Silver is over $100 and the US refiners are refusing to take any more silver. Coin shops panic!
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In this video I ask my local coin shop owner about the refiners refusing to buy anymore silver or gold. Some of the largest silver and gold refiners in the country recently announced that they will no longer be able to buy silver or in some cases scrap gold as well. Coin shops are seeing massive selling and buying, but now need to be extremely cautious. One of the results of this news is that many coin shops across the county are now refusing to by silver bullion. Some coin shops are refusing to buy gold as well. If stackers have no place to sell their silver or gold this could turn into a massive issue for the industry. Many coin shops may go out of business as a result. Ever since silver price exploded last year the refiners have been flooded with metals. Where do you think silver will go from here? Feel free to check out more videos from Harry’s Coin Shop Below:
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This video is not investment advice it is for entertainment purposes only. Silver Dragons and SD Bullion do not provide investment advice. Precious metals prices fluctuate, and past performance is not indicative of future results.
Topics I cover in this video: silver price, silver news, silver price news, silver alert, silver refiners, gold refiners, silver refiners refusing silver, silver refiners closed, coin shops, coin shops refusing to buy silver, coin shops not buying silver, silver refiners not buying, silver dealers, buy silver, silver price up, silver investing, silver stacking, gold investing, silver price, silver price news, silver news, silver panic buying, silver mania, silver alert, silver panic, silver demand surging, silver all time high, coin dealer, silver bars, junk silver, silver bullion, coin shop video, Harry’s coin shop, silver, gold, silver dealer, silver shop, coin shop, coin dealer, coin, coins
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@koogakushin2291
in europe it costs spot + 250$ per ounce! and Silver it's x2,5 spot!!! 98euro spot vs 220 an ounce bar in store
@JulianJohnston919
The refiners are panicking, I bet it's hard to try to figure out how to keep f'ing over their customers, with today's metal prices. If a shop doesn't buy metals, I would never go back. I think this is the first time (in a long time), that customers' can actually make real money on their investments, and it just shows how greedy the big guys are and the shops that quit buying silver. I would do anything Harry and his guys say, you can tell they truly have the best interest for their friends/customers. Thanks SD for the post pal.
@PipelineKing1
Somebody needs to open a new refinery
@Hotshotz-94
Sounds like a refinery is setting on your silver until it’s a price they’re willing to pay. What good is a spot price when many dealers will only buy if the price is well below spot ? When US Mint raised their prices to a ridiculous price I cancelled all my subscriptions. I doubt that I will buy any 250th Anniversary coins. You can’t pay those prices and sell for a profit in my opinion. I’m sitting and waiting for some kind of normalcy. Thanks for the videos.
@MilesCushion-m5o
THE ROARING 20'S WAS A HUNDRED YEARS AGO AND WE ARE IN THE SAME SITUATION 100 YEARS LATER !!!!!!!!!!!!!!!!!
@coldeadhands
Maybe the refiners are losing margin from what they pay before they can melt it. I'm just a newbie when it comes to metals. Hobby prospector/ retiree
Anybody?
@Rtzebeck1
They will open up again
@CalvinStoroschuk
If you're gonna pay way under spot to reduce risk, you should also offer the difference back to the seller if the price doesn't drop by the time you get paid.
@carlchristensen8157
Unstable economies always bring on higher prices for precious metals did he do this on purpose
@andrewzych4591
the price is not gonna stabilize, silver is decoupled from paper china has declared silver a strategic metal. The price is not going back down, demand is greater than supply this is the horde phase.
@nicholastorres44
I’ll sell when I can buy a house for the price my parents did.
@debbietalbert959
Are they recording personal information of everyone who purchases golden silver or sell it?
@SheamusMcHaggis
Such an old video and outdated prices.
@mikepatrick1904
Do me a favor Silver Dragons. Please don't skip over the gold tray at Harry's Coins. It's important for me to know if I need to take the bus out to Beaverton. I've been out there when they no gold. It's a long bus ride for no gold.
@richardgarcia4341
if your buying and selling quick by SLV paper on the NYSE
@danieldravot341
I inherited 800 ounces and I’m just watching the show.
@kevinedwards6093
Why would anyone actually be selling their silver? This seems very crazy to me.
@toivotorvinen
Harry: Don't be undercapitalized.
My Dad, also Harry a CPA told me the same. "Don't go into business undercapitalized".
I did. Young and ran hard until I had capital built. Did quite well for many years. Bull work with a shovel and trowel. Takes a physical toll and have to do it young. Harry; both of them. Wise men.
@JackSchreiner
The coping in the comments is unreal. Trump did this. The man you all voted for. Hope you're happy :))
@signkutter9218
i did a test sale on 9 silver bars in San Antonio Texas. Spot was 109.. all sold for $100 each. But 3 out of 4 purchasers tried to lowball me at $75 and then $85
@UpInSmoke24
In the uk 100 ounces of silver in the shop
To purchase cost £12,000
@yendorofny
8:38pm 1/28- Gold $5500 Silver $118 There's not enough time, each day, to make a video whenever prices go up! Harry should buy a bunch of 1/10th, 1/4oz & 1/2 oz rounds to generate income since full ounces are so high.
@gregfawcett5152
In Washington State as of January 1 2026 you pay a sales tax of 10.3% when you sell any silver or gold…this will put the coin dealers out of business.
@joycejackson9315
Great video. Live and learn stackers and scrapers aren't the flying eagles.
@Leisurelyswipingdude
Thanks for doing these videos, Honesty is best policy, and you guys are A+. Thank you for educating us 👍
@Beestime9217
I think is bull crap cuz you're acting like you're scared to pay for gold when gold is done nothing but went up for two or three years and it's still going I just think all this is a scam,,, why would refinery stop buying and shut down when gold is done nothing but got higher and higher and silver with it this makes no sense at all
@Ghayek11159
These shops need to learn how to hedge.
@__hjg__2123
PMbug for decades – but I didn't think I would see this…
@markm3477
Something similar is going on in the used car industry. The shortage of decent affordable vehicles at auction is ABSURD. And prices are going up. If you're in the market for an under $20,000 decent SUV or truck, good luck!
@JeanSchlemaan
all you guys who constantly say "only hold physical". then a bunch of shops decide they dont wanna buy. i can buy/sell my paper at any time (providing market is open, ofc).
im gonna be the first one dead when the shtf anyway (so i have no interest in paying the gigantic spreads on physical). no interest in living in that world; i know how bad it will be.
@dschubie
I was just in my local shop. The salesperson was on the phone while I was in, stating how they're not buying scrap at all right now.
@poorjohn100
Educational video thanks!
@debbiescott6732
That's a weird situation. Because I heard under some new rules banks now have to carry gold as a backup instead of paper money, stocks, bonds etc.
@JeanSchlemaan
with regard to refiners refusing to "lock in": a shop can hedge this via options.
@ardevenuta37
What am I missing. Let's say I'm a shop. I've got a ton of Silver & Gold. There is a demand, or the price would not be skyrocketing. Regardless of what's driving the demand (China buying up silver reserves) at some point, Silver is needed. Industrial wire, circuit boards, watches, jewelry and so on. If the manufacturers of products which require silver or gold cannot operate without it, won't they pay the higher prices just to get the metal? Put another way, I have say, 100 kilos of Silver. At the time I purchased it, Silver was 16.00/oz. Today, it's 100. So, ABC circuit needs 20 kilos of my silver. I can sell at 95/oz and make a good return. Whoever hords the Silver, sets his price.
@Pepperonipimp35
Gold: $5,500
Silver: $118
@paulwright5167
We buyers the public accept the risk and pay the price when we buy, but we get a hair cut when we sell. Refiners are in a conspiracy to defraud the private owner and let a big bank or the government to buy dirt cheap.
@SilverBirdieChaser
I hope for the best for Harry and team. This an interesting time.
@farzinsharabianlou547
This is absolutely nonsense ! All this is to get people anxious and worried so, that they could buy it cheaper…lol
There is always buyer for silver and gold especially know! Don't get fooled by these type tactics.Just hold on to your persious metal and sale it next week and let them pay you more!😁
@wittelarry1
Crazy times for sure
@Silentservice642
You take the risk. You’re in the business. Just saying
@eziodeldegan414
whats not said is that the economy will be in the CRAPPER if gold keeps going up. Why? because gold is like the canary in a coal mine, it goes up when the US dollar is under seige and there is a general economic meltdown in the world. No one wants to hold currency when the value of fiat money is in question. This is very bad indeed.