The market for GOLD fluctuates with the seasons. In this video, I will show you the struggles gold will face in October.
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Disclaimer: I am not a CPA, lawyer, or financial advisor. I am just a guy that loves to stack precious metals. This video is for your entertainment.
Topics covered:
Often we stack silver and gold by working with a silver dealer but today white collar crime impacts the price. Inflation causes prepper reactions as gas price, oil, gold price are at record levels. Silver stacking price along with spot price makes precious metals a likely investment. Does finance and the economy and interest rates make stocks in the stock market a last resort for hyperinflation? Economic news for mining stocks may be a good financial education and choice; though if you are a constitutional silver stacker then bullion like gold coin and silver bars or even silver rounds offer likely alternatives to central banks. What is a CBDC? Is it part of the FED or is the federal reserve simply a fiat currency? People tell us investing in gold and how to invest in gold but not the best gold coin to buy. Do you wonder about financial education, safe haven assets and where to Buy Gold Coins. Getting started buying gold. The final topic is how to buy gold coins, and which gold coins to buy. Plus, how to invest in gold because buying physical gold requires a beginners guide to buying gold. Arguments about the best place to buy gold coins as well as the best gold coin to buy. For your introduction to gold coins, American Gold Eagle, and of course American Gold Buffalo!
28 Comments
just for fun do you measure your pounds in troy or us lbs .
2,100$ is where i cannot affird
Excellent points!!
I just heard that gold from the US is being syphoned to chizzina because of the premiums. Idk. Back the truck up just in case.
Gold is under $2k in Arkansas
$1850.00 was my buy price. Friday, September 29, 2023, I caught it at $1849.90 and grabbed a 1/2 troy ounce AGE. I think you are correct about the 1/2 oz becoming the buy of choice for less fortunate people like me, (fixed income). Yes, trade the silver for gold.
I appreciate your your insights. I myself may trade out some silver for gold as well..TY
So you are going to trade 80 oz. silver for 1 oz of gold. Why don't you wait for 15:1?
At 1:28 "…it diminishes the supply for you and I…"
Simple test: "Milk is good for me" or "Milk is good for I"?
FJB
I don't have a buy price, I just buy as I go. DCA FTW!
From everything I have heard, you are a minority opinion.
You'd sell Silver for gold? CRAZY
Yes gold (+5.99%) has outperformed real estate (+1.45%) in real terms annualised 1971-2022 but in the period 2013-2022 it's real estate (+4.91%) outperforming gold (-0.53%) and silver (-4.89%). Gold and silver are substantially underpriced relative to their historic performance vs inflation, real estate, stocks and bond yields. The buying point for physical gold is whenever you can afford it, our buying window might be closing. Gold trades at a premium in China and arbitrage is accelerating the flow of gold from the west to China. Our financial system doesn't seem to encourage personal gold ownership in the west. Gold is not an "investment" (zero yield) but it is long-term insurance against inflation and fiat debasement
Silver will do fantastic in the long run…but I may not live long enough to see it. In the coming times of uncertainty, the rich will turn to gold and keep it's price climbing.
Trading silver for gold faces the issue of the huge premiums you pay for most silver bullion.
My Buy price is what ever the current price is.
Prudent folks should be buyers of both Au and Ag for what lays ahead as a direct result of decades of irresponsible government spending as related to excessive fiat money printing, reconciling expensive lost foreign wars, and failed foreign trade policies.
If you are just entering the precious metals market, buy what you can most comfortably afford. My favorite PM purchases are 1-ounce Canadian Maple Leafs and 100-ounce Silver bars, and both should be purchased respectively in .9999 Fine and in 999.9 Fine. When you purchase fractional ounces and grams of Ag and single ounces of Ag, expect to pay higher premiums over spot. The goal should be to save as much as possible when purchasing any PMs. Another strategy is to buy 90% Ag junk coins in face value lots.
Avoid purchasing expensivly graded, special edition, Au and Ag coins in MS70, MS69, MS68, MS67, MS65, MS64, and MS63 grades and focus on those low premium new 1-ounce Canadian Maple Leaf coins and not the more expensive American Au bullion coins.
Save regularly and check two or three sources before buying. Don't be afraid of dollar cost averaging over time, and don't be discouraged if the spot falls backward, and always take advantage of free shipping. To buy and to hold should be your main creedo-goal, as Au and Ag are actually money, not those fiat paper bills in your jeans, your money clip, and your wallet.
Well, that is my $0.02 worth.
I did the same as yourself, swap my silver for gold. It just make sense
Anything below $2,000 will show a yield in the next five years that will be equal to the inflation rate x2 at least, in my view.
Won't touch it until it goes below last year's low, nothing got better since, nothing but speculation drove the price increases since, now all this has to get undone and than some before I buy another ounce. I've been waiting for this since the hype started last year with that 50 milion purchase rumor. Lots of speculators got involved drove the prices up, premiums too, now the gig is up and they're all dumping to pay the loan they took out to buy the shiny stuff.
Just recently I got some silver, couldn't stand the itch anymore, last silver I purchased the year prior was $19.35/ ounce, and i bought it at spot too.
Won't be making any significant purchases until were below last year's low, there will be plenty of time to accumulate.
I think gold will see big gains soon with all that's happening in the world……
I bought another ounce today
in Canada a gold maple leaf it at 2.634.57 to day at the coin shop a gold bar is 2.619.57
THE MILLION DOLLAR COIN?? The Obverse Side Of The 2023 American Liberty High Relief Gold Coin Has Several Unique Images All Throughout The Bristle Cone Pine Engraving. A Jeweler Confirmed This When He Used A 10X Loupe And Found SEVERAL Of These Suspicious Images And He Is Currently Investigating Their Meaning. The Question We Should All Be Asking Ourselves Is, What Is This Coin REALLY Telling Us? I, Myself, Enlarged The Image From The US Mint Website On My Computer, And Used A Magnifying Glass To Make The Small Details Of The Engraving As Visible As Possible And Found Several Images Myself. I Am Still Trying To Figure Out What The Heck The Designer Is Subliminally Trying To Tell Me. This Is A Fun Head Scratcher. ALSO, Let’s Talk About The Amazing Eagle On The Reverse Side Of The Coin. It Is Already Considered The Best Eagle EVER On A Coin Issued By The US Mint. A Million Dollar Coin?? As The Wise Old Chinaman Said, “We Shall See”… “We Shall See”.
$1,200 to buy.
Costco is selling out of its 1 oz gold bar. Limit 2 per person. The general public is starting to notice. It's only a matter of time.
mmm,let me see…a horde of silver or a hoard of gold? do it! make the trade! then start your silver collection up again when silver tanks. I would stack all my gold in the middle of my living room ,get the insence burning on a thunder driven night and dance around that pile like a crazy man laughing and dumping champagne over my head. To own alot of gold is special and has been since before the conquistadores. dreams of gold is what you want. no dreams of women,just gold.
It not how the the value of gold and silver have grown, but how the dollar has lost it’s value. From 1913 to today, the dollar has lost close to 98% of its value.