You're not kidding, I found out I could stack silver January 8th 2022 and so far I've got 131 Troy oz's, going to get 2 more OZ's just as soon as my LCS opens this morning...
Additive indeed, but I can think of worse things to be addicted to. Funny, I don’t think I’ve seen any TH-cam channel do a video on how addictive stacking can be. Maybe we are all in denial. 🥴
I always enjoy seeing you moving the gold coins around, but I truly love the rational perspective you bring. Between market fluctuations, good news/bad news/fake news and all sorts of fear mongering on (scoff)social media, it’s nice to hear a balanced view. We always enjoy your videos! Best wishes to all here!
Indeed so, Michael. This is what one could call "the voice of reason", as opposed to the many voices of flat out hysteria. I've yet to find any situation wherein hysteria was preferred to well reasoned ideas.
I’ve learned to just buy dips if I can, hold for the long term, and hold enough cash aside to not be bothered by any gold price drops. This way I pay little attention price changes other than deciding when best to buy more
Good planning, Steve. I'm pretty much doing the same thing. Over the years that I have been stacking, I have gone from worrying about prices to worrying if I have enough ounces. I think that's a better way to look at one's holdings because at some point in the nebulous future, I'm pretty sure that the number of ounces of gold and silver that one holds will be more important than what they paid to acquire them.
New stacker here, curious why no one talks about platinum. Judging from the prices over time it seems to have been left behind. Too volatile maybe for the price. I'd be interested in understanding platinum more, in comparison to gold and silver. Love the channel!
I literally bought all my gold 22 years ago because that's when I had money, and at around $250/oz it seemed like a good idea because it had already reached $1000 a few years earlier. Ever since, I'm been afraid to buy because it seemed so high!
I envy your position. I’m 22 years of age and I’ve just now reached the point where I have access fiat currency that I want to protect…. And gold is 4x what it was when I was born…. I just buy an ounce every year and stack constitutional with my spare cash. I wish I had a time machine… I’d have spent all my grass cutting money at 13 on gold.
In it to win it, lol just a VERY fun way to save money and keep its value...I have literally dozens of different interests and hobbies but what's better than having fun saving money...
Wasn't able to capitalize on the full extent of this recent dip but I did get close for my first gold purchase. Really enjoy your channel and insight. I'm in for the long haul. Just starting my stack, actually have purchased a fair amount of silver with the gold silver ratio being so high right now. Can't wait to get my first 2 buffalo's...
I’m always weary of the “it’s about to triple its value” videos that are out there. Feels like they are made by used car salesmen. I’m in for the long haul and in the mean time built up a great savings because of PMs. As always great video!
@@BillyBob-fh5he Somehow, I don't think that his record of achievement in life is worthy of emulation. I'm sure that most stackers and collectors on this channel have done better than Bix has done because a lot of guys like him seem to be all talk and little to no action.
I reckon we can only speculate how silver and gold will perform going forward, but either way, we can be pretty confident (with what we know now) that it will out perform the dollar. Therefore, savings in metals seems to make better sense, and it also provides a place to park your earnings outside of the undesirable system, and in your hands.
Well said, Tommy. This is exactly why I stack silver and gold. It's not about the hoopla and hysteria, it's about the math associated with the US$. Our currency has been terrible abused by those who have the power to do so but not the wit to understand the implications of their actions. Because of this, having a significant chunk of one's wealth in PMs held outside the current system seems prudent. It's also less convenient than other forms of savings, which means that it tends to stay saved and not spent. I like that feature a lot. As an inflation hedge, PMs are pretty good at that too, especially for those of us who use DCA to systemize our buys and perhaps adjust the amount we are buying upwards when prices dip and reduce them a bit when they are down. Over time, this results in a very nice stack at a reasonable price and it removes the concern over prices that some have I call this "price paralysis", because those who have it have a hard time buying any PMs because they are always watching for "the best price" or buying at "just the right time". For me, the right price is less relevant to my buying than it seems to be for others and the right time is whenever I have some extra cash that I won't be needing for a while. 🙂
@@andrekeulemans473 the fact that it came from God is all I need to know. I prefer the ol fashion plain Jane way of things, holding it in my hands. You can not beat the feeling of holding the weight and seeing the color. It just feels like quality.
Simply as a WEALTH preservation tool. One of the best I have found over time; I repeat, over time! Never got into owning gold as quick path to riches. As you regularly suggest ... disciplined and steady. The future will continue to tell that story just as history is telling it now! Perhaps even more loudly.
I stack gold to not lose money. If I even gain money (above inflation rate), the better. Let’s see how far I got by the time when I retire. Plus, stacking gold and silver is by far the most pleasant and rewarding form of saving for me.
Silver and gold shouldn't be purchased in order to attempt to make a quick profit. It's a long term investment in order to perseve your wealth. You can also use it as a collateral knowing that some companies allow you to borrow against your precious metals. Or if you're really in a pinch easily liquidate it because PMs are easy to sell. As you can see Silver and gold are a versatile investment if you know how use your precious metals the right way.
While some sort of windfall from gold or silver would be nice, it's not necessary to justify owning some PMs. PMs do other things for us, such as be an inflation hedge, a long term savings plan, and wealth insurance in a crazy world with fragile financial and economic systems seemingly the rule rather than the exception. But who knows the future? No one. Best we can do is to spot long tern trends early on and then position ourselves accordingly.
First gold purchase for me was november of 2012 when my first son was born. $1800 for a 1 ounce eagle, felt like 100k. I never stopped buying after that though. I wish i would of started in 2000 but...i was 8 years old haha
Appreciate your vids. I recently made my first Au & Ag purchases. Plan is to buy and hold long term. I figure it's better than my cash being in a savings account.
I’ve bought a little silver and gold for over 25 years, and I’ve never sold any. I don’t do it to make a quick buck, I do it because I like it, and I like to think it stores a little wealth, for my kids and maybe for retirement. I agree with your insight 2is1!
I'm in it because of your videos. You were the first person I heard who presented a sane and reasonable reason to buy gold. Oh yeah, and I got a 1/4 Perth lunar tiger on that drop. :)
Buy gold is based on how many grams/oz it will hold it values across the years.. Fiat money 1 USD in year 2001, would not have same "power" in 2021. But 1 gram of gold will still be 1 grams. (Across which year the best price hold).. 2001 to 2021.. you can sell any years coming you prefer. But you could not buy same 1g of year 2001. Focus on how many grams /oz you can keep.
When it dropped below $1900 I finally pulled the trigger on that 2022 Perth mint myths and legends dragon. You and clean money had me salivating over that one.
Gold and silver don't have inflation. They are the standard. The rise in price just shows how the dollar is devalued. And bitcoin can be manipulated by the fed, or so they claim. Bitcoin can crash.
Since 2005 I have been buying gold and silver for practical reasons. (I have made some mistakes along the way too.) I buy on the dip, when I can. Understanding the dynamics of the precious metals market, along with the dynamics of dollar products and derivatives, i.e., paper markets, allows me to sleep at night. Being an investor requires knowledge and patience, which is a must!! I continue to do my best to follow these principles. No regrets!! ------ PS, good channel!
At 67 and still recovering from serious illness (?), I know I won't live forever but I have collected a little bit of gold tor my family, so whether it goes up in value or down in the short term they benefit. Saving money in a bank these days is like throwing money away. Another useful video. Thanks.
@@2is1gold Cheers. I can't complain. I spent a fortune on golden liquids, golden women and golden times in golden bars. I would have carried on but my liver issued an ultimatum. Your videos kept me going. So thanks again 😄
Regular monthly buyer (purchases vary with premium or a sale) waiting 20 years; hedging, extra retirement, vacations, or hard times....our economy is on a 3 hour tour with Gilligan at the wheel and no ginger or Maryann at the island. I used a percentage of revenue and cash saved (debts paid, with a few years left on house) for buying and I look at metals like purchasing 'small' property without the land taxes and insurance. I can see how people get excited with hikes, but my collecting is long term....watching premiums and getting deals/sales when buying is the fun part. I could be doing worse with my play money
I had started collecting back in 2020 and gold was $200 oz. I still have the receipts from then and how much a coin value has gone up. I had to sell all gold and silver for certain reasons. Sold gold at $1250 oz. Started collecting again, then Home robbery. Started again ! Addicting stuff, this gold thing ! 🙂
Wow, thank you for this down to earth, straight up, look at gold and silver prices. I am so sick of seeing videos telling me silver is going to go up 10x this year. I'm an old retired guy with too much fiat currency in my savings account. Instead of watching it lose value to inflation I purchase gold and silver to preserve my wealth for my kids and grandkids. Peace out.
Metals are how I save. It is good for me as I can be ... stupid with cash. Also, I feel safer knowing I hold it rather than the banking system. To each his/her own.
I bought gold from 1984 to 2001 and from late 2013 to 2021, with 1.125oz in 2022. My inflation adjusted increase is 45.59%. That is all my costs were adjusted to 2022 dollars using CPI data and assuming that all the coins would be sold for melt. The best year's purchase was in 2001, which has gone up a real 315.09% followed by 2000, 1998 and 1997. The worst years purchase is 2022, which has gone down 14.44%. I had bought gold from 1969 through the 70's, but sold it all in 1980 for a substantial but unrecorded profit. I have never been able to beat inflation with bank deposits as taxes always take away any inflation adjusted profits. With silver, similar calculations leave me down 9.79%. Again assuming selling for melt. The current catalogue value is up 156% over my adjusted costs. However it is rare to impossible to get catalogue when disposing of a collection.
That’s great that you know specifically. I’d have a hard time saying exactly where I’m at. I’m sure if I sell, though, I’ll be about even. 😉 Hope you’re doing well, Météo!
Cash for gold always seems like a good trade to me. The USD index keeps gaining ground amidst all of this money printing, The bigger they are, the harder they fall-
The thing about the US$ gaining ground is that it is compared to a basket of other fiat currencies. This brings up the analogies of "cleanest shirt in the hamper" and "best horse in the glue factory". Being in 1st place among a group of lousy currencies is not much of a win, IMO. But if we ever get to the point where currencies once again become revalued against gold, we will see where the bear **** in the buckwheat, as they say. At that point, ALL fiat currencies will be exposed by the truth that they really aren't worth much but gold, and its little sister silver, are things of real value and worth. I fully expect a similar washout in the cryptos with fewer than 4 or 5 survivors. BTC and ETH seem like strong contenders but as to the rest, who knows? The coming of Fed digital money seems likely to put some severe constraints on the cryptos but we will have to see how that shakes out in the next year or two. All we know at this point is that neither the US Gov nor the Fed allow competing paper currencies or share power with others very well and the ability to create money of any kind confers enormous power on those who can do it. That kind of power is very addicting and difficult to give up for those who have it.
I think the reason people buy gold and silver now is to resale it on eBay for way over market value and people actually buy it. I am guilty of doing it myself. Buy from a mint if anything at all.
I bought Last week and I am down, but as you correctly said I lost nothing because I have not sold yet and do not intend too, I am in silver for my Grandkids. A dollar bill can go to zero silver and gold cannot.
The unfortunate thing about buying gold and silver for me is this. When it starts to go down I tend not to buy because I’m thinking “how far down is it going to go?” I’ll wait… Then when it starts going up I think “oh, it’s going up, I better buy some”. Then after I do buy some, of course it goes back down again. I’m not good at this. But… at least I’m not planning on selling. I’ll hold it long term, and I think I’ll probably be ok in the end.
may i ask if you know anything regarding offshore gold storage. you are not required to tell IRS about it. However, do you need to report it as part of your estate when you pass it down to the next generation? thank u
It all comes back to the Silver quarter.... 25¢ in 1964 silver would buy you a gallon of gas. Today a silver quarter runs about. $4.75... about the average price of a gallon of gas.
@@2is1gold thanks man… just to think that one day in the future gold will be 10k an oz!! I learned a long time ago to stop buying bull crap… clubbing, alcohol, and lots of unnecessary things! Stacking my gold baby!
Awesome channel brother. I wouldn't say I'm a new stacker, I bought 10 goldbacks and 2x1/10oz AGEs but watching your content has allowed me to formulate a much better 7 year and 20 year plans to help me accumulate. I appreciate your work.
I purchased gold until it hit 1555.00 then I stopped. If I had not been dooped into buying collectables and paying a huge premium I would have made a much bigger profit by now
Thanks for another "smart" video. I have been stacking for years with the thought of retirement in mind. For years I have had friends and family tell me that I was crazy to buy gold and silver, well they are not saying that now. Anytime someone comes up to me to talk PM's I take them to a historical chart going back to 70"s to show them the ups and downs of the metals., explaining to them that they have to hold it for some time. Gold is not a panacea for all things but having some does feel good, and yes going forward the prices especially now will be going up so now I look like a genius. Maybe you should fill that empty shot glass with some Johnny Black or Blue.....
You left out from your presentation that you also have to factor in premiums and potentially taxes when you purchased particularly if the product has numismatic value.
I think collecting gold should come with a warning about GOLD FEVER! So easy to hold that first piece of gold and start drooling. Then your eyes start spinning and your tong is hanging out the side of your mouth. Your hooked! I know, it happened to me. No regrets!
A co worker and friend of mine ,told me he got wiped out in a recent divorce.Knowing the marriage had been rocky for a long period.I then said if you would of had some gold privately put a way you wouldn't be starting all over at his older age. Gold and silver are the only private hard assets left. Keep stacking for any emergency.
It's funny you say that. I don't make videos but I actually did buy gold and silver 20 years ago. I was also buying ten years ago (though I put the brakes on with silver at $30 an ounce and gold at $1700) so it all works out in the end. I don't expect to see a 6 or 7 times return again but with these inflation numbers I do expect to see growth as time goes on. Thanks!
I would hold off on buying gold because I think it will go lower around 1750. Good job your video’s I’m a big fan, keep up good work bravo Zulu! Do you know when the mint is going to release the Morgan proofs? Wonder why the mint doesn’t make a Morgan 24k proof I bet that would sell.
I put fiat into my 401k, solely because it reduces my taxes. I invest in real estate to increase my net worth and that's my retirement plan. I buy PMs because it's an addiction and I can't help myself. Though I am up on PMs, for now.
There are some very sound reasons behind buying PMs, especially in moderation. As a long-time investor, I just cringe when some investing newbie crows about being "all in" with ANY asset or asset class. That's very often a serious error for an investor. This is usually compounded by not having any kind of plan for selling that asset. One only ever profits from an investment or asset holding via selling some or all of it. PMs, like most other assets, do go through price cycles, so selling when it is near or at a high and then buying it back when it is at or near a low is simply good business and it can seriously increase one's holdings. Never ever fall in love with an asset. They are just things and things can be bought and sold as its owner wishes.
@@edb3877 Good advice. I buy PMs for various reasons. I have my "responsible" PMs, that I will trade at some point for other assets when the timing is right. I also have PMs that most LCS dealers laugh at, but I like them. So I buy them anyway and have no real exit strategy except to give them to the kids one day. :)
@@randyrandall2148 No problem, Randy. Leaving them to your kids qualifies as an exit strategy to me. I'll probably be doing some of that too one of these days. Buying what you like is fun that's a decision that only you can make. I got some SilverTowne 5-oz. bars for that very reason. They simply appealed to me at the time. Should be good for trading material at some point.
I got in it to preserve wealth and have a portion of my money not in a fiat currency, but still physical and tangible. I stopped buying though. At least for now. I have a good portion of my net worth in it. It was the kind of thing I needed to stabilize or give foundation for my finances. I sleep very peacefully every night.
I collect /stack both , but silver is a drain on gold... but I started a date run on the year my Son was born , so it's all his ... but thinking of what I paid in 2007 , it's hard to stomach the price of a gold coin now.. I'm not planning to sell or have it buried with me , but the plan is just to purchase a little bit each year , some for my Son and some for the SHTF situations ..
I'm between beauty and savings. Beautiful savings! It feels oddly comforting knowing that fiat bills come up and down, credit cards rise and fall, but your hard-asset savings account is just there, a year or more solidly locked in.
Do you still recommend simply buying on a set schedule regardless of price? (Obviously outlandish prices should be avoided) I am starting to stack, just got an oz of gold and a few oz of silver, and I plan on purchasing a certain amount each month. Should I skip a month if the price is high? Or right now do you still believe it will all even out by the end?
@@2is1gold Yes, same here, only for me it is quarterly because of the structure of my finances. I also set limits on how high I am willing to buy. When silver got to $35 an oz. in 2011, for example, I quit buying silver and simply built my cash pile in the hope that prices would fall and some bargains could be had later on... which is exactly what happened. I did not sell any silver back then because I wanted to hold some silver and my stack was pretty small back then. When silver dropped to $20 an oz., I started buying and kept buying down to $15 an oz. That made for a nice stack that was heavily biased towards the lower end of the price range between 2011 and 2019 when my silver stack was complete and I switched to buying gold in the same way.
They don’t tell you how addictive stacking it is!
True. 😄
my number 1 hobby 4 sure… helps me sleep better at night
Funny you said that because I just started a few months ago and it's all I think about. Lol!
You're not kidding, I found out I could stack silver January 8th 2022 and so far I've got 131 Troy oz's, going to get 2 more OZ's just as soon as my LCS opens this morning...
Additive indeed, but I can think of worse things to be addicted to.
Funny, I don’t think I’ve seen any TH-cam channel do a video on how addictive stacking can be.
Maybe we are all in denial. 🥴
I always enjoy seeing you moving the gold coins around, but I truly love the rational perspective you bring. Between market fluctuations, good news/bad news/fake news and all sorts of fear mongering on (scoff)social media, it’s nice to hear a balanced view. We always enjoy your videos! Best wishes to all here!
Thanks, Michael! I appreciate that!
Indeed so, Michael. This is what one could call "the voice of reason", as opposed to the many voices
of flat out hysteria. I've yet to find any situation wherein hysteria was preferred to well reasoned ideas.
I’ve learned to just buy dips if I can, hold for the long term, and hold enough cash aside to not be bothered by any gold price drops. This way I pay little attention price changes other than deciding when best to buy more
That's a great way to operate. Cheers!
Good planning, Steve. I'm pretty much doing the same thing. Over the years that I have been stacking,
I have gone from worrying about prices to worrying if I have enough ounces. I think that's a better way
to look at one's holdings because at some point in the nebulous future, I'm pretty sure that the number
of ounces of gold and silver that one holds will be more important than what they paid to acquire them.
New stacker here, curious why no one talks about platinum. Judging from the prices over time it seems to have been left behind. Too volatile maybe for the price. I'd be interested in understanding platinum more, in comparison to gold and silver. Love the channel!
I literally bought all my gold 22 years ago because that's when I had money, and at around $250/oz it seemed like a good idea because it had already reached $1000 a few years earlier. Ever since, I'm been afraid to buy because it seemed so high!
Nice!
I envy your position. I’m 22 years of age and I’ve just now reached the point where I have access fiat currency that I want to protect…. And gold is 4x what it was when I was born…. I just buy an ounce every year and stack constitutional with my spare cash. I wish I had a time machine… I’d have spent all my grass cutting money at 13 on gold.
@@PTS156 probably would do better buying blue chip stocks and reinvest dividends.
In it to win it, lol just a VERY fun way to save money and keep its value...I have literally dozens of different interests and hobbies but what's better than having fun saving money...
Exactly!
Wasn't able to capitalize on the full extent of this recent dip but I did get close for my first gold purchase. Really enjoy your channel and insight. I'm in for the long haul. Just starting my stack, actually have purchased a fair amount of silver with the gold silver ratio being so high right now. Can't wait to get my first 2 buffalo's...
Nice!
Get a gold Britannia - it's a stunner.
@@truckerfromreno I just got 5 silvers in the mail today...rapidly becoming a favorite.
I bought 77oz in ‘64
and Still have it. $1.40 oz
This is probably the best return I've heard of. Which country?
- 1964 - $1.40 = $25.00 - 2022
Wow 🤩 congratulations!!
@@2is1gold from a paper route in Michigan in ‘64
I’m always weary of the “it’s about to triple its value” videos that are out there. Feels like they are made by used car salesmen. I’m in for the long haul and in the mean time built up a great savings because of PMs. As always great video!
Thanks!
@@BillyBob-fh5he Somehow, I don't think that his record of achievement in life is worthy of emulation.
I'm sure that most stackers and collectors on this channel have done better than Bix has done
because a lot of guys like him seem to be all talk and little to no action.
I reckon we can only speculate how silver and gold will perform going forward, but either way, we can be pretty confident (with what we know now) that it will out perform the dollar.
Therefore, savings in metals seems to make better sense, and it also provides a place to park your earnings outside of the undesirable system, and in your hands.
🤜🤛
Well said, Tommy. This is exactly why I stack silver and gold. It's not about the hoopla and hysteria,
it's about the math associated with the US$. Our currency has been terrible abused by those who
have the power to do so but not the wit to understand the implications of their actions. Because of
this, having a significant chunk of one's wealth in PMs held outside the current system seems prudent.
It's also less convenient than other forms of savings, which means that it tends to stay saved and not
spent. I like that feature a lot. As an inflation hedge, PMs are pretty good at that too, especially for
those of us who use DCA to systemize our buys and perhaps adjust the amount we are buying
upwards when prices dip and reduce them a bit when they are down. Over time, this results in a
very nice stack at a reasonable price and it removes the concern over prices that some have I
call this "price paralysis", because those who have it have a hard time buying any PMs because
they are always watching for "the best price" or buying at "just the right time". For me, the right
price is less relevant to my buying than it seems to be for others and the right time is whenever
I have some extra cash that I won't be needing for a while. 🙂
Cryptos can crash to oblivion, but Bullion can't. As Robert Kiyosaki would say, "It's GOD'S Money."
@@andrekeulemans473 the fact that it came from God is all I need to know.
I prefer the ol fashion plain Jane way of things, holding it in my hands.
You can not beat the feeling of holding the weight and seeing the color. It just feels like quality.
Simply as a WEALTH preservation tool. One of the best I have found over time; I repeat, over time! Never got into owning gold as quick path to riches. As you regularly suggest ... disciplined and steady. The future will continue to tell that story just as history is telling it now! Perhaps even more loudly.
🤜🤛
I stack gold to not lose money. If I even gain money (above inflation rate), the better. Let’s see how far I got by the time when I retire.
Plus, stacking gold and silver is by far the most pleasant and rewarding form of saving for me.
I agree completely! Cheers!
Silver and gold shouldn't be purchased in order to attempt to make a quick profit. It's a long term investment in order to perseve your wealth. You can also use it as a collateral knowing that some companies allow you to borrow against your precious metals. Or if you're really in a pinch easily liquidate it because PMs are easy to sell. As you can see Silver and gold are a versatile investment if you know how use your precious metals the right way.
Practically speaking I’ll still be doing just fine if I don’t ever get a x7 return from gold. Gold is my hedge against itself.
Yep. 🤜🤛
While some sort of windfall from gold or silver would be nice, it's not necessary to justify owning
some PMs. PMs do other things for us, such as be an inflation hedge, a long term savings plan,
and wealth insurance in a crazy world with fragile financial and economic systems seemingly
the rule rather than the exception. But who knows the future? No one. Best we can do is to
spot long tern trends early on and then position ourselves accordingly.
But when you turn your gold back in to what ever currency you lose because that money is inflation it buys less
First gold purchase for me was november of 2012 when my first son was born. $1800 for a 1 ounce eagle, felt like 100k. I never stopped buying after that though. I wish i would of started in 2000 but...i was 8 years old haha
An eight year old with a gold stack would be a force to reckon with! 😄
Your videos are Always so well shot. Love the content.
Thank you!!
This video is like relaxation therapy to those who hit metal hard yesterday and have new stacker concerns today. 👍.
Thanks 😎
😄
Appreciate your vids. I recently made my first Au & Ag purchases. Plan is to buy and hold long term. I figure it's better than my cash being in a savings account.
Thanks, and good luck!
I’ve bought a little silver and gold for over 25 years, and I’ve never sold any. I don’t do it to make a quick buck, I do it because I like it, and I like to think it stores a little wealth, for my kids and maybe for retirement. I agree with your insight 2is1!
Over 25! That's great. I'm with you on liking it for practical reasons and liking it just because I like it too. 😄
I'm in it because of your videos. You were the first person I heard who presented a sane and reasonable reason to buy gold. Oh yeah, and I got a 1/4 Perth lunar tiger on that drop. :)
Nice!
Always enjoy your content. No nonsense and facts, not fears.
Thanks!
Buy gold is based on how many grams/oz it will hold it values across the years.. Fiat money 1 USD in year 2001, would not have same "power" in 2021. But 1 gram of gold will still be 1 grams. (Across which year the best price hold).. 2001 to 2021.. you can sell any years coming you prefer. But you could not buy same 1g of year 2001.
Focus on how many grams /oz you can keep.
As usual spot on. Good speaking voice and one of the master's of metals reality.
Hey, thank you!!
When it dropped below $1900 I finally pulled the trigger on that 2022 Perth mint myths and legends dragon. You and clean money had me salivating over that one.
Nice! 🤩
Gold and silver don't have inflation. They are the standard. The rise in price just shows how the dollar is devalued. And bitcoin can be manipulated by the fed, or so they claim. Bitcoin can crash.
Solid content as always! We don't know what we don't know! I did pickup a Gold Buffalo today! A few shots this weekend?
Nice! Throw ‘em back. (The shots, not the Buffalo.)
Since 2005 I have been buying gold and silver for practical reasons. (I have made some mistakes along the way too.) I buy on the dip, when I can. Understanding the dynamics of the precious metals market, along with the dynamics of dollar products and derivatives, i.e., paper markets, allows me to sleep at night. Being an investor requires knowledge and patience, which is a must!! I continue to do my best to follow these principles. No regrets!! ------ PS, good channel!
Awesome stuff bro 🔥🔥🔥🔥 keep it coming 💪🏽
Thanks! 🤜🤛
At 67 and still recovering from serious illness (?), I know I won't live forever but I have collected a little bit of gold tor my family, so whether it goes up in value or down in the short term they benefit. Saving money in a bank these days is like throwing money away. Another useful video. Thanks.
Get well soon. Good vibes only. 🤜🤛
@@2is1gold Cheers. I can't complain. I spent a fortune on golden liquids, golden women and golden times in golden bars. I would have carried on but my liver issued an ultimatum. Your videos kept me going. So thanks again 😄
@@martynrawlins8050 here's to new endeavors!
As always, appreciate your insight and definitely enjoy your content. Keep up the good work!!!
Thanks!
Awesome video! Real talk about precious metals!
gold and silver should be thought of as an insurance plan not an investment.
Agreed.
I'm in gold primarily to protect against inflation, and I won't just rely on the stock market for that.
🤜🤛
It doesn't do that you have to turn you metal in one day and when you do the money you get has been inflated so you lose
Regular monthly buyer (purchases vary with premium or a sale) waiting 20 years; hedging, extra retirement, vacations, or hard times....our economy is on a 3 hour tour with Gilligan at the wheel and no ginger or Maryann at the island. I used a percentage of revenue and cash saved (debts paid, with a few years left on house) for buying and I look at metals like purchasing 'small' property without the land taxes and insurance.
I can see how people get excited with hikes, but my collecting is long term....watching premiums and getting deals/sales when buying is the fun part. I could be doing worse with my play money
Ha! I don't want to share a hut with the Skipper!
I had started collecting back in 2020 and gold was $200 oz.
I still have the receipts from then and how much a coin value has gone up.
I had to sell all gold and silver for certain reasons. Sold gold at $1250 oz.
Started collecting again, then Home robbery.
Started again !
Addicting stuff, this gold thing ! 🙂
Thanks for the video and your insight! Always good!
Thanks for watching!
Wow, thank you for this down to earth, straight up, look at gold and silver prices. I am so sick of seeing videos telling me silver is going to go up 10x this year. I'm an old retired guy with too much fiat currency in my savings account. Instead of watching it lose value to inflation I purchase gold and silver to preserve my wealth for my kids and grandkids. Peace out.
Good perspective. Cheers!
Metals are how I save. It is good for me as I can be ... stupid with cash. Also, I feel safer knowing I hold it rather than the banking system. To each his/her own.
Nothing wrong with that!
Pretty much the reason I just buy and not pay attention too much to the price except the dips to buy more...
🤙
I bought gold from 1984 to 2001 and from late 2013 to 2021, with 1.125oz in 2022. My inflation adjusted increase is 45.59%. That is all my costs were adjusted to 2022 dollars using CPI data and assuming that all the coins would be sold for melt. The best year's purchase was in 2001, which has gone up a real 315.09% followed by 2000, 1998 and 1997. The worst years purchase is 2022, which has gone down 14.44%. I had bought gold from 1969 through the 70's, but sold it all in 1980 for a substantial but unrecorded profit. I have never been able to beat inflation with bank deposits as taxes always take away any inflation adjusted profits. With silver, similar calculations leave me down 9.79%. Again assuming selling for melt. The current catalogue value is up 156% over my adjusted costs. However it is rare to impossible to get catalogue when disposing of a collection.
That’s great that you know specifically. I’d have a hard time saying exactly where I’m at. I’m sure if I sell, though, I’ll be about even. 😉 Hope you’re doing well, Météo!
@@2is1gold Same to you, 2.
Cash for gold always seems like a good trade to me. The USD index keeps gaining ground amidst all of this money printing, The bigger they are, the harder they fall-
🤜🤛
The thing about the US$ gaining ground is that it is compared to a basket of other fiat currencies.
This brings up the analogies of "cleanest shirt in the hamper" and "best horse in the glue factory".
Being in 1st place among a group of lousy currencies is not much of a win, IMO. But if we ever
get to the point where currencies once again become revalued against gold, we will see where the
bear **** in the buckwheat, as they say. At that point, ALL fiat currencies will be exposed by the
truth that they really aren't worth much but gold, and its little sister silver, are things of real value
and worth. I fully expect a similar washout in the cryptos with fewer than 4 or 5 survivors. BTC
and ETH seem like strong contenders but as to the rest, who knows? The coming of Fed digital
money seems likely to put some severe constraints on the cryptos but we will have to see how
that shakes out in the next year or two. All we know at this point is that neither the US Gov nor
the Fed allow competing paper currencies or share power with others very well and the ability
to create money of any kind confers enormous power on those who can do it. That kind of
power is very addicting and difficult to give up for those who have it.
I think the reason people buy gold and silver now is to resale it on eBay for way over market value and people actually buy it. I am guilty of doing it myself. Buy from a mint if anything at all.
I made a purchase last week and I'm in it for all of it! Gold Eagle $2,075
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Love your videos, brother. Keep em coming!
Thanks!
My silver is fiat degradation insurance and my stack average is at $15. I haven't stacked since March 2020.
Nice!
Your a magician with the eagle on the bottom of the shot glas 😂😎👍🏻
🦅🎩
I bought Last week and I am down, but as you correctly said I lost nothing because I have not sold yet and do not intend too, I am in silver for my Grandkids. A dollar bill can go to zero silver and gold cannot.
Very true. Cheers!
People should read the new case for Gold James Rickards. It will help you In understand why you should have Gold.
The unfortunate thing about buying gold and silver for me is this. When it starts to go down I tend not to buy because I’m thinking “how far down is it going to go?” I’ll wait… Then when it starts going up I think “oh, it’s going up, I better buy some”. Then after I do buy some, of course it goes back down again.
I’m not good at this. But… at least I’m not planning on selling. I’ll hold it long term, and I think I’ll probably be ok in the end.
I find I do that when I buy "below my budget". If it stings a bit, I'm more careful. 😅
You’ll be fine,no one hits the market exactly right every time! The main thing is you don’t stop stacking and take the law of averages.
I'm in for the same reason I stack silver. It's all for my retirement.
🤜🤛
glad you stated both scenarios because i think of people who bought in 2011 or 1980 everytime i hear 2000 or 1970
Yin and yang.
may i ask if you know anything regarding offshore gold storage. you are not required to tell IRS about it. However, do you need to report it as part of your estate when you pass it down to the next generation? thank u
I’m in it for the long haul as I see our adversaries buying up all the gold.
Just got another 5oz silver bar while silver is down again!! Awesome video
Nice!
It all comes back to the Silver quarter.... 25¢ in 1964 silver would buy you a gallon of gas. Today a silver quarter runs about. $4.75... about the average price of a gallon of gas.
Great vid!! Going to be patient I plan on getting a 1oz AGE by September 🙌🏾
Thanks and good luck!
@@2is1gold thanks man… just to think that one day in the future gold will be 10k an oz!! I learned a long time ago to stop buying bull crap… clubbing, alcohol, and lots of unnecessary things! Stacking my gold baby!
People don't realize how inconsistent buffalo's are yet I love them. Truer words sir, truer words.✌️
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Any idea where I can find best deals for gold coins those days?
Awesome channel brother. I wouldn't say I'm a new stacker, I bought 10 goldbacks and 2x1/10oz AGEs but watching your content has allowed me to formulate a much better 7 year and 20 year plans to help me accumulate. I appreciate your work.
That's great! 🤜🤛
Ignore the day to day price action of gold and silver. In these economic conditions you will be better off having it.
Slow and steady wins the race. Gold isn’t a get rich quick commodity. It’s something that over time builds wealth.
💯
Excellect evaluation. Buy a little on a regular basis with intentions on holding, not attempting to sell 24 hours later to get rich.
I'm with you. 🤜🤛
I’m hooked and only been doing it around 7/8 months, there’s no better feeling than playing with pm 👌 did that sound weird 😂
Ha! It’s natural. Everyone does it. 😅
I purchased gold until it hit 1555.00 then I stopped. If I had not been dooped into buying collectables and paying a huge premium I would have made a much bigger profit by now
Thanks for another "smart" video. I have been stacking for years with the thought of retirement in mind. For years I have had friends and family tell me that I was crazy to buy gold and silver, well they are not saying that now. Anytime someone comes up to me to talk PM's I take them to a historical chart going back to 70"s to show them the ups and downs of the metals., explaining to them that they have to hold it for some time. Gold is not a panacea for all things but having some does feel good, and yes going forward the prices especially now will be going up so now I look like a genius. Maybe you should fill that empty shot glass with some Johnny Black or Blue.....
I'm getting the same recommendations on Discord. Blue or Macallan. 😄🥃
You left out from your presentation that you also have to factor in premiums and potentially taxes when you purchased particularly if the product has numismatic value.
Picked up another gold eagle yesterday for practical purposes. 😊
Nice!
I think collecting gold should come with a warning about GOLD FEVER! So easy to hold that first piece of gold and start drooling. Then your eyes start spinning and your tong is hanging out the side of your mouth. Your hooked! I know, it happened to me. No regrets!
Ha! Gold fever is real!
can u make a video about your thoughts on platinum. I just see half a gold coin in opportunity cost when I start looking at an 1oz platinum coins.
Good even headed reasoning. Bought fractional when price was down, but my LCS had a fire so I’m parked for now. Good timing ⏱
A co worker and friend of mine ,told me he got wiped out in a recent divorce.Knowing the marriage had been rocky for a long period.I then said if you would of had some gold privately put a way you wouldn't be starting all over at his older age. Gold and silver are the only private hard assets left. Keep stacking for any emergency.
Unfortunate story that I've heard a few times.
Thanks for that shot of comfort. Your knowledge is refreshing ☠️
🙇
Is that Easton Press books? And Crystal shot.
Yes to both. Cheers!
A simple store of wealth is all I care about.
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For me gold is about saving not investing. Each time income comes in, I look forward to going to the gold shop and adding to my savings.
You have a great voice, you should consider a podcast = )
Hey, thanks!
Another Great Video!
Thanks!
The clinical term is "Donkey Brains". You need a certificate to prove you don't have them.
Ha!
It's funny you say that. I don't make videos but I actually did buy gold and silver 20 years ago. I was also buying ten years ago (though I put the brakes on with silver at $30 an ounce and gold at $1700) so it all works out in the end. I don't expect to see a 6 or 7 times return again but with these inflation numbers I do expect to see growth as time goes on. Thanks!
Yeah, being in at those points is great for perspective, especially if you were in for both. Cheers!
Regardless of the price, remember that 1oz of gold today will still be 1oz of gold 5000 years later.
I would hold off on buying gold because I think it will go lower around 1750. Good job your video’s I’m a big fan, keep up good work bravo Zulu! Do you know when the mint is going to release the Morgan proofs? Wonder why the mint doesn’t make a Morgan 24k proof I bet that would sell.
Agreed on a Morgan restrike in gold. They'd do very well. Cheers!
Is it still worth the gold coin when it's not protect to it original color? It's somewhat faded
i would love seeing your content in HDR. gold looks superb in your channel, if it were in HDRi it would blow my mind
the PMs have been a disgrace the past couple of years when every condition showed they should have flown.
got my 2022 1oz eagle at the beginning of the month
plan from may on will be 1/10 age once a month but no less than a gram bar
Nice!
A rationale voice in a clickbait know-it-all community. Bravo!
Thank you, sir. I'd throw the same compliment back your way. Cheers!
I put fiat into my 401k, solely because it reduces my taxes. I invest in real estate to increase my net worth and that's my retirement plan. I buy PMs because it's an addiction and I can't help myself. Though I am up on PMs, for now.
Ha. This is like the mullet of financial planning. Responsible up front, party in the back. 😂
There are some very sound reasons behind buying PMs, especially in moderation. As a long-time
investor, I just cringe when some investing newbie crows about being "all in" with ANY asset or
asset class. That's very often a serious error for an investor. This is usually compounded by
not having any kind of plan for selling that asset. One only ever profits from an investment or
asset holding via selling some or all of it. PMs, like most other assets, do go through price
cycles, so selling when it is near or at a high and then buying it back when it is at or near a low
is simply good business and it can seriously increase one's holdings. Never ever fall in love
with an asset. They are just things and things can be bought and sold as its owner wishes.
@@edb3877 Good advice. I buy PMs for various reasons. I have my "responsible" PMs, that I will trade at some point for other assets when the timing is right. I also have PMs that most LCS dealers laugh at, but I like them. So I buy them anyway and have no real exit strategy except to give them to the kids one day. :)
@@randyrandall2148 No problem, Randy. Leaving them to your kids qualifies as an exit strategy to
me. I'll probably be doing some of that too one of these days. Buying what you like is fun that's
a decision that only you can make. I got some SilverTowne 5-oz. bars for that very reason. They
simply appealed to me at the time. Should be good for trading material at some point.
stackin 1/10th oz gold eagles to start building wealth, luv all ur vids 2
Thanks!
With our national debt over 31 trillion and growing I think it’s safe to say buying gold and silver and holding long term is a smart choice.
Have you read the book "Gold Wars" by Ferdinand Lips? Its REEEEEALLY good. Lots of history.
I have not. I'll check it out. Thanks!
@@2is1gold I met with Craig Hemke in Dallas a couple months ago and he recommended it. I'm glad he did. :-)
I got in it to preserve wealth and have a portion of my money not in a fiat currency, but still physical and tangible.
I stopped buying though. At least for now. I have a good portion of my net worth in it.
It was the kind of thing I needed to stabilize or give foundation for my finances. I sleep very peacefully every night.
That’s great. Cheers!
I'm ONLY in it for practical reasons. The most reasonable savings account ever in 2022
Great outlook!
I collect /stack both , but silver is a drain on gold... but I started a date run on the year my Son was born , so it's all his ... but thinking of what I paid in 2007 , it's hard to stomach the price of a gold coin now.. I'm not planning to sell or have it buried with me , but the plan is just to purchase a little bit each year , some for my Son and some for the SHTF situations ..
Makes sense!
Yup. The psychology of our echo chambers can really hurt us!
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I'm between beauty and savings. Beautiful savings! It feels oddly comforting knowing that fiat bills come up and down, credit cards rise and fall, but your hard-asset savings account is just there, a year or more solidly locked in.
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For me it's investment insurance, like life insurance.. I don't want to collect it but its nice to have..
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Do you still recommend simply buying on a set schedule regardless of price? (Obviously outlandish prices should be avoided) I am starting to stack, just got an oz of gold and a few oz of silver, and I plan on purchasing a certain amount each month. Should I skip a month if the price is high? Or right now do you still believe it will all even out by the end?
There have only been a few months I've skipped over the years. I do time the month, though, and buy more if there's a big drop.
@@2is1gold Yes, same here, only for me it is quarterly because of the structure of my finances.
I also set limits on how high I am willing to buy. When silver got to $35 an oz. in 2011, for
example, I quit buying silver and simply built my cash pile in the hope that prices would fall
and some bargains could be had later on... which is exactly what happened. I did not sell
any silver back then because I wanted to hold some silver and my stack was pretty small
back then. When silver dropped to $20 an oz., I started buying and kept buying down to
$15 an oz. That made for a nice stack that was heavily biased towards the lower end
of the price range between 2011 and 2019 when my silver stack was complete and I
switched to buying gold in the same way.
2009 was a good year for that Eagle, love mine.
Absolutely!
For savings and preserve wealth, down on my last buy from last week but no stress, im buying sinds 2019 and overal im verry verry happy with it.
Yep. No worries. Cheers!
Thanks for sharing the truth about gold strategy, for most of us it is a you say.
You bet. Thanks for watching!