Gold Buying Advice for 2024
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- เผยแพร่เมื่อ 6 ต.ค. 2024
- This video is meant to help detail how to get started buying gold. Whether you're a beginner or you've been at it for a while now, there's some very specific advice that is easily lost in the excitement of buying. This video is meant to help you confidently get started buying gold. If you'd like more detail, here's a prior video with more detail: • How to Buy Gold - Star...
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All content here is for entertainment purposes ONLY. Nothing I present shall be considered finacial, tax, legal, insurance, or other advice and may be outdated or inaccurate. I am not a financial advisor and am not qualified to give financial advice. I'm just a guy on the internet, talking about precious metals.
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Thank you. I appreciate your support!
My goal for 2024 is 6 Oz. I went pretty hard on gold in 2023.. Picked up 22 Oz of gold and 1 Oz of platinum.
Nice!
Damn thats a lot that's bad ass
That awesome!! Always have a goal no matter how big or small.
WOW, 22 oz in 1 year!? Had you put that into an S&P index fund (even just $10k) you'd have had a 24% return. That's ~$12,500 now after just 1 year. In the form of gold, all that money is essentially frozen and cannot work for you. Some individual securities I acquired last year did even better. Happy stacking!
Great channel!
@@AurumAura31103 you know gmanEVO just said he did that in 2023 he didn’t let us know about all the properties he acquired in 2018 and how those have risen drastically or that he also invested in Bitcoin in March of 2020 when it was $3,000.00. He just gave us a glimpse into the wealth he froze in case all else fails. You never show your whole hand.
I first bought gold in March of 1980 for about $250/oz. If I had bought just an ounce a month, I would have almost 500 ounces now, worth over $1million. If you are young, start your savings plan now.
We need to perfect that Time Machine!
Love the advice on keeping the gold stack simple. I only stack AGEs, Maples, and Britannias.
As to fractionals, yeah, I know that they cost more per oz. but they also give me more. Not more gold, of course, but more flexibility. During hard times,
I only want to sell as much gold as I need to sell to meet whatever needs I might have at that time. This keeps more of my wealth in gold, rather than
whatever fake money currency the US Gov is pushing at the time. IMO, this could be MUCH more important than whatever premium I paid for the
fractional gold coins. That said, my stack is about 75% in 1-oz. coins, 15% 1/2 oz. coins, and 10% in 1/4 oz. and coins, by weight. It's a good mix
and should do what I need them to do.
The end game for this gold stack is to: 1) ensure that I can always pay my property taxes; 2) augment my retirement funds, if necessary; and 3) leave
something for my kids and grand kids that will (hopefully!) make their lives a little better. The gold stack is not all that they will receive but it is the
largest part of what seems likely to be most reliable during hard times.
Great rationale. Cheers!
@@2is1gold Thank you, sir. Love the channel and the outstanding videos. Comments tend to be pretty good too. 👍 👍
1/4 oz gold Britannia are for a good deal at SD Bullion right now. I think about 4.5% over spot. I know gold’s is currently high right now but decent prices over spot.
Simple for me in UK, been stacking ONLY full sovereigns and 1oz gold Britannias, perfect😊😊
I’m jealous of your CGT exemptions!
@@2is1gold Agreed. We need more states to declare gold and silver to be "money". If enough states do this, the US Gov *may* follow. Hope so.
Stacked gold (fractional) & silver (1 & 10oz)... I live in South Africa with an extremely unstable economy & decided to liquidate the majority of the silver & only go for gold in 2024.
I'm from the U.K too. Do you not see the Royal Mint's digigold as a good idea for savings in the long term??
@@2is1gold, it may be worth touching up on in a video, even though you're from the U.S. I wouldn't mind your advice on it either. ^
I am aware that the Royal Mint's digigold service is susceptible to cyber attacks, but should that reason alone make me stay well clear of it?? It's worth mentioning that it does attract CGT and VAT, but you don't pay for premiums.
Been watching your channel for a year now so still new to this. This video really helped put things in perspective. I find it hard to stay patient and buy smart. Trying to stay focused and not get distracted by shiny objects, which is very difficult when dealing with shiny objects.
Ha, it’s definitely hard. When the bad choices are still pretty good, that makes it even harder! 😄 The little mistakes escalate in a sale, though. I learned that lesson the hard way. (By repeating it twice!)
Started with pre-33 in 1994, have been buying 24 Carats lately, adding 4 oz/year, mix of 1/4, 1/2 and full oz, depending on whatever cash my side hustle brings in, as I am 'retired'. Slow and steady wins the race, you will not get wealthy buying precious metals, it will preserve the wealth you build.
One of the most important things you mentioned that many folks ignore is consistency. Probably because seeing a bunch of different designs is exciting.
Find the most liquid coins in your area and make a list of them. Then figure out what you like the most and stick to those. Trust me when I say that having a pile of the same kind of gold is pretty exciting. It's also far easier to sell when the time comes.
Yeah, it's so clear... after the fact. Cheers!
Amen 🥃
"Find the most liquid coins in your area and make a list of them."
Note also which metals are favored. When I dropped in to the largest LCS in my area a few months ago, they didn't have a single oz. of Pt or Pd to sell.
They were 100% in gold and silver. Pt and Pd prices are down, so it's tempting to buy low in the hopes of selling high later. While that might work, it
also might mean that you'll have to sell them online. Not that this is usually an issue but it can cause your sale to take longer and the added risk of
losing a shipment will be there as well. Straightening that out can take weeks or more.
@@edb3877 I know some folks really like platinum but making sure that they can sell it easily is a good idea. Some shops I've visited have zero interest in buying either Pt or Pd. If their customers don't want it they're probably not going to buy it and if they do it's going to be something they resell to their dealer network so they'll be paying way under on it
My LCS likes the AGE over the Buffalo by $50 on buy back, I was surprised
I don't have that much money to save in gold and silver, but I will prioritize gold over silver (even with the low silver price). I really want to buy a gold buffalo because it is precious coin.
silver is a sure shot. don't sleep on it.
Buffalo's a beautiful coin. Also pure 24K.
I hope to buy an ounce of gold during 2025.
long way to save enough for an ounce...
@@DrSchor of course I want others coins but the buffalo was my first coin I bought.
This is the best no-nonsense gold channel on TH-cam, thanks again, sir.
Instructions unclear, ran out of money 😔
Same 😬
Sounds about right I'm not getting 12 oz.
Get money, upgrade to gold.
Hahah
Impossible buying gold 😂
My 2024 base goal is 1/4 oz Gold monthly.
🤜🤛
Same here, along with 10 ounces of silver.
If on regular basis i can be consistent supply for a longtime
For me it’s Bullion Sovereigns , Numismatic Sovereigns & 1 or 1/2 oz Britannias if I get some extra money from somewhere!!. The Numismatic Sovereigns, especially modern can be bought for a few percent over spot and who knows how valuable they become in the future
Are you in the UK?
@@2is1gold yeah UK so my choices are more based on location & availability 👍🏼
I haven't bought any gold (or Platinum) in nearly 6 months... I have been focusing on vintage instruments that have dipped a bit from the hyper buying from the pandemic lock down period. I will start to buy again to complete some tubes" but I am awaiting a drop below $2K... we'll see, maybe won't happen but that is my plan
Well am a direct miner in sierra leone,and if you intend to buy from sierra leone feel free to contact me and ask any question based on mining and buying of both minerals
Just subscribed! bought my first 50 dollar silver purchase today !
🤜🤛
Great buying minerals and keep,because its an investment. Incase you want to buy gold in dust form, from sierra leone
Thanks for the video. I am retired and on fixed income, a monthly purchase of a quarter ounce coin is my only alternative. I go with the lowest premium which is Britannias for now.
Great advice to follow regarding GOLD. I know that I've already taken into consideration a lot of what I've learned through watching your channel once it's come to making my first gold purchases.
I only buy gold Buffalo (1 oz), I picked up 4 this month, but want another 8 oz before end of 2024. My goal is usually 10 to 12 oz per year, so long as the prices don’t skyrocket.
Nice!
What bullion dealer do you use?
Sometimes I love buying gold with silver designs it really brings out the beauty of it all, with sometimes less the price
I prefer pure golds
You mean the gold dust or the jewelry form?
Maples look so nice. I've successfully bartered with gold more that once without issue so that is also an option instead of selling outright.
I have a 8 oz yearly goal. I buy Buffalos and I buy 1/2 oz Eagles. I could probably buy a couple more ounces. But I like to put cash away for those unexpected expenses.
I admit to blowing some on travel too. 😉
In Australia we typically don’t have 22crt gold as that’s taxed, 24crt is what people buy to be not taxed on purchase. Our coin shops don’t get in eagles only buffalo’s due to this tax rule either 22crt.
then CGT is 50% if you hold it 12 months or more.
Maples tend to be cheaper than kangaroos for some odd reason.
@@plumairalbannach8492 and rhodium is so unattractive with most dealers only buying back at 50% or not at all
Buy with cash mate and keep your transactions under $10k
@@Andy123au Australia is reportable over 5k and tax must be paid on 22crt gold no matter what value.
Buy one coin at at time is the method here.
@@roxychic367 ok, thanks for the good info. I thought it was $10k but I don’t know where I got that number from.
Good plan!, my goal for this year is 3oz, - 2 1oz coins and 2 Australian Sovereigns and a 1/2oz Lunar Dragon. Perthmint just gave me their catalogue and i am thinking it will be an interesting year for them. Am currently reading - The richest man in Babylon - Great book to get and great amount of information.
Yeah, good book. Good luck with the plan. Cheers!
Forget about platinum. I bought gold at $1138 when platinum wasn't much cheaper. 9 years later gold has almost doubled while platinum fell from over $1000 to $850. Boy am I glad I resisted the temptation to buy platinum!
Incase you want to buy by grams from sierra leone feel free to contact me because am a local miner too
I know yours isn't the only opinion around, but it resonates with my sensibilities. After binging your videos, the biggest takeaway for me personally is that a lot of the non-numismatic silver I've bought would be difficult to sell at best, and while I got it all at good prices, it won't be worth the hassle later on down the line...damn.
So I was thinking I might turn it into jewelry, maybe add some value to it through labor. I dunno, is that too fanciful? Let's assume I'm not too worried about recouping the cost of the tools, since I buy many tools in my line of work, anyway.
You can flip semi numismatic silver pretty successfully but it takes work. The problem is the people “promoting” it typically have personal platforms, so it can seem easier than it actually is. I don’t know enough about jewelry to say much there, but I’d guess you probably have a number of options. Cheers!
Good info! Love hearing your strategy. And by the way your videos are the prettiest! 😄
Ha, thanks!
Nice job without all the world is going to end today.
🤜🤛
Big ballers on here sheesh. My goal is to get started with some American Eagles. I'd like 2 oz.
Why can't we do business for a longtime and start with few grams
My plan….. Perth mint then buffalos and eagles on dips. Something special about the quality of Perth series coins
Perth Mint nails their designs.
I just made it a point to buy a 10th ounce american gold eagle today 240.00 plus tax😢 actually i took 3 silver eagles and 9bucks junk silver and it was an even trade i just had to pay the tax (22.00) i took a loss i know but i needed some in my posession already. I have gold jewelry but bullion is a different beast. My strategy all tho expencive will be to buy a silver eagle or two every paycheck (more after i quit weed, im working on it my mom just recently passed away uts helping more than hurting so im not quitting at this very moment) amd once i get 8-9 ill take them in and trade them for a tenth ounce. Once i get enough 10th ounces ill trage them for a half ounce. Half ounce will be the biggest ill go for now. Ill buy the ounce when i can comfortably afford it. Now this is just for fun/future. Thank you so much for all you do for us newbies.
I've been following you a couple of years now. You have the best most informative channel on TH-cam. You always keep it interesting and classy. Thanks
I've been told that the American bullion is almost as disliked as Americans worldwide. Canadian Gold maples are the most accepted.
If I was buying for anywhere other than the States, GMLs would easily be at the top of my list. Cheers!
No advised buyer will ever refuse to pay a fair rate for a share of a well-managed, profitable corporation.
I wonder what can be done to help private gold buyers get connected with private gold sellers. The biggest issue would be security and anonymity.
The things to do to meet a direct private seller is just to have one broker/mandate that are very transparent and honest with you,am direct miner and i manage the mining site here in my province in Sierra Leone. Security is maximum when buying from me here in S/L, i just need a serious buyer and very transparent buyer that i can do a longtime business with and introduce him to my family too and even the village chiefs
What I've learned is that in most cases, you can pick up a 1 oz pre year coin for cheaper than the current date coins. If you plan to sell a coin now and then, it doesn't matter what year it is. You will get the same price either coin. Hence, I buy pre year coins.
@DrSchor True but I mean newer bullion, like maples
Still here, thanx, I've been thinking this way for a while now. U da man!
Thanks! 🤜🤛
I plan to buy two 1/4oz gold eagles this year which will put me at another ounce since I've already got two 1/4oz then focus on silver.
Started buying scrap jewelry for spot then I started watching you… my safe looks very nice… thanks!!
If gold is gold - and your coins are all 18k - what does it matter if it’s an Eagle , Buffalo, or gold bar. Isn’t gold just gold ? Obvi, notwithstanding coins with numismatic value
Brother, you are definitely doing it the right way, I started stacking almost 12 years ago, learned the hard way many times, couldn’t differentiate between collecting and stacking and like I said your way is right way and the way for me now.
It took me a few years, and a few of your videos, but I finally settled on 1x britannia, 1x sovereign and 1x something I like, such as a 1x krug or perth coin from the year I'm in, per year. Its only just over 2oz per year, but its not a bad UK pension plan 👍
Nice. Anything from the Royal Mint will be CGT exempt for you. Cheers!
Keep in mind that although the American Gold Eagle may be the most popular Gold Bullion Coin, it is taxable in many regions around the world because it is 22K and not considered "Investment Grade" the same way a 24K Gold Coin would be.
How much is a1 oz gold eagle worth today ?
@@arthurmarin5726 In which currency?
Another good informational video, thank you. My state charges tax on purchasing anything less than 999.
🤜🤛
Fabulous video! This is great info for new stackers and also for seasoned stackers to stick to uniformity and watch the premiums. Best wishes to all!
Cheers!
As always a great informational video, thank you. Okay, silver, ugh. I have some 1 oz. silver maples I've lined up for sale. They are at a depository, so it's fairly easy to move them. The huge problem for me is the fluctuating sell premium. I needed my sale price to be $23.33. I had it all figured out if the spot price would go to $23.08 and the current sell premium was $0.25. I arose from slumber Thursday (yesterday), and oh boy Silver Spot was over $23.08. By the time I got the old laptop fired up and logged into the depository the spot price had dropped to $23.08, I gotta hurry. I checked to be sure the premium sell price was still $0.25 BUT the dealer had dropped the sell premium to $0.05. So, I still haven't sold the silver maples. Just more frustrated with Silver.
Frustrating. Not much of a tailwind for silver at the moment. I’d guess it’s coming, though. Cheers!
locally we have marenghi, known worldwide as the european 20 francs/liras; with a bit of luck in finding the right place, you can buy them with 3%+ premium and when you sell them the shop will keep another 3%+ cut. But we pay 26% taxes on the surplus income (you buy for 350, 10 years later you sell for 400, you have to pay 26% of 50). Firm points I've learnt from you and other channels: don't buy gold for investment, buy it as an emergency plan in case your country/currency collapses, and to preserve the value of your savings. Two thousand years ago, a cow would sell for 2 gold coins; in 2024, a cow still sells for two gold coins.
2:1 Love your experience of perspective from different investors, ability to produce content and industry standards and insights.
Personally im buying random year 1 oz eagles at spot plus 4 pcnt preems. I love the feel and holding gold.
Cheers!
Great advice! I only buy 1 Oz American eagles and bufallos for gold so far. Just bought my 2nd bufallo today. My plan is to stack at least 1 oz a year in gold.
Good advice.I have a lot of different coins and bars. I love the buffalo and older eagles.sometimes you just have to get one libertad or a kukerand just to have one or a French franc!!
Great information but the %'s are much lower with Minot Coins & Coinhuskers!!! Your right that the buy sell spread is important to Research! Also the Maple Leafs always seem to be a better value than the AGEagles "but" I'm NOT a fan of Charlie on the back so I'll opt for older ones with Queenie!
As someone who only has a small budget, a quarter ounce of gold per month is what I can afford.
I prefer 24 karat gold over 22 karat, because outside of the United States it is preferred.
Canadian gold maples are the most recognized 24k gold coin in the quarter ounce size and it has security features. This is my first choice.
My second choice is quarter ounce gold britannias, due to recognizability and security features.
At 11:00, the tough truth on fractionals stings quite a bit. Do LCS realize it gives them a bad name? Have they no shame?
It adds a wrinkle for sure.
Brilliant advice thanks so much
I cant get myself to pay $570 for a 1/4 oz eagle when i can get something from the perth mint for $535 which at current spot is only a 6% premium
Is King Chuck on those coins? If he is I will pay the extra premium.
Excellent analysis imo.
The biggest problem is that I do not have enough money to buy gold and silver and bitcoin and means of production.
Bitcoin and Gold ;}}}}}}
Got a credit card. It has a 1K bonus for spending 10K in 6 months. Sounds like a good excuse to buy 5 ounces lol
What card is that?? Lol
It’s 2024 and the US Mint still can’t make a Buffalo without screwed up edges and thickness. Maybe next year…
But the unevenness adds to the rugged design of the coin, right?
😄
Fridge…I guess it does possess that ‘je ne sais quoi’ that makes me feel like it’s ok a sovereign mint makes a coin that looks like the machine operator flunked out of shop class 🤣
Buying with exit plan in mind always is the only way to
Put a good live spot price chart on your phone / computer. Buy when spot is low if you can, people don't have the time to keep a constant eye on live charts.
I only buy gold sovereigns, cheap, low premium, easy to sell, store them in capsules to keep in good condition.
Well, I've made mistakes with metals, too, before consolidating on the same coins you mention here...but I've been lucky enough to make trades with my LCS that weren't all that painful. The mistakes I've made with custom guns that didn't function as designed and high-end knives that didn't fit my hand...that was painful...but that's a discussion for your other channel, someday...
There are definitely harder categories to make mistakes in. I’d love to trade out of a particular Staccato right now. 😄
One of your best videos! 👍
Thank you!
Most important point you made, “exit strategy”. How quickly can you sell and how much. Liquidity that’s not punitive.
Cheers 🥃
Cheers! 🤜🥃🥃🤛
The Maple Leaf is #1 with me, lowest premium and finer gold than Eagles.
I love how the eagle looks.. i wish we had them in my country. I love that Chris Reeve also😅
Good eye 🤜🤛
It's akin to buying a house...you want to think about that when you are buying the house; even if you don't sell for 20 to 30 years. Thanks!
🤜🤛
I just enjoy buying gold I don't care about any exit plans 😅
Where are you buying from and what quality?
This the best presentation - Information that is XTRMLY important & Information that should be Embraced, Absorbed & Aapplied to any & all Au Gold buyers ( new or old buyers ) Very Important to establish a VERY clear & Precise exit plan *** AND *** be sure to share this plan to others who will benefit in the event you cross over.
**** Really enjoy 2 is 1 Presentations * * *
Many Content presenters can learn alot from 2 is 1
The professional, calm voice, easy to understand material, straight information with no gimmicks.
Stay away from snake oil salespeople that offer you round stickers if you watch their channel
If you buy what you like . . OK
However . .
I want product that local sellers will pay top $$$, I want product that dealers will B looking so they can sell for that quick flip.
Thank you!
It depends on why you are stacking. I buy as a hedge for the future. In full belief that the US economy will totally fail. In that scenario, .9999 Gold of any kind is best with the best total cost per ounce is the Best Buy. When it come to use of the Gold or Silver in the scenario for which I stack, the mint of the style of real GOLD or Silver will not matter. I agree with much of what was said if your goal is to buy cheap and sell later for a profit. That is not my goal.
Grabbed some Ag when it dropped 10% last week but waiting patiently.
I am do glad I hit your videos tonight , your teaching me what I need to know thanks. I am a broke guy living almost week to week but trying to buy a few gold coins when I can do yes you have all good info.
My advice is to be sure the company you buy from has a good buyback program.
Also, don’t get caught up in buying coins selling for way higher than spot! They are really good at telling you rare coins are worth at least 30X what they are worth. When you try to buy back, you will be lucky if they buy back for what you paid. But if gold goes up, old, “rare” coins don’t! You will never get back what you put in.
That CRK Mnandi is nice! Love the box elder work they do
Agreed. They do a great job. Cheers!
Excellent advice. I would advise myself to use the same method starting out.
After a substantial base-stack, I still wander over to collecting different stuff, but that is only for my own entertainment, and not as efficient. But its fun. :-)
Yeah, work before play. 😄
Just found your channel and subbed ...I am 70yo and retired started on Silver with 50 1oz coins and 1 10 oz bar...then I got the itch for gold but with a Silver wallet....can only manage 1/10oz coins...have 2 now and would like to do 1 a month...lol don't beat me up too bad
Cheers. Happy Friday!
A youtuber today said the US Mint plans on ceasing production on platinum coins. Doesn't affect me but it's semi-interesting if true. Might have to buy 1 just cuz.
I’m surprised they’ve sold enough to keep it going this far. 😄
@@2is1gold 🤣
I saw that also so I looked on the US mint, totally false "insider info". 2024 APE release is February 8th. Guy probably has a pile he can't sell so he makes up stories. IMO platinum had it's day, it's been replaced by palladium.
My personal tip for new buyers: As for any new habit, start small but at least start!
It’s like if you start running, start by walking around the block then mix run and walk, then run a small distance, increase the distance …
Although premium is much much higher, I buy once a month a 1/10th ounce (in addition to paying loans for rental real estate investments, long term saving accounts …). I know that if I put money aside in an envelope or on a saving account (that is not linked to a long term period), I’ll end up eventually spending the money for a so called « urgency ». So I simply prefer to buy a 1/10 ounce gold coin on a monthly basis, this way I know I cannot spend it. Plus I end up with a lot of coins to contemplate, I feel like I am 2is1 😂
And each year it’s at least one ounce saved
Excellent info! I have a few friends and family members I am going to send this vid to.
Great content. I really did love this topic I like a lot of your videos, but this one really hit home base especially with saving toward retirement. I’m very mindful that I spend 10% or under for quarter ounce coins and 10% or less or also the 10 ounce coins.
Thanks!
Fantastic Advice. But I was a little distracted by your astronomically large pile of gold!!! 😅
Ha!
He didn't show anywhere near what he has in total. :)
@@michaelwatt7846 I’m sure! He’s clearly done very well for himself.
Is it bad that I don’t pay attention to premium? Where I believe gold is going premiums paid just won’t be a concern.
I guess you are asking 2 is 1 that question, and I guess he will say, "yes premium matters". I myself am in your camp. But if you have to sell sooner than you expect, then 2 is 1 would be right.
Thank you!
No advice here just soaking in the advice.
Wait... buy gold... That is my advice.
Nailed it. 😄
would you happen to have a discord by any chance? thanks for all of your content
Sure do. discord.gg/yBP33yh7WG
For about 15 years I only bought gold but a few years ago I decided we needed to buy some silver as well. I started buying silver eagles. I have been buying from on line dealer but stopped buying silver eagles because of the premiums. I knew that Costco sells both silver and gold but only sell on line and it sells out fast. Last week I was on Costco looking on line and they had silver Eagles by the tube. Premium was only 3 dollars and some cents. I bought 2 tubes, their limit. Keep your eyes out if you are Costco member. They sold out in 24 hours.
3 dollars premium per coin, or for the tube?
@@awakenotwoke4830 per coin
@@awakenotwoke4830Per coin, Costco is Costco so they only sell in large quantities. They don't sell individual coins.
I’m just getting into this and the prices are really high. Is there a “bad time” to buy? And would it be possible to make a video on how to know when to buy?
Salaam,yes here in Sierra Leone during the raining season minerals are really expensive because only few miners can go to the mining site due to heavy stormy weather and rain. But you intent to buy from sierra leone feel free to contact me here
coins of the realm... lowest premiums you can find/afford... this is the way
🤜🤛
Always shop around and check out online sales from reputable dealers. There can be a substantial difference in prices from one site to another.
I have 3 1 oz gold coins and 18 1/4 oz. I refuse to buy a 1/10 oz because of the ridiculous premium. Just bought a half oz AGE. Thinking I should have just waited an bought a 1 oz
Great video,more platinum royal arms i hope they produce at a low premium and spot.
I have about 15-20oz. of titanium and cobalt-chromium in my knee just for extreme emergencies.
😅
😂
Gold at ATH, I think it's time to start a half oz tube! I'll have to check the premiums 👊🏻
@DrSchor definitely not buying gold at these prices. Prices are obviously at an ath. No clue why i posted that. Lol. Truthfully, im not even buying silver at the moment.
Usually not a fan of Eagles due to their high premium but right now (2/18/2024) the premium on a 1oz Gold Eagle has fallen so much that if you buy from the lowest established outlet on Ebay with a credit card yielding a 2% cashback and turn around and sell it to JMB, your loss is.... 2.82%... Add to this the fact that when gold surges the premium on Eagles always pulls way ahead of all other coins and it is hard to make a case for buying anything else.
@@DrSchor II would not call basic math work, but regardless it is only a 2% loss if you turn around and sell it immediately. If you bought gold Eagles even as late last week you are already in the money and the higher gold goes the higher the premium on gold Eagles goes so your final gain on exit will be significantly more than if you had bought Maples, Britannias etc.
As always, I think you are right on the money... No pun intended. lol
Thanks! 🤜🤛
Besides philharmonic gold coin, what is the best option for a gold coin in Europe? I live in Romania. Great videos, keep up the good work! 😃
You can choose Krugerrands - they are very popular and liquid in Europe
@@birgitnielsen-j6f what about Franz Joseph - ducat gold coin? Here is quite known.
I developed enough discipline to save money, next im working on patience to wait and save for a larger coin... Maybe next year haha
Where's the best place to buy gold and silver? Or best company to buy from? I've recently found a passion for metals, copper, gold, silver and coins too... I'm pretty new to a lot of this stuff but its very interesting
One of the best place to buy the gold is from Gold Souk in Dubai. But if you intend to come and buy from sierra leone feel free to contact me because am a local miner here too
Honestly, if You're a New (Young) Stacker, Set a Reachable Goal,
and Buy what's Fun to You, Buy what's Pretty to Look At!
Once you Reach you First Long Term Goal, Learn a few Lessons; Than you can Min/Max.
Have you ever thought about being a dealer, either as a career or as a side hustle? I wonder if someone could be successful with a strategy similar to your savings advice. The only concern I have with the idea is trying to run a business making 3,5,10% premiums. That’s tight for running a successful business when cash can sit in a bank risk free, more or less. I just love pondering how to make money from a hobby I enjoy.
I think it would be a very time consuming business.
@@2is1gold Indeed.
Darn man, I have been buying as many different random coins as I can. I like having a variety to look at.
My local coin shop deals with Eagles, Maples, and Krugerrands. So those are my concentration although I prefer the Eagles over Krugerrands for some reason.
Great video brother thanks for the info nice stack of gold 🪙 coins have a great weekend brother 🥃🥃🥃
Yeah, have a good weekend there too! 🥃🥃
Sounds about right. I do some numis too but that's a long play.👍🐣
Expert level.