Newbie help on what to buy ?

[Bullionbilly]

Hi,

Ive joined the forum looking for advise and help along the way, im new to buying silver and have only just bought 10 x 100g bars. And a few coins. Im doing this as a longterm investment and am still at a loss as to what is better to buy coins/bars ? Ill be looking to buy a few 1kilo bars in the near future but have seen 1kilo coins at a good price slightly lower than the bars. Am i correct in thinking that 1kilo of silver is 1kilo of silver wether its bar or coin ? I know lots of 1 kilo coins exceed the bar price due to collectors wanting them. The coins i have seen are a "bahamas 500th birthday" and also a 1996 gambia wildlife coin.

Im sure ill have lots more questions for the experts on here.

 

Thanks in advance !

[BackyardBullion]

Hi Bullionbilly, welcome to the forum and to silver!

Check out my top tips video for my thoughts on what you have asked:-

https://youtu.be/uDUTvBlu-3E

and

https://youtu.be/6BLJ0tpIiaw

Good luck!

[Agpanda]

welcome to the forum

[Bullionbilly]

9 minutes ago, BackyardBullion said:

Hi Bullionbilly, welcome to the forum and to silver!

Check out my top tips video for my thoughts on what you have asked:-

https://youtu.be/uDUTvBlu-3E

and

https://youtu.be/6BLJ0tpIiaw

Good luck!

Thanks.... ill have a look

1 minute ago, Bosse68 said:

welcome to the forum

Thanks

[TheWhiteStuff]

Its hard to go wrong really.

I have seen lots of videos on Youtube of noobs buying silver. A lot of them mention they paid a lot for a certain coin and that they got lucky because it went up in value.

Personally i don't think they got lucky. I think if you buy what you like chances are someone else will like it as well and be willing to pay more for it a few years down the line. 

I got a load of the 2016 kangaroo. It has a high mintage but being the fist in a series it could gain a small premium, even if it doesn't at the end of the day it was the cheapest bullion going.

[Nyrik]

It doesn't make much difference if you buy bars or coins. They will both be worth the silver value at a minimum when you go to sell them in the future.

[SoulUK]

On 03/10/2016 at 17:12, Nyrik said:

It doesn't make much difference if you buy bars or coins. They will both be worth the silver value at a minimum when you go to sell them in the future.

Sourcing within Europe, all bars (Except "Coin" Bars) get hit with full tax, where as government backed (currency) coins you can get for low tax rates. so within Europe if your looking at getting as close to spot its usually a better route to go with coins

[Bullionbilly]

Thanks for all the advise to date guy's. Still reading ALOT and taking it in

[jayboat]

Same as the advice above, buy what you like.

No point in having a big pile of silver you do not like, you'll get bored and stop stacking. 

I have around 10 date runs i do every year, stacking between 3-50 of each coin and when im done buying those (normally around July), i stack britannia's and whatever looks good to me until next years coins are released. I will  take a bargain anytime of the year. Right now in this year, i have just done my first order for 2017 coins, so im at the start of a new cycle. Took me around a year to get things sorted, you find your own way. I just hope you stick at it. 

Pay off your debts first if any, buy what you can afford (dont go nuts and burnout) and save up to do bigger orders from europe to save on tax as said above. The number 1 golden rule is....... keep stacking

Welcome to the forum