SILVER PRICE SHOCK!! 📈 Dealer Warns What Might Be Next...Are They About to "Change the Rules"?!
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- čas přidán 18. 05. 2024
- In this video my bullion dealer discusses the shocking spike in silver spot price and wonders if the COMEX will change the rules on their over-allocated physical silver. Will they require less silver to be on deposit for redemptions? Will the silver spot price be beaten down in the commodities market on Monday? Or will silver hold above $30 an ounce, on its way to $40, or even break its all-time-record high over $50 an ounce?! Tim Marschner of The Coin and Stamp Shop shares what he thinks is likely to happen with the spot price of silver and discusses silver and gold bullion with a line of customers in his local coin shop. He also gets a fascinating visit from a silver stacker from Australia! We also discuss Macquarie Bank in Australia going completely digital with not cash and not checks available in their branches, and I show a shocking clip of President Joe Biden's economic advisor, Jared Bernstein, as he tries in vain to understand the role of currency printing by the federal reserve and how the government sells bonds for deficit spending. Never before has stacking precious metals been as important to do as it is today. Protect yourself from out-of-control governments, evil central banks, and the failing US dollar's grip as the world's reserve currency. Make sure you build a stack of silver rounds, silver bars, silver coins, and gold coins as essential barter and wealth preservation!
Tim Marschner
The Coin and Stamp Shop
300 Granite Street
Manchester, NH 03102
(603) 624-4400
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#Silver #MoonShot #HoldTheLine
Love to see Australia's bullion represented and appreciate the shout out! If anyone else was curious, the micro letter on the 10oz kookaburra is located on the far upper left of the mountain range along the bottom of the coin!
THERE you are. 😂 I was wondering if you’d catch this video. 👌🏼
@@YankeeStackingHiding like the micro letter! 😂
I just recently bought some Australian currency with Koala bears on one side and Charles on the other side. I guess they are limiting the minting to 300,000 of them
I just sold 500 oz of Australian silver in California. I checked around.No one would give me close to spot. I had to settle for 3.00 under spot for koalas. 1 ounce 2020 coins. But still got spot on my eagles. I got same price for generic silver as koalas. Never again will I pay high premiums on any silver. I will buy generics from now on. Lesson learned
Bullion now! Best dealer in Oz! 100%
The Aussie gentleman was extremely happy to get the silver that he got. Tim is such a great guy.
Bought most of mine in70 and 80s I'm happy to sit back and watch the show
You mean you'd watched silver price hit $50 in January 1980 and you did nothing!
Lol. 🤣
@vincentyeo88 ya it went down before I could count it all
$178 gold here…
I am gonna sit back and watch to brother.
All of the silver shops and coin dealers around me have no silver and were willing to buy my 100 ounce bars for spot - I feel like that’s a good sign
What state?
@@jakedaman790 Massachusetts . Not sure if that’s why ?
Taxachussetts
@@KaidonSalter4Heisman trying to get out 🤡
Only spot? Do they go below spot? How far?
My mom has been stacking since before I was born and I will be 60 this year.
Dam, that’s gotta be a mountain stack.
❤yay mom
Happy Birthday, Me too.
Your Mom is very wise. 💰💰💸
Yu mom single ?
OH GEEZ! It hasn't gone up that much that i'd even think about selling any of my silver.
I'm still buying despite my newbie-ness...! I'm in it for the long-haul. So, why stop now? (I haven't reached the vested goals, I set for myself, yet!) Besides, 20% of a hundred-grand, now, is pretty far off, despite my past successes....
yep me too longterm...waiting for $600/ounce
I'm in long term as well. Still buying when I can and plan to make a purchase soon. My second reason is saving for SHTF scenario.
Longterm
Debt 163,8 million a minute
1 trillion debt 100 days
Collapse coming closer
It's insurance also only sell if need the money or to get some land but always good idea to keep some for insurance for shtf situations
Forget about the gold to silver ratio and buy both. The math requires the dollar to hyper inflate- we just don’t know how quickly because we are living through it. War is the unknown outlier. Food production is my number one investment advice. Infrastructure around here is #2- fencing, irrigation, out buildings, etc. Gold and silver are on my buy list but down a ways. I do enjoy watching.
The Comex can't stop this. The Shanghai is showing a 7 to 10% premium. As long as that happens, people will short Comex and then either take physical through the LBMA as an EFP or they will arbitrage it against the Shanghai. The days of the Comex writing 100 paper contracts for every physical ounce is almost over. That is why silver is breaking out. Comex was never designed for physical delivery
👏 👏 👏 👏 👏 👏 👏
This would be a good time for a couple of guys like the Hunt brothers to come in and buy ridiculous amounts of silver to further stress the paper markets.
This arbitrage has been happening for months. Every morning the London market opens and the price drops. Sell in China overnight and then wait for the western markets to drop. Buy at the end of the day then sell when the Asian market opens. It’s been an easy 2-3% arbitrage but it will end at some point. London cannot keep fulfilling paper orders.
Comex was made for fraud, but if people start demanding physical delivery, it will start to fall apart. What percentage needs to ask for delivery to break it? Not sure.
ARBITRAGE!!!!!!!
I just want to say Thank You to Yankee & Tim. My wife & I took a side trip while visiting family in New Hampshire (we're from Michigan) and had a nice visit at the Coin and Stanmp shop just over a week ago. Tim, she loves those post cards. And I forgot to especially thank you for the "2's". Yankee, keep up the wonderful content. I always enjoy watching your videos.
Hi!! So glad to have met you both. 😊👌🏼
I don't know what this week is gonna bring, But I ain't selling! When it goes up, I buy less. When it drops I buy more. When it drops a lot, I buy A LOT more. It's a savings account I don't need to touch for 15 - 20 years 🤞
Hoping for a price smash. But I suspect it'll consolidate before another big move. But, anything's possible.
Really missing 18 - 20X face for 'junk' silver
I really like the gentleman from Australia! Great Guy!
I greatly enjoyed this video, the gentleman from Australia was a great guest! I have been stacking since 2014 and I have given away a lot of ounces of silver to family and friends in the past 10 years🙂👍
The Aussie's glee at trading a 10oz Kook for the 10 oz Pamp proof bar was adorable!
I agree, Denise! 😊👌🏼
We have a healthy stacking community here in Australia. Remember we are a YUGE producer of Gold as a country as well.
We in the US love Australia. Your gold mining and metal detecting are legendary!
🇦🇺👍
We love Australia (from Hawaii). Really glad to hear other countries stack precious metals to offset fiat!
Nice to hear an Aussie accent and to see our lovely Kookaburra! Our local bullion shop does a roaring trade. Especially among young folk which is good to see!
If you have Irish (Dublin hallmarked) sterling silver, it's worth well above the spot price. If you have Limerick Sterling Silver it's worth 20 times over spot and maybe more depending on the silversmith and condition etc. Please don't melt potentially important historical Sterling Silver without checking.
Many Sterling Silver marks are difficult to determine and may appear to an uneducated eye unimportant so look out for "STERLING" or "STARLING" with initials for makers often stamped 3 times with no official "Assay" Crown hallmark dating back to 1700's or even earlier.
What about sterling Han made in Italy
Irish silver value far exceeds its melt value. Always will.
I've got James le Bass (dublin 1830) silver for sale. 357gms. How much is it worth?.
@Jimjoe12 that's a small amount of silver, I would pay $120 that seems fair. But then again if Irish silver is worth more I could be wrong on that price
People are stupid to be selling their silver now!
Not necessarily. They might need to pay for something they need. That's using the silver as money. ... Though the last time it broke convincingly over $30 was 2011 before it went to $50.
My ex-wife is having an adderal induced psychotic episode. I suddenly have a lot of attorney bills this parting with a bit of my stack. Not stupid but necessary.
I'm pretty sure it's a good idea to sale. I'm just to chicken to sell.
Stupid people follow heard mentality, the smart ones are cashing out for HUGE gains. . .I'll be a buyer again once it corrects, a 50% rise in less then 3 months is way too much.
I would'nt sell either, wait until you see signs of a peak. Monday will probably still be a positive day for silver. I can see silver hitting $35 easy next week, maybe even $40. Current administration is to stupid to correct things.
The value of silver never changes. Its price is simply the reflection of the value of what is purchasing it.
I don’t have time to show all the math but, current prices equal not good things ahead
Cheers
If you think it has not been manipulated. Then it's logical for you to sell.
Much wisdom in your statement. In general, not just in metals, people are stating that everything has gotten so expensive. They don’t realize or maybe out of fear just refuse to acknowledge that the dollar is just about done. Most people have no clue at what’s coming and soon.
The price is a reflection of manipulation.
@@rickstalentedtongue910 I agree that is true, but also it’s sudden rise could be a reflection on the devalued dollar. It’s losing value and therefore takes more of them to buy everything including metals.
It's easy to explain to people.
Whether they can comprehend is the issue
Be kind to our Aussie brother ! were all in this together .
Absolutely! 🇦🇺
Hi Yankee & Tim, i purchased the
1 oz kookabura online & I was charged
Tax of $9.76. I bought the
each coin from 1 oz,2 oz,10,oz, & 1 kilo
I couldn't pass on the offer, the kookaburra's are works of art😊
I understand why some folks are selling. Things aren't wonderful in spite of politicians trying to tell us for quite some time that they are. I have no plans on selling any myself, hopefully that doesn't change. It was really interesting to see someone from Australia at Tim's shop. Thanks, Yankee!
Let me ask, if you’re never going to sell it… why have it? I mean if there’s no reason to ever sell, there’s no reason to hold. And if it’s for kids or whatever. They are just going to dump it the second you die. I’m not disagreeing with holding mind you, just curious.
@@TheBajamin I didn't say I was never going to sell my stack, I said I have no plans on doing so. Let me ask... Why does anyone keep a savings account? Do people save planning on just spending the money in that account? I never have. I save for when I need it which for me is emergencies and possibly major asset purchases, like a home. I have sold some in the past when I've needed the cash, that said I don't need the money now so why sell it? If there's no reason for me to sell for the rest of my life I can consider myself pretty fortunate.
Why do you assume that my kids would dump it the second I die? You don't know me or my kids and I think that's a big assumption to make. One of the many things I've spent years teaching them is the value of metals. My kids have stacks of their own that they've bought with their own cash. If they need the cash I expect that they'd sell their own first and not wait for me to die
Silver and gold are going way higher. Not sure why he wants to sell. Love the channel Yankee…Australia loves Yankee and Tim🇦🇺
The need for cash is most evident in disasters. When there is no power, how exactly does one "digital" anything.
Cash and 90% dimes.
One doesn't.
Solar, generators, backup batteries. That's how.
Good point. I'll add to that comment by saying that a lot of web sites have been hacked,
so what happens if the digital money system is hacked? Nothing good, I'll wager.
@davelevy4394 maybe. I see no signs that we are there yet. Not to sound apocalyptic, but we just had a little weather here in Houston, and the sun wasn't very shiny for days. People were crammed into any gas station with lights on. Food, gas, water. If people aren't giving it away, people aren't getting it. I think the flexibility of cash is indispensable, not to mention it is harder for the government control, as fiat as the stuff is...
I’m a retired jeweler. When I was in school, silver was around $2/oz. I did all of my projects and portfolio in fine and sterling depending on the need, while the other apprentices used copper, brass, and nickel. I got a lot of flack for what I did, but now I’m looking pretty smart after all these years., not to mention tarnished silver looks so much better than tarnished copper and brass in my opinion.
Paper market: fully unallocated
It that conversation with the Chief Economic advisor real? Seriously. Our country is in the pot.
It's real. He has ZERO background in economics. I believe his college degree is in arts or humanities? Something like that.
Sadly, all too real!
I live in Australia I dont know anyone who uses Macquarie bank
I know that Macquarie used to own AMF Bowling Australia (when I worked there) and then they sold it off to Ardent Leisure about 15 years ago (they own DreamWorld) - then when the Dreamworld incident occurred, Ardent Leisure sold off AMF to TimeZone and it was rebranded. Apart from that, I've had no interaction with, or know any who banks with Macquarie.
What a great and fun video. Love the Aussies. When my father was fighting in the South Pacific in WW-II, he was sent to Australia a couple of times for R&R.
He said that the Aussies were the friendliest people on Earth and that the girls were very friendly. 😍 In fact, he almost stayed in Australia when the war ended
but decided that his aging parents needed him, so he came home to help them.
The banks aren't going away, they will simply be doing the gov't job of monitoring every single transaction and reporting to big brother.
While that seems highly likely, such monitoring jobs do not pay nearly as well as banking. Will be interesting to see how they handle the pay cut.
Big Brother can't track your transaction when you deal in cash.
Crazy Friday. 9:30am 29.50 then 4:30pm 31.50 -2.00 in 7 hrs. You guys together always bring up situations and great info
The premiums in the US seem to be so much more relaxed than here in Australia. I always see Tim selling for a couple of dollars above spot. Over here the mints are the cheapest but $7~$15 over spot it is still expensive. Its like spending a pound to LOSE a penny. Other dealers are selling for up to $30 above spot and still pay only $1 above spot to buy. Silver in Australia benefits the dealers only, not the punters. If I was a stacker, I would find it hard to get excited when silver goes up $4 because it still would not be enough to cover my initial purchase if I was to sell it.
Copper hit $5.05/pound. ($.3156/ounce) That makes the silver/copper ratio 100, down from 103. Silver/gold is now 76, from 78. So I buy COPX and their top holdings.
Copper looking so good. Solid ETF pick. There’s also COPJ for anyone looking for more torque to the physical price.
Traded 72oz of generic silver for a 1oz gold Buff on Friday 👍🤑
Happy to say that with some pressure Wisconsin finally dropped sales tax on precious metals last month
i think nebraska now too!
I didn't even realize that. Thanks
@@wolfpack4672 bought metals from monument metals and had to pay tax...saw that Wis changed the law on I think 4/27 and ordered from SD and Monument since and no sales tax added on either
@@kevinduveneck1504 I'm in Janesville and haven't been to the LCS since October. I have also made online purchases a few years ago. I'm very glad to hear that you didn't have to pay tax. I hadn't heard
@@tlfloranot sure about Nebraska yet...you can Google "jm bullion Nebraska sales tax" and it will take you directly to a page covering sales tax of precious metals for nebraska
Ozzie, Ozzie, Ozzie!!! Good to see a fellow compatriot at Tim's 😊
One smart Aussie, especially as he's been stacking for just over a year.
This move through $30.00 is very silimar to the move through $30.00 in early 2011 before silver went to 50. Both timesit jumped through 30, from $29 to $32.80 in 2011 for example, in a very few days, maybe 3 days before correcting maybe a dollar or $1.50 and then continuing up on a fairly volatile move to $50 in May 2011.
Lets hope the premiums on my silver eagles explode too... wouldn't mind gettin 80$+ for them
This episode had me smiling throughout the entire video. What a delightful person. 5 years from now... Tim enjoying the Australian Grand Prix and Yankee behind the counter.
For some reason I would love to drive up and visit you both bring my 2 boys and make a vacation about it. Talk to Tim and buy some stuff from him
For some reason,I think that supports them both and they would be more than glad to see you.
Thanks Yankee ! SO look forward to these videos !!
Great to see another Aussie .I buy from Bullion now..
In Florida, they charge you tax on precious metals if it's below $500. I call it a poor tax ;)
Exactly,but then again is a man with just over 500. Considered rich?
In MN I just paid 47 dollars tax on a quarter ounce gold eagle a few weeks ago
Take cash to your LCS, most don't charge tax! I don't think I've ever paid tax in person.
California the poor people tax is $2,000 or less pays 10%
In California they tax you if you buy under 2k..
Tim and Yankee have a good Aussie following.
Seems that way!
To see someone from downunder! Fun guy. Love the trade! You and Tim are a global success Yankee. Keep up the good work.
We Aussies love Tim and Yankee!! There's been some of us trying to tee up a Yankee & Tim chat with our favourite Aussie dealers at Bullion Now. Maybe this will help get that going 😃
At would be awsome, we in the US love Australia. Anytime we can learn more about your country, especially your metal and coin shops, we are all over that.
When silver spikes rules are always changed, Tim is 100% correct.
Silver just hit 32 and rounds are near 40, good luck on the buyback.
Fantastic video. Thank you!
No tax on silver or gold in Ohio.
Or in Washington state.
Red state
Frickin NY . I don't think they will ever cut people a break. You gotta spend $1,000 for no tax. That sucks.
NY sux
Get a friend/ coworker/ whoever to go down and buy with you to go over the 500.
I did that in California when it was 1200 to get it tax free.
Buy 2nd hand for cash 😊
NY doesn’t have a very good reputation for treating people right. I’m ashamed of the NY government.
CA is $2,000
Great video Yankee! You and Tim's reach is truly global!! Very nice.Stay safe, shoot straight and keep stackin y'all! 😠👍
If any of y'all want to buy my silver... I'M NOT SELLING! LOL.
lol
😂😊
If it hits $40 I'll sell 200 oz and the rest of my stack will be at $0/oz which I'll keep.
😂😂😂
You will sell once the price will be right, or when in need for cash.
Three great ambassadors representing both Australia and the United States.
12:25 bullion now...love em.❤
Great Video. Hard to beat Australia for farthest visit.
True! 😂
To our Australian friend, I love the kangaroo coins! In fact I'm comfortable with all of the Australian stuff!
You guys are a riot! Funny, intelligent, and full of information to help those who are newer to stacking. Thanks! I am a little depressed to think how many Americans don't understand some of the historical comments that you guys make, but that is their problem. They need to read more, listen more, and talk a bit less.
I dont plan on selling silver in exchange for fiat dollars, if I wanted fiat dollars why waste our time with precious metals?
EXACTLY‼️👌🏼
But why, I wonder? commodities can and often are sold to obtain currency in use. If or when I need currency I will sell some of whatever I have "stacked" be it pms, or other things. Of course, I hope to have some to give to kids and grandkids for their future.
Word! Waiting for the paper to crash
Yep, every Christmas and birthdays my grandchildren get 4 new silver coins. I want them to be setup for the future. They're young adults, they don't need toys or games. They love the sound of silver!!! 😂
How does he get the silver/gold through customs? Id be a bit worried about traveling with that.
My local coin shop is also in Melbourne.....Florida.
Well on Friday even with the high spot price, SD Bullion notified me of a flash VIP sale, gold Buffalo's at spot and silver ASE at spot. Still buying over here as hard to beat zero premium. I see prices increasing now that the $30 resistance point has been broken hard. As to "change the rules", nothing would surprise me now days. "The Man" has been rigging the game since Roman times
Very cool spot deal indeed! 👊🏼
@@YankeeStacking It would be IF they offered a choice of an AGE or a Buffalo in the deal. I really like the AGE design. The Buff? Not so much. 😕
i am sad to report that i lost all my precious metals and firearms in a tragic boating accident in the Everglades. WE are still in mourning. Please, "thoughts and prayers"
And tell us why, exactly, you had all your precious metals and firearms in a boat in the Everglades?
You and I both must have been on the same boat!!! Don't think I'll ever get over it!
Sure you did. Jail till you fess up like Trump supporters.
@@docalexander2853 so you're one of the very few that still back pedo joe bye-den crime syndicate? You are a traitor to our nation also!!
@@alan30189 this is something called "satire". It makes fun of something. It is a bit dark, however, the idea was to poke a bit of fun at something real. The higher order piece of this is called "humor". Which - in this case is also a bit bleak and dark. Making light of a grim situation has been done for thousands of years, quite successfully.
The reason you move to a literal question over a piece of happy fun is:
1. You are a spy, and poorly trying to draw out information for whomever you work for or:
2. You are a Collectivist. They don't have a sense of humor, because it is GROUPTHINK, not "indiviualism...think for myself.
The third is that you are just a troll, but i wish not to label you or go there.
AS a old friend used to say "lighen up! it's only darkest before it goes pitch black!" (again, this is satire, a component of dark humor....so, another example set.)
Have a blessed day!
The Macquarie bank announcement was only about 3 or 4 days ago. So if that Aussie has been in the U.S. I'm not surprised he hasn't heard about it yet. You guys are really on the ball with your info.
Macquarie bank, isn't one of our main banks in Australia.
Macquarie bank without doing any research first is a major bank, that owns other banks. So we are probably banking with them without realising.
@@gregford5991 I'm in Ballarat, so yeah, I know all about our big 4
Okay, I googled.
Macquarie bank isn't a traditional walk in service bank.
It's more online, doing home loans and investments.
4 major banks in Australia
@@gregford5991 I'm an Aussie mate, I do know the big 4 banks
Longer ago than that. Couple of months.
Q: Which silver does not develop milk spots
A: Gold
Or tarnish!
It blows my mind every time I pay an insanely high sales tax on U.S. CURRENCY.
Sales tax ? What’s a sales tax ? We don’t have that here in NH
Ny taxes any gold transaction less than $1000. Tax on money, another good reason to escape NY. Working on just that.
It was reported that 45 states now do not put sales tax on silver and gold
@@keithkantrowitz7591 Right. As if anyone actually needed yet another reason to ditch NY, IL, CT, MA, or California. 🙄
@@keithkantrowitz7591 hmm, tax the little guy, not the big money people. How typical
Yeah Bullion Now is great here in Melbourne.
I would be afraid to travel carrying all that silver in fear that it would be confiscated .
$5 move on silver come Monday and gold $75 . Iranian president confirmed dead in helicopter crash
$9.00 MOVE ON SPOT SILVER SINCE FEBRUARY 18, 2024.
😂
🍿👀
Oh snap.
Confirmed Iranian president dead?
I will start converting silver to gold when the ratio hits around 40. The ratio in theory could very well drop to 15 but at that point you’re likely to spot Mel Gibson running around in leather pants mad Max style
When you hold a beach ball under water and lose control of it. It shoots to the surface quickly. And silver is more like a hot air balloon under water. Not a beach ball. Because of the manipulation downward in price. Manipulation= paper silver.
it will go 20:1 or under. Wait.
20to1, 15 to 1 that's crazy talk. If it gets into low 70s or anywhere in the 60s I'll b playing that ratio 💯
@@AGAUaddict My approach to this will be to sell in increments of 10-15% as the GSR falls. I'd probably start at 50:1 and make several sales to try to
capture the bulk of the upside. If the GSR starts rising above 50:1, I stop selling and hold what I have. The cash from this would go into gold immediately.
That's not Mel Gibson, that's me
A good episode. BTW, Bullion Now in Melbourne has a very active and valuable CZcams channel with excellent advice not unlike Tim & Co. A worldwide audience on his livestream episodes.
Bro from Australia had a previous generation $100 note. Newer ones are so much prettier.
It sounds weird like Tim said, “how can you tax money” Which I found myself thinking before as well, but just remember, capital gains tax, income tax, I mean they have death tax, we’re all phukt and upside down
Yes, can anyone imagine going into a bank or a store, getting 2 10-dollar bills in exchange for a $20 bill and then having to pay a tax on the exchange? It's bizarre!
I never once bought gold or silver in the hopes of making a profit. It's an insurance policy and hedge. I don't get excited when silver spikes (like it has today to $32.56), nor do I get dejected when it falls to $20 (though I use that opportunity to buy). It's there for a purpose, and the purpose is not profit. There are many other instruments for that. I stack it and leave it alone. I won't be selling any.
I'm with you. I stack as a hedge, or worse case scenario, barter. My hope is that when I leave this earth, I will have something with real value to pass down in the family.
My US type set, however, is specifically for my personal enjoyment. I'm always looking to upgrade or add to my set.
It will go to the family as well, but for now, it's my hobby, and I love it.
@@lindanelson8400 See, that's just GREAT. You are doing something meaningful for your family... and get to have fun doing it too! I felt that way buying duplexes and houses in my youth for rentals. I looked at it like a treasure hunt. A lot of work, but I really enjoyed it. Put my kids through college too. Now I too have fun with silver as well. Cheers, and best wishes to you and yours.
@@lindanelson8400this is exactly what I’m doing. Don’t plan on selling any. It’s there for insurance and for daughter after I’m gone.
This is exactly what I do too.
You should definitely interview this Aussie from time to time going forward. It would be very interesting to see how things develop there that may be a precursor of stunts government may try to pull here. Outstanding video!
I'm glad to see people selling silver......it is getting close for my monthly 20oz purchase
Good to see a Aussie on video
I have to Come Up and see Tim!!!!!!!!!!!!!!! Bucket list!!
YES‼️👌🏼
The best bullion / pawn store video out there.
Thanks again Yankee and Tim ! So enjoyable. My bucket list still has a visit to NH and a cup of coffee (or other) with you two fine fellas !!
That was an awesome visit ! All the way from Australia wow !
I got my sister to buy $1000 of silver today (first timer) and my brother to exchange his paper bullion to metal, and store it in a vault. Tough to do, but they finally listened!!
So interesting seeing an Australian, silver prices here are $58aud an OZ so already more than he thinks it is. Heading to coin shop here in Melbourne today to stack some more before the price rises any more
I started stacking last month I have 150 ounces of silver and 1 ounce of gold I was going to buy 150 more ounces on Saturday but I’m waiting till the market opens on Monday and buying Tuesday I don’t mind the price too much as I’m 18 so I have slot of time to dollar cost average my investment but if I keep up 150 ounces a week I think I’ll have a hefty chunk of change when I’m 30
I'm curious to see what happens next with Silver Spot
I know. Silver spot will go up and down and up and down and... Trajectory looks good 👍
@@philiplippens2690 Im gonna have to agree with your expert opinion.
The Comex is or will soon be irrelevant.
Thanks for all you do!! Very informative
That's been quite the week my friend. My sales stopped dead in their tracks while my holdings went through the roof. A real catch 22 in my world. I am amazed/surprised Tim opend the door for regular buisiness. I don't think it is possible to see Tim rattled about ANYTHING ! Kind of an eye opener to see our troubles are the same as their troubles. What do they say, , , "Misery loves company, LOL". I must say this is the best crawl through CZcams I have found today. All the best to Tim and you for this crazy spot day. I do wonder what tomorrow will bring. I am sure you will be there to offer us some confidence or consoledences I hope you will, LOL. See you then old friend. With the exchange rate today our silver spot is $49 and change. Hard to swallow that eh.
Bullion now team are great.
No big deal on silver, when it hits $50, then you can start taking note.
The thinking is, now that the 31 dollar glass ceiling has been broken, it paves the way for 40, 50 or more.
We shall see! Hoping for the best.
Awesome video! It was interesting getting an Australian perspective. Fun show!!
I have a friend in Australia and I asked her too and she didn't hear about that either. you have to wonder why we are and they are not.
you will never get the right news if you listern to MSM news that is world wide
If it go up will still buy and may sell a tiny tiny bit😂 if it goes down then I will buy a lot more either way I’m buying
Love, love, love your videos. Especially the ones with Tim.
Thank you for your content. From the UK
I'm pleased I had the foresight to stack Silver over the last 7 years!
Silver does not need to back a currency in order for the Silver price to go to the moon. Already, demand has outstripped Silver supply...there is your Silver moonshot!
An Aussie abroad 😊❤🎉
Small Coin Dealer offer to buy my Silver Bullion & Rounds & Bars, but the problem they try to Low Ball You!!! My response was not for Sale!!! I am holding for the Long Haul & Instead I’ll play the Silver & Gold Ratio in the future!! 🥇🥈🥇I live in California & my Coin Dealers don’t charge Sale”s Tax on Silver & Gold!!! Silver just Hit $32+Ounce on Monday Morning!!! I have Big Stack of Silver Weight!!! 🥈🥈🥈
Yeah the same with the tax for some here in MN. How do you tax a currency exchange!? The government thinks we are stupid
Only if you buy more than $1500 worth. Legally
@@voiceofraisin241 Honestly speaking it all the depends on the Coin Dealer that’s why you need to build good friendship & trust. My Two Coin Dealers are Awesome!!! I always purchase nice amount of Silver or Gold.
What a nice Aussie man coming over to trade with Tim. I enjoyed watching.
Always a good time with you guys, thanks!
as an Australian i knew he was gonna say Bullion now.
yeah bullionnow i spotted another bag
Good job on promoting his business!
What a great video, I really enjoyed this one.
Australian Perth Mint is my life goal to vist!
Australia went commie, no need to idolize them . I’m Sad too, loved it there.
@@floridaman5125I'm from the states I live in Perth and I agree. Australia has become a shitshow it's unbelievable. Use to love it more 5-10 years ago. Now not so much. It's dulled on me
@@salvoka1421 I was going to retire in Brisbane , I loved it that much. Great people, great country. But covid camps and the rest scared me away forever.
@@floridaman5125 yeah I here ya. Australia is beautiful and has nice people but it's one big police nanny state
@@floridaman5125 to visit it's fine but don't live here it's not the same as it use to be. Housing here is just straight up unaffordable. It's absolutely stupid a house in my area use to cause 400-500k now cost 800k+ in a couple years. What a fucking joke. There is not enough people in Australia either. The entire country only has 26million people. Not even more people than the state of Florida