What Brand Of Silver Should You Buy? - Back to Basics!
It's been too long since we've done a refresher on some of the basic principles of stacking, and Michael goes through a question we get in the store every day. What brand is best? Does it make any difference? Michael delves into this and more! Ask any questions down in the comments below, and if you've got a topic for the back to basics series, feel free to let us know!
Need to buy gold or silver in Melbourne, Australia? Come see Bullion Now for all your gold and silver bar and coin needs, now located right in the heart of the city! Need something a bit more special? Little Coin Shop has you covered with the best collection of collector's items!
And if you need to sell gold, silver or other precious metals... we pay 100% of spot price. To our knowledge, that's the best in the business.
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I once managed to get a really nice pamp suisse bar with a certificate for buy back price. Really happy with yhat one 👌
Premium low = high stack.
Thank you for this tutorial, this is why I buy my silver from you, I went to 3 other shops before I found you & ever since I have never been anywhere else, customer for life.
Excellent tutorial Michael! This will help a LOT of new stackers. :-)
Being semi new to stacking, this is much appreciated. Cheers michael
Thanks for this video Michael. This Info is invaluable.
In America, myself and others think the Pearth Mint products are premium Au and Ag.
Thanx good information to know
I love a nice buyback bar .. I have a beautiful dinged Perth mint reverse swan but not that big … love it also have premium ones, if I’m buying I choose based on reason for purchase. I love me the old character bars 🥰
Well done. Pitched excellently for beginners and the curious.
Very well explained
Great video Michael!!!
Thanks mate top job
As someone who only recently started stacking I appreciate these kind of educational videos.
Great video ..Cheers..
Thanks for the education. Been stacking for a while, but always can use the education. I try to get a some from the four categories with the focus on the premium category as I see them as being easier to move with the least hassle; however, I do a little of deluxe premium because there are times you can get a little extra from them when you go to secondary market with no "middle man."
100% Michael it’s always knowledgeable hearing your thougths
Best to stick with Royal Canadian Mint and not have to worry.
I tend too buy a mixed bag I like new silver and am not so worried with the brand it’s what catches my eye but I also like a buy back as it has character with the dints and scratches and tells a story about who’s had it where or what it’s been stored and some times the toning is beautiful my favourite buy back I have gotten ages ago was an old Perth mint left facing swan bar .
The best part of buybacks is the lucky dip component. I'll always take buyback/secondary market silver and gold if it's available. I've picked up some real gems including some high premium items and interesting foreign stuff
Hi Michael, That was Great info and if I win lotto I'll be down to buy the Melb Bars. cheers. Stephen.
Very good
Relaxing vid and low nice music👍
Great display buyback all the way I like the surprise
I like Sunshine as it has the SI security feature on the reverse.
No doubt the best silver to stack because it is an investment at the end of the day is low premium silver bars I sold a whole bunch of coins just this week at bullion now I’m Halton get spot but gee I bought these coins at way over spot it’s just the way it is with high premium silver, p.s gday oscar did tell Michael he needs to do something about aircon at bullion now it was like a sweat shop there on Tuesday lol
I love my Perth mint bars
@titanuranus
10 ай бұрын
The Perth Dragon one dollar rectangular coins are getting a fairly high premium in the US (which I paid.... because they are gorgeous) and the new Perth Swan/Kangaroo bars are some of the best looking bars available. The engravers at that mint have got some mad talent.
Makes me want to buy a kilo bar 😂
wish you guys were in the UK :)
Buy backs all the way 😁👍
Buy Buy Buy!
I like buying high premium buy backs
@BullionNow
10 ай бұрын
Why not the best of both worlds?
@melbournestacker
10 ай бұрын
😂
These videos are fantastic and more would be appreciated in the future. 😊 You must win the award back from ABC.
How much price difference would there be between a buy back and a deluxe version of the same bar size?
@buckfizzard291
10 ай бұрын
Look up Scottsdale stackers vs buy backs
Still have to get myself a 1kg bar...😂
So are buy backs in some sort of order when a person comes in or would you give a regular customer a "nicer" buy back bar?
@markbainbridge5654
10 ай бұрын
"nice" customers get "nicer" bars .... "nice" idea....
@tslee8236
10 ай бұрын
You'll never know. Be nice to the staff. 😂😂😂
@adamflorio2105
10 ай бұрын
@@markbainbridge5654 thats a nice statement😂
how much is aus wide postage per kg ?
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Buy backs for me any bands cheaper the better
First 😊
Premiums have/are starting to really fall in the USA. Australian dealers need to follow, most premiums here are still too high on many things.
@melbournestacker
10 ай бұрын
The supermarkets blame it on “Inflation”
@jamesdoe3713
10 ай бұрын
@@melbournestackeryeah, while they make record profits *facepalm*.
@tslee8236
10 ай бұрын
@@jamesdoe3713Profit inflation.
@tslee8236
10 ай бұрын
Buy gold if you want to have a lower premium %.
@frankabler
10 ай бұрын
Australian dealers can do whatever they like. If you don't like their premiums, you're free to shop for your silver in the USA and have it shipped to Australia.
If i sell metals am i subject to capital gains tax?
@robertoh.20
10 ай бұрын
yes if you tell the gov lol
@frankabler
10 ай бұрын
No. Becasue you always lose money buying and selling silver, unless you're a dealer.
Personally, i do not give a flying duck, my silver bars are sealed, looked at them once, than stored...maybe when im ready to die look at them again..
One doesnt just sell a vintage, J Mathey kilo bar for spot melt! Ever!
@frankabler
10 ай бұрын
Silver is just silver, mate! Premium vintage bars are just a scam.
@titanuranus
10 ай бұрын
@@frankabler That's your opinion and you are welcome to it. Johnson Mathey and Englehardt bars are highly collectible and sell at collectible prices. You are free to pay and collect what you like, just as people who seek out and buy antique silver bars are free to pay for what they like.
@frankabler
10 ай бұрын
@@titanuranus Dealers will sell them at collectible prices but they will repurchase them from you at no more than spot. That's the problem.
@titanuranus
10 ай бұрын
@@frankabler That simply isn't true (at least in the US). If a local dealer tries that move, walk out the door. The big online dealers do pay premium prices for the collectible bars and coins because they know they'll get it back when they sell them.
@frankabler
10 ай бұрын
@@titanuranusJM Bullion sells 1 oz Engelhard Silver Bars for 40.65 and purchases them OTC for 25.41. Sure, they pay a little bit more over spot for them ($1.90) but look how much they're reselling them to the public for. If I purchase one for 40.65 I will only get 25.41 on the resale back to them. That's a complete rip-off for the consumer. All other online dealers have similar pricing structures. Like I said, Engelhard and Johnson Matthey bars are just a scam. Now if a consumer is able to retail these bars by themselves and get a price close to 40.65, then that's a different story.
First
I like buy backs. I am new to the metals, and just the swings I have seen the past few months, make buying the dip really good. I have noticed 1kg silver bars do offer the lowest premium of 75 cents USD over spot when on sale. So personally I keep an eye on weekly deals from online retailers, and when the dip happens, pull the trigger. When Silver does go to the moon, premium wont matter. An ounce of ugly silver bar will fetch the same as an American Silver Eagle, which is exactly why I stay away from Silver Eagles. I just want cheap cost effective silver to stack for when silver goes to the moon. Kookaburras is where I do splurge. All the above reason and logic goes out the door 😎
@frankabler
10 ай бұрын
Sorry, silver will never go to the moon. That's just scammers trying to sell you silver. Better chances with lottery tickets.
@kaceydillin7367
10 ай бұрын
@@frankabler It has before, and the pre I’m never mattered. Hence why I stay away from stacking anything with high premium.
@ptaeiy
10 ай бұрын
@@kaceydillin7367 Are you in Australia? When the American Silver Eagle price 'went to the moon' last year, what was the coin shop paying to buy them from you last year, if you know? I sold all my ASE and made more than USD10 over spot last year. I'm in US btw. Now ALL silver prices are dropping again. I'll be buying ASE again over anything else. It tend to ' go the moon; during frenzies and retain above spot buyback price in doldrums like it is right now.
@kaceydillin7367
10 ай бұрын
@@ptaeiy no I live in Texas. I have only been in metals for like 3 months. I think they were paying $10,$12 above spot last year? What I am referring to is when silver went to $50 an ounce. An ASE was the same as any oz of silver, as far as selling.
My last 3 kg bars have been buybacks from BN and never disappointed.
I just found out that Germania Mint ain't in Germany. It's in Poland.
@titanuranus
10 ай бұрын
The "Germania" name comes from the Roman Empire, that referred to anything east of the Rhine River and north of the upper and middle Danube River as "GERMANIA". This would today include Germany, the Czech Republic, Slovakia, Hungary and Poland. Their coins and bars are second to NO ONE and have superior anti-counterfeiting and security features. They are LMBA certified and (at least in the US) not significantly more expensive than their competition. Their products are beyond reproach and when I order Germania bars, I know I am getting a top quality product. And no, I do not work for and am not related to anyone at Germania. I am just a very happy customer.