Gold Soars Upwards, But Will SILVER Go To Infinity And Beyond!?

แชร์
ฝัง
  • เผยแพร่เมื่อ 14 ธ.ค. 2024

ความคิดเห็น • 102

  • @anthhub
    @anthhub 8 หลายเดือนก่อน +25

    If you buy gold or silver today, in 10 years you will be glad you did. In 10 weeks you may feel you could have bought lower, but in 10 years time you will wish you bought more.

    • @ScottWalker-k7l
      @ScottWalker-k7l 8 หลายเดือนก่อน +1

      Just wait until they see what they could have made in the sp500 in the same time. Silver has its place, but it's not in the business of making you money.

    • @BackyardBullion
      @BackyardBullion  8 หลายเดือนก่อน

      It should be a small part of a big portfolio

    • @oysterman962
      @oysterman962 8 หลายเดือนก่อน

      I think the current over inflated price of gold in the past month is mostly hype driven rather than the gloomy economic down turn. Although the financial system is broken I think social media has generated a lot of artificial hot air and fomo. Just like toilet paper during Covid. I would wait until the dust settles from all the momentum of aggressive stacking based on nothing more than rumours and fear mongering as there is already signs of push back on gold prices.
      If you want a more conservative and consistent way of gold accumulation, why not buy one gold sovereign every month or 6 months until you retire, depending on your budget. Use it as a form of secondary superannuation that won't require ongoing management fees.
      I started my gold buying journey 10 years ago after watching James Bond movies and reading Ian Fleming's novel, From Russia with Love, when Q issues Bond with an attache case with a hidden compartment containing 50 gold sovereigns. It inspired me to purchase a half sovereign every fortnightly pay. I then ventured into ancients and other gold coins. I endured this for a year and ended up with 26 gold coins from ancient Roman to Napoleon Francs and Spanish Escudos. I found a hobby in researching history through my coin collection and at the same time this was the best way to save. Taxing my own income by squirreling away some gold each pay cycle. It was affordable, enjoyable and educational. Also the hunt for a different variety of world coinage kept me interested instead of if I had just collected bullion or sovereigns which would have been too monotonous for my enthusiasm to last. Recently I did purchase a lump of gold bullion but it didn't give me the same satisfaction as if I had bought 6 historical gold coins as an alternative and learning about the Byzantine period or merchants of Venice through the story telling behind the coinage

  • @DR00.00
    @DR00.00 8 หลายเดือนก่อน +12

    Not sure if it's just me but I have trouble navigating the silver forum. Just too much text that sends my brain in a spin.🤯 Can you do a video on how to search and purchase from there?. Thanks.

    • @BackyardBullion
      @BackyardBullion  8 หลายเดือนก่อน +1

      I will have a think about it

  • @asheland_numismatics
    @asheland_numismatics 8 หลายเดือนก่อน +1

    I love the look, and sound of those sovereigns loose in your hand! Quite satisfying!

  • @wasillastacker
    @wasillastacker 8 หลายเดือนก่อน +3

    Just bought a quarter ounce Britannia on Friday for $588 the same website today has it listed for $612

  • @TomokosEnterprize
    @TomokosEnterprize 8 หลายเดือนก่อน +5

    Hellooo my dear old friend. Considering we started pouring at about the same time you have surpassed me by thousands of sub's and acquiring far more gold I see. You took a leap of faith deciding to go this route and I am pleased to see your efforts are being rewarded 10 fold. A big hug for you and that brave lady you have here on this adventure eh.

    • @BackyardBullion
      @BackyardBullion  8 หลายเดือนก่อน +1

      It has been a long road for sure, good to hear from you my friend!

    • @TomokosEnterprize
      @TomokosEnterprize 8 หลายเดือนก่อน +2

      @@BackyardBullion Hey, Are you jumping on this silver spot happening these days. $3.00 in a day is a lot of silver to wonder about eh. Buy is my thoughts on this one eh.

  • @alanwatkins3389
    @alanwatkins3389 8 หลายเดือนก่อน +12

    I think it’s silver from now on

  • @KYHStacking
    @KYHStacking 8 หลายเดือนก่อน +5

    Silver’s price soaring is amazing to be honest, I’m only buying silver for the next few months. Great video as always mate!

    • @BackyardBullion
      @BackyardBullion  8 หลายเดือนก่อน +1

      Thanks for watching and sharing your thoughts!

  • @seminumismaticguy8575
    @seminumismaticguy8575 8 หลายเดือนก่อน +3

    Purely by looking at charts: since the end of gold standard silver outperforms gold very infrequently and even then only briefly. This is likely to be one of those times though. The problem is when you need to sell its likely not to be . When interest rates drop gold traditionally go up so it's likely to go higher although im not buying currently as i already have far more than my retirement goal

    • @BackyardBullion
      @BackyardBullion  8 หลายเดือนก่อน

      Thanls for sharing your thoughts!

  • @CapraObscura
    @CapraObscura 8 หลายเดือนก่อน +4

    I only worry that prices will take a sudden drop and put stackers into a panic. I've seen the stocks get manipulated multiple times, do you buy now in hopes of skyrocketing prices to continue? Or do you wait for another drop? So you don't bust your wallet?

    • @BackyardBullion
      @BackyardBullion  8 หลายเดือนก่อน +2

      So, I don't think this is a stock that has been manipulated upwards. This is just a rebalancing of actual value of money right now.

  • @luke.k1.
    @luke.k1. 8 หลายเดือนก่อน +3

    Great video mate, I'm fairly new to stacking only been going about 8months so for me I'm still buying. I try and make monthly purchases, have a set amount and see what I get for it, I don't wait for dips although I do appreciate them when they line up with a purchase. I've avoided silver so fair this year but again with the prices up on gold I did order some silver britannias this week. I stack from a kind of prepper mindset ( not zombie apocalypse prepper lol more economic troubles prepper ) because of the way the world is currently, so I don't mind paying the high prices too much, just want to get as much as reasonably possible in my possession. I think there will be good opportunities to those of us who have some gold/silver while the world goes through what it does, especially on the back end when it all starts settling down, if nothing else I'm sure it'll help through tougher times. Anyway I'll stop rambling on now haha great video mate 🤝

    • @BackyardBullion
      @BackyardBullion  8 หลายเดือนก่อน +1

      Thanks for your comment, makes for interesting reading!

  • @1betterthan
    @1betterthan 8 หลายเดือนก่อน +1

    I have all I need in gold and silver from buying over the years, and have my stack no need to ever buy any more.

    • @BackyardBullion
      @BackyardBullion  8 หลายเดือนก่อน

      Great position to be in!

  • @paulm6742
    @paulm6742 8 หลายเดือนก่อน +4

    Fantastic video as always, silver at £21.20 as I write this. Still undecided as to whether I should buy or hold off to see which way the wind blows. But that's half the fun of stacking right?

    • @BackyardBullion
      @BackyardBullion  8 หลายเดือนก่อน

      It's the curse of stacking! But it and hold it for 30 years and you will win.

  • @weaton25
    @weaton25 8 หลายเดือนก่อน +2

    With the VAT on silver it is just not worth buying in the uk unless you can buy it at spot from a privet seller but then is it real is the problem new gold from a reputable dealer but not until the price drops a bit.

    • @BackyardBullion
      @BackyardBullion  8 หลายเดือนก่อน

      Yes, but if you can get it for less on the 2nd hand market you are good to go!

  • @Stanislaw93
    @Stanislaw93 8 หลายเดือนก่อน +1

    I neither buy or sell right now. I don't feel it's the best idea to keep buying at ATH prices - and at the same time, when you consider selling - Atkinsons paying like 3.5-4% UNDER spot for your 1oz Gold Krugerrands? It's a robbery and I would never ever sell my gold to anyone so cheap, unless I'd absolutely have no choice, but I'd be forced to do it

    • @Jan-m5c2r
      @Jan-m5c2r 8 หลายเดือนก่อน

      @Stanislaw93 - I agree, but the "robbery" can be explained thusly: In order for dealers to sell gold at all at the present prices they have to sell at spot or a wee above. In order to make a profit they are forced to buy our gold way BELOW spot. But the important thing for us is: 1) Never to sell with a loss. 2) Sell coins/bars which will give us a profit no matter how much under spot we are selling for.

  • @oysterman962
    @oysterman962 8 หลายเดือนก่อน

    The key to investing is to seek value in undervalued assets or commodities particularly in areas away from the mainstream congested traffic. For that reason I look towards investing in platinum. Its less than half the price of gold but much rarer. I think its grossly undervalued. When gold becomes too expensive to buy and all the silver hoarders realize there's too much of silver to be classified as precious, then focus will be on platinum. In reality if it weren't for the screwed up financial world we live in, gold should be what platinum is priced at and vice versa. But there will be a change once the wealthy elite start focusing on undervalued commodities and potential growth opportunities

    • @Jan-m5c2r
      @Jan-m5c2r 8 หลายเดือนก่อน +1

      oysterman962: Theoretically you may be right about platinum being undervalued. But if the consumption for industrial purposes price platinum as is, well there you have it. Secondly; Platinum's buy/sell spread (bullion) is a bit nasty. Thirdly; not all LCS' will buy platinum bullion so this metal could be hard to liquidate without a severe loss. Always buy liquid PMs and always buy what your LCS would like to buy back. 🙂

    • @oysterman962
      @oysterman962 8 หลายเดือนก่อน

      @@Jan-m5c2r Yes. Liquidity is a concern. Thanks for the advice.

    • @oysterman962
      @oysterman962 8 หลายเดือนก่อน

      @@Jan-m5c2r Today it may be a problem but tomorrow it could be the solution. For the same reasons you mentioned that platinum may not be a liquid investment with good returns now is obviously why it is undervalued and may be the reason why it's attractive to buy now. Rumour has it that the Chinese are squirreling it away from under everyone's radar for future clean energy manufacturing. They were also stockpiling gold when it was not as popular. People weren't that interested in gold and silver until just after Covid. And even then it wasn't making much traction until late 2023. If Warren Buffet hadn't invested in unpopular cigar butt companies and had just followed the flow of traffic as everyone else he wouldn't be the billionaire he is today. Similarly people who regret investing in bitcoin 10 years ago didn't have the foresight of it's impact on digital currency and are entering the market late when it's even riskier given the fluctuations and current unchartered economic environment. The point is that you should look at anomalies in the market and potential to capitalize in the futures. You said that it is only wise to buy metals that an LCS is willing to buy back. Even if that principle was applied to gold and silver in the short term you wouldn't make much profit because it's potential is likely a long term investment. Similarly platinum is likely to see 5-10 year strategy in which liquidity will change along with technology, economics, geo politics and public sentiment.

  • @BaronofStrange
    @BaronofStrange 8 หลายเดือนก่อน +1

    I have a few questions about the sigma machine if you are able to answer. Does it only test for bullion coins? I have some old silver coins that I would like to check and I was wondering if this machine would work. Does it have a setting that would test for silver crowns etc? Also, does it work with smaller circulated silver coins? Would appreciate your help. Thanks for the video.

    • @BackyardBullion
      @BackyardBullion  8 หลายเดือนก่อน +1

      Yes, it can test a wide range of coins and there is a massive database behind this machine that helps test so many coins. Your best bet would be to contact trusti metrix directly and they can answer more. But from my experience this is a really amazing machine.

    • @BaronofStrange
      @BaronofStrange 8 หลายเดือนก่อน +1

      Thanks for the info@@BackyardBullion

  • @MarkDay-nv8fu
    @MarkDay-nv8fu 8 หลายเดือนก่อน +3

    You bought sovereigns for £253 in 2022! I wonder what spot must have fallen to for that price! 🤔

    • @BackyardBullion
      @BackyardBullion  8 หลายเดือนก่อน +5

      I have a feeling that this label is wrong. I just looked it up on my records and it's £330 per sovereign

    • @seminumismaticguy8575
      @seminumismaticguy8575 8 หลายเดือนก่อน

      I bought sovereigns for £250 and far less but not in 2022

  • @nickgardener5802
    @nickgardener5802 8 หลายเดือนก่อน

    Buying gold over time equals out the peaks and dips. Buy something frequently however small. My uneducated opinion of course.

  • @ARegularBloke
    @ARegularBloke 8 หลายเดือนก่อน +1

    BYB! I have wanted to buy the Royal Celebration bar for months but I’m so hesitant because it’ll set me back nearly 2K! Difficult decision for me haha.

    • @BackyardBullion
      @BackyardBullion  8 หลายเดือนก่อน

      Its a big commitment if you want to buy it!

    • @mikewilson2434
      @mikewilson2434 8 หลายเดือนก่อน

      Money in the bank

  • @rudypoo4370
    @rudypoo4370 8 หลายเดือนก่อน +3

    Highest price I ever paid for a Gold Sovereign is 350 U.S. and i only paid that much because it was an early date (1832). No regrets buying Gold Sovereigns ever.

  • @Fuzzylove-wn1cd
    @Fuzzylove-wn1cd 8 หลายเดือนก่อน +1

    Supply and demand kicking in.

  • @buyystocks
    @buyystocks 8 หลายเดือนก่อน +3

    what happens at $29.99

    • @BackyardBullion
      @BackyardBullion  8 หลายเดือนก่อน +1

      The moon happens!

    • @samuelnewitt6978
      @samuelnewitt6978 8 หลายเดือนก่อน +2

      Andy Schectman gets The Quickening

  • @moealgeriauk
    @moealgeriauk 8 หลายเดือนก่อน +1

    I remember buying my first brits from you for about 1090 few years ago, what a time that was😂

    • @BackyardBullion
      @BackyardBullion  8 หลายเดือนก่อน +1

      Yeah, that was a special time now we look back on it!

  • @Afterasimplelife
    @Afterasimplelife 8 หลายเดือนก่อน

    Does this mean that atkinsons deal on silver a few weeks ago was really good?

  • @michaelangelobergeron5980
    @michaelangelobergeron5980 8 หลายเดือนก่อน +1

    Silver took the lead as of now!

  • @justinobrien3593
    @justinobrien3593 8 หลายเดือนก่อน

    it ain't gone up that much unless your paying scrap prices on it! sovereigns been going up about £10 a year on average from 2013 to now!!!

  • @philipbant657
    @philipbant657 8 หลายเดือนก่อน +3

    Hope the gold comes down(for a while) then I may be able to afford
    A bit more

  • @ricardosmythe2548
    @ricardosmythe2548 8 หลายเดือนก่อน +1

    Hold the line guys there just shaking the tree. When stockpiles fail to cover the supply defecit youll know about it.

    • @BackyardBullion
      @BackyardBullion  8 หลายเดือนก่อน +1

      Thanks for sharing your thoughts!

    • @ricardosmythe2548
      @ricardosmythe2548 8 หลายเดือนก่อน +1

      ​@@BackyardBullionThanks for making the video. I'm patiently awaiting another Atkinsons deal.... lol

  • @curiositycloset2359
    @curiositycloset2359 8 หลายเดือนก่อน +1

    ITS HAPPENING!

  • @KYHStacking
    @KYHStacking 8 หลายเดือนก่อน +1

    Nice Toy Story reference in the video title 👍

  • @aerial558
    @aerial558 8 หลายเดือนก่อน +1

    It’s going through the roof? I guess it’s with recent events going on in Ukrainian and Baltics.
    I always enjoy your videos thanks for sharing your thoughts again

    • @BackyardBullion
      @BackyardBullion  8 หลายเดือนก่อน +1

      Its a crazy time, thanks for watching

  • @Chris-fv3pk
    @Chris-fv3pk 8 หลายเดือนก่อน +1

    So what do you say take all your money out of the bank like I hear from other people

    • @BackyardBullion
      @BackyardBullion  8 หลายเดือนก่อน +2

      Yeah, if you want to do a really stupid thing then take all your money out the Bank!

    • @ricardosmythe2548
      @ricardosmythe2548 8 หลายเดือนก่อน +2

      I'd put what I have in a high interest banking product and buy the dips if I was you. That's not financial advice BTW

    • @BackyardBullion
      @BackyardBullion  8 หลายเดือนก่อน +1

      Not a bad idea

  • @cyberhype5495
    @cyberhype5495 8 หลายเดือนก่อน +1

    Coin Shops are busy today‼️ Everyone loading up their saddlebags

  • @jonh8125
    @jonh8125 8 หลายเดือนก่อน +2

    I knew you'd be buying a pro BYB 😂
    I'll give you £400 a piece on those sovs my friend 😉😏😂

    • @BackyardBullion
      @BackyardBullion  8 หลายเดือนก่อน +1

      Nah, sorry they aren't for sale!

    • @jonh8125
      @jonh8125 8 หลายเดือนก่อน +1

      Are you going to be selling on your website again BYB? I keep checking ....

    • @BackyardBullion
      @BackyardBullion  8 หลายเดือนก่อน +1

      I honestly don't know just yet. I don't miss the workload. It was a lot to do.

    • @jonh8125
      @jonh8125 8 หลายเดือนก่อน

      Yeah I bet it was bud. However, I've watched you chopping logs with the old axe so your definitely not shy of a little hard work 🫣
      I'd definitely be a customer if you start selling again as I'm sure a lot of guys here would be !! 👌👍

    • @BackyardBullion
      @BackyardBullion  8 หลายเดือนก่อน +1

      I know, thanks man. I loved doing it but I was very close to burnout.

  • @aubreyravenl
    @aubreyravenl 8 หลายเดือนก่อน

    Is it inappropriate if his voice makes me swoon?

    • @BackyardBullion
      @BackyardBullion  8 หลายเดือนก่อน +1

      Yes, yes it is!

    • @aubreyravenl
      @aubreyravenl 8 หลายเดือนก่อน

      ​@@BackyardBullion i cant help myself sorry

    • @aubreyravenl
      @aubreyravenl 8 หลายเดือนก่อน

      ​@@BackyardBullionthe sight of gold and silver does not help.

  • @sh4969
    @sh4969 8 หลายเดือนก่อน

    I want silver to fall so I can go and buy as much as I can before it goes up. All open pit silver mine in Mexico have been banned, that increase in silver price, 60% of Mexico goes to heavy industrial , so there be a shortage. The reason silver hasn't shot up it's because every is using their silver reserves but China used all there silver reserves some time ago and been buying all the silver from South America.

  • @tsparc2
    @tsparc2 8 หลายเดือนก่อน +2

    Gold is not “going up” - the value of your money is falling. What an ounce of gold buys you in terms of goods and services hasn’t changed in a long time. The current gold price should frighten people along with the rise in other commodities…. Buy property, shares, gold - be in anything but cash. It isn’t fear mongering to read the writing on the wall. Silver is irrelevant in all this unless you treat it like any other industrial metal like copper - yes it too will “go up” but there isn’t a central bank in the world buying silver. Serious investment products aren’t sold with marvel super heroes or D&D themes on them - that’s the clue…

    • @BackyardBullion
      @BackyardBullion  8 หลายเดือนก่อน

      Thanks for sharing your thoughts!

  • @XcmxMccqx
    @XcmxMccqx 8 หลายเดือนก่อน +1

    Silver is a dog. Stick to Gold

  • @jaysontoddjoker2402
    @jaysontoddjoker2402 8 หลายเดือนก่อน +1

    Yea mate I'm buying silver kooks like crazy with gold being so high