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Mark1234
Reputation Activity
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Mark1234 got a reaction from stefffana in Baird silver bars
Yea they are. I'm usually going after the second hand stuff my self like
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Mark1234 reacted to stefffana in New to stacking, Advice needed.
Hi, @Rebmaa, and welcome in precious metals world.
Silver is very attractive now because apparently everyone is thinking about the spot price going up in next future. The demand from private stackers increased a lot from last September, but the demand from industry will increase much more in next few years.
There are a lot of opportunities to buy silver, not necessary from dealers, the best place is from this forum. If you want to stack only Britannia coins because CGT free, usual you can find at £27.5 - £30 each, depending of quantity. ( see for example @GreatBritishBullion ' s offer ).
If you are not interested about CGT free, there are lots of better deals around £26/oz. With a budget of round £420/month you can buy from Baird every month 500g silver bar, equivalent under £26/oz. ( see https://www.bairdmint.com/products/500g-silver-cast-bar ).
Also, you can still buy silver around spot price, sometimes under if you are looking only to accumulate quantity as scrap silver and pre 47 british coins. You will find a very detailed example about scrap offered by me before on another topic here:
Also, you will find my advice for any new stacker on here:
It is very wise to avoid expensive mistakes made by all new stackers only learning from other's mistakes.
Cheers and happy stacking, my friend!🤗
Stefan.
