15 Years of Buying Gold and Silver - Is It Worth It?
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- Опубликовано: 19 окт 2024
- I have fifteen years of buying gold and silver now. Is it worth it? Should you buy gold and silver? Is it a worthwhile savings / investment? I can tell you how it has gone for me.
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I think junk silver will be your saving grace when we go hyper inflation or trade barter is back! At least you can buy food and other necessities generator, gas, ammo, guns, camping gear or anything
No everyone needs gold and silver especially junk silver to barter with! It’s the best thing with all denomations to buy groceries etc. like a dime? You can buy a loaf of bread, gallon milk and pound of butter if the shit hits the fan or probably 100.00 cash? What would you want? Cash or silver? Or gold? You need small denominations for everyday things and gold for a generator dolor panel, gas, car repairs, bills?
15 yrs of buying house insurance...is it worth having if your house never burns down ? Same thing...I'll keep stacking.
I just wish that P&C insurance built up and allowed me to get it back out if I didn't use it. 😄
Great analogy!
100% agree
Home insurance is a waste of money if you buy property in the right location. Think about it do you know anybody’s house that burned down. You could have bought a lot of metal!
@Garner Morgan location means absolutely nothing... anyones house can still get broken into? Anything can happen, not just a fire... think how much you'll lose if you only bought metal and got it all robbed🤣🤣
I started eight years ago. The best thing I ever did. I sleep well at night and don't worry about the banks crashing. The money I put into bullion coins would probably have gone on useless 'stuff' to satisfy momentary cravings, so it was a great way of forcing myself to save.
Familiar feeling. Cheers!
Totally agree I have enough useless stuff over the years.
That's the way I look at it too
a helpful way to be disciplined about savings and not spending that savings
Ditto here. Well said.
I just bought more gold and silver few minutes ago. Tying up money due to an apocalyptic stock market crash is also not a smart move. Life is a risk and it's better to take risks than to do nothing, you can't always expect to make huge profits all the time, people have so many opinions about a recession/depression. In just 5 months my portfolio grew by $300,000 in gross profit, the main thing is to expand your portfolio and you will see amazing results by investing smartly.
Nobody knows anything you need to create your own process, manage risk and stick to the plan, through thick or thin while also continuously learning from mistakes and improving.
@Mark Lofgren Sounds great. I could really use the expertise of an advisor, just can’t find while I’m away for work in New Zealand for another year. My portfolio has been stagnant.... Who’s the person guiding you can I get a phone number?
Thank you for saving me hours of back and forth investigation into the markets. I simply copied and pasted Susan’s full name into my browser, and her website came up first in search results. She looks flawless.
@Mark Lofgren I just looked her up on the internet and looked into her credentials. I wrote her a letter outlining my financial objectives and planned a call with her.
The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies.
The key to big returns is not big moving stocks. It's managing risk in relationship to reward. Having the correct size on and turning your edge as many times as necessary to reach your goal. That holds true from long term investing to day trading.
Please can you leave the info of your investment advisor here? I’m in dire need for one
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
Just started 6 months ago, at age of 76. Scratched together all available cash not ear marked for anything needed. Oct was best buys, but will continue for as long as I am able not so much for me but for children as they are not yet so fortunate with having extra income. Will continue to stack until I die! Only God knows what my final goal will be.
I wish you a hundred years of life and a large harvest
That's great! 🤜🤛
One of the reasons I picked up gold was so that in the case I died, my wife could, if she needed to supplement a monthly income or retirement, she could just sell a coin to accomplish that. The goal was set for a certain amount of time this could be accomplished and once that goal was reached, we extended it...and kept going. Now it's just a habit of excess income once all other investments are accomplished. No worry about a life insurance company going out of business, same with an annuity, same with even Social Security if that ever happens or the banks all fail. There is access to currency in the form of physical gold outside the system...to me, it's much like the promise of "on my deathbed I will receive enlightenment"...so I got that going for me.
I like it. 🤜🤛
This is one of the best comments I have seen in a long time. Your mindset is very similar to mine. Stack on…
Once CBDCs come in 2024, there may be heavy taxation on gold sales / purchases and / or restrictions on ownership.
CBDC = programmable currency = complete tracking of all transaction = cash ban = enslavement.
@@mth469 this is why I also stack brass and bang sticks...enslavement just doesn't work in my plans. 👍👍😉
@@flyingdutchman7585 amen to that brother.
I didn't buy any gold until I was in my 40s - people who are young (imo) should be focusing on real-estate, growth & income stock and remaining debt free. Don't buy gold because you think it will make you "rich" buy gold to preserve what you already have through time. Now I buy it mostly with excess cash as a future pension supplement on top of existing investments and pension savings. Where I am there is no sales tax or capital gains tax on govt issued gold coins which also makes it attractive.
Solid points. I still think it makes sense to work savings into the mix. In my case, having a small pile of gold helped fund real estate purchases twice. Cheers!
@@2is1gold Yeah I can see the savings aspect for a deposit etc - just have to watch out for the premiums and where the market is when you need to convert. It isn't unusual for real-estate to go up while gold is down etc - targets of opportunity where you need cash can come at inopportune times if you have to liquidate any investments (be it gold or stocks) to get your hands on cash
Good points, couldn’t have said it better myself.
it's amazing how, now that I've been thinking for a few weeks about buying gold and watching the relative videos, youtube keeps suggesting videos with all possible future apocalyptic scenarios
I feel much more comfortable holding it than when I didn't. I just wish I had got into it much further back than 3 years. Great video
Thanks!
Better late than never. 💪
@@stormforge68 absolutely 😁
The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.
Find stocks with market-beating yields and shares that at least keep pace with the market for a long term. For a successful long-term strategy I recommend you seek the guidance a broker or financial advisor.
Had a good run during my first year in the fin-market, I assumed I had a hang on it. However, things changed during the pandemic, and I needed to diversify into safe assets, so I approached a coach who devised a structure that matched my annual goal of 200k
@@robertosaviano215 Please can you leave the info of your investment advisor here? I’m in dire need for one.
@@elliot985 My advisor is ‘’Isabel Cecilia Ramsey’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
@@robertosaviano215
Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
I've been buying since I was a kid. What I bought when I was young I still mostly have and the truth is that I would not only buy it again I'd buy more. What I've had to sell has paid off quite well but I'd almost say that the habits buying has created is the thing that has paid off even better than the metals. It ingrains a pattern in your brain that makes doing other things on the regular less of a chore. I don't know if that makes sense to anyone other than me but that's my experience. Thanks!
It makes great sense to me. The idea of rewarding hard work with PMs makes perfect sense and no sense at the same time, but it's a much better route over time that rewarding hard work by wasting that income. Cheers!
Love this channel because it never ignores the importance of investment diversification, level-headedness, strategy and planning. I can see how it can be intimidating for young people. Watching this channel is kind of like looking at your dad's workbench and wondering "how the hell will I ever be able to afford all those tools?!?!?!".... Don't worry about it.... You don't need them all right now... You will accumulate them over time. The biggest thing is to live beneath your means. If your every day expenses are wiping you out every month, it will be difficult to "buy that next tool" when the opportunity presents itself.
There is nothing like experience. l was at my LCS yesterday and there were customers actually running around the store in a panic telling everyone to buy silver. They were terrified. You could see it in there eyes. Way to many gold and silver channels that have hosts that are either stupid, uneducated or both. Tin foil hats! Thanks for your content.
There is definitely some bad information on the topic floating around. Cheers!
I started stacking ~2001/02 time frame. I recently found old invoices where I had purchased gold krugerrands for $300 and American silver eagles for $6.
Wow, nice!
So jealous
Great story, thanks for sharing. When I first started buying Precious Metals, I didn’t know it would be akin to a savings account. I started around 2013 or 14. And bought down to $12 spot price. When spot price increased to around $22 I slowed down a bit and focused on low premium 10 oz bars.
Fast forward to today, the amount of money. I’ve “saved” while buying Precious Metals has surprise me immensely!
I started off buying silver only for the first five years with small purchases of 1/10 ounce coins here and there. now I’m driven to more of a directional buying of on sale silver coins and interesting Silver Rounds -and mainly focus now on 10 ounce bars and quarter ounce gold coins
I think I might move to sniping sales too. It was easier in 2014! Cheers!
You stack 10 oz gold bars ?
@@sirspeedsalot silver I’m sure
@@sparky0083 lmao I was gonna say if you're stacking 10oz gold bars you're a fucking boss
This was a refreshing take. I won’t name names (you’ll know who they are anyway) but pushing fear and manipulating peoples sensibilities may work in the short term but people eventually realise they’re being duped. Glad I’m subbed to you mate.
Thanks!
I enjoy every purchase and I started in 2012. It's a great way to have money out of the banks and on the side, just in case.
Says a lot that it doesn’t get old. Cheers!
I’ve been stacking a pretty long while myself. I’m always amazed at how much you can accumulate over time. Consistency and persistence goes a long way to that. Never sold out of necessity. Best savings acct for me. Thx
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I Love the Honest Wisdom Everytime. ❤️
Thank you!
It’s nice to get to know you better. I bought a significant amount of gold when I sold my practice. I will use it if needed to weather the storm in equities.
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Im fighting my smoking addiction and silver being so cheap helps me save real money instead of smoking my currency away
Keep it up man, hope you're still at it
25 years for me and I don't regret it one bit, it has been rewarding and fun! Feels really good to actually hold on to them! Would do it all again! And as you mentioned it doesn't compare to other investments, but a lot better then other things I bought.
Thanks for sharing your story. I’m hopeful that silver will have it’s day.
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It turned from a hobby and passion into a safety net. I quit wasting time and money on things much worse for myself.
Familiar territory. Good game, Britches!
for me i started stacking in 1967. i was 7 years old when i started. and for me gold and silver and working hard let me live debt free since i was 45. and after my stroke at age 53 gold and silver make me very comfortable. as far as stocks my broker put me in i have a lot of company's that do not exist anymore and i lost alot in stocks. like you i do sell from time to time and when buying metals the premium over spot is way cheaper then buying stocks at a pe ratio of 15 times earnings or even higher then 15. i will for now stick with metals and CD's . at age 64 the stock market is not for me as i think stocks will go sideways for a lot of years and who knows in 5 or 10 years the dow might get back up to its old high of 36,000
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Great video! Really enjoyed this mate
Thank you!
So no substantial regrets. Long term hold is the best bet but diversification is more important. Sticking to one type of gold like eagles will simplify selling when the time comes. Got it!
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I started in 2012. Had little money. Bought what I could. Mostly silver but gold the last year or so. Silver has not really done much in 10 years. Gold is somewhat better. I have a decent amount and buy some gold still. I'm focused now on building a decent stock portfolio. I don't focus on it anymore. I have what I have. I'm pretty much done buying.
IMO silver is great for numismatics, but gold is great for savings. High premiums don't matter as much when you're buying something collectable that you never intend to resell. On the other hand, gold is relatively light (per $ compared to silver) and portable, so is a better fit for a rainy day fund.
New to buying gold and silver; thanks for the advice. Happy I found your channel.
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I have been buying since 2007 and have not stopped .I have had to buy more storage (Safes) as I accumulated more . I do like the security of AU & AG but if I ever move I will be working overtime to move the AG that I have. KEEP STACKING ALL
I think it all comes down to security. People lock their cars before walking into Walmart because it makes you feel secure knowing your car is locked while you're away. Or you have a dog around to alert you when the UPS truck arrives in the driveway to drop off the gold you purchased a few days ago. Point is, having physical gold and maybe some silver makes you feel more secure. And it's nice to look at every now and again just to remind yourself that I'm good, I have some gold!
Just make sure to be debt free first. That's an even better feeling!
Once upon a time I did not have gold. Now I have gold and can say I always really wanted it without really knowing it. Strongly idolized by civilizations and modern films, a nostalgia of many childhoods. Putting it high above in the object world, one of a few ways to solidify a mans efforts. Something to work towards that both builds character and a foundation of wealth and even economic knowledge. It satisfy's the urge to spend ones wages, people seem to want to get something for their money. Receiving packages has become an addiction. Receiving gold by mail or in person helps the brain release these happy feelings of receiving something new.
Thank you bigly for the upload!! Sure wish i would have started 15 years ago.
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I was thinking about silver inspired by many videos, yours including ... ofc started researching the topic in my particular situation. Though luck! In my country silver is taxed with 20% VAT! So the minimum premium + tax starts at about 26% for coins and 24% on bars 1 kilo. With that handicap ill need to hold that silver probably 5-10 years just to recoup the buying cost. No VAT for gold but am not so rich to put aside for coins/bars with under 30-40% premium. Soooo ... I didn't start at all, decided ETFs and stocks are as good as it can get in my situation.
Thx for your videos they ware very honest and informative. To anyone else gold/silver is not for everyone! Sometimes not even good for that currency hedge or savings that many people advertise them for.
40+ years of gold for me and no numismatic coins, ever, for me. The majority of my gold was scuffed up before I ever bought it. Gold is gold to me, so long as it's easily recognized and trusted by dealers.
Has it been worth it? Absolutely, for two reasons. First, A single gold sovereign I had impulse-bought a couple days before literally got me out of a very ugly situation where my cash (US and local) was suddenly no good. Not as good a story as it sounds. I decided to be a coward and it was the smart thing to do. Second, it lets me sleep well, which is an extremely important subject for an old man.
40 years!! That's great, and I'm with you on the sleeping well part. That's what it's for for me too. Cheers!
I started buying gold in late December 2022 and silver January 2023, so I guess I'm a new stacker. No regrets whatsoever.
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Thanks for this excellent video. I just started buying gold at my local dealer as a way to #1 have as savings in case of emergency (bank collapses) and #2 have something else that is tangible to pass down to my children. You mentioned using a spreadsheet to track your inventory and value. Do you have a template for how best to do that? Seems like a really neat idea but I'm not sure how to organize what columns and values I should be tracking.
I also started with gold 15 years ago. Based on spot price, all my holdings has appreciated by 1% a year. A capital one savings account has a 3.7% interest per year or a Capital one CD is 5% a year.
My average is a fair amount lower (so, higher appreciation), but it was still more about a savings hack for me. Savings and money market accounts were always too easy for me to raid. Cheers!
@@2is1gold I second this motion. forced put away
My original intent was to begin an ounce a month in 2011 but I backed off because of the high price. As mentioned earlier I bought some very interesting toys in the ensuing years. I still get a kick out of turning money into noise. Shocking how most have easily doubled in value. A little wiser now so I finally began my purchasing of gold about 3 years ago. Pleased I stumbled on your channel for news and perspective.
Thanks Rodger!
Jerome Jerome the Metronome… slow steady and consistent wins.
Cheers 🥃
Yes sir! 🥃
Great channel, only a couple years in PMs but you've definitely expanded my investing toolkit thx. I know I'm not as much a PM enthusiast (vs say sportscards) but think there's a time and place for everything and now might be golds time
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Honestly, I love my coins, but I regret stacking. Started about 7 years ago with silver. Moved to gold around 2019. I don't have a problem with overspending and am a good saver. The money I spent on gold and silver would have performed much better in my retirement account. I think many stackers claim the money is "extra", but I think quite a few of us are buying gold and silver and NOT maxing out our retirement contributions. Plus, I am very dissatisfied with gold/silvers' performance as an inflation hedge. Having said that, I believe gold would be a very good inflation hedge for anyone living in a country that used a currency other than the dollar.
Really well said. I don’t know what it’s like to stack gold & silver when you have debt, when you’re not invested in the stock market, when your retirement accounts are not well-funded, or when you’re also saving for a major expense (house, kid’s college, etc). I only started stacking after I was retired and achieved financial independence. And knowing that I’m diversified in my investments and receive enough passive income to supplement existing savings and investments, adds icing on the cake regarding stacking. It makes stacking that much more enjoyable because I don’t have to rely on my stack for financial well-being.
Either way it's a gamble. With the way things are moving these days the markets and retirement accounts, while more lucrative than gold, are seeming less and less "secure" than gold. You may one day find the gold you are disappointed with today is the best asset you own. Or not, and maybe your original regret in overspending on gold at the expense of your retirement account will prove to be correct. No one can see the future.
you'll be really happy you stacked in the next year when that retirement account goes to shit
You just keep it real, I enjoy the content.
I always enjoy your videos, and I gain a lot from your perspective. I started saving in metals five years ago. My plan is to have one tube of 1/2 oz gold coins (whatever the cheapest is at the time), two tubes of 1/4 oz gold coins (whatever the cheapest is at the time), two tubes of 1/10 oz gold coins (whatever the cheapest is at the time), five tubes of 1 oz silver eagles, two tubes of 1 oz silver maples, one tube of 1 oz Britannias, and one tube of each 1 oz Perth mint sovereign coin.
I am advancing slowly but surely, and I will stop when I complete this plan.
Serious plan. Cheers!
Metals to protect my wealth, not to grow my wealth. I guess that’s where I am currently.
Thanks for the video.
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Keep stacking, keep piling, knowing that it will cost more, that’s what gold is for
Always thankful for the insights and advices. Especially important for new stickers like me. Thank you 🙏
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I’m a year old stacker and trying to buy as much as possible Gold, Silver and Crypto.
Big words, bro! Big and wise words!
Totally agree!!
Greetings from Hungary :)
Like an emergency fund or insurance you save/buy and forget. It's just a non third party related emergency fund.
I only started 2 years ago, and I've had my learning curve but I love your take on metals with sound logic and reasoning
Wearing my captain obvious cap, I would only add silver, like most assets, can provide a great return (at risk of making it sound like an investment) when acquisition costs are "low" ($12-18/oz.), and you have time to just set it aside, forget it and wait. If you have the self control to do so, then you can probably offset not only the premiums you paid, but also at least some of the opportunity cost. While the "good times" for playing with silver might be over, meaning you just cannot acquire it anymore for a "low" price and wait for it to increase 50-100%, if you've paid attention to the metals market over the last 30 years, you'll see that patience, a little timing, and a little luck could produce two or three substantial periods of gains where, if you took advantage, you did well. I'm still waiting for that back the truck up "low" price for silver. If it ever gets there again, I'm ready, and I'll do it with a smile, probably with a kid at my side to teach him or her the ropes. But if not, well, that's okay, too. I've had a good ride, and while silver is a small fraction of what I dabble in nowadays, gold has maintained itself as a substantial part of my savings. Glad to see you've done well in these 15 years. Thanks for sharing the wisdom.
I’m with you. Sub $20 all-in cost on silver and I’ll buy again too. I had enough above the $20 mark my first go around to mess with any self-congratulatory exit. Any significant reentry to silver for me will be a lot more careful. Hope you’re doing well, Vert!
I agree with you on investing, but I can’t feel those digits on the screen… messes with me at times… Great video as always…
Thank you!
It’s encouraging to hear that you start investing in gold in your early 30s coming from Myself as a 29-year-old. I feel like I’m getting in the game very late and everything is very expensive but with your knowledge and advice I will set aside an amount and invest monthly to one day. Hope to have a collection as impressive as yours. Cheers.
Good luck!
Been doing this for over 25 years. Sooner or later a opportunity will present itself to compound your investment. Are there other avenues that pay off much larger or quicker ? Gambling has proven it many times whether it's stocks or gambling itself. Gold presents itself to a different type of person as a slow methodical store of value. As for myself, I have never been a gambler or had a huge amount of trust in governments or a fiat monetery systems.
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My local coinshops pay $10 over spot for buffalos and eagles now. So if I had more britannias it would've been better as they pay $1 over spot for those.
I think I heard someone talking in the background but I was just looking at the gold.
I'm only 25 and have only just recently decided to stack, my main focus is a safe asset to have. I can then pass it on to my kids in the future or have it as an extra to top up my pension fund. Only time will tell. Not only that, it's so much fun having precious metals!
I would say hold on to all the gold you've accumulated over the years. Like house insurance as another commenter said, it's better to have it and not need it than not having it and needing it. For me I see stacking gold as building up a pension pot. You can be pretty sure that in 20 years time pensions will be wiped out the way things are going. What will you have as a replacement and when it costs 10,000 dollars to buy a loaf of bread and you're too old to work? Alternatively you could trade in your gold to buy a house or some land. I wouldn't trade it in for stocks though and certainly not government bonds! But it's up to you my friend. Interesting points covered in your video in any event:)
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This is such a good channel. Thanks for it sir.
Hey, thank you!
I bought gold in 2016 on advice of a friend. Priced under £900 an ounce. I always waited for a price drop before buying. During covid had to sell it as I ran out of cash. But it sold for over £1,300 an ounce. 4 years later. The bank rate was 0.5% (pathetic) was a good investment for me. Watch the gold market Daily and wait till it drops (And it WILL) then buy.
Started stacking in 98. Very comfy with my choices.
That's great!
I started in the summer of 2016, so just under 7 years ago. I’m positioned about 85:15 gold:silver by dollar value, and I’m 100% focused on adding to the gold portion of my precious metals savings pool. I doubt that I’ll ever purchase another ounce of silver, because gold is the place to be in precious metals. My only regret is that I wish that I had/have more liquid cash to buy more gold. I see it as a worthy partner to my equity-based retirement savings accounts.
Thank you for the episode
Outstanding! Recommended to all.
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I've said it before and I'll say it again, people won't realize the value until it's too late. Ask the Venezuelans and Zimbabweans and Lebanese if stacking is a good idea ....the problem is things haven't gotten that bad in the US yet, and there's no point of reference for Americans. I'm from a "3rd world" country and have seen it first hand, and the same things that happened to my country are happening here. So this isnt my first rodeo, I was just too young and the opportunities weren't there for me to do anything about it back then. It amazes me how easy it is to buy precious metals in the west, for now, yet less than 1% of the population actually own any. But you have a little time left, don't let pain and suffering be your education in economics. Learn from the mistakes of others before you and you won't have to go through it. And don't for one second think, "that will never happen here", because it's already happening. If you have some metals for the love of God hold on to them. It's worth it!!! Just a friendly heads up....
I didn't start stacking gold until the 2019 time frame. I have been in silver since 2003. I haven't bought one ounce of silver since the rolls of Eagles were very cheap in the 2020 drop. GOLD exclusively. I don't regret either, primarily because the money is tied up. I just hate Boats.
Boats are the worst. Dangerous.
No numismatics and no old gold fractional...two most important lessons I have. Stick to boring bullion.
60% of Americans in a 2023 survey said they couldn't cover a $500 emergency. A majority of Americans have lower hanging fruit to address than shiny metals. Gold is great when prioritized below conventional retirement investing and above consumer crap in order of operations (IMHO of course)
Yeah, makes sense. Cheers!
Like a few other stackers I stack to save - not as easy to spend as cash 💰
Thank you for this very sincere video!
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Must be worth it if central banks are buying it in record amounts. Only problem is being able to afford it once it hits a new price threshold.
That high relief Liberty 1oz'er to me is like art I buy, whereas the Buff is savings and insurance. The stock market is my Vegas, LOL!
Ha!
I still get FOMO even after 30+ years of stacking. :-) I can usually talk myself back off the cliff now thought LOL
Ha! The force is strong.
I’m not tuned in because of fear, I’m tuned in for my love of gold 🤩
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If I had it to do over again I would stick to sovereign silver and gold coins getting eagles when premiums are reasonable. Right now I’m having to convert a lot.
I'm with you.
My take away from this video is, "I'd rather have a tube of one thing, than a pile of random things." So true, as the excitement wanes from that special purchase, you realize you could have added more weight instead. Great point and reason for me to cool it on the higher premium stuff. Focus man, focus. Thanks.
Living in the UK silver is out due to the taxes gold is the only real option, just doing it slowly mostly proof quality sovereigns that are always in demand on the secondary market but bullion is starting to come up more and more
I completely disagree with his thesis, silver will outperform gold 10X,….. just because it has not doesn’t mean it will not.
I’ve been buying since 2003 and never regret buying silver
When will the gold/silver ratio turn - it seems crazy right now especially because most silver is actually consumed
With FED NOW launching in July of this year, everyone will wish they stacked gold.
Thanks for the informative videos!
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Could you tell us your average price per oz for the last 15 years? Thanks
Another good tip is do the maths. Take all your invoices, split per line, grams in an excel sheet. I did that. 11 years of slow stacking, purchased based on premiums as low as possible. Result: 24% return on investment on gold and 8% loss on silver (cause I started heavy on silver in 2012). Now I feel happy, closing step by step my mortgage with a good stack of pm. Cheers 🥂 let’s have a good banking crisis. 🤠
In my 20's & 30's I spent lots of hard earned money on cameras & lenses which I used only few times. I started purchasing gold coins 2013 till today, I can see the gold price increased.
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Where do you get your books? I have most of the books you use in your set in ratty-third hand paperbacks.
A lot of the books shown in the videos are from Easton Press. Cheers!
I just bought a gold Swiss franc for spot. I am constantly seeking spot or low premium deals. That is what guides my stack. If it is gold and has a reputable stamp on it I’m good to go. That being said I’m buying 1 oz now and I want them to be liquid as much as possible so my standards I feel are changing.
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I live in Kentucky where we have sales tax on precious metals. Any suggestions
Having gold is just a security measure for me.
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Could you do a video on how you do your spreadsheets??
It might be underwhelming.
I like when the topic is about you LoL. My onion is 15 years of saving may be enough now. Don't DCA up into the high ranges at an older age. Its your reserve wealth, only you know what the limit is... like you said, to get your family going again after a disaster for a few years has already been obtained. I'm also glad you got away from the collector type of buying and just stick with bullion type of buying. Maples (after 1982), buffalos, Britannia ( after 2015 ) and maybe kangaroo. Those are the only worthy 24k coins for wealth preservation. My personal view is its never enough. I'll collect until its so heavy I can't lift them all at once.
Yeah, I still have a few series I'll collect, but it's almost grudgingly. 😅
2 is 1 great video I specifically liked when you said the acquisition of silver is not as good as gold because the appreciation of gold is a lot better since you have collected it for over fifteen years. I hope that's fair to say. Please correct me if I'm wrong?
Since you collected gold for over fifteen years you did say you used discretionionary money in acquiring gold is that correct?
Yeah, the money I've used to buy gold has always come from recovering wasted spending or doing something extra to get it. Cheers!
1/2 Emergency fund in gold coins? I think I can get on board with that.
last 3 years of buying......1200 ounces of silver 14 ounces gold.....not bad....very happy I've invested in metals.😎
I would like to add to my bullion Holdings moving forward. I think I am happy with the commemorative and limited edition rare coins I hold. But I think the time has come to stop purchasing those now, and substitute them for something more liquid.
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I see metals as a hobby so I buy designs I like more then just buying the bars and I only allow my self to buy once my Roth is maxed out every year.
Some people are not good at investing. Or, saving for that matter. I do not have a nickel invested. I have lost plenty of money investing. Now I am retired and have no money. So gold is a good place for me to be now. I will never be rich. It is what it is. I don't owe anyone any money so I am no ones slave. That's good enough for me.
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25 plus years here, doing great.
That's great!
Hello 👋👋
Congratulations 🎉 15 years wow 😲.
Me 3.5 years Gold Bars Stacker 😅, loving it 😊.
I went today and bought Fractional bars ( 2.5 Grams+ 1 Gram)
Worth local currency 💵 63,700 including premium charges =$ 225 USD currency 💵
Love it 💗
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