In this video I talk about buying gold coins and a mistake I made when I first started investing in physical gold. If you are wanting to buy physical gold then this is the video for you. The larger a piece of gold is the smaller the premium on that piece of gold is typically. This goes for gold coins such as gold krugerrands and gold eagles as well as gold bars. If you want to pay the lowest premium and get the most for your money they I advise buying gold in the 1 oz size. When you buy a 1 oz gold coin the total cost will run you just over $2,000 today, but the premium you pay for the gold will be significantly lower compared to fractional gold. Below is my video on trading silver for gold:
When to Trade Silver for Gold:
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Topics I cover in this video: gold coins, gold coin, buying gold, buying gold coins, gold krugerrand, gold krugerrand coins, gold krugerrands, gold eagle, gold eagle coins, american gold eagles, investing in gold, gold investing, physical gold, best gold to buy, best gold for investing, gold mistake, mistake buying gold, gold investing mistake, what gold coins to buy, best gold coins to buy, best gold to buy, best gold to invest in, best gold coins for investing, worst gold to buy, worst gold for gold investing, gold bars, gold bar, investing in gold bars
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20 Comments
What's with all the plastic?
Buy from your lcs….. NOT SD BULLION
Another great video! Great advice. Best to save up for 1oz or at minimum 1/2oz
I don't believe it was a mistake! You'll make your money back sometime in the future when gold will be used for currency and/or bartering!
Yeah, I'm just stacking silver but I am stacking platinum too.. Not much though.. Just want to get to 5oz or so
Great video brother thanks for the info
Yes you made a mistake.
Send them to me for proper disposal 😉
Shiny metals will save your soul and fill your stomach … in times of famine, people will DIE for your metal …
should not round until the last step. I only buy 1Oz. Started with Brits
Nope
Was it a mistake or part of the learning process? There are valid reasons to get smaller fractional gold in spite of the premiums, but if you're looking to maximize your gold purchase buying one ounce is almost always better. Thanks!
Thr problem that we have in the UK with buying silver if you cannot afford gold to start with is silver is taxed here at 20% so add the dealers cut and it would tack you a long long turm to even break even on buying silver gold is tax free so if you have plenty of money to start with its not a problem.
1800 George 3rd GUINEA 22 carat gold 91.67% pure Diameter 17mm . 2.8g selling for in UK £185.00 depends where you get it. 1908 GOLD SOVEREIGN ( GVF ) MELBOURNE MINT 7.98. Pure gold £425.00 so I prefer Guinea or Sovereigns nothing modern it's a antique and wil increase in value.
Was the gold to silver ratio over 60? Then yes.
i buy one 1/10 and 1/4 age’s each year. but that’s just the collector in me. everything else is one ounce buffalos or 1 oz age (i don’t mind paying a little more for eagles and buffalos)
1 oz all the way. It then makes it easier to work out your portfolio value. 60 oz x price =
I switched out all my foreign gold for American Gold Eagles/buffaloes, I kept my libertads but ya all us for me great Video 👌✅
Hi silver dragon, hopefully you see this comment or if anyother fellow gold stackers can help me out, but I have seen better prices at Liberty Coin in Huntington, California. Has anyone ordered from them before, they are legit but needing to get opinions from others. Thanks 👍
I'm happy to stick with silver for now. It's the only viable option for storing wealth. But if the chance to buy one ounce of gold pops up, I'll certainly take it
Buying old European fractional circulated gold coins (90% or 91.67%) is way cheaper than those modern Britanias or Eagles and you will get more gold for your dollars at buying and when you sell you probably will get spot for both options. So, why would anyone buy modern normal bullion when you can get historical coins struck more than a hundred years ago and the 90% versions of those coins are even more sturdy and heavier in weight due to their silver added content.
Britanias, gold buffalos and eagles sucks (most dealers would pay you spot or maximum $20 over when reselling) but old gold sovereign or French Roaster or German 20 Marks are not being made any more (fixed supply means value may go up in the future) and they are sturdier and man these coins are more than 100 years old.
(You will get between %95 and 100% of spot price when reselling them) yet you will pay only 4% or 5% over spot to get .1867 oz or .2304 oz or .2354 oz of gold for those historic coins. And they are still government coins backed by respective governments of United Kingdom, France and Germany.
I started to put money in a gold ETF regularly. And when I have saved enough, I sell some shares, visit a coin show and buy a 1oz gold piece. Making sure buying and selling the ETF is free of transaction fees and it has a low expense ratio. With this I have more gold exposure and I save a lot on premiums.