Exchange Silver for Gold? My Silver Dealer tells all!

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Information Exchange Silver for Gold? My Silver Dealer tells all!

Title	:	Exchange Silver for Gold? My Silver Dealer tells all!
Lasting	:	9.03
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Views	:	151 rb

You're only losing if you're selling the silver for less than you paid for it If I purchased SAE's for $16 back in the day and selling them for $30 I'm making a profit of $14 Now I have to make the best deal possible on buying the gold Whatever the ratio was back in the day is very loosely connected as far as what you'll pay today for gold
Comment from : Paul Harris

In the case of a system collapse I'd think the flight might be from gold to silver since the latter will be used to complete everyday transactions
Comment from : Full Spectrum Domino

I have thought about exchanging a tube of ASE for Gold 🥇 always wondered how it worked
Comment from : Calvin Cooper

He is absolutely right😂😂 one time I bought it gold nugget, from another dealer like this guy which was purchased 25 years ago fbrand he looking his invoices & charged me only 6 over the invoice I hit the jackpot since the nugget was about 380 g😂😂😂😂
Comment from : AJ Joseph

I don't know how it is in the states, but in UK and Ireland, gold bullion is VAT free whereas silver is not I still own silver just as I like to have an abundance of coins as it would be easier to trade for smaller amounts of goods, but paying 21 to the state on silver kills me
Comment from : Malicant

New subscriber, although 2 years old great info
Comment from : Gary

Well Yankee, i guess it doesn't matter if it's the past nor present in my case just by watching your video brother 🙏 So today i did a count of all the silver i have in total & thought to myself wow! There are actually things here in my collection that i could sell even at a lower price to make the buyer happy with their purchase to buy my first decent chunk of gold! In my own opinion & buying history i definitely think i made the correct choice, now remember that i live in Australia ok so we are talking AUD here not US I sold a tube of Perth Mint Kangaroos today but missing two, therefore i had a total of x23 Kangaroos I sold the tube for exactly $1000 for the 23 Kangaroos & as soon as i got my hands on that dirty money i felt guilty so i brought 10g of Perth Mint Gold at the lowest price possible 👍
Comment from : The Silver Platoon 🤴

Think he said that backwards about wall st controling the price of gold Nations transacting in gold has no more effect on the spot price than 2 hillbillies in Antarctica lol Totally of market transaction And no, they don't even bother with dark pools
Comment from : Pickle

2 transactions? Lol wut Nah nah nah i don't think so Not hitting me with that slick sheeit lol I'm giving you silver for gold or vice versa 1 transaction Ought to get a discount for paying for the other with real money if anything Why would he want to pay more in taxes anyway? Lol goofy
Comment from : Pickle

There's more gold than silver Silver Well under valued Average citizen doesn't need gold but good to have
Comment from : micheal tomiak

Same reasons I buy gold and silver
Comment from : PatriotPirate

My favorite people are the ones who simply sell their silver and gold for spot prices (they're out there!)brNot only are they losing money on the premium, but they're trading valuable silver & gold for i'soon to be worthless'/i paper money This is why I'm always watching Craigslist, Offer up, etc
Comment from : Oregon Patriot

Gold, silver, just hold whatever you have Buy what you lack with any extra cash
Comment from : nedstarkravingmad 1

I suggest that we all APPRECIATE our local gold/silver dealers Just the fact that they exist near us is a benefit to the communitybrGranted not ALL dealers have the same standards as Tim so buyer beware, but if you DO find one (or two) dealers that you trust, stick with them and support them!! Keep in mind that yes, they DO need to make a profit in order to exist
Comment from : DS Northern

Here's the great question: 4:34 When it comes to silver eagles, US Gov't minted silver bullion "am I going to lose something in those two transactions" brSimple answer: for a non-dealer, ALL, EVERY metals transaction loses money Every time you touch metals, there are frictions of some kind Whether it's shipping, insurance, the jiffy-pack you send it in, the dealer premiumyou ALWAYS must consider that there are friction losses
Comment from : Alan Pecherer

Article 1 sec 10 US constitution: No state shall emit bills of credit , nor make any thing payable on debt except gold and silver coin! brI’m not sure why Americans are adamant about being financial slaves to the 5 richest banking families? If everyone stopped buying gas and groceries for a few days , the prices would drop dramatically! Stop being slaves to the work force ! Take back your only asset which is your time ! And stop letting the Morgan’s , kuhn and loeb , rockerfellers , Warburgs , and Goldman and sachs use you and your children as slaves !
Comment from : Jafari Jackson

I would think a Silver to Gold swap would light up the eyes of the LCS owner as they will be able to earn greater premium on 88 coins rather than smaller premium on 1 coin (today's ratio)
Comment from : Gary

🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸brThat's why I call it mental slavery Because all you have to do, is convert all your prices, of your property and labor, into oz of Gold and Silver And barter, in oz of Gold and Silver And you are out of the system It's just that simple
Comment from : Respect America 2

🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸brRemember every transaction has two sides The buyer and the seller And he is keeping account for the IRS Because he is converting all transactions into Federal Reserve Notes When he doesn't have to That's why it is creating a Tax Liability And that's the problem right therebrIf he did the transaction in ouces of Silver and Gold he wouldn't have to do an accounting because it would be a completely private transaction Remember you don't own those Federal Reserve Notes, the government does, you are renting them, and the Income Tax is the rent on the use of dollars billsbrSo to avoid the potential Tax Liability, the barter transaction must be in ounces of gold and silverbrSo in a hypothetical barter transaction with a gold to silver ratio of 1 gold oz to 80 1/2 Silver oz and a dealers fee of 5 to keep his lights on brA customer looking to trade gold for silver would trade 1 gold oz and receive 72 1/2 silver oz With the dealer keeping 8 silver oz of value in the gold coin for profit No paperwork and no Tax liability Because you didn't use Federal Reserve Notes It was a barter transactionbrWith a customer trading Silver for Gold with a 5 dealers fee to keep the lights on The customer would trade 88 1/2 oz of Silver for 1 Gold oz 80 1/2 oz of Silver for 1 Gold oz and 8 Silver oz for the 5 transaction fee No paperwork No Tax LiabilitybrThat's how you get around the Income Tax bartering with Gold and Silver coins All legal But once you start pricing goods and services in dollars and not Gold and Silver oz it's not a private transaction anymore, it's public and you have to pay the Income Tax As long as you keep trading with Federal Reserve Notes, you will always be part of the Federal Reserve SystembrConvert all your prices into gold and silver oz and trade in gold and silver oz It's just that simple
Comment from : Respect America 2

🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸brThis is the great example of the mental slavery that everyone is in! There is no law saying we have to use Federal Reserve Notes to conduct business in America If everyone stopped using Federal Reserve Notes and the Banking system, worked and purchased, all their goods and services, in ounces of Gold and Silver, at small business, we would have our Republic back tomorrow
Comment from : Respect America 2

🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸brThat's the problem There are two sides to every transaction The price in dollar bills and the price in ounces of gold In actuality, we never left the gold standard Everything has a dollar and gold price in ounces But we are all mentally trapped into only thinking of price in dollars When everything has a gold price in ounces too We are just not conditioned to think about it that way And that is the mental slavery we are all imprisoned to
Comment from : Respect America 2

🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸brYou are thinking into it to much This is currency trading If swap out into any currency, you will have to pay a dealer's fee! And swapping between gold and silver ain't no different But if you swap into a dollar bill, you will have to pay the Income Tax That's why I would try to convince him to take the dealers fee in gold and silver Because if you use the dollar as the median, that will create a tax liability Especially if you make a paper record of the transaction as evidence
Comment from : Respect America 2

🇺🇸🤣🇺🇸🤣🇺🇸🤣🇺🇸🤣🇺🇸🤣🇺🇸🤣🇺🇸🤣🇺🇸brNo he is going to take his cut in silver/gold Remember he is running a business that has expenses How is he going to eat?
Comment from : Respect America 2

Never need to ! Stack both physical and collect across the board 35yrs ! Gold and silver 70/30 golds way ! It changes with premiums and spot I hold and buy don't sell ! Thank you !
Comment from : Oleg Petelevitch

I'm no expert here, I'm just considering buying silver or gold eagles, but personally I wouldn't trade in silver for gold I'd try to get my hands on both silver and goldbrSo I can use silver if I need money for smaller amounts and gold for larger amounts of moneybrBut like I said, I'm no expert
Comment from : RedHeadGuy

I have a question for you, what is the best silver product for barter, my guess is 1oz, silver coins and 10 oz silver bars, what do you say
Comment from : Bruce

Tim looks like a nice man
Comment from : Judy Michaud

How about trading high priced Morgan Dollar for gold coins ?
Comment from : W Y

Gold and silver should be used for liquidity outside the banking systems They do work in cycles so when they are high you sell When they are low you buy Especially silver Don’t try to day trade it just wait for it to make its moves and be prepared to sit on
Comment from : Nick Robin

I hope everyone realises this is a deeply racist channel A country and legitimate government was overthrown by a terrorist organisation through violent means I think it happened in 1775 or thereabouts, and the music on this channel projects this horrific act When I hear it I can't breathe
Comment from : William William

I BUY GOLD, BUT I WOULD NEVER SWAP MY SILVER FOR GOLD YOUD BE CUTTING YOUR OWN THROAT IN MOST TRANSACTIONS
Comment from : Michael Sorrell

Is numismatic value even taken into consideration? I know there are lower mintage ASE and SML coins out there Are they treated any differently instead of solely being treated as bullion?
Comment from : X-Factor

I considered GSR But settled on it's best for me to hold both Right I'm heavy in my physical Ag Building up my physical Au
Comment from : Janice Johnson

Thanks for the info
Comment from : James Aigler

Wow That was eye opening Thank you for the great content
Comment from : Michelle Murray

That was an excellent conclusion
Comment from : Ben Powell

MY GOLD AND SILVER BUYS ARE FOR MY GRANDCHILDREN, IT WONT BE SOLD FOR SAY 50 YEARS IF WE ARE ALIVE
Comment from : Michael Sorrell

Good info Yankee! I have often wondered how simple a silver to gold swap would be and it makes sense that there could be some loss due to the dealers profit margin
Comment from : Chipper Silver Stacker

I call BS Sell me some silver you bought in 2000 at $400 an ounce for $600 please
Comment from : John Moore

I live in Canada and I'd love to have a coin shop with a Tim behind the counter near my place Unfortunately we only have a Tim Horton
Comment from : Jean Banville

That's my issue, losing leverage within the transaction
Comment from : Bobby Agee

The quality of the silver must be high in order to get a good exchange?
Comment from : Bobby Agee

I really needed this video I'm really contemplating converting a portion of my silver to gold
Comment from : Bobby Agee

Your going to loose some of the premium paid for your silver and pay the premium on the gold It only makes sense if you think the ratio is going to change in your favor
Comment from : DPirkl

Where is he located and can I purchase online??
Comment from : Mika Antwine

What does Tim do with all the phony paper money that he gets for precious metals transactions?🤔
Comment from : Jeannette Johnson

Silver will be most precious of all metals! To the firmament!
Comment from : HD CVO

I have done two trades silver --> Gold Did not get nicked too bad on the trade But the last one was 5 years ago and the bid-ask spreads were much lower than today
Comment from : john mcginnis

I don't really agree on the art bar being worth less back during GFC I was selling my 1oz art bars for as much as $60 on ebay that I had been buying for 7 to 9 dollars many years prior just saying But i also notice I don't many of them for sale anymore
Comment from : Just A Seeker

Local dealer doesn't have a difference between Eagles, Maples or any other minted round vs generic It's an ounce of silver or gold he tells me In reality he is right, isn't he? It's an ounce of metal only with a brand name on it
Comment from : kenbe62

i love tim Respect
Comment from : J

You pay the premium when you sell and you pay the premium when you buy That's just how it is That's how the shop makes any money at all It's CERTAINLY better than paying MONTHLY brokerage fees
Comment from : Daniel Jesse Life

In Poland there is a Value Added Tax appied to each silver product, while Gold is VAT free So from LCS dealer perspective it's not financially viable and possilel as well Probably you could do some deal that involves 2 transactions (selling silver + buying gold) but this is the matter of deal
Comment from : Polish Silver Stacker

I just bought some Bitcoin Needed to diversify Now I have money in silver, gold ,and BitcoinHad money in some stocks sold themBad move sold just before covid hitAll stocks that normally would of got a 6 to 15 percent return got a 50 percent return because the government was dumping money into the stock marketI really missed out on a lot of money I should of also bought Bitcoin in 2020$3000 investment in Bitcoin in 2020 would of brought me back great returns Really screwed up in 2020
Comment from : Frank Imperato

The end customer always pays retail and sells back at wholesale No exceptions!
Comment from : Lynn Hudson

The problem is the SILVER PAPER MARKET, it's been a scam to deflate silver it's time to break away the 2 and physical silver should be recognized in the market as its own Silver should be between $50 to $100 an once as a staple I think it will get there and all us stupid silver stackers will win in the long run, we have it, it's not paper and if we are smart we can hold them hostage when governments and companies really need it bad 🤔
Comment from : FINFAN

Dont you have to pay income taxes when exchanging silver for gold if you purchased your silver at a lower price?
Comment from : Tim Newell

Gold is love but it hard to hand over so much silver for a small piece Current prices it seems a roll of half’s is basically a 1/10th age Would rather have the half’s
Comment from : Tactical Peace

Don't think that silver won't go high in the future Gold has been steady and the ratio has gone from 80 to 72 in the last number of months Gold isn't the only PM that can go 3-5X As Rick Rule says, the wind is in gold's sails right now, but the second half of a PM run, gold starts off but silver comes into its own in the second half and with faster velocity and force Ya just gotta be ready
Comment from : ntartaris

I think the opposite will happen Gold will be available if you have the money but silver will be much harder to find because of availability
Comment from : ZIO

THX FED for that bubble market Will soon be selling stocks to buy metals 🪙🤌
Comment from : Lukas Josef

a gold to silver ratio chart should signal you when to exchange
Comment from : silkhead44

I think silver price may drop below 20 one more time and it can be last opportunity to buy silver better to buy silver and never sell leave it to your grandchildrenbetter than land or house
Comment from : Xag Usd

i think its not good idea now to change silver to goldratio is almost 90 and this dealer can offer you ratio of 100 so u'll give him 100 kg silver and u'll get only 1 kg of gold very very bad idea bad timing for u, good timing for the dealer
Comment from : Xag Usd

Much prefer topics like this instead of cheap political ranting This is useful, the rants are not
Comment from : Arturo

I would have to argue with loosing money Premiums are much higher on silver
Comment from : SilverStoll

Wish they would just tell us the exact math It would sum up the whole video in 30 seconds
Comment from : clint25n

Should I upgrade my 1/10 oz gold to a 1oz gold?
Comment from : @JRT Jonathan Winchell

Hey Yankee, i have some 1/10 gold coins (Eagles, Maple etc) would it be wise t exchange them for Silver Eagles ? Just wanted to know your thought about that
Comment from : Jay Pitargue IInd

Is the US government still buying gold? After all they just have to print up some extra fiat!
Comment from : Dan Casey

Thanks yankee
Comment from : michael m

I'm the one who coined that word "unobtainium"
Comment from : Brian Baker

Crazy to play the ratio at 70:1+ and trade silver for gold
Comment from : Hughes Enterprises

The "perfect mix" is two parts gold (50-60) 15 parts silver (30-40) plus a splash of platinum
Comment from : David cawrowl

Actual Debt Clock Ratio is 715 oz of Silver equals 1 oz of Gold, look it up Manipulation of precious metals market has been screwing us ever since we came off the standard in 1964 (last year America’s money had Silver in it) and the general public believes it happened in the early 70’s under the Nixon administration The act happened under our noses and announced almost a decade later and FINALLY may be straightened out now!
Comment from : DJ FINEST

My thumbs up is for Tim !! You get a star ⭐ young man
Comment from : Lon Mariage

Tim has them big bull dog cheeks you just want to grab
Comment from : Turkey Creek Jack Johnson

Was going back through, don't know how I missed this one brI'm keeping both
Comment from : Will-W

Golds never been so easy to find with modern day technology, it's been stored for centuries and is used for barely nothing Silver on the other hand is used for so much I love Stacking silver Zero gold
Comment from : Raymond Whitehouse

Awesome topic yankee! Thank you for the info As with anything your results may vary Smart money stays calm and doesn’t over react ✌️❤️🇺🇸🥈
Comment from : Andrew Macomber

Why is a silver eagle on SD billion 35 for an ounce coin yet silver price is 26 an ounce? Is that considered spot over price?
Comment from : Benny Duran

Silver is just the poor man's gold
Comment from : William Brandon Davis

Dealers have to buy lower and sell higher Look at antiques If you have a 40 dollar candy dish you’ll get 10 or 15 dollars for it brThat’s how they stay in business
Comment from : Bee Bob

Gold is a barter currency between nations, silver is a barter currency between individuals Remember this as I have always believed that when the SHTF you will be able to spend at a store a silver coin because of its value vs gold I also believe that one should have at least 5 of your net worth in metals like gold and silver and it should be in a spendable value Ie not a bar but an eagle
Comment from : Wave Oglesby

So the answer I got was it takes lots of effort to time the market and you still may lose
Comment from : Jamie Smith

How long well you hold that gold in a down marketSay today below 1500
Comment from : Happy Cat

depends on demand
Comment from : Happy Cat

I really appreciate hearing Tim's viewpoint on things
Comment from : The Casagrande Group

I've been trading baseball cards for gold Sports cards seem to have gone up in price and they're been just collecting dust since I've lost intrest over the years
Comment from : Max Rodegher

I never trade apples for oranges!!
Comment from : piorun

Wouldn’t there be more premium to be had for the dealer with all the silver they could now sell instead of the one ounce of gold? Seems like dealers would love for people to do that As long as your trading in silver for gold and not vice versa
Comment from : Lonnie Boudreaux