Ep.5 Season 2 - Gold and Silver Storage - What Do You Really Own? Types of Storage Explained

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  • Опубліковано 2 лис 2024

КОМЕНТАРІ • 219

  • @pmtime407
    @pmtime407 4 роки тому +157

    I call old school holding it in my floor safe and protecting it with my Benelli pump action.

    • @operator001
      @operator001 4 роки тому +13

      Same here, in my safe. I also have a Benelli, the M4 semi auto.

    • @chriswalters6148
      @chriswalters6148 4 роки тому +5

      @@operator001 Nobody moves, or else.

    • @laceyedwards8581
      @laceyedwards8581 4 роки тому +1

      Lol

    • @dannystephenson4197
      @dannystephenson4197 4 роки тому +1

      Affirmative !!!!

    • @pmtime407
      @pmtime407 3 роки тому +4

      @@gates762x6 Home defense units locked up in a safe??? Kinda defeats the whole purpose imo. Besides, if it's a middle of the night surprise emergency I wouldn't choose the heavy artillery anyway. Mrs. Glock, God bless her always sleeps within arms distance of me 😍

  • @bobbyv3
    @bobbyv3 4 роки тому +76

    "If you don't hold it, you don't own it." Unallocated accounts are BS and a good way to lose your money. There was a guy that went to prison back in the 90's for doing those "unallocated accounts" crap. I'm sure there are others that should be in jail.

    • @gabakusa
      @gabakusa 4 роки тому +3

      Bobby Van Gilder well said

    • @creounity
      @creounity 4 роки тому +2

      jeremiah babe approves this comment :-)

  • @robertoh.20
    @robertoh.20 4 роки тому +19

    unallocated is bad, if the dealer goes bankrupt, you'll never see your money back. Oh and this channel is the best.

  • @rachelgooden9981
    @rachelgooden9981 4 роки тому +29

    So calm , collected and easy to understand. Thanks!

    • @dave0126
      @dave0126 4 роки тому +1

      And a really nice dress shirt. ;)

  • @braden6992
    @braden6992 4 роки тому +14

    What a fantastic job you did explaining this both succinctly and effectively. Excellent!

  • @GhostTraderz
    @GhostTraderz 4 роки тому +106

    In other words if it ain’t in your possession you don’t own it.

    • @Aus10McNeal
      @Aus10McNeal 4 роки тому +17

      Yeah, seems very ignorant to buy large quantities of precious metals then pay someone else to store it for you.....

    • @codycast
      @codycast 4 роки тому +4

      AB CD except this guy is suggesting you buy it but let them hold it. So yeah you have your very own bin. But it’s not in your own possession

    • @LatimusChadimus
      @LatimusChadimus 3 роки тому +2

      'If you don't hold it, you don't own it'

    • @RandyRandersonthefamous
      @RandyRandersonthefamous 3 роки тому

      @@codycast It does protect you from being burgled. If you're going to be storing large amounts of "cash" at home set up a remote monitor camera system with battery backup.

    • @codycast
      @codycast 3 роки тому

      @@RandyRandersonthefamous I’m covered. Thanks !

  • @sarge27271
    @sarge27271 4 роки тому +8

    Love this video. It re-enforces my long held belief that: "If you don't HOLD it, you don't OWN it."
    Even segregated, you said it: "If you can make your way to the facility...." That's exactly it...What if you can't make it to the facility? What if the delivery system is down?
    Yeah, you'll have to yank it out of my dead cold hands.

    • @iggy5347
      @iggy5347 10 місяців тому

      Yes but you have to pay for the vault storage fees if you owned it. But the other option is free storage but you dont owned physically your gold

  • @xxterribleone1899xx
    @xxterribleone1899xx 4 роки тому +27

    Hate that we never find out what business does that to customers. I hope the guy makes a video explaining and putting to light the business that thinks it's okay to take your Pamp Suisse bars and give you back generic. Smh. Please call that business out. Lol

  • @TheGilbalfas
    @TheGilbalfas 4 роки тому +3

    Thankyou for this. I was already on the page of designated bars in designated non-bank storage, but this video made me read the contract. And visit the metals. And make sure they have a 3rd party audit yearly. Love these videos. More please. They make me want to acqire big shiny bars and do things with a touch of class as Mr Yaxley does.

  • @silversmith3982
    @silversmith3982 4 роки тому +6

    My new FAVORITE show!!!!

  • @firearmsstudent
    @firearmsstudent 4 роки тому +5

    Love this series, keep them coming!

  • @ernestochaparro8751
    @ernestochaparro8751 4 роки тому +3

    Beautiful information . Thanks a lot . Salute from Puerto Rico .

  • @benjaminlehman3221
    @benjaminlehman3221 4 роки тому +7

    Love these videos so much.

  • @lannyhoover1625
    @lannyhoover1625 2 роки тому +2

    Thanks for such clear information. Much appreciated!!

  • @brettonplacefilms2033
    @brettonplacefilms2033 4 роки тому +3

    great episode ! and I've always wanted to visit The Caymans...

  • @sanpedrosilver
    @sanpedrosilver 4 роки тому +1

    I definitely understand better thanks to this video. Thank you Mark 💰

  • @soldieramerican5964
    @soldieramerican5964 3 роки тому +9

    IF I have enough money for Gold & Silver, I should have enough money to STORE my own. You don’t own it, if you can’t walk in the next room and look at them anytime I want!

    • @blueridgeocean
      @blueridgeocean 3 роки тому

      I don't walk in the next room I walk down to the valley across the [Redacted] down the dirt trail past the fallen tree up the hill through the canyon lift up a stump dig 3 ft deep and there it is. Thats true ownership right there

  • @paratrooperlane7022
    @paratrooperlane7022 4 роки тому +6

    Thank you for this great info..............I feel safer holding my own metals.

  • @sirfishslayer5100
    @sirfishslayer5100 4 роки тому +6

    Mark, in a grid down/SHTF situation, what is your company's policy for getting your property out? Just wondering.

    • @DanCooper404
      @DanCooper404 10 місяців тому

      Oh, they'll get your property out.

  • @Stevonoles1
    @Stevonoles1 3 роки тому +2

    Great info. My question is, what happens when the storage facility goes belly up?

    • @TryGold
      @TryGold 3 роки тому +2

      That's what insurance is for, so just make sure it comes with that.

  • @dreamwalker3699
    @dreamwalker3699 4 роки тому

    Thank You Mark for your great and easy to follow explanation on this topic.

  • @GALTwarrior
    @GALTwarrior 3 роки тому +1

    Good information I didn't know that I didn't know! So... what about keeping bars and coins in a safe deposit box in a bank? That seems like a reasonable thing to do? Thoughts?

  • @jerrycooper1428
    @jerrycooper1428 4 роки тому +1

    I have bought silver from SWP and I store my bullion with them in the Cayman Islands. They are an excellent company! and *NO I AM NOT BEING PAID TO SAY THIS!* If you want impartial FYI, more than happy to help you.

    • @chriswalters6148
      @chriswalters6148 4 роки тому +1

      SWP is reputable

    • @jerrycooper1428
      @jerrycooper1428 4 роки тому +1

      @@chriswalters6148: Totally Chris. I researched all the bullion vault people, Switzerland, Luxembourg etc. SWP are top notch! and brilliant service which you won't get from there European counterparts.

    • @chriswalters6148
      @chriswalters6148 4 роки тому

      @@jerrycooper1428 All right!

  • @JVceo
    @JVceo 3 роки тому

    Love this video!! Been stacking silver and this is HELPFUL!!

  • @casualpreparedness2347
    @casualpreparedness2347 4 роки тому +1

    Excellent Video As Always. 💯👍👍😎

  • @preciousmetalswithleif8939
    @preciousmetalswithleif8939 3 роки тому

    Very important topic, especially in these times. Thanks for going in depth with this 👍 Prefer stacking at home but for larger quantities it just doesn't make sense.

  • @caribbeanqueen1389
    @caribbeanqueen1389 2 роки тому

    EXCELLENT video!

  • @SilverHeist
    @SilverHeist 4 роки тому +19

    I have unallocated - my wife *really* owns whatever metals I buy! 😂

    • @EroticOnion23
      @EroticOnion23 3 роки тому +1

      Man, I'm really contemplating if I should tell my future wife if I have metals...if we separate later on wouldn't she take like half or all of it? Maybe even run off and disappear with my stash...😂

    • @omahanb1
      @omahanb1 Рік тому

      @@EroticOnion23 If you are not willing to give her everything you own you better run like Hell's chasing you !

  • @CT-ig2oz
    @CT-ig2oz 2 роки тому

    Thanks. Good education.

  • @8475143117
    @8475143117 4 роки тому +19

    Pardon me, I must be missing something here... Having someone hold onto my silver/gold is kinda like having someone hold onto my ammo isn't it? What good is it for someone to hold onto my ammo that I have NO immediate access to when I need it? I don't get it....
    I think I have a better idea, why not I purchase the metal and have them ship it to me and I will store it myself that way I know that I OWN IT....

    • @bradmoberly6164
      @bradmoberly6164 4 роки тому +2

      Exactly. Hell hold onto my wife too!! Shit adopt my kids!!

    • @chriswalters6148
      @chriswalters6148 4 роки тому +2

      Perhaps for safety reasons, has a company store it.

    • @kaspernbs
      @kaspernbs 4 роки тому +8

      If you are regularly travelling. Use rented accommodation. Live in an apartment where the safe security can not be highly secure. You live near a bad area of town. etc

    • @lucidanecdote683
      @lucidanecdote683 4 роки тому +9

      @@kaspernbs If someone lives like that (bad area of town,) they should focus their money on moving, not precious metals. Just a thought.

    • @evenbiggeral5089
      @evenbiggeral5089 3 роки тому

      Sometimes the owner is often away traveling on business, and doesn’t want his physical metals on his home turf. Or owns more than one home.

  • @SSgtBigSwole
    @SSgtBigSwole 4 роки тому +23

    I just can’t justify paying someone to keep my precious metals. If I don’t possess it, then I don’t own it.

    • @ernestochaparro8751
      @ernestochaparro8751 4 роки тому +2

      Exactly.

    • @Argondo
      @Argondo 4 роки тому +2

      i agree but i think when you reach a certain size it is more comfortable to have it stored someplace much safer than your drawer ...

    • @SSgtBigSwole
      @SSgtBigSwole 4 роки тому

      Argondo I would never put any amount of precious metals in a drawer. Buy a fireproof safe and look into ways of concealing it such as putting it in the floor or w/e. Or look into the company called tactical walls.

    • @bign1667
      @bign1667 4 роки тому +4

      Same can be said with banks with your money

    • @firearmsstudent
      @firearmsstudent 4 роки тому +5

      I'd imagine that if you're wealthy enough to have a substantial amount of precious metals, you'd want to keep some away from your house.

  • @chriswalters6148
    @chriswalters6148 4 роки тому

    Excellent informative video, as usual!

  • @fithinkulu7154
    @fithinkulu7154 4 роки тому +2

    Thank you! a very insightful, and important points.

  • @osmanshk7397
    @osmanshk7397 4 роки тому

    Pls make a video on present day scenario is it a good time to invest in Gold or Silver given the price is already too high. Thanks

  • @ferebeefamily
    @ferebeefamily 3 роки тому +1

    Thank you for the information.

  • @virus6363
    @virus6363 4 роки тому

    Great video and very informative! Watched every single one of your video! Can you please make a video on investment on other PM such as Palladium, Titanium, Platinum and etc? Is it worth to invest in other PM other than gold and silver?

  • @viperviperpiro
    @viperviperpiro 4 роки тому +3

    There is this saying....If You Don't Hold It, You Don't Own It. btw here.. self audit needs to pay $100 per visit on top of the annual storage fees. Yes, your precious metals are safe in the vault.. esp if u are holding substantial amount of gold and silver , like few hundreds thousands or millions of dollars worth of PM..

  • @zlatkopodrug9437
    @zlatkopodrug9437 3 роки тому

    Excellent video, loved it!

  • @sphinx9517
    @sphinx9517 4 роки тому

    I’m looking to start investing in gold and silver and I’m wondering where I should buy from. Thank you

  • @charlesgordon5219
    @charlesgordon5219 4 роки тому +1

    Good stuff Mark

  • @jeanmader2302
    @jeanmader2302 Рік тому

    I would not want a vault, or someone who would be dishonest. Not everyone does as much research as I do, and this video makes my stand stronger than ever! Thank you...I may switch metals...lolol.

  • @ridethecurve55
    @ridethecurve55 4 роки тому

    I sorta like the idea of coming down to the Cayman Islands in January to check up on my bullion, fully expensed by the IRS. Oh, I might need to stay for another couple of weeks just to make sure that the Cayman's are REALLY where I want my bullion stored! lol

    • @chriswalters6148
      @chriswalters6148 4 роки тому

      Right, can't be too careful. And no, the beautiful weather has nothing to do with your decision. lol

  • @petespeicher8363
    @petespeicher8363 2 роки тому

    Another great lesson

  • @martialhealth4062
    @martialhealth4062 4 роки тому

    Interesting. Thanks for the breakdown.

  • @jamesabber7891
    @jamesabber7891 4 роки тому +1

    A lot of good advice, but I would like to add a few comments:
    With unallocated storage you do not own the metal you "bought". You just have a claim on the metal, just like you have a claim on money you have lent. So you have a counterparty risk that you may not get your metal if your counterparty go bust. Because of this I do not use unallocated storage.
    What you call comingled storage is what I call unsegregated allocated storage. The majority of my precious metal is in this form, done via BullionVault. They are clear about all the metal being in LBMA Good Delivery form, so there is no real risk of getting delivery of other bars. You need to have large holdings to be able to take delivery, but on the other hand there are very liquid markets with small spreads, enabling you to sell or buy fast.
    Most important is the fully allocated storage. Here I do not directly use other providers. A part of the metal I hold on this form is directly in my personal possession, while the rest is stored in a bank safety deposit box.
    Legally the big difference between allocated and unallocated storage is if you pay a storage fee for your metal held elsewhere. If you do not, courts will - in case of dispute - in general rule that is was unallocated storage, and that can be bad if your storage provider goes bust.

  • @Silverholic
    @Silverholic 4 роки тому

    An other great video! Segregated is the way to go for sure.

  • @zalzalahbuttsaab
    @zalzalahbuttsaab 4 роки тому

    The company that I use BullionByPost enacts all of the best practices that you mention apart from a personal vault visit. Is this a big problem given that each of the other requirements are met?

  • @benth162
    @benth162 4 роки тому +3

    I won't even watch this video, because I go by this; IF YOU DON'T HAVE IT IN YOUR POSSESSION, YOU DON'T OWN IT. Your box rental as well will destroy what little value you'll gain through price fluctuations and inflation. You'll more than make up the price of home safe with the rental cost at most vaults. If the state wants your gold and silver they'll just go to those vaults and take it, but if you have it at home in a safe, and they come and want to take it they may be met with lead instead. CAPICHE ???
    In other words my friends don't trust anyone during this COVID-19 debacle as there are scam artist out there just waiting to steal us blind !

    • @TheAverlorn
      @TheAverlorn 3 роки тому +1

      Yes good words but I did see a small error, metal investments are protected against inflation which makes them valued and more trustworthy than stocks+funds to begin with. That's what makes them different :)

  • @xskalibur
    @xskalibur 4 роки тому

    Another very informative video!

  • @01skillzthatkillz01
    @01skillzthatkillz01 4 роки тому

    Excellent video!

  • @Lipjam
    @Lipjam 4 роки тому

    Thank you guys!

  • @firearmsstudent
    @firearmsstudent 4 роки тому +8

    Can allocated storage be seized like how a government can nationalize security deposit boxes in banks?

    • @cryptonite8237
      @cryptonite8237 4 роки тому +3

      in a totalitarian police state the state can even put a finger up your ass
      torture you to death, lock you up for showing signs of opposition
      would they seize your gold?

    • @ellensmart6239
      @ellensmart6239 4 роки тому +1

      They can and they will. The USD is dead! Check out Mike Maloney’s channel. He’s the owner of GoldSilver. Apparently, there’s a way around it and it’s storing the precious metals as jewelry.

    • @codycast
      @codycast 4 роки тому

      Ellen Smart yeah I tried to find the company he was talking about where you buy gold link chains for a small premium over melt. Google and youtube were no help

    • @N20Joe
      @N20Joe 4 роки тому

      @@codycast I've yet to find jewelry slightly over melt. Goldsilver does have some jewelry with low markups -for jewelry-. That being said, I'll prefer coins and bars that held in my own posesion.

    • @Jack-lp7ns
      @Jack-lp7ns 3 роки тому

      Mike Maloney gold

  • @grimthegreat8832
    @grimthegreat8832 4 роки тому

    Just sold out of GLD thanks brother

  • @davidlong4000
    @davidlong4000 4 роки тому

    Question: IF I were to buy Silver Eagles and wanted them stored at your location, what do I need to do and what would the cost be if my Eagles cost $25 each... though I'd be buying Monster Boxes of them.

  • @daricklilleygirl
    @daricklilleygirl 4 роки тому

    Is it worth it to buy gram gold bars if you can’t afford an ounce right out?

  • @townsin11
    @townsin11 4 роки тому

    I bought physical Gold from Gold Bullion. Is that reputable?

  • @heimskurhungog3346
    @heimskurhungog3346 4 роки тому +1

    where is the best place to buy gold or silver with the least premium for one ounce?

    • @adrianlopez9293
      @adrianlopez9293 4 роки тому

      Just shop around they all got deals from time to time.

  • @koalabear206
    @koalabear206 4 роки тому +1

    Just take delivery and store it yourself. No third party liability. No need to deal with 'fine prints'. That's the whole point of owning precious metals.

  • @woodworkingandepoxy643
    @woodworkingandepoxy643 3 роки тому +2

    Actually bars from companies that no longer produced are considered vintage and can carry a pretty decent premium. If that's really how you feel about that bar I'd gladly buy it from you. Collectors would pay me way more for it than you'd sell for thinking of it as scrap

    • @lonk0420
      @lonk0420 2 роки тому

      The thing is that you have to find someone willing to pay for it as a vintage bar, such as a collector. If you need the money quickly this can be a bit tricky

    • @woodworkingandepoxy643
      @woodworkingandepoxy643 2 роки тому

      @@lonk0420 not if you're in the right fb groups. I've yet to have a vintage bar for sell that didn't sell in less than an hour for much more than melt value

  • @silverlover5817
    @silverlover5817 4 роки тому

    Thanks for the video....

  • @Swagtastic22-r9l
    @Swagtastic22-r9l 4 роки тому +2

    21st like, YEETING my $$$ in to gold and silver
    Edit:keep working through this tough time, it'll be worth it

  • @zenglider2145
    @zenglider2145 4 роки тому +1

    How do I know it's not base metal that is gold plated, or just junk that looks like gold ... because the dealer buys, sells and stores gold and therefore must be "reputable"?

  • @ambermichealshotkinkyjo15
    @ambermichealshotkinkyjo15 2 роки тому +1

    So rounds are bad ?

  • @den-dy5gn
    @den-dy5gn 4 роки тому

    Good explanation

  • @brailwolf
    @brailwolf 3 роки тому

    I have 7 bags of junk coins 90 percent silver. is it legally possible to have them refined and shipped back to me ?

  • @benjaminlehman3221
    @benjaminlehman3221 4 роки тому

    Would you consider a company rating? Like SDBullion.com I enjoy them and want to know your opinion on them.

  • @divinenumerology7178
    @divinenumerology7178 4 роки тому

    Thank you

  • @Freddy-Da-Freeloadah
    @Freddy-Da-Freeloadah 4 роки тому

    I had assumed this video would be about different types of safes, and safety deposit boxes... Most of us are doing this. BUT THERE ARE PROBLEMS!!! IMHO

  • @unknownprofile8909
    @unknownprofile8909 4 роки тому

    Why are different mints considered more valuable? Like the two bars from the middle example. Its the metal you wanted in the same amounts. So why does it matter what brand it is and why pay more for one then the other?

  • @troyshore3357
    @troyshore3357 7 місяців тому

    Only thing that stops me from doing this is if I won’t my gold tomorrow there’s no way t get it and if something terrible happens w the country how on earth would I get it then ?

  • @steveg6512
    @steveg6512 4 роки тому

    Just a couple of weeks ago I checked out purchase and storage with SWP. Sorry Mr Yaxley, your minimum storage costs were mind boggling.

  • @SoloUpOkay
    @SoloUpOkay 4 роки тому

    This video explains why my friend in China gets her gold 5% less than Canadian spot price. All the gold is held in their bank.

  • @jpdurr
    @jpdurr 2 роки тому

    I think you came off overly critical of Unallocated Storage as an option. While there are positives and negatives associated with all the forms you showed (and you did touch upon them) Unallocated can be a form of a diversified "portfolio" of storage options, helping one to create an optimal amount of cost, risks, and rewards for their off site precious metals storage options. Me thinks SWP might have had a different take on it if it was one of the services they offered. Of course, the reputation and track record of the storage facility will come into play when making any kind of storage decisions.

  • @frankbeans289
    @frankbeans289 4 роки тому +1

    All these issues are correct, plus in a SHTF scenario you won't have access to your stack. In other words, for investors this probably isn't a concern, but for a stacker/prepper, don't ever keep your chicken's in someone else's chicken coop.

  • @marvinjames2433
    @marvinjames2433 4 роки тому +1

    Hey Mark, do u sell precious metals?

    • @jerrycooper1428
      @jerrycooper1428 4 роки тому +3

      Yes they do! I have bought and store with them. They are an excellent company.

  • @jamesmagalhaes6377
    @jamesmagalhaes6377 3 роки тому

    Sou colecionado dessas coisas e isso é um ótimo negócio excelente vídeo👏👏👏👏👏👍😉

  • @InspectorShow
    @InspectorShow 4 роки тому +1

    I wanted to watch it, but the camera kept going back and forth between angles. Not watchable. Maybe I'll listen to it instead.

  • @Reignunlimited
    @Reignunlimited 3 роки тому +1

    Possession is 9/10 of the law.

  • @JorneDeSmedt
    @JorneDeSmedt Рік тому

    Do you have to find and hire the third party auditor yourself?
    Or is that something you trust the company to provide?

  • @toddbroome6832
    @toddbroome6832 4 роки тому

    I would say there is third party risk with allocated segregated storage. You can always lock your doors in a crisis. If you don't hold it, you don't own it

  • @keepingitsimple88
    @keepingitsimple88 4 роки тому

    Kitco Vault Chain would be allocated co-mingled ?

  • @ktember6526
    @ktember6526 4 роки тому

    Is Perth Mint reputable?

  • @Mocha69A
    @Mocha69A 2 роки тому

    Next question an I trust You with my gold . To get it when I want it. Now or during economic hard times.

  • @benfranklinskite5975
    @benfranklinskite5975 4 роки тому +2

    Fully allocated and segregated does not eliminate third party risk. The vault is the third party and the people whom operate the vault are the risk. You are the risk. Even if I trusted your holding my property, I don't think the fees are worth it. Furthermore, by having you hold my property, I am entering into a contract with you, which reduces my holdings to "a piece of paper".

  • @afonsomarques104
    @afonsomarques104 3 роки тому +1

    And keeping the metals in home? Is it a good option?

    • @TryGold
      @TryGold 3 роки тому +1

      Diversify: some at home, some with third party, some (maybe - much caution needed) in a bank box.

  • @charon7347
    @charon7347 4 роки тому +1

    If I dont get back the EXACT items that I locked up, I'm tearing the place down lol

  • @keepingitsimple88
    @keepingitsimple88 4 роки тому

    Ballin channel

  • @UnprofessionalProfessor
    @UnprofessionalProfessor 3 роки тому

    2:49 Exactly why I buy physical products. Miss me with that Ponzi scheme.

  • @Mr-pn2eh
    @Mr-pn2eh 2 роки тому

    Tip 5 (this is coming from a 23 year old man): if you can, always go for fully allocated and fully segregated storage.

  • @RegulusVi
    @RegulusVi 3 роки тому

    It's always better to keep your gold at home.

  • @grissom3310
    @grissom3310 2 роки тому

    I see absolutely NO UPSIDE to holding metals in a vault unless you picking up 30lbs. bars. Even 7lbs. is doable in the home.

  • @charliehinde1701
    @charliehinde1701 4 роки тому +2

    I cannot conceive of the mind of a man that would take his precious metals and put them in an Unallocated facility when Fully Segregated exists.
    Presumably Unallocated is cheaper storage

    • @MarksElectricLife
      @MarksElectricLife 4 роки тому +3

      There is no storage charge for un-allocated. That in itself should make you suspicious !

    • @robertoh.20
      @robertoh.20 4 роки тому +1

      not just cheaper storage (probably) but for sure , cheaper "metal" price.

  • @RockyMountainTrails
    @RockyMountainTrails 4 роки тому +1

    if you buy 20- 1 kg bars and ask for delivery ,they will give it to you in 2- 10kg bars which is fraud when people purchase 1 kg price instead of being cheaper for buying 1 large bars

  • @CatsMeowPaw
    @CatsMeowPaw 4 роки тому

    In the example of Kingold in Wuhan China, you could be left with gold plated copper bars. 83 tonnes of them.

  • @max5183
    @max5183 3 роки тому

    If I wanna invest, I do it with everything, but not gold/silver. The amount of gold and silver in coins is the absolut last resort, like currency reset last resort. I don't buy gold to make money, and if the time comes that I really need that last resort, I can't have it in some vault hours away with no access. Or only existing on paper.
    However if you see gold as just another asset to make a return of your money, there is no need to even buy it in its physical form.

  • @richardsanchez9190
    @richardsanchez9190 4 роки тому +1

    How is that legal that you pay for a brand and they give you something else that's how I don't get it

    • @TheAverlorn
      @TheAverlorn 3 роки тому +1

      I guess it came down to the 'fine print' of a reputable 'swiss company'

  • @zenglider2145
    @zenglider2145 4 роки тому +1

    Why do people pay a higher premium for "brand value" ? Aren't one ounce gold pieces of 99.9% purity having no numismatic value the same regardless whose name is on it? If it is easy to test the purity before buying why care about the 'brand'?

  • @ftrudeau
    @ftrudeau 4 роки тому +1

    Slow down on the cam to cam switching, it's too much!

  • @allenschmitz9644
    @allenschmitz9644 4 роки тому +1

    you pay to own gold and silver every day you own it vaults/ safe box/ etc.for 40 years,storage you lose money every day.

  • @charliehinde1701
    @charliehinde1701 4 роки тому +4

    Unallocated: *exists
    Fully Segregated: I'm about to ruin this whole man's career