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How much do you spend on precious metals per month?


ChrisSilver

Monthly Precious Metals Spend  

48 members have voted

  1. 1. On average how much do you spend on precious metals each month?

    • £0-10
      0
    • £10-50
      2
    • £50-£150
      11
    • £150-£300
      13
    • £300-£500
      13
    • £500-£700
      3
    • £700-£900
      1
    • £900-£1200
      3
    • £1200-£1500
      1
    • £1500-£2000
      1
    • £2000-£3000
      0
    • £3000-£5000
      0
    • £5000+
      0


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On average how much do you spend on precious metals each month? This poll is anonymous. 

My posts are my personal opinions, they do not constitute advice or financial advice.

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I am aiming moving forwards to spend 10% a month on pm.

Historically It has been above this on average, but a regular disciplined approach will be beneficial to me.

Binging on PMs is fun but I haven't always gained from the fluctuations in price, where as 10% each month rides the average price out :)

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I find £30 a week sustainable, works out to about 100 Oz a year.

But I did have a bit of a head start of blowing £2.5k from day 1, that`s why I have about 300 Oz at the moment in my Personal stack for only 2 years, the rest comes and goes as it`s feedstock really and the average is hard to work out :)

 

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Its not for me to say how much someone should put into a certain investment, but at £1500-£2000 per month thats the following at £1750 per month

 

£21,000 per year

£210,000 per 10 years

£630,000 per 30 years

So how much are you putting into other investments?  

 

 

 

 

 

 

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I aim for around £400 a month, but I have been naughty recently and spent way more than that. That 1887 £5 sovereign has taken me up to the annual spend on PM's so either I will be buying nothing else this year or I will be heavy PM's come January... :D

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I will be coming up to a year stacking at the end of October. 

I am a binger so have had months when I have bought 5 sovs but months where I have bought nothing.

I was planning to make an anniversary thread and see how my stack ties into the aims I had when I started, how my strategy changed over the year etc :)

 

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