PMs General Thread

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itsybitsy
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Re: PMs General Thread

Post by itsybitsy »

scoobie wrote: Tue Feb 04, 2025 11:03 am I've got 20 silver Britannias from 2015 that i'm contemplating cashing in :lol:
I have got a few too - paid around £16/£17 for them. :lol:
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pseudonym
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Re: PMs General Thread

Post by pseudonym »

Remember this?

2016:
pseudonym wrote: Wed Feb 24, 2016 2:13 pm Gold at £892

Silver at £11

Something's happened.
today:
pseudonym wrote: Tue Feb 04, 2025 3:00 pm Gold: £2280.47 per troy ounce :shock:

Silver: £25.80 per troy ounce
Two is one and one is none, but three is even better.
ForgeCorvus
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Re: PMs General Thread

Post by ForgeCorvus »

I suppose I'm at the other end of the curve.
Had some unexpected money in late November and decided to take the plunge (although I had played at it a bit for the last couple of years)
Buying mostly silver 1 oz .999 coins, .999 bars and Sterling (if the numbers fall right) , all on the secondary market so far.

I know the prices are high..... But they'll be higher in 17+ years when retirement might be possible.

I keep seeing what I call COVID stacks showing up, a group of, quite often, Britannia's dated '20 and '21 sometimes with a small bar or two. listed at prices that are either quite low or stupidly high (saw one recently for more then double spot).
jennyjj01 wrote:"I'm not in the least bit worried because I'm prepared: Are you?"
Londonpreppy wrote: At its core all prepping is, is making sure you're not down to your last sheet of loo roll when you really need a poo.
"All Things Strive" Gd Tak 'Gar
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pseudonym
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Re: PMs General Thread

Post by pseudonym »

ForgeCorvus wrote: Wed Feb 05, 2025 8:31 pm Snip>I suppose I'm at the other end of the curve.
Anywhere on the curve is a headstart on others. ;)
Two is one and one is none, but three is even better.
ForgeCorvus
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Re: PMs General Thread

Post by ForgeCorvus »

pseudonym wrote: Wed Feb 05, 2025 9:35 pm
ForgeCorvus wrote: Wed Feb 05, 2025 8:31 pm Snip>I suppose I'm at the other end of the curve.
Anywhere on the curve is a headstart on others. ;)
The best time to start stacking* was years ago, the next best time is today....... The worst time is never

*Could read as "Prepping"
jennyjj01 wrote:"I'm not in the least bit worried because I'm prepared: Are you?"
Londonpreppy wrote: At its core all prepping is, is making sure you're not down to your last sheet of loo roll when you really need a poo.
"All Things Strive" Gd Tak 'Gar
Britcit
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Re: PMs General Thread

Post by Britcit »

I am still buying a couple of 1oz Britannias each month even with the prices going up.
Like many, I’m in it for the long haul so will be holding my PMs for 10-15 years.
I currently buy from Silvertrader.
(I’m not affiliated with them in any way, that’s just who I buy from)
Prepping for lifes little mishaps, and some of the bigger ones as well.
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hobo
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Re: PMs General Thread

Post by hobo »

My PMs will pass on to my kids unless money becomes too short in my lifetime!
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itsybitsy
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Re: PMs General Thread

Post by itsybitsy »

Britcit wrote: Thu Feb 06, 2025 2:29 am I am still buying a couple of 1oz Britannias each month even with the prices going up.
Like many, I’m in it for the long haul so will be holding my PMs for 10-15 years.
I currently buy from Silvertrader.
(I’m not affiliated with them in any way, that’s just who I buy from)
I use him too.
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pseudonym
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Re: PMs General Thread

Post by pseudonym »

hobo wrote: Thu Feb 06, 2025 8:58 am My PMs will pass on to my kids unless money becomes too short in my lifetime!
That's my reasoning too.
Two is one and one is none, but three is even better.
GeraldTheBonzai
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Re: PMs General Thread

Post by GeraldTheBonzai »

Seriously thinking of getting a bit more silver.

Read an interesting article a while back by a US prepper. Basic argument was that if the unit value of bullion gets too high then it loses utility - it can only be for investment. But to cash in, you can only exchange it for fiat currency, or look to exchange it for smaller units of bullion. So having a reserve of lower value coinage has more utility.

That makes sense to me. With gold at say £2300/ounce, you can't really use a Britannia or Sovereign in an exchange situation- it has too much value. Even a 10th ounce is worth £250 ish. Silver, at say £35/ounce has utility - you could for instance exchange that in a barter situation.