Should you buy gold and silver? Is buying gold and silver an investment? It depends on how you define “investment”. I’ll tell you how it’s gone for me after 14 years of buying.
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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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For me I’m a small fish silver stacker but the premiums are insane! My average is $29.06 but never bought above $25, so it’s the stupid tax and premiums that are raising my average. 😒
When is the premium on silver too high to negate investment value of silver?
Hello! I have been hearing about investment on Gold, silver and stock market exchange (💱), how do I start investing on them?
I’m not even the slightest bit concerned about the “exchange rate” of gold and silver. As little as 100yrs ago gold and silver were MONEY. And they were money for six thousand years. The dollar is going to become worthless. And it’s going to happen in my lifetime. There will be one currency then. Precious metals. For at least 6-8 months that’s all there will be. And the value will be exactly what farmer Jim will exchange a gallon of milk and a dozen eggs for.
Metals aren't an investment. Its an insurance policy against the dollar. It becomes an investment when you let Socialist take over your currency as they will destroy it causing a collapse. History..
Gold and silver is real money, it is ingrained in our subconscious, so trading it from fake fiat money is very wise. The friction of selling means you only sell in an emergency. So buying each month and become your own bank is the way to go.
It never was an investment scheme but it is truly real money and protected again inflation or whims of the government
I trim my armorsets with my Gold, my Silver I just keep in weight, Crystal I don't touch I keep mine mint. Ruby and Sapphire I just keep close to my bedside for luck
I spend about 300 every other month, gets me at least 10 ounces and I pick a different brand each time to I have an awesome collection of various coins rounds. Once I've gotten as many different types as I feel happy with I'm going to start collecting different 10oz bars.
It's a safety net
I won't lose that for sure
I'll probably break even….if it goes to the moon there is a nice island property I know I can buy 🌴
If you started buy gold 14 years ago then you already know it has gone to the moon.
Well, banks are collapsing now as of yesterday. For those who've been buying metals over the years, including myself, nobody's going to call you foolish now. It's not an investment per se, but you'll get to keep what many others may soon lose. Your net worth.
Stacking is addicting, beware
Late to the video, but: I haven't been buying lately since premiums are getting way overheated. That said, I've never looked at bullion as an investment. It's more an asset I can buy and rest assured that wether it gains or loses in price, the price is essentially guaranteed to never go to zero, unlike just about any financial asset (stocks, bonds) that you can think of.
I look at it this way. If I have $500 in my hand, I can go and fill a cart at the supermarket. If I instead buy an ounce of gold, keep it, and sell it ten years later, I will probably be able to fill a cart. If that $500 had sat in the bank, I'd be lucky to fill half a cart after ten years with that cash and its accrued interest. Gold is not a great investment, but it's a good form of money.
I started last year because of you. I have 3 1/10 gold coins. I am a single mother and want to leave savings in precious metal for my child
It does help if you have issues not touching your cash. Also I think you can use them as down payment on houses
Holding gold or silver is to never be an investment. It's for insurance. You ain't gonna get a net plus for even selling it. Unless you scam folks and raise the price on it for suckers to buy it. You sell gold or sell silver for.the actual value at the current time you sell it. Break even. Also I sick of people saying premium. What the hell is that? Fancy word of a price added on to sell at a higher price for a net profit? Cause that's what it is.
there are multiple reasons why I have bought gold and silver coins, basically cos its cool to own it, its a good store of value that isnt in the bank and I a good long term investment that you can be glad to look back on
The reason I buy gold and silver is so I can transfer my savings to my family without paying taxes. For my IRAs and retirement savings, it is not possible to pass this on without paying heavy taxes, but with gold and silver….no one needs to know especially the government.
in a nutshell gold and silver are for people who already achieved they're financial goals and they want to a good way to wallet they're money it's better than banking it but it's worse than working it
GOLD : Long Term Gain.
Especially in these volatile economic times
02/03/2023 $2770 = 1OZ (Perth Mint)
14 years of buying and thats all you have?
It's a good hobby that retains value. I wish I would have still had my collection I started in 2013. It would have increased in value. Back then 1troy oz of gold was $1350-$1400 and silver was $13-$15 troy oz. Now it's $1800 for Gold and $21 for silver, and best thing I could of made a profit without being taxed!
WE NEED TO LIST THE REASONS — Why Silver is not going to go sideways on the charts for 5 or 10 years. Industrial Demand way outstrips Supply, War with China over Taiwan Likely in next 3 years, Hyperinflation, Loss of a significant – 1/3 Petro Dollar to Be taken By BRICS. So Lots of reasons why Silver Should Spike in Value like it has Twice before in the last 50 years. If you don't have coin shops around you then selling it is a Major hassle so be careful .
Gold and silver helped introduce me to investing. I bought 26 Oz gold and 1,000 Oz silver, all physical. After that, I got into stocks. In 5 yrs I've amassed $80k, and only wish I'd started sooner (but I was a heroin addict and crackhead for 15 yrs so, I'm just thankful for where I'm at at 39 yrs old). Keep $6000 cash which I'm about to use for a 6-step treasury bill ladder, 26 week bills on a 4 week frequency.
Great video; appreciate your honesty & non-selling approach. I’ve only recently started acquiring silver & gold, both self-held at home and I converted my smallest IRA to a precious metals IRA. I understand (boy, do I) how addictive stacking can be, but follow our 3:47 financial planner’s advice to limit precious metals to no more than 5% of total net assets. There are much better ways to INVEST for growth & income via established dividend stocks, CDs and govt bonds. Especially if your time horizon is a long one. My wife and I are both 62 and follow the guidance of limiting PM holdings to < 5% of our total assets. If I believed the dollar was in imminent danger of crashing (I don’t), I’d consider increasing PM holdings to 15-20%. Each person acquiring PM has to consider their own appropriate holdings amount.
Over my many years, gold and silver seems more like a money storage vessel.
"I used to do a little, but a little didn't do it, so a little got more and more". Full oz, becomes fractionals, then grams, then goldbacks, then you've hit bottom
Don't buy precious metals as an investment. Investments have demonstrable return. For example if I buy a marina and over time use the income to pay down the debt incurred while gaining the value of the upland and having an income stream, that's an investment. If I buy some gold I am turning cash into metal. I am counting on the metal to hold value better than the cash by retaining value and not having its worth degraded by inflation. I am saving my money, but I am not investing it.