I try to sell 1,000 oz of silver to coin shops … FRIGHTENING RESULTS

Silver stacking is the way to go. There are many ways for us to protect our wealth, many ways to swap out our fiat currency for a tangible asset and silver is the best choice. Just look at the past two decades and you can tell that silver will dramatically rise and increase in value over the coming years. You absolutely can't go wrong. The smart thing to do is to buy as much silver as you can and stash it away! Don't touch it ... the bullion prices will continue to rise and when you wipe the dust off that silver - in 2055 - you'll be glad you bought in now!

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Disclaimer: I am not a CPA, lawyer, or financial advisor. I am just a guy that loves to stack precious metals. This video is for your entertainment ONLY. Content in this video may be outdated or inaccurate; it is your responsibility to verify all information. This video is for entertainment purposes ONLY.

Topics covered:
Often we stack silver and gold by working with a silver dealer but today white collar crime impacts the price. Inflation causes prepper reactions as gas price, oil, gold price are at record levels. Silver stacking price along with spot price makes precious metals a likely investment. Does finance and the economy and interest rates make stocks in the stock market a last resort for hyperinflation? Economic news for mining stocks may be a good financial education and choice; though if you are a constitutional silver stacker then bullion like gold coin and silver bars or even silver rounds offer likely alternatives to central banks. What is a CBDC? Is it part of the FED or is the federal reserve simply a fiat currency? People tell us investing in gold and how to invest in gold but not the best gold coin to buy. Do you wonder about financial education, safe haven assets and where to Buy Gold Coins. Getting started buying gold. The final topic is how to buy gold coins, and which gold coins to buy. Plus, how to invest in gold because buying physical gold requires a beginners guide to buying gold. Arguments about the best place to buy gold coins as well as the best gold coin to buy. For your introduction to gold coins, American Gold Eagle, and of course American Gold Buffalo! YouTubers referenced: Yankee Stacking, Silver Dragons, Silver Slayer, Smart Silver Stacker, and Salivate Metals.
#gold #silver #preciousmetals

[markhadley]

You are nuts to buy a piece that large in the first place unless you run a manufacturing operation that requires silver

[strykerhalo]

This is a prime example why you don’t ever trade it back in for dollars. You trade it for a Home, Car, Land, etc..etc..

[acetessilver]

I could easily understand why they may only offer $25k for a 1, 000 oz bar.
From their perspective, it's not a great investment.
They will most likely have to sell it back to a refiner pretty quickly.
$25k is not a small sum of capital to hold up, bullion shops make money based on the speed of buying and selling metals, and there is quite possibly zero demand for a bar like that in your area.
And buying a bar that big is risky. If they buy it on a Friday at 5pm and spot drops $1 on Sunday night, they'll have lost $1k before they can even mail it to the refiner.

If you bought the brick at less than $27 per ounce, I'd suggest trading it in and getting yourself kilo's or 10 ounce bars.

[leoguy]

Read up on the 1980 Hunt Brothers Scandal and you'll know why people are reluctant to buy large amounts of silver.

[NostroDispater]

NEVER melt your coin silver! As a coin it is easily identified and weighed, making it ideal for barter. Going around with a giant bar of "silver" gets you scoffed at. And yeah, nobody will "trust" you.

[daveward]

You should never buy a huge brick like this. If you do have one, don't think you can sell it for a reasonable price.

[glenh]

You need to sell this 1000 oz bar to a reputable dealer. Shop around a little instead of going to your crappy neighborhood coin store or pawn shop. They will rip you off. Any good dealer can sell this big bar to their wholesaler who would be glad to buy it if the price is right. Personally, I wouldn't sell it for less than 5 or 6% below spot. It might take some effort on your part but it would be worth it to get the right price on this bar.

[crazyasieverwas]

Well I mean who would wana buy it in a LCS ??? That’s a tuffy. I would never buy one

[thebeequeeper]

The online prices are offerings, not sales!

[peterschmidt]

That's pretty normal. I have 100oz as my largest in Australia. 10 of those today in AUD is $50580 to buy, mint buy back is $45058.50 so $5521.5 difference. 1 oz gold coin to buy AUD is $4199.00, so it's like 1.25 oz of gold being taken as commission. Physical metals is not a short term trade, never has been. I paid $26 AUD per oz, i'm pleased as punch to trade for cash at $45 even though I have held for over 10 years. I'm in silver for protection not for windfall profits but that mania price rise will be the time to sell some.

[wasillastacker]

At least they all offered to buy it. If it was purchased 10 years ago then you did pretty well, you're not losing anything.

[impactukoutlet]

People need to make money to keep in business they buying holding and could take 1year to sell but paying you hard cash there has to be meat on the bone for the business
Sell it your self sit on it for 1 year to get top price don’t forget to count selling fees for the website you sell it on

[Statlernwaldorf]

Businesses who won’t pay you spot = robbing Peter to sell it to Paul.

[ERICSANTOS]

Hit $195k today. I'm really grateful for all the knowledge and nuggets you had thrown my way over the last months. Started with $14k in June 2022

[SMDoc]

I believe the only way you will make good money on silver is when the system can no longer manipulate it and the banks crash. Then there will be a huge demand for it and you will get what it truly worth.

[ordinaryman]

Wrong.
‘We’ do not drool over a 1, 000 bar, nor is it our “end goal”
If you really do have one of these, try selling it to Mark Kabrin at MK Barz.

[CalebAble]

If your trading for cash the assumption is that you've been holding for many years or decades and are trading against you appreciation, not today's buy prices.

[sinkscanyon]

Mine is minted by RCM (so no drilling) and my dealer isn't a mom and pop store trying to rip me off. I could sell this back right now 10 to 20 cents off spot. Quality dealers, loyal customers, and personal relationships between the two go a long way. Oh, and I bought mine at $23/oz.

[michaelgarcia]

10 oz bars is it, over that and the price tag scares most people away.

[richardlove]

My advice is to take it to a bullion dealer….a 1000oz bar is nothing to them and they have the high tech gear to test it. Better still, go to the place you bought it with your receipt…no problem.
Unless you are stacking millions of dollars in physical silver then there is no need for such large bars.
Stick to the world wide standard of 1 kg bars, you can’t go wrong.