What The 2023 Financial Crisis Means For Gold & Silver ► https://youtu.be/yrT9CzbOQdI Tips for new gold & silver stackers. Topics covered: history of precious metals, premiums, types of bullion, tips I wish I’d known. 💰 Great prices on silver bullion at SD Bullion ► https://sdbullion.com/smartstacker 🧼 Use coupon code “stacker” to save 10% on nanosilver powered personal care products from Silver Botanicals ► https://silver-botanicals.com 🟢 Join Other Smart Stackers On Reddit ► https://bit.ly/3c4ZJLb 📣 Follow me on Twitter ► https://bit.ly/3ugCoLx 📷 Follow me on Instagram ► https://bit.ly/3ubjs0V I am not a CPA, attorney, or licensed financial advisor and the information in these videos shall not be construed as tax, legal, or financial advice from a qualified perspective. Some of the links provided in this description are affiliate links. If you make a purchase using one of those links I may receive compensation at no additional cost to you. Thank you for supporting this channel in this way, or any other! Video Breakdown: 00:00 Getting Started With Investing In Precious Metals 01:24 What Are Precious Metals? Gold & Silver Have A Long History As Money 05:21 Different Types Of Gold & Silver Bullion – Coins Vs. Rounds 12:16 Stacking Silver Bars 15:40 What Is The Gold & Silver Spot Price? 18:19 Precious Metals Manipulation & COMEX Musical Chairs 23:34 Gold & Silver As An Inflation Hedge 27:05 Other Reasons To Stack Gold & Silver 28:17 Quick Tips For New Gold & Silver Stackers #silver #gold #beginners #preciousmetals #silverstacking #stackingsilver #investing #stacking
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The denomination on the coins isn’t just traditional it’s the technicality that makes it a coin/currency and that’s why at least here in the UK only our coins are protected against capital gains tax which essentially forces us into helping our economy
I did have 2 questions I was hoping could be answered (great video, by the way):
1. If I go online or to a local coin shop — would I expect them to be offering “real time” pricing meaning, for example today 5/11/23 silver futures are down 5% on the day and are trading at $24.50/ounce. Would I expect prices to be 5% lower in the shops and sites than they were yesterday? Taking premiums into account of course.
2. If I buy some silver rounds from a local shop at, say, $3 above spot price, would I expect to be able to sell those back at the same price the next day? Like if the underlying spot price has not changed would I be able to sell back at a break even? Or are the shops willing to sell at 1 price but they will only rebuy at another (lower) price?
Thanks
yes most sellers will update prices in real time. No, when you buy you won’t be able to sell for the same price. The bid/ask spread is how market makers like bullion dealers earn a profit for their efforts
@Smart Silver Stacker will they pay spot when buying it back? Or what is typical whenever you were to go to sell it? I understand the purpose of bid/ask but the spreads seem insane. It seems common to pay $3-4/ounce premium for silver for example which is a 15% or more spread. So I’m trying to get a gauge on how much price appreciation do you need to at least break even, let alone make a profit, on a sale?
Investing in gold I think is a wrong term. Is saving in the form of precious metals
Wait what?! Why would I have to pay what you called “capital gains tax”? What the hell is that?! I bought my silver with my hard earned money that I already got taxed on when I made it, yep, the theives that they are stole money that I worked my ass off for, they weren’t there and did none of the work yet took money from me. Yes, I have Asperger’s, so my mind works differently than the average person. Anyway, no! I’m not paying more tax on top of what I already did if it comes to needing to sell my silver in increments to survive the coming One World Order apocalypse.
“There is nothing they can do to devalue” … while this is true, that there is nothing that they can do to devalue the overall value of precious metals, they can devalue it for your with a gun and your address. That is the greatest risk, that YOU are responsible for the security of the asset.
It is a bit tough to find shops like that in EU, would you recommend anything?
i bought my first two oz of silver td!
Thanks for the information. I collect antique sterling, (flatware, small hollow ware items.) Sometimes you can pick it up at auctions for little more than melt value. As with your coins, it is fun to collect.
Lots of great advice here.
Great content.What coin is that on the right with eagle flying above sun. I found one when I was a kid at the park and always wondered what it was. Thank you
Thanks brother I just started this week!
Haa taxes
Is it worth it to invest in vintage silver bars (e.g. Engelhard, A-Mark, etc.)? Do their value appreciate over time compared w/ the usual government bullion stuff?
Did this guy say keep a spreadsheet so you can pay taxes?
what’s wrong with tracking data
Where can you sell coins and bars back to if you needed the cash. Im in uk so probably be different here.
How many ounces of silver for every ounce of gold, would you recommend?
I just started stacking last Friday, for wealth preservation, and I think I did alright at my LCS (with their guidance and the research I had done at the time), but this is a really informative video. Thanks for putting this out.
B.C broooooooo
not the current terminology
@Smart Silver Stacker I know. It’s part of the agenda you’re a smart guy don’t fall for it.
Great video bought my first queen Elizabeth silver coin
Good choice!
So.. with now knowing how spot price is derived and that it isn’t based on physical silver, how does one sell 1oz of silver for its physical price and where do you find the price of a physical troy ounce of silver? I’m sure most buyers of (your, my) silver are going to want to pay the spot price.