True, but they have suppressed it like hell since what? Late 80's? So it's true value isn't showing because of the paper crap. You take an outfit that has say 100 ounces, they can sell 10,000 in paper gold, maybe more, who actually knows what they've got in their vault. When the economy completely breaks worldwide? I really don't see the rest of the world trusting the US government with the world currency again, do you? Besides we no longer make hardly anything. We get a lot of our military equipment and parts to fix them from China and other countries. AND THAT SHOULD HAVE NEVER BEEN ALLOWED TO HAPPEN, EVER! We are heavily compromised now. Gold and Oil were used to stabilize in the past, now there's nothing. Russia, China, and India are now Allies and anything one doesn't make? The other one does. Worst part of all? We depend heavily on all three for things we no longer make because the companies who used to be here went there, AND THEY HAVE BEEN TAKING US DOLLARS AND BUYING GOLD FOR THE LAST 10-15 YEARS. Nervous yet? If you aren't? You should be, we all should. And the last two presidents have paid 2/3 of the farmers in America to plow under their crops for the last 4 years. Why would our gov purposely create a food shortage? Enough said.
I’m 24 and started stacking 4 years ago but took a break during the pandemic. Currently at around 50oz of silver then 1.8 oz of gold. I’ve been picking up the pace lately on silver. Also have about 300 pounds of scrap copper and couple hundred pounds of brass I been saving
Nothing to correct you. Copper and brass is good here and may increase 4 fold. Au and ag will maintain its level but probably will not outperform. I prefer platinum here imo.
Starting to accumulate precious metals in your twenties is a smart move, so congratulations. But now you need to get smart about what you’re accumulating. Focus on gold first, silver second (the latter is for speculation). Copper and brass, is a waste of time, space, and effort, so stop it now, just stop. As for gold and silver, if the dollar value of your silver is more than 20% of your total combined gold and silver pool, then you own too much silver. A range of 10%-20% of the dollar value of your precious metals pool in silver is about right. Gold should be your focus, so ignore the silver bugs, as they don’t understand history nor monetary metals. Silver stacking is a silly American obsession, an ignorant hangover of the 1933-1974 era when private gold ownership was effectively outlawed in the US. The more passionate a silver stacker is, the more you need to walk away from them. Silver is gold’s worthy junior partner and sidekick, but in the 2020s, its place is that of a small side holding purely for speculation. But the bedrock of your precious metals pool, now and forever, should and must be gold. Learn this lesson now, and you’ll thank me when you’re in your forties and beyond. PS: Before you go down that route, platinum and rhodium have never been monetary metals, since their melting points are so high that working them into coins or bars is rather impractical and expensive, and makes it difficult to benefit from their theoretical fungibility. They are precious metals, but in no way are they monetary metals.
I believe I should watch a video on "How to survive the current recession" given the state of things. Actually, it's a complete failure. The fact that some people could still earn more than $$$k in a short period of time astounded me. If that's still the case, please explain how.
This recession is most likely the result of an external factor. For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.
One of the primary reasons I utilize a portfolio coach to oversee my daily investing decisions is that their whole skill set is centered on trading long and short at the same time, utilizing profit-oriented techniques and minimizing risk as a hedge against unforeseen events.
@@alexanderjames3043 Due to the significant falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this teacher?
@@waynestones Yeah, I have total faith in a financial advisor who is certified by the US SEC. In fact, I'm not sure whether I'm allowed to disclose this, but I'd suggest checking up "sharon lee casey" because she was a huge issue in 2020. She is my mentor in addition to managing my investments.
@@alexanderjames3043 She has excellent credentials and an outstanding occupation. Hence, I swiftly copied Sharon's whole name and typed it into my browser. I'm curious to discover why she is so busy, and despite the fact that she has unquestionably good credentials, I nevertheless schedule a meeting with her.
It's really hard to say. Fundamentally speaking gold and silver should rise in price during a recession/ depression and all other periods of economic uncertainty etc... Is it a safe haven asset? Yes. Does it protect future buying power? Yes. Does it have a good track history? Yes. It does what it's designed to do. However the gold price is tied to the COMEX valuation. And they say what is the paper value is. They may just continue to keep pressing down the true value of Gold and silver for as long as they can, until they can't do it anymore. But one thing is for certain. I'm so glad that most of my portfolio right now is in physical gold and silver. But I'm also holding onto a good cash reserve. The deals are coming guys. Keep your powder dry!!!
That's what they will do, keep it suppressed as long as possible, but when America's economy completely crashes, that's getting close by the way, A Texas billionaire just bought 50,000 million in gold and silver. Other wealthy people are as well, when rich people start buying gold and silver in those amounts? Time to do like wise.
It's hard for me to save for a 1oz Gold coins, so I purchase 1/10 or 1/4 oz before I blow my money 💰 on foolishness things. Just trying to get 100 pieces of gold
Hi, Cal. Long time no see. Good to see you. I now have an ounce in Dos Pesos gold coins. It takes 21 Dos Pesos coins to make an ounce. I have now started on an ounce in Dos y Medios gold coins. It takes 17 Dos y Medios coins to make an ounce. I have also started on my second ounce in Dos Pesos coins. *WINNING*
Those recession blues were starting to hit me post rate-hike, but then I went to the LCS and scored myself a beautiful AU Indian Head Half Eagle. I stare at the lines on the feathers when I'm standing in the sun, and I can't help but lose those blues a bit. A recession's coming...but my gold's here to stay
I do think it's funny that we always want the price to go up to justify our purchases a little more, but we also dont want it to move so we can keep buying at a good price. Truly a gold stackers paradox🤔
@@wantsome-zs5sq you said it best... electronic and contract gold. If you buy the derivative forget about it anyway. Either bullion or nada dude. Ps the actual coins command a real price over the fake shit on resale.
Great video brother 💯 I believe that Gold should be at least $2800 An Oz The current price of gold is $1800 - $1850 Gold is at a discount right now …. We should buy as we can
I've been buying gold & silver coins for 15 years. I try to diversify 20% into stocks, 30% into contemporary fine art, 30% in property, 15% into gold & silver coins, 5% other collectibles (antiques, rare books, watches Masonic rarities etc)
Picked up a 1oz Gold Britannia and a couple 1/10 platinum Britannias this week. Plus 40oz of silver showed up in the mail yesterday. It’s been a good month!
It may pop when recession data is confirmed by end of this month. I used to think silver is as good as gold for stacking but when I realised how much the silver premiums were plus the cost of storing… it changed my mind into a exclusive gold stacking bug
So if I need some quick cash should I sell my silver before I sell my gold? I'm already up on gold and would take a little hit on selling the silver because of the broker's fee.
My take, inflation will put upward pressure on gold. Inflation historically takes years to resolve. Gold will be a good store of value for the future. So, I am buying gold and cost averaging in.
I'd love to pick up a maple but unfortunately that purchase is looking like it will be 6-9 months away and depending how spot price goes it could be a lot longer, these videos are helping to keep me sane until then.
Which is exactly what happens in a recession. But to take advantage of that we have to swim against the tide of investor opinion. But it can be really sweet when we do and it works for us.
@@2is1gold You know this is a total example of you can't underestimate the power of stupid people in large numbers. G-7 just banned the buying of Russian gold, when Russia hasn't been selling her gold. ( UK before the act became official.. sold 3 tons of gold they had bought from Russia) I feel like we're standing on a Hasbro game board
No matter how much gold or silver you have , one thing most people don’t realize yet very soon it won’t be worth dollars anymore .🤔 Keep stacking , it’s not about dollars folks it’s about conservation of your wealth, think of it as insurance 🤝👍
People saying that are the same as the end of the world preachers. No matter how long they are wrong for, they just keep on saying its about to happen. One day it will happen, in many decades or hundreds of years, but no, its not going to be soon
I agree, gold is not an investment, it is insurance. As an investment it loses value. You buy it at a premium, sell it at a discount, and pay taxes on the price difference between purchase and sale.
@@davidsandy5917 you have to pay taxes on gold in the states? I'm Canadian, my gold dealer said I don't have to pay taxes when I sell my gold. I don't really know though because I've only bought it so far.
I think that what people are missing over everything as far as Gold and Silver go is that sometimes it's enough for the precious metals to hold their own or move slowly in the direction opposite of Fiat by which i mean Gold and Silver are holding their value during this turbulence but the long term trend is still in tact. If you were holding Gold 2.0 (Crypto) you have gotten POUNDED and it hasn't held up at all and it certainly is no store of value. In circumstances like todays and for the short and intermediate term if my value holds up then i am winning because everything...EVERYTHING else is going down, that's called a win.
I’m still stacking 1/4oz coins & 5g & 10g carded pieces. With most of my weekly cash going into several different “investments”, there’s not enough to go around for a full oz. I also believe 2022 will produce a recession if we aren’t already in one.
I haven't been following the gold and silver price for a long time but, given the unabating twin tsunamis of wild optimism and dark pessimism about gold/silver forecasts, I've noticed the most trusted forecast is that last week's ride is the most stable predictor of next week's position. Apart from that, there's only divination!
@@2is1gold Yep! So, with due regard to my comment above (and without hyperbolic adjectives!), I'd say both gold and silver are currently undervalued and should rise. Let's see their respective positions next week!
Glad to hear you moved on the $1810 price, I had a gut feeling but sat on the sideline thinking it might have gone down further...ha! on me!...Just looking to buy one more ounce, since I am retired and just want to get my cash out of the bank and into something more solid. Will keep track as always appreciate your invaluable input and perspective.
A year later gold has shot to record territory no rescission yet but gold and silver are reaching record prices, I should have bought more gold when this video was posted.
Thanks for making these videos. I watch them instead of going through the laborious processes of getting to my secured stack but still want to see the shine!
New to stacking and looking to maximize my holdings as quickly as I can. Maybe a dumb Q, but why are the Britannia 1oz coins almost $26 LESS than the Eagles or Buffaloes?
Better places to put your money with higher interest rates. Bottom will be falling out as no way to justify current inflated gold prices for last 10 years
I’ve said this a million times, slow and steady wins the race. Gold won’t make you rich overnight. However it’s all about being patient. Unlike stocks, and bit coin etc. With gold you actually own something. God’s money.
Recession can help gold price, but high interest rates kill gold prices. Right now, an I bond pays 9% interest. Risk free. I have never paid over 1200 an ounce for gold and I'll sit on what I have. For short term trading purposes, I use paper gold. Silver will soon be down below $15, so that's what I'll be buying. I sold a lot of silver at almost $28 a couple of years ago and will be happy to buy it back soon.
Gold has been undervalued for quite some time. It's been overshadowed by stocks and crypto. Both are in major decline. Cash isn't a particularly safe position either due to inflation and savings rates that are almost laughable. Bonds are failing too. Cue Gold, doing what it does best, sheltering wealth during uncertain times...
To defeat inflation, the interest rate must be above the rate of inflation - a 0.75% interest rate hike is not a serious attempt to curtail inflation. In the early 1980's the interest rate went to double digits to defeat inflation. Unfortunately that is not possible today without driving the US into bankruptcy, due to our $30,000,000,000,000 national debt.
I can see $2100 by years end. Now that btc has been exposed for what it really is. I see people looking to just maintain their wealth and saving in something other than fiat.
@@nonyabizz3533 BTC could very well choke on that last laugh. But here's hoping that it does not because if it did a lot of people who put more of their cash into it than they should have will be financially crushed... and that's not good for them or the financial markets.
@@nonyabizz3533 you're right. Mortgage your house , and buy all you can. Hurry. And you're right again on a different comment. Life will be much much harder in 5 years. I sold some gold to add to my farm. It's small but, living is free. Now hurry... go get those ones and zeros.
I think most central banks are still thinking they can get a 40 ton truck under a 12 inch Limbo Pole at the moment, but even that will beyond their wizardry of deception, and don't see a happy ending. After a 2 months hiatus in my Gold buying I just couldn't resist any longer and did a 2 and a half oz purchase with a 1oz Maple, 4 Full Sovereign's and a couple of 1/4 oz Kangaroos, so that means Gold will plummet on Monday and I will regret the purchase till the next Gold rally!! In this upside down world any predictions on PM prices in the coming week let alone 6 months time is becoming a fools errand!!
As we watch Bitcoin crash...and burn,it is very difficult to have empathy for those risk takers that went all in with it.Gold and silver have never been an overnight get rich strategy.Glad I've been positioned for the long game
I've already bought what I want. I wouldnt buy again unless it went wayyyy down. Of course I wouldn't be able to resist. I just have it in case things go nuts.
"I just have it in case things go nuts." Which is seeming to be a better and better idea every week or two. Every time I start to think that things just can't get more weird, they do!
I hear ya, which direction do I want gold to go!!!! Well I got my regular schedule buy on Monday....a Buffalo and then went back on Tuesday for another Buffalo....my wife doesn't need to know about that second one a day later!
I was in a waiting mode....But that darn FOMO (fear of missing out) is punching me really hard...lol..I was investing in alot of non traditional investments..still staying with fractional gold up to 1/2 ounce....Invested some money in some firearms too...mainly those mouse guns or pocket pistols.....The markets will come back..Take Care..Great videos sir ..
also added some more firearms last purchase was eight double barrels from late 1800 to early 1900,some hammer some hammerless,always liked them,who knows if they will be worth more than i paid in the long run but o well
Every additional percentage point of interest the government pays on the national debt costs an additional 300billion to service the debt. I'm thinking we can't do many of those for very long.
What I’m watching is the price of mining stock index compared to gold price. If that ratio widens some more I’m going to sell some paper gold and buy more GDX.
Might be time to off one of the rental properties while values are at apogee and move the resultant cash into: .........? Gold? Cherry pick some of those "beat down for no reason" equities? Love this game! "You are not the boss of gold' So true! Good stuff. TY
Good call on the RE as that does seem to be poised for a lot of the air in that bubble coming out. Hopefully, it won't come out with a BANG! Yes, I could see reinvesting some of that cash in gold, some in equities, and the rest held as cash to invest in both gold and equities a little later on. Not sure what split would be good... maybe 25% in gold, 25% in beaten down stocks with good balance sheets, a decent dividend, and low debt, and the rest held for future buying opportunities. Of course, much depends on the finances of the person doing this but this split would work for me.
Foreign currencies are keeping the dollar strong internationally, so we don't see much change in gold prices. If you're in almost any other currency, your gold price has appreciated rather seriously. If you're in Yen, gold has skyrocketed. Gold is more insurance than investment, and if it's cheap, you can buy more, so don't be in a hurry to see it go up.
Buying gold is not an ingenious idea. Gold is basic survival time. People have been hoarding gold for century's. Make sure you have cash on hand too. Plenty of cash.
I have zero faith in the FED, if it was possible I'd say less than zero. I'm planning a gold purchase soon (I'm scraping together my pennies) because even if it goes down I don't believe for a second that it will stay down. Thanks!
Well... I am in a quandary. While I want more gold, I am currently getting 8%apy on cash in FTX. I am keeping a very VERY close eye on it, at the moment it is beating inflation. When that changes... I will switch it out for gold.
I've purchased a lot of gold and silver the past two months. I'm transitioning back to stacking fiat fed notes for now. I do think gold and silver will increase over the next few weeks....gold at $1950.00-2k and silver at $25+....Once I thought I was wrong, but I was mistaken.
I screwed up, got a call from my lcs about a “sale”. Of course I went to down to see…Had to buy a 1 oz gold round at spot on Tuesday. Now I’m going to wait and see what happens. Got to save up some of that fiat. Every once in a while the stars align.
Glad I got my quarter buy early. It's already worth more while in the mail. I guess the current rule is that any announcement will end badly. Maybe that's a bit too pessimistic but this time it worked for me.
I think Gold will hold up just fine. Silver should not be going down at all, something is up with that. Inflation should be sending silver sky high. Not sure what to think why silver has been held down but I believe it will take a turn up soon.
I picked up a few more eagles on the 13th when spot was $1820. While it did dip a bit lower, I 'm glad that I let caution guide my decision and am pleased. One thing that many years of dealing with stocks has taught me is that you can't hit every BUY at the lowest mark just like you can't hit every SELL at the best price and jumping in buying several more coins at that price would have been rewarding BUT waiting for the next dips when gold drops even lower into the 1700's will be just as rewarding! A little goal I set for myself was to have a tube of eagles by mid summer so have the funds earmarked and am patiently waiting for the next dips. As usual I enjoy watching your videos! Here's to good buys!
Gold being the adult in the room ... YTD ... for DXY even since May 2021 ... the fact that gold was not falling as USD and Rates increase ... that's amazing ... the fact that it almost stayed flat YTD (while all other stuff ex-commodities went down) would be labeled boring by the crowd ... but it means that resilience reflects significant demand for gold and people began to understand that gold is the only thing people will believe in coming times.
Hi, 2. I predict, with absolute certainty, that gold will go up and down in the future. I expect my BU $5 Purple Heart Commemorative in under two weeks. It will go nicely with my 2011 BU $5 Medal of Honor Commemorative. I now have seven ounces in $5 US Commems and one and a half ounces in $10 US Commems. I see gold going into my collection for the foreseeable future. *TYU*
@@2is1gold Most I have bought as they came out from the Mint. I have bought a few as random coin deals from major dealers. Only the last two or three coins from the Mint have not yet exceeded the issue price in just the gold weight at spot price. I plan on holding for the long term, so I expect those coins to also be worth their weight at spot. Slow and steady wins the race. *WINNING*
Just went above 1000oz. Accumulated over many years. I hope my grandkids eventually say “thanks for the roof grandpa”. Or they may say “can you believe that old idiot wasted all that money on soft metal?
I always try to keep gold/silver and gold/silver miners around 5% of my total portfolio. I have been adding to Barrick gold lately in case gold breaks out. Impossible to predict, but like you said gold usually does well in stagflation and recession. Also, I am hoping that all those millennials that lost a fortune in crypto might finally come to their senses and realize that gold is a better store of value than electronic tulips 😁which might create more demand for gold
I don’t think it’s crypto OR gold. Both are assets betting against the government financial system and ideally you’ve got both. Gold is just the safer option as it has proven itself already. Bitcoin is more risky. But whether it is physical or digital, the the market determines the price, you determine the value.
Willing to take anyones advice but I just got into buying gold and silver and I didn’t realize how much gold costs until I looked yesterday and well my jaw dropped which is why I bought silver instead. Anyways my question is should I just stick to buying silver coins? Or should I bite the bullet and buy 1 1oz gold coin? I guess another question I have is is it better to buy silver bars rather than coins? I just don’t know which is better.
If buying just for the bullion, silver rounds, not coins or bars are good. It's the best for just stacking bullion. The Buffalo round imo is probably the best as the premium is lowest and the buyback is good if you need to flip it as it's a pretty popular round. American Silver Eagles are best if you're looking for coins, high premium but easiest coin to sell and you'll get back a good premium as well. When going for gold I would personally stick with the American Gold Eagle, again it's the most widely recognized and easiest to sell. High premiums but it's worth it. Stay away from the graded crap and anything comes in sealed slabs, too many fake crap over the years in those things and the premiums are way too high. On an aside note, personally I like the American Gold and Silver Eagles and believe they are the best to get as each has a resonance (ping) to them when you tap them. This makes spotting fakes easy and will bring you some comfort knowing you have the real deal when purchasing.
While not rising dramatically, gold has been holding its own through a lot of economic uncertainties.
Agreed. It's like the early days Rocky. 🥊
This is the most important part of the whole story
True, but they have suppressed it like hell since what? Late 80's? So it's true value isn't showing because of the paper crap. You take an outfit that has say 100 ounces, they can sell 10,000 in paper gold, maybe more, who actually knows what they've got in their vault. When the economy completely breaks worldwide? I really don't see the rest of the world trusting the US government with the world currency again, do you? Besides we no longer make hardly anything. We get a lot of our military equipment and parts to fix them from China and other countries. AND THAT SHOULD HAVE NEVER BEEN ALLOWED TO HAPPEN, EVER! We are heavily compromised now. Gold and Oil were used to stabilize in the past, now there's nothing. Russia, China, and India are now Allies and anything one doesn't make? The other one does. Worst part of all? We depend heavily on all three for things we no longer make because the companies who used to be here went there, AND THEY HAVE BEEN TAKING US DOLLARS AND BUYING GOLD FOR THE LAST 10-15 YEARS. Nervous yet? If you aren't? You should be, we all should. And the last two presidents have paid 2/3 of the farmers in America to plow under their crops for the last 4 years. Why would our gov purposely create a food shortage? Enough said.
"Gold doesn't care what we think" Words of wisdom.
😄
Good thing precious metals don't listen to politicians or care what governments do.
I’m 24 and started stacking 4 years ago but took a break during the pandemic. Currently at around 50oz of silver then 1.8 oz of gold. I’ve been picking up the pace lately on silver. Also have about 300 pounds of scrap copper and couple hundred pounds of brass I been saving
I'd take half of that and buy gold for the long haul. Things are only going to get worst with govt spending. I think we are on borrowed time as it is.
Nothing to correct you. Copper and brass is good here and may increase 4 fold. Au and ag will maintain its level but probably will not outperform. I prefer platinum here imo.
Slow and steady, continuously! Im stacking copper also, just because i adore that metal.
Starting to accumulate precious metals in your twenties is a smart move, so congratulations. But now you need to get smart about what you’re accumulating. Focus on gold first, silver second (the latter is for speculation). Copper and brass, is a waste of time, space, and effort, so stop it now, just stop. As for gold and silver, if the dollar value of your silver is more than 20% of your total combined gold and silver pool, then you own too much silver. A range of 10%-20% of the dollar value of your precious metals pool in silver is about right. Gold should be your focus, so ignore the silver bugs, as they don’t understand history nor monetary metals. Silver stacking is a silly American obsession, an ignorant hangover of the 1933-1974 era when private gold ownership was effectively outlawed in the US. The more passionate a silver stacker is, the more you need to walk away from them. Silver is gold’s worthy junior partner and sidekick, but in the 2020s, its place is that of a small side holding purely for speculation. But the bedrock of your precious metals pool, now and forever, should and must be gold. Learn this lesson now, and you’ll thank me when you’re in your forties and beyond.
PS: Before you go down that route, platinum and rhodium have never been monetary metals, since their melting points are so high that working them into coins or bars is rather impractical and expensive, and makes it difficult to benefit from their theoretical fungibility. They are precious metals, but in no way are they monetary metals.
@Kelly Harbeson : You’re exactly right.
I believe I should watch a video on "How to survive the current recession" given the state of things. Actually, it's a complete failure. The fact that some people could still earn more than $$$k in a short period of time astounded me. If that's still the case, please explain how.
This recession is most likely the result of an external factor. For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.
One of the primary reasons I utilize a portfolio coach to oversee my daily investing decisions is that their whole skill set is centered on trading long and short at the same time, utilizing profit-oriented techniques and minimizing risk as a hedge against unforeseen events.
@@alexanderjames3043 Due to the significant falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this teacher?
@@waynestones Yeah, I have total faith in a financial advisor who is certified by the US SEC. In fact, I'm not sure whether I'm allowed to disclose this, but I'd suggest checking up "sharon lee casey" because she was a huge issue in 2020. She is my mentor in addition to managing my investments.
@@alexanderjames3043 She has excellent credentials and an outstanding occupation. Hence, I swiftly copied Sharon's whole name and typed it into my browser. I'm curious to discover why she is so busy, and despite the fact that she has unquestionably good credentials, I nevertheless schedule a meeting with her.
Metal are being SOO manipulated now in USD form it is scary. A crash/ collapse is almost impossible to miss now.
It's really hard to say. Fundamentally speaking gold and silver should rise in price during a recession/ depression and all other periods of economic uncertainty etc... Is it a safe haven asset? Yes. Does it protect future buying power? Yes. Does it have a good track history? Yes. It does what it's designed to do. However the gold price is tied to the COMEX valuation. And they say what is the paper value is. They may just continue to keep pressing down the true value of Gold and silver for as long as they can, until they can't do it anymore. But one thing is for certain. I'm so glad that most of my portfolio right now is in physical gold and silver. But I'm also holding onto a good cash reserve. The deals are coming guys. Keep your powder dry!!!
@@YG-fm2wv and soap. soap might be better than cash if the shit hits the fan.
That's what they will do, keep it suppressed as long as possible, but when America's economy completely crashes, that's getting close by the way, A Texas billionaire just bought 50,000 million in gold and silver. Other wealthy people are as well, when rich people start buying gold and silver in those amounts? Time to do like wise.
It's hard for me to save for a 1oz Gold coins, so I purchase 1/10 or 1/4 oz before I blow my money 💰 on foolishness things. Just trying to get 100 pieces of gold
Nice!
Hi, Cal. Long time no see. Good to see you. I now have an ounce in Dos Pesos gold coins. It takes 21 Dos Pesos coins to make an ounce. I have now started on an ounce in Dos y Medios gold coins. It takes 17 Dos y Medios coins to make an ounce. I have also started on my second ounce in Dos Pesos coins. *WINNING*
@@donaldinnewmexico Hey OG it's good to hear from you hope all is well with you and your family 👪 😀
Keep at it my Friend!👍🏼
I relate to this a lot but still building my emergency fund I’m kinda addicted
Those recession blues were starting to hit me post rate-hike, but then I went to the LCS and scored myself a beautiful AU Indian Head Half Eagle. I stare at the lines on the feathers when I'm standing in the sun, and I can't help but lose those blues a bit. A recession's coming...but my gold's here to stay
Good perspective, and those Indian Head Half Eagles are one of my faves. Good pick up! 🤩
I do think it's funny that we always want the price to go up to justify our purchases a little more, but we also dont want it to move so we can keep buying at a good price. Truly a gold stackers paradox🤔
Yup. We all want validation for decisions we made.
@@wantsome-zs5sq there's also the possibility that the price is about to rise and might not be at this level again for a long time.
@@wantsome-zs5sq that's a fair point. Hopefully it will drop before I go in to get my next coin🤠
@@wantsome-zs5sq you said it best... electronic and contract gold. If you buy the derivative forget about it anyway. Either bullion or nada dude. Ps the actual coins command a real price over the fake shit on resale.
Yep. Nailed it.
i caught the price at 1808.. and bought a tenth ounce of gold and 3 maples at SD bullion.. today gold closed at 1857.....good timing ..for once !!!
Nice!
2 is 1 back at it again with another banger.
🤜💥🤛
Long gold buyers should ignore the vagaries of the FED. Just stack slowly but surely over time. Add to the insurance policy.
🤜🤛
Great video brother 💯
I believe that Gold should be at least $2800 An Oz The current price of gold is $1800 - $1850 Gold is at a discount right now …. We should buy as we can
Seems like a good price to me too. Cheers!
Very reasonable price 2800$
who do you sell it to?
@@emilystevens6335 like bitcoin from 0 to 58k
I've been buying gold & silver coins for 15 years. I try to diversify 20% into stocks, 30% into contemporary fine art, 30% in property, 15% into gold & silver coins, 5% other collectibles (antiques, rare books, watches Masonic rarities etc)
Picked up a 1oz Gold Britannia and a couple 1/10 platinum Britannias this week.
Plus 40oz of silver showed up in the mail yesterday. It’s been a good month!
Nice! 🤩
It may pop when recession data is confirmed by end of this month. I used to think silver is as good as gold for stacking but when I realised how much the silver premiums were plus the cost of storing… it changed my mind into a exclusive gold stacking bug
So if I need some quick cash should I sell my silver before I sell my gold? I'm already up on gold and would take a little hit on selling the silver because of the broker's fee.
My grandfather used to say, man plans, god decides.
Wise man.
Yes, He does... and IMO, He also chuckles a bit when He hears our plans.
Ya, Man proposes and God Desposes
Definitely going into the 16s before it goes into the 20s
My take, inflation will put upward pressure on gold. Inflation historically takes years to resolve. Gold will be a good store of value for the future. So, I am buying gold and cost averaging in.
I'd love to pick up a maple but unfortunately that purchase is looking like it will be 6-9 months away and depending how spot price goes it could be a lot longer, these videos are helping to keep me sane until then.
Patience is a virtue!
I like sell offs. Everything is cheaper and you can get more for your $$.
Yep!
Which is exactly what happens in a recession. But to take advantage
of that we have to swim against the tide of investor opinion. But it
can be really sweet when we do and it works for us.
Hoarding cash and preparing for a recession
🤜🤛
You cannot rely on past history anymore.
There's a new sheriff in town.
His name is Debt
The game has definitely changed. Cheers!
@@2is1gold
You know this is a total example of you can't underestimate the power of stupid people in large numbers.
G-7 just banned the buying of Russian gold, when Russia hasn't been selling her gold.
( UK before the act became official.. sold 3 tons of gold they had bought from Russia)
I feel like we're standing on a Hasbro game board
No matter how much gold or silver you have , one thing most people don’t realize yet very soon it won’t be worth dollars anymore .🤔
Keep stacking , it’s not about dollars folks it’s about conservation of your wealth, think of it as insurance 🤝👍
People saying that are the same as the end of the world preachers. No matter how long they are wrong for, they just keep on saying its about to happen.
One day it will happen, in many decades or hundreds of years, but no, its not going to be soon
@@jamess2873 Probably... hopefully.
I agree, gold is not an investment, it is insurance. As an investment it loses value. You buy it at a premium, sell it at a discount, and pay taxes on the price difference between purchase and sale.
@@davidsandy5917 you have to pay taxes on gold in the states? I'm Canadian, my gold dealer said I don't have to pay taxes when I sell my gold. I don't really know though because I've only bought it so far.
I expect a snap correction in gold(sell to cover other loses) then rise quickly, similar to 2008/9.
I feel like that's already been happening.
I think that what people are missing over everything as far as Gold and Silver go is that sometimes it's enough for the precious metals to hold their own or move slowly in the direction opposite of Fiat by which i mean Gold and Silver are holding their value during this turbulence but the long term trend is still in tact. If you were holding Gold 2.0 (Crypto) you have gotten POUNDED and it hasn't held up at all and it certainly is no store of value. In circumstances like todays and for the short and intermediate term if my value holds up then i am winning because everything...EVERYTHING else is going down, that's called a win.
I don’t want to to explode in price until I’ve bought a lot more.
I'm with you there! (🐢)
All the information we need from the one man thanks.
🤜🤛
When’s best to buy physical gold if the recession is coming?
+1
I’m still stacking 1/4oz coins & 5g & 10g carded pieces. With most of my weekly cash going into several different “investments”, there’s not enough to go around for a full oz. I also believe 2022 will produce a recession if we aren’t already in one.
i added 5kg to my silver stack this month
I haven't been following the gold and silver price for a long time but, given the unabating twin tsunamis of wild optimism and dark pessimism about gold/silver forecasts, I've noticed the most trusted forecast is that last week's ride is the most stable predictor of next week's position. Apart from that, there's only divination!
Crystal balls and magic 8-balls! 🔮🎱
@@2is1gold Yep! So, with due regard to my comment above (and without hyperbolic adjectives!), I'd say both gold and silver are currently undervalued and should rise. Let's see their respective positions next week!
Glad to hear you moved on the $1810 price, I had a gut feeling but sat on the sideline thinking it might have gone down further...ha! on me!...Just looking to buy one more ounce, since I am retired and just want to get my cash out of the bank and into something more solid. Will keep track as always appreciate your invaluable input and perspective.
We'll get another shot at it. Cheers!
Yeah, it happened to me as well... Perhaps next month when Powell increases the interest again...
@@tronziebit Yep, same here. I was thinking that if gold dropped below $1800 an oz., it
just might seek out its next support level around $1760 or so.
@@2is1gold grabbed a Maple for $1910, $100 over spot. What's the premium where you are at?
“Sometimes I forget which direction we want it to go.” Lol. Classic and SPOT on. Thanks
😄
FED always hikes into a recession. Higher rates = slower economy = lower market = safe haven = gold.
It's just math. 😄
Love that bucking horse gold coin. I might buy one depending on the price and availability. I am always a day late and a dollar short.
Waste of money
Advise on gold, Gold is gold, spend as least amount of money as possible, forget about the fancy High price gold coins.
Rising rates means more hypothecated credit money, hence more inflation and not less.
A year later gold has shot to record territory no rescission yet but gold and silver are reaching record prices, I should have bought more gold when this video was posted.
Thanks for making these videos. I watch them instead of going through the laborious processes of getting to my secured stack but still want to see the shine!
New to stacking and looking to maximize my holdings as quickly as I can. Maybe a dumb Q, but why are the Britannia 1oz coins almost $26 LESS than the Eagles or Buffaloes?
Buy .9999 constitutional gold or silver from the country you intend to live in.
@@daveditchdigger2111 Why not buy it for much less for example from Uganda or Kenia or some african country?
Better places to put your money with higher interest rates. Bottom will be falling out as no way to justify current inflated gold prices for last 10 years
I’ve said this a million times, slow and steady wins the race. Gold won’t make you rich overnight. However it’s all about being patient. Unlike stocks, and bit coin etc. With gold you actually own something. God’s money.
Yep.
Recession can help gold price, but high interest rates kill gold prices. Right now, an I bond pays 9% interest. Risk free. I have never paid over 1200 an ounce for gold and I'll sit on what I have. For short term trading purposes, I use paper gold. Silver will soon be down below $15, so that's what I'll be buying. I sold a lot of silver at almost $28 a couple of years ago and will be happy to buy it back soon.
Gold has been undervalued for quite some time. It's been overshadowed by stocks and crypto. Both are in major decline. Cash isn't a particularly safe position either due to inflation and savings rates that are almost laughable. Bonds are failing too. Cue Gold, doing what it does best, sheltering wealth during uncertain times...
Yep, the quiet asset.
Life is madness, nothing makes sense now because it never did in the first place.
I’m just along for the ride.
Also KRUGERS are pretty
Nothing makes sense except red gold!
I've known the value of gold since the year 2001 just keep buying and keep stacking it never can hurt you
Yeah, you can find bad times to sell, but you have to work at it.
gold is v expensive now compared to 5 months ago so idk whether to buy now or wait
It's about $25 above this year's low, $25 below this year's high if you're looking in USD.
To defeat inflation, the interest rate must be above the rate of inflation - a 0.75% interest rate hike is not a serious attempt to curtail inflation. In the early 1980's the interest rate went to double digits to defeat inflation. Unfortunately that is not possible today without driving the US into bankruptcy, due to our $30,000,000,000,000 national debt.
I can see $2100 by years end. Now that btc has been exposed for what it really is. I see people looking to just maintain their wealth and saving in something other than fiat.
Seems like a reasonable number. Cheers!
@@2is1gold of course $50,000 an ounce wouldn't break my heart.... it'd just stop it. Cheers.
Bitcoin will have the last laugh. Its just going thru a cycle. Next high will be 100k
@@nonyabizz3533 BTC could very well choke on that last laugh. But here's hoping that it does
not because if it did a lot of people who put more of their cash into it than they should have
will be financially crushed... and that's not good for them or the financial markets.
@@nonyabizz3533 you're right. Mortgage your house , and buy all you can. Hurry. And you're right again on a different comment. Life will be much much harder in 5 years. I sold some gold to add to my farm. It's small but, living is free. Now hurry... go get those ones and zeros.
I think most central banks are still thinking they can get a 40 ton truck under a 12 inch Limbo Pole at the moment, but even that will beyond their wizardry of deception, and don't see a happy ending. After a 2 months hiatus in my Gold buying I just couldn't resist any longer and did a 2 and a half oz purchase with a 1oz Maple, 4 Full Sovereign's and a couple of 1/4 oz Kangaroos, so that means Gold will plummet on Monday and I will regret the purchase till the next Gold rally!! In this upside down world any predictions on PM prices in the coming week let alone 6 months time is becoming a fools errand!!
As we watch Bitcoin crash...and burn,it is very difficult to have empathy for those risk takers that went all in with it.Gold and silver have never been an overnight get rich strategy.Glad I've been positioned for the long game
Both Bitcoin and Gold have merit. The U.S. Dollar has lost 99% of its value priced in Bitcoin since 2013.
You stil think now is a good time to buy or is it already up to high
My guess is that prices will drop next week. Cheers!
Does anyone ever regret buying PM’s over the long term? Never stop buying.
I've already bought what I want. I wouldnt buy again unless it went wayyyy down. Of course I wouldn't be able to resist. I just have it in case things go nuts.
"I just have it in case things go nuts."
Which is seeming to be a better and better idea every week or two.
Every time I start to think that things just can't get more weird, they do!
kinda thinking the same thing i have around 100 oz so maybe thats enough, who knows anymore
Yeah, there are a lot of 'nuts' scenarios that don't seem so 'nuts' these days!
What did you grab?
You'll have to wait and see, my friend! 😅 Have a guess?
@@2is1gold 2013 Reverse Proof 70 American gold buffalo 1 oz 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
Great video!
Thanks!
Usually rises after a recession.
I hear ya, which direction do I want gold to go!!!! Well I got my regular schedule buy on Monday....a Buffalo and then went back on Tuesday for another Buffalo....my wife doesn't need to know about that second one a day later!
I was in a waiting mode....But that darn FOMO (fear of missing out) is punching me really hard...lol..I was investing in alot of non traditional investments..still staying with fractional gold up to 1/2 ounce....Invested some money in some firearms too...mainly those mouse guns or pocket pistols.....The markets will come back..Take Care..Great videos sir
..
Thanks!
also added some more firearms last purchase was eight double barrels from late 1800 to early 1900,some hammer some hammerless,always liked them,who knows if they will be worth more than i paid in the long run but o well
@@timberhills1778 That's great...I look at it as a fun investment that can be used..for shooting as well...lol....Take Care..
Great stuff!
🤜🤛
Every additional percentage point of interest the government pays on the national debt costs an additional 300billion to service the debt. I'm thinking we can't do many of those for very long.
I think we'll see higher prices too. I know gold doesn't care what I think. But, I care enough about gold to want to buy more. :)
Ha! I’m with you, Sal!
I'm still buying, dollar cost averaging WTF.
It’s jumping up my friend
Sure is. Clawing its way up at least.
Thanks again
🤜🤛
What I’m watching is the price of mining stock index compared to gold price. If that ratio widens some more I’m going to sell some paper gold and buy more GDX.
Nice looking knife. Great video.
Don't Mistake Your Silver for Gold, Central Banks Don't.
Might be time to off one of the rental properties while values are at apogee and move the resultant cash into: .........? Gold? Cherry pick some of those "beat down for no reason" equities? Love this game! "You are not the boss of gold' So true! Good stuff. TY
I may or may not have just done something similar. (Didn't move anything into gold, though.) Cheers!
Good call on the RE as that does seem to be poised for a lot of the air in that bubble coming out.
Hopefully, it won't come out with a BANG! Yes, I could see reinvesting some of that cash in gold,
some in equities, and the rest held as cash to invest in both gold and equities a little later on. Not
sure what split would be good... maybe 25% in gold, 25% in beaten down stocks with good balance
sheets, a decent dividend, and low debt, and the rest held for future buying opportunities. Of
course, much depends on the finances of the person doing this but this split would work for me.
Are gold coins still. 999 gold? I mean what's the purity of those coins?
Foreign currencies are keeping the dollar strong internationally, so we don't see much change in gold prices. If you're in almost any other currency, your gold price has appreciated rather seriously. If you're in Yen, gold has skyrocketed. Gold is more insurance than investment, and if it's cheap, you can buy more, so don't be in a hurry to see it go up.
Buying gold is not an ingenious idea. Gold is basic survival time. People have been hoarding gold for century's. Make sure you have cash on hand too. Plenty of cash.
Very true.
I have zero faith in the FED, if it was possible I'd say less than zero. I'm planning a gold purchase soon (I'm scraping together my pennies) because even if it goes down I don't believe for a second that it will stay down. Thanks!
Good luck!
How you gonna feel in a year when gold is under 1300$ an ounce?
Like I'm getting gold at a giant discount?
Platinum is 2 times heavy but like silver weight is nothing
all assets will crash with the market if thats what ends up happening. But gold will rebound to highs shortly after
Well... I am in a quandary. While I want more gold, I am currently getting 8%apy on cash in FTX. I am keeping a very VERY close eye on it, at the moment it is beating inflation. When that changes... I will switch it out for gold.
I've purchased a lot of gold and silver the past two months. I'm transitioning back to stacking fiat fed notes for now. I do think gold and silver will increase over the next few weeks....gold at $1950.00-2k and silver at $25+....Once I thought I was wrong, but I was mistaken.
Me, too. I'm going to stack dollars for at least the next few months.
It's always good to have cash available. Cheers!
"Once I thought I was wrong, but I was mistaken."
Classic! lol
Exactly the same here. Finally realized that we need some fiat around, too… for the inevitable government-mandated “bank holidays.”
I don't see the banks running out of cash.
I screwed up, got a call from my lcs about a “sale”. Of course I went to down to see…Had to buy a 1 oz gold round at spot on Tuesday. Now I’m going to wait and see what happens. Got to save up some of that fiat. Every once in a while the stars align.
Glad I got my quarter buy early. It's already worth more while in the mail. I guess the current rule is that any announcement will end badly. Maybe that's a bit too pessimistic but this time it worked for me.
It's not a bad rule. Every time Powell pops up, gold seems to go higher. 😄
Do you have a knife channel? Great video, thanks!
The numbers just seem like they don't mean nothing anymore they looking down the road. To see how far they can kick the can good looking out thanks
I think Gold will hold up just fine. Silver should not be going down at all, something is up with that. Inflation should be sending silver sky high. Not sure what to think why silver has been held down but I believe it will take a turn up soon.
I picked up a few more eagles on the 13th when spot was $1820. While it did dip a bit lower, I 'm glad that I let caution guide my decision and am pleased. One thing that many years of dealing with stocks has taught me is that you can't hit every BUY at the lowest mark just like you can't hit every SELL at the best price and jumping in buying several more coins at that price would have been rewarding BUT waiting for the next dips when gold drops even lower into the 1700's will be just as rewarding! A little goal I set for myself was to have a tube of eagles by mid summer so have the funds earmarked and am patiently waiting for the next dips. As usual I enjoy watching your videos! Here's to good buys!
To good buys! 🍻
Gold sounds a lot like my younger brother, no one is the boss of him either 😬
Ha!
I have one of those too. Had to cut him loose about 20 years
ago or go completely crazy putting up with all of his nonsense.
I don't see gold going much over $1,900 this year. If it does, I think it will happen in October.
🤜🤛
I can’t put my Eagle proof in my mint tube either 😂🤣🤣
What is the best place to buy gold for a new investor with maybe 10k to invest?
Love that opening statement - I forget which way we want the price to go!…🤪
Gold being the adult in the room ... YTD ... for DXY even since May 2021 ... the fact that gold was not falling as USD and Rates increase ... that's amazing ... the fact that it almost stayed flat YTD (while all other stuff ex-commodities went down) would be labeled boring by the crowd ... but it means that resilience reflects significant demand for gold and people began to understand that gold is the only thing people will believe in coming times.
What is the new coin you bought?
I grabbed a 2020 Lunar Year of the Rat (Mouse) and a 2009 UHR Double Eagle. 🤩🤩
Hi, 2. I predict, with absolute certainty, that gold will go up and down in the future. I expect my BU $5 Purple Heart Commemorative in under two weeks. It will go nicely with my 2011 BU $5 Medal of Honor Commemorative. I now have seven ounces in $5 US Commems and one and a half ounces in $10 US Commems. I see gold going into my collection for the foreseeable future. *TYU*
Fun stuff. Are you buying commems as you come across them or picking and choosing (online)?
@@2is1gold Most I have bought as they came out from the Mint. I have bought a few as random coin deals from major dealers. Only the last two or three coins from the Mint have not yet exceeded the issue price in just the gold weight at spot price. I plan on holding for the long term, so I expect those coins to also be worth their weight at spot. Slow and steady wins the race. *WINNING*
@@donaldinnewmexico Hi cousin!
Recessions are the reason we buy gold in the first place. Stay the course.
I dont buy gold, I save in gold! I hold gold to perserve my wealth not to create it!
Just went above 1000oz. Accumulated over many years. I hope my grandkids eventually say “thanks for the roof grandpa”. Or they may say “can you believe that old idiot wasted all that money on soft metal?
That's fantastic! I think they'll go with the former rather than the later. 🥃
That’s awesome 👏.
Where do you live?
@@maddexxx847 1600 Pennsylvania Ave, at the gate just ask to see the old codger
1,743 gold at the moment 4/10/22
I quit buying gold Friday found out Monday I am addicted to Ambein and Gold.
I always try to keep gold/silver and gold/silver miners around 5% of my total portfolio. I have been adding to Barrick gold lately in case gold breaks out. Impossible to predict, but like you said gold usually does well in stagflation and recession. Also, I am hoping that all those millennials that lost a fortune in crypto might finally come to their senses and realize that gold is a better store of value than electronic tulips 😁which might create more demand for gold
only 5%? Why so low? 20+% seems like a better bet.
Makes sense. 🤜🤛
You're a crazy man, though, Xeph!
I don’t think it’s crypto OR gold. Both are assets betting against the government financial system and ideally you’ve got both. Gold is just the safer option as it has proven itself already. Bitcoin is more risky.
But whether it is physical or digital, the the market determines the price, you determine the value.
I'm glad you put those coins in capsules.
That makes perfect sense for 24k gold bullion coins
and, of course, for all of those lovely proof coins.
Hi Love Button 🕺
@@calvincooper1122 Hey Cal.
If you saw the pain and effort involved in getting these things in and out of capsules, I think you'd feel for me, LB. 😄
I am buying and waiting
🤜🤛
Willing to take anyones advice but I just got into buying gold and silver and I didn’t realize how much gold costs until I looked yesterday and well my jaw dropped which is why I bought silver instead. Anyways my question is should I just stick to buying silver coins? Or should I bite the bullet and buy 1 1oz gold coin? I guess another question I have is is it better to buy silver bars rather than coins? I just don’t know which is better.
If buying just for the bullion, silver rounds, not coins or bars are good. It's the best for just stacking bullion. The Buffalo round imo is probably the best as the premium is lowest and the buyback is good if you need to flip it as it's a pretty popular round. American Silver Eagles are best if you're looking for coins, high premium but easiest coin to sell and you'll get back a good premium as well.
When going for gold I would personally stick with the American Gold Eagle, again it's the most widely recognized and easiest to sell. High premiums but it's worth it. Stay away from the graded crap and anything comes in sealed slabs, too many fake crap over the years in those things and the premiums are way too high.
On an aside note, personally I like the American Gold and Silver Eagles and believe they are the best to get as each has a resonance (ping) to them when you tap them. This makes spotting fakes easy and will bring you some comfort knowing you have the real deal when purchasing.