How To Sell Your Gold

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Information How To Sell Your Gold

Title	:	How To Sell Your Gold
Lasting	:	11.10
Date of publication	:
Views	:	38 rb

Trouble is most of us starting out can only buy high, I could not buy 5 and 10 years ago because I had no money until now
Comment from : J S

As of Oct 10, 2022, kitco's buy back is paying $25 under spot lower that spot for ML, others a few dollars lower
Comment from : Go4it

Great video! brCan someone explain why it’s better to have gold vs cash in the bank? brScenario: person 1 has 50k in savings vs person 2 who has 50k in gold Person 1 can use that cash for a down payment on a home or business investment vs the person with 50k gold has to find a buyer, sell, pay tax on profit and wait for transfer?brI constantly hear “have hard physical assets like gold and silver”but I don’t fully understand WHYbrI can’t pay for my bills or grocery’s in gold brIs it more of a buy and hold for price to go up while hoping I’m paid a fair price and not taxed beyond what the loss of my dollars would have been in the bank (due to inflation and 0000001 interest on savings)
Comment from : Doobs

Every financial goal requires patience, dedication and consistent spirit knowing that investment is currently the most lucrative business in the world both NFT, real estate, Gold and Crypto is positively changing people's lives I stopped panicking about the market the very moment I started working with Archie Wyatt last year, his confidence and skills is on a maximum level on (Bitcoin trading)
Comment from : Lucas Hudson

I have a tip: Don't waste dealers' time with long-winded questions
Comment from : lpandy21

👏
Comment from : Jake Kresh

Cowboy lets buy some more fysiek 👏👏
Comment from : Jake Kresh

Buy low, sell high My man! Hopefully gold tanks again 💰!!!!!
Comment from : Reidlos Cidem

They're making it very obvious that the power players and the power bankers are firmly in control of us
Comment from : Goldeneye70

Timing is everything Some good advice on how to sell
Comment from : SalivateMetal

Love the info and love the intro as always!!!
Comment from : Dave Sperfslage

Sell the precious no no no never Love Gollum
Comment from : David Martin

Sell??? Resounding No If your viewers aren't ready to go all in soon, they're missing the point Even if gold moves down another $100/ounce, there is a relief rally in there If holds, going to 2500-2700 If sells off to 1300, just more room to run to new high
Comment from : Pierre Clifton

Thank you for this information, sir Just a tip if you have the money: you can get a better premium spread if you buy a lot of gold at one time, so when you sell you'll be closer to the premium you paid when you bought it Shop around and don't be afraid to negotiate the premium if possible
Comment from : audiophile man

Sell????brNobrTrade???brSurebrTaxes
Comment from : Joey Boedeker

Buy low and sell high (if you are going to sell)! I will leave the important sell info with my kiddos
Comment from : 72cmcinc

I would say that Gov confiscation would be a good and a bad reason to sell If your a Trump supporter, the IRS will rob you
Comment from : Michael Smith

It would be dumb to sell now But yes 1350 incoming Silver is the better buy
Comment from : Sean Tyler

Private BuyerYet, I'm not going to let it go for less than I paid; and at the current Sellers PricesNot the Pawn Shop, or Dealers who are profit minded
Comment from : Greg Demeter

I tell you what I want to know where do you get your sound check for all your videos I kind of dig your tunes bro I like your style
Comment from : Joseph Alvarez

I'd you knew when low was low and high was high you'd have infinite money buddy Easy in Theory, but tbh you're as clueless as the rest
Comment from : BP23

You really shouldn’t be using the ‘buy low, sell high’ strategy for gold There are many other asset classes that are a lot better to do that with than gold Gold should never be bought as a trade It’s a reliable store of value no matter what Don’t look at it as gold going up or down Look at it as the fiat dollar fluctuating in its worth brGold is a life insurance policy for if/when the whole system starts to fall apart It’s a policy you hope you’ll never need to cash out…because if you do it means we’re in the midst of some macroeconomic disaster brYou’re just throwing away a lot of money in premiums every time you trade it
Comment from : Daniel Sobotka

Oof Every asset stinks right now I'd imagine dealers will offer spot or below to try to scalp desperate overleveraged people right now
Comment from : Rod Salvador

I'm commenting before I watch a video which I rarely do However I've been buying gold lately as all these other countries are converting to a gold standard and pulling away from the US dollar After I watch this video I may come back and edit my comment to see if I'm wrong or right
Comment from : lobbyrobby

Ain't gonna sell for 25 years!!!!
Comment from : Star Gazer

I frequently sell on Reddit As a seller I take minimal risk I have bought a few coins and tend to stick to sellers with a good rep It really works a lot better than what you might think and you tend to get more than what the LCS will offer
Comment from : joe b

Always some clear perspective 👍
Comment from : MM Patriot

Anybody selling gold right now would have to be insane or an idiot and not really sure why this video was posted with even talking bout selling right now!!!
Comment from : Juan Carlos Tapia

I don't plan to sell my gold anytime soon My plan is to hold it till my retirement That's my goal
Comment from : Laura Bell

I'll sell when people are using dollars for toilet paper
Comment from : Sketchypoodle

A few weeks ago a neighbor of mine had a 1 oz gold eagle she wanted to sell She called a local dealer and he offered her $4000 BELOW spot I couldn't believe it Playing dumb, I called the dealer a few hours later Yep, $4000 below spot for an American gold eagle I told him I also had a 1 oz gold Krugerand Same offer, $4000 below spot
Comment from : texman81

Gold will go over 1700, why should we sell
Comment from : Goldeneye70

GOOD INFO BRO, ENJOY YOUR' VIDEOS
Comment from : Pirate Stacker

I'm going to put this on a couple different channels and see if this gets noticed We talk about Eagles and how high premiums are Can we talk a little bit about how incredibly pore Mexico 🇲🇽 is and how much people are paying for Libertad coins! Maybe I'm not seeing the big picture?
Comment from : Keith B

How about that $50 face value on those new coins
Comment from : apal68

I won't sellI am going to barder my Coins vs houses, boatsmaybe countries, when the time comes brSell it? Maybe at 10Kbut who wants that kind of money, when Gold costs 10K?
Comment from : Sven Hinrichsen

Great info thanks
Comment from : Memorabilia Madness M&M

I sold 2 1 oz gold eagles to my lcs who happens to be Tim on yankee's channel Got slightly higher than 2 over spot all in cash no receipt brbrFew
Comment from : Thomas Crown

When I buy, the thought of when I sale is always on my mind I'm in it for the long run but I feel like it's important to understand what "when I sale" is going to look like Everything you said 👍!
Comment from : Rick Gee Profit Coins!

Luckily I've never been in a position where I have had to sell and just accumulatd over the last 5 years or so I am planning to use it as my retirement plan or for a hefty deposit on a house should there be a 30 plus correction, (downwards!!!) in the next couple of years I'm still waiting for that big drop in Gold to add a fair few onces to the collection and starting to fret a little, as I have more money in the bank than I would like at this time and have that feeling that I may wake up one morning and find that they have nicked it allyikes!!!! 🤑
Comment from : David James

Between Investors and Trader there is a genetic difference, in that an Investor per definition never engage in speculative short term gains rather looks at the Fungibility aspectbrTraders are also of different varieties from Gamblers to Game players in between few contemplative serious players brTherefore it is important that instead of a generalized presentation the topic must cover & address specific target audience rather than a generic "Thumb Nail"
Comment from : Nafis Huda

Currently at 21k likesbr2 is 1brBuy low, sell highbrexactly, so I'll hold my divisible half ounce I may buy more soon
Comment from : John Morgan

I'm fortunate enough to be a short ride from NYC diamond district Most the dealers there are scummy but a plethora exist and I can unload as much as I want Granted I won't make every dollar I could, but I never really expected I would My time is worth far more than a few extra bucks a oz
Comment from : Ok, Groomer

You take care as well
Comment from : ClayTheKilla

I keep my gold and silver in 'The Vault' at The Royal Mint I can just press the sell button and get the money in a few hours Lucky me Don't think the Mint is going to go bust A busted Mint will mean societal breakdown I'll just be wanting food and water if that happens
Comment from : Brian Buchanan

Keep in mind that Morgan and Peace dollars are excluded from 90 Constitutional Silver and carry ABSOLUTELY NO reporting requirements, even if you exceed $1,000 face value
Comment from : veritasfiles

NEVER GO TO A PAWN SHOP TO SELL YOUR GOLD UNLESS YOUR DESPERATE!!!
Comment from : Grant Hill

Theres differant tiers on coins Like an Eagle is tier one compared to a Panda thats a tier three Always try to do your business locally so you can form a relationship Like a coin dealer I know, he said if theres ever a run on selling or buying and he has a line 2 blocks long, he said he's just going to go out and walk it and pick out the people he knows or remembers in his shop from an earlier time Does'nt sound fair, but that will be the reality of it
Comment from : Grant Hill

NOT SELLING HIGH FOR FIAT CURRENCIES!!!
Comment from : Grant Hill

I'd rather buy now and keep my savings in a great value for future Keeping money in the savings account is not an option to benefit unless I have a plan to make a larger purchase like house, business, car etc
Comment from : Naveed Qallash

b**QUESTION**/bbrbrbrIf gold/silver goes up due to cash/ money being relatively horrible in terms of buying power ( milk 8 dollars a gallon, 5 bucks a gallon of gas) brWhy sell for cash? Wouldn’t one want to hold psychical if cash is becoming less value? I always hear “ when gold goes up I’ll sell” brYet that means the market is messed up and cash is less, physical metals being more valuable
Comment from : Mr Florida

Never selling gold for paper, spot has NOTHING to do with anything because DXY is going bye bye! Of course the zio bankers want you to sell, so they can take your gold for monopoly money they made out of thin air Metals, lead, long term food, prep time Fiat will flatline, just a matter of time You buy gold when it's low, you buy it when the price is high, you never sell unless you absolutely need money to buy things, but you can buy things with silver and gold right now The black market is bigger than the market you know You just have to know how to navigate
Comment from : Goldeneye70

90 of people on this channel are unlikely to have $10k in PMs, honestly If someone is selling $10k in a month, there must be some serious desperation going on! Perhaps I may be the only blue collar worker here, though
Comment from : Cairpre Liffechair

Don't keep all your eaggs in one basket as the old saying goes
Comment from : JAMEZANDRADE

I wanted to buy a 1oz Chinese Panda but nothing available I tried to get an gold eagle but nothingbrThe only thing available was bars witch I don't like as muchbrEverything was gone right after the price dropped under $1700
Comment from : dont get mad

this is a how to sell not a when to sell video smh
Comment from : RyanBaileyBoxing

Sell it for what tho? Thought precious metals ARE REAL moneyso the idea is to own them, because one day (maybe soon) USD may lose a lot of buying power
Comment from : Ryan Guilbert

Gold is bizarre, whatever it does seems reasonable, there is pressure both ways I am bullish on it, but my confidence is not high anymorebrbrWish there was a high volume dealer that just takes a reasonable profit and keeps it moving None near me though :(
Comment from : Delta Lima

Good advice
Comment from : SUPAKARROOOOOOOM

I confused by the message of this video Are you trying to predict sky-high prices great for selling? Or rock bottom prices to liquidate before they become worthless? brbrOr some other message/purpose all together?
Comment from : Karl

Makes me feel like I should just focus on AGE and Buffalos, I'd hate to get offered below spot
Comment from : kokeoke

I would not buy physical if you are thinking of flipping Thats slv Physical is more of an emergency bank account Also like the bottom in 2015 or so it essential rose after that I expect the same this time Might overshoot and get to the 130000s but I will be watching closely for buying at 1500 and under if possible
Comment from : Sam Erewhon

$1500 ideal before reversal $800 possible by 2040 ish if no support Low risk, but it's there
Comment from : Mississippi Son

I've bought all my silver/gold on Ebay over that past 2 years Many think it's a scam, but you just have to find trusted sellers Easy as that
Comment from : Torren Parker

I SOLD MY FIRST COIN EVER! Accually 19 of them after 9 years of stacking and had a horrible experience! What did I do wrong? In 2014 I bought 20 of the RCM 5-9's Call of the Wild (howling Wolf) 1 oz Gold Coins Had not touched them or thier Assay until I decised to sell them a number of weeks ago They were in PERFECT condition Called SD Bullion, agreed on a price, packaged each indivisually in protective wrap and shipped insured per the instructions All went very smooth They recieved them on a Tusday, I gave them a few days to review On Thursday called and asked where was my credit? Said I'd have it in the morning Didn't happen, Called Monday - repeat When I called again the next day they said there was an issue and that the coins (Assay) were scratched and that they were discounting each coin $40 x 19 coins I was not true as I am rediculaous about prtection Is this a common tactic of SD or other major bullion folks when selling? Unfortunatly I have no local deallers around me, just pawn shops and I am not feeling good about that Anyone got any advice? What could I have done different?
Comment from : BDW

No sell here! For the last 15 years only buy!
Comment from : B&K Enterprise

Gold price will go lower, interest rates are going higher around the world
Comment from : Elie Saikaly

You would think Gold Britannia the new ones would be worth more and liquid with the security lock
Comment from : Robert M

Thank you for the informative video This has been on my mind due to some forthcoming expenses This is such a reminder to watch those premiums Best wishes to all!
Comment from : Michael McCoy

How to sell gold is more interesting than how to buy gold
Comment from : AK

Why is buy low sell high so hard for people to understand? Bottom for gold $ 1,65000 IMObrGreat video!
Comment from : The Hoff

I cant wait until the price drops significantlyits on sale buy significantly!
Comment from : Pineal Gland

Wait and see what prices are like when Comex and LBMA run out, that's approx mid 2023, just a few months away
Comment from : Merlin

When you say “selling in volume,” are you saying we should throw open the dealer’s door and scream “I’VE GOT GOLD TO SELL!!!!!”?brbr…brbrSorry, I’ll let myself out #DadJokesbrbrDisregarding my terrible joke, I really appreciated the content of this video Your experience is invaluable when it comes to PMs Even though I have no intention of selling any of my stacks (yes, ever), I still like knowing what I need to be aware of brbrAs always, thanks for the video! 😊
Comment from : Get Irked

Great content Thank you A lot to think about 👍
Comment from : Noicue

Have not sold a single oz of silver or gold but am looking at that so I can advise my heirs about selling when the time comes for it I would only sellbrsilver and gold if the price was a major advantage to me AND I had a strong need for some cash Otherwise, my stack is my last line of financialbrdefense and I will not part with it lightly When, not if, hard times come I want to have as many options as possible, so I also stack some cash forbrthe time when it will still be accepted Fiat paper is made to spend, not to save In order to save the work product that we all give up to earn fiatbrcurrency, some other form of wealth is needed to hold it and keep it safe from inflation PMs and land are both pretty good for that Nothing isbrperfect because we do not know what the exact circumstances will be in the futurebrbrGood video and one that we all need to think about going forward At some point, it will be to our advantage to sell some of our stacksbrDoing that for substantial financial or physical advantage should be the watchword for all of us who stack I like that the video laid outbrsome possible options for selling, such as local coin shop, online PM vendor, coin show vendors, and private buyers I tend to steer awaybrfrom the private buyers and towards the local shops, coin show vendors, and online retailers and in this order of choice No way am Ibrgonna meet someone from Craigslist to "sell" him anything of substantial value I can see such deals going terribly badly and just don'tbrneed to get wrapped up in something like that at any price
Comment from : Ed B

Traded some silver for a road king oh h!! Yeah
Comment from : Mr Grimes

Buy from Lowell, and sell to Hy?
Comment from : jeffeverde1

In Canada you can sell to a bank - TD Bank, for example They will likely pay less than your LCS but the money goes directly into your account with no holds Is that a thing in the States?brbrGood content BTW!
Comment from : taishoku14

Right now, the strength of the dollar is tied in with gas and oil As long as oil prices are high and paid in petro dollars, metals will stay depressed
Comment from : Gigi B

Cool video I hate selling my gold ! Let's keep stacking 2 is 1 My LCS the bullion bank in Virginia they always take great care of me the owner art is the Man!
Comment from : Michael Hatzinikolis

Any chance you asked the coin shops what they’d pay you for your sweet reverse proof double eagle? (I know you’d likely never sell it, but nice to know anyway)
Comment from : Rick

The Royal Canadian Mint 1 oz I own is not selling anymore in the local dealer I frequent I'm going to need to check out the other shops nearby, see what price they're offering IF they have them
Comment from : Allen Arrows

Great video as always with solid advice I won't be selling anytime soon When I do if and when I do it will probably be through the community
Comment from : B²

I'm holding for the duration Well unless gold goes insanely highlol
Comment from : Shelley Kennedy

Behavioral financing has been studied for decades now Results? We tend to make our decisions based on emotion rather than mathematics Shocking, I know Bottom line: The psychology says (and our actions) demonstrate, that (most) of us move as a herd Herd Behavior is a real thing and commonly called Fear Of Missing Out Yes, that is real thing for many investors in Crypto, Gold, Stocks, etc, etc, Selling low is a tough way to make any $$ Ask me how I know ;-)
Comment from : James Velvet