Dealer Reveals Best SILVER to Buy on a TIGHT Budget

About this video

• Video Title: Dealer Reveals Best SILVER to Buy on a TIGHT Budget
• Channel: Silver Dragons
• Speakers: Harry, Adrian, King Richard
• Duration: 00:15:57

Overview

This video features a discussion among silver dealers Harry, Adrian, and King Richard, addressing viewer questions about precious metals. They cover topics ranging from market predictions for gold and silver, advice on what metals to buy on a budget, the nuances of collecting coins, to personal finance decisions related to luxury items like Rolex watches.

Key takeaways

• Market Outlook: There is significant upward pressure on silver, with predictions of breaking $50 per ounce in the near future. Gold is also reaching new all-time highs.
• Budget-Friendly Investing: For those with a tight budget, the discussion suggests options like junk silver (constitutional silver), silver rounds, or Mercury dimes, emphasizing variety and collectibility.
• Gold vs. Silver Stacking: The decision to start buying gold after accumulating silver depends on individual financial goals, available storage, and personal plans.
• Coin Collecting: Specific "key dates" for junk silver coins are discussed, such as certain Peace dollars, Morgans, Mercury dimes, Washington quarters, and Walking Liberty half dollars.
• Fractional Gold Premiums: While fractional gold has higher premiums, the potential for appreciation means premiums can be recouped over time.
• Rolex Purchase Advice: A key piece of advice for buying a luxury item like a gold Rolex is to be able to afford it twice over, ensuring financial stability and an emergency fund first.
• US Mint Direct Sales: Only a select group of about 11-12 dealers can buy directly from the US Mint due to high minimum order quantities (1,000 oz gold, 25,000 oz silver).
• Silver Price Prediction: While specific price targets are speculative, the consensus is that silver prices will be significantly higher in 10 years, driven by industrial demand and its status as a commodity.