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Why You Shouldn't Buy Physical Gold
Рет қаралды 10,792
Күн бұрынThanks for watching, looking forwards to chatting in the comments.
Discount code £10 off at www.thegoldbullion.co.uk
"0A319" Even works on their competitively priced best value sovereigns
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.
Multi Use Capsules with foam insert
amzn.to/3Fo3x6w
The Gold Sovereign Series - Marsh (Fantastic resource for sovereigns - The new version is due out later in August 2024 - I have pre ordered which is currently on a 23% discount ... 2nd link)
amzn.to/3m6GSEq
The Gold Sovereign Series 2024 Edition
amzn.to/3SlEiaV
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
33mm Coin Capsules (Gold 1oz Britannia recent years)
amzn.to/3sDm3An
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.
@slapdat.byteme Жыл бұрын
Gold is a lot like putting your $ into real estate. Or collectibles (stamps, cars, sports memorabilia, etc.). You don’t buy it because of the passive income it generates (zero). You buy it because you 1) like collecting it, 2) know you’re prepared to hold it for the long term, until it reaches an attractive level of appreciated value, 3) want to pass it on to loved ones, 4) all of the above.
@SovereignSaurus Жыл бұрын
Yes great points certainly not expecting lottery money from it in a short timeframe
@livinthedream7714 Жыл бұрын
Paid $97 for a stamp 50 years ago. Local dealer recently told me he'd give me ,$25 for it. DO NOT ACCUMULATE STAMPS!!!!!
@slapdat.byteme Жыл бұрын
@@livinthedream7714 I’m not a stamp collector, but you should go online to check what your stamp is worth, or try a 2nd dealer for another assessment.
@Iburn247 5 ай бұрын
@@livinthedream7714 yes that's more a hobby and collection type of thing. Precious metals CAN be that too but it also has intrinsic value
@CashAndCoinsYT Жыл бұрын
I buy it for two reasons. One I like the hobby, two its just a part of my savings. Great video, Thanks.
@SovereignSaurus Жыл бұрын
Solid strategy as always 👍🏼
@CashAndCoinsYT Жыл бұрын
@@SovereignSaurus Thank you
@Seven-Seven-77 Жыл бұрын
Gold is a great way of saving, some comments are motivated by ‘feelings’ I prefer to go by facts - and the fact is gold grows in value 👍
@SovereignSaurus Жыл бұрын
Good approach 👍🏼
@MaD_fX 10 ай бұрын
I appreciate the logic of having it stored with 3rd party, it makes perfect sense. What happens when shit hits the fan though, will you be able to get your gold back?
@SovereignSaurus 10 ай бұрын
A good question... Ultimately it depends what kind of shtf situation occurs and whether it occurs everywhere... Hard to say
@ateisme3752 6 ай бұрын
@@SovereignSaurus I wonder about this. Some say storage in Switzerland is the best. Also have you seen videos of vaults in the US where the FBI have stolen the items or banks have emptied them.
@NickMukhin Жыл бұрын
The ability of an asset to make a profit is always accompanied by the risk of losing money. Gold is a way to "freeze" your money for a long term and keep it guaranteed.
@SovereignSaurus Жыл бұрын
Yes good way of putting it
@LegacyStacker Жыл бұрын
Hi Nick Mukhin! Solid Advice! 😎
@terawattyear Жыл бұрын
Nice description of the hazards and cons of buying and owning gold. One more concern I really do have is trusting any institution to hold my metal. The day that you really need it is going to be the day you cannot access it. If you don't hold it, you don't own it. So, you bear the risk of getting it stolen from having it in your possession or getting it stolen from someone you trust to hold it. I suppose you must weigh those two opposing options carefully.
@SovereignSaurus Жыл бұрын
Yes the 3rd party storage is an issue. There are pros and cons to each storage options and I guess it's down to the individual on what their likely case is for each option
@lsmola Ай бұрын
I have a slight different POV on gold..I gambled for years, was never in no debt and gambled only what i could afford but fell out of luck for a quite a bit of time. That took a toll on my mental health as i became increasingly frustrated and angry. One day i decided instead of placing a bet I would order a gold bar... And I kept on doing that, which not just helped me divert my mind off gambling but also literally prevent me gamble, because it is almost impossible to instantly turn gold into cash flow and then squander it on bets.. So yes it is a fantastic way to save money.
@jamiefrost2091 Жыл бұрын
Hi SS,🙋🏻♂️. Thanks for the shoutout 🎉🎉. Although gold doesn’t generate any benefits until you sell, it does give pleasure, which is priceless !. J. Fantastic collection you have!
@SovereignSaurus Жыл бұрын
Certainly does 🍻 Cheers mate
@LegacyStacker Жыл бұрын
Hi Sovereign Saurus! Nice gold coins! Smart for keeping in a depository! Thanks for sharing! 😎
@SovereignSaurus Жыл бұрын
Thanks for dropping by 🍻
@seminumismaticguy8575 Жыл бұрын
Gold won't melt in a house fire as the average temp for a house fire is 600c and in my area less than a 6 min response time according to the fireman who installed my smoke alarm. Gold melts at 1000c and silvers at 960 c so it shouldn't get really hot enough, water won't damage it neither. Fine art will be damaged by both
@SovereignSaurus Жыл бұрын
Yeah I've no idea about fine art but can imagine that's the case for most
@kahyui2486 11 ай бұрын
When in emergency situations u can also hide gold coins up your ass. Can't do the same with Mona Lisa
@nrwalsh 2 ай бұрын
Gold can definitely melt in a house fire. As can silver and guns and other metals
@tridentstacking Жыл бұрын
Well, gold is a terrible investment since it isn't an investment. You hit the nail on the head, they just collect dust. That said, for several reasons I like to own it, ill never have as much as the legendary saurus but a decent amount of savings in gold is a no brainer!
@SovereignSaurus Жыл бұрын
I just rent my stack for the photos remember 😏😁
@tridentstacking Жыл бұрын
@@SovereignSaurus 800-rent-a-stack
@SovereignSaurus Жыл бұрын
@@tridentstacking hahaha
@nickelstacking2023 Жыл бұрын
You don't know how expensive a house will get. They could raise property taxes to 50% , then what?
@SovereignSaurus Жыл бұрын
There are a lot of what ifs you're right about that
@william_marshal 4 ай бұрын
I bought 100 Gold Sovereigns in 2010 for £20.000. They are now worth £50.000. Gold is a much safer long term bet than most shares, you tell me what shares return 10% per annum for years !!!
@SovereignSaurus 3 ай бұрын
They're looking after you well 👍🏼
@carldefoe4673 Жыл бұрын
Well, just on a personal anecdote, I bought a bullion gold sovereign coin two years ago for £284, the same coin today will comfortably sell at £384+. If I had bought 3 coins, for the sake of argument, under £1k, I would now be £300 up on the deal 2 years later. Compare that to say an ISA account, which with £1k would ask you to not touch that money for 5 years and yield only £200 profit (typical), your money is at risk of course, whereas my sovereign I can 'cash in' at any time, or wait longer with no penalty for 'withdrawal' at all. With gold the tide is always rising over the long term, with a few waves that wash in and out in the short term. According to its track record anyway. Stocks and shares suffer from commission and the ups and downs of the market, real estate needs maintenance and attention, crypto could go to zero if the market collapsed. Precious metals cannot collapse because they have a price floor, sometimes more than one price floor, which will always prevent any collapse. 'Good as gold' is better than 'safe as houses', or even... dare I say it... 'safe as the Bank of England'.
@SovereignSaurus Жыл бұрын
Some great points. It's important to distinguish between different people and their strategies within other asset classes too. It's a topic I've got for an upcoming video but for eg comparing an accidental landlords figures to gold rather than a professional property investors figures or comparing your average retail clients spread betting account to a profitable traders will all yield very different results. You're right though that a lot of comparisons ignore the costs you mention
@transientstacker4310 Жыл бұрын
It’s easy to look at gold’s recent performance and think it’s a great investment, after all it’s almost doubled in price since I started buying it in 2019, however there have been big drops in the price of gold. I think around 2010 it had a big drop.
@SovereignSaurus Жыл бұрын
Yes it can of course go down. I'm long term bullish of course but a stock could go down and still be giving you a little tickle of dividends every few months
@garryallison4716 Жыл бұрын
Gold is money that’s why it doesn’t produce yield. Cash doesn’t produce yield unless you put it somewhere like a bank and then it’s not yours anymore
@SovereignSaurus Жыл бұрын
I do enjoy the simplicity of just buy and hold when it comes to gold
@william_marshal 4 ай бұрын
Never hold Gold in a bank .... Thousands of Chinese did and lost $400 million when it suddenly disappeared overnight !!!
@pirateswamp9219 Жыл бұрын
Hi 👋 sov I just got 2 new gold coins. 2X 1/2 ounce Britannias. Well pleased with myself, not catching up to you yet 😅 Well done 👍 keep up the good work
@SovereignSaurus Жыл бұрын
Fantastic that's a good haul 👌🏽
@harryzero1566 Жыл бұрын
I like gold because its a beautiful metal that is incorruptible. One day it will either give me access to something I need or give me continued peace of mind. For me, I have confidence, that I will never be destitute.
@SovereignSaurus Жыл бұрын
Great points
@davidjewett112 Жыл бұрын
Click bait to show off your gold
@SovereignSaurus Жыл бұрын
🤣 Good one
@nickgood1000 Жыл бұрын
Metal have a good advantage as if you sell for a profit you don't pay tax to your government. So the premium is not a bad thing.
@SovereignSaurus Жыл бұрын
It is nice to get a relief on the gains of some coins under current rules yes. 🤞🏽 This doesn't change before we come to sell
@jenette16 Жыл бұрын
What you say? My little gold isn't going to reproduce? Dang.
@SovereignSaurus Жыл бұрын
I've tried everything 🤣
@rodgerjohnson3375 Жыл бұрын
Gold is not an investment.
@SovereignSaurus Жыл бұрын
I agree
@mauriceorayii2964 Жыл бұрын
It is a terrible investment. That's why I buy it.
@SovereignSaurus Жыл бұрын
😁
@derekkarp9497 11 ай бұрын
well you buy from mining company and you can get it at spot and cheaper and in several grain sizes up to 10 g nuggets even more and point of buying gold is when paper fiat inflates to dust and crashes at least you will have a physical asset currency that every country excepts, plus when paper crashes gold should skyrocket, also alot of countries are going back to gold standard money, and gold will still be there if house burns or floods paper wont
@SovereignSaurus 11 ай бұрын
There is certainly a good case for gold
@lockheedload Жыл бұрын
I think it has a spot along with your other assets. Stocks, gold, bitcoin. Working on real estate. Diversity is good.
@slapdat.byteme Жыл бұрын
You were doing great til you included bitcoin. 🤣
@lockheedload Жыл бұрын
@@slapdat.byteme it’s performed better than any other asset in my portfolio 🤷♂️
@slapdat.byteme Жыл бұрын
@@lockheedload You either were lucky enough to buy it when it was in the toilet, or your other assets are really doing crappy.
@lockheedload Жыл бұрын
@@slapdat.byteme the market has been taking a shit for like 6 months now. Stock returns are trash. I have been dca’ing into bitcoin for around 3 years now. I buy a little on the red days. It’s been fruitful.
@SovereignSaurus Жыл бұрын
Yes exactly. I wouldn't like to be all in on one but if the past is anything to go by owning a range of assets should help you and future generations through life nicely
@alexanderthegr8763 Жыл бұрын
Buy from the pessimist, sell to the optimist 🤫
@SovereignSaurus Жыл бұрын
I like that
@nickelstacking2023 Жыл бұрын
Insurance
@SovereignSaurus Жыл бұрын
🍻
@TheStackingPrepper 7 ай бұрын
great video and lots of great points
@SovereignSaurus 7 ай бұрын
Glad you think so!
@getx1265 Жыл бұрын
I had similar coin banks as a kid in the 50s! Memories!
@SovereignSaurus Жыл бұрын
Ahh interesting, thanks for commenting. Was that in the USA?
@getx1265 Жыл бұрын
@@SovereignSaurus Yes. The faux leather book ones, my dad, an investment salesman, gave to customers. The oval metal one had a hole in the bottom to roll up dollar bills to insert. Fun times as a kid!
@SovereignSaurus Жыл бұрын
@@getx1265 Yes that's it. Very cool indeed
@williamtell2053 Жыл бұрын
I wouldn't say don't buy it I would say be modest with it as there's more out there than people realize a lot more
@SovereignSaurus Жыл бұрын
Yes very well put 👌🏽
@ateisme3752 6 ай бұрын
Gold fever looking at your videos.
@SovereignSaurus 6 ай бұрын
Steady on drooling on the screen 😁
@ateisme3752 6 ай бұрын
@@SovereignSaurus Got an delivery of young head and vicy with the crown.
@seminumismaticguy8575 Жыл бұрын
Technically you arent paying more than what its worth, the spot price is the theoretical price of paper gold contract in the future if you bought 100 toz bar not the price of a 1oz physical gold coin. Almost none of the contracts are redemed for gold bars.
@SovereignSaurus Жыл бұрын
Good point I see what you're saying
@brandonsmith-wz6hb Жыл бұрын
Britania is a great looking coin
@SovereignSaurus Жыл бұрын
Yes quite popular it seems on the whole
@Ali-Muscle Жыл бұрын
What are things you have them stored in called ? ( I’m obviously new to collecting coins).
@SovereignSaurus Жыл бұрын
This video should help you. Capsules are the small disk like cases and the taller ones that store multiple coins are tubes kzfaq.info/get/bejne/r7B1fNR8ur3aeac.html
@Ali-Muscle Жыл бұрын
@@SovereignSaurus ok, thank you! And I’m going to watch that video right now.
@william_marshal 4 ай бұрын
Coin Holder Capsules.
@ShinyPreciousMetals Жыл бұрын
Could go down the sovereign road. Need to watch more of your videos for education. Great video.🐀😂
@LegacyStacker Жыл бұрын
Hi Shiny Precious Metals! Yes, beautiful gold coins! I've subscribed to your channel! Nice video content! 😎
@SovereignSaurus Жыл бұрын
It's not a bad road to take 😁
@seminumismaticguy8575 Жыл бұрын
Gold isn't an investment and shouldn't be seen as such, it doesn't provide an income and may not make you profit . Thats why money leaves gold to shares/other more profitable assets in good times and flows back into gold in the bad times . Having said that it can and has outperformed other investments many times .
@SovereignSaurus Жыл бұрын
Yes all depends on the day you buy and the day you sell
@christophermccormick8670 Жыл бұрын
Cheers 🥃
@SovereignSaurus Жыл бұрын
🍻🍿
@MrPatrick1414 Жыл бұрын
Right..I'll load up on appreciating fiat.😆
@davidjewett112 Жыл бұрын
😂
@SovereignSaurus Жыл бұрын
🤣 Don't break the eggs in one basket rule
@AurumAce Жыл бұрын
love gold Britannias i notice one of mine has what seems like milk spotting on it any idea what it could be
@NGRevenant Жыл бұрын
if it's brown it's prob just copper spotting if it's white i have no idea lol
@SovereignSaurus Жыл бұрын
It could just be a greasy fingerprint? What year is it? It could be a copper spot if it's a brown or reddish colour
@AurumAce Жыл бұрын
@@SovereignSaurus It's a 2022 I haven't handled it much. There is a white coating on Britannia herself, which can only be seen under the right light conditions.
@SovereignSaurus Жыл бұрын
@@AurumAce I'm not sure then. I haven't come across anything similar
@Dirty2Clean1980 7 ай бұрын
I have that on a platinum brittania but it looks like something with the buffing.
@jamesfarrell4929 Жыл бұрын
I bought my first sovereign in 1990. From that point on it was about getting ever variety including half's. All the Georges and Vicky's shielded and odd. Have 2 tubes value up there considering my first sovereign cost $ 67 not bad.
@SovereignSaurus Жыл бұрын
Fantastic. I'm sure they'll have looked after you well in that time 😎
@richardclark4828 Жыл бұрын
Is there such a coin as a 1915 5 pound sovereign
@EveryCloud9999 Жыл бұрын
Have you ever considered starting your own Gold Rental Business? 😂
@SovereignSaurus Жыл бұрын
In reality I think you'd need to take a larger deposit than it's worth otherwise unscrupulous clients may not return 🤔🤣
@livinthedream7714 Жыл бұрын
Rental?
@EveryCloud9999 Жыл бұрын
@@livinthedream7714 When you pay someone for the use of something.
@livinthedream7714 Жыл бұрын
@@EveryCloud9999 what are they gonna do with it?
@EveryCloud9999 Жыл бұрын
@@livinthedream7714 If you watch the whole video, you might understand what I’m referring to.
@buyystocks Жыл бұрын
yes big mistake by me in 2018 at $1300 lol
@SovereignSaurus Жыл бұрын
Wish I bought more then... But still made some great decisions that did me incredibly well on the whole
@buyystocks Жыл бұрын
@@SovereignSaurus good job, its fun when you buy right.
@SovereignSaurus Жыл бұрын
@@buyystocks Sure is!
@lickerishtuna6449 Жыл бұрын
An asset that generates no income is what’s known in investment terms as a wasting asset. The fact it generates no income means it’s difficult to work out its fundamental value, therefore its price is based on speculation. To investors an asset that costs you money to keep is known as a negative carry. The price of gold is pretty volatile, I would say it’s twice as volatile as the S&P 500. Gold has a high ulcer index which means it tends to have long and deep periods of drawdown. Gold does track inflation as it is a commodity however, bread and cheese are also commodities that have tracked inflation very well. Gold is generally seen as a good investment by those who distrust government and assume the collapse of the capitalist society we live in is imminent. All that said, I do think gold is worth having as a small percentage of a portfolio. I had think now could be a good time to sell. Gold will drop as inflation comes down and the dollar strengthens. I’m sure what I’ve said may come under some criticism from hardcore stackers so I won’t mention silver!
@SovereignSaurus Жыл бұрын
Thanks for dropping by. Appreciate the well written response. Most of those we're sticking points for me when I began investing generally and why I didn't give much attention to gold. A bit further down the line now I put a bit of the long term savings into gold though definitely not 'all in'
@abrayshaw1657 Жыл бұрын
Physical gold is not meant to generate an income (interest), as it is money, with no counter party risk. That is one of the reasons for holding gold (and silver). Conversely, fiat currencies deposited in a bank come with counter party risk (bank collapse). For the potential risk, depositors are meant to be rewarded with a decent rate of interest, above the rate of inflation. Not so these days. 1:02
@somaliskinnypirate Жыл бұрын
Like cheese, gold maintains its worth over time. One ounce of gold today will roughly buy the same amount of cheese in 100 years. I'm not going to buy 58 metric tons of cheese. It will spoil and I don't own any caves. Buy bullets..heck even they go stale in 100 years.. buy land they say. I agree, however that only works until the commie government decides your 100 acres is too much land for one family and should be redistributed...you know, for equity and community farms.
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