When i was updating my PM spreadsheet earlier, that the overall value of (just) the metal content of my gold and silver is now the same as the money I spent on all the coins/bars in the first place.
Crazy that the recent uplift (mainly in gold) has wiped out the not-insignificant premiums I've spent on silver and proof coins.
- On silver, my average premium paid is 70.4% over spot at the time of purchase. I would need spot to be £16.37 to break even on my silver stack
- On gold, my average premium paid is 11.9% over spot at the time of purchase. £1035.17 was my breakeven point for my gold stack.
As you can see, I'm not just stacking the cheapest bullion I could get my hands on!
I guess I'm fortunate that I got in to PM when they were relatively cheap, rather than starting in 2011-12 for example.
Long may this trend continue!