Everyone Said, "Don't Buy Gold!" - Here's Why I Bought It Anyway!
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- Опубліковано 15 чер 2024
- #silver #gold #giveaway
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They Said "You Should Not Own Gold" - So I Did The Opposite And Bought Lots!
Welcome to my channel! In today’s video, I’m diving deep into why I chose to invest heavily in gold, despite all the naysayers advising against it. 💰✨
From mainstream financial advisors to the latest investment trends, everyone seems to be steering clear of gold. But why? Is there a hidden agenda, or are there real risks involved? 🤔
In this video, I cover:
🔹 Why People Say "Don't Buy Gold": Analyzing the common arguments against gold investment and what they’re missing.
🔹 My Investment Strategy: Why I believe gold is a solid choice for my portfolio and how I went about buying it.
🔹 The Benefits of Gold: From inflation protection to wealth preservation, discover why gold has been a trusted store of value for centuries.
🔹 My Personal Experience: The ups and downs of my gold investment journey and the lessons I’ve learned along the way.
🔹 Future Predictions: What the future might hold for gold prices and why I’m sticking to my decision.
🔗 Related Videos:
Why Gold Is Better Than Bitcoin
Top 5 Reasons to Invest in Gold Right Now
💬 Join the Discussion: Do you own gold or are you considering it? Share your thoughts and experiences in the comments below!
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#GoldInvesting #BuyGold #InvestmentStrategy #FinancialFreedom #WealthBuilding
Disclaimer: This video is for informational purposes only. Please do your own research before making any investment decisions. Investing in gold or any other asset carries risks, and you should consult with a financial advisor.
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Gold and Silver have helped me save my money and create wealth. Having money in cash is easier to spend and loses value over time whereas gold hedges against inflation
Thanks for telling people to get out of debt before buying these metals… incredibly important
I started stacking gold when I was 16. It was £380 an ounce. As an average over the past 20 years I have spent around £800 an ounce collectively over all coins. Today by selling below spot price to the bullion companies/Royal Mint I will have doubled my money on all coins. It's done well for no work whatsoever 👍
Edit: I still have a further 20 years to go before I sell. Forecast the prices in 20 years time, I wager a pension that it will be a lot more.
Don't bet on selling your gold in 20 years. It's hard to let it go.
BTW, I convert all my costs to the current year's prices using the CPI to determine how much my gold has really appreciated. A spreadsheet makes it fairly easy to do. My first gold was @ $40/ounce, $328 today.
@@meteoman7958I also use a spreadsheet to keep tabs of everything. The sheet i have created is quite in-depth and yields a lot of information. I will let the gold go too, as that will fund my latter years in the sunnier parts of the world 😎
If it’s Yellow it’s mellow.
I realised some time ago that no financial advisers suggest investing in gold and when asked they all recommend you invest in something else. They all talk about diversified portfolios but all of the diversity they recommend is investments that they either earn commission on or can manage for you, thus earning a management fee. They dont make money on you investing in physical gold. Funny that...
I love the Perth Dragon and Tiger, they are stunning!
I did not get into stacking thinking I was going to make any money was just trying not to spend my money on other shiny things that aren't as convertible back into cash when needed. It becomes so addicting it does not take long to build a sizable stack.
I like the 2010 Britannia design & it does look nice in gold
Perth Mint Tiger coin is my favourite on the table
That sparkly bracelet looks like something a younger me would LOVE to find in 'hidden treasure' haha.
Now I love gold and silver but I came from BTC. I'm a massive advocate of the Austrian school of economics and for a millennial learning about real money BTC is the place to start. I do understand why gold and silver bugs turn their noses up but I would never have fallen in love with gold and silver if it wasn't for Bitcoin, I really believe that Microstrategy and Michel Saylor Know what they are doing and will come out on top. I am however always looking to convert my gains to gold because I like shiny that I can hold in my hands. Each to their own, but it's possible to like the new and the old at the same time. It's just good to know fiat has always and will always collapse at some point and we are somewhat prepared for that eventuality.
I’ve come to the conclusion that you only need enough gold and silver for the tail end of your emergency fund (loss of income). For example, let’s say I want an emergency fund that will cover 12 month of expenses and let’s say that’s $4000 per month or $48,000 total. I would have $24k in cash and $24k in gold or some other split that you’re comfortable with. Anything beyond 12 months of expenses should be invested elsewhere.
I stack gold sovereigns and silver Britannia’s
Perhaps, those of us that stack realize that gold and silver have a history of being very valuable.
That gold Brittania one oz was my favorite.
Thanks for sharing.
When you mentioned gold as a way to avoid gadget FOMO... I thought of the Royal Mint and some of their ridiculous limited editions. Best to resist those too I reckon...
Excellent video it hit close to home.
Thank you and enjoy:)
😁 "members of a shiny appreciation society " made me smile mate lol love that 👍 the sovereigns are my favourite that you have there, sure the other stuff looks very nice, but sovs tick all the boxes for me and my needs 👍 it's not an investment to me it's just a super safe savings account that has it's own little perks. Great video this mate, i agree on with the points you made, enjoyed it alot and of course that bracelet was very cool 🫡. Have a good one 🤝🍻
That is a very cool bracelet. Looking forward to Wednesday.
Love the video, man. Thanks for the great Sunday video.
The worst thing that you can do, is procrastinating over weeding the driveway, whilst secretly engaging in corresponding with someone else. Yorkshire wife's are utterly ruthless and fearsome with a rolling pin. Narrowly avoided bumps.
Apparently, comments help. Even the daft ones.
A few sovereigns in hand is better than any savings account. .....in my opinion. Thanks again BY (and Mrs BY.).
It’s the Peruvian Soles coin for me 😎👌
That £1015 back in 2017 is roughly £1250 today, so still not bad compared to £1896. My inflation adjusted profit on gold is 56%, (unadjusted 83%). The profit on silver is zilch.
Isn't the idea of buying precious metals to maintain wealth, which in my opinion, is a form of investment as you're looking to carry todays resources to a time in the future
Hey bud. Good to see you this fine day. Yankee Just did a post on Uranium from Saskatchewans Athabaska Basin zone. I was born there. The reason for not being populated are as plain as plain. It would be living in the Russian run Chernobal zone. Many things are changing our world right now. More than many simple things just a few years ago were happening are now a really serious fact.Stack on my friends.
Governments can print as much money as they want, but they ALL still keep gold as a backup should their currency become worthless. That's why it's always worthwhile 'saving' in gold rather than cash, because it's anti-inflationary and there will always be demand for it.
2006 Blood Diamond really made me anti diamond. I often rant about diamond investing when a certain person talks about an egagement ring... it doesn't go down well with the wife
My favourite coin on the table has to be that 2oz Perth mint dragon. I could only afford 1/4oz when it came out but it’s still beautiful. I love it. Also got the 1oz Charles coronation coin. My portfolio is heavily weighted towards crypto and secondly gold before stocks. I think it’s good to invest in whatever makes you happy and drives you towards saving more
I am very fond of the apartment lunar series. I have several dragons and some rabbits.
The most important thing about gold is not making money, it's about preventing loosing money in certain circumstances. The data over the past 50 years on global GDP, stock market indices, bond market returns and gold mathematically show the diversification properties of gold in a portfolio. When a classic 60/40 stock.bond portfolio fails to perform, gold usually performs well. Although the gold price itself is more volatile than stocks and bonds and gold can underperform for decades on end, adding gold to a portfolio significantly reduces drawdowns of a portfolio as a whole and, thus, increases the safe withdrawal rate. Even Ramin from Pensioncraft is slowly warming up to this idea.
Good advice. My iPhone 12 is a hand me down from my son who skips generations, recently buying an iPhone 15. He lives within his means, so he can pay cash up front and doesn’t need the trade in value of his old phone. I’m still recovering from gold’s sticker stock, so I’m focusing on quality gold numismatics whose price isn’t highly correlated to gold’s price. Like graded pre-33 gold in semi-key dates.
There is a few people out there who are negative on gold, and ive called them out to be wrong! And I've been right so far. Also, I've just made a £1000 profit on a rarer 1oz coin! And yes CGT free👍
Great video, saving and investing early in life sets you up so well to have capital to use later on if you ever do want to start a business! Keep up the hard work, I always enjoy your relaxed and laid back videos!
Gold should be a small part of any portfolio - stocks, real estate should be the majority… I only started adding gold later in life as I “de-risk” and see it as savings to augment retirement income… bitcoin has done far better for me over the years but I would never advise anyone to go “all in” on that either - diversification is key
Another entertaining & informative video. I fancy Mrs. Backyard might have her eyes on that bracelet, looks very nice. Also nice to see your 100 Soles Oro again, very Britanniaish. To me it's firstly a hobby collecting gold & silver coins. Still a good investment as I like to hold some of my wealth, nothing better than to touch & hold reality wealth. Other investments are fine as well of course. I've had gold for many decades, but have got the gold bug of late. I don't worry about insurance & alike, there are many places to do the old fashioned thing of burying coins etc. in Australia. I'm confident no one but me will be able to find it or dig it up.
Atha Energy, US $123 million market cap, losing US $1 million per month, valued at $1 a share on the NASDAQ in January is worth fifty cents a share today for a loss of 50%. Compared with Cameco, earning US $35 million per month, market cap US $22 billion and paying a small dividend, is even. I own neither, but if I was to increase the number of uranium companies in my portfolio from 18 to 19, the company being pumped on UA-cam wouldn’t be one of them. Just saying.
Nice infomercial
The intro is showing crooks at work. "Folks, buy tulip-onions, the equivalent value of a house is so cheap for it! Tomorrow, the price for it will be much higher!" (AD 1637) lol
I would say that keeping gold under the mattress is better than cash over a longer term. Actual physical cash stored away will go down in value in the short term let alone the long term even if inflation is low.
If you had £1000 in £5 notes in 1956 and kept them until now they would still only be worth £1000 face value. Interestingly though a mint condition white £5 note is currently priced at £295 on a site i was looking at, so that would make that £1000 worth £59,000 if you could sell all 200 for £295.
An ounce of gold was around £35 an ounce in 1956 so thats around 28 and 1\2 ounces of gold for £1000 which if sold now would return around £52,600.
I say do have some metals but if that's all that's that's keeping you from spending every last cent, you have bigger self-control issues. If you have metal money and it's your only way to save I bet you don't cook for yourself. Please tell me how you have no self-control ;)
I've never seen having gold as or for making "money'.
A few strokes of a key or printing out sheets of paper can do that.
Every time! Mr BYB rolls out that beautiful 2010 1oz gold britannia, I'm convinced I'm doing the right thing.
It’s a little bit of a lie, and that’s what we are telling ourselves, and it’s a little bit of a true, and you can make little bit of money, but you can loose a little bit of money…😭😭😭
Love that kilo bar 😍
My argument is that since 1900, the overwhelming majority of currencies in the world have at least once and often several times become of Zero value. War, inflation, revolution etc, etc. (The USA and the UK being two of the very few exceptions. )
The associated stock markets, bonds etc, have usually crashed at the same time.
So to put ten or twenty percent of total savings in shiny coins, is, in my opinion simply common sense. It also does, over time keep pace with inflation
Gold is the art of spending without spending , my net worth is higher than my peers due to gold where they waste money on disposable items like cars , clothes TVs, that lost 50% of its value instantly I don't drop in value in fact it's nearly doubled in price in the 10 years I've owned it . Gold is not my only investment mind that would be stupid to put all your money in precious metals . There are also some unique advantages of gold like CGT exempt and slightly more questionable benefits too which I won't be discussing here .
I've NEVER been able to save cash , but stacking was able to allow me to put down a deposit on a house (rented ).. Without that , I'd have been homeless
Diamonds are pet rocks
Do you think the 2025 Britannia coins are going to have a new design?
Hi do you have any proof sets for sale
What sets are you after? I have a set of 2 Oz monarchs silver proof if you want them?!
Gold is an investement and in todays economic global picture, looking at inflation alone, eventualy it saves your money at a certain buying power. Inflation went up 15% over the last year in the UK, 1 Sov was £370, Now 1 Sov is close to £440...I ll rest my case there...😊
I own microstrategy because he is a hedge against my gold
What has Warren Buffet ever done for us
Diamonds are as common as muck. The only reason they have any value is because one company owns all the diamond mines in the world and they control it's supply and set the price. It is as common as coal and other forms of carbon.
Natural diamonds have fallen significantly in the last couple of years as the market has become flooded with very cheap synthetic Moissanite, which has a similar refractive index as diamond and is indistinguishable to all but experts such as GIA etc. There is also synthetic (lab grown) diamond which is also now flooding the smaller stone market. The only natural diamond cut stones holding their price are premium large stones (several carats) of excellent quality with genuine grading by someone like GIA. Price outlook for natural cut stones is flat at best…
There is also a rapidly expanding market for cheap, lab grown semi precious stones.
So gold & silver definitely better as a longer term store of value.
Numismatic auctions in the UK can be a good source of stacking gold & silver - this was my source of supply a few years ago. Bullion Gold was easy to buy at spot or slightly lower (including buyers premium). Bullion Silver even then, was very difficult to buy at spot with buyers premium - I purchased usually slightly over spot, but mostly foreign origin coins.
These days, I don’t live in the UK - happily retired some where warm & sunny with my stack at the ready to supplement my pension when & if fiat inflation dictates.
I dont care if its not the best investment. I enjoy collecting this stuff. And i am saving way more money than i otherwise would have.
Gold (and silver) isn't for billionaires. Its not even for millionaires. They are covered in large assets like stock options and property and land. We, the common citizen, need precious metals as our assets to protect our smaller lives, because its actually affordable. Its indestructible God's money.
🤣 stay away from diamonds! Supply is artificially restricted by the few mines to keep prices high. Diamonds are very worthless.
Next go down the bitcoin rabbit hole, you won't be sorry,
Michael salor is a good guy to listen to.
If you really want to get rich with crypto, just make your own crypto then pump and dump it. But I am not that sick of an individual.
Buy bitcoin sell bitcoin buy gold
As YOU do lol shorts are annoying
Where did u get the scrap jewellery
Be interested just to see if you had invested that money in 2017 into say the top 3 shares and also crypto, let's see who would have made more!
gambling