This is What I would Buy With £500 or £5000 RIGHT NOW!
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- Опубліковано 20 жов 2024
- #Gold #silver #bank
Welcome to this informative video about buying gold and silver as an investment. In this video, we'll be exploring the different options available when investing in precious metals with a budget of £500 or £5000.
Let's start by discussing the options available when investing £500 in gold and silver. With this budget, you could purchase small amounts of both gold and silver, such as a few grams or a couple of ounces. Alternatively, you could invest in a larger quantity of silver, such as 100 ounces.
When it comes to composition, gold is a much denser and heavier metal compared to silver. This means that even a small amount of gold can be worth a significant amount of money, whereas a larger quantity of silver may be required to achieve the same value. Therefore, it's important to consider the different ratios and values of gold and silver before making a purchase.
Moving on to investing £5000 in gold and silver, you'll have a wider range of options available to you. For example, you could invest in larger quantities of both gold and silver, such as 1 kilogram of gold and 1000 ounces of silver. Alternatively, you could invest in a combination of coins and bars of varying sizes.
It's important to remember that the prices of gold and silver fluctuate constantly, so it's crucial to keep an eye on the market and understand the factors that can influence prices. Additionally, you should consider the purity and authenticity of the gold and silver you're investing in, as well as any associated storage and insurance costs.
In conclusion, investing in gold and silver can be a great way to diversify your investment portfolio and protect your money against inflation. When investing with a budget of £500 or £5000, it's important to consider the different options available and their composition, as well as keeping an eye on market fluctuations and ensuring the purity and authenticity of your investments. Thank you for watching, and happy investing!
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Great video, thanks. When someone that makes a living from selling silver warns people not to get carried away and keep buying it sets a really positive tone and provides balance oft missed by other commentators. Thanks BYB
Well said!
Great content for a new stacker like myself, 19minutes felt like just a few. Thanks.
Glad you enjoyed it!
Never really been bothered by the gold/silver ratio with the stack to be fair. I just buy what's good value at the time. Every now and then I'll offload some of one and convert it into the other when the price is in my favour. It's a constantly moving feast, but the end goal is simple - increase the stack :)
wise deeds, play the ratio in your favor
I approach it as a goal... not a budget as such - 200oz in Silver, 5oz in Gold as an emergency stash to start with, slowly make your way there :) - once there, you can diversify, or just expand.
Great vid and some interesting picks.. The stuff you said at the end is so true stacking has changed how we look at managing wealth and money thanks for sharing and shout out to the ramblers 🙌👍
Great presentation, thanks. I have all silver at the moment, and starting to think about small denominations of gold. I have junk silver too, and I like it because, at pre-1964, it may soon disappear. Good stuff for barter or small purchases if there is a serious crunch or depression.
Excellent video and once again sage advice. I must admit I would probably go for more gold than silver, however I love the feel of lots of silver coins clinking in my hand.
Great advice my friend. Thank you. 18 minutes wasn’t bad 😊
Glad you enjoyed it!
But what about the final 131 seconds? 🙃🙃
Great content as always, grateful for you sharing your wisdom.
Though in my £500 budget stack, I would make sure to have some 2023 year Britannia, King Arthur, Yale of Beaufort coins, as these are 2023 minted coins with Queen Elizabeth's head on!
These could have a small collectible premium in the future.
Also grab a few of the first Charles III coins as those can become collectible too!
They are all better coins to collect than most other generic silver coins or nom 2023 ones.
At least these coins have more of a collectability factor about them I really do think. Could demand a small premium.
Tudor beasts is a sleeper series I think. Though I only like the bullion versions.
Agree with you on the sovereign's though but a rare sovereign is not within a £500 budget I don't think.
Very tidy & well thought out. I just buy silver that catches my eye, very messy & very little thought involved.
Yes your accent is clearly British and I also love Britannias. Typically I purchase 90% silver, Sunshine rounds&bars, Canadian Maple Leafs, and Britannias
Interesting topic and smart advice, I would add some platinum with a £5000 budget, something like a platinum Tudor beast, or Britannia.
Interesting perspective...I do like the idea of "portability" and scaling in to building a stack of gold and silver..bit of a trade off sometimes with less weight = more premium I guess its about building over time..."dollar cost averaging"
If I had a 5k budget I’d be tempted to speculate on a lil piece of platinum too ❤
Yeah. Platinum is half the price of gold right now, so a half ounce, or even 1oz (in the £5000 budget of course) would help diversify. I'd lean a bit less into the silver, especially for you mob in the UK where I believe it is taxed
Always interesting, good to see I'm along basically the sames tracks. A little further in so also have some collectibles. Always stuck with coins and not bars tho especially with the CGT threshold going to zero.
I agree with the concept of splitting the investment across gold and silver and also the incremental value of single items. I would buy the sovereign at the £500 level and complete with some silver as per one of your examples. How can we track the historical record of sovereign prices ? Maybe also 1 oz silver coins ?
Very informative, thank you.
Thanks for watching!
another fantastic video! loads of info for an absolute beginer like me!
I would go for coins rather than bars in the UK. Coins from the Royal Mint are exempt from capital gains tax. For the £500 budget it wouldn't really matter but if you are investing thousands in bars and kept them for a few years, you may have to pay tax on the profit. Gold coins also have the benefit of being VAT exempt which means you can buy from a dealer and not have to pay an extra 20% on top.
Here in the netherlands only bars are taxed by VAT whereas silver coins are exempted from it. So coins are here the far better deal.
That was truly brilliant. You've given a great vision, from different viewpoints. Great for new collectors or intermediate level stackers. So's much information in a reasonably quick presension. As a relative new metal investor, I identified with a great deal of your viewpoint. Great video. Awesome, final thought, about not going all in. Great advise!
Stayed to the end. Very interest topic. 👍
Does the brand of silver bar matter ? Or is silver in bars just a weight thing?
the way I look at it is if you are on the move often say for work get your self a guard house storage box of a PCGS/NGC box, buy mainly gold and fill a tube with silver if you are settled down and don't see your self moving start a small stack and while you build it think about where you'd hide it you'd be surprised where I have found safes doing junk removal.
is it me, or do older sovereigns look yellower? less copper?
Older sovereigns have different alloy mix, some had zinc/copper, some silver, the later issues seem to have just copper maybe giving that rose gold look
Yep, older ones are better
Yeah not mad about the colour
Some people don't mind, but I dislike the newer rose sovereigns. They look like posh pennies. It's the copper and unfortunately I don't think it's changing anytime soon. That's why I would only buy the older ones.
Might be the mint location. I have Edward 4-6, young Elizabeth, older Elizabeth, all Victoria's and they all have the same hue
Great vid. Nice to see realy the ratio in front of you. I think the ratio you presented makes a lot of sense especially for the 5k budget. Personaly I would go for 70% gold (fractional like sovereigns) and 30% silver.
The £500 budget should have the full sovereign, You get the gold piece of the jigsaw first, i would advise anyone thinking of stacking to save up a budget that could get the initial gold coin/bar then you buy each new item to protect that first purchase, my first purchase was a 5g gold bar, then it was a 2011 half sovereign and everything i have stacked in the following 12 years has been to protect those initial purchases. But ooooh what i could do with a 5K budget.... (russells brain has left the chat and now in its own world of imaginary contemplting such delights)
Where can you get the Germania bars in the UK from pal?
What are your views on palladium and platinum ?
If you are in the UK buying silver ,none UK PMs, or bars for stacking is illogical , makes slightly more for collectables but that's difficult to predict . Higher premiums , VAT ( buying tax) , CGT ( Selling tax) the weight the bulk etc pure lunacy. The sensible option would be a combination of gold sovereigns and 1oz Britannia coins which is what advised my mother when she had £5000 to spend . The higher premiums at the buying end for coins is more than made up at the seling end .
Logical
I looked up what I would buy if I had that kind of money to spend right now and it came out to 2 gold buffalo's and 9 5 oz sunshine mint bars
I am always confused with the price of sovereigns, no matter how much i wish to buy them, i am never able to analyse its correct price, it's also because of the year of that sovereign was minted.
With the high prices AND premiums, I am in limbo.
It's certainly a tough time to start
I may be coming into around £70k soon and I’m considering investing around £20k into gold. I already have some silver. Just not sure if I should or not
Would say take your time.
Your a good educational gold and silver pumper, 😂
I am just focussing on gold. Not sure if I should get some Silver Britannias but they are just so expensive vs spot price in UK.
I am American and I prefer Royal Mint gold and silver. 👍
A couple of half sovs and the remaining in silver Britts would do it for me ( 500 pound stack 🙆♂️)
Before making a. decision. Find the silver and gold price every year from 1971 to 2023 . Then for each metal based on each year , each two years, each 5 years , each 10 years, each 20 years and 25 years, and 50yeare, calculate the difference gain/loss . This will give you 93 prices per metal . Found out how many times gold beats silver or silver beats gold. There is a very clear winner .
Do you think buying proof silver coins and paying around £16 ish per coin is a good bet ??
I've got around 30kg of the stuff I've been stacking as opposed to pure 999 silver it's of course 925 .
Am I making a mistake
I went for coins since silver bars are taxed 21% over here :( So coins are still the better deal here since those aren't taxed. Also the coinshops over here also buy your silver coins at a 15% premium here
Ive just been buying a few silver and 1/10 oz gold every month it soon builds up
Where are you getting 1kg bars for £700?
I mean if I came across $5,000, or decided to liquidate any of my paper savings into metals, I would certainly get one troy ounce of gold, maybe two, maybe a troy ounce of gold and a couple smaller pieces, or foreign coins that aren't pure, and of course the rest in silver. Sometimes I wonder if it would just be better, because if it's cash that I came across or was given to me, and I wasn't going to miss it, I might invest in some more 10kt white gold since it is palladium gold and I can wear it as a necklace and each link could be considered its own coin
are there any benefits of buying platinum over gold and silver?
Have you seen the price of eagles here in the US? Britannias please!!!
When do you think gold and silver will start to drop in price ?
Good video BYB
I am saving for my first coin
I was aiming for a 1/4oz Britannia.
I seem to get you’re saying sovereigns are better, also the same with krugerrand that they have less gold so why are they more appealing or popular?
Just because they have less gold doesn't make them less valuable. You pay for the gold content rather than the overall weight of an item. Sovereigns are globally popular, they are interesting, party of history and some of the nicest looking coins!
I am sorry to be a pain but the Britannia is 999.9 and the sov is 916.67
It makes no difference. A sovereign is 0.2354 ozt worth of gold, you pay the same amount of money for 0.2354 ozt worth of 9999 gold or 916.67 gold. Its about the gold content not the purity.
@@BackyardBullion I think am getting it.
I am 36 and had no interest in gold or coins or anything. Lot of regret. Only coins I knew were from Lethal Weapon 2, mate I appreciate you getting back to me.
@@BackyardBullionAnyone ever came up with a good calculator from Troy ounces etc?
Something worth considering?
Unallocated programmes with dealers? And then convert it to physical when the market conditions are right?
25.38$ usd spot price 20.30 gbp spot price at 4/12/23
Yes this rambler can confirm, it does get addictive.
Buy gold cause lowest premium of all PMS and is tier 1 asset.
Never sell until it’s life changing. Gold, CDE and QBTS is all you need 💰
Counting Eagles at spot is unrealistic when even a dealer will give you way over spot. You can't get a tube of 25 Eagles for anything close to £500 in the UK inc delivery. You can't even get 25 rounds for £500 unless damaged/milky. What you just showed is impossible, even on TSF/2nd hand market. The cheapest 1kg bars from platinum members are selling for north of £700, more like £750-760 inc ship. The Sovs are £390-400 or more + ship and the 1oz Britannia rarely comes up but it will be £1630/1650 + ship.
With CGT being cut to £6000 this year and potentially £3000 next year, it's a mistake to buy 1kg bars or anything other than legal tender CGT-free metals in the UK. Silver does NOT follow inflation, it has little to no correlation over decades and recent years. Look up a price chart.
Honestly this is woeful in terms of both practicality and realism for anyone in the UK or USA. As for your financial suggestions (not advice) on gold/silver ratios, it's been butchered. Listen to the professionals, this is advice they will give for free:-
For a security net you buy mostly gold, 60-80%, and the rest silver.
As an investor seeking returns, with the GSR at 80, you should favour silver. In that case your stack would be the reciprocal of the above with 60-80% silver
IDK why any rational person believes we will be bartering with silver when < 1% of the population hold physical silver and supermarkets/petrol stations have none. The only widely-recognised barter silver is constitutional silver in the US. It's small enough and prevalent enough to be used for trade, as it was pre-1965. In the UK we have no such supply or recognisability in silver. If the financial system completely fails you won't have to worry about mortgages or any of that as there will be no banks. Precious metals could be exchanged for coinage or other goods and services but without a financial system to set the price that everybody agrees upon, it's more likely a large stash or PMs ends up with you being robbed than bringing you security.
Your suggestion for 1kg bars is misinformation as those are not the best bars to hold even if you decided to buy bulk metals that attract CGT. You pay lower premiums on ugly 1kg slabs for a reason, they are much harder to transport and to sell. If you're slinging kilo bars you will either be booking a loss or paying CGT. You will pay more for the bars I would recommend - 10oz . Let's investigate TSF prices:- 10oz generic bars aren't coming up for less than £300 unless in poor condition, then it's £275 + ship. More attractive 10oz bars with design features or from RM are selling for north of £300. Generic 10oz bars will cost you the least in a full buy-sell cycle vs other sizes considering the premiums you pay and the premiums you will receive when selling. Other UA-camrs have crunched the numbers on this many times, it's negligent for you not to know this. This is more important to USA stackers than to UK stackers as again, CGT is a thing that can be avoided by buying only legal tender metals
Basically that was horrible from start to finish and terrible advice for a noob, a stacker or an investor. You did ask for comments, even if they disagree. It's not so much that I disagree it's more like you're living on a different planet. I'm incredulous about your price suggestions in this video when I have seen your sales come up on TSF. You were selling tubes of 2020 Britannias for £635 inc ship, so why are you even talking about Eagles or any coin at spot (i.e. £500)? The 10oz bars you are selling for 60% over spot. Even old/milky 1oz silver coins you were selling for £25+ ship. This video is disingenuous nonsense.
Yep still here good video
Where can I get a kg of silver for £700
I'd love a gold oz Britannia, very cool.
4 silver to 1 gold is a good investment i would say
try the new new zealand willy wonker chocolate bar 5 oz silver.
I am in the US and prefer Gold soverigns and Brittanias lol
My view, if you have £500 then get one gold piece. A quarter eagle or something. If you're just starting off, and you buy silver (unless you buy it through yourself), and you look at what you can sell it for a month later, you're going to be horrified.
Also, anyone who thinks they might have to sell 1 or 2 oz of silver, to get themselves out of a tight spot, should keep well away from buying metals.
Don't even think about it.
£500 OR £5000? At this late stage, I would use £4000 for Half sovereigns and £1000 in 1oz coins.
So I'm hoping for about 20 half sovereigns and 30 - 35oz of silver coins.
If only £500, I wouldn't bother with gold, so I would suffer the tax on about 20 x 1oz silver.
For 500 id buy a gold sovereign and 4 silver britanias
All that wasted money on VAT and premiums - if you don’t have the fiscal discipline to save for an ounce of gold you shouldn’t be in precious metals
Disagree 100%
@@BackyardBullion an ounce of gold will set you back ~6% in premiums, and ounce of silver will set you back 28% in VAT/Premiums - that's 28% being thrown away. Ok you can bring this down with bars, generic rounds or whatever you but you will never break 20% with the VAT. People investing this way tend to do so because they have less and think think they "can't afford" gold but then proceed to chuck 20% of of their savings out the window. If people aren't debt free (excluding mortgages) & have 2-3 months put away in living expenses already they shouldn't be investing in anything much less throwing away 20% when saving/investing
Everything you've just said that is factually incorrect. You can buy it silver with less premium than 20% and you can also sell silver very easily for over 25 to even 30% on the second hand market. If I needed to today right now I can quite easily get £28 ounce for any of my silver. So there is still definitely merit in buying silver
You only get the situation that you have described when you sell your silver back to a dealer. If you can't or don't have the time to research how to get the best price for your items when you're selling, then you really should not be buying in the first place. However, it is not difficult and it is something that many people should do to get the best value. Exactly too many people are lazy or ignorant.
@@BackyardBullion Even looking through the silver forum there seems to be quite a bit of debate on VAT in the second market and whether something collectible etc etc. As someone who lives in the UK - if I wanted exposure to silver it seems easier to buy an ETF and/or Mining stock which can be sold at the click of a button at market price and I wouldn't have to go around looking for the equivalent of a car boot sale to offload it
8x25=300, ?, sorry, could not help myself.
👍
18 minute cool kid 😎
Thanks, you are cool!!
For every 10oz of silver I buy I buy 1gram of gold
Jou come to late I buy much more
I wouldn't buy silver in the UK 20% VAT + 10% dealer mark up puts you 30% underwater straight off. If you want silver use an ETF like PHSP.L in your tax free ISA.
Only puts you underwater if a) you buy with full VAT - you can buy from 2nd hand market at about 15 to 20% over spot and b) if you sell your silver back at spot.
@Backyard Bullion Just be careful not to go over the VAT threshold (£83k revenue), or you could end up liable for the VAT you didn't charge.
Only if you are trading as a business. If you are just an investor and you can satisfy HMRC that you don't fall under the "badges of trade" then you are fine to sell as much of your investments as possible. Then, capital gains tax will apply of course on all non exempt items (royal mint coins are exempt remember)
Makes sense