Gold always feels expensive at the time when you buy it, smugness is a much later feeling. That beautiful 2010 1oz britannia is my supreme smug moment.
I bought into Bitcoin at £300 and sold at £1200, then it went on to well past £40,000 which I never saw coming so yes you can buy at all time highs and still have the bull run keep going.
get on board quick before you miss the boat - i am now transitioning my cash savings into gold 1oz at a time whatever the price. i will just buy more if the price drops.
Keep both gold & silver and buy regularly.. If you are "lucky" on a dip or "unlucky" on a top then just track the price you paid over time and you will most likely see a long term, upward trend as I have over the past 4 years. I track each coin so that I can see how each is performing from latest price. The aggregated amounts give me my portfolio valuation and gains overall. Yes some are in a loss for a while but others are gaining over time.
So true. Three years ago I bought a quantity at around £1450/oz - which was at the all time high for that period. For the next 2 years I watched the prices with little interest and then the reality of our world situation started to grip and now look where we are. Gold was an easy investment for me because of its track record. Over the long term it always comes out on top as a safe place to build your retirement fund. Gold may have a few corrections but looking ahead it is the most 'likely' commodity to at least keep track with inflation and safeguard retirement :)
@@BackyardBullion I started in 2016, full sovereigns were £217, I'm more than happy with my recent purchase of sovereigns at £400 and £450 for 1/4oz britannias
I started stacking Silver in 2017 and Gold in 2018 and more than happy with the way the Yellow metal has performed and now confident that after a few heartaches, Silver will prove to be a good investment in the next couple of years. Though its getting harder to add to my Gold stack I am still adding a couple of Sovereigns each month and have no intention of stopping for the moment. My personal belief is that you wont recognise the world by the end of this decade...and not for the better, so building for 20 years is a waste of time and planning a much shorter timeframe of collecting. Keep it safe, keep stacking and prepare for things that will stretch your mental, physical and spiritual strength beyond what you can imagine. On that happy note enjoy yourself....its later than you think!!
Apparently there are more than 150 trillion dollar equivalent of portfolio investment throughout the world including bonds , equities ect... Of the 150 trillion invested currently less than 1% is allocated to gold A 1% move towards the historical allocation means 23,300 tons of gold will be required. Think golds gonna stay at this price when we mine roughly 3000 tons a year worldwide....
@@BackyardBullion and as you know BYB gold can not be printed and with physical gold, number on a screen can not be increased. Gold & silver are money, fiat currency is only deemed to be of value because a government declares it 🫣😂
I looked into the gold dealer prices last week and spoke personally to 2 London companies. Look on there Web sites, they are running out of stock! To that end; I've been offered spot and 1% under with another company. It's a sellers market with decent companies! In regard to junior miners, be careful it is a risk, but get that 1 in 10 junior, it could be massive return! Just do your homework 👍
I wonder though, do you pay VAT if you pay for loads of silver with a small amount of gold? Is that a trade or a purchase? Also would it matter if the gold you are paying with is legal tender or not.
@@jammypencils8295 i mean, VAT id only charged on sales by VAT registered companies. Do private sales and trades would always be VAT free. As for trading gold for silver to a business, the way it will be done on paper is they but you're gold, which they don't pay VAT on because the purchaser is a business, and "give" you the money, then you will buy the silver with that money. Meaning yes, you will still pay VAT
Gold and silver are two very different metals and silver is no longer the cheaper option. Silver is now seen more as an industrial metal and during times like now when production is down silver prices suffer so is highly unlikely to return to the days when coins were silver. I’ve been buying and selling since 2011 when silver hit $50 and has never reached anything near it. Gold has been reclassified as a monetary metal by the international bank of settlements (central bank’s central bank) and along with the dollar is the only tier one asset so is bought by hedge funds and pension plans. Gold might be expensive but people are better off buying a gram of gold than a tube of silver every time. It took 12 years of holding silver to finally offload it and buy gold only. I’ve learned this lesson the hard way after nearly two decades of trading and 13 yrs of precious metals. Silver also carries 20% VAT and is not capital gains free like royal mint gold coins. Buy silver to collect and because you like the coin but if you want to protect your wealth then gold is the only option. Don’t even go near platinum or palladium it’s unpredictable, purely industrial with very few uses and virtually impossible to sell
Only been "in it" for a couple of years, sovereigns less than £400. But a best buy sovereign at £584. I think I will hang on and hope for a little dip. Nice one again BY.
Be careful buying at ath if you bought silver in 2011 you'd still be underwater 13 years later if you bought it in 1980 you'd still be underwater 44 years later. Having said that i think gold has a way to climb yet but that's just my opinion be be very careful
I wouldnt be selling any gold until 1 or 2oz buys you a car, or 15oz buys a house. Yes people might find that crazy just now, but at the end of the day gold is insurance for the type of monetary mayhem such a scenario would indicate.
My strategy is to buy Best value bullion coins. Silver is not for me due to the VAT element unless it's bought on the secondary market. I drip feed into coins over time and the reason is very simple. The UK debt is £2.65 trillion and last year we spent more on paying the interest alone that we did on the entire education budget. This gets even worse when you take into account Public sector Pension liabilities increases out debt to close on £6 trillion. This will increase when Labour are elected come next eletion and they will borrow even more. All fiat currenecies are in the same boat, US Dollar, Japanese Yen, Euro, Chinese Yuan etc etc etc and within the next 5-10yrs countries will be forced to de-value.
Your happy to be holding some gold when its at all time highs, and why would you ever want to sell it, and for what? And we would all be very happy if the price crashes so we can pick up some more, gold is good whatever it does.
@@properjob2311 when Iran attacked Israel the PAXG gold stable coin shot up to almost $3000 before dropping like a stone. I'd be more concerned about the inflation lie. Month over month here in the UK it's gone up 0.6% Feb and march. If April also shows an upward trend it could be a cause for concern. But countries are in debt upto there eyeballs and for all intents and purpose they are insolvent. The rate they keep devaluing the currency the dollar , pound, euro, yen will be confined to the history books as yet another fiat currency that failed.
@@BackyardBullion I watch yours and others for precious metals for me investing in the stock market is a totally different and dangerous game your not called influencers for nothing. please don’t take it personally just my view. I love you channel 👍
I keep slowly buying, the potential is still huge as I believe we could see a £ 2200 mark by next year easy, or a £3000 by 2026, if that printing fiat currency doesn't hit the stop button. Than again it might go down for a few years just like happend between 2011 to 2015, but DCA is the common rule so...I still buy a Sov, here and there...🤷♂️
Totally agree. When you consider the UK debt currently stands at around £2.67 trillion. We spent more on the debt interest last year than we spent on the entire education budget. Now add to that debt the Public sector Pensions liabilities and our dent stands at close to £6 trillion. Our currency ,like the Dollar,Euro, Yen and Yuan are fcuked in the medium term and there will be a lot of countries (us included) de-valueing and going back to the Gold standard. I don't see a Digital currency working personally..................... My prediction is £2,200+ by Christmas and on an upward trend . Global Politics and debt will drive it. IMO you have the right strategy. I'm no expert but I correctly predicted every recession we have had in the past 30+yrs including the 2008 GFC. All the best to you.
What should the real price of gold be??? If it wasn't for severe manipulation, some pundits have suggested a price between $10-20k with Silver @ $300-400. Mind you, at those prices, what sort of inflationary rate will be prevailing!!
You say that, but take the paper gold and silver out of the equation then these figures wouldn't even get close to where it should be.... the paper stuff is ultimately worthless if it came to calling in time for the physical stuff
Silver is better than gold. Why buy gold at all time highs while Silvers historical ratio to gold is way off and is only half of its all time high from 1980. Silver is a monetary and industrial metal. Gold has minimal usage other than being stored away in vaults.
@@monkey39128 Because the banksters rig the price. True price discovery is coming. We’ve been in silver deficits for years now. Look at the paper to silver ratio at 396 to 1 physical oz.
Silver is a better insurance play in reference for gains. I have enough gold, even if gold doubled to $5000 an ounce then silver is going to quadruple. 2x versus 4x? Buy any in fiat dollars today! Win Win either way 👍
Nice Video. Unrelated Question: If I am on holiday and buy small 10g gold bars. What is the limit for bringing into UK? is it under the 10K cash allowance?
1900 ish a oz and the new normal a bargain up 10 percent a year even without crazys up guarnteed be 2100 ish by next year going by every year so far grab now and dont moan later
