What Happens If You Keep Buying Gold At These All Time Highs?
Vložit
- čas přidán 4. 04. 2024
- Thanks for watching, looking forwards to chatting in the comments.
Would you like a free 1 oz Silver Britannia on your next gold order?
www.bullionbypost.co.uk/accounts/login/?referral_code=NS5DZ7WX
Currently Bullion By Post have a referral offer if you sign up through my link and make a qualifying order as a new customer. Alternatively use code 'NS5DZ7WX' when you're signing up to the website in the 'how you heard about us' section.
Discount code £10 off at www.thegoldbullion.co.uk
"0A319" Even works on their competitively priced best value sovereigns
Multi Use Capsules with foam insert
amzn.to/3Fo3x6w
The Gold Sovereign Series - Marsh (Fantastic resource for sovereigns)
amzn.to/3m6GSEq
Coins of England - Spink (A lot of info for sovereigns but also other British coinage)
amzn.to/3Sthg0w
Sigma Precious Metals Verifier I use
UK ebay.us/uBTpot OR ebay.us/zGLAnw. I don't know either of these sellers personally.
For the USA I found this seller ebay.us/5OW7vF
22.5mm Capsules (Sovereign, 0.25 oz Britannia etc)
amzn.to/3gEOzyI
Coin Tube (Sovs and 0.25 oz inside capsules)
amzn.to/3DiJWCf
2 oz Queen's and Tudor Beast Silver Coin Capsule
amzn.to/3gOR69L
39mm Coin Capsules (1 oz Silver Britannia recent years etc)
amzn.to/3SDxT8h
33mm Coin Capsules (Gold 1oz Britannia recent years)
amzn.to/3sDm3An
Digital Measuring Caliper
amzn.to/3NcryPU
Digital Scales (small)
amzn.to/3TIesfD
Leather £1 Coin Holder (The blue and red ones I have in the videos, note I don't store coins in these long term they're more for show in the video but haven't done any damage)
amzn.to/3znKtSl
This video should not be taken as financial advice and is for entertainment only
As an Amazon Associate I earn from qualifying purchases on some of the above links. - Zábava
Im still buying but at a smaller quantity i don't just collect gold as an investment it's a preservation of wealth and just something fun to look at
Yes I'm with you
I Just recently got into gold sovereigns. I’m an old gold fanatic to say the least. Modern bullion just doesn’t do it for me. That’s a very impressive collection of sovereigns that you have. Well done!
Old is gold as they say 😁
I bought my first sovereign when i was 29 yrs in 1999 for £55 .
Those were the days when you could buy 50 sovereigns on eBay with a buy it now of £2500. But i didn't have £2500
Id add each year to the point they touched £200 each and i said im not buying at these crazy prices.
Sold them all bar my first 3 at £210 each as i got a little nervous.
Put my sell out money back in at £167 a few years later and stopped buying again at £300 as the price was just to much. I now find myself buying in February for £392 .
So back in the 1970s when gold was £30ish an oz those buyers probably laughed at me fo paying £55 for a sovereign in the 1990s.
What i would say to folk is buy in your early 20s, what you can afford and keep adding through your working life.
Yes there will be corrections but history has shown me that the new all time highs become last years news
Great comment, your 100% right
Well said 👍
1:07 @@chnrdave
Thanks for sharing
You will continue to get richer (the gold you brought previously has risen in value and the gold you recently bought has gone up as well)...
Yes gold is looking after us all quite well lately
Its a tough one cos Gold is now at a very HIGH all time high but wasn't always the same?? I think I started stacking Gold about the same time as you SS and paid £326 for my first Sovereign and that was one hell of leap of faith. If I could buy at that price now I wouldn't bat an eyelid and be buying 3 or 4 at a time on a monthly basis. So even though it takes a bit of nerve I am still buying every month. As I said on my last post, I don't think we are looking to far into the future at £2600 to £3000 an once Gold so at £1800ish, its still a steal and we will be saying, 'I wish I had bought some more of them Sov's at £430 a piece'!! 😃
I bought my first in 2018 in the £230s after I'd been watching the prices for a while so felt comfortable that it was relatively stable. Like you say we kind of get accustomed to buying gold over time
Price doesn't mean much. Where you want to look is purchasing power. Currency can get inflated away, which is why your numbers aren't fully realistic. But if you pick two points in time and look at price of a good, then you look at price of gold during those two points in time, you get a more clear picture.
One hundred sovereign s!!! If only….😜. Great insight 🙆♂️.
Might need a wheelbarrow for them 😏
You not worried about being burgled? probably my biggest fear, withholding Gold
0:00 📈 With gold prices rising, there's a debate on whether to average up your cost by continuing to buy at higher prices.
1:20 💰 Accumulating more gold at higher prices can increase overall wealth and store of value over time.
3:19 🔄 Averaging up your cost means accumulating more coins at a higher price, potentially leading to a higher average cost per coin.
4:52 💬 Engaging with the audience to discuss their approach to averaging up or down can provide valuable insights into different stacking strategies.
5:56 🛒 Continuing to buy gold with a cost average approach, considering current market prices and personal budget constraints, can be a prudent strategy for long-term stacking.
I’ve watched gold prices go up steadily with a few dips here there for the last five years. Part of me wants to sell more gold and take advantage of these high prices and part of me thinks it’s going to continue going up.
I've been telling folk to buy shield backs when they were £100 each and gold was £385 a oz ,,,😮,I've made my fortune 😅😅😅
The numbers sound funny but it wasn't that long ago
Good rational thinking video. At the moment I'll just be accumulating a bit slower waiting for dips
Good judgement
It’s not the cost of gold rising it’s the value of the currency decreasing so prices adjust to reflect that
I get it yes but we still live in a fiat based society where things are 'valued' in £$¥€
Not true no one seems to understand inflation. Inflation is not one magic number, and it certainly isn't the one headline figure in the newspaper or even the multiple figures in weighted categories you will see if you delve a little deeper and look at the spreadsheet . Some items go up more than others , some items are actually deflationary and go down in price. Price change on some items like houses is also regional . The devaluing of currency is extremely difficult to calculate properly .
To all the newby coin buys out there I would like to my own perspective on the buying or swapping of your Currency for sovereigns.
Sovereigns are and have always been Money.. and are essentially stable value through time.. If anything currency is buying gold sovereigns on the cheap because of continued quantitative easing…and the lag effect!
Trying to maintain value and buying power with currency is futile…
By swapping out of currency into sovereigns you are stopping the destruction of value instantly… People get hung up about the liquidity and the cost of the transaction but by my calculations the spread available now is 6% each way and that will narrow as demand grows and easily beats inflationary destruction!
I just think that "in the gold" is better than "in the bank", so I don't think too much about the profit I'll make. I'm not buying now not so much because of the price, but because of the vertical line on the charts, it would be masochistic. Historically, gold goes up at 45 degrees, and when it goes up at almost 90 degrees it's not worth buying, because soon it will drop back to keep climbing at 45 degrees. Once the damn fed will lower the rates, it will probably do one final explosion, then it will calm down and go back to its place.
I agree with this
I agree too
Well said
Bought the year low nearly last year 1519 today at 1850. Will be 2000 by end of year minimum in my opinion. Nothing is getting better economic wise there is only one way for gold to go for the next few years atleast.
There is certainly a good case for gold to support higher prices. Let's wait and see
I bought a 2021 QEII PROOF HALF SOVEREIGN IN ORIGIONAL CAPSULE.
For £275 is that about right or did i get it high??? Many thanks
The price does not increase. The value of the fiat currency decreases.
You'll like part 2 👍🏼😁
I have been stacking for a few years but at the moment there is a fear that as the price has gone up so dramatically with gold if I buy at this higher price will at some point the price drop and I’m left with some very expensive sovereigns decisions decisions 🧐
Quite so. I think similar.
With gold at an all time high, if I had hundreds of ounces of it (I don't), I would secure some profit and invest in other portfolio assets (stocks, bonds, silver, etc.). If gold had been a bigger part of my portfolio than it is now I would view it as too large of a portfolio risk with the price being this high. It's never really the time to bail out completely and it certainly isn't now either, but everything isn't black or white. I would sell maybe 50% of it and invest in potentially undervalued assets instead.
@@thetruth9210 My point was about calculating risk. It was hypothetical as I'm not there yet with my stacking. I'd say my gold stack is probably around 5% of my total portfolio of liquid assets. I would get it up to 10% but I feel that the price is too high (relatively speaking) right now to buy much more. If it had grown to say 20% or more (value-wise) because of price hikes, I'd consider it too big of a portfolio risk and start to sell and secure some of that profit to invest in some other type of asset. I think gold has hiked a lot because of central banks worldwide buying it in huge quantities lately. That may not continue for very long.
There's certainly a good discussion to be had in here, trimming larger positions and adding to the undervalued positions to compound gains I think is a good option. Giving the winners space to run can be surprising too though
Already out of date. Intrinsic value of bullion sovs is £434. Quarter oz at £461.
Surprising but yes thanks 👍🏼
Like 22🎉 Great Overview Buddy, the cost average is the best.
🙌🏽
I think slightly differently. I buy sovereigns at gold cost now I remember sovereigns at £75 each
You need to keep them for at least 5years I also buy scrap gold bag it And leave it just add to it slowly what you can afford. I don’t buy silver it doesn’t move much on the market
Great plan
Hi SS, great video as always regards averaging/layering in and averaging/layering out. Whats your thoughts on digital/paper gold.... ? Fyi - like a fool I cashed in quite a few Oz' at £1700 a few weeks ago. Are you never tempted to trade in even at £1850 per ounce. What your exit position,
Great question. I'm not against selling but more important than the price would be what I would be doing with the £££ instead.
Is a shield sovereign for spot worth it even if it is ex jewelry with damage ?
I probably wouldn't and would choose a nicer condition sov myself
I just buy till I reach 175oz then I'll buy a property. Years of saving dollars or gold gold for years, that's why I buy gold. The profit amount of dollars on my gold i view it as a discount off the real estate price.
Sounds like a great plan
It's a conundrum! There have been other lower highs. Heads or tails, toss a sovereign.
Haha yes
I bought one sovereign and wants to collect as much as I can. The price have gone up real high, but my sallery haven't gone up. I know it's good to stack, but... it's getting harder on my low salery. I just hope gold price would go down when my next sallery comes in
Maybe buy fractions instead.
Half sovereigns are an option but just do what you can manage at your own pace 👍🏼
Feels like they jumped from 370 to over 400 over night 😮 I'm still buying shields when I can being more selective though. Asked the local pawn brokers etc what they paying for sovs and they're offering way under 300 and only £35 a gram for 22ct the bunch of thieves . Took a trip up Hatton garden and got £50. My local h&t pawn brokers had a sale on and selling sov and krugerrand rings under scrap price so got a couple to flip 😊
Those buy prices are horrendous! Glad you got a few bits for flipping though that sounds like a better price to buy at. Thanks for sharing, always interested to hear what people are offering in different areas
@SovereignSaurus this is gravesend, kent , cash converters paying 370 for sov and about 35 for 22ct. I wish I could buy at those prices too but who'd do that?? Loads by the seems of things.
I would rather have 1000 but sometimes you have to put the money into other things. I agree just keep on buying.
As you know i plan to sell a chunk this year but I’ll buy back - so be it at a higher price if needs be
@@thetruth9210 save for what if you NEVER sell? Might aswel be chocolate coins
@@thetruth9210 that’s strange!
i get that totally. But the squirrel who just stores nuts and never eats will starve!
All im saying is if you never ever plan to sell then buying in the first place is kinda pointless. Im not saying sell everything but profit taking or moving some money from column A into column B isn’t a bad thing
@@thetruth9210 really wierd and concerning! We should be able to share opinions freely. All the best with your continued stacking 👍
I can't see them on the back end either but it seems increasingly common on the platform
Unless you have to sell why would you
👍🏼
Just bought another five sovereigns and plan to buy an average of three every month while ever I can afford them
👍🏼 nice work
£50k in gold 5 years ago is £90k today.
I’d keep buying.
£90k in gold today, I’d expect to be £150k in another 5 years.
You might have to update those figures after this week 😁
300 sovs is just shy of 2.2KG. I would get bars which are recognised internationally.
Have to pay Capital Gains tax on those.
Depending where you live and what your exit strategy is likely to be that could be a better option but for the UK in particular sovs and Britannia's are treated more favourably in many ways
£432 and counting 👍
😎🚀
It doesn’t matter what number of currency it takes to swap for gold. If it takes more currency it means inflation (prices of everything rise) has happened so there no profit. Like people think their house price rise they think they’re richer but the price of everything has risen so there’s no profit even though the currency number has increased.
I bought mostly 1 oz coins about 15 years ago. I've never bought any since but have made a decent profit since then.
But I honestly never gave sovereigns any serious thought. Regretting it now.
I'm sure sovereigns are more liquid.
I'm sure the 1 Oz will be looking after you well still
Always buying, cheers🥃
Legend!
Where does everyone buy their sovereigns? I use hatton garden metals.
Nice choice I've bought from them and various different online dealers too it just depends on the deals and stock levels etc
Chards is good value in general.
So you’re saying don’t stop buying just because of all time highs?
It depends on your strategy and what you're trying to achieve with gold if you're buying a little and often (cost averaging) it won't make that much difference if you've some at lower prices some at current prices and some at future prices
Unrealised profit you havent made anything until you sell , it may go to £500 it may go back down to £300 at least for a short period before rising again. I dont thinking buying at ATH is wise wait til it drops a little. At ATH it got a lot higher probably of dropping than going up further that's Why i use a modified DCA and buy only if its cheaper than the previous month
Profit?! Currency profits not gold profits and remember gold is money, currency is just paper so it does not matter how many currency tokens it takes to swap for gold it’s always a profit.
Yes a fiat profit. I get the money Vs currency distinction but whilst we live in a fiat based system ....
went into a jewellers yesterday and they said they pay £250 for full sovs 😂
Wow. That has to be the lowest in the country surely? 🤣
I sold 100 sovereigns about 9 months ago 😂 im hurting.
If you needed the money for something then and took some profit though it was the decision you needed to make at the time? Can't dwell on these things, it could have gone down too
@thetruth9210 I had to sell. Bills to pay. I don't have savings in the bank so that's my currency. Just hurt because it went up rapidly after I sold. Although I made a good profit on them.
Ow that sucks
Buy buy buy
🚀
Fiat will continue to lose against gold, its built into the system (2% official inflation). There are times when it’s better to buy gold but we generally don’t know when in advance, so it’s best to buy when you can & you get more when the price is lower & less when higher. The important point is that at some point you will still have the full value of your labour to purchase the house, car or whatever. Compare gold to the stock markets since 1971 & gold wins hands down. Unless you can analyse & pick outstanding stocks you won’t win & your perceived gains in gold are CGT free, your nominal gains in stocks etc are taxable.
999
🙌🏽
Ive got news for you mate gold has beat inflation so your in profit .wish id bought bitcoin i would own nothing 😢 if the power goes out the bitcoin goes with the internet in war
The key is not to be all in on one thing. 😏
Ayood
👍🏼
Bruh. I can't even afford 10 grams.
how old are you
Hilarious!!
One coin at a time 👍🏼
You appear to be wrong speaking of 'profit'. You have no profit as such mate you just kept up with inflation ! I wish you understood that.😂
Yes I agree----adjusting for inflation, the price now would need to be £1,937 to match the 2011 high of £1,160. And then you need to factor in the interest you could have received in an ISA etc.
I understand, whilst we live in a fiat based system though it is our unit of measure 👍🏼
Only profit when cash in.
Profit? Not really 😕 you have protected yourself against the falling price of fiat currency.
In our fiat based monetary system it is a profit but I'm with you.