In this episode of our "How To Invest In Gold" series, Michael discusses the various sizes of gold that you can invest in and the pros and cons of both. This video is perfect for beginners. Questions? Visit www.bullionnow.com.au to find our contact details, we'd be more than happy to help you.
Well actually that's not true you can definitely cut one ounce of gold off of your bar and you would sell it for spot price I mean why would you tell people that have to bring the whole thing in itself back again and lose money that makes no sense. An ounce of scrap gold is worth an ounce of scrap gold gold is gold and sure there's a premium we're not talking about premiums we're talking about cutting a chunk of gold off the gold if gold is going for $1,800 an ounce in the premium for a coin might be $1,900 you can definitely cut a chunk of gold 1 oz off of your brick and go get 1800 bucks for it spot price
Currently, the 1oz goes for $2029 and the 10g goes for $2036/oz. as I told my parents, if gold does go to $50000 then it would be hard enough to find someone with $16,077 to buy your 10g bar; you might even want a 2g bar for every three 10g bars you buy, just to have some added liquidity.
My Grandfather used to give us this precious gift in other form Bond on birthday...he just needed one signature of us on our birthdays...very visionoary person he was! We Indians usually exchange silver-gold on all occasions rather than cheap material items but time has changed a lot now!!!
I buy 1 gram gold bars every chance I get. Easier to barter rather than melting a piece off a big bar. Also I have bills and stuff, so I get what I can afford and stack it.
I would say it also depends on your exit strategy. If you're selling back to a dealer I would agree, buying as close to spot is the best option. But I have bought and sold a fair few 1g gold bars, and I've always got my premium back, and often more than if I'd bought an ounce rather than 31 separate grams. Lots of people are happy to buy £50 of gold, there are fewer customers with £1400 spare in the circles I move in
Gold Rings is the key! I’ve heard many stories with people in Venezuela and Argentina say rings saved their lives. One said if you go to exchange a 1 oz bar you will be targeted but trading gold rings for instant cash was the norm and that makes a lot of sense to me I’ll make some of my bars to 24k gold rings
@Blake stalked robbed killed .. word reaches out if you go to a pawn shop with that amount of gold but trading rings is a regular so if you can have some 22 or 24k rings as a savings will be great cause going in with 1 oz bars can cause an alarm
@Blake you need to research Venezuela and Argentina the first thing Murduro did when he came into power was ban ownership of legal guns so only the criminals had guns also even the gold dealers aren't to be trusted these situations are very extreme and desperate even tho you might have a gun there are gangs that will be happy to murder you for a oz of gold i mean they killed a family for a fruit Tree in their own yard in Venezuela this is real life.
2:25 that's exactly why you want to buy the bigger bars. You find other ways around those problems rather than sell at first impulse. And if you do need to sell you can always buy smaller bars back and/or consider buying a different metal that is now at a more favorable ratio.
so hes saying , small pieces of gold is worth more ? or not ? hes said its better to buy bigger, but why he mention cutting a small piece off, why is it worth more ? please explain to me
The people who say size doesn't matter are generally people with a short stack ; ) As far as this video goes, this is very good to share as an explanation to newcomers to the field as its always nice to see a visual comparison of what you are referring to. As for that 1kg Gold bar, I can still feel it in my hand! 😃Thanks for sharing ^^
I’ve been buying a few grams of gold an assay cards I don’t know on the screen they look like the size of a dime and you get them to the size of it quarter of a dime is a little disheartening but it is what it is
No it is not ! You will get 11 more grams for only a few hundred more dollars with less premium ! 20 grams are the WORST ones to get it ! Trust me on this
Fractional silver is 90% United States currency, never buy silver combi, just buy 90% United States currency, That is your fractional. As for gold, buy the combi bars
With the kilo bar, couldn't you chop off a corner, and re-melt it, and sell it back to a dealer as a smaller bar? Dealers like you would be able to verify the weight and purity, so why would that not be resalable? Great video though!
As long it's melted down into a bullion bar of 99.9%+ and includes a hallmark and a stamp of weight and purity, which we can authenticate, then that should be ok.
Hi Michael I’m Warren , I have a small question to as I bought a 1991 The Australian nugget 1 kilo 999.9 gold coin, at spot price would I get for it . Also it has been graded with PCGS MS62.
Not trying to sound condescending (I understand that sometimes people lose their jobs) but if you need to sell your gold to afford to fix your car, maybe you should not be buying it in quantities that would require you to sell it. Financial priorities/order of operations first. Or maybe I should put it as your gold shouldn't be a designated emergency slosh fund.
@@BullionNow so its the way that I suspect lets say the price of gram is 45£ and you will sell it to me for 46-47-48£ depending on what quantity I buy , and if I resale it immediately if the stock price is 45£ , you'd buy it off me for like 43-44£ thats correct right?
I dont understand why you lost your investment if you cut off the corner of your kilo bar. Wouldnt you just subtract the piece you take off from the investment, and weigh it again ?
You haven't lost your investment, but you have lost your "investment grade" bar. If it's not whole, it can't be bought back as such, so will be offered a less amount for your "lump of gold".
@Blake Spot is $25,000 but the paper price has totally diverged from the retail price in the opposite way of gold and silver. You're paying way under spot because everyone knows it's a bubble and don't want to be holding the bag.
Sorry but the silver premium on small denominations is ridiculous. As in 20%+ ridiculous. Telling people to buy small amounts of silver is foolish when dealers will only buy them back at near spot. This is in Australia I’m talking about maybe Americans don’t get screwed over as much. At least if you buy kilobars or bigger the bid ask spread isn’t outrageous. Better still go and buy gold
hi mike i met you in the lift at 227 5 yeas ago you could tall the bolg in pans that it whas not my pecker and asked what i was buying i seed gold you seed to buy the cheapest gold posabell and stop the lift at the rite flour for me to get the cheapest i have perchest gold of you over the internet from you but l am coming down fron the country in week and looking to do same dills
Hey, maybe you could spend some of your "Gold Fund" and learn to spell and type. Because that was simply atrocious. It took me a few to decipher WTF you were saying!