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Will Coin Shops Ever STOP Buying Silver? My Dealer Said THIS...

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your power goes outthank silver for the sacraficial pigtail of metal that replaces the blown unt to restore powerbrbrenjoy that electronic device you use daily? thank the silver in the capacitor 🌐🫶🤷‍♂️brbrSILVER DEMAND WILL BE AROUND
Comment from : @Rezin_8

my local shop is only buying a prices not worth it or is not buying at all turns away silver and gold
Comment from : @michaelharbour2448

I tried to sell some 1 dollar silver commemoratives at a coin show! No one was interested even at less than spot!
Comment from : @jimgoodreau1245

I thought stacking a little bit of silver was a good idea but I tried to sell a little too get me through the week and no one wants to buy it and if they do they want in dollars under spot what happens if it hits $50 or more your going to have a coin that nobody wants to pay for it’s kinda pointless at this point 🤔
Comment from : @johnniebaca7704

If they stop buying silver they'll run out and won't be able to sell silver They'll go out of business
Comment from : @Cbyrnes93

They will come out with a gold card you don't have to sell
Comment from : @mauriziocurzi3002

It all a game pay high sell low what a scam
Comment from : @mauriziocurzi3002

I gotta be honest I would buy more silver but the premium over spot is ridiculous with the supposed extra coins out there Based on all these coin shops complaining about everyone selling silver and no one buying, maybe its time to go through and drop your premiums Sorry i ain't buying this whole abundance of silver because the market when you buy it is not speaking to an abundance of silver due to high premiums still
Comment from : @ClubhouseGardens

Love when you have Josh Very knowledgeable and fair coin shop owner
Comment from : @ronaldwilson3695

I just traded josh a couple hundred oz of silver on Friday, for gold
Comment from : @Convoyman2004

YES, when there is a federal ban It will come, but when??
Comment from : @JohnMay-m1o

Ppl aren't going to pay high premiums That's why buying Is down Same for stock market You don't chase a stock that is increasing or one that is overvalued Wait for a price correction Buy low, sell high
Comment from : @PeterBergeris

This was a very informative and helpful conversation Thanks, guys
Comment from : @FoxValleyStacker

This guys entire channel is talking about being unable to sell silver lol
Comment from : @bobsaggett9678

silver rounds are worth just as much as the silver eagle or silver krugerrand right? I stack silver rounds but my dad refuses, he is only silver eagle all the way I only buy as close to spot price as possible, I don't see the point in all that highly graded stuff Every once in a while I might buy something fancy from the US Mint website like those armed forces 1 oz medals, I really liked the navy and coast guard and marine ones But those were close to 100 dollars the silver rounds at Bullion Exchange is pretty close to spot price
Comment from : @nobodynothing00000

"buy local" sponsored by an online bullion dealer 😂
Comment from : @hatersgonnahateyo

LOL you had more questions and cut the video off anyways !? Just keep asking and make a part 2 So lame, waste my time
Comment from : @darryls

Physical metal people usually make fun of paper metal or any other investment products calling them fraud fake I’m talking about not physical gold or silver but I have to tell you after 57 years of my life what I’m seeing currently when the silver is $20 they’re charging nine dollars premium when the silver is $30 they’re buying below 15 that means the soulmate $10 more and you’re still losing That’s a crime This will never happen in a paper market
Comment from : @freedomindependent4541

“ difficult ever recoup the premium you paid” (on silver eagles) Are you kidding? Do you think silver won’t go up any more? If you’re a stacker, I don’t think you’re a trader Right?
Comment from : @davepawlowski-e7x

The thousands of federal government employees loosing their jobs might start bringing more metal into the sell market
Comment from : @jeremycole3008

I don't need to listen to your video Currently, retail demand is in the toilet, but this doesn't matter Coin shops will buy as much metal as possible because they can sell it to refiners who're melting collectible metal into large bars for Crimex delivery
Comment from : @n-joysilver7752

I truly believe we better buy what we can, while we can regarding PM's The day is coming sooner than later when we can't sell because the LCS doesn't have that kind of cash or he is inundated with sellers Or we can't buy because there is no retail available because it all went to the refiners, bullion and central banks or it's too expensive for us poe folk to afford The day of the local LCS is coming to an end, unless he has large amounts of capital I don't understand why banks don't sell US Mint stuff, I think they use to I see online dealers, banks and the mint as the only place to get metals in the near future, if at all
Comment from : @davidf3883

What are the refineries doing with this influx of silver are who are their buyers ?
Comment from : @dissy5563

The dealers always win
Comment from : @AbrahamLincoln22

A lot of our local brick and mortar jewelers that just started buying in November, have banks funding their metals buying It's probably for a group of banks buying metals Inflation is still up For inflation to go down we need a cycle of disinflation, and and deflation to level off That means we have 5 to 7 years stilloc rough times People are selling to pay bills, and banks are building security against the dollar
Comment from : @DApostate

Good show guys Will check out your you tube Josh
Comment from : @MaverickMasterland

Found a new LCS yesterday Got a 1929 $250 gold indian for $15 over melt Its raw but it looks good I had already spent my budget for next two weeks but I couldn't pass it up He had a bunch of secondary market rounds for about $150 over spot including some he produced himself I didn't get any of those since I was way over my budget but I'll be going back next month
Comment from : @steveschindler2802

Why wouldn't coin shops A) have line of credit with bank? B) No fear of market moving against you protection by simply selling those evil contracts on ice or comex Guarantees profit based on margin between buy and sell Answer is most stores/shops do not know how to hedge and most are old school hold hold hold I always did and never ran out of money!
Comment from : @RobertLee-wi5kc

Besides silver and gold, and junk silver; you should have a few grand of paper money hidden away Especially in small bills, 1s, 5s, 20s Because if power grid goes down how are going to pay for necessities?
Comment from : @robertbush8327

Gold selling slowly over the counter at current prices is understandable, but declining silver sales show how broke the public is
Comment from : @77loneranger

So does it not really matter if you keep the factory seal on tubes and boxes because they're most likely going to get opened to be tested when you sell them anyway? Or should you leave them sealed and hope for the best? Always love your content you are the absolute leader in stacking knowledge
Comment from : @wasillastacker

This is why I like investing in the SLV ETF I don't want to be dependent on the whim of a local dealer or pawn shop Much better off with a large brokerage house and buying and selling at straight up market price No low balling because of milk spots or some other perceived fault and no Chinese fakes to have to worry about
Comment from : @gregorygreene1940

If we go into a reverse market crash will gold and silver go up or down? Not saying it will reverse crash I’m just trying to prepare either way
Comment from : @lisahappy2835

are refineries selling the influx of gold to foreign governments?
Comment from : @ThomasTOAN

Aren’t gold eagles technically legal tender? If so, refineries melting them down would be breaking the law
Comment from : @jeffv3296

Interesting video From my own experience while I rarely sell my silver stack, I have a few times Each time it was to a dealer I've bought from before so they kind of knew me When I sold some sovereign coins to them, all they did was look at the coins, they saw one troy ounce and 999 and considered them real I was paid for them None were ever weighed or tested while I was there Maybe they tested them after I left but maybe not I had bought them from the big online dealers but you still never know if some weren't fakes
Comment from : @walterswanson3867

The original Arts Hole vs Boris Johnsons brexit Britain, plymouth city Council, the so called support services , a pack of village idiots and my former mother in law 😂
Comment from : @aaronvalerio9253

Thank you
Comment from : @rosebud3971

My LCS showed me on his machine that they pass I just asked him once and he has no problems doing it
Comment from : @shaneott7660

Once i bought 72 oz of silver from a dealer i had used for years I had expected to be buying constitutional silver but, after i arrived he only had these Trade silver rounds i had never seen before I regretted the purchase soon after i got home and tried to find them online and couldn't I waited until the price surpassed my investment by 500 ea And took them back I managed to make a profit but to this day i still think he bamboozled me His neice was working the day i took them back and because i had purchased them from that shop she didn't test them Be careful always
Comment from : @AaaA-on1jq

I can buy 1 oz Gold Eagle's for Spot at my local LCS And Foreign Gold for less than Spot
Comment from : @William-n4q

This was a throughly enjoyable video The topics and discussions were excellent Everything was explained in great detail Well done
Comment from : @robertb3214

FYI, I tried to sell 100 ounces of Silver to several dealers at SPOT minus 3 They all refused to buy@
Comment from : @Stephanie_12345

I got my first sleeve of bullion from JD Bullion at spot when it was $15, still have it
Comment from : @davidtomasetti8520

1 Spot for gold eagles with my guy currently
Comment from : @IndyTennisPro

People are going to have to start using silver AS money, not converting it in to fiat Once this occurs, the LCS’s function will change Only a healthy parallel economy such as this will get the people out from under the tyranny of fiat This will also be good for the value of silver, because more and more people will be using it daily, and the coin shops won’t be able to “low ball” silver sellers People won’t need to “sell”, instead they’ll use their silver to buy…whatever they need or want
Comment from : @stratcaptain66

I've had problems selling platinum so I don't buy it now
Comment from : @ElDiabloTheExplorer

That initial comment is pretty dumb, I really don’t know how to process itbrbrEvery stacker should know a few cheap and easy tricks to test their coins It’s basically impossible for a fake to replicate the ping/resonance test while also having the proper dimensions and weight A cheap digital calipers and scale along with a ping tester is all you really need A cheap neodymium magnet (or even better, a magnet slide) to round it out makes it essentially foolproof And a ping tester alone will root out the vast majority of fakes brbrLike what if you want to buy something from a fellow stacker and there’s no shop nearby with a Sigma or XRF machine? What if the economy craters and you have to actually use it for a transaction?(obviously that’s very unlikely but still Hell, even pawn shops sometimes miss fakes coming across their desks Your goal as a stacker should involve being as self sufficient as possiblebrbrMany people stack metals to prepare for unlikely eventualities, and you should know any ways you can protect yourself And these simple, inexpensive tests are one of the easiest ways to do so
Comment from : @melektaus2906

The commercial silver market is starving for silver so im not surprised they're melting down ASE's
Comment from : @johnpower8356

My opinion on STACKING Silver is go with eagles if in America Rounds are nothing more than a small barbrThe eagles will also gain profit based on year You are buying as a stacker to BUILD wealth over timebrWhat is better to sell in 2060 a 2015 eagle or a bullion coin that has a picture of a dragon ?brSimple answer is the eagle And you could also have them graded I Bulk to increase value
Comment from : @barrycalvert8219

The Royal Mint 1oz 2023 Silver Britannia BU is selling at $47 the first to feature King Charles Britannias are low mintage coins known worldwide A 2025 Britannia BU is selling at $150 oz over a 1oz Buffalo round as of today 1oz BU Kookaburras, Koalas change their design each year Those that have collected premium coins over the years are way ahead
Comment from : @garyz5456

Went to a coinshow last week in Florida with 25 tablesNO ONE WAS BUYING ANYTHING
Comment from : @Pfsif

Keep on stackin'!
Comment from : @cherokeecowboy7558

Here in the UK gold and silver are doing great vs the pound Crypto col
Comment from : @marialangley5528

It's funny saying high gold premiums Silver is the worst Almost impossible to get your premiums back on silver
Comment from : @mrbiglicks8267

I was one of those leary first time buyers going into Josh's shop He was great to walk me through what I might be looking for and was super cool about the veracity issue Can't recommend him highly enough!
Comment from : @BigRedOne-xj8br

I would buy them at 2 under melt any day
Comment from : @bobsacamano7653

trust, but always verify
Comment from : @cerealaugher

👋 Interesting insights to this coin dealer
Comment from : @CoinsAZ

some lcs's in So Cal are not buying silver, only gold
Comment from : @cerealaugher

150 back for common rounds here in Portland ore Lil more for eagles
Comment from : @paulpersons799

Great video, Seeker Those were tough questions, and it's always good to learn more about the silver business I particularly liked learning about premiums on various silver products
Comment from : @matthewgose3508

I really like when you have my fellow North Dakotan on this channel Great content
Comment from : @frankbarton5025

Why are all my coin dealers $45/$5 over spot on rounds and $8 over on eagles yet all these interviews i see on here are so so much cheaper what gives
Comment from : @DennisGross-g4r

My dealer was getting buried under a pile of10oz silver bars just over a week ago so he put them on sale at his store for 50 cents back of the Kitco spot (for local cash buyers only) and despite selling a bunch, he still had too many of them left after the sale
Comment from : @BA-lt2tx

Best silver guys I know
Comment from : @Scott-Lindell

Refiners are flooded, online shops are flooded and LCS are flooded yet premium prices in most cases are still well over spot Spread is still massive between buy and sell price
Comment from : @ohnonotthatguy1465

I read a book that said do not pay 10 or higher premiums on metals If premiums get too high, I like to buy the paper until things improve
Comment from : @jaynawilliams8923

Online dealers changed the game
Comment from : @TheRealBalloonHead

I worked a show this weekend, bought almost exactly 2/3 rds the amount of silver I sold Between gold silver and collectables the customers were selling something were pretty much on a one-to-one ratio with the customers who were buying
Comment from : @Wyominggoldbug

What does a fake walking liberty half dollar look like
Comment from : @markthornton9128

Goldbacks! For safety
Comment from : @PamalaClift

20:01 😮
Comment from : @GrabMyArm501

I’m stacking some platinum but the premiums are crazy
Comment from : @tomtharos4440

Friend of mine wants to trade his generic rounds for junk 90 I’m not certain what to advise him
Comment from : @christophermccormick8670

we have 2 local dealers here I called today to sell 185 ounces of bars and rounds one dealer didn't want them and the other dealer offered me $350 back of spot for them, everything was bu friendly :)
Comment from : @ezal3634

A lot of people are still buying silver in Canada
Comment from : @Bradfiremax

I wonder what the preference financially would be on 10 Oz generic bars vs 10 oz worth of generic rounds on sale and resale I have been concentrating on both but would stick with one over the other if there is advantage
Comment from : @ricks7432

I have around 10-20 oz of platinum and palladium Palladium has been such an immensely expensive metal It’s dumped so hard that it seems like the best buy to me Gold and silver are mostly just pretty metals for jewelry I’ll buy it all I’d like to start buying gems and orphans too As long you can afford to be patient All these commodities will have to pump on occasion
Comment from : @darrenstettner5381