Do the math, I bought gold for $385/oz in 1994 while making $7.50/hr. When I retired gold was $1850/oz while earning $35/hr. 51 hours/oz vs. 52 hours/oz. nothing has changed.
It’s a mental thing. You don’t ”buy” gold and consume it. You convert an asset into a different asset, so you haven’t really ”lost” anything, the asset is still there. If the thought process is like that, it’s easier accumulating gold.
I always tell my wife that buying gold is not "spending" money. It's merely converting soft fiat currency into a hard metallic form of money. It's "money" either way but when it is in its metallic form, it is much less affected by inflation than when it is in its paper form.
@@user-hx1cz8lm2s that’s what has me concerned too. Especially when I look at the one 1 ounce coin that I have, looking back on it now if I could do it again, I would get fractionals.
@@Johnny-kv4lvI sold sixty ounces around that time. I was out of work and in a real pickle. I felt fine because “everyone knew” that gold could not stay above $1,000. It was a ridiculous value. I started buying again recently, but I worked on Wall Street back then (my income has never recovered). No one knows where prices will go. It is truly a random walk.
@@Rascal77s I never bought gold at such a low price. The first gold I ever bought was $1184 per oz. I could have bought at $800... and should have... but I was making a lot of money in the stock market at the time, so just kept with that. By the time I started buying gold, though, I had LOTS of cash to do it with, so maybe that makes up for some of the price rise between those times?
Never an issue here. My wife and I have long had a His, Hers, and Ours money system. We both fund the house and its expenses but I spend my money on whatever I choose and she does the same. Neither of us have ever argued about money. We do discuss it from time to time as needed but there is no fighting over it. It's basically a very good system to use for married couples where both had careers and earned similar salaries.
I’m a little nervous. That last “step forward” from $2k to $2.5k was a big one, and I expect a “half step back” before continuing upward. I’m hedging a little with small fractional buys of low premium coins.
i am comfortable with silver at this level so i see it as a buy silver window and look to swap when GSR becomes more favorable but i have plenty of both metals currently and not experiencing fomo
@@garynelson4749 - I agree about the Ag price, and will take it in trades and such, but don’t plan to buy any. Silver is, in my mind at least, a completely different commodity. More like pork bellies than it is like gold. Humanity has always looked for stuff “like gold,” trying electrum, silver, diamonds, platinum, and cryptocurrencies, but ultimately found them too heavy, subject to debasement, or too dependent on monopolistic price controls (subject to market manipulation). I don’t particularly like fractional gold, requiring as it does the use of too many decimal places, but have found some decent deals at the local shop in fractional Philharmonics, Britannias, Aussie oddballs, scuzzy old Krands, etc., to feed my addiction.
Gold is still very cheap 2500 is nothing for a 1 ounce gold coin, it's a steal. Food is what has gotten to expensive and real estate but gold is still very cheap compared to everything else that went up since covid. In a few years when gold is over 5,000 everyone will wish they were buying gold up at today's price.
$2500 an oz. is cheap for gold *IF* one has $2500 to spare. If not, then either fractional oz. gold or 1-10 oz. silver products can be a good alternative.
@dukenukemani07 kids working at McDonald's are making 50k per year 2500 is nothing now a days. It's not like this is the 60s and you could buy a car for 2500 or a house for 12k.
My plan when I originally started stacking a year ago, was to buy silver, then eventually trade it for gold. The only problem with that is the premiums you pay for the silver. Where I live, they're comparable (~15% - 20% for generics, up to 30% for Silver Eagles) to 1/10th ounce fractional Gold Eagles @ ~19% over, which is what I paid last week. Once I realized that, it was a no-brainer to cut out the middle-man and just go for the gold. Is the premium outrageous? Yes, but I'm stacking for retirement, and there's an excellent chance that the gold I buy now will be worth much more in 15 years than the paper I traded for it. Once my stepson is out of college, I'll be snapping up larger pieces.
Silver premiums have been crazy! They're starting to come down, but so are premiums on fractional gold. Today's flash sale is a great example. 15% for a 1/10 oz AGE is great when it was 35% a year ago. Cheers!
I've been retired for 20 years now and am still stacking for retirement! But in my case, this is wealth insurance. We've had a taste of inflation over the past 18 months or so and it hasn't really had any impact on our daily lives... YET. But I can see a time coming when it will and if / when that time comes, I want to be able to sell some gold and silver to make up for the differences in the costs of essential items, such as decent food and medical care plus the cost of gasoline and electricity. I don't know what the odds are of having hyper- inflation at some point but I'm pretty sure that they are higher than zero. It is for this possibility that I have built good sized stacks of gold and silver. At the very least, this should be of help at reducing the impact of inflation. Stocks also tend to rise during periods of high inflation, so that's another resource that can be sold during hard times. During periods of deflation, large-cap dividend-paying stocks usually do the best, as do bonds but I'm not into bonds these days as they are a form of debt and the entire world is awash in debt. The less debt I have, the better I like it and currently I have no debt and no plans to add any.
3 years ago I shifted from silver to gold. An example back then: a 1/10 oz gold eagle from a well-known dealer/seller on eBay, w/free shipping - $230. with a 28% premium. Same dealer right now, a 1/10 oz maple leaf (which are running a little less expensive than gold eagles) - $287. with a 15% premium. Bought a couple in the past couple weeks, and planning on buying more. Glad to see the premiums coming down on these affordable fracs - you are "spot" on!
Have learned a lot from you the past 3 years as I ventured into buying gold. Keep up the great videos. And I agree with you again b/c I've been buying silver for years, a coin collector of you name it since 1964, and they both have a place in a metals portfolio.
Hello 2is1 mate 🤝 hope you're keeping well today bud? Great video and always enjoying listening to your take, I agree with the fractional, to be honest it's all i stack over here in England, I'm lucky tbf as we have sovereigns and they are CGT exempt here, they also have some very low premiums ❤️ depends where you buy, you can get a full sov ( 7.32g actual gold content) for around the same premium as a full 1ozt, and the half sov ( 3.66g gold content) for around the same premium as a 1/4 britannia. It's a great option for those of us that want to dollar cost average our stack, without having to spend so much each month 👍 anyway mate I always ramble too much lol so I'll leave it at that 🤝 watch how you go bud 🍻
My hesitation with gold is not only the cost but the frequency i am able to multiply it against the time variable of the economic unrest. For my purposes fractional everything is useful because it offers me the option to diversify my readiness. Nothing like getting a shipment of fractional gold ,silver, ammo, and etc all at once. At least for the time being. Adjustments as needed.
It’s incredible how no one talks about 1/2 ozT gold. It’s half the price of a 1 ozT piece and has the best premium of all fractional sizes. The 1/2 ounce is by far my favorite
Hey Domino, the occasional 1/2 ounces I have seen in the wild (as 2 puts it) had very sticky premiums! Furthermore, if someone have decided not to buy 1/4's or 1/10's and have saved hard - why stop at 1/2? Continue saving for that 1 oz 🙂
1/10th oz gold has a place in your stack. I dont have many coin shops around me. 1oz gold is harder to liquidate on the secondary market, 1/10th oz sell at the snap of my fingers. I also get most, sometimes all of my premium back.
It’s about what is easier to sell in easy times and in hard times. In easy times buy 1 once. In hard times buy 1/4th and 1/10. When times that were easy are getting hard sell the 1 ounces and buy the fractionals. Or just break the larger ones by using UPMA to exchange for smaller denominations. Maybe find a coin shop or other establishment that does that. Do it vice versa. The point is that your gold only matters if it’s as liquid as possible.
@@2is1gold Indeed so, which should be telling us all that the US$ is deteriorating very quickly. Any spare money that we have should be converted into gold to protect it from this deterioration. Our future prosperity may well depend on this.
I still enjoy hunting all four sizes of AGE’s..as you’ve mentioned previously I’ve also eliminated unnecessary expenses. For me “boring” is a preservation of wealth
Imagine the past 20 generations in your family tree stacked gold and kept passing it along. In the long run the current price doesnt matter, what matters is keep consistently stacking and passing it along to the next generation. Generational wealth is born.
I would rather have expensive gold than no gold. I look at it like I look at gas….. I just don’t look. I could walk I could not save. Or I can drive and save ?
Hey Viper - keep your finger off that button. Look at it like this: one more 1oz will not change a thing in your life. You will not live longer, you will not be smarter than the next guy! Wait till it feels right. All the best to you!
We had a cancer scare in our family this year thats really focussed my mind. We have restrictured our finances on ensuring security for our young boy. I have looked at what i spent monthly and trough a minimal shift in lifestyle im now able buy a 10th a month for a rainy day fund, im half way throught filling my first tube. I dont forsee ever needing to cash it in, but when the time comes i hope the fractionals will pay off ss they will still be affordable. If i was to save up for an oz the money would of been spent on something else by then.
@@2is1gold thankfully due to a really early diagnosis we are all well and clear or cancer. The whole experience focus's the mind! thanks for your videos they are very interesting 😁
If I'm buying fractions I'm definitely going to be looking for the better buy as far as premiums but you should be still buying on any small dip at the same time so pick your spot and wait for a dip
I’ve been saying for about a year that Fractional gold, not full ounce gold, is the future of stacking and it’s happening. HAHA to everyone who said I didn’t know what I was talking about!
I wish I would have just bitten the bullet all those years I was stacking silver and got gold instead. I have thousands of oz of silver, and it's not really worth all that much.
I remember when gold was $500 and was considered too expensive. Currently prefer 1/4 oz gold. If gold keeps rising the fractional should be more liquid. Goes up and beat the spread and be happy, drops and be happier to lower your overall average.
Sounds a lot like a win-win! I used that same technique when building my stock portfolio. When stocks would go up, I was happy because my wealth was increasing. When stocks went down, I was happy because that allowed me to add to my holdings at a lower price. I made the most money when the economy was coming out of recession, so usually see them as PAY-DAY! lol That's also when I tend to increase my charitable giving because I know that a lot of people can't participate in those gains and are in need.
Whenever anyone asks _should I buy now or wait_ to get a better deal I usually say about the same thing. My first ounce of gold was purchased at $1234 and I still have it. I never worry about _how much I could have saved_ if I waited or not, I'm just thankful I got started at all/when I did.
I will never buy a fractional of 1 oz gold coin. Just like you pointed out it's better to save up. I buy 4 oz of gold every 5-6 mounts. Thats how i do it. I started to load up on silver the first years. I bought at 22$ but now i have no interest in buying silver unless it drops down again to 20-22$ than i pick up a monsterbox every now and then. I expext a pullback in the market so right now i not buy anything.
@@NazarioFitness Agreed. In general, prices tend to "normalize" after an all time high is reached. But the question here is, "Will gold be an exception to this?". It might be but then again, it might not be. I always try to hedge my bets when buying financial assets, including stocks and PMs. My last gold buys were in Sept. and Oct. of 2023, when gold was in the $1820-$1850 range. I bought 3 ounces during each of those months but haven't bought since then. I do buy fractional gold coins from time to time to keep a hand in the game and also for their flexibility in selling. Suppose, for example, that gold did go to $10k per oz. Having some 1/4 and 1/2 oz. coins to sell could allow me to sell only enough to meet my needs at the time and not subject more of my wealth to the ravages of high inflation. From what I am seeing here in the US, there is zero political will to rein in spending, so the politicians of all stripes will ride this spending horse until it dies, resulting in an uncontrolled horrific economic and financial collapse. THAT will be the time when gold and silver shine most brightly, IMO.
To many people have no idea about gold and hedging the dollar.. On a side note, I wonder sometimes if the people in charge would demonize and blame gold holders for any financial crisis in the future.
Probably. In psychology, this is called "transference", as in these people are angry at themselves for not preparing for hard times as others have done and rather than beat themselves up about it, transfer that anger to someone else. This is the root cause of a lot of the so-called "anti-hoarding" laws. IMO, buying PMs well before any crisis comes is NOT hoarding, it is hedging. Buying up a lot of resources needed by others during a crisis and selling them for multiples of their cost IS hoarding. Unfortunately, few in need will bother to distinguish one from the other. They look no further than "He has what I need, so he's bad and I'm good", blah blah blah. Some can always justify the use of government power to steal from others. 😕
Hey John - "will gold holders be blamed for any financial crisis in the future?". Interesting question, since excessive private gold holdings was what worsened the Great Depression. People had hoarded gold to the amount of 1/3 of the economy. All day to day business almost came to a halt. Most Americans - and true patriots they were - followed the call and duly handed in some or all of their gold bullion for cash - a move which led to lifting off the Depression.
I want to start off by telling you how much I appreciate your content! Truly some of the best in the gold arena. I’m skeptical when I see offers and deals like this. Can you provide any detail on how this new company can offer such low premiums and your relationship with them? Thanks in advance
If the geopolitical situation cools down, the strong quantitative easing measures don‘t cause a stronger inflation, the prospect of a recession turns out false then yes Gold will go back a little. I don‘t see that happening though so essentially I just fear a further upwind for the price..
Gold is King. Silver is the Crown Prince. Fractionals were my go-to from 99-2002. With today's prices, full oz makes more sense to me. Thank you for sharing.
I dont know how it is in america but in Europe historic coins like the franc and lire are fractionals with pretty low premiums all things considered You can buy 20 Austrian Kronen which are roughly 1/5 of an ounce for an incredible low premium from most coin vendors and they are my go to for buying at the end of the month
Just bought my first gold eagle 2020. I try to check my bullion and I found an inconsistency and was wondering if any one could answer for me. My 99.99 coins move down a rare earth agnet slowly. The eagle passed weight, dimension and ping test, but went right down the rare earth magnet ramp w/o hesitation is this normal since it is not 24K or is this likely a fake? 2 is 1 seems to be the expert on eagle so I figured this would be a goold place to check. Thank you in advance for any advice.
I cam remember back a year or 2 buying .1 ox for $180 & before that under $150. I have atube of foreign and a tube of AGE. With today's premium, they are worth considerably more.
I’m still buying gold just not as often as I was. Takes longer to save for it. But still buying it. As I see it as an investment. Makes me feel secure. As dollar we know is going down down down
I am buying this week so the price will come down soon lol..its my luck..but I must say I do not own any gold that is NOT in the Black including premis..
The answer is no…I have made a video on my channel Altlantic stacker, regarding price of gold, comparing premium of a rooster in France in the 80’s…. Premium was 80% above spot..
Today I started watching a lot of your videos and seriously looking into getting gold. What are the chances gold comes down in cost? Do you think it will again or does it just go up?
Took the grandkids to the Smithsonian's Museum of Natural History this morning...the gold display was impressive; the silver display was much smaller and looked like an afterthought. Walked away feeling validated! 😄
@@2is1gold So, just HOW interested are you? lol I have several 1/2 oz. gold coins and twice that many 1/4 oz. gold coins. I limit my stacking to Maples, AGEs, and Britannias to help keep things simpler.
you can buy 1/10th ounce canada gold for 276 with 5% cash back (262 net and 3.8% over spot) vs Summit at 291. No its not an Eagle. No it shouldn't matter.
Stack the lowest premium option until you grow your wealth enough, then convert some of those products to lower denominational products when the time is right
Gold fractional premiums: indeed, and not only that, but I have never gotten back premiums when I sold fractional back to major bullion dealers - i.e. they gave me the same spot price as 1 ounces.
I save for gold by buying gold backs. Their value moves with gold. I live in Utah so they are immediately available to me. I simply acquire enough until it equals an ounce. It works for me and I thought I’d share it.
Yes. I live in Utah. My LCS deals in Goldbacks. Not only that, the manufacturer of Goldbacks is located in the town next to mine. I have the benefit of arbitrage here. The manufacturer sells Goldbacks for 5% less than other dealers. I buy from them and trade them at local dealers. I haven’t had any trouble with Goldbacks.
I prefer the "old world" European coins to fractional Eagles. I can get them at melt+ vs. paying high premiums for the US coins. 20 Francs, Ducats, British Sovereigns, etc typically are sold for melt plus $5. Not as recognizable as Eagles but are made of gold just the same. Way easier to get more gold for the buck.
Hey man I want your opinion on cast bars. I don’t think I’ve ever seen them in your videos. I noticed that they are closer to spot. I’m hoping you have more information on them.
I've been focused on fractional as well. For me part of that has to do with the fact that I like having fractional as well as the current price. It just gives you more options including where you can sell. As a side note if people think $2500 gold sounds expensive I wonder how they'll feel about $3000 gold. I believe that's coming within the next couple of years
I'm thinking that they will feel *exactly* the same about $3,000 gold as they did about $2500 gold and $2,000 gold. But, when one looks closely at gold prices, is this not the very behavior that we all expected to happen? Did we not all buy gold with this scenario in mind? I think that we did, so why complain about it? Just buy what you can comfortably afford and move on with your life.
It wouldn't hurt anybody to have one or two tubes of 10 oz coins. Maybe you're still getting quarter Oz but you could add a 10th of an ounce and get .35 Oz instead of spending your extra cash on Silver or something
I don't like the higher costs but I am still going to buy it but a 1/4 oz a time. I bought a 1/4 oz AGE a couple weeks ago from BGASC. The premium was low at only $20.
I wish I could say - but I just don't know if it's too expensive....I just know I don't like to buy things that many are buying vs. when people aren't buying....I've decided to buy gold in the form of jewelry or watches (at the gold value based on weight and current spot)- as it's more interesting for me and it's still gold....
Look how the price of gold has been going up. Sometimes saving up for 1 full oz is pointless. We we gold make close to 100 dollar jump in a few days with very little pull back. If you wait till you can buy a full oz you probably just spent the premium by waiting if you would have just been buying fractional coins
We look at the price on the websites. Oh, that's a good price. Then, the debit card price. Darn! Unless you do a check wire, etc. If you got to use a debit card. You may as well go to your lcs.
The best price I’ve seen on 1/10 good eagles is from Bullion Exchanges. Right now they’re at $282.88 - which beats Summit’s flash sale price by nearly $10. And of you’re willing to “roll the dice” for a random sovereign mint 1/10 secondary market coin, Monument Metal has them for $263.64.
@@2is1gold I’ve received some nice sovereigns in the past doing a “random” coin purchase. Even picked up a slabbed 1/2 American “First Spouse Series” coin awhile back. Love your channel and your calm, logical approach.
@@markh1324 "Love your channel and your calm, logical approach." Agreed. This IS the adult gold channel on RUclips, IMO. Silver is mentioned from time to time but is not emphasized.
Do not forget, price go up over a year. So actually 1/4 may even be better in a long run. I got in to metals just this summer and it is already a case for me
Are the coins in the case at 02:55 gold coins? If so, are they 1/4 oz or 1/10 oz? Just curious. They would seem to be 1/4 oz because that would allow space for 2 oz of gold in the case.
I guessed I missed it as Summit's prices were rather meh. I've been doing significantly better elsewhere. I agree with you that there's a psychological component to a partially filled container. There's a natural urge to fill that sucker.
The flash sales on fractional are a great idea----especially with a full ounce being a tough pill to swallow for most. Also selling them down the road would be easier from several viewpoints-----privacy, tax limits etc., especially if gold ever does go to 10,000.
The premiums are ridiculous for fractional, 12% for a 10th 0z ge, looking to buy something else. The national average wage/ pay increase has not matched the price of gold increase. Essentially we're buying at the top with possibly a gold crash looming soon.
Yes it dang sure has! 🤯 And when you started your channel I was like man I’d love to reach his gold level Now I’m like dang I shoulda just went all Gold like him 😂
Im trying to sell my two krugerrand 1oz proof coins, is there a way to do it without getting ripped off because some of these dealers are ruthless. I'm in South Africa.
The whole crypto, NFT, AI etc bubbles popping, housing becoming too expensive as an investment in the first world, wars and conflicts, all of it is what will drive more people back to gold, so I wouldn't worry about the current price as it could be much higher easily
BUY fractional bars or 1/4oz rounds. The premium of 5 or 10gram bars and 1/4oz rounds are basically the as purchasing a 1oz gold coin/bar. I’ve been buying 5 ounces r 10 gram bars each month a year. Buy what your finances allow you buy
Hi, I live in the Middle East, In my area gold dealers sell gold in any way you want. they say the 5-gram gold coins in 21 carats are the best investment cuz it is very liquid and has cheaper labor costs. But if you want to go abroad 22 carats is better. should I listen to them?
Are British sovreigns used in the USA? They tend to be used in the UK and middle east, some with relatively low mark up. The older ones used to be used as legal tender (equivalent to a pound) in the UK
_Quick question! If gold becomes the standard again, especially at this price per ounce what would that say about the gold coins that has a printed face value of only $50? Would that have been a waste of money to such an investment?_
True cost is spot plus premium plus Postage with insurance and maybe a convenience fee in case carrying that much cash is not a good idea. Just a ramble , Cheers.
If there was more willingness held by the market to trade others goods, and services for gold. In place of cash as a means of settlement. This would certainly drive more demand for fractional gold coins. If the prices determined by the weight of gold for goods/services held constant, then reasons to buy fractional would be more evident by everyone.
Low premium fractionals all day long. I found a dude on CL selling 1/2 grams in assay for $40 ea a few months back and I took 'em all. Love big gold too (up to an ounce, those 100g are hard to move) but small stuff is more liquid IMO cuz... well you don't hunt a squirrel with a 30-06. ;-)
🔥🦅 Summit Metals Flash Sale: summitmetals.com/products/1-10-oz-american-gold-eagle
Get a random year American Gold Eagle for $291.50! 🦅🔥
I appreciate you put the price in the comment. Thanks
That bald guy is a pretty cool dude huh. We see the same barber.
Do the math, I bought gold for $385/oz in 1994 while making $7.50/hr. When I retired gold was $1850/oz while earning $35/hr. 51 hours/oz vs. 52 hours/oz. nothing has changed.
😂🤣😂
That’s your employers fault or you stayed doing the same job all your life
@Cripinub1 I loved my job, turned down higher paying jobs that I would have hated.
@@markgotschall2914not hating your work is far more important than being better paid doing something you dread. Wise choice.
It’s a mental thing. You don’t ”buy” gold and consume it. You convert an asset into a different asset, so you haven’t really ”lost” anything, the asset is still there. If the thought process is like that, it’s easier accumulating gold.
Yep, good point.
I always tell my wife that buying gold is not "spending" money. It's merely converting soft fiat currency into a hard metallic form of money.
It's "money" either way but when it is in its metallic form, it is much less affected by inflation than when it is in its paper form.
@@edb3877 Well said.
Bingo🎯
What I'm doin. Savings account that's staying with the times.
Gold will be 10k before we know it and we will look back and be like “remember when you could pick gold up for $2,500? Wicked cheap back then” 😂
I hope not, then that implies reporting issues
@@user-hx1cz8lm2s that’s what has me concerned too. Especially when I look at the one 1 ounce coin that I have, looking back on it now if I could do it again, I would get fractionals.
Said no one who bought in 2012 and was underwater for over a decade.
@@Johnny-kv4lvI sold sixty ounces around that time. I was out of work and in a real pickle. I felt fine because “everyone knew” that gold could not stay above $1,000. It was a ridiculous value. I started buying again recently, but I worked on Wall Street back then (my income has never recovered). No one knows where prices will go. It is truly a random walk.
@@user-hx1cz8lm2sReporting issues??? No 1099 reporting in any amount for American Gold Eagles or Buffalos. Choose wisely my friend.
Remember when gold sounded " expensive " at 2k?, Pepperidge Farm remembers 😃
I sure do!
I miss the good old days of $250 gold.
@@Rascal77s I never bought gold at such a low price. The first gold I ever bought was $1184 per oz. I could have bought at $800... and should have...
but I was making a lot of money in the stock market at the time, so just kept with that. By the time I started buying gold, though, I had LOTS of cash
to do it with, so maybe that makes up for some of the price rise between those times?
I memba 🫐
Holding gold, buying 10 oz. silver bars for now.😊
Buying gold is cheaper than a divorce. Make sure you buy flowers too. 😆
Never an issue here. My wife and I have long had a His, Hers, and Ours money system. We both fund the house and its expenses but I spend my money on whatever I choose
and she does the same. Neither of us have ever argued about money. We do discuss it from time to time as needed but there is no fighting over it. It's basically a very good
system to use for married couples where both had careers and earned similar salaries.
Buying gold is a fun hobby that acts as another avenue to save.
💯
I'm buying tons of "forever postage stamps" instead of metals. Guaranteed to go up in value and I can eat the paste if the SHTF.
😅
that's smart!
Does the post office buy back stamps like they used to do? I send less than a handful of letters annually these days.
😂
Nowhere near EXPENSIVE. Gold is going much much higher.
That just means the spending power of the dollar is getting much much lower.
I’m a little nervous. That last “step forward” from $2k to $2.5k was a big one, and I expect a “half step back” before continuing upward. I’m hedging a little with small fractional buys of low premium coins.
It was definitely a big step forward. September 18th will tell us a lot. Cheers!
i am comfortable with silver at this level so i see it as a buy silver window and look to swap when GSR becomes more favorable but i have plenty of both metals currently and not experiencing fomo
@@garynelson4749 - I agree about the Ag price, and will take it in trades and such, but don’t plan to buy any. Silver is, in my mind at least, a completely different commodity. More like pork bellies than it is like gold. Humanity has always looked for stuff “like gold,” trying electrum, silver, diamonds, platinum, and cryptocurrencies, but ultimately found them too heavy, subject to debasement, or too dependent on monopolistic price controls (subject to market manipulation). I don’t particularly like fractional gold, requiring as it does the use of too many decimal places, but have found some decent deals at the local shop in fractional Philharmonics, Britannias, Aussie oddballs, scuzzy old Krands, etc., to feed my addiction.
Gold is still very cheap 2500 is nothing for a 1 ounce gold coin, it's a steal. Food is what has gotten to expensive and real estate but gold is still very cheap compared to everything else that went up since covid. In a few years when gold is over 5,000 everyone will wish they were buying gold up at today's price.
$2500 an oz. is cheap for gold *IF* one has $2500 to spare. If not, then either fractional oz. gold or 1-10 oz. silver products can be a good alternative.
@@Frd4Lf $2500 is cheap?! Do you live in a bank or something?
@dukenukemani07 kids working at McDonald's are making 50k per year 2500 is nothing now a days. It's not like this is the 60s and you could buy a car for 2500 or a house for 12k.
@@Frd4Lf Riiiiiiiiiiight! Tell me that while sober! 🤣
You can add a zero to your $5000 gold price.
My plan when I originally started stacking a year ago, was to buy silver, then eventually trade it for gold. The only problem with that is the premiums you pay for the silver. Where I live, they're comparable (~15% - 20% for generics, up to 30% for Silver Eagles) to 1/10th ounce fractional Gold Eagles @ ~19% over, which is what I paid last week. Once I realized that, it was a no-brainer to cut out the middle-man and just go for the gold. Is the premium outrageous? Yes, but I'm stacking for retirement, and there's an excellent chance that the gold I buy now will be worth much more in 15 years than the paper I traded for it. Once my stepson is out of college, I'll be snapping up larger pieces.
Silver premiums have been crazy! They're starting to come down, but so are premiums on fractional gold. Today's flash sale is a great example. 15% for a 1/10 oz AGE is great when it was 35% a year ago. Cheers!
I've been retired for 20 years now and am still stacking for retirement! But in my case, this is wealth insurance. We've had a taste of inflation over the past 18 months or so and it
hasn't really had any impact on our daily lives... YET. But I can see a time coming when it will and if / when that time comes, I want to be able to sell some gold and silver to make
up for the differences in the costs of essential items, such as decent food and medical care plus the cost of gasoline and electricity. I don't know what the odds are of having hyper-
inflation at some point but I'm pretty sure that they are higher than zero. It is for this possibility that I have built good sized stacks of gold and silver. At the very least, this should be
of help at reducing the impact of inflation. Stocks also tend to rise during periods of high inflation, so that's another resource that can be sold during hard times. During periods of
deflation, large-cap dividend-paying stocks usually do the best, as do bonds but I'm not into bonds these days as they are a form of debt and the entire world is awash in debt. The
less debt I have, the better I like it and currently I have no debt and no plans to add any.
Sure the gold will be worth more. But the money you sell it for will be worth less also. Also minus premiums and taxes.
3 years ago I shifted from silver to gold. An example back then: a 1/10 oz gold eagle from a well-known dealer/seller on eBay, w/free shipping - $230. with a 28% premium. Same dealer right now, a 1/10 oz maple leaf (which are running a little less expensive than gold eagles) - $287. with a 15% premium. Bought a couple in the past couple weeks, and planning on buying more. Glad to see the premiums coming down on these affordable fracs - you are "spot" on!
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Have learned a lot from you the past 3 years as I ventured into buying gold. Keep up the great videos. And I agree with you again b/c I've been buying silver for years, a coin collector of you name it since 1964, and they both have a place in a metals portfolio.
Hello 2is1 mate 🤝 hope you're keeping well today bud? Great video and always enjoying listening to your take, I agree with the fractional, to be honest it's all i stack over here in England, I'm lucky tbf as we have sovereigns and they are CGT exempt here, they also have some very low premiums ❤️ depends where you buy, you can get a full sov ( 7.32g actual gold content) for around the same premium as a full 1ozt, and the half sov ( 3.66g gold content) for around the same premium as a 1/4 britannia. It's a great option for those of us that want to dollar cost average our stack, without having to spend so much each month 👍 anyway mate I always ramble too much lol so I'll leave it at that 🤝 watch how you go bud 🍻
I'm jealous of your CGT exemption! Cheers!
@2is1gold be good to see you in Stackers Social sometime mate 🫡 great bunch of like minded folks 🤝
My hesitation with gold is not only the cost but the frequency i am able to multiply it against the time variable of the economic unrest. For my purposes fractional everything is useful because it offers me the option to diversify my readiness. Nothing like getting a shipment of fractional gold ,silver, ammo, and etc all at once. At least for the time being. Adjustments as needed.
It’s incredible how no one talks about 1/2 ozT gold. It’s half the price of a 1 ozT piece and has the best premium of all fractional sizes. The 1/2 ounce is by far my favorite
Yeah, I don’t know why that it is. Seems like it would make a lot of sense, but I rarely see them in the wild.
You can also get a $10 pre33 gold piece at a very low premium right now. .4838 of an oz.
Hey Domino, the occasional 1/2 ounces I have seen in the wild (as 2 puts it) had very sticky premiums! Furthermore, if someone have decided not to buy 1/4's or 1/10's and have saved hard - why stop at 1/2? Continue saving for that 1 oz 🙂
Gold will never be expensive, it is just how many dollars it will take to buy an ounce.
Gold too expensive at $2,500? No mention that Bitcoin is $60000 for digits in LaLa Land?? Is the title of this podcast supposed to be a joke??😂
Tune in to find out!!! 😄
1/10th oz gold has a place in your stack. I dont have many coin shops around me. 1oz gold is harder to liquidate on the secondary market, 1/10th oz sell at the snap of my fingers. I also get most, sometimes all of my premium back.
It’s about what is easier to sell in easy times and in hard times. In easy times buy 1 once. In hard times buy 1/4th and 1/10. When times that were easy are getting hard sell the 1 ounces and buy the fractionals.
Or just break the larger ones by using UPMA to exchange for smaller denominations. Maybe find a coin shop or other establishment that does that. Do it vice versa. The point is that your gold only matters if it’s as liquid as possible.
Gold going up $600.00 in one year is very telling.
Yeah, things escalated quickly!
@@2is1gold Indeed so, which should be telling us all that the US$ is deteriorating very quickly. Any spare money that we
have should be converted into gold to protect it from this deterioration. Our future prosperity may well depend on this.
Am I the only one that’s twitching at the fact that the gold wallet for the 1/10 ounce size coin from Summit metals only holds eight instead of ten?
That surprised me too - "Thank you, Summit Metals! NEXT, PLEASE!!" 🙂
I still enjoy hunting all four sizes of AGE’s..as you’ve mentioned previously I’ve also eliminated unnecessary expenses. For me “boring” is a preservation of wealth
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Imagine the past 20 generations in your family tree stacked gold and kept passing it along. In the long run the current price doesnt matter, what matters is keep consistently stacking and passing it along to the next generation. Generational wealth is born.
If the rate Cuts will go slower and longer, i could imagine stocks and also gold will dip
i can stomach a 1oz under 2000. I'm staring at my screen for 2 hours deciding if I really should hit the button above that.
Yeah, those high prices will slow you down. 2k was a psychological hurdle for me too.
I would rather have expensive gold than no gold. I look at it like I look at gas….. I just don’t look. I could walk I could not save. Or I can drive and save ?
Hey Viper - keep your finger off that button. Look at it like this: one more 1oz will not change a thing in your life. You will not live longer, you will not be smarter than the next guy! Wait till it feels right. All the best to you!
Your outro music is fantastic on this one. The rest of the video was excellent also.
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We had a cancer scare in our family this year thats really focussed my mind. We have restrictured our finances on ensuring security for our young boy. I have looked at what i spent monthly and trough a minimal shift in lifestyle im now able buy a 10th a month for a rainy day fund, im half way throught filling my first tube. I dont forsee ever needing to cash it in, but when the time comes i hope the fractionals will pay off ss they will still be affordable. If i was to save up for an oz the money would of been spent on something else by then.
Hope you’re well on the other side of the scare.
Dear Alex - all the best for your young boy!!!!! God bless!!!!!
@@2is1gold thankfully due to a really early diagnosis we are all well and clear or cancer. The whole experience focus's the mind! thanks for your videos they are very interesting 😁
Another great video! Do still work with SD bullion ?
I don’t. They were great, though. I appreciate them.
If I'm buying fractions I'm definitely going to be looking for the better buy as far as premiums but you should be still buying on any small dip at the same time so pick your spot and wait for a dip
I’ve been saying for about a year that Fractional gold, not full ounce gold, is the future of stacking and it’s happening. HAHA to everyone who said I didn’t know what I was talking about!
I wish I would have just bitten the bullet all those years I was stacking silver and got gold instead. I have thousands of oz of silver, and it's not really worth all that much.
I remember when gold was $500 and was considered too expensive. Currently prefer 1/4 oz gold. If gold keeps rising the fractional should be more liquid. Goes up and beat the spread and be happy, drops and be happier to lower your overall average.
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Sounds a lot like a win-win! I used that same technique when building my stock portfolio. When stocks would go up, I was happy because my wealth was increasing. When stocks
went down, I was happy because that allowed me to add to my holdings at a lower price. I made the most money when the economy was coming out of recession, so usually see
them as PAY-DAY! lol That's also when I tend to increase my charitable giving because I know that a lot of people can't participate in those gains and are in need.
Whenever anyone asks _should I buy now or wait_ to get a better deal I usually say about the same thing. My first ounce of gold was purchased at $1234 and I still have it. I never worry about _how much I could have saved_ if I waited or not, I'm just thankful I got started at all/when I did.
Great video brother thanks for the info 🥃🥃🥃
Thanks Nate! Cheers! 🥃
Full gold sovereigns all day long, perfect😊😊😊😊
I will never buy a fractional of 1 oz gold coin. Just like you pointed out it's better to save up. I buy 4 oz of gold every 5-6 mounts. Thats how i do it. I started to load up on silver the first years. I bought at 22$ but now i have no interest in buying silver unless it drops down again to 20-22$ than i pick up a monsterbox every now and then. I expext a pullback in the market so right now i not buy anything.
Gold being too expensive is the old, tenacious lie spread by salty silver stackers.
😅
It is not a lie right now. When something is at an all time high, proceed with caution
@@NazarioFitness Agreed. In general, prices tend to "normalize" after an all time high is reached. But the question here is, "Will gold be an exception to this?".
It might be but then again, it might not be. I always try to hedge my bets when buying financial assets, including stocks and PMs. My last gold buys were in
Sept. and Oct. of 2023, when gold was in the $1820-$1850 range. I bought 3 ounces during each of those months but haven't bought since then. I do buy
fractional gold coins from time to time to keep a hand in the game and also for their flexibility in selling. Suppose, for example, that gold did go to $10k per
oz. Having some 1/4 and 1/2 oz. coins to sell could allow me to sell only enough to meet my needs at the time and not subject more of my wealth to the
ravages of high inflation. From what I am seeing here in the US, there is zero political will to rein in spending, so the politicians of all stripes will ride this
spending horse until it dies, resulting in an uncontrolled horrific economic and financial collapse. THAT will be the time when gold and silver shine most
brightly, IMO.
To many people have no idea about gold and hedging the dollar.. On a side note, I wonder sometimes if the people in charge would demonize and blame gold holders for any financial crisis in the future.
Probably. In psychology, this is called "transference", as in these people are angry at themselves for not preparing for hard times as others have done and rather than beat themselves
up about it, transfer that anger to someone else. This is the root cause of a lot of the so-called "anti-hoarding" laws. IMO, buying PMs well before any crisis comes is NOT hoarding, it
is hedging. Buying up a lot of resources needed by others during a crisis and selling them for multiples of their cost IS hoarding. Unfortunately, few in need will bother to distinguish
one from the other. They look no further than "He has what I need, so he's bad and I'm good", blah blah blah. Some can always justify the use of government power to steal from
others. 😕
Hey John - "will gold holders be blamed for any financial crisis in the future?". Interesting question, since excessive private gold holdings was what worsened the Great Depression. People had hoarded gold to the amount of 1/3 of the economy. All day to day business almost came to a halt. Most Americans - and true patriots they were - followed the call and duly handed in some or all of their gold bullion for cash - a move which led to lifting off the Depression.
I want to start off by telling you how much I appreciate your content! Truly some of the best in the gold arena. I’m skeptical when I see offers and deals like this. Can you provide any detail on how this new company can offer such low premiums and your relationship with them? Thanks in advance
If the geopolitical situation cools down, the strong quantitative easing measures don‘t cause a stronger inflation, the prospect of a recession turns out false then yes Gold will go back a little. I don‘t see that happening though so essentially I just fear a further upwind for the price..
Gold is King.
Silver is the Crown Prince.
Fractionals were my go-to from 99-2002.
With today's prices, full oz makes more sense to me.
Thank you for sharing.
Over the last year, I have found half a dozen good purchases of fractional, so that checks out
I dont know how it is in america but in Europe historic coins like the franc and lire are fractionals with pretty low premiums all things considered
You can buy 20 Austrian Kronen which are roughly 1/5 of an ounce for an incredible low premium from most coin vendors and they are my go to for buying at the end of the month
Yep. It depends on individual capabilities and goals. Fractional will stack up just as well. A drippy faucet will still fill up a bathtub.
Just bought my first gold eagle 2020. I try to check my bullion and I found an inconsistency and was wondering if any one could answer for me. My 99.99 coins move down a rare earth agnet slowly. The eagle passed weight, dimension and ping test, but went right down the rare earth magnet ramp w/o hesitation is this normal since it is not 24K or is this likely a fake? 2 is 1 seems to be the expert on eagle so I figured this would be a goold place to check. Thank you in advance for any advice.
I cam remember back a year or 2 buying .1 ox for $180 & before that under $150. I have atube of foreign and a tube of AGE. With today's premium, they are worth considerably more.
I’m still buying gold just not as often as I was. Takes longer to save for it. But still buying it. As I see it as an investment. Makes me feel secure. As dollar we know is going down down down
1/10 AGE in my area can be had for 9-11%.
The case for 1/10 is becoming better each time gold spot goes up.
Stupid comment but how do I get that 1/10 holder? Got a link?
➡️ summitmetals.com/collections/accessories/products/1-10th-gold-wallet
I am buying this week so the price will come down soon lol..its my luck..but I must say I do not own any gold that is NOT in the Black including premis..
Ha!
Also this is just an ad lmao.
Nah. If you get a deal on some gold, it benefits you, not me.
The answer is no…I have made a video on my channel Altlantic stacker, regarding price of gold, comparing premium of a rooster in France in the 80’s…. Premium was 80% above spot..
I find it funny when people stress me over premiums on fractional gold when they don’t see a problem with paying $4 over spot for generic rounds.
Today I started watching a lot of your videos and seriously looking into getting gold. What are the chances gold comes down in cost? Do you think it will again or does it just go up?
Took the grandkids to the Smithsonian's Museum of Natural History this morning...the gold display was impressive; the silver display was much smaller and looked like an afterthought. Walked away feeling validated! 😄
Yeah, cool display!
Gold is still dirt cheap...the dollar is being devalued at an alarming rate
Actually, it is the US$ that is becoming "dirt cheap" and gold simply isn't going along for that ride!
Up here in Canada, you can grab 1/10 ounces for a ~15% premium. That's not bad if you can't afford the larger coins.
Not bad at all.
I've stopped buying gold buffalos and switched to half oz GE. Fits my budget. Fingers crossed that spot will drop so I can get back to the buffs.
I'm always interested in 1/2oz, but never jump in. It's a good price point.
@@2is1gold So, just HOW interested are you? lol I have several 1/2 oz. gold coins and twice that many
1/4 oz. gold coins. I limit my stacking to Maples, AGEs, and Britannias to help keep things simpler.
Was buying 1Oz AGE or Buffalo monthly sub 2k when 2k hit i switched to 1/2 AGE monthly.
you can buy 1/10th ounce canada gold for 276 with 5% cash back (262 net and 3.8% over spot) vs Summit at 291. No its not an Eagle. No it shouldn't matter.
Eagles are always more expensive.
@@2is1gold indeed they are. gold is gold
Stack the lowest premium option until you grow your wealth enough, then convert some of those products to lower denominational products when the time is right
I saw a site last month offering 1/10th oz maples at Spot! Many other sites are offering various 1/10th oz at $15 over Spot. Seems pretty reasonable!
Thank you for the great content.
Have a good weekend!
Gold fractional premiums: indeed, and not only that, but I have never gotten back premiums when I sold fractional back to major bullion dealers - i.e. they gave me the same spot price as 1 ounces.
Yeah, we’ll cover that part soon. Cheers!
3k before year end
For better or worse(current price) I purchased 1….or 2 gold maples from SD Bullion last week. 😅
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I save for gold by buying gold backs. Their value moves with gold. I live in Utah so they are immediately available to me. I simply acquire enough until it equals an ounce. It works for me and I thought I’d share it.
Do you have local shops who take Goldbacks for (payment for) bullion?
Yes. I live in Utah. My LCS deals in Goldbacks. Not only that, the manufacturer of Goldbacks is located in the town next to mine. I have the benefit of arbitrage here. The manufacturer sells Goldbacks for 5% less than other dealers. I buy from them and trade them at local dealers. I haven’t had any trouble with Goldbacks.
I prefer the "old world" European coins to fractional Eagles. I can get them at melt+ vs. paying high premiums for the US coins. 20 Francs, Ducats, British Sovereigns, etc typically are sold for melt plus $5. Not as recognizable as Eagles but are made of gold just the same. Way easier to get more gold for the buck.
Hey man I want your opinion on cast bars. I don’t think I’ve ever seen them in your videos. I noticed that they are closer to spot. I’m hoping you have more information on them.
Thanks for the line on 1/10 oz!
✊
I always appreciate your insight on gold. I am curious though, do you hold any platinum? And what are your thoughts on this metal?
I don’t buy platinum bullion. It doesn’t have the same liquidity as gold and silver.
I've been focused on fractional as well. For me part of that has to do with the fact that I like having fractional as well as the current price. It just gives you more options including where you can sell.
As a side note if people think $2500 gold sounds expensive I wonder how they'll feel about $3000 gold. I believe that's coming within the next couple of years
I do too.
I'm thinking that they will feel *exactly* the same about $3,000 gold as they did about $2500 gold and $2,000 gold. But, when one looks closely at gold prices,
is this not the very behavior that we all expected to happen? Did we not all buy gold with this scenario in mind? I think that we did, so why complain about it?
Just buy what you can comfortably afford and move on with your life.
It wouldn't hurt anybody to have one or two tubes of 10 oz coins. Maybe you're still getting quarter Oz but you could add a 10th of an ounce and get
.35 Oz instead of spending your extra cash on Silver or something
I don't like the higher costs but I am still going to buy it but a 1/4 oz a time. I bought a 1/4 oz AGE a couple weeks ago from BGASC. The premium was low at only $20.
I wish I could say - but I just don't know if it's too expensive....I just know I don't like to buy things that many are buying vs. when people aren't buying....I've decided to buy gold in the form of jewelry or watches (at the gold value based on weight and current spot)- as it's more interesting for me and it's still gold....
Look how the price of gold has been going up. Sometimes saving up for 1 full oz is pointless. We we gold make close to 100 dollar jump in a few days with very little pull back. If you wait till you can buy a full oz you probably just spent the premium by waiting if you would have just been buying fractional coins
We look at the price on the websites. Oh, that's a good price. Then, the debit card price. Darn! Unless you do a check wire, etc. If you got to use a debit card. You may as well go to your lcs.
They have a lower cc charge than most. If you have a local shop that beats the cc price, go! My local shops are considerably higher.
@@2is1goldPay cash a the LCS. Stop by your local bank or ATM.
@2is1gold ATM's are a great place to go to before going to LCS.
The best price I’ve seen on 1/10 good eagles is from Bullion Exchanges. Right now they’re at $282.88 - which beats Summit’s flash sale price by nearly $10.
And of you’re willing to “roll the dice” for a random sovereign mint 1/10 secondary market coin, Monument Metal has them for $263.64.
Other sov fractional is typically a lot lower than AGEs. Recently, though, it's gotten a lot tighter. Cheers!
@@2is1gold I’ve received some nice sovereigns in the past doing a “random” coin purchase. Even picked up a slabbed 1/2 American “First Spouse Series” coin awhile back.
Love your channel and your calm, logical approach.
@@markh1324 "Love your channel and your calm, logical approach."
Agreed. This IS the adult gold channel on RUclips, IMO. Silver is mentioned from time to time but is not emphasized.
Do not forget, price go up over a year. So actually 1/4 may even be better in a long run. I got in to metals just this summer and it is already a case for me
Definitely a factor while gold is on a run. Cheers!
@@2is1gold Even if there is a downfall, price difference between coins may be considered a somewhat "hedge"
Are the coins in the case at 02:55 gold coins? If so, are they 1/4 oz or 1/10 oz? Just curious. They would seem to be 1/4 oz because that would allow space for 2 oz of gold in the case.
I guessed I missed it as Summit's prices were rather meh. I've been doing significantly better elsewhere. I agree with you that there's a psychological component to a partially filled container. There's a natural urge to fill that sucker.
Buy 1/10 oz! 1/4 oz
The flash sales on fractional are a great idea----especially with a full ounce being a tough pill to swallow for most. Also selling them down the road would be easier from
several viewpoints-----privacy, tax limits etc., especially if gold ever does go to 10,000.
The premiums are ridiculous for fractional, 12% for a 10th 0z ge, looking to buy something else. The national average wage/ pay increase has not matched the price of gold increase. Essentially we're buying at the top with possibly a gold crash looming soon.
Yes it dang sure has! 🤯
And when you started your channel I was like man I’d love to reach his gold level
Now I’m like dang I shoulda just went all Gold like him 😂
People dont like silver more than gold, its just always been cheaper than gold.
I'd say that's fair. Tenth oz gold at a good premium might change some of that.
Im trying to sell my two krugerrand 1oz proof coins, is there a way to do it without getting ripped off because some of these dealers are ruthless.
I'm in South Africa.
The whole crypto, NFT, AI etc bubbles popping, housing becoming too expensive as an investment in the first world, wars and conflicts, all of it is what will drive more people back to gold, so I wouldn't worry about the current price as it could be much higher easily
BUY fractional bars or 1/4oz rounds. The premium of 5 or 10gram bars and 1/4oz rounds are basically the as purchasing a 1oz gold coin/bar. I’ve been buying 5 ounces r 10 gram bars each month a year. Buy what your finances allow you buy
My advice is you never count your money when your sitting at the table.
Agreed. There'll be time enough for counting when the dealing’s done.
Hi, I live in the Middle East, In my area gold dealers sell gold in any way you want. they say the 5-gram gold coins in 21 carats are the best investment cuz it is very liquid and has cheaper labor costs. But if you want to go abroad 22 carats is better.
should I listen to them?
It's about to get more expensive. It's all relative. When you buy gold you are not spending, you are converting to REAL $$
Opportunity cost down …. Value going up. Roger major Tom
Are British sovreigns used in the USA? They tend to be used in the UK and middle east, some with relatively low mark up. The older ones used to be used as legal tender (equivalent to a pound) in the UK
_Quick question! If gold becomes the standard again, especially at this price per ounce what would that say about the gold coins that has a printed face value of only $50? Would that have been a waste of money to such an investment?_
A 1 Oz coin is worth melt +@1% from a good dealer better in private sale. Face value means nothing.
If you think it's a hard pill to swallow to buy a 1oz .then on the flip side it might be that hard to sell to someone. That's why I have a variety 😊
True cost is spot plus premium plus Postage with insurance and maybe a convenience fee in case carrying that much cash is not a good idea. Just a ramble , Cheers.
If there was more willingness held by the market to trade others goods, and services for gold. In place of cash as a means of settlement. This would certainly drive more demand for fractional gold coins. If the prices determined by the weight of gold for goods/services held constant, then reasons to buy fractional would be more evident by everyone.
Low premium fractionals all day long. I found a dude on CL selling 1/2 grams in assay for $40 ea a few months back and I took 'em all. Love big gold too (up to an ounce, those 100g are hard to move) but small stuff is more liquid IMO cuz... well you don't hunt a squirrel with a 30-06. ;-)
Here’s to new partnerships and collaborations.🥃
Cheers! 🥃