Can You Have TOO MUCH Gold? How Much Gold Should You Have?
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- Опубликовано: 1 июл 2024
- This video looks at the topic of whether you can have too much gold. And, more importantly, how you might calculate how much gold you should have to begin with. As always this isn't financial advice, and it's not specific to anyone person, but it should help you decide what might be best for you if you’re buying gold coins.
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They say that gold doesn't have a high return, but every dollar I convert to gold is a dollar that I don't waste on meaningless garbage, so the fact that it is a "fun" way to "save" money is big...
Agreed. That’s another huge reason I like it!
the problem is still there though. If you have a spending problem, the spending problem is still there. You are just throwing money away on high premiums instead of meaningless garbage. Granted you still have the value of the gold, but there is still money being thrown away in premiums. Fix the spending problem and you don't have to deal with throwing money away on meaningless garbage or high premiums.
tbh if you look at the last 20 years gold has done better than the s&p 500 so this is BS
It's also a dollar that no one can really track any longer. You know... fishing trips are notorious sources of lost gold.
@@SG-tx1fz on paper maybe, but you need to tack on these outrageous premiums.
My Father lived through the Great Depression and the Gold Confiscation by FDR. He said ideally, 20% of your savings should be in Gold. He never achieved that during his life time, but wished he had. His government pension of $3,000 a month was awesome when he first retired and in his last years of life, it wasn't enough to live on, even as it was adjusted for cost of living. He diluted his savings. and luckily for him and my Mom it did last until the end of their lives, with some assets, mostly in their home residence value remaining. The government de-valued with inflation all of his money and by dropping interest rates low, insured his cash savings would never keep up with inflation, even as the cost of goods and services rose.
It's definitely something that gets clearer as you get older. I'm always surprised at how uncommon gold ownership is. Cheers!
$3k pension is even a lot now, it depends on where you live. If you live in the west coast, it isn't enough.
I wrote out a plan for my two adult children (oxy-moron) approximately 1 month ago. The gist is what your father wished for. They're free to make up their own minds but "he who hesitates is lost". In current conditions, I can't see how an argument can be made against freezing Roth or IRA contributions in order to buy low in gold or silver. Silver is a no-brainer. In 5 years silver will be at $150.00 an ounce - it's approximately $22.00 right now and will absolutely double before gold. Whoever said you don't get it until later in life is spot on ... I wish I'd listened to my father many moons ago.
I think this is one of the best explanations of how much gold you need. The break down of personal monthly/yearly expenses is spot on. This is how you should calculate gold allocation. Smart man
Thank you!
Insightful as always. Thank you.
Thanks!!
You are such a good youtuber here... you tell people to STOP buying gold when they have too much! Good on you for being honest.
Well, my potential stopping point is pretty high! Thank you, though! 😄
Great video and love your take on staying diversified and liquid for other opps
Thanks!
Great video on tying your stacking goals to your expenses.
🔥🦈🌊
Thanks!
Very good, sir. Those are tough questions to answer. BUT, you did great with your answers.
Thank you!
“Many Buffalo used to run these lands. Until the devastating Dos es Uno ravaged the land.” -some random shop owner.
Ha! 😄
Another great video. You are so smart.
Well, thank you!
"We're gonna need a bigger safe" - Silver Stackers
😄
This is more funny than it should be 😂
Not a safe! 🤦♂ lol
I have made short term and long term goals in regards to silver, gold and platinum. My personal long term goal is to obtain 1,000 ounces of silver, 100 ounces of gold, and 10 ounces of platinum. On the short term my first goal on gold was to obtain 10, than 20, than 50 before reaching 100. Everyone starts off somewhere but once you obtain your first 2 ounces of gold there's no going back IMO. Thanks for putting the links in the description and keep up the great content.
Agreed on not going back. It doesn't take long to be convinced on gold. ✊
I agree with you! It's good to have money working for you on the side. Diversification is great for more than just hedging your bets, but to keep from having all your money tied up in savings.
Yeah, putting money to work through investments is typically the difference of getting ahead or not. Cheers!
Opportunity cost is the reason I haven't had any money tied up in gold. But I really like your concept of a gold-based savings account, which is the first real solid reason I have found to start buying.
Yeah, I try not to buy in a way that steals investment capital. Cheers!
Another good one 👍
Thank you!
You should buy stocks when it’s cheap. And gold when it’s cheap. The problem is now everything is overpriced and there are no bargains
Agreed. Not a lot of bargains these days!
Good advice. Thanks...
Thanks for watching!
Hit 100 ounces late last year. Building cash reserve now and studying equities. Cleared the Mortgage no credit card debt. There is a lot of truth in your video, wise safe words. My stack is about 80% uniform to the region I live in, any more gold purchases will be slow and with the view to making my 100 ounces 100% uniform to make selling it easier in later years.
That’s fantastic. Congrats!
Looking forward to your future guest and a discussion of earnings through savings.
Thanks, Heist! It’s a good one.
Love this video. Thanks for creating.
Thanks for watching!
This is probably the most sensible and level-head approach to gold stacking I've seen on the interwebs. Thank you for sharing your insight.
Compared to you, I have a much narrower window of gold savings on hand at all times -- three months' expenses -- which is very easy to store, and very easy to put into a small bag and walk out the door with should a doomsday scenario occur. (I don't count on a doomsday scenario ever occurring, however. If it does, I'll probably have much bigger fish to fry than stuffing my pockets full of gold.)
It’s one of those topics that tends to run wild. Looks like you’re on track. Cheers!
Thanks for the response. Enjoy your videos. Keep um coming!
Thanks!
Nice to see so many giving a shit about real honest money in light of our current paradigm of anything but.
This is such a good one.
Watching those Buffalos stack up was a real treat! If only those premiums would drop.
I’m ready for that too!
Good video!
Thanks!
Great strategy, good advice!
Thanks!
I bought heavy during the current little drop, I've am retired so I was just buying gold as a backup. I wrote on the slip (I put my capsules/ coins in) the date / the spot price for the day/ price with premium) so my kids/ grandchildren/ great grandchildren can sell when it's hot or needed.
That’s great. Cheers!
I really like the approach of this channel. It is so shocking that nobody I personally know is into any sort of personal finance strategies. They live off family wealth, stumbling paycheck to paycheck and see stacking or investing like dangerous gambles LoL. I device my own strategies, so it is great to watch and learn from more experienced people who are in the same page. I started stacking with gold, because I had some savings I could convert into metal. I know that from there on, I can operate with a fiat cash box worth 2 years, that initial gold as core of the stack, and start saving to buy silver in a quarterly basis. The idea is to eventually start converting silver to gold to keep the stack in a compact physical size. Also I am starting small to have time to learn and avoid making costly noob mistakes.
Thank you, and good luck with your plans!
I finally landed a good paying job and I’m currently maxing out my 401k (partially Roth 401k as well), maxing out my Roth IRA and saving most of my spare cash for my first home purchase (which I’m already at a good amount. Just being picky on the house I want). So buying gold is coming after my retirement accounts. Thought about purchasing company stock every check or like you, maybe putting a little into bitcoin. Regardless, I am very comfortable right now to put money into gold but I’m always looking into new avenues to set myself up and my family. Personally though, 100 oz sounds like a great number but I’m years and years away from that lol. As always, great video man!
Thank you. Good to see you’re doing well! Cheers!
Spot on! Very good logic. Gold buy as much as you can all!
✊
Great video
Thanks!! ✊
Gold is my savings. I continue to add gold to the stack every week. Silver position already complete. Between family/life expenses, small real estate investments, equities & crypto, I can’t/won’t go to heavy into any one thing.
Enjoy your vids, cheers
Very smart plan. Cheers!
Thanks for another great video.Just started adding Gold and Silver to my investments this week, wish I had thought about them sooner!!
They accumulate quickly. Never too late!
One gold per month and 10 silver per month is my sweet spot. Allows me to buy other assets as well like real estate,btc, stocks , etc
Good plan!
Very good plan!"
Warren Buffet was born in 1930. A one-ounce gold coin was $20.00. Had Warren's grandfather (very paternal in those days), purchased one gold coin for the boy in 1930 - it would have had a positive net when gold hit $2,000 an ounce. Today that same $20.00 is worth btwn $.50 and $1.00. Making your savings work today is likely metals and T-bills or similar products to help you "lose less". Great video - love the comment below about collecting is fun and your take on "how much gold do you need". Buy Gold and Silver Safely is a great intro book for anyone you know who might be a skeptic - great job on this channel my man!!!
great vid
Thank you!
Great point as always my friend. I often forget about the opportunity cost, focusing more on simply accumulating. I am in the gold-as-money camp and consider it as fool proof long term savings. I do think that there is a degree of privacy it offers that nothing in the digital world can replicate. While I do not think that the Great Reset, whatever that is, is likely, I do think that the focus on digital currency vs paper, and control of spending or whatever you can take from the bank at any given time, and intrusion into privacy in general is getting worse. Who knows. I do not have a limit, besides simply what I can afford.
Yeah, I don't suffer conspiracy theories, but there are real trends people should have an eye on. Cheers!
Excellent video!
Thank you!
Glad to see a practical person with common sense.
🤜🤛
Just started my stacking last year. I closed out an old 401k that I wasn't putting in anymore and purchased 20 ounces of gold with it. Im far from where I want to be but so far little by little im getting there. Thank you for your videos, You and many other RUclipsrs made me want to start this gold frenzy I have.
That’s great. Good luck!
Sir, does it affect you to use your 401k money for gold? I’m 24 years old and I like that idea to let my 401k get fat and maybe use it to buy gold. I guess what I’m trying to ask is if it’s possible to transfer my 401k in some program that will change my money to gold?
Right now I’m only buying silver and I buy about 1000 dlrs every month but I would love to start buying gold and honestly I don’t know what to do.
@@damianalaniz1118 I'm new too, but this year I'm saving all money cutting Xbox live and eating out, 100% of my funds are going to go to 1oz gold coins. No silver
@@damianalaniz1118 I'd also not touch my 401k, he had an extra 401k from another company most likely
I look at pm as a asset class and percentage of net worth vs emergency funds.Enjoying your content.
Thanks!
I haven’t thought about it as an emergency fund, what % do you use ?
I like you work nice video
Thanks!
love the video, I have 0 gold but thought of it as silver and I do have to agree it's not a matter of how much is too much it's more of preserving your wealth smart and not hurting yourself financially. you should also have other portfolios set up first like your 401k, a ROTH, and maybe an account that's taxable then I would say if you are in a good financial spot where your bills are still paid for, lights are on, food is on the table, you have 6 months of bills saved in high yield savings, then I would say buy your metals. I am no financial advisor but this is what I did for my self and it worked for me.
Makes good sense!
I have a passion for Motorcycling and own 3. I'm still buying 30g of gold, and 10 oz silver monthly. Well you've got to have some fun and balance in life!!!
Agreed! 🤘
Iam lucky. Iam married and make $24 an hour. No kids. Little bills. I spend about $250 to $300 a week on precious metals. Been stacking about 10 months. My stack amazes me.
That’s great!
Goes to show that even with a pretty low income, a person can still stack. Good job.
@@lawrence5039 I wouldn’t say $24/hr is a low income. It might be depending on location and cost of living, but I agree anyone with a low income can still get into precious metals. It will just take a lot of patience!
Another fantastic and informative video, thanks!
I think your point about the optimal percentage of gold/metals being an ever evolving target depending on many variables is far better advice than constantly chasing a fixed figure. To that point, I have (sadly only very recently) personally found that flexibility and the ability to adapt to the fast changing financial environment is the key to success, instead of focusing on fixed numbers or targets.
Just as a matter of interest, do you rate the Spyderco knives? knives made in America certainly seem to be in vogue at the mo.
Oh and thanks a bunch for the Goonies treasure reference, you've now got me spending my Sat night staring glazey eyed at my online bullion dealers webpage and my missus is far from impressed! 😂
I’m lukewarm on Spyderco. I like the PM2 and 3 (both are great knives). Beyond those two, I typically prefer Benchmade or smaller mid tech brands. Cheers!
@@2is1gold I had a feeling you would say that. I have a friend who recently purchased a Spyderco knife and now of course, according to him, its the best blade that has ever been made, only beaten by excalibur itself! 🙄
Thanks for the reply mate, I shall have a butchers at the knives. 👍
my balance is 2 coins per year...i like the 1oz Maples or Britannias....Dont smoke, drink, or party...have my house and job and internet for YT....yeah, thats it for me.
Good plan!
Interesting concept, understanding that an endgame for your bullion holdings could be reached.
Every time I reach down to pick up the football, I accidentally kick it a little further down field, but I can see it. 😄
@@2is1gold It's like letting Lucy hold the football, Charlie Brown
It’s good to have those plans and always keep in mind, you can adjust along the way as life situations change. I always love to hear everyone’s take on this question. It’s one of the first we always have once we get into PMs for savings purchases. New things like Crypto and Pokémon cards come up and can adjust your perspective. Thanks again for the thought provoking content.
I’m still waiting to pull that rainbow ’Zard! 😄
Thought I was about too hear RUN DMC or the BEASTIE BOYZ come on 🤦🏽♂️😂🤣.... keep em coming my brother and enjoy ya weekend ... im tryin to y’all ain’t no fun if it ain’t 2is1 short sweet n too the point with valuable jewels 🤫😉
Thanks!! ✊
Times are changing with the cbdc tune
My personal goal is to stack up to 100oz of gold.
Currently I have round about 60oz.
In Gold we Trust
Very nice!
Holy shit, good on you for that. I will never have 100oz in my lifetime. My goal is to buy maybe 5 oz 😂. Silver is more priority to me as the value of gold is too high if you are considering things like bartering.
The more gold you stack the higher the propensity that a desperate government bordering on total default ..... will come and confiscate your gold - ---even if confiscation is still illegal as it was during 1933, they still confiscated because they were THAT desperate.
@@richh1576 Are you saying that you would voluntarily hand your valuable PM's over to the same government whose policies are destroying this country? If so, then you are indeed a fool!
@Nazi RUclips Procrastination won't get you anywhere! Unless you begin stacking, you will only cement your position as one of the casualties!
I really like the way you think. No doomsday, no great reset, just rational approach towards “savings” account that is not based on depreciating fiat. Rainy day fund that is not investment, but will pay your bills and provide food in case of emergency situation (job loss, economic troubles, pandemics etc). Plus it’s a hard asset + it’s outside of banking system. Love it man. Switched to gold Eagles after years of collecting/stacking some cheap silver :)
Thanks! I was sold on metals long before the conspiracies of the hour got popular! 😄
@@2is1gold lol!
@2 Is 1 maybe 323 area code and not 322?
@Nazi RUclips damn, people have no life...
I'm thinking about doing this because I spend money on crap and don't save, so buying gold/silver would become my spending crutch that way I'm actually building wealth instead of just depleting.
Nice video, btw what type of knife is that?
Thanks! It’s a Holt Bladeworks Haptic.
Yet another cool unknown knife, can you put a maker and model in the descriptor, please. Same goes for flashlights and interesting libations. Cheers
Done! It's a Holt Bladeworks Haptic, by the way. Cheers!
@@2is1gold knife collector too huh
Interesting question. Since I have so little gold, it's not even on my radar to ask. I hope to someday get to that point. Silver on the other hand, presents an issue. Not that I have that much silver, but at some point, the shear weight, volume and practicality of potentially needing to haul it around becomes an issue. If I ever have 2-3 times what I have now, I'm going to start scratching my head. Vaulting could be an option, but I'm not anywhere near there yet.
Yeah, silver becomes a logistical issue. The monster box I built up was about the same weight as a 35 lb dumbbell.
I look at it the same way you do. Like a pyramid. Have X amount for savings to get me through a certain amount of time. And if I add to riskier investments I equally add to my gold and silver foundation. Always make the foundation wider as you cocontinue to build taller. Or your pyramid becomes an unstable upside down pyramid.
That’s a great way to look at it! ✊
Bien, estudiaremos el caso concreto. Thanks
I have been buying more gold than usual these past few years and my sister told me I am being irresponsible. haha
😄
Since when has your sister ever been right? lol
I like YOUR logic of how many months of expenses, it just gave me a different way of thinking! Thanks for that! My personal opinion is to hold physical gold vs equities in the precise proportion as bonds vs equities (whether that’s 20-80, 30-70 based on age and risk tolerance) *and* net of other things like investment-grade jewelry, real estate, emergency 6 months of cash-savings etc. and to not even view it as something to liquidate in a crisis but simply to pass down as generational wealth. That being said, I’m wearing a simple bullion-bangle (*right now as I write this and always*) that belonged to my great grandmother that has these fine lines as part of the “design” that would split up the bangle by gram if it needed to be used for barter & my mother explained that design of the bangle to me when she gave it to me. Clearly, they were all thinking about it from an emergency use perspective too. 😇
That’s very cool!
2 is 1 yeah! I appreciate their perspective more and more as as the years go by! ☺️ just sent an email now btw
Thank you.
✊
Off topic - love the knife. Who's the maker? I don't recognize the design
It’s a Holt Haptic. I love it.
Planning around common sense is sound strategy. Well done my man. Cheers🥃
Thanks! 🤜🥃🥃🤛
I learn so much from you! I like that b,he knife. Can you tell me what it is?
It's a Holt Bladeworks Haptic. Have a good weekend!
Bought a 1oz gold maple and 1oz gold bar years ago. Lately have fallen in love with the 1oz gold buffalo. Pick up more when I can. Just got a great deal 1/10 oz eagles.
Nice!
Goonies style? Yeah, we are around the same age!
Good advice for the new ones coming up. I love Buffaloes, but I also really like Krugerrands. They are respected all over the world. Other than those, Maples are beautiful 24K pieces and I dig Sovereigns of any kind.
Vickys, Eddies, Georges and Liz. They all kick ass.
I like Maples and Krugs too. They’re secondary to local coins for me personally, though, so I don’t end up buying many. Cheers!
I have many Maples, I'm Canadian. I also have a bit of everything else. Pandas are my favorite. All 1 once pieces. Should I buy 1/2 or 1/4 oz coins? Easier to sell ?
I think it’s good to have some 1/4 oz coins for private sales, but 1 oz coins are still the highest volume movers overall. Cheers!
Agree except for one thing - I do think we need to take the Great Reset into account!
Which version? The actual written piece by the World Economic Forum that will never amount to more than a written manifesto, or the version people have twisted to make seem scary? 😅
I like the idea of stacking until I have enough for a real estate purchase.
I can see that angle. I’ve sold gold twice, and both times were to help with large real estate purchases. Cheers!
Love that!
My motto is, “the more, the merrier“. Lol
✊😄
I think 10% is a reasonable allocation during normal times. Right now I'm 40% PM's, 30% ExxonMobil and 30% cash.
You aren’t messing around! 😄
@@2is1gold I'm all business. Great video Bob.
The only thing YOU MAY HAVE MISSED, is that all physical assets are going up in price right now, so, in an inflationary environment if your savings is sitting in gold or precious metals you’ve probably done very well. It’s not a speculation. But , cryptocurrency’s rise in the short period of the last year has made it seem like people are missing out but that’s the speculation portion of your investable assets which would even be in crypto. Gold is a great place to accumulate as a store of value (savings).
Yeah, broad-based price increases are pretty clear. New inflation numbers will be coming out soon too!
I wanted to have a backstop in my old age. You know, the golden years. Then the Wuhan Flu whacked me into early retirement. I have a thirty year plan. Right now PMs are about 30% of my portfolio and 15% of my total estate. That might be enough. And every month that passes is one less I have to finance. If I do return to the workforce I might pick up a few more coins. I started collecting because of my mother's influence. She was a teen in the 1930's, and in the 1990's was a worried widow who had a deep distrust in government and the soundness of fiat currency. Her parents moved to the US before WWI so they missed the Weimar mess, but they had relatives who were devastated by it. My mom never needed to worry, her children and the Social Security system provided for all her needs. But remember folks, this is insurance and savings, not investing.
Good perspective!
I've been looking to buy Gold since a few months only, purely because till now I have been accumulating savings that is doing nothing in the Bank. I am not the investing in stock market kind of guy and I hate Bitcoin and its volatility. So right now I feel like I'm just losing time with 0 oz of Gold. Would it be too much to start with buying 10 oz as first purchase?
Thanks for your videos!
If it was me, I’d spread the purchase out a bit since the prices aren’t on a noticeable climb. There are new inflation numbers coming out soon. We might see a bit of a short term bump from it. Even if we do, I think the summer will be pretty tame for price.
Thank you again for your input!
@@greycats99 Spreading your purchases out over time is almost always the thing to do. An ounce or two of physical gold or the equivalent value in physical silver per month, if you can swing it as a rule will one day be proven to have been a great plan with even greater dividends!
If you weigh up your choices between fanciful spending and soaking up a little gold.
For me, low premium fractional gold to support a fiat pension for 15yrs is a reasonable lifestyle goal.
Individual strategies and lifespan should (maybe) correlate.
Definitely reasonable. Cheers!
I love your knife collection that I’ve seen so far.
Thanks! They get thrown around to keep people from thinking I’m too rational. 😄
@@2is1gold I have a large collection of Benchmade Knives. And of course boom sticks.
Math can get very complicated. I am very happy and confident in my overall portfolio of all things. Having said that, I love the feel of physical metals and may splurge on it a bit more. Only buy/get what you can afford.
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As usual...I'm in awe of your knives!!
Ha! You're in the know!
@@2is1gold field notes subscription?
Hey 2 is 1, why would the Buffalos “copper-spot”, when there is no copper in them? And do the Eagles copper-spot too? Is this something I should look for over time? And how much does that effect the resale value?
It shouldn’t affect price, and they can be easily removed. It’s part of the minting/plating process and not part of the coin itself.
I have stocks and crypto, I recently bought my 1st gold coin, not as an investment, I just always wanted one. It’s a 1 oz $100 Australian Kangaroo. When I look at it though, I really want more. I now understand people’s obsession with gold over history. It’s the most beautiful thing I’ve ever seen.
Yep, gold lust is real! 😄
Oh no he caught the addiction!!
And...now I have a 2015 Buffalo and a 2021 Maple Leaf, yep, I’m hooked😎
Trying to reconcile with the last video regarding premiums and not rushing in. Is it worth it for more recent entrants into the asset paying an elevated premium for more readily saleable coins in order to reach a more immediate 3 or 6 month expenses holding? And to what extent is your tolerance for higher premiums impacted by your opinion of other assets which you may exit in part to inquire (i.e. higher tolerance for premiums paid in crypto at whatever point you believe is the right time to take profits in that market)?
Love the channel and have recommended it to several. Well produced, honest, and free of hype. A rarity these days. Now stop making me want me knives every week.
Ha! Sorry about the knives! With the gold, the premiums are really only out of control on Eagles, Buffalos and Maples at this point. I’ve still been buying them, though. I’ve just had to look harder to find the lower premiums (less than 10%). If you’re planning to hold on to them for a long time, I wouldn’t worry quite as much about the premiums. I expect them to come down in the next few months, though. What’s the question on other assets? I’m expecting a run on BTC prices through the Fall right now.
@@2is1gold the second question was if you're planning on moving into gold from another asset like a crypto (a particular alt coin in my case) would you be less premium- conscious in using crypto to buy via one of the popular online retailers if you're already playing with house money and think you're exiting that position around the top?
I'm at 32ozt now, 6 of those ounces are in 1/10ozt Eagles & 2 other ounces are in 1/10thozt Maples... I's prefer to transfer those into 1oz Eagles/Buffalos/Maples. What way do you think is the best way to do that? I know you have said in previous videos that your LCS will swap out even but that is 1/4oz as I recall and I think my "loss" might be to high to bare... Any thoughts?? Great videos as always! Thank You... Joe
My LCS would happily do that too, but I agree, it would be too much lost premium. It might be worth reaching out to someone like Sean D’Souza or The Metal Merchant on Instagram to see if they’d be interested in some kind of trade. @silver husky or @director of awesome here on RUclips. Good luck!
@@2is1gold Thanks man!
LIBERTADS & PESOS
is there a way i could potentially have a one on one discussion about finances with you? id pay you for your time.
Hey there mark I'm thinking a couple of mint tube's one of the 1Oz gold eagles and a tube of half oz gold eagles...just saying over time of course
Yeah, I like the idea of filling tubes. That helps me with Buffalos and Eagles.
Never have enough... haha... really you right it all depends on ones needs and for me it is my savings account that I can hold and exchange if ever needed!
👊👍
I panicked bought gold out of fear and protest with the government giving banks power to seize accounts without a court order....even thought this would not affect me it does affect others and I didn’t believe this is right...I took 62 onzes...maybe a little too much but it’s cool to actually touch it.
Yeah, there’s something about it. Cheers!
I'm buying more gold this year and i only used half my budget this week on a 1/10 Kruggerand I'm not paying the 20% over for AGEs hopefully they'll be some pre-33 stuff come in soon
Yeah, the premiums on Eagles are wildly out of line right now.
Yesterday I bought a 1oz 2021 Britannia. It was my first ever gold purchase. I definitely need a plan of action. How to consistently and effortlessly going about acquiring more
Nice! That’s a great coin!
Congrats on your first purchase
I bet you got it from Silver Gold Bull, they’ve had the best prices of anybody lately on Britannia’s...had to pick up a few myself👍
@@gregr.9547 do they ship overseas?
I like this quarter ounce gold eagles and 1 ounce Buffaloes. Looks great! Do you buy 3 1/4’s and upgrade to the Buffaloes on the 4th?
I've only swapped for Eagles so far. I haven't been buying 1/4's lately because the premiums sting!
@@2is1gold how much can be expected to lose when doing the 1/4 to ounce swap? Say 550 for 1/4’s and 2k for an ounce. Will you trade your 3 1/4’s and pay like 500 for the ounce or do the 1/4’s fetch a premium during the swap?
The allocation% has a lot to do with your views on if you foresee a "zombie apocalypse" type scenario playing out...or not. Makes sense to be prepared for anything & everything.
Maybe. A small amount of zombie planning probably doesn’t hurt. 🧟♂️😄
I keep jumping back and forth between gold and silver. I can’t make my mind up. I do get both but then I start questioning gold when there’s so much potential for silver to go crazy. Can you educate me more on this. I’ve been binge watching your videos
I don't buy silver for the potential for it to go crazy. I've just heard that story too long. I buy gold and then I speculate on digital assets, stocks and other investments. The premiums on silver need to come down before I'm interested in it again.
No offence, but silver is a waste. It's an industrial metal, not a store of value, and it's not nearly as liquid as gold. Save your copper pennies and buy gold. Infrequent gold purchases > frequent silver purchases.
It’s an enjoyable collecting type hobby and a good way of saving because I’d only blow the money on consumerist crap.. and in 30 years the kids will have a nice surprise that the authorities dont know about
I always think of that "nice surprise" aspect. I'd like to send some along too.
Dude. Totally. I have the same issue with “collecting” crap. I’ve got all this plastic junk. It’s junk. I’m so happy to change what I collect!
Live for you, enjoy it yourself.
i just stack whatever cash i hv set aside and have an annual weight of Gold and silver to stack... after 10 years hv hit 400oz of physical gold...but BTC and ETH really far surpass gold & silver profits...so diversify.
400 oz is impressive. And, yeah, diversification really is the way to go. Cheers!
In normal times yes, when mega bubbles are about to pop no. Gold is the only suppressed asset
5% or 10% was good advice when the currency was inflating away and we weren't in the onset of a crack-up boom. I would say more like 25% minimum.
you just took the words right out of my mouth, am thinking along the same lines...if you listen to most of the experienced guys in this field, you have to realize something is going on here...this is real, no weird theory behind it
Property>Gold>Stocks
Its hard to buy 1/8th of a property though for your average investor lol buying few oz of gold makes more sense.
Maybe I'm completely wrong, but I believe that the more you can put into physical precious metals and commodities, and get out of paper assets that pay off with fiat dollars, the more of your wealth you will be saving when the SHTF! You will eat while others starve. You will be warm while others shiver. You will ride while others walk. You will have wealth while wealth for others will be a fond memory of what they used to possess!
@@deerflyguy1907 I agree ONLY if you also have firearms and lead in reserve as well.
@@matthewphillips5483 Lock & Load, Matt! For obvious reasons, I don't dwell on my self-defense preparations, but they are many! A work in progress and nine years in the making!
Ok
I’m a prepper
And off grid solar etc.
I retired early most of everything is paid off.
I do have millions now and yes with fiat currency going nuts I am thinking to get 2 million in coins or bars . Do I buy all at once or spread it out. ????
I'd spread it out. Good luck!
Enough to be continent but never satisfied. 😈
I love your thinking. Some folks focus 100% on metals but you can invest your money in other places to make more money!
Yeah, I want some of that money working for me rather than working for all my money (gold or otherwise).
Love it. Great video. 🤩🤩🤩🤩🍻👃🏻
Thanks!!