Does Packaging Matter? - How To Invest In Gold
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- čas přidán 16. 04. 2021
- "Can I take it out?"... we get this question a lot when it comes to gold and silver bullion that comes in special packaging. In this episode of our "How To Invest In Gold" series, Michael shares his thought and almost gives Joe a heart attack in the process! This video is perfect for beginners to investing in gold and silver. Questions? Visit www.bullionnow.com.au to find our contact details, we'd be more than happy to help you.
Need to buy gold or silver in Melbourne, Australia? Come see Bullion Now for all your gold and silver bar and coin needs, now located right in the heart of the city! Need something a bit more special? Little Coin Shop has you covered with the best collection of collector's items!
And if you need to sell gold, silver or other precious metals... we pay 100% of spot price. To our knowledge, that's the best in the business.
Bullion Now & Little Coin Shop
Suite 605, Level 6
227 Collins St
Melbourne
Thanks so much for this!
I agree completely. Gold & Silver are real money because they're among the most stable elements in existence. Let's stop treating them like precious soufflés and start treating them like what they are, metals.
I’m sooo glad you made this video, I open every single pack I get!! All my bars are naked, I’ve always worried about it in the back of my mind!! Now I’m care free and gonna handle them more now
Glad to hear!
"Can I take it out?"... we get this question a lot when it comes to gold and silver bullion that comes in special packaging. In this episode of our "How To Invest In Gold" series, Michael shares his thought and almost gives Joe a heart attack in the process! This video is perfect for beginners to investing in gold and silver. Questions? Visit www.bullionnow.com.au to find our contact details, we'd be more than happy to help you.
When's the scratch and dent sale?. Keen.
It's all about resale in the future. When doing private sales on forums, ebay or facebook you will get at a lot more money for a pristine untouched carded bar than what you would a scratched up out of the pack toned bar. I'd rather an easy resale and the extra money in the future.
I like Micheal. The other guy prefer touching plastic packaging over precious metals. And I don’t use gloves either! Nice video
You really giving us a very useful advices, and very fun and entertaining at the same time , i am glad i just found you a week ago but watched all videos, thanks 🙏🏻
Great video and new sub. Really love handling bullion. Thanks for great content
Awesome! I'm with you brother. I took mimes out. There's just something about holding physical silver. Really Really Coo! Thanks for sharing. ✌😎💙
Great Vid ... I've cracked open several slabs as well ... it's nice to get up close and personal with my coins ... plus it's part of the whole experience of educating myself about precious metals, e.g. doing ping tests, weighing coins, doing specific gravity/density tests, test reaction to Neodymium Magnets etc ... but most of all , just enjoying the beauty of the coins ... At the end of the day, Its still Worth 'Spot' ...
So true!
Good video. Gold is gold. I say free it, touch it, admire it, and keep stacking. I'm buying precious metal for the precious metal, not plastic "certificates".
Nice to see that Aussie Rebel spirit is still alive and well. AUSSIE AUSSIE AUSSIE!!!! 🇦🇺 🇦🇺 🇦🇺
Oi oi oi?
U def made ur point with the packaged pamp. My kids will play with round 50s and pre-decimal
I notice you opened the 26 dollar an ounce silver and NOT the 1780 an ounce gold. 😂😂
The kg coin was 1000 an oz
@@AY-vi2ld yes good point.
Love this video. If you own it you do what you want. You're going to get spot or maybe under spot regardless.
Yep
I freaking love this channel
Poor Joe near had a heart attack. So did I 😂😂😂😂😂
Definitely a valid point here. If you’re selling to a dealer or a precious metals only buyer they’re likely only going to offer you spot price. In that case the packaging doesn’t matter. However, if you sell to someone else “online like eBay” packaging will definitely make a difference as it’s deemed more “genuine” rather than a bar or coin without packaging. That being said it really depends on the demand for the metal. If everything starts flying off the shelves I don’t think it’s really going to matter if you have that bar in an assay card or not. You may get slightly less but it won’t be much.
The absolute mad lad!
Those saying he won’t take the gold bar out, he’s a bullion dealer. He has to resell it. He’s not gonna sell an opened handled bar to a customer, he says it kinda at the end of the video.
Nice video.👍
Buenisimo el canal, desde Argentina Saludos.
Fun video, I have a 1 oz gold maple leaf and 1 oz silver maple leafs I let people hold them and compare them with no gloves ect, they are cautious and I tell them don;t worry, hold them and feel them
Good on you!
He's right of course, but when I handle my nice numismatic metals I wear gloves much of the time. That said I don't know if they were handled before I got them. Certainly old coins were used everyday and the pristine ones for all we know were in someone's old junk drawer 200 years ago and forgotten about so they're in great condition. It's totally up to whoever is in charge. If investing in old coins imo one might want to wear gloves with silver. Gold is indestructible so they say. Bullion is fun. I say touch it ! lol
Fun video :)
Great video!! Do you ship to Canada? I want that OX coin.
You have to taste your gold/silver. One of the tests.
I haven't looked just right now , but spot prices varied depending on whose site I used , Used Gold Price , Apmex , Kitco Money Metal , JM Bullion etc . Your're saying you'll buy it and any other dealer also will buy at these spot prices no " Premiums " deduidcted from it ?
Love it. Can hear all the screams. Lol.
Its only bullion
U guys r fun
U deserve more than a MILLION SUB
Love that 1oz silver pamp❤️
I'm with Mike, touch the stuff. Appreciate it. Its still gold and silver
Now “that’s fantastic”
If you go to sell it wouldnt they take it out of the packet to test it anyway?
Lol no gloves love it
I keep one coin aside for handling.
Guys I have a question… You talking about packaging on bullion but what about sovereign coins. Say for instance we have gold kangaroos, philharmonic's, gold eagles Etc... Do they hold any value above spot, Or they just bought back as bullion as well? Asking for a friend... 🇺🇸👍
I'd have laughed if when he was showing you the crack in the plastic casing for the 1kg coin you just took it from him and threw it on the ground. There's no way he'd have expected it from you so his reaction would have been priceless
And some valium!!! Love it! Hahahaha
Pamp 1oz silver for sale online?
I buy my bars from a bank and they explicitly state that if we don’t have a receipt, they would buy the bar back at $100 less than the buyback rate and if the deal is broken, they will not take it back~ so please check with the store you intend to sell back before opening your bars up!!!
*if the seal is broken
I don’t know why but it was very satisfying seeing that coin without a capsule
It feels great in the hand!
well it's yours so do what you like with it
I couldn’t resist taking my 1oz credit Suisse gold bar out of its card, it’s the first one I’ve brought and I just needed to feel it. Will it lose value when I sell it back to my dealer ?
Typically you shouldn't lose value as dealers SHOULD only pay based on metal content.
@@BullionNow thanks, that makes me feel better. Thanks for the videos they are really helpful!
notice he did not remove the gold bar from Packaging
4:59 fair
I’m going to keep my first gram and first ounce of gold packaged then buy a half ounce to handle and show
Im buying that silver
Hi, if it doesn't matter if you take it out of packaging, why is the guy behind the camera (Joe) going nuts about it? Lol
I'm touchy feely, am planning to but 1oz gold, so was wondering about taking it out of the package,,, I love feeling my Gold and silver
I want a 2012 pamp dragon , how much ? Don’t make me have a hissy fit !
They usually go for $70 at city gold in Brisbane
price of gold is the price of gold, a dealer is not gonna pay extra for the plastic
You pay spot on gold for buy backs?
We pay 100% of spot for a certain amount per day and up to certain sizes. See bullionnow.com.au/faq under the "Buybacks" section for more details.
1st to comment. Do I get a medal ? Hey when do we get to see the new guy again, you know Door, Matt ! Door Matt !
I have a piecing saw and jewellers tools make what you want out of it it's just metal. But don't do it to a coin as you will have the law knocking and government issue bracelets
It'll clean up fine again with a rub of Silvo ... let 'em squeel!
Lol so we’re not cutting open the gold bar ?
true lol, those ppl with gloves and keeping it in packaging like rare coins are cringe, its a freaking bar
If you think this is controversial, make a video about cleaning silver & see how people react 😇
😂😂😂😂😂 **cracks open a coke can**
🇬🇧
Maybe you can wax the coins that you like to touch regularly. Apply RenWax or a scratch proof polymer seal perhaps?
Straight to jail
"ill lick it if I want" bahaha
He did too. Was weird to witness...
Bite it mike! Get those teeth indentations into it!
Pardon the pun, but people get to wrapped up in a stupid plastic case, it does protect from scratches and what not.. but at the end of the day i want to touch my metals .. lol
Numismatic, no. Bullion (Now), yes.
I disagree. Most bullion dealers don't offer the same amount if the packaging is damaged. The bullion dealer doesn't sell products without a packaging at the same price - but with a discount. Conclusion? In the vast majority of cases - damaged packaging negatively impacts the value.
A reputable bullion dealer shouldn't be selling a product they bought back from a customer as brand new. So even if it's in packaging and the packaging is undamaged... there should be a discount on it anyway. We pay the same price to the seller, no matter if a bar is in or outside of it's original packaging. Just our opinion of course!
Will need to remember the video for two reasons:
Buybacks and scratch n dent sale :)
Regarding the handling of your metals its basically dilligaf they are yours do what you want.
Ahhh, so thats why Joe left ;)
lol silver is 1000 dol per kg here in slovenija but gold bars 5/10 /31 g investment gold plate , here in slovenia i get if just a create small dent on 10g investmant bar of argor hereaus outher plastic envelope ill get payed price of ,,broken ,,gold vs investmant gold// so that is today for me untouched plastic and all 55eu //if id jusr scratch gold envelope id get 46 ,6 euro per gramm even permanent marker on gold envelope count as broken gold//not as investmany bar no more
Nice OX I don"t care Id still bye it LOL
the moral of the story is, don't sell your bullion to dealers
Sometimes its the only choice a customer has or is the most convenient.
bet he wouldn't take a gold one out of the package..
So premiums don't matter in Australia then...doesn't make any sense at all...you'll get spot now for the pamp bar but the packaged pamp will def go for more than a dollar...pamp stuff has crazy premiums that you get because they sell for a premium. America is wayyy different apparently in our silver markets...im not a glove nazi but why trash your stuff. So when that silver tones brown that high premium ox will sell for damaged prices...
Bullion dealer = buyer of last resort
Generally you'll get a better price for p2p sales before costs.
Simply said; if you want to be in the top dealers list; simply show professionalize "all the times" and wear cotton gloves. If you want just to be a regular dealer then you can do whatever you want.
I'm to Joe's side; it looks to me from all the videos that he understands the collectors mentality.
Silver 101: Wear cotton gloves all the times. Even The Numismatist magazine recommends doing so for paper money, check paper money preservation article (page 26) in their latest edition.
😂😂😂
whats the use in having gold and silver and you cant touch it or you touch and see it throw plastic what sort of a relationship are you having with the metal...jewlery is meant to be worn ,,,,how can i understand it if I don't hold it ..I myself feel rejected if I cant hold my own gold or silver ....like its separate from me .people held it for thousands of years in their hands ....for me and that's just me Im for the metal ...I don't care about the art work it matters but its got to be really stamped hard on the metal so a scratch cant whipe it ............and I dont care about mintage number's ...theres a market for that and its good that there is ...but im not interested in it .good luck with people who have fun with that side of it .....it takes a certain type of coin geek to go full on into that aspect of the market ..its not for me my mental energy is some were ells but good luck to the people that are really into that side of it .I want the metal in case the economy crashes ..no one knows the future but no one knows the future ..........a 5 thousand year hedge is not a bad start ..I want the metal to keep the value over inflation ....as part of my portfolio...I want the metal to hold in the hand for a sens of security as im reading bad economic news in the horizon ..having something in the hand that's held its value from the times of the Pyramids