WHY TO STAY AWAY FROM BUYING GOLD COINS!

[Cosmoline]

There are currently FIFTEEN TRILLION reasons not to hold cash. 

[nazifdaniel]

i look candle chart of gold this guy wrong gold since 2008 consistencly rise up now at 1700 perounce silver now 33 per ounce and its continiously rise drop down a bit for while for correction only

[HerosComment]

after viewing this video, I still don't know why I shouldn't buy gold coins.

[ALPHATHEAWESOME]

at about 2:20 did u say "silver eagle"?

[Radmann916]

people don't buy 100K worth in one shot, you invest in gold by buying a little here and a little there so even if after 10 years the price drops you're still ahead. Nothing beats gold, I will pay every paper bill I can find in exchange for some gold. Gold isn't to MAKE money, you buy gold to keep the value of your money. I started my gold collection 15 years ago and now I can retire at 35 y.o. lol

[Tzstep]

if it's 8 bucks an ounce-buy! if it's 50 bucks an ounce-buy! buy up, buy down! sell your garbage, sell your blood, just buy!

[Keemm89]

I bought Johnson Matthey gold bullions and... I was playing with it and it got bent!?!?!

is my gold fake!?!?

[vascidcorp]

@Keemm89

pure gold is soft. You can dent it with your thumbnail. All of those images you see where people are biting gold are testing it to see if it indents. Of course, gold plated lead will indent as well, but the plate sheds at that point as well. So, your bullion is likely pure and good.

[Keemm89]

@vascidcorp wow thank you!!!! xD huge relief!!!

[ovechkin100]

omgggg!! if silver went down to $8 i would sell everything and live in a card board box on the street so i could get as much silver as possible : D!!

[MrNopehaha]

If you bought an ounce of Gold at the time of this video it would've been worth $1198.59, The price today is 1738.40 for a profit of $539.81

This guy just simply is pushing people to sell scrap so he makes all the money.

[ArtisanThree]

@MrNopehaha The thing to keep in mind here is that these guys have their "buying money" that they need to turn a profit on relatively quickly to maintain operating capital. They can't typically buy gold to leave lying around for over a year to hopefully sell at a higher margin. Likewise, the seller could've held the gold a year and sold it based on today's prices for more money. It's all part of the risk that both the seller and the buyer take when they buy or sell in a fluctuating market.

[ScrapGoldBusiness]

@ArtisanThree

I WOULD LIKE TO KEEP ALL THE SILVER AND GOLD I BUY BUT I CANT AFFORD IT.

GREG

[girlie347]

@MrNopehaha also gold was almost $1900 summer 2011 and then dropped to $1550 late 2011. The gold has been going up because of the euro crisis, which is almost over. When its over gold might drop to $1200

Besides, buying gold because of stories of an economical armageddon is foolish. Why invest because of something that has a 0.00001% chance of happening ? That's foolish.

[MrNopehaha]

@girlie347 I like how you can make up your own figures out of thin air, you should work for the central bank. 0.00001 rofl!

[HerosComment]

@girlie347 oh its gonna happen, the question is "when?".



[CollectingSilver]

In MY opinion Silver will cost way more than gold. Plus its WAY to expensive to invest in gold where silver is cheap yet its growing. Looks like no brainer to me, but we all might be wrong.

[razer878]

gold for 10 years or more, and now its to expensive wait for under 1000€

[pipefitters1]

Are gold american eagles .9999 like canadian maple leafs? if not is it a big deal?

[joschuze9]

I think just wanted to show off his gold collection. Is that a gold watch ur wearing also?

[ScrapGoldExpert]

They can be very profitable. The most money I ever made on a single coin was a slabbed 1804 $5 classic MS68 But then again, I held the coin for about 8yrs.

[ScrapGoldBusiness]

@ScrapGoldExpert

HOW MUCH DID YOU MAKE MARTIN?

HAPPY NEW YEAR!

GREG

[ScrapGoldExpert]

@ScrapGoldBusiness It bee so long ago ; after I wrote that I started thinking was it 1804 / 06 /07 / 09 and I couldn't recall 1807 I think, and dont recall if it was a 5 or a $10 . Gettin old sucks.... As I recall I paid $950. and sold it for $3,985.

Good to hear from you. Wish I was in AZ. Be safe friend.

[ListWritingMachine]

@ScrapGoldBusiness Your talking to yourself?

[ScrapGoldExpert]

Some I buy, many I just broker for $15. ea . Gold coins were a lot more fun at spot $400.

[AHrudyNowYaSudy]

the dollar and the euro is gonna die, so its better to have gold and silver to convert to the whatever new currency is made, they can drop the prices back to 250/350 an ounce for gold and whatever it was for silver, the point is better to end up with something than lose all your money by not buying gold/silver, what sense does it make to keep all your shitty euros or dollars and end up pennyless, there is no bad reason to buy gold or silver only good.

[ScrapGoldBusiness]

@AHrudyNowYaSudy

AMEN BROTHER!!

GREG

[NewYorkOlympians]

@AHrudyNowYaSudy shhhh dont tell the sheep, worry about yourself, haha

[NsanityIslandProject]

@AHrudyNowYaSudy New Currency : Amero

[MrLivePositive8]

@AHrudyNowYaSudy Yes, exactly and absolutely the truth.

[superhawkn]

What a dumb ass you just taped on them there not MS nothn now

[JPMorganSuckBalls]

My quote: Silver is better then Gold, i don't worry about prices for Gold and Silver. The Ratio will be 25:1 or better with $1800-$1900 Gold. that will be about around $70-$80 silver. But because fatass banksters knows about it, they will screw the prices and trying to force people to Sell. DON'T SELL!!! A silver crash is a good thing because of the buying. 'Silver is the NEW Gold'!

[tunnelportterror]

total bs- gold was $1200 when he made the video, now it's $1600

gold went UP 35% !!!

what did stock market etc. do ?

[qwertyaderp]

watch out some can be chocolate

[LuckyThirteen08]

Me personally, I think its pretty damn funny,Thats what you greedy bastards get,Pawning ppls wedding bands and melting down for gold because they cant afford to pick them up,serves your greedy asses right IMPO!

[tranceemerson]

when yo usaid you were caught off guard from the collapse in 2008, I am wondering why I should even listen to you. I knew this was coming in 2004.

[sh7de]

I don't know about the US but I wouldn't recommend buying coins on eBay or even online for that matter in the UK because you'd be paying premium for them especially silver ones (these bastards would charge up to 80% over spot for them, and that's excluding p&p).

So jealous of you yanks if you could ask for ANYTHING below spot.

[GonG108]

gold is above 1700 $

[willZhatesU]

Gold ALWAYS rises, PROOF LOOK AT CHARTS!!!!!

THEIRS ONLY SO MUCH SLIVER AND GOLD IN THE WORLD!

BEING THAT, PRICES WILL ONLY GO UP!

[williamjpiano]

The reason gold fell after the financial crisis was because government started selling the gold it hoarded to discourage the use of gold as monetary standard

[ezra106]

@williamjpiano Thats rubbish. Theres so many gold/silver idiots like you on youtube who spread misinformation in the gold and silver market.

It fell because people sold gold to cover losses on other trades. Shortage of dollars.

[pawel3003]

what if next year doing shopping you'll need to spend $500 instead of $100 today for the same amount of food?

what about $1000 instead $100?

and every week would get worse and worse?

[mankyman6]

I'm not sure if this is an equal to 2008, but silver and gold just took a big plummet.

[biasa199]

Take a chance. What if October 2008 DOESN'T happen?

[999klondike]

You can't compare the market collapse and realstate collapse with a "gold bubble". It all comes down to - if you think the economy will get better than stay away from gold. if you think it will remain stagnant or get worse - than invest in gold.

[NibiruLives]

Greg, how can the excited sellers find the single honest gold buyer in their zip code area? Is there a list they can consult to locate him? and if so, why isn't it advertised here in your Utube videos? I was planning to sign-up for your gold-buying university course, but I'm not sure it would give me an edge over other buyers in my area. It would be nice to receive some advertising support from you so the customers could find me.

But nice videos anyway...

[masterpatric07]

you can not eat gold,right,but if you are smart ,you should not stay in america for when everything collapses,and then you cash your assets in a foreign country where food is real and the cost of living is way cheaper and live like a king,but americans are pussies think the world is all war and against them.open your eyes

[clearasvodka]

@masterpatric07 True, you cannot eat gold but you cannot eat paper money either. Consider that you can trade your gold in for any currency or trade for items you need in every single country in the world. If you are in anything other than precious metals right now you should have your head examined. Gold is the ONLY real money. And gold + silver have outperformed every single assets class out there since 2000.

[TumisHumis]

@masterpatric07 America isn't going to be the epicenter of collapse. The Euro will fail before the Dollar, and if and when the dollar fails, we have a global economic meltdown in which NO fiat currency will be worth more than the toiletpaper it is printed on. Farm Land, Food, Guns/Ammo, Water, and Precious Metals are the only things that will protect your wealth, and last time I checked, America is the best place to obtain all of these!

[ilovecoins611]

@masterpatric07 You are an idiot.

[ilikegoldandsilver2]

Here's a thought, put your money in a savings account and you are guaranteed to lose 3% of your money each year. If you listened to this guy, you have missed out on huge gains. I purchased 2009 Ultra High Reliefs, several of them for less than $1,400. Now they are valued at $3,000 to $7,000 each. Hmmm, listen to this guy.

[whatacrank]

do you have a ebay page

[whatacrank]

Why are you shouting at me like someone is forcing you to tell us this lol

[canguy22]

aren't gold and silver coins less risky to invest in ? if silver went down to 15 dollars an ounce MS morgan dollars would still be worth over 30 dollars each. 100 year old gold coins have more value too. bullion is great but eventually the rarity and collectibility of the coins is going to give them a higher premium.

[korzon]

You cant eat gold thats why in bad times it goes down the bartering increases in extreme curcumstances.Food and bullets will be a good investment more likely in the extreme poverty state.

[sweettooth80]

nice rings. and the bufflo coin commercals are they gold plated coins?

[JP5466]

I bought lots of silver at $8, 10 and 12. Now it's almost $30. I sleep well at night.

[xmenrus]

I see silver and gold moving up and down. I've heard Morgan Stanley with the Federal Reserve and Treasury dept. are manipulating the prices. The only value I see for collecting precious metals is if there is a total collapse of the economy and no one will accept paper money as in Zimbawe today. People are going to the hills to find for gold nuggets to buy food.

[xingchentes]

Kruggerand is 33.93 grams not 31.9

[ScrapGoldBusiness]

@xingchentes

Brain fade...

Thanks!

[clearasvodka]

@ScrapGoldBusiness Buy fractional gold coins. 1/4, 1/10 and even 1/20. Guess what brother, gold just broke through $1,700 per ounce. Silver at $40. Anyone with half a brain is in gold and silver right now. Coins, bullion, ETF, shares - whatever. Even at high premiums it is a better investment than anything out there right now. We will break through $2,000 per ounce this year. IT DOESN"T MATTER IF IT IS CERTIFIED OR ROUNDS. THE IMPORTANT POINT IS TO GET IN. YOU PROFIT REGARDLESS...

[Mr2wings]

But silver at $8.00 I tried and noone was selling at $8.00

[odin422]

Gold went down 30%.......stocks went down 40-50% do the math, buy the DIPS!

[raymintboy]

greg,great learning video,how can i test those gold coins,without acid & such?? can you help me with thatthanks ray !!

[ScrapGoldBusiness]

@raymintboy

Thats a great question!

If one of my students at SGBS cn post this question to the student forums I will address it. One false move and your out thousands and thousands of dollars!

Better know what your doing. Visit Scrap Gold Business School.com and learn how to avoid these mistakes!

[treb1986]

@ScrapGoldBusiness

There a certain small measuring devices to weigh, and measure a given coin, like maple leaf etc.

[ilikegoldandsilver2]

LOL, check out the rings this guy has on. Just a little overboard on the gold my friend.

[ilikegoldandsilver2]

Yep, always go off what the little old lady tells you!

[jb03hf]

@raymintboy There is electrical test units which can do the test without acid. Most of them run about 80-100$. Gold at each kt level has a different eletrical conductivity.

For coins it becomes easier if you know the dimensions (thickness and diameter) and the weight. There also are a number of small plastic measures for various coins which have both a weight and dimension measure for the most common of gold coins - if they fail those tests, you reject.

[mclaren779]

Interesting and informative.

[patriotsundergod]

Hey Greg. Just got back from my tour of Europe and I'm really looking forward to starting class with you!

[drutter]

Cool, I didn't know some of that.

[bsaorders]

Greg - As always, extremely valuable information. Your knowledge is a key to all of us who are building our business.

[Raycheetah]

Numismatics are tough even as an investment for non-experts, and the counterfeits coming out of China (and now also central Europe and Russia) are making it very risky for anyone to buy even bullion coins from anyone but an absolutely ironclad source. By the way, in the UK, circulating One Pound coins (base metal) are now so rife with counterfeits (at around 1 in 100), that the Royal Mint may have to reissue the coin in a different form. =0[.]o=

[stealinator]

will it go down with market again? damm good chance. Alot of metal leaving the warehouse (more silver than anything) might be a good way to 'convince' holders to not take delivery, plumit the price (paper). Interesting times are afoot.

[tzmann5308]

great information Greg, thanks!

[prudentinvstr]

Thanks for posting.