Silver & Gold: Do I Buy Bars or Coins?
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- Опубликовано: 15 сен 2024
- When Mike Maloney talks about buying gold and silver, many people write in to ask whether he is buying coins or bars. Join Mike and Jeff Clark in today’s video as they discuss the pros and cons of bars vs coins, and what they buy personally. Download Mike's best-selling book for free here: pages.goldsilv... Thanks for sharing and clicking that 'Like' button. For those wondering why our videos don't appear in their subscription feed immediately - we release our clips to our free weekly email readers first, then later we publish to RUclips. Sometimes it's just hours, sometimes it's a couple of days later. This is to encourage people to join our free newsletter - because one day, we may not have RUclips to rely on. Join our free newsletter list by going to goldsilver.com/ and entering your email address in the 'Get Market Alerts' box at the bottom of the page. As always, thank you for your support. M.
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Semua negara mahukan ekonomi negaranya terus meningkat dan seterusnya mencapai kemajuan selamanya. Dan saya harap diserantau negara semuanya dipermudahkan segala urusan dan terus mendapat keamanan juga kemajuan teknologi yang canggih.
@@ahmadazharbinatalib7411 easy for you to say!
Hey Mike, what about if you use your physical silver as money instead of selling it, as in, what if you trade it for something else of value, say a car, or a PS5, or a house, do you have to pay capital gains on it then? If you've already answered this question previously could you point me to the video or text where you do? Thank you sir.
Hello Mr Mike Maloney. It's great seeing you still smile in this crazy manipulated world.
Maybe your smile is the same as mine? Dis belief.
I shake my head at how the masses have no idea. Doing my bit to wake people up to truths.
Definitely a great time to be collecting precious metals.
God bless.
Mike Maloney I just want to say thank you for all of the knowledge you have taught me I am 18 and I already have 100 OZ of silver.
Word of caution, don't tell people how much precious metals you have. They don't need to know and neither does the government.
That’s a nice amount of silver! Congratulations
Take that advice. Great you're only 18 and have 100 oz of silver. But don't tell people...especially at work because word gets around. Be sure to invest in lead as well.
@@colemanadamson5943 invest in lead?
@@brucewhite7943 he means bullets ,and it’s also a good investment with uncertainty in today’s economy! Also good for investment and trade
I've got my 1st ounce of gold arriving today...It's five 1/10th ounce coins and two 1/4 ounce coins....It's pretty exciting for me
That's great! But the premiums are usually pretty high for 'fractional' coins (less than one ounce).
@@dboy6400 You are correct
@I YAM what I YAM uk uk uk uk depends on how hungry you are
Nice. I've bought my first yesterday.
1000 silver maple leaf 1 ounce coin's
20 gold maple leaf 1 ounce coin's
@@Devil-024 that's a man size order 😲
Just finished reading your book Mike, it has changed my view on life and how the world works, forever.
Congratulations Mike good crossing 600K subscribers... Love from India
Thank you very much
In Norway, there is a 25% VAT on most products and services except food.
Minted coins though is considered currency and are therefor exempted of any tax/VAT.
This makes it basically more profitable to buy coins included the premium in stead of bars.
Oh, THANK YOU! My first silver purchase in 2018 was a 100oz Johnson-Matthey bar! I love it.
Go big or go home right?
I like my 10oz, "Jesus clears the temple" silver bars.
I am happy to have listened to you since 2017. Thank you so much. I bought your book and studied it and put most of my money in gold and silver. 39 pounds in total. Land across the street from me became available and I bought it. My 2017 investment practically doubled and I now can afford the 50,000.00 price for the Land. Thanks for your good advise and I will get back into the market when the time is right.
i bought today a Belgian coin (5Francs) from year 1848. The weight is 25gram in silver and it cost me 35 euro's. The silver only cost around 20dollar so it is also historic 'the first coin from Belgium'.
nice buy but is was over priced. Doesn't really matter when the silver is $1000/oz.
unless it's in some special collectable, I've never seen one, It's worth the price of 1oz of silver. if indeed it is .999 pure. but back then it may not have been. it could have been 90% (I don't know) like many old US coins were 90% and some were 50% silver. but $1 silver coins were pure. it was worth spot silver price the day you purchased it.
Investing in different streams of income that don't depend on the government to bring in money especially now the pandemic is hitting the economy pretty hard will be the wisest decision anyone can make.
Wise words you have spoken, I totally agree with you.
People make the mistake of waiting for the government to provide everything for them and if you ask me, it is totally wrong.
There are so many investment options out there, one has to be very careful in picking out a good one.
Investing might be good but investing in the right thing is the actual key to success.
Investing in the right things matter, I have actually invested into the stock market and also the crypto market trust me crypto trading is more profitable than stock investments.
I just have to say. I believe the premium on silver and gold coins will be the first thing to go if your trying to sell them during hard times. Just my opinion
Thank you for sharing your knowledge. Just started buying bars and coins a few months ago.
Loved this info !!!
Thank you
*Capital gains exempt coins* in my opinion. It's rumored the British government are doubling capital gains tax and lowering the allowance.
It's not too important what your funny little island does
@@AnotherAnonymousFag No it isn't - but it matters if you are there.
Hi Mike . Thanks for new video , finally!
1 ounce gold Britannia and buffalos . great video again guys
True on industrial Silver, that is why I buy interesting bars, but then there is a premium problem.
Mike has such a great laugh 😄
Thanks Mike!
Excellent content, great to listen to both of you guys.
What do you think about the Goldbacks? IMO the premium is too high for stacking, but it could work as money I think.
I buy both! I love Scottsdale silver bars and buttons. Pretty!
Scottsdale, AZ? Lived there for a while. Don't miss the desert heat.
QUESTION: Hey Mike, thanks for another great video. I've been reading Alasdair Macleod lately who agrees with you that in the long term the only way for governments to secure their currency is by backing it with gold. If this happens and Gold is revalued to support the currency then gold will be pegged at a set price. Here's my question
1) If gold is pegged do you think that Silver will become the main focus for PM speculators looking for investment growth? 2) If so how do you think this will affect its value compared to gold?
Thanks
Ric
Buy whichever one gives you the most ounces for your money. When it starts to matter, all you care about how much gold or silver you have. Any refining costs will be rounding errors by comparison.
Awesome blooper. I cracked a huge smile..
As always informational Perfection.
LOVE the crack-up laugh at the end
Silver takes a lot of space only when you are rich. I personally have few hundred oz and it takes very little space. Very little.
buy 100 ounces only
Thank you Guys
So whats the silver lining of buying physical bars & coins ? If you (don't) hold it, you (don't) own it.
Thanks Lynette :-)
If you dont own it, you most likely old it!
@Shane Rothwell you should - the words are not my to own, education of the masses is necessary ... to starve the beast. Silver to 1k.
As long as the Gov. Doesn't make it illegal to withhold in the future, I agree. But again, history could repeat again.
Another tip: Invest in a cheaper gold claim / mine with good history documents. You pay the same amount as a Tesla, hire a mining management team and pay the expenses with the dividends you get from stocks. You get gold (and sometimes silver) with a FANTASTIC discount. Then you never sell these nuggets. Store the nuggets and then when the time comes you sell the nuggets to stores, completely tax-free. The risk-reward is amazing, but of course, it has to be a good mining claim/mine. That's the risk you need to take. So I recommend to give this a try if you're well educated, and buy normal coins at the same time. Cheers!
How could they even call it a gain if they have no idea what you paid for it in the beginning
Nailed it.
How can they call it a gain if its value has stayed the same, but the currency you have to buy it with has lost value due to government money printing.
Because unlike fiat currencies, the supply is not ad infinitum. Using simple mathematics to adjust for inflation or using an inflation calculator to compare 1913 to 2020 of the dollar, will tell you, you are in a gain.
@@wasabininja3494 per say i bought 100ozt Ag at $25 and later sold at $25 they can't possibly know what I initially paid. Fortunately I've been in long before the twenties
They don't care what you bought it for. The gain is what you make on the coin you sell. Like 25 dollar gain on a 25 dollar coin. If you keep a receipt from when you bought it, for example you buy it at 20 and sell it at 25 then your gain is now 5 instead of 25.
I bought my first ASE’s on this dip since the plague started... 25 plus range. All is good
Philharmonics are cheaper and receive the same preferential tax treatment just so you know
You're both cool as hell
The biggest short position in silver is to provide a platform for paper silver:Banks.
if you want the price of silver to fall, buy paper silver, because this is a big dish for the bank. If you want silver to rise, then buy physical silver, because of this Is your asset
Look at the price of an ounce rhodium, hope gold and silver will reach these heights 😲
I prefer Plutonium in my portfolio
CBs will not allow gold to be to much higher >$2k (I knew it was $2075 before). 2K is the bar not to exceed.
at 11:00, The shape of the bar has little to do with stacking. The sides are angled to make it easier to get the solidified metal out of the ingot. If the sides were 90 degrees, it would be harder to get them out.
Moulds can be opened on one side if you want.
@@Devil-024 You are right. But a one-piece mould is simpler than a two-piece mould. And there is no reason for the gold ingot to have a nice, moulded bottom.
The last time i was this early, Mike still had red hair.
I notice Mike has a problem in him saying the word "Fact" and not the "other." In the times we live in, it does make sense that a mis statement might occur. Just keep on stacking!
Mike you have opened my eyes to gold and silver. My dream is to start a E-waste recycling business.
some do it here, many rely on other countries where they have slaves breathing those toxic fumes while extracting the precious metals. Ever notice that cell phone shops don't even worry bout keeping your phone sim? there's so little it's hardly worth it. (gold may be more worth it) but on a circuit board, I've only known it to be reclaimed where they allow plastics (and toxic heavy metal) to be burned and breathed.
@@surveyguyor8958 I know these things, I have done my research. Not only does 1 metric ton of old cell phones have a 100x the gold a ton of gold ore has. But the types of plastics used in consumer electronics can be made into a profitable polymer. And not only are you getting gold and silver but also copper, brass, and aluminum.
@@sams5803 don't know how you're doing your math. here is an example: it took Barrick (gold mine) anywhere from 2 tons to 91 tons of rock to produce just 1 ounce of gold. and a second example is what i found on the internet, is from 1 ton of cell phones you may get 350g (12oz) so yes, that is substantial. Not sure how you're going to get those phones. the businesses i know don't just throw those away. There are already companies with big machines that crush it and extract it safely. Good luck competing. competition is what drives our free market of capitalism. I love that. Democrats hate it however.
@@surveyguyor8958 ok ok so my figures are on the high side. But when you think about e-waste as a whole. I personally tore apart a electric organ. Just some rods in it came to 7.4oz 18% gold and 81% silver and 1% palladium. A rare find yes but.... as with mining you truly never know what you are going to get. There are pure platinum thermocouple wires. Not long ago silver was used a lot more than people realize.
Silver eagles to buy here in Australia are about 45.50Aud -47.30Aud when the spot price is 32.50Aud, so we're talking big premiums.
Having said this I still do own some.
Why do you buy silver eagles in Australia? Why not Aussie Official coinage?
I do own mostly Aussie coins and Aussie bars, and will continue doing so. One local maker Smithy's bullion comes to mind- it's nice to have a few things from overseas though.
@Catherine Jones I use Bullion Now also, they are my go too.
Why is Aussie spot so high?
If you sell at a very high demand but the currency is not worth much, what is the advantage of selling?
Always thank you for your honesty
What am I missing? It appears that "collectibles" get taxed at 28% which is higher than what my capital gains taxes have been on stocks/ Real estate. It seems this is not the tax break Mike said, but rather more so of a penalty.
In UK it's the other way around currently the spot price for silver is £17.80 per ounce and the purchase price for delivery is £29.28 for a silver Britannia, gold on the other hand £1351.33 and a gold Britannia is £1479.00, so the premium on Silver here is rediculous. But we do not pay capital gains on British legal tender so Britannia, Soveriegns, pounds etc and no VAT (20% Value Added Tax) on gold.
Gold bars are £1476 and Silver is Unobtanium lol.
Federal capital Gains = Up to 20%
Federal Collectibles Tax = Up to 28%
Both depend on your total income. Collectibles tax is the highest if your income is high.
How about a just for fun video around the expression "you're worth your weight in gold".
What I’ve noticed is the bars have more purity than the coins but cost less? Why is this?
thanks a lot! Great info!
10:00 Aren't cast metal bars wider on one side so that you can get them out of the mould?
My life looks like a George Gammon white board and you asked , coins or bars ? Cool
Except the "three easy steps" whiteboard.
I've always preferred bars but I get some coins too.
had an old IRA i had forgot about that i had started in highschool for extra credit, i rolled into my silver IRA through new direction and it just so happened that the day i did the purchasing was also the bottom of this pullback as in perfectly! didn't plan it that way it just happened. maybe its better to be lucky than good.
I have bars of Silver 10's and 1kg and now starting to get collectable silver coins, look for limited edition coins, prices go up quite abit once they sell out. and yes great to look at.
Hi Mike, where can I find the WealthCycles page or website?
I'm a big fan and I'm reading the book.
Hey Mike, thanks for all the great info. Just came across your channel after your show w George Gammon & subbed after watching your phenomenal "history of money" series (No Ep. 10 though)?
Even sold some stock today to buy Gold & silver with but I'm curious about how Gold Confiscation worked in recent history & whether it is something to prepare for & how to protect against in the future given the "Great Reset" agenda that is likely coming very soon. Could you do a show in the future covering this topic, how it worked & how to avoid it etc. Or if anyone else knows I'd appreciate any advice or insights. Thanks
Mike, how about Candian Maple leafs? You dont like how beautiful they look?
They are very liquid.
Dear Frosted Lightbulb,
2018 half ounce silver Polar Bears are currently on sale !!!
@@bobmccarron58 what ?? Send the link!!
@@hilariuswarwinkel6981 what does that mean
They are coins from the Royal Canadian Mint. 🇨🇦
I’m curious to hear what mike thinks about having Ammo as a commodity also. There are expected mass shortages for at least another year and if things get back that will only get worse. Brass cased ammo has a lot of brass content and there’s also lead cores in many FMJ rounds. At the very least it’s a store of raw metal but could be much more valuable if we go Venezuelan style hyper inflation and chaos
IRS is closing Mike ?
It would be nice if there were silver bars or coins available in smaller denominations than 1 oz. without the ridiculous premiums you find on such items.
Coin hunt rolls
Coins are way much better than bars because bars are to valuable. Because they're too big and not suitable for dividing. So I couldn't buy regular stuff on weekly basis in any apocalyptic event.
Grams and ounces are best. I don't need gold nor kilogram of silver bar because it would be too precious for everyday use.
In still dont understant what is beter coin or bar
I don't think it matters what 'denomination' of PMs you purchase.
Whatever you have CAN be re-melted into whatever is required as far as 'value' goes
Coins work best. History shows that.
Once Bitcoin is trading BIG on the Comex won't it be open to market manipulation like gold and silver?
If people are buying paper Bitcoin that doesn't really exist surely that makes the scarce and deflationary argument about 21 million Bitcoin irrelevant?
Beneficially useful information.
In The Neterlands you have to report your position in Precious metals over €10.000
i kinda forgot so ... now im way beyond it by ''only a couple'' ounces haha
What they don’
t know won’t hurt them!
Wat bedoel je?
Beleggingen zijn box 3.
Hierover betaal je enkel 1.2% vermogens belasting over het deel boven de €30,846. Samen met partner boven de €61.692. dat is €12 belasting voor elke €1000 aan vermogen boven die grens.
Er zijn plannen welke nog goedgekeurd moeten worden om dit op te schroeven naar €50.000.
Don't overlook Platinum metal collectors some people might not call it money but it's going to turn into wealth in the future
Platinum is on a tear right now. It's insane that they never talk about other metals. Rhodium has already had it's moon shot. Palladium has been going nuts. But all they talk about is the two gold and silver because the gold and silver dealers have a stranglehold on the metals media. Platinum is dirt cheap right now. Crazy to pass it up
@@VROOOOOOOOOOOOOOOM What percent over spot is normal to pay for platinum? I live in Canada and it seems to be a lot everywhere
@@VROOOOOOOOOOOOOOOM where do you buy platinum from?
But how did you sell all your precious metals in America, didn't you get capital gains tax?
Mike, what is the difference between silver rounds and sovereign at the time of selling at the top of the market? Is sovereign better then rounds to preserve the most value?
U forgot SALES TAX on bars when u buy , almost as high as the premiums . when u take metal to other country's i think u pay tax on current value, but coins on face value. and u can pay/buy things for less. Each $50 gold coin can lower price by @2,000 usd.
Thanks guys👍🏼
What do you think about TD bank selling precious metal... price seem high?
Specific Weight (Density) of Gold=19.32g/cm3
1 m3 gold weighs 19.300 kg
Let's consider Olympic Swimming Pool (OSP) 50 x 25 meters and 2 meter depth which makes 2500 m3. That is , the weight of gold filled in a OSP is 2500x19.320= 48.300.000 kg
That means if all the mined gold on the world is put into OSPs we can fill approximately " 4 " OSPs with all the Gold. (200 million kg divided by 48.3 million kg. ) . If known reserves in the earth are mined and whole gold of the earth are put into OSP , I believe it will not be more than 5 OSPs in the future , since reserves left are very little and difficult to get.
Result= We should appreciate the gold at our hand , since we dont have much as multiplied by paper gold manipulation.
If gold goes to 10,000 per ounce, where will butter and milk go? Metals and butter don't increase in value, currency decreases in purchasing power.
Bitcoins yes
I'm also curious about goldbacks. Anyone have any experience with those?
I heard they aren’t a good way to go, bullion is better
A lot of people are moving to PR Portorico, due to no taxes. Peter Schiff, Harry Dent, Mike Maloney and many other millionaires.
If I have funds in an IRA or 401k would it be wise to pull it out and buy gold?
I know there's a fee for pulling it out early, but I don't have to worry about taxes because I'm redeeming lawful money which is tax exempt.
Is it really all worth it... fees for this fees for that, it never ends. If those metals basically run flat, your always still behind the eight ball The upside that I see, is that you've hedged against inflation/currency debasement, if your ratio is well calculated. If your prepared to accept a little more volatility, then Bitcoins is still your best bet, even with the tax.
The systems are rigged for the rich. That's why Mike is a dealer and makes money on both ends and of course they hate taxes.
Don't know if Mike's rich, he just acts like he is.
Please comment if you’ve ever got the premium back when you sell....
I probably could have but.... I can’t stop buying!
@@VETERANPREPPER1 lucky, I’ve never had a dealer offer more than spot for silver eagles here in CA, multiple places and to the point that they simply tell you to walk if you want more.
I should also say I’ve got multiple quotes from online dealer and it’s all at spot.
I bought for 20 and sold for 18. Win! But then again I am an ass
Sir investment in pure Silver grains is fine?
Just bought 5 Eagle silver coins. They are expensive in relation to the silver price, 43usd/piece, 999. Is it expensive?
Dirt cheap.
I wouldn’t pay that, shop around and you can get a better deal unless you’re into it for the collectible factor. I prefer bullion, I think Eagles are overpriced. They’re backed by the government, yes, gov’t says they’re worth $1.
You overpaid, but who cares. Now you have silver. Eagles are 3.19usd over spot at SD bullion
Gold coins can be taken through airports to the denomination written on the coin. So some gold coins are a good idea
Mike buys gold bars with the lowest premiums and 100oz silver bars because of the low premiums but then he recommends buying American Silver Eagles which have the highest premiums. I hear so many “experts” say that you should buy silver with the lowest premiums.
buy both but better lower cost with big bars and good resell value - if Trump revalues gold and silver - the 100 oz of silver might go to 20000 and the bullion dealer cant pay u out in one lot. LOL
I’ve stuck with silver rounds with smaller premiums.
@Chatsworth Osborne, Jr. me too on the buffalos!
God’s money 🏆🥈🏆🥈🏆
well Gods dont need money to be precise
Buy and never sell
never?
@@Przyziemni well, I'd rather trade than end up with a CBDC or a chip in my head/hand
@@Przyziemni never...
@@JS-ue5fp well i will sell when time is ready, and gonn buy again when i think is time i dont care about keeping the same bars forever - but that just me
1% bars, 99% sats
Hu Mike!
The Goldsilver.com pricing for sellback is a way too low. This was very disappointing to see and find out.
@@timan206 Thank you
9:53 Bar Storage
My concern is when the metals really take off to tripple digits for silver and way more for gold the environment we end up in then would the new calibrated value if you will buy more or will it be more or less the same as it is today? What economic environment is one to anticipate when metals are really performing at their peak level and is it a rule thumb that we'll be able to buy far more then or is that more of a speculative take and it could really go either way? Can someone help me understand this better please? Thank You So Much.
Simple. Just buy
@@williamwilliam5066 Yup on it👌😉
I sold my gold and silver for XRP and 0xMR. I will buy back in after I double my money.
If
How's that working out, bud?
Mike, what are the implications of Hell an as Treasury Secretary? This can't be a good thing, or is it?
I like looking at bars. I really want to look at more bars. Actually, the more bars I can look at the better looking they all become!!
Narcissus :)
It never gets old lol
@@Chrisinsocal True, true, I occasionally like to pull it all out and arrange the bars and coins and take a pic with the gf, bit like some weird fetish from a psycho movie. But I like it :)
Pre33 gold and old British sovereigns FTW!!
Hi Mike thank you for your knowledge
Could you maybe do a video on what will happen if we go to war with Iran and if the petro dollar crashes, do we go into inflation and higher gold prices ?
Also I watched Harry Dent saying gold won’t go up much as we are going into deflation.
@Vince J thank you. I have seen some. Will continue studying
Harry Dent said gold was going to hit $700 in 2015 when I started accumulating g&s. Thx god, I didnt listen to him.
@@silverarktv omg good point. Thank you
its such a scam that you would have to pay taxes when selling dimes and quarters pre 65.
lol.. ya, cuz they are actually worth something.. you know if you hold higher volatility assets, the taxes should be cheaper.. big boy pants bitcoin hodl'rs...what do your say Mr tax man..
@@renegademind1833 my point is the junk silver isnt worth any more now than 50 years ago. The cost is more now because of government money printing. Government inflates the value and then taxes you on it. Its double speak. It says dime but....