The Affordility Paradox Of Gold And Silver - Will They Be Too Expensive?

#gold #silver #money
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Welcome to the intriguing world of gold and silver investing! Have you ever found yourself captivated by the shimmering allure of these precious metals? If so, you're not alone. Join me on a journey as we explore the multifaceted reasons behind why we buy gold and silver.
For me, stacking silver and gold began as a hobby, a fascination with the tangible beauty of these timeless assets. As I started delving deeper into the world of precious metals, my motivations evolved. What started as a hobby soon transformed into a means of financial security and wealth preservation.
Over time, my outlook on gold and silver investing has shifted. Initially driven by the desire to acquire shiny coins and bars, I began to appreciate the historical significance and intrinsic value of these metals. Gold and silver have stood the test of time as reliable stores of wealth, unaffected by the fluctuations of fiat currencies and economic uncertainties.
But it's not just about financial security. Investing in gold and silver has also become a way for me to diversify my portfolio and protect against inflation. In a world of constant change and uncertainty, having a tangible asset like gold and silver provides a sense of stability and peace of mind.
Moreover, there's a certain satisfaction that comes with holding physical gold and silver in your hands. It's a tangible reminder of the value of hard work and prudent financial planning. Each coin or bar tells a story, whether it's a piece of history or a symbol of hope for the future.
As I continue to stack silver and gold, my reasons for doing so have become deeply personal. It's not just about financial gain, but also about preserving wealth for future generations and leaving a legacy of stability and security.
So, why do we buy gold and silver? The reasons are as diverse as the individuals who invest in them. Whether it's for financial security, portfolio diversification, or simply the joy of owning something beautiful and valuable, gold and silver hold a special place in the hearts and portfolios of many.
Join me as we delve into the fascinating world of gold and silver investing, and discover why these precious metals continue to captivate us generation after generation. Don't miss out on uncovering the timeless allure of gold and silver! 🌟 #Gold #Silver #Investing #PreciousMetals
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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.

[@aaronritchie7398]

There is always a bigger fish willing to buy your precious metals regardless of price. Millionaires, billionaires, businesses, governments, etc…

[@BackyardBullion]

For sure. How to find and sell to those buyers is the question

[@aaronritchie7398]

Oh my heart sank seeing that beautiful Geiger kilo bar. We all need a moment of silence after this video

[@jkly495]

mine did too = what has he done?

[@BackyardBullion]

Chopping it up to make some lovely hand poured silver!

[@richlaw666]

I would of kept the tore up chunk for show .

[@hunnybun8059]

😂 My thoughts exactly! It looked beautiful. But as per this video title - affordability is important. Looking forward to see those tiny baby silver bars!! ❤️

[@des_smith7658]

Be careful who you show this stuff to

[@jonh8125]

Remember years ago.... Surely when it was £100 per Oz people said no one would buy it at £1000 per Oz 🤷

[@stephenyoung8429]

The people who I follow (not dealers) are reckoning silver would have doubled in price in 2024, with the gold to silver ratio going down to 45 to 1. To that end, silver is still cheap!

[@shaunpatrick8345]

I forget what a Britannia cost when I started buying precious metals, but I do recall that old hands were reassuring newcomers with the fact that since their face value was £100 the downside was limited!

[@davidporter9131]

Your initial comments reflect my thoughts too. Getting the gold into salable size. My 100g bars of gold need to come down to britannias. Personally not low weight bars, the premiums are ludicrous.

[@BackyardBullion]

Thanks my friend

[@olafpayne]

That 5Kg bar looks awesome now! I like the look a lot!

[@richlaw666]

I'm still doing a half sov every month with a bit of silver to top it. Good little stack after a few years .

[@BackyardBullion]

Very nice!

[@Gordysgoldandsilver]

Always find your videos very informative and helpful for my stacking journey! Thank you so much bro 🤙🏼

[@BackyardBullion]

My pleasure!

[@jeffshaw4039]

Gold is getting expensive. I think my focus will be on silver.

[@Redwhiteandgold]

I spent way too much money on graded coins. Over 100 at this point. As for stacking 10 oz silvef 1/10 oz gold 1 time a month and a gram or gold here and there or an oz of silver now and then when I can throughout the month. Some platinum, palladium helps on occasion too and is fun. 1 gram to 1/10 oz. is what I get of those when I can.

[@Silfrfish]

So basically, no one’s going to buy my solid gold 1/1 scale Death Star

[@BackyardBullion]

Probably not!

[@keithwelch8563]

The problem is you should have invested in 1/1 scale boba fett

[@des_smith7658]

Whatever all that means

[@shimsteriom4191]

You should cut that big slab of silver up and when it gets to a reasonable sale cost, sell it as a custom BYB piece 😃 100% unique 👌

[@Goldylocksss]

Started stacking gold in 2021, regular 1oz Britannias at £1330..was very wary of paying out so much for 1oz coins but very happy now..also been stacking full sovereigns regularly since 2022 and love my stack of them..As you say newbies will still buy our 1oz Britannias at £1,900 as they are none the wiser to the prices in 2021😊 great videos as always from you.....😊

[@michaelmcqueen4514]

Great Video... Valuable Reminder about the importance of considering who you will sell to 👏👏

[@guitarsandcheesecake1632]

If gold and silver end up out of reach to buy. Then will the price slow or even fall. Isn't everything at a certain price cause we keep buying it!?

[@BackyardBullion]

Yeah, you're not wrong!

[@ianunsworth6962]

Hi, Why does nobody mention the fact that silver is subject to VAT but gold is not, making silver a really bad investment in the UK?

[@BackyardBullion]

Because people that are smart only buy their silver on the second hand market and don't pay vat

[@ianunsworth6962]

@@BackyardBullion Thanks for the tip, but we should not live in a system that forces us to to this.

[@BackyardBullion]

Well, good luck changing it is all I will say!

[@ianunsworth6962]

@@BackyardBullion Good answer ;} keep doing the video's we all enjoy.

[@shaunpatrick8345]

The VAT doesn't actually make any difference, it just adds 20% at both ends. If you bought before VAT was introduced and sold afterwards, you gained that 20% for yourself.

[@blisteringbarnaclesmagnets6364]

That bar your cutting up will make some amazing pours ⚓️🧲👍🔥

[@paulm6742]

Gold is fast becoming out of reach of your average joe stacker and my opinion is it will only get worse in the future. It's why I switched to silver as I think due to the pocket money affordability of a one ounce coin it'll be easier to sell.

[@BackyardBullion]

Totally agree

[@Djiperson]

Eventually they will lower the premium of fractional gold.

[@Djiperson]

Silver will only go up if they digitize all money.

[@TomokosEnterprize]

Oh how I remember when we both started here on the Tube.. You were trying to hold down a reg day job and pouring for all you had in you while I kind of putts along in my retirement and look what we have behind us now. We both made it in somewhat a different direction and a bit of the same journey my dear friend. What a gong show these past week. I have been through lots of silvers (and gold) ups and downs but this is more than that. Perhaps silver is getting it's due. Interesting possibility but I am thinking it may stay up here and really throw a wrench into golds gears eh ? PROBLEM 1. No one is prepaired for such a move and SECONDLY what are we to do with all our holdings and oh yea, You and I are right smack in the middle of a catch 22. We have some company there too. Our weight holdings just put some serious weight in our pockets while my sales have crashed. Crashed hard. Not an ounce has left my bench destined to some fine folks has happened since Friday. Sell any of my own ? I don't think so as it is all to be left in my will for the two I love. And can put it to getting their holdings doing more for them. I sure as hell won't have any use for it eh, LOL. Now, , , You are a lot more savvy to this $ thing (Because I am sure not) what I do know that when silver or any other PM takes a run like this we HAVE some control of how fast this happens. Like of a shock absorber in a car. When this last week got to folks they were pretty much rattled and stopped buying so much as a fileing. I suppose we need to just sit back and not hold our breaths untill this mad house settles down and we can make heads or tales out of this Gong Show eh old friend. Thanks for you and a big hug for your wonderful wife. See ya soon fella !

[@david.9633]

Thanks for the episode

[@BackyardBullion]

Thanks!

[@bamboo979]

As for for silver bar, Ive been playing Chopping up a 1kg bar and found the best way to cut it is to get it hot then use a cold cut chisel and a big lump hammer. I did try a hack saw, a panel saw chisel whith cold silver but getting it hot makes a big difference.

[@apflewis]

"Sovereign for £188", E' by gum, lad! When I were a boy, you could buy sovereigns for £50

[@BackyardBullion]

Lucky you!

[@richlaw666]

Definitely lucky I'm buying half sovs for over £200 😭

[@vavulous]

That 5kilo is gnarly!

[@BackyardBullion]

Lovely isn't it!

[@jkly495]

@@BackyardBullion Please don't chop that one up - Keep it!

[@Mr1MOA]

Back on May 3rd, I had a good and bad feeling, the feeling was.............this was a pullback, I said this may be the last time I can buy silver @ $26.60 an ounce..........so I placed a JMBullion order for silver at spot starter set (10) ounce. Last Friday solidified what I was feeling earlier in the month, I have a good feeling I know I made the right decision over the years to buy silver, the bad feeling is I know the economy for everyone is getting worse.

[@blisteringbarnaclesmagnets6364]

I’m sticking to silver gold is too expensive great video ⚓️🧲👍😊

[@properjob2311]

I am switching from 1oz gold Britannia to 1/4oz gold Britannia and sovereigns - it will mean i can buy more frequently.

[@BackyardBullion]

1/4 oz gold is a rip off on premium. Just go sovereigns.

[@des_smith7658]

Same overpriced stuff whatever

[@asheland_numismatics]

I’ve seen bars cut up like that before… It’s not the end of the world…. besides, I like your poured bars better!

[@seminumismaticguy8575]

I've mostly gone with gold sovereigns with just 2 tubes 1oz gold Britannia's for ease of selling in the future, although I have no intention of selling any of it for at least 20 years. I've been stacking for nearly 10 years so even the 98 % dealers offer will give me excellent profit .

[@ScorpioSilver1111]

im glad I stayed until the end. That tore up kilo bar was interesting to see

[@peteroliver9042]

You'll always be able to sell back to the dealers for around spot price no matter how high the price goes. It's not like the gold mines are going to stop mining because they think nobody is going to buy the gold now. Or all those big bars in the central bank vaults will no longer be able to be traded between nations.

[@gabib7496]

It's actually hard to sell now at these prices. Plenty of sellers below spot on FB groups.

[@BackyardBullion]

Certainly is, not easy at all!

[@greyowlaudio]

Out of curiosity I was looking at fractionals. The premiums on 1/10 and 1/4 are so ridiculous right now (for gold and also and especially for silver; silver for instance, is like a 25% premium for 1/10ths). On an unrelated note, that scarred-up Guldengoss looks cool as hell. I'd honestly just keep it that way.

[@BackyardBullion]

Don't buy 1/10 and 1/4 they are a rip off. Buy sovereigns or half sovereigns

[@ylekiot68]

Gold is out of reach and silver is becoming that way.

[@BackyardBullion]

Quite possibly!

[@richlaw666]

I'll keep slowly buying even if down to a gram a month 25 years before retirement I may have a we pot 😄

[@samuelnewitt6978]

I'm using a mix of fractional gold, silver on margin scheme and a physical gold 1:1 ETC. The latter is purchased in small amounts on a weekly basis and has very low fees. That's the really cheap low premium option but I'll always go for something in the hand when there's an opportunity to buy

[@hydraxc2478]

Silver is eighty times less expensive than gold, and many people have gold. So I tend to disagree with this. Does it mean you can buy less? Yeah. But if silver was 100 dollars an oz, I could still buy silver. Just less of it at a time.

[@SweetLeavesXbox1]

​@@hydraxc2478 Some people prefer to invest short term with gold vs long term with silver. Gold has been what seems like 1000Xs more successful than gold when it comes to price. Silver only seeing $50 an oz maybe twice. It's not for an investor but for a collector. Some people have no lust for Silver due to its manipulated price. Should be viewed as a hobby. Gold is much different.

[@TheKris333]

Some bullion dealers publish offers not just to sell IPMs but also to buy them back.

[@steffenmoss7119]

Been trying to sell a sov recently , nice young vic and just a few quid over spot but the struggles been real😢 sold though and now struggling to get silver at spot or nearish.

[@trmccann]

Interesting topic. I think there is a problem here in the US as to how to sell your metals. It's easy enough to buy but a limited number of places to sell your metals too. Is it easier in other countries to sell metals, perhaps Italy or Turkey or some of the eastern European countries?

[@BackyardBullion]

Yeah, it's one of those things where it sounds great when you get in but hard to get out

[@daviecrocket9160]

Fine job

[@drunkenmonkey1975]

A $10 roll of 90% silver quarters goes for over $220

[@meteoman7958]

The Royal Mint refused to let the Royal Canadian Mint be the king of milk spots. Buying problem free RM bullion is quite a challenge. Why do I bother? Because some RM bullion is beautiful.

[@SweetLeavesXbox1]

Idk if i can stack further. Only stack silver Eagles and Gold Buffalos atm. Premiums on Eagles are to high to find a "reasonable" deal. Gold takes about 3 months of savings to afford 1 OZ Buffalo. The economy isnt in a place to store $2500 at once. Everything has multiplied in price while receiving minimum salary increases. I don't see how the middle class can afford to stack with these prices. Demand has to fall.

[@markcolfer-henderson2722]

I'm looking at silver to save and gold to sell, but have some fun with collector coins. But l look at the precious metals to sell/trade. To try and increase wealth and save wealth. Only really looking at the CGT sovereigns at the moment, small steps towards better knowledge.

[@ralph007silver]

Gold and Silver are investments for the long term, and a sure fire bet against inflation. In 1970, an ounce of gold was about $40. Let's say, for sake of argument, you celebrate the birth of your child in 1970, and decide to buy the new born a 1oz gold Krugerrand, for $40. You put it in a drawer and with it, you put $40 in cash. Fast forward to right now. That 1oz Krugerrand is worth almost $2,500 Meanwhile, the $40 sitting next to it wouldn't get you an evening meal for two. That's how I explain two things to those that don't understand that inflation is actually devaluation of a currency, because real value is not affected by devaluation, and cash has absolutely no value, except as a perception.

[@des_smith7658]

And the rest is history

[@harryzero1566]

Though I don't expect to sell any metals, my future purchasing affordability has become a concern to me. NB, my first sovereigns were £217 and a tube of 25 britannias were under £300, now I just buy a couple of silver oz.

[@eddysmith568]

I will never for give you

[@des_smith7658]

It's only silver relax

[@jdizzle8088]

First... Great topic Backyard

[@BackyardBullion]

Much appreciated

[@Virgin_Stacker]

As price gets more serious, wouldn't those with cash that recently come "in the know" be the new buyers? Isn't the spot price for paper contracts? For industrial use? If you could trade your kilo for a Rolls Royce, would you? Land trade? Local trade with butchers and farmers? Do you like any of RM 1z bars? We are so lucky we can as many in the world are in horrible situations for whatever reason just can't! I'm sure if they could they would. Stay safe, stack on🇻🇮

[@markcolfer-henderson2722]

Thinking of getting the silver shilling pre 1920 and got my hands on a reasonably nice 1896 half crown. Would that be considered junk silver?

[@Cobrastacker]

Ahhhhhhh what have you done to the 5kg gorge lmao couldn’t believe it looked good as it is now though lol

[@BackyardBullion]

Choppy choppy into the pot it goes!

[@harryzero1566]

The future could be killed off by a global financial event for potential stackers. If you still have confidence in fiat currencies £20k for an oz of gold could be regarded as unaffordable.

[@ozyrob1]

Fractional gold and silver 10 Oz or under.

[@milohenry1233]

Omg just looked at my Atkinsons account up 27% , time to sell some silver I think

[@Seven-Seven-77]

I like 1 ounce Bullion semi collectible

[@scottjewell8694]

How would the price reach that high level if people weren't buying it?

[@ozyrob1]

Probably because central banks are buying it. China in particular.

[@walterswanson3867]

USA here. When silver hit $30, I tried to sell some of my silver for extra money for a wedding I was going to. I had 3 different coin shops offer me $1.50 less than spot for 1oz sovereign silver coins, before finally finding one who offered me 50 cents less than spot. I was being given excuses about them having a surplus and that's all they could pay. Makes me wonder what they would pay if silver ever hits the $50 stackers hope for. Another thing I often wonder about is if silver did ever hit $50 an ounce, what are the items made from silver going to cost?

[@turokforever007]

Issue with selling just as the price went up is very risky as it could drop again.

[@walterswanson3867]

@@turokforever007 In my case it actually went up almost $2 so maybe I should have waited a few days.

[@gilly5959]

Half ounce gold and sovs for me and some quarters. I see so many people buying 1 ounce coins and think that could be 4k in 10 years how many people are going to afford that. I think buying big pieces your limiting yourself on potential customers when the time comes to liquidate, your potential buyers are a smaller percentage that can afford it then if you have loads of people selling 1 ounce coins it shrinks even more. Chopping that geiger up for pours is definitely sacrilegious 🙄 bolt croppers on one of the most premium bars you must be mad 😂 mind you probably cheaper than buying the silver shot atm and that size bar im sure you got a great price on it.

[@womblestacker7993]

Group orders stopped no point buying it in uk to much money tax etc ,sold it all bought crypto made thousands better off .

[@susanneflynn410]

Sell it back to the mint

[@BackyardBullion]

Hmm, they will pay very bad prices.

[@Spirit-FilledMindset]

You ruined that 5kg bar. And actually it will definitely be an investment. You will see.

[@marialangley5528]

Enjoyed that. Crypto col

[@coincupboard]

That bar! 🤣😁🤣

[@Karl_Burton]

More of an issue for gold, than for silver. 76 to 1, or 76 times cheaper.

[@BackyardBullion]

Yeah, this ratio is pretty crazy

[@stephenyoung8429]

Just a few weeks ago it was 85 to 1​@@BackyardBullion

[@SJWBullion]

Why didn’t you just melt the big bar at the end. ?

[@alexanderthegr8763]

SOVEREIGNS!!!! 🤤

[@Karl_Burton]

The nominal value of the currency / inflation isn't what we should measure. As in, what the pound could buy 10 years ago, doesn't matter, much. What I mean is, if you hadn't spent say £100 on metal, and put it under the mattress, you couldn't now get 2014 prices, because the notes were printed in 2014. What we should measure against, is the interest rates we could have gotten. For example, say average interest rate of 2.5%, you'd now have £128.01 So, is the metal you bought 10 years ago, worth more or less than that? What £100 bought you 10 years ago, is irrelevant. You can't avoid the debasement.

[@Karl_Burton]

Of course when you buy some metal for £100, what you get you probably couldn't get £100, the next day, so it would have to appreciate at more than a (in this made up example) 2.5% / year, to break even

[@BackyardBullion]

Thanks for sharing.

[@jonh8125]

But you still have inflation eating away at your purchasing power in cash or if it's in the bank earning interest

[@shaunpatrick8345]

@@jonh8125 how much depreciation was there in the currency between 2011 and 2015 when silver lost 66% of its value? If you were in cash, you gained.

[@shaunpatrick8345]

Another useful comparison is the price of gold relative to the stock market. The Dow/Gold ratio has many charts available online, showing that when BYB was buying his cheapest gold, the Dow was relatively cheaper than it is now. It's also paid dividends in the mean time, and is easier to gain from tax-free. The indications now though, are that gold is the better bet.

[@nuttyneil999]

Yikes, that 5kg...

[@ianbooth6477]

Broke my heart, cool kids club😢

[@jeffkeller9009]

Gold and silver not getting more expensive, but fiat money losing value.

[@ARegularBloke]

It’s only a plain silver bar, really. I trust you’ll put it to better use anyway!

[@LatimusChadimus]

If you can't sell, trade

[@oldschoolnateguy]

Omg 😮

[@b.j.stambaugh9213]

The real question is can you afford not to????...smiles

[@SweetLeavesXbox1]

Yes 🤣 Food, Water and Electricity is key atm. If you can afford gold, your a king! 🤑

[@davidporter9131]

You seem to have milk spots on some of your silver?

[@ant5595]

Most end up that way, especially Royal Mint.

[@BackyardBullion]

Royal mint at its finest

[@ant5595]

@@BackyardBullion Yep, Perth Mint quality is way better.

[@paulm6742]

I've seen another youtuber using an eraser to get rid of milk spots, but I'm assuming that's only temporary.

[@BackyardBullion]

It was probably me you saw 😜

[@CoiNoob71]

Omg I can't believe you did that to the big bar 😮 lol

[@BackyardBullion]

Love it! Chop it up for the melting pot!

[@CoiNoob71]

@BackyardBullion the first cut must have been tough 😄

[@BackyardBullion]

Nah, I love it

[@CoiNoob71]

@@BackyardBullion sadist lol Great stuff

[@SweetLeavesXbox1]

That thing looks like the hard chocolate bunny I used to get for Easter. Even has all the chewed up edges. Always took me a week to eat those things 😂