Hi! I was wondering what valuble metals besides gold and silver might be worth buying? Copper perhaps? And what about gemstones such as amethysts, rubies and diamonds?
@Marsupium Stay away from gemstones unless you are an expert. The same can be said about numismatic coins. Stay away! The only things to consider besides gold and silver are platinum and palladium. But there is plenty of gold and silver around so I'd stick with those two mostly.
@thenewsurvivalist Thanks! But what about copper? Wouldnt that be valuble? I mean, when the system breaks down but there would still be people trading stuff with eatchother and if I were to buy a loaf of bread for example with a silver bullion, wouldnt that be a little over priced?
@Marsupium All commodities will go up in price. You can save your aluminum cans if you want. I don't recommend investing in copper, however, because between now and then copper will not increase in value percentage-wise nearly as much as precious metals will. And BY NO MEANS should you invest in copper pennies, because it is illegal to melt them or ship them outside the US so they are just like holding fiat paper dollars. Buy silver! Forget the rest!
@fieryphoenixe My boot! But first I put it together neatly as best I can so that it will all stay together, bending down the edges with needle-nose pliers, etc. if necessary.
@thenewsurvivalist At 3:19, you first mention that the un-weighted dessert dish is 2 ounces 'pure sterling,' then when you put it down, you say "about 2 ounces pure silver" (by accident). That is where the confusion likely came from.
Just curious as to what method you used to compressed the compote so nicely. I've got several items that I have removed the weights from and had been considering compressing them to reduce the stored volume. BTW, I do enjoy your videos.
@72542 I use my foot. But first I try to put it together in such a way that it will stay in one piece after it is crushed. Sometimes this involves putting small pieces inside larger ones, bending down the edges with pliers, etc. whatever it takes.
Hi! I am wondering if there is any idea to buy silver and gold jewelry, such as rings, along with bars and rounds, plated or solid? I am only 17 at the moment and dont have a regular income, nevertheless I have a future I need to secure just like any other working citizen.
@Marsupium Don't buy ANYTHING that is plated gold nor silver. Know what you are buying. It must be marked. Gold filled (GF) is also bad-even worse than plated. Gold & silver jewelry is good, but because of the workmanship involved they usually sell for much higher than their melt value. For that reason I'd avoid them. The best thing to buy is 90% US circulated silver coins that you can purchase at close to melt value. No matter now little money you have you should be accumulating a little ea mo.
@TeamLibertyExpress silver-plated items are also non-magnetic. I don't care if it "rings" or not. If you buy a spoon that is not marked "sterling," you are going to disappointed when you try to sell it as real silver to someone else, primarily because if it isn't marked "sterling" then it is NOT sterling.
@brian93ist If you buy silver items that are not marked "sterling" (or its equivalent) you are going to be very disappointed. You might as well burn your money. Sure the "sterling" can wear off. I have seen it. But I have purchased thousands of ster items and have seen it worn off very rarely. The surest way to tell is an acid test (if you know how to do it.) I suggest you buy your silver from a coin and bullion dealer and stick with rounds and bars or old US circulated 90% and 40% silver coins.
@GoldenRing1989 Sulfur is an ingredient in some silver polishes, especially silver dips. It simply means that the item was dipped in silver cleaner-a problem for collector coins but not a problem for sterling silver or scrap silver.
I'm confused on what he's saying here. He keeps saying, "this is pure silver" but isn't sterling 92.5% silver. How can .925 sterling silver be "pure silver"
@rudemood2011 I said that this is "pure sterling" which by definition is .925 fine silver. I use the wording "pure sterling' to differentiate it from a sterling item which is weighted. This isn't rocket science.
Investing in copper pennies & nickles is a mistake-the same as paper money. Congress passed a law making it illegal to melt them down to send them out of the country where they could be melted down. No scrap dealer will touch them so you will never get your investment from the base metals contained in them no matter how high prices go. The value of coins will erode away along with the fiat paper dollar, which is why I say you might as well invest in paper dollars. Buy precious metals!
What about soder? I have rolls of silver soder from when I was doing plumbing (bought in baulk). It says 90% silver. At the time I bought it I was paying about $15 a roll, yesterday when I was at the store I saw the price at $34 a roll.
If I melt it down will it be worth anything or gain any value as silver prices rise?
@deadman12078 It is not very liquid but you can sell it to a scrap dealer but he won't pay you full value for the silver. It is not as good as coins, rounds or bars but if you can get it at a good price (at least half the melt value of the silver it contains) then it isn't bad to have.
@americanfamilynow No, there is no way to test with a magnetic. Silver plated is not iron but various other metals that are not magnetic, most commonly copper but many others as well. The acid test is very reliable and inexpensive and easy. For the beginner I recommend you go with the markings. Save yourself a lot of heartache by only buying sterling that is clearly marked as sterling.
Back when I was in high school many years ago, my physics teacher said to make sure you are getting a certain metal, say silver, you can put it in water and the displacement of the water will tell you if you're getting silver mixed with lead etc.
Do you know these values or how will you deal with people mixing metals with other substances to take advantage of the situation?
@breakneck14 The test you mentioned is not practical for most people. What is practical, in fact very easy, for anybody is the acid test. I use it. You put a drop of the acid on the silver & determine its purity by the color of the acid. You have to scrape off or scratch the surface to make sure it isn't silver plated. You can buy this acid online. Do a search. Also available to determine the purity of gold. The best way is to look for the sterling on the object of the Lion Passant hallmark.
@MrDigAlot I will consider doing that. But when I take out the weighted are I DO trash the silver pretty much. I end up with a lot of small pieces. I put them inside the base so they will stay with the rest when I squash it down. I compress it down with my boot, like you would an aluminum can. The trick is to do this in a way that it all stays together in the finished product. It just take a little trial and error and practice to get the technique right.
What are your thoughts about the speculative bubble surrounding the precious metals market? Are you investing as a hedge against inflation or so you have some form of money in the event of a total collapse of the US monetary system?
@HeideggersHammer Precious metals are no where near a bubble. I remember people saying gold was in a bubble at $600 an ounce & silver when it was $7. It is as ridiculous to say that gold is in a bubble at $2000 & silver at $30 as it was then. Anyone who understands that the dollar is heading for total collapse, and is aware of the historical role of gold and silver, will realize that. This bull market is just getting started! The people claiming that PMs are in a bubble are out to deceive you.
I only destroy damaged sterling (dented) and not the ones that are in perfect condition, which I try to sell as antiques or vintage to people who appreciate such things. But most of the people who buy this stuff are only going to pay you for the silver and not the item. Still, these vintage and antique items are a part of our heritage so I try to save them, although most will eventually be melted down when silver goes over $100 anyway.
@vspqbd I think you should diversify buying mostly silver, some gold, palladium and platinum. Silver has a much higher upside potential percentage-wise so most of your money should go into silver. Additionally, during an economic meltdown, when people starting bartering, these will be the money. Silver is much better suited for smaller transactions, like food. Imagine trying to buy a loaf of bread with a gold coin. Making change might be difficult, but it would be an easy transaction with silver
@scorpionkings Yes, that is true. But the best way to tell is with the marking (10K, 12K, 18K, etc.) or with an acid test kit. I can often pick up a piece of unweighted silver, like a spoon, and tell you before looking whether it is sterling or silver plated. The sterling is lighter. But this is not very reliable. Again, the best way to tell is with the marking. If the silver is not specifically marked sterling, or 925, or with the Lion Passant, you are pretty darn sure that it is not sterling.
For your viewers: Sterling may also be marked as 925, .925, or have a hallmark of a lion on it. Do NOT buy a piece that says "german silver" , Brazil Silver", or "nickel Silver". Nice video!
@boochieboy814 Good points, but not all lion hallmarks indicate sterling. The sterling lion hallmark (found on antique pieces) is a lion walking to the left with his one paw raised. This is the lion passant (walking lion) found on English silver. I didn't mention it because I didn't want to confuse my viewers who may be novice to the silver marker because they will probably not run into this mark and I don't want them to be confused by other lion marks that don't indicate sterling.
@thenewsurvivalist i have a couple of questions for you, first, where can i buy a scale like that one, and also, where else can i find sterling silver?
@boochieboy814 I just purchased 2 old looking pieces of arabic looking silver, it has the look of being welded together. Both are lightweight and have animals and arabic soldiers on the sides. Do you know about these.
@patriotim12 Regardless of where it comes from, if it isn't stamped "sterling" it is a pretty good bet it isn't sterling. An exception might be very old (antique) items. In these cases an acid test can determine it quite easily & definitely. By the way, some of the "sterling" from the far East and Mexico is counterfeit (marked ster when it is not.) I don't buy "ster" from Mexico because I have been stiffed so many times (I use an acid test when unsure.) You couldn't give me "ster" made in China.
@patriotim12 I bought 2 of them at an atique shop for $5.30. Except for the acid test, everything checks out. BTW I think SILVER may be the currency of the US if the dollar drops anymore. It may freefall to 0 value. God bless you and thanks for the info.
@patriotim12 It would be hard for me to give you an accurate assessment of what you have without seeing a picture of the markings. Although, I think what you have may actually be French.
Hi! I was wondering what valuble metals besides gold and silver might be worth buying? Copper perhaps? And what about gemstones such as amethysts, rubies and diamonds?
Many thanks!
Marsupium 3 months ago
@Marsupium Stay away from gemstones unless you are an expert. The same can be said about numismatic coins. Stay away! The only things to consider besides gold and silver are platinum and palladium. But there is plenty of gold and silver around so I'd stick with those two mostly.
thenewsurvivalist 3 months ago
@thenewsurvivalist Thanks! But what about copper? Wouldnt that be valuble? I mean, when the system breaks down but there would still be people trading stuff with eatchother and if I were to buy a loaf of bread for example with a silver bullion, wouldnt that be a little over priced?
Many thanks!
Marsupium 3 months ago
@Marsupium All commodities will go up in price. You can save your aluminum cans if you want. I don't recommend investing in copper, however, because between now and then copper will not increase in value percentage-wise nearly as much as precious metals will. And BY NO MEANS should you invest in copper pennies, because it is illegal to melt them or ship them outside the US so they are just like holding fiat paper dollars. Buy silver! Forget the rest!
thenewsurvivalist 2 months ago
@thenewsurvivalist Thanks! Will do! And keep up the good videos!
Marsupium 2 months ago
Hi, what do you use to compress them down so neatly and compact? Thanks!
fieryphoenixe 3 months ago
@fieryphoenixe My boot! But first I put it together neatly as best I can so that it will all stay together, bending down the edges with needle-nose pliers, etc. if necessary.
thenewsurvivalist 3 months ago
@thenewsurvivalist Thanks!
fieryphoenixe 3 months ago
Very well put together video and very informative
probrhalo 4 months ago
sterling is my last name Doc wana adopt me :]
wolfcookieo9 4 months ago
Where can you buy silver and gold at Wholesale prices ???
TexazTru 5 months ago
you remind me of the guy from rounders. nice video
chrisatcgh 5 months ago
.925 or pure, now I'm confused.
chightower26 5 months ago
@chightower26 I said pure sterling, not pure silver. Pure sterling is .925. It doesn't take a rocket scientist to understand this.
thenewsurvivalist 5 months ago
@thenewsurvivalist At 3:19, you first mention that the un-weighted dessert dish is 2 ounces 'pure sterling,' then when you put it down, you say "about 2 ounces pure silver" (by accident). That is where the confusion likely came from.
silvermediastudio 4 months ago
Just curious as to what method you used to compressed the compote so nicely. I've got several items that I have removed the weights from and had been considering compressing them to reduce the stored volume. BTW, I do enjoy your videos.
72542 6 months ago
@72542 I use my foot. But first I try to put it together in such a way that it will stay in one piece after it is crushed. Sometimes this involves putting small pieces inside larger ones, bending down the edges with pliers, etc. whatever it takes.
thenewsurvivalist 6 months ago
great video
LUVMAGNUMGUNS2 7 months ago
Hi! I am wondering if there is any idea to buy silver and gold jewelry, such as rings, along with bars and rounds, plated or solid? I am only 17 at the moment and dont have a regular income, nevertheless I have a future I need to secure just like any other working citizen.
Many thanks
Erhard
Marsupium 7 months ago in playlist The New Survivalist Video Library All
@Marsupium Don't buy ANYTHING that is plated gold nor silver. Know what you are buying. It must be marked. Gold filled (GF) is also bad-even worse than plated. Gold & silver jewelry is good, but because of the workmanship involved they usually sell for much higher than their melt value. For that reason I'd avoid them. The best thing to buy is 90% US circulated silver coins that you can purchase at close to melt value. No matter now little money you have you should be accumulating a little ea mo.
thenewsurvivalist 7 months ago
@thenewsurvivalist Thanks Doc! Keep up making videos!
Marsupium 7 months ago
Thank you for posting this vid!!
That creamer is worth $300+ now!! Silver is skyrocketing!!
djkrylon 9 months ago
I think a real spoon will ring much longer, also non-magnetic.
TeamLibertyExpress 11 months ago
@TeamLibertyExpress silver-plated items are also non-magnetic. I don't care if it "rings" or not. If you buy a spoon that is not marked "sterling," you are going to disappointed when you try to sell it as real silver to someone else, primarily because if it isn't marked "sterling" then it is NOT sterling.
thenewsurvivalist 11 months ago
@thenewsurvivalist i disagree some of the ones stamped sterling have wore off for the most part though
brian93ist 10 months ago
@brian93ist If you buy silver items that are not marked "sterling" (or its equivalent) you are going to be very disappointed. You might as well burn your money. Sure the "sterling" can wear off. I have seen it. But I have purchased thousands of ster items and have seen it worn off very rarely. The surest way to tell is an acid test (if you know how to do it.) I suggest you buy your silver from a coin and bullion dealer and stick with rounds and bars or old US circulated 90% and 40% silver coins.
thenewsurvivalist 10 months ago
@thenewsurvivalist they are marked sterling just really wore i hate coin abd bullion dealers a auction or antique mall is much cheaper
brian93ist 10 months ago
@GoldenRing1989 Sulfur is an ingredient in some silver polishes, especially silver dips. It simply means that the item was dipped in silver cleaner-a problem for collector coins but not a problem for sterling silver or scrap silver.
thenewsurvivalist 11 months ago
I'm confused on what he's saying here. He keeps saying, "this is pure silver" but isn't sterling 92.5% silver. How can .925 sterling silver be "pure silver"
rudemood2011 11 months ago
@rudemood2011 I said that this is "pure sterling" which by definition is .925 fine silver. I use the wording "pure sterling' to differentiate it from a sterling item which is weighted. This isn't rocket science.
thenewsurvivalist 11 months ago
@rudemood2011 The 92,5% pure Silver is pure !!!
dennie6666 11 months ago
Investing in copper pennies & nickles is a mistake-the same as paper money. Congress passed a law making it illegal to melt them down to send them out of the country where they could be melted down. No scrap dealer will touch them so you will never get your investment from the base metals contained in them no matter how high prices go. The value of coins will erode away along with the fiat paper dollar, which is why I say you might as well invest in paper dollars. Buy precious metals!
thenewsurvivalist 11 months ago
What about soder? I have rolls of silver soder from when I was doing plumbing (bought in baulk). It says 90% silver. At the time I bought it I was paying about $15 a roll, yesterday when I was at the store I saw the price at $34 a roll.
If I melt it down will it be worth anything or gain any value as silver prices rise?
deadman12078 11 months ago
@deadman12078 It is not very liquid but you can sell it to a scrap dealer but he won't pay you full value for the silver. It is not as good as coins, rounds or bars but if you can get it at a good price (at least half the melt value of the silver it contains) then it isn't bad to have.
thenewsurvivalist 11 months ago
how about a magnet test for a quick test? silver is not magnetic but if it is silver plated the core would most likely have iron.
americanfamilynow 11 months ago
@americanfamilynow No, there is no way to test with a magnetic. Silver plated is not iron but various other metals that are not magnetic, most commonly copper but many others as well. The acid test is very reliable and inexpensive and easy. For the beginner I recommend you go with the markings. Save yourself a lot of heartache by only buying sterling that is clearly marked as sterling.
thenewsurvivalist 11 months ago
Informative video.
Back when I was in high school many years ago, my physics teacher said to make sure you are getting a certain metal, say silver, you can put it in water and the displacement of the water will tell you if you're getting silver mixed with lead etc.
Do you know these values or how will you deal with people mixing metals with other substances to take advantage of the situation?
breakneck14 1 year ago
@breakneck14 The test you mentioned is not practical for most people. What is practical, in fact very easy, for anybody is the acid test. I use it. You put a drop of the acid on the silver & determine its purity by the color of the acid. You have to scrape off or scratch the surface to make sure it isn't silver plated. You can buy this acid online. Do a search. Also available to determine the purity of gold. The best way is to look for the sterling on the object of the Lion Passant hallmark.
thenewsurvivalist 1 year ago
can you make a video showing how to take out the weighted area with out trashing the silver
MrDigAlot 1 year ago
@MrDigAlot I will consider doing that. But when I take out the weighted are I DO trash the silver pretty much. I end up with a lot of small pieces. I put them inside the base so they will stay with the rest when I squash it down. I compress it down with my boot, like you would an aluminum can. The trick is to do this in a way that it all stays together in the finished product. It just take a little trial and error and practice to get the technique right.
thenewsurvivalist 1 year ago
What are your thoughts about the speculative bubble surrounding the precious metals market? Are you investing as a hedge against inflation or so you have some form of money in the event of a total collapse of the US monetary system?
HeideggersHammer 1 year ago
@HeideggersHammer Precious metals are no where near a bubble. I remember people saying gold was in a bubble at $600 an ounce & silver when it was $7. It is as ridiculous to say that gold is in a bubble at $2000 & silver at $30 as it was then. Anyone who understands that the dollar is heading for total collapse, and is aware of the historical role of gold and silver, will realize that. This bull market is just getting started! The people claiming that PMs are in a bubble are out to deceive you.
thenewsurvivalist 1 year ago
Nice, would not have thought about it that way. Thanks.
mahuiki 1 year ago
Great video mate ! Very informative.
THEDROPPEDSOCK 1 year ago
What's the difference between a regular ounce and a troy ounce?and what's the meaning of"troy" if you can explain it simply cause i'm fron Europe.
bobbytza13 1 year ago
this was a very informative video and one of the best iv'e watched to date out of the 50 or so on silver and scrapping.
BuckeyeAdLink 1 year ago
I only destroy damaged sterling (dented) and not the ones that are in perfect condition, which I try to sell as antiques or vintage to people who appreciate such things. But most of the people who buy this stuff are only going to pay you for the silver and not the item. Still, these vintage and antique items are a part of our heritage so I try to save them, although most will eventually be melted down when silver goes over $100 anyway.
thenewsurvivalist 1 year ago
Why destroy good stuff for silver, only use the bad looking stuff.
Tacocat21 1 year ago
Great video!! I make some pretty good cash with scrap silver!! Love the channel!
Theredneckpicker 1 year ago
Thanks for the info! I feel more comfortable about going to estate sales now.
jimbobubbadj 1 year ago
Thanks for the video, Doc! I like your informational videos.
wolfen26 1 year ago
Also, what about investment in gold?
vspqbd 1 year ago
@vspqbd I think you should diversify buying mostly silver, some gold, palladium and platinum. Silver has a much higher upside potential percentage-wise so most of your money should go into silver. Additionally, during an economic meltdown, when people starting bartering, these will be the money. Silver is much better suited for smaller transactions, like food. Imagine trying to buy a loaf of bread with a gold coin. Making change might be difficult, but it would be an easy transaction with silver
thenewsurvivalist 1 year ago
ounces, troy ounces...
Many, why cant' we switch to the metric system already?
Good video by the way.
vspqbd 1 year ago
Isn't the purer the silver the liter it weighs? Compared to gold, the purer the gold the heavier it weighs!
scorpionkings 1 year ago
@scorpionkings Yes, that is true. But the best way to tell is with the marking (10K, 12K, 18K, etc.) or with an acid test kit. I can often pick up a piece of unweighted silver, like a spoon, and tell you before looking whether it is sterling or silver plated. The sterling is lighter. But this is not very reliable. Again, the best way to tell is with the marking. If the silver is not specifically marked sterling, or 925, or with the Lion Passant, you are pretty darn sure that it is not sterling.
thenewsurvivalist 1 year ago
oh and by the way, thank you for posting this, it was very helpful.
maximusTLP 1 year ago
For your viewers: Sterling may also be marked as 925, .925, or have a hallmark of a lion on it. Do NOT buy a piece that says "german silver" , Brazil Silver", or "nickel Silver". Nice video!
boochieboy814 1 year ago
@boochieboy814 Good points, but not all lion hallmarks indicate sterling. The sterling lion hallmark (found on antique pieces) is a lion walking to the left with his one paw raised. This is the lion passant (walking lion) found on English silver. I didn't mention it because I didn't want to confuse my viewers who may be novice to the silver marker because they will probably not run into this mark and I don't want them to be confused by other lion marks that don't indicate sterling.
thenewsurvivalist 1 year ago
@thenewsurvivalist i have a couple of questions for you, first, where can i buy a scale like that one, and also, where else can i find sterling silver?
maximusTLP 1 year ago
@boochieboy814 I just purchased 2 old looking pieces of arabic looking silver, it has the look of being welded together. Both are lightweight and have animals and arabic soldiers on the sides. Do you know about these.
patriotim12 1 year ago
@patriotim12 Regardless of where it comes from, if it isn't stamped "sterling" it is a pretty good bet it isn't sterling. An exception might be very old (antique) items. In these cases an acid test can determine it quite easily & definitely. By the way, some of the "sterling" from the far East and Mexico is counterfeit (marked ster when it is not.) I don't buy "ster" from Mexico because I have been stiffed so many times (I use an acid test when unsure.) You couldn't give me "ster" made in China.
thenewsurvivalist 1 year ago
@patriotim12 I bought 2 of them at an atique shop for $5.30. Except for the acid test, everything checks out. BTW I think SILVER may be the currency of the US if the dollar drops anymore. It may freefall to 0 value. God bless you and thanks for the info.
patriotim12 1 year ago
@patriotim12 It would be hard for me to give you an accurate assessment of what you have without seeing a picture of the markings. Although, I think what you have may actually be French.
boochieboy814 1 year ago
very helpful thank you
motoceg 1 year ago
This is a great video! I have always wondered about Sterling....and you solved the riddle. Thanks!
ryman1075 1 year ago
we love when someone share knoledge. thanks
laverlib 1 year ago
good vid
littlegiantkennel 1 year ago
Thanks, very informative
watuwaitn4 1 year ago 7