SD next time when you interview any bullion dealer, can you ask them if we were to pay online through our banking, and in the future, if the IRS or any government agencies ask for all bullion dealers to hand over all their records of all their customers , would they comply and do it? I am not sure if I am the only one here that is concerned about it, but I don't buy online for this reason, always shop at local coin store. Ask SD Bullion this especially, cuz they are one of the biggest, I want to hear what they say. If you all reading this wants Silver Dragon to asks this, click the thumb up button to bump up the comment!
He is awesome, glad you got him on. Wanted to add, I was having a tough day a week ago and when I got home and checked my mail I had a sweet surprise, a Silver Dragon Silver Back, I was a winner, perfect timing, fun surprise. Thanks for what you do.
...another great one as usual. I received my Silver Dragons/Silver Back in the mail yesterday. It is wickedly awesome! All of my family members oohed and aahed over it. I ordered a silver and black currency sized picture frame for it. Can't wait to display it! Thank you Silver Dragons & BullionMax for the amazing prize!
@@bobstiger435 yeah man. I purchased a reverse proof eagle set back in 2013 I think but the quality was superb. They even gave me several nice display boxes. Makes me nauseous how low the USmint has fallen. I've seen recent gold proofs w obvious errors.
bullion max is extremely high on silver, my lcs is only 2.50 over spot. what is with the high premiums with online dealers? they should be cheaper than a brick and mortor store.
Interesting content. Is it still advisable to leave idle money in a savings account at an average interest rate of 0.85%? I want a better way to diversify my portfolio and with current inflation, crypto gain taxes are no joke. I also have to ask, due to the current crash in stock prices, housing, and the financial market in general, I would like to know the most efficient way to make my money work for me without falling due to market fluctuations as we are in a bear market. Any tips?
I've been thinking about the market for a year now and most people wouldn't know what to do because this is their first bear market, after hitting an all-time high, it would be so sad but then have you tried contracting a cfa to establish a diversification plan? Basically, I just made my first $100,000 in a time of high Fed pivots, you should consider investing in mutual funds like Vanguard, Schwabs, or Fidelity. Crypto is also good because the returns are quite high, but to be on the safe side. Choose stock-based mutual funds
@@mondior5566 i should retire in a few months, so any tip would be nice, and yes i have also tried to get a cfa but it is hard to find one that truly grasps the entirety of the different sectors, i am very open minded plus if i can't have it all then there is no point, if you get what I mean
@@mikemike1200 sure it took a while to find the right cfa for me but it has been up from there honestly, my cfa has been great so all my profit margin success is just honestly him
@@mondior5566 That must be nice, after all these past months I have lost over £103k I need to get to your cfa, I really need a good diversification option right now and I would appreciate it so much
@@mondior5566 I can't place where I heard that name, but I’m sure it is familiar, I have been hesitant because of the bear market and crypto tax in my country, I did this last year, only to miss out on a lot of good projects and I wouldn’t be happy if I repeat that same mistake. so you can understand my haste. I got a little more than £127k in my HYSA(Savings Account), I know it needs proper management cause I need my money to work for me, I can’t just have money sitting there for nothing.
Their mailing process doesn’t impress me. Not safe in my opinion. Now if they would mail my order in a box 📦 that would change my mind about them, otherwise they are sufficient in quality, etc.
getting frustrated with the "click words" like EXPOSE !! your channel is one of the best out there .. doesn't need any key words IMHO ... thanks for all your hard work !!
Isn't it odd that when silver was around $17 per oz that Eagle premiums were such that the per coin price was $34. Now that spot is $24ish the per coin price is still $34? Market manipulation???
Just thought I'd put this up. The A E's are being counterfeited out the butt. I got my first one's Nov. 22. Weight was spot on, not magnetic, Reed was missing at the sun too. Diameter was off just a tad , thickness too so I tested my calipers on a burnished from the mint. Would not pass ping test. What caught my eye on my fakes was the sun's small ray at 9 o'clock was missing on every one. I got my money back and did not have to return the fakes. They were not cheap either, . Watch out who you buy from!😛😛
I remember ordering some silver Brits online and the package was accidentally sent to my next door neighbor instead. Fortunately, my neighbor knew the package wasn't his so he delivered it to me in person. I mostly blame the postal service carrier since USPS is crap in my area, but I never have this issue with UPS or the other carriers. This is why I usually prefer to buy PMs in the shop imo😄
Wow! The same happened to me. I literally had to call USPS and they found the carrier and sent him back to my building (NYC). He was defending his job and believed he did everything right UNTIL he opened the mailbox... Low and behold he gave it to my neighbor (She stole another package from me and when i knocked on her door she handed me my package😐). May have to go in person as well. 😏
BMX was crazy fast with my orders, even with a new ACH as a first buyer there, during Christmas rush. I like my Silverback, too. My spouse always looks a bit angry when I get a "surprise gift" in the mail. But she knows I'm buying money instead of trash.
Well I'm one of those that don't have a coin store in the town I live in. The nearest one is an hour and a half away. So my only option is bullion dealers. I haven't ordered from Bullion Max yet. I did win one of the Silver Dragon silver backs. It is beautiful!!! I've been looking at bullion max lately I may pull the trigger next time I buy. Great video, great information. Thanks. Keep on stacking brother!!!
Thinks for sharing that. I got my first package this week and you are correct, it's like Christmas in January. Looking forward to more Christmas mornings. 👍
I sold off 100 Maples , Philharmonic, Roos and Elephants , along with some silver rounds last week. I travel from central to south Florida every week so I called 20 coin shops including some I’ve patronized for years….You get the same amount upon LCS buyback for low premium coins as low premium rounds…The best silver to buy is the least expensive 1 oz rounds in tubes. However selling to a fellow stacker (which I did) you at least get a retail premium , and your coins are more desirable than rounds.
Never thought I'd see any other site be higher than Apmex, but BillionMax certainly takes the crown now, absolutely overpriced more than any site or LCS I have seen. Pathetic, especially coming off the silver lows and high premiums we just experienced the last couple of months. They should have their ish in order. $30 buffalo rounds is terrible, absolutely terrible!
Did y'all miss that? I call BS! You agree that the premium on Eagles starts at $2.35 at the Mint. And the we jump to "our price is $17.50 but we don't make anything on that" and you don't explain?? If you don't make anything, whotf does? Hey SD, please ask the hard questions! Shipping, middlemen, codb, all apply to every product! C'mon Man! Tell us where the other $15 go ON EVERY COIN.!
In the first two months of the year, my money increased from a quarter of a million to a million dollars, all because of a trustworthy broker that reputable stock market sharks suggested to me. You may diversify at any age, so start now.
Annette is the best person to go to if you want to invest in stocks; since she started investing for me and started with 600k, my stock portfolio has grown to around $6 million. Working with the correct group or individual is the key to every successful journey.
Hey S.D. just wanted to shout out bullionmax and yourself and say thanks just got my Silverback from the giveaway. So amazing, thank you so much bullionmax!!!
Eagles have high premiums, only because people will pay it. I’m done with it until premiums come down, meaning people refuse to pay it. That may mean that I’m done, period. I have plenty... would like more, but not at that premium.
Great video. I wasn't born yesterday. The on-line dealers make plenty of money on premiums. Of course, some will gaslight you into thinking that they do not. You will never get the premiums that the dealers get, when you sell your own metals back. It is a shame really.
We may be entering a period where the liquidity of our metals should be under greater scrutiny. Also allocate by weight rather by USD matrices. Your silver portfolio should be that equal or above the GSR in order to establish maneuverability within the physical market. (Suggestion)
The gold to silver ratio GSR based on or by market value (not out of ground) is basically how much one product is paired to another (in this ounces of silver to a single ounce of gold). As of today 3/27/23 the GSR is about 85:1 (84.9 I rounded up). So for every 85 troy ounces of silver it is equal to a single troy ounce of gold. If you have for example 120ozt of silver, you are ahead of the GSR by 35ozt (one kilo). Which you could possibly allocate another half ounce of gold and have 3ozt of silver remaining.
@bobbyagee3796 Thanks for the information. If I understand you correctly, I can figure out the GSR by dividing the price of gold by the price of silver, and this is the GSR?
If you live in the UK then buying silver is not a great idea. All bullion deals except Gold that is legal tender are subject to VAT and/or Capital Gains Tax. I'm buying Gold Britannias. If the price at around £1600 each is a problem then consider Sovereigns.
I love my online bouillon dealer.. I tell them what I want and they send it to me on a payment plan for zero extra cost. I have gotten 1000 dollar plus coin without any payment made. At the same time I always pay fast and I have been with them for a couple of years now. It's almost as a personal relationship as I have with my lcs but my last wants all the money at one time.
Keep hearing this advice about the big bars. So, why should we "Keep stacking" if the LCS can't handle buying back 1 kilo? And I'm supposed to believe that they'll buy back more than they have to, to maintain the facade? Someone show me this big silver sale back to the LCS. Let me see them buy 100 Silver Eagles back for over spot. I don't think it will happen. Drive far to the next one, they almost certainly warn and coach each other about shoppers. Car dealers do. I know.
All the coins stores around my area are making margins on both sides. They sell for a premium, and buy below spot regardless of the coin. It's frustrating....
I just started buying silver and have done it through a reputable dealer on ebay cause of the price diference on their web site, but also started to see silver and gold being sold on tiktok and at much lower prices ( 2-3 dollars over spot) has anybody bought on tiktok please chare your comments
I found it is cheaper to buy from a legit coin dealer but through eBay there is no shipping charge! Which is a big deal it adds too much to your purchase and eBay has no shipping but only the legit coin shops!
I have a coin shop a mile up the road from my home. I have been buying silver rounds for $2.00 over spot and maples and eagles at $29.00 for 1ounce coins. Is this a decent deal?
The Margin on the One ounce silver kangaroo coin is in excess of 20 % , a bit much ! On a Canadian silver coin as much as 40 % plus and when you sell , well you get the spot price less the 5 % or so Margin , one will have to wait for a 50% jump before to break even , Sad !
Why do these people sell gold and silver for fiat if the dollar is such a horrible thing? Why don't they keep it instead of selling something of worth for something that isn't worth much?
My local coin shop wanted 6 bucks an oz on silver spot prices the other day. It didn't matter if it was generic poor's of any size, bars of any size or buffalo rounds, anything else was 10 to 13 bucks an oz over spot. Is this normal?
Check out Celtic Gold. Good prices, very honest, arrives within 7 days. I'm new to stacking. Someone recommended Celtic Gold to me. As far as I can see, they are the lowest price on coins.
I love eagles and maple leafs and Britannia's and anything Perth mint and philharmonix and kangaroos and Buffalo's and alot of the fun stuff....If it's silver or gold I like it!
This dragon is sort of cool I watch others pour silver into whatever this dragon would look coin on a coin, do you have it? If not if you showed us pouring it and offering well I bet you could not keep up with supply yet it is a quick cash dump I would buy it. When I look at silver content creators merch it is usually cups and t-shirt heck I want coins
Guys, Here is what you do when you decide to Liquidate your silver. YOU BECOME A DEALER and SELL IT .25 cents less than the market. Set up a website, sell it as a business! Its easy.
When I first started SD was in that list of less expensive, but in the last year or so, you are correct they have moved up into the more expensive group.
What about discretion on my purchases.. Let's say,I buy $500 of lower premium silver.. I don't want anyone to know what that $500 purchased.. How does it show up on my statement
I usually prefer to buy 10oz or 100oz bars. But I have purchased a significant amount of 1oz Silver Eagles and silver rounds. Shop around and find a local coin shop or Bullion dealer: not shipping, not insurance.
I was stacking American Silver Eagles but then the premium got too high. I would have had to wait too long for silver appreciation to break even. This year I am building my rounds because to sell my LCS pays spot for a round and only pays one dollar over spot for the Silver Eagles. Why am I going to pay nearly $17 over spot only to get a dollar back?
SD Bullion wants the same for e-checks.. use Plaid to process and that includes giving them your cking acct password (I don't have prob w/ acct # & routing #). Called my bank (is a large banking syst), they said they don't 'honor' them. I take that as a do at your own risk, you want to give out your password your on your own. Otherwise any fraud on my accts they are good at handling. So, NO! I do think they (Plaid) handled a verification of acct somewhere else (they deposit two small amounts, you verify the amounts and then they reverse/take back the amounts and your verified). No prob doing that either (have several times over the years [Ebay for one]).
Bullion max is always out of stock of dam near everything. Been checking for the past 2 months and always says out of stock on 90% of all of their stuff. I never have this problem with SD Bullion or Money Metals Exchange. I’ll pay a premium with them because they always have product in stock.
One has to wonder could it be that the powers that be are or could be behind some of this as the last thing that these people want is for lots of people to be diching there £/$ or whatever money they use I just do not trust anyone these days even the people who are supposed to be looking after us.
On metals IRS wants capital gains paid (or loss~up to 3k ea year), shouldn't that also be allowed on US Dollar bill?! lol. Refund me, promise I'll spend it (help out that GNP). They'd prob cap at 3k too, so no big help this year (not a 'refundable' credit, just reduces amt taxes are based on). No big refunds (for the working poor anyway...) 😄
