Gold Stacking Tips & Strategy for 2024 – Gold Bullion investing?

These are my Gold Stacking Stragies and Tips for 2024.

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On this channel we talk about silver stacking, silver price, gold stacking and gold price. We talk about silver bullion and gold bullion.

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I am not a professional financial adviser or consultant, the content is my opinion or the opinions of customers in my store.. This video is for entertainment only. Please consult your investment and tax experts for financial advice. Do your own research!

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Welcome back to the channel guys so it’s 2024 the year 2024 can you believe it and uh I’d like to know do you have a plan or what’s your strategy for stacking gold stacking gold bullion in the year 20124 do you have a plan do you

Have a route you know what you want to do and um I’d also like to know what your views are on uh the future for gold so let’s talk about this for a few minutes I’ll be right back so it’s the year 2024 and uh stacking gold is quite popular at the

Moment and um I get asked questions all the the time about what’s a good strategy what’s the route to go specifically for stacking gold and uh not silver silver is a whole another uh whole another topic and uh unfortunately it seems like silver uh is not the hot thing right now

Uh it’s it seems that a lot of interest has been lost but that’s okay that’s a whole another topic so talking about gold and uh I’m going to tell you uh what I think and uh the different tips I know and uh tricks maybe and we’ll take it from

There first thing you need to ask yourself why do you want to Stack gold do you have a reason for it um have you watched YouTube videos or done your research uh I always Advocate doing your own research because unfortunately there’s a lot of uh information out there from online sources

That it’s probably not accurate so I suggest do your own research but first thing you need to know is why are you getting into it what’s your goal with it and if it’s to get rich quick I would say that’s not why you should be getting into it so lately I’ve

Noticed a few of my customers senior citizens that have um my opinion been duped or suckered into these ads uh they see on television or in Publications to uh invest in gold and um un unfortunately they’re going to lose money unless they hold it forever which hey if you’re a senior citizen you

Probably don’t have forever to hold on to the gold but the amount of Premium or the the price above the gold value they’re paying for it is really really high and it’s pretty much uh it’s pretty shady what they’re doing in my opinion and I feel bad for the people

When they do come in and they invested this way well they call it investment because it’s not really investment is it uh gold and silver is an insurance policy it’s a hedge uh technically against inflation and the dollar losing value so these are just companies that have great marketing they

Have u a lot of money behind them and they’re pumping out these commercials these infomercials and they’re targeting senior citizens and all they’re doing is basically taking their money they’re stealing their money so uh if you could it’s best if you have one nearby a reputable local coin dealer is always

The best in my opinion and it’s probably the best prices some of the online dealers you can get some good deals on there’s three or four of them I believe are real reputable and uh there’d be no problem uh ordering from them but I’d stay away from those infomercial type

Stuff so me personally I don’t like anything with high premiums and if you don’t know what that means High premium the premium is the price above the market price for gold so if gold is 2,000 ounce and a dealer may be charging $100 above ounce so it would be 2 2100 at per

Ounce um that’s a premium but unfortunately it’s very very rare that you could buy anything at the spot price the spot price is the current market price for gold that’s uh very very difficult to do um even for me as a a dealer usually I don’t get it at

Spot sometimes I do depending on the market conditions I buy at spot and sometimes even a little bit UND spot it just depends on the current demand but uh me personally I like to buy gold as close to spot as possible so I’m going to go over a couple of these uh

Coins and some of this bullion on this tray here and I’ll tell you my opinion about it um for example these pamp Swiss gold bars these are 1 o gold bars they’re basically considered considered generic but I mean generic they’re not coming from a government uh controlled treasury or

Mint so they’re just coming from a Refinery uh these generally speaking they have the lowest premiums they’re uh usually as close to pretty close to spot but this is the kind of stuff that I personally like uh because I am a bullion dealer I’m a

Silver and gold St backer and I’m not in it uh I’m not a collector so to me this stuff has nothing to do with collectibility uh it’s two different things being a collector and being a stacker I mean you could be both but if your strategy is to add gold to your uh

As an insurance policy to your uh strategies um I would stay I would I would personally stick to the lowest premiums possible but um there’s some other stuff these are actually these are foreign coins or from different parts of the world not from the United States and these are what would be

Considered fractional gold because uh they’re under an ounce they’re under 1 ounce and they’re great to have if you could pick it up if you can get it any deals on them on it or near spot near the market price they’re they’re a great buy uh there’s reasons for it I’ve

Talked about it in other videos but usually the premiums are very high on these very very high premium so normally it’s not a good idea to buy them in my opinion of course if you think Gold’s going to 10,000 an ounce it doesn’t really matter but um if you get any

Deals on these you know close to the spot price or something in comparison to that in spot price they’re a great buy if you can find them um then you get into other stuff this is uh not generic this is a gold 1 o Gold Eagle and

Um this is probably going to have the close to the highest premium um most dealers on this right now are between $75 and $100 above the spot price and that’s right now uh a little while back premiums were really really ridiculous and I some of the place some

Of these places were charging 200 bucks 200 bucks above the spot price which is crazy uh this is another American product this is a graded coin and I don’t generally like graded it’s 1 o pure gold and but I don’t generally like grading stuff or graded coins because

It’s becoming kind of a collectible you’re going to have a higher premium on something like this usually uh these are this is a popular coin but uh if it were me I wouldn’t buy them I mean I I have one because I’m a I’m a dealer but I for

My Personal Collection I would not buy it so I would stay away from this because you’re paying a bigger premium because it’s graded then you get into the older stuff uh pre 33 gold now this stuff has a actually this stuff has technically a higher premium much higher premium than these Gold

Eagles because it’s it’s old I mean it’s a vintage antique gold coin uh Supply in the future will probably be very limited I believe a lot of this stuff was has been melted down by these cash for gold type places that had popped up over the years and I believe

That they did not care about anything uh intrinsic or or collectible in any way and they just wanted it for the gold so I believe they melted a lot of these down and I I believe it’s a good longterm this is to me is more a collectible more an investment than a

Hedge and uh I like them I think they’re beautiful but uh if your goal is to just stack some gold right now this is probably not the way to go uh if you’re a collector that’s great but that’s my opinion and same with this this is this

Kind of stuff these Indians have a really really high premium this is another pre 33 gold and then if it’s just gold and this argument EXC excuse me has been made uh many times by a few of my customers and a few of them only by this stuff this is high karat gold

Jewelry uh this is 21 or 22 karat gold uh usually made in the Middle East or uh India uh sometimes over the Asian countries and uh the theory behind this was is that it can’t be confiscated because basically it’s jewelry and what I mean by confiscated back during the Depression

Era uh the United States made owning this stuff illegal basically but this they didn’t touch so I get their point uh the problem with this stuff is when you buy it you’re going to pay above spot unless you get a good local dealer that’s willing to sell it near spot but

When but when you go to sell it to a dealer the dealer is going to look at it as just scrap and uh they’re going to pay you well under the gold price to get it but it’s it’s an idea to think about I mean if you’re worried about that possibly

Happening it it’s a good idea maybe um I personally don’t want it but you know that’s just me so what I could tell you guys is is uh these are my these are my theories and my tips but you know do your own research uh figure out which way you

Want to go and then uh keep yourself updated and uh we’ll take it from there thanks for watching guys I really appreciate you taking your time to watch my videos please like And subscribe I appreciate that too and if you have any of your own tips or tricks or what do

You think’s coming with gold in 2024 uh please leave them in the comments you know let’s help each other in the community I believe it’s a fairly small community and uh we should help each other so if you have any tips or trip tricks please leave them in the comments

And until next time uh we’ll talk later thank you have a great day