Unfortunately gold and silver are terrible long term investments. Heck, silver is lower now than it was 40 years ago. Meanwhile the S&P is up 2700%.! Then add all the criminal premiums and storage headaches and its hard to make an argument for purchasing a lot of metals.
@@robw6244 I agree the past hasn’t been sparkling but I think the cats out of the bag about manipulation and there won’t be any stopping it in the future.
@@robw6244 dude a good investment will at lowest see you reap 5% p.a ... your talking of get rich quick gambling hindsight... Gold has performed on an average of 11% p.a for the past 20 years... what else would you want
@@pauld8790 you did a nice thing but i just bought 1 ounce of silver for 63 dollars and still waiting for 25% VAT on it next time i buy i wil ltry to get a better deal
No governments back themselves in gold. That’s been gone for 40 years. Governments may have gold in reserve but they aren’t backed by it. They are backed in US dollar reserves
Fully agree with you on many things you said, main reason I try to be prepared on all aspects I can. Know where my life is, but looking forward to set my kids up for the best life I can no matter what happens by that time.
I enjoy the calm message. Kitco is frantic and gloomy, they instill fear. After watching their videos I find myself online shopping for more gold almost every time. Not that I need a lot of encouragement.
Are they really scamming? How do you prove that? The recent interest in silver seems to be something of a craze or mania. Lots of people at home with little to do. So supplies of silver have quickly dried up and the dealers are doing what they always do when they run out of stock of a specific item - putting the price up to bring in more stock.
Another great video. I almost dislike you for not being more vocal about how badly the s**t may hit the fan (stock market), but I greatly respect you for your lack of emotional approach.
No need to sound alarms and scare people into stacking - there's plenty of channels already doing that! Just continue to keep it real and we'll keep coming back.
Yep these bullion dealers are making a killing the past 2 years And if some continue to buy with high premiums on a dip...they will keep their prices high. I patiently wait and stack cash for my next move
I'm in agreement with your assessment too. If we see a significant stock market change in the next month or two, I suspect it'll be a correction for a market that is somewhat over valued. Don't think it'll be a significant "crash" but will undoubtedly drop values enough which will take many months to recover from. I do think the Fed is going to have a hard time controlling inflation (I believe we're beginning to see that now). Grocery bills will go up...but so will gold.
gold may be crashing... but the premiums are on a rampage... the end result is the take home prices are not moving down much... especially if you pay via CC or paypal.
The Canadian Maple Leaf finally arrived. So small, but so valuable. I can hardly believe what it’s worth. Imo it’s only a matter of time before we get hit with inflation. Nice to know that I at least have something right now to hedge against it.
💯 2 is 1 # I'm just running down the rabbit hole to see if there is any info i can gain a bit of knowledge on. 2024 aug. The intro was 💯 man. Thx. You. P.s. I kinda wish you were a financial advisor. But I will take what I can get .
The premiums can't stay high forever, right? Right? You don't lose unless you sell. If only everyone understood that. I'm ok with sub $20 silver and sub $1,600 gold, then a slow creep back up to $30/$1900. Stacking cash isn't the worst thing do be doing right now. Good place to be while watching the precious metals flattening show.
Some people ask me about investing in gold or silver. I always respond; "I can't tell you what the price is going to be in 2 or 5 years. But I can guarantee that in ten years it will be worth more." That usually discourages them because most people are wanting to make a quick buck.
These types are the same people who put all their cash into a high street savings and brag to everyone about getting a great deal at 0.01% interest. I have friends and family like that!
Great video with real honest & sober analyst... This is one of the many reasons I think you have the BEST "stacking" channel... I am tired of the "shtf BS"... I mean if it all does "go bad" having Gold & Silver will only mitigate some problems and I think a lot of those folks become self fulfilling prophecies... Reminds me of the old saying, "when you are a hammer, everything looks like a nail"... Suffice to say, I am very pragmatic about most things and I think we would all do well to plan for a brighter future and diversify our investments, fears, and goals... Great Channel and as always, Thank You - Joe
@@2is1gold I will confess that I have not actually read any of those but I know the type of dramatic novelization type & dialog style... Having said that, I still think the Danielle Steele Novel would incorporate "more logical" & "sympathetic characters" than the SHTF/Doom Porn/Para-Military Conspiracy Theorist . Maybe I am mistaken but you could forgive that due to my need for Reason and/or a persuasive articulation that does NOT fit onto a Bumpersticker or involving Space Lasers... Just Sayin... Be well!
One of the best stacking channels for sure! Any chance you could take us along to the LCS next time you go? I like when some of the other stacking channels do this and I like to hear what the dealers have to say.
That blew my mind when the Federal Reserve Chairman said that bitcoin is a substitute for gold... 🤣 I don’t even know how he can say that they are truly comparable, much less a substitute.
Smoke and mirrors like everything The government tells you. If someone from the Federal Reserve is telling you Bitcoin is like gold....sell your Bitcoin and purchase gold! They ALWAYS lie.
I'm holding off silver and peeking at gold considering current PM premiums and the chance gold is close to a bottom in spot. Also holding off because had to quit a 'toxic' job before an out-of-state move. Remove income and a PM purchase has to be worth selling another asset for in the meantime.
May I suggest the following solution to overcome super high premiums, Buy allocated gold and silver through the bullion online store then swap it to physical when the premium goes a down
Gold Eagles 1/10th oz are way too high in premiums in relation to the size if the coin. 1/4 and 1/2 may be the same. Spot goes down and premiums go up. Maybe that will change. Like you say.
@beswick1111 - Love is a fickle thing. Just like in a relationship you can get attached to something and then find it difficult to sell when the time comes. You’re right though: a good trader doesn’t engage emotionally in what they buy.
Same. I'm on some auctions and I keep getting out bid on 1/25 cdn gold coins going for like $98.50 usd. But the maple grams as going for about $64.60 usd. So the maple grams are less than even the generic bank 1g. Seem like the better deal right now, for fractional small, if you're not buy 1/4oz or more.
Hi 2 is 1, Price will NOT matter because if we look at 50 years stats of gold always appreciated it. Gold is not to sell. But gold is more for accumulating gold. Buy it and forget it.
I'm doing an oz a month wherever the price is. I'm not happy with the premiums either, but the final cost is less than what I was paying before. I've been picking up 1 oz Kangeroos for about 7-8% over spot (cc price). Currently $1850.
To be honest. I'd very much like to see gold crash. I don't plan on selling before 30 years or so and a lot can happen until then. If gold really crash it only means I can buy more metal for less - would suit me very fine!
Buying consistently averages out your cost. So if you buy a 1/2oz coin every month, the prices are sometimes higher, sometimes lower. It averages out over time, so it doesn't feel like any single purchase is a mistake, even if it was a little more expensive. Cheers!
@@2is1gold OK. Thank you for the explanation. I appreciate it. I got confused because I thought about currency hedging when I heard Dollar cost average. That’s an issue you don’t have because your currency is USD. Thanks. ✌️🇦🇹
Thank-you 2is1 After finding your channel. Other channels tend do not begin to cover topics like yourself. I can tell you have been around the game long enough that though it is your opinion it does relate to what is going on. Each person should form their own opinion. As not everyone's financial situation is the same but an outlook should be similar......
Excellent content and review. Depending on your abilities dollar cost averaging is always good advice. Purchases with these spreads and premiums garentee getting in at possible top. Going All in could be a hindrance to the goal. Over time you get opportunities to cost average Down and Up. The choice is always yours.
I love your insight every time. I always feel more assured. Thank you! I just ordered a 1/4 oz yesterday 😁 cheaper than the eagle and part of my already going collection so when I get it I’ll probably make a video 😎
I feel like the price needs to go higher so people will sell and that could result in lower premiums. Everywhere I look there is a shortage of precious metals, especially silver. So imo prices need to go up before supply gets back to normal
Crash or no crash... im still stacking. Although a crash in gold prices would be beneficial to those of us who continue to buy. Lower our dollar cost average
Most new stackers don't stack gold. They are into silver. Gold stackers know that every oz we buy is a blessing. Gold carries very little risk if bought for long term savings. Once I make a purchase, I start saving for the next purchase. I agree, gold will go down further this year. I have no control over that. I also agree that we will also get a stock market crash. We can't predict when. If I could, I would wait until the crash and then decide when to buy gold again. Gold has never let me down so I continue to buy.
The price of Gold and Silver always fluctuates in price during and after times of crisis and uncertainty. Additionally, there is price manipulation. It does not surprise me that the price of gold went up in 2020 and is going down in 2021. When gold refiners go back to full operation after the pandemic has lessened and bullion dealers receive more regular resupplies of Gold and Silver bullion, the price is likely to drop further.
Absolutely, it's metals vs crypto. They always come up with a ridiculous reason for a metal drop in price, a strong dollar when they are printing megatons of green paper, lower yields when it's just the opposite, there are no fundamentals anymore. It's impossible to gauge what will happen next, but when you have physical bullion in your hands, does it really matter?
***** Crash... Smash!!!! You watch... the lower the price goes on gold, the HIGHER the premiums will RISE!! The bullion companies have to regulate and keep premiums high to stay in business. We have all recently seen the NEW WAY of purchasing PM’s accepting the high premiums... if you want it YOU GOTTA PAY!!!!!!
I'd like to see a premium crash or at least a return to some semblance of normality.. Unfortunately I think we're a ways away from that still.. So I'll keep plugging away with continual purchases.
I love how the maple leaf plastic enclosure border is so slim in the border, it get's much better "eye" attraction than the other buffalos or the brittania. Any place where to get those?
Problem is, no one has anymore. US Mint just changed the rules to allow bulk buyers to acquire more if need be, leaving the small guys in 2nd place. Some guy backed the truck up to my friends coin store and bought everything he had, $40,000 worth. Now he is two weeks out on silver!😎😎😎😎😎
As another gold stacked im confused as to what you mean by this. The economy suffered under Donald J grump things are stabilizing much faster under Biden. May I assume you were kidding?
@@gibsonflyingv2820 Inflation bro...INFLATION ! Buckle up, because we are entering an era of utter turmoil, chaos, and instability, and soaring inflation, which is already happening at warp speed, (you tank up lately ?) Not to mention a major tsunami of illegals, and NOBODY know anything about them, good, bad, or indifferent, or how many are criminals, or terrorists. The illegals, by the way will take the already scarce jobs from LEGAL residents, and work for a whole lot less. What do you think that will do for the economy and the job market ... HELP IT? I'm interested to know how record employment constitutes a suffering economy. If you want to count Trump's last year, then YES, the economy suffered big time. So do you blame Trump for the whole world's economy going to hell too, because that distinction belongs to the virus, not Trump, or any world leader. It would have tanked regardless of who was president, and regardless of which country we name. BTW, If I were kidding, I wouldn't have wasted my time posting my comment, nor my reply to you. I hope the world straightens up soon, so you can get back to steady gigging, if that's what you do.
@@meauxjeaux431 No no, you're right. I apologize. I thought you were basing out gold value off of any assclown president. us gold stackers tend not to do that.
Not sure if you already have a video covering this directly, but could you make a video on what you feel are too high a premium? 5% 10%? 15% 20% 30% like I see for silver these days? I still feel like I don't know how to judge when the offered price is a good deal or not. What would make you buy, what would make you skip?
Dollar cost average always favors the long term holders. I found my first 1 ounce Buffalo at 7%. Very excited about that. Of course it will take a minute to show up, but in the long game, that’s no big deal. Keep adding to the pile.
It's funny, to me telling a story about spot going down $200 and low premiums sounds like the rosey fantasy story people would tell to get their links clicked on. Be great if it happened but looking at real world data available to the public I just don't see a reasonable probability of how.
You’ve got what used to be called a great “voice for radio”. If you’re ever short of funds for buying more Bisons I’m sure you could get voice work in advertising.
4:47 I really need someone to expain to me why gold and bitcoin are compared so often. I often hear that gold has no intrinsic value, but is that true? It's an important material in juwellery and people have had a need for their bling for such a long time. Also, the gold price has never, as far as I can see, been as volatile as bitcoin is right now. So maybe the comparison will become more credible to me when and if the bitcoin price has stabelized.
