In this video I talk about buying gold coins and a mistake I made when I first started investing in physical gold. If you are wanting to buy physical gold then this is the video for you. The larger a piece of gold is the smaller the premium on that piece of gold is typically. This goes for gold coins such as gold krugerrands and gold eagles as well as gold bars. If you want to pay the lowest premium and get the most for your money they I advise buying gold in the 1 oz size.
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My Brother, You didn’t buy anything You changed poo for Real Money and You should feel Very Blessed because Many Billionaires will lose everything
Canadian Gold coins are cheaper then US Gold coins.
I think you should have used the qty costs of the smaller coins/bars. So for Grams & 1/10 as it would have been much lower as you would get them at lower cost per oz prices.
Yes still paying premium over 1oz prices but not as much of one. Also a bit more liquid in sales plus premium when sold.
Agree. With the 1 gram you need to buy 31. The SD price was around $3 less at this quantity which would reduce the premium by around $100.
Can u tell us the premiums on junk silver. Also are theyre bargains on scrap gold
Who would want to buy king charles on it yuck
I pity the fool who does not understand the important point is the value, not the design.
Disagree re quarters being a mistake. With available funds for ‘average Joe’ ever diminishing, your future market for selling the stack (or part of the stack) is far greater with quarters, assuming the gold price continues to increase over time. To say buy silver if you can’t afford an ounce of gold is also questionable. Just buy the quarters/sovereigns etc and trade up if/when you want to buy full ounces
I don’t get it. Help Explain. If you trade up to gold from silver, are you not paying a premium twice?
@DrSchor SCHOR premiums don’t concern me too heavily as I will recuperate those premiums when selling (provided I’ve bought sensibly). In this instance I was really referring to trading up from fractional gold to 1oz coins though. The silver comment was more to question the sense in buying silver if I can’t afford gold. If gold is/was my target then stick to the plan and just buy a smaller denomination (or save to buy larger amounts when ready)
Right now, if you buy a ten oz gold bar, on SD bullion, its only a $35 Premium. You know, for who ever has $20,000 laying around.
I think you made a very good point. If you don’t have 20K, don’t buy gold. Otherwise, you are throwing your money away on making someone else rich with your overpriced premiums. Impeccable thinking. And Best Comment Here.
BUY ONE OZ GOLD. Silver is for fractional sizes and therefore small purchases , in the future..
Can this apply to platinum as well?
can what apply to platinum exactly?
I would stick with US paper money
Very good video!
I could argue that through your diligence, you actually did it the RIGHT way. Not only do you finally have that ounce, you also have the pieces of fractional adding further weight to your collection
Really the only mistake would be not buying gold no matter what size at least you would have a little insurance in your pocket
When you think back to buying those early 1/10oz. gold coins if you hadn’t bought those & gotten the gold ‘buying bug’ would you even be buying any gold now & would you even have a stack, no matter the size? I didn’t buy a Rolex for my first wristwatch but the inexpensive watches I purchased when I was younger made me a watch enthusiast/collector so that over time I worked up to purchasing that Rolex. Sure, I’ve sold a few & traded a few but I still have & enjoy my watch collection & it all started with that affordable Timex/Citizen/Bulova/Seiko.
I would be weary of buying gold & silver these days. Fraud and deception seems on the increase these days.
Yeah. I’m a $5 gold Indian kinda guy. They’ve Always been my favorite
Bro, these prices are way too high. I bought today 10 june 2023 2g and 5g Metalor bars and I paid 125€ for the 2 gram and 305€ for the 5 gram bars and the cheapest 1 gram they had was a PAMP 1gr for 70€…I bought them from a jewelry store in Wien Mitte The Mall , Vienna.
Premiums u will never see back when u really need the gold. At that time its about the weight only. So paying 10% over is dumb in any ‘prep’ way possible