Most of the reasons for stacking remain in place, and the trend continues to reinforce that very obviously since 2008. Higher and rising national debt? Yup. Increased global instability higher and rising? Yup. Increasing monetary instability? Yup. Will gold and silver be the chosen alternative comes down to the stacking choice originally made imo. But the thesis for stacking has not changed imo.
I shall continue buying gold little and often. Cost averaging will continue to minimise risk regardless of market swings if bought for the long term. My feeling is dealers will retain higher premiums if costs drop so not sure how much of a saving will be made if we ‘wait for the drop’
Nothing wrong with hitting the pause button on your bullion purchases. As for me, I’ll continue to dollar cost average. Looking forward to your Royal Mint video!
My question for The RM: When are you going to address the serious milk spotting issue on your silver coins? And... When do we get the presentation case for the Tudor Beast series?
@go4it764 Yes air isn't what causes the milk spots to occur, it can speed the process up I belive but once it's baked into the coin it will milk spot just a matter of time
@@365DaysofSilver Thanks. I would say 3/4 of my silver is 10 oz bars. I do have quite a few ML, Britannias and Austrian Phils though. I only buy coin billion on special deals or dips
I never cared about money. Never saved any of it. Just spent it as fast as I could. Then I fell in love with silver. Now I know why I did that. Money isn't real! Never was! Silver is! 🤩
I would rather have a few Silver Brits in my pocket than a briefcase full of worthless notes when I'm in the queue at the local shops for loaf a bread, pint of milk and a Mars bar when things go bad! The only thing that is tempering my spend is still those ridiculous premiums. Though some small dealers are playing a blinder!!!
Buy when you feel comfortable don't go off by what others say because at the end of the day it's your money you're putting into precious metals not theirs
I have a question for the Royal mint. Q: Why do new sovereigns and old sovereigns have such an obvious difference in hue/color when they are both the same metal composition?
Recently return a faulty coin to royalmint and I got another faulty coin in return. I already paid international shipping from Macau for the return and if I return again, it will be more than the value of the coin. What can I do? Can you help me to complain to royal mint? 🙄🙄thank you🙏🏻🙏🏻
I want to get a few more ounces, but not doing it right now. I've bought way too much over the past 2 months every time it dropped. Waiting until next month to see if the Fed raises rates again, and spot will probably fall again.
Prices have to drop by half before they go up, and when they go up, they will go up with a Bang ! Why you ask. Two reasons the world is going to a digital currency, two, some of these currencies will not be backed by anything but good faith like G7 countries and others will be backed by gold. The results will be devastating for the currencies not back by gold, gold and silver demand will go up by 10x. And one last thing, once you have a gold backed currency its just a matter of time by all commodities get priced according to what the gold price is, this way will be fair and you will have an open market and prices for everything will be priced according to supply and demand, and that is the way I see things unfold in the real world.
We had a big surge in new stackers at the start of the pandemic due to people being worried about stocks, and then later reddit drove up premiums with the silly “raids” that didn’t work. Since then premiums have been really higher than they should be (historically). I would love to see spot fall a lot, but would be even better if premiums dropped. In the mean time, I can’t blame anyone for putting brakes on
The higher energy prices really hurt premiums, and increased labor costs have not helped. We will never see premiums as low as they were before. Premiums are affected by premiums. Edit: Premiums are affected by inflation. (typo)
When silver will fall to 15 or 16 and you want to buy cheap, dealers who payed more will not sell. Everybody would like to buy. Best thing might be to buy silver CFD to go long with stryk UK when silver goes down a lot without leverage, no swap interest. And later with profits buy silver, or now buy silver and make profits dip buying with cfd. They also have demo account on your phone to test things out.
@@williamparsons6073 I meant to say that premiums are affected by inflation, but demand plays a factor for sure. In fact, increased demand is the mechanism through which an increased monetary supply causes inflation.
@@mrbmrb5822 Exactly, when silver drops people will buy, pushing the price back up. $16/oz became a new floor. I don't know that we will see it that low again. We will have to see. Stable price movements involve ups and downs with a trend, going higher each time. Sharp spikes as seen with silver in the past were not stable.
Such a sound and optimistic outlook ByB…I think we all truly needed that! I am curious if and when the Royal Mint plan on releasing a Tudors Beast Completer and what the next series will be?
I could care less what the price is in US dollars. It's gone down about 60 quid from it's record high in Sterling terms. That's not much of a fall in the great scheme of things. Strange how there are no vids when it hit an all-time high of £1592 last week.
Gold and silver will go up and down in the short term but in terms of currency there value will always trend upwards in the long term. Currency is relativley stable but will devalue almost always year on year and its value will always trend downwards in the long term.
It's quite straightforward really. Buy (anything) when the price is quite a bit below the long term trend-line, and sell when it's quite a bit above it. But most people to the exact opposite, they buy in when something is doing well (jumping on the band wagon) and sell out when it's not (panic). But back to silver and gold, they should be seen as a long term investment (at least 10 years), and the chances are, but it's not a given, that anything you buy today will be worth more in 10 years time - even if it's simply tracked inflation.
Your reasons are legit sound, especially if you've been in the game for longer with a positive cost average. Stopped with buying fractional (Dutch) gold coins a while back, hoping they'll come back some more in price like they were approx. 2 years ago. Hope you had a great time at the RM, Cheers!
Ask the royal mint why they have not bothered to introduce a Canadian style mint shield to their silver. It's the one thing that puts me off buying britannias at the moment.
Even though it’s a proprietary technology with the RCM,they should share it with the Royal mint for sure. I can’t stop buying silver maple leaf coins,I love them. Greetings from British Columbia.
I ordered some from Amazon today . I can’t post a picture but here’s the description: Capsule Tube & 20 Air-Tite H40 Direct Fit Coin Holders for 1oz Silver Eagles (Red Lid) by OnFireGuy $19.99
I have heard several stackers complain on the quality of the coins having is milk spot I think they said so much so that at least three said they will not be buying from the mint again
I hardly have faith in the market except the lesser known stocks i have very little dollars in. Little cash on hand until things drop. Im not waiting for silver to go further down than it already is even tho i think it will go down further. I think its already a sweet deal. So i am definitely buying now. Not trying to catch a knife drop bc when it drops and flies it wont be coming back down
You are too young to remember interest rates at 15%. Current rates are way behind the inflation rate. I would consider how many metric tonnes of gold the central banks are buying (lots) before deciding that a fiat currency (paper bills) have long term intrinsic value. Money in a bank not earning you interest in actually losing you money.
One thing is for sure Silver is extremely volatile when times are unknown, like now. it makes no difference to me if I buy high or low all the difference is if I buy high I just have to hold onto those bits a tad longer, but the hedge will still work
i look at it dropping in price as a hedge against the higher premiums ive paid already. I dont mind if it drops to 10 dollars a oz, ill buy a lot more then.
With the prices dropping fast. I do feel the dealers are gonna have to raise their premiums or they’ll lose money on their current stock. I’m thinking I should get a little bit before that happens.
@@sebastianj1521 how so ? I just noticed one bullion dealer online had presale RCM bars for sale yesterday but not today since the drop. They disappeared. My hypothesis is they don't want to sell it right now unless the price goes back up or they eventually will sell it if they have to hold on to it long enough.
Price drop ? Two weeks ? two days maybe! I have many questions you could ask the R.M but here's a question that I feel most people want to know... Why , can they not add a little silver to the copper , or just as with early Britannia's have the rest with silver .. to make the colour like early Sovereigns ? the tiny fraction of price between the two metals (copper &silver) would make no real difference ... but the Sovereigns would then look like gold... and they may even sell more! it's a win, win for everybody .. surely ..
Great vid BYB still ducking and diving getting bargains and avoiding the kool aid drinkers.. That 10oz lion is a thing of beauty.. Can you ask the royal mint when then next tudor beasts are out in 2023 and what are they please shout outs to the ramblers 🙌🙌🙌
prices dropped, but not the outrageous premiums/fees the dealers charge - sometimes over +20-30% of the price, ridiculous - greed, greed, greed by the dealers
find out when the next tudor beast is coming also royal arms , also does the valient come out each yr, i want it i want it i want it i want it i want it i want it i want it
Just when I thought I was a lone ranger, I find someone with the same mind set. I've been on hold for some time. I just don't think it's time to back the truck up.
You never know when it's time to back up the truck until the time has passed. You can get lucky and back it up at the right time and have a good feeling it is the right time but you never know for certain
So I do watch lots of economists and found some good ones. When silver got down to $18.50 last Nov I believe I was. I bought 225 Oz. A couple months later it got to $24.25 my lcs gave $1 over spot so I sold it all for $2.75 Oz profit. All the silver videos were saying were buying woo-hoo. I tried telling people it's coming back down. I also waited all last year to buy and saved up for that moment, now I've added that back plus the profit to the pile of fiat I'm saving for when it gets back around there. I do think the next leg up will be greater than $24. Their is just too many issues brewing in financial world to ignore. Silver will get beat down in short term. I suspect by June I'd like to have bought all back. Things going to get crazy this year.
Hope you have a good time at the Royal Mint! I would ask them why their website is so crap (e.g. the filters on any given page never display or function properly) and why they don't have real pics of their products instead of just CG ones.
The CG ones look better to fool people into thinking their products are good quality. I bought some Brittania coins and every one was spotted,it’s a shame because they put so much effort into making them beautiful in the first place but I won’t even look at them anymore. The ten oz coins I bought look great and I would buy more but I’m going to stick with RCM and Perth Mint products for the most part.
I think the premiums due to inflation take the opportunity to compensate for lower commodity prices. I feel, as time goes by, desirable pieces are becoming scarcer to acquire. Currently it's the sovereign dates that are priced too high at Chards of Blackpool, having stated that, Bullion by Post are even dearer. In my opinion sub £400 for a sovereign is a touch too expensive, but ok if the dates are on my acquisition list. Like Mr BYB it's sitting on one's hands seem to be the way to wait.
Not sure why we wouldn't just buy silver every $1/oz decrease -- This sort of sounds like you are comfortable buying silver at a higher market price, and get uncomfortable as it goes down. I personally would love Silver going down about another 20% , dipping down to around 18 and I'll buy significantly more. Perhaps you're buying silver with money you cannot afford to part with?
@BackyardBullion good morning from New Zealand 😁 there is something so enticing about a 1kg silver bar.. always good to see them in the videos. Hope the trip to the royal mint goes well 👍
The only thing that slows me down in my acquisition is the in-between space of my paychecks lol...hifive and keep on stacking
I sure hope so ! If it does reach $20 or less and OZ , I’ll be joining the silver stacking family .
You can join the stacking family now. No reason to go all in When the price drops just get a little bit here and there and it will all be okay
You can find cheap deals from private If you lucky. Recently i bought from private 45 grams 999 fine silver for only 12 swiss francs.
Start now and buy a little every month. Your cost averaging will reward you in the long run.
@@adrianciprian7889 maybe they will. Negative Nancy
I expect another 5-8% move lower before summer. Then, stack again. In the meantime, CD rates are a good buy.
Most of the reasons for stacking remain in place, and the trend continues to reinforce that very obviously since 2008. Higher and rising national debt? Yup. Increased global instability higher and rising? Yup. Increasing monetary instability? Yup. Will gold and silver be the chosen alternative comes down to the stacking choice originally made imo. But the thesis for stacking has not changed imo.
I appreciate your sensibility instead of constantly beating the drum to buy.
As the premiums are so high, price fluctuation has minimal impact unless it's a complete crash..... unlikely on the latter.
We will certainly see!
Agreed..premiums in canada have hardly moved on prices
I shall continue buying gold little and often. Cost averaging will continue to minimise risk regardless of market swings if bought for the long term. My feeling is dealers will retain higher premiums if costs drop so not sure how much of a saving will be made if we ‘wait for the drop’
Nothing wrong with hitting the pause button on your bullion purchases. As for me, I’ll continue to dollar cost average. Looking forward to your Royal Mint video!
Cost averaging is the way to go if you're bullish on the long-term.
4:15 That was the postman with another gold and silver delivery.
Certainly was! Life of a TH-camr!
My question for The RM: When are you going to address the serious milk spotting issue on your silver coins?
And...
When do we get the presentation case for the Tudor Beast series?
All my silver coins are in airtight capsules
@go4it129 won't stop milk spotting I'm afraid
@@365DaysofSilver Really?
@go4it764 Yes air isn't what causes the milk spots to occur, it can speed the process up I belive but once it's baked into the coin it will milk spot just a matter of time
@@365DaysofSilver Thanks. I would say 3/4 of my silver is 10 oz bars. I do have quite a few ML, Britannias and Austrian Phils though. I only buy coin billion on special deals or dips
Thank you Back Yard Bullion!
My old age question to the RM is when are they going to raise QC standards and how. Looking forward to your next BYB video.
I am a buyer when it’s under 22.00 bought some Friday at my LCS
I agree and I'm waiting till at least end of next week.
All I can say is hang in there friend! Stack what you can afford! Remember that it is a store of value for a long term hold! God bless!
If the prices go down will the bullion dealer just keep the premiums up for us buyers. Taking advantage?
I never cared about money. Never saved any of it. Just spent it as fast as I could.
Then I fell in love with silver. Now I know why I did that. Money isn't real! Never was! Silver is! 🤩
Love the channel been watching years now
I would rather have a few Silver Brits in my pocket than a briefcase full of worthless notes when I'm in the queue at the local shops for loaf a bread, pint of milk and a Mars bar when things go bad! The only thing that is tempering my spend is still those ridiculous premiums. Though some small dealers are playing a blinder!!!
Can you ask if royal mint going to release a gold sovereign for coronation?
Buy when you feel comfortable don't go off by what others say because at the end of the day it's your money you're putting into precious metals not theirs
Please ask them how long there current delivery times are
Can anyone tell me, where is the best place to buy Germainia's that includes the original packaging/box it comes in?
Thank you BYB for your content . Few days ago I opened a savings account with 5.25% interest. Im slowing down a bit on my PM purchases.
That's right! Time to buy.
I have a question for the Royal mint. Q: Why do new sovereigns and old sovereigns have such an obvious difference in hue/color when they are both the same metal composition?
Enjoy the Royal Mint meeting!
Everything is up 20-30 percent, my stack of tins has done very well...but silver and gold flatlined!!
I always buy the dips in Pms.
1oz Canadian Maples are $28/$30 in Vegas
For me I’m not trying to time the market I’m just buying every 2.5% dip this way I’ll get a good avg buy price over 10-20years
Premiums are still high here jn Las Vegas. 10oz generic silver bar is around $275
I’m with you on not buying anymore it can never sustain a rally
If the debt market/stock market crashes in march like its looking... what then?
Recently return a faulty coin to royalmint and I got another faulty coin in return. I already paid international shipping from Macau for the return and if I return again, it will be more than the value of the coin. What can I do? Can you help me to complain to royal mint? 🙄🙄thank you🙏🏻🙏🏻
I want to get a few more ounces, but not doing it right now. I've bought way too much over the past 2 months every time it dropped. Waiting until next month to see if the Fed raises rates again, and spot will probably fall again.
Prices have to drop by half before they go up, and when they go up, they will go up with a Bang ! Why you ask. Two reasons the world is going to a digital currency, two, some of these currencies will not be backed by anything but good faith like G7 countries and others will be backed by gold. The results will be devastating for the currencies not back by gold, gold and silver demand will go up by 10x. And one last thing, once you have a gold backed currency its just a matter of time by all commodities get priced according to what the gold price is, this way will be fair and you will have an open market and prices for everything will be priced according to supply and demand, and that is the way I see things unfold in the real world.
Rambler Society represent. Please more videos
11:24 cool
please ask them about milk spoting on some of there resent coins
is there a good way in the uk to buy without vat?
Do you still think that inflation is about 10% per year, in your experience ?
I agree that gold and silver prices will go down in coming months.
We had a big surge in new stackers at the start of the pandemic due to people being worried about stocks, and then later reddit drove up premiums with the silly “raids” that didn’t work. Since then premiums have been really higher than they should be (historically). I would love to see spot fall a lot, but would be even better if premiums dropped. In the mean time, I can’t blame anyone for putting brakes on
The higher energy prices really hurt premiums, and increased labor costs have not helped. We will never see premiums as low as they were before. Premiums are affected by premiums.
Edit: Premiums are affected by inflation. (typo)
@@Austin1990 Premiums are affected by true demand for the products!
When silver will fall to 15 or 16 and you want to buy cheap,
dealers who payed more will not sell.
Everybody would like to buy.
Best thing might be to buy silver CFD to go long with stryk UK when silver goes down a lot without leverage, no swap interest. And later with profits buy silver, or now buy silver and make profits dip buying with cfd.
They also have demo account on your phone to test things out.
@@williamparsons6073
I meant to say that premiums are affected by inflation, but demand plays a factor for sure. In fact, increased demand is the mechanism through which an increased monetary supply causes inflation.
@@mrbmrb5822
Exactly, when silver drops people will buy, pushing the price back up. $16/oz became a new floor. I don't know that we will see it that low again. We will have to see. Stable price movements involve ups and downs with a trend, going higher each time. Sharp spikes as seen with silver in the past were not stable.
Love the sentiment. Everyone is bearish. Bullish.
Such a sound and optimistic outlook ByB…I think we all truly needed that!
I am curious if and when the Royal Mint plan on releasing a Tudors Beast Completer and what the next series will be?
I could care less what the price is in US dollars. It's gone down about 60 quid from it's record high in Sterling terms. That's not much of a fall in the great scheme of things. Strange how there are no vids when it hit an all-time high of £1592 last week.
Gold and silver will go up and down in the short term but in terms of currency there value will always trend upwards in the long term. Currency is relativley stable but will devalue almost always year on year and its value will always trend downwards in the long term.
Great content.... Im also here in UK. How do you think we can make money on Silver after we pay such high VAT???
Increasing the interest rate does not decrease inflation anybody knows that😂😂😂😂😂😂😂😂😂
I agree silver and gold is going to come down over next few months and rise again towards the end of the year, especially gold as is typical .
This is a brave take, but I largely agree.
It might be time to take a break from acquiring and seeing where prices go in the next 4-6 months.
As long as we've already got some stacked up I think waiting right now might work out. If not, I've still got my stash.
I’ve scaled back a little bit thinking there will be a drop.
4.4% interest on a savings account? Must be a UK thing. Where I am you’d be lucky to get 4% on a CD
It's quite straightforward really. Buy (anything) when the price is quite a bit below the long term trend-line, and sell when it's quite a bit above it. But most people to the exact opposite, they buy in when something is doing well (jumping on the band wagon) and sell out when it's not (panic). But back to silver and gold, they should be seen as a long term investment (at least 10 years), and the chances are, but it's not a given, that anything you buy today will be worth more in 10 years time - even if it's simply tracked inflation.
Your reasons are legit sound, especially if you've been in the game for longer with a positive cost average. Stopped with buying fractional (Dutch) gold coins a while back, hoping they'll come back some more in price like they were approx. 2 years ago.
Hope you had a great time at the RM, Cheers!
Ask the royal mint why they have not bothered to introduce a Canadian style mint shield to their silver. It's the one thing that puts me off buying britannias at the moment.
Even though it’s a proprietary technology with the RCM,they should share it with the Royal mint for sure. I can’t stop buying silver maple leaf coins,I love them. Greetings from British Columbia.
Where did you get that clear coin tube for silver 1 ounces? It's beautiful 😍
Edit to add I'm in the UK and struggled to find them
I think the coins are individually encapsulated & then shrink-wrapped into rolls of 10. I have several of them 👍
I ordered some from Amazon today . I can’t post a picture but here’s the description: Capsule Tube & 20 Air-Tite H40 Direct Fit Coin Holders for 1oz Silver Eagles (Red Lid) by OnFireGuy $19.99
10 years stacking. More than my body weight
Thanks👍 its so true, nobody really knows
Have a great time at the Royal Mint. That's awesome!
I have heard several stackers complain on the quality of the coins having is milk spot I think they said so much so that at least three said they will not be buying from the mint again
Yes, it's silly quite frankly that they think their lack of custom will make a difference
Apart from2 x 1/4oz Yales I've been holding off. I want some memorial sovs but might wait a wk or two
I hardly have faith in the market except the lesser known stocks i have very little dollars in. Little cash on hand until things drop. Im not waiting for silver to go further down than it already is even tho i think it will go down further. I think its already a sweet deal. So i am definitely buying now. Not trying to catch a knife drop bc when it drops and flies it wont be coming back down
You are too young to remember interest rates at 15%. Current rates are way behind the inflation rate. I would consider how many metric tonnes of gold the central banks are buying (lots) before deciding that a fiat currency (paper bills) have long term intrinsic value. Money in a bank not earning you interest in actually losing you money.
I'll quit when I reach 1000 oz silver and 20 oz gold. I'm at 682 and 5 ...have a ways to go.
One thing is for sure Silver is extremely volatile when times are unknown, like now. it makes no difference to me if I buy high or low all the difference is if I buy high I just have to hold onto those bits a tad longer, but the hedge will still work
Same time every year it all drops. But shoots back up ! Buy on the drop everytime !
Royal Mint? Strike your own and get it graded ?
i look at it dropping in price as a hedge against the higher premiums ive paid already. I dont mind if it drops to 10 dollars a oz, ill buy a lot more then.
With the prices dropping fast. I do feel the dealers are gonna have to raise their premiums or they’ll lose money on their current stock. I’m thinking I should get a little bit before that happens.
They don't loose when price go down as all silver and gold are hedge when they buy stock . So for them not ryally any risk
@@sebastianj1521 how so ? I just noticed one bullion dealer online had presale RCM bars for sale yesterday but not today since the drop. They disappeared. My hypothesis is they don't want to sell it right now unless the price goes back up or they eventually will sell it if they have to hold on to it long enough.
Some dealers are more concerned with new price to acquire more
Price drop ? Two weeks ? two days maybe!
I have many questions you could ask the R.M but here's a question that I feel most people want to know...
Why , can they not add a little silver to the copper , or just as with early Britannia's have the rest with silver .. to make the colour like early Sovereigns ? the tiny fraction of price between the two metals (copper &silver) would make no real difference ... but the Sovereigns would then look like gold... and they may even sell more! it's a win, win for everybody .. surely ..
The premiums for silver bullions are still quite high at least in Switzerland where i live. I buy mostly only junk silver.
They have come down some in the USA
Great vid BYB still ducking and diving getting bargains and avoiding the kool aid drinkers.. That 10oz lion is a thing of beauty.. Can you ask the royal mint when then next tudor beasts are out in 2023 and what are they please shout outs to the ramblers 🙌🙌🙌
It’s a shame the premiums don’t drop more
preimuns will/could offset falling spot
Is that a small milk spot on the lion’s back?
prices dropped, but not the outrageous premiums/fees the dealers charge - sometimes over +20-30% of the price, ridiculous - greed, greed, greed by the dealers
Have a fun day at the RM.
Fook that... I ain't stopping baby....🤙🤙🤙🤙🤙🤙🤙🤙
Very good
If you think 4 % is a good annual return you can get with CD's now.
nice pieces :-)
Good share. Stay strong. Our FIATs are failing. Worse case scenario our kids will be happy 😊
I agree with you...
Brakes are on the bullion buys but picking up the odd quality proof
find out when the next tudor beast is coming also royal arms , also does the valient come out each yr, i want it i want it i want it i want it i want it i want it i want it
There is no money in silver
Of course PLEASE ASK the RM why is there quality is 1 of the worse for milk spotting and poor quality??
As you said this, I became mesmerized by the British Lion and bought one before the video ended 😂
Just when I thought I was a lone ranger, I find someone with the same mind set. I've been on hold for some time. I just don't think it's time to back the truck up.
You never know when it's time to back up the truck until the time has passed. You can get lucky and back it up at the right time and have a good feeling it is the right time but you never know for certain
$17.20-$19.50 is 100% possible... outside chance of $15.15... 11.63 best/worst case scenario / long term trend line
One of the few level minded silver channels out there I'm over the to the moon silver channels they are just full of it
DCA for life. ☺️
So I do watch lots of economists and found some good ones. When silver got down to $18.50 last Nov I believe I was. I bought 225 Oz. A couple months later it got to $24.25 my lcs gave $1 over spot so I sold it all for $2.75 Oz profit. All the silver videos were saying were buying woo-hoo. I tried telling people it's coming back down. I also waited all last year to buy and saved up for that moment, now I've added that back plus the profit to the pile of fiat I'm saving for when it gets back around there. I do think the next leg up will be greater than $24. Their is just too many issues brewing in financial world to ignore. Silver will get beat down in short term. I suspect by June I'd like to have bought all back. Things going to get crazy this year.
If the debt market/stock market impodes in march... then what
Hope you have a good time at the Royal Mint! I would ask them why their website is so crap (e.g. the filters on any given page never display or function properly) and why they don't have real pics of their products instead of just CG ones.
The CG ones look better to fool people into thinking their products are good quality. I bought some Brittania coins and every one was spotted,it’s a shame because they put so much effort into making them beautiful in the first place but I won’t even look at them anymore. The ten oz coins I bought look great and I would buy more but I’m going to stick with RCM and Perth Mint products for the most part.
I think the premiums due to inflation take the opportunity to compensate for lower commodity prices.
I feel, as time goes by, desirable pieces are becoming scarcer to acquire.
Currently it's the sovereign dates that are priced too high at Chards of Blackpool, having stated that, Bullion by Post are even dearer.
In my opinion sub £400 for a sovereign is a touch too expensive, but ok if the dates are on my acquisition list.
Like Mr BYB it's sitting on one's hands seem to be the way to wait.
Not sure why we wouldn't just buy silver every $1/oz decrease -- This sort of sounds like you are comfortable buying silver at a higher market price, and get uncomfortable as it goes down. I personally would love Silver going down about another 20% , dipping down to around 18 and I'll buy significantly more. Perhaps you're buying silver with money you cannot afford to part with?
Hello
Hello!
@BackyardBullion good morning from New Zealand 😁 there is something so enticing about a 1kg silver bar.. always good to see them in the videos. Hope the trip to the royal mint goes well 👍
You know they are going to run out of silver soon. When the FED buys I buy.
Dollar cost average
Have fun at the mint.
They haven't gone down much
Greedy premiums are robbing many people of the opportunity to insure their wealth in this time of need.