There's not a last chance to buy gold, or at least I've never bought into that. I can't plan anything personally when I expect a catastrophe around every corner. If I did that I'd probably have an ulcer. Tanking sensible precautions, like buying gold regularly is easier for me and on my state of mind. Thanks!
Been buying since it was under $1,000.00 was shocked to see it going over that price. Still buying today its never too late to buy gold. we can never predict the price of gold regardless of the scenario, just my opinion. I don't give into media or anything anyone says just keep my head down and buy when I feel like it.
I jumped into the deep end of the pool in 2016 and I feel like the more I learn, the less I know. You are the singular channel that is not selling fear. I learned that I am an emotional investor the hard way. I can't tell you how much I appreciate how you laid out 3 potential scenarios to consider, and your thought process so one can make the best educated decision. I have read books from Dalio, Rickards, Kiyosaki, and listened to most esoteric Bix Weir to the seemingly sound Mike Maloney. I have purchased costly newsletters. My question to you 2is1 is, what is the best way to educate oneself, without having a formal education in economics or finance?
As somebody who learns by doing, I carved out an allowance from my monthly budget and started making some educated guesses on where it would do well. Reserving a portion of your income like that is the biggest part of the whole thing in my opinion. I’ve read/watched all of those personalities as well. Real estate works a lot like investments and gold but at a higher level. I think there’s a lot of great information out there, but unfortunately the Robert Kiyosakis of the world sell the dream rather than the reality. I try to find people I know personally and listen to what they do. My Thursday night poker game gave me more insight into how others make money than any formal education. Not sure much of this is helpful, but to break it down, I think it’s about small steps and finding smart people. Good luck!
I envy your collection. I've got 5 buffalo in total and they're all in plastic 😂 you're over there like let me just drop 10 of these on the table with my bare hands. 🤣 I'm trying to get to your level my friend. I hope the price doesn't go up too high because Id like to get a couple more buffalo in 2023. I just need a few months before stagflation hits if it does at all. Great video as usual.
Hello 👋 I have closed my Gold Bars stacking for this year. I have achieved 23.3 tolas so far. . Looking forward to next year 2023 stacking. Planning to Stack hard and passionately next 4 years. Today our Spot price for Gold Bars closed at 172,500 local currency 💵. As far as 2023 Gold Bars stacking year, honestly I don't care because I will keep stacking Gold Bars no matter what.
I believe gold and silver will see major gains relatively soon (1-2 years) I feel the "disturbance in the force" like most people. That uneasy feeling that something just isn't right. The epic money printing and the less demand for US treasuries by other nations leaves me to believe those funds need to go somewhere. I would assume if less dollars are needed in the market, they probably wont just sit to slowly evaporate. I think nations will want to get rid of them. Not sure the mechanics of how it works when most of that money comes back to our shores. I dont think it will be to OUR benefit though.
I had that "something's wrong" feeling for years. Started in 2008, probably went through 2018. I wish I could go back and tell myself to shake it off. 😄
If something ever does happen, it will happen so fast you’ll have no time to react. Where it’s bank holidays or China/Russia announcing a petro dollar alternative overnight. This is why it’s important to buy now as insurance.
@@mikeg2491 Agreed, Mike. People who are oblivious to today's problems or who think that they can wait until the right moment to do just the right thing WILL be over-taken by events. I never worried about the "when" of it, only the "that" of it. When one is as ready for hard times as they can be, *when* doesn't matter. When only matters to the unprepared / procrastinators.
I'm new to stacking, I only started in October. My average price I've paid so far all-in is $36 Canadian Dollars per oz (about $26.50 USD), and my stack is about half sovereign coins (mostly Maples) and half rounds like silver buffalos. Right now a 1 oz generic silver round is up to $39.50 CAD and a random year Maple or Britannia is $41.50 CAD, which seems too pricey for me. I'm waiting for a pullback closer to my average cost to buy more. Which will probably be a silver spot price around $20 - 21 USD. If prices drop that low I'll load up. If prices go up instead, oh well, I'll just wait and see. I'm trying to dollar-cost average once a month when I think prices are low. But if there's a month when prices seem too high I'll just skip that month.
You started the exact same time I did. Since I have purchased about 4 oz of gold. Spot prices were $1632-$1700. I consider myself lucky. I already earned my premiums back. I started silver towards the latter part of November. Think my average price is around $21.50 spot
Hey man. I'm from up here also. Please make sure to shop around and have these sellers price match. I've done a lot of looking around to find good deals. 👍
But let's be honest, all 3 scenerios involve a strongarm push into CBDCs. So even soft landing leaves a lot of us putting the remaining dollars into ANYTHING besides QR servitude.
@@2is1gold These are people who make goals by the month, year, decade, 5 decade, and century. (Not like conservatives who can only think about the next election.) They won't make it by 2023 but they're fine with that.
@@2is1gold Wouldn't that depend on how long they've been at it? If it's only a year or two, then no way in 2023. If its a decade or more, then maybe so.
i think it depends also if you are a new or current owner of gold if you are asking yourself this question, i feel for those that have alot stacked up already prob wait for better prices while those with nothing would still hop in as like you say gold is a very long game and if anything is more less a glorified physicall savings account.
I've had a drink in many last chance saloons and had the hangovers to prove it!!! But I think we will have plenty more buying opportunities left for Gold. I think we will have a 2023 window to buy Gold at an 'affordable' price, however I think the geopolitical situation later in the year will put Gold and Silver sharply into focus and that is when the fun starts.....it could be one hell of a roller coaster ride, but I would rather be holding PM's than rectangular pieces of paper with a bit of ink on them!! 🚽
I ordered another quarter ounce eagle yesterday. Gonna dollar cost average and stick to a schedule. Need 14 more to fill it but also putting into silver. I collect ASE's and Libertads as well just to fill the tubes and handle my OCD. Hope to finish filling my tube of them sooner than I have planned in 3 years or more since I'm on a VERY limited income. Literally just over $12000 a year but even on that very limited income I'll be continuing to stack.
@@marcusc9620 before making a purchase I have a tab open for ALL the reputable dealers and put the coins/bars I'm looking to get in my cart then see which place is the cheapest. I literally spent $50 less than I would have on an eagle just by looking around
my bet, 2023 is a good year to buy the dips of an upward trend in gold price. the push for de-dollarisation of commodities, cbdc’s, and expected global recession are factors to consider.
I started buying heavily again at the end of September. I just felt the major price moves to the downside were behind us. I didn’t just buy precious metals either but the entire market. I guessed right so far.
I'm buying to hold for a minimum of 5 years to store wealth. So it is what it is. I'm buying regardless. Just gotta buy in on the best deals possible. Which is currently gold maples from SDB.
100 years ago, 150 oz of gold would buy you a little house. 50 years ago 150 Oz would buy a house.. today 150 Oz would buy a house (as long as you don't live in a blue state🤪🤪) Gold remains the same in wealth. Everything else goes up and down
I don't think this what your channel is about ... but in the event you are open to fielding topics, I wonder if you have opinions on IRA's the hold metals. Throwing that out there ... Thanks !
It’s not ‘the price of gold’ that really matters. It’s the ‘value of the dollar.’ The Fed will water it down, no matter what. They can’t help it. The USD is at high levels now. Do you think it’s going to go higher? There is your answer.
1) Whatever the scenario, gold prices will begin to adjust very soon (Q1).Trade accordingly retailers. 2) Basic asset mgmt is positioning for the highest probability of success (which is to the upside). Good luck blokes!
Less inflation = rising gold prices. I take that as a market signal that the the Fed easing , which always goes to the wealthy first, is combined with their pessimism. But anyway its definitely not paying attention to inflation. its following the Fed.
I keep hoping that the price will drop, and I think it will briefly when the market tanks, but I don't think that will last long. I think we will probably be setting a new high in the next 6 months or so. Bummer. I was hoping to have at least a kilo stacked before we see major price increases.
Excellent message because there is many people in the business telling people to buy as much gold as you can now. No different than the pump and dump in crypto. I don’t call it currency because it isn’t in my opinion. Gold and silver are more of a currency than crypto.
if youre just getting in the game i suggest buying what you can find for the best price in 24k pure for what you can afford. for silver i like 1oz bars with minting of your choice, 1oz round maples, brittanias. dont pay the premium for silver eagles. set a goal to fill at least 1 tube. after you get there go back to gold. big form is usually better bang for the buck. small form to get your weight up. dont break the bank. just spend what you can afford which is basically what i learned from this channel and am enjoying my own stack. if i were start over right now i would buy strictly 1/10th gold eagles and ignore all the other great stuff out there and better deals to be had and how much premium id pay over spot until i hit 100 pieces. stupid? yes. but if i had 2 tubes of 50 1/10th gold eagles i personally think thatd be pretty cool
I finally have a Sunday off. I got $10,000 and there’s a coin show on that Sunday. I’m going to go to it but I don’t think I’m gonna buy anything. Maybe get a sheet of maple grahams or something. I really want to get 5 ounces of platinum to finish my goal but I don’t like paying over 1050 with premium because it always drops down to 850 as soon as I buy it
Still buying just bought 4, 1oz Gold Britannia's and 3 ,10oz silver Britannia's bars ! Still buying the deals ! As the dollar is de valued it will get more expensive easy ! ups and downs $100 !
If someone has 5 to 6 grand available in cash to purchase some precious metals I believe it would do better in that market than sitting in a bank depreciating over the course of say the next 5 to 6 years. Is that safe to say?
I'm not worried about precious metals prices due to the economy. That's the last of my concerns In in a rush to buy as much as possible because the BRICS nations are currently buying up everything & *I'm even MORE worried about the impending US CBDC* that's likely gonna be implemented within 2023
@@fnuclone1229 Thanks for that info. I looked into it and found several references to it, one of which was: "Iso 20022 - World class payment processing". Seems to me that this easily could result in yet another "world class" screwup that could make 2008 look like a Sunday picnic. This is not diminishing my desire for a bigger stack of PMs and a smaller stack of US$. Fortunately, stackers can solve both issues at the same time. 😀
@@2is1gold The powers that be have been working on the concept of complete monetary control for longer than we think. And I think we are a lot closer than many realize. The technology is here and in place.
Time in the market is more advantageous than timing the market. That being said, does it matter how much I buy at if I still don't have any? Really want a $100 liberty but probably go for a buffalo, might get a $100 platinum just because of the price . I'd much rather add gold to my stack of Eagles
I'd love to hear a video on your thoughts about using gold to operate outside the "system" if you could actually live your life using mostly gold.. asking for a friend.
There is also the bullish case for a drop in gold. A forced liquidity event would cause a heavy drop in the paper price while still in a recessionary/stagflationary environment. In that event, you might want to back up the truck in long-dated calls on Wheaton, Ashanti and Newmont.
Unfortunately any sizeable drop in spot will be accompanied by physical non-availability. Anyone sitting on the sidelines waiting to jump in may be sorely disappointed when they can't find any physical gold to buy.
@@Keifsanderson Typically, prices are fixed at spot when buying physical. While sudden drop in paper prices may spur a retail rush into physical, that will be expressed as a delay more than anything. With that said, some smaller suppliers may simply refuse to sell inventory until price improves so order through Miles Franklin or Sprott
I mean what has changed? Last chance? Buying metals is a conversion. I hope the price of gold and silver go up. And when it does I’ll continue to convert some cash. It’s really simple. A person could buy metals in a vacuum without any outside information and be just fine. Easy-Peasy!
Why buy gold at these prices with these premiums? I am just guessing that the best time to buy something is when nobody can afford it and the price goes down.
I bought #Silver 8 weeks ago I'm up over 30 % expecting a pullback from over bought condition I also bought a handful of 1/10 Oz American #Gold Eagles at the same time
Very good question. I wish i knew the answer. The exponential increase of paper money or better mouseclick money sounds convincing to me. But convincing does not necesarrily mean correcct
Interested in your thoughts on the recent Arab summit with China and the Gulf States where China is proposing paying for their oil in Yuan instead of Dollars. This seems to be a big move, especially with the soured relations between the Biden administration and the Saudis.
Very big move if it happens. There's still a lot to say about snubbing the largest economy in the world, though. I think both Saudi Arabia and China have a lot to lose.
Ask yourself the following... would you rather have this month's wages paid in dollars or yuan? Yep! Every time the Saudis ask themselves the question, they arrive at the same conclusion as you did. So here's that.
I have collected coins since 250 spot and I just like coins especially US commemorative and medals I just like it. Weather the price goes up or down I buy.
Remember that gold and silver are for insurance against a weaker dollar. That will continue to happen over the long term. That is how the system is designed
I’m coming into about $240k this year from an inheritance and I’m going to invest it but just wondering if I should hedge my investment with partial purchase of gold.
You gotta check out the latest chart of the interest payments on the debt. Something like $790b. I think it will soon be the largest single expense of the fedgov. That’s a growing thing that will stop us from returning to oh this is just another cycle like all the others. If it isn’t, how so? This is related to gold, I swears. 😂
Ha, yeah. The numbers are staggering, and I don't know how any of it makes sense except to say it's been constructed to not make sense. Maybe the fact that it doesn't reconcile isn't the part to be worried about.
@@2is1gold Well, I thinks it’s something like this: like making only minimum payments on your credit cards but borrowing more and more to be able to keep making the payments. This works for a long time. But at some point, you can’t afford to pay even the minimums (because those keep growing). In the gov’s case, the interest payments are on bonds, and if they just print more money (or people stop buying the bonds) they eventually have a cash flow problem. They have taxes as income, but that’s in deficit quite a bit these days. The cycles (QE/QT) get closer and closer together until they go bust. We seem to be in that faster and faster stage.
I live In Egypt and there’s inflation and prices are going crazy and since we use US dollar in import and export the Egyptian pound currency rate is going down almost for the third time in a year they call it floating of the currency. so I exchanged to few US dollars from my savings almost four month ago and the rest is gold I started buying at the beginning of last month and I had no other choice but I’m afraid because it’s just a leap to avoid losing anymore from my savings just for a couple of months and then I’m out . Open for tips and advices
I boughta silver eagle brand new in 2011 for $80. I had bought it for a pocket charm when I was made a godparent. Alas the coin was stolen from me. Now I have a 1949 Franklin that was given to me as an early Christmas present. I carry it for the same reason. My late parents were born in 1949. My father died in 1989; my mother 2021. It shall be the now technical beginning of my silver/gold stacking crusade but I want to get my hands on a 1949 gold coin. And neither will be gotten rid of. They will both be reminders of my parents as well as the starts of my respective sides of my precious metal collections. I'll probably aim for a 1/10th ounce if they were made back then. If not then the next best thing.
Sorry to say; but You leave out the fourth point. Perhaps the most realistic? Namely that owning gold is criminalised, after the authorities have given you an offer to redeem all the gold you own. President Roosevelt did it in the 'Hard Thirties''. It was only after more than 40 years that Nixon legalized owning gold again
@@2is1gold Also not the case that 1930s society was not litigious like it is today. Such a blatant private property grab would never get past the lower federal courts, let alone SCOTUS.
A recession is here. After Christmas comes hell. Irony. Prices of gold and silver will drop dramatically though 2023 fro lack of demand mostly. Just my 2 cents.
What will happen is that it will lose about 1/3 of its purchasing power due to the reduced demand for US$ around the world. Loss of WRC status is nothing new. Other nations have gone through this over the centuries and it's not good for the people of that country. This is one of my reasons for stacking. The others include supplemental retirement income, certainty in the ability to pay my property taxes, and any black swan events that come along and bollix things up.
It won't lose reserve status, it might lose dominant reserve status. The only reason I point that out is that it won't be an all or nothing state. World orders change. Cheers!
Digital currency will take is placed and as for status ss soon as white Americans become the minority currently at 57% white European the dollar and the nation will become like South America
@@2is1gold Take a look at the several other nations that once had WRC status and no longer do. This is not merely possible but is part of a currency problem that recurs after the currency and their power in the world has been abused and others are sick and tired of putting up with it. It's likely to take time, perhaps a fair amount of it, but it will happen, IMO, just as it has before. Anything that has happened before can and likely will happen again.
Recession: two consecutive quarters of negative gross domestic product (GDP) growth. If you're living in USA you ARE already in recession. Americans are like: walking in the rain all wet but saying it's not raining cause on the TV they said it was gonna be great time today.
No it’s NOT TOO LATE ! Sell everything you can and or take the biggest loan on your 401k / sell car / borrow and then buy Gold and or Silver NOW 🎉 This is your chance of a life time to be a Millionaire !💰💰💰💰💰
Now, that's hilarious. I once read the VERY same message on an investing channel some years ago about flipping houses. And then 2007 hit and the bottom fell out of the RE market. Never heard from those folks again.
![The [Avoidable] Pitfalls You Need to Know on Gold and Silver Ownership](http://i.ytimg.com/vi/-iMAQ1x1M70/mqdefault.jpg)
There's not a last chance to buy gold, or at least I've never bought into that. I can't plan anything personally when I expect a catastrophe around every corner. If I did that I'd probably have an ulcer. Tanking sensible precautions, like buying gold regularly is easier for me and on my state of mind. Thanks!
Agreed. ("We suffer more in imagination than in reality.")
Something like “a coward dies a thousand deaths, a brave man, only one.”
@@HagarTheHODLer love it so true
If you have a decent position on metals it is irrelevant, it is only if you have nothing you have to worry of that.
That's just crazy talk!!! Buy now before it's too late!!! Lol
Been buying since it was under $1,000.00 was shocked to see it going over that price. Still buying today its never too late to buy gold. we can never predict the price of gold regardless of the scenario, just my opinion. I don't give into media or anything anyone says just keep my head down and buy when I feel like it.
Good plan. Cheers!
I jumped into the deep end of the pool in 2016 and I feel like the more I learn, the less I know. You are the singular channel that is not selling fear. I learned that I am an emotional investor the hard way. I can't tell you how much I appreciate how you laid out 3 potential scenarios to consider, and your thought process so one can make the best educated decision. I have read books from Dalio, Rickards, Kiyosaki, and listened to most esoteric Bix Weir to the seemingly sound Mike Maloney. I have purchased costly newsletters. My question to you 2is1 is, what is the best way to educate oneself, without having a formal education in economics or finance?
As somebody who learns by doing, I carved out an allowance from my monthly budget and started making some educated guesses on where it would do well. Reserving a portion of your income like that is the biggest part of the whole thing in my opinion. I’ve read/watched all of those personalities as well. Real estate works a lot like investments and gold but at a higher level. I think there’s a lot of great information out there, but unfortunately the Robert Kiyosakis of the world sell the dream rather than the reality. I try to find people I know personally and listen to what they do. My Thursday night poker game gave me more insight into how others make money than any formal education. Not sure much of this is helpful, but to break it down, I think it’s about small steps and finding smart people. Good luck!
Indeed, there is no "last chance." Always better late than never. Thanks for the video!
Thanks for watching!
Gold will never run out. You can buy it today or 100 years from now.
I envy your collection. I've got 5 buffalo in total and they're all in plastic 😂 you're over there like let me just drop 10 of these on the table with my bare hands. 🤣 I'm trying to get to your level my friend. I hope the price doesn't go up too high because Id like to get a couple more buffalo in 2023. I just need a few months before stagflation hits if it does at all. Great video as usual.
Ha! Those Buffalos are impervious to my grimy hands! Good luck on your timing!
Very well thought out, and articulated information. Thank you.
Thanks!
Hello 👋
I have closed my Gold Bars stacking for this year.
I have achieved 23.3 tolas so far. .
Looking forward to next year 2023 stacking.
Planning to Stack hard and passionately next 4 years.
Today our Spot price for Gold Bars closed at 172,500 local currency 💵.
As far as 2023 Gold Bars stacking year, honestly I don't care because I will keep stacking Gold Bars no matter what.
Very nice!
I believe gold and silver will see major gains relatively soon (1-2 years) I feel the "disturbance in the force" like most people. That uneasy feeling that something just isn't right. The epic money printing and the less demand for US treasuries by other nations leaves me to believe those funds need to go somewhere. I would assume if less dollars are needed in the market, they probably wont just sit to slowly evaporate. I think nations will want to get rid of them. Not sure the mechanics of how it works when most of that money comes back to our shores. I dont think it will be to OUR benefit though.
I had that "something's wrong" feeling for years. Started in 2008, probably went through 2018. I wish I could go back and tell myself to shake it off. 😄
@@2is1gold LOL. That might be because they papered over the 2008 issue, and never fixed it. I think we blew the motor on the economy. 🙂
CBDCs are what you're sensing
If something ever does happen, it will happen so fast you’ll have no time to react. Where it’s bank holidays or China/Russia announcing a petro dollar alternative overnight. This is why it’s important to buy now as insurance.
@@mikeg2491 Agreed, Mike. People who are oblivious to today's problems or who think that they can wait until the right moment to do
just the right thing WILL be over-taken by events. I never worried about the "when" of it, only the "that" of it. When one is as ready
for hard times as they can be, *when* doesn't matter. When only matters to the unprepared / procrastinators.
I'm new to stacking, I only started in October. My average price I've paid so far all-in is $36 Canadian Dollars per oz (about $26.50 USD), and my stack is about half sovereign coins (mostly Maples) and half rounds like silver buffalos. Right now a 1 oz generic silver round is up to $39.50 CAD and a random year Maple or Britannia is $41.50 CAD, which seems too pricey for me. I'm waiting for a pullback closer to my average cost to buy more. Which will probably be a silver spot price around $20 - 21 USD. If prices drop that low I'll load up. If prices go up instead, oh well, I'll just wait and see. I'm trying to dollar-cost average once a month when I think prices are low. But if there's a month when prices seem too high I'll just skip that month.
Yeah, premiums are really messing the game up for silver right now. Good luck with the timing. Cheers!
You started the exact same time I did. Since I have purchased about 4 oz of gold. Spot prices were $1632-$1700. I consider myself lucky. I already earned my premiums back. I started silver towards the latter part of November. Think my average price is around $21.50 spot
Hey man. I'm from up here also. Please make sure to shop around and have these sellers price match. I've done a lot of looking around to find good deals. 👍
so what month are spot prices gonna be the lowest
But let's be honest, all 3 scenerios involve a strongarm push into CBDCs. So even soft landing leaves a lot of us putting the remaining dollars into ANYTHING besides QR servitude.
Assuming the government could successfully roll out a currency replacement in 2023 might be giving them way too much credit.
@@2is1gold These are people who make goals by the month, year, decade, 5 decade, and century. (Not like conservatives who can only think about the next election.) They won't make it by 2023 but they're fine with that.
@@2is1gold Wouldn't that depend on how long they've been at it? If it's only a year or two, then no way in 2023.
If its a decade or more, then maybe so.
@@2is1gold Correct, look what happened w their plandemic, they botched that.
i think it depends also if you are a new or current owner of gold if you are asking yourself this question, i feel for those that have alot stacked up already prob wait for better prices while those with nothing would still hop in as like you say gold is a very long game and if anything is more less a glorified physicall savings account.
Yeah, that's an important point. Cheers!
I've had a drink in many last chance saloons and had the hangovers to prove it!!! But I think we will have plenty more buying opportunities left for Gold. I think we will have a 2023 window to buy Gold at an 'affordable' price, however I think the geopolitical situation later in the year will put Gold and Silver sharply into focus and that is when the fun starts.....it could be one hell of a roller coaster ride, but I would rather be holding PM's than rectangular pieces of paper with a bit of ink on them!! 🚽
Ha!
I have that same feeling, so Feb-Apr 2023 looks good to me for lower gold prices and a chance to load up on gold.
I ordered another quarter ounce eagle yesterday. Gonna dollar cost average and stick to a schedule. Need 14 more to fill it but also putting into silver. I collect ASE's and Libertads as well just to fill the tubes and handle my OCD. Hope to finish filling my tube of them sooner than I have planned in 3 years or more since I'm on a VERY limited income. Literally just over $12000 a year but even on that very limited income I'll be continuing to stack.
You have good taste in coins!
Where are you buying from?
@@marcusc9620 before making a purchase I have a tab open for ALL the reputable dealers and put the coins/bars I'm looking to get in my cart then see which place is the cheapest. I literally spent $50 less than I would have on an eagle just by looking around
my bet, 2023 is a good year to buy the dips of an upward trend in gold price. the push for de-dollarisation of commodities, cbdc’s, and expected global recession are factors to consider.
I started buying heavily again at the end of September. I just felt the major price moves to the downside were behind us. I didn’t just buy precious metals either but the entire market. I guessed right so far.
You must not have bought Lucid and Rivian. (Whoops!) 😄
@@2is1gold sure didn’t 😆
This spring the major market is going to crash, I suggest you buy long term puts at the end of the year
Is apmex a good place to buy gold and silver
@@KM-zl8jl yes
I will buy gold as much as possible regardless of the price.
I'm buying to hold for a minimum of 5 years to store wealth. So it is what it is. I'm buying regardless. Just gotta buy in on the best deals possible. Which is currently gold maples from SDB.
🤜🤛
Up's or downs Gold will always increase in value long term, so I will continue accumulating. Thank you for another great thought provoking video.
Good plan. Cheers!
100 years ago, 150 oz of gold would buy you a little house. 50 years ago 150 Oz would buy a house..
today 150 Oz would buy a house (as long as you don't live in a blue state🤪🤪)
Gold remains the same in wealth. Everything else goes up and down
@@Seadog..C5 Which is precisely why gold is the de facto monetary standard.
I don't think this what your channel is about ... but in the event you are open to fielding topics, I wonder if you have opinions on IRA's the hold metals. Throwing that out there ... Thanks !
Ya, but Economic Ninja says we only have 2 weeks left to buy!! :)
Thanks for your good shit, as always!
Ha! Maybe he's trying to make a run at YT full time! 😅
A friend of Mine bought 10g of gold for 612$ yesterday. I'd say, that's a pretty good deal. Only 32$ over spot. That's like 5% premium more or less.
Hi, i like your new coins from the year of the rabbit. For 2023? Who knows just stack a little gold silver money and we will get there in the end 😎👍🏻
Yep, the Rabbits are 2023 Lunars. Cheers!
It’s not ‘the price of gold’ that really matters. It’s the ‘value of the dollar.’ The Fed will water it down, no matter what. They can’t help it. The USD is at high levels now. Do you think it’s going to go higher? There is your answer.
1) Whatever the scenario, gold prices will begin to adjust very soon (Q1).Trade accordingly retailers.
2) Basic asset mgmt is positioning for the highest probability of success (which is to the upside).
Good luck blokes!
🤜🤛
Less inflation = rising gold prices.
I take that as a market signal that the the Fed easing , which always goes to the wealthy first, is combined with their pessimism. But anyway its definitely not paying attention to inflation. its following the Fed.
I keep hoping that the price will drop, and I think it will briefly when the market tanks, but I don't think that will last long. I think we will probably be setting a new high in the next 6 months or so. Bummer. I was hoping to have at least a kilo stacked before we see major price increases.
Now with the longer rate timeline, we might get a few chances at those dips.
You changed up the knife on us. What do we have today?
Thank you for sharing your thoughts, bud.
Rockstead Higo in Ironwood. 🤘
@@2is1gold oh wow. You are a man with expensive taste. Beautiful blade. Cheers.
@@comfortablyunknown700 yeah, they're a bit overboard.
Excellent message because there is many people in the business telling people to buy as much gold as you can now. No different than the pump and dump in crypto. I don’t call it currency because it isn’t in my opinion. Gold and silver are more of a currency than crypto.
🤜🤛
Prepare for the worst,. Hope for the best, settle for whatever happens . Keep buying gold
🤜🤛
if youre just getting in the game i suggest buying what you can find for the best price in 24k pure for what you can afford.
for silver i like 1oz bars with minting of your choice, 1oz round maples, brittanias. dont pay the premium for silver eagles. set a goal to fill at least 1 tube. after you get there go back to gold.
big form is usually better bang for the buck. small form to get your weight up. dont break the bank. just spend what you can afford
which is basically what i learned from this channel and am enjoying my own stack.
if i were start over right now i would buy strictly 1/10th gold eagles and ignore all the other great stuff out there and better deals to be had and how much premium id pay over spot until i hit 100 pieces.
stupid? yes. but if i had 2 tubes of 50 1/10th gold eagles i personally think thatd be pretty cool
It would be very cool. Cheers!
Another clearly thought out and presented video. 👍
🤜🤛
People are so slow to react that a recession puts initial downward pressure on metals. After the masses figure it out, metals pop.
🤜🤛
I finally have a Sunday off. I got $10,000 and there’s a coin show on that Sunday. I’m going to go to it but I don’t think I’m gonna buy anything. Maybe get a sheet of maple grahams or something. I really want to get 5 ounces of platinum to finish my goal but I don’t like paying over 1050 with premium because it always drops down to 850 as soon as I buy it
Ha, well let us all know next time you buy!
Still buying just bought 4, 1oz Gold Britannia's and 3 ,10oz silver Britannia's bars ! Still buying the deals ! As the dollar is de valued it will get more expensive easy ! ups and downs $100 !
🤜🤛
The last time there was true stagflation, gold was decoupled from the dollar. Next time, maybe coupled.
That would seem to complete the circle of events. Hmmm, nice take on a possible scenario for honest money. 👍
If someone has 5 to 6 grand available in cash to purchase some precious metals I believe it would do better in that market than sitting in a bank depreciating over the course of say the next 5 to 6 years. Is that safe to say?
Enjoy, your comments very much, I’m curious of your blades is it possible you share your types of them & collection of such , thanks k.
I haven’t gotten into the pocket knives here much. It’s a Rockstead Higo, though. Great company!
I'm not worried about precious metals prices due to the economy. That's the last of my concerns
In in a rush to buy as much as possible because the BRICS nations are currently buying up everything
& *I'm even MORE worried about the impending US CBDC* that's likely gonna be implemented within 2023
Curious about all the CBDC in 2023 talk. Is there a channel pushing that idea recently? (I don't think the gov could pull it off even if they tried.)
@@2is1gold Didn't they just do a trial run in NY? Not sure how that turned out but it would be good to know.
@@edb3877 Yes, it started w the rollout of ISO 20022
@@fnuclone1229 Thanks for that info. I looked into it and found several references to it, one of which was:
"Iso 20022 - World class payment processing". Seems to me that this easily could result in yet another
"world class" screwup that could make 2008 look like a Sunday picnic. This is not diminishing my desire
for a bigger stack of PMs and a smaller stack of US$. Fortunately, stackers can solve both issues at the
same time. 😀
@@2is1gold The powers that be have been working on the concept of complete monetary control for longer than we think. And I think we are a lot closer than many realize. The technology is here and in place.
Time in the market is more advantageous than timing the market. That being said, does it matter how much I buy at if I still don't have any? Really want a $100 liberty but probably go for a buffalo, might get a $100 platinum just because of the price . I'd much rather add gold to my stack of Eagles
I'd love to hear a video on your thoughts about using gold to operate outside the "system" if you could actually live your life using mostly gold.. asking for a friend.
There is also the bullish case for a drop in gold. A forced liquidity event would cause a heavy drop in the paper price while still in a recessionary/stagflationary environment. In that event, you might want to back up the truck in long-dated calls on Wheaton, Ashanti and Newmont.
Unfortunately any sizeable drop in spot will be accompanied by physical non-availability. Anyone sitting on the sidelines waiting to jump in may be sorely disappointed when they can't find any physical gold to buy.
@@Keifsanderson Typically, prices are fixed at spot when buying physical. While sudden drop in paper prices may spur a retail rush into physical, that will be expressed as a delay more than anything. With that said, some smaller suppliers may simply refuse to sell inventory until price improves so order through Miles Franklin or Sprott
Wait....and.....see!!! I am in for many more years, just keep doing my thing!
🤜🤛
I think prices will way hi until investors start buying properties, stocks and war bonds.
🤜🤛
You didn’t mention silver. I’m hoping that gold and silver would take a huge drop for an opportunity to buy more.
Powell still thinks inflation is “transitory.” Lololol. 🎉😂🎉
Yeah? Well, so is life! 🙄
I enjoy the technical analysis of price action and examining different possibilities of outcomes, it makes me sound smart at parties
💪😎👍🇺🇸💰🙏
Ha!
I mean what has changed? Last chance? Buying metals is a conversion. I hope the price of gold and silver go up. And when it does I’ll continue to convert some cash. It’s really simple. A person could buy metals in a vacuum without any outside information and be just fine. Easy-Peasy!
🤜🤛
Too late? Kidding me?
IT DOESN'T EVEN STARTED YET!
🤜🤛
@@2is1gold 👊
You're right about these "sky is falling" so go out and get gold people. They do come off as they have something to gain 🤔
There's still a few good deals out there for gold and silver but not a lot of room to stock up
🤜🤛
Why buy gold at these prices with these premiums? I am just guessing that the best time to buy something is when nobody can afford it and the price goes down.
I bought #Silver 8 weeks ago I'm up over 30 % expecting a pullback from over bought condition I also bought a handful of 1/10 Oz American #Gold Eagles at the same time
Yep too late to buy. Forget it now
😅
2023 I think almost every sector is going to get hammered, especially after a day like today 12/15/22...G&S maybe not so much, but still very bearish
DCA and chill 🤜
🤛
Very good question. I wish i knew the answer. The exponential increase of paper money or better mouseclick money sounds convincing to me. But convincing does not necesarrily mean correcct
🤜🤛
Thank you for the update.
🤜🤛
I'll be stacking till I can't afford it.
My advice is hold what you have sleep wake up in 20 years and holy shit man that was good
Interested in your thoughts on the recent Arab summit with China and the Gulf States where China is proposing paying for their oil in Yuan instead of Dollars. This seems to be a big move, especially with the soured relations between the Biden administration and the Saudis.
Very big move if it happens. There's still a lot to say about snubbing the largest economy in the world, though. I think both Saudi Arabia and China have a lot to lose.
Ask yourself the following... would you rather have this month's wages paid in dollars or yuan?
Yep! Every time the Saudis ask themselves the question, they arrive at the same conclusion as you did.
So here's that.
I have collected coins since 250 spot and I just like coins especially US commemorative and medals I just like it. Weather the price goes up or down I buy.
🤜🤛
Stock market is depreciating, gold looks good.
🤜🤛
Remember that gold and silver are for insurance against a weaker dollar. That will continue to happen over the long term. That is how the system is designed
🤜🤛
No. The overall trend is still down. As long as the trend stays in place, silver should visit $16 and gold sub $1,650.
Let's hope that happens. Need to buy more... a lot more. lol
I can predict where prices are going. $10,000 Gold and $500 Silver in 2 - 3 years. 😀 (yes, that's $500, not $50) 👍
I’m coming into about $240k this year from an inheritance and I’m going to invest it but just wondering if I should hedge my investment with partial purchase of gold.
Still buying to my budget. Slow and steady.
🤜🤛
You gotta check out the latest chart of the interest payments on the debt. Something like $790b. I think it will soon be the largest single expense of the fedgov.
That’s a growing thing that will stop us from returning to oh this is just another cycle like all the others.
If it isn’t, how so?
This is related to gold, I swears.
😂
Ha, yeah. The numbers are staggering, and I don't know how any of it makes sense except to say it's been constructed to not make sense. Maybe the fact that it doesn't reconcile isn't the part to be worried about.
@@2is1gold Well, I thinks it’s something like this: like making only minimum payments on your credit cards but borrowing more and more to be able to keep making the payments. This works for a long time. But at some point, you can’t afford to pay even the minimums (because those keep growing). In the gov’s case, the interest payments are on bonds, and if they just print more money (or people stop buying the bonds) they eventually have a cash flow problem. They have taxes as income, but that’s in deficit quite a bit these days. The cycles (QE/QT) get closer and closer together until they go bust. We seem to be in that faster and faster stage.
I live In Egypt and there’s inflation and prices are going crazy and since we use US dollar in import and export the Egyptian pound currency rate is going down almost for the third time in a year they call it floating of the currency. so I exchanged to few US dollars from my savings almost four month ago and the rest is gold I started buying at the beginning of last month and I had no other choice but I’m afraid because it’s just a leap to avoid losing anymore from my savings just for a couple of months and then I’m out . Open for tips and advices
I personally think that we will see 2K next year but it may only be short lived, averaging in the 1900's.
I'm not saying I'm just saying 🤷♂️
🤜🤛
whats your opinion on trading gold with XAUUSD? how profitable and lucrative is gold trading compared to just buying and holding gold?
Not first, but here :D
Happy to have you!
Sage wisdom
Just keep buying gold. It’s that simple.
I boughta silver eagle brand new in 2011 for $80. I had bought it for a pocket charm when I was made a godparent. Alas the coin was stolen from me.
Now I have a 1949 Franklin that was given to me as an early Christmas present. I carry it for the same reason. My late parents were born in 1949. My father died in 1989; my mother 2021. It shall be the now technical beginning of my silver/gold stacking crusade but I want to get my hands on a 1949 gold coin. And neither will be gotten rid of. They will both be reminders of my parents as well as the starts of my respective sides of my precious metal collections. I'll probably aim for a 1/10th ounce if they were made back then. If not then the next best thing.
Good luck to you!
Closest to your specs might be a pre-1933 $5 half eagle.
Don't think that the 1/10 oz. coins came along until 1986.
Any updates on Zacatecas since the latest run up in that stock ?
It's doing really well, but I think of miners as longer plays. Cheers!
Premiums have been whack for the last 2 years. I won't buy for over 1800 an ounce
$1,800 all in?
@@2is1gold not all in, but I'm all out fir now
Cheers
🍻
Sorry to say; but You leave out the fourth point. Perhaps the most realistic? Namely that owning gold is criminalised, after the authorities have given you an offer to redeem all the gold you own.
President Roosevelt did it in the 'Hard Thirties''. It was only after more than 40 years that Nixon legalized owning gold again
Roosevelt needed gold to print more dollars. That's no longer the case.
@@2is1gold Also not the case that 1930s society was not litigious like it is today. Such a blatant
private property grab would never get past the lower federal courts, let alone SCOTUS.
A recession is here. After Christmas comes hell. Irony. Prices of gold and silver will drop dramatically though 2023 fro lack of demand mostly. Just my 2 cents.
Sounds like a heckuva nice buying opportunity. Could be a chance to complete my gold stack. 🙂
I’m just worried about what will happen to the dollar if it loses reserve status.
What will happen is that it will lose about 1/3 of its purchasing power due to the reduced demand for US$ around the world.
Loss of WRC status is nothing new. Other nations have gone through this over the centuries and it's not good for the people
of that country. This is one of my reasons for stacking. The others include supplemental retirement income, certainty in the
ability to pay my property taxes, and any black swan events that come along and bollix things up.
It won't lose reserve status, it might lose dominant reserve status. The only reason I point that out is that it won't be an all or nothing state. World orders change. Cheers!
Digital currency will take is placed and as for status ss soon as white Americans become the minority currently at 57% white European the dollar and the nation will become like South America
@@2is1gold Take a look at the several other nations that once had WRC status and no longer do. This is not merely possible
but is part of a currency problem that recurs after the currency and their power in the world has been abused and others
are sick and tired of putting up with it. It's likely to take time, perhaps a fair amount of it, but it will happen, IMO, just as
it has before. Anything that has happened before can and likely will happen again.
I thought $2k/oz was a good buy, so buying periodically anyway when I can.
Stacked another ounce, but still going slower.
🤜🤛
It's not too late IMHO. ❤️🐥
I agree with you, Cic.
My country has more tha 20% inflation rate, the gold is around 1800USD/ounce, You guys think i should buy gold now?
What price are you selling gldg?
I'm a terrible person to ask. The recent run has been impressive, but I see miners as longer plays, personally.
Recession: two consecutive quarters of negative gross domestic product (GDP) growth. If you're living in USA you ARE already in recession. Americans are like: walking in the rain all wet but saying it's not raining cause on the TV they said it was gonna be great time today.
Not any more - the definition of what a recession is was changed. 😅
@@2is1gold My, how convenient is that? Bottom line is, "When you are losing the game, CHANGE THE RULES!" 😕
Its never too late to save money
Agreed!
Depends how much more purchase power ppl want to continue losing. The dollar moves not gold
I just buy a silver coin here and there or a sovereign. Slow and steady wins the race
i dont care what the price is for gold and silver im buying 1 Buffalo and 1 kilo of silver every month until i get my tube then switching to eagles
Nice! 💪
My meaningless, arbitrary prediction - AU = ~$3000 USD in 2023
No it’s NOT TOO LATE ! Sell everything you can and or take the biggest loan on your 401k / sell car / borrow and then buy Gold and or Silver NOW 🎉 This is your chance of a life time to be a Millionaire !💰💰💰💰💰
DO IT NOW !
Now, that's hilarious. I once read the VERY same message on an investing channel some years ago about flipping houses.
And then 2007 hit and the bottom fell out of the RE market. Never heard from those folks again.
😅
Only to late when it's no longer available.
🤜🤛
Sunshine and rainbows 2…. The government has this one completely figured out 😬
🦄😂
Easy, just go out and find some free gold in the ground. Zero premium and its fun. I live in an old mining district. The old timers missed a lot
Not easy at all. You must be good. Cheers!
I'll take door number three Monty
😄😬
I hear it’s getting too late to buy 2023 ASE’s
The world may never know. 😄
Third rate reduction, third gold price hike,
Use common sense with your gold buying decisions. You need to buy other survival goods as well. You need a cash buffer as well.
🤜🤛