My List: 1. Buy a metalytics type device to check your purchases. 2. Log your silver, include where bought price, spot price for they day, mint, round or coin design. 3. When buying Constitutional HAND PICK your coins. Old coins which may have some numismatic value, are more often than not really worn. 4. Stick with coins that their condition for the most part does not matter. Touch them all day without gloves. The times are coming where looks is the last thing people will worry about.
@@ItsEverythingElse I agree about the tester but hand picking what you buy isn't a bad idea. I like dimes for example. I have certainly just asked for a certain amount and not sorted through them and also have hand picked. Because of my "just give me what you have attitude" I have quite a few dimes that are so worn they don't weigh nearly what they should. Hand picking doesn't necessarily mean you're looking for something worth more than the silver. Just making sure you get your moneys worth on something decent rather than getting the crappy stock.
I think a better option for beginners on a budget especially would be ping testing, looking up the diameter ( and a digital caliper maybe),getting a scale, and some neodymium magnets all except a handheld ping tester maybe can be got from aliexpress or temu etc for under $20 probably less than $10. Of course buying them from reliable dealers only until you are more familiar with what fakes look and feel like is also the best practice. Never seen a fake that passed all those tests yet at least, not a dealer though
Something else good for a new stacker to consider is shopping for your preferred "local" coin shop. If I buy from my shop 5 minutes away he charges me sales tax for anything less than $10k. Might be true, might be a rip off, I really don't know. But my preferred "local" coin shop is about an hours drive out of state. I don't get charged sales tax there. This really adds up in the long run!
I like this type of video's you put out, it keeps me sharp, plus it keeps me online and focused, nothing wrong with re-training. Thank You Sir. THE SARGE
Yes! I'm celebrating £32K stock portfolio today... Started this journey with £3K.... I've invested no time and also with the right terms, now I have time for my family an…
when someone is straight forward and good at what she does best. People will always speak for them. For me I can would say give Mrs Sonia Duke of finance education a try and you be happy you did
Respectfully, there is far more risk in silver than gold, you even said so but called it volatility. Buying an ounce or two of silver isn’t an investment, it’s a purchase; so when someone, say, decides to start stacking they may look to buy 10 oz to start investing. I believe that buying a 1/10 oz of gold would be a better buy, as it would cost less, have a lower premium, and be less volatile. Silver up 25% this year is essentially moot as the buy premium combined with the back-of-spot buybacks completely erase any potential profit. Gold, however, would show its owner a profit even in fractional form. Just my thoughts
Thanks for the tips! I've been watching your videos since yesterday. I've learned a lot from them! I ordered a 5oz silver bar and a 5oz pack from them as well! In a couple of weeks, I will buy some junk silver and a 10oz bar, hopefully. Have a good day SD!
I just ate out it cost $35 for two people. That meal could of been prepared at home for $5. You know what I'm sayin. I could of owned another ounce of silver.
@@chobiden7770Yes, and significant others deserve that stuff. We spent 400 usd on a dinner for a family member after school graduation, It was very worth It!
Been watching you're videos, and learning valuable information. Just started stacking this week. Glad there are people like you that share they're knowledge! Your very much appreciated!!🤗
There is a metal that does not get milky, does not tone and simply does not degrade... it's called gold. It's what central banks keep buying and it has outperformed silver many time over in the past few years... :)
Expensive and the color of pee. lol long term for stability yes as he mentioned, silver is for less wealthy folk, we can then trade up our silver after a while for an ounce or even just 1/10 oz of gold at a time.
Silver Dragons you have some nice Silver Rounds & Bullion & Bars & Gold!!! I started stacking Silver first & know I am stacking Pre-33 Gold for my Portfolio. 🥈🥇🥈
Sterling silver is over 90% (925) and my lcs will buy it all day long so if you find some say at a garage sail hang on to it. Thanks for another great video, Silver Dragons
Yes! I'm celebrating £32K stock portfolio today... Started this journey with £3K.... I've invested no time and also with the right terms, now I have time for my family an…
It's also a lot of fun to trade silver for goods and services, within a circle of like minds, like a bunch of us where I live have been doing for a few years now. Building a close circle is just as important as stacking silver. Good post though!
A qualification that I have regarding SD's advice (which is almost always great advice): There are MANY reputable dealers on eBay. For example, APMEX, JM Bullion and even KITCO will sell on eBay, along with many other honest vendors. BUT what he says is also true: the ARE also disreputable sellers on eBay who will sell fake silver and gold. So maybe you could alter SD's advice by saying - avoid eBay UNTIL you determine who the reputable names and dealers are. The rating system on eBay goes a long way in helping to make that determination. Also, eBay sales are usually done through paypal or credit card, so the PP/CC prices are a bit higher than if you pay by wire or personal check directly with a vendor. Keep in mind though, that for many vendors, their eBay credit card price is CHEAPER than their direct online sales credit card price (for whatever reason.)
Costco and Walmart are also good alternatives to ebay with their respective cashback cards. People make out like bandits when Costco doesn't update prices to reflect market movements fast enough :'D Walmart's 5% cashback card is also nothing to sneeze at, it puts a lot of silver at spot and 1oz gold coins&bars under spot.
@drewmcclintock7034 Yes...I think the price of silver is low and when it is gona by expensive..people will start to be interested in vintage and history of silverbars..Silver and gold will be as collectable as watches Rolex off Bags....
Something else a new stacker should do that i didnt do and wish i had, keep a log or spreadsheet of what they have and its value. What is it, date you bought it, and how much you paid for it. That could help your family a lot or whoever inherits your stack.
Numismatic coins in my opinion are better than rounds but im not a stacker, im a numismatic kind of guy, and gold is my favorite metal but the prices are getting crazy!!
It can be worth checking prices across multiple online dealers even if the product you want is only on the deals page one site. I've seen better deals for the same product on a different site than the one that had it as an official deal before.
A most important thing is to learn what the coins should look like. A friend of mine bought 50 proof maples but didn't pay attention to the details. All the proofs were steel.
The most important thing a stacker or anyone else who buys gold or silver are where the supports or stops are as to wait before investing. Example : Gold goes down to 2425$ and goes down further to about 2415!$. Well the trader logic is that gold will go down to 2400$ whatever so it's just a waste of money to buy before the stops are solidly in place. 2400$ gold seems to me to be extremely strong and therefore it's a great time to buy. 29$ for silver looks also very solid. You can buy your coins way cheaper if you know what the stops are.
I have the opportunity to purchase some bullion rounds, 2 oz. I believe they are Intaglio Mint, but they are stamped REJECT on one side. I believe they are legit silver as they guy is known to me and tested them with a Sigma machine...they are at a better price that "non-reject" but they are just as "Silver" being 2 oz. 999 fine. I want to hold, not flip these...what do you think of this type of round, for stacking anyway? Thanks.
I'll add that new stackers should concentrate on buying as close to spot price as possible, don't wrap up your entire stacking budget in larger pieces like 5oz, 10oz and 100oz bars because they are harder to barter with, but they do help to lower your "cost per ounce over time". Also, don't go into it thinking you're going to get rich fast; metals are a long-term investment intended to hedge against inflation, not make you a million dollars overnight.
Such a pity Value Added Tax VAT at 20% on new silver (gold is VAT free) and even though only on the margin for pre-owned, though at the moment the margin on pre-owned seems to make up for the VAT.
My local shop is a pawn shop, and he tests everything, even the stuff he gets from the distributor. Only time I've gotten fakes is from Whatnot and RUclips auctions. I can't get the $170 back from the silver chain I bought, but I did get reimbursed from the RUclips auction guy. Guess everything depends on who, when, where, and how. Wish I had a Harry, but I'll settle for a Gerry.
Generally, metals aren't an investment. Metals are a hedge. In the wild West days of the US a silver dollar would buy a nice meal, sell an ounce of silver and you can buy a nice meal. A $20 gold piece would buy a nice tailored outfit, for a man or woman, sell an ounce of gold and go buy a nice tailored outfit now. Non numismatic metals hold value.
Would it be super offensive to ask to have a gold coin tested in front of you when you’re buying your first one at a coin shop? I know they do it everyday but 2500 is a lot of money to not be 100% sure
If they give a bad attitude when asked to test it, you’re in the wrong kind of coin shop. Also, a good coin shop should be willing to test anything you bring in, whether selling or not.
Gold is a tier 1 asset though it's better than cash liquid has cash, I would go gold and silver if I had left over cash. Gold is king cash is king without the crown. Silver is just too bulky and it takes up too much space.
Plus, 3 more 15. Never tell anyone you got precious metal. (Like telling your baby mama your got extra cash. Don't do it.) 16. Only use fake name to hide your real name. (For example, "My name is Richard") 17. Keep your precious metal hidden. " " . . .
Risk with silver is it goes decades flat. I've bought so much from people who held for ever and cashed out at or near what they paid. I have bought from people who paid $6 an oz and sold in the $40s. But think how long they held and how they could have invested in so many things that did much better. It's a waste of time. I got into business in 2003. Gold was ,$435
@@thedaveandjimshow3809silver price has also been manipulated for decades. Criminally so in my opinion. But many like myself see that price rigging is about to end (albeit not voluntarily). Silver will reset to its true value.
There's no need to put silver in a refrigerator. I knew a gal who thought she was brilliant for keeping important papers in her freezer. Then there was a power failure when she was away on vacation and all her important documents were ruined when the ice melted. Keep your papers and metals in a good safe
@@TUKByV1 Sorry, i replied from my phone which is logged on to another account. I thought the refrigerator was a good place as nobody would ever check there. The problem I have with safes is that they can be picked up and taken away
in the USA we don’t have VAT on silver. Some states do have tax though. Do you live in Europe? I’m not sure the tax across the pond it is always changing.
In addition to #1 your trusted preson who knows your stacking should be at least somewhat educated on silver values and how to value silver. For instance if you die you wouldn't want your spouse to give away your stack for pennies on the dollar.
Don't keep your Silver/Gold stack at your house, find a secure spot that is not going to create danger at your house and store it there. If you MUST put it at your house, make sure it's not out in the open so that anyone coming in can see it and then of course like is said here don't talk about it...EVER. If anyone does know, then you tell them you had a family issue that they may know about along the way or you got in some debt and had to sell it all and you no longer have any so they forget about it and it's off anyone's/everyone's mind. Just my 2 cents.
I’ve bought from several and had no problem. SD Bullion, JM Bullion, Provident, AMPEX, Monument Metals, Modern Coin Mart, Hero Bullion, BullionMax. I just looked them up on web, signed up for sale notifications, and compare weekly sales when I’m ready to buy more. I watched a few RUclips videos rating the major online dealers, that’s where I got several of the names. Happy Hunting!!!
@@Paul205X0 I've ordered through APMEX for the special stuff and used Guidance Corporation for the rest. It's just scary as a new person not knowing what is a legit or scam sight. There's so many sellers who get fake reviews too.
Here’s another fact: lcs will typically pay the least for sterling jewelry, tableware and silverware compared to the same weight in coins, bars or rounds.
@@BoxStudioExecutiveabsolutely I know that that's not my point my point is it has more silver than constitutional. Which actually kind of makes those pricing schemes make no sense. It's just bias.
@@leftendo668 No, it makes sense. Virtually nobody is out there stacking sterling because it’s oddly shaped, has very high premiums, and has questionable weight / plating. On the other hand, rounds, bars and coins are easily verified, have known weights, and can be stacked for collecting so they don’t take up a lot of room, making them more easily secured. The price difference on the secondary market is totally justified.
The thing is, even if you tell your family and friends that they should stack for their own good they're ultimately going to ask if you stack. You can't say NO because then you look like a hypocrite for lack of a better word. And if you say YES then the next question is, Really? How much do you have? And if you say, well I don't like to say, then they automatically think, Damn! He must have a lot! Best to say nothing I reckon.
Question from last video I’ve been purchasing my metals through local coin shops paying cash , I wanna buy off of sdbullion or any other online metal websites , do those transactions have the be brought up to irs or no? (I’m a new stacker started this year !!!)
no coin shop or online dealer will ever bring up your purchases to the IRS unless they are required to do so under the law. The same laws apply to both coin shops and online dealers. One thing that will trigger reporting is a cash purchase over 10k for example regardless of who you buy it from.
So best bet just keep it under 10k I don’t spend over 200 at a time so I should be fine and appreciate it silver dragon for the reply keep it up boss !!!!
Interesting fact for people that believe that we have been visited by aliens.... The 1s electrons in hydrogen travel at .7% the speed of light. The 1s electrons in silver travel at 34% the speed of light, 1s electrons in gold travel at 54% the speed of light. 1s electrons in Element 115 are estimated to travel around 90% the speed of light.
This doesn’t really make sense. Electrons in an atom aren’t exactly “traveling” anywhere. They’re in quantum superposition; their location is given by a probability function and is not truly known until an observer measures it.
@@BoxStudioExecutive I'm talking about the speed at which the 1s electrons are zooming around the nucleus. That speed can be measured.... Not sure what you are disagreeing with? Relativistic?
@@taylorman40x9 electrons don’t really zoom around the nucleus. It’s not possible to identify an electron and follow its movement around the nucleus. Since you can’t do this, measuring its speed doesn’t make any sense.
It’s because an lcs will pay at or near spot for coins because they’re movable, but spot minus 10% for sterling because nobody cares about sterling and it is going straight to the refiner.
@BoxStudioExecutive that's flawed logic.... They're literally skipping over something of higher purity. I'm not sure who ICS is but 92.5 is better than 90 regardless. Seems silly. It's like saying I'll take 14k gold but 18k is trash
@@dustinpribble1546 It’s not flawed logic. Junk silver is easily recognizable, well known, and easily authenticated. Sterling? No such luck. There’s a much smaller market for it, so it’s worth less. The higher purity is irrelevant, only its worth on the market is what matters. I don’t write the rules, you don’t like it, better go start an education campaign extolling the virtues of sterling. Good luck.
Yeah so even though sterling silver is 92.5% pure coin shops will pay way under spot for it so it’s not recommended for stacking… I recommend watching this video for more info… ruclips.net/video/LAnD8pHCrYY/видео.htmlsi=Cvma_985xLNgRKT3
My List:
1. Buy a metalytics type device to check your purchases.
2. Log your silver, include where bought price, spot price for they day, mint, round or coin design.
3. When buying Constitutional HAND PICK your coins. Old coins which may have some numismatic value, are more often than not really worn.
4. Stick with coins that their condition for the most part does not matter. Touch them all day without gloves. The times are coming where looks is the last thing people will worry about.
Very few people are going to spend $1000 on a tester. And have fun wasting time sorting through 90%.
@@ItsEverythingElse I agree about the tester but hand picking what you buy isn't a bad idea. I like dimes for example. I have certainly just asked for a certain amount and not sorted through them and also have hand picked. Because of my "just give me what you have attitude" I have quite a few dimes that are so worn they don't weigh nearly what they should. Hand picking doesn't necessarily mean you're looking for something worth more than the silver. Just making sure you get your moneys worth on something decent rather than getting the crappy stock.
I agree when silver doubles in one day they will weigh it by the bad
I think a better option for beginners on a budget especially would be ping testing, looking up the diameter ( and a digital caliper maybe),getting a scale, and some neodymium magnets all except a handheld ping tester maybe can be got from aliexpress or temu etc for under $20 probably less than $10. Of course buying them from reliable dealers only until you are more familiar with what fakes look and feel like is also the best practice. Never seen a fake that passed all those tests yet at least, not a dealer though
I keep all of my receipts in a box.
Something else good for a new stacker to consider is shopping for your preferred "local" coin shop. If I buy from my shop 5 minutes away he charges me sales tax for anything less than $10k. Might be true, might be a rip off, I really don't know. But my preferred "local" coin shop is about an hours drive out of state. I don't get charged sales tax there. This really adds up in the long run!
Agreed - sales tax (in those states that apply it to precious metals) is like a 5-7% boost in the premium you're paying.
Yeah if you’re able to that’s a great tip! 🐉🔥
I like this type of video's you put out, it keeps me sharp, plus it keeps me online and focused, nothing wrong with re-training. Thank You Sir. THE SARGE
🫡❤️
I'm favoured, $60K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
As a beginner what do I need to do? How can I invest, on which platform? If you know any please share.
Yes! I'm celebrating £32K stock portfolio today...
Started this journey with £3K.... I've invested no time and also with the right terms, now I have time for my family an…
when someone is straight forward and good at what she does best. People will always speak for them. For me I can would say give Mrs Sonia Duke of finance education a try and you be happy you did
Started with 5,000$ and Withdrew profits
89,000$
I'm glad to write her tay I do hope she will help handle my paycheck properly☺️☺️☺️
Silver Dragons, this is your absolute best video ever!!! Thanks so much!!!
Wow thanks for watching! 🔥🐉
Respectfully, there is far more risk in silver than gold, you even said so but called it volatility. Buying an ounce or two of silver isn’t an investment, it’s a purchase; so when someone, say, decides to start stacking they may look to buy 10 oz to start investing. I believe that buying a 1/10 oz of gold would be a better buy, as it would cost less, have a lower premium, and be less volatile. Silver up 25% this year is essentially moot as the buy premium combined with the back-of-spot buybacks completely erase any potential profit. Gold, however, would show its owner a profit even in fractional form. Just my thoughts
Wishing everyone happiness, peace and joy
I tried to be respectful but could take the bs.
Thank you Silver Dragon always good advice that you give
🐉🔥
Thanks for the tips! I've been watching your videos since yesterday. I've learned a lot from them! I ordered a 5oz silver bar and a 5oz pack from them as well! In a couple of weeks, I will buy some junk silver and a 10oz bar, hopefully. Have a good day SD!
Reputable dealers also sell on eBay, just for your info. I buy from apmex, Pinehurst, scotsdale, brass, j bullion, just tomention
EXCELLENT tips!! Thank you!!!
I just ate out it cost $35 for two people. That meal could of been prepared at home for $5. You know what I'm sayin. I could of owned another ounce of silver.
yeah but you need to enjoy life also not just prepare for doom and gloom
It’s still a waste of money for like the next 20 years until you can break even.
@@chobiden7770Yes, and significant others deserve that stuff. We spent 400 usd on a dinner for a family member after school graduation, It was very worth It!
what's irepared?
I live as I am going to die at any moment. Because I will. Then I will have a after life. Being prepared is wisdom.
I think a pinger is a must,it's also good for gold..awesome piece of mind.
A pinger is a tablet of ecstasy in Australia. I think a pinger is a must 😅
Great show and great information for the new bees! Wonderful silver and Gold display.
Another great post as always Silver Dragons!
Thanks ❤️
Been watching you're videos, and learning valuable information. Just started stacking this week. Glad there are people like you that share they're knowledge! Your very much appreciated!!🤗
Welcome to stacking and thanks for watching! 🐉🔥
There is a metal that does not get milky, does not tone and simply does not degrade... it's called gold.
It's what central banks keep buying and it has outperformed silver many time over in the past few years... :)
Expensive and the color of pee. lol long term for stability yes as he mentioned, silver is for less wealthy folk, we can then trade up our silver after a while for an ounce or even just 1/10 oz of gold at a time.
I’m a beginner- thanks for the tips
My opinion: buy the cheapest or the best (rare). In between is nothing.
Silver Dragons you have some nice Silver Rounds & Bullion & Bars & Gold!!! I started stacking Silver first & know I am stacking Pre-33 Gold for my Portfolio. 🥈🥇🥈
That’s sweet and thanks! 🔥🐉❤️
Sterling silver is over 90% (925) and my lcs will buy it all day long so if you find some say at a garage sail hang on to it.
Thanks for another great video, Silver Dragons
Great information, thanks
I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America.
You're correct!! I make a lot of money without relying on the government.
Investing in stocks and digital currencies is beneficial at this moment.
Yes! I'm celebrating £32K stock portfolio today...
Started this journey with £3K.... I've invested no time and also with the right terms, now I have time for my family an…
Lucy Brian program is widely available online..
Started with 5,000$ and Withdrew profits
89,000$
Lucy gave me the autonomy I need to learn at my own pace and ask questions when I need to she's so accommodating.
another great video silver dragons keep stacking
Thanks 🙌🏼🩶
Hi SilverDragons! Thank you for the vlog! Great tips!
👋🏼 Thanks for watching!!
Great video
Thanks for taking the time to make your videos
Stack Strong 💪🏼
🐉🔥🙌🏼
Good info!
That's why "junk" silver is the best way to save $.
Just dont let your Junk Silver come in contact with your pure silver ...Fire HAZARD ... if you store together you should use salt packing
No such thing as junk. Gotta call it what it is. 90% silver.
I use desiccants in my safe as well as I have it in a controlled environment.
Thanks for the financial advice!
It's also a lot of fun to trade silver for goods and services, within a circle of like minds, like a bunch of us where I live have been doing for a few years now. Building a close circle is just as important as stacking silver. Good post though!
Woah that’s pretty cool… 👀
A qualification that I have regarding SD's advice (which is almost always great advice): There are MANY reputable dealers on eBay. For example, APMEX, JM Bullion and even KITCO will sell on eBay, along with many other honest vendors. BUT what he says is also true: the ARE also disreputable sellers on eBay who will sell fake silver and gold. So maybe you could alter SD's advice by saying - avoid eBay UNTIL you determine who the reputable names and dealers are. The rating system on eBay goes a long way in helping to make that determination. Also, eBay sales are usually done through paypal or credit card, so the PP/CC prices are a bit higher than if you pay by wire or personal check directly with a vendor. Keep in mind though, that for many vendors, their eBay credit card price is CHEAPER than their direct online sales credit card price (for whatever reason.)
Costco and Walmart are also good alternatives to ebay with their respective cashback cards. People make out like bandits when Costco doesn't update prices to reflect market movements fast enough :'D
Walmart's 5% cashback card is also nothing to sneeze at, it puts a lot of silver at spot and 1oz gold coins&bars under spot.
I think definitely start stacking in silver but definitely vintage bars buy to...vintage gonna be always interesting to sale in future.
Need to buy as close to spot as possible
Learn what fake is don't limit yourself to where you buy.
To sell in the future?
@drewmcclintock7034 Yes...I think the price of silver is low and when it is gona by expensive..people will start to be interested in vintage and history of silverbars..Silver and gold will be as collectable as watches Rolex off Bags....
Good boy video keep it going
also let your heirs know how to sell it so they don't get ripped off.
True that 🙌🏼
Very Helpful
Sweet! Thanks for watching 🐉🔥
always good info you have
Thank you!
Nice content. Is silver stacking better than S&P 500 investing?
Something else a new stacker should do that i didnt do and wish i had, keep a log or spreadsheet of what they have and its value. What is it, date you bought it, and how much you paid for it. That could help your family a lot or whoever inherits your stack.
Numismatic coins in my opinion are better than rounds but im not a stacker, im a numismatic kind of guy, and gold is my favorite metal but the prices are getting crazy!!
It can be worth checking prices across multiple online dealers even if the product you want is only on the deals page one site. I've seen better deals for the same product on a different site than the one that had it as an official deal before.
I got a 2004 1oz gold eagle for $360. Thought that was a lot back then. Should have kept buying since then
A most important thing is to learn what the coins should look like. A friend of mine bought 50 proof maples but didn't pay attention to the details. All the proofs were steel.
What a bummer… 😳
I can reccomend silica gel packs and drying them In the sun
The most important thing a stacker or anyone else who buys gold or silver are where the supports or stops are as to wait before investing.
Example : Gold goes down to 2425$ and goes down further to about 2415!$. Well the trader logic is that gold will go down to 2400$ whatever so it's just a waste of money to buy before the stops are solidly in place.
2400$ gold seems to me to be extremely strong and therefore it's a great time to buy. 29$ for silver looks also very solid.
You can buy your coins way cheaper if you know what the stops are.
Nice. Thanks for sharing 😊
You’re welcome! Thanks for watching!
Thank you
I have the opportunity to purchase some bullion rounds, 2 oz. I believe they are Intaglio Mint, but they are stamped REJECT on one side. I believe they are legit silver as they guy is known to me and tested them with a Sigma machine...they are at a better price that "non-reject" but they are just as "Silver" being 2 oz. 999 fine. I want to hold, not flip these...what do you think of this type of round, for stacking anyway? Thanks.
I used to go to local coin shows and meet about 4 coworkers there. We wandered about and bought stuff. For me it was mostly Morgan or Peace dollars.
Local coin shows are pretty fun for sure
Nice Video
1g gold is around 70 Euro now. So not a big risk too. No need to start with one 1oz. There r 1/10 oz or 1/25 oz gold coins too btw
Great Video 🐉🐉🐉🐉👊
Nice to know you had around 400 Oz of silver before you purchased your first piece of gold.
I just started 3 weeks ago I’m at 12.5 gs gold and 13 oz of silver
And platinum
I'm new to stacking . Someone told me it's better to stack eagles and maples over rounds and bars. What is your opinion
Thanks!
Do you not touch poured silver? Do you suggest a ‘best way’ to test pm’s? Thanks
I have a video all about this… link in the description 🐉🔥 Thanks for watching!
I'll add that new stackers should concentrate on buying as close to spot price as possible, don't wrap up your entire stacking budget in larger pieces like 5oz, 10oz and 100oz bars because they are harder to barter with, but they do help to lower your "cost per ounce over time". Also, don't go into it thinking you're going to get rich fast; metals are a long-term investment intended to hedge against inflation, not make you a million dollars overnight.
Great video brother thanks for the info nice stack
❤️
Dude you have a lot of silver 😎
Many years of stacking 🙏🏼🩶
So 925 or 999 sliver jewelry is good?
I have silver. Plenty. I am 70.
I need new tires. I'm selling some.
🩶🩶🩶
Sounds reasonable.
Good stuff
Glad you liked it 🙌🏼
Buy on sale and keep our mouths shut as stackers will go a long way to preserve our wealth and future savings. Nice work SD. 👌
🙏🏼🔥🐉
Such a pity Value Added Tax VAT at 20% on new silver (gold is VAT free) and even though only on the margin for pre-owned, though at the moment the margin on pre-owned seems to make up for the VAT.
What type of coins were in that bag towards the end?
Dragon I sold almost my gold
also don't drop your silver coins, they will dent
🥲
I remember when desiccant bags came in the large 19 cents bags of potato chips. In the 1950's.
Sounds like you have lots of wisdom 🙏🏼
My local shop is a pawn shop, and he tests everything, even the stuff he gets from the distributor. Only time I've gotten fakes is from Whatnot and RUclips auctions. I can't get the $170 back from the silver chain I bought, but I did get reimbursed from the RUclips auction guy. Guess everything depends on who, when, where, and how. Wish I had a Harry, but I'll settle for a Gerry.
Yeah testing before you buy is best. I’m super lucky with Harry around 😅
RUclips auctions?
Why is sterling silver such a bad silver to stack when it’s 92.5% that should be as good as constitutional silver, right?
Generally, metals aren't an investment. Metals are a hedge. In the wild West days of the US a silver dollar would buy a nice meal, sell an ounce of silver and you can buy a nice meal. A $20 gold piece would buy a nice tailored outfit, for a man or woman, sell an ounce of gold and go buy a nice tailored outfit now.
Non numismatic metals hold value.
Would it be super offensive to ask to have a gold coin tested in front of you when you’re buying your first one at a coin shop? I know they do it everyday but 2500 is a lot of money to not be 100% sure
If they give a bad attitude when asked to test it, you’re in the wrong kind of coin shop. Also, a good coin shop should be willing to test anything you bring in, whether selling or not.
@@Paul205X0 thank you
What about the bigger seller on WhatNot?? Like the big coinshops that sell on there?
Oh yeah I think big sellers on WhatNot are fine 👍🏼
@SilverDragons47 OK good... Cuz uhhh otherwise I messed up BAD in the last two months... 😅😅😅😅
Gold is a tier 1 asset though it's better than cash liquid has cash, I would go gold and silver if I had left over cash. Gold is king cash is king without the crown. Silver is just too bulky and it takes up too much space.
Should we Remove Silver bar or coin from certi card or keep it same state?
do not remove. they will be less likely to tarnish.
Always keep them in card then there is no question about quality and authentication of them !!
@@davidf3883 Thanks
Plus, 3 more
15. Never tell anyone you got precious metal. (Like telling your baby mama your got extra cash. Don't do it.)
16. Only use fake name to hide your real name. (For example, "My name is Richard")
17. Keep your precious metal hidden. " "
. . .
Gold is not higher risk... silver is a MUCH MUCH higher risk...
Risk with silver is it goes decades flat. I've bought so much from people who held for ever and cashed out at or near what they paid. I have bought from people who paid $6 an oz and sold in the $40s. But think how long they held and how they could have invested in so many things that did much better. It's a waste of time. I got into business in 2003. Gold was ,$435
@@thedaveandjimshow3809silver price has also been manipulated for decades. Criminally so in my opinion. But many like myself see that price rigging is about to end (albeit not voluntarily). Silver will reset to its true value.
Would you reccomend keeping silver in a refrigerator
Is that for the purpose of hiding it?
I think a refrigerator is too humid. But if you do use gel packs to absorb moisture.
There's no need to put silver in a refrigerator. I knew a gal who thought she was brilliant for keeping important papers in her freezer. Then there was a power failure when she was away on vacation and all her important documents were ruined when the ice melted. Keep your papers and metals in a good safe
@@TUKByV1 Sorry, i replied from my phone which is logged on to another account. I thought the refrigerator was a good place as nobody would ever check there. The problem I have with safes is that they can be picked up and taken away
There are several videos showing better places to hide precious metals.
How do you factor in the VAT when buying silver
He's in the USA, we don't know what VAT is LOL
in the USA we don’t have VAT on silver. Some states do have tax though. Do you live in Europe? I’m not sure the tax across the pond it is always changing.
@@SilverDragons47 yes im from the Netherlands we pay 21% tax, only gold is tax free
@@SilverDragons47 No tax if you buy/sell US Mint currency like Eagles. It's just exchanging paper dollars for coin dollars.
so you're saying stay away from sterling silver Thats 92.5 percent silver higher than 9 percent constitutional please elaborate
Wow!!!
"i dont like to pay retail"... promotes SD 😂
In addition to #1 your trusted preson who knows your stacking should be at least somewhat educated on silver values and how to value silver. For instance if you die you wouldn't want your spouse to give away your stack for pennies on the dollar.
Gonna lose more money thinking about touching your silver than you will by touching your silver
Don't keep your Silver/Gold stack at your house, find a secure spot that is not going to create danger at your house and store it there. If you MUST put it at your house, make sure it's not out in the open so that anyone coming in can see it and then of course like is said here don't talk about it...EVER. If anyone does know, then you tell them you had a family issue that they may know about along the way or you got in some debt and had to sell it all and you no longer have any so they forget about it and it's off anyone's/everyone's mind. Just my 2 cents.
I store my eagles in the green tubes, in a monster box in the basement. Am I safe?
Numero uno stackin in not investin- it's a prep that's it. People have died waiting for it to be worth selling.
How do you know what online dealer is a legit reputable seller?
Check reviews from former customers and do a back round check on the dealer the big suppliers you cant go wrong with..
I’ve bought from several and had no problem. SD Bullion, JM Bullion, Provident, AMPEX, Monument Metals, Modern Coin Mart, Hero Bullion, BullionMax. I just looked them up on web, signed up for sale notifications, and compare weekly sales when I’m ready to buy more. I watched a few RUclips videos rating the major online dealers, that’s where I got several of the names. Happy Hunting!!!
@@Paul205X0 I've ordered through APMEX for the special stuff and used Guidance Corporation for the rest. It's just scary as a new person not knowing what is a legit or scam sight. There's so many sellers who get fake reviews too.
Sterling silver is 92.5% bro. It has more silver than constitutional or junk. I'm not saying you're wrong because it is jewelry but fun fact.
Here’s another fact: lcs will typically pay the least for sterling jewelry, tableware and silverware compared to the same weight in coins, bars or rounds.
@@BoxStudioExecutiveabsolutely I know that that's not my point my point is it has more silver than constitutional. Which actually kind of makes those pricing schemes make no sense. It's just bias.
@@leftendo668 No, it makes sense. Virtually nobody is out there stacking sterling because it’s oddly shaped, has very high premiums, and has questionable weight / plating. On the other hand, rounds, bars and coins are easily verified, have known weights, and can be stacked for collecting so they don’t take up a lot of room, making them more easily secured.
The price difference on the secondary market is totally justified.
Disagree on the sterling silver comment. At least for premium silverware, it's labeled and 92.5%.
The thing is, even if you tell your family and friends that they should stack for their own good they're ultimately going to ask if you stack. You can't say NO because then you look like a hypocrite for lack of a better word.
And if you say YES then the next question is, Really? How much do you have? And if you say, well I don't like to say, then they automatically think, Damn! He must have a lot! Best to say nothing I reckon.
4th viewer... do people still do these?
Do what?
Question from last video I’ve been purchasing my metals through local coin shops paying cash , I wanna buy off of sdbullion or any other online metal websites , do those transactions have the be brought up to irs or no? (I’m a new stacker started this year !!!)
no coin shop or online dealer will ever bring up your purchases to the IRS unless they are required to do so under the law. The same laws apply to both coin shops and online dealers. One thing that will trigger reporting is a cash purchase over 10k for example regardless of who you buy it from.
So best bet just keep it under 10k I don’t spend over 200 at a time so I should be fine and appreciate it silver dragon for the reply keep it up boss !!!!
Poor form Dragons, I know SD billion sponsors your show but how much has Harry supported you? You really should be plugging both companies.
Right
Interesting fact for people that believe that we have been visited by aliens.... The 1s electrons in hydrogen travel at .7% the speed of light. The 1s electrons in silver travel at 34% the speed of light, 1s electrons in gold travel at 54% the speed of light. 1s electrons in Element 115 are estimated to travel around 90% the speed of light.
ALSO, Aliens like BUTT PROBES ... just saying
This doesn’t really make sense. Electrons in an atom aren’t exactly “traveling” anywhere. They’re in quantum superposition; their location is given by a probability function and is not truly known until an observer measures it.
@@BoxStudioExecutive I'm talking about the speed at which the 1s electrons are zooming around the nucleus. That speed can be measured.... Not sure what you are disagreeing with? Relativistic?
@@taylorman40x9 electrons don’t really zoom around the nucleus. It’s not possible to identify an electron and follow its movement around the nucleus. Since you can’t do this, measuring its speed doesn’t make any sense.
math, that is the answer.😂
lol
Silver dragon, you just gonna let the comment section stay flooded with bot comments with hundreds of likes or you gonna do something about it?
👍🏿
🙏🏼
I dont understand the logic behind dont buy anything under 90%..... u say junk silver (90%) is good.... but sterling (92.5%) is bad?
It’s because an lcs will pay at or near spot for coins because they’re movable, but spot minus 10% for sterling because nobody cares about sterling and it is going straight to the refiner.
@BoxStudioExecutive that's flawed logic.... They're literally skipping over something of higher purity. I'm not sure who ICS is but 92.5 is better than 90 regardless. Seems silly. It's like saying I'll take 14k gold but 18k is trash
@@dustinpribble1546 It’s not flawed logic. Junk silver is easily recognizable, well known, and easily authenticated. Sterling? No such luck. There’s a much smaller market for it, so it’s worth less. The higher purity is irrelevant, only its worth on the market is what matters.
I don’t write the rules, you don’t like it, better go start an education campaign extolling the virtues of sterling. Good luck.
@@dustinpribble1546 LCS = local coin shop
Yeah so even though sterling silver is 92.5% pure coin shops will pay way under spot for it so it’s not recommended for stacking… I recommend watching this video for more info… ruclips.net/video/LAnD8pHCrYY/видео.htmlsi=Cvma_985xLNgRKT3