Buying gold & silver?
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you could probably invest in a gold ETF, that would likely be the most efficient way
otherwise you've got things like gold sovereigns that would be within budget, but from an investment perspective you're paying a bit of a premium if you want to actually possess some physical gold, especially if you want it in the form of coins
otherwise you've got things like gold sovereigns that would be within budget, but from an investment perspective you're paying a bit of a premium if you want to actually possess some physical gold, especially if you want it in the form of coins
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Soldato
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Gold soverigns are 22ct. Nominal value is £1 I think, the long term trend would seem to be up then as its like 100 or 200 now.
Also tax free, its about the most normal way you can hold gold and its perfectly normal sensible thing to do if you do have large cash holdings as all other coins invariably devalue where as gold does not
Everybody should have 1% gold at least, its kinda a clue that the majority dont recognise it as a mainstream option. Its seen as very speculative, of course if you dont have a lot of cash then dont and most are indebted to a mortgage instead
https://www.bullionvault.com is another option. I prefer physical allocated gold which is stored in a vault and independently audited over the unallocated nature of ETFs - I felt BullionVault provided that at the best value for money, in the context of the investment size I intended to make. I find ETFs are useful if you want to supplement your gold and silver exposure with a little diversity into other precious metals.
i disagree that gold is on a downtrend.
anyway, i can recommend coinvestdirect.
for gold i recommended sovereigns - free from cgt on selling.
silver is trickier as you pay vat, so thats 20% on top as soon as you buy (if you buy physical). silver is also very volatile and not for the faint of heart!
anyway, i can recommend coinvestdirect.
for gold i recommended sovereigns - free from cgt on selling.
silver is trickier as you pay vat, so thats 20% on top as soon as you buy (if you buy physical). silver is also very volatile and not for the faint of heart!
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The original £500 would have nearly doubled so much for long term downward trends
Gold jewelry, melt price only bar a modest commission. Gold is most useful when you are in deep trouble and you can say to someone, "Take me to X / let me pass / whatever and I'll give you this gold ring / necklace / whatever." However if you offer a gold coin they'll likely assume you have more coins whereas that will not be the case with a ring or necklace - you can just say that it was your mother's or whatever.
The same goes for silver.
The same goes for silver.
Soldato
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There are some good YouTube channels:
Maneco64 for the history of money and gold/silver investment. Also does some discussion of coins.
Arcadia Economics for silver.
One issue I have with it is there is inevitable environmental impact from mining, so I prefer Bitcoin for an inflation-hedge investment, which is more volatile and riskier, but has also massively outperformed gold over the long term.
Maneco64 for the history of money and gold/silver investment. Also does some discussion of coins.
Arcadia Economics for silver.
One issue I have with it is there is inevitable environmental impact from mining, so I prefer Bitcoin for an inflation-hedge investment, which is more volatile and riskier, but has also massively outperformed gold over the long term.
Similar thoughts to before, gold ETFs if you're only investing small amounts as per OP. (Can stick it in an ISA that way or a SIPP if applicable).
Gold sovereigns can be bought for those sorts of amounts too and could be fun to own, better than buying other physical gold as an individual in the UK (bullion, jewelry) as there are tax advantages, no CGT or VAT (VAT not applicable to gold bullion either to be fair).
Similarly, silver coins issued by the Royal Mint have those tax advantages vs silver bullion (which is subject to VAT) and jewlery.
Gold sovereigns can be bought for those sorts of amounts too and could be fun to own, better than buying other physical gold as an individual in the UK (bullion, jewelry) as there are tax advantages, no CGT or VAT (VAT not applicable to gold bullion either to be fair).
Similarly, silver coins issued by the Royal Mint have those tax advantages vs silver bullion (which is subject to VAT) and jewlery.
I don't really see how it's an inflation hedge? Inflation has increased recently and BTC has taken a bit of a dive... the previous BTC gains have been in a period of rather low inflation, where is the link to inflation?
Soldato
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Over the long term, i.e. years and not months. In the short term, i.e. months, Bitcoin is highly volatile with frequent plus or minus 30% moves, but over time it keeps going up as the central banks keep printing money, and when you look at the graph over years, it basically curves up and the short term moves become insignificant.