I do stack it. Just as you said some of them are very beautiful coins. I do know the outcome if I had to dump and go at a LCS, but hopefully it never comes to that. Should you get rid of yours? Well that’s a question you can only answer for yourself. I would say no. You own it now and if you don’t need it to buy more why sell it? Great video Vert..
I have a couple 1/10 foreign gold coins but the only reason I have them is the design. If the US had better designs on their coins all around I would probably buy strictly US Gold
@@Paulybuck good points. It doesn't keep me up at night for sure. I am just pipe-dreaming that I might be able to trade straight across, ounce for ounce, for US gold. One can dream! Good to see you and thanks for commenting.
@@cyclonicsilver2773 Thanks for chiming in. I wish I only had a couple! I guess it's a good problem to have, all things considered. We'll see what opportunities arise in the future.
Great topic! I've been thinking the same thing about consolidating to US Mint bullion. I don't have much I feel I need to dump, but I'm going to be more careful going forward if nothing else. Pre-33 has gotten really expensive lately, unfortunately. I'd like to pick some more up, but the price stings! Also, nothing against the foreign mints, but I really want to reach through the monitor and flip those coins! 😂 The queen seems so over-represented. Cheers!
I originally had ALL queens on the desk and I figured it would trigger some feelings, ha ha. I'm looking into a couple of pre-33 coins now and the premiums, even is rough shape, are not user friendly. Still, price has never stopped me from buying what I want. A fool and his money, right? Thanks for stopping in.
Here in Australia, the word "foreign" obviously has a different meaning. However, the bullion shops that I deal with simply pay you for the gold content and don't give two hoots whether the coin is from Australia, South Africa, US, UK or the moon. The approach here is - gold is gold.
AGEs, Gold Maples, Pre-33. That’s my gold STACK (I like some collector gold but that ain’t “stacking” to me). Even my pre-33 gold should be rather crappy to keep it close to spot.
Yeah I hear you. Most of my pre-33 are raw coins "off the shelf" and while I'd like to keep it that way, there are a couple that I'd like to get that are hard to find in crappy condition, so I might get stuck paying the price for, ahem, want vs. need.
@@VerticalStacker I picked up a few liberties yesterday at Tim’s (video tomorrow) and they were a little better condition than I wanted. I like heavily circulated ones but they are getting harder to find.
Just spitballing here to hopefully help: 1. Divide coins into to 2 groups A. Coins that you like the most in you international stack B. Coins you like the least in the stack. 2. Starting with the coins you like the least: Color those up at the LCS to what you want the most. Take self inventory throughout the process and see if you want to proceed until you have them all converted.
Wha wha what!!!! Just under 100 oz. of foreign gold? Wow! I salute you sir. That is actually my goal now - to stack 100 oz. of gold! I’m hoping I’ll hit it by the end of 2024. Great video brotha.
You'll get it! Glad to see you have set a goal. That's half the battle, right? There is a great feeling of freedom when you hit that 100 oz mark. Even should you decide to "cash" it in later for expenses, an ounce a month, say $2,000 by the time we retire, can really change your retirement lifestyle! and that would last 100 months, which is what, 8 years? Not bad! Better than social security lol.
I have only ever stacked U.S. gold and silver, with a few exceptions in some silver series that I have collected or been gifted over the years. Just always made sense to me. If it were my stack I would definitely trade/sell/barter away the foreign stuff and convert the proceeds to U.S. gold. Luckily I completed the full set of pre-33 gold a few years ago when nobody seemed to want it, and you could find it at sometimes below spot. Trends definitely come through with precious metals as far as what everyone is currently looking to buy and I believe the pre-33 prices are reflecting that at this point in time.
That is so true about the trends - thank you for saying that. Now that I'm considering pre-33 gold again and I see the prices - wow! Just saw a raw 1932 Indian $10 for $1,500. That's less than a half ounce of gold! But I'll probably buy it anyway lol! Good to see you as always and thank you for your cogent commentary.
So if you buy an AGE for $1910, and you buy a maple for $1890, and you get $20 less when selling back the maple, does it really matter? I don't think so
@@VerticalStacker but the difference is $0 , you buy for cheaper and sell for cheaper with the same margin. That's what you need to calculate. I do agree though that your sovereign bullion is going to be easier to move when the time comes to sell. But I also think that you're over thinking the disadvantages of foreign bullion.
I completely get it. When I first started stacking gold, I was more foreign heavy, but over the past few years I have been staying strictly with Buffalos and AGE's and fractional AGE's, occasional Maple sometimes. I know it is a pain in the ass, but if you can, sell it/trade it privately. I also agree the foreign gold designs are much better looking.
Beautiful gold coins. I personally stack world gold cause I want to get a goin coin from every country/territory that makes them. Thank you so much for sharing your collection.
I see your point and if I lived in the states for sure would have more American gold. However the collector in me loves the variety of coins and being Canadian I pay taxes on gold not 24k. So for me maples makes more sense. For you, yeah I would be less heavy on foreign gold but keep some. Just my 2 cents.
I'm at the very same point in my gold stack. About half of my stack is foreign. Primarily accumulated when I first started stacking gold. For me I have contemplated converting to eagles or Buffalo's, however decided to just hold them. Taking a loss now to convert or a loss in the future if and when I sell seems like a wash. I'm banking on future spot to be much higher than what I paid for my foreign gold. However moving forward I have been bitting the bullet on the higher premiums and going with US gold. Great video my friend. Definitely food for thought. Happy new year to you and the family! 🤙
Thanks Rat Stack! I think a lot of us are going to doing similar things. I might still hold until gold hits $2000 or close to it and then dump/trade it out. I'm positive that will happen at some point, so I just need to be patient, which is not my strong suit. Good to see you and have a great year as well!
My thinking is in line with yours, however it is tough the resist a good deal on foreign gold when the spread between the premiums on it and a Gold Eagle or Buffalo is just not justifiable. I would have to be very disciplined in only buying when the premiums fall on them.
Great discussion. I believe the LCSs prices vary by area, so your LCS may not be paying, but others will. I’d you want different gold coins, I’d say start selling them private party now, while you can take your time doing it. Then start buying US gold with the proceeds. I stack GB sovereigns and Mexican Pesos and US gold primarily. It’s true that most foreign gold will not command a premium, but that’s also why I bought some Austrian Coronas, a Panda, and a Helvicia in the past, to get gold in my hands for a lower premium. The goal with that being gold for stack - premiums aside. 🔥🦈🌊
True the LCS vary, even within a small area. Just yesterday I learned that one is selling silver for $3.50 over, while another is $5.00 over. That's quite a difference and the shops are within 5 miles of each other. I agree, the lower/no premium gold is hard to resist, particularly when the designs are so nice on some of them! Thanks a bunch for your comment!
Gold is gold. If you subscribe to SHTF scenario, having foreign gold is better than no gold at all. Never forget that gold’s main purpose is to preserve your wealth in the next 5-25+ years from now, whether you hold foreign or domestic gold. If you are buying gold as an investment to flip for profit, then you have chosen the wrong investment vehicle. There are better investment instruments (eg stocks, real estate, etc) that will make you a lot more money. If your LCS won’t give you a fair deal, find another LCS that will. Or alternatively sell your foreign bullion on The Silver Forum and members on that website will pay you a fair price. My 2 cents.
Great subject Vert! I have modern foreign gold bullion but as collectibles (I like them) and certainly not a major portion of my stack. I reserve that for Buffalos and Eagles. I don't have any old foreign gold besides a Dos Pesos, for all the reasons you listed. I'm surprised to hear about the Maples and I'm liking them more and more, especially the latest years. HAHAHA I'm happy to see you finally getting into Pre 33. Took you long enough. Good video man; wish you would post more!
Yeah I've had these pre-33s for a while, but for some reason I am being drawn to them again. Hard to ignore those thoughts! I think the main coins I want to dump are the Krugs and the Roos in the 1 oz, and all of the Roosters and other Sovereign types in the smaller coins. Maybe I'll keep one of each just, well, because. Thanks for commenting and always good to hear your thoughts.
The foreign designs are better, not going to lie. And idk, i think you'll be okay having foreign gold, just selling could be tougher that say eagles or buffalos. At the end of the day gold is gold. It'll all sell to the right person. Awesome collection my friend. 🧡🇺🇲🤠
The foreign gold market is wildly different between your area and mine. To maximize the profits in your area, you’re best option (in my humble opinion) would be to sell them peer to peer. Granted, it takes more time and effort, but i would rather take that option as opposed to throwing away money. It’s good to see you back brother!! Take care👊✌️
Agree 1000% peer to peer is the way to go. I proved that to myself with silver. I assume there is a similar market for peer to peer gold sales. Thanks again! And good to see you as well!
I decided on a graduated plan for my stack. I stay with US coins for 1/2 and 1oz coins. 1/4's I limit to AGE, Mapleleaf's and Krug's. Anything else I may decide to get is in 1/10th oz size. This lets me have a variety at a relatively minimal investment. So far it has worked well. Next phase is to incorporate some pre-33 because well...pre-33!
I made a deal with myself when I started stacking gold that I'm not going to start assembling a collection, and I would see gold as money and treat it accordingly, and I remained faithful to that.
@@VerticalStacker I basically went to the local bullion dealer and asked him what people most commonly buy and what's most liquid for him, and I stack only that.
Playing Rope a Dope🤣🤣🤣🤣. Awesome Video and the selection of the Gold you have there looks Great!! I have minimal gold and platinum but I have a lot of silver and have been kicking around the idea of trading in most of my silver this year to get more Gold…. Great to see you and see you soon!! On a side note maybe I should buy Gold to melt instead of silver 🤔🤔
Now i know why my lcs near gave me good prices on a oone ounce panda and a1/4 krug! I think is OK sinceramente i m not planning to sell But is great to know what you are teaching us here!
If all they'll give you is sub-spot price on foreign gold coins, then just wait until gold moves up over $2000/oz where you can sell them for more than you paid for them. Good topic!
I almost did just that when we briefly hit $2000 or close to it this last year. In hindsight, I wish I would have so I could have positioned myself to buy now. I did that with silver and it worked out very well.
The short answer me is I wouldn't swap it out I like all gold domestic and foreign. If you don't care for the foreign gold and have an affinity for American gold than sell and buy....bottom line is stack what you like. The only gold coin I dont care for is the Krug.
Stack what you like is great advice, as long as it isn't Krugs, haha! Also my least favorite of the 1 oz coins. I think perhaps Lethal Weapon had something to do with it... There's a reference for you!
I have a lot of Britannias and Kangaroos. I bought them because I like them better than than the domestic coins. They were also significantly less expensive than the Eagle or Buffalo. So when a 1 oz Eagle was selling for a 10% premium on Ebay and the Roo was 6.5% I think you will still be ahead if the LCS dings you for $20-50.
Yeah I have to go back and do some math on those, and you're probably right. Plus, it depends on the overall purchase price vs. sell price as well. My brain just doesn't sit well with spot being $1830 and someone paying less than that. Does not compute lol, but of course I get it.
I think it’s the same. You’re going to pay more for US so you get more when you sell. You pay less for foreign so you get less. I don’t feel like there is that much of a difference but I think it’s important to stack what you like. I don’t stack anything Chinese. I have 5 silver pandas but that’s it. I do like variety so I like your stack but the Buffalo is definitely my favorite.
A Y made a similar comment. I might be overthinking it given the ability to recoup at the time of sale. I always get caught up in the "under spot" offer from buyers.
No kidding? I wonder what they do with all the mercury waste? One shop got in big trouble here because the EPA traced the mercury from the sewer to his shop, lol. Whoopsie. Glad you like the world gold! If I can find the right deal I'll trade/sell, but I won't accept huge losses. At least I have variety!
@@VerticalStacker Good question! My assumption is that it is regulated as part of the mining industry in this state, as both refiners are here to serve the local miners. But I’ve never specifically asked and you know what they say about assuming…lol.
I really love this video and want to say you have some awesome looking pieces! I have the same problem as you do. I only own foreign gold even though I’m American haha! All my pieces are Canadian, Australian, or from the U.K. I didn’t ever intend to only have foreign gold. Each purchase made sense at the time, either they were at a low premium over spot, and or I really loved the design. But now i have a stack that would lose me a lot of money if I had to sell to one of my LCS’s. It’s a good thing I don’t have to sell, and hopefully will never have to sell. But from now on I am only buying AGE’s or buffaloes. Well… unless you’re looking to sell that 1/10th krugerrand for a good price! 😆
I also have foreign and American vehicles, so I'm a total mess! I was surprised to see how much world gold I had accumulated. Almost 100 ounces. That's nuts. But, you're right, I bought it at good prices, and when I look at the receipts of some of the things I bought, roosters for example, I see that even selling them for a little below melt I would do pretty good. It's all about the buy price! The Krug? I'll keep you in mind since I know you have a weak spot for world gold lol.
Vertical Stacker I think LCS know stackers are suckers for deals haha, that’s how we end up so much random but awesome stuff. Thanks for keeping me in mind for the krug!
Great topic. Exit/trade strategy is important and it seems YOUR area plays a big part. I don’t think I’d ever want or need to sell gold under spot. I look for low premium stuff and spot is always the safety net. If your bullion becomes popular, that’s a bonus. I would be hesitant on a lot of foreign gold. Austrian, French, British seem gtg but may move slow. I don’t consider Canadian Maples foreign being close to the boarder, but other coins..meh. Mexican gold seems to be climbing in premium and desirable. Pre-33 at decent premiums are a good chose for variety. Although interesting, the odd shapes and unreadable writing, and targeted counterfeiting would make me hesitant to buy- What’s, the gold content? What’s a fake vs real look like? Need a sigma to authenticate, Naw, I’ll pass. Might consider trading out some of the foreign, but you stack is very solid, so wouldn’t make it a priority. Just focus on more liquid stuff going forward.
Great thoughts and I appreciate your well thought out comments. I suppose the fall back - gold is gold, but in a pinch, you still might need to liquidate. So yeah, I’d like to have that process be as easy as possible for the greatest return, so-to-speak.
Friend I’m almost in the same boat as you I’ve had the same concerns. As far as getting the foreign gold close to spot then your head is above water today. My advice is to keep all the Perth,Royal and Canadian mint coins and only consider liquidation of the lesser known ones. A private party sale is your best bet to break even. I seriously doubt you could trade any for eagles unless you were willing to take a substantial loss. Take those roosters and sale them to private citizens and use the cash to buy eagles
Craig I appreciate the comment very much. I love the Perth Mint. Some of the Canadian bullion milk spots badly, but it's still an ounce of silver. That's good advice on the Roosters. I can probably to well with them in online groups as well.
Yes! Peer to peer is by far the best way to sell once you have some verifies buyers. I've been on a lot of online forums and some reputable people on there, as well as some not-so-reputable ones. Homework and research is key! Do you stack anything other than 1/10?
@@VerticalStacker no, I do have a single coin that’s 1/5 oz and I would like to start getting 1/4 next, but that’s gonna take a while to get on that train. I like the 1/10 price point…I don’t like to have to actually save money for bigger pieces, I will get there one day but not anytime soon.
@@VerticalStacker yep! coin dealers are receptive, knowing that they are buying low in the first place and the extra cash allows them to sell the US gold coin at their desired price, so win-win for them
@@silvergoldsaver779 having only one type of gold is boring same as stacking gold bars! Not to mention investing in gold doesn't get you much profit overtime as stocks or crypto...so atleast you must have fun having physical assets!
I have more foreign gold than US. The higher premiums scare me off. Might get a little less when selling but eh 🤷🏻♂️ 6 one, half a dozen the other. End of the day I’m just proud I’ve managed to save and stack something. Great video ✊
That's a great comment. It IS all about saving, and most of us are really bad at it. Glad to see you've got it figured out and buying what makes sense for you. Thanks Desert Bob!
I have a 1 oz RCM bar & 99999 coin and a Buffalo. The rest are fractional Eagles and Britannias, more Eagles but the Britannias are catching up. I’m buying the Britannias more now specifically because of the premiums. There is considerable difference from the Eagles at least to my eye. There are a lot of foreign gold I have no real interest in and I’ll continue to stack US, need more Buffalos. The premiums for US is just a killer. Liquidity is big though. I started PM’s mid last year and the first videos I watched were yours, thanks for the great content. Is it just me or isn’t it funny you want to get rid of a lot of foreign gold but one of your top 5 coins for 2022 is from the Perth mint? I saw that video before this one.
You got me! Yeah that fact isn’t lost on me that one of my top 5 is from Australia. I’ve wanted it for so long I had to make an exception! Plus, I am still not 100% that I will dump all of my world gold. But it will be the first to go when gold hits $2000 again. But that double dragon? Nope. You are spot on with your liquidity analysis, and assuming gold rises those premiums should be captured back, at least in part. Gosh I’m flattered to know you watched some of my videos first. Glad you are still around and stacking yourself! Can’t go wrong with US gold! You have a great variety though. Keep at it. Thank you!
The Mint in my Country doesn't do Gold coins, so to me they're ALL foreign coins! I go by personal preference and popularity when I decide which coin to buy, so I usually choose Buffaloes or Maple Leaves
Been stacking for a little over a year. At first I heard a lot of people saying gold is gold and silver is silver so just buy the lowest premium you can. I had been stacking for a few months before I heard someone talking about selling coins and how some coins are easier to sell than others. I would like to trade out of my foreign gold but I want to wait for the price to go up enough that I’m not losing money to do it. Also there are only to LCS in my area and they are both very small and don’t offer much. I have purchased most of my stack from the big online dealers and some Instagram dealers.
I hear you. Selling or trading out at a loss is no fun at all. I think it’s just a matter of time and we’ll see some good gains. Maybe I’ll wait, but I’m an impatient one!
Great video and its exactly what I have been doing the last year. I found it can be work getting a fair price for foreign pieces. The gold Pandas were the toughest and I'm glad they are gone. I kept working my way through my gold stack. This last weekend I sold 4 1/4 oz. Queens Beasts (The Lion) and 2 1 oz Kangaroos. 3 oz. total. Right away ordered 3 2021 type 2 AGE. Had to add $30 but I thought it was a fair deal for the liquidity. Most of my silver has been sold off also. I like silver but gold is just so much easier for me. I found a buyer who will pay me more than a dealers buy back price but less than retail. Half way between. If I want to get full retail then I have to put some work into it and advertise. Craigslist is ok but you have to weed through the idiots. Still got some gold Pesos and Maple leafs but I'm ok with that. Over 90% of my stack is Eagles and Buffalos. Have great day everyone!
Oh man and I have a few Pandas! Good to hear this has been working for you. Like your effort, I assume it will take some doing. The time value of money is big for me, so I might not put in as much effort as you did and will probably have to add in a little more cash, but I look forward to seeing the gold stack transform. Thank you for sharing your experience with us! Gives me confidence to do so!
You could have worse problems, right? 😉 Hey-thanks for the great stickers! They arrived today and one of them is “sticking” sentinel on my ammo box of Constitutional. I love the pre-33 stuff...such rich history there. But I’m focused on building my foundation of gold with fractional Eagles 🦅and Maples 🍁for now. Maybe someday on the pre-33. 🙆🏻♂️
True enough. First world problems, lol. You're welcome for the stickers. Glad they are put to good use! Great foundation you are building there! I'm not heavy on pre-33, just like the stuff and it is growing on me. Prices are a bit crazy though!
If you're holding long term I don't think it's going to matter what type of gold you have, I've found out that foreign gold sovereigns are a great way to cost average you're stack out. Great talk
Having most of your stack in local gold should have been your plan from the begining ( it was mine but my local stuff is British) . There is. No point swapping all your foreign coins out though especially not to an LCS.tske your time and get top dollar for your foreign coins slowly on forums etc
I like the foreign stuff and think some of it is nicest products in both Gold And Silver. I think your LCS is rare. Most places will give you atleast spot price but + some. I would call some of the online stores and see what they would pay. Thanks
Hey I really appreciate you commenting and yeah, not all LCSs are created equal. I'm sure I can do ok. Maybe I can trade some of my world gold for pre-33!
I think it really depends on your LCS and your personal situation. I can buy and sell Maples at my LCS and take less of a hit on those than I do on AGEs or Buffalos. You can almost always get more selling private party than you can by selling to a dealer, but that means you're stuck with whatever the best price is from your local dealers. I think it's important to have what works best for you in your area, whatever that is. Thanks!
I agree. I have significant experience with avoiding the LCS and selling silver to private parties. It was actually quite fun and got to meet a lot of people from the community. I might do the same thing on the next gold run - just sell peer to peer.
The saying gold is gold resonates with me, until I see what LCSs pay for world gold coins. Now I'm just going to stick with private sales or trades until it's gone I think.
So i listened to what u said vert and heres my take. So if the lcs is going to pay $30 under spot for a foreign and u paid spot for the foreign or even a little over spot then your only loosing $30-$50 on premium. So if u buy a eagle at $100 over spot depending on what the lcs will pay u for that i would say its not much of a difference as far as loosing money. Only difference would be that the usa gold is more liquid. I would just keep the foreign gold kuz by the time u go trading it or selling it and then rebuying american gold ur going to loose a bunch of premium. Just stick to ur original plan and sell the foreign when spot goes way up and then u wont be worried about getting a bit under spot for it.
I think that's what I might do, unless I can find some good trade deals. Just wait for gold to hit $2000 and then I'll be in good shape to do very well on the foreign stuff. So many good ideas from the comments! Thank you for this one.
Think about when you are likely to sell these coins off, the market could have completely changed. Just because some coins are being bought back at a premium right now, doesn't mean they will be like that forever. If someone isn't willing to buy back at spot, shop around.
Vert, I agree with you on the foriegn gold, sell it. However the US coins like nthe Liberty Head, Indian always sell better. a few months ago my 5$ Liberty Head gold piece in AU condition i could sell it for 500. but i didnt sell it. I had another quote from a different LCS they would only buy it for 400. So...when you do sell contact me, i know who will give you more money for the gold than anyone would (LCS) he will give you the best deal
Oh my! It's all who you know sometimes, right? Thanks for the tip and if I ever sell my pre-33 I'll definitely ping you. I hope you are doing well! Most of the snow has already melted here. I want more. Sort of.
Like you said gold is gold. It doesn't matter what its worth when you try to sell it. A foreign gold coin would not be worth much less than an AGE. You should buy what you like.
I have some foreign, but mostly U.S.. Im sure you know your Dollar Cost Average on your gold,, and if so I say convert. Turn a profit on the cheaper gold you purchased a couple years ago and you're already winning. Then pick up some U.S. gold. Ofcourse you won't end up with the same weight, (unless you get extremely lucky to find that one person that needs all the you have) but you will end up with gold that carries a premium instead. (I'm not a financial adviser 🤣). Just my opinion for those who read this comment.
Thanks Rick Gee! That's true I can think profit rather than loss on most of what I have given I have purchased it over time and at good prices for the most part. Makes sense. Always good to hear your opinion on such matters!
I personally think that foreign in general is great to stack. It’s cheaper. Hell, I get foreign junk Silver at melt. Foreign Gold, just a few Bucks over.
That’s great you can find a way to stack what you want. Have you tried to dump the foreign silver ever? If so, what’s it like to resale? Thanks for the comment!
@@VerticalStacker, I haven't yet, but I know I'd get under spot from an LCS. That stuff online has a crazy premium though. Stuff that just shouldn't have a premium does, so if I need to sell it, that's how I would go about it.
I‘m from Germany and I only stack maples and buffalos. I can sell them here above spot. For the Buffalo I can get even more. So I stick with the Buffalos it’s my favorite coin anyway. The most selling coin here is the krugerrand but I absolutely hate them.
Yeah the Krug is my least favorite gold. I don't even really know why. They are the original 1 ounce gold coin, right? Maybe that've just been around for too long and associated with too much drama. Are you in Germany? If you are, do you have those nasty VAT issues there?
Yeah the krugerrand is a full 1 oz gold coin, but the design and the color because of the high copper part is just not appealing to me. Yes, I do live in Germany and buying gold here is completely tax free. On silver on the other hand we have to pay taxes. That’s why I stick with gold. The only silver I bought last year have been a full tube of ASE type 1 for nostalgic reasons. Thanks for replying and your great content. Keep up the good work.
If the government ever starts minting gold for general circulation again, you will be able to buy it for zero premium. This can drive down the premiums attached to domestic coins and will make foreign gold the better buy today. You might think this is unlikely but I believe this is the reason the Treasury keeps the bullion. They can revalue it high and use it to mop up extra dollars by re-enabling the convertibility of paper and digital dollars into gold again. This will actually deleverage their debt and solve their problems.
@@VerticalStacker It’s actually an elegant solution because literally nothing needs to change except the material the mint uses. This is business as usual for them. No new laws, no new technology, no new legislation. It can probably be implemented over a weekend. This is a big deal because a monetary crisis could require extremely fast decision making and solutions. But how could this mop up all those inflated dollars? If you are drowning in a mountain of debt, what’s the easiest way to get out? Take something you already own and sell it at a high enough price that you can easily pay off all your debt and have leftovers to spare. Imagine the extreme case where gold is worth 1 trillion per ounce. It’s easy to see the gov can pay off their 30 trillion in debt with a measly 30 oz. Not only that, they could collect every dollar in existence by allowing people to convert their dollars to gold again using the exact same process you use to break a dollar into four quarters. The gov would have over 200 million oz times 1 trillion per oz which is way more than the number of dollars in circulation. There is some gold price between zero and 1 trillion where a realistic solution can be made involving the treasury’s stockpile. The gov hasn’t sold gold in 50 years. But if gold’s natural market price were 1 trillion per oz, do you think they would sell some today? Absolutely. So the current price is too low, and the natural market price will probably never get high enough. So how can they influence the market price in a realistic way? Simple, they set a standard monetary peg like any other. They set a price and agree to both buy and sell at that price. This only works if their reserves are large enough that they don’t run out of gold which would cause loss of control of the peg. But they have the largest stockpile in the world so they should be good. If they set the price right they can never run out of gold and can therefore maintain the peg indefinitely. The only downside for the gov is they will no longer be able to print money. This is the main reason this will be used as a last resort to catch a collapsing dollar. Ever wonder why all the gold is kept in a secure vault on a military base? Ever wonder why dollars or any other currencies are not also kept in that vault? The gov treats their gold as though it were more precious than dollars.
I live in France and most of the stackers are stacking old french gold (Rooster, Napoleon & co) coins or European bullions (though Maple leaf is becoming popular these days). You can still find American gold coins here but the premium are just ridiculous ☹️ and the market is less liquid.
And don't some of the European countries have the VAT tax as well on bullion? That would drive me crazy! I appreciate you reaching out all the way from France!
@@VerticalStacker I don't know for other countries in Europe but there is no VAT in France on Gold or Silver bullions. That would last drive me crazy >
Better having gold from around the world - than having only one type of coin! Investing in gold must be fun! Otherwise you could spend that money on stocks or crypto and see just numbers on a screen... If you are worrying about losing some money by selling gold.. then you don't have a balanced portofolio and you overextended your cash for gold!
Oh I think I'm pretty balanced. 7%-10% in metals. But I always worry about losing money. I like gains, not losses. :) That's why I can never watch the stock market or control much of my own money. If I did, I'd be a losing mess! I wish the US would create a better variety. I guess in fairness they do come out with some commemoratives and the like, but crazy premiums for those things. I'm not a fan of numbers on a screen either. Thanks for the comment!
To me when ur a stacker it's about weight and best price but I also get foreign because the designs are better. If my money is limited and a 1/10th eagle is $225 and Perth Mint 1/10th is $210 im picking Perth all day. Yes when selling to a LCS your gonna get more back with the eagles but nowdays there's to many ways to sell and get full value for the Perth. To me the only reason u should sell for less then spot is if u need the now. But really when it comes down to it buy wht makes you happy no matter if its from USA or China. It's 2022 we need to stop the coin/gold prejudiceness
@@VerticalStacker lol no panda but what about PerthMint there work is great so why is a 22kt 36yr old same design coin worth more then a 24kt lets say Kookaburra i think its funny in the end its all the same gold WE just love our eagles lol. Ill leave u be to enjoy ur trip now I get bored sometimes lol
I prefer not to stack foreign gold even tho I have a few. It’s hard not to buy foreign considering some are so beautiful and cheaper. Stacking US gold can get boring but I try to look at the big picture for the long term. I’m considering trading off my foreign and frac bars for AGEs or Buffalos
I like 🇺🇸 gold because it's mined here. If I go imported, I prefer the Philharmoniker because there's no monarch on the coin. But this year, I'm more in tune with the fact that I need to contribute to 🇺🇸 GDP. The advantage that our competitors have against us is that their population consciously contributes (voluntarily or not) to their domestic goods and services. The choice is yours. P.S. Ethical LCS owners shouldn't be buying under spot, especially considering that most coins from other countries are .9999
Eagles and Buffalos? Well I wouldn't touch them with a ten foot pole, to many fakes. Maple or Britannia for Spot or $10 under spot? What a bargain!!! /regards from the other side of the pond
Should not feel obligated to sell to a coin shop, in my opinion that is for emergencies only, otherwise you’ll get a better price selling individually on eBay even with all the fees associated with that, it’s still way better than spot. I don’t sell on auction either because that can easily go wrong, I recommend the buy it now option. You set the price, calculate your profits in advance and the item stays up there good till cancelled or sold. That’s the way to go.
However since you have a UA-cam channel, your best bet would be to just do an auction or advertise a sale on Instagram to the community. Couldn’t be easier.
Foreign or not if it is gold then it is gold, what it was as a design does not matter. I have Britannias and gold bars, both are similar in cost but it is the gold that matters not the form. Mine is insurance against the coming financial crash.
You just need to shop around. That's what that 1 shop is paying. Gold is gold and should NEVER sell UNDER spot. 🤣😂 Been to PLENTY on LCS that have high premiums on Australians and pandas
Oh yeah I have several shops here in the area, and I would submit that shops would NEVER pay less than spot if people would stop agreeing to sell for less than spot. We are the problem, for the same reason AGEs are $30+ when spot is $23. People keep buying!
the only thing that matters is what price you buy and what price you sell if you buy @ $1800 and the price goes to $2000 getting a little under spot doesnt matter imo you should just keep what you got and just start stacking government gold
I think I’ve come to that conclusion as well. As long as I can sell it peer to peer, or at an LCS as a last resort, I should be fine as long as spot goes up!
Your not a fool, I like American Gold, but their is nothing wrong with foreign gold. You bought most of it at melt or close to it. It's not like you bought it yesterday and your selling it today, if you bought it when gold was $1200, $1300, $1400 even up to $1750 an ounce your not losing nothing, actually you still would be up even if you got $25-$50 under spot for it. People just got too do the math. If you bought an Gold Buffalo for $100 over spot today, and you sell it for spot or $20 over tomorrow, you would of been better off buying foreign gold. It's more about your entry price and exit spot price when your selling, than whether or not you can get spot or a little over when you sell. Now if your can buy American for close to foreign price, then I say 100% go American. Love the video. Peace!!!
You make very valid points. Too often I look at the here and now and think, "No way would I trade away 1.1 ounces of foreign for 1 oz US" (or whatever), because you are exactly right, I bought most of the foreign stuff a bargain prices when gold was lower. Thanks for the concrete examples and the cogent comment!
That’s good. All of our shops in town offer below spot for certain types of gold. Fortunately the online community is there to suck up every spot deal instantly.
To me the bullion gold coins (AE, ML, etc) are very boring. I would stick to the numismatic coins; coins with a history. In America you have the pre-1933 golden coins which are interesting (because of their historical value) but there are not many different types. In Europe we have a lot of history, and therefore a lot of interesting coins from different countries. I love them. It's gold and the historic value is worth more than the few dollars premiums you may loose in America. Stacking and collecting must be fun too and I'm sure that the numismatic coins will be more appreciated in the future and therefore worth more. Get rid of the bullion and buy numismatic instead
Really, really great points. I also love the variety and history behind not only the pre-33 coins but also the world coins. There is just so much to learn and know that is can become overwhelming. Still, I completely get your point and thank you!
what’s weird is Americans who shun non-American coins. The Royal Canadian Mint for example makes much superior coins with better designs and new security features than anything the US Mint puts out. I own some US Eagles but I look for variety. You will loose a lot on premiums to swap gold for other gold and than you have a far less interesting collection.
I hate to be the bearer of bad news, but one of those Britannia's, 8:30, doesn't look right. I would ping test that. There should be a design in the field behind Britannia.
I would not swap it out. If you sold, you would lose some value, then if you bought US coins, and had to sell them, you would lose again, so you're losing twice on the original purchase.. To me gold is not an investment, it's wealth to be put away. It's worth will shine when the economy goes into a full collapse, and afterwards we will still have our wealth. So I don't want metals to go up in value until everything goes South. I need four more ounces, and waiting for a dip to $1775 that I am not sure will happen any time soon.
Yes I have learned the hard way that waiting for a certain floor in the price can result in waiting a long time. I sold silver at a high and have been waiting to get back in on the low but I think I may have missed a window of opportunity. I really do appreciate your comment and I think you make some very good points.
Trading can be tricky, particularly when exact numbers can't be reached. It seems one person loses a little and the other gains a little. I think trading off the world gold for the US gold I could stand losing a little.
I don’t have any foreign gold all I have is gold from paydirt and two small gold coins I have always wanted a library and a buffalo but like I said all I can is Trade
Not sure why you worry about losing 20 bucks when selling seeing as you save 30 bucks when buying compared to eagle buffalo.. you aint losing anything, spending more when buying isn't enough to justify an even loss. I'd only buy national for liquid purposes,, personally I think any form is just as easy to shift. Spending more to save less seems backwards.
This worked very well for me for silver. Peer to peer sales, recoup all premiums paid from LCS silver, and then some! When people are wanting to buy, as they are now, there is no reason to sell to an LCS for anything less than the price you want. If they don’t buy it, someone else will. I get the business model though, and it does take some time to find out who the deep pockets are in the community who could give you $50,000 for your stack. I think that’s a big reason why people still go to the LCSs, no games (usually) and they get paid right now.
How much cyanates ester cherry phenol can you throw up? WoW PHAT!!!!! Prolly had to be all opened up and deep in the wilderness, I can't imagine overnight, so chill super bummer it's not chill. I wonder if ppl like this could bump phenol cyan like 1,000's of miles....lol sic.... government should have done it.
ALSO a shop that pays the same for a eagle and a buffalo isnt a shop for me anyway. One is 22k and one is 24k. Not the same purity nor should be same price. Lose that LCS BRO
Sure but, don't both have the same amount of 24k gold in them? It's the additional alloy added to the AGE to make is harder that reduces the purity to 22k, or no? Thought I read that somewhere, which is why the AGE weighs more than a buffalo. Thanks for the comment!
Well for the same reasons I sold silver a while back and made a hefty sum. If you buy it right, then you don’t have to wait for a moonshot to convert it and do really well. But here, if I could trade it for US gold and not take a bath doing so I would in a heartbeat. Some coins are just easier to sell than others. Thanks for your comments!
Do you folks stack world gold aka foreign gold? If so, why? Should I get rid of mine?
I do stack it. Just as you said some of them are very beautiful coins. I do know the outcome if I had to dump and go at a LCS, but hopefully it never comes to that. Should you get rid of yours? Well that’s a question you can only answer for yourself. I would say no. You own it now and if you don’t need it to buy more why sell it? Great video Vert..
I have a couple 1/10 foreign gold coins but the only reason I have them is the design. If the US had better designs on their coins all around I would probably buy strictly US Gold
@@Paulybuck good points. It doesn't keep me up at night for sure. I am just pipe-dreaming that I might be able to trade straight across, ounce for ounce, for US gold. One can dream! Good to see you and thanks for commenting.
@@cyclonicsilver2773 Thanks for chiming in. I wish I only had a couple! I guess it's a good problem to have, all things considered. We'll see what opportunities arise in the future.
Yes dump it
Great topic! I've been thinking the same thing about consolidating to US Mint bullion. I don't have much I feel I need to dump, but I'm going to be more careful going forward if nothing else. Pre-33 has gotten really expensive lately, unfortunately. I'd like to pick some more up, but the price stings! Also, nothing against the foreign mints, but I really want to reach through the monitor and flip those coins! 😂 The queen seems so over-represented. Cheers!
I was thinking exactly the same thing! Flip that woman. 🤣
I originally had ALL queens on the desk and I figured it would trigger some feelings, ha ha. I'm looking into a couple of pre-33 coins now and the premiums, even is rough shape, are not user friendly. Still, price has never stopped me from buying what I want. A fool and his money, right? Thanks for stopping in.
@@YankeeStacking I know it's rude, but my eye was twitching! 😅
@@VerticalStacker ha! Good luck. Those Indian Heads, in particular, are expensive right now.
@@2is1gold 😂
Here in Australia, the word "foreign" obviously has a different meaning.
However, the bullion shops that I deal with simply pay you for the gold content and don't give two hoots whether the coin is from Australia, South Africa, US, UK or the moon. The approach here is - gold is gold.
Yeah I probably should use "World Gold," and that would resonate better with folks from around the world. I like the approach of your shops!
AGEs, Gold Maples, Pre-33. That’s my gold STACK (I like some collector gold but that ain’t “stacking” to me). Even my pre-33 gold should be rather crappy to keep it close to spot.
Yeah I hear you. Most of my pre-33 are raw coins "off the shelf" and while I'd like to keep it that way, there are a couple that I'd like to get that are hard to find in crappy condition, so I might get stuck paying the price for, ahem, want vs. need.
@@VerticalStacker I picked up a few liberties yesterday at Tim’s (video tomorrow) and they were a little better condition than I wanted. I like heavily circulated ones but they are getting harder to find.
Just spitballing here to hopefully help:
1. Divide coins into to 2 groups
A. Coins that you like the most in you international stack
B. Coins you like the least in the stack.
2. Starting with the coins you like the least: Color those up at the LCS to what you want the most.
Take self inventory throughout the process and see if you want to proceed until you have them all converted.
That's not a bad idea, at all! Thank you for the input and I might just do something like that.
Wha wha what!!!! Just under 100 oz. of foreign gold? Wow! I salute you sir. That is actually my goal now - to stack 100 oz. of gold! I’m hoping I’ll hit it by the end of 2024. Great video brotha.
You'll get it! Glad to see you have set a goal. That's half the battle, right? There is a great feeling of freedom when you hit that 100 oz mark. Even should you decide to "cash" it in later for expenses, an ounce a month, say $2,000 by the time we retire, can really change your retirement lifestyle! and that would last 100 months, which is what, 8 years? Not bad! Better than social security lol.
@@VerticalStacker Exactly. All auction packages being mailed today. Thank you brotha.
I have only ever stacked U.S. gold and silver, with a few exceptions in some silver series that I have collected or been gifted over the years. Just always made sense to me. If it were my stack I would definitely trade/sell/barter away the foreign stuff and convert the proceeds to U.S. gold. Luckily I completed the full set of pre-33 gold a few years ago when nobody seemed to want it, and you could find it at sometimes below spot. Trends definitely come through with precious metals as far as what everyone is currently looking to buy and I believe the pre-33 prices are reflecting that at this point in time.
That is so true about the trends - thank you for saying that. Now that I'm considering pre-33 gold again and I see the prices - wow! Just saw a raw 1932 Indian $10 for $1,500. That's less than a half ounce of gold! But I'll probably buy it anyway lol! Good to see you as always and thank you for your cogent commentary.
So if you buy an AGE for $1910, and you buy a maple for $1890, and you get $20 less when selling back the maple, does it really matter? I don't think so
Well now that's a good point, but every dollar makes a difference to some! Thanks for the comment!
@@VerticalStacker but the difference is $0 , you buy for cheaper and sell for cheaper with the same margin. That's what you need to calculate.
I do agree though that your sovereign bullion is going to be easier to move when the time comes to sell. But I also think that you're over thinking the disadvantages of foreign bullion.
Agree with AY’s comments
I completely get it. When I first started stacking gold, I was more foreign heavy, but over the past few years I have been staying strictly with Buffalos and AGE's and fractional AGE's, occasional Maple sometimes. I know it is a pain in the ass, but if you can, sell it/trade it privately. I also agree the foreign gold designs are much better looking.
Yes, I agree private sales are the way to go. I did that with silver and did very well, infinitely better than I would have through an LCS.
Your info is crucial important
Nevera heard from other channels before!!
Beautiful gold coins. I personally stack world gold cause I want to get a goin coin from every country/territory that makes them. Thank you so much for sharing your collection.
I'd love to have a gold coin from every country! That would be an impressive collection indeed.
I see your point and if I lived in the states for sure would have more American gold. However the collector in me loves the variety of coins and being Canadian I pay taxes on gold not 24k. So for me maples makes more sense. For you, yeah I would be less heavy on foreign gold but keep some. Just my 2 cents.
I'm at the very same point in my gold stack. About half of my stack is foreign. Primarily accumulated when I first started stacking gold. For me I have contemplated converting to eagles or Buffalo's, however decided to just hold them. Taking a loss now to convert or a loss in the future if and when I sell seems like a wash. I'm banking on future spot to be much higher than what I paid for my foreign gold. However moving forward I have been bitting the bullet on the higher premiums and going with US gold. Great video my friend. Definitely food for thought. Happy new year to you and the family! 🤙
Thanks Rat Stack! I think a lot of us are going to doing similar things. I might still hold until gold hits $2000 or close to it and then dump/trade it out. I'm positive that will happen at some point, so I just need to be patient, which is not my strong suit. Good to see you and have a great year as well!
My thinking is in line with yours, however it is tough the resist a good deal on foreign gold when the spread between the premiums on it and a Gold Eagle or Buffalo is just not justifiable. I would have to be very disciplined in only buying when the premiums fall on them.
That's some handsome stack!
I am on online bullion dealer buyer, and a fractional American Gold Eagle guy. (With a few exceptions)
And you have done it right! Thanks for coming by.
Great discussion. I believe the LCSs prices vary by area, so your LCS may not be paying, but others will. I’d you want different gold coins, I’d say start selling them private party now, while you can take your time doing it. Then start buying US gold with the proceeds. I stack GB sovereigns and Mexican Pesos and US gold primarily. It’s true that most foreign gold will not command a premium, but that’s also why I bought some Austrian Coronas, a Panda, and a Helvicia in the past, to get gold in my hands for a lower premium. The goal with that being gold for stack - premiums aside.
🔥🦈🌊
True the LCS vary, even within a small area. Just yesterday I learned that one is selling silver for $3.50 over, while another is $5.00 over. That's quite a difference and the shops are within 5 miles of each other. I agree, the lower/no premium gold is hard to resist, particularly when the designs are so nice on some of them! Thanks a bunch for your comment!
Gold is gold. If you subscribe to SHTF scenario, having foreign gold is better than no gold at all.
Never forget that gold’s main purpose is to preserve your wealth in the next 5-25+ years from now, whether you hold foreign or domestic gold. If you are buying gold as an investment to flip for profit, then you have chosen the wrong investment vehicle. There are better investment instruments (eg stocks, real estate, etc) that will make you a lot more money.
If your LCS won’t give you a fair deal, find another LCS that will. Or alternatively sell your foreign bullion on The Silver Forum and members on that website will pay you a fair price.
My 2 cents.
Great subject Vert! I have modern foreign gold bullion but as collectibles (I like them) and certainly not a major portion of my stack. I reserve that for Buffalos and Eagles. I don't have any old foreign gold besides a Dos Pesos, for all the reasons you listed. I'm surprised to hear about the Maples and I'm liking them more and more, especially the latest years. HAHAHA I'm happy to see you finally getting into Pre 33. Took you long enough. Good video man; wish you would post more!
Yeah I've had these pre-33s for a while, but for some reason I am being drawn to them again. Hard to ignore those thoughts! I think the main coins I want to dump are the Krugs and the Roos in the 1 oz, and all of the Roosters and other Sovereign types in the smaller coins. Maybe I'll keep one of each just, well, because. Thanks for commenting and always good to hear your thoughts.
@@VerticalStacker likewise brother
The foreign designs are better, not going to lie. And idk, i think you'll be okay having foreign gold, just selling could be tougher that say eagles or buffalos. At the end of the day gold is gold. It'll all sell to the right person. Awesome collection my friend. 🧡🇺🇲🤠
You got that right! Way better designs. Thanks for commenting!
Gold is gold in the long run
If/when gold goes up significantly, the small differences in premiums won't matter that much.
Very true, And I’m pretty sure it’s “when”!
The foreign gold market is wildly different between your area and mine. To maximize the profits in your area, you’re best option (in my humble opinion) would be to sell them peer to peer. Granted, it takes more time and effort, but i would rather take that option as opposed to throwing away money. It’s good to see you back brother!! Take care👊✌️
Agree 1000% peer to peer is the way to go. I proved that to myself with silver. I assume there is a similar market for peer to peer gold sales. Thanks again! And good to see you as well!
That is a great Gold stack. I prefer US Mint Gold coins but also like the Gold Maples. Thanks for sharing!
Thank you for commenting. Maples seem to be a very good alternative to strictly US gold coins. I have more than a few of those!
Hey,, Nice to See you,,, I'm not waiting in I have no idea,, but Nice Stack,,, take care you & yours...🙂
Thanks mom! :) Always appreciate you stopping in!
I decided on a graduated plan for my stack. I stay with US coins for 1/2 and 1oz coins. 1/4's I limit to AGE, Mapleleaf's and Krug's. Anything else I may decide to get is in 1/10th oz size. This lets me have a variety at a relatively minimal investment. So far it has worked well. Next phase is to incorporate some pre-33 because well...pre-33!
Well said, pre-33! That's an interesting take, a graduated plan. I like it. All of these comments get me thinking about so many things!
I made a deal with myself when I started stacking gold that I'm not going to start assembling a collection, and I would see gold as money and treat it accordingly, and I remained faithful to that.
That's smart. That's how I treat silver for the most part, as a tool; a means to an end. Good on you for sticking with it!
@@VerticalStacker I basically went to the local bullion dealer and asked him what people most commonly buy and what's most liquid for him, and I stack only that.
Playing Rope a Dope🤣🤣🤣🤣. Awesome Video and the selection of the Gold you have there looks Great!! I have minimal gold and platinum but I have a lot of silver and have been kicking around the idea of trading in most of my silver this year to get more Gold…. Great to see you and see you soon!! On a side note maybe I should buy Gold to melt instead of silver 🤔🤔
I probably look dumb enough for people to try that on me lol. Ooooh, melting gold! That's a talent my friend. And you have talent!
Now i know why my lcs near gave me good prices on a oone ounce panda and a1/4 krug!
I think is OK sinceramente i m not planning to sell
But is great to know what you are teaching us here!
I love my foreign bullion I will hang on to it.
Don’t blame you one bit. I go back-and-forth myself.
If you can not get spot price for gold find another LCS. Here in Australia, we get Perth mint coins, but also like the maples, eagles etc
Yeah we have 4-5 here in the valley. Not sure where I'll find these coins though! Might be tough. Not your everyday garden variety, really.
If all they'll give you is sub-spot price on foreign gold coins, then just wait until gold moves up over $2000/oz where you can sell them for more than you paid for them. Good topic!
I almost did just that when we briefly hit $2000 or close to it this last year. In hindsight, I wish I would have so I could have positioned myself to buy now. I did that with silver and it worked out very well.
@@VerticalStacker i sold some when it hit over $2000 in August 2020. Gold is gold no matter who mints it. Stack on, my friend!
The short answer me is I wouldn't swap it out I like all gold domestic and foreign. If you don't care for the foreign gold and have an affinity for American gold than sell and buy....bottom line is stack what you like. The only gold coin I dont care for is the Krug.
Stack what you like is great advice, as long as it isn't Krugs, haha! Also my least favorite of the 1 oz coins. I think perhaps Lethal Weapon had something to do with it... There's a reference for you!
I love Krugerrands, myself, and they were the 1st five one-ounce gold coins I ever bought..
I liked them when I first saw them; they were intriguing to me. Once I saw Buffaloes and some of the other mints offerings, I was spoiled.
I have a lot of Britannias and Kangaroos. I bought them because I like them better than than the domestic coins. They were also significantly less expensive than the Eagle or Buffalo. So when a 1 oz Eagle was selling for a 10% premium on Ebay and the Roo was 6.5% I think you will still be ahead if the LCS dings you for $20-50.
Yeah I have to go back and do some math on those, and you're probably right. Plus, it depends on the overall purchase price vs. sell price as well. My brain just doesn't sit well with spot being $1830 and someone paying less than that. Does not compute lol, but of course I get it.
First. 👌🏼
That was fast.
@@VerticalStacker I’m sick in bed and I saw your notification. 😂
@@YankeeStacking Oh no! I'm sorry to hear that. My best to you and pray you'll have a speedy and complete recovery.
@@VerticalStacker Thanks! I find out tomorrow if it’s my second bout of the vid
I forgot to mention, I wouldn't get rid of it unless I had too. If you feel like you got too much foreign gold, then buy American for while. Peace!!!
With all the economic turmoil, I think it is wise to wait for a bit. Good call.
I think it’s the same. You’re going to pay more for US so you get more when you sell. You pay less for foreign so you get less. I don’t feel like there is that much of a difference but I think it’s important to stack what you like. I don’t stack anything Chinese. I have 5 silver pandas but that’s it. I do like variety so I like your stack but the Buffalo is definitely my favorite.
A Y made a similar comment. I might be overthinking it given the ability to recoup at the time of sale. I always get caught up in the "under spot" offer from buyers.
2/3 of my LCS’s are refineries. I don’t sweat holding world gold, bought it all close to spot and it refines to 24k like any other.
No kidding? I wonder what they do with all the mercury waste? One shop got in big trouble here because the EPA traced the mercury from the sewer to his shop, lol. Whoopsie. Glad you like the world gold! If I can find the right deal I'll trade/sell, but I won't accept huge losses. At least I have variety!
@@VerticalStacker Good question! My assumption is that it is regulated as part of the mining industry in this state, as both refiners are here to serve the local miners. But I’ve never specifically asked and you know what they say about assuming…lol.
I really love this video and want to say you have some awesome looking pieces! I have the same problem as you do. I only own foreign gold even though I’m American haha! All my pieces are Canadian, Australian, or from the U.K. I didn’t ever intend to only have foreign gold. Each purchase made sense at the time, either they were at a low premium over spot, and or I really loved the design. But now i have a stack that would lose me a lot of money if I had to sell to one of my LCS’s. It’s a good thing I don’t have to sell, and hopefully will never have to sell. But from now on I am only buying AGE’s or buffaloes. Well… unless you’re looking to sell that 1/10th krugerrand for a good price! 😆
I also have foreign and American vehicles, so I'm a total mess! I was surprised to see how much world gold I had accumulated. Almost 100 ounces. That's nuts. But, you're right, I bought it at good prices, and when I look at the receipts of some of the things I bought, roosters for example, I see that even selling them for a little below melt I would do pretty good. It's all about the buy price! The Krug? I'll keep you in mind since I know you have a weak spot for world gold lol.
Vertical Stacker I think LCS know stackers are suckers for deals haha, that’s how we end up so much random but awesome stuff. Thanks for keeping me in mind for the krug!
Great topic. Exit/trade strategy is important and it seems YOUR area plays a big part. I don’t think I’d ever want or need to sell gold under spot. I look for low premium stuff and spot is always the safety net. If your bullion becomes popular, that’s a bonus.
I would be hesitant on a lot of foreign gold. Austrian, French, British seem gtg but may move slow. I don’t consider Canadian Maples foreign being close to the boarder, but other coins..meh. Mexican gold seems to be climbing in premium and desirable. Pre-33 at decent premiums are a good chose for variety.
Although interesting, the odd shapes and unreadable writing, and targeted counterfeiting would make me hesitant to buy- What’s, the gold content? What’s a fake vs real look like? Need a sigma to authenticate, Naw, I’ll pass.
Might consider trading out some of the foreign, but you stack is very solid, so wouldn’t make it a priority. Just focus on more liquid stuff going forward.
Great thoughts and I appreciate your well thought out comments. I suppose the fall back - gold is gold, but in a pinch, you still might need to liquidate. So yeah, I’d like to have that process be as easy as possible for the greatest return, so-to-speak.
Friend I’m almost in the same boat as you I’ve had the same concerns. As far as getting the foreign gold close to spot then your head is above water today. My advice is to keep all the Perth,Royal and Canadian mint coins and only consider liquidation of the lesser known ones. A private party sale is your best bet to break even. I seriously doubt you could trade any for eagles unless you were willing to take a substantial loss. Take those roosters and sale them to private citizens and use the cash to buy eagles
Craig I appreciate the comment very much. I love the Perth Mint. Some of the Canadian bullion milk spots badly, but it's still an ounce of silver. That's good advice on the Roosters. I can probably to well with them in online groups as well.
I stack anything that says 1/10 oz gold. Stay away from the soverings. Can always sell them peer to peer and you wont get screwed at the LCS.
Yes! Peer to peer is by far the best way to sell once you have some verifies buyers. I've been on a lot of online forums and some reputable people on there, as well as some not-so-reputable ones. Homework and research is key! Do you stack anything other than 1/10?
@@VerticalStacker no, I do have a single coin that’s 1/5 oz and I would like to start getting 1/4 next, but that’s gonna take a while to get on that train. I like the 1/10 price point…I don’t like to have to actually save money for bigger pieces, I will get there one day but not anytime soon.
@@tridentstacking but the important part is that you WILL get there!
Yep, I am doing that now - changing my foreign gold for US gold. I've taken them to coin shows or LCS and traded (I add some cash most of the time).
Are you finding that people are receptive to doing the trades, particularly when you add cash? Glad to hear it is working for you!
@@VerticalStacker yep! coin dealers are receptive, knowing that they are buying low in the first place and the extra cash allows them to sell the US gold coin at their desired price, so win-win for them
@@silvergoldsaver779 having only one type of gold is boring same as stacking gold bars! Not to mention investing in gold doesn't get you much profit overtime as stocks or crypto...so atleast you must have fun having physical assets!
100oz, Wowsers. Do a full stack man, we wanna see the whole pile.
If I ever get it together in one place...I will. :)
I have more foreign gold than US. The higher premiums scare me off. Might get a little less when selling but eh 🤷🏻♂️ 6 one, half a dozen the other. End of the day I’m just proud I’ve managed to save and stack something. Great video ✊
That's a great comment. It IS all about saving, and most of us are really bad at it. Glad to see you've got it figured out and buying what makes sense for you. Thanks Desert Bob!
I have a 1 oz RCM bar & 99999 coin and a Buffalo. The rest are fractional Eagles and Britannias, more Eagles but the Britannias are catching up. I’m buying the Britannias more now specifically because of the premiums. There is considerable difference from the Eagles at least to my eye. There are a lot of foreign gold I have no real interest in and I’ll continue to stack US, need more Buffalos. The premiums for US is just a killer. Liquidity is big though.
I started PM’s mid last year and the first videos I watched were yours, thanks for the great content.
Is it just me or isn’t it funny you want to get rid of a lot of foreign gold but one of your top 5 coins for 2022 is from the Perth mint? I saw that video before this one.
You got me! Yeah that fact isn’t lost on me that one of my top 5 is from Australia. I’ve wanted it for so long I had to make an exception! Plus, I am still not 100% that I will dump all of my world gold. But it will be the first to go when gold hits $2000 again. But that double dragon? Nope.
You are spot on with your liquidity analysis, and assuming gold rises those premiums should be captured back, at least in part.
Gosh I’m flattered to know you watched some of my videos first. Glad you are still around and stacking yourself! Can’t go wrong with US gold! You have a great variety though. Keep at it. Thank you!
The Mint in my Country doesn't do Gold coins, so to me they're ALL foreign coins! I go by personal preference and popularity when I decide which coin to buy, so I usually choose Buffaloes or Maple Leaves
No kidding? Well that makes it easy for you then, as long as you don’t argue with yourself over your preferences lol!
Been stacking for a little over a year. At first I heard a lot of people saying gold is gold and silver is silver so just buy the lowest premium you can. I had been stacking for a few months before I heard someone talking about selling coins and how some coins are easier to sell than others. I would like to trade out of my foreign gold but I want to wait for the price to go up enough that I’m not losing money to do it. Also there are only to LCS in my area and they are both very small and don’t offer much. I have purchased most of my stack from the big online dealers and some Instagram dealers.
I hear you. Selling or trading out at a loss is no fun at all. I think it’s just a matter of time and we’ll see some good gains. Maybe I’ll wait, but I’m an impatient one!
Great video and its exactly what I have been doing the last year. I found it can be work getting a fair price for foreign pieces. The gold Pandas were the toughest and I'm glad they are gone. I kept working my way through my gold stack. This last weekend I sold 4 1/4 oz. Queens Beasts (The Lion) and 2 1 oz Kangaroos. 3 oz. total. Right away ordered 3 2021 type 2 AGE. Had to add $30 but I thought it was a fair deal for the liquidity. Most of my silver has been sold off also. I like silver but gold is just so much easier for me. I found a buyer who will pay me more than a dealers buy back price but less than retail. Half way between. If I want to get full retail then I have to put some work into it and advertise. Craigslist is ok but you have to weed through the idiots. Still got some gold Pesos and Maple leafs but I'm ok with that. Over 90% of my stack is Eagles and Buffalos. Have great day everyone!
Oh man and I have a few Pandas! Good to hear this has been working for you. Like your effort, I assume it will take some doing. The time value of money is big for me, so I might not put in as much effort as you did and will probably have to add in a little more cash, but I look forward to seeing the gold stack transform. Thank you for sharing your experience with us! Gives me confidence to do so!
You could have worse problems, right? 😉
Hey-thanks for the great stickers! They arrived today and one of them is “sticking” sentinel on my ammo box of Constitutional.
I love the pre-33 stuff...such rich history there. But I’m focused on building my foundation of gold with fractional Eagles 🦅and Maples 🍁for now. Maybe someday on the pre-33. 🙆🏻♂️
True enough. First world problems, lol. You're welcome for the stickers. Glad they are put to good use! Great foundation you are building there! I'm not heavy on pre-33, just like the stuff and it is growing on me. Prices are a bit crazy though!
If you're holding long term I don't think it's going to matter what type of gold you have, I've found out that foreign gold sovereigns are a great way to cost average you're stack out. Great talk
That's probably true. Still, I just get this nagging feeling to swap it out. Wish I had a crystal ball lol!
Having most of your stack in local gold should have been your plan from the begining ( it was mine but my local stuff is British) . There is. No point swapping all your foreign coins out though especially not to an LCS.tske your time and get top dollar for your foreign coins slowly on forums etc
Yeah woulda coulda shoulda but darn it I got sucked in to all those awesome designs that are much more attractive than my home country boring stuff!
I like the foreign stuff and think some of it is nicest products in both Gold And Silver. I think your LCS is rare. Most places will give you atleast spot price but + some. I would call some of the online stores and see what they would pay. Thanks
Hey I really appreciate you commenting and yeah, not all LCSs are created equal. I'm sure I can do ok. Maybe I can trade some of my world gold for pre-33!
I think it really depends on your LCS and your personal situation. I can buy and sell Maples at my LCS and take less of a hit on those than I do on AGEs or Buffalos. You can almost always get more selling private party than you can by selling to a dealer, but that means you're stuck with whatever the best price is from your local dealers. I think it's important to have what works best for you in your area, whatever that is. Thanks!
I agree. I have significant experience with avoiding the LCS and selling silver to private parties. It was actually quite fun and got to meet a lot of people from the community. I might do the same thing on the next gold run - just sell peer to peer.
I stacked a lot more foreign Gold the past two years then I had in the past but I think it's time to get back to purchasing more U.S. Gold.
The saying gold is gold resonates with me, until I see what LCSs pay for world gold coins. Now I'm just going to stick with private sales or trades until it's gone I think.
@@VerticalStacker I’ve always said the same thing, (Gold is Gold).
It may be time to reevaluate 🤔
So i listened to what u said vert and heres my take. So if the lcs is going to pay $30 under spot for a foreign and u paid spot for the foreign or even a little over spot then your only loosing $30-$50 on premium. So if u buy a eagle at $100 over spot depending on what the lcs will pay u for that i would say its not much of a difference as far as loosing money. Only difference would be that the usa gold is more liquid. I would just keep the foreign gold kuz by the time u go trading it or selling it and then rebuying american gold ur going to loose a bunch of premium. Just stick to ur original plan and sell the foreign when spot goes way up and then u wont be worried about getting a bit under spot for it.
I think that's what I might do, unless I can find some good trade deals. Just wait for gold to hit $2000 and then I'll be in good shape to do very well on the foreign stuff. So many good ideas from the comments! Thank you for this one.
Think about when you are likely to sell these coins off, the market could have completely changed. Just because some coins are being bought back at a premium right now, doesn't mean they will be like that forever. If someone isn't willing to buy back at spot, shop around.
Good point. Unless I was desperate I would have no reason to ever sell any of my gold at what I perceive to be a loss.
Vert, I agree with you on the foriegn gold, sell it. However the US coins like nthe Liberty Head, Indian always sell better. a few months ago my 5$ Liberty Head gold piece in AU condition i could sell it for 500. but i didnt sell it. I had another quote from a different LCS they would only buy it for 400. So...when you do sell contact me, i know who will give you more money for the gold than anyone would (LCS) he will give you the best deal
Oh my! It's all who you know sometimes, right? Thanks for the tip and if I ever sell my pre-33 I'll definitely ping you. I hope you are doing well! Most of the snow has already melted here. I want more. Sort of.
Like you said gold is gold. It doesn't matter what its worth when you try to sell it. A foreign gold coin would not be worth much less than an AGE. You should buy what you like.
That’s fair. But what you like. We’re the ones who have to sit here and fool around with it after all! 🤣
I have some foreign, but mostly U.S.. Im sure you know your Dollar Cost Average on your gold,, and if so I say convert. Turn a profit on the cheaper gold you purchased a couple years ago and you're already winning. Then pick up some U.S. gold. Ofcourse you won't end up with the same weight, (unless you get extremely lucky to find that one person that needs all the you have) but you will end up with gold that carries a premium instead.
(I'm not a financial adviser 🤣). Just my opinion for those who read this comment.
Thanks Rick Gee! That's true I can think profit rather than loss on most of what I have given I have purchased it over time and at good prices for the most part. Makes sense. Always good to hear your opinion on such matters!
I personally think that foreign in general is great to stack. It’s cheaper. Hell, I get foreign junk Silver at melt. Foreign Gold, just a few Bucks over.
That’s great you can find a way to stack what you want. Have you tried to dump the foreign silver ever? If so, what’s it like to resale? Thanks for the comment!
@@VerticalStacker, I haven't yet, but I know I'd get under spot from an LCS. That stuff online has a crazy premium though. Stuff that just shouldn't have a premium does, so if I need to sell it, that's how I would go about it.
I‘m from Germany and I only stack maples and buffalos. I can sell them here above spot. For the Buffalo I can get even more. So I stick with the Buffalos it’s my favorite coin anyway. The most selling coin here is the krugerrand but I absolutely hate them.
Yeah the Krug is my least favorite gold. I don't even really know why. They are the original 1 ounce gold coin, right? Maybe that've just been around for too long and associated with too much drama. Are you in Germany? If you are, do you have those nasty VAT issues there?
Yeah the krugerrand is a full 1 oz gold coin, but the design and the color because of the high copper part is just not appealing to me. Yes, I do live in Germany and buying gold here is completely tax free. On silver on the other hand we have to pay taxes. That’s why I stick with gold. The only silver I bought last year have been a full tube of ASE type 1 for nostalgic reasons.
Thanks for replying and your great content. Keep up the good work.
If the government ever starts minting gold for general circulation again, you will be able to buy it for zero premium. This can drive down the premiums attached to domestic coins and will make foreign gold the better buy today. You might think this is unlikely but I believe this is the reason the Treasury keeps the bullion. They can revalue it high and use it to mop up extra dollars by re-enabling the convertibility of paper and digital dollars into gold again. This will actually deleverage their debt and solve their problems.
This in an interesting take and I'm not sure I can wrap my head around it completely, but it makes sense on the surface. Thank you for commenting!
@@VerticalStacker It’s actually an elegant solution because literally nothing needs to change except the material the mint uses. This is business as usual for them. No new laws, no new technology, no new legislation. It can probably be implemented over a weekend. This is a big deal because a monetary crisis could require extremely fast decision making and solutions.
But how could this mop up all those inflated dollars? If you are drowning in a mountain of debt, what’s the easiest way to get out? Take something you already own and sell it at a high enough price that you can easily pay off all your debt and have leftovers to spare. Imagine the extreme case where gold is worth 1 trillion per ounce. It’s easy to see the gov can pay off their 30 trillion in debt with a measly 30 oz. Not only that, they could collect every dollar in existence by allowing people to convert their dollars to gold again using the exact same process you use to break a dollar into four quarters. The gov would have over 200 million oz times 1 trillion per oz which is way more than the number of dollars in circulation. There is some gold price between zero and 1 trillion where a realistic solution can be made involving the treasury’s stockpile.
The gov hasn’t sold gold in 50 years. But if gold’s natural market price were 1 trillion per oz, do you think they would sell some today? Absolutely. So the current price is too low, and the natural market price will probably never get high enough. So how can they influence the market price in a realistic way? Simple, they set a standard monetary peg like any other. They set a price and agree to both buy and sell at that price. This only works if their reserves are large enough that they don’t run out of gold which would cause loss of control of the peg. But they have the largest stockpile in the world so they should be good. If they set the price right they can never run out of gold and can therefore maintain the peg indefinitely.
The only downside for the gov is they will no longer be able to print money. This is the main reason this will be used as a last resort to catch a collapsing dollar.
Ever wonder why all the gold is kept in a secure vault on a military base? Ever wonder why dollars or any other currencies are not also kept in that vault? The gov treats their gold as though it were more precious than dollars.
You got a bit of gold there. Hold on to it for now
Make a list with prices to let us know. Some of us would offer trades.
Thanks Carl and good to see you again!
I like my square map 1/10th oz golds
They are pretty darn cool, I agree.
Great stock sorry can't help u how to get rid if ut but if u do tell us how. Thanks
Ok will do!
I live in France and most of the stackers are stacking old french gold (Rooster, Napoleon & co) coins or European bullions (though Maple leaf is becoming popular these days). You can still find American gold coins here but the premium are just ridiculous ☹️ and the market is less liquid.
And don't some of the European countries have the VAT tax as well on bullion? That would drive me crazy! I appreciate you reaching out all the way from France!
@@VerticalStacker I don't know for other countries in Europe but there is no VAT in France on Gold or Silver bullions.
That would last drive me crazy >
Wow! did not expect to see a Saudi coin in your stack! It says “1 Saudi Arabian Jeneh” (jeneh is like pound currency)
Our currency is Saudi Riyal. However, the precious metal coins we call jeneh (pronounced je-naih)
Better having gold from around the world - than having only one type of coin! Investing in gold must be fun! Otherwise you could spend that money on stocks or crypto and see just numbers on a screen... If you are worrying about losing some money by selling gold.. then you don't have a balanced portofolio and you overextended your cash for gold!
Oh I think I'm pretty balanced. 7%-10% in metals. But I always worry about losing money. I like gains, not losses. :) That's why I can never watch the stock market or control much of my own money. If I did, I'd be a losing mess! I wish the US would create a better variety. I guess in fairness they do come out with some commemoratives and the like, but crazy premiums for those things. I'm not a fan of numbers on a screen either. Thanks for the comment!
To me when ur a stacker it's about weight and best price but I also get foreign because the designs are better. If my money is limited and a 1/10th eagle is $225 and Perth Mint 1/10th is $210 im picking Perth all day. Yes when selling to a LCS your gonna get more back with the eagles but nowdays there's to many ways to sell and get full value for the Perth. To me the only reason u should sell for less then spot is if u need the now. But really when it comes down to it buy wht makes you happy no matter if its from USA or China. It's 2022 we need to stop the coin/gold prejudiceness
I’ve been called out for coin prejudice! Lol. Great take, Larry. But I still don’t like Pandas 😱. Have a good one!
@@VerticalStacker lol no panda but what about PerthMint there work is great so why is a 22kt 36yr old same design coin worth more then a 24kt lets say Kookaburra i think its funny in the end its all the same gold WE just love our eagles lol. Ill leave u be to enjoy ur trip now I get bored sometimes lol
I prefer not to stack foreign gold even tho I have a few. It’s hard not to buy foreign considering some are so beautiful and cheaper. Stacking US gold can get boring but I try to look at the big picture for the long term. I’m considering trading off my foreign and frac bars for AGEs or Buffalos
I think that's what sucked me in - the value and all the variety of designs. I hope I can trade these off. We'll see how the market goes.
I like 🇺🇸 gold because it's mined here. If I go imported, I prefer the Philharmoniker because there's no monarch on the coin. But this year, I'm more in tune with the fact that I need to contribute to 🇺🇸 GDP. The advantage that our competitors have against us is that their population consciously contributes (voluntarily or not) to their domestic goods and services. The choice is yours.
P.S.
Ethical LCS owners shouldn't be buying under spot, especially considering that most coins from other countries are .9999
I like your thinking here. I didn’t really consider the ethics of buying under spot, but you make a very valid point!
Hold the gold. Just wait .. things change fast
Do you have proof that it is pure?
That seems to be the hard part...
Only to the extent it passes all of the tests, including XRF, specific gravity and so forth. Thanks for stopping in!
Eagles and Buffalos? Well I wouldn't touch them with a ten foot pole, to many fakes. Maple or Britannia for Spot or $10 under spot? What a bargain!!! /regards from the other side of the pond
Hello there over there! I’ve never seen a fake, or maybe I have 3! 🤪 thanks for commenting!
I am pretty sure you find a dealer that will give you the spot price.
So i would keep it.
I think when the demand is right, that’s true. I was actually pretty surprised given the current market to hear an offer less than spot.
Should not feel obligated to sell to a coin shop, in my opinion that is for emergencies only, otherwise you’ll get a better price selling individually on eBay even with all the fees associated with that, it’s still way better than spot. I don’t sell on auction either because that can easily go wrong, I recommend the buy it now option. You set the price, calculate your profits in advance and the item stays up there good till cancelled or sold. That’s the way to go.
However since you have a UA-cam channel, your best bet would be to just do an auction or advertise a sale on Instagram to the community. Couldn’t be easier.
Yes, that would always be an good option, I agree.
Foreign or not if it is gold then it is gold, what it was as a design does not matter. I have Britannias and gold bars, both are similar in cost but it is the gold that matters not the form. Mine is insurance against the coming financial crash.
It's hard to imagine a scenario where there isn't some kind of financial peril, even doom. But what kills me is how has it not already happened?
You just need to shop around. That's what that 1 shop is paying. Gold is gold and should NEVER sell UNDER spot. 🤣😂 Been to PLENTY on LCS that have high premiums on Australians and pandas
Oh yeah I have several shops here in the area, and I would submit that shops would NEVER pay less than spot if people would stop agreeing to sell for less than spot. We are the problem, for the same reason AGEs are $30+ when spot is $23. People keep buying!
@@VerticalStacker guess my area must be different to a degree
the only thing that matters is what price you buy and what price you sell if you buy @ $1800 and the price goes to $2000 getting a little under spot doesnt matter imo you should just keep what you got and just start stacking government gold
I think I’ve come to that conclusion as well. As long as I can sell it peer to peer, or at an LCS as a last resort, I should be fine as long as spot goes up!
Your not a fool, I like American Gold, but their is nothing wrong with foreign gold. You bought most of it at melt or close to it. It's not like you bought it yesterday and your selling it today, if you bought it when gold was $1200, $1300, $1400 even up to $1750 an ounce your not losing nothing, actually you still would be up even if you got $25-$50 under spot for it. People just got too do the math. If you bought an Gold Buffalo for $100 over spot today, and you sell it for spot or $20 over tomorrow, you would of been better off buying foreign gold. It's more about your entry price and exit spot price when your selling, than whether or not you can get spot or a little over when you sell. Now if your can buy American for close to foreign price, then I say 100% go American. Love the video. Peace!!!
You make very valid points. Too often I look at the here and now and think, "No way would I trade away 1.1 ounces of foreign for 1 oz US" (or whatever), because you are exactly right, I bought most of the foreign stuff a bargain prices when gold was lower. Thanks for the concrete examples and the cogent comment!
I buy and sell at my LCS and never sell for less than spot
That’s good. All of our shops in town offer below spot for certain types of gold. Fortunately the online community is there to suck up every spot deal instantly.
You sir are no fool.
I'll let you call my wife one of these days and learn what she has to say lol!
Doesn’t it even out? Where i live American gold costs around 100$ more than anything else per ounce.
Maybe? I just struggle to pay those premiums. I hope I can trade straight across at some point.
@@VerticalStacker I just buy to the lowest premium possible and hope for the best when the time to sell comes, like in 20 years time😅
To me the bullion gold coins (AE, ML, etc) are very boring. I would stick to the numismatic coins; coins with a history. In America you have the pre-1933 golden coins which are interesting (because of their historical value) but there are not many different types. In Europe we have a lot of history, and therefore a lot of interesting coins from different countries. I love them. It's gold and the historic value is worth more than the few dollars premiums you may loose in America. Stacking and collecting must be fun too and I'm sure that the numismatic coins will be more appreciated in the future and therefore worth more. Get rid of the bullion and buy numismatic instead
Really, really great points. I also love the variety and history behind not only the pre-33 coins but also the world coins. There is just so much to learn and know that is can become overwhelming. Still, I completely get your point and thank you!
I would NEVER sell my gold foreign or domestic for less than spot.
I wouldn’t want to either, for any reason! But I might “trade up” if someone was willing to do a spot for spot deal.
Buffalos are the best looking overall so...
I agree Ytuarte. Good stuff!
what’s weird is Americans who shun non-American coins. The Royal Canadian Mint for example makes much superior coins with better designs and new security features than anything the US Mint puts out. I own some US Eagles but I look for variety.
You will loose a lot on premiums to swap gold for other gold and than you have a far less interesting collection.
I hate to be the bearer of bad news, but one of those Britannia's, 8:30, doesn't look right. I would ping test that. There should be a design in the field behind Britannia.
Stop that. Just stop. Now I have to go through all of my Brits to figure out what you are seeing😰 I’ll sick my Sigma Pro on them.
@@VerticalStacker I’m so sorry! I just wanted to help you out.
Phew! Fortunately my Sigma Pro test is flawless, as is my side-by-side comparison to examples on bullion sites. We’re good!
@@VerticalStacker awesome. 👏 sorry for making you worried!
I would not swap it out. If you sold, you would lose some value, then if you bought US coins, and had to sell them, you would lose again, so you're losing twice on the original purchase.. To me gold is not an investment, it's wealth to be put away. It's worth will shine when the economy goes into a full collapse, and afterwards we will still have our wealth. So I don't want metals to go up in value until everything goes South. I need four more ounces, and waiting for a dip to $1775 that I am not sure will happen any time soon.
Yes I have learned the hard way that waiting for a certain floor in the price can result in waiting a long time. I sold silver at a high and have been waiting to get back in on the low but I think I may have missed a window of opportunity. I really do appreciate your comment and I think you make some very good points.
Man I wish I could afford cold coins but way to far out of my reach but I do have some to trade but I can’t find no one to trade but I’m trying 🐉
Trading can be tricky, particularly when exact numbers can't be reached. It seems one person loses a little and the other gains a little. I think trading off the world gold for the US gold I could stand losing a little.
I don’t have any foreign gold all I have is gold from paydirt and two small gold coins I have always wanted a library and a buffalo but like I said all I can is Trade
@@dracosdragon3808 was the paydirt gold worth getting? Or did it cost you more than the yield?
Sometimes but it’s not get the gold that counts in paydirt it’s the joy of finding it but that gold will be melted into something for my wife
@@dracosdragon3808 oh I get that. The hunt is a lot of fun I'm sure!
Not sure why you worry about losing 20 bucks when selling seeing as you save 30 bucks when buying compared to eagle buffalo.. you aint losing anything, spending more when buying isn't enough to justify an even loss. I'd only buy national for liquid purposes,, personally I think any form is just as easy to shift. Spending more to save less seems backwards.
It’s just the way my brain works. You would not want to live in my head! 🤗
LCS's are outdated. Buy ALL gold and sell to the community. Forget the LCS gangsters...
This worked very well for me for silver. Peer to peer sales, recoup all premiums paid from LCS silver, and then some! When people are wanting to buy, as they are now, there is no reason to sell to an LCS for anything less than the price you want. If they don’t buy it, someone else will. I get the business model though, and it does take some time to find out who the deep pockets are in the community who could give you $50,000 for your stack. I think that’s a big reason why people still go to the LCSs, no games (usually) and they get paid right now.
Where’s my gold GAW?!… 😂
Tempt me!
@@VerticalStacker Tempt Accepted!
I think the best coins are from the country you live in for the most part. A bit boring but......
Yes, I agree. I wish we had more variety for sure.
Always sell private and get more $. Selling to a LCS seems like a rip off.
No kidding. I did really well on silver selling privately. I haven't tried it with gold yet but I don't know why it would be any different.
@@VerticalStacker
Same sold silver last feb and almost felt bad for the premium that I was asking but I undercut the online dealers and sold quickly.
@@fromontario6954 smart!
How much cyanates ester cherry phenol can you throw up? WoW PHAT!!!!! Prolly had to be all opened up and deep in the wilderness, I can't imagine overnight, so chill super bummer it's not chill. I wonder if ppl like this could bump phenol cyan like 1,000's of miles....lol sic.... government should have done it.
I wish I understood what you were saying. :)
ALSO a shop that pays the same for a eagle and a buffalo isnt a shop for me anyway. One is 22k and one is 24k. Not the same purity nor should be same price. Lose that LCS BRO
Sure but, don't both have the same amount of 24k gold in them? It's the additional alloy added to the AGE to make is harder that reduces the purity to 22k, or no? Thought I read that somewhere, which is why the AGE weighs more than a buffalo. Thanks for the comment!
Vertical Staxker is right.... all contain 1 Troy oz. of AG.
@@RR-jk3rl unfortunately not. Different puritys lol
Different yes and the AGE weighs more overall but both have exactly 1 Troy ounce of GOLD! SMH...
@@RR-jk3rl your so lost lol. So 1 oz of 10k gold is just as expensive as 24k.??? Exactly! SMH YOU
Why the f would you sell? The price hasn’t jumped yet. Hold. Wait. Chill. Our day is coming.
Well for the same reasons I sold silver a while back and made a hefty sum. If you buy it right, then you don’t have to wait for a moonshot to convert it and do really well. But here, if I could trade it for US gold and not take a bath doing so I would in a heartbeat. Some coins are just easier to sell than others. Thanks for your comments!