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Did I make a MISTAKE buying these gold coins?

Silver Dragons 59 views

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I buy my quarter ounce and 1/10 ounce gold coins with the push of gold price rising so within six months or less at the premiums, I bought a quarter ounce gold coin for it’s now under spot
Comment from : @Eli-qr9hc

Or the price is going up and if you wait until you can buy a full ounce… and spend more than if you had been buying fractional
Comment from : @RichardRoche-c2w

@SilverDragon You're making a mistake and wating 💰 buying those 1oz coins You should just save up and buy a 400oz bar They have the lowest premiumbrbr😊
Comment from : @johnsanford3596

I bought a couple 1/4 oz rounds other day I got a kruger and a maple The premium was 65 for those but if i got a 1/4 oz eagle they were charging 75 I cant believe the premiums alot of folks pay Ive never paid 2 bucks premium for an oz of silver
Comment from : @Kyle-si8yw

The premium's or mark up on this stuff is to much
Comment from : @anamerican481

Great video sir … Would you make another one like this since prices went crazy very informative salute
Comment from : @thierry2350

Did I make a MISTAKE buying these gold coins? Yes, you did
Comment from : @sunshadow9704

me to 1oz would be great
Comment from : @billtorres9880

If gold goes to $4000 you won't have any more trouble selling at $4000 than you did at $2000 because everyone will have twice as much money and it will buy half as muchbrbrFunny how that works
Comment from : @jamesstewart1916

Right now, if I only have enough to invest in either a 1/10 gold maple leaf or the approximate same cash amount in 1 t oz maple leaves - the premiums are almost the same
Comment from : @NateStrikesAgain

Some may think that the smaller piece will be cheaper because the spot price is lower even with the higher premium you’ll still pay more with the higher spot price The amount of money spent is the end goal If you buy just one or two small pieces for sure I’d rather spend 573 on 1/4 oz than 2000 plus for one ounce Which one is cheaper out of pocket? Depends on the stacker of course
Comment from : @jefflarson4982

yeah, but there's also market conditions if you're in a good dip and gold goes up 20 while you're saving up to purchase oz, fractional sounds less bad it's somewhat likely to see a dipped price on the chart again at some point but it's also a tossup whether a low price will ever be seen again after a few years we're never seeing $400 or $500 gold again that's for sure! 😄
Comment from : @adrianbardan782

Not for swiss miss 5
Comment from : @ebayaccount675

What is the deal on selling?
Comment from : @WeekiWacheeMax

yes you made a massive mistake ! The only solution I can think of to get you out of this mess , is too give ME the coins and let Me have the worry of keeping them
Comment from : @andymacdonald30

But when purchasing 1 troy ounce of any gold bullion, don't you want to receive the highest purity for your dollar spent, like 9999 fine instead of Krugerrands or USA bullion coinsbrShouldn't the Krugerrands and the USA bullion coins either be priced less or weigh more than 1 ounce since they are less than 9999 fine?
Comment from : @4WorldPeace2

You bought a ton of fractionals before you start doing the Math?
Comment from : @frankauerbach

Your theory is correct, but it depends on when you purchased the gold coins If you purchased 30 years ago, it doesn’t matter what premium you paid, you definitely made money
Comment from : @glockman155-mw6qb

Excellent video and from my own experience, totally agree Thanks for breaking it down to show exactly how much we lose buying fractional gold
Comment from : @JewelryEnthusiast

gold is gold
Comment from : @aquila_d_oro

Very costly to be cheap and think small with gold🤑
Comment from : @chriscard3424v

Great advice! And beautiful display as well I wonder how often the 1/10 ounces show up as a great option?
Comment from : @homesteadaquarius

Premiums are just to shove it up the arses of poor people
Comment from : @R3belFYF

Are the new coins better than old coins? There is a sale on French 20 Angel coin But maybe its better to go for the new minted?
Comment from : @Richthofen100

It’s never a mistake buying gold as long as you can afford it
Comment from : @18KGCHAMP

I think you have to compare premiums and make the decision that you are comfortable with
Comment from : @williamtell2053

OK, so how come you don’t just sell off the fractional and rebuy whole 1 oz pieces? I think that is a good idea to have some fractional in your inventory because nobody can predict the future And I would rather have some fractional gold at my disposal in the future just in case we are in for reasonable to sell than an entire 1 ounce piece
Comment from : @hixbilly2430

Bro, these prices are way too high I bought today 10 june 2023 2g and 5g Metalor bars and I paid 125€ for the 2 gram and 305€ for the 5 gram bars and the cheapest 1 gram they had was a PAMP 1gr for 70€I bought them from a jewelry store in Wien Mitte The Mall , Vienna
Comment from : @mrmrmrcaf7801

Yeah I’m a $5 gold Indian kinda guy They’ve Always been my favorite
Comment from : @wcgamer9379

I would be weary of buying gold & silver these days Fraud and deception seems on the increase these days
Comment from : @elsfane

Really the only mistake would be not buying gold no matter what size at least you would have a little insurance in your pocket
Comment from : @goldbearbunny4787

I could argue that through your diligence, you actually did it the RIGHT way Not only do you finally have that ounce, you also have the pieces of fractional adding further weight to your collection
Comment from : @morganman102

Very good video!
Comment from : @lynnembick431

I would stick with US paper money
Comment from : @michael2244

Can this apply to platinum as well?
Comment from : @lorenzobranson632

BUY ONE OZ GOLD Silver is for fractional sizes and therefore small purchases , in the future
Comment from : @GR19611

Right now, if you buy a ten oz gold bar, on SD bullion, its only a $35 Premium You know, for who ever has $20,000 laying around
Comment from : @jessharriman3254

Disagree re quarters being a mistake With available funds for ‘average Joe’ ever diminishing, your future market for selling the stack (or part of the stack) is far greater with quarters, assuming the gold price continues to increase over time To say buy silver if you can’t afford an ounce of gold is also questionable Just buy the quarters/sovereigns etc and trade up if/when you want to buy full ounces
Comment from : @Stg2077

Who would want to buy king charles on it yuck
Comment from : @maryeverett318

Can u tell us the premiums on junk silver Also are theyre bargains on scrap gold
Comment from : @maryeverett318

I think you should have used the qty costs of the smaller coins/bars So for Grams & 1/10 as it would have been much lower as you would get them at lower cost per oz pricesbrYes still paying premium over 1oz prices but not as much of one Also a bit more liquid in sales plus premium when sold
Comment from : @markmatt9174

My Brother, You didn't buy anything You changed poo for Real Money and You should feel Very Blessed because Many Billionaires will lose everything
Comment from : @fasteddy6170

Here in UK our sovereigns tend to have the same premium as the 1oz Britannia, granted it still doesn't add up perfectly as they're 18g shy of an ounce with 4 full sovereigns (finne weight) but as they're so liquid and affordable it's hard not to trust in them here especially if you can snag a shield back
Comment from : @BinManSays87

When it comes to Gold stick to one ounce When it comes to Silver, Kilo bars is the way to go
Comment from : @mwods1

Gold is real money
Comment from : @kevindelong7046

watch this chinese scammer video is coins tooSerpentZA EXPOSES China's Pig Butchering Scam | JHS Ep 737
Comment from : @expatgringo7538

100 agree with the thought process The tough part is to resist the desire to get some gold in the stack but knowing the smart thing to do is to wait and save for that 1 oz Will be sticking with silver for now 🙂
Comment from : @aantosca

Yeah I heard the same bigger ozs smaller premium, smaller ozs bigger premium on gold
Comment from : @betod3113

1oz or nothing !!!🌎🗿™️
Comment from : @jamesonealbrown7227

Silver Dragons, I don't look at the premium and calculate it the way you do, unless you are buying many gold coins I just buy 1 coin not lots of coins I look at the overall price With larger coins you are also paying more money overall The premium does not factor into the equation I just buy the coin based on the total price Im sure most people are not going to their local coin shop with a calculator to figure all this math out, they just buy whatever coin whether its even 1 gram by the total price
Comment from : @goldmaple5290

Imagine the 73 ozs I bought for every Oz Price today
Comment from : @macclark4112

No
Comment from : @xDooksx

Bullion Exchange has a 25g deal for $1850 That's only 300 over spot, but you have fractional gold
Comment from : @TheGoldeyFamily

Yo,SD, really great video, especially for those of us DCA-ing Great eye-opener!
Comment from : @ericpellegrino4924

You’re wrong again You can buy Valcambi sheets of gold and silver bars and the premium wouldn’t be that high You can buy a sheet of 50 1 gram bars for $3,49695 Spot price on 50 grams is $3,13166 That’s Spot price so that comes out to only $731 over spot for each 1 gram gold bar DO THE MATH BUDDY!!
Comment from : @NoCensorship

I disagree! The minting-costs for 1 oz are basically the same as for producing 1/10 oz pieces The fractional coins will probably hold their premiums pretty well brIf you believe the gold price will go up significantly than you must ask yourself how many people will still be able to afford 1oz goldcoins in the future: Full ounces could become quite illiquid and impossible to sell over spot at some point in time!
Comment from : @Caomhghin

Don’t the premiums stay when you sell also? So, if it’s a rare or proof coin it keeps it re-sale value, yes?
Comment from : @ShadowFarmer420

Hi,brI'm new to the gold & silver market and would like to know why there's a market set price for a troy oz of silver, yet when buying silver coins, the price is different due to what's actually stamped on the front & back of the coin?
Comment from : @PeterMaddison2483

Good information for the new Stacker👍
Comment from : @richardmetcalf2346

Gold is twice the price of Platinum that is just crazy not buying gold
Comment from : @briankerr4512

Thanks for the math and business information
Comment from : @sanfranciscobay

can you eat it?
Comment from : @idftsman8498

Thank you!
Comment from : @pranksterguy1

Very good info 👍 Thanks as always!
Comment from : @BatColonyEvictor

So easy to get caught up in collecting that it’s easy to overlook the premium that may be very hard to recoup even longer term
Comment from : @pd7439

Eye candy 🍬
Comment from : @LassieFarm

Your biggest mistake was buying from SD bullion, they are higher than a hippy
Comment from : @michaelramsey3986

Love your channel Sometimes it’s nice to buy a piece of gold that’s affordable It satisfies the craving lol
Comment from : @phillipharris5155

Look at bars rather than coins, premiums are much less, applies to silver too Also check the spread of buy/sell prices Some gold coins are better than others
Comment from : @sarumike

Completely agree! Curious if you are using a separate DCA spread sheet for your gold like you are for your silver? I think that would be a good video showing gold this time My assumption is that you really did not make any mistakes on your journey and if you were trade up your all your fractional gold today for 1 oz are even larger gold bars purchasing at the lowest premiums today
Comment from : @johncrane6991

But a dealer would buy back 10 tenth ounces coins to equal an ounce more than a single 1 ounce coin So you would re coupe some of the high premiums but yes by far one ounce is the way to buy
Comment from : @michaelknight8459

I agree with you on the lower premiums for larger coins and I agree with your get the most for less philosophy, but with that being said not every one can afford to buy 1 oz gold and 10ths and 1/4s are very liquid and that premium (all though less) does stay with the fractional sizes when you go to sell They are not hard to move when you need to, and in my opinion I believe its important to include fractional gold in your stack I would not say the same for silver though I think fractional silver is a complete waste of money unless we are talking about junk silver Just my opinion
Comment from : @zlamont3939

SD absolutely isn't the cheapest or best bullion prices across the board
Comment from : @christripptripp797

Interesting comment on the premiums on the gold coins what you didnt discuss is what premiums do you get when you sell these coins Its not such a bad deal if these smaller coins keep their premium when you sell them,, So what does a coin dealer pay you when you sell?
Comment from : @brianrundle2875

I don't understand why silver is a smart buy over fractional gold when for the most part, premiums on silver are higher than premiums on fractional gold
Comment from : @michaelwatt7846

I thought there were 284 grams per ounce of gold---Didn't you say 301?
Comment from : @haroldsmith5761

Great knowledge, because i was stacking 1g bars, i have a 10g and a few 2G! Full OZs only moving forward for now, thanks
Comment from : @RockThaMike

It doesn’t matter what size you have, half or 1oz are good for those that can afford to spend that type of fiat without sacrificing much, but for those on a stricter budget 1/10ths and 1/4oz are good, even 1g bars are ok if you’re really struggling… the important rule is - buy what you can afford! …after all the idea is to protect your wealth, and we all have different levels of wealth, you’re not going to get rich quicker by buying bigger, you’re more likely to go broke if you overstretch your budget
Comment from : @tredici72

if you can only buy one ounce or less in a year, I think fractional pieces are fine Definitely a mistake for anyone wanting to build up significant holding in physical gold
Comment from : @jmo82592

I like how you broke that down Definitely an oz is the best way to go
Comment from : @papawstrategy6763

At least coins are many many more times cheaper than buying jewelry Even the cheapest stuff at Walmart
Comment from : @tonyalba790

The bigger mistake was stacking that much gold instead of silver Especially when silver was so much cheaper a few years ago $13-14
Comment from : @tonyalba790