What Kind of Gold & Silver Would or Should YOU Buy?
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- Опубліковано 28 лис 2023
- #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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The problem with silver is VAT and huge premiums on the price.
Silver 2 go before brexit was a dream looking back now :-)
Fair point but 5 years ago it was £11 a oz, I thought the same at the time and was unhappy paying £14 a oz, but now look
Pre brexit we had months of opportunity to stack low cost and low tax silver.
Having some great Royal Mint designs acquired from Europe cheaper than even the Royal Mint couldn't sell at.
Post brexit. lowest % premiums should guide or channel you into bullion sovereigns.
I personally reckon spare unallocated funds has diminished despite the expansion of currency supply.
Thanks for sharing a great vid BYB
Great video, a lot of very valid points raised 👍
Your video's are always great. I love the sence you talk
Great video, always interesting and thoughtful. Thanks for sharing and taking the time to make this
Well said, you're spot on.
I think of the technical analysts as tea leaf readers. They're always making predictions that never come to pass.
I think that stacking bullion for weight at the lowest premiums is the most sensible. I'm lucky to live in Australia and get items from the Perth Mint at much cheaper than most other sovereign mints. I bought the 1 oz gold dragon from Bullion Now for the same price as a kangaroo at only 2.5% premium, it's a win!
Very balanced view 👏👏
I buy what I like that I can afford. Hobby for me, not an investment.
Yeah fair points. By the way, thanks for the Balboa...I love that coin, looks amazing.
Excellent ramble really enjoy your input and thoughts on silver, honest unbiased opinion..Compared to RonsBasement pumping videos everyday about silver shooting to the moon and rediculous forecasts for last five years...will be watching many more of your videos as a long time stacker of gold and silver..ps I also have the same full silver 2oz Queens Beast collection and they are truly beautiful coins..😊👍👍🇬🇧
I buy silver coins (bullion & proof) that I like, I don’t expect to make anything with the VAT and premiums. It is all about beautiful artwork on metal and scratching my collector itch.
Can’t wait for gold to drop back down to the 1900s been saving up to get my first half ounce of gold instead of just buying 1/10 ozs
I love looking at the queen beast.
I think it's good to have a mixture of gold proofs and bullion. I like to buy gold proofs at the minute I think they are very reasonably priced at the moment for graded sovereigns and britannias while the spot price is high, hopefully will be good years down the line if bought cheaply. Then when spot goes down I will buy bullion again that's the plan anyway. Just feel that spot price will drop down soon so holding off bullion a touch.
I've bought a few proof coins and sets recently at knocked down price. The proofs are not much dearer than the bullion.
I got a 2001 britannia with a great design for just over spot, and a 1989 4 coin set trading in some of my bullion coins.
I always did well on the semi numis ( royal mint etc)
Nice ramble with some great points.
It is nice to hear how you made it through the BREXIT.
Cheers 🍻, Keep Stacking!
12:26 I agree. VAT on new silver is sore.
Where do you get your flat sided 41mm coin protectors from please?
I dont think spot price is high, minimum wage is shortly going up to £11.44 per hour, when spot price was £13oz in 2017 minimum wage was £7.50, in 2009 min wage was £5.80 and spot about £9. A good 2 hours work is good to get you an ounce of silver. People want wages out of their silver, those that mine it, those that design it, those that sell it, as the demand for the basic income inflates silver will naturally keep pace and thats without even considering energy costs or any other factors.
What will minimum wage be 10 years from now? And what will the vat at 20% on top of those demands look like? Min wage will be £20ph before we even realise and those dealing silver will need to make such an income on the premiums above and beyond spot price. That can easily see silver at £40 + premium + vat, you wont be buying a generic round for less than £60 in 2030!
Minimum wage could be over £16 ph in just 4 years if it continues at nearly10% increases and hyperbolic fun can be enjoyed by everyone, the taxes on such will make out 2 trillion debt look a bit more manageable.... ish.
I’ve collected the full set of 1oz gold Queens beasts . I called a local company to get an idea of what they are worth , and they offered me spot price ! What’s the best way of selling them ? Thanks .
With inflation at 10% high this year, everyone who stacked has lost out. The silver and gold prices are almost the same as last year but the £ is now worth 10% less. The markets are saturated, the premiums are very low, its hard to sell and make money. Personally, I'm just keeping an eye out for gold proof deals, which are scarce. Its not a good time for a quick turnaround at all. Just play the long game
Unless silver nearly doubles in price ,,it's not worth it with the tax and premium,s ,,some sites £45 a Oz ha ha waste of money ,,only buy shield backs sovereign,s they always goes up ,,collecters can't get enough ,,I go to lots coin auction,s and when any come up there's always a buzz in room ,,even with 30% commission always sells well
I think it depends on how you look at it. I think silver is a awful investment but as a long term rainy day fund I find it to be good. As a last resort for money. not only that but a stack of coins on a desk hits differently then a stack of cash on a desk in my opinion.
I wouldn't buy silver now (oh for the good old days of European Mint!). With premiums and VAT plus dealer buy back pricing, you need it to double just to break even. If I started now I'd buy gold quarter ounce Britannias.
What size are those gold coins you show off near the end of the video? Thanks!
Sovereigns, they are 0.2354 ozt of gold each and are about 8 grams each (22ct gold)
@@BackyardBullion Thank you!
Stacking strategy is to buy for weight forget about premiums ❤although I love American 🇺🇸 eagles 🦅if price is right 😂 great video
If your stacking then you will want to buy whatever gives you the most oz per £. Which for silver bullion coins, seems to be the 1oz aussie kangaroo right now.
Check the title mate
gold silver is way up right last couple of days
Like #10
I’d be tempted to retrofit that case to include the completer coin🪚🔨. Can’t go wrong with the humble sovereign 👌. Thanks for sharing.