Good luck buying small amounts of groceries and other household goods with even a 10th oz gold. You need both gold and silver, just like you don’t just keep $100 bills in your wallet. You need change
Sometimes I think people are responding to things that are inside their head rather than what people actually believe. 1) People focus on Silver because it will be valuable in certain small the medium-sized barter situations, and because it can be traded for Gold at a later date. 2) People focus on Silver because it is massively more affordable than even a fractional piece of Gold. 3) Virtually everyone knows that the density of your wealth storage must primarily be in Gold. Once you get much beyond 1,000 ounces, Silver becomes increasingly hard to store, hide, move, etc... 4) Most people realize that for day-to-day activities you will need Silver as payment and as a change-maker for Gold. Walking around with fractional Gold is like walking around with a $100 or $500 note and trying to buy a drink and a sandwich with it. If you don't have Silver and s significant enough amount of Silver to make change many many many times for your Gold, you'll be overpaying for a great deal of what you try to purchase. Pretending like people don't realize these things really isn't helping anyone. Yes, are there folks who need to hear this? Yeah, some, but we're talking about people who are literally starting at ZERO knowledge, which doesn't constitute 90%+ of the stackers you're likely to encounter. I know that once I surpassed 500 ounces of Silver, probably 60% of my available money shifted to purchasing fractional Gold, and it's been that way ever since. That was years and years ago I might add...probably a decade or so ago. 5) Lastly, I would say that Silver's future value is an unknown. It is quite possible that within the next 3 to 5 years, Silver could be north of $100 per ounce. No one can say precisely how likely that is, but the long-term trajectory for both metals is up. Having said that, the older anyone gets, the more they should be converting into fractional Gold, and EVERYONE should stay away from large Silver bars of any kind. Sticking to 1 ounce coins, rounds and bars, as well as fractional pieces of Silver is really your best bet in the long-term, as it relates to Silver itself.
How do you buy food with a gold sovereign ? Don't think you are going to carry 200 tins of beans or 20 joints of meat or even 150 loafs of bread. Silver has the same value as gold in SHTF 🎉
Maybe. Personally, I think human nature is that people would try to get organized in a hurry to ensure their survival. In that scenario your guy who rears chickens probably also produces eggs, so there are two items you may want to go to him for regularly. I would guess a form of accounting would happen quickly in communities where there was enough trust in people and you would have gold credit with him to spend later. Maybe this is an argument for having some small-sized fractional gold in your stack too. I'm in favour of having a little bit of silver "just in case", but generally I want gold and I can get 1/10th oz gold for a similar premium to silver. Yes, I know the gold dollar value on that is a lot more but I would rather have gold, it's the ultimate form of money.
Most understand that silver will never compete on price with gold but for those investors who don't have the worth to own gold are just fine in procuring some silver. Some may advance to owning some gold but not all will. Silver is still a good investment with potential in a different category than those with more funds.
I think if you stack gold and silver its a heads up on lots of people . Like most investments you can only invest what you can afford . I buy silver and gold coins as I like the items and its a bonus its value can go up. 👍
I agree 100% with this assessment "To-day"...... but! "Tomorrow" next week, next month or at sometime in the future? who knows, silvers price could even match or takeover golds price in the future? For instance if Gold, has is looking likely is used to back money in the future? its price will be fixed? as a monetary metal? There are a lot of what if's for the future, choose your path and start traveling it, keeping your eye on the sat nav to make sure the route ahead is still the one right for you! and good luck to all of you....
@@davidwebb4904 In a sense that is true, but I put it to you... how much more would people be willing to give for it in a scenario where it is deemed illegal to trade with it?
I would just bury the majority of my silver stack in a few different spots. You could always go back to one of the stash spots to top up. Taking with me 1oz -2 oz sizes which are perfect for trading with. Trading with a gold sovereign would potentially purchase more stuff than you could carry anyway ( they won't give you change ) - just like carrying heavy silver???
Has your viewpoint about silver and gold changed as you have amassed more wealth? It appears as net worth climbs, silver gets left in the dust in favor of gold. The precious metal market is quite interesting at the moment but we don't know what they will look like in 1 year, 3 years, 5 years, 10 years or beyond. Stay alert and adapt as needed.
Gold is certainly more portable but if you need to trade your gold for something what is going to be used to make change. For high value purchases like a property gold wiĺk be fine but buying some groceries then you are going to want silver. Much more useful fir smaller transactions
Always finding people in these comments thinking we’re going to end up in a post apocalyptic world. Unless we are hit by a meteorite capable of destroying civilisation it’s not going to happen. The West fought two world wars and still pulled itself up by its bootstraps, what makes you think a global banking collapse will cause it to happen? Life will go on as normal, everybody will just be poorer and angrier for a time.
I’m buying my first ounce coin today Britannia and I’ve got 10 ounce coins silver Britannia coming. Should I get some sovereigns to add to my stacking ?
Your idea of greed makes no sense. Most people have many many times more money invested in pensions, stocks/bonds, or oversized houses - are they even more greedy? What about people with multiple cars, watch collections etc........
I like both for different reasons, and if silver was that worthless why do they fix the markets ? The brics are going to back the unit with 40% Gold, and I do think others will go down this road. It will put the price of both up, but they might be a sting in the tale, of how much gold you can hold.
I love this, but I don’t know anybody who will take on the payment in gold other than gold dealers …… I would recommend plant seeds. Arugula or rocket is a great one in a kilo you could get upwards of 1 million seeds. Each one will produce a plant one or two mature arugula plants will provide you one meal of fresh green phyto nutrients and salad. the seeds will last for years and you can trade them and swap them with people that are easy to carry and these days because of terrible education in the west. Most people have no idea of the value, but they soon understand when you explain it to them (and especially more, so if they are hungry).
A thought that went through my mind is as gold does not take up much room so the temptation is to keep it all in one place silver on the other hand takes up much more space and I think that I would assuming that I had a good few ounces of silver spread it about in different pleases then if you did get robbed they would probably find one cash and think that they have got it all if you are doing this the smart thing would be to put some gold with each lot of silver just dreaming but its a nice idea.
I've got my very nice silver pieces, but not too much or too little for me to be concerned about. Mr BYB in my opinion is absolutely correct. Even a fractional gold coin will light up the eyes of most, regardless off what price gold reaches.
The practicality of Silver is SMALL DENOMINATIONS. Au is TOO VALUABLE, and also people are crazy about it. Ag is a more sane medium of exchange. Most people do not know the value of Ag, but those who do know, are more sane. IMHO
All our High Street banks are constantly closing so no safety deposit boxes available..BYB...Is it just banks that do safety deposit boxes or other establishments???👍🏻
@@PeacockRhino Sheffield Vaults. If the electric is turned off, again, as it was in my youth, accessing may be difficult. I suppose they may have a bank of batteries? Already got my biometric details (palm print) Surrendering one's finger prints was only ever something criminals had to do. It's routine now, for everyone. Curious?
There are 1000 things to sell or barter with. You can't eat gold. You can dig up plenty of food. Want a turn of my fishing rod? You can for 10 gold sovereign. What to buy some eggs ?
Have you checked the market this weekend after what happened during the week, it’s like they just pressed the pause button? As it’s just been going mad in the market
People should consider that anything could happen to our economy including a huge devaluation of the pound. It has already been devalued by 90% plus over last century. So if an alternative is required and buying food is a necessity, try buying £20 worth in today's money with a half Sovereign valued at £240. However, a 1oz Silver coin will do the job nicely. Time will tell but useable assets are the way to go.
Unrelated topic, but I started smelting Metal today. I am melting beer cans, and it's fun so far. I'm just practicing, and I have a lot of cans. Pure metal would be a lot different, for sure. If you have any advice about filtering crap off the top, I'd like to hear something. Thanks!
I can't see the point of buying some metals and weights. For example I would buy platinum tenths but not full ounces. No point in buying a full ounce of platinum when I could get a half ounce gold instead for around the same amount of money. Same with kilo coins of silver. If I had enough money to buy a kilo of silver I would buy a double sovereign instead. I have a few ounces of fractional silver but only as a novelty. But usually for me it is starting with 1oz silver, then tenth platinum, then tenth gold, sovereign/quarter gold, half gold and then full 1oz gold.
If the economy tanks so will silver. It's an industrial metal. There are so many reasons silver cannot be relied upon. If you want an insurance policy gold will probably serve you much more dependably.
Another interesting vid, thanks again. What are your thoughts on the younger generation not being interested in say, sovereigns (if i'm correct in saying that), and if it's the case do you think it will affect the liquidity in the future?
My backyard bro, what if all silver bullion I purchased in a range between £25-35 \ 1oz in 2022-2024 will be worth £500 a piece in 2035 when I plan to retire..? Do you really think it won't save me ?
We still haven't reached the highs of over 10 years ago, inflation has devalued our currencies by 30%.Anyone who bought near the top in 2011 will remain underwater below $50USD/ oz
@@BackyardBullion Well, considering how much silver is being utilised for cruise missiles, solar panels, EVs and god knows what else every year there is less silver to buy. Silver shortages very possible in 2030+ .That's what's going to drive the prices sky high. IMHO.
@@Alan-pv2bi Yes, but that was different times that we lived in. Nothing to compare with what's going on right now and with what will happen after 2035+
@@mattt4309 most mined silver is a bi-product of mining for other materials such as tin and copper. When we have a shortage its because they've been too busy processing their bread and butter while the silver stockpiles. Don't believe the industrial hype, we have shortages of many rare materials, silver isn't one of them.
@BackyardBullion here's a fantastic example from myself, I bought 12 ounces of Silver in 2006, each 1 ounce coin was £50 each, today Silver is worth £30 / less per ounce, that's a £20-£30 ish per ounce loss. Im waiting for each Silver ounce to get to at least £60 per ounce and then im selling it! I'm sick to death of seeing it!
I 99.9% agree with all that you said and would’ve been 100% if you had of said “silver is not valuable” - yet!. You, like I don’t know the future, and if you only had gold, would you be happy to exchange a dozen eggs for a half sovereign, I’d rather give an oz of silver. Do I think gold silver will go to 8 to 1, nah, but will it go towards 50 to 1, maybe. P677433. If the SHTF really happens then I have several hundred pieces of very valuable metal, ie Lead. I also have the coin rings, lol, and use one as my wedding ring 90% silver. Keep up the good work sir👍👌
Silver will always hold value. I don't see why it would not be used as a smaller store of value to trade with in a bad situation. i mean you aren't going to buy one chicken with a full gold sov.
I guessed 55. p677443 It crazy to me Platinum is so cheap and so is silver. I am the same as you in that jewellers said is was thus. and we believed them. My portable wealth is now in its black hole never to be seen for a while or at least till I can top it up. Nest thing to worry about is the dreaded budget. CGT is going to be hammers as it an easy target.
WHERE are you expecting to LUG your gold around to?. I only want to LUG anything to the place I want to exchange it. You are pre supposing EVERYONE has gold to bargain with your argument is SOO extremist. History ALSO tells us silver is a monitery metal. Your argument is quite simple.. its NOT as portable. That's it. It takes 20 seconds to say. Everything else is story land. Who else has has a brick of silver? No one.
You are absolutely correct about silver being too bulky to wield in a bug out situation. However if the US ever gets to the point where we need to quote "bug out". There is almost 0% chance of any scenario that leads to that, to play out in my lifetime. If it did, I already live in my last stand location. Very good content my friend. Thank you 🫎🫎🫎
I agree but is that not a good reason to have as much "stuff" hidden in your posession outside the system before this happens because the instant they implement digital they know absolutely everything you buy.
Those half-sovereign coins are not the optimal way to stack gold.. you should buy exclusively ... those modern one-troy ounce gold coins; Gold Britannia, Maple, American Eagles, Buffalo etc. British old Sovereign Coins are considered Numismatic and charged a much higher premium to buy ...and when selling most dealers would pay you, just their gold content price.
@@jeffshoesmith8047 There are many countries where purchasing Gold Bullion Coins, there are not VAT, GST or other Taxes. The UK Government should pass a legislature. ASAP, to exempt GST/VAT and also Capital Gain Tax etc. on Gold Bullion, to facilitate Briton to own Gold, to protect and secure their future. Also, Silver & Platinum should be included, as well.
@Fr.VeniceLAI by my maths the 1/4 oz Britannia has a much higher premium than the full sovereign, and they have roughly to same amount of gold. Both Britannias and Sovereigns are VAT and CGT exempt in the UK ao the Sovereign beats the 1/4 oz Britannia on value. Numismatic Sovs are a total different group of coins. Can just buy new or mixed dates preowned Sovs for better prices than the equivalent Britannia. Buying four Sovs at once may even be cheaper than buying one 1 oz Britannia as multibuy lowers the premium further.
@@danielfarrell3534 It is about time, The UK Government to introduce new legislature to exempt its Citizens' VAT/CGT when purchasing Gold Bullion Coins and Bars, which several countries have done so ..to encourage its Citizens and Foreigners to purchase the yellow-color metal.
Dude are u backwards? Silver goes beyond monetary value. #1 silver is used for water purification the most essential role to having clean drinking water. #2 Silver is used in medical equipment for Xrays, #3 keeping the power grid going as an electrical conductor . It seems to me your just a trader and not a stacker your not in this for the real reasons if your just a trader seller to make a profit only.
Amazing, you can do all of these things in your home with silver can you? You made water purification, Medical equipment and power supply!? WOW You are amazing.
@@BackyardBullion The very name backyard suits your knowledge base of precious metals. Soon you won't be able to sell Gold or silver when the fiat currency inflates as you will be priced out yourself. When the collapse comes it with be skill for skills commodity for commodity. You keep on making your grandiose assumptions. I'll just be watching you smiling. Silver is one of the very fabric that hold our power grid together along with copper and all the fibre optics cables. Think of all the mining equipment and machinery that is used to mine Gold and the generators which has silver in them to power them . You crack me up!😂😂😂
silver has 2 components of major demand...monetary & industrial use, while gold is going up for the sole reason being fiat currency is in danger of major macro default due to crushing debt burdens carried by western nations. once the monetary crisis is rectified via reform or collapse, gold will stop growing & will either stabilize or drop. Meanwhile silver has numerous industrial & medical applications which are causing structural & permanent increases in demand, while at the same time government policy inhibits mining. Other than the portability factor, gold has nothing else going for it other than central bank malfeasance. Your rant was uninformed & intellectually vacuous. Dismissed.
Good luck buying small amounts of groceries and other household goods with even a 10th oz gold. You need both gold and silver, just like you don’t just keep $100 bills in your wallet. You need change
Also, if you don't have 1/10th gold money, don't let that stop you buying a bit of silver
It’s better to have it and not need it, than need it and not have it..
One of the only philosophies I live by…
Sometimes I think people are responding to things that are inside their head rather than what people actually believe. 1) People focus on Silver because it will be valuable in certain small the medium-sized barter situations, and because it can be traded for Gold at a later date. 2) People focus on Silver because it is massively more affordable than even a fractional piece of Gold. 3) Virtually everyone knows that the density of your wealth storage must primarily be in Gold. Once you get much beyond 1,000 ounces, Silver becomes increasingly hard to store, hide, move, etc... 4) Most people realize that for day-to-day activities you will need Silver as payment and as a change-maker for Gold. Walking around with fractional Gold is like walking around with a $100 or $500 note and trying to buy a drink and a sandwich with it. If you don't have Silver and s significant enough amount of Silver to make change many many many times for your Gold, you'll be overpaying for a great deal of what you try to purchase. Pretending like people don't realize these things really isn't helping anyone. Yes, are there folks who need to hear this? Yeah, some, but we're talking about people who are literally starting at ZERO knowledge, which doesn't constitute 90%+ of the stackers you're likely to encounter. I know that once I surpassed 500 ounces of Silver, probably 60% of my available money shifted to purchasing fractional Gold, and it's been that way ever since. That was years and years ago I might add...probably a decade or so ago. 5) Lastly, I would say that Silver's future value is an unknown. It is quite possible that within the next 3 to 5 years, Silver could be north of $100 per ounce. No one can say precisely how likely that is, but the long-term trajectory for both metals is up. Having said that, the older anyone gets, the more they should be converting into fractional Gold, and EVERYONE should stay away from large Silver bars of any kind. Sticking to 1 ounce coins, rounds and bars, as well as fractional pieces of Silver is really your best bet in the long-term, as it relates to Silver itself.
It's simple. Gold is for bugging out. Silver is for bugging in.
Interesting
I like that
Last time I checked 1 ounce of silver in Venezuela, exchanged for currency could feed you for 1 month
How do you buy food with a gold sovereign ? Don't think you are going to carry 200 tins of beans or 20 joints of meat or even 150 loafs of bread. Silver has the same value as gold in SHTF 🎉
When Fiat currency collapses, try buying a chicken with a gold sovereign….. Keep the change did I hear you say? Thanks very much sir 😂😂😂
Totally agree, the only thing you trade with is goods or very small denominations of silver.
I would sell a chicken for a gold sovereign . 😁
@@seanbrennan4447 I hope your chicken is registered. That is now the law in the UK.
@seanbrennan4447 I will give you 2 chickens kind sir 😂😂😂
Maybe. Personally, I think human nature is that people would try to get organized in a hurry to ensure their survival. In that scenario your guy who rears chickens probably also produces eggs, so there are two items you may want to go to him for regularly. I would guess a form of accounting would happen quickly in communities where there was enough trust in people and you would have gold credit with him to spend later. Maybe this is an argument for having some small-sized fractional gold in your stack too. I'm in favour of having a little bit of silver "just in case", but generally I want gold and I can get 1/10th oz gold for a similar premium to silver. Yes, I know the gold dollar value on that is a lot more but I would rather have gold, it's the ultimate form of money.
4:10. Yes, but if someone robs you, you can use the large 100-ounce Englehard silver bar as a weapon or as a shield!
Most understand that silver will never compete on price with gold but for those investors who don't have the worth to own gold are just fine in procuring some silver. Some may advance to owning some gold but not all will. Silver is still a good investment with potential in a different category than those with more funds.
Agree 100% - not everyone has the money to buy gold. I’d rather have silver than no precious metals at all!
Just save up for a few months and buy gold, thank me later. Silver is a con compared to gold!
Better to have it and not need it then to need it and not have it.
Thank you! Thats the phrase I just could not remember
clever lad
Or is it? It's good to need something and have it rather than have something you wanted
I think if you stack gold and silver its a heads up on lots of people . Like most investments you can only invest what you can afford . I buy silver and gold coins as I like the items and its a bonus its value can go up. 👍
I agree 100% with this assessment "To-day"......
but! "Tomorrow" next week, next month or at sometime in the future? who knows, silvers price could even match or takeover golds price in the future? For instance if Gold, has is looking likely is used to back money in the future? its price will be fixed? as a monetary metal? There are a lot of what if's for the future, choose your path and start traveling it, keeping your eye on the sat nav to make sure the route ahead is still the one right for you! and good luck to all of you....
When Government declares trading in Gold illegal, what then is that gold actually worth to you?
Then I suppose we just break the law. Sounds like a revolution in the making. Government serves itself....not us.
Even more.
@@MrAnakin1996 its only worth what you can exchange it for.
@@davidwebb4904 In a sense that is true, but I put it to you... how much more would people be willing to give for it in a scenario where it is deemed illegal to trade with it?
You think that’s really going to happen?
Bug out ? We’re all screwed if we have to bug out! 😮roads would be a parking lot you wouldn’t get anywhere . Let’s pray that doesn’t happen ! 😮
I would just bury the majority of my silver stack in a few different spots. You could always go back to one of the stash spots to top up. Taking with me 1oz -2 oz sizes which are perfect for trading with. Trading with a gold sovereign would potentially purchase more stuff than you could carry anyway ( they won't give you change ) - just like carrying heavy silver???
You are not taking into account werewolves. Silver will definitely save you from them! 🐺
Has your viewpoint about silver and gold changed as you have amassed more wealth? It appears as net worth climbs, silver gets left in the dust in favor of gold.
The precious metal market is quite interesting at the moment but we don't know what they will look like in 1 year, 3 years, 5 years, 10 years or beyond. Stay alert and adapt as needed.
How often does one make a single purchase of 400 pounds?
Every month when I buy gold😂
Me too..well about 400€ silver nd gold
I wouldn't want to have just one or the other in that situation I would want a diverse stack of both.
Gold is certainly more portable but if you need to trade your gold for something what is going to be used to make change. For high value purchases like a property gold wiĺk be fine but buying some groceries then you are going to want silver. Much more useful fir smaller transactions
I dunno man, in the apocalypse you'll need weapons and a giant bar like that would be a perfect whacking device...
Always finding people in these comments thinking we’re going to end up in a post apocalyptic world. Unless we are hit by a meteorite capable of destroying civilisation it’s not going to happen. The West fought two world wars and still pulled itself up by its bootstraps, what makes you think a global banking collapse will cause it to happen? Life will go on as normal, everybody will just be poorer and angrier for a time.
I recon 1 ounce of Gold and 20 ounces of silver are enough to barter with in any given emergency. People with more than this are just greedy.
@jkly495 great amount, for a few months
I’m buying my first ounce coin today Britannia and I’ve got 10 ounce coins silver Britannia coming. Should I get some sovereigns to add to my stacking ?
If you are paying more than £28 per oz for your silver then you are paying way too much. Go gold, skip silver. Thank me later
Your idea of greed makes no sense. Most people have many many times more money invested in pensions, stocks/bonds, or oversized houses - are they even more greedy? What about people with multiple cars, watch collections etc........
I like both for different reasons, and if silver was that worthless why do they fix the markets ?
The brics are going to back the unit with 40% Gold, and I do think others will go down this road.
It will put the price of both up, but they might be a sting in the tale, of how much gold you can hold.
Did you know those sovereign coins were mined here in Kirkland lake ontario theres 50 coins in the tube there
I love this, but I don’t know anybody who will take on the payment in gold other than gold dealers …… I would recommend plant seeds. Arugula or rocket is a great one in a kilo you could get upwards of 1 million seeds. Each one will produce a plant one or two mature arugula plants will provide you one meal of fresh green phyto nutrients and salad. the seeds will last for years and you can trade them and swap them with people that are easy to carry and these days because of terrible education in the west. Most people have no idea of the value, but they soon understand when you explain it to them (and especially more, so if they are hungry).
This is why I've kept my gold to silver ratio at 30:1 so all bases are covered
If your country taxed gold, which country would you travel to if you wanted to buy gold?
A thought that went through my mind is as gold does not take up much room so the temptation is to keep it all in one place silver on the other hand takes up much more space and I think that I would assuming that I had a good few ounces of silver spread it about in different pleases then if you did get robbed they would probably find one cash and think that they have got it all if you are doing this the smart thing would be to put some gold with each lot of silver just dreaming but its a nice idea.
I've got my very nice silver pieces, but not too much or too little for me to be concerned about.
Mr BYB in my opinion is absolutely correct. Even a fractional gold coin will light up the eyes of most, regardless off what price gold reaches.
I invest in both, not that hard or controversial.
The practicality of Silver is SMALL DENOMINATIONS. Au is TOO VALUABLE, and also people are crazy about it. Ag is a more sane medium of exchange. Most people do not know the value of Ag, but those who do know, are more sane.
IMHO
Lead and brass will take any gold you have on your person in that event
Maybe in crazy usa with their guns and deaths, thankfully no bloody guns readily to hand in UK thank God😢
All our High Street banks are constantly closing so no safety deposit boxes available..BYB...Is it just banks that do safety deposit boxes or other establishments???👍🏻
@@Goldylocksss SD bullion stores metals for people.
In Britain there are lots of companies that offer them.
@@PeacockRhino Sheffield Vaults. If the electric is turned off, again, as it was in my youth, accessing may be difficult. I suppose they may have a bank of batteries? Already got my biometric details (palm print) Surrendering one's finger prints was only ever something criminals had to do. It's routine now, for everyone. Curious?
How do most of you guys still make profit, even with the downturn of the economy and ever increasing life standards
There are 1000 things to sell or barter with. You can't eat gold. You can dig up plenty of food. Want a turn of my fishing rod? You can for 10 gold sovereign. What to buy some eggs ?
Sterling was the foundation of the largest empire the world has ever seen.
Have you checked the market this weekend after what happened during the week, it’s like they just pressed the pause button? As it’s just been going mad in the market
People should consider that anything could happen to our economy including a huge devaluation of the pound. It has already been devalued by 90% plus over last century. So if an alternative is required and buying food is a necessity, try buying £20 worth in today's money with a half Sovereign valued at £240. However, a 1oz Silver coin will do the job nicely. Time will tell but useable assets are the way to go.
Unrelated topic, but I started smelting Metal today. I am melting beer cans, and it's fun so far. I'm just practicing, and I have a lot of cans. Pure metal would be a lot different, for sure. If you have any advice about filtering crap off the top, I'd like to hear something. Thanks!
I can't see the point of buying some metals and weights. For example I would buy platinum tenths but not full ounces. No point in buying a full ounce of platinum when I could get a half ounce gold instead for around the same amount of money. Same with kilo coins of silver. If I had enough money to buy a kilo of silver I would buy a double sovereign instead. I have a few ounces of fractional silver but only as a novelty.
But usually for me it is starting with 1oz silver, then tenth platinum, then tenth gold, sovereign/quarter gold, half gold and then full 1oz gold.
I can't see the point in paying $80 a month for cable tv, yet people still do it.
"if someone wants to take you out" - you could throw the 100oz silver bar at them - doubles as a weapon ;)
If the economy tanks so will silver. It's an industrial metal. There are so many reasons silver cannot be relied upon. If you want an insurance policy gold will probably serve you much more dependably.
Another interesting vid, thanks again. What are your thoughts on the younger generation not being interested in say, sovereigns (if i'm correct in saying that), and if it's the case do you think it will affect the liquidity in the future?
It's better to have something and not need it than need something and not have it!
It's better to have it and not need it than need it and not have it.
My guess on the number of half-sovereigns on the table is somewhere between 50 and 56, 56 max--no more than that.
My backyard bro, what if all silver bullion I purchased in a range between £25-35 \ 1oz in 2022-2024 will be worth £500 a piece in 2035 when I plan to retire..? Do you really think it won't save me ?
Literally never gonna happen!
We still haven't reached the highs of over 10 years ago, inflation has devalued our currencies by 30%.Anyone who bought near the top in 2011 will remain underwater below $50USD/ oz
@@BackyardBullion Well, considering how much silver is being utilised for cruise missiles, solar panels, EVs and god knows what else every year there is less silver to buy. Silver shortages very possible in 2030+ .That's what's going to drive the prices sky high. IMHO.
@@Alan-pv2bi Yes, but that was different times that we lived in. Nothing to compare with what's going on right now and with what will happen after 2035+
@@mattt4309 most mined silver is a bi-product of mining for other materials such as tin and copper. When we have a shortage its because they've been too busy processing their bread and butter while the silver stockpiles. Don't believe the industrial hype, we have shortages of many rare materials, silver isn't one of them.
I was lied to! I was told that Platinum has the true stability 😊. 😅
Better to have it and not need it
90% silver dimes would be my choice
Probably a better investment would be different calibers of ammo. More people would benefit from that than gold. Cheaper than gold too. Lol
I thought it's around 50, but these are halfs... I don't deal with Sovereigns much.
I think £400 is too much to pay for 1 sovereign though.
£250 perhaps.
how long did it take u to stack the gold?
I have been stacking for 8 years
I think you are wrong on Silver.
That 100 oz bar is only worth 5.5 sovereigns approx.
Why buy bread when you can buy the bakery is his strategy
Approx 64 half sovereigns
Ya have 60 pieces of sovereigns.. I’ll take one mate!
When I can't buy I will take, just as my ancestors. Stacking is just a hobby.
Those gold coins are fabulous, good chat BYB
@BackyardBullion here's a fantastic example from myself, I bought 12 ounces of Silver in 2006, each 1 ounce coin was £50 each, today Silver is worth £30 / less per ounce, that's a £20-£30 ish per ounce loss. Im waiting for each Silver ounce to get to at least £60 per ounce and then im selling it! I'm sick to death of seeing it!
When the currency goes to crap thegsr will be much much smaller
Thanks for the FUD.
I 99.9% agree with all that you said and would’ve been 100% if you had of said “silver is not valuable” - yet!. You, like I don’t know the future, and if you only had gold, would you be happy to exchange a dozen eggs for a half sovereign, I’d rather give an oz of silver. Do I think gold silver will go to 8 to 1, nah, but will it go towards 50 to 1, maybe. P677433. If the SHTF really happens then I have several hundred pieces of very valuable metal, ie Lead. I also have the coin rings, lol, and use one as my wedding ring 90% silver. Keep up the good work sir👍👌
I make money from silver and buy gold....
Yeah no is all i have to say
You are absolutely right! Ewww silver bugs are nuts. So I'll trade you my Sovereigns for your fancy RM CGT silver at current spot price? 😁
Silver will always hold value. I don't see why it would not be used as a smaller store of value to trade with in a bad situation. i mean you aren't going to buy one chicken with a full gold sov.
for some reason I feel safter in BTC right now , do love the metals though , nice to hold etc
I don't understand cryptocurrency.
@@monkey39128 pls spend some time looking into how bitcoin works ! next level genius stuff ! forget the rest its gambling
There’s a billion different cryptos that people chase as the next crypto to go to the moon. They aren’t currencies
No AGEs? Would like to see some 1/4oz eagles mixed in there with the other sovereigns.
Why when you can get the superior 1/4 Britannia 20 quid cheaper?
70 half sovereigns
I guessed 55. p677443 It crazy to me Platinum is so cheap and so is silver. I am the same as you in that jewellers said is was thus. and we believed them. My portable wealth is now in its black hole never to be seen for a while or at least till I can top it up. Nest thing to worry about is the dreaded budget. CGT is going to be hammers as it an easy target.
One ring to rule them all...
Silver is for the werewolves at the door.
;)
WHERE are you expecting to LUG your gold around to?. I only want to LUG anything to the place I want to exchange it.
You are pre supposing EVERYONE has gold to bargain with your argument is SOO extremist.
History ALSO tells us silver is a monitery metal. Your argument is quite simple.. its NOT as portable. That's it. It takes 20 seconds to say. Everything else is story land. Who else has has a brick of silver? No one.
I'm guessing 65 BYB 🤷
60 coinage is there 🤔😀
great video and about 63 half sovs? lol
First, you say that silver is better to invest than gold, and now it's a bad idea. Are you taking a piss?
Not at all! Silver is terrible compared to gold.
@@BackyardBullion Silver to Gold ratio is all that matters at this point.
You are absolutely correct about silver being too bulky to wield in a bug out situation. However if the US ever gets to the point where we need to quote "bug out". There is almost 0% chance of any scenario that leads to that, to play out in my lifetime. If it did, I already live in my last stand location. Very good content my friend. Thank you 🫎🫎🫎
Its going digital are you all 2 blind 2 c
I agree but is that not a good reason to have as much "stuff" hidden in your posession outside the system before this happens because the instant they implement digital they know absolutely everything you buy.
Bugging out requires getting out of the "system".
48 sovereigns.
57 sovs.
You be ok when the werewolves take over though.
50 coins
can you have guns and ammo?
64 half sovereigns ?
Close but not right!
Those half-sovereign coins are not the optimal way to stack gold.. you should buy exclusively ... those modern one-troy ounce gold coins; Gold Britannia, Maple, American Eagles, Buffalo etc. British old Sovereign Coins are considered Numismatic and charged a much higher premium to buy ...and when selling most dealers would pay you, just their gold content price.
You can buy bullion sovereigns at a pretty low premium. Also they are CGT and VAT free. The best investment in my opinion.
@@jeffshoesmith8047 There are many countries where purchasing Gold Bullion Coins, there are not VAT, GST or other Taxes. The UK Government should pass a legislature. ASAP, to exempt GST/VAT and also Capital Gain Tax etc. on Gold Bullion, to facilitate Briton to own Gold, to protect and secure their future. Also, Silver & Platinum should be included, as well.
@Fr.VeniceLAI by my maths the 1/4 oz Britannia has a much higher premium than the full sovereign, and they have roughly to same amount of gold. Both Britannias and Sovereigns are VAT and CGT exempt in the UK ao the Sovereign beats the 1/4 oz Britannia on value. Numismatic Sovs are a total different group of coins. Can just buy new or mixed dates preowned Sovs for better prices than the equivalent Britannia. Buying four Sovs at once may even be cheaper than buying one 1 oz Britannia as multibuy lowers the premium further.
@@danielfarrell3534 It is about time, The UK Government to introduce new legislature to exempt its Citizens' VAT/CGT when purchasing Gold Bullion Coins and Bars, which several countries have done so ..to encourage its Citizens and Foreigners to purchase the yellow-color metal.
Dude are u backwards? Silver goes beyond monetary value. #1 silver is used for water purification the most essential role to having clean drinking water. #2 Silver is used in medical equipment for Xrays, #3 keeping the power grid going as an electrical conductor . It seems to me your just a trader and not a stacker your not in this for the real reasons if your just a trader seller to make a profit only.
Amazing, you can do all of these things in your home with silver can you? You made water purification, Medical equipment and power supply!? WOW You are amazing.
@@BackyardBullion The very name backyard suits your knowledge base of precious metals. Soon you won't be able to sell Gold or silver when the fiat currency inflates as you will be priced out yourself. When the collapse comes it with be skill for skills commodity for commodity. You keep on making your grandiose assumptions. I'll just be watching you smiling. Silver is one of the very fabric that hold our power grid together along with copper and all the fibre optics cables. Think of all the mining equipment and machinery that is used to mine Gold and the generators which has silver in them to power them . You crack me up!😂😂😂
Okipoki, sounds good to me. You're obviously completely right and will never be wrong.
63
50 in the tube
Partner the problem with your thinking is your to youg have not lived long enough to ramble about what your rambeling about
50
🍿👀
silver has 2 components of major demand...monetary & industrial use, while gold is going up for the sole reason being fiat currency is in danger of major macro default due to crushing debt burdens carried by western nations. once the monetary crisis is rectified via reform or collapse, gold will stop growing & will either stabilize or drop. Meanwhile silver has numerous industrial & medical applications which are causing structural & permanent increases in demand, while at the same time government policy inhibits mining. Other than the portability factor, gold has nothing else going for it other than central bank malfeasance. Your rant was uninformed & intellectually vacuous. Dismissed.
! It doesn't look like that many :)
Nearly said hello. Boot's rant. So rude. Apolz. Got my 1st piece of sterling. An art piece. Death card.
@@loafersheffield Nice
😂
🤪👍
P677443 ...shout out to the ramblers ....gold sovs and a silver combi bar for small change ...skills and preps will be more useful tho
Out by 3🤣🤣half docs, 67 .. silver P677433
Nice one!