Buying Gold Coins - Everything You Need To Know

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Which are the best gold coins to buy? Where is the best place to buy gold coins? How much should you pay? Are fractional gold coins a good buy? This video is a Precious Metals Buyer Guide. Basically, everything I wish I knew when I was starting out. It should give you all you need to know to be able to confidently get started buying gold.
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🚨 This video has been updated for 2023 here: • How to Buy Gold - Star...
00:00 Introduction
00:56 PART 1: WHAT TO BUY
01:27 1 oz American Gold Eagle
02:26 1 oz American Gold Buffalo
03:54 1 oz Gold Canadian Maple Leaf
04:57 PART 2: HOW MUCH SHOULD YOU PAY?
05:26 Understanding Spot Price
07:13 PART 3: WHERE TO BUY GOLD COINS
10:33 PART 4: WHAT SIZE GOLD COINS TO BUY
10:57 1/10 oz American Gold Eagle
11:48 1/4 oz American Gold Eagle
12:34 1/4 oz Austrian Philharmonic
12:59 PART 5: HOW TO STORE GOLD
The Best Gold to Stack for the Long Game is a specific answer. It's not simply "gold".
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I buy gold and other assets on a dollar cost average schedule and then buy more as price and interest allow. If you want to know more about buying gold coins, that is my primary focus here. I talk a bit about cryptocurrency, mining stocks and other equities as well. Cheers!
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Disclaimers: I am not a financial planner, a CPA or an attorney qualified to give financial advice. I'm just a guy on the internet, talking about precious metals. This is for entertainment only. Who isn't entertained looking at gold coins? If you're looking for financial, tax or legal advice, please seek out a professional. As an Amazon Associate I may earn commissions from qualifying purchases. Any potential compensation I earn will not negatively affect your purchase.
Thank you!

Опубликовано:

6 июл 2024

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Комментарии : 2 тыс.

@wilmarcia 2 года назад

“You’ll also see it has a face value of $50 so you can go into a store and buy $50 worth of goods with it, but before you try that let me know, ill buy it from you for $60” 😂😂😂

@2is1gold 2 года назад

😄

@danielbentley8103 2 года назад

Shows how much the buying power of gold has changed since the 70s

@joecausey8508 2 года назад

I'd give $70. 😂

@Onion_Knights 2 года назад

I feel generous, i buy it for $100

@amani5084 2 года назад

This comment section has amazing returns

@RWAfuture 3 года назад

Today it's not about return ON capital. Today it is about return OF capital.

@2is1gold 3 года назад

UPDATED VERSION for 2023. Check it out: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-2EKhHdTRWus.html

@wsdmrtst 3 года назад

I love the speed in which you speak… makes it very clear and comprehensive

@2is1gold 3 года назад

Thanks!

@Manning_Family 3 года назад

Either you’re great at coming up with interesting topics, or your super-power is making boring topics seem interesting! Either way, well done again, sir.

@2is1gold 3 года назад

Thank you! Making boring stuff popular since 2020 ™️

@robertsolitro4163 2 года назад

Im thinking of sending my 3 grandchildren coins but im looking at 500 bucks apiece. What do you recommend..thanks

@BitcoinManagement76062 Год назад

Do you Nees Accounts Services , Transaction Purpose , Payment Handle ,Currency Exchange

@CBPowerPlays 3 года назад

Love your videos. Well organized and easy to understand and learn from, Thanks!

@2is1gold 3 года назад

Thank you! I appreciate that!

@BrianSmith-yq7ys 3 года назад

It’s very important that you don’t buy from the adds in the back of your aarp magazine

@2is1gold 3 года назад

I haven't seen those yet, but I can imagine!

@tonywinston4743 3 года назад

Is investing in gold better than investing in forex? Because I've lost a lot in forex

@elenarodriguez9668 3 года назад

Lol you have to trade professionally if you don't want to keep loosing your money. I've got a friend Mary she would help you out

@welovemarbles7191 3 года назад

@Ken Doe yes they are good

@ryanalto519 3 года назад

I was at the gym watching an info commercial selling SAE for $70 plus shipping or you could get a roll for $60 each I was horrified

@danno1800 3 года назад

What an excellent video this was! Filled with useful information. Thank you - much appreciated.

@2is1gold 3 года назад

Thanks!

@chris_panda 3 года назад

2:24 - “Because I’ll buy it from you for $60” 😂😂😂

@joecausey8508 2 года назад

I'd give $70. 😂

@azmike1 3 года назад

Thanks for the information. But it's nothing that I don't already know over the last decade of buying gold. Your presentation is top drawer.👍🏻

@2is1gold 3 года назад

Thank you!

@urielanderson3159 Год назад

Thank you for this. Been looking into this and a youtube search led me to your video. Greatly appreciated. Great pacing.

@ronjordan2831 Год назад

Great information. Very good job of walking newbies through the essentials without the chatter.

@2is1gold Год назад

Thanks for watching!

@Eli-qr9hc 3 года назад

Years ago I remember reading video headlines “Buy gold” Well, I’d see the audience ask “ok, but what kind are you talking about?” There were people buying gold Britannia or roosters etc. In the past the channels didn’t get detailed as you did here. Spot on brother

@2is1gold 3 года назад

Thank you! I think there are a lot of people coming into gold for the first time right now, and it’s really easy to make a bad purchase or not even know where to go. I know I screwed up quite a bit when I got started! 🐓

@sknight1449 2 года назад

This was comprehensive and wonderfully helpful. Thank you for sharing your expertise.

@2is1gold 2 года назад

Yeah, thanks for watching!

@BitcoinManagement76062 Год назад

Do you Nees Accounts Services , Transaction Purpose , Payment Handle ,Currency Exchange

@leroyj3627 3 года назад

This is quite informative for me, as a first-time prospective buyer. Thank you!

@2is1gold 2 года назад

Thanks for watching!

@BitcoinManagement76062 Год назад

Do you Nees Accounts Services , Transaction Purpose , Payment Handle ,Currency Exchange

@leonarddobrzyn725 3 года назад

VERY HELPFUL Had no idea that smaller coins end up costing more than 1 oz.

@TheLiamis 3 года назад

Minting costs. I sell 1/4 sovereigns often.

@retrogamer84z 2 года назад

Buying gold seems pretty great. You’re able to hard-lock your money into a form that’s got a barrier to selling. This would be good for someone trying to save up a large amount of money… to buy a house. This is a stable metal. Very very nice.

@2is1gold 2 года назад

Agreed. That's a good way to look at it!

@keithstewart511 3 года назад

Very useful - clear and slow speech so easy to understand. A good start to my research into buying gold.

@2is1gold 3 года назад

Glad it helped! Good luck!

@go4it129 Год назад

It was excellent!

@BitcoinManagement76062 Год назад

Do you Nees Accounts Services , Transaction Purpose , Payment Handle ,Currency Exchange ?

@DLR2542 3 года назад

Well I just learned another lesson from you. I figured out that instead of bugging you with all the questions in my head I just need to watch & listen to all your videos first. Although my list of questions is being answered the more I watch, my list of questions is growing too. It's like a never ending cycle so you cant ever stop ha ha ha. I'm excited to have stumbled across your channel. Gets me excited to buy gold too. Thanks and stay 4-nines solid my friend.(I just made that up. Copyrights lol)

@2is1gold 3 года назад

Glad you found the channel! Thanks for watching!

@Angie-in8wc 2 года назад

“Stay 4-nines solid my friend” is now the unofficial gold bugs blessing.😄

@BitcoinManagement76062 Год назад

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@jus-tinkin 2 года назад

I been spending a good deal of time on learning about PM (I wonder if you recognize my icon picture yet?). You are by far the easiest to listen to. Definitely my favorite PM channel to watch.

@2is1gold 2 года назад

Thank you! (And I do recognize you.) ✊

@joeycarpenter7288 3 года назад

great video! I am fairly experienced myself but this very clean and concise. I appreciate the breakdown..!

@2is1gold 3 года назад

Thanks for the comment!

@adambrown1919 3 года назад

Thanks for that! Very informative! Looking forward to purchasing my first Gold Coin!

@2is1gold 3 года назад

Good luck!

@BitcoinManagement76062 Год назад

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@Ranger42 3 года назад

Thank you so much. Learned so much and answered all my Qs.

@2is1gold 3 года назад

Thanks for watching!

@jsanders5657 3 года назад

Appreciate the video learned a great deal I'm new to this and you gave me some pretty decent insight thank you

@2is1gold 3 года назад

That's great to see. Thanks for watching!

@BitcoinManagement76062 Год назад

Do you Nees Accounts Services , Transaction Purpose , Payment Handle ,Currency Exchange ?

@ariekoishop 3 года назад

Thank you, very good introduction to this topic

@2is1gold 3 года назад

Thanks for watching! I hope it's helpful.

@ryanhobeck2942 3 года назад

I want to pay face value

@ryanhobeck2942 3 года назад

Why would I pay spot for something that the gov says is only face

@GoCanucks2011 2 года назад

In December 1997, The Financial Times ran an article entitled “The Death of Gold.” Since then, the gold price in US dollars has increased 519% from $288 to $1,780. Today, after many political events and crises we have evidence of the continuous and in many ways spectacular growth of the gold price. This confluence of many current events is creating a perfect storm for gold to increase dramatically more than we imagined.

@PBS-nm1uu 2 года назад

thanks for all the info, have been trying to get into coins for the longest time.

@2is1gold 2 года назад

Yeah, good luck!

@Golden_Locket1395 3 года назад

2:23 - I love how subtle that joke was

@2is1gold 3 года назад

😄

@gerard377 Год назад

Very informative and interesting to watch! Just a quick correction, the Kruger Rand pre dates the Maple Leaf as the first and oldest Bullion gold coin first minted in 1967. The Boers surpassed California in world gold production in the 19th century which led the British to invade the independent Boer Republic of the Traansvaal (Paul Kruger was the President of the Traansvaal Republic) where 3 quarters of the worlds gold was mined, and subsequently kickstarted the Boer war of 1899 (bankers war!) "The rest is history" as they say.

@2is1gold Год назад

Yeah, Krugerrand was first. The Maple Leaf was the first 24k bullion coin if that wasn’t clear. Cheers!

@stevelauda5435 Год назад

So very true sir.

@a.r.r.5626 Год назад

"Breaker Morant" Fabulous movie about the Boer Wars... But I digress.....

@thesparklingwater7400 Год назад

The British Sovereign predates ALL of the bullion coins. Very common in Europe and of course the rest of the planet. Oddly it wasn't even mentioned here.

@patrickwatrin5093 Год назад

@@thesparklingwater7400 if you watch some of his other videos you will quickly learn why that is. And for what it's worth after learning all about it on my own, he's right. No one in the States cares about sovereign

@deplorabass1588 3 года назад

Thank you! The video was very helpful.

@2is1gold 3 года назад

No problem - thanks for watching!

@josephgrijalva2859 3 года назад

this is my first stop for learning about buying gold. thank you. i was inspired.

@2is1gold 3 года назад

That’s great. Good luck!

@josephgrijalva2859 3 года назад

@@2is1gold Thank You.

@juanosorno8153 3 года назад

Great video for newbies like me. I am starting to buy so a lot of info in the video. Thank you!!

@2is1gold 3 года назад

Hope it helps. Good luck!

@SilverBritches 3 года назад

Great in depth analysis sensei of gold!

@2is1gold 3 года назад

Thanks, bro! Appreciate the words, as always!

@tuanha6843 3 года назад

I like listening to your voice, it’s so smooth. You should be on the radio!

@2is1gold 3 года назад

Ha - thank you!

@silveraddiction52 3 года назад

Great job. I'll definitely use the information. Currently only have 1 1/10th oz American gold eagle and 1 1/10th oz Chinese gold. And 2 scrap gold rings....I really need to focus more on gold....lol. started last year in July and almost up to 100 oz silver. But at least I'm stated

@2is1gold 3 года назад

Yeah, good start. This has been a tough year to stack!

@chrissummerfield9583 3 года назад

Great video again love the channel very good information .

@2is1gold 3 года назад

Thanks for watching!

@TacticalTrucker 3 года назад

_If you convert your currency to gold bars versus coins you can get a higher premium instead of just spot price, bars are more popular in status especially bars that are minted versus casting_

@SilverHeist 3 года назад

Thanks for covering all the bases.

@2is1gold 3 года назад

Thanks for watching, Heist!

@roryross3878 3 года назад

Yes, but what about the US commemoratives in the outfield?! But on all seriousness I realize 2 is 1 has been good about featuring those.

@grizzalo 2 года назад

Wonderful advice. Thanks for your hard work.

@2is1gold 2 года назад

Thanks!!

@PeterCSkov Год назад

We work for years to have , $1million while some people I know put thousand of dollars in some meme coins and they are millionaires.

@EthelSLucus Год назад

How? I know it's possible, I would appreciate if you show me how to go about it

@stephaniea.mitchell8034 Год назад

I always wanted to trade crypto for a long time but the volatility in the price has been very confusing to me although I have watched many RU-vid videos about it but I still find it hard to understand.

@bradleyperryperry5072 Год назад

@@EthelSLucus .First understanding the financial markets and how it works then you need to know how to study the market chart. That's all you stand to when you start trade with a Mentor

@WillieSStott Год назад

Despite the economy downturn, I'm so happy 😊 I have been earning $60,000 returns from my $7,000 investment every 14 days

@WillieSStott Год назад

@VanessaJLampe .I have been trading with Mentor Derek Mia Scott for a while now she is really amazing and trustworthy she's has the skill level of trade always winning with her trading platform.

@R6andS4rider 3 года назад

Great video, very helpful. You made a quick mention of gold bars. I know this is mostly a coin channel but any info you can provide on bars would be appreciated. The premiums on bars seem so much better (especially at the time of this comment) and my local shop said they buy bars back just as easy as they do coins.

@2is1gold 3 года назад

If your local shops do buy them, great. They’ll be your most likely buyer. Mine have always recommended against them. Cheers!

@sarveshsarvankar2082 2 года назад

@@2is1gold

@MrKzane Год назад

Shoot, coin shop owner laughed at me when I asked if he sold bars. After his tirade of laughter, he told me that is why he was in the business...bars. He rt old me he NEVER sells bars, only coins etc. Go figure...

@marcelopierre7330 3 года назад

this was very informational thank you for this. I have been trying to move some assets into gold since the beginning of the year and this really helped me out.

@2is1gold 3 года назад

Glad to hear it. Good luck!

@abeabolkheir1710 Год назад

Honored through the ages, the standard of wealth, the original money, the safe haven. I love gold!!

@MushroomsMythologyandMedicine 2 года назад

Thanks for taking the time to share this information with us.

@2is1gold 2 года назад

For sure. Thanks for the comment!

@BitcoinManagement76062 Год назад

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@kirbymohelstein4185 2 года назад

Informative and helpful

@2is1gold 2 года назад

Thanks for watcing!

@cecilmurray4388 2 года назад

I am a novice trying to buy gold coins. Thanks for your podcast it is excellent because it answered all of my questions.

@2is1gold 2 года назад

That's great. Good luck!

@leesacounihan4846 2 года назад

Thank you so much, I am a complete novice and now know where to start. Very informative video, much appreciated 😀

@2is1gold 2 года назад

Thanks!

@BitcoinManagement76062 Год назад

Do you Nees Accounts Services , Transaction Purpose , Payment Handle ,Currency Exchange

@aipacsucks 3 года назад

Solid info. Thanks for making this!

@2is1gold 3 года назад

Thanks for watching this!

@redX111t 3 года назад

Would never store my beautiful coins in a safe deposit box, there's also the risk that when things get really shitty, you can't acquire them at all. If you don't hold them, you don't own them.

@2is1gold 3 года назад

It's definitely very specific to the individual.

@izdyhar82 3 года назад

Never heard of any cases of missing gold in safe deposit so far

@rickrodrigues2219 3 года назад

Agree 100%! Safe Deposit Box?!!! It's not insured against any kind of loss, inconvenient & irritating to access & are expensive over time! Gold coins, bars etc...are beautiful to hold in the hand & admire...spend some time with them! A legacy left for your kids! It's yours to hold & offers insurance/hedge in the future against a weak paper $! Nothing get's cheaper over time...a gross understatement that needs no verification! The operative word is "INFLATION"! Research gold history! Screw the bank...don't make them any richer! Get yourself a good house alarm system...NO(!)...get 2 house alarms (redundancy), external CCTV, a big heavy steel safe & bolt em down!!! P.S. Pay close attention to the world affairs & it's impact on the markets...geo political events, commodities etc...& gold prices (trending)! Buy when it's cheap, comfortable & affordable for you!

@Clara-ec6yh 3 года назад

Agreed!

@lifeontheedge357 3 года назад

@@izdyhar82 it took me 6 months to get to my safe deposit box after hurricane Katrina. It had been under nine feet of water.

@wanshanz6754 3 года назад

Wow. I felt like a student taking notes on pencil and paper. Great instructor!

@2is1gold 3 года назад

Hey, thanks! Good luck!

@kevinkryspton1400 2 года назад

Fun and useful fact for you guys if you sell over $10,000 in gold in a day make sure they're american gold eagles and you won't need to fill out an IRS form with your transaction therefore it doesn't get reported to the IRS. Nice tip if you want to get the most out of your investment and it is 100% legal. Great video your description of how things work is pretty "spot" on haha! I work at a coin shop and depending on supply and demand we will usually do $10 over spot for an unscratched/ undamaged 1oz/fractionals etc. coin because we believe in keeping our client base happy and its much cheaper than buying from the whole seller at $50.00 - $60.00 over spot while keeping that wiggle room for profit. Thank you for explaining to the new comers it helps us all!

@Changwei888 3 года назад

thanks, i'm working on adding gold bullions to my portfolio now

@ALFAJERKBFH 3 года назад

Thanks! I'm new to the precious metals game.

@2is1gold 3 года назад

Thanks for watching!

@jasonwilson556 3 года назад

From an investment point of view, The Krugerrand is superior to the Gold Eagle( as well as the other major bullion coins) and I will explain why. Take $1,000,000 and divide it by the ask price for Gold Eagles then do the same for Krugerrands. Then multiply each by a $5000.00 future price, and assuming you would get spot back if you sold your krugs, and spot +$50 for the Eagles. With this hypothetical situation, you would be far ahead financially with the Krugerrands, because the extra gold you initially got with them and their lower premium appreciated significantly. Where as the money allocated towards the Eagles exra premium did not. Kruggerand > Eagle.

@2is1gold 3 года назад

Solid argument. I still choose Eagles based on popularity here in the States.

@Review-This 2 года назад

I buy for gold value and it sure does add up over the years buying on nice pull backs on price.

@dababycar2899 2 года назад

Congrats on 25k subs!

@2is1gold 2 года назад

Thank you!

@jeffreyarchambeault4129 3 года назад

informative! thank you for helping me begin first steps in understanding gold coins

@2is1gold 3 года назад

Absolutely. Thanks for watching, and good luck!

@BitcoinManagement76062 Год назад

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@LucyStacks 3 года назад

4 months later and still got something from this 💯 thank you!

@2is1gold 3 года назад

Thanks, Lucy!

@LucyStacks 3 года назад

@@2is1gold 😉

@BitcoinManagement76062 Год назад

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@wsdmrtst 3 года назад

Lol! I just realized the deeper meaning of the term “mint condition” just by watching you handle that gold!

@saidmehamli5445 2 года назад

Yeah, but there is no taxes on Gold .

@IntermountainGoldRefiners 3 года назад

I’ve been meaning to make a guide similar to this. Nice Video!

@2is1gold 3 года назад

Thanks!

@BitcoinManagement76062 Год назад

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@lorieedwards180 2 года назад

Really great clear information, thank you 😊

@2is1gold 2 года назад

Thanks for watching!

@juicestacker1950 3 года назад

Sry cool guide brother love the details step by step even with the lcs research nice job brother

@2is1gold 3 года назад

Thanks, Juice! Just thought through all the parts that would make a person nervous to buy (or make a mistake). 👍🏼

@juicestacker1950 3 года назад

@@2is1gold well you put the nail on the coffin ! ✊🏻

@BitcoinManagement76062 Год назад

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@pmiahky 2 года назад

Great video! Helping my mom purge her house and get her into assisted living. Her Aunt gave her a stunning gold mint encased set and she has no clue. I’m just learning about these and am going to a local dealer (Cleveland area) to have them graded next week. Many are in impeccable/vibrant condition. Some big time value it appears. 1923-D $20 Double Eagle 1876-S $20 Liberty Head ‘Twenty D’ 1932 $10 Indian Head 1914 $5 Indian Head 1912 $2.50 Indian Head 1871 $1 Indian Head 1893 $10 1902 $5 1854 $2.50 1851-O $1 1903 $5

@josephzachry9707 3 года назад

Glad I watched. Thanks.

@dukenukemani07 2 года назад

Thank you for sharing. This answered a few questions I had. 👍

@2is1gold 2 года назад

Thanks for watching!

@joelscott1898 3 года назад

I started grabbing 5 gram bars or so this year. I'm less worried about premium than I am about runaway inflation in current year.

@shafserious2805 3 года назад

Bingo!!!!!!!!!!!!!!!!! Same here!!!!

@TheLiamis 3 года назад

Yep, inflation backed by nothing but debt. It's why I jumped on silver gold and crypto.

@shan4078 3 года назад

Absolutely!

@defyingtyranny5682 3 года назад

where are you ordering from?

@joelscott1898 3 года назад

@@defyingtyranny5682 I've shopped with JMB for years

@christurgeon6277 3 года назад

Been buying G&S for about a year now, very informative, thanks!

@2is1gold 3 года назад

Thanks for watching!

@BitcoinManagement76062 Год назад

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@michaelsoler2621 3 года назад

Hey 2is1 Guy! Great videos! keep up the work!

@2is1gold 3 года назад

Thank you!

@RobShutt357 3 года назад

Good job keeping it simple.

@2is1gold 3 года назад

Thanks!

@toprock6058 3 года назад

Great video and explanation but you could also mention that its pretty much also a savings account regardless if you're buying fractional OR full 1oz. You'll probably keep keep up with inflation or surpass it

@2is1gold 3 года назад

Did it feel too weighted toward 1oz?

@davidwarner6755 2 года назад

@@2is1gold No..was well balanced. Thank you

@onthepath501 Год назад

That's what I'm not getting is it says it's one outfit one ounce of gold going for two grand I guess it's fractional

@coincapton6663 3 года назад

Thank you for the information I recently received a couple gold coins from my father that passed away and was curious about selling them thanks

@2is1gold 3 года назад

Sorry to hear that. Good luck with the coins.

@sirrathersplendid4825 3 года назад

If you don’t need the cash now, hold on to them. They are a hedge against bad times and high inflation, which is quite likely within the next couple of years.

@floweringplumb4678 11 месяцев назад

Thank you for the information in this video. Vital information for the newcomer to collecting Gold. Keep the videos coming.

@brianbennett2397 2 года назад

Great video! Thanks for the tips!

@2is1gold 2 года назад

Yeah, thanks for watching!

@sethkeo1972 3 года назад

It’s so beautiful.

@GaryALara 2 года назад

Great and comprehensive overview. Appreciate it.

@2is1gold 2 года назад

Thanks for watching!

@Marcustheseer 2 года назад

ya am starting to look into buying gold/silver coins now,nice informative video,gonna look for coin shops close by as a start.

@2is1gold 2 года назад

Good luck!

@dm-fw3qu 3 года назад

Solid video. Good info. Thanks.

@2is1gold 3 года назад

Thank you!

@HifiCentret 3 года назад

I'd recommend coins too. They're much easier to verify that they're genuine when you have them without capsule. You can do all sorts of non destructive measuring and testing and if you're just a little bit of knowledable you can be 100% sure that the coin you have in your hands is genuine. Bars are harder to verify. Sure you can take them out of the certificate such is typically in and measure it but then you'll loose money the day you sell them. On top of that because of their shape they don't have as well defined ping tone to it as coins. On the other hand bars can be easier to store as long as you don't buy very small ones and if you like the idea of them having a serial number then sure bars is for you. But to really gain storage benefits you need to go for at least 50 gram and preferably 100 gram and for most people with todays gold prices that is a really large amount. Bottom line stick to coins. When you have enough you can consider storing them in Hartbergers instead.

@2is1gold 3 года назад

Yeah, coins for me too!

@tomstanley7568 3 года назад

@@2is1gold People also ask Can you find gold in WV? Gold in West Virginia There are no commercial gold mines operating in West Virginia. Despite the lack of gold found within quartz, very small quantities of gold can be found within the state. As with almost any state, very tiny specks of gold have been reported to be found in several creeks and rivers.

@Cosmystery Год назад

Im a complete newbie to this, but I find it strange that they are printing a $50 face value on a coin that is worth $1,800.

@Watcher-ts3ql 4 месяца назад

That‘s because there was a time (give or take 100 years) where there this Gold was exactly worth that money. So you could exchange that coin with paper money. And you could buy stuff with it. It‘s called the Gold standard where there was exactly the amount of money in paperform as there was Gold. It even stood on the old USD Bill:“ In Gold coin payable to the bearer on demand“. Then came the decoupling of the Goldstandard from the USD. And the moneyprinting started. And here we are.

@snoopu2601 2 года назад

Thank very informative I learned a lot, I have to do my research on what I'm buying from my local coin shop. I have done business with before buying graduation coins for Grads one year they gave me a nice box to keep the coin in that made it a very nice gift. Now the Gold coin I'm glad I learn it needs to be in a capsule to protect it.

@ajf1040 2 года назад

Well done. Very informative.

@2is1gold 2 года назад

Thanks!

@Tbob17 3 года назад

When gold goes north of 5k there will be no mistakes made today...don’t lose track of what the real returns are going to be when shtf....

@gregorydavis4831 3 года назад

I've been buying Krugerrand's since the 80's it sells for the least above spot, and buys for damn close to spot

@craig6903 2 года назад

Why is that coin more popular?

@vladoholic8497 2 года назад

@@Kaalerful Krugerrand is not pure gold. Krugerrand is 22 carat which is 91,67% gold (the rest is copper)

@erikutube33 3 года назад

Thanks, 2 is 1! Great lessons for newcomers!

@2is1gold 3 года назад

Thanks for watching!

@ferebeefamily 2 года назад

Good information as always. Thank you.

@2is1gold 2 года назад

Thanks!

@williamhaugan4316 3 года назад

Gold is fun investment, since you actually can see and feel it..

@2is1gold 3 года назад

Agreed!

@ashelve8132 3 года назад

@Robert w 😂

@bliglum 3 года назад

It's also fun to see my TD Ameritrade account grow by tens of thousands over the years! But I have been looking to diversify into some more tangible assets lately.. Seems like a correction is overdue.

@kohare2431 3 года назад

It's more of an insurance than an investment..

@audiophileman7047 Год назад

An important point about Krugerrands is that they usually have a lower premium than Eagles, and as you said are respected worldwide. Some people equate gold ownership with Krugerrands. The only downside is that Krugerrands have reporting requirements for tax purposes when sold that Eagles don't have if you live in the United States. I'd buy either Eagles or Krugerrands, not really interested in anything else. I also like the durability of 22K over 24K. Storage can be controversial. Some people like to do midnight gardening for their gold, but it's important to remember where it is. 🤔

@2is1gold Год назад

Good points!

@audiophileman7047 Год назад

@@2is1gold There's more, but I'll save that for another day and maybe some of your other videos.

@Nick-sx6jm 6 месяцев назад

Why would they have reporting requirements? I thought as long as the amount was less than 10k nothing had to be reported.

@audiophileman7047 6 месяцев назад

Think about it, and it will come to you.@@Nick-sx6jm

@sherrymetivier4953 2 года назад

Awesome information. Thankyou

@2is1gold 2 года назад

Thanks for watching!

@zaneroland1633 2 года назад

Great video, very helpful.

@2is1gold 2 года назад

Thanks, Zane!

@wombattmatt8303 2 года назад

Personal opinion, I’ve personally only bought metal when silver is under 16/oz and gold under say 1700/oz(though most of my gold was bought when it was way cheaper, like 5-600 in 2005 ish) but anyway, point being, spot price shifts and runs opposite the dollar generally. When the dollar is doing real well, metal will be down, ThTs the time to buy, then when the dollar is weak, metal is up and that’s a good time to sell. This usually happens in ten year increments or so, so it’s very much a longer term plan, as investments should be

@2is1gold 2 года назад

Yeah, longer term plan for sure. Cheers!

@stephencox756 2 года назад

Let's Go Brandon!

@doneask1746 2 года назад

“When the dollar is weak…. “ It is not weak and it is weaker and weaker as long as Brandon is in the WH.

@Mint-kj9kw 2 года назад

@@doneask1746 Well, the dollar will be no more by 2037 so now is the best time to buy silver

@go4it129 Год назад

@@stephencox756 Stupid comment on an great video

@josefsmith3140 3 года назад

I don't really have a local shop I use apmex mainly but there is a jewelry store close to me and he sells spot plus 10 bucks can't beat it.

@BrianSmith-yq7ys 3 года назад

Apmex is a rip off try the modern coin mart although they sell old stuff too

@norcalbry 3 года назад

Spot plus $10 is a great price!

@nwalker2619 2 года назад

Excellent video, very informative

@2is1gold 2 года назад

Thanks for watching!

@jaywolfdesigns 3 года назад

perfect video, wow good job!👍🏻👍🏻

@2is1gold 3 года назад

Thanks!

@RobertMertensPhD 3 года назад

If I were a gold dealer, I would buy gold for 5% under spot and sell it for 5% over spot.

@TheLiamis 3 года назад

The new 2021 Britannia is a beauty. Amazing security features.

@2is1gold 3 года назад

Completely agree!

@stevens5541 3 года назад

Just bought two of them both 1oz

@mogultalk1on183 8 месяцев назад

Great information

@josereinaldocorrea4901 3 года назад

I loved your video! Planning on investing in gold coins.

@2is1gold 3 года назад

That’s great - thanks!

@slovokia 3 года назад

I would care about the following: minimal reporting requirements (i.e. high threshold before transactions are reported to government authorities), minimal trading spreads, reliable quality (i.e. gold is high purity).

@lolmock25 7 месяцев назад

The sale of us currency is tax free that's why the coins have a premium over spot

@Estelle_H 2 года назад

I found a gold coin in a convenient store! It was laying on the floor and people kept stepping over it! it's the eagle one

@2is1gold 2 года назад

Wow. Find an Eagle, pick it up, ll day long you'll have good luck. 😄

@BitcoinManagement76062 Год назад

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@roygorman6624 Месяц назад

@@BitcoinManagement76062sounds like a preacher to me, more bullshit!

@GetIrked 3 года назад

I've been buying gold and silver coins for years, but I still LOVED this video. Your camerawork is outstanding - I'm seriously impressed with the detail you got on your coins. My own channel could use an improved camera - can you tell us what kind of equipment you use to capture these shots? Great voiceover, too - awesome video voice. :) Please keep up the great work!

@2is1gold 3 года назад

This one was an iPhone 11. I've switched to a 12, but it's really just a matter of lighting. Indirect sunlight allows the best capture for gold. It's hard with anything else!

@GetIrked 3 года назад

@@2is1gold That's incredible! I have a 12 and here I've been trying to figure out the best way to use my Canon 7D SLR camera! LOL! Sometimes the simplest solutions are the best. Thank you so much for the reply! :)

@2is1gold 3 года назад

@@GetIrked find your exposure settings, and turn them down. 🎩

@BitcoinManagement76062 Год назад

Do you Nees Accounts Services , Transaction Purpose , Payment Handle ,Currency Exchange