I started out buying "government minted coins" becasue it seemed more secure, when I traded in some I lost more "value" on the high premium, so now I'm pretty my private bullion only. (It's not suprising that buying from the government ripped me off even in PMs) ... lesson learned. If you love the design on the government silver, then i guess buy them, but silver is silver...it really is... silver 100% of the time 100% silver is 100% silver.
This is the truth, don't waste your money on high premium govt mint. All that money he's paying over spot, I'm taking that SAME money and buying MORE silver. And trust me, when you're buying as much as I am, it adds up. Especially if SHTF, nobody is going to care if it's govt. (pretty) or not, they're just going to want SILVER.
buy bullion its better than coins you can trade it easier at any bullion company coins are way over inflated with high premiums and under valued when off loaded
The Third Reich produced millions of 90% silver bullion coins. Each Nazi 5 Reichsmark coin weighed 13.88 g and contained exactly 12.5 g of fine silver. Almost half an ounze of silver in each coin. These coins are still readily available today! And besides their inherant value as silver bullion, they are also genuine Third Reich collectables thus adding to their value!
I personally have found that when spot prices drop a dollar. So do the Government Coins. The importance to me at this time is of a possible economic crisis, and to simply focus on cheaper forms of silver coins. This in fact protects me from having to use expensive high premium government rounds if or when this crisis may occur. BUT.....if it doesn't....it's very simple to flip the silver over to investment silver. So I feel that for those that don't expect a collapse should buy investment coins.
You know, I have the silver phil & eagle/liberty, but aesthetically, I love the Aussie coins the best in terms of design. They are hard to find in bulk at a good price in the states :-(
I agree, especially with gold. right now the price of buying something like a 1 oz credit suisse gold bar will run you about $5 to $10 cheaper than lets say a canadian 1oz maple leaf gold coin.
For such a small difference, you are better off with the coin. Also the Panda Chinese series which command bigger premiums are now much cheaper as the spot of gold as runup.
I feel like a squirrel gathering nuts for the winter. Im buying Guns, ammo, food, water,gold and silver. Winter is upon America. The squirrels that didn't get ready are about to starve and freeze to death.
Gainesville Coins is the cheapest place to buy gold and silver coins....I ordered a few times from them and they ship to Canada and I am sure they wouldn't mind shipping to Australia but you need to call and place your order over the phone because only US residents can buy online through their website.
You win stella xD I caved in and bought some Canadian maples and Austrian philharmonics last night, my first silver purchase. I might see them on Friday ;)
I already have gold, for like a year, and it's done really well - but it's like victory says... silver could go right out of the park and I think he's right, so I'm buying while the price is good. The silver:gold ratio makes silver look incredibly cheap so I'd say "go for it!" to anyone still sitting on the fence.
The nice thing about bullion, though, is that if you buy it from a mint (which I'd trust much more than some guy recommended by a random youtuber) it will come in sealed packages meaning it won't oxidize. I have silver coins that are showing a good deal of black on them and it's no good.
For Australians, we buy the 1oz coins from First Majestic and not buy it from Perth Mint. First Majestic, average cost including delivery will be around $AUD 20-22 per oz (which is equivlent to the cost per oz of buying larger bars) . Its still cheaper than stella's $23.80 or Perth Mint's ~$29 (1oz coins)
If you look at Perth Mint's 1kg bars, they cost about $21/oz
Eurogold, your vid is so bad i cant even watch it or hear it, sorry!. Fake coins, I doubt many are in Aus and the same could happen with bars. In the end its all relative to what you can buy. If your just buying a few coins a month from your wage, it doesn't really matter if your paying a dollar more or less. If your an investor with a good sum of cash, then you want the best buy. If you just want to top up your stack, it about just having silver, again its about deal hunting with what you have.
Its all about simple wisdom, you shop about before you buy. John is right with the coins when the price is high. The perth mint is not the place to get them at $38 , ive seen many other places in aus ranging from $32, $29, and now $23;80 for good amounts. Investing is about hunting for a deal.
US Dollar won't be allowed to drop because ironically the biggest creditors nation like china, japan, south korea can't afford the trade imbalance and loss of productive price advantage with a stronger currency again the dollar. The central banks with all the real money will be coming in to prop up the US dollar by devaluing their currency or buy US. Which means gold is inverse to the Dollar. Gold down and US dollar up after earnings this week from US companies.
firstly - yes - of course bullion and coins are both bullion... I was trying to differenciate myself between the two types of bullion - bars and coins... sorry if that wasnt clear.
secondly, unless your ordering large amounts coins from, say, the perth mint, the price Does NOT move in tandem with the spot price. if they do elsewhere I apologise, but in my country - they do not.
But more importantly, what I was talking about here was if you plan to RESELL your coins on ebay or similar ...(cont)
I bought from peth mint, and they do use the spot price, for the lowest quantity. If you are talking fancy celebratory coins maybe not. You are saying that if you give the seller a margin you will not notice the underlying hard traded price which is true with any asset. But that is not good advise for people that do not want to waste their money.
you can ALWAYS get $30 - $35 for your coins regardless of what spot is (I know this is a fact)
now maybe I wasnt clear in my vid - thats what the comments/question area is for - your video is really just to promote yourself... whatever - good for you...
Australian dollar price I assume. Maybe now, but as you can no longer export or import gold and silver in Australia, soon you'll see the underlying price dominate. Therefore I think its lame advise to say you should buy coins instead of bars.
Well, sorry about that. Your message is not helping people. Regardig the $38, yes they fix it daily, or they make a price when you call. THey will not change it on the site live with Kitco. Also they might be making their own price, after all, the sell it so they can.
First, have you tried to buy? Second, WOW $38 is two times the spot price. Wouldn't you think that is high enough to leave it there. Is that GOOD advise? Buy 10/100 ounce silver bars if they have them, kilo's silver etc.
well I never said get the koalas did I ? in the vid there were phils and mapels purchased for $23.80.
If silver goes to $15 Australian - gues what - I'll still be able to get my money back on the coins... but not so on the bars (if purchased at current spot of $19.50.
thats my point - you missed it - you're not the full quid if you can't understand the simple concept I am explaining here - anyhow - end of discussion for me - I've made my point.
if silver goes to $15 AU, I will be able to sell my coins purchased at $19.50 AU Spot price for at least $25. I couldnt get my money back on the bullion bars, but I can get them back on the coins.
its not wrong mate... I've been selling on ebay for ages and I know what I can get at different spot price points.
If you want my advice - you will want both coins and bars... 90% bars, 10% coins seems like a good mix - thats what I have (thereabouts).
All until the market develops for real and then 1. You won't be able to buy coins and 2. You will not have any benefit, you simply lose the $8 difference. So my advise is to go for bullin bars. Realize that export from Australia is now blocked. That the usd will lose its peg to oil, that gold and silver will be a core element of monetary policy again. The more weight you buy the better.
lol - bars are much easier to fake if thats your only comeback... shesh pal - you smoking something?
but honestly.. you have a point with weight versus coins... but to have NO coins is not a good idea either mate... in my opinion - and it certainly didnt deserve your full scale attack on my credibility.
i also never said to only buy coins - I said when the price is high i like to buy coins and when its low i like to buy bars... you have totally misunderstood my video - i think it was clear enough
He's not really, from Australia's point of view. I know people overseas to get their 1oz coins close to $1-4 spot prices, but in Australia, its $4-10. Because we already pay such a high premium on 1 oz coins, the changes in spot prices don't really change the retail price that much
what do you think about junk silver coins which are .6 of an oz. @ $12 so if you buy two you have 1.2oz's of silver for 24 where you just bought 1oz. coins for $23.80??
Let me know what you think? Plus how can you store so much coinage versus bars.....i know bars have a bar charge but for pure logistical reasons what do you think? good vid mate
I have already purchased from that seller John listed. He is perthbullion on Ebay with a 100% satisfaction rate power seller with 887+ feedback. Highly recommended.
since silver will be nationalized by the world government, it is better to buy bullion bars or rounds, rather than pay premium for coins. You will get the same amount of paper from the world government in return for one ounce coin or one ounce round.
Do you pay a hefty "per coin" margin when you trade bullion coins "Down Under?"
A $5 per ounce "margin" seems standard at dealers in the northeastern U.S. (Although I notice during the recent NYMEX sale they were only looking for a$1.79 per Eagle margin.)
Perhaps I have not been very astute as a bargain "shopper?"
I've just recently began to invest in gold and silver. I don't have a lot of investment capital but I have been setting aside money specifically for the purchase of silver and gold when i find a good deal on it. stellaconcepts what is your advice to someone with modest means that wants to invest in silver and gold but dont have the ability to buy in bulk as some can?
Silver now is still so cheap that it is one of those once in a lifetime opportunities to invest and make a fortune!! Think....investing in Google ten years ago.
i cant stand the, too the moons, why didnt we all buy at 3? We all just looked at g/s and said, it doesnt do anything. We're trying to perserve,but we're greedy too.
I feel that purchasing both govt minted coins & mint brand bullions (ex: APMEX coins) are OK.
But when the shit hits the fan and people might use Silver/Gold for trade, coins would be weighed for their barter value. Remember George4 titles trade Silver video at the store?
So the intrinsic value of govt coins will be pointless under those conditions. People will value the Silver at it's spot price and nothing more.
I have watched jon since jan 2009, made a purchase in april after finally understanding the dynamics of silver. Now we wait for the scenario to play out.
I remember how I found this john I was searching for silver and johns videos came up and I thought to myself who is this guy this channel and vision victory channel are BOTH great I find myself lucky in the since that I live in Texas and a bunch of us are aware of the federal reserve and whats going on people are opening stores that do not take federal reserve notes down here
Stella - you obviously know your stuff - and youre smarter than me - but it seems you have probly 100 grand in silver already - you alreadu gonna be a multim-millionaire if it goes to the moon - so why buy more? Wouldn't t be smarter to diversify into some other investments - even if the fundamentals of everything else isnt as good - simply as you're already set if silver happens? It's like you are 100.00% sure that it will to be still buying. Are you really 100.00% confident?
Aside from mining stocks (and after getting burned in the markets, I am simply too averse to counter-party risk to buy anything but physical), there's NO WAY I'll buy paper anything again. Mining stocks sound like they could be monster profitable down the road, but a bar in the hand is worth two in the ground. If you must, diversify into agricultural land if you can afford it; when the markets crash, you still own it. But you can't hide or move land to avoid seizure. ='[.]'=
Good point Ray. Also don't forget, if the world goes on to a partial gold standard, then governments may seize mines/mining companies in order to make sure that private citizens aren't owning the production of "money". Just a thought.
I never have this feeling when buying stocks or other paper instrument. With gold/silver I feel safe and secure. With paper, you're constantly worried if you'll lose it all when a company go bankrupt. With gold/silver. 1 oz is still 1 oz and it maintain its purchasing power no matter what the nominal value is, whether it increase or decrease
Ask the local pawn shops if they have any silver bullion. I purchased silver rounds at one for less than spot. They paid way less than spot and wanted to make some money. Its been a win/win each transaction. The supply is limited, but silver below spot is a deal. Friday, I purchased 20 rounds for 16.06 USD. This put my "hoard" at 722 oz. More silver on the horizon next week. All non-essential income is going into silver and food. Guns and ammo stocks are set. Keep preparing, stack 'em deep!
linux... not to be argumentative but let me give you a typical example in your favor best case:
10/15/09 Apmex American Silver Eagle, Silver Ask $17.52, Sell $19.31 (lowest premium markup based on 500+ purchased = $1.79 premium per coin), Buy = $18.47 (=$.84 lost premium per coin). Not all of the premium followed the coin, and all of the other shops I looked at were far worse.
Now, those 1 oz rounds that are sold with a $.79 premium on Apmex make me more money when I sell them back because I only lose $.74 per coin. Like I said, that was the best case in your favor, but if we are talking the purchase of 20 coins the differential is a dollar to a dollar and quarter per coin. So, all of the premium does not follow the coin - a lot of it is "lost". In any case, coins or bullion are all great to me. Like I said, I just want as much metal as humanly possible.
I don't know about Australia but in my experience this doesn't work this way in the U.S.. Government minted coins are consistently 2-4x the spot price of rounds or bars and less stable as well. I believe it is a numismatic premium that will be paid by some, but I have no interest in it - I just want the metal and as much a I can get. If you can lead me to a dealer where this is not the case I'd love to get some more coins! Haven't seen it in my personal experience though. Keep up the good work!
Me too. I keep thinking that when it comes down to it, silver is silver. Whether minted by gov'ts or just simple generic rounds. I can't help but figure that when the depression/collapse is in full swing, it really won't matter -just as long as you have silver. Who's going to want to pay a premium for a gov't coin when a generic round of silver is so expensive? I don't know... John, what do you think?
It's a conundrum. If you're buying purely as an investment, gov't coins (like the SAE) aren't bad, because the premium on them accrues to their value when you sell, and they are more likely to be in demand than generic rounds.
However, in the case of a currency collapse, in which you are using them as "crisis currency," those premiums go out the window, and their only advantage may be recognizability. Generic rounds may be a happy medium. ='[.]'=
Exactly!! Thanks Ray, that's precisely my thinking -and what I was trying to get at. I'm really too clumsy when it comes to making a point...and I appear to have a knack for miscommunication all too often. :(
Well, when I first got it, that's what I tried, but the cap is flush with the tube, so I had no grip. But when I got it open with the knife, I put the cap back on that way (45 degrees) and I still don't have much of a grip to get it off.
I think it's warped or something.
But my main concern is the weird, very light greenish stains on half of the coins.
Shot silver is about as cheap as you'll find it, but it has serious liquidity issues, as it would be difficult even for a dealer like APMEX (which sells it) to verify purity by weight without an assay. I'd stick to easily-identifiable forms like coins, rounds, and bars. ='[.]'=
Generic and Silver American Eagles, Maple Leafs, Phil Harmonics are all subject to spot price with everyone I talk to. The mentioned government mint coins run Between 1.60-2.00 over spot where the generic rounds are anywhere from .69+ over spot. I agree with what you are saying, but the ones I see maintaining there price when spot goes down are the limited coins like the chinese pandas, and perth mint coins like the kookaburras and lunar coins. If spot crashes, so do eagles, maples, and phils...
I know that this may fall outside of your field of expertise, but would you ever consider buying sterling silver objects. Such as, salt/pepper pots, candlesticks, plates, sugar bowls. That sort of thing. Would they not have the added advantage of not only having a silver value, but also a collectable value as well? The second value would rise over any given period of time. Lovely coins there.
if you got the know-how and can get a good deal - why not. but I am not a fan of non-999 silver... mainly cause when silver went to $50 - the non-999 wasnt in demand as much as 999 (and you didnt get as much for it) cause there were stockpiles of non-999 awating to be refined...
I bought some junk silver recently, but the price of the silver content is approx the same value of getting it .9999. Its not cheaper, so whats the point of getting the junk, over the pure coins
One thing I hate about the way silver is being sold here (Austria) is the 20% VAT :(. It makes it more expensive. But I hope that there I ll use the VAT as an advantage when I sell silver at a high price with no VAT. It will be an attractive offer.
bullion
YouTheory 9 months ago
Both!!!! Nuff said!!!!
Sniperman1964 10 months ago
wow how much money is that
maxcado 1 year ago
I started out buying "government minted coins" becasue it seemed more secure, when I traded in some I lost more "value" on the high premium, so now I'm pretty my private bullion only. (It's not suprising that buying from the government ripped me off even in PMs) ... lesson learned. If you love the design on the government silver, then i guess buy them, but silver is silver...it really is... silver 100% of the time 100% silver is 100% silver.
qlcmusic 1 year ago
@qlcmusic
This is the truth, don't waste your money on high premium govt mint. All that money he's paying over spot, I'm taking that SAME money and buying MORE silver. And trust me, when you're buying as much as I am, it adds up. Especially if SHTF, nobody is going to care if it's govt. (pretty) or not, they're just going to want SILVER.
JackinFaBeats 7 months ago
buy bullion its better than coins you can trade it easier at any bullion company coins are way over inflated with high premiums and under valued when off loaded
rolficus 1 year ago
bullion vs coins? you mean bullion coins vs bars or rounds.
folksyblues 1 year ago
+1 for Canadian Maples
captainmoe 1 year ago
This has been flagged as spam show
The Third Reich produced millions of 90% silver bullion coins. Each Nazi 5 Reichsmark coin weighed 13.88 g and contained exactly 12.5 g of fine silver. Almost half an ounze of silver in each coin. These coins are still readily available today! And besides their inherant value as silver bullion, they are also genuine Third Reich collectables thus adding to their value!
Heidelager 1 year ago
I like 10 ounce silver bars the most, and in particular the Scottsdale Silver brand.
pinup22 1 year ago
@stellaconcepts hey can you put a magnet to your silver and till me what happens
TheAudiorub 1 year ago
@TheAudiorub silver is not magnetic.
stellaconcepts 1 year ago
nice vid , check mine
stackinsilver 2 years ago
I personally have found that when spot prices drop a dollar. So do the Government Coins. The importance to me at this time is of a possible economic crisis, and to simply focus on cheaper forms of silver coins. This in fact protects me from having to use expensive high premium government rounds if or when this crisis may occur. BUT.....if it doesn't....it's very simple to flip the silver over to investment silver. So I feel that for those that don't expect a collapse should buy investment coins.
WhyMeWhySilver 2 years ago
where do you get the best deals when you want to sell?
11368x 2 years ago
how the hell did i miss this video sheesh its from oct 11 i was HERE.
pkimrey 2 years ago
You know, I have the silver phil & eagle/liberty, but aesthetically, I love the Aussie coins the best in terms of design. They are hard to find in bulk at a good price in the states :-(
suzettespencer 2 years ago
I agree, especially with gold. right now the price of buying something like a 1 oz credit suisse gold bar will run you about $5 to $10 cheaper than lets say a canadian 1oz maple leaf gold coin.
For such a small difference, you are better off with the coin. Also the Panda Chinese series which command bigger premiums are now much cheaper as the spot of gold as runup.
odn1 2 years ago
Just received my first shipment of silver coins from your link email address Ben also has a web sight
w w w.bullion bourse. com/ {remove the spaces}
ordered on sat delivered Wed
Bloody good service from one side of aus to the other
cheers
shovelshit1 2 years ago
I feel like a squirrel gathering nuts for the winter. Im buying Guns, ammo, food, water,gold and silver. Winter is upon America. The squirrels that didn't get ready are about to starve and freeze to death.
bluediamond2077 2 years ago 8
Bingo. You and I would get along very well.
JP5466 2 years ago
@bluediamond2077
The guns and ammo are creepy. I'm afraid you'll shoot someone out of paranoia.
Jcolinsol 1 year ago
anyone know where else apart from the the guy mentioned where i can buy North American Coins from here in Australia?
Decebal825 2 years ago
Gainesville Coins is the cheapest place to buy gold and silver coins....I ordered a few times from them and they ship to Canada and I am sure they wouldn't mind shipping to Australia but you need to call and place your order over the phone because only US residents can buy online through their website.
aka03271 2 years ago
THOSE MAPLES ARE GORGEOUS. I LOVE THEM
Rico8458 2 years ago
Hi John,
$23.80 AUD is really good, but is that only for the "foreign coins" like maples, eagles, etc?
Kookaburras are still going for $30-$33 AUD from what I last saw on ebay, aus bullion company.
Please advise.
Cheers.
hmm7777 2 years ago
Can you get margin loans to buy bullion?
DocBrewster 2 years ago
sweet!
informative audio with
shiny silver porn video
kjdyatta 2 years ago
You win stella xD I caved in and bought some Canadian maples and Austrian philharmonics last night, my first silver purchase. I might see them on Friday ;)
I already have gold, for like a year, and it's done really well - but it's like victory says... silver could go right out of the park and I think he's right, so I'm buying while the price is good. The silver:gold ratio makes silver look incredibly cheap so I'd say "go for it!" to anyone still sitting on the fence.
TilveranNavarre 2 years ago
Silver has just hit $18;04
dreamworldful 2 years ago
The nice thing about bullion, though, is that if you buy it from a mint (which I'd trust much more than some guy recommended by a random youtuber) it will come in sealed packages meaning it won't oxidize. I have silver coins that are showing a good deal of black on them and it's no good.
ChichiriMuyo 2 years ago
Silver porn FTW!
Peridolin 2 years ago
Whats the deal with "yuan" and "reminbi"?
DocBrewster 2 years ago
Equivalent to:
Yuan = Dollar
Reminbi = US dollar
4rcane 2 years ago
I dont get it - how can reminbi be US dollar and Chinese dollar?
or do you mean its the Cantonese word for "US dollar"
???????
DocBrewster 2 years ago
Renminbi actually translates to people's money. Another way of looking at it
YUAN = Dollar
Reminbi = Chinese Dollar
4rcane 2 years ago
USDI 75:86
DocBrewster 2 years ago
so basically buy coins from now on.
MrLinkJuice 2 years ago
Are coins also more difficult to counterfeit?
Imat00l 2 years ago
Thats some real money there!!Say no to fake worthless paper money!!
kikila007 2 years ago
Hey John,
Are the tubes those coins came in, good for storage as well? Or is there a more inert type of storage to prevent chemical reactions?
Great work as usual. Thanks.
bjsmith22 2 years ago
Maple, Eagle or Philly?
If you can get your hands on 2008 Philly, get it! Make sure it's the 2008 release, because its the first ever silver Philharmonics release.
chimpanchu 2 years ago
What do ppl think of this advice.
For Australians, we buy the 1oz coins from First Majestic and not buy it from Perth Mint. First Majestic, average cost including delivery will be around $AUD 20-22 per oz (which is equivlent to the cost per oz of buying larger bars) . Its still cheaper than stella's $23.80 or Perth Mint's ~$29 (1oz coins)
If you look at Perth Mint's 1kg bars, they cost about $21/oz
4rcane 2 years ago
remember the FM rounds are not govt issued they are pure bullion coins - no face value.
mapels have $5 face value
and phils have 1.5 euro
stellaconcepts 2 years ago
yea, but foreign legal tenders don't mean anything to us
4rcane 2 years ago
yea they do actually - thats like saying a candian $5 note is worthless here in oz. its not.
stellaconcepts 2 years ago
I'm thinking along the lines. Are there any tax advantages.
4rcane 2 years ago
$18.00 Us
I'll get the coffee's chaps :o)
GuildF40 2 years ago
Gold has just hit $1063 dollars
dreamworldful 2 years ago
$1068.00 USD
linux23dragon2008 2 years ago
Eurogold, your vid is so bad i cant even watch it or hear it, sorry!. Fake coins, I doubt many are in Aus and the same could happen with bars. In the end its all relative to what you can buy. If your just buying a few coins a month from your wage, it doesn't really matter if your paying a dollar more or less. If your an investor with a good sum of cash, then you want the best buy. If you just want to top up your stack, it about just having silver, again its about deal hunting with what you have.
dreamworldful 2 years ago
Sorry, you are thinking numismatics, that is not what I'm talking about.
eurogoldexchange 2 years ago
Its all about simple wisdom, you shop about before you buy. John is right with the coins when the price is high. The perth mint is not the place to get them at $38 , ive seen many other places in aus ranging from $32, $29, and now $23;80 for good amounts. Investing is about hunting for a deal.
dreamworldful 2 years ago
US Dollar won't be allowed to drop because ironically the biggest creditors nation like china, japan, south korea can't afford the trade imbalance and loss of productive price advantage with a stronger currency again the dollar. The central banks with all the real money will be coming in to prop up the US dollar by devaluing their currency or buy US. Which means gold is inverse to the Dollar. Gold down and US dollar up after earnings this week from US companies.
formulaprimer 2 years ago
Stop lying
eurogoldexchange 2 years ago
care to explain?
stellaconcepts 2 years ago
I posted a video with my thoughts..
eurogoldexchange 2 years ago
firstly - yes - of course bullion and coins are both bullion... I was trying to differenciate myself between the two types of bullion - bars and coins... sorry if that wasnt clear.
secondly, unless your ordering large amounts coins from, say, the perth mint, the price Does NOT move in tandem with the spot price. if they do elsewhere I apologise, but in my country - they do not.
But more importantly, what I was talking about here was if you plan to RESELL your coins on ebay or similar ...(cont)
stellaconcepts 2 years ago
I bought from peth mint, and they do use the spot price, for the lowest quantity. If you are talking fancy celebratory coins maybe not. You are saying that if you give the seller a margin you will not notice the underlying hard traded price which is true with any asset. But that is not good advise for people that do not want to waste their money.
eurogoldexchange 2 years ago
perth mint currently has a price of $38.00 exactly on their website. does that sound like a price that fluctuates much?
stellaconcepts 2 years ago
you can ALWAYS get $30 - $35 for your coins regardless of what spot is (I know this is a fact)
now maybe I wasnt clear in my vid - thats what the comments/question area is for - your video is really just to promote yourself... whatever - good for you...
stellaconcepts 2 years ago
Australian dollar price I assume. Maybe now, but as you can no longer export or import gold and silver in Australia, soon you'll see the underlying price dominate. Therefore I think its lame advise to say you should buy coins instead of bars.
eurogoldexchange 2 years ago
I DIDNT ADVISE YOU SHOULD BUY COINS INSTEAD OF BARS. I said what I like to do and maybe you want to consider doing the same!
sheesh pal... what the hell is your problem? trying to get some more attention for your channel? are we not on the same side here?
stellaconcepts 2 years ago
Well, sorry about that. Your message is not helping people. Regardig the $38, yes they fix it daily, or they make a price when you call. THey will not change it on the site live with Kitco. Also they might be making their own price, after all, the sell it so they can.
eurogoldexchange 2 years ago
no sir the price has been exactly $38.00 for weeks now.
its doesnt move unless silver has a massive price spike in either direction.
sorry to burst your wet dream.
stellaconcepts 2 years ago
First, have you tried to buy? Second, WOW $38 is two times the spot price. Wouldn't you think that is high enough to leave it there. Is that GOOD advise? Buy 10/100 ounce silver bars if they have them, kilo's silver etc.
eurogoldexchange 2 years ago
well I never said get the koalas did I ? in the vid there were phils and mapels purchased for $23.80.
If silver goes to $15 Australian - gues what - I'll still be able to get my money back on the coins... but not so on the bars (if purchased at current spot of $19.50.
thats my point - you missed it - you're not the full quid if you can't understand the simple concept I am explaining here - anyhow - end of discussion for me - I've made my point.
stellaconcepts 2 years ago
If you are not talking bullion coins it is even worse advise.
Silver is at $AU 19,52 as we speak, so I don't get the $15 line.
It may be a simple concept but it is WRONG.
eurogoldexchange 2 years ago
if silver goes to $15 AU, I will be able to sell my coins purchased at $19.50 AU Spot price for at least $25. I couldnt get my money back on the bullion bars, but I can get them back on the coins.
its not wrong mate... I've been selling on ebay for ages and I know what I can get at different spot price points.
If you want my advice - you will want both coins and bars... 90% bars, 10% coins seems like a good mix - thats what I have (thereabouts).
stellaconcepts 2 years ago
He is talking bullion coins, maples, phil, american eagle are bullion coins.
Using your example
Silver is $19.52 AUD, stella could get his coin for $23.80
When Silver drops to $15 AUD, stella could still sell his coins for $23.80 or more.
Do you see, the price of the coin did not drop, but if it were the bars, he won't be able to sell his bars at the price he got it at
4rcane 2 years ago
All until the market develops for real and then 1. You won't be able to buy coins and 2. You will not have any benefit, you simply lose the $8 difference. So my advise is to go for bullin bars. Realize that export from Australia is now blocked. That the usd will lose its peg to oil, that gold and silver will be a core element of monetary policy again. The more weight you buy the better.
eurogoldexchange 2 years ago
And as someon on my channel comments, some coins are fake.
eurogoldexchange 2 years ago
lol - bars are much easier to fake if thats your only comeback... shesh pal - you smoking something?
but honestly.. you have a point with weight versus coins... but to have NO coins is not a good idea either mate... in my opinion - and it certainly didnt deserve your full scale attack on my credibility.
stellaconcepts 2 years ago
If you think numismatics you are missing the plot.
eurogoldexchange 2 years ago
where did i say numismatics? since when are we talking about numismatics? seriously... are you high?
stellaconcepts 2 years ago
Well, you are not talking bullion obviously, so what else is there?
eurogoldexchange 2 years ago
ok - clearly i am dealing with a child here.
stellaconcepts 2 years ago
Good luck.
eurogoldexchange 2 years ago
i also never said to only buy coins - I said when the price is high i like to buy coins and when its low i like to buy bars... you have totally misunderstood my video - i think it was clear enough
stellaconcepts 2 years ago
He's not really, from Australia's point of view. I know people overseas to get their 1oz coins close to $1-4 spot prices, but in Australia, its $4-10. Because we already pay such a high premium on 1 oz coins, the changes in spot prices don't really change the retail price that much
4rcane 2 years ago
This is a complete lie. Buy bullion or buy coins at a reasonable price.
eurogoldexchange 2 years ago
what is a complete lie?
stellaconcepts 2 years ago
what do you think about junk silver coins which are .6 of an oz. @ $12 so if you buy two you have 1.2oz's of silver for 24 where you just bought 1oz. coins for $23.80??
Let me know what you think? Plus how can you store so much coinage versus bars.....i know bars have a bar charge but for pure logistical reasons what do you think? good vid mate
ONErighteousNESS 2 years ago
That's real money there folks. See how beautiful real money looks?
helpendthefed 2 years ago 6
*drool*
rdemmin 2 years ago
Very nice silver p0rn.
Bling! Bling!
davincij15 2 years ago
Ben good bloke top operator, never had a problem
minimoo2000 2 years ago
I have already purchased from that seller John listed. He is perthbullion on Ebay with a 100% satisfaction rate power seller with 887+ feedback. Highly recommended.
capslockbandit 2 years ago
since silver will be nationalized by the world government, it is better to buy bullion bars or rounds, rather than pay premium for coins. You will get the same amount of paper from the world government in return for one ounce coin or one ounce round.
sinitskyd 2 years ago
I learned not to touch the coins and bars, will lessen the value.......(but I see you unpacking them from the tubes)...is that true??
wwwmatejase 2 years ago
touching the coins will tarnish them but it does come off, although it probably is better not to touch them
MrSpamkiller 2 years ago
Three words: Cheap cotton gloves. =^[.]~=
Raycheetah 2 years ago
Stella - How lovely to behold!
Question:
Do you pay a hefty "per coin" margin when you trade bullion coins "Down Under?"
A $5 per ounce "margin" seems standard at dealers in the northeastern U.S. (Although I notice during the recent NYMEX sale they were only looking for a$1.79 per Eagle margin.)
Perhaps I have not been very astute as a bargain "shopper?"
MzProgressive 2 years ago
if you look at perth mint as an example
$18 USD divided by .90 exchange rate = $20 AUD, but perth mint sell a coin for $30. Thats $10 AUD over spot not including delivery
4rcane 2 years ago
4rcane - Thanks for that info - and OUCH!
$10 over spot?? + Delivery!
Can you locate a local dealer where the shipping won't be an issue?
I paid $5 (US) over spot for American Eagles here, but that was a little while ago.
MzProgressive 2 years ago
i try to stay away from the premiums.
ndrew206 2 years ago
for silver, buy bullion 1oz. or 10oz bars
for gold, buy bullion and/or coins.
MrSpamkiller 2 years ago
I like to buy 100oz gold bullion.
seka1986 2 years ago
I've just recently began to invest in gold and silver. I don't have a lot of investment capital but I have been setting aside money specifically for the purchase of silver and gold when i find a good deal on it. stellaconcepts what is your advice to someone with modest means that wants to invest in silver and gold but dont have the ability to buy in bulk as some can?
Michael7893 2 years ago
I second the comment on buying from Ben.
Ive been more than happy with the silver I have bought from him.
TheronDragoon 2 years ago
Question: do Australians have to pay the vat tax on ebay auctions?
southernbelle1971 2 years ago
theres no such thing as a vat tax in Australia. We have GST and it doesnt apply to bullion
4rcane 2 years ago
I have been buying junk silver because I can get it at or below spot.
JOConnor100 2 years ago
Silver now is still so cheap that it is one of those once in a lifetime opportunities to invest and make a fortune!! Think....investing in Google ten years ago.
CASTILLOM1 2 years ago
Thanks for the vid John. I'm buying bars and rounds for .50 over spot.... it seems like I must be getting a pretty good deal?
southernbelle1971 2 years ago
i cant stand the, too the moons, why didnt we all buy at 3? We all just looked at g/s and said, it doesnt do anything. We're trying to perserve,but we're greedy too.
creten69 2 years ago
I'm drooling.
JOHNNYH8STHENWO 2 years ago
I feel that purchasing both govt minted coins & mint brand bullions (ex: APMEX coins) are OK.
But when the shit hits the fan and people might use Silver/Gold for trade, coins would be weighed for their barter value. Remember George4 titles trade Silver video at the store?
So the intrinsic value of govt coins will be pointless under those conditions. People will value the Silver at it's spot price and nothing more.
bullorbearreport 2 years ago
Hey John
The email address is in OZ (correct) am I right in thinking OZ still has the export ban in place on the shiny ?
I am trying to work out HOW there can be a pull back under the current conditions ?
Are we actually in the NEW LOW now?
I'll get the coffee's ✔✔✔
GuildF40 2 years ago
Great vid. I buy my coins from a local guy here in houston - silver eagles a 2 dollars above spot -
popomp1 2 years ago
I have watched jon since jan 2009, made a purchase in april after finally understanding the dynamics of silver. Now we wait for the scenario to play out.
I always think of rhodium and how that exploded.
Ubreako 2 years ago
I remember how I found this john I was searching for silver and johns videos came up and I thought to myself who is this guy this channel and vision victory channel are BOTH great I find myself lucky in the since that I live in Texas and a bunch of us are aware of the federal reserve and whats going on people are opening stores that do not take federal reserve notes down here
popomp1 2 years ago
Stella - you obviously know your stuff - and youre smarter than me - but it seems you have probly 100 grand in silver already - you alreadu gonna be a multim-millionaire if it goes to the moon - so why buy more? Wouldn't t be smarter to diversify into some other investments - even if the fundamentals of everything else isnt as good - simply as you're already set if silver happens? It's like you are 100.00% sure that it will to be still buying. Are you really 100.00% confident?
mallamoozoo 2 years ago
I'm very confident.
stellaconcepts 2 years ago
Aside from mining stocks (and after getting burned in the markets, I am simply too averse to counter-party risk to buy anything but physical), there's NO WAY I'll buy paper anything again. Mining stocks sound like they could be monster profitable down the road, but a bar in the hand is worth two in the ground. If you must, diversify into agricultural land if you can afford it; when the markets crash, you still own it. But you can't hide or move land to avoid seizure. ='[.]'=
Raycheetah 2 years ago
Good point Ray. Also don't forget, if the world goes on to a partial gold standard, then governments may seize mines/mining companies in order to make sure that private citizens aren't owning the production of "money". Just a thought.
nmreich 2 years ago 2
Id like to buy agricultural land - but its in the 6 figures range - i only have low 5's so not an option.
So thought I might convert 10% of my physical into PM mining stocks - just in case.
mallamoozoo 2 years ago
I never have this feeling when buying stocks or other paper instrument. With gold/silver I feel safe and secure. With paper, you're constantly worried if you'll lose it all when a company go bankrupt. With gold/silver. 1 oz is still 1 oz and it maintain its purchasing power no matter what the nominal value is, whether it increase or decrease
4rcane 2 years ago 3
Amazing isn't it, it feels so much better knowing you have an actual hard asset you can hold.
visionvictory 2 years ago 3
pretty coins:) thanks john!!!
fal2grace 2 years ago
Ask the local pawn shops if they have any silver bullion. I purchased silver rounds at one for less than spot. They paid way less than spot and wanted to make some money. Its been a win/win each transaction. The supply is limited, but silver below spot is a deal. Friday, I purchased 20 rounds for 16.06 USD. This put my "hoard" at 722 oz. More silver on the horizon next week. All non-essential income is going into silver and food. Guns and ammo stocks are set. Keep preparing, stack 'em deep!
oldmrelics 2 years ago
Mighty sweet collection there John!! I'm incredibly jealous.
On a good note, I've personally passed the 1,000 oz mark. :-)
AfterTheFox75 2 years ago
well done honey :o)
GuildF40 2 years ago
Why thank you sweetcheeks. :-P
AfterTheFox75 2 years ago
john what do you think about copper?
bjmccullough 2 years ago 2
i dont think it has the exposive upside potential as silver does.
remember silver has been held underwater for so long - so the pop to the top will be bigger than coppers ever can be.
stellaconcepts 2 years ago
Nice John, very nice. :)
Airave 2 years ago
It's also easy to just select very old silver coins from the currency you have at hand, and put them in with the parsnips.
slobomotion 2 years ago
Upon selling, the bulk of that expensive spot on coins is lost, far more than the spot you lose on the bullion (all of it).
That is my opinion correct me if I am wrong...
theseeker2001 2 years ago
Nope. The premium on coins is always factored into the total cost. No matter what the spot price is and how many times that coin is sold.
The premium stays with the coin even if the spot price goes to zero.
linux23dragon2008 2 years ago
linux... not to be argumentative but let me give you a typical example in your favor best case:
10/15/09 Apmex American Silver Eagle, Silver Ask $17.52, Sell $19.31 (lowest premium markup based on 500+ purchased = $1.79 premium per coin), Buy = $18.47 (=$.84 lost premium per coin). Not all of the premium followed the coin, and all of the other shops I looked at were far worse.
theseeker2001 2 years ago
Now, those 1 oz rounds that are sold with a $.79 premium on Apmex make me more money when I sell them back because I only lose $.74 per coin. Like I said, that was the best case in your favor, but if we are talking the purchase of 20 coins the differential is a dollar to a dollar and quarter per coin. So, all of the premium does not follow the coin - a lot of it is "lost". In any case, coins or bullion are all great to me. Like I said, I just want as much metal as humanly possible.
theseeker2001 2 years ago
I don't know about Australia but in my experience this doesn't work this way in the U.S.. Government minted coins are consistently 2-4x the spot price of rounds or bars and less stable as well. I believe it is a numismatic premium that will be paid by some, but I have no interest in it - I just want the metal and as much a I can get. If you can lead me to a dealer where this is not the case I'd love to get some more coins! Haven't seen it in my personal experience though. Keep up the good work!
theseeker2001 2 years ago 2
Me too. I keep thinking that when it comes down to it, silver is silver. Whether minted by gov'ts or just simple generic rounds. I can't help but figure that when the depression/collapse is in full swing, it really won't matter -just as long as you have silver. Who's going to want to pay a premium for a gov't coin when a generic round of silver is so expensive? I don't know... John, what do you think?
AfterTheFox75 2 years ago
It's a conundrum. If you're buying purely as an investment, gov't coins (like the SAE) aren't bad, because the premium on them accrues to their value when you sell, and they are more likely to be in demand than generic rounds.
However, in the case of a currency collapse, in which you are using them as "crisis currency," those premiums go out the window, and their only advantage may be recognizability. Generic rounds may be a happy medium. ='[.]'=
Raycheetah 2 years ago
Exactly!! Thanks Ray, that's precisely my thinking -and what I was trying to get at. I'm really too clumsy when it comes to making a point...and I appear to have a knack for miscommunication all too often. :(
AfterTheFox75 2 years ago
Huh? I don't ever recall you having any difficulty expressing yourself! I was just adding to your point, 'cause I'm a garrulous pedant. =^[.]^=
Raycheetah 2 years ago
Comment removed
AfterTheFox75 2 years ago
Great Video!!! I wish, sometime soon, that you'll do a video on "HOW TO SELL!!!"
Anyone can buy it.... How do you sell it???
Great Video Again... Thanks!!
Avid
AvidLifestyle 2 years ago 3
Oh no, I already bought tons of overpriced kooks and lunars with 40% premium.
Didn't know where to get maples and eagles here in Australia.
chimpanchu 2 years ago
i did as well im spewing
bought them from
ABC in melbourne on Collins St
feel ripped
longltran 2 years ago
Wait, how the hell did you open the tube so easily, I had to use a knife to pry it open.
Also, some of the Maples had like a light greenish stain on them - Is that normal? And what the hell is it?
Thanks for the vid.
2528997 2 years ago
its like a bra - first time always tricky but you eventually can flick em open like the fonz ;)
stellaconcepts 2 years ago
Just turn the top 45 degrees and then you have four tabs to pull on.
patriotsundergod 2 years ago
Well, when I first got it, that's what I tried, but the cap is flush with the tube, so I had no grip. But when I got it open with the knife, I put the cap back on that way (45 degrees) and I still don't have much of a grip to get it off.
I think it's warped or something.
But my main concern is the weird, very light greenish stains on half of the coins.
2528997 2 years ago
lol@scissors.
I use my bare hands.
2528997 2 years ago
ok Chuck Norris
patriotsundergod 2 years ago 2
hahaha
stellaconcepts 2 years ago
I have Maples, Sunshine's, Eagle's, Buffalo's,
Philharmonics, Trade Rounds, Panda's, Kuka's et'c, but my favourite round/coin of all of the 1 Oz rounds/coins available is the Britannia.
The only thing about Britannia's is they are always seem to be more expensive.
Cheer's from 'SUNNY' Yorkshire.
NowisEvollovetion 2 years ago
wow, I have been buying mine at 15 per coin. I don't buy when it goes up to 17 a coin!
vikingjustice15 2 years ago
So that's what...about $2,000 to 2,500 worth of Silver bullion huh? Lucky you. I can typically only afford to buy about 2 coins at a time.
veritasfiles 2 years ago
Nice one mate...Silver Porn! Got 15 Maples today myself and what a great feeling to hold real money with real weight. Bring on the price explosion!
fezz569 2 years ago
i got my first 2 silver coins the other day at 22 $ each i went to a company called abc in brisbane
they are australian kookaburra 1 oz 1990 999
analysis333 2 years ago
you know what they say - you always remember your first time - keep stacking bro
stellaconcepts 2 years ago
question
if i wanted to sell my silver where would i go and at what price do i sell at
if selling to a company do you sell at a loss ?
analysis333 2 years ago
Ive bought Aussie Perth mint bullion bars from that seller on Ebay! Top notch seller!!!
Zwikster 2 years ago
thats him!
stellaconcepts 2 years ago
Yup, spot on about buying bullion coins.
I buy mine from my brother-in-law at 3 months ago prices.
So far, I have about 3k ounces just in silver. Good return in the last week or so.
Also, have you looked into buying shot/grain silver?
Peace
hiphopsocnroc 2 years ago
we should all have a brother in law like yours ;)
stellaconcepts 2 years ago
Shot silver is about as cheap as you'll find it, but it has serious liquidity issues, as it would be difficult even for a dealer like APMEX (which sells it) to verify purity by weight without an assay. I'd stick to easily-identifiable forms like coins, rounds, and bars. ='[.]'=
Raycheetah 2 years ago
Correct. if you do buy from Apmex, as long as you do not open the bag and have all tags attached, they will buy it back with no assay charge.
Peace
hiphopsocnroc 2 years ago
Nice coins John. They look great on video.
mrees999 2 years ago
Buy Low, Sell High. Pretty simple concept.
FuckinGuitarHero 2 years ago
so is $18 low or high?
easy concept - hard in practice...
stellaconcepts 2 years ago
From Australian's point of view, I think silver at $18 USD is probably on the low point. It used to be $14 USD at $23 AUD now its $18 USD at $20 AUD
4rcane 2 years ago
for me $18 is high as I bought around $12! I'll sell all day long and make $5-6 a coin.
FuckinGuitarHero 2 years ago
Nice coins. I just bought my 2000th right before the price rose last week.
tradergee1 2 years ago
hope your having a 2000th oz party!
stellaconcepts 2 years ago
I will when this thing gets going.
tradergee1 2 years ago
Generic and Silver American Eagles, Maple Leafs, Phil Harmonics are all subject to spot price with everyone I talk to. The mentioned government mint coins run Between 1.60-2.00 over spot where the generic rounds are anywhere from .69+ over spot. I agree with what you are saying, but the ones I see maintaining there price when spot goes down are the limited coins like the chinese pandas, and perth mint coins like the kookaburras and lunar coins. If spot crashes, so do eagles, maples, and phils...
REDEMPTIONthreadz 2 years ago
not on ebay. I was paying similar prices with stop around $12.
stellaconcepts 2 years ago
I know that this may fall outside of your field of expertise, but would you ever consider buying sterling silver objects. Such as, salt/pepper pots, candlesticks, plates, sugar bowls. That sort of thing. Would they not have the added advantage of not only having a silver value, but also a collectable value as well? The second value would rise over any given period of time. Lovely coins there.
CelticReject 2 years ago
if you got the know-how and can get a good deal - why not. but I am not a fan of non-999 silver... mainly cause when silver went to $50 - the non-999 wasnt in demand as much as 999 (and you didnt get as much for it) cause there were stockpiles of non-999 awating to be refined...
stellaconcepts 2 years ago
I bought some junk silver recently, but the price of the silver content is approx the same value of getting it .9999. Its not cheaper, so whats the point of getting the junk, over the pure coins
4rcane 2 years ago
Like Ahmedvienna, we get charged VAT here in the UK, but only 15% (until it goes up to 17.5% again), it's a pain in the arse but what yer gonna do!!
I'll jump these annoying hurdles just so as I can keep stacking, it'll pay off in the long run.
TheKingfoz 2 years ago
Really nice silver. I'm looking for a couple more tubes, maybe one for me and one for my site. :p
drutter 2 years ago
nice... keep stacking
stellaconcepts 2 years ago
Hey John,
One thing I hate about the way silver is being sold here (Austria) is the 20% VAT :(. It makes it more expensive. But I hope that there I ll use the VAT as an advantage when I sell silver at a high price with no VAT. It will be an attractive offer.
ahmedvienna 2 years ago
yeap vat is a real downer!
stellac