What About Storage? - How To Invest In Gold

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  • Опубліковано 7 лис 2024

КОМЕНТАРІ • 60

  • @SilverPlatoon
    @SilverPlatoon Рік тому

    I just purchased my first 10g Perth Mint gold bar off you guy's last week & I'd have to say I'm very excited about this purchase 👌 I would definitely recommend purchasing bullion from the Bullion Now team & keep up the great work guys 😊

  • @chichfm5108
    @chichfm5108 3 роки тому +15

    If you store gold at home, make sure you also have some lead.

    • @sticustom
      @sticustom 3 роки тому +4

      My lead is coated and weighs around 210 grains. The ends hollow

    • @BullionNow
      @BullionNow  3 роки тому +1

      :)

    • @Will.Flavell
      @Will.Flavell Рік тому

      Storing gold at home is too risky

    • @donnaoz5502
      @donnaoz5502 Рік тому +1

      what does the lead do?

  • @wayneryan7631
    @wayneryan7631 3 роки тому +1

    Got my second delivery of Bullion Now today won't be my last very impressed with you guys and the service you offer.

  • @carlostma643
    @carlostma643 3 роки тому +3

    Great advice Michael. Thanks again

  • @OctaviusLucien
    @OctaviusLucien 3 роки тому +2

    Imagine prospecting with the ol' Minelab and finding a pipe with 100oz gold.

  • @josefsmith3140
    @josefsmith3140 3 роки тому +4

    I used to have several safety deposit boxes but closed them and relocated it all glad I did my bank closed due to that thing we can't mention

    • @BullionNow
      @BullionNow  3 роки тому

      Banks are the last place we'd suggest for that very reason.

  • @briansmythe3219
    @briansmythe3219 3 роки тому +2

    That"s good advice , Don"t go around advertising your got a small fortune at home

  • @couchsquad9227
    @couchsquad9227 3 роки тому +7

    My form of security right now is I own nothing

    • @stillbuyingcds
      @stillbuyingcds 3 роки тому

      freedom's just another word for nothing left to lose (Kristofferson)

    • @Tony-de4px
      @Tony-de4px 3 роки тому

      get some stop making excuses its never been cheaper lol

    • @BullionNow
      @BullionNow  3 роки тому +1

      Time to change that!

  • @robertsweet5212
    @robertsweet5212 Рік тому

    6:23 What thing can't be mentioned?

  • @coppersulphate002
    @coppersulphate002 3 роки тому +1

    Storing 60 of 1 ounce gold coins is $100 000 and can fit neatly in a medium size box and can easily be stored and hidden somewhere in a house.
    Once you tell no one your money is safe!

    • @BullionNow
      @BullionNow  3 роки тому +1

      Gold is great for that. Concentrated wealth.

  • @cryptowarrior8234
    @cryptowarrior8234 3 роки тому +1

    Does anyone have any safes they recommend?

    • @chichfm5108
      @chichfm5108 3 роки тому +1

      You can find decent ones on ebay for a fair price. Look for ones with both electronic and key lock in case there's an issue with the electronic code. But there's also crappy ones so use google to do DD.

    • @BullionNow
      @BullionNow  3 роки тому +2

      We're going to do a video soon on safes!

    • @shyuc
      @shyuc 3 роки тому +1

      What's your budget? I'm looking into Brown safes. They can get quite pricey, but you get what you pay for...

    • @cryptowarrior8234
      @cryptowarrior8234 3 роки тому

      @@shyuc Brown are definitely the pinnacle of safes. I would have to save up a bit for them I guess I was kind looking out for a starter style I don’t have a huge haul only about 80oz in coins and pieces.

    • @nwalker2619
      @nwalker2619 2 роки тому

      @@BullionNow Did you ever make that video in the safes?

  • @Vanbrusa
    @Vanbrusa 3 роки тому

    What do you guys think of removing 1oz gold bars from assay packaging? Is the plastic and paper a marketing gimmick? Or is removing them a foolish decision come re-sale time?

    • @Vanbrusa
      @Vanbrusa 3 роки тому

      @@michaelpatnaude I agree. But wondering what a bullion dealer thinks in terms of impact to resale price.

    • @Tony-de4px
      @Tony-de4px 3 роки тому +1

      I don't like coins because of that ....bars it does not matter ..as far as selling .....for me its the metal that's precious not the mintage or the art work ..I go for weight not artistic or rare mintage value im more of a stacker than a collector

    • @Vanbrusa
      @Vanbrusa 3 роки тому

      @@Tony-de4px Same with me. Relying on the plastic and paper to authenticate the gold is a contradiction as to why we value gold to begin with. I'm in Canada so maybe it's different where you are? But usually it's coins I see held in bare hands and bars are kept in the ridiculous packaging.

    • @BullionNow
      @BullionNow  3 роки тому +2

      Up to you. If you want more than spot for them later on, then keep them in packaging as you MIGHT get more for them in a private sale if kept in.

    • @Vanbrusa
      @Vanbrusa 3 роки тому

      @@BullionNow Thanks!!!!

  • @josefsmith3140
    @josefsmith3140 3 роки тому

    I've seen people use cofee cans dump the coffee out seal them up in airtights bags and refill the can.

  • @billkats5432
    @billkats5432 3 роки тому +7

    Don’t keep all your eggs in the same basket. You need to trust some family members otherwise no one benefits if your not around

    • @Tony-de4px
      @Tony-de4px 3 роки тому

      decentralized ..were did I hear that before ?

  • @petergracemeguide1280
    @petergracemeguide1280 3 роки тому +1

    Don't store it in the roof. 2 reasons it could be heavy and damage the house. But the main one is if a fire occurs it will be hot enough to melt your stash. As a volunteer firefighter fighter I have scene this. And also life threatening if your in the roof retrieving it before a bushfire evaluation

    • @AY-vi2ld
      @AY-vi2ld 3 роки тому

      Can fireproof safes withstand a fire? And wouldn't molten metal still be recoverable?

    • @petergracemeguide1280
      @petergracemeguide1280 3 роки тому +1

      @@AY-vi2ld the few house fires I have seen many things happen. One is radiant heat from the hottest temperature in the roof. Another is water damage. But others brands of expensive safes are ok. But I have definitely seen 3 melted in the roof

    • @AY-vi2ld
      @AY-vi2ld 3 роки тому +1

      @@petergracemeguide1280 I think that even if your safe melts into a pile of molten metal, the gold or silver is still there and can be refined and recast but the process will probably cost you up to 30% of it's value

    • @Hamachingo
      @Hamachingo 3 роки тому

      Mason jar or thermos inside a watertight Tupperware box in the basement. Keeps the firefighter water out, the space between both containers keeps the heat away a bit longer and glass shouldn’t melt too quickly in a normal house fire so you’re not ending up with molten plastic with embedded coins and bars. But even if it does, should be comparatively easy to refine and pour into bars again, glass swims on top.

    • @petergracemeguide1280
      @petergracemeguide1280 3 роки тому

      @@Hamachingo fair thought

  • @Hamachingo
    @Hamachingo 3 роки тому

    If you bury it, just have an extra box inside labeled “time capsule to be opened in the year 2100”. That way even if somebody finds it by chance, they might leave it closed and put it back.

    • @Tony-de4px
      @Tony-de4px 3 роки тому

      unless they read what you have written

    • @BullionNow
      @BullionNow  3 роки тому

      That's brilliant.

  • @abdallahyounis8821
    @abdallahyounis8821 3 роки тому +1

    I believe banks don't offer insurance on safe deposits!!

    • @BullionNow
      @BullionNow  3 роки тому

      Not sure. It's possibly different at different banks

  • @lauriewilliams8221
    @lauriewilliams8221 3 роки тому

    Michael & Joe you may need to get an IT Tech. in to trace the ongoing problem earlier. He/she may be able to get the Internet Provider address of those clowns. cheers.

    • @BullionNow
      @BullionNow  3 роки тому +1

      We are investigating

    • @lauriewilliams8221
      @lauriewilliams8221 3 роки тому

      @@BullionNow HAPPY EASTER GUYS,. Thanks for the reply. I will be in to the shop when this TRACK & TRACE B.S. is over.
      I don't want them sticking a thingy up my nose until it reaches the back of my head just because I was in a shop when some 'CASE' was in the shop @ the same time. All the best respects to what you are doing.🆗😎. You know who..

  • @Brenocowie
    @Brenocowie 3 роки тому +2

    If you can’t hold it in your hands you don’t own it.

    • @Tony-de4px
      @Tony-de4px 3 роки тому +3

      if I cant hold it in my hand I cant sleep at night

    • @BullionNow
      @BullionNow  3 роки тому +2

      You too?