Silver Bullion | What do People Know About Silver?

[elvisflorian]

Oh well more for me

[elvisflorian]

Horrible people have no knowledge on silver

[bammbamm12]

If silver is in a bubble, how is it that so few people know anything about it?

[Begbucks]

Wonderful video, Take it to a store & see which clerk will accept it for it's silver content vs face value as in the case of silver change too .

But otherwise easy pickings at 4:11 lol...

[QualitySilverBullion]

@Begbucks That would definitely make for an interesting video. There was some one that was arrested for trying to spend NORFED Dollars. NORFED was a company that sold silver certificates for silver holdings as well as silver rounds and advertised them as currency. I think the story goes that a police detective overheard the conversation and arrested the person for using counterfeit money. NORFED has since been shut down by the fed.

Just a useless piece of trivia. Thanks for the comment!

[Begbucks]

@QualitySilverBullion You're wetting my appetite, once a nondescript spy camera with quality audio enters the equation, I'm game.

[DeeHong]

The guy at 2:14 just made my day! "Because some has too much money they dunno what to do with it so they buy a bunch of these and put them on a plaque and hang them around" LOL

[EMPIRE0FLIES]

APMEX banks with JP Morgan. I knew they were dirty!!!

[warmachine2012]

Thank you for your reply to my question. I have another one:

If something is a replica and says replica or is a copy and says copy, would that be worth my time even though it does say .999 fine silver or 1 troy ounce file silver?

[QualitySilverBullion]

@warmachine2012 To comply with the US Hobbies act against counterfitting when making an exact copy of a US coin, the word "Copy" or "Replica" need to be stamped on the medallion. Or the size of the replicated piece can be increased or decreased so that it is obvious that it is not legal tender.

If you see those words on a silver piece it is likely that it's an exactly replica of a US coin. If it's not a replica of a US coin then I would do some extensive research on that piece before buying.

[HyperReport]

This video, among others, shows how sad the state of American general knowledge of fiscal policy is. In the future, a good question would be: "Can you please name the characteristics of Money?" That might get people thinking.... Unless they are more concerned about Britney.

[warmachine2012]

Thank you for your reply.

Another question: where is the best place to buy .999 silver? Ebay? Coin Dealer? or the Mint itself?

[QualitySilverBullion]

@warmachine2012 Wherever you can get the BEST product for the BEST price. This is the time for you to do some shopping and research on silver products and silver suppliers. Find for yourself what you feel the best about.

Sorry for the generic answer...

[warmachine2012]

What is the best silver to buy?  The dollar coins? Silver bars? Rounds or ingots-what ever these are?

[QualitySilverBullion]

@warmachine2012 I personally would lean towards bullion rounds, but let me just share some pros and cons and you decide:

US Silver Eagles ($1): PROS-They are widely recognized. CONS-When buying from a dealer these cost between 12%-16% above the spot price, but when selling back to a dealer they would pay between 2%-%5 above the spot price.

Silver Bars: PROS-Can sometimes buy them at a lower premium above spot. CONS-When liquidating, you have to sell all or nothing.

[QualitySilverBullion]

@warmachine2012 Silver Rounds: These are minted by private mints (non-government rounds). PROS: Can purchase them for 8% above spot and even for as low as 2% above the spot price depending on how much you purchase at a time. When liquidating you have the option to sell them in small increments. CONS: When selling them back to a dealer some only pay about 1% BELOW the spot price. They aren't as recognizable as US silver eagles.

Those are rough numbers, but you can begin to see what is what :-)

[redmatrix]

Okay I give up. What is the correct answer? What does a tri ounce of .999 silver cost, or is worth, or is valued at? The video, or description don't reveal this.

[QualitySilverBullion]

@redmatrix At the time these people were interviewed it was around $17 per ounce. Now it is currently at $30.17 per ounce.

[redmatrix]

@QualitySilverBullion Thanks. Is that what you call spot price?

[QualitySilverBullion]

@redmatrix Exactly. The spot price is the market price for a troy ounce of silver, but when buying silver it is usual that you will pay a minting fee above the spot price. A troy ounce is 1.09714286 regular ounces. Precious Metals are usually weighed in troy ounces or grams :)

[xkev1980x]

Great video seems a lot of people don't know a thing about silver. As people catch on that should increase investment demand. Your sister is pretty hot too!!!

[xkev1980x]

Great video seems a lot of people don't know a thing about silver. As people catch on that should increase investment demand. Your sister is pretty hot too!!!

[MrHeadlessmusician]

silver is worth money because it has many uses.

[PastorDowell]

It is amazing how ignorant and dumb down the people really are, but it is no suprise to me. Dumbness is the American way. After all we have been trainined by the best mind control schools.

[RunsWitGuns]

so in other words people know fuck all about silver

[1776Rosco]

Ha! Amazing and sad. I'm buying all I can with paper while I can. Thanks QSB!

[18wheeler76]

hi Jim,ive been buggin Mike 2 much so i would like to ask my other favorite silver person a question,in the end when silver is say $100 ounce even know we both know it will be way more than that,when we liquidate our silver are we gonna have to trade it for fiat or goods and services or ?.thanks alot for making the nicest rounds,and taking the time to personally contact me when i accidntally clicked the submit button 4 to many time on my purchase.

[QualitySilverBullion]

@18wheeler76 Good question! I don't have a chrystal ball, but let me share my thoughts: In 1980 when silver peaked at $54, in some cases people liquidating could get about $30 an ounce. If and when silver goes to $100+ I would suggest you do with your silver what you can get the most out of it. If you feel that dealers aren't paying up to par, then trade for goods. If fiat currency is still alive, and is still accepted, then you might need to transfer your silver into paper to get goods.

[QualitySilverBullion]

@18wheeler76 That's a hard questions to answer, because everyone's circumstances are different. In some parts of the country liquidation into fiat currency might be easier and give a better return than in another part of the country. It's important for us to pay attention to our surroundings and go with our guts feelings when it does happen.

I'm sorry that might not be the best answer, but it's all I can give at this time. It's nice to hear from you and take care!

[billholb1974]

Your sister is cute Jim! she single ? lol,,

[Ddvex]

This just comes to show HYPERINFLATION will produce the TOTAL COLLAPSE of the system.

Average people will be caught completely off guard.

Silver and Gold will NOT act as a save haven!!!!!!!!!!

[QualitySilverBullion]

@Ddvex thanks for the input. Why is it that you say silver and gold will not act as a safe haven?

[Ddvex]

@QualitySilverBullion The world is globalized. Every country on Earth is connected through trade, and for that to the dollar. The coming hyperinflation of the dollar will generate the collapse of all the fiat currency system. Given that silver and gold aren't pervasively own, they won't substitute fiat currency immediately, and therefore will bring the whole productive chain to a complete halt. There will be no goods and services around to buy with silver coins. Only widespread SOCIAL UNREST !!

[4rcane]

this is a nice video. Get man on the street view on silver and maybe educate a few ppl who don't know about the silver story

[Anothercoilgun]

Keep up the great work.

[Standingwithfeast]

This shows why the U.S. government is the way it is today, and why our economy is the way it is today. Our people perish without knowledge. O boy.

[Hendo1974]

Unbelievable ignorance! Never stops to amaze me!

[eddiekoski]

This gives me a good idea maybe you can make custom rounds in large quantities. I know dies are very expensive but if one day I own a company maybe a silver round saying employee of the month on something like that or favorite customer.

[karmiclaugh2]

To continue, the US will probably in a deflationary period, until such time as unemployment returns to normal levels. So, "they" say.

Hence, we still have time to accumulate silver and other commodities, ahead of the Big Inflation. Still, do not put all your eggs in one basket. Diversify. Commodities, like Silver, Oil, Gas, agriculture,lumber, companies that mine Silver, companies to advance the new smart phone and internet technologies.

NOTE: Stock prices also inflate during inflation.

[karmiclaugh2]

I believe in silver as a hedge against inflation and protection against dollar collapse.

While my brain still cannot conceive of a dollar collapse imminent(the dollar is still a haven,  European countries are economically worse and it is China that will experience the inflation first(I.E. China to raise rates soon) while the US is still in deflationary mode. STILL, Inflation Always comes after recessions, so silver is one of the easiest traded commodities to own as inflation rears it's head.

[JimboJammer1]

Great Video only 3 %  of the people are up on Silver and have some.. the other 97 % know all about American Idol and Tiger Woods... and Brittney's new dress she bought..

[JRCrowley]

Your silver is awesome guys, keep it up. I've got one of your buffalo rounds that I picked up for fun in a Gainesville order. Going to pick up more soon.

[Negativerything]

Even though I'm Canadian and you guys don't ship here, I still support you (if that's possible) or rather the idea of silver as an investment. Just today, I had nothing better to do so I went to my local mall and tried to trade a silver canadian maple for $5 (because of its face value) and not one person took it or believed me. In fact this one guy threatened to kick my ass (This mall is in a pretty sketchy neighborhood) if I asked anyone else. Naturally, I stopped.

[lucky43113]

Great video just shows how clueless that the people or should i say sheeple really are but more are waking up any day. Go Jim you and your company rock.

[MoneyBags73]

Nice Video! Just went and bought some silver yesterday. Feels so good to trade my paper for real money that holds it's value. 1964 90% quarter bought a gallon of gas then and still will now since it is worth over $3.00.

[Silveracity]

@MoneyBags73

$3.12

[von32897]

Man, that is so sad. It's like a version of man on the street. Sad to see that the global elites have succeeded in dumbing down the population. Feel so sorry for those people when the dollar collapse.

[AEKARA27]

Can't said it any better.  Billions of sheep ready for enslavement and happy to play along.

[shnozzel12]

i just talked to a guy at the coin shop.he was cashing in two gold eagles,He said he just bought them for 200 bucks.....nice profit...Why cant i run into these people...

[DirtyVegas7]

1:59 this guy was very serious about what he said. He meant that.

[Indigozek]

Guess you should start selling coins for $50 over spot!!

[davincij15]

I love the sound of silver hitting the table.

Those people don't know anything that was not told them on TV.

[awakesleepinggiant]

I need to buy more silver, but i'm trying to payoff my credit card first. I already paid off my car so once I get rid of this credit card I'm going to buy a whole lot of silver. I also try to spread the word about precious metals, but people are still not getting it. I guess they need to learn about the FED first and how fiat money works before they'll believe anything about metals and their true worth.

[JOConnor100]

It does not surprise that people are clueless about silver and gold?

[DirtyVegas7]

People are really devoid of any real logic when it comes to metals and this video was a real eye opener.

Many people in this video will be slaughtered when hyperinflation hits. I almost fell sorry for them.

Thanks for sharing this video QSB

[pookypoo77]

OMG this is the 3rd video ive seen showing how people know absolutely nothing about PMs

[WhyMeWhySilver]

Great Video Jim Little! I guess it's safe to say that the number given by silver analyst of only 5% of our people actually invest in Precious Metals can be considered as true huh? There's a BIG market out there for Quality Silver Bullion. Go for it!

[intersurfing]

Unbelievable!!!! I didn't realize how ignorant people still are about precious metals. This was a real eye opener, Thanks for the vid...

[vangalex]

brilliant, great insight, what tradeshow was that?

[jpeacock84]

Thanks Jim!! I like how you got your sister to throw in alittle advertisement for you!! :)

I'm looking forward to buying lots more silver from you guys!

[deke76]

The longer people stay like this, the lower the price of silver, and the more I can buy!

[connectingdots1]

Thanks Jim!

That just proved how much people are clueless when it comes to the economy,the value and role of Precious metals during times of a currency crisis.

load up gentlemen the prices are still low!

[Raycheetah]

People have been so separated from silver and gold being MONEY that they have become habituated, over the generations, to think of fiat paper AS money. Consequently, they only have a vague notion of what silver is, and its worth.

The Founding Fathers would be appalled. ='[.]'=

[DubDueces07]

It's crazy how many people don't know about precious metals

[NovusChaoMundi]

Notice everyone who holds it starts to rub the coin and you can see a spark in them come to life

[WhyMeWhySilver]

Yeah....it's like it's in their DNA LOL!

Lay a silver bullion coin down on a coffee table along beside a dollar bill and see if the toddler don't pick up the shiny object first. LOL! It's sub-consciously in our DNA. :>)

[xampton]

Oh sweet. I was worried people were catching on. Hope silver stays low a little longer so I can buy a bunch more.

[Lexi8888]

We were all in the dark until the light came on. Hopefully, their lights will come on before it's too late!

[feegeit]

You would think in Utah they would know more about silver.

[odin422]

Very funny and informative.