If I Had NO Gold & Silver...Would I Start Stacking and WHAT Would I Buy RIGHT NOW!?
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- Опубліковано 31 лип 2024
- #Gold #silver #preciousmetals
Hindsight is a wonderful thing and my 7 years buying gold and silver has given me a lot of interesting experience to draw upon. The problem with investing in gold and silver right now is that the market is very daunting. So much choice. So today I share what I would do if I had nothing right now and what my best picks would be for gold or silver or both. Of course, these are just my opinions and not financial advice so please bare that in mind when making your own decisions!
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Do not buy silver if you are paying tax on it.
I would tend to agree!
I agree it totally sucks to pay taxes, but we haven't had a significant price drop to justify buying $2000 in silver for me in one lot to avoid taxes.
It is going to increase, massively I believe.
Yeah I like when silver is closer to 21 an Oz so I can buy rounds or bars at bout 23 or eagles at 26 be nice. I been picking up silver halves lately price been good on 90% everything else seems a bit to high for me
Its always meant to increase massively! It never does!@Onetwothree789
Great video BYB, i definitely agree the humble Sovereign is king when it comes to gold 👍
always, always go sovereign
I can't get rid of my silver to buy gold (without losing money). Silver was a bad buy for me. Luckily, I did stack gold too. I'm still hoping that one day silver will do well (before I die), but I'm not raising my hopes.
This is not uncommon. Hold for a long time and you should do well!
How long to hold, 99 years?
Stack silver for the long term. Silver is horrible for the short term due to volatility. Price goes up maybe a few dollars a year or two, and with the need for silver in high-tech devices and electronics, you'll see it increase over time. That's why people choose to stack silver even though it's cheap because it's necessary in consumer goods and the world uses more than is mined a day. About 1.1-1.3 billion ounces is used in goods vs 800mil we mine a year. Plus, it's usually lower in premiums than gold bullion.
@@JS-jh4cy silver is estimated to run out in 20ish years
Always gold over silver for me..full sovereigns and one oz. Britannias😊😊
Sweet, good choices.
Being in America by stacking Outlook is a little different than in the UK as I pay no taxes on buying or selling my buillion. I had to take a break from my gold expenditures and add three more kilos to my silver stack while the price is low $.99 per ounce over spot
Steve in Florida caught your video and enjoyed it thank you, I have in my early years sold 200 Oz each time. Currently and over the last 10 years have been stacking. To all be safe and continue to stack when we can.
I've burnt money buying silver, luckily my sovereigns have done really well though and maybe could even cover my silver loss through selling back to dealers! If I'd just bought sovereigns I'd be above water
Interesting feedback, thanks for sharing!
Dealers are you problem.
Don't worry, Silver will increase in value from time to time and you will get your money back (plus a little extra) :)
Bought a fair bit of silver last few years, now I'm more focused on 1/4 Oz gold. Old sovs and queen beasts.
the missus has to tear me away from these videos for "excessive drooling"
I can only apologise!
at the minuate im focusing on 2nd hand silver coins whilst saving up for a 1/4 ounce of gold, rinse and repeat. is my goal so far
Thanks for sharing your thoughts!
Hey mate, great video! I’m
A new stacker (UK based) I have 12 oz of sliver now, all Britannia’s and I just had my first full gold sovereign arrive today! I’m so happy I was introduced to this community, I get a buzz from spending my money and it’s great that it feeds right into a retirement pot! Personally I would prefer to stack gold, it seems silver is so heavily overpriced to its intrinsic value.. (premium’s) so for that reason I’m swaying to gold. My goals are 52oz of Silver a year and 2oz of gold!
If you are starting now and live in the uk do not buy silver its 100% illogical as an investment or hedge, fine as a collection/hobby. Stick to gold, more specifically local and coins. I do still have 400+oz silver from pre vat days , but only bought gold for last 7-8 years . Check the charts gold outperforms silver and almost every time frame you can possibly think of in last 50 years ( i did it took ages and havent bought silver since ) and the charts font factor in premiums and tax. Silver can amd does beat gold in specific rare times but what are the chances that will be when i need the money - none.
Always love being able to see some of the things you have compared to some of the other channels because you have stuff that some people have never seen compared to some other channels which have great stuff
Thanks!
Great video
A very enjoyable video. Great content!
great coins in the back drop and interesting video content
Much appreciated!
Easy easy. Gold sovereigns from Atkinsons. Both risk free
Agree👍🏻👍🏻also same sovereigns from Chards😊
I bought a few today! £388 for random years 👍🏼 they are the only gold I’d buy 😁
My gold bullion portfolio is pretty much equally 50/50: Gold Sovs and 1oz Krugs. If I'd be starting once again, I'd just change the proportions and keep 75% in Full Sovs and 25% in 1oz Krugs
Thanks for sharing your thoughts!
Good commentary on this.
Here is one more toward 3/4 of a million.
Maybe this one gets a cool million!
Thanks, appreciate it!
Thank you for the practical advice. Even though the gold is high, the digital currencies (digital dollar etc) are coming quickly. I imagine gold will continue to increase... For me, it's not about making money primarily, but preservation. With the transition to digital fiat, the old system has to be destroyed. Such a transition makes the money I hold in my bank accounts vulnerable to this 'great reset'.
How about the 10oz Tudor Beasts? They are similar to Queen's beasts and are not too much over spot. They might have the numismatic value like the Queen's beasts. They also have the portrait of the Queen and the King showing that transformation in history.
Fore shadowing the tudor beast release I see! 😎Nice😎!
Soon!
Nice video thanks
Thank you!
I buy this stuff for wealth preservation and a hobby both.
Silver & Gold Britannias (1/4 and up for the gold) & full sovereigns! However picking up the unique pieces keeps it interesting! Stacking gets boring!
Yes, indeed. However full 1oz £100 gold coins may be less liquid as the price increases, whereas quarter ounce £25 coins are 24ct goodness, have some great designs and are very liquid.
ALSO love to buy SHINEY THINGS... Thank you for your EyeCandy. STACKON
My pleasure!
Thanks for video, thanks for your work BYB.
My pleasure!
Whatever you do - do something! Gold or silver, do something punters ❤
I agree!
I watch on-line dealer sales pretty closely as I have for 11 years now and demand has dropped off big time in 2024. Inventory levels of lower mintage pieces (50K or less) and specialty pieces are moving extremely slow this year. It's so slow that if there's a piece you want, then you can be patience and wait for it to go on sale without worrying about it selling out. Maybe the stacking/collecting trends have shifted that more people are strictly focusing on the lowest premium bullion or maybe Bitcoin is drawing more people out of PM's. Either way, they will eventually come back as demand was down in 2019 and then came back in 2021.
Great video as always BYB, I think you're spot on with the sovereigns. That's the gold coin I am currently looking at buying mostly besides 1/10th Oz gold!
Thanks for sharing your thoughts!
Already have a lot of silver now starting gold. Was tempted by a oz now thinking sovereigns might be a better way to go.
Great to hear!
I remember a young fellow buying a monster box of the 1st Queens beast 2toz series I think at the time it was around 32 a coin. In order to sell on at a later date to increase his fiat to buy more standard rounds of silver. I mocked him . And yet the Queens beast went to over 100 a coin . Oh dear silly me.
After a year of stacking #Silver im officially a Kilo or more kinda guy 👌🏼 i like 10oz bars too since the premiums are lower
The price for silver on pretty much all the dealers is silly, otherwise I would love to pick up some shiny silver. I did subscribe to the silver forum, seems like a good place to buy, but then I see a premium subscription and my interest didn’t last long. But that’s because the S&P 500 is really more attractive a place to put money for me right now.
Oh, and it’s good to see you posting again 😊
Thanks for the video BYB
I could have bought second hand silver Britannias at just over £22 . So I guess I perhaps should have.
The premium on silver combined with VAT is disheartening
If I buy a sovereign at £390 and however many Oz of silver until I've spent £390 I will have paid alot more in premiums 😔😔
Yes, you certainly would if you compare them. Its an interesting way to look at things.
@@BackyardBullion
I think I worked out that a sovereign at 389 and second hand silver Britannias from a dealer at £22 ...
389 ÷ 22 = 17.68
So say 17oz of silver and premiums were 3.90 so thats £66.30.
The sovereign is currently £10 over the intrinsic value ...
So for the total cost spent , silver is 6x more expensive 🙈
I'll preface my comment by saying I'm in Australia if that makes a difference, but I'm genuinely curious about your take on buying sovereigns vs a 1/4 troy ounce gold coin? Everywhere I've found sovereigns over here (noting that they're also only 22 karats) they're a pretty similar price to a full 9999 1/4 oz gold coin. Sometimes the 1/4 oz coins (Perth Mint's lunar rabbits is the most recent example of this I've seen) are cheaper than gold sovereigns. So aside from design preferences etc, is there an advantage sovereigns have?
I'm moving to the Cambridge area from the USA and good place around there to buy and sell?
While you were bemoaning "tell me I'm ruining my sovereigns" I was tossing around a handful of gold that would apparently upset a lot of people. Let your gold fly free. The sound of it getting character and aging with you isn't a bad thing. They made millions if you're buying modern bullion.
Awesome, thanks for sharing your thoughts!
Imagine: back in 2012 I ventured into PMs and bought my first four ASEs and tried to convince my 18 year old son to start silver stacking as well. He looked at the LCS homepage on my screen and said: "Those spreads, dad - stop it right now!!!" I turned towards gold - and I'm still under water with the aforementioned four ASEs. 🙂
Do you think 2012 silver eagles for 25 quid each is a decent price?
just out of curiosity what is your day job? I love the idea of having a bunch of shiny stuff but there's not often a few K spare at the end if the month.
Trade secrets but a lot of my stack is built up of savings made earlier in life.
Having said that, I've got a business trip to USA this month, looking to buy some tax free silver 🥪
90% is the best value atm in my opinion bars aren't bad either. Hoping spot will drop another dollar per Oz. Just my opinion in the states
@@mattmatt6572 interesting thanks. So 90% silver coins are like the Kennedy half dollars?
@@sarumike yes.. idk the values on it where you are from but currently can buy the pre 1964 90% at 18-19 a face dollar. Not to long ago it was 23 plus a face. I like it under 20 here in the states it is quite liquid and well know.
@@mattmatt6572 sounds decent cheers. Not sure how much they are here in UK, but our lovable government takes 20% in taxing our silver 😤
@@sarumikeouch... yeah in my state there's no sales tax on it some states do have sales tax on silver but it's 5 or 6 percent. Don't think even those states tax the American minted coins though. Have fun in the states look up some reputable coin shops in the area u are going to be. I would stay away from the pawn shops unless u are an expert on coins. But not much good deals to be found their anyway good luck cheers maybe will be some coin shows go on in your area while you are here. Lotta even small towns hold coin shows.
I am crazy AND I like the video.
Problem with silver is it has to go up 20% in price over time to cover the cost of VAT (forgetting any commission) just to break even. I guess if you think silver is severely under valued then its worth taking the chance, but it seems riskier. Also, to store a meaningful amount of value takes up a lot more physical space than with gold. Gold seem more fungible to me.
Hey BYB thanks for refreshing the vid for 2024...sonce the last one I have moved from 70 30 silver to gold to 70 30 gold to silver buying and plan to buy 90 10 in favour of gold... Mostly sovs and I ounce.. What are your thoughts on half ounce or double sovs... No one really talks about them.. plus mixing up with some different silver to prevent boredom and keep the stacking interesting and fresh
My pleasure, thanks for watching and commenting!
Yeah thoughts on half ounce and double sovs , guess it comes down to getting the lowest premium as close to spot and varying the stack @@BackyardBullion
I got 2 1/4 gold coins. 1 queen beast proof Griffin for 460 and a maple for 410. I thought it was a good price on both.
Yeah, those are good prices!
Wow what a great question new subscriber. I have over 1200 oz of silver and would I.
Thanks for the sub!
Nice one BYB 👍
If you want shot of your 10 oz Valiant - I'll pay £240.00 for it!
I think I will hang onto it for that :-)
Silver is 20% over spot in UK even if the dealer is selling at spot (which they dont). VAT is an impediment for sure. Even if it goes to all time highs (which is highly unlikely in the next 5 yrs or so), that's 60% odd above now, you are only making 40%. These metals are great savings tools though and just as good collectors items if you have the money :0)
Totally agree, it is always better to go gold that premiums on silver
BYB is there any sovereigns more worth buying than others say victoria vs george V ??
Shield sovereigns excluded as dealers seem to want atleast 15% or more over spot
Shields are nice, so are Young Head victoria. Don't overpay for them though, maybe £20 more per sov (for lower bullion grade) than the other ones.
Best value victorias £394 ? So about 15 over intrinsic??
Or is it better to buy other monarchs for cheaper price?
@@jonh8125 George V seem to be cheaper than Vics 🙂
Love those 10oz valiants.
They are stunning!
I love silver but in the uk it is just not worth it buying from a dealer its there profit then 20% tax you are fighting a loosing battle buying from Jo public on ebay etc you are taking the chance that they are forgerys you can do it with your expeties and testing aquipment but its to risky for my liking I say buy gold from a large dealer you cannot go wrong.
In Australia silver gold and platinum are treated the same provided .999 purity and not fancy packaging. Sovereigns and proofs are taxed. So sovereigns are a poor choice. Silver kangaroos and bars are relatively low premium especially on sale and much more accessible
Thanks for sharing, of course my sentiments are UK focused!
Long term holds? I've been collecting/stacking for over 40 years and my silver is still underwater. People fool themselves by comparing the current values to what they paid BUT when one converts their costs to today's currency using a CPI calculator, they find their actual cost to be much higher and below what they can get today. Gold on the other hand, passes this test and for me has beaten inflation by 50%.
I've took a step back from silver and are only buying gold sovereighns 💯👌
Good one, they are the best coins.
Buy coinbars. There is no tax on it (in the Netherlands called BTW).
I’m a new consumer of silver coins and bullion rounds 🎉 and a new youtuber😂❤ any advice for starting my journey ?. 😊 thank you 🙏
Don't try and buy a lot of high premium items also look for online deals that you can take advantage of also if you collect 90% silver and you're able to get boxes of halves at 500 a box from your bank that can pay off sometimes
Would 50 1oz silver Britannia’s for long investment worth it?
if bought at spot price, yes.
what does spot mean and do you mean not paying VAT?@@BackyardBullion
The 2024 sovereign could be a good purchase. If King Charles was to demise this year and i hope that's not the case but it could be the only standard George and the dragon bread and butter sovereign during Charles reign. We had the special design then last year Charles was wearing a crown and this years might not have as high a mintage due to it not being seen as a special sovereign. Ive bought my sister a 1/2 version in the blister for her 40th birthday but im feeling way too jealous and way too generous on this occasion.
I think Charles has many more years left in him, dont rush out and buy because of his cancer diagnosis.
The Royal Mint is so good. I still think the Perth Mint is the best in the world, but the Royal Mint is doing a great job. If only the US Mint here could up their game. Every once and a while they do something cool (1916 gold Mercury dime, standing quarter and walking half dollar) or even come up with a good idea (fractional Buffalo coins), only to return to mediocrity again and again. Not that I do not buy American metals, but I spend most of my money on coins from abroad, as do other Americans, and I feel like this is not true in other countries (in Canada, for example, most guys buy Canadian, which makes sense because they are good).
I would invest in silver because gold is a much more manipulated market than silver is.
Mmmm? Not sure on that comment, I think silver is more manipulated than gold😊
Hmm, I am not a fan of this arguament
Silver is definitely the "Devil's Metal." My local coin shop dealer said, despite silver being his big money maker, he advised investing in gold rather than silver because he thinks that the silver market is manipulated. I didn't realize how addictive silver is. I have a considerable amount of silver and I made a personal vow not to buy anymore; then I discovered the Queen's Beasts. God help me! I can't help myself they're just so shiny and pretty.
Interesting stuff, thanks for sharing!
Well since all the gold money is going to Bitcoin buy Bitcoin.. Easy to buy back gold later with the profits.
What would you guys expect to pay for shield sovereigns currently?
If they are just bullion examples then no more than £400
@@BackyardBullion wow. Have you seen the price Atkinsons are asking for shields ??
Any idea when the royal mint are releasing the next great engravers?
@@BackyardBullion £443 on auronum 🙈🙈🙈
I have seen shields go for sale for £400 to £420 on The Silver Forum
@@BackyardBullion gutted. If only I did internet banking 😞 but I trust it as much as I trust our government with spending responsibly🤣
What I really like about your channel, is you're not a doomsday stacker. I buy silver because I like it. I enjoy different coins, and all my silver is going to be around for the long haul. I plan on passing it on to my daughter.
The trouble with Sovereigns, for me at least, is that they are not quite PURE gold. Does that bother anyone else?
I, and other gold buyers out there, prefer 22 carat as it is a more durable alloy than the 24 carat which easily is dented, scratched etc. A Sovereign can be fondled and played with - try it 🙂
Safest bet is sovereigns.
100% agree!
What is your opinion on 1/2 1/4 or 1/10 brittanias gold or silver compared to sovereigns. Thanks
Silver fractional is garbage, don't buy. Gold in those sizes is often quite expensive compared to a full 1 oz or sovereigns.
@@BackyardBullion thank you. Appreciate your thoughts and love your channel
The day metal return to face value, silver will be worth more
Gold full sovereign all day, every day...
Silver not worth it because off VAT...
First?
Buy silver when it is unpopular and the price has dipped and sell when everybody wants it and price is peaking....10 oz silver coins are special and more attractive than sovs.
Yes indeed!
Where do you buy secondhand silver that is ex Vat and from a reliable source. So not......! Bay.
www.thesilverforum.com
silver is the same price it was in early 2008... gold keeps touching all time highs... I think that is all the info anyone needs. We are of like minds about the doomsday stuff. What a bunch of sad people there are watching videos on youtube I guess. 🙃
Britannia's are the same price over here... which is technically a better deal because they came over on a flight or a ship... ha
Well said, thanks!
No prep means the zombie we eat u frist😊
Oh boi!