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SierraWhiskyMike

Member
  • Content Count

    24
  • Joined

  • Last visited

Profile Information

  • Gender
    Male
  • Location
    England, United Kingdom
  • Stacker/Collector
    Stacker

My Precious Metals

  • Metals I am interested in
    Silver
    Gold
  • I am interested in
    Bullion
    Collectible bullion & Semi Numismatics
  • My current Stack/Collection is mainly
    Silver
  • What I am collecting / Investing in
    Silver Britannias, gold sovereigns.
  • Whats in my stack/collection
    Mostly silver Britannias. I also have a couple of silver valiants and a QB white horse of Hanover but the latter is a dabble in collectable coin appreciation and I'll probably look to flip it next year.
    Oh, and some 2020 sovereigns. Big fan of their low premiums and liquidity.

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  1. Silver is definitely not like gold but I don't agree that gold is somehow more useful. Gold can be used outside industry for hoarding and jewellery/decoration. That's about it. It's use in money comes from the fact that it's really rare and traditionally used for money whereas silver is 16-20x more common. Inside industry obviously it can be used in dentistry, dyes, electronics and the like. Silver can be used for a whole host of things industrially, including medical and clothing. Unless we're going to return to a gold standard (a chance that's close to zero), I don't think it
  2. True, but then most commodities aren't and it's definitely a commodity. As is gold, really, when you look at it. I think silver is actually in a surplus compared to demand but I'd expect demand to raise as solar power and electric car use becomes more widespread. At the moment prices are roughly fair for silver based on it being a surplus (for everywhere except the mints, which are struggling with supply). The big thing with it is that it appreciates as well as depreciates. There's an inherent value in the metal. If you buy a coin because you like coins and you lose a fiver over £40
  3. Yeah I mean contracts are enforceable but there's something like 170:1 ratio of paper silver: physical silver being traded. It's one thing to sue a company but if it's a now bankrupt subsidiary you're never getting that money out unless you can afford to pay the kind of lawyers it takes to get a case like that through the courts and win.
  4. The VAT is a key feature, adding 20% to final sale value. Dealers' costs are quite high too. Staff to run the shop, rates on the shop, maintenance on the shop (e.g. fit out, which isn't usually included in commercial leases) web hosting fees, storage space, telephone and internet bills, insurance because you handle a high risk product, delivery costs... Oh, and your own corporation tax. Silver isn't a big market, which means low volume of sales. Yes, a monster box is a lot of cash to an investor but I suspect it's barely £500 profit before tax to the dealer and they won't be shifting many
  5. Yeah it's a hard year to work out what to do with "savings"/investments. Stocks seem to be up, despite economies suffering; silver has shot up but is now resting on what's probably fair value - but in recent history it has traded at a discount, so do you want to buy more right now?; not the ideal time to start new businesses; cash savings are clearly ridiculous; bond yields are poor and potentially looking at negative real yields; gold is at a high; crypto isn't properly established as an asset class just yet... What do you do? Crazy times!
  6. I don't think anyone would due to the relative stability of gold vs. silver and the greater concentration of wealth in gold. If that kind of thing happens, it's more likely to just be a sale of silver then purchase of gold from the proceeds. The only way that I would trade a sovereign for silver myself is if the gsr was heavily in my favour and I was getting, say, 100 ozt of silver Britannias for a beaten-up sovereign but that would be so that I could sell a lot of silver later to buy a new gold coin. I do like silver and I buy silver but trading often doesn't fit in with my pl
  7. I hear you. I'm new to this but I have a kind of plan in place - because PMs are only one (well, 2) categories of assets I plan to have in my portfolio. I totally recommend that you *have* a portfolio of assets, not just silver and gold. Assets tend to fluctuate and ideally you want one to be in significant profit at the time you draw down and sell stuff off. To make sure that happens, you want PMs and equities or whatever, pairings that move in opposite directions. At least, if you see this as an investment, which your post suggests you do! My plan is quite simple: I want to build u
  8. Quite possibly but there's also funds and other bigger investors who will be rebalancing their portfolio positions, which is pretty normal whenever an asset goes up in price significantly. For example, if a fund specified 10% in commodities (e.g. PMs) and the new price rises took it to 12% it would need to sell off the 2% to comply with the fund manager's mandate. This is especially true if their equities position has taken a pummeling from the coronovirus price drops in March, which will amplify these kinds of imbalances. Could also be that the gold:silver is low enough that some investo
  9. I understand that the US have agreed to round 2 of stimulus in principle and are just working out the bill. Could be as early as August. I'm assuming that you invest in funds, which is a generally safe call. If you have doubts though, maybe drip feed your regular payments into a non-US facing fund for a bit until either the next downturn or until you feel it's safe? It's a little like timing the market (which rarely works) but you're leaving your funds invested. To be honest I doubt that in 5-10 years you'll notice any losses made now if you stick with a diversified plan and continue
  10. Well in good news: my fairly new stack is already appreciating. In less good news: probably coming to the end of the decent buying opportunities for the year. Mixed blessings?
  11. I'm going with Martlet on this one (which should reassure you) for a few reasons. First, the complaint quoted on reddit is that the system was unable to process mass sellout of orders as Bitcoin price plummeted. Back in 2017, this was a tech issue for the T212 platform. BTC is super-hyped and in 2017 if you remember people were going crazy for it, day trading like no-one's business. This means that traffic probably just overwhelmed the service. Hopefully this will be remedied since but otherwise it's a concern common to all platforms where shares change hands that frequently. Second
  12. I agree that silver is undervalued, especially given the hilarious debt we've just created for 'rona. Give it time for some of that new cash to start trading around and I'm betting silver price will rise, even if purely against the pound on inflation. Wouldn't go so far as to say stocks and property are going to crash just yet, although I'm expecting UK stocks to get a shock and growth to be slow. My reason for this is that more companies can cut costs by downsizing offices thanks to the popular working-from-home experience. This will hit commercial real estate prices for sure but it
  13. Yeah fractional trading means that instead of you being registered on the (now digital) share certificate, the platform is registered as the owner and acts as a trustee for your holdings, with you as beneficiary. This can be a problem because trusts for this particular reason are only as good as the ability of the beneficiary to enforce it's will on the trustee, who has the legal ownership. In a trust, the trustee merely has to act reasonably and in good faith for the benefit of the trust. If they don't agree with your plan to suddenly pull out of the market, I guess in theory they
  14. I agree. If you're looking for investments generally I'd say you're better off with ETFs than lots of fractionals. They're basically like owning a bucket of fractionals anyway and you'll get some diversification. I'm a fan of index/tracker ETFs because they're cheap on fund fees and historically perform quite well, depending on the index used. You can buy a lot of ETFs through trading 212 and avoid charges if that's your thing in an ISA or whatever. Have a look at the "money unshackled" YouTube channel. They're not always on point (especially when they overlooked PMs but they'
  15. Can I ask about this too? Price seems fair, I just don't have a spare £500... ...maybe if I search under the sofa cushions for a bit...
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