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BullionBob

Silver Premium Member
  • Posts

    518
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  • Trading Feedback

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  • Country

    United Kingdom

Posts posted by BullionBob

  1. 1 minute ago, silvergaga said:

    How will £57k+ gold purchases by TSF members to RM work, against our normal Xmas sales to and from each other from a liquidity point of view?

    Depends how much money everybody can find down the back of the sofa!

  2. My advice would be to think of your reasons for deciding to purchase precious metals and then have a plan to include the following.

    • Monthly budget
    • Spreadsheet tracker
    • Details of items you are interested in
    • Suitable storage facilities
    • Exit plan, i.e how will sell when the time comes.

    Whilst in the building phase of your stack, I would suggest not paying to much attention to the daily fluctuations of spot price and instead focus on accumulating metals within your budget. In my early days, I ignored this rule and frequently ended up spending my budget on nights out, meals etc, whilst waiting for spot to drop.

    Be sure to shop around but you will often need to look no further than this forum for highly competitive deals.

    Personally, I view gold as an alternative savings account and silver as a hobby, purchasing coins / bars that I enjoy.

    Also, look to build a profile and and sell some items from time to time, there will always be opportunities to make a little pocket money and reinvest in further metals.

    Most of all just enjoy the ride and i'm sure you will soon become addicted like everybody else on the forum. 😀

  3. 12 hours ago, Silverr said:

    Anyone know there stuff on German coins? 
    going to meet someone tomorrow who’s got a bunch could really do with some prices I should be paying . 
     

    thanks in advance

    German silver circulated coins are a minefield without knowledge, as the silver content differs wildly depending on the coin and year. I only recall this when buying some a number of years back and even the dealer had to look up each coin to make sure his pricing was accurate.

     

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