Gold Buying Basics & Secrets From A Local Coin Shop Dealer

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  • Опубликовано: 29 ноя 2024

Комментарии • 98

  • @farmerjones5479
    @farmerjones5479 Год назад +6

    $20 was approximately one month's wage for a man in 1928. Gold is generational wealth. Great video!

  • @MikeGold22122
    @MikeGold22122 Год назад +9

    Great video...Paul Kruger is depicted on the coin. Rand is the monetary unit of the country. 1967 first release. New Sub here.

  • @bigdogs-29
    @bigdogs-29 Год назад +12

    I love this new formattttt!!!

  • @silverliner4894
    @silverliner4894 Год назад +18

    My favorite gold coin is the AGE. It has a full ounce of gold plus it has silver and copper. As far as the lowest premium, the Philharmonics are definitely my
    favorite. The only thing I have against bars is they are prone to being counterfeit

  • @jeffkeller9009
    @jeffkeller9009 Год назад +9

    I like the Brittania because of the security anti-counterfeiting features. Micro engraving and micro printing.

    • @loafersheffield
      @loafersheffield Год назад

      I own some Britts, but the premiums above spot on fractional are ridiculous. My preferred bullion and coin dealer charges 15% on 1/4 Oz. Britts. 2.75% on the 1 Oz. Only 3.75% on a sovereign (same weight but 22K)
      Regularly purchasing in ounces is a little to rich for my wallet.

    • @InappropriateShorts
      @InappropriateShorts 10 месяцев назад

      Brits are literally the best product in the market. they can keep the well counterfeited AGE’s and the Valcambi bars

  • @OCStacker
    @OCStacker Год назад +7

    As a dealer I found your video incredibly honest and forthcoming. I preach this same idea to my customers as well. I wish you much success with your LCS. GREAT VIDEO.

  • @OhYesYes-l6o
    @OhYesYes-l6o Год назад +4

    Wow!! I really loved your show today. Thanks for touching on that slabbed gold. I have never bought that for any reason. Again, this was a great show today. Thank you.

  • @stephenf1562
    @stephenf1562 Год назад +3

    Love the new format with you showing product. Keep it up!

  • @goldsilverjunkie
    @goldsilverjunkie Год назад +3

    Happy Sunday morning stackers

  • @Wombats-1
    @Wombats-1 10 месяцев назад +1

    Every year some mysterious person deposits one Kruegerrand coin in the donations bucket at a random store where I live. It took a few of them to realize this was intentional, they thought maybe some little old lady didn’t realize what she donated, but every year around the same time the same secret Santa deposits another coin. I’m pretty sure they are the one ounce. I smile each time I hear about it. God has a special place for people like them. I hope to be able to do something like that later on

  • @Eli-qr9hc
    @Eli-qr9hc Год назад +4

    Good info.
    I have stacked more 10oz bars this year than any other year. I also bought more 1/4 oz gold (Britannia, Phil’s, and a few maples. I couldn’t spend the extra 40.00 on each 1/4oz AGE coin.

  • @golfncrypto1542
    @golfncrypto1542 Год назад +8

    So what I’ve learned recently is, that I think I should focus more on “what I’ll get for my gold” rather than “what’s the cheapest premium at time of purchase”.
    I think I like focusing on US Silver & Gold just bc I know I’ll get a better price when I go to sell. Silver Liberties & Gold eagles & buffalos ONLY for me!
    I’m not a collector, I treat my stack as a savings account.

    • @InappropriateShorts
      @InappropriateShorts 10 месяцев назад

      That hasn’t been true in my experience

    • @golfncrypto1542
      @golfncrypto1542 10 месяцев назад

      @@InappropriateShorts and that’s why you got more $ tied up in premiums that you’ll never get back.

    • @InappropriateShorts
      @InappropriateShorts 10 месяцев назад

      @@golfncrypto1542 you don’t know what I have. US gold and silver has the highest premiums

    • @jjsneed8060
      @jjsneed8060 8 месяцев назад +1

      Actually when the price goes up they pay the same no matter what you have. That’s what happened whenever it went to 50$ an ounce.

  • @rubbertoe4342
    @rubbertoe4342 Год назад +5

    I did like the change in the video compared to your regular video, or maybe it was just the Gold color on my screen.

  • @showpro1178
    @showpro1178 Год назад +4

    "Oom Paul" Kruger, Brian . I believe he was the first President of South Africa .

  • @claytongehrke2176
    @claytongehrke2176 Год назад +4

    In Canada gold must be four nine’s fine to be eligible for use in a retirement account. This way canadiens have to buy Canadian gold.

  • @HERMOSABEACHGUY
    @HERMOSABEACHGUY Год назад +2

    I like the livecam view, but I need my fix of bird kickers too.

  • @madness03
    @madness03 10 месяцев назад

    excellent points and easy to follow and understand the worth & value of gold you have presented a wonderful video thank you

    • @madness03
      @madness03 10 месяцев назад

      i’m in miami i will visit your store soon

  • @constitutionaljb1751
    @constitutionaljb1751 Год назад +3

    what would be your buy back eagle's and buffalo compared to bars

  • @troyshore3357
    @troyshore3357 Год назад +2

    Do you think it’s better t buy 1/4 oz v 1/10 Oz gold eagles I try t buy two a month but it really adds up over the years?

  • @bhoward9378
    @bhoward9378 9 месяцев назад

    New subscriber here with perhaps a naive comment about gold bars versus gold coins. The Buffaloes fetch a higher price because they are worth more. Yes, an ounce is an ounce is an ounce... yet, the Buffaloes fetch a higher price on the market. But you put it an interesting way: I would definitely prefer to own an additional ounce of gold. Or would I? (since Buffaloes command a premium when if I have to sell them.) Fascinating video!

  • @chiefordnance
    @chiefordnance 11 месяцев назад +3

    The GOLD and Fractional EAGLES are not .999 gold. But the BUFFALO is. 😊

  • @Thomass7878
    @Thomass7878 5 месяцев назад

    My thoughts about bartering, silver/gold or the same as yours. I’m using this as a fund for hyper inflation basically retirement. If the wife and I want to take a trip, just sell an ounce or two and I have my trip funded.

  • @QuadTap
    @QuadTap Год назад +3

    how do you feel about Mexican 50 pesos 1.2oz gold Centenario? fairly recognizable in the US and super low premiums usually

    • @DrSchor
      @DrSchor Год назад +1

      i feel that they are fairly recognizable in the US and super low premiums usually

    • @awakenotwoke4830
      @awakenotwoke4830 Год назад

      I'm on a Mexican kick lately. Beautiful coins, can't beat the low mintage if the premium is right.

  • @markhall1364
    @markhall1364 Год назад +2

    Great info ...well presented as usual

  • @CT-ig2oz
    @CT-ig2oz 10 месяцев назад

    Thanks great advice. I am new on your channel. Like it . Thanks for your honest and helpful for new people interested in Gold have a knowledge to save $. 😊

  • @InappropriateShorts
    @InappropriateShorts 10 месяцев назад +3

    I always find it odd that dealers will sell you ASE all day at 30%-100% premium but as soon as you ask for fractional gold they’re all “dont buy that 😳the premium is too high”
    🤡🌎

  • @TS1r731
    @TS1r731 Год назад +2

    Is it true that you will receive more on the back end by investing in the higher premium products? Can that difference in premiums ever balance?

  • @NonMonFrere
    @NonMonFrere Год назад

    Going to come by the shop in a couple weeks while in town!

  • @steveysais8264
    @steveysais8264 Год назад +1

    Excellent tutorial BK!

  • @pauldockery1747
    @pauldockery1747 Год назад +1

    Thank you

  • @M-J_kiwi1979
    @M-J_kiwi1979 Год назад +1

    We have to pay g.s.t (tax) on Krugerrands and gold eagles in NZ because they aren't 24k gold. So they aren't very popular unless you buy them in the secondary market

  • @RealPerthMintStacker23
    @RealPerthMintStacker23 Год назад +3

    Not a fan of bars, I prefer buffalos, eagles, libertads and Perth mint gold

  • @edwardscissorhands4007
    @edwardscissorhands4007 10 месяцев назад

    POWERFUL VIDEO

  • @jameskelly9243
    @jameskelly9243 9 месяцев назад

    You can beat online price ? Is that with free shipping like SD.?

  • @Dieta-Pepsi24
    @Dieta-Pepsi24 10 месяцев назад

    Hey 👋 im a new subscriber 🎉 names Braden but even calls me Bee 😊🐝 so far you're teaching me some new strategies so thank you 🙏 and God bless y'all ❤️

  • @Elissaandelynnealsodaisycrazy
    @Elissaandelynnealsodaisycrazy 10 месяцев назад

    The question I have is during Germany hyperinflation did the price of there gold go up per ounce just like you said the German marks took more to buy with did the value of ounce gold go up also if so then I thought that is what you were trying say

  • @horsewhisperer3708
    @horsewhisperer3708 10 месяцев назад

    Excellent!

  • @jlcougilljr
    @jlcougilljr 10 месяцев назад

    so what company produces the gold buffalo 1oz. rounds???

  • @vm.999
    @vm.999 Год назад +1

    Liked and subscribed

  • @CWO3-uscg
    @CWO3-uscg Год назад +2

    Would it make sense to turn over my fractional coins to ounces? If so, how much would I loose?

    • @tubesoupio
      @tubesoupio Год назад +3

      Absolutely not! Fractional coins are the most liquid and useful. That's why they cost more than the big coins...hold on to them!

    • @DrSchor
      @DrSchor Год назад

      if you already know you will lose, how can it possibly make sense?

    • @jameskelly9243
      @jameskelly9243 9 месяцев назад

      You paid the premium already .. So NO

  • @Phillip-n3g
    @Phillip-n3g 10 месяцев назад +1

    Form my research germans did use gold durin hyperinflation but not coins just s few links from a chain + forgien currency+ barter+ but yes no big gold coins as it would be a rip off.futhermore durning hard times having a social network is very important.

  • @roberthainline4552
    @roberthainline4552 Год назад +1

    How pure are those gold bars and are you saying that they sell between 80 and $100 for an ounce?

  • @roberthainline4552
    @roberthainline4552 Год назад +1

    Help here are those bars?

  • @zipperfixer7007
    @zipperfixer7007 Год назад +2

    I like your red hair.

  • @welchkoservices4200
    @welchkoservices4200 Год назад +2

    Bee 🐝 well all

  • @Wombats-1
    @Wombats-1 10 месяцев назад

    Nothing like a rough gold bar, they just command respect

  • @heidigib01
    @heidigib01 9 месяцев назад

    Venezuela is still using gold and silver.

  • @lyndacompton1846
    @lyndacompton1846 Год назад

    Where are you how come you're not putting videos up anymore

  • @el4174
    @el4174 8 месяцев назад

    💎

  • @georgemontgomery9422
    @georgemontgomery9422 Год назад +2

    If the U.S. wanted to increase its gold holdings, they would print more federal reserve confetti and buy it.

    • @tubesoupio
      @tubesoupio Год назад +2

      But ALL politicians are too busy lining their own pockets to worry about the general health of our nation. #EndTheUniparty

  • @awakenotwoke4830
    @awakenotwoke4830 Год назад +2

    There are just too many fake bars out there. I wouldn't touch a bar online or one second hand. It's just easier to verify a coin.

  • @claytongehrke2176
    @claytongehrke2176 Год назад +6

    As far as confiscation goes, the might get the vaulted supplies, but going door to door isn’t going to happen; too many ar15’s.

  • @rubbertoe4342
    @rubbertoe4342 Год назад +3

    Nice watch!

  • @christophermolick7653
    @christophermolick7653 11 месяцев назад

    I want the ‘82 that’s my birth year.

  • @michaelmatthews6421
    @michaelmatthews6421 Год назад +2

    ☕️

  • @michaelporter5679
    @michaelporter5679 Год назад

    I Just subscribed I really like your channel it’s very informative. I don’t live in Florida unfortunately, I would definitely come and see you if I did though. But I do have family that lives in Florida so maybe when I go and visit them I can come and visit your shop. I unfortunately do not have any LCS near where I live so I have to use an online coin dealer and I’m at the mercy of their prices lol. I do have a question, do you think buying foreign gold is good compared to pre-33 gold coins? Which coins would do better on the resell?

  • @Josephine-sm2db
    @Josephine-sm2db 10 месяцев назад +3

    CBDCs coming soon

  • @jonathanbengordon8984
    @jonathanbengordon8984 10 месяцев назад

    You don't hoard currency in your mattress. The choice is between investing in assets thst pay compound interest- money market, bonds, stocks with dividends, even real estate- or gold which is a speculative commodity that you hope will increase in value even tho you lose 5 per cent when you buy it, and another 5 per cent when you sell it.
    I own gold, it's fun and I make a little money. But for my future?
    The stock market goes up about 7-10 per cent year after year.

  • @businessaccount1752
    @businessaccount1752 10 месяцев назад

    No matter if it is three 9s or four 9s it still has one toz of gold in it…..

  • @alastairstaunton7081
    @alastairstaunton7081 10 месяцев назад

    They may not take your gold but they can easily impose a sales tax at any level. So they just take a share of the value every time it's traded. You still lose.

  • @Denice340
    @Denice340 11 месяцев назад

    But if you put $20 in your mattress in 1928, today you would have $20.

  • @rubbertoe4342
    @rubbertoe4342 Год назад +3

    What about Watches. Talk about watches next time... thanks

  • @cashcow4383
    @cashcow4383 Год назад +2

    if you put 20 in the sp500 in 1928 you would have $448,000. way more.

  • @sku32956
    @sku32956 Год назад +1

    when shops talk of German hyper inflation it's time to leave .

  • @billbaker4379
    @billbaker4379 Год назад

    I buy collection forms of gold
    I have paid 6 thousand for 1 once
    You say I will never get my money back

    • @DrSchor
      @DrSchor Год назад

      you will

    • @asspaddler
      @asspaddler Год назад +2

      He never said that.
      What are you talking about?

    • @Doctorlockpick
      @Doctorlockpick 11 месяцев назад +1

      Take it to a few different coin shops and see what they will pay you for it. They will probably pay you spot. You can't just sell collectible coins fast like you can maple leafs.

  • @TerrySaylor-zs8dh
    @TerrySaylor-zs8dh 11 месяцев назад

    Like how. Much for a 20 dollar silver certificate very good grade

  • @bornforfreetaxtothedeath..7542
    @bornforfreetaxtothedeath..7542 6 месяцев назад

    Dont forget about liquidity and not just most off the gold for your dollar...
    Think about exit strategy and how popular your stack is, so u can liquidated if needed fast...

  • @TerrySaylor-zs8dh
    @TerrySaylor-zs8dh 11 месяцев назад

    How much would you have to pay for a 1928 paper 20 dollar bill. Not a good example.I guess it would how clean your paper bill was.

  • @TerrySaylor-zs8dh
    @TerrySaylor-zs8dh 11 месяцев назад

    How much for a old gold coin in MS 67, I think your scewing your numbers

  • @vm.999
    @vm.999 Год назад +1

    🫡

  • @TerrySaylor-zs8dh
    @TerrySaylor-zs8dh 11 месяцев назад

    He's stacking weight

  • @TerrySaylor-zs8dh
    @TerrySaylor-zs8dh 11 месяцев назад

    Give me 1 old Roman coin which there only 3 known to man.what 3mill or 4mill,apples to apples

    • @petertosh4748
      @petertosh4748 9 месяцев назад

      But 1000 in China just waiting for you..