Buying Gold = Terrible Investment? (2010 AGE)

Please Subscribe to my Legacy $tacker Channel!
https://www.youtube.com/@legacystacker/videos?sub_confirmation=1

Today we discussed the Bankrate article entitled, “Why Buying Gold at Costco is a Bad Investment and What To Buy Instead. We also reviewed the 2010 American Gold Eagle coin. Please join me on my journey to leave a legacy!

Join my Legacy $tacker channel to support my channel and access perks:
https://www.youtube.com/channel/UCBH0CPnBJAYzQOQw6iaVg0Q/join

Legacy $tacker’s Channel😎
https://www.youtube.com/@LegacyStacker/videos

💖 @LizaJane84

🥇 Buy Precious Metals at SD Bullion:
https://shareasale.com/r.cfm?b=1531669&u=3053256&m=96929&urllink=&afftrack=
SD Bullion: Silver American Eagles: https://shrsl.com/3dktl
SD Bullion: Gold American Eagles: https://shrsl.com/3dktr
SD Bullion: 90% Constitutional Silver: https://shrsl.com/3dktt

📩 Do you have a question you would like answered?
If so, please send email to:
LegacyStacker01@gmail.com

📩 Do you want to send me something? Or do you want to do a sticker swap?
My postal address is:
Legacy
8700 Astronaut Blvd., Unit 1127
Cape Canaveral, FL 32920

*** Recommended Books ***
📖 (I’ve read many books – These are the books which have helped me succeed)
📗 Rich Dad Poor Dad (#1 Best Selling Finance Book of All Time! This is where it all started for me!)
https://amzn.to/3nTRJQo
📘 Tax-Free Retirement (Learn about Life Insurance as a Retirement Investment Vehicle!)
https://amzn.to/310Sxdo
📙 The Automatic Millionaire (make it automatic)
https://amzn.to/30WjoYp
📕 Quit Like a Millionaire (Financial Independence Retire Early)
https://amzn.to/3oCC7Rd
📔 A Guide Book of Morgan Silver Dollars (Best Morgan Silver Dollar Book!)
https://amzn.to/3l6SKmr
📕 The Guide Book of United States Coins 2022 (The “red” book, a must for any coin collector!)
https://amzn.to/3l9ChxC

*** Coin Supplies ***
✅ Direct-Fit Coin Capsules and Clear Tube
32mm 20 Direct-Fit Coin Capsules with Clear Tube (Fits 1 oz. American Gold Eagles, American Buffalos): https://amzn.to/3cTTLd8
38mm 20 Direct-Fit Coin Capsules with Clear Tube (Fits 1 oz. Morgan Silver Dollars, Silver Maple Leafs): https://amzn.to/3p0sc7C
40mm 20 Direct-Fit Coin Capsules with Clear Tube (Fits 1 oz. American Silver Eagles): https://amzn.to/3CXUhRP

📭 Coin 4×8 Bubble Mailers (pack of 50): https://amzn.to/3B7jr0S

✅ Silver Coin Tubes – 5 US Mint Tubes (for American Silver Eagle Stacking, build you monster box 5 tubes at a time!): https://amzn.to/3nTQ79a
✅ Silver Coin Tubes (Numis)
Dollars (10 tubes): https://amzn.to/32PSMZM
Half Dollars (10 tubes): https://amzn.to/32RpZUt
Quarters (15 tubes): https://amzn.to/31ldRus
Dimes (10 tubes): https://amzn.to/3zkd3CG
Nickels (10 tubes): https://amzn.to/348EwM4
Pennies (10 tubes): https://amzn.to/3zkei4O

✅ Coin Box (1, 10, 20, 25, 30, or 50 PCGS or NGC graded coins): https://amzn.to/3LnTWxo
✅ Coin Boxes (20, 30, 50, or 100 PCGS or NGC graded coins): https://amzn.to/3srsEgL
✅ Water Proof / Fire Proof Bags: https://amzn.to/30WZrkg
✅ .30 or .50 Caliber Ammunition Can (Metal- Water Tight – Can be used for Precious Metal Storage): https://amzn.to/2ZrqL9r

*** Emergency (prepping) Food ***
🍞 Augason Farms 30-Day 1-Person Emergency Food Supply
https://amzn.to/32DUc9t

Disclaimer:
Although I have done my own research, and also talk about my own unique experiences on this channel, I am not a licensed financial advisor, nor a licensed tax professional. This channel should be watched for educational and/or entertainment purposes only. I am not liable for any losses suffered by any parties. Please do your own research and consult with a licensed financial advisor and/or a licensed tax advisor before investing any of your own money in any investment vehicle.

By watching this channel, you are releasing me from any liability due to any and all loss you may incur, financial or otherwise. You are also releasing me from any liability as it relates to any injury or damage, financial or otherwise.

I offer no warranties or guarantees as to the accuracy of any information on this channel. Please keep in mind that precious metal spot prices, stock prices, and the real estate market change daily and can fluctuate. As such, any information you view on this channel may be inaccurate by the time you watch it.

#Coins #Finance #Silver #Gold #PreciousMetals #MorganSilverDollar #PeaceSilverDollar #ConstitutionalSilver #NinetyPercentSilver

Hi my friends and welcome back to the channel I’m Legacy stacker you may have heard that Costco is now selling gold and American silver eagles I made a video on it last week so this is a follow-up to that video and while I was looking into it I came across an article

By bank rate with the title why gold at Costco is a terrible investment and what to buy instead and I wanted to dive into that today let me know down in the comments would you buy silver and gold from Costco I think it’s great that more and more people are getting into buying

Precious metals but do you think the average American is prepared to safely take care of and safely store gold and silver let me know down in the comments at the same time today we’ll be reviewing the American Gold Eagle from 2010 that I bought at the Fun show in

Orlando Florida come for the coins and stay for the article review but first to the computer now here we are are at the STD bullion website today is Monday February 5th 2024 the silver spot price is $22 86 the gold spot price is $2,049 which gives us a gold to Silver

Ratio of 89 to1 hi my friends as you can tell I’ve made a decision to keep my identity Anonymous on this channel for security reasons please feel free to participate in my million subscribers challenge by clicking on the sub subscribe button below do you really want to know who I

Am if so please click on the Subscribe button below and when I reach 1 million subscribers I will move from behind the camera to in front of the camera that’s my challenge to you subscribing to my channel won’t cost a thing and most of all thank you here’s the Disclaimer The coin we’ll be reviewing today is this American Gold Eagle from 2010 from the Philadelphia mint I purchased this coin at the Fun show in January and as we look at the reverse this coin is of type one which up until 2021 shows the family of eagles with the mother Eagle

Returning to the nest this type one American Gold Eagle was minted from 1986 up until 2021 in this type 1 format I love this coin it’s just beautiful I don’t have to keep this coin in a capsule since it’s just a bullan coin but since it’s so valuable I keep it in

A capsule anyway so what was happening back in the year 2010 the US Mint was able to procure enough American Silver Eagle planchets or blanks to resume minting the American Silver Eagle proofs in 2010 which was not the case in 2009 I created a video on the 2009 American

Silver Eagle proof you can check that one out on my channel interestingly enough President Obama signed into law the coin modernization oversight and continuity Act of 2010 to ensure that there will never be a situation like that in the future where the American Silver Eagle proof coin would not be

Minted also in 2010 the US Mint kept collectors busy with the introduction of the America the Beautiful quarters honoring national parks and landmarks around the United States Washington DC and US Territories also there was a series of 5 O bullion coins denominated at 25 cents the same as the quarter

Carrying the designs identical to those seen on the quarter also known as 5 oz America the beautiful or ATB quarters the Lincoln sent in 2010 also first dawned the Silver Shield reverse design shown here in other news in 2010 President Obama passed the Affordable Care Act in March of 2010 a63 story

Building in the United Arab Emirates or UAE became the world’s tallest building British petroleum’s Deepwater Horizon oil rig exploded in the Gulf of Mexico spilling more than 210 million gallons of oil into the water 5,000 ft deep off the coast of Louisiana there was a 7.0 magnitude earthquake in Haiti and an 8.8

Magnitude earthquake in Chile the Winter Olympics were held that year in Vancouver Canada during which the United States garnered 37 medals nine of which were gold the Dow Jones Industrial Average fell to 10,668 points in the year 2010 as compared to the just over 38,000 points today in

2024 inflation in the year 2010 was 1.64% compared to our current 3.35% inflation rate we’re seeing this year in 2024 the average price of a new car was $24,885 compared to $48,000 today and the price of a gallon of gasoline was just $279 which is a bit lower than the

$3.25 per gallon we’re seeing this year in 2024 the average cost of a home was approximately $221,000 in 2010 as compared to the $348,000 today and the average rent was $1,412 per month in the year 2010 as compared to $2,495 today in 2024 there were a number

Of movies that came out in the year 2010 such as the Book of Eli starring Denzel Washington Clash of the Titans starring Sam Worthington and Liam niss and salt starring Angelina Jolie you may have seen some of them hit songs such as Love the Way You Lie by Eminem and Rihanna

California Girls by Katie Perry and Just the Way You Are by Bruno Mars were popular that Year let me know down in the comments do you remember some of those things back in 2010 hi my friends Legacy stacker here I am happy to announce that I am now

Eligible and therefore have set up memberships to help support my channel as always one thing I can promise you is that every dollar I receive from the channel I will reinvest back into the channel there are three tiers based on the level of support you would like to

Provide to my channel every month I’ll create at least one video specifically for the members of my channel if you would like to help support my Channel please become a copper stacker silver stacker or gold stacker today and thank you for your continued support now just to show the other side

Of the coin so to speak here’s an article from Bankrate with the title why gold at Costco is a terrible investment and what to buy instead now since they say investment I may agree with them as I see precious metals as more of a hedge against inflation and to protect your

Wealth you already have or our building first it reads it can be impossible to get fair value I don’t agree with this at all as of course a coin shop will charge a premium typically anywhere from $50 to $100 over spot for a 1 oz American Gold Eagle and of course a

Local coin shop needs to have a margin and make a profit in order to stay in business hopefully as the price of gold Rises slowly over time you can make that premium back when you sell which is which is why I also feel this is a long-term investment as an example in

This SD buan gold chart those who bought a 1 o of gold in 2010 for say $1,000 would certainly make their premium back and profit if they were to sell today at over $2,000 Announce second it reads gold has lackluster returns over time yes I believe I’ve already covered this one it’s not an investment more so of a hedge and protection of the wealth you’ve already built through other resources of course this article is suggesting you invest in the stock

Market as that as the business they are in which of course is why a financial advisor will not typically suggest you invest in physical gold if you’re serious about investing in stacking gold I’ll leave a link right up here to my millionaire series playlist which also covers my seven Giant leaps to Success and third you have to keep gold safe yes theft is a real threat when purchasing physical precious metals as well as other natural disasters such as floods or fire so a person has to have a safe place to store their gold stack either in a home safe or in a

Professionally managed storage Vault company I chose the latter as a matter of fact I created a playlist on precious metal safety which discusses storing your precious metals at a depository you can check out that playlist on my channel hi my friends if you’ve enjoyed the content of my channel and you’re

Interested in collecting and stacking silver coins you may want to check out my playlists on my legacy stacker Channel you can go to my legacy stacker homepage by clicking on the Legacy stacker gold coin right here then at the homepage you can click on the playlist tab right here

As you can see I’ve created over 15 playlists on my channel so you can check out everything from my Morgan silver dollar collection my constitutional playlist or even my most recent or most popular videos also some interesting topics such as my millionaire series dividend stocks or even the fun shows

Playlists also did you know you can subscribe to my channel just by clicking on this Legacy stacker gold coin right here at the bottom right hand of the screen how easy as that now continuing on with the bank rate article on Costco selling gold bars it reads while much of

The financial press is using the term bar to describe the gold Etc the term Ingot might be a better term here yes a 1 oz gold bar is much smaller than say those kilo bars or over 32 ounces of gold shown in the photo at the top of

This article but at your local coin shop they would still be considered gold bars just a smaller 1 oz version at approximately a $2,000 price point and I can’t say for sure but the picture at the top of this article looks to me like stock footage this is meant to

Represent 1 kilo gold bars but they don’t look real to me they aren’t stamped with the mint on them Etc but I guess this is what people think gold bars look like here’s a picture of what a 1 kilo gold bar really looks like I

Should also add that a kilo of gold is over 32 ounces of gold which means it would run you over 6 $5,000 Each the article goes on to say Costco is selling these 1 o gold bars online only not through their stores a nod certainly to the riskiness two things here first if Costco sold these gold bars and stores they would need a vault to keep them in for safety reasons so I

Would imagine that’s why they’re are not selling these in stores also it’s not risky to buy gold online we do it all the time at online bullan dealers for example SD bullion or atex online and second if you have faith in Costco and the quality of their products then you

Wouldn’t feel buying gold online at Costco is risky at all I know as a Costco member and as someone who was also bought gold online I wouldn’t feel this is a risky purchase at all I would also assume based on the speed in which these gold bars sold out in hours that

Costco customers didn’t see it as risky purchase Either of course what this article by Bankrate is suggesting you buy instead is a gold Fund in the stock market or something they can make money on as this is the business they are in unfortunately buying gold through a stock market fund is nothing like buying physical cool gold so to me either

You’re interested in buying physical gold to protect your wealth or you’re interested in buying funds or stocks and bonds in the stock market as an investment and to me these are very different purchases for me my Assets in real estate and the stock market increase year over-year and I protect my

Wealth with physical gold and silver and now it’s time for viewer mail today I received an envelope from Liza Jane I believe she goes by Liza Jane 84 I’ve covered her address for security reasons and as you can see there’s a sticker there on the envelope that reads received possibly damaged and received

Unsealed and if you notice the right hand side of the envelope you can see where there’s a tear there and the post office placed a piece of package tape on it but it’s not cut all the way through now I don’t know for sure if this was

Theft or if this envelope got caught in the automatic mail sorting machine at this point I suspect it was the ladder as the side of the envelope is not cut all the way through and most of what was sent was still inside when I received it

Here’s what I mean inside she left me a $10 bill and two posted stamps along with what was a 1943 20 centavos silver coin from Mexico and as you can see the $10 bill and stamps are there however the coin is missing now I love mix me

Coins I made a video on my Mexican lad collection I’ll leave a link right up here so you can check that one out but I don’t have any 20 cavos coins so I went out on eBay and I bought one it’s 72% silver and I’m going to

Include it with this package as it was originally intended Liza Jane also sent me this card and inside it reads dear Legacy as winter is upon us I finally found the time to reach out and ask you for one of your STI stickers for my collection box

I didn’t see a way to order one so I thought I could bribe you with this little gift for one of your Channel’s awesome videos that we so love watching your teaching and neat recommendations are always so helpful keep up the wonderful journey and God bless from

Texas signed at Liza Jane 84 thanks Liza Jane you should have already received my channel stickers in return as I sent them out right away and as always all of the items you sent me will go into my legacy stacker forever collection a special thank you to all of my loyal

Members without whom this channel would not be possible thank you my friends I truly appreciate your support and always remember my friends silver and gold it’s wealth you can hold in your Hands let’s go