Pros and Cons of Buying 1/10th Ounce Gold. The WORST Investment?
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- čas přidán 27. 01. 2022
- In this video, I speak with my local bullion shop owner Brian who owns a shop in Spring Hill Florida called Vermillion Enterprises. Brian specializes in bullion silver and gold and has great advice on whether or not small fractional 1/10th ounce pieces of gold are worthy of your investment dollars. Thanks for watching!
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Vermillion Enterprises - Owner Brian Vermillion
5324 Spring Hill Dr.
Spring Hill, FL 34606
Phone# (352) 585-9772
www.vermillion-enterprises.com
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P.O. Box 1682
New Port Richey, FL
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After watching this video, what is your thoughts on 1/10 gold?
Well I have never paid ridiculous premiums for them . I found that in the run up from 1100 to 2000 I was able to find more and more at spot and slightly over - then again I always pay cash and I aggressively pursued 1/10th from spot to 10$ over . I have easily bought 100 in the last 3-4 years not all eagles and some ex jewelry but when you are getting a deal you can’t be picky
It's almost a toss up between a 10 oz silver bar and a 1/10 oz gold coin... its not EXACTLY apples to apples... but I tend to compare premiums between the 2 classes... the difficulty comes if a specific coin or bar is "calling my name" so to speak.
I really like the “bite size” 10th ounce gold eagles. Brian’s logic is spot on, and I am on track for meeting your 2022 challenge.
Lately that’s what I’ve been slowly stacking are the Gold 1/10 oz. I just bought my first Gold Eagle. I do want to move up to the 1/4 oz every once in awhile. To pay lower premiums.
I seriously believe gold will shoot up steadily, just from inflation alone. Right now a 1/10 is $225. A 1 oz is $1800. When it gets to $2500/oz you just don't want to pay any premiums over a full ounce. $450 extra per ounce hurts, but imagine $625? No thanks I'll collect fractional now, while prices are "low".
What is rarely said about 1/10 ounce gold coins, is that they are very popular and most dealers will pay strongly for them. So a good bit of that extra premium can come back to you. Thanks for mentioning that!
Where everyone doesn’t come in with $1900 cash for a 1oz, a lot of people have $220 that go into a shop.
@@Spegtacular spot on, I like getting sovereign coins but it's great when cash is tight to spot half ones, that way even though it might not be the best premium it is still something added and every bit adds to the stack.
When I started, I bought 1/10 oz pieces when I could afford them. I'd just go in and trade in my 1/10's to half and full ounces. I'd take my "change" as junk silver. Hopefully this method helps others "ladder" up to bigger gold.
Thanks for that info.
You forgot one other reason for fractionals for the ultra-paranoid. Fractionals are easier to hide in small places. Open the seam in pants or jackets and sew them back shut. Putty them into that crack in the wall and paint them over, etc., etc,... Plus, I never thought of buying gold and silver as a way to control shopaholism. They can satiate their urge to buy yet keep the value of their money. And then some, too... $$$
I agree. If you can afford to buy 1 oz on a regular basis, that's the best way to go. If all you can afford is 1/10th oz, then that's the best way to go. If all you can afford is a silver eagle, that's the best way to go. Being consistent is key. Especially in the beginning. Getting the ball rolling by buying every so often, whether it be once every 2 weeks, once a month, or once every 2 months. I think it's better to buy a 1/10 oz coin every month rather than a 1 oz coin once a year. You'll stay more motivated if you buy regularly, rather than once a year. Odds are that most people won't end up buying the 1 oz at the end of the year. The money will be spent away on other stuff and there won't be enough for the 1 oz, and they'll end up with no savings. Better to lose some money on higher premium and build up some savings, rather than lose all the money on random spending. And of course, it's also important to set aside some money to enjoy life as well. Putting money into savings is good and important, but also treat yourself to something you enjoy every now and then.
I agree with your thinking. I would even look at the 1/10 oz Britannias and the 1/10 oz Philharmonics .9999 they look so beautiful like eye candy.
The 1/10 challenge is a great idea. I support it, and doing your challenge as well as hosting my own with a little twist. Good luck.
Here it is 2 years later, I grabbed a few more of these because of the videos and now they are around 270. Thanks for this awesome video.
Now over $300!!! 🥳
I havent took your advice because I already stacked for many years. It is good to see that younger generation is learning from someone like you Speg. Keep up the great vids !!!!
I found this video just as I decided to do 1/10oz every month. AWESOME. Ounce of silver a week, 1/10oz gold eagle a month.
Thanks spegtacular! love the chats with you and this shop owner Brian
Published in Jan of 2022, still valid in May 2024. Awesome information, as usual!
I love the coin shop videos. Thanks for sharing!!
One of the best Gold videos ever! Sharing this video with family and friends.
It’s crazy how low premiums are right now. You can get a 1/10 coin for $225-$235 today with a cost of $2,057/oz
I just paid 240 yesterday at coin show in Vegas. With gold being at $2364.
Always enjoy dealer interviews. Thanks 👍
Always a good time when Brian’s on
I love the idea of monthly goals, I can’t always do $250, but alternating silver and gold every month or two I may be able to get a few at least as well as some silver.
Been getting them for 210 at flea market every pay day. No tax. Another one tomorrow.
@@randystanton6280 The flea market? Is that safe? Counterfeit safe?
@@mateoocampo3165been buying from them awhile. My guy has a tester and and I usually pay a total of 220 and get 6 Roosevelt dimes in the deal 1.66 for Roosevelt dimes really sweetens the deal.
You will be surprised how quickly your holdings grow if you stick to a “buy one a month” plan. Go for it.
yes when he sad 1/10oz gold per month i was thinking there is no way i could afford that
One thing Brian didn't mention is private party resale (I'm sure that's because he's a dealer and he doesn't focus on that). If you want to move your metals privately, for whatever reason, it tends to be easier to move smaller amounts. Thanks!
Thanks to you Speg and your 2021 challenge (I started late in June) I have a nice looking stack
Love these interviews. :)
Very cool video! I've always wondered if it's worth it to go smaller or just stick with the big stuff.
Great video thanks for sharing
I really enjoy your conversations with Brian. Good info. One thing I wish you would have covered in this video is how other 1/10th oz coins (Britannia's, Mapleleafs, etc) do in the same scenario. I just finished up a tube of 1/10th coins, with the majority of them being eagles but several other coins mixed in for variety. Last observation, I just picked up a 1/10th oz coin (either Canadian or Perth - not sure which I got yet) for 10%. The deals on 1/10th ozer's are out there if you look.
Excellent video Speg & Brian! 👍🏽🤩⭐️
Very good discussion. I am a big proponent of fractional gold, including 1/10 ouncers for much the same reasons as given by the dealer.
good info!
Great video! Another awesome central Florida shop! I personally like the fractionals, 1/10 and 1/4 ounce Eagles are great of have. Easy to liquidate if the need arises to anyone as they are affordable.
Higher premium but I think much more liquid and easier to move quickly.
I no longer buy any gold 1/2 ounce or higher. The premiums are too high. Yesterday, my LCD had Krugerrands priced at 188.00 each. I scooped up 6 of them. He purchased a very large collection of gold a couple weeks ago and priced the gold to sell, so my timing was perfect. I am not always this lucky.
I buy 1oz every year rather than 1/10oz 10x times. Ultimately I pay ~$200 less for the gold. Gold rarely moves that much during one year, so it's unlikely I will hit the very worst spot across the entire year to buy gold.
Don’t neglect the benefit of owning fractional like outlined in this video ;) there’s more to it than just “cheapest possible”
Hmmm 10th oz of gold per month, and a glass of Merlot? That's the ticket! Investing for my future and living well. Now that's great advice Speg.
I am kinda participating in the gold challenge...I have more of a silver budget but I’m planning and a quarterly gold challenge with a bi-weekly silver challenge
I enjoy when you interview both Brian and Guy very entertaining and informative videos
I'm glad I found this channel I live 30 min from this shop I will see this place soon
Prepper here! I do have junk silver and 1/10 th gold. I am moving into more gold this year. great coin shop interview
Definitely like your new intro man !!
Glad to hear it!
I like good advice not hype, thanks Speg for another great video.
I just picked up a 1/10 oz Devils Brigade and a 1/10 oz Battle in the Corral Sea for $202 & $205 ea. I wasn't really in the market for either but the 10% & 14% premiums were too good to pass up.
So you’re in the challenge then!
Locally people buy 1/10 oz much easier than half or full ounce. Even quarter ounce seems a bit much to some people. But couple hundred bucks for a new gold coin doesn’t seem bad at all.
Yes, it is worth it. I thought 1/10oz gold coins for 170-190 back before March 2020 and now they are well over that at the same spot price. 1oz gold coins are only a little bit more. 1/10oz were the best investment in gold I have made. People are not going to be able to buy a full 1oz coin in the future and really now. The premiums on the smaller stuff goes up faster and many people can only trslly afford those even saving up a few months. They are the most sought after by many people now. I never bought gold coins before because gold always was expensive or perceived that way. I thought you had to get a 1oz Krugerrand because well Lethal Weapon was my only knowledge on gold coins at the time, lol.
Good stuff guys. You're making me want to order a tenth! 💰
Buyyousome
Do it, Bean‼️💥
No sales tax but a huge(30%+) premium
I’m so glad I bought a lot of gold in the 80’s. I couldn’t imagine trying to stack gold at these prices.
So as I understand it even though the premium is high when you buy a smaller amount of gold your shop is willing to pay a little more for the smaller amounts over larger amounts on a buyback? That seems fair, don't think all coin shops do that -so shop around.
This is a key stacking video. Watching it again.
glad you enjoyed it...hit it a third time for me.
@@Spegtacular I watch your videos 2-4x when they first are released. Then I watch them weeks and months later. You get more info and overall strategy out of each video by viewing it different times and days. Your videos demand discussion afterwards.
Because I love buying the pms it makes saving easier. I can’t necessarily get $250 a month, at least every two or so maybe.
Vermillion Enterprise my go to guy for Gold and Platinum Eagles. I'm buying a 1/4 Oz Gold Eagle every month this year for the Spegtacular's Gold challenge.
I did the previous challenge, 2 Eagles, 2 maples, 1 Kang, 1 Philharmonic, 6 Britannia various dates. I am very happy with them. 8
Crowned coronation 1/10oz gold bullion coins showing crowned Charles III portrait and limited mintage of 53k are currently available from royal mint for not much more than you'd pay for 1/10oz coins elsewhere. I highly recommend...all british coins going forward will show charles uncrowned, the crowned varieties will be a novelty.
Nice way to break down an approach to Dollar cost average
When SHTF you'll want those fractional pieces.
The hits keep coming. Thank you for another great video. I started my 1/10 monthly challenge in December... looking forward to grabbing my third in February.
and the beat goes on…
This is great logical advice. Invest in what you can afford.
Great savings tool. There's way less "emergencies" that come up when you lock you hard earned money in metal. 🤑
I have been dinging around here as well that the LCS’s will pay over spot for the 1/10th oz . At all places they said they would pay around 200 ea . Now the 1/10th oz purchases don’t seem so bad love the 1/10th oz cheers spegTacular great video thanks
I used to only buy 1oz but have since changed my mind
Don’t let me tell you that 1oz are not good but it doesn’t hurt to throw in a little variety :) spice of life !
You got that right! It’s a inconvenience to turn in coins!!and I will spend it!
I think these are great ideas! Setting aside a certain amount every pay period to purchase some precious metal's.
All gold is good at the right price. Just bought my wife a nice used 14k hummingbird pendant with a chain to match. I got it from my LCS. I just picked a pendant, added a chain of same gold, then had the dealer total the melt value for me so I knew exactly what I was getting in future value. 210 melt value cost 280. Yeah it's a high premium but is a work of art and I bet it won't be to long before the premium is covered.
I have 12 1/10 ozt gold eagles dont regret. That was my lane I stay in my lane. Gold is gold.
This is precisely why my largest gold is quarter oz and my largest silver is 10. Can still get quarter oz pieces for less than 500$ and I think 2000$ gold is cheap in today's dollars.
GOOD MORNING SPEG AND BRIAN. I CANNOT AFFORD ONE OUNCES SO I PURCHASE FRACTIONAL GOLD.
Thanks
I like your show helps keep people up on prices...Can you tell me what a 1922 peace silver dollar ruffly worth on a scale from 1 to 10 around a 7 on a real nice coin being a 10..
Thank you for the video gentlemen.
I think I would rather have 8 Silver Eagles. Thank you for the video, starting to warm up to the idea of 1/4 ounce gold though.
I think the 1/10th Oz Eagles are a good entry point. I stacked some of them while I was focusing on Silver. Now that I have shifted to working on gold. I have found 20 franc gold coins are a super deal when trying to budget.
you'd be surprised how quickly those 1/10oz become full oz, i know i can't just buy 1 oz of gold any time i want, but i could buy 1/10 any month i feel like, I also live in Australia, we don't pay sales tax with 99.99 coins, so i can collect all different types of 1/10 oz gold coins from all different mints........ sure as hell can't afford the variety in 1 oz coins, but 1/10 for sure.
love tenth ounce size. don't like the premium. I do buy them when the price is right.
where do you guys keep all your precious metal? So it’s easy and accessible right away? and safe ty
When there’s a dip I buy 5 gold 1-ounce coins. When the spot price rises I sit back. Last year there was a sale on 1/10 ounce eagles so I bought a roll of 20 of them.
People cry and whine about the "premiums" on fractional coins and bars. When SHTF happens, grid goes down. Your not going to be worried about premiums. Sorry for being blunt, but it's the reality we live in now.
I love my LCS guy he basically buys everything at just about spot and sell at spot or a very low premium depending on the product. so when it comes to fractional I go to him forget the big online retailers
I buy a 5 oz.'s generic silver bar and 1 - 1/10th oz. lady liberty bullion coin from MMX every month. Would like to have you do a video on generic's as opposed to government coins, which is the best bang for the buck? I think generics are the way to go, but would like your opinion!
1/10 oz gold is all I've been buying if 1oz shoots to 10000 small purchases will be hard with gold.
Subbed
Got my 1/10 oz on order. It is not a gold eagle, but an Australian. I got it for a great price. Does it count for the challenge?
I only buy 1/10 oz #Gold when my nieces nd nephews bring home good grades or when they turn 5,10,15,18 or communions/graduations 👌🏼. They are great for gifts 🎁. When i dont have anything for them my fall back is 2 oz of #Silver lol
what about sweet 16
Some of the info pertains to Florida state laws. People should look into the local laws to find out tax info because it differs greatly depending on where you purchase.
I started buying gold and silver coins seven years ago. I live in the UK and the one tenth ounce Britannias I bought then cost £125, now I would have to pay £184, so that's about a 50% rise relative to pound sterling (more than covering the premium). And of course when you sell them on, you can add some premium on top anyway.
Great piggy bank. Makes SAVING FUN.
How does one dump their gold out on the table like this?? My Gold coins are all in capsules.Great Video Speg.
Different strokes for different folks.. I’m a capsule boy too.
Kinda weird, but bought a pre-columbian nose ring the other day well below spot... Not going to wear it, but it is hammered 24k solid gold 😍
You’re right.. that is weird
Gold is gold👍
Great Video. The bartering thing won't happen . Think of the supply chain. They would All have to accept precious metals . Would Never happen!
All hail the “Eaglettes” 1/10 oz. gold! 😉👍
And in Canada we get hit with sales tax on eagles because of the silver content.
Trying to stack 1/4 ounce gold each month
Cheers 😁
my LCS are a tad bit pricey with their 1/10th ounce pieces I bought a 2017 for $230 this month and the other shop wanted $240 so I'm hoping that I can start getting a little better rate this year
Some are.. I even have some near me that are way overpriced and so.. I go elsewhere
Monument metals has 1/10 eagles for $215 right now
I buy a 1/10 oz AGE every payday. I also buy silver each month. Stacking towards a goal.
What’s the goal?
Going to see him today. Want to trade some 1/4's for a 1oz
Hello, what do you think of goldbacks?
I just ordered my first 1/10 oz Libertad.its a random year but I'm sure it'll be a 92.Im a big fan of tenth oz.
Selling precious metals to get a couple hundred bucks is what you have silver for. I buy only one ounce gold.
Lower your insurance costs for a car house, save on or cut back onelectric gas oil, buy the shiny and keep the things that are enjoyable in life also love all those baby eagles
When I started stacking in 2011, I bought 10 ounces of silver and a 1/10th ounce of gold every month.
I fell like that some what off. In Maine at some places they will give me more money for 1/10 oz gold because if there out and they need it or it’s just so much more liquid than 1 oz they give me a better price.
I Accept your challenge my guy ...
I think 5g bars are the best place to start on the lower end. They sit at about 315 rn for Valcami/Argor which breaks down to $63 per gram. Melt price per gram is about $58. So you only pay $25 total premium over spot for a nice little gold bar in a sealed protective case with serial number and assay.
With the 1/10 oz gold coins you're paying about $215 for just over 3 grams which breaks down to about $69 per gram vs. $63 for the above aforementioned 5g bar.
I know it’s a year old comment, but you are also selling back the premium in the case of Eagles.
The premium is the same for 1/oz or 1/10 oz :) is because when you pay 200$ for 1/10 oz premium is around 40-50% ....
Challenge accepted. I'm going 1/4 each month. Will I make it? Who knows. If I have to I'll drop down to 1/10. But I'm pretty confident in my strategy.
I want a 2.5 dollar indian gold coin or a 1 dollar one. Really like the 2.5 dollar one. I want to buy in person and there isn't any place to go around here. I need to find a reputable place to go. There is no coin shops at all anywhere close either. Wish I had the money to open a coin shop here. Small town but there isn't anywhere for people to bring their coins to sale or anywhere to buy. Bad thing about small towns