Lordwolfsbeard

"Credit is an evidence of banking , but it is not the money itself ; money is gold , and nothing else . "
   

Plus postage? this is gold deals not binlord thread 🙊

I was using H&L platform at the time for my S&S ISA and SIPP.  

It didn’t sit right with me how much H&L were pushing this new fund so I stayed away from it, then it bombed.
After I moved all my portfolios to AJ Bell.

Thanyou for your replies,well most of them 😉 I was referring to the day the coins (any) are released that within 5 minutes they are on Ebay for double + the price. Yes they have come down now and nearer the rrp and I believe now it's because people won't purchase at inflated prices and wait until they come down.I was lucky to get a 2oz James for £200 recently and have know problems paying over the rrp to aquire the coin I want. Apologies to anyone that might feel 'Niggled' just say what I think.

I know, this topic has come up a million times, I searched the forum... the reason why I decided to post is that, while we are on The Silver Forum and I see many stacking Silver, I just don't see any reason in it and I'd like to make the case for it, mostly because I want to know if I've got a point or I have missed something and I am flat out wrong.

EDIT: I am adding this at the top as it looks like it is being missed in wall of text. My whole point here is to look at capital conservation from a low budget perspective, I don't have much to spare and some of what I can spare I have decided to put into precious metals rather than keep it in the bank, where it only loses value thanks to inflation.
A little background:
To get started, a little about my background, which is none, as I have only recently gained an interest on the topic after discussing it at lenght with a couple of friends. I've done my first purchase nearly a month ago, getting 2 Silver Britannia from an online dealer (Bullion by Post) to get my feet wet and then I started researching, which is how I ended up with you lovely bunch of degenerates. I adore research, and Excel, I know, I'm a strange person. Anyway...
Define the goal:
The key component here is to define what we want to do and, as a stacker, I want to get the most value for the least amount of money.
Let's be clear, even as a stacker I don't see anything wrong in looking to diversify and getting different coins, as long as the price is right, when it comes to sell the worse you'll get for your 10 different 1oz coins is the same money, as they all are 1oz of precious metal, however, different coins could fetch different prices if offered first to a someone with a specific interest. On the other hand, someone might like to stack the same gold dollar and have a Scrooge McDuck bath, who knows. However, I'm going to ignore this and focus on one topic only, bang for my bucks.
The Theory:
1. Gold is King.
2. Silver bullions/bars for stackers are the worst possible option and should be avoided, I really don't see the point in it, the premiums are far too high.
3. If you want Silver, treat it as collection or buy scraps.
The Data:
I am planning my next purchase and I wanted to understand better this unholy topic that is premiums, so I went to the first website that came to mind and started looking at prices, for reference, I have used Atkinsons. Values were collected earlier this morning.

I have ported everything to grams so that I could compare 1oz coins with Sovereigns, which are listed in grams.
From left to right, coin type, weight (in either g or oz), conversion value (31.10 for oz to g, 0.9167 to get the actual gold weight in Sovereigns, as they are 22 carat), actual weight in grams, value at spot, price on the site, premium.
Left hand is Gold Sovereign and Britannia, right is Silver Britannia. Don't mind the 1/20 oz, I've seen some funny ones and included it here for curiosity, I might get a 1/20 Panda for a laugh one day, in the future, if I get really bored, and I win the lottery.
I am considering only British coins due to capital gains tax regulations, a collector might want to get Eagles, Pandas or whatever catches the eye, a stacker should look purely at value, Sovereign and Britannia.
I am looking at this from a low budget stacker perspective, so I have considered individual coins when discussing gold as I would not be able to purchase multiples, lower premiums means that you don't really get much of a discount online buying bulk, might change when dealing in person, I have no experience, so I'll stick to what I know. With Silver is worth looking at multiples as the premiums drops significantly, if I was on a budget and wanted to spend £100 a month in Silver, I'd rather wait 3 months and get 10 coins as the difference in premium is noticeable and would net me an extra ounce for the same money.
Looking at these premiums though, unless you really want Silver for whatever reasons, as a stacker Gold beats Silver hands down, there isn't even a game here, the worst premium on Gold is a Quarter Soverign at 21% versus the best premium for Silver at 45%, considering the same budget as above, going Gold I'd stretch it to 106 to get a Quarter Sovereign a month or, even better, get a half every other month. In a year, £100 a month side by side with Silver and Gold, buying in 10 x 1oz of Silver or Half Sovereign makes a huge difference.
At spot value, this is how you end up after 12 months:
With Silver you have 40 x 1 oz Silver Britannia, worth £778, and £52 change. £830 total.
With Gold you have 6 x Half Sovereign, worth 1,058, and £39 change. £1097.
It's huge, that's a 30% extra in net value, mostly VAT.
The missing factor, scraps:
There is one item that I have discussed several times with friends which I have not really seen discussed here, aside from one user that has done a very interesting post in a thread, which I really should have saved... I'll find it again, anyway, thatwould be Silver scraps. Sterling Silver can be sold easily and can be bought second hand without VAT, it should be worth to keep an eye out for auctions, drop the maximum you're interested in paying for the quantity and if you win is all gravy and you've got some nice Silver without premiums, however, I am going to ignore for the time being, haven't budgeted for this yet as it needs more research, I am considering getting involved in a few low value auctions for the sake of getting in and starting to learn about markings and metal identification, the best way to learn is by doing it.

EDIT: found the post I was referring to that made me think about premiums, only applied to Silver and Gold, rather than just Silver as in the original post, the user in question is Stefffana.

Conclusions:
My Strategy will focus on Full Sovereign for stack, I don't have the resources for Gold 1oz Britannia and the premium is the same so, why bother? Also, to the best of my understanding, Sovereign are sturdier due to being 22 carats.
I will look at skipping the odd Full Sovereign for some Quarter and Half, maybe once a year get one of each instead of getting a Full one, could be useful to have a few smaller denomination about.
For Silver I am going to nearly ignore it, I will look at getting a single Britannia for the sake of having the year and I might look to diversify into the odd release, throwing the odd quid at a Silver set twice a year doesn't sound too bad, in the future could be worth something to a collector, but I'm going to do that for entertainment and is going to be on a very limited budget, say 2 or 3 coins per year, nothing that would get in the way of the stack.
Have I missed anything?
Other than for the sake of collection, primarily due to VAT, I don't see any valid reason to buy Silver for stacking, am I missing anything? Is there something I am not understanding? As the only reasons why I see people getting on Silver, rather than gold, appears to be either budget, as they feel like they're getting more in their hands, or this idea that Silver will explode one day, but I don't really see any other reason. Am I wrong?
 
If you made it this far, thank you very much for your time, it is sincerely appreciated.
Thanks in advance anyone that is willing to contribute, I am here to learn.

Also Charles wants to be seen as a modern, progressive king, while stressing continuity. So I expect him to ditch the crown, but keep the earrings

Great tune. “This world of water” was another great pop effort.

@paul this video might help you out if your not busy looking at gold charts lol 🤣
 

And depends if on the size of the Axe head, some may need to use a sheep!

think you'll find the correct terminology is axe wound 🤓

Great stuff!
Now get off your high horse and drink your milk ! 😂

Picking the lesser of 2 evils is still choosing evil. I prefer to choose good. Not meaning to sound like a holier-than-thou tw@ but if you take a proper look into the monarchy it appears a cesspit of child abuse and scandals. I should point out that I'm a full on libertarian and think we should have a meritocracy as opposed to a ruling elite who quite literally refer to anyone not part of their bloodline as 'the goyim'. 
Politics is a farce as well, if voting mattered they wouldn't allow it. It's there to give you the illusion of choice imo. Just my 2 pennies. Each to their own, but I actually despise the monarchy and our government too. Government: 'govern' = 'control', 'ment' = 'mind', 'government' = 'mind control'. 

Cheers 👍

Can I reserve no 69 please.

Congrats Gordy, time to drink some rum. 🥃🏴‍☠️

Carry On Coins...Ooohhhh Matron. ☺️

Amen to that 🍻

We might be living in a Communist state by then.

In bed dreaming of what Dungeons & Dragons modules I was getting for Christmas. 

Easy to see why Wonger gave up!

Hi @FourNinesFine for me the whole idea of having a large pension pot is a crazy prospect, the concept of working all your life giving a 3rd party a load of cash all of your life and then they can tell you how much you can have back per month at 65-68 is odd especially you have to live into your late 80's early 90's to break even what you ploughed in
We talk about life span whats that?  70-75 if you are lucky, but not many people talk about health span, the point in life you are fit healthy and Independent to do what you want, it would be interesting to see what other on here think this is.  40-60?  The whole idea of working your backside off and wishing your live away to get to 68 so you can have  a pot of money sounds made up by the ruling classes to keep us all in check and all turning up at 9:00am on a Monday morning. 
I'm far from saying don't have any plans or savings for the future we are all capable of being the masters of our own future but we are hoodwinked into thinking we need other people or institutions to do this for us.  
At the end of the month always pay yourself first. 
 
 
 
 

Kudos gents and Happy New Year to you.

Kudos gents and Happy New Year to you.

I started buying silver because of the people at my local Stand in the park groups gave me a crash course on PM. That’s how I found this forum and have been picking up tips and valuable information which has turned into a hobby of sorts. I have spread my silver purchases to pre 1920’s British coins/ .925 cutlery/ 1oz Britannia’s etc and physical silver stocks & shares. I plan to keep them for the long haul and hopefully leave to my children with the intention of silver increasing in value.