Good Afternoon All!
My name is James and I am from the UK, just outside of London (Moving into London in the next few months!) - I am a Watch Dealer and have been dealing for over a year now and work in the Jewellery & Watch Industry as my day time job. So I am quite used to the collecting mindset, assessing value of items and watching how the market plays and reacts to things. But my reason for starting with Silver is completely different to my buying and selling of watches and even my collecting of watches.
For the past 2 years I've been doing my best to create some long term investments and have failed miserably, for short term investments and playing the speculation game I am already doing that with the watches. But for long term there aren't many watches I would want sitting in the safe for 20+ years so I can take out and sell, many factors for that beyond just value, service the watch in that time period and many other factors come to mind. So I've tried multiple different things, like just letting money sit in an account which is the worst for multiple factors, plus if the cash is there I like to spend it lol. So I started doing some research about 2 weeks ago and came across Silver & Gold Bullion, it made immediate sense to me and I found myself looking at how the market has changed for both and also Palladium and Platinum etc... Being in the Jewellery industry I already was aware of the value in precious metals and also knew about Bullion, but never looked into it as a form of investment for myself.
So about a week of reading and watching videos went by and I decided I would begin very small! I am not rich, heck I'm 20 and investing the majority of my money back into stock for my business so I am left with very little at the end of each month. So for me starting with Silver made the most sense and buying coins, when I read they are free from Capital Gains TAX I was immediately going to stick to coins lol. I purchased only 2 coins to begin with from Gold.co.uk, a 1oz 2018 Silver Britannia and a 1oz 2018 Silver Maple, I plan on buying 5 Silver Coins in one go next and I am currently looking all around on where is the best place to do so and how to get the best value, hence why I have made this account and plan to search these forums! (If you love talking Silver and would like to save me some time by either pointing me in the right direction or would like to talk me through it please do so!)
My plan is to invest in Silver 1oz Coins until I have enough to sell them all and replace them with a 1oz Gold Coin, from what I can see Gold is definitely king and for the LONG term makes the most sense. Would love to know what you think of this plan?
Thank you all very much for your time and reading! Look forward to meeting some of you and I have no doubt I'll probably meet some of you in London at some point during this long journey of buying Silver & Gold!