Does Size Matter? - How To Invest In Gold
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- Опубліковано 28 сер 2024
- In this episode of our "How To Invest In Gold" series, Michael discusses the various sizes of gold that you can invest in and the pros and cons of both. This video is perfect for beginners. Questions? Visit www.bullionnow... to find our contact details, we'd be more than happy to help you.
Throughout our How To Invest In Gold series, will be answering the most frequently asked questions on how to invest in gold and silver, plus the other precious metals too.
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In this episode of our "How To Invest In Gold" series, Michael discusses the various sizes of gold that you can invest in and the pros and cons of both. This video is perfect for beginners. Questions? Visit www.bullionnow.com.au to find our contact details, we'd be more than happy to help you.
Well actually that's not true you can definitely cut one ounce of gold off of your bar and you would sell it for spot price I mean why would you tell people that have to bring the whole thing in itself back again and lose money that makes no sense. An ounce of scrap gold is worth an ounce of scrap gold gold is gold and sure there's a premium we're not talking about premiums we're talking about cutting a chunk of gold off the gold if gold is going for $1,800 an ounce in the premium for a coin might be $1,900 you can definitely cut a chunk of gold 1 oz off of your brick and go get 1800 bucks for it spot price
They’re all lucky to have you 👍
I've been giving my grandkids 1 ounce of silver and a gram of gold for birthdays and Christmas for years.
Probably the best gift you can give someone. You’ve been doing great!
Lucky kids
adopt me
Grandpa? It's me...
Pretty sure they ended up at the bottom of the lake
Currently, the 1oz goes for $2029 and the 10g goes for $2036/oz.
as I told my parents, if gold does go to $50000 then it would be hard enough to find someone with $16,077 to buy your 10g bar;
you might even want a 2g bar for every three 10g bars you buy, just to have some added liquidity.
My Grandfather used to give us this precious gift in other form Bond on birthday...he just needed one signature of us on our birthdays...very visionoary person he was! We Indians usually exchange silver-gold on all occasions rather than cheap material items but time has changed a lot now!!!
I buy 1 gram gold bars every chance I get. Easier to barter rather than melting a piece off a big bar. Also I have bills and stuff, so I get what I can afford and stack it.
Same here, as he said, it is better to have some gold than none at all!!! good call!
I would say it also depends on your exit strategy. If you're selling back to a dealer I would agree, buying as close to spot is the best option. But I have bought and sold a fair few 1g gold bars, and I've always got my premium back, and often more than if I'd bought an ounce rather than 31 separate grams. Lots of people are happy to buy £50 of gold, there are fewer customers with £1400 spare in the circles I move in
Exit Strategy? Whats that?
@@MannElite When you want to sell up. Several £50 customers are easier to find than fewer £1000+ customers.
I’ve been buying a few grams of gold an assay cards I don’t know on the screen they look like the size of a dime and you get them to the size of it quarter of a dime is a little disheartening but it is what it is
This video is fantastic. This is what I have been doing with my purchases. Great to hear some reassurance im doing it the right way.
Glad it was helpful!
@@BullionNow ,, Osmium '' Rarest precious metal on Earth
Gold Rings is the key! I’ve heard many stories with people in Venezuela and Argentina say rings saved their lives. One said if you go to exchange a 1 oz bar you will be targeted but trading gold rings for instant cash was the norm and that makes a lot of sense to me I’ll make some of my bars to 24k gold rings
On that note, silver. If you know what I mean.
@Blake stalked robbed killed .. word reaches out if you go to a pawn shop with that amount of gold but trading rings is a regular so if you can have some 22 or 24k rings as a savings will be great cause going in with 1 oz bars can cause an alarm
@Blake you need to research Venezuela and Argentina the first thing Murduro did when he came into power was ban ownership of legal guns so only the criminals had guns also even the gold dealers aren't to be trusted these situations are very extreme and desperate even tho you might have a gun there are gangs that will be happy to murder you for a oz of gold i mean they killed a family for a fruit Tree in their own yard in Venezuela this is real life.
@Blake LOL they wont care until its to late but hey that is what they want more power
@Blake yes lmao every conversation about socialism has venezuela brought up at some point
In a year since this vid was posted, 1g already sells over $100 AUD premium included
It's just going up....
2:25 that's exactly why you want to buy the bigger bars. You find other ways around those problems rather than sell at first impulse. And if you do need to sell you can always buy smaller bars back and/or consider buying a different metal that is now at a more favorable ratio.
so hes saying , small pieces of gold is worth more ? or not ?
hes said its better to buy bigger, but why he mention cutting a small piece off,
why is it worth more ? please explain to me
The people who say size doesn't matter are generally people with a short stack ; )
As far as this video goes, this is very good to share as an explanation to newcomers to the field as its always nice to see a visual comparison of what you are referring to. As for that 1kg Gold bar, I can still feel it in my hand! 😃Thanks for sharing ^^
Soo relevant now more than ever in 2022
Happy new year fellas.
One thing I love about your Chanel, audio is load and clear.
I like to buy in 1 oz batches - makes it easier to work out total value of my holdings by calculating x oz X spot price
But you can easily look up the value for any weight 🤷♂️
@@Sean_03_636 77 x 1oz coins is a tad easier that 1/10 and 1/20 and blah blah blah to figure out
It's cheaper to buy two 20 G bars then an ounce
Are the 1-oz bars the better long term investment for maximum return/profit in the future at selling? This is what I’ve heard.
The 1oz size is what we call the "sweet spot". Its the favourite size to buy, so therefore its very liquid to sell.
Bullion Now: Would you prefer to buy the 50 x 1 Gram gold bars or say you buy the small gold coins like the 1/10 ounce coints? What do you prefer?
Bars
Bars as you pay less (get a little bit more buying power). Even though it's super marginal.
bars
that's funny because isn't the other way round with gold nuggets, higher premium for larger nuggets?
I will turn half of my cash into gold and silver, money is just too unstable
If you have a £50 note today it will be worth a £50 note tomorrow. You cannot say the same for gold.
If I buy 10 gram bars, Am I paying too much over spot?
Very helpful. Thank you
This is why you keep saying fractional Gold and Silver should be a part of your investment strategy.
Fractional silver is 90% United States currency, never buy silver combi, just buy 90% United States currency, That is your fractional. As for gold, buy the combi bars
what's the sweet spot for silver
Do you trust Scottsdale gold bars? Scottsdale teamed up with Argor Heraeus, I would like your opinion, thank you much!
the largest coin I have is 1/10 oz
Hello Sir, would you please make a video, which one is better to buy and easy to sell it again, cast bar or minted?
Thank you from Canada.
I'll take the big one on the right
SOLD!
But why cant u cut and and sell a slice of kilo bar? If u can melt it and weigh it what difference does it make how u get it? 😕
Does any state mints take in personal jewelry? In return for minted under the cut..?
Such brilliant advice!
Whats the coin with the hole it on the left. Cool!
what's the difference between the gold with blisters and the ones without it?
Yes... I want to know about that too.
With the kilo bar, couldn't you chop off a corner, and re-melt it, and sell it back to a dealer as a smaller bar? Dealers like you would be able to verify the weight and purity, so why would that not be resalable? Great video though!
As long it's melted down into a bullion bar of 99.9%+ and includes a hallmark and a stamp of weight and purity, which we can authenticate, then that should be ok.
Not trying to sound condescending (I understand that sometimes people lose their jobs) but if you need to sell your gold to afford to fix your car, maybe you should not be buying it in quantities that would require you to sell it. Financial priorities/order of operations first. Or maybe I should put it as your gold shouldn't be a designated emergency slosh fund.
Agreed but sometimes crap happens
Hi Michael I’m Warren , I have a small question to as I bought a 1991 The Australian nugget 1 kilo 999.9 gold coin, at spot price would I get for it . Also it has been graded with PCGS MS62.
whats the gram weight of eacg from top left to right only
What was that "polo" shaped thing?
It's a Tael. 37.5g. Popular in Asia.
I was listening and immediately looked over when you talked about 1000oz bar while talking about Gold! haha. Not a 1000oz *gold* bar there~ haha
Thank u from Malaysia 🙏👍
Our pleasure!
Wait so if I had a kilo gold bar and I broke off a corner no one would buy it? I mean even for the melt value?
A scrap dealer would buy it for melt value, which is going to be far under spot price.
Can 1oz credit suisse bars have different dimentions?
Have you seen a 400oz Gold Bar ?
I wanna buy silver but the 20% vat is annoying. Gold is vat free so it looks better.
Well said
Coins v Bars compassion video please 👍👍
Do you have locally produced 200 gram of gold
This is kind of a long video just to say "The bigger you buy the better price you'll get" ... sheeze
This made sense
If you cut $1,000 off a $50,000 gold bar you lose your investment???
Could I please rummage around your scrap pile of "ruined" gold bars? Please.
Great!😁
I dont understand why you lost your investment if you cut off the corner of your kilo bar. Wouldnt you just subtract the piece you take off from the investment, and weigh it again ?
You haven't lost your investment, but you have lost your "investment grade" bar. If it's not whole, it can't be bought back as such, so will be offered a less amount for your "lump of gold".
If I unbox my investment gold bar from the verification boxes , will the price decrease or not?
Not to a bullion dealer, as we only pay on metal content. But to a private citizen, it certainly might affect how much they would be willing to pay.
@@BullionNow so its the way that I suspect lets say the price of gram is 45£ and you will sell it to me for 46-47-48£ depending on what quantity I buy , and if I resale it immediately if the stock price is 45£ , you'd buy it off me for like 43-44£ thats correct right?
@@BullionNow do you work with BullionUK?
@@George-lw9nj We pay 100% of spot price, so in your example we would pay you 45 GBP.
@@George-lw9nj No we are not affiliated with any other bullion dealers.
Crazy how just the gold is probably more than all that silver put together.
Concentrated wealth!
@Blake Spot is $25,000 but the paper price has totally diverged from the retail price in the opposite way of gold and silver. You're paying way under spot because everyone knows it's a bubble and don't want to be holding the bag.
I have Fine Gold Bar 9999 100g. Maybe someone is buying here
If you have to sell part of your stash to go on vacation, then you can't afford gold.... OR A VACATION !
Everyone's circumstances are different so its hard to say.
agree....priorities are different...
Yeah mate. Like #400 lol. Great video
Thanks 👍
Yes 90 percent women said it does, hahaha....
Use a microphone please.
Sorry but the silver premium on small denominations is ridiculous. As in 20%+ ridiculous. Telling people to buy small amounts of silver is foolish when dealers will only buy them back at near spot. This is in Australia I’m talking about maybe Americans don’t get screwed over as much. At least if you buy kilobars or bigger the bid ask spread isn’t outrageous. Better still go and buy gold
It all depends on what exit strategies you have in place.
AND BRUNO
DON’T … it’s that simple . Prices are unstable and there’s too many crooks . Mine and purify your own gold
How
Good idea, I'll just go out to that open cut gold mine in my backyard and refine it.
@@benwilliams3539 lmao
Don't buy small gold, buy as big as you can. The smaller you go the more you get F'd by premiums
Abdul FATAHU
Different sizes for different demographic...
Very true
Show the actual bars rather than just talk
With Bullion Now, you get the best of both worlds :)
There's only one acceptable form, chest of gold coins, yarrr!
YAAAAAAARRRRRR!!!!
Google your friend???........you must be joking
Crickey
Streuth!
3kg of silver, any in gold 🤣
hi mike i met you in the lift at 227 5 yeas ago you could tall the bolg in pans that it whas not my pecker and asked what i was buying i seed gold you seed to buy the cheapest gold posabell and stop the lift at the rite flour for me to get the cheapest i have perchest gold of you over the internet from you but l am coming down fron the country in week and looking to do same dills
Hey, maybe you could spend some of your "Gold Fund" and learn to spell and type. Because that was simply atrocious. It took me a few to decipher WTF you were saying!
Please ask Hooked on Phonics for a refund. They failed you.
if you need access to your money to fix your car dont put it in gold
❤❤❤😂😂🎉🎉😢😢😮😮😅😅
Bitcoin
Gesundheit
@@BullionNow lmaoo 😂😂
🧐🍵
1 gram gold is not worth to buy!!!
Then why sellers are not throwing it away
As long as capitalism rules the globe..
Get to the point