With the silver market ever so changing when is it the right time to sell and buy some more?

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What's going on bloggers
SilverGoldHunter here and yes it has been a while

Since we are at the weekend and with the price is stuck at the price of £18.86


On today's blog, we will be discussing when to Sell & Buy more silver.

So let's start with selling

(Before we start I am not your financial advisor this is for pure entertainment purposes only).

As you can see over the years I have been collecting silver for quite a long time ranging from Britannia to the Queen's beast set.

As you may see that I have over 38oz & 25g which is equivalent to 1.2069 KG and if we run this through the calculator on coinapps.com

It would say that it would be worth £727.57 but I want to make a bigger profit out of it so let play a few life hacks.

first of all, before selling. is to remember the price of silver which you have bought and also you must do some comparison to find a profit out of silver.

Here is my sheet which I have done.

If I did sell all of them at my recommended price, I would score just over £1,500 which is a profit of just over £1,000.


Since we have £1,500 in the kitty we will proceed to the next step which is buying.

We will use mad-4silver because as they are very cheap and we will buy some 2021 Britannia


We will buy a total of 52 Coins and including a discount of 1.5% which total would be £1,484.87


Next, we will do a comparison check we will use Bleyerbullion

As you can see I've put the quantity of 52 coins, but the final price total does not include the VAT or the times of quantity as well.

As I click on the 'add to basket' button it would say that I would have to pay the amount of

If we were able to sell all of our 52x 2021 Britannia after each one (£30.54) then deduct the from buying these 52 coins from mad-4silver you would take home a profit of

£103.21

Q&A

Q. How did you work that out?
A. For starters if you are a resident of the United Kingdom that's good and some coins in the UK are CGT exempt. So basically if you live in the UK then you have a chance of making a profit.


I'd hope that you enjoyed my experiment

And I hope that you would enjoy your day.

PEACE OUT EVERYBODY

SilverGoldHunter

Posted Using LeoFinance Beta



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