Florida Coin Shop Owner & Gold Dealer Answer's Viewer's Questions | Silver Too High?! |

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  • Опубликовано: 16 янв 2025

Комментарии • 99

  • @vermillionenterprises
    @vermillionenterprises  7 месяцев назад +11

    What say you?

    • @buyystocks
      @buyystocks 7 месяцев назад +1

      $26-$28 this summer.

    • @Unknown_1_1776
      @Unknown_1_1776 7 месяцев назад +3

      Well done, good Sir's

    • @Abraham.Lincoln22
      @Abraham.Lincoln22 7 месяцев назад +2

      Aloha fellas. Enjoy the day. 🇺🇸

    • @silvertrek357
      @silvertrek357 7 месяцев назад +3

      I should have gone with my gut and sold yesterday. But then it probably would have gone up.😅

    • @buyystocks
      @buyystocks 7 месяцев назад

      @@silvertrek357 last Friday . I just happen to sell 6/10 ounce bars for 330 each. If I could just get them back at 28.12 😂 Happens to all of us when you’ve been doing this long enough. Good luck by the Dips. Only been over $30.03 times and the other two it retraced huge.

  • @hauraw1313
    @hauraw1313 7 месяцев назад +1

    The reason people follow the gold and silver ratio is because we know that the manipulation is so deep yet will come to an end soon with the great exposing of Jamie dimon and the comics and all of the silver rigging. We are investing for the day that silver rigging and manipulation is ended

  • @btcbob11392
    @btcbob11392 7 месяцев назад +19

    In this day and age it is amazing to find someone like this who will tell you the honest truth about what's going on and his insight as to why. I've purchased from Vermillon a few times over that last couple of years and always got a better price than anyone anywhere.

    • @vermillionenterprises
      @vermillionenterprises  7 месяцев назад +2

      thank you for watching, we greatly appreciate it

    • @scotttousey227
      @scotttousey227 7 месяцев назад +1

      ​@vermillionenterprises good show we like your anylis I'm glad I live abiut 20 miles I was there yesterday I wish I sold a little last week but I kniw it's gina change alot from day to day and week to week I watch other channels there's alot of talk where metals are going I think this summer it will even out over 30 for silver our fake money is close to useless these days metal has to go up

    • @susankerr9521
      @susankerr9521 7 месяцев назад +1

      I'm educating my adult daughter about precious metals, mostly 90% silver. I sent her here for "boot camp." I knew that she would get unbiased information. I've been stacking for a few years now, and I always learn something new from Brian's videos.

  • @72cmcinc
    @72cmcinc 7 месяцев назад +1

    Good to hear from you guys, have a great week!

  • @JeffY337
    @JeffY337 7 месяцев назад +1

    Your insights on the precious metals markets are invaluable. I really appreciate them. You have the best channel of this type on RUclips!

  • @LocalCoinReview
    @LocalCoinReview 7 месяцев назад +8

    Hey Tim when are you going to be in the videos?

    • @Johnsmith46392
      @Johnsmith46392 7 месяцев назад +2

      Good luck I’ve been asking for years!

    • @buyystocks
      @buyystocks 7 месяцев назад +1

      @@Johnsmith46392 we want tim

  • @JuanPerez-ys9ys
    @JuanPerez-ys9ys 7 месяцев назад +6

    Thanks for everything you doing guys you are the best 👍

  • @DaringDoberman-hd6lu
    @DaringDoberman-hd6lu 7 месяцев назад +1

    Good horse sense vedio thank you good to see a shop with both feet on the ground. Been stacking since 2017 and know the drill buy low and hold. Sold my 2018 silver recently and paid cash for major plumbing upgrade man it was nice to get $30.00 an ounce for silver I paid $18 -19.00 for. Factor in inflation and that silver deal was not $10 oz. profit more like $4.00 but i didnt have to borrow at 11% interest from bank. Still have a little and still buying one 10 oz. bar a month but lets face it cash and real estate still are king.

    • @vermillionenterprises
      @vermillionenterprises  7 месяцев назад

      perfect, that is exactly what storing/stacking PMs is for, not a lottery ticket

    • @INTERNETVID
      @INTERNETVID 7 месяцев назад +1

      Sound like you did well there. I agree with one caveat. I consider cash king only when it can either generate 5% or more in safe vehicles such as treasuries or bank CD's, and/or in keeping the powder dry to deploy if/when other asset values like real estate opportunistically drop.

  • @PoorMansInvesting
    @PoorMansInvesting 7 месяцев назад +4

    I couldn't even sell my platinum at the greater Jacksonville coin show this weekend, offloaded some some silver for numismatics

    • @JJuniverse1111
      @JJuniverse1111 7 месяцев назад +2

      Was there also , enjoyed the discussions with the dealers

    • @PoorMansInvesting
      @PoorMansInvesting 7 месяцев назад +1

      @@JJuniverse1111 I was kinda pressed for time, really wanted to get some opinions on the 500 ounces of Silver in a Tomahawk Missile myth.

    • @brendenfuller8005
      @brendenfuller8005 7 месяцев назад

      Why do you think it's a myth lmfao

    • @PoorMansInvesting
      @PoorMansInvesting 7 месяцев назад

      @@brendenfuller8005 because I've actually researched it as opposed to listening to a RUclipsr. I made a video on it too.

    • @robertPharry777
      @robertPharry777 7 месяцев назад

      ​@@PoorMansInvesting...A Massive SILVER BULLET!!!

  • @BillGuyHawaii
    @BillGuyHawaii 7 месяцев назад

    Industry insights are always very interesting. Thank you for your time. Good job. TCB.

  • @boodgiek8146
    @boodgiek8146 7 месяцев назад

    Silver is way too low buy buy buy before the dollar collapses.

  • @steveedington5231
    @steveedington5231 7 месяцев назад

    you guys rock thank you for the videos

  • @seeker4205
    @seeker4205 7 месяцев назад

    You're saying silver under 25 like it's a given... when silver runs it could melt faces

  • @HialeahRefugee
    @HialeahRefugee 7 месяцев назад +5

    Thanks for the info..

  • @SkywalkerPMs
    @SkywalkerPMs 7 месяцев назад +2

    Is the tape you use on the shipped boxes the same used on the exterior of the Space Shuttle for safe reentry? 😂

  • @IMDunn-oy9cd
    @IMDunn-oy9cd 7 месяцев назад +1

    Is sales tax required on foreign gold purchases over $500?

  • @erickisel8668
    @erickisel8668 7 месяцев назад +1

    @Vermillion Enterprises: Junk silver premiums?

  • @coloreye7963
    @coloreye7963 7 месяцев назад +1

    I was typing when you answered my question at the very end of the episode…I was curious as to how the buy it now went yesterday. Do the “stacker” buy it now’s not do better than the “collector” buy it now’s?

  • @hmquan
    @hmquan 7 месяцев назад +1

    I enjoy your BIN videos, sorry yesterday’s BIN didn’t do well. There were so many graded silver coins for sale that I didn’t know much about to even attempt to buy. I’m just a simple silver/gold buyer, not even a stacker in a sense of the definition. A true coin collector would know if it was a great deal, or just to complete a collection. Your BIN had a lot of great graded silver eagles in sequential years, but some were tarnished because how it is. If I had more resources, I always buy your BIN 90%, pre1933 gold, 1oz,5oz,10oz silver, ase because you offer good prices. Thank you for your hard work.

  • @don951
    @don951 7 месяцев назад

    Thanks! I always enjoy the Q&A's. Cheers!

  • @thomascrompton7775
    @thomascrompton7775 7 месяцев назад +1

    So its true he is honest silver is too high. So to all those that said I'm holding forever. That's a good idea leave it to kids who can sell it at 16 dollars instead of you selling at 30. Makes total sense to me. In fact gold also. Haha😂

  • @medhead964
    @medhead964 7 месяцев назад +1

    I've been casually noticing a trend that whenever the USD index drops, metals tend to go up and vice versa. It's not every time, but whenever I see a major shift in metals, I look at the USD index and more often than not it shifts in the opposite direction. If you have any information on this, maybe you can answer that in another video or explain the correlation? Today for instance, at the time I'm typing this silver is down 87 cents and gold is down almost $20, but the USD index is up 24 cents which is significant based on trends. Thanks for all you do.

    • @jasonandjulim4163
      @jasonandjulim4163 7 месяцев назад

      The general rule of thumb is that G & S compete with the $$. If the $ goes up Gold and silver go down, and the opposite. $ goes down silver and gold go up. Overtime the $ will always go down because that is how it it designed.

  • @jasonandjulim4163
    @jasonandjulim4163 7 месяцев назад +3

    The GSR is a fools errand like you said Brian. But the G+P/S+P ratio can be a homerun if you are able to a pay attention to where premiums are. Maybe you can explain it better thanI can here. but the formula is Gold + premium / Silver + premium. Last year when ASE premiums were stupid high, I was able to roll those into a good bit more gold than what the standard GSR would have done. I think the GSR was around 80ish but the ASE to Gold ratio was about 45.

    • @jamesitsines6890
      @jamesitsines6890 7 месяцев назад

      lol I call it the enhanced GSR with premium play. I 100% agree!

  • @greenman5255
    @greenman5255 7 месяцев назад +9

    Silver too high? Not today it isn't!

    • @PoorMansInvesting
      @PoorMansInvesting 7 месяцев назад +3

      I think it is, kinda explains the price action.

  • @davidf3883
    @davidf3883 7 месяцев назад +2

    Your in a tough tough busines Brain and Tim. I would like to order from you but I only do checks and it would take a month from writing the check to getting product to me in WI. That's just too long, and I understand why you hold for 2 weeks. I think your prices are great and I watch every update that you put out. Best wishes guys!

    • @kevink6420
      @kevink6420 7 месяцев назад

      No different than any other dealer that takes a paper check and waits for it to clear.

    • @INTERNETVID
      @INTERNETVID 7 месяцев назад +1

      Your personal decision of course. I customarily use Zelle but if checks were my preference I'd wait the 4 weeks if the price was favorable enough. But again that's just me.

    • @leematthews-qk5qp
      @leematthews-qk5qp 7 месяцев назад +1

      It’s a lot faster than you think.

    • @jonodunn2592
      @jonodunn2592 7 месяцев назад

      Checks? Is this 1980

    • @kevink6420
      @kevink6420 7 месяцев назад

      @@jonodunn2592 Yet checks never have a limit...unlike most Zelle accounts

  • @RudyHermes
    @RudyHermes 7 месяцев назад +2

    Good job thank you

  • @michaelbradberry7260
    @michaelbradberry7260 7 месяцев назад

    Thanks for the videos bro are you’ll still selling silver at spot rounds bars thanks

  • @turyzorrilla4478
    @turyzorrilla4478 7 месяцев назад

    What if it doesn't go to $25 an ounce . You wont buy from whole sellers again. Just what comes thru the door 😊

  • @jbgant8513
    @jbgant8513 7 месяцев назад

    Excellent as always.

  • @MM-cp4mi
    @MM-cp4mi 7 месяцев назад +1

    Seems like people dont have money for non essentials

  • @dang6684
    @dang6684 7 месяцев назад +3

    You are assuming silver will be under 25 and you also assume you can get it.

    • @vermillionenterprises
      @vermillionenterprises  7 месяцев назад +2

      no problems getting it less than 3 months ago when it was less than $25, no problems getting it when it dropped to $12 per ozt at the beginning of covid,plenty out there

    • @dang6684
      @dang6684 7 месяцев назад +1

      We know your not a believer

  • @ddprepper5227
    @ddprepper5227 7 месяцев назад +2

    Silver prices cheap right now back up the truck it's on sale and I am still stacking

  • @JuanRodriguez-km9hl
    @JuanRodriguez-km9hl 7 месяцев назад

    Great show guys 🎉

  • @jerrywalden7131
    @jerrywalden7131 7 месяцев назад +1

    Great comment on the GSR.......... I have often thought the same......

  • @jamesitsines6890
    @jamesitsines6890 7 месяцев назад

    It’s not so much the GSR it’s how much silver I bought at a dip (not price) I can trade for gold that has been staying fairly high. So for example last week if I traded 78 oz silver that I had ($25x78) $1950 out of pocket for a ounce of gold selling for $2450 seems like a good deal to me ;)

  • @jeffo.31
    @jeffo.31 7 месяцев назад +3

    silver eagle premiums too high!!!

  • @INTERNETVID
    @INTERNETVID 7 месяцев назад +2

    Jamie is again lightly tapping the '

  • @SkywalkerPMs
    @SkywalkerPMs 7 месяцев назад +2

    $25 is a good number.

  • @davidcruger2237
    @davidcruger2237 7 месяцев назад

    Wow the buy it now was a loser???? I watched it and thought you had GREAT deals....I was on lot #1 but as your video said it won't last long and Yep gone. Great job, I have you on subscribe and bell notifications. While I have not order from you yet, your price points are "Spot" on. Yes pun intended.. Keep up the great videos

    • @buyystocks
      @buyystocks 7 месяцев назад +2

      the buffalo was a great deal but most people are low on funds.

    • @vermillionenterprises
      @vermillionenterprises  7 месяцев назад +1

      @@buyystocks #facts

  • @6handicap604
    @6handicap604 7 месяцев назад +3

    I completely understand your position on reporting transactions over $10,000.00. But the question I have concerns trades. If a person traded $15,000.00 worth of silver for $15,000.00 worth of gold, would that be a reportable event? Thanks for your time and informative videos.

  • @markpoplin2615
    @markpoplin2615 7 месяцев назад

    Mr Brian do you have gold buffalos in the shop?

  • @gravyace
    @gravyace 7 месяцев назад +4

    “once it dips back below $25”… who’s gonna tell him?

  • @charleswilson6789
    @charleswilson6789 7 месяцев назад +1

    Nice haircut Brian

  • @galvaautovued.i.8460
    @galvaautovued.i.8460 7 месяцев назад

    Silver did your key buys a bad taste...but thank you, nonetheless!

  • @aksilver907
    @aksilver907 7 месяцев назад +1

    i would buy one of your matts to put on my desk lol bet you get asked that all the time

  • @rickyshouseofcrap8600
    @rickyshouseofcrap8600 7 месяцев назад +5

    silver will not go below $25 oz. again those days are over with maybe $27

    • @vermillionenterprises
      @vermillionenterprises  7 месяцев назад +3

      it was less than $25 3 months ago, could easily return

    • @rickyshouseofcrap8600
      @rickyshouseofcrap8600 7 месяцев назад +1

      ok we will see and if the spot price does get that low the premiums will go up any way so it want matter

    • @btcbob11392
      @btcbob11392 7 месяцев назад +3

      Never say never, no one can predict the future

    • @vermillionenterprises
      @vermillionenterprises  7 месяцев назад +2

      @@rickyshouseofcrap8600 premiums already on the rise

    • @INTERNETVID
      @INTERNETVID 7 месяцев назад +2

      @@rickyshouseofcrap8600 True overall. But in addition, I think you'll find that once spot does drop further and appears to stabilize, premiums tend to adjust back down accordingly. I believe largely due to competitive factors. For example, I remember when spot dipped below $25, Brian was offering ASE's with incredibly favorable premiums, and not just for one or two days. Maybe past is prologue. I hope.

  • @Nikotromus
    @Nikotromus 7 месяцев назад

    Jamie Diamond is an employee of JP Morgan Chase Bank. The original owner of JP Morgan Bank was JP Morgan, and the original owner of Chase Manhatten bank was the Rockafellers. Of course they still own the banks today. Both are believed to be original partial owner of the Federal Reserve Corporation. So if Jamie Diamond is just an employee of the owners of the Federal Reserve Corporation, in my mind I just hear "The Federal Reserve Corporation" when I hear the name of their employee, Jamie Diamond.