Did I make a MISTAKE buying these gold coins?

In this video I talk about buying gold coins and a mistake I made when I first started investing in physical gold. If you are wanting to buy physical gold then this is the video for you. The larger a piece of gold is the smaller the premium on that piece of gold is typically. This goes for gold coins such as gold krugerrands and gold eagles as well as gold bars. If you want to pay the lowest premium and get the most for your money they I advise buying gold in the 1 oz size. When you buy a 1 oz gold coin the total cost will run you just over $2,000 today, but the premium you pay for the gold will be significantly lower compared to fractional gold. Below is my video on trading silver for gold:

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Topics I cover in this video: gold coins, gold coin, buying gold, buying gold coins, gold krugerrand, gold krugerrand coins, gold krugerrands, gold eagle, gold eagle coins, american gold eagles, investing in gold, gold investing, physical gold, best gold to buy, best gold for investing, gold mistake, mistake buying gold, gold investing mistake, what gold coins to buy, best gold coins to buy, best gold to buy, best gold to invest in, best gold coins for investing, worst gold to buy, worst gold for gold investing, gold bars, gold bar, investing in gold bars

#gold #goldcoins #preciousmetals

[zlamont]

I agree with you on the lower premiums for larger coins and I agree with your get the most for less philosophy, but with that being said not every one can afford to buy 1 oz gold and 10ths and 1/4s are very liquid and that premium (all though less) does stay with the fractional sizes when you go to sell. They are not hard to move when you need to, and in my opinion I believe its important to include fractional gold in your stack. I would not say the same for silver though. I think fractional silver is a complete waste of money unless we are talking about junk silver. Just my opinion

[morganman]

I could argue that through your diligence, you actually did it the RIGHT way. Not only do you finally have that ounce, you also have the pieces of fractional adding further weight to your collection

[nowayjose]

As a stacker I believe you should have the 1/10, 1/4 and 1/2 ounce coins in case you need some fast cash.
I cannot save cash for the life of me so I started stacking to have as a savings account that is hard to buy anything from.
When things happen, you can sell that fractional gold instead of a full ounce then buy that same fractional gold later that same year.

[robwerts]

I started to put money in a gold ETF regularly. And when I have saved enough, I sell some shares, visit a coin show and buy a 1oz gold piece. Making sure buying and selling the ETF is free of transaction fees and it has a low expense ratio. With this I have more gold exposure and I save a lot on premiums.

[stackerothings]

Your rational is 100% on. The problem is some people (including me as a youngin) can’t save. For those, I would say it’s better to buy a 1/4oz than try to keep that money in an account when you know full well it will get spent elsewhere before you save up enough for a full oz.

[pd]

So easy to get caught up in collecting that it’s easy to overlook the premium that may be very hard to recoup even longer term.

[JewelryEnthusiast]

Excellent video and from my own experience, totally agree. Thanks for breaking it down to show exactly how much we lose buying fractional gold.

[TheQuickSilver]

Was it a mistake or part of the learning process? There are valid reasons to get smaller fractional gold in spite of the premiums, but if you're looking to maximize your gold purchase buying one ounce is almost always better. Thanks!

[BinManSays]

Here in UK our sovereigns tend to have the same premium as the 1oz Britannia, granted it still doesn't add up perfectly as they're 1.8g shy of an ounce with 4 full sovereigns (finne weight) but as they're so liquid and affordable it's hard not to trust in them here especially if you can snag a shield back

[jimmyquick]

I stay away from all gold bars. 1 oz coins are my go-to.

[larryyeadeke]

Actually I would think it's good to have some of each size.

[ericpellegrino]

Yo, ...SD, really great video, especially for those of us DCA-ing. Great eye-opener!

[christopherwallace]

fractional gold has similar or lower premiums then silver

[papawstrategy]

I like how you broke that down. Definitely an oz is the best way to go.

[glockman-mwqb]

Your theory is correct, but it depends on when you purchased the gold coins. If you purchased 30 years ago, it doesn’t matter what premium you paid, you definitely made money.

[goldbearbunny]

Really the only mistake would be not buying gold no matter what size at least you would have a little insurance in your pocket

[thierry]

Great video sir …. Would you make another one like this since prices went crazy .. very informative.. salute

[Caomhghin]

I disagree! The minting-costs for 1 oz are basically the same as for producing 1/10 oz pieces. The fractional coins will probably hold their premiums pretty well.
If you believe the gold price will go up significantly than you must ask yourself how many people will still be able to afford 1oz goldcoins in the future: Full ounces could become quite illiquid and impossible to sell over spot at some point in time!

[haroldsmith]

31.1 grams is correct for the Troy ounce. I've been using 28.4 and dividing that into 2100 for gold and thinking then that would be about $74 per gram---It should be $67---And I foolishly bought over 50 1 gram w/assay cards and loss my tail on it---Live and learn sometimes the hard way.

[phillipharris]

Love your channel. Sometimes it’s nice to buy a piece of gold that’s affordable. It satisfies the craving lol