Flipping Gold in the Short Term
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- Опубликовано: 14 окт 2024
- I stack gold and silver to hedge against our debt-fueled, fiat currency-based economy that I am convinced is in severe trouble. Consider stacking silver and gold yourself to help you build and preserve wealth. And thank you for watching Campbell’s Coins!
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DISCLAIMER: I am not a professional financial adviser, nor do I offer financial advice. This video is for entertainment only. Please consult your investment and tax experts for financial advice. I am a participant in the Amazon Services LLC Associates Program and B&H Affiliate Program, both an affiliate advertising program designed to provide a means for me to earn fees by linking to Amazon.com and affiliated sites. Some of the above links are affiliate links where I may earn a small commission at no additional cost to you.
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Perfect answer, I am with ya on this! No flipping, just continued stacking!
Thank you!
Not flipping a dime! Only accumulating! This is my game!
Great video, hold on to that gold!
🔥🦈🌊
Thanks man!
ALWAYS.Informative!
Bought 5 gold 100 Corona for $1700 each in late March and sold for $2000 each just last month to a local shop.Good profit for a 2 month flip
You killed it !
Nice Flip!
Buy it, sit on it, forget it. Focus the mind on other things.
The only time l rally did well with gold was during Covid. 30% gain or so. No Taxes in this state. Lcs cash transactions. This might happen with gold every now and then. Not very often though. Long term baby!
Nice!
Totally agree. I'm just holding for twenty years.
Good timeframe.
Exactly! Great video CC 👊🏻
Thanks Patriotic!
Great video buddy. Ive been flipping the collectable silver coins when i can make a good profit and put towards increasing my base stacl and coin collection but i haven't sold any of my gold because the profit margins are just too small.
100%, silver is very profitable. Which is why so many sellers push it on people...
I don’t flip, ain’t got time for it. When I’m retired I’ll flip some, but I just by it and hold it for now
Very smart
Thx for this info
Buy it when it drops and stack it deep.
No Flipping/Selling.
Just Stacking!
💯
I feel the same. It’s not worth the chase. I got better things to do. Just keep stacking.
Both physical Gold and Silver are a long term savings, at least for me.
If someone wants to flip Gold, they can buy paper Gold and trade the futures market.
Gold always goes down during a recession. So when you need the $ most the value drops. It drops because people are selling to get needed cash. It’s just a bad investment in all situations. The worst the situation the worst it is as an investment.
Everything goes down in a recession, but gold is the first to rise. People should have a reserve of cash on hand and not rely on their assets to get cash.
@@CampbellsCoins problem is people do the opposite when buying gold, too often.
@@CampbellsCoins I don’t know if that is true, but if it is the first , stocks pass it soon after the starting line.
Gold is down 1% so far today. Dealers want a 2% discount. Plus $50 for mailing. So you need like 3.5% or more swing to break even. That might take years or decades. Inflation was driving gold prices. Right now as of today it looks like inflation is gone and a big recession is in. Buy stocks or keep money in bank. Gold and other metals are very very bad investments. Very bad.
Thanks for talking about a point no one mentioned in the video. I never discussed gold as an investment, nor do I advocate people get gold for investing. BTW, it doesn't take years or decades to recuperate 3.5% in gold, take a look at some charts. If you want to invest money there are certainly more lucrative routes like stocks.
@@CampbellsCoins looking at comments and people are using it as an investment. Have 6 months to a year of expenses in bank, max out 401k and IRA, get some insurance before buying gold for any reason.
@@CampbellsCoins the 1980s high was not reached again until about 2008. The hight around 2011 was not reached again until about 2021. Lots of factors pointing to a high in gold now that will drop like a rock for a long time again. We had a very long stretch of low inflation an inflation fears and wars. Looks like a collapse in gold is as likely as any time since 2008. People will need cash. Being in gold or buying gold right now is a very very bad idea.
Just asking, does your brother have a RUclips channel called Yankee Stacking? You both sound the same.
Negative. No relation to Yankee.
👍
Kind of a fool’s errand.
If you're buying at a loss then why buy??
Define loss. Gold goes beyond monetary value and fiat amounts.
@@CampbellsCoins in simple terms? You buy for £400 for example but if you went to resale you may only get £380, I'm not anti gold by any means, I just struggle to understand it sometimes but your videos and others help to understand. Ultimately though if you're investing or protecting yourself against inflation etc then any loss is frustrating. Equally something people do not talk about is handling charges on shares when you sale them. Great video though 👍
I've traded gold for silver....
Must get loads of silver!
@@CampbellsCoins I bought a bunch of 10 oz bars when it was 17 an oz so when it jumped up around 23 an oz I was able to trade some silver bars for a couple 1 oz gold eagles.
Back to $1600? your kidding, right?
This was posted four months ago. Just a month ago, gold dropped to $1821. A year ago, it hit the low $1600s. It's not impossible.
Hold your gold or get out of pm’s!!
Well stated!
I’m not a flipper.
Good!
Pls guys I need some one who can help me with making an exchange of coins ..
nobody wants to buy mine