You actually know what you are talking about, thums up, I'm in that industry, so I know the in and out, btw for those who dont know,the premium is calculated by take the price of the product you wanna buy minus the spot price, you get the premium, and also if you want to invest in the actually physical products, it's also better if you get it from a regnonized refiner, I forgot what else I wanted to say, I guess that's it for now :)
Rich DAD poor dad guru Robert say's there is nothing wrong with being poor or rich. But I look better in 3k suit lol, this fongo picked a 300 percent gain when he told you to purchase 11 bucks to $45 3x1%. No other person on CNBC made this good prediction Jim Cramer no did not happen.
The premiums are different everywhere you go when it comes to buying and selling. At least that's what I've found. I would highly recommend storing at bank. Imagine having 10K+ of silver & gold stashed at home? It's a big hassle protecting such an investment of that size.
Hey thanks for the video, it helped a lot. But you know what else you could do? I've been looking around a lot of videos and none explain the actual premiums in percentage that you would pay at the time of buying AND selling in different options like say minted gold coins vs. an actual bar. And also the issue of storing the bullion at home, paying for a safe box at the bank, or the costs of other methods such as opening a gold bullion account in a bank, etc.
This guys giving me advice about creating wealth??? Look at him!!! He looks like a frat boy broadcasting from his mums basement...and hes gonna teach me how to get rich???
I'm not telling you how to get rich. I'm just giving advice on how to preserve your wealth. Silver is $25 an ounce now. When I started investing it was $11. Obviously, some of what I'm saying is right.
Hi, how long should you hold on to them? To buy a physical metal is to convert from fake (paper) money into real money correct? So why should you later sell them back into fake (paper) money? when the "price" goes up? How about holding on to the metal as long as you can hold on to... but still I do not understand how it will do any good holding on to it....
At the moment precious metals are undervalued. You hold onto them until they are undervalued, then use them to trade into an asset that is undervalued. At the moment real estate is overvalued. In a few years, trade your overvalued metals for undervalued real estate. Read Mike Maloney's book 'Guide To Investing In Gold and Silver'. It is excellent.
If you think the US dollar is never going to lose its buying power you can sell your metals back for dollars.
If you are smart enough to understand the US can never pay back its 11 trillion dollar debt and will have to liquidate that debt, you would hang onto gold/silver. Eventually the IMF banks will force this Breton Woods system into bankruptcy and they will create a new gold/silver based money system. That means your metals can be exchanged for the new dollar securing your savings.
They are going to come in handy for power purchasing when the dollar eventually becomes worthless...so to answer your question...hold on to it to you can't hold on anymore...cause essentially it will be the source to purchase
basic resources....its gonna get ugly if your not prepared...get informed...
look up the video....AMERO 2010....browse through the videos...
If the stock market crashes the mining 'stocks' crash with it. It's just paper and everyone is suddenly going to be trying to get rid of all paper,...all at the same time. There will be no buyers of paper.
there is only one problem with buying fractional gold-
let's say that you buy a 1/20th ounce of gold at $95 before premium but then pay a pretty standard $10 premium on it. if you buy 20 of them (total one oz.) then you just paid a $200 premium for that ounce. the lesson here is buy as much as you can in one shot.
Stay away from Monex, Northwestern Mint and kitco!... Silver in hand..... Don't trust bankers, brokers or any other form of help... Even test what Im saying.... PLEASE!..We have all been fooled.... I got out of all PAPER LIES and I trust 2 things..Gods Word and Silver.... Take it for its worth.....The printing presses are running and the ink will run dry!!!.... So sad...times are going to get tough...Build a wall of money and stop trusting paper!
Fongo just wants to play and win the game, making others the losers. Truth be told, the game is ending. We do not buy silver and gold because not because we think the Titanic will not sink, we buy them so stay aboard as long as possible before entering the freezing water.
There are lots of companies online that sell and buy. Monex, Northwestern Mint, also dont forget Ebay - and if you are lucky you can try craig's list and sell locally.
Excellent discussions on the topic, conservative savers need gold and silver. The government around the world are printing paper money to zero value. How else can an individual save for his future but gold and silver.
If you're in debt, buying some gold and silver would be a good idea to pay it off when the price goes up.
Look at a 600 year chart of silver its bizarro, in 1477 it was worth 850 dollars in today's money, its been in like a 600 year bear market. Looks like the nusmatic market isn't going to do as well so stick to junk and bullion.
Coins range from bullion coins, like American Eagles, through numismatic coins, such as antique coins whose value comes as much from rarity as metal value, and "junk" coins, such as pre-1965 US dimes through half dollars. Coins do have a higher premium than bullion, and bullion has a higher premium the smaller the unit/bar.
Silver bars go up to 1,000 oz, cheapest per oz, but are unwieldy, as well as harder to liquidate, and expensive overall...
You can also find silver shot at a very low premium, but it would be very difficult to prove to a buyer that it is actually .9999 fine silver without a physical assay.
In the US, keep in mind that when you sell 1,000 oz (or $1,000 face value of "junk" silver), the dealer has to file a 1099 report with the IRS, which will expect you to pay any capital gains taxes. Silver Eagles are exempt from that.
Current "spot" value (the market price at that moment) determines basic price per oz....
Premium is added on top of that, depending on the form, which helps generate the profit that keeps the dealer in business. Some dealers also charge a commission and handling charges. Look for a dealer that charges a flat price (including premiums) without extra fees. It helps a small investor to look for one that has a small minimum order, like APMEX ($50).
When you decide to sell, the dealer will deduct a premium from the spot price to set a buy price. Simple. =^[.]^=
lol youtube is great though got this linsanity fool telling me how to invest in gold lol stfu hhahahaha
1234thereal 21 hours ago
Would i have to pay taxes on physical gold or silver if i made, say 200% profit?
pipefitters1 1 month ago
Oh yeah I remember now, FYI the reason why ppl would also want to invest in a coin instead of a bar, it's because of the face value on the coin :)
desserts00 3 months ago
You actually know what you are talking about, thums up, I'm in that industry, so I know the in and out, btw for those who dont know,the premium is calculated by take the price of the product you wanna buy minus the spot price, you get the premium, and also if you want to invest in the actually physical products, it's also better if you get it from a regnonized refiner, I forgot what else I wanted to say, I guess that's it for now :)
desserts00 3 months ago
Rich DAD poor dad guru Robert say's there is nothing wrong with being poor or rich. But I look better in 3k suit lol, this fongo picked a 300 percent gain when he told you to purchase 11 bucks to $45 3x1%. No other person on CNBC made this good prediction Jim Cramer no did not happen.
superhawkn 4 months ago
why people are so concerned about paper money when they talk about precious metals ? And yet say paper money is a fake money ...
urkingod 10 months ago
Great video, thanks.
dontknowyoudude 11 months ago
The premiums are different everywhere you go when it comes to buying and selling. At least that's what I've found. I would highly recommend storing at bank. Imagine having 10K+ of silver & gold stashed at home? It's a big hassle protecting such an investment of that size.
FongoBongo 1 year ago
Hey thanks for the video, it helped a lot. But you know what else you could do? I've been looking around a lot of videos and none explain the actual premiums in percentage that you would pay at the time of buying AND selling in different options like say minted gold coins vs. an actual bar. And also the issue of storing the bullion at home, paying for a safe box at the bank, or the costs of other methods such as opening a gold bullion account in a bank, etc.
You know where can I find that info?
sbdem1986 1 year ago
stockniche(dot)com
Great WEBSITE that teaches you how to INVEST, helped me a lot.
grunge65432 1 year ago
Really appreciate you breaking it down to where
I can understand it in a simple way..
I can say I'm more educated on the issue b/c of it...ThAnKS...
diverse1nonly 1 year ago
This guys giving me advice about creating wealth??? Look at him!!! He looks like a frat boy broadcasting from his mums basement...and hes gonna teach me how to get rich???
jpgrygus 1 year ago
@jpgrygus
I'm not telling you how to get rich. I'm just giving advice on how to preserve your wealth. Silver is $25 an ounce now. When I started investing it was $11. Obviously, some of what I'm saying is right.
FongoBongo 1 year ago 3
@jpgrygus
so what?
10years later you will see he is rich and you will be poor.
sott81 1 year ago
This has been flagged as spam show
@jpgrygus You are an ignorant idiot.
chibulls815 1 year ago
Thanks. Your video was very helpful.
sohotron 1 year ago
Where do you actually sell them?
WHIREAS 1 year ago
Who would trade an APPLE FOR A PIECE OF GOLD... when everybody is starving.
This guy has probably invested in gold and is advising evryone to do the same hoping that it will go up
ijathenickman 1 year ago
You could hurt somebody by smacking them upside the head with that silver brick!! lol
Subscribed, good intel.
brown55061 2 years ago
Hi, how long should you hold on to them? To buy a physical metal is to convert from fake (paper) money into real money correct? So why should you later sell them back into fake (paper) money? when the "price" goes up? How about holding on to the metal as long as you can hold on to... but still I do not understand how it will do any good holding on to it....
urkingod 2 years ago
At the moment precious metals are undervalued. You hold onto them until they are undervalued, then use them to trade into an asset that is undervalued. At the moment real estate is overvalued. In a few years, trade your overvalued metals for undervalued real estate. Read Mike Maloney's book 'Guide To Investing In Gold and Silver'. It is excellent.
whygoldandsilver 2 years ago
If you think the US dollar is never going to lose its buying power you can sell your metals back for dollars.
If you are smart enough to understand the US can never pay back its 11 trillion dollar debt and will have to liquidate that debt, you would hang onto gold/silver. Eventually the IMF banks will force this Breton Woods system into bankruptcy and they will create a new gold/silver based money system. That means your metals can be exchanged for the new dollar securing your savings.
brown55061 2 years ago
They are going to come in handy for power purchasing when the dollar eventually becomes worthless...so to answer your question...hold on to it to you can't hold on anymore...cause essentially it will be the source to purchase
basic resources....its gonna get ugly if your not prepared...get informed...
look up the video....AMERO 2010....browse through the videos...
diverse1nonly 1 year ago
Hey, you are a smart guy. Where are you from? I wanna be your friend. hehehe. i am serious.
urkingod 2 years ago
Don't buy mining stocks or ETFs! Remember this simple rule:
If you can't touch it, you don't own it
Don't learn this the hard way
whygoldandsilver 2 years ago
@whygoldandsilver Great tip. :-)
In Japan, everyone is talking about ETF. I do not understand it. NO ONE is investing in physical metal especially SILVER is not available.
urkingod 2 years ago
If the stock market crashes the mining 'stocks' crash with it. It's just paper and everyone is suddenly going to be trying to get rid of all paper,...all at the same time. There will be no buyers of paper.
redcat362 2 years ago
How can I learn to trade minning stocks ??
How much is a minning stock ?
What company, broker or online trading company do I want to buy and sell minning stocks from ?
MUDSWAT 2 years ago
Love your videos, Thanks!
SuperMatt00000 2 years ago 4
When your not buying silver you can still get it for free in the mail, check out my video response
cheeple 2 years ago
that big silver bar i want one damn
mickdick87 2 years ago
Screw silver, how about a gold bar!
IloveSPIDERZ 2 years ago
lol true
mickdick87 2 years ago
there is only one problem with buying fractional gold-
let's say that you buy a 1/20th ounce of gold at $95 before premium but then pay a pretty standard $10 premium on it. if you buy 20 of them (total one oz.) then you just paid a $200 premium for that ounce. the lesson here is buy as much as you can in one shot.
kfrogs13lover 2 years ago
i sure do like the way that silver bar looks :)
also could somebody please tell me the name of some good gold/silver companies
crazyclown003 2 years ago
Great Video!
gete0 2 years ago
Stay away from Monex, Northwestern Mint and kitco!... Silver in hand..... Don't trust bankers, brokers or any other form of help... Even test what Im saying.... PLEASE!..We have all been fooled.... I got out of all PAPER LIES and I trust 2 things..Gods Word and Silver.... Take it for its worth.....The printing presses are running and the ink will run dry!!!.... So sad...times are going to get tough...Build a wall of money and stop trusting paper!
gete0 2 years ago
Fongo just wants to play and win the game, making others the losers. Truth be told, the game is ending. We do not buy silver and gold because not because we think the Titanic will not sink, we buy them so stay aboard as long as possible before entering the freezing water.
askmeif 2 years ago
Comment removed
Wittmann73 2 years ago
if i buy the gold or silver and it goes up.. who do i sell it to?
jigga966 3 years ago
There are lots of companies online that sell and buy. Monex, Northwestern Mint, also dont forget Ebay - and if you are lucky you can try craig's list and sell locally.
frost122585 3 years ago
Comment removed
jigga966 3 years ago
You look like you're going to kill people at a college some where.
MURDERER!
JurkoffJay 3 years ago
dont be stupid, hes canadian....everyone knows the biggest crime ever committed in canada is Celine Dion
truroxstar 3 years ago 5
Tales of Celine Dion and being shaken all night long!!!!
X23109 3 years ago
where is the bird?
Wittmann73 3 years ago
Excellent discussions on the topic, conservative savers need gold and silver. The government around the world are printing paper money to zero value. How else can an individual save for his future but gold and silver.
boots920 3 years ago
If you're in debt, buying some gold and silver would be a good idea to pay it off when the price goes up.
Look at a 600 year chart of silver its bizarro, in 1477 it was worth 850 dollars in today's money, its been in like a 600 year bear market. Looks like the nusmatic market isn't going to do as well so stick to junk and bullion.
boots920 3 years ago
Are these online stores sell to over seas markets?
Alucardthedeadone 3 years ago
your right
aktlc123 3 years ago
I miss your Cockatiel. Put him back on you shoulder in your next video. In fact, put him up there for all your videos. ;-)
superpunchy71 3 years ago
Coins range from bullion coins, like American Eagles, through numismatic coins, such as antique coins whose value comes as much from rarity as metal value, and "junk" coins, such as pre-1965 US dimes through half dollars. Coins do have a higher premium than bullion, and bullion has a higher premium the smaller the unit/bar.
Silver bars go up to 1,000 oz, cheapest per oz, but are unwieldy, as well as harder to liquidate, and expensive overall...
Raycheetah 3 years ago
You can also find silver shot at a very low premium, but it would be very difficult to prove to a buyer that it is actually .9999 fine silver without a physical assay.
In the US, keep in mind that when you sell 1,000 oz (or $1,000 face value of "junk" silver), the dealer has to file a 1099 report with the IRS, which will expect you to pay any capital gains taxes. Silver Eagles are exempt from that.
Current "spot" value (the market price at that moment) determines basic price per oz....
Raycheetah 3 years ago
Premium is added on top of that, depending on the form, which helps generate the profit that keeps the dealer in business. Some dealers also charge a commission and handling charges. Look for a dealer that charges a flat price (including premiums) without extra fees. It helps a small investor to look for one that has a small minimum order, like APMEX ($50).
When you decide to sell, the dealer will deduct a premium from the spot price to set a buy price. Simple. =^[.]^=
Raycheetah 3 years ago