Beginner

[RYSE]

Completely new to this area! I already have some cash savings and stock investments now I have an additional£100 a month to invest and rather than increase investment I think I want to invest in silver or gold

 

Anyone any views on what to purchase? I am UK based.

[MickD]

Hi and welcome.

[TomR92]

Welcome! I starting stacking a few months ago so still a newbie as well, but biggest bit of advice I would recommend is shop on the trade section in the forum much better prices than UK dealers!

 

 

[Fadeingstar]

Hello and welcome to the forum. It all depends what you are.looking to buy. You can get silver flatware from eBay for below spot. I would recommend the forum trade section there are some good deals to be had.

[MrTT]

3 hours ago, RYSE said:

Completely new to this area! I already have some cash savings and stock investments now I have an additional£100 a month to invest and rather than increase investment I think I want to invest in silver or gold

 

Anyone any views on what to purchase? I am UK based.

Invest in silver.

Buy here on the forum, think most people that sells here are uk based.

 

[silenceissilver]

With 100 Pounds a month an being based in the UK, I would consider rotating between one half Sovereign per two months and 2 months of as many pieces of one ounce of silver coins as you can get for 200 Pounds ( I would pick one coin and stick to it till you have a full tube). So a full cycle would take 4 months.

As you will hardly ever get exactly to 100 Pounds per month, I would keep the rest of one 4 month cycle for the next cycle and split it 50:50 between gold and silver. This way, at current prices you would once in a while get 2 half Sovereigns in 2 months. Should the price of a bullion half Sovereign go above 200 Pounds, I would still stick to the 2 months silver, 2 months gold but sometimes you have an empty gold cycle.

In other words, think of two piggy banks one for silver, one for gold, you fill it each for two months, then the other one for two months and you buy once you have enough for a half Sovereign. For silver, the price would need to go up quite a bit to have empty cycles.

As you probably won't use a real piggy bank, keep track of your gold and silver spendings at a dedicated place (not just your bank statements but in a physical booklet or e.g. an excel file) to make sure you carry over the full rest to the next cycle.

[RacerCool]

6 hours ago, silenceissilver said:

With 100 Pounds a month an being based in the UK, I would consider rotating between one half Sovereign per two months and 2 months of as many pieces of one ounce of silver coins as you can get for 200 Pounds ( I would pick one coin and stick to it till you have a full tube). So a full cycle would take 4 months.

As you will hardly ever get exactly to 100 Pounds per month, I would keep the rest of one 4 month cycle for the next cycle and split it 50:50 between gold and silver. This way, at current prices you would once in a while get 2 half Sovereigns in 2 months. Should the price of a bullion half Sovereign go above 200 Pounds, I would still stick to the 2 months silver, 2 months gold but sometimes you have an empty gold cycle.

In other words, think of two piggy banks one for silver, one for gold, you fill it each for two months, then the other one for two months and you buy once you have enough for a half Sovereign. For silver, the price would need to go up quite a bit to have empty cycles.

As you probably won't use a real piggy bank, keep track of your gold and silver spendings at a dedicated place (not just your bank statements but in a physical booklet or e.g. an excel file) to make sure you carry over the full rest to the next cycle.

In my opinion this is the best way to go.