Good point made about people not buying as price is high. Looking ahead in 3-5 years time could be £2500oz and they would wish they could go back to £1950oz. Just mentally hard when you know you should have bought it earlier. I sold some gold when I thought it was high only to see it rise by another £250oz within a year.
This is why some people buy regularly... you get bargains and pay high, but on average it's ok. You can't time the market, but it takes a different discipline.
I've been buying gold since 2014, some of the 1ounce britannias were bought for £790 including the premium! It's been quite a ride, Keep on stacking and thanks for the content.
Im stacking only gold sovs every time i can as here in portugal we can buy them pretty much at spot value. Silver is a no-no as its price is always around 40/50% overspot and its a nightmare to Sell.Greetings from our little coastal country. Keep up the good work
Buy it as long as you think you can afford it and don’t need the money for bills! Remember a sovereign doesn’t pay your bills, money in the bank accounts pays your bills!
Buying at the peak is never sensible as its more likley to fall rather than rise further . Let it drop just a little $100 or so off peak is fine . I do a modified DCA where i buy only if its cheaper than week/month before.
Would love a 1oz gold coin but there definitely out my price range but the 1/10th or 2.5g & 5g gold i could afford but if it continues I'd just have to get 1g. My monthly plan is 1/10th oz gold and 10oz silver each month. Gonna have to find another way to get more wait. If i give up vaping which costs me £10 a day and give up a meal deal each day that costs £4 that would be a saving of £392 each month which with my current budget I could probably afford 1/4 oz gold and 10oz silver each month. Wow just working that out makes me wanna stop vaping
@@jisskk28 6 monster boxes of silver takes up way more space than the equivalent value of gold. Also weighs way more too. Also gold has a track record of increasing in value, todays high prices are next years low bargain basement prices.
@Neo_Psy ..ima make more gains from the silver I've been stacking since silver was at $15 then you will buying gold after it hit $2500. Silver is the future😎 When ratio drops below 50,maybe I'll swap out for a few gold coins. So much gold out there that's undiscovered or buried in tombs,temples,under water,and under mts. Silver not so much,it's being used up. Critical to human advancements.
@@jisskk28 In the UK investing in silver is pointless because of the huge amount of VAT we have to pay on it. You aint going to be making any money from silver here if you're just buying bullion. Maybe if you get into numismatics, you may make some money. So if you're in the UK, stack silver for fun, stack gold for preserving wealth. Also I've been hearing people say silver is going to go to the moon any day now for decades. It's never happened.
i’m in the us and have been stacking for ab 7 months now, my first purchase was $600/$600 for some silver and a 1/4th maple, and that maple sat with me for 6 months then i traded it for silver. in this time i’ve saved enough silver to afford 2oz gold, and saving 3.5 months for the gold is just impractical for me, making purchasing gold through fiat seem unattainable for me. i plan on playing the ratio for my gold once it tightens a bit
Just like the best time to plant a tree was 20 years ago, the best time to buy gold is now. You can't go back and plant that tree, but you can still invest in gold today and watch its value grow over time.
Gold and silver are crucial to stack right now due to their historical role as safe havens in times of economic uncertainty and their potential to preserve wealth as the financial system faces unprecedented challenges. With rising inflation and market volatility, these metals provide a tangible hedge against the erosion of purchasing power and currency devaluation.
Good points on financing. Mortgage paid off but taxes persist, it’s all distilled to the least amount or no debt at all or very little in my case. I also misspent on my younger years.
Where do you stand on CGT if you exchange foreign gold for UK gold with a reputable dealer? So no cash, just gold for gold. And then sell that UK gold at ‘a later date’?
Is it just me that gets really irritated when there's scratches on your coins. There's some small scratches on my 1/10 oz gold Britannia bullion and it bothers me. Part of it wants to sell it because of it
Yeah, it's because there's no expectations for quality control. I've bought rounds mere weeks after release and the faces on every single one looks like they've been used in a game of airhockey.
If you are worried about an unexpected £500 expense and having to sell gold it’s quite simple - you should not be in gold. You should have at a minimum 3 months living expenses in cash before you invest in anything and debt free other than your mortgage…. If you haven’t got that fiscal discipline the simple truth is gold won’t save you…
Atkinsons.90% still checking other for bargains and they are there if you ready to buy! Because they are snapped up. If you are not ready to buy don't look as it can be heart breaking. 😢
The majority of the time gold will beat silver, its obvious to anyone who bothers ro check multiple time frames . Silver is an industrial metal , being an industrial metal is a major disadvantages in most sititaions not a positive one . The above is based on spot price when factoring premiums and taxes ( in some countries like uk) its even worse .
got my dad a 1g gold bar in a coa card for his birthday, i was going to get him the usual nice bottle of whiskey, but, and i know the whiskey would have been cheaper, but the gold will be better for his health, the whiskey will have a value of zero after hes supped it with nothing to show for it and i do think even at this price gold is a good purchase.
The UK spent more paying off the interest only on our national debt than our entire education budget.We owe £80,000 for every tax payer in the country and if you include future public sector pension liabilities you can double that debt. We will never be in a position to pay off the debt.. We are no different than most Western nations (US,Italy,Spain, France etc) so FIAT Currencies will become worthless within 10-15yrs in my opinion.
Now i see where all the gold sovereign are lol did you know that gold there in front of you wad mined in Kirkland lake ontario lol where I am from it was mined in the early 1800s to the 1900s and still I was looking for property up there and some property even if you buy it the pine trees on it are reserved for the crown so it belongs to England thought you might find that interesting 😊😊
Good point made about people not buying as price is high. Looking ahead in 3-5 years time could be £2500oz and they would wish they could go back to £1950oz.
Just mentally hard when you know you should have bought it earlier.
I sold some gold when I thought it was high only to see it rise by another £250oz within a year.
This is why some people buy regularly... you get bargains and pay high, but on average it's ok. You can't time the market, but it takes a different discipline.
I've been buying gold since 2014, some of the 1ounce britannias were bought for £790 including the premium! It's been quite a ride, Keep on stacking and thanks for the content.
Im stacking only gold sovs every time i can as here in portugal we can buy them pretty much at spot value. Silver is a no-no as its price is always around 40/50% overspot and its a nightmare to Sell.Greetings from our little coastal country. Keep up the good work
Thats interesting that gold sovs are the coin of choice in Portugal
🇬🇧🇵🇹🤝
Buy it as long as you think you can afford it and don’t need the money for bills! Remember a sovereign doesn’t pay your bills, money in the bank accounts pays your bills!
The price of anything wouldn't double if people weren't buying!
Buying at the peak is never sensible as its more likley to fall rather than rise further . Let it drop just a little $100 or so off peak is fine . I do a modified DCA where i buy only if its cheaper than week/month before.
Gold price will drop ? I want to buy gold but gold price is very high now a days I'm waiting for gold price dip from last month
Any chance of doing a guide on selling gold and silver? I'm simply interested in others expirience and what best practise would be.
Thanks.
Would love a 1oz gold coin but there definitely out my price range but the 1/10th or 2.5g & 5g gold i could afford but if it continues I'd just have to get 1g. My monthly plan is 1/10th oz gold and 10oz silver each month. Gonna have to find another way to get more wait. If i give up vaping which costs me £10 a day and give up a meal deal each day that costs £4 that would be a saving of £392 each month which with my current budget I could probably afford 1/4 oz gold and 10oz silver each month. Wow just working that out makes me wanna stop vaping
Gold is always a good purchase. Safer bet than silver and easier to store.
Yeah,cuz 6 monster boxes of silver is just too hard to store🤪🤡 Keep buying gold at the top😂 I'll switch some silver for gold when the ratio drops.
@@jisskk28 6 monster boxes of silver takes up way more space than the equivalent value of gold. Also weighs way more too. Also gold has a track record of increasing in value, todays high prices are next years low bargain basement prices.
@Neo_Psy .. really? monster boxes take up more space than a the equivalent dollar amount in gold? I didn't know that🤪
@Neo_Psy ..ima make more gains from the silver I've been stacking since silver was at $15 then you will buying gold after it hit $2500. Silver is the future😎 When ratio drops below 50,maybe I'll swap out for a few gold coins. So much gold out there that's undiscovered or buried in tombs,temples,under water,and under mts. Silver not so much,it's being used up. Critical to human advancements.
@@jisskk28 In the UK investing in silver is pointless because of the huge amount of VAT we have to pay on it. You aint going to be making any money from silver here if you're just buying bullion. Maybe if you get into numismatics, you may make some money. So if you're in the UK, stack silver for fun, stack gold for preserving wealth. Also I've been hearing people say silver is going to go to the moon any day now for decades. It's never happened.
I don't think gold is gonna drop below $2k again unfortunately, so I'm gonna start stacking it too.
i’m in the us and have been stacking for ab 7 months now, my first purchase was $600/$600 for some silver and a 1/4th maple, and that maple sat with me for 6 months then i traded it for silver. in this time i’ve saved enough silver to afford 2oz gold, and saving 3.5 months for the gold is just impractical for me, making purchasing gold through fiat seem unattainable for me. i plan on playing the ratio for my gold once it tightens a bit
So what your saying is that over time gold goes up in price.....amazing insight...thank you.
In a roundabout way, yes. Your sarcasm is unnecessary, but you are a wonderful internet RUclips commenter after all, so you do you.
He boosted the algorithm for you by commenting😂@@BackyardBullion
@@BackyardBullion 😀
Just like the best time to plant a tree was 20 years ago, the best time to buy gold is now. You can't go back and plant that tree, but you can still invest in gold today and watch its value grow over time.
Gold and silver are crucial to stack right now due to their historical role as safe havens in times of economic uncertainty and their potential to preserve wealth as the financial system faces unprecedented challenges. With rising inflation and market volatility, these metals provide a tangible hedge against the erosion of purchasing power and currency devaluation.
Love the gold stacking. Keep up the good work.
Good points on financing. Mortgage paid off but taxes persist, it’s all distilled to the least amount or no debt at all or very little in my case. I also misspent on my younger years.
My view is if you hold it you control it.
Where do you stand on CGT if you exchange foreign gold for UK gold with a reputable dealer? So no cash, just gold for gold. And then sell that UK gold at ‘a later date’?
I was going to ask that too... did it apply to anything in BYB's "great Atkinson's swap"?
The problem I have with smaller denominations of gold is the high premium :/
Is it just me that gets really irritated when there's scratches on your coins. There's some small scratches on my 1/10 oz gold Britannia bullion and it bothers me. Part of it wants to sell it because of it
Yeah, it's because there's no expectations for quality control. I've bought rounds mere weeks after release and the faces on every single one looks like they've been used in a game of airhockey.
Since watching your videos you have inspired me
My late father would have loved you young man. Great video and really informative. Thankyou ⭐️
Sovs , half Sovs and 1/4 Oz is the trend now, still buying monthly whatever I can so...I guess it should be fine.
well done ----- fellow gold addict
btw, is there any use of these numbers, on gold bars?
If you are worried about an unexpected £500 expense and having to sell gold it’s quite simple - you should not be in gold. You should have at a minimum 3 months living expenses in cash before you invest in anything and debt free other than your mortgage…. If you haven’t got that fiscal discipline the simple truth is gold won’t save you…
Where do you buy your sovereigns? and are new sovereigns worth it?
I buy older ones of the silver forum or via Atkinsons
Atkinsons for me, fab price and great service.
Yep Atkinsons every time😊😊😊😊
Atkinsons.90% still checking other for bargains and they are there if you ready to buy! Because they are snapped up. If you are not ready to buy don't look as it can be heart breaking. 😢
Chards is cheaper
The majority of the time gold will beat silver, its obvious to anyone who bothers ro check multiple time frames . Silver is an industrial metal , being an industrial metal is a major disadvantages in most sititaions not a positive one . The above is based on spot price when factoring premiums and taxes ( in some countries like uk) its even worse .
got my dad a 1g gold bar in a coa card for his birthday, i was going to get him the usual nice bottle of whiskey, but, and i know the whiskey would have been cheaper, but the gold will be better for his health, the whiskey will have a value of zero after hes supped it with nothing to show for it and i do think even at this price gold is a good purchase.
He can trade the gram for 2 bottles next year ;)
0 taxes atm on any gold or silver in my state in the U.S.A. paying taxes on real money is a joke
The UK spent more paying off the interest only on our national debt than our entire education budget.We owe £80,000 for every tax payer in the country and if you include future public sector pension liabilities you can double that debt. We will never be in a position to pay off the debt.. We are no different than most Western nations (US,Italy,Spain, France etc) so FIAT Currencies will become worthless within 10-15yrs in my opinion.
Now i see where all the gold sovereign are lol did you know that gold there in front of you wad mined in Kirkland lake ontario lol where I am from it was mined in the early 1800s to the 1900s and still I was looking for property up there and some property even if you buy it the pine trees on it are reserved for the crown so it belongs to England thought you might find that interesting 😊😊
I'd be more concerned about silver if euphoria surrounded it but I'd say it's quite the opposite
Short of keeping your stack under the bed, where do you advocating keeping it?
In a room guarded by Doberman Pinschers.
I love a good spanner.
If you have spare currency buy gold.
The key word is SPARE!
1oz of gold is expensive so tease us with the 2oz lunar dragon 😂 i have the 1/2oz dragon the best looking coin in my stack 👊
I buy pure numismatics, once or twice a year.
How long will it be until a sovereign will be worth £500? IDK, sooner or later.
Their is never a bad day to buy gold😎
There*
"In thirty years time", on your yacht, sailing off the coast of the Republic of New Britannia.
If you want to sell big, then you go to sell personally?
Like a gold "drug" addict, can never stop buying it😂😂could you EVER stop buying???
buy at the dip as it will dip
I never buy at a peak.
There is NEVER a bad time to buy gold just ask Gollum.
now imagine you bought BTC 8 years ago instead of gold ?
Isn't it super expensive now?
Still hasn’t reached its inflation adjusted high of 2011
RC000191, nice video as usual, thanks! :)
000191 will I be awarded with a free sovereign? lol
Another great ramble down precious metal lane. RC000191
RC000191 lol
So much for a bounce. Silver is getting absolutely slammed!! The federal reserve is forevah!!!!!
Nice Video again BYB!
G'day from Perth Australia 🦘
RC000191 nice ramble mate.
:)
RC000191 😁
RC000191 I have never been cool before :)
Don't get arsey 000191
RC000191 CKC!
RC000191 Great video Thanks
RC000191 😎
RC000191 damn i'm a cool kid.
RC000191 👍
RC000191 🙂
RC100191
what's the cool kids club? RC000191
RC000191 🎉
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I want to be a kid cool RC000191. GREAT VID
RC000191 😎
RC000191 😁
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