The Honest Truth About Precious Metals - REGRETS!?
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- Опубликовано: 26 июл 2024
- #Gold #silver #bank
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Are you a precious metals investor, or are you considering entering the world of gold and silver? If so, you won't want to miss this eye-opening video! In "Do You Regret Buying (or Selling) Gold & Silver," we dive deep into the world of precious metals investments and reveal the honest truth that every investor should know.
Join us as we explore the ups and downs of buying and selling gold and silver, sharing real-life experiences and insights from seasoned investors. We'll discuss:
🔶 The reasons people invest in gold and silver.
🔷 Common regrets and mistakes made by precious metals investors.
🔶 Strategies for successful gold and silver investments.
🔷 The economic and geopolitical factors that impact precious metals prices.
🔶 Tips for buying and selling gold and silver wisely.
Our panel of experts will provide valuable advice, debunk myths, and share their personal stories of triumphs and regrets in the precious metals market. Whether you're a seasoned investor or just getting started, this video is packed with information that can help you make informed decisions about your gold and silver investments.
Don't miss out on this candid discussion about the highs and lows of precious metals investing. Hit that "Subscribe" button, give this video a thumbs up, and share it with fellow investors who need to hear the honest truth about buying and selling gold and silver. Together, we'll navigate the world of precious metals and make smarter investment choices.
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Topics covered in this video:
banking, finance, gold, silver, precious metals, cash, wealth preservation, economic uncertainty, financial independence, store of value, means of exchange, alternative finance, bank withdrawal, financial strategies, personal finance, financial system, economic trends, global economy, investment, asset allocation, monetary policy, inflation, deflation, wealth management, fiat currency, currency devaluation, financial education, financial literacy, monetary history, financial freedom, financial planning, asset protection. 
Развлечения
My only regret is, I only started stacking this year! 😂
Me too but only just started having spare money
@@toxicmartoc, it’s addictive, the old stacking game, lol
It's all relative, think about where things will be in 6 years time
That never goes away I started in 2014
Had a financial disaster liquidated everything started over last year makes me sick thinking about what I sold oh well stack on brother!
Same! I’m about 5 months in with 104oz of silver and 3 oz gold once my Britannia comes in the mail. Feel like I’m doing decent
Wish id started buying gold in my teens - i bought designer clothes/fancy meals/luxury breaks away/high end mountain bikes/chased tail and gambled. money was wasted by me too easily in my 20s :( love stacking gold now in my mid 40s for the past 15 years
Thanks for sharing
don't be silly. it is the things you don't do that cause regret, not coins.
sounds like you did things your way, and regrets, you should have a few i suppose, but too few to mention.
@@BackyardBullionI would love to get your advice on the 2023 coronation coin I have 10 or so in silver but am looking to invest in 1oz gold for long term, would you say it’s a good buy for tye gold version long term ?
@@kurtismunden7023don't buy fancy coins, keep your premiums low and I stack only government backed coins (easily recognizeable and security features, makes it easy to sell)
I totally agree with you about silver and did a video basically saying silver is not a great investment but if you spend money on cars and moterbikes or fun things it’s a great way to still get the buzz of buying without throwing your money down the drain
Great video bro
if you stop doing fun things you will also have to stop getting the buzz of buying silver, right?
My biggest regret is that I didn't have a budget, and I didn't do any research before I started stacking. I've made an embarrassing amount of mistakes. It's always good to look at the big picture before sinking large sums of cash into anything.
can you teach us what you did wrong so we can learn. why would a budget have helped you. what research did you miss
I regret not buying sovereigns when I could get them for £70 & it wasn't as long ago as people might think. I did buy lots of silver though when spot went as low as about £2.
In 2017 you could have bought 1 bitcoin for the same price as that gold Britannia and sold it for over 40k, its all too easy to look back at something with regrets but i would advise stacking slowly with only a focus on some distant future when your silver will be there for a purpose.
I watched a vid a few days ago and they were explaining stacking as a way of saving energy, looking at each ounce as a little battery, i personally work all week and buy a coin, that coin is some of the labour i put into that week. the coin is my way of saving some of that weeks energy that i can call upon at some other time in my life, the coin i buy this week might be sold in my retirement and it will have worked like a battery, holding on to that little portion of this weeks hard work, the energy i get out at the other end may be more than i put in, it may be less but it will be something, i dont put my beloved silver under any expectations or pressures to perform, i love it just the way it is.
quite true
Thank you once again for your sound advice. That’s why I watch your channel, to help avoid regrets. All the best. 🍻
i have used precious metals as long-term savings since 2012. i have no regrets. i plan to continue to hold metals as i prefer the person controlling my assets be me and not some random crook behind a desk.
Great to hear!
i don't get it. why is it so hard for you to find someone with the education and experience to help you invest, instead of going it alone and always running into random crooks? you got to ask yourself a question: will you eventually regret the loss of opportunity
@@DrSchor I'll just send you a pile of my savings. I'm sure you'll straighten out my finances. And out of the kindness of your giant heart, no doubt.
Silver is dropping like a lead balloon.
It's not dropping to zero, but it's not great
I can’t regret not buying what I didn’t have money for in the first place!
Well for me, I have been collecting coins for a long time, then started stacking bought alot of silver and when it hit 47 dollars oz, I dumped it all and bought gold then a week later after it climbed one more dollar, it collapsed and hasn't recovered yet but that's how I got my gold started!
Fuduciary to you sir!
Nice one BYB - good points well made - as usual. Well, mostly - don't want you getting complacent! ;-)
Also my only regret is l should have continued buying years ago 80’s onwards
Ouch, that would have been good
I'm stacking gold and silver because I believe people will be looking for alternative sources of physical wealth when the cdc finally kicks in and precious metals will be top of that list. That being said I only purchase what I can afford, like those 7 ounces I've just paid for from the latest backyard bullion buyers club :)
i have so much to learn. why would the centers for disease control kick gold and silver prices?
I have several coins where the decision to purchase was made with my heart rather than my head. Several of which ive seen on this channel and im sure Backyard Bullion owns them for the same reason, as by his own admission it is highly unlikely that we will live to see them become profitable if they were sold. ..If you buy what you like, can afford, and if it makes you feel warm and fuzzy inside lol then whats to regret.
Pick me! Pick me! I know. I know the answer to that one:
1. regret you did not think it through and let emotion cause to make mistakes, this is a great thing to regret because now you will always be worried you will do the same thing over and over again.
2. regret that the coins will not be profitable in your lifetime
Thanks I can relate to what you’re saying gold and silver usually is a long-term investment 😊
I feel its best for someone with time and not for anyone who may need quick cash in the near future. Should not be thinking of flipping it quickly for cash.
Even long term for silver hasn't been that hot. After converting costs to today's currency using CPI data, the "profit" is usually a negative number. Not so for gold.
14:20 long game for me. Sovereigns from now on apart from when you make something and I’m all in😊
Thanks. I'll continue stacking with sovereigns.
I intend to hold my stack at least another 10 years and then if I still don’t sell, I intend to pass on to my two girls, tax free
Thank you for your content. I think anyone buying physical metals should heed your advice especially if a few hundred dollars/pounds are important to you getting by. Do you have an equivalent to an American silver dime in the UK?
Wish someone offer the same service you offer in Australia~
I just buy it when I have an extra $200. Once you hit 1000 ounces you just have to smile that your work equity is protected by your metals. Does it really matter if the price is up or down I think not everything goes up eventually, just look at history and relax. I stack for long term not trying to turn a profit just protecting my money in metals. If you trip out on the prices everyday you will only drive yourself nutz. Lol
I am trying to understand the whole concept. About putting your work equity in a box in your house and let it do nothing. Aren't you supposed to put your money to work for you, instead of letting it be lazy and just sit there?
I wish i would.have started stacking in the late 90s. Sadly, i just started stacking a month or so ago.
Its always good to have a healthy stack of gold and silver but you also need to be smart and diversify your funds. I was buying when gold was well under 1000.00 an oz. but like a fool I sold a lot over the years.
Hello, where did you get the Lucretia Delfini coin from - it is beautiful
From the silver forum for spot price. The company that made it would have sold it for double that.
Good exercise in perspective
What’s your thoughts on second hand 1oz gold bars? Loose not in assay from lcs? I have an LCS selling (4) 1oz Pamp bars at Spot. Scratches, condition…etc. does it matter?
surely you are answering your own question £1000 in 2017 is now worth £1550in 2023 with that coin ... or if you didn't buy it that £1000 is at worst still £1000 i think ill take the coin
Yes, exactly
Bingo was his namo.😊
I wish I woulda known about it in 2011 I coulda got it cheaper. My only regret glad I did alot of studying before I started. My only other regret is starting buying on eBay ended up paying $3 more then Goin to my lcs. Other then that I had a good ride never had to sell only buy never will until I really need to like I can't work anymore.
I've regretted some buys, and I've regretted some not buying. So far I've not regretted selling, or not selling, but I imagine I will at some point.
If you are expecting to regret your decisions, why are you continuing to make decisions about metals?
@@DrSchor It's unavoidable unless you have no metals or money.
Hard to listen to your wise words when showing the nice shiny things! 😂
Where should I buy gold and silver any reliable source
I can get that gold coronation coin at a good price right now. And an American Buffalo for nearly the same. 5,000 mintage is nice.. but in America, which might bring more return down the road?
My biggest regret is that I should have purchased more gold and a little less silver. Safe storage issues. A regret I mean to rectify when and if the Au/Ag ratio narrows to my liking.
Have been stacking for some time. This probably the best and most truthful silver investment video on YT. Unfortunately, some people are not ready to hear this and cognitive dissonance gets in the way. Keep doing gods work
I'd have to say my biggest regret is not buying more in the past. I've bought a few Proofs that I know will lose value but that's ok if it's something I really want (caugh caugh the Star Wars coins 😂). Amazing video as always.
that is not a mistake at all. Compared to 10 years from now, today is the past. to learn from your mistake , buy now so you wont have that regret in the future. most important : is a caugh a cough? or what is it?
@@DrSchor I absolutely agree with you, it's never too early to get into it but I'm glad I am now 👍 Oh I just meant I think it'll go down in value but I still don't mind buying it. It's like when you say something under a cough to hide it a little.
Using a 400 Month average (33 year), silver is 87% over it's mean price currently (23 / 12USD). That IS NOT including the premiums and VAT in the UK!
I just looked, buying 100g silver bar with VAT and then selling it back immediately results in a 54% loss!! Nothing else I can think of will give you such an immediate negative return.
Gold is over 100% over mean and looks like it did at the end of the '75, '81 and '12 bubbles. DOYR ATB!
I intentionally purchase coins that are visually impressive, but only when premiums are reasonable. Feel they may be easier to barter with when SHTF. I also only buy if they are stamped with weight and purity. Its all about emitting a sense of value... pretty pieces may also interest collectors.
you are heading for a fall if you buy on feelings, that is kind of the point of this video, don't you think?
@@DrSchor I'm buying on other peoples feelings. The average person will buy using feelings not numbers. Looks valuable = valuable
I’m also a littler nervous about dollar amounts on coins. My first silver came from a guy who bought a pack of cigarettes with 6 silver eagles. I was only a kid in a gas station, but they looked and felt more valuable than $1. But to they guy, they were only $1.
You can do a two unit course in 9 months to become a financial advisor but a full time course to become a beautician takes 2 to 3 years. Make of that what you will
I wish I had not gone all in in Silver and went all in on Gold. Instead of being 50% down, I would be 100% up. ☹☹☹
Expect to pay about 16% above spot and get 16% below spot when selling. So need more than a 30% up swing to break even. The ups and downs of the market and the usually very slow growth makes gold and silver a terrible investment. Stack stocks in stable companies that pay a dividend.
Excellent content: a very level headed, realistic & sobering take on precious metals. It's easy to band about words such as hypocrite to describe someone who is both cautious about Silver in particular but also a manufacturer. It is a nuanced stand point that will be lost on some. We all love physical gold and silver for it's aesetics, possibly even for long term investment or a hedge but for short term gain, I am afraid not.
yikes. i have so much to learn about coins. can you help me. what is the difference between aesthetics and aesetics? thanks.
@@DrSchor One is an artificial limb 😉
Regret having to sell
I haven't been doing this very long but i can advise anyone that investing in royal mint commemorative coins is like buying Elvis and Johnny Cash stuff from places like The Bradford Exchange(other purveyors of future antiquities and scam artists are out there).
Like #18 great video BYB!
Thanks my friend!
I regret buying silver
My regret is buying foreign coins, the farmers that I buy from here in middle Tennessee will only take American coins, junk silver, American gold or silver Eagles. I usually pay with silver eagles unless it’s a side of beef.
Why are you using gold and silver, won’t they take dollars?
@@georgia9161, They all accept dollars or debit card. I started asking some if they would accept gold or silver coins about 4 years ago when the question arose as to the functionality of gold and silver during a time of crisis, it was a test.
If you are stacking for long term, dollar cost average is fine, and a great way to accumulate wealth
If you are stacking to make money, you better understand the fundamentals-especially price range.
Last year when silver dropped below $18 usd and i could get 100oz bars at $1.99/oz over spot , i bought. Then it went up to $26 usd/oz and I sold
My only regret is initially not understanding the massive scale one would need to invest with to make good roi. If you want to make thousands, you need thousands of ounces of silver. If you want to make 10s of thousands. . . . Well, do the math.
That alone makes gold much more attractive to me
If gold is cheap tells us the future.
My only regret is not getting silver when it was under 20.
why don't you also regret not getting gold when it was under 1500?
Regrets apply to everything. Buy that new car and need to sell it = major haircut, property, shares etc , all losses if you need to sell at WRONG time.
I remember silver hitting $10 and gold $1000. It became to expensive for me. Started buying trading cards. Sure gold and silver has gone up more, but trading cards have gone up by a lot more
Interestingly £1015 in 2017 with just using inflation effect alone is equal to £1,285.49 today.
Regarding bond, you will have pay a lot of tax.
What do you think about the idea that electric cars will push up the price of silver ?
Interesting idea but I think the electric car is CD of its time ..good while we progress to better things like hydrogen fuel cell..the compact disk has been replaced by instant downloads and mp3 so I fear electric cars will soon be remembered as a stepping stone in our development...
Just my 10 cents ..happy stacking
Every few years they come up with a new reason why silver is going to skyrocket. It never does. 15 years ago it was because of breakthroughs in medicine.