BRICS seeks to create a new currency, considering gold's historical role as a store of value and medium of exchange. However, the functionality and acceptance of a gold-backed currency in the current global financial system are uncertain. Creating a new currency requires careful consideration of economic, political, and logistical factors.

@Adams52523

6 күн бұрын

The discussions and proposals surrounding BRICS nations' potential use of gold are intriguing. People choose to buy gold for various reasons, such as its historical role as a store of value and medium of exchange, its potential as a hedge against inflation or currency devaluation, and its relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolios due to its low correlation with stocks and bonds.

@RebeccaGilpin

6 күн бұрын

It simply means the allocation of money toward an asset or portfolio, with the expectation of earning a return over time.

@harryrobot851

6 күн бұрын

According to Patricia strain an expert, this can occur through appreciation in the price of the asset, earning interest, dividends or royalties.

@WeweAke

6 күн бұрын

Patricia Strain must be a great person, her strategies are top notch.

@ScottBruceman

6 күн бұрын

I agree with you. I started out with investing on my own, but I lost a lot of money. I was able to pull out about $200k after the 2020 crash I invested the money using an analyst, and in seven months, I raked in almost $673,000

I don’t buy metals for investment. I don’t buy metals for profit. I buy metals for insurance. Since 1992.

@2is1gold

2 жыл бұрын

🤜🤛

@kscoins4787

2 жыл бұрын

Great comment!

@david7384

2 жыл бұрын

Such weak mindset lol

@SniperLogic

2 жыл бұрын

@@david7384 troll much? or sarcasm?

@JR-1776

Жыл бұрын

Best explanation I've heard yet. Couldn't agree more.

I have always viewed gold and silver as a savings not an investment. Every time I make a purchase I think of it as moving my savings from cash to precious metals and never feel bad or think I made a bad choice in doing so

@tppwttiger2244

Жыл бұрын

BG is both.

@maxpainmedia

Жыл бұрын

It has out performed the s&p 500 ,, i remember in the year 2000 when gold was $275 per ounce , now its just under $2000 an oz.. thats a 700% increase in value, i just don’t understand how people cannot grasp the concept of physical good being an investment lol its crazy to me

@braxtonbrock6430

Жыл бұрын

@@maxpainmedia because over the past 100 years it has averaged slightly worse than the s&p500 at 7.7% bull runs aside it’s much better to view as a savings that can keep you safer from inflation

@maxpainmedia

Жыл бұрын

@@braxtonbrock6430 look, the IRS or the FBI can effortlessly freeze your accounts, but gold they have to get it back in blood, call me old school but i feel more in control of my assets if theyre physical, Gold, Guns, Land.. you have to get that in blood

@braxtonbrock6430

Жыл бұрын

@@maxpainmedia Fair enough but if they wanted to get you they would

I have never felt bad after purchasing gold or silver. The one thing I will say- never go “all in” on metals or let emotion take hold. Make it a long term thing and always have at least 6 months of cash for emergency expenses. Makes it much less stressful and more fun to stack.

@mikehawk4856

2 жыл бұрын

@@edb3877 Great words brother! PM community is a fantastic one

@srt8up4shot

2 жыл бұрын

Thank you for this. My heart wants me to go all in on gold but my brain says 50/50

@mikehawk4856

2 жыл бұрын

@@srt8up4shot as long as you have 6 months of expenses saved in cash and you don’t have a lot of debt, buy as much as you want!

@edb3877

2 жыл бұрын

@@mikehawk4856 It sure is, Mike. Lots of great experience and info to be shared. This makes us all better off, for sure.

@dive2drive314

2 жыл бұрын

Unless you start becoming obsessed with the different series like i am with the RCM Wildlife and birds of prey series and the 1.5 ounce series. I see them surface somewhere and i have to buy them.. then a couple days later different ones appear and i can't help but buy them too, while they are available. Can't just have one of each either, i have to have multiple. The bad thing about that is how attached i am to them. I keep trying to force myself to just buy tubes of rounds, but it's hard.

I needed to sell silver in the past due to an unexpected emergency. I basically broke even, so investment wise, I didn't really profit, but I still had a fallback. The money that I had originally spent would have likely gone to something else that wouldn't have retained value, if it were even still existing. Silver saved me.

@2is1gold

2 жыл бұрын

Yeah, I like that extra selling friction. Keeps it around until you actually need it. Cheers!

@jarodcrazyindian

2 жыл бұрын

@@2is1gold Amen. 🍻

@navajorezathlete1202

2 жыл бұрын

You were better off buying a 80s chevy truck than gold. Nobody makes money with gold.

@jarodcrazyindian

2 жыл бұрын

@@navajorezathlete1202 chevy, lol.

@YourMajesty100

2 жыл бұрын

@@jarodcrazyindian right? Lol ...

I bought my first metal last week, a 1 oz Britannia coin! I am 35. I didn't know about gold & silver until recently. Your channel informed me well. I will buy one more 1 oz gold coin this year. It's just glorified savings, that's all.

@2is1gold

2 жыл бұрын

Fantastic. Cheers!

@lovebutton7850

2 жыл бұрын

That's a great coin. Congrats.

@spfadden082711

2 жыл бұрын

Yup I’m new too. Doing the same as you just getting info. I think of it as savings as well. If I get silver or gold I don’t tend to spend it and it could even gain value

@shan4078

2 жыл бұрын

Britannias are a beautiful coin, congratulations 🙂

@TXLionHeart

2 жыл бұрын

Exactly! It's just saving real money -- not an investment, not insurance, not speculation. Not too long ago, saving dollar bills was like having a check that you could cash at the bank for coins similar to that Britannia you just bought. That's why my cash savings are in gold and silver.

An important point to remember is that money spent on this is not wasted money. The fun of stacking keeps a lot of people from spending that money on other stuff like drinking which is a black hole your throwing money into

@2is1gold

Жыл бұрын

Agreed!

@GrizzlyJRofficial

Жыл бұрын

@@DrSchor its called life but ok hermit

@EndTheFed1933

Жыл бұрын

@@GrizzlyJRofficial he is probably a bot lol

@dark-starchemistryfabricat2405

Жыл бұрын

@@GrizzlyJRofficial lol “ok hermit” either he was just joking and was just yanking your chain….or that guy lives with his Mommy at age 48 and his judgmental comments make him feel better 😆 “Its called Life” is exactly right…. i live in California SF Bay Area by some of the most expensive real estate in the world ….Life is ridiculously expensive Even if you are someone living in a cardboard box on Government assistance you need like 100k/ year just to maintain your state of Homelessness 😂 lol ( Im joking obviously, but you get the point)

@flipnap2112

Жыл бұрын

when I quit drinking, I started spending the alcohol money into silver. after 6 months I looked at my "alcohol stash" and couldn't believe how much I was drinking away. besides the money alcohol is the worst drug ever discovered. sobriety is amazing

I started investing in gold and silver because as you said to have an asset outside the banking system. I didn't do it to make money, I do it to save money that I hold and control.

@2is1gold

2 жыл бұрын

I think that always makes sense. Cheers!

@UPdan

2 жыл бұрын

A valuable lesson for all nations in a sanction, confiscation, Western financial system.

@david7384

2 жыл бұрын

Why such weak ambitions

@c.san.8751

2 жыл бұрын

All about insurance. It is the reason why the worlds richest families have 1/3 of their net worth in gold (Colonna family - 34 generations).

@kirbyvacuummadman1814

2 жыл бұрын

@@c.san.8751 Thats what I did, 1/3 of my investments are now in gold and silver.

I am new to your channel and you give great info. Thanks a lot. I am watching your videos and I am planning to start buying gold coins in the near future. Thank you.

@2is1gold

Жыл бұрын

Thanks for the note. Good luck!

After a horrendous 2022, shell-stunned financial backers have misfortunes to recover and a lot to consider, as an expansion report and a pile of different information did close to nothing to change assumptions that the Central bank would probably keep climbing intrest rates regardless of whether the economy dials back, And that implies more red ink for portfolios for the principal quarter of year 2023. How might I benefit from the ongoing unstable market, I'm currently at a junction choosing if to exchange my $250k security/stock portfolio.

@dannyscott1276

Жыл бұрын

Center around two key targets. In the first place, remain safeguarded by realizing when to offer stocks to cut misfortunes and catch benefits. Second, get ready to benefit when the market turns around.I suggest you look for the direction a representative or monetary consultant.

@tblazegutt

Жыл бұрын

@@Drago250 Could you please leave your investment advisor details here? I need it urgently.

@palmersolga

Жыл бұрын

@Dragon Jee Much appreciated, I gazed her upward on the web and was profoundly dazzled by her qualifications; I reached out to her since I really want all the assist I with canning get. I just set up a call.

I never viewed metals as an investment, but I always saw it as a great way to save your cash & retain the value from when you bought it. It’s not hard to turn it to liquid cash, and it beats letting inflation destroy your savings.

@flipnap2112

Жыл бұрын

@@DrSchor I would never trust the government with ANY of my money.

@iwanttodie149

8 ай бұрын

the government crashes and now you are broke. @@DrSchor

@user-ei7ku3zu4x

7 ай бұрын

@@DrSchor lmao. Bonds are more secure. L O L. and when the fkn $$$ crashes and the government defaults? know what happens then? you'll be bankrupt and I'll be sitting here with a stack of metals I can take to canada and get shit I need. lol

@LukeVincent-xt4dz

7 ай бұрын

What if there is a flood how do you hold on to gold and silver?

@DarkyBlue

6 ай бұрын

@@LukeVincent-xt4dz Gold & silver will survive a flood. Make sure you keep it on your emergency backpack with all the most essential items for you to start your life over again.

Super interesting. Thank you.

@2is1gold

2 жыл бұрын

🤜🤛

Been purchasing for 5 years and I'm relatively young. I don't think of it was investments, more of a physical hedge. Have about 10k in gold and silver, and compared to the cost I bought at it's appreciated more than I expected.

@2is1gold

2 жыл бұрын

Nice!

@dive2drive314

2 жыл бұрын

did you just focus on whatever was cheapest like rounds, or did you get into the different series out there? That is my current fixation right now. I recently got the Eastern Caribbean 8 series, and almost have the entire wildlife and birds of prey series from RCM. Love the Royal Canadian Mint coin series!

@davidhimmelfahrt3732

Жыл бұрын

@@dive2drive314 Why didn't you just by barrels?

@Bryzle1

Жыл бұрын

@@dive2drive314 stay away from collectibles, unless of course you enjoy it as a hobby. My goal 3 years ago was to have some from every mint in the world. Makes me happy. I get it out and hold it from time to time knowing it had to be dug out of the ground by all different peoples around the world. The time and energy it took to create all these wonderful pieces of art. It reminds me of man’s history and what is considered as valuable enough to create it into fruition is inherently what makes it so valuable throughout all the history of mankind. When you own it and hold it. You are literally holding living history! You are holding something your ancestors throughout time lived and died for to pay the bills and buy what they wanted/needed to survive. It connects you to the past. Just by having it, you become part of that legacy. Totally worth it!

@itakeeee22225

Жыл бұрын

he bought? dump it

Spoke with a bullion dealer and he said when 2011 boomed with silver, it did not matter if it was an eagle or generic. Dealers paid about the same-they just wanted silver whatever it was.

Completely new here, been on the fence vacillating between starting, and researching. Based on the video, and the comments is highly apparent that making this move or transfer of our “dollars“ (unit of measurement) to a physical metal makes sense. Huge thank you to you and the folks that have been commenting here. I know what I Gotta do now.

Well said. Its a hobby investment that can pay for itself and there are other hobbies that are alot worse than buying gold or silver coins. Like anything else, enjoy it and pass it unto your loved ones.

@2is1gold

2 жыл бұрын

100%

@davidgomez5116

Жыл бұрын

Yeah like survival gear and emergency gear cuz I'm starting to go down that rabbithole

@angelrebekah9153

Жыл бұрын

I don't see it as a hobby. I see it as a necessity. We're seeing the US purposely devalue the dollar, but silver and gold will retain its value. It's always been valuable since the beginning of time. It's a smart investment for what's to come unfortunately.

@euleneats

2 ай бұрын

I buy silver jewelry. It looks nice and I'm keeping the whole lot for my daughter

You're one of the most sensible content providers on the subject of precious metals, in my opinion. I think that is an important stance to take, especially right now as new and influential "investors" enter the arena. We have enough pumpers, it's good to have a voice of reason. 👍🏻

@2is1gold

2 жыл бұрын

Thanks, Razza!

@MarcoIdolo

2 жыл бұрын

How can someone who have 5-10 oz could be a pumper?

@TheRazzaManazza

2 жыл бұрын

@@MarcoIdolo pumpers being some of the other content providers, not the new investors/listeners.

Started in 1972 bought gold at I think it was $45.00 a ounce and silver at $ 1.75 it's been so long ago... I remember Nixon announced in the summer of 71 we were going off the gold standard... The crook said it was temporary... Like the song said I have a bad feeling about what he did. I talk to the old timers they said buy some gold for insurance I did over the years it help me for two divorces...and college for my daughter, I have mostly silver now what leftover 2.000 ounces silver I can ride this out... Tricky Dick started this mess we have monopoly fiat currency now.

@BasicBeachCommunity1

Жыл бұрын

Families could afford houses back then?? Different world.

@raymondfrye5017

Жыл бұрын

Tricky Dick started this mess in 1972? It wasn't Tricky Dick but Gimpy Roosevelt 1933.

@sal_strazzullo

3 ай бұрын

​@@raymondfrye5017it wasn't even him, those are just the puppets. The organization behind them was the one that set in place the plan to seize and control gold globally

Been buying gold for about 4 to 5 years now and it's come in really helpful when I've needed any extra cash. Like a safety net.

@TaylorWilmes

Жыл бұрын

That’s exactly what it is. And it’s intended purpose.

I started buying gold and silver one year ago. My first purchase was a Silver Eagle and 1 gram Pamp Swiss bar. I now have over 11 oz of gold and 40 oz of silver. I just ordered 2 more Silver Eagles today, keep my stack growing!

@2is1gold

2 жыл бұрын

Nice work!

@trojan7933

2 жыл бұрын

Where do you buy them from?

@vip_supercars3652

2 жыл бұрын

@@trojan7933 jm Bullion, apmex, sd Bullion, ebay

@sj1260

2 жыл бұрын

Where do you live?

@dinobot8698

2 жыл бұрын

@@sj1260 that's hilarious

My savings account gets 0.5% interest and that's as good as I've been able to find. With inflation hitting 5%+ this year I'll gladly take a flier on metals. I'm thinking of it as a more fun and interesting savings method. There's something about holding a coin in your hand that's more comforting compared to seeing digits on a computer screen.

@2is1gold

2 жыл бұрын

Agreed!

@raphx5530

2 жыл бұрын

And to think digits can be wiped out with a few keystrokes

@internetguy8075

2 жыл бұрын

I'm considering starting to buy gold and silver as well for similar reasons. Another reason is that there's a psychological and practical barrier to spending the money on a whim, which would be useful for me personally. Trying to save inflationary fiat money as numbers on a screen is basically combining a whole lot of psychological incentives that push people towards spending.

@nickhamilton8462

2 жыл бұрын

More like 20 percent

@michaelpapazis

2 жыл бұрын

Real inflation rate is 30% bro...

Ive been very curious about getting into purchasing metals as like you said, an investment or saving or an asset - All of the Above. Your video certainly gave me some good insight and gave me some clarity. I feel a lot more confident in moving forward with getting my hand in the cookie jar of metals. Thanks a ton.

The best intro to the topic, to the channel I've seen. Easy description of personal and objective views.

Finally someone that is truthful and understanding about this. Props to you brother. I always have a hard time telling people why I buy gold. Hard to explain. You did a fantastic job!

@2is1gold

Жыл бұрын

Thank you!

My brother I appreciate your honesty and transparency. Blessings!!

@2is1gold

2 жыл бұрын

Thanks!

I agree with you 100%. You Sir, are a very realistic well-rounded Individual. Excellent topic. Please continue!

@2is1gold

2 жыл бұрын

Thanks!

I started late but I have been stacking for 3 years I have 8 ounces gold and 4 kilo silver so I think I am doing ok for 65 year old

@deltamiArt

2 жыл бұрын

lol I'm 30 and bought my first Silver Eagle early last month. I now have 40oz of silver and want to cap my holding at 50oz. lol

@satclass9632

2 жыл бұрын

Better late than never 😜

@thetruedealio8792

2 жыл бұрын

Why do people buy coins instead of just one oz of gold itself?

@mikespence4722

2 жыл бұрын

@@thetruedealio8792 I have one ounce and fractional coins for convenience

@thetruedealio8792

2 жыл бұрын

@@mikespence4722 I am curious. Why are you buying coins, and not just purchasing an ounce of gold? I think they call it gold bullion by weight. I am just starting out and want to know the benefits of each. I am not really going to buy gold to look at the coin itself. I would be buying it as a savings to keep up with inflation or maybe surpass it

Very good points on the appropriate approach to precious metals 👍

The price of gold, for me, is what the price of money is. Gold always leads IMHO. What's weird is explaining it is rather difficult, yet it makes complete sense. It's not an investment in the traditional sense, but because of that, it paradoxically is because of it's hedging ability, etc. I look at gold as savings, at the very least. Rather than holding savings in cash, I hold in gold (and silver).

@2is1gold

2 жыл бұрын

I always think of it as investing in the future as I'm buying it and look at what I have as savings. I'm making too much out of the words, but I always get challenged about word choice in the comments. 😄

@FreneticZetetic

2 жыл бұрын

@@2is1gold Technically it's both if you make gains, right? You go in as savings, but unlike MOST savings accounts you actually earn over time lol.

As far as I’m concerned, my collection is the only vice I have that I don’t feel bad about. Was it worth it? I say yes, no regrets-

@2is1gold

2 жыл бұрын

Same. NO REGERTS

@mikehawk4856

2 жыл бұрын

@@mariofloresmx Even with premiums silver is EXTREMELY undervalued

@edb3877

2 жыл бұрын

@@mariofloresmx Yes, premiums have gone up a lot recently but for those who bought silver years ago and have an all-in cost of $17 or $18 an oz., they are not feeling any pain over the prices they paid.

@imrankh68

2 жыл бұрын

Exactly

@emreduygun

2 жыл бұрын

right on, keep it up, same here, wish I bought more thus far, wish I could have saved all that money from childhood, and more wishes, but I do what I can

I love it, reasonable and sane presentation with good solid advise. Thank you.

@2is1gold

2 жыл бұрын

🤜🤛

For me, my silver investment is 10% of my total investment. Passive investing’s goal is to build wealth gradually. Also known as a buy-and-hold strategy, passive investing means buying an asset to own it long-term. In 2003 silver was $5 and in 2023 it is $22.

@lamarravery4094

Жыл бұрын

For all the silver doubters out there who haven't seen much movement in silver for the last 10 yrs, they forget or don't know that silver was a dollar an oz for a long time. So from a dollar to twenty dollars, there's really no ceiling to how high silver can go. Maybe in the next ten/twenty yrs it can go to a hundred, time will tell.

@user-ei7ku3zu4x

7 ай бұрын

Regardless of the silver bashing clowns these videos always get, you literally cannot lose in silver unless you do something stupid like sell on the dip. If the price falls, buy more...bring your per oz average down. if the price blows up, trade off for a metal that is about the same. Gold or Platinum, most likely.

Got in at $1350 gold and $15 silver. It's been 4 years. Purchase power, major emergencies and universal value are my reasons for owning.

@bitcoindom

4 ай бұрын

Wanted to crunch some math. Gold has gone up about 50% since your purchase. There was about 11 trillion U.S. dollars in circulation. There are now over 20 trillion. Meaning that the M2 expansion of fiat currency is up approximately 100% but your gold is only up 50%. In other words, the amount of money in circulation has gone up nearly 100% but your wealth has only gone up 50%. You've still lost 50% purchasing power. Silver is only up to $22 today meaning that the return on silver has been even worse. Just an honest question, I'm really not trying to make any points here. But do you think the loss of purchasing power still justifies the purchase of gold, especially since the monetary premium on gold for most people is 40-60%? It seems like you're down significantly on your value protected. Because silver has transitioned into an industrial commodity and is no longer considered money since it can be produced at will when the price goes up, do you still want to hold your silver?

@bitcoindom

4 ай бұрын

Thats good! I crunched the numbers above as if you purchased at spot price so that math still checks out. When we purchased gold we bought at scrap instead of spot price. How do you personally feel about that math and logic? Again im genuinely curious I dont have any point to prove @@Joe-no7gs

Just started about six weeks ago. I've got 3x 1oz silver coins and 1x quarter sovereign. On a low budget but at the moment just buying when I can. Loving it.....

@2is1gold

2 жыл бұрын

That's great!

Thank you for this story. Gives me motivation, and hope. Appreciate the video.

Very interesting background, thanks for sharing. I have been at it for a few more years than you and have been following a very similar path give or take. Zero regrets with any of my metal history!

@2is1gold

2 жыл бұрын

🤜🤛

I just absolutely love that your channel is so realistic about expectations on metals. So many people just either rag on metals as pointless or rave about them as the solution to every problem.

@2is1gold

2 жыл бұрын

Thanks, Caleb!

The way you tackle this issue is phenomenal! Kudos for not adding fuel to the "Hype Train" Fire.

@2is1gold

Жыл бұрын

🤜🤛

Late to this video, but being new to “investing” in precious metals. It was very nice to hear such a practical perspective.

Thank you for all of your information your my favourite precious metals creator. Knowledgeable and keep it simple!

Your comments sound like a conversation I had at my LCS recently. I don’t ever feel like I have to buy, or I need to buy. But I can’t shake the idea that I would like to have a little more.

@2is1gold

2 жыл бұрын

It's a constant low level buzzing sensation for me at this point. 😄

When stacking becomes a hobby it’s a great investment. Compared to other things that cost and lose you money that makes it a lot more of a high roi activity than most other things and this is something rarely considered.

Awesome video, I appreciate you showing your Metals slowly, their beautiful.

@2is1gold

2 жыл бұрын

🤜🤛

Very well done young man ;) I appreciate you sharing your unbiased views on the subject...this was real 😎

Brand new to it,.. as of about a month ago. In my early 40's and looking to jump in on something that I feel very behind on. I appreciate the long view perspective. It's so different now with social media as well and the community of metals enthusiasts that has really taken off.

@dac8939

2 жыл бұрын

Still young. You have 50 plus potential years of investing

Appreciate the vid and insights. I recently just started investing in physical gold/silver, and I too made the decision to only buy American eagles. Glad to see that was a wise decision from your experience.

@2is1gold

Жыл бұрын

You made a good choice. Cheers!

I only think of it in terms of not losing all of my money. I’m actually hoping that I don’t see much of a return on my purchases, because it’s likely that things haven’t collapsed. If we find ourselves getting a huge return, things have gotten bad all around us.

@2is1gold

2 жыл бұрын

Yeah, I'll happily take slow gains on metals. Cheers!

@michaelbouillon1241

2 жыл бұрын

🙃

@Bill-xx2yh

2 жыл бұрын

Yes I really agree with your view. I do all I can to not even think of my stack. Just keep it out of my thoughts. Love stacking as a savings plan and a refuge for the destruction of our currency. It’s like being addicted to shopping .. except I’m getting rid of "fiat" and getting money.

@edb3877

2 жыл бұрын

@@Bill-xx2yh Yeah, Bill, that is one of the best aspects of stacking PMs. We use soft fiat currency to buy a hard money asset. This can be changed back into fiat currency at any time if spending money is needed. In fact, I don't even think of this as "spending" money. It's more like converting soft money into hard money. Unlike most things we can spend our money on, we still have money after buying the PMs. It's just in a different and better form. I see my PMs as a savings plan, a hedge against inflation, and financial insurance in case things get really bad. It's not that I an cheering for hard times, though. It's more like I am thinking that if hard times come, I would rather have some hard money than not have it. Considering the way that the US$ has been abused by politicians and Fedsters who SHOULD know better, it is amazing that it hasn't already collapsed or at least been severely devalued in recent years.

@Bill-xx2yh

2 жыл бұрын

@@edb3877 are leaders are largely killing us all.

Personal experiences are the most valuable. Thank you.

@2is1gold

Жыл бұрын

Thanks for watching!

I bought my first quarter ounce philharmonic when it was only 55 bucks. Man do I miss those days. I'm 52 now. Bought my first silver one ounce round when silver was 4 bucks an ounce. Those were the days!!

I look at it as the only thing Goldman Sachs can not steal from me.

I just found ur channel. I don't know much about Gold & Silver. Looking into it now. I'm hoping to see & learn more here. 🙏🏽

Thank you! Definitely something to think about NOW a year later!

100% - glad I found this channel - you think about this exactly like I do and our story is pretty much the same (I started in 2009) - my stack is 75/25 silver/Gold - mostly Canadian maples but have about 90 oz of junk silver too. I do see metals as a bit of insurance but my plans is to liquidate 1/5 of my stack each your in my first 5 years of retirement for holidays. Depending on the price, it could be a trip to the lake or a luxury cruise but I know I will have 5 nice holidays from 60-65yrs of age. My wife does not even know I have the 6 digit (in todays value) of bullion savings. I have only used my employment expense refunds ( I travel a lot) to buy metals and got a few gold maples from my dad when he passed.... Thanks for the great video

Greetings from Poland. In the 2nd week of March, gold came near ATH value in USD. But since we have war in neighboring Ukraine, gold price in our local Polish currency was reaching a new ATH every few days! Recent days it has dropped a little, but still it is about 1/7 above the previous ATH from 2020. So the closer to war area, the more shines the gold.

@andes7479

Жыл бұрын

Interesting, I bought gold since 1987 every time I could, I never needed to sell it since then. Now I am in my 70ties and perhaps I need to sell in the coming 10 years, but it is available and that is good for lower stress. in life.

Appreciate you sharing your honest feedback on precious metals compared to other assets and investments.

Told my wife our precious metals are also there to cover the property taxes if the worst were to happen. We’re debt free so having that backup is peace of mind just in case. Once she heard that she’s been hooked on surfing the metal sites with me. She’s always excited when she sees a fair premium.

@dogwklr

6 ай бұрын

What a babe

After many hype channels I've watched, this is a very level headed, down to earth view on stacking precious metals.

@2is1gold

Жыл бұрын

Thanks! 🤜🤛

Gold is a pretty cool and sexy savings account. I bought a stack of 8 one ounce coins back in 2014 to stuff into my existing coin collection. In 2018 I was in bad financial shape. Sold those panda and maple leaf coins when I was in a real bind. I can't tell you how good it felt to have that safety net to fall back on. It really helped.

@2is1gold

2 жыл бұрын

For sure. Having it when you need is huge. Cheers!

@subzero-ws7wt

2 жыл бұрын

Where'd you sell at?

@renaldolama9517

2 жыл бұрын

@@subzero-ws7wt Coin show in Florida. I did get close to spot. About $15-$20 under.

Greetings. A very interesting video. Thank you so much for sharing your knowledge and experience!

@2is1gold

2 жыл бұрын

Thanks for watching!

Love seeing a fellow stacker talk about other investments. I see too many who "don't trust" these other investments like the market or crypto. Gold and silver will not compound like other investments, but they have their place. I plan on holding about 5% of my net worth in gold/silver (only when looking at crypto/equities and not including home in net worth). It's a fun hobby that has value and has "some" potential to grow.

Love your videos!! You have a very sensible approach to precious metals. I’d love to hear your take on old US fractional gold coins. Do you see them as being more insulated from fluctuations in spot do to there collector value or do you prefer to stay away from them? Thanks

@2is1gold

2 жыл бұрын

I only have a few ($5 Indian Head Half Eagles) and their price has definitely taken off. It’s hard to say if that will hold, but right now your observation is proving true. They’re expensive regardless of where spot is. Cheers!

Pretty much mirrors my exact experience. Great overview

Thank you for the information and high quality videos!

Just found your channel with this video. I haven’t even finished it yet, but I feel confident saying that this is the most sensible, realistic take on precious metals that I’ve seen to date. Literally every other channel I’ve found, in over a year, is emotion/fear/apocalypse-based. Of course there’s a place for metals. I like metals. But they don’t serve the same purpose as either growth or income investments. However, they DO offer better potential for growth than cash sitting in savings, which, as we know, earns far, far less than the rate of inflation.

@2is1gold

Жыл бұрын

Thanks for the note. Good to have you here. 🤜🤛

@melp1088

Жыл бұрын

Agree. That was well thought out and the most articulated explanation on investing in precious metals. It is exactly why i invest in metals and i myself invest in real estates, rrsp, resp for my kids education and whatever else that makes sense at the time. I even started in buying certain porsche cars that have hit the bottom of the depreciation curve. Bought some models, drove em and sold them for a good profit during these pandemic era. Infact, recently i went back to metals due to economic uncertainties. Well done 21. Just earned a subscriber in me. 🙌🏼

@dennispatterson4998

Жыл бұрын

@@DrSchor silly goose?- thats not nice kiddo- I personally bought gold for 1.000.00 a ounce- even in this climate- I have nearly doubled my PM net worth.

I really appreciate your down to earth approach to owning precious metals.

@2is1gold

Жыл бұрын

🤜🤛

Your video was surprisingly helpful! Thank you!

Nice video as always. Thanks for sharing your thoughts and views.

@2is1gold

2 жыл бұрын

Thank you!

38 years this year in metals. I dont regret a thing. Never lost a dime. Always come out ahead. And i have fun doing it.

@Floorguy1000

3 ай бұрын

The fun part is good. I love looking at gold coins. But as an investment? 38 years the rate of compounding return on gold is about 5% ...yup that's it. From $320 38 years ago to $2,043 now..... a whopping 5%.

@user-ei7ku3zu4x

3 ай бұрын

@uy1000 Then youre doing it wrong. lol. gold isnt the 'investment' metal. IF you had educated yourself, youd know that. The other white metals are the ones that are volatile enough over time to actually make money and come out ahead. My rhodium was bought at under $1k. It went to 26K...you do the math. I always come out ahead in METALS. Maybe read next time instead of inserting 'gold' into what has been said.

@Floorguy1000

3 ай бұрын

@@user-ei7ku3zu4x Fair enough. ...well done too I must say! I used to trade gold futures and options on the COMEX in NY back in the olden days...lol ...I was a full NY Cotton Ex member on the same trading floor.

@Floorguy1000

3 ай бұрын

@@user-ei7ku3zu4x Fair enough... and you've done well! ( I used to trade gold and silver on the COMEX in the olden days...lol)

Thanks for your insight, it's very much appreciated. I'm new to the "investment" world so I'm still exploring options (gold, stocks, bonds and real-estate). Unfortunately for me, it took an economic crisis to start thinking about "investments". I hope anyone seeing this will start thinking and researching ASAP.

@keithkantrowitz7591

Жыл бұрын

If you don't hold it, it's not yours. Only phisical metal is yours. Paper is no substitute

Great video 👍, nice summary of your experience in the metals, nice to hear other's stories of this.

@2is1gold

2 жыл бұрын

Thanks!

Very well explained, 👍🏼

The wife and I started buying silver Christmas rounds years ago as stocking stuffers for kids, nephews/nieces and family. Along the way I’d occasionally find an interesting round I just had to have. Last week I found a Republic of Armenia 1oz silver round and bought it! I don’t have a lot of silver and gold, but it’s fun looking for the unusual designs.

I am very interested in technical analysis, I do think it does work . What I am seeing in the charts are big corrections down for both gold and silver, after that the only way will be up, with both gold and silver well past new highs.

@andrewhobson

Жыл бұрын

@@nickyroks6092 Thanks, for your comment, greedy?, for me it is about being in a good place when the system of ever growing number of fiat currency units finally hits the rocks, as it surely must do. Now, the moment of truth is at hand, so for me, it is gold down to about $1640, silver no lower than $17. then both to turn, gold to a new high, well before year end, the USD? Peter Schiff thinks it is going down for the count, who am I to argue? If this does not happen, then I will have got something very badly wrong!

The way you broke down what the word investment means to you is the right way to think. I "invest" in watches also. Many collectors always mention its not an investment if you never sell it. I might not. I may want my kids to have them or have it to lean on in hard times. Either way. Gotta buy smart to make it worth the while, and that's the fun part

I like your video and advice. No bullshit and just pure advice and what worked for you

@2is1gold

2 жыл бұрын

Thanks, Paul!

coming here for some more info before i commit to buying my first gold oz!

@2is1gold

2 жыл бұрын

Good luck. Wednesday’s Fed meeting will have a big impact on price.

Cost-averaging seems like a good way to go. Just like other investments. I just allocate a certain percentage of my monthly income towards this and I can save up for the tubes or gold coins that way.

@2is1gold

2 жыл бұрын

🤜🤛

Great video and very nice gold stack you have there! I just got into the PM market 2 years ago, started off buying tubes of silver rounds and silver maples, and then became fascinated with all the different world coins and series like EC8 and RCM wildlife series. Now its become a collection more than a savings. 😞 Im just about to get some great horned owl and woodland bison coins to (almost) complete the wildlife and birds of prey series. They are rare to come across these days, or at least without a crazy premium attached to the price.

I’m just Starting and taking Notes thanks for the Review

@2is1gold

Жыл бұрын

🤜🤛

I’m glad you continue to educate with a “Sane and Reasonable“ approach to 😂Investing 😂 (oops) in precious metals! I first started my journey in 2000 and luckily started with a dealer that encouraged regimented purchases on available Funds after the food, clothes, housing, IRA/401K, etc…………..purchase over time and cost averaging rather than trying to time the big swings! Oh Yes; There’s Something About Holding Gold in Your Hand 🖐…………….lol, now I regress😳😂 Thanks Again for your channel and I look forward to more of your commentary!

@2is1gold

2 жыл бұрын

Thanks, Greg!

The best time to buy silver and gold is when it is not being hyped/talked about. I am a numismatist (coin collector) and enjoy collecting (type coins and classic commemoratives). Gold: I recommend British Sovereigns (about 1/4 ounce, low premiums, and a beautiful coin. The British Secret Service would sew them into their belts to be used in emergencies since gold is recognized world wide). Buy from a reputable coin dealer (Abbott’s Coins here in metro-Detroit is great).

First time viewer to your channel. I was wondering, without revealing the actual value of your precious metal investments, what would you say has been its return in percentage overall for your 14 years? Also, considering a coin's value to collectors, in coins vs raw bars, would coins be better than bars in the long run for investment?

You've been very wise with your "investments" and hedge! Congratulations sir.

@2is1gold

2 жыл бұрын

Hey thanks, Sal! 🤜🤛

To be successful in markets, traders should understand the crossover between asset classes & liquidity flow. Mrs Julia David focuses on Multi-asset trading, a single strategy to manage risk, profit, and the code or the actual decision-making across multi-asset classes. Her skills set is top notch.

@henrysimon7213

Жыл бұрын

I'm surprised you know her too. I've been making a lot of profits investing with her for a few months now.

@mellisabakker8524

Жыл бұрын

I invest with Mrs. Julia too, she charges a 20% commission on profit made after every trading session which is fair compared to the effort she put in to make huge profits

@michaelparas1499

Жыл бұрын

Great to see you guys talking of Julia, Trading on your own can be very dangerous i can testify to that. This woman changed the game for me

@marklingard7705

Жыл бұрын

Please any information on how i can get intouch with Mrs Julia?

@jessstimpert6781

Жыл бұрын

I think of them as just a more secure store of value than paper money which suffers inflation.

As a tool, I see gold being a rainy day fund that is not denominated in dollars so its quite clear if you are spending it or not (unlike dollars which all look the same). It also needs to be sold/ converted into dollars if it needs to be spent so that adds a stop sign if I plan to tap into that rainy day fund too. AND it has the benefit that over time its purchasing power does not devalue (unlike dollars) so that rainy day fund remains a rainy day fund and not 2 meals at my local McDonalds .

Great vid. I'm very high and I loved the story 👍

I have never looked at buying gold and silver in the same way as I would when buying anything else out there, but instead as a reallocation of my savings; instead of having digital dollar amounts in my bank, I keep a percentage of that cashflow in silver and gold. My hope is of never actually having to use it but instead continue to grow it and, when the day comes for me to move on to heaven, leave it behind for my kids, but if at any point before that and for whatever reason it becomes necessary, I have these real assets to fall back on. I started later in life (late 40's) but I have been consistent over the last two years in buying gold and silver on a monthly basis and plan to continue to do so till the day I die.

I buy precious metals at 2nd hand stores. Once I have a sufficient amount, I send it off to a big refiner, have it converted to 24K and take back casting grain (my refiner charges $6 over spot for grain). I then stash it in my bank box for a 'rainy day'. I don't like keeping silver as it's too bulky. Tuesday, I got 905 grams of sterling at a 2nd hand store for about $50. I'll have it converted to 24K soon enough.

@arty2436

Жыл бұрын

i wanna know more about this

always enjoy your music selections! (and commentary lol)

@2is1gold

2 жыл бұрын

Thanks!

I would rather buy gold and silver to save money rather then putting my money in the bank and risk losing all your money and anytime you want to take a large amount of money out of the bank they basically don’t want to give you it and ask a load of questions in why your taking that money out

From collecting silver for over a year, I have been wanting to get into the gold game. I’m starting our small but the way I see gold is a keep safe or a emergency if you need it

@chuckf3102

2 жыл бұрын

Yea you got it, I buy enough fractional gold to keep up with my silver value. I have a LCS in my town, gets the oddest stuff I kinda have one of all different denominations. Clean slate each day cause his boss buys anything left at the end of the day. If I want silver he has a bin of junk silver, fine by me, I get it cheep.

It was good to buy gold approx. 10 years ago when it was approximately 1/10th of today's price. But like always once something (prescious metals, stocks, houses,...) have risen alot then the media and everyone gets excited. But typically it is too late for astute buyers. Gold for example has out performed the stock market as a whole over the past approx. 10 - 14 years.

I started few years later than you matte, but it working hard for us we know that. Keep it up I am on it!

Really digging all your videos.

@2is1gold

8 ай бұрын

Thank you!

You called the $1920 floor on gold. Looking forward to your next conjecture whether overt or veiled.

@2is1gold

2 жыл бұрын

Broken clock! 😄

What are the tax implications when you sell? Do you need to save receipts ?

Good video man. 8)

Really enjoyed this thanks, subscribed and look forward to seeing what else you have in your channel.

@2is1gold

2 жыл бұрын

Thanks!

This was a no-brainer topic until a few years ago when people began manipulating the value using ETFs. They have oversold gold by almost 100x. Silver has been oversold by several orders of magnitude. It really is a consistent preserver of wealth, but the spot price is now completely decoupled from reality. The dip we saw after 2011 was not reflective of its history.

@wilfriedvomacka1783

2 жыл бұрын

What is RFC?

@Austin1990

2 жыл бұрын

@@wilfriedvomacka1783 *ETFs Autocorrect.

@wilfriedvomacka1783

2 жыл бұрын

@@Austin1990 oh, thanks!

@mictianabsterges1313

2 жыл бұрын

Just but trump coins

@Austin1990

2 жыл бұрын

@@mictianabsterges1313 Not gonna sugar coat it; all the designs I have seen are horribly ugly.