VAT

Discussion in 'Silver Coins' started by IGNIS, Jun 3, 2024.

  1. IGNIS

    IGNIS New Member

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    Hello all, please note that I am both new to stacking and the forum, so where possible please be kind to the new guy. Thank you. Recently started stacking silver, my income does not allow me to go straight to gold, and besides I think there are certain advantages to silver that disparige putting everything into just gold. The issue I would like to bring up and would kindly ask advice on is the following. I am located in Europe, the EU, therefore my silver purchase pays VAT. Looking at some day selling the investment this poses a problem. The price I am paying for silver is spot+premium+VAT which in my country is 21%. This means I am loosing somewhere around 25% of what I pay right off the bat. My question, how have other stackers got around this problem (VAT) or, what can be done not to pay such a surcharge and still purchase from reputable, LEGAL sources. Thank you.
     
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  2. SteelHand

    SteelHand Well-Known Member Silver Stacker

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    There is a forum that caters mainly to the UK & European market which may be of help in regard to buying from official dealers and the second hand market in your region.

    https://www.thesilverforum.com/
     
  3. IGNIS

    IGNIS New Member

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    Thank you kindly!!!
     
  4. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    @IGNIS, have you thought about buying silver ETFs? It would of course depend upon your motivation for being attracted to PMs in the first place though, it suits some but not others for various reasons.
     
  5. IGNIS

    IGNIS New Member

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    Honestly I prefer to hold it. Physical silver
     
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  6. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

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    ^^^
    this is the way to go…well done
     

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