I’m brand new to this and need help if anyone is willing I’d be very grateful

Hi I’m looking to buy 1kg bar and the best total price I can fing is £480
But am I right in thinking that at the moment silver is approximately 40p per gram thus making this £480 bar
Only worth around £400 ??? as I said I’m completely new to this so if I’ve got this all wrong please ignore my ignorance.
my thanks choca

 

"When investing in bullion it is important to consider the VAT implications of your purchase. Currently, investment gold is exempt from VAT , this includes all gold bullion bars and coins purchases in the UK and EU. Conversely, silver bullion is subject to VAT, presently at 20% in the UK.

Frequently, due to the VAT free status of investment gold, some investors believe that other precious metals are also exempt. Unfortunately this is not the case."

https://www.gold.co.uk/info/vat/

 

Many thanks no vat must make sense thanks

 

in the UK, AFAIK you can get gold soverigns tax-free, highly liquid internationally and low premium
get your silver through EU dealers
glgl

 

Many thanks

 

You can also buy and sell here
https://thesilverforum.com/

 

Buy shares and if you want exposure to silver shares in silver miners