should I invest in silver or gold?

[ArmenianPropaganda]

I have around £400-500 in my savings collected over time through pocket money and cash gifts from my family, unlike my sister I don't waste it all but I have no idea what I should spend it on, I figured I should invest it somewhere

I know it will take a while for me to get any returns but do you think its worth it? There are these coins called Britannica from the royal mint which are exempt from some tax but I also figured that there must be some trade-off if I don't need to pay any tax on it

 

[DonkChewbert]

I have around £400-500 in my savings collected over time through pocket money and cash gifts from my family, unlike my sister I don't waste it all but I have no idea what I should spend it on, I figured I should invest it somewhere

I know it will take a while for me to get any returns but do you think its worth it? There are these coins called Britannica from the royal mint which are exempt from some tax but I also figured that there must be some trade-off if I don't need to pay any tax on it

Check out my forum on Silver asap

 

[cash.org]

silver someone here predicted it and it went up crazy

 

[fckmycomputer]

Precious metals are on the rise, but they will eventually stabilise/crash, they are way too overhyped imo

 

[Anthony111554]

Silver, was going to say gold but never mind

 

[vandd]

I have around £400-500 in my savings collected over time through pocket money and cash gifts from my family, unlike my sister I don't waste it all but I have no idea what I should spend it on, I figured I should invest it somewhere

I know it will take a while for me to get any returns but do you think its worth it? There are these coins called Britannica from the royal mint which are exempt from some tax but I also figured that there must be some trade-off if I don't need to pay any tax on it

etf bro etfs precious metals have very low roi and high risk

check the pinned post on investing

MEGAGUIDE: HOW TO INVEST YOUR MONEY BETTER THAN A PROFESSIONAL INVESTING MANAGER (BACKED UP BY RESEARCH DATA)

Welcome to my megaguide on how to invest your money in the best way possible. I’ll teach you the objectively best way to invest your money, and I’ll show PROOF that this way of investing gives you better results than the ones PROFESSIONAL INVESTING FUND MANAGERS get. This is NOT clickbait...

looksmax.org

 

[Wicket]

Silver its more affordable for your price range maybe if you had like 4 to 5k id say gold

 

[ilovelaura]

you are retarded if you join at ath nigga for fuck sake

 

[ilovelaura]

etf bro etfs precious metals have very low roi and high risk

check the pinned post on investing

MEGAGUIDE: HOW TO INVEST YOUR MONEY BETTER THAN A PROFESSIONAL INVESTING MANAGER (BACKED UP BY RESEARCH DATA)

Welcome to my megaguide on how to invest your money in the best way possible. I’ll teach you the objectively best way to invest your money, and I’ll show PROOF that this way of investing gives you better results than the ones PROFESSIONAL INVESTING FUND MANAGERS get. This is NOT clickbait...

looksmax.org

investing 500 bucks in a etf is going to take you nowhere

 

[yesimog420]

First get 100k to invest then ask

 

[tomahawk]

Silver

 

[ZyzzReincarnate]

 

[vandd]

investing 500 bucks in a etf is going to take you nowhere

investing consistently will

 

[Chakras]

Forget about rare metals. They're long term investments for people with an already built capital. You're a minor, in order to invest in these you would need to get parental authorization as these transactions are reserved to adults and have a certain kind of formality to them (signature of a contract, potential valuation of the asset and or purity tests). Depending on how your parents stand at concerning your use of your money and their time this might be complicated.

Anyways, rare metals aren't investments worth it at your age regardless if you manage to buy them. Rare metals are Inflation and instability soothing assets, they help you retain buying power when either of the former happen. Survivalists and other schizos like that love RM for that reason if society goes down you better have a stack of some of the oldest currencies used worldwide, so you can trade buy a wife and eventually rebuild society. In a more realistic scenario, tomorrow there could be a large economic crisis that would leave you with a destabilized global economy and large Inflation (i.e COVID-19), you'd sell your gold when needed and get a similar or higher amount of money than you bought it at, stretching your buying power.


For now focus on generating income.

 

[loyaltothesoil]

I have around £400-500 in my savings collected over time through pocket money and cash gifts from my family, unlike my sister I don't waste it all but I have no idea what I should spend it on, I figured I should invest it somewhere

I know it will take a while for me to get any returns but do you think its worth it? There are these coins called Britannica from the royal mint which are exempt from some tax but I also figured that there must be some trade-off if I don't need to pay any tax on it

There is no 'trade-off' in the way that you are thinking.

The Gold, Silver and Platinum coins sold by the Royal Mint are exempt from Capital Gains Tax as they are considered legal tender.

Capital Gains Tax is the tax you pay on the profit of an item when you are selling it. Let's say I had a secondary property (not my main residence) that I purchased for £100,000 and sold for £503,000. I have gained £403,000 in capital, £3000 of which is exempt from any Capital Gains Tax. So I must pay tax on the £400,000. Let's also assume that I am earning £100,000, placing me in a higher tax bracket, meaning I pay 24% in Capital Gains Tax, so I must pay 24% of £400,000, which is £96,000.

If you buy Gold, Silver or Platinum coins sold by the Royal Mint, you do not have to pay any of this tax if you sell it.

Gold coins are also VAT exempt, but the Silver and Platinum coins are not VAT exempt.

The 'trade-off' is that your investments are not FCA regulated. This means that if Gold / Silver / Platinum decreases in value (very unlikely long term but still possible I suppose) you are not entitled to any compensation.

With £400-£500 saved, I would not invest in Silver yet; I would go and get something that will be able to get you more money from working, such as an e-bike for deliveries, and then invest with more capital.

 

[niggakiller13]

silver someone here predicted it and it went up crazy

‘Predicted’ Nigga the market here was closed for the holidays and silver in china skyrocketed u cant call that a prediction it was obvious asfuck LOL

 

[cargo70]

I have around £400-500 in my savings collected over time through pocket money and cash gifts from my family, unlike my sister I don't waste it all but I have no idea what I should spend it on, I figured I should invest it somewhere

I know it will take a while for me to get any returns but do you think its worth it? There are these coins called Britannica from the royal mint which are exempt from some tax but I also figured that there must be some trade-off if I don't need to pay any tax on it

Silver is at an all-time high right now (still has growth potential, obviously). Gold is also a good option, but instead of buying the actual coins, you can invest in something called an ETF. One example, the" iShares Silver Trust stock,” has gone up 150%+ year-to-date.

(An ETF is just a stock that holds assets btw)

ETFs are easier because you can buy and sell instantly, you don't need to store anything, and you don't have to worry about fake silver or finding someone to buy it.

Another this is if you're 18, I would recommend opening a ROTH IRA and investing as much as you can per year. A great platform for beginners just getting started is Robinhood.


TLDR: Silver/gold are high but growing. Buy ETFs instead of physical coins - way easier. If you're 18+, open a Roth IRA on Robinhood and invest as much as possible yearly.

 

[ugltmax]

I have around £400-500 in my savings collected over time through pocket money and cash gifts from my family, unlike my sister I don't waste it all but I have no idea what I should spend it on, I figured I should invest it somewhere

I know it will take a while for me to get any returns but do you think its worth it? There are these coins called Britannica from the royal mint which are exempt from some tax but I also figured that there must be some trade-off if I don't need to pay any tax on it

Depends where you live

 

[ugltmax]

‘Predicted’ Nigga the market here was closed for the holidays and silver in china skyrocketed u cant call that a prediction it was obvious asfu

Dude, we are talking about crisis which started since 2008

 

[ugltmax]

etf bro etfs precious metals have very low roi and high risk

check the pinned post on investing

MEGAGUIDE: HOW TO INVEST YOUR MONEY BETTER THAN A PROFESSIONAL INVESTING MANAGER (BACKED UP BY RESEARCH DATA)

Welcome to my megaguide on how to invest your money in the best way possible. I’ll teach you the objectively best way to invest your money, and I’ll show PROOF that this way of investing gives you better results than the ones PROFESSIONAL INVESTING FUND MANAGERS get. This is NOT clickbait...

looksmax.org

Metals have high risk? Even silver?

 

[vandd]

Metals have high risk? Even silver?

yes ,people ar fomoing silver but its roi is negative for the past 46 years (from the lowest recent point to current date)due to inflation so people who invested in the 80' actuallly lost money

 

[ugltmax]

Interesting, my family made millions buying silver

 

[Chakras]

Interesting, my family made millions buying silver

You wouldn't post here if they did. Millions of Zimbabwean dollars they might've made.