BEWARE of These COMMON Pitfalls when Buying GOLD!

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Title	:	BEWARE of These COMMON Pitfalls when Buying GOLD!
Lasting	:	14.56
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Views	:	30 rb

Any advise please on company "Buy-Bullion" Solomon Global? Selling 1oz gold coins in "slab" MS68, MS69 etc?
Comment from : Just Sayin

Although ignorant to buying gold and have been "duped" into purchasing "limited edition collectables," the company concerned insisted that they will probably be the potential buy back in the future Thank goodness I stopped buying graded coins after 10, another "if only" moment Doh!🙃☹
Comment from : Just Sayin

Thanks to this video Im reconsidering even touching gold Sounds like a huge headache and fraud and opportunist at every turn I guess its too much to get exactly what something is worth lol
Comment from : CharlottesMoviephile

Kangaroos are where it’s at
Comment from : JR Gb

Ive seen sovereigns being sold as restrikes, these seem to be much cheaper, i understand the concept that they have used the old original dies and punched more recent coins but would they be using the same type of gold etc 22ct
Comment from : stephen parker

Where do you recommend buying gold and silver???
Comment from : Tiki_Wizard

Where DO I BUY GOLD?!!!?
Comment from : KT Nolack

I’ve found through experience that a mix of different types of gold is much harder to liquidate at time vs having several of the same type to sale at once IE it’s easier to sale 10 eagles at once vs 1 of this and 3 of that and 2 of this etc!!!
Comment from : Craig Jones

Seriouslygraded bullion?
Comment from : Dean

So would pre owned Sovereigns be better to sell on at a later date?
Comment from : MGTOW CHAMPION

Great advice
Comment from : maximus meridius

I like pre 33 US coins but that’s it I won’t buy anything that isn’t 9999 and isn’t a maple/ buffalo as we pay taxes on anything that’s not 9999
Comment from : Cherokee Fit

We had an elderly relative that was getting bombarded by mail selling these , and they were being frequently called up by his ‘personal’ agent who would during LONG phone calls persuade them to make ‘investments’ that could be passed down to the family brbrTruth is, that is they had left the money in the bank , the family would have been much better off brThey were scammed out of thousands brbrWatch out for these scum
Comment from : A2Z

are you not worried that sovereigns are easily faked? I find its easy to be stung I prefer 1/4 brits or QB
Comment from : Webster

Hi Could anyone help?brI've just purchased some gold coins from bullion by post The buffalo ounce coins have defect around outer edge? I can't remember what the grooves around edge are called but they defects?brIs this OK?brThank!
Comment from : Bonny & Crag on the road

Britannia’s all the way 😊
Comment from : wayne wentworth

Have only recently purchased gold; lesson learnt, purchase bullion grade ingots rather than coins, better resale value; now, l am no financial advisorl was going to purchase more gold but; after due diligence; i am seriously considering investing in Norwegian Krona's; closest currency backed by resources that the good old USA will not attempt to take downMust have some powerful backers involved l suspect
Comment from : Daryl Roughley

Slabbed coins are just another layer to get through to test They also have heavier premiums Sigma Metalitics tester is required if buying PMs in volume Sovereign denotes any government minted coin (or bar) And yes, British Sovereigns rock
Comment from : Ole Dog

I think sovereigns are over-rated in terms of beauty and in terms of premium For example, a half sovereign is 22K and carries a premium of around 24 However, it carries a mintage figure release If you purchase a 1/10oz gold bullion Britannia, it is 24K and carries a premium of 21 It's security feature detailing is a work of art on it's own and looks more beautiful, however the mintage figure are rarely (if ever) released It's also worth noting that the premium on sovereigns and Britannia bullions reduce with increased size (ie a lower premium on a one oz sovereign coin compared to a higher one on a half ounce coin) Perhaps I'm splitting hairs here But for what it's worth, I believe that aesthetically and value for money that britannia bullion is the best and should have a numismatic attribute for it's features
Comment from : Dizzy Bee

I like getting sovereigns I look out for different mints and dates but many are over polished from pawn brokers and some like a bit dodgy too clean
Comment from : Steffen Moss

Gold shouldn’t be viewed as an investment but rather as insurance and preservation of your wealth against inflation
Comment from : Cold Shower

I only buy from the London royal mint,hopefully what they say is true,it’s the only way I think I’ll get it right in buying gold
Comment from : Dean

Great vid I have been thinking about adding a small amount of gold and doing some fag packet maths has told me that new Sovereigns are 112 over spot, 1oz Coins 108 over spot and 1oz bar 106 over spot I guess salability the other end is as important than the percentage over spot?
Comment from : MrButuz

hi m8 can i put this up on my site on face book group
Comment from : keith ainsley

Thats why i buy from a certain bullionbrThey are expensive but at least no chances of fake
Comment from : Henare Brown

Hi Have you heard of the King charles graded coin? I had a company trying to sell me some I'm a first time gold investor
Comment from : Wayne Moffett

Mexican 5 or 10 gold Peso's is a contender for my Sovereign collectionbrUp in the air which to purchase next
Comment from : Michael Buckley

Which is better in the UK, gold sovereigns or gold Britannias?
Comment from : Year 0

What is a good price for a single uk full gold sovereign?
Comment from : Winston Smith

I have a few 1oz metalor bars, bought from a reputable dealer as best value, I have receipts for them and they will most likely be part of an inheritance If I wanted to sell them back to the same dealer it would be below spot anyway, but in many years to come it will still be above what I paid for them I see many fake sovereigns for sale and as it is, so popular and such a simple design, it is as easy, if not easier to fake than the bars Safest in my opinion by far are Britannia's The first gold I bought has increased in value by 47 price iI paid against todays spot
Comment from : Stanian

I keep it simple you can't go wrong with 1oz eagles and 1oz buffalos
Comment from : Kirby Vacuum Mad Man

Tristan de Kuhna (sp?) That's a fascinating island I've fantasized traveling to They have coins coming out of there? Not that I'm a buyer but what am interesting part of the world Google has pics of it's bar the Albatross
Comment from : Andy B

To split hairs brbrThere are plenty of real older sovereigns from commonwealth mints
Comment from : ArsenicApplejuice

I would say as long as you know what you're buying, the "off brand Sovereigns" honestly aren't that bad Same amount of Gold for often a cheaper price than a Royal Mint Sovereign I agree what what those companies do is scummy, but they're still Gold at the end of the day, and the same amount of Gold as a regular Royal Mint Sovereign
Comment from : NumismaticMaster

100 Agree 👌
Comment from : Silver Coin Stacker

Would anyone recommend getting the new commemorative proof sovereign graded or just leave it as it comesbrbrJust thinking about long term condition and valuebrThanks
Comment from : Gavin Heslop

Regarding 5:20, that gold coin is the 2022 Gibraltar Saint George & the Dragon 22 karat gold Sovereign The reverse side design is by Lucrezia Delfini and the obverse side effigy of Queen Elizabeth II is by Raphael Maklouf
Comment from : Jade Nephrite

Would you say Hattons of London is a good place to buy sovereigns?
Comment from : Paula Johnson

You never define "sovereign" True, it's not trademarked, but that doesn't mean the term is meaningless: in the trade it means simply "coined by the mint of an internationally recognized government to serve as legal tender" If that's your gold, you're good Not that hard
Comment from : I, Libertine

I am so excited I got the same notification about the new Sovereign from RM being posted I think mine will take a little longer to arrive 😊😊😊😊
Comment from : MrsSputnik

You can’t trademark sovereigns What would the king call himself if you could ?
Comment from : Martin Mowbray

Thanks byb great stuff, I had money in the Bank zero interest, inflation 10 devalued it I believe buying gold has given me 10 profit even after paying well over spot
Comment from : George Wraith

You're so right Graded bullion coins are so ridiculous unless of course it's a HSN exclusive first day of issue😐😆
Comment from : Sean OConnor

And what about LMU gold, has the same feel for me as sovereignsbrNice coins to hold in hand and the right price
Comment from : T van Dijk

Graded coins aren’t always bought for the number and can be had for not a lot more than ungraded, however they can be classed as a bit more secure as they have been vetted and tested Just a wee thought
Comment from : David Martin

Would you buy sovereigns with the price they are now best value that is
Comment from : Daniel Garner

surely though, when buying non-trademarked sovereigns eg tristan da cunha or whatever, the important thing is the gold content? As long as you are getting gold content at or near spot price, you cannot go wrong, no? I mean, 1 or 2 above spot for boxed capsuled sovereigns with COA has to be a good price, no?
Comment from : Carl Defoe

Is buying sovs on eBay for around spot a good idea in your opinion, or should you stick to dealers to be safe?
Comment from : Pinhead Luke

Collectability is subjectiveisn't it?
Comment from : IBuildDBS

This is the first video of yours that made me worry I too own a Metalor 50g gold bar, bought from Chards back in May A good price, worked out just below £49 a gram Being from Chards and looking identical to yours I can be assured mine isn’t a fake, right? 😮
Comment from : Lee DM

I love the British 1OZ round so much that I got one last yr
Comment from : steve lauda

Another great video! Please more
Comment from : Jesse Dawg

🙂👍🏽
Comment from : FOSSIL METALS

Great video Im still quite new to stacking gold and feel even the Royal Mint can be misleading I have bought the 3 coin Memorial Sovereign set from the RM and they said that the Memorial Sovereigns would only be available until 31st Dec 22 but now I see according to their website that you can register interest in another 2022 bullion memorial sovereign to be ordered from the end of this January! I know my set will be proof but it never mentioned other 'versions' would be available at a later date so I feel a bit cheated now
Comment from : Chris Lumb

Great video as always BYB
Comment from : 365 Days of Silver

I have been thinking about picking up some sovereigns The timing of this video was perfect I didn't know that others produced them You might have saved me from making a mistake Thank you!👍
Comment from : Richard Metcalf

Another good one
Comment from : tallthinkev

What do you think of poured gold bars? I like to buy the 1oz Perth mint poured bar It's nice to handle a small bag of those with your hands sometimes! Lol I've not checked resaleability here in the states, but i couldn't imagine i would be offered much less than spot They are quite nice! I know a few others, like Credit Suisse , offers poured bars as well
Comment from : john

Great video 👍👍👍
Comment from : PCcoinstar

Do you have any information when the gold Britannia coin with King Charles will be introduced?
Comment from : Mikko

I only buy from apmex or jm bullion I figure if i get raped with the super high prices they like to charge it has to be goodlol
Comment from : john

Sovereign and gold (silver)close to spot as possible ,but as a new stacker I do like to buy good looking things but cheap I’m in the right place for cheap 👍
Comment from : Just Do It Adventures & Reviews

Enjoyed the chat as always! Proud member of the BYB Rambling society!! 🪶🤘🏼🪶
Comment from : Neoteric Silver Stacker

Great tips, thanks as always 👍
Comment from : Cannonball

Bars and private mint sovereigns are not for me Royal Mint sovereigns all day long
Comment from : Ian Bird

I love what you do I this sell all my gold and silver
Comment from : Andy silver

I like that Gibraltar one more than the others tbh
Comment from : Nonja Ninja

How quaint is it that I just bought gold an hour and a half ago and here we are viewing a gorgeous display with helpful tips
Comment from : Joseph Jones