Where to Start

[Smoggy]

Good Morning
Newbie here and I'm finding the whole Silver market quite overwhelming and I'm not really sure where to start my collection, I have looked at some good looking Bars and Coins but I'm unsure of values etc and I don't really want to be overpaying for things.
I am wanting to collect Silver as an Investment for my Pension in 20ish years (if I live long enough) and for my Children
I have been reading through the forum and see a lot of people with coins, however I was initially thinking of buying the Bars
Is one more likely to be worth more in the future?
Thanks

[StevenDS]

12 minutes ago, Smoggy said:

Good Morning
Newbie here and I'm finding the whole Silver market quite overwhelming and I'm not really sure where to start my collection, I have looked at some good looking Bars and Coins but I'm unsure of values etc and I don't really want to be overpaying for things.
I am wanting to collect Silver as an Investment for my Pension in 20ish years (if I live long enough) and for my Children
I have been reading through the forum and see a lot of people with coins, however I was initially thinking of buying the Bars
Is one more likely to be worth more in the future?
Thanks

If you are purely looking to invest, not collect or flip coins, stick to coins which have high liquidity and low premiums. Most important is where you will be selling and getting as much of the premium back as you can.

In continental Europe we pay VAT on bars, but not on government issued coins. Don't know about UK. I do recall not all government coins are capital gains tax free in UK. You might want to stick to those, eg Brittanias.

Anyway, this forum has many UK residents who know this better then me (being from Belgium).

[Au79]

Typical Buying

Coins will be worth more than bars because of premium. Bars will be worth more than Spot price because of premium (taxes included if applicable)

Typical Selling

Spot will be the guide to follow for worth. Bars can be sold under spot or slightly over spot. Coins can be sold over spot because of premium. For selling, anything goes if the price is right for the right person.

Investment Idea

Look to buy Low and sell High. Reduce premium cost eating into profit. Understand the capital systems of the country you reside in. 

[PercyItsGreen]

Have a look at bullion dealer sites and gauge the difference between the prices they buy and sell for. Coins seem to have better resale value than bars +/2%ish. If you are in the UK then best purchasing 2nd hand in private sales or from dealers to avoid the added 20% vat or look at purchasing from European sites. Always keep a look out for old uk coins that have silver content 925/500 as can often be found around spot value and can help built bulk in a stack. Happy hunting:)

[Roy]

26 minutes ago, Smoggy said:

I am wanting to collect Silver as an Investment for my Pension in 20ish years (if I live long enough) and for my Children

Hi Smoggy, do you mean as a pension supplement or as a sole pension?

[Smoggy]

Great advice regarding the VAT 20% will put the price up a lot

[Smoggy]

1 minute ago, Roy said:

Hi Smoggy, do you mean as a pension supplement or as a sole pension?

I don't have a pension of any sort so I would look to sell when I get older.
I suppose its a way of putting my money into something that I cannot just spend willt nilly

[Smoggy]

12 minutes ago, PercyItsGreen said:

Have a look at bullion dealer sites and gauge the difference between the prices they buy and sell for. Coins seem to have better resale value than bars +/2%ish. If you are in the UK then best purchasing 2nd hand in private sales or from dealers to avoid the added 20% vat or look at purchasing from European sites. Always keep a look out for old uk coins that have silver content 925/500 as can often be found around spot value and can help built bulk in a stack. Happy hunting:)

How would I know if the old UK coins have silver in them? is there a change over date?

[Roy]

Got ya.

Well, congratulations! Today is the first day of the rest of your life 😀

Give me a few mins and I'll try to find you some links.

Oh, forget about silver if you're in your 40s. You won't have time.

Roy

[Smoggy]

4 minutes ago, Roy said:

Got ya.

Well, congratulations! Today is the first day of the rest of your life 😀

Give me a few mins and I'll try to find you some links.

Oh, forget about silver if you're in your 40s. You won't have time.

Roy

Won't have time? Do you know something I dont haha

[HawkHybrid]

41 minutes ago, Smoggy said:

I am wanting to collect Silver as an Investment for my Pension in 20ish years (if I live long enough) and for my Children

 

you might want to do more homework on a

silver chart versus a gold chart over 20+ years.

 

I vote bullion gold sovereigns.

 

HH

[Roy]

Lol I'm not predicting your doom but you'd have to amass a hell of a lot of silver to build a pension pot, and store it and then sell it.

You need gold.

Look, I'm a bit busy atm but if you use the search function (top right, under your name) and enter PENSION, you will find hours of easy reading on pensions.

 

[Smoggy]

7 minutes ago, HawkHybrid said:

 

you might want to do more homework on a

silver chart versus a gold chart over 20+ years.

 

I vote bullion gold sovereigns.

 

HH

Thanks for the advice

---

Added 0 minutes later...

6 minutes ago, Roy said:

Lol I'm not predicting your doom but you'd have to amass a hell of a lot of silver to build a pension pot, and store it and then sell it.

You need gold.

Look, I'm a bit busy atm but if you use the search function (top right, under your name) and enter PENSION, you will find hours of easy reading on pensions.

 

Thank you Roy

[Au79]

Silver is more volatile in nature for 2 digit pricing. Gold is less volatile in nature for 4 digit pricing. My max. preferred mix portfolio is 66.6% in gold & 33.3% in silver. Should silver or gold double or half in value respectively, your portfolio will remain resilient than a drastic outcome.

[Smoggy]

9 minutes ago, Au79 said:

Silver is more volatile in nature for 2 digit pricing. Gold is less volatile in nature for 4 digit pricing. My max. preferred mix portfolio is 66.6% in gold & 33.3% in silver. Should silver or gold double or half in value respectively, your portfolio will remain resilient than a drastic outcome.

That seems like a good plan, I need to diversify a little and I would like some for my children who will keep it for longer than me, however I am not a very weathy man so will need to build it up over a long time

[PercyItsGreen]

If the plan is to pass onto children then why not consider gold/silver jewellery to further diversify. 18ct or even 22ct chain and bracelets can contain a significant amount of gold and chunky sterling jewellery can be found relitavely cheap. The former becoming more rare for good sized pieces.

[HawkHybrid]

silver makes a poor choice for a pm's pension holding.

 

the returns on silver are poor if you cannot dictate

when you want to sell in it's 40 year cycle. ie if you

want to sell anytime out of the massive but short

time frame spikes then the returns are poor. the

window for you to sell in silver is small. not the

most flexible if you want to sell some in the next

5-10 years and then realise that you are mid cycle

but really don't want to wait another 15+ years for

prices to favour you selling.

gold is much more forgiving on when you can sell at

decent prices.

maybe consider 80+% of your pms pension holdings

in gold?

(flexibility improves the chances of opportunities

available to you)

 

HH

[Smoggy]

3 minutes ago, HawkHybrid said:

silver makes a poor choice for a pm's pension holding.

 

the returns on silver are poor if you cannot dictate

when you want to sell in it's 40 year cycle. ie if you

want to sell anytime out of the massive but short

time frame spikes then the returns are poor. the

window for you to sell in silver is small. not the

most flexible if you want to sell some in the next

5-10 years and then realise that you are mid cycle

but really don't want to wait another 15+ years for

prices to favour you selling.

gold is much more forgiving on when you can sell at

decent prices.

maybe consider 80+% of your pms pension holdings

in gold?

(flexibility improves the chances of opportunities

available to you)

 

HH

Very informative, Thanks

 

[PercyItsGreen]

There are several sites to set up email notifications to alert on price increases/decreases. This could help decide the best time to buy and sell if you don't constantly track these things. Also keep an eye on platinum prices as it is historically cheap and fractional coins are available at reasonable prices if found in right place.

[JackKlugman]

Buying silver in the uk as an investment is hard to recommend because of the 20% VAT. Gold is a better investment vehicle because you dont pay VAT on it. However gold is currently at an all time high partly because of the weak pound as a result of brexit so i would struggle to recommend that either. 

[Au79]

3 hours ago, Smoggy said:

That seems like a good plan, I need to diversify a little and I would like some for my children who will keep it for longer than me, however I am not a very weathy man so will need to build it up over a long time

Health is the greatest wealth of all. The best state of mind creates wealth. Material wealth provides the best of worldly options. A cosy home to return is better than an empty castle.

[KevinG]

Never buy bars unless you get them cheap. Bars fall under a different margin so you pay more VAT on them. Best is to buy the cheapest coins on the market if you want it for the silver content.

[Silverclown]

8 hours ago, Smoggy said:

Good Morning
Newbie here and I'm finding the whole Silver market quite overwhelming and I'm not really sure where to start my collection, I have looked at some good looking Bars and Coins but I'm unsure of values etc and I don't really want to be overpaying for things.
I am wanting to collect Silver as an Investment for my Pension in 20ish years (if I live long enough) and for my Children
I have been reading through the forum and see a lot of people with coins, however I was initially thinking of buying the Bars
Is one more likely to be worth more in the future?
Thanks

If your in uk I would buy Britannia’s for the most part then Diversify into other cheaper coins I.E

50% Britannia’s 

30% New Zealand Owls

20% Perth mint(what ever is cheap in their range.)

i would play the gold/silver ratio, trade up to gold when the time is right then trade half my gold back to silver when the time is right again. This way you have gained gold and retained your stack of silver and a bit more. 

[LiquidMetalsUK]

I have found that on a tight budget buying silver is good for me but I then trade up to gold so best of both worlds. My libertads will be burried with me as will my britania bar and lady fortuna 😂everything else is fair game for selling and re investing in gold 😁

I've not been at this long but man it's good fun 

I would also get a silver membership on here so and use the trade section. I buy 90% of my gold and silver through the forum at really good prices and just a great group of guys to deal with imo

[Smoggy]

2 hours ago, Jamesd said:

I have found that on a tight budget buying silver is good for me but I then trade up to gold so best of both worlds. My libertads will be burried with me as will my britania bar and lady fortuna 😂everything else is fair game for selling and re investing in gold 😁

I've not been at this long but man it's good fun 

I would also get a silver membership on here so and use the trade section. I buy 90% of my gold and silver through the forum at really good prices and just a great group of guys to deal with imo

When the price is right and I'm ready to buy then I will upgrade to the Silver membership, I'm going to be collecting Gold Britannias I think, with a few nice pieces of Silver