I sold a long collected box if gold & silver for our LAKE House! Went into foreclosure sadly & we snagged it. Had it inspected, put on a new roof then scrubbed it clean, painted & are having a blast. Our new appraisal is "almost" double it's purchase price. Retirement in 8 months!❤😊

When I shipped 100 oz bar and the Post Office guy asks if anything is hazardous , I say only if you drop it on your foot!

@ronaldmiller3619

Жыл бұрын

That is good

@snakebyte7271

Жыл бұрын

That's funny right there !

@messenger325

Жыл бұрын

Then you just shot your foot off 😂😂😂

It's nice to see that Tim doesn't take bars out of the assay cards. I know at least one shop near my will buy bars and most of them he pops out of the assay and sends off to get melted. Best of luck to that guy and his restaurant. That is one brutal business. Thanks, Yankee!

@DR-oy9wc

Жыл бұрын

Have you seen what they are doing to pizzerias in NY?? Lol talk about a clown state omg

@SolemnStacker

Жыл бұрын

@@DR-oy9wc They really did it a long time ago, just some places were grandfathered in with Coal ovens. Sad. I ate at Patsy's in Harlem quite a few times as a kid/teen in the Late 80s/Early 90s, when my Dad would take us to NYC to visit family. He grew up in Harlem in the 50s and was a long time customer before Military. Best pizza ever. Had some "Grimaldis" coal pizza about 15 years ago, and it wasn't even close to as good as Patsy's. Lot of the OG pizza places were bought out by corporations/investment firms in the late 90s/Y2k, which almost Always leads to Quality becoming less important than Profit/Marketing, etc.

@TheQuickSilver101

Жыл бұрын

@@DR-oy9wc I did see. I doubt that anyone still living in New York is under any illusion that it's anything other than a true mess

@SuperBullyone

Жыл бұрын

a restaurant is the only business that I ever went broke in.

I love your channel, people buying to protect their wealth and others selling to increase theirs. I love Tim

Hi yankee , I was at Tims a week ago me from Mass. Tim was a real pleasure to deal with , 😊 loved every minute of it . Joe

The coin and bullion lobby is strong in Georgia. There are no sales taxes on either numismatic coins or precious metals transactions. The only thing you need to worry about is the $10,000 reporting thresh hold that is required by the IRS.

@stanleyclark923

Жыл бұрын

Yep! At least it's getting better in FL. They just made it where you don't have to hold bullion for 30 days (or however long it was - not sure because I'm in GA too).

@mikerommel8295

Жыл бұрын

So what if irs knows you sold gold. Is it illegal to own then sell gold or silver?

@erikanthes954

Жыл бұрын

Same with Missouri. A free state.

@sccarguy8242

Жыл бұрын

That’s not true.. I buy in GA all of the time. Yes no tax on currency (foreign or domestic), but generics get taxed… I had a debate about it at one store because if I’m Being honest the taxes are not enforced by every store, and he showed me the tax law.

@dpirkl4560

Жыл бұрын

@@mikerommel8295 puts you on the list.

Another good day at the Coin and Stamp Shop!!!

Great conversation ! This was a great topic to discuss. I never thought about this before

The way Tim looked at Yankee when he said everything was for sell 😂. Tim has retirement in his eyes

@TsquareTalk

Жыл бұрын

Can you imagine if Yankee buys it. Yankee could probably cash out his gold and silver and buy the shop. Granted I would miss him I think he's became a big part of this channel I enjoy watching him just as much as Yankee.

@TomokosEnterprize

Жыл бұрын

Tim retire, Hmmmmm. I always thought he would work to his last breath. He is one full of life fella eh.

@TomokosEnterprize

Жыл бұрын

@@TsquareTalk Well and nicely said old friend.

@kellycoleman715

Жыл бұрын

Can you blame him? He’s in his 70’s and has earned it.

@TomokosEnterprize

Жыл бұрын

@@kellycoleman715 Folks like Tim are timeless.

I’m surprised Tim does not take the bars out of the card. I’ve seen them fool the Sigma machines at my LCS. Of course, I’m sure he tests them in other ways as well. The fakes for those gold bars are getting scary good. Hope everything works out for the restaurant owner. Thanks Yankee!

@matthewnirenberg

Жыл бұрын

The genuine cards are transparent to both the original Sigma, the PMV PRO (The new Sigma) and XRF machines. I would always recommend that dealers should invest in an XRF machine as well. Also, if you take the bar out of the assay card, there goes a big chunk of the premium and several security features (tamper evident). I would also caution the accuracy of the original Sigma (the one shown in the video) as Sigma brought out the PMV PRO to address a couple of cases in which the original Sigma could be fooled.

@Evom777

Жыл бұрын

For the smaller fractional bullion, the smallest wand with the Sigmas is the way to go.

I'd like to see Ron Paul walk in the coin shop door some day. It would get Yankee Stacker a million views with Tim and Ron talking about Liberty.

@TomokosEnterprize

Жыл бұрын

That would be great !

I hate to be that guy but that is an awful idea. Restaurants are one of the lowest profit margins out of any other good/service industry, even when it comes to retail clothing restaurants have a smaller profit margin. He's wasting his gold for hyperstress

@OvisHerder1

Жыл бұрын

Cherry pan-ties...?

@nickelstacking2023

Жыл бұрын

yes, but he will be his own boss. They don't have a high success rate though. You hire people and they quit less than a week later. He will probably have to everything at first and 12 hours a day .

@america4ever45

Жыл бұрын

Being in the business. It depends on where you are and what your market is. If you are in West Hollywood and are a high end restaurant then you are making money on the food but most profit is on the alcohol. This overall strategy rains supreme across the spectrum but demograpthic and location os everything.

@drip369

Жыл бұрын

@@nickelstacking2023 yeah he's definitely risking being underwater for many many years, at least he is investing his own money into currency instead of trying to get a loan and if it's his dream and that will make him happy whatever but still not the best choice, especially under this current climate

@turokforever007

Жыл бұрын

Add to that look what lockdown did and we will be getting another. also, only the rich will be able to own a business because of the rules coming in.

I've never kept a receipt. On purpose. I don't want a receipt or any paper trail of the transaction. It sorta shocked me that 99% of people get receipts and keep them. I understand all the reasons they would do so. But, I wonder if they understand the reasons NOT to do so.

@Bulletcore

Жыл бұрын

Before, I lost all my gold in that tragic boating accident, not once did I get or ask for a receipt for my precious metal purchase. My LCS doesn't even know my name on purpose 😂

@hacksaw5800

Жыл бұрын

Yeah I agree.... only paper my LCS gives me is the envelopes he puts the nice coins in lol

@arte9855

Жыл бұрын

My local place always asks...cash? Need a receipt?

@DR-oy9wc

Жыл бұрын

Agreed 💯. You are potentially sabotaging yourself by keeping a paper trail for the Gov

@Kevin-ii7gy

Жыл бұрын

Need a receipt if you want it insured

Thank You for all the great information, 🙏🏽🙏🏽 another great video in the bag

Thanks Yankee for another great video full of information God Bless Team Yankee & Tim

might be a good idea for a future video ...discuss rules,regs,taxes, customary problems, to expect and plan for if you need to liquidate PMs legally

@David_Quinn_Photography

Жыл бұрын

that's a tricky subject there are 50 states and every one of them does it differently. where I live they charge 6% sales tax on purchases under $1000 but have no capital gains tax, next closest state to me has no tax at all, the next closest to me does not tax US coins but taxes bars and non-US coins.

@garynelson4749

Жыл бұрын

@@David_Quinn_Photography absolutely its multi-faceted.....but there is a lot to unpack even if you take the various state issues out of it ...such as the us coins vs the non us bullion at the federal level etc

@greenmirror5555

Жыл бұрын

All taxation is theft...start there. Honest trade among friendship! Article 1 Section 10

@Useless_Knowledge07

Жыл бұрын

​@@greenmirror5555 Smart man.

@David-rz7jj

Жыл бұрын

@@David_Quinn_Photography Who pays taxes on PM? I don't. 👍

Showing receipts for your cash? No thanks! Gold and silver is money folks. If you hold it in your hand, it is yours. That is why we buy gold and silver!

@marckoplin9738

5 ай бұрын

Gold Bullion Carve Initials Easy TO Make This Gold Identified as my brother signed all documents with a Sign.

Maine just lost by 1 vote to drop the sales tax for precocious metals this month

EXTREMELY useful topic today, Yankee!! I was waiting for you to break out your check book. Maybe Tim didn't have enough to spare today?

I hope it works out for him but there is a 95% failure rate in food industry. I would keep my metals and use someone else’s collateral or not do it.

@Useless_Knowledge07

Жыл бұрын

I agree!!

@Useless_Knowledge07

Жыл бұрын

He should just put the restaurant up for collateral. If he can't do that obviously his investment unfortunately isn't worth the trade off?

@libertyforamericanow

Жыл бұрын

My wife is a gm for chili's. She and the managers make pretty good money. They get bonuses, 4 vacations a year, health insurance ect. Must be some money in it. They must sell a shit load of food

@Useless_Knowledge07

Жыл бұрын

@@libertyforamericanow Corporate franchise is a totally different profit margin vrs cost of products and time to prepare? Definitely two different beast?

@libertyforamericanow

Жыл бұрын

@Useless_Knowledge07 i agree but if your restaurant becomes popular i think youll do alright. People will always have to eat. But yeah its not a business i would start. To much work for the profit margins.

Im stacking silver to start a small business, sure ain't a restaurant 😅

That is so funny because I'm thinking about selling my gold for a homestead up in Maine. I've always said the only way I would sell my metals my personal collection of metals is if it's for something better and sound and real. No paper promises.

@hacksaw5800

Жыл бұрын

My same thoughts on my metals

@BigTomInTheBasement

Жыл бұрын

@@stevel6660 Real Estate is something that one can't really own without government involvement. The title is a government maintained and enforced item.

@totallybonkers2447

Жыл бұрын

As the government could confiscate your gold I’d defo sell

Your mic picks up the customers actually really well. Nice!

Oh dear, well... at least here in the UK it's pretty easy to identity my pound coins. It has either the late Queen's or the King's portrait on one side 🙂

Another great video Yankee and Tim. God bless you guys!

Tim and other coin shops with gold and silver own and operate a de facto bank. No deposits, but still a bank. A bank where exchanges can be made after the collapse of the current Federal Reserve & US Treasury system.

i pay cash at my dealer, i dont have receipts for my coins

@thekiwiclipper1113

Жыл бұрын

Yep same here. I've never sold silver but luckily I only use cash for precious metals.

I would hop on that bar in a heartbeat if I knew it wasn't already sold. They pour ripples are gorgeous.

Love the video. Was looking at your store and was hoping to see a new channel round for sell

Being a NH guy and loving the Beach Plum in Epping for a lobster roll, I will have to check out his restaurant. Big fan of good shrimp Pad Thai. The reviews online are very good, so I'm looking forward to trying the food.

Another great video. Thanks to both of you.

Cool someone is starting a restaurant in Epping. I’ll check it out

Gold for a restaurant.??? Please God, intervene.

@nickelstacking2023

Жыл бұрын

He has to do it . I have a small business . "You gots to Knows"

@nickelstacking2023

Жыл бұрын

Like two guys fast on the draw . Neither likes killing the other , but they both have to know who is the fastest

@messenger325

Жыл бұрын

​@@nickelstacking2023unless they both die,, then it was all.for nothing 😂

@sccarguy8242

Жыл бұрын

As Yankee says Be the Bank ! So he is

@joencrypto8133

Жыл бұрын

I did this 10 years ago, it was a great decision 10 years later, getting passive income from restaurant in the form distribution checks twice a year to get more shiny metals. Meanwhile in the last 10 years price of silver has gone nowhere. Cash flowing assets beats metals everytime.

Thank you Yankee you & Tim make my day!!! Keep on stacking and GOD BLESS both of you guys!!!

Thank you gentlemen for the video.

Always some interesting tidbits, Thanks

Restaurant bad... Gold good

Good luck to the guy selling gold for a restaurant. Gold is cash.

That guys beard is awesome! Almost makes me grow mine back...just to hot now.

I hope Tim’s NOT retiring. He can’t. Too young!!! :)

Damn that pocket pinger Yankee! I need to win me one of those some day soon on a Yankee live...

Let the man dream 🙏🏼😎 i hope he does good in his new adventure 😎🙏🏼 GODSPEED

@watthaile2053

Жыл бұрын

He's young, he has time to recover. At my age, there's no recovery time left, so I couldn't do that.

I have a 1 oz gold coin that I wish i had the skills to turn into a badass necklace and bracelet

@yankee stacking, yard sale video, bro!! The only stipulations are that Tim can not retire before I visit the shop, lol. On a side note, I bought a box from "technically stuff." it was amazing craftsmanship

States that still tax the sale on precio us metal: Vermont, New Jersey, Maine, Tennessee, Kentucky, Wisconsin, New Mexico, Mississippi, Hawaii.

If you buy Gold that is 99.50 pure and silver that is 99.9 pure there is no tax charged in Canada for these precious metals, plus the Canadian dollar is only .76 cents US, so your getting your metals 24% cheaper on the exchange rate and 28% on the tax which means an overall savings of 52% cheaper price when you buy from Canada and here is a bonus 3 of our big banks will ship it to you.

Some coins would not know what ones micro engraved that is very good to do

Great video Yankee

Love your videos, very educated Does Tim have any free samples lol

Here in Britain any Gold coin issued from the Royal Mint and considered as 'legal tender' such as Soveriegns and Britannias are free from VAT (purchase tax) and CGT (sales tax) which is why most Brits that Do stack (albeit a minority) favour buying these coins.

We love these guys

Great job guys

Bought 8 Double Eagle 1 oz coins in 2021. Ohio charged sales tax 🤮

Got one top machine ! Thank you for the info !

You always leave me wanting more.

So if I plan to sell some silver should I bring in my receipts at the same time? Or is that just for gold?

Utah no tax. Gold and silver are legal currencies

Love the info from Tim today great video Yankee and God bless. Here in Redding California, if you spend more then 1500 you didn't have to pay tax and now they just upped it to 2000. Crooks.

@bobegan2121

Жыл бұрын

Thanks President Gavin Pelosi Newsome

@NovaMcKay

Жыл бұрын

Leave California bro come here to Arizona just don't vote Democrat.

@jimhutchison3808

Жыл бұрын

I was hit with that myself, called the vendor complaining about tax on a $1700 purchase and found out the hard way about Gov. Gruesome latest money grab 😢

@-Milo

Жыл бұрын

Nice, I’m from Chico

I JUST GOT MY POCKETY PINGER AND LOVE IT! THAT SOUND IS SO SATISFYING

All maples are serialized but you need that crazy expensive machine

Guys, gold is a retirement plan. You buy it and keep it.

@nickolaskunz5735

3 ай бұрын

Nah it’s your to decide, sell it if ya want.

if you get a receipt showing proof that you bought something just keep it, there is nothing bad about keeping track of that and you may get more for showing proof that it is yours.

@Useless_Knowledge07

Жыл бұрын

Not to mention you can prove a lot like time of investment, cost which could mean less taxes for sure and the amount of tax liability...? Plus where you got it from incase fake..or stolen..

@Useless_Knowledge07

Жыл бұрын

@@stevel6660 no for making an income thru the biz. The gov gets a % after expenses.

Wow amazing

Yankee, I have a new-be question. How can expect to easily offload or trade gold, with any sense of security if Tim even can’t tell the difference between real and fake, and has to use the scanner? I’m sure it’s only a matter of time before con artists figure out a way to even make coins ring the same. It seems that the forgers are undermining the whole system.

@sonofhibernia8872

Жыл бұрын

Pamp Suisse also have the veriscan option on the packaging. You can't fake that.

Tax money no way ...If taxing a gold eagle they tax what you pay but I think it should be taxed on the $50 on coin

Stacking gold, nice. I just look on the ground for it.

I've got all my receipts, even for silver.

Yankee le ha forrao la tienda de clientela a Tim 😄

I want to go to Tim's shop and meet him and Yankee . It sucks I am located in California L.A if I was even closer I'd drive back and forth I wish the best for that man I'm a sue chief and it sure is hard believe me dreaming is easy doing it is harder yet satisfying

I did the same for a family restaurant spent my 40!k7yrsago I now started a farmstead covid did it in

He mentioned exactly why I would never buy online or with cards. so easy, small children know how bad the government is.😁

@RBS.23

Жыл бұрын

That's why whatever I buy online, I give it all away as gifts. 😏

Great video😎

@Salivatehelpline

Жыл бұрын

ᴀᴘᴘʀᴇᴄɪᴀᴛᴇ ʏᴏᴜʀ ᴀᴜᴅɪᴇɴᴄᴇ! ꜰᴏʀ ꜱᴜᴘᴘᴏʀᴛɪɴɢ ɪ'ʟʟ ꜱʜᴀʀᴇ ᴡɪᴛʜ ʏᴏᴜ ꜱᴏᴍᴇ ʙᴇɴᴇꜰɪᴄɪᴀʟ ɪɴꜱɪɢʜᴛ. ʟᴇᴛ'ꜱ ᴄᴏɴᴠᴇʀꜱᴇ ᴡɪᴛʜ ᴛʜᴇ ᴡʜᴀᴛꜱᴀᴘᴘ ɴᴜᴍʙᴇʀ ᴀʙᴏᴠᴇ☝️☝️

Hey Yankee, what can you tell me about 2022 2oz aus silver dingo coin. I just wanted your opinion.

Question about gold and platinum. Maybe you can clear this up. Or maybe Tim can shed insight into my question. I can look at gold and today it's 2036.00 (plus change) for an ounce. The face value is 50.00. But I can look at Platinum and pay 1114.00 (plus change) for an ounce. The face value is 100.00. If platinum is basically half the price of gold per ounce, why is it twice the face value?

I am stopping watching a couple minutes early to come watch you live.

Like the new tech

Restaurant guy you are making a good decision. High interest loan vs taking a profit on precious metas to buy another asset.

The IRS business loan interest deduction lets you write off the annual interest you paid on a business loan. With the business loan interest tax deduction, you can deduct the amount you paid in business loan interest from your tax liability. This deduction reduces the amount you owe in taxes.Oct 27, 2022

I feel like such a young stacker watching this 😂

Tim was like, restaurant, what kind of restaurant?? Trading in his gold instead of just getting a business loan..

@michaelfranks341

Жыл бұрын

Cant get business loans right now at all. Banks have shut giving out loans for high risk loans

@Useless_Knowledge07

Жыл бұрын

@@michaelfranks341 According to the seller he could have taken out a business loan but they quoted him 5% interest rate.

I think yankee should start working in this shop too😂

In Australian dollar gold depreciated by 20% a year for the last 20 years. And that without any effort. Restaurants require heavy work and income depends on many factors. You have to pay taxes, wages and other expenses. It is a very risky business.

If someone stole my junk silver, my fingerprints would be all over them.

@silverman5707

Жыл бұрын

Lick each one then your dna will prove it’s your.

@georgemarcouxjr6192

Жыл бұрын

Naw, their bloody DNA would be all over mine.

@MrDavidknigge

Жыл бұрын

@@georgemarcouxjr6192 oh, you stacking lead?

Best of luck on his restaurant

I have a large silver stack and a small gold one. Dont have any receipts....😢 I've always thrown them away.

YEAH TIM!!!

Most of the 80s silver was cheap just for a small part of the 80s silver was highj

I hope its not a pizza business in New York! You will have to microwave your pizzas!

When they show you proof of ownership does the shop take that with the purchase , otherwise I can buy a small quantity of legit coins and steel loads and use the same receipt over and over again at different shops trading in my stolen coins

So Tim said wire transfers go thru the Fed so the government has your info... but isn't the Fed private? Also, not part of the Federal Government and they have no reserves. So a private bank is selling your financial info?

You could mark the coin with an invisible pin. The mark would only show up with a black light.

Can’t say I blame her. Perth mint makes some beautiful coins.

@bingbong7316

Жыл бұрын

The "Happy Birthday 2023" really tickles me, but lawks, not cheap. I might and I might not lol.

@triple9fine

Жыл бұрын

@@bingbong7316 if it brings you that much joy, get that coin.

I wonder if the Feds could get get info off your phone or phone records on using the Pocket Pinger?

@georgemarcouxjr6192

Жыл бұрын

I wouldn't be surprised

Got my Tim (and Yankee) fix.

Canadian one ounce Maple has a serial number inside the tiny maple leaf. They are called DNA gold bullion.

Let's talk Sterling Silver Flatware and other items. I love Sterling since there is almost zero premiums and some other pros like hiding it all in plain sight and low possibility of confiscation.

OKAY, that was silver, most of us have seen or own 100oz Silver bars... NOW let's see the BIG GOLD BARS !!! 🤠✌️

I want to go to that dude's Thai place sooo bad. Too bad I'm 2500 miles away. Silver is still a better deal right now.

The Perth mint has cute coins!

I want to buy his metal detector in the corner at the yard sale!