Silver or gold?

[Furnace]

Hello all, I'm quite new to the the silver forum and stacking community in general.

I have always wanted a kilo of silver and I'm reasonably close to treating myself to one but I'm starting to have second thoughts and am now considering investing the equivalent ammount of money into gold. The plan is to keep hold of what ever I buy for twenty plus years.

Any thoughts or advice from more experienced stackers out there would be much appreciated. 

[Nugget]

For me personally, it is gold at the moment.

I believe the premiums being charged on silver, plus the VAT makes it far less attractive than gold.  I may well be wrong, but that's my thoughts as it stands now.

I would rather purchase 2 x sovereigns with the money over a kilo of silver.

Is it a one time investment, or regular (as and when funds allow) purchase?  Are you looking to purchase as close to spot price as possible, or will you be more attracted to the numismatic (collecting / collectable) side of things?

Ultimately, people on forums will have their own views and opinions.  Read widely, take your time and purchase what makes you feel happy 🙂

[Stacktastic]

Gold long term hold, unless it skyrockets in price,
Silver to trade and speculate on price fluctuations. 
Gold is still high IMO and can go lower at some point, but I think it will rally now. 

I would prefer having a small box of gold in a depression over silver. 
If the worst happened you can easily carry it through customs. 
so as a hedge gold is much better to trade, barter or liquidate.
Its smaller (easier to hide) & does not spot or mark like silver.

I would prefer to have a few Kilos of silver if that doubles of quadruples though.
I think we might see this this year or next?? Who knows. 

I buy gold regularly when its under valued & silver when its under £18/19, ideally £17. 

Edited May 21, 2021 by Stacktastic

[Furnace]

Overall I want to make any purchases as close to spot as I can and I'm not too bothered about collecting numismatic coins unless one really takes my fancy. Quite keen on getting some sovereigns. 

[GoldDiggerDave]

Long term........Sovereigns or 1oz gold UK coins.

[Nugget]

You can't go wrong with sovereigns and one ounce Brits.  They are typically what I purchase (bar this month as I purchased some small 2.5 g bars - fancied a change).

[Furnace]

Thanks for your comments its very helpful and much appreciated 👍

[Chrissyblards1]

Gold. I have more silver than gold but I’m concentrating more on gold now for long term. I bought silver over five years ago that has doubled in price that when I sell will be used to buy gold. I still buy silver on the forum and elsewhere but not in big bars. Nothing wrong with buying both. It’s still precious and will sell again. Buy Sovereigns and Britannia’s as they are VAT and CGT free. The forum is a great place to buy from but Sharpe’s pixley, ATS bullion, and the other big precious metal dealers have some good prices. If you get chance buy some older American gold coins. They are great looking. Have fun collecting but be careful. It’s addictive. 😁

[LawrenceChard]

21 hours ago, Furnace said:

Hello all, I'm quite new to the the silver forum and stacking community in general.

I have always wanted a kilo of silver and I'm reasonably close to treating myself to one but I'm starting to have second thoughts and am now considering investing the equivalent ammount of money into gold. The plan is to keep hold of what ever I buy for twenty plus years.

Any thoughts or advice from more experienced stackers out there would be much appreciated. 

Silver or gold?

How about platinum?

https://www.chards.co.uk/blog/is-it-platinums-time-to-shine/978

[Captinjack]

I have just gone to fractional gold until silver sorts itself out again and I can see what the premiums do,and gold could have a major shake up if the banking regs change in the next couple of months,although I am still buying silver,as like you I am long term not not buying and selling,it never hurts to have a little gold in the box.

[Stacktastic]

10 minutes ago, Captinjack said:

until silver sorts itself out again

I cant see it being squeezed at all - dismayed at the time I have put into it.
I'm hoping central banks make a point  and put it to £14 again.

Miner stocks will go down also with any market collapse - on the cards! SOON. 
a £20 brit is my buy in rate as I get it from the EU. I will be making a few orders. 

Edited May 22, 2021 by Stacktastic

[Spence098]

Personally I think silver is way over priced at the moment, the premiums are out of this world, don't get me wrong if something pops up that's a good price and worth buying then go for it. But I don't think you can go to far wrong with gold if you're looking to hold for a long time. 

Thats just my opinion and some may disagree, can't go wrong with doing your own research and buying what ever suits you best mate.

Good luck 👍

[GenX]

@Furnace For me gold and sovereigns in particular for the following reasons:

- Gold has lowest premiums, no VAT and no CGT for British coins

- Sovereigns are trading close to spot price, particularly pre-owned pot luck coins

- They’re easy to buy and sell

-  They don’t have to be declared on home contents insurance

- For me sovereigns are rather uninspiring to look at, which helps to have emotional detachment (please, don’t cast your spells at me)

- Nevertheless, it’s always exiting to wait for some pot luck sovereigns in the post, you never know what dates you’ll get

- And finally, Gold is like God, just lose the letter L (btw it’s a joke lol)

Having said all that, your collecting strategy has to represent your goals.

[SilverStorm]

And if you believe in end of world scenarios (take your pick of civil war, global economic collapse, etc etc) and you had to flee your home/country, carrying $10K worth of gold (approx 4 ounces) in your pocket is going to be a lot easier than $10K worth of silver.  

[Robda1986]

If you are looking for a kilo buy from here they regularly move around here for between 750 and 800 and no dealer will match that price