Dealer Reveals Date You Need to Buy Silver Before

So what do you think about this? I mean, do you think if there is a price floor put on silver or tariffs, we could see the price skyrocket? You could find at the local level a difficult situation where you just can't get enough of it for your inventory or for your stack. So do you think it's possible we could see the price of silver skyrocket on that date when this actually happens? New to buying gold or silver, SD Bullion makes it simple with no order minimums, clear pricing Trusted by hundreds of thousands, SDBullion.com, where America buys physical gold and silver. Looks like you guys still have the Morgan silver dollars at melt, Harry. That's a pretty good deal. That was actually Brandon's idea and we do both the Morgans and the peace dollars and actually the modern commends at melt now. And it's hard to keep a lot of those in stock at that price because it's a very compelling thing to be able to buy not just junk silver, but it's truly a collectible coin at melt. And so we've had a lot of good, a lot of good feedback and a lot of sales at that price. Well, and for the longest time, it's carried a premium, even coal damage or AU or even nicer Morgan and peace dollars. You've always had to pay over spot price, but not now. Not now. And I don't know what other shops are doing, but I suspect the premium has shrunk or even disappeared on this sort of thing as it has for a lot of things. In fact, you look at the constitutional, the junk silver, we're selling it a dollar or two depending on the day and the situation below melt. It's really a great opportunity to get silver below melt or close to spot. A lot of people come in, you know, Hey, Harry, do you have anything at or near spot? And I direct them to the constitutional. This used to carry a premium too. So at these prices, I think the premiums have shrunk or disappeared on all this stuff, which is kind of a fun time to buy if, if this sort of thing interests you. Also it is possible that we would see the premiums come back at some point on the junk or constitutional silver, like we've seen in the past. And the fact is they don't make this stuff anymore. The U S mint made a limited quantity and a lot of it has been melted over the years. So I think longterm, it's probably a good thing to hold. I think what you just said is an important aspect to why this could be worth more and the premium could go up in the years to come because so much is indeed getting melted. At these prices, dealers are getting flooded in with inventory and can't manage it over the counter as in terms of sales, you know, just winnowing it down each day when they buy a lot of it. And so what happens is it's getting sent to the refiners and getting melted. I was watching a video just this morning from just another guy that I like to follow. And he says last week he sent in $7,000 face, 7,000 face value to be melted. That's a mind blowing amount. That's seven silver bags as we used to call them thousand dollar bags, 7,000 face got melted. That's one small dealer in one shop in one state of the union. Just imagine how much of this is getting burned. Yeah. And like I said, once it gets melted, you can't get any more of it because they only made it till 1964. Right. And so it's not going to be an overnight phenomenon. But if if you're young and you're starting to stack and you're looking towards the future, just in terms of scarcity, this is going to become harder to get as time goes on because it is just disappearing. It's kind of sad, really. I mean, this was a point in our history when we actually used real money. We used silver for commerce and it's kind of gone away. Long gone. It's long gone in terms of commerce, but there was a lot of it minted, you know, over our history. So I don't envision a time anytime soon that you can't get any. But I just feel like it's going to become a little harder to get as the years go by. And because of that, it could be that the premiums will then reappear and only go up as things get more scarce. You know, Harry, I wanted to ask you about one thing that could push silver price much, much higher. And it's going to be happening on July 13th of this year. So if we go back to January 14th, President Trump put out a proclamation and there was a one hundred and eighty day time frame for which the secretary of commerce needs to bring his recommendations to Trump for either a critical mineral price floor or possible tariffs on critical minerals to boost domestic production. So what do you think about this? I mean, do you think if there is a price floor put on silver or tariffs, we could see the price skyrocket? Well, it's possible. I enjoyed our conversation about this prior to the video this morning, because if you think about it, if the president and his advisers make this a strategic metal that they want dug out of the ground here for security reasons and not imported from a potential enemy in the future, the tariffs will go up or they'll just be ceilings put on how much can be imported. And if you think about it, that would force the United States and our businesses to dig it out of our ground. And by doing that, you create this at least temporary shortage because you can't just dig a mine or reopen an old mine overnight. It takes time. But if that tariff or that limit goes into effect in July and the government starts buying silver like they used to in as a strategic move to protect our military and technology, then now we've got a huge competitor on the one hand. That's the United States government buying silver and also an artificial shortage created by these tariffs. You could find at the local level a difficult situation where you just can't get enough of it for your inventory or for your stack. These are all hypotheticals, but it's an interesting thing to watch on July 13th to see what this might do to the price of silver. Yeah, I mean, Howard Lutnick is going to be putting his recommendations to Trump and explicitly in the document, they do talk about price floors and tariffs. So we could see one or the other. And when I say price floor, it's basically an import price floor. So if you want to get silver imported, it has to be at least, you know, $90 or $100 an ounce. So it's basically a tariff, right? Oh, absolutely. And I want to emphasize, too, that the purpose of such a tariff or regulation would truly be to protect our military and our government and more importantly, maybe the technology behind the military and computers and everything else that uses silver by forcing the United States to go back and dig it out of the ground because there's a lot of silver in the United States for whatever reason. And there's probably a different conversation there. We just got away from digging our own silver right now. Most of it comes as a byproduct of digging for gold and other metals. And by imposing a tariff, you say you want silver at a better price. You better dig it out here, because if you're going to import it from China or Mexico or elsewhere, it's going to cost you X amount of dollars more per ounce. And that creates artificial shortages. But ultimately, in the long run, it would be a good thing for the U.S. because we're not reliant on China or some other country to get silver. We're getting it out of the ground ourselves. And it would even create more jobs here as well. Absolutely. And if you think about other strategic materials like petroleum, I remember a time and you're too young for this, where in 1973 and again in 1977, we had gas lines in this country because OPEC was mad at us for various political reasons and cut our supply. And we were importing up to 40 percent of our oil in those days. Now we're energy independent. In fact, we're a net exporter of energy and oil and natural gas, which makes us safer. That same thinking, that same forward thinking of, hey, let's don't get taken advantage of in the world market for silver, because technology has come a long way since the oil shortages I'm talking about. And silver has become far, far more important than it ever was. On the one hand, you don't see it much in photography anymore, obviously. But look at solar panels and look at computers and look at all the weaponry and just battery technology that's on the way, all of it requiring silver. So I think it's very forward thinking for us as a country to start digging our own silver out of the ground sooner than later. Well, and on top of that, there are talks of the U.S. starting a silver stockpile once again. And back in the late 60s, they had stockpiled about 160 million ounces of silver. So think about it. If the government tries to do that same stockpile, that's going to pull a lot of silver off of the COMEX. That's going to create a new demand for silver, which is already scarce. Right. And so you look at the government when you're a stacker as a competitor, maybe a friendly competitor, maybe not, but it's a competitor where it's almost an insatiable demand for silver in a strategic sense. And for those of us who stack, it could drive our price higher just by the mere fact that we have a huge competitor with limitless funds buying it. Yeah. As of right now, I believe there's about 14 and a half billion dollars earmarked for stacking critical minerals. Now, obviously, not all of that would go into silver. But if just a quarter of those funds went into silver, it would be almost 50 million ounces that the government would be buying. Yeah, that's 50 million ounces that don't find their way to coin shops or into your stack. So do you think it's possible we could see the price of silver skyrocket on that date when this actually happens? It's possible. I think this information is so limited out there. There's so few people that even know about what you're talking about. July 13th being this critical date that it may take a little while for people to wake up and see that, oh, there's going to be a shortage and I better do something. Well, that's one of the reasons, Harry, we're putting the video out to kind of get the word out there. Yeah, I think I need to do some reading on this for sure. And maybe your audience might want to look into this because it's just a date to watch and it's an important decision by the government. And if the decision goes the way that you think it will, that yes, indeed, there will be tariffs put on silver, then it's going to affect the price. Whether it skyrockets immediately or not, time will tell. But anytime you have a big competitor, i.e. the U.S. government entering the market like that and limiting imports, I think it could be an upward pressure on pricing. Well, we'll definitely keep an eye on it. And when it all goes down, we'll do another video on it, won't we? I hope so. All right. Thank you so much, Harry. Thank you, Silver Dragons.