@@benwilliams3539 point is it’s a collectible. I don’t treat it as an investment. If it goes up in value, fine. If not, who cares. I have plenty of $ in the stock market, own a house, etc to build wealth in other ways. I don’t need to sell metals & coins as part of wealth building, so that means I won’t need to get rid of stuff that I don’t want to get rid of. I really enjoy collecting these things. Stocks aren’t enjoyable to collect. No attachment to those or internal conflicts selling them.
@@benwilliams3539 u could just start small. That’s what I did. Say u really like the artwork on a certain year 1oz silver koala from Perth. Buy one for your permanent collection. Separately, you could buy some other stuff with the intention of getting it at a good price & reselling later. Doesn’t have to be all or nothing.
My exit strategy is a dual one, accumulate bars to sell to bullion dealers if in need of cash and collect coins that attract a good premium like Perth Mint and Royal Canadian Mint and sell coins to collectors
You forgot to mention that bullion is emergency currency when financial systems collapse, and in a runaway price scenario small denominations are far more useful.
if you want an exit strategy thats simple and easy then buy paper. No matter what, there's no point paying premium if your soul intent is to exit in the near term. If you want to take part in a 5yr bull run then buy physical. I have both. But like most investments time in the market beats timing the market.
Everyone is different, but for me personally, gold = long and silver = 50/50 long and speculation. I'm hoping to sell half of my silver coins in the future if the spot price increases dramatically. Fingers crossed! :-)
I started with bar's and now have moved on to coins a healthy mix of both and plan to leave to grandkids ,excellent channel by the way very informative with sound advice well done 👍.
@Blake Really didn't know about this. They just said no matter what brand or form they will pay spot. That's why I bought locally produced. I'm sure when its $800 an ounce it will be a buying frenzy and it won't be hard to offload :) Perth mint us mint poland mint British mint. All out of stock
Great video with excellent points. One of your best educational ones so far IMHO. I find that not many stackers (that I personally know) give much thought to an exit strategy. I will be sharing this vid with them. Cheers! 🍻
Should have almost mentioned which formats have the highest liquidity and value. My understanding is that 1 Oz gold and 1 kg silver have best value and are highly liquid to buy/sell
Thanks, who else can be a customer for silver? End users like solar panel manufacturers or chip makers? Who can I market my stack too when the time comes? Thanks again.
Michael, will a bullion dealer such as yourself buy 1g bar that is separated from a 50 1g Valcambi bar that is designed to be broken off? This is the exit strategy I want to understand.
Interesting how certain bullion dealers in your building will happily sell us products well in excess of spot and should it be time to sell back they offer you well below spot. Where's the win/win here. Why is your posting from yesterday private mate ?
Not supposed to be win/win, they're a business. having said that, the only way it's win/win is if you buy then hold it long enough that the price rises so that the price you're selling back for is more than the (spot + premium) you paid for in the first place. Why should they buy it back from you at the same price and not make a profit?
Packaging really doesnt matter unless it's got verification like the pamp Suisse QR codes. If you sell it to someone who can test it the price won't change packaging or not tbh
@@BullionNow That's alright someone from the channel answered the question in an earlier comment. I'd still be interested in a long form discussion though too. And learning more about what a bullion dealer does when they get an opened gold bar, do they sell it in store, back to the mint, etc? A potential video idea for you
Bars - sell somewhere down the track (5, 10, 20 years) if I want a bunch if $. Coins ... they're beautiful. I'll hold and only sell if someone wants to give me stupendous amounts of $$. Keeping for my kids and grandkids who I hope will manage the metal sensibly. And then, this could all change ...!!!
Wow, Michael does know his stuff, walk in a wheel barrel of real money, I exchange you with a wheel barrel of fiat currency,,,in this case I have no exit plan it stay for generation...if it only currency,,,hyper inflation loosing purchasing power overtime, history repeat itself time after time...
You are looking a bit orange sir. Try to get a blood test for liver function and bilirubin levels and an abdominal ultrasound. P.s. I been a Dr for the last 15yrs.
I want to know more about Michael. Such a fair dinkum, intelligent bloke.
Country boy. Thats probably all you need to know!
I have no exit strategy - plan is to keep all metals in my possession & family permanently 😎. Metals are
then whats the point?
@@benwilliams3539 point is it’s a collectible. I don’t treat it as an investment. If it goes up in value, fine. If not, who cares. I have plenty of $ in the stock market, own a house, etc to build wealth in other ways. I don’t need to sell metals & coins as part of wealth building, so that means I won’t need to get rid of stuff that I don’t want to get rid of. I really enjoy collecting these things. Stocks aren’t enjoyable to collect. No attachment to those or internal conflicts selling them.
@@DrJack144 fair point.
@@DrJack144 im too broke for my mind to have even considered it as anything other than a way to make money QQ
@@benwilliams3539 u could just start small. That’s what I did. Say u really like the artwork on a certain year 1oz silver koala from Perth. Buy one for your permanent collection. Separately, you could buy some other stuff with the intention of getting it at a good price & reselling later. Doesn’t have to be all or nothing.
My exit strategy is a dual one, accumulate bars to sell to bullion dealers if in need of cash and collect coins that attract a good premium like Perth Mint and Royal Canadian Mint and sell coins to collectors
Sounds good.
You forgot to mention that bullion is emergency currency when financial systems collapse, and in a runaway price scenario small denominations are far more useful.
Thats certainly part of a well rounded exit plan diversification :)
if you want an exit strategy thats simple and easy then buy paper. No matter what, there's no point paying premium if your soul intent is to exit in the near term. If you want to take part in a 5yr bull run then buy physical. I have both. But like most investments time in the market beats timing the market.
HODL!
If you want to barter In the future very hard to cut up a 1000 oz bar
Diversification in size is a great idea.
Everyone is different, but for me personally, gold = long and silver = 50/50 long and speculation. I'm hoping to sell half of my silver coins in the future if the spot price increases dramatically. Fingers crossed! :-)
Our fingers crossed for you too!
I started with bar's and now have moved on to coins a healthy mix of both and plan to leave to grandkids ,excellent channel by the way very informative with sound advice well done 👍.
Michael you are the exit strategy I only bought bars because you said you don't care what people bring in only its weight. :)
@Blake Really didn't know about this. They just said no matter what brand or form they will pay spot. That's why I bought locally produced.
I'm sure when its $800 an ounce it will be a buying frenzy and it won't be hard to offload :)
Perth mint us mint poland mint British mint. All out of stock
@Blake not really.interested in coin collecting. But they are beautifull
20kgs per day of silver. But we do accept more it's just that the amount paid after that (spot price) is a little "negotiable" :)
We do pay spot for up to 10oz gold and 20kg silver per day. After that it becomes more "negotiable".
I don't know of any dealers that pay more than spot (particularly in Australia) for buybacks.
Great video with excellent points. One of your best educational ones so far IMHO. I find that not many stackers (that I personally know) give much thought to an exit strategy. I will be sharing this vid with them. Cheers! 🍻
Much appreciated!
Very informative, thanks
Glad it was helpful!
Good advice in the video. Simple but effective.
Glad you liked it!
💎 hands on my silver.
From our cold dead hands!
My exit plan is 400-1k silver and 10k+ gold and only selling a bit to buy another asset
As long as you have a plan
I would have an exit strategy but all my silver fell overboard in a boating accident.
Thats very unfortunate, sorry to hear that. Have been meaning to fix the hole in our boat... we'll get to it sometime.
Gee, I never heard that before. Oh yeah I have about a thousand times.
@@lovebutton7850 #1
Hello bullion now
Should have almost mentioned which formats have the highest liquidity and value.
My understanding is that 1 Oz gold and 1 kg silver have best value and are highly liquid to buy/sell
Yes this is true. We did cover that in another video.
Great video 👌💯
Thanks! 😃
Thanks, who else can be a customer for silver? End users like solar panel manufacturers or chip makers? Who can I market my stack too when the time comes? Thanks again.
Hi Michael
A video you just put up called: about that video is private! We can't see it.
Cheers Debra
Michael's video from the other day has been made private too. I'm very curious about the new video too. :)
@@vaeryn292 the video is working now, and he talks about that video. Cheers Debra
@@ResonantSun17 Thank you for letting me know! Appreciate it. :)
Check now
Thanks for posting 💪
No problem 👍
Michael, will a bullion dealer such as yourself buy 1g bar that is separated from a 50 1g Valcambi bar that is designed to be broken off? This is the exit strategy I want to understand.
I fit into all the catorgry"s LOL
Gold and silver Rule
Most people do :)
Interesting how certain bullion dealers in your building will happily sell us products well in excess of spot and should it be time to sell back they offer you well below spot. Where's the win/win here.
Why is your posting from yesterday private mate ?
Not supposed to be win/win, they're a business.
having said that, the only way it's win/win is if you buy then hold it long enough that the price rises so that the price you're selling back for is more than the (spot + premium) you paid for in the first place. Why should they buy it back from you at the same price and not make a profit?
I guess that's why we encourage people to shop around.
My exit plan is to stock up over.the next 30 years and then when.I'm retiring I'm selling out :-)
Keep an eye on the cycle between precious metals and other asset classes in the meantime.
Good idea to buy some bitcoin for your portfolio if ur In it for the long game. Its extremely Speculative but extremely profitable.
Damn I thought for sure this would be the video you talk about removing 1 oz gold bars from their assay packaging.
Packaging really doesnt matter unless it's got verification like the pamp Suisse QR codes. If you sell it to someone who can test it the price won't change packaging or not tbh
Blast - I'd forgotten I promised that one. Stay tuned. Again!! :)
@@BullionNow That's alright someone from the channel answered the question in an earlier comment. I'd still be interested in a long form discussion though too. And learning more about what a bullion dealer does when they get an opened gold bar, do they sell it in store, back to the mint, etc? A potential video idea for you
I like coins as a kid I was interested bars are cool
Mmmm yea no
I'm definitely a coin guy!
See most part of you guys are 🙂
Bars - sell somewhere down the track (5, 10, 20 years) if I want a bunch if $. Coins ... they're beautiful. I'll hold and only sell if someone wants to give me stupendous amounts of $$. Keeping for my kids and grandkids who I hope will manage the metal sensibly. And then, this could all change ...!!!
Generational wealth!
Im still hovering about, thinking of making my first purchase. eeek
Do it. Buy unallocated and wait for them to get buy backs in, more for your money.
Made my first gold purchase ever last week. Bought 1 oz. came yesterday.
Buy when you feel you're ready! But you'll never feel 100% ready. Thats the catch 22.
@@BullionNow That’s a great point. I definitely didn’t feel 100% ready.
Wow, Michael does know his stuff, walk in a wheel barrel of real money, I exchange you with a wheel barrel of fiat currency,,,in this case I have no exit plan it stay for generation...if it only currency,,,hyper inflation loosing purchasing power overtime, history repeat itself time after time...
Your grand kids will be happy :)
Yellen plan another 4 trillion for road and infustructure....bubble getting bigger..
There is no exit strategy with the kind of premium right now.
Premiums have certainly moved a lot
So if we don't get are silver or gold or in in a sertent amount of time do we have to pay for it.
Orders always have to be paid for upfront in full, if thats what you're asking.
@@BullionNow like if we pay like a month ago and it still hasn't arrived. Do we have to pay for it after 3 mouth's.
@@owenjones1463 Yes, once paid it's paid. We can't offer refunds based on wait time.
There's no exit plan.
As in, you'll always hold your metals no matter what?
@@BullionNow the exit plan is the financial collapse
You are looking a bit orange sir. Try to get a blood test for liver function and bilirubin levels and an abdominal ultrasound. P.s. I been a Dr for the last 15yrs.
Too much gold in my diet :)