Good Morning boys and girls, from a UK based Stacker of both Gold and Silver. Been lurking for a while on here, and stacking since April. Well, I've got to save lots before I retire in 15-20 years time. It seems I've arrived at a good time for PM investing, as I seem to be buying at some nice low prices. ....can't complain. Been a member of the UK based The Silver Forum for quite a few months, but I thought I'd branch out into the big wide world..............and start to converse with my colonial cousins. Be seeing ya...
Doubt I'd have ever bought silver in the UK because of VAT. Would have gone into sovereign 'stacking'
For a UK perspective, and how we try to get around the dreaded VAT tax we have to endure in the UK, then The Silver Forum is the only place to be.
People in the UK buy from certain companies in Germany where VAT laws are slightly different. It means we can buy silver with about a 20-25% premium on spot. As for sovereigns, we can get them for about 3 or 4% over spot. Most of my gold stack is in Sovereigns.