MondeoMan

Thank you kind sir. Remarkable jump in gold in just a fortnight. I'm seriously considering holding off buying anything for the forseeable, with price currently charging the fence. I know some may say don't worry too much about spot, but when its approaching all time highs, every sense I have screams sit tight and be patient. What are you all doing atm? For those of you already in, happy days! In the meantime, any recommendations for scales? I figure spending a bit more than 20 quid on a set from Amazon is probably best in the long run. Saw these online: https://www.scalesworld.co.uk/all-products/jewellery-scales/es-compact-bench-scale.html As always, your collective constructive thoughts and opinions are welcome.

Thank you 👍

Big thanks for the welcome to you all, some nice tips from Pete and Wileyfox, will look into scales and calipers. Atkinsons and Chards looked like good options after my first google search for UK bullion dealers, for a few starting reference pieces from reputable dealers. A silver membership will also be on my list of to do's in the near future. I did think about just trading PM's as a derivative - according to a tested trading plan - but the thought of holding real money (as opposed to all currency) appeals - and not just in a shiny thing way. Looks like I'm in good company...

Hello to you all, I find myself here courtesy of BYB's YT videos - just started going through the channel, many many thanks for your content. Not bought anything yet so for now I'll be mooching about the forum for hints and tips, so thanks in advance for your thoughts and advice. Like many, I'm looking to spread risk in case of future financial system stress. I don't have that much to spend but got to start somewhere and, as a UK resident, it looks like gold bullion coins/fractional coins are my best bet right now and the forseeable future. Silver premiums look harder to swallow right now, but maybe they won't look so painful in the event of financial collapse? I'm an occasional participant in the markets - on a VERY small scale, just learning how and breaking even ATM. So my first Q to you all is: does anyone hedge their physical position in any way? Tried a quick surf through the forum and barely any posts on the subject. I'm guessing for some that is counter intuitive, given that one of the reasons for stacking is to hedge against FIAT currency stress, why would you hedge your hedged position in a monetary system not known for being kind to the little guy? But it occurred to me that it's possible to at least partially protect a physical long position during a downward move - say weeks or maybe months - with a CFD (or maybe an ETF)? Your thoughts and experiences are most welcome.