Flipping Gold in the Short Term

[@dennycouncil2282]

Not flipping a dime! Only accumulating! This is my game!

[@72cmcinc]

Perfect answer, I am with ya on this! No flipping, just continued stacking!

[@CampbellsCoins]

Thank you!

[@johngreen6191]

Buy it, sit on it, forget it. Focus the mind on other things.

[@igglybiggly6951]

Bought 5 gold 100 Corona for $1700 each in late March and sold for $2000 each just last month to a local shop.Good profit for a 2 month flip

[@montanastacker]

You killed it ! Nice Flip!

[@edwardscissorhands4007]

ALWAYS.Informative!

[@jamescathcart4762]

The only time l rally did well with gold was during Covid. 30% gain or so. No Taxes in this state. Lcs cash transactions. This might happen with gold every now and then. Not very often though. Long term baby!

[@CampbellsCoins]

Nice!

[@SilverOceans]

Great video, hold on to that gold! 🔥🦈🌊

[@CampbellsCoins]

Thanks man!

[@tridentstacking]

I don’t flip, ain’t got time for it. When I’m retired I’ll flip some, but I just by it and hold it for now

[@CampbellsCoins]

Very smart

[@B29p]

Totally agree. I'm just holding for twenty years.

[@CampbellsCoins]

Good timeframe.

[@OffGridandOutdoors]

Thx for this info

[@bullionaddict9164]

Both physical Gold and Silver are a long term savings, at least for me. If someone wants to flip Gold, they can buy paper Gold and trade the futures market.

[@justice4all32]

Buy it when it drops and stack it deep.

[@MAGASTACKER]

Exactly! Great video CC 👊🏻

[@CampbellsCoins]

Thanks Patriotic!

[@PistolPackingPilot]

I feel the same. It’s not worth the chase. I got better things to do. Just keep stacking.

[@AnxiousStacker]

Great video buddy. Ive been flipping the collectable silver coins when i can make a good profit and put towards increasing my base stacl and coin collection but i haven't sold any of my gold because the profit margins are just too small.

[@CampbellsCoins]

100%, silver is very profitable. Which is why so many sellers push it on people...

[@montanastacker]

No Flipping/Selling. Just Stacking!

[@CampbellsCoins]

💯

[@MediumDavidBaker]

Just asking, does your brother have a KZbin channel called Yankee Stacking? You both sound the same.

[@CampbellsCoins]

Negative. No relation to Yankee.

[@beorbeorian150]

Gold always goes down during a recession. So when you need the $ most the value drops. It drops because people are selling to get needed cash. It’s just a bad investment in all situations. The worst the situation the worst it is as an investment.

[@CampbellsCoins]

Everything goes down in a recession, but gold is the first to rise. People should have a reserve of cash on hand and not rely on their assets to get cash.

[@beorbeorian150]

@@CampbellsCoins problem is people do the opposite when buying gold, too often.

[@beorbeorian150]

@@CampbellsCoins I don’t know if that is true, but if it is the first , stocks pass it soon after the starting line.

[@SecureInMyHead]

Back to $1600? your kidding, right?

[@CampbellsCoins]

This was posted four months ago. Just a month ago, gold dropped to $1821. A year ago, it hit the low $1600s. It's not impossible.

[@daviddavey1727]

Kind of a fool’s errand.

[@CaptainObvious71]

I've traded gold for silver....

[@CampbellsCoins]

Must get loads of silver!

[@CaptainObvious71]

@@CampbellsCoins I bought a bunch of 10 oz bars when it was 17 an oz so when it jumped up around 23 an oz I was able to trade some silver bars for a couple 1 oz gold eagles.

[@beorbeorian150]

Gold is down 1% so far today. Dealers want a 2% discount. Plus $50 for mailing. So you need like 3.5% or more swing to break even. That might take years or decades. Inflation was driving gold prices. Right now as of today it looks like inflation is gone and a big recession is in. Buy stocks or keep money in bank. Gold and other metals are very very bad investments. Very bad.

[@CampbellsCoins]

Thanks for talking about a point no one mentioned in the video. I never discussed gold as an investment, nor do I advocate people get gold for investing. BTW, it doesn't take years or decades to recuperate 3.5% in gold, take a look at some charts. If you want to invest money there are certainly more lucrative routes like stocks.

[@beorbeorian150]

@@CampbellsCoins looking at comments and people are using it as an investment. Have 6 months to a year of expenses in bank, max out 401k and IRA, get some insurance before buying gold for any reason.

[@beorbeorian150]

@@CampbellsCoins the 1980s high was not reached again until about 2008. The hight around 2011 was not reached again until about 2021. Lots of factors pointing to a high in gold now that will drop like a rock for a long time again. We had a very long stretch of low inflation an inflation fears and wars. Looks like a collapse in gold is as likely as any time since 2008. People will need cash. Being in gold or buying gold right now is a very very bad idea.

[@bethakaudi8388]

Pls guys I need some one who can help me with making an exchange of coins ..

[@cyclopsstaxx2849]

Hold your gold or get out of pm’s!!

[@CampbellsCoins]

Well stated!

[@Afterasimplelife]

If you're buying at a loss then why buy??

[@CampbellsCoins]

Define loss. Gold goes beyond monetary value and fiat amounts.

[@Afterasimplelife]

@@CampbellsCoins in simple terms? You buy for £400 for example but if you went to resale you may only get £380, I'm not anti gold by any means, I just struggle to understand it sometimes but your videos and others help to understand. Ultimately though if you're investing or protecting yourself against inflation etc then any loss is frustrating. Equally something people do not talk about is handling charges on shares when you sale them. Great video though 👍

[@robertkeating1899]

👍

[@noicue8078]

I’m not a flipper.

[@CampbellsCoins]

Good!

[@indivisibleman8596]

nobody wants to buy mine