https://www.youtube .com/watch?v=I2e77yZMXTQ
#Gold #silver #preciousmetals In this video I talk about the problems that silver stacking can have when coming to sell silver. The truth is that silver stacking is not a very practical investment and can somewhat be prohibitive of a quick release of funds when you might need them. Buying and investing in silver is something that a lot of people do not think about how to exit from. Selling your silver bullion is not as easy as you think, especially if you want to get the best price for your silver bullion when you are finished with your silver stacking. To be ready for all eventualities I talk about how you can best prepare yourself for the selling of your silver bullion and how to get the best prices for your silver stack. Ultimately if you want something more liquid and easier to sell in an emergency then Gold Bullion is always going to be better. Silver stacking is always second to Gold Stacking and this is why I will continue to stack gold and use the silver bullion I have to make sure that I can buy more gold in the future. If you would like to support our channel please check out our shop page for all our hand poured silver. https://backyardbullion.com/product-category/all-items/ Join the channel and show your support by becoming a BYB Rambling society member today! https://www.youtube.com/backyardbullion/join If you would like to support our channel please consider purchasing our T-shirts please visit this link: https://teespring.com/en-GB/new-byb-hallmarked-t-shirt Stay safe, stay healthy all. Thanks also to the channel sponsor The Silver Forum! http://thesilverforum.com/ Follow me on Instagram: @BackyardBullion Thanks for watching and I will see you next time! Silver Coins, Silver, Silver Bullion, silver stacking, silver price, silver price forecast, silver prices, silver price forecast 2022, silver eagle, How to Sell Silver, silver stacking for beginners, Silver Eagles, Coin Shops, LCS, Coin Stores, buying silver, how to buy silver bullion, how to sell silver bullion, gold, gold stacking, investing in silver, silver coins, gold price, gold prices, investing in gold, silver bars, silver bar, bullion bar, selling silver
I was out of town for a conference and my wife decided to move in with her parents during that time. When she did, I felt so bad she had to move all our silver while pregnant! It wasn’t a lot! But enough to be concerned about a pregnant lady moving it. I decided to change some silver to gold and just concentrate a bit more gold.
I have to say you get low-ball offers for gold also
Call the local coin shops (LCS) in your area and ask them what their buyback practices are. Do they buyback using a weight threshold? Do they buyback with a sum total threshold? Do they have a specific type of silver they buy (e.g. coins vs. bars)? Knowing this in advance will help you create a liquidity strategy around your stacking. Cheers!
Here in US, you can’t sell on ebay without losing your @55. They charge sales tax to the buyer, and now we have to pay income taxes on our sales in addition to the fees. Not worth it.
Silver is not a wise investment it is not an investment at all… It is nothing more than a simple hedge and you must think of it that way at all times. Same goes for gold. Imagine how much money you have free to set aside to hedge against inflation spend that amount on silver and Gold.. if the ratio is 100 to 1 so all of your gold and buy nothing but silver if ratio is 80 to 1 or higher just buy silver if the ratio is between 60 to 1 and 80 to one buy silver and gold equally if the ratio drops below 50 to 1 sell all of your silver and just buy gold… Dollar cost average the small amounts you can afford to hedge, continue on this path and you will have a golden parachute or a silver shield when the time comes to need it… No bullshit I know an Air Force veteran that retired on gold bars…… He bought massive amounts of gold in the year 2000 when it was around 250-300 an ounce. He has recently retired does not work at all in fact he does nothing but whatever the hell he wants to whenever he wants to and whenever he wants to do something he simply sells a small portion of the gold he has built up. He’s been in Bermuda for over a month now living the life and I’m pretty sure he has enough gold left to last in the rest of his life
Less is more. Was it really necessary to state that you preferred gold over silver a hundred times? Furthermore, suppose things melt down and you need to buy stuff like food with your stash. Wouldn’t it be better to have some low weight silver pieces? This also ignores the probability that silver will outperform gold in the early part of any future rally…
I agree, bars are not as aesthetically pleasing as rounds.
I’m in New York, I can sell 95 kilos to a wholesaler in one day for hard cash, from $1 under spot to fifty cent over spot depending on the brand. I would bring 5 or 6 family members if I needed it in one day, if not, I would go to my wholesaler 6 days in a row because I don’t want the transaction reported. He has to report it, if the sale is over $10,000. Bottom line is that it would be no problem selling even $100,000 in silver and he would give cash or check, or both if that’s how you wanted it. Peace.
Diversify And Cost average, Is the key. I have silver coins. I have silver rounds. I have One And 5 oz. silver bars. I also have 1/10 ounce Gold coins. And I have certified peace. And Morgan silver dollars. You never put all your eggs in one basket.
I try to keep a good relationship with the places I buy from, when going to sell I have only had issues with specialty rounds and such recouping premiums…that being said I’ve only had to sell a few thousand dollars worth at once so , mileage may vary…
Well said!
I only buy 1 Oz rounds I did buy a 5 Oz bar once because that is all my LCS had
If I could do it all again I would definitely spend my hard earned on Gold 1oz coins.
1000ozs of silver coins is very very hard to store and the value of silver has dropped.
Gold is definitely the way to go if your buying precious metals for the future
Great video byb 👍🏻
The key to me is that the bigger bars have fewer bars! 20 oz and below usually sale pretty gd! He should also have multiple avenues
there are stories about grand parents and great grand parents hiding $20k in their floor boards and their grand children or great grand children finding it 70, 80, 90 years later. adjust $20k for inflation. even a low ball offer isn’t a problem. the precious metal holds value far better than cash. but yeah, maybe stick to 10 oz bars so you can liquidate more fractionally.
Ebay is a joke would not buy shit from eBay