#Gold #silver #preciousmetals
This Is My Plan For All My Gold & Silver Investments – What’s Yours?
In this video I talk about my plans for my gold and silver investments. I am stacking and investing in gold and silver for the long term and I want to have some money locked away for the future. I do not want to be working when I retire and as such I think prudent financial planning is key to building that wealth over time. My silver is profitable and I want to look over time to sell it for gold which I see as the ultimate hedge against currency and money. What is your plan, let me know in the comments!
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15 Comments
great video my friend good job 👍
I've mostly focused on silver these last few years. Now that the shop has been rebuilt and a new kiln wired in — I suspect some of the silver will be cast into long awaited projects. Chilled beverages included, of course. As to the nature of spending and the horrible choices people sometimes make, these things never change. In my wider circle of friends approximately a quarter of them scrambled to book holidays as soon as the Covid restrictions were sufficiently lifted. No thought to much else, or more sensible priorities if only in the short term, but just this mad rush to fly off and get back into their "lifestyle". Prudent spending be damned ! DAMNED, I say ! Cheers. As always, best wishes to Missus BYB. 🍻
I do not sell unless I really really have to.
Os there a sound in your video?
My metals are for many generations ahead and will never be sold by me. We all need to save in some hard asset because we know that fiat has only dropped over the years…I am 76…
Swings and roundabouts when it comes to the precious metals
You big show-off, with your 1 kilos 😉😋
I used to buy and sell my gold all the time. I always took a loss. I stopped selling my gold a while ago and just continue to add to my stack. I have been stacking for many many years and I agree with you silver will never "skyrocket" but its nice to have too.
Parting with it? Is that a thing? Just kidding, just don't look forward to it. Thank you BYB. Have a wonderful weekend.
saving is so important especially now most people don't have at least $5000 emergency fund because they chose other things less important but i sleep well at nite because i prepared a little for the rough times that are sure to come thanks for sharing well appreciated
Great vid.. Lots of food for thought BYB am now stacking gold as well as silver and will increase the amount of yellow stuff in the stack during 2023.. Stacking really has helped me with saving too.. Will be hard to part with bits of the stack as actually enjoy gold and silver but everything has a price… But looking to hold most for the long haul and to leave as hopefully a nice surprise for my daughter when am gone
Has to be gold here in the UK for stacking. Silver or Pt has to be collecting. I've never been a flipper and never will be. I don't regularly sell anything but if I have something that I could sell that someone else needs for a collection then I will let it go. I did sell a large amount of silver years ago and regretted it later and ended up buying most of it back later.
I have a stack of sovereigns saved for nice holidays when I get older.
I'm new to stacking. But if I could start again I wouldn't have bought 30 silver britanias. I would have focused purely on gold. I was excited to buy 5 silver coins at a time. But that damn 20% VAT lol
I’m a keeper not a flipper, but if the ratio between gold and silver significantly narrows then I’ll definitely trade some of my silver rounds & bars for gold
Now, in my opinio, is not the time to sell any pm metals.
I've recently swapped out some 1oz gold for the same grammage in fractionals (sovereigns).
To supplement my pension.
My silver is split 50/50 in 10oz and 1oz units.
The 10oz being for their design desirability, the 1oz for family support.
How many of my family will need help with their energy bills this winter?
In short my strategy has become somewhat curtailed, hearing that my grandchildren are struggling to be comfortable in their homes is unacceptable.