https://www.youtube .com/watch?v=2YIQsiY4zuI

#Gold #silver #preciousmetals In this video I talk about some of the reasons why you should be very cautious and careful when buying gold or silver. Silver stacking or silver investing is not without its risks and should be done with a sense of what is right for you in your own financial circumstances. Silver investing can yield great returns beyond the financial freedom it gives but it can also be a liability. Be very careful when buying silver and gold that you are doing so at the right time in your life with the right reasons behind your decision. 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

16 thoughts on “Be VERY Careful When buying GOLD and SILVER | There Are Tough Times Ahead!

  1. When I purchase silver and gold – I’m doing it more as a “savings” than investment. I’m not too good at saving money so I convert it to precious metals. Yeh I know I’m paying premiums blah blah blah but I’m not going out purchasing the newest gadget or appliance that I don’t need.

  2. Wall Street is now telling you not to buy gold that gold price is crashing. But 7 month ago ,the Wall Street was telling you gold price could up to 3000 per O.

  3. Zero allure 100% common sense or ALT FIAT = zero = CRYPTO lose everything or keep something

  4. i appreciate your sober and objective comments. I feel that when I hear a podcaster often times I’m putting my self at risk. Money/finances is very primal and sometimes brings out the worst in people ie fear and greed. It makes us easily influenced and many podcasters, like you say are manipulative. Thanks so much for your integrity and honesty. Don’t stop!

  5. I think this all depends how you look at it, for me it’s a nice hobby that instead of losing me money will hopefully make me at least a small profit. I feel a lot safer than in a bank atm with the letters going out saying our accounts can be frozen in times of economic crisis.

    Index funds are still going to be my preference once this debt crisis is over (hopefully load up while they are cheap) but most people want a quick profit and look for crazy returns instead of investing in themselves to increase their cash flow. Nobody can take skills you learn away.

    Anyone who buys assets while in bad debt need to educate themselves on personal finance rather than look for get rich quick schemes.

  6. I’ve read replies to comments on this video where you’ve said in response to someone asking about how to get returns on silver considering there is virtually a 100 percent premium (VAT & buyers premium) and the response was ‘buy gold instead’. The other was regarding silver price increasing in the future and the response was ‘never going to happen’. IF silver is such a bad investment that is going nowhere then why do you personally invest in the metal? It seems like a total contradiction. If silver is such a poor investment then why are you stacking so much of it? (given the insane premiums and VAT). Surely if you genuinely thought silver was going nowhere, you’d be logical enough to not waste any money investing in the metal and would sink all of that money into gold? You sure do have a lot money invested in silver for someone commenting that it isn’t worth it because of the premiums and what you’ve said about the price remaining stable.

    It seems to me that you’re trying to dissuade people from buying silver because of the increased premiums we’re seeing (due to a buying frenzy), which is affecting your desire to buy. I have yet to see a video regarding precious metal investment that doesn’t have SOME sort of hidden agenda. If silver was such a bad deal in the UK then no one in this country would be buying it (and no one would be buying it in other countries that tax silver and have high premiums).

    I just don’t see the logic in throwing money away on VAT and buyers premiums for such an enormous stack as yours if you genuinely think that the price of silver will always remain relatively stable.

  7. Smart guy. I like silver coins too, but only because of their aesthetics. When i buy a gold coin I’ll usually throw in several silver coins in the purchase. I seriously doubt I’ll ever get my ‘investment’ back from Silver purchases. I’m confident I’ll do well over time with my gold

  8. OK, about not putting all your money into one basket. But we need to watch what Russia, China, India, Brazil, South Africa, and perhaps Saudi Arabia does (will they move away from the petrodollar?). If the USD stops being a reserve currency, then gold could be very useful. It depends on if the USA-dollar retains its global financial and economic hegemony.

  9. It times of uncertainty and unrest in the world ,and when hasn’t there been any ,gold silver always goes up ,,in the long term gold is best 👍

  10. We can pay off mortgages here in the US, we made double payment for several years, paid off balance 2 years ago, no penalties.

  11. Can the world do without Fiat currencies and will the so call LEADERS OF THIS WORLD allow it. I doubt. History has shown that humans are evil

  12. IT IS LIKE INSURANCE and only when BAD things happen than can claim the insurance which likely will not happen although this world is messed up

  13. My concern is a collapse, genuine or contrived, of the financial system and bank bail-ins. Gold, silver, and hard cash can be held outside of the system.

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