The Price Hike Is Here!!! Will There Be A US Mint Boycott Or Not? Going Cashless, Who Decides? 🤷♀️🙄
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- čas přidán 8. 07. 2024
- Welcome to another episode of Numismatic News & Information by Son of a Silver Stacker! In today's video we go to MONEY METALS to look at the live spot prices!
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psalm 34:15
turn from evil and do good, seek peace and pursue it.
*it is our duty to proactively work for peace and turn away from evil.
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This Channel is for Theory, News, Speculation, and Information About the World of Numismatics. It is also about how external influences on the periphery of the hobby of numismatics can directly affect the hobby. This channel is NOT for financial advice because I am NOT a licensed trained financial advisor. Please DO NOT take any of what I say as financial advice or ask for financial advice as this CZcams Channel is ONLY for the interest of the hobby of collecting coins and silver.
To the comment on the Carrington Event, that was a solar flare in the late 1800's. The solar flare was so massive, it fried telegraph wires. If that event occurred today, it will knock out most power stations.
If that happens today before any sort of hyperinflation event. Dollar bills will be king. Think about it. Most have no clue the value of silver. If you hit a big farmers market set up because stores closed. Ya I'm sure you could use some silver with a few people but you most likely won't get it's true value. Maybe some won't even trust your silver because of so many eagle counterfeits. Dlllar bills will be universally accepted and be king in that world.
Plus their won't be an internet to see the price of silver. Try explaining that your silver is worth $300 an ounce to someone who doesn't even understand what silver is but they have what you desperately need. Again. Dollar bills will be king
@@Userhfdryjjgddf Dollars will just be paper in such an event and worth nothing. No one can deposit them or make withdrawals. Commodities such as alcohol, cigarettes, food that does not perish, and ammunition become premium items during the initial shock. Valuables like precious metals will follow suit as local communities start to reform after the chaos.
I can tell you this: i was a religious buyer since 2021 of all eagle and morgan/peace products. This price hike has me done. I could still afford it, it's just such an egregious hike I can't in principal support such bad behavior. It would be different if the announcement said the prices will go back down when silver does, but they won't do that. I'm done.
More people indeed with a similar situation catching up to my salty disposition that came off maybe harsh to some as others are being to side with their pocket books. Remember , the U S Mint / Treasury is here to serve us , We the People. 3000 BC there were coins forged out of *Silver & #GOLD utilized as store of wealth & means of exchange. The return as we make this EVOLUTIONARY global turn is an opportunity for anyone to claim their share as we witness this transfer of Global value/ wealth 🤑 ⏳ BLOCKCHAIN & A I has already changed the World. We were warned. Now we reap what was sowed
This is exactly how I feel. I have already written my congressman and cancelled all my silver orders except for the proof Morgan and Peace dollars and may still cancel them. I also called for the firing of the mint director is she can't get cost under control or if we, the collecting community, are paying for the cost of making business strike coins. They need to do an audit of the mint to see where the "increased cost" to the mint really is. I am sorry but after seeing what this administration has done with the borders, I am not surprised they screwed up the mint.
The way of the world is whatever the cost of an item you multiply it by at least 3 to resale , but that’s expecting someone to haggle with you on the product and request a minimum 10% off .The mint should do the same and basically give every repeat customer 10% off all products unsure if that would be enuff though .
I'm not buying an under an ounce Morgan for 95 dollars when silver an ounce is just over 31 dollars. No way........
As an avid collector, im done buying from the mint as of now. Im focused on stacking 90 percent now. In 2017, the price of the silver proof set was $47.95 and now its $150. These price increases are way beyond inflation or any other bs excuses the mint gives
Sales at The U.S. Mint will drop substantially. I will only buy from them again when they have a desirable low mintage coin at a resonable price.
In other words you won't be buying anything else because the mint won't have anything at a reasonable price anymore.
I say boycott but thats slim to none to happen. I do beleive we could come together and demand our politicians do an audit . The mint needs to be transparent and more open to the consumers. They need to stop there secret society ways
I like the audit idea!
We must stand together. No more business/purchases be given to US mint . Before price hike today us mint inventory was overpriced already.
Let’s go cashless so I don’t have to pay the babysitter I must service it
SSS NO CBDC . I like cash :-))
I can buy almost 3 ounces of generic silver, for the price of one Morgan or Peace dollar. I'll take the 3 generics thank you very much.
Exactly 👍
Cash= freedom...cbdc= enslavement... big brother is already in to many aspects of our lives. Cbdc just gives them that much more. Great video
Exactly 👍
Let’s not forget that the Uncirculated Peace and Morgan were advertised as $67 in 2023 with a last minute $9 increase. This year’s increase is worse, but a predictable continuation of the trend.
It is becoming questionable as to whether or not my purchasing coins from the mint is a practical investment. With a $91 price tag on uncirculated Morgan and Peace Dollars with less than 1 ounce of silver and the price of silver being around $31 an ounce, I don't understand their $15 price hike. This certainly does not seem like a good investment anymore. My purchasing a graded original Morgan or Peace dollar seems like a more feasible investment of higher numismatic value than modern strikes. And I stopped buying those yearly silver mint and proof sets completely, as the value just isn't there. The mint has now lost over 50% of my yearly purchases.
I've been concentrating on stacking brass and lead here lately.
Ditto
DEW up bro.... ⚡🤖🔥
Couldn't believe the massive price hikes. I need to immediately cancel my Mint subs. When I was a teen in the 1960s, a proof set sold for $2.10!
I say NO to cbdc, I like my coins and cash. I am mid-aged, but old school in my ways. Yep, I think the US Mint just shot itself in the foot with sells this year.
It’s a boycott from me at the moment. 🍻
We should boycott the mint just like everyone abandoned Bud Light when they went woke.
I’ll bet you a dollar to a donut they will drop the price.
SSS(Mint Master) Good Morning Sir. I feel the Mint will not sell many .
I have dropped all my subs . The Mint is Fleecing America . :-))
Morning; ROCKY!!!
I’m buying one of each. Morgan and Peace. Nice things are expensive.
Yes they are.
No Cash👊🏻 More Convenient & SAFER 🎉🎉🎉
I find it strange that Powell and Yellen speak volumes on the same day the Mint raises prices. Makes me see where profits disappear to, at the printing press. To the Central bank.
Cashless will not happen anytime soon....I think that the US Mint will not listen to customers.....they will continue raising prices!! I don't think prices will ever go down.
The Mint will become friendly as the year end nears and they need to make more income to pay the bills.
Take the cat's food away for awhile. 😺
Lower mintage not possible as they will carry over to n3xt year and the year after etc. under they are sold out. Mintages should be melted after 12.31!
Silver, liberty and Britannia now listed at $104
The mint doesn’t have our best interest in mind. We’re cultured to believe that they work for the people……
If you feel that silver is a form of fractional gold then the Jefferson’s are a form of fractional silver….
Wow! Let's sock it to the Mint's best customers by hiking prices by 25+%! The death knell for the mint! They can save themselves by issuing fractional Silver Buffalo's. 1/20th oz - kilo coins. SILVER BUFFALOS WILL SAVE THE MINT! ISSUE THESE ASAP!
A boycott of the mint is a work in progress it depends if the P & M are just ho hum and not top quality and the mint tries to do something about being lazy: from design to to mint technique. If it improve the boycott isn't gaining to work. As to a cashless society what about all the countries that depend on our currency and of coarse who doesn't,t like crisp $100.00 dollar bills. As to the idea that if you have a few $100.00 bills that your a member of organize crime or your trying to stiff the government. As to germs on notes that has be totally disproved.
I did the math at $76.00 and cancelled my Peace/Morgan subscriptions, took that money bought ASE's at $35.86. 2 weeks later get email announcing $95 hike - no way Jose sorry I'm out of overpriced U.S. Mint silver products. I can buy classic Peace Morgan BU coins for $38 - $50 on common dates or BU ASE's at $36.
I would watch for the possibility of low mintage coins and maybe buying them. I will be more selective on what I buy from the mint now.
Last year I trimmed my proof bullion purchases due to price increases & quality issues. With another price hike I'm dropping out. Trying to get new mint coin rolls from a bank? Forget it.
GM y'all! I notices the Vault Sale has 1 product, a 2021 W UNC Silver Eagle for a Very unreasonable $91 😂 Ebay has em for $50.
Going cash less is a way the irs can track you
I unsubscribed from everything except the Innovation Dollar proof and reverse proof.
I guess I’m an outlier to this data set, as I’m largely indifferent to the pricing change. Our hobby is linked to the price action in commodities, so whatchagonnado? 🤷🏻♂️
I guess all the stackers who are up what? 30% on silver so far this year will be boycotting all the gains if they go to sell at these prices?
When the mint produces something great, I’m probably going to buy it. If they produce crap, I’m not a buyer at any price.
Regarding a cashless society, the idea of programmable money is a bit disconcerting in the absence of guardrails to provide some air cover to preserve privacy. More than anything the US needs continued improvements to our settlement layer and speed up the rate of transactions closing.
Keep on keeping on y’all. Cheers.
I boycott crypto AND the US mint... Stack precious metals so that the cyborgs can't use them for parts 🤖🔥⚡🤖🔥⚡
You can't buy a lottery ticket in Florida without cash. Good luck trying to put them out of business. 😂
Cashless will never happen. Too many drug dealers and prostitutes.
I do not use Amazon, fleabay, those two very popular but not with me.
Morning
Morning buddy, good video again. Well I think your prayer helped. We'll see.
Morning; cashless is bad if there are not safeguards, for sure! I'll keep praying for you!
@@SonOfASilverStacker I agree with you 100% and look what happened with Bitcoin. There's all kinds of shady s*** going on with Bitcoin. That's how my father-in-law got taken for $70,000. They were able to get into his account and they turned it all into Bitcoin. He was able to recoup some of it but not all of it.
That's so wild! Did they catch them?
@@SonOfASilverStacker nope never did. There was no way to track it once it went to bitcoin. All of the accounts that were involved were fake accounts. I think total was almost 90k and recovered was 65k. The banks FDIC I think covered the amount he was able to recoup. Well the fraud dept, however that works.
I unsubscribed to everything
WHO DECIDES? THE ROTHCHILDS THATS WHO...THANKS SSS
Who is John Galt…??
U.S. will not go cashless just because the u.s. need the dollar to travel in to other country's to show it's value .
mornin SSS, I haven't bought anything from the mint in a while and now . forget it
as Jameseves9209 said " i'm buying brass and lead "