Pete

I was tempted by the 2oz Lunar III mouse sold by @James32 and then decided "what the heck" let's build the set adding the Ox and Tiger so now I am committed, waiting for 2023.

All 3 coins arrived today -

You have to decide whether you want to buy gold coins or gold bars.
My advice is to choose 1 oz coins like new Britannias that are 24ct gold.
If choosing bars keep below 50g size.
Avoid larger bars because what you may see as a small discount isn't worth it and when ( if ) it comes to selling you may find it harder to sell at a decent price.
Some will suggest buying sovereigns.
Perhaps this is good advice and I would definitely consider if you can find them at a decent price meaning say 2% over spot if that's possible these days.
Selling sovereigns is fast and easy and there are lots of buyers keen to buy.
Dealers worth checking are - Atkinsons, Chards, Sharps Pixley, BullionbyPost to name a few.
You have to constantly check prices as they fluctuate every minute.
Another consideration is whether you want to plunge straight in and spend all your money at one go.
No-one can forecast the price of gold and there is every chance it can fall as fast as it can rise.
It is trading quite high at the moment but with high global inflation some will argue it can only rise ( not in value but not falling like fiat currency ) so retaining true value.
As for where to keep it.
£20k in gold is only about 13 x 1 oz coins so not even filling a tube.
Either hide this at home, maybe get a decent safe or consider a bank safety deposit box.
If you are likely to increase your holding then definitely a proper home safe or a bank vault.

I was tempted by the 2oz Lunar III mouse sold by @James32 and then decided "what the heck" let's build the set adding the Ox and Tiger so now I am committed, waiting for 2023.

All 3 coins arrived today -

You can establish a business as a sole trader, a limited liability partnership or a limited company.
There are pros and cons to each.
If a business is VAT registered it must charge VAT on sales and can claim input relief on purchases.
All businesses can offset lots of expenses against their profits and good record keeping is highly desirable.
Selling PMs as a business will require a good website ( not necessarily cheap ) making it easy to buy and pay.
You will have to consider how you will order, store ( protect as well from theft ) and ship your inventory.
Forget taking a day off for a break and as soon as you employ any help, can you trust them when a stock check doesn't balance ?
If you have a substantial amount of inventory and prices fall would you hold your inventory and not sell ?
Many of us stackers are sitting on mountains of silver bought 10 or more years ago and if we sold today we would still not recover our costs.
I think trading can be fun as a hobby or part-time business to make a few bob and will definitely keep you busy but when you perhaps work out your hourly income it might not look so great.
Easy when you buy cheap and sell high but predicting the peaks and troughs is no different to betting red or black on roulette.

I was tempted by the 2oz Lunar III mouse sold by @James32 and then decided "what the heck" let's build the set adding the Ox and Tiger so now I am committed, waiting for 2023.

All 3 coins arrived today -

I was tempted by the 2oz Lunar III mouse sold by @James32 and then decided "what the heck" let's build the set adding the Ox and Tiger so now I am committed, waiting for 2023.

All 3 coins arrived today -

You have to decide whether you want to buy gold coins or gold bars.
My advice is to choose 1 oz coins like new Britannias that are 24ct gold.
If choosing bars keep below 50g size.
Avoid larger bars because what you may see as a small discount isn't worth it and when ( if ) it comes to selling you may find it harder to sell at a decent price.
Some will suggest buying sovereigns.
Perhaps this is good advice and I would definitely consider if you can find them at a decent price meaning say 2% over spot if that's possible these days.
Selling sovereigns is fast and easy and there are lots of buyers keen to buy.
Dealers worth checking are - Atkinsons, Chards, Sharps Pixley, BullionbyPost to name a few.
You have to constantly check prices as they fluctuate every minute.
Another consideration is whether you want to plunge straight in and spend all your money at one go.
No-one can forecast the price of gold and there is every chance it can fall as fast as it can rise.
It is trading quite high at the moment but with high global inflation some will argue it can only rise ( not in value but not falling like fiat currency ) so retaining true value.
As for where to keep it.
£20k in gold is only about 13 x 1 oz coins so not even filling a tube.
Either hide this at home, maybe get a decent safe or consider a bank safety deposit box.
If you are likely to increase your holding then definitely a proper home safe or a bank vault.

You have to decide whether you want to buy gold coins or gold bars.
My advice is to choose 1 oz coins like new Britannias that are 24ct gold.
If choosing bars keep below 50g size.
Avoid larger bars because what you may see as a small discount isn't worth it and when ( if ) it comes to selling you may find it harder to sell at a decent price.
Some will suggest buying sovereigns.
Perhaps this is good advice and I would definitely consider if you can find them at a decent price meaning say 2% over spot if that's possible these days.
Selling sovereigns is fast and easy and there are lots of buyers keen to buy.
Dealers worth checking are - Atkinsons, Chards, Sharps Pixley, BullionbyPost to name a few.
You have to constantly check prices as they fluctuate every minute.
Another consideration is whether you want to plunge straight in and spend all your money at one go.
No-one can forecast the price of gold and there is every chance it can fall as fast as it can rise.
It is trading quite high at the moment but with high global inflation some will argue it can only rise ( not in value but not falling like fiat currency ) so retaining true value.
As for where to keep it.
£20k in gold is only about 13 x 1 oz coins so not even filling a tube.
Either hide this at home, maybe get a decent safe or consider a bank safety deposit box.
If you are likely to increase your holding then definitely a proper home safe or a bank vault.

You have to decide whether you want to buy gold coins or gold bars.
My advice is to choose 1 oz coins like new Britannias that are 24ct gold.
If choosing bars keep below 50g size.
Avoid larger bars because what you may see as a small discount isn't worth it and when ( if ) it comes to selling you may find it harder to sell at a decent price.
Some will suggest buying sovereigns.
Perhaps this is good advice and I would definitely consider if you can find them at a decent price meaning say 2% over spot if that's possible these days.
Selling sovereigns is fast and easy and there are lots of buyers keen to buy.
Dealers worth checking are - Atkinsons, Chards, Sharps Pixley, BullionbyPost to name a few.
You have to constantly check prices as they fluctuate every minute.
Another consideration is whether you want to plunge straight in and spend all your money at one go.
No-one can forecast the price of gold and there is every chance it can fall as fast as it can rise.
It is trading quite high at the moment but with high global inflation some will argue it can only rise ( not in value but not falling like fiat currency ) so retaining true value.
As for where to keep it.
£20k in gold is only about 13 x 1 oz coins so not even filling a tube.
Either hide this at home, maybe get a decent safe or consider a bank safety deposit box.
If you are likely to increase your holding then definitely a proper home safe or a bank vault.

I was tempted by the 2oz Lunar III mouse sold by @James32 and then decided "what the heck" let's build the set adding the Ox and Tiger so now I am committed, waiting for 2023.

All 3 coins arrived today -

I was tempted by the 2oz Lunar III mouse sold by @James32 and then decided "what the heck" let's build the set adding the Ox and Tiger so now I am committed, waiting for 2023.

All 3 coins arrived today -

nice coins, I'm doing the RAM Lunar series.... 

I was tempted by the 2oz Lunar III mouse sold by @James32 and then decided "what the heck" let's build the set adding the Ox and Tiger so now I am committed, waiting for 2023.

All 3 coins arrived today -

I was tempted by the 2oz Lunar III mouse sold by @James32 and then decided "what the heck" let's build the set adding the Ox and Tiger so now I am committed, waiting for 2023.

All 3 coins arrived today -

You can establish a business as a sole trader, a limited liability partnership or a limited company.
There are pros and cons to each.
If a business is VAT registered it must charge VAT on sales and can claim input relief on purchases.
All businesses can offset lots of expenses against their profits and good record keeping is highly desirable.
Selling PMs as a business will require a good website ( not necessarily cheap ) making it easy to buy and pay.
You will have to consider how you will order, store ( protect as well from theft ) and ship your inventory.
Forget taking a day off for a break and as soon as you employ any help, can you trust them when a stock check doesn't balance ?
If you have a substantial amount of inventory and prices fall would you hold your inventory and not sell ?
Many of us stackers are sitting on mountains of silver bought 10 or more years ago and if we sold today we would still not recover our costs.
I think trading can be fun as a hobby or part-time business to make a few bob and will definitely keep you busy but when you perhaps work out your hourly income it might not look so great.
Easy when you buy cheap and sell high but predicting the peaks and troughs is no different to betting red or black on roulette.

You have to decide whether you want to buy gold coins or gold bars.
My advice is to choose 1 oz coins like new Britannias that are 24ct gold.
If choosing bars keep below 50g size.
Avoid larger bars because what you may see as a small discount isn't worth it and when ( if ) it comes to selling you may find it harder to sell at a decent price.
Some will suggest buying sovereigns.
Perhaps this is good advice and I would definitely consider if you can find them at a decent price meaning say 2% over spot if that's possible these days.
Selling sovereigns is fast and easy and there are lots of buyers keen to buy.
Dealers worth checking are - Atkinsons, Chards, Sharps Pixley, BullionbyPost to name a few.
You have to constantly check prices as they fluctuate every minute.
Another consideration is whether you want to plunge straight in and spend all your money at one go.
No-one can forecast the price of gold and there is every chance it can fall as fast as it can rise.
It is trading quite high at the moment but with high global inflation some will argue it can only rise ( not in value but not falling like fiat currency ) so retaining true value.
As for where to keep it.
£20k in gold is only about 13 x 1 oz coins so not even filling a tube.
Either hide this at home, maybe get a decent safe or consider a bank safety deposit box.
If you are likely to increase your holding then definitely a proper home safe or a bank vault.

I was tempted by the 2oz Lunar III mouse sold by @James32 and then decided "what the heck" let's build the set adding the Ox and Tiger so now I am committed, waiting for 2023.

All 3 coins arrived today -

I was tempted by the 2oz Lunar III mouse sold by @James32 and then decided "what the heck" let's build the set adding the Ox and Tiger so now I am committed, waiting for 2023.

All 3 coins arrived today -

I was tempted by the 2oz Lunar III mouse sold by @James32 and then decided "what the heck" let's build the set adding the Ox and Tiger so now I am committed, waiting for 2023.

All 3 coins arrived today -

I was tempted by the 2oz Lunar III mouse sold by @James32 and then decided "what the heck" let's build the set adding the Ox and Tiger so now I am committed, waiting for 2023.

All 3 coins arrived today -

I was tempted by the 2oz Lunar III mouse sold by @James32 and then decided "what the heck" let's build the set adding the Ox and Tiger so now I am committed, waiting for 2023.

All 3 coins arrived today -

I was tempted by the 2oz Lunar III mouse sold by @James32 and then decided "what the heck" let's build the set adding the Ox and Tiger so now I am committed, waiting for 2023.

All 3 coins arrived today -

I was tempted by the 2oz Lunar III mouse sold by @James32 and then decided "what the heck" let's build the set adding the Ox and Tiger so now I am committed, waiting for 2023.

All 3 coins arrived today -

I was tempted by the 2oz Lunar III mouse sold by @James32 and then decided "what the heck" let's build the set adding the Ox and Tiger so now I am committed, waiting for 2023.

All 3 coins arrived today -

I was tempted by the 2oz Lunar III mouse sold by @James32 and then decided "what the heck" let's build the set adding the Ox and Tiger so now I am committed, waiting for 2023.

All 3 coins arrived today -