Man Buys Ounces of Gold in 1988 ... Then THIS Happened

[@christophermccormick8670]

Thanks Silver Heist, appreciated as always.

[@SilverHeist]

Thank you. Always appreciate returning viewers .

[@SalivateMetal]

I'm so sorry at the loss of your father. It's a greatt hing your siblings rallied together to help and no rivalry. Gold has done well certainly since 1988. Thank you for sharing these important stories.

[@SilverHeist]

Thanks SalivateMetal. I appreciate you watching and your kind words. Gold is king but sibling harmony can be even more valuable.

[@NicsCoins]

I am so sorry Heist. I didn’t know you lost your dad this past year. Nice picture with his Celtics hat on. I thought of the story you told us about the game you went to see with him in a wheel chair. Great Video really puts what we are trying to accomplish into perspective.

[@SilverHeist]

Thanks so much. I was glad to share my Celtics story on your show.

[@TheQuickSilver101]

I'm sorry to hear about your father. My mother died a few years ago now. It's always good to keep harmony in the family so not asking questions like that is probably for the best

[@SilverHeist]

Sorry for your loss. It’s good if the next generation can get along so sometimes it’s best not to keep score or ask questions ! 👍

[@Paulybuck]

Another Sunday coffee with Heist. Good job my friend!

[@SilverHeist]

Thanks Paulybuck. Happy Sunday to you ☕️

[@DS-tt9vz]

It's sad how money can cause divisions among family members. The wife and I established a family trust to avoid probate and to insure that all are treated equally once we are both gone. Money is not the root of all evil, however the " love of money " is.

[@SilverHeist]

Very true. You have taken some very good steps to make the transfer of value a blessing.

[@silverbeancounter]

Precisely why you can't leave stocks out of the mix. Well said Heist

[@SilverHeist]

It’s crazy that I have owned an iPhone since their second version one. I should have bought the phone *and* equivalent amount of stock. Even 15 years of Apple stock ownership would be quite impressive.

[@silverbeancounter]

@@SilverHeist LOL

[@bowlmeoverva]

Apple! Who would have known. 😂

[@SilverHeist]

Impressive results for sure!

[@BenoitWeiss-cg8pf]

In 1988,you could rent a really nice 1 bedroom apartment for a little over 200.00 dollars a month. In 1084 a brand new Chevrolet Camaro with a V8 engine was $8995.00.

[@BenoitWeiss-cg8pf]

I meant 1984 for the Camaro

[@SilverHeist]

Thanks for the car quote. That’s a great comparison.

[@cheaplaughkennedy2318]

Really interesting episode, good points and informative , God Bless your Dad. My father passed in 22 and I miss him so much , I can relate.

[@SilverHeist]

Glad you found info interesting. With Dad and Mom passed away … watching the Red Sox with anyone else just is not the same.

[@cheaplaughkennedy2318]

@@SilverHeist 👌🙏

[@victorfrankenstein50202]

Absolutely perfect demonstration of how converting your cash to Gold will protect your wealth in the long term. Still not an “investment”, as you compared it to Apple stock, but the wisest way to SAVE money, rather than depositing it in a bank. I save all my dollars for my son with Silver, and more importantly, GOLD. When he’s in his 20’s or 30’s, it will most certainly have kept up with (and exceeded) inflation.

[@SilverHeist]

Great job saving some resources for your son. Gold and silver will hold their values!

[@fareast_de]

Great comparison. Folks who bought some oz of gold in 1988 had a hard time in the 1990s when the prices went down. The turnarond came after the year 2000. Apple is a very special case due to the IT revolution, so it´s a little bit questionable to compare it to an asset like gold. Anyways, a very informative vid, sorry to hear that your dad passed away last year. Greets from GER, U.

[@SilverHeist]

Comparing Apple to Gold is a bit of an “Apples and Oranges” comparison 😅 … but I did want to compare gold to something people might relate to ! Greets from USA 🇺🇸

[@harryzero1566]

I wish you people would stop referring to gold as increasing in value or worth more, however I do appreciate the spending comparison prices.

[@cyclopsstaxx2849]

Compared to the demise of the fiat dollar, gold has increased!! 🤦🏻‍♂️

[@SilverHeist]

I have the numbers but maybe not the words. The audience can draw their own conclusions.

[@cyclopsstaxx2849]

@@SilverHeist You do very well brother!! We’re on the same team.😆 I wasn’t awake enough to leave a “semiintelligent” comment then or now, but when I read that snarky “you people” comment. I had to say something…🤷🏻‍♂️🏁✌️

[@harryzero1566]

@@cyclopsstaxx2849 wasn't meant to be "snarky". However every time gold is expressed in fiat currency worth, it implies fiat currency has value.

[@victorfrankenstein50202]

Harry, Gold will always continue to rise in value, Over Time, as the dollar will always continue to fall in value with the non-stop printing of it continues over time. It’s simple math for simple people like us “You People”.

[@shawnspreciousbullyon]

Gold is the safest and best way to go. Thanks for the video buddy.

[@SilverHeist]

You bet! Thanks for watching amigo.

[@SilverStruck]

Extremely interesting and entertaining video! I was still in jr high for 1988 but with my luck I would not have purchased Apple but Enron, lol!! I have 3 siblings and we all get along- this story has a lot of relevance to me, thank you for sharing!

[@SilverHeist]

Wish I had bought Apple Stock when I got my first Computer or even my first iPhone. It’s good when the siblings get along and good to keep it that way. Thanks for watching.

[@coretmanus4688]

Feeling lucky to be Holding on to a 1988 proof set. Beautiful coins!

[@SilverHeist]

Fantastic! Keep holding those great coins.

[@tho464]

I think the 1125 figure is a bad comparison since the value of cash would still be 436. The value of the 436 actually decreased today has less than half its original value.

[@SilverHeist]

I see your point. The $436 is not worth $1125. But the goods bought for $436 now takes $1125 to buy. It takes twice as many dollars to buy things as before. So the dollar is worth less. About half less. We are almost saying the same thing.

[@barbaracarbone4658]

Hi Heist. 🎶Have you found what your looking for?🎶 That $16.50 ticket is worth much more now. Not as much as gold, though. Or maybe it is. Better to keep it either way. You're a very good story teller. Always interesting. I didn't know you recently lost your Dad. So sorry. 💕

[@SilverHeist]

In looking through my envelope, I had two U2 tickets from different years, LIVE Aid, and Howie Mandel. Thanks for your kind words. We will miss our Dad.

[@dontask8979]

Late 2000 or early 2001 I remember grabbing a couple AGE 1/10 oz. for $28. I also remember going back for a 3rd one and getting a proof for $31. Then getting home I realize I paid over 10% more for a shiny one. After that,, watching premiums was forever embedded in my brain. Believing premiums are the Anti-stack ever since has worked out well. Update ASE "Starter tube" is up to 15oz Slow and steady to avoid the premiums. 👍

[@SilverHeist]

Great job on progress of the silver eagle tube … especially being choosy on prices. ✅

[@natemr4482]

Great video brother thanks for the info have a great week 👍

[@SilverHeist]

Thanks Nate! Have a great week too!

[@timberhills1778]

Very nice video,God Bless You and Your family

[@SilverHeist]

Thank you for watching. God bless you and your family too on this nice weekend.

[@JohnDubU]

Professor Heist on his chalkboard never gets old, always gives me a warm fuzzy. Quite enlightening. I can't change the past, but I can use this information to plan for my future. I'm quite fortunate, my sister and I are in agreement when it comes to these matters. Wishing you a lovely week, kind sir. You know I smashed it.

[@SilverHeist]

Agreement with your sister is a great thing. Thanks for smashing the 👍

[@italiang8470]

Always enjoy your videos

[@SilverHeist]

Thank you. I always appreciate you watching!

[@silversteeler2851]

I like U2. That ticket price reminds me of my first concert Ozzy and Metallica. Great return on gold if you bought in 1988...I did not...sigh. Again I'm sorry about your dad. I did the same thing for WIP with the death of her mom in getting her coins with her mom's birth year. My dad currently is in a very bad way, he's totally bedridden and the writing is on the wall. Happy to have had in my life for so long. You take care my friend.

[@SilverHeist]

Thank you both for the thoughtful 1938 coin to honor my Dad. Peace be with you and your family.

[@tomfindstreasure]

If only we had a flying DeLorean...great video Sir!

[@SilverHeist]

I always liked that DeLorean . Especially when it hits 88 mph!

[@hitomikagewaki31]

Not the biggest fan of Apple, I'm curious how much RY or TD was in 1988. Or how much the other precious metals were in 1988. Another idea is how much the very first Nes was in 1988 and how much it is now.

[@SilverHeist]

Some prices have gone up, and some electronics are actually bigger for less money. Some of the old computers or gaming stations might be collectors items now! Interesting thought.

[@montanastacker]

Good Morning ☕️ Mr.Heist. Great Video!

[@SilverHeist]

Good morning! Thanks for watching! ☕️

[@bullionaddict9164]

One day, when I've completed building my time machine, I'm going back to buy Apple stock and more Gold.🧐

[@SilverHeist]

When this Deloreon hits 88 mph, you’re going to see some serious (stuff) ! 😅

[@MrMoney2511]

In those days $25 was the premium you paid for an ounce of gold..no more

[@SilverHeist]

Ahhh … the good old days!

[@bingo7799]

Yeah Apple went up nicely during that time but many companies went bust too. Hindsight is almost always 20/20.

[@SilverHeist]

bingo! Very true

[@72cmcinc]

Great breakdown! Sorry about your father. I have 3 siblings and and older parents now, so not sure what will happen.

[@SilverHeist]

Thanks for watching. I’d say help your parents the best you can, but hopefully the siblings can contribute also in their own way. Everyone will help but in different ways.

[@BillyBob-fh5he]

Metals really aren't good to buy unless they were bought in the 80s thru 2006! Now gold needs to go up to 2500 or more to make anything back. If this current system continues metals wont help because they are creating more controls for the population.

[@SilverHeist]

Good point. I addressed a portion of it here …. Which Precious Metal is Really Up 46% Since 2019? Gold vs Silver kzbin.info/www/bejne/r5moeGiLhK-FqdU

[@23Keith23]

Very entertaining video

[@SilverHeist]

Glad you enjoyed it

[@robertellis9750]

I think youre missing that 450 dollars probably paid all the bills for a small family back then while the 1100 today doesnt even cover housing for most people.

[@SilverHeist]

The inflation online calculator gave me the $450 to $1100 values, but in the actual real world - the $450 might definitely need more money to keep up with the costs.

[@robertellis9750]

@SilverHeist it's a good video. I just thought it would be really interesting to see what that money would buy you in terms of living expenses. Gas, housing, groceries etc.

[@SilverHeist]

@@robertellis9750 id have to find a good resource for what things cost back in the day. I had a “receipt” for a $16.50 Rock concert which is way more expensive today. But it would be great to know what the necessity things really cost back then.

[@robertellis9750]

@SilverHeist maybe we could source data from Bob Barker episodes of the price is right from that year. LoL

[@go4it129]

Excellent video

[@SilverHeist]

Thank you very much!

[@Richmart1955]

Great video

[@SilverHeist]

Thanks for watching!

[@georgeboutwell6069]

Gold Value Comparison not totally true. For instance. Apple Stock purchase price you say $436.77. Failed to take the full measurements. Purchase price is $436.77 in 1988 to January 2024 how much earnings should you have collected and how much capital gains you would you have to pay per share? Should be included into $118,364 plus when stocks divide. Depending on that one $436.77 Share were the earrings reinvested or did the earnings used to buy life essentials or something

[@SilverHeist]

“These figures are based on Alpha Vantage's historical stock data, which takes into account splits and dividends. The most recent closing price is used for the selected symbol.” From website Finmasters

[@czechstacker]

Great story!

[@SilverHeist]

Glad you enjoyed it!

[@calvincooper1122]

i have a 1/10 oz 1986 Gold Eagle with Roman Numbers I wonder how much it worth?

[@SilverHeist]

It’s very special as it’s the first year for gold eagles. And it has the Roman numerals. But I believe the first year was SUPER popular and they made a lot of them. But I still think someone would pay a pretty decent premium for the 1986 coin.

[@michaelmohrle1773]

You also could have bought a stock on some company that went belly up and it's worth 0.

[@SilverHeist]

Absolutely. Maybe like Blockbuster Video. Those stores are gone.

[@sixfigureskibum]

One once of gold in 1988 was the same price as one once of the very best weed your money coukd buy❤

[@SilverHeist]

The dollar ain’t what it used to be.

[@sixfigureskibum]

@@SilverHeist weed is not what it used to be either

[@ulknatmelknatu]

Where did you get that tube with the paper cash rolled up in it?

[@SilverHeist]

It’s just a US dime tube that I put a $100 bill in. Perfect fit. 🇺🇸

[@ulknatmelknatu]

@@SilverHeist thx!

[@jimgoodreau1245]

1988? How about 1980?

[@SilverHeist]

Great question. I was thinking of making a part two. That would look at more years. Stay tuned 📺

[@michaelramsey3986]

You could had bought some E RON stock too. Bankrupt.

[@SilverHeist]

Very true. … or Blockbuster Video. They were BIG until they weren’t.

[@user-zx6nx7ys4s]

Gold? What purity? 22 Karen American eagles? How many grams are in a one ounce gold Karet coin like the buffalo?

[@SilverHeist]

There’s one Troy oz of gold in an American gold eagle. And one Troy oz of gold in a Pure gold American Buffalo. The eagle has some silver and or copper so if you put the coin on a scale it would weigh more than a Buffalo. But they each have one Oz of gold value.

[@Imanuel369]

First😏 Great video!

[@SilverHeist]

Thanks! 😁

[@Dominiclegault-xr3ze]

Get to the point sooner

[@SilverHeist]

thanks for watching.