Where to Begin?

[Method]

Hello Everyone,

This is my first post on this forum and i'm looking to get some insight from stackers/collectors.

I've been toying with the idea of buying into precious metals for quite sometime now (maybe a year or so) as a way of saving. 

some things i would like to know more about:

 

Gold vs Silver

Bars vs Coins

 

i am sure these are asked quite often on these forums but i Will be looking to put £150-£200 in each month and just want to make sure i'm investing in the right place.

 

i look forward to hearing from a community.

 

Method.

 

[BackyardBullion]

Hi @Method - welcome to the forum!

Check out my recent "beginners guide" video - I have just been covering some of these topics, and next week I will be looking at Bars vs Coins!

 

[whitesands1]

Welcome, there is a lot of helpful information and GREAT people on this forum.

BackyardBullion's video is amazing!

 

[BackyardBullion]

3 minutes ago, whitesands1 said:

Welcome, there is a lot of helpful information and GREAT people on this forum.

BackyardBullion's video is amazing!

 

You are too kind my friend

[Method]

The VAT on Silver is pretty annoying which has had me leaning towards gold for sometime now but then upon more research private sellers seem to charge roughly what you would be paying including VAT anyway. I think the gold Vs silver is preference and maybe the same for bars Vs coins. But can you make the premiums back that you pay on coins when it comes to selling?

[BackyardBullion]

@Method

We tend to buy silver from europe for a lot cheaper. Websites like www.silver-to-go.com www.goldsilver.be or www.europeanmint.com are good places to start. Only viable if you are buying enough to warrant the shipping but it usually works out cheaper.

I have started organising group buys from Europe and will be doing it more in the future. A great way to pick up a few coins without big delivery charges and avoiding nasty VAT!

DM if you want more info!

 

[Paul]

Keep things simple - just buy and stack full and half sovereigns once you have enough funds.

Lowest % price spread, highly liquid, ready resale market, ease of storage, CGT free.

[Agpanda]

Welcome to the forum

[Method]

3 minutes ago, Agpanda said:

Welcome to the forum

Thanks

[Lea79]

I agree with Paul.  Gold sovs are affordable and easy liquidate as and when needed.

welcome to the forum by the way ?.

[Goldmick]

On 2017-5-19 at 11:26, Paul said:

Keep things simple - just buy and stack full and half sovereigns once you have enough funds.

Lowest % price spread, highly liquid, ready resale market, ease of storage, CGT free.

It's hard to beat sovereigns I've done loads of looking at buying price and selling price and it's hard to better them plus the is so many to get and there very popular it's no wonder so many people on here buy them and there in your price range