Buying Gold and Silver With “Free” Money? 

💸

Bingo

Imagine they'd hand out a couple hundred million ounces in America, give every one a free ounce of gold instead of fiat... a totally viable realistic option for this rotten system right? They'd totally do that.

Even better if you can find those 5 or 6% premiums!

Kings for a night!

That's great! Best of luck!

Thank you! You're right. We're definitely in the no-inhibition zone.

Cover the basics first!

That's when you buy, when assets are mispriced, when they correct you make profits.

Thanks!

Thank you - I appreciate that!

Agreed! Cheers!

The deals are out there! ✊

Well done!

Isn't it fun how only some people get free money?

@@brandonhenley3597 why would stimulus money go to people that dont need it, are middle class and above, and living comfortably? Isnt that one of the main reasons republicans didnt want a third stimulus? If you aren't making over 80k a year, and need financial help from the stimulus, you might've not filed a tax return for 2019 or 2020. If you dont make enough money to be required to file a tax return, you can fill out a "non filers" form. One way or another, you will get your stimulus check, and the other 2 that were signed by president Trump that you're owed.

The "good ole days"!

Thanks!

Thanks!

That’s a great buy. Thanks for watching!

Thanks, Caleb!

Ha - that's great!

They make pendant holders for Pamp bars. You can also get them for various sized coins. A 5g - 10g pamp gold bar around your neck could be pretty sweet. Best of both worlds.

I'm with you there. Cheers!

I'm not an expert in finance or economic science. However, strange things are happening. Where I live short term interest rates for government bonds are negative or close to zero, the central bank is printing currency and lots of money is spent on support for people that suffered economically from the pandemic. And although I can understand that they're trying to soften the blow for those people, all these things can't be good to stabilize the economy. So the economic system may fall apart at some point, just as you're saying. I think it can be sensible to have an asset that's proven to be stable for more than 4,000 years. So, if prices drop, and some people who get nervous sell, which doesn't help prices to go up again, I can very well imagine that you'd want to seize the opportunity and buy.

Percent Premium = 100 * (Dealer Price - Spot Price)/(Spot Price)

Thanks for watching!

_The_ most widely recognized and second only to the AGE in current sales volume. Good choice.

Thanks, Juice!

Thanks, Météo! The Britannia is nearly perfect. I planned to buy another this weekend, but found something else. They’re still at the top of my list - they look great, and they’re cheap! Cheers!

💯

Good price if it’s minor.

It's not that I'm not bullish. I'm just not irrational. Cheers!

@@2is1gold Being bullish on silver when it currently sits at under 30 bucks is not irrational. Silver is real money and has high instrinsic value. Having all your savings in PMs is not irrational either There is no gurantee that the dollar will be worth anything by year end. Economy collapse is real. Look at what happened to Venezuela These globalists and bankers are purposefully setting the premiums high to desuade people from buying silver! Because they know that the American people are awake and have the power to break their corrupt system by stacking silver. They win if we stop buying! Now isnt the time to be careful but to continue saving in PMs. You would be doing exactly what they want if you let premiums discourage you

If I were a policymaker at a central bank, it would make sense to suppress to sell PMs any time when PM prices are on the rise too much. You don't want people to start seeing PMs as an alternative to the currency that my employer (I stress that this is a hypothetical situation) issues as a general means for payments. And central banks that own PMs are well within their right to sell it. However, it would be strange for central banks to, on the one hand pump a lot of currency into the economy, which they appear to have been doing lately, and, on the other hand taking it out of the economy again by selling gold. I agree that buying PMs should serve long term goals.

@@coppersulphate002 If it costs $33-$40 to actually purchase and get it in your hands, then it isn't really under 30 bucks.

I'd have trouble flipping for a loss, personally. Sovereigns are very well known. I just would focus on picking up other things moving forward. Cheers!

I'm sure the run on premiums will continue!

@@2is1gold Yeah will have to stick to the community for better prices!

You’d be underwhelmed! 😄

Clever!

This round of stimulus feels like a campaign promise or a confirmation of certain ideals. I doubt future efforts will go so easily. I'm not looking forward to future tax seasons. 💸

Don't overestimate governments when it comes to these exit plans. I think they're just praying that any negative effects that come pumping all that extra money into the economy will be limited.

Local shops are wiped out in my experience, but I’ve been able to find a deal or two. Cheers!

Yeah. These videos alter anyone's plans (including mine). I just try to be clear about it and not lure anyone into crazy town. 😄

Speaking as someone who saw it hold below $20 for many years, I'd say some of that is already happening. Premiums are ridiculous right now.

Thank you! ✊

@@2is1gold you're welcome, Game recognize Game, you're content on point.

They're expensive here. They're definitely high on my list if I can find them at the right price!

I like those 1/4's. I also like that high of the buy! Cheers!

It’s already happening. 🤪

The purchase talked about in real time last August is pretty wild. I bought ETH at $385 and BTC at ~ $11,000. It's almost hard to show it here. It feels like rubbing something in. Cheers!

@@2is1gold haha. I know. It is quite similar for me... So far, so good.

That's great!

$32 - that would have been fun!

As an old movie fan, I just viewed a little-known 1959 action picture, "Edge of Eternity," on RU-vid. I highly recommended it. Especially because the plot revolves around a closed gold mine adjacent to the Grand Canyon. You'll smile when the figures $35 and $50 are discussed!

Makes good sense.

Solid plan!

That sounds like a wise thing to do.

Ironically, the stimulus IS debt.

@@TheEnneagram So is every dollar every printed.

Right now, I would pay the minimum amount owed.

There are more important things than to keep buying silver though.

Good plan.

I've got 12th winning thanks to Mr Dawson really he's the best I've made a lot during this period.

Contact him on WhatsApp

1. 9(72). 5(25) 4.6.17

I do not know how Mr Dawson does it. all I know is that he knows the crypto Market like it's he's own farm. Working with him has yield fruitful results, made $29,000 in 3 weeks.

Only in 2008, so finding them is difficult and expensive, unfortunately!

Makes sense. ✊

If you price it at $1,400, I bet you'll get it sold!

@@2is1gold “A fool and his money are easily parted.” Cheers, brother.

A bridge to China at that.... There are no free lunches

@@TheEnneagram proven true over and over and over.

It felt good when I did it too! 😄

I definitely agree on knocking out any debt. Cheers!

Yeah, I'm expecting some of that too.

The local shops here are more expensive and simply out of stock, unfortunately!

@@2is1gold sorry to hear that! It's starting to get that way here, (out of stock). Even his 90% stuff was very limited this week.

✊

Ha! Thank you! 😄

Information is power! 😄

I’m with you on Marianne - she’s a classic beauty. Hoping to spend some quality time with her soon...

Speaking of spendy silver, I keep looking at the Tuvalu and Niue high-relief silver coins. I need to stop! 😄

@@2is1gold Yes, I'm also looking at the 1 silver Balboa from Mexico, but like so many coins from the Mexican mint, these are so pricey based on the current spot price of silver, and the 1/2 Balboa isn't as interesting as the big one. :) Cheers!

I don't put too much focus on it personally because premiums are paid twice in a typical GSR swap (once in the initial purchase, and once in a trade). If you can get it done outside of a LCS, you might have better luck. I have done it a few times, though.

My local shops are either wiped out or selling at crazy premiums right now.

@@2is1gold I’m lucky the premiums aren’t insane here. Also have you noticed how crazy some of the price discrepancies from sites like Apmex vs provident and so on can be so different at times, I’m shocked, it seems people are buying from where ever at what ever price, I don’t think many people are shopping around even a little. As soon as it’s available people are buying. But I fully agree with you that this mass printing will drop the price of metals and I hope eventually scare off people who stack for the “wrong” reasons and give us an opportunity to buy in a dip before prices climb back up.

Looking to flip them or keep them?

@@2is1gold I’m going to leave it to my son when I’m gone

I got a 4 coin set this morning also. Congrats

Congrats. Beautiful set!

Thanks for watching!

Remind me what BYOB&T is.

@@2is1gold Be Your Own Bank & Trust (no one)

In normal times, I'd get spot for a Philharmonic and $20 over spot for a Buffalo.

@@2is1gold Thanks. I did a little searching and noticed many places only offered spot for Philharmonics and $20-$40 more for Buffalos which is almost exactly how much more the premiums are here. Going to move back to the USA when/if this whole Covid thing settles down and it has me wondering if the extra premium is worth it in the long run. Your insights are much appreciated.

From where??

@@JJ-42 local coin show here near home. Unfortunately not online. Wasn’t much left after I bought mine. No Britannia’s or maples. Kruegerrands were at a 4% premium over spot.

Nice! Rare finds.

@@silverbanky9596 thanks for the reply! Great find!!

Thanks!

My LCS is selling junk at good price right now. Never thought I would buy “junk” but bought some 64 kennedy’s (hard to find right now!) and a couple 40’s walking liberty’s...I like the nostalgia of old coins. And making deals, lol.

@@christurgeon6277 I found $15 face value yesterday. Getting hard to find. Love buying without premiums.

There you go!

😄

There's very little sanity going around in the space. 😄

Take a look at JMBullion.com if you don’t have a local coin shop. Cheers!

@@2is1gold got it ..thanks 😊

Sometimes it's just a reporting delay. I try not to look at stats too soon. Thank you, by the way! ✊

Resident fun hater! 😅

@@2is1gold I love it

Nice find!

I'll send you all the free money I get!

The "let it ride" chance?

More like the chance I will make the best of an odd situation.

Ha! The narrow-sightedness of what's "free to me" has been on full display lately. So frustrating. 💸

Thanks, Razza!

@@2is1gold Thank YOU. I'm not American but I recognize wisdom when I hear it. You and Sal have been steady voices of reason, often calling for caution and keeping people grounded in reality. I respect that! 👏

@@TheRazzaManazza well I appreciate that a lot. Cheers my friend!

Some are. I know we’ll be paying for it down the road.

Its free i did not get one im in the U.S. everyone acts stuck up and all jolly who cares

Just haven’t bought any yet. I don’t think enough people think of it as a monetary metal. You?

Just jumped in and bought a 5 gram bar of it to see how the market goes....

Yep!

Philharmonic’s are even cheaper

@@erickisel8668 Yeah, I think there might be some Krugerands on sale on one of the sites as well, but I was just commenting on Britannias because of the video.

@@brandonhenley3597 the Britannia is beautiful. I would like to save up for one. 5% premium seems reasonable today.

I have that feeling too. I'm having to save extra for the decisions being made today.

You'd be going against popular opinion, but I sold the last of my physical silver (except for 10 ouces or so) a few weeks ago. BTC is about to get a bunch of new money poured in this weekend.

@@2is1gold ya. I’m doing it lol. Idc about the popular opinion. What you think? Well you kinda said it above.

@@miked6097 I think the premiums on silver aren't going to get better any time soon. So, if you're selling, hopefully you can get a higher price.

@@2is1gold hopefully but even still at spot. I feel like the “fiat” will do more in crypto than sitting in silver. Idk. Then I could always cash some out and buy more gold. I’m young saving is important but also taking risk is to. Once I’m to old I’ll be only saving lol.

I assume the same.

Hold a min! If that’s true then shouldn’t it be a good idea to drop some money on it now, and then sell at soon it makes a nice profit before the end drop rush??

@@oldmanjenkins771 I did, but do so at your own risk!

What if it goes to $30, but a person paid $40 with premiums? That’s the scenario I’d be concerned with.

@@2is1gold If you are planning on flipping it anytime soon I understand that makes sense. I think most people though are stacking to hold on to It with a longer term vision and goal. Also I bought my silver during the last 3 years and have a lot of it but bought ongoing doing dollar cost average which is key. I even bought some at $30 myself but my average cost with everything averaged out is only $16.30.

I just hope the bill does some good. That's probably all I should say on it. 😄 And Pumpers... well, pumpers gonna pump.

What do you mean, the price is the price?

@@2is1gold I’m just saying that the price is what people are willing to pay for what they want. If supply goes down then the seller can ask a higher price. It doesn’t matter if someone wants to dissect what the asking price looks like, or try to allocate a portion to the commodity price and another portion to “premium”, it’s still the price people are willing to pay. If the seller asks too much, fewer people will buy. The price will drop. I’m not commenting about people possibly manipulating the market and artificially stimulating the demand. Whatever a buyer’s reasons might be, good or bad, smart or not, they are willing to pay the price, so the price is the price. If you’re buying commodities on the commodities exchange, then the price is different. Nothing else that people buy is commonly examined by its wholesale price vs the retail price, or an examination of the retail seller’s profit. The retail price is the retail price. If you’re a stacker, and you want to buy silver, and you want it bad enough to pay what the dealers are asking, then that’s the price. You buy your silver and you’re happy. The dealer gets their profit and they’re happy. And the buyer paid one price. The price is the price.

@@thinkingoutloud6741 the reason I asked is that the price and the buy back value (close to spot) is different. We all know we could sell to a private buyer for the same price a LCS gets right now, but when the music stops, spot might be all a seller gets again. That would be my concern.

@@2is1gold I get that concern. That’s how the dealers want to handle it. They demand a certain profit level to provide a ready market. Same thing at pawn shops. If you need to convert your asset to cash in a hurry, you won’t get full value. The portion of the value you give up is the cost of liquidity. If you don’t truly need that quick liquidity, sell to a different market and retain some of that value for yourself. I think the dealer buy back being offered in terms of the spot price is confusing, at best, and could even be considered deceptive. When selling silver, you should look at the market and just look at the real cost vs possible return. Don’t take a huge loss because of the spot. Figure out what a reasonable “margin” is, based on what the silver is actually selling for. Not spot.

🙇‍♂️

Ha!

That's a sad addiction.