Don’t buy 1 ounce Gold Bullion - Stack this instead!
ฝัง
- เผยแพร่เมื่อ 28 ธ.ค. 2023
- Be cautious when stacking large sizes of gold bullion Gold stacking .999 pure bullion in large increments may not be the best idea for stackers right now. You should consider this strategy instead #goldprice #preciousmetals #goldstacker
On this channel we talk about silver stacking, silver price, gold stacking and gold price. We talk about silver bullion and gold bullion.
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I am not a professional financial adviser or consultant, the content is my opinion or the opinions of customers in my store.. This video is for entertainment only. Please consult your investment and tax experts for financial advice. Do your own research!
Silver stacking, silver bars, Gold Stacking, Silver bullion, Gold Bullion, Coin store, Coins, Silver price, Gold Price, Coin Shop
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What do you guys think? Am I correct?
I don't think he should go fractionally below 1oz as premiums starts getting out of hand quickly. 1oz eagles, maples, krugs, other sovereign or pre 33 gold (20$ pieces) seem to be good but like always its about the premiums. I was seeing pre 33 at melt recently so that would be a good buy.
You are correct, sir. I'm small time, but, most is in 1/10, 1/4 sizes.
gold anything below 1oz gold bar or coin very high premium loss....anything above 1oz is good kilo bar hard to sell but still there are dealer who buy no problem bigger the bar less premium more profit in long run
Big silver, small gold 👍🏻
have been told some time ago to buy smaller weights of bullion, reliable person in gold market system,
If gold hits 5k an ounce then someone must be prepared to buy it or it couldn’t reach that price.
Absolutely disagree why would I want to pass astronomical premiums on fractional gold I will use silver for smaller, purchases, and gold for large purchases.
Well if you started in 2015 buying a 1/10 AGE at $145 shipped, you have $1450 in that 1oz of Gold.
The most I have paid for a 1/10 gold coin is $230 My average is less than $200 So the key is buy at a good price. I only have a little over three ounces but it's still something. I'm not planning an any big purchases I'm just prepping to stay in this spot and not move.
@@kravenfoxbodies2479what is your point?
100 percent agree with you
@@bradical2723 in 2015 someone was saying the same things about 1/10 gold coins, time has proved them all wrong.
these 1gram gold bars seen everywhere for $79 - 80 buxs, I use to buy them for $42 -45 in 2015 shipped to my door, every piece of Gold bought in that era is making money today.
Just for content. The coin shops will not run out of money. They will run out of fake paper currency. When this happens, It's a brave new world we are heading for. That's where up is down and down is up. I'm an American that was working in Argentina at the time when the collapse of Argentina in 2001 happened. The most valuable coinage at that time was American Constitutional Silver, also known a Junk Silver. That's coins minted in 1964 and below. Dimes and quarters where the only thing trusted. Even in Argentina.
Fascinating! Thank you for that insight! I have a large quantity of junk US silver that i bought 12 years ago for $30/oz. I can't wait to dump it when it gets above that price again..... or at least that was my attitude until reading this post! Thank you sir! Perhaps I might hang onto it!
Though I do understand where you're coming from but you're completely discounting the fact that the banks and other wealthy investment firms like hedge funds and other things are also heavily investing in gold I mean Federal Reserve Bank in China and whatnot and so forth have bought 800 tons of gold just in 2023 and it's still ramping up .
So I don't believe that it will be difficult to sell larger denominations of gold .
I mean I don't think you're going to walk into your local shop with a $40,000 gold bar and they're going to for cash out of the register to purchase it clearly but I don't believe it's going to be as difficult to liquidate your gold if you have larger denominations provided that you go to the correct place to do it and that's probably not going to be your local coin shop or whatnot .
But Jewelers also buy gold in vasque quantities and enlarger denominations so I don't believe it's as difficult to liquidate as you might suspect provided you do go to the correct Market to liquidate .
But from your average collector standpoint and you don't have access to larger markets and don't trust anything online or what have you and so forth then your local coin shop or local stores or whatnot being all that you trust then yes definitely smaller fractional denominations will be your simplest easiest way to liquidate and it will give you the greatest control over the amount that you are liquidating .
But I know people who literally purify their own scrap gold and they take it to the Jewelers and sell it after they carry it to the place where they have it purified and smelted into bars and pucks .
But anyway just food for thought you can actually search outside of the precious metal shops and be surprised at the places you will discover you can sell your precious metals for fair market value
I agree. That's why i buy 1/4 and half ounce increments. Its like keeping cash, better to keep in smaller denominations like 20s instead of 100s. Some places might not have change for larger bills. Also, if you are in need of some chash you might not want to liquidate a full ounce at a time. With smaller fractions you sell just what you need.
You got that right. Selling fractional gold has kept me afloat in the past. Happy new year!
We're singing from the same Hymn sheet. Agree.
Totally agree. Smaller valuations are easier to exchange.
Premiums are too high on fractional. There is no reason not to put the majority of your stack into 1 ouncers. If it's $5000 per ounce then a gallon of gas may be $10. You won't have a problem finding shops that will still take 1 ouncers.
If a shop can't afford to take a 1 ounce gold coin then they aren't going to take 4 1/4 ouncers either.
Some places don't even accept $100 or $50 dollar bills. But if you go in there with $20's and lower, you're fine to spend your money there.
They will be able to sell the quarter ouncers much faster and make more money.
Do you really believe that If you purchased today 1/10 0z, 1/20 oz, 1/40oz, 1/100oz, 1/200oz, 1/1000oz and gold went up to $5k premiums would matter? You 2.5x your spend.
Premiums won't matter when collapse happens.
For me at this point, I'm only interested in 1/2 ounce or 1oz gold. The premiums on smaller pieces are just too high for my taste. But I would never stack gold in more than 1 ounce pieces due to what you said.
I tend to agree, however, I started buying 1/10 oz gold eagles a couple years ago when they were going for $200-220 and I've recently seen them going for $240-260, so my point is that the premiums generally keep pace. A tenth-ounce will always have a higher premium because there is more demand since more can afford it. Realizing that now, I'm kicking myself for not buying more at $200.
Can't really see why half ouncers are as unpopular as they are.
Me too sold all my oz for smaller denominations great conversation
If there's always been thousands of people rich enough to buy the property (even during bad times, like the war or an economic crisis), I guarantee you there will always be someone rich enough with cash in his hand to buy your 1 oz gold coin. Don't panic. Keep it diversified - keep both - 1 oz Gold Coins AND their fractional counterparts. Simple
If you want smaller amounts of gold you will pay higher premiums. My thoughts on this is gold is wealth and silver is for bartering
20 francs and sovereign
I hope you're not referring to a SHTF scenario when you talk about bartering. A pound of coffee or a case of water will have greater value than any metal in that scenario. Virtually 99.99% of the world's citizens don't own a metal tester. But they know the mell of coffee. However, I do pay my barber with an ASE, so I can attest that bartering works in TODAY"S world. Mad Max world, I say good luck with that. Wishing you all the best in '24!
@@BrianHeimbuecher everyone should stack everything they can ..
Gold ,silver ,water ,food fuel, gasoline, Tools , brass ,powder and most of all skills
Never sell gold. Use your stack as collateral for loans. Pawn it, pay if off and get it back.
You have that in reverse max out credit and buy gold with it loans credit cards etc to the max buy gold then declare bankruptcy presto free gold
@@audie-cashstack-uk4881
Would you mind expounding on that some more? Like what are we losing in that scenario; paying fees and interest making the metals more expensive everytime?get loans for acquisition of income producing assets?
@@Zaycream21 since you are only taking out loans for investments, the increase fees can be considered profit sharing or partnering. when the investment pays out, you have funds to pay off debt, get your gold back and add to your stack.
When people realize how much fiat currency is truly worth, one ounce coins will be too large for most people. One ounce coins aren't terrible but I think 1/10 ounce and one, two and 5 grams are much better. I will pay the higher premium now and reap the rewards later.
Exactly 👍
This was some good insight on a difficult topic. Usually buying the lowest dealer premium bullion is the best option to maximize the value of fiat currency. But if gold goes to crazy high numbers, that means the financial system is in dire straits. Inflation will be rampant and more people will no longer want fiat currency. Doing common transactions will be difficult with 10 oz or 1 kilo gold bars. It would be more practical to have 1 oz rounds or coins instead. Even fractional gold with the highest dealer premiums may be worth stacking. Although that’s where silver stacking is really best suited.
If it gets to that point ammo and water will be 10x gold
But if you knew you could sell the bigger bars, would you want to know where you could do it?
Agree in principle but as I live in the UK I will never stack Silver, In the UK silver deals come with a 20% VAT liability. I have no intention of giving 20% of my money to the government. If you live somewhere else I suggest you check before you buy.
I have 5000 rounds of .22LR in the gun safe.
I wish you well in 2024. As a stacker and person on a fixed income, there's been several occasions when I had to sell some of my gold in order to make it through the month. The 5 and 10 gram bars I bought when gold was under $1500 have appreciated to the point where I made back the premiums. Sure, I wish I didn't HAVE to sell; I also wish I remembered my vow from 1974 to marry an heiress. Instead I married for love... Hence the syphoning from my stack.
And to you as well, Brian. Having a valuable and liquid asset is a tremendous backstop when times become tough. Selling gold during those
times is a perfectly viable thing to do, IMO. No, it's not what we might want to do but it could become the necessary thing to do at that time.
I also wish I remembered my vow from 1974 to marry an heiress. Instead I married for love.
That's funny! Sounds like you're still married, so that seems to have been the right reason.
When gold is $5k/oz are premiums really an issue when you bought at $1k, $2k, $3k even $4k?
I don't understand the premium obsessed... isn't it the cost of doing business?
Yes spot + premium= your cost. If your cost is $2000 who cares how it got there if you can sell for $3000.
@@user-kk3nz1gl8mRespectfully, I ask, sell for $3000 in what? If you initially bought the gold to get away from fiat currency, why would you sell it to go back into fiat currency?
The only reason gold would go to 5000$ an ounce is if someone is buying it. There for LCS should not be holding it for long.
China.
I buy fractional when the premium makes sense but usually they don't. Silver I like 1-10oz never under 1oz unless its old 90% or some 80%
For me and the circles I travel in, 1toz is the Au target. At first, I bought lots of 1/10 fractionals thinking they would be easier to unload, but now focus exclusively on 1toz coins. 10toz bars are my bulking size for Ag. 100toz is just too big and heavy and has the same issue as big gold units if the price explodes.
Here in Western Australia we can take our gold to the Perth Mint to sell it. So no problem getting 20 or ten ounce bars to keep. Much cheaper than single 1 oz coins, though not as nice to look at
Costco and Wallmart are in the game now, others will follow, probably banks, pm's will be used as $ more and more as time goes by and as our currency continues to devalue. I don't think it will matter if you are cashing out an ounce or a fractional to the big retailers or banks, the demand for pms is there now and will only increase.
Seeing this vid 6 months later… still the same opinion? As a buyer should I focus on 1 gram 1/10th etc or 1 OZ for gold? Even with higher premiums?
You make some good points. Here is how I would look at it: Buy large multi-oz bullion products for your core holdings that you plan on keeping long term or even passing on to your heirs. But make sure to buy ounce coins and fractionals for whatever portion you want to be able to use for transactions or just cashing in on price spikes.
The current problem we have is that precious metals at the retail level depend too much on LCSs, pawn shops, and 'Cash for Gold' type stores that it is very easy for them to run out of liquidity during market swings. It's a different story at the investor level where there is plenty of liquidity for those trading in large bars in a closed network of vaults.
Unless one is a multi-millionaire, one need not hold any 10 oz. to 1-kg gold bars for long-term wealth storage. 10 1-oz. coins or 32-1 oz. coins simply are
not all that bulky. Agree on fractional and 1-oz. gold coins for shorter term holding and selling. It's critical for those who own a home to be able to pay
their property taxes during hard times. It will be bad enough to endure hard times without also becoming homeless.
@@edb3877Funny ain't it? You can have you house fully paid off, but miss a property tax payment, and the state can reposes it. Should be pretty clear sign that you don't actually own you home. You don't even own your car, or your own body, it belongs to the Corporation of the United States.
@@muckeyduck3472 No, actually, it's not funny at all. But, that's the way it is. One cannot own *anything* that is taxed on a regular basis.
Buy a mini forge and pour your own 1 gram bars of gold. Go in with a friend. I would highly consider silver, it is more tradable.
I traded down. Took a hit, but it's better than worrying about having it in too large to move units. I don't worry about it anymore.
What's the difference? If you have a stack of 1/4 oz of gold bullion and you want to sell it, wouldn't the same stores have difficulty getting that cash for you if you wanted to cash out? This doesn't add up.
If you're patient there are always good prices eventually on historical world gold coins, like the french or swiss 20 franc coins, & if they can be purchased for the same premium percentage as 1oz coins, why the heck not?? They seem popular enough that I'm probably good for liquidity versus having standard modern eagles that come at significantly higher premiums in its fractional forms.
Call a few places and often LCS does not want those unless they can buy them cheap. If people really wanted them then every LCS would have a good selection of francs.
Think ahead if you got a shit load of gold an silver there are plenty of depositors that you can put your gold silver in be given a sound money debit card and use it for traid at current spot up or down its a square deal and you don't have to worrie if your coin shop can buy it sell a little sell it all if your really thinking ahead you should know this stuff not freaking out can I sell my 5 or 10 gr or Oz bar people do your homework
@@RobertLee-wi5kc sometimes you call around and don't even get offered spot for 1oz eagles. And it depends on the 20 franc coin, some are definitely better than others, shiny BU roosters sell much quicker than dull circulated lucky angels
@@williambiniak9090 if I were interested in that product, I'd just buy into the metal etfs instead
@@ah5836 Well if someone doesn't offer me spot and I know what the real wholesale is, then I guess that is not who I am going to sell to:) Quality is always best. Never heard someone say oh that's too nice I don't want that:)
Your spot on
I'm imagining one ounce gold bullions for houses , Land
Silver for food and basic needs stuff
Enjoyed video 👍
What do LCS and gold buyers think about 1/2 oz coins? Are they resalable or desired? TIA
You're spot on it's going to be a big problem going forward.
I buy all my American gold in 1/4 for that exact reason.
Smart!
@@goldsilverstackers1 thank you. I really enjoy your channel. Keep the content coming. 🔥🔥🔥
Thanks good thinking and advice
good points. i'd like to add there are products like maple gram which include a specified amount of 1g cold coins, or 1g gold bar packs of 10 1g or 10 2g etc., where if you buy one unit, it will be cheaper than buying the seperate 1g pieces, and if you sell those units without opening their seal, you might also get a decent price for it. but you'd stil have fractional stuff. maybe worth a consideration
I disagree. Gold is always a liquid asset no matter the form you hold it in and no matter the price.
That's not the point. Fractional gold serves a purpose. Fine art is always liquid, too... but usually unloading a Monet makes no sense. Sometimes selling a piece by Eric Sloan is really all you needed. Wishing you the best in the new year!
@@BrianHeimbuecher His argument was to buy fractional even at excessive premiums and to shy away from even 1 oz or greater forms because the price would be so high in nominal terms that dealers would run out of liquidity to buy gold. The only way dealers are not buying gold at ANY price is due to oversaturation of the market. Other than that dealers will always find an avenue to pay you for your gold, even if its price has gone up nominally. Gold is a store of wealth.
Be careful people might see this as an in for Goldbacks.
You make good sense. I was thinking about the same thing. Thanks for your information 👍
Glad to help
Something that nobody touched on is that there is a lot of counterfit bars out their. The larger the bar, the less likely a store will buy it unless they can drill plugs, melt and xray those plugs to confirm assay. I've seen great copies at the perfect weight and have official looking receipts pass a normal xray test. Xray can only go down a bit so a larger bar can have steel inside and you'd pass a basic test. Stick with 1oz or less for many reasons already mentioned👍
True, I forgot to mention that
This is a case for more Goldbacks in your stack.
Fractional gold is the way to go mixed with larger pieces. The SHTF is on a daily basis for some. This week, I was just glad to get 30 eggs for $2.79. Selling a gram of gold would have sufficed with change left over.
Interesting. With debt at 33T it will eventually go to 5000/oz
That's a great price for eggs!!
@@trentsuveges7622would you be interested in Gold/Silver for better prices than anyone else in the industry? Better than Dealer direct
@@trentsuveges7622 Sure and we all know that it isn't going to stop at $33T, is it? Could be $50T or more before the politicians recognize that insane spending is consuming
the entire nation. I just hope that when they do finally realize that, they decide to repudiate the debt rather than impoverish We the People and then repudiate the debt. There
is about $28T in US retirement plans and it has to be said that this is VERY tempting to those addicted to spending and law making to make such theft "legal".
Very good topic Sir.. Thanks for the video. God Bless
I think this is true for a SHTF scenario but I think larger increments are good just to hold your wealth. Then you should also have a portion in smaller increments.
Half of the stack in one ouncers. The other half in fractional seems right to me.
@@michaelphillips3123 Yes, that could work. My gold stack is about 75% in 1-oz. coins and 25% in fractionals. This is by ounces. I like fractions for the flexibility they
offer to anyone who will be selling them at some point in the future. Could be that selling 1/2 an oz. would be good or maybe 2.5 ozs. would be good. One should plan
for a time when they want to sell just enough to meet a major expense in life, such as property taxes, home improvements, medical issues, etc. without converting
more gold into cash than they really need. This is especially valuable during a time of rapid inflation, where it's not advisable to hold too much depreciating cash at
one time. Also, I have no 1/10 oz. gold coins, only 1/4 oz. and 1/2 oz. coins. The cost of the premium per oz. is too high for 1/10 oz. gold coins, IMO. If one has a
small amount of gold, then maybe the 1/10 oz. coins are the way to go but that would depend on their finances and situation.
Not only that the dealer may not have cash at hand he may also consider the resale of a 10 oz bar! How often will he have the chance to sell one!
I have a ton of copper coins and a stack of silver for a kind of survival scenario... i am tempted to save a piece or 2 of gold and platinum, platinum is dirt cheap right now
I used to stack 1 gram bars at a time but the premium started to annoy me. Now I do 1/10 and 1/4 oz coins. Still paying a premium but it’s the happy medium for me. Definitely wish I had the problem that guy had of whether or not to stack 10 oz bars or not. 😂
Would you be interested in better price for Gold/Silver?
If you treat gold for what it really is, money, then converting into fiat isn't an issue as you'd just spend gold and possibly get some gold/silver back as change. If you have to trade for fiat it may be possible to exchange a larger weight of gold for a smaller piece plus a balance of fiat.
That's why you shoud diversify your gold holdings.
For example you can buy combi bars the size of a credit card for a small premium and then just break off the 1g parts and sell them individually if gold skyrockets or you need money during an economic crisis. To stack moderate amouts you can still buy 1oz coins and even smaller regular bars in the range of 20g to 100g for longer term use.
I would never buy paper gold on the stock market or the "gold" from the dealers, which promise to keep it safe for you.
Remember: If you don't hold it you don't own it!
I can only afford fractional gold. 1,2,2.5 gram bars and 1/10s, and some Mexican pesos dos, dos y medio and cinco. I agree 100% that fractional may well be better in the long run. Grat video. Thank you.
Why can t you get change back on a purchased item, they do not have to take the whole large chunk of gold
Good advice, new sub👍🏻👍🏻🇨🇦🇨🇦
Thanks for the sub!
I inherited gold that my Great Grandfather hoarded over a hundred years ago, just before the First World War. It’s all $20 American coins that were passed down through the family. I’ve bought more over the years and only buy 1oz rounds. Still small enough to sell, without a super high premium. Also, the Troy ounce is a standard measure for gold. The most common measure of gold.
I mean if it all goes digital wouldnt stacking gold and silver just become completely useless?
@@ibberman I just have a hard time believing cbdc's are really gunna come into reality any time soon. There are WAY too many people who wont want it. Even then, there are also way to many issues with it. If it happens I cant imagine its going to be for decades
Not at all. Local sound money communities would spring up. We are seeing it with the Goldback now. Your PMs will be more valuable than ever.
Melt them and pour out fractionals?
I think you are correct but coin shops will sell if they have to to their wholesalers to get cash but some fractional gold is great to be able to sell when needed. Like 1/4 oz five grams and even gram bars.
Liked comments!
I’ve been stacking since 1972. 😮 we knew then it was merely a matter of time. Keeping my one ounce .999 coins.
I’m wondering, as pms prices rise, the 5oz silver bars could be the new 10 oz bars.
1974 Gold oz approximately $35 1999 gold was approximately $160. 2024 gold bullion is 2030$ 0z. 2050??? I think gold is pretty much at almost at the top, with not much room to go imo.
Do I have to stack it or can I keep it next to each other ?
😂
I think a mix is good. Even for when shtf scenarios. If you’re using it as store for wealth and the dollar goes away: how does one buy a house for example with fractional bullion?
I agree with you. Different sizes, different purposes. Best be prepared, right?
I stack almost entirely 1oz Gold Britannias plus a few half sovereigns just in case I need to liquidate at short notice. 1/4 Oz. Britannias are OK but personally I don't have any.
This is kind of funny to someone who bought back in the 90s😂😂😂
exactly, can you imagine buying gold in the 90s for $2000! lol
@@deedevries1123 no one would have.
May I ask your take on the $1 Pre-33 Gold Coins?
I think that is another top because pre 33 gold is collectible
I know my LCS personality and he and I talked about this hypothetical and he said he would be willing to buy 10 oz gold bars all a fella has to do is call in advance and he would be just fine buying, but he has extreme liquidity but a hell of a good guy 👍
The problem would be with high gold prices many people will be selling to their LCS. A LCS only has so much cash on hand
Great channel
It's about control,we can not let this happen.I agree with you on increments!
For me, I’m focused on 1/4 oz gold coins (I’m still a silver stacker) I’ve bought more 10oz silver bars and 1/4oz gold coins this year than another other years in the past.
Me too
Part of the decision in deciding what to buy, should normally be an evaluation of how difficult it will be to sell. If gold goes up substantially - say even double - then the market for sales of one's bullion will likely be diminished when it comes to full ounces of gold. This is something to keep in mind.
I stack 1/2 and 1/4 oz silver for that reason .. easy to use as barter etc. Silver 1 oz bars can be cut into equal pieces easily with a small chain cutter also.
I agree 1,000%
I like you advice and beliefs - in particular the aside one.
You are right
I do believe you are correct.
I agree with you. I think up to 1 oz you should be ok though. I do like smaller increments best and valcambi combi bars are some of my favorites. Goldbacks are useful but don't recommend buy too many because of high premiums. UPMA is most economical place to acquire those.
The value of gold coins and bars has increased in value some 15% since 2019. The value of goldbacks in that same time frame has doubled - and their exchange rate, if buying from Alpine Gold or Defy The Grid, is typically around 5% higher than what you paid for them earlier that same day.
I totally agree. I hope we survive
The problem with fractional gold is long term is the key slogan because that’s what it would take to break even due to premiums.
In my area my dealers buy and sell fractional to kilo gold bars so I welcome the price increase. I’m fond of the 100 gram gold bars.
Always good insight, thanks
Thanks for your honesty.
What does it matter how many grams anything you stuck gold is worth what gold is worth and silver is worth what silver is worth (of course if you don't waste your money on 5 or 10 g ridiculous premium added)
The premium on generic fractional silver rounds are so high it doesn't make sense to purchsse them. As a reseller the eBay fees of 13.25% makes it nearly impossible to sell when I include free shipping, the margins just aren't there to bother with listing these type of fractional rounds. If you can buy 'em cheap, Great, just keep yhem for yourself. Example; Golden State mint has a nice selection of fractional silver, but these have high premiums. Unless you buy @ least $199 in product you get hit with a $10 shipping fee! Note, all of their shipping material ks provided by the US postal service ie; tons of padded plastic bags! No wonder the US Post office continues to run an operating deficit year after year!🦖🦖🦖
Your main point is extremely well taken!
If (when) it all falls apart, today’s logic and rules will apply only partially at most.
Since we can’t know the correct strategies from today’s view, diversifying will likely be rewarded.
One point I wish you would make though - if push comes to shove - counterfeiting of gold will become extremely profitable. If I have a half ounce AGE to use in barter, the first question asked will be “How do I know this is real?” So, I urge considering CERTIFIED gold bullion coins as a significant portion of holdings.
Yes you are correct! How will going from fiat currency to a digital currency affect the stacking of gold and silver and its daily use?
Good point
But I have to ask you this. You say, "They are going to run out of money." How likely is it that one might be able to take a 1 oz. Gold Bar into local shop and trade it for gold in smaller size, say 1 oz bar for x amount of 1/10 oz. coins? Or maybe a 100 oz. silver bar for x amount of silver coins, or rounds.
Also lets say your state implements a bullion depository, which some states are in process of doing, for example Florida is working on it. In this case one could deposit their gold in the depository, and be able to spend against up to 80% or that golds value. I suppose the 20% is there to cover swings in spot, though not sure. But in this case, the weight of the gold would be the only value, and if one bought smaller increments that would mean you paid a higher premium for the same physical gold right?
Comparatively when I started stacking in 2016 the 1/2 ounce gold coin today is basically the same price as the ounce was during that time . I buy a few 1/2 ouncers a year a and a few quarters . In between all that I do 1/10ouncers. , constitutional silver , silver maples , silver eagles , I also like the dos pesos gold and 1/10th platinum from time to time
Good thinking, I stack in smaller pieces because of that
Im gonna stick with my plan of diversifying my precious metals in all forms even gold backs. Large and amall never know so keep an open mind
1/4’s and 1 ounce coins and bars. Once I finish my 1/4 tube, I’ll just go back to 1 ounce coins. But for every ounce of gold I buy, I put at least that into the market.
I get your arguments, however, I don't agree in principle and believe the wrong questions are being assumed. Business is conducted according to supply and demand which changes values according to the times. Gold for example has been trading probably not long after humans have been around and is still going on today even though there have been all sorts of changes in value. If gold goes up this year, should I no longer buy gold because it costs more? If gold goes to $5k or more, then that will be the economy at the time. If you are worrying about short term swing-trading physical gold then maybe there are better things to put your money into with less hassle than going around to the local coin shop trying and make a profit. The argument shouldn't be about the size of the lump of gold you may be able to buy, it's about whether gold will still be a good place to keep or invest in given any particular set of economic circumstances. Hope this makes sense. Happy New Year.
There is basically a dividing line, if SHTF or your gold ends up as an investment sale.
1/10 is more liquid if need be, and for smaller crises.
I actually keep goldbacks also along with junk silver - hopefully more states accept goldbacks.
need a $500 item and nobody has $1500 in change (todays 1oz rate) what then?...
stockpile hielroom seeds for the worst of times
Absolutely agree about goldbacks here.
Traditional gold bullion are like $100 and $50 dollar bills. Yes a lot of places could take them, but many don't. But goldbacks though, are like $20 dollar bills and lower, where you walk in just about any shop or business and they're a lot more likely to be accepted.
I did 107 Goldback transactions in '23 in 9 states. I've also documented transactions in 32 states and 4 countries.
All we need is for people to get, show and ask, "Will you take gold for that?" And a Goldback nation will be built.
I wouldn't take the damn things. Maybe one or two as an odd collectible. Beyond that, I'd only take them at melt value or slightly above. Nobody would take a gold eagle at full price that had only had half of the gold content to back that price.
If your just a small time gold buyer this is probably the way to guy,,for somebody thats gonna invest in 1 or 2 monster boxes of gold coins maybe best off buying 1 ounce gold coins for best price possible over spot,,the premiums would be just too much on this amount of gold in fractional,,and no you wont sell a monster box of gold coins to your local plaza coin store that guy with 20k in total inventory cant afford to buy much anyway to be honest but by me in Chicago there's broker dealers that would have no problem taking 1 million plus in gold of your hands if need be..
This is the reality and the mentality of the wealthy. I truly believe most people have no idea about how economies work, but I do applauded them for putting something aside.
I've always preferred the fractional. It can always be added up to 1 or 10 ounces. Not easy to break down bigger pieces. I get dos y medio gold from a dealer friend. Each has .0603 oz of gold. Premium is about $10 per coin. I can live with that. Sure, an ounce piece is cheaper, but I like having the fractional as long as the premium isn't a killer. You'll alway pay a little more for fractional, but I prefer it. I'll get cinco or diez pesos from him too. If I can get French roosters or sovereigns with an acceptable premium, they're fair game too. For silver, it's always junk. Had to get 1,000s of Eagles in the IRA before they loosened ip the rules and allowed generic ounces. But other than that IRA silver, all I've bought is junk. Sure, I got fractional silver from different countries from having bought lots. That isn't my goal. Junk is my goal, the more the better. I've got five kids I hope to leave something to. Three future will be totally different for them. I keep telling the kids, gold and silver have been money for 1,000s of years. All they need today to make what they call money is 100s of printing presses, 10s of 1,000s of gallons of ink and tons of linen and cotten (paper). They make that crap all day long.
smart approach, I do not stack pesos only due to being a US citizen. Junk silver is a good strategy, fractional, trusted, not high per centage of fakes. Teach your children well !!
Would your dealer be interested in better prices that he can pass on to you? Better than spot. I'm sure you'll be able to sell any amount you want as well, even if your local shop is out of cash 👌
I bought “a few” 1/10 oz Gold AE at $53 dollars back in 1988, today they’re worth over $265 each.
Love fractional Gold.
You’re spot on, fractional is good to purchase for the long term, but definitely not short term, due to high premiums.
Thanks for sharing
I talked to my local coin shop after I sold them 3 ounces of gold last month. They advised me that if I'm going to stack to stick to the 1 ounce bars or less
Half in 1oz., and half in 1/4oz., in my stack.
This applies to coin shops but banks selling bars will buy back if bars are still in pristine condition and come with original receipt.
Good Message 👍
thanks a lot!
You're welcome!
Diversification, yes. There’s always a back and forth between what’s available from time to time depending on the market. Some fractional gold is ok and or you can stack 1oz. Or maybe one 5oz. Bar and the rest 1 oz. Buffalo or Maple Leafs. If gold ever does go that high you can be sure that everything is going to cost more so an oz. of gold might buy you some new tires for your car or truck for example.
No. In a depression you will buy a car with 2 oz of gold. A house will cost 1,000 oz of Ag. Watch as the everything else bubble deflates.
@@Whaticansayaboutit Ag???
I wish
i just talked with my local shop and he said it just happened to him last week - $100k and he had to shut down the shop and run the metals to the wholesaler and then reopen the store - problem being fractionals carry a big premium
I have a vast storage of silver 10 oz bars, 1 oz bars and rounds and plenty of scrap silver dollars, halves, quarters, dimes, both in American and Canadian scrap silver. My personal favorite type of silver because of history and beutiful designes from both nations.
Yep 1/4s and 1/2 !
I used to buy gold sovereigns from a specialist jeweller in the City of London (UK), he was telling me about a customer who had decided to purchase his own weight in gold sovereigns. At the time gold was $300/Tr Oz.
Yes, I think 1/4, 1/2 oz are best.
If a dealer cant buy a 1 ounce coin then he shouldn't be in business.