Buying Gold Bars - Everything You Must Know (Beginner's Guide)

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  • Опубликовано: 5 июл 2024
  • How do you go about buying gold bars? Which types and sizes of gold bars are the best to buy? More importantly, where do you buy them from? In this video, I will guide you through how to buy gold bars, how much to pay and the different types that are suitable for you and how much you should pay. Buying gold bars is the best way to stack and invest in gold, especially when you want to get more from every dollar. Gold is a great investment asset to help you preserve wealth, especially in today's fiat-based economy. Getting your first gold bar is an important step in maintaining your purchasing power. Compared to gold coins, bars are more versatile, cheaper to buy and just as easy to sell when you need cash. Let's dive in!
    📍Buy Physical Gold & Silver Bullion In Singapore Special Deals
    (I earn a small affiliate commission at no extra cost to you):
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    ✅ Timestamps & Chapters:
    0:00 Intro
    0:36 Types Of Gold Bars To Buy
    3:25 How Much To Pay?
    4:51 Gold Bars vs Gold Coins
    6:00 Choosing The Right Size
    7:10 Where To Buy
    9:37 Buying Genuine Gold
    11:28 Your First Gold Bar
    11:57 Closing Thoughts
    Subscribe to my channel where we dive deeper into the world of gold, silver & investing:
    🔴 Subscribe: bit.ly/3kzabfN
    Learn how to buy physical gold:
    👑 bit.ly/3D76Lqn
    Here's how to buy physical silver:
    🪙 bit.ly/3rlsXJ3
    💵 You can buy physical gold and silver from these online bullion dealers:
    SD Bullion: sdbullion.com/
    APMEX: www.apmex.com/
    JM Bullion: www.jmbullion.com/
    Disclaimer:
    The information presented on this channel is for news, education, and entertainment purposes only. The information does not constitute an offer or solicitation to buy or sell any investment product(s) or investment strategies, or a substitute for professional investment advice. It does not take into account your specific investment objectives, financial situation or needs. I am not a financial advisor or a licensed investment professional. Please consult with your financial advisor before following any investment strategies discussed herein.

Комментарии • 898

  • @PremSteve-yg4de
    @PremSteve-yg4de 9 дней назад +484

    Considering the current market uncertainty, it appears prudent to consider investing in gold or a gold ETF. I'm contemplating allocating over $300k for retirement purposes. While the potential for short-term gains in a bullish market is enticing, I recognize the importance of maintaining a long-term investment strategy.

    • @edelineguillet2121
      @edelineguillet2121 9 дней назад +2

      Gold is seen as a safe bet during economic ups and downs. But investing in it can be tricky. Some people lose money because they don't understand how it works. So, it's wise to be careful. I suggest talking to a financial advisor who can help you figure out when to buy and sell.

    • @belobelonce35
      @belobelonce35 9 дней назад +2

      Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.

    • @bernisejedeon5888
      @bernisejedeon5888 9 дней назад +1

      How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?

    • @belobelonce35
      @belobelonce35 9 дней назад +1

      Sharon Marissa Wolfe is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

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      @yolanderiche7476 9 дней назад +1

      I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

  • @barttfisher
    @barttfisher 2 месяца назад +462

    I'm in my 40s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?

    • @HildaBennet
      @HildaBennet 2 месяца назад

      Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.

    • @beafoster747
      @beafoster747 2 месяца назад

      People disregard the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

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      @PennyBergeron-os4ch 2 месяца назад

      How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

    • @beafoster747
      @beafoster747 2 месяца назад

      I work with Sonya Lee Mitchell as my fiduciary advisor. Simply look up the name. You would discover the information you needed to schedule an appointment.

    • @PennyBergeron-os4ch
      @PennyBergeron-os4ch 2 месяца назад

      Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

  • @slingernolenation7518
    @slingernolenation7518 2 года назад +540

    With inflation, I am losing at least 8% of the money I have in the bank every year. Paying a 5% premium for gold bars is a no brainer.

    • @SeanFooGold
      @SeanFooGold  2 года назад +57

      Well said and interesting perspective!

    • @tlee9484
      @tlee9484 2 года назад +32

      It's getting worse, only the intelligent people will be prepared for it .
      ( the secret to the word prepared, is PRE , ,
      as in before, don't wait until the last minute, you might be left out.

    • @Banggeek
      @Banggeek 2 года назад +2

      @@tlee9484 what do you mean

    • @tlee9484
      @tlee9484 2 года назад +8

      @@Banggeek
      You haven't been paying attention to the economy??.
      Really?.
      😒

    • @Banggeek
      @Banggeek 2 года назад +8

      @@tlee9484 I know. Energy soaring price but I only can afford low gold sizes. Should I buy more?
      Im not rich

  • @MUI_LJ
    @MUI_LJ 2 года назад +746

    I've always had this theory that gold and other types of valuable metals could serve us well in countries suffering from economical shocks such as inflation, recession,default etc. Mostly because i believe the amount of global gold is limited and prices could only drop if there were to be discovered new sources for exploiting it. Thank you for this video Sean, I'll check out other videos you got!

    • @SeanFooGold
      @SeanFooGold  2 года назад +7

      No problem! Glad it helped and great to have you here.

    • @oppongkenneth4685
      @oppongkenneth4685 Год назад +4

      @@SeanFooGold you are right

    • @heterodox3487
      @heterodox3487 Год назад +3

      Like Uganda discovered 31mt worth over $12 trillion. Would that affect prices?

    • @syamkumarkaturi9761
      @syamkumarkaturi9761 Год назад

      Buy silver silver nitrate is used in rocket fuels and pharma industry no use of promoting crypto.metals are essential than crypto

    • @MUI_LJ
      @MUI_LJ Год назад +4

      @@heterodox3487 depends if someone is going to invest in production.

  • @ilonawhite6121
    @ilonawhite6121 Год назад +9

    That was a lovely gentle introduction that I needed :) thank you

  • @Peglegkickboxer
    @Peglegkickboxer 2 года назад +21

    A lot of people here want to buy gold to make money but people forget the true value of gold which is wealth storage. It's the safest asset to own for value for which we have 5000 years of data on. Inflation, especially when we have 8%, gold premiums make no difference. Great video sir.

    • @SeanFooGold
      @SeanFooGold  2 года назад +1

      Well said indeed!

    • @Zion-neo88
      @Zion-neo88 5 месяцев назад

      How many oz are you buying for an 8% premium? Premiums are usually quite a bit more. Gold as an investment isn't very good, it barely keeps up with inflation as a return.

  • @laurencefegan1875
    @laurencefegan1875 7 месяцев назад +3

    Thank you, Sean. Upvoted and bookmarked accordingly!

  • @f.hamourapi8889
    @f.hamourapi8889 Год назад +22

    We don't buy gold for investing. We buy it as crash insurance. As we are more on the poor side, we buy sovereign coins once in a while. One or two, as we have money. Adds up over time.

    • @chrisdavis6374
      @chrisdavis6374 3 месяца назад

      Gold is a
      long term “store of value”

  • @GhostWolf141
    @GhostWolf141 2 года назад +16

    Thanks for this. I’ve been looking at gold for a while. In today’s current climate, you have made certain choices easier for me 👍🏻

    • @SeanFooGold
      @SeanFooGold  2 года назад +1

      glad it helped!

    • @Princechucks91
      @Princechucks91 Год назад

      If you have interest in buying gold, i can sell a kilo of gold for you for $35,000 per kilo in Ghana

  • @pz3j
    @pz3j 8 месяцев назад +1

    Love your channel Sean. This is a great video.

  • @tobyjacob8701
    @tobyjacob8701 9 месяцев назад +3

    Great info, thanks for explaining!

  • @valdek001
    @valdek001 2 года назад +3

    Thank you for the video, it served as a good refresher and was well presented

  • @johnphoon6436
    @johnphoon6436 Год назад +4

    I really enjoyed the smooth n details presentation....easy to understand n nice to listen....thank you Sir...🙏🙏🙏

  • @scottynic2894
    @scottynic2894 Год назад +3

    Thanks for the upload. Much appreciated 👍🏻

  • @send2georgie_S2G
    @send2georgie_S2G 2 года назад +6

    Thanks for the information Sean. Nice selection of shinys you have there . Cheers 😊👍🏻

  • @goldretirementsolutions
    @goldretirementsolutions Год назад +3

    Really great video! Gold is the best way to go especially with various bank failures that are happening

  • @Tweetogreggieb59
    @Tweetogreggieb59 2 года назад +8

    Two thumbs up, great content and good presentation.

  • @homewithmarcpodcast
    @homewithmarcpodcast Год назад +4

    Thank you for this video, fantastic job and highly appreciated 😊💰🏅

  • @ZaccheusMukahiwa
    @ZaccheusMukahiwa 3 месяца назад +1

    Incredibly helpful video, thank you sir!

  • @BloodRaven-jx1gy
    @BloodRaven-jx1gy 2 месяца назад

    Very informative and a smooth calming intro. I'm thinking of beginning investing, and you have put some worries to rest. Thank you for this video. I will be subscribing.

  • @jeffcauhape6880
    @jeffcauhape6880 10 месяцев назад

    Sean, thank you for this video. It has added to what I know about gold bars.

  • @venturi210
    @venturi210 3 месяца назад +1

    Thank you for this. I found it very informative.

  • @spiritglowwz2804
    @spiritglowwz2804 Год назад +2

    Thank you so much for this!

  • @tslee8236
    @tslee8236 Год назад +8

    As a beginner, only buy from bullion dealers who can test the gold and silver that you are buying in your presence. This means that they must have equipment like an XRF metal analyser and/or a precious metal verifier that can detect fakes.
    No joke, even bullion dealers have purchased fakes by accident through buybacks when they neglected to test all their purchases.

  • @samwalkerinspo1831
    @samwalkerinspo1831 Год назад +12

    This was a great lesson, especially for me coming in a a first timer. Thank you.

  • @davestruble1728
    @davestruble1728 Год назад +7

    Awesome video. You really hit all the key questions I had about buying gold.

    • @traviskim7919
      @traviskim7919 Год назад

      Check us out will give you good rate

    • @traviskim7919
      @traviskim7919 Год назад

      @fashion_jewelryist

    • @traviskim7919
      @traviskim7919 Год назад

      T€l£gram

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      @farrukhahmad453 Год назад

      You can Hire Me For Asset Manager , Aset take care , Asset Representator , Accounts Manager And Tax Manager , Payment Handle , Money Manager , Transaction Handler I do work with sare and Secretly

  • @peter12246
    @peter12246 2 года назад +1

    Great video! Thanks so much. Subscribed :)

    • @SeanFooGold
      @SeanFooGold  2 года назад +1

      Thanks Peter! Great to have you here.

  • @saricubra2867
    @saricubra2867 Год назад +2

    Every single gold bar you have there is a gift from the heavens for venezuelans and cubans living with hyperinflation every day. Gold is such an amazing element of the periodic table with a lot of use cases. The value is crazy.

  • @vm.999
    @vm.999 Год назад +2

    Thanks for the video! Subscribed 💪

  • @guerrero14100
    @guerrero14100 2 года назад +4

    Thanks for the info 👍🏾

    • @SeanFooGold
      @SeanFooGold  2 года назад +1

      No problem. Thanks for watching!

  • @gerrost
    @gerrost 2 года назад +48

    Hi Sean, another informative video. Bought my first gold bar at 2.6% over spot (IGR) yesterday from SD. I also buy gold coins, but will have to rethink my stacking strategy moving forwards. Appreciate what you do!

    • @SeanFooGold
      @SeanFooGold  2 года назад +4

      Thanks Terry, 2.6% over spot is quite a good deal. Great grab indeed!

    • @rampantcolt
      @rampantcolt 2 года назад +5

      I just bought 25 grams today for 9% over spot price. I like to stay under 15% (just my comfort level)

    • @gerrost
      @gerrost 2 года назад

      @@rampantcolt I’m

    • @DGimpeccablejaguar
      @DGimpeccablejaguar 2 года назад +1

      where did you get such a good premium?

    • @gerrost
      @gerrost 2 года назад +2

      @@DGimpeccablejaguar SD Bullion had a special. You can also get a gold eagle from nationwide coins, on line, at spot price, but you’ll have to listen to the sales pitch on their “fantastic deals” for 10 minutes.

  • @TamaraChing
    @TamaraChing Год назад +3

    Thank you, your video was very concise and complete. I am a 24k gold jewelry buyer from our "Little Saigon" or "Chinatown" here in San Francisco. Now starting to invest in gold bars. I also subscribed to your channel. Thank you again.

  • @vodoogirl7
    @vodoogirl7 Год назад +6

    I personally love the smaller gold bars! 💚

  • @helengoh3937
    @helengoh3937 2 года назад +9

    Very insightful - great stuff being shared with us. Keep it up.

    • @SeanFooGold
      @SeanFooGold  2 года назад

      Thank you!

    • @farrukhahmad453
      @farrukhahmad453 Год назад

      You can Hire Me For Asset Manager , Aset take care , Asset Representator , Accounts Manager And Tax Manager , Payment Handle , Money Manager , Transaction Handler I do work with sare and Secretly

  • @jessb-n1094
    @jessb-n1094 2 года назад +25

    I can say this. the silver is very fluctuated depending on the market needs. But gold can keep the value of money, and it is good for long-term investment. Gold mostly raises, rarely plummets, gold price changes every minute.
    I invested both, especially gold, when it was $1,600/oz till now. I heard someone told gold can rocket $4k/oz.

    • @SeanFooGold
      @SeanFooGold  2 года назад +6

      Agreed, gold is definitely more stable and less volatile than silver.

    • @saisri0487
      @saisri0487 Год назад

      Hi sir am from India I want gold ..in bulk any lead tell me

    • @DrSchor
      @DrSchor Год назад +1

      Do you believe that what some random person said is better advice than your own careful research and ability to draw conclusions?

    • @GoldManagement8180
      @GoldManagement8180 Год назад

      Do you need Accounts Services , Personal And Business Trabsaction Handle, Payment Handle All Over Worlds

  • @KingOfKingz911
    @KingOfKingz911 2 года назад +3

    Very detailed good explanations thanks

    • @SeanFooGold
      @SeanFooGold  2 года назад

      no problem, thanks for watching!

  • @mathiaskanuck6759
    @mathiaskanuck6759 2 года назад +14

    I've been in silver mostly. But bought my first 2.5 gram bar Pamp.... And also got a 5 gram Pamp lunar calender. Only thing is I heard smaller bars are higher premiums

    • @SeanFooGold
      @SeanFooGold  2 года назад +2

      yep, the smaller the bar, the higher the premiums can go!

  • @weekendstuff
    @weekendstuff Год назад +1

    Thanks for sharing this useful information

  • @coinshow9842
    @coinshow9842 Год назад +1

    good tips! great collection to!❤

  • @pinayvacavilleUSA
    @pinayvacavilleUSA Год назад

    Thank you for sharing your gold knowledge I learned so much, I wanted to start investing in gold bars and this info help me a lot and very excited to start buying gold bars ❤

    • @user-eo6bj8qb2k
      @user-eo6bj8qb2k Год назад

      Reach EMILIA E ARIAS for assistance just search the name online. They are, an approved dealer ✅

  • @goldnsilvercollector5969
    @goldnsilvercollector5969 2 года назад +5

    Very informative 👏

  • @melwalters8531
    @melwalters8531 Год назад +1

    great info thanks for the help.

  • @robertclarkson6064
    @robertclarkson6064 2 года назад +2

    Thank you. Very helpful.

  • @vantse7849
    @vantse7849 Год назад +20

    Hi Sean, thanks for sharing. Your explanation is really clear and I learnt a lot from it. I saw some people buy XAU instead. Do you have a video to explain the difference between XAU and physical gold bars and the pros and cons of them? :) thanks a lot!

    • @SeanFooGold
      @SeanFooGold  Год назад +4

      it's just the physical spread. The bigger the bar, the smaller the spread

    • @jonahtwhale1779
      @jonahtwhale1779 Год назад +5

      If you don't hold the asset then all you have is a claim against whomever does hold the physical asset. If that party goes bust, is shutdown by a regulator or is otherwise out of the market them you can lose out.

  • @wildone5295
    @wildone5295 2 года назад +1

    I love those credit Suisse bars! Those are nice! Great video

    • @SeanFooGold
      @SeanFooGold  2 года назад

      Thanks so much, appreciate it!

  • @Col83
    @Col83 Год назад

    Thank you for the advice.

  • @pommygeezer9309
    @pommygeezer9309 Год назад +2

    I made my first Gold purchase at Perth Mint last month. And now I am addicted!

    • @thesteammachine1282
      @thesteammachine1282 Год назад

      From curiosity, how do you store it ? Ive heard something about silver bars, if wraped in plastic, with time the plastic will take away part of the color or dirty the bars. No idea if the same is for gold in plastic ?(temperature and stuff)

  • @bleh2785
    @bleh2785 13 дней назад

    Thank you! Really helpful information for a first time buyer like me who has zero idea about this

  • @garythomas9841
    @garythomas9841 2 года назад +2

    great content Mr Foo.Subbed.

  • @Skiptickle
    @Skiptickle 2 года назад +51

    Many people I know are scared off of investing in gold because of today's high premiums. I have my own take on this matter and would be interested in your opinion Sean.
    Nobody, myself included, likes paying high premiums, but if you consider the reason for the increased premiums you may come away with a different take.
    Higher premiums often reflect an increased cost in mining, transporting and smelting the metal. Todays higher costs are mainly due to inflation. Another driver in price is the relative scarcity of the gold supply available to your local bullion dealer. Now when you think about it, inflation and limited supply are the two biggest factors in driving up the spot price of gold and other precious metals.
    So on the one hand we don't like paying high premiums, but on the other hand those high premiums are generally a strong indication that the price of gold is about to rise quickly.

    • @SeanFooGold
      @SeanFooGold  2 года назад +12

      Very good insight. Higher premiums do signal higher demand but I think it is also important that some people are turned off by the higher premiums or else it will just go through the roof and dealers can take advantage of it. Right now the paper price does control the physical price and hopefully down the road, there will be a decoupling and true price discovery of the physical metal.

    • @65stang98
      @65stang98 2 года назад +4

      also saw a fact theres only about 50,000 tons of gold left in the earth unmined. they estimated abt 18-20 years to mine it all then thats it until we can mine some asteroids which will be a few decades most likely

    • @kirilmihaylov1934
      @kirilmihaylov1934 2 года назад +1

      @@SeanFooGold very good indeed

    • @900108Chale
      @900108Chale 2 года назад +14

      @@SeanFooGold Great point! On the same line: _If we're betting on "paper money" to lose it's worth, how much will that premium actually influence your costs?_ It's effect would actually diminish quickly...
      *l give you an example:*
      After WWI my mother's grandfather, a very wealthy German who invested in Real Estate, experienced a cash squeeze. Whatever wealth he had was invested in real estate (houses, residential buildings and land). BUT he ran out of cash for their daily needs. Hyperinflation started eating into his holdings since people needed to fulfill immediate needs, hence not interested in "promising investments" such as Real Estate. _In a moment of desperation he was forced to barter a piece of land in exchange for grain..._
      *The lesson here?*
      So called "Hard Assets" had no real purchasing power during Germany's hyperinflation era. Had my grand-granddad saved in precious metals, that grain would have cost him "x" amount of gold instead of sacrificing a good chunk of land to feed his family... On the other hand, imagine how many other properties could he have bought if he had precious metals instead of fast depreciating real estate.
      *If paper money loses trust (which is the only thing that supports FIAT currency), NOTHING will save your from suffering unless you got an Asset that is widely accepted and honored.*
      In such an event do Premiums actually matter? I'd say what will matter is the trustworthiness of the coin/bar you put forward. _ino: Premiums may play a Key Role in bartering..._

    • @duded2281
      @duded2281 2 года назад +1

      @@65stang98 didn't uganda found a huge reserve recently?

  • @Darkneo7
    @Darkneo7 Год назад +1

    Nice video man

  • @glaszlo9694
    @glaszlo9694 2 года назад +9

    Thank you for the good video. Would you also invest in silver (bars or coins?) maybe for further price rocketing or stick to gold bars of 1 ounze?

    • @SeanFooGold
      @SeanFooGold  2 года назад

      Yes, I do buy silver as well. Do check out my other videos!

  • @Steroid_Frog
    @Steroid_Frog Год назад +1

    Awesome video!

  • @Reizermo
    @Reizermo 9 месяцев назад

    Thanks this was really insightful. About to purchase by first gold bars in a few days. I am thinking of 2 x 1 oz Brittania Bars. They are VAT free, and also....capital gains exempt for down the road when selling them.

  • @johnfrancis6396
    @johnfrancis6396 7 месяцев назад

    Good video thanks mate

  • @dontask8979
    @dontask8979 2 года назад +3

    Another video well done 👍

    • @SeanFooGold
      @SeanFooGold  2 года назад +1

      Thank you!

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  • @aicarpool
    @aicarpool Год назад

    Thank you. 🙏 Very your informed.

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    @joshhushed5890 10 месяцев назад +27

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    • @Lincoln191
      @Lincoln191 10 месяцев назад

      Exactly why i enjoy market decisions being guided by a professional, seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience, been using the expertise and guidance of John Desmond Heppolette, for over 5years+ and I've netted over $3million in that time frame..

    • @NazriB
      @NazriB 9 месяцев назад +1

      Lies again? Grab CDG Spank Bang

  • @Milly5288
    @Milly5288 Год назад +1

    great video esp for us who live in Australia

  • @markostipcevic
    @markostipcevic Год назад +92

    Buying smaller bars more frequently can actually be a good idea. If you have a habit of buying bars on a regular basis this can be a way of dollar cost averaging, especially in a gold bear market. Selling more bars and spreading them out also could yield more profit durring a rally. On a low budget it is much more achiveable to buy smaller more often. They also make great gifts.

    • @farrukhahmad453
      @farrukhahmad453 Год назад

      You can Hire Me For Asset Manager , Aset take care , Asset Representator , Accounts Manager And Tax Manager , Payment Handle , Money Manager , Transaction Handler I do work with sare and Secretly

    • @imjeannette
      @imjeannette Год назад +13

      agreed! i always force myself to buy gold bar 1-5 grams/month

    • @riyastir
      @riyastir Год назад +7

      Go for 20gram in every 4 month . Premium is high on 1 gram and 5 gram

    • @Dolbic.
      @Dolbic. Год назад +7

      and one thing, dont buy branded gold bars like what he mentioned in the video, gold sellers dont care about the brand, and they will weight the gold give you the market price rather than counting in the brand name, cause buying branded gold bars will have premium price thus will be harder to sell with profit later on.

    • @markostipcevic
      @markostipcevic Год назад +3

      @Dolbic Sometimes they do sell at a slightly higher price, but it is not proportional to the premium of course. Buying certain brands can mean higher security: hard to replicate markings, kinobar hologram, QR code. I definitely would advise not to buy online and non reputable (especially) Chinese brands because they are often falsified.
      Buying from a reputable seller is a must too.

  • @nikovl7132
    @nikovl7132 Год назад +3

    Something to consider buying gold is the weight (price) if you thinking about taking it abroad !
    Here in Europe you need to be careful to stay under 10.000 €

  • @BishopEddie5443
    @BishopEddie5443 Год назад +1

    Excellent!

  • @Viviko
    @Viviko Год назад

    Very well done.

  • @cherokeefit4248
    @cherokeefit4248 2 года назад +4

    I got a 2 gram bar from Texas Gold Refinery and a 1/4 gold maple today. Having Texas gold is 🔥

    • @SeanFooGold
      @SeanFooGold  2 года назад

      Cool, will check that out!

    • @oluwabukolaoni4260
      @oluwabukolaoni4260 2 года назад

      Hello I'm Bukola, I'm a Nigerian, and I sell gold for as low as $95, very affordable isn't it??, what's your ig handle so we can connect to each other?

  • @danjones8182
    @danjones8182 2 года назад +1

    Thank you!

  • @jadenephrite
    @jadenephrite 2 года назад +20

    Thank you for your video. Regarding 9:37, fake gold bars made from gold covered tungsten can deceive buyers, because the density of tungsten is almost the same as the density of gold at 19.3 grams per cubic centimeter. However, special analytical equipment can determine if a gold bar is genuine by performing non-destructive tests without removing a gold bar from its original packaging. For example, the Sigma Metalytics Precious Metal Verifier can perform electrical conductivity testing. Another tester is an X-Ray Fluorescence Spectrometer which can measure the metallic composition of a bar or coin. An example is the Olympus GoldXpert XRF Analyzer.

    • @SeanFooGold
      @SeanFooGold  2 года назад +3

      Great comment as usual, thanks for the headsup on checking for authentic gold. Tungsten bars are an investor's worst nightmare. The cheapest and most reliable I think might be the Sigma Metalytics to be on the safe side. If I am not wrong, the X-Ray Spectrometer might cost a small fortune to purchase!

    • @erichhonecker8548
      @erichhonecker8548 2 года назад

      Does the old and classic Archimedes’ Principle Buoyancy test have any truth to it?

    • @erichhonecker8548
      @erichhonecker8548 2 года назад

      @@jadenephrite So if i can buy a small neodymium magnet and hold it to the gold bars I see for sale in the Hong Kong area, I can determine if it is real gold by the magnet and the gold bar resisting each other? I will be sure to try this.

    • @jadenephrite
      @jadenephrite 2 года назад +1

      ​@@erichhonecker8548 Neodymium magnet tests on gold coins are demonstrated @ ruclips.net/video/CFYVOy08lis/видео.html & @ ruclips.net/video/xRajy38k1Aw/видео.html

    • @alesscav99
      @alesscav99 6 месяцев назад

      And there's also another piece of equipment which can be used in order to make sure that it is a genuine gold bar/coin. It can be made through ultrasonic waves which will reach the meal and bounce off back direct to the sensor and the specific time it requires is different btw genuine gold and tungsten because of the atoms. It takes longer to bounce off back from tungsten than gold. That's science 🎉

  • @Venuslovefactor
    @Venuslovefactor Год назад +1

    Hi Sean, I have an Argor Hereus 10 gram gold bar in Assay. Beautiful actually.

  • @camaro69green31
    @camaro69green31 Год назад +4

    Great informative video. I learned a little bit more about bars today. I was planning on buying 1/2 oz. Canadian generic 9999 gold bars from TD bank. Thanks. $1214.38 CDN at this moment.

    • @abubakarrkargbo511
      @abubakarrkargbo511 Год назад +1

      We're having 22+ karat in Sierra Leone 🇸🇱

    • @farrukhahmad453
      @farrukhahmad453 Год назад

      You can Hire Me For Asset Manager , Aset take care , Asset Representator , Accounts Manager And Tax Manager , Payment Handle , Money Manager , Transaction Handler I do work with sare and Secretly

  • @UKinQ8Gaming
    @UKinQ8Gaming Год назад

    Inflation damaging savings. Thinking about dropping some funny money on some space metal. A several oz bars to allow easy liquidation if required would be the play i think. Thanks for thi informative video

  • @authurgunn3880
    @authurgunn3880 2 года назад +4

    I bought my fqirst gold bar (1 Troy Ounce) at 9 years old for 423$ second at 11 at 750$ and haven't stopped since.

    • @SeanFooGold
      @SeanFooGold  2 года назад +1

      wow, those were good prices. Very well done!

  • @murcon001
    @murcon001 Год назад +6

    Thank you for this video. I have been going back and forth for over a month over buying my first gold bar. Well I just purchased a Pamp from J M Bullion. My stomach is turning until I have this in my possession.

    • @desertweasel6965
      @desertweasel6965 Год назад

      How do they delivery it to you, through regular mail? Also, did you get it and love it?

    • @davidrawls4851
      @davidrawls4851 Год назад

      I just purchased a 1oz bar from them also

  • @kapiltiwari5028
    @kapiltiwari5028 7 месяцев назад

    Great info

  • @King-wy5on
    @King-wy5on 10 месяцев назад

    really nice video
    i buy gold in Thailand
    96.6 .... around 23.4 K
    Bars and jewelry.... for rings etc at some places you only pay around 20$ more fee for the jewelry.

  • @copperlight
    @copperlight 2 года назад +21

    Just bought my first 5g Gold and 5oz Silver 🙈

    • @SeanFooGold
      @SeanFooGold  2 года назад +5

      Congrats! Welcome to the club!

    • @jumpingsloth3963
      @jumpingsloth3963 2 года назад +4

      Careful. Lol it can get a bit addicting. I've moved on up to 10 silver bars, silver maple leaves and 5-10 gram golds

    • @ryanm6898
      @ryanm6898 2 года назад +3

      @@jumpingsloth3963 I just hoarded 50 1989 maples at my local coin shop still in the mint pouches! Love the maples such a beautiful coin.

    • @McAngryface
      @McAngryface 2 года назад +1

      I'm so excited for my 5g argor heraeus Kinnear its so pretty

    • @GoldManagement8180
      @GoldManagement8180 Год назад

      Do you need Accounts Services , Personal And Business Trabsaction Handle, Payment Handle All Over Worlds

  • @Death_From_Below
    @Death_From_Below 2 года назад +7

    Not interested in buying gold bars but had to watch the video because I love seeing the difference designs of the bars.

  • @marcuscrowley1203
    @marcuscrowley1203 Месяц назад

    Thank you!!

  • @Turin90
    @Turin90 Год назад

    thanks for the video, very inspiring.
    How about the Britannia 1oz Minted Bar from Royal Mint and how about Royal Mint in general ?

  • @Gardensandgrills412
    @Gardensandgrills412 2 года назад +16

    I bought three 1 gram pieces, same exact ‘brands’ (I’m new to this)…a gold mini roo and PAMP silver bar. Really interesting points and comments from all in the comment section. Had no idea about the premiums but now I know! I just figured to start off maybe start small, I also wanted some variety and don’t quite have the money yet to just get a 1oz bar. One day in the near future…very informative video!

    • @SeanFooGold
      @SeanFooGold  2 года назад +3

      Thanks, welcome to gold stacking!

    • @chappieq5805
      @chappieq5805 Год назад

      The website I was looking at was charging 86 a gram for a single gram and 56 a gram for a 5 gram piece so maybe look at buying larger pieces

    • @farrukhahmad453
      @farrukhahmad453 Год назад

      You can Hire Me For Asset Manager , Aset take care , Asset Representator , Accounts Manager And Tax Manager , Payment Handle , Money Manager , Transaction Handler I do work with sare and Secretly

    • @justinmadonna3733
      @justinmadonna3733 Год назад

      Definitely do not buy fractional silver. You are 100% better off saving for full oz or more. I find 5 to 10 oz are good buys

    • @GoldManagement8180
      @GoldManagement8180 Год назад

      Do you need Accounts Services , Personal And Business Trabsaction Handle, Payment Handle All Over Worlds

  • @davida472
    @davida472 Год назад

    I just got my first 2.5g PAMP and I feel the calling to start investing in these small quantities and store them in the bank for future investments. With all the worlds problems going on I feel the need for precious metals will soon be a HIGH demand as we are converting over to energy instead of oil and that means more mining. May not happen today, But anything can skyrocket gold in the near future when mining becomes more valuable than oil because of harvesting minerals to make batteries.

  • @sandysutton4429
    @sandysutton4429 2 года назад +1

    Thank you.

  • @user-hc2cc2jh7q
    @user-hc2cc2jh7q Год назад

    very useful video

  • @secretkeke8906
    @secretkeke8906 Год назад +1

    Where did you purchase the 1 gram one with the pendant loop? I've been looking for one just like that!

  • @gabrieltavarwisa5657
    @gabrieltavarwisa5657 10 месяцев назад

    Well explained

  • @EngineerInMotion
    @EngineerInMotion Год назад +12

    I really prefer gold coins for no other reason than u getting to hold the actual gold in ur hands. With bars, they are usually in an assay card which most ppl don't wanna cut open. Coins usually come in no special packing therefore u can play around with it.

    • @TheBooban
      @TheBooban Год назад

      Lol, exactly. I can’t resist touching my krugerrands from time to time.

    • @RIPPUR7777.
      @RIPPUR7777. Год назад +1

      We’re do you buy the coins from is there additional charges added

    • @EngineerInMotion
      @EngineerInMotion Год назад +1

      @@RIPPUR7777. local bullion dealer, there is a very small price difference between the bar and coin

    • @RIPPUR7777.
      @RIPPUR7777. Год назад

      @@EngineerInMotion is there additional charge on top for purchasing gold coins and bars or do you pay what it is advertised at.

    • @EngineerInMotion
      @EngineerInMotion Год назад

      @@RIPPUR7777. its dependent on where u live, I think in Canada, for pure 24k coins like the Canadian maple there are no taxes but in the US depending on states, it's different rules on taxes so those would be the only additional charge. I think Australian and European are same as Canadian were taxes are only applicable if the buiilion is not pure 24k. Example is 22k american gold eagle

  • @sugarray8142
    @sugarray8142 2 года назад +26

    I used to buy Pamp gold bars but found out from the dealer there are very realistic fakes floating around. I only buy from authorised dealers but knowing there are fakes on the market affects the trust in them. I prefer sovereign gold coins as they are hard to fake and I am hoping they will be easier to sell in future.
    Btw, Good channel on precious metals!

    • @SeanFooGold
      @SeanFooGold  2 года назад +4

      Thanks for watching! Yup gold bars are indeed more frequent to counterfeiting. Best is to test them on the spot when purchasing for that peace of mind.

    • @davida6146
      @davida6146 2 года назад +3

      Yeah, I'm not a fan of Pamp for that reason

    • @godanddevil.5331
      @godanddevil.5331 2 года назад

      GOLD AND SILVER ARE NEW BITCOINS

    • @Dedicated_.1
      @Dedicated_.1 2 года назад +4

      @@SeanFooGold
      How do you test them ?

    • @waywardsoul4918
      @waywardsoul4918 Год назад +2

      @@Dedicated_.1 pamp has an app specifically for their bars. I suggest you get the app.

  • @NoName-oj5pl
    @NoName-oj5pl 2 года назад +1

    Awesome video. Have you watched Trinidad James all Gold everything?

  • @rrcc1988
    @rrcc1988 2 года назад +1

    Woah awesome channel! Thank you for sharing ☺️ I was looking to buy more silver to hold. I tried using the code above but it seems to not work anymore 😅

    • @SeanFooGold
      @SeanFooGold  2 года назад +1

      oh I think they have all been redeemed. You can use the other code for a general discount: SEAN-2022

  • @Dannyjeon1
    @Dannyjeon1 Год назад

    The video was informative. I want to invest my money in this but wouldn’t liquid gold as assists be better. Where would I keep this in a bank ? Any info helps thanks.

  • @harrygreen1406
    @harrygreen1406 8 месяцев назад

    sound advice ty.

  • @ericksonodhiambo9535
    @ericksonodhiambo9535 10 месяцев назад

    I am based in Kenya and I think my preference would be the ones with a unique bar code, I have been scammed so many times and lost almost my entire fortunes trying to do Gold business. Kindly give more details on the Gold with unique identification features thanks.

  • @michaelengland8299
    @michaelengland8299 10 месяцев назад

    Excellent

  • @AB-zn7di
    @AB-zn7di Год назад

    hello sean foo .. great video tutotials .. where is the best place to buy gold in london? thanks

  • @calvinng9576
    @calvinng9576 8 месяцев назад +1

    i wish i found this video first before buying my first bar.
    did an opps and paid extra T_T by buying them from jewellers

  • @mickymouse6447
    @mickymouse6447 2 года назад +3

    Head up that coins are CGT where as bars are taxed. This is for UK 🇬🇧.

    • @SeanFooGold
      @SeanFooGold  2 года назад

      yup, in the UK, i think the Britannias and sovereigns are CGT exempt.

  • @dkpqzm
    @dkpqzm Год назад +1

    If you're going for weight only, the bar or ingot is the way to go

  • @cammie90
    @cammie90 2 года назад +2

    I have bought Valcambi Suisse, 10g bars, PAMP were more expencive at my seller.

    • @SeanFooGold
      @SeanFooGold  2 года назад

      yep, PAMP is slightly more expensive vs Valcambi

  • @sirjaime4258
    @sirjaime4258 2 года назад +2

    Thank you

    • @SeanFooGold
      @SeanFooGold  2 года назад

      No problem, thanks for watching!

  • @EElia-bj9tp
    @EElia-bj9tp 7 месяцев назад +1

    Hi Sea,
    Thanks for the video. I didn't understand the idea relating to premium payment. e.g. "The small you go, the higher premium you have to pay." Could you please explain it in simple words.

  • @Tzvethan
    @Tzvethan Год назад

    For me most popular gold bars (in Europe) is from Valcambi.

  • @rockinroland0
    @rockinroland0 8 месяцев назад +2

    I came here looking for if you OPEN the package from one of these bars. Does the value go down drastically? or does the gold itself hold its value enough?