Mark - this is an important video and I recommend this to any new stacker. Watch this video when you first start stacking, and then bookmark it and watch it again a couple months later. You may miss a few points, and when you watch later - they will seem more valid. Thanks again Mark, I'm grateful for this valuable info.
An important facet about "Spot": Spot is the cash price currently paid for 1000 ounce industrial silver bars (minimum 5 bars or 5000 oz transactions). You can demand delivery of the industrial bars from the cash market, but it will take 4-8 weeks to get delivered as the depositories are not geared up to actually deliver silver. Normally, they just change ownership labels on the bars that sit on deposit. If you can EVER buy a small finished product such as 1 oz rounds or silver coin AT SPOT that is an unusual circumstance. The current huge premiums on small finished products simply shows that virtually all these products have been bought off the market. Due to the virus, there is virtually no new supply coming onto the market (mines and fabricators are idled). Even if a fabricator has to purchase in the spot market to obtain silver, it will still take 6-12 weeks for new supply to hit the market. Current pricing is pure supply and demand--no conspiracy needed to explain it.
Thank you for been professional and informative. I love my equities and index funds. I just want to learn more about precious metals, but all across RUclips the topic seems to be covered by a more apocalyptic crowd. I've watched a few of your videos and I appreciate the calm and clear energy you have. You've gotten me to subscribe.
Thank You so much for taking the time to educate people like me, the Rookie, very informative. definitely will watch this from time to time to help me keep learning. Thank You Sir.
Basic concepts which you presented in a logical and straightforward manner. This was a great refresher and very informative,more than I expected, thank you, stay safe🙏🏻❤️
What most people are perhaps hoping, not unreasonably, is long term rises in spot will offset any deposit side of the total spread. In other words, the spread will be in their favour when they sell it in the future.
One year ago, as a newbie, I made a pretty stupid and negativistic comment. After learning a lot more, and having started investing in metals since then, I'm retracting everything I said. I had misunderstood the purpose of it all, it's not about making money, you're not "playing the stock market", it's not about having something nice and shiny to look at (even though it is nice and shiny to look at). It's about hedging against inflation, it's a lifeline in case the economy goes tits up. It's the "money" in your mattress that never* loses its value. @SWP you guys have made here an excellent video on HOW to invest, but the WHY wasn't in there. It took me quite some time to realize that part, and I'm glad I was stubborn enough to not give up.
Mark is very help full in understanding precious metals, and it can be very valuable, and profitable in the years ahead, however as many of us know that it will have the up in downs. It is a very interesting business to work in, and an awesome hobby. More to come. Joseph Fallon
Very educational. You make me just want to buy bars...maximise my return. But some dealers don't tell u buy back price so you never know the spread. But I will now be looking at that now and the premium. THankyou!
It’s a new year with bright and beautiful ideals , hope you’ll got a huge list for this 2021 . Coz last year was messed up due to many weren’t wise enough to consider investment . But the question, what will you achieve this year?
Nothing other than the gift of life. And I have consider venturing into something lucrative and profitable , last year was a lesson to everyone especially me . Well seeing 2021 is enough reason to sit down and think about your financial life .
if you knew about bitcoin since 10years ago you won’t be poor ever again. But the truth is that is never late to bitcoin, this year bitcoin is hitting the moon .
I was wanting to start buying some gold bars and coins but I didn't understand what the prices were and why I would pay $75.00 over gold price and now I do. I learned more than that but ty for the information.
This is why it's practical to trade these metals for other valuable crafts and arts in person. For examples, someone might trade a few kg of silver for an exceptional painting directly from an artist.
Interesting. The housing collapse didn't even get the ounce over 2,100 by 2011. But I mean. I guess 10k is possible. I'm just wondering what has to happen to us to get that price?
xxterribleone1899xx well to invest in Gold is to bet that the US economy can not sustain itself without, A. Writing off all or most of private and nation debt or B. Throw money out of helicopters into accounts of banks, corporations, businesses and individuals and do it under the disguise of bail out or stimulus to keep the system running. They have been pursuing option B for many decades now and it is intensifying rapidly with these recent stimulus checks. Russia, China, India and many others, are positioned to stop demand of US currency for their own trade. Combination of scenarios which is playing out now will seal the coffin on the dollar. In 2008 only Sadam, Ghaddafi and the Taliban posed a threat to the US dollar by deciding to trade oil and gas in gold and non dollar currencies and we bombed them. The Americans can not afford to bomb Russia India China, times are different this time around
I’m with you Arya, clearly some people here can only recall the past 20-30 years of history at best. Ignoring or outright dismissing possible outcomes that have happened many times, just not in the past decade.
I bought some 2 onces silver Canadian mint coins in March. I paid 31% and 48% premium. The premium for an American Eagle is now 60%. This is a lot more than with your example were 18+3=21$ gives 17% and even more than the 9-10% you mentionned. Those who bought at those "vintage" premiums were Lucky. Premium asked in my place for gold onces are not 3-4% but 10-14%.
I think it'll go back to normal premiums in later August or after this virus is under control. Its just that Paper silver (stock market) killed the spot price once it was sold off to get cash to buy more stocks at all time lows. Spot dropped off to 14 bucks from that dump. Once that happen bullion dealers weren't about to sell off their inventory at a lost. So their reaction was to say they were all sold out. Yet no one, not one person, online in our community has reported getting silver sub 17 dollars when spot dropped to 14 and change. In reality they were hoping spot price wouldn't hold at that level and would bounce right back to 16-18 dollars and tried to hold out. Once it didn't, they came up with the story of being sold out and even raised their orders to a 300 dollar minimum. Low stock but you have to order 300 dollars or more? Doesn't make sense. There's less inventory but you have to buy in bulk? Anyways, what they didn't predict is that wholesalers would shut there doors due to Covid 19 and wouldn't be able to order more inventory at a lower spot price to lower they're overall price per ounce at their stores. If you see in a timeline of what has happened its pretty easy to understand. Now as spot price goes back up slowly, the 300 dollar minimum has been lifted and their brand bullion is starting to come back in stock with a higher premium. Yeah silver that didn't sell before is first to come back. Spot is just under 16 dollars. But with the hype, some dealers are taking advantage for sure. GSM for example has started to sell Silver shield coins that you could get for 19 dollars, taxed, and shipped before for 35 bucks now. Saying Silver is finally selling at it's true price. I think our community is smarter than this and most have already said this is a time to sit back and stop buying. If you look at the history price of silver it makes perfect sense. Some years it was just too expensive to buy and people who bought during those years are now currently at a huge loss instead of gain. Imagine you buying silver at 30 dollars for it to sink to 14 now. Some times its just better to sit back, relax, and focus on other things while this blows over.
@@xxterribleone1899xx , thank you for this valuable study. I am somewhat new to this market. I had a good hit when silver went to 50$ an once and succeeded to sell scrap at 37$ an once. Since that event, I was quiet focusing on other things. I just returned and faced this premium thing. I also must deal with the 40% Can/US dollar exchange. This will hurt at the end because when price of all metals will go up, the Can dollar will go up too. Anyway, I bought some silver because I think that the price will eventually go up a lot, enough to offset premiums and exchange fees. I think / hope that prices will go down to allow me to make some other purchases to lower my average cost. I expect that this will happen in the next 6 to 9 months when the stock market will crash again. There is no valid reasons why the stock market is so high when most companies are facing bankrupcy. When people will sell everything while stock market get to the Bottom, silver and gold should be used to cover losses and will go down… for a short time. This will be the best time to purchase in my dreams.
@@maxcloutier5285 Yeah our Canadian dollar is more like a Mexican peso ☹️. I avoid buying as much as possible items imported from states. I used to sell in usd on eBay in 2013-2014. So it allowed me to buy in usd without the exchange rate charges.
@@Kickey165 I prefer the way they let the gold shine through its solid finish and fine writing. The Canadian Maple or Silver Eagle, you cant see that fine finish, it is too engraved with imagery etc.
I bought 20k of coins when gold was 850 20k in coin at 950 and 15k at 1130 $ or so and now with the bulk of my coins bought and the price of gold doubled now goldline is still trying to tell me I am just breaking even. Talk about feeling like there trying to rip me off. Any advice?
@@bloodorphanreti3621 Just wait. Elections, conflicts, Viruses, all these can make the spot go up. I'd wager a month before the election could be the best time. And try and sell locally, if possible.
Fantastic explanation, but i have one simple question. In every gold websites you can see the spot price,but is that the gold bid or gold ask spot price viewed?
Useful info, thanks. I wish I'd known all that 9 years ago when starting off, but am hopefully not in too bad a position, avoiding graded/proof and collector coins - except all 3 beautiful Queen’s Beasts collections. I think buying Capital Gains Tax-free legal tender coins for me in the UK has influenced my choice of coin, but not all, I do like a variety. I slightly regret buying 2 or 3 1kg silver bars back then (when price was high), plus a 1kg Kook coin, purely because they cost less per oz. Still, they should come good in time. All better than the fiat currency depreciating in a bank.
Last year, 50 cents premium when silver was $18 spot. Now the premium is 10x at $5 OR MORE while silver is only $15 spot. Yeah, profit margins are HUGE now. The story he tells is the SAME story as a year ago, only the dealer greed has gone up. End of days behavior. These premiums have led me to stop stacking and buy my first crypto.
Dude bitcoin is worse. Unless you get out in time. It's a cycle of bubbles that inflate and pop over and over making a lucky few obscenely wealthy while everyone else is stuck holding the bags. What I'm saying is that it is highly highly manipulated. And of course it is. What are you paying for anyway? A collection of data/ numbers stored within an encrypted block? why is that block valuable? what is it backed by? Let me ask you this: What would happen if the people who own most of all the bitcoin begin dumping it off for pennies? How much will you be able to sell the bitcoin you bought for 10,000?
The bitcoin is not what is valuable. The technology that it is run on is the valuable part. Blockchain technology. Please people do not be fooled. If you do not realize this you will get burned.
Holly shit the amount of gold and silver behind him is worth billions of $ never seen so much money in one place amazing most people have no clue how much money that is
SDBullion has 2021 ASE’s 40.00 and 2021 maples 36.50. I couldn’t use your analogy in this experiment. The ASE’s are the ones that are more expensive. (+3.50)
Great video. Just started investing and I learned a lot watching your video. I checked your channel and is very professional and well produced but don’t see recent videos. Do you have a different channel?
I like this guy.........approachable, professional, informative and legitimate, will definitely do business
very calm, thorough and informative. Legit guy
Straight forward, no b.s., he understands the process and informs others
Yup they chose the best guy honestly
Mark - this is an important video and I recommend this to any new stacker. Watch this video when you first start stacking, and then bookmark it and watch it again a couple months later. You may miss a few points, and when you watch later - they will seem more valid. Thanks again Mark, I'm grateful for this valuable info.
you explained premium so perfectly in 15 seconds wow you got a sub
Nowadays dealers are buying back silver coin 20% above spot price, selling at 70% above spot but out of stock
Looking in your Vault gives me even more ambition when things are a little difficult. Amen
An important facet about "Spot": Spot is the cash price currently paid for 1000 ounce industrial silver bars (minimum 5 bars or 5000 oz transactions). You can demand delivery of the industrial bars from the cash market, but it will take 4-8 weeks to get delivered as the depositories are not geared up to actually deliver silver. Normally, they just change ownership labels on the bars that sit on deposit. If you can EVER buy a small finished product such as 1 oz rounds or silver coin AT SPOT that is an unusual circumstance. The current huge premiums on small finished products simply shows that virtually all these products have been bought off the market. Due to the virus, there is virtually no new supply coming onto the market (mines and fabricators are idled). Even if a fabricator has to purchase in the spot market to obtain silver, it will still take 6-12 weeks for new supply to hit the market. Current pricing is pure supply and demand--no conspiracy needed to explain it.
Means can I buy now silver?
This guy makes me feel good about investing in precious metals
That was an excellent explanation on buying and selling. It answered all my questions thank you for this valuable information.
Thank you very much for the video.
Please make another video for a tour inside this vault; it's nice to see those silver bars behind you!
Nothing most of us didn't already know, however if spot is $15 and the premium is 10% then ship me some at $17
Really enjoy your videos! Very professional!
Thank you for been professional and informative. I love my equities and index funds. I just want to learn more about precious metals, but all across RUclips the topic seems to be covered by a more apocalyptic crowd. I've watched a few of your videos and I appreciate the calm and clear energy you have. You've gotten me to subscribe.
The sky is falling!
This is absolutely the best definition & explanation I have heard- thank you!!!!!!
GOLD AND SILVER ARE SAFE INVESTMENT THAN CRYPTO DURING WAR TIMES...IN FUTURE GOLD REACH TO 2500$/oz and silver will reach to 92$/oz in this year 2022
I love these videos. I just started investing in bullion and I've learn so much thru these videos! Thank you
The best video that I've seen about this subject. Very professional. Thank you so much!
Very professional, very good info. Thank you all for making the videos
Excellent beginner information! Explanation was easily obtained. Thanks!
Excellent info, so clear to understand, learned a lot
Thanks
Glad it was helpful!
Thank You so much for taking the time to educate people like me, the Rookie, very informative. definitely will watch this from time to time to help me keep learning. Thank You Sir.
Basic concepts which you presented in a logical and straightforward manner. This was a great refresher and very informative,more than I expected, thank you, stay safe🙏🏻❤️
Extremely informative thank you!
Video explains spot price for any beginner of precious metal stacking. Thank you!
omg! Thank you for explaining such an important aspect of buying/selling metals!
Great explaination. Thanks!
What most people are perhaps hoping, not unreasonably, is long term rises in spot will offset any deposit side of the total spread. In other words, the spread will be in their favour when they sell it in the future.
Indeed. Prices are still far too low in what they should be, viewing how other commodities have gone up.
he is very articulate and clarifies things very well...
Very informative video! Thanks!
Extremely informative and well presented. Thank you.
Thanks bruh very educational and applicable. New subscriber.
Very informative. Thank you
One year ago, as a newbie, I made a pretty stupid and negativistic comment. After learning a lot more, and having started investing in metals since then, I'm retracting everything I said.
I had misunderstood the purpose of it all, it's not about making money, you're not "playing the stock market", it's not about having something nice and shiny to look at (even though it is nice and shiny to look at).
It's about hedging against inflation, it's a lifeline in case the economy goes tits up. It's the "money" in your mattress that never* loses its value.
@SWP you guys have made here an excellent video on HOW to invest, but the WHY wasn't in there. It took me quite some time to realize that part, and I'm glad I was stubborn enough to not give up.
I wish I'd found you a few years ago. Your information is spot on (no pun intended)
🎯😂
I am a beginner, that was awesome. One of the first things I noticed was the buy back price.
You are doing exactly what I need to know thank you tons
Glad you found what you were looking for!
Mark is very help full in understanding precious metals, and it can be very valuable, and profitable in the years ahead, however as many of us know that it will have the up in downs. It is a very interesting business to work in, and an awesome hobby. More to come. Joseph
Fallon
Thank you. Very well explained.
It,s always in the favor of sellers ,mints and coin shops ! 35yrs experience !
Very educational. You make me just want to buy bars...maximise my return. But some dealers don't tell u buy back price so you never know the spread. But I will now be looking at that now and the premium. THankyou!
The spread is hower much money they want. It's made up daily. It's a scam.
that info was amazing
It is the best thing I ever heard!
It’s a new year with bright and beautiful ideals , hope you’ll got a huge list for this 2021 . Coz last year was messed up due to many weren’t wise enough to consider investment . But the question, what will you achieve this year?
Nothing other than the gift of life. And I have consider venturing into something lucrative and profitable , last year was a lesson to everyone especially me . Well seeing 2021 is enough reason to sit down and think about your financial life .
Please tell me more about this , I really have to plan for myself this new year
if you knew about bitcoin since 10years ago you won’t be poor ever again. But the truth is that is never late to bitcoin, this year bitcoin is hitting the moon .
People are scared of investing because of high rate of unprofessionals in the business.
@Hbob So true. I’m retired and just started three weeks ago. I have earned $24,000 with just $9,000
Great breakdown!
Great video. I've been educated. Thanks.
Very technical and clearly explained.
oh okay know I understand the spot price never understand it thanks for explaining 😊 👍
Thanks so much. Great information.
This was very informative, thank you!
Glad it was helpful!
In my experience with the major online dealers the ASE’s are the ones that are more expensive when comparing them to the Canadian maples
Great !!! Very useful Thank you very much.
Thank you for the informative video
Great video. I'm seeing closer to 30% for silver premiums from many dealers. It's getting crazy right now
Two years later premiums are still $9-$15. They haven’t gotten any better as today silver fell to $27.27 Canada spot price.
I was wanting to start buying some gold bars and coins but I didn't understand what the prices were and why I would pay $75.00 over gold price and now I do. I learned more than that but ty for the information.
Glad it was insightful!
Very informative, spot on, thank you very much.
Glad it was helpful!
Great information thank you for sharing 👍😉
The best video, I learned a lot
Well done video. Thank you.
Was really good video thank you
Thank you Mark. good vid.
Glad you enjoyed it
This video was needed 💯 💯💯
Glad you enjoyed it!
Great information video. Thx for sharing.
Glad it was helpful!
This is why it's practical to trade these metals for other valuable crafts and arts in person. For examples, someone might trade a few kg of silver for an exceptional painting directly from an artist.
Really helpful video.
I don’t care if I pay a few dozen bucks extra here or their for premium. I buy for the long term, I’m expecting 10,000 $ an ounce gold 2024
Interesting. The housing collapse didn't even get the ounce over 2,100 by 2011. But I mean. I guess 10k is possible. I'm just wondering what has to happen to us to get that price?
xxterribleone1899xx well to invest in Gold is to bet that the US economy can not sustain itself without, A. Writing off all or most of private and nation debt or B. Throw money out of helicopters into accounts of banks, corporations, businesses and individuals and do it under the disguise of bail out or stimulus to keep the system running.
They have been pursuing option B for many decades now and it is intensifying rapidly with these recent stimulus checks. Russia, China, India and many others, are positioned to stop demand of US currency for their own trade. Combination of scenarios which is playing out now will seal the coffin on the dollar. In 2008 only Sadam, Ghaddafi and the Taliban posed a threat to the US dollar by deciding to trade oil and gas in gold and non dollar currencies and we bombed them. The Americans can not afford to bomb Russia India China, times are different this time around
Arya viejo Don’t be so sure. China and Iran are looking for a beating right now.
Your living in a dream world gold will never get there it's time to wake ☝ people. There ripping you off right now because it's hard to get.
I’m with you Arya, clearly some people here can only recall the past 20-30 years of history at best. Ignoring or outright dismissing possible outcomes that have happened many times, just not in the past decade.
I just started to stack coins. This is a very informative presentation for me.
Please explain the process of stacking coins?
Mark....I’m a newbie and that was really good....thanks
Glad it was helpful!
Awesome video.
I bought some 2 onces silver Canadian mint coins in March. I paid 31% and 48% premium. The premium for an American Eagle is now 60%. This is a lot more than with your example were 18+3=21$ gives 17% and even more than the 9-10% you mentionned. Those who bought at those "vintage" premiums were Lucky. Premium asked in my place for gold onces are not 3-4% but 10-14%.
I think it'll go back to normal premiums in later August or after this virus is under control. Its just that Paper silver (stock market) killed the spot price once it was sold off to get cash to buy more stocks at all time lows. Spot dropped off to 14 bucks from that dump. Once that happen bullion dealers weren't about to sell off their inventory at a lost. So their reaction was to say they were all sold out. Yet no one, not one person, online in our community has reported getting silver sub 17 dollars when spot dropped to 14 and change. In reality they were hoping spot price wouldn't hold at that level and would bounce right back to 16-18 dollars and tried to hold out. Once it didn't, they came up with the story of being sold out and even raised their orders to a 300 dollar minimum. Low stock but you have to order 300 dollars or more? Doesn't make sense. There's less inventory but you have to buy in bulk? Anyways, what they didn't predict is that wholesalers would shut there doors due to Covid 19 and wouldn't be able to order more inventory at a lower spot price to lower they're overall price per ounce at their stores. If you see in a timeline of what has happened its pretty easy to understand. Now as spot price goes back up slowly, the 300 dollar minimum has been lifted and their brand bullion is starting to come back in stock with a higher premium. Yeah silver that didn't sell before is first to come back. Spot is just under 16 dollars. But with the hype, some dealers are taking advantage for sure. GSM for example has started to sell Silver shield coins that you could get for 19 dollars, taxed, and shipped before for 35 bucks now. Saying Silver is finally selling at it's true price. I think our community is smarter than this and most have already said this is a time to sit back and stop buying. If you look at the history price of silver it makes perfect sense. Some years it was just too expensive to buy and people who bought during those years are now currently at a huge loss instead of gain. Imagine you buying silver at 30 dollars for it to sink to 14 now. Some times its just better to sit back, relax, and focus on other things while this blows over.
@@xxterribleone1899xx , thank you for this valuable study. I am somewhat new to this market. I had a good hit when silver went to 50$ an once and succeeded to sell scrap at 37$ an once. Since that event, I was quiet focusing on other things.
I just returned and faced this premium thing. I also must deal with the 40% Can/US dollar exchange. This will hurt at the end because when price of all metals will go up, the Can dollar will go up too. Anyway, I bought some silver because I think that the price will eventually go up a lot, enough to offset premiums and exchange fees.
I think / hope that prices will go down to allow me to make some other purchases to lower my average cost. I expect that this will happen in the next 6 to 9 months when the stock market will crash again. There is no valid reasons why the stock market is so high when most companies are facing bankrupcy. When people will sell everything while stock market get to the Bottom, silver and gold should be used to cover losses and will go down… for a short time. This will be the best time to purchase in my dreams.
@@maxcloutier5285 Yeah our Canadian dollar is more like a Mexican peso ☹️. I avoid buying as much as possible items imported from states. I used to sell in usd on eBay in 2013-2014. So it allowed me to buy in usd without the exchange rate charges.
Great video! I love it how he explains the premiums involved with Silver, that is why for me, selling Silver is much more profitable than owning it.
Spot price doesn't work in an honest way, but your explanation makes sense for a real market.
Great info thks
Hey Mark, I recently picked up a 5g Gold Pamp Suisse bar. I'm a gold bug, and proud.
Great brand
@@chriswalters6148 I will keep stacking Suisse for sure.
I want one of those 10oz Pamp Suisse bars in the special plexi case.. just gorgeous!
What made you choose Pamp Suisse over other ‘brands’?
@@Kickey165 I prefer the way they let the gold shine through its solid finish and fine writing. The Canadian Maple or Silver Eagle, you cant see that fine finish, it is too engraved with imagery etc.
Thank you for your help ! Richard Jr.
Happy to help!
Another consideration is Tax. In England you do not pay VAT on Gold but you do on Silver. You pay Capital Gains Tax on Bars but not Coins.
OR, you sell your coins privately, you make above spot instead of getting burned by a dealer.
Completely agree.
Do you have any experience with that personally? How would you go about it?
I bought 20k of coins when gold was 850 20k in coin at 950 and 15k at 1130 $ or so and now with the bulk of my coins bought and the price of gold doubled now goldline is still trying to tell me I am just breaking even. Talk about feeling like there trying to rip me off. Any advice?
@@bloodorphanreti3621 Just wait. Elections, conflicts, Viruses, all these can make the spot go up. I'd wager a month before the election could be the best time. And try and sell locally, if possible.
Selling privately usually means advertising .too dangerous
Great channel, thank you.
PS. Your vault would be a GREAT Bread and Breakfast.
Great Video
what are the best places to buy that you would recommend?
Fantastic explanation, but i have one simple question. In every gold websites you can see the spot price,but is that the gold bid or gold ask spot price viewed?
Thank you for all your help in understanding precious metals.
Very informative video. Thanks for sharing👍
Glad it was helpful! Be sure to check out our other videos and subscribe to our channel.
@@SWPCayman Does the year matter when buying? If so what years do you recommend?
Great info...starting to stack gold n silver
I was looking for information good place to start
Useful info, thanks. I wish I'd known all that 9 years ago when starting off, but am hopefully not in too bad a position, avoiding graded/proof and collector coins - except all 3 beautiful Queen’s Beasts collections. I think buying Capital Gains Tax-free legal tender coins for me in the UK has influenced my choice of coin, but not all, I do like a variety. I slightly regret buying 2 or 3 1kg silver bars back then (when price was high), plus a 1kg Kook coin, purely because they cost less per oz. Still, they should come good in time. All better than the fiat currency depreciating in a bank.
Last year, 50 cents premium when silver was $18 spot. Now the premium is 10x at $5 OR MORE while silver is only $15 spot. Yeah, profit margins are HUGE now. The story he tells is the SAME story as a year ago, only the dealer greed has gone up. End of days behavior. These premiums have led me to stop stacking and buy my first crypto.
Dude bitcoin is worse. Unless you get out in time. It's a cycle of bubbles that inflate and pop over and over making a lucky few obscenely wealthy while everyone else is stuck holding the bags. What I'm saying is that it is highly highly manipulated. And of course it is. What are you paying for anyway? A collection of data/ numbers stored within an encrypted block? why is that block valuable? what is it backed by?
Let me ask you this: What would happen if the people who own most of all the bitcoin begin dumping it off for pennies? How much will you be able to sell the bitcoin you bought for 10,000?
The bitcoin is not what is valuable. The technology that it is run on is the valuable part. Blockchain technology. Please people do not be fooled. If you do not realize this you will get burned.
@@EE-ky5nt and here we are 4 months later. I choose gold over volatile bitcoins. One big pump and dump show.
@@trojanhorse7897 and 5 months later look at Bitcoin it hit over 65k for every one Bitcoin lmao
What about long-term and short-term investment say for instance if I buy a 10 ounce bar of gold which I am planning to do how fast would it gain value
Damn good education for this beginner!
Glad you enjoyed it and think so !
Very educational
Two thumbs up!
Thanks for watching, glad you enjoyed it!
thank you
Good information sir
Holly shit the amount of gold and silver behind him is worth billions of $ never seen so much money in one place amazing most people have no clue how much money that is
Billions nah hundreds of millions yes
I already “liked” the video, but I watched it again to pick up on other knowledge, and would give you another “like” if I could!
New video yeahh nice :)
Thanks Mark! Great video!!..
I started buying silver and realized a big dent at the back of the bar? Does this affect its resale value?.
No
Thanks ...
SDBullion has 2021 ASE’s 40.00 and 2021 maples 36.50. I couldn’t use your analogy in this experiment. The
ASE’s are the ones that are more expensive. (+3.50)
Thank u
Very good video.
Thank you very much!
Great video. Just started investing and I learned a lot watching your video. I checked your channel and is very professional and well produced but don’t see recent videos. Do you have a different channel?
You mentioned about listing the coins with lowest Spread ! Can you post them please