Buying Gold Coins - Everything You Need To Know
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Күн бұрынWhich are the best gold coins to buy? Where is the best place to buy gold coins? How much should you pay? Are fractional gold coins a good buy? This video is a Precious Metals Buyer Guide. Basically, everything I wish I knew when I was starting out. It should give you all you need to know to be able to confidently get started buying gold.
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00:00 Introduction
00:56 PART 1: WHAT TO BUY
01:27 1 oz American Gold Eagle
02:26 1 oz American Gold Buffalo
03:54 1 oz Gold Canadian Maple Leaf
04:57 PART 2: HOW MUCH SHOULD YOU PAY?
05:26 Understanding Spot Price
07:13 PART 3: WHERE TO BUY GOLD COINS
10:33 PART 4: WHAT SIZE GOLD COINS TO BUY
10:57 1/10 oz American Gold Eagle
11:48 1/4 oz American Gold Eagle
12:34 1/4 oz Austrian Philharmonic
12:59 PART 5: HOW TO STORE GOLD
The Best Gold to Stack for the Long Game is a specific answer. It's not simply "gold".
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I buy gold and other assets on a dollar cost average schedule and then buy more as price and interest allow. If you want to know more about buying gold coins, that is my primary focus here. I talk a bit about cryptocurrency, mining stocks and other equities as well. Cheers!
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Disclaimers: I am not a financial planner, a CPA or an attorney qualified to give financial advice. I'm just a guy on the internet, talking about precious metals. This is for entertainment only. Who isn't entertained looking at gold coins? If you're looking for financial, tax or legal advice, please seek out a professional. As an Amazon Associate I may earn commissions from qualifying purchases. Any potential compensation I earn will not negatively affect your purchase.
Thank you!
@wsdmrtst 3 жыл бұрын
I love the speed in which you speak… makes it very clear and comprehensive
@2is1gold 3 жыл бұрын
Thanks!
@wilmarcia 3 жыл бұрын
“You’ll also see it has a face value of $50 so you can go into a store and buy $50 worth of goods with it, but before you try that let me know, ill buy it from you for $60” 😂😂😂
@2is1gold 3 жыл бұрын
😄
@danielbentley8103 2 жыл бұрын
Shows how much the buying power of gold has changed since the 70s
@joecausey8508 2 жыл бұрын
I'd give $70. 😂
@Onion_Knights 2 жыл бұрын
I feel generous, i buy it for $100
@amani5084 2 жыл бұрын
This comment section has amazing returns
@2is1gold 3 жыл бұрын
UPDATED VERSION for 2023. Check it out: kzfaq.info/get/bejne/aKt7m6uVubi7pac.html
@RWAfuture 3 жыл бұрын
Today it's not about return ON capital. Today it is about return OF capital.
@Manning_Family 3 жыл бұрын
Either you’re great at coming up with interesting topics, or your super-power is making boring topics seem interesting! Either way, well done again, sir.
@2is1gold 3 жыл бұрын
Thank you! Making boring stuff popular since 2020 ™️
@robertsolitro4163 2 жыл бұрын
Im thinking of sending my 3 grandchildren coins but im looking at 500 bucks apiece. What do you recommend..thanks
@BitcoinManagement76062 Жыл бұрын
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@CBPowerPlays 3 жыл бұрын
Love your videos. Well organized and easy to understand and learn from, Thanks!
@2is1gold 3 жыл бұрын
Thank you! I appreciate that!
@jus-tinkin 2 жыл бұрын
I been spending a good deal of time on learning about PM (I wonder if you recognize my icon picture yet?). You are by far the easiest to listen to. Definitely my favorite PM channel to watch.
@2is1gold 2 жыл бұрын
Thank you! (And I do recognize you.) ✊
@VDA194 19 күн бұрын
New to this world. One of the best, easy to understand videos I've seen so far. Thanks
@azmike1 3 жыл бұрын
Thanks for the information. But it's nothing that I don't already know over the last decade of buying gold. Your presentation is top drawer.👍🏻
@2is1gold 3 жыл бұрын
Thank you!
@danno1800 3 жыл бұрын
What an excellent video this was! Filled with useful information. Thank you - much appreciated.
@2is1gold 3 жыл бұрын
Thanks!
@chris_panda 3 жыл бұрын
2:24 - “Because I’ll buy it from you for $60” 😂😂😂
@joecausey8508 2 жыл бұрын
I'd give $70. 😂
@urielanderson3159 Жыл бұрын
Thank you for this. Been looking into this and a youtube search led me to your video. Greatly appreciated. Great pacing.
@ronjordan2831 2 жыл бұрын
Great information. Very good job of walking newbies through the essentials without the chatter.
@2is1gold 2 жыл бұрын
Thanks for watching!
@TacticalTrucker 3 жыл бұрын
_If you convert your currency to gold bars versus coins you can get a higher premium instead of just spot price, bars are more popular in status especially bars that are minted versus casting_
@tuanha6843 3 жыл бұрын
I like listening to your voice, it’s so smooth. You should be on the radio!
@2is1gold 3 жыл бұрын
Ha - thank you!
@sknight1449 2 жыл бұрын
This was comprehensive and wonderfully helpful. Thank you for sharing your expertise.
@2is1gold 2 жыл бұрын
Yeah, thanks for watching!
@BitcoinManagement76062 Жыл бұрын
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@keithstewart511 3 жыл бұрын
Very useful - clear and slow speech so easy to understand. A good start to my research into buying gold.
@2is1gold 3 жыл бұрын
Glad it helped! Good luck!
@go4it129 Жыл бұрын
It was excellent!
@BitcoinManagement76062 Жыл бұрын
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@leroyj3627 3 жыл бұрын
This is quite informative for me, as a first-time prospective buyer. Thank you!
@2is1gold 3 жыл бұрын
Thanks for watching!
@BitcoinManagement76062 Жыл бұрын
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@joeycarpenter7288 3 жыл бұрын
great video! I am fairly experienced myself but this very clean and concise. I appreciate the breakdown..!
@2is1gold 3 жыл бұрын
Thanks for the comment!
@snoopu2601 2 жыл бұрын
Thank very informative I learned a lot, I have to do my research on what I'm buying from my local coin shop. I have done business with before buying graduation coins for Grads one year they gave me a nice box to keep the coin in that made it a very nice gift. Now the Gold coin I'm glad I learn it needs to be in a capsule to protect it.
@pmiahky 2 жыл бұрын
Great video! Helping my mom purge her house and get her into assisted living. Her Aunt gave her a stunning gold mint encased set and she has no clue. I’m just learning about these and am going to a local dealer (Cleveland area) to have them graded next week. Many are in impeccable/vibrant condition. Some big time value it appears. 1923-D $20 Double Eagle 1876-S $20 Liberty Head ‘Twenty D’ 1932 $10 Indian Head 1914 $5 Indian Head 1912 $2.50 Indian Head 1871 $1 Indian Head 1893 $10 1902 $5 1854 $2.50 1851-O $1 1903 $5
@cecilmurray4388 3 жыл бұрын
I am a novice trying to buy gold coins. Thanks for your podcast it is excellent because it answered all of my questions.
@2is1gold 3 жыл бұрын
That's great. Good luck!
@juanosorno8153 3 жыл бұрын
Great video for newbies like me. I am starting to buy so a lot of info in the video. Thank you!!
@2is1gold 3 жыл бұрын
Hope it helps. Good luck!
@Eli-qr9hc 3 жыл бұрын
Years ago I remember reading video headlines “Buy gold” Well, I’d see the audience ask “ok, but what kind are you talking about?” There were people buying gold Britannia or roosters etc. In the past the channels didn’t get detailed as you did here. Spot on brother
@2is1gold 3 жыл бұрын
Thank you! I think there are a lot of people coming into gold for the first time right now, and it’s really easy to make a bad purchase or not even know where to go. I know I screwed up quite a bit when I got started! 🐓
@DLR2542 3 жыл бұрын
Well I just learned another lesson from you. I figured out that instead of bugging you with all the questions in my head I just need to watch & listen to all your videos first. Although my list of questions is being answered the more I watch, my list of questions is growing too. It's like a never ending cycle so you cant ever stop ha ha ha. I'm excited to have stumbled across your channel. Gets me excited to buy gold too. Thanks and stay 4-nines solid my friend.(I just made that up. Copyrights lol)
@2is1gold 3 жыл бұрын
Glad you found the channel! Thanks for watching!
@Angie-in8wc 2 жыл бұрын
“Stay 4-nines solid my friend” is now the unofficial gold bugs blessing.😄
@BitcoinManagement76062 Жыл бұрын
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@BrianSmith-yq7ys 3 жыл бұрын
It’s very important that you don’t buy from the adds in the back of your aarp magazine
@2is1gold 3 жыл бұрын
I haven't seen those yet, but I can imagine!
@tonywinston4743 3 жыл бұрын
Is investing in gold better than investing in forex? Because I've lost a lot in forex
@elenarodriguez9668 3 жыл бұрын
Lol you have to trade professionally if you don't want to keep loosing your money. I've got a friend Mary she would help you out
@welovemarbles7191 3 жыл бұрын
@Ken Doe yes they are good
@ryanalto519 3 жыл бұрын
I was at the gym watching an info commercial selling SAE for $70 plus shipping or you could get a roll for $60 each I was horrified
@kevinkryspton1400 2 жыл бұрын
Fun and useful fact for you guys if you sell over $10,000 in gold in a day make sure they're american gold eagles and you won't need to fill out an IRS form with your transaction therefore it doesn't get reported to the IRS. Nice tip if you want to get the most out of your investment and it is 100% legal. Great video your description of how things work is pretty "spot" on haha! I work at a coin shop and depending on supply and demand we will usually do $10 over spot for an unscratched/ undamaged 1oz/fractionals etc. coin because we believe in keeping our client base happy and its much cheaper than buying from the whole seller at $50.00 - $60.00 over spot while keeping that wiggle room for profit. Thank you for explaining to the new comers it helps us all!
@PBS-nm1uu 2 жыл бұрын
thanks for all the info, have been trying to get into coins for the longest time.
@2is1gold 2 жыл бұрын
Yeah, good luck!
@silveraddiction52 3 жыл бұрын
Great job. I'll definitely use the information. Currently only have 1 1/10th oz American gold eagle and 1 1/10th oz Chinese gold. And 2 scrap gold rings....I really need to focus more on gold....lol. started last year in July and almost up to 100 oz silver. But at least I'm stated
@2is1gold 3 жыл бұрын
Yeah, good start. This has been a tough year to stack!
@marcelopierre7330 3 жыл бұрын
this was very informational thank you for this. I have been trying to move some assets into gold since the beginning of the year and this really helped me out.
@2is1gold 3 жыл бұрын
Glad to hear it. Good luck!
@floweringplumb4678 Жыл бұрын
Thank you for the information in this video. Vital information for the newcomer to collecting Gold. Keep the videos coming.
@Ranger42 3 жыл бұрын
Thank you so much. Learned so much and answered all my Qs.
@2is1gold 3 жыл бұрын
Thanks for watching!
@jsanders5657 3 жыл бұрын
Appreciate the video learned a great deal I'm new to this and you gave me some pretty decent insight thank you
@2is1gold 3 жыл бұрын
That's great to see. Thanks for watching!
@BitcoinManagement76062 Жыл бұрын
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@leonarddobrzyn725 3 жыл бұрын
VERY HELPFUL Had no idea that smaller coins end up costing more than 1 oz.
@TheLiamis 3 жыл бұрын
Minting costs. I sell 1/4 sovereigns often.
@josephgrijalva2859 3 жыл бұрын
this is my first stop for learning about buying gold. thank you. i was inspired.
@2is1gold 3 жыл бұрын
That’s great. Good luck!
@josephgrijalva2859 3 жыл бұрын
@@2is1gold Thank You.
@whatastud1000 3 жыл бұрын
I bought 1oz gold bars as my first purchase. Canadian Mint and rand gold (Barrick elephants from South Africa). Silvertowne buffalo and Indian silver bars also.
@R6andS4rider 3 жыл бұрын
Great video, very helpful. You made a quick mention of gold bars. I know this is mostly a coin channel but any info you can provide on bars would be appreciated. The premiums on bars seem so much better (especially at the time of this comment) and my local shop said they buy bars back just as easy as they do coins.
@2is1gold 3 жыл бұрын
If your local shops do buy them, great. They’ll be your most likely buyer. Mine have always recommended against them. Cheers!
@sarveshsarvankar2082 2 жыл бұрын
@@2is1gold
@MrKzane Жыл бұрын
Shoot, coin shop owner laughed at me when I asked if he sold bars. After his tirade of laughter, he told me that is why he was in the business...bars. He rt old me he NEVER sells bars, only coins etc. Go figure...
@mostlyharmless0544 2 жыл бұрын
Buying gold seems pretty great. You’re able to hard-lock your money into a form that’s got a barrier to selling. This would be good for someone trying to save up a large amount of money… to buy a house. This is a stable metal. Very very nice.
@2is1gold 2 жыл бұрын
Agreed. That's a good way to look at it!
@MemeKingChangwei 3 жыл бұрын
thanks, i'm working on adding gold bullions to my portfolio now
@adambrown1919 3 жыл бұрын
Thanks for that! Very informative! Looking forward to purchasing my first Gold Coin!
@2is1gold 3 жыл бұрын
Good luck!
@BitcoinManagement76062 Жыл бұрын
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@gerard377 Жыл бұрын
Very informative and interesting to watch! Just a quick correction, the Kruger Rand pre dates the Maple Leaf as the first and oldest Bullion gold coin first minted in 1967. The Boers surpassed California in world gold production in the 19th century which led the British to invade the independent Boer Republic of the Traansvaal (Paul Kruger was the President of the Traansvaal Republic) where 3 quarters of the worlds gold was mined, and subsequently kickstarted the Boer war of 1899 (bankers war!) "The rest is history" as they say.
@2is1gold Жыл бұрын
Yeah, Krugerrand was first. The Maple Leaf was the first 24k bullion coin if that wasn’t clear. Cheers!
@stevelauda5435 Жыл бұрын
So very true sir.
@a.r.r.5626 Жыл бұрын
"Breaker Morant" Fabulous movie about the Boer Wars... But I digress.....
@thesparklingwater7400 Жыл бұрын
The British Sovereign predates ALL of the bullion coins. Very common in Europe and of course the rest of the planet. Oddly it wasn't even mentioned here.
@patrickwatrin5093 Жыл бұрын
@@thesparklingwater7400 if you watch some of his other videos you will quickly learn why that is. And for what it's worth after learning all about it on my own, he's right. No one in the States cares about sovereign
@ariekoishop 3 жыл бұрын
Thank you, very good introduction to this topic
@2is1gold 3 жыл бұрын
Thanks for watching! I hope it's helpful.
@ryanhobeck2942 3 жыл бұрын
I want to pay face value
@ryanhobeck2942 3 жыл бұрын
Why would I pay spot for something that the gov says is only face
@leesacounihan4846 2 жыл бұрын
Thank you so much, I am a complete novice and now know where to start. Very informative video, much appreciated 😀
@2is1gold 2 жыл бұрын
Thanks!
@BitcoinManagement76062 Жыл бұрын
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@dylanerb9456 Жыл бұрын
LOVE YOUR VIDEOS !! just had to let you know.. I buy 1/4 all day long an LOVE them..
@GoCanucks2011 2 жыл бұрын
In December 1997, The Financial Times ran an article entitled “The Death of Gold.” Since then, the gold price in US dollars has increased 519% from $288 to $1,780. Today, after many political events and crises we have evidence of the continuous and in many ways spectacular growth of the gold price. This confluence of many current events is creating a perfect storm for gold to increase dramatically more than we imagined.
@deplorabass1588 3 жыл бұрын
Thank you! The video was very helpful.
@2is1gold 3 жыл бұрын
No problem - thanks for watching!
@Marcustheseer 2 жыл бұрын
ya am starting to look into buying gold/silver coins now,nice informative video,gonna look for coin shops close by as a start.
@2is1gold 2 жыл бұрын
Good luck!
@dukenukemani07 2 жыл бұрын
Thank you for sharing. This answered a few questions I had. 👍
@2is1gold 2 жыл бұрын
Thanks for watching!
@SilverBritches 3 жыл бұрын
Great in depth analysis sensei of gold!
@2is1gold 3 жыл бұрын
Thanks, bro! Appreciate the words, as always!
@ALFAJERKBFH 3 жыл бұрын
Thanks! I'm new to the precious metals game.
@2is1gold 3 жыл бұрын
Thanks for watching!
@menkedejong9968 2 жыл бұрын
Decent video, easy to listen to also for a foreigner. I am pretty new in this field. Just gave me the confirmation that I did the right thing of buying a gold coin. Though not living in the USA I think the Eagle is absolutely beautiful. I find it important that I like the coin as well, although not my country.Thanks for info I subscribed.:)
@2is1gold 2 жыл бұрын
Thanks, and welcome!
@menkedejong9968 2 жыл бұрын
@@2is1gold Thank you,i like to gain some knowledge so I am eager to learn.:)
@MushroomsMythologyandMedicine 2 жыл бұрын
Thanks for taking the time to share this information with us.
@2is1gold 2 жыл бұрын
For sure. Thanks for the comment!
@BitcoinManagement76062 Жыл бұрын
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@coincapton6663 3 жыл бұрын
Thank you for the information I recently received a couple gold coins from my father that passed away and was curious about selling them thanks
@2is1gold 3 жыл бұрын
Sorry to hear that. Good luck with the coins.
@sirrathersplendid4825 3 жыл бұрын
If you don’t need the cash now, hold on to them. They are a hedge against bad times and high inflation, which is quite likely within the next couple of years.
@juicestacker1950 3 жыл бұрын
Sry cool guide brother love the details step by step even with the lcs research nice job brother
@2is1gold 3 жыл бұрын
Thanks, Juice! Just thought through all the parts that would make a person nervous to buy (or make a mistake). 👍🏼
@juicestacker1950 3 жыл бұрын
@@2is1gold well you put the nail on the coffin ! ✊🏻
@BitcoinManagement76062 Жыл бұрын
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@star5398 2 жыл бұрын
Well watching your video made me realize the site I was buying from I could have saved alot of money by paying in a different way
@jeffreyarchambeault4129 3 жыл бұрын
informative! thank you for helping me begin first steps in understanding gold coins
@2is1gold 3 жыл бұрын
Absolutely. Thanks for watching, and good luck!
@BitcoinManagement76062 Жыл бұрын
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@SilverHeist 3 жыл бұрын
Thanks for covering all the bases.
@2is1gold 3 жыл бұрын
Thanks for watching, Heist!
@roryross3878 3 жыл бұрын
Yes, but what about the US commemoratives in the outfield?! But on all seriousness I realize 2 is 1 has been good about featuring those.
@christurgeon6277 3 жыл бұрын
Been buying G&S for about a year now, very informative, thanks!
@2is1gold 3 жыл бұрын
Thanks for watching!
@BitcoinManagement76062 Жыл бұрын
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@GetIrked 3 жыл бұрын
I've been buying gold and silver coins for years, but I still LOVED this video. Your camerawork is outstanding - I'm seriously impressed with the detail you got on your coins. My own channel could use an improved camera - can you tell us what kind of equipment you use to capture these shots? Great voiceover, too - awesome video voice. :) Please keep up the great work!
@2is1gold 3 жыл бұрын
This one was an iPhone 11. I've switched to a 12, but it's really just a matter of lighting. Indirect sunlight allows the best capture for gold. It's hard with anything else!
@GetIrked 3 жыл бұрын
@@2is1gold That's incredible! I have a 12 and here I've been trying to figure out the best way to use my Canon 7D SLR camera! LOL! Sometimes the simplest solutions are the best. Thank you so much for the reply! :)
@2is1gold 3 жыл бұрын
@@GetIrked find your exposure settings, and turn them down. 🎩
@BitcoinManagement76062 Жыл бұрын
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@markusjahn6908 2 жыл бұрын
Greetings from Germany. This is very interesting. Thank you for this Video
@kirbymohelstein4185 2 жыл бұрын
Informative and helpful
@2is1gold 2 жыл бұрын
Thanks for watcing!
@jasonwilson556 3 жыл бұрын
From an investment point of view, The Krugerrand is superior to the Gold Eagle( as well as the other major bullion coins) and I will explain why. Take $1,000,000 and divide it by the ask price for Gold Eagles then do the same for Krugerrands. Then multiply each by a $5000.00 future price, and assuming you would get spot back if you sold your krugs, and spot +$50 for the Eagles. With this hypothetical situation, you would be far ahead financially with the Krugerrands, because the extra gold you initially got with them and their lower premium appreciated significantly. Where as the money allocated towards the Eagles exra premium did not. Kruggerand > Eagle.
@2is1gold 3 жыл бұрын
Solid argument. I still choose Eagles based on popularity here in the States.
@Review-This 2 жыл бұрын
I buy for gold value and it sure does add up over the years buying on nice pull backs on price.
@abeabolkheir1710 Жыл бұрын
Honored through the ages, the standard of wealth, the original money, the safe haven. I love gold!!
@grizzalo 2 жыл бұрын
Wonderful advice. Thanks for your hard work.
@2is1gold 2 жыл бұрын
Thanks!!
@LucyStacks 3 жыл бұрын
4 months later and still got something from this 💯 thank you!
@2is1gold 3 жыл бұрын
Thanks, Lucy!
@LucyStacks 3 жыл бұрын
@@2is1gold 😉
@BitcoinManagement76062 Жыл бұрын
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@toprock6058 3 жыл бұрын
Great video and explanation but you could also mention that its pretty much also a savings account regardless if you're buying fractional OR full 1oz. You'll probably keep keep up with inflation or surpass it
@2is1gold 3 жыл бұрын
Did it feel too weighted toward 1oz?
@davidwarner6755 2 жыл бұрын
@@2is1gold No..was well balanced. Thank you
@onthepath501 Жыл бұрын
That's what I'm not getting is it says it's one outfit one ounce of gold going for two grand I guess it's fractional
@KingDavidV8 2 жыл бұрын
Awesome video! Thank you so much! This was very informative. I really needed that as I am beginning to invest in Gold and Silver coins!
@2is1gold 2 жыл бұрын
Glad it helped.
@BitcoinManagement76062 Жыл бұрын
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@erikutube33 3 жыл бұрын
Thanks, 2 is 1! Great lessons for newcomers!
@2is1gold 3 жыл бұрын
Thanks for watching!
@GaryALara 2 жыл бұрын
Great and comprehensive overview. Appreciate it.
@2is1gold 2 жыл бұрын
Thanks for watching!
@williamhaugan4316 3 жыл бұрын
Gold is fun investment, since you actually can see and feel it..
@2is1gold 3 жыл бұрын
Agreed!
@ashelve8132 3 жыл бұрын
@Robert w 😂
@bliglum 3 жыл бұрын
It's also fun to see my TD Ameritrade account grow by tens of thousands over the years! But I have been looking to diversify into some more tangible assets lately.. Seems like a correction is overdue.
@kohare2431 3 жыл бұрын
It's more of an insurance than an investment..
@chrissummerfield9583 3 жыл бұрын
Great video again love the channel very good information .
@2is1gold 3 жыл бұрын
Thanks for watching!
@IntermountainGoldRefiners 3 жыл бұрын
I’ve been meaning to make a guide similar to this. Nice Video!
@2is1gold 3 жыл бұрын
Thanks!
@BitcoinManagement76062 Жыл бұрын
Do you Need Accounts Services , Transaction Purpose , Payment Handle ,Currency Exchange ?
@Golden_Locket1395 3 жыл бұрын
2:23 - I love how subtle that joke was
@2is1gold 3 жыл бұрын
😄
@gregorydavis4831 3 жыл бұрын
I've been buying Krugerrand's since the 80's it sells for the least above spot, and buys for damn close to spot
@craig6903 2 жыл бұрын
Why is that coin more popular?
@vladoholic8497 2 жыл бұрын
@@Kaalerful Krugerrand is not pure gold. Krugerrand is 22 carat which is 91,67% gold (the rest is copper)
@aipacsucks 3 жыл бұрын
Solid info. Thanks for making this!
@2is1gold 3 жыл бұрын
Thanks for watching this!
@sankalp3513 Жыл бұрын
Great video! Newbies should be warned about the price difference between secondary market, BU coins, and proof coins too, if they don't want to overpay
@josefsmith3140 3 жыл бұрын
I don't really have a local shop I use apmex mainly but there is a jewelry store close to me and he sells spot plus 10 bucks can't beat it.
@BrianSmith-yq7ys 3 жыл бұрын
Apmex is a rip off try the modern coin mart although they sell old stuff too
@norcalbry 3 жыл бұрын
Spot plus $10 is a great price!
@wanshanz6754 3 жыл бұрын
Wow. I felt like a student taking notes on pencil and paper. Great instructor!
@2is1gold 3 жыл бұрын
Hey, thanks! Good luck!
@lorieedwards180 2 жыл бұрын
Really great clear information, thank you 😊
@2is1gold 2 жыл бұрын
Thanks for watching!
@thorlin3826 2 жыл бұрын
In any other industry, you would get some premium back on any coin. Think of the cost of minting the coin, of turning it into a utilitarian and yet attractive form. Transportation costs. They are not going to melt coins, they will extract some premium from another buyer as long as you can still read the particulars on the coin.
@wsdmrtst 3 жыл бұрын
Lol! I just realized the deeper meaning of the term “mint condition” just by watching you handle that gold!
@saidmehamli5445 3 жыл бұрын
Yeah, but there is no taxes on Gold .
@joelscott1898 3 жыл бұрын
I started grabbing 5 gram bars or so this year. I'm less worried about premium than I am about runaway inflation in current year.
@shafserious2805 3 жыл бұрын
Bingo!!!!!!!!!!!!!!!!! Same here!!!!
@TheLiamis 3 жыл бұрын
Yep, inflation backed by nothing but debt. It's why I jumped on silver gold and crypto.
@shan4078 3 жыл бұрын
Absolutely!
@defyingtyranny5682 3 жыл бұрын
where are you ordering from?
@joelscott1898 3 жыл бұрын
@@defyingtyranny5682 I've shopped with JMB for years
@ferebeefamily 2 жыл бұрын
Good information as always. Thank you.
@2is1gold 2 жыл бұрын
Thanks!
@RobShutt357 3 жыл бұрын
Good job keeping it simple.
@2is1gold 3 жыл бұрын
Thanks!
@HifiCentret 3 жыл бұрын
I'd recommend coins too. They're much easier to verify that they're genuine when you have them without capsule. You can do all sorts of non destructive measuring and testing and if you're just a little bit of knowledable you can be 100% sure that the coin you have in your hands is genuine. Bars are harder to verify. Sure you can take them out of the certificate such is typically in and measure it but then you'll loose money the day you sell them. On top of that because of their shape they don't have as well defined ping tone to it as coins. On the other hand bars can be easier to store as long as you don't buy very small ones and if you like the idea of them having a serial number then sure bars is for you. But to really gain storage benefits you need to go for at least 50 gram and preferably 100 gram and for most people with todays gold prices that is a really large amount. Bottom line stick to coins. When you have enough you can consider storing them in Hartbergers instead.
@2is1gold 3 жыл бұрын
Yeah, coins for me too!
@tomstanley7568 3 жыл бұрын
@@2is1gold People also ask Can you find gold in WV? Gold in West Virginia There are no commercial gold mines operating in West Virginia. Despite the lack of gold found within quartz, very small quantities of gold can be found within the state. As with almost any state, very tiny specks of gold have been reported to be found in several creeks and rivers.
@ltcajh 3 жыл бұрын
What about platinum and palladium. How hard are they to sell, and other thoughts?
@josephzachry9707 3 жыл бұрын
Glad I watched. Thanks.
@ktang001 Жыл бұрын
Great informative video, thank you for sharing! I just started collecting / investing / stacking, and I've recently acquired my very first coin!
@2is1gold Жыл бұрын
Congrats!
@adamh986 8 ай бұрын
Hey @ktang001 itd be cool to chat. I haven't bought my first yet and am considering.
@jamesbetara 3 жыл бұрын
If you live in the UK I recommend investing in either the Britannia, or the Queen’s Beasts coins as these are CGT (Capital Gains Tax) exempt in the UK. This goes for the silver or platinum variants as well. 👍🏻
@2is1gold 3 жыл бұрын
Sovereigns as well. I’d stick exclusively to the Royal Mint if I lived there. Cheers!
@jamesbetara 3 жыл бұрын
@@2is1gold you’re absolutely right yeah sorry forgot to mention that too! Royal Mint is definitely the way to go for us Brits ;)
@Applepie409 3 жыл бұрын
What are the platinum variants? They attract 20% vat but are they CGT exempt in Britain?
@jamesbetara 3 жыл бұрын
@@Applepie409 Here in the UK ALL silver and platinum bullion is subject to 20% VAT (Gold is VAT free). Royal Mint bullion (most notably the Sovereign, Britannia and Queens Beasts) are CGT exempt. Which is why buying from the Royal Mint is the most attractive offer.
@jamesbetara 3 жыл бұрын
@@Applepie409 Hope that helps 😉
@Tbob17 3 жыл бұрын
When gold goes north of 5k there will be no mistakes made today...don’t lose track of what the real returns are going to be when shtf....
@michaelsoler2621 3 жыл бұрын
Hey 2is1 Guy! Great videos! keep up the work!
@2is1gold 3 жыл бұрын
Thank you!
@bullionaddict9164 Жыл бұрын
Ok, so this came up on my KZfaq feed, and I assumed it was a new video until after I was done watching. I saw a comment I left two years ago 🧐 Also, while I was watching, I saw a notification for your lasted video pop-up on both of my phones. 🤷
@2is1gold Жыл бұрын
Ha! So strange!
@audiophileman7047 Жыл бұрын
An important point about Krugerrands is that they usually have a lower premium than Eagles, and as you said are respected worldwide. Some people equate gold ownership with Krugerrands. The only downside is that Krugerrands have reporting requirements for tax purposes when sold that Eagles don't have if you live in the United States. I'd buy either Eagles or Krugerrands, not really interested in anything else. I also like the durability of 22K over 24K. Storage can be controversial. Some people like to do midnight gardening for their gold, but it's important to remember where it is. 🤔
@2is1gold Жыл бұрын
Good points!
@audiophileman7047 Жыл бұрын
@@2is1gold There's more, but I'll save that for another day and maybe some of your other videos.
@Nick-sx6jm 7 ай бұрын
Why would they have reporting requirements? I thought as long as the amount was less than 10k nothing had to be reported.
@audiophileman7047 7 ай бұрын
Think about it, and it will come to you.@@Nick-sx6jm
@sethkeo1972 3 жыл бұрын
It’s so beautiful.
@alessandropicchi271 Жыл бұрын
Absolutely useful tips. Thanks a lot.
@BitcoinManagement76062 Жыл бұрын
Do you Nees Accounts Services , Transaction Purpose , Payment Handle ,Currency Exchange
@TheRonald6524 Жыл бұрын
Excellent!!!! Video. You have definitely sparked my interest in buying gold coins!!! But I’m no spring chicken 🐓!! But I will definitely point my kids and son-in-law’s this direction!!! Thanks!!!
@2is1gold Жыл бұрын
Cheers!
@redX111t 3 жыл бұрын
Would never store my beautiful coins in a safe deposit box, there's also the risk that when things get really shitty, you can't acquire them at all. If you don't hold them, you don't own them.
@2is1gold 3 жыл бұрын
It's definitely very specific to the individual.
@izdyhar82 3 жыл бұрын
Never heard of any cases of missing gold in safe deposit so far
@rickrodrigues2219 3 жыл бұрын
Agree 100%! Safe Deposit Box?!!! It's not insured against any kind of loss, inconvenient & irritating to access & are expensive over time! Gold coins, bars etc...are beautiful to hold in the hand & admire...spend some time with them! A legacy left for your kids! It's yours to hold & offers insurance/hedge in the future against a weak paper $! Nothing get's cheaper over time...a gross understatement that needs no verification! The operative word is "INFLATION"! Research gold history! Screw the bank...don't make them any richer! Get yourself a good house alarm system...NO(!)...get 2 house alarms (redundancy), external CCTV, a big heavy steel safe & bolt em down!!! P.S. Pay close attention to the world affairs & it's impact on the markets...geo political events, commodities etc...& gold prices (trending)! Buy when it's cheap, comfortable & affordable for you!
@Clara-ec6yh 3 жыл бұрын
Agreed!
@lifeontheedge357 3 жыл бұрын
@@izdyhar82 it took me 6 months to get to my safe deposit box after hurricane Katrina. It had been under nine feet of water.
@wombattmatt8303 2 жыл бұрын
Personal opinion, I’ve personally only bought metal when silver is under 16/oz and gold under say 1700/oz(though most of my gold was bought when it was way cheaper, like 5-600 in 2005 ish) but anyway, point being, spot price shifts and runs opposite the dollar generally. When the dollar is doing real well, metal will be down, ThTs the time to buy, then when the dollar is weak, metal is up and that’s a good time to sell. This usually happens in ten year increments or so, so it’s very much a longer term plan, as investments should be
@2is1gold 2 жыл бұрын
Yeah, longer term plan for sure. Cheers!
@stephencox756 2 жыл бұрын
Let's Go Brandon!
@doneask1746 2 жыл бұрын
“When the dollar is weak…. “ It is not weak and it is weaker and weaker as long as Brandon is in the WH.
@Mint-kj9kw 2 жыл бұрын
@@doneask1746 Well, the dollar will be no more by 2037 so now is the best time to buy silver
@go4it129 Жыл бұрын
@@stephencox756 Stupid comment on an great video
@bullionaddict9164 3 жыл бұрын
2 is 1 Another well done informative video and we can't forget the gold shuffling as well.
@2is1gold 3 жыл бұрын
I can’t let it sit still! 😁
@bullionaddict9164 3 жыл бұрын
@@2is1gold I enjoy the shuffling don't ever stop.
@2is1gold 3 жыл бұрын
@@bullionaddict9164 ha! I bet I have to change my capsules more than anyone else. I wear them out faster than anyone should! 😁
@josereinaldocorrea4901 3 жыл бұрын
I loved your video! Planning on investing in gold coins.
@2is1gold 3 жыл бұрын
That’s great - thanks!
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