Wise words Mr. SS, 👌. My buying is very sporadic, I buy then stop for a while ! I wish I could pound cost average!!!! Thanks for showing the shiny🙆♂️.
My saving strategy goes as follows: Keep 2 months worth of bills/expenses in current account. Once that amount is exceeded by say £500 or £1000, invest it into something. I currently aim for 10% as gold (long term wealth store), 10% as premium bonds (available in an emergency and for paying tax), rest in stock market. The trick is to make it harder to spend, so once it's invested you're less likely to waste the money on something if you have to go through extra steps to spend it. Also setting realistic but difficult targets for how much you want to save helped me, kind of gamifying it. If you have money in lots of different things its also a great excuse to make an awesome spreadsheet lol.
Exactly. Also good record keeping helps. Part of my savings spreadsheet has a detailed breakdown of all my expenses for each year. Good to keep track of direct debits and to see how much money you're spending frivolous nonsense and how it adds up! Less out of sight, less out of mind @@SovereignSaurus
Hi SS another great and informative video. Thanks for putting in the work to objectively present this data. From my own dealings both buying and selling and constantly watching markets. I agree the run up to December/ Christmas a good time to sell and Jan/Feb a good time to buy. I always thought it was Christmas related but probably wrong...Whist I have witnessed lower prices mid year, don't understand the correlation. Another thought provoking video
A lot of the gold price has to do with exchange rates, interest rates and market sentiment to name a few. The 'Santa rally' is quite prevalent though for some markets
I found this January gold price plateaued, considered this February as an even quieter month, I rang my usual contacts, acquired 2 full and 2 half George V sovs at very close to spot and in uncircumcised condition. Getting the 2 half sovs for the same price as a full was a bonus. Pre 1850 Victoria sovs, I've found, are so overpriced, value for money seems to be found in the George V era.
Both! 😁 I think it would just depend what was the best deal at the time of shopping. I like full sovs but can appreciate that the routine of more regular purchases might be a benefit too
Thanks that is very interesting I’ve stopped buying Sovereigns for the last 6 months as I still believe the price is going down I’m waiting for £370 before I start buying I could be wrong 😂
You're not wrong, having a structured strategy allows adjustments in other fields. However, I wouldn't turn down an opportunity to acquire something exceptional just for the sake of a few pounds.
This makes sense, I use this strategy with crypto DCAing (dollar cost averaging), it rarely pays off in trying to time the market. Bullion has slowed down, gold stock investors seem to be leaving, Bitcoin seems to be the shining star at the moment. But volatility can bite hard, the key, i think, is to have diversity.
As a data analyst, there is so much wrong with this. You are assuming seasonality without demonstrating that it exists. I assume this was just for sh^ts and giggles. As analysis, this is just plain bad. Dollar cost averaging works, but not for the reasons you mention.
8 months later, this video was spot on (looking at prices from now and then)
Interesting isn't it.... 👀
Very interesting. Recently I bought the quarter ounce British Gold Standard coin -Beautiful. Liked and sub’d
Lovely coins those nice pick up
Wise words Mr. SS, 👌.
My buying is very sporadic, I buy then stop for a while ! I wish I could pound cost average!!!!
Thanks for showing the shiny🙆♂️.
You are still averaging in a way with that especially if you buy when prices look a bit cheaper
My saving strategy goes as follows:
Keep 2 months worth of bills/expenses in current account. Once that amount is exceeded by say £500 or £1000, invest it into something. I currently aim for 10% as gold (long term wealth store), 10% as premium bonds (available in an emergency and for paying tax), rest in stock market. The trick is to make it harder to spend, so once it's invested you're less likely to waste the money on something if you have to go through extra steps to spend it. Also setting realistic but difficult targets for how much you want to save helped me, kind of gamifying it. If you have money in lots of different things its also a great excuse to make an awesome spreadsheet lol.
You’re LITERALLY losing money with bonds(provided you’re buying US Federal bonds)
UK Premium Bonds@@InappropriateShorts
I like it 🙌🏽 Having a plan and sticking with it can get you pretty far indeed
Exactly. Also good record keeping helps. Part of my savings spreadsheet has a detailed breakdown of all my expenses for each year. Good to keep track of direct debits and to see how much money you're spending frivolous nonsense and how it adds up! Less out of sight, less out of mind @@SovereignSaurus
Hi SS another great and informative video. Thanks for putting in the work to objectively present this data. From my own dealings both buying and selling and constantly watching markets. I agree the run up to December/ Christmas a good time to sell and Jan/Feb a good time to buy. I always thought it was Christmas related but probably wrong...Whist I have witnessed lower prices mid year, don't understand the correlation. Another thought provoking video
A lot of the gold price has to do with exchange rates, interest rates and market sentiment to name a few. The 'Santa rally' is quite prevalent though for some markets
Past performance does not garinty future returns.
DCA is indeed the best strategy.
Cheers ⚡️⚡️
🙌🏽
I found this January gold price plateaued, considered this February as an even quieter month, I rang my usual contacts, acquired 2 full and 2 half George V sovs at very close to spot and in uncircumcised condition.
Getting the 2 half sovs for the same price as a full was a bonus.
Pre 1850 Victoria sovs, I've found, are so overpriced, value for money seems to be found in the George V era.
Be wary the George V half Sovereign has the most fakes of any monarch Head
was George the v uncircumcised?.
@@oxtail2007 I never did find out for sure, but I've given him the benefit of the doubt.
@@oxtail2007 possibly,
@@oxtail2007😂
sovereign saurus, great video. Would you recommend buying 1 half sovereign every month, or one full sovereign every month and half or so?
Both! 😁 I think it would just depend what was the best deal at the time of shopping. I like full sovs but can appreciate that the routine of more regular purchases might be a benefit too
Thanks that is very interesting I’ve stopped buying Sovereigns for the last 6 months as I still believe the price is going down I’m waiting for £370 before I start buying I could be wrong 😂
You're not wrong, having a structured strategy allows adjustments in other fields.
However, I wouldn't turn down an opportunity to acquire something exceptional just for the sake of a few pounds.
Yes I’m not a collector I just buy bullion coins and mostly Sovereigns
Yeah it could well happen.
This makes sense, I use this strategy with crypto DCAing (dollar cost averaging), it rarely pays off in trying to time the market. Bullion has slowed down, gold stock investors seem to be leaving, Bitcoin seems to be the shining star at the moment. But volatility can bite hard, the key, i think, is to have diversity.
Yes definitely sleep better at night with some diversity
i am just starting to stack this month. my plan is a sovereign per month. is this a good opening strategy?
An excellent strategy if you ask me.
Sounds good to me, you might find this video interesting too (the power of buying one sovereign per month)
ua-cam.com/video/uZRUkgelkGI/v-deo.html
I find the best month is buy gold coins in is the month I have enough money.
this is so true and applies to most of us.
Haha yep can't fault that
Have to play the game to win the game. DCA🤙🏽 cheers 🥃
🍻
Gold.is typically ( but not always ) cyclical after summer holidays is usually awful until jan-feb I semi DCA but almost never buy those months .
Do you think it makes much odds on semi numismatic type coins?
Dollar cost average is the way 👍
👌🏽
The best month to buy physical gold is the month they call “every”
😁
You must be an addict!
...or have too much spare cash?
Head before heart I say.
Dip in and out.
Buy low, sell high.
Ma te le colleziioni o le vendi ?
la mia collezioni si
Those sovereigns look like brass. I don’t like the red at all.
Every time I look at them I think about getting rid of everything after George V 🤔
As a data analyst, there is so much wrong with this. You are assuming seasonality without demonstrating that it exists. I assume this was just for sh^ts and giggles. As analysis, this is just plain bad.
Dollar cost averaging works, but not for the reasons you mention.
Thanks for your comment, how would a data analyst summarise how dollar cost averaging works?
Yea no reply, always one who knows better.