Pros and Cons of Buying 1/10th Ounce Gold. The WORST Investment?

[@Spegtacular]

After watching this video, what is your thoughts on 1/10 gold?

[@ae1586]

Well I have never paid ridiculous premiums for them . I found that in the run up from 1100 to 2000 I was able to find more and more at spot and slightly over - then again I always pay cash and I aggressively pursued 1/10th from spot to 10$ over . I have easily bought 100 in the last 3-4 years not all eagles and some ex jewelry but when you are getting a deal you can’t be picky

[@scottvalenti]

It's almost a toss up between a 10 oz silver bar and a 1/10 oz gold coin... its not EXACTLY apples to apples... but I tend to compare premiums between the 2 classes... the difficulty comes if a specific coin or bar is "calling my name" so to speak.

[@johnbeasley2983]

I really like the “bite size” 10th ounce gold eagles. Brian’s logic is spot on, and I am on track for meeting your 2022 challenge.

[@Chris6815]

Lately that’s what I’ve been slowly stacking are the Gold 1/10 oz. I just bought my first Gold Eagle. I do want to move up to the 1/4 oz every once in awhile. To pay lower premiums.

[@cairpreliffechair832]

I seriously believe gold will shoot up steadily, just from inflation alone. Right now a 1/10 is $225. A 1 oz is $1800. When it gets to $2500/oz you just don't want to pay any premiums over a full ounce. $450 extra per ounce hurts, but imagine $625? No thanks I'll collect fractional now, while prices are "low".

[@saltwatersaddletramp7229]

What is rarely said about 1/10 ounce gold coins, is that they are very popular and most dealers will pay strongly for them. So a good bit of that extra premium can come back to you. Thanks for mentioning that!

[@Spegtacular]

Where everyone doesn’t come in with $1900 cash for a 1oz, a lot of people have $220 that go into a shop.

[@throwachair]

@@Spegtacular spot on, I like getting sovereign coins but it's great when cash is tight to spot half ones, that way even though it might not be the best premium it is still something added and every bit adds to the stack.

[@itsbdubnukka]

When I started, I bought 1/10 oz pieces when I could afford them. I'd just go in and trade in my 1/10's to half and full ounces. I'd take my "change" as junk silver. Hopefully this method helps others "ladder" up to bigger gold.

[@anthonyprioletti7800]

Thanks for that info.

[@danavipuzzles7308]

I agree. If you can afford to buy 1 oz on a regular basis, that's the best way to go. If all you can afford is 1/10th oz, then that's the best way to go. If all you can afford is a silver eagle, that's the best way to go. Being consistent is key. Especially in the beginning. Getting the ball rolling by buying every so often, whether it be once every 2 weeks, once a month, or once every 2 months. I think it's better to buy a 1/10 oz coin every month rather than a 1 oz coin once a year. You'll stay more motivated if you buy regularly, rather than once a year. Odds are that most people won't end up buying the 1 oz at the end of the year. The money will be spent away on other stuff and there won't be enough for the 1 oz, and they'll end up with no savings. Better to lose some money on higher premium and build up some savings, rather than lose all the money on random spending. And of course, it's also important to set aside some money to enjoy life as well. Putting money into savings is good and important, but also treat yourself to something you enjoy every now and then.

[@aberodriguez4149]

I agree with your thinking. I would even look at the 1/10 oz Britannias and the 1/10 oz Philharmonics .9999 they look so beautiful like eye candy.

[@heartoftexas8092]

I havent took your advice because I already stacked for many years. It is good to see that younger generation is learning from someone like you Speg. Keep up the great vids !!!!

[@mateoocampo3165]

You forgot one other reason for fractionals for the ultra-paranoid. Fractionals are easier to hide in small places. Open the seam in pants or jackets and sew them back shut. Putty them into that crack in the wall and paint them over, etc., etc,... Plus, I never thought of buying gold and silver as a way to control shopaholism. They can satiate their urge to buy yet keep the value of their money. And then some, too... $$$

[@Paulybuck]

The 1/10 challenge is a great idea. I support it, and doing your challenge as well as hosting my own with a little twist. Good luck.

[@lubovgeorgeable]

Here it is 2 years later, I grabbed a few more of these because of the videos and now they are around 270. Thanks for this awesome video.

[@totopullingbackcurtain4445]

Now over $300!!! 🥳

[@FreneticZetetic]

I found this video just as I decided to do 1/10oz every month. AWESOME. Ounce of silver a week, 1/10oz gold eagle a month.

[@heidigib01]

I love the idea of monthly goals, I can’t always do $250, but alternating silver and gold every month or two I may be able to get a few at least as well as some silver.

[@randystanton6280]

Been getting them for 210 at flea market every pay day. No tax. Another one tomorrow.

[@mateoocampo3165]

@@randystanton6280 The flea market? Is that safe? Counterfeit safe?

[@randystanton6280]

@@mateoocampo3165been buying from them awhile. My guy has a tester and and I usually pay a total of 220 and get 6 Roosevelt dimes in the deal 1.66 for Roosevelt dimes really sweetens the deal.

[@MarkMphonoman]

You will be surprised how quickly your holdings grow if you stick to a “buy one a month” plan. Go for it.

[@greenerell484]

yes when he sad 1/10oz gold per month i was thinking there is no way i could afford that

[@savagestacker]

Always a good time when Brian’s on

[@winged_stacker5107]

I really enjoy your conversations with Brian. Good info. One thing I wish you would have covered in this video is how other 1/10th oz coins (Britannia's, Mapleleafs, etc) do in the same scenario. I just finished up a tube of 1/10th coins, with the majority of them being eagles but several other coins mixed in for variety. Last observation, I just picked up a 1/10th oz coin (either Canadian or Perth - not sure which I got yet) for 10%. The deals on 1/10th ozer's are out there if you look.

[@chiefordnance]

When SHTF you'll want those fractional pieces.

[@GrandChessboard]

Yes, it is worth it. I thought 1/10oz gold coins for 170-190 back before March 2020 and now they are well over that at the same spot price. 1oz gold coins are only a little bit more. 1/10oz were the best investment in gold I have made. People are not going to be able to buy a full 1oz coin in the future and really now. The premiums on the smaller stuff goes up faster and many people can only trslly afford those even saving up a few months. They are the most sought after by many people now. I never bought gold coins before because gold always was expensive or perceived that way. I thought you had to get a 1oz Krugerrand because well Lethal Weapon was my only knowledge on gold coins at the time, lol.

[@808bAler]

Published in Jan of 2022, still valid in May 2024. Awesome information, as usual!

[@richardlovett4958]

Prepper here! I do have junk silver and 1/10 th gold. I am moving into more gold this year. great coin shop interview

[@scottvalenti]

I just picked up a 1/10 oz Devils Brigade and a 1/10 oz Battle in the Corral Sea for $202 & $205 ea. I wasn't really in the market for either but the 10% & 14% premiums were too good to pass up.

[@Spegtacular]

So you’re in the challenge then!

[@kevinw9073]

I no longer buy any gold 1/2 ounce or higher. The premiums are too high. Yesterday, my LCD had Krugerrands priced at 188.00 each. I scooped up 6 of them. He purchased a very large collection of gold a couple weeks ago and priced the gold to sell, so my timing was perfect. I am not always this lucky.

[@carlchilds3741]

One of the best Gold videos ever! Sharing this video with family and friends.

[@TheQuickSilver101]

One thing Brian didn't mention is private party resale (I'm sure that's because he's a dealer and he doesn't focus on that). If you want to move your metals privately, for whatever reason, it tends to be easier to move smaller amounts. Thanks!

[@FreedomStacker]

Vermillion Enterprise my go to guy for Gold and Platinum Eagles. I'm buying a 1/4 Oz Gold Eagle every month this year for the Spegtacular's Gold challenge.

[@nicholasblakiston6297]

Crowned coronation 1/10oz gold bullion coins showing crowned Charles III portrait and limited mintage of 53k are currently available from royal mint for not much more than you'd pay for 1/10oz coins elsewhere. I highly recommend...all british coins going forward will show charles uncrowned, the crowned varieties will be a novelty.

[@scarecrow33]

It’s crazy how low premiums are right now. You can get a 1/10 coin for $225-$235 today with a cost of $2,057/oz

[@JDR1227]

I just paid 240 yesterday at coin show in Vegas. With gold being at $2364.

[@joseph1895]

Locally people buy 1/10 oz much easier than half or full ounce. Even quarter ounce seems a bit much to some people. But couple hundred bucks for a new gold coin doesn’t seem bad at all.

[@CatsMeowPaw]

I buy 1oz every year rather than 1/10oz 10x times. Ultimately I pay ~$200 less for the gold. Gold rarely moves that much during one year, so it's unlikely I will hit the very worst spot across the entire year to buy gold.

[@Spegtacular]

Don’t neglect the benefit of owning fractional like outlined in this video ;) there’s more to it than just “cheapest possible”

[@shawbang7328]

Thanks spegtacular! love the chats with you and this shop owner Brian

[@omegateamsports5291]

I am kinda participating in the gold challenge...I have more of a silver budget but I’m planning and a quarterly gold challenge with a bi-weekly silver challenge I enjoy when you interview both Brian and Guy very entertaining and informative videos

[@someoneyoudontknow7407]

Higher premium but I think much more liquid and easier to move quickly.

[@heidigib01]

Because I love buying the pms it makes saving easier. I can’t necessarily get $250 a month, at least every two or so maybe.

[@CoinHound]

Very good discussion. I am a big proponent of fractional gold, including 1/10 ouncers for much the same reasons as given by the dealer.

[@amishgamer9780]

Thanks to you Speg and your 2021 challenge (I started late in June) I have a nice looking stack

[@WanderingStil]

All gold is good at the right price. Just bought my wife a nice used 14k hummingbird pendant with a chain to match. I got it from my LCS. I just picked a pendant, added a chain of same gold, then had the dealer total the melt value for me so I knew exactly what I was getting in future value. 210 melt value cost 280. Yeah it's a high premium but is a work of art and I bet it won't be to long before the premium is covered.

[@TtheSilverStacker]

I love the coin shop videos. Thanks for sharing!!

[@SouthSideFrankie]

I did the previous challenge, 2 Eagles, 2 maples, 1 Kang, 1 Philharmonic, 6 Britannia various dates. I am very happy with them. 8

[@savagestacker]

I have been dinging around here as well that the LCS’s will pay over spot for the 1/10th oz . At all places they said they would pay around 200 ea . Now the 1/10th oz purchases don’t seem so bad love the 1/10th oz cheers spegTacular great video thanks I used to only buy 1oz but have since changed my mind

[@Spegtacular]

Don’t let me tell you that 1oz are not good but it doesn’t hurt to throw in a little variety :) spice of life !

[@silverbeancounter]

Good stuff guys. You're making me want to order a tenth! 💰

[@Spegtacular]

Buyyousome

[@origamioutlaww5056]

Do it, Bean‼️💥

[@mikeobrien4437]

So as I understand it even though the premium is high when you buy a smaller amount of gold your shop is willing to pay a little more for the smaller amounts over larger amounts on a buyback? That seems fair, don't think all coin shops do that -so shop around.

[@mikebrewer5758]

Hmmm 10th oz of gold per month, and a glass of Merlot? That's the ticket! Investing for my future and living well. Now that's great advice Speg.

[@JewelryEnthusiast]

Great video! Another awesome central Florida shop! I personally like the fractionals, 1/10 and 1/4 ounce Eagles are great of have. Easy to liquidate if the need arises to anyone as they are affordable.

[@Ontario100]

Always enjoy dealer interviews. Thanks 👍

[@SilverWatcher.]

I have 12 1/10 ozt gold eagles dont regret. That was my lane I stay in my lane. Gold is gold.

[@carlchilds3741]

This is a key stacking video. Watching it again.

[@Spegtacular]

glad you enjoyed it...hit it a third time for me.

[@carlchilds3741]

@@Spegtacular I watch your videos 2-4x when they first are released. Then I watch them weeks and months later. You get more info and overall strategy out of each video by viewing it different times and days. Your videos demand discussion afterwards.

[@bryanmaeser]

I'm glad I found this channel I live 30 min from this shop I will see this place soon

[@grumpynomad3551]

I’m so glad I bought a lot of gold in the 80’s. I couldn’t imagine trying to stack gold at these prices.

[@NewSilverStacker]

Very cool video! I've always wondered if it's worth it to go smaller or just stick with the big stuff.

[@charlesseekssilver2985]

No sales tax but a huge(30%+) premium

[@WanderingStil]

This is precisely why my largest gold is quarter oz and my largest silver is 10. Can still get quarter oz pieces for less than 500$ and I think 2000$ gold is cheap in today's dollars.

[@davidpugh8772]

my LCS are a tad bit pricey with their 1/10th ounce pieces I bought a 2017 for $230 this month and the other shop wanted $240 so I'm hoping that I can start getting a little better rate this year

[@Spegtacular]

Some are.. I even have some near me that are way overpriced and so.. I go elsewhere

[@iokepa611]

Monument metals has 1/10 eagles for $215 right now

[@jasonking7729]

Great savings tool. There's way less "emergencies" that come up when you lock you hard earned money in metal. 🤑

[@jenihansen7201]

GOOD MORNING SPEG AND BRIAN. I CANNOT AFFORD ONE OUNCES SO I PURCHASE FRACTIONAL GOLD.

[@Gold_Silver.]

I only buy 1/10 oz #Gold when my nieces nd nephews bring home good grades or when they turn 5,10,15,18 or communions/graduations 👌🏼. They are great for gifts 🎁. When i dont have anything for them my fall back is 2 oz of #Silver lol

[@DrSchor]

what about sweet 16

[@evenbiggeral5089]

When there’s a dip I buy 5 gold 1-ounce coins. When the spot price rises I sit back. Last year there was a sale on 1/10 ounce eagles so I bought a roll of 20 of them.

[@jamesmurray116]

People cry and whine about the "premiums" on fractional coins and bars. When SHTF happens, grid goes down. Your not going to be worried about premiums. Sorry for being blunt, but it's the reality we live in now.

[@aucourant9998]

I started buying gold and silver coins seven years ago. I live in the UK and the one tenth ounce Britannias I bought then cost £125, now I would have to pay £184, so that's about a 50% rise relative to pound sterling (more than covering the premium). And of course when you sell them on, you can add some premium on top anyway.

[@pagannoodles]

I love my LCS guy he basically buys everything at just about spot and sell at spot or a very low premium depending on the product. so when it comes to fractional I go to him forget the big online retailers

[@Donaldperson7]

You got that right! It’s a inconvenience to turn in coins!!and I will spend it!

[@gratefulstacker]

The hits keep coming. Thank you for another great video. I started my 1/10 monthly challenge in December... looking forward to grabbing my third in February.

[@Spegtacular]

and the beat goes on…

[@robertoh.20]

you'd be surprised how quickly those 1/10oz become full oz, i know i can't just buy 1 oz of gold any time i want, but i could buy 1/10 any month i feel like, I also live in Australia, we don't pay sales tax with 99.99 coins, so i can collect all different types of 1/10 oz gold coins from all different mints........ sure as hell can't afford the variety in 1 oz coins, but 1/10 for sure.

[@apalboi1985]

where do you guys keep all your precious metal? So it’s easy and accessible right away? and safe ty

[@ssr4656]

I like good advice not hype, thanks Speg for another great video.

[@connormonnery6998]

Excellent video Speg & Brian! 👍🏽🤩⭐️

[@timothythompson4036]

This is great logical advice. Invest in what you can afford.

[@steadystacking9241]

I think the 1/10th Oz Eagles are a good entry point. I stacked some of them while I was focusing on Silver. Now that I have shifted to working on gold. I have found 20 franc gold coins are a super deal when trying to budget.

[@mimaroo1431]

When I started stacking in 2011, I bought 10 ounces of silver and a 1/10th ounce of gold every month.

[@joemcdonald4654]

Lower your insurance costs for a car house, save on or cut back onelectric gas oil, buy the shiny and keep the things that are enjoyable in life also love all those baby eagles

[@timgunn2538]

Nice way to break down an approach to Dollar cost average

[@DJbabynoneck]

love tenth ounce size. don't like the premium. I do buy them when the price is right.

[@Soulmodulation]

Kinda weird, but bought a pre-columbian nose ring the other day well below spot... Not going to wear it, but it is hammered 24k solid gold 😍

[@Spegtacular]

You’re right.. that is weird

[@MrBlue-dm5li]

Gold is gold👍

[@fu4616]

I buy a 1/10 oz AGE every payday. I also buy silver each month. Stacking towards a goal.

[@Spegtacular]

What’s the goal?

[@nordicmetals]

1/10 oz gold is all I've been buying if 1oz shoots to 10000 small purchases will be hard with gold.

[@cashcow4383]

I have 12 olls of 1/10 ouncers that I paid $1800 for, a few i even got for 1600 a roll back in the 1990s the premiums used to be pretty straight up back then . The premiums are so horrible on silver right now that you are best off buying an ETF

[@goldbearbunny4787]

And in Canada we get hit with sales tax on eagles because of the silver content.

[@seanpenrod]

I think these are great ideas! Setting aside a certain amount every pay period to purchase some precious metal's.

[@travismartinson1813]

Just bought my first 1/10th eagle. Had to buy online because my closest lcs wants $280 for them. Got one from eBay brand new 2021 for $225. I want to get a tube of Silver Roaring Lions, then I'm done buying for awhile. I'd hate to have to sell and lose the premiums.

[@RichardSmith-bm2us]

Checkout Monument Metals. Best prices on coins online.

[@gardenstatestacker1879]

Definitely like your new intro man !!

[@Spegtacular]

Glad to hear it!

[@rolltiderman]

Got my 1/10 oz on order. It is not a gold eagle, but an Australian. I got it for a great price. Does it count for the challenge?

[@lilythedog9734]

Some of the info pertains to Florida state laws. People should look into the local laws to find out tax info because it differs greatly depending on where you purchase.

[@Shazam815]

I bought 4 1/10 gold ounce coins at 230$ each. The premium I paid for them. Already paid off. I'm in it for the long game and within a year the premium I paid for is gone. I'm in it for the long run. So I don't mind the extra bucks if it means I can get my gold sooner

[@Broderick_]

I think 5g bars are the best place to start on the lower end. They sit at about 315 rn for Valcami/Argor which breaks down to $63 per gram. Melt price per gram is about $58. So you only pay $25 total premium over spot for a nice little gold bar in a sealed protective case with serial number and assay. With the 1/10 oz gold coins you're paying about $215 for just over 3 grams which breaks down to about $69 per gram vs. $63 for the above aforementioned 5g bar.

[@Hank-fj8kr]

I know it’s a year old comment, but you are also selling back the premium in the case of Eagles.

[@alburu9528]

The premium is the same for 1/oz or 1/10 oz :) is because when you pay 200$ for 1/10 oz premium is around 40-50% ....

[@bubbassilver4595]

Trying to stack 1/4 ounce gold each month

[@mrtrapper93]

I buy a 5 oz.'s generic silver bar and 1 - 1/10th oz. lady liberty bullion coin from MMX every month. Would like to have you do a video on generic's as opposed to government coins, which is the best bang for the buck? I think generics are the way to go, but would like your opinion!

[@richdeal7338]

Great Video. The bartering thing won't happen . Think of the supply chain. They would All have to accept precious metals . Would Never happen!

[@nightwalker2350]

January is completed got my 1st 1/10 American eagle. Paid 225, then I picked up 2 Britannias for 214 each! Sorry I bought ahead, for February, and March.🤣 my bday was January 25th. I spoiled my self.

[@calebfast8088]

Love these interviews. :)

[@Mikey-xw7yo]

I want a 2.5 dollar indian gold coin or a 1 dollar one. Really like the 2.5 dollar one. I want to buy in person and there isn't any place to go around here. I need to find a reputable place to go. There is no coin shops at all anywhere close either. Wish I had the money to open a coin shop here. Small town but there isn't anywhere for people to bring their coins to sale or anywhere to buy. Bad thing about small towns

[@john-ze7eu]

1/10 oz gold is still better than buying silver..

[@CrackerFL]

I would feel less worried if I cashed in 1/10 once(walking out of store) than cashing in an once. But..you could cash in an once and then buy the fractional gold or silver.

[@westtexasprepper]

I understand about having the smaller fractional pieces as not to have to sell a full ounce. But if one is having to get into their PMs for emergencies, I believe they have put the cart before the horse. Purchasing PMs before one has their other financial affairs in order is a path to disaster. IMO Getting out of debt, and having an emergency before purchasing PMs, I believe, is a better path. I do not have any fractional gold. I think that having a good mix of PMs, silver and gold, can allow for a sale, if needed, without having to have a sale of a bigger piece.

[@Spegtacular]

Sometimes having debt is a good thing. Would you agree?

[@westtexasprepper]

@@Spegtacular only debt I believe is good debt, is a house. It is an appreciating asset. In my opinion, any other debt is a bad debt. What would you consider a good debt, outside of a house?

[@Spegtacular]

So you agree ;)

[@westtexasprepper]

@@Spegtacular yes on the house , still making extra payments to pay it off early. Even have a 15 year note. That frees up major wealth building capital.

[@nicholasblakiston6297]

​@@westtexasprepperI see no reason to be more bullish on real estate than precious metals. Real estate has benefitted from years of easy money policy enabling buyers to get low rate mortgages and bid up prices. When the credit bubble collapses, so will real estate prices.

[@cephasmartin8593]

Selling precious metals to get a couple hundred bucks is what you have silver for. I buy only one ounce gold.

[@donnabailey5132]

Hello, what do you think of goldbacks?

[@geraldfranklin4430]

I like your show helps keep people up on prices...Can you tell me what a 1922 peace silver dollar ruffly worth on a scale from 1 to 10 around a 7 on a real nice coin being a 10..

[@Quahogstacker]

Great video thanks for sharing

[@justme82309]

I just ordered my first 1/10 oz Libertad.its a random year but I'm sure it'll be a 92.Im a big fan of tenth oz.

[@mattslivar5174]

Am buying 1/10 a month and save extra cash for end of the year purchase for 1oz coin this end of year am thinking of geting 2x 1/2 or 4x 1/4

[@B29p]

Challenge accepted. I'm going 1/4 each month. Will I make it? Who knows. If I have to I'll drop down to 1/10. But I'm pretty confident in my strategy.

[@davidpitcher3054]

What about 1/10 gold Britannia, 1/10 Austrian, Australian, etc. The premium is so much less. Are they a decent investment or is somebody better to pay the much higher premium for a maple leaf or even a gold eagle?

[@sovereignstacker5090]

I fell like that some what off. In Maine at some places they will give me more money for 1/10 oz gold because if there out and they need it or it’s just so much more liquid than 1 oz they give me a better price.

[@billyoung6215]

I bought one tenth oz, but wished I put out a little more for a quarter or half.

[@DDDIAMANTES]

I Accept your challenge my guy ...