When we were buying our house the bank asked what assets we had. I listed my gold and silver among other assets. The bank would not recognize the metals as an asset. They would only recognize it if I sold and turned it to cash. Great video. It reminded me of this.
Yeah, theoretically now that gold has been deemed a tier one asset, it’s supposed to be recognized, but I haven’t experienced that yet. The other consideration is that underwriters hate “unexplained” cash deposits leading up to purchases. Sudden cash inflows don’t fit into their matrix. 🤓
@@2is1gold yeah. It’s a pain for them. On another note with regards to insurance I wanted our PMs to be covered. They only cover jewelry and would not add the PMs to our coverage. But as you said, now being a tier 1 asset maybe this changed? But maybe not in Canada…
Bingo.... what does this tell us when banks don’t recognize Silver and Gold as an asset and financial planners frown upon owning it??? This tells me a lot.
@@jaffacalling53 you could fake it by buying yourself a special coin every time you buy some 10 or however many stocks of a certain company as a physical representation of how much of that stock you own with the added benefit of having the precious metals as well Edit; imagine I used commas
I buy precious metals as part of my retirement savings. It’s a lot more fun to look at gold, silver, and even palladium, than it is to look at a quarterly statement from my 401k.
i done the same from a sale of a property.it is a long time deposit and i am happy with my decision.i do take some out when the price is high and go back in on the dips.for me it is so much better than having the banksters using it.....great channel by the way
I pay into a bank just enough to cover the bills and the rest I've been either banking at home or buying the odd bit of gold every now and then. Banks are there to earn profit from your cash and not the other way around. You'll make more by BYOB.
Thanks man this is a great video. After many weeks of stress, planning and talking to myself, i have finally got the confidence to ask myself for a loan.
@@thereignofthezero225 It's not racist, it's a beautiful coin. The native American on the coin looks dignified and noble. I wish the mint also made a replica of the St. Gaudens double eagle bullion coin, so we could have 2 beautiful coin choices.
I like storing some wealth in gold too. I don’t like the Eagles, but love the Buffalos 🤩 That said, here in Europe Krugerrand, Maples and Philharmonics are the way to go, in case you need to liquidate… not bad choices either 🙌
They are obviously known well in mainland Europe, but certainly not in the top 3. The advice I got here from the largest dealers in Switzerland is to even get into American Eagles before getting into Britannia’s. That said, I have one Britannia, just because I love their new design 🤩 I would say even the Kangaroo comes before the Britannia. In the UK, it is probably different…
This was one of your best videos yet, I went all in on the United States mint proof set, happy with it, bought it off somebody who dumped it for $5,500 because they needed money and also picked up two 1/2 oz type 2 eagles and type 1 eagles gold of course, you really got me on the road to buying gold again, your videos are so alluring. Keep them coming, keep stacking!!
@@2is1gold yeah man!! Oh and I picked up a 1/2 oz 2018 Mexican Gold Libertad, not overly impressed with it because it doesn't really pop like the Britannia does, but it is nice
This is why you must plan on holding for at least 10 years if you break into metals. Anything less than that in my opinion is just too risky. As for my LCS, they will buy anything that someone brings them. Including roosters. I know this because I bought a rooster 30 minutes after they bought it. The LCS paid the seller spot and I paid my LCS spot plus $10. Great video bud.
I have five local coin shops within quick driving distance (in the three different cities I spend time). Two will happily buy Roosters today. The other three will buy them, but you won't like the price. One is 90% of spot and then sells them for spot. The others will give, "bring them in and I'll take a look". 😂 Basically, all of them will buy when they A. don't have any in inventory, and B. think they'll sell them relatively quickly. Right now all gold sells. In a slow time like 2014 was, it was a completely different story. Ten years is good planning. Two years is a total gamble, but he was buying after a huge sell off. 🤘
I'm looking for the cheapest government backed bullion coins I can find until the premiums narrow a bit. Maybe Britannias or Maples. Both are astoundingly awesome. 😎
Love those little eaglets! Have quite a few myself. I like that the premium is recouped when if/when selling (retail) and more people can afford them (hence a large market).
Such an expansive topic. Many good and salient points. When talking about this topic, it's difficult to cover everything, but you do a great job. You'll fill that tube of Buffs in no time. I have a base of Buffalos and Maples, Maples are just popular outside the U.S.
Gold is a tool: Use it best you can. Don't get emotional over it. If there are better tools for the specific job you have in mind, use those tools instead. Growing wealth? Securing wealth you already have? Looking for assets that have a high probability of increasing in value? There are lots of options out there. Think critically, logically and leave the emotions behind. But dayum! I need me some of those bison !! I love 'em ;-)
Some good stories! Wow, 2 years, not sure I could pull the trigger on something like that. For me it is the long haul! Saving in metals is much more fun!
I used stocks to buy land back in 2018 and it has proven to be a much better return on my money. I’ve only recently looked at gold due to the falling buying power of the dollar. I’m a few oz in since the beginning of august and have stuck with eagles until I become more informed. First 1/4s, than 1/2s, and I just purchased my first 1oz coin today. Just wanted to let you know how much I’ve enjoyed your channel and the advice is much appreciated. Keep up the great work and thanks!
Only issue I have with buying 1 oz gold, is if you need to use for purchasing, maybe groceries, tank of gas or something like that, you’re spending something that you won’t get change on. Gold in bartering would be better in fractional like 1/20 or 1/10.
Oh no! Another Rooster side story lol. I like the idea of grilling the LCS re: the Roosters! Grill that guy! I don’t know much about vaults, but I suppose it might makes sense in certain circumstances. Now, back to the desert I go! Good to see you (via video) during my brief stint back in town.
If I was going to invest in gold and silver for just 2 years, I’d probably go with GDX and SLVP. No premiums, no storage fees, and a dividend or two! Buying silver in a vault with no intent of taking delivery seems like a really expensive way of investing in precious metals and really stacks (pun intended) the odds of beating inflation against the investor thanks to the storage fees and premiums. What do you think of unallocated options like those offered by the Perth Mint? Personally, if I’m buying gold and silver for inflation or wealth protection, I buy the bullion and hold it myself. If I’m investing, I’m buying the gold and silver miner ETFs, not the manipulated paper gold/silver ETFs.
I’m at either extreme. I like physical, whether in my possession or in a vault with allocated storage OR semi-allocated ETFs for ease. In his case, I think there was a lease option he employed to bring down storage fees (meaning, he leased it to producers that needed to show reserve holdings). Cheers!
Buffalo coins are definitely beautiful and the **only** American coin I have. If you’re looking for another design for your next goal, I say go Brittania! Although, for myself I love the philharmonic coins because I love music and Austrian Economics and the Sound of music movie lol but I have heard you mention on one of your earlier videos that you dislike philharmonics, and so I’m not suggesting it for you ☺️
I love CMLs. I'm not sure I'd grab more than 10, but they're an option to me. Britannias are probably next in line. The 2021 security features put them in a new light.
Thanks for sharing the story. I agree that the 2-year time horizon seems short for an all-in approach, but glad it turned out well for your friend. I think you are all set with a Tube of Buffalos and Eagles! 🔥 Maybe Maples next? Those are fairly liquid and recognizable.
My LCS will pay cash up to $10,000 at any given time. Check above that. BUT, if you talk to them ahead of time, they will pay cash for more. Allegedly.
I’ve been stacking for 3 years now I’m up to 36 oz so far. Got a few hundred ounces of silver but I just don’t like silver as much 🤷♂️. I’m obsessed with gold lol
I totally agree about the backup idea. Or saving up your wealth, when you have issues spending cash. Now, I was looking into silver too, but noticed the premiums seem way higher than gold. That confused me. I would have thought it would be opposite… that you’d wanna charge higher premiums on a rarer metal. So odd eh?
Hi, 2. I would switch to a second tube of Buffalos. Why mess with a good thing? If I did decide to switch, I would seriously consider Platinum Eagles. I would switch from the Gold eagles and work on Buffalos and APEs. Diversity is a good thing. Pt. is undervalued in my opinion. Have a great day. *TYU*
Hi Donald, I should have bought a pile of Buffaloes when I started getting them, but my collector instincts said one of each year, which slowed me down. They have to be the best looking bullion gold available anywhere.
Thanks for the good story about your friend’s experience. With that 2 year window of opportunity I’m not sure that I would’ve done that myself. I would’ve definitely bought more gold if I were in that position. Almost there with the tube of Buffalos. Great to hear that. Hopefully when that’s filled you’ll start another one as well. The Buffalos and Eagles are pretty much going for the same price now so I would definitely keep stacking them. Just food for thought.
I think I need to get this tube filled to clear my head. I'll grab another Eagle as soon as I get past this first Buffalo tube. I think it's the smarter choice, but the security fumble is a little frustrating. I was hoping for a better (Type 2) coin. Cheers!
I've got about 6 toz of gold and 100 toz of silver from my wedding that'll make a nice down payment on some property when I'm ready to move back to Utah
Just had an lcs trying to sell me a philharmonic (which I asked for, along with other cheaper coins) for 30 euros and had the guts to try and tell me it was the price of silver. I'll ask in a while on the phone what they pay when they buy
Hey Xeph. That’s a moving target. I’ve never gotten less that 1% back except for the Roosters and friends. In 2014, online dealers didn’t buy back. More recently, there were simply a few good _other_ reasons to sell locally.
Depends what lcs you go to and if you've been doing business with them over the years. I did very well in liquidsting silver recently when silver fell to $28. Got 1 dollar over spot for my apmex bars and $2 over spot for my maples. Of course I had been buying ase's and morgans from him for the last couple years😎
I like the platinum family a lot, but I don’t think enough people think of them as monetary metals. So I haven’t bought any (except as jewelry for my wife).
I will give out one piece of financial advice to anyone. Diversify, don't keep all your money in one place or in one thing. I've gotten some pretty ugly comments when I have said similar things within the precious metals community before, though.
Your videos are excellent. I am new to stacking and I would like to ask you if you only had a couple of mutual funds and no gold or silver and have an extra 40k to invest. Where would you invest it?
Thank you! There are a lot of factors there. The younger I was, the more I’d devote to true investment vehicles like stocks (AAPL is still my favorite). The older I was, the more I’d direct to stable assets. Personally, at the moment, I’d put 10k into gold, 10k spread between BTC/ETH/ADA, 20k into equities. I’m no pro at investing, though. That’s mostly just to say I wouldn’t go all in in any one thing. Good luck!
I'm sure I've seen a few on the channel but I'd do a tube of Krugs when you're done on the buffalo. Out of my 1 ozers I do find a draw to the krug even over the maple or brits. Just waiting for a buffalo to come up at a good price locally as that's probably my favourite coin
Yeah, tough call. Another tube of Eagles or Buffalos is probably at the top of the list. Krugs and CMLs run into an additional reporting requirement at 25 oz.
Well, considering the current market bubble he's likely done VERY WELL with his total net worth. I suggest he do a refi at the low rate we have now and get some equity out before the real estate crash which is likely to happen soon. Then he can use that equity to invest in more metals. The time to invest in real estate is after the crash, which is likely to coincide with metals going up.
Thanks for the story, thanks for the channel mate. Can you tell me if you are in the situation like this today August 2021 . If same friend of you is sell his house and want to put the money in gold . He have a nice job good payment rate . He don't need the money right now , maybe when he is go retired .Want do you think ? Is it the right time to put all in or dollar cost averaging is a better plan ? Good bless you .
Well that is the reason for creating the insurance policy to begin with, you can be your own bank. Instead of going with Gold for your next tube...have you considered Platinum Eagles or Palladium?
If I had a friend and that friend asked me what to do with a large amount of money for a few years. I'd tell them to put 60% in the s&p 20% in gold and 20% in cash .
In his case, it wasn't the entire amount that went into metals, but it was most of it. I never got the whole story on why he didn't want to use an index. It would have done well and would have been a LTCG timeframe.
The pucker factor would be heavy throwing that much money into gold right now, I just feel unless some further uncertainty presents itself (housing market decline or such), once Covid takes a hike we will be on the decline again. Absolutely nothing to base this on, maybe I just want cheap(er) gold 🙂
As far as I am concerned there are not many things in life that are worth precious metals. The only things that are more important are physical well being having the basics and that's about it. Sell to get basics but nothing else.
Preference for a minted, proof, or certified gold american silver or buffalo? I'm on Jm buillon website now and don't know what the best would be to buy for sell ability purposes, authenticity purposes, etc. ? Thank you!
The only thing better than a tube of Buffaloes is TWO tubes of Buffaloes! I stack because I find it’s been the best way for me to build and maintain a savings account. And I just love collecting coins.
Do you have any gold coins that are 1/10th, 1/4, or 1/2 ounce? If so can you make a video displaying them with a 1 oz gold coin maybe include a quarter just as a comparable reference.
@@2is1gold If we lived closer I'd let you use the two tenth oz gold Britannia coins I own to film. I like the pieces I have because it's cool how they still have the same security features as the 1 oz. When I first bought them I wasnt expecting them to be the size they are which these are slightly smaller than a dime each 😆.
Good to be clear on the difference between liquid and non-liquid assets. Unless you've got way more liquid assets-including gold- than you'll need in the next 7+ years, you might want to think three times about converting them into non-liquid assets, like real estate. This presenter sounds like he's got strong monthly disposable income and is probably confident of rebuilding spent gold stocks in a reasonable amount of time. Or else he could be sticking his neck out a bit too far to score some coveted real estate.
I know this a older video but just had to tell this story. My dad questioned me and said why are you buying so many $20 St. Gaudens and $20 Liberty he said I would never be able to make more than maybe $30 each that was when they were 320.00 for xf/au and BU was 335.00 each I should have ate rice and beans everyday and bought even more of them.
For me, before buying any precious metals, I want to save enough cash at hand to where I have a 6 months to a year emergency fund. Then when I have enough of that, I will buy some gold afterwards. I want something that protects and insures me to buy gold without worrying of my job loss and loss of income for a period of time. Things do happen and I do not ever want to be in the position where I have to sell my gold in order to pay for an emergency or to pay bills. I want to buy as much gold as possible that when I get old and in my retiring years, I could look at all the gold I've ever bought in my prime years and put them in a small chest or safe like some pirate type stuff.
I'm debating liquidating my entire stack for a down payment on real estate that would be a rental property investment. Hard decision though most my gold are buffalos and most my silver is libertads and engelhard bars. I would hate to part with them but I anticipate much higher returns with the real estate investment. What would you do 2 is 1?
FWIW, people always need houses. The home sale market and the rental market almost self-balance. When people aren’t buying, they’re renting and vice versa.
I kind of want a Indian head gold coin it's just the price are higher than most others so I'm hesitant taking in consideration of what I earn. I did decide to buy another 1 oz gold coin though, it was difficult because I think I want a Canadian 🍁 or my favorite, the 2021 Gold Britannia. Ended up going with another Britannia, it was on sale on top of the price drop that occured. I was nervous that I wouldn't be as happy with the maple comparatively to the Britannia considering purchases only come after some time after saving the amount.
@@2is1gold Something else also caught my attention that I kinda want to start saving for as well. I'm starting to want a 5 to 10 oz cast gold bar, I'd say a kilo bar but that is over $50K so that would take me so long to save that the gold spot price would probably start rising before I even made it to the initial amount lol. Have you ever thought about purchasing a larger bar of gold either forms?
I think the more accurate way to describe it would be the debt-based economic collapse being replaced by real currency. I honestly don't want it to get that far. We'd all be better off with policy makers in the Fed who actually cared about our standing, and were willing to make the tough decisions. Skyrocketing interest rates lower investment and money printing, and increase the propensity to save. We would go into a brief recession to stop inflation, but stackers and preppers would be alright because we're ready, and the country would be better off because consumer confidence would stabilize.
