I appreciate that! It is a pain to drive in NYC with all the bike lanes, bus lanes and speed cameras now. It is an even bigger pain to find parking. I am very happy when I leave.
Great video Nick. I buy bars, coins and jewellery, but when I buy jewellery I buy it in Bangkok, Thailand usually just 23K or 24K gold necklaces that are about 2.5 troy ounces up to nearly 10 troy ounces per gold chain. The premiums my suppliers charge me for craftsmanship is usually cheaper than most premiums charged for coins and bars at the large bullion dealers in North America. Plus, Bangkok is a great place to visit.
Yes, people in Thailand wear gold jewelry like a bank account. It is high purity and the buy/sell spreads are low from what I've heard. I was in Bangkok back when the still had internet cafes. I definitely have to go back soon.
@@FinanciallyAware let me know if you plan a trip, I will meet you there. Im always looking for a reason to go there. I buy off of several suppliers depending what I am looking for, all are great value. You can even pick up silver while the price is what I consider greatly under valued.
Thank you. I don't think I'm going there this summer. I would not go all the way there to buy gold or silver since the price is worldwide. I would bring some silver coins along to see what they sell for in Thailand.
And the best return on your money, better than gold or silver, is paying off any credit card balance and always pay it off in full every month. If you can't do that, you have no business buying PMs.
In the last 2+ years, I bought several Ks ounces of Silver with the intention of selling when high and converting to Gold. Took advantage of the $30+, paid bills and converted roughly 2/3 of the proceeds into Gold... now waiting for Silver to drop and repeat the buying. That was my strategy all along.
That much silver takes up a lot of space. I will probably try to trade some silver for gold if silver has a spike up. In the 2011 runup the GSR was about 40.
A gold IRA is not the same as an ETF. You can take distributions in physical from the IRA. If you a4e a long term investor I think you should have a wide variety of silver. Different forms do better under different conditions. Spot price is pretty much made up by criminal bankers. I am waiting for true price discovery which is destined to eventually happen.
Great video ive started my gold coin collection made a purchase from the pure gold company and they offer a buy back guarantee irrespective for what they would offer me the money would have to go back into my bank account so if there was a crash you could not get the money unless you took it to a porn shop and they would offer a rusty nail for the coins
@@markmower1746 remember gold has been around for thousands of years. any investment can look good if you cherry pick the time. do you really think your timing is so good you will always know when to get in and out of gold? if so, you are a better investor than almost everyone else. go for it.
I have silver bars worth hundreds of dollars a ounce. And I see vintage silver selling for thousands of dollars a oz. It's called vintage poured silver
Really solid, professional vid right here. I'm down on Canal and Cortlandt Alley all the time- I'll see ya there....
Thank you. Maybe I'll see you next time I'm on Canal.
Thank you, Nick. Beside the great investment tips, I admire you for owning/driving a car in NYC.
I appreciate that! It is a pain to drive in NYC with all the bike lanes, bus lanes and speed cameras now. It is an even bigger pain to find parking. I am very happy when I leave.
@@FinanciallyAware I drove for 4 days in NYC while on vacation....never again! 😬😅
Great video Nick. I buy bars, coins and jewellery, but when I buy jewellery I buy it in Bangkok, Thailand usually just 23K or 24K gold necklaces that are about 2.5 troy ounces up to nearly 10 troy ounces per gold chain. The premiums my suppliers charge me for craftsmanship is usually cheaper than most premiums charged for coins and bars at the large bullion dealers in North America. Plus, Bangkok is a great place to visit.
Yes, people in Thailand wear gold jewelry like a bank account. It is high purity and the buy/sell spreads are low from what I've heard. I was in Bangkok back when the still had internet cafes. I definitely have to go back soon.
@@FinanciallyAware let me know if you plan a trip, I will meet you there. Im always looking for a reason to go there. I buy off of several suppliers depending what I am looking for, all are great value. You can even pick up silver while the price is what I consider greatly under valued.
Thank you. I don't think I'm going there this summer. I would not go all the way there to buy gold or silver since the price is worldwide. I would bring some silver coins along to see what they sell for in Thailand.
Having an emergency fund indeed reduces drama and stress. Thanks Nick! 👍
And the best return on your money, better than gold or silver, is paying off any credit card balance and always pay it off in full every month. If you can't do that, you have no business buying PMs.
In the last 2+ years, I bought several Ks ounces of Silver with the intention of selling when high and converting to Gold. Took advantage of the $30+, paid bills and converted roughly 2/3 of the proceeds into Gold... now waiting for Silver to drop and repeat the buying. That was my strategy all along.
That much silver takes up a lot of space. I will probably try to trade some silver for gold if silver has a spike up. In the 2011 runup the GSR was about 40.
My only suggestion I can give you is to never ever sell you silver and gold, but to borrow against it.
Informative! Thank you.
Glad it was helpful!
My only suggestion I can give you is to never ever sell you silver and gold, but to borrow against it.
Sage advice 🙂👍
I'm glad you liked it.
My only suggestion I can give you is to never ever sell you silver and gold, but to borrow against it.
Great advice
I'm glad you liked it.
Wow, so early Nick! 🤭
Thank you Robert. I'm glad you liked it.
Great.
I'm glad you liked it.
I'm like a crow. I see shiny, I want it. 😁
Even babies that know nothing about gold are mesmerized by it if you put a gold coin in their hand.
To be honest- never had the slightest problem selling gold to the right person. Never. Yes, the rip-offs are out there, but can be navigated...
Yeah, you have to take precautions, but it can be done.
Quickly becoming my favorite PM channel 👍🪙💰
Thank you.
My only suggestion I can give you is to never ever sell you silver and gold, but to borrow against it.
Your screwed buying it and screwed selling it . What's the point? Keep your cash. Like your videos.
If you can reduce the costs to 3-4% total, you are doing well. If that is still too much, buy the ETFs.
A gold IRA is not the same as an ETF. You can take distributions in physical from the IRA. If you a4e a long term investor I think you should have a wide variety of silver. Different forms do better under different conditions. Spot price is pretty much made up by criminal bankers. I am waiting for true price discovery which is destined to eventually happen.
Great video ive started my gold coin collection made a purchase from the pure gold company and they offer a buy back guarantee irrespective for what they would offer me the money would have to go back into my bank account so if there was a crash you could not get the money unless you took it to a porn shop and they would offer a rusty nail for the coins
Shop around. You do not have to sell it back to them unless you like the price.
"porn shop" lololol. We know what was on your mind at the time. 😈
Bad investment
How was that? Gold was just $1,800 6 months ago and now it's 2,300.
It may not have the best return, but it has no counterparty risk and helps people get some peace of mind. You should not put all your money it though.
@@markmower1746 remember gold has been around for thousands of years. any investment can look good if you cherry pick the time. do you really think your timing is so good you will always know when to get in and out of gold? if so, you are a better investor than almost everyone else. go for it.
@@FinanciallyAware it does not have the best return. did you notice the period?
@DrSchor I did a video about the return on gold and silver compared to stocks: ruclips.net/video/8GYWuHiGcNc/видео.html
I have silver bars worth hundreds of dollars a ounce. And I see vintage silver selling for thousands of dollars a oz. It's called vintage poured silver