I specifically warch your videos because you were the first one I ever heard talk about an exit strategy and also proposed gold as a savings account rather than a "shoot the moon any months now" investment. You are actually the reason I started buying gold instead if just dismissing it as a fad.
Thanks for sharing, I am in retirement and living off SS, IRA, and Fiat Savings from rental property sale first, holding what little gold I have for when I really have to sell but still hope to pass on a Buffalo to each of my two children. I hope I can make it work, I am turning 72 but still feel great. Your plan is right on point. Only collectible gold I have is the Gold .9999 Walking Liberty that I got well below market value, which I hope to sell to a collector, 70,000 made.
Goal is 120 ounces - use as needed in part time retirement. I actually like to work and don't plan to fully retire. That gives me 10yrs with extra monthly income. Will save the collector pieces till the end or pass em on.
I love the boating accident reference… especially since I am newer to the channel. (Don’t forget about us newbies!) Plan to use my gold for retirement and to pass down to niece. No kids so if I end up getting a reasonably large stash I’d maybe need to set up a fund or something. Guess I need to solidify my plans.
My metals have been my back up plan for years now. I have investments that I expect I'll be tapping into for my retirement but if I need them I'll sell my coins. We'll see what happens when we get closer to that time. I know plans change and no matter how carefully i plan things something will come along and upend it for sure but having the insurance that gold provides puts my mind more at ease. Thanks!
My strategy has always been the same and is pretty similar to yours. My goal is a minimum of one-hundred and twenty ounces by the time I'm ready to retire. More would be better. My wife and I are roughly six years from retirement and are well along the way to that goal. If all things stay the way they are currently, we'll retire with a generous (railroad) pension that is guaranteed for both of us, plus other retirement plans/savings, plus cash. Our gold will be used as a "contingency" fund. Have a month where you want to take a long weekend at the lake? Cash in a coin. Unexpected car or home repair? Cash in a coin, etc. Even cashing in one ounce a month, one-hundred twenty ounces would last ten years. As with everything in life, plans can and do change with time. This is our base-plan at least for now.
That RR pension alone is "Gold", lol. Friend of mine retired 3-4 years ago... $6-7k per month for him and his wife. That's more than a lot of people make working 40hrs a week.😉🤠✌
@@rodgerjohnson3375 No, not a bit. At one time, RR retirement was separate from SS benefits. One either had one or the other. Have not looked at this in 20+ years so it could be different now but it was sweet for those who got it back in the day. Maybe it still is. Our financial life is pretty decent these days. Wife retired after 30 years as a teacher, principal, and district level admin. She got in on the best pension plan that was available at that time and that has since been reduced twice. Also has SS benefits. I had a pension early on in my career but that got rolled into a very good 401k plan in 1981. The company matched our contributions up to 3% if we took the match in cash or 6% if we took the match in company stock. We only had to hold the stock for 9 months and we could sell it after that. They cash from that stayed in the 401k plan. The 401k plan money was rolled into an IRA when I retired in 2004 and I got a Substantially Equal Periodic Payment (SEPP) plan set up so I could tap that money for living expenses in retirement. I also have a small Roth IRA and get SS benefits. Additional after tax money was invested in a couple of core mutual funds that were rolled into their even lower cost ETF equivalent. Fact is, even after taking out $550k in retirement living expenses, my account is larger today than it was when I retired. This is not quite a perpetual motion money machine but it might be as close to that as one can manage.
@@edb3877 You are correct. RR retirement benefits are separate from SS benefits for the railroad employee. I do not pay anything into Social Security. I only pay into RR retirement, My wife, however, continues to pay into SS. At retirement time, I will receive benefits equal to an average of my final five years of earnings based upon years of service and age. My wife will have the choice of EITHER taking SS retirement benefits OR fifty percent of what my monthly benefit would be. In most cases, RR retirement pays more but not always. Of course, these numbers vary greatly from person to person depending on numerous factors. I'm not exactly sure what Mr. Johnsons' friends circumstances were, but in my case, my benefits will be roughly $5k per month with my wife receiving $2.5k per month. She will almost certainly do better with RR retirement versus SS.
I never thought of Golden Years as selling Gold. I Plan to sell my gold for market value as I need it in retirement. Gold should be a million an ozt when I am ready to retire. Million will equal 2000 dollars value at that time.
Agree ,100% that those who buy Gold as Fungibile Asset are not Trader or Gamblers but just are buyers of "Insurance" for the hard times thus sell one coin or 10 to 20 gm or an OZ periodically to meet contingencies and not make a huge one time profit Unfortunately most 9f us miss out and fail to see the real picture
the great thing is, you have a plan! without much thought previously, i had a similar plan. i suspect that selling as needed is a good choice regardless of how much one sells at any one time. interesting video!
New sub here 👍 Stacking for insurance hedge, shtf, or casual spending in retirment (50 with IRA, savings, and house with 4 years left)....after seeing what happened in Canada and how easily a government can wield a financial seizure, I started triple stacking.......currently looking for a lake 😎👌
Thanks for making this! An excellent plan, sell one off a month in retirement. Saw that quote by Ferris Bueller, I played on the soundtrack for that movie in 1986, coincidentally. 🎻
It’s good to have knowledge of different strategies. Things change so knowing all your options helps in making the correct decision when poised with a challenge
It's really hard for me to sell my gold. Most of the stuff I have fall under the fun and collectable category so I don't have as much plain bullion that I'd be willing to just part with, though I am sure if it is for something of equal value to me or an emergency I'd sell them.
Nice collection, I only started acquiring AU & AG since Covid started and have amassed a considerable amount and continue to acquire on a monthly basis. I just turned 50 yesterday so I have quite a bit of time before I can take any retirement. My plan is to live off my investments and only use precious metals as a supplement if I need it. If I had to sell any of it, the bullion grade stuff will go, the only ones I would never sell are the 2016 Centennial Gold coins to include the Walking Liberty, Standing Liberty, Merc Dime and first year 2006 Gold Buffalo Proof. If I never sell any it will all go to my grown Children & Grandchildren.
I stack and collect in hopes of passing on down to my children. I have ‘collectible’ silver but so far just stackable gold. I only started 2.5-3 years ago because t have never had to sell off anything so far. I try to not over extend myself financially
I've been spending time buying recently - but I've prepared for that possibility by holding as much fractional and other forms such as jewelry/gold watches - so it's accessible to the most people - and not just dealers... One coin and/or one watch/one piece of jewelry at a time - probably in retirement, which is the whole reason I'm holding my PMs. getting my head ready to sell is the hard part - in selling silver recently at these inflated premiums - I've found just letting go to be the hardest part...using those funds to achieve something helps, but not totally.
@@2is1gold but even so - I'm not retired yet so I'm selling some of what I put away for retirement...but selling to buy gold wasn't bad at all - although it was all Silver eagles I was selling and i really like those. I'm holding my last 300 and am determined to keep them until retirement unless silver actually does go to $100/ozt - which I don't expect anytime soon.
Thank you for these videos. It's refreshing not to hear fear based narratives. I'm a new stacker and I believe I've been going about stacking the wrong way. I.e. with a flipper mentality. I'm most concerned about exit strategies. Do you have suggestions on practical ways I can sell gold outside of a bullion dealer or local LCS?
As a last ditch necessity, I'd sell off only as much as I absolutely had to, if not straight trade for whatever I needed. It would need to be either desperation or if fiat becomes worthless.
I just sold some to learn how the exit goes. Made me question my LCS. Was offered 100$ under spot initially and then spot. 2022 American gold eagle. Blew me away.
Sell to Apmex or sdbullion or Golden Eagle fast checks no worries top money. I have shipped many many times to apmex as much as 100,00 at a time never a problem, use fedx or registered mail to ship.
You are going to have to get a vertical spinner for that St Gaudens. I don’t know what that would look like, a gyroscope looking thing of some sort? You got to spin that bad boy on the X axis or that Beautiful eagle is flying upside down.😁
I don't plan on selling any of my gold as i plan on passing it all down to my children. However i do have fractional ownership of a large gold bar through the Royal Mint's Digigold service and i do plan on selling my share of this gold bar sometime in the future when the time is right.
I retired in Panama. The gold market is thinly traded here. I found a private vault that buys and sells gold. They will buy back gold bullion at the spot price. I haven't tried it yet but I decided to trust that they would do this. Private vaults are all about trust and service to the client. It would be too risky to go out in public to meet someone to sell them gold. You need a professional environment that is safe for this. I don't want to sell my gold unless it is for a specific emergency so knowing that I have someone who will buy the gold in that type of situation is good. This vaulting company provides trustworthy and safe service to me that is invaluable for the retiree here in Panama. Yes, I would like to just leave my stack to my spouse when I am gone but of course we can't promise that will happen. Shit happens.
Just chuck it all in the full, decommissioned septic tank under the back patio and leave a note about it in the will. The most ambitious kid gets the treasure!
@@2is1gold In retrospect, I should have bought the DMPL but, it was $600 more than the PL. However, after buying a 1907 High Relief Saint, that’s chump change. Take care!
The exit strategy has always been to sell it all in a boating accident. I enjoy your videos because they make me think, this one reminds me that some day, all of this will belong to somebody else. I’ll never get out of life alive-
" I’ll never get out of life alive-" No, we don't... and who wants to continue here for many years with a declining body and the aches and pains it has? The time comes when we all want to move on to a better place.
Safe, Vault or Lake...I prefer the ocean! I have done a lot of thinking about my exit strategy. As much as I would like to give it all to the kiddos, I was thinking the same idea, selling one or so a month in retirement...we shall see!
I had to sell two of my gold coins last month. It was like losing a child or breaking my favorite watch.....the pain.. But, I needed to fix the boat engine for mother's day.
It’s interesting hearing your point of view saying each coin is a month of housing. I’ve explained this exact same thing to my family if I get hit by a bus.
Almost any gold I have just one or two of, I would have a hard time selling because they are part of my "collection". In fact, I think the American Gold Eagle is a beautiful coin in itself! I would have a hard time parting with mine because I currently have so few of them. But I suppose when/if I have dozens of them, then it would be much easier for me to sell some of them.
Great content as ALWAYS! Definitely have a few silver, gold, platinum,gun NEVER sell items! 1 minute video check out the 2020 jewelled tiger Perth mint mintage 8 yes eight! RIDICULOUS! only way to describe this 10oz that would look BA on your spinner! Stay safe stack on! Thank you again for your time and Peace from Kansas!!!
My exit strategy is to sell 80% of my silver the next time it reaches news highs or at least close to. As for gold, maybe I'd sell one or two ounces in a serious rally, but I don't have as many coins as you so it would be hard. Tough decision.
I have no children to pass gold to when I'm gone and I buy it as a store of value outside the equities market. I will likely die with it and it will be dispersed to the charities enumerated in my will. In the mean time I like to admire its beauty and handle it from time to time. Like you do 2fer in your videos.
For me it’s once I’ve got enough for a condo. I’ll be bringing g then back to the bank where I get them. I’m told Id be the first to buy a place with gold coins.
@@beri232 they are on opposite spectrums. I would argue real estate is in a bubble again and therefore any gold tradings for real estate would not be wise as I assume that bubble is going to pop. If your going to use the gold for property. Do it after the pop the gold will be stronger anyways. Almost at 5 ounces I’m 20 years old own my car and just bought a motorcycle in cash, moved across the country to work full time for a marketing company at 18 and haven’t looked back :) next purchase will be a home :)
@@beri232 I’m just writing it to hold myself to it. Not to see if you think it’s a good idea. I waisted lots of money don’t worry. Buying a condo with gold coins will not be one of them.
@@tacticaladvantage4763 with my job. I don’t pay for food or gas. My car is parked of months on end. Same with the bank card. Unless I’m buying gold. 3 one ounce coins a month. Since November 29 of last year. My math says I’ll have this said condo in less than two years.
Damn it I don't have a convenient lake. I do, however have a nearby volcano 🌋. I have no progeny, not much time to retirement, and old plumbing. So it is definitely a savings account.
@@2is1gold Bad luck. $12,800. Good luck is cash+cc saved my treasure for the inevitable 🌋! More repairs after I recover from the financial shellacking.
My exit strategy: 1. Best case....kids get the stash when the wife and I are gone 2. Liquidate as needed to deal with unexpected needs that cash cannot handle, or some acute emergency 3. Some unexpected opportunity arises (neighbor wants to sell 80 acres).
The gold is beautiful however just as beautiful is the book Moby Dick by Herman Melville. I believe many young people today have no idea what this book is about. It’s a true classic.
I never understood why everyone harps the same mantra, "Ya gotta have an exit strategy!" No you don't. I treat this stuff like insurance. If I need it, I have it. If I never need it, it sits there.... waiting in case I need it. I don't have an "exit strategy" for my truck insurance, home owners insurance, etc. or for my pantry of food, stored water, boxes of ammo, etc. , because it seems pretty obvious. "What's your exit strategy for these 55 gallon barrels of water?" Well... if I get thirsty, or need to bathe... I will use some of it.
@@2is1gold , Sure... food: Eat it. Ammo: Shoot it. My issue with the popular metals channels always harping on exit strategy is that it is made to sound like its complicated. Like you have to sit down and formulate some grand plan. It's money. The exit strategy is to spend it. Ultimately, the exit strategy for everything is death. You exit. Done. I just don't get why this is a thing. Use what you have for what it is intended, whether that is food, ammo, booze, gold, or whatever. If you don't use it, give it to someone. Or don't. In the end, we all leave here with nothing.
My exit strategy is also retirement, and I’ll try enjoy the stack spending it all in the final days, with a pair of Spanish Iberian lynx gold ounces (my favorite) being the last ones to go 😂
man your kids gonna be lucky if they end up with those gems! im still pretty young (early 20s) but It annoys me my parents were AGAINST pm investing for a long time and they never gave me as much as a silver quarter growing up instead just stacks of fiat. I actually have started to get my mom into into silver stacking recently and shes getting ready to buy her first gold coin soon! I look forward to some day passing on my own stack if I end up having or adopting children.
But what about the bronco and the pre 1933 Indian s and one Mexican coin the 20 Pasco with the eagle perched on a catcus about. To have "old no - shoulders" for lunch and when you flip it there's the Aztec calendar. I agree with you on the recent proof St. Gaudens I knew to buy it at the time but now I can pay the man more. I love that coin. Thanks for your thoughts.
the time decay is really interesting/scary. Maybe gold holds it value in 40 years. Or maybe it significantly loses or significantly gains in value thus changing the entire exit strategy.
Practiced my exit strategy for the first time today actually - sold some silver to invest in other places (wish me luck with my crypto 😬). I’ve always been hesitant to sell, but it turns out my LCS gave me a much better deal than I expected, at around a dollar over spot for a generic bullion kilo bar. I don’t plan to accumulate enough to be retirement income, but it’s nice to know there is a reliable place to sell if I’m ever out of work or in a tight spot financially.
Good morning from Texas.. awesomeness on the mechanical lazy susan… the other day, your video provided “security” for your gold; too much info in this video. Jk. OPSEC lol. Enjoy the videos and guidance. I assume the BLUF is my exit strategy is not until ‘6 under… get busy living or get busy dying. PS: Gold Spot $2084!! What to do?! Happy Easter and have a blessed day
I think it's pretty important to sell some to get an idea of the process. Sure it can be pretty simple but often see people expecting to roll up to a dealers and get top end ebay prices for their coins. Helps to have a bit of trading feedback and experience on other platforms too if you don't go down the dealer route. Ultimately I want to get the value from my metals whether that means selling and buying something else into the future or passing it on and providing value to a family member
I specifically warch your videos because you were the first one I ever heard talk about an exit strategy and also proposed gold as a savings account rather than a "shoot the moon any months now" investment. You are actually the reason I started buying gold instead if just dismissing it as a fad.
I definitely need to find and dredge this lake that everyone seems to be having boating accidents at. 🤣
Ha!
Don't go there. It's a death trap. So many boats have gone in, but none return. It's like the hotel California
Take me with you when you do😂
Thanks for sharing, I am in retirement and living off SS, IRA, and Fiat Savings from rental property sale first, holding what little gold I have for when I really have to sell but still hope to pass on a Buffalo to each of my two children. I hope I can make it work, I am turning 72 but still feel great. Your plan is right on point. Only collectible gold I have is the Gold .9999 Walking Liberty that I got well below market value, which I hope to sell to a collector, 70,000 made.
Very cool. Cheers!
Goal is 120 ounces - use as needed in part time retirement. I actually like to work and don't plan to fully retire. That gives me 10yrs with extra monthly income. Will save the collector pieces till the end or pass em on.
Good plan!
I love the boating accident reference… especially since I am newer to the channel. (Don’t forget about us newbies!) Plan to use my gold for retirement and to pass down to niece. No kids so if I end up getting a reasonably large stash I’d maybe need to set up a fund or something. Guess I need to solidify my plans.
My metals have been my back up plan for years now. I have investments that I expect I'll be tapping into for my retirement but if I need them I'll sell my coins. We'll see what happens when we get closer to that time. I know plans change and no matter how carefully i plan things something will come along and upend it for sure but having the insurance that gold provides puts my mind more at ease. Thanks!
We operate similarly. Cheers!
@JOSEPH ANDISON So I should only put my money in crypto?
My strategy has always been the same and is pretty similar to yours. My goal is a minimum of one-hundred and twenty ounces by the time I'm ready to retire. More would be better. My wife and I are roughly six years from retirement and are well along the way to that goal. If all things stay the way they are currently, we'll retire with a generous (railroad) pension that is guaranteed for both of us, plus other retirement plans/savings, plus cash. Our gold will be used as a "contingency" fund. Have a month where you want to take a long weekend at the lake? Cash in a coin. Unexpected car or home repair? Cash in a coin, etc. Even cashing in one ounce a month, one-hundred twenty ounces would last ten years. As with everything in life, plans can and do change with time. This is our base-plan at least for now.
Definitely. I think it’s just smart to look at in terms of what it can do. It’s flexible by nature, so it can change. That makes it even more useful.
That RR pension alone is "Gold", lol.
Friend of mine retired 3-4 years ago... $6-7k per month for him and his wife. That's more than a lot of people make working 40hrs a week.😉🤠✌
@@tonydanzl My best friend just retired with RR retirement. He gets 50% and his wife gets another 50% of his 50%. Total $75%. Confusing?
@@rodgerjohnson3375 No, not a bit. At one time, RR retirement was separate from SS benefits.
One either had one or the other. Have not looked at this in 20+ years so it could be different
now but it was sweet for those who got it back in the day. Maybe it still is.
Our financial life is pretty decent these days. Wife retired after 30 years as a teacher, principal,
and district level admin. She got in on the best pension plan that was available at that time and
that has since been reduced twice. Also has SS benefits. I had a pension early on in my career
but that got rolled into a very good 401k plan in 1981. The company matched our contributions
up to 3% if we took the match in cash or 6% if we took the match in company stock. We only
had to hold the stock for 9 months and we could sell it after that. They cash from that stayed
in the 401k plan. The 401k plan money was rolled into an IRA when I retired in 2004 and I got
a Substantially Equal Periodic Payment (SEPP) plan set up so I could tap that money for living
expenses in retirement. I also have a small Roth IRA and get SS benefits. Additional after tax
money was invested in a couple of core mutual funds that were rolled into their even lower cost
ETF equivalent. Fact is, even after taking out $550k in retirement living expenses, my account
is larger today than it was when I retired. This is not quite a perpetual motion money machine
but it might be as close to that as one can manage.
@@edb3877 You are correct. RR retirement benefits are separate from SS benefits for the railroad employee. I do not pay anything into Social Security. I only pay into RR retirement, My wife, however, continues to pay into SS. At retirement time, I will receive benefits equal to an average of my final five years of earnings based upon years of service and age. My wife will have the choice of EITHER taking SS retirement benefits OR fifty percent of what my monthly benefit would be. In most cases, RR retirement pays more but not always. Of course, these numbers vary greatly from person to person depending on numerous factors. I'm not exactly sure what Mr. Johnsons' friends circumstances were, but in my case, my benefits will be roughly $5k per month with my wife receiving $2.5k per month. She will almost certainly do better with RR retirement versus SS.
Love the vids. That lake joke never gets old in my book!!
😄
I never thought of Golden Years as selling Gold. I Plan to sell my gold for market value as I need it in retirement. Gold should be a million an ozt when I am ready to retire. Million will equal 2000 dollars value at that time.
Hope not!
Agree ,100% that those who buy Gold as Fungibile Asset are not Trader or Gamblers but just are buyers of "Insurance" for the hard times thus sell one coin or 10 to 20 gm or an OZ periodically to meet contingencies and not make a huge one time profit
Unfortunately most 9f us miss out and fail to see the real picture
Yeah, I really like the unit value for contingency needs. Perfect value breakdown. Cheers!
Great info :) Lots to think about. It's reassuring that people are thinking about these things as deeply.
🤜🤛
Thanks for sharing, I don’t have any Gold but have been wanting to. I just started getting into silver stacking. Beautiful coins though
I really enjoy this channel.
Thanks!!
your 1ounce = 1 month makes a lot of sense. I'm a ways a way from retirement but I need to start building towards it now. great video.
Love the lake joke. My modified version has my brother who used to beat me up as a kid, tied to the bricks going with the gold to bottom of lake.
😬
Great video always enjoy watching!
the great thing is, you have a plan! without much thought previously, i had a similar plan. i suspect that selling as needed is a good choice regardless of how much one sells at any one time. interesting video!
Great video. 👍 ....don't think I've caught your live stream in a while.
Fridays got difficult. I need to find a better time!
My exit is emergency if needed, but outside of that, a little here and there for whatever we want to do during retirement.
🤜🤛
I appreciate the outlook you have for your kids and there future well being!🍻
Thanks!
New sub here 👍
Stacking for insurance hedge, shtf, or casual spending in retirment (50 with IRA, savings, and house with 4 years left)....after seeing what happened in Canada and how easily a government can wield a financial seizure, I started triple stacking.......currently looking for a lake 😎👌
Smart! 🛥
Thanks for making this! An excellent plan, sell one off a month in retirement. Saw that quote by Ferris Bueller, I played on the soundtrack for that movie in 1986, coincidentally. 🎻
What???? Very cool!
It’s good to have knowledge of different strategies. Things change so knowing all your options helps in making the correct decision when poised with a challenge
Agreed!
It's really hard for me to sell my gold. Most of the stuff I have fall under the fun and collectable category so I don't have as much plain bullion that I'd be willing to just part with, though I am sure if it is for something of equal value to me or an emergency I'd sell them.
Hold it ‘til you need it! 🤜🤛
Love the strategies & the spinner table
Thanks!
Nice collection, I only started acquiring AU & AG since Covid started and have amassed a considerable amount and continue to acquire on a monthly basis. I just turned 50 yesterday so I have quite a bit of time before I can take any retirement. My plan is to live off my investments and only use precious metals as a supplement if I need it. If I had to sell any of it, the bullion grade stuff will go, the only ones I would never sell are the 2016 Centennial Gold coins to include the Walking Liberty, Standing Liberty, Merc Dime and first year 2006 Gold Buffalo Proof. If I never sell any it will all go to my grown Children & Grandchildren.
We think similarly. Cheers!
I'm 46, married but no kids. Adopt me and give me all your money.....LOL
I stack and collect in hopes of passing on down to my children. I have ‘collectible’ silver but so far just stackable gold. I only started 2.5-3 years ago because t have never had to sell off anything so far. I try to not over extend myself financially
Thanks for sharing
I've been spending time buying recently - but I've prepared for that possibility by holding as much fractional and other forms such as jewelry/gold watches - so it's accessible to the most people - and not just dealers... One coin and/or one watch/one piece of jewelry at a time - probably in retirement, which is the whole reason I'm holding my PMs.
getting my head ready to sell is the hard part - in selling silver recently at these inflated premiums - I've found just letting go to be the hardest part...using those funds to achieve something helps, but not totally.
Yeah, it’s a strange feeling. I’ve had things to put mine toward, so it was easy. Cheers!
@@2is1gold but even so - I'm not retired yet so I'm selling some of what I put away for retirement...but selling to buy gold wasn't bad at all - although it was all Silver eagles I was selling and i really like those. I'm holding my last 300 and am determined to keep them until retirement unless silver actually does go to $100/ozt - which I don't expect anytime soon.
Thank you for these videos. It's refreshing not to hear fear based narratives. I'm a new stacker and I believe I've been going about stacking the wrong way. I.e. with a flipper mentality. I'm most concerned about exit strategies. Do you have suggestions on practical ways I can sell gold outside of a bullion dealer or local LCS?
Great video 👍
Thanks!
As a last ditch necessity, I'd sell off only as much as I absolutely had to, if not straight trade for whatever I needed. It would need to be either desperation or if fiat becomes worthless.
🤜🤛
Damn. Awesome video as always. What is the spinner voodoo?
Hypnotic stuff!
Thank you for the information.
cool seeing those coins on the spinner.
always a fan of the saint gaudens design.
it would be cool to get the 2016 centennials myself.
Yeah, the centennials are great!
I just sold some to learn how the exit goes. Made me question my LCS. Was offered 100$ under spot initially and then spot. 2022 American gold eagle. Blew me away.
Wow. Facebook groups or online dealers might be worth checking out.
If you have a few LCS in your area, give them a call and ask what they're paying for what you're selling.
Sell to Apmex or sdbullion or Golden Eagle fast checks no worries top money. I have shipped many many times to apmex as much as 100,00 at a time never a problem, use fedx or registered mail to ship.
Nice Haptic! Trying to snag a Morpheus one of these days
Me too. Harder than I expected to get a hold of one. Good luck!
You are going to have to get a vertical spinner for that St Gaudens. I don’t know what that would look like, a gyroscope looking thing of some sort? You got to spin that bad boy on the X axis or that Beautiful eagle is flying upside down.😁
I know. The US Mint is anti-spinner!
I would love to get your opinion on digital gold. Enjoy what you do. Thank you.
the spinning object is perfect
🤩👍
I don't plan on selling any of my gold as i plan on passing it all down to my children. However i do have fractional ownership of a large gold bar through the Royal Mint's Digigold service and i do plan on selling my share of this gold bar sometime in the future when the time is right.
🤜🤛
Yes I am in my sixties will sell off a little at a time as needed.
🤜🤛
I retired in Panama. The gold market is thinly traded here. I found a private vault that buys and sells gold. They will buy back gold bullion at the spot price. I haven't tried it yet but I decided to trust that they would do this. Private vaults are all about trust and service to the client. It would be too risky to go out in public to meet someone to sell them gold. You need a professional environment that is safe for this. I don't want to sell my gold unless it is for a specific emergency so knowing that I have someone who will buy the gold in that type of situation is good. This vaulting company provides trustworthy and safe service to me that is invaluable for the retiree here in Panama. Yes, I would like to just leave my stack to my spouse when I am gone but of course we can't promise that will happen. Shit happens.
Sure does!
What they mean about the golden years is that you need gold to survive. I am retired and have been switching some assets into gold
I thought it meant everything was fun and games. 🙂
Just chuck it all in the full, decommissioned septic tank under the back patio and leave a note about it in the will. The most ambitious kid gets the treasure!
Shitter’s full!
My 2009 Saint PL is a keeper. Best Regards!
It’s fantastic. I’d like to find a proof state version someday as well. Cheers!
@@2is1gold In retrospect, I should have bought the DMPL but, it was $600 more than the PL. However, after buying a 1907 High Relief Saint, that’s chump change. Take care!
The exit strategy has always been to sell it all in a boating accident. I enjoy your videos because they make me think, this one reminds me that some day, all of this will belong to somebody else. I’ll never get out of life alive-
Going out in wave of glory!
" I’ll never get out of life alive-"
No, we don't... and who wants to continue here for many years with a declining body and the
aches and pains it has? The time comes when we all want to move on to a better place.
Safe, Vault or Lake...I prefer the ocean! I have done a lot of thinking about my exit strategy. As much as I would like to give it all to the kiddos, I was thinking the same idea, selling one or so a month in retirement...we shall see!
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I had to sell two of my gold coins last month. It was like losing a child or breaking my favorite watch.....the pain.. But, I needed to fix the boat engine for mother's day.
Love the spinner!
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It’s interesting hearing your point of view saying each coin is a month of housing. I’ve explained this exact same thing to my family if I get hit by a bus.
It seems like a good unit cost and use. Cheers!
Almost any gold I have just one or two of, I would have a hard time selling because they are part of my "collection". In fact, I think the American Gold Eagle is a beautiful coin in itself! I would have a hard time parting with mine because I currently have so few of them. But I suppose when/if I have dozens of them, then it would be much easier for me to sell some of them.
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Just brought it up again to show my son the spinner. He replies “want to see some real coins?” and then gave me a quarter to look at.
HA!
Great content as ALWAYS! Definitely have a few silver, gold, platinum,gun NEVER sell items! 1 minute video check out the 2020 jewelled tiger Perth mint mintage 8 yes eight! RIDICULOUS! only way to describe this 10oz that would look BA on your spinner! Stay safe stack on! Thank you again for your time and Peace from Kansas!!!
That thing is incredible. $100k! 🎩
I love the "lake joke". It never gets old.
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Love the lake joke!
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My exit strategy is to sell 80% of my silver the next time it reaches news highs or at least close to. As for gold, maybe I'd sell one or two ounces in a serious rally, but I don't have as many coins as you so it would be hard. Tough decision.
I have no children to pass gold to when I'm gone and I buy it as a store of value outside the equities market. I will likely die with it and it will be dispersed to the charities enumerated in my will. In the mean time I like to admire its beauty and handle it from time to time. Like you do 2fer in your videos.
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I love bringing My Pm's Boating. So far so good. Hope I remember the drain plug and not end up as an urban legend.
Ha!
For me it’s once I’ve got enough for a condo. I’ll be bringing g then back to the bank where I get them. I’m told Id be the first to buy a place with gold coins.
@@beri232 they are on opposite spectrums. I would argue real estate is in a bubble again and therefore any gold tradings for real estate would not be wise as I assume that bubble is going to pop. If your going to use the gold for property. Do it after the pop the gold will be stronger anyways. Almost at 5 ounces I’m 20 years old own my car and just bought a motorcycle in cash, moved across the country to work full time for a marketing company at 18 and haven’t looked back :) next purchase will be a home :)
And btw I don’t plan to sell my gold until my 40s at the very very least. Hope to have 50 or 60 ounces by then
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@@beri232 I’m just writing it to hold myself to it. Not to see if you think it’s a good idea. I waisted lots of money don’t worry. Buying a condo with gold coins will not be one of them.
@@tacticaladvantage4763 with my job. I don’t pay for food or gas. My car is parked of months on end. Same with the bank card. Unless I’m buying gold.
3 one ounce coins a month. Since November 29 of last year. My math says I’ll have this said condo in less than two years.
Damn it I don't have a convenient lake. I do, however have a nearby volcano 🌋.
I have no progeny, not much time to retirement, and old plumbing. So it is definitely a savings account.
Good luck with the plumbing!
@@2is1gold Bad luck. $12,800. Good luck is cash+cc saved my treasure for the inevitable 🌋! More repairs after I recover from the financial shellacking.
I plumb for gold lol
The spinner... niiiiice
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It breaks my heart watching your bare hand handling the proof coins 😱😱
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@@2is1gold delete the video, likewise no one will buy those coins lol
C'mon, ya have to "take 'em out for a spin" & fondle them...
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It's like Car or Motorcycle collectors...
Some just look at them, others DRIVE them😉
Very nice coins.
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My exit strategy:
1. Best case....kids get the stash when the wife and I are gone
2. Liquidate as needed to deal with unexpected needs that cash cannot handle, or some acute emergency
3. Some unexpected opportunity arises (neighbor wants to sell 80 acres).
Solid plan.
The gold is beautiful however just as beautiful is the book Moby Dick by Herman Melville. I believe many young people today have no idea what this book is about. It’s a true classic.
Fantastic book. I just finished rereading it. Cheers!
Cool, an eagle doing the backstroke.
Ha!
I never understood why everyone harps the same mantra, "Ya gotta have an exit strategy!"
No you don't. I treat this stuff like insurance. If I need it, I have it. If I never need it, it sits there.... waiting in case I need it. I don't have an "exit strategy" for my truck insurance, home owners insurance, etc. or for my pantry of food, stored water, boxes of ammo, etc. , because it seems pretty obvious.
"What's your exit strategy for these 55 gallon barrels of water?"
Well... if I get thirsty, or need to bathe... I will use some of it.
I bet you have an exit strategy for food, ammo, etc. Otherwise you’d just buy random food and ammo. Cheers!
@@2is1gold , Sure... food: Eat it.
Ammo: Shoot it.
My issue with the popular metals channels always harping on exit strategy is that it is made to sound like its complicated. Like you have to sit down and formulate some grand plan. It's money. The exit strategy is to spend it.
Ultimately, the exit strategy for everything is death. You exit. Done. I just don't get why this is a thing. Use what you have for what it is intended, whether that is food, ammo, booze, gold, or whatever. If you don't use it, give it to someone. Or don't. In the end, we all leave here with nothing.
My exit strategy is also retirement, and I’ll try enjoy the stack spending it all in the final days, with a pair of Spanish Iberian lynx gold ounces (my favorite) being the last ones to go 😂
Fun plan. Cheers!
Besides your. Buffaloes, I’d have to go with the Rooster 🐓 as my favorite!
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Oh hey, I bought the protech Les George SBR.
Nice, I’m a fan.
Pretty sure I need a turntable… 🤔 just to put something shiny on and… look.
It’ll suck you in!
Dam boating accidents so common nowadays!!!!
Dangerous pastime!
man your kids gonna be lucky if they end up with those gems! im still pretty young (early 20s) but It annoys me my parents were AGAINST pm investing for a long time and they never gave me as much as a silver quarter growing up instead just stacks of fiat. I actually have started to get my mom into into silver stacking recently and shes getting ready to buy her first gold coin soon! I look forward to some day passing on my own stack if I end up having or adopting children.
Nice!
This was a clandestine flex video masquerading as exit strategy information. Lol
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That rooster is elite!
It’s 🔥
My exit strategy is, sell the silver and platinum first.
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Where can you get a gold ultra high relief double eagle coin capsule at?
I got one from APMEX.
I like the plan of having 1oz of gold to sale each month for expenses.
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Damn those pesky boating accidents. I have lost darn near all of my possessions due to boating accidents
Tragic.
But what about the bronco and the pre 1933 Indian s and one Mexican coin the 20 Pasco with the eagle perched on a catcus about. To have "old no - shoulders" for lunch and when you flip it there's the Aztec calendar. I agree with you on the recent proof St. Gaudens I knew to buy it at the time but now I can pay the man more. I love that coin. Thanks for your thoughts.
Very nice coins! The tiger was very cool. But the one you should never ever ever sell is the Mustang =)
It is t going anywhere! 🤩
I’m going to sell next bull run and then start buying it all over again once the price dips
I am in my golden years and as of now have no intention of selling any gold.
Selling some silver on the other hand is a possibility.
GD
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the time decay is really interesting/scary. Maybe gold holds it value in 40 years. Or maybe it significantly loses or significantly gains in value thus changing the entire exit strategy.
The tiger 🐅 is the best cheers 🍻
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Practiced my exit strategy for the first time today actually - sold some silver to invest in other places (wish me luck with my crypto 😬). I’ve always been hesitant to sell, but it turns out my LCS gave me a much better deal than I expected, at around a dollar over spot for a generic bullion kilo bar. I don’t plan to accumulate enough to be retirement income, but it’s nice to know there is a reliable place to sell if I’m ever out of work or in a tight spot financially.
Threw mine in trash cuz I’m never selling!
I hope to not have to sell. But if so, as little as possible at a time.
I like your definition of the Golden Years. 😎
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I think my last check that I write will bounce…sorry kids.
Ha. Going out in a blaze of glory!
LOL!
My goal is my last case scenario if I would go totalt broke so my gold is the last thing I sell but I dont have and will not ackumilate to much either
Jojo Lim Edition Spinning Coin! 🤣
what about all those great pocket knives? exit strategy or holding forever?
Holding and handing down. 🤜🤛
If I sold my gold to buy a Boston Whaler … those would be some “golden years” for sure.
I like this idea. 33’ Whaler with “the Silver Heist” scrolled on back. 🍾🛥
An unsinkable boat☠️
@@skullstaxx unsinkable boat, but somehow I still ‘lost’ the rest of my gold in an unfortunate boating accident 😂
Exit strategy is when the giant men show up with bats and pliers to collect, I hand them a few coins to keep my toes and my teeth.
Ha! Good luck!
Good morning from Texas.. awesomeness on the mechanical lazy susan… the other day, your video provided “security” for your gold; too much info in this video. Jk. OPSEC lol. Enjoy the videos and guidance. I assume the BLUF is my exit strategy is not until ‘6 under… get busy living or get busy dying.
PS: Gold Spot $2084!! What to do?! Happy Easter and have a blessed day
Type O.. 1984
Gold is expensive today! I’m waiting. 🤜🤛
I think it's pretty important to sell some to get an idea of the process. Sure it can be pretty simple but often see people expecting to roll up to a dealers and get top end ebay prices for their coins. Helps to have a bit of trading feedback and experience on other platforms too if you don't go down the dealer route. Ultimately I want to get the value from my metals whether that means selling and buying something else into the future or passing it on and providing value to a family member
I agree. Everyone should understand the process so it’s easy if they need to convert quickly. Cheers!
Excellent video as always. I'm wondering if your kids are into gold and if they'll appreciate the beauty of those coins, or just money from daddy.
It’s growing on them. 🤩
Only buy !