Buying Gold and Silver For Beginners [How To]
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- Опубликовано: 22 июл 2024
- A quick beginner's guide to buying gold, silver and platinum. Not just buying but storage and security options as well. This video doesn't cover every aspect but enough to get started.
My LCS: Avenue Coin Inc
Instagram: / avenuecoininc
Royal Coins Houston:
Instagram: / royalcoinshouston
I stack silver and gold to hedge against our debt-fueled, fiat currency-based economy that I am convinced is in severe trouble. Consider stacking silver and gold yourself to help you build and preserve wealth. And thank you for watching Campbell’s Coins!
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Capsules for Gold Maples and Britannias: amzn.to/3tO7Dzh
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Topics Discussed: buying gold and silver for beginners, buying gold and silver, how to buy gold, how to buy silver, silver, gold, guide to buying gold and silver, how to invest in gold, how to invest in silver, investing in gold, investing in silver, how to buy precious metals, how to invest in precious metals, gold investing for beginners, silver investing for beginners, investing in precious metals, physical gold, physical silver, gold storage, silver storage, must watch, buying gold, safes, beginner's guide, beginner's guide to buying gold, beginner's guide to buying silver, buying platinum
Feel free to leave any questions you might have. If you have buying advice for beginners, let us know down below! Thanks for watching!
Is 2.5 gram gold bars an ok buy?
What are your thoughts on investing platinum?
@@pluto4847 I like platinum. Currently 50% from it's all time high. However, it's an industrial metal. This means it's tied to industry. If the economy crashes, not many things are being made, thus using less platinum. If platinum is used for some new tech, ie, giant air scrubbers, I could see price skyrocketing.
Is a 2.5 gram gold bar ok to buy? (This is a question)
@@jasonwright703 Ehhh, sort of. Very liquid pieces but it depends on the brand.
I was kinda skeptical about stepping into the metal exchange “trade” being 24 years old but after watching this video (even if it’s a year old) I can confidently say I will start my “stacking” as of today.
Thanks for details
Im 29 and just started stacking, did you go get any thing ?? Wish I started sooner ! Gold prices when I was 24 where much lower than today of course!
Same 29 just started stacking last week I bought 6 gold backs as they can be used as currency in Nevada , and this week I bought 9 gold backs and an ounce of silver. The goldback can be exchanged for Fiat currency anytime through goldback or Alpine so they are a sound investment. After reaching 100 ounces of silvery goal is to get one ounce of gold in 1/20th maples
I'm a new stacker, and so far, you have been the most informative person on the this topic. I really appreciate your video content so far. I haven't bought anything yet, but I'm looking into your videos to learn as much as a can before I do. Thank you again!
My pleasure. Thanks for watching and congrats on starting your stacking journey!
Yes I am a new stacker!!! Received my first purchase in the mail today. A 1oz gold PAMP. It sure is beautiful. Your videos are very helpful for a newbie. I watch several of your videos every day. I feel I can avoid a lot of mistakes by taking your advice. Thanks.
Congrats on starting your stacking journey! Oh those sure are nice! Appreciate it, hope it helps!
Congratulations. You made a good choice.
Smart choice😉
The Britannia is a beautiful coin.
Very new, and this video helped me to understand that I made some good choices so far. Thanks for the practical introduction.
This is a fantastic video...very down-to-earth, no frills overview. I'll be making my first purchases of gold and silver shortly and this video helped me immensely...especially with what's more popular on reselling and even the tax implications. You've definitely got yourself a new subscriber.
Great evergreen content, CC! I bet this one will grow slow and steady over time, those are my favorite videos in the catalog. Cheers, SF
Great video Campbell! Just saved it to show to new stackers, good overview!
Thank you! Hope it helps!
This is my 3-4th visual...and I like your straight to the point style...no fluff..just good stuff. Thank$ for your time and advise. And, yes, I am new to the game. So, I appreciate sound advice
I’m with you that’s the only fractional ill buy 90%! I stack 10oz and kilo silver bars now and government bullion
Silver coins but holding off on eagles due to premium’s. Gold I stack Buffalos and eagles and other government gold coins I prefer to buy 1ozers but the lowest I’ll go is a 1/10oz but it’s good to have fractional too! Yes people need to watch on for that FOMO and just take it easy! Very good point CC 😎👍🏻 another great video my friend and absolutely hone is the best place but make sure you have a tl15-tl30 safe , security system, cameras .. it’s all about buying time!
Thanks Patriotic! Sounds like you and I are on the same page on a lot of things. Appreciate you stopping by dude!
@@CampbellsCoins anytime my friend 😎👍🏻
Thank-you for the excellent video! I am a fairly new stacker and appreciate everything you present. Will continue to watch and learn.
Welcome aboard! Congrats on starting your stacking journey!
This is the best video ive found on the subject. Thank you
That was a great video and very informative 👍. There was alot of great tips for new and experienced stackers or collectors.
Appreciate it brother. Glad you stopped by!
I have been going to Royal Coins in Houston for years, love them! It was wild to randomly hear about them while listening to this!
Thanks! I am new at this, I will purchase my first coins this week. Thanks for all the tips.
Congrats on starting your stacking journey! Have fun with it and if you have time, let me know what you end up getting. Thanks for watching!
I’m new to buying precious metals and this video was helpful, now I’ve to start researching LCS to buy one or two precious metals
You are so right! I acquired quite abit of silver coins and started looking and all of a sudden got the bug! I also own gold, in different styles! Wishing to get more, cause I really feel it's gonna skyrocket. Invested early on gold under 1400 a oz at the time. But your so right on the knowledge your passing! Thanks!
Thank you for your video. I found it extremely informative and concise. Certainly one of the better videos on the subject of PM. Looking forward to more.
Glad you enjoyed it!
Great information for new people starting out. I agree with your advice, sound fundamentals are key to not purchasing undesirable buys they will later regret.
Thank you! Appreciate you watching!
I only hope that all new stackers find and sub your channel. Your two cents are well worth watching. Always a pleasure.
I am a new buyer. Your videos have Greatly helped me the metals world. Thank you
Super guidance. Thanks for sharing your wisdom and experience.
Very good information for most beginners … thanks 👍
Great points. This is a great topic to be revisited again.
Great advice for the newbs. To put things into perspective as far as those TL safes go. Knowing exactly the model of safe and obviously its location, it takes me about 2 hours to get into one. So I'd say it's definitely worth the investment.
Thanks B2. Yeah those safes are beasts. Doesn't hurt to hide the safe either haha.
Excellent video, very informative. Thank you! Please continue.
More to come! Thanks for stopping by!
I'm going to begin buying gold and silver soon. Possibly platinum too in the coming year. Thank you for your video and will be watching more.
Very Helpful Video. Thank you!
I'm a new buyer and this video was fantastic!
Always great information.
Glad you think so!
Thanks so much for this! Truly helpful. I’m a beginner :)
Glad it was helpful! Thanks for watching!
Some great tips for new buyers! Well done sir.
Much appreciated Sal!
I am learning how to invest in precious metals. This was very informative. Thank you 😊
Awesome video! Super information!
Thanks so much! Appreciate you stopping by!
I'm new to precious metal and don't understand how it really works. Can anyone guide me on the right approach to invest and earn a good profit from gold and silver?
All you need as a beginner to make good profit from gold is a professional trader who will trade on your behalf, otherwise you risk incurring losses.
That's right, you need an expert trader to make a good profit from trading.
Get an expert trader who will guide you on how to receive profit. This is the best way to make a good profit from investing in gold
How can anyone know a trustworthy professional trader when it is hard to find legit traders these days
Is not the same Mr. Brad Moore that my neighbors are talking about he must be a perfect expert to get people talking as well from him...
Appreciate the information 👍
I'm new to stacking and I started with silver. i really like bar's but most video's say to collect both bar's and coins. it's hard to find 1 oz bar's so I have to get some coins. your videos really helps me as a beginner thank you
Good luck! Congrats on starting your stacking journey!
Thank you! Exceptional video.
You're very welcome!
I am a new stacker and this has to be the simplest best video to gain some knowledge
Thanks much! Congrats on starting your stacking journey!
Silver Gold Bull has quality and well priced bullion and bars. Great customer service too. Another I’ve had good luck with is BGASC
Very thorough video for new stackers 👍 Other items that make people reconsider their life decisions 😄😉
🔥🦈🌊
Haha, got to keep it vague and interesting. Thanks Oceans.
Another cogently produced Campbell's Coins video regarding important issues for not only new stackers but also veterans who may get a bit sloppy with their methods and safeguards.
Appreciate it bro! Got to protect that stack.
New and wanting to get into stacking. Video helped alot
Congrats on starting your stacking journey! Let me know if you have any questions.
I’m a new stacker. It’s been rough watching metal fall but it’s a long term game. I’ve done my homework via videos like yours. My biggest lesson I’ve learned is not everyone is honest. I caught fake 5oz silver bars and had a confrontation with the individual. If your new like me learn everything you can and know what your goal is. For instance I don’t like constitutional silver. I don’t like premiums. My goal right now is generic rounds and 10oz bars.
Congrats on starting your stacking journey! That is an important lesson learned. There are many who will f people over for a few bucks. Sad but true.
Hello, Hope you’re having an amazing day! Can you please explain how “Premiums” work with silver and gold? I’m new and trying to comprehend, the use of premiums and how to choose good or bad ones.
Hope to hear from you!
@@madam.c.j.walker1700 spot price doesn’t include all the middle people from the mine to the consumer. Everyone needs to make a buck on a piece of silvers journey to make it worth dealing. You’ll rarely get all your premium back unless you can hold long enough for spot to come up. Precious metals is a long term game. Don’t expect to flip quick and turn a profit. Your money will be much more secure though. Savings accounts give you very little. There are many great channels to educate yourself. Don’t FOMO (fear of missing out) make a budget and always have a back up fund so you don’t have to emergency sell your metal for a heater or something
A lifelong friend of mine since the 60s started buying silver coins in the 1990s. He bought a few corns every two weeks. He was buying them from a company that was advertising them on television for $29.99 plus shipping per coin.. so that’s $35 a coin..
their television commercials kept this hype going by saying that silver is going to go to $50 an ounce any minute now..
these coins were 1 ounce coins..
years later my friend got into financial trouble and had to sell many of his possessions. His motorcycle, his guitars, tools, etc.. and his coins..
he called the company that sold him most of the coins he had and asked them if they would buy them back. They recommended taking them to one of those outlets that buys grandma‘s old jewelry and coins and things like that..
so that’s what he did and that’s when he found out that those places do not give you anything near what you pay for the silver or gold. They pay you spot price at that moment for silver or gold. Spot price at that time was around $12 an ounce for silver. But he paid $35 an ounce for each coin..
he was in a tough spot so he accepted the $12 an ounce, that’s when he found out that they deduct 10% plus $.85 a coin transaction fee..
So that was $12 minus $1.20 per coin minus -$.85 per coin.. that comes out to $9.95 per coin after paying $35 per coin..
so let’s say there was a monetary collapse around the world which they like to tell you buying gold and silver is a safeguard against that happening..
OK so someday, dollars have no value but-you have gold coins that you paid $1800. each for..
Just how do you fill the tank of your car or buy a loaf of bread and a gallon of milk with a gold coin if your money is no good at the gas station or supermarket. What are they gonna give you change with? Monopoly money?
Precious metals will only be traded fairly when there is no other means of government accepted currency. Gold or silver purchased today will only become valuable in about 20+ years. I purchased a 1oz Kugerand back in ‘86 for roughly $450. It’s almost 5x its value. Buy metal for a hobby or fund. Treat them like expensive trading sports cards.
I started accidentally. I bid on a sealed box at an estate sale. Got it for $10. It had a couple of fairly valuable rookwood pieces of pottery, some other junk. But, at the very bottom was a 1988 us mint $25 gold piece in a presentation box.
Been picking up stuff here and there when I find it. Have some 10 Oz bars, some 5 Oz rounds and a bunch of 1oz rounds.
I’m hooked lol
Well put together vid, if anything I would suggest new stackers to stack at least 1oz of gold to every 300 - 500oz of silver - I store my metals externally and pay for ‘volume’ of space and well it can start to get expensive if space is taken up with to much silver, good problem to have but you will face this challenge in time 👍😀
Silver is a bad move.
@@michaelphillips3123 why
New stacker but old video ! Thanks for the videos.
Thanks for watching! And congrats on starting your stacking journey.
I am a brand new silver and gold stacker. I just started. Good video
Congrats on starting your stacking journey!
Subbed.
1. Good advice
2. Soothing voice
🙏😎
Full of good info!
Glad you liked it 😎👊
Coins & Guns: The first rule of Fight Club is - You Don't Talk About Fight Club. 🤫
Exactly!
You the man!!
😎👊 no, you are!
thank you very much!
Brand new stacker first month a 1/10g and 1oz s thank you for the videos
Very informative...thank you.
You are welcome!
New stacker here. I just started last May and I ordered from US mint. Then I learned we have LCS near me so I bought some from them. Hopefully next yr I’ll have a good refund so I can buy some more.
I always enjoy watching your video because of your clear explanations.
Hey congrats on starting your stacking journey! I hope you are able to get more next year, if not sooner. Thanks for watching!
Awesome tips for the new stackers. Great video my friend.
Thanks triple P! I hope all is well!
New to collecting coins in general, but plan to stack a little along as I collect coins I enjoy.
Great advice. I recommend buying US gold Buffalo bullion coins. They will be easy to sell when need to and if selling outside of the country you won’t be taxed in most countries since pure 24k gold. If selling American Gold Eagles out of the country, you will be taxed in many countries since not pure gold. International sale of silver is heavily taxed in Europe.
Nice. Just bought my first 3 oz of silver eagles at Avenue Coin in Stockton. Today. 😂 my local shop. Good know people think they are reputable.
I am just thinking about starting to get metals. I dont know anything about them so I know I'm am easy target. Also we don't have any coin shops in my area so noone local to talk too either. I like the video here and will be checking out a few more.
It's overwhelming for new stackers. If you're looking for a good LCS, my LCS Avenue Coin ships all over the US, safely and securely. My latest video has their contact info if you're interested. I receive zero kickbacks. If you have any questions, feel free to shoot me an email.
What percent gold vs silver do you recommend for a new stacker?
Hey bro, I’m in New Zealand and I’ve just started collecting Comix coins (little comic books) from NZ Mint. I would like to know your thoughts on this distributor and on the coins themselves? I’ve just started buying so I’ve only got the five 1oz silver coins in my new stack … Cheers 🇳🇿👈😎👍✨
I’m new bro thanks for the content
Appreciate you stopping by! Happy to help if I can.
Great video
Thanks for the visit!
This is such a cool hobby I'm just going to buy and never sell and keep on buying
Right on bud!
Where is everyone buying your PMs? I just made my first purchase from JM Bullion. Thanks for the video. I've been studying up and finally made my first buy.
This video was very informative. I think I'm doing it right. Is Platinum a good precious metal to buy. I have a few ounces?
Thanks! I believe it is, especially at it's current price point.
Hello, very nice video!! Im 29 year old man from Greece and im about to start collecting. I try my best to get imformation on how to start safely with precius metals.
Here in Grecce there are a lot of shops buying gold, but not a lot of them sell. I think i have to search the local jewellery stores or the National Bank and compare the prices.
I will be checking yr videos.
Good luck and thanks for watching!
When buying online make sure to buy less than $500 because UPS does not insure anything above that amount
Thanks
....🙋♂️🙋♂️..Hey Buddy, great video..
Hey, thanks!
I'm new to stacking and I appreciate your 2 cents. This video provided me with some great info. TY. I bought Krugerrands and an ingot plus I am stacking 10 oz bars. Both were purchased because my LCS sold them very low to spot. Are coin medallion and bar cases worth storing them in?
Sounds like you're off to a great start Theresa! Unless it's a specially designed bar, I don't think plastic bar cases are worth it. Coin capsules on the other hand, I do find those worth it, especially for pure gold. Krugerrands are 90% and not as susceptible to dings and dents as pure gold. If you plan on moving your gold around a lot, looking at it, etc, I would get capsules, if not, a tube works just fine. Keeping your items looking nice will help with resell. Keep an eye out for plastic with PVC in it. PVC will damage silver. Thanks for watching and stopping by!
@@CampbellsCoins I didn't realize Krugerrands are only 90%. I guess I will put future purchases in Buffalos. The dealer did not explain I wasn't getting 100%. Is that why people pay higher premium for US coins?
@@theresamarie1089 Krugerrands have 1oz of gold in them, or whatever weight is listed on the coin, but the composition is 90% gold and 10% copper. Still purchasing 1oz of gold but copper is added to make the gold more resilient to wear and tear. American bullion has a higher premium because it's more popular. American Gold eagles are similar to Krugerrands. The 1oz sizes have 1oz gold pure gold in them with silver and copper mixed in. Composition is 91.5%. Gold Buffalos are pure gold with nothing added in. Hope this helps, it does get confusing.
@@CampbellsCoins TY that clears it up for me. I appreciate your help.
Just found your channel 👍 Good video ⛏️🇦🇺😊🙋
Thanks! Much appreciated.
Thank you🩷
Just curious....has anyone ever been able to use some of your stack as collateral on a loan?
What do you think of Geiger gold bars? Do you think there would be an issue selling them? I’ve found some pretty good deals on these recently.
I love Geiger, especially their silver. Their gold bars are great too but there was always a high premium attached to them. If you can get them for a great deal, I would go for it. One negative note on Geiger is the copper spots. Sucks to have such a nice looking bar in assay with copper spots.
and dont store in the bathroom. the steam and condensation causes toning and milk spotting.
Newbie..... I totally was about to purchase and roll over my ira based off fear. Something told me I needed to educate myself first. I put a stop on all appointments and applications. Thanks I'll toon in again..
Yeah, please don't roll over your IRA, at least not yet. Glad to help.
Thanks for sharing 🙏 😎 🏖 🏝
Thanks Nancy!
I find the comment about the Krugerrands puzzling. They sell well in my state and being a physically harder coin they hold up to stacking/handling better than Maple Leaves or Eagles.
Different region to region. Looking at the US overall, they don't do as well as those other coins.
@@CampbellsCoins
Thanks for the advice. What is your opinion on the silver Krugerrand?
Does it cost more if I use my debit card to purchase a little bit of silver? I don’t think it’s wise to send cash in the mail as payment.
Hello I'm a new stacker and I've just been buying silver. My question is should I stack up enough silver to go for one once of gold or would it be wise to get fractional gold like half once or smaller?
I recommend building a fractional base first: 1/10, 1/4, and/or 1/2 oz at a time to scratch that stacking itch.
Good luck with your stacking! It all adds up quickly.
Suggestion: maybe do a video on verifying your coins are real on a budget ie Pocket Pinger, Earth Magnet, Scale and maybe some Calipers. Also maybe include a sheet of visual oddities that may cause you to suspect something isn’t right about a coin.
Gold is greatest asset. Get Gold
Complete newbie here. What grade should the silver coins be?
What if you come across an ad for gold coins somewhere, how would you test them to make sure ur not getting screwed over?
That's tough. You could do some googling to see if there are any bad reviews. There are plenty of reputable online sellers I list on this channel, I wouldn't go off an ad.
Im new to stacking. Not doing it to make any money from it I just want to collect gold and silver bars cause it's so cool! Just bought 2 1oz silver bars and dying to buy my first gold bar but 1oz is 2200 bucks! Long way away from that
Congrats on starting your stacking journey!
What do you think about Lear Capitol for metals
Looking into stacking. Any advice is welcome.
Would be great if you take a little bit about coin capsule
I just discovered the importance of owning precious metals this year. I cant afford much in gold. 1 gram bars and goldbacks is all i can really do. Silver is not an issue. That i can do. Thoughts?
New stacker as of last week… I now have the fever 😂
Welcome and congrats on starting your stacking journey!
New stacker here
My budget is around $400 - $600 a month
Hey that's awesome! Congratulations!
Britannia's me too !
😎
What's your opinion on Mexican silver and gold coins? Do you believe these are a good option for new stackers?
Libertads or the Pesos? I love the Libertads, beautiful coins. If Libertads, then I view them as a more collectible coin than a stacking coin because of the premiums. If the pesos, they are a good option for stackers in certain regions. These sell well in the southwest states but I have found Pesos to be fairly undesirable up north. These also have tax reporting requirements, which is unfortunate.
@@CampbellsCoins yeah the pesos. I did not know about the tax part. I smell a video coming on lol. Thanks.
what about stacking cobalt or tantalum ?
The problem is in Sweden when we sell gold coins or any other gold or property , we pay tax on them too. What should I do?
Sell private party. We, in the US, pay a capital gains tax when selling precious metals but there is only a record when sold to specific sources.