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closed 2008 Gold Proof 1/10 Koala
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As most here I have a bit of silver. To be totally honest I don't know why, but I like to keep in-between 12/1 and 8/1 silver to gold, I think someone mentioned that coming out of the ground there is 8 times more silver to gold and it's stuck in my mind. My gold is in the form of coins and mostly sovereigns and the silver I have is mostly in the form of bars. I do prefer the kilo bars to the ounce coins though. The issue I have with silver is the premiums and the VAT. I do try to keep an eye on the average cost for both gold and silver. As some interesting metrics, Currently I'm at £1,627.96 oz on my gold and £20.08 oz on the silver. Also whilst I have 9.58 times more silver weight than gold, my gold value is 8.92 times more at spot prices than the silver. I just think silver as an industrial metal is too useful for industry to be allowed to get too pricey as an investment metal. Gold on the other hand as a tier 1 asset I think is the one to stack.
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