American Gold Eagles vs All Other Gold Coins
HTML-код
- Опубликовано: 20 окт 2024
- I recommend American Gold Eagles a lot over any other gold coin. But I also buy other things, and the question of why I try to stick to AGEs comes up a lot. I'm going to give some reasons why I recommend Eagles but continue to buy other 24K and foreign gold coins as well.
Discord invite: / discord
NOTE: I am not a financial planner. I'm just a guy on the internet, talking about precious metals. Always do your own research before buying gold or silver.
🔔 SUBSCRIBE: ruclips.net/user/2...
✅ Follow on Instagram: / 2is1gold
✅ More info on gold coins: • 24k Gold or 22k Gold, ...
✅ Top tips for newcomers: • Prices Go Up, Prices G...
✅ Info on capsules: • The Best Coin Capsules...
32mm Direct-Fit Capsules
(Fit 1 oz American Gold Eagles, Gold American Buffalos, etc.)
amzn.to/38TpVE9
27mm Direct-Fit Capsules
(Fits 1/2 oz American Gold Eagles, etc.)
amzn.to/3nVpfCq
22mm Direct-Fit Capsules
(Fits 1/4 oz American Gold Eagles, etc.)
amzn.to/2LHteFN
As you say, Eagles and Buffalos are the best for USA residents.
Yep!
@@2is1gold being from Europe it literally doesn't matter which coin to buy
All modern well known bullion is fine
Just ordered my first gold coin thanks to watching your videos (which has me obsessed lol). I only bought a 1/4 Gold American Eagle to start with. Someday I plan to keep moving up the ladder and collect 1/2 and full ounce as well.
That’s a great coin. Maybe even the best for a first purchase. Cheers!
Love the channel. Been going thru all of them. Just started and feel late to the party but glad to be part of it.
Thank you! Appreciate you checking it out!
The world is a big place, 2, in Canada, AGE's are taxed whereas 999 gold is not, so AGE's are not very popular. The Buffalo, on the other hand, is my main bullion piece. Also, thanks to my coin shop connection, there is a myriad of 99999 possibilities.
Regional taxes and popularity would guide whatever I was buying wherever I lived. I’m sure Eagles make sense in a few other places as well, but I would never recommend them blind of where a person lives. Thanks!
That new Britannia is an insanely beautiful coin.
And the security features make it technically impressive as well. It's the new bar to clear for mints, in my opinion!
@@2is1gold I just put a order in for one of these 2021s on the dip. Wish the 10oz silver bar would reappear!
I brought a 2021 silver Britannia and it’s awesome !
Love them
buffalo is my favorite. the pure gold with the quality of the mint looks so good
Mine too. Cheers!
Canadian Maples are my go too Gold coins.
Hard to lose there! In the US, they trigger the dreaded 1099-B, though, if you sell 25.
Just ordered my first 2 1/4 AGE Thanks!
Nice!
You’ve convinced me! I picked up my first gold American eagle today. I really enjoy your channel, keep up the great work. I hope the color and reverse eagles grow on me, lol.
They're great. My first two coins were the Canadian Maple Leaf and the American Gold Eagle. I preferred the way the CML looked, but the AGE is the smarter choice here.
It's Gold 🔥! I like them all !
The Double Eagle was my 1st and will always hold a spot .
But there are some pretty dang beautiful Gold coin's out here now.
So i will take what i can get .
Typically, my budget is a 1/4 ozt.
So that is primarily what's in stock on the shelf is what I get .
💯 to your channel and I always try and listen to what you say to maybe help myself get to a better position in life for my wife & kid's to a better life and change the generational position.
Thx. 2is1 and 1 is none.
The 1oz American gold eagle is #1!! 👍
🥇
😁 maples for me, fractional with my snack bracket or poured fractional.
UK here, I agree, seem to be in a similar position, I''ve got some groups within my gold stack that could sell in 4 lots as I've picked up whatever was priced well at the time, Eg lots could be bars, sovereigns, quarter oz 24 carat, 10th oz 24 carat.
Had I had the choice locally to pick up only sovereigns though I would have done that being based in the UK. I think sovs in the UK are easily the most recognisable and also pretty low premium yet still easily divisible, whilst I like the slight variety I have I'd be happy with a tube of sovs of equal value, I do prefer the look of the 24 carat though to the 22,
Sovs and Britannias would keep me plenty happy there - you have great options!
Great discipline and lol 🤣 the no mingling with girls camp 😂 great start to the year!
Them's the rules! 😅
The longer I collect gold the more I like American Eagles. Aesthetically, I still prefer the Buffalo, but I like your consistent message of how easy it is to sell the Eagles. But the Eagles have grown on me. Love your old videos as well as the new ones! 😄 Have a good weekend!
Its funny you have partitioned stack categories. I have a fun collectors segment as well. Liquidity and piece continuity are definitely factors if your intention is to sell at some point down the road. My Buffalo's and Eagles are not for sale, not at any price. From my perspective, holding the physical wealth is more than half the fun. My stack will be imparted to my son eventually, albeit after he's received sound financial education from his father and mother.
🤜🤛
Here you go! Mr 1/2 oz lol ! 2021 might be good for me on 1/4 and 1/2 due to uncertainty situation.
The 1/2oz will probably get lost in the mail! 😅
I totally again, American eagles are the easiest to sell, .........that’s why I prefer to stack them.
In uk most people just buy sovereigns. Half and full sovereigns. It was popular to mount a sovereign on a gold chain as a necklace or a bracelet. The sovereign most common would be 1/4 ounce of gold. I honestly have never seen gold eagles or the buffalo gold coins. I’ve spent the last 50 plus years on and off looking at coins on my travels. Gold is normally out of the reach of most people. I recall Dubai airport though had a collection of gold coins and bars that previously I’d never seen before.
Silver commemorative coins from royal mint are more common in uk 🇬🇧.I have seen a few South African krugerrands but always small like the 10 ounce.
I enjoy your presentation on the gold coins. I love the look of those buffalo gold coins. In uk I honestly think it would always be easier to buy sell trade 1/4 ounce coins rather than the larger ones you have. That’s only my uneducated humble opinion. Great videos. Keep up the good work. Thanks. Greetings from Northern Ireland. 👍
I’d be buying Sovereigns (and Britannias) in the UK too! Cheers!
@@2is1gold do you think that sovereigns and Britannia’s are better to have rather than us Liberty and buffalo coins? Just wondering. I like the look of the buffalo coin. I have silver dollars / silver Liberty coins. I just like having a variety of coins. I like the sovereigns but I would love an odd gold buffalo. Just interested in your opinion. Thanks for the response.
If I lived in the UK, I’m not sure I’d purchase a Buffalo. The capital gains exemption for Royal Mint coins is a huge benefit.
For me, only AGE's are in my bullion stack. (1 tube of 1/10oz completed, and half way to finishing a tube of 1oz) - I will occasionally pick up other types of gold, but those are just for collecting/trading, etc...(or simply to look at for awhile before moving to something else)
When you have a tube goal, it's a lot easier to stay on track! Cheers!
Love the channel. Unfortunately only gold bullion (bars) are exempt from sales tax in my state. Dealers charge sales tax on gold eagles. Would love to start stacking eagles but I have not figured out a way to navigate the sales tax.
Im from DK. Pop coins here are a mix of both 22 an 24 ct. Philharmonics, Krugs, Maples, Australian/British coins
Huge premiums on Eagles/Buffalos
Need to get back into gold eagles! All around solid coin in my opinion!
I'm looking forward to the redesign. Time to modernize them!
Love the AGE's & Buffalo's. You guys are so lucky being able to get hold of them easily without getting ripped off too much. Here in UK we have limited availability and also LCE's are was rare as 'hens Teeth' !! Great Channel............... Keep up the good work!
You are a smart guy. I really like your channel 2is1. You make sense. Thank you
Thanks, Lucy! Happy New Year!
Gold at $1839 at the moment. This is why I'm not buying. Few days ago it was $1940 and now down a $100 in a blink of an eye. People buying in high to watch it drop by $100 in 3 or 4 days.
Yeah, hard to know what's going to hit the news these days. I made a video Monday night to basically say don't buy. By the time I published it Wednesday morning, prices were already coming down. That afternoon, they were going back up. Today, back down. Bad week to do anything at all, I guess.
Would you be a buyer if it had gone up $100?
@@someguyontheinternet7628 I'm not a buyer in this market. How hard is that to comprehend?
@@thinkforyourself9311 😂
I think it all depends on your location, where you live. If I lived in the United States, I'd say American Gold Eagles and Buffalo's are your best option. If you live in Canada, then Gold Maples are your best option. If you live elsewhere, then you will have other options. Ultimately, it's your personal choice, what floats your boat and what deals you get on different coins. I used to push Gold Maples on others being from Canada, but it's your personal choice what you invest in.
I don’t push, but since there are tangible differences in selling, I think people should hear about them. Cheers!
Nice drop today in the spot price and I just picked up a gold Mapleleaf at $1838+4.5% premium 👍
That's great!
Where
In 🇺🇸 so I looked around and chose American Gold Eagles because fractional choices and simplest choice. Pre-33 seemed to add a layer of complexity with numismatic angle. If I was in Canada, I’d probably be doing Maple Leafs.
Yeah, there aren't a lot of games in town for fractional! I'm with you on Maples too. If I lived a little further north, I'd buy CMLs all day. I'd probably also have a cool fur hat.
I have been waiting for this video!!!
Hey there! Welcome. 😄
Another great video, I have been wondering how to integrate paying with or accepting Gold/Platinum/Silver into my investment and/or business transactions. You mention a "Property Deal". Could you briefly explain or even do a video on potential ways to go about that? I own my own business and it is a Service/Installation based Security Company. I have a client that deals in PMs and we have made mutually beneficial arrangements in the past but I would love to scale that up along with Cryptos (via PayPal, Square, or even a wallet app). Thanks again, Joe
Hey, Joe! I've sold gold twice to cover part of the down payment on real estate. That second camp I mentioned is basically heavy on AGEs that I keep vaulted. If I need cash, that helps. I decimated that stack for a down payment recently.
Found 2021s in the LCS shop today! Eagles & Buffalos!
Wow, that’s great!
A very informative video. I like the comparison of different types of gold coins. In the past I had found myself looking, with the intention of buying a 1/4AGE and would get side tracked to the lesser priced .23 oz Brit sovereigns ....lawd, I had to pull myself to get back on track,
Those Sovereigns have a lot of positives, but when I sold Sovs and Roosters, the local dealers would only take a few at a time. They didn't give me what they were worth, and I had to go back and forth to get them sold. I'll stick to modern bullion now!
@@2is1gold interesting. I would almost think that the roosters (being somewhat liked in the goldbug community) that it would be ‘greeted’ more kindly at the lcs. 🙂
@@Eli-qr9hc I had dealers decline to buy the Roosters. The Sovs were a little easier.
So true I had a unplanned gold purchase today, my first of the year and if I would have waited a little while I could have saved a few bucks with the pullback.
The minute I saw that video address last night, I knew prices were dropping. Crazy swings this week!
Maples are definitely first choice up here. But I find most 24k coins sell equally well. The 22k coins don’t sell as well for us including your eagles. I do make exceptions thou for Sovereigns and Ducats. Sovereigns are so well known around the world. Usually no issues with those and ducats at 23k seem to have a niche as well. Just my 2 cents
Yeah, anyone who has sold before will probably have a feel for the market. Anyone unsure can just call some dealers. Cheers!
The AGE has one ounce of 24k gold and some silver & copper to boot but that's what makes the coin as a whole be 22k.
When I started, all my coins had to be different, I had a collector’s mindset and it happened to work out spectacular for me, however now I want to be a boring Stacker and get the same Au coins everytime fractional eagles and occasionally spice things up if I feel there is a must have collector coin. I still have a long horizon and I’m pretty savvy with e-commerce so it really doesn’t matter what I stack or collect.
The nice thing about having tubes of Eagles for a sale is that you can sell 60 as easily as you can sell 1. Cheers!
I actually have a preference for a harder texture, because of possible damage, so I would rather have an American Gold Eagle or a Krugerrand than one of those 24 karat coins. I'm more concerned about potential counterfeit, so I'd probably go for the new American Gold Eagle.
I'm definitely looking forward to the new Eagles!
I've already came across some counterfeit eagles with a missing reed on the right place, so that security feature doesn't seem to be discouraging counterfeiters too much :/
A few eagles, buffalos, and maybe a John Wick or Dragon coin from time to time. I like buying them both but try to stay focused on the bullion aspect of buying and not so much of the emotional aspect LOL I will definitely get tripped up with that if I don’t have a plan in place. Looking forward to my 1/2 oz AGE as well brotha!
Yeah, I hear ya. But skip the John Wick coin and get yourself a Microtech Troodon instead. 😄
I love the britannias and the Mexican coins. But lately, during the high cost of gold, I've been buying half ounces, and I've been doing pretty good. I've been getting half ounce of American gold eagles. I got 1 for 1340. That was kinda high, and then I got another American Eagle, 2024. First print and I got that for 13 0 5 last night. That was a heck of a steal. If you ask me $55 over spot for an American Eagle, first print.
I honestly thing the AE is beautiful!
A lot of people do. I think it's fine. 😄
Now, is the time to buy gold is at $1,844. as the post of this comment. I’m Silver Honda and I drive a blue Honda.
LOL 😂
@@2is1gold 🚙🚙🚙
We know blue honda! 💙🙋
@@goldcicvibefel9966 don’t you forget it 😎
@@SilverHonda0767 I had a Honda with 320,000 miles on it. It was almost all red.
Thanks for all the great videos. I have a lot of cash saved up and thought if spot dropped to around $1800 I would buy around $20000 on various gold coins. The new 1/2 ounce GAE you just bought can I ask if you bought it from an online dealer? If so do you just look for the best price? Thanks and keep the videos coming!
Yeah, I bought from SD Bullion. If you want to get a comparison on pricing, you can use this site: findbullionprices.com/ Good luck!
I've only ventured into a coin shop once recently after watching your videos and it was for a sale of some random ASEs I had sitting around. I asked them what kind of gold they buy most frequently and the answer was both the 1 oz. AGE and 1/10 oz. AGE. I was really surprised to hear the 1/10 over say the 1/4 or 1/2 oz. I wondered if demographics play into it---what people buy regionally---or just that particular shop dealing with what people are bringing in to that ACS. (Maybe that's the same thing.) From what I gather from watching your posts, I can take a 1 oz. AGE to any coin shop in the U.S. and they will probably buy it, but maybe or maybe not a 1/10 if the shop doesn't have a market for it...just curious.
There's always a market for 1/10oz as well. There's a market for any Eagle. I've heard lately that the 1/10 are more popular the last year or so here as well. They just don't show up very often. Cheers!
@@2is1gold Thanks for the response! Every day here is an education.
Can you make a video and share your opinion and knowledge gold mining stocks? I see many people recommending buying them and I have done some research but I am interested in your opionion.
Hey Walter, I have a video on the topic going up today. Thanks!
Eagles are great ,but that 2021 Britannia looks great also. Plan on one each 1 oz of the following - Eagle/Buffalo/Maple/Britannia. Fractional will be Eagles and Maples. Lot of talk about new gold highs, what if these are actually new gold lows.
I doubt it, but who knows?
Is it worth it to keep track of the cost basis of gold/ silver if buying on at regular intervals and only thinking of long term holding? I might go back through my receipts and track everything in an Excel Document but I'm not sure if it is worth the time. I get it for short-term flips however it makes a bit less sense for long-term holding. Still new to the buying of precious metals and wanted to know what the standard thought is on the matter...
The standard thought is that you should. But I don’t do it. 😄
Gold is gold. I'm not really fussy about this brand or that. Stacking gold is my game, I will buy whatever fancies me at the time. Resale is not a concern for me. Personally I like the older double eagles and the British sovereigns.
Yeah. Not sure I said it in this one or not, but if you truly aren't going to sell get what you like. There is the consideration that someone, somewhere will sell it, and I think about that too. Like, what would be easiest for my son to sell? Cheers!
@@2is1gold BOTTOM LINE, WHEN YOU DO SELL, GOLD DEALERS WILL BUY WHATEVER GOLD THEY CAN GET. THERE ARE NO EXCLUSIVE EAGLE DEALERS IN GOLD. NOT EVEN THE LARGEST DEALER, THE US MINT.
@@donaldinnewmexico true that. On occasion I have been able to buy foreign gold much cheaper.
@@donaldinnewmexico I have not had that experience locally at all. In non-frenzy buying seasons, local shops have been picky.
@@2is1gold THERE ARE MANY SMALL FRY THAT MUST CONSIDER THEIR INVENTORY AND FINANCES. THE BULLION DEALERS WILL ALWAYS BUY. THAT IS THEIR BUSINESS. I DON'T LIMIT MY CHOICES TO WHAT THE SMALL FRY BUY. YOUR SELL PLAN SHOULD NOT BE DEPENDANT ON SOME SMALL COIN DEALER. IT JUST DOESN'T MAKE SENSE. *TYU*
Yup Eagles 🦅 & Buffaloes 🐃 if you want some kind of return on premiums.
Some premium and no questions on the sale!
Hi! Thanks for another very informative video. And what about 20 gram gold bars vs 1 oz coins? I have noticed that the online premiums for those 2 prese tstions are very similar.
I definitely prefer coins over bars. They’re easier to sell.
@@2is1gold hello! I what if my intention is to keep them to preserve wealth?
Thanks for answering a nagging question on my mind, " is '2is1' still stimulating bitcoin?" Still just can't pull the trigger on gold and I stopped accumulating bitcoin sometime ago, 13k range, and everything just went way past my experience and comfort level so fast, feels crazy. Went out of my way this year to not have a solid plan other than stacking cash. I really appreciate your insights and experience. Thanks again.
Ha! Yes, still stimulating it! 😅
I stack other gold coins but mostly 1 ounce Eagles.
The tax exempt option and ease of sale are the number one reason.
One of My lcd’s begs to buy them.
They’re very liquid for sure.
For me in the UK,1oz Britannia's then for fractional the sovereigns rather than the 1/2oz 1/10 Brits and they are Capital gains Tax free. Great channel
Great options. I wish we had tax benefits you have in a few options!
Never understood the fascination with 24k gold. I guess they need pure to build a time machine with. Gold is gold.
It has a hypnotic affect. 😄
Buffs and maples are beautiful.... but, then again, so are age's and krugs🤣
Nice Brittania looks good
Thanks!
Great video!
Thanks!
1/2oz AGE is a winner. Good pickup. Its fine with me that the the crowd like the flashy or pesos gold....NOT me. Wealth can be boring and still rewarding
Very true!
I do prefer buffalos but eagles are very liquid like you say and a great buy . I've stopped stacking at the moment so I can give my crypto account my full attention. My end strategy is to increase my stack at the end of the year through Bitcoin ethereum ect . great content again .
I see your new avatar. That's definitely giving a good show these days!
All American for me! I do have a couple foreign gold coins. But I’ll stick to mostly American gold. The French rooster and the British sovereigns seem a lot harder to sell when compared to the American gold eagle or even maple leafs.
They were a lot harder for me, but I wasn't selling those in a hot cycle for gold. Probably easier at the moment.
I have a couple of ASE's and Buffalo's (which I love the design of) amongst other "non-UK" gold coins I own but have most in Britannia's, Full/Half Sovereigns and Queen's Beasts. Reason is that Capital Gains Tax does not apply to profits on UK legal tender - not that you would sell a 1oz Brit for it's £100 face value. Speaking of that, if I had to declare my total wealth for tax purposes or for 'confiscation' to pay for having to move into a residential care home (God forbid, though in my 70's), etc, those Britannia's can be valued at that £100 each by me and not (the current) £1430 or so.
For that reason, I would like to now sell some of my gold to replace with more UK legal tender coins. Trouble is, that current gold coin price is close to 50% more than my average price/oz paid so seems to make little sense, especially if tax is then payable.
(Edited)
Did you just watch Mike Maloney’s two-part series on BTC?
@@2is1gold Yes, sorry for my mixed up response to both his and your channel. Now corrected I hope.
@@EnlightenedPatriot1 no problem! That was a great couple of videos!
Would you consider making a more in-depth video about Bitcoin? I am doing research, but I want to hear it from you lol. It would be awesome to hear a 101/where to even begin type video. You mentioned your $250/mo. for Bitcoin and it got me thinking. Also - a couple months ago I noticed that you can buy gold cheaper on Apmex with Bitcoin, and weirdly, that's what got me considering buying it originally. Regardless, great video as always. - Missy
I can barely stand watching my old videos, but check this one out: ruclips.net/video/yA2vD0rXAik/видео.html
It's definitely due for a remake, but it does give the basic steps needed to start buying. Thanks!
@@2is1gold Awesome, thank you - I will check it out! :)
Great video brother ! simple keep it simple i want a roll of american gold eagles of all sizes thats why i am tackling the 1/10oz tube
I know you do! You have discipline! (Except for all that silver stuff! 😅)
@@2is1gold 😂🤣
I just got back from hitting a few shops and nobody wants to sell or has any stackable gold ( I saw a few ms70 eagles) not in my wheelhouse.
That's what I saw this week too!
I bought a 1 oz gold kangerroo a couple of days ago. I didn't get it yet .
Your first, or do you have some already?
Thanks
Eagles are like stocking the pantry with things people constantly buy and use, boring but necessary. It’s why my Proctor & Gamble stock does so well. Everyone has to brush their teeth and wipe their keisters. That sells no matter the economic climate.
Ha, agreed!
Great video
Thanks, Bob!
You know what the world needs
And could make for a good short video clarity on the difference between 22karat and 24 karat. People don’t fully understand the purity differences. Both arent 1oz of pure gold, one is diluted.
They’re both 1oz of gold. The Eagles weigh more in total weight. ruclips.net/video/6000btaaiQg/видео.html
I like the camps but was wondering if you subdivide even further, like eagles being your base, buffalo's being your quick 24k liquid options and francs for long term/burnable
Yes. I have some Eagles vaulted and almost think of them as cash savings. I have some Buffalos offsite as well. Cheers!
@@2is1gold I remember your video on 3 oz on hand and spread around, what's your thoughts on stacking gold like some do silver where their base is an eagle but they have stacks of bars or constitutional for the expressed purpose of dumping during cyclical spikes? Or is that too much work/still hard sells (ico eurogold)
With silver, 10oz bars were low premium and still easy to sell. I don’t know what the gold equivalent is. There are easier things to buy and sell in my opinion, though.
Do your feelings on the AGE over the Buffalo still stand today for the same reasons? Lots of well thought out discussion on this topic.
I finally have my first AGE but I am thinking of swapping it out for that beautiful purity of a 24k Buffalo.
I know they are the eye candy of choice on your current videos and I would love to hear anything you have to say on this now.
Any advantage to holding a Buffalo over an AGE?
I have never been turned down when I came into a shop to sell gold, it doesnt matter, if its a 24ct Maple, American Eagle, 100 Kronen Austria restrikes or generic gold bars.
Gold is gold. You will always get spot price minus 1-3% margin of the dealer for gold, everywhere you go in the entire world.
If someone wants to try buying your gold for much less than 3% under spot you are getting ripped off, but that would happen no matter what you bring him as he knows the moment the transaction is over he can sell it to the refinery for profit.
So yes, paying hefty premiums for American Gold Eagles is not justified!
Your talking about Perth mint lmao, my ass is looking at the 100 Corona dukat 🤣
Sir is it a good time now to buy gold please tell or hold for some time
Too hard to tell what's going to hit the news in the next few weeks. All I can tell you is that I bought at $1,850.
Like ‘em. Stack ‘em. Want ‘em. Can’t find ‘em. Crypto is growing on me though. Or is that, growing in me? Good stuff.
I think the computers are feeding subliminal messages to our lizard brains. BUY CRYPTO...
Eagles are OK, but I buy more Kangaroos, Maples and Britannias. Heaven forbid if we have to leave the US, a lot of countries force you to pay to bring in anything less than .9999 gold. Eagles are desirable in the US but have read they're considerably less popular than other coins globally. At the end of the day gold is gold.
If your game plan takes you outside the US, my recommendation for Eagles is moot. Cheers!
Yeah man!! 1 oz. American gold eagles rocks!!!
🦅🤘
I love American gold coins and what do you think about New American eagle redesign.
I'm looking forward to it!
I'm long term. But i will only buy 1/10 or 1/4 Eagles for a while.
Makes sense!
folks , only buy SWISS bars " Pamp 1 Oz lady F( Veriscan technology ) , it is like buying Swiss ROLEX watch....Much lower premium, extremely easy to sell at e-bay , very easy to liquid . and VERISCAN technology
The Veriscan functionality is definitely a nice feature.
Eagles all day! At the end of the day collect/stack what you like. I have been collecting currency seance I was a kid and now that I have one of my own I got back into gold. Something to pass down. That being said I have always loved walkers. And just found a 2016 1/2 Oz gold one. To start off my 2021.
I keep an eye out for that 2016 Walker too. Nice find!
I just picked up my first full ounce today! Gold maple (no buffalos available at local coin shops, nor any eagles). Tragically, it’s a 2007, so not beautiful radial lines. Must have been the adrenaline because I didn’t notice the small dent on the back - look like it was dropped. Rough! Was anxious to buy as I’m heading back to Washington DC on Tuesday. That 6% billion sales tax is rough!
Question: the local coin shops I called have been sold out of gold for days (found the maple at a new shop a bit further away). Often they tell me they got one in but sold it within the hour, and that everyone’s buying. If they’re consistently selling quickly, why don’t they mark up premium a bit? I’m an economist by trade so my recent foray into gold markets has been puzzling and fascinating!
I haven’t run into inventory issues like this week in a long time. That part could be legitimate. I don’t know what your timing is like, but it’ll calm back down. I see shops raise premiums now and then, but they’ll lose customers if they go too high. They’re competing with online dealers at this point, and most of their customers are probably repeat buyers and could be for years.
@@2is1gold That was my guess, the cost of irritating customers isn't worth it. Better to stick with a fixed premium they are familiar with than try to squeeze out a few more dollars when things are hot.
It does beg the question of why local coin shops don't instead fix their premiums in terms percentage points. Could be consumer psychology (rather pay $80 than 2%) or just tradition.
Those odd-ball markets where supply/demand curves don't quite work have always fascinated me. Behavioral economics!
I am still developing my 2021 plan. Gold is on the top of the list. My crypto of choice is litecoin... I will top off the budget menu with BDCs and REITs. Well, we will see...
BTC?
@@2is1gold I am a fan of bitcoin also.
Why would I covet 24 carrot gold when I collect so much junk silver? I own only Gold Eagles.
Can't lose!
Would be nice if more American youtubers started to talk more about other gold too. We live in a globalized world and technical equipment is cheaper and more available than ever meaning that it shouldn't be an issue to buy or sell gold coins for the gold content. It is like it's a self fulfilling prophecy!
Pretty much everywhere else dealers certainly want the rarer coins too and perhaps even more so than the standard run of the mill bullion. As an example older Australian Lunars my local dealer will pay a little more for and when they get one they'll resell at higher premiums as well. Would the Americans start being more interested and diversified in other bullion as well it could very well drive prices for the rarer editions up. Perhaps even increase the over all interest in stacking. Oh well no please don't. I'm not planning to sell my gold for the next 30 years so let it be as cheap as possible 😁
Not sure. I have some Series 1 and 2 Lunars. They're some of my favorites. Cheers!
Love those 🐃 ( that’s supposed to be a buffalo 😂)
🦬 😄
Been buyin super numis at incredibly low prices as everyone is focused on stacking.
That’s great!
GOOD DEAL CIC. *TYU*
I've been buying Exxon Mobil.
@@pudendajohnson1932 Probably good contrarian move as solar and wind production causes more pollution. Small safe highly enriched uranium plants are being built now. I wish I bought a small Uranium mining basket as the price is rising. Like you, I buy what everyone hates at the moment. Like Platinum. All the best 🐥♥️
You know I don’t buy numismatic coins but I passed on a few ms70’s eagles today that I may rethink about.
Theory11 decks and gold... a match made in heaven.
You're familiar with Theory11 then. They're fantastic!
@@2is1gold The Best!
Would you ever do a video where you take us along to a LCS???
The virus makes that difficult right now. Maybe in the future. Thanks!
What entity do you purchase your bitcoin through? How do you plan on “cashing it out”, when the time comes? I’ve been mulling it over and I am able to purchase a set amount each month.
I’m also considering a 1 ozt Buffalo or AGE every 3 months. That would fit my budget and goal.
I use Coinbase to purchase (on the exchange) and the Wallet app (also from Coinbase) to store. (I also have a cold wallet and store some on each.) When it’s time to sell, I transfer it back to the Coinbase Exchange, or just buy gold directly from one of the online dealers.
@@2is1gold thank you very much. I had heard about Coinbase. I set up an account there this afternoon and made a purchase. I need to set up the wallet and start making regular deposits. Hopefully it will be productive. I see where XRP is suspended. That was a crypto someone had previously told me they were buying. I had also considered using bitcoin to make gold purchases.
I like Eagles and Buffalos.
Same!
You just can’t beat the AGE.
Agree! Hope the little guy is better!
@@2is1gold He is. Thank you very much.
@@PistolPackingPilot great to hear!
Do you buy mining stocks? They’re a leveraged buy that are outperforming the underlying asset.
I have some seniors. I've been looking into juniors.
@@2is1gold I’d be delighted to share my watchlists with you offline, and not just with the metals. I just closed a 26% profit on a Bitcoin miner in under a week. But yeah, the right spread of Juniors is gonna do very well (gold and silver for different reasons) over the next 3-5 years, and they’re at bargain prices right now, if you know which ones to buy. Royalties, too ...
I wanna know too! I just have GDX
People freak out and say American buffalo are way better 🤷🏻♂️
What happen to the 1/4 oz AGE? Isit due to availability?
The premium has gone way up on any I can find.
Gold 🥇 is hammered down 👇 today.
About where I thought it would be today. I said 1,850 by Thursday, but then Wednesday happened! 💥
Question ? What if the US Mint switched the AGE to 24 karat .9999 and the AGB to 22 karat ? Game changer ?
I’d love that!
What is your thoughts on Platinum
I don’t think enough people think of it as money to put it in a similar category to gold. I can see a potential for increase in price, though. Cheers!
Yea it’s been a weird life 🤣😊
What are your thoughts on bitcoin? I would prefer a cryptocurrency backed by something like gold. I don't see any legitimate reason to buy bitcoin other than playing the momentum as a trade.
I like BTC as an investment. It’s just spitting out money right now.
@@2is1gold The fact that it's not backed by anything physical doesn't concern you? It's literally a house of cards.
It doesn’t concern me, but it’s not a safe haven type of asset to me.
My 2 local dealers have all sold out 1/10 1/4 1/2 eagles
Where do you buy your capsules for gold coins?
Google onfireguy
What Trace said. There's a link in the description to a video I did. In that video, the description has direct links. Cheers!