What I Learned Buying Gold Coins For 10 Years
Вставка
- Опубліковано 2 лис 2020
- This video covers all the advice on buying gold I've picked up from more than a decade of stacking gold coins. In it, I'll drop some numbers to show how gold value adds up through scheduled, consistent purchases and drop some accounts of selling gold and how those experiences have changed my strategy.
NOTE: I am not a financial planner. I'm just a guy on the internet, talking about precious metals. Always do your own research before buying gold or silver.
🔔 SUBSCRIBE: ua-cam.com/users/2is1gold?sub_con...
🤩 More info on gold coins: • 24k Gold or 22k Gold, ...
🔑 Top tips for newcomers: • Prices Go Up, Prices G...
The best time to buy gold and silver was 10 years ago but the second best time is now.
🌳
Good video. Appreciate the analysis. I typically buy high, sell low, have a stiff drink. Repeat.
Sounds familiar. 😁
Felt that to the core of my soul
Dude you are crazy. Gold is a long very long term investment.
@@sannypatel2026 everyone treats their investments differently. Much like some people flip houses, perhaps Carl flips precious metals.
As we all know too well the panic of buy now buy high- and then the panic of get out now sell low 😂😭
@@whoops8412 right, thanks for sharing 😂 😂 😂
I started buying gold in 1986 at the beginning of the AGE run as a teenager, and never stopped buying. Simply put, I always loved the enduring characteristics of gold. Silver, too. Averaged buying price over these many years is a little over $600 per oz just buying on the dips, but never chose to sell. Trying to time metals prices on when to sell is tough challenge that I decided not to attempt for no real reason, I suppose. Keep stackin’!
That’s fantastic. I wish I had an average cost of $500!
Hellow I have old golden 1820 British coin I'm interested
sell this
@@2is1gold...Hello, I'm a new gold purchaser and had a question.
I checked some online prices and can see that new 2024 Maples appear to be approximately $90.00 cheaper for purchase than the Buffaloes, the Maples I thought were just as attractive and desirable and maybe even more so. Can you please explain why there is such a variable in price between the two, I'd much appreciate it...thank you...?
🔥Think a focus on only a few coins sounds boring? Help me choose a flyer: ua-cam.com/video/wHPM-qWyEyo/v-deo.html
I’ve listen to this video at least 10 times. By far the most informative one to help with new stacking goals
Thanks for the note. I better go back and check it out again! 😄
Thankyou for making these videos. You sharing your experience and mistakes are saving people thousands.
I appreciate you watching!
Always grateful for insights from those more experienced. Thanks
Thanks for watching!
So true about taking a break buying bullion so I incorporated my numismatics purchases so I won't get bored. Congratulations by the way about your stats!!Keep it up!
Good plan. Keeps it interesting. Thanks!
The number one reason you are a gold man is because of your experience. Probably the reason why your channel is one of my favorites is because I know you are telling the truth. I've been there and done that too. I can definitely agree with your knowledge.
I appreciate that a lot, Cowboy!
Thanks for sharing your advice and experience!
Thanks for watching!
Just watched 2 of your videos..
great content! Subscribed!
Greetings from Germany
Thank you!
Great video! I just started stacking Precious Metals in August and this video helps a lot! Hope you had a great Thanksgiving! :)
Thank you!
Been stacking for almost a decade but only got into buying gold in 2014. But been regularly purchasing silver since 2011. Was slow and steady in stacking not because I wanted to, but because I did not have much to purchase with. Thanks for sharing your experience. Good vid.
Thanks! From a price perspective, 2014 was a great time to jump on gold. And if you were buying silver in 2011, you know what I'm talking about. That run up to $50 was crazy!
@@2is1gold Worst time for me to start stacking silver, actually. But things have turned out alright so far. Things will only get better for us stackers, I expect. Cheers.
Love your story i found myself in part of your story for me ive been buying and selling over the years
and i found out when you have it to sell that is the point that was the purpose of saving it to use it when you need it life is short my friend i just thank GOD i have the money to continue to buy regardless of the price so to all that can purchase a piece at a time do it it will payoff in the long run some precious metal is better then no precious metal any day keep stacking im (sub) ty
It's a fantastic emergency reserve! Thanks for watching!
New to buying Sliver and Gold. Your videos have helped educate me alot, thanks, just bought my first Silver Eagle.
That’s great. Thanks for watching!
Am a local dealer for Gold dust from Sierra Leone feel free to contact me on advice of buying GOLD
Great job, very much appreciate the info
Thanks for watching!
This was another great video I believe in being consistent a lot lol hard to start easy to achieve if the mindset is on track.. thanks amazing video !
Thanks, Juice! Definitely easier once you get rolling!
Very beautiful breakdown. Great video my friend.
Thanks, Monte!
Definitely appreciate and second your advice on sticking with Eagles and Buffaloes. Good to have coin that will always be wanted by buyers
Absolutely. I'm picking up a few other coins this year, but that will always be my base. Thanks!
I’m very happy to see this video, Thanks
Great advice as always!
Thanks!
"Patience is a virtue". 👍🏻
I shall continue to stack gold.
Well presented!!!!! Thank you!
Thanks for watching!
Thank you for your lessons learned!
Thanks for watching!
Good to hear your experiences.
Thanks for watching!
Great video. We started stacking good at a similar time. I started stacking gold in 2011. Stupid time to start. Would love to see your full gold stack if you would ever consider doing a video of your gold stack.
It was definitely a bad time to start, but it makes for good perspective! Still warming up on the full stack idea! 😂
Best video of yours. Subscribed. 👍🏼
Thank you!
I ponder these scenarios ALL THE TIME.
Thanks for watching!
New to the sport thanks for the wisdom!
Welcome!
New sub. Thanks for the gold video.
Fantastic. Thanks!
Good advice, subscribed.
Thank you!
Great vid. Ups and downs, highs and lows. I too have purchased in both markets. I've always been in for the long haul, kind of a buy it and forget it, stash it in the safe. I worked a commission job for years and while those checks varied. No matter what I would make at least one purchase a month. I started out with tenths, some months I could only grab a gram or two. Other months it was quarters or even a full ounce. Sure, ive flipped a few here and there. But, it all adds up in the end. Opening that safe and pulling out all the things I had purchased and kinda forgot about, wow. The question is, do you sell a few things and take those gains. Or do you continue to hold. It's a good time to clean up the stack a little, sell off some items that maybe dont fit your current direction or maybe have higher premiums. Know when to hold em and when to fold em. ✌
Good to hear your perspective. And, yeah, if the gold I had wasn’t so uniform right now, I would definitely be cleaning it up - taking some profits right now and coming back in on the next correction. Cheers!
Someone years ago once posted a picture of a sling shot being pulled back with the wording "Not seeing double digit interest rates yet? Keep holding (gold)". It was some such wording and it made all the sense in the world to me.
The time to sell gold is when interest rates hit double digits.
Even so, I would think it would be foolish to sell everything off at once for fiat..
Nice video and great looking metals
Consistency is truly the key.
It's like putting into ones 401K at work over the long haul is where the benefits are reached.
For sure!
You are one of the most rational PM investors on UA-cam. Great commentary as always.
Thank you LB! I appreciate that!
I sprinted from December 2019 to April 2020. I purchased 500 ounces in that time frame. The good thing is they were not as expensive as they are now. I’m still pretty new to stacking. Before that I was putting all my money into sports memorabilia so my daughter would have something to sell when I was gone. I wised up to silver and gold and stopped buying the memorabilia in December and started with silver & gold. I have not bought any since April though. Awesome video!
I have a bit of sports memorabilia too. Thanks!
Cool! I was thinking about making a video with all of my Washington Capitals Hockey stuff. So many autographed pucks, sticks, pics, cards. It was an addiction for a while. I also had season tickets for many years.
I am guessing, that someone who owns 50 to 100oz has a gross income of 100k USD/year and someone, who owns 400oz, has 300k/year. Would you pls ost a comment, if I am in the right ballpark?
I myself am unemployed. I got laid off last year after working a job for over 21 years. I was let down to say the least. So I’ve just been spending time with my daughter and letting the booger pass. Even when I was working I didn’t make 100k. I was around 70k. I actually traded in some other assets for cash to turn into silver & gold. It’s important to make your money make you money on top of what you do for a living. I had built up quite a nice IRA with an amazing financial advisor. She turned my money into much more and I took the profits and turned it into Metals.
@@CapitalCurrency Thank you for sharing. Spending time with your daughter is the best thing to do anyway. A company forgets you 1 week after you are out.
Great video 👍🏼 when people first discover gold/silver, a lot of them are so gung-ho and pour all of their fiat into it thinking it is the best vehicle to “invest”. These UA-cam videos don’t help either when stackers show their collection of 1oz gold coins *cough, cough* 🤣.
I have a quite similar story to yours. I started in 2011, at 17 years old. I was dumping all of my petty savings into metals. It dropped, and dropped, and dropped and I was eventually fed up, discouraged, and bored. I ended up completely stopping around 2014 and as a college student, sold everything because I needed the cash. Things are a bit different today, as I am 40% gold/silver, 40% long term stocks, and 20% cash. I’m in a much better place today and all of my cash isn’t tied up in metals. Not living paycheck to paycheck is great, and I hopefully don’t have to sell anything if an unexpected expense props up. You’re right though, gold is a good vehicle to store savings because some people just aren’t great at saving! If most of my money is in a bank account, I’ll start finding things to buy. Whether it’s guns, knives, tools, cars, video games, etc. In today’s world, people’s lives on social media can sometimes appear to be unrealistic, lavish, or perfect and we tend to try and emulate that in some ways.
Good perspective! And I can completely see how that would have worked out in college. I'm sure I would have done the same. On the show and tell pressure, I pull out coins I think I might reference in a video, and I always seem to start stacking them up when I'm talking. I should just limit myself to 3 or 4 coins to grab from! 😁
Excellent summation my friend !
You’ve bought more aggressively and more recently than I and the lessons you’ve learned are largely germane to any level of “stacker.” Great video
Thank you!
Just want to say thank you for sharing your insight I really appreciate it. I think 1/4 oz is a good doable goal for every month and I love the average you give at the end. That is great! Obviously I’m very knew so these videos r life for me thank you! I love your channel and videos. It’s very refreshing to listen and learn from a THINKING INDIVIDUAL I love the breakdown. Please keep these coming 😎
Thanks for watching, and thanks for support!
Great advice… I have a coin shop in my Village, and I made my first purchase…he’s got really great stuff….Thanks for your sage wisdom…no knife on the table ?
Such a great video dude. I'm a fractional gold stacker, the usual size is 1/4oz. If I can get one of those every six weeks for... well indefinitely, I'll be a happy man. Thank you for your video. Liked and subbed.
Thanks! I bought 1/4 oz for so many years. It accumulates quickly!
Is a 1/4 oz the same as a 1/10 oz ?don't understand none of this.
great video thanks
Thanks for watching!
I think people feel it in their bones that something awful is coming economically speaking. The amount of people buying gold and silver has skyrocketed along with the number of people paying off debts and stashing their cash under the mattress rather than having it in the bank.
There’s definitely a higher level of anxiety. For good reason. Take care!
Ditch all the cash, cash has zero value due to no backing and quantitative easing.
Agreed. This Ponzi scheme (western governments perpetually borrowing from the future) won’t continue. It’s like a leaning tree, it leans more and more each year. It could fall next month, it could fall in 20 years. But it will fall. It’s become common knowledge now. IMO. I’d love gold to drop so we can pick up a bit more, but I doubt it will drop for this reason. Gold does not really increase or decrease in price. Gold is the price. It’s really the relative devaluation of the dollar that creates the illusion of gold increasing in price. It takes more and more dollars to pay for one Troy. Classic deflation. It’s happening faster then we realize.
Very prescient analysis. Your instincts proved correct given the mystifying decline in gold over the past couple of months. Have you changed your opinion or are we looking at some further decline?
We could see it go further. Lots of signs right now pointing upward, though.
What beat is in your intro called??:) I like that sound! I make music and would love to do a song to that. You got a subscriber just for the beat.
Great video!! It’s all about timing and it’s okay to lose money in one investment to gain on another. I am probably going to sell my silver before selling my gold, although I have to say, selling 1 oz of gold nets soooo much cash and I’d have to sell so much weight in silver to get the same value 😝 I might try your strategy of picking up a 1/4 oz here and there rather than waiting for the 1 oz... wish my LCS had a more reasonable premium on those 1/4 oz...
Thanks! And, yeah, premium on quarters right now is a problem.
Better than having 175lbs of silver, though! 🤣
@@2is1gold lol! I know... It's really a weight/space issue, especially in an emergency or bug-out scenario!
I was buying silver in the run up to 2011. My last purchase was at $42.00 per ounce. I should have sold it at the peak. I bought some more over the last 9 years, $15.00 was the lowest. The worst thing to do is shoulda, coulda woulda. Just try to hold on and sell at a profit.
Slow and steady wins the race. I need to learn that principle. I’ll drop thousands, then nothing for months waiting for dips, etc. I’d be better of dollar cost averaging I think.
I do both, and I’m pretty sure my DCA is winning. I let fun cloud my vision! 😁
Good video!
Thanks!
This is an extremely important video.
Thanks, and thanks for watching!
Great video
Thanks!
In the uk, sovereigns are very desirable and very easy to sell.
Nice. Thanks 😊
Thanks for watching!
Wow this really inspire me to buy coin gold
Price is high now.
Let it drop a bit.
Then buy.
I alternate between physical gold and silver vs crypto currency. When gold is too high, I buy alt coins or bitcoin.
Good plan! I buy Bitcoin and Ethereum too. Wish I would have started that sooner!
I am really impressed by the $ many of you have . Even if i want to buy as much I must say that I am a bit depressed;)
It all adds up over time!
Yeah take your time. even 2 a year, is 20 troy in ten years. That’s 2/3 of a kilo!
Hello again, can you pleas tell me where you got that 1 oz maple leaf capsule. Thank you again from Montreal!
Yeah, I use these: amzn.to/3pYmLoO
Am a local dealer for Raw Gold dust from Sierra Leone feel free to contact me concerning advice in buying GOLD
Gold is actually a pretty bad hedge against inflation. A lot people wrongly assume that it would be a good hedge, but you can look at all the historical pricing data vs inflation... its hit or miss.
Now, gold is a pretty good hedge against low interest rates, and I think that’s where people get confused.
Yeah, it's not directly, inversely correlated to any one thing. If we wanted to get closer, we'd say it's a hedge against bond yields, which are tied to interest rates and inflation.
When stimulus checks turn to gold. Thats a good idea. Lol mine turned into brass and copper
What do you think of MENE 24k Jewelry? . . . I appreciate your advice and all your videos.
I don't know anything about that brand, sorry! I don't buy investment grade jewelry, though.
@@2is1gold Thank you
I have a fascination with the Canadian mint and their beautiful bars
I’m curious why did you chose coins over bars?
To anyone reading my comment why did you chose bars vs coins as the alternative?
Bars is costly so you start with small as an investment,feel free to contact me on advice of buying GOLD and investment in Gold
Where do you buy your gold coins from??
Great videos
Thanks! I buy locally or online from APMEX, JM Bullion or BullionExchanges typically. Cheers!
Great breakdown of the 30 ounces over 10 years. Very telling, and an excellent lesson for noobs. Also, those people that sold on the highs don’t technically exist. I’m quite certain they only used the proceeds to buy more. ;)
Thanks! Sellers are extremely rare! I think you’d have to be a serious investor or a retiree to want to sell!
lol i’m a noob i’m like 🤔 Interesting
Hats off to you sir
Thanks for watching!
So do you think gold Maples are as wise of a choice as gold eagles?
I have two questions.
1. I went on SD bullion website and an American Eagle for 2020 is $2023. A 2021American eagle is $1934, why the increased price difference for 2020?
2. If an American Eagle is $1934, and the price of gold is $1784, and the premium is about 7.8%, is that a good price at this current time?
Thank you in advance for your time and consideration.
2020 AGEs are just very scarce right now, that's why they cost more. 7.8% isn't terrible. 6% is what you'd want. Cheers!
Gold was short in the industry due to the Covid-19 outbreak,even in Africa it affected mining communities in my province. But it's the best investment at this particular time,because the production is very high now.
Thanks for sharing your experience, it's worth gold...
I appreciate that - thanks! ✊
Underperforming assets is way better then FIAT you don't have.
Underperformance of metals is due to market manipulation. It will correct soon and skyrocket when it does.
This is my "2 is 1" weekend where I'm binge-watching all of your stuff while my wife keeps calling me upstairs to watch HGTV with her...("Yeah--I'll be up in a minute!") : )
Want to employ your idea of taking some of my old silver eagles from the past ten years and cash them in to buy some fractional gold to get started. Some of my silver is mildly tarnished at the edges from age (Coins going back to 2006 when my first son was born). Do you recommend that I polish them with something ahead of trying to sell them---or, just leave them as is? Thanks, in advance...
I’d leave them as is. Most of mine had minor toning as well, and they were fine. Polish can cause more harm than good. Thanks for watching, and good luck!
Quality channel. Subbed
Thanks!
@@2is1gold did you attempt the V75 coin from US mint today?
@@gosnellktn I didn't. I looked but just couldn't get excited about a privy mark.
@@2is1gold in theory it was a money making quick flip. like a lottery. 1945 coins. i tried, but site was so messed up i couldn't get one. hopefully somebody in the youtube community got one and makes a profit.
@@gosnellktn yeah. I hope so too so we can see what the person _actually_ gets in a flip. There's a lot of questionable advice on this one.
My favorite gold is pre 33 American and modern eagles but pre 33. especially gold from the 1800s the history of say a 1885 $10 gold eagle is just so freaking cool it could have been circulating in the wild west Wyatt Earp could have been paid that gold coin for being deputy marshal of dodge city or billy the kid could have used it when he was hiding out!! I know not likely but still so cool!!
I agree. Anytime I'm holding coins from the 1800s I always wonder who from the past held it in their hands as well. Circulated coinage we also don't have to worry about handling without gloves
I am more of a collector than anything else. I like having rare coins and pre 33 gold more than modern bullion.
I can see the allure, but I've never ventured into the collector arena.
At least your stacking seems to have worked out well. Most people haven’t even thought about it.
Did you see the Charlie Brown gold coins
Those $20 liberty head gold coins are just gorgeous.
@@jplifts3008 yeah, I'm surprised it's not more mainstream. Particularly silver given the price.
Years are long
But decades are short
This year is particularly long! 😁
How much is the premium your coin shop charges for 1oz and 1/4oz eagles?
Prior to February 2020, it was 3-4% for 1oz, 7-8% for 1/4oz. That's out the window this year. I'm seeing 15% on quarters right now! 👎
Hi I'm in Africa, how can I buy some
A year ago I watched a few of these videos and went out and bought 60 k worth of gold and silver. Put it the safe and forgot about it. And that’s my plan going forward. I guess I went about it ass backwards but it took a lot less thought and time.
Lot less work to do it that way! 😁
I started much later than you so I guess I missed some golden opportunities back then lol... thx for sharing!
Well, at least you can say you weren't buying in 2011! 😁
It's never too late to buy gold. You can buy half ounces of gold or fractional gold then buy 1 oz when you have enough.
@@robertm8380 true! Never too late... I am 1 oz guy- too cheap on high premium for fractional gold lol
@@2is1gold lol yes indeed
why is it that you don't have your coins graded or is that not needed? and when would it make sense to do so?
I never grade coins. The only reason to do so is if you plan to flip them.
“If you save cash you’re an idiot”- robert kiyosaki
Question: is there a difference in the alloy (purely) between American Eagle and Buffaloes ...? Bravo for your hard work .
Yeah, Eagles are 22k and Buffalos are 24k. I give some of the differences in this video: ua-cam.com/video/6000btaaiQg/v-deo.html
@@2is1gold so... why buying eagles ? Will watch the videos . Also from what you say : if you had bought « good » gold, you would have made more profit out of it and also buy gold isn’t a growth investment but only a protection système, forcing one to save money .
@@ikust007 eagles came out in 1986. The buffalo came out in 2006. Meaning for 20 years people here in America had no other choice when buying US mint products. Also eagles have different sizes and the buffalo does not.
@@maritimezhang thank you very much :)
Only if I hit megamillions or powerball lol . It just seems to preserve or grow your money long term gold be a good way to go .. Yeah some cons potential pitfalls even then
How much did you get under spot for Rooster? I just bought one I'm curious.
95% at the time. My LCS is giving 94% of spot today.
@@2is1gold Thanks at least I know roughly what to expect if I sell. Appreciate it.
I think we all have to make some of those mistakes early on. We have a tendency to not take advice of others who have already made them. Kind of like listening to our parents. Those mistakes sink in and guide us in future decisions.
Yeah, experiencing something firsthand is always going to sink in deeper. I would have taken some gold buying advice early on, though. It just wasn’t out there 12 years ago, and the LCS owner was a grump. 😆
I have definitely thought about my strategy and adjusted some by watching your channel. Some of your suggestions have fit in line with my goals. More focused on larger fractional AGE to eventually get some 1 oz AGE and Buffalo’s and staying away from things that may not sell in case I have to sell. Thanks and keep the videos coming.
Thanks for watching. I have something to show later this week (I hope) that I wouldn’t normally recommend, much less buy. So much for taking advice!
i believe that gold will hit 20,000 before i die.
So i buy gold at any price.
To be clear, I do not believe the value of gold changes. But rather the dollar.
The foundation of the dollar is fractional reserve banking (FRB). If you transpose the business model of FRB, onto a business, would anybody invest in it? Or would they short the stock?
I have done good in gold and silver always buy low so when it was around $15 for silver you should have been buying a 100 ounces at a time also buying ammo when it was cheap plus firearms all doing good so buy low sell high.
👍
Did you ever collect vintage gold Mexican pesos?
I haven’t.
my first year of collect gold coins is about almost 11 coins 2022
One of the things I like about PM is that they are an asset that the government and others know nothing about.
Plausibly. 👍🏼
The government and central banks stockpile it and inevitably will one day force you to resign yours.
@@antonv3150 nah. I lost mine in a boating accident.
How can I buy this
I just bought 2 oz of the gold Charlie Brown coin and 51 of the silver coins. The gold coins sold out withing 2 hours only 70 made.
Great buy 👍
Flipping them?
@@2is1gold eventually I'm going to flip them
@@SilverLife-oi4ng tell me more. I have never heard of the Charlie Brown coins. Interested for more info.
@@tho464 you can probably see them at apmex some are already being sold on eBay
Patience is a virtue........BUT I DON'T HAVE THE TIME!
I know the feeling! 😁
I've nver been a fan of the American eagles I've always preferred the buffalo. I don't own any as I've been sticking to my local coins Sovereign and Britannias . I'm Sure I'll buy a buffalo one day .no you don't sell at a dip , I'm stacking for my retirement intend to sell a 1/4 Oz each month to suplement the pension
Thou shalt not sell on a dip...unless something better comes up. 😁
As a noob I'd like to ask if u interest in gold investing why not just buy gold bars or something like that instead of coins? What kind of advantage modern coins do give? What's your opinion of old American gold coins? I found out that you don't like European coins that much.
At the 1oz size, here in the United States, coins are just more liquid than bars if I needed to sell. I also don't like assays. At some point, in a larger purchase I would be more interested in bars (like if I wanted to get a hold of 100oz or more). Pre-33 gold coins popular, but I just don't like them personally - that's just a personal preference - I really don't like slabs, though, and that might be part of it. I do like old European coins - my local coin shops just don't like them if I ever wanted to sell locally. Thanks!
@@2is1gold I have noticed as remote European that there is so few advantages for me what to look for as physical investment. On the other hand if European or Russian coins would start to get more popular in some point that would be probably way to go for me since I have access those pretty easily. So far I have bought only American coins from local markets (few only) since I believe they can be used better in international trade and everything else is more or less niche. Not going to touch local coins but those Germans and Russians might be something to look into (?).
@@Possu81 I don't know Russian or German coins well, but Austrian Philharmonics are popular everywhere.
My centenarios are awesome and beautiful!!!
Why not bars? I like bars because they are cheaper and you can make jewelry out of of the ounces and wear it if you want.
My guy!!!! You did it smarter than me though. Lol.
Stubborn consistency! 😁
@@2is1gold looking at a nice cabinet refinish/ kitchen paint job tomorrow. If I land it. GOLD here I come. Lol.
@@miked6097 good luck!
@@2is1gold I thank you for that, kindly.
Can you use the gold coins on your videos to purchase, such as clothes or a car.
What I've learnt is don't stop ,started when gold was £30 quid a sovereign and 1oz was just under 120 around 180 dollers ,will stop and sell up 2023, no matter what the price is ,oh and I bought silver at 1 doller a Oz in the 70 s 🤔
I would like to buy the buffalo coins again...never lose the money when we buy gold...the smart way to investment.
👍🏼
Of course when you compare gold to stocks, stocks returned far more over the decade. But stocks is about wealth creation. Gold is about wealth preservation and is insurance.
Agreed!