Why NOW Might Be the Perfect Time to Buy Silver - Do You Go ALL IN or Take It Slow?
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- Опубликовано: 7 сен 2024
- #gold #silver #investing
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Are you considering investing in silver but unsure about the best strategy? With market fluctuations and economic uncertainties, silver remains a popular choice for investors looking to diversify their portfolios. In this comprehensive video, we explore whether now is the optimal time to buy silver and discuss effective strategies for investing, particularly when the price drops. Should you go all in or take a more measured approach?
In This Video, We’ll Cover:
Current Market Trends and Analysis:
Overview of the silver market.
Key factors influencing silver prices.
Expert predictions and future outlook.
Historical Performance of Silver:
Silver's track record as a long-term investment.
Comparison with other precious metals and assets.
Investment Strategies:
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Drip Feeding Your Investment:
Explanation of dollar-cost averaging.
Benefits of spreading out your investment over time.
How to implement this strategy effectively.
Buying All In One Go:
Potential advantages of a lump-sum investment.
Risks associated with this approach.
When this strategy might be more appropriate.
What To Do When The Price Drops:
Understanding market corrections and volatility.
Strategies to maximize returns during price drops.
Importance of having a long-term perspective.
Responsible Investing:
Setting realistic investment goals.
Balancing silver with other investments.
Ensuring your investment strategy aligns with your financial situation and risk tolerance.
Key Takeaways:
Drip Feeding vs. Lump-Sum Investment:
Drip feeding (or dollar-cost averaging) involves buying silver at regular intervals, which can mitigate the impact of market volatility and reduce the risk of making a large purchase at an unfavorable price. This strategy helps in maintaining discipline and avoiding emotional decision-making.
A lump-sum investment might be suitable if you believe the current price of silver is exceptionally low and expect significant appreciation in the near future. However, this approach carries a higher risk if the market experiences further declines.
Responsible Investing:
Regardless of the strategy you choose, it’s crucial to invest only what you can afford to lose. Diversify your portfolio to spread risk, and avoid putting all your funds into a single asset class. Silver can be a valuable part of a diversified investment strategy, but it should not be the sole focus.
Additional Resources:
[Link to silver market report]
[Link to investment strategies guide]
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Disclaimer:
This video is for informational purposes only and does not constitute financial advice. Always consult with a financial advisor before making any investment decisions. Your financial situation is unique, and the strategies discussed here may not be suitable for everyone.
Thank you for watching!
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Topics covered in this video:
banking, finance, gold, silver, precious metals, cash, wealth preservation, economic uncertainty, financial independence, store of value, means of exchange, alternative finance, bank withdrawal, financial strategies, personal finance, financial system, economic trends, global economy, investment, asset allocation, monetary policy, inflation, deflation, wealth management, fiat currency, currency devaluation, financial education, financial literacy, monetary history, financial freedom, financial planning, asset protection.
I try to buy silver regularly but buy more during the dips.
Nice, how much silver are you going to buy on this price drop?
@@BackyardBullion USA here. I spent about $250 on silver rounds and about the same on junk silver.
@@BackyardBullion 6 more kilos!
The problem is everyone including the secondary market are keeping the prices and premiums as if solver was still $30. The spot drops but the price doesnt
Bought shed loads of silver from Germany in 2017/2018 most at £14-17 per oz, not bought any since we left
Europe so currently up loads.. keeping for the long term, the only regret i have is not getting in to metals 10 years before.
Same here, last bought in bulk from Germany back in 2020! Probably for between £17-18. Holding for the long term. Any European tax loopholes have since closed from 2022 I think!
@@jettser17UK Yeah its a shame we still can't buy VAT free but like all good things they come to an end.
Unfortunately, some silver dealers (aka RM) still keep premiums high even in this recent Silver Dip but one has to search to get some bargains.
Of course the royal mint does this. They have to afford their CEO Anne Jessops £462,000 per annum pay package.
Buy buy buy!
Do it!
Today the London gold spot hit £1900. Almost an altime high. So I say hold. Will silver catch up ? I don't know but I live in the UK and the VAT liability on Silver makes it a NO. I'll take a few days in the Maltese sun and worry when I get back.
First purchase 100 oz!! Jeez I’m just creeping up to that now 😮
I remember snapping up 100 Oz from maybe Belgium, for just 1K all in one go a while ago! My single greatest bullion bargain ever! Anyway way to go on almost reaching that 100 milestone! 👍
The perfect time to have bought Silver was 4 years ago! Now it is slowly becoming unaffordable in large quantities nowadays!
Definitely, I wish I had started a lot sooner, however I don’t regret starting. Stacking has helped me understand my finances more and more
Well yeah prices have dropped slighty but an ounce is still going to cost you about 30 quid a pop at the dealers. £29 if you buy in bulk a little. Not really back up the truck prices in the UK.
Whatever i buy precious metal wise its with the aim of keeping it for about five years minimum. If i had to sell a sovereign now then i would sell the one i had the longest time (talking bullion not collectables) as statistically thats the one you are less likely to lose on.
I don't care about spot, I'm buying either way. I'm not going to waste time & energy on penny pinching. Doesn't matter what I buy, possession is a human concept, an illusion to give us comfort & worth.
Just buy sensibly! Just about the best advice for every aspect of life. Facts as always Mr b y b
Excellent video and content bybullion from northwest uk salford keep on stacking from what I'm seeing in America the dollar and debt is outta hand 🇬🇧🇺🇸
Thanks for the comment my friend, appreciate it! What's your best buy for silver recently?
@BackyardBullion welcome bybullion i am only new too my fine silver collection in last 6months ive just collected small in that time 11oz in 1oz bars and coins more just to get learning and for personal liked items i was buzzing with buying myself a 1987 american eagle 1oz because were born in 87 year 😃....now over the next part of my journey through watching your content and more from uk channels and i like watching america silver dragons and yankee stacking videos are great content 👍....my target in near future would to try with any spare disposable income left from working wages every month would like to go on and buy 10oz bar every month and keep the stack growing 😃
American from America, YES! This inflation is way out of hand!
@@jasonluchtel7974you mean Europeans if white
Maybe it would be most efficient should one learn to aquire during the dips, and not FOMO...?🇻🇮
DCA or PCA here, and patience is a pretty safe bet. :) Thanks for the video :)
I bought 11 oz this past week when spot was $27.50. Felt great. 😊 I do wish i had the budget to buy more though.
Hope you find your Britannia soon. I love the Royal Mint and plan on buying more of their coins and bars.
They're my favorite major sovereign mint coins! Ridiculously stunning designs!
So I am not a traditional ”stacker” but just buy some of the beautiful silver coins that are being produced today. It is good though when the prices drop! Despite being a RM product, the latest four nations 2oz silver was gorgeous.
i like gold and silver something to hold in your hands if ever happens u can sell it so fast to bail yourself where cash can dissapear if they make a mistake with your balance
Incidentally, all metals have risen in price considerably over the last five years. If you had been sitting on a yard full of steel or warehouse full of aluminium for five years you would be looking at a good return.
Here in the UK if house building does ramp up the price of steel and wood is going to increase even more as brick is now just the skin of a home.
I hope you include World silver coins. This aspect of official and numismatics has been the collective default since many centuries ago.
They are great coins to buy, but you can't always buy enough of them
I never find coins as good as a quarter ounce Britannia down the back of my sofa 😅. I think as you say it’s a good time potentially to buy silver, but I’m wondering how long it will take for premiums to come down, I imagine dealers for example will have quite some stock they won’t want to lose for too much of a loss? Them keeping prices up via premiums might encourage people to keep prices a bit higher on the 2nd hand market too, who knows though 😊
It’s always a good time to buy.
Price needs to go below its 200-day moving average before I consider changing my cost averaging strategy.
Every payday I buy 6 percent of my take home pay into Silver , same as those rip off 401ks that I've lost thousands in.
Should leave the coin under the sofa until you get a new sofa 😅... By then it would be a “surprise “ discovery of a long forgotten coin...😂
It's a great stack my Man. None of us can time it. What matters : your invested. I would posit in 25 years, your 25 bricks, will look quite good. Feinsilber, I could hang my uar hat on that alone.
I heard something yesterday on RUclips that the Royal Mint was not going to be minting britannia's anymore. I can't imagine that is for real?
They are not going to be making the metal blanks for their coins any more. They have become a glorified stamping company.
Is it still worth buying silver in EU, where we have to pay VAT
I only started stacking 6 month ago and its gone from £30 to £35 a coin from the shops i can get to so im hoping it goes back to £30 for a few months so i can get to my goal of 25oz by the end of the year
You are paying way too much for your silver. I have been selling bullion coins for £24 to £26 per oz for a long time. Sounds like you have been buying from a bullion dealer and paying VAT. Get yourself on the silver forum or email me to join my newsletter if you want better prices.
@BackyardBullion perfect thank you, I'll send you an email to join the newsletter
I hear Labour are going to raise taxes on cgt. Therefore making it more difficult to invest save etc. As they want to tax the heck out of everything. Hence thousands of millionaire's and now billionaire's leaving uk. That's a dark sign of what's coming
How much money is a nickel worth if its made of nickel, more than 5 cents?
Add another 2 kilos to my stack last week
Nice, what kind of bars did you buy?
Hi great channel and content, thank you for sharing your experience and thoughts and advice.
I have a question, I’ve been looking for a half OZ silver Britannia for some time now. I have asked the Royal Mint they haven’t been back to me. Do you know how I can purchase one.
Kind regards
Malcolm
Hi Malcom, I would avoid these kind of coins. They would be massively expensive and when you come to sell them you will likely get half what you paid. I would stick to buying full 1 oz britannias and NOT from the mint. The mint are always more expensive than dealers. I sold some britannias this week for £24 each. The mint charges £36.
Can't afford either one, gold or silver. For now its collecting scrap copper and brass. Sometimes aluminum. It's not gold or silver but at least its something.
The time to buy was between $14-$16 an ounce
Silver gets below $30 an ounce and all we hear on RUclips is “The price is down so you’d better Buy! Buy! Buy!”
Silver gets above $30 and all we hear is “silver is going through the roof! So you’d better Better Buy! Buy! Buy!”
That’s because most of these precious metals channels are total grifters.😂 they have no business talking about metals or stocks -guess they don’t have another job and need a revenue stream….just saying
I love those baby brits! What are they and where can I get some? 😀 wait they are small or do you have big hands?
I got them from the silver forum. They were part of a trade and they were way cheaper than they should have been. Love them, are you gonna get some?
@@BackyardBullion ah 1/4 oz, yes I will get some eventually, price has put me off in the past although I did once buy 20 tooth fairy coins, I think they were 1/10th and paid 100
What supplier do you use from
Europe?
I'm in the UK and use Atkinsons bullion
shall we buy now then is that what you are saying as I bought 13 OZ's the other day (Thursday) and I haven't received the delivery.
It's a great time to buy if you can find someone that is selling. Who did you buy from? I don't think it was me, but if it was drop me an email and I can check tracking information.
I bought from Tavex Bullion but I bet they have shortages of silver.
Today you are wrong, but next week you will be smiling 😊
3:45 I'm now fixated on that coin. Please pause and go find it!
14:31 ffs, that was stressful 10mins. I'll sleep better now that Britannia is saved
Gold is better wouldn't bother with silver until the premium go down so.. never.
I can't resist a price drop. Something wrong with me. I know it still has to go up 33% to break even
Well, that's assuming you buy new from the mint or a dealer. But if you buy from my seller services you will be good.
@@BackyardBullion Your service is fantastic for those of us who can't afford lots of gold, and buy silver. Long live the buyers club
i dont get it. even if you buy from the buyers club, you have to make up the steep premium. you know it is wrong. why can't you help yourself. seems sad.
@@DrSchor Yes it does. Still over the long run, silver will appreciate. Might be a long time until it appreciates enough to be better than getting interest on fiat. But, it's a hobby. Most people don't make money on their hobbies. Also, you either believe the fiats will die, or you don't. It's insurance. Insurance you can cash in
@@DrSchorSell it privately with a premium
Just bought a 1kg bar 🎉🎉🎉
I've been saying for years, either EVs aren't going to take over, or cars won't be for us plebs. I assumed the latter, just maybe it's the former
Could well happen, I think it will be sooner than later.
@@BackyardBullion I believe the intention was to get us out of cars, generally. Despite the subsidies, (and keeping the fires quiet), EVs are failing. It'll come to a head when more leased EVs come onto the second hand market, and don't fetch anything like the expected residual value.
I hope you found your sofa coin 😅
It took a while, but yes!
I thought you were shifting to buying gold and getting out of silver
It varies depending on the prices and ratios. If I can get silver cheap enough I will buy it all day long.