Is Fractional Gold Bullion Overpriced?
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- Опубликовано: 2 июл 2020
- In this video I talk about fractional gold bullion and if it is overpriced or not. Fractional gold is any piece of gold that is smaller than an ounce. If you are investing in gold then you need to be purchasing it at the lowest premium possible. Fractional gold typically has higher premiums compared to buying an ounce of gold. Fractional gold stacking is very popular because of the lower price point. In this video I mention that I prefer fractional gold coins over fractional gold bars, but that is mostly personal preference. The biggest part of my fractional gold collection is my fractional gold eagles. I have 4 fractional gold eagles and I hope to be picking up more in the near future! In my opinion the best fractional gold coins to buy are the ones with the lowest premiums. If you have no gold at all then perhaps something like a 1/10 ounce gold coin might be right for you, but I would not buy a lot of them because of the premiums. It was interesting that in making the video I discovered that currently the gold sovereign coin had the lowest premium. I will be fractional gold stacking as much as I can if I can keep finding good deals and I hope to be increasing my fractional gold collection by a few more gold coins in the coming months.
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Topics I cover in this video: fractional gold, fractional gold stacking, fractional gold coins, fractional gold bars, fractional gold collection, fractional gold eagles, fractional gold bullion, best fractional gold to buy, best fractional gold coins to buy, fractional gold coin, gold coins, gold investing, investing in gold, buying gold, best gold to buy, buying fractional gold, investing in fractional gold
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I have a small budget for precious metals. Would take 9 - 10 months to save for a full ounce. So I look for the best price I can find on fractionals. I have just reached my first 1 ounce total of gold. Now that I have some gold, I may save to purchase the larger denominations. I was eager to reach that first one ounce to add to my silver stack. Some gold better than no gold. Good video Mr. Dragons.
some gold is way better for sure! congrats on that first ounce!!! 🔥🐉
When I started buying 1/10oz eagles, they were $60 each. Ppl were telling me the premium was too high - lol
Wow! This one example should pretty much end the debate then....
The premium on fractional gold drives me away, but the affordability draws me back in. It's hard for me to save $500+ without buying something before I can accumulate it. I just got my first gold ever - a 1/10oz Kook (featured in my latest vid), and was surprised at how small it was in person. But, it did help me "break the ice", and think about getting more. I'll probably end up with more 1/10, and even some 2.5 gram PAMPS, etc., but will try to go with 1/4 when I can. Those coins like the francs are attractive! This video was very helpful. Thanks!
yeah I almost got one of those 😂 nice first purchase! 🔥🐉
Thanks! I needed that. I'm going to buy a bunch of gold tomorrow, and I wasn't sure which way to go, but now I am!!
gold is gold whether full or fractional except for the premium go with whatever you can afford just keep stacking
yes stack on my friend!!! 🔥🐉
ASE's premiums are super crazy! I've been upping my Gold fracks. Great info!
yeah the ASE are crazy right now! 🔥🐉
I love the Sovereigns, just grabbed one of those on sale at < 3% premium. Great video!
They're incredible.
American Eagle is the best followed by the libertad
@@rays3995 yeah they're dope
that is awesome nice snag! 🔥🐉
I have seen half sovereigns for 150 pound. That is under spot. Some jewllers buy the coins in and price them up but do not raise the price as the price goes higher. So if you can find these shops you will find a bargain. Online the halfs are selling for 190 plus pounds.
I like fractional gold simple because it’s easier to sell in small amounts. I also am stacking for the long term so I know I’ll make my money back and then some! Thanks for the share SD!
in the long term you are better off for sure! thanks for watching!!! 👍🏽🔥🐉
Glad the frac isn't a rip of. Was going to buy an oz but leaning towards the 25x1gram maplegram card 👍 great premium comparison 👍
those cards are super cool! 🔥🐉
Excellent analysis- Thanks 👍
you are welcome and thanks for watching my friend!!! 🔥🐉
Another HIT video right here. Nicely done 👍👊💥🔥🐉
thanks so much ripples! 😁🔥🐉
Fractional gold now your talking my language. Super poor still want gold 1/10 is my only friend. Love the video
yeah 1/10 ounce is better than nothing! 😁🔥🐉
That Welsh Dragon coin is gorgeous!
Curtis Davies anything welsh is gorgeous, just saying. 🏴
I'll fart in your clothes hamper
An excellent vid. I have lots of AGE 1/10 ozers. And most of my gold is in the 1/10 oz category.
In the 1/4ish weight) I do have a few British sovereigns. But have toyed with buying the Rooster too. Looks like I may just start saving more to buy the AGE 1/4 ozers
In a gold bull market the US Mint makes full ounce AGEs the most ... and 1/10 the second most.
I watched and learned that originally from the breakdown video on your channel. You provided all the numbers and ton of research info.
which makes the 1/2 and the 1/4 the most desirable to me 😏🔥🐉
It feels like it is!! The premiums on some of these are insane these days, especially the smaller you go. But some of us would spend a really long time saving to get an ounce, so fractional it is!
yeah I agree 100% 👍🏽🔥🐉
Yes, it's overpriced. It does serve a purpose. Obviously, it doesn't kill the wallet. It's better to buy full ounce coins, bars if you can afford it.
Getting 20 gram bars for what an ounce cost last year
yeah 1 ounce is almost always the lowest premium 🔥🐉
Great topic to comment about bro thanks for your insight
thanks for watching my friend! 🔥🐉
GREAT VIDEO LOVE THE ROOSTERS SWEET GOLD COINMAS
thanks I love the roosters as well! 🔥🐉
Thank You Thank You Thank you for using %%%PERCENTAGE%%% as a measurement as an Accountant it makes my heart smile... lol..
you are welcome! it makes it way easier to understand I think 😏🔥🐉
1/4 ounce seems the best way to go if you don't have funds for the one ounce. Two pecos may be a way to go also.Thanks for sharing.
both great options for sure!!! 🔥🐉
Pesos
That's how I went, golden eagle and maple leaf.
I was trying to figure out what I should do when buying gold. Can’t really buy a full oz right now but still want to get something. I’m leaning towards the 1/4 oz of the AGR.
@@Fracc - You may consider some silver too. It is less expensive and right now it has some potential.
I love your golden rooster! Any idea where I might find one from a reputable seller? I have heard stories of places online selling fakes, so I’m pretty concerned.
PS this is so Great!!!!!!!!!!!! if i had a channel and had followers I would do this subject.. If I may add one of the guys I follow uses a white board or chalk board to display these types of things ..it helps add to the presentation.. Great Job SD!!!!
that is a great idea with the chalk board 👍🏽 thanks for watching my friend!!! 🔥🐉
@@SilverDragons47 it was my pleasure... Keep up the good work!!!!!
The Mexican coin you showed is a 2.5 Peso coin. Just a hair over the 2 Peso coin. But I love the off weight Gold coins! I agree 100% there.
thanks for the correction! 🔥🐉
I’ve stayed at 1/10 and 1/4 TOz as I’ve moved from silver more to gold. The point you make about premiums is valid but I think it’s over stretched. The point of concern is liquidity. 1/10 TOz sell super fast and retain the premium. The 1TOz is tied more to spot and is more difficult to shift in a hurry. Contrasting my, off-weight coins are definitely tied to spot and I feel are less liquid. I think the best advice I’ve heard came from IS who said buy what’s on offer and don’t collect!
yeah but the cheap stuff for sure! collecting always costs more 😂🔥🐉
Simply put most most people don't have $1,800 just laying around for an oz of gold. Even $200+ for many people for a 1/10 oz can be a struggle. Sorry but that's just the way it is.
once you start saving it becomes much easier to save 🔥🐉
So save up first?
@@SilverDragons47 But not EVERYONE what's to buy gold, most (95 % +) average Americas have cash. I talk to hundreds of people, very few may 5 have gold.
This is why I view silver dragons as an elitist. He obviously grew up having everything and had lots of privilege to get to where he is now. Come back down to planet earth sometime and join the rest of us your excellency
@@hardy5544 maybe he just made smart decisions and wants to help others do the same. You never know where someone came from. Quit bashing on successful people to make yourself feel better
The US eagles have the same amount of actual gold as the maples i think. They add copper and silver on top of the gold weight for extra strength/scratch resistance. So you are getting a bit of silver and copper too :)
No you are absolutely correct. The Buffalo is 24k and is one ounce.
As you stated was correct. The problem with the Buffalo requires a lot more maintenance than other gold coins because it is made out of pure gold. You can’t just keep pulling it out and unless you have a “no movement “ coin holder ( meaning no side to side and no up or down movement) because if you have an even small amount of movement you will get damage to the coin, in dings and possibly even scratches.
I was resisting fractionals for a while and would only get the 1 oz coins for a while but I decided since the beerflu to grab some fractionals once in a while and not worry too much about the premiums when I can find the decent deals, which can definitely be found. Still only have a tiny bit of gold but will be collecting more soon. I like having a diversity of sizes of silver so I figured some fractionals of gold ain't a bad idea either. I will probably stick to mostly whole ozs mostly unless I get the good sales. Some places where selling 1/10 ozs at spot last year, I think they were promotional 1 time only deals; not sure if anywhere is still doing that..
yeah if you find good deals on fractionals buy them for sure!!! 🔥🐉
While you mentioned it in passing, I think that this subject would be an excellent opportunity to discuss the 1 gram bar. I am extremely interested in price per gram, how many grams can you buy at a time and finally what the premium would be for each gram. Thank you in advance for your help.
I think fractional gold has its place in everyone's stack. It does things that full ounces can't do. That said, I'm aiming to have both in my stack. Boy, do I love the heft of a full eagle, but they take a lot of saving for this boy before I can afford one! At least I'm officially on the train now.🔥🔥🔥
Amen , well said
Love the Vreneli
Lcs is the way to go if you can. A few days ago I picked up a beautiful 1904 Sovereign at melt. He also offered me a very lightly circulated 1929 $5 Indian at melt, but I only had enough cash on hand for the Sovereign and some silver.
wow what a great deal!!! 🔥🐉
Part of the problem of course is the price moves so much. So if today I feel Ok to buy a half, and I am 100% convinced the price is going higher then I will buy today thinking the savings on waiting for an ounce is the lesser of 2 evils
yeah buy when you can for sure! 🔥🐉
Just really starting to get into Gold. Have to hit fractional. To wet my whistle. 😁🇺🇸
lol get it! 🔥🐉
You got a great deal on the sovereign.....they cost more than that in England where they're made !!
thanks and wow that is crazy! 🔥🐉
I agree the premium on fractional gold is high. But it is more costly to not buy any gold.
Any day if the week I can buy 1/10 eagle, 1 gram gold bar , but I usually don’t have an extra $2000 usd to buy a full oz at a time.
yeah some gold is always better then no gold!!! 🔥🐉
QUESTIONS - I’m new to this so I’m sorry if this is a dumb question, but WHY do they charge more to make a smaller coin? I don’t understand. Also, what are all the costs included in the word “premium”? Is it just the cost of manufacturing each coin? Last, I’m confused about the difference between “rounds” and “bullion”?
It appears that the word “bullion” refers to the non-collectible coins that don’t have a date printed on them? And are “rounds” just another word that means “bullion”?
My plan is to stack 20 oz of silver then get 1/4 oz of gold. Just do that over and over. I'm at 13 oz of silver now.....thoughts on the plan? Awesome vids always!
How goes it?
Edfiki86 ?
@Chris Mazzucca Did you stack 20oz silver and 1/4 of Gold? That is a decent goal.
How did it go?
Edfiki86 never got any gold, decided to stick with silver. To me it is and was the right choice.
I do the same but keep 1/4 gold for ever 40 oz.
Noticed you can find good deals on 1.5 oz silver coins. Enjoy stacking! Gold should go up
Looks like 2021 pre-order are cheaper than 2020. Does it make sense to pre-order the 2021 to get a better premium?
I did the math for like 4 hours last night and the best deal for fractional Gold are the 10 gram bars, the premium is low, BUT when in a crisis; who knows what will be easiest to barter off? … if I was guessing; I’d say the francs, the 1/4 oz coins or even the 90% 2 pesos coins
I personally don’t like purchasing gold coins under 1/2 ounce anymore. The 1/4 ounce coins are really small compared to your 1 ounce coins.
true but the queens beast only comes in 1 ounce and 1/4 ounce 🔥🐉
Can you make a video review on your thoughts of OneGold and buying digital precious metals?
I am not a fan. I probably will not promote that but thanks for the idea! i’ll think about it 🔥🐉
Usually I just purchase silver since I can afford ounces with ease. Though I did get my feet wet with 1867 10 Franc, old as Canada itself. Decent price on the 10 Franc as well. Though if you have the money get the 20 Franc.
Ducats, Guilders, Marks & Roubles are all decent options as well for the right price.
@M M Cool B Yuppers! Even Peruvian Libras. My other half is obsessed with Alpacas not so much gold. Fortunately I found the Gold coin for her. An alpaca on a golden coat of arms on the 1/5th Libra!
yes I really like the 20 franc coins for sure! 🔥🐉
Hi SilverDragons I have eleven 1 gram sunshine mint gold bars and one 5 gram sunshine mint gold bar, I like the security feature they all have and they are in their original assay packages, and they are .9999 fine gold. I got a good deal on them all that’s why I bought them. Thoughts on these Sunshine Mint fractional gold bars? yeah fractional gold can be pricy, but I wanted to add some gold to my silver stack. What do you think? Thanks SD
Joe Flemming Buy what you can comfortably afford. The fact that you are buying is massive. Most people live in the dark. They dont see the worsening events that are about to befall us much less the age old gold, silver that's available as a buffer to help protect us. You are already multiples of steps ahead of most of the population. When the dollar fails soon, peoples live will crumble. Banks are going to fail very soon. When they do, it will be in the blink of an eye. Like salvation in Jesus. Get prepared now. No second chances. Good luck!
as long as the premium isn’t that bad I say go for it! 👍🏽🔥🐉
Short answer YES!
If I want to buy wealth in metals but dont have enough to buy a full ounce I'm just gonna stick to silver. I bought a few 1 oz gold coins in the recent past just to have some, it's good to diversify so get SOME gold if you have none. But if you have enough dont get ripped off. I'm stacking silver till that GS ratio closes in more. I'm thinking when our economy goes back to normal gold prices might fall some, so I'm saving some cash for that.
But the British coins are a really great suggestion imo. I'm stacking Britannias for now because American eagles are just outrageous. Also Britannias actually look the best imo from all the coins I have, Maple leaves are a close second tho.
I do think that silver is still a better buy overall right now if you can find good deals 👍🏽🔥🐉
I was able to pick up 10 Gold Eagles, one tenth ounce under spot. It was a "lost leader" offer to get you into their program to buy over priced slabbed coins in the future. Didn't work for them but did for me. Premiums are a issue with me. I guess I am just to cheep. I do like fractional's due to the shorter time period saving up to buy larger sizes.
always gotta snag those deals!!! 🔥🐉
Hey man your not cheap, just smart! I had a gold dealer that tried to sell me all of my $600,000 in purchase in fractional quarter ounce coins at $666 each that were Australian coins with no numismatic value over anything but bullion. I had told him that I had no education in gold so he tried to convince me that 1/4 ounce have a higher resale value. I told him that I wanted to buy only one ounce coins and he spent an extra hour begging me to by them, asking Don’t you trust me? And he tried to lie that I don’t have to pay taxes when reselling them because they were not reportable to the IRS. The price for these little coins was going to cost me $2664 per ounce!!! The spot price of gold this day was around $1930. I ended up buying one ounce Maple leaves for $2060 per ounce at a total of 292 oz. of gold. If I had bought the fractional the quarter ounce gold coins it would only given me 225 ounces of gold for the same $600,0000 giving up the equivalent of 67 ounces of gold for himself!!! $130,650. He was trying to legally rob me! Thank GOD I was smart enough not to allow him to get away from robbing me! After doing the math I now know why he sounding like he was crying on the phone saying I have been doing this for so many years and. You don’t believe in my experience? I asked him to explain to me why the fractional gold coins were a better deal and all he could say is the go up higher in value faster historically. He thought he could get me to believe his bs and I kept telling him that I could not understand his logic. He was so dam upset, he probably have bought a new car, paid off his house and taken a cruise around the world for the gold combination of gold coins he was trying to get away with. Thank god I am smart and CHEAP as you call it. I don’t want to make someone else rich on my hard earned money!!!
Second hand sovereigns is where it’s at for me. 7% premium which isn’t too bad considering I buy half sovs
If I already started a tube of 1/4 oz then should I finish that tube or go right to 1 oz if I can afford it?
If you have a good LCS, you should be able to get gold, no matter the size close to spot price. I have purchase a lot of gold at spot price for the tiny ones (1/25th, 1/20th, etc). You need to establish a good relation with your LCS and you will be amazed at the deals you can find. Bullion dealers will always sell at a much higher price.
yeah becoming friends with the LCS is a great idea! 🔥🐉
I have a good LCS and you CAN get great deals!!!
I just started buying metal, like maybe a month and a half, and have had good conversations with the LCS guys as they teach me some stuff. And I have been getting ASE for $2 over spot and small fractional gold at spot.
👍⚪👍 fractional is good to getting some in your stack easier to sell smaller piece if needed in a pinch🎇💥✳️🔥🎆
oh yeah never wanna sell more than you need to! 🔥🐉
I've found $100 bills to be useful when traveling, but I have a feeling that will change soon. Obviously bribes don't work the way they do in the movies, there is literally nothing stopping the bad guy from just taking the money and still doing what they planned, or if a cop, hitting you with a fresh set of charges for bribery. On the other hand it isn't like everybody in a poor country is trying to sell you to kidnappers either. Sometimes people get that you're lost and want to help you, but also are on the fence about trying to help you, bc they don't know what kind of trouble you might get them involved in, and conscience is easy to suppress if they think there's risk involved; A gram of gold is a large pro to a random civilian in a 3rd world country, but also doesn't scream "rich;" Though I still recommend the backseat. In most places US currency is defacto accepted, but in some places the locals avoid it like the plague bc it can get them killed if they're caught with it. Combine learning to not look American (it isn't hard if you're attentive) with very small pieces of metal that are worth something, and you have a last ditch "please take me to my hotel" bargaining chip even if your cell phone and wallet have been taken in a mugging or pick pocketing. I'm fairly racially ambiguous, quick to pick up accents, decent with languages, and pay close attention to local fashion and body language down to the expressions people wear, so I've been able to blend into alot of places, but YMMV. That's the only point I see in high premium over spot fractional size gold. Jewelry is way easier to get though customs without questions, but it's very difficult to appraise on the spot so it's less useful for this purpose.
Helviticas for me. Otherwise 4 ducats all the way. They're 23.5 karats and 3 fit perfectly in a ASE airtite. 9 ducats to an ounce, so easy to keep track of if you buy smaller fractions and fill 3 ASE containers and you have 4 ounces
great options for sure!!! 🔥🐉
I do like my pre33 and European fractional gold.
oh yeah especially at spot!!! 🔥🐉
Fractional coins are just easier on the wallet plus flexible if you need some quick cash but don’t need to sell a whole oz worth
Look at the Gold Standard coin from the royal mint. 1/4 ounce and stunning
the royal mint does have great products! 🔥🐉
In May of 2022, the Gold Eagle has the highest premium of all the bullion coins. I checked SD Bullion today for a quarter ounce gold eagle and the premium was 31%. The same size Britannia and Philharmonic was only 8.5%.
Buying fractional I have amassed closed to 3 ounces of gold in the last yr. So it takes me roughly 4 months (while also heavy on buying silver) to accrue an ounce of gold. I need to buy it as I can afford it because one ounce 3 times a yr takes a lot of time.
Congratulations on buying 3 ounces of gold in a year! That's very good!
still much better than most!!! 🔥🐉
Anyway,, even if you buy fractional gold with high premium, right now the premium will still be lower than any silver from the same place. Used to be 10 oz silver bars had similar premiums to 1/10th oz gold, but now 10 oz silver bar sells for the same premiums as 1 oz silver ... so no silver is cheap right now.
The european gold is nice...i buy it too.. but yes, look at the total spread... what you can sell it for relative to spot
Look at South African 2 Rands.. very low premiums sometimes
I'm poor as hell so I buy what I can, and I do have a few very small gold coins. I liked the small Mexican gold pesos because the prices seemed good before the virus spread. But fractional coins and especially AGEs are obscenely overpriced now; I don't know who the hell's going to buy those gold eagles when they're sold for so far over spot.
people are buying them... demand is high! 🔥🐉
The Eagle are 22k but still 1 toz of gold, plus the other metal. Some people confuse that and think 4 9’s is move gold.
You know those 1/20 coins are small when I can see the detail of Silver Dragon's fingerprints! : )
Check out universal coin prices for gold... it's usually cheaper than everybody else but they do not have a big giant selection
yes and they will call you to sell you overpriced numismatics 😂🔥🐉
Just watched this while getting a professional enema done!
I bought myself an ounce of one tenth gold, it' was 117 English pounds each,, on 2017 it's now around 170 ,so not a loss And if I need emergency Cash, I'll use those first, sovereigs are excellent. Especially if you are worried about confiscation
they are great to have if you need them!!! 👍🏽🔥🐉
Generally, the "historic" gold coins aren't as recognizable, and they tend to sell better and for more if they are slabbed. Again, the premium on modern minted coins is the price you pay to expand your universe of possible buyers and your ability to transport and hide the coin, if necessary. As I've said in the past, concern over premiums should be attenuated by where you think the actual price will be in the future. If the ultimate price for Gold ends up being $3,208, you're going to want to pay more attention to premiums, especially if you're going to be buying a large number of ounces. However, the prices being discussed as real possibilities for Gold range from $9,000 to $60,000+ per ounce. And those are the reasonable price points that don't expect a genuine hyper-inflation, in which case we might as well say that the ultimate possible price is infinite. In that environment, talk of premiums is entirely superfluous. To my mind, the importance of any premium essentially runs inverse to the price of the coin. If the price ends up high, premiums matter a lot less. If the price ends up super high, then the premiums don't matter much at all. The best thing to do IMHO, is simply buy variety. But I do think that expanding your universe of possible buyers is/will often be worth the premium that you're paying. The last thing you want is be trying to sell your Gold, possibly on the down-low, but you can't find people, easily, who can actually afford it. As confidence flows out of the dollar, it will flow into other things. When that happens, governments will come for that wealth. They likely won't confiscate in a physical sense, but regulation and/or taxation will definitely matter. Smaller increments will be superior for avoiding certain unhelpful regulations or taxes than larger increments will be. Personally, I stick with one-quarter and one-tenth ounce coins, at least until I reach a certain milestone. After that, I'll branch out into other things, probably pre-33 American Gold and pre-48 British Sovereigns, MS-63 or below.
yeah I really wanna get some more pre33... the only stuff I had I traded 🔥🐉
Question. When it comes to selling back gold, do you think purity makes a difference as to the premium you will get back? Such as will a Gold Buffalo will be better to stack rather then Gold Eagle?
I would say no. Both have the same amount of gold in them but the eagle weights more since it has some other metals in it. Also AGE are always popular and very easy to sell.
Yes, you will pay more for a buffalo and get less back.
I would buy whatever is the most liquid and currently that’s the AGE 🤷🏽♂️🔥🐉
@@SilverDragons47 using your logic.. buying the 1 /10th oz AGE is the most liquid. Even though we know your highness looks down on fractional gold🙇♂️
Hi please don’t take this the wrong way but at 2min 52 seconds when you were looking at the liberty side of the American Eagle there were tiny shiny gold flakes on you thumb i hope it’s not plated I would hate for you to get ripped off i hope I’m wrong I hope you don’t mind me mentioning it anyway awesome video thanks it was your finger on your thumb thanks
In my opinion its only overpriced if you're only planning on selling SHTF if youre sell any other time you should be able to get some if not most of that premium back out as long as you sell to a private individual!
that’s the truth! 🔥🐉
I found a smaller fractional coin at a local dealer today, 1/25 ounce for $80! 2002 Gibraltar Cherub Angels .9999 1/25 oz. Gold Royal
that is awesome those small gold coins are fun! 🔥🐉
In 10 months i got 1 oz bufflo and 1 oz eagle . Might go. 5 oz next but one thing for sure i love gold
I love gold dots.
lol the bigger the better 🔥🐉
When you go to sell fractional gold oh, how much of a premium are you going to lose when you decide to sell them back, how much over spot will you pay to buy and how much under spot when you go to sell
I have $28 in eBay Bucks right now... my question is should I use that towards a 1/10 Oz gold coin or should I use it towards silver....
whatever you have less of. 😏🔥🐉
Brazil nut shell? or Pecan nut shell? I need to know. I may try to pour into a Wallnut Shell.
lol walnut 🔥🐉
I do wonder why there would be an instance whereby the coin would sell under spot. Someone will pay the gold value.
you would think that. I guess it depends on where you sell 👍🏽🔥🐉
Khalese would be proud of this collection.
Question! These numbers are not taking into account taxes right? Do all of these coins come with tax or are some exempt or is it just $1500 and over are tax-free?
I do not pay taxes on any purchases in Oregon 🤷🏽♂️ taxes were not added 🔥🐉
Premiums for partials are insane, 2.2k equivalent or more...not for me personally. Good vid though.
yeah you can always get that 24k in fractional 😏🔥🐉
Where’s me gold. Lol I say buy what you can afford and don’t worry about the premiums. Be happy you can afford the fractional. Hey it’s Gold. And it’s all yours. 👍 enjoy it.
I am enjoying it 👍🏽🔥🐉
It might be a rip-off but the BOTTOM LINE is this: you wanna dance, you gotta pay the band, amigo. If u cant afford an ounce at a time, wait to scrape up the extra gravy. Unless u need to liquidate immediately (which means you prawley shouldnt have bought anyway) u probably wont care or remember the premium u paid. Great vid.
yeah if you gotta liquidate immediate you messed up 😂🔥🐉
Silver Dragons 😂
i buy all my gold at auctions and i get graded gold coins at melt to melt plus $20. this includes shipping to my door. auctions are the way to go for the best prices. even 90% silver is cheaper on ebay then buying 90% from the major bullion dealers. p.s. i buy very little gold on ebay but use 10 or so other major coin auctions each month.
Where do I find the auctions? I am concerned about counterfeit coins? Or paying and not getting your gold back? How do you protect yourself?
if you can get it cheap go for it!!! 👍🏽🔥🐉
It probably cost less the $1 per coin to mint. The US Mint needs to make it easier for small investors to buy directly. Their requirements to buy from the mint are ridiculous, designed to allow a few companies to make the markets in these coins.
yeah i’m sure the minting costs are low but there are still shipping and handling costs 🔥🐉
If you had a 1 oz and wanted fractional, could you trade you 1 oz eagle for 10 1/10oz eagles at the coin shop or online bullion dealer or would they charge you for that?
they would charge me like $150 to do it 🤷🏽♂️🔥🐉
Silver Dragons I guess that’s a little cheaper than buying the 10 individually
Silver Dragons: 5/3/2023, I am just starting to buy fractional gold coins. I received a mail advertisement from Prestige Metals Exchange in Silbee, Texas for up to (3) 2023 $5 American Gold Eagles BU one tenth oz. 22 K gold for $249.00 each. With 1 oz. $50 American Gold Eagles selling for $2200 to $2300 or more, this sounds like a good deal.
However, I've never heard of this company. Do you know if this is a company you can trust?? I would appreciate any information or knowledge you have about this company.
The maplegram 25 is a decent premium on fractional gold
yeah i’m looking at one of those for sure! 🔥🐉
Bought a 1 grain maple leaf for $77! Tiniest little coin I have ever seen...what is a fair price for that? I feel ripped off! PLEASE REPLY!
Rita Doyle: I think you meant 1 GRAM, not 1 GRAIN ? The current (July 4th 2020) spot price per gram is US$57.1 / £45.8 / 50.8 Euros.
it’s a high premium but hey at least you own some now! 🤷🏽♂️🔥🐉
PS PS if you could just do a comparison on the % diff for ASE and AGE to show the difference and expound on it by using the GSR to show how much more 99 ASE cost vs 1 AGE .. I think more people would see how much extra they are paying for silver vs gold.. Mel...
yeah very true the premiums on silver are way higher!!!! 🔥🐉
i have found .10 ounce to be very over priced with .25 ounce having the same premium as a full ounce in this area.
yeah 1/4 ounce seems a little bit easier to swallow the premium 🔥🐉
.1 eagles going from 200 at shops. Not to bad. The stack um while you can. If you think its high now wait couple of years down the road
I was able to get a 2020 for 200$ at a local LCS!! Got the last one too :’)
gold does have a lot of potential for sure!!! 🔥🐉
Half sovs are just a hair over the price of tenth ounces, imho they're worth considering
So... I know that coin shops will vary in buy back prices because they are independently owned and operated businesses, but would you agree that if someone purchased a 2020 AGE today, they would be able to sell it a week later to your average coin shop and get at least spot price for it? More? Less?
I've never been to a local coin shop that didn't pay at least spot on gold and silver.
you could sell it for at least spot I would think. probably more right now 🔥🐉
Buck Roger wow you live in a great area 🔥🐉
Idk why people say pieces “hold their premium” everywhere I’ve seen pays spot or just below no matter what it is
It's a good buy. Always a good buy when buying gold.
oh yeah that’s the truth!!!! 👍🏽🔥🐉
It is VERY overpriced atm with everyone wanting to get into physical precious metals, my lcs had little 1 gram pieces of gold for 80 bucks a pop not a moment later tho they were bought up because of the demand
wow that is insane!!! 😮🔥🐉
Other than the fact it’s not backed by a sovereign nation, what are your thoughts on generic fractional gold bullion? It’s less premium and “true fractional”
yeah I think it can be a good option. probably slightly less trusted but who cares if you are selling to a dealer in the future 🔥🐉
Silver Dragons you’re probably right lol if you’re gonna fork over the money for gold you might as well go authentic vs generic. Hoping to add gold to my portfolio one of these days
If I could afford I'd buy gold maples because lower premiums and 24K gold right?
Well I finally added some gold and platinum to my stack.
3 one gram bars of platinum and my first gram of gold! Aahhhh!
I'm hoping platinum bounces back!
I am so on the fence for platinum right now. I believe it will rise but after silver and when and by how much who can know?
congrats on the pickups!!! yeah maples are 24k and cheaper usually... a little less liquid though 🔥🐉
@@SilverDragons47 not if you melt em down yourself,😁
It takes the same amount of effort to make a 1/10oz as it does a 1oz. Often times it takes more...
Time is cost. It takes 10 times as long to mint 1oz of gold in 1/10oz coins.
People want something for nothing... Just buy what you can afford.
yeah more cost but i’m sure once the machine is going it goes pretty fast 😏🔥🐉
The most popular gold bullion coins are...1st, 1ozt coins and 2nd, 1/10th ozt coins ...according to research I've found online and in person at shops.
which makes the 1/4 ripe for the picking 😁🔥🐉
@@SilverDragons47 😂👍that's one way to think about it.
hate seeing these old videos
and hearing the damn price
Lv the red dragon of Wales as I live there lol