Previous metals
I have started to buy silver coins to preserve what wealth I have. When the stock markets crash as they surely will I for one do NOT want any cash in a bank.
I have started to buy silver coins to preserve what wealth I have. When the stock markets crash as they surely will I for one do NOT want any cash in a bank.
Makes sense to me and i convert my spare fiat into metals on a regular basis.
Being in the uk silver has VAT as it's classed by the eu as an industrial metal. where as gold no VAT on that. purely to preserve wealth gold is better imo.
I'm all for silver due to how cheap it is and the ratio to gold right now is 79.69 to 1. but thats actually the spot price. The price it comes out of the ground at and you generally have to pay a premium over spot and generally larger the piece you buy the lower the premium.
What silver you buying and from where i buy mein from eu dealers as some work under a margin scheme and coins only taxed at 7%. but you got to buy enough to make postage worthwhile. gold you can buy anywhere in eu or even outside the eu but silver if bought outside the eu you will get a customs bill.
Just though i'd share some of my thought with ya both metals are good but are different and i guess it's how you apply that to your needs and goals.
No wrong or right way really but not all coins are equal but thats another issue i talking cheapest coins you can find. although if in uk and you buying alot worth getting the CGT free coins from RM like queens beasts or britainias. cost slightly more than cheapest coins but say silver did rise alot and not cgt free coins you will get taxed on profit. gold or silver.
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