How To Invest In Gold (And What Kind Of Gold Is The WORST!)
ฝัง
- เผยแพร่เมื่อ 9 ก.พ. 2025
- How to invest in gold without buying the wrong kind of gold? I will discuss the best way to get the most gold for your money while avoiding the traps of buying the worst kinds of gold. I will also tell you why I regret buying these Pamp Suisse 1 ounce gold bars.
In this video, we'll reveal the type of gold that can drain your investment portfolio and leave you with significant losses. From gold coins to gold gold bars and even the new plastic gold notes, we'll dive into the common pitfalls that even experienced investors fall into. Whether you're a beginner or a seasoned investor, this video is a must-watch to ensure you're making informed decisions when it comes to investing in gold.
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Disclaimer: I am not a financial advisor, and nothing on this channel is meant to be financial advice.
The ideas expressed on this channel are purely opinions and should not be regarded as objective information. Nothing on this channel is a recommendation to buy or sell securities. Do not assume that facts and numbers in any video are accurate. Always do your own due diligence.
No matter what, if you bought any kind of gold in the past ... you've done well with it as an investment.
Not an investment. Plus, you only make money IF YOU SELL..
@@dronetestdaegan No shi+ ? Next you tell us money is only useful if you exchange it for goods or services? :D
@@prometheus9096 I know!! I am a genius!
You must be rough on them if they're coming apart or they're fakes. I've been collecting for years, decades. Everything I have is still the way I got them. You're right though, you don't need to pay for premium stuff if you are just wanting to build your stockpile. Just buy generic rounds or buffalos and eagles.
@@dronetestdaegan vous vous protégez de la perte de valeur du dollar, de l'euro etc car toutes les monnaies disparaissent un jour. L'or n'est pas fait pour gagner de l'argent à la base. -95 % de perte de valeur pour le dollar et -60 % depuis sa création. L'euro vaut en théorie 6.57 francs mais il faut 87 000 euros (87 000 x 6.57 francs) pour 1kg d'or et dans les années 90 environ 100 000 francs...
As a jewelry manufacturer for 44 years, a couple of $ 100 Million in precious metals have passed through my hand, I wish you had spoken about the purity of gold, The information that you are giving is very valuable and 100 % correct & I agree with you.
@@RalphUsaTr I am addicted to buying/selling jewelry. It's a passion of mine, and I had to teach myself everything. Now I have a great relationship with a factory that can create anything my clients visualize.
I recently made myself a nice pair of 14k rose gold diamond studs, and soon I'll be setting/creating myself a 3mm diamond tennis chain which should be around 5.5ct based on length/amount of stones used.
Another project I'll be using a 10mm lab grown diamond mounted on a White Gold ring. I'm really excited about this one. People are going to think it's not genuine, which is alright with me.
So you are oowis h ? and telling people "that it is fine to expect NOT to recoup the value of what they bought to begin with"? Call me shocked!!! What are your thoughts on what is going on in Palestine?
So to summarize, if you are a real investor for precious metal: 1) buy from a reputable dealer, 2) only go for bullion (none of those commemorative stuff), 3) buy in full units (1 oz coins, bars, heavier bars if you have the money), 4) buy bullion from the mint of your own country if your country has a good reputable mint (e.g. US, Canada, S. Africa, UK, Austria, Australia, etc.), 5) random year and abrasions are just fine. In the end, all you want and need to calculate is what gives you maximal metal weight for minimal price.
Yes!
Best to buy pre-1933 gold collectible coins. Roosevelt signed an executive order in '33 exempting them from confiscation in order to protect his rich, elitist friends and family.
@@Woof728 Roosevelt died 80 years ago and he ain't coming back. Paying more for numismatic value is a bad idea when the SHTF and prices Drop.
mint doesnt matter
LOL straight to the point. Prepper analogy is spot on!
Glad you liked it!
I literally saved one year to purchase a one ounce gold coin. In that one year, gold went from $2000/ ounce to over $2600/ ounce. So, there's that.
Exactly!
That’s why ‘poor man’s’ choice is fractional. I bought FG in 2022 and am now ahead of the premiums paid. I still say buy what you can when you can, hold as investment not buying to sell.
I bought gold backs at 3.80 a piece before gold shot up to 2600. Now gold backs are 5.36 a piece
Brian, don’t be discouraged, gold is the very best investment you can make.
@kennymoomoooYou are rich.
I found it quite easy to unload my coins (gold and silver) on ebay over the past 5 years. Some of the buyers said they were coin collectors, some were hoarding precious metals...but the bottom line is I made WAY more profit than I would have selling to dealers. Literally double in some cases. Always shop around!
Did you have problems with people saying they never got what you sent and got?
@FinanciallyAware I didn't, although I've heard the horror stories. I've always required the receiver to sign for expensive items (personally) That's probably the easiest and most reliable safeguard. I've never offered returns, either!
I am new at this and I have watched a lot of videos before. Perhaps I wasn't paying good attention, but I believe that this is the clearest
the most concise presentation I have listened to.
I'm glad it helped.
Watch videos of Lynette Zang. She concentrates on what's happening in the economy and why it's important to buy physical gold and silver to protect your assets. Get out of fiat currency! (paper money)
Here in the UK gold was £1,589 an oz ten months ago, it is now £2,085 that's nearly 30% increase. Fractional coins are great as long as you are willing to hold on to them for a year or so. The increase in value relative to Fiat makes up for the premium. Also they are easy to sell and are a very good way to invest in gold if you can't afford one oz. If you wait and save up for ten months the price of that oz will have gone up and you might have been better just buying a tenth every month.
yeah, we hear that alot. still wrong. some people have to rationalize. sad.
@@DrSchorit is not a dream it has been done on paper and in actual physical fractional many times since the pandemic.
The last year performance of gold is not that common.
That is assuming gold price continues to just go up in a linear pattern following past performance.
@ There is no way in the present climate that gold is not going to continue to rise. Gold is now £2,225 an ounce, that's £140 in three weeks. If I'd waited to save for an ounce, instead of buying the half Sovereign and the tenth of an ounce I could actually afford during the past month, I would have lost out.
IMO fractional gold minimal 1/10 is still a great option for those who cannot afford to dish out $2,700 all at once as long as your buying consistent is key
Imho in the long term, it's better to have a fractional and slightly over priced gold than not having any gold at all.
BALD GUY DOES HAVE AN EQUATION WHERE BUYING FRACTIONAL GOLD WORKS OUT.ME, I NEVER BUY BARS.OR FRACTIIONAL.BARS NEVR GET SPOT.
never trust a gold comment from someone not smart enough to spell you're.
@@omahanb1 It's not so much about what you can afford, but what the person on the other end of the sale can afford. If selling by Ebay fractional gold and silver do seem to retain their premium if you look at sale history...
Why not just save until you can buy one ounce at a time and avoid the rapiE 1/10 oz premiums❓
I'm A metal detectorist and have found over ten ounces of gold in the last three years. It's all 14-18 k so not pure gold. More like 58% gold once refined. So it averages out to two ounces a year for a fun hobby and spending time on the beach.
That is a win-win situation. Get exercise on the beach and get paid for it.
Gold in the last 2 years has been on a big upward trend, every fractional piece I have bought 2 years ago has gained and surpassed its premium, the more I wait the more it goes up lol.
Same here. And I think we'll see a bumper year here in the UK based on what the government has done so far.
Gold bullion is gold bullion. The plastic case and s/n should give the buyer some peace of mind, not something that commands a premium. You start off as though you've lost value somehow. Yet you overlook the fact that gold is up dramatically from when you bought it, stating it was many years ago. Yet you fret over a few dollars extra a dealer might give you if you sold. As someone who's been a coin collector for over 50 years. I'd say, unless it's pre-33, pay as close to spot as possible and don't think you'll sell bullion at any premium. Potentially losing the bar was the only valid complaint!
Thanks for saving me 20 minutes
Agreed
Excellent piece, where would you buy gold coin if you lived in UK?
I don't know. I have never been to the UK.
I can understand melting old jewelry, but why do they want to melt coins? Gold is still gold.
Premium on the coin
@@Myownshrink That's why I wonder why they want to melt them, and lose that premium.
@@5ivestring The melt to re make new coins or bars. Bullion banks buy for there own inventory.
It’s psychological, in order to screw people
Some jewelry are too pretty to melt and can have a minimum of 25% over spot.
A refreshing, honest, and informative video. Good job. 👍
I appreciate that!
Fractional gold has its advantages. You can also only sell a small portion in an emergency rather than a full oz. I prefer 1oz eagles but I’ll take a 1/4 oz if there’s a good deal
You should have an emergency cash stash in tbills or something for an emergency less than the price of 1 oz. Only buy gold or silver you plan on holding for multiple years.
@@FinanciallyAware I agree with having a stash of cash too. That’s the 1st thing to go in an emergency. I regret buying a 5g bar of gold when I was new to this but a couple 1/4oz eagles for $20 over melt isn’t a bad buy to me. Especially if I intend on keeping them for my children
I got some 1/4 oz gold eagle coins in the past and they went up by 30% I am very happy with the results
You missed the point of the video. You have a make believe profit. The value of gold is what you sell it for.
@@DrSchor absolutely not I just listen to my self worth I’m not doing anything any different.
Great video! 💡
If buying from a reputable dealer, the case (which is called an "assay") should not come apart, especially if the bar is stored properly. The gold might still be real, but it is a good idea to get it authenticated.
It's also true that if you're purchasing fractional gold (like 1/4 oz and 1/2 oz coins) your premium will generally be much higher per oz, but it helps those who don't have the funds to spend $2500 on a full ounce of gold!
Also, people stack and invest for different reasons - we agree that for large investments and "prepping" it is popular to buy larger bars and 1 ounce bullion coins rather than fancy collectibles and fractional coins. However, for small trades/bartering you never know when fractionals would come in handy!
Side note - you missed a dealer at 7:20
😉
Thank you for taking the time to comment Bullion Exchanges.
I disagree, for 2 reasons...
Firstly, I'm not in US but according to the information I see gold has risen 25.81% in the last year in USD (more in EU, UK, Ca and Aus). If you started the year with no money and saved up to buy gold and bought a 1/4oz on 1st April, July, October and January you would probably have fared better than waiting a year to get your 1oz.
Also, fractionals are way easier to sell peer to peer than a 1oz coin.
Secondly, you're talking about selling right NOW, but what about selling at other times over the past year?
Would you say most Buffalo's, Eagles, Britannia's, Sovereigns, Fractionals and Maples ended up in refineries over the last year?
No they wouldn't, so you're isolating one particular period from the rest of the year. For most of 2024 (middle of February to end of October) gold was rising and I'd guess that little or no gold coins were going to refineries unless they were damaged in some way.
For the entirety of the past year, almost all gold that has been sold to coin shops has been sent off to refineries. That is to say that there has been a lot more selling of gold coins than has been bought by the public. That is true in the United States. Watch the videos from Vermillion Enterprises to see what they have been doing with the gold they buy across the counter from the general public.
FYI: I'm a dealer and yes the refineries are paying 98%. This means most dealers will pay less than that if they're taking it to refineries. I'm paying 95% just to make 3% in this market with more sellers than buyers. Silver is even worse, they're paying 90% for most silver now. Thinks will change, they always do. Thanks.....God Bless
Thank you for the info.
Some refineries are paying 99-100% of spot for gold. That's how Vermillion Enterprises is able to pay 98% to sellers across the counter for gold coins.
What is the difference of buying physical gold and gold on stock market?
The gold ETFs like GLD are easy to buy like a stock and have very low buy and sell spreads. But, they hold the gold in a vault. If gold ever gets repriced overnight or something like that, the government can easily confiscate it and hand you worthless dollars for it a a rate that they decide.
I get what you are saying about fractional gold; however, I have bought mostly 1/4 American Eagles and Maples. I bought most. of them when they were less than $600/coin. I have a couple of ounces in Eagle/Maple 1/10 ounce coins but I purchased most of those below $230/coin. Today, with current spot prices, I am well ahead. I purchased fractional gold thinking that when spot would increase dramatically, as it has, most people would not be able to afford 1 ounce coins. I am not buying fractional gold today. It is just too expensive unless we see another massive increase in gold spot prices. The last gold coin I bought was a 1 ounce Buffalo for $2440 and a 1/10 ounce bar at $265. spot. TBH, I am in a holding pattern unless I see a really good deal. Gold and silver, for me, is an emergency reserve. I have enough of each to fill that role if needed. I agree with your ranking of gold as cuts of steak. I have similar thoughts on the matter.
we all know, never trust anyone who has to say TBH. if the statement cannot stand on its own, it is a lie.
@@DrSchor Ok, Dr. A simple "I don't agree would have sufficed".
You present very good advice for the simple category you’re speaking on. However, your concept is predicated on selling one’s gold and not holding. I bought fractional back in 2022 and current spot price has covered my premiums…I’m ahead. Having a strategy is an important part of the plan. Thank you for this good advice though.
You have to sell some time.
Purchasing gold is predicated on selling it at some point in time. If you never sell it, then you never made a profit. Buying fractional is only worth it if you are certain that the price of gold is going to have a large % increase in value and you don't have the money to buy a full oz at the lower premium. It's also assumed that buying fractional gold always entails the loss of premium compared to 1 oz. coins. That's not true. There are P2P networks where premiums are returned for fractional gold.
Would you get a better deal if you buy multiple
Usually yes.
10:30 you know gold is up 30% in one year currently, right ?
That’s exactly what I was thinking! Imo 2025 will have the same trend just softer.
You know that he said 40%, not 30%, right?
no. it is just 26%, and even that is on paper. you don't know what it went up to until you sell.
Down for last two months
I agree 100% with FA
He is living in a real world!!
Many ppl dont!!!
Thank you.
Your discussion is spot on in my opinion. The only thing that I would change is I prefer the 1 oz gold Buffalos over the 1 oz Eagles since the buffalos are 0.9999 and the eagles are .900. I also like the buffalo design.
As long as you buy it for a decent price. To me a Buffalo is just an overpriced Maple Leaf.
@@FinanciallyAware It seems they have been selling for the same price, or very close to it for several months now. I also like generic pre-1933 US gold, particularly the $10 Liberty. You can get them in XF/AU condition close to spot.
Edit: The maple leafs are usually the better deal, but sometimes the premiums are very close.
Eagles are NOT .900
@@dronetestdaegan You are correct. They are 0.9167. I own a few and I thought they were .900, based on the pre-1934 of gold coins.
@@ericl452 I love the old US gold coins. Such great history.
Thank you!
You're welcome!
Be careful when you buy generic gold from the secondary market: there were many cases I found that they mixed wolfram into gold. The density of wolfram is 19.254 g/cm^3 which is super close to gold. Besides of the price, we also care about the purity. I only buy 999+ fine gold. I don't buy Krugerrand or American gold eagles.
Another deal to consider are new customer "at spot" deals from companies such as JM or SD Bullion (usually a fractional or 1 ozt bar) but you simply can't beat a spot deal if it's from a reputable seller. This video really tells it like it is - be careful to not overspend on gimmicks.
When buying anything that has percieved long term value, always find out what you can sell it for. Excellent video.
You are absolutely correct.
I'm glad you agree.
Perfect opportunity to test your bar or coin. My LCS chops these out for testing.
I think they can test them in the case.
Sreetips just refined Utah gold backs and they do contain the amount of gold advanced. The whole video is on TH-cam. All in all though I’m totally with you on buying whatever is closest to spot.
@ I buy whatever that’s close to spot and make jewelry so I don’t buy gold backs but I was impressed that he showed the full process of melting them and refining them and they were the value as advertised. I was impressed.
@ I wanted to make cool stuff. Seeking knowledge I met others. Over 20 years it’s just been a pursuit to improve and refine. TH-cam has a lot of videos on all types of jewelry making now.
All a dangerous lie. Utah is not advancing gold to anyone. No state is advancing gold. Do not fall for this scam.
The dealers in the UK generally only melt scrap gold such broken jewellery.
Everything gets re sold as pre owned. (that's why they're called dealers).
Collectables or numismatic coins should be sold at auction so that the premium is appreciated.
Dealers don't have unlimited money. When many are selling and few are buying, the dealers have to dump some of that to raise cash.
Only buy graded coins for numismatic value if you're a collector. That means buy, hold, and send to auction to get higher returns. Bullion is a long term investment. It's the best way to hold your wealth.
So what I do with the 20 oz of pan 1 oz gold bar I should throw it away😂😂😂😂
Don't throw them away. Send them to me and I will dispose of them properly. 😂
@badinstinctsTH-cam-xb3oj yeah ok🤫🤫🤫😝😝😝😂😂😂
Nailed it! Stick with one ounce government minted coins. Eagles, Buffalos, Britannas and Maples. My personal preference are the Maples and keep in mind the Eagles are 22 Kt, the rest are 24 Kt.
Eagles are still a Troy ounce of gold they weigh more
@DarinMullins True. In the States it doesn't matter, but abroad, a dealer might undercut you slightly. This happened to me when I offloaded some Britannias in South Korea. Having said that, I didn't know any better at the time and Britannias back then were 22kt. My view is stick with 24kt coins. The purest form, same with silver but as originally said. If you're States based, then no worries.
Most Buffs are flawed -uneven rim. Most in fact ! People may keep them in case and not notice since they are 24K and softer, BUT check yours out.
It is still the right amount of gold but why in the hell can’t the mint make a straight coin ? Think I am wrong -look at a few- I am willing to pay for MS70 coin just to find a straight one..dealers more likely to give you more. Junk for the money which is too bad. I feel my graded Buffs
should be worth more… after people start checking their 24K coins. Buy Eagles or check you buffaloes carefully. I like the Buffalo but it is BS. New people hired at the mint-who is responsible for? Can them- they work for us and they suck putting these out. Find comments online !!! They keep coming even after they know they suck. Who wants to hold a crooked coin ? Not me. Fire them all.
@@DarinMullins how can an ounce of gold weigh more than an ounce of gold?
@@jerrycooper1428 How can you be sure you still don't know any better. We all know history repeats. Overconfident enough to be handing dubious advice out to the unsuspecting public. Sad.
I sold my entire gold bar stash 3 years ago and put the proceeds into Bitcoin. Best decision ever!
Now sell you entire Bitcoin stash and buy gold again. You're Welcome!
Stop lying
We’ll check back with you in a year 🤣
Don't count your chickens before they hatch!
Best advice I've heard on buying gold bullion, especially the scratched up sovereign coins.
i watch pawn broker channels and they buy jewelry for precious metal content and will chop it all up and send it out to refiners. And now bullion coins are being sent to refiners and melted. What are the refiners converting the precious metals into? Maybe we should stack that.
100 oz. gold ingots that they sell to national mints like the U.S. Mint and the RCM. They then mint them into 1 oz. Eagles, 1 oz. Buffaloes, 1 oz. Maples, etc. to be sold at Costco.
You are right. It is best to stack kilo's of gold.
Where do you sell to get the best price?
Excellent Education thanks from the UK
Glad you enjoyed it
Would it be good to store gold in Mylar bags? Would that stop the glue from drying out?
Yes, there are probably ways to store it to keep the glue lasting longer.
I just subscribed, only because you are the only one who tore down a misleading veil in bullion investment with proper simple rationale. Good video
I appreciate that!
What exactly is that misleading veil?
What about selling gold jewelry or scrap gold? Let's say gold is $2750/ounce. 14k is .585 That's $1608.75. What should be my goal for selling? Locally in NJ I can get 85%. Can I do better on 47th St? Any recs? Thanks.
Great video!! Best informational video out there in my opinion
Glad it was helpful!
Great video! Best video for the beginner that I've seen out here, confirms for me exactly what I've been thinking from what I'm seeing. Wow!!
Glad it was helpful!
Excellent presentation! Thank you. I greatly appreciate your intelligent programs on both gold and the FBAR. They are some of the very best available today. Thank you.
Much appreciated!
Great honest advice compared to most other bullion experts on TH-cam!
Glad it was helpful!
Good advice on what gold to buy.. one oz. Coin bullion from reliable source. 100 for US 98 of spot for other Country coin. Forget high premium coins.
So do you think selling Cast gold bars wont be difficult?
It will be the same I believe.
Yes you pay more for Fractional,But not everybody can afford a Whole ounce at a time..A bird in the hand( no
Matter how small, is worth two in the Bush).. Even a little bit at a time is getting you there...Yes, you pay more..
But the Gold adds up fast..As opposed to saving up the money for a whole oz..Im not a good cash saver..But great at stacking bullion.
I just found this channel, I must say I agree with everything you've said except that eagles r more premium than buffs. I love my buffalos. Lol. But it's nice to find a channel being honest!!! That's very rare in this niche, very
Thank you.
@@FinanciallyAware $Buffaloes > $America Eagles
Love my Buffalos also (2012)
I am from India, here gold goes up every year as we have a healthy domestic market for it specially during marriage seasons. I prefer Pamp as it gives 99.99 % pure gold (as their claim goes) . As I learnt bars have a slightly lower premium over coins, so it's a bit cheaper to buy bars. We have online based gold buying system so I invest little every week and when the gold purchase comes to 1 gram or 2 grams I get home delivery, with a little extra cost of packing and shipping. Packaging gives you a little sense of security and here it comes in a Pamp cardboard box so little chance of the product falling out.
Well thought out and evenly balanced video. I appreciated listening to it.
Glad you enjoyed it!
When an ounce of gold hits USD20k, who cares whether we have paid a little more premium initially because of packaging. Don't count pennies.
thanks for the video happy new year!
Happy New Year!
Where can we sell it ? If case is safe , do shops pay better price ? Any place near CT .
Excellent information ❤
Glad you think so!
Great video is there a way to test for counterfeit coins?
I use to use the plastic thing that measured for diameter, thickness and weight, but maybe they can fake that these days so stick with a reputable dealer and make them show you on their machine that the coin is real before you buy it.
Appreciate ur experience opinion 🙏🏻
No problem 👍
Thank you for this clarification! I have been so confused since starting my gold journey.
Glad it was helpful!
excellent explanations, -very helpful. Thanks!
Glad it was helpful!
Sell gold?
Does not compute.
Good video, man.
When are going to go back to svcollector?? And don't forget fractional gold is good to have if you need cash but not large amount now spot is 2507€ for gold but if you need les amount of cash is good to have fractional gold and is cheap in Europe I don't how is in the states
Maybe next summer.
Zero reason to use fractional when you can just sell an oz and trade it for fiat if you need to.
@@A_T_O_M_I_C_Rooster What if you only need, say $500? Wouldn't it be better to just sell 2 X 1/10 oz gold coins for $600?
I like the 100 Gramm Goldbars, nice to count and stack. Our € cash has lost so much in the last years, my gold went up 147% sine 2016.
100 gram is like 3 ounces. Pretty soon that will be over $10K, which will require an IRS form filed if you sell it for cash in the US. So I think at least in the US, don't go bigger than 1 oz.
sounds right but if the SHTF in gold everything will explode so the person holding off to buy the full oz will have money in the bank getting litle interest vs potential big increases. Now if you want to talk about the money in the bank getting interest but the value of dollar falling-----different story. anyway good article to view
One ounce of gold could maybe pay your rent for a month or two. If you don't have enough money to buy a full oz, a SHTF scenario is not gonna change your position much between having zero oz or one oz.
I don't look at bars as being fancy. They're a step below coins for sure and I don't expect to get any premium for them
@@shadowbanded You should be paying low premiums as well on purchase.
I have never bought gold from an online dealer. Have not bought silver from an online dealer in years. Maybe I know my LCS well, but he treats me great. Hardly any difference between Eagle and all the rest. ... Of late no difference retail eagle or Maple Leaf. Started buying gold bars, now $15 I can go from bar to Maple Leaf, $20 back to Eagle. Typically holds onto something in the case, do not think he's wholesaling. He's usually 2% under the one time I had to trade in, than $80-$100 over to the next guy. Lots of 90% silver generally at an 18x-22x face. Lowest was 17.5x, highest was 24x.
That is the best way. If you can find a good dealer and do all your buys and sells from him, you will usually get better prices.
@@FinanciallyAware at the risk of seeking financial advice, if my 100 Oz bar has been sitting still, just back up to breakeven per ounce, and I have additional silver, feeling like it's a good idea to trade up ... Maybe a gold Eagle. 5 years on that 100 oz bar. Can't wait forever on the ratio to change. Thoughts?
I'm confused, I never bought a gold bar hoping the serial number or plastic case would give it a premium. I don't anticipate a dealer saying, I'll pay more because it's in plastic! If you bought the bar years ago like you say, it's probably doubled in value, and you're worried about a couple dollar, non-existent, premium. Ugh!
So , what are you confused about, exactly?
Exactly!!
The case should not matter. A good dealer should offer you at spot
But when they sell it, a buyer would rather buy one with the case still on if they had a choice and the price was the same.
I think there's tremendous utility in fractional Au. Due to the high price (or low value of the dollar), it will be easier to sell off the fractional coins, especially if gold hits $5-10k/oz. There are also occasional deals on fractional that make it worthwhile.
Other videos ran a comparison of buying fractional throughout 2024 vs saving up to buy a full oz and fractional won by far..of course, 2024 was an exceptional year. I'm expecting the next few years will also be exceptional as well.
Fractional silver makes no sense at all, unless it's junk silver, IMO.
If someone has a 6 month savings account, buying gold should be the next priority. Based on fundamentals, I don't see anything wrong with fractional gold over the next several years as long as you DCA into it.
Everyone thought the same in 2012. Took 10yrs to BreakEven
I owned 2 pieces that bought from costco..i want to sell it to break it even. Any suggestions
Call around to local shops or try to sell it to a private buyer on Craigslist or someplace like that.
Never buy with the intent to hold for such a short period. EVER!
Who are you talking to? You know TH-cam is global. This is what works in your market. In Australia the US coins have a much higher premium so would rarely be considered worth buying. We pay over $4000aud per oz these days. So 1/4 oz gold coins can be a great way to buy. I prefer cast bars. Also we have tax laws about transactions over $5000aud so as the price of gold slowly climbs most people would be better off with 1/4 or 1/2 oz pieces to avoid the tax reporting here. I like your channel but please be aware there are other markets and options. Thanks
🎯
I said in other countries the most popular or high premium coins might be from their national mint like in the UK. You make a good point about cash transaction reporting limits. In the US it is $10,000. I would not buy and gold that was close to those limits. Maybe the kilo bar might get to those limits in the near future.
Thanks, very educational.
Glad it was helpful!
Pamps are fine. Gold is gold, is gold. If you are going to buy fractional, recommend pre-'33 US coins in $5 gold pieces, or foreign coins such as 20 Franc coins. Do not wait until you can buy a full ounce, trade up later if you must. I also recommend buying silver if gold will take a while to build up the cash. Trade silver for gold later. You will increase your savings and when the ratio drops you can trade for gold at what will end up being cheaper.
Every time you trade you are losing something to the dealer.
In the UK you can get pre-owned 1 oz Gold Britannia for 2% over spot and sell it to the dealer at spot. Also - they are capital gains tax exempt, as they're the British legal tender coins. The second top choice is the Sovereign Gold Coin - you can get them at 4% over spot easily and sell them back at spot. No taxes to be paid when selling as well. Then there's the Krugerrand - you can buy them literally at spot and sell them at 2% under spot. Apart from these 3, all the other coins or bars are a waste of money (either too high premiums when buying them or selling them way under spot and having to pay the CGT when selling over certain profit in a single year).
Yes, buy what is cheap and stay away from anything that is taxed if you can avoid it.
Are refinaries allowed to melt coins of the realm?
Yes.
Where did you get your stats that everyone is selling their gold and silver?
Go watch "Vermillion Enterprises" or "Silver Seeker" . The dollar volume of sellers is 5 to 10 times more than the buyers.
If you buy gold eagle for a premium price how much do you sell for? The same price you bought it for?
THIS IS GREAT !!! STRAIGHT TALKING - NO FLUFF
I'm glad you liked it.
Those bars usually have some of the lowest premiums though, no? Also no tax (in my state) on the bars vs coins.
Can you post list of reliable dealers to buy Gold From
Watched a few of your archived videos recently. Finding channel without a lot of one sided hype is rare...so I subscribed! I like your common sense approach which I find helpful as I begin my silver & gold purchases with some of my retirement distributions. Stock market has been really good to me and now I can afford to stack a little from my required distributions for my family when I become dirt. I'm still active in market, I find it to be best investment I can afford and control it all from my keyboard. 👍
Thanks for subscribing! Definitely do not put all or a large portion of your money in gold and silver. Stay diversified. I think the topic of leaving gold and silver to heirs is an important one. It is also why I advocate not buying numismatics and sticking to 1 oz gold and large bullion silver like 10 oz or 100 oz. It is much easier to leave directions to your heirs on what to expect when they sell it.
I love it, plastic Gold, where do I sign up? LOL
Excellent video!!
Glad you liked it!
one could buy silver and then trade in at local coin store for one oz gold. ..at least the money isnt wasting in a bank but saved in a metal ..
Find a better place to sell your fractional gold. There are P2P networks out there where you can sell and get your premium returned to you.
@frankabler think you meant the comment for someone else..otherwise huh?
@@Tracy-wr7mj No. If you buy silver and then "trade in at local coin store" here is what they will do for you. First of all, they will only pay you spot or less for your silver. Since you most likely paid a preium for those silver coins, your premium has been lost. How is this helping you get to a full 1 oz. of gold instead of just buying fractional gold to get you to 1 oz.?
Silver premium is way higher than gold
@@yelinhtet3976 you can buy it at spot or close..
I have some of those half a gram gold "bars" because they have pretty designs but when you take them out it of their casings they will literally crumple like a piece of aluminum foil in your hands.
Excellent video.
Glad you liked it!
I now feel like an insider. Thanks! 👍
I'm glad you liked it.
In which country (Hong Kong, US, Canada, etc.) is it best to buy gold and silver?
Kept this real as it can get, thanks!
Glad you liked it! I'm not here to sugarcoat anything.
If you buy non-monetary gold in some countries, like the UK, then you will be charged sales tax or VAT.
So, you need to buy only monetary gold in the currency of the country you are buying it in, e.g. gold souvereigns, as no sales tax or VAT will be charged.
Alternatively, you need to buy recognised gold bullion, as again no sales tax or VAT will be charged on the purchase.
I think a lot of people in gold raise the fear that one needs to be in gold.
I do not advocate put all your money in gold and silver.
If one can’t look at the history of Gold and Silver and say “it’s a good idea to hold some for times when currencies collapse” then they suffer hardship that could have been otherwise avoided. It’s just a hedge against the current financial currency’s instability.
Excellent video, thanks
Glad you liked it!
Question - what form of gold is most valuable down the road? Bar, coin, or something else? What amount if most ideal for trading (1oz, 1g, etc.)?
Are gold kilos a bad investment?
No, but you probably won't get any better pricing on it than on 1 oz bars and coins. If gold gets so expensive that a kilo becomes worth more than $10k then you may trigger the IRS reporting form if you buy it or sell it for cash.
@@FinanciallyAware A 1 kg gold bar is worth (at spot) $2,650 X 32.15 = $85,197.50 USD (Not $10k)
@@FinanciallyAware A kilo of gold is $84,000 - way above any country's reporting limits.
Very informative. Keep the videos coming....excellent show. 🎉
Thank you! Will do!
I pay a premium to get coins that either cannot be convincingly counterfeited or do not interest counterfeiters (modern Canada, UK and Australia). This rules out US coins. A mix of products allows you to sell the worst when premiums are low and the good stuff when it is in demand.