How Much is 1 Ounce of Gold Worth? What is Gold Spot Price? What is the Premium on 1 oz of Gold?
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- Опубліковано 4 бер 2022
- What is gold spot price? How much is one ounce of gold worth? What is the premium on one oz of gold? For that answers to all of these questions, I went to an expert. Sherrie is the owner of a coin shop just south of Chicago in Oak Forest, IL called Collector's Gallery. She's been a silver and gold dealer for over 30 years. The lady knows her precious metals! Whether you're just curious about learning about buying your first gold coin or gold bullion or a seasoned investor, this video will be helpful!
As always, THANKS FOR WATCHING!
T
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Disclaimer: T the Silver Stacker's video's typically consist of conversations surrounding education regarding and the acquisition of, but not limited to the following: silver, silver spot price, gold, gold spot price, platinum, silver coins, generic silver rounds, collectible silver rounds, fractional gold coins, pre-33 gold coins, ancient coins, American Silver Eagles, Perth Mint Coins, Mexican Silver Libertads, Fractional Libertads, Proof Libertads, Mexican silver Onzas, junk aka constitutional silver, silver bars, vintage silver rounds, platinum, vintage silver bars, Morgan Dollars, Peace Dollars, paper currency, coin collecting in general, silver spot price, gold spot price, coin shops, coin dealers, coin shop videos, how to sell silver, how to sell gold, and more. Please understand that although the conversation frequently touches on the state of the economy and how it affects the accumulation of precious metals (stacking), T the Silver Stacker is no way shape or form a financial advisor. Glean what you will from the silver stacking philosophy shared, but ultimately the viewer is responsible for making their own decisions. Some of the links in this description are affiliate links that provide me a very small commission at no additional charge to those who use them. - Розваги
We all see plenty of dealer interviews on the various stacking channels, but Sherrie is a breath of fresh air and is just fun to chat with. Thanks for bringing her to us, and I hope we get to see more of her in the future. Interesting to see your closing credits with channel members listed. I hope it'll inspire some more of our community here to join up!! Always the good stuff here! Thanks T!
Thanks Gary! Much appreciated! With me and Sherrie, the content might not be perfect, but you get originality and authenticity. I appreciate you noticing that at the end. I saw that other guys do this and thought I’d give it a try. Have a great weekend, my friend!
i have discovered the nature of money that would provoke the gold and cryptocurrencies market crash. If you buy put options on gold and with your influence make my theory on money known provoking the gold market crash you would become rich. Being everything else the same a country with no gold is wealthier than a country with gold that protects the mineral inside a vault. Being everything else the same imagine a country with a baker, a fishmonger and a singer with no gold and another with a baker, a fishmonger and a guard to protect gold inside a vault. Which one lives better? Which one is wealthier? The country with no gold is wealthier because the baker and fishmonger get entertained by the singer for their money but the country with gold have to work to pay the guard to protect a mineral that offers no wellbeing or wealth because is useless inside a vault. An analogy would be an innocent kid after saving his pocket money buys a bicycle and his father tells him that he can store the bicycle in a garage unused to sell it in the future, but the rent of the garage would cost him some of his pocket money or he can use and enjoy the bicycle. Which option would the kid choose? There is not benefit in buying to sell because no value is added. Do you understand? The gold becomes wealth when is used, sparing the cost of protection. Because gold is increasingly more expensive to dig out as there is less underground and is increasingly cheaper as there is more on offer overground there would be a point when nobody would be mining the mineral. How much cost the taxpayers to protect gold? Cryptocurrencies are a number but money is transferable debt, a number and a name.
This woman is so straight forward. I wish she had a shop in my home town.
Yes. She doesn’t mince words. Very honest. Thanks!!
Loving these! Awesome info again. Look forward to the next visit!
Thank you very much! I'll try to get out there soon!
Sherrie is such a help and thanks for the lesson. Shout out to both of you for what you do on this channel.
Thanks Chris!
This is very helpful. Thank you for this. I bought most of my gold last year, although I crumbled at temptation and bought a Libertad about 2 weeks ago.
Nobody can resist a nice Libertad! Ha ha!
Always enjoy it . Thanks T
You got it C & C!
Definitely great info for beginners! Always good to hear even when your not!
Yes. Lot's of newbies heading the call every week! Thanks buddy!
Sherry rocks! If she was in my neck of the woods I'd shop local instead of online.
She sure does! Thanks for watching!!
Another great video brother and Miss Sherry is great!!!
Thanks BSS! She sure is!
Thank You so much this is such a hard topic to find information on..
Glad you found it helpful! Thanks for taking the time to comment!
Keep on protecting our wealth with gold and silver. Keep on stacking T 👍🏻
Right on Lumberjack!!
I've been paying 14% over the spot price for 1/10 age. I prefer and I like the 1/10 a lot more too.
Great interview. Always good to get the basics on gold and why it's a good idea to hold it.
Yep! Helping out the newbies!
@@TtheSilverStacker😮😢😅 😮😮
Hello Sherry and T great video thankyou.
Hi Thomas! You’re welcome!!
A pleasure to see a sincere coin shop owner.
Thank you. She’s an original!!
Great video and Sherie is super knowledgeable.
Can you or Sherrie please talk about premiums she charges on 1oz, bars and not just coins?
I am more interested in bars than coins and can't find any videos that talk about average premiums on bars compared to coins.
Thanks and keep up the good work!!!!!!!1
Great suggestion! I like one ounce bars too!
Buy anything gold and silver while you still can! I would rather be a day early than a day late!
Great point!
Hi T, thanks to you and Sherrie! your videos are awesome, thanks to both for sharing your thoughts. Take care and stay safe my friend. Enjoy your weekend to both of you.
Thank you T M! Sherrie is a lot of fun! Thanks for your loyal viewership!
Thanks for the visit
I appreciate you Bob!
T, love the content especially when you visit different LCS for an expert point of view. Could you do a video with a shop owner on store etiquette? I encounter new collectors/stackers doing all sort of crazy things such as looking over another customers shoulder, reaching for and grabbing other customer's coin and demanding the store to test their PMs without any intension to sell to the store. I think this might make a good video because more and more people are buying PMs.
Great idea!!!!
I like that idea! Thanks for sharing! Will do!
i have discovered the nature of money that would provoke the gold and cryptocurrencies market crash. If you buy put options on gold and with your influence make my theory on money known provoking the gold market crash you would become rich. Being everything else the same a country with no gold is wealthier than a country with gold that protects the mineral inside a vault. Being everything else the same imagine a country with a baker, a fishmonger and a singer with no gold and another with a baker, a fishmonger and a guard to protect gold inside a vault. Which one lives better? Which one is wealthier? The country with no gold is wealthier because the baker and fishmonger get entertained by the singer for their money but the country with gold have to work to pay the guard to protect a mineral that offers no wellbeing or wealth because is useless inside a vault. An analogy would be an innocent kid after saving his pocket money buys a bicycle and his father tells him that he can store the bicycle in a garage unused to sell it in the future, but the rent of the garage would cost him some of his pocket money or he can use and enjoy the bicycle. Which option would the kid choose? There is not benefit in buying to sell because no value is added. Do you understand? The gold becomes wealth when is used, sparing the cost of protection. Because gold is increasingly more expensive to dig out as there is less underground and is increasingly cheaper as there is more on offer overground there would be a point when nobody would be mining the mineral. How much cost the taxpayers to protect gold? Cryptocurrencies are a number but money is transferable debt, a number and a name.
Thanks T great video thanks for sharing my friend
My pleasure! Always appreciate you watching!!
Thank you for this video
My pleasure!
Great video my friend! Who’s beautiful mercury 😉😎👍🏻 and man that beautiful libertad 🤩 wait until Tuesday i purchased something I think you Might like 😎👍🏻
Ha ha! You know it! Looking forward to seeing what you got!
Sherry seems very knowledgeable & upfront.
Yes, she's the real deal!
Another great interview, appreciate it.
Thanks B2!!!
Very helpful video love it 👍👍👍🙏🙏🙏❤️❤️❤️
Thank you!!
At december 23 i bought a 1/10 Philharmoniker gold for a little bit over 190 swiss francs. Now it's around 20 swiss francs higher.
Continues to climb!
I shopped here last summer bought some silver very cool T
She’s an awesome lady!
I used to live on 153rd and Cicero now I’m living in Florida
Your videos are MS70 my stacking friend! Thank you for the great share! My oh my where will precious metals be with this crazy crap in the world. I'm so glad we have a start and sharing your videos mabey a few people can see it's important to stack. Stay safe stack on! Peace from Kansas!!!
I hear ya Ks! The public needs to wake up to this alternative way of saving. Thanks for the kind words buddy!!
Great advice, buy what you can when you can. Totally agree
Thanks Trident!!
I like Sherry, Saturday's with Sherry would be a good Idea.
I'll see what I can do. Thanks!!
One thing to consider when buying PM's... What is your exit strategy? Just about every country these days have government cash payment reporting requirements. Here in Australia spend more than $5000 cash and a permanent record is kept with the merchant. $10,000 cash and it is reported to the government. So one needs to consider how below the radar they want to fly... given Gold (as an example) is a long term investment, you don't want to find that in the future your 1 ounce coin cashed in is flagged by the government and suddenly you are under government scrutiny. This is why I buy small amounts for personal use. My company buys much larger amounts.
Thank you for the video is a lot of education.
Glad to help a few people out! Thanks for watching!
The place I buy gold will allow you to trade up. If you buy four quarter ounce pieces over time you could exchange the four for one ounce later at no cost.
That’s awesome!
Thanks.............T!
Right on Bricktown!!
Back in the 70s my dad bought several hundred dollars of one-ounce Mexican gold coins at $30 each. Spot was less than $40 back then.
In the early 2000s I bought a one-ounce Mexican gold coin from a coworker for $200. Spot was less than $300 back then.
Mexican gold is the hottest gold out there now!
i have discovered the nature of money that would provoke the gold and cryptocurrencies market crash. If you buy put options on gold and with your influence make my theory on money known provoking the gold market crash you would become rich. Being everything else the same a country with no gold is wealthier than a country with gold that protects the mineral inside a vault. Being everything else the same imagine a country with a baker, a fishmonger and a singer with no gold and another with a baker, a fishmonger and a guard to protect gold inside a vault. Which one lives better? Which one is wealthier? The country with no gold is wealthier because the baker and fishmonger get entertained by the singer for their money but the country with gold have to work to pay the guard to protect a mineral that offers no wellbeing or wealth because is useless inside a vault. An analogy would be an innocent kid after saving his pocket money buys a bicycle and his father tells him that he can store the bicycle in a garage unused to sell it in the future, but the rent of the garage would cost him some of his pocket money or he can use and enjoy the bicycle. Which option would the kid choose? There is not benefit in buying to sell because no value is added. Do you understand? The gold becomes wealth when is used, sparing the cost of protection. Because gold is increasingly more expensive to dig out as there is less underground and is increasingly cheaper as there is more on offer overground there would be a point when nobody would be mining the mineral. How much cost the taxpayers to protect gold? Cryptocurrencies are a number but money is transferable debt, a number and a name.
sweet information
Thanks EC! Appreciate the kind words.
I’m working and saving hard for a 1oz age for this summer!
You must be a way better saver than me. Good luck, my friend!
If my LCS proprietor was as cute as Sherry I would spend more money in his shop. I appreciate her non BS attitude.
Ha ha! She’s definitely an original!
Sounds good T & Sherri a Saturday Precious Metal extravaganza!!!
We may be able to make it happen!
What I’ve been doing, myself, is I save $125 out of my paycheck every week, which is $500/Month. Then I save up for four months until I have roughly $2000-$2200, and I’ll take that money and buy a one ounce gold coin, and if there is any money left over I’ll buy some Junk Silver, like Circulated Morgans or Mercury Dimes or Silver Roosevelt Dimes.
By keeping to this schedule, I’m able to buy three ounces of Gold and several ounces of Silver every single year, and that adds up quickly over the course of five or seven years..
I like that idea. I wish I was a little better at saving cash.
@@TtheSilverStacker Yes, it definitely takes a lot of discipline to stick closely to a budget. I cut corners to a certain extent, although I definitely don’t deprive myself. I’m lucky to have an income wherein I can (just barely) afford to save an average of $125 a week, and I still live fairly comfortably… I just don’t trust all this constant printing of more and more and more artificial Fiat Currency, so I like to take a pile of this increasingly worthless Fiat Paper Currency down to my LCS every four months or so and pick up a slug of Gold and possibly a couple more slugs of Silver, if there’s any Fiat Paper Currency left over after trading a stack of it for THE REAL THING, Gold…
Do you have any informal videos about buying from online and their mark-ups compared to a physical store?
Not really. I buy 90% of my bullion and collector coins from the LCS. I find good deals and fun surprises.
Hey T another great video with Sherrie. When people bring stuff into the shop to sell to her does she test it with a sigma or XRF?
Thanks buddy! I’ll have to ask!
sherrie, excellent
Thanks G S! Coin shop videos are one of my specialties.
... Cheers to you ...
Right back at ya!
I'm stacking not collecting so to avoid the higher premiums I shop for foreign 90% gold coins and maybe smaller bars.
I hear ya. I do the same!
I like her. Visit again. Thnx for sharing.
Will do Felix. Definitely!
Find it bad business when even the 1 oz Maple leafs which should be a lower premium is now high premium. Here in Canada the premium is running around 25% discouraging my silver investment. Spot price today is $32 Cdn an ounce and even my bank is charging $42 for a maple leaf. Even generic TD 1 oz bars are $41.20 per oz.....sad !
It’s rough times with these silver premiums.
What is her take in digital assets(BTC) and precious mental view?
Check this one out John. She addresses it here. ua-cam.com/video/BqWyhnNrdzQ/v-deo.html
Bravo
Thank you Brian!
It's going down for real!
The price of gold that is...
You never know where it will land.
I wonder how much Sherry pays for 1/10 Oz gold coins? Do you get any of the premium back on the fractional coins?
Not sure. Feel free to give her a call.
Hey T - If some of your dealer friends offer shipping to out of area customers, would you discuss with them on vid (or write in description) their terms (for payment, shipping methods, sales tax, carriers, cost, insurance, etc.)? Just a thought. I'd consider calling some of your coin shop friends but don't want to use a lot of their time on the matter of these necessary details. ✌🏻🍻
Thanks C R! You may want to call Tommy from Hoosier Coin and Currency. Shipping is a significant portion of his sales. Thanks!!
Hi, T. LOL. You didn't show what piece of gold you bought at the end of the video. We expect that now. *TYU*
Ha ha! That was the same day I bought some silver. Couldn’t pass up vintage silver.
@@TtheSilverStacker Two words:
Gold Libertad
Question, does she have sale PM'S online?
I don’t believe so, but my buddy Tommy does: ua-cam.com/video/_lKKTdtyXL8/v-deo.html
i wanted to know the price of Mexican Centenario 1 oz.
I’d say give her a call. She frequently has them in stock.
🤘👍Morning
Morning buddy!
Love Sherry
She’s awesome!!
😍 she’s very pretty
Me I avoid high premium gold buy the cheaper premium gold .
👍
Hey buddy!
👍👍
Thanks BA!
In the U.S. the spot price is usually set on the COMEX, and is traded as a future. At one time each contract was for 400 troy oz's in gold "good delivery bars"; the contracts for silver are/were for 5000 oz's. You have to be a member of COMEX to do the trading. In the past I sold some silver, and a little gold, at the then "spot" price. But that "spot" was over four times what I purchased the bullion for years prior - at retail.
4x ? That’s awesome! Congrats Jack!
@@TtheSilverStacker I started buying silver in the early 1980's - when it was "cheap".
@@jackbartlett5460 Very smart move, sir!
as Sherry pointed out there are so many stops along the way before it gets into her hands, kind of like a New York drug dealer lol jk so it makes me think and I know this is probably not a popular opinion with LCS owners because it would make them unnecessary an obsolete but wouldn't it be a lot nicer if we could just get straight from the refineries and mints directly without having to have a middleman (authorized purchasers etc) and without having to buy in bulk would be truly better. In this day and age there's no reason we couldn't order direct.. just think it would save a lot of for US everyday stackers.
Love your content
Thanks. Good points, but I really love going to the LCS. I’d hate to see them all go out of business.
$30,000.00
👍👍👍👍👍❤️
Thanks Rotha! I appreciate you watching and taking the time to comment!
You know, I was waiting for you to ask her how she determines what she'll pay for my 1 ounce gold coin Eagle or Buffalo when I want to sell it to her.....you sort of dropped the ball.
Can’t win ‘em all! Ha ha! I’ll try to do better next time!
T you did not buy anything this time, what is her rate for 90% silver per dollar face I am paying 20 per dollar face.
Hi Martin. I filmed this the same day I bought that Sears tower bar and other cool silver.
She's easy on the eyes.
Very cool lady!
Buying gold and silver is biblical
Yes!
I have a question. Does Sherry carry a gun at the hip? Lot of CSD (coin shop dealer) in the US do that.
Not sure. I’ll have to ask.
Lol Elden ring best build
By the title, I was expecting something a little more profound. Like 6 months of peace of mind . Ect.
I think you’re right. In retrospect, wish I would have mentioned that!
MULTIPLE REASONS WHY GOLD AND SILVER GOING UP!👍🇺🇸🇬🇧🇿🇦🇷🇺🇺🇦
Yes! Right about that!!!
It’s because of damn near everything!! To much going on right now.
You’re right about that!
Spot price is the paper price, it’s becoming irrelevant in comparison to the physical price. It’s how they manipulate gold and silver, they flood the market with paper gold and silver to smash down the price. I wish this ladies coin shop was close to my house as I think she has very good prices. If she’s gonna follow spot price then she’s short changing herself but I will be happy to give her my garbage fiat dollar for her real money. Lol
Gold definitely is real money Silver Wolf. Thanks for watching!!
Russia Russia Russia 😂😂😂
Indeed, Clean Money! This was even filmed before the invasion. Thanks for watching buddy!!
@@TtheSilverStacker always bro