@kolkron I'm a fool to buy gold or silver, yet you have two videos in your favorites list talking about buying gold and silver? Also...if getting an 80% return on an investment in one year (2010) is foolish according to you, then I suppose you are correct. If you're going to troll, at least do so with a logical argument.
hahah who are you? Ask yourself. all ur commentators!! did u ancestors made 3900% capital gain from 1970-1980? No?? Thats probably because you and your family is stupid small guys from the street. Stupid small people dont make money, the loose money and work hard and lick asses. Dont comment on investor videos. get out of here to your mediocre friends. fucking looser. Or start to read at least 10 books on investing.
Great idea man, seriously. Thanks for making these videos and speaking knowledge about the financial crisis and whatnot. Keep on investing the PROPER way & not investing in the BS Stock market. Peace
I've been buying silver only since the end of November 2008. The prices have been dropping, but I feel this is a normal part of the process and that the prices will recover. What I'd like to do is to be sure I know how to sell it at a profit. I suspect the coin shops wont buy the silver back with the same markup over spot that I bought it at, so what can I expect? Also, have you actually sold any? If so, how did that go?
in late 90's and thru 00's the historical price have been 10-11 usd, im buying some coins now, mostly morgans and peace, because this coins kind a carry their own even if the price goes somewhat up and down (simply they are more stable), however buying silver is not about buying small coins (coins have premium) its about bars, and 10 oz is a small bar. so if to buy bars buy anywhere from 5 to 10 usd per oz and u really cant go wrong. buy at 20 and sad.
who do u sell the bars to instead of a shop thats trying to make money instantly, or without ebay that take a cut etc? also..... where is the best place and price for me to buy a 10 oz bar. thanks for anyone who can help.
usually places that sell silver buy it back at about 30-40 cents under spot price so they get some sort of profit. and (as you know) they sell 30-40 cents above spot price..so they're making money both ways. If you find a friend looking to buy while you're looking to sell or vice versa it would be better for both of you to buy/sell at spot price, the buyer would be saving money and the seller would be making money
as long as you know for sure the silver content it should be fine, although trying to resell might be a problem(proving silver content, etc). But if not then feel free to buy scrap silver at cheaper prices.
I have a question. I hear a lot about buying near "spot" value. If you buy silver at a store where they charge tax and with a markup, isn't it kinda hard to really make a profit unless the value doubles or something like that. Small value increase wouldn't mean too much selling it back because of the mark up and tax you lost buying it. Am I right?
Kind of.When you buy it from a dealer above spot price you pay about 40 cents over plus the 8% tax on whatever you buy. Hypothetically if you bought an ounce at 10$ + 4 +8 cents, it would need to go up about a dollar before you see any profit. But imagine the profit on 10 coins or 20 coins. thats a..lets say 40 cent profit x 20..so it gets more and more worthwhile the longer you invest. Not to mention silver has gone up over 1.50 in the past week :)
One thing I found out is that here in California if you buy silver (and I think gold too) at a purchase of 1000 dollars or more, there is no sales tax. Chaching!!
I've seen 1000 dollar bags of silver coins for sale. Pretty cool investment I think.
yeah they have a 60 ounce minimum. i opened a high interest saving account where i keep my life savings. the interest generated is about enough to buy my 60 ounces, at least thats what i did this year.
I wonder why he charged tax. My local coin shop didn't charge me tax, neither did Bullion Direct. For 1k in silver I ended up paying a little less than $30 for S&H. Local coin dealers are much better priced than online though imo, just sucks if you live in a rural area cause you don't have much of a selection. Or worse there is no one to buy from.
thanx, I agree with you about keeping it and I read what you said to eaallday but I just wanted to ask eaallday what he was talking about. thanx alot though. what do you like gold or silver coins? and when things fall apart will there be any coin dealers to barter with? what would we do with coins when the system falls?
a Return to REAL HONEST MONEY is the ONLYTHING that can save this nation and restore our economy...this is EXACTLY what EVERY American SHOULD be doing
I feel sorry for the unedcated chumps who try to save their money in paper form when the value of those green federal reserve notes are falling everyday!
Everyday there is less and less Silver and more and more paper..so KEEP that Silver Bro!
Thanks for the support, I agree more people should be educated, luckily my dad was there to teach me about silver, and hopefully my videos can teach other people.
Good thinking ahead!!You might consider investing in a good filtering machine in case the ground water have any unfoseen contaminates.Someday you may either be rich or very well respected in your community!
Good point, but sometimes people need money, and buying silver/gold is the better alternative to just sitting it in the bank while it loses value, also people who are getting into investing can practice with silver/gold,either long term or short term. its a sure investment
P>S>to screenitherefirst.Most chains can be counterfeited and only have a minuscule amount of silver or gold,and you wont know until your neck turns green or the coin shop laughs at you when you try to trade it for cash!!be careful!!Buy coins in any condition before 1954 for a good price because they were pure and garaunteed by our government,for whatever thats worth!!
Agreed also but they only contain 90 percent silver.Thank Nixon for taking us off the gold and silver standard and phasing silver out of our currency!!
No!!Coin shops are the only "shops"that are legally binded to go by market price.Most will have a moniter on that tells them what the stock market is dictating.The only price diferrence would be the collectivity of the coin or boulion that you hold!!
technically you can, but it would be hard to prove the purity of it when you try to sell it somewhere else. I would just go with the bullion unless a pawn shop was the only option you had. And even then I dont think melting it down would be necessary, because the chain or whatever would have the number of karats engraved somewhere.
True it should be stamped somewhere,but most times its on the clasp whereas the chain itself is subpar.I've known disreputable individuals that engaged in this indirect form of theft.P.S.If at all possible buy canadian gold,they smelt it more efficiently so there is significantly less impurities in the gold than american gold.
Hey, Nice Vid's I'm from Australia been Buyin silver for the last few months just wish i started a few years ago!, all my friends are starting to get into it too,
I can't speak from experience, but if you can find a company (by doing your research) that has large reserves, and a good location, I think it would be a very good idea. If you have any specific questions let me know, I can ask my dad, he is into buying mining stocks and he would know more than I would.
Thank you, I'm glad I'm getting the message out. I wish more people would be aware of buying gold and silver. If anyone has any questions or comments, feel free to send me a message or post here
I live in CA and I'm aware of the exemption, but unfortunately I dont have a steady income (other than a small monthly allowance) so I can't qualify for it.
Keep accumulating Elias and hang onto it. It's going to be quite awhile before we have money backed by any hard assets, so that means your silver will be a hedge against inflation. Great video! Interested in seeing any new videos you may have!
Thank you, any new videos I have will be on my other account "PhewInvesting". I'll be making more videos after May, until then I have to focus on my schoolwork.
ok eaallday let me just say i'm fascinated by this. How many $'s in silver bullion would you approx at least need to make a worthwhile profit over a premium of 7% at a shop? Thanks so much for sharing. What I mean is does the premium tend to eat you up?
well like blabblab1212 said, there is no tax on purchases over 1000$(although I wasn't aware that it was only in CA) but I would still go with shops first. Ebay is good too, but I would only go with that option if my local shops were out of silver (there is a global silver shortage currently.) The shop is much quicker, and you pay less compared to the insurance and shipping you pay through ebay. Of course there will always be deals around, so ebay isn't necessarily down for the count!
@kolkron I'm a fool to buy gold or silver, yet you have two videos in your favorites list talking about buying gold and silver? Also...if getting an 80% return on an investment in one year (2010) is foolish according to you, then I suppose you are correct. If you're going to troll, at least do so with a logical argument.
eaallday 1 year ago
@kolkron Actually, I hope you didn't get out two years ago. Hopefully you've made some profit since then.
eaallday 1 year ago
hahah who are you? Ask yourself. all ur commentators!! did u ancestors made 3900% capital gain from 1970-1980? No?? Thats probably because you and your family is stupid small guys from the street. Stupid small people dont make money, the loose money and work hard and lick asses. Dont comment on investor videos. get out of here to your mediocre friends. fucking looser. Or start to read at least 10 books on investing.
Mongodelight 3 years ago
Great idea man, seriously. Thanks for making these videos and speaking knowledge about the financial crisis and whatnot. Keep on investing the PROPER way & not investing in the BS Stock market. Peace
AlfieJager 3 years ago
Makeing money like you do? n****r get real, u is loosing money, u aint even got your hair on.. buying at peak thaz sad, real sad.
skapelseN 3 years ago
@skapelseN Actually I haven't lost money on my cumulative silver purchases. I hope you've been investing as well.
eaallday 1 year ago
there's nothing to know. You buy it, you sit on it, then you sell it when the shit goes crazy high.
kensho3 3 years ago
I've been buying silver only since the end of November 2008. The prices have been dropping, but I feel this is a normal part of the process and that the prices will recover. What I'd like to do is to be sure I know how to sell it at a profit. I suspect the coin shops wont buy the silver back with the same markup over spot that I bought it at, so what can I expect? Also, have you actually sold any? If so, how did that go?
SmallWorldFilms 3 years ago
the historical price of silver is 5-6 usd.
in late 90's and thru 00's the historical price have been 10-11 usd, im buying some coins now, mostly morgans and peace, because this coins kind a carry their own even if the price goes somewhat up and down (simply they are more stable), however buying silver is not about buying small coins (coins have premium) its about bars, and 10 oz is a small bar. so if to buy bars buy anywhere from 5 to 10 usd per oz and u really cant go wrong. buy at 20 and sad.
skapelseN 3 years ago
who do u sell the bars to instead of a shop thats trying to make money instantly, or without ebay that take a cut etc? also..... where is the best place and price for me to buy a 10 oz bar. thanks for anyone who can help.
tommyenglish1 3 years ago
I have a question: Silver is currently $18.11/oz. If I go into The Silver Baron can I purchase silver at this price?
daddymocean 3 years ago
usually places that sell silver buy it back at about 30-40 cents under spot price so they get some sort of profit. and (as you know) they sell 30-40 cents above spot price..so they're making money both ways. If you find a friend looking to buy while you're looking to sell or vice versa it would be better for both of you to buy/sell at spot price, the buyer would be saving money and the seller would be making money
eaallday 3 years ago
I have seen jewelers selling some silver bellow spot price... after calculating the relative weight of actual silver in the piece.
Are trinkets and such a good investment?
divinacomedias 3 years ago
as long as you know for sure the silver content it should be fine, although trying to resell might be a problem(proving silver content, etc). But if not then feel free to buy scrap silver at cheaper prices.
bigdad06 3 years ago
I hope you've still been buying through this time.
dabruin2 3 years ago
Ha unfortunately I havent been buying too much but I might come out with a video soon. I plan on buying some in the near future.
eaallday 3 years ago
I have a question. I hear a lot about buying near "spot" value. If you buy silver at a store where they charge tax and with a markup, isn't it kinda hard to really make a profit unless the value doubles or something like that. Small value increase wouldn't mean too much selling it back because of the mark up and tax you lost buying it. Am I right?
sonnybrown 3 years ago
Kind of.When you buy it from a dealer above spot price you pay about 40 cents over plus the 8% tax on whatever you buy. Hypothetically if you bought an ounce at 10$ + 4 +8 cents, it would need to go up about a dollar before you see any profit. But imagine the profit on 10 coins or 20 coins. thats a..lets say 40 cent profit x 20..so it gets more and more worthwhile the longer you invest. Not to mention silver has gone up over 1.50 in the past week :)
eaallday 3 years ago
One thing I found out is that here in California if you buy silver (and I think gold too) at a purchase of 1000 dollars or more, there is no sales tax. Chaching!!
I've seen 1000 dollar bags of silver coins for sale. Pretty cool investment I think.
sonnybrown 3 years ago
Correct. Tax free. But I wasn't sure if any other states got the same or a similar deal.
eaallday 3 years ago
yeah they have a 60 ounce minimum. i opened a high interest saving account where i keep my life savings. the interest generated is about enough to buy my 60 ounces, at least thats what i did this year.
FarangBalls 3 years ago
i've used NWTmint and they have free shipping.
FarangBalls 3 years ago
This has been flagged as spam show
yo its going down
iggi2008 3 years ago
Yea for now its being artificially suppressed but It can shoot up anytime now (as shown by certain daily spikes)
eaallday 3 years ago
don't sell it bro.
joshrain1 3 years ago
I wonder why he charged tax. My local coin shop didn't charge me tax, neither did Bullion Direct. For 1k in silver I ended up paying a little less than $30 for S&H. Local coin dealers are much better priced than online though imo, just sucks if you live in a rural area cause you don't have much of a selection. Or worse there is no one to buy from.
randont 3 years ago
Yo eaallday, i live in philly how do you make money by selling the silver back?
ASR720 3 years ago
You dont....IMHO.
Your Silver = Money
When you trade it back for those green paper FED notes you are turning your REAL MONEY (silver) into CURRENCY.
Currency is ONLY a media of exchange and NOT REAL MONEY (like Silver).
The difference here is that Silver holds its value in the world (or increases in value) over time.
Currency does NOT hold it value it becomes worth less and less
Use your silver as your own personal bank and only trade it back into currency when you need need it
Ooloosoon 3 years ago
thanx, I agree with you about keeping it and I read what you said to eaallday but I just wanted to ask eaallday what he was talking about. thanx alot though. what do you like gold or silver coins? and when things fall apart will there be any coin dealers to barter with? what would we do with coins when the system falls?
ASR720 3 years ago
SILVER is a MUCH BETTER BUY NOW THAN GOLD IMHO
Throughout History the value of Gold/Silver was based on the amount of each metal in the earths crust
The Earths crust holds about 10.5 ounces of Silver for every 1 ounce of Gold
Thats why for the last 6,000 years Silver was valued at this level 11 ounces of Silver = 1 ounce of Gold
Today You can buy..52 ounces of Silver..for the price of 1 ounce of Gold.
Silver has to get to $90 bucks just to get back to a normal ratio with Gold
Ooloosoon 3 years ago
Another way of thinking about this is...
Think of an ounce of Gold as a $1000 bill and an ounce of Silver as a $100 bill.
.....But thanks to Silver being very under valued at this point in time you can actually Buy that $100 bill (one ounce of Silver)...for $20 bucks!!!
So you can buy a $1000 bill for $1000 OR pick up a $100 bill for $20 bucks!
Of course Gold is also very under valued at this time and should be much higher...but that only means Silver is EVEN MORE UNDER VALUED!
Ooloosoon 3 years ago
dude is the "System falls" the last thing you need to worry about is Silver.
Silver has been MONEY for well over 6,000 YEARS!
Silver has been used as money for LONGER and to more of the world than ANYTHING ELSE...EVEN GOLD.
If the "system falls"....then paper "money" aint worth cat splat
...and about the ONLY money people will be able to use will be Silver/Gold (or Barter items).
Ooloosoon 3 years ago
Keep buying Bro..and keep your stash at all cost!
a Return to REAL HONEST MONEY is the ONLYTHING that can save this nation and restore our economy...this is EXACTLY what EVERY American SHOULD be doing
I feel sorry for the unedcated chumps who try to save their money in paper form when the value of those green federal reserve notes are falling everyday!
Everyday there is less and less Silver and more and more paper..so KEEP that Silver Bro!
Ooloosoon 3 years ago
Thanks for the support, I agree more people should be educated, luckily my dad was there to teach me about silver, and hopefully my videos can teach other people.
eaallday 3 years ago
Good thinking ahead!!You might consider investing in a good filtering machine in case the ground water have any unfoseen contaminates.Someday you may either be rich or very well respected in your community!
biggt2012 3 years ago
use a quarter and a dime from 1964 or before
eaallday 3 years ago
Oh I see, good to know. Is there any reason they still do that now? Or is it just tradition?
eaallday 3 years ago
if you're asking why they designed the coins that way...I'm not sure
eaallday 3 years ago
were do you buy your stuff at
phaser12 3 years ago
local coin shop
eaallday 3 years ago
Good point, but sometimes people need money, and buying silver/gold is the better alternative to just sitting it in the bank while it loses value, also people who are getting into investing can practice with silver/gold,either long term or short term. its a sure investment
eaallday 3 years ago
P>S>to screenitherefirst.Most chains can be counterfeited and only have a minuscule amount of silver or gold,and you wont know until your neck turns green or the coin shop laughs at you when you try to trade it for cash!!be careful!!Buy coins in any condition before 1954 for a good price because they were pure and garaunteed by our government,for whatever thats worth!!
biggt2012 3 years ago
Agreed, also any coins dated 1964 or before as well.
bigdad06 3 years ago
Agreed also but they only contain 90 percent silver.Thank Nixon for taking us off the gold and silver standard and phasing silver out of our currency!!
biggt2012 3 years ago
No!!Coin shops are the only "shops"that are legally binded to go by market price.Most will have a moniter on that tells them what the stock market is dictating.The only price diferrence would be the collectivity of the coin or boulion that you hold!!
biggt2012 3 years ago
technically you can, but it would be hard to prove the purity of it when you try to sell it somewhere else. I would just go with the bullion unless a pawn shop was the only option you had. And even then I dont think melting it down would be necessary, because the chain or whatever would have the number of karats engraved somewhere.
eaallday 3 years ago
True it should be stamped somewhere,but most times its on the clasp whereas the chain itself is subpar.I've known disreputable individuals that engaged in this indirect form of theft.P.S.If at all possible buy canadian gold,they smelt it more efficiently so there is significantly less impurities in the gold than american gold.
biggt2012 3 years ago
Hey, Nice Vid's I'm from Australia been Buyin silver for the last few months just wish i started a few years ago!, all my friends are starting to get into it too,
chais875 3 years ago
Hey I just wanted to know if you know or heard if investing in mining companies (stock) would be a good choice as well?
kleetrack 3 years ago
I can't speak from experience, but if you can find a company (by doing your research) that has large reserves, and a good location, I think it would be a very good idea. If you have any specific questions let me know, I can ask my dad, he is into buying mining stocks and he would know more than I would.
eaallday 3 years ago
Thank you, I'm glad I'm getting the message out. I wish more people would be aware of buying gold and silver. If anyone has any questions or comments, feel free to send me a message or post here
eaallday 3 years ago
I live in CA and I'm aware of the exemption, but unfortunately I dont have a steady income (other than a small monthly allowance) so I can't qualify for it.
eaallday 3 years ago
Keep accumulating Elias and hang onto it. It's going to be quite awhile before we have money backed by any hard assets, so that means your silver will be a hedge against inflation. Great video! Interested in seeing any new videos you may have!
blabblab1212 3 years ago
Thank you, any new videos I have will be on my other account "PhewInvesting". I'll be making more videos after May, until then I have to focus on my schoolwork.
eaallday 3 years ago
ok eaallday let me just say i'm fascinated by this. How many $'s in silver bullion would you approx at least need to make a worthwhile profit over a premium of 7% at a shop? Thanks so much for sharing. What I mean is does the premium tend to eat you up?
chrisbeer 4 years ago
well like blabblab1212 said, there is no tax on purchases over 1000$(although I wasn't aware that it was only in CA) but I would still go with shops first. Ebay is good too, but I would only go with that option if my local shops were out of silver (there is a global silver shortage currently.) The shop is much quicker, and you pay less compared to the insurance and shipping you pay through ebay. Of course there will always be deals around, so ebay isn't necessarily down for the count!
eaallday 3 years ago
The coin dealer charges you a 10-20% premium. I buy junk silver on Ebay... no tax.
JP5466 4 years ago
mine charges 7%, its not too bad. dont you have to pay for the shipping(and insurance?)
eaallday 4 years ago