Bullion Dealer on BEST Silver or Gold to Stack in 2024

In this video I talk with a bullion dealer and coin shop owner about the best silver or gold to stack in 2024. Silver stacking 2024 will be a great year to accumulate more silver. If you want to start investing in silver in 2024 or investing in gold in 2024 then this is the video for you. I have been silver stacking for around 6 years now and I will continue to buy silver in 2024 and buy gold in 2024 as well. Harry’s Coin Shop is a local coin shop that I frequent in Oregon. What is the best silver to stack in 2024? Should I buy silver or gold in 2024? These questions surrounding silver stacking 2024 are answered in the video. These coin shop videos are meant for entertainment only and are not investment advice. Below is the playlist containing all of the videos made at Harry’s Coin Shop:

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Topics I cover in this video: silver stacking 2024, silver investing 2024, buy silver 2024, silver or gold 2024, gold or silver 2024, silver or gold, gold or silver, invest in silver, invest in gold, silver stacking, silver stacker, should I buy silver in 2024, should I invest in silver in 2024, buy gold 2024, coin shop, coin dealer, coin store, bullion dealer, silver price, gold price, silver stacking, silver investing, buying silver, coin shop owner, coin dealer, local coin shop, silver coins, silver bars, silver rounds, junk silver, gold coins, silver stack, silver stacker, coin shop video, harry’s coin shop, silver, gold, precious metals

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Ever since gold hit 2000 it’s been coming out of the woodwork people who’ have been waiting for a moment to sell have been selling like crazy and I think there’s a resistance to buying at 2,000 and so people are sitting back and waiting for it to go back down the

Problem with that kind of thinking is that may never go back down that may you know next week or next year this could look like a heck of a good price in your opinion if you had to just pick one thing to stack for 2024 what what are you saying

Harry buy your gold and silver online from SD bullion new customers get gold or silver at spot by visiting sdban docomo hey good morning guys morning what’s up Richard to see good to see you Adrian good to see you silver dragons thanks so much Harry it’s great to be here

Yesterday was a special day because gold officially I think hit an all-time high right it closed above $276 it closed at I think $279 now there have been intraday all-time highs higher than that but not at the close where’s it going to go from here Harry higher lower you know you and

I were discussing earlier that the FED has talked about lowering interest rates come the spring time no surprise there being an election year I would think they’d want interest rates lower and even though that’s several months off the market reacts to that because higher interest rates usually pulls money away

From the metals and the thought that bank accounts safe havens like that are going to have lower interest is already spurring the market higher although this morning morning it is down ever so slightly I’m curious what you guys think I mean it’s obviously hard to predict what’s going to happen next year 2024

What do you think about gold silver in general I mean is it going to be a good year I think so usually the beginning of the year we see metal Spike well end of the year beginning of the year um so I I definitely think we’ll be that 2100 Plus

On gold wow what do you think Richard higher prices for medals in 2024 it’s possible and I mean what I think a lot of people like to see to if silver started you know going towards all-time high like gold has been yeah well usually gold leads in silver follows so

I think you you might be on to something there Richard well speaking of silver uh we got to show what’s in the case I know people like to see we got uh silver rounds 26 bucks uh Eagles 29 specialty 28 and as always you’ve got a very nice

Assortment here Harry um we’re looking at the coins right now so we got Maples over here Etc we’ve got gold we got uh quite a bit of rounds I mean you guys are really heavy on the rounds which is good to see because that’s typically one

Of the best things to be stacking right we sell more rounds than anything in silver for the obvious reason that it’s the lowest premium so what do you think about stacking in 2024 um if people have to sort of pick and choose between coins rounds silver

Gold I mean there’s a lot of choices what do you think would be the best thing to be buying it’s a good question and one of the things I think about is if someone were to ask me that the way you just did I just love Maples for a

Couple of reasons um one the price between Maples right now and generic rounds is only $2 an ounce MH one of the other things that gets overlooked is they’re denominated $5 in Canadian yeah if you look at a silver eagle which is a wonderful coin don’t get me

Wrong but a silver eagle is $1 face value so when you’re trying to figure out one or the other let’s just compare these two they’re both an ounce of silver this is a dollar more per ounce and in the very unlikely event silver dropped to little or no value at all

This would still be worth $5 Canadian which is about what Richard 3 350 US this would be a dollar us so for for the reasons of premium and face value I think Maples are the Best Buy at least when you get out of the generics the

Absolute best buy so if we think about it in those terms then the worst buy would be something with no face value right I me the worst value if in those terms then carrying that thought just forward would be rounds yeah because they have no face value and they would

Be in an economy where silver had no value other than the nominal value on the coin they would be worthless well the thing about silver though is it really can’t go to no value because we use it in all these Electronics solar panels they think the solar panel

Production is going to be crazy over the next 20 years and so because we need silver obviously it has to be mined and and you know turned into a usable product right what could happen is the miners would actually not sell it to the refiners ETC if the price was too low

And there’s always going to be demand so it’s going to have to pull the price back up but these are just interesting hypotheticals but even putting the even putting aside the hypothetical at the very least a Canadian maple is a dollar less than a eagle in most not just here

But if you call around to other bullion dealers or coin shops I think you’re going to find the Maple’s always going to be a little less than uh an eagle the fact is I like them all but if you force me to give you a reason I think Maples

Are the Best Buy on the other hand too what I’m thinking is Eagles right now they’re probably at the best price I’ve seen them in a while right and if we’re thinking of medals going up next year I really see that right now is a good buying opportunity if you like eagles

Cuz when uh prices Spike we usually see Eagles premiums just go you know over the top right so um if you were looking to buy Eagles right now I think might be a good time to buy them when the premiums are low on them for sure what

Do you think Richard I think the Best Buy for silver depends on what your goal is if you see yourself only being in this for the you know maybe a year or two you think okay Silver’s going to go up and if it hits $35 I’m out you want

To get the the most bang for your buck you’re going to buy you know big bars of silver generic silver rounds the lowest premium possible so when it goes up you sell if you’re going to be in at the long run you know more than 5 years or

Something 10 10 years 20 years I would say buy what you like cuz you’re going to have to you know know that you have it so if you like eagles buy Eagles if you’re going to have them for 20 years cuz who knows what the price is going to

Be in 20 years and I don’t think you’ll mind that you paid you know a couple bucks more of premium for Eagles if the price is 60 bucks in 20 years Richard’s wisdom about the buy what you like I think is spoton I just think another little fact about

Maples this year they continue to put the queen on their Maples oh yeah but starting next year I think they’re going to start phasing in uh King uh Charles and we have found with say the branas that his mother the queen still out sells uh the king’s Visage on the coin

By far a lot of people don’t like him so just tongue and cheek but if you want Maples you know get him while the while the queen is still on it one thing that I did find interesting is that you know I said what’s going to be the best we

Didn’t even really talk about gold it seems like it’s not necessarily as much in the conversation just because the price difference or what well what’s going on is ever since gold hit 2000 it’s been coming out of the woodwork people whove been waiting for a moment to sell have been selling like crazy

We’ve been buying lots and lots of gold but interestingly not selling a lot of gold and I think there’s a resistance to buying at 2,000 and so people are sitting back and waiting for it to go back down the problem with that kind of thinking

Is that that may never go back down that may you know next week or next year this could look like a heck of a good price yeah nobody knows I’m seeing like 2000 starting to be the new resistance level it’s like where we keep playing around

That 2,000 area it’s like if it drops down it’ll drop down for maybe like a day at most and then we see it come back up to 2000 so that might be a new bottom who knows yeah it would be really interesting to see if that is the bottom

For gold I mean I think the cheapest I ever bought was around 12 or300 um can you imagine getting an ounce of gold right now for 1,200 bucks that be nice I remember gold being you know under $200 back in the 70s but you know even in recent years before I

Opened the shop and I was actively stacking gold just because I enjoyed it you know when it got above uh $1,100 I was rather annoyed you know like gosh it’s $1,100 but kind of like what I was just saying about 2000 1100 sounds like a great price right now that’s what time

Does time and inflation will do that well I I will say for 2023 probably one of the best coins to be stacking was the maple I think more Maples were produced uh last year in 2022 than Eagles so it became the most prolific bullion coin um

So in your opinion if you had to just pick one thing to stack for 2024 what are you saying Harry I for the reasons I said I I I really like Maples wow all right coin of the year right there if you had to just pick one thing Adrien what do you think

Libertads okay but you’re going to hold on to those forever so um yeah I guess you know if you’re just trying to build your stack I mean rounds are good lower cost and stack the yeah all right Richard one thing to stack for 2024 what’s it going to be

Platinum oh really I mean platinum’s at about $1,000 an ounce so yeah it’s a lot lower than it’s high yeah that’s just for me though I don’t know about other people but I enjoy it most of the time when we talk about stacking it’s like

Gold and silver those are the big two so why are you in favor of platinum I mean what what do you see different about Platinum I mean it’s been just like uh Sil silver uh has been a lot higher platinum’s been a lot higher it has a

Lot of industrial use and a lot of gold is held by uh you know people investors it’s used in jewelry Platinum is almost entirely used for industrial purposes and it’s much rarer than gold interesting well what about Palladium though I mean Palladium is way off of

Its recent High I mean do you see the same thing for plaum as well it it could be um one of the things though is if a metal like padium is expensive the industrial applications they’re always going to try to find a new way to use

Less and less of it and then if you look padium has a much higher spread than Platinum it’s like a $40 spread Just Between the bid and the ask yeah you’re going to have to pay a premium over the ask and then when you go to sell it

People are probably going to be behind the bid so it’s a it’s a much bigger sprad spread and also you’re going to have a harder time finding somebody to buy plaum than Platinum I think most people who do ulion are willing to uh buy Platinum but a lot of the people who

Deal in bulling may not be willing to deal in padium it is true that most coin shops I’ve been to they’ll have like one or two Platinum offerings but it’s very rare to see padium so I I think there definitely some truth in that so well I

Mean it’s going to be interesting year obviously uh we’ll be making videos throughout the year we’ll see what happens with the price and uh we got to take a quick little peek at your uh your junk silver down here while we’re in the area because he still got this sweet

Sale going on look at this silver dollar special 25 bucks for some Morgan or Peace dollars you know these are great I mean my kids love these I need to pick up some more of these Harry look at that maybe they’d like the colorize maybe they would honestly I

Don’t know I’m personally not a huge fan I think you know you should leave it the way it was it was made but uh I mean for someone that’s going to be a cool little addition huh yep can I just add one more message actually something for you oh

Okay you know this channel silver dragons provides an opportunity for us to have a platform to talk about our shop and our thoughts on the on the gold and silver business and we should all have great gratitude for Silver Dragon for creating this Channel and I would

Just ask you to have your friends who might tune in once in a while actually subscribe because the only way that this keeps happening is if silver dragons keeps growing and we want to keep this going for us obviously for silver dragons and for the entertainment and

Education of all of you so if you aren’t subscribed please do and if you know someone who hasn’t but has enjoyed a video or two please ask them to subscribe wow well thank you so much Harry I appreciate that you’re welcome yeah we’ll be back with another video so

Absolutely subscribe I appreciate it Harry yeah you’re welcome yeah thank you so much Adrian course thank you thank you appreciate it King Richard Ed