Rare Coins Dealer: DONT Buy Numismatics For Investment. And Trump in a Landslide | Rafi Farber

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Summary

➡ Brian Kuzmar, a retail store owner in Fort Lauderdale, shares that sales of precious metals have significantly decreased with Rafi Farber. He notes that the only people selling gold and silver are those who inherited it or those who are not confident in the market. He also observes that there’s been a decrease in the scrap gold and silver business. Despite gold reaching all-time highs, he hasn’t seen an increase in new businesses buying and selling gold and silver.
➡ The speaker believes that the American public is not investing heavily in gold and silver, despite their value. He suggests that this is due to a lack of understanding and education about these precious metals. He predicts that when the younger generation realizes the value of gold and silver, there will be a rush to invest, causing a dramatic increase in the market. The speaker also discusses the current political climate, noting a quiet and somber mood, and predicts a win for Trump in the upcoming election.
➡ The speaker discusses their political views, expressing disappointment in perceived election rigging and media bias. They also mention their support for libertarianism and Ron Paul. They speculate about potential future unrest and the possibility of a revolution, and express concern about the economy and taxation. They believe that productive individuals may need to stop producing to address societal issues, referencing the concept of “going Galt” from Ayn Rand’s “Atlas Shrugged”. They also express uncertainty about the future under a potential Trump administration.
➡ The speaker expresses concern about the future of the country, regardless of who wins the upcoming election. They feel that the end times are approaching, possibly due to economic collapse or war. Despite these worries, they find solace in their rare coin business, which is thriving due to a younger, enthusiastic crowd. They advise only hobbyists to invest in rare coins, as they are the ones who usually profit. The speaker also mentions their competitive gold and silver business, which they run with a focus on beating the prices of major online competitors.

 

Transcript

We had people coming in, pulling their. Literally, dentures out, gold dentures out, wiping them. That’s a true story. Working for my father in 1980. Wait, wait, you were. You were working for your father in 1980 and somebody pulled his tooth out right in front of me? Oh, yeah, I pulled right out of there, wiped it down, thing, put it on the counter, and I. Hey, guys, Raf here from the endgame investor. And I got my friend Brian Kuzmar, and he’s got his own retail store in Fort Lauderdale. Near Fort Lauderdale. Lauderdale by the Sea. He’ll tell you the name of it.

It escapes me for a second, but he knows it. I’m pretty sure it’s on his shirt. I think we got. We got trolled by some commenters about Brian’s sunglasses last time. So I’m gonna. I’m gonna join the sunglasses team and wear my sunglasses. This is gonna be a sunglasses. Only the glasses out. Put them on. Look. Look at them. They’re everywhere. I don’t know. Maybe they can see Ally 5th and Spring. Now, hold on. You ain’t the first son of a bitch to wake up out of their dream. If you got a problem with that, please put all of your complaints in the comments below and like.

And subscribe and all that other stuff. What’s going on with your retail store in Lauderdale by the Sea? What’s the mood like? Are sales picking up? And you were talking about numismatics before that. You’re getting all these sales in numismatics. What’s the. What’s the mood going on? Are people buying more, buying less? Are they concerned about the price? What’s going on? Nice glasses, by the way. What’s going on in the store is, well, precious metal sales have dropped off dramatically, you know, of course, over. Over time as far as sales and gold and silver on the retail end of it, and the wholesale markets are pretty slow, I’m sure, as well, so that end has dropped off a little bit.

The only people we’re kind of seeing selling at the moment is folks that are kind of, you know, I don’t want to sell right now, you know, weak hands. Forgive me for calling them weaker. Weak hands. But that’s kind of who we’re seeing sell gold and silver. Other than the other type of sellers we’re seeing are the sellers we’ve seen throughout years. People that have inherited through, you know, their parents passed away, someone in the family passed away, they inherited, you know, 10 or 20 Krugerrands or a bunch of silver or something like that, and they have no interest in gold and silver like most Americans.

You know, very few people over here own gold and silver. You know, stackers. US Gold and silver stackers are such a small, small community here in the US so. And the weird thing is that the activity in gold has been so, so active. I mean I lived through the 1980 markets, in the 2012 markets and well, not too long ago 2012, but we had a lot of gold activity. We had cash for gold shops. I don’t know if you know, you get a lot of those in Israel, but we had the cash for gold buyers. They were everywhere as soon as these gold markets popped up.

And of course the 1980s was a very special time, specific time. But then you had tons of buyers pop up, coin shops pop up, cash for gold type businesses pop up everywhere. 2012, the same thing. But this recent breakthrough that we’ve seen since 2012, gold making all time highs. I mean they’re not there. They’re not there. Yeah, I remember, I noticed that. I noticed cash for gold at the end of 2011 and 2012, even a little bit into 2013, before the big drop off in April that year. I remember seeing cash for gold, I remember it popping up in my small community in the Shomron.

Like, you know, only a few thousand people live there and like there were cash for gold things popping up then. It was weird. But not now. You’re saying it’s not happening yet? No, it’s here. It’s not happening at all. I haven’t noticed any uptick in activity by new businesses buying gold and silver, selling gold and silver, that much. I’m not seeing the frequency of the ads on television that I would typically see over here by the telemarketer guys. By the way, don’t buy from those guys, I’ll beat the prices. Sorry I had to throw in my little thing there, but I’m not seeing the activity of those people as well that advertise on the cable channels for gold and silver.

You know, the overall consciousness of coal on Americans minds. I don’t know if that’s a good word to use, but it’s just not there. It’s not, you know, in 2012 we’ve seen a lot more activity than we’re seeing right now. And there’s in the scrap business, the scrap business has dropped off dramatically. Scrap gold business, scrap silver business. That’s probably a good reason why we’re not seeing cash for gold business, you know, but the scrap business has dried up dramatically and it’s pretty simple. Explanation for that. Same thing with the silver scrap business. You know, flatware, hollow wear, maybe silver jewelry a little bit, but all that stuff.

You know, you had your first big washout of all the major gold and silver jewelry, which was 1980. That took a lot of silver off the market, a lot of old and early silver. I mean people were melting everything. And we had people coming in, pulling their literally dentures out, gold dentures out. That’s true story. Working for my father in 1980. Wait, wait, you were, you were working for your father in 1980 and somebody pulled his tooth out right in front of me? Yeah, I pulled right out of there, wiped it down, think, put it on the counter and you’re missing some teeth.

What? That’s why gold tooth. I go too. I’ll kill him, I’ll kill him. And kind of gross. But we were used to dealing in dental gold at the time too, because dental gold is part of the scrap business as well. But you know, they were selling everything. They were selling everything at the time. You know, we have people lined up out the door, so. But 2012 seen a little bit of that since saw maybe what I’m going to say, if I had to compare the two, I would say it was about 25% of what 1980 looked like.

As far as the number of people, the number of scrap items coming in. We 2012 was 25% of maybe what 1980 is. I’m just kind of loosely throwing some numbers out there just from memory and stuff. But this, this round, it’s just not here. It’s not here in the United States. Most all the precious metals we’ve sold, you know, since I’ve been selling this for years and years and years, I haven’t seen any capitulation by the big whales that I’ve dealt with, you know. You know, I’ve dealt with some. We’re in a very wealthy area here.

You know, if you ride down the street here, you see yachts are not uncommon at every house where I live here. And you’ve been up in this area right here. So I haven’t seen any of the big major whales that we retailed silver and gold to capitulate at all. And when I say at all, that’s since 2012. And these are still customers of mine. Are they buying more? Not really. What I have found with the gold and silver buyers, retail buyers out there is a certain segment of our small population of us stackers out there were bought in.

Most of them are bought in and you get some new folks coming in over time. But we are extremely small community when it comes to physical stacking, you know. So I don’t know, I kind of try to answer a couple things about the capitulation that we’re seeing, who we’re seeing it by, the type of sales we’re doing, which have dropped off dramatically. And you know what I noticed for example with you know, I’m in a lot of. I talk to a lot, you know, when I talk to friends and stuff. What do you do? I will precious metals.

I do rare coins and you know, some other things too. But that’s my business since I was a kid. I’ve been doing it since 1977. Pretty much started working with my dad as a kid then. And we’ll talk about precious metals and I’m really surprised at parties and out in social gatherings that most people don’t own gold or silver. They might own it in an etf, in their IRA or their, you know, their pension, you know what I’m saying or something like that possibly, but they don’t own physical and very few of them even own gold jewelry anymore and hardly any of them own silver flatware.

So then let me ask you this question. Are people less interested now because the price is too high or is the price not connected to it? And what is causing the price to move so fast if the physical buyers are not in the market? And does this mean, and the follow up on that is, does this mean in your perspective at least that the paper price is too high and it’s got to come down or that it’s got. Or that the physical sacraments are not yet in the market and therefore it’s going to go even higher.

I think that the retail sales in the United States, even at our heaviest period of time, you know what I’m saying, during 2012 and even recently in 2021, it’s not significant. It’s again, we’re still a very small group of people, you know, and a small group of stackers. I mean the market in India maybe I don’t have friends in India. I don’t have, I’ve never really spoken to many people that are retailer gold retailers in India, but and I probably Chinese as well. I believe that a lot of our goals going to China and I could make a good case for that as well, you know, because I deal with a company called Metal Ore which is one of the largest refiners in the world.

There are multi international companies, Switzerland, Japan, I think they’re Japan Swiss owned or something and I Had an interesting conversation with them recently about scrap sales, you know, and silver. But where the gold is being sold. I think it’s central banks and I think maybe India and maybe China and other countries, but I think it’s mostly central bank driven. That’s kind of my feeling, you know, the buying of central banks, you know, you get Russia buying the brics nations of course, which have probably been talked about so many times. You know what I mean? I don’t want.

But that would be my opinion because it’s Rafi, I can tell you it’s not the American public buying gold. American public is buying way less gold than they did in 2012 and they’re buying way less gold and silver than they did back in 1980. And I believe that the younger generation doesn’t understand it at all. You know, the younger generation is trapped in the, you know, money comes on a card. You know what I mean? You have money in a card or you know, maybe cash, you know what I’m saying? They don’t even like cash anymore.

So the Dynamics of the U.S. buyer and precious metals has changed dramatically. I mean, that’s kind of the best thing I can say. So I guess in my perspective that, you know, backing all of the money that we have, the cards, the digital, even the bitcoin, all of it is, ultimately goes back to gold. That’s my theory. So that what, so the implications of what you’re saying is that since, since the, since the young, since the young generation are so, so disconnected from it, that means that when they finally realize that the thing that is maintaining its value, the best with the highest liquidity is gold and silver, they’ll all be rushing into it at the same time.

And it’s going to be, it’s going to be very hectic and scary for a lot of people. Yeah, that’s where I was going to go next because I was just going to say the same thing is I think that when, I don’t know if it’s, if I can’t say for sure, I’m kind of a little leery right now. I’m surprised that the American public with all time gold highs hasn’t jumped into gold heavily. But when the retail buyers start jumping in heavily, it’s. Yeah, all bets are off, I think because you know, that’s, it’ll, it’ll drive up wholesale retail markets dramatically, but we just haven’t seen it yet.

Haven’t seen it. And again, I think most of the American public is really not educated when it comes to gold. And silver, you know, that’s kind of the beauty of videos and guys like you as well, that explain it, you know. Yeah. Well, as. As I say, you don’t really have to be educated to understand in a period of monetary chaos what’s keeping its value. It’s just human instinct, you know, I think you underestimate the American public. I overestimate that. I’m sorry. Overestimate my apology. That was a. Yeah, I think you overestimate the American public when it comes to certain things, because I have noticed in general, the American public, you know, they get a half hour’s worth of news.

You know, they do it in the morning, they do in the evening when they get home, and it’s usually a handful of corporate sources, and that includes financial news, cnbc, boxing, you know what I mean? This is where they get their financial advice. This is. This is it. And you know what? Listening to a lot of stuff that, you know, talking about, a lot of the stuff that you talk about is very complex to these folks, you know what I mean? They’re just not going to get their minds wrapped around it. So, you know, there’s a lot of reasons, I think, that the American public’s not in gold and silver, and I don’t think educating is going to help.

I think what educates Americans in gold and silver is when the word finally does get out, and it’s really a FOMO fear of missing out and agreed factor, I think, which will drive the physical retail in the United States not being smart. And don’t. I’m not saying that Americans are stupid really, per se. I’m saying, you know, a lot of people assume because they’re really smart in one area or two areas that they’re smart and everything else. I think most, most Americans suffer that. So I don’t want to call Americans stupid either. You know, there. A lot of people are brilliant with what they do, but when it comes to, you know, the roles of gold and silver, you know, what the dollar really is, you know, guys like you explain that.

You know, and complex financial talk like yourself, you know, a lot of stuff you talk about repos and things like that, and these people just not going to be there, you know what I mean? They don’t get that. You know, so I think FOMO moment here. Yeah, I get it. But I mean, it’s. The moment is coming. And speaking of some kind of epiphany that the country would have, I mean, I don’t. I don’t know what’s going on there. I haven’t been there in a while, but, I mean, you’re in a purple state. It looks like Trump’s going to win it.

I was thinking about voting, but, like, I really don’t think it’s my business, and I don’t really know, like, my, My. My philosophy on voting is, like, I’m not really a Democrat, not in terms of the party, but in terms of. I don’t really believe in voting for a leader. It just. It doesn’t speak to me. So, I mean, I just leave that up to God and, And vote. Voting on a local level, I can understand, and I would do that. I did that. I voted in my mayoral election here because I think I have more influence.

But, like, voting for the president, it’s. I don’t think it really matters. And I’m. I’m rooting for Trump. Like, I would. I would like to see him, but I don’t know, maybe I shouldn’t be at, like, it’s, It’s. It’s hard to Kamala. It’d be such a catastrophe. But I don’t dispute the fact that Kamala would be a catastrophe. But, I mean, we’re so down, we’re so far down the rabbit hole of monetary and fiscal irresponsibility that every. Anything could be a catastrophe. At this point, it’s hard to say, but what’s the mood? Are people ready to riot over what they assume will be cheating tomorrow? Are people calm? What’s the mood of the country? Are they.

Are they in a fighting mood? Do you see, like, possible, like, riots in D.C. or something? What’s going on? It is almost like, I would call it the calm before the storm or hurricane. It is extremely calm. Nobody’s really talking to each other. Nobody’s saying much about it. The amount of political signs are actually put out are the least I have ever seen in my life, you know, and, you know, I’m not that old, but I have never seen, you know, just quiet. It’s very quiet, somber out there, kind of. And I believe that, you know, I believe that Trump is going to win for sure.

And when you. What you said earlier about presidents making a big difference, I don’t even believe we pick our own presidents. I believe they’re chosen for us to some degree. And then you get kind of some degree of, you know, who’s the lesser evil? Of course, I’m a libertarian from way back. However, I believe that the sentiment here is that Trump’s going to win. I hate to predict things, but it seemingly is like would be a landslide. You know, come what I’m looking at, it looks like to some degree he’s going to win in a big way.

But again, nobody’s out there bragging about it. In fact, you know, back in 2020 and during the other elections 16, there used to be trucks and boat parades with Trump flags flying around. I haven’t seen anything like that. It’s just extremely quiet, probably purposely so. But I’m waiting to see a Trump presidency and the cheating, as far as the cheating goes. You know, again, I’m a libertarian. Back when I followed Ron Paul back in 2008 and in 2008 I watched Ron Paul get cheated in the primaries and I’m not going to go into details on that, but he got cheated out of the primaries with Rickson forum.

I mean, I was a donator to the guy. Big fan of libertarianism, big fan of Ron Paul, his fiscal conservatism and other things. You heard that he might be back in a Trump administration through Musk. You know what, it would be one of the smartest things that they could do. But let’s just see what Trump can do there, you know what I’m saying? Once he gets hold of as you know, when politicians get in, anything could change. However, I love the idea. I love the idea, but I saw them cheat. I saw them cheat Ron Paul out of that, that.

And then coincidentally during the primaries with Bernie Sanders, I saw the Democrats almost do the same thing to Bernie in a slightly different fashion. So I’m under no illusions that there’s elections are rigged, especially primaries and in your face, 2020 elections, in my opinion, as a person that didn’t vote for Trump, didn’t vote for the others, you know, didn’t vote for Biden either. I’m pretty much cross ticket libertarian voter. I personally feel, and I don’t think I’m stupid, I watched the process pretty well that, that yeah, there’s issues about, you know, that whole election right there and that bubbled up a lot of stuff.

And of course the media here, corporate media here is just awful, awful. And they stuff that stuff, you know, they stuff it in the hole not to talk about it. And most Americans are just afraid to talk about it in general with each other. They don’t want to be labeled conspiracy theories and stuff. But you know, to kind of move along from there. Could I see riots and issues? I have never been more unsure of that question in my life than right now. I’m not quite sure how it looks. I have found that the so Called right and so called left.

The so called right has always been less violent, you know what I’m saying, than the so called left. If you take a look at the riots during, you know what I’m saying, during Trump’s presidency and that stuff which magically kind of went away. So, you know, but that is a question really I’ve never been more unsure of in my life. Right now, you know, my opinion is the smartest thing that the world can do is when you’re surrounded by parasites and predators is just go Galt. And of course you’re familiar with that going Galt thing. And I’ve been thinking to myself that probably the most successful, you know, the way the world is going, the most successful thing that could be done is just successful people going Galt.

Because successful businesses, you know, people that are successful, people that make money, people that. There’s three types of people, in my opinion in life, producers, parasites and predators. Producers, you know, are important for the world. But you know, you got your predators and you got your people that are parasitic off that. And at some point, I think the only way to cure that problem is for the producers to stop producing. You know, again, Rand wrote a great book about that, you know, as, you know, shrugging or Atlas shrugging. I’m sorry, Atlas Shrugged. Yeah, Atlas Shrugged. So that is kind of my opinion on how things will go.

Well, the other thing too, you have to ask yourself now, what happens to taxes, income taxes. All of a sudden, when people feel that their government no longer represents them, not only do they go golf, they start saying, why the. Excuse me, you cannot say filth, flying filth, flying filth in front of people. Why am I, My apology. Why, why am I paying taxes? You know what I’m saying? And all of us question that. At the United States, we already feel that way anyway without we ought to hear, why are we paying taxes? How are we being represented? We’re not being represented.

Well, but, you know, given when elections start going bad, you really start to question that stuff. And again, it’s a scary question that, you know, I’ve mentioned it many times about. I wouldn’t call it a civil war. It’s more like a revolution on one side, but it could develop into. I don’t even want to go there, man. Forgive me for kind of bringing that up, but it is kind of an interesting question. And I have to question myself too. If I saw just kind of large scale in your face, kind of. I felt that I saw in 2020 again, remember, wasn’t I Didn’t vote for the man.

I like to think that I kind of like to look at both sides. You don’t, you don’t think that they’ll be able to succeed like they did in 2020. I’m not saying that they treated in 2020. I don’t want to be flagged on YouTube or anything like that. I’m not making. It’s my opinion. Speculation on my point, you know, but what. But whatever they did in 2020, you don’t think they’re going to succeed in keeping Trump out this time? I think that it’s become such a desperate thing. You know, the strange thing about people that, you know, the people that don’t want Trump in office and the really rabid people is that, again, this is the problem with the media and everything is they really, truly believe that he is the reincarnate of the most evil people that we have out there.

People have been led to believe that to the point that they start shooting at him, you know what I’m saying? Which has not even been covered in the media. Those two shootings were barely covered in our corporate media over here, which is really strange. Barely covered. And they made light of it. I mean, you know, that’s so. It’s a strange environment we’re living in. And I don’t mean to digress from precious metals, but we’re talking about elections. I’m really curious to see what happens. I think that a Trump win, which is highly likely. Highly likely again, unless it’s just so in our face they do that, and then who knows, all bets are off in so many different scenarios, you know, chaos situation, who knows where chaos ends up? But yeah, it, it’s.

When you ask me the will it be kind of like, you know, a revolution or something, I can’t answer that one this year. I can’t. Yeah, well, like, I, I think one’s, I think one’s coming in one way or another, and it’s gonna. I don’t know if it’s gonna start with the dollar or end with the dollar. The dollar is. The dollar dying, is somewhere in there 100%. I think that Trump. I’m just completely surprised that the economy didn’t fall under the Harris Biden administration completely. You know, and I felt, I’ve been feeling this way for the last decade.

Each administration, I’m thinking, oh, whoever gets this administration is in for the, you know, the storm, you know what I’m saying? The end times kind of storm. I’ve been saying that and just saying it however, you know, I keep feeling that I’m closer to that point of probably seeing that, you know, and then I think that no matter who wins right here, it’s going to be a, you know, it could be that turning moment this year or next year, I think is the point. Trump could be inheriting a real mess, and he has two options here.

And you know about this with politicians. This is how I feel about it. Trump has two options here. Trump can I believe, you know, he is a man with an ego. And I think a lot of presidents are really. I didn’t notice. I’m trying to be nice, you know, he is. But a lot of presidents are like that type A personalities, egotistical to some degree, narcissist, a lot of things. But if Trump was truly going to do the right thing, like any other politician, it would be painful. You know, whoever really wants to do the right thing for Americans and the right thing for this country would have to do some extremely painful things.

Austerity type moves, you know what I’m saying? Heavy austerity type moves. You know, a lot of our. Painful but dangerous. I mean, dangerous. You would. Yeah, he would have to do some things that were completely to unwind the mess that we’re in, which I’m not even sure it’s unwindable. I don’t think it is. I think. I don’t think it is a reset at some point. But the best that he can do, I think, is not unwind it, but keep the country together as it goes through it. There’s no unwinding. I think what Trump will do again, he.

He’s not going to do the painful things that we need to do because he doesn’t want to be remembered as that president. Especially him, in my opinion, you know, doesn’t want to be remembered as the president that did any painful things. So I kind of believe that they’re going to just continue doing what they did before under President Trump is just keep cranking out more money and then Trump hopefully will get through the four years with that happening. And whoever gets in next will probably inherit the real. But that’s kind of why I’ve been saying that for some decade now.

I don’t think so. I don’t think so. I think the end game is coming under a second Trump administration or a Harris administration or whoever wins. I don’t think we got much time left. That’s my gut feeling. Yeah, gut feeling. But as my gut feeling is someone who’s in the middle of a war zone and Iran keeps threatening us and I don’t know what they’re going to do tomorrow. They keep saying they’re going to bomb tomorrow and gotta decide if I’m gonna send my kids to school or not or we’re gonna spend the day in the bomb shelter or whatever.

These are like every day. I’m probably gonna send them to school. I’m not gonna let Iran, you know, determine my day to day life. But Americans don’t realize how blessed they are in many degrees, Rafi. They really don’t. They’re completely clueless, you know, and again, I love my country and I love my people. I don’t necessarily love people running my government and I don’t really love what they do. I love my constitution. But yeah, I don’t think Americans know how blessed they are, you know, until when you have to wake up in the morning and worry about your daughter going to school and worry about, you know, that’s.

Yeah, yeah, you know, we’re a blessed country in many degrees. But I think that’s going to come to an end at some point here shortly as well. You know, again, the election, no matter which way it’s going to go, is going to create, you know, create some issues and it’s going to create more division and I’m curious to see whoever wins, how they handle that division, whether they throw more gasoline on the fire or whether they try to bring the country together, which I think, oh well, absolutely. Kamala would throw more gasoline on the fire. I believe that 100%.

I listen, she has Marxist ideology. Anybody that. And again, I’ve not studied Marxism per se. I know enough to be dangerous. And I’ve argued with some scholarly Marxist people. Never argue with the Marxist, by the way. They’re very intelligent and they, you know, that’s what I have found in the past. But you know, communism works in theory and that usually shuts them up real quick. But she’s a Marxist ideology. She believes in mmt. She believes in all the things that would completely take us, you know, to the end times much quicker. And I believe since she gets in 100%, I think that we’ll see that well before the end of her term.

Major economic collapse. I believe we will see a lot of bad things. What I’m hoping we don’t see is this proxy war with Russia continuing, you know, so. But anyway, I’ve got, so I get sorry about getting off track, elections and stuff like that. It appeals to me, to anybody that that is good with stopping wars to some degree, you know, What I mean, that’s, you know, you know, wars may be good for certain, you know, here it’s a military industrial complex, but generally it’s not good for mothers and fathers. Rare coins has been. It’s unlike the antique business and a lot of businesses, the rare coin business has done well because there’s a younger crowd in it, younger guys, they like the money, they like the business, they like the activity that is involved with, in the rare coin market.

When you go to coin shows and stuff and you’re dealing in rare coins, it is truly a free marketplace. You got individuals, you know, getting together and they like that. Again, these guys like making money. So the rare coin business is doing very, very well still, still to this degree. But I would not advise anybody to. And I’m a rare coin dealer. And you know, the only way you buy rare coins, you don’t buy them for investment unless you got that much money. You can hire a guy like me to keep an eye on your portfolio all the time and buy the right stuff.

You’re going to pay a lot of money to do that. You only buy rare coins if you’re a collector and you’re a hobbyist and you enjoy it. And all the guys that I’ve seen buy rare coins my entire life, wealthy people that just bought portfolios from some guy on TV lost money. People that didn’t pay attention, didn’t have any interest, lost money. But the damn hobbyists, the guys that actually spend a little time, read about it, get the hobbyist magazines, go to the shows, they all do pretty well actually for themselves once they make their mistakes.

Totally different business than the bullion business. As far as me, we’re in Lauderdale by the Sea. I’ve been in this location since 1995. Started working for my dad in 1977. So I’ve been in this business a long time, seen a few different markets. So we’re located in again, Lauderdale by the sea. Since 95, we’re open 10 to 4, Mondays through Fridays. We buy and sell, you know, platinum, gold and silver. We’re very, extremely competitive. What I do is I go online. I’m one of the few brick and mortars that goes online and I look for the big 800 pound gorillas that sell gold and silver and I beat their prices.

And then one of the reasons I can do this, because I do have a multifaceted business, I don’t rely entirely on gold and silver sales. So I can be completely competitive with SD Bullion, apmex, JM Bullion. These are all guys I respect too, with big 800 pound gorillas out there. And if you want to beat someone, you want to beat the respectable big guys out there. That’s, you know, you get better by doing that. So I do beat their prices out there locally. And we have a good business with that. We have a great brick and mortar business.

I’m trying to build up my call and phone business. I can do that, but it has to be larger deals. It’s hard for me to ship one Krugerrand like sd, you know. And of course, I’ve always told people, you know, you know, a good, good local dealer is good. If you can’t find one, give me a call. So. And again, that’s pretty much. I think I covered that. Right, Rocky? We good? Yeah, yeah, we’re good. All right. Glasses, by the way, so. Thank you. I have come here to chew bubble gum and kick ass. And I’m all out of bubble.

Okay. So, Brian, it was really pleasure speaking to you. And we, we will do this again. Maybe after the world ends, we’ll hook up again and see who the president is and what wars are going on or what wars aren’t going on and whether gold and silver are being traded as money again. Who knows? Yeah, let’s just hope for peace, you know, peace and prosperity for all of us. Yes, well, it’s wonderful talk. All right, see you soon.
[tr:tra].

See more of Rafi Farber on their Public Channel and the MPN Rafi Farber channel.

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