14 Years of Buying Gold and Silver - Here's What I've Learned 

BRICS seeks to create a new currency, considering gold's historical role as a store of value and medium of exchange. However, the functionality and acceptance of a gold-backed currency in the current global financial system are uncertain. Creating a new currency requires careful consideration of economic, political, and logistical factors.

I bought my first metal last week, a 1 oz Britannia coin! I am 35. I didn't know about gold & silver until recently. Your channel informed me well. I will buy one more 1 oz gold coin this year. It's just glorified savings, that's all.

I don’t buy metals for investment. I don’t buy metals for profit. I buy metals for insurance. Since 1992.

I have always viewed gold and silver as a savings not an investment. Every time I make a purchase I think of it as moving my savings from cash to precious metals and never feel bad or think I made a bad choice in doing so

I needed to sell silver in the past due to an unexpected emergency. I basically broke even, so investment wise, I didn't really profit, but I still had a fallback. The money that I had originally spent would have likely gone to something else that wouldn't have retained value, if it were even still existing. Silver saved me.

I have never felt bad after purchasing gold or silver. The one thing I will say- never go “all in” on metals or let emotion take hold. Make it a long term thing and always have at least 6 months of cash for emergency expenses. Makes it much less stressful and more fun to stack.

I started investing in gold and silver because as you said to have an asset outside the banking system. I didn't do it to make money, I do it to save money that I hold and control.

I never viewed metals as an investment, but I always saw it as a great way to save your cash & retain the value from when you bought it. It’s not hard to turn it to liquid cash, and it beats letting inflation destroy your savings.

An important point to remember is that money spent on this is not wasted money. The fun of stacking keeps a lot of people from spending that money on other stuff like drinking which is a black hole your throwing money into

38 years this year in metals. I dont regret a thing. Never lost a dime. Always come out ahead. And i have fun doing it.

Well said. Its a hobby investment that can pay for itself and there are other hobbies that are alot worse than buying gold or silver coins. Like anything else, enjoy it and pass it unto your loved ones.

Been purchasing for 5 years and I'm relatively young. I don't think of it was investments, more of a physical hedge. Have about 10k in gold and silver, and compared to the cost I bought at it's appreciated more than I expected.

I started buying gold and silver one year ago. My first purchase was a Silver Eagle and 1 gram Pamp Swiss bar. I now have over 11 oz of gold and 40 oz of silver. I just ordered 2 more Silver Eagles today, keep my stack growing!

Got in at $1350 gold and $15 silver. It's been 4 years. Purchase power, major emergencies and universal value are my reasons for owning.

Spoke with a bullion dealer and he said when 2011 boomed with silver, it did not matter if it was an eagle or generic. Dealers paid about the same-they just wanted silver whatever it was.

You're one of the most sensible content providers on the subject of precious metals, in my opinion. I think that is an important stance to take, especially right now as new and influential "investors" enter the arena. We have enough pumpers, it's good to have a voice of reason. 👍🏻

For me, my silver investment is 10% of my total investment. Passive investing’s goal is to build wealth gradually. Also known as a buy-and-hold strategy, passive investing means buying an asset to own it long-term. In 2003 silver was $5 and in 2023 it is $22.

After a horrendous 2022, shell-stunned financial backers have misfortunes to recover and a lot to consider, as an expansion report and a pile of different information did close to nothing to change assumptions that the Central bank would probably keep climbing intrest rates regardless of whether the economy dials back, And that implies more red ink for portfolios for the principal quarter of year 2023. How might I benefit from the ongoing unstable market, I'm currently at a junction choosing if to exchange my $250k security/stock portfolio.

Just started about six weeks ago. I've got 3x 1oz silver coins and 1x quarter sovereign. On a low budget but at the moment just buying when I can. Loving it.....

I just absolutely love that your channel is so realistic about expectations on metals. So many people just either rag on metals as pointless or rave about them as the solution to every problem.

Completely new here, been on the fence vacillating between starting, and researching. Based on the video, and the comments is highly apparent that making this move or transfer of our “dollars“ (unit of measurement) to a physical metal makes sense. Huge thank you to you and the folks that have been commenting here. I know what I Gotta do now.

Gold is a pretty cool and sexy savings account. I bought a stack of 8 one ounce coins back in 2014 to stuff into my existing coin collection. In 2018 I was in bad financial shape. Sold those panda and maple leaf coins when I was in a real bind. I can't tell you how good it felt to have that safety net to fall back on. It really helped.

Your comments sound like a conversation I had at my LCS recently. I don’t ever feel like I have to buy, or I need to buy. But I can’t shake the idea that I would like to have a little more.

The way you tackle this issue is phenomenal! Kudos for not adding fuel to the "Hype Train" Fire.

Finally someone that is truthful and understanding about this. Props to you brother. I always have a hard time telling people why I buy gold. Hard to explain. You did a fantastic job!

Started in 1972 bought gold at I think it was $45.00 a ounce and silver at $ 1.75 it's been so long ago... I remember Nixon announced in the summer of 71 we were going off the gold standard... The crook said it was temporary... Like the song said I have a bad feeling about what he did. I talk to the old timers they said buy some gold for insurance I did over the years it help me for two divorces...and college for my daughter, I have mostly silver now what leftover 2.000 ounces silver I can ride this out... Tricky Dick started this mess we have monopoly fiat currency now.

My savings account gets 0.5% interest and that's as good as I've been able to find. With inflation hitting 5%+ this year I'll gladly take a flier on metals. I'm thinking of it as a more fun and interesting savings method. There's something about holding a coin in your hand that's more comforting compared to seeing digits on a computer screen.

I started late but I have been stacking for 3 years I have 8 ounces gold and 4 kilo silver so I think I am doing ok for 65 year old

The price of gold, for me, is what the price of money is. Gold always leads IMHO. What's weird is explaining it is rather difficult, yet it makes complete sense. It's not an investment in the traditional sense, but because of that, it paradoxically is because of it's hedging ability, etc. I look at gold as savings, at the very least. Rather than holding savings in cash, I hold in gold (and silver).

I agree with you 100%. You Sir, are a very realistic well-rounded Individual. Excellent topic. Please continue!

Just found your channel with this video. I haven’t even finished it yet, but I feel confident saying that this is the most sensible, realistic take on precious metals that I’ve seen to date. Literally every other channel I’ve found, in over a year, is emotion/fear/apocalypse-based. Of course there’s a place for metals. I like metals. But they don’t serve the same purpose as either growth or income investments. However, they DO offer better potential for growth than cash sitting in savings, which, as we know, earns far, far less than the rate of inflation.

Greetings from Poland. In the 2nd week of March, gold came near ATH value in USD. But since we have war in neighboring Ukraine, gold price in our local Polish currency was reaching a new ATH every few days! Recent days it has dropped a little, but still it is about 1/7 above the previous ATH from 2020. So the closer to war area, the more shines the gold.

100% - glad I found this channel - you think about this exactly like I do and our story is pretty much the same (I started in 2009) - my stack is 75/25 silver/Gold - mostly Canadian maples but have about 90 oz of junk silver too. I do see metals as a bit of insurance but my plans is to liquidate 1/5 of my stack each your in my first 5 years of retirement for holidays. Depending on the price, it could be a trip to the lake or a luxury cruise but I know I will have 5 nice holidays from 60-65yrs of age. My wife does not even know I have the 6 digit (in todays value) of bullion savings. I have only used my employment expense refunds ( I travel a lot) to buy metals and got a few gold maples from my dad when he passed.... Thanks for the great video

I only think of it in terms of not losing all of my money. I’m actually hoping that I don’t see much of a return on my purchases, because it’s likely that things haven’t collapsed. If we find ourselves getting a huge return, things have gotten bad all around us.

After many hype channels I've watched, this is a very level headed, down to earth view on stacking precious metals.

Told my wife our precious metals are also there to cover the property taxes if the worst were to happen. We’re debt free so having that backup is peace of mind just in case. Once she heard that she’s been hooked on surfing the metal sites with me. She’s always excited when she sees a fair premium.

To be successful in markets, traders should understand the crossover between asset classes & liquidity flow. Mrs Julia David focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch.

As far as I’m concerned, my collection is the only vice I have that I don’t feel bad about. Was it worth it? I say yes, no regrets-

Ive been very curious about getting into purchasing metals as like you said, an investment or saving or an asset - All of the Above. Your video certainly gave me some good insight and gave me some clarity. I feel a lot more confident in moving forward with getting my hand in the cookie jar of metals. Thanks a ton.

I look at it as the only thing Goldman Sachs can not steal from me.

Super interesting. Thank you.

I bought my first quarter ounce philharmonic when it was only 55 bucks. Man do I miss those days. I'm 52 now. Bought my first silver one ounce round when silver was 4 bucks an ounce. Those were the days!!

I really appreciate your down to earth approach to owning precious metals.

Gold and silver preserve wealth, but they don't build it long-term. Gold is best suited for people that already have wealth, and want to preserve their capital in relation to fiat currency. Gold has a 0% ROI when adjusted for M2 over 52 years!

Brand new to it,.. as of about a month ago. In my early 40's and looking to jump in on something that I feel very behind on. I appreciate the long view perspective. It's so different now with social media as well and the community of metals enthusiasts that has really taken off.

I have around 5kg of silver, 20g gold, 1kg copper and currently saving for palladium. I don’t ever plan on making money, it’s more of an insurance policy and pretty nice to look at.

Very interesting background, thanks for sharing. I have been at it for a few more years than you and have been following a very similar path give or take. Zero regrets with any of my metal history!

The way I look at it is i didn’t go and spend it on alcohol or some other useless object from a shop, I purchased shiny and therefore saved my money. I love it.

The best time to buy silver and gold is when it is not being hyped/talked about. I am a numismatist (coin collector) and enjoy collecting (type coins and classic commemoratives). Gold: I recommend British Sovereigns (about 1/4 ounce, low premiums, and a beautiful coin. The British Secret Service would sew them into their belts to be used in emergencies since gold is recognized world wide). Buy from a reputable coin dealer (Abbott’s Coins here in metro-Detroit is great).

Thank you for this video. I watched it some months ago and I have been thinking about it planning to come back to comment. So here is my two cents : Investment is what we decide is one e.g this can be our kids education (if we decide to have them it obviously carries an obligation) this can be time for ourselves (not much point being just another cardiac statistic) or having a hobby which might as well be some reasonable but affordable gold coin collections. Using the title as a guide I looked up historical prices for gold over various 14 year periods and read a number of comments by viewers with two in particular standing out . One stating that they buy and forget while another was asking you to estimate how much growth could be expected over time. In my opinion both comments were valuable in their own right The first was good advice because in order for wealth growth to occur it is absolutely essential to have no emotional attachment and by doing this with gold coin collecting the pleasure remains with having a growing and interesting collection. This can actually be a a lot less risky pastime than many others I can think of. The second comment also complements the first and I will try to explain how. Gold value is, for good or bad, is measured against the USA dollar and historical prices dating back over 200 years can easily be found online. The fourteen year period which saw a massive price increase is mid 60,s to very early 80's which a saw the price per ounce grow twenty fold. The biggest reasons for this are two. That period in time witnessed massive inflation and the USD stopped using the Gold standard. To keep this easy to understand it is best to bear on mind that the period of massive inflation meant that USD (a strong currency) purchased an awful lot less every month meaning more and more were needed to buy items except for electronics which have their own specific price economics. The other apparent exceptions to the rule were food, clothing and labour. These three did rose but not as much , why? Ass production of clothing , changes in food supply chain coupled with lowering of standards as well as increased importing from poorer third world countries.vAt the same time labour in the USA soon to be followed by most of the west did not increase as fast as other prices. This was because of increase efficiencies but also because unions were made more powerless and increased participation in labour force by married women. So many household switched from one income to two incomes. People did not generally notice at first that the premium paid for their labour actually reduced but nowadays it is quite clear as a double income has also been eroded. One last thing to note is that the USD seemed to not lose as much as it could have , the answer is simple, interest rates were very high during hyper inflation and we can see the start of this now. However please bear mind that the punt of USD nd other strong currencies are extreme multiples of what they were over the last fifty years. Of course this could be analysed more but it is better to keep it understandable. There are numerous experts who obfuscate facts. The best way is to not use a currency as the measurement of Golda value. It sply does not work like that. Happy collecting everyone and I hope this is of some help. 🙂🙋

Appreciate the vid and insights. I recently just started investing in physical gold/silver, and I too made the decision to only buy American eagles. Glad to see that was a wise decision from your experience.

I started last year because of you. I have 3 1/10 gold coins. I am a single mother and want to leave savings in precious metal for my child

I have never looked at buying gold and silver in the same way as I would when buying anything else out there, but instead as a reallocation of my savings; instead of having digital dollar amounts in my bank, I keep a percentage of that cashflow in silver and gold. My hope is of never actually having to use it but instead continue to grow it and, when the day comes for me to move on to heaven, leave it behind for my kids, but if at any point before that and for whatever reason it becomes necessary, I have these real assets to fall back on. I started later in life (late 40's) but I have been consistent over the last two years in buying gold and silver on a monthly basis and plan to continue to do so till the day I die.

Personal experiences are the most valuable. Thank you.

It was good to buy gold approx. 10 years ago when it was approximately 1/10th of today's price. But like always once something (prescious metals, stocks, houses,...) have risen alot then the media and everyone gets excited. But typically it is too late for astute buyers. Gold for example has out performed the stock market as a whole over the past approx. 10 - 14 years.

Well, banks are collapsing now as of yesterday. For those who've been buying metals over the years, including myself, nobody's going to call you foolish now. It's not an investment per se, but you'll get to keep what many others may soon lose. Your net worth.

I love it, reasonable and sane presentation with good solid advise. Thank you.

I like the mindset of having gold. I feel rich because gold makes me feel royal. Having a mindset like that brings about more positive experiences. You think and act poor, Well you might become it.

Buying metals is a mindset that a lot of people choose not to take. Someone that gets distracted by the latest things on the market thru advertisements. People want it now not thru time. Probably the reason some have problems saving money in general. Pressure to do the same things as others and own the same things. Even though they have two different incomes. Slow and easy making every step count won't let anyone miss out.....

there are multiple reasons why I have bought gold and silver coins, basically cos its cool to own it, its a good store of value that isnt in the bank and I a good long term investment that you can be glad to look back on

When stacking becomes a hobby it’s a great investment. Compared to other things that cost and lose you money that makes it a lot more of a high roi activity than most other things and this is something rarely considered.

This is one of those areas I've never had the spare cash to get into. It's hard to buy even silver when you are struggling to pay bills.

I’d never buy metals Over stocks and real estate, ever. However, this was extremely interesting and I learned someone else’s point of view. Good luck all

I would rather buy gold and silver to save money rather then putting my money in the bank and risk losing all your money and anytime you want to take a large amount of money out of the bank they basically don’t want to give you it and ask a load of questions in why your taking that money out

I’m glad you continue to educate with a “Sane and Reasonable“ approach to 😂Investing 😂 (oops) in precious metals! I first started my journey in 2000 and luckily started with a dealer that encouraged regimented purchases on available Funds after the food, clothes, housing, IRA/401K, etc…………..purchase over time and cost averaging rather than trying to time the big swings! Oh Yes; There’s Something About Holding Gold in Your Hand 🖐…………….lol, now I regress😳😂 Thanks Again for your channel and I look forward to more of your commentary!

I buy precious metals at 2nd hand stores. Once I have a sufficient amount, I send it off to a big refiner, have it converted to 24K and take back casting grain (my refiner charges $6 over spot for grain). I then stash it in my bank box for a 'rainy day'. I don't like keeping silver as it's too bulky. Tuesday, I got 905 grams of sterling at a 2nd hand store for about $50. I'll have it converted to 24K soon enough.

I agree with everything your saying. For me investment in gold is definitely a long term investment. So I'm investing in gold for the future of my daughter. Its pretty much a banker for a 20 year goal..

The way you broke down what the word investment means to you is the right way to think. I "invest" in watches also. Many collectors always mention its not an investment if you never sell it. I might not. I may want my kids to have them or have it to lean on in hard times. Either way. Gotta buy smart to make it worth the while, and that's the fun part

Cost-averaging seems like a good way to go. Just like other investments. I just allocate a certain percentage of my monthly income towards this and I can save up for the tubes or gold coins that way.

I started buy proof sovereigns and other UK coins a few years ago. Not really thinking on the near term but rather a decent tax free long term way of saving money for my daughter. Hopefully when she turns 18 theyll be a good amount there

Thanks for your insight, it's very much appreciated. I'm new to the "investment" world so I'm still exploring options (gold, stocks, bonds and real-estate). Unfortunately for me, it took an economic crisis to start thinking about "investments". I hope anyone seeing this will start thinking and researching ASAP.

I'm nearly 50, been investing in physical gold and silver since my 20's. Let me give you some advice on silver. Buy at auctions. Buy as much silver (prefably Stirling grade - .925 or above) as you can afford once a month. I usually come away with no less than 2-3 KG each time. The reason I prefer aquiring silver this way is the striking premium is killing at least 20% of your investment on each silver coin you buy - everytime! Then you have VAT. Granted you still have VAT and auction fee's but when buying at auction but it evens itself way quicker. Price wise I generally aim to pick up 1Toz of .925 for around £12-15 which is well below spot price. Second, learn how to refine your own silver. Scrap silver is bulky and you'll soon run out of storage space. Learn to melt it down into more managable sized ingots, it's fun, you can get pretty creative, and most imporantly is easier to store than grandma's bulky old silver service set! Good luck my fellow silver stackers.

Gold and silver aren’t just a store of wealth and a hedge against inflation - they are a store of energy. As unconventional Oil peaks over the next decade just as conventional oil did in 2005 this will become more and more relevant.

I have been looking at it recently, the added benefit of it in the UK is that if you buy only gold/silver/platinum coins then you are exempt from capital gains tax.

Good video! I started buying gold and silver back in 2004. Of course the price has increased for both, but there have been some violet swings and then just flat the past few years. All in all the value has increased. I think the younger you are buy some like a few ounces each year. I think the way things are going and have gone over the years with inflation, we could see double the price for both gold and silver over another decade or two. Gold and silver is not a get rich vehicle. You could do better in traditional stocks and mutual funds, and even crypto. My advice and not rocket science, buy some gold, silver, stocks, mutual funds, crypto, and real estate. Don't put all your eggs in one basket. Diversify! You could even invest in quality products like furniture (real wood), tools (made in usa), guns, ammo....anything of value and quality! A little here and a little there! Then when you are older and of retirement age, you will have amassed a wealth of tangible assets that you can sell or trade or pass on to family!

Awesome video, I appreciate you showing your Metals slowly, their beautiful.

I like coins and look at precious metals as a hobby that has the potential to at least get my money back. If you're patient and smart on both buying and selling you can almost always make your money back if not more Nothing quite like buying an eagle for $1200, selling for $1700 down the road, and getting a few free years of having it in the collection

The best intro to the topic, to the channel I've seen. Easy description of personal and objective views.

It is not bad to have precious metals just for diversification reasons. Despite what is said precious metals don´t really help you in time of crisis. Also when stocks drop gold drops as well. But it still makes sense to have let´s say 1%-10% in precious metals in your portfolio.

Gold and silver helped introduce me to investing. I bought 26 Oz gold and 1,000 Oz silver, all physical. After that, I got into stocks. In 5 yrs I've amassed $80k, and only wish I'd started sooner (but I was a heroin addict and crackhead for 15 yrs so, I'm just thankful for where I'm at at 39 yrs old). Keep $6000 cash which I'm about to use for a 6-step treasury bill ladder, 26 week bills on a 4 week frequency.

I'm 24 and just purchased my first round of precious metals from APMEX. A little under 400 dollars and I got a little bit of everything: Gold, Silver, Platinum, and Palladium. I definitely want to diversify my investments with some precious metals but will also focus on funding other things such as my 401k, Roth IRA, and emergency savings. I thought this video was super informative!!! I also just think owing actual gold is cool, lol.

Very good points on the appropriate approach to precious metals 👍

It is an investment, even “if” you loose money, it’s still an investment, just a bad one. This is one of the only issues I have with our community. Everyone wants to watch a video and can’t wait to try to correct someone…🤦‍♂️. Even if you only purchase metals for saving/security then you’ve invested in securing your future. I tend to agree with you, if own it, call it what you want..😉

Ive been stacking & collecting for 15-20 years.... it certainly isn't my "best" performing asset... but I just love the hobby-discipline. I'm highly diversified... (stocks real estate, contemporary art, gold & silver, coins & medals, antiques) iMy profession is the contemporary art world... which is my BEST performing asset by far They say "deal in what you now best".... so art is my world But when ever I make a significant sale... I put a certain percentage into gold & silver. I just love the artwork symbology & history. I've never sold anything yet... I'm 65 & I figure I'll sell my collection when I am old slowing down & or retired. who knows when that will be & what the silver & gold mark is like then We are in ERY strange times

I’m 15 and own a 10oz silver bar and 5 gram gold bar. I’m going to probably pull the trigger on a 1/10oz gold coin. I like having these metals because even though I am “spending” my money it’s not like the metals aren’t going to be close to what I payed for them. If I was to instead buy an Xbox for example and then later on sell it I would get way less then what I payed for it. Having these metals is just a cool way of saving that makes me want to save even more because I don’t want to liquidate these metals into cash.

nice collection..whilst I have not quite got the returns from my stack that I had hoped ..my stack is money I would had otherwise spent...so for 10 years I have saved...All good...

coming here for some more info before i commit to buying my first gold oz!

I like seeing people in the comments who realize that cash is not king, gold is not king, silver is not king, real estate is not king, stocks, bonds, and other equities are not king. DIVERSIFICATION is king. No single asset class can do everything you might need it to do. Want to grow your wealth? Buy stocks/bonds/real estate, etc. Want to protect your wealth? Buy assets that are less correlated to growth investments, i.e. precious metals, fine art, etc. (although, when the economy crashes, everything goes to a correlation of 1). You want assets that will keep you alive when SHTF? Buy seeds, bullets and water filters. You don't buy a hammer and assume you can fix everything in your house with it. So why would you only buy a single asset class and assume it can meet all of your investment needs? Great video, and great explanation of concepts I see a lot of people flat out get wrong about investing.

yea don't see a moon shot ,I rode Gold up to 2k bought in around 1K a ounce .Then watched it fall down to $ 1200 got out of Gold bought real estate that worked out well .Now all these years later I am looking at Gold again BUT having to pay so much over spot is a bitter pill that I am not sure I can swallow .

Couple years and I got my thousand ounces of silver I got about 10 oz of gold and im focused on the gold these days. I'm feeling good, lots of fun, I know I'm saving money and still wouldn't be blowing it on BS, plus it's been going up so I'm happy for all of the above no regrets

When hypersonic inflation starts, people will buying anything to try and retain wealth. At this time, stackers will wish they had went all in at $1950. I said the same thing at $1800, and then $1900, and yes, I wish I had bought a lot more at $1800.

You've been very wise with your "investments" and hedge! Congratulations sir.

Gold or silver for that matter will never be worth zero. Understanding this is key to how one allocates his or her fiat. There's truly no risk in trading fiat for either but the way to approach it is getting the most bang for the fiat buck. It may take a bit longer to acquire gold but the margin is in one's favor. One thing to remind ourselves is the words of that often derided snob, JP Morgan - Gold is money everything else is credit (debt). Gold spot is at $1965.60 and silver is at $25.87 as this is typed. Both will only move north over long term and outpace inflation and that's a win-win for defending one's earnings from devaluation.

I just started collecting. To me "investment" is gambling on something hypothetical and intangible where something like collecting precious metals feels like physical proof of what you have saved. Tbh as a collector of things I just find it more fun. Something you can pick up and look at.

I think of them as just a more secure store of value than paper money which suffers inflation.

There are times, during a turning cycle when both gold and silver present as a very good investment , such times are when global volatility abounds, social unrest abounds, inflation abounds, wars abound ……. Look around you, what do you see !

I am very interested in technical analysis, I do think it does work . What I am seeing in the charts are big corrections down for both gold and silver, after that the only way will be up, with both gold and silver well past new highs.

Thank you for all of your information your my favourite precious metals creator. Knowledgeable and keep it simple!

The wife and I started buying silver Christmas rounds years ago as stocking stuffers for kids, nephews/nieces and family. Along the way I’d occasionally find an interesting round I just had to have. Last week I found a Republic of Armenia 1oz silver round and bought it! I don’t have a lot of silver and gold, but it’s fun looking for the unusual designs.

Gold against other currencies such as Euro, Yen is where the action has been. Gold has returned 200% in those currencies since 2008. While against USD its only up 120% Recent US dollar strengthening has kept a lid on gold priced in dollar, But valued in other currencies it has exceeded Inflation, protected against geopolitical risk and has been a really productive asset.