Hello!

[yaffle]

Hi everyone,

Firstly, a big thank you for the wealth of information contained on this site, I’ve had a thorough read over the last few days and whilst I think I’m understanding the basics, am sure I’ll have more questions in due course!

I hit my 30th birthday not too long ago, which prompted me to get a bit more of a grip on my personal finances. So whilst I wish I’d started years ago, I guess the second best time is now...so I have been investing cautiously in the stock market over the last year or so and would also like to diversify into precious metals. Both as a collecting hobby and as something that will diversify my assets and hopefully hold value over time.

My initial plan was to gradually try to accumulate silver with time, but I can see that due to VAT and other factors the percentage price over spot that I can find silver to purchase is often significantly more than that of gold, therefore requiring a large increase in spot silver for any sort of return to be seen.

Due to this, gold sovereigns seem ideal from an investment point of view, but their cost is clearly more significant, so I plan to buy these where possible and particularly if any decrease in the gold price occurs. Whilst picking up silver pieces I like for a bit of variety, collecting sets (From pictures, ASEs and Kookaburras seem to do it for me!) and to indulge as a bit more of a hobby. Then if any pieces gain value from a numanistic point of view, then great, if not they’ll be something I enjoy looking at!

Does that seem like a relatively sensible plan? I would be interested to hear your thoughts and look forward to getting involved on the forum.

Many thanks!

 

 

 

[trp]

Hello and welcome to the forum  

[dicker]

Welcome!

You have done a very sensible thing - using the search function 🙂 Loads of excellent info on the forum.

Membership is worth it for the trading section alone.

Enjoy

Dicker

[ChrisSilver]

Hello and welcome to The Silver Forum  

[Nugget]

Welcome Yaffle.

[CadmiumGreen]

Welcome aboard The Silver Forum!

[yaffle]

Thanks for the welcome! Looking forward to engaging with discussions on the forum and hopefully picking up my first silver before too long.