Thank you for using the term "converted". So many people don't understand why it makes sense to convert their paper denominated wealth into real hard non-liability money in Gold & Silver. Great video!
The U.S. currency has lost nearly 98% of its purchasing power over the last hundred years. Oddly, if they were to double the amount of currency in circulation right now out of thin air, the loss in purchasing power would only be 1/2 percent, from 100 years ago.
I converted my paper for silver earlier today and beat the price move. I got a couple Morgans and an old Sunshine Mint one ounce bar, and a few other pieces. The time to buy precious metals is ANYTIME I have extra paper! Slow and steady wins the race…
Them 1/10th at 320 was pretty good and 650 for 1/4oz is really good! Coins at spot is stellar. I just got my first gold and silver of the new year yesterday.your videos has helped me so much Sreetips. I can’t thank you enough for your content! It is the gold standard (no pun intended)
3:31 "Doesn't matter, I'm not wanted" is the best response I've heard to someone being told that their face isn't being shown in a video. I fell like there's a story behind her response though... 😆
Love your work. Thank you. I live in Brisbane Australia and have been watching your videos for 4 years now. Still have not succedded in recovering gold or silver from my ewaste collection but will follow your steps soon to do my first real recovery effort.
I hope you've got a YT channel with over a quarter million subscribers, because unless you're doing reclamation on an industrial scale, it's not cost effective unless you've got other revenue streams emerging from it - like a YT channel with a lot of subscribers.
@@davidemelia6296 Hi David No my youtube channel is not even monitized anymore even with over 750 videos on it. But I do have about 4 tons of ond desktops, laptops and main frame computers waiting to be stripped down and sorted ready for reclaiming the metals. I will get there one day. Its my little gold mine in the garrage.
I was VERY shocked at that. I don't think I've ever seen someone in a flea market-type setting NOT give a person a break on price, if that person was paying cash and/or buying a whole bunch of something. I understand that it's silver we're talking about, not a box of Beanie Babies or something, but seriously. Kinda weird.
Moving product is worth time, it was crazy. I feel like there was a bit of a discount off camera for the bag. Kind of doubt Sreetips is the kind of guy who pays 25:1 for constitutional silver.
do you recommend buying new gold coins etc. online at big dealers? I see they want to make over $100 -$250 per oz. That seams too high? I heard $50/oz profit was the norm 15 yrs ago? What do you think? We dont have places that sell gold to the public like you do here in upstate NY, so getting a "deal" is very very difficult without a 2 hr drive each way. Also, if I had a 1oz gold bar .9999 what would you sell it for today? Thanks
Love to see it! My sons, in elementary school, are both excited to be converting their Christmas present ‘currency’ into “real money” 😉 They spend a little extra ‘premium’ to get the cool looking stuff; but I’m ok with that to keep them growing and learning.
I gave my 2 nephews $50 in dollar coins and a silver ounce each inside a small coin pounch. They're only 8 and 10 but I knew if I put that ounce in their hands it would build a profound appreciation for money. If I just gave them cash they'd spend it on pokemon.
@ haha yes indeed, Pokémon or robux for my eldest. I taught them a bit about gold and silver money while panning, using paydirt bags from a local company. They got about 1.4g from a couple of bags. “Santa Clause” brought each of them a Perth mint year of the snake 1oz coin. WAY more expensive premium than I would normally pay, but it got them interested in getting more so was well worth it.
Be sure to teach them about inflation, what it is and where it comes from. Most people are completely clueless about this. And they why the currency printers can pull it off, lack of an educated citizenry.
I've been picking up those $5 gold commemoratives when I find them. They're 90% like the pre-1933, except no circulation loss. Should be 0.2418oz. of gold.
We buy so much cheap karat gold that I only rarely buy this kind of gold. I still can’t believe that folks will accept paper currency for their gold. It’s a gold-buyers paradise out there. And all because they believe, incorrectly, that paper currency is more valuable than silver and gold. You can make a fortune in gold and silver.
By next election we should be close to fifty trillion in debt. Fifty trillion dollars divided by 340 million (people) equals $147,000 in debt for every man, woman and child in America. That’s six hundred grand, in the hole, for a family of four. Just don’t seem possible.
Man I hope you can find someone to teach all this to. They should be able to just see the comments and love you get on RUclips to understand the importance. I hate to hear that sir.
No, they contain a known quantity of silver. Putting them under the flame would be a mistake. I’ll hold those just like they are. Put them away, and forget about them.
I been stacking up on silver. Silver 1 Oz coins, 1964 kennedy half dollars, silver nickels, dimes and quarters. If i come across scrap gold from ppl, i buy it.
HEY MR SREETIPS, I've got a big question. When it comes to gold plated pins and connectors from electronics, the MAGNETIC ones.... What's the possibility you can place them in a crucible at 1950°F and the gold will melt off while the magnetic pins remain intact..... Just curious😂
I found this interesting . I have been collecting mainly gold since around 2004.I like to see the best ways of selling my gold if I ever decide to sell it!
Just don’t be tempted to sell your gold if you don’t have to. Hang on to it. Because if you sell it then it will be gone and the currency you get for it will just get spent. Then you end up with nothing.
@@sreetips I don't need the money, and the person to whom I leave everything in my will. will have a nice windfall of gold.I have 155 gold coins and like I said, I never paid more than $800 for any of them. Plus I own my home so somebody will spend my money for me. That kinda sucks but it is life!
Im very surprised that person didn’t give you a deal on those dimes. I recently sold $10 face value of silver dimes and someone bought them all with cash, I gave em a good discount.
Thank you for posting this, it helps me to understand what I can currently expect to pay for metal. Prices are always on the rise or the federal reserve notes are falling, depending on your perspective.
That’s the perspective no matter what angle you look at it. Gold is NOT rising in value. It stays the same. It doesn’t change. What’s changing is the currency, It’s declining rapidly. And got a long way to go. Our grocery prices are sky rocking right now. Not because the items have become more scarce nor more valuable. It’s because 40% of all the currency in circulation today was created out of thin air back in 2020. There’s a long lag between when the fiat currency gets placed in circulation and when it begins to manifest in rising prices. But the prices only appear to have risen. What’s actually happened is the currency has declined. One guy told me his house doubled in value. I had to tell him that it has NOT doubled but rather the currency has lost half its value so that now it takes twice as much of it to buy the same amount of house. People simply do not understand what inflation is or where it comes from. And this is what enables those who create the currency out of thin air to pull it off. The public blames greedy businesses. It’s brilliant!
@sreetips I highly recommend you read the book "When money dies" by Adam Ferguson I'm quite certain you already understand most lessons that are in it. One thing that sticks in my mind is a brilliant comparison. It goes something like this. A person thinks that prices are unfairly rising instead of the currency losing its value is like a person who thinks the earth is the center of the universe and that all celestial bodies revolve around us. Our currency is not a true measure of value just as our earth isn't the center of the universe.
Inflation is like insanity. If you try to explain it, folks will just kind of shut down. One of the symptoms of insanity is doing the same thing over and over and expecting a different result. The definition of insanity is: unsoundness of mind. And that’s what we have with respect to understanding what inflation is (currency creation out of thin air) and where it comes from (the central banks creating currency to avoid financial ruin). I’ve pondered making video ms about this to educate people. But then I come to my senses. Restraint of tongue and pen (or keyboard) have served me well.
Yes! People are starting to wake up and realize that their currency is becoming worthless. It’s getting harder to find it. And this will continue as the gold and silver prices get higher and higher. Eventually we won’t be able to find it like we can now. It’s a mathematical certainty.
Break even? Do you mean that you sell the refined gold? I’m hanging on to my gold. Selling gold, if you don’t have to, with the spot price so grossly undervalued would be a bad move. My opinion.
Hi Sreetips I have a few questions I would like to ask: 1. What happens when inquarting with cerment silver 2. In your "of the counter chemicals" videos, you sometimes use a combination of HCl and H2O2 to dissolve the gold like when you use aqua regia in your normal videos and sometimes you use it to remove silver and base metals like using nitric, why does it not do the same every time? is it because the solution have an easier time to dissolve the base metals and as such doesn't dissolve the gold? 3. I am personally a student, so I want to ask what kinds of materials are a good place to start refining, in that it’s not too expensive or hard 4. Is your fumehood DIY and if so how would one make a fumehood 5. In one of your older computer scrap or gold pins video’s you shortly say that maybe it would be better to use a sulfuric acid stripping cell, is there a reason you haven't made a video of that? Other than the one from 9 years ago 6. Why not use the copper that have percipitated out on the iron, to percipitate out silver?
1) not recommended because platinum group metals tend to follow the silver. Using cement silver over and over would cause the PGMs to build up in the silver and cause problems in the silver cell.
2) HCl and H2O2 takes longer, but it completely eliminates the need for denoxx (removing excess nitric acid prior to precipitation). Aqua Regia is much quicker, but the risk of excess nitric is ever present. I used hot sulfuric to pull the silver and base metals from inquarted gold in one video just to demonstrate that it can be done. But it’s cumbersome and takes a lot longer than nitric boils.
3) the first item is, get a fume hood. No way to safely do these reactions without one. I ignored this when I first started. And now I suffer from reduced lung function.
4) I bought it on eBay, but it’s not good for refining because it has metal parts and they corrode and have a tendency to drop junk down into my work. If I had to start over, I’d get a large poly plastic tank with a six inch round opening on top and make my own fume hood with an external fan with F rated motor (high heat environment) and mount it in the attic. The fan and hood must be suitable for acid digestions, no metal parts exposed to the fumes.
5) I haven’t used a sulfuric acid stripping cell to process gold plated scrap because it’s messy, time consuming, and it takes a ton of material to get just one gram of pure gold, the yields are just too low for me to mess with it. But it is a way to get pure gold from junk gold plated jewelry.
Nice! Now put it away and forget about it. Resist the urge to convert it back to paper currency. If you do that then your gold will be gone and you’ll end up spending the currency. You’ll end up with nothing.
I remember buying 1/10 Eagles /Kreugs and Maple leafs for $35 bucks a piece back in the late 90's Every pay day I'd buy one from the local CS and throw it in an old film tube can. The dollar was so strong back then that I was buying them just as collectibles.
40% of all currency that’s in circulation today was created out of thin air during the pandemic. The price increases from that massive inflation of the money supply are just now starting to show up. What are people going to do? There’s a line that separates those who have enough to get by, from those that don’t. And that line is slowly moving up as more fall behind and end up below the line. This is the baffling feature of printing currency “without limit” out of thin air.
And the public blames greedy merchants and companies for price gouging. It’s brilliant. They print currency, destroy its value, and the public blames the business man because he has to raise prices just to stay in business. It’s also insanity.
There are people out suffering from lack of ability to pay their bills. People are selling me their gold as a last resort to pay their bills. It’s not looking good. Yet the media says we are doing just fine. It’s insanity.
@sreetips crazy isn't it. How do you trust the media when it's so blatantly lying ...about money politics and just about everything else it reports on...ours in the UK is no better
@ The media is definitely not honest here in the UK either, theyre lying about all sorts of things that are clearly different when you see whats happening online...a very strange situation to be in...The mainstream media could learn a lot from social media
@@TalRohan I always try to talk them out of selling their gold. I tell them if they don’t need the cash then just hang on to the gold. A few turn away and keep the gold, until they really need it. But most say they have an expense so that they must sell their gold. In the end, they have no gold and spent all the cash. End up with nothing. It’s terrible out there, especially for fixed income folks.
Still amazed any flea market dealers have gold. None of the shows I do have them. It’s too risky for the vendors to carry it because people will steal them so easily.
I was very skittish. Twice someone I don’t know and have never seen before came up to me without saying a word, and showed me some obscure text on their phone. I think it was a diversion to get my attention while another was trying to pick pocket me. Weird.
@@wavytiger1 Pre 1933 gold has dual collectability. First off, it's 90% gold. Second, pre33 gold is also very collectable, so you pay a lil premium for sure, but WELL worth it IMO. Sure, the modern 'bullion' gold coins are fine too, and most are pure gold, not 90% like the older coins.
@@sreetips okay, so I'll rephrase the question. Do you ever refine the silver and gold coins stamped by the government? Like for instance the coins you purchased in this video...
@Dean_F I'm considering refining war nickels down the road(efficient refining is relative). A proof of concept approach. Yes, I'm aware of all the junk in a war nickel. Depending on the type of coin and amount of wear, I wouldn't balk at melting and refining other coinage. I suspect if silver were to RIP, like it has in the past, 90% silver coinage and/or sterling will be bought by refiners well back of spot price. Incentivizing current refiners to refine it to purity. I would never melt my mercury dimes or Morgan dollars though. Far too precious to me lol Sreetips has said in at least one past video, that he does not melt/refine US coinage. But perhaps he would if it were VERY bad 🤔
@@Dean_F Lemme see if I can predict his answer: No. First, doing so is a federal charge (defacement of currency is the current wording of the charge, I believe) and second, they'll be more valuable as recognizable government issued dimes with known amounts of silver per coin than "raw bullion in random amounts" will be when trying to barter when (not if, WHEN) SHTF.
Sooooo serious question.... Keeping in mind that any person can do whatever they want with their money, what are you doing buying silver Sreetips? Didn't you say some time ago you had like 30 pounds of powdered cement silver? Or did you already process that through the beast without us tagging along?
As you can see, I’m buying, not selling. I know that folks would love to buy some of my metals. But with silver and gold so grossly undervalued, it makes no sense to sell. Maybe when silver gets up over a hundred bucks I may start pouring and stamping some 5 ounce silver bars again. Then offer them for sale on my eBay site.
A thought has been weighting on my mind for a while after watching this. An important Cavot is to know who your buying from... I see you did a basic weight/ diameter/ thickness test on the gold. Are you testing the silver, there is a lot of fake material coming in from overseas, I've seen fake junk silver a former coworker of mine got swap meet. That was detectable with a magnet testing indicated a ferrous metal core with a nickel followed by silver flash, but a lot of it isn't anymore (Brass, zinc, Tellurium copper, tungsten etc. Often the coins are struck, the strike quality varies, as does the quality some are obvious others are not.
Very important. I was called to my jeweler friend. A customer had bought a large 5 ounce silver coin on eBay for just fifteen bucks. He thought he had found a way to become rich quick by buying these coins and immediately reselling them for more currency than he gave. He wanted me to test the coin to verify that it was in fact pure silver. I told him that I must use a file on the edge of the coin to file away some of the metal. He agreed. So I filed it and had to go no further. I hit yellow metal (brass) just under the surface. It’s the old saying that if it seems too good to be true, then it’s probably fake. Someone playing on people greed pulled one off on this guy. Thankfully he only bought one. Saved him some grief before he went all in
I don’t know. I’d have to sell the metal in order to determine if I made a profit. But I’m not wanting to sell any of my gold. I’m buying, not selling. The gold will be worth more than I paid next year at this time. It’s a mathematical certainty. The paper currency that I traded for the gold will also be worth less next year. That too, is a mathematical certainty.
@@sreetips your right about that I know we're goin in the tank I've been wanting to start saving something like this so when China takes over I'll have more than a little bit of paper or some account number they laugh at just kidding but for real the US economy has let me down
I had to sell silver to get money for lab equipment and this years budget , kinda of a drag but two kids in college. One day streetips I’m gone to pour a two ounce gold bar 🎉
Its great but how do you spend it? I mean I want to see you get some food with it without over paying. So I guess you would have to make the tiniest of pieces of gold to give as currency. Make gold BB's? BTW, that market would not get my money with them discounts.
Currency is for spending. Gold and silver are for saving. You don’t want to hold your savings in stacks of paper currency because they are declining in value due to currency printing “without limit” out of thin air. Instead we convert our declining currency into metals that are rising in value and hold our savings in these metals. If we need some paper to buy food or pay rent, then we can always sell a little of our metals and use that currency to satisfy those needs. You don’t need an economics degree to understand this. The currency is based on nothing (fiat means based on nothing) and has no real value. Our currency is based on deception. They tell you it’s valuable (when it really isn’t) and you believe it. They can’t do that with gold and silver. Silver and gold stand on their own since the beginning of time. They have been real money, real wealth for as long as history began. And that hasn’t changed regardless of what others say. You hear “pet rock” or “expensive door stop” my favorite is “barbarous relic” call it what you want, but it’s still here and it’s still used as the standard by which anything can be accurately valued. Can’t use paper currency to accurately place a value on anything. Because they can and will print, borrow, and spend thus destroying the value and purchasing power of the currency. It will fail because all fiat has a 100% failure rate, without exception. It’s a mathematical certainty.
I can now start buying in bulk. They took the state tax off precious metal. I'm guessing that's the going price 4 to 5 dollars over spot for silver. I found a pawn shop that went to 3.50 over spot if you get at least 10oz but that's been awhile back. I like the gold, but I think silver will be the big return when it flips. Then it will be untouchable. Great video
Silver is in high supply since Trumps win, you can get it for spot +$1 all day at coin shops right now. Don't pay more, shop around. Check the internet and compare what you're paying.
Fiat currencies have a 100% failure rate, without exception. Fiat means “backed by nothing”. And when they fail, people always turn to real money: silver and gold.
That's awesome. As of yesterday, my local pawn shop is doing $27 for $1 of junk silver, any combination of coins. $21 for 22.5 grams of silver isn't bad at all. I wish my area had deals like that 😂
After watching your video where you worked with silver nitrate, I thought that was a great video like all you videos, I was interested so I looked around to see how much silver nitrate is worth, and to buy the amount you used I would pay over $200 I knew it wasn't cheap but after everything else you allso would need to buy, its a thing I'd love to try but if I got it right you wouldn't be far away from breaking even, in a video a long time ago you showed you silver cell ,I think it's brilliant I'd do it if I knew how too.
In 1960 a quarter would buy a gallon of gasoline. Today a 90% silver quarter is worth $5.44 and gas is about $3 so priced in silver, gas is cheaper today than it was back in 1960. That’s not a coincidence. Gas price is plastered on every street corner. Goes a long to soothing the “consumer” as they drive to the grocery store to buy a $7 head of cauliflower.
@@sreetips In minutes of work, oil and gas prices are pretty much flat over the past century. Interestingly, (I own an oil company), commodity companies actually have to have productivity because the only thing we can compete on is cost. an iPhone has a "moat" of intellectual property they can charge for. But energy, food, shelter and grain in terms of work units or metals is pretty much flat.
I agree. It’s not gold making new record highs. It the US dollar making new all time record lows, priced in gold. Gold is still the standard by which anything can be priced, regardless of what others say. And the currency is going to go much lower. If an ounce of gold back in 1933 was about twenty two bucks, and today an ounce of gold is $2650 then that means $22 divided by $2650 equals 0.0083 which is less than 1% of its original value. So the U.S. dollar has lost greater than 99% (99.17% to be exact) of its value and purchasing power since 1933. How can this be? The answer is simple: creating currency out of thin air with nothing to back it up.
@@sreetips yup. Paper money is an IOU. It used to be an IOU for gold or silver. Now it's an IOU for labor, with a maximum value set at $7.25 an hour. Silver coin doesn't involve an IOU. The value is built in. No law says I can't "only take" pre-64 coins in exchange for retail goods. Oh look, I only had 5k in profit this year. Guess that puts me at the bottom tax bracket. What's this? New ruling from the IRS that there's no capital gains on constitutional silver? So, when I need to convert it to fiat, that's not a problem either.
I don’t do much searching. That’s Mrs sreetips area. She finds the best deals. I only do it occasionally. On Saturday I had two gold deals. Both were from people I’ve bought from before. They call me when they need currency. And I got to tell you, they’re scraping the bottom of the barrel. What are these people going to do when they’ve finally sold me all their gold?!
There’s a poverty line that slowly creeps upward. Those on top of the line have enough to make ends meet. Those below the line don’t. This is the baffling feature of creating currency out of thin air, with nothing to back it.
@@sreetipsthe place in your vid looks familiar, I used to get my farm animals from an auction venue that looks very much like that place, they also had a flea market area
Going to the markets or trash and treasure whichever you call it in America is a great way to get some good priced items,but some people are real hard and won't haggle or barter,that lady should have thrown something in or given you a discount.
They “make money” by selling these coins. I don’t have to worry about selling them for more paper. I achieved my objective: turned paper currency, that’s declining in value, into metals that are rising in value. Don’t need a degree in economics to understand that that’s a good deal, no matter how you look at it.
Crazy question here... If someone were to find the largest gold vein in the history of the world, that had enough gold in it so that every human could walk around draped in it - what would gold be worth?
Science tells us that there’s enough gold in the center of the earth to form a layer of pure gold 13 inches (33 cm) thick over the entire planet. There’s gold in sea water. There’s gold in your back yard. It’s everywhere. The problem is getting it. Gold is mentioned over 200 times in the Bible. There’s no group of people that got together and decided that silver and gold would be real money. It just happened by default. They are the only two metals on the periodic table that are suitable to be used as real money. It’s easier to remember it like this: long after all other forms of currency are gone and forgotten, gold and silver will still be here. And they’ll still be valuable.
As a prosecutor I would like to know what the reason is for jewelers getting excited o er raw gold. Not trolling, would love to know why the level of excitement.
As a Nordic fisherman (Blue Herring, none of that worthless Red herring crap) I suppose it's that these people have come to view gold and silver as real money. It certainly excites a certain feeling in your hands that paper currency does not.
That wasn’t an expense. Rent, groceries, dry cleaning, gasoline, clothing, movie tickets, those are all expenses. And we’ll never see another nickel. Not so with precious metals. I’ve merely converted the currency that’s declining, into metals that are rising. Currency is for spending. Gold and silver are for saving.
When trading currency for gold, anytime is a good time to buy. It’s not an expense. Gas, food, rent, clothing, movie tickets, those are all expenses. Never see another nickel from those. But gold just keeps rising as the currency gets worth less and less.
Do a search for President Johnson’s remarks about the coinage act of 1965. He says, “If anybody has any idea of hoarding our silver coins, let me say this. Treasury has a lot of silver on hand, and it can be, and it will be used to keep the price of silver in line with its value in our present silver coin. There will be no profit in holding them out of circulation for the value of their silver content.” He is saying that the treasury will dump silver to keep the price down. Today they can do it with paper silver futures contacts. But what if they get squeezed? Don’t worry, they can print all the currency they’ll need to cover any short squeezes. It’s brilliant. They crush the inflation hedge, with more inflation. And the public blames greedy merchants for price gouging.
Currency is for spending. Real money (GOLD & SILVER) are for saving. If you need some paper to buy food or pay rent then you can always sell a little metal to meet those needs. But stacking paper currency, that’s declining in value faster than a snowball in July, as your savings? Well that’s just utter insanity.
You got some nice coins there. I just don't quite understand what the appeal is for you to buy these, apart from a bit of diversity in your stack and your video portfolio. I don't know what the real cost of your refined gold and silver is when averaging your buy prices for scrap gold/silver and adding costs for chemicals and power. But I assume your cost average might be way below what you just paid for these items normalized for fine weight, else you wouldn't do it. I bet Mrs. Sreetips is very skilled in sniffing out the good deals at yard sales and flea markets. So is there any reason for you to buy those "expensive" coins other than the above mentioned reasons instead of buying scrap gold/silver and refining it for even more gold/silver? By the way flea markets are my main hunting ground for silver. Just yesterday I bought two 10 DM and one 5 DM coin with a combined fine silver weight of 26.27g for 20€ (20.80$ US). These are .625 silver coins and widely available here in Germany for obvious reasons so they often can be found reasonably priced. Some weeks before I managed to get five 10€ coins (the .925 variety) for 52€ or 54$ US respectively. Fine weight of those combined is 83.25g. That was definitely one of the rare deals, they tend to cost more. But it's all about the hunt (:
Gold and silver are not investments. They are real money, real wealth. If I was going to try to sell these for more paper currency than I paid for them then yes, cost basis would be a concern. But I’m not selling any of my gold. I’m buying, not selling. So I don’t have to worry about gaining more paper currency than I traded for the gold. You only have to right once with gold: when you buy.
@@sreetips Well I agree partially. It's wealth but if you (or your descendants) don't intent to use this wealth later you might as well not have it at all. It doesn't make sense to hord wealth without the intention to eventuall use your wealth for something you (or your descendands) want or need to do. You essentially trade life quality now for the chance of a higher life quality later. And since you're a very skilled refiner: If you have the choice to buy the bullion coin or spend the same money on scrap gold that you can convert to more gold using your skills and infrastructure, it makes more sense to do the later because you end up with more "wealth". Thats assuming of course you get good deals on scrap gold and silver for the refining but I trust Mrs. Sreetips to have you covered (:. So I still don't see why your purchase made sense given your circumstances.
I see what you’re getting at. I bought these coins because they are made of highly valuable gold that’s rising in value. I did it to make the video. I buy cheap gold all the time at local estate sales and yard sales (actually Mrs sreetips does most of the buying). Then I take the scrap gold and refine it to make videos for my channel. This generates more currency for me. And enables me to buy more gold, regardless of the price. It doesn’t matter because I know that these coins, as over-priced as they may seem, will only go up in value. I’m certain of that. Because the currency is going to endure more declines when the new admin gets in there and begins to borrow, print, and spend. This can only mean one thing: the currency will decline even further. And this will be reflected in higher gold and silver prices. It’s a virtual mathematical certainty,
@sreetips That makes sense (: Thank you for taking the time to respond to comments im a detailed manner. Keep up the good spirit and greetings from Germany (:
Gold and silver will not rise. They don’t change. They stay the same. What’s happening is the paper currency is being debased due to currency creation “without limit” out of thin air. And just wait until the new admin takes over. Borrow, print, and spend policy will send the currency, priced in gold and silver, to new all times lows. The metals don’t rise. it’s the currency that’s declining. So that it takes much more of the debased currency to buy the same amount of metal. Few people understand this. And that’s why I’m able to get all this gold and silver by trading paper currency, that’s declining in value, for metals that are rising in value. It’s like printing money. Silver will top a hundred bucks. It’s a mathematical certainty. Not because it has become more scarce nor more valuable. But rather because the currency has declined precipitously.
@ I’m not doubting the true value of silver or gold vs paper currency, just more so the price seems high when you could get more silver for less paper money elsewhere? I guess I don’t buy much silver us coins but it just seems high. I guess the fact they are minted coins add value somehow?
To me price doesn’t matter. I make it up through my wife. She bought 7.5 pounds (over 100 ounces) of unmarked silver at an estate sale for sixty five bucks. People didn’t recognize it as silver, but my wife did because we handle so much of it. With deals like that, I can afford to pay high premiums for the silver that I buy in my videos. You can’t go wrong. You only have to be right once with precious metals; when you buy.
If the gold content is less than 30% and the rest is copper then you should be able to remove the copper with hot dilute nitric boils. The copper will dissolve. But the gold won’t. Then you can collect the gold in a filter paper and refine it.
Don’t be jealous, get some! In ancient times your wealth was measured in animals. Only the elite royalty could afford to hold gold. You’d be surprised at how you can get by with 10% less of your earnings. Take it, and buy GOLD. Every month. It’s not too late to start now.
@sreetips Don't get me wrong sir I have a few shiny pieces I'm jealous because I'm priced out of the market shaky employment being a carpenter is not easy in a negative 60% market in my area Thanks for sharing your video
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Thank you for using the term "converted". So many people don't understand why it makes sense to convert their paper denominated wealth into real hard non-liability money in Gold & Silver. Great video!
Exactly! Thank you
That's what I'm saying trading worthless paper for preshious metaels if the dollar loses its value the gold and silver wont
The U.S. currency has lost nearly 98% of its purchasing power over the last hundred years. Oddly, if they were to double the amount of currency in circulation right now out of thin air, the loss in purchasing power would only be 1/2 percent, from 100 years ago.
I converted my paper for silver earlier today and beat the price move. I got a couple Morgans and an old Sunshine Mint one ounce bar, and a few other pieces. The time to buy precious metals is ANYTIME I have extra paper! Slow and steady wins the race…
Couldn’t have said it better myself.
That woman selling the mercury dimes is an animal 💯!
Them 1/10th at 320 was pretty good and 650 for 1/4oz is really good! Coins at spot is stellar. I just got my first gold and silver of the new year yesterday.your videos has helped me so much Sreetips. I can’t thank you enough for your content! It is the gold standard (no pun intended)
Thank you for watching!
@ I have watched every single one of em! Keep ‘em coming
3:31 "Doesn't matter, I'm not wanted" is the best response I've heard to someone being told that their face isn't being shown in a video. I fell like there's a story behind her response though... 😆
Nice gold coins and silver dimes thanks for sharing sreetips
Love the professionalism of the dealers. And the special Loot!
Another great Educational video 👍
Thank you
Love your work. Thank you. I live in Brisbane Australia and have been watching your videos for 4 years now. Still have not succedded in recovering gold or silver from my ewaste collection but will follow your steps soon to do my first real recovery effort.
I hope you've got a YT channel with over a quarter million subscribers, because unless you're doing reclamation on an industrial scale, it's not cost effective unless you've got other revenue streams emerging from it - like a YT channel with a lot of subscribers.
@@davidemelia6296 Hi David
No my youtube channel is not even monitized anymore even with over 750 videos on it.
But I do have about 4 tons of ond desktops, laptops and main frame computers waiting to be stripped down and sorted ready for reclaiming the metals.
I will get there one day.
Its my little gold mine in the garrage.
Nice!
@@dietersoegemeier139well done🎉 Good luck🙂
@Arne-ns2mw Thank you
A paradise for numismatists and refiners.
Рай для нумизматов и аффинажников.
Greetings from Latvia.
Thank you Latvia
I can't believe she refused to give you a discount if you bough all her dimes.
I was VERY shocked at that. I don't think I've ever seen someone in a flea market-type setting NOT give a person a break on price, if that person was paying cash and/or buying a whole bunch of something. I understand that it's silver we're talking about, not a box of Beanie Babies or something, but seriously. Kinda weird.
Same.
I immediately came to comment this same thing! As someone who is a vendor myself I can’t imagine not giving a deal for that!
Moving product is worth time, it was crazy. I feel like there was a bit of a discount off camera for the bag. Kind of doubt Sreetips is the kind of guy who pays 25:1 for constitutional silver.
@@gregandersen8475 Oh yes he does. In his last flea market video he bought 50 dimes for $120 ($2.4 each).
Thank's for the Happy New Year Video !!!; )
Happy New Year
do you recommend buying new gold coins etc. online at big dealers? I see they want to make over $100 -$250 per oz. That seams too high? I heard $50/oz profit was the norm 15 yrs ago? What do you think? We dont have places that sell gold to the public like you do here in upstate NY, so getting a "deal" is very very difficult without a 2 hr drive each way. Also, if I had a 1oz gold bar .9999 what would you sell it for today? Thanks
I wouldn’t sell your one ounce bar. You can find gold very cheap at estate sales and yard sales.
Love to see it!
My sons, in elementary school, are both excited to be converting their Christmas present ‘currency’ into “real money” 😉
They spend a little extra ‘premium’ to get the cool looking stuff; but I’m ok with that to keep them growing and learning.
I gave my 2 nephews $50 in dollar coins and a silver ounce each inside a small coin pounch. They're only 8 and 10 but I knew if I put that ounce in their hands it would build a profound appreciation for money. If I just gave them cash they'd spend it on pokemon.
@ haha yes indeed, Pokémon or robux for my eldest.
I taught them a bit about gold and silver money while panning, using paydirt bags from a local company. They got about 1.4g from a couple of bags.
“Santa Clause” brought each of them a Perth mint year of the snake 1oz coin.
WAY more expensive premium than I would normally pay, but it got them interested in getting more so was well worth it.
Be sure to teach them about inflation, what it is and where it comes from. Most people are completely clueless about this. And they why the currency printers can pull it off, lack of an educated citizenry.
@ absolutely, and thanks for putting content out like this which can help many!
Like these type videos as well, helps to educate and I really appreciate them!
I've been picking up those $5 gold commemoratives when I find them. They're 90% like the pre-1933, except no circulation loss. Should be 0.2418oz. of gold.
We buy so much cheap karat gold that I only rarely buy this kind of gold. I still can’t believe that folks will accept paper currency for their gold. It’s a gold-buyers paradise out there. And all because they believe, incorrectly, that paper currency is more valuable than silver and gold. You can make a fortune in gold and silver.
😂 they wonder why the paper number is getting bigger but they can only buy less metal
By next election we should be close to fifty trillion in debt. Fifty trillion dollars divided by 340 million (people) equals $147,000 in debt for every man, woman and child in America. That’s six hundred grand, in the hole, for a family of four. Just don’t seem possible.
Man I really hope you have a grand child or child you are teaching all your knowledge to sir. As always great video.
I’ve tried. But like most, they believe, incorrectly, that paper currency is more valuable than silver and gold.
Man I hope you can find someone to teach all this to. They should be able to just see the comments and love you get on RUclips to understand the importance. I hate to hear that sir.
You’re right, I need to start thinking about passing the refining torch on.
Why didn't you buy this coin from a shop? Did you get it at a lower price than this market? Please tell me the reason.
Because I know him. I did this for the show. To make an interesting video.
Wooo that premium is high on those 10ths. Not complaining, it’s on par, I’m always surprised. That quarter was nice.
It only seems high. I’m glad those coins were still there. I missed the Ducat. I would have paid more.
overall, 10% premium.
not a good deal man
Anytime we trade paper currency, that’s declining in value, for gold, that’s rising in value, it’s a good deal.
Those eagles sure were something. Very interesting to see your trades. 👍🏻
Will you use the dimes to inquart gold?
No, they contain a known quantity of silver. Putting them under the flame would be a mistake. I’ll hold those just like they are. Put them away, and forget about them.
We all know that you just want to refine it all! LOL! Well done!
Sreetips.i always love your trips to the flea market. It makes for great content!!!! Keep it up buddy.😊
A great way to “bling” in the new year!👍👍🤟
I been stacking up on silver. Silver 1 Oz coins, 1964 kennedy half dollars, silver nickels, dimes and quarters. If i come across scrap gold from ppl, i buy it.
M too
HEY MR SREETIPS, I've got a big question. When it comes to gold plated pins and connectors from electronics, the MAGNETIC ones.... What's the possibility you can place them in a crucible at 1950°F and the gold will melt off while the magnetic pins remain intact..... Just curious😂
I’ve never tried it. But my guess is that it wouldn’t work. Gold plated material is best processed in a sulfuric acid stripping cell.
@sreetips great info, thank you sir!! You are the man!!! 🫡
I found this interesting . I have been collecting mainly gold since around 2004.I like to see the best ways of selling my gold if I ever decide to sell it!
I’ve sold to Elemetal Direct and to ARA gold in Dallas TX. They both pay 98% of spot for your gold.
@@sreetips Sounds good. I can't lose I was only paying 600 to 800 dollars and OZ back in the day so it is all mostly profit now! Thanks
Just don’t be tempted to sell your gold if you don’t have to. Hang on to it. Because if you sell it then it will be gone and the currency you get for it will just get spent. Then you end up with nothing.
@@sreetips I don't need the money, and the person to whom I leave everything in my will. will have a nice windfall of gold.I have 155 gold coins and like I said, I never paid more than $800 for any of them. Plus I own my home so somebody will spend my money for me. That kinda sucks but it is life!
I’m in the same boat. I don’t need any currency right now. And when I do get some I immediately convert it into silver and gold.
What state are you in? When was this filmed?
For security reasons, I’d rather not give my location. This was filmed the first week end in Jan 2025
Longer video please ,love what you do
When buying sterling flatware what is a good price? Spot or more or less that spot? Thanks for your awesome videos!
I pay 80% of spot.
How much of a loss at the moment was it for you? And is it better to buy like this or bars?
I’d have to sell them to realize a gain or a loss. And I’m not wanting to sell any of my gold.
Is that the one in Columbia north something?
It’s the one out by the fair grounds
I so miss the subway token booths with silver coins lined up on the window. Now finding a silver coin is a rarity, nice finds Sir, have a great day!
I love these types of videos so much...
Im very surprised that person didn’t give you a deal on those dimes. I recently sold $10 face value of silver dimes and someone bought them all with cash, I gave em a good discount.
Thank you for posting this, it helps me to understand what I can currently expect to pay for metal. Prices are always on the rise or the federal reserve notes are falling, depending on your perspective.
That’s the perspective no matter what angle you look at it. Gold is NOT rising in value. It stays the same. It doesn’t change. What’s changing is the currency, It’s declining rapidly. And got a long way to go. Our grocery prices are sky rocking right now. Not because the items have become more scarce nor more valuable. It’s because 40% of all the currency in circulation today was created out of thin air back in 2020. There’s a long lag between when the fiat currency gets placed in circulation and when it begins to manifest in rising prices. But the prices only appear to have risen. What’s actually happened is the currency has declined. One guy told me his house doubled in value. I had to tell him that it has NOT doubled but rather the currency has lost half its value so that now it takes twice as much of it to buy the same amount of house. People simply do not understand what inflation is or where it comes from. And this is what enables those who create the currency out of thin air to pull it off. The public blames greedy businesses. It’s brilliant!
@sreetips I highly recommend you read the book "When money dies" by Adam Ferguson I'm quite certain you already understand most lessons that are in it. One thing that sticks in my mind is a brilliant comparison. It goes something like this. A person thinks that prices are unfairly rising instead of the currency losing its value is like a person who thinks the earth is the center of the universe and that all celestial bodies revolve around us. Our currency is not a true measure of value just as our earth isn't the center of the universe.
Inflation is like insanity. If you try to explain it, folks will just kind of shut down. One of the symptoms of insanity is doing the same thing over and over and expecting a different result. The definition of insanity is: unsoundness of mind. And that’s what we have with respect to understanding what inflation is (currency creation out of thin air) and where it comes from (the central banks creating currency to avoid financial ruin). I’ve pondered making video ms about this to educate people. But then I come to my senses. Restraint of tongue and pen (or keyboard) have served me well.
Are you having a harder time find scrap gold/silver for refining?
Yes! People are starting to wake up and realize that their currency is becoming worthless. It’s getting harder to find it. And this will continue as the gold and silver prices get higher and higher. Eventually we won’t be able to find it like we can now. It’s a mathematical certainty.
@@sreetips I've been paying 90% spot for scrap but having a harder time lately too. I figure that after refining I about break even at spot.
Break even? Do you mean that you sell the refined gold? I’m hanging on to my gold. Selling gold, if you don’t have to, with the spot price so grossly undervalued would be a bad move. My opinion.
@sreetips oh no I am holding it. What I meant was it ends up being about equivalent to buying 24K at spot. No premium.😃
Ok, thank you
Hi Sreetips I have a few questions I would like to ask:
1. What happens when inquarting with cerment silver
2. In your "of the counter chemicals" videos, you sometimes use a combination of HCl and H2O2 to dissolve the gold like when you use aqua regia in your normal videos and sometimes you use it to remove silver and base metals like using nitric, why does it not do the same every time? is it because the solution have an easier time to dissolve the base metals and as such doesn't dissolve the gold?
3. I am personally a student, so I want to ask what kinds of materials are a good place to start refining, in that it’s not too expensive or hard
4. Is your fumehood DIY and if so how would one make a fumehood
5. In one of your older computer scrap or gold pins video’s you shortly say that maybe it would be better to use a sulfuric acid stripping cell, is there a reason you haven't made a video of that? Other than the one from 9 years ago
6. Why not use the copper that have percipitated out on the iron, to percipitate out silver?
1) not recommended because platinum group metals tend to follow the silver. Using cement silver over and over would cause the PGMs to build up in the silver and cause problems in the silver cell.
2) HCl and H2O2 takes longer, but it completely eliminates the need for denoxx (removing excess nitric acid prior to precipitation). Aqua Regia is much quicker, but the risk of excess nitric is ever present. I used hot sulfuric to pull the silver and base metals from inquarted gold in one video just to demonstrate that it can be done. But it’s cumbersome and takes a lot longer than nitric boils.
3) the first item is, get a fume hood. No way to safely do these reactions without one. I ignored this when I first started. And now I suffer from reduced lung function.
4) I bought it on eBay, but it’s not good for refining because it has metal parts and they corrode and have a tendency to drop junk down into my work. If I had to start over, I’d get a large poly plastic tank with a six inch round opening on top and make my own fume hood with an external fan with F rated motor (high heat environment) and mount it in the attic. The fan and hood must be suitable for acid digestions, no metal parts exposed to the fumes.
5) I haven’t used a sulfuric acid stripping cell to process gold plated scrap because it’s messy, time consuming, and it takes a ton of material to get just one gram of pure gold, the yields are just too low for me to mess with it. But it is a way to get pure gold from junk gold plated jewelry.
Good work team
That's a nice haul Senior Chief!
Thanks!
I bought my first gold medal in December. :) Greetings from Hungary
Nice! Now put it away and forget about it. Resist the urge to convert it back to paper currency. If you do that then your gold will be gone and you’ll end up spending the currency. You’ll end up with nothing.
That last gentlemen was so nice and friendly ❤
Kev would be hilarious on that show, Cash In The Attic. Brother just walks around buying gold filled scrap, sells for spot, wins the show 😂
I picked up quarters recently. Yes I get it. Last year it was Eagles Dollars and auctions.
In Wisconistan chickens are still a form of currency 💲🏴☠️
In ancient times your wealth was measured in animals. Only royalty could afford to hold real money: GOLD
I love this. Keep Stacking Forever.
Happy New Year, Mrs. and Mr. Sreetips
Happy New Year
Nice video. Love them mercury dime design.
Why would you pay over spot for precious metals
Because I can afford to do it.
And to make the video.
Love from Norway!
Thank you Norway
Hello Norway ❤
I remember buying 1/10 Eagles /Kreugs and Maple leafs for $35 bucks a piece back in the late 90's Every pay day I'd buy one from the local CS and throw it in an old film tube can. The dollar was so strong back then that I was buying them just as collectibles.
40% of all currency that’s in circulation today was created out of thin air during the pandemic. The price increases from that massive inflation of the money supply are just now starting to show up. What are people going to do? There’s a line that separates those who have enough to get by, from those that don’t. And that line is slowly moving up as more fall behind and end up below the line. This is the baffling feature of printing currency “without limit” out of thin air.
And the public blames greedy merchants and companies for price gouging. It’s brilliant. They print currency, destroy its value, and the public blames the business man because he has to raise prices just to stay in business. It’s also insanity.
If these people would only know that you’re the mighty sreetips they would piss their pants😂😂
Mr sreetips thank you for sharing this wonderful video with us it was very enjoyable six stars sir
if you have the spare cash converting it to something that doesnt lose value is definitely the way to go.
great video
There are people out suffering from lack of ability to pay their bills. People are selling me their gold as a last resort to pay their bills. It’s not looking good. Yet the media says we are doing just fine. It’s insanity.
@sreetips crazy isn't it. How do you trust the media when it's so blatantly lying ...about money politics and just about everything else it reports on...ours in the UK is no better
@ The media is definitely not honest here in the UK either, theyre lying about all sorts of things that are clearly different when you see whats happening online...a very strange situation to be in...The mainstream media could learn a lot from social media
@ Its good for you but such a shame people are being pushed to the limit like this.
@@TalRohan I always try to talk them out of selling their gold. I tell them if they don’t need the cash then just hang on to the gold. A few turn away and keep the gold, until they really need it. But most say they have an expense so that they must sell their gold. In the end, they have no gold and spent all the cash. End up with nothing. It’s terrible out there, especially for fixed income folks.
Still amazed any flea market dealers have gold. None of the shows I do have them. It’s too risky for the vendors to carry it because people will steal them so easily.
I was very skittish. Twice someone I don’t know and have never seen before came up to me without saying a word, and showed me some obscure text on their phone. I think it was a diversion to get my attention while another was trying to pick pocket me. Weird.
As if collectable value doesn't decrease? Isn't it better to buy plain gold and silver compared to coins?
Doesn’t matter, they are GOLD
@@sreetips so gold bars and gold coins are the same price? I thought coins had a premium due to collectability
@@wavytiger1 Collectibility value is EXTREMELY dependent on the specific coin and/or coin-type.
@@wavytiger1 Pre 1933 gold has dual collectability. First off, it's 90% gold. Second, pre33 gold is also very collectable, so you pay a lil premium for sure, but WELL worth it IMO. Sure, the modern 'bullion' gold coins are fine too, and most are pure gold, not 90% like the older coins.
@@ct87gn25 but does a 1oz coin (modern) cost the same as 1oz gold bar or does the coin cost more?
Awesome 👌
Nice trade! Do you ever refine any of the currency you pick up? Or do you just stack it and refine jewelry scrap?
No, there’s no precious metals in currency.
@@sreetips 🤣 Nothin' like bein' a smartass, huh? Gotta love the literalism :)
@@sreetips okay, so I'll rephrase the question. Do you ever refine the silver and gold coins stamped by the government? Like for instance the coins you purchased in this video...
@Dean_F I'm considering refining war nickels down the road(efficient refining is relative). A proof of concept approach. Yes, I'm aware of all the junk in a war nickel.
Depending on the type of coin and amount of wear, I wouldn't balk at melting and refining other coinage.
I suspect if silver were to RIP, like it has in the past, 90% silver coinage and/or sterling will be bought by refiners well back of spot price. Incentivizing current refiners to refine it to purity.
I would never melt my mercury dimes or Morgan dollars though. Far too precious to me lol
Sreetips has said in at least one past video, that he does not melt/refine US coinage. But perhaps he would if it were VERY bad 🤔
@@Dean_F Lemme see if I can predict his answer: No. First, doing so is a federal charge (defacement of currency is the current wording of the charge, I believe) and second, they'll be more valuable as recognizable government issued dimes with known amounts of silver per coin than "raw bullion in random amounts" will be when trying to barter when (not if, WHEN) SHTF.
Sooooo serious question.... Keeping in mind that any person can do whatever they want with their money, what are you doing buying silver Sreetips? Didn't you say some time ago you had like 30 pounds of powdered cement silver? Or did you already process that through the beast without us tagging along?
Yeah, I think I would have spent the money on more gold. He accumulates plenty of silver anyway.
If you were offered a non descriptive hunk of metal versus a pile of pre 64 Quarters or Dimes, what would you be more inclined to accept?
@@NeverEvil1you get it 👍
Because I can afford to and I did it for the show. To make a new video. You can never have too much silver.
I would have bought more gold, but he didn’t have any more gold.
Would like to see some streetips merch up for grabs one day👍
As you can see, I’m buying, not selling. I know that folks would love to buy some of my metals. But with silver and gold so grossly undervalued, it makes no sense to sell. Maybe when silver gets up over a hundred bucks I may start pouring and stamping some 5 ounce silver bars again. Then offer them for sale on my eBay site.
@sreetips i was thinking more like t shirts and stubby holders and stuff like that 👍
Oh, sorry. I misunderstood you.
A thought has been weighting on my mind for a while after watching this. An important Cavot is to know who your buying from... I see you did a basic weight/ diameter/ thickness test on the gold. Are you testing the silver, there is a lot of fake material coming in from overseas, I've seen fake junk silver a former coworker of mine got swap meet. That was detectable with a magnet testing indicated a ferrous metal core with a nickel followed by silver flash, but a lot of it isn't anymore (Brass, zinc, Tellurium copper, tungsten etc. Often the coins are struck, the strike quality varies, as does the quality some are obvious others are not.
Very important. I was called to my jeweler friend. A customer had bought a large 5 ounce silver coin on eBay for just fifteen bucks. He thought he had found a way to become rich quick by buying these coins and immediately reselling them for more currency than he gave. He wanted me to test the coin to verify that it was in fact pure silver. I told him that I must use a file on the edge of the coin to file away some of the metal. He agreed. So I filed it and had to go no further. I hit yellow metal (brass) just under the surface. It’s the old saying that if it seems too good to be true, then it’s probably fake. Someone playing on people greed pulled one off on this guy. Thankfully he only bought one. Saved him some grief before he went all in
Are you going to clean the silver coins ?
No, just put them away and forget about them.
Some beautiful looking hard money there Sreetips.
You can’t go wrong converting currency to real money: gold and silver.
Did you break even or did you come up I know you traded worthless paper for this but did you make a profit
I don’t know. I’d have to sell the metal in order to determine if I made a profit. But I’m not wanting to sell any of my gold. I’m buying, not selling. The gold will be worth more than I paid next year at this time. It’s a mathematical certainty. The paper currency that I traded for the gold will also be worth less next year. That too, is a mathematical certainty.
@@sreetips your right about that I know we're goin in the tank I've been wanting to start saving something like this so when China takes over I'll have more than a little bit of paper or some account number they laugh at just kidding but for real the US economy has let me down
I had to sell silver to get money for lab equipment and this years budget , kinda of a drag but two kids in college. One day streetips I’m gone to pour a two ounce gold bar 🎉
Nice, I hope it goes well for you.
Its great but how do you spend it? I mean I want to see you get some food with it without over paying. So I guess you would have to make the tiniest of pieces of gold to give as currency. Make gold BB's? BTW, that market would not get my money with them discounts.
Currency is for spending. Gold and silver are for saving. You don’t want to hold your savings in stacks of paper currency because they are declining in value due to currency printing “without limit” out of thin air. Instead we convert our declining currency into metals that are rising in value and hold our savings in these metals. If we need some paper to buy food or pay rent, then we can always sell a little of our metals and use that currency to satisfy those needs. You don’t need an economics degree to understand this. The currency is based on nothing (fiat means based on nothing) and has no real value. Our currency is based on deception. They tell you it’s valuable (when it really isn’t) and you believe it. They can’t do that with gold and silver. Silver and gold stand on their own since the beginning of time. They have been real money, real wealth for as long as history began. And that hasn’t changed regardless of what others say. You hear “pet rock” or “expensive door stop” my favorite is “barbarous relic” call it what you want, but it’s still here and it’s still used as the standard by which anything can be accurately valued. Can’t use paper currency to accurately place a value on anything. Because they can and will print, borrow, and spend thus destroying the value and purchasing power of the currency. It will fail because all fiat has a 100% failure rate, without exception. It’s a mathematical certainty.
I can now start buying in bulk. They took the state tax off precious metal. I'm guessing that's the going price 4 to 5 dollars over spot for silver. I found a pawn shop that went to 3.50 over spot if you get at least 10oz but that's been awhile back. I like the gold, but I think silver will be the big return when it flips. Then it will be untouchable. Great video
Silver is for food, gas, clothing. Gold is for big ticket: car, appliance, new roof.
Silver is in high supply since Trumps win, you can get it for spot +$1 all day at coin shops right now. Don't pay more, shop around. Check the internet and compare what you're paying.
Where is it
Flea market out by the fair grounds.
Makes me think of "From Russia With Love" where Bond's case came with fifty gold sovereigns because it's a currency everyone would accept.
You can convert silver and gold, gold especially, for local currency anywhere in the world. Like Sreetips said it is real money.
Fiat currencies have a 100% failure rate, without exception. Fiat means “backed by nothing”. And when they fail, people always turn to real money: silver and gold.
@@sreetips Anyone wants to pay me in gold, I promise your money is good here :D
She’s high on her quarters, I’m buying them at my LCS for 5.25
She was high on EVERYTHING she was selling. Just saying.
Nice!
I know, it doesn’t matter. I’ve known them for years. They are good people.
That's awesome. As of yesterday, my local pawn shop is doing $27 for $1 of junk silver, any combination of coins. $21 for 22.5 grams of silver isn't bad at all. I wish my area had deals like that 😂
After watching your video where you worked with silver nitrate, I thought that was a great video like all you videos, I was interested so I looked around to see how much silver nitrate is worth, and to buy the amount you used I would pay over $200 I knew it wasn't cheap but after everything else you allso would need to buy, its a thing I'd love to try but if I got it right you wouldn't be far away from breaking even, in a video a long time ago you showed you silver cell ,I think it's brilliant I'd do it if I knew how too.
I always prefer silver over gold as I look at silver being used for daily transactions ....food/services and not over paying.
Silver for low budget items such as food and fuel. Gold for big-ticket items such as cars and appliances.
Thanks for sharing with us Sreetips 🤠🐉God Bless 🙏
Thank you
was sweet chips there I'm surprised you try to take a baby goat home lol
Keep my grass mowed for me
in 1950, that dime would buy you a cheeseburger. Those dimes still can. Funny how that works. Also, very fair price on those dimes.
In 1960 a quarter would buy a gallon of gasoline. Today a 90% silver quarter is worth $5.44 and gas is about $3 so priced in silver, gas is cheaper today than it was back in 1960. That’s not a coincidence. Gas price is plastered on every street corner. Goes a long to soothing the “consumer” as they drive to the grocery store to buy a $7 head of cauliflower.
@@sreetips In minutes of work, oil and gas prices are pretty much flat over the past century.
Interestingly, (I own an oil company), commodity companies actually have to have productivity because the only thing we can compete on is cost. an iPhone has a "moat" of intellectual property they can charge for.
But energy, food, shelter and grain in terms of work units or metals is pretty much flat.
I agree. It’s not gold making new record highs. It the US dollar making new all time record lows, priced in gold. Gold is still the standard by which anything can be priced, regardless of what others say. And the currency is going to go much lower. If an ounce of gold back in 1933 was about twenty two bucks, and today an ounce of gold is $2650 then that means $22 divided by $2650 equals 0.0083 which is less than 1% of its original value. So the U.S. dollar has lost greater than 99% (99.17% to be exact) of its value and purchasing power since 1933. How can this be? The answer is simple: creating currency out of thin air with nothing to back it up.
@@sreetips yup. Paper money is an IOU. It used to be an IOU for gold or silver. Now it's an IOU for labor, with a maximum value set at $7.25 an hour. Silver coin doesn't involve an IOU. The value is built in.
No law says I can't "only take" pre-64 coins in exchange for retail goods. Oh look, I only had 5k in profit this year. Guess that puts me at the bottom tax bracket.
What's this? New ruling from the IRS that there's no capital gains on constitutional silver? So, when I need to convert it to fiat, that's not a problem either.
I didn’t know that. Thank you
Love ya work😁
Thank you.
Making some good moves thanks for sharing
Happy New year to u and the family hope u han an amazing Christmas aswell.
Same to you
Nice buys .... I still say you should get a Sigma metal gold and silver verifier/tester
The sigma can and has been fooled by the new counterfeit coins. He's weighing and measuring them which should be fine.
hello sreetips, question: what percent of your time in your profession is spent searching for precious metals?
I don’t do much searching. That’s Mrs sreetips area. She finds the best deals. I only do it occasionally. On Saturday I had two gold deals. Both were from people I’ve bought from before. They call me when they need currency. And I got to tell you, they’re scraping the bottom of the barrel. What are these people going to do when they’ve finally sold me all their gold?!
@@sreetips from the videos I've watched and your interactions with the precious metal sellers it saddens me that they may be struggling.
There’s a poverty line that slowly creeps upward. Those on top of the line have enough to make ends meet. Those below the line don’t. This is the baffling feature of creating currency out of thin air, with nothing to back it.
It sounds good and it works for a while, but then it always ends in financial ruin. 100% of the time, without exception.
That doesn't happen to be Dills is it?
No, him name is Tim.
@@sreetipsthe place in your vid looks familiar, I used to get my farm animals from an auction venue that looks very much like that place, they also had a flea market area
@@sreetipsthe place I'm referring to is called Dills, they did livestock auctions
I see, this is the local flea market. It’s not called Dills.
Going to the markets or trash and treasure whichever you call it in America is a great way to get some good priced items,but some people are real hard and won't haggle or barter,that lady should have thrown something in or given you a discount.
They “make money” by selling these coins. I don’t have to worry about selling them for more paper. I achieved my objective: turned paper currency, that’s declining in value, into metals that are rising in value. Don’t need a degree in economics to understand that that’s a good deal, no matter how you look at it.
Crazy question here... If someone were to find the largest gold vein in the history of the world, that had enough gold in it so that every human could walk around draped in it - what would gold be worth?
Science tells us that there’s enough gold in the center of the earth to form a layer of pure gold 13 inches (33 cm) thick over the entire planet. There’s gold in sea water. There’s gold in your back yard. It’s everywhere. The problem is getting it. Gold is mentioned over 200 times in the Bible. There’s no group of people that got together and decided that silver and gold would be real money. It just happened by default. They are the only two metals on the periodic table that are suitable to be used as real money. It’s easier to remember it like this: long after all other forms of currency are gone and forgotten, gold and silver will still be here. And they’ll still be valuable.
@@sreetips Thanks for the reply! Love the vids.
As a prosecutor I would like to know what the reason is for jewelers getting excited o er raw gold. Not trolling, would love to know why the level of excitement.
It's real money. Holding a gold bar in your bare hands feels like nothing else. I'm curious though, why do you ask as a prosecutor?
As a former watcher of medical tv shows I can assure you prosecutors know nothing about gold fever.
Greed basically.
As a Nordic fisherman (Blue Herring, none of that worthless Red herring crap) I suppose it's that these people have come to view gold and silver as real money. It certainly excites a certain feeling in your hands that paper currency does not.
Gold & silver is the real currency as paper money is losing value while gold & silver will always increase in value
You can get better deals online but i like p2p too
Me too, especially since I know the guy.
you seem to be paying a very high premium ,could you do better from online from jm bullion ?
Vermillion Enterprises beats JM and the rest of the big boys. They have a channel.
Yeah but there’s more paper than federal reserve notes online. Nothing like a cash trade.
He could... but that wouldn't make for much of a RUclips video would it? 😂
Possibly. But that would be a very dull video.
Well the other option was to use it for toilet paper… seems like a win to me 😂
Nice
Wow! You spent more than I bring home in a month!
That wasn’t an expense. Rent, groceries, dry cleaning, gasoline, clothing, movie tickets, those are all expenses. And we’ll never see another nickel. Not so with precious metals. I’ve merely converted the currency that’s declining, into metals that are rising. Currency is for spending. Gold and silver are for saving.
Good pick up
Better late than never I suppose but 30+ years ago was an ideal time to buy.
When trading currency for gold, anytime is a good time to buy. It’s not an expense. Gas, food, rent, clothing, movie tickets, those are all expenses. Never see another nickel from those. But gold just keeps rising as the currency gets worth less and less.
@@sreetips id say the same for silver albeit slower.
Do a search for President Johnson’s remarks about the coinage act of 1965. He says, “If anybody has any idea of hoarding our silver coins, let me say this. Treasury has a lot of silver on hand, and it can be, and it will be used to keep the price of silver in line with its value in our present silver coin. There will be no profit in holding them out of circulation for the value of their silver content.” He is saying that the treasury will dump silver to keep the price down. Today they can do it with paper silver futures contacts. But what if they get squeezed? Don’t worry, they can print all the currency they’ll need to cover any short squeezes. It’s brilliant. They crush the inflation hedge, with more inflation. And the public blames greedy merchants for price gouging.
Real money is what you can buy groceries with, no grocery store is taking gold or silver.
Currency is for spending. Real money (GOLD & SILVER) are for saving. If you need some paper to buy food or pay rent then you can always sell a little metal to meet those needs. But stacking paper currency, that’s declining in value faster than a snowball in July, as your savings? Well that’s just utter insanity.
You got some nice coins there. I just don't quite understand what the appeal is for you to buy these, apart from a bit of diversity in your stack and your video portfolio. I don't know what the real cost of your refined gold and silver is when averaging your buy prices for scrap gold/silver and adding costs for chemicals and power. But I assume your cost average might be way below what you just paid for these items normalized for fine weight, else you wouldn't do it. I bet Mrs. Sreetips is very skilled in sniffing out the good deals at yard sales and flea markets. So is there any reason for you to buy those "expensive" coins other than the above mentioned reasons instead of buying scrap gold/silver and refining it for even more gold/silver?
By the way flea markets are my main hunting ground for silver. Just yesterday I bought two 10 DM and one 5 DM coin with a combined fine silver weight of 26.27g for 20€ (20.80$ US). These are .625 silver coins and widely available here in Germany for obvious reasons so they often can be found reasonably priced. Some weeks before I managed to get five 10€ coins (the .925 variety) for 52€ or 54$ US respectively. Fine weight of those combined is 83.25g. That was definitely one of the rare deals, they tend to cost more. But it's all about the hunt (:
Gold and silver are not investments. They are real money, real wealth. If I was going to try to sell these for more paper currency than I paid for them then yes, cost basis would be a concern. But I’m not selling any of my gold. I’m buying, not selling. So I don’t have to worry about gaining more paper currency than I traded for the gold. You only have to right once with gold: when you buy.
@@sreetips Well I agree partially. It's wealth but if you (or your descendants) don't intent to use this wealth later you might as well not have it at all. It doesn't make sense to hord wealth without the intention to eventuall use your wealth for something you (or your descendands) want or need to do. You essentially trade life quality now for the chance of a higher life quality later. And since you're a very skilled refiner: If you have the choice to buy the bullion coin or spend the same money on scrap gold that you can convert to more gold using your skills and infrastructure, it makes more sense to do the later because you end up with more "wealth". Thats assuming of course you get good deals on scrap gold and silver for the refining but I trust Mrs. Sreetips to have you covered (:. So I still don't see why your purchase made sense given your circumstances.
I see what you’re getting at. I bought these coins because they are made of highly valuable gold that’s rising in value. I did it to make the video. I buy cheap gold all the time at local estate sales and yard sales (actually Mrs sreetips does most of the buying). Then I take the scrap gold and refine it to make videos for my channel. This generates more currency for me. And enables me to buy more gold, regardless of the price. It doesn’t matter because I know that these coins, as over-priced as they may seem, will only go up in value. I’m certain of that. Because the currency is going to endure more declines when the new admin gets in there and begins to borrow, print, and spend. This can only mean one thing: the currency will decline even further. And this will be reflected in higher gold and silver prices. It’s a virtual mathematical certainty,
@sreetips That makes sense (: Thank you for taking the time to respond to comments im a detailed manner. Keep up the good spirit and greetings from Germany (:
Thank you Germany
I look up to you my friend
The silver seemed pretty overpriced no?
No
Stackers don't think that way, they still ridiculously believe that silver will rise to $100 or more an ounce someday.
Gold and silver will not rise. They don’t change. They stay the same. What’s happening is the paper currency is being debased due to currency creation “without limit” out of thin air. And just wait until the new admin takes over. Borrow, print, and spend policy will send the currency, priced in gold and silver, to new all times lows. The metals don’t rise. it’s the currency that’s declining. So that it takes much more of the debased currency to buy the same amount of metal. Few people understand this. And that’s why I’m able to get all this gold and silver by trading paper currency, that’s declining in value, for metals that are rising in value. It’s like printing money. Silver will top a hundred bucks. It’s a mathematical certainty. Not because it has become more scarce nor more valuable. But rather because the currency has declined precipitously.
@ I’m not doubting the true value of silver or gold vs paper currency, just more so the price seems high when you could get more silver for less paper money elsewhere? I guess I don’t buy much silver us coins but it just seems high. I guess the fact they are minted coins add value somehow?
To me price doesn’t matter. I make it up through my wife. She bought 7.5 pounds (over 100 ounces) of unmarked silver at an estate sale for sixty five bucks. People didn’t recognize it as silver, but my wife did because we handle so much of it. With deals like that, I can afford to pay high premiums for the silver that I buy in my videos. You can’t go wrong. You only have to be right once with precious metals; when you buy.
141 👍's up sreetips thank you for sharing 🤗
Shouldnt be paying any premiums above melt on junk right now. 1.70 per oz melt / spot
You’re listening to too many talking heads.
اين باقي الفديوا
That’s all there is and there ain’t no more.
@sreetips I want the rest of the video talking about acid time, I have a piece of gold that contains a large amount of copper.
If the gold content is less than 30% and the rest is copper then you should be able to remove the copper with hot dilute nitric boils. The copper will dissolve. But the gold won’t. Then you can collect the gold in a filter paper and refine it.
Exciting! little jealous 😎
Don’t be jealous, get some! In ancient times your wealth was measured in animals. Only the elite royalty could afford to hold gold. You’d be surprised at how you can get by with 10% less of your earnings. Take it, and buy GOLD. Every month. It’s not too late to start now.
@sreetips Don't get me wrong sir I have a few shiny pieces I'm jealous because I'm priced out of the market shaky employment being a carpenter is not easy in a negative 60% market in my area
Thanks for sharing your video
Mr. Tips you seem to love the flea markets...
Why not be a vendor?$,...
Selling the that pure silver crystal.
Because, I’m buying silver, not selling it. Especially with the spot price so grossly undervalued.
Oksar❤