Should You Buy Fractional Gold?
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- čas přidán 8. 01. 2024
- Should you buy fractional gold coins? Seems like a simple question of cost, but there's more to it.
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Thank you!
If I didn’t buy fractional I’d have far less gold. I think as long as your stack continues to grow you’re on the right path
You could have bought silver or saved and had MORE gold instead of paying those premiums. Smarter move is buy silver, once you have enough, trade for gold.
@@TheBajamin But that silver premium even on rounds is what, at least 10 percent.
@@bjdottcom777 it varies but it’s less than gold. You can also buy bigger bars for basically spot. Use it as savings. Then exchange for gold.
I agree . . I do NOT have the $$$$ like some folks I know . . . At least I am buying & I am adding gold each month
@@bjdottcom777 if I was doing it to trade for gold, just buy the bars at spot or like $1 over. But if buying silver eagles or something then you may make it worse. It really depends on the markup % of the fractional gold vs silver. I can easily find 10oz bars for $20 over spot. That’s only $2/oz, so 10%. Obviously prices vary but a 1/10oz gold coin is about $245. With todays gold price that’s a $41 markup. That’s about a 17% mark up. All in all if you bought 10 gold coins to =1oz you’d be at $2,450 roughly. Buying 88oz of silver to trade for 1oz gold would cost you $2,064 for the 10oz bars and about another $208 for 8, 1 oz bars for a total of $2,272. So it’s a bit cheaper. I know there’s sales and deals every day so these are just normal prices today online. I buy Buffalo silver rounds from my coin guy for $1-$2 over spot regularly. So the numbers can vary.
In Europe, it's far more common to see ownership of grams rather than fractional or whole troy ounces, easier to trade here. As an update, the 1G bars were well received by family this Christmas, it kickstarted some interest in owning physical assets other than real estate.
It's a fun one to save for University/Children's funds too.
I'm not in a position to buy full 1 troy oz. coins all the time, so fractional gold serves my purposes for the time being. This was the way that I was able to get into gold to start with, and I'm grateful that you taught me that. Before I found your channel, I thought gold ownership was beyond my reach.
An ounce of gold is expensive. Anyone who doesn’t think so is in a fun place. 😄 Cheers!
But why not just buy silver then swap or save and wait? You’re wasting money on premiums. And a lot of money too.
@@TheBajamin have you looked at Silver premiums lately?
@@willbaum7140 yeah, and it’s low as shit if you’re not dumb enough to buy currency silver.
I like fractional. I believe it will have a much greater buying pool in the future and of course now as well. 5-20 years from now the fractional will be very valuable options for acquiring.
I really don't understand why there is a conversation by so many about premiums. By the time we will "need" to use gold as or for "currency", premiums won't make a darn bit of difference. Things will not be as we know them now. Period. There may be some discouraged by talk of "losing" premiums in fractionals. I think that is sad. All I have is fractionals in gold and even some in silver. Some is better than none, right? Good video. Stay Cranky! 😠👍
I absolutely agree.
It makes sense to buy fractional if that is all you can periodically buy. IMO, I wouldn't worry all that much about the premiums if you are planning to hold for a couple of years or more. It is likely that the price of gold in the not-too-distant future will rise enough for you to more than recover the cost of the premium.
I buy 1/4 ounce Eagles, Maples, or Philharmonics. I have about 11 ounces accumulated so far. I have paused purchases waiting a for a dip. I also have to pay off some charges I made during Christmas. Purchasing fractional gold makes sense to me because it's what I can afford on a regular basis. Maybe going forward, I will wait 3 or 4 months and then purchase a Buffalo. My other affordable option is to buy 10 gram bars. To me, it's just another type of savings plan.
My first gold purchase was a 2024 1/4oz Eagle, just to get the stack started. I plan on purchasing 1/4oz monthly this year, although I will probably switch to Maples or Britannias because of the premium issue with AGEs.
Thanks!
Good job...keep stacking.
Vermillion Enterprises for best premiums.
I found that when you're selling privately (I mean person to person and not on eBay) you can move fractional gold more easily. At least that was the case when I had to sell, I had to move the one ounce coins at a shop. When you're selling to a dealer you're better off with one ounce coins, there's no question about that.
Yeah, makes sense.
Be damn careful selling gold or other liquid assets to strangers person to person. A LOT of robberies and not a few homicides happen that way.
Good way to get robbed as well.
@@IP0Monsturd That's why you make the exchange at a police station or at least a well guarded public building. If you get robbed selling metals privately it's your own fault
Are getting any premium on them though?
Halfway to finishing a roll of 1/4 ounce coins. Once that’s finished, I’ll go back to 1 ounce coins to finish that tube slowly. But I truly believe the 1/4 is becoming and will be the best weight to have once gold continues to become more expensive
One side effect of rising gold prices is that stackers tend to buy fewer ozs. at a time, so fractionals make more sense to many than does waiting for 4-5 months before
buying a 1-oz. coin, round, or bar. I like the 1/4 oz. and 1/2 oz. sizes of gold coins but not the 1/10 oz. size due to their higher premiums per oz. than the larger sizes.
I’m buying fractional every week. I’m not responsible enough to save fiat. My philosophy is, premiums don’t really matter when you are not going to sell.
Excellent point.
Me either lol but I’ve saved more than I ever have in my whole life stacking metals, I also am a artist and love history so I’m both stacker and sometimes a collector but mostly libertad and pre 33 if I spend the premium. Otherwise it’s the cheapest 1/4 or bars go first if I have to sell. Keep on stacking brother. It’s enjoyable and better than any drug for sure. Got a 1/4 2020 libertad m 70 ultra cameo first strike coming. I’m saving for a 50 peso but I got a better chance trading in some silver for at least half😂😂😂😂.
@@Dirty2Clean1980nice man - you're right its better than any drug. Im going to stay sober in 2024
A grown adult that can't save money over a week?
@@michaelphillips3123 a grown adult who doesn't know what money is?
How nice it must be to able to afford 1oz or more per purchase. Most of us can't so fractional is our ticket into the game. I'm quite sure we all are aware of the premiums...some gold is better than no gold in my book.
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Great Comment....!!!
@@DrSchor Oops, wrong! Owning none = starve
No self control to save for 6 months to buy an ounce?
To throw it out there, pre33 gold for fractional. Yes its marginally under on gold content BUT the premium for the numismatic value of the $5 half-eagle will hold much stronger than the premium of the 1/4 oz Eagle for example.
For fractionals, I stack the old world European coins like Ducats, Francs, and British Sovereigns. They aren't popular for most Americans and I typically buy them at melt+$8. I've bought quite a few at just melt value which means ZERO premum! They come in .1107, .1867, and .2354 ounce sizes. The only issue is they aren't all that recognizable to Americans but they are at your LCS so they are easy to sell. I haven't sold any yet but the LCS will typically buy them back at melt. It's a pretty affordable way to stack gold IMO.
You are correct Americans don't like them, worst selling coins in my shop. Thanks Sir..
I live just a few miles from one of the largest coin shops in the Midwest and the coins you mentioned get snatched up all the time. The shop has never had a problem in finding buyers for those coins.
I'd be one of them snatching them. The shops around me don't have any.@@1Indianadude
I am buying 20 franc Napoleons, Roosters and Helvetias. I also buy 5 g P.A.M.P.
I buy fractional gold, but not Eagles or such. I like buying coins from all other countries, France, Germany, Italy, Colombia, etc, and they are mostly fractional. Oh, and pre 33 coins USA too. Yes, I pay more, but it's a fun collection, not trying to "invest" although it is still gold and an expensive way to save. For me, it's all for the enjoyment of a variety of gold. I'm not selling, it goes to the family when I kick off.
The biggest thing preventing me from getting larger fractionals is my budget. After all my bills and necessities and cash investments are out of the way, I've only got about 300 or so dollars every month to use for everything else, sometimes a bit more, more often a lot less. That doesn't give me much opportunity to get a big stack of quarter ounces or better, but what i can do is get 1/10th oz of gold, or a couple 5 ounce silver bars a month while not living like a monk for a few months to get the same amount. Yeah the premium is worse on the smaller stuff, but I'm not looking to sell any of it in the foreseeable future so I'll probably be breaking even when i do unless there's a massive crash in the market when i retire that doesn't recover
Save each $300 chunk and wait for a 10% drop from recent highs; then buy. It's how I bought last year at 1850 and the year before at 1720. Patience and self-control are they key.
I stack 1-oz gold but do have some 1/4 oz gold coins. The longer your time horizon is for holding your gold (or passing it to the next generation), the less you need to worry about how easy, or difficult, selling it will be.
Buy fractional gold if that is your only option. Stay away from silver.
Trading my silver for gold if the ratio comes down
Interesting. Got me thinking 🤔
Well, 2 is 1 helped guide me into some rationale thinking two years ago and the results now are I have 43 gold coins (22 eagles, 12 buffalos, 6 maples and 3 Britannias) all 1 ounce coins and no fractionals. I've been retired for many years and I have everything laid out perfectly (I think) so to me buying all 1 oz coins was simple, I started withdrawing enough funds from our IRA's to allow buying 2 to 3 coins per month so it made no sense to pay much higher premiums for fractional coins since I figured IF I ever wanted to sell some gold, it would likely be to a dealer than an individual or heaven forbid... selling on ebay! I write this because several folks have posted that they can't buy 1 oz coins every month BUT since we aren't in a race, what's wrong with setting the funds aside until you had enough to buy 1 or 2 1oz coins at a time. Count up your premium differences and decide what makes sense to you! Since Maples are cheaper than Eagles or Buffalos right now, if and when we see another dip, I'll likely buy more Maples. If we don't see a noticeable dip then I won't buy and that's just the breaks! Enjoy the ride since we only go 'round once and there are no "practice years" or "do-overs"!🙂
Solid rationale.
Also watch out for sales tax which is state specific. In CA bullion purchases under 1500$ are taxed like 10% extra so if you save up for an ounce you can avoid that plus the difference in premium.
They raised it from 1500 to 2000 now 🫤
@@alejandrosalazar7314 oh ouch, thank you for the info! I guess it's good gold is >2,000 right now so we're forced into the ouncers LOL
Your neighbors in Arizona pay zippo in sales tax. Nada.
@IP0Monsturd right? And NV and OR I believe... damn
Find an outtta state dealer, i deal in Ohio via checks and avoid the tax…. regardless amount Ohio is very bullion friendly
Great job on this.
My take on fractionals is this. It's all relative. Many people love gold.
I have a friend that can only afford to buy 5 GRAINS of gold per month.
I have another friend that is a multi millionaire that gives away 1 ounce gold coins when the mood strikes him. To him 1 ounce is a cheap fractional.
I am somewhere in the middle.... way toward the bottom. 😂
I buy fractionals now. I used to stack ounces but that was long-ago when gold was at around $300. I miss those days!
$300! “The good old days”!
I started stacking silver in 2010 and gold in 2013. I completed the silver stack in 2019 and only buy attractive silver at good prices. I love the
1880s-1890s Morgans, 1964 Kennedy halves, and early 2000s proof quarters but also have circulated dimes, quarters, and halves for bulk.
@@DrSchor 1 Grain is .0648 of a gram.
Pretty much the smallest weight that most folks deal with for precious metals.
very good topic. I've had those mental debates. I'm pretty well in agreement with you. I gave a little fractional gold, focus on 1 oz, but I do like the 1/2 oz as well. Maples, I'm Canadian.
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I also like the 1/2 oz. size in gold coins and have a number of them. I have more 1/4 oz. coins than 1/2 oz. coins, though, and no 1/10 oz. coins at all.
The premium per oz. there is just too much and I have enough silver that it can fill in on the lower end of the spectrum for 1/10 oz. gold coins.
Also, I'm not Canadian but sure do like the gold and silver Maples! 😀
Just ordered my first quarter ounce gold eagle from SD bullion this weekend it's the first 22 karat gold in my stack. Thank you for your insight as usual
Some gold is better than nothing.
Truth.
I was strictly 1 oz untill the price got above 2 grand and I didn’t want to stop stacking so now I buy fractional , mainly Pesos because they are so beautiful with a rich history. I learned not to care so much about the premium because I don’t plan on ever selling and if I do I’ll be an old man and won’t care and the way things are going gold will be over 2500 at least in the next 15-20 years. Keep stacking guys !
Considering just how quickly the US$ is being abused, I think that gold will be at least $10k in 15-20 years. I still remember when a gold double
eagle could be bought for $100 back in the late 1950s. It's now 20x that price, so in 15-20 more years could easily be 5x what it is now.
@@edb3877 I’m low balling it so when it is 10k I’ll be even happier 😂😂
Thank you for the episode
I'm no where near being a financial consultant or advisor. This is just what I learned. I always had fractional gold on hand. My preference were the 20 Francs Roosters at approximately 6% premium. They're familiar, respected by LCS owners and collectible.
Hey and a good Saturday morning 2 is 1. Just wanted to let you know I really enjoyed this one and reading all the comments was even better. You have some good people here. Thanks for another fine .99999 Fractional Gold Video Sir.. Oh yeah, now I'll be pushing fractional gold in the shop today...lol. Life is good......God Bless
Here in the Uk I have sovereigns as my fractional gold, and a few 1/4 oz Britannia's but wont be looking to buy anything under 1 oz now because of the premiums.I would rather wait and save to purchase the 1oz coin.Of course if the price goes up I could lose out ,but I figure over time that will even itself out.As always good content,thank you.
Well covered
Excellent shit
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I have been following your channel for a while but finally started stacking this year. I stared buying quarter Oz a month because it what I can afford to be able to diversify into metals
I was watching your old videos on fractional gold last night… YOUR RIGHT ON TIME✊🏾✌🏾
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I can’t afford to buy a ounce all at once . I buy nothing but 1/10 gold eagles when I get a good deal . I bought a 2024 1/10 gold eagle for $223 yesterday . It came about to be 10 percent premium which I didn’t think was bad .
@@DrSchor One ounce gold eagles are selling for about $2,150.00 right now . Which is about 5 percent premium . I understand the premium on 1/10 are more . I just spend that much at once for a gold eagle .
@stevexracer4309 you need to understand this channel is started because Two is One couldn’t save, he found buying gold as a way to be a saver. I am here because now I buy smaller portions each month as a reward. Even tho premiums higher, I still save as opposed to buying random things in the month. It just works.
@@stevexracer4309 I don’t buy every month . I may buy 2 or 3 a year . To me it’s a hobby more than investing . That’s what my 401 k and IRAs are for . I rather spend money on fractional gold then drinking or gambling . Regardless of the premium .
Hit up coin shows, you can occasionally find deals
I got a 2023 1/4 oz eagle for $545 when spot was right about what it is now (and yes, it is real). Every other booth had them for 580ish, I guess he wanted them to move or something
Regardless that’s not that much of a bigger premium, it’s certainly not 4-5% more than a standard 1oz eagle
Watching these while hoping to buy my first piece of gold 😥😥
@@DrSchor i have the money, I'm 18 yrs old, but the problem is that gold prices are high now and my parents are telling me to wait for the gold prices to go down and we don't know when, i'm planning to buy gold coins maybe (if you have any suggestion feel free🙏)
@@m7mdahd 5g bars are a little cheaper than 1/4oz coins and almost as large. They come in nice assay packaging and if you shop around you can find some really good premiums right now. I've seen 5g Britannias as low as 8-9% premium on some sites.
@@m7mdahdif you are like me, once you get that first gold bar or coin it’s over. You will be hooked.
Patience. Watch the 200 day moving average. Or just wait for a 10% drop.
...Exactly
Good thought exercise 👍
Cheers!
Definitely buy fractionals if you can buy for closer to spot. I have even a dealer who sells me at SPOT! And it’s NOT SD bullion. I have plenty of 1ozers, but I have use fractionals for bartering already.
@@stevexracer4309 believe what you like. It’s your loss and I do have Sigma tester to verify.
At the coin shows I go to I always ask my favorite dealers if there's any gold they wanna get "rid of". Often, they sell me a fractional for around (and even under) a 2% premium. Okay, I might need to take a half-ounce Panda, something not my favorite but, in the end, I walk out with more gold than I had before and that was the objective. I've also bought some commemoratives lately and, while they have just less than a quarter-ounce of gold, they're definitely less expensive and (so I've heard) were not subject to the previous gold confiscation because they were a "collectible". Since I've exceeded my mid-range goals for metals, I've decided to budget $600/month while there's no car-payment in play. Rather buy gold but, if is pricey, I'll look to fractional and, if silver is dipping into the $22's or something, I'll get a tube of silver rounds or coins. Whatever makes sense on a given day. If both are up, I'll defer the purchase and add it to the next month's purchase.
Great video brother nice stack have a great week 🥃🥃🥃🔵
Thanks Nate - you too! 🥃
I’m a huge fan of fractional. Just easier for me to lock away some money that I’d spend on something dumb
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One can offset the higher premium on the 1/10's by just skipping a couple delivery pizzas, or skip a movie date and watch Netflix. I think most people play around with their budgets this way, so why not do it for metals?
I get my groceries delivered, and the fee and tip is made up for because I'm not buying extra junk at the store, and I'm skipping the run through Arby's on the way home. So everything evens out, and the fee and tip then do not matter to my budgets.
I'd look at fractionals the same way.
1/4oz AGE a month for last 5 years picked up a couple Buffaloes along the way!
Slow and steady and the box gets heavier!
Nice!
Same 1/4 oz per month maybe fraction more
Now this is a topic I like!
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I started stacking three months after 911. I bought 300 ounces of gold philharmonics. Then I sat on it till 2012 after coming to the realization that I was missing out...I should have been buying throughout that time because yes, it does fluctuate and because of it it was preventing me from acquiring more metal. So as the price has increased since then, I have been buying every payday, whatever extra cash I had at the end of the week a day before payday I would get more gold with it. In the current market, I'm not buying as much. I have my nest egg but I'm investing more in undeveloped land and off grid redundancies. Love your channel. Keep it up the great work. 💪
Great topic for sure, maybe no right answers! I prefer to always buy the full ounce, but some times I do get the fracs too.
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Logic, you are spot on.
I bought 10 oz of 1/4 oz eagles in 2016. They have now doubled in value. I get it, the spot has increased and I have made up my premiums. I agree with your comments about the value of the 1 oz coins. I have 10 oz in all the fractional eagles. I just liked the negotiable aspects of having them. I have made my decisions about gold following your advice. It is just that at 73 years old I was before your time. Just lucky. 356 oz (gold) and still stacking. All gold and silver have doubled in value. Keep up the good work. We all need a little rationality and the sane information you provide.
I started with fractional. I stopped after I sold some of it to my LCS. You're gonna get hosed on the spread. If you're the type that can't save for a 1oz, then I guess it's better than having no gold. But it's not the most efficient way to acquire gold, that's for sure.
I often get different 1/10 coins, I enjoy looking at them. And I try to get all the 1gr noa arks too, when I see what they cost a few years later. But buy now mainly because I can spare it and who knows what the future will bring. Thanks for the video, greetings from the Netherlands.
Just starting out on first ever gold this year. I'm saving @1/10 oz price point cash savings every week. Every 10th week, I will make 1oz purchase. Right now, I think that will still be frequent enough to justify this method over paying hundreds more per oz rate of 1/10 oz purchases.
Exactly why I am buying one tenth every week. If I try to save for a one ounce I end up spending it before I buy. Premium doesn’t really matter when you are not planning to sell
@@enasdad if you didn't have problem saving, would you still do the 1/10? I don't plan on selling for 15 to 20 years, but I would like to keep my cost basis as low as possible.
I like to set aside money each month into the Sprott gold and silver trusts, then, periodically sell long-term holdings to fund physical coin purchases…Just another option to consider.
I look at the higher premium like an interest charge and ask "would i buy this on credit and pay interest?" For poor people who can't afford a 1 oz coin, they are the LEAST able to afford the premiums of buying fractional. Wealthy people who want some fractional gold for it's potential utility make the most sense as buyers. For the less well off individuals just save up and buy a 1 oz coin. Unless you intend to only ever buy 0.5 ounces then do whatever you want. Silver also serves a purpose as "fractional gold" and may be a better option at this point in time because the silver:gold ratio is way out of whack.
My LCS has 1/10 ounce gold eagles on sale for $225, still more per ounce than the full 1 oz coin ($2132) but only by about 5.5%. I’d by 1/10 oz coins at that price.
I'm working on getting a solid base gold stack in fractional gold first then I'll focus on stacking 1 oz weights. I've got a good silver position, been stacking silver for over a decade, and have varying sizes from constitutional dimes to 100 silver bars. For me, utility value of fractional is greater than the loss you take paying higher premiums. When metals run, it'll be a lot easier to buy and trade for other assets if you have smaller fractional denominations than if you try chip off some grams from a 1 oz coin. Its good to have a variety of weights but if you have none, I'd start with a couple ounces each of of 1/10th, 1/20th, 1/4, and 1/2 oz, sizes before focusing on 1 oz.
I quit buying lottery tickets last year since jan 1st i have bought 4 1/ 10th oz eagles from the money i have saved from quitting gambling all of what i have learned is from this channel
I know i might be getting my pants pulled down in premiums by buying fractionals but, my monthly reward to myself for doing my slave job simply cant stretch to 1 oz coin per month, it would probably need to be one every 3-4 months, that's quite a long wait and not much fun if you actually enjoy stacking or collecting.
I cant have rich mans tastes with poor mans pockets, but that's just the reality of life.
Britannas are my go-to...purer and cheaper for a frac. My LCS doesn't carry frac Britannas (only the 1oz) so if I can wait for them (buying them online) then I do...
I buy only full 1-oz coin, ratio 1 gold eagle for every 100 silver rounds.
Silver for small needs and bartering and gold for large purchases.
I'm sticking to the 1 oz gold coins. For silver I really like the 10 oz coins alot just the weight of them in your hand is just a feeling I can't describe.. Most of my silver stack is 1 oz coins but I'm in love with the 10 oz coins.
Yes! I just got my first 5oz Libertad yesterday and I love it!
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Yep, the big coins are great to grab in your hand
@@stevexracer4309I would trade that in towards a 1oz gold coin 😂 I don't really care for silver anymore.
@@stevexracer4309no, that’s silver snacking 😂
Variety is the spice of life, haha if your into bullion its just plain fun to have a variety of it...I dont think anyone only buys physical and doesnt love it and play with it...
Ha, true.
A minimum of a 1/10 a month it's surprising how fast it starts to add up.
Yep!
I don't know if I "should" buy fractional, but I do...added 1/4 oz AGEs to the stack beginning last year. Basically, I stopped buying silver and picking up a quarter here and there when they're on sale scratches the small purchase itch. And I've since decided I prefer filling a tube of quarters versus storing tubes of ASEs.
I rarely buy fractional, I mainly buy the full ounce, but I do buy a 1/4 oz every year as a birthday present for my son.
If there is a mania run on gold this year as many are predicting then the premiums on fractional are going to get ridiculous.
I buy fractionals from time to time because I want the flexibility to sell less than an oz. if that becomes advantageous in the future. The scenario where this makes sense is
when we are in a time of serious inflation and we want to hold as much of our wealth in gold as possible and not in rapidly inflating fiat currency. When a large bill comes
up, think substantial home repairs, emergency health issues not covered or not fully covered by health insurance, or property taxes here, I want the flexibility of selling just
enough gold to cover that expense. For me, this is well worth the higher price per oz. of fractional gold coins. It will make good financial sense if inflation is bad enough at
the time. That said. I do prefer 1-oz. coins and stack Maples, AGEs, and Britannias in about a 60-35-5 split by coin origins, respectively, and 1-oz. vs. fractionals by about
85-15 by ounces. I am in a position where I probably have enough fractionals on hand for the stated purposes, so will concentrate primarily on the 1-oz. size for the rest
of my gold buying until my gold stacking goal is met.
Ive found the 5 gram pamp suisse bars with veriscan to be a good balance. Also if needed to sell they move fairly quickly 🥇
@@DrSchori never said i was selling any gold, i dont plan on selling any of my gold. I was just speaking in general terms, if someone wanted to or "needed" to sell theirs they move pretty easily. Also i have a comfortable amount in my emergency fund. Thanks for the concern though. Cheers 🥇🥈
1,2.5,5 gram and 10 gram gold bars are good sellers in my shop right now. Good choice......Keep stacking!!!
Thanks for the thought process. I just noticed some shops like apmex are selling the non-eagle 1/4oz coins (like the lunar dragons) for only $635 compared to the much higher price for 1/4 oz eagles. That's much closer to the spot price of gold and those would probably sell to a dealer just as fast as the eagles. What do you think?
My LCS has always sold 10th ounce eagles to me right around spot. I guess I’m just that small fraction that prefers fractional-
Wow, nice.
Ditto...there are multiple advantages to developing a relationship with your LCS...mine knows the occasional 1/10th AGE I buy will be for my youngest, and he always cuts me a deal.
@@wda-59-14 he doesn’t move up & down every minute with spot price. The tenth is $210, if you come back tomorrow & gold is up $25 spot, he still says $210….
I just buy a fractional for the kids other than that it's all one oz buffaloes or Eagles if I'm going to do anything for bartering it's all going to be done in silver 1 oz or fractional
I'm in Australia. While 1oz is the best way for reasons explained here, fractional has a place. I sell exclusively on the private market. I always get the premium back and fractional is more liquid than a full 1oz. Fractional is a must for the eventual rise in gold price. One day 1oz gold is going to be very expensive. That being said my stack is mainly 1oz and I've never had a problem selling a 1oz gold coin. When the price gets high enough that's 1oz is a real problem to sell unless selling to a dealer, I have lots of silver in various sizes which is more affordable to the average person.
Stack on peeps, you're going to need it..
not everyone has the mental strength to save fiat for weeks/months to finally buy an ounce. so the fractional in the pocket is more worth than giving in and buying the next crap u don’t need a week later
If you're not disciplined enough to save up for full ounces, you might not be disciplined enough to stack. 🤷♂️
I like fractional sizes, I just hate that the logical option to pay less in premiums is to buy older less attractive coins. So I get maples and AGE. I like my stack pretty.
Who wants to look at a ugly stack......Love it..!!! Great comment @MarioGarcia-vl1kf
When I started stacking gold was $1500/1600 oz I stacked 30oz in 6 months, liquidated for more appreciating asset, bought a car, and just started stacking. Having to buy 1/2 AGEs and been buying one a week.
I'm stacking mainly for bartering purposes, so I don't want to trade 1oz gold coin for half of a pig, when I could use 1/10 ounce. Also doing this with silver as well, get yourself some. 1 gram silver bars
Well worded
Seems like the best situation is a buyer thats eager to buy and a seller eager to sell, set a price in between dealer buy/sell, and everyone's happy.
Couldn't agree moore my friend, but the UK Sovreign, 8 gr 22K gold, is a bit cheaper like 2 or 3% over spot...still believe that might be best way to get in...rather than not at all. 😊
Retirement or emergency gold holdings? If emergency, full ounces. If retirement, fractional works well. Groceries aren't $2k, neither are utilities. A quarter ounce covers utilities. Another quarter, a solid trip to Costco....
I buy fractional gold and silver last year for shtf emergency use when an ounce isn't necessary. This year will be 1 ounce gold and 10oz bars. Or at least that's the plan. And a final 100 oz of copper coins.
I started out buying fractional. I moved to one ounce coins when I got my share of family inheritance.
My very first gold purchase was 12 1/10 AGE I paid 185 each in 2020..today they cost 326 each.. I did ok.. I have added another 8 to get to 20 coin or 2 oz.. I am happy with my buys.. to each his on...
Fractional gold is more than an ounce of gold but can be just as profitable
I think having a little in your stack isn't a bad idea. I'm now considering a tube of each of the smaller increments.
Could premiums come down due to the mint producing more efficiently and to demand? Perhaps.
On the other hand, they may be in higher demand in the future. Who can say lol
That's why I like to keep a bit of variety in my stack. And never go all in
Agreed… I’ve thought it over for many moons… I decided to do a couple ounces of each increment to have a variety myself
I believe the vast amount of premiums you and I pay are controlled by the secondary sellers and not the mint. Next time silver and gold start a downward slide monitor the prices of your favorite silver or gold coin. You might be surprised to see the price increase as the spot price drops. I saw this first hand. “Buying the dip” is horseshit.
@IP0Monsturd I buy the (relative) dip to lower cost average. Only notable dips in price. I get where you're coming from though.
I’m so glad I seen this video ! I have a question on fractional gold.
My son got his first job and is interested in gold , he can’t afford much but he found these gold foil notes that are in his budget, would this kind of gold be worth it for someone like him ?
Does he already stack silver?
If you mean goldbacks, they do have a collector market but a lot of people don't like them because the gold amount is tiny and difficult to separate out from the note if needed. But there are people interested in buying them. If he wants gold coins or bars but can't afford them, he should start a high yield savings account with no minimum balance specifically for buying metals, add to it when he can, get interest on the money deposited over time, and transfer back to a checking account when he has enough to buy a coin
If you can’t buy a ounce of gold and have to buy fractional you should consider buying silver instead. A Gram of gold is multiple ounces of silver.
Hi, I buy sometimes the souvereigns. It’s cheaper and still 7,3 pure gold. So I am happy with that so far. Have a great day 😎👍🏻
You too!
When I open my wallet I like to have a variety of options. Same for PMs.
I will continue to fill my tube with 1/4 Maple Leaf Gold coins in Canada, Thank you again for your vids!
🤜🤛
Still here. I know fractional is the best way for me to start buying gold, but I just can't pull the trigger on higher premiums. Bummer. u da man!
🤜🤛
Myself I could never buy a oz of gold. Something always comes up and my wife or I spend some. So I can only buy fractional. I normally buy 5 gram Valcambi bars. I need 6 and a bit for an oz. I pay about 330$ over spot. Spot is 2700ish cnd right now. So about 15% ish.
I think it’s a smart idea to have a little bit of fractional gold but long term financially it just makes more sense to save up for the 1oz. I try to buy at least 5oz of gold a year, primarily Gold Buffalo’s and Maples
After collapse, fractional gold will be a way to buy a month's worth of groceries, a horse and cart, rent some extra land, etc. Those of us "doomer" types are not looking at gold as a commodity or investment, but as an alternative currency. Barter will be good too, but keep in mind that even your neighbor who hates you will still take silver and gold.
I buy most gold via Bullion Vault, whers I can buy in 0.001 kg increments, but most buy $1000 or more on the NY market. I keep a stack of gold and Constitutional silver at home for SHTF scenarios. I don't buy less than 1/4 oz. gold due to the high premiums.
Hey thank you!!
There are no local coin shops for me. It's been Monument Metals for me.
I like fractional because with those high premiums when you have enough to turn it into a full ounce you should have enough left over to get some silver as well
Entropy,interesting analogy.
I bought a US mint tube for 1/10th eagles so I suppose I should fill it?
For me in the UK, sovereigns are generally about 4% and are fractional so win win!
Indeed, more affordable
Actually you do get premium back on gold fractionals.
Selling private is the only way to sell pms. Unless you you don’t care about getting the most money back. 👍