The Best Way to Buy Gold 

Hey, SB! You wouldn't be able to convert it to gold, though! You could probably find a buyer for silver today at inflated pricing because of the hysteria, but you wouldn't be able to find a gold seller willing to part at flat value. You'd be dealing with the same overvalued situation on the other side of the transaction, and you'd still be paying premium twice to get gold once.

(To be clear, I don't give anyone a hard time about buying and selling silver on its own.)

@@2is1gold there's tons of buyers right now begging for it on the Facebook group's. If you haven't joined one you should because there's also major dealers on there selling cheaper than major sites.

🤜🤛

Basel 3 28 June 2021.

That’s hilarious! You, me and like two other people got that! 😂

Yeah, silver is a bad intermediary. If you already have it, great. But buying silver to get gold is an expensive path. Thanks for watching!

It’s a one way road for me too. Cheers!

I agree on premiums - it's crazy! A lot of people would say, though, that the premiums are so high because the spot price is lagging behind futures.

Thanks for watching. Cheers!

Yeah. Gold isn’t the way to make money. It’s the way to store money. Thanks for watching!

@@2is1gold You can say that over and over and some will never hear you. PM is an insurance against loss of buying power. It is not an investment medium. That insurance occurs over a long period of time, because it does not track in a linear fashion. Furthermore, I agree with you that buying silver with a future plan to sell and buy gold as/if the GSR narrows is not a sound plan. There are no guarantees. Buying both metals for their own virtues isn't a bad idea. Playing the metals as a diversification strategy is ok.

BIBLICAL POLITICS true. Gold has a lower premium until you get down to 1/10 oz coins. (A 10oz silver bar would have a lower premium.)

I would try to resell on Craigslist if I ever wanted to sell.

Christopher Engell hopefully, that and then some! Who know, though? There’s a lot of price manipulation in precious metals.

Ha!

Yeah, that's a good point and an even larger spread than it was when I uploaded this video. Cheers!

Damien Montrovant the really sharp few! 😄 🎲 🧙‍♂️🐉

I've only played once but I appreciated that. I heard a miner say recently it's coming out of the ground now closer to 10 to 1. But take that all with a grain of salt. I think the GSR is only for real pros/people dedicated to learning about the metals. Most people are better off buying a bit of gold and maybe some fractional silver. Silver is nowhere near its next high. It will likely increase in price just from industrial demand once Covid ends and as electric vehicles and renewable energy becomes more common. But it's also not as cheap as it used to be, and if you buy towards the high you can spend a long time waiting for it to go up again.

@@2is1gold ...the good old early ‘80s days of D & D! 🪄🧝‍♂️ 👑 (How much were those little cast iron figures??? 💸 )

(Hint: gold) 😁

You’re looking for an “American Gold Eagle” 1 oz coin. I’d check prices on SD Bullion before buying from APMEX. Good luck!

DW yeah, definitely a great point. The GSR is a lot different if you consider actual price. The premium on silver was a lot lower in the February timeframe I used for estimates.

I cringe looking back at my videos! :) You're right on with silver. It seems to zig a little too often. I prefer sticking to gold. Cheers!

Thank you, and welcome!

I would buy 1 oz Buffalos and/or Eagles, personally. JMBullion has Buffalos for something like 6% premium at the moment. (I might consider a few Canadian Maple Leafs as well for lower premium.) SDBullion and APMEX are other online sites to check. Good luck!

Ty👍🏻

Did you catch that I was referencing prices from February? In normal times, I could get a Buffalo for $75 or $80 over spot at the LCS. Prices at APMEX are always quite a bit higher than they are at my LCS options, but it’s worse now. Online (APMEX) a week ago, it was $200 over. The upside of ordering online is getting exactly what you want.

Silver is a weird one. I'm not sure futures or current demand support it right now - people are paying crazy premiums right now - but it'll be wild if your GSR prediction happens. I don't even think of silver relative to gold at this point. Gold spot seems to be a bit of a leading indicator of where it _might_ be going. But it's so heavily manipulated, it's hard to tell.

I still have a few hundred ounces of silver, primarily in bars, but I have no real attachment to it. I don't think its future lines up with gold. Thanks for the comment!

I wouldn't.

Me too, but I’m not real optimistic on silver. I could be proven wrong, though! Cheers!

@@2is1gold I think I agree with you on silver. My reasoning is that it's simply not something people talk about much. If less people talk about it, less will think about buying it. Gold on the other hand I am very high on. I strongly believe that there will be an economic crash (maybe a depression) relatively due to how Covid has created a situation where there is both an increased demand for things and an increased supply at the same time, something never seen before. That is a disastrous combo and the fed pumping trillions into the economy is doing nothing but delaying the inevitable as it's not doing anything to increase production. Wallstreet believes that people will start spending again once we have Covid under control, but most likely this isn't the case. A lot of people are going to be scarred from losing their income during Covid (and all the consequences that came with that), and will save a lot more than they did pre-Covid once they have their income back. If enough people react this way, which I think is very very likely, there will be no rebound and we will be stuck in a depression, perhaps worse than the Great Depression. This will cause many to lose faith in the dollar. It's always great to have gold before a crash, but I think the price is going to spike more than we've ever seen before this time around. Because of the rise of Bitcoin, a lot of people that never thought about alternative currencies before are now aware of the fact of the existence of alternative currencies. Because of this a lot more people will be willing to leave the dollar when the crash happens, simply because more people are aware that this is something they can do. The increased public awarness in alternative currencies due to bitcoin also means that a much higher percentage of people will be thinking about investing in gold too. All this info combined means that a disastrous crash is inevitable, and that the price of gold will skyrocket more than ever seen before whenever it happens. I am pretty confident this is what is going to happen. The V shaped recovery that Wall Street is hoping for is most likely wishful thinking as they are not taking into account that many people are going to save more money than they ever have before. This is what happened to people that lived through the great depression and it will happen to people that lived through Covid. Long story short, there has never been a better time to invest in gold than at this moment in time, right now.

Yeah, it’s crazy. Fractional coins look better and better! Cheers!

@@2is1gold true ,higher premiums but overall number doesn't look as intimidating 😄 ! Cheers mate !

Things got expensive fast!

Great points, Brooklyn. I'm not going to dispute the fact that you can make it work, and anyone watching this video should read your comment. It's a great example. That said... I was buying silver beginning in 2009 and had enough to feel the run up in 2011. I can tell you (and maybe you were there too) that when silver was at $48, everyone was saying it was on its way to $80. I didn't want to sell it - it was finally doing something. That hype stuck well into 2013 when I sold enough to reclaim some space in my safe. Since 2013, the advice that's been very energetically given is that silver is undervalued - buy buy buy, it's going to the moon. IT HAS NOT. It has stayed flat with a gradual decline for eight years. If I could go back to 2011 when silver was on its way up, I would ignore it and buy AMZN and AAPL. That money would have increased 2,000% whereas silver would have possibly gained 100% if you timed it perfectly and sold. If you missed the 6-month window and held it, like a lot of people did, it would have lost all of its gains and taken you 25% into negative territory. It's very hard to time volatile investments. Silver is typically a slow, negative burn. When it is volatile, it's fun. It's easy to get caught up in the swell of excitement. That makes it a terrible investment vehicle (for me). I have bought a few 10oz bars recently and may buy a few more (at $1 over spot per ounce), but this is the best I've felt about silver in eight years. I'll likely convert that to gold. So, in that sense, I could say I'm playing the GSR on these few purchases, but there was a lot more going on with the purchases than the ratio. I appreciate your comment. Lots of good info - thanks for taking the time!

Silver is $25.50 today. Gold is $1,814. GSR is about 1:71. The premium on silver is much higher, though.

@@2is1gold nice that make sense. So what was the highest gold has ever made at spot value? $1950?

Krugerrands are the fourth most common resold coin at local coin shops where I live (Eagles are the most popular, Buffalos and Maples are next and about the same, and then Krugs). I have one. I'd agree that they're a smart purchase. I just don't like the copper tone of the coin.

Jimmy Green I struggle with that a bit. I used an automatic optimization for this one rather than tweaking it manually. Thanks for the feedback!

Thereabout.

Thanks for watching!

Glad it was helpful!

The GSPPR? Gold to Silver Plus Premium Ratio? :) I agree that sunk cost is the right way to factor conversion.

Eli thanks for stopping in!

InfidelMetals thanks for checking it out! Glad to have you.

You bet!

Playback speed :)

Jay Fedaiy thanks!

Definitely reminds me of 2011. I think there are some unique conditions this time around, though. I don't see gold being valued at $1,200 in seven years. Thanks!

@@2is1gold crazy how the premiums have outpaced the price due to demand. Everyone is holding. It’ll be interesting to see how all markets react after election.

@@bigkanak797 the premiums are frustrating. The dealers are having a banner year with premiums _and_ volumes up.

👍

PBS #007 I like APMEX.com

Thanks for the information. I’m interested in the liberty gold coin double eagle that’s labeled $50. I checked this recommended site and it only has some labeled “double eagle” with only one eagle on it and I don’t see any labeled $50 like you showed in another recent video. Does it matter if it only has one eagle and is labeled $20. Is this more or less valuable than one with two eagles and labeled $50? Thank you so much for the time. Great information!