This Is Why You Should Be VERY Worried If You Do NOT Have Gold - How High Will Gold Go?
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- เผยแพร่เมื่อ 30 พ.ค. 2024
- #gold #silver #stacking
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Welcome to our channel where we explore the fascinating world of finance, investments, and the future of wealth. In this video, we delve into the timeless allure of gold and its potential role in shaping tomorrow's economy.
Gold has been revered for centuries as a symbol of wealth, stability, and value preservation. But what does the future hold for this precious metal in an ever-evolving global economy? Join us as we uncover the potential of gold as a cornerstone asset in the years to come.
We'll examine the current economic landscape, geopolitical tensions, and emerging trends that could impact the demand and value of gold. From technological advancements to shifting consumer behaviors, we'll explore how these factors may influence the future trajectory of gold prices and investment opportunities.
Whether you're a seasoned investor or someone curious about the dynamics of precious metals, this video offers valuable insights into the role gold could play in safeguarding wealth and diversifying portfolios in the future.
Don't miss out on this thought-provoking discussion about the potential of gold in tomorrow's economy. Hit the play button now and join us on this journey of exploration and discovery. Subscribe to our channel for more insightful content on finance, investments, and the future of wealth.
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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. - บันเทิง
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Like it.
@@philipbant657I like that you like it.
Gold always feels expensive at the time when you buy it, smugness is a much later feeling.
That beautiful 2010 1oz britannia is my supreme smug moment.
Totally agree buddy. It's a crazy world
I bought gold at $300 US. It was $800 when it got stolen.
Ouch!
was it stolen by the fish in the boating accident like mine was? Never saw it again....
@@BackyardBullionsell me that queens beasts lion coin
I bought into Bitcoin at £300 and sold at £1200, then it went on to well past £40,000 which I never saw coming so yes you can buy at all time highs and still have the bull run keep going.
Nice one!
In 1964 I could and did buy gold sovereigns from Chard at £4.50 each, today the intrinsic value is £450. So 100x in 60 years 😮
get on board quick before you miss the boat - i am now transitioning my cash savings into gold 1oz at a time whatever the price. i will just buy more if the price drops.
Nice one, good to know.
Keep both gold & silver and buy regularly.. If you are "lucky" on a dip or "unlucky" on a top then just track the price you paid over time and you will most likely see a long term, upward trend as I have over the past 4 years. I track each coin so that I can see how each is performing from latest price. The aggregated amounts give me my portfolio valuation and gains overall. Yes some are in a loss for a while but others are gaining over time.
So true. Three years ago I bought a quantity at around £1450/oz - which was at the all time high for that period. For the next 2 years I watched the prices with little interest and then the reality of our world situation started to grip and now look where we are. Gold was an easy investment for me because of its track record. Over the long term it always comes out on top as a safe place to build your retirement fund. Gold may have a few corrections but looking ahead it is the most 'likely' commodity to at least keep track with inflation and safeguard retirement :)
Buy, forget and 20 years later you are all good.
@@BackyardBullion I started in 2016, full sovereigns were £217, I'm more than happy with my recent purchase of sovereigns at £400 and £450 for 1/4oz britannias
I started stacking Silver in 2017 and Gold in 2018 and more than happy with the way the Yellow metal has performed and now confident that after a few heartaches, Silver will prove to be a good investment in the next couple of years. Though its getting harder to add to my Gold stack I am still adding a couple of Sovereigns each month and have no intention of stopping for the moment. My personal belief is that you wont recognise the world by the end of this decade...and not for the better, so building for 20 years is a waste of time and planning a much shorter timeframe of collecting. Keep it safe, keep stacking and prepare for things that will stretch your mental, physical and spiritual strength beyond what you can imagine. On that happy note enjoy yourself....its later than you think!!
Apparently there are more than 150 trillion dollar equivalent of portfolio investment throughout the world including bonds , equities ect...
Of the 150 trillion invested currently less than 1% is allocated to gold
A 1% move towards the historical allocation means 23,300 tons of gold will be required.
Think golds gonna stay at this price when we mine roughly 3000 tons a year worldwide....
That's a very telling set of statistics!
@@BackyardBullion and as you know BYB gold can not be printed and with physical gold, number on a screen can not be increased.
Gold & silver are money, fiat currency is only deemed to be of value because a government declares it 🫣😂
Wow ... My comment got deleted by TH-cam 😳
No stopping point, if you still have disposable currency.
Totally agree.
Totally agree
Just here to remind fellow Brits that you pay VAT(sales tax) on silver, meaning it's 20% more expensive. Gold, platinum and others are VAT free
Platinum attracts 20% VAT too.
@@daviniarobbins9298 oh, for some reason I thought that was stopped, DOH. Thanks for the correction
I wonder though, do you pay VAT if you pay for loads of silver with a small amount of gold? Is that a trade or a purchase? Also would it matter if the gold you are paying with is legal tender or not.
@@jammypencils8295 i mean, VAT id only charged on sales by VAT registered companies. Do private sales and trades would always be VAT free. As for trading gold for silver to a business, the way it will be done on paper is they but you're gold, which they don't pay VAT on because the purchaser is a business, and "give" you the money, then you will buy the silver with that money. Meaning yes, you will still pay VAT
I bought a gold 1oz Canadian Maple a few weeks ago I'm happy with it
I've been waiting for gold to dip. I imagine I'm not on my own
Paper price does not matter my friend
You might be waiting for a while!
@@BackyardBullion It was 'dipped' in today's terms, whilst I was waiting
Did you learn the lesson here: You can't time the market. Don't do that again.
Certainly not Karl..
I looked into the gold dealer prices last week and spoke personally to 2 London companies. Look on there Web sites, they are running out of stock! To that end; I've been offered spot and 1% under with another company. It's a sellers market with decent companies! In regard to junior miners, be careful it is a risk, but get that 1 in 10 junior, it could be massive return! Just do your homework 👍
What's a junior miner?
Small mining company. Thanks for sharing your thoughts Stephen!
I'm not tempted to sell. Its interesting watching the price at the moment Safeguarding
Thanks BYB👍🏻
Good time to sit back and enjoy the gold you already have!
Gold and silver are two very different metals and silver is no longer the cheaper option. Silver is now seen more as an industrial metal and during times like now when production is down silver prices suffer so is highly unlikely to return to the days when coins were silver. I’ve been buying and selling since 2011 when silver hit $50 and has never reached anything near it. Gold has been reclassified as a monetary metal by the international bank of settlements (central bank’s central bank) and along with the dollar is the only tier one asset so is bought by hedge funds and pension plans. Gold might be expensive but people are better off buying a gram of gold than a tube of silver every time. It took 12 years of holding silver to finally offload it and buy gold only. I’ve learned this lesson the hard way after nearly two decades of trading and 13 yrs of precious metals. Silver also carries 20% VAT and is not capital gains free like royal mint gold coins. Buy silver to collect and because you like the coin but if you want to protect your wealth then gold is the only option. Don’t even go near platinum or palladium it’s unpredictable, purely industrial with very few uses and virtually impossible to sell
Very well said sir, fully agree with you..😊👍🏻👍🏻
Yeah I sort of feel the same. Might start offloading some silver now that I'm way up.
Silver is capital gains exempt as long as its coins produced by the royal mint. Same as gold
I wouldnt be selling any gold until 1 or 2oz buys you a car, or 15oz buys a house. Yes people might find that crazy just now, but at the end of the day gold is insurance for the type of monetary mayhem such a scenario would indicate.
Only been "in it" for a couple of years, sovereigns less than £400. But a best buy sovereign at £584. I think I will hang on and hope for a little dip.
Nice one again BY.
Be careful buying at ath if you bought silver in 2011 you'd still be underwater 13 years later if you bought it in 1980 you'd still be underwater 44 years later. Having said that i think gold has a way to climb yet but that's just my opinion be be very careful
My strategy is to buy Best value bullion coins. Silver is not for me due to the VAT element unless it's bought on the secondary market. I drip feed into coins over time and the reason is very simple. The UK debt is £2.65 trillion and last year we spent more on paying the interest alone that we did on the entire education budget. This gets even worse when you take into account Public sector Pension liabilities increases out debt to close on £6 trillion.
This will increase when Labour are elected come next eletion and they will borrow even more. All fiat currenecies are in the same boat, US Dollar, Japanese Yen, Euro, Chinese Yuan etc etc etc and within the next 5-10yrs countries will be forced to de-value.
Nice Video. Unrelated Question:
If I am on holiday and buy small 10g gold bars. What is the limit for bringing into UK? is it under the 10K cash allowance?
You can bring in as much as you like, but over £10k in value you will have to declare it
Your happy to be holding some gold when its at all time highs, and why would you ever want to sell it, and for what? And we would all be very happy if the price crashes so we can pick up some more, gold is good whatever it does.
Totally will be holding for a while. Thanks for stopping by and commenting!
I'm a newbie and even I hope gold drops 50% so I can buy alot more however , I don't think we will see less than £1800 again
@@jonh8125 it will be interesting to see what happens when Israel/Ukraine wars end.
@@properjob2311 when Iran attacked Israel the PAXG gold stable coin shot up to almost $3000 before dropping like a stone.
I'd be more concerned about the inflation lie. Month over month here in the UK it's gone up 0.6% Feb and march.
If April also shows an upward trend it could be a cause for concern.
But countries are in debt upto there eyeballs and for all intents and purpose they are insolvent.
The rate they keep devaluing the currency the dollar , pound, euro, yen will be confined to the history books as yet another fiat currency that failed.
You sell it, to get money, to buy assets with underlying cash flows.
another great video, like you I bought 4 5g bars on sale from RM, definitely consider selling now to get the 1oz buffalo im desperate for
i want a buffalo! they look so beautiful so expensive in the uk though.
silly way to buy gold; paying a premium twice.
run to your home, fall upon your knees, and pray to your god to give you some common sense.
@@DrSchor i see what you are saying but some peole dont have the funds so have to start somwhere
Retaining the same amount but swapping a percentage of low grade and bullion for top notch 70 grades. Buy what you enjoy as well as stack.
Ho dear 4th video today promoting this company
Why is this a problem? It's called advertising. I don't understand.
@@BackyardBullion I watch yours and others for precious metals for me investing in the stock market is a totally different and dangerous game your not called influencers for nothing.
please don’t take it personally just my view.
I love you channel 👍
I keep slowly buying, the potential is still huge as I believe we could see a £ 2200 mark by next year easy, or a £3000 by 2026, if that printing fiat currency doesn't hit the stop button. Than again it might go down for a few years just like happend between 2011 to 2015, but DCA is the common rule so...I still buy a Sov, here and there...🤷♂️
Totally agree. When you consider the UK debt currently stands at around £2.67 trillion. We spent more on the debt interest last year than we spent on the entire education budget. Now add to that debt the Public sector Pensions liabilities and our dent stands at close to £6 trillion. Our currency ,like the Dollar,Euro, Yen and Yuan are fcuked in the medium term and there will be a lot of countries (us included) de-valueing and going back to the Gold standard. I don't see a Digital currency working personally..................... My prediction is £2,200+ by Christmas and on an upward trend . Global Politics and debt will drive it. IMO you have the right strategy. I'm no expert but I correctly predicted every recession we have had in the past 30+yrs including the 2008 GFC.
All the best to you.
There will be a bigger risk holding fiat than gold in the future so like you I'm happy to hold gold and silver. Crypto col
Wait till you see the new paradigm on silver
Atkinson site down as gold dips 🤔
What should the real price of gold be??? If it wasn't for severe manipulation, some pundits have suggested a price between $10-20k with Silver @ $300-400.
Mind you, at those prices, what sort of inflationary rate will be prevailing!!
You say that, but take the paper gold and silver out of the equation then these figures wouldn't even get close to where it should be.... the paper stuff is ultimately worthless if it came to calling in time for the physical stuff
gold is always worth exactly what someone will pay you for it. you will feel better with a tin hat.
@@DrSchor You mean whatever JP Morgan sets the price at!!!
Great content. Crypto col
If you have seen my latest vid, that guitar cost me 2 1/2 Sov's last year it would have cost 3 1/2 Sov's!!
Oof, that shows the difference for sure!
Silver is a better insurance play in reference for gains.
I have enough gold, even if gold doubled to $5000 an ounce then silver is going to quadruple.
2x versus 4x?
Buy any in fiat dollars today!
Win Win either way 👍
Silver is better than gold. Why buy gold at all time highs while Silvers historical ratio to gold is way off and is only half of its all time high from 1980. Silver is a monetary and industrial metal. Gold has minimal usage other than being stored away in vaults.
vault storage is all the useage it needs, you silly goose
Look at the historic price of silver. It's performed horribly. Not sure why you'd want it over an index fund.
@@monkey39128 Because the banksters rig the price. True price discovery is coming. We’ve been in silver deficits for years now. Look at the paper to silver ratio at 396 to 1 physical oz.
Like 69🎉 Great video BYB, definitely will buy more if I can...
Good to hear!
I dont want to comment on my thoughts for gold as it makes it easier for hmrc to track trends and tax them. Secret squirrel.
5K to 10K are potentially possible.
AS IT'S CRASHING !!!!!!!!!!!!!!!!!!!!!!!!!
1900 ish a oz and the new normal a bargain up 10 percent a year even without crazys up guarnteed be 2100 ish by next year going by every year so far grab now and dont moan later
It's gonna keep going up over time. You can't worry about what you used to pay.
@@BackyardBullion right i was like buying sovs at 380 ish december time now 450-460 still buying
Who cares about gold and silver
World is gonna end soon anyways
Stock up on food and ammo