Another Newbie

[timsk]

Hi all,

I've been an active trader in the financial markets in the past and a member of staff on a large U.K. forum for retail traders - so I understand the benefits and pitfalls of online forums! This one looks good! 

Making the switch from trading gold and other commodities via CFDs and spread betting to buying actual physical bullion is, I suspect, a bit like a 100 metre sprinter switching to become a marathon runner. So, why am I considering it? (I say 'considering' as I've not bought anything yet - so I'm still a precious metals virgin!) I don't want to sound like Mr. Doom 'n Gloom, but I fear that inflation will skyrocket and a major correction - if not a total collapse - of the financial markets is likely in the coming months / year(s). Therefore, owning the real thing strikes me as being prudent, not least because if my fears are realised there will be an enormous demand for 'safe haven' investments which will see a sharp rise in precious metal prices.

As with trading, investing in this market is laden with jargon and working out the pros and cons of which metal represents the best value is something I'm finding challenging. However, it's interesting and I can't wait to to get out of the starting blocks and make my first purchase. Like other newbies, I'm very aware that being green around the gills makes me low hangin' fruit ripe for plucking by the ne'er-do-wells who, doubtless, infect this market like they do any other. With this in mind, I'm attracted to Britannia coins because of their security features - this one's caught my eye: https://silvergoldbull.co.uk/1-10-oz-2022-britannia-gold-coin#

Any thoughts from old timers or those of you who were once in my shoes would be much appreciated!

Tim.

[ChrisSilver]

Hello Tim, welcome to The Silver Forum  

[James32]

Welcome aboard Tim.

The best piece of advice I can give you is to buy a membership on the forum as you will see deals posted for sale right away ( otherwise you wont see the deals for 3 days) and as you can imagine, all the bargains will be gone.

There's plenty of bright minds on this forum ( myself excluded ofcourse 😁) and a wealth of information and help at your fingertips.

I completely understand your security fears but if you check sellers feedback and ask plenty of questions you should be fine.

Enjoy your journey. 

 

[daca]

Welcome aboard!

[trp]

Welcome to TSF, Tim!  

[LiquidMetalsUK]

welcome 

[Happypanda88]

Hello! Welcome to the forum 🤗

[blackadder]

Hello and welcome

[Arganto]

Welcome to TSF 👍🏻

[Mikk]

Hello and welcome to TSF :-)

[timsk]

Thank you everyone for the warm welcome - much appreciated.

[CadmiumGreen]

Tim, Welcome aboard The Silver Forum!

[Centauri167]

Welcome Tim on this great forum, it will be a place were you will learn a lot more about collecting and stacking !

[timsk]

One quick question which I think I know the answer to but would appreciate confirmation of is the difference between 'graded' and 'ungraded' precious metals in the U.K. buy and sell section. My guess is that graded metals are collectable and have numismatic value (and, presumably, the grading will impact the value up or down), whereas ungraded metals are those that have little or no numismatic value and are stacked mainly for investment purposes. Is this more or less correct - or am I missing something?

Thanks in advance!

[Centauri167]

4 hours ago, timsk said:

One quick question which I think I know the answer to but would appreciate confirmation of is the difference between 'graded' and 'ungraded' precious metals in the U.K. buy and sell section. My guess is that graded metals are collectable and have numismatic value (and, presumably, the grading will impact the value up or down), whereas ungraded metals are those that have little or no numismatic value and are stacked mainly for investment purposes. Is this more or less correct - or am I missing something?

Thanks in advance!

Yes and no. 

All coins are getting grated, even the newest bullion coins are sold grated.

The grading a coin will get, will of course impact the value.

But "grading" and it's impact is not so simple to explain because it depends ons so many things like: the year the coins was minted, the mintage of the coin, proof or not, ...

If you are interested in this topic I advice you to read online, or watch some youtube videos about grading and open a new topic if you have more questions about it.

[BullionBuyerUK]

Hi Tim, welcome to the forum. Only been on here 3 weeks my self, already found out/learnt so much information. 

Britannia's are one of my favourite coins, I have a few. But have a look on the royal mint website, the 1/10 coins are cheaper on there