I actually have the cheapest way to invest in precious metals. It's via a spreadbetting company called BUX Markets.
They don't charge any financing on daily contracts if you fully fund the position, so the only cost is the small spread on the position.
It also removes currency exposure because a spreadbet is only "pounds per point" on the dollar quoted price. Granted, in retrospect, currency exposure to the US dollar would have been very beneficial, but I once thought that GBP would recover after a Brexit deal.
Yes, I am aware of the risks of spreadbetting, but they are primarily a result of using leverage, which I am not using with BUX. Returns are also tax free.
I've held silver as the majority of my portfolio since 2010 after seeing all those videos of Jim Rogers, Peter Schiff, Marc Faber and some of the ramping from moneyweek journalists.
I totally missed the tech boom.
I even bought platinum and gold. Investment has just been a waste of my life.
If you want to make a decent return, buy the stocks the politicians own, like Pelosi. They know who they went to help.
I actually have the cheapest way to invest in precious metals. It's via a spreadbetting company called BUX Markets.
They don't charge any financing on daily contracts if you fully fund the position, so the only cost is the small spread on the position.
It also removes currency exposure because a spreadbet is only "pounds per point" on the dollar quoted price. Granted, in retrospect, currency exposure to the US dollar would have been very beneficial, but I once thought that GBP would recover after a Brexit deal.
Spreadbetting is a rabbit hole I do not recommend. Even if you get the call right it is very easy to lose money
You called the bottom and then the top in Silver! Very impressive!!
Thank you!
Yes, I am aware of the risks of spreadbetting, but they are primarily a result of using leverage, which I am not using with BUX. Returns are also tax free.
I've held silver as the majority of my portfolio since 2010 after seeing all those videos of Jim Rogers, Peter Schiff, Marc Faber and some of the ramping from moneyweek journalists.
I totally missed the tech boom.
I even bought platinum and gold. Investment has just been a waste of my life.
If you want to make a decent return, buy the stocks the politicians own, like Pelosi. They know who they went to help.
I know the feeling. But the tech boom ended badly for a lot of people don't forget ...
Chris, I'd point you in the direction of Andrew Craig's book, How to own the World.
A basic guide to asset allocation. I found it enormously useful.
Any passings thoughts on an interim target price for the year?
Longer term, the round number of $50 doesn't seem ridiculous...
Or is that just me?
Longer term I suspect it will return to $50 but that could be decades away. For now I'd take low to mid 20s
Low to mid 20s maybe?