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£50 budget


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I fancy just buying a little something but there is nothing in particular on my radar right now. Later on this year I am hoping to get a 1/2 or 1 oz gold coin but what would you recommend for a £50 purchase right now. Should I buy silver? I love the 1/20 perth gold lunar series but the premiums are crazy and I don't really want to spend more than £50. Any ideas?

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14 minutes ago, aggiyama said:

I fancy just buying a little something but there is nothing in particular on my radar right now. Later on this year I am hoping to get a 1/2 or 1 oz gold coin but what would you recommend for a £50 purchase right now. Should I buy silver? I love the 1/20 perth gold lunar series but the premiums are crazy and I don't really want to spend more than £50. Any ideas?

The only thing you can realistically buy in gold is a 1 gram bar. They are nice in assay cards, should cost you £40 - £50 each.

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Depends what your goals are, personally I would stay away from almost all new silver if you want something that will hold its value. So go for some nice numismatic silver or anything fractional in gold.  Eg silver crowns, half crowns, young head victorian 3p bits.  Indian gold fanam can be had for £25 each from chards at the mo.

check out your local pawnbroker/gold dealer sometimes close to spot silver deals can be had.

 

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On 02/07/2019 at 18:38, aggiyama said:

Later on this year I am hoping to get a 1/2 or 1 oz gold coin but what would you recommend for a £50 purchase right now.

Why don’t you save the the £50 towards the cost of a 1oz gold bullion coin later on in the year? Stackers/collectors either overbuy silver or overbuy fractional gold which have higher premiums than 1oz gold bullion coins. You need to discipline yourself.

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Technically, alcohol is a solution..

'It [socialism] poses a growing threat, however unintentional, to the freedom of this country, for there is no freedom where the State totally controls the economy. Personal freedom and economic freedom are indivisible. You can’t have one without the other. You can’t lose one without losing the other.'

"There is no such thing as public money, there is only taxpayers' money"

Let not England forget her precedence of teaching nations how to live.

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I had £50 in dollars in the last couple of days from my ebay bucks and I did what I normal,y do, bought 14k gold scrap in good condition, sellable as jewelry, it's shiny, it's got value where I could sell it for what I paid and I can wear it in the mean time...I don't have to seal it up and never touch it again and as it's not bullion or coins I got to use my ebay bucks onmit...win win.

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On 05/07/2019 at 02:14, DarkChameleon said:

I had £50 in dollars in the last couple of days from my ebay bucks and I did what I normal,y do, bought 14k gold scrap in good condition, sellable as jewelry, it's shiny, it's got value where I could sell it for what I paid and I can wear it in the mean time...I don't have to seal it up and never touch it again and as it's not bullion or coins I got to use my ebay bucks onmit...win win.

Now I have an image of some guy walking around covered in old broaches, bracelets, rings and wearing big dangly gold earrings. :)

 

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