Gold Buying Advice for 2024

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  • čas přidán 25. 01. 2024
  • This video is meant to help detail how to get started buying gold. Whether you're a beginner or you've been at it for a while now, there's some very specific advice that is easily lost in the excitement of buying. This video is meant to help you confidently get started buying gold. If you'd like more detail, here's a prior video with more detail: • How to Buy Gold - Star...
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Komentáře • 436

  • @JONATHAN-Friedrich
    @JONATHAN-Friedrich Před 2 měsíci +460

    I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

    • @JONATHAN-Friedrich
      @JONATHAN-Friedrich Před 2 měsíci

      @Wilhelmina-Luisa That's actually quite impressive, I could use some Info on your FA, I am looking to make a change on my finances this year as well

    • @JONATHAN-Friedrich
      @JONATHAN-Friedrich Před 2 měsíci

      @Wilhelmina-Luisa I will give this a look, thanks a bunch for sharing.

  • @Metal_seer
    @Metal_seer Před 5 měsíci +15

    I first bought gold in March of 1980 for about $250/oz. If I had bought just an ounce a month, I would have almost 500 ounces now, worth over $1million. If you are young, start your savings plan now.

    • @2is1gold
      @2is1gold  Před 5 měsíci +2

      We need to perfect that Time Machine!

  • @gmanEVO
    @gmanEVO Před 6 měsíci +78

    My goal for 2024 is 6 Oz. I went pretty hard on gold in 2023.. Picked up 22 Oz of gold and 1 Oz of platinum.

    • @2is1gold
      @2is1gold  Před 6 měsíci +14

      Nice!

    • @johngarza424
      @johngarza424 Před 6 měsíci +10

      Damn thats a lot that's bad ass

    • @1R3VOLUTION
      @1R3VOLUTION Před 6 měsíci +4

      That awesome!! Always have a goal no matter how big or small.

    • @AurumAura31103
      @AurumAura31103 Před 6 měsíci +14

      WOW, 22 oz in 1 year!? Had you put that into an S&P index fund (even just $10k) you'd have had a 24% return. That's ~$12,500 now after just 1 year. In the form of gold, all that money is essentially frozen and cannot work for you. Some individual securities I acquired last year did even better. Happy stacking!
      Great channel!

    • @1R3VOLUTION
      @1R3VOLUTION Před 6 měsíci

      @@AurumAura31103 you know gmanEVO just said he did that in 2023 he didn’t let us know about all the properties he acquired in 2018 and how those have risen drastically or that he also invested in Bitcoin in March of 2020 when it was $3,000.00. He just gave us a glimpse into the wealth he froze in case all else fails. You never show your whole hand.

  • @markgotschall2914
    @markgotschall2914 Před 6 měsíci +14

    Started with pre-33 in 1994, have been buying 24 Carats lately, adding 4 oz/year, mix of 1/4, 1/2 and full oz, depending on whatever cash my side hustle brings in, as I am 'retired'. Slow and steady wins the race, you will not get wealthy buying precious metals, it will preserve the wealth you build.

  • @Goldylocksss
    @Goldylocksss Před 6 měsíci +40

    Simple for me in UK, been stacking ONLY full sovereigns and 1oz gold Britannias, perfect😊😊

    • @2is1gold
      @2is1gold  Před 6 měsíci +6

      I’m jealous of your CGT exemptions!

    • @edb3877
      @edb3877 Před 6 měsíci +6

      @@2is1gold Agreed. We need more states to declare gold and silver to be "money". If enough states do this, the US Gov *may* follow. Hope so.

    • @willemlabuschagne2557
      @willemlabuschagne2557 Před 5 měsíci +3

      Stacked gold (fractional) & silver (1 & 10oz)... I live in South Africa with an extremely unstable economy & decided to liquidate the majority of the silver & only go for gold in 2024.

    • @H.M.SKingGeorgeV
      @H.M.SKingGeorgeV Před 5 měsíci

      I'm from the U.K too. Do you not see the Royal Mint's digigold as a good idea for savings in the long term??

    • @H.M.SKingGeorgeV
      @H.M.SKingGeorgeV Před 5 měsíci

      ​​​@@2is1gold, it may be worth touching up on in a video, even though you're from the U.S. I wouldn't mind your advice on it either. ^
      I am aware that the Royal Mint's digigold service is susceptible to cyber attacks, but should that reason alone make me stay well clear of it?? It's worth mentioning that it does attract CGT and VAT, but you don't pay for premiums.

  • @ArrickthaRed
    @ArrickthaRed Před 6 měsíci +29

    Been watching your channel for a year now so still new to this. This video really helped put things in perspective. I find it hard to stay patient and buy smart. Trying to stay focused and not get distracted by shiny objects, which is very difficult when dealing with shiny objects.

    • @2is1gold
      @2is1gold  Před 6 měsíci +4

      Ha, it’s definitely hard. When the bad choices are still pretty good, that makes it even harder! 😄 The little mistakes escalate in a sale, though. I learned that lesson the hard way. (By repeating it twice!)

  • @MikeMarcangelo
    @MikeMarcangelo Před 5 měsíci +7

    This is the best no-nonsense gold channel on CZcams, thanks again, sir.

  • @edb3877
    @edb3877 Před 6 měsíci +38

    Love the advice on keeping the gold stack simple. I only stack AGEs, Maples, and Britannias.
    As to fractionals, yeah, I know that they cost more per oz. but they also give me more. Not more gold, of course, but more flexibility. During hard times,
    I only want to sell as much gold as I need to sell to meet whatever needs I might have at that time. This keeps more of my wealth in gold, rather than
    whatever fake money currency the US Gov is pushing at the time. IMO, this could be MUCH more important than whatever premium I paid for the
    fractional gold coins. That said, my stack is about 75% in 1-oz. coins, 15% 1/2 oz. coins, and 10% in 1/4 oz. and coins, by weight. It's a good mix
    and should do what I need them to do.
    The end game for this gold stack is to: 1) ensure that I can always pay my property taxes; 2) augment my retirement funds, if necessary; and 3) leave
    something for my kids and grand kids that will (hopefully!) make their lives a little better. The gold stack is not all that they will receive but it is the
    largest part of what seems likely to be most reliable during hard times.

    • @2is1gold
      @2is1gold  Před 6 měsíci

      Great rationale. Cheers!

    • @edb3877
      @edb3877 Před 5 měsíci

      @@2is1gold Thank you, sir. Love the channel and the outstanding videos. Comments tend to be pretty good too. 👍 👍

    • @EMan-cu5zo
      @EMan-cu5zo Před 3 měsíci

      1/4 oz gold Britannia are for a good deal at SD Bullion right now. I think about 4.5% over spot. I know gold’s is currently high right now but decent prices over spot.

  • @david.9633
    @david.9633 Před 2 měsíci +1

    Great advice to follow regarding GOLD. I know that I've already taken into consideration a lot of what I've learned through watching your channel once it's come to making my first gold purchases.

  • @jennypalmer8645
    @jennypalmer8645 Před 4 měsíci +2

    Brilliant advice thanks so much

  • @TheQuickSilver101
    @TheQuickSilver101 Před 6 měsíci +36

    One of the most important things you mentioned that many folks ignore is consistency. Probably because seeing a bunch of different designs is exciting.
    Find the most liquid coins in your area and make a list of them. Then figure out what you like the most and stick to those. Trust me when I say that having a pile of the same kind of gold is pretty exciting. It's also far easier to sell when the time comes.

    • @2is1gold
      @2is1gold  Před 6 měsíci +11

      Yeah, it's so clear... after the fact. Cheers!

    • @christophermccormick8670
      @christophermccormick8670 Před 6 měsíci +2

      Amen 🥃

    • @edb3877
      @edb3877 Před 6 měsíci +2

      "Find the most liquid coins in your area and make a list of them."
      Note also which metals are favored. When I dropped in to the largest LCS in my area a few months ago, they didn't have a single oz. of Pt or Pd to sell.
      They were 100% in gold and silver. Pt and Pd prices are down, so it's tempting to buy low in the hopes of selling high later. While that might work, it
      also might mean that you'll have to sell them online. Not that this is usually an issue but it can cause your sale to take longer and the added risk of
      losing a shipment will be there as well. Straightening that out can take weeks or more.

    • @TheQuickSilver101
      @TheQuickSilver101 Před 6 měsíci

      @@edb3877 I know some folks really like platinum but making sure that they can sell it easily is a good idea. Some shops I've visited have zero interest in buying either Pt or Pd. If their customers don't want it they're probably not going to buy it and if they do it's going to be something they resell to their dealer network so they'll be paying way under on it

    • @tonyw.3210
      @tonyw.3210 Před 6 měsíci

      My LCS likes the AGE over the Buffalo by $50 on buy back, I was surprised

  • @hangfire6368
    @hangfire6368 Před 6 měsíci +4

    Maples look so nice. I've successfully bartered with gold more that once without issue so that is also an option instead of selling outright.

  • @gen10nine43
    @gen10nine43 Před 5 měsíci +2

    Still here, thanx, I've been thinking this way for a while now. U da man!

  • @pollodesvealdo
    @pollodesvealdo Před 5 měsíci

    Brother, you are definitely doing it the right way, I started stacking almost 12 years ago, learned the hard way many times, couldn’t differentiate between collecting and stacking and like I said your way is right way and the way for me now.

  • @richardcrum7443
    @richardcrum7443 Před 5 měsíci

    I am do glad I hit your videos tonight , your teaching me what I need to know thanks. I am a broke guy living almost week to week but trying to buy a few gold coins when I can do yes you have all good info.

  • @rabidhamster8987
    @rabidhamster8987 Před 6 měsíci +22

    I don't have that much money to save in gold and silver, but I will prioritize gold over silver (even with the low silver price). I really want to buy a gold buffalo because it is precious coin.

    • @MultiDevildog
      @MultiDevildog Před 5 měsíci +4

      silver is a sure shot. don't sleep on it.

    • @rayneuy3273
      @rayneuy3273 Před 5 měsíci +1

      Buffalo's a beautiful coin. Also pure 24K.

    • @Artiskon
      @Artiskon Před 5 měsíci

      I hope to buy an ounce of gold during 2025.
      long way to save enough for an ounce...

    • @rabidhamster8987
      @rabidhamster8987 Před 4 měsíci

      @@DrSchor of course I want others coins but the buffalo was my first coin I bought.

  • @MrEric88g
    @MrEric88g Před 5 měsíci

    Thank you man very great info

  • @michaelmccoy2847
    @michaelmccoy2847 Před 6 měsíci +2

    Fabulous video! This is great info for new stackers and also for seasoned stackers to stick to uniformity and watch the premiums. Best wishes to all!

  • @GatorGoldChannel
    @GatorGoldChannel Před 6 měsíci +113

    Instructions unclear, ran out of money 😔

  • @goose7808
    @goose7808 Před 6 měsíci +1

    Started buying scrap jewelry for spot then I started watching you… my safe looks very nice… thanks!!

  • @user-gj6rl7po9q
    @user-gj6rl7po9q Před 6 měsíci +5

    Always uploads when I’m waiting to head into work

  • @eb3Variety
    @eb3Variety Před 5 měsíci +1

    Good to know. Thank you

  • @bobsuruncle679
    @bobsuruncle679 Před 6 měsíci +1

    2:1 Love your experience of perspective from different investors, ability to produce content and industry standards and insights.
    Personally im buying random year 1 oz eagles at spot plus 4 pcnt preems. I love the feel and holding gold.

  • @shappy1255
    @shappy1255 Před 6 měsíci +3

    Good info! Love hearing your strategy. And by the way your videos are the prettiest! 😄

  • @72cmcinc
    @72cmcinc Před 5 měsíci

    Excellent info! I have a few friends and family members I am going to send this vid to.

  • @dealstogo2649
    @dealstogo2649 Před měsícem +1

    Excellent analysis imo.

  • @dadadadada4974
    @dadadadada4974 Před 6 měsíci +3

    One of your best videos! 👍

  • @johnosb4777
    @johnosb4777 Před 6 měsíci +3

    Great video,more platinum royal arms i hope they produce at a low premium and spot.

  • @shawnsenese1760
    @shawnsenese1760 Před 5 měsíci

    Great advice! I only buy 1 Oz American eagles and bufallos for gold so far. Just bought my 2nd bufallo today. My plan is to stack at least 1 oz a year in gold.

  • @davisstevied
    @davisstevied Před 6 měsíci +10

    For me it’s Bullion Sovereigns , Numismatic Sovereigns & 1 or 1/2 oz Britannias if I get some extra money from somewhere!!. The Numismatic Sovereigns, especially modern can be bought for a few percent over spot and who knows how valuable they become in the future

    • @2is1gold
      @2is1gold  Před 6 měsíci +3

      Are you in the UK?

    • @davisstevied
      @davisstevied Před 6 měsíci +4

      @@2is1gold yeah UK so my choices are more based on location & availability 👍🏼

  • @1jjwhit
    @1jjwhit Před 22 dny

    Nice Mnandi! Great video!

  • @colossus8418
    @colossus8418 Před 6 měsíci +9

    Good plan!, my goal for this year is 3oz, - 2 1oz coins and 2 Australian Sovereigns and a 1/2oz Lunar Dragon. Perthmint just gave me their catalogue and i am thinking it will be an interesting year for them. Am currently reading - The richest man in Babylon - Great book to get and great amount of information.

    • @2is1gold
      @2is1gold  Před 6 měsíci +2

      Yeah, good book. Good luck with the plan. Cheers!

  • @ferebeefamily
    @ferebeefamily Před 6 měsíci +1

    Thank you for great content.

  • @EstherRoss-gm8qv
    @EstherRoss-gm8qv Před 2 měsíci +3

    Sometimes I love buying gold with silver designs it really brings out the beauty of it all, with sometimes less the price

  • @bdub2622
    @bdub2622 Před 5 měsíci

    Solid video brother!

  • @joethebassplayer
    @joethebassplayer Před 6 měsíci +11

    I haven't bought any gold (or Platinum) in nearly 6 months... I have been focusing on vintage instruments that have dipped a bit from the hyper buying from the pandemic lock down period. I will start to buy again to complete some tubes" but I am awaiting a drop below $2K... we'll see, maybe won't happen but that is my plan

    • @abubakarrkargbo511
      @abubakarrkargbo511 Před měsícem

      Well am a direct miner in sierra leone,and if you intend to buy from sierra leone feel free to contact me and ask any question based on mining and buying of both minerals

  • @plumairalbannach8492
    @plumairalbannach8492 Před 6 měsíci +7

    For a lower premium am considering 1 oz cast bars over coins or rounds, only from Mints like Perth for ease of recognition

    • @awakenotwoke4830
      @awakenotwoke4830 Před 5 měsíci +2

      Be careful there are counterfeit Perth mint bars out there.

  • @basilfoster3107
    @basilfoster3107 Před 4 měsíci +1

    Thanks for the video. I am retired and on fixed income, a monthly purchase of a quarter ounce coin is my only alternative. I go with the lowest premium which is Britannias for now.

  • @awakenotwoke4830
    @awakenotwoke4830 Před 5 měsíci +2

    I've been following you a couple of years now. You have the best most informative channel on CZcams. You always keep it interesting and classy. Thanks
    I've been told that the American bullion is almost as disliked as Americans worldwide. Canadian Gold maples are the most accepted.

    • @2is1gold
      @2is1gold  Před 5 měsíci +1

      If I was buying for anywhere other than the States, GMLs would easily be at the top of my list. Cheers!

  • @justsomeone6835
    @justsomeone6835 Před 6 měsíci +1

    Great video 👍🏻

  • @SolemnStacker
    @SolemnStacker Před 6 měsíci +49

    My 2024 base goal is 1/4 oz Gold monthly.

    • @2is1gold
      @2is1gold  Před 6 měsíci +3

      🤜🤛

    • @joncooke9515
      @joncooke9515 Před 3 měsíci

      Same here, along with 10 ounces of silver.

    • @abubakarrkargbo511
      @abubakarrkargbo511 Před měsícem +1

      If on regular basis i can be consistent supply for a longtime

  • @cbk1232
    @cbk1232 Před 5 měsíci +1

    Good advice.I have a lot of different coins and bars. I love the buffalo and older eagles.sometimes you just have to get one libertad or a kukerand just to have one or a French franc!!

  • @jasonc8705
    @jasonc8705 Před 2 měsíci

    Solidly made video.

  • @krankcase7368
    @krankcase7368 Před 5 měsíci +1

    That CRK Mnandi is nice! Love the box elder work they do

    • @2is1gold
      @2is1gold  Před 5 měsíci +1

      Agreed. They do a great job. Cheers!

  • @skullstaxx
    @skullstaxx Před 6 měsíci +1

    💯. Keep it simple

  • @natemr4482
    @natemr4482 Před 6 měsíci +2

    Great video brother thanks for the info nice stack of gold 🪙 coins have a great weekend brother 🥃🥃🥃

    • @2is1gold
      @2is1gold  Před 6 měsíci +1

      Yeah, have a good weekend there too! 🥃🥃

  • @Brafie37
    @Brafie37 Před 6 měsíci +2

    I plan to buy two 1/4oz gold eagles this year which will put me at another ounce since I've already got two 1/4oz then focus on silver.

  • @pnpdynamic9720
    @pnpdynamic9720 Před měsícem +3

    Just subscribed! bought my first 50 dollar silver purchase today !

    • @2is1gold
      @2is1gold  Před měsícem

      🤜🤛

    • @abubakarrkargbo511
      @abubakarrkargbo511 Před měsícem

      Great buying minerals and keep,because its an investment. Incase you want to buy gold in dust form, from sierra leone

  • @user-ig8is8ry1k
    @user-ig8is8ry1k Před 6 měsíci +6

    I only buy gold Buffalo (1 oz), I picked up 4 this month, but want another 8 oz before end of 2024. My goal is usually 10 to 12 oz per year, so long as the prices don’t skyrocket.

  • @daverevs
    @daverevs Před 6 měsíci +1

    It took me a few years, and a few of your videos, but I finally settled on 1x britannia, 1x sovereign and 1x something I like, such as a 1x krug or perth coin from the year I'm in, per year. Its only just over 2oz per year, but its not a bad UK pension plan 👍

    • @2is1gold
      @2is1gold  Před 5 měsíci +1

      Nice. Anything from the Royal Mint will be CGT exempt for you. Cheers!

  • @LizaJane84
    @LizaJane84 Před 6 měsíci +1

    Great information but the %'s are much lower with Minot Coins & Coinhuskers!!! Your right that the buy sell spread is important to Research! Also the Maple Leafs always seem to be a better value than the AGEagles "but" I'm NOT a fan of Charlie on the back so I'll opt for older ones with Queenie!

  • @mdavid2100
    @mdavid2100 Před 6 měsíci +2

    As always a great informational video, thank you. Okay, silver, ugh. I have some 1 oz. silver maples I've lined up for sale. They are at a depository, so it's fairly easy to move them. The huge problem for me is the fluctuating sell premium. I needed my sale price to be $23.33. I had it all figured out if the spot price would go to $23.08 and the current sell premium was $0.25. I arose from slumber Thursday (yesterday), and oh boy Silver Spot was over $23.08. By the time I got the old laptop fired up and logged into the depository the spot price had dropped to $23.08, I gotta hurry. I checked to be sure the premium sell price was still $0.25 BUT the dealer had dropped the sell premium to $0.05. So, I still haven't sold the silver maples. Just more frustrated with Silver.

    • @2is1gold
      @2is1gold  Před 6 měsíci +3

      Frustrating. Not much of a tailwind for silver at the moment. I’d guess it’s coming, though. Cheers!

  • @shacklord
    @shacklord Před 6 měsíci +5

    I have a 8 oz yearly goal. I buy Buffalos and I buy 1/2 oz Eagles. I could probably buy a couple more ounces. But I like to put cash away for those unexpected expenses.
    I admit to blowing some on travel too. 😉

  • @catherinedesilets8960
    @catherinedesilets8960 Před 6 měsíci +1

    Buying with exit plan in mind always is the only way to

  • @wsbill14224
    @wsbill14224 Před 5 měsíci +3

    Forget about platinum. I bought gold at $1138 when platinum wasn't much cheaper. 9 years later gold has almost doubled while platinum fell from over $1000 to $850. Boy am I glad I resisted the temptation to buy platinum!

    • @abubakarrkargbo511
      @abubakarrkargbo511 Před měsícem

      Incase you want to buy by grams from sierra leone feel free to contact me because am a local miner too

  • @Eli-qr9hc
    @Eli-qr9hc Před 5 měsíci +1

    Great content. I really did love this topic I like a lot of your videos, but this one really hit home base especially with saving toward retirement. I’m very mindful that I spend 10% or under for quarter ounce coins and 10% or less or also the 10 ounce coins.

  • @russelder9743
    @russelder9743 Před 5 měsíci

    Just found your channel and subbed ...I am 70yo and retired started on Silver with 50 1oz coins and 1 10 oz bar...then I got the itch for gold but with a Silver wallet....can only manage 1/10oz coins...have 2 now and would like to do 1 a month...lol don't beat me up too bad

  • @OffGridandOutdoors
    @OffGridandOutdoors Před 5 měsíci +1

    Thx bro.

  • @geostall
    @geostall Před 6 měsíci +2

    Another good informational video, thank you. My state charges tax on purchasing anything less than 999.

  • @boilermatt
    @boilermatt Před 6 měsíci +2

    Cheers. Happy Friday!
    A youtuber today said the US Mint plans on ceasing production on platinum coins. Doesn't affect me but it's semi-interesting if true. Might have to buy 1 just cuz.

    • @2is1gold
      @2is1gold  Před 6 měsíci +4

      I’m surprised they’ve sold enough to keep it going this far. 😄

    • @boilermatt
      @boilermatt Před 6 měsíci

      @@2is1gold 🤣

    • @awakenotwoke4830
      @awakenotwoke4830 Před 5 měsíci +1

      I saw that also so I looked on the US mint, totally false "insider info". 2024 APE release is February 8th. Guy probably has a pile he can't sell so he makes up stories. IMO platinum had it's day, it's been replaced by palladium.

  • @RealPerthMintStacker23
    @RealPerthMintStacker23 Před 6 měsíci +3

    My plan….. Perth mint then buffalos and eagles on dips. Something special about the quality of Perth series coins

    • @2is1gold
      @2is1gold  Před 6 měsíci

      Perth Mint nails their designs.

  • @WEthePEOPLE_888
    @WEthePEOPLE_888 Před 5 měsíci +1

    Grabbed some Ag when it dropped 10% last week but waiting patiently.

  • @SaltpeterTaffy
    @SaltpeterTaffy Před 6 měsíci +4

    I know yours isn't the only opinion around, but it resonates with my sensibilities. After binging your videos, the biggest takeaway for me personally is that a lot of the non-numismatic silver I've bought would be difficult to sell at best, and while I got it all at good prices, it won't be worth the hassle later on down the line...damn.
    So I was thinking I might turn it into jewelry, maybe add some value to it through labor. I dunno, is that too fanciful? Let's assume I'm not too worried about recouping the cost of the tools, since I buy many tools in my line of work, anyway.

    • @2is1gold
      @2is1gold  Před 6 měsíci +1

      You can flip semi numismatic silver pretty successfully but it takes work. The problem is the people “promoting” it typically have personal platforms, so it can seem easier than it actually is. I don’t know enough about jewelry to say much there, but I’d guess you probably have a number of options. Cheers!

  • @janicejohnson1334
    @janicejohnson1334 Před 6 měsíci +2

    This the best presentation - Information that is XTRMLY important & Information that should be Embraced, Absorbed & Aapplied to any & all Au Gold buyers ( new or old buyers ) Very Important to establish a VERY clear & Precise exit plan *** AND *** be sure to share this plan to others who will benefit in the event you cross over.
    **** Really enjoy 2 is 1 Presentations * * *
    Many Content presenters can learn alot from 2 is 1
    The professional, calm voice, easy to understand material, straight information with no gimmicks.
    Stay away from snake oil salespeople that offer you round stickers if you watch their channel
    If you buy what you like . . OK
    However . .
    I want product that local sellers will pay top $$$, I want product that dealers will B looking so they can sell for that quick flip.

  • @wd3574
    @wd3574 Před 6 měsíci

    My local coin shop deals with Eagles, Maples, and Krugerrands. So those are my concentration although I prefer the Eagles over Krugerrands for some reason.

  • @user-lz5ff3ju1c
    @user-lz5ff3ju1c Před 6 měsíci +1

    Excellent 👍 video 👏

  • @Equinox048
    @Equinox048 Před 6 měsíci

    What’s your view on the 1oz gold Scottsdale mint napoleon coin/series in general? I’m debating picking up the 1oz.

  • @wda-59-14
    @wda-59-14 Před 5 měsíci +1

    Well, I've made mistakes with metals, too, before consolidating on the same coins you mention here...but I've been lucky enough to make trades with my LCS that weren't all that painful. The mistakes I've made with custom guns that didn't function as designed and high-end knives that didn't fit my hand...that was painful...but that's a discussion for your other channel, someday...

    • @2is1gold
      @2is1gold  Před 5 měsíci

      There are definitely harder categories to make mistakes in. I’d love to trade out of a particular Staccato right now. 😄

  • @ebikescrapper3588
    @ebikescrapper3588 Před 4 měsíci

    Put a good live spot price chart on your phone / computer. Buy when spot is low if you can, people don't have the time to keep a constant eye on live charts.
    I only buy gold sovereigns, cheap, low premium, easy to sell, store them in capsules to keep in good condition.

  • @WorldMoneyWins
    @WorldMoneyWins Před 5 měsíci +2

    Excellent advice. I would advise myself to use the same method starting out.
    After a substantial base-stack, I still wander over to collecting different stuff, but that is only for my own entertainment, and not as efficient. But its fun. :-)

    • @2is1gold
      @2is1gold  Před 5 měsíci

      Yeah, work before play. 😄

  • @roundhousemusic1627
    @roundhousemusic1627 Před 5 měsíci +7

    Nice job without all the world is going to end today.

  • @roxychic367
    @roxychic367 Před 6 měsíci +7

    In Australia we typically don’t have 22crt gold as that’s taxed, 24crt is what people buy to be not taxed on purchase. Our coin shops don’t get in eagles only buffalo’s due to this tax rule either 22crt.
    then CGT is 50% if you hold it 12 months or more.
    Maples tend to be cheaper than kangaroos for some odd reason.

    • @plumairalbannach8492
      @plumairalbannach8492 Před 5 měsíci +1

      Most Aussie Bullion dealers have Krugerrands available at times and they are also 22 ct, there are a few around that bring Eagles in every so often but as you say gst takes the fun away. They also pay tax on Palladium in Australia

    • @roxychic367
      @roxychic367 Před 5 měsíci +1

      @@plumairalbannach8492 and rhodium is so unattractive with most dealers only buying back at 50% or not at all

    • @Andy123au
      @Andy123au Před 3 měsíci

      Buy with cash mate and keep your transactions under $10k

    • @roxychic367
      @roxychic367 Před 3 měsíci +1

      @@Andy123au Australia is reportable over 5k and tax must be paid on 22crt gold no matter what value.
      Buy one coin at at time is the method here.

    • @Andy123au
      @Andy123au Před 3 měsíci

      @@roxychic367 ok, thanks for the good info. I thought it was $10k but I don’t know where I got that number from.

  • @YaGhAd
    @YaGhAd Před 5 měsíci +1

    I love how the eagle looks.. i wish we had them in my country. I love that Chris Reeve also😅

  • @richardmetcalf2346
    @richardmetcalf2346 Před 5 měsíci

    Always shop around and check out online sales from reputable dealers. There can be a substantial difference in prices from one site to another.

  • @NIGHTHAWK.
    @NIGHTHAWK. Před 6 měsíci +1

    Nice

  • @TheNiteWolve
    @TheNiteWolve Před měsícem

    Could you do a similar video for silver? You've talked about silver a lot, and i understand some things. Stick with Silver Eagles, and don't pay for shipping. But still don't have a clear plan for it. Is it alwo good for savings, or is its use different? Should i buy based on the premiums? Just wish there were a similar video like this for silver.

  • @lanceself3451
    @lanceself3451 Před 5 měsíci +1

    Thanks. I highly value your advice. In your opinion should I get my Buffalos graded seeing that they are a softer coin? This not only preserves them, but also athenticates the coin and gives it a grade or am i wasting my money?

    • @2is1gold
      @2is1gold  Před 5 měsíci +1

      That’s an easy “no”. It will cost you time and money and won’t add any value. Grab some capsules, and you’ll be good. Cheers!

  • @goldcic
    @goldcic Před 6 měsíci +1

    Sounds about right. I do some numis too but that's a long play.👍🐣

  • @sanjay_ksh_vfx
    @sanjay_ksh_vfx Před 5 měsíci

    What’s better gold maple, buying old coins like before 2010 or the new ones? or both have the same value?

  • @davidparker5345
    @davidparker5345 Před 6 měsíci

    100 % detailed plan. Hope my guardian angel is wataching. Depend on quick review and hope I get the details right. Paper check is cheapest and easiest method of payment.I don't pay shipping. This has to be good right? Leave well enough alone and order and mail check on Mondays. Makes it to Willy Wonka' s factory within his 3 day limit.

  • @nycveneto
    @nycveneto Před 6 měsíci +2

    would you happen to have a discord by any chance? thanks for all of your content

    • @2is1gold
      @2is1gold  Před 6 měsíci

      Sure do. discord.gg/yBP33yh7WG

  • @LD_Tush
    @LD_Tush Před 4 měsíci

    Gold at ATH, I think it's time to start a half oz tube! I'll have to check the premiums 👊🏻

    • @LD_Tush
      @LD_Tush Před 4 měsíci

      @DrSchor definitely not buying gold at these prices. Prices are obviously at an ath. No clue why i posted that. Lol. Truthfully, im not even buying silver at the moment.

  • @christophermccormick8670
    @christophermccormick8670 Před 6 měsíci +1

    Most important point you made, “exit strategy”. How quickly can you sell and how much. Liquidity that’s not punitive.
    Cheers 🥃

    • @2is1gold
      @2is1gold  Před 6 měsíci +1

      Cheers! 🤜🥃🥃🤛

  • @labby2
    @labby2 Před 6 měsíci +2

    As always, I think you are right on the money... No pun intended. lol

  • @basilfoster3107
    @basilfoster3107 Před měsícem

    As someone who only has a small budget, a quarter ounce of gold per month is what I can afford.
    I prefer 24 karat gold over 22 karat, because outside of the United States it is preferred.
    Canadian gold maples are the most recognized 24k gold coin in the quarter ounce size and it has security features. This is my first choice.
    My second choice is quarter ounce gold britannias, due to recognizability and security features.

  • @mickeylickey123
    @mickeylickey123 Před 5 měsíci +1

    What I've learned is that in most cases, you can pick up a 1 oz pre year coin for cheaper than the current date coins. If you plan to sell a coin now and then, it doesn't matter what year it is. You will get the same price either coin. Hence, I buy pre year coins.

    • @mickeylickey123
      @mickeylickey123 Před 4 měsíci

      @DrSchor True but I mean newer bullion, like maples

  • @ansc89
    @ansc89 Před 6 měsíci +1

    🥇🥇🥇 😊 gr8 info

  • @go4it129
    @go4it129 Před 6 měsíci +1

    I have 3 1 oz gold coins and 18 1/4 oz. I refuse to buy a 1/10 oz because of the ridiculous premium. Just bought a half oz AGE. Thinking I should have just waited an bought a 1 oz

  • @DudeAutonomy
    @DudeAutonomy Před 5 měsíci +1

    Good video...

  • @peglegvideos
    @peglegvideos Před 5 měsíci

    Darn man, I have been buying as many different random coins as I can. I like having a variety to look at.

  • @LMUstacker
    @LMUstacker Před 5 měsíci +1

    locally we have marenghi, known worldwide as the european 20 francs/liras; with a bit of luck in finding the right place, you can buy them with 3%+ premium and when you sell them the shop will keep another 3%+ cut. But we pay 26% taxes on the surplus income (you buy for 350, 10 years later you sell for 400, you have to pay 26% of 50). Firm points I've learnt from you and other channels: don't buy gold for investment, buy it as an emergency plan in case your country/currency collapses, and to preserve the value of your savings. Two thousand years ago, a cow would sell for 2 gold coins; in 2024, a cow still sells for two gold coins.

  • @plumtree1846
    @plumtree1846 Před 6 měsíci +4

    At 11:00, the tough truth on fractionals stings quite a bit. Do LCS realize it gives them a bad name? Have they no shame?

    • @2is1gold
      @2is1gold  Před 6 měsíci +1

      It adds a wrinkle for sure.

  • @Crypto-Possible
    @Crypto-Possible Před 6 měsíci +2

    Besides philharmonic gold coin, what is the best option for a gold coin in Europe? I live in Romania. Great videos, keep up the good work! 😃

    • @user-st8bk4sk9i
      @user-st8bk4sk9i Před 6 měsíci +1

      You can choose Krugerrands - they are very popular and liquid in Europe

    • @Crypto-Possible
      @Crypto-Possible Před 6 měsíci

      @@user-st8bk4sk9i what about Franz Joseph - ducat gold coin? Here is quite known.

  • @vicperez465
    @vicperez465 Před 4 měsíci

    Is there a tube that fits OZ gold coins with the capsule. If so what size do I need?

  • @NefariousEnough
    @NefariousEnough Před 5 měsíci +4

    No advised buyer will ever refuse to pay a fair rate for a share of a well-managed, profitable corporation.

  • @shan4078
    @shan4078 Před 6 měsíci

    For about 15 years I only bought gold but a few years ago I decided we needed to buy some silver as well. I started buying silver eagles. I have been buying from on line dealer but stopped buying silver eagles because of the premiums. I knew that Costco sells both silver and gold but only sell on line and it sells out fast. Last week I was on Costco looking on line and they had silver Eagles by the tube. Premium was only 3 dollars and some cents. I bought 2 tubes, their limit. Keep your eyes out if you are Costco member. They sold out in 24 hours.

    • @awakenotwoke4830
      @awakenotwoke4830 Před 5 měsíci

      3 dollars premium per coin, or for the tube?

    • @shan4078
      @shan4078 Před 5 měsíci

      @@awakenotwoke4830 per coin

    • @shan4078
      @shan4078 Před 5 měsíci

      ​@@awakenotwoke4830Per coin, Costco is Costco so they only sell in large quantities. They don't sell individual coins.

  • @ronejr766
    @ronejr766 Před 6 měsíci +1

    Do you think the fractional lunars will also appreciate pretty well.. even though they aren’t a limited mintage like the 1oz lunars?

    • @2is1gold
      @2is1gold  Před 6 měsíci +2

      Honestly, I buy the 1/4 oz Lunars because I intend to give them away. I’m not sure how they’ll perform in a sale.

  • @johnparker8167
    @johnparker8167 Před 5 měsíci +2

    For the 1/4 ounce gold, why do you choose Eagles over Maples or Britannias? Seems like a solid choice, but just curious if there is something that gives them an edge in that size?

    • @basilfoster3107
      @basilfoster3107 Před měsícem

      I think the quarter ounce maples are better buy because they have security features, a lower premium, and are 24 karat gold instead of 22k

  • @mykittenisagrandmaster4381
    @mykittenisagrandmaster4381 Před 5 měsíci

    I have wondered how many people have purchased silver coins or bars that are low mintage at a decent price then waited to see if what they purchased has gone up and traded it for gold I've done it with the Spiderman Tuvalu coins when they came out purchased a full roll at 600 something waited until they were selling for over 100 a coin and traded 20 ounces of silver for one ounce of gold I did the same with some other items

  • @miguelfguerrero5
    @miguelfguerrero5 Před 4 měsíci +1

    Big ballers on here sheesh. My goal is to get started with some American Eagles. I'd like 2 oz.

    • @abubakarrkargbo511
      @abubakarrkargbo511 Před měsícem

      Why can't we do business for a longtime and start with few grams