Can You Get Your Premiums Back, When It’s Time to Sell Your Gold?

Video quality	The size	Download

Information Can You Get Your Premiums Back, When It’s Time to Sell Your Gold?

Title	:	Can You Get Your Premiums Back, When It’s Time to Sell Your Gold?
Lasting	:	9.33
Date of publication	:
Views	:	9,2 rb

(Part one)brSaving for One Ounce Gold vs Buying Fractional Gold Each Monthbr youtube/co9mt6umR0YbrbrScenario br1) avg ozbr2) avg fractional 1/10br3) unlucky full oz (always pays highest spot price)br4) lucky fractional (always gets best spot price each month)
Comment from : Silver Heist

So retail needs a 4 move for profits…
Comment from : Luis C

1/10 smallest 1oz the best 1/4 OK 1/2 good !
Comment from : Oleg Petelevitch

Of all the stacker content creators I watch and subscribe to, I do believe that you take the cake when it comes to the overall effort put into your videos Kudos and thank you!! Keep up the outstanding work, my friend
Comment from : Gee Pee

Excellent video
Comment from : arafat bukhari

Good work making the charts brbrEveryone needs to bare in mind, these numbers are in the CURRENT market Who knows what the future looks like It could be better or worse As it is, I think most of us have LCS's that don't pay over spot Mailing in your gold comes with risks, if you go that route to sell it If there comes a time most people are not buying much, you will see much lower buy offerings across the board Right now PM's are hot, and moving fast That isn't going to last forever At some point the market will cool off brbrNo one should be buying metals with the idea of selling it anytime in the near future It's a failsafe for a fiat collapse Metals are not stocks, ETF's, or Crypto While there can be swings in the price, PM's for the most part, are only an inflationary hedge You are not going to "make" money with PM's You are only preserving buying power The premiums you pay at the buy, are your costs of conversion (from fiat to metals) When converting from one currency to another (like dollars to Euro), there is a cost there too, to convert Metals have a much higher conversion cost, so I advise everyone to find the best deals, with the lowest premiums you can find Keep your acquisition costs as low as possible
Comment from : James W

I don’t expect to get my premiums back till gold makes new all time highs
Comment from : Daniel Ruiz

Very well presented, thank you
Comment from : Person930

Really great video, I’m just a little torn because I like the 1oz coin but if I ever needed to sell I have to sell the entire oz vs selling 1 or 2 of the 10th ounces to get what I need Anyway again it was a great video!
Comment from : sophiaazelia

My dealer is paying $220 as of Saturday 2/26/22 and selling them for $230 That may only be for me bc of the relationship I have established with him over the years Still, it’s good to know For comparison he’s paying $1950 for 1oz gold eagles he’s selling them for $2000 Same for buffalos
Comment from : SilverTreasures

Save and get full oz
Comment from : Jay Cotrodeld

Some don't pay back
Comment from : Jay Cotrodeld

Fantastic breakdown Heist! It's definitely beneficial to know when to buy and as you mentioned, to shop around
Comment from : Campbells Coins

Of course you won’t get your premiums back, not unless your mom is your LCS owner That’s the real problem with the premiums of today I think premiums should be NO more than 1-2 As it stands now, you can’t sell back your PM’s for a profit for years What I do is poach people selling to their LCS, I’ll look at what they have and offer a little more than they’ll get from the dealer That way, there’s two happy customers…rather than one How’s that grab everyone?
Comment from : stratcaptain66

Apmex charges almost 50 premium on a 1/10th oz gold eagles and Monument Metals is around 20 Just shop around locally and online for the best deal Don't be afraid of foreign coins I scored 10 1/10th oz Australian lunar tigers for $197 each That's only $5 more than my LCS was charging for a 1oz gold Maple Leaf
Comment from : Richard Contini Jr

I've always had the stance going back to 1976 to buy the gold I can afford when I can versus storing extra cash That has reulted in a mix of full ounce and fractional holdings Very rarely do I sell, but the times I sold any of my Gold, my local LCS always made it so I did better buying and selling the full 1 ounce over the fractional This has proven true in other LCS stores I visited in the NY/NJ/CT tristate area It seems regionally 1 ounces are more sought after But I do recognize that geographic factors indeed play a part of buying and selling activity, and larger clearing houses may mix things up as well no matter their location Great video, thanks for posting!
Comment from : Stack Silver

I've seen people get their premium back on copper bullion products If you're not getting your premium back when you're selling, you need to STOP and rethink what you're doing
Comment from : Silvertarian

Very interesting and helpful The premiums on smaller gold usually scare me away, but I had no idea the premiums buying them back were nearly the same! Thanks for contributing to the stacker community and keep making great videos like this one🙂
Comment from : Caleb Timbs

Wow Double scenario, very thorough Thanks for doing all the research and sharing I smashed it
Comment from : John W

Interesante vídeo amigo preciosas monedas buena inversión gracias por compartir un abrazo buenas tardes 👏👏👍👌
Comment from : Roberto Pérez Catalán

The lcs that the Florida Stacker interviews pays over spot (at least at the time of the recording) for fractional gold eagles
Comment from : Invisible Stacker

I love all this information you provide, especially with all the chart comparisons, but what I really 💕 love is looking (gawking) at those beautiful Gold Coins I don’t take mine out very often, so I have to get my fix, and inspiration, from watching all the Gold videos like this one Thank you for sharing, and inspiring
Comment from : Victor Frankenstein

Depends on what you buy and where you buy it I only buy 1 oz gold and I line in the US so I buy Buffalo's and AGE's If I were to sell today I would get over spot for them
Comment from : larry joe

Some more great research my friend A great compliment to your other video on this subject! Well done!
Comment from : SalivateMetal

Simple More gold for less price on the 1oz
Comment from : Jon Runyan

Their buy back price is darn near what I've paid for the majority of 10th ounce gold coins In my book that's a good thing Should spot rise I'm also up from here on out Sort of shocked actually that they have them this high
Comment from : Silver Steeler

Either way, stackers are ahead of the game Rock on and stack on Professor
Comment from : Cache Katz

You certainly do over deliver Heist! Thank you for always keeping to your high standards! I buy fractional because that’s what I can afford and I am a terrible saver of cash I do however, love to save my silver and gold!
Comment from : T the Silver Stacker

I don't know what I would do if you didn't make videos I'm addicted Thank you sir Have a great weekend Awesomeness!
Comment from : Cash and Coins

Back to the roots and to the chalkboard, highly informative, thanks for sharing, Robert brThe basic question is: is the average consumer in Europe and America able to buy a full oz of gold ? The correct answer is NO, because 70/80 of the guys on both sides of the pond are living from paycheck to paycheck and got only very few savings That´s the sad reality of the "Rich Western World" of today Greets from GER, U
Comment from : Uwe Adamski

Thanks for breaking it all down Key takeaway from this, "Always Shop Around" buying or selling PMs!
Comment from : Rick Gee Profit Coins!

used to be able to, not anymore
Comment from : Cantankerous Chris

Love it when you bring out the chalkboard and show us "the receipts" So informative and entertaining!
Comment from : Tom Finds Treasure

This was a lot of work and it's also very informative I really appreciate the breakdown on the chalkboard! In general I don't want to ever sell my gold or silver but that hasn't always been reality in my life It's good to know what the best place to go with what you have is Thank you!
Comment from : QuickSilver

I can only really do 10ths or 1/4s so I buy what I can I tend to spend saved cash Never my money
Comment from : CanadianStacker

Sorry I’m late! Shoveling snow❄️☃️🥶
Comment from : Origami Outlaww

Me: I have a plan and I will stick to it 😤 brbrAlso Me: This is not a part of the plan but I will buy it anyway 🤪
Comment from : King Magpie

If you think you can’t afford a full ounce, you absolutely can’t afford to be wasting money on 1/10th premiums Be patient and disciplined and save for the ounce
Comment from : geifsanderson

Great breakdown Frac is the 🐐
Comment from : Trident

I'm surprised Nice work
Comment from : Love Button

The best time to sell is when gold rises $500 to $1000 above what you bought it for I don't know about the US but in Canada you are taxed when you sell your gold The tax can be quite substantial depending on the amount you got from selling your gold I know I paid at least $3,000 more in taxes when I sold $20,000 of gold You can get your premiums back but you are being dinged for taxes
Comment from : Gold Maple

@Silver Heist, Always enlightening topics Thank you for your time and research in your videos
Comment from : Cents of humor

Great info for sure
Comment from : Steve AU/AG

My momma told me you better shop around lolAnother great Job SHmaking it plain to see what's what
Comment from : mel man

#81
Comment from : mel man

Coin shops should base prices on fractional gold on what one had to pay and how much they're going to sell that particular coin
Comment from : 🐲 My Kitten Is A Grand Master 🐉

I’m a full oz stacker but I do buy and stack fractional as well 😎👍🏻 hey GOLD IS UP 🤩 $1,900+ baby haha
Comment from : Patriotic stacker

Nicely put together Silver Heist!! Thanks for the info and analysis LMK if you ever want to collaborate on some data analysis for the PMs market happy to help
Comment from : David Haas

Great research Professor Heist 👍👍
Comment from : Bullion Addict

Interesting Good to know provident actually pays pretty good Great video
Comment from : B²

What's your thoughts on the Kangaroo Nugget 1/10 oz and fair price for them now I have 1/10 Eagle's but not as many as I do have of the Kangaroos
Comment from : IM CIR GOLD

Cheers
Comment from : K C T

Surprising results
Comment from : B R Williams

Nobody is gonna get my 1/10's for $204 I'll set on them till I die and pass them down !!
Comment from : IM CIR GOLD

Good looking out, Heist! It's important to shop around when you buy, and just as important to shop around when you sell 🍻
Comment from : Silver Forever

I've done quite a bit of buying and selling metals hence (Hustlin) my LCS pays more for fractional vs the 1oz as his sales base is broader and he moves way more if them I guess it's also subjective ton what each has payed? Preesh
Comment from : SilverHustlin13

LOL, of course you will, unless you are thinking gold is going down in value Stick with fractional gold, when gold moves much higher it is simply more liquid to cash out The current the demand for 1/10 oz gold Eagles is through the roof
Comment from : Kevin W

Fractional gold should improve resale value, it would be cool if fractional coins became the favorite gold bullion Fractional has all the characteristics to become a best serller
Comment from : Lobo Plateado Stacker

🙂 🍿 👍
Comment from : Dont ask

What gold???
Comment from : Donald in New Mexico

My comment is pre video release, but because of the high premiums, i’m not into fractionals Gold prices would have to skyrocket to recover the premium I can see the argument that if the SHTF you want smaller denominations to barter with, but I have silver eagles for that, that I bought for a much lower premium in 2014 My logic may be flawed, but without advanced knowledge of the future, who knows what the right decision might bebrbrThinking about it a little more …… maybe the first question should be; why are you buying gold? What is your objective? Maybe that helps shape your strategy My buddy that I bought silver with in 2014 asked if it’s time to sell since we can make a nice profit The problem is, what do you do with the cash that you’ll get, that is depreciating by 7
Comment from : Stuart Stuart

No, never People lose when they buy and sell The only time people really made Federal Reserve notes is if the bought metals in the 80s and 90s
Comment from : Billy Bob