just a question I was thinking , what you guys think, on generic silver, rounds, bullion coins, etc if you see a product way above spot would you refuse to buy and I mean refuse we obviously have the vat in our country so the likes of Estonia are open to me but in short if you couldn't find a good deal or not close to spot would you refuse to purchase that silver, I suppose you've gotta buy somewhere , but if all dealers were taking the mick with mark up would you only try e bay free shipping is getting harder to find in the uk and Estonia can be pricey, but do you guys think theres no way im paying that or do you think regardless of what im paying its better than paper money, as a for instance in the uk we get quoted around 13.21 on mass quantity foe less that can be 14.50 (per coin) with spot at 11.56 in Estonia they include the vat and I think the coins are 13.22 for small orders but can be 24 shipping I am wanting to liquidate my gold and move more into silver and I know you may be thinking buy 10 oz and above to bring premiums down and I understand that just wondered how you guys across the sea would tackle the uk situation if you wanted generic bullion in 1 oz generics.............ps in the uk if you buy a shed load of coins in one go they don't drop the price dramaticaly regards
You should be able to trade your gold to a dealer for even value in silver. Since its an even trade there should be no tax
your situation is different then mine but I absolutely avoid silver if it is overpriced. however if the only silver on earth I could afford had a huge premium I would probably buy it. Shop around, if that is not an option get what you can within reason!
You know, have you considered investing in silver, whereby the asset is allocated, stored off shore. ? This may offer some protection, reduce tax and cancel the transport cost temporarily.
Buy your metals here? I have shipped regularly to the UK, and as long as the value is marked "correctly" VAT is not an issue.
is anything way above spot on generic a stupid idea by craig12 would you pay more for something you really want by craig12 rounds does anyone buy them by craig12 if there wasnt such thing as stacking by craig12 is it easy to buy off e bay usa if im in the uk by craig12 its not going to happen , so what now by craig12 [ 1 2 ] coloured coins can anyone put me straight by craig12 [ 1 2 ] silver clad by craig12 silver content old coins by craig12 why do people pay more on e bay than a bullion company by craig12 do you agree with thisse you tube videos by craig12 silly question from a newbie by craig12 [ 1 2 ] lowest premium coins in gold by craig12 sovereign vs opm 1 oz bar question please by craig12 is gold a good buy right now by craig12 Where's the price going when the market opens by Jkenosh what if this happened by craig12 what should i have learned from this by craig12 [ 1 2 ] is vat on silver that important in a global crash by craig12 where do stackers buy their european silver by craig12 whats going on here then by craig12 how many ounces is your end target by craig12 [ 1 2 3 ] silver do goverments store it in vaults by craig12 If I would receive a free silver coin for every question, I'd break even by now.
If you are stacking for investment reasons then probably silver is not the best vehicle in the UK, you don't have any silver mines, you pay for postage and you pay 20% VAT. In the UK I would be paying down my personal debt, credit cards, personal mortgage, loans, overdraft etc. You get more bang for your buck. If you really want to stack precious metals I would go for gold, it is more expensive entry point but you get an extra 20% over silver. But to answer your questions, I wouldn't pay much over spot for generic rounds unless they were likely to hold their value or go up in price. Everyone in the UK is in the same boat as you so you can probably charge higher prices when you go to sell privately, you will not be doing well compared to the rest of the world but you might do quite well in the limited environment of the UK. I would probably buy bars if they worked out to be cheaper and you really wanted silver, at the moment silver for us is a better buy than gold but we aren't being slugged with VAT. Either bars or look for private sales of old predecimal coins with silver content.
thank you for that reply its a very good strategy, looking at bars in the uk dealers they are indeed less premium many thanks I am open to Estonia silver but they don't really get into bars but way cheaper than the uk im always a bit weary of buying from Estonia never done it before stg seems the one
Nice! I chose a Lunar 2014 Year of the Horse 10 kilocoin! Btw, stop seeing spot as a reference to judge secondaries (alike premium) on. Spot / cash price can reflect future expectations / forward prices, which can be plain wrong, just look at recent years. Every difference between both is a freebie for market arbitrators and that freebie comes from anothers pocket. Couple years ago people compared and judged premiums when spot was $40. Their reference was much worser than the premium part. That's something to not ignore.
I see what you mean ,but as a new stacker you know nothing and try to think that % above spot is money you've lost when coming to sell , you see all arguments that this bullion youll only get near to spot when you sell , then theres the argument as to is a 1 oz pamp bar worth 24 when spot is 11.66 its very confusing for a new stacker, I suppose what im saying in a nutshell is simply this if I pay 24 for a rare bar, pamp , whatever in the back of your mind is that if you don't use e bay to sell and you have to liquidate your stock elsewhere then its worth probably 9 to a dealer and spot if your lucky, so using the classic pamp 1 oz bar and they are stunning in the uk a lunar bar purchased on its own can run to 30 with the vat you cant help but think when you push the buy it now button that you have just bought in real terms 11.66 worth of silver and paid 30 if you take it as vat free then you paid 26 for a bar which has 11.66 worth of silver in it
$10 UNDER spot $40, is the same as $10 ABOVE spot $20. That illustrates what I said. Regardless new or old stacker, and regardless knowing alot or nothing.
That's not a strategy, that's charity. "Technically" the same trade as a thief, except that the side that gives for nothing, does so voluntarily. But that's something you don't see in the wedges triangles and inverted kangaroos of your "technical analysis".
