How to Buy Gold - Starter Guide ✅
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- čas přidán 17. 02. 2023
- Which are the best gold coins or bars to buy? Where is the best place to buy gold coins? How much should you pay? Are fractional gold coins a good buy? This video is a Precious Metals Buyer's Guide. Basically, everything I wish I knew when I was starting out. It should give you all you need to know to be able to confidently get started buying gold. For more information, take a look at my channel video page: www.youtube.com/@2is1gold/videos
Price comparison site mentioned: findbullionprices.com/
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I buy gold and other assets on a dollar cost average schedule and then buy more as price and interest allow. If you want to know more about buying gold coins, that is my primary focus here. I talk a bit about cryptocurrency, mining stocks and other equities as well. Cheers!
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Disclaimers: I am not a financial advisor, a CPA or an attorney qualified to give financial advice. Nothing I say is meant as professional or financial advice. I'm just a guy on the internet, talking about precious metals. This is for entertainment only. If you're looking for financial, tax, legal or other advice, please seek out a professional. I will NEVER ask you to send me money to trade or invest for you. Please report any suspicious emails or fake social media profiles claiming to be me.
Some links in the description may be affiliate links. As an Amazon Associate I may earn commissions from qualifying purchases. Any potential compensation I earn will not negatively affect your purchase. In some cases, I may receive payment or other consideration from the companies mentioned in the videos or descriptions. No matter what I or anyone else says, it’s important to do your own research before making a financial decision.
Thank you!
Have you subscribed? We'd love to have you! czcams.com/users/2is1gold
Yes. Love your channel
@@stanleyhaller8991 Thank you!!
Yes! Compliments on the delivery of content.
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.
@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
@Wilhelmina-Luisa The crazy part is that those advisors are probably outperforming the market and raising good returns but some are charging fees over fees that drain your portfolio. Is this the case with yours too?
Social security runs out before im even 40 im 22 rn and apparently they are raising retirement age to 75??????!!!
I keep reading this exact same comment on different videos which creeps me out right proper
Spam
I started collecting silver and gold coins... a great investment for my family 100 years from now... I live in a city where people throw thier cans away...I pick them up each day ..I spend about 2 hrs walking and after two weeks I cash in and buy a 5$ silver coin.. I have so many stacking and the money never came from my paycheck.. I hope my great great grandkids enjoy this
Your awesome man I was thinking that same thing with the beer cans here in my city aha good one buy silver lol handing in aluminum for a buy of silver
Careful I'd keep recycling receipts or something you never know with these crooks, once they get a whiff they'll try to tax you
Where do you buy the coin?
Thank you. Just what I needed to watch. My hubby and I are directors of our farm business and own property, plus small pensions. I am nearly 52, hubby is 55. We have started to save to retire from the farm, and possibly live on rental income, I'd really appreciate you go LIVE and talk about how to earn passive income online and retire comfortably, let’s say $1M.
consider financial planning.
It really isn’t about how much you save, it’s about how you manage your money. Whether you work to earn income or invest, it still boils down to income vs expenses, so yeah you may look into financial advisors for a strategy that suits your timing.
I totally agree, I'm 60 and newly retired with about 1.2 million outside retirement funds, no debt, and very small dollars in retirement funds compared to my portfolio balance over the past 3 years till date. tbh, the role of the invt-advisor can only be overlooked, not denied. just have to do your research in finding a reputable one.
@@jeffery_Automotive My partner’s been considering going the same route, could you share more info please on the advisor that guides you?
The adviser I'm in touch with is 'Julie Anne Hoover' She works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else, for me her strategy works hence my result. She provides entry and exit point for the securities I focus on.
I'm 27 years old and I must say this is one of my favorite videos ever created. I agree with everything you said, well put and thank you!
Lol
Buy what you can afford. A tenth ounce Eagle is better than no Eagle. No body said you have to spend 1800 on an ounce. Buying the small stuff is ok.
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Fabulous fractionals 👍
1/4 prob be the lowest i go just bc of premiums. But yes some gold is better then no gold
Sometimes luck and patience come together to get some low premium fractional...
Depends on where you live. In California any purchase under $1500 has to pay sales tax. That can add an additional 8%-11% on top of ridiculous high premium on fractional. If you are spending $1500 might as well save and buy 1oz at 7% premium instead of 1/10 or 1/4 at more than 20% premium.
Whatever you do if you want to buy gold and you have a ton of cash Make sure to go slow. Saving a little extra cash won’t hurt anything in the near future. You’re gonna kick yourself when the price drops and you wish you had extra cash to buy more gold.
Good point!
it won’t drop lol always go up or go back up
Gold isn't gonna drop come on
Wtf i am reading
I’m thankful I found your site and took the time to listen to your insights into gold and metals. I’m new and have been taking in all the relevant information I can. Not many people are honest and straightforward as you are. I sincerely thank you for sharing so much with everyone that are taking this step. I’m already changing my thought process thanks to you. I’m going through your previous videos and listening to your words carefully. I look forward to your new ones to come as well. Thank you.
2is1 and silver seeker gave me the most knowledge by far than any other source. I remember i was so weirdly nervous first time i walked into a lcs lol and very grateful for all the knowledge you share man! Cheers!!
I really appreciated this video. This was the first video that popped up and it was super informative, and it wasn't trying to promote an agenda/sell anything. So, thank you!
Also to keep in mind is that sales tax requirements vary from state to state. For example, here in California any single invoice purchase over $1500.00 is exempt from sales tax which depending on the city and county where you live could save you between 7.25-10.75%.
I love California and spend a good part of summers there, but they practically tax Air!
Taxation is theft
The entire monetary system, especially post Bretton Woods is based on theft through taxation and inflation. There is not a single Fiat currency in history that has not gone to zero...eventually the dollar will face the same fate, it's just a matter of time.
Where can i find information on the sales tax exemption? I did some searching and cannot find where it is listed.
How have I never heard of this?
15:32 I don’t have questions about gold because I watched all your videos. Thanks 2/1 for re-enforcing my confidence in my physical gold knowledge. Your a wealth of info and a force of logic Keep ‘‘em coming
Hey thank you!!
Buying silver or gold as an idea becomes much stronger if linked to savings generally. Acquiring small amounts of a tradable metal can be more fun than watching a bank balance grow and at the same time lose value, especially in times of high inflation.
You are right!!. Considering the continuous devaluation of the usd.. buying and storing gold is the only way out of this tragedy
How can i get started on buying and investing in gold, i need proper guidance on how to get started
I have purchased gold and silver with almost all my money. Best decision i ever took!!.
@@huldascherer4436 Purchasing gold and precious metals isn't as difficult as most people make it seem.
You just need an approved dealer.
@@talatyalman9476 hit up timothy owen for some advise. He is the best in the game
I was fortunate when I started on gold. I started with a monthly plan with Money Metals Exchange. They were only offering American Gold Eagles 1/10th oz at the time then moved to 1/4 oz later so that's what I have the most of. Although I still don't have much overall weight in gold. Great video, 2 is 1. Thank you.
That's great. Cheers!
Great video for those starting out, have been stacking for many years(way before CZcams) , made some mistakes along the way but I learned from them and moved on. Buying the coins of your country is the best advice you can give .someone just starting out as well as do not get in over our head with exuberance. . FOMO is a killer also . Remember also the first rule of Fight Club, never talk about Fight Club to anyone. less other know the better.
Great points. Cheers!
For someone looking at purchasing Gold this is a great introduction. It is easy to want to just jump in and buy everything you can, when in reality you can benefit from starting slow. First and foremost, identify the primary reason you are looking to purchase gold. That should heavily influence where you should begin and it will help maximize your potential for reaching your goal sooner.
Well put.
I am new just learnt a lot today. Thank you I will share with others for sure.please keep the lessons coming!
Another excellent video! You mention passing your gold to your kids. I plan to do the same. I would just like to add that when my boys come to visit, I make a point of showing them my latest purchases so they have an idea of what I have. I have taken them with me to some coin shops and they watched me make purchases (and walk away if the price isn't right). While there, I ask the shop owners questions about what they pay for a particular coin or bar, the differences between, what they like to buy and what they don't. I do this so my boys will "see" how it is done and take some of the mystery out of it. I have a spreadsheet that has all the info about the coins as well as business cards from local dealers and info from online dealers. My hope is that when I am gone, they will have an idea of what they have and how to best liquidate if need be.
Very important point, and it's great that you're doing it. My family is aware and I have information for them as well, but my kids are a bit young to grasp the importance. I'll be trying to get them up to speed over time too. Cheers!
I started with silver two months ago. Learned a lot over those few months and your videos are actually what got me started. Moving towards gold next year once my debt is gone! 😁
Good man. Don’t go into debt for metals !
Great priority. Cheers!
Amen.
Debt freedom.
Just don't impulse buy make sure checking around different shops premiums local always get u cheaper deal
I've purchased 15 onces of gold bars. Would you recommend contacting JM Bullion and exchanging them for coins and paying the extra charge I'm sure I'd have to pay? Would it be worth it or should I just keep what I already have?
It's nice to see another update to this incredible video. Thanks for all you do!
Thank you!!
There are a lot of people that are new to Gold investing. I mean more than I have seen in 20 years. I go to three local coin shops at least once a week. I run into these new investors that are apprehensive and frankly scared. I try to boost their confidence in a gold purchase, and then direct them to your Channel. I enforce the premise that you are not a pumper trying to sell gold for their own profit, where a lot of channels are.
Thank you for the level-headed advice that you give to so many. A lot of them are truly scared, at least the informed ones are. A voice of reason in times of uncertainty is very comforting and rewarding.
( I personally advised them to get a really good female German Shepherd. A female because you don't have to correct them for running off and doing what we want to do )
PostScript:
Lola says hi 🐾🐾
Thank you! Great dog!
Started with silver a couple months ago. Got some 1oz. buffalo rounds, then 1oz. Buffalo bars. This month I've already bought a kilo bar, a 10 oz bar. And the. Gold I've gotten a single IGR gram bar, a 2 gram valcambi bar, a 5 gram valcambi bar, and yesterday I grabbed a 10 gram valcambi bar. And last night while at work I ordered a 100g silver valcambi divisible bar paid a lot of premium for it but but since I'm in this for the long term like most of you on here I know one day it'll be worth more definitely
Great video the more I learn about collecting physical gold the more since it makes. Thanks for posting this video , I’m a new subscriber and can’t wait to look at all the videos and info you have on your channel.
Definitely a great channel
I love your balanced and trustful approach
awesome video as always. I've always had gold (jewelry) when I was young as a gift from my parents. growing up I've always been fascinated with gold. Its a BEAUTIFUL metal. I dont have much access to gold here in the Philippines but I will soon be buying overseas. I've learned a lot from your video, keep it up man!
Helpful! Thank you
Love your videos man. For now I’m buying a 1/4 oz Gold Eagle per year until I fill an airtite tube. Focusing on stocks/mutual funds until I’m closer to financial independence, then May increase my gold purchases. I like the idea of have a 3-6 month emergency fund in top of my cash emergency fund. Keep up the great work!
Cheers!
All stocks and bonds are about to crash. American currency is going away forever. :((( veryyyyy soon! Some companies will back your 401k/Ira with gold...
I have been stacking for years. This is the best video for beginners ever! It should be “The Universal Beginner’s Guide for buying gold”…….at least for Americans
Thanks for the heads up for a new beginner:)
Loving the knowledge!!!! Inspirational!!!
So informative. Thank you!
Best intro to gold I've seen. I'd say with gold, you can best learn from experience and making mistakes. The main thing is START
Thank you! And I agree - make your mistakes early and don't repeat them. Cheers!
Thanks so much for such an informative video! Much appreciated!
In many cases buying 1/10oz & 1/4oz Gold Eagles, or Maple Leafs is more liquid. Meaning they are often easier to sell if need be. Fact is not all coin shops can pull out $1800-$2000 cash to buy 1oz Eagles. However, it's a lot easier for them to hand out $200 or $500 on 1/10oz's or 1/4oz's pieces. Also, I never recommend buying 1/2oz's because its still right around $1000, so being that close its better if you can to buy the 1oz, or two 1/4oz sizes. I think the best single coin is the 1/4oz Eagle its really right in the sweet spot. Happy Stacking!!!
Thanks for another excellent video. I’ve made 3 mistakes when I started buying outside of numismatics. My first gold purchases were several 1oz. RCM gold bars, (unaware of the drawbacks) my second was generic gold rounds from gold line (premium prices for a not so premium product). I was able to recover from these mistakes with trades. My third was generic silver products. Traded away the majority of generic silver rounds and bars keeping only 50 10oz. Germania mint bars (love these).Yes if your simply going for weight there is nothing wrong with gold bars and generic gold if the premium is in line with the purchase. At the time I didn’t consider ease of resale or tax ramifications as a part of my exit strategy. Now I’m very aware and have accordingly purchased only specific products.
Yeah, different strategies for different purposes. There’s no doubt the choices are important. Cheers!
Excellent information. Thank you!
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This is extremely simplified (I’m assuming) but it absolutely better prepared me for my next buys. Much love and thank you!! 🎉💯
great info and super funny, thanks!
My VERY FIRST gold video. I want to begin diversifying my portfolio by investing in gold but didn't know how or where to begin. The information in your video really helped demystify the process ... thanks!! I'm on my way!!
Cheers!
When I was 12 I used one of those 1/4 oz coins for $5 dollars at the corner store...at first he said no then looked at it a bit longer and agreed...few years later I found out the worth of gold and was horrified. Lesson learned
What lesson was that?
A ton of knowledge in this video for someone starting out. Great video as always..
Thanks!
Beautiful Stack and great info, thank you!
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good advice, it holds true for anyone in any country to buy sovereign coins, which i have bought in fractional gold form, but chose private mints for rounds and bars of silver & fractional gold, i subscribed
Is the price comparison site that you’ve mentioned in the description box the only one you recommend using? Are there any other sites you would also recommend? I ask because using multiple sites might be useful for cross-checking the information.
Thank you very much for these videos 🙏🏻
Good reminders thx for posting
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Thanks. In the middle of something this morning so adding it to my watch later list to catch up on soon.
I’m really curious how it compares to your original
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An update to the video that had me pull the trigger. Great video as always and thank you for the content
Hey, that's great. Cheers!
good post. thank you. I follow your advise as well. keep it simple- keep it quiet- keep on buying.
My initial gold buying involved a lot of numismatic coins of low mint state which was bad because the online salesman took advantage of my ignorance. Starting out, ONLY buy bullion coins, not numismatic (collectible, graded) coins. Numismatics require a lot of knowledge and dedication, like a hobby.
Good and informative video. Thankful and happy watcher.
Great info as always…thank you, sir!
Thanks!
Thanks for the info! ❤
Great advice & insights! Thank you sir!
Thanks!
Thanks, I needed to see this! I started out buying gold without much direction and ended up with a hodgepodge of bars and coins of different sizes and from different mints. I paid too much attention to spot prices and premiums. It makes for a fun collection but I agree it most likely will be more difficult for me or someone else to sell, especially in bulk when needed. Concentrating now on Eagles and Maples.
Good focus. Cheers!
Great introductory video, will share with some friends that are interested but have not taken the plunge. Thanks!
Thank you!
Good refresher, thank you!
Thanks!
I just want to make an addendum to what you said about gold should not be sold in stores for its stamped price. You are correct in that. However, a number of states have passed legislation to allow gold to be traded for good and services at its weight (although I doubt they’ll give you change in gold as well). Check your state laws for more information about how this system works in your state.
Thanks. Starting out I stuck with 1/10 AGEs. Branched to Maples and Britannias. Then a Kookaburra, Lunar & Kangaroo. Then started collecting Liberty Head Eagles. As opportunities arose I picked up a 1 oz Buffalo, AGE & Britannia. Picked up a St. Gaudens Double Eagle as a birthday present. A few half oz AGEs, some more pre-33 here and there. This year I’m focusing on 1/4 oz, primarily AGEs but have found a couple Half Eagles and picked up a Britannia. Overall there is a plan, even if it seems a bit whimsical.
What's your favorite?
@@2is1gold $10 Liberty Head. Feels good in the hand and has lots of history.
@@tomtharos4440 🤜🤛
Thanks for this great informative video 🤝 also nice to see you have a beautiful copy there of my favorite book: The Count of Monte Cristo… I often think about those grottos and that Spada treasure… time for me to start stacking! Thanks for the inspiration and insight! 🙏🏻 I think it’s going to be all buffalos for me.. it’s just such a stunning piece
I have to say, I'm so excited to see how much I've managed to save by watching this channel and buying gold! My stack is gradually growing after one year of regular buying and, just like you've said, making consistent purchases each month my stack has grown and I am able to sleep easier each night. Thank you for your simple and entertaining suggestions and explanations! Cheers! 😆
This is fantastic to see. That's the message in a nutshell. Cheers!
Wait until your mailman figures out what's coming into your mail box every month and your parcels start getting "misdelivered." That's when your heartaches begin.
@@FaganRoberts that’s why I either shop in person at local coin shops or have deliveries only to PO Box
Start looking into collecting US coins, etc, also. It is addicting.... And on gold and silver. I am buying what I can afford when I can. Price checking of course lol i do like what apmex offers. I look at jm and sd also.
Great video i appreciate the information!
Thanks!
Great video !
I've been wanting to invest in gold for retirement since 2003, so glad I found your channel.
Welcome!
Always watch (and listen) to hear your opinion on Gold issues, forecasts, thoughts, and plans, BUT the real reason I watch is to see your display of satiny, buttery Gold coins. They hypnotize, and mesmerize me, as well as encourage me to continue to add more to my own savings account. After all, why would I put my hard earned dollars into a savings account, where the bank can lend it out to someone else, and make money (interest) off my hard work, while they pay me a few pennies for doing so. Coming into a little inheritance soon, and getting ready to snatch up some more Eagles 🦅. Definitely going to add some full 1 ounce coins, and looking to find some good deals, and waiting for a bit more of a dip in the spot price, say around sub $1,800. Anyways, thanks again 2 is 1 for your indirect encouragement. 😊
Thanks Victor!
Thanks for the great advice
I buy my Gold (online) from Walmart, and they transact with all of the most well known dealers. The reason I buy from Walmart is that they let you pay with a credit card (with no fee) and
have free shipping. I use my Synchrony Premier 2.2% cash back card, so I get my 1 oz. Maples for only 1.7% over spot - I haven't found a better deal ANYWHERE else. I just bought 8 - 1oz.
Maples, which was shipped from APMEX in only 3 days, and I'll be buying another 20 0zs. before the end of this year. I'll be buying a good amount of 90% U.S. coins locally, as I can get it
for only 8% over Spot.
Als0, Walmart has their 1 coin price as low as the 100+ coin price with other online dealers.
Great advice, thanks.
Great info. Also the best book ive ever read in the video.
Excellent, valuable, and kind video, Tio. Well done.
Thank you!
I am really worried about the current bank crisis. If a bank as big as SVB could fail, I fear for a lot more. I know a friend who is running a high-growth startup, and was badly hit by the bank run. I have pulled out more than $340k from my bank. After all, the FDIC covers only up to$250,000, and the implosion could have bad effect. Looking to invest into the stock market now. Does anyone know how I could go about it?
We underestimate the fact that banks are corporate entities also governed by greed. Since 2020, the banks have been over-leveraging their assets, which was one of the reasons for SVB's implosion. I have never been okay with keeping much money in the bank. I simply invest through my financial advisor, collect my profits, which I then spend.
@@Erinmills98 I have learned to not trust corporations. I was badly hit by the '08 financial crisis. Since 2019, I've just been focused on investing through a financial advisor, and it has been paying off, and I'm never going back to banks full time.
@@IrenaDolinsek Thank you for this! Really appreciate.
Get a stock broker/portfolio manager. . He’ll help you diversify, keep the proper amount liquid. You’ll make 7 per cent or more after fees on average compounded which means a great deal over time.
Gold is a hobby or a small diversification in your overall portfolio. It's fun, but gold doesn't generate earnings.
Another Great Video for Beginners! It’s hard as a beginner if your at the fractional end of the spectrum. Buying 1/10-1/4 eagles
When there are “beautiful” 24k fractional gold coins, a lot of them for less money. Hard Decisions. I buy both.
For sure. Perth Mint, Royal Canadian Mint and Royal Mint all have great 24k options. Cheers!
@@2is1gold Shhh 🤫 those are my Favorites! Lol
@@montanastacker noted 📝 bwhaha 😈 😮😂
Jk
Thanks for good info. New subscriber now.
Investment in Gold over the years has proven to be a sustainable source of income but physically and in the the stock market
@@gordongray3627The gold graph keep skyrocketing even in other crypto crash…
How does investing in gold prove to be a source of income?
@@luke2632assuming you would sell some during high price and get cap gains
Thanks for the education !!
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Great video made simple. Thanks!
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Some great info, especially for newer stackers but it's good to refresh the knowledge and I like just listening to your rational thinking. I do take a look at spot at least once a day so if we have a big pull back I can be ready to pull the trigger but what I've noticed lately with the pull backs, like right now on Bullion Exchange they're saying they're sold out of quarter oz and half oz eagles because they don't want to sell it at a loss. The price for a half would be 995 and a quarter at 519 if you could buy it. I understand why they do it but It's a little irritating. It's not like they don't make enough 95% of the year to make up for the losses.
I think you're right about that happening, but with retail demand where it is, they might truly be out. Especially with Eagles. Cheers!
You should mention Sprott Gold etf as you buy a piece of a bigger piece and it is stored and insured. Everyone should have some money in this. If you have enough they will deliver it to you.
What a fantastic channel this is! Your videos are always so informative and interesting. You earned my subscription :)
Thank you!
I just started a few months back, similarly to your point about US coins for us in the United States, I personally only purchase gold buffalo (despite higher premiums) for the ease of transfer to my children when the inevitable day comes.
Leading up to the Fed pivot, we'll be seeing some good discounts this year. Likely will be a great time to be averaging in. Another good video, 2is1!
Thanks!
Stacking gold is great I am sure you covered it but I think there is an important message to new stackers like you said is to ease in. I have a feeling a lot of new stackers end up getting themselves into trouble financially buy purchasing too much gold or silver at one time leaving there other finances lacking. I don't know how true that is but its just a thought I had.
Definitely something to be careful to avoid. Cheers!
Thanks!
I enjoy each video you make. I learn a little more with each one. And I love to see the shiny yellow! ✨✨ Have a great day! Best wishes to all!
Thank you Michael!!
Thanks for the advice, I have only just buying gold and silver started with 22ct half sovereign and an 1oz silver Britannia, started of small as I don't have a very high paid but I only buy what I know I can afford. I always dreamed of owning an Kugerand
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Informative ❤
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Great video
Great advice for the newbie or the seasoned stackers.
Thanks for reinforcing what I have been doing from the start. A strategy that I likely stumbled into.
That's great! I had to get stung once or twice to realize what I was doing. 😅
@@2is1gold What I have learned from your presentations have hopefully allowed me to avoid it.
Very helpful video for someone just getting started.
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To me, the first thing to remember is that this is the LONG game. I know it's all relative to the times, but I wish I would have started out in 1/4 OZ gold Eagles instead of the silver I was buying. But, I still hold it all. Watch where you live as, gold bars and other nation's coins will have lower premiums to buy, but, they may be taxed when you sell. My plan is to buy silver and gold while it's relatively cheap (in comparison with equities and housing which are still on their highs) and then later, when they switch to sell when they are low. Long game, can't reiterate enough.
Definitely a long game. I like the flexibility to jump out quickly if it makes sense, though. Most other asset classes don’t allow that. Cheers!
❤’d this video. Thanks 🙏 alot
Great tips ❤
Thanks!
Very nice video, i recently started buying gold and silvers.
Thanks for taking the time putting these well-made informative videos together. Dr. Kay Sobhe, Certified Rug Specialist, Certified Rug Appraiser, Rug Ideas (since 1953) Los Angeles
I'm completely new to buying gold. Never bought gold coins or gold bars. I bought gold jewelries (for my girlfriend) and one gold art in Paris (It says 23 kt, 960%, Reproduction d'art, sur FeuMe d'Or). The art is of the Eifflel Tower and it's surroundings. It's very small about an 1-1/2" and by 2"). I think that may be worth something. What do you think?
Wow! I think your video answered a lot of my questions. I'll be watching this video again and all your other videos. I have a lot more to learn. Thank you so much...
Awesome video !
Thank you!
That was a great, very useful and very level headed video Mr Tio. Love the past content and look forward to more in the future.
Cheers
Thank you!
Keeping it simple... keeping it real. Either 1/2 or 1oz AGE every month. I don't go smaller if I don't have to. I also buy a tube of ASE's every now and again when I feel like something else shiny in a different color :). I obsess about premium %... so I shop around a lot.
The ASEs require a bit of forced disregard for premiums, but A+ all the same. Cheers!
@@2is1gold Yeah - I have to be in a REALLY good or magnanimous mood to get a tube of ASE's
Sometimes if you're lucky and you want a rare gold coin or gold bar that online dealers are selling for a lot you can find them at a local coin shop cheaper also some pawnshops flea markets could have cheap stuff which is one of the things I check
Yeah, get them if you can!
EXCELLENT video. Thank you!
I find coin shops generally add a higher premium than on-line. Tell them you would prefer to buy from them and ask if they will match on-line prices.
Speaking of premiums, I also find, the higher the spot price, the higher the premium becomes. Within a week, our local coin dealer increased their cost $25 for gold Eagles. Why? Did their overhead increase? Did the cost of minting increase? No! They want a 6% profit margin. So when the spot price increased, they increased their premium to match 6%.
@@DrSchor No need to be rude. Yes, there are educated people watching CZcams.
Coin dealers are very much like auto dealerships. Their premiums have always been negotiable. Get to know your dealer. Make your face known to them. Soon they’ll be pulling out their “secret stock” and work with you on cost. If not, your dealing with the wrong person.
But hey, if you want to pay a 6% premium instead of 3%-4%, be my guest.