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

Discussion in 'Silver' started by Choca, Dec 14, 2019.

  1. Choca

    Choca New Member

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    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
     
  2. SteelHand

    SteelHand Active Member Silver Stacker

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    "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/
     
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  3. Choca

    Choca New Member

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    Many thanks no vat must make sense thanks
     
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  4. SuprmeLeadr

    SuprmeLeadr Member

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

    Choca New Member

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    Many thanks
     
  6. Bosse68

    Bosse68 Active Member Silver Stacker

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  7. Court Jester

    Court Jester Well-Known Member Silver Stacker

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

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