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Alaska Prepper
Alaska Prepper

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WHAT SHOULD BEGINERS KNOW - INTERVIEW WITH A COIN SHOP OWNER

Added 2021-02-12 18:53:25 +0000 UTC

WHAT SHOULD BEGINERS KNOW - INTERVIEW WITH A COIN SHOP OWNER - ALASKA RARE COINS; FAIRBANKS, ALASKA.  Thank you for joining me today, Many Blessings to all of you and your Families.  

BUY A COFFEE FOR CHARITY: https://ko-fi.com/alaskaprepper 

TO SUPPORT THE CHANNEL PLEASE SEE LINKS BELOW:  

SD Bullion Precious Metals: http://sdbullion.com/ap 

AMAZON STOREFRONT; ALSO WORKS FOR REGULAR SHOPPING:  https://amzn.to/31kJNdD

WHAT SHOULD BEGINERS KNOW - INTERVIEW WITH A COIN SHOP OWNER

Comments

Learned alot today plz do more shows like this

2021-02-15 16:11:17 +0000 UTC

wow- thanks for this excellent video, and please have Mr. Jerry on again! I didn't know that the minted silver coins would not be ideal to buy over generic, but I understand more after hearing the explanation on premiums. I'm mostly ignorant on metals honestly. I have some questions: how is the spot price actually set and who sets it? Is there a reliable way to determine other than it simply being more/how much in demand? Is it also related to inflation as well? I ask because precious metals are supposed to be a hedge of protection *against* inflation. I think I understand a bit about why the physical price of silver would be the actual spot+premium but I could use a bit more detail on what goes into a premium as well- I sort of get that there's a production cost and delivery cost of sorts. Can he explain more why it's better to buy "generic" silver? Jerry had mentioned something about "transferrable commodity" so if I understand- that is referring to using the actual (minted) dollar coins like silver eagles, maple leaves etc *same as* actual money? I would guess then obviously the constitutional /"junk" silver (what an unfortunate oxymoron seeing as our constitution is being scrapped) is/was at least transferrable since people used to actually purchase with it. Is generic silver not useful for making actual purchases or would it need to be converted to make purchases? I'm interested in learning more about copper- is it worth it to purchase some minted copper coin since it doesn't seem to cost much anyway with a "premium " price tag? I can't afford much so maybe I can do some copper. // This may be a bit "futuristic" but wondering if at some point stores or venders would take silver, and if so, only the minted coins? I would like to understand the concept of transferrable in this scenario. With most people knowing next to nothing about precious metals, what would it look like to go into a grocery store with a few silver dollars or ounces? Would there need to be a way to weigh or test it at the registers? Seeing as many people are ignorant on money, I'd not trust average bears at the checkout if I had to get "real change"? I'm probably thinking too much. I guess we'd always need coin shops- or maybe like mini coin shop/tellers inside grocery stores to verify your money is legit? What if govt tries to make owning precious metals illegal again? I know this is long, but..lastly, what all is considered "scrap" metals and is it worth the time to crush cans and find places to get paid for it? If so, who determines what it's really worth? The places that weigh your cans/scrap metals and give you the money? I've not done it yet, but I heard they don't give you cash but put it on a VISA card and log your name to track the transaction- so guess you trade scrap metal for plastic, lol but it's still payment. Will have to check it out though and share how it goes. Maybe someone has done this and can share. Bought a cheap can crusher at Harbor Freight. I don't know how to determine what cans are always made of. Some coffee cans are still steel and say so (Chock full o' Nuts does) so you know they can be recycled, others not so sure. Thanks again for this video and for taking time to read this to the end. :)

2021-02-13 19:23:01 +0000 UTC

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