If you have the money to buy gold, you should already have a couple years of food stored back, along with medicine, tools, spare parts etc. Buying gold without having preps, is like buying gas for a generator, but you wait till the power outage occurs to buy a generator, when there are none available.

@BackyardBullion

Ай бұрын

Waste of money!

@naapsulusmurmurusmurmurus2392

Ай бұрын

what are you thinking? if everything collapses there will be mad max world

@Rambo88568

Ай бұрын

Yup

@Jumpingintosilver

Ай бұрын

I wouldn't want to live in a apocalyptic world

I'd just wast the money if I didn't buy precious metals

@BackyardBullion

Ай бұрын

This is a great way of saving for sure.

I bought my first two pieces of gold 3 weeks ago. 2 pre owned sovereigns from Atkinson’s. Love them.

@BackyardBullion

Ай бұрын

Awesome!

Sold my house and porsche and bought a motorhome, 5 acres in Spain, £500 worth of seeds,water filters, solar panels +battery, silver and gold 😉

@BackyardBullion

Ай бұрын

Sounds like the life!

Of course shot is great but when people don't know what things are they don't know the Purity and the weight of course it doesn't help. What people need to realize though is that gold and silver are better used after the crap that hit the fan has settled, not while it is still spraying. Having other things to trade, being useful with skills and services, as well as having a community will do you far better

@BackyardBullion

Ай бұрын

Totally agree buddy! Well said!

@TheHealthLife

Ай бұрын

There still needs to be a way to exchange. Are you going to carry 10 chickens down the road? Silver is best for this. Gold is for AFTER the SHTF

I think we will all be wrong if the financial institutions fail. We will probably regret that we as a society didn't preserve and appreciate what we had.

@BackyardBullion

Ай бұрын

Totally agree. Probably one of the best comments on this subject I have ever seen.

@GhileMear250

Ай бұрын

@@BackyardBullion Thank you. That's kind of you to say. I appreciate your balanced and realistic perspective on precious metals and the world in general. It makes me nervous that some folks almost seem to be looking forward to the possibility of financial collapse. No matter how much a person preps, I doubt their life will be better if the economy collapses than it is now.

@327MONEY20

Ай бұрын

We wouldn't be in this situation if the government didn't print 11 trillion in the last couple of years. 100 years worth of debt printed and spent in 4 years.

@GhileMear250

Ай бұрын

@@327MONEY20 You may be right and I don't know the numbers well enough to comment on the specifics of what you said. I'm sure the blame for "this situation" is complex at best though. The point is that total financial collapse is not going to make our lives better than they are now, even if we have precious metals available.

For me, gold and silver are wealth preservation, and a hobby. Nothing more.

Not total financial collapse but one reason for the increase in gold prices is because most of the world has lost faith in the dollar as a reserve currency and is liquidating dollar reserves (bonds et) to purchase gold. All due to the weaponising of the dollar against other currencies and to the incredible debt of the United States. Remember that the gold price at present is set in dollars and that China owns the London Metal Exchange.

@BackyardBullion

Ай бұрын

Thanks for sharing your thoughts!

“You will own nothing, and be happy…..”

@BackyardBullion

Ай бұрын

Not me!

@mattmatt6572

Ай бұрын

I will own nothing after they have all my lead

@sang3Eta

Ай бұрын

The original title was "You will own nothing, have no privacy, and be happy*" - WEF Agenda 2030. *Communism punishes dissent.

@BackyardBullion

Ай бұрын

Tinfoil hat alert

@davidwebb4904

Ай бұрын

@@BackyardBullion The Tinfoil hat wearers were absolutely right with the BatFlu, and the Fizer poison. I wouldn’t discount what they have to say. But thats an individuals decision to make.

Buy toilet paper futures.

@BackyardBullion

Ай бұрын

A wise idea!

@stephenyoung8429

Ай бұрын

I had this conversation with a business man 6 months ago, and my argument was "one day toilet roll will real currency when life gets complicated "! He laughed and I sit with about 2000 rolls, but let's see 😂😂😂😂😂

@gwynedd1

Ай бұрын

Something golden is better, like a brass nozzle.

Always love the pouring vids... Bring them on 👍👍👍

@BackyardBullion

Ай бұрын

Thanks my friend!

You didn't make a profit. You maintained your purchasing power. £1800 will buy you what £900 did 10 years ago. 7% true inflation.

@BackyardBullion

Ай бұрын

I disagree. Not everything in this world has doubled in price in the 7 years (not 10) that I have owned this gold. Some things are way more expensive, yes - but most things are not double.

@philp8134

4 күн бұрын

@@BackyardBullion Food has almost dubbled in the past 3-4 years..along with many other essential day to day purchases....all due to money-printing causing inflation. Keep all your spare money in real assets..not ponzi bank notes.

Gold might not but Silver, BTC may have a better option in a financial collapse. Then again, best to make sure you can grow ones own veg/fruit etc

@BackyardBullion

Ай бұрын

Totally agree about growing your own food.

@frankcolliton10

Ай бұрын

Bitcoin would be worthless in a financial collapse as there is nothing backing it. 😊

@gwynedd1

Ай бұрын

a 1/10 oz gold coin can be taped into your belt. Easy carry . BTC is good to alienate it from your person until safe location. Silver is good for local trade. All has its uses.

I have relatives abroad wiped out by hyperinflation and they held zero precious metals (which they now regret). Also the dollar's already failed twice - the Continental dollar went kaput and so did the Confederate dollar. BYB you just don't know what the future holds. There's no certainty sterling, euro or dollar go to zero on a long enough time horizon. Gold and real estate all the way. Sell bits when you really need it.

@BackyardBullion

Ай бұрын

Thanks for sharing your thoughts!

All fiat currencies go to zero value because to too much money supply and debt. So the gov. works off of that premise and thus, expect the fiat to go to zero, then the whole house of cards fall, then they reset to a digital currency which is part of the WEF agenda for 154 countries, only one problem, it will have no more value than the old fiat currency, but the good thing for gov. is that the old national debt will be eliminated and they can start fresh. Now lets look at what the effects of this scenario play on the price of gold and silver, well when the crash happens silver should reset to 20 to 1 oz of Gold, prices will fall on metals, this would be a good opportunity to sell your silver and convert it into gold, so you get two or three times your value for your silver when buying more gold at that point, but be aware that these low prices will not last long for metals, because after that the sky is the limit. Gold over time has proven to protect wealth, it is a tier one asset along with Silver and according to the international bank of settlements is the highest form of payment on the planet now. Gold and Silver are real money, all the rest is just credit on borrowed time.

Great video thx for sharing enjoyed it

@BackyardBullion

Ай бұрын

Glad you enjoyed it!!

If I want to, I could take silver to the market place or a farmer and pretty well buy what I want. People today are wise to gov. currency and do not see it as a store of wealth, they see it as a depreciating asset and want to get the value it has before it goes down. Gold can be used in a depression to convert to the currency of the country, then you buy what you want.

The dollar is on the way out as the currency of last resort it’s worth 99.9% less than it was in 1935 when it was worth about $35 per ounce, currently now at $2338 per ounce. The reason gold is high and going higher is every single central bank and their auntie is buying tons of the stuff.

@BackyardBullion

Ай бұрын

Will be an interesting few years ahead for sure!

Not just 1oz gold coins that are struggling to sell. I've noticed on tsf even fractional gold is taking a while to sell even at or below spot. Maybe people think the spot prices will fall?

Many thanks for your expertise and thoughts👍answering your question I would keep only if something bad happens too the world economy I would sell.

@BackyardBullion

Ай бұрын

Thanks my friend, appreciate it!

The rising price of gold is also a reflection of the decline in the purchasing power of the dollar.

@BackyardBullion

Ай бұрын

Yeah, totally agree.

@MelvinCooper-ov8lg

Ай бұрын

👍

@MelvinCooper-ov8lg

Ай бұрын

The cash will toilet paper soon

BYB, In my opinion you are looking at this from the wrong angle! Silver will be the trading metal, not gold! You slated silver not so long ago, however silver has gone up since then, and tomorrow im guessing it will be at 23£ an oz 😊

@BackyardBullion

Ай бұрын

Thanks for sharing your thoughts!

@abc-ye2ec

Ай бұрын

@@BackyardBullion Ya sterling was always a pound of sterling silver...

Silver & gold is just Item #8 on your list of 15 items to prepare in event of total financial collapse.

@BackyardBullion

Ай бұрын

What are the other 7 items before it?

Great vid... There are more preppers and those who work on self reliance in the UK after the last 3 years and the nonsense of it... Metals will play their part but we have water, long term food, and energy... Skills are massively under rated tho.. We have invested in learning to grow our own fruit and veg the last 3 years and can produce 300 Kilos plus of food a year so will not go hungry.. My partner is a nurse.. With vital skills.. Good advice on the bigger sizes versus fractional gold 👍👍👍

@BackyardBullion

Ай бұрын

It's certainly becoming more mainstream!

First thing to be sold when people panic imho, during that period you don't want to be selling

@BackyardBullion

Ай бұрын

Yeah, I agree.

@mattmatt6572

Ай бұрын

Stock up on Ramen noodles when shtf you will get gild for noodles as much as you want. Better off stackingvramens and lead

Holding Gold in that situation, would be the least of peoples problems. Given our society is dependent on Digital Fiat Currency, for it's entire operation. The 'Just in Time' society we live in would cease to exist. Along with it every facet of our modern society, we currently take for granted. We don't even have the Infrastructure any more, for manual, non digital operation of our societies functions. So people had better pray that, terminal scenario never happens. Because it would be the end of the world as we know it...

@BackyardBullion

Ай бұрын

You're not wrong, thanks for sharing!

I stack gold for the same reason. Transport wealth through time. Another positive, at least here in the U.S. under current tax law, the value of the bullion for capital gains purposes is set at the value when it was inherited. I’ve always liked fractional gold. Standard 1/10, 1/4 and 1/2 oz plus the pre-33 U.S coinage, but not sure I’m ready to sell off my 1 oz size bullion because most of it is in the form of Liberty Head or Saint Gaudens Double Eagles.

Buy your necessities for prepping first, then buy your shiny metal.

@BackyardBullion

Ай бұрын

Do you really think they will be needed though? Just seems like a waste of money

@Rambo88568

Ай бұрын

@BackyardBullion Might seem like a waste of money until it's things you need. In any inflationary event, it's best to own commodities that are increasing in price than not.

@martinsmith3354

Ай бұрын

@@BackyardBullion Store what you eat, eat what you store, You have car insurance, house insurance, health insurance. Why not food insurance?

In my opinion if dollars go to zero, gold and silver price will be what the will bare

@BackyardBullion

Ай бұрын

You would be very right!

As they inflate the currency supply & devalue the dollar, pounds, euro ect it takes more of that monopoly currency to buy the same thing. Think houses go up in value? Yes supply has something to do with it but its the same bricks, mortar and a roof... It takes more of that devalued paper to buy the same thing.

@BackyardBullion

Ай бұрын

You make a good point, thanks!

@jonh8125

Ай бұрын

People should also take into account and remember. More than 4800 fiat currencies have come before ours ... All have failed. Buttons, barley, seashells, sharks teeth amongst other things have been used as a medium of exchange but Gold and silver have stood the test of time. Fiat currency only has value because a government deemed it so (fiat) Also remember what else fiat stands for .... Fix It Again Tomorrow 🫣 Zimbabwe, Venezuela, Turkey, Argentina and even Weimar Germany are testament to gold and silver holding purchasing power during severe or hyperinflation

06:30 “Gold is backed by the value of the Dollar” Ahem! The dollar is only backed by: 1. Other country’s requirement to hold it in order to trade with one another. The BRICS countries have a few thoughts on this… 2. US Bonds and the confidence of a return on investment. I.e. DEBT based Keynesian economics. Essentially bankrupt as it can’t pay the interest on them. 3. The Petrodollar was created, but it could also easily be argued it’s backed by lead…(Ammunition!) However that didn’t stop the Saudi’s joining BRICS! GOLD is a tier 1 standalone asset as announced by the Bank for International settlements a couple of years ago. (Silver is not btw.) Many central banks (BRICS) are buying the stuff to potentially back their currencies.

@BackyardBullion

Ай бұрын

I did correct myself immediately after

@John-FourteenSix

Ай бұрын

£133 for a Sovereign is great.

@BackyardBullion

Ай бұрын

It is a half sovereign!

@John-FourteenSix

Ай бұрын

Still pretty good.

Gold has spiked a tiny amount (in comparison to a SHTF scenario) and already I'm seeing under spot gold not sell.. who's buying your sovereign if its worth 5k or whatever lol we will likely go back to old silver coinage in a barter scenario.. silver shillings and the like

@BackyardBullion

Ай бұрын

Thanks for sharing your thoughts!

When government bans private ownership of gold…. Its happened before…

@BackyardBullion

Ай бұрын

Yes, but that's not possible now.

@aerial558

Ай бұрын

Very interesting topic, I guess if all out war around the world governments might but it would be difficult to police👍

@davidwebb4904

Ай бұрын

@@aerial558 at gunpoint….. and they know who has it, because dealers keep records and KZreadrs show off their stash… They also have spare keys to every safety deposit box in existence.

@monetarnie3841

Ай бұрын

It happened before and it didn't matter. People still held gold and used it. Executive order 6102 didn't confiscate all gold coins in the USA. It was impossible

You SHOULD pour a gold bar. Then send for hallmarks. 😎

I totally agree it would be a bad world if that happened I just want it to protect my savings

@BackyardBullion

Ай бұрын

Good to know!

Gold is for after the SHTF, not during. Hold onto your copper pennies and nickels

@BackyardBullion

Ай бұрын

Totally agree!

If people are interested possible to buy under Spot from The london mint office. Currently £108 for a Quarter (albeit Gibraltar minted) "Sovereign" (22ct 1.99g)

@BackyardBullion

Ай бұрын

Hmm, avoid that company with a barge pole. They will spam you with marketing materials. It's a entry product to get your details

A gold pour would be special 👌

@BackyardBullion

Ай бұрын

I may well do it at some point!

sovereigns are the best bullion to stack

@BackyardBullion

Ай бұрын

Totally agree!

No one in their right mind would pt everything into metals. The covid business was a pointer as to what was valuable.

@BackyardBullion

Ай бұрын

I totally agree.

If the leevee breaks, it all breaks, society, your life, your health, it’s over folks in 3 years time, do what you can now to be happy and spend time with loved ones

@BackyardBullion

Ай бұрын

Time will tell

It go to the moon Inflation go faster They have to rise interest to stop inflation.But they have a problem.They can’t pay interest on debt Nowe 1 trillion debt in 100 days.gold silver go crazy if collapse comes

@BackyardBullion

Ай бұрын

Hmm, I don't think so. Take the tinfoil hat off buddy

@marceldekker2149

Ай бұрын

Gold is money Anything else is a liability (Alan Greenspan)

@marceldekker2149

Ай бұрын

Like the 70 it’s go crazy

@BackyardBullion

Ай бұрын

Doesn't really explain why you think in 100 days gold and silver will go crazy. But sure!

@marceldekker2149

Ай бұрын

Goldman Sachs Have a lot of silver mining stocks I do the same😂😂😂

Love that £5 manx piece

@BackyardBullion

Ай бұрын

Its a beauty

That's what silver is for , not very complicated

Diamond hands on gold.

It would be a horid place to live

@BackyardBullion

Ай бұрын

The US?

Nice to see an Isle of Man coin 😎

@BackyardBullion

Ай бұрын

Love the IOM coins!

Gold is only worth what you can trade it for.

@BackyardBullion

Ай бұрын

Yes indeed

@stephenwilder3525

Ай бұрын

Trade it for a house

Bars, coins, etc, would be useless...... Best collect a large stash and set up a bank.... gold as collateral.. Have silver and copper for barter.

@BackyardBullion

Ай бұрын

Do you really think this is a practical solution? Where are you going to store enough copper!?

@siobhancallahan5279

Ай бұрын

@@BackyardBullion well if you live in a fall out zone (I dont) then nothing is useful except food and old clothes The gold is collateral for the bank ... transferred into paper money for the community The coinage would be a mix of silver with gold, silver with copper and copper... all made into coinage

I'm doing it to save

@BackyardBullion

Ай бұрын

Good stuff!

“Doubled my money” - no you haven’t in real terms - the purchasing power is the same but that’s the point of gold - preserve purchasing power through time

@BackyardBullion

Ай бұрын

I disagree, just 6 years we have not seen a doubling of everything. Gold has doubled, not everything else has.

@K_a_r_l_o_s

Ай бұрын

@@BackyardBullion 100 years ago an ounce of gold could buy say a very nice suit, today it will also buy you a very nice suit. What's changed? The ounce of gold or the currency? Why not all prices have doubled is due to things like mass production of goods, labour costs not rising with inflation, cheap imports and shrinkflation.

@SweetLeavesXbox1

Ай бұрын

How much was a house before 2020?? Lol

@BackyardBullion

Ай бұрын

If you are spending £1800 on a suit you have problems...

@user-ql5nz9hc7k

Ай бұрын

@@BackyardBullion Touché 🙂

$70,000/oz

Well...not realy in that scenario, but right after it, if we survive...precious metals will be king toghether with some st of skills. I might be totaly wrong...🤷‍♂️

@BackyardBullion

Ай бұрын

Totally man.

I prefer lead, brass, and gunpowder.

@user-ql5nz9hc7k

Ай бұрын

Here we go again...

@BackyardBullion

Ай бұрын

Hello America!

@user-ql5nz9hc7k

Ай бұрын

@@BackyardBullion 🙂

Shopping is what silver is for.

@BackyardBullion

Ай бұрын

I agree, but for larger purchases can you lift enough silver?

@stephenwilder3525

Ай бұрын

@@BackyardBullion exactly. Silver for food, Gold for homes. 🏡

Careful, if you show off any more gold you will end up with a fire drake in your home 🤣

Ask the people of Gaza what gold is worth in Palestine…

@BackyardBullion

Ай бұрын

I suspect food is much more sought after.

@HankSemoreButz

Ай бұрын

@@BackyardBullionDavid has a point.

@SweetLeavesXbox1

Ай бұрын

100/100 comment. Someone with common sense. If the dollar hit zero in value. Gold is useless due to a purge like situation. No1 is working due to no currency. No law will be enforced due to no officers. People would ravage the grocery stores and whatever the people would need as a necessity. People already do this when a major storm hits. People flood the grocery stores for food. It will be like that but a million times worst due to no law. Having gold at that time is probly a bad thing. If anyone valued it, they'll probly just kill you for it. No repercussions due to no justice. Food and water would be the most valuable thing. People seem to use this reason as an excuse to stack gold. Idk why people need an excuse but it's extremely annoying hearing that excuse.

@mattmatt6572

Ай бұрын

#1 you can't eat gold #2 gold is kind of expensive to make bullets out of. If shtf you best have another plan it could take a year or so til people start excepting it as barter

@scottll

Ай бұрын

​@@SweetLeavesXbox1I don't think anyone serious assumes gold will be of much use in the initial days of complete chaos. It's when some kind of order is established after the chaos that gold will reign again. Just like every single time throughout recorded history.

Maybe not but lead will help. I think when fiat systems through out the world collapse your silver and gold will be much more accepted as payments for everything. We all really only know our current fiats but that will change, it's uncharted waters as of right now. Zimbabwe j just went goldbacks that's gold then fractional, then 1 oz. Etc until government figures out a new system. Physical 😅Gold and silver is the safest investment now

@BackyardBullion

Ай бұрын

I agree silver and gold is safe right now. Lead, not so much.

@johnpower8356

Ай бұрын

Lead makes me very safe

If the BRICS countries and Africa are buying gold and silver, then I'm buying gold and silver.

Gold and Silver are sound money, the only money. Everything else is derived from them. PM's have an intrinsic value. Currency is just slabs of worthless base metal or paper c/w ink. Tokens/empty promises.

at the end it will

@BackyardBullion

Ай бұрын

It will!

Buy what they buy, got it?

Made up? 20oz silver gets me a little more than quarter cow of beef

@BackyardBullion

Ай бұрын

But can you actually take that silver to the butcher?

@BernardVillalon

Ай бұрын

@@BackyardBullion Yes sir I go to a farm a few friends chip in we usually get a whole cow farmer is our butcher he even packs them evenly

It go crazy iff crash comes.The only TER 1

Words of wisdom

@BackyardBullion

Ай бұрын

Thanks my friend, appreciate it!

Mate I just watched to the end. What do you mean, the economy is looking good?lol The USA gov are incurring 1 trillion of debt every 3 months.....on their interest payments alone. In which kind of world would that be a good economy? Europe are in an even worse position. Gold is going up cos many central banks are getting out of the dollar and into real assets...especially the eastern countries. They are encouraging their citizens to do the same.....buy gold. Our western governments dont want us buying gold..they want us to buy ponzi stocks that will be siezed as collateral in the event of a financial collapse.

I see you have a collection of bullion and bars, do you purely stick to buying royal mint bullion that is CGT free.

@BackyardBullion

Ай бұрын

Yes, I do know that. CGT is important but also you can own others and still not pay tax on it. You just have to be careful not to realise more profits than your annual allowance.

@Shreddahtrades

Ай бұрын

@@BackyardBullion thanks for getting back to me, what other gold or silver is tax-free in the UK?

@BackyardBullion

Ай бұрын

Any coins from the royal mint with a £ denomination. Only coins, not bars. Sovereigns are included too. Very important to remember that bullion bars from the royal mint are not included, they have CGT. Coins do not. Only from the royal mint, sovereigns from private mints do not count.

There wont be a full gold standrd or even partial gold standard again, if we had it during the pandemic we would all be dead now. Gold or silver wont help you in a SHTF situation, they will help you after its over and things return to normal again

@BackyardBullion

Ай бұрын

Totally agree, its about getting through to the otherside with your wealth intact.

Nobody's going to buy your gold. Go out right now and try to sell an ounce eagle for $20 to people on the street. You'll fail.

@BackyardBullion

Ай бұрын

Yeah, the lack of knowledge on it is mad

Perhaps you won’t need gold granules to trade with, have you not heard of clipping you have well clip a few here or there been going on for hundreds of years. So the answer is of course. lol.

@BackyardBullion

Ай бұрын

I have heard of clipping, its very interesting!

I'd love to see a pour.

In Venezuela, they use stable coins pegged to USD or bitcoin. If the USD hyper-inflates, then the only option left is bitcoin. There's also no concern if the bitcoin some rando on the street is trading you for is real, if they send it to you and you receive it, you know it's real. Also, if there is a market crash, the dollar might be the only thing left standing, with gold and bitcoin crushed when every hedge fund in the world sells them off for dollars.

@BackyardBullion

Ай бұрын

Hmm, bitcoin is made up, gold is real.

@monetarnie3841

Ай бұрын

In Venezuela You can pay in gold flakes for a bottle of water or in a barbershop. BTC contrary to the popular belief can be switched off by the government together with the internet or confiscated/taken over by whoever is behind Nakamoto. Gold is physical. BTC is not.