Ep.7 Season 2 - Buy and Sell Gold and Silver - How It Works and Expert Tips

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  • Опубликовано: 2 окт 2024

Комментарии • 297

  • @petebusch9069
    @petebusch9069 Год назад +11

    I would love to see a video explaining how much the market needs to rise to cover all the costs of buying and selling. We pay a premium, shipping, and then will most likely get a low price when selling.

    • @tannerwhitney25
      @tannerwhitney25 7 месяцев назад

      i see it as a long term investment, something you can pass on to your children when you die & have physical currency other than paper.
      hope all is well🔑

  • @pinnacleplumbing7170
    @pinnacleplumbing7170 4 года назад +11

    You snooze, you lose. Spot price and futures are the tail wagging the dog. Bullion prices are the one true indicator for silver's real price per supply and demand... $20 an ounce at least right now and dealers are happy to pay you $18 a bullion ounce.... Better late to the party than not showing up at all. @ $20 an ounce...still looking @ a potential 2X earnings...maybe more IMO

  • @JohnDoe-zl6ph
    @JohnDoe-zl6ph 3 года назад +29

    I'd love to have the stack to the left of him! 😂

  • @RegulusVi
    @RegulusVi 3 года назад +5

    One thing you did not mention about storing coins. Many people say that you must never ever touch the coins with your bare hands, otherwise they will lose value.
    What can you say about it? Should we keep the coins sealed in their original packaging for decades?

  • @chrism7275
    @chrism7275 4 года назад +19

    I have 35% of my total assets in gold because very simply there has been nothing else to buy.

    • @jondough7823
      @jondough7823 4 года назад +3

      35% is perfectly fine IMHO, I'm not a financial advisor or anything and am only holding roughly 10% in PM's but would like to increase that to 15%-20% over time. I don't believe there is a perfect number for everyone, and many people don't even believe it's a smart financial move to own gold/silver as they may be all about generating cash flow. I obviously disagree with that and feel that gold and silver should make up at least a small portion of anyone's portfolio but who am I to tell anyone how to invest their money. Although, I certainly wouldn't say there is nothing else to buy! You only mentioned gold as well, but what about silver, platinum, etc. as far as other metals go? Not to mention that many securities have outperformed gold by huge margins. I suppose buying stocks is much more of a risk, but many other investments have significantly outperformed gold as well. Of course, I don't know what your other 65% includes, but hey to each their own! I am just thankful that I got into buying PM's, although I wish I started much sooner, I plan to use my earnings from other investments to continue buying more metals though, especially now, where the stock/housing market's days are numbered until they come crashing down and I believe PM"s will see massive price increases. Anyways, no disrespect or anything intended, I was just curious!

  • @packleader1215
    @packleader1215 3 года назад +32

    "Guard my 1 oz coin with your life"

  • @shafserious2805
    @shafserious2805 4 года назад +6

    Im 90% all in Gold.
    No debt
    Some cash
    Some savings.
    Bring on the crash!
    I definately dont want hand outs from the government!
    Dont insure your gold just make sure you got a weapon that you are willing to use if some asshole tries it!

    • @Theonetruegod-hw2ei
      @Theonetruegod-hw2ei 4 года назад +2

      Shaf Serious you sound like a threat to yourself and people around you.

    • @MrTbiollo
      @MrTbiollo 4 года назад +1

      @@Theonetruegod-hw2ei he sounds like a person who protects what he owns from the hands of thieves. What's wrong with that?

    • @Theonetruegod-hw2ei
      @Theonetruegod-hw2ei 4 года назад

      MrTbiollo sure call it what you want.

    • @MrTbiollo
      @MrTbiollo 4 года назад

      @@Theonetruegod-hw2ei That is one truly lame answer to a very simple question. Please try again without wasting more keystrokes.

    • @Theonetruegod-hw2ei
      @Theonetruegod-hw2ei 4 года назад

      MrTbiollo I call you a threat. Plain and simple.

  • @Carolinapetroska
    @Carolinapetroska 6 месяцев назад +1

    Wouldn't it be smarter to biy abroad where the sale's tax is much less than the French one for instance?

  • @BitBoyCryptoChannel-
    @BitBoyCryptoChannel- 3 года назад +3

    beginning to end. Nevertheless, businesses and investment are the easiest way to make money irrespective of which party makes it to the oval office.

  • @petebusch9069
    @petebusch9069 Год назад +1

    I feel like selling will be a total pain in the butt and will be up against the used car salesman trying to get a fair price and whatever item I bring in will magically fall into that undesirable category for whatever reason they make up. Right now this is the number one thing holding me back from buying. Everybody talks about they buying process with not much on selling.

  • @nillynush4899
    @nillynush4899 4 года назад +10

    Awaiting the Great Fiat Scheme Collapsing

    • @liqurmeup
      @liqurmeup 4 года назад +3

      It will never happen. The whole world deals in debt. That's just the way it is and will be.

  • @firearmsstudent
    @firearmsstudent 4 года назад +2

    How much do you pay over/under spot for 1 kilo, 10 oz, 5 oz and 1 oz gold bars? How about for American Gold Eagles versus Buffaloes?

  • @andrewwald6504
    @andrewwald6504 4 года назад

    Hi Mark, why not take delivery from comex gold futures? This should have the smallest premium.

  • @startupsavages
    @startupsavages 6 месяцев назад +1

    Great breakdown, love this investment option! #staysavage

  • @vocbuild6510
    @vocbuild6510 2 года назад +1

    Lol, visit your metals..

  • @rage9667
    @rage9667 3 года назад +2

    Ali baba 😂😂

  • @LatimusChadimus
    @LatimusChadimus 3 года назад +4

    Sometimes I wish copper was considered precious

    • @77898
      @77898 3 года назад +2

      Won't be long and it will be😄

  • @PeacefulJoint
    @PeacefulJoint 3 года назад +2

    Oy veh look at that nose

  • @joeldoxtator9804
    @joeldoxtator9804 4 года назад +11

    Stacking dollars until the premiums come down.

    • @ahmadboudhak9369
      @ahmadboudhak9369 4 года назад +2

      Might never happen

    • @joeldoxtator9804
      @joeldoxtator9804 4 года назад +4

      @Gold Stacking There are other physical assets to invest in other than metals. If the inflation gets worse before the premiums get better I'll just stack something else of value. I won't be scalped by metal dealers.

    • @firearmsstudent
      @firearmsstudent 4 года назад +1

      @Gold Stacking The inflationary pressure of new money creation is being offset by the current extreme deflationary pressure in the market

    • @geckster109
      @geckster109 4 года назад +1

      You're not being scalped. Are you selling any of your stack at spot right now? So why would they?

    • @well.thy.one.
      @well.thy.one. 4 года назад

      geckster109 right its just what demand warrants.
      If someone is willing to pay me $18 for a silver buffalo am i going insist on $15 because thats what spot shows?

  • @USMCButtons
    @USMCButtons 4 года назад +3

    If someones keeping any precious metals under their bed then I doubt they're really investing in precious metals. Under $10,000 is kinda ridiculous to say, if a person is stacking precious metals I bet they have a safe and wouldn't really trust someone else to hold onto something tangible like that.

    • @LawrenceTimme
      @LawrenceTimme 4 года назад +4

      @w you say that, but tbh hiding say 1oz gold coins in different areas of your house could be much more effective than a safe. If you keep it all in a safe, they know straight away where the bulk of the metal is. They might be able to get into in in an hour or two and taking everything, if you hide bits here and there, they might think after they find the first bit that that is it, it can take longer to look than to break the safe sometimes.

    • @USMCButtons
      @USMCButtons 4 года назад

      w Never said you should wait on purchasing a decent safe or wait to buy 10k+ precious metals. They are both investments, so I would recommend buying a nice safe and then the metals. I intend on having much more the 10k in my safe. I’m willing to take this chance though, so ultimately it will be up to you where you store your precious metals. Hope this helps.

    • @USMCButtons
      @USMCButtons 4 года назад

      Lawrence Timme I agree with this as well, getting creative is never the wrong thing to do unless it’s a dumb idea.

  • @codycast
    @codycast 4 года назад +2

    No more than 10,000 at home? Weak sauce bro. I have about $1m at home :-)

    • @STEVEARABIA1
      @STEVEARABIA1 4 года назад

      codycast of course he recommends that, they make money storing them for people.

  • @giselelombard1225
    @giselelombard1225 3 года назад +1

    why are some bars of silver more expensive than others if they all weigh the same?

  • @Juan_Doooh
    @Juan_Doooh 2 года назад +3

    Lots of good info there, thanks.

    • @SWPCayman
      @SWPCayman  2 года назад +1

      Glad you enjoyed the video!

  • @dudesmart3777
    @dudesmart3777 4 года назад +4

    Small premium? 🤣🤣🤣

  • @lukeslc-xd8ds
    @lukeslc-xd8ds 3 года назад

    So what value is gold, silver, platinum, diamonds, real estate, ANYTHING if things get so bad that NO ONE wants anything but food, clothing, and shelter? Just wondering.

  • @chadjohnson7544
    @chadjohnson7544 2 года назад

    Na no banks. That is the biggest negative. Government control and bank control. Using storage vaults suck. Honestly buy a 5k safe rated at 2500 degrees bolt it and shove 10k 9mm rounds and 10k 556 rounds and arms in it also security cameras and a Dog. This I can garuntee will be effective. Haha

  • @dowjones3687
    @dowjones3687 4 года назад +15

    This is gold man, thank you

  • @A.I.-
    @A.I.- 3 года назад +1

    If gold/silver are more valuable, then why are they selling it ???
    If gold/silver are more valuable, then why are they accepting fiat money for it ???
    Who's the sucker here... the Buyer or the Seller accepting fiat money ???

  • @alexandermichael117
    @alexandermichael117 2 года назад

    Pawnbrokers sell gold,that's the best,never mind a company,who up prices,and they know where you live,so,do you trust those who work there? I don't,gold coins have a certain weight,check the weight,then buy,don't give them your address,or post code.

  • @thsilver2401
    @thsilver2401 4 года назад +5

    This helps a lot. New to all this.

  • @andrecc1996
    @andrecc1996 4 года назад +2

    Hi Mark, can you talk about 22ct(.916) vs 24ct(.999) gold coins? I've always heard that 24ct is a better coin for investment and have a better resale value than 22ct. But some people do prefer 22ct coins for their durability and perhaps numismatic value.

    • @paganphil100
      @paganphil100 4 года назад +1

      Andrew C: Both are good....the main difference is when you want to sell them because more people can afford to buy 22ct than 24ct so you have a bigger potential market.

  • @lydiawong4078
    @lydiawong4078 4 года назад

    Where to sell if the time is right .?

  • @baljinderpalsingh7003
    @baljinderpalsingh7003 4 года назад +3

    Thank you please keep the good work. Appreciate all your informative videos.

  • @crush42mash6
    @crush42mash6 2 года назад +2

    Excellent presentation, I do appreciate the time to share with less informed public like myself.
    My question is as a Canadian I’m trying to buy coins or bars online through auctions. I don’t understand why people are spending $2000 to buy 1 ounce gold plus the broker fee and selling the coin for $2300. They might make $150-$200 to flip the Coin or bar or is it better for them to sit on it and watch the market and then sell?
    I guess by making $200 per coin and you do that five times that’s 1000 bucks. It just seems like 200 bucks is small potatoes for going through all the risk and the reward for an individual coin

    • @MarcoHernandez-gi8bl
      @MarcoHernandez-gi8bl 2 года назад +1

      Well what’s your end goal, are you buying to preserve your wealth or are you trying to make money quickly?Because there’s a difference between a stacker, who buys and holds on to their metals for years and years for wealth preservation or a flipper who buys a coin or bar and then resells for a profit rather quickly? Unless you’re just trying to collect then it doesn’t matter

    • @310sbell
      @310sbell Год назад

      the guys i buy gold from have a $50 mark up right now on bars and more on special coins. its not much but 3% right now is close to the annual interest rate for high yield savings and you make that in 1 transaction. nothing is small potatoes

  • @ownedbyc
    @ownedbyc 4 года назад +1

    About a year, year and a half ago you could buy 1 ounce generic, some better gold and silver bullion below spot on eBay after a credit card rewards. 2% back + no CC fees + small premium. From reputable dealers like SD bullion, Apmex eBay stores etc. No way that’s the case now but it was an option around $1300, $1350 spot

  • @victoriouspauper8495
    @victoriouspauper8495 4 года назад +3

    good info to start out with.....of course, there is more......yet these our foundational.

  • @CestuiQueTrustBeneficiary-KING
    @CestuiQueTrustBeneficiary-KING 4 года назад +2

    MARK I'm trying to buy about 150k in gold bullion and 50k in Silver Bullion. Can you help me out? I know that you know someone selling. It would be amazing to just buy out someone's position on stored product.

  • @outthered
    @outthered 4 года назад +1

    Buy some wearable bullion. It may come in handy some day in a pinch.

  • @michaelwescott8064
    @michaelwescott8064 3 года назад +1

    Why are premiums so high?

    • @SWPCayman
      @SWPCayman  3 года назад

      Hello Michael, are you talking gold or silver. Silver premiums tend to be higher, as silver is more volatile.

  • @silverspinner8516
    @silverspinner8516 4 года назад +4

    Great info. Do you mind me asking what’s in the white containers with the blue lids?

    • @markandrewyaxley
      @markandrewyaxley 4 года назад +2

      Hi, thanks for the feedback. Those are just smaller 'bins' we use for clients just getting started.

    • @brianharrison1183
      @brianharrison1183 4 года назад +1

      When will silver explode

    • @bribri6985
      @bribri6985 3 года назад

      @@brianharrison1183 soon my friend... soooooooon

  • @Ru4444
    @Ru4444 2 года назад

    Why didnt he recomend the reputable website to buy from?? 😳

  • @wickedcrypto6004
    @wickedcrypto6004 4 года назад +1

    Hi Mark I’m currently using McAlvany Vaulted app. Great video

  • @LatimusChadimus
    @LatimusChadimus 3 года назад +1

    LCS with cash lol ( fortunately my local shop is also a jewelry dealer)

  • @Denise-eb7vg
    @Denise-eb7vg 9 месяцев назад

    Not much information about how to sell. I have heard it is not easy.

  • @wingbutler2699
    @wingbutler2699 3 года назад

    When you sell. Is there a chance that a broker would deny the sell/purchase of my silver?

    • @TheAriaFans
      @TheAriaFans 3 года назад

      nah not really. gold and silver is as liquid as us dollars.

  • @packleader1215
    @packleader1215 2 года назад

    I just received a notification about Mike Maloney going LIVE about $10,000 and Insurance

  • @salv02
    @salv02 4 года назад +5

    Jmbullion reputable?

    • @heatherb.4302
      @heatherb.4302 4 года назад +6

      One of the best. Close to my entire stack came from JM

    • @EricOfBodomMan
      @EricOfBodomMan 4 года назад +1

      I just ordered from them last week, shipping was fast and discreet. Overall I am happy

    • @RMokros
      @RMokros 4 года назад

      Yes

    • @organicdudranch
      @organicdudranch 4 года назад

      I have a friend who has tried to buy from them, most of the time they deliver ,but if your buying an "alert me" item its possible they could make you wait ,then send your money back . I like local dealers ,sometimes you will see them at local coin shows, i sell here and there, and i always sell for close to a dollar less an oz.on silver and about 50 dollars an oz. less on gold. i make good friends with most of my customers and we exchange cool info on the crazy globalists plans etc. I'm in Grand rapids Mi.

  • @SheepDog1974
    @SheepDog1974 4 года назад +3

    What is your sell back rate? Spot? Given that you would profit on the sell side, or do you hit both ends of the deal... ?

    • @liqurmeup
      @liqurmeup 4 года назад

      Your going to get hosed when you sell. No dealers paying you any premium. They wont even pay spot. Think about that and make a smart choice of finding another investment.

    • @firearmsstudent
      @firearmsstudent 4 года назад

      @@liqurmeup Have you sold and if so can you tell your story?

    • @well.thy.one.
      @well.thy.one. 4 года назад

      LiqurMeUp lol they will
      Pay over spot sometimes...and you do know spot can go up, right?
      You also know that gold and silver were the foundation for currency/money as we know it and the world is awash in debt and printing absurd amounts to keep markets up.

    • @liqurmeup
      @liqurmeup 4 года назад

      @@well.thy.one. the world is never going back to the gold standard. The powers at be wont let it. The world works in debt. At least for the foreseeable future.

  • @davidlee3254
    @davidlee3254 3 года назад +1

    Hey Mark I'm 21 years old and I'm looking into buying silver bar which oz of silver would you prefer to start off with.

    • @SWPCayman
      @SWPCayman  3 года назад +1

      Hello David, Check out the following videos: ruclips.net/video/1xEx0yoDlWk/видео.html & ruclips.net/video/pixsJh3s9-Y/видео.html.

    • @davidlee3254
      @davidlee3254 3 года назад

      @@SWPCayman thank you 👍

  • @peterlewis3715
    @peterlewis3715 3 года назад +1

    How do ya find a reputabke dealer, u tube, yellowpages?

    • @SWPCayman
      @SWPCayman  3 года назад

      It is up to the client to do their due diligence, by reading reviews and commentary on the company.

  • @theafkguy8779
    @theafkguy8779 4 года назад +4

    Love the content guys ! Keep it coming

  • @coziii.1829
    @coziii.1829 3 года назад

    Insurance why the crap you need to get insurance why tell anyone you have gold or silver.
    Less people know the better.
    Then always sell at a different location
    No one knows where you live
    Or your name if you do it right .

    • @SWPCayman
      @SWPCayman  3 года назад

      Hello Coz, There are many ways to keep your metals safe, and everyone has their own views on safety and insurance. Here is a link on how you can keep your metal safe at home: ruclips.net/video/7jPbsq9lKGY/видео.html.
      More on SWP, Why choose SWP?: ruclips.net/video/h67nVgJrRAo/видео.html. Insurance, All stored assets held in a Secure Segregated Storage account or a Safe Deposit Box - Metals are fully insured for their full replacement value under our comprehensive precious metals insurance policy. Insurance includes protection against theft, fire, natural disasters, employee infidelity and mysterious disappearances. Evidence of our insurance is available upon request.

  • @coziii.1829
    @coziii.1829 3 года назад

    I get bulk 1 grams cause premium is low
    Then sell individually 15 or 20 above spot
    Boom I made money and no one knows till now .

  • @greatindian276
    @greatindian276 2 года назад

    My friend I have one doubt indian people purchase gold in online how to sold that gold in America market
    please give information about that

  • @fiatdestroyer9716
    @fiatdestroyer9716 4 года назад +1

    Very good video! I will try and recommend beginner stackers to come here for information.🔥🔥🔥

  • @ej2333
    @ej2333 4 года назад +1

    Don't forget auctions. Sure you pay a fee but it's still cheaper than a dealers premium.

  • @shafserious2805
    @shafserious2805 4 года назад

    People are getting very greedy. Direct Bullion is asking for a minimum buy of 5k of Gold!!!!! People getting very greedy. Best place to buy physical is ATS Bullion.

  • @viperviperpiro
    @viperviperpiro 4 года назад +2

    Great video.. do more video on platinum? Worth investing or owning?

    • @markandrewyaxley
      @markandrewyaxley 4 года назад +1

      Thanks! We'll probably cover Platinum in Season III. Definitely worth owning as part of a well balanced metal portfolio.

  • @jacktripper4242
    @jacktripper4242 3 года назад

    I don't keep my fiat in the bank, why would i let them keep my precious metals, locked in your safe, if I don't hold it, you don't own it, lol.

  • @norajacob425
    @norajacob425 2 года назад

    Very informative. Let me share my experience. I came across this company Orion Metal Exchange that introduces their members to the world of precious metals and also offer some great recommendations according to your finances and plan.

  • @9javaldez
    @9javaldez 3 года назад

    What is your take on MS70 and MS69 American Silver Eagle coins? I really would like your feedback. My 20 yo son joined a group that requires a monthly cost and ships a coin a month and these are the types of coins he gets.

  • @benjaminlehman3221
    @benjaminlehman3221 4 года назад +5

    I buy my metals from SDBullion.com

  • @leonelsansores4823
    @leonelsansores4823 3 года назад

    Could anyone recommend a fully trusted place at Mexico to buy Silver & Gold?

  • @SonsoftheElohim
    @SonsoftheElohim Год назад

    What about selling?

  • @organicdudranch
    @organicdudranch 4 года назад +1

    the caption says ,how to buy and sell, then the dude says the video is how to buy ? what about sell ???not going to watch a long vid when he clearly did not say it would include selling !!!!!!

    • @vanessa271
      @vanessa271 4 года назад

      Thanks, I'm not going to watch then. I have never sold, but the US Mint website publishes a list of their approved buyers (by state) of their metals so I would think people can buy and sell at those physical stores.

  • @silver-en7kl
    @silver-en7kl 2 года назад

    $10 000 lol, 4 ounces of gold

  • @talmid915
    @talmid915 4 года назад +2

    Thank you for the new informative video.

  • @sammy2840
    @sammy2840 3 года назад

    Premium Quality Coin in Minneapolis is the Best! Call Bill Hemmer! Have been dealing with him for 25 years!

  • @macdaddy1291
    @macdaddy1291 3 года назад

    "especially in the times of crisis or ....pre-crisis"
    WTF is pre-crisis? The fundamental reason why markets react to crisis is that it is ALWAYS a surprise.....

    • @Anonymous-wy5dc
      @Anonymous-wy5dc 3 года назад

      Now is a pre-crisis everyone knows it's bound to happen that's the pre part.

  • @GALTwarrior
    @GALTwarrior 3 года назад +1

    I have enjoyed your videos a lot. I am wondering if an individual could buy a larger amt for the lower premium, then process that and resell it in smaller amounts?

    • @crispytrout
      @crispytrout 2 года назад

      Depends how much you value your time

    • @DrSchor
      @DrSchor 2 года назад

      Of course, don't be an idiot, that is how all marketing works. Buy a lot a wholesale, repackage, sell at retail.
      What could you not possibly understand about the most ancient buy and sell marketing technique in the world.

  • @jag9022
    @jag9022 3 года назад

    lol just buy bitcoin alot more safe and simple

  • @frankdimas7371
    @frankdimas7371 3 года назад +1

    Do you think buying 1oz coins off Amazon is safe?

    • @yedidyah-jedshlomoh1533
      @yedidyah-jedshlomoh1533 3 года назад +1

      How I do it. 1. I look at who is selling and their % Positive feedback. If less than 99% NO. 2. I google the person/company. I check BBB standing if it is a company. Google BBB CompanyName 3. If he only has a few I never buy.

    • @frankdimas7371
      @frankdimas7371 3 года назад

      @@yedidyah-jedshlomoh1533 thanks for info

  • @gbcoincollection2820
    @gbcoincollection2820 Год назад

    Don’t trust SWP.

  • @juligrlee556
    @juligrlee556 2 года назад

    Are there better or less better places to sell jewelry or get jewelry appraised?

  • @saulespino2510
    @saulespino2510 4 года назад +3

    The reason , according to SWP of course, as to why NOT to buy from a pawn shop is because of " very limited product selection" , well you can certainly find a single gold or silver piece and get a bargain deal and go to another pawn shop and get another bargain and in short order you don't need to buy precious metals from SWP and pay their $$ premiums!

    • @jaydee5447
      @jaydee5447 4 года назад

      Saul Espino ....You are correct Saul but most people are not sophisticated enough to know if they are buying true gold from a pawn shop. It’s one of the reasons why reputable dealers charge higher premiums, assuring true medal and thus true resale. If you are a sophisticated buying (and it sounds like you are) try estate sales. The best deals are found there.

  • @Antydemokrata
    @Antydemokrata 3 года назад +1

    Zuckerberg?:)))))

  • @richardg8135
    @richardg8135 4 года назад +1

    Hi ! good video but i wonder if there is a Mega drop in the market or the spot price (silver or gold) like we did have a few weeks ago, will you honor the transaction (lock price) or will you simply cancel and refund the order ?

    • @SheepDog1974
      @SheepDog1974 4 года назад +1

      The house never looses!

    • @markandrewyaxley
      @markandrewyaxley 4 года назад +1

      Once an order is locked, that price is guaranteed. We offset our trades immediately to limit any market risk.

    • @richardg8135
      @richardg8135 4 года назад +1

      @@markandrewyaxley Thanks for taking the time to respond to my comment, it's appreciated.

  • @coziii.1829
    @coziii.1829 3 года назад

    Less government knows and others the better

    • @SWPCayman
      @SWPCayman  3 года назад

      Hello Coz, We do understand the need for privacy! SWP is a privately owned and operated precious metals retailer and secure storage provider head-quartered in the Cayman Islands. The business is classified as an Active Non-Financial Foreign Entity under the U.S.-Cayman Islands Model I Intergovernmental Agreement ("U.S. IGA"). As such, SWP is not subject to any U.S. FATCA registration or reporting. Furthermore, SWP has no reporting requirements to any local or foreign government or tax authorities.

  • @alexandermichael117
    @alexandermichael117 2 года назад

    RUBBISH INFO.

  • @Rtcmanga_YouTube_Channel
    @Rtcmanga_YouTube_Channel 4 года назад +1

    Thanks for the good information! :)

  • @Jason81818
    @Jason81818 3 года назад

    SO IT'S BETTER TO HAVE COINS SAVED THAN COLLECT GOLD BARS ?

  • @arcticfox2639
    @arcticfox2639 3 года назад +2

    You didn't say enough on how to sell your large stack! I'm older and need the cash to live on!

  • @firearmsstudent
    @firearmsstudent 4 года назад +1

    LOL I'd hate to have one of those 1 kilo gold bars be delivered to a neighbor.

    • @lamarravery4094
      @lamarravery4094 4 года назад +1

      Silver and gold deliveries require a confirmed signature.

    • @wildone8397
      @wildone8397 Год назад

      AUD $86,000...
      Around USD $55,000 gift for your neighbour 😂

  • @EDC.EveryDayCode
    @EDC.EveryDayCode 2 года назад

    I'm just wondering how hard it would be to sell, IF you happened to buy years ago and sell at a major peak? (like Rhodium is right now?) Do you think there are many companies that would buy your Rhodium for something like 18K/ounce currently? I had a bank offer WAY below spot price when I sold silver back to them but it was during that 49$ spike. Banks will rip you off.

    • @EDC.EveryDayCode
      @EDC.EveryDayCode 2 года назад

      The whole idea is to buy low sell high, (sorry duh) and when u sell a stock, it's just a click. But when u sell PMs (at great overvaluation times like now for Rhodium) it's harder to get spot price.

  • @kona887
    @kona887 4 года назад

    Not sure if I got a deal but I got eight sliver coins for $200...I have two coins that were made 1946 as well...

  • @jeanallison2036
    @jeanallison2036 2 года назад

    I’m very happy to see this video, Thanks

  • @reecevazey4278
    @reecevazey4278 4 года назад

    I'm in NZ and want to start stacking physical but not sure what is the best to have as my foundation silver I mean I'm not sure what's the liquidity of NZ silverfern or philharmonics silver eagles etc I don't want to have to much trouble when I exit

  • @pinnacleplumbing7170
    @pinnacleplumbing7170 4 года назад

    Noticed there's not a lot on the shelves except for big bars...Dealers feeling the supply pinch everywhere... Silver to $45 w/in 12 months. You heard it here first

    • @janicenunn101
      @janicenunn101 4 года назад +1

      Looks like you were right! Target now

  • @coziii.1829
    @coziii.1829 3 года назад

    Why pay someone else for storage

    • @SWPCayman
      @SWPCayman  3 года назад

      Hello Coz, Here is another video that may interest you, In this episode, host Mark Yaxley discusses the different ways investors can store their gold and silver securely, including at home, in the bank or at a private storage facility: ruclips.net/video/5WG-6uuQkLY/видео.html .

  • @olegpetelevitch4443
    @olegpetelevitch4443 4 года назад +3

    Perth mint ! ABC ! Some of the best in Australia !

  • @SilverMaroon
    @SilverMaroon 4 года назад +1

    Premiums online have always been a little high even before COVID. I found you get better deals at pawn shops you just have to vet them.

    • @goldenbanjo197
      @goldenbanjo197 4 года назад

      No way man! eBay is the cheapest. I used to get 10-20 bucks over spot with no tax. Pawn shops are a rip off. You have to look on eBay and buy from bullion dealers and look under the daily deals. It’s the closest to spot you can buy gold coins. Or at least it was before the pandemic. But it still is cheaper than the online prices at like apmex or JM bullion.

    • @SilverMaroon
      @SilverMaroon 4 года назад

      @@goldenbanjo197 $10-$20 over spot is a terrible price you are shopping in the wrong places. Pawn shop I go to was charging $2-$3 over spot if you bought 5 or more.

    • @Miguelskytwins
      @Miguelskytwins 4 года назад

      @@goldenbanjo197 EBAY THE CHEAPEST? LOOOOL

    • @goldenbanjo197
      @goldenbanjo197 4 года назад

      MiguelSkytwins 91 well funny guy, I just checked and even though we are in a crazy premium time, eBay is still 100 bucks cheaper than buying at an online bullion dealer like apmex . So yes, gold is the cheapest on eBay. Has been for the last 5 years or more.

    • @Miguelskytwins
      @Miguelskytwins 4 года назад

      @@goldenbanjo197 now I see the reason, you use american ebay, I use the brittish one, and believe me, you are lucky if you find something cheap on ebay... An example, the last 1/10 proof I bought for 155£, is on ebay from 242£ to almost 400£... I've found some bargains, but it wasn't easy

  • @chalbash
    @chalbash 4 года назад

    Hi.
    Is it possible to buy a physical gold and then "lodge" it somewhere so i can trade with it online?
    IF yes, how are these "banks" or "organizations", where you "lodge" you gold, are called?
    Thank you for your help

  • @glockman155
    @glockman155 4 года назад

    Why do precious metal dealers only accept Bitcoin and not others such as Ethereum, XRP and XLM?

    • @Mapdotnowhere
      @Mapdotnowhere 4 года назад +1

      Glockman 155 infrastructure isn’t there to support the other crypto’s

  • @olegpetelevitch4443
    @olegpetelevitch4443 4 года назад +1

    My 2 Rottweilers and my alarm and me ! Good luck !

    • @charxmoon9495
      @charxmoon9495 4 года назад +1

      Just busting balls, what do you mean by you? Martial artist? Man, keep those dogs safe, don't put them at risk. Can't put a value on loyal dogs😊

  • @GhostTraderz
    @GhostTraderz 4 года назад +8

    Spot price is way to high. Once this crazyness is over hopefully silver&gold come back to normal

    • @CenturianCornelious
      @CenturianCornelious 4 года назад +2

      Spot is too high? Spot is he price of a promise. So, yes, it is indeed too high, because if the promise ever becomes truly valuable it won't be honored.
      As to the price of gold and silver, those are super cheap.

    • @CD318
      @CD318 4 года назад +2

      Yeah, maybe it will come down to the 1971 $35 oz level.

    • @firearmsstudent
      @firearmsstudent 4 года назад +3

      @@CD318 For $35/oz I'd be buying 400 oz gold bars like no one's business

    • @GhostTraderz
      @GhostTraderz 4 года назад +2

      CD318 lol good to dream but not anytime soon

    • @well.thy.one.
      @well.thy.one. 4 года назад

      AB CD lol what?

  • @aaronfitzgerald9109
    @aaronfitzgerald9109 3 года назад

    With a name like that, take no advice from him.

  • @youknow9092
    @youknow9092 4 года назад

    I just started buying some gold to my silver stock and I think my next purchase will be platinum and palladium. Id like some of each honestly.

  • @johnboscopaul1974
    @johnboscopaul1974 4 года назад

    Johngold821 you are the best

  • @sujatashinde1012
    @sujatashinde1012 3 года назад

    I post

  • @ZooMStrafes
    @ZooMStrafes 4 года назад

    You said that typically 10% of your investments should be in precious metals. How much of your precious metal investments should be in each type of metal. Should you invest more in gold and silver than for example rhodium and if so why

    • @josephpurdy8390
      @josephpurdy8390 4 года назад

      Over the past 5 years the gold silver ratio has been widing. I generally buy 1 toz gold for every 20 toz of silver. I am speculating that this ratio will narrow considerable in the future. Also, it may be easier to just save a set amount of cash. When you are getting close for a planned purchase. Look at the trends over the past 5-10 years on the spot price. Which ever metal has been trending the lowest is the one you buy.