Greetings friends, I have new treasures to speak of.
There are 10 new silver coins in the collection spanning 4 continents and 7 countries. As ever, I must stress that I don’t consider these investments. Instead, these are pretty collectables which should see value appreciation in the long-term.
Welcome to another insightful edition of the Patient Portfolio Update (previously the Wealth Building & Income Update). If you saw the post on my buys in April, you’ll know that I’ve joined Team Index.
“A low-cost fund is the most sensible equity investment for the great majority of investors. My mentor, Ben Graham, took this position many years ago, and everything I have seen since convinces me of its truth.” (Warren Buffett to John Bogle, from The Little Book of Common Sense Investing)
A little while back, I spoke on buying bullion as a new hobby of mine. Maybe not great in investment terms, but still a wealth orientated collectable that should increase in value in the long run
Sadly, gold and platinum coins are too expensive to be purchased frivolously. But silver has an entry price suitable for my budget. My first purchase was a Brittania. Next was the Canadian maple leaf and the… erm… Dark Vadar…?