THIS Coin Shop owner says that while GOLD is at an All-Time High that most of his customers are SELLING Gold Coins, not Buying Them!
Today we’re talking with Josh from @minotcoinbullion who gives the inside info on how Gold’s New All-Time High Price is being received in his store!
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Coin Shop Owner Says People are SELLING Their Gold – A Sellback Surge?
#goldprice #goldcoins #goldstacking #coinshop
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Comments (39)
@NoCensorshipsays:
March 8, 2024 at 5:51 pmSell!! Sell!! Sell!!
@johngoldsworthy7307says:
March 8, 2024 at 5:51 pmI wouldn't sell, you will need it. At the same time, get rid of all the short sellers that don't care about it like we do. More for us, LOL
@lamarravery4094says:
March 8, 2024 at 5:51 pmI plan on selling my gold a little at a time each month when I retire or as needed. I got to make that gold last for the remainder of my living days, you can't take it with you, lol.
@citidiotRanchersays:
March 8, 2024 at 5:51 pmMy FOMO is increasing! I know I should buy on the dip, but it's brutal (and wonderful) to watch spot increasing.
@lamarravery4094says:
March 8, 2024 at 5:51 pmThat's the marketplace, people buy and sell gold everyday.
@mykittenisagrandmaster4381says:
March 8, 2024 at 5:51 pmGold is over 2190 right now
@neutralerbeobachter2006says:
March 8, 2024 at 5:51 pmThank for your information … Greatings from Germany … great stuff folks
It shows me that the real physical market does hardly reflect the price determined by COMEX and LBMA as this reflects a trend of oversubscribed fincancial products and bets – i would say "illusion of prosperity"
A price decoupled from reality …
German:
"Die Preisfestlegung für Silber erfolgt globalen Edelmetallmärkten, einschließlich der COMEX (Commodity Exchange) in den USA und der London Bullion Market Association (LBMA) in London. An diesen Märkten werden Silber-Futures und Spotpreise festgelegt, die den aktuellen Marktwert von Silber widerspiegeln."
@laserhobbyist9751says:
March 8, 2024 at 5:51 pmThey are selling because inflation is taking their money away, but once the gold is traded for cash, it shrinks more and more over time.
@shaunsprogresssays:
March 8, 2024 at 5:51 pmSell high, buy low. Gold has momentum, but credit is contracting defaults are rising… deflationary risk.
@bostonbilly7725says:
March 8, 2024 at 5:51 pmHow much was it at?
@samsonrodrigues7942says:
March 8, 2024 at 5:51 pmThose people selling will really not depress prices because central banks around the world are buying gold in tons!
@kratostomatoes8587says:
March 8, 2024 at 5:51 pmThere are a lot of auction houses that will sell fake 1oz bars for customers. Buyer beware!!!
@lobbyrobbysays:
March 8, 2024 at 5:51 pmJosh is my local dealer. He's a great dude
@livinthedream7714says:
March 8, 2024 at 5:51 pmHe's buying below spot.
Selling oremiums?
@AustrianStackersays:
March 8, 2024 at 5:51 pmWhat else should they do when gold is at an all time high? 🤷🏻♂️ A lot of people don’t have enough money to pay their bills.
@geoffwaterman6560says:
March 8, 2024 at 5:51 pmThe emotional reaction of people Is interesting. These people have had the gold for probably Since 2011 at the last big highs. I wonder how many just want the money back. There are thousands of people lining up in the street in Shand high to buy gold in any form According to" China observer".
@RogueDemagoguesays:
March 8, 2024 at 5:51 pmGold has resistance at 2075, if it stays above that number many are calling for 2500 in the next 12-18 months.
@syovar1says:
March 8, 2024 at 5:51 pmI'm selling some gold at these prices. Why? The type of gold is unusual, the cash can be converted to paying debt + a lot into more sellable type of gold and silver, because ohhh boy, they are picky right NOW, imagine when its even higher. Your age and financial status and of course how much part of your gold helps determine selling or buying. I've got a solid 15+ years to work it up. Despite people barking about "I'll never sell" is an unrealistic attitude. Do not forget all those grannies cashing out silver at $30 an ounce just recently!
@mitmont4251says:
March 8, 2024 at 5:51 pmShop around? Most locals have a few LCDs and pro only 1 that is reputable.
@SugarSandProspectingsays:
March 8, 2024 at 5:51 pmIs it wrong of me? I chuckle and snh every day the gold and silver spit price goes up, thinking about all the soft hands that ran in to sell prematurely… 😂
@JustARandomPowerliftersays:
March 8, 2024 at 5:51 pmGold was basically consistently at an ATH for 10 years during early 2000s to 2011. I’m sure there were people kicking themselves not buying at 500 because gold was at an ATH.
Timing the market is just stupid speculation.
@BareBeautyBodypaintingsays:
March 8, 2024 at 5:51 pmPeople are 100% liquidating gold and silver to put into bitcoin. It's the only logical explanation. I mean why would someone settle for a couple hundred dollars profit per ounce of gold if they're not trying to 5x that in the next couple of months with bitcoin?
@jimalberts5883says:
March 8, 2024 at 5:51 pmI think gold will go to and hold at $2500. Sell if you have to, but buying now is an ok option. JMO
@JAK0Esays:
March 8, 2024 at 5:51 pmEveryone should witness a buyback at their local LCS. Seeing a guy get handed 4100 bucks in big bills for two gold krugerrands locked in my LCS choice.
@JayNayMaysays:
March 8, 2024 at 5:51 pmI remember when my grandfather sold some hay ground for 2k an acre back in 1999 and he thought he made out like a bandit. That same farm ground in 2023 is selling for 24k an acre.
@mikeellison3254says:
March 8, 2024 at 5:51 pmI just got off the phone with a place near me I asked how much they are buying 2024 $1 Silver eagles for since price I at like 24 something, they said $21.85 Really? Is that normal for a coin shop? New at collecting and trying to start staking certain things.
@clyde19788says:
March 8, 2024 at 5:51 pmi wouldnt sell my gold unless it was 10k an ounce
@bobsacamano7653says:
March 8, 2024 at 5:51 pmsell gold and trade for silver
@winstonsmiths2449says:
March 8, 2024 at 5:51 pmIf you are selling your gold right now to make a profit and take that profit and buy something that will hold its value that would be a good idea. If you are selling to make a quick buck then you will regret it.
@jimgoodreau1245says:
March 8, 2024 at 5:51 pmOf course, people have been waiting four years to cash out !
@moneysaversilversays:
March 8, 2024 at 5:51 pmSmart people buy low sell high, but today's people just don't know
@PamalaCliftsays:
March 8, 2024 at 5:51 pmPeople are selling their gold now thinking they are taking a profit…sigh. What is happening is the coin peddlers can't afford to buy back the influx so offer less. The wholesalers are in essence collecting the last gold from people for the elites. A good plan if you think about it, not as brutal and obvious as ordering the confiscation. GOLD IS MONEY. If only the banks, countries and bad guys have it… and nothing else is recognized. We will own nothing.
@JohnHunttsays:
March 8, 2024 at 5:51 pmHis remark on relying on emotion rather than reason is a good analogy. This is a good statement. JH
@scotts1356says:
March 8, 2024 at 5:51 pmPeople who are buying gold today, are buying "fools" gold. SMH.
@luismonzon1713says:
March 8, 2024 at 5:51 pmLol like a percent? Lmao more like 200/300 difference.. buy it from a reputable
@jonheredia8789says:
March 8, 2024 at 5:51 pmDoesn't say much about the other dealers if greed is ruining the industry
@Marcus-rm8fwsays:
March 8, 2024 at 5:51 pmThese are great videos and insight into reality.
@PrometheusBoundsays:
March 8, 2024 at 5:51 pmSometimes Gator needs some walking around Money ya feel me ❤😊
@stevenhigby3512says:
March 8, 2024 at 5:51 pmGreat show too this day. I have never bought a gold bar.