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Buying Silver Ep. 3

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Uploaded by on Mar 12, 2008

Now that i've bought silver, i've decided to bring our endeavor to a conclusion.

New Account: http://www.youtube.com/user/PhewInvesting

I will release the first video about investing in silver soon. When the first video is out, I'll delete this series. My new series will have videos that are about the whys and hows of buying silver, and the history of the US economy.

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Howto & Style

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License:

Standard YouTube License

  • likes, 3 dislikes

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Uploader Comments (eaallday)

  • there are is no tax on gold and silver yoiur getting ripped off

  • Really? Is there a place I can buy it (less than 1000$ worth) that doesnt charge tax?

  • HI I want to ask when u do buy silver or gold as an investment.. how do u cash them out for money later?

  • You return to the place you bought it from and they will buy it back. Or you can sell it on ebay. There are always people looking to invest.

  • Did you know if you buy $1000 or more worth of silver or gold that you don't have to pay sales tax?

  • Correct. But I wasnt sure if that was only in California.

Top Comments

  • you're not making 'profit' you're just maintaining your purchasing power. if silver jumps to $40 next year, did you double your money? not if everything costs twice as much. good move though. the dollar is doomed.

  • you do realize that silver is untaxable right?

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All Comments (33)

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  • I'm new to metal buying.

    Is it normal for a dealer to have bid on his website for 1 oz of silver coins at around $ 12 but when it comes to the actual sale, the price of it magically turns into $ 16. ( I mean the dealer advertises both prices: the $ 12 which Im assuming is the current market price but also the $ 16)

    Is this $ 4 difference some kinda spread, or commission etc. Or is it just a typical rip off?

  • loosers. Every smart investor on this planet knows that silver is on of the best investments of the next years. But the small stupid guys on the street have no clue about this chance of a lifetime. I hate you stupid damn hard working loosers. Why do you hate to make money and love to work money? i Hate working, fuck working. i am an investor.

  • You had to pay TAX! on silver? What?

  • LOL, he bought wen silver wuz 20,50 usd/oz, now its 10,60. well let me tell u thiz, the dude hasent made jack shite.. thaz wuz real.

    him gotz 2 empty pockets and a fake smile.

  • This guy loves buying silver. And he makes it seem so simple even I'm going to try it!

  • So you take money and buy things with it? Interesting! I'm a little scared but I'm gonna try it!

  • Elias is the man! We don't have to pay tax on US currency silver, which the silver eagles are in Florida. It's actually nice now that silver has gone down so I can get more cheaper. I like the Mercury Dimes and other "junk" silver. Morgans and peace dollars are great too. Canadian Maples are nice. The Northwest Territorial Mint is a great place to buy bars and other silver coins. I have had no problems with them. Just be prepared to wait!

  • ive gone to many coin shops and Ive never been charged tax. the receipt always said how many oz I bought and the price per the oz. Silver is a great investment right now

  • I liked NWtmint, I bought over 200 oz and Ive been very happy with my purchess. Takes awhile to get your silver though. Took them a month to get it to me, but what can you expect markets dried up. but ya yo can buy small amounts off of them, 1 oz if you want to but then you have to pay 10$ shipping so you wanna buy a good amount

  • there is actually many places all over the U.S....

    try nwtmint(dot)com

    they sell silver/gold for pretty cheap and only $10 shipping for and order below $250

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