5k what would you buy

[ukstack]

So if you had 5k what would you buy with it would you put it all into PM or put some into a bank account and some into PM would you buy all gold or all silver :] 

 

Personally id get 3k worth of PM mainly silver and put 2k away in the bank

 

Question ---- is having 5k in a saving account earning little interest better than having 5k in PM

 

Maby im to conservative tho i dunno ?

 

i know 5k may not be much to some people but it will be a lot to loads of people :] 

[lightjaw]

It all depends on you appetite for risk. Pm's are "probably" a safe investment especially at today's prices. I don't think I would put it all there though. How about 1k silver, 1k gold, 2k into shares/funds and 1k into an isa or premium bonds. Then you have a spread of risk so if one thing goes tits up you still have two more options. It scares me to think of people puting all their money in one thing. The risk/reward just feels too high to me.

[lightjaw]

I would never bother with the bank account though. A normal bank account interest rate is just too low right now.

[Keithoil]

I am maxed out on all my NISA's etc so for me simples 5k worth of gold.

[fitzy1990]

I agree with lightjaw the current interest rates offered on bank accounts at the minute are very poor. I also wouldnt want to put all my eggs in one basket so would split it over gold,silver and some premium bonds.

[II DALTON II]

Half in Silver given it is cheap relative to Gold right now. The other half I would drop into a couple of good dividend paying stocks.

[ukstack]

I am maxed out on all my NISA's etc so for me simples 5k worth of gold.

wow big saver haha

 

youd get all sovs keith :] 

 

i like the idea of chucking it alll into gold but some fixed saving accounts are ok tax free but even on 5k u don't get much back so is there any point for £50-100 a year 

[Ares]

I'd probably buy a nice pair of 1ozers (krugerrand & eagle) and put the rest into savings or paying off debt.

Some grad jobs put out a 5 grand "golden handshake", so fingers crossed!

[Keithoil]

@Ukstack

 

Only while I can earn the money....

[garthy]

I'd put it all in the stock market for the time being with a view of it all ending up in gold.

[silversword]

Would definitely get a couple of the 1oz gold coins that I fancy, Eagle, Britannia, and a Krug. After that, probably spend some money on the house.

[Pete]

Some people will pay £5k or more for a 10 night cruise so it all depends on your personal circumstances.

If you have any debts or paying interest then get shot of that first if you can.

If you have suddenly landed a £5k windfall but do not have any other savings then get a NISA with the money invested into UK Equities paying good dividends. Assuming you already have a rainy day fund and will not need to use this £5k then buy some gold sovereigns or Krugerands where the premium is 3 % over spot or less. Silver can have a VAT element which you will not recover if selling back to a bullion dealer so you would end up having to sell privately or on feeBay. As a general rule it is widely recommended that commodities like PMs only represent between 5 and 15% of anyone's portfolio due to their high risk.

[HawkHybrid]

bullion pm's are a store of wealth, they don't actually increase your

wealth. Think of it like 1 oz of gold historically bought you a nice

suit then and buys you a nice suit now, it doesn't get you any more

than a nice suit.

 

with that in mind store what you want to hold onto, in pm's, investments

in other areas will fluctuate in terms of your return. invest in what you

know and the best investments are things that are unique to each

individual.

 

get a balance for what works best for you.

 

HH

[Shamatti]

If I had 5k land in my lap tomorrow.

 

1 Oz, ½ Oz, ¼ Oz and tenth Oz gold Peth Mint Goat (I have all of these in the horse it would be nice to add to that!)

1 Oz Gold Britania

1 Oz Gold Panda

 

Tubes of cheap silver bullion. Libertads, Falcons, Eagles etc - Maybe even some crocks!

 

I would probably also add to my mini date run of silver Pandas. Another few  years would use up the rest I reckon. Like from 2000 to 2009 giving me every year since the turn of the century. Oh, and a 2015 of course, if they are out yet.

 

I might have over spent a little. But you didn't say we couldn't add a bit to it, you only asked what would we do! lol

 

I don't think there is any point having money in the bank at the moment. If they don't take it from you they will devalue it with inflation.

[HighlandTiger]

bullion pm's are a store of wealth, they don't actually increase your

wealth. Think of it like 1 oz of gold historically bought you a nice

suit then and buys you a nice suit now, it doesn't get you any more

than a nice suit.

 

with that in mind store what you want to hold onto, in pm's, investments

in other areas will fluctuate in terms of your return. invest in what you

know and the best investments are things that are unique to each

individual.

 

get a balance for what works best for you.

 

HH

 

 

If you think I'm paying £800 for a nice suit, you're havin a larf........

 

I can go to Singapore and get one hand made to measure for a quarter of that.  I think that analogy is just a little dated. 

 

Anyway with my £5k, I'll be mostly buying gold Sovs. Should be able to get about 25 of them. 

[Keithoil]

Yep thats what I had calculated, but if you are buying from one place you may be able to get a couple of half sovs thrown in as a discount!!!

[Danny-boy]

I'd buy 356 silver maples from STG right now.

[motorbikez]

I'd spend it on silver proofs that I'm looking for now if I could get hold of them

[Cornishfarmer]

Think I'd pay for a ride round silverstone in mr dead car with the new suspension

[CurryMuncher69]

If I happen to find or some way came across 5k I would spend it on... 

100g pamp suisse gold bar... and the rest on Semi Numi Silver coins I.e Kook's, Koala's, Lunar goat. 

[silversword]

Think I'd pay for a ride round silverstone in mr dead car with the new suspension

Might as well see what that suspension can really do nd go to Brands Hatch

[HighlandTiger]

Might as well see what that suspension can really do nd go to Brands Hatch

 

Ah Brands Hatch., that brings back some memories......... my old neck of the woods. I can remember cycling up there with friends must have been about 11 or 12 years old, and for a dare, climbing through fields and jumping over fences, and riding our pushbikes on a short part of the track. Gawd knows how we never got caught, but we only stayed a few mins and we were paranoid that we'd been seen and be followed home and our parents told. 

 

But at least i can say, I have raced at Brands Hatch, (on my Grifter)