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

[@ChristopherAbelman]

Precious metals offer intrinsic value, stability during economic uncertainty, and diversification benefits, no doubt, but why choose that when the economy is riding on new corporate growths and breakthroughs? I wouldn't be putting capital to buy silver and gold if my stock portfolio can give me a 40% ROI.

[@bartlyAD]

I agree. But you know not everybody has that expertise to choose the right stocks. Some may not choose good stocks, and you know that could be as bad as anything, except of course they hire a good financial advisor.

[@FinnBraylon]

Then hire a financial advisor? The logic is literally self explanatory. How do I make five figures from the market monthly passively? You think I have a PhD in economics or whatever degree you need to invest?

[@HildaBennet]

Yes, but you do agree the amount of information on the internet can be overwhelming? Now we are talking about that, maybe you could recommend who you work with? I've put that off for too long.

[@FinnBraylon]

“REBECCA NOBLETT ROBERTS” is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@HildaBennet]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@PremSteve-yg4de]

Considering the current market uncertainty, it appears prudent to consider investing in gold or a gold ETF. I'm contemplating allocating over $300k for retirement purposes. While the potential for short-term gains in a bullish market is enticing, I recognize the importance of maintaining a long-term investment strategy.

[@edelineguillet2121]

Gold is seen as a safe bet during economic ups and downs. But investing in it can be tricky. Some people lose money because they don't understand how it works. So, it's wise to be careful. I suggest talking to a financial advisor who can help you figure out when to buy and sell.

[@belobelonce35]

Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.

[@bernisejedeon5888]

How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?

[@belobelonce35]

Rebecca Nassar Dunne is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@yolanderiche7476]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@NicholasBall130]

Buying silver and gold is easy, but it is renowned for stability during economic hard times like this. The main problem is investing in stocks, dividends and even cryptocurrencies to grow your portfolio.... I’ve been trying to grow my portfolio of $190K for some time now, my major challenge is not knowing the best entry and exit strategies ... I would greatly appreciate any suggestions

[@cowell621]

Just try to diversify your portfolio to other market sectors, that way your portfolio is balanced and you don’t get to make so much losses. Also engage the services of a financial advisor to walk you through

[@StocksWolf752]

Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.

[@StacieBMui]

How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings

[@StocksWolf752]

“Rebecca Nassar Dunne”’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@lolitashaniel2342]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@MUI_LJ]

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]

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

[@oppongkenneth4685]

@@SeanFooGold you are right

[@heterodox3487]

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

[@syamkumarkaturi9761]

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

[@MUI_LJ]

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

[@slingernolenation7518]

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]

Well said and interesting perspective!

[@tlee9484]

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]

@@tlee9484 what do you mean

[@tlee9484]

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

[@Banggeek]

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

[@barttfisher]

I'm in my 40s and I'm more interested in investments that could set me up for retirement , I mean I've heard of people that netted hundreds of thousands during these crash, I listened to someone on a podcast who earned over $650K in less than a year, what's the strategy behind such returns?

[@HildaBennet]

Find quality stocks that have long term potential, and ride with those stocks. I have found it takes someone who is very familiar with the market to make such good picks.

[@PennyBergeron-os4ch]

How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

[@HildaBennet]

I can't divulge much but Sonya Lee Mitchell is the FA I work with you, you can do your due diligence as she's very much accessible to the public

[@PennyBergeron-os4ch]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@tonyb7748]

@@PennyBergeron-os4ch How did your appointment go? Did you hire or pass? I know a good Fiduciary here in Philadelphia looking for clients if you need one.

[@Peglegkickboxer]

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]

Well said indeed!

[@Zion-neo88]

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.

[@frankiethefrog1752]

@@Zion-neo88I mean depends on when you buy. I’m sure the people in the early 2000’s are fine with nearly 1000% increase in value on their gold. If I bought for $260/oz I’d be happy that it’s over $2400 now.

[@ilonawhite6121]

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

[@f.hamourapi8889]

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]

Gold is a long term “store of value”

[@tslee8236]

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.

[@markostipcevic]

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]

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

[@imjeannette]

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

[@riyastir]

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

[@Dolbic.]

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]

@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.

[@travistaylor6110]

This is by far one of the best instructional videos on gold I've seen! Very knowledgeable and it's clear that your information is correct and valuable! Thank you for this! That Canadian Maple coin was beautiful!

[@Skiptickle]

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]

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]

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]

@@SeanFooGold very good indeed

[@900108Chale]

@@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]

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

[@jessb-n1094]

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]

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

[@saisri0487]

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

[@DrSchor]

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

[@GoldManagement8180]

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

[@JoshWrecksPvP]

Gold is now 4K an oz

[@laurencefegan1875]

Thank you, Sean. Upvoted and bookmarked accordingly!

[@gerrost]

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]

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

[@rampantcolt]

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

[@gerrost]

@@rampantcolt I’m

[@DGimpeccablejaguar]

where did you get such a good premium?

[@gerrost]

@@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.

[@vodoogirl7]

I personally love the smaller gold bars! 💚

[@alanparks7919]

Excellent video and advice. Thank you!

[@tobyjacob8701]

Great info, thanks for explaining!

[@saricubra2867]

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.

[@mathiaskanuck6759]

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]

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

[@AndersenInvest]

Thank you for such a good, informative video! This knowledge is any beginners 101 information on gold bars!!❤ subscribed🎉

[@johnphoon6436]

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

[@funkb0x]

10 years ago I was considering buying a 10k camper van & I brought 10 x 1 ounce gold Britania coins from the Royal Mint. The camper van in now worth a 1/3 of the price & the value of gold has doubled. A £3,333 van or £20,000 of 999.9 gold?

[@GhostWolf141]

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]

glad it helped!

[@Princechucks91]

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

[@rockinroland0]

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?

[@EngineerInMotion]

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]

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

[@RIPPUR7777.]

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

[@EngineerInMotion]

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

[@RIPPUR7777.]

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

[@EngineerInMotion]

@@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

[@mohammadkazim2149]

Im from Dubai and started stacking gold in May .. mostly Pamp bars .. got to 10oz in December, hoping to get to 20oz in 2022

[@SeanFooGold]

Can't go wrong with PAMP. Keep stacking buddy!

[@terjemyhre3123]

happy for you

[@susancruise1499]

Nice what's your address please?

[@oworld4057]

@@susancruise1499 🤣

[@mohammadkazim2149]

@@libralife420 two shops i buy my gold bars from are “ Anjali Jewellers & Goldsmith L.L.C” and “ RAKZ GOLD AND DIAMONDS LLC” both are in Gold market and both are reputable dealers

[@goldretirementsolutions]

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

[@samwalkerinspo1831]

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

[@nikovl7132]

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 €

[@joshhushed5890]

Most people simply enter the foreign exchange market without comprehending matters like this. The first stage in building money is determining your goals and risk tolerance, which you may do on your own or with the assistance of a financial counselor who works with a verified Finance agency. And also you can learn the facts about saving and investing and create a clear plan, you should be able to acquire financial security over time and enjoy the benefits of income management.

[@GeorgiaMoore.]

That is why I work with John Desmond Heppolette, who introduced me to a better Financial community, a verified agency where I learned how money works and how to create it, as well as free books, courses, and daily lectures. You also get to meet new people, which was the best decision I ever made.

[@genavazquez2943]

Yeah, that guy is one asset manager that gives the breakdown of everything on how things are done, joining an effective financial community can be 100% beneficial when joined properly that's all I can say out of experience

[@raymanmorrison3994]

Thank you so much for the advice. Your coach was simple to discover online. I did my research on him before I scheduled our phone call. He appears knowledgeable based on his online resume.

[@Lincoln191]

Exactly why i enjoy market decisions being guided by a professional, seeing that their entire skillset is built around going long and short at the same time both employing risk management and market experience, been using the expertise and guidance of John Desmond Heppolette, for over 5years+ and I've netted over $3million in that time frame..

[@NazriB]

Lies again? Grab CDG Spank Bang

[@ZaccheusMukahiwa]

Incredibly helpful video, thank you sir!

[@send2georgie_S2G]

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

[@SeanFooGold]

Thanks Georgie!

[@jadenephrite]

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]

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]

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

[@erichhonecker8548]

@@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]

​@@erichhonecker8548 Neodymium magnet tests on gold coins are demonstrated @ kzbin.info/www/bejne/eXe8h4KvZZ2fn9U & @ kzbin.info/www/bejne/roPEm6xpbdBkd9k

[@alesscav99]

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 🎉

[@murcon001]

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]

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

[@davidrawls4851]

I just purchased a 1oz bar from them also

[@bleh2785]

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

[@authurgunn3880]

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]

wow, those were good prices. Very well done!

[@pz3j]

Love your channel Sean. This is a great video.

[@Death_From_Below]

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

[@SeanFooGold]

haha, fair enough, thanks for watching!

[@traviskim7919]

Check us out Will give you good rate

[@traviskim7919]

@fashion_jewelryist

[@traviskim7919]

T£L€gram

[@mosqutio88]

Thanks for the video, Sean. I learned a lot. I'm going to purchase a PAMP 1oz bar and the Dragon 2024 from the Perth Mint.

[@Tweetogreggieb59]

Two thumbs up, great content and good presentation.

[@SeanFooGold]

No prob, glad it helped!

[@BloodRaven-jx1gy]

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.

[@glaszlo9694]

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]

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

[@vantse7849]

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]

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

[@jonahtwhale1779]

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.

[@copperlight]

Just bought my first 5g Gold and 5oz Silver 🙈

[@SeanFooGold]

Congrats! Welcome to the club!

[@jumpingsloth3963]

Careful. Lol it can get a bit addicting. I've moved on up to 10 silver bars, silver maple leaves and 5-10 gram golds

[@ryanm6898]

@@jumpingsloth3963 I just hoarded 50 1989 maples at my local coin shop still in the mint pouches! Love the maples such a beautiful coin.

[@McAngryface]

I'm so excited for my 5g argor heraeus Kinnear its so pretty

[@GoldManagement8180]

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

[@TamaraChing]

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]

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

[@traviskim7919]

T€l£graM only

[@traviskim7919]

@fashion_jewelryist

[@sugarray8142]

I used to buy Pamp gold bars but found out from the dealer there are very realistic fakes floating around. I only buy from authorised dealers but knowing there are fakes on the market affects the trust in them. I prefer sovereign gold coins as they are hard to fake and I am hoping they will be easier to sell in future. Btw, Good channel on precious metals!

[@SeanFooGold]

Thanks for watching! Yup gold bars are indeed more frequent to counterfeiting. Best is to test them on the spot when purchasing for that peace of mind.

[@davida6146]

Yeah, I'm not a fan of Pamp for that reason

[@godanddevil.5331]

GOLD AND SILVER ARE NEW BITCOINS

[@Dedicated_.1]

@@SeanFooGold How do you test them ?

[@waywardsoul4918]

@@Dedicated_.1 pamp has an app specifically for their bars. I suggest you get the app.

[@smlatte9707]

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]

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

[@smlatte9707]

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

[@SeanFooGold]

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

[@cherokeefit4248]

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

[@SeanFooGold]

Cool, will check that out!

[@oluwabukolaoni4260]

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?

[@matt3247]

I just found a deal with an online dealer to buy 1 oz. of gold (bar) at spot price. I jumped on it for my first gold purchase!

[@traviskim7919]

Check them out Will give you good rate $47,000/kilo Purity- 999.9 Fine gold

[@traviskim7919]

@fashion_jewelryist

[@traviskim7919]

T£L€gram

[@big-daddy-j7879]

Out of curiosity in a “SHTF” sort of scenario, wouldn’t having gold at lower weights be more valuable for bartering purposes? Just hypothetically speaking would it be easier to transact in lower weights like a 1-10 grams in case of a nation state collapsing or hyperinflation destroying a fiat currency? Long term storage and capital preservation of wealth with the larger weights make more sense but if bartering had to be done it would be easier and safer to use smaller amounts right?

[@SeanFooGold]

The big problem is the premium loss which is significant at 1-10 grams. It can get up to 20-40% above spot. I'd rather just cash out a full ounce and spend the fiat over a few weeks or a month.

[@letsbefreeletsbefree7183]

Then i Believe silver is better when you need to buy food and stuff

[@godanddevil.5331]

GOLD AND SILVER ARE NEW BITCOINS....

[@fatjoe66666666]

In a shtf situation only tangible assets will be bartered with, no one is going to trade you a cow for shiney metal or magic invisible internet money. Things of value would be lead, brass, food, etc.

[@catalinstoica6919]

UNDE SANT FACUTE AN GERMANIA SAU COREEA ?

[@davestruble1728]

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

[@traviskim7919]

Check us out will give you good rate

[@traviskim7919]

@fashion_jewelryist

[@traviskim7919]

T€l£gram

[@farrukhahmad453]

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

[@homewithmarcpodcast]

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

[@SeanFooGold]

Thnx!

[@DF__1900]

If I go online right now and buy a 1 oz Pamp for $2514.... when I want to sell where do I go and how much will I get back?

[@scottynic2894]

Thanks for the upload. Much appreciated 👍🏻

[@SeanFooGold]

no prob!

[@arpandey7043]

Cast Gold bar is my favourite type

[@valdek001]

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

[@SeanFooGold]

No problem. glad it helped!

[@chloeomahony97]

I’m interested in getting some gold. When do you think is the right time to sell?

[@frantiseklaluch6605]

10g PAMP every month or two seems like a good option for small stackers. Under 10g is premium through the roof... I do own 1g PAMP, but I just wanted to have one for fun.

[@SeanFooGold]

Yep, I find 5g and 1g bars to be insane. Premiums can go even beyond 30% in certain cases

[@frantiseklaluch6605]

@@SeanFooGold According to my statistics in my country (CZ): 1g - 30%, 2g - 20%, 2,5g - 25% (PAMP only always higher premium), 5g - 14%, 10g - 10%, 20g - 8%, 1 oz and 50g - 6,5% I am looking to buy under these premiums, possible to buy 5g bar or 1/4 oz coin for under 8% premium sometimes

[@SeanFooGold]

@@frantiseklaluch6605 Looks about right. But 50grams should technically have a lower premium. But yea, 1g premiums are outrageous.

[@frantiseklaluch6605]

@@SeanFooGold Right, 50 g should have lower prremium, but does not. My personal explanation, 50g bars are made in smaller batches an also sell less than most common 1 oz bars/coins. That makes 1 oz the best option. Also easier to sell.

[@SeanFooGold]

hmm makes sense, I think 50g bars might even be less popularthan 1 oz bars or coins

[@Venuslovefactor]

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

[@mickymouse6447]

Head up that coins are CGT where as bars are taxed. This is for UK 🇬🇧.

[@SeanFooGold]

yup, in the UK, i think the Britannias and sovereigns are CGT exempt.

[@ubaidullah6525]

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

[@Gardensandgrills412]

I bought three 1 gram pieces, same exact ‘brands’ (I’m new to this)…a gold mini roo and PAMP silver bar. Really interesting points and comments from all in the comment section. Had no idea about the premiums but now I know! I just figured to start off maybe start small, I also wanted some variety and don’t quite have the money yet to just get a 1oz bar. One day in the near future…very informative video!

[@SeanFooGold]

Thanks, welcome to gold stacking!

[@chappieq5805]

The website I was looking at was charging 86 a gram for a single gram and 56 a gram for a 5 gram piece so maybe look at buying larger pieces

[@farrukhahmad453]

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

[@justinmadonna3733]

Definitely do not buy fractional silver. You are 100% better off saving for full oz or more. I find 5 to 10 oz are good buys

[@GoldManagement8180]

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

[@stevebranton3067]

I understand the purchase premium. I assume there will also be fee when selling to capture profit!

[@peterbergman2131]

Buying is easy. The problems start when you want to sell. My gold bar cost me £520 three years ago. The price has apparently increased but the best offer i had is £510

[@SeanFooGold]

Hmm it might be because of a high premium paid upfront. 1 ounce bars typically have a lower premium of 3-4 % but it becomes much higher when you go down to 10gram and smaller bars.

[@peterbergman2131]

@@SeanFooGold So where is the best place to sell? I was thinking about Ebay but i refuse to deal with paypal

[@SeanFooGold]

The quickest way to sell is back to the dealer, a fair dealer will give you a competitive price that is usually spot plus a little premium on top. You can sell to 3rd parties via meetups in your local city, but take extra precautions. That's why I kinda stress buying 1 ounce coins or bigger so that you won't take a big premium hit when the time comes to sell. eBay is a horrible place to sell, too much risks.

[@peterbergman2131]

@@SeanFooGold I have a 10 gram bar. Bullion by post are selling it for £526.44 but they are only offering a buy back price of £429.37. That is a massive difference. I don't really need the money immediately so i think i will hold on to it and look again in maybe five years. If i had known selling would be this hard i would never have bought it.

[@kirilmihaylov1934]

@@peterbergman2131 I had the same problem with silver

[@NoName-oj5pl]

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

[@SeanFooGold]

Not yet, is it any good?

[@michiganprospectors]

The biggest problem with buying gold is the premium charged on top of the actual gold value. Then your sell value will be a bit lower than spot price and you have to wait forever to see any profit. As a long term store of value for survival it makes sense tho.

[@GoldManagement8180]

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

[@IcyShots_]

Yeah I don’t buy gold as an investment but more as insurance

[@marbatss]

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

[@tenglei2]

I want to start stacking. You recommended the 1 oz bar, is it because its the most cost effective? Is there like a graph or something you can share haha

[@SeanFooGold]

Yes it's because it's more cost effective! Hmm no chart I can find, but can you go compare the prices of the different sizes of bars.

[@tenglei2]

@@SeanFooGold thanks!

[@triploon1767]

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

[@aonoymousandy7467]

i like the bars, is it bad if I remove the bar from the packaging? because I really want to touch the gold directly

[@SeanFooGold]

Yes it will actually be bad. Don't recommend it at all.

[@paganphil100]

@@SeanFooGold : The packaging usually falls apart after a few years so I don't think it really matters if you remove it yourself.

[@DaveEPie]

One of my bars was carried around on my person , just in case. After a year or more the packeting fell apart. I can still sell the bar for the exact same amount as the others still in there package. And it is cool to hold that one from time to time.

[@pommygeezer9309]

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

[@thesteammachine1282]

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)

[@breto7131]

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]

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]

Check us out Will give you good rate

[@traviskim7919]

T£L€gram

[@traviskim7919]

@fashion_jewelryist

[@vm.999]

Thanks for the video! Subscribed 💪

[@SeanFooGold]

Thank you!

[@ianyuen7987]

Would you buy Poh Heng or Bullionstar 100 grams gold bar? If not, why not?

[@SeanFooGold]

None, I'll go for the lowest premium bar, probably PAMP. Gold bar is all about the weight, you buy near spot and don't expect to get back much above spot when you sell.

[@oluwabukolaoni4260]

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?

[@calvinng9576]

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

[@chrisward8121]

Coin vs bar? - here in the UK what you need to remember is there’s no Capital Gains Tax on coins, but you pay it on bars. So that can even up the increased premiums of coins. But if you sell the gold in small lumps in the future, you shouldn’t get sufficient profit to have to start paying CGT, plus it’s only paid on the profit above the limit, not the whole profit.

[@PoliticallyIncorrectCoffee]

There really isn’t any tax on buying and selling of any type of gold unless you declare it. There are millions of people that will pay cash for the gold you have and there is no reporting of the transactions whatsoever.

[@BrigetteWaltershield]

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.

[@CamdenVanderlaan]

You’ve nailed it! The volatility in crude prices underscores the need for strategic investing. Gold and crude can serve as effective hedges in times of instability. Balancing investments in these assets can provide stability and potential growth, especially amidst rising inflation and geopolitical risks

[@Luanne-m7q]

Hmmm this is quite interesting, Please can you leave the info of your investment advisor here? I’m in dire need for one.

[@Luanne-m7q]

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

[@mikes5411]

Hey Sean learning lots on your channel how can I spot Fake Valcambi Swiss bar 1 oz in the orange packaging??

[@SeanFooGold]

Hmm other than size measurement, it will be hard to the untrained eye. Ideally, just request for a sigma metalytics verifier. It uses electromagnetic waves to test the contents of the bar. Any good dealer will have one on hand to do the check for free.

[@mikes5411]

@@SeanFooGold awesome thank you!

[@King-wy5on]

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.

[@justinloke9147]

When selling a gold bar, does the premium still retain any value or is it money down the drain? Thanks for the videos, been very informative

[@SeanFooGold]

Most of the time, you should recover a fraction of the premium, these are for more recognized bars like PAMP. But if it's a really generic gold bar, you might just simply get spot. So the brand does matter.

[@justinloke9147]

Thanks for the response@@SeanFooGold looking forward to more videos!

[@MissAliviaKE]

Interested to buy Gold bars ? Kindly contact me we have bullion available

[@DaveEPie]

By selling to a private buyer , you should be able to get most of your premium paid back. It’s a long term insurance program. I don’t think premiums will go back to the price they where 7 years ago.

[@DrSchor]

The premium is the profit given to the person who sold you the gold. How can you expect to get another person's profit back for yourself?

[@johnfrancis6396]

Good video thanks mate

[@HiKasandra]

Hi Sean, am wondering can we bring gold onto the plane? ~

[@SeanFooGold]

it depends on country to country and really depends on the destination. You'll need to check with an international finance or travel professional for this.

[@abubakarrkargbo511]

Yes you can because most of my people use the plane on handcarry.

[@otron805]

I prefer the old style gold bar cast than the new straight rectangular type.

[@helengoh3937]

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

[@SeanFooGold]

Thank you!

[@farrukhahmad453]

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

[@SaadonAksah]

Awesome! Its great now that banks have account for storing gold 👍

[@goldbuyrgoldbuyr2420]

Hi.. I am gold buyr and best price you r gold

[@loifdcz946]

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]

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

[@issamkholoud2009]

Nail clippers

[@EElia-bj9tp]

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.

[@mostlydrones6093]

So is it not good to buy 10g bars? Should I only buy 20g+ bars?

[@SeanFooGold]

It really depends on your budget and strategy. Normally bigger gold bars means less physical premium, so you pay less

[@oluwabukolaoni4260]

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?

[@Peter2k84]

When thinking about weight, one should consider where you live. The EU is on a rampage against cash. One thing to note, 1000€ transaction for crypto, but appareantly also precious metals, might need to be reported to the feds. So an ounce (and higher) might have the best premium, but 2.5, 5 and 10g bars I can cash in anywhere without being tracked. And I can always find someone to buy them straight away, without any hassle. But if I sell off a kg, I'll easily run into Problems what I need the money for.

[@camaro69green31]

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]

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

[@farrukhahmad453]

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

[@UKinQ8Gaming]

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

[@guerrero14100]

Thanks for the info 👍🏾

[@SeanFooGold]

No problem. Thanks for watching!

[@ubaidullah6525]

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

[@Random-sn2un]

I bought my first silver bar 1 ounce paid 35£ when spot price was 19£ the premium is insane I also bought a 2.5g gold the price I paid was 144£ when spot price was 117£ crazy the premium is I tried looking at bigger ones like a 1 ouch gold bar and the premium is like 158£ there is no way to profit from buying real gold and even investment wise that’s terrible. What’s the best thing to do in your opinion?

[@SeanFooGold]

I think its really about holding on for the long term. In the short term, gold doesn't make sense because of the premium loss. But another thing to note is to try to get one ounce denominations or bigger to really save on the premiums.

[@abubakarrkargbo511]

What is the premium mean?

[@Turin90]

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

[@KingOfKingz911]

Very detailed good explanations thanks

[@SeanFooGold]

no problem, thanks for watching!