Ep.4 Season 2 - Buying Gold and Silver - Understanding the Spot Price, Premiums and Total Spread

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Season 2 - Episode Four
Host Mark Yaxley explains how the spot price, product premiums, discounts and total spreads work for buying and selling gold and silver products. He also answers many frequently asked questions, like 'Why is the premium higher for silver than gold?' and 'Is it always best to pay the lowest premium possible when buying bars and coins?'. Join Mark inside SWP's Cayman Islands' vault for this educational episode, perfect for both beginners and experienced precious metal investors.
SWP website: www.swpcayman.com
**Remember to SUBSCRIBE to our channel to receive all of our great videos**
About Inside The Vault:
Join Mark Yaxley as he hosts esteemed guests and shares his expert tips on gold and silver delivered to you directly from inside SWP's Cayman Islands gold vault. Inside The Vault provides investors with insights and education about a variety of topics related to owning precious metals. You can follow SWP by SUBSCRIBING to our RU-vid channel or follow us on Twitter @SWPGold or visit www.swpcayman.com.
Season 2 Episodes:
Understanding Macroeconomics with Raoul Pal
Gold and Silver Market Fundamentals with Jeff Clark
Top 10 Precious Metal Products to Own
Buying Gold and Silver - Understanding the Spot Price, Premiums and Total Spread
How to Keep Your Precious Metals Safe at Home
Practical Uses of Precious Metals in Every Day Life
Allocated vs. Unallocated vs. Segregated Metals
How to Buy Precious Metals
Season 1 Episodes:
Coins vs Bars - Gold vs Silver - Which one should I buy?
Gold vs Silver - Which metal is better to own?
Travelling With Precious Metals - Tips for the airports and customs
Shipping Gold and Silver - How to prepare a package for shipment?
Testing Precious Metals - Five ways to avoid fakes
Testing Gold Bars with PAMP Suisse's Veriscan authentication technology
Home Storage vs. Offshore Storage - How much should I keep at home?
Collecting Rare Coins - Expert advice on collecting gold coins
Storing Gold and Silver - At home, at the bank and in a secure storage facility
Going Global - Owning gold and silver offshore
SUBSCRIBE TO OUR RU-vid CHANNEL FOR ACCESS TO ALL THESE GREAT VIDEOS AND MORE
SWP website: www.swpcayman.com
You can also follow us on Instagram, Twitter, LinkedIn and Facebook: Strategic Wealth Preservation
About SWP:
Strategic Wealth Preservation (SWP) is an international precious metals dealer and secure storage provider headquartered in the Cayman Islands. We specialize in the acquisition and secure storage of precious metals for individuals, companies, trusts and wealth management professionals on behalf of their clients. We deliver precious metals worldwide to homes and businesses and offer secure storage in vaults located in the Cayman Islands, Canada, the United States, Switzerland, Liechtenstein, Singapore and New Zealand.
Thanks for watching and if you would like to purchase metals or store precious metals with SWP please visit www.swpcayman.com or email us - info@swpcayman.com

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28 июн 2024

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Комментарии : 565

@tennisgleem 4 года назад

I like this guy.........approachable, professional, informative and legitimate, will definitely do business

@jaykang6199 3 года назад

very calm, thorough and informative. Legit guy

@darrenpokorski7756 3 года назад

Straight forward, no b.s., he understands the process and informs others

@ZenkiCoyote 2 года назад

Yup they chose the best guy honestly

@jduff59 3 года назад

Mark - this is an important video and I recommend this to any new stacker. Watch this video when you first start stacking, and then bookmark it and watch it again a couple months later. You may miss a few points, and when you watch later - they will seem more valid. Thanks again Mark, I'm grateful for this valuable info.

@wizeaux 10 месяцев назад

you explained premium so perfectly in 15 seconds wow you got a sub

@btcarmo5356 4 года назад

Nowadays dealers are buying back silver coin 20% above spot price, selling at 70% above spot but out of stock

@NAVYABHAN 3 года назад

Looking in your Vault gives me even more ambition when things are a little difficult. Amen

@KSASTAMPS 4 года назад

An important facet about "Spot": Spot is the cash price currently paid for 1000 ounce industrial silver bars (minimum 5 bars or 5000 oz transactions). You can demand delivery of the industrial bars from the cash market, but it will take 4-8 weeks to get delivered as the depositories are not geared up to actually deliver silver. Normally, they just change ownership labels on the bars that sit on deposit. If you can EVER buy a small finished product such as 1 oz rounds or silver coin AT SPOT that is an unusual circumstance. The current huge premiums on small finished products simply shows that virtually all these products have been bought off the market. Due to the virus, there is virtually no new supply coming onto the market (mines and fabricators are idled). Even if a fabricator has to purchase in the spot market to obtain silver, it will still take 6-12 weeks for new supply to hit the market. Current pricing is pure supply and demand--no conspiracy needed to explain it.

@maryamkhalid2613 4 года назад

Means can I buy now silver?

@TheGilbalfas 4 года назад

This guy makes me feel good about investing in precious metals

@garrycroft4215 4 года назад

Nothing most of us didn't already know, however if spot is $15 and the premium is 10% then ship me some at $17

@ratlips4363 3 года назад

I wish I'd found you a few years ago. Your information is spot on (no pun intended)

@mostlikely... 3 года назад

🎯😂

@javileon9698 3 года назад

That was an excellent explanation on buying and selling. It answered all my questions thank you for this valuable information.

@lorieedwards180 2 года назад

Excellent info, so clear to understand, learned a lot Thanks

@SWPCayman 2 года назад

Glad it was helpful!

@chrisnstac 2 года назад

This is absolutely the best definition & explanation I have heard- thank you!!!!!!

@dragon.fromindia3235 2 года назад

GOLD AND SILVER ARE SAFE INVESTMENT THAN CRYPTO DURING WAR TIMES...IN FUTURE GOLD REACH TO 2500$/oz and silver will reach to 92$/oz in this year 2022

@silverlover5817 4 года назад

Thank you very much for the video. Please make another video for a tour inside this vault; it's nice to see those silver bars behind you!

@robertson7693 3 года назад

It’s a new year with bright and beautiful ideals , hope you’ll got a huge list for this 2021 . Coz last year was messed up due to many weren’t wise enough to consider investment . But the question, what will you achieve this year?

@eusebiolima1025 3 года назад

Nothing other than the gift of life. And I have consider venturing into something lucrative and profitable , last year was a lesson to everyone especially me . Well seeing 2021 is enough reason to sit down and think about your financial life .

@molleyjake333 3 года назад

Please tell me more about this , I really have to plan for myself this new year

@davidgarry3449 3 года назад

if you knew about bitcoin since 10years ago you won’t be poor ever again. But the truth is that is never late to bitcoin, this year bitcoin is hitting the moon .

@investwithqueenie5491 3 года назад

People are scared of investing because of high rate of unprofessionals in the business.

@robbie6028 3 года назад

@Hbob So true. I’m retired and just started three weeks ago. I have earned $24,000 with just $9,000

@olegpetelevitch4443 4 года назад

It,s always in the favor of sellers ,mints and coin shops ! 35yrs experience !

@OriginalGarth 4 года назад

Thank you for been professional and informative. I love my equities and index funds. I just want to learn more about precious metals, but all across RU-vid the topic seems to be covered by a more apocalyptic crowd. I've watched a few of your videos and I appreciate the calm and clear energy you have. You've gotten me to subscribe.

@lobotomyscam1051 Год назад

The sky is falling!

@tonebonetones 4 года назад

What most people are perhaps hoping, not unreasonably, is long term rises in spot will offset any deposit side of the total spread. In other words, the spread will be in their favour when they sell it in the future.

@EnlightenedPatriot1 2 года назад

Indeed. Prices are still far too low in what they should be, viewing how other commodities have gone up.

@followedd 3 года назад

The best video that I've seen about this subject. Very professional. Thank you so much!

@kevinjoe1211 3 года назад

he is very articulate and clarifies things very well...

@Jorgecanelo94 3 года назад

I love these videos. I just started investing in bullion and I've learn so much thru these videos! Thank you

@scoooterbob2321 4 года назад

Excellent beginner information! Explanation was easily obtained. Thanks!

@polishsilverstacker3246 2 года назад

Video explains spot price for any beginner of precious metal stacking. Thank you!

@noel6987 4 года назад

Really enjoy your videos! Very professional!

@bluefm7370 3 года назад

Basic concepts which you presented in a logical and straightforward manner. This was a great refresher and very informative,more than I expected, thank you, stay safe🙏🏻❤️

@thesarge4457 2 года назад

Thank You so much for taking the time to educate people like me, the Rookie, very informative. definitely will watch this from time to time to help me keep learning. Thank You Sir.

@Bomber848480015 6 месяцев назад

I am a beginner, that was awesome. One of the first things I noticed was the buy back price.

@jimmygog290 4 года назад

Very professional, very good info. Thank you all for making the videos

@mariwillalwaysgivethanks Год назад

omg! Thank you for explaining such an important aspect of buying/selling metals!

@stevegaspar 4 года назад

Great video. I'm seeing closer to 30% for silver premiums from many dealers. It's getting crazy right now

@FishyFun57 2 года назад

Two years later premiums are still $9-$15. They haven’t gotten any better as today silver fell to $27.27 Canada spot price.

@christurgeon6277 4 года назад

Extremely informative thank you!

@lbeckford77 2 года назад

Extremely informative and well presented. Thank you.

@Eli-qr9hc 3 года назад

In my experience with the major online dealers the ASE’s are the ones that are more expensive when comparing them to the Canadian maples

@josephfallon7047 2 года назад

Mark is very help full in understanding precious metals, and it can be very valuable, and profitable in the years ahead, however as many of us know that it will have the up in downs. It is a very interesting business to work in, and an awesome hobby. More to come. Joseph Fallon

@bookbearerplus 4 года назад

Great explaination. Thanks!

@johnlasater8094 4 года назад

Thank you. Very well explained.

@xskalibur 4 года назад

Very informative video! Thanks!

@joshflugel 2 года назад

Very technical and clearly explained.

@dapurnori7427 3 года назад

Very informative. Thank you

@keepingitsimple88 4 года назад

Hey Mark, I recently picked up a 5g Gold Pamp Suisse bar. I'm a gold bug, and proud.

@chriswalters6148 4 года назад

Great brand

@keepingitsimple88 4 года назад

@@chriswalters6148 I will keep stacking Suisse for sure.

@petero958 4 года назад

I want one of those 10oz Pamp Suisse bars in the special plexi case.. just gorgeous!

@Kickey165 4 года назад

What made you choose Pamp Suisse over other ‘brands’?

@keepingitsimple88 4 года назад

@@Kickey165 I prefer the way they let the gold shine through its solid finish and fine writing. The Canadian Maple or Silver Eagle, you cant see that fine finish, it is too engraved with imagery etc.

@TheGilbalfas 4 года назад

Very educational. You make me just want to buy bars...maximise my return. But some dealers don't tell u buy back price so you never know the spread. But I will now be looking at that now and the premium. THankyou!

@liqurmeup 4 года назад

The spread is hower much money they want. It's made up daily. It's a scam.

@RyanBfromNYC 4 года назад

that info was amazing

@maryperrysmith5815 2 года назад

You are doing exactly what I need to know thank you tons

@SWPCayman 2 года назад

Glad you found what you were looking for!

@jamessutherland4172 2 года назад

I was wanting to start buying some gold bars and coins but I didn't understand what the prices were and why I would pay $75.00 over gold price and now I do. I learned more than that but ty for the information.

@SWPCayman 2 года назад

Glad it was insightful!

@saxonstacker7269 3 года назад

Great video. I've been educated. Thanks.

@savagesuccessmotivation 3 года назад

Great breakdown!

@Rosy_corner 2 года назад

This was very informative, thank you!

@SWPCayman 2 года назад

Glad it was helpful!

@betod3113 3 года назад

oh okay know I understand the spot price never understand it thanks for explaining 😊 👍

@livinglifeonlifesterms2450 2 года назад

Thanks bruh very educational and applicable. New subscriber.

@romeosandu 4 года назад

It is the best thing I ever heard!

@ShaneyElderberry 3 года назад

This is why it's practical to trade these metals for other valuable crafts and arts in person. For examples, someone might trade a few kg of silver for an exceptional painting directly from an artist.

@Avicena-tf5uj 4 года назад

I don’t care if I pay a few dozen bucks extra here or their for premium. I buy for the long term, I’m expecting 10,000 $ an ounce gold 2024

@xxterribleone1899xx 4 года назад

Interesting. The housing collapse didn't even get the ounce over 2,100 by 2011. But I mean. I guess 10k is possible. I'm just wondering what has to happen to us to get that price?

@Avicena-tf5uj 4 года назад

xxterribleone1899xx well to invest in Gold is to bet that the US economy can not sustain itself without, A. Writing off all or most of private and nation debt or B. Throw money out of helicopters into accounts of banks, corporations, businesses and individuals and do it under the disguise of bail out or stimulus to keep the system running. They have been pursuing option B for many decades now and it is intensifying rapidly with these recent stimulus checks. Russia, China, India and many others, are positioned to stop demand of US currency for their own trade. Combination of scenarios which is playing out now will seal the coffin on the dollar. In 2008 only Sadam, Ghaddafi and the Taliban posed a threat to the US dollar by deciding to trade oil and gas in gold and non dollar currencies and we bombed them. The Americans can not afford to bomb Russia India China, times are different this time around

@markfrance9924 4 года назад

Arya viejo Don’t be so sure. China and Iran are looking for a beating right now.

@silverfan2196 4 года назад

Your living in a dream world gold will never get there it's time to wake ☝ people. There ripping you off right now because it's hard to get.

@pablolucena4336 4 года назад

I’m with you Arya, clearly some people here can only recall the past 20-30 years of history at best. Ignoring or outright dismissing possible outcomes that have happened many times, just not in the past decade.

@plentius 3 года назад

Thanks so much. Great information.

@TradicionMinera 3 года назад

Great !!! Very useful Thank you very much.

@twolegswalking1092 4 года назад

Thank you for the informative video

@MatthewSmith-wh5dr 4 года назад

Well done video. Thank you.

@eno88 Год назад

One year ago, as a newbie, I made a pretty stupid and negativistic comment. After learning a lot more, and having started investing in metals since then, I'm retracting everything I said. I had misunderstood the purpose of it all, it's not about making money, you're not "playing the stock market", it's not about having something nice and shiny to look at (even though it is nice and shiny to look at). It's about hedging against inflation, it's a lifeline in case the economy goes tits up. It's the "money" in your mattress that never* loses its value. @SWP you guys have made here an excellent video on HOW to invest, but the WHY wasn't in there. It took me quite some time to realize that part, and I'm glad I was stubborn enough to not give up.

@averagejose9949 2 года назад

Very informative, spot on, thank you very much.

@SWPCayman 2 года назад

Glad it was helpful!

@dcooper004 3 года назад

Mark....I’m a newbie and that was really good....thanks

@SWPCayman 3 года назад

Glad it was helpful!

@baljinderpalsingh7003 4 года назад

Thank you for all your help in understanding precious metals.

@paulleigh5351 4 года назад

Really helpful video.

@hunterhamilton7111 3 года назад

Great video! I love it how he explains the premiums involved with Silver, that is why for me, selling Silver is much more profitable than owning it.

@robertmcgee7083 4 года назад

OR, you sell your coins privately, you make above spot instead of getting burned by a dealer.

@Lehearthos 4 года назад

Completely agree.

@21rhocke 4 года назад

Do you have any experience with that personally? How would you go about it?

@bloodorphanreti3621 4 года назад

I bought 20k of coins when gold was 850 20k in coin at 950 and 15k at 1130 $ or so and now with the bulk of my coins bought and the price of gold doubled now goldline is still trying to tell me I am just breaking even. Talk about feeling like there trying to rip me off. Any advice?

@a.carrierexploration 3 года назад

@@bloodorphanreti3621 Just wait. Elections, conflicts, Viruses, all these can make the spot go up. I'd wager a month before the election could be the best time. And try and sell locally, if possible.

@billstac9162 3 года назад

Selling privately usually means advertising .too dangerous

@unclemikecruz 3 года назад

I just started to stack coins. This is a very informative presentation for me.

@B400 2 года назад

Please explain the process of stacking coins?

@johnnyb3126 Год назад

Great information thank you for sharing 👍😉

@tiedtight6895 2 года назад

This video was needed 💯 💯💯

@SWPCayman 2 года назад

Glad you enjoyed it!

@justint.4254 4 года назад

Spot price doesn't work in an honest way, but your explanation makes sense for a real market.

@towdjumper5 3 года назад

Great information video. Thx for sharing.

@SWPCayman 3 года назад

Glad it was helpful!

@maxcloutier5285 4 года назад

I bought some 2 onces silver Canadian mint coins in March. I paid 31% and 48% premium. The premium for an American Eagle is now 60%. This is a lot more than with your example were 18+3=21$ gives 17% and even more than the 9-10% you mentionned. Those who bought at those "vintage" premiums were Lucky. Premium asked in my place for gold onces are not 3-4% but 10-14%.

@xxterribleone1899xx 4 года назад

I think it'll go back to normal premiums in later August or after this virus is under control. Its just that Paper silver (stock market) killed the spot price once it was sold off to get cash to buy more stocks at all time lows. Spot dropped off to 14 bucks from that dump. Once that happen bullion dealers weren't about to sell off their inventory at a lost. So their reaction was to say they were all sold out. Yet no one, not one person, online in our community has reported getting silver sub 17 dollars when spot dropped to 14 and change. In reality they were hoping spot price wouldn't hold at that level and would bounce right back to 16-18 dollars and tried to hold out. Once it didn't, they came up with the story of being sold out and even raised their orders to a 300 dollar minimum. Low stock but you have to order 300 dollars or more? Doesn't make sense. There's less inventory but you have to buy in bulk? Anyways, what they didn't predict is that wholesalers would shut there doors due to Covid 19 and wouldn't be able to order more inventory at a lower spot price to lower they're overall price per ounce at their stores. If you see in a timeline of what has happened its pretty easy to understand. Now as spot price goes back up slowly, the 300 dollar minimum has been lifted and their brand bullion is starting to come back in stock with a higher premium. Yeah silver that didn't sell before is first to come back. Spot is just under 16 dollars. But with the hype, some dealers are taking advantage for sure. GSM for example has started to sell Silver shield coins that you could get for 19 dollars, taxed, and shipped before for 35 bucks now. Saying Silver is finally selling at it's true price. I think our community is smarter than this and most have already said this is a time to sit back and stop buying. If you look at the history price of silver it makes perfect sense. Some years it was just too expensive to buy and people who bought during those years are now currently at a huge loss instead of gain. Imagine you buying silver at 30 dollars for it to sink to 14 now. Some times its just better to sit back, relax, and focus on other things while this blows over.

@maxcloutier5285 4 года назад

@@xxterribleone1899xx , thank you for this valuable study. I am somewhat new to this market. I had a good hit when silver went to 50$ an once and succeeded to sell scrap at 37$ an once. Since that event, I was quiet focusing on other things. I just returned and faced this premium thing. I also must deal with the 40% Can/US dollar exchange. This will hurt at the end because when price of all metals will go up, the Can dollar will go up too. Anyway, I bought some silver because I think that the price will eventually go up a lot, enough to offset premiums and exchange fees. I think / hope that prices will go down to allow me to make some other purchases to lower my average cost. I expect that this will happen in the next 6 to 9 months when the stock market will crash again. There is no valid reasons why the stock market is so high when most companies are facing bankrupcy. When people will sell everything while stock market get to the Bottom, silver and gold should be used to cover losses and will go down… for a short time. This will be the best time to purchase in my dreams.

@FishyFun57 2 года назад

@@maxcloutier5285 Yeah our Canadian dollar is more like a Mexican peso ☹️. I avoid buying as much as possible items imported from states. I used to sell in usd on eBay in 2013-2014. So it allowed me to buy in usd without the exchange rate charges.

@bryannguyen1012 2 года назад

The best video, I learned a lot

@khallodah1 2 года назад

Thank you Mark. good vid.

@SWPCayman 2 года назад

Glad you enjoyed it

@nicodemus807 4 года назад

Awesome video.

@richardjr 3 года назад

Thank you for your help ! Richard Jr.

@SWPCayman 3 года назад

Happy to help!

@G74562 4 года назад

what are the best places to buy that you would recommend?

@samuelpelletier-langlois9097 Год назад

Was really good video thank you

@avantgardetreasures3419 3 года назад

I was looking for information good place to start

@Bill-xx2yh 3 года назад

Great channel, thank you. PS. Your vault would be a GREAT Bread and Breakfast.

@harrywalker1621 3 года назад

Great info thks

@benstone5650 2 года назад

Damn good education for this beginner!

@SWPCayman 2 года назад

Glad you enjoyed it and think so !

@DrGirth 3 года назад

You mentioned about listing the coins with lowest Spread ! Can you post them please

@chirstinatrang5995 4 года назад

thank you

@danavipuzzles7308 4 года назад

It seems to me that the spread with rounds is usually the lowest spread, which is why I stick with them rather than coins. Not interested in having to worry about, calculate, and negotiate premiums if and when I ever sell. I'm stacking for the metal value as a long-term hedge against inflation, not for the premium value and not for a quick profit. I'm hoping to hold on to them for many years, hopefully decades, at which point spot will likely be much higher than it is now anyway. If and when I ever sell, I'll be fine with getting a bit under spot for them.

@7736164 4 года назад

same strategy as me, my friend. About 90% of my total stack consists of 20oz tubes of 1oz round/generic .999 coins, .999 10oz Bars and 1kg Bars. When I first started stacking I was buying American Silver Eagles at US$25.00 per oz when the spot price was US$14-15.... I've done the maths on my purchases and I'm much better off buying locally-minted New Zealand Silver Fern .999 1oz coins & bars at 5% above spot price, which are genuine .999 quality anyway, than paying the 50-70% premiums for ASEs and Perth Mint coins. When it comes to sale time in a few years the dealers will only offer around spot or slightly below spot price anyway, and in a few years the price will be higher than US$14-17 anyway, in fact I'm not going to sell until it goes above US$60 per oz... so I will have made a tidy profit regardless. Pure silver is pure silver.

@kcash6359 2 года назад

I agree with both of you for the reasons, although I have both rounds (bullion) and ASEs. The only time I can think where selling rounds for a great deal under spot would be if the manufacturer of those rounds, for whatever reason, might be unpopular at the time. If you are selling to dealers, they would be looking to re-sell those rounds, and if they aren't selling very well, they would have to lower their purchase offer to buy from you.

@josephgraham1065 2 года назад

I agree you will get much more silver buying the generic vice the premium which will make up the difference when you sell.

@Eli-qr9hc 3 года назад

SDBullion has 2021 ASE’s 40.00 and 2021 maples 36.50. I couldn’t use your analogy in this experiment. The ASE’s are the ones that are more expensive. (+3.50)

@imranfromindia1 4 года назад

Thanks ...

@michaelbarry7389 4 года назад

Prices excludes shipping??

@crystalsheep1434 2 года назад

6:26 like the coins ... Like the stock

@SWPCayman 2 года назад

Glad you enjoyed! Cheers!

@anthonys239 4 года назад

Very informative video. Thanks for sharing👍

@SWPCayman 4 года назад

Glad it was helpful! Be sure to check out our other videos and subscribe to our channel.

@sagittariusque8932 4 года назад

@@SWPCayman Does the year matter when buying? If so what years do you recommend?

@EnglishVeteran 2 года назад

Another consideration is Tax. In England you do not pay VAT on Gold but you do on Silver. You pay Capital Gains Tax on Bars but not Coins.

@ttestates1 3 года назад

Great Video

@happyseralstudent 4 года назад

I liked the intro music from season 1 WAY more

@markhadley1545 3 года назад

Very educational

@bobbygzzz7116 Год назад

Great info...starting to stack gold n silver

@wosimtahan8576 3 года назад

Holly shit the amount of gold and silver behind him is worth billions of $ never seen so much money in one place amazing most people have no clue how much money that is

@devilsandwich8849 3 года назад

Billions nah hundreds of millions yes

@arunashiva7936 3 года назад

Good information sir

@ect8565 4 года назад

My local dealer is charging 68.4% over spot for silver coins.

@nicholasmohammed36 4 года назад

What a thief !

@chriswalters6148 4 года назад

@@nicholasmohammed36 yes terrible

@xxterribleone1899xx 4 года назад

Hey, he got bills to pay. lol

@liqurmeup 4 года назад

That's what I am saying. They make up this SPOT price as they see fit. Fuck them, it's all a scam.

@georgethebear1812 4 года назад

Did you buy at that mark-up

@x2v222 4 года назад

Thanks Mark! Great video!!.. I started buying silver and realized a big dent at the back of the bar? Does this affect its resale value?.

@spiff2003 4 года назад

@latinbeater1 3 года назад

Looking for the list of 10 best to buy?

@chuckchapdelaine6110 2 года назад

I already “liked” the video, but I watched it again to pick up on other knowledge, and would give you another “like” if I could!

@ronrandall7118 2 года назад

When the time comes to sell PM's, how do you sell the PM's in a private vault above spot price? For example, if you hold PM's in a private vault (overseas), instead of selling back to the seller at spot price and they gain the premium as pure profit + a commission/sellers fee, how else can you sell and gain at least a partial of the spot price + premium?

@stevenhalf3078 4 года назад

robbed when you sell, robbed when you buy.

@joycekoch5746 4 года назад

@ykshootraw x Totally agree. I got killed for years trying to sell silver without getting cheated - it is much easier to deal in Krugerrands and sell them at a price at or even above spot.

@ryanbianchi6582 3 года назад

Sounds like you got "cheated" because you were not educated

@joycekoch5746 3 года назад

@@ryanbianchi6582 Education in the precious metals market in the 70's was not as easy to arrive at in the metals market. Now, if happens to one it's ones own fault with the information all over the place but 45 years ago it was not the same landscape. Lucky, even after getting burned, I did not sour on it and the school of hard knocks made me into a better investor. Something like this is good for young investors as it makes them wiser over time. I now am able to help younger folks wanting to enter into this area.

@joycekoch5746 3 года назад

@ykshootraw x If you have no debts go ahead and buy gold and silver provided you have at least 5 months of saved money of expenses in a emergency fund. Always have the emergency fund first, zero debt second then invest. Only invest in things that you are willing to wait 5 years on. Whenever you feel uncertain, you can dollar cost average, that is buy it in small bits over months so you get the average return. And of course, don't invest till you have zero debt first.

@jung.k 3 года назад

@@joycekoch5746 well if you try to sell during decade long bear market they are not gonna give you good price.

@khalidwalid3178 Год назад

Fantastic explanation, but i have one simple question. In every gold websites you can see the spot price,but is that the gold bid or gold ask spot price viewed?