I'm in a holding pattern, not buying not selling. going to let it ride and pay down debt which will add to my financial freedom. Thanks for the wise words and entertaining video.
I have learned if you don't sell some on the way up you will regret it. Because in the past it always seems to come back down. It is quite frustrating. But I would never sell it all. This time feels a bit different though and could be the big one. We shall see.
That’s my strategy as well. Buy low, sell high. But you’re right…It could be different this time. 🤷🏼♂️ I sold a little too early a few months ago. 🤦♂️ But better too early than too late though.
If you’re not selling when the price goes up when will you sell? I finally sold some yesterday for the first time since I started stacking. It felt good. Time will tell whether it was the more profitable thing to do or not.
I did too, nothing wrong with taking profits. It's not going to go up forever. If you sell some every month or so for the next few years, that is the best thing. Take advantage of those higher prices. We can speculate all we want but the reality doesn't care about doomsday mindset and all the "dollar is going to zero" mindset. Silver might not be worth more than it's previous ATH until 2050, no one knows. By then I will be an old man, better to live the moment than speculate about the future.
As silver approaches $30, I tried to sell some of my 1oz .999 sovereign coins from places like Niue, Tuvalu and other countries. I went to 3 different coin shops in the Chicago area and all three offered me $1.50 less than spot. I was given stories that they have a surplus right now and that's all they will pay. Makes me wonder if silver ever does reach $50, what will dealers be offering as a buy price.
I traded the GSR this week and got 98% of Silver Spot for Generic Rounds and Kilo Bars, which was 59 cents less than Spot at the time I sold. I would not have been happy with the offers you received.
YES!!!! EVERYONE please sell. I am a couple of weeks away from picking up my next purchase......if all of you sell, that should drop the price back down a bit just in time for my monthly purchase.
I'm still dollar cost averaging $200.00 worth each week...at least until my bank closes...lol...been doing that for 3 years come June 6th...no reason to quit now...smiles
I just started stacking at the beginning of this year. I started off buying silver rounds, mostly online, but have switched to buying 90% from my LCS. I'm already up to 25ozs. It's not much, but I'm having fun!
That is speculation, you could be right, you could be wrong. Be open to both scenario's. This could also be the top and you will have to wait another decade to make money back. Be a contrarian, don't think like all the youtubers.
@@ClydeTakahashiDumbest statement ever. Some people sell because they have to and if you don’t understand that then something is seriously wrong with you!
Great information! But, you videoed, you didn't film. "as we video this..." Saying filming is like calling gold silver. Respect to you and keep up the great work. 🙂
I think whether one buys or sells their metals at anytime is a decision that should be based on their goals. Are you stacking to preserve wealth, prepping for an SHTF scenario, or something else? Personally I’m not selling. I am looking for deals at these higher spot prices or 90% and imperfect sovereign coins.
Great advice about converting gold to silver rather than selling. Never considered it! When I see a head and shoulders on the gold chart, I might just try converting to silver if the ratio is in the upper 80’s again.
I sold some of my silver on Friday and it felt great to get my investment back. When I made this decision I hadn’t even opened RUclips since before it hit $30. I gotta say everyone going nuts about it going to the moon, is like a good confirmation that it will be going back down soon. That and the strong bearish divergence on golds chart and a smaller bearish divergence on silver’s chart. A parabolic move in copper and platinum also says the metals are over bought and gonna pull back. Time will tell though. Good luck out there.
Thank you for this channel and the information you've shared. I'm going to share this video with my adult sons and daughters to help enlighten them on the values of gold and silver and how they can work for you to preserve your wealth in tough economic times. Thank You
Josh, I consider you as a friend.He's not sure.Do enjoy your videos and specially the walk through on your shop.Anyways keep up the good work and I'll see you or talk to you later by texting.😊
Chinese Silver Demand Demand for silver in China is rising. Priced in US dollars, silver closed at $32.96 on May 17th (Shanghai exchange). Arbiters buy silver at or below $30.00 in the US and sell it at a premium to China. Just a reminder that there is far more fiat currency in the world than there is actual metal.
My plan hasn't changed too much other than I'm buying less volume of gold and silver. It's actually decidedly less lately given that I've had some unexpected bills crop up. They're nothing I can't handle but it has meant that my saving cash (which gets turned into metals) has been taken up for weeks. Anyway when these issues are behind me I'll be buying again. Thanks, Josh!
I’m not stopping now. 25 years ago no one and not me said Hey this is only going to increase in value! My son knows and will be 100x’s better off than me!
I'm a combination of all of the types of buyer and seller you can think of although i'm mostly a buy and hold. I'll look at many ratios, gold/platinum, silver/stocks/real estate etc and also just overbought/oversold conditions when determining my next course of action.
I wouldn't sell until and if it hits it's all time peak of 50 and possibly goes over. Going to keep stacking even after that. I use silver as not only a way to protect my wealth against inflation but a way to save my money. When I put it into silver, I don't want to withdraw it and spend it I just want to look at the silver stack grow. 😊
My personal silver to gold ratio is 50 to 1. I was wanting to trade some silver for gold at 100:1 but it did not get there before silvers move up. I would like to have more gold than silver. Maybe next time!
Thanks for addressing this topic today. I have been thinking of converting some gold into silver. My gut tells me to hold off because I feel like gold is getting ready to jump up even higher. Maybe when it is bouncing around 2600 to 2800 I'll reconsider.
My GSR trades are with eagles. I wouldn't trade ASE for AGE right now. Along with spot ratios, I also factor premium spreads of each. I think ASE will outperform AGE in a bull market, both in terms of spot increase and higher premium buy back. At all-time highs, there's no frenzy for AGE right now. ASEs will squeeze in demand, thus greatly maximizing a trade to AGEs when the time is right. I envision 100% premiums for silver eagles as spot hits $50. That's $100 each, and exactly how we'll get to a realistic GSR of 30 when gold eagles are selling for $3,000.
I lucked out getting an APE (platinum) from a random year/any mint deal and I’m definitely holding it for the next run up. The buy back price right now at JM Bullion is 5% OVER spot.
i need to put up solar panels and landscape my backyard so i am liquidating a portion of my stack to pay for them. It is just hard to find a buyer that is willing to pay anywhere close to spot.
$20 dollar bill in 1913 and one gold coin were interchangeable Both you could eat all month at a restaurant. Fast forward to today. Which one can you eat all month at a restaurant with? Which one should you save your wealth in? Silver is mined at 7 to 1 and the ratio 80 to 1 now? Please give better advice on your videos
I am holding but did buy 2024 ASEs yesterday 5/15/24 for $33.50 each. I still do believe when we break $30 we will go to $35 in a quick fashion. I still am looking to buy gold but would like a pull back on Costco gold prices. (Lately their premiums have gone up on it). I know in Asia their is a lot of gold buying especially in China. My question to the chat and Josh, has the silver buyback prices now go for below spot on generic silver? How about ASEs and other foreign coins? Thanks
Im on a very fixed income, only have aby70 troy ounces, hoping to have 100 by end of yr. Its not looking good but ill never sell...... Im saving for either my kids to inherit or to use as money when our "aighty dollar" is totally worth nothy!
Like you, im waiting for a 60:1 ratio. Or 90:1 🤑 Sell for cash? Only in retirement(15+ yrs) Haven't even cut interest rates yet. We're just getting started 🤤
Gold has outperformed silver since the history of forever. Silver's annual return is somewhere around 5.5% on average whereas gold is 7.3%. Buy gold. There's a reason it's called the gold standard.
Fall of 2013 was the last time we had a GSR of 60 to 1. That seems like a pretty favorable ratio you are waiting on. The 10 year GSR average is 79.38. In the midst of a gold bull market, now (with a GSR around 80), may be a great opportunity to exchange silver for gold. If Central Banks keep buying and the US national debt keeps growing by a Trillion dollars every 100 days, gold will continue to push forward. Silver price may or may not follow as it is more complex and based on industrial demand coupled with investment demand.
I'm not convinced that 80 is the 'new normal' for the ratio, it can trend for decades in one direction then spend the next several decades trending the opposite direction. From 1920-1970 it made a round trip from 20 up to 100 then back down to 20 again. That's a long time to wait for a trade, but nevertheless the closer you are to the extremes the more useful the signals have proven to be.
I would gladly give a coin shop 80 oz of silver for an ounce of gold but that will never happen. The coin shop has to make some money. They are not just going to trade you straight up. So you will always take a loss.
no coin shop will do that with out asking premium I went to coin shop and asked they would give me give me 74 oz silver round to my 1oz gold eagle. buyany thing silver 925 anything coin silverware low premium
I’m sure you understand that some people are in need of dollars and they sell for that reason. You do what’s in YOUR best interest not what someone thinks you should do.
When you are buying silver & gold from the public how do you test to prove authenticity? What do you offer customers for silver and gold, generic/jewelry ..spot price or spot + a premium? I'm not selling but curious how LCS buy from customers.
I may sell a little gold at the beginning of next month if gold is still high and get some Car repairs done. I ordered some Mexican Silver a few days ago, a awaiting delivery.
😂🤷 Really Amazing... I can't believe people still buy gold and silver. I guess some people still buy records and cassette tapes even though the digital version is so much better kinda like Bitcoin
I've been buying silver. As you mentioned if the ratio goes lower than the "80:1" its currently sitting at; perhaps "60:1" or something. I'd trade in gold. Right now when it comes to gambles. I'm holding Call-Options for Walgreens, potential gains in the hundreds of thousands.
Fall of 2013 was the last time we had a GSR of 60 to 1. That seems like a pretty favorable ratio people are waiting on. The 10 year GSR average is 79.38. In the midst of a gold bull market, now (with a GSR around 80), may be a great opportunity to exchange silver for gold.
NOT the way to do it..... Should be the other way around...... More Silver for Gold means when the ratio goes to 50 you made 30 ounce of silver for each ounce of gold.
Not trading my silver for gold yet, but would it be a good idea to trade my 1/10 oz gold eagles for a 1 oz gold eagle. Would love to own a 1 oz but I do enjoy collecting the 1/10 and yes I know the premiums are high but I have already made up for those premiums with gold going up so much.
That's good business! Doing business is doing sales, having many customers. You gotta turnover your coins as fast as possible, doing buying and selling for profit.
The Premiums are what screws up ratio trading. Who is going to swap your metals without making money? Probably off both ends... Right now I'm not buying or selling. No money to buy and I'm not selling until after the election, maybe way beyond the election..
Is it an even trade when someone converts silver to gold meaning no premiums involved. . . Example joe 6 pack comes in with 80 ounces of silver for a coin shops 1 ounce of gold
It depends. If Joe 6 Pack is trading higher premium silver for lower premium gold, it may be an even trade based on the ratio. If the reverse is the case, it would require more silver for Joe to trade for the gold.
Time to sell? What do you need? Why cant you use your fiat currency to buy what you need? Why did you aquire precious metals if you cant buy what you need?
WHY NOT MINOT... THANKS. It's ABOUT TIME that one of the pros shares explicit thoughts on S/G Ratio and trading out. Similar thoughts on waiting yet I don't hear more... Thanks again
Just a bit of an opposing view, but i dont think the gsr is relavant anymore. Gold is now declared teir one asset and more and more silver is looked at as just a commodity metal now. I just think that the gold to silver ratio is going to keep widening.
I'm in a holding pattern, not buying not selling. going to let it ride and pay down debt which will add to my financial freedom.
Thanks for the wise words and entertaining video.
I sold some. Nothing wrong with taking profits. Long Gold and silver!
I have learned if you don't sell some on the way up you will regret it. Because in the past it always seems to come back down. It is quite frustrating. But I would never sell it all. This time feels a bit different though and could be the big one. We shall see.
That’s my strategy as well.
Buy low, sell high.
But you’re right…It could be different this time. 🤷🏼♂️
I sold a little too early a few months ago. 🤦♂️
But better too early than too late though.
If you’re not selling when the price goes up when will you sell?
I finally sold some yesterday for the first time since I started stacking. It felt good. Time will tell whether it was the more profitable thing to do or not.
I did too, nothing wrong with taking profits. It's not going to go up forever. If you sell some every month or so for the next few years, that is the best thing. Take advantage of those higher prices. We can speculate all we want but the reality doesn't care about doomsday mindset and all the "dollar is going to zero" mindset. Silver might not be worth more than it's previous ATH until 2050, no one knows. By then I will be an old man, better to live the moment than speculate about the future.
With the dollar tanking, I'm still buying and holding... Only silver! 😊😊😊
Exactly
Never assume that the Federal Reserve won't jack up interest rates to support the dollar.
As silver approaches $30, I tried to sell some of my 1oz .999 sovereign coins from places like Niue, Tuvalu and other countries. I went to 3 different coin shops in the Chicago area and all three offered me $1.50 less than spot. I was given stories that they have a surplus right now and that's all they will pay. Makes me wonder if silver ever does reach $50, what will dealers be offering as a buy price.
I wouldn’t worry about that. If the spread ever got that ridiculous,
People would just start buying and selling to individuals.
About $48.50
I traded the GSR this week and got 98% of Silver Spot for Generic Rounds and Kilo Bars, which was 59 cents less than Spot at the time I sold. I would not have been happy with the offers you received.
Sell to other people online or in person … don’t sell to shops under spot ever!
@@joshmiller2725the P2P market is stronger than ever right now I am hearing
YES!!!! EVERYONE please sell. I am a couple of weeks away from picking up my next purchase......if all of you sell, that should drop the price back down a bit just in time for my monthly purchase.
Yes, everyone sell! Please bring the price down for us haha.
No, just ask Minot to call Jamie dinom to hammer silver. My lcs does for me .😂
Retail physical market has 0 impact on the stock market price
HOLD
I sold 50 ounces today. Have at them!
Congrats on all the subs! I'm only a year and a couple months into stacking so I plan on selling nothing.
I'm still dollar cost averaging $200.00 worth each week...at least until my bank closes...lol...been doing that for 3 years come June 6th...no reason to quit now...smiles
That’s about what I normally do a week. Unless we have unexpected expenses.
I just started stacking at the beginning of this year. I started off buying silver rounds, mostly online, but have switched to buying 90% from my LCS. I'm already up to 25ozs. It's not much, but I'm having fun!
Good job! We all started the same way. Keep doing what works for you.
No. Prices are just starting to go up. They have allot of more room to rise.
That is speculation, you could be right, you could be wrong. Be open to both scenario's. This could also be the top and you will have to wait another decade to make money back. Be a contrarian, don't think like all the youtubers.
Buy and hang onto it if you can.
Only sell when you have to. I plan to divest during retirement. No earlier than 75.
If you have to sell, you shouldn't have bought in the first place!
@@ClydeTakahashi Absoultely! Keep your powder dry!
@@ClydeTakahashiDumbest statement ever. Some people sell because they have to and if you don’t understand that then something is seriously wrong with you!
Great information! But, you videoed, you didn't film. "as we video this..." Saying filming is like calling gold silver. Respect to you and keep up the great work. 🙂
Buying both stll but being careful to keeping an ear to the ground, thanks for your thoughts Josh, added to the valuable information.
I’m holding my stack as well. Excellent Content!!
I think whether one buys or sells their metals at anytime is a decision that should be based on their goals. Are you stacking to preserve wealth, prepping for an SHTF scenario, or something else? Personally I’m not selling. I am looking for deals at these higher spot prices or 90% and imperfect sovereign coins.
Exactly. Yesterday my dealer traded me 14 imperfect /impaired ASE for 14 Generic Buffalo rounds.
Can't buy at this time but not selling either.
Great advice about converting gold to silver rather than selling. Never considered it! When I see a head and shoulders on the gold chart, I might just try converting to silver if the ratio is in the upper 80’s again.
Awesome video! So sincere and genuine…
I sold some of my silver on Friday and it felt great to get my investment back. When I made this decision I hadn’t even opened RUclips since before it hit $30. I gotta say everyone going nuts about it going to the moon, is like a good confirmation that it will be going back down soon. That and the strong bearish divergence on golds chart and a smaller bearish divergence on silver’s chart. A parabolic move in copper and platinum also says the metals are over bought and gonna pull back. Time will tell though. Good luck out there.
Thank you for this channel and the information you've shared. I'm going to share this video with my adult sons and daughters to help enlighten them on the values of gold and silver and how they can work for you to preserve your wealth in tough economic times. Thank You
I agree to hold your silver because I think it's going to top out at $34 this year
Josh, I consider you as a friend.He's not sure.Do enjoy your videos and specially the walk through on your shop.Anyways keep up the good work and I'll see you or talk to you later by texting.😊
All good advice by my way of thinking. I wish we had someone like you in Sarasota!
Chinese Silver Demand
Demand for silver in China is rising. Priced in US dollars, silver closed at $32.96 on May 17th (Shanghai exchange). Arbiters buy silver at or below $30.00 in the US and sell it at a premium to China. Just a reminder that there is far more fiat currency in the world than there is actual metal.
Buying more silver!! There are very !imited supplies!! It will be "unobtainium".
Always great info Josh. Thank you.
Excellent Information from an honest coin dealer. Gotta appreciate that!!
Thanks for sharing your thoughts Josh. Grabbing a 90% half here and there to keep slowly adding, holding what I have.
My plan hasn't changed too much other than I'm buying less volume of gold and silver. It's actually decidedly less lately given that I've had some unexpected bills crop up. They're nothing I can't handle but it has meant that my saving cash (which gets turned into metals) has been taken up for weeks. Anyway when these issues are behind me I'll be buying again. Thanks, Josh!
Holding on to what I have. Added to my stack currently with 90%.
LIKE & Subscribe share video with friends and family.
I am trading up on my silver ,not interested in gold at all.
Buying into fomo melt ups is I'll advised. But old money gonna old money I guess lol
I’m not stopping now. 25 years ago no one and not me said Hey this is only going to increase in value! My son knows and will be 100x’s better off than me!
why would you swap real money for monopoly money???
Losing proposition! Every time you trade bullions, you're losing money because of the bid/ask spreads and the premium fees.
I'm a combination of all of the types of buyer and seller you can think of although i'm mostly a buy and hold. I'll look at many ratios, gold/platinum, silver/stocks/real estate etc and also just overbought/oversold conditions when determining my next course of action.
Thank you for sharing as always/ Appreciate the honest no nonsense chatter.
I wouldn't sell until and if it hits it's all time peak of 50 and possibly goes over. Going to keep stacking even after that. I use silver as not only a way to protect my wealth against inflation but a way to save my money. When I put it into silver, I don't want to withdraw it and spend it I just want to look at the silver stack grow. 😊
My personal silver to gold ratio is 50 to 1. I was wanting to trade some silver for gold at 100:1 but it did not get there before silvers move up. I would like to have more gold than silver. Maybe next time!
Great video! Definitely holding, waiting for the dips...
Thanks for addressing this topic today. I have been thinking of converting some gold into silver. My gut tells me to hold off because I feel like gold is getting ready to jump up even higher. Maybe when it is bouncing around 2600 to 2800 I'll reconsider.
Every time you trade bullions, you're losing money because of the bid/ask spreads and the premium fees.
My GSR trades are with eagles. I wouldn't trade ASE for AGE right now. Along with spot ratios, I also factor premium spreads of each. I think ASE will outperform AGE in a bull market, both in terms of spot increase and higher premium buy back. At all-time highs, there's no frenzy for AGE right now. ASEs will squeeze in demand, thus greatly maximizing a trade to AGEs when the time is right. I envision 100% premiums for silver eagles as spot hits $50. That's $100 each, and exactly how we'll get to a realistic GSR of 30 when gold eagles are selling for $3,000.
I lucked out getting an APE (platinum) from a random year/any mint deal and I’m definitely holding it for the next run up. The buy back price right now at JM Bullion is 5% OVER spot.
Great video as always. Thanks for caring and sharing! #keepstacking 🇺🇸
i need to put up solar panels and landscape my backyard so i am liquidating a portion of my stack to pay for them. It is just hard to find a buyer that is willing to pay anywhere close to spot.
$20 dollar bill in 1913 and one gold coin were interchangeable
Both you could eat all month at a restaurant.
Fast forward to today. Which one can you eat all month at a restaurant with? Which one should you save your wealth in? Silver is mined at 7 to 1 and the ratio 80 to 1 now? Please give better advice on your videos
I am holding but did buy 2024 ASEs yesterday 5/15/24 for $33.50 each. I still do believe when we break $30 we will go to $35 in a quick fashion. I still am looking to buy gold but would like a pull back on Costco gold prices. (Lately their premiums have gone up on it). I know in Asia their is a lot of gold buying especially in China. My question to the chat and Josh, has the silver buyback prices now go for below spot on generic silver? How about ASEs and other foreign coins? Thanks
I don't hold PMs to make FRNs. I hold PMs to avoid FRNs
Thanks for sharing your opinion…
Im on a very fixed income, only have aby70 troy ounces, hoping to have 100 by end of yr. Its not looking good but ill never sell...... Im saving for either my kids to inherit or to use as money when our "aighty dollar" is totally worth nothy!
thank u josh
Like you, im waiting for a 60:1 ratio. Or 90:1 🤑
Sell for cash? Only in retirement(15+ yrs)
Haven't even cut interest rates yet. We're just getting started 🤤
Wow, Thanks for your support of my questionable silver and gold decisions Josh!
Gold has outperformed silver since the history of forever. Silver's annual return is somewhere around 5.5% on average whereas gold is 7.3%. Buy gold. There's a reason it's called the gold standard.
Fall of 2013 was the last time we had a GSR of 60 to 1. That seems like a pretty favorable ratio you are waiting on. The 10 year GSR average is 79.38. In the midst of a gold bull market, now (with a GSR around 80), may be a great opportunity to exchange silver for gold. If Central Banks keep buying and the US national debt keeps growing by a Trillion dollars every 100 days, gold will continue to push forward. Silver price may or may not follow as it is more complex and based on industrial demand coupled with investment demand.
I'm not convinced that 80 is the 'new normal' for the ratio, it can trend for decades in one direction then spend the next several decades trending the opposite direction. From 1920-1970 it made a round trip from 20 up to 100 then back down to 20 again. That's a long time to wait for a trade, but nevertheless the closer you are to the extremes the more useful the signals have proven to be.
keep silver holdings , buy a bit more , price increase in early stage. swap some gold for silver if able.
Every time you trade bullions, you're losing money because of the bid/ask spreads and the premium fees.
I would gladly give a coin shop 80 oz of silver for an ounce of gold but that will never happen. The coin shop has to make some money. They are not just going to trade you straight up. So you will always take a loss.
I am holding for the most part although I have a cousin in the auction business who is going to sell me below spot so I'm excited
no coin shop will do that with out asking premium I went to coin shop and asked they would give me give me 74 oz silver round to my 1oz gold eagle. buyany thing silver 925 anything coin silverware low premium
The bigger question is "Why are you stacking?" If you are stacking for when SHTF, you never sell.
I’m sure you understand that some people are in need of dollars and they sell for that reason. You do what’s in YOUR best interest not what someone thinks you should do.
At the 80 to 1, I sold 50 oz for a total of $1465.00. Applied it to an AGE
When you are buying silver & gold from the public how do you test to prove authenticity? What do you offer customers for silver and gold, generic/jewelry ..spot price or spot + a premium? I'm not selling but curious how LCS buy from customers.
Thanks Josh. Wish I lived closer so I could stop into your shop.
Maybe one day!
great timing
I’m holding thanks for your input
I may sell a little gold at the beginning of next month if gold is still high and get some Car repairs done.
I ordered some Mexican Silver a few days ago, a awaiting delivery.
😂🤷 Really Amazing... I can't believe people still buy gold and silver. I guess some people still buy records and cassette tapes even though the digital version is so much better kinda like Bitcoin
Great video Josh! I consider you to be my LCS.
I've been buying silver. As you mentioned if the ratio goes lower than the "80:1" its currently sitting at; perhaps "60:1" or something. I'd trade in gold.
Right now when it comes to gambles. I'm holding Call-Options for Walgreens, potential gains in the hundreds of thousands.
Every time you trade bullions, you're losing money because of the bid/ask spreads and the premium fees.
@ClydeTakahashi I've been looking into this more and agree. I would just keep what I have. What you said kills all possible profits.
Fall of 2013 was the last time we had a GSR of 60 to 1. That seems like a pretty favorable ratio people are waiting on. The 10 year GSR average is 79.38. In the midst of a gold bull market, now (with a GSR around 80), may be a great opportunity to exchange silver for gold.
Great video! What are you paying for a quarter ounce gold coin right now?
Strong hands hold, my friends we are at the launch pad!
Keep on stacking!!!
Buy, hold, buy, hold hold, buy buy, hold hold hold, buy buy buy, hold hold hold hold.........
Great content…the education is always appreciated, thank you! 😊
NOT the way to do it..... Should be the other way around...... More Silver for Gold means when the ratio goes to 50 you made 30 ounce of silver for each ounce of gold.
Great content Josh.
Great tutorial. Aloha from Hawaii.
Of course I will sell.
Sell now, when the price is low, um, no! I only sell on highs
Divest away from fiat. Gold and silver are both good options. MHO
I’m buying more not selling.Why you want to sell.Gold is your protection.Fiat currency are rubbish.In Australia people buying not selling
I agree! Every time you trade bullions, you're losing money because of the bid/ask spreads and the premium fees.
Not trading my silver for gold yet, but would it be a good idea to trade my 1/10 oz gold eagles for a 1 oz gold eagle. Would love to own a 1 oz but I do enjoy collecting the 1/10 and yes I know the premiums are high but I have already made up for those premiums with gold going up so much.
If I owned a coin shop, my advice would be to both buy and sell everyday and twice a day when possible.
Lol!
Losing proposition! Every time you trade bullions, you're losing money because of the bid/ask spreads and the premium fees.
@@ClydeTakahashi That's the joke! If he owned a coin shop, he'd be reaping those premiums!
That's good business! Doing business is doing sales, having many customers.
You gotta turnover your coins as fast as possible, doing buying and selling for profit.
I’m buying silver dimes. There getting harder to find in big bags.
💯 steady saving for life.
Thanks Josh!
Any time!
The Premiums are what screws up ratio trading. Who is going to swap your metals without making money? Probably off both ends... Right now I'm not buying or selling. No money to buy and I'm not selling until after the election, maybe way beyond the election..
Buying and holding silver
Is it an even trade when someone converts silver to gold meaning no premiums involved. . . Example joe 6 pack comes in with 80 ounces of silver for a coin shops 1 ounce of gold
It depends. If Joe 6 Pack is trading higher premium silver for lower premium gold, it may be an even trade based on the ratio. If the reverse is the case, it would require more silver for Joe to trade for the gold.
@minotcoinbullion OK, thanks for that. Makes sense!
No!
Time to sell?
What do you need?
Why cant you use your fiat currency to buy what you need?
Why did you aquire precious metals if you cant buy what you need?
Good stuff
I just got a really good deal on a libertad! 5/16/24
Hooooooold the pass 😂😂😂😂
if you own silver, just sit tight
Stocks, of course.
Crypto, yes but in the past. Crypto is speculative vaporware to me--no use for it.
WHY NOT MINOT... THANKS.
It's ABOUT TIME that one of the pros shares explicit thoughts on S/G Ratio and trading out.
Similar thoughts on waiting yet I don't hear more...
Thanks again
Just a bit of an opposing view, but i dont think the gsr is relavant anymore. Gold is now declared teir one asset and more and more silver is looked at as just a commodity metal now. I just think that the gold to silver ratio is going to keep widening.
Why not with Minot?
trade gold fer silvers 🎉 shhhhh
Only GOLD