Im moving back to the UK in September and I have 5kg and 10 oz of Silver. Most people know that taking back silver to the UK will incur a fee VAT, import tax whatever. just wanted to know people point of view.... Do I keep the silver pay the tax? Do I sell it now and swap it for gold?( Bought it at $30 AUD) Or do I keep it and swap it before I leave in september? Thanks
With the current volatility in PMs if you sell silver you need to buy gold and not sit on fiat. If it was my situation I would definitely bring gold and not silver but as a UK taxpayer we definitely want your 20% of silver flesh so bring your silver - every little helps support our generous state benefit system.
http://forums.silverstackers.com/topic-35432-precious-metals-swaps.html Steve may be able to help with that
