what would you rather store your wealth
in this stack of plastic-like polymers
or ounces of this rare stardust i love
gold
in today's video i will share with you
everything you need to know about buying
gold and silver in canada so if you want
to add precious metals to your
investment portfolio make sure you watch
this video till the end
[Music]
what is gold and silver they are rare
elements known as precious metals gold
is the most malleable and ductile of all
the metals it is also one of the densest
metals and a good conductor of heat and
electricity on top of this it doesn't
tarnish or corrode silver is the most
conductive and reflective metal on earth
it is also very ductile and malleable in
addition silver has antimicrobial
properties it is believed that these
elements are formed from a supernova
when a star explodes billions of years
ago so yes it stardust these metals have
been sought after as early as 5000 years
ago used to make jewelry and ornaments
and around 2500 years ago gold and
silver was struck into coins and used as
currency only in the last century they
stopped circulating coins with gold and
silver but they still make precious
metal coins and that doesn't make them
any less valuable today gold trades
around twenty four hundred dollars an
ounce and is mainly used as a monetary
metal but also in art jewelry
electronics aerospace and even medicine
and dentistry while silver trades around
thirty dollars an ounce and is used in
jewelry silverware electronics cars
solar panels photography water
purification medicine yoga pants and
well known as an industrial metal so
what are the reasons to buy gold and
silver gold and silver are tangible
assets that don't do anything they don't
generate earnings they don't earn
interest and you don't pay a dividend
this is because gold and silver is an
investment it can be but really they
should be treated like a different asset
class in your investment portfolio for
example cash is an investment but serves
a purpose in your portfolio cash can
help you minimize risk and take
advantage of opportunity gold and silver
can also reduce your risk these metals
are considered to be safe haven assets
when the stock market crashes the entire
asset bubble bursts inflation increases
recession hits or even a war breaks out
your investment portfolio may take a big
hit but gold and silver tend to do the
opposite they increase in value as
everything else decreases most of the
time this is why gold and silver are
considered insurance more than
investment another reason to buy and
hold gold and silver is for a store of
value and wealth cash or fiat currency
has no intrinsic value and is not a good
store of wealth cash slowly becomes
inflated and slowly loses its buying
power a hundred dollars 30 years ago
cannot get you the same goods and
services today but if you stored your
wealth in gold instead of cash a hundred
dollars worth of gold thirty years ago
is worth around six hundred dollars
today now that six hundred dollars may
only get you the same goods it could get
you 30 years ago so it's not a good way
to build wealth but it still remains the
safest way to store wealth and unlike
other asset classes gold and silver is
private and generational wealth meaning
no one needs to know you got it and no
one needs to know who you give it to so
when buying precious metals what should
you buy if you're just trading these
metals for a capital gain or to reduce
risk in your investment portfolio you
can just simply buy a gold or silver etf
or what they call paper gold and silver
but this doesn't offer the same
insurance value privacy and generational
wealth as the physical metal and like
the saying goes if you don't hold it you
don't own it now the best form of gold
and silver to buy is what they call
bullion bullion is the metal highly
concentrated usually 99.9 or 0.999
percent pure bullion usually comes in
the form of a bar round or coin it does
come in more unique shapes and in the
form of jewelry but expect to pay a
higher premium premium meaning that
extra costs added to the current spot
price of the metal when buying bullion
it's best to pay as close to the spot
price as possible spot price being the
current price it's trading in the
bullion markets the first rule is to
avoid fractional gold and silver this is
bullion that is less than one ounce
anything less than one ounce will have a
higher premium bars will usually give
you the best deals and are more popular
for long-term holding especially when
you buy in larger sizes so if you buy a
100 ounce bar you will pay less per
ounce versus buying a one ounce bar
rounds will be a slightly higher premium
than bars because they most commonly
come in one ounce and have some kind of
artistic design on them coins will have
an even higher premium than rounds this
is because coins are created by
government mints and have a face value
so they are minted by a well-known
reputable mint and can be used as legal
tender you wouldn't use it as legal
tender because it's a ripoff but you
could although coins have a higher
premium they are still very popular this
is because government minted coins are
guaranteed to have the correct purity
and highest quality of bullion so they
give you a peace of mind that what
you're paying for is actually pure gold
or silver government minted coins are a
lot easier to sell especially if it's a
popular recognizable coin like the
american silver eagle or the gold south
african cougar and actually government
mints do create bars as well just
without the face value like the royal
canadian mint bar now bullion bars and
rounds from private mints are still
great options to buy precious metals
just do your research because not all
private mints are created equal some of
the most popular mints are sunshine
scottsdale and pam suzy another thing
you should know is that there is usually
no sales tax when buying bullion lesser
pure metals will likely have sales tax
like buying junk silver or 22 carat gold
jewelry now should you buy gold or
silver this will all depend on your
personal situation the biggest
difference is silver is more affordable
but higher premiums has higher
industrial uses maybe a better inflation
hedge and considered more speculative
and undervalued gold is easier to store
less volatile more rare more desired and
considered more of a monetary metal and
held by more investors other things to
consider is the gold to silver ratio
mining stockpile market supply and
demand and which one is currently the
better bargain and maybe neither are a
bargain at the moment it's not a good
idea to buy silver and gold when
everyone else is buying them because of
uncertainty in the markets but when the
stock market is at all-time highs
investors tend to forget about gold and
silver and you'll be able to find better
bargains the main thing is that you do
your own research to see which metal
makes more sense for you and create
yourself the perfect ratio of gold to
silver now the rule of thumb is to only
hold five to ten percent of your
investment portfolio in gold and silver
okay now where do you buy gold and
silver bullion one option for buying
bullion is in person locally at a coin
shop or bullion dealer you can simply
google local coin shops or bullion
dealers near you you can also go to
mint.ca which is canada's government
mint website then scroll down to the
bottom and click bullion dna dealer
locator click canada dealers and choose
your province these will be the most
reputable dealers in your area buying
bullion locally comes with a few
benefits and drawbacks the main benefit
of buying locally is not having a paper
trail if you buy in cash and there are
many reasons not to have a paper trail
which i'm not going to discuss in this
video other reasons include no shipping
costs instant buying and selling and the
relationship you build between your
dealer here's the cash grab the stash
all righty man thanks have a good one
don't hurt yourself the biggest drawback
is being followed home and criminals
robbing your stack other disadvantages
include a limited selection higher
premiums and less opportunity for
bargains another option to buy bullion
is through a private sale these would be
a bit harder to come across but can
offer some of the best deals around and
can keep your purchase private you might
be able to find a private sale through
your local classified ads like kijiji or
facebook marketplace also check online
platforms like reddit or discord the
disadvantage with this is that you're at
a higher risk of being scanned what you
purchase might be fake or they might
just straight up rob you the safest way
to buy gold and silver bullion is
through an online dealer my favorite
dealers in canada are silver gold
bull.ca based out of alberta and
canadianmpx.com based out of ontario
other options include bullionmart.ca
canadianbullion.ca
and auburn.ca also you may be able to
order precious metals through your bank
td being the most popular choice the
pros with buying online include the
ability to shop around and find the best
deals they can be more credible and
trustworthy have lower premiums have a
much larger selection and the privacy of
buying in your own home the cons include
sharing personal data shipping costs and
delivery times now that you know where
to buy precious metals let me show you
how to buy them on silvergoldbull.ca
once on the website browse through the
selection till you find a bullion you're
interested you'll notice a few prices if
you pay with bill payment check interact
online or e-transfer it will be cheaper
than using credit card paypal or
cryptocurrencies and if you buy in
larger quantities it will be even
cheaper again once you proceed to the
checkout you'll need to create an
account confirm your email and then
enter your billing address and choose
your shipping if your order is over 299
dollars you will qualify for free
shipping if not you'll have to pay 19.95
now you need to choose your payment the
two best options are bill payment or
e-transfer once you place your order
you'll be given instructions to make
your payment now go to your online
banking and add a new bill payee search
silver gold bull if nothing comes up
you'll need to choose a different method
but if it does come up enter your
account number and create a bill payee
then enter the grand total of your bill
and send if you want to use e-transfer
send your payment to payment at
silvergoldbull.com and enter your order
number in the message section if you
can't send an e-transfer either go to
their payment page for other options
once they receive the payment they will
ship your product your shipment will be
fully insured trackable and requires a
signature now you have your precious
pedals how do you store it first of all
depending on what you buy some bullion
already comes with some kind of
protective casing some do not so you'll
need to either buy coin capsules sleeves
or coin tubes now you need to store your
bullion in a dry low humidity area you
can use cotton gloves when handling and
silica gel packs to control moisture as
for safety and security the best thing
you can do is not tell the soul that you
have gold or silver less people know
about your stack the more secure your
bullion will be as for where to store it
and what to store it in if you only got
a handful of coins let's say less than
five thousand dollars there's really no
need for a safe and you can just store
it somewhere inconspicuous once your
stack grows a bit bigger let's say over
five thousand dollars then you can
consider a safe at this point you should
be using the three layers rule for
example under the floorboard under a
carpet with the coffee table on top it's
also a good idea to use a decoy safe
once your stack is really big over a
hundred thousand dollars you may need to
consider a full-size 300 to 600 pound
safe these will be harder to hide but
also harder to steal but if someone puts
something to your head you just might
open it for them just talk i am shut up
but if you got a stack worth over a
hundred thousand dollars you should
consider other security measures like a
security fence cameras alarms dogs and
some kind of self-protection device if
you know what i mean
everyone's situation will be different
and everyone's values will be different
you may not feel comfortable holding ten
thousand dollars worth or you may be
comfortable holding a million dollars
worth once you don't feel comfortable
then it's time to consider storing your
bullion in a vault with silvergold
bull.ca you can store your bullion and
have it sent directly to the custodian
which is brink's global service this
will come with storage fees but includes
100 insurance of all your bullion but
remember the rule if you don't hold it
you don't own it so you should still
consider self-custody of a portion of
your stack and another rule is not to
keep all your bullion in one spot so
split up your hiding spots if you are
considering using a volt there are
options to holding your bullion in
registered accounts like a rrsp or tfsa
but then again your rrsp or tfsa is an
investment account and bullion is an
investment it's insurance and a store of
value that should be held for the full
benefit of the asset as for selling your
bullion you can simply go back to your
local coin shops bullion dealers or
online dealers to cash out take note
that there are tax implications on
capital gains and like i already
mentioned bullion is a great asset for
generational wealth so another option is
to hand down your bullion to your
children or grandchildren the best part
is that you can do it easily and
privately my final thoughts silver and
gold bullion in the physical form should
be considered in your investment
portfolio it's insurance and protection
that no other asset can provide it's a
hedge against inflation and a way better
option for storing your wealth than fiat
currency the dollar is a promise of
currency value silver and gold is the
actual currency the dollar isn't backed
by anything it's just a piece of plastic
that has value because we say it does
silver and gold is a commodity with real
intrinsic value there's a reason why
central banks and governments hold gold
and why they keep buying more and
there's a reason why countries like
china and russia are increasing their
reserves so it's not too late to buy
these precious metals if this video has
brought you any value show me some
appreciation by hitting the like button
if you want to continue learning check
out one of the videos on the right of
the screen if you have any questions or
comments let us know in the comment
section below thanks for watching until
next time keep making money moves peace