The Problem with Everyone Buying Gold

[@SilverBritches]

Ah the subtle jabs at silver is always hilarious. The one positive from buying gas station sushi is it’s a solid way to cut some weight.

[@2is1gold]

Ha!! 🤢😂

[@Kenlydford]

Lol

[@Jimmyrig54]

What's with all the unnecessary digs. What is wrong with buying sushi from a gas station?

[@edb3877]

@@Jimmyrig54 Depends on how long they've had it. lol

[@ilovetrance3036]

I don’t see any jabs on silver tbh. Look at the charts for let’s say 15 years past for both silver and gold. Gold has very much outpaced silver. I love silver and have more than gold but just saying

[@gwynedd1]

I was late to gold too . Been panic buying over the last two decades trying to catch up to the early adopters 5000 years ago.

[@2is1gold]

Ha! Good luck!

[@GraceT-y4g]

YELLOW GOLD...

[@audiophileman7047]

You've done well for yourself if you've been buying for the last 20 years. 👍👍👍

[@dryciderz]

🙏

[@edb3877]

@@audiophileman7047 Yes... or even the last 10 years. 🙂

[@3B-TM]

My wife told me I was a few eagles short of a tube but I didn’t know how to take it…🤔

[@dryciderz]

Just make sure she's not stacking with somebody else

[@kevink6420]

Divorce her. Fair is fair

[@BB-gb2eq]

Tell her that she will have a Monster Box when you die.😊😂 Lol.

[@nevadaminer5977]

Buy more and make her happy

[@usptact]

Waiting for costco to start selling ammo.

[@audiophileman7047]

Unless you live in pro 2nd Amendment state, I doubt it will ever happen. It probably won't happen in even those states.

[@gtractor248]

Would fill out their precious metals inventory (gold, silver, brass, lead)😊

[@Tj75822]

Won’t happen, too woke.

[@anneiconex1473]

Lol

[@beakfish7319]

me too lol

[@oldone58]

Cannot buy 1 ounce at a time but purchase a 1/4 ounce AGE and a 10 ounce bar of silver a month. When I hit silver goal will start to accumulate 1 ounce AGE’s. Hopefully one every 2 or 3 months. As always love you stunning presentations and level headed advice. Have a fantastic weekend amigo.

[@2is1gold]

You too - cheers!

[@іѕоторє]

I'm on the exact same program. What's your silver goal? Mine is 1k ozt.

[@shanejones578]

I buy random and sporadically. World gold, whatever silver. Platinum even from bullionbypost (best prices just takes forever to ship)

[@go4it129]

I really appreciate your common sense approach. There are other gold/silver channels that think the economy is crashing tomorrow….. Yankee Stacking. Just couldn’t take it anymore. Thanks again. You’re the only PM channel I watch. You’re in a class of your own! 👍🏼

[@2is1gold]

Hey, thank you!

[@fin59shaw]

The economy is crashing right now, that's why metals are going up. It doesn't happen overnight.

[@go4it129]

@@fin59shawSounds like you’ve been watching too much Yankee Stacking

[@JohnAdams-rm7zm]

The best price that I have got on Buffalo’s was $1818.00 and my last Buffalo the day before it jumped up was $2,286.49 ✅

[@karlpennington72]

The time for selling is when you retire and then piece it out for a income BOOST 😅

[@TacticalTimmyGoldandSilver]

Agreed, I think far too many young people are looking to flip precious metals for a profit short term.

[@KevinMeehanWhistle]

100%

[@MrEric88g]

Ain’t that the truth

[@Allison-cb3bj]

But sometimes the gold last longer than you. keke

[@jjmaker]

when you realize buying gold/silver is not an investment but insurance against fiat money, only then will you become wealthy.

[@JJ-dc7tt]

I heard someone say that: gold is wealth. Not sure what they meant, except that it is a sounder form of money.

[@sadikmeah4057]

Yeah right. Obviously the guy who sold it to you thinks otherwise

[@groovy9125]

@@sadikmeah4057- Exactly! The seller wants the fiat money, so he can invest in the market for the appreciation and the dividends. Bury gold & silver in your garden, and it’s dead money!

[@RealNaisuCinema]

@@sadikmeah4057needing to use cash doesn’t mean they aren’t holding any gold.

[@heartoftexas8092]

Fully stacked bought PM'S when no one wanted them.

[@GraceT-y4g]

YELLOW GOLD... @0@

[@edb3877]

That was how I made my Constitutional silver stack. It was really cheap back in 2010 because very few wanted it. Got a lot of it and am happy that I did. Some of it was even at spot from a pawn shop where I was a regular buyer of silver coins. Hard to beat that. After that, I went on to buy ASEs and Maples, mostly at $14-$16 an oz. with a $2 to $2.50 premium. That was a good time to be stacking, unlike today. Of course, everyone who stacks will be saying that as prices rise higher and higher over time.

[@dondesnoo1771]

Bought uncirc quarters 64 for 2 $ ea halves 4$ by the pound just to save them from being melted from a neighbor yrs ago

[@heartoftexas8092]

@@dondesnoo1771 I remember them times well.

[@whyme4476]

How are you “fully” stacked? Do you own all the gold in the world?

[@davidf3883]

Being in my rookie year of stacking, I think I understand the Costco scenario. People who don't buy PM's do not trust coin dealers, but they will trust a Costco because it's a national chain and they are familiar with it. They know they won't get ripped off, but they think a coin dealer will. Throw in a spot price for an ounce of gold and they have a winner. I prefer the LCS, but I also buy from SD and a few other online places THAT I TRUST. Trust and price are both necessary for the first time buyer.

[@jes1375]

People in the west as of Wednesday still not buying. Thursday and Friday there was a shift. Gold flat, silver down pretty good but mining stocks still going up from what I noticed.

[@RockHudrock]

My LCS is FLOODED with sellers. Very few buyers. Strane’s selling back to a wholesaler just to keep in balance. He said that’s true both for gold and silver. He did say more buyers than sellers for platinum.

[@2is1gold]

Interesting / good to know. I just had another tell me lots of buyers, very few sellers.

[@cphipps1969]

I’ve been overweight silver for a while. Recently I’ve been buying gold with 50% cash, 50% trading in silver, so the total stack value continues to grow.

[@TacticalTimmyGoldandSilver]

Competition in the gold and silver market will be good for buyers in the long run as it will drive down premiums. I agree, if LCSs and online bullion retailers are driven out of business people will be in for a rude awakening trying to sell on their own.

[@clkgroup6367]

New subscriber here. I had heard of Costco selling gold & silver a few weeks ago and checked with my local outlet. They did not have. Two days ago I checked gold spot and it was $2,329.71/oz. My Costco was selling one oz. Gold Eagles in assay type holders for $2,419.99 ea. Shipping via UPS registered and insured included. My state does not tax bullion sales. They are also now accepting MasterCard in addition to Visa. My bank card returns 2% cash back on all purchases. I'm not a Costco Premier member so I don't get the additional 2%. $2,371.59/oz is better than the three large bullion dealers I checked including SD Bullion who I have an account with. SD Bullion was around $2,400 ea.

[@2is1gold]

Yeah, familiar story. Availability of what /whenI want has kept me from considering it yet. I’d still rather buy from a vendor I know and one who will also buy, though. Cheers!

[@leosilve]

I have the city stacker alert via email. As soon as Costco puts the ad up, I get an email. Hasn’t failed yet. The only thing is that I’m not always ready with the funds. But I’ve bought gold coins, bars and silver coins from Costco this way and it’s been smooth and hassle free so far. Much quicker turn around than sending an e-check to an online retailer and waiting for the funds to clear on their end before they even ship it. I’ve been able to get most of my gold shipped from Costco within a day or 2! There was only one time they shipped it after 3-4 days and that was because it was the Memorial Day weekend. And the best part, I get 4% back; 2% cash back from my card, and 2% reward from my membership. I’m always looking for deals online and I have not found one yet that would beat the Costco price/returns combo!

[@shiftomnimega]

The one way nature of Costco had resulted in a bunch of gold and silver showing up in the cases at the LCS with the unique Costco packaging earlier this year. You’re onto something.

[@2is1gold]

Yeah, I’ve heard that from the local shops in markets with Costcos actively stocking.

[@seeky907]

At the LCS I last went to, I saw a PAMP 1oz gold bar that Costco sells in the display case.

[@gpdesignmanage7327]

Still buying, on dip if possible, one a month. Thank you for the education. Always look forward to your videos. 👍

[@2is1gold]

Cheers!

[@togr824get]

Good video..i agree, I can't see buying gold from a place that wouldn't buy it Back.. Make it seem like they don't have much faith in their product.

[@bigdaddyhoffman1911]

Been doing this for many decades Sir.. Things are very different here in my shop. #1 We have 75% Sellers and 25% buyers, been this way for many months. #2 People are selling both gold and silver, average people are broke because of economy and just don't have enough money to live. #3 Most of us are flooded with inventory. #4 Buy back refinery prices are mostly all negative of spot. #5 Any dealer or LCS that doesn't want to loose their butt will pay 90% to 95% back of spot to cover the fluctuating market and negative buyback refinery prices. #6 Paying spot is out of the question unless we're talking a very few specialty items. I have seen a few more people buying 90% junk silver and gold in the last couple weeks. I could say more but we'll leave it at that because things will change one of these days hopefully. Thanks for the video Sir.. and as always I 👍👍👍 the video. Life is good.....God Bless

[@2is1gold]

I was surprised that none of the shops here mentioned that case. Hope that turns around for you soon. Cheers!

[@bigdaddyhoffman1911]

@@2is1gold Thanks 2 is 1 but it really doesn't matter to me because I believe in both metals and don't mine holding large amounts of inventory. It's a win win for everyone to have a more equal number of buyers and sellers. Also it speaks better about the state of our economy. God Bless

[@2is1gold]

@@bigdaddyhoffman1911 good situation. Cheers!

[@leosilve]

I’ve bought gold coins from Costco and have saved reasonably well due to the 2% cash back from the anywhere card and the 2% rewards from my membership (total 4% savings!). I’m holding on to these items for the longterm so I’m really not concerned about not being able to sell them to an online dealer. Besides, if ever a dealer wouldn’t want to buy them just coz I bought them from Costco, to me doesn’t speak well of a dealer and I would probably not want to do business with them either. Gold is gold and the gold sold at Costco is real (I have a Sigma PMV) so I don’t understand the reasoning about dealers not want to buy back gold from Costco other than spite.

[@2is1gold]

I can’t imagine a dealer not buying gold somebody happened to buy from Costco. I wasn’t making a point like that.

[@leosilve]

@@2is1gold maybe that wasn’t your intent, I’ll give your that, but that’s how it came across to me (just sayin’) enough to think about about why online dealers wouldn’t want to buy gold from sellers just coz they were bought from Costco. I think other comments reflect this thought as well.

[@sal2879]

I also don’t understand why some of us knock the Costco gold. Gold Is gold, and if for some reason, you want to hide the fact that you got it at Costco, just break it out of the packaging and you have a raw coin. Low premiums are all I’m looking for.

[@leosilve]

@@sal2879 I have the city stacker alert via email. As soon as Costco puts the ad up, I get an email. Hasn’t failed yet. The only thing is that I’m not always ready with the funds. But I’ve bought gold coins, bars and silver coins from Costco this way and it’s been smooth and hassle free so far. Much quicker turn around than sending an e-check to an online retailer and waiting for the funds to clear on their end before they even ship it. I’ve been able to get most of my gold shipped from Costco within a day or 2! There was only one time they shipped it after 3-4 days and that was because it was the Memorial Day weekend. And the best part, I get 4% back; 2% cash back from my card, and 2% reward from my membership. I’m always looking for deals online and I have not found one yet that would beat the Costco price/returns combo!

[@domatthew1666]

Gold at Cosco can be sold at any coin shop. So no worries. I just saw someone buy more than a million dollars worth of gold bars at a bank in Singapore a couple of days back. Yes. People are buying.

[@vincentyeo88]

What's the name of that bank? Where is the location in Singapore?

[@domatthew1666]

@@vincentyeo88 UOB.

[@vincentyeo88]

@@domatthew1666 Thanks for info.

[@sicpuppyblahblah]

Just purchased The Royal Tudor Beasts 2024 Seymour Unicorn 1oz. And gifted a 1/4oz of the same type. Keep stacking!

[@2is1gold]

Nice!

[@andrepoirot8285]

Its just begun!!! Don't sell

[@Spirit-FilledMindset]

Visited my LCS yesterday (they have a few branches, so they aren't a small mom and pop). The week before they said they were selling more. Yesterday, I could clearly see everyone but me was trying to sell.

[@silverstacksprepper]

I have a few pieces of silver, but I've recently been trading silver in for gold. I've also started buying One tenth gold pieces and a small amount of constitutional 40 percent silver. Great video

[@americanstacker]

AGE, Buffalo, pre 33 and 50 peso it’s nice to pick up all of these but consistency is the key on Gold 🇺🇸🇺🇸🇺🇸🇺🇸

[@jazzman452]

My local dealer is having a hard time keeping it in stock. I can't find any Eagles or Buffalos, but he generally has pre 33 gold to look at. I have found some BU Saints for close to the price of the Eagles and Buffs. so I will pick those up.

[@2is1gold]

🤜🤛

[@superstar5123]

next purchase will either be a 1 oz RCM Gold Wafer or a 1 oz Gold Britannia for myself, I just have to decide on which one I want. I see your stack of Eagles, and personally I like the design of the Britannias more. Either way, we're adding weight to our wealth, to each his own

[@lpandy21]

Yes, I found all of this quite interesting. Thank you for the video.

[@Btc1ml]

I buy constantly no matter the price.

[@2is1gold]

🤜🤛

[@MrEric88g]

Yes sir 🫡

[@MokaneMalone-z2d]

@@2is1gold Rapper 2Pac would like these gold bars, u want my merchandise?? Lol nevermind, u wont be interested. Thug Life homie Thug Life, Outlaw Immortals.

[@wda-59-14]

Grabbed another Buffalo recently...have a good weekend.

[@GraceT-y4g]

YELLOW GOLD. @o@

[@2is1gold]

Nice!

[@Bomber848480015]

Costco 10 oz bar was $20 higher than online and LCS. I checked with the manager and it was in the system for less but when I checked out it was at the high price. Strange.

[@good2goskee]

Dealers I spoke to (Bullion dealer and a LCS) are buying lots of silver and gold .... not selling. Tons of inventory where I am. Cash not inventory will be the problem if silver and gold go up

[@jeffkeller9009]

Knowing where to sell is very important, If new buyers sell at a loss will leave a sour taste in their mouth, and maybe prevent future buys into the market.

[@2is1gold]

Agreed

[@TheQuickSilver101]

I understand buying from the local dealer instead of Costco but I have to say that looking for metals at my local Costcos has been fun. Not to mention I've now seen people buying bars and coins from Costco. I hope it sticks around. If nothing else it's more exposure for metals which I find exciting

[@2is1gold]

Agreed. More exposure is great. Cheers!

[@leosilve]

I’ve bought gold coins from Costco and have saved reasonably well due to the 2% cash back from the anywhere card and the 2% rewards from my membership (total 4% savings!). I’m holding on to these items for the longterm so I’m really not concerned about not being able to sell them to an online dealer. Besides, if ever a dealer wouldn’t want to buy them just coz I bought them from Costco, to me doesn’t speak well of a dealer and I would probably not want to do business with them either. Gold is gold and the gold sold at Costco is real (I have a Sigma PMV) so I don’t understand the reasoning about dealers not want to buy back gold from Costco other than spite.

[@joshmarksberry2274]

​@@leosilveYou can buy it on credit?

[@leosilve]

@@joshmarksberry2274 sure… if you’re using a credit card to pay for the order. And that’s the other thing… the online sellers have separate tiered premiums for; echeck, papal, credit card, etc. Costco doesn’t play those games. You can use a credit card and the price/premium remains the same.

[@insiditious6203]

I bought 2 oz of gold recently, but I’m mostly a silver guy as I think it’s pretty undervalued compared to gold

[@tom-c1j2p]

i'm guilty too buying a few unique coins thinking they would bring a bit more premium but it comes down to spot or melt. Engelhard prospector round is the exception, i have many of them in many tubes....majority is usual minted coin bullion and a lot of 100 oz bars Canadian

[@jayroc3337]

Seems like everyone’s LCS are terrible. Mine buys over spot on everything except for palladium, which is on spot

[@wasillastacker]

Famous people always rushing to buy when the price is on the way up. Only us stackers continue buying as the prices are dropping. Thanks for the video as always

[@2is1gold]

Cheers!

[@BrilloHead]

Well I just got into gold this past month. Paid $2400-$2500.

[@GregJones-df1ge]

Thanks for sharing your thoughts. Nice little showcase of the 2009 UHR. Makes me smile every time you pick it up. Mine has a little copper spot, but I guess that lets me know it's real...

[@2is1gold]

Such a good looking coin. 🤩

[@geecuemd]

Been trying to get that liberty eagle coin you keep showing off, need that lol

[@2is1gold]

Ha! Sorry about the peer pressure! 😄

[@num1cheechwizard]

That is the difference between being a collector and a bullion collector of weight. Both are useful.

[@bo_dink]

Got my gold & silver stack where I want it so I'm selective in my current purchases. I'm buying pre-33 St Gaudens double eagles MS slabbed. Nicer ones I'm getting graded & others will be traded for ones in higher MS condition. That's where I'm at currently.

[@EMan-cu5zo]

I just like to use it to save money over time. I personally have never sold but I hear many people are selling from what I have heard and it kind of makes sense with lower premiums out there.

[@simplewelshman]

Anyone else still buying gold in this price environment? I have bought a couple of ounces this year, as I do every year, so dollar cost averaging is helping me rationalise the higher prices paid.

[@2is1gold]

Yep

[@georgewashington7444]

1/2 AGE a month the other $700 that used to go towards a 1OZ coin is invested. @ $2400 for 1OZ is stressing my allowance.

[@pwnDonkey]

the price change wont change my monthly stacking numbers. it would have be up 50% from 2019 for me to make a change. just dollar cost average in.

[@davidgyeidel6281]

Just to let you know - This is a great video - I enjoyed it and learned something, including your paerticular outlook on the current situation. What I'm doing: well, I'm a newbie - years ago bought a single 1/10 ounce Krugerrand, just be able to hold some gold in my hand when time got hard (also years ago) I pawned that Krugerrand, and lost it - much more recently I bought a 1/100 ounce Scottsdale Mint gold bar, again to be able to hold gold in my hand. More recently I've started buying junk silver (dimes) as a start to building a pile of spending and/or barterable money to have for the day when the curreny collapses. I'm not a coin collector, of either new or older gold or silver coin or rounds; I just want hard money available to me to spend when paper dollars aren't accepted in trade anymore.

[@2is1gold]

@@davidgyeidel6281 🤜🤛

[@XiaodongWang-qt9oy]

You are absolutely right!

[@RetSol61]

My goal is to stack enough gold & silver to a point of 6 months worth of income. I'm not rich but need a wealth reservation instrument.

[@2is1gold]

I’ve always thought a plan like that is a good idea.

[@jimlewis5477]

Prices are too high for me to buy right now. I do not sell and probably never will. I regard my purchases as insurance and generational wealth. When the spot price pulls back some I may buy more. I have both gold and silver. I can say I am running out of room to store silver but I do not have that problem with gold lol.

[@phil6926]

This year so far I’ve only added 1 oz bullion coin to my stack. I’m concentrating more on collecting low mintage, higher premium coins. I realize there’s a huge difference between stacking and collecting, it’s just a pause from stacking hard for the last 4 years

[@doogcat]

I actually sold some silver back to Apmex and they were giving $1.50 over spot I felt like unloading some silver I dump about 200oz when spot was 32 I was actually waiting for this moment silver is really tough to store so I decided to make some room for more gold if that makes sense. As always thanks for sharing well appreciated

[@go4it129]

high premiums. I’m done with silver. Sold $1600 and bought a 1 oz ML

[@themineralmenagerie3667]

I’m on the fence about buying from Costco . I’m stacking for the long hall and Costco points are great but I enjoy buying from my small LCS bc its fun to go in and have a chat with the coin shop dealer and my purchase just feel better if that makes sense. Love my LCS

[@Skyheart-qy6zm]

I bought at the top and I don’t mind because I’m not planning to sell anytime soon

[@JohnDoe-1000xt]

gold has "no top"

[@bradleyozbun1012]

I'm keep buying and hopefully get a dip when it's time. 💯 to you & the channel 2 is 1 # . Thx. Always good content. Also you better have a relationship with your L.C.S. . It can make things safer for a person that doesn't have street smarts !

[@2is1gold]

Cheers!

[@18618madeinamerica]

Do yourself a favor and stick to the lowest premium metals you can buy as when they take off those premiums for eagles ect disappear and it’s simply purity and weight

[@fmixthings]

I started buying silver in February this year. Unfortunately gold is just too far out of my league right now. I asked my local coin shop about trade in silver for gold. They told me gold spot from that morning plus 10% against silver spot from that morning. I don't have enough silver to trade in yet. I had been thinking about buying metals but really pushed in to it when King Charles was announced to have cancer, I figured what better way to make a quick buck if he did pass away and there was only so much coinage with his likeness.

[@daviddixon2209]

I've picked up a few pieces of silver this year, when I've had opportunities to buy at or below spot. I'm waiting for the summer doldrums to buy in volume.

[@PaEMT_FF9]

Quite respectable price on St. Helena 1/4 oz Gold £25 Rose Crown Guinea BU this weekend at Monument Metals.

[@Jimmyrig54]

We prefer SDbullion around here if you don't mind.

[@PaEMT_FF9]

@@Jimmyrig54 I prefer options if you don’t mind. Both are great companies. Also, SD doesn’t appear to have the coin I mentioned.

[@Jimmyrig54]

Sarcasm!

[@vincentyeo88]

About two years ago (2022), I had a coffee chat with a person who was then 76 years of age. He told me in the whole of the year before, he had bought more than 100 pieces of numismatic coins, mostly silver coins and a few gold coins. He carried an iPhone and showed me the full list of his eBay purchases, and I must say that he'd spent quite a fortune on all those coins. At a ripe golden age of 76, maybe my elderly friend knew something ahead back then that I didn't know yet.

[@MarcoEmeryLinden]

Costco gold is great. More people getting into our community is a good thing. Not everyone feels comfortable with coin shops. I love seeing new people joining our hobby.

[@stephencopley3767]

Lets just say we have a digital currency. You buy your gold it goes up, you go to a dealer he knocks the price of your gold down, you think about the price, you still making a lot on your gold (except why not.) Remember gold is money, not just to trade back to dealer, there will be plenty to buy a lot of people selling, and will take gold or silver. Better to hold it , than have nothing.

[@turbonerd6889]

I haven’t bought any gold & I don’t own any gold. I would like to get into it..from watching all your videos. It seems like Eagles and buffaloes are the way to go?

[@2is1gold]

I think so. I like Maple Leafs too.

[@Dhejdjndkksvshsufndkke]

Another big company competing with smaller companies (lcr) and they don't buy back.....

[@sal2879]

I don’t understand why a lot of people gripe about Costco not buying back your gold. The whole thing about gold is the ability to sell it anywhere and everywhere. Personally I don’t care where I get my gold as long as it’s real and I’m not paying too much.

[@leosilve]

@@sal2879 agree!

[@shacklord]

Sometimes I forget that I have a few ounces of silver.

[@2is1gold]

Hold onto it. Soon you’ll be able to buy a house with it. 😄

[@GraceT-y4g]

White Silver & Yellow Gold?

[@BB-gb2eq]

​@@nooneimportant779 The housing market is showing cracks and will plummet in value when the the housing bubble pops. Hang in there and keep accumulating responsibly, you are in a good place. Warren Buffet said it best. Accumulate while the market is boring

[@rays3995]

Bullshit a man with a suit will always win Chinese money next ​@@2is1gold

[@vrbanitas2021]

Im buying gold since 2004, will be buying less as prices are at the peak but im also buying numismatic gold so whatever is interesting at US mint at the moment

[@lordgrinz]

I thought about buying some that I would put away that would be unseen for decades, but not until it gets back to about $1300-$1500.

[@christophermccormick8670]

Selling the foreign gold slowly and accumulating coins of the realm. COSTCO buys are Butter, Bacon, Oxy Clean, paper towels, gas and rack of lamb. 🥃

[@2is1gold]

Protein and water. Trucks of the stuff. 😅

[@sinesaii]

Very cool that they have lamb by you

[@Maptothekingdom]

I've learned from 2 is 1. This is a really awesome channel❤

[@GrabMyArm501]

Still not used to these prices. In a Holding pattern.

[@jes1375]

FIAT currencies are dying fast or at a bare minimum are going to be very deflated over the next decade. Buy anything that will hold value. Especially things that fit in a car just in case 😏

[@modus_operandi2508]

Buying only 10oz. Silver bars now.....best buy out there in my pinion

[@PS3Ahziiz]

buying gold now, sure im late but im here now! trying not to over pay on premiums by buying 1oz gold vs fractional. I like the idea of having 'more' coins but the premium is just too expensive that 1oz coin/bars just make more sense to me.

[@13Potsy13]

Continuing to add, next full oz AGE or Buffalo add scheduled for October. Fractional gold or full oz Pt between now and then.

[@Bomber848480015]

It is interesting I purchased 2 Silver bars at Costco and then two weeks later the price is $50 over spot $40 over my LCS. We talked and think that they buy in bulk but can't change the price based on spot. So you have to shop the price for the lowest price.

[@ComicCommando]

I think people would have to be in the sell as in need mode because nobody wants to hold dollars anymore @2 is 1

[@heidimariebee]

This feels like another ‘SD bullion influencer’ video. Complete with fear of Costco. Did you mention any specifics on what they are selling (Swiss), or did you just plant a seed of doubt for potential buyers at Costco?

[@2is1gold]

If anyone else with a relationship to SD said something similar, they came to it wholly on their own.

[@omnium2607]

Gold is expensive compared to silver and platinum. Play the ratio game and continue to buy silver and platinum with no intention to sell for years. I have stocks to buy and sell, precious metals for longterm.

[@2is1gold]

I don't understand where the platinum idea is coming from.

[@chaunceyhart1346]

@@2is1goldWhat do you not understand about it?

[@mikebiase6710]

Even Walmart is now in the game !?

[@downtownbun]

I started panic buying bullion at first, but now I buy real gold coins. Mostly pre 33 gold coins. Mexican 50 pesos are good buys and St Gaudens are my choice. Collectible coins are less likely to be confiscated and they have 2 value streams. Not only for the metal alone, but they have a collectible value.

[@silvermoneyphoenix1624]

Premiums for gold would be much higher at online dealers if net buying demand was high. Online coin dealers are not most people's friends, they'll sell as high as whatever price customers are willing to pay. Locally seems like a lot of people are selling gold. A lot of coin shops around me are buying at or under spot, and many times those purchases are sent straight to refineries.

[@jeremywhite8677]

I disagree with when you said people buying from Costco not knowing where or how to sell. If they are in this game they probably have done some research, especially in this day and age of so much information on the internet. Also Walmart and Costco get thier metals from places like Apmex.

[@reggie7716]

I wonder if Costco selling gold and silver will put pressure on local coin shops as far a premiums?

[@2is1gold]

Maybe. Theres always a clientele that only wants cash transactions.

[@2Eaglez]

New gold purchases will be pre 1933 graded coins.

[@2is1gold]

I can’t get a read on prices right now. Dealers are all over the board on pre-33.

[@fu4616]

Pre-33s are my go-to before bullion.

[@2Eaglez]

@@fu4616 started on Pre 1933 this year as I have bullion and am concerned now about another Roosevelt event.

[@2Eaglez]

@@2is1gold I am watching several reputable dealers and buying when the pre 1933s are at or near spot. I try to buy graded when available in $10 and $20 coins. I realize that pre 1933 are slightly less in actual weight but think they will be worth more due to grading. Also have sufficient bullion and most of my smaller coins are French Francs and Sovereigns with pre WW2 dates.

[@BorisLikesBonds]

I’m continuing to allocate and save cash on a weekly basis for my next gold purchase, which I think will be a half ounce piece. This summer has been a little expensive so the allocation rate has been reduced. At least it wasn’t eliminated. 👍 Higher prices are an odd conundrum. Sellers cheer them on and buys bemoan them. The size of sellers and buyers changes and that’s what makes for price corrections. Hence, the cure for high prices is high prices. Think about who stands to benefit from high prices. 1) Miners 2) Minters 3) Dealers Buyers, whether you’re a lone retail holder or a Central Bank, suffer. More is paid for less. Unlike other commodities, gold is unique. It carries a little bit of that “luxury” status like a Rolex watch or a Ferrari automobile. Supply is constrained which raises prices which increases its allure which fuels demand which raise prices. 🤔 Good luck to all! 🙂

[@donniedotzler7387]

very few discuss the fees and taxes to buy and sell precious metals.

[@lcflooring3887]

Costco is good for us it gets more people involved and looking I got in to collecting coins in the early 70s. But not from coin stores from whitE front. It was like a Walmart today if I had never bought those few coins I may have never got into stacking and collecting like today

[@2is1gold]

Agreed.

[@leosilve]

I’ve bought gold coins from Costco and have saved reasonably well due to the 2% cash back from the anywhere card and the 2% rewards from my membership (total 4% savings!). I’m holding on to these items for the longterm so I’m really not concerned about not being able to sell them to an online dealer. Besides, if ever a dealer wouldn’t want to buy them just coz I bought them from Costco, to me doesn’t speak well of a dealer and I would probably not want to do business with them either. Gold is gold and the gold sold at Costco is real (I have a Sigma PMV) so I don’t understand the reasoning about dealers not want to buy back gold from Costco other than spite.

[@sal2879]

The Costco gold is generally a little cheaper than other places, and you get back 2% with an executive membership. Like all gold, you can sell it anywhere, as in anywhere in the country or world. It is good to have a relationship with a local shop, so buy from local and Costco. I was surprised to see that Walmart gold is actually sold from Bullion Exchange in NYC, and I know that they are a solid place to buy, generally the cheapest. Thanks for making your video and have a good day.

[@2is1gold]

Cheers!

[@spyrebel7612]

my dealer is $3 short of spot on silver. wild.

[@mayormccheese6171]

I can't decide whether to buy gold or a term deposit. I'm leaning towards gold because at the end of the day at least it's something, a permanent asset.

[@kurjan1]

I've got my gold. Never bought silver... other than silverware for dinning. With interest rates as high as they are, I am simply accumulating cash and letting it compound. Plus a bit of crypto. The world is a tinderbox right now, I am happy to sit on cash and have my farm in southern Tassie.

[@0004612]

God’s country!

[@tonyw.3210]

Nice buying from Costco 4% cash back when using executive card & buying online, so can get under spot price when buying

[@leosilve]

I’ve bought gold coins from Costco and have saved reasonably well due to the 2% cash back from the anywhere card and the 2% rewards from my membership (total 4% savings!). I’m holding on to these items for the longterm so I’m really not concerned about not being able to sell them to an online dealer. Besides, if ever a dealer wouldn’t want to buy them just coz I bought them from Costco, to me doesn’t speak well of a dealer and I would probably not want to do business with them either. Gold is gold and the gold sold at Costco is real (I have a Sigma PMV) so I don’t understand the reasoning about dealers not want to buy back gold from Costco other than spite.

[@wfrancke]

Waiting for the dip. Like all things in life, whatever goes up must come down. Patience...

[@natemr4482]

Great video brother thanks for the info 🥃🥃🥃

[@2is1gold]

Thanks Nate! 🥃

[@TwitchRadio]

Got good deals at my LCS too this week and they were say people were selling tons of silver but gold was holding it's own (Tacoma wa)... I when and traded in a bit of silver for 1 1/2 ozt of gold... Trading in some silver I got at like at $11 ish an ozt back years ago... so technically I definitely got my money's worth of gold😂..

[@samuelnewitt6978]

The Costco thing confuses me, they've been selling bullion for years in the UK. Maybe they just didn't have competition from coin shops, because we don't have so many and stacking isn't really part of British culture

[@wimbelmans7245]

i went to the doctor he says i have gold fever😅

[@Jimmyrig54]

That's pretty funny!

[@frankvanfossan]

Living in the rural midwest with the closest city over 75K being at least an hour and a half away and not one coin dealer listed has become an issue for me to overcome. I have been looking at online purchase but I really don't care for the shall I say tracking of the purchase! Any ideas other than traveling to coin shows?

[@mlangbert]

Borrow, go to a Liechtenstein, Singapore, or Switzerland, buy a large sum of bullion, and pay back the loan over time.

[@michaelphillips3123]

Worst advice ever.

[@frankvanfossan]

@@michaelphillips3123 I agree!

[@mlangbert]

@@michaelphillips3123 That's why you're a multimillionaire. You're a genius, so who can compete?

[@DHaworth100]

In spring and summer I buy constitutional and copper. Fall and winter I buy silver and gold.

[@XiaodongWang-qt9oy]

Why?