO MUCH OVERHEAD TO HAVE COMPETITIVE PRICES?! u gotta be kidding me lol
Transaction costs/swapping out costs are ridiculous. Hate to see people blow that much
Bought over 40 years, I think he is OK with his situation - below $800, Wow!
I dont think we know all of the story here. I think he is going to use this now to conduct some kind of business. He sold a business for cash and he may be tired of paying this corrupt government money so they can steal and blow it. Folks are getting enough.
@albing1397 he said a couple he paid 30 bucks. Haha
Superb. Loved this video. Sensible, trustworthy, knowledgable people having a chuckle about the banks and their strange ways. We should all think of banks like this. And doctors, and education. Once you can think for yourself you are free. I’d keep gold coins as I would use them to buy expensive stuff like property.
Love the channel
I trust Tim and you yankee! Love how the man and Tim agreed on the exchange.
Excellent video with tons of underlying information.
I brought some of those from SD Bullion .
Thanks for sharing your knowledge Tim..
I actually bartered one of my 1 oz Gold coins to buy and have butchered some beef. I knew the guy and he mentioned if I wanted to trade. Worked out well. My freezers are stocked!!!
That's the way to do it!
Awesomeness gentlemen 😊❤
"40 some years later, still married" that is the response i would have completely expected right after he said no she did not give him a hard time, that's because a couple that invests together or respects good investment decisions the other one makes stays together, they have become a team, the ones who fight tooth and nail about money do not. just my opinion after 37 years together with my wife that has been 100% supportive of my real estate, pm's, stocks etc. as well as a couple good decisions on her part as well, we have watched other couples invest in nothing, save nothing and fight about money thru the years typically resulting in a split. cheers
I LOVE the idea of 1 g. Bars of precious metals for bartering!
Nice snag on the silver tube Yankee 👌🏽
The premium on valcambi bars is insane! I bought 2 sheets and will never do that again.
loved that customers story. super smart.
In these conditions Cash is King! 👑
cash is becoming less and less all working towards central (fed reserve ) bank plan.
Dunno, my credit union loves me and pays me over 5% on my cash. Sure, got some silver and gold, but my productive real estate is my best inflation hedge. Production of basic needs (food in my case) has worked out quite well.
Tim, sarcasm as thick as saltwater taffy...
I keep waiting and waiting for the metals to pop I thought week ago this was the ticket but let down again very disappointing.
Got the gram Cambi bars. It's like 3 ounces, so...
A Talent's weight is approximately 70 lbs in weight! Those must be mini Talents!
Awesome video, Yankee! 🇺🇲
My silver is for my smaller purchases. Gold would be for much larger transactions!!
Im not going to question a guy that stacked that much gold, over all that time.
To have a small spendable stack of gold and silver is prudent. I think my primary barter would be things like whiskey, coffee, surplus chicken, surplus eggs, and any other staple that fits my lifestyle. Probably trade my skill as much as possible. My ambitions are simple and I have no idea what more sophisticated lifestyles might require in the preparedness department.
Agreed. Profile this dude. Older, wealthy and has a spouse he loves dearly. He realizes he's in a spot if things get wild. His skills department probably isn't that practical and he's operating from a perspective of a bit of fear. He's got stored wealth and gotta hope the likes of someone like you would agree to a barter. Truth be told, he should just take up beekeeping, the honey would be practically as good as those gram bars he's buying, but this dude's best days are behind him and he knows he's looking at choking on them gold coins.