My sovereigns don’t give me an income but they do save me money by not going out and spending money ( I just enjoy staying home, playing and looking at them🎉). I save lots of money by doing that 🤣. Thanks, as always.
Iv watched and read alot online. I am 30 .I have a small amount of cash savings. I have a small amount of stock . But in the next week I'll be starting to buy in incremental bits of gold. My first buy is likely to be five half sovereigns. Thank you for the videos .
Gold price to me doesn’t matter because gold always holds its value, fiat currency fluctuates and doesn’t have a good track record of consistent purchasing power. I’ve been at it since 1986 and gold has never disappointed. Cheers 🥃
In the uk people have not had a payrise since the early 1980s when you factor in inflation and price rises, the buying power of the British pound decreases significantly every year.
I've not thought too much about what it might do. I like collectibles investing which is very risky so I like having gold (and silver) as something safer that I invest in at the same time. I love collectibles but they aren't as steadfast as gold and never will be. If it keeps up with inflation I'll be happy. Anything else is a bonus.
My expectations are to have some wonderful pieces like yaself, you give me drive to buy more, im happy to collect and sit on and pay whateva the todays price as we will never loose money hopefully, my way of saving as i carnt save cash, awsome video pal, keep up the good work 👌👍
Gold is like an insurance, against hard times. As long as it conserves wealth over the long term and is available for a time it may be needed, it is a success. It of course is nice if it also appreciates in real terms, but that isn't always certain.
i wanted it to stay around £1580 spot and get to 20oz but end of the day you gotta just pay what it is and treat it like the s&p and just keep stacking at any cost
@@SovereignSaurus have you ever had problems buying gold, my bank blocked me from buying 2 gold coins recently and made me think of how you managed to buy 100 sovs!
Like 32🎉 Great video, today gold spot price is £53, better than last year, next year or in 5 -10 or 20 years will be much better. Good choice stacking gold, buddy.
The gold price has almost doubled since I started buying in 2019, part of the reason I sold off a lot of my gold. I’d like to rebuild my stack so I wouldn’t mind if it went down but I still have a lot of gold left so I don’t mind if it goes up or stays the same.
another thought provoking video, want gold to remain at £1650 then cashing out a quite few bullion Oz's and dare I say it some sovs. Looking forward to your opportunity cost video comparing gold vs other investments. As you stated gold has not done so well compared to other investments unless you timed purchasing in dips and sold on highs. The other issue is that its difficult to enjoy gold as you need to keep deep storing and retrieving in case of theft. i really enjoy physical gold and its a great hobby, collecting, learning and a long term safe haven for storing money but i don't believe many would deem it a way to turn over large sums of money ( unless your a dealer ). Keep up the great work and a lovely backdrop some really beautiful coins
@SovereignSaurus I always appreciate you taking the time to reply and make your informative videos. Look forward to your next video. Keep up the brilliant work
The price isn’t HUGELY important to me. I would rather have cash than gold, so when i need money i take it out the gold rather than the bank! Having said that as you know i plan to pay off my mortgage this year so higher the better by November then a huge crash 😂
@@SovereignSaurus just realised - i meant to say i would rather have gold than cash 😂 When the price soars like this i always wish i had never sold a bean, but ultimately the gold i have sold has served its purpose for me and saved me taking funds from elsewhere like an ISA
@@SovereignSaurus This week I went for loose proof sovereigns, and got 8 different dates, some of which closed my 1983 - 1993 gap, and as a bonus my local coin man saved me 2 Victoria shield back half sovs. By the time I received the proof sovereigns the price would have cost me a further £100.
It's about buying power, if 13 oz buys a nice car now it should buy a nice car in 30 years, its not about profit, its about value. No point leaving 20k in the bank for 30years. I'd like to see it come down to 13500 like 3 years ago, I don't like buying in an all time high market..with ratio to silver at near 90-1 I'd be buying silver if we didn't have VAT but that said I don't bother with silver, its a pointless asset unless you started 20years ago..
yes a little dip would be nice! lol but in generalit just protecting my saving from me! my plan is a top up to my retirement and also hopefulley a large pot left over to pass down to my children.
Id like it to stay relatively low for next ten year for accumulation, then raise dramatically over next 30 years then i dont care as ill be dead, but i dont think it will do that. For me buying gold is spending without spending and will help in retirement
I was gonna say similar. It's much more volatile than cash however by purchasing gold you feel you have brought something with your cash but after losing the premium it will hopefully hold its value.
If you want a real life example of what gold has done. In 2004 it cost me $500 AUD (1 weeks wage) per ounce while I was working as a lifeguard in a theme park. Now with a teaching degree and teaching job it costs $3250 AUD (just under 3 weeks wages) per ounce. Do you see what's happening?
My experience with gold is that it isn't exactly the same each year and it depends a lot on when you bought too, times when it out paces and times when it lags
My sovereigns don’t give me an income but they do save me money by not going out and spending money ( I just enjoy staying home, playing and looking at them🎉). I save lots of money by doing that 🤣.
Thanks, as always.
Well said
I feel the same. I satisfy my over consumerism and still i don't loose money.
Iv watched and read alot online. I am 30 .I have a small amount of cash savings. I have a small amount of stock . But in the next week I'll be starting to buy in incremental bits of gold. My first buy is likely to be five half sovereigns. Thank you for the videos .
Cool sounds like you're doing well 👍🏼
Turn paper into gold ,,😅,I remember buying 4 sovereigns for £100 , now be lucky to buy 3 for £1000😮
Yes £330 a coin seems a long way in the past
Gold price to me doesn’t matter because gold always holds its value, fiat currency fluctuates and doesn’t have a good track record of consistent purchasing power. I’ve been at it since 1986 and gold has never disappointed. Cheers 🥃
🍻 Coming up on 40 years congrats
In the uk people have not had a payrise since the early 1980s when you factor in inflation and price rises, the buying power of the British pound decreases significantly every year.
You certainly need a lot more of them to buy most things
I've not thought too much about what it might do. I like collectibles investing which is very risky so I like having gold (and silver) as something safer that I invest in at the same time. I love collectibles but they aren't as steadfast as gold and never will be. If it keeps up with inflation I'll be happy. Anything else is a bonus.
It has to be one of the top things for collectors like you say. There's some value to it always
My expectations are to have some wonderful pieces like yaself, you give me drive to buy more, im happy to collect and sit on and pay whateva the todays price as we will never loose money hopefully, my way of saving as i carnt save cash, awsome video pal, keep up the good work 👌👍
Looking back at the past gold has performed reasonably well In the longer term. Hope it looks after you well in the future
Gold is like an insurance, against hard times. As long as it conserves wealth over the long term and is available for a time it may be needed, it is a success. It of course is nice if it also appreciates in real terms, but that isn't always certain.
Well put
i wanted it to stay around £1580 spot and get to 20oz but end of the day you gotta just pay what it is and treat it like the s&p and just keep stacking at any cost
In reality we're only 3 or 4% above that
@@SovereignSaurus have you ever had problems buying gold, my bank blocked me from buying 2 gold coins recently and made me think of how you managed to buy 100 sovs!
a dip would be nice, I only have 2 sovs
Yeah 👌🏽
Like 32🎉 Great video, today gold spot price is £53, better than last year, next year or in 5 -10 or 20 years will be much better. Good choice stacking gold, buddy.
Thanks Wolfie
The gold price has almost doubled since I started buying in 2019, part of the reason I sold off a lot of my gold. I’d like to rebuild my stack so I wouldn’t mind if it went down but I still have a lot of gold left so I don’t mind if it goes up or stays the same.
Win win win 😁
My expectation for gold is that when it comes time to liquidate at retirement, it will have gained in value enough to supplement my income.
Good plan 👌🏽
(before watching video) MOON!
🤣🚀 Had a good finish to the week
another thought provoking video, want gold to remain at £1650 then cashing out a quite few bullion Oz's and dare I say it some sovs. Looking forward to your opportunity cost video comparing gold vs other investments. As you stated gold has not done so well compared to other investments unless you timed purchasing in dips and sold on highs. The other issue is that its difficult to enjoy gold as you need to keep deep storing and retrieving in case of theft. i really enjoy physical gold and its a great hobby, collecting, learning and a long term safe haven for storing money but i don't believe many would deem it a way to turn over large sums of money ( unless your a dealer ). Keep up the great work and a lovely backdrop some really beautiful coins
Good points it might be doing you a bit of a favour of you're planning on cashing out, quite a large move the last 2 trading days
@SovereignSaurus I always appreciate you taking the time to reply and make your informative videos. Look forward to your next video. Keep up the brilliant work
Just bought the 1924 sov M ngc ms 63 + from BbP....for £812 any thoughts?
Very nice 👌🏽
I want it to go down so that i can buy more, then, when ive spent out, I want it to go up. Just edging against inflation for my kids and grand kids.
Nice 👍🏼
Go up. But not quickly. Sudden increases tend to beget sudden drops as profit is taken.
👍🏼
The price isn’t HUGELY important to me. I would rather have cash than gold, so when i need money i take it out the gold rather than the bank!
Having said that as you know i plan to pay off my mortgage this year so higher the better by November then a huge crash 😂
Good points. If the price pushes much higher it might tempt a few sellers
@@SovereignSaurus just realised - i meant to say i would rather have gold than cash 😂
When the price soars like this i always wish i had never sold a bean, but ultimately the gold i have sold has served its purpose for me and saved me taking funds from elsewhere like an ISA
right now if gold could be acquired at 4 sovereigns for £1000 I could pick up a couple of desirable 1oz without any problems
Yeah would be nice for shopping at those prices
@@SovereignSaurus This week I went for loose proof sovereigns, and got 8 different dates, some of which closed my 1983 - 1993 gap, and as a bonus my local coin man saved me 2 Victoria shield back half sovs.
By the time I received the proof sovereigns the price would have cost me a further £100.
It's about buying power, if 13 oz buys a nice car now it should buy a nice car in 30 years, its not about profit, its about value. No point leaving 20k in the bank for 30years. I'd like to see it come down to 13500 like 3 years ago, I don't like buying in an all time high market..with ratio to silver at near 90-1 I'd be buying silver if we didn't have VAT but that said I don't bother with silver, its a pointless asset unless you started 20years ago..
Very well put 👍🏼
yes a little dip would be nice! lol but in generalit just protecting my saving from me! my plan is a top up to my retirement and also hopefulley a large pot left over to pass down to my children.
Fantastic 👌🏽
Id like it to stay relatively low for next ten year for accumulation, then raise dramatically over next 30 years then i dont care as ill be dead, but i dont think it will do that. For me buying gold is spending without spending and will help in retirement
Spending without spending 👌🏽😁
@@SovereignSaurus I get my need for new shiny stuff without loosing my arm or leg or both
Nice bro 🤙
🤙Thanks
I want Gold to drop to 10 dollars an oz so I can buy as much as possible 😂
Haha there might be a queue
The gold price hasn't gone up with inflation. If you bought a 1oz gold coin 2 years ago you have lost out to inflation by about £82.
Ouch!😢😢
I was gonna say similar. It's much more volatile than cash however by purchasing gold you feel you have brought something with your cash but after losing the premium it will hopefully hold its value.
If you want a real life example of what gold has done. In 2004 it cost me $500 AUD (1 weeks wage) per ounce while I was working as a lifeguard in a theme park. Now with a teaching degree and teaching job it costs $3250 AUD (just under 3 weeks wages) per ounce. Do you see what's happening?
My experience with gold is that it isn't exactly the same each year and it depends a lot on when you bought too, times when it out paces and times when it lags