Bullion Dealer Says You’re Speculating, Not Investing, In Silver & Gold | Florida Coin Shop
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33 Comments
What say you? Unfortunately our old intro music was copyrighted by a band we can no longer use!!!
How many times have you seen people run into financial problems when spot and premiums are low and they have to sell? I bet you see that more often than the other way.
An increasing number of governments and central banks around the world are buying record amounts of gold. Call it speculating, investing, or insurance, whatever you wish, but my
inclination is to do what THEY'RE doing, in addition to the fact that gold has a 5000 year track record of being actual money, verses for example 100 years of the dollar and 15 years of Bitcoin.
As an aside, anyone purchasing gold with the intention of selling it in 1 to 2 years are simply misinformed and shouldn't be buying it in the first place. It's a long term asset.
I don't know who is triggering copy right but it must be earning a few bucks for them. Lots of channels getting hit same way.
Just make sure you receive the physical metal and save it in a secure location. (Probably not the bank safe deposit box). Deal with reputable people (like Vermillion) and not those you see advertising on TV. Like Brian says, buy with monies you will not need for taxes, or day to day living expenses any time soon (so.. have a separate emergency fund). These products make excellent insurance but as with all insurance products, you hope you never have to use them.
I'm buying up digital tokens of a picture of my rookie Johnny bench !
Great deal on these, i took out a second mortgage to buy 3 of them, solid investment. Its too good to be false!
Gold and silver are many things. They're a hedge against inflation over a long stretch (decades, not months or even years), they're an insurance against things that could go wrong but probably won't, and they're a way to save money outside of parking cash in a bank or some place similar. I've been buying on and off since the I was a young adult in the late 90s and over all I've made out quite well.
People who seem to hope for gold and silver to shoot the moon need to come to grips with what they want to do with their metals. If silver hits $50 an ounce next year there will be a large sell off that will drive the price down. It's not going to hit $60 an ounce in a year or two unless something is very broken, then we have larger problems. I never hope for that kind of a price drive because the aftermath will be ugly.
Gold and Silver are money and not speculation
Gold and silver value never changes the value of the fiat dollar toilet paper is what changes.
Really like your educational videos. Straight talk on YouTube is rare. Greatest respect to and Tim. Keep it real. Have a great weekend.
Smart video. There are probably many coin dealers that get returning customers that claim the dealer told them that gold was a "good investment," thereby putting the dealer into a legal bind, in that coin dealers are not official investment advisers. One the flip side, to be a devil's advocate, I doubt central banks around the world consider their buying of gold to be a speculation. Considering the thousands of paper currencies that have failed over the centuries, holding paper currency over a long term is very speculative and dangerous to one's wealth.
Google this: In Venezuela, people break off flakes of gold to pay for meals and haircuts.
Brian and Tim treat people right. They tell you the good bad and ugly. Imagine how transparent showing the Bid and Ask for everything. Anyway like Grandad said everything in moderation!
Great points from wise and honest people. Your points about speculation are valid, especially when I reflect on how close I was to buying an ounce of Palladium not long ago at spot price around $2k (which seemed like a good deal) and comparing it to what it's worth today. My only addition to your example on the stock investment example with the dividend is that the argument could be made that all investments (at least beyond low risk, guranteed CDs) are speculations that the stock will remain stable or increase in value, as companies can go bankrupt and dividends could change. Thanks as always for your great work and contributions.
Great Video ! Spot on diversify , Old saying goes never put your eggs in the same basket you might drop it. Thanks V
Another good video 👍. I’d be interested in hearing your opinions and thoughts on pre 33 gold sometime I’ve recently graded some and unfortunately one of my favorites came back UNC details damaged 😢
Glad to hear that you were able to communicate some reality to your customer. Keeping them from jumping into the deep end at the top with all of their savings. Nice job. They would have already been down big as gold has fallen through the $2000 support level. Cheers!
You convinced me Brian, no more metals for me. Always appreciate you sensibleness. We could add to what you said that metals are not only physical but something outside the banking system.
Love seeing gold down $28 and silver down $.80. These are the best days.
Stack that fiat. Wait for silver to hit $21 then back the truck up.
great video, definitely miss the music. cool to hear from the people in the industry, insight, thanks for taking the time and effort into them !! peace love happiness, Merry Christmas everyone ,
Thanks for the heads up my friend!
Hey Brian, watch your podcast. Lots of likes and you are straight up. Please keep up the good work!
Great talking to you Sir!
6:43 LOL
I'm selling gold the next 2 weeks.
What is just buying Kool silver spot, for holding,to leave the children??
As always good chat you had, and have a great December 🤠☮️✌️
Brian and Tim, Thanks for your complete honesty and openness in everything you do. You are the only voice of reason on YouTube when comes to bullion.
Losing your rear end interest rates are going up if there is a liquidity crisis they dump more liquidity on the market interest rates will go up it is not to curb inflation if they dump houses further deflationary and inflationary both both of them
I actually called Bryan's shop and watch a lot of his postings. Good Guy and straight up! thanx Bryan.
19 of the 20% that don’t have bank accounts are using gov assistance probably.
Informative, correct and explained in the most simplified manner.
Of all the speculative investments, Gold in silver cannot go to zero because they are accepted worldwide as money.😉
"All I want is me gold!"…lol Keep up the good work Brian and Tim. Life is good……God Bless