Why I'm DONE Buying Gold At All Time Highs - But Should YOU Avoid Buying Gold Too?

Рет қаралды 6,815

Backyard Bullion

Күн бұрын

Пікірлер: 83

@monkey39128 9 ай бұрын

I have to keep buying because I'm trying to buy up the entire world's supply. Aiming to be done in 5-10 million years.

@ryantate6447 9 ай бұрын

I think Russia. India and china are beating you to it 😂

@dleetr 9 ай бұрын

@@ryantate6447 They won't exist in his planned time horizon.

@ismaileee 9 ай бұрын

Not if I get to them first! 😅

@wasillastacker 9 ай бұрын

Still buying. mostly silver this past month. My strategy from my very first was to just be able to buy money, instead of buying things. And it has worked out well. Great vid as always, thank you sir!

@grantog123 8 ай бұрын

Love this

@Stanislaw93 9 ай бұрын

When the price of gold exceeded £1000/oz years ago I told myself - it's way too expensive to keep stacking at these prices. Later on, I changed my mind and I keep stacking - regardless of the current prices, regularly - less than I used to buy in the past, but still. I stick to best value Full Sovereigns and 1/10oz coins. What is more important to me right now is buy at low premiums, as in the long run the price doesn't really matter that much. Today's ATH may be shocking, tomorrow it will be the normal price and the day after it may be considered cheap occasion.

@LMUstacker 9 ай бұрын

when you look at the gold chart, almost every month for the past 25 years the price has been at its all time high; we can only hope it goes on like that.

@richardmetcalf2346 9 ай бұрын

On hold myself! I can't hardly wait for the Au/Ag ratio to narrow. I would love to shed some bulky silver for gold. I might be waiting awhile!

@marcharkins2882 9 ай бұрын

Enjoyed the outside ramble, thanks

@MarkB-g8x 9 ай бұрын

I started collecting as a savings account only a few months ago... managed to get a few grams of gold, but limited with the budget so silver it is for me now...

@stephenbishop9194 9 ай бұрын

An interesting video. Thanks. The audio was very good, the churping birds created lovely background music. The lighting was good too.

@secretstacker 9 ай бұрын

Great vid BYB that soles coin is a stunner and some giod advice as usual thanks for sharing 👍👍👍

@aerial558 9 ай бұрын

Many thanks for sharing your thoughts. I was giving very careful consideration last week and sore the all time high and decided to wait for a while before making that plunge? If it will ever drop 😢

@J900RD 9 ай бұрын

Talk about firsts, I started my collection with one of your silver bars. I’ll probably never sell it which seems daft but It’s a cool little reminder. Question for the people. Is it worth keeping records of what you’ve bought and what you paid? Just wondering if it matters if holding long term

@abc-ye2ec 9 ай бұрын

You are stressing me out shaking those sovereigns, mine are all in capsules, even if they are bullion...I want to prserve them at the same condition i bought them....😦Also i wear gloves when i want to fondle my stack...😀

@send2georgie_S2G 9 ай бұрын

You shared some great tips on how to acquire gold when spot is high. Thanks BYB and happy stacking ✌🏻😊

@stevens69411 9 ай бұрын

ive got 1000 cash, wanting to start with silver after doing my due diligence...how and where do i invest my cash in the UK. TIA

@martync7436 9 ай бұрын

A stocks and shares ISA is a good option if you want to take investing seriously. I am never going to recommend silver, not even to someone I don't like. Gold is nice, especially if like me, you're wondering why the central banks are buying it up in such huge amounts, but maybe let the price cool down a bit.

@stevens69411 9 ай бұрын

@martync7436 lol...thanks for your opinion and not answering my question...very interesting response 🤭

@John-FourteenSix 9 ай бұрын

Personally I would stay away from Stocks, Bonds and BTC. In the UK, Gold and Silver coins of the realm i.e. Britannia’s and sovereign’s are a Capital Gains Tax free. Gold is VAT free. Silver is not, however Gold to Silver Ratio is at 1:80. (1 Oz Gold = 80 Oz Silver) Coming out of the ground it’s naturally 1:7! So Silver is VERY undervalued, BUT it’s riskier, so don’t overdo it. There are different views on this, but If I had my FIRST £1000 cash (Approx), I would buy: 25 Britannia’s (£650) 1 Sovereign (£400) Be patient, don’t panic (At all!) and take the long view. Try to get a feel for it. Gold and Silver are real money with 5000 years of history.

@stevens69411 9 ай бұрын

@John-FourteenSix what an amazing response...honestly, I couldn't have asked for anything more. I'm not rushing anything, I've got 1000 free, ontop of my saving if that makes sense. I'm just interested to invest and have spent many hours enjoying silver/gold content. Thank you again

@martync7436 9 ай бұрын

@stevens69411 I can't really tell you what to invest your money in. That's up to you. I am not a financial adviser. You should not really be asking the Internet what to do with your money. All I can do is tell you what I like to do. I like to put my money into the S&P 500 through a stocks and shares ISA. I also like gold, I have Britainias 1 OZ coins, some 1 OZ US gold coins, and a bunch of sovereigns. I do not own silver yet. Maybe I would if the price crashed enough. With £1000 spare in my account, I would put it into an S&P 500 index fund. Do a little research into what the most competitive stocks and shares ISA's are, plenty of comparisons and reviews out there. You will not lose all your money like some people think, and even if there is a crash, the economy will recover. Silver is a terrible investment, and the only people making money from silver are dealers.

@jeremydoggett5005 9 ай бұрын

Do you have a small bucket of crypto for diversification?

@seminumismaticguy8575 9 ай бұрын

Ive always used a modified DCA strategy and only buy if its cheaper than last month so never buy at ATH its ridiculous IMO as statistically it is more likely to drop from ATH. If tou bought silver at its ATH youd still be waiting to even match that price 13 years later thats without premiums postage and taxes factored in . Ive been buy gold snd silver for the last 11 years and gold only for last 6 years

@shrimpman8422 9 ай бұрын

great video, thanks for sharing, very interesting

@daviniarobbins9298 9 ай бұрын

Yeah, with some country's coins the design never changes from year to year. I would if I had the money probably buy one gold coin from South Africa, Austria, and 1 Eagle and 1 buffalo from the US and I would probably buy just 2 Canada Maple Leaf's one with QE2 and one with KC3. There is no real point in doing year run collections. I would probably buy just 1 Britannia with QE2's face on it. Shame I don't have any money though.

@oneisnone7350 8 ай бұрын

I tell people to figure out an amount of gold they are comfortable holding as a base. I typically suggest 5-10% of investments. If you don’t hold that amount yet, don’t stop buying, regardless of price. Be methodical, and don’t buy emotionally. Dollar cost averaging is the best way, in my opinion. Once you reach that goal, you can then start to be more discriminating based on price.

@gee3883 9 ай бұрын

This is helpful and don't please take this an an insult but mostly about you. Do you have any tips for buying now for a newb? cheers.

@dronetestdaegan 9 ай бұрын

Buy when gold is low. Hold, and don't waste money on useless stuff.

@hmalik5232 3 ай бұрын

@@dronetestdaeganI bought some a few days ago during a small dip and now the price has gone down, really regret that now

@CuSTACKS 9 ай бұрын

If youre a dealer you trade whether its down or up doesnt matter. If youre a buyer as a stacker or investor you wait for the dips.

@hihosilveraway59 9 ай бұрын

My two cents. The high gold price will likely dissuade buyers, some may move to silver instead. The central banks are driving the gold price. Theoretically silver price follows gold with delay and is currently at a decent buying price, however world demand might be stifled due to low industrial demand

@Leonzhanguk 9 ай бұрын

When do you think the price will drop down? or will it?

@dronetestdaegan 9 ай бұрын

Obviously no one knows, and if someone says they do know, they are lying to you.

@byteme0000 9 ай бұрын

I've actually sold some bits of gold recently so that I could buy more silver. At current silver prices, I'm grabbing all that I can get my hands on.

@dlyras 9 ай бұрын

Central banks are no longer buying silver so you cannot put it in the same category as gold. You may as well buy platinum if you're that bullish on silver based on its historical price relative to gold. The current gold/platinum ratio is 2.34 which is pretty insane.

@foxmoongaze 9 ай бұрын

I think it depends on how important/precious one believes gold will become over the next few years. It could be worth buying at any price.

@bigbill74scots 9 ай бұрын

Still buying my monthly ounce. Works for me.

@shimsteriom4191 9 ай бұрын

Alfresco Ramble... I like it 👌

@davidmartin2957 9 ай бұрын

I think the place to be is in fractional gold you know sovereign’s and the like, far easier to sell as the premiums are lower and I think also far more movable. I would go further and say gold will break £3,000 per ounce

@grantog123 8 ай бұрын

"I'm not buying any more because I have enough." Got it.

@prateeksinghguleria5675 9 ай бұрын

My eyes are on those Christmas bars, i didn't get the same offer, it was a bargain 😕.

@kennyt8016 9 ай бұрын

I started out buying 1oz gold AGE or buffalo. To me it makes no sense to save money for a year to buy 1i of gold. In the end it’s the same total price of buying only 1oz of gold in a year buying 5 gram bars each month a year to acquire 2oz of gold in 5 gram gold bars. I started buying 5 gram gold bars in 2019. At the end of 2022 I realized I can acquire 2oz of gold buying 5 gram bars each month a year. It takes 31.103 troy grams to equal 1troy oz of gold. My LCD will do a fractional trade of 32grams gold into a 1oz gold coin/bar. My finances have allowed me to move to 10gram gold bars to acquire 4oz of gold or more a year. I buy silver rounds and or bars now and then too.

@Lonepatriot69 9 ай бұрын

Gold is the Best Buy now and has been for well over 2 yrs now.

@philipbant657 9 ай бұрын

That lot looks good in any light to me BY . It would look much better under light though😊.

@HarryGeee 9 ай бұрын

In 5 years you'll be saying you wish you could buy gold for 1700

@Lonepatriot69 9 ай бұрын

Indeed 👍

@browpetj 9 ай бұрын

Cant beat natural light temperatures on gold and silver. Thats how humans found these metals in the first place, drawn to them under natural light.

@terencebrown1754 9 ай бұрын

With gold being the only tier 1 asset, banks teetering on the edge again, inflation raging, and the stock market in a massive bubble. I know where my money should be going. Remember the only reason the gold price goes up is because your purchasing power is be eroded by inflation

@dleetr 9 ай бұрын

So you're no longer on the Royal Mint proof gold speculation bandwagon? Or is it just bullion gold you're taking a break from? I suppose you did caveat.

@matthewhester5891 9 ай бұрын

ATH inflation adjusted is almost $2700

@loafersheffield 9 ай бұрын

I perused the comments section and was disappointed that it has not, as of yet, been infected by bots. So, here goes.. I find your physique to be similar to that of Hercules and the world is held up by a series of never ending turtles. Nice 1, BYB. My stack has finally exceeded the costs of premiums and postage costs. Only 3 years in. Regrettably, my 9 0z of rare pf69's and pf70's is lagging. The boy will inherit. He'll have to figure that out for himself.

@wolfstacker 9 ай бұрын

Like 139🎉 Great video, buddy

@InappropriateShorts 9 ай бұрын

Dealers are always buying

@fontane007 9 ай бұрын

Don’t think it matters what the price is, long term the price of Gold is going to keep going up, I will continue to buy until it becomes so expensive that it’s no longer feasible. Silver is more of an issue due to VAT, but in the long run I still think Silver will go to the moon. For me it’s all long term savings that I either pass on to my kids or it gets me out of a hole if the World turns upside down..

@harryzero1566 9 ай бұрын

I can never say no.... to buying gold. If ive got currency that's not doing anything

@daviniarobbins9298 9 ай бұрын

If one looks at the last 3 years gold price it is clear the trend is upwards. And if this trend continues gold will be around £2000 per oz by 2027.

@sharkwaters-xb9kc 8 ай бұрын

It’s 2300 USD now which isn’t far off 2000 GBP. 2027 lol😅 clown

@ralph007silver 9 ай бұрын

If gold is cheap, buy gold. If gold price crashes, buy gold. If gold hits an all time high, buy gold. Gold is forever going up, because cash is forever getting devalued. The pound coin was introduced to resemble the gold Sovereign, because originally that's what a Sovereign was worth.£1. Now, that Sovereign requires over £400, showing that £1has devalued greatly over time. Banks and Governments don't call it devaluation, they prefer to call it inflation, but it's the same thing. Nice Blackbird singing in the background there 👌

@dleetr 9 ай бұрын

All time too highs. Needs to drop a bit, so it can fit, in my budget.

@topshelfg1408 9 ай бұрын

golds not gonna double its price... silver has projections to up to 160$ an oz... will it happen who knows but gold isnt going up 7x its current price

@BackyardBullion 9 ай бұрын

If you think silver will 7x its price you have a heavy truth to admit to at some point in the future....

@jonh8125 9 ай бұрын

I wish I started buying years ago . I'd kick my own ass if I was that bendy!! Got my Sigma pro today BYB!!!!!

@johnlee4897 9 ай бұрын

Still picking up choice proofs which are only loosely tied to spot gold.

@AdrianSams 9 ай бұрын

I've never really understood why Brits buy Silver given the facts that we pay a premium (often high) and then 20% vat (tax). The price of silver has to increase so much just to break even when they sell. Just my thoughts but there seems to be a lot of "snake oil salesmen" selling the silver dream. Happy to be corrected as everyday is a school day. 🙂

@dlyras 9 ай бұрын

Yeah, the government is doing everything it can to tell you that silver is not money because they tax it like an industrial metal yet people still buy it. I think it has a lot to do with the fact that its cheap so its a good entry point into PM investing for most people. With £100 you can still buy 3x 1oz shiny silver coins to show off to your friends. £100 in gold doesn't get you anything.