14 Years of Buying Gold and Silver - Here's What I've Learned
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- Опубликовано: 23 мар 2022
- Should you buy gold and silver? Is buying gold and silver an investment? It depends on how you define "investment". I'll tell you how it's gone for me after 14 years of buying.
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I buy gold and other assets on a dollar cost average schedule and then buy more as price and interest allow. If you want to know more about buying gold coins, that is my primary focus here. I talk a bit about cryptocurrency, mining stocks and other equities as well. Cheers!
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BRICS seeks to create a new currency, considering gold's historical role as a store of value and medium of exchange. However, the functionality and acceptance of a gold-backed currency in the current global financial system are uncertain. Creating a new currency requires careful consideration of economic, political, and logistical factors.
The discussions and proposals surrounding BRICS nations' potential use of gold are intriguing. People choose to buy gold for various reasons, such as its historical role as a store of value and medium of exchange, its potential as a hedge against inflation or currency devaluation, and its relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolios due to its low correlation with stocks and bonds.
It simply means the allocation of money toward an asset or portfolio, with the expectation of earning a return over time.
According to Patricia strain an expert, this can occur through appreciation in the price of the asset, earning interest, dividends or royalties.
Patricia Strain must be a great person, her strategies are top notch.
I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash I invested the money using an analyst, and in seven months, I raked in almost $673,000
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.
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.
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.
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?
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.
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.
I don’t buy metals for investment. I don’t buy metals for profit. I buy metals for insurance. Since 1992.
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Great comment!
Such weak mindset lol
@@david7384 troll much? or sarcasm?
Best explanation I've heard yet. Couldn't agree more.
I have always viewed gold and silver as a savings not an investment. Every time I make a purchase I think of it as moving my savings from cash to precious metals and never feel bad or think I made a bad choice in doing so
BG is both.
It has out performed the s&p 500 ,, i remember in the year 2000 when gold was $275 per ounce , now its just under $2000 an oz.. thats a 700% increase in value, i just don’t understand how people cannot grasp the concept of physical good being an investment lol its crazy to me
@@maxpainmedia because over the past 100 years it has averaged slightly worse than the s&p500 at 7.7% bull runs aside it’s much better to view as a savings that can keep you safer from inflation
@@braxtonbrock6430 look, the IRS or the FBI can effortlessly freeze your accounts, but gold they have to get it back in blood, call me old school but i feel more in control of my assets if theyre physical, Gold, Guns, Land.. you have to get that in blood
@@maxpainmedia Fair enough but if they wanted to get you they would
I needed to sell silver in the past due to an unexpected emergency. I basically broke even, so investment wise, I didn't really profit, but I still had a fallback. The money that I had originally spent would have likely gone to something else that wouldn't have retained value, if it were even still existing. Silver saved me.
Yeah, I like that extra selling friction. Keeps it around until you actually need it. Cheers!
@@2is1gold Amen. 🍻
You were better off buying a 80s chevy truck than gold. Nobody makes money with gold.
@@navajorezathlete1202 chevy, lol.
@@jarodcrazyindian right? Lol ...
I have never felt bad after purchasing gold or silver. The one thing I will say- never go “all in” on metals or let emotion take hold. Make it a long term thing and always have at least 6 months of cash for emergency expenses. Makes it much less stressful and more fun to stack.
@@edb3877 Great words brother! PM community is a fantastic one
Thank you for this. My heart wants me to go all in on gold but my brain says 50/50
@@srt8up4shot as long as you have 6 months of expenses saved in cash and you don’t have a lot of debt, buy as much as you want!
@@mikehawk4856 It sure is, Mike. Lots of great experience and info to be shared. This makes us
all better off, for sure.
Unless you start becoming obsessed with the different series like i am with the RCM Wildlife and birds of prey series and the 1.5 ounce series. I see them surface somewhere and i have to buy them.. then a couple days later different ones appear and i can't help but buy them too, while they are available. Can't just have one of each either, i have to have multiple. The bad thing about that is how attached i am to them. I keep trying to force myself to just buy tubes of rounds, but it's hard.
I bought my first metal last week, a 1 oz Britannia coin! I am 35. I didn't know about gold & silver until recently. Your channel informed me well. I will buy one more 1 oz gold coin this year. It's just glorified savings, that's all.
Fantastic. Cheers!
That's a great coin. Congrats.
Yup I’m new too. Doing the same as you just getting info. I think of it as savings as well. If I get silver or gold I don’t tend to spend it and it could even gain value
Britannias are a beautiful coin, congratulations 🙂
Exactly! It's just saving real money -- not an investment, not insurance, not speculation. Not too long ago, saving dollar bills was like having a check that you could cash at the bank for coins similar to that Britannia you just bought. That's why my cash savings are in gold and silver.
An important point to remember is that money spent on this is not wasted money. The fun of stacking keeps a lot of people from spending that money on other stuff like drinking which is a black hole your throwing money into
Agreed!
@@DrSchor its called life but ok hermit
@@GrizzlyJRofficial he is probably a bot lol
@@GrizzlyJRofficial lol “ok hermit”
either he was just joking and was just yanking your chain….or that guy lives with his Mommy at age 48 and his judgmental comments make him feel better 😆
“Its called Life” is exactly right….
i live in California SF Bay Area by some of the most expensive real estate in the world ….Life is ridiculously expensive
Even if you are someone living in a cardboard box on Government assistance you need like 100k/ year just to maintain your state of Homelessness 😂 lol ( Im joking obviously, but you get the point)
when I quit drinking, I started spending the alcohol money into silver. after 6 months I looked at my "alcohol stash" and couldn't believe how much I was drinking away. besides the money alcohol is the worst drug ever discovered. sobriety is amazing
I started investing in gold and silver because as you said to have an asset outside the banking system. I didn't do it to make money, I do it to save money that I hold and control.
I think that always makes sense. Cheers!
A valuable lesson for all nations in a sanction, confiscation, Western financial system.
Why such weak ambitions
All about insurance. It is the reason why the worlds richest families have 1/3 of their net worth in gold (Colonna family - 34 generations).
@@c.san.8751 Thats what I did, 1/3 of my investments are now in gold and silver.
I am new to your channel and you give great info. Thanks a lot. I am watching your videos and I am planning to start buying gold coins in the near future. Thank you.
Thanks for the note. Good luck!
The best intro to the topic, to the channel I've seen. Easy description of personal and objective views.
Well said. Its a hobby investment that can pay for itself and there are other hobbies that are alot worse than buying gold or silver coins. Like anything else, enjoy it and pass it unto your loved ones.
100%
Yeah like survival gear and emergency gear cuz I'm starting to go down that rabbithole
I don't see it as a hobby. I see it as a necessity. We're seeing the US purposely devalue the dollar, but silver and gold will retain its value. It's always been valuable since the beginning of time. It's a smart investment for what's to come unfortunately.
I buy silver jewelry. It looks nice and I'm keeping the whole lot for my daughter
100% - glad I found this channel - you think about this exactly like I do and our story is pretty much the same (I started in 2009) - my stack is 75/25 silver/Gold - mostly Canadian maples but have about 90 oz of junk silver too. I do see metals as a bit of insurance but my plans is to liquidate 1/5 of my stack each your in my first 5 years of retirement for holidays. Depending on the price, it could be a trip to the lake or a luxury cruise but I know I will have 5 nice holidays from 60-65yrs of age. My wife does not even know I have the 6 digit (in todays value) of bullion savings. I have only used my employment expense refunds ( I travel a lot) to buy metals and got a few gold maples from my dad when he passed.... Thanks for the great video
I never viewed metals as an investment, but I always saw it as a great way to save your cash & retain the value from when you bought it. It’s not hard to turn it to liquid cash, and it beats letting inflation destroy your savings.
@@DrSchor I would never trust the government with ANY of my money.
the government crashes and now you are broke. @@DrSchor
@@DrSchor lmao. Bonds are more secure. L O L.
and when the fkn $$$ crashes and the government defaults? know what happens then?
you'll be bankrupt and I'll be sitting here with a stack of metals I can take to canada and get shit I need. lol
What if there is a flood how do you hold on to gold and silver?
@@LukeVincent-xt4dz Gold & silver will survive a flood. Make sure you keep it on your emergency backpack with all the most essential items for you to start your life over again.
Completely new here, been on the fence vacillating between starting, and researching. Based on the video, and the comments is highly apparent that making this move or transfer of our “dollars“ (unit of measurement) to a physical metal makes sense. Huge thank you to you and the folks that have been commenting here. I know what I Gotta do now.
You're one of the most sensible content providers on the subject of precious metals, in my opinion. I think that is an important stance to take, especially right now as new and influential "investors" enter the arena. We have enough pumpers, it's good to have a voice of reason. 👍🏻
Thanks, Razza!
How can someone who have 5-10 oz could be a pumper?
@@MarcoIdolo pumpers being some of the other content providers, not the new investors/listeners.
I agree with you 100%. You Sir, are a very realistic well-rounded Individual. Excellent topic. Please continue!
Thanks!
Finally someone that is truthful and understanding about this. Props to you brother. I always have a hard time telling people why I buy gold. Hard to explain. You did a fantastic job!
Thank you!
Been purchasing for 5 years and I'm relatively young. I don't think of it was investments, more of a physical hedge. Have about 10k in gold and silver, and compared to the cost I bought at it's appreciated more than I expected.
Nice!
did you just focus on whatever was cheapest like rounds, or did you get into the different series out there? That is my current fixation right now. I recently got the Eastern Caribbean 8 series, and almost have the entire wildlife and birds of prey series from RCM. Love the Royal Canadian Mint coin series!
@@dive2drive314 Why didn't you just by barrels?
@@dive2drive314 stay away from collectibles, unless of course you enjoy it as a hobby. My goal 3 years ago was to have some from every mint in the world. Makes me happy. I get it out and hold it from time to time knowing it had to be dug out of the ground by all different peoples around the world. The time and energy it took to create all these wonderful pieces of art. It reminds me of man’s history and what is considered as valuable enough to create it into fruition is inherently what makes it so valuable throughout all the history of mankind. When you own it and hold it. You are literally holding living history! You are holding something your ancestors throughout time lived and died for to pay the bills and buy what they wanted/needed to survive. It connects you to the past. Just by having it, you become part of that legacy. Totally worth it!
he bought? dump it
Late to this video, but being new to “investing” in precious metals. It was very nice to hear such a practical perspective.
Spoke with a bullion dealer and he said when 2011 boomed with silver, it did not matter if it was an eagle or generic. Dealers paid about the same-they just wanted silver whatever it was.
The way you tackle this issue is phenomenal! Kudos for not adding fuel to the "Hype Train" Fire.
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I just found ur channel. I don't know much about Gold & Silver. Looking into it now. I'm hoping to see & learn more here. 🙏🏽
Very interesting background, thanks for sharing. I have been at it for a few more years than you and have been following a very similar path give or take. Zero regrets with any of my metal history!
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Been buying gold for about 4 to 5 years now and it's come in really helpful when I've needed any extra cash. Like a safety net.
That’s exactly what it is. And it’s intended purpose.
Super interesting. Thank you.
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Ive been very curious about getting into purchasing metals as like you said, an investment or saving or an asset - All of the Above. Your video certainly gave me some good insight and gave me some clarity. I feel a lot more confident in moving forward with getting my hand in the cookie jar of metals. Thanks a ton.
My brother I appreciate your honesty and transparency. Blessings!!
Thanks!
After a horrendous 2022, shell-stunned financial backers have misfortunes to recover and a lot to consider, as an expansion report and a pile of different information did close to nothing to change assumptions that the Central bank would probably keep climbing intrest rates regardless of whether the economy dials back, And that implies more red ink for portfolios for the principal quarter of year 2023. How might I benefit from the ongoing unstable market, I'm currently at a junction choosing if to exchange my $250k security/stock portfolio.
Center around two key targets. In the first place, remain safeguarded by realizing when to offer stocks to cut misfortunes and catch benefits. Second, get ready to benefit when the market turns around.I suggest you look for the direction a representative or monetary consultant.
@Drago250 Could you please leave your investment advisor details here? I need it urgently.
@Dragon Jee Much appreciated, I gazed her upward on the web and was profoundly dazzled by her qualifications; I reached out to her since I really want all the assist I with canning get. I just set up a call.
Your comments sound like a conversation I had at my LCS recently.
I don’t ever feel like I have to buy, or I need to buy. But I can’t shake the idea that I would like to have a little more.
It's a constant low level buzzing sensation for me at this point. 😄
Awesome video, I appreciate you showing your Metals slowly, their beautiful.
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I started buying gold and silver one year ago. My first purchase was a Silver Eagle and 1 gram Pamp Swiss bar. I now have over 11 oz of gold and 40 oz of silver. I just ordered 2 more Silver Eagles today, keep my stack growing!
Nice work!
Where do you buy them from?
@@trojan7933 jm Bullion, apmex, sd Bullion, ebay
Where do you live?
@@sj1260 that's hilarious
I love it, reasonable and sane presentation with good solid advise. Thank you.
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My savings account gets 0.5% interest and that's as good as I've been able to find. With inflation hitting 5%+ this year I'll gladly take a flier on metals. I'm thinking of it as a more fun and interesting savings method. There's something about holding a coin in your hand that's more comforting compared to seeing digits on a computer screen.
Agreed!
And to think digits can be wiped out with a few keystrokes
I'm considering starting to buy gold and silver as well for similar reasons. Another reason is that there's a psychological and practical barrier to spending the money on a whim, which would be useful for me personally. Trying to save inflationary fiat money as numbers on a screen is basically combining a whole lot of psychological incentives that push people towards spending.
More like 20 percent
Real inflation rate is 30% bro...
After many hype channels I've watched, this is a very level headed, down to earth view on stacking precious metals.
Thanks! 🤜🤛
Very good points on the appropriate approach to precious metals 👍
Brand new to it,.. as of about a month ago. In my early 40's and looking to jump in on something that I feel very behind on.
I appreciate the long view perspective. It's so different now with social media as well and the community of metals enthusiasts that has really taken off.
Still young. You have 50 plus potential years of investing
Appreciate the vid and insights. I recently just started investing in physical gold/silver, and I too made the decision to only buy American eagles. Glad to see that was a wise decision from your experience.
You made a good choice. Cheers!
Very well done young man ;)
I appreciate you sharing your unbiased views on the subject...this was real 😎
Appreciate you sharing your honest feedback on precious metals compared to other assets and investments.
Just started about six weeks ago. I've got 3x 1oz silver coins and 1x quarter sovereign. On a low budget but at the moment just buying when I can. Loving it.....
That's great!
As far as I’m concerned, my collection is the only vice I have that I don’t feel bad about. Was it worth it? I say yes, no regrets-
Same. NO REGERTS
@@mariofloresmx Even with premiums silver is EXTREMELY undervalued
@@mariofloresmx Yes, premiums have gone up a lot recently but for those who bought silver years
ago and have an all-in cost of $17 or $18 an oz., they are not feeling any pain over the prices they paid.
Exactly
right on, keep it up, same here, wish I bought more thus far, wish I could have saved all that money from childhood, and more wishes, but I do what I can
Thank you! Definitely something to think about NOW a year later!
Thank you for all of your information your my favourite precious metals creator. Knowledgeable and keep it simple!
I really appreciate your down to earth approach to owning precious metals.
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I just absolutely love that your channel is so realistic about expectations on metals. So many people just either rag on metals as pointless or rave about them as the solution to every problem.
Thanks, Caleb!
Thank you for this story. Gives me motivation, and hope. Appreciate the video.
Personal experiences are the most valuable. Thank you.
Thanks for watching!
When stacking becomes a hobby it’s a great investment. Compared to other things that cost and lose you money that makes it a lot more of a high roi activity than most other things and this is something rarely considered.
For me, my silver investment is 10% of my total investment. Passive investing’s goal is to build wealth gradually. Also known as a buy-and-hold strategy, passive investing means buying an asset to own it long-term. In 2003 silver was $5 and in 2023 it is $22.
For all the silver doubters out there who haven't seen much movement in silver for the last 10 yrs, they forget or don't know that silver was a dollar an oz for a long time. So from a dollar to twenty dollars, there's really no ceiling to how high silver can go. Maybe in the next ten/twenty yrs it can go to a hundred, time will tell.
Regardless of the silver bashing clowns these videos always get, you literally cannot lose in silver unless you do something stupid like sell on the dip.
If the price falls, buy more...bring your per oz average down.
if the price blows up, trade off for a metal that is about the same. Gold or Platinum, most likely.
Greetings.
A very interesting video.
Thank you so much for sharing your knowledge and experience!
Thanks for watching!
Pretty much mirrors my exact experience.
Great overview
I bought my first quarter ounce philharmonic when it was only 55 bucks. Man do I miss those days. I'm 52 now. Bought my first silver one ounce round when silver was 4 bucks an ounce. Those were the days!!
Love your videos!! You have a very sensible approach to precious metals. I’d love to hear your take on old US fractional gold coins. Do you see them as being more insulated from fluctuations in spot do to there collector value or do you prefer to stay away from them? Thanks
I only have a few ($5 Indian Head Half Eagles) and their price has definitely taken off. It’s hard to say if that will hold, but right now your observation is proving true. They’re expensive regardless of where spot is. Cheers!
Thank you for this video. I watched it some months ago and I have been thinking about it planning to come back to comment.
So here is my two cents : Investment is what we decide is one e.g this can be our kids education (if we decide to have them it obviously carries an obligation) this can be time for ourselves (not much point being just another cardiac statistic) or having a hobby which might as well be some reasonable but affordable gold coin collections.
Using the title as a guide I looked up historical prices for gold over various 14 year periods and read a number of comments by viewers with two in particular standing out . One stating that they buy and forget while another was asking you to estimate how much growth could be expected over time.
In my opinion both comments were valuable in their own right The first was good advice because in order for wealth growth to occur it is absolutely essential to have no emotional attachment and by doing this with gold coin collecting the pleasure remains with having a growing and interesting collection. This can actually be a a lot less risky pastime than many others I can think of. The second comment also complements the first and I will try to explain how.
Gold value is, for good or bad, is measured against the USA dollar and historical prices dating back over 200 years can easily be found online. The fourteen year period which saw a massive price increase is mid 60,s to very early 80's which a saw the price per ounce grow twenty fold. The biggest reasons for this are two. That period in time witnessed massive inflation and the USD stopped using the Gold standard.
To keep this easy to understand it is best to bear on mind that the period of massive inflation meant that USD (a strong currency) purchased an awful lot less every month meaning more and more were needed to buy items except for electronics which have their own specific price economics. The other apparent exceptions to the rule were food, clothing and labour. These three did rose but not as much , why? Ass production of clothing , changes in food supply chain coupled with lowering of standards as well as increased importing from poorer third world countries.vAt the same time labour in the USA soon to be followed by most of the west did not increase as fast as other prices. This was because of increase efficiencies but also because unions were made more powerless and increased participation in labour force by married women. So many household switched from one income to two incomes.
People did not generally notice at first that the premium paid for their labour actually reduced but nowadays it is quite clear as a double income has also been eroded.
One last thing to note is that the USD seemed to not lose as much as it could have , the answer is simple, interest rates were very high during hyper inflation and we can see the start of this now. However please bear mind that the punt of USD nd other strong currencies are extreme multiples of what they were over the last fifty years.
Of course this could be analysed more but it is better to keep it understandable. There are numerous experts who obfuscate facts.
The best way is to not use a currency as the measurement of Golda value. It sply does not work like that.
Happy collecting everyone and I hope this is of some help. 🙂🙋
Awesome video but I couldn't stop looking at those beautiful leatherbound books lol love both collections you've got going
Just found your channel with this video. I haven’t even finished it yet, but I feel confident saying that this is the most sensible, realistic take on precious metals that I’ve seen to date. Literally every other channel I’ve found, in over a year, is emotion/fear/apocalypse-based. Of course there’s a place for metals. I like metals. But they don’t serve the same purpose as either growth or income investments.
However, they DO offer better potential for growth than cash sitting in savings, which, as we know, earns far, far less than the rate of inflation.
Thanks for the note. Good to have you here. 🤜🤛
Agree. That was well thought out and the most articulated explanation on investing in precious metals. It is exactly why i invest in metals and i myself invest in real estates, rrsp, resp for my kids education and whatever else that makes sense at the time. I even started in buying certain porsche cars that have hit the bottom of the depreciation curve. Bought some models, drove em and sold them for a good profit during these pandemic era. Infact, recently i went back to metals due to economic uncertainties. Well done 21. Just earned a subscriber in me. 🙌🏼
@@DrSchor silly goose?- thats not nice kiddo- I personally bought gold for 1.000.00 a ounce- even in this climate- I have nearly doubled my PM net worth.
coming here for some more info before i commit to buying my first gold oz!
Good luck. Wednesday’s Fed meeting will have a big impact on price.
Great video 👍, nice summary of your experience in the metals, nice to hear other's stories of this.
Thanks!
I started few years later than you matte, but it working hard for us we know that. Keep it up I am on it!
Started in 1972 bought gold at I think it was $45.00 a ounce and silver at $ 1.75 it's been so long ago... I remember Nixon announced in the summer of 71 we were going off the gold standard... The crook said it was temporary... Like the song said I have a bad feeling about what he did. I talk to the old timers they said buy some gold for insurance I did over the years it help me for two divorces...and college for my daughter, I have mostly silver now what leftover 2.000 ounces silver I can ride this out... Tricky Dick started this mess we have monopoly fiat currency now.
Families could afford houses back then?? Different world.
Tricky Dick started this mess in 1972? It wasn't Tricky Dick but Gimpy Roosevelt 1933.
@@raymondfrye5017it wasn't even him, those are just the puppets. The organization behind them was the one that set in place the plan to seize and control gold globally
maybe you shouldnt get married anymore ?
I started late but I have been stacking for 3 years I have 8 ounces gold and 4 kilo silver so I think I am doing ok for 65 year old
lol I'm 30 and bought my first Silver Eagle early last month. I now have 40oz of silver and want to cap my holding at 50oz. lol
Better late than never 😜
Why do people buy coins instead of just one oz of gold itself?
@@thetruedealio8792 I have one ounce and fractional coins for convenience
@@mikespence4722 I am curious. Why are you buying coins, and not just purchasing an ounce of gold? I think they call it gold bullion by weight. I am just starting out and want to know the benefits of each. I am not really going to buy gold to look at the coin itself. I would be buying it as a savings to keep up with inflation or maybe surpass it
The way you broke down what the word investment means to you is the right way to think. I "invest" in watches also. Many collectors always mention its not an investment if you never sell it. I might not. I may want my kids to have them or have it to lean on in hard times. Either way. Gotta buy smart to make it worth the while, and that's the fun part
I like your video and advice. No bullshit and just pure advice and what worked for you
Thanks, Paul!
I’m glad you continue to educate with a “Sane and Reasonable“ approach to 😂Investing 😂 (oops) in precious metals!
I first started my journey in 2000 and luckily started with a dealer that encouraged regimented purchases on available
Funds after the food, clothes, housing, IRA/401K, etc…………..purchase over time and cost averaging rather than trying to time the big swings! Oh Yes; There’s Something About Holding Gold in Your Hand 🖐…………….lol, now I regress😳😂
Thanks Again for your channel and I look forward to more of your commentary!
Thanks, Greg!
Greetings from Poland.
In the 2nd week of March, gold came near ATH value in USD. But since we have war in neighboring Ukraine, gold price in our local Polish currency was reaching a new ATH every few days! Recent days it has dropped a little, but still it is about 1/7 above the previous ATH from 2020.
So the closer to war area, the more shines the gold.
Interesting, I bought gold since 1987 every time I could, I never needed to sell it since then. Now I am in my 70ties and perhaps I need to sell in the coming 10 years, but it is available and that is good for lower stress. in life.
When I seen that gold commercial bare metals the first thing I thought was you and marketing now you got my mind going
Nice video as always. Thanks for sharing your thoughts and views.
Thank you!
You called the $1920 floor on gold. Looking forward to your next conjecture whether overt or veiled.
Broken clock! 😄
Got in at $1350 gold and $15 silver. It's been 4 years.
Purchase power, major emergencies and universal value are my reasons for owning.
Wanted to crunch some math. Gold has gone up about 50% since your purchase. There was about 11 trillion U.S. dollars in circulation. There are now over 20 trillion. Meaning that the M2 expansion of fiat currency is up approximately 100% but your gold is only up 50%. In other words, the amount of money in circulation has gone up nearly 100% but your wealth has only gone up 50%. You've still lost 50% purchasing power.
Silver is only up to $22 today meaning that the return on silver has been even worse.
Just an honest question, I'm really not trying to make any points here. But do you think the loss of purchasing power still justifies the purchase of gold, especially since the monetary premium on gold for most people is 40-60%? It seems like you're down significantly on your value protected. Because silver has transitioned into an industrial commodity and is no longer considered money since it can be produced at will when the price goes up, do you still want to hold your silver?
Thats good! I crunched the numbers above as if you purchased at spot price so that math still checks out. When we purchased gold we bought at scrap instead of spot price.
How do you personally feel about that math and logic? Again im genuinely curious I dont have any point to prove
@Joe-no7gs
Great video and very nice gold stack you have there!
I just got into the PM market 2 years ago, started off buying tubes of silver rounds and silver maples, and then became fascinated with all the different world coins and series like EC8 and RCM wildlife series. Now its become a collection more than a savings. 😞
Im just about to get some great horned owl and woodland bison coins to (almost) complete the wildlife and birds of prey series. They are rare to come across these days, or at least without a crazy premium attached to the price.
nice collection..whilst I have not quite got the returns from my stack that I had hoped ..my stack is money I would had otherwise spent...so for 10 years I have saved...All good...
Love seeing a fellow stacker talk about other investments. I see too many who "don't trust" these other investments like the market or crypto. Gold and silver will not compound like other investments, but they have their place. I plan on holding about 5% of my net worth in gold/silver (only when looking at crypto/equities and not including home in net worth). It's a fun hobby that has value and has "some" potential to grow.
Thanks for your insight, it's very much appreciated. I'm new to the "investment" world so I'm still exploring options (gold, stocks, bonds and real-estate). Unfortunately for me, it took an economic crisis to start thinking about "investments". I hope anyone seeing this will start thinking and researching ASAP.
If you don't hold it, it's not yours. Only phisical metal is yours. Paper is no substitute
always enjoy your music selections! (and commentary lol)
Thanks!
Really enjoyed this thanks, subscribed and look forward to seeing what else you have in your channel.
Thanks!
Told my wife our precious metals are also there to cover the property taxes if the worst were to happen. We’re debt free so having that backup is peace of mind just in case. Once she heard that she’s been hooked on surfing the metal sites with me. She’s always excited when she sees a fair premium.
What a babe
I look at it as the only thing Goldman Sachs can not steal from me.
Nice! Well the price has just gone up and up long term!
Thank you for the information and high quality videos!
I am very interested in technical analysis, I do think it does work . What I am seeing in the charts are big corrections down for both gold and silver, after that the only way will be up, with both gold and silver well past new highs.
@@nickyroks6092 Thanks, for your comment, greedy?, for me it is about being in a good place when the system of ever growing number of fiat currency units finally hits the rocks, as it surely must do. Now, the moment of truth is at hand, so for me, it is gold down to about $1640, silver no lower than $17. then both to turn, gold to a new high, well before year end, the USD? Peter Schiff thinks it is going down for the count, who am I to argue? If this does not happen, then I will have got something very badly wrong!
You've been very wise with your "investments" and hedge! Congratulations sir.
Hey thanks, Sal! 🤜🤛
Your video was surprisingly helpful! Thank you!
38 years this year in metals.
I dont regret a thing. Never lost a dime. Always come out ahead. And i have fun doing it.
The fun part is good. I love looking at gold coins. But as an investment? 38 years the rate of compounding return on gold is about 5% ...yup that's it. From $320 38 years ago to $2,043 now..... a whopping 5%.
@uy1000 Then youre doing it wrong. lol.
gold isnt the 'investment' metal. IF you had educated yourself, youd know that. The other white metals are the ones that are volatile enough over time to actually make money and come out ahead.
My rhodium was bought at under $1k. It went to 26K...you do the math.
I always come out ahead in METALS. Maybe read next time instead of inserting 'gold' into what has been said.
@@user-ei7ku3zu4x
Fair enough. ...well done too I must say!
I used to trade gold futures and options on the COMEX in NY back in the olden days...lol ...I was a full NY Cotton Ex member on the same trading floor.
@@user-ei7ku3zu4x
Fair enough... and you've done well! ( I used to trade gold and silver on the COMEX in the olden days...lol)
The price of gold, for me, is what the price of money is. Gold always leads IMHO. What's weird is explaining it is rather difficult, yet it makes complete sense. It's not an investment in the traditional sense, but because of that, it paradoxically is because of it's hedging ability, etc. I look at gold as savings, at the very least. Rather than holding savings in cash, I hold in gold (and silver).
I always think of it as investing in the future as I'm buying it and look at what I have as savings. I'm making too much out of the words, but I always get challenged about word choice in the comments. 😄
@@2is1gold Technically it's both if you make gains, right? You go in as savings, but unlike MOST savings accounts you actually earn over time lol.
I’m just Starting and taking Notes thanks for the Review
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Love your message here. And very pretty follection! When i became interested i purchased about $600 of gold and $100 of silver. Because my money was in, my mind paid attention and i clicked around to hear opinions. It was kind of like a small tuition for my attention :) i havent gotten more but even now it can catch my passing interest to reflect on how to proceed
Gold is a pretty cool and sexy savings account. I bought a stack of 8 one ounce coins back in 2014 to stuff into my existing coin collection. In 2018 I was in bad financial shape. Sold those panda and maple leaf coins when I was in a real bind. I can't tell you how good it felt to have that safety net to fall back on. It really helped.
For sure. Having it when you need is huge. Cheers!
Where'd you sell at?
@@subzero-ws7wt Coin show in Florida. I did get close to spot. About $15-$20 under.
Cost-averaging seems like a good way to go. Just like other investments. I just allocate a certain percentage of my monthly income towards this and I can save up for the tubes or gold coins that way.
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Hi thank you for sharing valuable information!!!
Where do you recommend to buy gold?
thanks
Goodshit. I been thinking bout this for a while thanks for the knowledge 🙏
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The wife and I started buying silver Christmas rounds years ago as stocking stuffers for kids, nephews/nieces and family. Along the way I’d occasionally find an interesting round I just had to have. Last week I found a Republic of Armenia 1oz silver round and bought it!
I don’t have a lot of silver and gold, but it’s fun looking for the unusual designs.
What are the tax implications when you sell? Do you need to save receipts ?
just looking into it... thanks a bunch.. it put a lot into perspective
Thanx for the video! I started circa 2008 when the financial world seemed on the edge, I'm in the group that believes nobody ain't fixed nuttin yet. Accordingly, I believe a reset due to all the debt (federal, state, corporate and personal) globally will still have a day of reckoning. Slowly I too purchased both silver and gold and believe it's been the right decision I've ever made.
Great video. We seem to have taken a similar path. I would say that when I was buying properties, the bank did not take into consideration my gold or silver. They wanted to know what cash and investments/other assets I had, but would not even consider the metals. Rental properties are great income producing assets if you do your due diligence and buy right. But if I had saved all in metals it would have been a huge headache to liquidate into cash. And there was the added risk of having to sell the metals at a loss. So I would agree metals are a great way to save, but maybe not for bigger goals. I will mention I am in Canada, so maybe elsewhere metals can be used as an asset against a property, but not here.
My goal is to budget such that I never 'have' to sell them. Obviously I can't see the future so anything is possible, but I've heard stories of guys having to liquidate their stack and taking some serious losses.
Especially short term when you consider premiums plus price dips, you can lose a lot fast
@@AP-qu2li I agree. I don’t want to sell unless I have to, or a better financial opportunity arises. I would love to pass on all my wealth to my kids.
The fact that the bank doesn't consider it, is your added plus here. The bank doesn't consider a number of assets, but looking at it from a different perspective, your metals are 100% privately owned. The bank, government, friends or whomever do not know you own metals. Many states have an inheritance tax from 10-40% and higher. Guess what.. Not on your metals holdings. Its a totally different way of preserving wealth with its own benefits. Someone who bought 15 ounces of gold in 2003 @ $4500 sells it today @over 27,000. They can use that as their down payment on their first piece of real-estate. By all means, buy the rentals for sure too!
@@billyburrowiii8398 a very good point I did not consider.
The best time to buy silver and gold is when it is not being hyped/talked about. I am a numismatist (coin collector) and enjoy collecting (type coins and classic commemoratives).
Gold: I recommend British Sovereigns (about 1/4 ounce, low premiums, and a beautiful coin. The British Secret Service would sew them into their belts to be used in emergencies since gold is recognized world wide). Buy from a reputable coin dealer (Abbott’s Coins here in metro-Detroit is great).
Very interesting video. Although personally 100% in equities, understanding how holders of other assets classes think brings useful perspective. And surely the mental peacefulness that a collection of gold and silver brings should not be underestimated; no such peacefulness with equities!
would you suggest buying silver bars or rounds/coins? I am a beginner looking to buy my first silver bullion
I have thought about buying metals for some time but it seems that cashing out is difficult part of the process i.e. where to go to turn gold in to cash without being taken advantage of.
Stay away from cash for cold type places. I had one of those try to tell me the gold was fake, then "oh, I had the machine on the wrong setting". Next, he offered 50% of spot for gold bullion. Reputable dealers are great though.