The Problem with Everyone Buying Gold

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  • Опубликовано: 27 сен 2024
  • Gold and silver dealers say everyone is BUYING, nobody is selling. Thats grwT news… for now.
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Комментарии • 464

  • @SilverBritches
    @SilverBritches 3 месяца назад +39

    Ah the subtle jabs at silver is always hilarious. The one positive from buying gas station sushi is it’s a solid way to cut some weight.

    • @2is1gold
      @2is1gold  3 месяца назад +2

      Ha!! 🤢😂

    • @Kenlydford
      @Kenlydford 3 месяца назад +1

      Lol

    • @Jimmyrig54
      @Jimmyrig54 3 месяца назад +6

      What's with all the unnecessary digs. What is wrong with buying sushi from a gas station?

    • @edb3877
      @edb3877 3 месяца назад +2

      @@Jimmyrig54 Depends on how long they've had it. lol

    • @ilovetrance3036
      @ilovetrance3036 3 месяца назад

      I don’t see any jabs on silver tbh. Look at the charts for let’s say 15 years past for both silver and gold. Gold has very much outpaced silver. I love silver and have more than gold but just saying

  • @gwynedd1
    @gwynedd1 3 месяца назад +217

    I was late to gold too . Been panic buying over the last two decades trying to catch up to the early adopters 5000 years ago.

    • @2is1gold
      @2is1gold  3 месяца назад +18

      Ha! Good luck!

    • @GraceT-y4g
      @GraceT-y4g 3 месяца назад +4

      YELLOW GOLD...

    • @audiophileman7047
      @audiophileman7047 3 месяца назад +16

      You've done well for yourself if you've been buying for the last 20 years. 👍👍👍

    • @dryciderz
      @dryciderz 3 месяца назад +5

      🙏

    • @edb3877
      @edb3877 3 месяца назад

      @@audiophileman7047 Yes... or even the last 10 years. 🙂

  • @3B-TM
    @3B-TM 3 месяца назад +75

    My wife told me I was a few eagles short of a tube but I didn’t know how to take it…🤔

    • @dryciderz
      @dryciderz 3 месяца назад +18

      Just make sure she's not stacking with somebody else

    • @kevink6420
      @kevink6420 3 месяца назад +4

      Divorce her. Fair is fair

    • @BB-gb2eq
      @BB-gb2eq 3 месяца назад +1

      Tell her that she will have a
      Monster Box when you die.😊😂
      Lol.

    • @nevadaminer5977
      @nevadaminer5977 3 месяца назад +1

      Buy more and make her happy

  • @usptact
    @usptact 3 месяца назад +115

    Waiting for costco to start selling ammo.

    • @audiophileman7047
      @audiophileman7047 3 месяца назад

      Unless you live in pro 2nd Amendment state, I doubt it will ever happen. It probably won't happen in even those states.

    • @gtractor248
      @gtractor248 3 месяца назад +4

      Would fill out their precious metals inventory (gold, silver, brass, lead)😊

    • @Tj75822
      @Tj75822 3 месяца назад +5

      Won’t happen, too woke.

    • @anneiconex1473
      @anneiconex1473 3 месяца назад +1

      Lol

    • @beakfish7319
      @beakfish7319 3 месяца назад

      me too lol

  • @karlpennington72
    @karlpennington72 3 месяца назад +44

    The time for selling is when you retire and then piece it out for a income BOOST 😅

    • @TacticalTimmyGoldandSilver
      @TacticalTimmyGoldandSilver 3 месяца назад +7

      Agreed, I think far too many young people are looking to flip precious metals for a profit short term.

    • @KevinMeehanWhistle
      @KevinMeehanWhistle 3 месяца назад +3

      100%

    • @MrEric88g
      @MrEric88g 3 месяца назад

      Ain’t that the truth

    • @Allison-cb3bj
      @Allison-cb3bj 3 месяца назад

      But sometimes the gold last longer than you. keke

  • @JohnAdams-rm7zm
    @JohnAdams-rm7zm 3 месяца назад +29

    The best price that I have got on Buffalo’s was $1818.00 and my last Buffalo the day before it jumped up was $2,286.49 ✅

  • @oldone58
    @oldone58 3 месяца назад +34

    Cannot buy 1 ounce at a time but purchase a 1/4 ounce AGE and a 10 ounce bar of silver a month. When I hit silver goal will start to accumulate 1 ounce AGE’s. Hopefully one every 2 or 3 months. As always love you stunning presentations and level headed advice. Have a fantastic weekend amigo.

    • @2is1gold
      @2is1gold  3 месяца назад +3

      You too - cheers!

    • @R4NDLL
      @R4NDLL 3 месяца назад +2

      I'm on the exact same program. What's your silver goal? Mine is 1k ozt.

    • @shanejones578
      @shanejones578 3 месяца назад

      I buy random and sporadically. World gold, whatever silver. Platinum even from bullionbypost (best prices just takes forever to ship)

  • @go4it129
    @go4it129 3 месяца назад +14

    I really appreciate your common sense approach. There are other gold/silver channels that think the economy is crashing tomorrow….. Yankee Stacking. Just couldn’t take it anymore. Thanks again. You’re the only PM channel I watch. You’re in a class of your own! 👍🏼

    • @2is1gold
      @2is1gold  3 месяца назад +1

      Hey, thank you!

    • @fin59shaw
      @fin59shaw 3 месяца назад +1

      The economy is crashing right now, that's why metals are going up. It doesn't happen overnight.

    • @go4it129
      @go4it129 3 месяца назад

      @@fin59shawSounds like you’ve been watching too much Yankee Stacking

  • @heartoftexas8092
    @heartoftexas8092 3 месяца назад +31

    Fully stacked bought PM'S when no one wanted them.

    • @GraceT-y4g
      @GraceT-y4g 3 месяца назад +3

      YELLOW GOLD... @0@

    • @edb3877
      @edb3877 3 месяца назад +5

      That was how I made my Constitutional silver stack. It was really cheap back in 2010 because very few wanted it. Got a lot of it and
      am happy that I did. Some of it was even at spot from a pawn shop where I was a regular buyer of silver coins. Hard to beat that.
      After that, I went on to buy ASEs and Maples, mostly at $14-$16 an oz. with a $2 to $2.50 premium. That was a good time to be
      stacking, unlike today. Of course, everyone who stacks will be saying that as prices rise higher and higher over time.

    • @dondesnoo1771
      @dondesnoo1771 3 месяца назад +1

      Bought uncirc quarters 64 for 2 $ ea halves 4$ by the pound just to save them from being melted from a neighbor yrs ago

    • @heartoftexas8092
      @heartoftexas8092 3 месяца назад

      @@dondesnoo1771 I remember them times well.

    • @whyme4476
      @whyme4476 3 месяца назад

      How are you “fully” stacked? Do you own all the gold in the world?

  • @jjmaker
    @jjmaker 3 месяца назад +71

    when you realize buying gold/silver is not an investment but insurance against fiat money, only then will you become wealthy.

    • @JJ-dc7tt
      @JJ-dc7tt 3 месяца назад +2

      I heard someone say that: gold is wealth. Not sure what they meant, except that it is a sounder form of money.

    • @sadikmeah4057
      @sadikmeah4057 3 месяца назад +2

      Yeah right.
      Obviously the guy who sold it to you thinks otherwise

  • @shiftomnimega
    @shiftomnimega 3 месяца назад +12

    The one way nature of Costco had resulted in a bunch of gold and silver showing up in the cases at the LCS with the unique Costco packaging earlier this year. You’re onto something.

    • @2is1gold
      @2is1gold  3 месяца назад +4

      Yeah, I’ve heard that from the local shops in markets with Costcos actively stocking.

    • @seeky907
      @seeky907 3 месяца назад +3

      At the LCS I last went to, I saw a PAMP 1oz gold bar that Costco sells in the display case.

  • @jes1375
    @jes1375 3 месяца назад +7

    People in the west as of Wednesday still not buying. Thursday and Friday there was a shift. Gold flat, silver down pretty good but mining stocks still going up from what I noticed.

  • @domatthew1666
    @domatthew1666 3 месяца назад +8

    Gold at Cosco can be sold at any coin shop. So no worries. I just saw someone buy more than a million dollars worth of gold bars at a bank in Singapore a couple of days back. Yes. People are buying.

    • @vincentyeo88
      @vincentyeo88 3 месяца назад +2

      What's the name of that bank?
      Where is the location in Singapore?

    • @domatthew1666
      @domatthew1666 3 месяца назад +1

      @@vincentyeo88 UOB.

    • @vincentyeo88
      @vincentyeo88 3 месяца назад

      @@domatthew1666
      Thanks for info.

  • @leosilve
    @leosilve 3 месяца назад +10

    I’ve bought gold coins from Costco and have saved reasonably well due to the 2% cash back from the anywhere card and the 2% rewards from my membership (total 4% savings!). I’m holding on to these items for the longterm so I’m really not concerned about not being able to sell them to an online dealer. Besides, if ever a dealer wouldn’t want to buy them just coz I bought them from Costco, to me doesn’t speak well of a dealer and I would probably not want to do business with them either. Gold is gold and the gold sold at Costco is real (I have a Sigma PMV) so I don’t understand the reasoning about dealers not want to buy back gold from Costco other than spite.

    • @2is1gold
      @2is1gold  3 месяца назад

      I can’t imagine a dealer not buying gold somebody happened to buy from Costco. I wasn’t making a point like that.

    • @leosilve
      @leosilve 3 месяца назад +2

      @@2is1gold maybe that wasn’t your intent, I’ll give your that, but that’s how it came across to me (just sayin’) enough to think about about why online dealers wouldn’t want to buy gold from sellers just coz they were bought from Costco. I think other comments reflect this thought as well.

    • @sal2879
      @sal2879 3 месяца назад +3

      I also don’t understand why some of us knock the Costco gold. Gold Is gold, and if for some reason, you want to hide the fact that you got it at Costco, just break it out of the packaging and you have a raw coin. Low premiums are all I’m looking for.

    • @leosilve
      @leosilve 3 месяца назад

      @@sal2879 I have the city stacker alert via email. As soon as Costco puts the ad up, I get an email. Hasn’t failed yet. The only thing is that I’m not always ready with the funds. But I’ve bought gold coins, bars and silver coins from Costco this way and it’s been smooth and hassle free so far. Much quicker turn around than sending an e-check to an online retailer and waiting for the funds to clear on their end before they even ship it. I’ve been able to get most of my gold shipped from Costco within a day or 2! There was only one time they shipped it after 3-4 days and that was because it was the Memorial Day weekend. And the best part, I get 4% back; 2% cash back from my card, and 2% reward from my membership. I’m always looking for deals online and I have not found one yet that would beat the Costco price/returns combo!

  • @shacklord
    @shacklord 3 месяца назад +16

    Sometimes I forget that I have a few ounces of silver.

    • @2is1gold
      @2is1gold  3 месяца назад +13

      Hold onto it. Soon you’ll be able to buy a house with it. 😄

    • @GraceT-y4g
      @GraceT-y4g 3 месяца назад +1

      White Silver & Yellow Gold?

    • @BB-gb2eq
      @BB-gb2eq 3 месяца назад

      ​@@nooneimportant779
      The housing market is showing cracks and will plummet in value when the the housing bubble pops.
      Hang in there and keep accumulating responsibly, you are in a good place.
      Warren Buffet said it best. Accumulate while the market is boring

    • @rays3995
      @rays3995 3 месяца назад

      Bullshit a man with a suit will always win Chinese money next ​@@2is1gold

  • @RockHudrock
    @RockHudrock 3 месяца назад +3

    My LCS is FLOODED with sellers. Very few buyers. Strane’s selling back to a wholesaler just to keep in balance. He said that’s true both for gold and silver. He did say more buyers than sellers for platinum.

    • @2is1gold
      @2is1gold  3 месяца назад

      Interesting / good to know. I just had another tell me lots of buyers, very few sellers.

  • @wasillastacker
    @wasillastacker 3 месяца назад +5

    Famous people always rushing to buy when the price is on the way up. Only us stackers continue buying as the prices are dropping. Thanks for the video as always

    • @2is1gold
      @2is1gold  3 месяца назад

      Cheers!

    • @BrilloHead
      @BrilloHead 3 месяца назад +1

      Well I just got into gold this past month. Paid $2400-$2500.

  • @wda-59-14
    @wda-59-14 3 месяца назад +8

    Grabbed another Buffalo recently...have a good weekend.

  • @andrepoirot8285
    @andrepoirot8285 3 месяца назад +17

    Its just begun!!! Don't sell

  • @modus_operandi2508
    @modus_operandi2508 3 месяца назад +5

    Buying only 10oz. Silver bars now.....best buy out there in my pinion

  • @Spirit-FilledMindset
    @Spirit-FilledMindset 3 месяца назад +2

    Visited my LCS yesterday (they have a few branches, so they aren't a small mom and pop). The week before they said they were selling more. Yesterday, I could clearly see everyone but me was trying to sell.

  • @Frd4Lf
    @Frd4Lf 3 месяца назад +30

    I buy constantly no matter the price.

    • @2is1gold
      @2is1gold  3 месяца назад +1

      🤜🤛

    • @MrEric88g
      @MrEric88g 3 месяца назад

      Yes sir 🫡

    • @MokaneMalone-z2d
      @MokaneMalone-z2d 3 месяца назад

      @@2is1gold Rapper 2Pac would like these gold bars, u want my merchandise?? Lol nevermind, u wont be interested. Thug Life homie Thug Life, Outlaw Immortals.

  • @geecuemd
    @geecuemd 3 месяца назад +12

    Been trying to get that liberty eagle coin you keep showing off, need that lol

    • @2is1gold
      @2is1gold  3 месяца назад +3

      Ha! Sorry about the peer pressure! 😄

    • @num1cheechwizard
      @num1cheechwizard 3 месяца назад

      That is the difference between being a collector and a bullion collector of weight. Both are useful.

  • @togr824get
    @togr824get 3 месяца назад +2

    Good video..i agree, I can't see buying gold from a place that wouldn't buy it
    Back.. Make it seem like they don't have much faith in their product.

  • @thename9552
    @thename9552 3 месяца назад +8

    Another big company competing with smaller companies (lcr) and they don't buy back.....

    • @sal2879
      @sal2879 3 месяца назад +3

      I don’t understand why a lot of people gripe about Costco not buying back your gold. The whole thing about gold is the ability to sell it anywhere and everywhere. Personally I don’t care where I get my gold as long as it’s real and I’m not paying too much.

    • @leosilve
      @leosilve 3 месяца назад

      @@sal2879 agree!

  • @clkgroup6367
    @clkgroup6367 3 месяца назад +1

    New subscriber here. I had heard of Costco selling gold & silver a few weeks ago and checked with my local outlet. They did not have.
    Two days ago I checked gold spot and it was $2,329.71/oz. My Costco was selling one oz. Gold Eagles in assay type holders for $2,419.99 ea. Shipping via UPS registered and insured included. My state does not tax bullion sales.
    They are also now accepting MasterCard in addition to Visa. My bank card returns 2% cash back on all purchases. I'm not a Costco Premier member so I don't get the additional 2%. $2,371.59/oz is better than the three large bullion dealers I checked including SD Bullion who I have an account with. SD Bullion was around $2,400 ea.

    • @2is1gold
      @2is1gold  3 месяца назад

      Yeah, familiar story. Availability of what /whenI want has kept me from considering it yet. I’d still rather buy from a vendor I know and one who will also buy, though. Cheers!

    • @leosilve
      @leosilve 3 месяца назад

      I have the city stacker alert via email. As soon as Costco puts the ad up, I get an email. Hasn’t failed yet. The only thing is that I’m not always ready with the funds. But I’ve bought gold coins, bars and silver coins from Costco this way and it’s been smooth and hassle free so far. Much quicker turn around than sending an e-check to an online retailer and waiting for the funds to clear on their end before they even ship it. I’ve been able to get most of my gold shipped from Costco within a day or 2! There was only one time they shipped it after 3-4 days and that was because it was the Memorial Day weekend. And the best part, I get 4% back; 2% cash back from my card, and 2% reward from my membership. I’m always looking for deals online and I have not found one yet that would beat the Costco price/returns combo!

  • @jes1375
    @jes1375 3 месяца назад +4

    FIAT currencies are dying fast or at a bare minimum are going to be very deflated over the next decade.
    Buy anything that will hold value.
    Especially things that fit in a car just in case 😏

  • @RetSol61
    @RetSol61 3 месяца назад +5

    My goal is to stack enough gold & silver to a point of 6 months worth of income. I'm not rich but need a wealth reservation instrument.

    • @2is1gold
      @2is1gold  3 месяца назад

      I’ve always thought a plan like that is a good idea.

  • @stephencopley3767
    @stephencopley3767 3 месяца назад +3

    Lets just say we have a digital currency. You buy your gold it goes up, you go to a dealer he knocks the price of your gold down, you think about the price, you still making a lot on your gold (except why not.)
    Remember gold is money, not just to trade back to dealer, there will be plenty to buy a lot of people selling, and will take gold or silver.
    Better to hold it , than have nothing.

  • @christophermccormick8670
    @christophermccormick8670 3 месяца назад +20

    Selling the foreign gold slowly and accumulating coins of the realm. COSTCO buys are Butter, Bacon, Oxy Clean, paper towels, gas and rack of lamb. 🥃

    • @2is1gold
      @2is1gold  3 месяца назад +2

      Protein and water. Trucks of the stuff. 😅

    • @sinesaii
      @sinesaii 3 месяца назад +1

      Very cool that they have lamb by you

  • @2Eaglez
    @2Eaglez 3 месяца назад +9

    New gold purchases will be pre 1933 graded coins.

    • @2is1gold
      @2is1gold  3 месяца назад +1

      I can’t get a read on prices right now. Dealers are all over the board on pre-33.

    • @fu4616
      @fu4616 3 месяца назад +1

      Pre-33s are my go-to before bullion.

    • @2Eaglez
      @2Eaglez 3 месяца назад

      @@fu4616 started on Pre 1933 this year as I have bullion and am concerned now about another Roosevelt event.

    • @2Eaglez
      @2Eaglez 3 месяца назад +1

      @@2is1gold I am watching several reputable dealers and buying when the pre 1933s are at or near spot. I try to buy graded when available in $10 and $20 coins. I realize that pre 1933 are slightly less in actual weight but think they will be worth more due to grading. Also have sufficient bullion and most of my smaller coins are French Francs and Sovereigns with pre WW2 dates.

  • @sicpuppyblahblah
    @sicpuppyblahblah 3 месяца назад +2

    Just purchased The Royal Tudor Beasts 2024 Seymour Unicorn 1oz. And gifted a 1/4oz of the same type. Keep stacking!

  • @TheQuickSilver101
    @TheQuickSilver101 3 месяца назад +11

    I understand buying from the local dealer instead of Costco but I have to say that looking for metals at my local Costcos has been fun. Not to mention I've now seen people buying bars and coins from Costco. I hope it sticks around. If nothing else it's more exposure for metals which I find exciting

    • @2is1gold
      @2is1gold  3 месяца назад

      Agreed. More exposure is great. Cheers!

    • @leosilve
      @leosilve 3 месяца назад +3

      I’ve bought gold coins from Costco and have saved reasonably well due to the 2% cash back from the anywhere card and the 2% rewards from my membership (total 4% savings!). I’m holding on to these items for the longterm so I’m really not concerned about not being able to sell them to an online dealer. Besides, if ever a dealer wouldn’t want to buy them just coz I bought them from Costco, to me doesn’t speak well of a dealer and I would probably not want to do business with them either. Gold is gold and the gold sold at Costco is real (I have a Sigma PMV) so I don’t understand the reasoning about dealers not want to buy back gold from Costco other than spite.

    • @joshmarksberry2274
      @joshmarksberry2274 3 месяца назад

      ​@@leosilveYou can buy it on credit?

    • @leosilve
      @leosilve 3 месяца назад

      @@joshmarksberry2274 sure… if you’re using a credit card to pay for the order. And that’s the other thing… the online sellers have separate tiered premiums for; echeck, papal, credit card, etc. Costco doesn’t play those games. You can use a credit card and the price/premium remains the same.

  • @jayroc3337
    @jayroc3337 3 месяца назад +2

    Seems like everyone’s LCS are terrible. Mine buys over spot on everything except for palladium, which is on spot

  • @lcflooring3887
    @lcflooring3887 3 месяца назад +10

    Costco is good for us it gets more people involved and looking I got in to collecting coins in the early 70s. But not from coin stores from whitE front. It was like a Walmart today if I had never bought those few coins I may have never got into stacking and collecting like today

    • @2is1gold
      @2is1gold  3 месяца назад +3

      Agreed.

    • @leosilve
      @leosilve 3 месяца назад +2

      I’ve bought gold coins from Costco and have saved reasonably well due to the 2% cash back from the anywhere card and the 2% rewards from my membership (total 4% savings!). I’m holding on to these items for the longterm so I’m really not concerned about not being able to sell them to an online dealer. Besides, if ever a dealer wouldn’t want to buy them just coz I bought them from Costco, to me doesn’t speak well of a dealer and I would probably not want to do business with them either. Gold is gold and the gold sold at Costco is real (I have a Sigma PMV) so I don’t understand the reasoning about dealers not want to buy back gold from Costco other than spite.

  • @lordgrinz
    @lordgrinz 2 месяца назад

    I thought about buying some that I would put away that would be unseen for decades, but not until it gets back to about $1300-$1500.

  • @davidgyeidel6281
    @davidgyeidel6281 2 месяца назад +1

    Just to let you know -
    This is a great video - I enjoyed it and learned something, including your
    paerticular outlook on the current situation. What I'm doing: well, I'm a newbie -
    years ago bought a single 1/10 ounce Krugerrand, just be able to hold some
    gold in my hand when time got hard (also years ago) I pawned that Krugerrand,
    and lost it - much more recently I bought a 1/100 ounce Scottsdale Mint gold bar,
    again to be able to hold gold in my hand. More recently I've started buying junk
    silver (dimes) as a start to building a pile of spending and/or barterable money to
    have for the day when the curreny collapses. I'm not a coin collector, of either new
    or older gold or silver coin or rounds; I just want hard money available to me to
    spend when paper dollars aren't accepted in trade anymore.

    • @2is1gold
      @2is1gold  2 месяца назад

      @@davidgyeidel6281 🤜🤛

  • @wimbelmans7245
    @wimbelmans7245 3 месяца назад +7

    i went to the doctor he says i have gold fever😅

    • @Jimmyrig54
      @Jimmyrig54 3 месяца назад +1

      That's pretty funny!

  • @mikebiase6710
    @mikebiase6710 3 месяца назад +6

    Even Walmart is now in the game !?

  • @superstar5123
    @superstar5123 3 месяца назад +2

    next purchase will either be a 1 oz RCM Gold Wafer or a 1 oz Gold Britannia for myself, I just have to decide on which one I want. I see your stack of Eagles, and personally I like the design of the Britannias more. Either way, we're adding weight to our wealth, to each his own

  • @insiditious6203
    @insiditious6203 3 месяца назад +1

    I bought 2 oz of gold recently, but I’m mostly a silver guy as I think it’s pretty undervalued compared to gold

  • @MarcoEmeryLinden
    @MarcoEmeryLinden 3 месяца назад +1

    Costco gold is great. More people getting into our community is a good thing. Not everyone feels comfortable with coin shops. I love seeing new people joining our hobby.

  • @BoBear79
    @BoBear79 3 месяца назад +4

    Reversion to the mean is the second strongest force in the universe, after gravity.

  • @simplewelshman
    @simplewelshman 3 месяца назад +2

    Anyone else still buying gold in this price environment? I have bought a couple of ounces this year, as I do every year, so dollar cost averaging is helping me rationalise the higher prices paid.

    • @2is1gold
      @2is1gold  3 месяца назад +2

      Yep

    • @georgewashington7444
      @georgewashington7444 3 месяца назад +1

      1/2 AGE a month the other $700 that used to go towards a 1OZ coin is invested.
      @ $2400 for 1OZ is stressing my allowance.

  • @omnium2607
    @omnium2607 3 месяца назад +2

    Gold is expensive compared to silver and platinum. Play the ratio game and continue to buy silver and platinum with no intention to sell for years. I have stocks to buy and sell, precious metals for longterm.

    • @2is1gold
      @2is1gold  3 месяца назад

      I don't understand where the platinum idea is coming from.

    • @chaunceyhart1346
      @chaunceyhart1346 3 месяца назад

      @@2is1goldWhat do you not understand about it?

  • @bradleyozbun1012
    @bradleyozbun1012 3 месяца назад +4

    I'm keep buying and hopefully get a dip when it's time.
    💯 to you & the channel 2 is 1 # .
    Thx. Always good content.
    Also you better have a relationship with your L.C.S. .
    It can make things safer for a person that doesn't have street smarts !

  • @markedwardmarshall
    @markedwardmarshall 3 месяца назад +1

    Dammit, there is no way that I am getting out of Costco without spending at least $200 ... so they darn well should let me pay with one of those 1oz silver Canadian Maple Leafs they sold me!!

  • @doogcat
    @doogcat 3 месяца назад +4

    I actually sold some silver back to Apmex and they were giving $1.50 over spot I felt like unloading some silver I dump about 200oz when spot was 32 I was actually waiting for this moment silver is really tough to store so I decided to make some room for more gold if that makes sense. As always thanks for sharing well appreciated

  • @silverstacksprepper
    @silverstacksprepper 3 месяца назад

    I have a few pieces of silver, but I've recently been trading silver in for gold.
    I've also started buying One tenth gold pieces and a small amount of constitutional 40 percent silver.
    Great video

  • @ComicCommando
    @ComicCommando 3 месяца назад +3

    I think people would have to be in the sell as in need mode because nobody wants to hold dollars anymore @2 is 1

  • @ga1actic_muffin
    @ga1actic_muffin 3 месяца назад +1

    STOP BUYING, START PANNING!!! Buy my gold pans, my pattented Teardrop Pans! Easiest gold capture of any gold pans on the market!! ;)

  • @TwitchRadio
    @TwitchRadio 3 месяца назад +2

    Got good deals at my LCS too this week and they were say people were selling tons of silver but gold was holding it's own (Tacoma wa)... I when and traded in a bit of silver for 1 1/2 ozt of gold... Trading in some silver I got at like at $11 ish an ozt back years ago... so technically I definitely got my money's worth of gold😂..

  • @Skyheart-qy6zm
    @Skyheart-qy6zm 3 месяца назад +2

    I bought at the top and I don’t mind because I’m not planning to sell anytime soon

  • @13Potsy13
    @13Potsy13 3 месяца назад +2

    Continuing to add, next full oz AGE or Buffalo add scheduled for October. Fractional gold or full oz Pt between now and then.

  • @downtownbun
    @downtownbun 3 месяца назад

    I started panic buying bullion at first, but now I buy real gold coins. Mostly pre 33 gold coins. Mexican 50 pesos are good buys and St Gaudens are my choice. Collectible coins are less likely to be confiscated and they have 2 value streams. Not only for the metal alone, but they have a collectible value.

  • @bo_dink
    @bo_dink 3 месяца назад +1

    Got my gold & silver stack where I want it so I'm selective in my current purchases. I'm buying pre-33 St Gaudens double eagles MS slabbed. Nicer ones I'm getting graded & others will be traded for ones in higher MS condition. That's where I'm at currently.

  • @spyrebel7612
    @spyrebel7612 3 месяца назад +1

    my dealer is $3 short of spot on silver. wild.

  • @sed6
    @sed6 3 месяца назад +2

    I'm converting a good percent of my Roth IRA to gold bullion!

  • @lpandy21
    @lpandy21 3 месяца назад +1

    Yes, I found all of this quite interesting. Thank you for the video.

  • @Watcher-ts3ql
    @Watcher-ts3ql 3 месяца назад +2

    I WANT ANOTHER BUFFALO BUT THE PRICE ISN‘T RIGHT.

  • @GregJones-df1ge
    @GregJones-df1ge 3 месяца назад +1

    Thanks for sharing your thoughts. Nice little showcase of the 2009 UHR. Makes me smile every time you pick it up. Mine has a little copper spot, but I guess that lets me know it's real...

    • @2is1gold
      @2is1gold  3 месяца назад

      Such a good looking coin. 🤩

  • @DHaworth100
    @DHaworth100 3 месяца назад +1

    In spring and summer I buy constitutional and copper. Fall and winter I buy silver and gold.

  • @Pat_Smith778
    @Pat_Smith778 3 месяца назад +1

    Still not used to these prices. In a Holding pattern.

  • @themineralmenagerie3667
    @themineralmenagerie3667 3 месяца назад +1

    I’m on the fence about buying from Costco . I’m stacking for the long hall and Costco points are great but I enjoy buying from my small LCS bc its fun to go in and have a chat with the coin shop dealer and my purchase just feel better if that makes sense. Love my LCS

  • @EMan-cu5zo
    @EMan-cu5zo 3 месяца назад

    I just like to use it to save money over time. I personally have never sold but I hear many people are selling from what I have heard and it kind of makes sense with lower premiums out there.

  • @daviddixon2209
    @daviddixon2209 3 месяца назад

    I've picked up a few pieces of silver this year, when I've had opportunities to buy at or below spot. I'm waiting for the summer doldrums to buy in volume.

  • @mireederrick1977
    @mireederrick1977 3 месяца назад +2

    I buy silver, gold and other metals! Because, The Central Banks 😲😲🏦 are stacking them 🤷🤷.

  • @skyhighstax
    @skyhighstax 3 месяца назад +2

    i want to buy gold today, tomorrow, the day after and the day after that

  • @DarthPreciousMetals
    @DarthPreciousMetals 3 месяца назад +2

    Well, still buying 1/4 a month , just like always🤷‍♂️

  • @BorisLikesBonds
    @BorisLikesBonds 2 месяца назад

    I’m continuing to allocate and save cash on a weekly basis for my next gold purchase, which I think will be a half ounce piece. This summer has been a little expensive so the allocation rate has been reduced. At least it wasn’t eliminated. 👍
    Higher prices are an odd conundrum. Sellers cheer them on and buys bemoan them. The size of sellers and buyers changes and that’s what makes for price corrections. Hence, the cure for high prices is high prices.
    Think about who stands to benefit from high prices.
    1) Miners
    2) Minters
    3) Dealers
    Buyers, whether you’re a lone retail holder or a Central Bank, suffer. More is paid for less.
    Unlike other commodities, gold is unique. It carries a little bit of that “luxury” status like a Rolex watch or a Ferrari automobile. Supply is constrained which raises prices which increases its allure which fuels demand which raise prices. 🤔
    Good luck to all! 🙂

  • @mattmurphy8288
    @mattmurphy8288 3 месяца назад +2

    I got some gold and much more silver... if it all goes sideway my family will eat....

    • @Chrunchmunch
      @Chrunchmunch 3 месяца назад +1

      How much silver?

    • @Chrunchmunch
      @Chrunchmunch 3 месяца назад

      How much silver do you think is enough to maintain your family?

    • @mattmurphy8288
      @mattmurphy8288 3 месяца назад

      @@Chrunchmunch 100 ounce of silver should feed a family of 4 … for about 5 months … give or take…

  • @BrigetteWaltershield
    @BrigetteWaltershield 7 дней назад

    I never viewed metals as an investment, but I always saw it as a great way to save your cash & retain the value from when you bought it. It’s not hard to turn it to liquid cash, and it beats letting inflation destroy your savings.

    • @CamdenVanderlaan
      @CamdenVanderlaan 7 дней назад

      You’ve nailed it! The volatility in crude prices underscores the need for strategic investing. Gold and crude can serve as effective hedges in times of instability. Balancing investments in these assets can provide stability and potential growth, especially amidst rising inflation and geopolitical risks

  • @XiaodongWang-qt9oy
    @XiaodongWang-qt9oy 3 месяца назад +1

    You are absolutely right!

  • @mayormccheese6171
    @mayormccheese6171 2 месяца назад

    I can't decide whether to buy gold or a term deposit. I'm leaning towards gold because at the end of the day at least it's something, a permanent asset.

  • @silverbeancounter
    @silverbeancounter 3 месяца назад +2

    My wife's got an oz of gold sitting in the online cart at Costco. Its been a minute since i bought an oz. It just might be the right time over silver right now.

  • @kurjan1
    @kurjan1 3 месяца назад +1

    I've got my gold. Never bought silver... other than silverware for dinning. With interest rates as high as they are, I am simply accumulating cash and letting it compound. Plus a bit of crypto. The world is a tinderbox right now, I am happy to sit on cash and have my farm in southern Tassie.

    • @0004612
      @0004612 3 месяца назад

      God’s country!

  • @lcflooring3887
    @lcflooring3887 3 месяца назад +12

    I would sell a kidney now instead of any of my silver or gold

  • @silvermoneyphoenix1624
    @silvermoneyphoenix1624 3 месяца назад

    Premiums for gold would be much higher at online dealers if net buying demand was high. Online coin dealers are not most people's friends, they'll sell as high as whatever price customers are willing to pay. Locally seems like a lot of people are selling gold. A lot of coin shops around me are buying at or under spot, and many times those purchases are sent straight to refineries.

  • @natemr4482
    @natemr4482 3 месяца назад +3

    Great video brother thanks for the info 🥃🥃🥃

    • @2is1gold
      @2is1gold  3 месяца назад +1

      Thanks Nate! 🥃

  • @T215man79
    @T215man79 3 месяца назад +3

    Is now a good time to buy a 1/2 half ounce coin?

    • @nomadicfenceman509
      @nomadicfenceman509 3 месяца назад +4

      It’s a preservation of wealth…. Buy and hold… buy and hold with money you know you’re not going to need anytime soon

  • @lawrence5039
    @lawrence5039 3 месяца назад +1

    The problem with 'everybody buying gold' is that everybody is not buying gold. The price of gold doesn't change based on private individuals buying an ounce 'here and there'. There is a lot of pride when a person buys a gold coin (see comments below), but investors they are not. They are buying into the dream that gold cannot possibly go down in price and stay down for an extended period of time, which it can. Good thing gold is not going to bankrupt anybody since an ounce is only $2400. Just don't put it on a credit card and not pay it off in full each month.

  • @dondesnoo1771
    @dondesnoo1771 3 месяца назад

    The real problem is if you need to buy groceries you'll need a hacksaw w 1 oz s and you'lll need silver or small gold dealing w coin dealers is weak spot 👾started w gold was 350$ silver 4$ not paying 2300 now

  • @georgeschlereth4974
    @georgeschlereth4974 3 месяца назад

    Keep stacking its the same as realestate it always goes up in time

  • @de_pin5835
    @de_pin5835 3 месяца назад

    Most store front buyers of precious metals pay 80% of spot.
    Do the math.

  • @peepingdumb1
    @peepingdumb1 3 месяца назад

    Super bummed I just started getting into it. I’m shocked by the price now and I’m hesitant to buy more now.

  • @wfrancke
    @wfrancke 3 месяца назад

    Waiting for the dip. Like all things in life, whatever goes up must come down. Patience...

  • @davidfaria6194
    @davidfaria6194 3 месяца назад +2

    I’m sitting on everything

  • @thingamujigger1585
    @thingamujigger1585 3 месяца назад +4

    DCA
    Diversify.
    Enjoy.

  • @davids11131113
    @davids11131113 3 месяца назад

    Not everyone’s buying gold it’s still a small % of the population that really stacks PM

  • @samuelnewitt6978
    @samuelnewitt6978 3 месяца назад

    The Costco thing confuses me, they've been selling bullion for years in the UK. Maybe they just didn't have competition from coin shops, because we don't have so many and stacking isn't really part of British culture

  • @alangreenspun179
    @alangreenspun179 Месяц назад

    Seems time for wealth preservation and that means gold, I've bought silver for years but it's not traditionally a wealth preserver

  • @Ukwemustcarryonok
    @Ukwemustcarryonok 3 месяца назад

    I have 4 sizes of gold. I have it for maybe 4 to 10 years and will check it every 3 weeks its up down up down up up down etc

  • @jeffsurfanderson
    @jeffsurfanderson 3 месяца назад

    I'm still buying once it gets around 2300 an ounce from my dealer

  • @T215man79
    @T215man79 3 месяца назад +2

    Is now a good time to buy a 1/2 half ounce coin

  • @considerthetruth
    @considerthetruth 3 месяца назад

    my shop says people are selling to pay the bills

  • @Silverstate2023
    @Silverstate2023 3 месяца назад

    I bought alot of my gold under 500/oz never thought we would see this.

  • @homesteadaquarius
    @homesteadaquarius 3 месяца назад +1

    Thank you!

    • @2is1gold
      @2is1gold  3 месяца назад +1

      Have a good weekend!

  • @blastoffbat3820
    @blastoffbat3820 3 месяца назад +1

    I say ''blueberries and bananas,'' ''something shiny,'' sounds like a great combination to me, just saying. Tee hee hee haha!!😆

  • @mindyourownbusiness579
    @mindyourownbusiness579 3 месяца назад +1

    Support your local Coin Shop sell them your Costco bars for cash

  • @GraceT-y4g
    @GraceT-y4g 3 месяца назад +1

    Gold, Yellow Gold??? YELLOW GOLD... YELLOW Gold!!!