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.
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.
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)
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.