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#Gold #silver #preciousmetals Hindsight is a wonderful thing and my 7 years buying gold and silver has given me a lot of interesting experience to draw upon. The problem with investing in gold and silver right now is that the market is very daunting. So much choice. So today I share what I would do if I had nothing right now and what my best picks would be for gold or silver or both. Of course, these are just my opinions and not financial advice so please bare that in mind when making your own decisions! If you would like to support our channel please check out our shop page for all our hand poured silver. https://backyardbullion.com/product-category/all-items/ Join the channel and show your support by becoming a BYB Rambling society member today! https://www.youtube.com/backyardbullion/join If you would like to support our channel please consider purchasing our T-shirts please visit this link: https://teespring.com/en-GB/new-byb-hallmarked-t-shirt or have a look at our website: https://backyardbullion.com/product-category/all-items/ Stay safe, stay healthy all. Thanks also to the channel sponsor The Silver Forum! http://thesilverforum.com/ A 4k Camera & close ups of coins! What more can you want!? What do you think? Comment below! Comments welcome below or email me at [email protected] Follow me on Instagram: @BackyardBullion www.instagram.com/backyardbullion Thanks for watching and I will see you next time! generic silver, generic silver bar, silver investing, silver bar, silver bars, silver round, silver coins, silver stacker, invest in silver, buy silver, what silver is the best, best silver to invest in, 100 oz silver bar, silver coin, silver sale, purchase silver, buying silver, physical silver, silver bullion, silver to purchase, investing, gold coin,1 oz gold coin, what gold coin to buy, gold investment, investing in gold, gold coins, buy cheap gold, cheap gold
Lol how about this. Educate yourself. Find some stuff you like… Stick with a budget and a plan lol
If I were to choose what precious metal to put my money into, I would choose gold all day long. Since silver is sold with a premium of up to 60-70% on top of the metal price, it just sounds like a terrible deal compared to gold with a 5-6% premium. Besides that, if you want as much precious metal for your money as possible, buy 1 oz bullions instead of 1/10 oz 0.5 oz and so on. You are generally paying more pr ounce of gold when buying smaller coins, compared to the bigger ones.
That premium is dramatically lower with kilo silver bars. The premiums you mention are only for certain smaller coins. As I type this, silver is $24 per ounce and you can buy a kilo silver bar for $830, or $25.82 per ounce…quite a small premium.
@Kenneth Williams : No, they are not. American Silver Eagles for instance is sold with a 60-70% premium in my area. That is new uncirculated bullion 1 oz coins of course. You could get lower premiums on some other coins, but not less than 21-22%. In addition, some countries actually put VAT on bars, while you don’t buy VAT on bullion coins. So, silver bars is rare to even see offered for the same reason. Raw metal price + premium + 25% VAT on top of that again makes it an extremely bad deal.
I still hold gold coins as the better option of the two metals.
@Making Waves Well, since you didn’t mention what “your area” was…
@Kenneth Williams : High premiums on silver is global for the moment, but VAT on silver/gold bars is of course a local phenomena in certain countries.
The premium on Mexican Onzas in Canada at least is insanely high. 3x spot or more! Don’t understand that at all when I used to buy Onzas like generic rounds.
We can by 1 oz gold coin or 2 kilos silver. Math is simple. What is easier to stack 100 oz in 100 gold coins or 200 kilos of silver?
So overwhelming on all the options of coins. Gold is so expensive, I’ll start with silver
Lots of adds for one eighth soveriegn coins are they worth buying 🤔 because they offer them at reduced rates and limited mintage
100% avoid these 1/8th Sovereigns like the plague. They aren’t made by The Royal Mint, they are garbage and are a categoric waste of money.
Buy silver because it’s become a supply and demand thing with all the geopolitical crap going on around the world. Plus they put silver in just about all of your smart phone’s, computers etc.
And solar panels, baby! 😉😉
I don’t see silver as “risky”. I see it more as volatile…. Meaning; great opportunities to buy into a sector that has zero counter party risk.
I’d just buy silver using dollar cost averaging…buy some now, wait a few weeks or months, if it has dropped, buy some more, if not just hold on. And for a pure silver play, I think kilo silver bars are the way to go. A lot of silver for the money but not so huge or expensive as to be prohibitive.
hi, what’s your take on Glint Gold pay?
Would not touch it with a barge pole
If you’re buying coins hoping to get a premium on sale, you’re a coin collector, not a stacker.
I want to start a collection for my kids but I have no clue how to start
I’d buy what I like from a reputable dealer. My preference is 1oz britannias, UK sovs but often just by numeric coins as I like them. The way the wourld is no one knows. My bet tho is even at £30an oz silver is cheep. Gold I’d say is £200 mor than what it should be at the time of writing this which I’d say should be around £1200 an oz. That’s due to countrys like Russia, China and Inda(brix nations for those in the know) coming away from the petrol dollar and fiscal printing by the Central banks. I’d look at ratios of gold and silver compared to other asserts like a barrel of oil or lb of beef. Yes some asserts will be high but accross a basket of goods you can see how thing are high or low which is also supply and demand. I think it used to be the old cpi befor they started adjusting it to suit the inflation targets which ever govement wanted to be!
Very informative video with a lot of good and practical observations. Totally agree about the modern Sovereigns, they do not have a pleasant look. The King Georges and King Edwards are so much more attractive. I think it comes down to whether the prospective buyer is a collector or an investor.
If one is primarily looking for potential investment returns, then that large 50 Peso gold coin is a good choice, as its per-gram cost is quite low. Sure, you won’t realize a premium when you sell it. But, of course, you won’t pay much of a premium when you buy it, either. It’s a very solid gold play. Also mentioned are the American Silver Eagles. Purchasing them now for investment is silly. The massive premium that you pay for them will NOT be recovered when you sell them back. Instead, silver Britannias, Philharmonics and Maple Leafs carry a much smaller premium, so you simply get a lot more silver for your money. And of course, your best bet for a pure silver play remains the kilo silver bars.
If one is a collector, of course the primary object is not profit but filling and enjoying one’s collection. A collector buys without a firm intention to sell at some future point, whereas the investor buys to sell. Generally speaking, the farther above the intrinsic value that you pay, the more risk you are taking, because now you’re relying on some outside factor driving up the price beyond the premium you already had to pay to get the coin or bar. I’d rather be patient and rely on bullion prices than on something more ethereal.
I Just checked the price of Gold Sovereigns on Ebay (26 Dec 2022) and the lowest price I found was £383 for 1887 Full Gold Sovereign, that is out of my price range – I can only manage upto £200 per purchase – what should I be looking for?