I'm with you completely, I'm willing to sell a lot of my silver if it increases my stack in the end but my gold isn't getting touched, just because it's not financially smart for me to, even when spot goes up. I'm not holding off on buying till it drops so I'm not selling towards the top either. I just get whatever I can whenever I can an DCA in. Great points brother
Selling gold is always a last resort for me, first id dip into my fiat reserves in my bank, then id sell my stocks, and finally if it comes to it id sell my gold.
Thank you for this video. We are new gold and silver buyers and really appreciate this simple breakdown of buy/sell premiums and spot price along with the tax implications.
SO CRAZY , has a channel that most coin content creators would give their left , um , finger for and hasn't made a video for 4 months ... hope all is well ... i wish i made videos as good as yours , thanks, jes
thanks cc, this is a topic that more youtubers need to speak to. Its never said that some of these guys are really lcs owners or ebay sellers, or if they truly own thier stacks that they are showing off. then they throw out a narrative of gloom and doom or fomo. you are peeling the skin off the onion cc. thanks again for your help.
@@CampbellsCoins I disagree. Most people purchase only one ounce at a time and that is the way most people sell them as well. More people sell one ounce than 2, 2 ounces than 3, 3 ounces than 4 ...and so on. The mass of the sale gets more rare the higher you go...which only makes sense. It would not matter to anyone I know how many physical ounces they sold...nobody is reporting it. Everyone I know takes care to avoid reporting triggers by dealers when they buy...and so do the same when they sell.. Can I justify it? Yes. Inflation is a hidden and immoral and illegal tax perpetrated upon us. Therefor the .gov has no claim to my hedge against it.
Haha, you just reminded me of what my mom said to me as a kid, "we don't live in SHOULD land". Thank you SH, you're one of my favorite voices on YT. Appreciate you. 😎
My gold and silver is for people alive when im dead, i get to enjoy looking at it, and my loved ones get to enjoy reaping its benifits when im gone, or hopfully they can just look at it too
Exciting news! The inclusion of Rose number [427] beautifully symbolizes our collaborative efforts in this creative garden at CoinEra. Let's continue nurturing this shared space together! 🌹🌷🌼 Thank you for being an integral part of it! 😊💖
I won't part with any of my Gold. If I add any gold to my stack ( which has been a challenge ). It goes into my old citizens bank safe and stays there. if I have to part with some silver I will in order to get more gold. but that's only if I don't have any other options left.
Hey 👍 CC I actually recently sold one of my foreign Gold coins not out of a need for cash, but I wanted to take advantage of the spot price spiking so could get my money out of this specific coin. I really didn't want it anymore and I've put the money aside for my next Buffalo anticipating a dip in spot. I'm not yet at my desired price range but I'm patient 😌
Absolutely nothing wrong with doing what you want with your stuff bro. Especially if it's trading up. A buffalo, is certainly trading up. Gold has been above $2000 for a decent time, more than we have seen. It's exciting. You might be waiting a bit, but who knows? I got that CA gold 1oz piece in October or maybe late September for $10 over spot and I think that was the last time I saw spot gold consistently under $2k.
This Is One .99999 Fine Video Sir., liked and watched it twice. Also love reading all the comments, it gives me hope for America. “Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants, but debt is the money of slaves.”― Norm Franz Thanks for the excellent content Sir.. Life is good.....God Bless
I'm not selling anything either. When you talk about RUclips lies, I often wonder about this. I have been noticing some "stacking channels" don't really ever seem to be stacking. Honestly, I think that's why I started opening packages many times a week on my channels. I never want people to wonder if I'm REALLY a stacker or not. Side note, I can't find the video you speak of, but I am curious.
I like the no-nonsense approach, but you left out one very very important factor in precious metals IRAs. A precious metal ira the individual cannot take possession of metal. It must be held by a third party and then you're paying storage fees that is definitely going to eat into your profits over time. Edit.. I misunderstood the nature of the commentary, but my comments still hold true. You cannot take possession of your precious metals, you must pay storage fees for a precious metals IRA.
Appreciate it! I think you're mixing up what I'm talking about. I'm not talking about using a precious metals IRA. Those are 100% worthless. I'm talking about having a Roth IRA and trading stock, GLD and SLV. All while keeping your physical precious metals. So, one can still profit from the the ups and downs of gold and silver without parting with their physical stash.
@@CampbellsCoins indeed then I did misunderstand. years ago I traded a gold buffalo and some cash for a collectible coin. The value of the gold then was $850. Lesson learned. Since then I will never part with PMs again.
I personally don't get hung up about the use of the word "investment" as it pertains to precious metals. Investment can have a widely varying meaning to people. For instance using it to describe "investing your time into ____." Or investing your energy into a hobby etc. It's just a word and its definition isn't absolute... at least for me. Great video, thanks.
@@CampbellsCoins well I sold a couple of small gold coins and 6 oz of silver $712 that helps! But I went back the next day and traded my raw 1908 no motto Saint Gaudens (cleaned $2000 )and $500 worth of my silver for a 1908 no motto MS 65!!! "Wells Fargo Nevada gold" piece that's what the label says the NGC slab! So it's labeled that way because it was in the bank bag? This is the finest $20 gold piece I've ever owned slabbed and graded I'm very happy I did that!!!
I buy gold and silver as a special way to give my kids under the table money when i pass on. I tell them they all get a share, if you want to keep your share and add to it to pass on to their kids, do it. If not sell it all under the table.
There are specific reasons to sell a majority of your gold. I remember 2is1 saying he sold off a chunk of his gold to purchase an investment property. The income from that property was then used to replenish his gold stack. Great idea IMO
It's actually a terrible idea for investments, especially if you're flipping gold as often he mentions. Because you're taking a hit when you buy and sell your gold. Your dollar cost average suffers and becomes extremely high and then you're taxed by uncle sam. Just use cash, keep your gold and build your gold stack.
@@CampbellsCoins I don't believe he flips gold. He's a serious gold stacker and sold that one time to buy his investment property. I could be wrong, but that's the impression I got watching videos.
@@PeaceandQuiet4 Doesn't he advocate for holding cash too? He references selling gold quite frequently. I wonder why that is. It literally makes no sense to sell physical gold unless one bought heaps of it pre 2009 and 2018. And even then one is dealing with capital gains. Maybe if one ran out of cash and needed an extra push, would they sell their gold but there are too many hits selling gold.
I don't know if he holds a large amount of cash or not, it's been awhile, but it makes sense to hold some cash in addition to metals, stocks, etc in varying amounts. As with any investments, you'll have to pay taxes when you sell. My accountant keeps telling me paying taxes is a good thing, it means you made money lol. He's talking about W-2 earners of course, which applies to the majority of us. I guess it depends on the time horizon buying the property. If you plan on buying a property in say 10 years, where are you going to put your dollars to save? Maybe some in stocks/ETF, precious metals, cryptocurrency, etc. The percentage varies and changes as you get closer to the date you're buying the property. Meaning, as you get closer to the date you're buying the property, you'd want to convert your investments to cash. The point is, selling metals isn't a bad thing if it's used to make more money that can then be used to repurchase those metals. You would not want to sell all your metals of course. And, there's no way getting out of paying taxes if you are W-2 earner. The rich aren't W-2 earners, hence, the reason they pay little to no taxes legally. Thanks for the dialogue. I enjoy your channel. @@CampbellsCoins
I follow 2 is 1 and never once got the indication that he was a gold flipper or seller. I only follow 2 RUclipsrs, you and 2 is 1. That’s because I appreciate both of your views on stacking gold for wealth preservation, a legacy to your family and insurance among other reasons. 2 is 1 is a good guy. Jump in there and listen occasionally. I feel like you’re both on the same team.
I was just looking for a video I put out on this topic, but I can't find it. Did it about 2.5 to 3.5 years ago. I polled my IG audience what price would they sell their gold. Pretty shocking results, something like 70% of stackers were selling at $5k. There isn't a price per se, I'm more looking at gold's value in relation to other assets.
Holding and acquiring gold = position of wealth and strength. Selling and lessening your hold of gold = position of weakness and inability to help yourself and/or others. I've bought and sold gold on a minor basis. Overall, I'll never sell my gold.
Exciting update! The presence of Rose number [409] embodies the spirit of collaboration within our creative garden here at Cointales. Let's keep cultivating this shared space together! 🌹🌷🌼 Thank you for being a vital part of it! 😊💖
Selling gold SUCKS. The premium you paid? Sorry, pal... The spot price? Good luck getting it. If I needed cash quick, I'd probably take some gold to a pawn shop. But I keep cash on hand so I don't wind up facing said scenario.Have a merry Christmas, CC!
Yep , some people get off on telling other people what to do , maybe they think it makes them look smart but more than likely it’s just the crack talking , yeah arse crack cause they are the real A holes 😂 . Good video , keep them coming 👍
Most people qualify for zero federal taxes on capital gains held for at least a year. Just buy and sell what you need to live, and you'll likely only owe State taxes.❤
Bro, I don’t think I need to tell you that if you consider your gold as your insurance plan and some symbol of freedom.. you ain’t never gonna sell, and that’s fine, but most stacker RUclipsrs have a buy and hold attitude. Maybe you’re watching the wrong degenerates on RUclips, but perhaps selling at ATH isn’t such a bad idea, look a few days and gold got its haircut
I just happen to be a 16th century pirate. Thank you for finally acknowledging stackers like me.
😅 I accept you.
"Would you like to see my strategic reserves?" < great pick up line.
🤣
Haha, I'm going to go out on a limb and say this might be taken in a different manner than it's meant.
“Excuse me while I just whip this out.”
Good One.....LOL
I view my gold the same way I veiw my fire arms. "From my cold dead hands".
💯
That's what I'm talking about.....!!!
Great video. Appreciate all of your insights and points. Haven't seen you in a while. Hope you are doing well.
I'm with you completely, I'm willing to sell a lot of my silver if it increases my stack in the end but my gold isn't getting touched, just because it's not financially smart for me to, even when spot goes up. I'm not holding off on buying till it drops so I'm not selling towards the top either. I just get whatever I can whenever I can an DCA in. Great points brother
The Force is strong with this commentary!
I appreciate hearing your strategy.
Thank you!
😂👊
Selling gold is always a last resort for me, first id dip into my fiat reserves in my bank, then id sell my stocks, and finally if it comes to it id sell my gold.
Thank you for this video. We are new gold and silver buyers and really appreciate this simple breakdown of buy/sell premiums and spot price along with the tax implications.
Thanks for watching!
It is part of my retirement. I do sell just for the experience as that is the best teacher. I enjoyed the commentary. Thanks.
SO CRAZY , has a channel that most coin content creators would give their left , um , finger for and hasn't made a video for 4 months ... hope all is well ... i wish i made videos as good as yours , thanks, jes
Hi Campbell, can you do a video on how you trade gold and silver for your Roth IRA? Thank you!
I'll say it again. Short Silver, Hold Gold.
Absolute banger of a video! You were cooking the whole time 🔥
Great video once again Campbell’s . That’s a great idea to hold on to your gold!
🔥🦈🌊
Thanks Oceans. Strategic reserves. Some people forget why they started stacking in the first place. That is, if stacking was even their goal.
Lots to process here. This is one of your best videos to date my man!
thanks cc, this is a topic that more youtubers need to speak to. Its never said that some of these guys are really lcs owners or ebay sellers, or if they truly own thier stacks that they are showing off. then they throw out a narrative of gloom and doom or fomo. you are peeling the skin off the onion cc. thanks again for your help.
Well stated sir!
I dont sell my gold which is an APPRECIATING asset and exchange it for cash which is a DEPRECIATING debt note.
Nobody is going to pay taxes on selling an ounce of gold for cash. Full Stop.
Most people don't sell just 1oz. It's good to sell for cash.
@@stormforge68 there is an exception in Canada, if the coins are sold for less that 1000 cad per coin.
@@CampbellsCoins I disagree. Most people purchase only one ounce at a time and that is the way most people sell them as well. More people sell one ounce than 2, 2 ounces than 3, 3 ounces than 4 ...and so on. The mass of the sale gets more rare the higher you go...which only makes sense.
It would not matter to anyone I know how many physical ounces they sold...nobody is reporting it.
Everyone I know takes care to avoid reporting triggers by dealers when they buy...and so do the same when they sell..
Can I justify it? Yes. Inflation is a hidden and immoral and illegal tax perpetrated upon us. Therefor the .gov has no claim to my hedge against it.
@@stormforge68 ...That almost nobody is going to report or pay...Full Stop.
Awesome info as always, thanks! I agree 100% with ya!
Thank you!
BAM!! There's some truth. Kudos to that mic drop, well done!
🙏😎, much appreciated!
CC You are one of my favorite Libertarian voices in what *should* be a live and let live gold space.
Haha, you just reminded me of what my mom said to me as a kid, "we don't live in SHOULD land". Thank you SH, you're one of my favorite voices on YT. Appreciate you. 😎
My gold and silver is for people alive when im dead, i get to enjoy looking at it, and my loved ones get to enjoy reaping its benifits when im gone, or hopfully they can just look at it too
Exciting news! The inclusion of Rose number [427] beautifully symbolizes our collaborative efforts in this creative garden at CoinEra. Let's continue nurturing this shared space together! 🌹🌷🌼 Thank you for being an integral part of it! 😊💖
Hi Stranger !
Hope everything is well.
Thanks man!
I have really enjoyed your channel and the content you discuss as well as your candidness!
Thank you so much!
Haters gonna hate. Not that you really need it, brother, but sending you some love. Thanks for your excellent channel!
Great Video Campbell and congrats on 30K
Thanks a ton!
Love the star wars reference! Welcome back Campbell coins! I’ve missed your content.
I won't part with any of my Gold. If I add any gold to my stack ( which has been a challenge ). It goes into my old citizens bank safe and stays there. if I have to part with some silver I will in order to get more gold. but that's only if I don't have any other options left.
Are you ok dude? it's been a while since you released a new informative nice video hope everything is ok bro... 👍🏻
Hey 👍 CC
I actually recently sold one of my foreign Gold coins not out of a need for cash, but I wanted to take advantage of the spot price spiking so could get my money out of this specific coin.
I really didn't want it anymore and I've put the money aside for my next Buffalo anticipating a dip in spot.
I'm not yet at my desired price range but I'm patient 😌
Absolutely nothing wrong with doing what you want with your stuff bro. Especially if it's trading up. A buffalo, is certainly trading up. Gold has been above $2000 for a decent time, more than we have seen. It's exciting. You might be waiting a bit, but who knows? I got that CA gold 1oz piece in October or maybe late September for $10 over spot and I think that was the last time I saw spot gold consistently under $2k.
This Is One .99999 Fine Video Sir., liked and watched it twice. Also love reading all the comments, it gives me hope for America. “Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants, but debt is the money of slaves.”― Norm Franz
Thanks for the excellent content Sir.. Life is good.....God Bless
Hedge against inflation = Freedom outside of the financial system. That’s what it means to me. Shocker…. We agree again. Great video as always.
😅 I'm glad we do agree. Thanks Triple P!
Maybe because most of us bought incase of an economic collapse !
Not to make a profit.
Good!
I'm not selling anything either. When you talk about RUclips lies, I often wonder about this. I have been noticing some "stacking channels" don't really ever seem to be stacking. Honestly, I think that's why I started opening packages many times a week on my channels. I never want people to wonder if I'm REALLY a stacker or not. Side note, I can't find the video you speak of, but I am curious.
There are a lot of plants in our space to get you to sell or not stack at all. They want you broke when the collapse comes.
@@jungle1776 Yes. The whole system wants us all broke. No Sir. Not this boy.
Insightful and informative. Thanks.
Thanks for watching!
I like the no-nonsense approach, but you left out one very very important factor in precious metals IRAs. A precious metal ira the individual cannot take possession of metal. It must be held by a third party and then you're paying storage fees that is definitely going to eat into your profits over time.
Edit.. I misunderstood the nature of the commentary, but my comments still hold true. You cannot take possession of your precious metals, you must pay storage fees for a precious metals IRA.
Appreciate it! I think you're mixing up what I'm talking about. I'm not talking about using a precious metals IRA. Those are 100% worthless. I'm talking about having a Roth IRA and trading stock, GLD and SLV. All while keeping your physical precious metals. So, one can still profit from the the ups and downs of gold and silver without parting with their physical stash.
@@CampbellsCoins indeed then I did misunderstand. years ago I traded a gold buffalo and some cash for a collectible coin. The value of the gold then was $850. Lesson learned. Since then I will never part with PMs again.
To many people think of silver"s value in dollars & cents. It should be seen more as in acres of land.
Precisely. Ironically, they stack to get away from the dollar but once it's value appreciates, they crave the dollar.
Yes, yes, yes...now, tell us ALL about the California Bear with Cub. THAT's what I want to know about!! Keep up the thoughtful content :)
That will be in a coin of the week review coming shortly! I love these things. Thanks!
I personally don't get hung up about the use of the word "investment" as it pertains to precious metals. Investment can have a widely varying meaning to people. For instance using it to describe "investing your time into ____." Or investing your energy into a hobby etc. It's just a word and its definition isn't absolute... at least for me. Great video, thanks.
Great Comment Sir..
Miss you !!
I hope you post soon 😊
💯 real talk.
Where have you been?!
Best metals channel on YT. I would only sell if I was absolutely desperate. Selling gold for more worthless paper just sounds stupid.
Appreciate the love! Thanks for watching!
What happened to your videos? I miss them. I hope you are OK. Do any viewers know? Thank you.
Great video. Thanks.
You are welcome!
As always great points made and good advice. Thanks
🙏 Thank you!
I like your clear and concise videos and commentary
Appreciate you watching!
I don’t necessarily sell my precious metals. I from time to time flip it, and trade up.
I'm actually in a tight spot where I might need to sell some gold or silver? I'm going to do my best to not make that happen right now.
Hope you figure things out! Your LCS can help you out when you sell.
@@CampbellsCoins well I sold a couple of small gold coins and 6 oz of silver $712 that helps! But I went back the next day and traded my raw 1908 no motto Saint Gaudens (cleaned $2000 )and $500 worth of my silver for a 1908 no motto MS 65!!! "Wells Fargo Nevada gold" piece that's what the label says the NGC slab! So it's labeled that way because it was in the bank bag? This is the finest $20 gold piece I've ever owned slabbed and graded I'm very happy I did that!!!
Hey raw dawg? Where have you been?
I buy gold and silver as a special way to give my kids under the table money when i pass on. I tell them they all get a share, if you want to keep your share and add to it to pass on to their kids, do it. If not sell it all under the table.
Bravo. I hope your kids and family appreciate the lengths you're going. It helps them in the end in more ways than one.
Thanks!
Welcome!
There are specific reasons to sell a majority of your gold. I remember 2is1 saying he sold off a chunk of his gold to purchase an investment property. The income from that property was then used to replenish his gold stack.
Great idea IMO
It's actually a terrible idea for investments, especially if you're flipping gold as often he mentions. Because you're taking a hit when you buy and sell your gold. Your dollar cost average suffers and becomes extremely high and then you're taxed by uncle sam. Just use cash, keep your gold and build your gold stack.
@@CampbellsCoins I don't believe he flips gold. He's a serious gold stacker and sold that one time to buy his investment property. I could be wrong, but that's the impression I got watching videos.
@@PeaceandQuiet4 Doesn't he advocate for holding cash too? He references selling gold quite frequently. I wonder why that is. It literally makes no sense to sell physical gold unless one bought heaps of it pre 2009 and 2018. And even then one is dealing with capital gains. Maybe if one ran out of cash and needed an extra push, would they sell their gold but there are too many hits selling gold.
I don't know if he holds a large amount of cash or not, it's been awhile, but it makes sense to hold some cash in addition to metals, stocks, etc in varying amounts.
As with any investments, you'll have to pay taxes when you sell. My accountant keeps telling me paying taxes is a good thing, it means you made money lol. He's talking about W-2 earners of course, which applies to the majority of us.
I guess it depends on the time horizon buying the property. If you plan on buying a property in say 10 years, where are you going to put your dollars to save? Maybe some in stocks/ETF, precious metals, cryptocurrency, etc. The percentage varies and changes as you get closer to the date you're buying the property. Meaning, as you get closer to the date you're buying the property, you'd want to convert your investments to cash.
The point is, selling metals isn't a bad thing if it's used to make more money that can then be used to repurchase those metals. You would not want to sell all your metals of course. And, there's no way getting out of paying taxes if you are W-2 earner. The rich aren't W-2 earners, hence, the reason they pay little to no taxes legally.
Thanks for the dialogue. I enjoy your channel. @@CampbellsCoins
I follow 2 is 1 and never once got the indication that he was a gold flipper or seller. I only follow 2 RUclipsrs, you and 2 is 1. That’s because I appreciate both of your views on stacking gold for wealth preservation, a legacy to your family and insurance among other reasons. 2 is 1 is a good guy. Jump in there and listen occasionally. I feel like you’re both on the same team.
Rip glorious channel 🫡
Is their a number gold reached that you would sell some? Like 4500 plus? At that price you could sell half your hold and the rest would be free.
I was just looking for a video I put out on this topic, but I can't find it. Did it about 2.5 to 3.5 years ago. I polled my IG audience what price would they sell their gold. Pretty shocking results, something like 70% of stackers were selling at $5k. There isn't a price per se, I'm more looking at gold's value in relation to other assets.
Hi Campbell, can you give some advice on how to do take advantage of the prices swings in PM stocks and do short term trade in a Roth IRA?
Holding and acquiring gold = position of wealth and strength.
Selling and lessening your hold of gold = position of weakness and inability to help yourself and/or others.
I've bought and sold gold on a minor basis.
Overall, I'll never sell my gold.
Great way of phrasing it!
Exciting update! The presence of Rose number [409] embodies the spirit of collaboration within our creative garden here at Cointales. Let's keep cultivating this shared space together! 🌹🌷🌼 Thank you for being a vital part of it! 😊💖
Good talk. 👍🇺🇸👍
😎
Lmao. Exactly, if everything goes right, ill never have to sell my precious metals 👍🏻
😎💯
never sell gold or platinium
🙏
Its been awhile 😮
Selling gold SUCKS. The premium you paid? Sorry, pal... The spot price? Good luck getting it. If I needed cash quick, I'd probably take some gold to a pawn shop. But I keep cash on hand so I don't wind up facing said scenario.Have a merry Christmas, CC!
Yep , some people get off on telling other people what to do , maybe they think it makes them look smart but more than likely it’s just the crack talking , yeah arse crack cause they are the real A holes 😂 . Good video , keep them coming 👍
😂
Why oh Why do the Tubers put out crazy stuff and push there wild views for videos…. And views… New to the channel and enjoy what I see … Stay Safe
Don't sell your hoard...borrow against it if you need cash...
Yeah, not until I’m forced to by an emergency. That’s why I have it!
Precisely!
Which coin is the one with bears on it ? Where can I get one?
Releasing a video on it soon. It's a good series.
@@CampbellsCoins ok perfect can’t wait to see it especially since I am from California too love these didn’t even know they existed!
@@albertniavarani2064 it’s a neat story too. Completely agree with you
Tell me if I'm wrong you only pay capital gains on the prophet you make after cost and fees
Capital gain is any gain over purchase price. No capital gain if sold for a loss.
Most people qualify for zero federal taxes on capital gains held for at least a year. Just buy and sell what you need to live, and you'll likely only owe State taxes.❤
lol. Youre funny. But I’ve ALWAYS WONDERED how he gets away it too. You’d think DISNEY would be ALL OVER HIM by now.
Same here! HBO too.
Bro, I don’t think I need to tell you that if you consider your gold as your insurance plan and some symbol of freedom.. you ain’t never gonna sell, and that’s fine, but most stacker RUclipsrs have a buy and hold attitude. Maybe you’re watching the wrong degenerates on RUclips, but perhaps selling at ATH isn’t such a bad idea, look a few days and gold got its haircut
I did sell ATH, just not my physical!
Make more videos 😡
Selling your physical gold is gay.
Trolls will be Trolls…