(Only Premium Members are able to post in this section) Use this section to discuss personal finance or other investment ideas. For trading/invest in the Stock Market and Forex please use the dedicated General Market Trading Discussions section.
(Only Premium Members are able to view the content and post in this section) Discuss anything else non PM related in here, economics, politics, non-pm antiques, silver plate, the weather, what you had for breakfast etc... this section should also be used for topics relating to precious metals but that also cover politics or other non PM subjects in the same topic.
My long term physical bullion holding I am expecting to sit about 15% silver and 85% in Gold. The way the UK works having a large amount in physical for Silver is just a brutal upfront cost. So beyond an amount as an insurance to trade with I will stick with gold. I won't sell what I have as it was not really bought for that. Maybe a few as a general way to see how the private market process is. Unlike my gold the silver is not something I will just trade at spot to a dealer.
Any amount I want beyond that will be as a trade and will just buy some PSLV. There are the odd silver coin that looks cool that I may buy. However I don't consider these as an investment the same and just as something I want to own. If you were patient enough to just sit and pick off the odd deal that comes up then silver would be more worth it. For me it is a gradual purchase to keep my weighting of overall bullion to Net Worth at around the 15% mark.
If it wasn't for the crazy high premiums plus VAT on silver now, I'd definitely still be buying it, but then i am bullion focused rather than numismatic, so whilst there have been some beautiful coins released recently, they don't really tempt me. That being said, I'm definitely not getting rid of the silver i do currently have. It forms part of my pension fund and i have no plans to dispose of it till i finally admit to myself i don't really like working and would much rather sit by a pool. 😁
As for current and future purchases, they all have a distinctive gold colour at the moment!