Before You Start Stacking Gold...
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- Опубликовано: 1 апр 2024
- Gold is pushing new all-time-highs again, so let’s talk strategy. Here are a few tips to consider before you start stacking gold OR a few things to consider as you're continuing to stack.
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Cornering the market on bourbon currently. If the Kennedy family can get a percentage of every bottle of Scotch imported I’m sending a lobbyist to Kentucky and make em an offer they can’t refuse.🥃
Ha - cheers! 🥃
Dollar cost average.
If/when gold starts knocking at the $3k door, you will be wishing you bought at $2250.
The truth is, your dollar is showing its true colors....the gig is up.
People said gold was too expensive to buy when it was $800 per oz., then it was too expensive at $1,200 then $1,500 then $2,000, then $2,200, etc.
Until it dropped back to 1500s
I want to start stacking gold but can't bring myself to pay for "Peak" prices. Investment like this requires alot of time to yield a profit. Most people don't have $2400+ to store away for 15 years. If I did, I'd still buy silver lol Silver prices don't have to travel so high to make a profit. Gold on the other hand, has to hit another all time high just to gain profit if you purchased gold during this time.
When gold drops back down to 1600 or 1700... I'll start buying 😊
@SweetLeavesXbox1 If gold were to hit $1600 to $1700, the sentiment on metals would be that it is a "bad buy"...everyone would be telling you not to buy precious metals but to buy xyz stock or crypto. Therefore you probably would not buy even at that drastic of a drop.
@thingamujigger1585 I seen what the peak is and what gold has been doing the passed 10 years. The fact is, it may never go that low again. Also, it may drastically drop. No one can see into the future, so I wouldn't be taking someone's advice seriously. I believe gold will drastically drop again due to the massive climb. I could be wrong. But I would DEFINITELY buy gold at 1600 to 1700 due to the peaks in the passed. No matter what anyone said lol
Still buying on schedule regardless of price increase, just buying what I can afford. 👍
same here . . If I do not have $2K . . . I'll buy a 1/4oz . . sometimes I'll wait & buy a 1/2oz . . I never let $$$ get in the way . . I'm always buying at least a 1/4 . . . DCA . . . I think 2IS1 started buying 1/4oz for a while when he first got started . . nothing wrong with 1/4oz purchase
Finally, after 8 months of saving up I got my first ounce of gold - a 2009 Gold Maple Leaf! This adds to my 1 gram bar I bought at spot from APMEX. What a great feeling to have reached a goal! Your videos helped keep me focused and on track. Thanks for taking the time to them together and post them on RUclips! 👍
My intended use case for metals is to have a savings vehicle beyond cash in an asset that is not necessarily correlated to the stock market and similar forces. This is intended to be a very long term hold and I hope to pass the upcoming emotional tests to sell! I want to have a month’s net salary in metals. It will take a while to get there but I’ll get there. 💪
With the prices of gold rising it will become harder and harder to buy a full ounce. Don't shy away from buying fractional gold or old European and US .900 gold coins if that is all you can afford. Someday gold will hit 3k and beyond and it will all be in high demand. The nice thing about owning precious metals is that you won't want to sell them unless you absolutely need to. You're not going to part with that Gold Maple Leaf it took you so long to get as easily as you would the equivalent in cash or credit to buy something you really don't need. It's a great way to save money.
Congrats to you Boris . . Very proud of you .. and YES . . That feeling of holding & owning your very first 1 oz of Au is awesome . . 1/4oz GML & 1/2 GML are great to buy as well . . . Take Care
Awesome!
I'm trying to get to my ounce mark with the 2024 lunar series (love the design). Have a half, quarter and 1/10th so far...almost an ounce haha😅.
My plan from the beginning was to keep on stacking to use to supplement the things I would like to do in retirement. I'm 60 now so only a few years left till I go into reverse. Never even considered the thought of actually making profit strictly savings mechanism.
@stevexracer4309 that’s what’s so fun about gold, no cap gain tax!
Well done sir. I wish you a nice retirement.
@stevexracer4309 what do you mean? Depending on his income in retirement it could be as low as 12%
Exactly 💯 the same thing here 6 years till I get my gold watch from the government, If there is anything left
My Gold and Silver is for Rates on the house, Witch 🧹 I own
Why does the government need to know you sold gold whether US reserve minted or not?
Excellent content, thanks. My portfolio for the past 30 years has always been self managed and I own 3 shares of Berkshire Hathaway Class A stock (BRK:A) which I bought in at about $17,000 during the mid 90s, I’m currently liquidating some of these positions to incoporate new Gen. Stocks, but am I better off re-investing into Gold as it seems stocks are a little too unstable right now.
Invest in real estate, ETfs and high-yield savings account.
Jst buy Gold nd protect yr assets, the stck mrkt is a rollercoaster.
The market is not necessarily a rollercoaster if you know your way around the market, there are various opportunities in the present market to accrue good profit, If you are not too savvy with the market, just buy and hold on strong companies with good earnings, or consult with advisors on Etfs and actively managed funds. I am up by 418% in 1 year under guidance.
how do I get one and interview them? Considering your point I won’t want to get into a bubble. Can you recommend any?
Monica Mary Strigle is a hot topic even among financial elitist in lower Manhattan.
I just crossed the 35 oz gold mark. Once i passed the one kg I felt relieved. My first target reached, and i think this could 100k in 10 years.
Nice!
At around a kg too 34 oz thinking of stacking silver rn got abt 86 oz want to go way up on that since the potential is high
#1 I stack for my daughter. #2 I love it! I keep my favorite never sell small museum collection. Then I've gone wild on beautiful art and collectibles, with the intention of simply flipping back into simple weight. It's a truly wonderful "addiction"! Thanks for the channel! ❤
It’ll 100k this year. But I didn’t tell you that I’m just some guy on RUclips 🤷♂️
A kilo of gold is nuts. I’m 24, I’ll never be able to afford gold unless the dollar dies.
To me, the allure of gold is that it was born in a cosmic cataclysm of 2 neutron stars or a supernova billions of years ago, in a reaction that occurred in a few microseconds. Think I'll get some more.
@@stevexracer4309 Actually they are 2 hypotheses for how the heavier metallic elements formed. Got a better one? Didn't think so. See previous comment for more information.
I hope they don't find a large asteroid full of gold
Many people are saying it's too expensive to buy right now. But if the prices keep rising then those people will never buy it ☹️☹️☹️
Those people will either buy fractional gold or silver.
Consider that some stackers already have a good stack of gold at much lower prices than we have today, so may be calling a temporary halt to adding to their stack.
Agreed. Way to high and no1 is getting a deal at peak prices. Seen some video were stackers decided to trade gold for a large amount of silver. Stating that gold is so over priced compared to silver. Once silver goes up to 40 an oz. He would make much more profit selling by the OZ vs gold. Imo, very intelligent play.
I pay my bills and get food for the month and put everything else into my stack. I'm not up to my base stack goals but I'm consistent with it. Im close to having my tube of gold eagles finished but I'm not up to my silver base weight goal of 1k ozs so I've been focusing more on that an not much left over for gold. Ive been going back and forth with wanting to get this tube full then switching over to primarily stacking silver, at least till I get up to that 1k oz, then once I'm there switching to primarily focusing on increasing my gold holdings. I'm not Stacking to get rich, I'm stacking to leave my son something of value since I haven't always been able to be there for him. I'm kind of just speaking out loud to try to figure out WTH I'm going to do, but on my extremely limited income I get way more excited with prices being low. Means I can get to those bases much sooner than ten years if these prices keep rising.
I just luv the way you do your videos...staight-forwardness with class. Oh btw I see that your getting rdy to break 100k subscribers soon... congratulations and well done!
Thank you!
Lot of ideas tonight. I rewound your video and listened to it again.
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Wisest stacker on RUclips.
I'm new to this, 7 months old. I'm glad I found your channel early. I decided to stick with currency in both gold and silver with the exception I do buy 10oz silver bars. Have a small mix of AGE's & AGB's. Recently got my 1st CGM and what gorgeous coin. Just wish the other side wasn't a Monarch. With the premium difference they are a good buy.
Stacking is always going to be different for everyone. We all have unique situations! Thankfully for most of my stacking life I have kept it simple!
I like stacking because I'm saving money and buying something at the same time.If not I would probably spend the currency on frivolous things instead 😢
Love your vids 2is1 you got me started stacking last June I’m only 23 so far and about to go pick up my 12th oz tomorrow, another Buffalo 🦬 Cheers man
Nice! 🤜🤛
This video helped me tremendously in terms of emergency approach. Love the rationale and that red case.
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I got into precious metals a little late than i would have liked, so you could say that i paid the price for using my savings to get into Gold, and sometimes i am still paying that price, it comes down to discipline and following through with the plan. i am currently re-creating my plan so that i can stop spending savings and still get some Gold.
Just want to say thanks ...I always learn and get ideas from your channel................BZ
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profound price discovery is the elephant in the room. Gold price is doing what it apparently never does before or certainly rarely. Absolutely love your channel but was hoping for a little bit more of a deep dive into the pricing. I realize RUclips algorithms, one has to be careful. If this was my channel I’d be very careful with that as well.. nonetheless still holding out for a good video on a deep dive on the proverbial elephant in the room. 🎉🎉. Thank you for your video as always!
My gold is my long term physical savings account. Of course I'll gladly sell to roll into other assets if necessary or an opportunity arises. My silver is my short term focus. I'm at about even right now with the price, so I would like to sell around $28-30 if possible. I'll hold until then. Silver was my play money so I'm looking to utilize elsewhere. Silver manipulation is beyond what even I thought it would be.
I agree a physical savings account is an absolute must and i'm blown away people don't do it.
@@barnml2006 Times are hard for some people these days. What blows my mind are the people who COULD stack but just don't.
I guess they'd rather drive a new car, take a fancy vacation, go out to fancy restaurants, or buy a new cell phone every year or two.
There very well might come a time when they will look back on how poorly they managed their money and deeply regret it.
If silver wasn’t manipulated the young people would’ve torn this country apart already. We still have a slight opportunity….
@@shanejones578 Yea it's just amazing how unregulated these banks are. A few fines every couple of years and a slap on the wrist to completely rig the PM markets is insane. I'll always keep some silver, but I'm looking to offload a good amount when the price is right. Use that money to help me buy some land this year instead.
Loved the new category of stacking: "Sideshow gold"!
Great advice all through out this, well done!
Indeed, as the money comes in and not going Ape. I don't need a full on Pelikan case at this point, maybe a big Pelikan Matchbox. 😂
But slowly my stack is growing and I am out shopping for my next treasure chest.
Keep up the good work and quotes.
As always great video man! I have been doing similar in finish off a roll of Maples and started the next....finished that and then Buffalo's. Most of mine is very basic....but....i fell in love for the phenoix from 2020 when they released and that is my vice....so who has the 2023 lol...i missed out and can not find it anywhere. HELP! Love the fact you keep everything fact and not feeling based.
I try to stay focused on what is typically recognized in my community... AGE, Maples, and Krugs... Great content as usual and yes... there is even more chatter about the metals in my small area as well
I follow your plan. Prob is I just started and it’s a double edged sword. Love the price lift, but what’s being added is smaller and less often.
price is higher, value is the same
@@DrSchor maybe by percentage but not much at the register
Unfortunately for me I got into gold until recently. Playing catch up now on a budget. I just purchased my 8th 1/10 oz Gold Eagle. Stacking silver like crazy in hope of trading for Gold when the ratio gets better. Really enjoy your videos.
Cheers!
Well still try to buy on a DCA, spot realy doesn't matter thst much if you plan to keep thst gold for the next 15 or 20 years. Great video bud, thsnks for sharing 🤝
Great video brother thanks for the info have a great week 🥃🥃🥃
Thanks Nate - you too!
Thanks Nate - you too! 🥃
I started out getting the 10g gold bar from SDB at spot (the AH Kinebar w/ hologram) Since I have 2 kids, I picked up another not long after (got to get everything in 2's now) The next purchase was the 20g size followed by a full 1oz (trying to get best premium deals when they were on sale), but then I went the other direction, paying higher premiums to get the collection... 1g, 2g, 5g... those had silver premiums for gold. I never went after the 50g or 100g. Next I got a Buffalo and Eagle (from Costco). I've found when you get them from Costco you actually get them for about spot (after using a CC and getting 2% cash back + 2% back at the end of the year w/ the Pro membership.) My plans now are to put the cash aside and then watch Costco for when they have Gold Buffalo's, Eagles or Maples available. Did some silver along the way too, but it starts taking up a lot of space, so silver purchases will only be when a super deal comes along again.
Makes great sense Sir!!!
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Nice episode
Thanks for the video. Gold is the best way to make savings fun! Best wishes to all
Bought my first 1 oz. gold coin, an Austrian Vienna Philharmonic. I hope to get another ounce by the end of the month. I'm buying as much gold as I can get from here on out, including fractional and old European and US gold coins.
Honestly I feel (almost) like I have enough physical gold and silver on hand. I'm more interested in playing the miners right now for a profit. At some point the miners will catch up to gold prices and gold and silver will go parabolic. When things skyrocket, I don't want to be tempted to sell my physical. I'll sell my miners and dump it into blue chip dividend stocks for another revenue stream. I really hope some day to pass my whole stack down to my five kids and grandkids.
Congrats on your large family
Goldbacks are great as gold increases in value. I got back my premium after a couple months. I hope to spend them when I’m in NH next time.
New/old buyers should check sell back prices. As the spot price increases the premium declines on the sell back side. The dealer I usually sell to has gold Maple 1 oz at $37.00 less than the spot price and gold AE is just $3.00 over the spot price if you sell back. Just a heads-up. Thank you, 2 is 1 for the video.
One not mentioned is gold for your kids education or business venture. "Cash is for cars and clothes; gold is for education and property."
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Glad I purchased before $2k per oz! Now we can tell people I told you so!!!
Done with gold. Going into stocks
All the gold that i have now were bought below 2K, some were even bought below 1K. The problem now is I need more.
@stevexracer4309 How do you come to that? Data? History? Strong fiat dollar? Just curious...
@@stevexracer4309 From your lips to God's ears, my friend. I would LOVE to see some $1800 gold for one of those "back up the truck" moments. 😀
@@edb3877 it was 1600 a year ago, why didn't you back the truck up then?
No. It will never fall below 2k again.
What you say makes a lot of sense. So I do a little of both. I've got the stack with no emotional attachment to it and then my fun collectible pieces like the Perth lunar series or Mexican 50 & 20 peso coins. Waiting for the next dip
Another great vid
Thanks!
Already got a few oz for emergencies. Focusing on paying off my house now. Having a paid off house means there's fewer opportunities for emergencies to happen.
Those Lunars are NICE! I have one of every one in that series in both Au and Ag except for the high relief... they were $4400 AUD direct from Perth Mint and I just couldn't justify it as much as I want one... Biased yes, but I love my Perth Mint coins.
Perth Mint nailed it with these. Cheers!
They just shared their latest pre-release design this morning - not Lunars, very "Aussie" design wise but I'm putting in my order!@@2is1gold
Thanks for all your very helpful utube videos; 7 months ago I began stacking GOLD!!!🤠glad i did!!🎉
Nice!
Funny you mentioned ramen noodles, I tried them for the first time this year. I did add a can of white chicken meat to them cuz just plain noodles are gross. I ate way too much elbow macaroni growing up. I finally did sell my two 1 Oz. Maples last week only to log into my bank account to see the check from the coin shop bounced. I called the coin shop who was very flustered saying his account is very flush. So I am waiting for the check to be returned and go back to the coin shop. I will let you know how that goes.
$2285 and rising as predicted. Not too shabby. Cheers!
Commenting for algorithm. Always a great job.
Excellent lecture for me. Just bought one Canadian leaf and one American Eagle one ounce coin. Just love them. Cash is depreciated and gold is appreciated. This is why we should invest in gold.
I just completed my first oz with four 1/4oz AGE purchases so far this year. My 2024 goal is also 3oz, although I may speed up the process with a couple of 1/2oz purchases and a full oz by mid-summer, in anticipation of the Fed cutting interest rates.
Thanks as always for the great content!
Nice!
Your talks are my fav on RUclips bye far. Just got 8 x 1/10 oz philharmonics for 200$ over melt. I don’t usually buy fractional but couldn’t resist
Nice!
Online or in an LCS?
how?
EBay coin shop I know in the same province must have not updated prices
@@Grams_ I love when that happens 🥳👌🏻😂🤷♂️
I guess I got lucky, I bought all my fractional Au at spot or melt. Cheers, good video!
Slow and steady wins the race.
Is gold/silver going up or is the value of the dollar going down? If you believe the currency is going to die, you don’t get excited about the price in the dying currency… because it doesn’t matter. Are you going to sell your metals for a hyper inflated dead fiat dollar…. No? So stop worry about the price. It’s meaningless.
My first gold was an ounce of Goldbacks for the SHTF moments to barter. My son wanted me to get silver so I got some that I thought was pretty or had a saying I agreed with. Also got copper cause I like the feel. Now I am putting money in Gold dollars in UPMA so I can get my first buffalo gold coin. I also bought 2 gold necklaces for the “Jewish escape run” type emergency for the bribing to get in the lifeboat type thing cause the jewelry is always with me. Slow and steady…
@@DrSchor One has to HAVE money to invest to be able to do it fast… sigh. Going to give me some? Wink
You should make a video on gold mining stocks! I would love to hear your opinion on the financial health and mining operations of different companies. I bought into Barrick Gold last week, and it went up 10%!
@@DrSchor Maybe because gold was reaching all time highs and gold mining stocks are experiencing increased volume which in turn leads to more chance for profit?
I appreciate the Goldback shout out. They were my gateway to gold. Im not sorry for my 35% increase in their value as my spending power is now $5,040 per 1,000.
Though now, because of further education and your channel, i own way more bullion than Goldbacks, but, for me, i keep most of my excess fiat in Goldbacks because I can spend them either physically or via a visa debit card through my depository. I spend less this way and save more so it's a win-win for me.
PS: ive heard that people are getting a fair price selling to MilesFranklin, if they have to sell. Have you heard anything about that? Cheers.
What one can afford as the funds become available and at more than $199 for the shipping break. Sometimes the deal is in sovereign coins, sometimes in bars or rounds. Even a 10 oz high premium gold coin is a bird in the hand versus two in the the bush for the lightweight stacker. Consistency rules the game imho.
I just added a PRE 1933 (1912 ) $29 Gold dbl eagle . . I buy when I have the disposcable $$$ - Every month I try to add at least 1/4oz Au . . I have 3,000 oz of Ag & I think I maybe to heavy in the Ag . . but I got into Ag back when it was $12oz - So I went all in . .
TODAY - I always buy a new tube of ASE every year . . . just to stay in the game & for the grandkids you understand
I started in 2020 . . It's all about building the Au physical . .
PM purchases is Wealth Preservation & that is my intent . . PM is NOT an investment
you're not alone setting aside precious metals for your grandchildren...good for you...
@@stevexracer4309Dear IRS, I'm sorry to inform you but all my gold was lost in a tragic boating accident while I was out drinking with my fishing buddies.
Always glad to help Uncle SAM . . . NOT !!!! . . . he he he he@@stevexracer4309
I was collecting pandas for quite a while before it dawned on me they may be hard to sell in the future due to the reputation china has with counterfeit gold. To make matters worse, when I went to sell, several of my coins had formed ugly red copper spots on them which cost me some premium. Now I stick with american gold only.
I'm debating on moving to Mexico in my retirement age won't be for a long time but I want to know if mexican gold liberated coin would be a good stack and just sell them if I end up going to Mexico love your content you helps me so much
Tough call there. My experience buying/selling gold in Mexico is pretty limited. Maybe another commenter can help.
My favorite U-Tube channel.
With the fall of the dollar, my gold stack hit smelt cost vs purchase cost, which means if I sell now I should make a small profit since many of my coins would sell for over spot. Not selling though.
I buy the Gold Coins I get the lowest premiums on. I have fun with the different art work on them. Bottom line when the gold prices move up, the folks buying them will only be willing to pay a certain price. Enjoy it and use it for what it is an insurance policy. Gold, Silver, Real Estate, and Brass.
Copper. I have to pay purchase tax at 20%. If I scrap it, I pay tax. If I put it into a job, I pay tax. In UK, Gold is exempt from purchase and capital gains tax, CGT only applied at over £26K per annum. So far! Just spot + dealer's premium.
Only on sales over £26K per annum. No doubt, the "government" will lower that threshold? Despite inflation eating away@@stevexracer4309
Sound advice
I would buy a bunch of cool stuff and get attached
Glad I watched this...
Gotta stack steaks in the refrigerator first...
Been trying to start buying gold more regularly which is tough for me at 24 trying to buy a house. Been buying silver since early 2021 and it's been rather disappointing. The gold Britannias really catch my eye been thinking about trying to buy 1/4 oz ones. Unfortunately 1/10 oz gold is just a more realistic thing for me to buy regularly. Saving up that extra bit always ends up going to purchase something else.
I bought pm’s to preserve what I saw as my hard worked hours that were being pissed away during the inflation spike in 2022. Since I bought my first 1oz gold coin last year, I’ve seen the price go up equivalent to one day’s work. To me, that’s just my work hours not leaving my bank account, if that makes any sense
@@stevexracer4309 "The government benefits from Inflation because it makes their debt easier to pay back"
Agree that this is their presumption but find it interesting that they are not, in fact, paying the debt back or even down. So far, all they have done is roll the debt
over, essentially paying off one credit card with another credit card. This is not a sustainable approach to finance and it will cost us dearly at some point. 😕
I still recommend folks to get silver, if spot price is low enough. I've bought silver when the spot was really low, and recently sold some silver, even with the premiums have made a profit, then I swapped for Gold. If you have a lower budget, that is how you can get into Gold. I swapped the silver for 2 Pre-33 Double eagles.
Started way back in 1994 I bought pre-33 double eagles, pretty much have stuck with them. Have branched out to St. Gaudens, first one, 1908 no motto.
I'm looking into buying some pre-33 double eagles too. The St. Gaudens is the one that I really like but would want a graded version, probably an MS63.
I have heard that MS63 is the most cost effective of the pre-33 gold coins. The MS64s and MS65s get much more expensive very quickly. They look
great but aren't as reasonably priced as the MS63s.
@@edb3877MS 63s are no longer affordable as of about 6 months ago. MS62s are now at that price point. Better hurry before you are in the AU range for affordability. Good luck.
Funny you mentioned odd ways of coming into cash. I won my fantasy football league the other year and put the winnings towards an ounce of gold. 😊
Good time to stack $ and wait for gold to return to $2000. This move is way too big and too fast.
That's what I'm hoping for but with the economic climate we're in you really think so? I'm genuinely asking.
@@AnxiousStackeri would buy its only couplr hundred bucks womt hurt u in any way
I took a hit with the last covid run up. learned my lesson and bought dips since. Depends on if you hit or are close to your stacking goals. Agree can never hurt to buy a smaller amount.
@@user-gw3or5qr3e I'm with you. A lot of my stack I've spent too much on, a lot of it I got at much cheaper. I just pay my bills get the food and what I need for the month and the rest goes into the stack. I've still got a ways to go to get to my base stack goes but they're doable if it doesn't keep raising from here so I'm hoping for slow and steady because im on a set income no matter what the prices do the amount I make doesn't change. I've been consistently buying for about 4-5 years now so thankfully have quite a bit but not as much as id like to have right now. Just gotta keep pushing forward.
I kick myself for not educating myself sooner than late 2014-2015., however having parts of my portfolio already in dollar assets my strategy now is all discretionary is put into gold as I don't want to hold more dollars. I'm perplexed why others haven't seen the folly of holding onto large amounts of cash equivalents in a ever devaluing dollar.
Im buying graded pre33, because if im going to pay a ton, might as well have a good time
i understand numismatics. the better coins you get can mix with the bullion but you you have to learn what to buy. collectables get great premiums over bullion.there is your arbitrage
Cheers
Could you please do the vedio on stacking gold cast bars
Keeping it consistent and stacking lots of the same thing makes it easier to move when you need to. If you consider gold a savings account like I do this is certainly has worked for me. I also hope for it to generational wealth so having something easy to move is the obvious play. Knowing what you're trying to accomplish is an essential first step, otherwise you're going to end up with a bunch of gold that may not be what you want
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Gold $2,343.70 USD. Silver $27.71 USD. Dollar at $104 USD. Oil up over 86. Strange times.
@@DrSchor ChIna today where appliances are cheaper than cabbage.
My intent is 2 fold, profit & emergency chaos!
I set a maximum figure of what I'm willing to pay and that's it, although I already have my needs, I always leave my option open.
A friend asked me about prices on silver, I said it depends on where you think it's going, I told him anything below 25 and especially 22 I'm interested. Although my silver purchasing has been on average probably 12 to 15. Regards to all, happy stacking
Awesome thanks. Brilliant content. Bought Austrian gold coin Philharmonic 2022 two coins 1/25 oz £101'and £105. All could afford. Finding gold dealer to buy your coins for profit you need wait for a profit Thomas.
I like to exchange green backs for gold/silver because if you change it back at a higher price in the future ( for sake of retirement ) you don't pay tax on it.
I also don't like having all my money in the hands of government control ( influence).
Well I did splurge on a gold piece recently it was a 2021 MS70 NGC 1 Oz Gold Libertad I paid $2,600.00 for it however spot was around $2,185.00 so I did pay a premium but i wanted it and got it. But back to sticking to the basics Eagles or buffalos after I pick up a Krugerrand and maple. All in due time
Hey bro. Im 34
Based in India. Loving you channel. Seen about 10 vids in the last week.
I have just recently started to want to invest in physical gold monthly.
Do you think i should start now or wait for a month or so to start. Price in India and globally are all time high right now, so not sure if its best time to buy.
Also, looking at you vids, i assume to a beginner, you suggest 5 gm 22k coin? :)
99.3 k subs. WooHoo. 👍👍
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Just make sure when you're cashing that gold out you're under the tax threshold make sure you go to different stores
Gold is still on sale
It’s literally all time high
@bidmcms3 yes, and way undervalued
Absolutely @@andrewmcelvein6149
For who? I don’t have the money to buy more than a tenth of an ounce a month if everything goes perfectly
@bidmcms3 all time high *so far
I’m kicking myself for not starting earlier when I had money to spend.
I thought a lot about this and decided that I got into PMs at about the right time. That would be into silver in early 2010 and gold in late 2013. 2008 was my wake-up call,
letting me know that I needed some "wealth insurance" just as much as I needed some wealth. The stock market provided the wealth but the PMs provided the insurance.
But I have a nice stack now as my wealth insurance, inflation hedge, and a fun hobby. If PMs rise substantially, that will be a bonus. If not, they the stacking journey has
been a fascinating ride and well worth the time, effort, and cash spent on it. ALL of my silver and gold is in the black now, so no regrets for me on that.
Didn't you actually have a weather event or something mess stuff up on your property that you liquidated a little metal to handle? Does that count as a low intensity shtf?
I will help myself to a glass of Liquor there glistening in the back thank you
$2,290 gold $26.33 Silver
🥃🚀
Silver is also Ripping higher 💰
Silver has definitely not been “ripping higher.” Maybe a couple of baby steps but nothing more. Lol.
Thx for keeping a cool head and having a plan you share in deez crazzzy times...
Gold is going mgeei made some terrible mistakes when I started staking got talked into buy proof gold with massive premiums I ove paid for quite a lot of gold and the two companies to advantage of my nietiverty but I've got to learn and have been buying bullion Gold sovereigns and gold has shot up I've been staking silver and some of the pieces I've bought will be a pain to sell in the future but I'm having so much fun at the moment at first my exit Strategy was none existent but I've made some good contacts
Having a plan is so critical to Gold/silver stacking. Otherwise, the new and flashy series is too temping.
Can you discuss the tax implications for buying gold and the reporting requirements for selling gold ?
#1 Have money to invest..
Damn! lol
😅
because I am from the other side of Atlantic 😅 please tell me your opinion for sovereigns....(mainly stocking this coins)
Question - What is a good reasonable price range to pay over spot price of gold for saving?
Sideshow gold with premiums half of Gold Eagles have been my best purchases.
You've taught me to keep my sideshows at tenths.
I don't like how those eagles are staring at me.
😄