Bullion retail market (LCS news/reports/commentary)

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I Bought SILVER Today at the Cheapest Store I Know

Aug 14, 2026 VERMILLION ENTERPRISES
Today I went and bought silver coins at Vermillion Enterprises in Spring Hill FL which is the cheapest precious metals dealer I know of. Why am I buying silver now? Do I think we hit the bottom in the silver price and it will go back to the highs soon? No, I only bought some silver to bring on my summer trip to sell in other countries and see what silver can get you in those countries.
So how did my purchase at Vermillion Enterprises go and what did I buy? I bought 10 American Silver Eagles for only $1 over the spot price. But they are cheap for a reason. Some of the ASE coins are painted. Will I have a problem selling them in Europe? We will see.


9:20
 
Yankee Stacking


🚨DEALER REACTS TO INSANE GOLD & SILVER BREAKOUT!! 📈 WARNS OF FAILING BOND MARKET!

Aug 23, 2026 #Silver #Gold #Breakout
In this video my bullion dealer reacts to the insane gold and silver breakout this week! Tim Marschner of the Coin and Stamp Shop warns that WE are the actual purchasers of American debt (U.S. Treasuries) in the failing bond market and says that the volatility of precious metals isn't over. Tim also gives some "fatherly advice" over how to stack silver and gold and the kind of generational patience needed to invest in precious metals. Watch as Tim Marschner and I discuss the price of silver and gold with some stackers from Indiana and Illinois and appraises a very interesting gold coin! Never before has stacking precious metals been as important to do as it is today. Protect yourself from out-of-control governments, evil central banks, and the failing US dollar's grip as the world's reserve currency. Make sure you build a stack of silver rounds, silver bars, silver coins, and gold coins as essential barter and wealth preservation!

🚨DEALER REACTS TO INSANE GOLD & SILVER BREAKOUT!! 📈 WARNS OF FAILING
 
Yankee Stacking

(Note: the first customer Yankee interviewed made me smile. Good stuff.)

Edit to add: Second customer is good too.

Bullion Dealer Warns of Billionaire Buyout! What Does Exploding U.S. Debt Mean for Silver & Gold?

Sep 6, 2026 #Silver #Gold #Treasuries
In this video my bullion dealer warns of a potential billionaire buyout of U.S. debt--just as the U.S. federal debt surges past $40 trillion! What does our exploding U.S. debt mean for silver and gold? Watch as I discuss with Tim Marschner of the Coin and Stamp Shop the merits of backing our fiat currency with a basket of commodities, including gold, silver, copper, oil, and food. I argue that we need money backed by real tangible assets (sound money) to keep our government spending in check! We also discuss that fact that America is INSOLVENT! The U.S. is BROKE! Never before has stacking precious metals been as important to do as it is today. Protect yourself from out-of-control governments, evil central banks, and the failing US dollar's grip as the world's reserve currency. Make sure you build a stack of silver rounds, silver bars, silver coins, and gold coins as essential barter and wealth preservation!

Bullion Dealer Warns of Billionaire Buyout! What Does Exploding U.S. Debt Mean for
 
Yankee Stacking

BULLION DEALER READY TO FIGHT SILVER & GOLD MANIPULATION IN CONGRESS!

Sep 10, 2026 #Silver #Gold #Manipulation
In this video my bullion dealer says he's ready to go to the halls of Congress (and even speak with the President) to urge them to properly regulate the commodities markets for silver and gold! I offer to drive Tim to Washington D.C. to help lobby for the end of gold and silver manipulation and against the ineptness of the Commodities Futures Trading Commission. Would you support Tim and me in our efforts to reform the CFTC? Tim Marschner of the Coin and Stamp Shop is also visited by a couple from upstate New York looking to buy some Silver Bitz. Why are people buying up the Bitz in massive amounts? They also talk about the current economy, explain why they are still buying more silver, and get a little "political" with Tim. Do they think the bottom is in for the price of silver and gold? Watch as Tim shares his thoughts on the current precious metals market and his frustrations over the market manipulation with precious metals! Never before has stacking precious metals been as important to do as it is today. Protect yourself from out-of-control governments, evil central banks, and the failing US dollar's grip as the world's reserve currency. Make sure you build a stack of silver rounds, silver bars, silver coins, and gold coins as essential barter and wealth preservation!

BULLION DEALER READY TO FIGHT SILVER & GOLD MANIPULATION IN CONGRESS!
 
Yankee Stacking

SILVER DEALER WARNS "SOMETHING'S GOTTA GIVE!" 🚨 DON'T SELL YOUR SILVER!​


Sep 13, 2026 #Silver #Gold #SpotPrice
In this video my bullion dealer warns that something's gotta give with the spot prices of silver and gold. I talk with several customers visiting Tim Marschner of the Coin and Stamp Shop and watch as they buy, sell, and exchange their precious metals. Tim tells one customer on the phone that everyone is selling their gold and silver. One man brings in his entire collection of silver eagles his parents put in his stocking every Christmas! Can I talk him out of selling his silver? Watch as Tim Marschner and I discuss the price of silver and gold with some stackers and appraises various coin collections. Never before has stacking precious metals been as important to do as it is today. Protect yourself from out-of-control governments and the failing US dollar. Make sure you build a stack of silver rounds, silver bars, silver coins, and gold coins as essential barter and wealth preservation!

SILVER DEALER WARNS "SOMETHING'S GOTTA GIVE!" 🚨 DON'T SELL YOUR SILVER!
 
Salivate Metal

He Brought A 1000 Silver Bar To A Dealer! Here's What Happened Next

Sep 17, 2026 #silver #gold #preciousmetals
A customer walked into a local precious metals dealer carrying a massive 1,000 oz silver bar weighing roughly 70 lbs, looking to cash out for over $118,000. But when a six-figure slab of physical metal hits the counter, coin shop owners can’t just hand over a briefcase of cash—they have to verify every millimeter of the metal to guard against high-tech counterfeit bullion.
In this video, we break down the step-by-step authentication process used by Greenville Gold and Silver to test this massive block of silver, including XRF spectrometer guns, specific gravity water displacement tests, and drilling directly into the core of the bar. We also dive into the burning debate across the precious metals and silver stacking community: Is holding commercial COMEX-sized bars a smart low-premium wealth storage strategy, or a major liquidity nightmare compared to smaller 10 oz or 100 oz silver bars and government coins?


11:56
 
Yankee Stacking

BULLION DEALER SHOCKS THE COIN SHOP! ⚡ Is $5,000 for Every U.S. Citizen a Bad Idea?

Sep 17, 2026 #Silver #Gold #Dividend
In this video I ask my bullion dealer if it's a bad idea for Donald Trump to promise a $5,000 "dividend"...and what he says shocks the coin shop! Do YOU think the $5,000 is a good return on tariffs for U.S. citizens or a terrible election cycle bribe? And if you DID receive $5,000, would you buy gold or silver with it? Watch as bullion buyers and sellers visit Tim Marschner of the Coin and Stamp Shop--one as far away as Caribou, Maine! Are they interested in buying some Silver Bitz? We also talk about the current economy, explain why they are still buying more silver, and get a bit "political" with Tim. Do you think the bottom is in for the price of silver and gold? Watch as Tim shares his thoughts on the current precious metals market and his frustrations over the market manipulation with precious metals! Never before has stacking precious metals been as important to do as it is today. Protect yourself from out-of-control governments, evil central banks, and the failing US dollar's grip as the world's reserve currency. Make sure you build a stack of silver rounds, silver bars, silver coins, and gold coins as essential barter and wealth preservation!

BULLION DEALER SHOCKS THE COIN SHOP! ⚡ Is $5,000 for Every U.S. Citizen a Bad
25:27
 
Make it rain biotches! I wants my monies!
 
Salivate Metal

He Said My Gold & Silver Advice Changed His Life Forever

Sep 18, 2026


11:34
 
Yankee Stacking

I Bring My Late Dad's Silver & Gold to My Coin Shop Dealer! 🪦 Father's Stack Revealed!

Sep 20, 2026 #Silver #Gold #Appraisal
In this video I go to Tim's Coin Shop and get an appraisal on my late father's silver and gold coins and jewelry. I had not gone through all that my dad had stacked throughout the years, and put the tin aside a year ago when he passed away. I wanted Tim Marschner of the Coin and Stamp Shop to appraise everything and see how much value there was in his stack. I was surprised by the results of Tim's appraisal and had a great time seeing him carefully explain what each silver item was worth. If you are wanting to take some of your collectable silver coins to a local coin shop or to a bullion dealer for an appraisal, then this is the video for you! Have the silver coins, gold jewelry, and other items gained a lot since my father first bought them? Watch as I reveal the stack I remember building with my dad over the years. Never before has stacking precious metals been as important to do as it is today. Protect yourself from out-of-control governments and the failing US dollar as the world's reserve currency. Make sure you build a stack of silver rounds, silver bars, silver coins, and gold coins as essential barter and wealth preservation!

I Bring My Late Dad's Silver & Gold to My Coin Shop Dealer! 🪦 Father's Stack
 
Yankee Stacking

Sep 23, 2026 #Silver #Gold #Elections
In this video my bullion dealer gives warning over the price of gold and silver if and when the Democratic Socialists of America (DSA) take over government control. Does Tim think we should "stack hard" ahead of midterm elections? Does he trust Congress to do the right thing for our country? Watch as Tim Marschner of the Coin and Stamp Shop is also visited by a couple from New York City shocks the coin shop by buying several gold buffalos and says they will return soon to buy even more! And another silver stacker buys some silver Bitz and his very first 100-ounce silver Johnson Matthey bar from Tim. Do you think that was a smart silver purchase? Today's coin shop talk gets a bit political, but stackers should heed the warnings from my bullion dealer and one smart silver and gold stacker who thinks silver can be a bit too "bulky" to stack hard. Never before has stacking precious metals been as important to do as it is today. Protect yourself from out-of-control governments, evil central banks, and the failing US dollar's grip as the world's reserve currency. Make sure you build a stack of silver rounds, silver bars, silver coins, and gold coins as essential barter and wealth preservation!

BULLION DEALER GIVES WARNING 🚨 AS NYC STACKING "WHALE" SHOCKS THE COI
 

🚁Helicopter Musings on Gold and Silver🚁​


Gold

There are several concurrent things happening that lead me to think that LBMA gold free float vault stock might be more constrained than anyone thinks (at least - I'm not seeing anyone talk about it):

> 🇨🇳 The premium for SGE gold to LBMA gold has been increasing over the last few days. Looks like China's demand for gold is growing.

> 🇮🇳 The IBJA spot discount to LBMA spot is collapsing while MCX futures gold vault stock is on the rise over the last few days. It looks like Indian gold demand is growing while they are also buying gold again. I expect we'll learn later that Indian gold imports have surged here in late September.

> 🇺🇸 COMEX Exchange For Physical (EFP) spread went deeply negative (providing bullion banks a profit arbitrage for taking delivery of COMEX gold and shipping it to London to sell in the LBMA OTC market) and at the same time the COMEX delisted "Enhanced Delivery" gold vault stock to the tune of 4M ozt. This while delivery requests against the September contract have been consistently strong over the last few days. It looks to me like fallout from physical demand from India buying gold (either directly from the COMEX or indirectly via the LBMA and bullion banks need to shore up London vault stock with COMEX gold).

> GLD (and presumably most other gold ETFs, though I'm not watching them daily) vault stock has been growing with large inflows over the last week. That directly pressures the LBMA free float vault stock.

I'm guessing the COMEX's 4M ozt "Enhanced Delivery" vault stock is being used to cover some supply stress. I don't expect we get an transparency on it though.

Silver

Silver looks a lot more calm compared to gold at the moment and that's somewhat surprising as silver is usually the volatile metal. However, there are some things I'm paying attention to:

> 🇨🇳 SGE spot premium to LBMA has remained consistently high between $8 and $9 per ozt. Demand seems steady and strong.

> 🇮🇳 IBJA spot + MCX futures are both maintaining a premium to LBMA spot even after discounting the 15% import duty. At the same time, MCX silver (KG) vault stock is back on the rise indicating that India is buying and importing silver. Physical demand in India remains strong.

> 🇺🇸 In the last three days, COMEX silver withdrawals slowed down but prior to that, were very heavy. The 5 DMA of deposits and withdrawals is currently negative (a withdrawal rate). Will the drain pick up again as we head into October (a heavy demand month for silver)?

> SLV (and most other ETFs) has increased vault stock which directly pressures LBMA free float. The 1mo lease rate has responded rising from moderately negative back to positive or near zero in the last few days.

Looks to me like a pot of water that is simmering but not at a boil yet. Yet.
 
China markets are closed today (last night) for Mid-Autumn Festival. Without China participating, COMEX EFP spreads (COMEX futures - LBMA spot) for gold increased across the board while for silver they collapsed across the board. It's just a one data point observation, but it looks like the pressure eased on LBMA gold and increased on LBMA silver. To me it looks like China is pressuring the LBMA on gold and India is pressuring the LBMA on silver.
 
Last edited:
India's market regulator taking steps to ensure gold and silver vault operators are legit (bold emphasis is mine):

The Securities and Exchange Board of India (SEBI) has approved changes to its vault manager regulations, expanding the regulatory framework beyond Electronic Gold Receipts (EGRs) to cover bullion underlying a wider range of SEBI-specified bullion-related instruments, including gold and silver ETFs and bullion derivatives.

The move is aimed at creating a common and harmonised framework for vaulting services as India's bullion market expands. SEBI said the review will strengthen requirements covering the storage, safekeeping, segregation, reconciliation, security, insurance and governance of bullion held by vault managers.
...
One of the most significant changes is the increase in the minimum net worth requirement for vault managers. The threshold will rise from ₹50 crore to ₹75 crore.

The regulator is also strengthening security requirements. Vault managers will have to address risks including theft, burglary, fire, fraud, terrorism and cyber-attacks through their security policies and procedures.

The revised framework will expand requirements for segregation of activities and bullion. These provisions will cover vaulting services across all specified bullion-related instruments, with additional requirements for instrument-wise and entity-wise segregation of bullion stored by vault managers.
...
Click to expand...

www.businesstoday.in

Gold, silver ETFs get a new vaulting framework: SEBI raises vault managers' net worth requirement - BusinessToday

SEBI has approved a new vaulting framework covering bullion underlying gold and silver ETFs and other specified bullion-related instruments, expanding beyond the existing EGR-focused regime. The regulator will also raise the minimum net worth requirement for vault managers from ₹50 crore to ₹75...
www.businesstoday.in www.businesstoday.in
 
Salivate Metal

What Really Happens When You Try Selling Junk Silver to a Local Coin Shop

Sep 25, 2026 #Silver #JunkSilver #ConstitutionalSilver
Thinking about liquidating your 90% constitutional silver? Before you walk through the doors of a Local Coin Shop (LCS) with a heavy canvas bag of pre-1965 dimes, quarters, or half dollars, you need to know how the transaction actually works behind the counter.
Calculating the melt value of junk silver on your computer spreadsheet is completely different from getting cash in hand. In this video, we break down the reality of selling constitutional silver in today's market. We cover how dealers determine their face value buyback multipliers, why buyback offers are often pegged below spot price, and how local coin shop inventory saturation impacts your payout.
We also dive into crucial details every precious metals stacker must know before selling: how dealers inspect heavily worn "slick" or "cull" coins, why accidental key dates or uncirculated coins get swept into the melt pile, and why low-purity alloys like 40% Kennedy halves and 35% wartime nickels face much steeper discounts due to refining fees. Learn how to negotiate, avoid common selling pitfalls, and get the maximum cash payout for your physical silver stack!


11:33
 
TL;DR Silver Ramblings (you have been warned!)

.@Sorenthek quotes Goldman Sachs:"The risk of tariffs may nevertheless be advancing the domestic security objective by pulling metal into the US."

Some thoughts/observations:

👉We actually have UK silver export data for July indicating ~59.6 metric tons of silver exported to the USA. That while the average EFP spread during my daily morning snapshot readings was +$0.08 across the month (ie. it was relatively expensive to buy in London and ship to USA versus buying from the COMEX front month contract).

There is a bit of fuzziness to import/export data, but the latest such data that we have would indicate some support for GS statement.

👉When the initial silver tariff risk mitigation began circa December 2025 and through February 2026, the silver front month EFP spread blew out as bullion banks were shipping silver from London (LBMA) to NYC (COMEX).

I can't speak to copper, platinum or palladium, but the silver front month EFP spread (COMEX futures - LBMA spot) has, with the exception of August 6th, remained near zero and negative for the most part (which means that buying silver in London to ship to the USA has been more expensive than buying from the COMEX) since the end of July.

If the bullion banks have been "pulling silver into the US" from London (LBMA) since the end of July, they have been paying a premium to do so. Banks don't like to lose money, so if they are actually doing it, it's serious business.

👉Per my calculations(3), LBMA liquid silver free float vault stock ranged from 6,988 metric tons (using LBMA report) to just 6,132 metric tons (adjusting for import data discrepancies since February(4)). In October 2025, the LBMA silver market seized up when they had roughly 3,421 metric tons of supposed free float per public data at that time. Therefore, we can estimated that the LBMA's effective (liquid) silver free float as of the end of August was in the range of ~3,567 to ~2,711 metric tons.

India started importing silver again in August though we don't know how much yet. ~3,000 metric tons of liquid free float vault stock sounds like a lot, but India alone imported over 1,000 metric tons of silver from the LBMA across just a few months at the end of 2025.

Silver ETFs/ETPs (like SLV et al) are also increasing vault stock lately(5) which directly eats away at the LBMA's liquid free float vault stock. If both India and bullion banks are also draining LBMA vault stock, I would expect we should see some stress in the silver lease rates before too long.

SLV is the 800lb gorilla in the silver ETF/ETP space (representing ~61% of total London vaulted ETF/ETP vault stock). The 1 month silver lease rate has shown high correlation with movements in SLV vault stock when the LBMA's free float gets constrained. Lately, the correlation has been tightening up.

We saw it recently as 1 month lease rates fell (more negative) while SLV shed vault stock and the COMEX reported heavy withdrawals(7) in the 3rd week of September. Then when SLV added a massive 6.5M ozt in one day on Sep 21, the 1 month silver lease rate moved from negative to positive that same day.

In the big picture, it looks to me like the LBMA really doesn't have that much left in the tank to give if the bullion banks are indeed draining LBMA silver for US vaults (outside of the COMEX system). The 1 month lease rate isn't really confirming or denying anything yet IMO.

👉@Sorenthek et al have opined that the US is (has been) shoring up domestic (non-COMEX) silver stock using LATAM mining proceeds. The latest news I've seen is that silver mining production from Mexico and Peru is down ~15% in the first half of this year(8). Seems like if the US is indeed trying to shore up private vault stock, they might need to supplement waning LATAM mining proceeds.

~~~

Seems to be a lot of intrigue happening below the surface of price action. It reminds me that I don't own enough popcorn.


(3) Global Silver Vault Stock as of the end of August 2026:


(4) LBMA import/export adjustment:


(5) ETFs/ETPs London vault stock growing:



(7) Sep 17 LBMA free float temperature reading (needed support?):


(8) South of the border silver production is down ~15% across the board:
 
Yankee Stacking & Silver Dragons

I Traveled 2,500 Miles to Buy Silver.. with YANKEE STACKING

Sep 30, 2026 #silver #gold #silverstacking
In this video I meet up with Yankee Stacking to buy silver at the Coin & Stamp Shop in Manchester, NH. The Coin & Stamp Shop is owned by Tim Marschner and Yankee Stacking has been going there for years. When I met up with Yankee Stacking we looked at a great deal of gold and silver before I asked Tim to pick out some silver for me. Yankee Stacking picked out a silver dragon coin as well as some other pieces of silver. I have been live streaming with Yankee Stacking for about 8 years now, but have only met him in person once before. The Yankee Stacking Youtube channel focuses on buying physical gold and silver similarly to my channel. I had a great time hanging out with Yankee Stacking and Tim Marschner and was able to film a second video which I will link here in the future.


16:33
 
Yankee Stacking & Silver Dragons

Dealer Reveals What Silver Price Should Be *SHOCKING*​


Oct 3, 2026 #silver #gold #silverstacking
I asked Tim Marschner what the real silver price should be & the answer that I got shocked me.
In this video I go to The Coin & Stamp Shop in Manchester, NH which is owned by Tim Marschner. Some people know this coin shop as "The Coin & Stamp Shop" or simply "Tim's Coin Shop." I asked Tim Marschner some of the most important questions about precious metals including the following: Why buy silver, why buy gold, what should silver price be, what should gold price be, and why is China buying up so much silver and gold? Silver price is currently around $60-$65 per oz, but Tim thinks that the silver price is manipulated. Time feels that silver price should be lower and his silver price prediction or silver price forecast is $40-$50 per oz. Tim Marschner has owned The Coin & Stamp Shop or Tim's Coin shop for over 30 years and he is able to answer all of my questions. I has a great time visiting Tim's Local Coin Shop in New Hampshire and I hope to be able to go back soon. I did film another video at Tim Marschners Coin Shop where I buy silver and that video is here.
Buying Silver at Tim Marschner's Coin Shop: • I Traveled 2,500 Miles to Buy Silver.. wit...


16:36
 
Salivate Metal

Posting as entertainment and food for thought, nothing more.

How Online Bullion Buyers Get RIPPED OFF (And How to Stop It)

Oct 3, 2026 #silver #gold #preciousmetals
Buying gold and silver online can be convenient, but it also opens the door to costly traps for both beginner and experienced precious metals stackers. In this video, we break down 5 dangerous mistakes people make when purchasing bullion online and how you can protect your hard-earned wealth.
Whether you're looking for cheap silver eagles, buying physical gold, or trying to navigate spot price deals, staying informed is essential. We cover everything from fake coin marketplaces on social media to understanding hidden dealer fees, credit card surcharges, and state sales taxes. You'll also learn the difference between stacker bullion vs. overpriced collector proof coins, why non-destructive testing equipment like pingers and verifiers are critical, and how to safeguard your packages and digital privacy during shipping.
Avoid these common bullion traps, lower your dollar-cost average, and build your precious metals stack with total confidence!


13:04
 
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