Dealers Stunned by MASSIVE Demand for SILVER at the Coin Show!
Video Overview & Insights
I just got back from the Tulsa, Oklahoma coin show where I caught up with Josh from @minotcoinbullion live on the floor, and what we found out was the complete opposite of what either of us expected going into this volatile silver market.
Hey SS - thanks for the interview/synopsis. It took me a few moments, longer than it should have, to realize you guys WERE on split screen!
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Instead of people lining up to dump their silver, dealers were seeing massive buying demand, with low premium silver eagles, silver rounds at spot and gold bars selling out fast. We talk about what this means for the precious metals market, why premiums are so low right now, and what it tells us about where silver stackers think the market is headed.
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If a dealer is selling silver $5 under spot....it's because the dealer ripped off a seller! That is why I won't buy in these times. 😊
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Your camera focus system is bad. Check it because i cant view the video it makes me fizzy.
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Didn't you just post a video from a coin show where dealers were discounting their silver?
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Yes, more Dave. Love josh also!
Credits:
Interview with Josh from @minotcoinbullion
Only stacking gold at this point. If I do get silver it's silver eagles was getting slabbed ones for spot or a couple bucks over . I personally believe the rest is dead like 90% etc. If you plan on holding for 3 decades you might be good ???
Special Shoutout to Dave from @Coinhuskers
Chapters:
Yes, more Dave.
00:00 Intro
01:07 Live at the Coin Show with Josh from Minot
Please let us know if you all are going to be at any Dallas/Ft. Worth shows. :)
02:05 Huge Silver Demand at the Coin Show
03:42 Cheap Silver Eagles Sold Out Fast
Yes, please feature Dave Minot on the channel more often! He is a knowledgeable dealer!
04:28 Why Premiums Are So Low Right Now
06:50 What Stackers at the Show Told Me
I was there and bought everything I could for the amount of cash I had. Feel like I got some pretty decent deals. It was awesome to meet you and Dave. Sorry I was a day late for Josh.
07:51 Dealers Stuck on Old Prices
11:27 Shop Around for the Best Deals
I want ever pay over spot.
14:04 Wrap Up with Josh
#silver #silverstacking #silverbullion
I get Eagles at spot every time I go to my local shop. I got Britannia’s last weekend for $1 under.
More User Perspectives
Stackers understand that coin shops should buy silver coins at spot and sell for a $5 premium ..
@kerryobrien8599Fun to see you guys finally meet in person. Hope one of you had candy and flowers!😈😈😈😂😂
@scotthansen9081Man I wish I could have gotten 10 1/0 oz Maples for $3,800 !!! Deal of the year.
@larrysingI’ve been trading for the past four months and working on improving consistency and refining my strategy through live market experience. I’m looking to connect with more experienced traders and would appreciate any feedback or advice.
@MaricruzShubrichWould like to see a 90% only video update.
@BethHallmarkNo Josh needs to come to KC!
@massagedude3487Sure bring Dave on. I saw him in KC too!
@massagedude3487Anyone who buys this rally is gonna get fucked over. No thx
@rockytop6077Man, I would have jumped all over those maple leaves bro!
@massagedude3487One thing I’d really like to see more of is interviews with everyday stackers and collectors. We often hear from coin dealers, mint representatives and people selling products, which is interesting, but 99.9% of your audience are stackers and collectors.
I’d love to hear what ordinary people are doing, why they’re stacking, what they’re buying, what they’ve learned, their mistakes, their wins, and how their approach has changed over time.
The dealer perspective is valuable, but hearing from fellow stackers is often even more relatable because they’re the people most of us identify with.
Everyone is buying the dip...myself included...silver is about to shoot up to 100 or 110 and that will become the new floor. I got ta get another 1/2 ounce of gold, before I get more 10 oz silver bars....hopefully there's a big correction, on its way to the top, that will buy me time, to make another move on silver
@WilliamWalker-z8z3kThe real coin show mystery isn’t the silver—it’s how Seeker managed to position the cameras so we can inspect Josh’s hairline but not his own! 😂 Nice try mate, but I still think Josh is carrying more roof tiles. 🤣
@Seven-Seven-77I started by buying 1 gram 😅
I am trying to buy as a hobby knowing that it is something that can be sold if situations change
Minot is a LONG DRIVE from anywhere!!!
Unless you're Canadian 🇨🇦😂🤠✌️
my guess is, they need silver for all these data centers they want to build.
@stevenharvey4553I think we’re shooting off the fireworks too early. Is it wishful thinking that this war is over and silver is gonna soar to the sky
@larryireland7832You weren't kidding that camera isn't very good. But it doesn't surprise me that people were buying. The people at the show know how metals work and are in it for the longterm.
@BicentennialBaby1976I'm sure the US mint and NGC would draw in more people but I'm not sure that would translate into more buyers. At least not buyers of the stuff most of the vendors were selling. If people aren't going to go to a show because a certain vendor isn't going to be there they are probably looking for very specific items that others vendors may not have anyway.
I know most vendors do shows to sell but one of the side benefits of attending is getting together with like minded people. It sounds like a bunch of great people got together, some for the first time, and had a good time.
Wish we had coin shows in Houston.
@Bee-BuzzingI'm from Omaha, and Dave is my guy!
@nebraskajoel7838Yes, I would like to see Dave on more.
@TheFabled1Seeker is right sometimes you go drive an hour to a different town with a different coin shop just to find it the same price but now you're an hour of gas down and gas is expensive as hell
@Ghost_DiZI bought my first one ounce gold coin from Dave at huskers about five years ago $1950.00 approximately wishing I had gotten a bunch more thanks for the video
@SilverFoxTN1957Bro, maybe Shave and Shover before making Vids, ...Look kinda Greasy , Dirty , LOL
@NeePeeZdeeReally have a lot of respect for Josh. Wish there were more LCS dealers like him.
@go4it129It has to be a buyers market.
@go4it129Stopped n hit my LCS today grabbed 10 silver eagle $74 per n 2 grams Canadian maple $155 per think i got a great deal....
@DIGZ172That thing about dealers not giving prices on the phone
I have called them and asked, how much over spot for Eagles and Rounds.
Some wouldn’t tell me
Are you kidding me?
I won’t buy from anyone like that!
If you are scared to tell your prices, they can’t be that good!!!!
Yes to Dave!
@summerthyme8270I've found great deals at shows, having that many dealers in one spot drives prices down in general. Wish there were more shows near me.
@GOLDisMONEYau79I’d love to see Dave on your channel. It was great seeing both you,
josh, and Dave at the Tulsa show.
Buy low sell high, next.
@ChrisWibbelerThat's funny cause my dealer said there are 10x the sellers to buyers..
@FreedomAtRisk