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Silver Dealers PISSED about the $10 Rule (explained in three mins)

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I bought 2 one ounce rounds a year or so ago Paid way over spot for it If I could sell it for around $36 an ounce I'd basically break even Won't do it again It's a major rip off One has to pay way over spot and if it is sold you receive way under spot
Comment from : @davidlambert3892

Silver has gone up to spot price of 32 dollars since I purchased mine last year I'm in it for the long run!
Comment from : @deliveryguy7402

WTF is this video even abouy? Theres no $6 premium If i oay $27 for an Eagle when soot is $22, I can turn around tomorrow and sell if for $27
Comment from : @sj6404

Dealers get rich, stackers get poor That’s stacking silver It just isn’t worth it
Comment from : @MC--

Don’t forget the 66 capital gain tax in Canada
Comment from : @RandyLaye

What garbage state are you living in that taxes your gold/silver?
Comment from : @thatoneguy5958

Shoulda bought bitcoin
Comment from : @alfredofernandez2903

Silver is going to over 5000 an ounce To 7000 but gold got to go over 3000
Comment from : @manuelocasiojr69

I think you need to realize money is a little tighter right now
Comment from : @davidzumbaum7962

I dumped all my silver… never buy it again
Comment from : @TestPilotN911RG

1:26 why in the hell are you paying tax on silver? It's money It's not taxable You must live in a shitty state
Comment from : @Bozemanjustin

Who pays tax on silver coins?
Comment from : @b0ss302

Silver is being artificially held down (so is gold, really!) It will eventually break loose and regain its actual status
Comment from : @thedustmancometh

Glad no tax here on them
Comment from : @BADBOYM109R

We humans do love our shiny things
Comment from : @mrbluebird6544

you can make a ton of money with silver every day the price fluctuates just buy low and wait a few hours and sell sell sell baby yesterday I bought 10 million dollars in the morning got out at noon and made 30 thousand dollarssweeeeeeet
Comment from : @biffedya

Silver is a long term safety net not a short term trading vehicle
Comment from : @DannyWalker247

No silver tax in IdahobrYou can go to costco and buy silver bars
Comment from : @Lucysdad66

With little to no premium, it's a good time for stackers to buy
Comment from : @daveditchdigger2111

It’s up 40 for the year… That’s a great way to hold your wealth
Comment from : @apaulytp

Bullshit
Comment from : @michaelsusnjer772

Whoever pays sales tax for bullion is wasting their time in that state MOVE!
Comment from : @rkellycoker9387

Stagnant or stable
Comment from : @farmlandon9893

I dont sell my silver I just buy more and more and more!
Comment from : @Imlosep

If you wanna make real money, do gold you’re going to complain about not making any money convert to gold dollar jump in one day you can make a lot more money with gold and it doesn’t take as much space
Comment from : @rodrowland8884

Im gay for silver
Comment from : @Getfucked72

Hold! Hold! Hold! No one should be looking to profit! It’s about the $30 today that’s going to be worth $30 tomorrow! If goes to $24, just keep picking up on the dip and you’ll recoup on the back end when it goes back to $30
Comment from : @timetostack4649

If you want to buy, sell and trade metals, buy puts, options, penny mining stocks All my stacking I will die with unless TSHTF
Comment from : @ivorybilled8983

I work with many dealers and none of them have heard of this "$10 rule" and nobody is "pissed" Most are either buying or not The competition determines the market in most cases
Comment from : @garysternberg3402

One doesn't invest in silver one speculates in silver
Comment from : @HackerStackerAG

Ive literally never sold an ounce 😂 if i get rid of my silver it will be for gold when the ratio corrects wtf is the point otherwise?
Comment from : @BTCBullionBuzz

Correction to burn you The true worth of silver is way under estimated When selling your just moving to invest Silver is a hold hold hold Piggy bank thing
Comment from : @espgranny

I'm pissed at my coin dealer I had an MS70 silver eagle that i paid $95 for Years later, I wanted to coin, and I was short money, so I brought in ms70 in thinking I would get at least what I paid and the jerk would only give me spot price for it
Comment from : @scottc9587

Trade ETFs Hold physical
Comment from : @oneisnone7350

Silver is the great hopium to take your wealth
Comment from : @wherami

Texas does not TAX its gold and silver sales Move to a better state!
Comment from : @tkcdac

It’s different this time, I’ve been in it since the 70s!! Wholesale prices on buying back PM are crashing Retail sales are dead!! Only valid reason to own silver is to have something maybe in case of dollar collapse Which will never happen in your live timer or 100 years thereafter !! Otherwise, might as well sell Shitver hasn't even surpassed its 2020 highs, let alone those of 1980/2011 Unless you wanna lose your ass and give what garbage 100 pure trash you’ve accumulated invested in away!! At four to $10 under spot “You are stuck with it!! 🤷‍♂️😂😂
Comment from : @JBox1953

By the time the dollar crashes and silver moonshots higher, you may not want to sell it for worthless paper Afterall, silver has sky rocketed because the dollalr has turned into toilet paper
Comment from : @rosenasser5943

Never used the term, but us so called 'stackers' aren't buying for one simple reason: you don't buy at highs!brbrDon't DCA, you buy low, and only buy low My silver stack, per ounce of cost (including all shipping and handling) is $1543 per ounce Let me repeat that: DO NOT DCA your purchases!
Comment from : @thinkfloyd2594

Been putting silver away since they took it out of circulation in the 70s I am very happy with what my silver quarters and dimes are worth Precious metals are NOT an investment It is a place to store your wealth brSounds like you expect to make money off your silver Not how it works, it will buy you in the future what it bought before
Comment from : @curlymaplebandit3107

California for sure Oregon and Washington to anything under $2,000 you have to pay tax on if you buy over $2,000 worth you don't have to pay tax on it
Comment from : @bosshoggjdkk5211

I can literally hear the “magic”
Comment from : @chrisstewart3768

Thank you for your honest info It means a lot in the community
Comment from : @PenArrowNation

Silver is not an "investment" Do bnot/b buy silver if you are trying to make moneybrbrSilver is insurance against fiat currency disruption and a hedge against inflationbrbrDo not plan to actively buy and trade physical silver to "make a profit" Silver is a "break glass in case of emergency" trade good
Comment from : @DanielHallmark

I think its a hobbie to many silver stackers they like the look and feel of the coins
Comment from : @Oneloftracing77

One silver eagle MS-70 2025 I paid $2500 for shipping and tax - there’s profit in it
Comment from : @tolund1

I have never paid more than 95 in premium, and have never paid a tax on any purchase What state are you in that charges sales tax on bullion?
Comment from : @fredross3089

Not buying unless it goes back down!!🙄🙄🙄
Comment from : @wallychambe1587

Noooooo… stackers are holding physical…we trade SLV etc check the Shanghai price for the arbitrage!
Comment from : @longballist

I buy 10 ounces of silver a week and I don’t care what the price is If you want to get get rich quick play the lottery
Comment from : @peterealey4004

Do your self a favor forget about silver What a joke and don't forget 25 per cent tax of your gains come tax time
Comment from : @SallieRivero

Probably some silver stackers should be stacking not for profit but dollar protection Just straight silver bars will avoid some of the high premium If buying for profit maybe just buy PSLV stock Its more liquud and you dont get hammered in tax both ways as well as huge premiums
Comment from : @bryanfaucett

Silver is questionable and not my thing I think it’s a waste of money Buy gold and hold cash
Comment from : @FatherDuck80

I can’t believe how you are handling some of those coins I know to you that they are nothing more than bullion, oh you poor sad delusional fool If you treated them with a little more respect than you wouldn’t have to wait so long for a profit To a numismatist, depending on the number minted, those coins that you so thoughtlessly handled , in high MS conditions will bring you a very good price However due to your handling you will get, maybe, less than melt
Comment from : @kconnor4568

Paper money is worthless 😮
Comment from : @RockyNitro5470

Silver is not an investment, for all the reasons you just mentioned It is a small store of buying power in denominations that are sized for barter transactions
Comment from : @scottcampbell7944

Thanks for sharing 😊
Comment from : @quinntheeskimooutdoors6234

You seem to think silver is a short term investment Silver is a buy and hold asset It doesn't matter what the sale price is today because YOU'RE NOT SELLING
Comment from : @falcorthewonderdog2758

Dealers are so greedy
Comment from : @randallanthony1794

I buy 100 oz bars at 30 cents over spot Or $1,000 bags of junk coins too is cheaper than individual rounds or mint products
Comment from : @jeffhays1968

When has silver jumped $10? Also, no tax on silver, gold, etal
Comment from : @ytthieme

Piles and piles and piles and piles and piles of silver at my LCS’s
Comment from : @lotsofthisandthat9791

This past weekend I saw dealers at different coin shows dropping their price on 1 oz rounds to spot silver price, but hardly any buyers !
Comment from : @robertbihn3005