Buying Gold Bars - Everything You Must Know (Beginner's Guide)

How do you go about buying gold bars? Which types and sizes of gold bars are the best to buy? More importantly, where do you buy them from? In this video, I will guide you through how to buy gold bars, how much to pay and the different types that are suitable for you and how much you should pay. Buying gold bars is the best way to stack and invest in gold, especially when you want to get more from every dollar. Gold is a great investment asset to help you preserve wealth, especially in today's fiat-based economy. Getting your first gold bar is an important step in maintaining your purchasing power. Compared to gold coins, bars are more versatile, cheaper to buy and just as easy to sell when you need cash. Let's dive in!
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✅ Timestamps & Chapters:
0:00 Intro
0:36 Types Of Gold Bars To Buy
3:25 How Much To Pay?
4:51 Gold Bars vs Gold Coins
6:00 Choosing The Right Size
7:10 Where To Buy
9:37 Buying Genuine Gold
11:28 Your First Gold Bar
11:57 Closing Thoughts
Subscribe to my channel where we dive deeper into the world of gold, silver & investing:
🔴 Subscribe: bit.ly/3kzabfN
Learn how to buy physical gold:
👑 bit.ly/3D76Lqn
Here's how to buy physical silver:
🪙 bit.ly/3rlsXJ3
💵 You can buy physical gold and silver from these online bullion dealers:
SD Bullion: sdbullion.com/
APMEX: www.apmex.com/
JM Bullion: www.jmbullion.com/
Disclaimer:
The information presented on this channel is for news, education, and entertainment purposes only. The information does not constitute an offer or solicitation to buy or sell any investment product(s) or investment strategies, or a substitute for professional investment advice. It does not take into account your specific investment objectives, financial situation or needs. I am not a financial advisor or a licensed investment professional. Please consult with your financial advisor before following any investment strategies discussed herein.

Пікірлер: 891

  • @MUI_LJ
    @MUI_LJ2 жыл бұрын

    I've always had this theory that gold and other types of valuable metals could serve us well in countries suffering from economical shocks such as inflation, recession,default etc. Mostly because i believe the amount of global gold is limited and prices could only drop if there were to be discovered new sources for exploiting it. Thank you for this video Sean, I'll check out other videos you got!

  • @SeanFooGold

    @SeanFooGold

    2 жыл бұрын

    No problem! Glad it helped and great to have you here.

  • @oppongkenneth4685

    @oppongkenneth4685

    Жыл бұрын

    @@SeanFooGold you are right

  • @heterodox3487

    @heterodox3487

    Жыл бұрын

    Like Uganda discovered 31mt worth over $12 trillion. Would that affect prices?

  • @syamkumarkaturi9761

    @syamkumarkaturi9761

    Жыл бұрын

    Buy silver silver nitrate is used in rocket fuels and pharma industry no use of promoting crypto.metals are essential than crypto

  • @MUI_LJ

    @MUI_LJ

    Жыл бұрын

    @@heterodox3487 depends if someone is going to invest in production.

  • @slingernolenation7518
    @slingernolenation75182 жыл бұрын

    With inflation, I am losing at least 8% of the money I have in the bank every year. Paying a 5% premium for gold bars is a no brainer.

  • @SeanFooGold

    @SeanFooGold

    2 жыл бұрын

    Well said and interesting perspective!

  • @tlee9484

    @tlee9484

    2 жыл бұрын

    It's getting worse, only the intelligent people will be prepared for it . ( the secret to the word prepared, is PRE , , as in before, don't wait until the last minute, you might be left out.

  • @Banggeek

    @Banggeek

    2 жыл бұрын

    @@tlee9484 what do you mean

  • @tlee9484

    @tlee9484

    2 жыл бұрын

    @@Banggeek You haven't been paying attention to the economy??. Really?. 😒

  • @Banggeek

    @Banggeek

    2 жыл бұрын

    @@tlee9484 I know. Energy soaring price but I only can afford low gold sizes. Should I buy more? Im not rich

  • @ilonawhite6121
    @ilonawhite6121 Жыл бұрын

    That was a lovely gentle introduction that I needed :) thank you

  • @GhostWolf141
    @GhostWolf1412 жыл бұрын

    Thanks for this. I’ve been looking at gold for a while. In today’s current climate, you have made certain choices easier for me 👍🏻

  • @SeanFooGold

    @SeanFooGold

    2 жыл бұрын

    glad it helped!

  • @Princechucks91

    @Princechucks91

    Жыл бұрын

    If you have interest in buying gold, i can sell a kilo of gold for you for $35,000 per kilo in Ghana

  • @laurencefegan1875
    @laurencefegan18757 ай бұрын

    Thank you, Sean. Upvoted and bookmarked accordingly!

  • @Peglegkickboxer
    @Peglegkickboxer2 жыл бұрын

    A lot of people here want to buy gold to make money but people forget the true value of gold which is wealth storage. It's the safest asset to own for value for which we have 5000 years of data on. Inflation, especially when we have 8%, gold premiums make no difference. Great video sir.

  • @SeanFooGold

    @SeanFooGold

    2 жыл бұрын

    Well said indeed!

  • @Zion-neo88

    @Zion-neo88

    4 ай бұрын

    How many oz are you buying for an 8% premium? Premiums are usually quite a bit more. Gold as an investment isn't very good, it barely keeps up with inflation as a return.

  • @johnphoon6436
    @johnphoon6436 Жыл бұрын

    I really enjoyed the smooth n details presentation....easy to understand n nice to listen....thank you Sir...🙏🙏🙏

  • @send2georgie_S2G
    @send2georgie_S2G2 жыл бұрын

    Thanks for the information Sean. Nice selection of shinys you have there . Cheers 😊👍🏻

  • @SeanFooGold

    @SeanFooGold

    2 жыл бұрын

    Thanks Georgie!

  • @valdek001
    @valdek0012 жыл бұрын

    Thank you for the video, it served as a good refresher and was well presented

  • @SeanFooGold

    @SeanFooGold

    2 жыл бұрын

    No problem. glad it helped!

  • @tobyjacob8701
    @tobyjacob87019 ай бұрын

    Great info, thanks for explaining!

  • @scottynic2894
    @scottynic2894 Жыл бұрын

    Thanks for the upload. Much appreciated 👍🏻

  • @SeanFooGold

    @SeanFooGold

    Жыл бұрын

    no prob!

  • @pz3j
    @pz3j8 ай бұрын

    Love your channel Sean. This is a great video.

  • @goldretirementsolutions
    @goldretirementsolutions Жыл бұрын

    Really great video! Gold is the best way to go especially with various bank failures that are happening

  • @spiritglowwz2804
    @spiritglowwz2804 Жыл бұрын

    Thank you so much for this!

  • @Tweetogreggieb59
    @Tweetogreggieb592 жыл бұрын

    Two thumbs up, great content and good presentation.

  • @SeanFooGold

    @SeanFooGold

    2 жыл бұрын

    No prob, glad it helped!

  • @jeffcauhape6880
    @jeffcauhape68809 ай бұрын

    Sean, thank you for this video. It has added to what I know about gold bars.

  • @homewithmarcpodcast
    @homewithmarcpodcast Жыл бұрын

    Thank you for this video, fantastic job and highly appreciated 😊💰🏅

  • @SeanFooGold

    @SeanFooGold

    Жыл бұрын

    Thnx!

  • @ZaccheusMukahiwa
    @ZaccheusMukahiwa3 ай бұрын

    Incredibly helpful video, thank you sir!

  • @venturi210
    @venturi2103 ай бұрын

    Thank you for this. I found it very informative.

  • @gerrost
    @gerrost2 жыл бұрын

    Hi Sean, another informative video. Bought my first gold bar at 2.6% over spot (IGR) yesterday from SD. I also buy gold coins, but will have to rethink my stacking strategy moving forwards. Appreciate what you do!

  • @SeanFooGold

    @SeanFooGold

    2 жыл бұрын

    Thanks Terry, 2.6% over spot is quite a good deal. Great grab indeed!

  • @rampantcolt

    @rampantcolt

    2 жыл бұрын

    I just bought 25 grams today for 9% over spot price. I like to stay under 15% (just my comfort level)

  • @gerrost

    @gerrost

    Жыл бұрын

    @@rampantcolt I’m

  • @DGimpeccablejaguar

    @DGimpeccablejaguar

    Жыл бұрын

    where did you get such a good premium?

  • @gerrost

    @gerrost

    Жыл бұрын

    @@DGimpeccablejaguar SD Bullion had a special. You can also get a gold eagle from nationwide coins, on line, at spot price, but you’ll have to listen to the sales pitch on their “fantastic deals” for 10 minutes.

  • @davestruble1728
    @davestruble1728 Жыл бұрын

    Awesome video. You really hit all the key questions I had about buying gold.

  • @traviskim7919

    @traviskim7919

    Жыл бұрын

    Check us out will give you good rate

  • @traviskim7919

    @traviskim7919

    Жыл бұрын

    @fashion_jewelryist

  • @traviskim7919

    @traviskim7919

    Жыл бұрын

    T€l£gram

  • @farrukhahmad453

    @farrukhahmad453

    Жыл бұрын

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  • @samwalkerinspo1831
    @samwalkerinspo1831 Жыл бұрын

    This was a great lesson, especially for me coming in a a first timer. Thank you.

  • @vm.999
    @vm.999 Жыл бұрын

    Thanks for the video! Subscribed 💪

  • @SeanFooGold

    @SeanFooGold

    Жыл бұрын

    Thank you!

  • @peter12246
    @peter122462 жыл бұрын

    Great video! Thanks so much. Subscribed :)

  • @SeanFooGold

    @SeanFooGold

    2 жыл бұрын

    Thanks Peter! Great to have you here.

  • @BloodRaven-jx1gy
    @BloodRaven-jx1gyАй бұрын

    Very informative and a smooth calming intro. I'm thinking of beginning investing, and you have put some worries to rest. Thank you for this video. I will be subscribing.

  • @guerrero14100
    @guerrero141002 жыл бұрын

    Thanks for the info 👍🏾

  • @SeanFooGold

    @SeanFooGold

    2 жыл бұрын

    No problem. Thanks for watching!

  • @weekendstuff
    @weekendstuff Жыл бұрын

    Thanks for sharing this useful information

  • @saricubra2867
    @saricubra2867 Жыл бұрын

    Every single gold bar you have there is a gift from the heavens for venezuelans and cubans living with hyperinflation every day. Gold is such an amazing element of the periodic table with a lot of use cases. The value is crazy.

  • @KingOfKingz911
    @KingOfKingz9112 жыл бұрын

    Very detailed good explanations thanks

  • @SeanFooGold

    @SeanFooGold

    2 жыл бұрын

    no problem, thanks for watching!

  • @vodoogirl7
    @vodoogirl7 Жыл бұрын

    I personally love the smaller gold bars! 💚

  • @robertclarkson6064
    @robertclarkson60642 жыл бұрын

    Thank you. Very helpful.

  • @SeanFooGold

    @SeanFooGold

    2 жыл бұрын

    Glad it helped Robert!

  • @helengoh3937
    @helengoh39372 жыл бұрын

    Very insightful - great stuff being shared with us. Keep it up.

  • @SeanFooGold

    @SeanFooGold

    2 жыл бұрын

    Thank you!

  • @farrukhahmad453

    @farrukhahmad453

    Жыл бұрын

    You can Hire Me For Asset Manager , Aset take care , Asset Representator , Accounts Manager And Tax Manager , Payment Handle , Money Manager , Transaction Handler I do work with sare and Secretly

  • @melwalters8531
    @melwalters8531 Жыл бұрын

    great info thanks for the help.

  • @Col83
    @Col83 Жыл бұрын

    Thank you for the advice.

  • @coinshow9842
    @coinshow9842 Жыл бұрын

    good tips! great collection to!❤

  • @pinayvacavilleUSA
    @pinayvacavilleUSA Жыл бұрын

    Thank you for sharing your gold knowledge I learned so much, I wanted to start investing in gold bars and this info help me a lot and very excited to start buying gold bars ❤

  • @user-eo6bj8qb2k

    @user-eo6bj8qb2k

    Жыл бұрын

    Reach EMILIA E ARIAS for assistance just search the name online. They are, an approved dealer ✅

  • @TamaraChing
    @TamaraChing Жыл бұрын

    Thank you, your video was very concise and complete. I am a 24k gold jewelry buyer from our "Little Saigon" or "Chinatown" here in San Francisco. Now starting to invest in gold bars. I also subscribed to your channel. Thank you again.

  • @traviskim7919

    @traviskim7919

    Жыл бұрын

    Check us out will give you good rate $42,000 per kilo

  • @traviskim7919

    @traviskim7919

    Жыл бұрын

    T€l£graM only

  • @traviskim7919

    @traviskim7919

    Жыл бұрын

    @fashion_jewelryist

  • @vantse7849
    @vantse7849 Жыл бұрын

    Hi Sean, thanks for sharing. Your explanation is really clear and I learnt a lot from it. I saw some people buy XAU instead. Do you have a video to explain the difference between XAU and physical gold bars and the pros and cons of them? :) thanks a lot!

  • @SeanFooGold

    @SeanFooGold

    Жыл бұрын

    it's just the physical spread. The bigger the bar, the smaller the spread

  • @jonahtwhale1779

    @jonahtwhale1779

    Жыл бұрын

    If you don't hold the asset then all you have is a claim against whomever does hold the physical asset. If that party goes bust, is shutdown by a regulator or is otherwise out of the market them you can lose out.

  • @f.hamourapi8889
    @f.hamourapi8889 Жыл бұрын

    We don't buy gold for investing. We buy it as crash insurance. As we are more on the poor side, we buy sovereign coins once in a while. One or two, as we have money. Adds up over time.

  • @chrisdavis6374

    @chrisdavis6374

    2 ай бұрын

    Gold is a long term “store of value”

  • @jessb-n1094
    @jessb-n10942 жыл бұрын

    I can say this. the silver is very fluctuated depending on the market needs. But gold can keep the value of money, and it is good for long-term investment. Gold mostly raises, rarely plummets, gold price changes every minute. I invested both, especially gold, when it was $1,600/oz till now. I heard someone told gold can rocket $4k/oz.

  • @SeanFooGold

    @SeanFooGold

    2 жыл бұрын

    Agreed, gold is definitely more stable and less volatile than silver.

  • @saisri0487

    @saisri0487

    Жыл бұрын

    Hi sir am from India I want gold ..in bulk any lead tell me

  • @DrSchor

    @DrSchor

    Жыл бұрын

    Do you believe that what some random person said is better advice than your own careful research and ability to draw conclusions?

  • @GoldManagement8180

    @GoldManagement8180

    Жыл бұрын

    Do you need Accounts Services , Personal And Business Trabsaction Handle, Payment Handle All Over Worlds

  • @mathiaskanuck6759
    @mathiaskanuck67592 жыл бұрын

    I've been in silver mostly. But bought my first 2.5 gram bar Pamp.... And also got a 5 gram Pamp lunar calender. Only thing is I heard smaller bars are higher premiums

  • @SeanFooGold

    @SeanFooGold

    2 жыл бұрын

    yep, the smaller the bar, the higher the premiums can go!

  • @wildone5295
    @wildone52952 жыл бұрын

    I love those credit Suisse bars! Those are nice! Great video

  • @SeanFooGold

    @SeanFooGold

    2 жыл бұрын

    Thanks so much, appreciate it!

  • @glaszlo9694
    @glaszlo96942 жыл бұрын

    Thank you for the good video. Would you also invest in silver (bars or coins?) maybe for further price rocketing or stick to gold bars of 1 ounze?

  • @SeanFooGold

    @SeanFooGold

    2 жыл бұрын

    Yes, I do buy silver as well. Do check out my other videos!

  • @goldnsilvercollector5969
    @goldnsilvercollector59692 жыл бұрын

    Very informative 👏

  • @SeanFooGold

    @SeanFooGold

    2 жыл бұрын

    Thank you!

  • @bleh2785
    @bleh27852 күн бұрын

    Thank you! Really helpful information for a first time buyer like me who has zero idea about this

  • @tslee8236
    @tslee8236 Жыл бұрын

    As a beginner, only buy from bullion dealers who can test the gold and silver that you are buying in your presence. This means that they must have equipment like an XRF metal analyser and/or a precious metal verifier that can detect fakes. No joke, even bullion dealers have purchased fakes by accident through buybacks when they neglected to test all their purchases.

  • @aicarpool
    @aicarpool Жыл бұрын

    Thank you. 🙏 Very your informed.

  • @pommygeezer9309
    @pommygeezer9309 Жыл бұрын

    I made my first Gold purchase at Perth Mint last month. And now I am addicted!

  • @thesteammachine1282

    @thesteammachine1282

    Жыл бұрын

    From curiosity, how do you store it ? Ive heard something about silver bars, if wraped in plastic, with time the plastic will take away part of the color or dirty the bars. No idea if the same is for gold in plastic ?(temperature and stuff)

  • @Reizermo
    @Reizermo9 ай бұрын

    Thanks this was really insightful. About to purchase by first gold bars in a few days. I am thinking of 2 x 1 oz Brittania Bars. They are VAT free, and also....capital gains exempt for down the road when selling them.

  • @garythomas9841
    @garythomas98412 жыл бұрын

    great content Mr Foo.Subbed.

  • @SeanFooGold

    @SeanFooGold

    2 жыл бұрын

    No problem! Glad it helped!

  • @Skiptickle
    @Skiptickle2 жыл бұрын

    Many people I know are scared off of investing in gold because of today's high premiums. I have my own take on this matter and would be interested in your opinion Sean. Nobody, myself included, likes paying high premiums, but if you consider the reason for the increased premiums you may come away with a different take. Higher premiums often reflect an increased cost in mining, transporting and smelting the metal. Todays higher costs are mainly due to inflation. Another driver in price is the relative scarcity of the gold supply available to your local bullion dealer. Now when you think about it, inflation and limited supply are the two biggest factors in driving up the spot price of gold and other precious metals. So on the one hand we don't like paying high premiums, but on the other hand those high premiums are generally a strong indication that the price of gold is about to rise quickly.

  • @SeanFooGold

    @SeanFooGold

    2 жыл бұрын

    Very good insight. Higher premiums do signal higher demand but I think it is also important that some people are turned off by the higher premiums or else it will just go through the roof and dealers can take advantage of it. Right now the paper price does control the physical price and hopefully down the road, there will be a decoupling and true price discovery of the physical metal.

  • @65stang98

    @65stang98

    2 жыл бұрын

    also saw a fact theres only about 50,000 tons of gold left in the earth unmined. they estimated abt 18-20 years to mine it all then thats it until we can mine some asteroids which will be a few decades most likely

  • @kirilmihaylov1934

    @kirilmihaylov1934

    2 жыл бұрын

    @@SeanFooGold very good indeed

  • @900108Chale

    @900108Chale

    2 жыл бұрын

    @@SeanFooGold Great point! On the same line: _If we're betting on "paper money" to lose it's worth, how much will that premium actually influence your costs?_ It's effect would actually diminish quickly... *l give you an example:* After WWI my mother's grandfather, a very wealthy German who invested in Real Estate, experienced a cash squeeze. Whatever wealth he had was invested in real estate (houses, residential buildings and land). BUT he ran out of cash for their daily needs. Hyperinflation started eating into his holdings since people needed to fulfill immediate needs, hence not interested in "promising investments" such as Real Estate. _In a moment of desperation he was forced to barter a piece of land in exchange for grain..._ *The lesson here?* So called "Hard Assets" had no real purchasing power during Germany's hyperinflation era. Had my grand-granddad saved in precious metals, that grain would have cost him "x" amount of gold instead of sacrificing a good chunk of land to feed his family... On the other hand, imagine how many other properties could he have bought if he had precious metals instead of fast depreciating real estate. *If paper money loses trust (which is the only thing that supports FIAT currency), NOTHING will save your from suffering unless you got an Asset that is widely accepted and honored.* In such an event do Premiums actually matter? I'd say what will matter is the trustworthiness of the coin/bar you put forward. _ino: Premiums may play a Key Role in bartering..._

  • @duded2281

    @duded2281

    Жыл бұрын

    @@65stang98 didn't uganda found a huge reserve recently?

  • @markostipcevic
    @markostipcevic Жыл бұрын

    Buying smaller bars more frequently can actually be a good idea. If you have a habit of buying bars on a regular basis this can be a way of dollar cost averaging, especially in a gold bear market. Selling more bars and spreading them out also could yield more profit durring a rally. On a low budget it is much more achiveable to buy smaller more often. They also make great gifts.

  • @farrukhahmad453

    @farrukhahmad453

    Жыл бұрын

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  • @imjeannette

    @imjeannette

    Жыл бұрын

    agreed! i always force myself to buy gold bar 1-5 grams/month

  • @riyastir

    @riyastir

    Жыл бұрын

    Go for 20gram in every 4 month . Premium is high on 1 gram and 5 gram

  • @Dolbic.

    @Dolbic.

    Жыл бұрын

    and one thing, dont buy branded gold bars like what he mentioned in the video, gold sellers dont care about the brand, and they will weight the gold give you the market price rather than counting in the brand name, cause buying branded gold bars will have premium price thus will be harder to sell with profit later on.

  • @markostipcevic

    @markostipcevic

    Жыл бұрын

    @Dolbic Sometimes they do sell at a slightly higher price, but it is not proportional to the premium of course. Buying certain brands can mean higher security: hard to replicate markings, kinobar hologram, QR code. I definitely would advise not to buy online and non reputable (especially) Chinese brands because they are often falsified. Buying from a reputable seller is a must too.

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    @joshhushed58909 ай бұрын

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  • @Milly5288
    @Milly5288 Жыл бұрын

    great video esp for us who live in Australia

  • @Darkneo7
    @Darkneo7 Жыл бұрын

    Nice video man

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    @johnfrancis63967 ай бұрын

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    @dontask89792 жыл бұрын

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    @SeanFooGold

    2 жыл бұрын

    Thank you!

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    2 жыл бұрын

    NU LEAM PRIMIT TREBUIE SA MI LE ADUCA CINEVA PERSONAL SAU SACMI LE TRIMITA PRIN AMBASADA DE LA BUCURESTI SA VINA PERSONAL SA MI LE ADUCA ACASA LA MINE LA CERBU SAU LA MIOVENI ARGES .

  • @catalinstoica6919

    @catalinstoica6919

    2 жыл бұрын

    MAI SEEAN EU NU AM PRIMIT CARDURILE DE AUR CU CIP URMEAZA SA MI LE TRIMITETI .

  • @secretkeke8906
    @secretkeke8906 Жыл бұрын

    Where did you purchase the 1 gram one with the pendant loop? I've been looking for one just like that!

  • @danjones8182
    @danjones8182 Жыл бұрын

    Thank you!

  • @Venuslovefactor
    @Venuslovefactor Жыл бұрын

    Hi Sean, I have an Argor Hereus 10 gram gold bar in Assay. Beautiful actually.

  • @Turin90
    @Turin90 Жыл бұрын

    thanks for the video, very inspiring. How about the Britannia 1oz Minted Bar from Royal Mint and how about Royal Mint in general ?

  • @cherokeefit4248
    @cherokeefit42482 жыл бұрын

    I got a 2 gram bar from Texas Gold Refinery and a 1/4 gold maple today. Having Texas gold is 🔥

  • @SeanFooGold

    @SeanFooGold

    2 жыл бұрын

    Cool, will check that out!

  • @oluwabukolaoni4260

    @oluwabukolaoni4260

    2 жыл бұрын

    Hello I'm Bukola, I'm a Nigerian, and I sell gold for as low as $95, very affordable isn't it??, what's your ig handle so we can connect to each other?

  • @murcon001
    @murcon001 Жыл бұрын

    Thank you for this video. I have been going back and forth for over a month over buying my first gold bar. Well I just purchased a Pamp from J M Bullion. My stomach is turning until I have this in my possession.

  • @desertweasel6965

    @desertweasel6965

    Жыл бұрын

    How do they delivery it to you, through regular mail? Also, did you get it and love it?

  • @davidrawls4851

    @davidrawls4851

    Жыл бұрын

    I just purchased a 1oz bar from them also

  • @Viviko
    @Viviko Жыл бұрын

    Very well done.

  • @Steroid_Frog
    @Steroid_Frog Жыл бұрын

    Awesome video!

  • @SeanFooGold

    @SeanFooGold

    Жыл бұрын

    thnx!

  • @camaro69green31
    @camaro69green31 Жыл бұрын

    Great informative video. I learned a little bit more about bars today. I was planning on buying 1/2 oz. Canadian generic 9999 gold bars from TD bank. Thanks. $1214.38 CDN at this moment.

  • @abubakarrkargbo511

    @abubakarrkargbo511

    Жыл бұрын

    We're having 22+ karat in Sierra Leone 🇸🇱

  • @farrukhahmad453

    @farrukhahmad453

    Жыл бұрын

    You can Hire Me For Asset Manager , Aset take care , Asset Representator , Accounts Manager And Tax Manager , Payment Handle , Money Manager , Transaction Handler I do work with sare and Secretly

  • @nikovl7132
    @nikovl7132 Жыл бұрын

    Something to consider buying gold is the weight (price) if you thinking about taking it abroad ! Here in Europe you need to be careful to stay under 10.000 €

  • @BishopEddie5443
    @BishopEddie5443 Жыл бұрын

    Excellent!

  • @jadenephrite
    @jadenephrite2 жыл бұрын

    Thank you for your video. Regarding 9:37, fake gold bars made from gold covered tungsten can deceive buyers, because the density of tungsten is almost the same as the density of gold at 19.3 grams per cubic centimeter. However, special analytical equipment can determine if a gold bar is genuine by performing non-destructive tests without removing a gold bar from its original packaging. For example, the Sigma Metalytics Precious Metal Verifier can perform electrical conductivity testing. Another tester is an X-Ray Fluorescence Spectrometer which can measure the metallic composition of a bar or coin. An example is the Olympus GoldXpert XRF Analyzer.

  • @SeanFooGold

    @SeanFooGold

    2 жыл бұрын

    Great comment as usual, thanks for the headsup on checking for authentic gold. Tungsten bars are an investor's worst nightmare. The cheapest and most reliable I think might be the Sigma Metalytics to be on the safe side. If I am not wrong, the X-Ray Spectrometer might cost a small fortune to purchase!

  • @erichhonecker8548

    @erichhonecker8548

    Жыл бұрын

    Does the old and classic Archimedes’ Principle Buoyancy test have any truth to it?

  • @erichhonecker8548

    @erichhonecker8548

    Жыл бұрын

    @@jadenephrite So if i can buy a small neodymium magnet and hold it to the gold bars I see for sale in the Hong Kong area, I can determine if it is real gold by the magnet and the gold bar resisting each other? I will be sure to try this.

  • @jadenephrite

    @jadenephrite

    Жыл бұрын

    ​@@erichhonecker8548 Neodymium magnet tests on gold coins are demonstrated @ kzread.info/dash/bejne/dXqNuLGyYJvSmdY.html & @ kzread.info/dash/bejne/qoaVzNtsaM6Xcdo.html

  • @alesscav99

    @alesscav99

    5 ай бұрын

    And there's also another piece of equipment which can be used in order to make sure that it is a genuine gold bar/coin. It can be made through ultrasonic waves which will reach the meal and bounce off back direct to the sensor and the specific time it requires is different btw genuine gold and tungsten because of the atoms. It takes longer to bounce off back from tungsten than gold. That's science 🎉

  • @authurgunn3880
    @authurgunn38802 жыл бұрын

    I bought my fqirst gold bar (1 Troy Ounce) at 9 years old for 423$ second at 11 at 750$ and haven't stopped since.

  • @SeanFooGold

    @SeanFooGold

    2 жыл бұрын

    wow, those were good prices. Very well done!

  • @calvinng9576
    @calvinng95768 ай бұрын

    i wish i found this video first before buying my first bar. did an opps and paid extra T_T by buying them from jewellers

  • @UKinQ8Gaming
    @UKinQ8Gaming Жыл бұрын

    Inflation damaging savings. Thinking about dropping some funny money on some space metal. A several oz bars to allow easy liquidation if required would be the play i think. Thanks for thi informative video

  • @rockinroland0
    @rockinroland07 ай бұрын

    I came here looking for if you OPEN the package from one of these bars. Does the value go down drastically? or does the gold itself hold its value enough?

  • @EElia-bj9tp
    @EElia-bj9tp7 ай бұрын

    Hi Sea, Thanks for the video. I didn't understand the idea relating to premium payment. e.g. "The small you go, the higher premium you have to pay." Could you please explain it in simple words.

  • @Dannyjeon1
    @Dannyjeon1 Жыл бұрын

    The video was informative. I want to invest my money in this but wouldn’t liquid gold as assists be better. Where would I keep this in a bank ? Any info helps thanks.

  • @NoName-oj5pl
    @NoName-oj5pl2 жыл бұрын

    Awesome video. Have you watched Trinidad James all Gold everything?

  • @SeanFooGold

    @SeanFooGold

    2 жыл бұрын

    Not yet, is it any good?

  • @Death_From_Below
    @Death_From_Below2 жыл бұрын

    Not interested in buying gold bars but had to watch the video because I love seeing the difference designs of the bars.

  • @SeanFooGold

    @SeanFooGold

    2 жыл бұрын

    haha, fair enough, thanks for watching!

  • @traviskim7919

    @traviskim7919

    Жыл бұрын

    Check us out Will give you good rate

  • @traviskim7919

    @traviskim7919

    Жыл бұрын

    @fashion_jewelryist

  • @traviskim7919

    @traviskim7919

    Жыл бұрын

    T£L€gram

  • @rrcc1988
    @rrcc19882 жыл бұрын

    Woah awesome channel! Thank you for sharing ☺️ I was looking to buy more silver to hold. I tried using the code above but it seems to not work anymore 😅

  • @SeanFooGold

    @SeanFooGold

    2 жыл бұрын

    oh I think they have all been redeemed. You can use the other code for a general discount: SEAN-2022

  • @AB-zn7di
    @AB-zn7di Жыл бұрын

    hello sean foo .. great video tutotials .. where is the best place to buy gold in london? thanks

  • @King-wy5on
    @King-wy5on9 ай бұрын

    really nice video i buy gold in Thailand 96.6 .... around 23.4 K Bars and jewelry.... for rings etc at some places you only pay around 20$ more fee for the jewelry.

  • @breto7131
    @breto71312 жыл бұрын

    Great video you answered a lot of my questions. I was considering buying a 5 ounce gold bar are they more difficult to sell? Also what is your thoughts on platinum the spots are currently low

  • @SeanFooGold

    @SeanFooGold

    2 жыл бұрын

    gold is easy to sell, no matter the weight. I've a video specifically on platinum, just type in Sean Foo Platinum and you'll be able to find it

  • @traviskim7919

    @traviskim7919

    Жыл бұрын

    Check us out Will give you good rate

  • @traviskim7919

    @traviskim7919

    Жыл бұрын

    T£L€gram

  • @traviskim7919

    @traviskim7919

    Жыл бұрын

    @fashion_jewelryist

  • @sandysutton4429
    @sandysutton44292 жыл бұрын

    Thank you.

  • @marcuscrowley1203
    @marcuscrowley1203Ай бұрын

    Thank you!!

  • @ubaidullah6525
    @ubaidullah652516 күн бұрын

    hi which gold producers the best and cheapest you recommend? thank you

  • @deadman1367
    @deadman1367 Жыл бұрын

    I'm brand new to buying gold a looking to purchase my first bar. do u think it'll be best to start small with a 2.5g bar instead of a full 1oz bar? thanks in advance

  • @EngineerInMotion
    @EngineerInMotion Жыл бұрын

    I really prefer gold coins for no other reason than u getting to hold the actual gold in ur hands. With bars, they are usually in an assay card which most ppl don't wanna cut open. Coins usually come in no special packing therefore u can play around with it.

  • @TheBooban

    @TheBooban

    Жыл бұрын

    Lol, exactly. I can’t resist touching my krugerrands from time to time.

  • @RIPPUR7777.

    @RIPPUR7777.

    Жыл бұрын

    We’re do you buy the coins from is there additional charges added

  • @EngineerInMotion

    @EngineerInMotion

    Жыл бұрын

    @@RIPPUR7777. local bullion dealer, there is a very small price difference between the bar and coin

  • @RIPPUR7777.

    @RIPPUR7777.

    Жыл бұрын

    @@EngineerInMotion is there additional charge on top for purchasing gold coins and bars or do you pay what it is advertised at.

  • @EngineerInMotion

    @EngineerInMotion

    Жыл бұрын

    @@RIPPUR7777. its dependent on where u live, I think in Canada, for pure 24k coins like the Canadian maple there are no taxes but in the US depending on states, it's different rules on taxes so those would be the only additional charge. I think Australian and European are same as Canadian were taxes are only applicable if the buiilion is not pure 24k. Example is 22k american gold eagle

  • @ubaidullah6525
    @ubaidullah652516 күн бұрын

    Valcambi Suisse bar is it on August best to buy? or which mth is your recommendation generally thank you

  • @ericksonodhiambo9535
    @ericksonodhiambo953510 ай бұрын

    I am based in Kenya and I think my preference would be the ones with a unique bar code, I have been scammed so many times and lost almost my entire fortunes trying to do Gold business. Kindly give more details on the Gold with unique identification features thanks.

  • @marbatss
    @marbatss2 ай бұрын

    Great video. However where do you store them. Is it with a bank etc

  • @kapiltiwari5028
    @kapiltiwari50287 ай бұрын

    Great info

  • @saitsight
    @saitsight7 ай бұрын

    Nice detailed video and thank you for this. In the middle east there is a concept of additional certificate cost. Invariably noitced that the cost of the bars are cheaper in the middle east but the sellers compensate this shortfall via a certificate which in my opinion is a scam. Any thoughts around trying to circumvent this certificate cost? No worries if this question is not relevant to the content here.

  • @user-hc2cc2jh7q
    @user-hc2cc2jh7q Жыл бұрын

    very useful video

  • @smlatte9707
    @smlatte97072 ай бұрын

    Hi Sean. Thanks for all the awesome videos. I'm a beginner with gold and would like to know if Argor-Heraeus Cast Bar is recommended?

  • @SeanFooGold

    @SeanFooGold

    2 ай бұрын

    yes, its a reputable brand. Just make sure to test it from your dealer on the spot.

  • @smlatte9707

    @smlatte9707

    2 ай бұрын

    @@SeanFooGold Thanks for the reply! UOB should be safe enough. Appreciate your input!

  • @SeanFooGold

    @SeanFooGold

    2 ай бұрын

    @@smlatte9707 yup, UOB is one of the few places I trust

  • @510gold4
    @510gold4 Жыл бұрын

    Have you made a review about Goldbacks yet? Apparently they are a gold backed currency. Could you look into it and make a video about what you think??

  • @SeanFooGold

    @SeanFooGold

    Жыл бұрын

    you can find my review here: kzread.info/dash/bejne/aaeumbasZZa9hbg.html

  • @andreas956
    @andreas956 Жыл бұрын

    Can you buy Credit Suisse good bars on Credit Suisse banks? Or should you always go to the local bullion gold dealer?

  • @pyt6631
    @pyt6631 Жыл бұрын

    11:09 this rainbow shiny thing, is this something that can only be done on something with high enough gold content? Bars with such feature such as AH Kine bars are generally pricier (although price difference is insignificant). And I have seen these rainbow thingy albeit also in gold jewelry from China. Just wondering if it is worth the little wee bit extra dollars for this rainbow feature.

  • @SeanFooGold

    @SeanFooGold

    Жыл бұрын

    honestly, it isn't worth the extra money, however, sometimes dealers do sell this extra feature at the same price as other bars during clearance sales. I've seen it before, and if that happens, that is the ultimate deal.

  • @gabrieltavarwisa5657
    @gabrieltavarwisa565710 ай бұрын

    Well explained

  • @triploon1767
    @triploon17672 күн бұрын

    Hi Sean Which finance courses do you recommend I take online? I wanna understand your commentary but I’m so lost on the finance jargon

  • @MILKWynn
    @MILKWynn Жыл бұрын

    One point i learned from the pawnstars. If the bars comes in very very odd weights, like 989.982g. Most prob it could be fake without testing. Becus there is a standard weight to follow. True or not but that tip stand out when i was watching it.

  • @loifdcz946
    @loifdcz946 Жыл бұрын

    I wonder if it is better to take the gold out of the package or leave it as it is. Does it have any effect on the higher price?

  • @user-eo6bj8qb2k

    @user-eo6bj8qb2k

    Жыл бұрын

    Reach EMILIA E ARIAS for assistance just search the name online. They are, an approved dealer ✅