Be Your Own Bank - Banking Gold or Silver for Large Purchases

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Title	:	Be Your Own Bank - Banking Gold or Silver for Large Purchases
Lasting	:	12.59
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Which is why Bitcoin is a better overall savings vehicle 40 annual returns, no one has ever lost money over 4 years, 0-1 premiums An ounce weight for a cold storage wallet can store unlimited amounts of value
Comment from : @travisprice1325

Can you make a video on buying real estate with metals as you have experience
Comment from : @shafserious2805

Yikes For large amounts, go gold Silver and platinum are more volatile Gold is always king in desirability
Comment from : @jackyack7850

Be your own bank 👍👍👍👍👍brThe VERY BEST advice for the last 15 years ‼️‼️‼️
Comment from : @showingYOUtheworld

And bitcoin lol
Comment from : @mr_digdeeper

How do taxes work with selling? How do you track profit/loss so the IRS doesn't come after you?
Comment from : @nautblue4284

When I Ist saw this episode I thought BYOB MEANT BRING YOUR OWN BEER LOLLLLLLL THE 80slolllllllGot me hookedThanks
Comment from : @jebruinc6411

Gold is the only consistent savings plan I've ever been successful with
Comment from : @LassieFarm

Definitely more fun to save gold and silver than see it on paper Thanks again for sharing this, I find your opinions and experiences very helpful!
Comment from : @andrewburton4584

One in a while I open my stack, and look at them I smile I dont my PM for profit I buy for my future insurance
Comment from : @skavencaptain8899

I know this a older video but just had to tell this story My dad questioned me and said why are you buying so many $20 St Gaudens and $20 Liberty he said I would never be able to make more than maybe $30 each that was when they were 32000 for xf/au and BU was 33500 each brI should have ate rice and beans everyday and bought even more of them
Comment from : @tennesseecoinco

Click bait all the way I got the plug on gold and sliver If you need it
Comment from : @jackbreeazy6710

Videos are too short boss need to be longer hahahah
Comment from : @anthonycassidy1124

Good information Thank you
Comment from : @ferebeefamily

i have metals and im being my own bank im building wealth for me and to leave for my family so they live well when im gone
Comment from : @charlesadkins7067

It's profound, that most people really bad at saving money, are really good at saving gold and silver Human tangible nature
Comment from : @durwinpocha2488

How can you check gold and silver prices & when they change ?
Comment from : @osmondt473

I totally agree about the backup idea Or saving up your wealth, when you have issues spending cash Now, I was looking into silver too, but noticed the premiums seem way higher than gold That confused me I would have thought it would be opposite… that you’d wanna charge higher premiums on a rarer metal So odd eh?
Comment from : @mrmostlyharmless

You need to talk about all your knives etc that you show and those field notes pad
Comment from : @coziii1829

I do it to just park the money, get it off the inflation and taxes merry go round I have to keep cash for business expenses so I do Losing 20k a year to inflation is better than losing 40k a year to inflation Risking an investment for an 8 return when real inflation, not the reported is 8 doesn't thrill me I'm in foreign currency and I recommend everyone buy durable goods you see needing in the next 4 years because prices are not coming down You may not even be able to buy a decent car next year The dealer wants to buy my 2019 for more than I paid for it, cash
Comment from : @thorlin3826

After the Buffalos get some Australian gold, I hear they always come in a capsule from the mint and they're a lower spot
Comment from : @wesley1384

If the economy collapses, they can confiscate They know who has it and how much That's brnot to say don't buy, just be aware
Comment from : @mjrotondi5086

Thanks man this is a great video After many weeks of stress, planning and talking to myself, i have finally got the confidence to ask myself for a loan
Comment from : @Athyxion

I used stocks to buy land back in 2018 and it has proven to be a much better return on my money I’ve only recently looked at gold due to the falling buying power of the dollar I’m a few oz in since the beginning of august and have stuck with eagles until I become more informed First 1/4s, than 1/2s, and I just purchased my first 1oz coin today Just wanted to let you know how much I’ve enjoyed your channel and the advice is much appreciated Keep up the great work and thanks!
Comment from : @angelgutter8249

British Britannia 1-ounce gold coin is a beautiful coin The most current from 2021, that’s when they changed the design
Comment from : @michaelschneider6575

not sure I can agree with profit avoidance in the name of tax savings
Comment from : @houseboatin

I buy precious metals as part of my retirement savings It’s a lot more fun to look at gold, silver, and even palladium, than it is to look at a quarterly statement from my 401k
Comment from : @burke9497

I’m also using metals as savings (away from myself lol) I just curious, would a mortgage lender recognize my stack as a asset to be put towards down payment? Love your videos by the way Thanks
Comment from : @mickaelmachado5491

After you fill that tube with buffalos switch to BTC
Comment from : @KyGuy69420

I think the more accurate way to describe it would be the debt-based economic collapse being replaced by real currency I honestly don't want it to get that far We'd all be better off with policy makers in the Fed who actually cared about our standing, and were willing to make the tough decisions Skyrocketing interest rates lower investment and money printing, and increase the propensity to save We would go into a brief recession to stop inflation, but stackers and preppers would be alright because we're ready, and the country would be better off because consumer confidence would stabilize
Comment from : @mauriceorayii2964

Great videothank you 🥇
Comment from : @24kgoldbuffalo35

As a family office, Who concentrates mostly on real-estate and business's We also have our own banking system which is a mix of Precious metals and cash in different currency's The (bank) is used for the family circle to use instead of regular lending and wealth preservation We can also borrow against it up to 85 We rarely ever sell Family members who borrow from or any moneis borrowed gets pay back with interest and link collateral to itbrThis acts as another stream of income and family wealth building
Comment from : @nobullinvestments

Thanks for the story, thanks for the channel mate Can you tell me if you are in the situation like this today August 2021 If same friend of you is sell his house and want to put the money in gold He have a nice job good payment rate He don't need the money right now , maybe when he is go retired Want do you think ? Is it the right time to put all in or dollar cost averaging is a better plan ? Good bless you
Comment from : @hristodimitrov8655

i just pawned my gold to get a quick loan to start my rental business what u think?
Comment from : @fannywayne1920

Great info
Comment from : @VicsYard

Do you invest in Gold Mining Stocksbr? And which are some of your favourite?
Comment from : @angelkolarov1375

Buffs are by far the most "Practical" coin to own[ in my opinion] but I do like variety
Comment from : @4ninefine199

I went to check prices on JM and noticed the 2021 gold Buffalo is $40 less than a random year Buffalo Why would this be?
Comment from : @Saldo30

Only issue I have with buying 1 oz gold, is if you need to use for purchasing, maybe groceries, tank of gas or something like that, you’re spending something that you won’t get change on Gold in bartering would be better in fractional like 1/20 or 1/10
Comment from : @goatation

Thumbs up bud
Comment from : @eddieslittlestack7919

Bring your own bullion
Comment from : @Silvertarian

Nice informative videobrWhat are your thoughts on platinum and palladium?
Comment from : @ismzar9729

I am watching this video with one eye, while the other eye is looking out the window for the arrival of Hurricane Henri … at this very moment
Comment from : @SilverHeist

I'm looking for the cheapest government backed bullion coins I can find until the premiums narrow a bit Maybe Britannias or Maples Both are astoundingly awesome 😎
Comment from : @richardmetcalf2346

If I was going to invest in gold and silver for just 2 years, I’d probably go with GDX and SLVP No premiums, no storage fees, and a dividend or two! Buying silver in a vault with no intent of taking delivery seems like a really expensive way of investing in precious metals and really stacks (pun intended) the odds of beating inflation against the investor thanks to the storage fees and premiums brbrWhat do you think of unallocated options like those offered by the Perth Mint? Personally, if I’m buying gold and silver for inflation or wealth protection, I buy the bullion and hold it myself If I’m investing, I’m buying the gold and silver miner ETFs, not the manipulated paper gold/silver ETFs
Comment from : @GetIrked

🏴‍☠️ Rock on 🎸 And I still favor my Roosters but I stack government bullion
Comment from : @Cache73

The gold Buffalo's are a little more expensive, but they are one of my favorite gold coins You can't go wrong with a tube of Buff's, especially if you are buying and holding long term, and for the right reasons We hold gold and silver as a savings vehicle, to protect our wealth, and purchasing power The dollar and other fiat currencies are losing value and will continue to do so by design Don't get caught up of the day to day spot price, this will drive people crazy People have the mentality that gold and silver should be at much higher prices, and maybe they should be, but they will eventually get there Look at the long term charts, and not the day to day spot prices Don't expect to buy gold or silver and make a quick buck This is not the purpose of gold and silver Long term is the way to go That's the way I look at it When spot prices get smashed, that's the time to buy some more
Comment from : @williammiller7362

Did you purchase the new 2021 high relief gold library?
Comment from : @DLR2542

The extra b is for byobbbrWhat's that extra b for?brThats a typo
Comment from : @Daniel-lf3jg

Would u ever buy platinum ?
Comment from : @jaimeossorio2672

Gold is just good cause it maintains buying power
Comment from : @danielbentley8103

Do you have any gold coins that are 1/10th, 1/4, or 1/2 ounce? If so can you make a video displaying them with a 1 oz gold coin maybe include a quarter just as a comparable reference
Comment from : @rhanson1124

Such an expansive topic Many good and salient points When talking about this topic, it's difficult to cover everything, but you do a great job You'll fill that tube of Buffs in no time I have a base of Buffalos and Maples, Maples are just popular outside the US
Comment from : @CampbellsCoins

I kind of want a Indian head gold coin it's just the price are higher than most others so I'm hesitant taking in consideration of what I earn I did decide to buy another 1 oz gold coin though, it was difficult because I think I want a Canadian 🍁 or my favorite, the 2021 Gold Britannia Ended up going with another Britannia, it was on sale on top of the price drop that occured I was nervous that I wouldn't be as happy with the maple comparatively to the Britannia considering purchases only come after some time after saving the amount
Comment from : @rhanson1124

I’ve been stacking for 3 years now I’m up to 36 oz so far Got a few hundred ounces of silver but I just don’t like silver as much 🤷‍♂️ I’m obsessed with gold lol
Comment from : @user-oy9zy4ds9m

"They will throw their gold and silver in the streets as rusted metal"
Comment from : @duncanmac2195

It's strange that the Perth mint Chinese myth coins in your video look prettier than those in HK coin shop
Comment from : @vittioc3058

Enjoyed the story! Nice Buffalo,, sir Yes, do the Coin Shop video 100k views with your reach
Comment from : @floridastacker

BYOB 👍 Stay out of the fiat ponzi system Buy consistently on a $ cost averaging basis Keep fiat on hand for regular recurring expenses Your stack is your savings account Good topic!
Comment from : @Xylo58

Saving in Gold never grows old
Comment from : @nickman002

When you buy online, do you add taxes into the premium when you decide on the the price you are willing to pay?
Comment from : @ChillyDog451

Like the Shirogorov Quantum blade you are a connoisseur
Comment from : @Huey7703

Oh no! Another Rooster side story lol I like the idea of grilling the LCS re: the Roosters! Grill that guy! I don’t know much about vaults, but I suppose it might makes sense in certain circumstances Now, back to the desert I go! Good to see you (via video) during my brief stint back in town
Comment from : @VerticalStacker

I can't lie I been on pause with metals lately I put the money I would have used the last few months in crypto IF things go semi according to plan, 😆 should compensate itself
Comment from : @jjasonsantilli297

If I had a friend and that friend asked me what to do with a large amount of money for a few years I'd tell them to put 60 in the s&p 20 in gold and 20 in cash
Comment from : @minedustry

When I read the title I was thinking it was going to be about borrowing against your PMs somehow Has anyone done something like that? Maybe through a pawn shop or something?
Comment from : @ihavehotmail2

This is why you must plan on holding for at least 10 years if you break into metals Anything less than that in my opinion is just too risky brbrAs for my LCS, they will buy anything that someone brings them Including roosters I know this because I bought a rooster 30 minutes after they bought it The LCS paid the seller spot and I paid my LCS spot plus $10 Great video bud
Comment from : @PistolPackingPilot

I've got about 6 toz of gold and 100 toz of silver from my wedding that'll make a nice down payment on some property when I'm ready to move back to Utah
Comment from : @codypace9257

Thanks for the good story about your friend’s experience With that 2 year window of opportunity I’m not sure that I would’ve done that myself I would’ve definitely bought more gold if I were in that position Almost there with the tube of Buffalos Great to hear that Hopefully when that’s filled you’ll start another one as well The Buffalos and Eagles are pretty much going for the same price now so I would definitely keep stacking them Just food for thought
Comment from : @GoldAdventureswithBrett

I Live in Australia but I love my Gold American Eagles and Buffaloes Waiting to get type 2 Gold Eagle
Comment from : @viralshah1912

Precious metals has finally taught me how to save money by keeping it safe from myself
Comment from : @artemisarrow179

Buffalo coins are definitely beautiful and the b*only*/b American coin I have If you’re looking for another design for your next goal, I say go Brittania! Although, for myself I love the philharmonic coins because I love music and Austrian Economics and the Sound of music movie lol but I have heard you mention on one of your earlier videos that you dislike philharmonics, and so I’m not suggesting it for you ☺️
Comment from : @TwoGrainsOfGold

Good Seneca qoute
Comment from : @firearmsstudent

Well that is the reason for creating the insurance policy to begin with, you can be your own bank Instead of going with Gold for your next tubehave you considered Platinum Eagles or Palladium?
Comment from : @rd9102

Got my first Buffalo, they looks so great! Gonna stack maples, buffalos and Britannias, love your videos!
Comment from : @maxthestudio

I think a '21 Kangaroo wood be a marvelous coin to buy and feature!
Comment from : @TrevForPresident

The only thing better than a tube of Buffaloes is TWO tubes of Buffaloes! I stack because I find it’s been the best way for me to build and maintain a savings account And I just love collecting coins
Comment from : @humanv1209

Hi 2 is 1,brbrYes I buy Gold as saving money 💰 and wealth preservation I buy for my kids educations and buying bigger car 🚗 in future And building 3rd floor of my house 🏠 And as you know in this part of world 🌎 I buy only 24k bars only However I dont mind to tell you I am close to achieve 17 TOLAS goal for this year 2021
Comment from : @arafatbukhari8845

Some good stories! Wow, 2 years, not sure I could pull the trigger on something like that For me it is the long haul! Saving in metals is much more fun!
Comment from : @72cmcinc

That proof Buffalo!😍
Comment from : @alexjimenez4098

You have a smooth presentation and your videos always make sense
Comment from : @budmo3691

When we were buying our house the bank asked what assets we had I listed my gold and silver among other assets The bank would not recognize the metals as an asset They would only recognize it if I sold and turned it to cash Great video It reminded me of this
Comment from : @nick540

Love the gold Buffalo
Comment from : @budmo3691