Will Proposed TARIFFS make #silver values climb? #gold #tariffs

Summary

In this video, the speaker discusses the impact of new tariffs on the silver market, particularly on constitutional silver like junk silver dollars. They mention how the market has seen a decline in demand recently, with silver prices often selling below melt value. The speaker also touches on the broader economic implications, including the strength of the US dollar, the political climate under the Trump administration, and how this may affect the price of silver and gold. They emphasize the importance of investing in niche collectible coins for future value, and forecast potential market changes in the coming months.

Takeaways

• 😀 Silver prices have been declining, especially for constitutional silver like junk silver dollars, due to decreased demand.
• 😀 The market for silver has been selling below melt value in recent months, with some items like Peace dollars selling for less than gray sheet prices.
• 😀 There is a growing focus on niche silver items, such as low-mintage pieces, which may hold more value than more common items.
• 😀 Tariffs on silver imports, especially from China, Mexico, and Canada, could influence future silver prices, though the exact impact remains uncertain.
• 😀 The speaker expresses trust in the Trump administration's approach to strengthening the U.S. economy, which may impact silver and other commodities.
• 😀 There is speculation that the silver market will improve in the next 30 days, potentially offering a good buying opportunity for certain items.
• 😀 The U.S. dollar's strength and energy independence could play significant roles in influencing commodity prices, including silver.
• 😀 Despite silver's current lower demand, the speaker predicts a rise in silver prices as the economy strengthens, though with some initial challenges.
• 😀 Gold is expected to continue rising in value, possibly hitting a record price of $2,800 per ounce due to its role as a monetary asset.
• 😀 Coins in higher grades, especially those with uncommon dates or features, tend to be more desirable and valuable in the numismatic market.
• 😀 The speaker recommends focusing on specific collectible coins, such as large copper cents and half dimes, which have a strong market appeal.

Q & A

What is the speaker's view on the impact of new tariffs on silver prices?

The speaker speculates that the new tariffs could lead to an increase in silver prices, especially for silver from countries like China, Mexico, Canada, and Russia. However, there is uncertainty, and past trends suggest silver prices have fluctuated due to market conditions.

What has been the trend in the price of constitutional silver over the past few months?

Over the past few months, the price of constitutional silver has decreased significantly, with some items selling below melt value, particularly for common silver coins like dimes, half dollars, and quarters.

Why is the speaker not currently focusing on silver items from China, like Pandas or Maples?

The speaker no longer has silver items like Pandas and Maples because they sold out. They are currently more focused on Mexican silver coins, which they believe will see price increases due to the new administration's policies.

How does the speaker feel about the new administration's policies?

The speaker expresses trust in the new administration, particularly in their efforts to strengthen the country and its economy. They believe that policies designed to reduce imports and build national strength will eventually benefit the silver market.

What is the speaker's opinion on the market for Walkers and other common silver coins?

The market for Walkers, as well as other common silver coins like Kennedy half dollars, has significantly decreased. Prices for these coins have fallen, with Walkers selling at much lower values than before.

What coins does the speaker suggest might be a good investment right now?

The speaker suggests investing in less common and more collectible coins, such as 20-cent coins, 3-cent coins, key date Lincoln cents, and toned Indian Head cents. These types of coins have strong market demand and tend to hold their value better.

How does the speaker describe the difference between common and rare silver coins?

The speaker highlights that rare coins with uncommon grades or low mintage, such as high-grade Mercury dimes or certain Silver Eagles, tend to sell better. On the other hand, common coins, even in high grades, often have less market demand.

Why does the speaker suggest that people should avoid investing in circulated Kennedy half dollars?

The speaker notes that circulated Kennedy half dollars, especially from 1964, are not desirable in the market and are hard to sell. They emphasize that even in mint condition, these coins do not have much value unless they are in higher grades or are part of a more collectible set.

What role does the U.S. dollar play in the silver market, according to the speaker?

The strength of the U.S. dollar directly impacts the silver market. A stronger dollar can lead to lower silver prices, as people may prefer to invest in the dollar rather than precious metals. The speaker suggests that a stronger dollar might cause silver prices to drop in the short term.

What does the speaker predict for the future of gold and silver prices?

The speaker predicts that gold prices will continue to rise and could reach a new high of $2,800 per ounce. They are less certain about silver, but believe there could be a buying opportunity in the short term as the market adjusts to economic changes.