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Howard

Precious metal investments which is best?

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What do most people think is the best investment when exchanging fiat currency into precious metals?Notice i do not use the word buy as all we are doing is exchanging one form of money into another that hopefully will increase in value over time rather than decrease with inflation.

  My personal opinion is silver coins starting with the cheaper end such as Eagles,Britannias and Maples before moving on to the Lunar coins and Krugerrands .Once you have stocks of these i would suggest looking at M.S.70 limited edition coins as longer term investments.

I much prefer coins to bars because of the collector value and silver to gold because of the cheapness of silver at the moment when you consider the historical price ratio.Also one has to consider when purchasing bars they have to be bought at near spot price as possible and with the current manipulation of spot by governments and banks there is no possibility of short term gains.

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Local coins always tend to carry the least premium, so those are always the best to invest in. If you are worried about the "possibility of short term gains" then precious metals are not the best investment. It tends to be more of a hedge against inflation more than an investment with big returns.

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I agree precious metals are not about short term gains however i bought 1oz silver eagles,maples and britannias from Mintbuilder in the states for £15 each inc shipping to the U.K and they are selling on Ebay for £22 however the bigger profits on coins in particular are the graded limited edition ones that are bound to increase in value over time

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No matter what you choose, it will be better in the long run and more fun owning precious metals (PM’s), but only a smal percentage of your wealth I advise.

I was born in 1967 when $1000 bought 28 oz of gold. Today $1000 buys just over an oz of gold...that is how much fiat money destroys wealth over time (assuming zero interest on savings etc etc)

Buying new silver in the UK is a bad idea thanks to VAT, but many members far more knowledgable than I will be able to point you in directions where this can be avoided. Buying new is not always the best way to go especially with silver bullion..

One thing I do know, if you have gold in your pocket,  every bullion dealer / pawn shop  (not porn!)  will want to take it from you. Silver I find is less easy to sell at a profit in the short run..

Each to  their own,  but whichever route you choose, don’t go the full monty from the start, buy a little at a time.

 

regards and welcome to the forum

Edited by Kookaburracollector

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Thanks for the welcome and advice.I do try to buy silver vat free which is why i use mintbuilder in the states or Coininvest in Germany.The only company in the UK i find competitive on small orders is Silvertrader in Newcastle

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