Gold Price Breaks Record Highs, but where from here?

Thanks for watching, looking forwards to chatting in the comments.
Discount code £10 off at www.thegoldbullion.co.uk
"0A319" Even works on their competitively priced best value sovereigns
Would you like a free 1 oz Silver Britannia on your next gold order?
www.bullionbypost.co.uk/accounts/login/?referral_code=NS5DZ7WX
Currently Bullion By Post have a referral offer if you sign up through my link and make a qualifying order as a new customer. Alternatively use code 'NS5DZ7WX' when you're signing up to the website in the 'how you heard about us' section.
Multi Use Capsules with foam insert
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The Gold Sovereign Series - Marsh (Fantastic resource for sovereigns - The new version is due out later in August 2024 - I have pre ordered which is currently on a 23% discount ... 2nd link)
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The Gold Sovereign Series 2024 Edition
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Coins of England - Spink (A lot of info for sovereigns but also other British coinage)
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Sigma Precious Metals Verifier I use
UK ebay.us/uBTpot OR ebay.us/zGLAnw. I don't know either of these sellers personally.
For the USA I found this seller ebay.us/5OW7vF
22.5mm Capsules (Sovereign, 0.25 oz Britannia etc)
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Coin Tube (Sovs and 0.25 oz inside capsules)
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33mm Coin Capsules (Gold 1oz Britannia recent years)
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Digital Scales (small)
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Leather £1 Coin Holder (The blue and red ones I have in the videos, note I don't store coins in these long term they're more for show in the video but haven't done any damage)
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This video should not be taken as financial advice and is for entertainment only
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[@johnlee4897]

When gold was $350/oz in 2003, federal debt was $6.5trillion. Now it's $34.5trillion. Gold's roughly tracked debt. Critics say gold is high but never say anything negative concerning massive bloated U.S. stock market. Garbage like Apple and Nvdia worth more than entire UK economy. Is that normal? Gold is still cheap relative to the other lunacy, if you ask me.

[@pa5482]

Nvidia microsoft makes insane profits. Seem like your argument is garbage

[@johnlee4897]

@@pa5482 Nvdia earns maybe $27bn on a $2trn valuation with an insane PE of 75. It's bloated garbage waiting to pop. It's worth more than most European countries. If it disappeared tomorrow, no one would miss it.

[@theonlyDerp]

Gold isn't exactly high. Our currency is just going to shambles

[@SovereignSaurus]

I find it easier to value a business than I do to value gold using FCF or net income or other metrics but there are some metrics that suggest gold still isn't expensive. For some of the companies you mention the market is pricing in high levels of growth plus people are in some cases paying a premium because they want to own the stock. Perhaps for some people they feel good owning a certain stock a bit like the stacking equivalent of buying numismatic coins? 🤔

[@pa5482]

Bought my first soverigns the other day.

[@SovereignSaurus]

Congratulations 👍🏼

[@classicflo6616]

Very nice congrats🙂👊

[@GazLT]

Hi there! I’m new to the channel and it’s all very interesting. I’m 52 & dabbled buying the odd sovereign in my early 20’s and remember paying £60-70! Late 90’s I bought a krugerrand for £215! That was the last coin I bought for a few year, but in 2006 I bought an oz gold Panda for £450 to commemorate the birth of my Son and couldn’t believe the jump from £215 to £450 for an ounce! I thought back then how far can it go.! How I wish I’d bought a few more 😅

[@SovereignSaurus]

Lovely story thanks for sharing. I wonder what we'll be saying in another 20 years

[@jamiefrost2091]

My second sovereign cost me 230 pound , too🤣. If only…. Thanks for sharing 🙆‍♂️

[@SovereignSaurus]

Wish we bought them all then haha

[@royharris7135]

I was looking into buying soverigns next year will keep getting a 1/4 oz gold every month with some silver thrown in along the way should have 5oz gold 150oz silver by end of year i got into this by accident, think i finished season 7 of aussie gold hunters and i did a search on line about buying gold and up popped loads of online dealers even lcs's close to me i never even knew were there 😂 only regret i didtnt start sooner but better late than never will be at it at least 15-20 yrs to come hopefully

[@SovereignSaurus]

Fantastic. It's nice to have local stores to go to. Not many of those about in the UK

[@gchristopherdubois3303]

Strapped & Stacked here! Been at it since 1978!

[@SovereignSaurus]

Fantastic, the power of sticking to a plan 🙌🏽

[@gchristopherdubois3303]

100%! @@SovereignSaurus

[@1977JohnBoy]

i thought years ago that gold could reach £2024 in 2024 and got stacking asap, it probably wont get there but will soon see!

[@SovereignSaurus]

It isn't that far off, we'll see

[@vincentsubmarinismo774]

Gold isn't rising in value, the increaing price is a reflection of the devaluation of fiat currencies.

[@SovereignSaurus]

A great point which I've got on an upcoming video 👍🏼

[@ozyrob1]

Fiat hasn't gone down 7% in a month.

[@shrimpman8422]

as always a really great and informative video. If I may ask a question, what do love more the investment side or the sovereigns themselves. or is it 50/50

[@SovereignSaurus]

Good question... I think there's just something special about sovereigns being a physical thing attached to so much history. When trading on the gold price it doesn't have the same excitement for me but is a more convenient way to benefit from changes in gold price

[@rlew3980]

Do sovereign prices keep rising because you’re taking them all out of circulation? 😄 Love the videos mate, would love to know your advice on the best place to buy from? eBay hunter, bullion trader or car boot fanatic?

[@SovereignSaurus]

Great question I've actually done a video covering it as it's getting asked very frequently. Cornering the market 😁

[@LeeuwAdelaar-xe7hh]

New records say the legend 👏👍

[@SovereignSaurus]

👌🏽

[@saullyons]

Saurus, prices are high, would you still buy sovs even at this high price or should I wait a bit.

[@SovereignSaurus]

It depends on your plan with gold, might we see lower prices again? Yes maybe, I have an interesting video coming out this week which should help. Also when I bought my first sovs at around £230 in 2018 there were a few people saying that they were waiting until they were back at £200... And prices never went that low

[@saullyons]

@@SovereignSaurus wise words, I am trying to buy once sov or half sov a month depending on financial situation so will probably continue then, looking forward to the video!

[@DarthPreciousMetals]

First. Hope you are well mate. Thanks for sharing 😊

[@SovereignSaurus]

Good effort! Great here thanks enjoy the weekend mate

[@seminumismaticguy8575]

Unfortunately i think you are correct which is disappointing as i wanted to accumilate at the cheapest price for another decade or so .

[@SovereignSaurus]

This week might have thrown a spanner in to that plan 🤔

[@seminumismaticguy8575]

@@SovereignSaurus in USD and GBP terms gold has gone up a lot in the last 1.5 to 2 months and I can't see it dropping as gold typically goes up when Interest rates drop which is rumoured to be in next few months . I have twice as much gold as I originally intended so it's not the end of the world lol

[@samantha9313]

Do proof coins always come with documentation?

[@SovereignSaurus]

Usually when new they have some additional presentation like box or certificate but it's not uncommon for these to become lost by owners

[@jpalm2317]

started to materialize to gold coins all yearly bonus I get paid by my employer on printed money. Hope is a good decision in 20 years time

[@christophermccormick8670]

Cheers

[@SovereignSaurus]

🍻

[@samantha9313]

I have some gold soverigns 2016 for sale in mint condition. Where can I get best sellers price? Atkinsons offer a good sell back price but I am worried sending them by Royal Mail. Pawn shop offered £375

[@SovereignSaurus]

Atkinson's advertise a good price but it does vary. Also if they decide that one or two of the coins are not up to standard they will pay less so worth considering. You could likely get a higher price selling to other stackers but some platforms have fees to register or sell and you'll have a little more work to do too.

[@andywilliams8563]

How many are you thinking of selling? I would be interested in purchasing them as often deal with people directly (and cut out the spot + % fees)