I stopped buying silver bullion coins. This is why 

Well, why bother with silver then? ;) Brass, lead and powder do not contain any of it. However, and here's the important bit: Owning those is as illegal as it gets over here, so that's not an option. I have bows and most importantly a farm. I left my country before, so I'll be doing that again if it gets too bad again, as I now have my prove of concept. Silver might be useful for that, but also incredibly risky because the more you take with you, the bigger the target on your back gets. One car. Everything that doesn't fit into that is gone. Silver only works for that if civilization works where you are going. How likely is that when you have to leave a massive country like (I'm assuming that's where you live) the US? Not very, in my opinion. So if s really hits the fan, and I mean REALLY, because otherwise you wouldn't need any of the stuff anyways, having so much value with you, with no real way of defending it against, for example, a lot of armed attackers, is a massive risk. As I said, might work if everything is fine where you're headed, but the likelihood of that being the case is tiny. Want some advice from someone who already had to leave their country once? Take a big Peli case and really think about how you can fill that thing so that you make it absolutely everywhere. That is much easier than you think. Fill the gaps with silver, if you feel like it gives you an advantage, but don't make it too heavy. Until then, I like my coins and I'm not about to sit here and make my life less fun before anything happens, been there, done that, not worth it. I like silver bullion, but not for the 50% markup we have to pay in europe at the moment. Thanks for watching, all the best 👍👍😊

@@scrappingadventures290 I really don't bother too much with silver anymore. I get gold more often than silver these days. I am in the US, and also have a couple of sling shots and bows, because at the end of the day even bullets and powder are finite, but you can always pick up a stone for the sling and make arrows for the bow. In a real SHTF scenario the only thing that will matter is survival. Anything that gets in the way of that gets removed with prejudice. As someone that has been to many countries I am very keen on traveling light. As someone that has been homeless I am very aware of what real survival is like. As someone with a family I have an exit strategy for a few scary situations.

Well, there you go then. If you know all your stuff and have a plan, there's nothing wrong with having a good life in between. And obviously, we should all do our best to prevent bad stuff from happening, but human kind hasn't been very successful at that, pretty much ever, so oh well. We'll see what happens 🙃👍

@@scrappingadventures290 I would never claim to know all my stuff, but thank you for the words of encouragement. I agree that it seems many humans have no humanity, mostly those we allow to be in positions of power. Stay safe and have an amazing day. 😁

Absolutely, it's hard to get to a position of power and still care for people, happens very rarely. Thank you mate, you too 👍👍👍😊

Thank you so much, I'm really glad you enjoyed the video 👍👍👍😊

Yeah, because Morgans weren't worth more to begin with 😅 There were literally hundreds of millions of them out there, absolutely no collector's value. At least for most of them. However, everything was most definitely not worth spot, that's ridiculous and I know that it's not true. A lot of things of course were, just because the price obviously made up for the premium, but a draped bust dollar from 1804 is not randomly worth spot because spot moved up a bit. There's literally 15 of them out there, I'd imagine that it was worth at least 20 grand, even back then. Talking about 2011, adjust that for Inflation for the 80's. So if one melted that down, he'd be a lunatic and deserved to lose his money in such a dumb way.

@@scrappingadventures290 i only kept literally 15 of my toenail clippings, is each one "worth" at least 20k?

Exactly, we can't get everything right, but we can try our best 👍😃

Thanks 🙂 Mostly online, to collectors like myself. Thanks for watching 👍

Cool, that sounds fun too 👍😃

Thank you so much, means a lot 😊 👍 Exactly, everyone has to find their way to get around those massive markups, we are at 45% for bullion stuff now here in europe. That's a ratio of 57 to 1. Gold seems quite favorable if you look at it like that, but I still like silver. Thanks for watching 👍

@Imnohomo It really depends. Take a look at premiums on 100 oz bars too

@Dr T Right on!

Yes, the premiums are way up on almost everything, that's physical silver

Well, collectible coins always had a higher premium over bullion coins, the percentage of this difference hasn't changed a lot, but of course, they went up in markups too, that's just how it is with silver. In europe we are at at the very least 45% markup on bullion coins, which is a ratio of 57 to 1. Thanks for watching 👍

And it gets even worse, we pay about 45% markup over here in Europe, that’s like seven or even eight times the markup we have on 1g gold bars 😅😅😂

Depends on the design honestly, that's what makes or brakes the profit. I am excited for the new lunar 3 dragons that are coming out next, if that design is good, they'll be good in the future. But don't hold them for too long, the lunar 2 started going down again after some time. I also like the Wedgetailed Eagles, they've been good for me too. But there are lots of good coins out there that have the potential to be sought after in the future, depends on what you're looking for :)

Exactly, that's the best way I was able to come up with as well, works very well..Thanks for watching 👍👍

Excellent idea...

You are absolutely right.

Makes sense to me 👍 Thank you, I certainly will 😊😊👍

Oh yeah, forums on the internet, only wisdom and truth is spread in those, of course.

Then your going to the wrong forums 😮

That's cool 👍 But no, not for me, I have a lot of silver bullion, a lot lot 😅 That's why I don't see the point in paying 45% markups for it now, as I bought most of it for like 15% years ago. It's exactly the same stuff, you know? So I decided to wait if the markups are coming down again, not the case at the moment, unfortunately. Thanks for watching 👍

@@scrappingadventures290 lucky you ;)

Sure, collectible silver is much more suitable for making a profit, if you want to do that. Thanks for watching 👍

@@scrappingadventures290 I been “stacking” for over a decade and I see now what is more liquid the generic/ mass produced bullion or some Art bars from the 70’s and 80’s yes they both store “value” but remember ALL silver stackers have a couple of silver pieces that are cool. Then the price for that goes up and stays up as more stackers want it. Just what I have seen.

I agree, limited things are a very easy way to make money nowadays. Quite interesting.

Yep i have a small silver channel and i am from australia and i won't touch ASE anymore the premium is rediculous and you wont get your money back from bullion dealers if you try to sell them back.

Not sure what on earth an allegory is, but if you are talking about the Germania Mint coins and medals and stuff, I like some of them, but of course they are collectors items. Thanks for watching 👍

Yup, at least as far as bullion goes for sure. I love the gov coins, but not at any price. Thanks for watching 👍

It's unfortunate, that's for sure. I'm not in the US, so I just don't know hiw the situation is over there, but we really don't have a shortage in Europe. 10oz Bars are quite rare here, but not as rare as generic rounds, as those have a tax disadvantage over coins in some countries over here, so they don't really get imported and no one bothers producing them. At the moment I don't really buy, I have a lot already, but I'm always looking for deals and I will resume my buying next year. Thanks for watching 👍👍😊

:D No mate, the ratio was 65 to 1, as no one could buy a 1oz finesilver coin for less than 26 bucks. Besides that, I stopped buying like a year ago because I had enough bullion silver for now and as I said, I'm not just about to give my money to a dealer. In case you're interested, we are at a ratio of 57 now in europe. Getting interesting. Thanks for watching 👍

Thank you mate, glad you liked it 👍

Thanks, glad you liked it 👍👍😃 Of course, I would probably continue to buy both as well, but I'm good on bullion coins, I'll continue with numismatics now 😊

Absolutely mate, very happy you liked the video 👍👍😊 I love those old US coins, but they are unfortunately almost impossible to come by on my side of the pond. Oh well, at some point I'm going to get into those as well. Thank you so much, you have a wonderful week as well, blessings 👍👍👍😊

As same as you, and I also consider the design.

You're very welcome, thanks for watching 👍👍👍😊

Sorry, unfortunately not, I'm from Europe, I don't really know any dealers in Canada and only a few in the US.

Well, probably not, I thik you are right about that, but that's not really the point of silver. The point of silver is to have something that is always worth something and that protects you from financial crisises. Besides that, some of the coins I bought in 2020 have tripled in value by now. I doubt that any stock market will do that any time soon to be honest, so I'm pretty happy with it 😊

@@scrappingadventures290 you are right about value of silver getting 300% from 2020 and that silver is relatively a good, secure investment. However what i said was in regard to quick payoffs like in 2021 crypto was getting your initial investments 10x.

"Silver" didn't get that much in value increase, stayed pretty stable, it's some coins that went up a lot in collectors vale, that's my point. Yeah, crypto, sure, i guess. Would take a lot for me to invest any kind of money into stuff like that, like, physical force for example 😅 Certainly won't put any money into crypto voluntarily.

Absolutely, and you probably are in the US, so you can do that somewhat easily, unfortunately we have to pay 20% tax on silver, that was the reason why everything was trading at at least 35% over spot at the time I made the video, but it has gone down quite a bit since then, fortunately.

Damn! A 20% tax on silver? Each state in America has its own sales tax policy. In my state there is no sales tax, so grateful for that. But the state just south of me charges 6 1/2%. Man that’s a bummer. But it’s still well worth it to keep buying! Best wishes for the new year to you.

That's really nice, I hope we can get rid of this damn tax again in the future, typical left wing government, said oh, we will tax the richt! Then they figured out that "the richt" are paying their bills and just taxed the middle and working class, way easier 🤣🤣 I hope we can get rid of them and this bogus tax in the next election, let's see.

​@scrappingadventures290 exactly that's what I try to tell people. Alot of people don't understand that

They sure do :)

I don't need any more lead or food mate, guns are completely illegal over here, I have bows. And I have a farm, food is fine. If I have to leave my country again (had to do that before), then I can only take so much silver anyways before I draw a massive target on my back. Thanks for watching 👍

Not everyone buys silver for a SHTF situation. If there's no SHTF situation he will be way better off in the end then those paying unrecoverable premiums for generic rounds and non limited mintage coins.

@@scrappingadventures290 Guns are completely illegal? Even for hunting?

I'm not sure what you are trying to tell me mate, I'm sorry

It's mainly because he is in Europe.

Yes, I think that makes a lot of sense actually, especially if you don't have a lot of other assets that are worth a lot. Thanks for watching 👍👍😃

@@scrappingadventures290 I ran out of other things to invest in😅. I've got my retirement plan, investment account, a house, etc. This investment/hobby is a lot more fun!

Interesting, over here they are completely stocked, but everything has a markup of at least 45%, went up by 20% in less than a week. I guess there are multiple ways of dealing with that. Thanks for watching 👍

True, especially if you live in the US and you can still get silver near spot, I think that's very reasonable. Thanks for watching 👍

If it works for you it's fine mate 👍😊

👍👍

@Dr T I only buy from reputable dealers with sigmas and XRF machines so… none fake thus far. I see no problem with what I am doing. Don’t get me wrong I diversify to sovereign mint 1 oz coins as well

I get that, eventhough I also like the new design, the old one was very nice and of course veeeery iconic. Thanks for watching 👍👍

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Well, in that case everything one can buy at a dealer is not worth it, as you have to waste at least a quarter of your money. The only ever way to go would be to buy actual junk silver, like jewelery and stuff, and melt your own bars for spot. Which I like, don't get me wrong, and I will be getting into that eventually, but it's also a lot of work. Thanks for watching 👍

Not sure I really agree with that, definitions change over time, I don't really think they are a very reliable way of determining what a word means, because what it means is heavily influenced by what is understood when using the word. Spacemining however is bullshit. The only thing humanity could maybe think about mining in the next couple of centuries would be the moon. Too bad that thing barely has any precious metals on it. So to consider mining other planets or asteroids, we would need to be in Star trek age and believe me, that's not gonna happen by 3022. So it's questionable wether humanity even still exists before spacemining can be a thing. So what do I care. Not one bit. Anyways, thank you, you have a merry Christmas as well.

@Scrapping Adventures Yes, I think space mining is far-fetched in our lifetime. Agreed! Perhaps deep sea mining is more probable. I used the asteroid example to demonstrate a supply change in gold, which would ultimately reclassify the PM to a BM. This would show the only difference between bullion and a coin would be a coin's fiat value vs. bullion, which would have little to no value in that situation. Using the term bullion coin is sort of a redundancy. The term bullion, by some, has been co-opted to mean "precious." The redundancy is the obvious fact that a gold/silver coin is precious, and it doesn't need to be re-enphasized. I think it is better said to refer to a gold coin or gold bullion. Just my 2-bits from a linguistic nerd.

Sure, I guess so, I will admit that language for me always just was a form of communication, I guess most people that have to speak many languages on a daily basis think that way, so I'm not very educated on definitions and stuff :) But yes, I get what you mean. Thanks for watching 👍🎄

Nice :)

Well, there isn't really anything that doesn't have a shortage nowadays, besides stupid politicians, never a shortage of those, unfortunately.

Ok, we still don't have a shortage here, everything is in stock and in vast quantities. Might be different in other parts of the world tho, shure :)

Is that a question? Mate, please don't put questionmarks behind every sentence, I can't tell what you mean, sorry. Thanks for watching tho.

@@scrappingadventures290 You are promoting doing away with silver That is not smart ,Heat it for you guys but why not fight for Freedom I live in a Free state and we have plenty of Wood and Heat using The land. How long before you are banned from off grid ,They tried that here and we ran them off ,havent heard from them Feds for a decade ?

I have plenty of heat. No clue what you think where I live, but you are most likely wrong. Besides that, stop making assumptions about people you don't know.

I buy the collectable and the non. Both have an important future

Silver bullion is a very widely stretched term, me too, just not the ones that have horrendous markups and no limited mintage. I don't see the point at the moment, but I will continue buying them if that markup goes away. Thanks for watching 👍👍👍😊

@@scrappingadventures290 I try to collect the limited mintage in a series.

@@SilverScorpion Yes, that makes the most sense for sure, a full set is worth a good amount more than just the coins by themselves.

Maybe in the US, not here. I can only speak for myself. Thanks for watching 👍

Not the case in europe, can't speak for the US or other places, but coins are cheaper than bars over here, by far.

No, the exact opposite, actually.

Thanks 😊👍

Jup, I get that, exactly my way of thinking as well 👍👍

That is true, doesn't mean to take a bad deal tho, in my opinion. But anyways, things changed a lot since I made that video. Thanks for watching

Well then recycling all the shit they are pouring into landfills would be a far better way of obtaining silver than starting a war with their own people, IMO. There's a reason why 98% of all the silver ever produced is gone. It's not in someone's basement, it's spread in the countless landfills and burned up piles of computer scrap all over the world. There wouldn't be any issue to get the silver needed for that and banning it is just pointless because you couldn't even take away everything from people that contains silver.

Don't agree, but heyho, that's fine.

Makes no difference over here, silver isn't expensive because of markups only, the main problem is the 20% tax on silver. So there's no "cheap" silver here, just doesn't exist. You have to buy it used to get rid of the tax and everyone knows that, so they just put 20% on top.

Guess we'll see, have nothing against that :)

I don't think so. Life it too short to buy ugly stuff. Sure, some low premium coins are OK, but most of them are very much mediocre. I'd rather get something that I like for the money I spend, but that's just my opinion. I don't think that a few bucks will matter one bit, considering where silver is headed in the future.

Why not? I mean, not that I can, not in the US, but just curious

Well, that depends on one's definition of bullion, technically every coin that is meant for accumulating just the metal itself would be a bullion coin, but I don't think that's a useful definition, I think coins should be separated into collectors coins, bullion coins and what some call junk silver, we call it kurant over here. Basically old currency coins.

Low Mintage Brilliant Uncirculated eg: 2022 Desert Scorpion 25,000 Mintage cost only a few dollars more than a 2022 Kangaroo Bullion Coin on first release ... the resell market on the Desert Scorpion is $20AUD higher than the Kangaroo ... Bullion resell pricing is pegged to Spot Price ... while the value of Collector Coins rise year on year

Really? Wow, a lot less over here, just about 30$ :)

@@scrappingadventures290 Check online all the top sellers have them around $47

In the US maybe, I'm thousands of miles from the US mate :)

That's way too high, get maple leafs.

Why would I? I can buy them for below 30$, Maples are like .50$ less, not too fussed.

I think that highly depends on one's definition of "bullion". For me, collectible coins are not bullion, but in general, they probably are. The words collectible and bullion just kinda clash for me, so I tend to refer to them as different things. Collectible coins where the only thing one could make good money with silver coins for a long time, my stack would be less than half of its current size if it weren't for collectible coins that I bought a lot of and sold at a later date. The value increase of those coins is incredible, some of the ones I bought in 2020 have more than tripled in value and I sold a good chunk of them. The ones that I still have now where completely free because of the profit of the ones that I sold. So there certainly is a mayor difference between the useless markup on unlimited bullion coins, that don't have any collectors value and the markup on collectible coins that can make someone incredible amounts of money in a very short period of time. Lots of stuff to consider. Thanks for watching 👍👍👍😊

you havent priced junk silver in months or years, its some of the highest premium silver, when you can find it

Fair point I guess, a lot has changed since I made that video, so much so that I could have never imagined this much change could occur in such a small time. I started my own coin company and it's going so much better than I ever expected. I'll do some more videos here at some point to talk about all that.

@@scrappingadventures290 May I know what that coin company is?

🤣🤣🤣 crying because you never even bought a a 1,000oz bar 🤣🤣🤣🤣

🤣🤣

Please stop being an insufferable smart-ass, thanks 😊 👍

Oh how nice, thank you so much😊

The point of the video is buying "Semi-Numismatic Bullion coins" over "Standard Bullion Coins". The Queens beast is a prime example of buying "Semi-Numismatic Bullion coins" over "Standard Bullion Coins". Queens beast coins - is a UK Semi-Numismatic Bullion coin UK Britannia coin - is the UK Standard Bullion Coin So much for "wisdom comes with age". Lol Watch the video again

Neither do I, I'm from Europe 😁 But sure, that seems reasonable :)

He he, my bad, but well, the point was that. Cheers.

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