Some important reasons NOT to buy Gold
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- Опубликовано: 17 окт 2024
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I think the ratio is out the window now. Gold is where big money investors are and silver is viewed more as an industrial metal and has lost some of its sparkle. People remember how it went from 50 to the teens are are more scared of it. Big money likes safer odds. Central banks buy gold. China, russia, india, and Germany are buying gold as fast as they can. Hard to say what silver will do. Gold still has an upward trend and silver is running flat and stale. Still wise to own both.
Gold is certainly the safer metal that is for sure. Appreciate your thoughts and views on the subject! Thanks.
I personally think silver will be worth more than gold.
Gold is a better "money". It is useless in industry, it is stable, completely unreactive. It can be assigned an arbitrary price without affecting industry. That is why central banks are hoarding it, they plan to revalue it at a much higher price. It is also a more condensed value. Storage in silver for central banks/countries would be impossible if they needed 80x the weight compared to gold and even more volume since silver is less dense than gold.
cody miller I have been hearing from many different sources that the revaluation of silver will be at a higher percentage gain than gold.
But I load up on both of the metals. I like both of them and it's good to diversify. Each metal I can see has it's advantages and disadvantages.
Mystery Buyer I agree entirely. Buy both, my personal plan currently has me favoring silver over gold. You can't go wrong with either metal IMO.
Not for nothin' but nobody "buys" gold. When you do "buy" gold, you are converting your debt notes into money. You're not really buying anything. You are simply converting. If you store your legal tender (FRNs) in a bank, you are not storing acquired wealth. You are storing IOUs that "could" represent acquired wealth. When you convert those IOUs to gold, silver, etc., you are storing your earnings into tangible value rather than debt obligations. Think of it this way: Remember the old Popeye cartoons when Wimpy would gladly pay you tomorrow for a hamburger today? The FRN is a promise to pay you something of value tomorrow and the hamburger represents something of value today. So when you save FRNs, you are saving promises. When you save PMs, you are acquiring wealth.
Well said - preserving an acquiring wealth is the key message people often overlook.
Good analogy. Would people rather have a real hamburger now or a promise of a hamburger that may or not be guaranteed?
Thanx for the leason.... i always learn more in the comment section than some videos
Stacking silver & gold is just plain smart. Hardly anyone stacks the stuff. Most folks have no clue about PM's. We (stackers) are ALL AHEAD of most when it comes to preserving future purchasing power. IMHO :-)
Currently (7/4/19) silver is at 15.34 USD an ounce and gold is 1416.88 USD an ounce. 1416.88/15.35 is 92.3. So would the current ratio be 92.3 to one? If so do you think now is a good time to buy silver? I noticed gold has gone up a good bit in the past month or two. New to buying metals and looking for advice. Thanks!
Only buy what you can afford to live without for the next 25 years, don't think that silver is going to make you returns like a stock or share on the market
Great commentary. Glad I subbed a while back. I've got about 12 oz gold that I got when it was around $1100. I just can't bring myself to more at $1350. Silver kilos and Scottsdale 20oz kit-kat bars are all I've been stacking lately. I can only hope silver stays sub $17 for a few more years.
As I am HORRIBLE with cash and don't trust banks and 401k...silver is a great way for me to "preserve" my wealth.
Good day to you from the mountains of Wyoming.
Glad to have you on board as a sub! Thanks for the info and good that you are saving as you say you are not good with cash.
J T Stachs AG would u advise those interested in getting started in Gold.. to start with 1/10oz etc.. or save up for the hefty cost of 1oz then convert to stacking silver
Lovely addition to the silver stack dude! Im a big fan as you know! In terms of the GSR, I very nearly bought a 1/4oz Maple this month, but instead went for some more silver maples for exactly the reasons you state. The GSR is screaming buy silver right now, and I cant ignore it either.
Arshimo does it again! Great price you got on it too!
Also, when will we see the first BYB kilo bar? :-)
Where are some good places to buy? Im thinking of starting small but I wanna make sure what I'm getting is legit. Thanks in advance
www.europeanmint.com/ is the best place for silver in the EU. USA, probably APMEX
Backyard Bullion is thegoldbullion a good seller?
I have 22 gold coins from 1890 great britania. Should i save it for the future or sell? (my economy isnt very good at the moment)
Hold if you can. Only sell if you have to. Gold should only be used in emergencies. Try not to put yourself in an emergency situation.
It's amazing getting into stacking in 2023 and seeing what people said 5 years ago. Saying gold is too expensive at $1350 an ounce. And silver sub $20. Interesting.
Buy gold if you have money, if not don't, in other words gold can be use for the future use.
Totally agree, thanks for stopping by!
The thing to worry about when trying to sell a Silver generic round or bar is that the dealer you might want to 'sell' it to has to determine whether he can resell it at a profit and how long will it sit on the shelf. One might not even get spot for a generic round or bar because the dealer might say he has no one that will want it except the melting machine.
Yes indeed, this is a pitfall of the silver bar market
Sitting here in 2019 record sterling price for gold at £1210 per oz!
Wish I had bought gold last year then but hindsight is 20:20
Silver is at 13.50 an oz ratio is 88 to 1. Let's hope it catches up cause I've a nice stack I want to turn into gold.
Its a long game.
Only criticism is find silver difficult to sell easily, half sovereigns super easy.
The main problem is the premiums that you pay for each. I would have to Include the cost of the premiums for each and then do the math. So here in the US, one AGE ($1420.24) and one ASE ($20.03) equals about 71 to 1. Not the 80 to 1 several people quote.
Yes - that is true. It makes it even worse when you do that maths for the UK - our taxes mean it is closer to 60:1
Very well thought out and done sir! I will agree with you that the Gold Silver Ratio is high and that just using that as your guide silver is the way to go, however I would make the addition that for diversification some gold would be a good purchase. This is primarily if you are as you said stacking for the long term. I could not agree more that if you are thinking about saving or precious metals you are far ahead of most of the population that seems to forget one day it will retire or ignores that bad things can happen. Thanks a ton and awesome vid brother! Sorry I have been missing so many.
If I was to buy silver bars, which brand should i get? I am afraid buying from you would not be reasonable because of postage. Or do you give a postage discount on say 10 oz or 250 gram bar?
Hi john, on sizes like that I would give free postage to be honest. The only issue is that you would be paying like $30/oz because of our general higher prices of silver and Hallmarking. I could do you a big 10 oz bar though - if you want to invest in "me" hopefully my bars will hold their premium and grow over time!
If you are in the states try Sdbullion.com
John A
Sunshine mint
And Engelhard.
In the last 30 years the ratio went up and down between 40 and 90, it's hard to say where it goes. I buy both, but gold has the big advantage that it's tax free here in Germany.
Andre Gilbert check meinen kanal ab
It bounces back and up all the time. Hopefully it will work out all OK.
I'm buying mostly silver right now but often good deals can found on gold. Especially older gold coins and factional as alot was bought at lower prices than now. But you gotta search them out and be quick or they gone.
I agree that if you find good deals on gold or silver it is worth picking them up
I backed up the truck 3rd qtr for gold and silver eagles. Pretty dog gone prices and 65% gold a 35% silver. PM prices have no where else but up now due to interest rates dropping.
I think 2018 would have been a great time to buy gold
April 2018 gold was $1800 Oz NZD in my county. Today it is $2800 NZD.
I've got both and am looking at buying more of both as silver is good due to it's upside potential and it's cheap to purchase but gold is safety and convenience...in liquidity an oz of gold will lose £100 compared to retail but silver (60oz) will lose me close to £400 so both are wise to own just dependant you investment scale and the Time you want to hold for as silver is better long term and gold is better for a rainy day fund or a short term situation...of course both can be used in the opposing method but the price has to be right or the situation to mean that you can afford to protect a gold haul
Where did you get that umicore kilo bar? Ebay sells those at a huge premium.
I got it on thesilverforum.com/ trade section for a very low premium
Silver would be better to barter with in a SHTF scenario. However i do own quite a few gold coins too. Gold is a good way to condense a lot of wealth for easily hiding it. I also like the other 2 precious metals, guns and ammo too!
Steel and lead
I just wanted to add a little food for thought to your great video. Holding smaller gold coins is a great way to travel/fly with gold in your carry on bag. It resembles pocket change so it's less likely to raise any red flags with security.
In addition, I think it may be wise not to underestimate the available gold for purchase. Gold may not be available when you decide to exchange your silver for it. If things quickly turn bad for some unforeseen reason, the big money could possibly swoop in and buy up the existing consumer supply. That's not to say you won't be able to buy gold jewelry though. "Thanks for your amazing insight video!"
And that's why I switched from silver to gold. Gold may not always be available to acquire.
Kinda has me rethinking my strategy. I just started buying Gold playing catchup to my Silver which has exceeded 1K oz. Up to roughly 5oz. Though I've been buying "on sale" and mostly in fractional (those being 95% queens beasts .25's cause Iove 'em) the cost is rather hard to digest each time I buy, as I could have a full roll of 20 Silver generics, or at the least x15 nice premium Sovereign Bullion Coins in Silver. Matter of fact I started this week with the purchase of 2-more QB's in .25oz . Now seeing the charts, I'll not be buying any more for a while. Back to Silver I go.
I think that having both metals is a really important thing - so regardless you have a good foundation stack and can grow either metal from there!
Right. Once I get all caught up with my ratio I'll be on track. Like most, it all started just stacking Silver..and of course at that time, Gold was under $1100 oz. and still didn't buy in at $1200. Paying dearly now. Stupid hindsight.. Grr!
first let me say this , I love your vids. I don't comment a lot but I do give you thumbs up.
Ok you said you don't understand why people buy after you say not to. Ok here is why, do you realize there's a 1000 people saying every day what to do with metals and most of the time it goes the other why. The truth is most people are starting to realizes that no one really nows what its going to do.
I'm like most, I do appreciate your words, but not even you know whats going to really happen.
At the same time I do watch the gold to silver ratio and I only buy silver myself. and I agree with you.
I don't make these videos to pump metals - I try to put the disclaimer at the start of these types of videos to just remind people that I am just a dude who likes to buy shiny things! That said - there are people who will go around saying that PM's are the best thing in the world and you can make lots of money with them. Hard to do IMO - wealth preservation is the key.
Exactly. For me, saving and a hobby.
I buy both gold and silver bars.
Where do you buy silver and gold. I talked to the people at my bank and they just kept telling me not to invest in that area
www.europeanmint.com/
Banks want you to keep your assets in their dollars and in their bank. They want to control your assets for you.
Also silvler and gold is heavily used in industries around the world. They are always worth face values
Yes inded
Strangely enough, a couple of days ago I sent you an email concerning buying a large amount of silver but as yet I have not received a response. But this latest video has answered my question... Cheers!:)
Hi Graham - what email address did you use? I don't recall seeing it - I would have happily responded if I got it!
The one I used was: silverarcherygb@gmail.com... Is this the right one?
Ah - I have found something - it seems to have come via my ETSY page - which I don't use any more. Probably best to use my most up to date email address which is byb@backyardbullion.com
Whoop's sorry about that! I will use this one from now on. Kindest Regards.
Gold is hard to accumulate because it is expensive. But if you have thousands of oz of silver and somewhat close to meet your silver goals , it make sense to convert some of it to gold now without spending a lot of cash out of pocket. Silver stack can be build up again cause at $16.5 is still a good buy that can last for a while.
IMO- Once silver to gold ratio drops ,trades in large quantities might no go smoothly for thousands of reasons created by the dealers....
You can buy your gold now, in the form of silver and trade it up when the time is right in the market and for you. Appreciate your comments thanks for stopping by!
Love having both gold and silver. Gosh YT is running too many ads on this video. It's irritating.
I have noticed since the demonetizaton of all the small channels there are more adverts available for all the other channels remaining. I haven't changed how many ad slots are in the videos - but previously they would not play because there were not enough ads to go around.
So the pension stack , is the plan that you sell it all at retirement and hopefully gain money because silver won’t lose value like actual money ?
In a nutshell yes, but I will probably will still be staking when I reach retirement
You only sell as you need currency to pay taxes, bills, or other consumables.
Good advice as always! Thank You
My pleasure!
Interesting topic as always, friend. Agree with your analysis for the most part. However.... hope that the 80:1 ratio isn't a permanent re-set, eh? LOL. We're buying small amounts of fractional gold as part of a (very) long term plan for Callum - maybe a half to three quarters of an ounce a year just to spread the "eggs over a number of baskets" but with silver at current prices, it's a no brainer to target the white shiny. Thanks again, buddy; have a great week and give our love to Mrs BYB!
Hopefully not a permanent reset at 80-1 because it would suck! Good sounding plan for callum, hopefully he will have a great appreciation of saving for the future when he starts to earn! By the way - I have one 100g BYB bar left, #10 if you want it just give me a shout.
Big Lorry agree. Hopefully not permanent and hopefully not going much higher for long.
We buy silver with our paychecks, but the tax returns get converted to gold.
Obviously nobody discusses this but in terms of percentage of a current salary, what is good to stack for your pension?
It depends what you can afford. Personally I think 10 - 20% of your salary but it is going to be different for everyone
Gold and silver is my pension. Whatever I have saved at the end of the month, I convert my dollars to metals.
Good words today my friend. I get my gold the "GREEN" way with a pan on a river or creek. I wish good amounts of silver were available the same way. Thanks for getting my goodies underway so quickly my friend.Take care and see you soon.
I would love to take up that as a hobby - not much gold in the hills of the UK though!
Isn't that odd. I have wondered about that. We basically have gold everywhere there is running water and many hardrock mines here in BC. With a free miners licence we are basically able to pan pretty much anywhere. Even on other claims until asked to leave. Very few claim owners don't mind unless a person abuses the privilege.
Love your videos. I'm new to stacking and watching your vids and others has given me the confidence to bite the bullet and buy my first coin. Thank for the vid and keep stacking.
Thanks for the feedback John - glad you like my videos! Good luck with your first purchase!
Silver's biggest issue for me is the massive bid/ask spread in silver versus the very tight bid/ask spread in gold. I can't find any rational reason to purchase silver instead of gold given the bid/ask spreads.
Portability of gold is a huge pro. Silver is more speculative IMO whereas gold will always be money.
Yes indeed
Kevin Fulop - I see silver as a BASIC preservation of wealth. I see gold as a TOTAL preservation of wealth. Gold keeps its spending power in the event of a financial collapse.
Silver's been money before 1964. The bi metallic system is part of our constitution. People have forgotten that or never knew it.
Governments pretty much only store gold, I don't know of any bank that stores silver instead. Gold is a truer asset, but it's price has been high the past couple of decades compared to 20+ years ago.
@@paulw8205 And it should stay high, probably go higher. People are aware of it's true value now. We won't see lower than $1k anymore due to inflation. And banks are stacking silver, Morgan Chase has lots of it.
Where in the UK is the cheapest place to buy physical gold or silver?
The UK is not a good place to by silver. But from European dealersike The European Mint
@@BackyardBullion do they charge vat and if not wont I pay vat through customs
Despite my admiration for the yellow metal I don't feel comfortable enough at the moment to dive in. I'm sure in the future I'll be kicking myself as a number of obvious indicators are there.. Gold has always been the most stable underpinnings of all global trade and wealth despite the elite trying their best to hide the fact. I personally think it's day will come again very soon. Many countries already know that and have been increasing there holdings significantly. Eastern cultures may have differing beliefs to us, however we should not believe for a moment they are blindly just hoarding. I believe a shift in economic growth and wealth isn't very far away! Great topic byb
It is a commitment for sure - just the fact that it is 80 times more valuable than silver alone is important - lots of cash to lock up.
With the wide spread ratio gap I'm only picking up silver for the moment. Once the ratio gets a little more back to normal I will be trading some silver bullion for gold!
Sounds like we have similar plans!
Yeah, but regarding point #1, it's not like you can just 'trade' silver for gold or gold for silver. Most dealers expect you to convert it into fiat currency first, and then repurchase. Every time there is some kind of financial exchange, the middle man takes his cut. So say you paid over spot for your silver to begin with, and then you lost that by selling at spot, and then you have to repurchase with the premium reattached to the gold. So unless the gold silver ratio is ridiculously in favor of silver, often times I doubt you would see much of a profit with that strategy. The only person getting rich is the bullion dealer.
2:47 Oh no - don't do that! Pick of the year became a lemon of the year at this very moment ;-D
I like this coin, I think it is a winner!
Thanks for the video BB, here's the way I see it: your'e basing your argument on the assumption that the gsr will return to it's old ratio of 50/80 or even better, but will it? The ratio could go in the opposite way even.I buy gold only because I can afford it (I worked very hard for a long time and accumulated a large saving in cash,then "discovered gold" so I started buying it as I believe my wealth is safer in gold than euros. I like your idea of cashing in a krugerrand every now and then to get buy in retirement,thats the way I see it too. A gold coin is two weeks wages condensed into a little piece of metal which can remain unchanged for even centuries. Regarding cashing in a gold coin to repair the boiler and having £500 left,thats not a huge amount to have lying around,just put it under the matress or whatever.The bottom line for me is this....in the modern world you cannot trust banks,governments,financial instutions,etc...PMs for me are the safest bet,not guarantee,but bet,and the safest bet in my book.
The ratio could very well change the other way for sure. Nobody knows!
I wish I was buying gold in 2018..!!!
Ha, yes indeed
Sitting here in our f-d up 2021 and watching these old videos suggesting not to buy gold...
Now I'm 99.9% trusting my gut feeling to buy Platinum while it's cheap.
It's irritating that the government has its thumb on the scale in the uk with regards to the gold silver ratio through VAT on silver.
Oliver Bristow - I hear you bro... £20 for a 1oz Maple Leaf 😡
Very true
I love sovereigns, gold pesos and francs. I can find those at spot or so close to spot most of the time. Premiums are soo much better. Deals are out there. You just have to look. I have been buying silver at the moment though.
You don't know what you'll be able to do. For example, if the ratio becomes more favorable, who says that Gold will be available for purchase by individuals? For example, let's say Silver ends up at $130 per oz but Gold is only at $4,000 per oz. Who's to say that Gold will be deliverable to individuals at that price? My own opinion is that people should be purchasing mostly Silver, but I would still be buying Gold in very small increments over time. If there is a good opportunity to reallocate your stack at a later date, then do so, but I wouldn't eschew Gold on the assumption that you'll be able to easily reallocate in the future.
Turns out from July-Dec 2018 was a great time to stack any gold you could buy. Rather than silver.
Gone up 10% for us!
Its a gamble that the ratio will tighten and premium you will have to pay ..a store will not swap silver for gold at spot
Some stores will swap, in fact I know all dealers would swap, just not at the spot ratio, they would just buy your silver for the market value and sell you a gold coin at a market value
Backyard Bullion your lucky my local coin store will not buy back at at spot.. And the silver they take $3 off per coin then can swap for gold.
Backyard Bullion just another observation you believe that the currencies will not crash for another 20 30 years in this economic environment??? With massive debt and bubbles all over the place..just curious what your view is thanks
Because if the $ collapsed completely there would be a world war, the establishment would not let it happen. They would manipulate it to keep afloat like they have been doing - only a global war will start this kind of downturn
Backyard Bullion I hope your right!!
Gold is a great foundation. Silver is a great wildcard.
Yes indeed - silver much more volatile.
I believe you need both. Gold for the big purchases and silver for the day to day smaller purchases.
"Fueling the global gold market", love your sense of humor...good video :)
Good advice
Thanks!
Little to simplistic a wish - The RATIO to advantage Silver or Gold happens very slow over years
It can take a life time to wait for the ratio to work to your advantage it's a matter of view point
some people do sell gold and then buy more silver also . The timing can't be counted on .
Gold has proven for thousands of years the standard , Silver also FULLY respected . But to buy silver now in hopes of the Ratio to work in your favor for gold Requires to many HOPES . Gold / Silver go up and down in tandem the Ratio is like a slow growing Tree
Silver is historically cheap.Yes. but why people say the market is manipulated which it is, to keep silver down.
Back in the 1980 the Hunt brothers on march the 27 tried to corner the silver market they managed to push the price up to about 50 dollars an ows, they fail they got it up alright by manipulation.
The market got swamped with silver sellers, the Hunt brothers were long on silver and paid the price when the price collapsed. They went from millionaires to nothing as the market has no friends, please take this lesson from history in your mind.
If you have the money buy both gold and silver, why ? Gold its an international currency most countries hold some reserve in gold, if it is good enough for central banks to hold it good enough for you, it is accepted world wide, but it has one problem it is so expensive to buy and a bar of gold what can you do with it? it is a store of wealth never earns you money but overtime it should hold its purchasing power. Yes gold has gone up, but it is due to the currency being debased by printing more fiat money its a hedge.
If you want to prepare for a currency reset on a small budget buy silver, due to the fact that it is cheap more mined that gold as you get about 9 ows of silver to 1 ows of gold from a mine.
Silver is cheap now, in some mines it cost more to produce an ows of silver than its worth, hence mines closing and not being replaced. In time the law of supply and demand will push silver higher.
Therefore stack something, it possibly will not make you rich but could help you survive any currency revaluation.
Undersided weather to buy or not any type of precious metal?
Look at what's taken place in Venezuela, currency devalued again and again by successive governments, who pay the normal person in the street with no hard currency or even a small stack of silver, which is worth a lot to any Venezuelan now.
Why would u buy coins over bars??
Where did you buy this silver bar from? I thought there is 20% VAT in EU for bars...
I bought this second hand from a silver forum member
I like gold because its yellow and shinning but steel are better more durable.
I am buying gold simply because I met my silver goal. But still buying 10 oz. silver to 1/10th ounce of gold going forward.
This could be the new gold to silver ratio. 80 to 100 silver to 1 oz gold. There's a lot of mining going on right now and they're finding a lot of silver around the world. I was watching this video on RUclips from this Russian guy who looks for gold with his little daughter. He does near river beds and finds huge nuggets on top of rocks. He doesn't even bring a metal detector. He finds so much of it, it looks like it's abundant wherever he is,somewhere in the mountains of Russia. When I see him finding all that gold, it makes me wonder is this a hoax or is it really easy to find gold in some parts of the world.
Great information. Thanks!
Thanks - glad you enjoyed it!
Thanks well presented for those needing ratio reminder
My pleasure!
What if I have 1500 USD to spend on gold and I save it for the price of gold to go down but now the value of the dollar is less?
Yes - this is a tough call for sure.
From what I've seen, the premiums on 1 oz silver bullion is higher than the premium on fractional gold.
Yes they can be, certainly here in the UK
Fortunately here in the United States we don't have VAT tax but my local coin shop charges a 27% premium on american silver eagles, silver maple leafs, and silver phil harmonics but only charges around 8-10% premium for generic silver rounds.
I advise all of you including the videos poster to look up chinese gold. China owns enormous amouts of gold meaning they not only hold cash value to boost money. But they also can drain the market except what individuals hold.
They are fast becoming the most powerful economy in the world
There could be a time when China accumulates enough gold, that they will dictate the price and make it so expensive that gold will be out of reach for the average Americans, if it isn't already.
How much was your silver bar
about £1500
How to store it?
What you say is partially true but it's not as great as you make it out to be. The difference for me between buying and selling silver is around 7%. For gold this ratio is around 2%. So If I buy silver now and sell it later I lose 5% if the ratio remains the same. The ratio is still high at the moment but their are costs you need to consider when swapping silver for gold.
Gold often rises before silver does so you could try to ride both waves and buy gold now sell when it goes up for silver and then go up again. (I would never try such a risky thing but maybe some other people want to).
For me its only silver till 1:60, then ill consider buying some gold.
Wise words my friend - I presented the maths as per the spot prices - I agree that looking at premiums of silver vs gold is SO important when deciding what to do with your strategy. Appreciate you stopping by!
Would you lose money in the buying it because of the vat and lose money then you sell it because no one going to buy it at the market price
To get a profit silver price needs to be double to off set the vat and selling price
Only if you buy it with the VAT applied, I hardly ever buy my silver from UK dealers, only from European ones operating under VAT margin schemes or second-hand via the silver forum
@@BackyardBullion who's the best deal in silver
www.europeanmint.com
@@BackyardBullion thanks
@@BackyardBullion but it's got shipping cost on it
see i get the appeal but gold coming out of the ground is estimated to stop around the 2030s also gold is used in electronics and spacecraft so its value will eventually explode but the same might happen with silver too eventually
People miss the point, so what if you lose a little bit of money in buying over the years? It's the fact you own it that matters, you don't just spend a silver bracelet but if you needed to you could sell it & buy food! having any amount of gold or silver is good, having your money in the bank is shit because you will spend it all on Harley Davidson parts, at least I do!
great points!
Thanks!
I'd like to buy gold just to be able to have some, but at its current price it seems like a risky at best investment. Throughout the history of mankind, the silver:gold ratio has hovered right around 20:1. It has only been since 1933 when gold ownership was made illegal in the US that gold skyrocketed the way it has. The bubble may not burst in our lifetimes, but gold is severely over-valued in the gobal economy and is just waiting to plummet in price. Silver may be more volatile in the short term, but long-term risk is much lower than gold in my mind.
Gold started to take off in the 1970s when Nixon took us off the gold standard. For the first time our cash wasn't backed by it. Gold shot up, because the dollars we were using were printed out of control to fund the war in Vietnam. So due to inflation, gold prices appeared to be high. Then in the 80s, the interest rates were high so gold went down and everyone wanted dollars. The reason why gold is high now is inflation and demand. I see gold not going lower, but higher because of future inflation and other countries are holding it and buying it. It's in demand.
Where dose everyone buy gold and silver from in the uk 🤔🧐
There are a lot of good websites that allow you to buy minted gold with a certificate.
I personally used bullionbypost.com and silvergoldbull.co.uk
@@jakinthejay6390: Me too....I've been buying from Bullion By Post for five years and never had any problems.
Chris Marshall: I buy silver here:
www.silvertrader.uk/
I buy gold here:
www.bullionbypost.co.uk/
I think it is a mistake to compare the gold to silver ratios from the 1920s to what they are now for this simple reason: back then silver was used as money whereas now that's no longer the case. For that reason alone I do not expect the ratios to "correct" ever again. As technology increases more a more industrial uses are found for silver and as long as they keep mining the hell out of it the prices will only decrease further. Therefore, stackers should be careful to look at silver as an investment or as a cheap way to obtain more gold in the future if a correction happens. I do what the banks do, which is to buy gold, because unfortunately the banks dictate what is money and what is not. It's not fair and perhaps it makes no sense but please understand that a few people in the world dictate what has value and they are not buying silver but gold. I still buy silver every month but only because I love the metal, not because I'm planning to get rich off of it. Just my two cents.
Yeah, it's funny how some people are relying on historical ratios when silver was harder to find, but people need to take into account that with technology, silver is being found more now than it was in the past. Silver isn't as rare as it was. Gold is what people should be buying.
I'm gunna go for a 15kg gold bar, go hard or go home.
I best put lotto on tonight then.
Pish posh..... I have silver, but gold is where it’s at. Buy buy buy gold in 2018 and ignore this guy.
You didn't really get the meaning of the video did you?
You have to pay vat when buying silver, and you dont when buying gold, so silver is +21% (in my case). So you lose 1/5 of price because of vat
If you are in the UK then join our group borders from Europe - you don't pay VAT
I just cant bring myself to buy silver i did go nuts on saterday and bought 4 gold coins when it hit 1209.00 oz my retirement took a hit when it dropped from 1340 to 1209 but it will come back!
Gold is good, better then silver perhaps.
Backyard Bullion i think so but ya do gotta watch I think some Silver Mines are doing some high-output right now for some reason so it might not be a bad idea to grab a little silver but when I have 50 bucks I just got to buy a gram or a half gram of gold I just can't do it with silver lol but to each their own lol
You didn't feel like talking about TAX then ? Also, when I treated myself to a 100 gm. blob that revealed the very real beauty of silver, I couldn't help reflecting that fifty pounds in bank notes would have been much lighter. Good video, thank you.
Really appreciate all your content man
Thank you - appreciate the support!
In my view the only reason to own gold is for the one off event of a price reset. If you're in a PM bull market you want silver not gold. And if you own gold because in a bear market gold goes down slower than silver, you're just a terrible trader asking for punishment.
I've started stacking gold fairly recently. And I'm doing it in 2018 because, quite simply, now I can. Before, I didn't have the resources to buy gold, only silver. So I look at it as either I'm going to buy gold, or I'm not. And we have no clue, really, what the future holds, so either I'm going to do it, or I'm not. I've decided, yes, I'm going to do it.
But I only buy fractional, as that's realistically the only way I can buy it, and because fractional makes sense, if one believes in a possible radical change in the economy. And I do think that's a real possibility.
The ratio rarely stays above 80 for long but who knows maybe this time is different.
it could be the start of a new norm. But hopefully it will drop down soon.
Your stacking for 20 to 30 years in the future..this game will be up within 5 to 10 years
What do you mean "up" in 5 years?
I have a feeling that Stephen is talking about astroid mining which will supposedly have started by 2024. The “game” will not be up Stephen because there is only 4 astroids close enough to the earth to land on and make a profit through drilling for metals. Another reason gold and silver won’t decrease in value is because inside of these astroids is minuscule amounts of precious metals. It costs millions to send a rocket into space and to successfully land on a moving astroid is difficult enough but to drill for tiny amounts of gold and silver is not worth the price of sending a rocket up. There is not enough gold in astroids to affect the price of gold and silver in a big way.
@@harrisonmortimer7677 And even then, gold will always be worth more than paper. The costs involved in finding and the mining of it applies on earth and especially in space.
Yes we are quite the Pickled community.......
Yes indeed!
Backyard Bullion I meant fickled not Pickled I'm sorry.
The ratio says buy silver i only buy rare gold coins but very little vs silver
It's the 20 percent vat that puts me of silver
Buy from the European dealers in Germany or Estonia and you mitigate this.
Backyard Bullion ..... what about import duty?
No import duties for the time being - at least until the transition period ends in December
Backyard Bullion , thanks for getting back to me, what will you do after December? I know you rate European mint quite highly. Just curious if you have a plan.
I always enjoy your videos but I think the biggest negative for stacking silver is the 20% Vat, isn't that the same as the premiums when you buy fractional gold? I have never had to liquidate any of my silver stack so I don't know if a dealer will pay you the Vat when you sell, I know this is only a uk problem. I have been stacking both gold and silver for 5 years but I still think gold is the better bet long term if your budget will run to it. cheers
It is about getting as lower price as possible when you buy your silver. This silver kilo bar was bought way cheaper than any other silver on the open market at the moment so it is about as good as you can get. Buy from Europe or buy second hand from places like the silver forum.
Is it possible for silver to be worthless in 20 years or so?
Mason S
Its a possability, as with any investment. Silver has many uses, if the price is to high. A company will not lose its profit. It will resort to a cheaper product. I love silver though.
Unless everyone stops using it for jewellery and an alternative is found in electronics and other industrial processes then no it will never be worthless. I would suggest the opposite, more industrial uses for silver and gold are being found all the time increasing demand e.g. solar panels.
It is always a possibility - but gold and silver have got 10,000 years of human history behind them as valuable assets. Some things just wont change.
Super unlikely
If our gov't and banks took gold and silver out of our money, then they recognize the value and don't want the people to have any. Think about it.
Who thinks silver looks better than gold
Gold is where the real beauty is!
moon energy.
Do a video on the kilo silver bar please.
It will have it's own special feature at some point!
where do you buy 1kg silver bar in the UK without VAT?
My channel sponsor, the silver forum, has an amazing trade section where I bought this bar second hand. Go check it out!
How do I avoid the tax man
Silver ratio, when considering VAT and higher premiums are not that high. If you want lower ratio between gold and silver, you are required to match the premium and take the VAT away from silver.
The main reason why I do not buy that much gold (or silver for the broke people) is the fact that I do not have any use for it. I prefer income producing assets to just let your funds become rusty together with the metals.
Gold doesnt rust and silver only tarnishes. Do you think most "income producing assets" are currently massively over priced due to QE? Are these in danger of taking a massive price hit when QE is finally reduced or stopped?
Q: "Do you think most "income producing assets" are currently massively over priced due to QE? Are these in danger of taking a massive price hit when QE is finally reduced or stopped?"
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A: First of all, I want to thank you for a relevant and good question.
Income producing assets are not overpriced massively in the most parts. They reflect status quo and the price is based on the income they produce taking account the risk free interest rate.
Prices will vary and we do not know from which price the decline starts and how low it drops. That being said, in the long run income producing assets will outperform rusting metals. Bear in mind, when money supply goes down, do you think silver and gold will rise or drop? Which ones you want to hold rather in that scenario? Assets that bring you money that you did not have earlier (but drops in price) or assets that drops in price only?
Silver is the future >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> :)
It sure is!
Karol Palazej they use artificial gold for electronics now
Silver keep going down for last 3 years
Is this a joke?
No, deadly serious!
Dude…! Get the hell off the Adderall. And just get to the point
Dude...! How about you be a little less rude....the literally 9300 subscribers I have enjoy my videos and the way I talk. If you don't like, don't watch, certainly don't be a douche.
Backyard Bullion lol 😂 ooo boy... I honestly have no idea anyone including yourself would even see this port ever respond to it I was annoyed… I’m sorry for the negative comment. I apologize
I read and reply to every comment. I stand up for myself and am proud of what I am and what I do. Thanks for apologizing. Hope you enjoy my ramblings in the future!
The way things are going now it will be wise to invest in God's money.
I am not sure about god's money, all I know it is a good hedge against the value of fiat.
Gods money??? Means nothing demonstrate there us a god then I will want to see gods money!!! Unless you mean nature's money??
@@stephenpack2202 ah you atheist are so cute. It takes more faith not to believe. If I'm wrong I've lost nothing but if you are wrong, you've lost everything.
@@alphadog6652
Explain how it takes more faith to not believe in something?
Also, pascals wager. Pretty outdated there pal