Gold won't melt in a house fire as the average temp for a house fire is 600c and in my area less than a 6 min response time according to the fireman who installed my smoke alarm. Gold melts at 1000c and silvers at 960 c so it shouldn't get really hot enough, water won't damage it neither. Fine art will be damaged by both
Hi SS,🙋🏻♂️. Thanks for the shoutout 🎉🎉. Although gold doesn’t generate any benefits until you sell, it does give pleasure, which is priceless !. J. Fantastic collection you have!
I appreciate the logic of having it stored with 3rd party, it makes perfect sense. What happens when shit hits the fan though, will you be able to get your gold back?
@@SovereignSaurus I wonder about this. Some say storage in Switzerland is the best. Also have you seen videos of vaults in the US where the FBI have stolen the items or banks have emptied them.
The ability of an asset to make a profit is always accompanied by the risk of losing money. Gold is a way to "freeze" your money for a long term and keep it guaranteed.
Nice description of the hazards and cons of buying and owning gold. One more concern I really do have is trusting any institution to hold my metal. The day that you really need it is going to be the day you cannot access it. If you don't hold it, you don't own it. So, you bear the risk of getting it stolen from having it in your possession or getting it stolen from someone you trust to hold it. I suppose you must weigh those two opposing options carefully.
Yes the 3rd party storage is an issue. There are pros and cons to each storage options and I guess it's down to the individual on what their likely case is for each option
Well, gold is a terrible investment since it isn't an investment. You hit the nail on the head, they just collect dust. That said, for several reasons I like to own it, ill never have as much as the legendary saurus but a decent amount of savings in gold is a no brainer!
Well, just on a personal anecdote, I bought a bullion gold sovereign coin two years ago for £284, the same coin today will comfortably sell at £384+. If I had bought 3 coins, for the sake of argument, under £1k, I would now be £300 up on the deal 2 years later. Compare that to say an ISA account, which with £1k would ask you to not touch that money for 5 years and yield only £200 profit (typical), your money is at risk of course, whereas my sovereign I can 'cash in' at any time, or wait longer with no penalty for 'withdrawal' at all. With gold the tide is always rising over the long term, with a few waves that wash in and out in the short term. According to its track record anyway. Stocks and shares suffer from commission and the ups and downs of the market, real estate needs maintenance and attention, crypto could go to zero if the market collapsed. Precious metals cannot collapse because they have a price floor, sometimes more than one price floor, which will always prevent any collapse. 'Good as gold' is better than 'safe as houses', or even... dare I say it... 'safe as the Bank of England'.
Some great points. It's important to distinguish between different people and their strategies within other asset classes too. It's a topic I've got for an upcoming video but for eg comparing an accidental landlords figures to gold rather than a professional property investors figures or comparing your average retail clients spread betting account to a profitable traders will all yield very different results. You're right though that a lot of comparisons ignore the costs you mention
It’s easy to look at gold’s recent performance and think it’s a great investment, after all it’s almost doubled in price since I started buying it in 2019, however there have been big drops in the price of gold. I think around 2010 it had a big drop.
Yes it can of course go down. I'm long term bullish of course but a stock could go down and still be giving you a little tickle of dividends every few months
I have a slight different POV on gold..I gambled for years, was never in no debt and gambled only what i could afford but fell out of luck for a quite a bit of time. That took a toll on my mental health as i became increasingly frustrated and angry. One day i decided instead of placing a bet I would order a gold bar... And I kept on doing that, which not just helped me divert my mind off gambling but also literally prevent me gamble, because it is almost impossible to instantly turn gold into cash flow and then squander it on bets.. So yes it is a fantastic way to save money.
well you buy from mining company and you can get it at spot and cheaper and in several grain sizes up to 10 g nuggets even more and point of buying gold is when paper fiat inflates to dust and crashes at least you will have a physical asset currency that every country excepts, plus when paper crashes gold should skyrocket, also alot of countries are going back to gold standard money, and gold will still be there if house burns or floods paper wont
I like gold because its a beautiful metal that is incorruptible. One day it will either give me access to something I need or give me continued peace of mind. For me, I have confidence, that I will never be destitute.
I bought 100 Gold Sovereigns in 2010 for £20.000. They are now worth £50.000. Gold is a much safer long term bet than most shares, you tell me what shares return 10% per annum for years !!!
Hi 👋 sov I just got 2 new gold coins. 2X 1/2 ounce Britannias. Well pleased with myself, not catching up to you yet 😅 Well done 👍 keep up the good work
@@slapdat.byteme the market has been taking a shit for like 6 months now. Stock returns are trash. I have been dca’ing into bitcoin for around 3 years now. I buy a little on the red days. It’s been fruitful.
Yes exactly. I wouldn't like to be all in on one but if the past is anything to go by owning a range of assets should help you and future generations through life nicely
Technically you arent paying more than what its worth, the spot price is the theoretical price of paper gold contract in the future if you bought 100 toz bar not the price of a 1oz physical gold coin. Almost none of the contracts are redemed for gold bars.
This video should help you. Capsules are the small disk like cases and the taller ones that store multiple coins are tubes th-cam.com/video/yJEIqKUWvIs/w-d-xo.html
@@SovereignSaurus Yes. The faux leather book ones, my dad, an investment salesman, gave to customers. The oval metal one had a hole in the bottom to roll up dollar bills to insert. Fun times as a kid!
Gold isn't an investment and shouldn't be seen as such, it doesn't provide an income and may not make you profit . Thats why money leaves gold to shares/other more profitable assets in good times and flows back into gold in the bad times . Having said that it can and has outperformed other investments many times .
I bought my first sovereign in 1990. From that point on it was about getting ever variety including half's. All the Georges and Vicky's shielded and odd. Have 2 tubes value up there considering my first sovereign cost $ 67 not bad.
@@SovereignSaurus It's a 2022 I haven't handled it much. There is a white coating on Britannia herself, which can only be seen under the right light conditions.
An asset that generates no income is what’s known in investment terms as a wasting asset. The fact it generates no income means it’s difficult to work out its fundamental value, therefore its price is based on speculation. To investors an asset that costs you money to keep is known as a negative carry. The price of gold is pretty volatile, I would say it’s twice as volatile as the S&P 500. Gold has a high ulcer index which means it tends to have long and deep periods of drawdown. Gold does track inflation as it is a commodity however, bread and cheese are also commodities that have tracked inflation very well. Gold is generally seen as a good investment by those who distrust government and assume the collapse of the capitalist society we live in is imminent. All that said, I do think gold is worth having as a small percentage of a portfolio. I had think now could be a good time to sell. Gold will drop as inflation comes down and the dollar strengthens. I’m sure what I’ve said may come under some criticism from hardcore stackers so I won’t mention silver!
Thanks for dropping by. Appreciate the well written response. Most of those we're sticking points for me when I began investing generally and why I didn't give much attention to gold. A bit further down the line now I put a bit of the long term savings into gold though definitely not 'all in'
Physical gold is not meant to generate an income (interest), as it is money, with no counter party risk. That is one of the reasons for holding gold (and silver). Conversely, fiat currencies deposited in a bank come with counter party risk (bank collapse). For the potential risk, depositors are meant to be rewarded with a decent rate of interest, above the rate of inflation. Not so these days. 1:02
Like cheese, gold maintains its worth over time. One ounce of gold today will roughly buy the same amount of cheese in 100 years. I'm not going to buy 58 metric tons of cheese. It will spoil and I don't own any caves. Buy bullets..heck even they go stale in 100 years.. buy land they say. I agree, however that only works until the commie government decides your 100 acres is too much land for one family and should be redistributed...you know, for equity and community farms.
I buy it for two reasons. One I like the hobby, two its just a part of my savings. Great video, Thanks.
Solid strategy as always 👍🏼
@@SovereignSaurus Thank you
Gold is a great way of saving, some comments are motivated by ‘feelings’ I prefer to go by facts - and the fact is gold grows in value 👍
Good approach 👍🏼
Gold won't melt in a house fire as the average temp for a house fire is 600c and in my area less than a 6 min response time according to the fireman who installed my smoke alarm. Gold melts at 1000c and silvers at 960 c so it shouldn't get really hot enough, water won't damage it neither. Fine art will be damaged by both
Yeah I've no idea about fine art but can imagine that's the case for most
When in emergency situations u can also hide gold coins up your ass. Can't do the same with Mona Lisa
Gold can definitely melt in a house fire. As can silver and guns and other metals
Hi SS,🙋🏻♂️. Thanks for the shoutout 🎉🎉. Although gold doesn’t generate any benefits until you sell, it does give pleasure, which is priceless !. J. Fantastic collection you have!
Certainly does 🍻 Cheers mate
I appreciate the logic of having it stored with 3rd party, it makes perfect sense. What happens when shit hits the fan though, will you be able to get your gold back?
A good question... Ultimately it depends what kind of shtf situation occurs and whether it occurs everywhere... Hard to say
@@SovereignSaurus I wonder about this. Some say storage in Switzerland is the best. Also have you seen videos of vaults in the US where the FBI have stolen the items or banks have emptied them.
The ability of an asset to make a profit is always accompanied by the risk of losing money. Gold is a way to "freeze" your money for a long term and keep it guaranteed.
Yes good way of putting it
Hi Nick Mukhin! Solid Advice! 😎
Nice description of the hazards and cons of buying and owning gold. One more concern I really do have is trusting any institution to hold my metal. The day that you really need it is going to be the day you cannot access it. If you don't hold it, you don't own it. So, you bear the risk of getting it stolen from having it in your possession or getting it stolen from someone you trust to hold it. I suppose you must weigh those two opposing options carefully.
Yes the 3rd party storage is an issue. There are pros and cons to each storage options and I guess it's down to the individual on what their likely case is for each option
Well, gold is a terrible investment since it isn't an investment. You hit the nail on the head, they just collect dust.
That said, for several reasons I like to own it, ill never have as much as the legendary saurus but a decent amount of savings in gold is a no brainer!
I just rent my stack for the photos remember 😏😁
@@SovereignSaurus 800-rent-a-stack
@@tridentstacking hahaha
Well, just on a personal anecdote, I bought a bullion gold sovereign coin two years ago for £284, the same coin today will comfortably sell at £384+. If I had bought 3 coins, for the sake of argument, under £1k, I would now be £300 up on the deal 2 years later. Compare that to say an ISA account, which with £1k would ask you to not touch that money for 5 years and yield only £200 profit (typical), your money is at risk of course, whereas my sovereign I can 'cash in' at any time, or wait longer with no penalty for 'withdrawal' at all. With gold the tide is always rising over the long term, with a few waves that wash in and out in the short term. According to its track record anyway. Stocks and shares suffer from commission and the ups and downs of the market, real estate needs maintenance and attention, crypto could go to zero if the market collapsed. Precious metals cannot collapse because they have a price floor, sometimes more than one price floor, which will always prevent any collapse. 'Good as gold' is better than 'safe as houses', or even... dare I say it... 'safe as the Bank of England'.
Some great points. It's important to distinguish between different people and their strategies within other asset classes too. It's a topic I've got for an upcoming video but for eg
comparing an accidental landlords figures to gold rather than a professional property investors figures or comparing your average retail clients spread betting account to a profitable traders will all yield very different results. You're right though that a lot of comparisons ignore the costs you mention
Gold is money that’s why it doesn’t produce yield. Cash doesn’t produce yield unless you put it somewhere like a bank and then it’s not yours anymore
I do enjoy the simplicity of just buy and hold when it comes to gold
Never hold Gold in a bank .... Thousands of Chinese did and lost $400 million when it suddenly disappeared overnight !!!
It’s easy to look at gold’s recent performance and think it’s a great investment, after all it’s almost doubled in price since I started buying it in 2019, however there have been big drops in the price of gold. I think around 2010 it had a big drop.
Yes it can of course go down. I'm long term bullish of course but a stock could go down and still be giving you a little tickle of dividends every few months
I have a slight different POV on gold..I gambled for years, was never in no debt and gambled only what i could afford but fell out of luck for a quite a bit of time. That took a toll on my mental health as i became increasingly frustrated and angry. One day i decided instead of placing a bet I would order a gold bar... And I kept on doing that, which not just helped me divert my mind off gambling but also literally prevent me gamble, because it is almost impossible to instantly turn gold into cash flow and then squander it on bets.. So yes it is a fantastic way to save money.
Hi Sovereign Saurus! Nice gold coins! Smart for keeping in a depository! Thanks for sharing! 😎
Thanks for dropping by 🍻
well you buy from mining company and you can get it at spot and cheaper and in several grain sizes up to 10 g nuggets even more and point of buying gold is when paper fiat inflates to dust and crashes at least you will have a physical asset currency that every country excepts, plus when paper crashes gold should skyrocket, also alot of countries are going back to gold standard money, and gold will still be there if house burns or floods paper wont
There is certainly a good case for gold
You don't know how expensive a house will get. They could raise property taxes to 50% , then what?
There are a lot of what ifs you're right about that
I like gold because its a beautiful metal that is incorruptible.
One day it will either give me access to something I need or give me continued peace of mind.
For me, I have confidence, that I will never be destitute.
Great points
I bought 100 Gold Sovereigns in 2010 for £20.000. They are now worth £50.000. Gold is a much safer long term bet than most shares, you tell me what shares return 10% per annum for years !!!
They're looking after you well 👍🏼
Metal have a good advantage as if you sell for a profit you don't pay tax to your government. So the premium is not a bad thing.
It is nice to get a relief on the gains of some coins under current rules yes. 🤞🏽 This doesn't change before we come to sell
Hi 👋 sov
I just got 2 new gold coins. 2X 1/2 ounce Britannias.
Well pleased with myself, not catching up to you yet 😅
Well done 👍 keep up the good work
Fantastic that's a good haul 👌🏽
What you say? My little gold isn't going to reproduce? Dang.
I've tried everything 🤣
I think it has a spot along with your other assets. Stocks, gold, bitcoin. Working on real estate. Diversity is good.
You were doing great til you included bitcoin. 🤣
@@slapdat.byteme it’s performed better than any other asset in my portfolio 🤷♂️
@@lockheedload You either were lucky enough to buy it when it was in the toilet, or your other assets are really doing crappy.
@@slapdat.byteme the market has been taking a shit for like 6 months now. Stock returns are trash. I have been dca’ing into bitcoin for around 3 years now. I buy a little on the red days. It’s been fruitful.
Yes exactly. I wouldn't like to be all in on one but if the past is anything to go by owning a range of assets should help you and future generations through life nicely
Gold is not an investment.
I agree
Technically you arent paying more than what its worth, the spot price is the theoretical price of paper gold contract in the future if you bought 100 toz bar not the price of a 1oz physical gold coin. Almost none of the contracts are redemed for gold bars.
Good point I see what you're saying
It is a terrible investment. That's why I buy it.
😁
What are things you have them stored in called ? ( I’m obviously new to collecting coins).
This video should help you.
Capsules are the small disk like cases and the taller ones that store multiple coins are tubes
th-cam.com/video/yJEIqKUWvIs/w-d-xo.html
@@SovereignSaurus ok, thank you! And I’m going to watch that video right now.
Coin Holder Capsules.
I wouldn't say don't buy it I would say be modest with it as there's more out there than people realize a lot more
Yes very well put 👌🏽
Buy from the pessimist, sell to the optimist 🤫
I like that
I had similar coin banks as a kid in the 50s! Memories!
Ahh interesting, thanks for commenting. Was that in the USA?
@@SovereignSaurus Yes. The faux leather book ones, my dad, an investment salesman, gave to customers. The oval metal one had a hole in the bottom to roll up dollar bills to insert. Fun times as a kid!
@@getx1265 Yes that's it. Very cool indeed
Click bait to show off your gold
🤣 Good one
Insurance
🍻
Gold isn't an investment and shouldn't be seen as such, it doesn't provide an income and may not make you profit . Thats why money leaves gold to shares/other more profitable assets in good times and flows back into gold in the bad times . Having said that it can and has outperformed other investments many times .
Yes all depends on the day you buy and the day you sell
Could go down the sovereign road. Need to watch more of your videos for education. Great video.🐀😂
Hi Shiny Precious Metals! Yes, beautiful gold coins! I've subscribed to your channel! Nice video content! 😎
It's not a bad road to take 😁
Britania is a great looking coin
Yes quite popular it seems on the whole
great video and lots of great points
Glad you think so!
I bought my first sovereign in 1990. From that point on it was about getting ever variety including half's. All the Georges and Vicky's shielded and odd. Have 2 tubes value up there considering my first sovereign cost $ 67 not bad.
Fantastic. I'm sure they'll have looked after you well in that time 😎
Is there such a coin as a 1915 5 pound sovereign
Gold fever looking at your videos.
Steady on drooling on the screen 😁
@@SovereignSaurus Got an delivery of young head and vicy with the crown.
love gold Britannias i notice one of mine has what seems like milk spotting on it any idea what it could be
if it's brown it's prob just copper spotting if it's white i have no idea lol
It could just be a greasy fingerprint? What year is it? It could be a copper spot if it's a brown or reddish colour
@@SovereignSaurus It's a 2022 I haven't handled it much. There is a white coating on Britannia herself, which can only be seen under the right light conditions.
@@AurumAce I'm not sure then. I haven't come across anything similar
I have that on a platinum brittania but it looks like something with the buffing.
Right..I'll load up on appreciating fiat.😆
😂
🤣 Don't break the eggs in one basket rule
Cheers 🥃
🍻🍿
Have you ever considered starting your own Gold Rental Business?
😂
In reality I think you'd need to take a larger deposit than it's worth otherwise unscrupulous clients may not return 🤔🤣
Rental?
@@livinthedream7714
When you pay someone for the use of something.
@@EveryCloud9999 what are they gonna do with it?
@@livinthedream7714
If you watch the whole video, you might understand what I’m referring to.
yes big mistake by me in 2018 at $1300 lol
Wish I bought more then... But still made some great decisions that did me incredibly well on the whole
@@SovereignSaurus good job, its fun when you buy right.
@@buyystocks Sure is!
An asset that generates no income is what’s known in investment terms as a wasting asset.
The fact it generates no income means it’s difficult to work out its fundamental value, therefore its price is based on speculation.
To investors an asset that costs you money to keep is known as a negative carry.
The price of gold is pretty volatile, I would say it’s twice as volatile as the S&P 500.
Gold has a high ulcer index which means it tends to have long and deep periods of drawdown.
Gold does track inflation as it is a commodity however, bread and cheese are also commodities that have tracked inflation very well.
Gold is generally seen as a good investment by those who distrust government and assume the collapse of the capitalist society we live in is imminent.
All that said, I do think gold is worth having as a small percentage of a portfolio. I had think now could be a good time to sell. Gold will drop as inflation comes down and the dollar strengthens.
I’m sure what I’ve said may come under some criticism from hardcore stackers so I won’t mention silver!
Thanks for dropping by. Appreciate the well written response. Most of those we're sticking points for me when I began investing generally and why I didn't give much attention to gold. A bit further down the line now I put a bit of the long term savings into gold though definitely not 'all in'
Physical gold is not meant to generate an income (interest), as it is money, with no counter party risk. That is one of the reasons for holding gold (and silver).
Conversely, fiat currencies deposited in a bank come with counter party risk (bank collapse). For the potential risk, depositors are meant to be rewarded with a decent rate of interest, above the rate of inflation. Not so these days. 1:02
Like cheese, gold maintains its worth over time. One ounce of gold today will roughly buy the same amount of cheese in 100 years. I'm not going to buy 58 metric tons of cheese. It will spoil and I don't own any caves. Buy bullets..heck even they go stale in 100 years.. buy land they say. I agree, however that only works until the commie government decides your 100 acres is too much land for one family and should be redistributed...you know, for equity and community farms.