I Can't Afford To Stack Silver So I Buy Gold Instead
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- Опубликовано: 30 сен 2024
- Thanks for watching, looking forwards to chatting in the comments.
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Multi Use Capsules with foam insert
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The Gold Sovereign Series - Marsh (Fantastic resource for sovereigns - The new version is due out later in August 2024 - I have pre ordered which is currently on a 23% discount ... 2nd link)
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The Gold Sovereign Series 2024 Edition
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Love this title , Makes me chuckle when people claim " I cant afford gold" and yet they have cupboard fulls of silver worth far more . Buying silver in UK in ridiculous not an investment at all, buying silver in other places is not the best investment gold outperforms silver many many times more than the other way round .
Yes exactly 🤣
Silver is a complete joke especially brits whos shills it, its sold at over 50 per cent of its spot. When it's time to sell theyre going to lowball. So all in all you need a 1x on spot just to break even. Like you said absolutely not a investment.
@@gmanlee575 you can get pre 1947 junk silver for 1% under spot without VAT, just 50% of the volume is not silver so it takes alot of space
MATE
SILVER IS A OPPORTUNITY OF 5000 YEARS
BUY BEFORE GOING TO 500-1000£ PER OUNCE
What will need to happen for it to get there? Also it would need to get there with everything else remaining fairly steady or it would be zero sum?
@@SovereignSaurus I M SORRY IF YOU DON'T LISTENING THE RIGHT PEOPLE
READ THE RIGHT BOOKS 📚
ME PERSONAL I DON'T CARE ABOUT PRICE
GOLD SILVER IS VALUE REAL MONEY WEALTH PRESERVATION
WAKE UP
@@petruflorintofoleanu5865 Please share, I hope silver looks after you well, what is your £500-£1000 price prediction based on? Is there an approximate timeframe for this?
@SovereignSaurus MATE
I DON'T CARE ABOUT THE PRICE
GOLD SILVER FOR ME IS REAL MONEY
WEALTH PRESERVATION
SILVER WILL BE VERY EXPENSIVE IN THE FUTURE BECAUSE IN GROUND IS LESS AND LESS EVERY YEAR
SILVER IS MONEY AND INDUSTRIAL METAL
SILVER IS VERY CHEAP RIGHT NOW
BUY AND NEVER SELL
JUST IN CASE OF NICE OPPORTUNITIES
@@SovereignSaurus MATE
I WAS BORN IN SOVIET UNION COUNTRY
I LIKE TO BE COMUNIST BECAUSE I KNOW HOW TO BUILD WEALTH IN WOKENESS CAPITALISM
YOU BRITONS AMERICANS WEST COUNTRIES WILL NEVER LIVE IN COMUNISM STYLE
BUT IN CBDC IS THAT SYSTEM
ENJOY MARXIST FASCISM COMUNISM LIFESTYLE
ENJOY MATE 😉
well.... I think you need to decide what you will use your silver or gold for before you make a value judgment. If you want a denser store of value or pay less premium on spot, than gold is great. This is simply logical because the lower the price per weight/purity, the higher the premium. Example, look at the premium on copper bars. I think conflating expensive and affordability is the flaw to this conversation. Silver is very affordable and much lower vs gold when considering all time highs, has potential monetary and industrial utility, and is easier when considering divisibility. It is also very affordable as a smaller denomination barter/currency instrument in extreme economic crisis times.
Cambios in Venezuela accepted silver (and gold) quickly turning the PMs into USD or VZB.
Can't argue with all your points there SS and have a goodly stack of Gold and Silver, perhaps too much Silver.....but I must admit I do prefer Silver and it does have some strange power about it when you hold it. I don't buy much Silver now but have a feeling it will out perform Gold in the next 3-5 years!
It will be nice if you are correct. I bought some silver for the first time not long ago, and I expect to never make any money on it. I just had an itch to scratch, so I bought some 2023 Golden Eagle's by Germania mint. I don't want to sell them anyway, so it does not matter what happens to the price of silver. I mostly buy gold and don't regret it.
That “power” is called tarnish
The premium on silver are so high plus vat ,sovereigns lower premiums no capital gains in the UK, gold is cheaper in my opinion, thanks for sharing 👍
Exactly yes
Hamburger vs steak. Both are beef. But would you pay 300% profit margin on a steak? Most people would bulk at a $60 strip steak. But very few would bulk at a $15 hamburger. So they can get a higher profit on a cheaper product and have greater margin. If silver was more expensive the premiums would be lower because people wouldn’t pay it. So if a dealer wants to move gold in volume, they have to charge less or there would be no market for it. And since they need money, they make the profit on the cheaper product because it would appear cheaper. This is why when silver prices go high, you see premiums drop on silver per ounce. I think the part we often forget is the dealer can get away with higher premiums. It’s not all that, but it’s why peer to peer silver tends to be cheaper and more profitable than dealer to peer sales for the buyer.
Yes great points. Peer to peer is an option that could yield slightly better % wise though there's typically greater time and effort involved
SPOILER: 99.99% gold (not silver) is VAT free. Legal tender is Capital Gains tax free. The newer gold Britannia is both. His other points are less important in my opinion. (IN THE UK)
I'm well into bitcoin but thinking about hedging the volatility with some gold. Probably low premium best value sovereigns, I think.
They're a good option as far as gold is concerned yes 👍🏼
In UK you get ripped-off on most things than even in other British Cwlth countries.
Certainly better value places to locate yourself
You might be better stacking food.
I grow stuff to eat, and if things got difficult and food was scarce, and you came up to my place I would not want your gold.
You would find yourself back down the road at 4 mph talking to yourself.
If you want something small to turn into something big you need to watch a seed grow into a plant that will feed you.
Your wealth is encased in metal -- impotent and without purpose.
That is NOT what it is for.
I've been buying joblots of costume jewellery recently, and scrap silver is my base calulation of whether it was worth it. In the last 10 lots, I've found close to twice the purchase price in scrap silver, plus occasional bits of gold, a nice diamond, some star saphires, a few opals and a lot of resalable jewellery that I give away to my brother to sell. I'm at the very beginning of an investment journey, and may well buy gold with some of whatever I get for the silver. I do like silver, but I don't like the premiums.
You always make everything just right! Truly enjoyed it. Thanks.
Thanks Cash!
Those new banknotes with Charles on them are cool. 👍
I think so too!
With silver premiums being twice that of Gold, thats the only expense that counts.
Any other argument is comparing apples and oranges.
I can only afford the 1p 2p copper coins
The actual copper or the modern steel ones? ;)
@@SovereignSaurus the copper ones I just put the steel ones to one side cash them in
The VAT really puts me off. Plus like you say, it takes up a lot of space to have a meaningful amount
Yeah exactly. For example who would buy shares in a company if 20% vat was added on? 🤔
@@SovereignSaurus Does the government get 20% every time it's re-sold as well, or is it just the initial purchase or some some other partial tax?
Most dealers sell pre owned silver in UK on ‘Special Scheme’ so you only pay VAT on the dealers premium
Takes up room because it IS inexpensive - Duh!
That car analogy had my head boxed😂 I’d say it’s a bit like buying a car for cash =gold vs getting hire purchase = silver your getting the same car but your paying a lot more if it’s on hire purchase, this is not financial advice😂
Maybe wasn't the best analogy, maybe better I can't afford £50 for a sandwich on the go but I can afford £100 for a steak dinner 🤣
For me It's silver all day. Maybe If I get other sources of income I'll buy an ounce every 4-6 months
Cool hope it looks after you well
@@SovereignSaurus Of course, I feel as choosing to invest into precious metals was a great choice, also I'll try documenting most of my journey!
If your from the uk all i can say is you don't know much about investment lol
Out of interest, what percentage of your net worth do you recommend keeping in PMs?
Hello. It's a video topic I've got penciled in but I don't recommend any percentage... It depends what a person's goal is and there are a few considerations such as what is the alternative.... For someone who's alternative with their cash is to waste it they might be better putting all their spare cash into it at the moment. I approach the figure of how much gold in a different way
General advice given on investments is usually to only have 10% of your portfolio in any one investment, so if you have £10,000 to invest thats £1,000 in gold. It’s not saying there are only 10 investment products just dont tie up more than 10% in any one product.
The strategy appears to be that should one product fail your maximum loss is 10% which should be recoverable eventually assuming the other 90% performs okay.
Long term gold will outperform cash under the bed, logically. A couple of weeks ago i saw mint condition old £5 notes for sale at £250 so if you had a few of them under the bed you would be in for a good return. Would anyone have thought that a white fiver would be worth that when they initially saved it?
Silver is currently cheaper than Gold. The statement that I can't afford to stack Silver so I buy Gold instead is illogical. Does the author of such a statement fear that cheap silver will result in silver becoming unobtanium with a cheap price tag?
Silver are for jokers, its what separates the boys from men.
I bought 2000 usd worth of gold 3 years ago at 55 dollar/gram . now with gold prices skyrocketing at 70 .mine now worth 2500, wouldnt be able to make same profit with silver . Gold is Gold !
Nice return 👍🏼
Silver was literally 22 dollars an ounce in February. It's now 29 dollars an ounce. If I spent 2000 dollars on silver in February, it would be valued at 2,636 dollars. So, yeah..
@@YHVH1483 silver is bulkier to store , a similar value in silver will need 70 times of space to store than gold. which most likely you will pay more to store in safe secure place like banks especially if you are stacker of large amounts
silver is muck bulkier to store , a similar amount of silver will need 70 times of space in comparison to gold which will cost you a lot of money to secure it in a safe place like banks especially if you are stacker of large amounts
@waleedmekki4459 1000 ounce silver bar -
Width: 5 inches
Length: 12 inches
Depth/Thickness: 3.25 inches
I wouldn't go carrying it around, but I also don't live in a closet.
Don't get me wrong, both metals have their place, but not long ago silver to gold ration was closer to 15:1 l. The upside to silver in my view as a long term investment outweighs that of gold. To each their own. Happy stacking.
We love gold(sovereign s)🎉
😎
Maybe the smaller plot of land has a better view?
I can afford smaller purchases in silver because its silver.
The GSR is still too high. Will consider trading-in when GSR is 40:1 maybe even 45:1 while still keeping a strong Ag holding moving forward.
If I had half the amount of Au you have I would trade it in for Ag!
Having a hard time understanding your presentation today.
Instead of waiting for 40 or 45, im planning to trade at a few different moments... like 60, 50, and 40
Theres no guarantee it gets that low, and its not easy to time it
Thanks for sharing. I've thought about this a lot and I suppose it is best summarised as price Vs value. Due to what I can see when looking at silver and gold I believe gold to be the better value. People have different expectations and projections or better views for silver might think differently
10:03 gold all day from now on!
😎
I can't afford silver or gold because my funds are all invested in anime figures. Lately because of your and other videos I've taken an interest in gold and am slowly saving up and buying a little. In a month I hope to buy my first sovereign. It's a fun hobby/investment/savings deposit. Thank you for the fun and interesting videos and enjoy:)
Interesting. Is that a collection for a hobby or is there a good market for those?
@@SovereignSaurus In all seriousness for me it's a hobby collection, but there definitely is a market for them. Problem is aside from being a retail seller for anime merch much like a bullion dealer, as a personal business you'd see every item as a numismatic. That said when you know enough about the brands, quality and demand you can definitely make money. But I don't enjoy doing so and luckily atm I don't need to in order to eat food:) Enjoy and have a nice day there:)
I agree. Because in the UK Silver deals come with a 20% VAT liability. Gold coins, Sovereigns and Britannias are free of all taxes.
That's because tptb want to put you off the better opportunity, silver.
We pay tax on non-pure gold, Sovereigns, Kurgs, and American Eagles are a no-go for us (unless we come to the UK for sovs ;)
@@good2goskee In the UK only Britannias are pure gold i.e 24CT. Soverigns are only 22 CT or .917 if you prefer. The good news is there are no UK restrictions on exporting gold.
1/10 gold coins still cost around 2k?
Around £200 at the moment I think yes
The most important variable is melt value/ premium %. Silver premiums often range from 10-15% sometimes higher. Meaning you’d need the equivalent raise in spot price just to break even on your investment. Gold is clearly the superior option, it’s no wonder the rich choose it over silver.
I refuse to buy coins with King Charles on them. He's evil. There's no way I'll bring that bad energy into my house.
All governments are evil so don’t buy any government minted products! Got it?
Yea, it sucks having reptile peeps on some of the soverign coins of the world
Plenty of other choices to enjoy gold or gain exposure to it at least 👍🏼
Yeah cause Elizabeth and the other monarchs were angels right? LOL, you shouldn't get any coin with a monarch on it by that token.
King tampon🤗
I'm starting out and I can't afford the outlay for gold. I buy an oz a month currently.
Cool video
Thanks SS
I do think Gold is more stable but silver has much more upside potential. You can get quite a bit cheaply - us 90 is roughly at spot currently.
People have been saying silver is undervalued and has the most upside for decades, when making investments you can’t hedge all of your bets on speculation. You have to go by what the data and numbers actually suggests. Gold is superior.
Did you actually watch the video?
Cheers Bro 🍾 🍾
🤙
You can also buy gold in cash quite easily in a number of places, keeps the vermin away from it.
(The UK government)
🐀🐀🐀🐀
You're 1000 % right !!!
I bought a half gold sovereign a few years ago for £200 now for a half sovereign it's £280
Nice coins the half sovs 👍🏼
I can get halves for 225 at mo, not sure who's charging 280 unless it's a desirable shield or something.
@@philpots3216 I bought two a few years ago £200 this year the same shop and the same coin £ 280 I didn't get any it was in the window on display
Silver is way cheaper than gold. No matter what taxes. Nothing wrong with buying gold, but to claim it's cheaper than Silver is just moronic and ignorant of history.
silver is muck bulkier to store , a similar amount of silver will need 70 times of space in comparison to gold which will cost you a lot of money to secure it in a safe place like banks especially if you are stacker of large amounts
You handle sovereigns with gloves?
Seriously. They are circulating coins FFS
🤣🤣 Clearly haven't sensed my humour
I don’t have a gold coin yet maybe someday il buy one ⚓️🧲👍
🤞🏽🤞🏽