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An interesting article about the amount of silver that India imports. Last year they took 30% of total production but they are buying much more this year. https://srsroccoreport.com/india-silver-imports-surge-three-fold-as-prices-rise/

I may be wrong but I think the Chinese government had stopped Joe Pubic (or Zhang Wei Public) from importing gold or silver. :rolleyes:

Now I wish I'd bought more but if it had stayed where it was I'd have wished I bought less - some people are never happy.

No, it was a comment on a YouTube video from a friend of the man (and family) who got out of Venezuela. I've seen a few anecdotal posts here and there but no actual "I escaped Venezuela with PM's" so far.

My original plan in December was to aim for 3,000 oz silver and 60 oz gold over a 5 year time frame. Due to some major personal changes, I'm cranking it back to 1,000 silver and 20 gold but moving up the time frame to have it done much sooner. In some ways, it seems like a lot but in others, it...

I started in May and bought boring Silver Maples and then some Silver Eagles. I'm not really in it for a profit, it's my safety money in a SHTF event. Although if it ever reaches $600 - $1,00 I'll probably change my mind and greed will get the better of me. It's unlikely Aus or NZ will become...

Life got in the way for a while but I'm back to report I'm officially a Silver Stacker :) I made my first purchase in May and more in June, not exactly the bottom of the market but could have been worse.

Thanks, hadn't heard of them. I'll have a look for someone who sends to NZ.

There is no GST on 'fine metals'. "The GST treatment of gold, silver and platinum depends on their purity. Gold, silver and platinum[5] are a “fine metal”, when they are in any form having a fineness of not less than a certain specified percentage (99.5%, 99.9% and 99.0% respectively)."

Thank you both - I've had a look and there is plenty of good advice there.Taking notes LOL I don't plan to rely solely on a government pension, it's a decent amount but there isn't much lee way, you're still stressed over car repairs, larger than normal electricity bills etc. It's important to...

Thanks for the offer but I'd rather keep everything in NZ, just seems easier.

Opps, I appreciate the response, thank you. Every business needs to make a profit, I was just surprised at how much it was. Posting was a knee-jerk reaction. Buying 1kg bars is cheaper so we lose less when selling but apart from selling back to the dealer I'm not sure how successful selling F2F...

I had a chat with MyGold in NZ. Spot price as per their website is $23.48 oz today. To buy a monster box of Silver Maples today $14,334 ($28.66 each) - to sell a box of Silver Maples today $11,226 ($22.45 each) To buy a monster box of Silver Eagles today $14,956 ($29.91 each) - to sell a box...

It's not so much a case of money, we don't have the houses to sell to foreigners. I think there is a loophole where they can build a new house rather than buy an existing house. Although, the houses we do have kiwis can't afford to buy anyway. It's not until supply exceeds depend, mortgage...

It's true, you don't know the future but sometimes it works the other way too and you get something you don't expect.

I can see asset testing coming to NZ. Every government needs to save where they can with the tsunami of retirees on the way. The question is what sort of allowance before we lose the NZ pension? Everyone talks about saving for their retirement but at the end of the day they want to keep all the...

We've shut the door on most foreign ownership now. We don't have enough houses for our own population and the prices kept sky rocketing, in part due to overseas buyers. Apart from rich Americans buying the best blocks of land, the Chinese (Asian) were allowed to buy multiple properties, many of...

Same in NZ, no captial gains tax, although they are starting to look at capital gains on property other than your home - investment properties, holiday homes. I'm not against this especially on investment properties. Like Australia we have 'negative gearing' where investors get quite a tax...

What would be the advantage to having silver in Singapore or Russia? We're a bit protected in NZ because we're 2 main islands in the middle of the Tasman sea and Pacific ocean.

I always check reviews, if I can find them. Several complaints about accounts going on hold (locked out) while they got more security info from the account holder. Didn't fill me with confidence at all. I understand it's all to do with terrorism and drugs but tagging everyone a criminal until...