Is fractional gold and silver a waste of time and money?
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- Опубліковано 13 вер 2024
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Fractional are great for people who really can’t commit to a full ounce at a time. I think slightly over paying for gold is 1000x better than not having any gold
You make a good point there about not having any gold being worse than overpaying a little!
Chris M: If you keep it long enough you will still be able to get your money back (and a profit) when you sell. PM stacking is a long-term activity......its not a "get rich quick" scheme.
If you buy from a reputable dealer they will have checked it. You can also test things yourself!
The only people who think fractional is a waste of time are rich people who can just go out and get one ounce coins. Also fractional is easier to deal with because they can be broke n down for transactions.
I agree, but for those at the lower end of the scale this comes at a price of a pretty high premium. Thanks for stopping by!
1 oz is fractional for rich people lol. If you can't afford gold buy silver and wait for gsr trade.
Do you really make alot of profit though?
@@thealize808 profit for what? Buying gold or gsr trade?
Or regular people who have the discipline to save their fractional $ allotment until they have enough for an ounce.
I buy fractional gold because it's fun, and a way to accumulate gold
Lev Kris Coins You have a great attitude about accumulating gold. 👍
I just started. Feels pretty dam good accumulating gold
Fractional gold is what I stack, not for investment, but savings. My fractional Silver is in the form of Us Constitutional silver, but not fractional rounds or bars. Great discussion, my friend!
Thanks for stopping by and sharing your thoughts and strategies Silver Saver!
My sentiments exactly. I save my monet in precious metals, not fiat.
When you have a kilo of small gold coins, it suddenly doesn't look that small anymore.
Budget dictates that i only buy 1/10 oz gold. Silver - i try to stick to 1oz and above. I do have a couple of 1/10 oz Silver Libertads.
Nothing wrong with that strategy. You will have no problem with liquidation when the time comes.
Same here
YOU COULDN'T HAVE BOUGHT GASOLINE with "libtards" in 1963. Try Junk Quarters.
It doesn't make since to buy 1 gram of silver. But when you do buy the 1 oz. be sure to buy enough to absorb the postage.....APMEX charges $9.95 minimum per order.
@volcano hi
SAME FOR ME
Sincerely,
Auric Goldfinger
I've bought several of the 1 and 2gram bars and that's enough, done with that. For me the 1/4oz gold coins are perfect size and affordable for me. Thanks for the show my friend.
Every body has their budget. The only mistake is not to buy any gold. Gold and silver are like anything else you buy. The more you buy at once, the less you pay per weight. Buy what you can, when you can. The most important thing to remember is "If your buying as an investment" you already lost. HEDGE!!!!
1/10ths are affordable for me. Anything bigger complicates matters. I keep the premiums as low as possible for my budget by only buying Britannias and Half Sovereigns. Totally worth it for why I buy it.
I saved up for my oz of Gold because I didn't want to pay the premiums on the small coins. If you can save the money you will save yourself hundreds of dollars in premiums...If you can't save, buy silver and watch the ratio of silver to gold and swap silver for gold when the ratio shrinks...
I like the idea of fractional gold, I tend to buy it as gifts for friends who can't or won't invest in gold or silver.
They make good gifts for sure. Thanks for stopping by and chatting!
If you want Fractional at a good currency price you should be buying Constitutional "Junk" Silver. When the bullion sites have deals you can get for very little over spot.
This is my strategy.
Don't forget junk gold too. With ebay bucks promos, you can often get those under spot.
Junk silver fetches as little as 50% spot if and when you go to sell it.
@@deanguando1335 someone has been ripping you off.
@@deanguando1335
You have been getting screwed.
Iv always done way, WAY BETTER return on 90%
I sold out in 2011 at 35x face.
A pocket of Benjamin's is a EASY SELL.
Random rounds or bars...not so much.
Thing is buying fractional gold is it's way to expensive buying it like that, if you want 2buy gold save your money and buy at least 1 ounce or nothing
You're right, talking from an investment standpoint!
You may be offered spot price for your fractionalized gold. However, hopefully you will own it long enough to see a profit and therefore it won’t matter if you are offered spot when you sell.
As always, great topic. I always say "if you like it and want it...buy it". But as far as stacking for weight then yeah the fractional are not the way to go bc of the premiums
Totally agree, if you enjoy the different designs and want fractionals then go for it
I haven’t caught the gold bug yet but I like the idea of fractional collector pieces. When the time comes to pass it on it may be easier to sell in lower price fractions. Love your lunar set 👍🏼
It is easier to find buyers for fractional for sure, love my lunar set too, thanks for stopping by and thanks for that special email 😉
This proves that gold always goes up ,3 years ago £43 spot now 2022 1 Gram pamp £60 ,gold £48:50 gm
I candidly buy whatever gold I can find, fractional or otherwise. Silver? Not so much, at least not fractional outside of what we would consider Constitutional silver. I don’t care much about premiums, they are what they are, and I have been able to recoup those when I sell. That said, I don’t plan to sell any time soon! Thanks for your insight BYB!
I’m starting to buy 1/10 oz gold. Easier to liquidate when I need to
Yes, but beware of the premiums when you buy at that size.
Backyard Bullion I am. I’m buying a mixture of 1/4 1/2 and 1oz. But when I do decide to sell, I can still sell it with premium.
1/4oz gold is the sweet spot for me. Junk silver is my fractional I did buy small amount 1/10 silver only because was at cheap price at a LCS. I see my junk and fractional silver as the first things that go if I need to use the silver for goods and services. But other than that 1oz coins and 10oz Bars Silver is the bulk.
I agree, thanks for sharing your thoughts.
I buy fractional gold because it's fun, and a way to accumulate gold without saving for months for one purchase.
I agree, you can appreciate all the different designs in a series without remortgaging the house!
Imagine buying a loaf of bread or a dozen eggs with your gold when a 90% silver dime would have done the job. WAKE UP!
@@tribulationprepper787 Oh, don't worry! You should see how many of those come in my mailbox every week! Just got $5 face in the mail today!
@@creeksidecubing1009 Good deal.
Secondary market sovereigns will command circa 3.5% premiums best gold is normally secondary market Krugerrands can get to around 2.5%. The 1g bars are 25% plus premiums which is very high. Silver for home storage in the UK is bonkers not only you pay high premiums there's a thing called VAT. Today silver spot is £11.35 for a 1oz coin with Vat £16.69 £5.34 of your £16.69 has gone in premium and VAT so you will lose 31.99% of your investment. Add fractional silver into this and you are losing more than 1/2 your money. Choose wisely just who you take your advice from folks.
Thanks for all the valuable info.
I'm actually PLANNING for a much higher gold price and therefore will have some fractional gold in my stack. I figure it'll be easier to convert into fiat when I need to pay off my mortgage or buy property on the cheap. Even coin shops and dealers might have a problem getting the cash that will be required. And when gold doubbles or trippels in price I'm not going to fret over a bit of premium! 😋
Don't depend on that doubling or tripling, not going to happen any time soon.
@@BackyardBullion thank you, that's actually kind of reassuring! The last thing I want is a SHTF scenario but if I'm right at least I'll be rich. 😎
Guess what just happened.... 😱😱😱😁😁😁
I buy fractional because it is affordable and since I stack as a storage of wealth, and a hedge against inflation, I am hoping in 10 or so years when I do sell, the spot will be up enough to cover all or at least a majority of the premiums.
You're not really making profit from eBay. The take a 10% fee of your sales and when you accept PayPal that is another roughly 3%. You would need to sell it at 13% over what you paid, not inflation adjusted, just to break even...and this is assuming you have the buyer pay all of the shipping cost (which can lower the amount you get for your auction). Selling on eBay has been a fool's errand in my experience. Not worth the hassle and you'll never get even close to your money back.
You need a giant Moon Crest peice of gold for the center of that lunar set, if it exists.
Another major reason for fractional is there is not as much incentive / profit for counterfeiters /scam artists.
For one ounce of one gram bars, they have to use a lot more pure gold and do a lot more work to fool prospective buyers.
My main method to avoid counterfeits /fakes is to always use a reliable source. Research and due diligence before you buy.
Totally agree, not much point in faking a 1g gold bar.
I love that 1/20 perth collection. Very nice.
i treat the $5 premium as saving myself from spending $50 on something i don't need. If by the time i decide to cash in on my savings gold/silver has gone up 20% (which isn't that crazy), i lost nothing and only gained.
This is a good way to look at it!
Best way to buy fractional gold is Sovereigns or Francs
Sovereigns in the UK are cheap as chips. In the US they might have a bit more of a premium
@@sman14033 in the UK, say you want a 2019 sovereign bullion coin. You wait for the market to fall then shop around. And you get discounts the more you buy.. But I stack to hedge minimum 20 year's...
I buy both from Apmex on Ebay BELOW spot by using the 8% or 10% ebay bucks promotion, Even without the ebay bucks, they can be had for as little as $16.99 over spot. www.apmex.com/product/17/great-britain-gold-sovereign-avg-circ-random and here is another from Liberty below spot with ebay bucks www.ebay.com/itm/303054349910?ul_noapp=true
Love the silver lol. Worth buying to feed my inner pirate needs, my kids would love it. Being happy with it and getting that mental chuckle out of it makes it worth stacking a bit of.
I would never sell on eBay. EBay favors buyers over sellers. Meaning buyers can scam you of your gold and there's nothing you can do about it.
Why buy fractional? Simple. If you need some cash.... you can barter the fractional gold instead of selling your 1oz coin....
Some people are not able to buy a ounce or more of Gold.
most people
I've bought fractional gold for gifts but other than that I stick to 1oz+ bullion silver and sovereigns and 1/4oz gold...if I want smaller gold then a half sovereign is fine and for smaller silver I started buying sixpences and the American war nickels are on my radar at some point but buying them in moderate bulk to divide the shipping costs
Thanks for sharing your thoughts!
I agree, "IF" you can purchase fractional gold at close to spot, then they are great. With premiums, not so much.
It makes pretty good sense when you think about it! Thanks for stopping by!
What frustrates me is the premium is not retained when selling. If it was reflected in resale it would make more sense.
I know what you mean, its easy money for the dealers.
Fractional gold is worth the buy if you are trying to invest on a small budget. The gold will likely retain or gain value as the world over populates and demand raises, but can be useful if there ever where an economic crash. One ounce or larger buys are for people that already max contribute to their Roth and want a physical nest egg that they can dump in the case of emergency funds or retirement. The name of the game is know your intentions when buying.
You have some wise words of advice there, thanks for sharing!
This can be very useful when you have to use it during emergencies for transactions. Noone would wanna barter/ trade in big sizes
I buy fractional gold. Pamp 1g. I am banking that the spot price for gold will rise dramatically and plain to use them for emergency's that I am not prepared for. As for fractional silver. I have some Constitutional silver for bartering. But mainly I buy bullion tho I do have a few limited minting coins that I like and want to keep for my own.
Smaller denominations are more popular because people want to start small and work their way up.
Yes indeed but they are still very expensive
Backyard Bullion timing a good buy is important but with the way our economy is going. Paying abit more for a smaller denomination will pay itself back once the price of gold goes up.
I stack fractional eagles anticipating a need for gifts, extended family support and charity. Weddings, babies, and graduations are all good uses for dated fractional gold coins, and they start good conversations. Also, if times get tough fractional gold is much easier to hide and to move - coin shops and eBay may not be options.
These are all brilliant reasons to have fractional pieces. Thanks for stopping by!
Yep, as an investor stacker I can't justify the premiums on fractional Gold. However, I do have a soft spot for Austrian Ducats. I'm always on the lookout for cheap soverigns.
I agree, if you are a true 2% stacker then they will not be for you
@@BackyardBullion I bought only gold by the ounce and later decided to buy fractional reasons very little people own gold and only having ounces is hard to sell I buy to stack for the long term and I see gold prices going up so the premium I pay now won't matter years in the future
1/4 oz gold has less premium than silver eagles. Easier to sell the gold than loads of silver
Great content as always BYB Family.
Thanks and thanks for stopping by!
Depends on your definition of fractional lol. Gold at $1550 an oz, is expensive. I have a 1901 $10 Gold liberty. Which is like .48 oz or just under half an oz. so it’s technically fractional.
I say it’s good, more pieces easier to sell and use, rather than larger coins. I mean seriously the coin I have is already worth around $775 , so yeah. I like fractional. I also like junk silver, that’s technically fractional. And hey even a single gram of gold is worth like $50 so yeah.
Silver ounces can be thought of as fractional gold. : )
But fractionals in gold probably makes sense. Maybe a small bit of fractional silver (or 90% mercury dimes) would be helpful when the zombies come.
Bob Sullivan I like the fractional 90 % silver dimes, quarters, half dollars, I collect peace dollars, morgans
@@DWRUTSGNT AGREED... AND, Junk is the best recognized, probably most trusted and, for sure, the least expensive silver to acquire for very possible SHTF bartering.
THE COLLECTORS CAN KEEP all the pretty stuff to show off to their un-prepared, dead collector friends. Only 3% of people are prepared for bad times to come.
Tribulation Prepper Awesome intelligent comment, spot on!
@@glockman1558 Nice of you to say so. Thanks!
It is always a joy to watch your videos and they are very educational. Thank you!
Thanks, glad you enjoyed the show!
YOU ARE TOO EASILY LED.
Tribulation Prepper, LED is not a PM, however, worth stacking by plumbers and the likes of you!
@@hihosilverlining9081 Who are The Likes of Me? (Hint: I am not a plumber)
Hey BYB can I make a good point, and everything im saying im figuratively speaking here. If you only buy larger gold or silver I always think how will I sell it? For example and figuratively speaking lets say Gold goes to 10k per oz. Who will buy an Oz from you? But others will be able yo afford a Gram or 1/10th. Same with Silver, people wont be able to buy a 100oz bar of silver but will be able to afford 1oz. Great vid! Cheers!
I completely agree with you my friend, the advantage of fractional is you can sell a lot more easily, but if you need to sell quickly then you might take a premium hit
Backyard Bullion I say this always buy stuff to keep and have a pile for Trade/Sell. Doesn’t hurt to mix it up. Also people shouldn’t be buying what they can’t afford, eliminate the quick sell and loss by only buying what you can afford. Cheers!
So many people buy what they cannot afford every day with silly coffees and stupid trinkets. Buy what you can afford and it will look after you. Thanks for sharing your thoughts buddy!
You can find a lot of fractional gold and silver for a great price if you pick up junk silver or old european gold coins, in most cases the premium for them are lower than for 1 oz bullion coins.
Yes I agree, if you are shrewd you can find good deals. I have picked up 2% gold a few times at coin fairs
In Germany it's not hard to find good deals, gold.de is a great site to compare prices and find cheap gold and silver from certified dealers. Right now there are 5 different gold coins with a premium of under 1% in the under 300€ category.
As a self described peasant, i buy fractional shares of gold, started off with 1 grams but have gone up to 5 gram bars now. Yes I'm aware that an ounce of fractional gold will cost more than buying an ounce at one time, but thats just the way it is. Great video, i subscribed!!! Thanks
I just started with a 1gram and 5 gram gold bar but I agree I know I'm paying a dumb premium on the former and probably won't get anymore but I wanted it I'm just doing it as a way to save anyways. The way I look at it that premium I was going to waste on Burger King so guess I'm getting groceries 😉
I buy fractional once or twice a month. Sometimes is harder to save money for bigger amounts...
My first gold round was an 1/10oz 2011 P Australia Gold Lunar Series ll Year of The Rabbit. Definitely will be buying more. love how detailed they are and just great for my stacking.
Keep stacking! doing great!
I love these 1 gramm Gold pieces as giveaways. For stacking a dont go below half an ounze
They do make good gifts, not too expensive!
To each in accordance to thier means.
Great idea. Think I will buy some specifically for giving away. What a unique gift for someone who owns no gold. 👍
Love the monarch Silver you have.
It's very nice isn't it!
Love the sound of silver🙂👍🏿
Isn't it amazing!
Just bought my very first 5gr gold bullion last week.
I plan to invest little by little for retirement or emergency.
Do as the budget allows.
Now I'd love to split with some silver, but in EU, there's not VAT on gold, while there's a huge VAT on silver.
I rather pay premium on gold than giving my honest hard work money to the government.
Samael Games: Me too !! The *cheapest* silver I can find in the UK is currently about £30 - £32 per ounce (approx $40 - $43) so I'm not buying any more silver now.
you paid more in premium for fraction gold/silver coins than you would have paid for 1oz and up. How is it called "saving"?
Because they have market value as premium coins, so you can sell them for what you paid or more, it is just harder to do!
Fractional bars are favorite. Remember you own the premium you pay and it doesn't disappear. Those high premiums will be there when you are selling. You can put them inside an Element Card. Link below
www.ebay.com/sch/m.html?_odkw&_ssn=juniororjr&_armrs=1&_osacat=0&_from=R40&_trksid=p2046732.m570.l1313&_nkw=element+card&_sacat=0
Fractional gold is ok when the gold price itself is low (such as £900 last October). I got a deal on 1g silver bars at a few pounds over spot (£33.50 per gram, rather than £40 or so as per normal). They were sold in 10’s so I bought three lots to go with the ten 1g bars I already owned. So I have 40x 1g bars. Nice for quick trade/barter. Otherwise, I’d go for 1/10th oz gold Britannia’s at £105 each.
As with everything if you can get a good price on the items then it is very good to buy in my opinion
Just a quick thought. Suppose there was hyperinflation and all you had were 1 oz gold coins. What would you do? Well, I can think of a few ideas. 1) Sell your 1 oz gold coin for 75 or so 1 oz pieces of silver, THEN barter (assuming you can find a buyer) 2) Sell your gold coin and invest in bitcoin 3) Look into 'gold credit cards' like Goldmoney, that allow you to liquidate your gold as a currency 4) Sell your gold and look into real estate sharing, or what have you. Fractional is good for truly shtf, but 1 oz is still okay too.
BYB... I must be frugal as I just prefer to save up and get at minimum the 1/4 oz gold coins, such as the Queen's Beast series. Paying the high premiums to me is wasting money that perhaps could buy more silver or gold. It could be because I also have a very limited budget. If I had a lot of money to spend collecting series of fractionals could be fun, I do understand why some people like them. Your lunar coins are lovely in the display box.
I agree entirely. the lunars are fun are t they!
Dakiniwoman I’m the same only started stacking at the start of this year have a young family so my limit is 80/100 a month :(
That’s a great start man and when time comes to trade or sell or live of them since market will crash sooner or later for SURE this is a good plan no matter how you stack smaller the easy bigger the better it’s a win win no matter what
Yes, if you buy at a premium and sell to a dealer at spot, you lose. Who does this? The premiums for fractional bars are inherent and should go both ways when buying and selling thus making the premiums irrelevant. When you buy the fractional bar, you also own the premium to that bar and selling it without the premium is stupid. If you want to go into a pawn shop and sell your gold at spot, understand that's probably not wise when you can easily realize the premiums selling on reputable sites.
Premium of fractional gold and silver are ridiculous.
It certainly can be, yes.
@@BackyardBullion CAN BE, MY BUTT! It always is a rip off! Are you trying to convince people to screw themselves?
What would a premium have mattered to ppl who bought gold 20-30 yrs ago? You know what happened? 👌✌
I'm simply saying that if you can find them at a cheap price then you are good to go. I bought these at spot +5% which is an incredible price for fractional bars. Not trying to convince people to screw themselves at all.....
I hold fractional gold and silver! I have a 40 stack of 1/10 oz gold eagles, and 250 oz fractional silver for emergencies. I have 1/2 oz gold eagles too. I have those, but I make one ounce coins my priority. It’s just a matter of trying to foresee possible SHTF issues that might make you wish u had diversified by holding smaller coins, as a ultra precaution, aside from purchasing gold as an investment to curb inflation.
grams are 2200$ a ounce atm, 1/10ths are 2000$ a ounce, spot is 2000- under selling price, and a Roll of gold oz's is still over spot, but cheaper than a ounce over all. ive been watching ebay for last month. spend 182000$ or you pay a Premium. thats why i will sell my fraction at premium prices :P
It always comes down to wants versus needs and collector/low mintage items versus unlimited mintage bullion.. of you "want" something special you will pay.
I agree, if you really want it you will pay for it.
Great video BYB!!!
Thanks my friend, glad you enjoyed the show!
Hey,
Thanks for the video. I love the "pharaoh" style silver coins. Could you pelase tell me which one they are? :)
I think everyone that wants to collect or stack silver or gold needs to diversify so buy a little bar a big bar a small coin a big coin so that you have a big market when you sell the stuff :D
I agree, having a good range is critical when the time comes to sell. Thanks for stopping by!
@@BackyardBullion always fun to watch and think about your content 😁
Appreciate the feedback my friend!
@@BackyardBullion i make this kind of videos too and i am inspired by people like you but than in dutch because theres little to no good content in the dutch language about stacking and collcting silver and gold coins 😁😉
If you cant affoard 1oz gold coins, you shouldnt be buying gold.
Imagine saving 300 bucks a month then buying 1gramm bars, and loose 120 bucks on that purchase, then you throw away 1month of work every 3 months.
And then you sell it to buy a car or somehing, and realise you worked 3 years for nothing.
I think you are right. Best to wait and see how much you can save over a few months
Why would you lose 120?
Waheed Malik Because they let you pay way more than the gold price, and when you sell it you get only the Goldprice.
@@yaykruser that's why you hold the gold. 10 years from now itl be worth more than you paid for it now
@@dannybutler8292 Not when you buy these mini things and lose 35% when you buy it
The Heraeus gold bar disk dispenser and card versions are now my favorites. It's super cool to see you have them! I enjoyed your commentary as I'm thinking of investing more into fractional gold. I have some 1/10oz krugerrands and 1 20 Franc rooster though
Where do you get the MultiDisk 10 x 1 g in the US or Canada? Any clue? Thank you.
Some amazing points, bud.
Great video, my friend.
Thanks for stopping by!
I buy 1/4 ounce queens beasts coins, just because they're more manageable on my budget than one ounce. Other than that, i really wouldn't pick up fractional unless it was priced right or something really attractive.
I do that with gold and with silver I only buy higher than an oz, and then I sell local with a premium and make a profit.
These are a great choice for sure, but can be pricey too!
Love a sovereign
Who doesn't !
Could you please make a video how to liquidate gold coins, bullion and bar here in UK. Cheers!
I will put it on the list of potential future video topics!
Jaymart23: Most of the big dealers will guarantee to buy back your PMs......or there's always Ebay.
fractional silver dosnt make much sense cause one ounce is like $30, gold, on the other hand, is mad expensive and makes total sense to start investing with small bars
Just got some gram pamp gold!!! Gave them as gifts to my family
Look people I will give it to you staright. We stack gold and silver because we dont believe this current system will last. If u r paying premiums then it is just a hobby and you are as ignorant as the rest of those who believe in the dollar. U r on a budget, dont buy every month. Save ur money and buy every few months. If gold is too expensive buy silver or get another job.
I completely agree with you my friend. Thanks for stopping by!
Thanks for the video 👍👍
My pleasure !
I buy fractional gold only - not silver. I always look for sales. The Australian 1/10 oz. WWII commemoratives (Victory In The Pacific and Battle of The Coral Sea) have been good values. I also got some Red Tailed Eagles awhile back for a good price. Other than that I pick up US Gold Eagle in 1/10 or 1/4 oz. and 5 or 10 gram gold bars. Another interesting buy is Mene 24k jewelry (chains and charms) for my wife. Its wearable wealth and you can take an unlimited amount through airport customs with no questions asked.
Why would you ever buy fractional Silver when an Ounce of Silver is so freaking cheap?
Because when silver becomes so expensive,so expensive it buys enough food for a family of five for 38 days like it does in Venezuela this very moment you are reading this,it will make transactions by small denominations to where you do not have an excess amount of fiat currency losing buying power.Three Mercury dimes in Venezuela will take care of you if you are single to cover all living costs for a week.During hyperinflation the ideal goal is to never have fiat in your hands for more than a day. A thousand dollar face value of dimes,quarters and half dollars(715 ounces ) together will do you righteously to get through onto the next financial paradigm in the start over.ASE; silver eagles(500 ounces or more),we stack them for using to exchange out to purchase land and businesses later the size of city blocks.
I would love to own a 1oz gold bar someday but I’ll probably never be able to afford one and the price for them is just going to continue to go up. Every once in a while, I’ll pickup a 1 gram bar though.
Great video, BB!!! New subscriber!
Thanks, welcome to the channel!
I've been buying grams of fine gold @ $3 each.
Then it's not real gold if it's $3 per gram
@@BackyardBullion It's real. 24K LBMA certified Nadir gold. I've had them acid tested. It's because i acquire them via gold-backed cryptocurrency called KBC. And yes, they do physical delivery, insured by FedEx.
I can also buy them @ £13.50 from the exchange. Or @ $50 MAXIMUM, if i just buy it directly. It depends on the acquisition method. The latter being the least economical of course, but even that is a good price for a physical gram.
Does what you say in this video also apply to fractional Platinum and Palladium? Also, I think that buying fractional Silver is stupid, because Silver is so cheap per ounce. Unless it's junk Silver. Gold, on the other hand, I think is good as a fractional purchase because it's so expensive per ounce, so it makes it available to more people.
Well, I think all fractional metals are more expensive for sure, so I guess it still applies.
I like to stack old half and full sovereigns.
Fractional gold and silver does have a potential advantage for SHTF....how would one but day $50 or $100worth of food if you only have ounces of gold? Or $10 purchase if you only have ounces of silver? I think that one company that sells 50 attached gram bars all together..."combibar" I think they call em? SHTF you UST break off pieces as needed
if u cant save up for 1oz gold coins/bar or only want to spend a few hundreds a month, then yes fractional gold is a great way to collect/stack. i would rather have 1-2-5-10g gold then not having any! over time that will add up. but for silver, i rather just collect 1oz coins or 10oz bar.
I'm thinking on starting to get gold but it's so expensive which lead me to your video about fractional, the more I dig into it the worse it gets with the ridiculous premiums on fractional gold bullion, for the common man it's just not wise to pay out something that you can never recover your investment back, clearly 1toz is the only way to buy but again there's another catch, most people just can't unass $1,500 +/- for gold coins
Fractional gold is one of the highest premium pieces of gold you can buy - especially from a dealer. Well worth saving up and even if the gold price goes up in that time you will still save money!
Great video again byb 👍 I prefer 10gr and up as long as its a pamp 😀
10gr and up is a good size and pamps are lovely!
Soicond,. Sew Wot. Fractional gold? Yes, when negotiating to acquire an asset, going from 1oz to another is a huge jump. Imagine a 10,000+ £/$ item you want, going to 2oz might be well overpaying. I'm happy with my 1/10oz coins and I will never cash them. ALSO, I don't consider having a few oz of 1/10 as being stuck with them.
I agree, if you want more flexibility then got for fractional
@@BackyardBullion Once you have it, you have it, I have more than 10 X 1/10oz so I have enough..
I think it's very true what you say. You forgot to mention vintage coins in generel - not just Sovereigns. Many vintage coins like French, Danish, Italians and a few others also are fractional and have low premiums.
Concentrate on coins because they're much easier to verify as there's no certificate card to destroy and verifying a bar without braking card without high tech equipment is very difficult. Coins are easy and while no single test alone will guarantee a coins is geniune multiple combined tests will as material physics works for you. And yes any gold at spot is a great price as long as you're sure it's genuine (and don't think prices will fall in the near future).
I think fractional gold is good but nothing smaller than 1/4 oz.
You might want to look into Canadian coins. Gold 'Maple Leafs' come in 1g, 1/20, 1/10, 1/4, 1/2 and up.
Thanks for the heads up, I agree fractional gold coins are better than bars
@@BackyardBullion www.colonialacres.com/
You can pick up fractional 1/10 oz. GOLD cheap if you shop the main players OR when they put them on sale. I can also pick them up at melt. I am in The States so it is sometimes easier. PLUS, most States don't have a TAX. The idea of a "value added tax" is absurd. I have never bought fractional silver. At the current price of silver I stick to 1 oz. 5oz. or 10 oz. silver.
I totally agree, value added tax is a total scam
I have been buying circulated gold as it seems more affordable with low premium. Silver has high premium in fractional
100% agree, 2nd hand gold is often very well priced.
@@BackyardBullion I tend to look at it per gram in circulated gold rather than a 1/4 ounce or 1/2 and so on.
Only if humans suddenly decide in unison, that silver, gold, platinum, and palladium are worthless. They are always going to have value. They are basically a savings account, and saving paper money is considered smart, so why wouldn't investing in precious metals not be smart?
I think that this is unlikely with 5000 years of history behind them!
I agree if you want fractional go coins! 🔥🐉
Yes I totally agree
We deal gold in grams
And the available are soverign equal 8 grams
And half equal to 4 grams
And quarter equal to 2 grams
The premieum is per piece
But for coins it is 2 to 3 dolars per gram