Even at an all time high, if you're willing to hang on to it for a few years, it's still a good buy (even if fiat currencies don't collapse completely). Atkinsons is a very good company, they are my go-to dealers for buying gold and silver online.
Exactly! even if gold drops £100 I know that it will easily recover in a matter of months or years, I'm in it for the long haul, so I'm prepared to wait 10 years if I have to
I like the Britannia, its my favorite soverign coin design. The price of gold doesn't go down, the purchasing power of national fiat currencies are programmed to always go down. Until governments have antigravity machines, the weight of your coins stays the same.
Mmm beautiful coin, my first gold coin was a 1oz Britannia, in 2022. Even though im an American i think Britannia's are the most beautiful coins, over the Eagles. Very nice 👍🏼
I have got a king and a queen one of each but have changed my mind about getting any more as they are getting so expensive and it may be harder to resell them later so in futcher. So my next buy will be new sovereigns they are the way to go I think olders ones can be a bit risky if you do not know what you are buying but new ones you cannot go wrong they may be a couple of pounds more than best buy but for me its worth the peice of mind.
No one will be buying at £3400. I know I won't be me as at that price it would take me about 6 months saving up to be able to buy 1oz. More realistic it will be at £2000 by 2027. I assume the major coin dealers wouldn't sell fake coins and bars. They should have the equipment to test what they are selling.
Thanks for commenting, yes, £4000 in the next few years does sound absurd, however in percentage terms that is a 135% gain. That is small compared to previous Gold rushes. In 2007 gold was £327 and by 2010 it was £881 (only 3 years later, the same as 2024-2027). In percentage terms that's a 169% gain. Better yet, from 1977 to 1980, gold went from $148 to $678. That's a 350% gain. From 1971 to 1974, gold went from $37 to $178. That's a 380% gain
@@thegoldstandard721 Am aware of all that. I have looked at the history charts of gold going back to 1970. However back in the 1970s and part of the 1980s we were protected by the pound being worth more against the US dollar. It used to be $3 USD for every GBP unlike since Brexit result where the pound dropped a huge amount which as you know and I know gold is traded in USD. Gold only increased in June 2016 because the pound dropped around 50c in a few hours on June 24th and has never recovered. If the pound was back at $1.50 price of gold would now be £1473 not at £1696.
You might be right, but today there are more and new financial strategies to surpress the gold price. But I do agree a crisis is right at the corner and than the gold will go up. Nice vid. 😊
That's great value, when I purchased it at £1753, spot was £1703 and that was the all time high at the time. So it was indeed scary to buy at an all time high, but it paid off. That's why I believe buying at £1896 is still a good idea for me. If I had a spare £1896 I would definitely buy one right now.
@@thegoldstandard721 I am new to stacking but I was obviously lucky to start at the right time, of course it could have gone the other way. I would be reluctant to buy at today’s prices.
At the end of the day it's up to you if you don't want to buy more gold. But for me the value of gold never changes, it's always the same. Instead the value of our national currency falls as they create more of it out of thin air. Gold goes up in price to account for that, but it doesn't go up in value. It is a preservation mechanism, Gold will not make you rich, but rather if you buy gold consistently regardless of what the price is, it will prevent you from becoming poor. Holding gold means you are immune to the hidden inflation tax imposed on us by the Government and Central Bank. If you simply just held £2000 in actual cash, over time the Bank of England will print more pounds, causing inflation, so that prices in shops go up. Which means that £2000 can buy less and less in the future, meaning that you have been taxed without realising it. Even if you had those pounds in a high interest savings account, the interest rate would not be enough to overcome the rate of inflation. You still lose. But by simply holding gold you can avoid all of this, since gold can't be printed by the Bank of England, only God can make real Gold. My point is it's always a good time to buy gold. Ignore the price because price is not value.
Dam that's a good looking piece of gold. Central banks are shifting away from the USD after the freezing / potential seizure of Russian assets. Nobody is talking about gold right now, infact ETFs have been selling gold. Get ever a slight pickup in retail demand and off to the mooooon!
Yeah, the world is very unstable right now, economically and geopolitically, so there could be another gold rush anytime soon. The people that own gold and silver will be protected from a potential global recession. Thanks for commenting mate! Keep on stacking!
Bought silver before the climb and almost up $2 from there so the timing was about right :D Found some cheap gold too as I bought them privately from indiviuals without premium. Some older coins from a time forgotten. Ever considered Sovreigns for your stack? The premium might be less than the Britannias, but I don't live in the UK so I wouldnt know.
@@thegoldstandard721 That's fair. I have mostly bullion myself, but the low premium and historic background of older coins are attractive though for a numismatic collector as myself
I agree on the recession, here in the US we have so much national debt it makes our heads spin. Inflation is absolutely happening. I will say even at buying at a higher price, all that really means is the dollar or whatever currency you're using is getting weaker. Owning it is really the bottom line, get it into your hands even if the price is higher, we could be looking at "the good ol' days" right now as it will no doubt go even higher!
I just subbed to your channel I wish I could own gold but I live in the United States and it’s impossible to get anything here and inflation is getting worse
Great video, I fear you are right about a global depression. IMO its unavoidable, governments around the world have MASSIVELY over borrowed, its completely unsustainable. At least with actual physical gold, it cant be confiscated. Well I say cant, but governments have actually done this all over the world, but they still got to find your gold lol)
There are digital gold companies out there, KInesis is one. Kinesis digital gold is backed one to one by physical gold. It has it's own card which is linked to Visa and Mastercard and supports Gold, Silver, Bitcoin, Ethereum, XRP & more. I don't have any connection to Kinesis myself, but I have been looking at it for some time and wondering if it is worth putting some of my money there.
That would be great, but unfortunately it doesn't and never (legitimately) will exist in digital form, that's because physical gold has zero 3rd party risk, but all current digital versions of gold (ETFS, Futures and PAX Gold Crypto, Online Vault Storage) have a 3rd party risk, which violates the main property gold has.
That coin is worth 1223 loafs of bread at current prices. Bread goes out of date, gold doesn't. I'd rather have 1223 loafs of bread in the form of gold than 1223 actual loafs because they'd be worth 0 after 2 weeks. Even flour has a shelf life.
The thing is...one could still use a 1000 y.o, Roman gold coind for payment, it never lost value, it just became more expensive. I wish I could afford a gold coin...I bought some silver ones, for the look.
@@Aetila Buy british gold sovereigns .2354 oz, and French or Swiss 20 Francs .1867 oz Gold pieces. the premium is about the same as buying by the ounce,and they are minted by known and trusted government mints.
