How would you spent £1600

[Martin1983]

based on the current price difference if you had £1600 or whatever it’s costing for 1oz of gold.

would you buy 1oz gold or use the £1600 to just buy all silver ? 

[HawkHybrid]

3 minutes ago, Martin1983 said:

based on the current price difference if you had £1600 or whatever it’s costing for 1oz of gold.

would you buy 1oz gold or use the £1600 to just buy all silver ? 

 

gold serves a different purpose to silver. choose the one that most closely matches your purpose.

 

HH

[Martin1983]

7 minutes ago, HawkHybrid said:

 

gold serves a different purpose to silver. choose the one that most closely matches your purpose.

 

HH

I am just looking to buy and hold for a long time and not sure what metal will increase the most 

 

it’s just an investment, looking to buy at the lowest cost 

[HawkHybrid]

8 minutes ago, Martin1983 said:

I am just looking to buy and hold for a long time and not sure what metal will increase the most 

 

it’s just an investment, looking to buy at the lowest cost 

 

gold is better as savings.

silver is better if you are very good at timing the market.

(if in doubt choose gold)

 

HH

[DarkChameleon]

For volatility id go with silver but you better have a strong stomach.

[Martin1983]

7 minutes ago, DarkChameleon said:

For volatility id go with silver but you better have a strong stomach.

I’m new to this silver game but trying to learn

 

I have just seen the stoneX silver bars are up for pre order, these seem cheap for 1KG bars has anyone had experience with these 

[vacancies]

8 hours ago, Martin1983 said:

I’m new to this silver game but trying to learn

 

I have just seen the stoneX silver bars are up for pre order, these seem cheap for 1KG bars has anyone had experience with these 

Not come across these before but being sold on legit sites so I wouldn't worry.

[Foster88]

On 14/10/2020 at 23:01, Martin1983 said:

I am just looking to buy and hold for a long time and not sure what metal will increase the most 

 

it’s just an investment, looking to buy at the lowest cost 

It depends how long you intend to hold. Gold is much better for long term but don’t forget that gold isn’t far off all time highs that it reached earlier this year.

Both silver and gold are good for long time investments but is entirely dependent on time.

[coininvest]

On 15/10/2020 at 00:34, Martin1983 said:

I’m new to this silver game but trying to learn

 

I have just seen the stoneX silver bars are up for pre order, these seem cheap for 1KG bars has anyone had experience with these 

They are brand new and designed to be the most cost-effective way to invest in silver while retaining all the beauty of a minted bar

https://www.coininvest.com/en/silver-coins/coin-bars/1-kilo-coin-bar-silver-stonex/

[HighlandTiger]

33 minutes ago, coininvest said:

They are brand new and designed to be the most cost-effective way to invest in silver while retaining all the beauty of a minted bar

https://www.coininvest.com/en/silver-coins/coin-bars/1-kilo-coin-bar-silver-stonex/

Cost effective? 17% over spot? 

Some people have different definitions of "cost effective" than others. 😁

 

[BackyardBullion]

2 minutes ago, HighlandTiger said:

Cost effective? 17% over spot? 

Some people have different definitions of "cost effective" than others. 😁

 

To be fair to Coin invest, this is pretty much close to the cheapest silver you can buy new from a dealer. 

2nd hand stuff, yeah it can be a lot cheaper - but that is a different market all together. 

12% to 15% over spot was considered a bargain price on bullion pre-covid so post covid 15% - 17% is pretty good by my reckoning. 

[WILLIG666]

Seem to recall a 1kg Kookabura for sale on here still for £700 for better value.

Agreed re spot, 20-30% fairly standard this year even buying in europe, although purchased some coins 16/03 when spot crashed to around £10.40 and could find nothing cheaper than £16 an oz from a dealer plus post at the time.

[HighlandTiger]

1 minute ago, BackyardBullion said:

To be fair to Coin invest, this is pretty much close to the cheapest silver you can buy new from a dealer. 

2nd hand stuff, yeah it can be a lot cheaper - but that is a different market all together. 

12% to 15% over spot was considered a bargain price on bullion pre-covid so post covid 15% - 17% is pretty good by my reckoning. 

Totally agree, but...... If you are stacking silver then isn't the aim to be buying the cheapest silver possible, which means rarely buying new, and getting cheaper second hand wherever possible. 

It's different if you are a collector, but when it comes to stacking silver, I struggle to see the logic buying from a dealer at a higher price, over the cheaper deals you can make with forum members. Although in saying that, it's a bit like the car market. If people didn't buy new cars there wouldn't be any second hand cars. 😏.

So ignore what I said, carrying on buying from dealers. 😁 I need a vibrant second hand market. 

[mrrick]

i would love to see a feature on the forum , that collated data on used sales to get an average price of what the 2nd hand market was trading for 

[ChrisSilver]

@Martin1983 Please post in the correct sections of the forum. This is to keep the forum tidy and pleasant for everyone to use. You had posted in a silver GBP only price monitoring threat. That topic is for members to discus the current underlying silver prices, not to ask questions about what you should buy. Please feel free to start new topics on the forum rather than to take a topic off topic. 

[RacerCool]

I would buy another 1/4 oz gold, another roll of silver dimes, and save the rest in cash.

[Scruff]

On 14/10/2020 at 22:47, Martin1983 said:

based on the current price difference if you had £1600 or whatever it’s costing for 1oz of gold.

would you buy 1oz gold or use the £1600 to just buy all silver ? 

1/4 oz gold coins. If you buy a single one ouncer and need to sell it, you have to sell ALL of it. At least with quarters you have a better chance in still having some gold left over.

[Stuntman]

I would definitely buy the 1 oz of gold.

But if I wanted the option of selling smaller parcels of gold rather than 1 oz all at once, I would buy 4 bullion sovereigns for a little bit less.

[goldmember44]

If I am to keep what I buy for a considerable time, I would probably buy the new 2021 1oz gold Britannia. 

What I might do instead, though, is look for an opportunity to make profit and increase the £1600. Such as, buy a James Bond 1/4 oz gold and a few 2oz silver proofs.. they are selling for good profit in auctions. Or any other low mintage coins that are likely to make me a profit in a relatively short period of time... such as buying (if I could find it) a 2017 proof sovereign, boxed, in mint condition, then having it graded by NGC/PCCS to hopefully a PF70, and then sell it again. Thereafter I can either repeat the process or buy more gold bullion. 

[Roy]

2nd from top? My eyes.... 🤔

 

[StackemHigh]

Easy Smarties and Jelly Babies!

[Fishface220]

For me, I reckon I’ll split the money and go 50/50 to edge my bet. (Far from an expert so what do I know)

£1600 on 1oz would scare the hell out of me.... £800 on sovereigns and £800 on silver I reckon I could just about sleep at night. 

[MintageSeller]

On 23/10/2020 at 14:17, mrrick said:

i would love to see a feature on the forum , that collated data on used sales to get an average price of what the 2nd hand market was trading for 

Yeah, Totally agree they have the comparison tool for gold which is cool. I would like to see it for silver.

[TeaTime]

With gold being at an all-time high and silver at around 2/3rds of it's 20 year high, my gut would say silver is the metal most likely to give better gains.

Also taking into account that generic gold coins mainly trade at around spot and silver coins have, historically, gained a collector premium would sway me towards silver.

It's all down to whether you invest in generic silver & gold or semi-numismatic coins. Obviously this only works with coins, in the event of investing in bars then you are totally at the mercy of spot price manipulations.....