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MJ5050
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Posts posted by MJ5050
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I'm totally new to this and have been carrying out a fair bit of research into buying silver coins over the weekend. I've come across a few UK investors who favour American Eagles and Canadian Maples over and above Britannias. However, I would have thought that Britannias are a better investment as they are not subject to CGT. Are Eagles and Maples a better investment as they are more desirable and likely to be easier to resell than Britannias?
While I appreciate most investors won't be affected by CGT at the moment I read a few months ago that there are potentially plans to lower CGT to only £1k so if this happens this could affect more sellers of Eagles and Maples.
I guess my best plan is to buy a few of each of the 3 coins but basically I'm quite curious as to why some UK investors place Eagles at the top of their list when as a newbie, the CGT aspect points to Britannias being the best buy.
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Many thanks again for all the advice - I've just been wondering whether it is best to buy a cast or minted silver bar with a view to its future value and potential resaleability. If I was to buy a silver bar, I'd be looking to keep it for several years.
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Many thanks for all the detailed advice, very useful and much appreciated
The bar I was looking at was this one: https://www.gold-bank.co.uk/silver-bars/500-gram-gold-bank-investment-silver-bar-999/
but having heard your advice, I'm more likely to go for a Umicore or Metalor bar now.
Incidentally, (and apologies if this is on the wrong thread) has anyone had dealings with the Gold Bank in London before? As far as I can tell, they have excellent Trust Pilot reviews but I'd greatly appreciate it if anyone could recommend them or indeed any other UK supplier? I definitely wouldn't buy or sell through eBay.
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Many thanks GBStacking, much appreciated. As I say, I'm totally new to this but my instinct was to start with a recognised brand. I've just seen that Metalor is slightly cheaper than Umicore - is this because Umicore is considered superior or is there no difference in the desirability of these two brands?
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I'm totally new to the world of investing in silver and was just wondering if the brand name of a silver bar would make any difference to its future value and desirability?
E.g. I've just been looking at Gold Bank London's website and I see that they have sold out of 1kg bars of 'Umicore' and 'Metalor' but they have still their own brand 'Gold Bank' silver bars - would these own brand bars be worth less than the other 2 brands in the future or is value just based on weight and would therefore brand not make any difference?
Many thanks in advance
Why do some UK investors prefer Eagles & Maples to Britannias when Eagles & Maples are subject to CGT
in Silver
Posted
Many thanks for the advice, much appreciated. I'm probably over-analysing things too much to be honest! I guess as I'm new to this, I'm afraid of potentially buying the wrong thing but I'm sure I'm needlessly overcomplicating things.
As you say, CGT doesn't really represent a tangible problem. I'm probably best to buy a mixture of Eagles, Maples and Britannias.