Too Much Gold
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- čas přidán 13. 05. 2022
- You read that right. Is too much gold even possible? Is there a point when you don't need to keep buying, or even a point when it doesn't make sense to buy as much? Let's take a look.
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The answer to "How much gold do you need?" is simple. It's always "Just one more ounce!"
^ this guy ounces.
Throckmorton , I couldn’t agree more …
I would say 1/10 but ima broke bitch
N + 1 👍
Perfect!! And correct
ive NEVER had an emotional attachment to the money in my wallet but once I got into silver and now gold I DO have a collectors attachment to it of course I dont regret buying any of it and hope to buy as much as possible for the next 30 years lol but its much harder to sell then handing over my paper money.... I just have to remember why I bought the stuff in the first place...Its easy to get sidetracked from the original purpose when it becomes a HUGE enjoyment as a hobby...
If there has to be an addiction, "investor/collector/store of wealth keeper" could be alot worse
Great articulation. I have a few ounces of gold, literally just few. I’ve only been at it for 1 & 1/2 years. When people say it’s hard to sell gold, what does that mean? Is it just the inconvenience with converting back to fiat…?
I have no intention to sell for years, but what’s a typical exit strategy…. Coin dealer, sell yourself on line, etc? Thanks in advance…..
@@Musique3579 yeah seems like the smartest thing to hoard lmao.
@@Musique3579 sure beats drugs, alcoholism, or gambling, I dont think anyone is concerned for those obsessed with saving money haha, I dont think crime is funny although id smirk at a new story of a guy whos well off but broke into someones house to take their tv to buy another coin for their stack, hahaha
@@alexpearson8481 local coin shops could be literally the easiest since its in person nd quick...but sometimes the best price will be to sell to another collector online...just depends on how much time you have to sell it and what your looking to get out of it, for example lets say you bought a gold eagle for $2k exactly when gold was $1900, and you wanted to sell it next year and gold is at $2k but your eagle is selling online for $2100 even if the local dealer only gives you a tiny but over spot you wont lose any money you will make a profit based on the higher spot price at the time of the sale, premiums aside the goal for most if not all of us is to sell at a much higher spot price so it covers premiums as well as more profit for its value overall as gold or silver ect...my exit strategy is to wait until im much older hoping the prices are MUCH higher and Id like to sell it off in small chunks to gte the best return...a bulk sale will leave you with quick money but more of a chance of less return overall...
Once you have a million dollars worth of gold, the security and risk concerns become enormous, very cumbersome. For someone not in the business, the limit must be somewhere south of that.
Yeah but not an external soul will know about my collection so no worries for me Evan!
I think it's a compulsion/hobby thing. Especially given cash is being devalued so fast, keeping it in precious metals may make more sense.
I like having your show in my rotation of precious metal channels I follow. Your philosophical approach to the topic sets you apart.
Thanks!
I think you can over-allocate in any asset class. I am a newcomer to physical PMs, and while I was immediately convinced it was a good idea to acquire some of that asset after overlooking it, I thought long and hard about what my goals were before I made that first purchase. Your channel helped me frame those goals, so thanks (I discovered your channel during my initial research). I broke it down into 3 tranches: 1) Immediate term goal: have an emergency gold stash, about 2-3 months of expenses, which would purposefully include some fractional 1/4 gold that I could potentially sell somewhere other than at a LCS or pawn shop in case of some kind of crisis. AGEs only. 2) Intermediate term goal: fill a tube of 1 oz gold coins, mostly AGEs with a few Buffs, but add some of my favorite foreign as well since I do enjoy the coin designs and they are usually cheaper. 3) Long term goal: haven't thought about this as much, since it's on the horizon. I think I'd look to transition my "variety" tube into a tube of only AGEs AND a variety tube without any AGEs. With the drop in spot I have reached that immediate goal. So...preparing to enter phase two. But spot has something to say about that, at least for me.
I can tell you’re smart. Having that plan going in is going to save you mistakes. Cheers!
Tube? You mean Tubes - yes?
What is AGE?
@@paulpatriot1776 American gold eagle
@@littleredpony6868 Thank you very much!😁
Ideally I'd like to acquire slightly more gold than I could comfortably carry in a backpack and still have room for a sandwich.
LOL, well that's one way too look at it.
The real question is how big is your backpack?
@@woolengrappler Bigger than his jeans pockets. ;-)
@@zorkman777 yes! Ammo for fi$e arm to insure he is able to KEEP and protect what’s in his backpack.😁
I think once you get to Scrooge McDuck levels, you’re probably pretty solid.
Ha!
I second that. I'd probably stop if I ever hit 500oz but I doubt I'd ever hit that mark
@@picklesrgross Yeah... SPLAT! lol
Yes, you can get a bad case of "the smeagols" and get too obsessed with gold. As I've said before, gold for me is about increasing wealth, protecting assets, passing it down the next generations. Those are the functions of gold for me. So yes, I can see myself exchanging it for collectible US gold coins, real estate, or businesses. If those endeavors were to pan out, I would buy gold with the profits. Rinse and repeat. Thanks for the video.
Great plan. Cheers!
Funny thing. Because of the hobby and compulsion issues it will never be enough. Our rational minds and balance sheets say “that’s about right,” but then you get withdrawals (thanks, dopamine) when you don’t buy for a bit. As you say, clearly it’s a problem.
I can think of much, much worse problems to have.
All very true and well put. You’re a clear thinker, Vert. 🤜🤛
"I can think of much, much worse problems to have."
Absolutely, and some of them are downright dangerous.
Id rather be “addicted” to Gold than lots of other things lol at least what we are addicted to will always have value and doesnt get shot into your arm or burned up.
Once a few years back I remember watching a video of a chap who had noticed a squirrel kept entering his garage roof. When he finally decided to do something with the squirrel, he had realized that the squirrel was collecting peanuts as squirrels do. When the owner of the garage finally evicted the squirrel he found a massive cachet of about 25 pounds of peanuts. It was massive. If allowed to continue, would that squirrel have ever stopped collecting the peanuts? 😁. Always a great video thanks 2is1.
Maybe I'll start calling ammo peanuts.
That's nuts! -probably a squirrel reading your comment
Yes Ammo is quite the investment
The squirrel may have stopped when the ceiling collapsed and taken up structural engineering instead.something good always happens.
Sure when the ceiling fell in haha
My goals keep changing on gold so I don’t think I have enough. One at a time is my strategy. Keep on keeping on.
With silver premiums insane. I am all in on gold. At least until silver gets back in track.
@@georgemarcouxjr7505 Yes, silver premiums are ridiculous these days and they make me glad that I completed
my silver stack in 2019... unless something really nice comes along at a good price, of course. 🙂
I second that
FYI your one of the few gold channels I watch regularly. Engaging delivery and I enjoy most of the content. Cheers.
Yep exact same boat this month; telling myself to focus on DCAing down on the market over the next year but then I see a great deal on a Krug and, well....
My thinking is what you mentioned, once I reach my goal, i’ll just buy if the price is particularly attractive to me. In the meantime i’ll just have money set aside for that possibility, or maybe the stock market, if I feel it’s a good move. Either way, i’m ready for whatever presents the best opportunity.
Good plan. 🤜🤛
I enjoy your discussions
Thanks!
Very nice analysis on holding some cash now to buy the dips, I also feel very tempted to buy gold
Wow, that Liberty gold coin is super nice. I've never seen that before. Thanks for the vid.
Interesting video. Thank you. As a metal bug since 1970, my approach and view has changed as the markets also evolve. I started volunteering at church bake sales at 10 years old, with pockets full of post 64 coinage. After the bake sale, the ladies would let me swap out the 90%. Later would go to the bank and buy boxes of halves (even as late as 2003) and swap out the 40%. Buying low and selling high, and buying gold with silver profits.
Since 2008, I have just been stacking. My allocation is 40% metal; 30% cash and equities: and 30% real estate. I am constantly rebalancing my portfolio and adjust to market conditions.
Smart!
I am way late to PM's. Now have a good starting point. I was initially upset at first watching everything tank (expected), but have a plan for the long haul and got over it. Slow and steady now. Goal is 120 oz before I retire. Gives me 10yrs @1 coin a month to supplement income when/if needed. Got a couple decades to get there and will adjust goal if needed.
smart goal. You may get lucky and be selling during a massive boom, during which you can have a little bit more fun!
One hundred ounces is a nice, round number!
🤜🤛
I bounce back and forth between stacking and hobby. The hobby part keeps it fun and interesting for me, and keeps me stacking, but also gets me in trouble. I have tried setting more specific practical goals, to keep me focused, but every once in a while, a nice shinny collectible pulls me off track. At the end of the day, i still recognize its silver or gold put aside, but not always as practical in maximizing ounces. I try holding back and buying on dips, or borrowing against myself if a ridiculous deal i can't pass up shows itself. Then, repay back my own debt to my other accounts and get back on track. Makes it interesting, but need a bit more discipline. And, no, i dont feel like I'm even close to having enough for emergencies, so i keep slowly stacking!
Good video, with some good questions and thoughts! Thanks for being real, and sharing!
Yeah, thanks for the reply. Cheers!
Most in America r having a tough time buying an ounce of silver let alone buying ounces of gold
Things are not that bad in America.
The reason they are in that position is because they live beyond their means. But gosh gee willicker, they have a mortgage they can't afford. A big shiny truck in the driveway. And a boat and camper!
Yeah, what Sidney said is true. A recent survey found that only 39% of Americans could cover a $1000 emergency expense. However George is right as well, it's their own damn fault, very few adult Americans are cash poor for any other reason than their own decisions.
I just started buying gold as a "store of wealth" and at the age of 49 and a half, I'll probably be doing it until I am no longer among the living or gold gets so ridiculously expensive that I can't afford to anymore. My plan, at least for the foreseeable future, is to pick up one quarter ounce of gold every month at the best possible premiums. If that means a Philharmonic this month and I Britannia next then so be it (as long as it's a recognizable entity) I am seriously considering reevaluating my expenditures to enable the monthly purchase of a half ounce. Thanks again for the informative and entertaining content. ✌️
If u want to save on premiums why don’t u buy a 1 ounce gold coin or bar every couple months instead of fractional gold every month? No offence, gold is gold, but 1 ounce is less premiums. As far as gold getting too expensive, I doubt that, at least for now, gold is being smashed down to protect our dollar. Gold could be heading for $500 lol
@@silver-en7kl because I know that if I stare at a pile of cash for 4 months it's liable to find it's way back out into circulation unnecessarily.
@@jeremiah1059 yep, I hear u and one good thing about buying gold and silver for me is once I trade my dollars for pm’s it’s like a forced savings account. But the way gold and silver are manipulated, I’m taking a break from them. Now I’m focusing on the gold of food…..freeze dried food. When I give a hungry person a ration of freeze dried food one day, they will feel like I just gave them gold.
@@silver-en7kl "Gold could be heading for $500 lol"
From your lips to God's ears! lol That would be a "back up the truck" moment for sure. 🙂
@@edb3877 what’s so impossible about $500 gold? If gold can be manipulated down to $1835 then why not lower? Silver too, silver could easily be bashed down to $5. This is a corrupt system based on greed, not free market or honesty and fairness…..nothing about these markets will ever surprise me.
As i'm only 3 years into my Gold stacking journey I'm know where near to the 'Too Much Gold' scenario but will let you know when I get there!! Though after a 'big weekend' I certainly got to the too much beer stage, perhaps getting out my stack later today, hat warm golden glow will get rid of he hangover!!!
😅
I reached my goal of 20% in gold/silver last year, but this dip suckered me into a buffalo purchase around $1900. Now we're $100 under that so I need to get another one to average it down. Plus I need 7 more 20 Francs to round out a full nickel tube that is equal to 1/4 kilo agw; with lower prices I'm probably going to do it. It's never ending. My only concern is the dollar blowing its top off, we may not see the end of relative dollar strength for quite a while yet
You are obviously still working and must have a great job to be buying like you do, congrats. Being retired & late to the precious metals market, I am mostly in silver. In my 50's I got into firearms. At a local store chatting with the help one day, I mentioned I was almost done buying, so the clerk asked how many & I said about 12. He was flabbergasted & stated he had over 140 & was getting more. So, each of us has a passion for things that changes as we learn new things, get older etc. Steady employment helps a lot also.
Employment and a hell of alot of money . . . No way I can afford to pay $2,000 EVERY Month for a godl coinc . . . I would like to . . . but the cash gods hate me
I’m envious of all those gold coins. Bars just don’t stack up, yet they do. Best Regards!
You're right - you can never have too much gold. But... Stack responsibly and don't let you emotions ruin your economy.
Personally my first goal is 1 kg. A wise guy once said that would bring you in top 1% of gold owners. I will get there eventually. Will that make my stop stacking? Probably not but may make me calm down a little - at least purchases from dealers. Last summer was crazy. For various reasons I had a lot of money and nothing to spend them on beside electronics and take away. So I got a Sovereign, 1oz Krugerrand, a 1oz Eagle (old version), a 1oz Britannia and an Italian 20 Lire - all 2021 except the Lire which I won in a local Facebook auction. This year I've only added "hunted" gold to my stack. 1 and 4 ducats and vintage Malaysian 200 Ringgit commemorative coins totalling for 46.65 gram of fine gold - everything (still well) below spot. I still want to add at least 1 1oz coin this year - preferably a 1979 Krugerrand (year I was born) but if not a 1980 or 1986 might pass as well (my love for the 80s, 83 is too common and already got that but 82 can pass as well - year of the C64) and if those years are out too then heck just the 2022. However while I have the money at the moment the prices are currently in a downward trend so I'm not in a hurry to buy from a dealer. So for the moment it's the hunted deals I'm after at auctions etc. Hunting deals is where the fun is - it's a hobby to me so that I'll most likely never stop. Should I ever buy something I really think I shouldn't at that moment I can always sell it again to the dealer for some pocket money.
I think it’s a good idea to shift gears when you hit goals. Cheers!
Exactly... I often have a bit of an internal conflict between the investor side of me and the collector. I do think it's time to stack some cash to capitalize on an anticipated, significant market correction. Lately I've not followed my own advice... But that is my plan for the remainder of the year. Conservative dollar cost averaging into metal, focus on saving dollars so I'm positioned to take action when there's significant buying opportunities. And in my opinion, that's likely sooner than later. Thanks for the great video.
Thanks, and good luck!
10% total assets in physical metals seems about right. I also try to buy the cheapest per ounce I can get. In silver, mostly 100 oz. generic bars. The premium savings should make up for any difficulty in liquidation, I believe. I don't ever picture a bartering scenario, that's too bleak a view for me.
Just purchased a gold eagle been wanting one for awhile decided it was time to pull the trigger. Planning on buying a tube of Morgan’s from a private party sale I’ve committed too but after that I’ll be focusing on just saving cash for awhile.
I’ve thought about this a lot and come up with 2.5% of my assets in physical gold. And because my assets are still growing I still get to buy a coin often enough to scratch the itch. But just like you if my LCS has something fun for low premium- last week that gold lunar tiger and a Chinese panda - I grab them for fun.
Currently paused at 1kg but I’m desperate to buy more. I’m trying to increase cash holdings but the temptation to go buy some more Gold makes me feel like an addict. The greatest thing about buying Gold is it stops me buying things I don’t want or need in a moment of weakness. Saving cash or trying to is very hard for me personally and I have regrets with some things that cash savings have ended up being used for.
Yeah, I can relate. 🤜🤛
Once you hit your goal it makes since you hold off and buy on the dips as your needs dictate. That way you can do better than cost dollar averaging over years.
What started out as a hobby became serious for me after 2008, I stack mostly GB's because I just like that coin better than the eagle and others . After a few years also started with Pre 33 slabbed because of the beauty and history of the coins. Friends thought I was crazy to do so but now pre-33 is hot an expensive! Old is new again. The only way I will stop is when I find no enjoyment in doing so, then I will treat it more like my other investments as something I have to do every month. That also means unsubscribing to channels like yours, which I would find to be very painful as good advice and common sense is in short supply these days. Nice topic today.
"... as good advice and common sense is in short supply these days."
Amen to that, NJS. I also have come to the conclusion that "common sense" just isn't all that common anymore.
I think once a person realizes that the USD loses value and that PMs are a way to sidestep that, it never ends.
Having cash is also very important, it enables us to grab deals when they come up.
Individually we should decide how much is enough cash and PMs.
For me having the cost of an A.G.E. in cash and a goal of a tube.
This is the best comment yet! Thank you for that message, “having enough cash to buy a 1oz coin, and a goal of a tube!” I’m going to start using that in my day to day!
Hello from Kansas! When I reached a certain weight of platinum I had seen an opportunity in large currency. Great to have options at making $ and storing $ like you have mentioned on real estate. When something else gets hot you have that chance to profit. If I just have gold have to sell to someone who wants gold. Just a thought from the land of OZ. Great video thank you again sir!
Makes sense. Cheers!
This seems to be one of your most introspective videos asking whether or not this activity is straying beyond prudent financial diversification and/or enthusiast amusement. It’s good to be asking and reflecting. Diversification/physicality/transportability are all great (not to mention luster and beauty), but at what point does it transition from asset to burden? Thank you for these helpful and enjoyable videos and sending along best wishes.
Its a great way to save.
Ive never ever sold any part of my stack
🤜🤛
I appreciate your channel always taking the time to pause and think about things. I always think how much usable cash I may need vs what I can store into savings and would never miss. For a new guy do you think this big dip is a good time build up some more gold and silver?
Cash…Food..Water ….Energy(Generator)Extra Fuel Stored Safely……Items You Can Barter With…Cigarettes..Alcohol…Family…And Strong Community…..Gold ….Silver if you can afford to have some….
Yes, all dips are a good buying opportunity. I would make sure you stack some boring stuff first, because you can sell that first to keep hold of the more valuable/sentimental stuff. as others have said, keep a buffer of cash ready so you have to use that first before even thinking about selling your pm's. last thing you want is to be selling at a loss.
The most honest bullion guy on CZcams by far. Love his videos
Appreciate that!
So I am new to this whole stacking precious metals… and yet I have already his this point with silver. Truthfully I’m planning to sell off my silver and just buy gold (mostly due to how heavy a stack of silver is… and again, I’m still new to this!). For gold, I can’t see myself quitting to stack, but once I hit a large goal (let’s say 100 oz), then I would switch over into hobby mode and just pick up the occasional coin that catches my eye (or if there is some crazy deal I cannot pass on… one that I can tell my grandkids about).
🤜🤛
Like anything else, too much of a good thing isn’t always good. Thanks for the video!
Thanks!
With the reset coming, the time to buy is now. Most of us, will never be able to buy after the reset.
when you are not holding cash the deals seem to be everywhere as soon as the check Hits the bank you buy without thinking regardless of price it's automatic sometimes the buying week falls in line with the dip, buy your gold stocks before they raise in price
Personally stocks are my favorite investments. Going up, going down, playing stocks is like a game.
When I win the game, I treat myself to some loot. No better loot than gold.
Makes sense to me. Treat yo self.
I have been asking myself the same question. The recent strength in the dollar has me thinking I need to save more dollars to be able to buy things when they come on sale. Having said that, I had a 1/2 oz Britannia delivered today.😉
Ha! I get it. My left brain thinks about it. My right brain buys anyway. 😄
@@2is1gold 🤣
Buying/collecting gold is fun. This dip has me thinking about a 1/4oz Eagle.
I wanna stop buying but I can't. Picking up 20 francs on ebay at $25 over melt. What do you think is the best fractional coins to buy? Best bang for the buck low premiums?
My purchases are a standard part of wealth building. I shoot for 10% of my portfolio in gold. But I’m not a collector, it’s just money for me. I do appreciate those who collect for beauty and fun.
Its like saying when do you have enough stocks....or real estate. Its more about making sure you have the right allocation of assets for your wealth. The real question is, "when are you rich enough and need to start giving it away?"
You got it caleb, except for if you're passing it on to your family, you will need to liquidate it at some point, you can't take it with you when you're 6 ft under.
You could always collect something that gives you as much joy as gold, finish up your gold and silver side quests over time with selective purchases, and use your "hobby collecting" time and money for something to augment your gold. For me, when I got a little bored shopping for silver, and gold, and was at some nice "stack numbers" that didn't call for too many side quests, I got into antique American made pocket watches. I don't go hard, but it gives me something else that seems to slowly hold or gain a little value, often involving precious metals too (the cases are often plated, filled or even solid gold or silver) so that keeps it in the "metals family" to a small extent. They fit in my safe, are just as interesting as coins to study and learn about, and there is a market out there for resale in a crisis or profit presenting opportunity. These are not for investment per se, but they do hold value if you don't break them after you get them, and are only getting rarer as the remaining ones do get lost, broken or parted out for repairs on others.
Thats just an example though, you could do jewelry, cars, paintings, comic books, collector card games, etc etc etc. I think the point is, if you already know how to properly do valuable collecting in general from gold, silver and coins, then you'll find these other markets and their assets and valuations work in similar ways. Obviously, its a whole new world to research if you go down one of these rabbit holes, but that's the fun of the "hobby" part of these things anyway, right?
In a way, this is also diversifying a little.
well put
🤜🤛
I went to an estate sale in an fancy area near me, they had over 100 shotguns amd riflesfor sale and the cheapest one was $7000, it really was something to see, tons of wild animal mounts, lions you name it
Would definitely switch from physical to allocated if I hit a certain mark but I am not on that trajectory to ever hit that.
I know a lot of people do that. 🤜🤛
I do. And by “enough” I personally mean what amount of wealth insurance as a percent of your overall portfolio you think is sufficient to protect it. For me, my goal has been 15% by (early) retirement. I shared that percentage target back in 2020. I’m at 10% and have three years to go. When I reach it, I’ll likely be more like you, 2 is 1, and only occasionally buy a piece here and there. Or dabble in a few numismatics for non-stacking fun. But for now, I’m stacking in tranches with each dip to reach my targets. Nice video, BTW! 👌🏼
Thanks, Yankee. Out of curiosity, does your 15% include both gold and silver?
@@2is1gold Yes! I should have clarified that. About 2/3 gold, 1/3 silver.
@@YankeeStacking 👍👍
Good question!!
👋
1 I definitely don’t have enough!!! 2 I have a couple krug’s I bought in the early 2000’s and lately I’ve considered selling them, but I’m finding them somewhat difficult to unload. Understand that any of the offers I got were far and above what I paid for them but the point is these offers are well below say any eagles I have. 3 when I bought the krugerrands they were considered highly liquid and I don’t really understand what has changed? My concerns are most of my small stack is eagles. Will my eagles be not so desirable in the future? This is a real concern for me. Any thoughts?
My plan will always be to buy precious metals to diversify my retirement savings. I have a 2014 Mustang GT and would like to get a newer Mustang Gt eventually but I have to wait until my mortgage is paid off next year.
🤜🤛
I feel like even if it got to the point of having bars I’d keep wanting to stack bars. So it honestly seems like the gold rush mindset never ends. Visual fixation of gold is goood for mental health 🤩
Hi I have a question about the capsules… should I keep my silver and gold in capsules without the black ring? Or is the black ring safe to use as well?
If anything, the black ring is safer. I just like seeing more of the coins. Cheers!
I will definitely stop as soon as I hit my stacking goals. Unfortunately I tend to set unachievable goals😁
Ha!
If prices keep dipping, how could you possibly have enough ☠️
Stacking is pretty simple. You stack gold/silver until you can’t believe what trading it will get you.
When you are stunned you can purchase a vacation, or a car, or a house with a small cache that didn’t cost you nearly as much…. You know your stacking paid off.
🤜🤛
Amazon link to that fancy wooden display case please?
Love that high relief tiger. John Wick's car is cool. You should get his gold coin. APMEX had them at one point :)
If you have 2 grand in the bank & 20 1oz eagles at home, YOU have too much gold. I keep growth steady at 20% gold, 20% fiat in hand, 20% fiat in the bank & 40% stocks/retirement. As soon as I can get back into real estate those % will change. I don’t include silver or Bitcoin in that rundown, it’s just gravy.
Yeah, good line in the sand.
Got banned from fb goldbugs marketplace gold sellers. Now I’ll have to find different options on buying my gold. Probably go to LCS moving forward 🔥
Why were you banned?
@@butchj6326 I offered a low bid on a bronco 1 oz gold coin. Seller was offended and banned me. Was over spot price but still. Some people are offended over anything
Once again I predicted $1800 per oz spot and it happened. We will see a dip during summer I bet for $1750 or so.
As long as I am gainfully employed, I will continue to add gold to my stack. Sometimes there are lulls in my buying when other opportunities arise (equities), and I’ll allocate that money into stocks. Gold coins have been sort of a hobby and I’ve ventured into other hobbies (watches) I’m more focused on. I’m still adding to my stack…just at a slower rate, due to what I already have. Have a great weekend sir 🍻
I enjoy stacking gold and silver. But I also love stacking ammo, and that has out performed my gold and silver! Gold and silver ain’t doing their job right now! I still think it will boomerang higher, but we never know.
100 oz is nice goal to keep me comfortable in my country through retirement (20 years?). I have no idea, if I will ever get so much. I am not young anymore, like the Mustang you metioned. At least I have a direction... better than not having direction :-)
Absolutely. Cheers!
My goal has always been enough physical assets to balance out physical liabilities. Ie. home, vehicles, etc. as those get paid down. Gold stack increases. There will be equilibrium at some point.
🤜🤛
I watch this because I once knew old guys who talked about gold, and because I once owned some gold, but sold it when the price had nearly tripled. I did not regret selling my gold as I had been watching gold, thinking about buying gold, wondering why the hell I was holding gold, etc. and it had become a living thing in a way, as it was in my custody and hopefully control, and keeping track of gold in general was part of that. Indeed, I had purchased rare, pre-33 st gaudens rated ms62 thru Ms 66. I paid a premium for the rarity and condition, but that premium never meant anything as the price of gold went far beyond what I paid, and I sold them for what they were then listed at which was essentially the spot price. Tip: they’re not as rare as I thought when I bought them. I have begun considering gold again, I as it does have allure for both left brain/right brain considerations, and, if the apocalypse comes and we’re down to shaving a sliver from a gold eagle to get a bag of ice from some guy in a truck, it will be good to have a little. Cheers.
Can’t hurt to have a bit - especially with your experience / knowledge of how easy it is to sell. Thanks for watching!
I sold them on eBay, in the late 90s, but have also sold krugerands to the local coin shop. It’s a bit of a hassle in good times, but may be a blessing in a bad time. You just don’t know, that’s one of the attractions.
The tank was full long ago. Ever since then it's been a store of value as currency debasement has run amok since '08.
Cheers!
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Im aiming for a certain goal, then i will reassess once obtained. perhaps other opportunities will make me divert into other assets. will have to take it as it comes.
I don’t know if I have an answer for “what is enough”.
I do know that I was a buyer on Friday tho!
Thanks for what you do.
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If I ever felt that my Gold Stack was suffient, I would complete my Silver Stacking. If I felt my Silver Stack was suffient, then I might look to Good & Silver Mining Stocks.
I gave up on the percentage conversation and decided to reduce my exposure to banks. Some cash is good, but why make the banks rich.
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I have a dollar amount in mind, but I know once I each that I'll wonder why I should even consider stopping.
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I have 46 Oz of gold my goal is to reach 50 and I think that’s a good amount for me, like any investment you want to be diversified and 50 Oz of gold just feels right for me
Keep it up
This is a tricky question and one that probably more than a few of us ask ourselves from time to time. For me, gold and silver bullion
buying isn't really a hobby although it does have some aspects of a hobby. Maybe this would be different for me if I was into buying
truly collectible coins rather than just common bullion. For me, it's all about the ounces, baby! I consider my silver stack to be
complete now, so am not buying any silver unless something really nice comes along at a good price... such as the 85 Morgans
I was able to pick up from a good friend last summer. That was a nice deal and the coins were just about AU or better, so I made
an exception for them. I'd do that again under similar conditions.
My gold stack is decent now but still smaller than I'd like. It too is all bullion coins, AGEs and CGMs. I have some 1/2 and 1/4 oz.
coins but the bulk of it is in 1-oz. coins of the same kind. Like to get about 30 more ozs. before calling my stack complete but
who knows if that will be possible given the weird things that are happening in the world these days. All I know for sure is that
even if I don't hit my goal with gold, I will still have more of it than maybe 98-99% of my fellow citizens. Come what may, this is
a terrific backstop for my stock investments / IRA.
Mostly I am stacking because of the potential for an economic collapse. One can abuse a system for only so long before there
are some serious consequences. Any number of the signs I watch on this are flashing yellow and a few are flashing red. The
national debt and the perpetual annual deficits do not bode well for a solid financial future and the threat of war with the Russians
and the Chinese looms over the economic issues. At age 72, I'm less concerned for myself than I am for my family, hence I prep
and stack for an uncertain future. Not that the future has even been certain but it seems especially fragile these days.
My wife and I are finally building our home and I'm getting my garage/workshop separate from our "regular" garage. Buying a lift to work on my 'o2 Mustang GT and '89 Mustang 4 cyl coupe that's getting a 5.3 LS swap and full suspension.
No more gold, silver, stocks or crypto for awhile. Time for the fun stuff! Plus the house is expensive as shit.
Ha! Congrats!
If there's never enough it becomes more of an obsession. While there are worse things to be obsessed about an obsession does cause you to make poor choices far more than a plan. I don't think that means you have to put a hard stop on buying when you reach a goal, but when I hit mine my approach will be more about buying what I like and not what I might need to use.
Also, I'd love a classic car, but I'll stick to my old beat up Honda.
Enjoying your book collection as well. Easton Press?
Yep, most of the books that show up in the videos are. Cheers!
Oddly, even though I say “all I need is an excuse”, I *do* believe one can have “ENOUGH” and that enough number is something I personally ascertain by “percent of holdings measured in a coherent currency” and I have a bit of a complicated spreadsheet to ascertain that “percent of holdings” figure because it’s not exactly denominated in USD because the SDR resides underneath the USD, so yeah, that’s how I know my own “enough point”. To keep it simple here and for explanation in USD terms, I think if on a percentage allocation basis, one has 50% in real estate / income producing land rights; 20% in a combination of art, bullion, collection pieces; 30% MAX of what I call “soft assets” meaning cash on a screen, bond digits and individual stocks or ETF etc basically values on a screen that buy you stuff and can be traded; and then from your “flowing income” if you consistently “only spend 50%” and put in the remaining 50% towards the 70% or the 30% bucket - whichever one is “down” relative to the other (so buy hard assets or soft assets…whatever is “on sale” because your percent allocation in that area dropped) and then you’re good. That’s “enough” 🙏🏼
How does it work if you sell your gold? Do you get cash back, a check or on your credit card? Is there a process for that and what businesses are recommendable?
Must feel nice to have that level of security! I think in a couple of years you could have millions in value as the dollar is devalued. Do you stack any silver or gold only? I've read silver could have a larger upside due to the silver/gold split right now being undervalued.
I've been out of silver for a few years based on the crazy premiums. I only have about 30 oz or so at this point. Cheers!
If you are able to buy 1 ounce gold every month, don't stop because you never know if one day you will be unable to buy, when I went to due a purchase on an American gold eagle 1 ounce, an old man he mentioned that he can only afford silver and after a while he saved enough and sell the silver to purchase 1 ounce gold, and he wanted me to show him my 1 ounce gold coin American eagle, he was very happy to see the gold coin, moral of the story, don't stop buying gold coins if you are able to purchase frequently just continue, it's a good habit to save in gold
even if you buy fractional like half 1/4, 1/10, you should still be able to get your premiums back when time comes to sell. plus if gold moons you have smaller denominations to work with.
I stacked 20% of my IRA value, now am paying off the mortgage. When it's paid off, maybe stack more. My goal is to have 10-15% above the value of the IRA stacked at retirement.
Best Gold channel on youtube.
Hey, thank you!!
Gold is money
Green paper is just paper
Numbers in a bank account are just numbers
You can never have enough gold 🍻
That's right..
I will continue to buy gold until I can no longer afford to. At the beginning of this year I started buying fractional gold in 1/10ths and 1/4 ounces, so far I have been able to get a total of 4 ounces of the fractional along with the 15 one ounces. Not to bad considering I only started stacking silver and gold in February of last year.
Its a collection that also is a store of value. I will convert it into real estate when/if the right deal comes along. I like AMG Mercedes, so I may need a building to store my non-AMG winter vehicles when it not the salt-months. As long as you have an emergency fund for getting through hard times, I dont know why you couldn't stack to the rafters if you enjoy the hobby.
Seems like that extra building only invites trouble! 😄
One could say that a gold and / or silver stack IS an emergency fund. 🙂
Everyone is different but 50-100oz’s is enough for me, along with “enough” silver, ~5k oz’s.
Allows me to work towards other goals like increasing mining share counts and real estate investments. Wee bit of DCA’ing into BTC.
A classic mustang would be cool too. Loved my Fox-Body 5.0’s
Cheers
All makes sense to me. Cheers!
"Is there a point when you don't need to keep buying (gold)…?" As for me, I stopped with only one 1/10-ounce American Gold Eagle coin for its practical use that I purchased when gold was under $450 an ounce. I had it made into a decorative tie tack enclosed in a brass bezel; and I use it whenever I wear neckties. 👌 😉
Most people cannot afford to buy gold. There is a rumor going around on CZcams being spread by some CZcamsrs that 70% of people in the US don't even have 1000 dollars in the bank. You are doing well. If you want to take a break from buying gold so you can reward yourself than you should do this.
Yeah, totally understand. I think what got me on the topic is all the chatter of never slowing down. At some point that makes less sense to me, and I had a few conversations recently with people saying they’d never stop. One of them was way ahead of me already. To me, it’s more about the pace than the total amount, but once you hit a logical goal, I think it’s time to shift gears. Cheers!
The standard answer is, you can never have enough. The caveat is it depends on your income. Your income is obviously much more than the average person. The average person could not afford your layout in nearly a lifetime of saving and buying.
It's all a balance game. Everyone needs cash, 6 months of expenses. Everyone needs savings/retirement/investments. Balance. I think a fair portion of people buying metals, are doing so more for the mentality of collecting "stuff". That little corner of our brain that screams we have a dollar in our pocket, we NEED to buy something. At least with metals it will ALWAYS be worth something at any given point. Not so much with the room full of NASCAR collectable crap many people "invest" into (or whatever someone fools themselves into "investing" into for a hobby).
I still invest in some crypto, stocks, SEP and traditional investments, but I spend more heavily in metals. I doubt I will have to worry about metals tanking to the point my money is just gone, unlike with stocks I have invested into. But sometimes it's not hard to buy too much metals and tie your money up. There is something to be said of free flow, liquid cash, to jump on opportunities. Even though metals care convertible, it's more trouble then writing a check or paying cash. There is also no guarantee what price you will get until the day you liquidate it.
I would not stop collecting gold for the meantime, but I would definitely not put all my savings into gold. I buy original artwork, automatic watches, gold and silver and crypto. Hope that helps. Also, I have a maple and some Queens beast coins and sovereigns.
It has always been a long-term hedge for me. But, it's impossible to do it for any length of time and it not to become something of a passion and/or a hobby. As you do it more, you get more knowledgeable. you realize you know as much as many others - and that's okay. For me, it's been important to have a target Both as a goal, but also as a "speed bump" to slow down and take stock. It turned-out to be extremely helpful/important during this run-up. Of course, a little more will be fine :)