Actual price is $600 per ounce, in ancient times both in greece, roman, Arab and chinese period. The average daily wages are 1/10 of an ounce. Today’s wages is $60. That will make silver $600 and gold should be $6,000 ration 10 to 1.
A Roman soldier and Greek soldier would earn about 0.10 Troy ounce for one day and a USA are private earns about $80 USA Dollars per day. So a troy ounce of silver would be about $800 USA Dollars per Troy ounce.
You , may not be familiar with business,i inventory, and hedging. They can’t sell at a loss, and physical metal is not paper which is the only reason it went so low. Real metal fundamentals have no business being in the stock market at all, in my humble opinion. The real crime will come later as the VAT and wealth tax in Europe migrates to the states! Very few can stack metals in Europe, the elite have it in their head that we are property, and can’t own anything, but negotiable instruments that they control from birth to death, they own you and you only own titles to anything that’s not junk , and pay fees to keep it!
Hi, Mario, been a while, but I’ve been with you since the beginning, and it took a while but your subscribers went up as predicted and your content is still 👍 I liked this video in particular, because I’ve sold to the dealers before, due to an unexpected tragedy and lost a bundle having to sell 22 OPM kilo bars at under $15 and paid over $20! It’s one of many mistakes I’ve made over the years, but especially in the beginning. I wish I sold the four Canadian 100 once bars and financed the remaining debt, also bought in the $20+ range when I foolishly got out of stocks and had multiple incomes to share the burden of owning a house and land, but everyone died and now my health isn’t so good. I’ve not been able to by quantities like that for a few years but still pick up small amounts when there’s money left after pay our fearless imperial organized crime rulers their rent taxes and the annual one time bill as my wages go down, but the medical is good, but the hospitals are ridiculous and actually changed their hippo oath to include killing people without consent! It happened to my wife, who had battled leukemia for 8 years and loved life but wasn’t cost effective and she had a infection and diarrhea, and her new doctor, who she didn’t like or trust killed her by ordering chemotherapy for diarrhea, and her white blood cells and t-cell count went to zero in a day and put her on life support! Tell me that’s not murder? Back to topic I will never sell to a dealer as long as I have income. I’ll barter, sell one ounce a day to survive and pay bills if I still have a pension and may even end up on disability, so a valuable lesson learned here. The only thing wrong is the real price will never be known as long as it’s tied to paper markets, and the real fundamentals if ever applied would be right before the confiscation and hissy fit of the elite because the market is too small! The bankers have been the bad guys and priest’s too in my opinion, they have corrupted many good governments, and are all a part of the war on humanity to harvest their wealth by conquest , tax, and usury, COVID has proven they all work together against the masses, and we are global in that respect, and why Rothschild wanted the League of Nations, the Bolshevik revolution, finally the UN and central banking. Little London has quite a empire of shadows! I apologize for the story time comment but I had some time stuck in my car. Ciao.
I hear you I had one as well it was stolen along with much more it sucks so much I had a Siler certificate the same year my father was born that was stolen too it sucks even more when it's stolen by someone you think you can trust I can't stand thieves
@Zilverbacks, You are correct, but that 1/10 oz pay quote was for a Roman soldier, and a very comfortable living for a job that resembles a pro sports athlete, who insures with Lloyd’s of London, and safety contract clauses against injury. I have no clue what if anything the farmers and trades men of the day made, and suppose it was performance based and taxed heavily by a failing empire that split, one not surging and the other reinventing themselves into The Holy Roman Empire and the Church. Beware of dogma religion, it’s a powerful tool, and I would support them with half of all my wealth if I had any, but was never invited to Satans Empire of Dirt in any specific areas, and remain a slave under the current fraudulent corporate system of central banks and GOV.INC. Sorry for the long reply to say only that you were correct and that was a great wage at the time!
But that is totally meaningless two thousand years later. Ten years ago platinum was $100.00 over palladium. Now guess which is worth over 2K? Salt was so prized in the Roman Empire it was used for paychecks. It is where we get the work "salary". I can buy salt for $0.25 a pound. I pay $80.00 a month for internet access. My mom thought that was nuts but it makes me thousands. Mike Baloney says the farther we look into the past the farther we can see into the future. He is wrong. Just look at the GSR. For years, even in the US Constitution it was 1/15. Now 1/75. And last March it hit 120. History is interesting, but meaningless for investment advice.
Hi I am from india I have some rare coins and notes ,it's that possible I sent you pics and you tell me about the today market value ,my hobby to collect old antiqes item
Interesting comparison. The way I find out what prices are being paid on Ebay is to search for a coin/bar, then click on "Advanced search" (to the right of the main Search button), then check the "completed listings" box and re-search. You get a range of actual selling prices and also what didn't sell. SSDs are much faster (including boot up speeds) and you will definitely get massive benefit from extra RAM when it comes to video editing. Appreciate your videos, always informed and relevant.
Two different perspectives on buying silver. 1. Prepper like myself buy silver without any plan on selling for fiat money 2. If buying for profit gains or short term trade, don't bother with physical paying 15% + premium. Just buy ETFs taking some risk just like stocks.
Im in the UK, I buy queens beast's, recently bought 60 lions, and 8 of the new greyhound coins, avaraged around 30 pounds an ounce, even with the dips., You are right dealers are short because they only offer spot or just above for your silver.
You are correct when you say that silver and gold are real money that is in your hand with no counterparty risk. I am becoming suspicious that the banks are going to have a bank holiday. Nearly all of my accounts now I have to access the account by a mobile number. I understand that the government mandated this, it was not wanted by my dealer. The day will come when the final key to accessing bank and dealer accounts will not come. Banks will have shut their doors and online access wil be disabled. I was highly suspicious of contactless debit/credit cards when they came in, look what they are being used for now. If you really want depressing on whats going look at the latest video from ice age farmer. No planes in the skys and if they get there way no cars on the road.
All good points Mario, it's also why I've started letting private sellers use the SilverHubs section at CoinsUK, enables people to buy and re-sell directly together, at the fair mid price, saves vat and as you rightly mention - most dealers aren't paying enough to buy peoples silver back. I'm trying to help solve that! I think for sellers to re-sell their coins at about 20-25% over spot is a fairer price, it has to be fair for both buyer and seller. (and handled honestly & professionally) hope that helps.
Good morning my good friends across the big blue waters 🙌. I've been saying this for years professor. It just proves how manipulated the stock market is and criminal in nature to boot. Maple leafs are beautiful, but in the last pull back I got a tube of Silver Krugerrands that I just adore. I try not to buy from eBay, and have totally stopped, I just can't trust the quality and authenticity, so I just buy from rep dealers. Cheers and have a great day.🇺🇸🇬🇧🇺🇸🇬🇧🇺🇸🇬🇧
Thank you Mario . There are many ways to Look at Price discovery , I tend to think it's about 35.00 U.S, in Grocery's Today , but in a few Months it will be Near 70.00 U.S. in Value , and might be Worth 3x that in a Year or Two . Who can tell ?
I switched from gold etfs to physical gold last year. Cost me 3% over spot but it was worth it. Now can hold my own gold in my own hand and sleep at night whatever the Fed and politicians are doing.
Thanks Mario. You always know how to get the point across . It's never easy to "hold onto the bull" as you say during a P.M bull market, especially when comex and the LBMA manipulate the paper price of the metals we love to stack
On Wednesday I bought 21 Silver Britannia's from my broker at £24,53p each, no VAT because these were pre-owned and postage was included, I wanted to buy 25 but 21 was all they had left, as soon as they receive pre-owned silver they sell out very quickly, you need to act quickly to buy.
Minimum wage in Portlandia is about 4 troy oz of .999 silver (not ASE's) per 8 hour shift. This is fantastic good wage, historically speaking. Roman Legioaires only got a silver dime per day (Denarius), and a skilled welder in WWII Kaiser shipbuilding plant got .1.25 an hour in 90% silver (7.15 oz. Silver weight for 8 hour shift).
Wow, your video quality looks a lot better. I think your lighting is better too. Been a fan for a while. Just thought I'd say I noticed some positive changes!
Great video Mario. The Royal mail will Not payout if your item doesn't arrive, bullion. precious metals, diamonds, cash or anything that can be turned into cash is strictly not included. only if its sent by Special delivery at an extra cost is it insured. They may at their discretion send you a book of 6 first class stamps as a goodwill gesture. Lol
Dealers charge fees dependent on the payment type top of the premiums. I am not a big fan of dealers. I have a few pawn shops I go to. I get my silver at spot +- a buck or two. No tax and no shipping.
Just to let you know, the only postage option via the UK post office that covers any precious metal in the event of loss is Royal Mail Special Delivery. If for any reason you had to make a claim due to the package not being received by the buyer, they would not pay the the full amount and would probably just refund you the postage costs of the recorded delivery i.e £2.40. You would then have to refund the remaining amount to the buyer. Thrust me they do lose packages!
The silver maple has a nominal value of $5 because the government of Canada guarantees that the coin will never be worth less than $5 and is legal tender. That said The problem I have with Physical is the Premium being charged over spot around 40% and then selling under spot. I have to wonder will dealers buy back the Physical after the top of the market has passed and the metals are on the way down on their cyclical pattern. Even now there are some dealers I have contacted that will not buy any bars over 100 oz. due to over supply. I suspect that the same will happen with coins should a rush to sell happen at peak prices. Or at the very least an extreme discount to spot.
Mario, great vid! In my native NJ, 3 jeweler friends of mine, all in nice areas, are telling me that wealthier investors are offering $45 per Silver Eagle. Plus, my friends can not even get their hands on them. Don't sweat the "CRIMEX" scam. It will pass soon.
I quit Ebay. They were getting 11.75%, with Ebay taking 9% and Paypal 2.75%, then they want me to pay taxes, then there is nothing but scammers now, and on and on. I just go to a major precious metal dealer not too far from me and do a customer pickup. No interstate or internet state sales tax, no shipping or insurance, no stressing over delivery...plus I can always take it back and sell it to them. My life is so much less stressful now.
I sell on Craigslist. I find people that Buy 20 oz are more at a time. Some people will buy 50 to 100 ounces at a time. Right know I would easily get $28 ounce. The great part about it is selling big amounts. Who has time to FART around selling 1 ounce at a time. Good video Mario!
I'm all for silver and gold but it's not an investment, it's a hedge. It doesn't pay you to own it like real estate does. You buy at a premium and sell at a loss. Once I realized this I slowed down on buying pms. The best metals to invest in 2020 is brass and lead if you catch my drift.
Mid 20's£ sounds ok Mario, but remember ebay tale that 10% Plus 2.9% to PayPal! and you have to be careful posting silver and coins using RM tracked, they NOT covered against loss! the Royal mail actually EXCLUDE silver from their cover on 1st/2nd tracked, it has to go SD to be covered. I always use and advise other sellers on the SilverHubs to use Special delivery)
Big difference in the cost of Ag in the UK and US. Purchased a kilo bar yesterday in the US for $875. That's about £21.5 per ounce if my conversion is correct. That is the final cost including delivery.
Great discussion about something we are all feeling just now , inc VAT seems about £30 to £ 32 at my normal.place , just have to accept I am.buying for a reason I hope does not happen and it is insurance and we all buy insurance at what we can get it for and very few of us dont buy it at all, car, life , house, etc and wealth insurance in this case, thats best case scenario, worst case scenario the silver and gold is indeed life insurance . Great video. Never any issue with the quality here.
You will love the SSD I recently bought a refurbished tower has SSD it is so fast, specially when turning it on or off. Extra RAM will help, but SSD is really sort of RAM since there's no moving parts, as in a HD
good information, Ive been buying from RMR (wales) + VAT , so I move to gold, but maybe they will not buy back my Silver coins at a good price , so I just hold the coins and I like owning them, they look good .
In comparison with Germany the prices in the UK are extremly high. This moment silver ( maple leafe 1 ounce) sells for about 25 Pounds in Germany plus shipping. But there is no discount when you buy a tube or more.
I have a few silver coins here in France. I asked a dealer in a mall how much they would offer for a troy ounce. This was when silver spot price was at about $18 equivalent. They offered about $13.
It depends what year Maple leaf is for sale. A 2019 will sell for bullion prices but a 1997 Maple leaf will sell for more than 100.00 Canadian Dollars.
VAT, (and in the US, state sales taxes) is a rip-off; on a few hundred dollars purchase I pay 6% tax, but if I buy an ounce of gold for 2000, no tax; another example of how the small retail buyer gets screwed and the wealthy run free.
Yep, I like maples. If it's a government stamped coin counterfeiting laws apply so I might have a better shot at being able to spend them without a specialized coin shop.
1 ebay auction as indication for value? What is the value of this information? Premium in Germany including VAT around the usual 20%, no sign of shortage. below 24 Euro.
I think you will find that there are hundreds of other transactions on eBay at the same price. The point is to prove that the spot or paper price has no basis in reality. I am not in Germany either as I said.
Why on earth would you need to do 4K? 720p is more than enough. How many people are watching on mobile phones and so on. Can you get the statistics from RUclips?
According to Jim Rickards, 1972 was the last time University financial courses mentioned precious metals as an important part of your portfolio. Think of all the advisers that have graduated since then and go on to run financial institutions. The only reason I got into silver and gold is because I lost half my savings in 2008. It took me a couple of years and a lot of reading, to understand precious metals, after that. I didn't start saving in them in earnest, until 2012. The self education journey I took, you can't get in a conventional school system, unfortunately.
So It Would Be Difficult To Sell Your Silver And Profit More Than It Would Cost To Replace It 🤔 I Think The Bullion Dealers Have Gotten Greedy This Year!
How do you verify that silver or gold are real, particularly when selling on Ebay? This is one of the issues that concerns me the most with precious metals.
![Chino Pacas - Modo Capone (with Drake & Fuerza Regida) [Video Oficial]](http://i.ytimg.com/vi/zjv8TQ0gBkg/mqdefault.jpg)
The quality of your videos is in their content Mario, thank you sir.
Glad you like them!
True
Mario, the quality of picture is well adequate for sitting at a desk and discussing things and showing graphs etc.
www.globaltimes.cn/content/1202395.shtml
Lessons from Toshiba & Alstom
Actual price is $600 per ounce, in ancient times both in greece, roman, Arab and chinese period. The average daily wages are 1/10 of an ounce. Today’s wages is $60. That will make silver $600 and gold should be $6,000 ration 10 to 1.
Need a 100 a day at least
But you didn’t count with the massive monetary inflation.
@@AgeofCraccadilliaassent $200-300 a day now when I was a kid $100 would work
60 a day lmao??
A Roman soldier and Greek soldier would earn about 0.10 Troy ounce for one day and a USA are private earns about $80 USA Dollars per day. So a troy ounce of silver would be about $800 USA Dollars per Troy ounce.
Premiums at large dealers--even when silver was $12 an ounce in March, they were charging $20, the greedy basterds.
You , may not be familiar with business,i inventory, and hedging. They can’t sell at a loss, and physical metal is not paper which is the only reason it went so low. Real metal fundamentals have no business being in the stock market at all, in my humble opinion. The real crime will come later as the VAT and wealth tax in Europe migrates to the states! Very few can stack metals in Europe, the elite have it in their head that we are property, and can’t own anything, but negotiable instruments that they control from birth to death, they own you and you only own titles to anything that’s not junk , and pay fees to keep it!
@@joeomalley1252 WHy have you not put a stop to that madness yet? Take your damn country back. Want to borrow Trump when were done with him?
Hi, Mario, been a while, but I’ve been with you since the beginning, and it took a while but your subscribers went up as predicted and your content is still 👍 I liked this video in particular, because I’ve sold to the dealers before, due to an unexpected tragedy and lost a bundle having to sell 22 OPM kilo bars at under $15 and paid over $20! It’s one of many mistakes I’ve made over the years, but especially in the beginning. I wish I sold the four Canadian 100 once bars and financed the remaining debt, also bought in the $20+ range when I foolishly got out of stocks and had multiple incomes to share the burden of owning a house and land, but everyone died and now my health isn’t so good.
I’ve not been able to by quantities like that for a few years but still pick up small amounts when there’s money left after pay our fearless imperial organized crime rulers their rent taxes and the annual one time bill as my wages go down, but the medical is good, but the hospitals are ridiculous and actually changed their hippo oath to include killing people without consent! It happened to my wife, who had battled leukemia for 8 years and loved life but wasn’t cost effective and she had a infection and diarrhea, and her new doctor, who she didn’t like or trust killed her by ordering chemotherapy for diarrhea, and her white blood cells and t-cell count went to zero in a day and put her on life support! Tell me that’s not murder?
Back to topic I will never sell to a dealer as long as I have income. I’ll barter, sell one ounce a day to survive and pay bills if I still have a pension and may even end up on disability, so a valuable lesson learned here.
The only thing wrong is the real price will never be known as long as it’s tied to paper markets, and the real fundamentals if ever applied would be right before the confiscation and hissy fit of the elite because the market is too small! The bankers have been the bad guys and priest’s too in my opinion, they have corrupted many good governments, and are all a part of the war on humanity to harvest their wealth by conquest , tax, and usury, COVID has proven they all work together against the masses, and we are global in that respect, and why Rothschild wanted the League of Nations, the Bolshevik revolution, finally the UN and central banking. Little London has quite a empire of shadows! I apologize for the story time comment but I had some time stuck in my car. Ciao.
Mario, you are the best gold & silver guy on the net.
I've got an old morgan which I got from my grandfather and the price on that one is.... priceless- cause I ain't sellin.
I hear you I had one as well it was stolen along with much more it sucks so much I had a Siler certificate the same year my father was born that was stolen too it sucks even more when it's stolen by someone you think you can trust I can't stand thieves
1/10th of an ounce used to represent a days hard labour....
@Zilverbacks,
You are correct, but that 1/10 oz pay quote was for a Roman soldier, and a very comfortable living for a job that resembles a pro sports athlete, who insures with Lloyd’s of London, and safety contract clauses against injury.
I have no clue what if anything the farmers and trades men of the day made, and suppose it was performance based and taxed heavily by a failing empire that split, one not surging and the other reinventing themselves into The Holy Roman Empire and the Church. Beware of dogma religion, it’s a powerful tool, and I would support them with half of all my wealth if I had any, but was never invited to Satans Empire of Dirt in any specific areas, and remain a slave under the current fraudulent corporate system of central banks and GOV.INC.
Sorry for the long reply to say only that you were correct and that was a great wage at the time!
It's still is in Ethiopia.
But that is totally meaningless two thousand years later. Ten years ago platinum was $100.00 over palladium. Now guess which is worth over 2K? Salt was so prized in the Roman Empire it was used for paychecks. It is where we get the work "salary". I can buy salt for $0.25 a pound. I pay $80.00 a month for internet access. My mom thought that was nuts but it makes me thousands. Mike Baloney says the farther we look into the past the farther we can see into the future. He is wrong. Just look at the GSR. For years, even in the US Constitution it was 1/15. Now 1/75. And last March it hit 120. History is interesting, but meaningless for investment advice.
Hi I am from india I have some rare coins and notes ,it's that possible I sent you pics and you tell me about the today market value ,my hobby to collect old antiqes item
When the price reaches a high level, high enough that people become sellers, then you will know the real market price.
Good morning Mario. Have a good weekend.
Agreed!
Brilliant
Interesting comparison. The way I find out what prices are being paid on Ebay is to search for a coin/bar, then click on "Advanced search" (to the right of the main Search button), then check the "completed listings" box and re-search. You get a range of actual selling prices and also what didn't sell. SSDs are much faster (including boot up speeds) and you will definitely get massive benefit from extra RAM when it comes to video editing. Appreciate your videos, always informed and relevant.
Two different perspectives on buying silver.
1. Prepper like myself buy silver without any plan on selling for fiat money
2. If buying for profit gains or short term trade, don't bother with physical paying 15% + premium. Just buy ETFs taking some risk just like stocks.
Im in the UK, I buy queens beast's, recently bought 60 lions, and 8 of the new greyhound coins, avaraged around 30 pounds an ounce, even with the dips., You are right dealers are short because they only offer spot or just above for your silver.
Mario, anyone in the U>S> can purchase an ounce of SLV or GLD. Premiums are high but no problem in receiving them.
You are correct when you say that silver and gold are real money that is in your hand with no counterparty risk.
I am becoming suspicious that the banks are going to have a bank holiday.
Nearly all of my accounts now I have to access the account by a mobile number.
I understand that the government mandated this, it was not wanted by my dealer.
The day will come when the final key to accessing bank and dealer accounts will not come.
Banks will have shut their doors and online access wil be disabled.
I was highly suspicious of contactless debit/credit cards when they came in, look what they are being used for now.
If you really want depressing on whats going look at the latest video from ice age farmer.
No planes in the skys and if they get there way no cars on the road.
All good points Mario, it's also why I've started letting private sellers use the SilverHubs section at CoinsUK, enables people to buy and re-sell directly together, at the fair mid price, saves vat and as you rightly mention - most dealers aren't paying enough to buy peoples silver back. I'm trying to help solve that! I think for sellers to re-sell their coins at about 20-25% over spot is a fairer price, it has to be fair for both buyer and seller. (and handled honestly & professionally) hope that helps.
Good morning my good friends across the big blue waters 🙌. I've been saying this for years professor. It just proves how manipulated the stock market is and criminal in nature to boot. Maple leafs are beautiful, but in the last pull back I got a tube of Silver Krugerrands that I just adore. I try not to buy from eBay, and have totally stopped, I just can't trust the quality and authenticity, so I just buy from rep dealers. Cheers and have a great day.🇺🇸🇬🇧🇺🇸🇬🇧🇺🇸🇬🇧
Thank you Mario . There are many ways to Look at Price discovery , I tend to think it's about 35.00 U.S, in Grocery's Today , but in a few Months it will be Near 70.00 U.S. in Value , and might be Worth 3x that in a Year or Two . Who can tell ?
I switched from gold etfs to physical gold last year. Cost me 3% over spot but it was worth it. Now can hold my own gold in my own hand and sleep at night whatever the Fed and politicians are doing.
Buy Gold and crypto
Crypto is the future
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He has really made a good name for himself
He's obviously the best I invested 2000USD
With him and in 9days I made profit of 9101USD.
Trading crypto with Wayne Bruce has being a game changer for me
Thanks Mario. You always know how to get the point across . It's never easy to "hold onto the bull" as you say during a P.M bull market, especially when comex and the LBMA manipulate the paper price of the metals we love to stack
On Wednesday I bought 21 Silver Britannia's from my broker at £24,53p each, no VAT because these were pre-owned and postage was included, I wanted to buy 25 but 21 was all they had left, as soon as they receive pre-owned silver they sell out very quickly, you need to act quickly to buy.
Minimum wage in Portlandia is about 4 troy oz of .999 silver (not ASE's) per 8 hour shift.
This is fantastic good wage, historically speaking. Roman Legioaires only got a silver dime per day (Denarius), and a skilled welder in WWII Kaiser shipbuilding plant got .1.25 an hour in 90% silver (7.15 oz. Silver weight for 8 hour shift).
Wow, your video quality looks a lot better. I think your lighting is better too. Been a fan for a while. Just thought I'd say I noticed some positive changes!
Thanks.
premium costs are at a premium i just bought 10oz 306.00 dollars the price is what ever you are willing to pay if it is available
PER THE 'DEBT CLOCK', CURRENTLY, THE DOLLAR TO 1 OZ SILVER IS NORTH OF 3,900.00
Great video Mario. The Royal mail will Not payout if your item doesn't arrive, bullion. precious metals, diamonds, cash or anything that can be turned into cash is strictly not included. only if its sent by Special delivery at an extra cost is it insured.
They may at their discretion send you a book of 6 first class stamps as a goodwill gesture. Lol
Thanks for the video.
Just one thing ... in the majority of cases people pay with Paypal. So you have 10 % from ebay and almost 5% from Paypal.
Dealers charge fees dependent on the payment type top of the premiums. I am not a big fan of dealers. I have a few pawn shops I go to. I get my silver at spot +- a buck or two. No tax and no shipping.
Just to let you know, the only postage option via the UK post office that covers any precious metal in the event of loss is Royal Mail Special Delivery. If for any reason you had to make a claim due to the package not being received by the buyer, they would not pay the the full amount and would probably just refund you the postage costs of the recorded delivery i.e £2.40. You would then have to refund the remaining amount to the buyer. Thrust me they do lose packages!
The silver maple has a nominal value of $5 because the government of Canada guarantees that the coin will never be worth less than $5 and is legal tender. That said The problem I have with Physical is the Premium being charged over spot around 40% and then selling under spot. I have to wonder will dealers buy back the Physical after the top of the market has passed and the metals are on the way down on their cyclical pattern. Even now there are some dealers I have contacted that will not buy any bars over 100 oz. due to over supply. I suspect that the same will happen with coins should a rush to sell happen at peak prices. Or at the very least an extreme discount to spot.
Mario, great vid! In my native NJ, 3 jeweler friends of mine, all in nice areas, are telling me that wealthier investors are offering $45 per Silver Eagle. Plus, my friends can not even get their hands on them. Don't sweat the "CRIMEX" scam. It will pass soon.
I quit Ebay. They were getting 11.75%, with Ebay taking 9% and Paypal 2.75%, then they want me to pay taxes, then there is nothing but scammers now, and on and on. I just go to a major precious metal dealer not too far from me and do a customer pickup. No interstate or internet state sales tax, no shipping or insurance, no stressing over delivery...plus I can always take it back and sell it to them. My life is so much less stressful now.
Interesting exercise in real economics.
I sell on Craigslist. I find people that Buy 20 oz are more at a time. Some people will buy 50 to 100 ounces at a time. Right know I would easily get $28 ounce. The great part about it is selling big amounts. Who has time to FART around selling 1 ounce at a time. Good video Mario!
In Australia I'm seeing people buy silver for up to $50 per ounce
720p is good enough.
I'm all for silver and gold but it's not an investment, it's a hedge. It doesn't pay you to own it like real estate does. You buy at a premium and sell at a loss. Once I realized this I slowed down on buying pms. The best metals to invest in 2020 is brass and lead if you catch my drift.
Mid 20's£ sounds ok Mario, but remember ebay tale that 10% Plus 2.9% to PayPal! and you have to be careful posting silver and coins using RM tracked, they NOT covered against loss! the Royal mail actually EXCLUDE silver from their cover on 1st/2nd tracked, it has to go SD to be covered. I always use and advise other sellers on the SilverHubs to use Special delivery)
Ze Germanz have most of the best sites on the web to order gold and/or silver. Keep stacking to the roof and beyond!
£18 spot + 10% dealer spread + 20% VAT = £23.40,
(£26.60 ebay + £2.45 postage) - 10% ebay fee (£2.90) - 4% paypal fee (£1.16) = £24.99,
less of a difference than you suspect.
Picture is perfect as is Mario, I think most people will be watching you on their phones like me and HD is more than adequate...👍
Great video Mario! My family keep telling me to sell abit of my britainia stash to see how the market is... but I’m addicted to my shineys!! 😂😂
dont sell
I have been buying one a week off ebay maples, brittanias and eagles may have even bid on that one!
Big difference in the cost of Ag in the UK and US. Purchased a kilo bar yesterday in the US for $875. That's about £21.5 per ounce if my conversion is correct. That is the final cost including delivery.
check out the prices at gold.de for fair prices when buying or selling
Thanks for posting this video. People selling on E-bay need to be aware of their fees (yes there are also fees you pay on shipping) Also Paypal fees.
Great discussion about something we are all feeling just now , inc VAT seems about £30 to £ 32 at my normal.place , just have to accept I am.buying for a reason I hope does not happen and it is insurance and we all buy insurance at what we can get it for and very few of us dont buy it at all, car, life , house, etc and wealth insurance in this case, thats best case scenario, worst case scenario the silver and gold is indeed life insurance . Great video. Never any issue with the quality here.
You will love the SSD I recently bought a refurbished tower has SSD it is so fast, specially when turning it on or off. Extra RAM will help, but SSD is really sort of RAM since there's no moving parts, as in a HD
In nz spot is NZD35, online it trades for NZD50. Wholesale they’ve sold out. That’s around a 50% premium
And that's generic rounds with minimum purchase orders ranging from 20ozs to 70ozs depending on dealer. Single/individual coins are even more
good information, Ive been buying from RMR (wales) + VAT , so I move to gold, but maybe they will not buy back my Silver coins at a good price , so I just hold the coins and I like owning them, they look good .
This video made me wealthier :))
In comparison with Germany the prices in the UK are extremly high.
This moment silver ( maple leafe 1 ounce) sells for about 25 Pounds in Germany plus shipping. But there is no discount when you buy a tube or more.
I have a few silver coins here in France. I asked a dealer in a mall how much they would offer for a troy ounce. This was when silver spot price was at about $18 equivalent. They offered about $13.
I appreciate your views & posts🙏
My pleasure
Nice explanation
It depends what year Maple leaf is for sale.
A 2019 will sell for bullion prices but a 1997 Maple leaf will sell for more than 100.00 Canadian Dollars.
Hey @maneco64 Thank you for your daily videos. Very insightful and informative. Keep up the good work!
I see your maple leaf is one of the earlier ones that they had issues with the milk spots on them. I've since heard they have corrected that issue.
VAT, (and in the US, state sales taxes) is a rip-off; on a few hundred dollars purchase I pay 6% tax, but if I buy an ounce of gold for 2000, no tax; another example of how the small retail buyer gets screwed and the wealthy run free.
You come through fine, Mario. My conputers are slower these days, now that they we are ALL home bound!
Hi Mario, I think you use a Mac? If so remember Apple iOS has been shown to slow down over time. By design on purpose to get you to buy the new model.
Great idea! Very revealing. Keep up your excellent work. Thank you Mario!
Good video concept, Mario. I'll be sending this to a few friends that are in the dark about such matters.
I Love Silver!!!!! the dropped its an amazing buy opportunity
Wow thanks for the info I didn’t realise and I check the prices regularly
This was a very helpful video, Mario.
Thanks Mario, a very practical vid clip.
Yep, I like maples. If it's a government stamped coin counterfeiting laws apply so I might have a better shot at being able to spend them without a specialized coin shop.
Good one!
Mario
What do you think about collecting high end watches?
Mario's video's give out so much good information that is hard to find anyehere else.
Thanks mate, good info.
If its not broke ,,,dont try to fix it, its your content , thanks Mario
Thanks Maneco.
Excellent video thanks so much
Thanks. Great work!
1 ebay auction as indication for value? What is the value of this information? Premium in Germany including VAT around the usual 20%, no sign of shortage. below 24 Euro.
Just take it for what it is. 🙄
I think you will find that there are hundreds of other transactions on eBay at the same price. The point is to prove that the spot or paper price has no basis in reality. I am not in Germany either as I said.
Why on earth would you need to do 4K? 720p is more than enough. How many people are watching on mobile phones and so on. Can you get the statistics from RUclips?
I come from the era of watching films on vhs tapes. 720p is luxury😀
Because it's 2020.
Nice experiment Mario, My local dealer has Mapels at €24.84 at the moment.
Oops * Maples
According to Jim Rickards, 1972 was the last time University financial courses mentioned precious metals as an important part of your portfolio. Think of all the advisers that have graduated since then and go on to run financial institutions. The only reason I got into silver and gold is because I lost half my savings in 2008. It took me a couple of years and a lot of reading, to understand precious metals, after that. I didn't start saving in them in earnest, until 2012. The self education journey I took, you can't get in a conventional school system, unfortunately.
Thanks. My local dealer says come back on a year or two to sell for a profit. Vat is now covered on my coins!
Thanks Mario!
I don't get it. Why wouldn't the person just buy the coin on JM Bullion or something or their LCS and pay way less than what they paid you?
Thawsyou sr for this information
Good video thank you.
Glad you enjoyed it
At 65 from 55... Buying back my money... Gold and Silver and Copper all in the fractional, hold it...There you have it... simple huh
@maestro64 yes I agree the black market =free market ebay vs dealer
Thx again Mario
But shipping if you offer free ship
Your picture is very clear
Great videos everyday.
Thanks @Laura Boudreau.
So It Would Be Difficult To Sell Your Silver And Profit More Than It Would Cost To Replace It 🤔 I Think The Bullion Dealers Have Gotten Greedy This Year!
Ebay is useless for new sellers, my items dont even show up when I searched for them.
My local bank is charging 40.1% premium to spot price on Canadian Maples lol ;)
Your Videos are fine Sir, You don't need to do all the up grading.. I am enlightened by what your saying and the ideas you talk about..
How do you verify that silver or gold are real, particularly when selling on Ebay? This is one of the issues that concerns me the most with precious metals.
I suggest having a local dealer that for a small fee will let you scan them
@@wirelessone2986 thanks.
Breaking News: US Mint reprising American Silver Eagles to $67 Effective 10/13.
With the Fed (Goldman Sachs) being handed a blank check, their price controls out of control, Gold /Silver will continue their climb...
Great video Mario!!
I am guessing those are selling for about $40 which doesn't cover cost of mining production.
great vid thanks.
That's right Mario, you're lucky to get spot when you sell to those guys.