Buying gold & silver?

[Chrisc]

Silver seems to be doing well recently, i imagine all the uncertainty is helping that.

I purchased a stack of 19 1/4oz britts and a stack of 16 1/10oz britts last week, for no other reason than to have in the collection.

Im not holding out for much return, but who knows in the long run.

 

[radderfire]

Both silver and gold have done well over the last year. What they are reflecting is a decrease in the real value of Sterling, after a lot of unbacked money printing by the Bank of England over the last 5+ years, i.e. inflation of the UK money supply. I expected the gold and silver price to start moving upwards earlier than it did. As I said earlier in this thread, my own view is that the gold and silver price is heavily manipulated, and this artificial price suppression kept the price down lower for longer than it should have been. We are now seeing price begin to lift up, as you can't artificially suppress prices forever.

So, in my view, you just made a good investment.

 

[200sols]

Far better to buy UK gold coins over silver in the UK. No CGT and no VAT.

 

[Chrisc]

Far better to buy UK gold coins over silver in the UK. No CGT and no VAT.

yeah its something i need to invest in more to be honest.

the gains from the small amount of gold i do have is quite impressive.

 

[Chrisc]

I dont know about anybody else, but I didnt expect the value to go up so much this year. Especially silver which is sitting just under £40/oz

 

[radderfire]

I dont know about anybody else, but I didnt expect the value to go up so much this year. Especially silver which is sitting just under £40/oz

See comments 3 posts back. It's the currency debasement trade.

There is talk of a silver squeeze again. It didn't happen last time, but maybe it will this time. Customers are standing for delivery on Comex, i.e. asking for physical silver to be delivered. There is a shortage of physical gold and silver. Big finance is likely to be buying because they know the amount of debasement in currencies.

 

[Lopéz]

I bought a 50g gold bar on a complete whim in August, I'd always fancied one:

It's gone up over a grand since then - this is the the current "we buy" page from the same merchant:

And bear in mind that's the sell price vs the buy price, the true value increase is even more than that.

I wish I'd bought ten!

Gold is VAT free here too, but only CGT exempt after you've held the items for one year I think.

 

[Chrisc]

I bought a 50g gold bar on a complete whim in August, I'd always fancied one:

It's gone up over a grand since then - this is the the current "we buy" page from the same merchant:

And bear in mind that's the sell price vs the buy price, the true value increase is even more than that.

I wish I'd bought ten!

Gold is VAT free here too, but only CGT exempt after you've held the items for one year I think.

I should have bought more gold but i got into buying 1oz silver, more for collecting purposes rather than to make money. Still appears to have been a good investment.

 

[toString]

I foolishly bought 1k of stock in these shares ,thet have done terribly and due to a reverse takeover are on the Canadian stock exchange now ,its one of those where you refuse to sell at a loss just in case ..............
edit ,not excited about the latest rise looking at that volume

Patagonia Gold Corp is a Canada-based mineral exploration company. The firm is engaged in the exploration, development, and production of gold and silver projects in the southern Patagonia region of Argentina, Chile, and Uruguay. It also holds interests in mineral exploration companies, which are involved in the identification, acquisition, development, and exploitation of mineral projects. Some of its projects include the Calcatreu, Cap-Oeste, El Tranquilo, La Josefina, La Manchuria, and La Valenciana.

I know this is from 2022... But do you still have the shares?! The graph is looking great right now..

 

[aardvark]

The price is frankly crazy the last 6 months - not a good sign for the world economy.

 

[mattyg]

Ships long saled. Should have bought it 10 years ago. Wait another 10 for the next crash then pounce

Gold is on a long term downward tread. Stick it in an isa for a few years until the tread reverses

Gold Price for 5 Years | GOLD.co.uk

5 Year Gold Price Chart - GOLD.co.uk brings you the gold price for the last 5 Years in UK GBP sterling per ounce. View more gold price charts.

www.gold.co.uk

How long term are we talking

 

[moon man]

I know this is from 2022... But do you still have the shares?! The graph is looking great right now..

Yeah they are still in my Halifax trading account but still showing a big loss

 

[brightside229]

Not bought, but sold. Had a gold chain in a draw for the last 19 or so years, 17.9grams 9c, just got over £600 for it, pretty sure i paid around £180 to begin with.

 

[silversurfer]

Yeah they are still in my Halifax trading account but still showing a big loss

I have EGO shares showing a loss, funny enough in the same place. However I looked at it every year since, I bought a few sadly also had to sell a few but with the average of what I got on lows its not a loss. The problem with big mining like this its easily ten years to play out, its big league for sure. In fact 14 years because they fire bombed the workers heavy equipment, it was controversial as EGO is very large foreign multi national and Greece has many nationalists.

Canada Australia and also London are big commodity centres, I think they do well for it going forward.

not a good sign for the world economy.

Its a red flag, all the factors that reflect in gold are over my head its macro economics but yea gold is a form of insurance is how its thought of. It relates to fear surely. UK sold most of its own, thats why I did think people should own at least a bit, some is in ftse i guess counts.

 

[mattyfez]

I have EGO shares showing a loss, funny enough in the same place. However I looked at it every year since, I bought a few sadly also had to sell a few but with the average of what I got on lows its not a loss. The problem with big mining like this its easily ten years to play out, its big league for sure. In fact 14 years because they fire bombed the workers heavy equipment, it was controversial as EGO is very large foreign multi national and Greece has many nationalists.

Canada Australia and also London are big commodity centres, I think they do well for it going forward.


Its a red flag, all the factors that reflect in gold are over my head its macro economics but yea gold is a form of insurance is how its thought of. It relates to fear surely. UK sold most of its own, thats why I did think people should own at least a bit, some is in ftse i guess counts.

You can thank Gordon Brown for that... He sold off loads at a bad time for selling gold.

And the toss pot was Chancellor at the time... Stupid idiot.