Hi everyone, is it worth buying gold / silver bars to arrive by post ? I live in UK and I've notice here are more people knowing the subject that all over google. I've studied silver gold market for the past couple of months and now feel is the time to make a move and purchase something. What is your advice for a complete novice?
Start off at a Coin shop or bullion dealer locally at least to get your first type to ensure you dont get ripped and understand the look and feel well, also you dont pay for shipping or risk items being lost by post. UK has VAT for Bullion i believe which sucks but maybe not for coins (check tax laws!). Id stay clear of ebay etc for a long time if new only trusted online sources from there such as the Royal Mint. Overseas you will likely get charged more and shipping will have to include insurance which will be cost prohibitive for smaller purchases. All the best with the hobby / investment.
Join local Coin club, numis society, The Silver Forum they are base in UK. They may have better advices for UK laws. As Silver Stackers majority members are base in Australia and New Zealand. Anyway all are Welcome to SilverStackers.
Gold sovereigns are VAT and Capital Gains Tax exempt but about £450 each and going smaller means you spend more on the percentage premiums.
