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Just realised....


Bullionaire

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When i was updating my PM spreadsheet earlier, that the overall value of (just) the metal content of my gold and silver is now the same as the money I spent on all the coins/bars in the first place. 

 

Crazy that the recent uplift (mainly in gold) has wiped out the not-insignificant premiums I've spent on silver and proof coins.

- On silver, my average premium paid is 70.4% over spot at the time of purchase. I would need spot to be £16.37 to break even on my silver stack

- On gold, my average premium paid is 11.9% over spot at the time of purchase. £1035.17 was my breakeven point for my gold stack.

As you can see, I'm not just stacking the cheapest bullion I could get my hands on!

 

I guess I'm fortunate that I got in to PM when they were relatively cheap, rather than starting in 2011-12 for example.

 

Long may this trend continue!

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I added a Marvel Hulk coin to my spreadsheet today so I saw my silver cost average was £16.72, I've only been completeing sets of late buying single coins so my total usally goes up tuppence when adding a coin or round.  To bring it down I need large orders from Europe under the tax margin scheme and I've not bought one of these for a while.  I see even the cheapest coins and rounds for sale on Ebay that used to be £20-£22 are now £22-£24 so I'm not too put out about how much my average has crept up of late, I had it around the £13.50 mark for long enough.

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Got most of my PMs earlier this year, with gold around £970-990 and silver around £11.50 - current melt value of the combined stack is up around 10% on what I spent, mainly thanks to gold covering silver. Some of my 1Oz silver coins are actually worth more in melt than I paid for them now.

I'm well aware of the ups and downs of PM stacking but it does seem I chose a good point to enter the fray... if only I'd had a bit more in the spare cash pot earlier in the year!

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  • 1 month later...

I had cash to burn in 2007, went into my LCS and bought a few sovereigns for £82 each and a rare hammered penny for £800. Today the sovereigns are worth about £300 each and the hammered penny only £850...if only I could go back in time and make a different decision.😫

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