I started with 5 oz.... 3 years later.... I can't stop and I lost count after 135..... One thing you need to talk about is the private market for bullion. For example, vintage bars/ rounds sell for a superior premium over generic bars/ rounds. German silver for Geiger is seen as the crème de la crème and sell for 65 to 90 an oz, a 20g geiger sells for 50 minimum.
If the dollar falls we are all in trouble it would mean most or all other currencies will have failed. The dollar is getting stronger in comparison to the others. Be careful what you wish for .
Gold and silver is a must have in any savings plan issued by your common sense. It's been this way for thousands of years. Don't worry about things you can't control and don't think you will get rich stacking gold or silver. It's always been a wealth preservation. Just save any chance you get for a rainy tomorrow. Wish for positive things to happen and don't think about negative things. They are still there if you worry or not. A healthy state of mind always starts with a good prayer to our creator. Then, your wish everyone a great day after kissing your wife and children if you have them. Take care of yourself. Be nice and productive. Be strong and positive. Buy this metals religiously for your savings ever chance you get. You all going to be ok. God bless you all.
I'm buying gold as part of a "Seesaw strategy" I noticed that the value of my pension dropped by about 15% this year while at the same time, gold jumped. If I invest in gold for 30 years while keeping up pension contributions at the same time, I see it as hedging my bets to ensure I can have some kind of decent retirement.
That’s smart. I feel that my work pension will collapse as it’s a sort of ponzi scheme relying on the growth of the newer contributions to pay for the retired. I also think the UK government will heavily tax lump sums in the future so I will be doing the same..... 50% is going in my own index funds and the other 50% is going on gold and silver.
That's not exactly how it works, anymore. Both the S&P and gold are going up. The USD is losing value. There's still some counterplay, but it's on a day-to-day basis, not long term. I don't expect to ever see gold below 1600 again. Not with how the four biggest central banks have created 10 trillion dollars in 2020, and how they're already creating more this year. The U.S. has 28 trillion dollars in national debt. They are running out of years where they can still service this debt. So, in the next few years, they either need to default, or dilute the USD into the ground. We've already seen hints of how they want to handle this.
Remember that gold/silver "skyrocketing" really means your fiat currency is devaluing. Gold does fluctuate in purchasing power i.e. at some points in time you are more "wealthy" for having it, but for the most part holding gold means you haven't gained or lost your real purchasing power (money). Gold going to $4000-8000/oz suddenly, which could happen, just means the things you used to buy with $1600 costs $4000-$8000 now because of inflation. If you want to really track gold's value or your purchasing power, you'd have to see what you can buy across time. The most common example people use is in Ancient Greece, a nice toga costed 1oz gold. Today, a nice suit costs 1oz gold. The thing is, generally, the cost of goods are getting cheaper over time; a cell phone in the 90's "costs" the same as a smartphone today.
Tony A I think it's been rigged to allow institutions to purchase at low low prices. Once they're satisfied and loaded up (might take another 10 years) we will finally see the value be allowed to go up.
Think long term. Stacking gold and silver is definitely not an investment. You have to think of it as another form of savings. Savings you can touch and look at it every day. Gold and silver is a hedge against fiat currency debasement.
@@saltydegen It's going to get steeper with all the QE they're dumping on us. I feel bad for anyone that still thinks "a day's work, a day's pay". The working class is the slave class. They work for nothing.
Love it!! I've bought a little gold and silver every month for the past 10 years and don't plan to stop. If I never need it, it'll be an awesome inheritance for our children. Socialism is the death of this great country and it's here to stay! Everything else I leave them will probably be taxed thru the roof, our house, money, etc. They will be able to sale their bullion a few ounces at a time as they need money and stay completely under the radar.
He shows us the 50 Peso Mexican gold coin at 2:40. It is stunning artistry. It's also a great way to buy common physical gold. For equally stunning Mexican silver bullion, check out the one ounce Libertad.
Mike miller, how to check if the gold or silver is real ? I have never invested in gold so could u recommend any test to check and where to buy a real one?
I worked as a gas station cashier collectively for 8 years. I saved EVERY SINGLE silver coin ive come across. Both from mine and my coworkers transactions (I caught the sound they make INSTANTLY, every time). I have over $250 in junk silver I accumulated for free. Even had a coworker sell me a silver eagle they happened to have for rounded-down-to-the-nearest-$ spot price ($20 at the time). They thought they were getting the better deal 😄🚬 These days I have a much better job, and have been properly stacking since
Hard stacking for 2 years, got my last delivery 3 weeks ago just before the Black Swan arrived. My strategy now is to switch to stacking cash for the foreseeable future to cover any out of work period and to in effect protect my stack so I don't have to sell it. Everything that is happening in the markets vis a vis gold and stock market extreme volatility has been well sign posted and we should all be following a well planned strategy and not reacting to the daily volatility. I'm comfortably on the sidelines building a cash reserve and sitting this one out. If the markets correct over the coming months and gold drops, I will be happy and will go back to buying gold. If this is the SHTF moment currently evolving then I can do no more than what I have stacked and am delighted that at least I will come out the other end with real money preserved.
Glad you can keep a level head, when I started stacking 10 years ago I was all in to the tin foil hat stuff, got burnt out and quit stacking for a while, started back up a couple years ago. Best thing you can do is come up with a good plan that’s level headed to diversify into metals and stick to it. Don’t dump all your cash into metals. There are plenty other good investments if you have the means and will. In this last few months every investment I’ve made had been smoked except my real estate and gold kind of holding its own decently as well.
The thing I think about is the manipulation of the price. So if silver is much cheaper than it really should be and if the manipulation stops then the price will skyrocket and if I bought low then it would be an investment ?
Love the emphasis on this being a savings plan rather than a growth investment or a get-rich-quick scheme. It's important to communicate that and you did that very effectively!
Be very careful out there 1st know your subject 2nd know your source 3rd know who you can trust. If you can deal with a known and trusted source. As an ex IFA I wouldn’t trust the market with a barge poll at this time, not unless you have loads of money to risk and RISK is your main profile. I was in the market in 1987 on black Monday and guess what it’s right back there at or about 5000. 33 years have passed and I made money and lost money. Just be very careful.
I hope gold can help me afford a deposit by not spending money on stupid crap. But stacking it when I can afford it as often as I can. Regardless, it seems better then spending it on stupid crap, it's depreciation is far better haha.
Excellent video. I started with silver a few years ago so have a few ounces. Need to get back to it. 2020 has made us all think about different investments.
Investing generally online is a very delicate issue, the pandemic also saw a rise in the demand for a contactless mode of payment alternative to paper cash. To show the importance of digital money also. I invest ceaselessly in Stocks, ETFs, Precious metals and cryptocurrency for we are in a digital time
@@BackyardBullion it's an investment & spendable with legislation in different States & having a K-exchange. I sent you my link about some from my Federal international gold bullion bar Bank
I have approximately 4-5% of my total portfolio in precious metals. Personally, I don't care what the metals price does once I've made a purchase. I look at my stacks as my 'end of the world' money; the thing I can use if a total economic meltdown ever were to happen. At such a time, gold and silver will be worth what they need to be worth, and the only thing that will matter in such a time is how much gold, silver and lead you've accumulated.
Is anyone else experiencing a problem with supply from dealers at the moment? I've been waiting for a half sovereign from a well-known postal dealer for much longer than normal and a (so far) five day delay in answering support or phone messages falls below their usual 24 hour response.
UK special delivery have just been self signing the parcels and throwing them into our unlocked porch! we got home last week to find our gold coins order of £6300 was just sitting on the floor in our porch with the door wide open!
Be careful when selling silver. Let's look at 1oz Maples with today spot at $14.85: My local PM dealer pays $7.11 melt value which means "we don't buy silver" to me. A huge online PM dealer buys for $18.27. On ebay, you could get around $25, but have to pay a 10% fee to ebay. Cheapest maple online is $24.83 (which is insane). Three conclusions: 1) Never sell for spot price. Most of the time, ebay is the best place to sell. 2) The VAT ain't a problem for silver. You just pass it over to the person you sell your coin. 3) Considering the low value of a 1oz coin, the buy-sell spread is moderate. Compare it to the 1/10 oz gold coins!
@@rnperrin16 Guys, I don't even dare to say what you gonna pay directly from some mints in Europe. People with guns would enter AND pay. My buy limit on ebay for German junk silver is $9 for ~1/2 oz. Luck for me is that this silver is not very liquid outside of Germany.
How can Gold and silver play a collateral role for an investment loan in the bank? And I'm from a small Kingdom called Swaziland. Nobody is talking about Gold and Silver. My question is how do I buy it in my region and if you can please recommend dealers in South Africa that you know
the trick is to secure the bag as soon as possible , get that amount of oz you feel is your safe zone . then spread out a bit more into other things :-D
Ive been freaked out that the economy is collapsing and that my money will be worthless and I will be unable to buy a new house while ive been on lockdown ( Im currently in between houses- bad timing! so I know- a Lot of worrying, right!!?) so Ive been buying gold - but have I?? so Ive just been buying paper apparently?? and not gold?! Ive also bought quite a lot of silver - that wont be available until June? WTH? Have I just been completely conned.. Im Feeling pretty freaked out atm and a bit of a schmuck as my home is on the line here
As Dory said, just keep on swimming. Every bit you purchase whether the market is up or down is still worth the overall investment, since there's no clear way to know if you've hit the bottom and time to buy the dip or wait and miss the window. Just buy when you can and keep on investing.
Hi BYB, Your videos (and from others in the precious metal community) are such a welcome distraction in the current times! Thank you. Keep up the good work and take care! Oh and I have been prohibited by the better half to buy or sell anything at the moment in order to avoid stepping out of the house to post and avoid unnecessary burden on the postal services. So, currently just watching the goings-on from a safe distance. Good luck!
I'm a total novice with a gram of Gold and 2 Silver coins - 1 Britannia and 1 Maple leaf. I like the idea of having some precious metals as a hedge against inflation... but this is the thing, in all honesty I still don't fully understand how it would ever help me. If fiat currency is so bad then why would I stack metals to get more fiat currency.
I can't find any bullion, gold or silver for sale online. Even 1oz. to 10oz bars are sold out on every site I've looked at. People with money are definitely making a move.
I have 609 oz of silver eagles bought at around $18.50 a piece over the years, some more some less but 18.50 is the median. For that price do you think my stacking was in good value?
In 1980 I saw it go from 3.50 an oz. to 50.00 almost overnight. But...during the same period, interest rates went from 6% to 22% and inflation was roaring ahead at 15-20% depending on the consumable. I thought for sure that silver would have reached $35./oz given this turmoil--but no one knows what lies ahead. Good luck.
people often complain about when you buy gold & silver you do not get a return. The reason for this is due to the fact when you buy Gold/Silver there is no risk like with depositing your money in to a bank account or stock. GOLD & silver are REAL money, gods money. It was here before any life form and will be here way after we all have gone!😀
@@ericmanget4280 what about tomorrow's dollar? Given that every central bank around the world has decided to copy Germany's 1920's economic strategy of printing currency to infinity, I think your comment is pretty naive. I wish you were right and I was wrong but that's just not going to be the case.
Gold is the only precious metal that doesn't have VAT at 20% added here in the UK as well as the 3% commission a dealer will charge. So I dont get why you bought so much silver. The only one benefitting is the tax man!!
I personally live in UK but buy from Germany, so my VAT is 0% for silver coins minted in the current year, so no VAT. Plus rn gold to silver ratio is 1:95, and when I bought most of my stack it was 1:85. Generally if it’s higher than 70 it makes sense to buy silver more, and when it dips just exchange it for gold🤷♂️🤙
So effectively you buy stacker gold or silver for savings or emergency funds and you have to do research and plan a exit strategy for short term buying and selling investments?
If you want to trade short term with metals you're best off buying paper gold/silver in the forms of Exchange Traded Funds (ETF's) or Gold/Silver Stocks. They're more easier to buy and sell than the physical commodity. But it's going to be very crucial with all this quantitative easing going on in the US/UK and Europe and the inflation from all that money printing will cause in the future.
@@CrypticOwl2173 peraonally i think abit of physical and gold and silver miners they always outperform everything when prices peak if you look at the past
Howdy everyone, I'm completely new to all of this, when it comes to investing in gold or silver. How would I be able to tell from real legit gold or fake gold? And, another thing, what are the best sites or sources to buy gold or silver? Thanks.
Search for legit gold providers. Research like how you do research other things. Background check. Reviews. How long has it been operating. Test it out. For example, can you bring your purchased gold to a certified gold buyer who will pay your gold in its weight value? If yes, then you know the seller is legit. Some tips: Look for as pure gold as possible. Namely 22k, 24k, 916 and 999. Another tip: Focus on weight because that is the value of gold (and silver) not brand. So if you buy gold jewelry for example, focus on how much gold is in that jewelry and how much weight it has. Don't make the mistake of getting gold jewellery for it's brand name, design or having lots of other valueless stuffs in it such as crystal and zircon etc. Make sure it is as much gold as possible. Focus on paying for the weight and not for the brand name or design. How do you know the weight value? Just Google 'gold price today'. If the item you want to buy is charged higher than gold value, it may be because of the brand, design and workmanship. So look for gold or gold jewelry seller with as little fee for brand name, design and workmanship as possible so you get as much weight value worth of gold as possible. Hope this helps.
good video! My racing season got cancelled, left me with a good amount of unspent money, i doubt silver/gold can be a worst investment than where that money was supposed to go anyway.
personally i buy it because when i got money i like to spend it so by buying big ingot a 1 kilo a week of silver i can spend it but when its going to be the time to uy a house i will probablt be able to pay most of it one shot
I've started stacking silver as my daughter is 2 and I'm gonna stack it for her 18th birthday present(sell and give her the cash) , would I be better off stacking 1/4oz gold coins
You sound like a good father regardless. If it were me I'd probably just save money in a bank for her. Say, 5 dollars a week. 16 years of 5 dollars a week ends up being around 4.3k which is great (in my opinion). When I was 18 (25 now) I was given 500 and I blew it all away like an idiot. Hopefully she'll be smarter, savvier and more mature than I was at the time. Might wanna make sure she's ready for the money before giving it to her but your call
If I were you I'd start educating her very early on about real-world money, precious metals and the real value of a dollar - in other words you have to work for it. I learned the value of $20 once buy blowing one on a subway 3-cups wheres-the-ball scam. And later, mowing lawns for $20. Get her into stacking rounds or coins (kind of like stamp collecting) with her allowance or whatever and if she turns out responsible, give her the stack instead. You just want to make sure she doesn't blow it.
Silver and gold are used in electrical components, the supposed last deposit of silver has begun the mining operation already, I don’t have specific information about that but with that information alone I know that I want to own as much of it as Possible.
Subbed... I have a question.... If the Queen were to unfortunately pass, do you think there would be a stop on coin production until a new coronation? Would the value of any QEII coins go up in value? I hate it but know that time gets us all and am curious on how this medium will proceed...
I suspect that the Royal Mint have got everything in place to continue production of coins with the new monarch on it almost immediately after the queen passes. I would imagine certain coins would go up in value - but who knows to be honest.
Not just exit strategy is important but overall stacking strategy as well. Do you want to stack silver/gold for a value of metal or you want to stack more valuable "collectibles" which are going to be higher on premium
Backyard Bullion put it another request for me for this too! There’s no videos easily accessible to just hear the clanking. Your video may just blow up if you’re the only one and you title/thumbnail it right
Hello friend. In My country the banks don't Buy or sell You silver or gold if You are not certified .The legal tenders coins such as the American silver or others is a tiny market.Even My country is a gold producer the market is very informal.I AM not sure what would be the best type of silver or gold to Buy according to my local conditions
Backyard Bullion Thanks. I got lucky. I was checking the prices throughout the morning and ordered just as the price was going back up again. Great content btw.
Is the fact that all central banks are debating their currencies not a good reason to buy PM as a store of value? As more currency is pumped into the system the relative value of your dollars, pounds, euros etc will fall. Whereas gold and silver would hold their value. Something to think about.
Silver makes no sense to me. I went through a lot of videos and heard a lot of arguments in the past months. Price goes down when there is an economic downturn, so it is not a hedge against recession/depression like gold. Goes up when the price of everything else goes up, so you may be missing a lot better investments. Thoughts?
Yeah it is a tough one to get your head around. It is very much a buy it and hold it kind of product. One that you have to work hard to release good margins on in the future. Thanks for stopping by and commentin!
I am finally receiving my very small order I placed on 3/16/2020, (when the price of silver was down at $12). They had run out. I bought two U.S. Silver Eagles for 40% under what they are currently sold at, and a Canada Maple Leaf for 35% under for what they are currently sold at. Just saying, that it pretty strange! To see silver go up from $12 an ounce to $15 an ounce in only that period of time is different.
A question. Do you think a £10 note is actually worth the paper it is printed on or is it worth more as toilet paper ? Is a gold sovereign worth the gold it is minted from. I know what my money would be on!
@backyard bullion I'm trying to get a gauge on what an "average" online premium for gold over spot was before all this? I'm assuming it was about 2% but I didn't do anything with gold...mostly just silver and I have benchmarks for that.
Barry, I think silver is trash in comparison to gold. Late March, silver dropped 30% - gold went up 15%. Silver is not a safe asset like gold. That said, silver is better than cash for sure.
The very best reason to have at least a kelo is the power of knowing you have substance that is solid today and tomorrow's. To unload it set up a booth at a market .
There is no chance in hell I would touch stocks with a ten foot pole yet, the bottom is not in yet. Gold and silver to go much, much higher. Still cheap, if you can get it. And that is my opinion.
@@fradrake11 there are a number of good bullion dealers, who sell Royal Mint bullion coins, but for cheaper than the Royal Mint itself. Problem is at the moment, due to this Covid-19, gold and silver are hard to get delivered, and most dealers are delaying delivery for now. But when they reopen again, you can look online for Atkinsons, they are among the best, also Chards. And for proof coins, the Royal Mint. RM has a bullion department as well, and they are still functioning currently.
Another fantastic video. Gold and Silver always were money and will be again. They are now a store of value in uncertain times. However, your real wealth is in your health. Be safe and well.
Earl Grey how is it going to go down though ? I been thinking maybe we could use all the cash that’s already there but make it 1/oz of silver = $1000 and then gold at $20,000 lol idk I wish ppl could explain how the gold standard was pre 1933
You had instilled a very refreshing, truly realistic and honest insight on the precious metals with an extremely concise and throughly thoughtful perspective for the individual interested to diversify their investments. Thank you.
Good price was $1680 in the beginning of May 2020 when this video was posted. It's now 4 months later and Gold is sitting at $2056. That's around $375 or 20.12% increase in 4 months.
The only reason I buy silver and gold,it’s just another way for me to save money..I would rather have some gold and silver bars to look at,then just some numbers on a screen.I know what I paid for every piece,so I’ll just hold off until the spot price is where I want it.
Hey man, European mint say they're getting the NZD Tokelau coins in 2 weeks. I've ordered from them before and been very happy, but I'm a little scared to pre-order the silver and that they will get the delivery here to the UK with everything going on. What do you think I should do?
researching gold and metals in building a portfolio. Seems people thinking metals as an "investment" is common but seeing how historically how paper fiat money declines it seems to me preserving some profit in metals is a good way to secure value. my goal is to build financial security for later in life. invest to build wealth, and perhaps reserve a small bit in metal as a security against failing money value.
hmm i bought £10028 worth of Brits and Sovs 9/3/19 just checked if sold back to Bullion by Post now would get £15226.20 not going to as is an emergency fund type thing but there are some easy short term profit to made. Great series though and thanks for info.
Hey guy's I am new to this I was considering buying alot of silver because since this COVID-19 thing has happened maybe we will see a global crash soon, would it be a good investment to buy silver now and sell in in the most likely recession? Would love advice.
The point of holding silver today is in case disaster strikes i.e. hyperinflation. This is increasingly becoming a possibility as all the worlds central banks print more and more fiat currency. If hyperinflation hits, your currency will become worthless and you could be in a lot of hardship. I'm not saying hyperinflation will happen, I'm just laying out the hypothetical that it could. If you have physical silver, you would be able to pay for necessities in a time of crisis. It could be via bartering for food, trading it for fiat, etc. You never want to buy physical PMs to just sell it. PMs are like emergency rations or a first aid kit; you have it just in case. A first aid kit can cost $1000 and it might be a rip off, but the question is "is it worth it to me?" Silver is a rip-off right now but it may be good to buy 100oz at almost double the spot price because it is scarce. That's your call. You can equally spend that money to stock up on dry foods and other necessities.
@@andrewfurusawa4609 Well, prepping might be one reason to stack, but it is not the only one, i personally do it for very different reasons, and think that, with your pattern of thinking, you would be better off buying ammunition and other things, because silver will not really be a good bartering/trading material in an end of the world scenario.
2020 is a tough year stocks down indices down currencies down so is better to start stacking precious metals because are the only ones you will not lose after this year. If you stop now you will lose all the advantages of stacking precious metals.
The “gold price” went from $380/oz. in November 1979 to $850 in January 1980, and back down to $500 in March 1980. ... By 1981, the dollar was rising back towards $300/oz. So, if gold did rise in value in the period 1970-present, it appears that this did not happen during the 1980s and 1990s.
If gold or silver rises to say $3000/oz and & $60/oz respectively, how hard will it be to get rid of it and will there be a capital gains tax on it? I think all of us that have it might find it hard to offload when we hit that point.
@@SnyderBearFarm How much do you think your local LCS can afford to buy off you? I got about 11oz of gld and 500oz slv. I'm sure I could sell it but I'm sure they'll be a lot of other sellers as well, and coin dealers may not want to buy at spot when prices are that high. We can probably sell but more than likely I'll be visiting multiple LCS's just to sell
@@danbiss87 if the price is going up more people are buying then they are selling, hence the price going up. if it starts dropping thats when you have a harder time selling as there are less buyers. if the price goes up to the point bullion dealers can not afford to buy anymore then you will definitely have zero issues selling it. if a lot of other people start selling then the price will go down.
@@SnyderBearFarm supply and demand doesn't play too much of a factor with pm's other than premiums paid on purchases. But as i stated if im holding 30k worth of pm's it will be hard to sell at high prices because I would be looking to avoid capital gains tax. Essentially i'll only be able to sell a little bit at a time
I have a Jewellery shop for over 25 years now an elderly gentleman in the trade told me at he start never sell a gram of scrap silver boy till the day you retire I looked at him like he was crazy as silver was around £3 an ounce so I would be buying in at £1.50oz at the time if I had listened I would have been half rich instead I took the small gains metal has given me a good life so I’m not complaining well maybe a little haha
The money in your pocket is in the same fluctuation all day every day. But do you dump your cash when it hits an all-time low, or do you just trust it will return? After all, it's the fiat currency we rely on for purchasing everything, including your gold and silver (unless you can get it with bitcoin). So don't worry about the market fluctuation, and just buy what you can afford. And then once you get your allowance, go buy some more.
I have mostly liquid assets...they are doing amazing and have better returns than gold and silver through the years, however I think I want atleast 10% of investing assets should be low risk physical assets
Things are going to be different when the currency collapses after hyperinflation. It is inevitable, and PM's as well as other useful hard assets are the hedge against it, and metals will skyrocket in that situation... that's the only logical outcome.
@@BackyardBullion I don't see how it is possible to keep a finite system infinitely expanding by just simply increasing the currency supply. The growth since the 2008 crisis has been simply propped up by currency injection and now that it is collapsing again our governments think they can keep the same scheme going by injecting even more currency. It's kind of like trying to sustain yourself on coffee indefinitely without actually sleeping and just taking more and more stimulant to stay awake. Collapse is inevitable and it happened in history ever other time. PMs are naturally valuable, exchangeable, divisible, etc and make an excellent store of value. Their full potential is not yet realized because the collapse hasn't yet fully taken place. Under such circumstances, PMs and other commodities will not behave according to typical market fluctuations. Just as n95 and hand sanitizer is rare and expensive during a healthcare collapse, gold and silver will be rare and expensive during currency collapse.
@ 4:03 you said: "of course stocks and shares over a course of 25 years are going to far outstrip gold and silver'. SOME Individual stocks yes. Like google and Amazon. But you can also pick stocks that went bust. Ever seen gold go bankrupt? Also, if you are investing in stock markets more broadly, tracking indices to minimise risks, like people's funds and pensions, it has long proven to be a stupid strategy to bet on the market. Simply look at the stats over the past 20 years and then say that again: 1 May 2000 DowJones @ 10522. Today almost 25000 = roughly an increase of x 1.5 in 20 years. 1 May 2000 Gold @ 271,1 Today topping 1700 = roughly an increase of x 6+ in 20 years (!) 1 May 2000 Silver @ 4855. today topping 17000 = increase of x 3+ in 20 years (and in a relative low/undervalued position compared to the overpriced stock market. And still completely outperforms any index. The only thing being far outstripped is the stock markets and currencies over time compared to Gold and Silver.
Well! Here in Australia, when our time of need has come to the fore, virus, job loss, stood down etc etc, the bullion dealers are all closed. I know it's only temporary, still not helpful when you want to sell. I now use GoldPass. Removes so many of the issues of liquidity.
Ooohhhh.... My collection is expanding, but still need such a pretty Gold Sovereign 😃 Wishing you all the best with getting favorable agreements for the EU in respect to the shiny metals !
I'm 29 not looking for a get rich quick deal. I'm not a high earner but was thinking of getting 1g gold bar and a few grams of silver each month. I'm thinking long term in about 30-40 years. Worth doing it at such a small quantity?
Would I be better buying 1 oz of silver $20 or 1gram of gold $70? I am buying them for the long term save and maybe try to learn making jewelry is something I really want to do.
It depends why you’re stacking. If it’s for resale, then bulk.... however, if you’re in line for some bread and meat and you are trading alongside one man with worthless inflated notes, the other with a gram of gold and yourself with a load of 1/10 silver coins.... It’s best you get a variety. Totally depends on the reason you’re stacking... fact that you’re stacking physical gold probably means you’re probably wanting a protection against the monetary system.
The thing I have to remind myself constantly is "It's not an investment." If silver hits 100+ I don't see that as a good thing. That means the Dollar/Euro/Yen/Pound's purchasing power has fallen. Now I don't have faith in fiat, but I hope we across the pond don't drag the world down with us.
Brilliant video mate. Can I just ask if you are paying silver today the spot price is something like €13/oz on the market, however when you go to pay you find out that with the sellers add one and VAT the sale prices is almost doubled to €23/oz. Would you recommend proceeding with the purchase?
This is the problem with silver right now, the premiums are very high. You need to ask yourself, in a years time, five years time, 10 years time will the price you paid be re-couped? Personally the premiumus we are seeing on silver right now are unsustainable and will not last. So, you are then tied to expecting the price of silver itself to go up significantly. Gold is much lower of a premium to buy and therefore has much less potential risk. Gold is where it is at for me.
![Fake Money Is Making You Poorer! Why Savers are LOSERS - Robert Kiyosaki [ Millennial Money ]](/img/n.gif)
As of Oct 19 2020, im the proud owner of 2 ounces of silver lol
Hey everybody starts somewhere
Yes indeed my friend, welcome to the club!
Indeed! I bought my first 2oz last week and then since the price dropped this week I bought 10oz
Never 2 late keep up the good work !
I started with 5 oz.... 3 years later.... I can't stop and I lost count after 135..... One thing you need to talk about is the private market for bullion. For example, vintage bars/ rounds sell for a superior premium over generic bars/ rounds. German silver for Geiger is seen as the crème de la crème and sell for 65 to 90 an oz, a 20g geiger sells for 50 minimum.
********* you have a fork?**********
it's not a question of how high PMs can go, but how low the dollar can go
HolyWaterBottle I like that statement!
The dollar is going up! and gold will go with it.
Exactly!
Exactly we know PMs can't go too much higher in the next 50 years unless the dollar collapses. The real question is how high can Bitcoin go? 🧐
If the dollar falls we are all in trouble it would mean most or all other currencies will have failed. The dollar is getting stronger in comparison to the others. Be careful what you wish for .
Gold and silver is a must have in any savings plan issued by your common sense. It's been this way for thousands of years. Don't worry about things you can't control and don't think you will get rich stacking gold or silver. It's always been a wealth preservation. Just save any chance you get for a rainy tomorrow. Wish for positive things to happen and don't think about negative things. They are still there if you worry or not. A healthy state of mind always starts with a good prayer to our creator. Then, your wish everyone a great day after kissing your wife and children if you have them. Take care of yourself. Be nice and productive. Be strong and positive. Buy this metals religiously for your savings ever chance you get. You all going to be ok. God bless you all.
Excellent comment. Sufficient unto the day! You have a blessed day my friend!
excellent comment indeed! have a wonderful day and God bless!
You are stupid bro
Wish for? Wtf? Lmmao!!!!!
God bless you good sir.
I'm buying gold as part of a "Seesaw strategy" I noticed that the value of my pension dropped by about 15% this year while at the same time, gold jumped. If I invest in gold for 30 years while keeping up pension contributions at the same time, I see it as hedging my bets to ensure I can have some kind of decent retirement.
That’s smart.
I feel that my work pension will collapse as it’s a sort of ponzi scheme relying on the growth of the newer contributions to pay for the retired.
I also think the UK government will heavily tax lump sums in the future so I will be doing the same..... 50% is going in my own index funds and the other 50% is going on gold and silver.
That's not exactly how it works, anymore. Both the S&P and gold are going up. The USD is losing value. There's still some counterplay, but it's on a day-to-day basis, not long term. I don't expect to ever see gold below 1600 again. Not with how the four biggest central banks have created 10 trillion dollars in 2020, and how they're already creating more this year.
The U.S. has 28 trillion dollars in national debt. They are running out of years where they can still service this debt. So, in the next few years, they either need to default, or dilute the USD into the ground. We've already seen hints of how they want to handle this.
Remember that gold/silver "skyrocketing" really means your fiat currency is devaluing. Gold does fluctuate in purchasing power i.e. at some points in time you are more "wealthy" for having it, but for the most part holding gold means you haven't gained or lost your real purchasing power (money). Gold going to $4000-8000/oz suddenly, which could happen, just means the things you used to buy with $1600 costs $4000-$8000 now because of inflation.
If you want to really track gold's value or your purchasing power, you'd have to see what you can buy across time. The most common example people use is in Ancient Greece, a nice toga costed 1oz gold. Today, a nice suit costs 1oz gold. The thing is, generally, the cost of goods are getting cheaper over time; a cell phone in the 90's "costs" the same as a smartphone today.
agree!
Andrew Furusawa Silver seems like a better bet. Medical, warfare and tech uses lots of silver and not slowing down
Except existing fixed rate loans like real estate
Silver price is rigged. Thats the ugly truth. Gods money. The peoples money
Tony A I think it's been rigged to allow institutions to purchase at low low prices. Once they're satisfied and loaded up (might take another 10 years) we will finally see the value be allowed to go up.
Think long term. Stacking gold and silver is definitely not an investment. You have to think of it as another form of savings. Savings you can touch and look at it every day. Gold and silver is a hedge against fiat currency debasement.
16% rise on average per year since 2014 lows.
@@saltydegen
It's going to get steeper with all the QE they're dumping on us. I feel bad for anyone that still thinks "a day's work, a day's pay". The working class is the slave class. They work for nothing.
Without gold and silver paper isn't worth shit 😂😂😂😂
It will be worth mire than a lot of stocks
Love it!! I've bought a little gold and silver every month for the past 10 years and don't plan to stop. If I never need it, it'll be an awesome inheritance for our children. Socialism is the death of this great country and it's here to stay! Everything else I leave them will probably be taxed thru the roof, our house, money, etc. They will be able to sale their bullion a few ounces at a time as they need money and stay completely under the radar.
He shows us the 50 Peso Mexican gold coin at 2:40. It is stunning artistry. It's also a great way to buy common physical gold. For equally stunning Mexican silver bullion, check out the one ounce Libertad.
Love this coin, one of my all time favourites.
Indeed. Mexican pesos is my Go-To gold purchase. It’s amongst the most beautiful gold and tends to have a lower premium over cost.
I have been in the markets for 23 years seen lots of ups and downs...yes i own physical metals ..i own no paper metals and have no desire to.
Thanks for sharing your thoughts, very interesting
What are you thoughts on ETC's backed by gold bullion?
Mike miller, how to check if the gold or silver is real ? I have never invested in gold so could u recommend any test to check and where to buy a real one?
Muhmmad Adil bite it
@@Mike-gz4xn Great...now I need to go to the dentist and they're all quarantined. :(...
I keep stacking and my family thinks that I'm crazy lol.
Same I'm 14 and my parents think I'm retarded lol
@@Urtrashfr How is a 14 year old able to buy gold -_-
@@ericmanget4280 my family is wealthy
@@Urtrashfr lol
@@Urtrashfr If they are wealthy then buy gold...goof
I worked as a gas station cashier collectively for 8 years. I saved EVERY SINGLE silver coin ive come across. Both from mine and my coworkers transactions (I caught the sound they make INSTANTLY, every time). I have over $250 in junk silver I accumulated for free. Even had a coworker sell me a silver eagle they happened to have for rounded-down-to-the-nearest-$ spot price ($20 at the time). They thought they were getting the better deal 😄🚬
These days I have a much better job, and have been properly stacking since
An amazing story, thanks for sharing!
They thought they were pulling a fast one on ya 🤣
Hard stacking for 2 years, got my last delivery 3 weeks ago just before the Black Swan arrived. My strategy now is to switch to stacking cash for the foreseeable future to cover any out of work period and to in effect protect my stack so I don't have to sell it. Everything that is happening in the markets vis a vis gold and stock market extreme volatility has been well sign posted and we should all be following a well planned strategy and not reacting to the daily volatility. I'm comfortably on the sidelines building a cash reserve and sitting this one out. If the markets correct over the coming months and gold drops, I will be happy and will go back to buying gold. If this is the SHTF moment currently evolving then I can do no more than what I have stacked and am delighted that at least I will come out the other end with real money preserved.
Thats me exactly...cant feel comfy buying gold at this price!
Glad you can keep a level head, when I started stacking 10 years ago I was all in to the tin foil hat stuff, got burnt out and quit stacking for a while, started back up a couple years ago. Best thing you can do is come up with a good plan that’s level headed to diversify into metals and stick to it. Don’t dump all your cash into metals. There are plenty other good investments if you have the means and will. In this last few months every investment I’ve made had been smoked except my real estate and gold kind of holding its own decently as well.
where can i buy physical gold? Im afraid of b2ing ripped of. Please help
Online bullion dealers, the big ones are the best bet.
Yes big online dealers, specific to where in the world you live.
The thing I think about is the manipulation of the price. So if silver is much cheaper than it really should be and if the manipulation stops then the price will skyrocket and if I bought low then it would be an investment ?
Yes, possibly. It's all about how you intend to exit and when
When silver gets up to a good price. Convert to gold.
Ariel Spencer And since everyone holding silver bullion is planning on doing it, it is risky! I hope you have some gold now.
@Invesigator 2 ;4 days ago (edited).....
the video was released: 25 Mar 2020?
was your post supposed to be ironic or did you edit it to say that?
Love the emphasis on this being a savings plan rather than a growth investment or a get-rich-quick scheme. It's important to communicate that and you did that very effectively!
I think it is the only real way to look at it to be honest, Thanks for stopping by and commenting.
Be very careful out there 1st know your subject 2nd know your source 3rd know who you can trust. If you can deal with a known and trusted source. As an ex IFA I wouldn’t trust the market with a barge poll at this time, not unless you have loads of money to risk and RISK is your main profile. I was in the market in 1987 on black Monday and guess what it’s right back there at or about 5000. 33 years have passed and I made money and lost money. Just be very careful.
Good knowledge and sentiments here. Thanks for stopping by!
Yep!
Title made it seem like a overflow of fake gold and silver hit the markets
I hope gold can help me afford a deposit by not spending money on stupid crap. But stacking it when I can afford it as often as I can. Regardless, it seems better then spending it on stupid crap, it's depreciation is far better haha.
Excellent video. I started with silver a few years ago so have a few ounces. Need to get back to it. 2020 has made us all think about different investments.
It certainly has been an eye opening year!
Investing generally online is a very delicate issue, the pandemic also saw a rise in the demand for a contactless mode of payment alternative to paper cash. To show the importance of digital money also. I invest ceaselessly in Stocks, ETFs, Precious metals and cryptocurrency for we are in a digital time
How can I get familiar and acquainted to stock investments, I have a keen interest in that
Look up Mr Eddy Bruke or
Connecteddybruke@gma!l, to enquire more and get familiar with how it works
But digital money is still fiat currency, wouldn't it be better to take that money and invest it into silver?
im stacking bars bc i love the feel and the conversation not to mention plating with the metal, trying to learn to make jewelry
Bars are awesome!
I live like a pirate i will chase gold and silver and booze
@@BackyardBullion it's an investment & spendable with legislation in different States & having a K-exchange. I sent you my link about some from my Federal international gold bullion bar Bank
Those are the best reasons I’ve heard anyone say for owning it
I have approximately 4-5% of my total portfolio in precious metals. Personally, I don't care what the metals price does once I've made a purchase. I look at my stacks as my 'end of the world' money; the thing I can use if a total economic meltdown ever were to happen. At such a time, gold and silver will be worth what they need to be worth, and the only thing that will matter in such a time is how much gold, silver and lead you've accumulated.
Do not forget brass and primers...
And food.
@@HammyGirl999 I love food. I can't imagine my life without it :)
Thankfully I stacked cash the last few years for if gold ever dipped, it didn't so im ok for money but wish I'd had time get more silver
You should have a gun with ammo, as like the riots going on now, thing could get very bad.
Is anyone else experiencing a problem with supply from dealers at the moment? I've been waiting for a half sovereign from a well-known postal dealer for much longer than normal and a (so far) five day delay in answering support or phone messages falls below their usual 24 hour response.
UK special delivery have just been self signing the parcels and throwing them into our unlocked porch! we got home last week to find our gold coins order of £6300 was just sitting on the floor in our porch with the door wide open!
Literally buying silver because I like the idea of having a precious metal.
Same here!! 😄
meee too! I also like the colour and a kilo bar fits into anyone's hand nicely
Any suggestions on where to learn plating?
@@durtyd9625 no idea to be honest
Harder to mine than gold too!
Where do you recommend purchasing gold coins or where did you buy them? where’s the best place to sell them down the line?
It depends on where you are based. The Silver Forum is in my experience the best place to buy and sell.
Be careful when selling silver. Let's look at 1oz Maples with today spot at $14.85: My local PM dealer pays $7.11 melt value which means "we don't buy silver" to me. A huge online PM dealer buys for $18.27. On ebay, you could get around $25, but have to pay a 10% fee to ebay. Cheapest maple online is $24.83 (which is insane).
Three conclusions:
1) Never sell for spot price. Most of the time, ebay is the best place to sell.
2) The VAT ain't a problem for silver. You just pass it over to the person you sell your coin.
3) Considering the low value of a 1oz coin, the buy-sell spread is moderate. Compare it to the 1/10 oz gold coins!
Totally agree with what you have said - if you have a good exit strategy that does not involve dealers you will be better placed to get better prices.
In Canadian currency, 24 is a steal
24 for a maple? In NZ you'll pay twice that price and thats when silver is low....
@@rnperrin16 Guys, I don't even dare to say what you gonna pay directly from some mints in Europe. People with guns would enter AND pay. My buy limit on ebay for German junk silver is $9 for ~1/2 oz. Luck for me is that this silver is not very liquid outside of Germany.
How can Gold and silver play a collateral role for an investment loan in the bank?
And I'm from a small Kingdom called Swaziland. Nobody is talking about Gold and Silver. My question is how do I buy it in my region and if you can please recommend dealers in South Africa that you know
the trick is to secure the bag as soon as possible , get that amount of oz you feel is your safe zone . then spread out a bit more into other things :-D
How so? I wanna learn something new
@@Winningsince95 If you bought BTC 5 months you would have doubled your money
Ive been freaked out that the economy is collapsing and that my money will be worthless and I will be unable to buy a new house while ive been on lockdown ( Im currently in between houses- bad timing! so I know- a Lot of worrying, right!!?) so Ive been buying gold - but have I?? so Ive just been buying paper apparently?? and not gold?! Ive also bought quite a lot of silver - that wont be available until June? WTH? Have I just been completely conned.. Im Feeling pretty freaked out atm and a bit of a schmuck as my home is on the line here
you should've been buying stocks and etfs when they were at their lowest not pm's when they were at their highest.
Many people purchase credit with their money. As for me? I prefer to purchase money with my credit.
The problem is you can't eat the gold. And those people need food on the table.
As Dory said, just keep on swimming. Every bit you purchase whether the market is up or down is still worth the overall investment, since there's no clear way to know if you've hit the bottom and time to buy the dip or wait and miss the window. Just buy when you can and keep on investing.
Hi BYB,
Your videos (and from others in the precious metal community) are such a welcome distraction in the current times! Thank you. Keep up the good work and take care!
Oh and I have been prohibited by the better half to buy or sell anything at the moment in order to avoid stepping out of the house to post and avoid unnecessary burden on the postal services. So, currently just watching the goings-on from a safe distance. Good luck!
Your kind words are very nice to hear, glad you are enjoying them! I think staying at home is key, stay safe my friend!
I'm a total novice with a gram of Gold and 2 Silver coins - 1 Britannia and 1 Maple leaf. I like the idea of having some precious metals as a hedge against inflation... but this is the thing, in all honesty I still don't fully understand how it would ever help me. If fiat currency is so bad then why would I stack metals to get more fiat currency.
I can't find any bullion, gold or silver for sale online. Even 1oz. to 10oz bars are sold out on every site I've looked at. People with money are definitely making a move.
I wonder where they are at. I have a bunch of ASE that are worth a lot more than spot and would love to let them have it.
TRY COININVEST.
I'm still confused actually about the original and fake products , could you advise for the long term investment , I mean to buy and save
I have 609 oz of silver eagles bought at around $18.50 a piece over the years, some more some less but 18.50 is the median. For that price do you think my stacking was in good value?
goodkat - yes. Just don’t add to it. Go gold from now on... we’ll, when the price goes down.
If you had put that $11.2 thousand in the stock market you could have... $4,000 by now.
@Kim Wallace A little bit but this is reality. goodkat ultimately made a good call imo. 5 years ago it would have been a bad call.
Where did u buy from ?
In 1980 I saw it go from 3.50 an oz. to 50.00 almost overnight. But...during the same period, interest rates went from 6% to 22% and inflation was roaring ahead at 15-20% depending on the consumable. I thought for sure that silver would have reached $35./oz given this turmoil--but no one knows what lies ahead. Good luck.
people often complain about when you buy gold & silver you do not get a return. The reason for this is due to the fact when you buy Gold/Silver there is no risk like with depositing your money in to a bank account or stock. GOLD & silver are REAL money, gods money. It was here before any life form and will be here way after we all have gone!😀
no one pumps $100k oz silver. Usually $600 oz, plus or minus. Thats where the numbers point to when/if price rigging ends
Thanks for sharing
Silver is never going to $100k per oz, relative to the value of today's dollar.
Eric Manget I can see silver going to Golds price, so 1-2k / oz but that’s at most.
@@ericmanget4280 what about tomorrow's dollar?
Given that every central bank around the world has decided to copy Germany's 1920's economic strategy of printing currency to infinity, I think your comment is pretty naive. I wish you were right and I was wrong but that's just not going to be the case.
@@nathancash8346 The germany 1920 senario isn't happening ever with the us dollar simply because it's a global reserve currency.
Where can you purchase gold/silver? First timer here and want to make sure I don't get ripped off buying low quality items
Apmex.com get the american eagle Gold
Gold is the only precious metal that doesn't have VAT at 20% added here in the UK as well as the 3% commission a dealer will charge. So I dont get why you bought so much silver. The only one benefitting is the tax man!!
Does this also apply to other EU countries?
I personally live in UK but buy from Germany, so my VAT is 0% for silver coins minted in the current year, so no VAT. Plus rn gold to silver ratio is 1:95, and when I bought most of my stack it was 1:85. Generally if it’s higher than 70 it makes sense to buy silver more, and when it dips just exchange it for gold🤷♂️🤙
So effectively you buy stacker gold or silver for savings or emergency funds and you have to do research and plan a exit strategy for short term buying and selling investments?
Here in California if you buy a coin over $1500 you don't have to pay tax, so it encourages buying one oz gold or more
Very interesting thanks for sharing
actually that's an incentive to the rich. Most mid class people buy fractions at a time.
@@budbruni4696 it seems like rich people get all the tax breaks
If you want to trade short term with metals you're best off buying paper gold/silver in the forms of Exchange Traded Funds (ETF's) or Gold/Silver Stocks. They're more easier to buy and sell than the physical commodity. But it's going to be very crucial with all this quantitative easing going on in the US/UK and Europe and the inflation from all that money printing will cause in the future.
What about investment in silver and gold miners is that not a good idea???
buy physical gold/silver. Dont't invest in miners or paper gold/etfs/stocks
@@CrypticOwl2173 peraonally i think abit of physical and gold and silver miners they always outperform everything when prices peak if you look at the past
Howdy everyone, I'm completely new to all of this, when it comes to investing in gold or silver. How would I be able to tell from real legit gold or fake gold? And, another thing, what are the best sites or sources to buy gold or silver? Thanks.
Search for legit gold providers. Research like how you do research other things. Background check. Reviews. How long has it been operating. Test it out. For example, can you bring your purchased gold to a certified gold buyer who will pay your gold in its weight value? If yes, then you know the seller is legit.
Some tips: Look for as pure gold as possible. Namely 22k, 24k, 916 and 999.
Another tip: Focus on weight because that is the value of gold (and silver) not brand. So if you buy gold jewelry for example, focus on how much gold is in that jewelry and how much weight it has.
Don't make the mistake of getting gold jewellery for it's brand name, design or having lots of other valueless stuffs in it such as crystal and zircon etc. Make sure it is as much gold as possible.
Focus on paying for the weight and not for the brand name or design. How do you know the weight value? Just Google 'gold price today'.
If the item you want to buy is charged higher than gold value, it may be because of the brand, design and workmanship. So look for gold or gold jewelry seller with as little fee for brand name, design and workmanship as possible so you get as much weight value worth of gold as possible.
Hope this helps.
good video! My racing season got cancelled, left me with a good amount of unspent money, i doubt silver/gold can be a worst investment than where that money was supposed to go anyway.
personally i buy it because when i got money i like to spend it so by buying big ingot a 1 kilo a week of silver i can spend it but when its going to be the time to uy a house i will probablt be able to pay most of it one shot
God showed me it will hit 6 k for one ounce of gold but he didn’t show me when we prophesy in parts
Amen
My gold and silver isnt about profit, ill never exchange my metal for fiat. This is my money, my retirement, my families future.
I've started stacking silver as my daughter is 2 and I'm gonna stack it for her 18th birthday present(sell and give her the cash) , would I be better off stacking 1/4oz gold coins
Depends on how often you are buying my friend. I think regardless it is a great idea.
I would buy gold 100%.
Buy tech stock instead. She will be rich by her 18th birthday, gold don’t make money, google or apple does.
You sound like a good father regardless. If it were me I'd probably just save money in a bank for her. Say, 5 dollars a week. 16 years of 5 dollars a week ends up being around 4.3k which is great (in my opinion). When I was 18 (25 now) I was given 500 and I blew it all away like an idiot. Hopefully she'll be smarter, savvier and more mature than I was at the time. Might wanna make sure she's ready for the money before giving it to her but your call
If I were you I'd start educating her very early on about real-world money, precious metals and the real value of a dollar - in other words you have to work for it. I learned the value of $20 once buy blowing one on a subway 3-cups wheres-the-ball scam. And later, mowing lawns for $20. Get her into stacking rounds or coins (kind of like stamp collecting) with her allowance or whatever and if she turns out responsible, give her the stack instead. You just want to make sure she doesn't blow it.
Silver and gold are used in electrical components, the supposed last deposit of silver has begun the mining operation already, I don’t have specific information about that but with that information alone I know that I want to own as much of it as Possible.
Subbed... I have a question.... If the Queen were to unfortunately pass, do you think there would be a stop on coin production until a new coronation? Would the value of any QEII coins go up in value? I hate it but know that time gets us all and am curious on how this medium will proceed...
I suspect that the Royal Mint have got everything in place to continue production of coins with the new monarch on it almost immediately after the queen passes. I would imagine certain coins would go up in value - but who knows to be honest.
@@BackyardBullion It is weird to think about anyone else's face on those coins...
Not just exit strategy is important but overall stacking strategy as well. Do you want to stack silver/gold for a value of metal or you want to stack more valuable "collectibles" which are going to be higher on premium
could you make a video clacking the silver bar's together... and even the gold bars together? for that sweet ding sound ^_^
I will add it to the long list of requests people have made!
No add just do lol
Backyard Bullion put it another request for me for this too! There’s no videos easily accessible to just hear the clanking. Your video may just blow up if you’re the only one and you title/thumbnail it right
@@NickFortier ua-cam.com/video/UQnEiqCeeJ8/v-deo.html
Here u go. I made this vid a while back
@@TNoStone ua-cam.com/video/UQnEiqCeeJ8/v-deo.html
Here u go. Me clacking my poured silver lol
Hello friend. In My country the banks don't Buy or sell You silver or gold if You are not certified .The legal tenders coins such as the American silver or others is a tiny market.Even My country is a gold producer the market is very informal.I AM not sure what would be the best type of silver or gold to Buy according to my local conditions
Last week I was able to pick up 10 Silver Britannias (1oz) for £156....just before orders stopped being taken.
That's a great price! Shame it's no longer available
Backyard Bullion Thanks. I got lucky. I was checking the prices throughout the morning and ordered just as the price was going back up again. Great content btw.
Is the fact that all central banks are debating their currencies not a good reason to buy PM as a store of value?
As more currency is pumped into the system the relative value of your dollars, pounds, euros etc will fall. Whereas gold and silver would hold their value. Something to think about.
Silver makes no sense to me. I went through a lot of videos and heard a lot of arguments in the past months.
Price goes down when there is an economic downturn, so it is not a hedge against recession/depression like gold. Goes up when the price of everything else goes up, so you may be missing a lot better investments.
Thoughts?
Yeah it is a tough one to get your head around. It is very much a buy it and hold it kind of product. One that you have to work hard to release good margins on in the future. Thanks for stopping by and commentin!
I am finally receiving my very small order I placed on 3/16/2020, (when the price of silver was down at $12). They had run out. I bought two U.S. Silver Eagles for 40% under what they are currently sold at, and a Canada Maple Leaf for 35% under for what they are currently sold at. Just saying, that it pretty strange! To see silver go up from $12 an ounce to $15 an ounce in only that period of time is different.
A question. Do you think a £10 note is actually worth the paper it is printed on or is it worth more as toilet paper ? Is a gold sovereign worth the gold it is minted from. I know what my money would be on!
@backyard bullion I'm trying to get a gauge on what an "average" online premium for gold over spot was before all this? I'm assuming it was about 2% but I didn't do anything with gold...mostly just silver and I have benchmarks for that.
I would say the average premium was about 3% really, unless you bought large quantities or very bad quality bullion
@@BackyardBullion thank you so much for that information
Which companies are the best to bye uk gold
Its the same everywhere silver is trash,only gold works,everywhere you pay high for silver and ur not getting real value
I totally agree, it feels bad Vue to buy silver right now, gold not so much
Barry, I think silver is trash in comparison to gold. Late March, silver dropped 30% - gold went up 15%. Silver is not a safe asset like gold. That said, silver is better than cash for sure.
The very best reason to have at least a kelo is the power of knowing you have substance that is solid today and tomorrow's. To unload it set up a booth at a market .
There is no chance in hell I would touch stocks with a ten foot pole yet, the bottom is not in yet. Gold and silver to go much, much higher. Still cheap, if you can get it. And that is my opinion.
Thanks for sharing your thoughts
What about gold mining stocks? Price of gold goes up, the stock goes up. Plus they usually pay dividends. And you can cash out anytime.
Best place to buy gold or silver for someone buying for the first time and wanting to do it long term?
can you advise whare to buy gold or silver in the uk? Thinking long term saving.
@@fradrake11 there are a number of good bullion dealers, who sell Royal Mint bullion coins, but for cheaper than the Royal Mint itself. Problem is at the moment, due to this Covid-19, gold and silver are hard to get delivered, and most dealers are delaying delivery for now. But when they reopen again, you can look online for Atkinsons, they are among the best, also Chards. And for proof coins, the Royal Mint. RM has a bullion department as well, and they are still functioning currently.
Another fantastic video. Gold and Silver always were money and will be again. They are now a store of value in uncertain times. However, your real wealth is in your health. Be safe and well.
Nice stack man. Pretty cool.
Thanks my friend!
Where should i buy legit gold or silver? To save the value of my money?
GenRock! I was going to go to the pawn shop that’s what my dad said they sell.
Relative to your currency. Exactly.
Fiat is going to crash. This major debt cycle is ready to reset big time.
Earl Grey how is it going to go down though ? I been thinking maybe we could use all the cash that’s already there but make it 1/oz of silver = $1000 and then gold at $20,000 lol idk I wish ppl could explain how the gold standard was pre 1933
You had instilled a very refreshing, truly realistic and honest insight on the precious metals with an extremely concise and throughly thoughtful perspective for the individual interested to diversify their investments. Thank you.
Glad it was helpful!
Buy What you Can afford!
Good price was $1680 in the beginning of May 2020 when this video was posted. It's now 4 months later and Gold is sitting at $2056. That's around $375 or 20.12% increase in 4 months.
Yes, gold and silver coins are now the most secure investment
The only reason I buy silver and gold,it’s just another way for me to save money..I would rather have some gold and silver bars to look at,then just some numbers on a screen.I know what I paid for every piece,so I’ll just hold off until the spot price is where I want it.
Hey man, European mint say they're getting the NZD Tokelau coins in 2 weeks. I've ordered from them before and been very happy, but I'm a little scared to pre-order the silver and that they will get the delivery here to the UK with everything going on. What do you think I should do?
I think they will deliver as soon as they can, they won't let you down
@@BackyardBullion thanks for getting back dude
researching gold and metals in building a portfolio. Seems people thinking metals as an "investment" is common but seeing how historically how paper fiat money declines it seems to me preserving some profit in metals is a good way to secure value. my goal is to build financial security for later in life. invest to build wealth, and perhaps reserve a small bit in metal as a security against failing money value.
This is a very informative channel. Thank you.
Thanks, glad you think so!
hmm i bought £10028 worth of Brits and Sovs 9/3/19 just checked if sold back to Bullion by Post now would get £15226.20 not going to as is an emergency fund type thing but there are some easy short term profit to made. Great series though and thanks for info.
That is a very nice mark up and shows that gold is king. The same in silver would have gone down with their buy back prices.
Hey guy's I am new to this I was considering buying alot of silver because since this COVID-19 thing has happened maybe we will see a global crash soon, would it be a good investment to buy silver now and sell in in the most likely recession? Would love advice.
It's hard to say what the future holds right now. If you have money to invest for the longer term then it is a good option.
John Ward - unless you sell on forums or eBay, then you’ll lose 50% of your outlay.
The point of holding silver today is in case disaster strikes i.e. hyperinflation. This is increasingly becoming a possibility as all the worlds central banks print more and more fiat currency. If hyperinflation hits, your currency will become worthless and you could be in a lot of hardship. I'm not saying hyperinflation will happen, I'm just laying out the hypothetical that it could. If you have physical silver, you would be able to pay for necessities in a time of crisis. It could be via bartering for food, trading it for fiat, etc.
You never want to buy physical PMs to just sell it. PMs are like emergency rations or a first aid kit; you have it just in case. A first aid kit can cost $1000 and it might be a rip off, but the question is "is it worth it to me?" Silver is a rip-off right now but it may be good to buy 100oz at almost double the spot price because it is scarce. That's your call. You can equally spend that money to stock up on dry foods and other necessities.
@@andrewfurusawa4609 Well, prepping might be one reason to stack, but it is not the only one, i personally do it for very different reasons, and think that, with your pattern of thinking, you would be better off buying ammunition and other things, because silver will not really be a good bartering/trading material in an end of the world scenario.
check out whats happening in Venezuela, printed money is worthless, some are saying they can buy many stuff with silver coins etc
2020 is a tough year stocks down indices down currencies down so is better to start stacking precious metals because are the only ones you will not lose after this year. If you stop now you will lose all the advantages of stacking precious metals.
The “gold price” went from $380/oz. in November 1979 to $850 in January 1980, and back down to $500 in March 1980. ... By 1981, the dollar was rising back towards $300/oz. So, if gold did rise in value in the period 1970-present, it appears that this did not happen during the 1980s and 1990s.
If gold or silver rises to say $3000/oz and & $60/oz respectively, how hard will it be to get rid of it and will there be a capital gains tax on it? I think all of us that have it might find it hard to offload when we hit that point.
Why do you think it will be hard to sell if prices are rising?
@@SnyderBearFarm How much do you think your local LCS can afford to buy off you? I got about 11oz of gld and 500oz slv. I'm sure I could sell it but I'm sure they'll be a lot of other sellers as well, and coin dealers may not want to buy at spot when prices are that high. We can probably sell but more than likely I'll be visiting multiple LCS's just to sell
@@danbiss87 if the price is going up more people are buying then they are selling, hence the price going up. if it starts dropping thats when you have a harder time selling as there are less buyers. if the price goes up to the point bullion dealers can not afford to buy anymore then you will definitely have zero issues selling it.
if a lot of other people start selling then the price will go down.
@@SnyderBearFarm supply and demand doesn't play too much of a factor with pm's other than premiums paid on purchases. But as i stated if im holding 30k worth of pm's it will be hard to sell at high prices because I would be looking to avoid capital gains tax. Essentially i'll only be able to sell a little bit at a time
That gold britannia looks so nice
It is very nice isn't it!
I like the 50 pesos
Yeah, the 50 Mexican pesos look so cool.
Backyard Bullion where do you buy your gold and silver at?
Excellent video thanks mate, keep safe and well
Thanks!
Great topic of if there was a need to ever sell some of our pm’s and where to sell them.
I have a Jewellery shop for over 25 years now an elderly gentleman in the trade told me at he start never sell a gram of scrap silver boy till the day you retire I looked at him like he was crazy as silver was around £3 an ounce so I would be buying in at £1.50oz at the time if I had listened I would have been half rich instead I took the small gains metal has given me a good life so I’m not complaining well maybe a little haha
Maple leafs with the laser etched security leaf is all I will buy.
Thanks for sharing!
Okay cool I’m interested, but how tf are we gonna pay with this?
i disagree advising to go into stocks as game may be changing on overvaluing & pumping of stocks and shares.
Who knows what will come
The money in your pocket is in the same fluctuation all day every day. But do you dump your cash when it hits an all-time low, or do you just trust it will return? After all, it's the fiat currency we rely on for purchasing everything, including your gold and silver (unless you can get it with bitcoin). So don't worry about the market fluctuation, and just buy what you can afford. And then once you get your allowance, go buy some more.
With the 20% VAT silver spot price has to increase at least a 20% just to break even (!!!) :-(
Yeah, that is why gold is better.
You can get it imported VAT free.
@@peachent how?
Beshepman buying off the internet.
@@peachent I think I'm not understanding something. When you buy silver bullion from the royal mint it includes 20% VAT and it's off the internet.
I have mostly liquid assets...they are doing amazing and have better returns than gold and silver through the years, however I think I want atleast 10% of investing assets should be low risk physical assets
Things are going to be different when the currency collapses after hyperinflation. It is inevitable, and PM's as well as other useful hard assets are the hedge against it, and metals will skyrocket in that situation... that's the only logical outcome.
If is the operative word in my opinion, not when.
@@BackyardBullion I don't see how it is possible to keep a finite system infinitely expanding by just simply increasing the currency supply. The growth since the 2008 crisis has been simply propped up by currency injection and now that it is collapsing again our governments think they can keep the same scheme going by injecting even more currency. It's kind of like trying to sustain yourself on coffee indefinitely without actually sleeping and just taking more and more stimulant to stay awake. Collapse is inevitable and it happened in history ever other time. PMs are naturally valuable, exchangeable, divisible, etc and make an excellent store of value. Their full potential is not yet realized because the collapse hasn't yet fully taken place. Under such circumstances, PMs and other commodities will not behave according to typical market fluctuations. Just as n95 and hand sanitizer is rare and expensive during a healthcare collapse, gold and silver will be rare and expensive during currency collapse.
@ 4:03 you said: "of course stocks and shares over a course of 25 years are going to far outstrip gold and silver'. SOME Individual stocks yes. Like google and Amazon. But you can also pick stocks that went bust. Ever seen gold go bankrupt? Also, if you are investing in stock markets more broadly, tracking indices to minimise risks, like people's funds and pensions, it has long proven to be a stupid strategy to bet on the market.
Simply look at the stats over the past 20 years and then say that again:
1 May 2000 DowJones @ 10522. Today almost 25000 = roughly an increase of x 1.5 in 20 years.
1 May 2000 Gold @ 271,1 Today topping 1700 = roughly an increase of x 6+ in 20 years (!)
1 May 2000 Silver @ 4855. today topping 17000 = increase of x 3+ in 20 years (and in a relative low/undervalued position compared to the overpriced stock market. And still completely outperforms any index.
The only thing being far outstripped is the stock markets and currencies over time compared to Gold and Silver.
Well! Here in Australia, when our time of need has come to the fore, virus, job loss, stood down etc etc, the bullion dealers are all closed.
I know it's only temporary, still not helpful when you want to sell.
I now use GoldPass. Removes so many of the issues of liquidity.
Thanks for sharing, it really helps to have a good presence on second hand markets so you have other options too
Ppl were talking about pawn brokers and coil dealers other than the metals dealers. Idk how accessible they are or how the fees work out.
Ok,,so is it not worth buying physical gold if you have a 10 year plan?
Ooohhhh.... My collection is expanding, but still need such a pretty Gold Sovereign 😃 Wishing you all the best with getting favorable agreements for the EU in respect to the shiny metals !
Thanks my friend, a gold sovereign is awesomeness
MY PRECIOUS!
What are you collecting? Please help man I wanna learn from the experts
@@BackyardBullion help me out here man I wanna learn from you guys the experts! I'm from NYC
I'm 29 not looking for a get rich quick deal. I'm not a high earner but was thinking of getting 1g gold bar and a few grams of silver each month. I'm thinking long term in about 30-40 years. Worth doing it at such a small quantity?
Warren Buffett says farming is the best and u can go down to ur land and pick the best stuff 4 yourself❗
Yeah totally, we try to do as much as possible in our small garden.
Would I be better buying 1 oz of silver $20 or 1gram of gold $70? I am buying them for the long term save and maybe try to learn making jewelry is something I really want to do.
It depends why you’re stacking. If it’s for resale, then bulk.... however, if you’re in line for some bread and meat and you are trading alongside one man with worthless inflated notes, the other with a gram of gold and yourself with a load of 1/10 silver coins.... It’s best you get a variety.
Totally depends on the reason you’re stacking... fact that you’re stacking physical gold probably means you’re probably wanting a protection against the monetary system.
The thing I have to remind myself constantly is "It's not an investment."
If silver hits 100+ I don't see that as a good thing. That means the Dollar/Euro/Yen/Pound's purchasing power has fallen.
Now I don't have faith in fiat, but I hope we across the pond don't drag the world down with us.
We will drag the whole world down with us. We are the world reserve currency.
It may not be a good thing. But it might save your ass.
Brilliant video mate. Can I just ask if you are paying silver today the spot price is something like €13/oz on the market, however when you go to pay you find out that with the sellers add one and VAT the sale prices is almost doubled to €23/oz. Would you recommend proceeding with the purchase?
This is the problem with silver right now, the premiums are very high. You need to ask yourself, in a years time, five years time, 10 years time will the price you paid be re-couped? Personally the premiumus we are seeing on silver right now are unsustainable and will not last. So, you are then tied to expecting the price of silver itself to go up significantly. Gold is much lower of a premium to buy and therefore has much less potential risk. Gold is where it is at for me.