No one is buying Gold right now… but should we be? The Gold Price has been hovering around the $2000 range for over a week, but the owner of @minotcoinbullion says that sales have been basically non-existant! Today we discuss this and MORE with our Bullion Dealer Josh from @minotcoinbullion , who has some GREAT insight including Gold vs Silver, How current world events could be affecting Precious Metals and more! Be sure to visit Josh’s Channel and give him a Sub Here! ▶ @minotcoinbullion! Check out Doc’s Deals at SD Bullion for Great Weekly Specials! ▶ https://bit.ly/ssdocsdeals Check out SD Bullion’s 500 Silver Eagle Monster Box Sweepstakes! ▶ https://www.sdbullion.com/SilverSeeker Want to Support the Channel? —————————————————- BE SURE TO: ╔═╦╗╔╦╗╔═╦═╦╦╦╦╗╔═╗ ║╚╣║║║╚╣╚╣╔╣╔╣║╚╣═╣ ╠╗║╚╝║║╠╗║╚╣║║║║║═╣ ╚═╩══╩═╩═╩═╩╝╚╩═╩═╝ ▶ Become a Channel Member! http://bit.ly/supportss – Channel Memberships include awesome benefits for supporting the channel, so be sure to click and check them out!s Get your Silver and Gold Coin Ping Tester! ▶ https://coinpingtest.com/referral/qQ1MbVIR/fsKvkWqqL5Y0gYn3 *This is an affiliate link, so buying a Ping Tester through this link supports the channel! Check out my Online Store for Silver, Collectibles and more! ▶ https://shop.coolstax.com/ Curious about the equipment I use for my videos? Visit this link to find out what I use in my setup! ▶https://coolstax.com/products-that-i-use-and-or-recommend/ Check out these Epic Links Below! _________________________________ ▶SUBSCRIBE! http://bit.ly/2Pa3y0n ▶INSTAGRAM! http://www.instagram.com/coolstax ▶DISCORD! https://discord.gg/silver ▶My Website: http://www.coolstax.com/ ▶My Patreon! https://www.patreon.com/silverseeker ▶Disclaimer: https://coolstax.com/youtube-channel-disclaimer/ ________________________________ Credits: No One is Buying Gold? Coin Shop Owner Says Sales Have Plummeted! https://youtu.be/dQy32zZRVfM #goldstacking #silverstacking #goldprice
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Thanks again for the call. Speaking with some other dealers about Gold, they echo my sentiments that they are getting overloaded with Gold as well.
Always a pleasure thank you for joining me!
People need cash
IMO, what is developing in the Middle East with Israel will be the catalyst for stackers we have been waiting on for 75 years. I’m not rejoicing nor anticipating with glee, but these events that are playing out world wide are the reason I have been stacking for 20 years.
agree..
I figured they were having a bit of trouble selling it. Because the big online dealers are offering lots of low spot price deals.
Buy what you can afford and stash it away. It don’t go Bad and it don’t eat anything
Gold hit about $2060 in 2022 when the Ukraine war started up, during the banking crisis of Mar 2023 it hit about $2050, it’s hovering around $2000 now during this Middle East conflict. That’s two global issues and a severe US issue (3rd largest bank to fail) and gold couldn’t break out. Josh is wishful thinking. Precious metals are stuck. I’m not convinced global issues drive them as much as he thinks. One of the problems for metals is crypto and the investor age gap. When these Bitcoin spot ETF’s get approved I think you are going to see way more investment capital going into them then metals.
People are selling their gold because they need money. Pretty simple
Unless you plan on holding it for a long long time buying gold and silver doesn’t seem very smart because a private party will never be able to sell at the price they pay for it because you don’t get premiums when you sell as a private party you’re lucky to get spot price
He hit the nail on the head, I was planning a large gold coin purchase but waiting for a ck, gold went down around $1800, by the time I got the ck then waiting for it to clear gold was $1990, I wasn’t happy but had the money and my gold guy was expecting
This is just his anecdotal experience. Explain the gold that Costco sells, that will sell out within seconds. Witnessed it yesterday. The 100g, 50g, and 20g pamp bars sold out in SECONDS.
I was at a Coin Show today, entire time I was there I didn’t see one single person sell Gold the entire time I was there. One of the dealers I talked to did say it was selling, but I didn’t witness it. Full cases full of Gold Coins, Bars, etc… nothing.
@Silver Seeker I certainly believe you, but that’s still a one off event. How is it that online bullion sites have lower inventory, and Costco is selling out within seconds every week on Wednesday Thursday and Friday? People are buying, there just isn’t mass hysteria and fear since the current administration keeps lying & fudging jobs data etc. I hope we never see hysteria, however, with the Fed pausing again, it leads me to believe they know they’ve screwed up & are just waiting to see what breaks next.
Expecting me so made the purchase anyway, not happy about it, I could got 2 more 1 oz coins for that price. So fingers crossed 🤞 it takes off but who knows, all the signs are positive for it
People are hurting and need capital… They need the money. Times are tough and it’s going to get worse.
“Silver is less than half of its all time high”, says Josh – and so what? Thanks to manipulation silver hit $50 for ONE day back in 1980 and immediately dwindled past $35 down to $5. With all due respect, fellow stackers: Do not use the $50 as a price target for the future!
I agree… i think he was referring to 2011 though. I also never consider 1980
Finally love hearing Josh, speaking on Gold….thanks for the new video.
I heard the same about silver. Maybe most people went broke no one has money to buy gold and silver they have to use what money they have to survive and buy food
Aannnnd when $2100 breaks and gold starts running to find its new all-time-high, the buying fomo will begin.
Great information. Thanks for sharing.
Hi Seeker – I enjoy your content and your conversations with Josh. He’s a smart, stand-up guy. I do have a couple of comments regarding his recommendation of silver vs gold. I know he says it is just his opinion, but he does admit to having a strong bias and being a silver guy at heart. And it is the core of his business so his advice is hardly unbiased.
My main problem ,and somewhat of a pet peeve of mine is Josh admits to being a “ratio” guy. I thing the gold/silver ratio is the worst metric to possible use in a purchase decisiion. Sure, maybe the average now might be 60-65 but just look at a historical table of the “average”. It’s a rollar coaster with unreal volitility, variance, and a super high standard deviation or whatever term you like. And the general trend for years has been increasing. Also, as recent as 2020 the ratio was 126. With the world situation such aa it is, it seems to me we are much more likely to encounter similar conditions going forward . Add to the fact the tremendous quantity of gold central banks are stockpiling, it seems more likely or at least as likel;y the ration could easily be 125 -150 in the near future making gold a better buy.
Many Countries around the world are causing very high inflation on the people, sucking the gold from them, just a different way of getting it, very smart.