Record gold prices - why it has gone up and why it will go higher..
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- Опубликовано: 2 окт 2024
- Hello and welcome to my channel!
I am a full-time gold and silver coin dealer trying to educate the market 1 video at a time. If you like unboxings, want insight into how the market works or just want to hear me rant about the market then this is the channel for you :D I also show lots of wonderful Shiney from Bullion to Numismatic.
If you like something you see and you want to buy or equally if you wish to sell to me feel free to email me at Shaun@backthemetal.com.
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please note I am not a financial advisor and as much as I am very capable in my field of work I am not permitted to give financial advice.
Great knowledge, fully agree with you
Thanks and welcome
I'm still buying 1 sovereign a month, slow and steady, thanks for sharing.
good
Good to hear a realistic account of the worrying overall situation we are facing.
Im a pragmatist - it serves no purpose to be overjoyed but equally to worry yourself into a sense of panic. Prepare for the worst and live to the best of your ability :)
The more it goes up the shittier the world around us will be
I agree - we want a fair and just society for the many not the few
Morning Shaun ,from NZ. Gold is at $4257 ✌️ enjoying the record price
We don't want it to go up to quickly - its problematic
@@shaunoliver1703true that 👍
Good analysis. Thank you.
Glad you liked it!
Great video Shaun. Glad I stuck to fractional gold... buying a 1 ounce coin is very soon going to be completely beyond the normal person. If not already!
writing has been on the wall for a long time.
That is why we stack,we worked out the debt levels are unsustainable,what I fail to understand is why most people can’t see it🤔
They don't want to see it because it involves tearing apart your character and realising your place in society - its a lot of responsibility and sometimes living in ignorance is easier.
I just went and sold 3 500 gram bars to Atkinson this afternoon due to you and backyard bullion, only because I don’t want starmer to get greedy in a couple of weeks and we need it to move in a few months, will definitely be just buying sovereign from now on tho 👍👍👍👍👍👍
I am dreading the budget - Im hoping its better than people think but im pessimistic.
Hi Shaun, cracking video and I totally agree with your opinion on Liz Truss's budget. She had the right idea but did too much too quickly. Fair play to her though, at least she understood the problem.
The only thing I would sell a portion of gold for, would be real estate. Although arguably, gold has massively outperformed real estate and stocks since 2000 when it was sub £300/oz.
They come with different risk/ rewards
I believe the aliens are watching us and I keep the wealth gap to myself, nobody bothers me for a sub 🙂
Ok - I hope that works in your favour :)
Money is debt. Someone has to borrow the money in the first place for it to enter into circulation. No debt no money. When the banks pull in debts is times of bust.
Yes and no. You can have a bust where the many suffer but the few prosper. it can be non bank related.
Do you think we EVER would have thought that $2000 could be a floor for gold?!
i think the game changed in 2008. When facts change - change your mind. if by some miracle they get on top of it it will go lower - myself Im betting 2500 years of human nature that it wont change :)
Inflation seems to be the new way of coin clipping, and in a cashless society coin clipping would go digital?
everytime you use your card someone gets paid....same thing.
Fake currency borrowed cheaply via criminally low artificial interest rates for many years has led to asset price inflation. Housing is a prime example. Good for those who bought many years ago and those who have inherited parents estates. Not good for first time biyers.
In summary IMHI and professional experience a reset is the only way out of the mess..
Nailed it in my view.
❤
Thank you for the support
Could you elaborate on your point about BTC? I would like to know by what mechanism it is being debased/inflated as I thought the whole point was that it is a limited supply currency??
Sure of course I can elaborate on my thought process.
I wasn't referring to bitcoin not being able to solve the problem - I was saying that bitcoin hasn't solved the problem and it most likely won't. My view when crypto came out was that it would be pushed underground and it has been. As an independent money supply, personally i think it has failed and it has failed because the powers-to-be have made it fail NOT because it's not a fundamentally sound idea. I have been spoken to by a few people who can't pass anti money laundering for home purchases because of crypto and that is the powers-to-be pushing it underground.
As it stands crypto is a speculation and not a currency. Until it is accepted down every high street it is not a currency and until it becomes a defacto currency it won't solve the problem of the money supply being manipulated (inflation/deflation).
The collapse is happening in real time-get your money out of the bank and hold your gold and silver to safeguard your financial future!
Its like being on a train that is crashing and its rippling along the carriages . I am not as extreme in my views - I am not a gold or silver bug but I know we have problems and big ones at that.
@@shaunoliver1703 stack firearms, ammunition and food and water more than anything.
Why do the clients leave? (End of video)
Many many reasons I might make a video on it.
Gold is going to moon because everything is falling apart I stack gold and silver for my son
Yep
Silver is going to Mars 🤣 it’s over $50 here in NZ
@@MrMarcol29 silver is going to blackpool, maybe in 30 years it will get to france
@@leeyo5494silver is over $50.65 an oz here today , not far off it’s all time high of $60 in 2011. Once it gets past that again, it’s blast off . Imho that time is close ✌️
Silver will take a very long time to go to the moon😂