| Title | : | This is How Bullion Dealers make MONEY from Silver u0026 Gold | Can we do the same!? |
| Lasting | : | 19.27 |
| Date of publication | : | |
| Views | : | 40 rb |
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This principal is exactly correct I learned this with stock investing but you tied it in to physical stock Comment from : SolarSeeker45 |
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I believe buying your Ag from a good,smaller, 14:19 Ag recycler & professional 9999 Ag refiner all in one is where you’ll get your Best Buy’s! 🤠👍 let me know!! Comment from : Brian Stimer |
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This is the business model I understand It’s exactly the same model as the drug dealer, with considerably less risk Comment from : Ol_bub_ |
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Step one make a video about a ‘global reset’ Step 2 pay for some website boosting Step 3 rake in the cash from idiots Comment from : Simon H |
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Sir do you buy or sell palladium? Or do you know it's price? Thanks Comment from : KHAN ACKNOWLEDGE |
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I want to open a silver exchange coin shop how can I find you Comment from : Rishiraj Borah |
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Been doing this to increase my silver stack, told the wife that even if i dont sell it right now ill make money later when we retire Comment from : Arie H |
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Great video! Thank you for sharing your experiences and insights :) Comment from : Collect Silver! |
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How do I become a manufacturer Comment from : Larry |
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I just want to know what the dealer is going to charge me when I bring my coins in to sell Sheesh Comment from : Pyro Man |
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Hey man, where did you get that silver dragon ounce coin?(the one on the left when showing to the camera) I love it! And how much did you pay for it? Thanks in advance I'm just new to stacking gold, I've a few 1 ounce Britannia's, maples etc but I love your channel! Although not so much the 23 tax on silver here in Ireland! Comment from : greenphoenix17 |
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This video has a flawed explanation If you buy 100 silver coins for $100k, hold, and sell them for $110k, despite making $10k, you won't be able to buy more coins than you sold, as was explained You'll only be able to buy 100 coins again, so pointless When you sell you have to wait for the market to drop again to buy back in lower, and that could take weeks/months Comment from : Alphonse Capone |
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Is buying silver 5$ over spot per ounce , normal price ? Comment from : Rubicon Outdoors |
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Why is there so much waste in the industry???????? ( I’m not counting lives)) Comment from : mictian absterges |
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Im putting all my money on hydrogen today Comment from : mictian absterges |
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Buy the Silver from whom? Where do dealers buy their silver at a rate less than they can sell it for? Comment from : Sman2K35 |
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I didn't hear a single word from the man All I heard was the PRESCIOUS clinkings of the beautiful silver coins Comment from : M A |
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Iam from the uk iam struggling to get started the prices are so high iv been watching different videos especially USA stackers and they get coins so cheap compared to the uk dont get that I wont to keep stacking but in uk on ebay or net so much to buy dong know how they get them prices from I cant do it and sell it for profit good vid would be good to know were your can get it from would be nice Comment from : Sergio Notarpippo |
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Replacement Cost AccountingbrbrNext In First Out Comment from : Andrew Farrow |
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I think the word is "parlay" Comment from : eric bond |
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Honestly, because of the insanity of the market right now, I'm turning to more numismatic coins Being from the US, that's what I focus on most, but I'm getting nice coins from all over the world Comment from : NumismaticMaster |
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Anyone know where I can get number stamps for year and weight sent to me internationally? Comment from : ScottishTimesTV |
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Exchange rates and premiums Comment from : Maurice ORay II |
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seems like my LCS is VOLUME VOLUME VOLUME and that makes sense, i own retial shops (not bullion related) and the name of the game is margins for me, yes volume matters but it seems gold and silver dealers rely on volume of sales Comment from : Jorden Kaufman |
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I don't know why the Americans call their silver dollar coins, Silver Eagles The eagle is on the reverse of the coin They should be called Silver Columbias, because depicted on the obverse is Columbia (the original personification of the USA, before she was replaced by 'Lady Liberty') The common practice is to call a coin by what is on the obverse, not by what is on the reverse Comment from : NO BS |
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Who do we sell our silver and gold to? Pawn Shops?? Comment from : Matthew Auda |
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thanks for the talk but you could have said everything in 1 or 2 minutes Comment from : Douglas McLeod |
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Sounds to me like I'm better off selling gold sovs :/ Comment from : bradley jordan |
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buy high sell low Comment from : Dan |
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Which are the silver coins that milk spot the least? Comment from : Patch Meister |
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Great video! lots of good insight Comment from : Silver Akula |
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Where should i buy hold and silver? I've always been interested to have gold and silver on hand just to have some are there any online places that are safe to use or can I just welcome to the gold Town USA type of store and buy it is it better to buy bullion or coins? Comment from : Bad Mr Frosty |
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The is a difference between a flipper and a dealer A flipper can but low and sell high If spot drops, you just dont sell Dealers, for the most part, can still sell low They buy shorts to hedge Being a true dealer take a LOT of capital Comment from : Verbil Kint |
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It's how drug dealers make money Comment from : Ian Spooner |
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What about taxes? Comment from : Ian Spooner |
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A lot of places will hedge their inventory with futures or ETF's So say they have 100k oz of silver in inventory, they will consider that their base inventory If a customer buy's 10 oz or 100 oz, they will buy that amount in futures So they will always own 100k oz in physical or paper silver Because physical silver has a large spread and paper doesn't, they profit make a big profit (3-8) every time someone sell's their silver, and can buy silver in bulk or when their is a discount if their physical inventory levels get too lowbrbrAlso, future prices are higher to account for storage cost to they can make a passive 025 a year just holding physical inventory and being short futures (rolling over every so often) Comment from : John Monrow |
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It's actually a lot simpler than that, because while the price of precious metals do fluctuate, the changes balance out Sometimes you sell at a lower spot price, sometimes you sell at a higher spot price So ignore the fluctuations and focus on the spread Rarely do the fluctuations outweigh the spread, and those times are offset by the times they work in the dealers' favor Comment from : BlaubartMT |
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In essence, you are saying the dealers have to sell as as possible which locks in the price/premiums so they are not exposed to changes in price?brbrDo you think they have silver options to add a protective element incase Ag price drops? Comment from : Billy Bob Mirango |
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I love your video but dude it hurt seeing how you handled those coins, They will not get any prettier I live in Holland and silver as a hobby sucks here, You cannot buy any foreign bullion coin in shops and you have to pay 20 VAT + the premium + shipping so it will have to go up so more just for me to get even Other downsides are, you pay premiums but when you want to sell them quick they only pay you back spot, which is spotty Finding mintage numbers online is not always easy, You have to google for hours just to find out what would be a realistic selling price and I seem to have no luck with my coins, when ever I google some I bought in 2013 they have barely gained any value but another coin the year before or after goes for a higher price Greets from Holland >< Comment from : 守lower |
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He lost me at pound Comment from : Matthew |
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The local coin dealer in my area low balls people down on their luck, I have seen him do this several times His bull shit excuses range from '' I have to get my gas money back to ''I tithe with my church '' I used to buy from him, but he will NEVER come down a penny no matter how much you spend Comment from : happy single |
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YES, IT IS FASCINATING! LOVE THE WHEELING-DEALING SIDE OF PRECIOUS METALS! I guess I'm just amazed by bold and fearless merchants; The unsung hero's! WE DON'T NEED ANOTHER HERO!!! LOL More vids like this, pleeease!!! Comment from : Myron Gunnar |
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How come 1 troy oz American Gold Buffalo of 9999 pure gold is bigger than 1 troy oz Canadian Gold Maple Leaf coin which contains 9999 pure gold also?brbrThickness of American Gold Buffalo coin is 298mm and diameter is 327mm and Canadian Gold Maple coin is only 28mm and 30mm in diameter Comment from : AK |
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You are not keen on bullion by post so where is the best place to buy silver and in the UK Comment from : Simon Tuffs |
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I day trade the SLV stock and buy and hold physical Silver and Gold Comment from : Cash Flow Investor SPYD |
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I wonder what is the margin Dealers get from Mint to Costumer Say Spot price silver is 23$, Silver Eagle to costumer is 30$, how much do they pay to the US mint for that same coin? 2527$ perhaps? Comment from : Eduardo Lindenmeyer |
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Very interesting topic! I wondered how they make money when metals begin dropping! Comment from : Aloha Stacker |
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Thanks for the rambling! 👍 Comment from : Gert Geldfinger |
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most bullion dealers do hedging ie is the process of playing both sides of the market to provide protection against fluctuations in precious metal prices Bullion hedging means that the dealer has offset their long positions with their short positions and vice versa By doing this, the dealer is ensuring that they never have an overall long or short position This helps the company be somewhat immune to price movements that gold, silver and platinum see on a day to day basis Comment from : Richie Rich |
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I am not sure that high premium coins are enough to compensate eventual losses of their main stock in a high volatility market (composed mainly of bullion coins with low margins) otherwise dealers would certainly go bankrupt in a severe correction I have heard that they are hedging their stocks position with options on market Comment from : Frenchie |
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Interesting topic Do dealers actually get products from different mints under spot ? Comment from : Silver Dude |
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Hi BYB Is the reason you are handling these coins like this in the video because they are poor quality, have milking or some other reason Just curious as I handle mine with kid gloves Comment from : Shane Storer |
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There's a inner magpie in all of us, "shiny" things Comment from : Cscratchy |
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Ramblers! Comment from : Barber Quarter |
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All I know is APMEX profits like crazy with each Libertad they sell They buy em $2 under and sell +$15 over spot I requested a quote from them to see how much they offering Thank you for the info BB! I knew dealers and LCS aren’t profiting crazy, I just didn’t know the details in my head lol Comment from : oldmanjenkins771 |
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I Always get something from your content, and thank's for the ramble BYB much appreciated Comment from : Smith S |
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Great video again byb interesting subject I think a lot of people into stacking have thought about buying and selling metals for a profit at some point in time Keep your videos coming 👍 Comment from : Chris Summerfield |
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It's precisely because dealers have to restock that they safeguard their margins/profit by not lowering premium on PMs If anything they raise premium even when spot price is falling; even when they know they can therefore restock at lower prices Why does this happen? Not because dealers generally are unscrupulous, though some are It's because there's a tendency to higher demand as spot falls And for the dealers that's just a bonus- more profitbrAlways thought-provoking, so ramble on, BYB, I'm always listening right to the end, The Silver Forum's ting-a-ling Comment from : Shashank Golikeri |
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Bullion by post are the best at ripping you off Comment from : othomaso100 |
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exactly 👍 Comment from : Yvette Silver |
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Good vid Comment from : Sam Eddy |
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buy low, manage your costs, sell high Comment from : john bellinger |
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