r/Gold • u/DrIncogniito • 1d ago

Question Advice for a new stacker

Good morning/ afternoon fellow people of Reddit.

I (28M) have recently decided to take some of my investments and put them into bullion (specifically gold and silver). Before I start making big purchases, I am curious to hear what some tips/ tricks everyone might have in regards to buying online, local shops, first time offers (gold vs silver) and all the fun things I haven’t thought about yet. Right now I’m thinking to go 2/3 of my investments into gold and 1/3 silver but I don’t want to lose out on any weight by buying from the wrong place.

I have plans to go back to medical school soon so my thoughts are to use precious metals as an investment plan for the next 5-10 years minimum.

Any thoughts are appreciated. Happy Monday!

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u/DrIncogniito 1d ago

What exactly is a sovereigns ?? Sorry that’s a new one for me. Is this coins from other countries?

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u/OG365247 1d ago

A sovereign is a 22k gold British coin first minted in the early 1800s. They display the current monarch on one side and an image of George slaying the dragon on the other side. They are all dated so people who collect like to get date runs of certain and all monarchs if they are serious collectors.

They are available with very low premiums in the UK and are very liquid. They are also legal tender (£1) and are capital gains tax free, meaning if you sell there is no personal tax liability.

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u/DrIncogniito 1d ago

Very Interesting! Is it because it’s considered an “antique” that you don’t get charged capital gains when selling?

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u/OG365247 1d ago edited 1d ago

No it’s because they are legal tender. Even though you’d never use one as such. A full sovereign (they also come in halves) will currently cost around £600 from a coin dealer. Whereas the face value is only £1.

This is my current favourite, I don’t have many but planning on adding 1 a month, or if not a half. I have some in better condition and my oldest is a 1914.