Ep.1 Season 1 - Coins vs Bars - Expert Tips on Gold and Silver Coins and Bars
ฝัง
- เผยแพร่เมื่อ 1 มิ.ย. 2024
- Season 1 - Episode One
In this episode, host Mark Yaxley explains the similarities that gold and silver coins and bars have with each other, and the key differences investors need to be aware of.
SWP website: www.swpcayman.com
**Remember to hit SUBSCRIBE to receive all our great precious metal videos**
About Inside The Vault:
Expert tips on gold and silver delivered to you directly from inside Strategic Wealth Preservation's Cayman Islands gold vault. This exclusive series provides investors with insights and education about a variety of topics related to owning precious metals:
Coins vs Bars - Gold vs Silver - Which one should I buy?
Gold vs Silver - Which metal is better to own?
Travelling With Precious Metals - Tips for the airports and customs
Shipping Gold and Silver - How to prepare a package for shipment?
Testing Precious Metals - Five ways to avoid fakes
Testing Gold Bars with PAMP Suisse's Veriscan authentication technology
Home Storage vs. Offshore Storage - How much should I keep at home?
Collecting Rare Coins - Expert advice on collecting gold coins
Storing Gold and Silver - At home, at the bank and in a secure storage facility
Going Global - Owning gold and silver offshore
Join host Mark Yaxley, as he takes you inside SWP's Cayman Islands vault, and shares his expert knowledge with you.
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SWP website: www.swpcayman.com
You can also follow us on Instagram, Twitter, LinkedIn and Facebook: Strategic Wealth Preservation
About SWP:
Strategic Wealth Preservation (SWP) is an international precious metals dealer and secure storage provider headquartered in the Cayman Islands. We specialize in the acquisition and secure storage of precious metals for individuals, companies, trusts and wealth management professionals on behalf of their clients. We deliver precious metals worldwide to homes and businesses and offer secure storage in vaults located in the Cayman Islands, Canada, the United States, Switzerland, Liechtenstein, Singapore and New Zealand.
Thanks for watching and if you would like to purchase metals or store precious metals with SWP please visit www.swpcayman.com or email us - info@swpcayman.com
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People choose to buy gold for various reasons, such as it’s historical role as a store of value and medium of exchange, it’s potential as a hedge against inflation or currency devaluation, and it’s relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolio due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance and financial situation before deciding.
I find gold investment reliable and aim to buy more to recover losses. Silver is also a good investment but differs from my collectibles. Clear investment goals and education are very crucial.
That is why I work with John Desmond Heppolette, who introduced me to a better financial community, a validated organization where I learned how investing works and how to invest proficiently, as well as free books, courses, and daily lectures. You also get to meet new people, which was the best decision I ever made..
Yeah for real, John Desmond Heppolette, is one asset manager that gives the breakdown of everything on how things are done, joining an effective financial community can be 100% beneficial when joined properly that's all I can say out of experience..
Such a priceless tip. I just discovered his exceptional resume when I made a google research of his full names online. Base on his online resume, he appears knowledgeable and well accredited I drop him a message and book a call session with him! Thanks so much for the information..
In light of the ongoing global economic crisis, it is crucial for everyone to prioritize investing in diverse sources of income that are not reliant on the government. This includes exploring opportunities in stocks, gold, silver, and digital currencies. Despite the challenging economic situation, it remains a favorable time to consider these investments.
Considering the current market uncertainty, it appears prudent to consider investing in gold or a gold ETF. I'm contemplating allocating over $300k for retirement purposes. While the potential for short-term gains in a bullish market is enticing, I recognize the importance of maintaining a long-term investment strategy.
Gold is seen as a safe bet during economic ups and downs. But investing in it can be tricky. Some people lose money because they don't understand how it works. So, it's wise to be careful. I suggest talking to a financial advisor who can help you figure out when to buy and sell.
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
I've been looking to get one, but have been kind of relaxed about it. Could you recommend your advisor? I'll be happy to use some help.
SONYA LEE MITCHELL is the coach that guides, you probably might've come across her before I found her through a Newsweek report, she's quite known in her field, look-her up.
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé
Does anyone else who owns bullion occasionally take out their stash just to look at it? I love it :)
I like the feeling of touching pure gold and silver. I like the sound when you put it on a wood table or when you touch them together.
just love it, do the same with my watches!
For sure I Do!
I feel the joy of a pile of precious metals coming to us. I give gratitude for the blessings soon to come. I wish for the joy of abundance to flow to ALL. I pray for the good hearts to feel the anticipation of same. I pray for those reading this to add to this vortex of energy to serve us ALL.
Wouldn't it be more exciting to look at it if you just mined it out of the ground and were on your way to the assay office.
This is financial advice and I never give financial advice: DONT LEAVE DURING THE BEAR. If you don’t want to invest…learn. If you don’t want to learn…build. If you don’t want to build observe. DO SOMETHING…other than leave. There is so much opportunity here. Take advantage!
A woman who has invest knowledge is rare
I never in my fucking life wondered anything about coins and bars but that guy somehow still answered all the questions I had...
Pay over spot price. Sell under spot price. Pay too much for a pretty coin get a little bit more than spot price back. Rick from pawn stars "the best I can do is $5.00, might be worth something I just can't take that risk" take it or leave. Can't eat, drive or warm yourself with metals.
@@charliejeans2413 -AND... Pay a premium over spot price each time you buy and sell Gold or Silver at the store for physical... What a joke.
@@243wayne1 def a con. This guys a dealer. Ohhhh look at all my stacks. Seeds. Are the future. Last forever if you store them as well as your gold n silver. Then I'll sell them seeds to grow there food for gold or silver only. 1/3 of spot !
I'll take that as a compliment!
@@SWPCayman hahaha good to see you take an interest. Seeds are the future.
Rick from Pawn Stars: Best I can do is $10, and I'm taking a huge risk here.
@@profesor_who Rick ist eine dumbkolf.
“I know a guy that knows all about this stuff, hang on while I get him down here..”
@@krisbailey7160 nice!
Rick is an ass.
Look, I'm going to have to frame this and it's going to take up an entire wall. This is a niche sale and it might take me 2 years to sell. Plus the auction will charge me 30% and I'm taking all the risk here. It's worth $40k and I have to make money. Can I give you 15k? Corey comes in, "I can give you 5k if it will help you out man", Chumlee comes in "whoa, is that made of metal?"
Months ago I invested in lead and brass with a little gunpowder
Works for me.
How can I do that now? I want to do the same. Janice
That's also very important.
😉
Welcome to the club sir
Solid investment bro, smart man.
Becoming a good trade takes time and patience. When i first got into trading i was liquidated twice, and lost my entire mortgage deposit. I could have given up, but decided to learn how to trade and put it into practice. 4 years later and i am glad i made that decision.
My portfolio has good companies, however it has been stalling since last year. I have approximately $200k stagnant in my reserve that needs growth.
Starting out with a with a professional that knows the ropes of the choppy but profitable market is the best way to achieve getting a well structured portfolio. That’s why I have been working with ‘HELENE CLAIRE JOHNSON and that doesn’t make me daft because in financial dealings one have to be prudent. Most traders enter exit with a quick 10% profit which is not bad in a general opinion but why not aim higher, it doesn’t necessarily mean to be greedy.
Mind if I ask you to recommend how to reach this particular coach you using their service? Seems you've figured it all out unlike the rest of us.
Most likely, you can find her basic information online; you are welcome to do further study.
Why am I watching this? I can barely afford 2-ply.
I can BARELY afford my utility bill and i'm watching this.
Why was this suggested to me?
Single-ply is better and I invest in many precious metals. With single-ply, you can make a whole pillow of toilet paper on your booty without clogging the toilet.
@@EhurtAfy Or you can just use water like the rest of us civilized people.
What a luxury.
I'm broke, of course, but I'm watching this to be prepared in case I've become a billionaire. I don't want to be caught off guard.
You mean a bullionaire hehehe
Buy silver, it's a real bargin right now! Spot Price is around $15, with the cost to buy 1 oz bars at 20$. Pretty cheap to get a bunch
hope you become a billionaire and if you do, get all the silver and gold you can, even steel tin, lead, copper, especially lead, as before long paper money will be used for toilet paper and starting fires.
I'm not a billionaire but I do well for myself. I began preparing for retirement at the age of 16 because I didn't want to be working into my golden years. I retired at 44 and am now in my 60s. I worked hard, saved and invested. I tightened my belt and chose not to spend like most do, only what my family needed and if my kids wanted something I made them work for it. Just remember that if you fail to plan then you plan to fail.
@@willwade1101 hey! what field did you work in? sounds like you have a real strongwork ethic!
In case anyone’s wondering that kilo of gold is worth just shy of $60,000
@@renasouza8261 we will see
@@renasouza8261 no gold is actual rare unless there is a gold rush it won’t
@@renasouza8261 cheaper? How come?
@@renasouza8261 I doubt that. The way money is being printed right now hyperinflation is a serious possibility. I can see $5000 per oz gold and $500 per oz silver with the way Trillions of dollars are being made.
@@keeganbrown9967 I agree, don't even remember why I said otherwise
Starting early is the best way of getting ahead to build wealth, investing remains a priority. The stock market has plenty of opportunities to earn a decent payouts, with the right skills and proper understanding of how the market works
Assets that can make one successful in life
I.Crypto
2.Stocks
3.Shores
It's not ignorance but unprofessional broker in the market....
Investing in cryptocurrency now will be the best thing to do especially with the current rise in the market....
people are really making a lot of money from it..
I like bars, there's something about a good-looking bar.
A bar of gold is 75 pounds 💷 and so is his ego
I like bars too but have been gravitating towards the rounds lately
On this day (March 8th) 20 years ago, the spot price values of those gold coins/bars were:
1oz = $288
5oz = $1,440
10oz = $2,880
1kg = $9,259
Today:
1oz = $1,673
5oz = $8,365
10oz = $16,730
1kg = $53,788
Bonus fact - over the last 20 years, gold has outperformed the S&P 500:
S&P 500 = 117% gain
Gold = 480% gain
To be fair though, in the last 10 years the S&P 500 outperformed gold: 161% vs 49%
Interesting thx
That one ounce of gold, factoring for inflation March 2000-2020, is $434.21!
@@jackbartlett5460 you're wrong man. The increase in gold prices IS BECAUSE OF the inflation. It's a common misconception that gold fluctuates. Gold is actually fixed. There's a finite amount, so it doesn't move. It's currency that is volatile, which in turn causes gold to rise and dip.
@@b2themfeto INFLATED value of the original (purchase) price.
Best comment, how do u think btc will do over the next 20 years.
I'M NEW TO BTC AND I'VE BEEN MAKING LOSSES TRYING TO MAKE PROFIT MYSELF IN TRADING...I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?
That is true, you need an expert trader to make good profit from cryptocurrency trade
And this is the perfect time to invest in cryptocurrency because of the rise in cryptocurrency.
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor their trade.. I will advice you to stop trading on your own it's very risky. Seek advice of a professional trader.
How can someone know a professional trader that is trustworthy when legit ones are hard to find this days.
💯💯💯
A million bucks in gold sitting behind his right shoulder on the shelf.
At least 50 kilos- about 3 million right now.
I know right? I’m watching this salivating...lol
Nah, those are just chocolate bars wrapped in foil.
@@DN-gp9cf Prove it.
@@Steveman27 prove they aren't.
I'm broke but here I am watching these precious metals. At least my eyes are happy.
Join karatbars
@@rico200168 If you don't hold it, you don't own it.
It's time to make your financial future look happier
rico200168 stupid
uchihasurvival dear sir the U.K. is not like America
He there casually sitting with gold and silver all around him. TH-cam “Money gurus” must be jealous of that setup. 🤣
Underrated comment lmaoo Mr beast incoming
Casual G
Scrooge McDuck always did that, too
There jealous cause they don't pay attention
TH-cam gurus are only surrounded by lies.
Me staring wide eyed over his shoulder as he casually just has $2,700,000 in gold just sitting on that shelf
They must have good security
Bitcoin is the best coin to hodl
I HAVE BEEN MAKING LOSSES TRADING MYSELF...I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade
I will advice you should
stop trading on your own if you keep losing and start trading with Mrs Laura Morganna trading services
I lost £1200 carelessly trading on a
platform then I was referred to Mrs Laura Morganna she recovered the loss and made an extra profit of £4600
@@davidmolly545 Wow I'm just shock you mentioned and recommended Expert Mrs Laura I thought I'm the only trading with her
That is the biggest silver bar I've seen
Me too
someone sold a similar size on pawn star
crypto lite its the same
Block*
Would be a fine anvil. 😚
All I see is the massive stack of 1000 kilo gold bars behind his head that’s on the shelf... 😍😍😍😍
Same I feel my blood rushing looking at it.
1kg bars, lol.
1kg bars
He did that for effect.
About $2,000,000 in gold.
An Excellent Video, Choosing the right industry to invest is very critical, Most times, it amazes me greatly how I moved from an average lifestyle to earning over $83k per month. Utter shock is the word. I have understood a lot in the past few years to doubt that opportunities are bound in the financial markets. The only thing is to know where to focus.
@Katie AZ The decision to invest is an acknowledgment that it comes with certain risks. Not all investments will do well and some may lose money. However, without risk, there would be no opportunity to potentially earn the higher returns that can help you grow your wealth.
I keep wondering how people earn money in financial markets, i tried trading bitcoin on my own made a huge loss and now I'm scared of investing more.
@@bjoe631 That won't bother you if you trade with a professional like *Mr Gary Mason Brooks* my coach, you may have come across him on interviews relating to bitcoin. He trades, manage trading account and offer mentorship program for clients who wish to become professional investors.
@@nyreggie You allow people to trade for you ? that's interesting, I would love to learn, hope it’s safe?
Wow I can't believe you guys are discussing about *Gary Mason Brooks* , I once met him at a conference in California 2019, just before the pandemic. I can testify that he’s very good in trading..Highly recommended.
I started buying 1oz gold coins, i got 1 every 2 months been doing it for almost 3 years now and he is totally correct on premiums! 1 oz of coin buys for a lot more than it sells ....
Coins are round.
Bars are rectangular.
The end.
🤣🤣🤣🤣🤣🤣
Rounds are bullion
Boom !
@@bryanmower2703 Coins can be bullion as well. The daft thing here is that the bullion coin is legal tender and given a face value that is nowhere near the bullion value! Yes, you can buy one dollar's worth of goods with a coin that cost you $27...$28... etc. A little crazy. The Mexican 1 ounce silver Libertad is somewhere in between round and coin as it is produced by a government mint but is not given a face value.
RoseGold
Coins have a denomination. Rounds are cylindrical bars, and bars are prysmic rounds.
The actual end.
I bought a silver bar back in 2000, 10 oz for $60, back then it was about $5-$6 an OZ, Sold it in 2015 when silver was super high for almost $300
Don't you wish you had waited till now here in 2022.
@@GlockMan70 huh silver now is $25 an Oz X 10 OZ its only $250 now at current 2022 prices.... ummm yeah math must be hard for you
@@joesmith201212 I think he means that silver might make a run for it in a near (year or so) future. You know, inflation, war, etc.
@@GainsGoblin well doves might fly outta my ass let's prepare for that too... It's fun to imagine things
@@joesmith201212 (you)
when you were talking about liquidators refining that massive silver bar towards the end reminded me of when Matt from Demolition Ranch shot that massive brick if silver
i am impressed about the comment about the facility of reselling the bars. Thank you.
I know these are silver and gold but I cant stop seeing them as chocolate bars that I can eat.
Harlon Turner ha ha. Love it. Personally, i don’t understand why all the trading in precious metals are for. I mean we barely trade paper currency anymore, it’s all digital. I guess guys still like shiny things.
@@kbflorida888
You know these properties have functionality right? Gold is a metal conductor used in computers an silver has a ton of uses.
Someone has watched "Charlie and the Chocolate Factory" too many times :P
@@cydra-evolution5623 people investing in luxury metals have no need or intent on using it for practical purposes
@@lol-hk2xq some people do it make money. When you are stuck just collecting some money but not spending it because its your future, silver starts looking pretty nice.
There's a few dollars sitting on that shelf ...
1+5+10+32 = 48 oz
48 x 1550 us$ = ~ 75 grand for those 4 items.
silver = 1+10+100+1000 = 1111oz
20.25x1111 = *22,500 ish
total almost $100,000
addendum:
oh yeah, I see what you mean (behind him)
@@hugosmith6776 Yeah, if you're talking about the gold behind him, it appears to be Kilo bars, 35 of them.
35 x 32 x 1500 = $1,680,000
@@smileychess true
Just learning. Well done sir. Well spoken, easy to understand. Thanks
I also appreciate this video
This is exactly what I need as motivation.
When you invest you're buying a day you don't have to work.
Assets that can make you rich
Bitcoin
Stocks
Real estate
You're right sir, it's obvious a lot of people remain poor due to ignorance
It's better to take risk and make sacrifices than to remain poor.
It's not ignorance but due to some unprofessional expert in the market.
Fact: buy what u can afford and u will never go wrong with precious metals
Another fact he needs to wear gloves when handling collectables coin ir bullion
Never say never. I still have some silver purchased in 79 when silver reached $50 an ounce!
I was selling junk silver the winter of 79-80. A young woman came to me to buy one thousand face value. She told me her father had advised her to do it. Thirty times face value. It was sent to me in five gallon buckets. UPS. I asked her if she was sure she wanted to do this! I pretty much knew what was coming. Within a month it had dropped to about ten times face value. She came back to my home in tears asking if I would buy it back!!!!! For thirty large! I felt awful but what could I do! It still hasn't recovered.
Vincent Conti that story bums me out. My cap for silver is 20 an ounce no matter what. I started buying at 14oz, it just feels rite at that price. 14-20.
or not.
That 5 ounce gold bar is my next goal!
Good luck with that.
I'm sure you will achieve it.
Progress update?
same here
BEST video I've seen for beginners - thank you!
Excellent and concise video. Thanks. Subscribed
Here in Holland buying coins are tax free. Buying bars costs 21% tax.
Wtf why?
Nope, that is only true for bars that aren't made of gold.
I think under dutch law gold is an investment material....silver, Pd Pt etc are considered industrial goods...thus subject to VAT.
Similarly, Coins that aren't gold are subject to VAT over the sellers profit.
We have a similar law in Florida, if it has a face value, you don't pay tax, if it doesn't then they can tax it.
They can't tax what they don't know about ;)
[For legal reasons, this is a joke.]
It's just mind-blowing to me how he casually has a kilo gold bar resting on the table in front of him, let alone what he has shelved behind. Thanks for the basic facts re-cap!
I mean he doesn't own all the gold. He might own or work for the store or company.
Thank you for sharing your knowledge
Thank you for that information it will come in handy when the time comes.
Thank You you really enlightened me on this matter. As in I myself do deal with bars vs. coins (rounds).
Random guy on set: "does anyone think we should do a second take and maybe loosen up a little?"
Everyone else: "I'm going to beat you with this bag of precious metals"
really nice video, loved watching this!! very informative!!
Pretty much like drugs
The more you buy, the less per ounce.
How did you know that?
FBI open uppp!
@@MDF4072 like any product you can get in bulk.
Crazy prayingmantis Just got 4 kilograms of Canadian Royal Mint...
@@ilijabosnjak76 noice
Your an idiot that isn’t true I stole tons of precious metals during the war get on my level
That kilo gold bar looks so fine and tasty I'd probably fondle it several times a day if it were mine.
And keep on saying "I love gooooold" xD
Just started investing in silver, this is good information to have! So far I have 2 ASE, one junk coin (JFK 64) and a 1978 Rouble from the USSR. I am looking to start stacking bars
Best video yet. Nice work good information
Just the eye candy effect alone of those gold bars 🥰
Beautiful
This is the best video I have seen on the subject! Cheers from NZ
Good presentation, thanks.
I really enjoyed your video. Thank-you
Do people even realise that 1 ounce of gold costs well above £1000 and a lot of people cant purchase those on a regular basis and would be lucky to save enough to buy one of those every year.........my tip is to buy both gold and silver in any form whether it be bars or coins and any denominations is ok. In general you should buy the biggest piece you can afford because you dont pay as much premium on that piece but I know I'm contradicting myself a bit but you should also buy some smaller denominations of gold or silver because if money loses all value or something goes bad with the economy then you can trade smaller pieces of gold and silver to buy things.....its much harder to shift big pieces of gold and silver......because there are not many people that will take your 40k piece of gold and you are stuck with lots of money invested in a hold bar you cant sell. But I still think it's important to vary what you have....small pieces for emergency barter, medium size pieces which you can use for barter if you need to get something a bit more expensive but also if the economy is ok then it is an investment and you arent paying as much premium on it then lastly get some bigger pieces periodically purely as investment pieces.. and if the worlds economy goes bad then I suppose you still have the option of cutting your big pieces into smaller ones if you ever needed to barter more easily.
if economy and society goes bad and money is useless, why would anyone want your gold or silver? pple will want food and weapons
you do realize that in shtf situations where society has collapsed.... noone is going to want your gold or silver. id want your food, tools, meds, transportation, gasoline, ammo, weapons, shelter, etc..
@@suchgr8hieghts Societal collapse can mean a lot of things. Hyperinflation is, at the very least, a precursor to societal collapse and gold and silver are a viable option in that situation.
Mark, Thank you for this presentation. It is is a great introduction to the basics of precious metals investing. Your clear, simple to the point demonstration serves as a starting point in educating me about buying and securing the future at just the right time.
Thank you Gregory! Enjoy the rest of the videos.
Do you want to know more about crypto, this is a great opportunity for you. Let’s talk now if you’re interested.👆
@@SWPCayman ,, Osmium '' Rarest precious metal on Earth
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Best video I’ve watch . For information
Idk where this vault is or anything about this guy but it’s awesome to see that much gold and silver in one place. My collection consists of one silver coin. 1 oz lol.
1:45 In 3 seconds you see it in his eyes as hes fires into beast mode when thinking about options.
This was very educational. And i really appreciate the work and time by you and your team putting this together.
Best education you will have about fake money
5000 year-old fake money, right... FIAT is temporary, Gold is forever.
Do you want to know more about crypto, this is a great opportunity for you. Let’s talk now if you’re interested.👆
Great Video,thanks
Outstanding video thank you very much!
I wish the vault was a closet at my house.
No closet. Big ol' ass safe. lol
soon brother very soon
Well, Make it so.
When you count the bars behind him and realize there's a P1's worth of gold just sitting there.
Great information
Thanks
I like this guy he seams very knowledgeable and a man of character these are the kind of people we need to surround ourselves with when we're working a really us and around coins gold silver and other precious metals
3:48 when you come to sell you get spot price on gold or silver unless its collectables, so you won't get a higher return on more highly respected gold manufacturers, you will get the current market value...............
Unless you sell them in a auction online hahaga
Not how it works at all.
@@morgothbauglir4898 oh ok please educate me on how it works then as I've only been buying and trading in gold for 11 years in purchases upwards of $200,000 a time. I'd love to hear your expert analysis on how if you sell gold you don;t get the fixed gold price of the day (unless it is collectable gold).............I wait to be educated by you.
@@stevenrichardson9880 American silver eagle premiums are at around 40% right now. No one, not even a coin/PM store, would even think of offering spot for them. Even if you consider ASE’s ‘collectible’, other rounds never really go for less than 1-2% over spot, even in bulk or when selling to an LCS. It’s cool that you’re so experienced and I’m sorry to have offended you. If I’m wrong then please explain why and I’ll delete my original comment so as not to misinform people.
@@morgothbauglir4898 "Collectables" or "in demand" gold or silver will always have "premiums" when buying, but when you SELL you get spot (or the fixed price) of the day/hour (as it changes rapidly).
Quite simply for the average small buyer there is NO POINT AT ALL buying one brand over another (as the video states) because in terms of gold and silver WEIGHT & PURITY is all that matters, not who manufactured it.
I buy gold for groups of small investors (30-50 people put money together) and I buy gold in larger amounts to reduce "PREMIUM" (the amount a gold seller will add onto the spot price to make their cut).
Larger amounts = smaller premiums......
Simple really.
Now when the person goes to sell their gold they will have to choose wisely based on SPOT PRICE that day and what they paid for it at the PURCHASE TIME SPOT & PREMIUM PAID per weight.
The pawn broker/dealer isn't going to say "ah you have APMEX I will give you more than the spot as I like that company" OR "oh you have Perth Mint, I will give you less than spot because I don't like that company".
Hence my original comment.......
It is slightly more complicated than that if buying large amounts and selling large amounts but my original comment (that you said "it doesn't work like that") is aimed at the smaller individual investor.
I will say again, when buying gold or silver for profit/investment as a small investor, don't go for collectables or "in demand/rarer" coins, or choose one manafacturer over another, go for weight.
I hope this answers your question as I really can't spend much more time on this matter.
I repeat. Metals should not be viewed as an investment. Metals are considered a financial hedge against inflation. Using the word investment is no bueno. Chances of getting rich quick like an investment on metals is unlikely. But converting Fiat into metals to save for long periods of time will protect you as the dollar gets weaker.
Metals are definitely an investment as well as insurance. After the financial reset it will be self evident.
I am putting an amount of Fiat currency into metals today to gain much more value later.
I hear this all the time. I suspect it's to get people into the stock market. After all if people just invest in and sit on gold and silver there is no investment for paper assets.
The elite are very afraid of this.
@@mysterybuyer3738 I don't like the stock market, crypto or Fiat. As the purchasing power of the dollar gets weaker, your metals don't. The metals retain there value Wich has been proven for thousands of years. 1 hamburger in 1985 cost $1.00, that same hamburger today cost 6+ dollars. Pretend the metal is the burger. It's purchasing power stands the same. But 35+ years later it requires more dollars to get that same silver hamburger.
no real investment gets your rich quick, unless you are lucky and buy at the start of a bull run and sell close to the top. Silver being undervalued meaning it's relative strength to gold, is exactly why it is considered and investment for the day when you get the ratio to collapse back to 1/2 what it is now. Gives you twice as much gold per silver. This is the definition of an invest-able item, also of course hedge against fiat at the same time
@@stasyszy I'm not disagreeing with you. But tis an abundance of investments that have made millionaires over night. Tonight someone made a million promissory notes. I do agree that you can make a profit on metals. But it won't be today. It won't be tomorrow. It will have been decades before you see the money you've "invested" quadruple. Then when you get that money. It's purchasing power will be so weak that you will only be able to buy the same amount of stuff as when you bought metals in the first place. But instead of saving cash that loses value over decades the metal does not. It's the best way to save for your future. If you make a bunch of purchasing power off metals then You sir have beat the complete Fiat and metals system.
Preservation of wealth. If you've invested anything in metals. It's your time, patience and commitment. Maybe some self discipline.. I have alot and I have alot more to go lol
Excellent presentation! Thankyou
I heard of a fellow that wrapped 500' of weld lead around himself, he passed out before he got out the gate of the factory he was stealing from.
Id like a few hours alone in that room.
😂😂😂
I only need few minutes
your gonna need a big truck. :-))
@@ludwig4 yes just take some killo gold bars🤣😂🤣😂
Your rear cavity must be deep and wide
I like that 1000oz silver bar. Reminds me of my dumbbell set that's made of silver.
this video is soooo good! thanks
Great video and great information accessible to everyone!
Nah it all sort of works out even. Anytime i sold any PM regardless of where I went, they all engaged in the same process. Beginning with a quick eye inspection to get a general impression followed by a more detailed analysis but nothing crazy. Then they weigh it. That's it. Then depending on what the spot price is for that particular day that's what you will get paid minus a few dollars per ounce. Dealers really don't care where the metal was produced, so long as its Authentic silver, gold, platinum etc. All the way through and through. This is why I only buy .999 or higher. Makes things less complicated during resale time.
Just for the record; I have bought and sold silver and gold minted by well known and not so well known companies. I have never had a problem selling any of them. The dealers are all the same. They sell at a small profit above spot and buy at a slightly lower price than spot. Never have I had a buyer tell me they would not pay the same for any mint brand. Also, my understanding is that when gold was confiscated it did not include coins. If this is correct than coins do hold an advantage over bars. I personally have owned both.
Just my experience.
Thank you for sharing! I believe what's important is weight and purity (999). Brand does not matter.
@@jazzyk4046 yes, absolutely! I only have dealings with .999 metals other than the few times I have sold jewelry.
Do you want to know more about crypto currency investments? this is a great opportunity for you. Let’s talk now if you’re interested.👆👆
Thank you for the information
yes excellent and concise enjoyed video. Investing gold and silver since 01/2023
Imagine launching that huge brick of silver at someone
Lifeless I’d like to launch it right into my closet.
They way your mind works is fascinating.
75lb bar I'd be impressed if they threw it at all.
Hilarious
That places gift shop must be OFF THE SCALE awesome! 😂
Working in a Bullion does wonders for your skin! Dude you're shining
1:49 i didnt even notice the behemous silver block till he pointed at it
I question the purity of that kilo bar... you might want to send it to me and I'll check it for you 😉
Never been offered more for my silver eagles than my generic rounds. Maybe i was just unlucky but i stick with lowest premium generics and "used" randoms.
lol ASE premiums are over 40% right now.
Do you want to know more about crypto currency investments ? this is a great opportunity for you. Let’s talk now if you’re interested.👆👆
First time visiting this channel. Thank you very much
I’m here watching the entire video while having $2.58 my bank account 😂
My account is negative right now, enjoy that 2.58🤣😂
knowledge is power, learn and excel.
Loser
@@teachpeace3694 why dont you look for a job instead of being on here......you have enough money to own a phone or computer to come on here
Yeah, but think of all the interest you're making on that $2.58.
Wow. I'm not a believer in stacking silver bars, but now I might buy some. My stack is all coins!
Bro silver is the shit believe me
@@arabianeyes I bet you said that to deprive people from buying it :)
@@maltrhythm105 huh? I meant its the real deal bro thats the shiiiiit😃😃
Thank you so much! Highly informative!
Glad it was helpful!
Great video man, Very helpful indeed 😲👌
I'm broke and new to this, but I'd find coinage to be more useful for smaller transactions than bars in a currency disruption situation.
Do you want to know more about crypto, this is a great opportunity for you. Let’s talk now if you’re interested.👆
Thank you Mark for a well done video on the differences of buying different weights. As a newbie to buying precious metals your honesty in this video is so very much appreciated. Thanks again
This is Crazy Actually, WOW< Soo Much Gold In One Place, Just WOW, And What A Good Tips, Thanks . Brilliant Video
Thank you , this was really helpful.
Thank you so much
Silver is also obviously cheaper to accumulate over time if you can't really afford gold but one of my rules of thumb that I don't think is ever mentioned in these kinds of videos is that if you do coins the ones with currency attached to them tend to be more collectible and reliable. If you're just buying it for the silver you might as well go for the cheapest most reputable coins to have the highest turnover, hell I would just stick to bars at that point. With bars often being not as collectible as coins and turnover is usually just for the current price of silver it would actually be more liquid than coins because of people selling coins for collectible value.
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I just wanted him to clink the shit together the whollle time...I just want to hear the clinky noises it makes.....I’d do it myself but those are expensive clinkers!!!
when they're that big, they dont clink, they chunk kerplunk...
GOLD IS SAFE INVESTMENT THAN CRYPTO
Thank You 🙏 for the video. It truly helped and answered some questions.
Glad it was helpful!
You're correct in that it is just as easy to sell a bar as a coin to a dealer as yourself. But a coin is easier to barter, it's more trusted by those that so not understand or have the testing kit that you do. Coins might have a bigger buy premium but also as you rightly say, often have a bigger sell price too. My opinion is If you're confident of being able to sell back to an honest dealer, like yourself, buy bar everytime. Otherwise coins are recognised and appreciated in many circles of society stick with what people trust.
Yes, that's true. May I add that the purity of coins sometimes matters when you sell? I tucked two gold coins in my luggage when I went to spend 3 months in Taiwan. I need money, so I took them to a precious metals/jewelry shop. They eagerly paid me full price for my Canadian Maple [.999 pure], but didn't want my Krugerrand [about 90% pure]- it "looked funny".
I wouldn't touch silver or gold in a barter situation in a crisis. Just stupid risk taking.
After watching this I realize now that my entire working life didn't amount to Jack Squat!
Very obvious young man
How many years did you work?
What makes you write this comment?
Welcome to the American way!
At least you aren’t livin’ in a van down by the river...
Thanks! Excellent!!!
Mate, thank you so much for your insight on this topic. Finally, someone that explains this topic in a fantastic and easy to understand way. Thanks again mate! Keep up the great work!.
Cheers
Michael
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I prefer smaller weights these days for silver, 10oz and below. Have a stack for each occasion.
the apocalypse wont happen in your lifetime lol
I was your typical noob. After surviving the early days of crypto, I decided to move to silver. I'd read somewhere: "Sell your silver when measured in acres, not US dollars." What I couldn't believe was everybody making a big deal of price increases of OMG...pennies over years! I was like, "You're kidding, right...PENNIES??" So I chose a 100 oz Johnson-Matthey bar and I didn't care about the premium. Or the spot price. I was accustomed to crypto going up/down $200 or more in one hour!! LOL. Now I'm glad I have my silver because we're soon likely to see a derivatives bubble burst. And I HODL.
I’m watching this at the peak of 2020 Coronavirus. I have toilet paper in my vault right now and it would appear that it’s more of a commodity than both Gold or Silver.
I got you beat by, hand sanitizers and face masks, ha!
But we should work together, I'll have my people call your people, that way we can corner the global market :-p
I saw some asshole from a certain foreign country that eats bats, selling *one* paper mask on Amazon for $189. He had twenty of them. I contacted him through Amazon and "thanked" him for his compassion. The next day, he only had 15 and had raised the price to $239. I suspect he still had the 20 and was trying to convince people that others were actually stupid enough to pay that much, but who really knows? I'm a prepper and was smart enough to buy 25 for myself before everyone starting panicking over them. If I knew someone who needed one, I'd just give it to them, FFS.
@ That's insane, but some poor smuck will buy one or all of them, due to desperation. I'm not a prepper as such, but I always have plenty of long shelf-life foods, all I did was just buy a little extra.
But the way that people have been getting into physical fights over toilet paper, is just nuts.
@@lowpinglag That's exactly right. Non-perishable items that you use all the time should be bought in bulk to save money, and to give you a little cushion if something like this ever happens. If you just buy a little extra of the important things every time and stash it away, you never have to worry about running out.
Having a freezer is nice too, but there's always the chance the power will go out. Most canned food will last a good ten years.
Supply and demand my guy