Yes to be honest, there's no way I'd buy silver in the UK, with the VAT they have on it. I'd stick with gold. Yes it's more expensive, so I'd have to save longer before making a purchase ... but having to pay 20% more for the same potential gain (given gold and silver generally move up and down together) is ridiculous. (As an aside, why is the UK law like this? Pretty much every other country I can considers both gold and silver (and often platinum and/or palladium) investment metals and thus waives tax...seems odd not to include silver in a country with such a long history of minting silver coinage!)