SO CRAZY , has a channel that most coin content creators would give their left , um , finger for and hasn't made a video for 4 months ... hope all is well ... i wish i made videos as good as yours , thanks, jes
This Is One .99999 Fine Video Sir., liked and watched it twice. Also love reading all the comments, it gives me hope for America. “Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants, but debt is the money of slaves.”― Norm Franz Thanks for the excellent content Sir.. Life is good.....God Bless
@@CampbellsCoins I disagree. Most people purchase only one ounce at a time and that is the way most people sell them as well. More people sell one ounce than 2, 2 ounces than 3, 3 ounces than 4 ...and so on. The mass of the sale gets more rare the higher you go...which only makes sense. It would not matter to anyone I know how many physical ounces they sold...nobody is reporting it. Everyone I know takes care to avoid reporting triggers by dealers when they buy...and so do the same when they sell.. Can I justify it? Yes. Inflation is a hidden and immoral and illegal tax perpetrated upon us. Therefor the .gov has no claim to my hedge against it.
I'm with you completely, I'm willing to sell a lot of my silver if it increases my stack in the end but my gold isn't getting touched, just because it's not financially smart for me to, even when spot goes up. I'm not holding off on buying till it drops so I'm not selling towards the top either. I just get whatever I can whenever I can an DCA in. Great points brother
Selling gold is always a last resort for me, first id dip into my fiat reserves in my bank, then id sell my stocks, and finally if it comes to it id sell my gold.
Yep , some people get off on telling other people what to do , maybe they think it makes them look smart but more than likely it’s just the crack talking , yeah arse crack cause they are the real A holes 😂 . Good video , keep them coming 👍
I was just looking for a video I put out on this topic, but I can't find it. Did it about 2.5 to 3.5 years ago. I polled my IG audience what price would they sell their gold. Pretty shocking results, something like 70% of stackers were selling at $5k. There isn't a price per se, I'm more looking at gold's value in relation to other assets.
I won't part with any of my Gold. If I add any gold to my stack ( which has been a challenge ). It goes into my old citizens bank safe and stays there. if I have to part with some silver I will in order to get more gold. but that's only if I don't have any other options left.
Thank you for this video. We are new gold and silver buyers and really appreciate this simple breakdown of buy/sell premiums and spot price along with the tax implications.
I like the no-nonsense approach, but you left out one very very important factor in precious metals IRAs. A precious metal ira the individual cannot take possession of metal. It must be held by a third party and then you're paying storage fees that is definitely going to eat into your profits over time. Edit.. I misunderstood the nature of the commentary, but my comments still hold true. You cannot take possession of your precious metals, you must pay storage fees for a precious metals IRA.
Appreciate it! I think you're mixing up what I'm talking about. I'm not talking about using a precious metals IRA. Those are 100% worthless. I'm talking about having a Roth IRA and trading stock, GLD and SLV. All while keeping your physical precious metals. So, one can still profit from the the ups and downs of gold and silver without parting with their physical stash.
@@CampbellsCoins indeed then I did misunderstand. years ago I traded a gold buffalo and some cash for a collectible coin. The value of the gold then was $850. Lesson learned. Since then I will never part with PMs again.
Selling gold SUCKS. The premium you paid? Sorry, pal... The spot price? Good luck getting it. If I needed cash quick, I'd probably take some gold to a pawn shop. But I keep cash on hand so I don't wind up facing said scenario.Have a merry Christmas, CC!
@@CampbellsCoins well I sold a couple of small gold coins and 6 oz of silver $712 that helps! But I went back the next day and traded my raw 1908 no motto Saint Gaudens (cleaned $2000 )and $500 worth of my silver for a 1908 no motto MS 65!!! "Wells Fargo Nevada gold" piece that's what the label says the NGC slab! So it's labeled that way because it was in the bank bag? This is the finest $20 gold piece I've ever owned slabbed and graded I'm very happy I did that!!!
My gold and silver is for people alive when im dead, i get to enjoy looking at it, and my loved ones get to enjoy reaping its benifits when im gone, or hopfully they can just look at it too
Haha, you just reminded me of what my mom said to me as a kid, "we don't live in SHOULD land". Thank you SH, you're one of my favorite voices on YT. Appreciate you. 😎
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I buy gold and silver as a special way to give my kids under the table money when i pass on. I tell them they all get a share, if you want to keep your share and add to it to pass on to their kids, do it. If not sell it all under the table.
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I'm not selling anything either. When you talk about RU-vid lies, I often wonder about this. I have been noticing some "stacking channels" don't really ever seem to be stacking. Honestly, I think that's why I started opening packages many times a week on my channels. I never want people to wonder if I'm REALLY a stacker or not. Side note, I can't find the video you speak of, but I am curious.
thanks cc, this is a topic that more youtubers need to speak to. Its never said that some of these guys are really lcs owners or ebay sellers, or if they truly own thier stacks that they are showing off. then they throw out a narrative of gloom and doom or fomo. you are peeling the skin off the onion cc. thanks again for your help.
Bro, I don’t think I need to tell you that if you consider your gold as your insurance plan and some symbol of freedom.. you ain’t never gonna sell, and that’s fine, but most stacker RU-vidrs have a buy and hold attitude. Maybe you’re watching the wrong degenerates on RU-vid, but perhaps selling at ATH isn’t such a bad idea, look a few days and gold got its haircut
I personally don't get hung up about the use of the word "investment" as it pertains to precious metals. Investment can have a widely varying meaning to people. For instance using it to describe "investing your time into ____." Or investing your energy into a hobby etc. It's just a word and its definition isn't absolute... at least for me. Great video, thanks.
Hey 👍 CC I actually recently sold one of my foreign Gold coins not out of a need for cash, but I wanted to take advantage of the spot price spiking so could get my money out of this specific coin. I really didn't want it anymore and I've put the money aside for my next Buffalo anticipating a dip in spot. I'm not yet at my desired price range but I'm patient 😌
Absolutely nothing wrong with doing what you want with your stuff bro. Especially if it's trading up. A buffalo, is certainly trading up. Gold has been above $2000 for a decent time, more than we have seen. It's exciting. You might be waiting a bit, but who knows? I got that CA gold 1oz piece in October or maybe late September for $10 over spot and I think that was the last time I saw spot gold consistently under $2k.
Most people qualify for zero federal taxes on capital gains held for at least a year. Just buy and sell what you need to live, and you'll likely only owe State taxes.❤
Holding and acquiring gold = position of wealth and strength. Selling and lessening your hold of gold = position of weakness and inability to help yourself and/or others. I've bought and sold gold on a minor basis. Overall, I'll never sell my gold.
There are specific reasons to sell a majority of your gold. I remember 2is1 saying he sold off a chunk of his gold to purchase an investment property. The income from that property was then used to replenish his gold stack. Great idea IMO
It's actually a terrible idea for investments, especially if you're flipping gold as often he mentions. Because you're taking a hit when you buy and sell your gold. Your dollar cost average suffers and becomes extremely high and then you're taxed by uncle sam. Just use cash, keep your gold and build your gold stack.
@@CampbellsCoins I don't believe he flips gold. He's a serious gold stacker and sold that one time to buy his investment property. I could be wrong, but that's the impression I got watching videos.
@@PeaceandQuiet4 Doesn't he advocate for holding cash too? He references selling gold quite frequently. I wonder why that is. It literally makes no sense to sell physical gold unless one bought heaps of it pre 2009 and 2018. And even then one is dealing with capital gains. Maybe if one ran out of cash and needed an extra push, would they sell their gold but there are too many hits selling gold.
I don't know if he holds a large amount of cash or not, it's been awhile, but it makes sense to hold some cash in addition to metals, stocks, etc in varying amounts. As with any investments, you'll have to pay taxes when you sell. My accountant keeps telling me paying taxes is a good thing, it means you made money lol. He's talking about W-2 earners of course, which applies to the majority of us. I guess it depends on the time horizon buying the property. If you plan on buying a property in say 10 years, where are you going to put your dollars to save? Maybe some in stocks/ETF, precious metals, cryptocurrency, etc. The percentage varies and changes as you get closer to the date you're buying the property. Meaning, as you get closer to the date you're buying the property, you'd want to convert your investments to cash. The point is, selling metals isn't a bad thing if it's used to make more money that can then be used to repurchase those metals. You would not want to sell all your metals of course. And, there's no way getting out of paying taxes if you are W-2 earner. The rich aren't W-2 earners, hence, the reason they pay little to no taxes legally. Thanks for the dialogue. I enjoy your channel. @@CampbellsCoins
I follow 2 is 1 and never once got the indication that he was a gold flipper or seller. I only follow 2 RU-vidrs, you and 2 is 1. That’s because I appreciate both of your views on stacking gold for wealth preservation, a legacy to your family and insurance among other reasons. 2 is 1 is a good guy. Jump in there and listen occasionally. I feel like you’re both on the same team.