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Are you seeking a savvy strategy to diversify your investment portfolio and shield yourself from potential economic turbulence? Look no further than the wonderful and wacky world of silver. Silver, often referred to as golds "baby" brother, has long been a stalwart choice, offering an array of advantages, especially for those who prefer a more budget friendly option compared to gold or the once mighty platinum.
The allure of silver lies in its enduring legacy of value retention and price stability, always managingto keep pace with inflationover a prolonged period of time. Silver has withstood the test of time and remains a trusted asset for safeguarding multi-generational wealth. Moreover, for those of us with more modest budgets, silver is an accessible and pragmatic choice, making it an excellent starting point for newcomers looking to dip their toe in the precious metals investment scene.
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Investing in physical silver, allows you to independently preserve your wealth outside the confines of the traditional banking system. This means you're not solely dependent on paper money, which can sway with market whims. Instead, you possess a tangible, real-world asset that can maintain its value even amidst uncertain times. When you secure silver coins or bars from a reputable dealer, you can rest easy knowing your investment is shielded from the volatility of markets and the capriciousness of currency movements. It's akin to having an insurance policy that safeguards your hard earned gains.
If economic and political instability keeps you awake at night, silver can serve as your financial fortress. Throughout history, it has been a safe haven against inflation and currency devaluation. Owning physical silver in the form of coins is a wise move to diversify your holdings and protect your wealth during tumultuous periods. For those eager to maximise their investment's potential, silver bars or silver rounds offer an enticing option. Often more cost-effective than coins and available in larger sizes, they have the potential for greater returns. Globally recognised as a form of currency, silver bars are easily tradable if the need arises. Furthermore, they require less storage space compared to coins, making them a practical choice.
However, delving into silver bullion investment necessitates a grasp of the dreaded associated tax implications. In the UK, specific silver coins, like the silver Britannia from the Royal Mint, enjoy an exemption from capital gains tax (CGT) due to their legal tender status. Conversely, CGT is applicable to gains from other silver forms such as bars or rounds. There's also the bain of my life - 20% value-added tax (VAT) applied to all silver bullion purchases in the UK, which can be quite a burden and makes overseas purchases all the more enticing(hello @goldrooster 👋).
Choosing a reputable supplier is paramount in the world of silver investment. Seek out experts with a proven track record in precious metals. A trustworthy dealer will offer invaluable insights and assist you in making well-informed investment choices that align with your goals. For those serious about embarking on this journey, the #silvergoldstackers community stands ready to lend a helping hand and address any inquiries you might have. And remember- "if you dont hold it, you dont own it"!! So stay away from those ETFs and off sight storage solutions..... When things get messy and you cant get access or hold your silver, youll realise how important it was to take physical possession of your precious investment.
If you dont own any precious metals, then why not tell us? As a community we encourage ALL engagements and encourage everyone to take the plunge and own at lease a sinlge ounce of silver or a fraction of gold. If your struggleing to find a safe and secure place to buy, reach out to the community as there is always someone willing to offer their time and advice to help you out.
40+yr old, trying to shift a few pounds and sharing his efforsts on the blockchain. Come find me on STRAVA or actifit, and we can keep each other motivated .
Proud member of #teamuk. Teamuk is a tag for all UK residents, ex-pats or anyone currently staying here to use and get a daily upvote from the community. While the community actively encourages users of the platform to post and use the tag, remember that it is for UK members only.
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Want to find out more about gold and silver? Get the latest news, guides and information by following the best community on the blockchain - #silvergoldstackers. We're a group of like minded precious metal stackers that love to chat, share ideas and spread the word about the benefits of "stacking". Please feel free to leave a comment below or join us in the community page, or on discord.
Physical precious metals are the pinnacle of financial privacy
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I'm short on cash but continue to cheer on everyone else to keep Stacking.
I hope by the time I come to use it GGT will be no more. I hear they are reducing the threshold again next year.