Gold or silver now?

[Safestacker]

Hi all

With Brexit now looming (VAT then added to silver) and gold prices on the rise, which is better to buy - gold or silver ? 
 

I have some saints and want to put a couple thousand into more PM now but not sure which ? 

Thanks. 

[5huggy]

AG and AU -  50% IMHO!

[RockStarDrummer]

BOTH MAN!!!

 

Gotta have BOTH!!!

[danmc82]

51 minutes ago, 5huggy said:

AG and AU -  50% IMHO!

Ahh, but is that in weight, cost, volume, smell 😁

[5huggy]

5 minutes ago, danmc82 said:

Ahh, but is that in weight, cost, volume, smell 😁

[blindguy]

do not forget about platinum rarer then gold!!!!

[Agnostic]

2 hours ago, Safestacker said:

Hi all

buy - gold or silver ? 
 

 

Yes!

[Airhead]

VAT will not be levied on Silver until 31st December as we will be in that part of the agreement where nothing changes. Can’t think of the correct term 🤔 

The Gold Silver ratio is heading once again towards 90 which seems to point to Silver being cheap relative to Gold

[Oldun]

90/10 au/ag. Ag reflects inflation and there is none, hence the stagnation of prices over long periods of time. When people thought there would be inflation, it rose significantly. If you think inflation is coming, buy silver.

[richatthecroft]

4 hours ago, Safestacker said:

Hi all

With Brexit now looming (VAT then added to silver) and gold prices on the rise, which is better to buy - gold or silver ? 
 

I have some saints and want to put a couple thousand into more PM now but not sure which ? 

Thanks. 

 

Gold...no wait, buy Silver...no Gold,  but I like Silver...no Gold....Silver.. just continue to buy both Silver and Gold...or maybe Gold and Silver...

I like what @Oldun says- makes sense:

 

2 minutes ago, Oldun said:

90/10 au/ag. Ag reflects inflation and there is none, hence the stagnation of prices over long periods of time. When people thought there would be inflation, it rose significantly. If you think inflation is coming, buy silver.

 

I am continuing to buy both- my spreadsheet says I own 85% Gold and 15% Silver...

 

[Auricsstash]

At these levels silver...

[Money2Metal]

I'm personally leaning more towards gold atm and will be offloading most of my silver, maybe on here, to be replaced with gold. 

[HawkHybrid]

gold is not interchangeable with silver.

which one you choose should be determined by what

your strategy requires.(risk reward etc)

 

HH

[blindguy]

my strategy is he who has the most wins. so i buy both gold and silver when i find a good buy. in the states we can buy most days at melt prices. since jan. 1 i have bought both gold and silver at melt. so buy both. jim

[Oldun]

Uk stackers have to pay Value Added Tax of @20% on top of the premium for silver so it isn’t as simple as it is for you guys n gals across the pond.

[blindguy]

i wish you guys in the uk did not have the vat tax!!!!  jim

[Empire]

Gold for me, just because it's far easier to sell when the time comes, far lower premiums over spot, and in the UK avoids the 20% VAT.

That being said, if I was to pick up some silver I would buy tubes of Britannias from the Royal Mint and use their storage service. This way, avoids the 20% VAT, I don't have to worry about storage / insurance and they will buy back at a decent price.

[Oldun]

Does The RM charge  for storage ?

Scratch that. Yes, it does. So £60 per annum if you hold £5K of silver with them, for example.

https://www.royalmintbullion.com/Fees

 

The storage rate is 1% + VAT per annum. Storage rates are charged quarterly in arrears and are based on the average daily market value of your total metal holding that is stored in The Vault™. Invoices are issued quarterly and must be settled immediately.
Late Payment Fee	A late payment fee may be charged on outstanding payments for storage. The fee will be equal to 0.50% of the overdue balance for every month or part month that the balance remains unpaid. This charge reflects the costs of collection. Any fees collected in excess of costs suffered by The Royal Mint will be donated to charity.

[Empire]

2 minutes ago, Oldun said:

Does The RM charge  for storage ?

Yep: "The storage rate is 1% + VAT per annum. Storage rates are charged quarterly in arrears and are based on the average daily market value of your total metal holding that is stored in The Vault™. Invoices are issued quarterly and must be settled immediately. "

You can also invest in their 'signature' range, where you can buy allocated gold / silver by the gram. The fees on this are 0.5%, but you can't take delivery of the gold / silver for obvious reasons. It's also liable to capital gains tax in the UK.

Good thing about the coin storage service is, it's CGT free (if you buy british coins), vat free (if you don't take delivery), secure, and they will buy back at a decent price. Downside is that you can only buy full tubes, which is fine for silver, but kinda limiting for gold. You would need to buy a 25 tube of sovereigns for example.

[Oldun]

As above, I edited but thank you for the research

[goldking]

The storage costs on silver would quickly overtake what it's actually worth. 

[Empire]

On 28/01/2020 at 11:50, Empire said:

Gold for me, just because it's far easier to sell when the time comes, far lower premiums over spot, and in the UK avoids the 20% VAT.

That being said, if I was to pick up some silver I would buy tubes of Britannias from the Royal Mint and use their storage service. This way, avoids the 20% VAT, I don't have to worry about storage / insurance and they will buy back at a decent price.

Hmm, so apparently this is wrong. If you buy silver from the Royal Mint and have them store it, they still charge you VAT! They even charge VAT on their 'signature' range! Pretty sure this wasn't the case previously, but might be wrong. Pretty rediculous charging VAT on items that you aren't taking delivery of. That's like charging VAT on a silver ETF investment.