I have a disease that causes me to spend every dollar I earn. I used to waste it all on random crap. Now I spend my excess cash after bills on gold, silver and numismatics. I know it's not the greatest investment but it has become an excellent savings vehicle and hobby at the same time. I would have to be very hard up to part with any of it.
Hi Ben, I had to evacuate from home because of a wildfire. I had a ton of silver, and it was a pain to load it up and haul it off. I decided to lighten my holdings and concentrate more on classic numismatic coins. I have enjoyed getting back to collecting and stacking much less weight and bulk. I have a few "pennies" that are worth more than $9OO. I can sell my classic coins to a dealer as easily as selling bullion. Wildfires suck! Firefighters are heroes. Coin dealers are geeks. *>>-->* 🦉🦉
I have a small amount of gold & silver in hand. I do this, NOT because I think it will protect me in a SHTF episode, but because I like it. I also have a coin/currency collection for the same reason. I buy GLD shares in my IRA when I think gold is low and sell them when I believe the price is high. This avoids premiums on both ends and protects any gains from tax until I need the money. Remember, you only pay tax on the money you withdraw from an IRA. Lastly, if you really believe that SHTF scenario is coming, I would recommend stacking food and ammo over gold or silver. Remember you can't eat gold or silver. There will be no one to buy it in a real crisis. Most people these days can't make a hamburger to order let alone understand the difference between a silver eagle and a 90% silver half dollar. (which most people have never seen). Great Video. 👍
I find it funny that you mention silver Eagles and Bust dollar buyers nit being the same customers. I own quite a few Eagles and a nice Bust dollar is one of the next coins on my purchase list. I might be unusual but I think both have their place in my life. Thanks for the ramblings, Ben!
I used to be a SHTF focused stacker and eventually came to my senses about it. I began to ask myself, why not buy undervalued numismatics and eventually swap up for a bigger stack of gold and silver. Then as I began to learn more about the market. I shifted to a perspective where I wanted to own some truly rare numi coins that have stood the test of time. Smaller, more efficient long term holding economically--and beautiful works of art to boot. I now approach it with a multi-polar approach. Buy what I love, try to focus on true rarities with real provenance, keep precious metals in mind all with the effort maximize my spending power. If the SHTF, we are all screwed--coin collecting is a hobby. Nevertheless, I focus on silver and gold--because that MS65 morgan might not be worth anything extra to most, but it's still an old 90% silver coin so if I had to part with these types of coins, I have at least two markets I can sell them in.
Exactly! Buy what others are overlooking. I'm buying colonial Spanish coins used in early Americas that are just circulated. American coins ar expensive and condition is poor.
I am a numismatic stacker. I collect gold and silver coins with numismatic and precious metal values, with some exceptions for historical importance. Prime example is a 536AD (worst year in human history!) bronze, fugio cent, war of 1812 large cents, etc. I focus on having a store of wealth that interests me, instead of a savings account I can dip into without thinking. Selling a 1oz silver libertad or a roll of walking liberties isn't something I want to do but can if needed. Im realistic with my expectations of resale and reasons for stacking.
I enjoy putting silver (90% & Eagles) and gold (Buffs & Eagles) back but it’s nothing compared to my love for numismatics. Pre-33 gold bridges the gap between stacking gold and collecting gold. There are a plethora of things more important than gold and silver in a SHTF situation.
Gold and silver have a multi thousand year track record, so there's that. Also ask people in problem countries if they would like to have that country's currency or gold/ silver.
One person starts this MEMBERS ONLY gig and everyone jumps on the money grab trend. Really Ben. Money. Money. Give me money. Every day we have more MEMBERS ONLY. Your channel is great Ben. Been watching for years. My go to place for accurate coin information. Do not ruin a good coin channel Ben.
I think many people feel it makes them a part of a club. I'm fine just being and individual, but if I ever found a coin channel that I felt gave me enough entertainment value or information that I found way above average useful, I might even join the club.
What all the "you can't eat gold" people consistently fail to understand is that it's not about eating gold. It's about ease of exchange when society starts to rebuild. If my neighbor has chickens and a cow, and doesn't want more chickens, and all I have is chickens, I cannot get the cow I want from him because I have nothing he wants. Instead of trying to find what he wants, I can give him something that he can then trade to someone else for what he wants. No matter how bad it gets, society always rebuilds, because that is human nature. And when it does, having an item that everyone can agree on purity and weight will be a useful vehicle for trade, without having to fight over how much gold is actually in it. That's all it will be. Society will have to wait before its beauty and utility can be appreciated once more. That's all currency is: to facilitate trade. That's all it has ever been.
I saw your interview with that fear mongerer Silver Dragons,you were pretty rough on our paper currency.Remember its what pays our bills,puts gas in your car, and food on your table
“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn't, pays it," - Albert Einstein. 1. Moral compass 2. Educated brain/strong work ethic 3. Cash for emergencies and opportunities 4. Traditional IRA/401k 5. ROTH 6. Brokerage 7. ‘Good’ and well managed Rental(s) 8. A handgun, shotgun, and a rifle. 9. 5% of net worth in precious metals. 10. Collectibles (for fun). As much as your wife will allow;)
Well, how much silver could you buy instead of playing a round of golf, attending a sporting event or concert, having a night on the town with your buddies etc.? Coin collecting is a hobby. We collect because we love to do so. We really don't need any other reasons!
My method to my madness: Key date (not semi-key) slabbed original classic U.S. coins in VG - AU "the good ones" everything else is a draged anchor come sell time. As for silver i stack only ASE's and generic 10 oz bars and have will flip in seconds when sell price right. Silvers a good hustle once you understand the racket i.m.o. buy low sell high.
You know Ben I think your missing your 2nd calling of being a speaker in some capacity. You have the voice & the way of explaining & saying things. Then add in some of that Ben humor & it's the perfect storm.
As an inheritance to my kids, gold and silver is significantly easier to deal with and valuate. As with my numismatics and pokemon cards it is significantly more difficult to sell for someone that is not knowledgable. I mostly buy numismatics for my own enjoyment.
Your kids also need to be knowledable when selling your gold and silver bullion. They need to compare prices with various LCS' and know to stay clear of pawnshops! Stay safe and live long, my friend! 🙂
I have come to realized in order have gold and silver it’s going to cost you premiums period and you will lose those premiums associated with PMs unless you bought gold long time ago that is the only PM that has went up over time and steadily increased but Collector coins can also be sold just like bullion there is zero difference to get rid of either
Thanks brother "For God is not unrighteous to forget your work and labour of love, which ye have shewed toward his name, in that ye have ministered to the saints, and do minister." Hebrews 6:10 KJV
I prefer numismatics... and Ben, do you know anyone that collects the 1968 - 1974 S Cents as a little set? I'd love to get this little set all in MS66s
1. $2000 an ounce and the Tucson market for gold slows way down. Wow. The fact is, Tucson is a poor town and has been since before I moved here in 1981 and opened a business. Would not have done that had I known just how poor it wants to stay. I bought 1 more Gold Eagle for $2770 about 6 weeks ago. The price isn't relevant LONG term for myself. 2. Guessing what anything on earth will be selling for a year in advance is nothing more than a guess. To put a number to it is meaningless. There are 'good' stock analysts saying Tesla will drop 20% this year and now's the time to sell. Others have a strong buy and others a strong hold for Tesla. Ditto for the S&P index funds. 3. I believe silver stackers have bought into a false narrative in every way possible, incuding SHTF. Many also say to stock up on bullets! And guns, and silver! 4. Precious metals AND numismatics are like apples and oranges today, and there is no basis for comparison. It just happens that coin shops sell both and that confuses a lot of stackers because they are obsessed with the stacking phenomenon>> (an event that occurs but has no clear explanation why). 5. Trading coins for food? Just not going to happen. People will not be broke if SHTF. It will never unfold like that, fearful people will buy into just about anything that could possibly happen, which is totally unreasonable and not thought through. 6. Good video Ben.
Just purchased 4 2021 pcgs MS70 black core silver eagles Emily S Damstra signed first production slabs for $63.20 each delivered. I'm just curious as to what your opinion is on modern slabs like this.
I don't understand the appeal of bullion: gold, silver, or other rare metals. Only when they are conjoined with the character imparted to them by coins -- a CC double eagle, an Indian half eagle or eagle -- now you're talking about something that has depth, character, national and cultural history attached to it. Stackers are people I don't understand. I don't get it.
@@stevee8318 Not in the manner that they are maniacal about it....I have no issue with so called devalued currency as long as I earn more than inflation via investing elsewhere. We all have a different POV.
@RichardRoche-c2w Today is Sunday January 19, 2025 not Thursday January 16th, 2025. Before you correct me with false information maybe you should know what you are talking about first.
Yes of course they can. It's fiat debt, from fiat currency made up of nothing. all they need to to issue bonds against the 'debt' and then cancel the ability of bondholders to collect.
People like to think they will be able to buy food and supplies w silver if SHTF like there will be a store and a bakery ..im thinking I wouldn't trade u my chicken for a wheelbarrow full of silver,but I may trade u an egg for a bullet or some fish hooks
According to Investopedia, the US National Debt by year. The last year by year reduction was 1957 recession when the US debt fell from 273 Billion in 1956 to 271 Billion in 1957. What would it take today, to lower the US National Debt?
I'm a precious metal stacker. I treat it like a savings account in addition to my actual savings account. Something I can forget about and only access in emergency. That said, so many stackers are lunatics. Crazy beliefs, radicalized, and think tin foil hat types. I prefer to say I'm a coin collector, because I am as well. Generally I don't want to be associated with that group because of the image.
If anyone is telling you X IS GOING TO BE WORTH SOOOO MUCH IN THE FUTURE, and then they're also selling it, walk away I enjoy gold/silver as a hedge and just to look at, but the notion that they're going to be useful if the world ends is categorically insane. First of all the world isnt going to end, get off the tinfoil hat grampa Second gold and silver arent useful metals in survival situations. they have more value in the moden technology economy than they would in a severe crash scenario.
I believe silver is where you PARK money, Hoping to keep pace with inflation, because you know Federal Reserve is meant to lose 2-3 percent anually Gold might be better to try and profit from (Over the long term of course )
i bought silver pre-covid at the 12-15 range and sold it all post-covid at the 30+ range to buy slabbed numismatics. when silver goes back to pre-covid values if at all, i will sell my numis and buy silver again.
Nobody wants to buy the gold at your store??? You very rarely have any gold, and if you do its generally those small 5 gram ingots... I've never seen gold buffalos or any other one oz gold coins in your store...
I have a disease that causes me to spend every dollar I earn. I used to waste it all on random crap. Now I spend my excess cash after bills on gold, silver and numismatics. I know it's not the greatest investment but it has become an excellent savings vehicle and hobby at the same time. I would have to be very hard up to part with any of it.
Hi Ben, I had to evacuate from home because of a wildfire. I had a ton of silver, and it was a pain to load it up and haul it off. I decided to lighten my holdings and concentrate more on classic numismatic coins. I have enjoyed getting back to collecting and stacking much less weight and bulk. I have a few "pennies" that are worth more than $9OO. I can sell my classic coins to a dealer as easily as selling bullion. Wildfires suck! Firefighters are heroes. Coin dealers are geeks. *>>-->* 🦉🦉
I’m sorry you had to go thru that experience, but thank you for sharing the lesson.
Stay Safe Friend! Cheers JJ
I have a small amount of gold & silver in hand. I do this, NOT because I think it will protect me in a SHTF episode, but because I like it. I also have a coin/currency collection for the same reason. I buy GLD shares in my IRA when I think gold is low and sell them when I believe the price is high. This avoids premiums on both ends and protects any gains from tax until I need the money. Remember, you only pay tax on the money you withdraw from an IRA. Lastly, if you really believe that SHTF scenario is coming, I would recommend stacking food and ammo over gold or silver. Remember you can't eat gold or silver. There will be no one to buy it in a real crisis. Most people these days can't make a hamburger to order let alone understand the difference between a silver eagle and a 90% silver half dollar. (which most people have never seen). Great Video. 👍
Good video. Thoughts clearly and rationally articulated.
I find it funny that you mention silver Eagles and Bust dollar buyers nit being the same customers. I own quite a few Eagles and a nice Bust dollar is one of the next coins on my purchase list. I might be unusual but I think both have their place in my life. Thanks for the ramblings, Ben!
I used to be a SHTF focused stacker and eventually came to my senses about it. I began to ask myself, why not buy undervalued numismatics and eventually swap up for a bigger stack of gold and silver. Then as I began to learn more about the market. I shifted to a perspective where I wanted to own some truly rare numi coins that have stood the test of time. Smaller, more efficient long term holding economically--and beautiful works of art to boot. I now approach it with a multi-polar approach. Buy what I love, try to focus on true rarities with real provenance, keep precious metals in mind all with the effort maximize my spending power. If the SHTF, we are all screwed--coin collecting is a hobby. Nevertheless, I focus on silver and gold--because that MS65 morgan might not be worth anything extra to most, but it's still an old 90% silver coin so if I had to part with these types of coins, I have at least two markets I can sell them in.
Exactly! Buy what others are overlooking. I'm buying colonial Spanish coins used in early Americas that are just circulated. American coins ar expensive and condition is poor.
I am a numismatic stacker. I collect gold and silver coins with numismatic and precious metal values, with some exceptions for historical importance. Prime example is a 536AD (worst year in human history!) bronze, fugio cent, war of 1812 large cents, etc. I focus on having a store of wealth that interests me, instead of a savings account I can dip into without thinking. Selling a 1oz silver libertad or a roll of walking liberties isn't something I want to do but can if needed. Im realistic with my expectations of resale and reasons for stacking.
I enjoy putting silver (90% & Eagles) and gold (Buffs & Eagles) back but it’s nothing compared to my love for numismatics. Pre-33 gold bridges the gap between stacking gold and collecting gold. There are a plethora of things more important than gold and silver in a SHTF situation.
I have a zombie apocalypse plan. Thank you for not making fun of me.
One of the best values in gold right now is modern commemorative $5 pieces. Premiums are often better than 1/4 ounce eagles
Gold and silver have a multi thousand year track record, so there's that. Also ask people in problem countries if they would like to have that country's currency or gold/ silver.
0:48 when Ben’s phone rests on Abe’s noggin and you can seethe reflection 🎉
One person starts this MEMBERS ONLY gig and everyone jumps on the money grab trend. Really Ben. Money. Money. Give me money. Every day we have more MEMBERS ONLY. Your channel is great Ben. Been watching for years. My go to place for accurate coin information. Do not ruin a good coin channel Ben.
I think many people feel it makes them a part of a club. I'm fine just being and individual, but if I ever found a coin channel that I felt gave me enough entertainment value or information that I found way above average useful, I might even join the club.
What all the "you can't eat gold" people consistently fail to understand is that it's not about eating gold. It's about ease of exchange when society starts to rebuild. If my neighbor has chickens and a cow, and doesn't want more chickens, and all I have is chickens, I cannot get the cow I want from him because I have nothing he wants. Instead of trying to find what he wants, I can give him something that he can then trade to someone else for what he wants.
No matter how bad it gets, society always rebuilds, because that is human nature. And when it does, having an item that everyone can agree on purity and weight will be a useful vehicle for trade, without having to fight over how much gold is actually in it. That's all it will be. Society will have to wait before its beauty and utility can be appreciated once more.
That's all currency is: to facilitate trade. That's all it has ever been.
I saw your interview with that fear mongerer Silver Dragons,you were pretty rough on our paper currency.Remember its what pays our bills,puts gas in your car, and food on your table
@@667hodge That was a good interview.
Haha right *Silver goes down 45 cents*.. -Silver Dragons: "SILVER STACKERS IN TROUBLE, WILL IT BE THE END OF SILVER STACKING?"
@flippensweet3 I hear ya bro,click bait videos
Currency is just a medium of exchange, it doesn't pay any bills itself. It's basically a measure of the value of your labor.
@@stevee8318 It's used to pay bills and fund investments and lots of other things. But I don't think we will agree on this.
Good job Ben!
Ben looking bad to the bone with the biker stache
That's Ben's way to keep crazy people at a distance 🙂
New sub. Levelheaded view on PMs and Rare coins.
You need to take that last closing statement and make it a short.
Hey Ben
“Compound interest is the eighth wonder of the world. He who understands it, earns it. He who doesn't, pays it," - Albert Einstein.
1. Moral compass
2. Educated brain/strong work ethic
3. Cash for emergencies and opportunities
4. Traditional IRA/401k
5. ROTH
6. Brokerage
7. ‘Good’ and well managed Rental(s)
8. A handgun, shotgun, and a rifle.
9. 5% of net worth in precious metals.
10. Collectibles (for fun). As much as your wife will allow;)
#8 - Thank you 🙏
@@joepapp01 I have all three items in #8, haven't used them in almost 20 years. Would like to sell them, but that's complicated in Tucson, Arizona.
Well, how much silver could you buy instead of playing a round of golf, attending a sporting event or concert, having a night on the town with your buddies etc.? Coin collecting is a hobby. We collect because we love to do so. We really don't need any other reasons!
I was craving some numismatic content 😋
Love the content
Always good advice!!!!
Just read about Weimar Germany..that’s all you need to know.
Another time, a completely different scenario. The Weimar Story is dodgy PM promoters' bedtime story for new stackers 😞
@@Jan-m5c2r Absolutely RIGHT.
My method to my madness: Key date (not semi-key) slabbed original classic U.S. coins in VG - AU "the good ones" everything else is a draged anchor come sell time. As for silver i stack only ASE's and generic 10 oz bars and have will flip in seconds when sell price right. Silvers a good hustle once you understand the racket i.m.o. buy low sell high.
Ben once agian you are doing something rite cause you have haters. thats the proof that u r on to somthing here man
You know Ben I think your missing your 2nd calling of being a speaker in some capacity. You have the voice & the way of explaining & saying things. Then add in some of that Ben humor & it's the perfect storm.
As an inheritance to my kids, gold and silver is significantly easier to deal with and valuate. As with my numismatics and pokemon cards it is significantly more difficult to sell for someone that is not knowledgable. I mostly buy numismatics for my own enjoyment.
Your kids also need to be knowledable when selling your gold and silver bullion. They need to compare prices with various LCS' and know to stay clear of pawnshops! Stay safe and live long, my friend! 🙂
I have come to realized in order have gold and silver it’s going to cost you premiums period and you will lose those premiums associated with PMs unless you bought gold long time ago that is the only PM that has went up over time and steadily increased but Collector coins can also be sold just like bullion there is zero difference to get rid of either
It's never been sold at spot ever...I've bought them forever, I'm old as dirt. If the premium bothers you, look at other things instead. No, really.
Agreed, stay away from Lyn Zinger!!! Any channel that has her on or has flames in the thumbnail… it’s a hard no go for me!!! 🤦♂️
Thanks brother
"For God is not unrighteous to forget your work and labour of love, which ye have shewed toward his name, in that ye have ministered to the saints, and do minister." Hebrews 6:10 KJV
Velvet Elvis was a massive store of value in the 1960s.....
Times change and things fall out of favor.
Invest with forethought and caution.
Does Ben align with the Gnome of Zurich's forecast of silver?
Wow Ben . . I may have the first comment. Always appreciate your work for collectors . . .
I prefer numismatics... and Ben, do you know anyone that collects the 1968 - 1974 S Cents as a little set? I'd love to get this little set all in MS66s
1. $2000 an ounce and the Tucson market for gold slows way down. Wow. The fact is, Tucson is a poor town and has been since before I moved here in 1981 and opened a business. Would not have done that had I known just how poor it wants to stay. I bought 1 more Gold Eagle for $2770 about 6 weeks ago. The price isn't relevant LONG term for myself.
2. Guessing what anything on earth will be selling for a year in advance is nothing more than a guess. To put a number to it is meaningless. There are 'good' stock analysts saying Tesla will drop 20% this year and now's the time to sell. Others have a strong buy and others a strong hold for Tesla. Ditto for the S&P index funds.
3. I believe silver stackers have bought into a false narrative in every way possible, incuding SHTF. Many also say to stock up on bullets! And guns, and silver!
4. Precious metals AND numismatics are like apples and oranges today, and there is no basis for comparison. It just happens that coin shops sell both and that confuses a lot of stackers because they are obsessed with the stacking phenomenon>> (an event that occurs but has no clear explanation why).
5. Trading coins for food? Just not going to happen. People will not be broke if SHTF. It will never unfold like that, fearful people will buy into just about anything that could possibly happen, which is totally unreasonable and not thought through. 6. Good video Ben.
Just purchased 4 2021 pcgs MS70 black core silver eagles Emily S Damstra signed first production slabs for $63.20 each delivered. I'm just curious as to what your opinion is on modern slabs like this.
I don't understand the appeal of bullion: gold, silver, or other rare metals. Only when they are conjoined with the character imparted to them by coins -- a CC double eagle, an Indian half eagle or eagle -- now you're talking about something that has depth, character, national and cultural history attached to it. Stackers are people I don't understand. I don't get it.
You don't understand why someone would trade currency that is constantly devalued by inflation for something that keeps up with inflation?
@@stevee8318 Not in the manner that they are maniacal about it....I have no issue with so called devalued currency as long as I earn more than inflation via investing elsewhere. We all have a different POV.
Old interview with the stash.
@RichardRoche-c2w No he didn't have one 12 hours ago at the show, unless he used miracle grow.
@RichardRoche-c2w Today is Sunday January 19, 2025 not Thursday January 16th, 2025. Before you correct me with false information maybe you should know what you are talking about first.
@@timf2279, I saw him Thursday at the coin shop. I saw him Friday at the show. I do a lot of business with him.
@@timf2279, just saw his Friday interview and, you are right, I was wrong. Sorry.
LOL, I'll try to stay away from crazy people, but how do you stop crazy people from coming to you?
Buy world bullion to collect & eventually it becomes a stack. Collect what you like.
Ben, is this a comedy channel today? Did you say that the government can eliminate the debt? Enjoyed your rant. Thanks
Yes of course they can. It's fiat debt, from fiat currency made up of nothing. all they need to to issue bonds against the 'debt' and then cancel the ability of bondholders to collect.
Ben you're a better grader than CAC you should start your own grading company
A 1/4 each into numismatics, metals, stocks and ammo. You should settle out alright either which way 🤷♂️
What you going to do with the ammo?
Haha Stay away from crazy people 😂 Definitely!
People like to think they will be able to buy food and supplies w silver if SHTF like there will be a store and a bakery ..im thinking I wouldn't trade u my chicken for a wheelbarrow full of silver,but I may trade u an egg for a bullet or some fish hooks
Thumbs-up just on the title lol
According to Investopedia, the US National Debt by year. The last year by year reduction was 1957 recession when the US debt fell from 273 Billion in 1956 to 271 Billion in 1957.
What would it take today, to lower the US National Debt?
Dollar cost averaging over a lifetime
I'm a precious metal stacker. I treat it like a savings account in addition to my actual savings account. Something I can forget about and only access in emergency.
That said, so many stackers are lunatics. Crazy beliefs, radicalized, and think tin foil hat types. I prefer to say I'm a coin collector, because I am as well. Generally I don't want to be associated with that group because of the image.
I own a 900. 1/2 penny…
If anyone is telling you X IS GOING TO BE WORTH SOOOO MUCH IN THE FUTURE, and then they're also selling it, walk away
I enjoy gold/silver as a hedge and just to look at, but the notion that they're going to be useful if the world ends is categorically insane.
First of all the world isnt going to end, get off the tinfoil hat grampa
Second gold and silver arent useful metals in survival situations. they have more value in the moden technology economy than they would in a severe crash scenario.
I believe silver is where you PARK money, Hoping to keep pace with inflation, because you know Federal Reserve is meant to lose 2-3 percent anually
Gold might be better to try and profit from (Over the long term of course )
Why is gold not an investment? It definitely is, why say this?
*TENTH*
TOP 1O, BABY! 🎉🎊🪅🎈🎖🎗
👎
i bought silver pre-covid at the 12-15 range and sold it all post-covid at the 30+ range to buy slabbed numismatics. when silver goes back to pre-covid values if at all, i will sell my numis and buy silver again.
Nobody wants to buy the gold at your store??? You very rarely have any gold, and if you do its generally those small 5 gram ingots... I've never seen gold buffalos or any other one oz gold coins in your store...