Discover the smartest ways to convert your precious metals into cash in this informative video. When you find yourself in need of immediate funds and wish to convert a portion of your valuable silver or gold stack into Fiat money, it’s crucial to approach the process wisely. One preferred method is approaching a trusted relative, offering them the opportunity to loan you money while holding your silver and gold as collateral. If that’s not an option, explore multiple coin stores or bullion dealers to find the highest bidder for your silver or gold. For short-term needs, a pawn shop might be considered, but be cautious as their terms may not align with your financial goals. This emphasizes the importance of maintaining a cash buffer to avoid the necessity of converting your precious metals into potentially worthless paper Fiat currency. Learn the best strategies to navigate these situations and safeguard your wealth in this invaluable video.
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31 Comments
Preach it Ron !!!
Good day! Another action and fun fact precious metal video!
Good morning Ron 🙏
Good morning Chris 🙏
Coin shop Chris is the best.😂❤
As Chris said coin shops don’t make a huge profit pawn shops however….. most the ones I have seen … they will put a 50% over spit markup after buying it for 60% spot
Ron, Michael in Alabama, I just sold $6000.00 of my silver to pay off some bills. I was like giving away my kids, had for many years but you do what you have to do. The people that I deal with are Christians and do people right .I thank my Lord Jesus for that. You have a great day.
Great job on the coin shop info Chris. It is best to build a positive relationship with the dealers at your local coin shops. Great shops will teach and share stories. They will give you discounts others don't get because you are like family. When they know your a stacker and regularly purchase or sell you win.
I've used pawn shop once to loan on $300 worth of silver but it cost me $350 to get back in two weeks. Not a good idea. Sell it and buy some back later. Some of us struggle just to buy $200 worth silver every month. May have to save for that some months!
I love when Coin Shop Chris is on!
THANKS FOR WATCHING ALL PLEASE LIKE SHARE AND SUBSCRIBE CAN WE GET 20.5K SUBSCRIBERS TODAY 😊
CHRIS: A repeat customer comes in to sell a kilo silver bar, that they bought from you and have the receipt.
Do you still have to wait the 30 days? Does the buy/sell history of that bar factor in to what you offer the customer?
The US Goverment will Rip you off
eBay! Put it up for auction and you will be amazed. People spend money easier when they're sitting in their easy chair .
I highly recommend never telling your family members. How much silver do you have. Never get a loan from your family members. Never use your family members as a pawn shop. Never say to a family member I got the silver Eagles they're worth 150 will you loan me 100? No no, no! Go to a pawnshop if you're gonna do that kind of stuff. Stay away from the family! I know what I'm talking about.
Buy silver and platinum
Hi Ron! I have been hearing alot about the probability of silver dropping in major recession, what are your thoughts?
Silver are still a looser and I'm so happy I sold half my silver stack years ago and bought more gold 😊
Those are good prices that Chris pays,for buying silver.
Let me guess, silver is about to erupt! Been over a decade since it even kissed $30. Enough of this click bait crap.
Chris don't say all coin shops do what your shop does.
Chris is Right, pretty much everyone is in it to make money , it's called BUSINESS if you cannot make a little profit will never stay in BUSINESS , granite I'm a collector , I've never sold a single piece since I was 8 I'm almost 60 , and I'm new to what you are calling stacker or I was doing it before it became popular 😂
One thing I have noticed and people really need to be careful there are a lot of scammers on social media I have never bought off of social media through the mail , people like Chris that has a BUSINESS is the place to go because you know what you are getting is real. Look Walmart businesses in town their markup is like 20% to 100% ,, like Chris is saying shop around see who gives the best price if you are a seller. And for Pete's sake if you got something to say about somebody say it to them in private ,
Also when gas goes down, the station lowers the price no matter what they own the gas in the ground.
Ok who bought silver yesterday and didn’t tell me? Give a guy some warming so I can buy the dip!
Thank you
Thanks Ron & Chris! 🎯
Keith Neumeyer has exploited First Majestic Silver stock for years, the poor prices are the result of this CEO Keith.
Chris, those people commenting about coin shops don't even have any silver or understand how it works. Don't let ignorance bother you.
Making money is an action. Keeping money is behavior. Growing money is knowledge…..
Does anyone not realize Pawn Shops are always a bad deal.
Helpful video. Thanks Chris!! Thanks Ron!