World metal shop Turkey gold and silver

Discussion in 'Silver' started by Jordan, Sep 3, 2015.

  1. Jordan

    Jordan New Member

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    I just had a delivery from Turkey from the world metal shop for 100 gram bar of 999 silver.
    It's solid not plated.

    The company is on the LMBA:)

    Now what I need to know is how I could buy it on eBay for 30 . This includes tax at 20 percent and international postage fees.

    Yet I can NOT buy the same amount of silver in the UK for that price.:(

    Is Turkish silver inferior ?:/

    Does any one know if this is reputable .? Or have I just bought a fake brick?

    Being knew to the bullion market it seems to me some products are so premium and others are bargain basement.
     
  2. whinfell

    whinfell Well-Known Member Silver Stacker

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    By my calculations, 100g of silver is currently about 31.

    So either you've managed to buy silver under spot :) , or you've bought something other than silver :(
     
  3. thatguy

    thatguy Active Member

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    put up pics... probably fake
    In precious metals bargain basement and fake go hand in hand
     
  4. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

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    PM stellaconcepts he should be able to tell you. I personally would show lots of caution. ;)
     
  5. whinfell

    whinfell Well-Known Member Silver Stacker

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  6. Jordan

    Jordan New Member

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    Sorry guys, I made a mistake its the 50 gram bar as shown in the link from whinfell.
    It's not 100 gram.

    So what's everyone's thoughts on the seller?
    Are they legitimate as I can't find much about them on the Internet.

    But I can't find anything negative about them.
     
  7. Jordan

    Jordan New Member

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  8. Gatito Bandito

    Gatito Bandito Active Member

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    From what I've seen, Nadir & IGR products are fairly common in Europe & Asia..
     
  9. sterling-nz

    sterling-nz Well-Known Member

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    I always CRINGE when i see silver prices in 's.
    The 15 bit looks great , but do the math to turn the into NZD and OMG.
    It gives me a tiny bit of comfort about NZ and AUS silver prices when compared to UK.
     
  10. Jordan

    Jordan New Member

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    You left me with a complex , could you explain more?

    Why cringe? Money is money
    What's the 15 bit?
     
  11. sterling-nz

    sterling-nz Well-Known Member

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    It is simply the exchange rate.
    We/me feel hard done by that in the USA they can go buy silver close to spot , yet in NZ and AUS the exchange rate causes us to pay MORE.
    In the UK (second hand info from reliable friends) the price of silver is very expensive in AUD/NZD terms and that is not taking VAT into consideration.
    I have friends that only buy gold in the UK due to the ripoff prices of silver caused by VAT .
    They only tend to buy silver privately or at thrift shops (like myself)
     
  12. Jordan

    Jordan New Member

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    I agree with that I've noticed prices here in the UK are much higher, I looked at valcombi silver bar it works out to be 50 if I buy it from the factory, buy it in the United Kingdom the price doubles.


    But back to my original question nadir silver from Turkey, trust worthy?
     
  13. Big A.D.

    Big A.D. Well-Known Member Silver Stacker

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    IGR is the largest refinery in Turkey. Nadir is the second largest. They're both legit companies and have physical shops all over Turkey and their products are sold at foreign exchange booths as well.

    The packaging gets changed fairly regularly and there's a lot of laminated cardboard cards in circulation. There's also some plastic blister cards out there as well. Many of the variants have matching serial numbers on the bars and cards but the packaging isn't particularly brilliant.

    Turkey doesn't export a lot of bullion products because they import a lot of gold to make them for sale within Turkey.

    Unless there is some evidence of tampering or you bought it from a particularly dodgy seller, your bar is most likely fine.

    Don't bother buying the stupid little half gram/0.1g gold bars or the 99.6% variety. The nano bars are for Turks giving gifts to one another and nobody else cares about them and the 99.6% ones are just melted straight from LBMA bars and don't meet the 99.99% standard that some countries have for "investment grade" gold.
     
  14. gabeyk

    gabeyk New Member

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    why not go to guernsey no vat
     

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