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Well, to date I've been trying to avoid VAT by buying coins. More recently, I've become mindful of CGT and so have been looking at Brits. Now there's VAT on silver coins, I'd move to bars if I wasn't getting Brits. No interest in numismatic value. Not me. TBH, I'm looking more critically at...

I'll have a look when it's up. I'm looking for a regular supplier of affordable bullion in the UK - tired of using European dealers and the currency exchanges are a further drag.

Interesting. Thanks for that. I hadn't really understood it; I thought I did and it didn't make sense, but now it does.

Not correct, I think. From http://www.gov.uk/leasehold-property (my bold): "You only own a leasehold property for a fixed period of time. You'll have a legal agreement with the landlord (sometimes known as the 'freeholder') called a 'lease'. This tells you how many years you'll own the...

I agree about the ratio: it can be whatever you want, and the GSR can guide you. Just be aware of VAT on silver. Also, if you get into buying a lot (or believe it's all going to the moon) than you might want to be cogniscent of capital gains tax: you don't pay this on sovereigns, half-sovs, and...

If I was spending 700, I'd buy sovereigns and half-sovereigns. Others may have other views. By all means buy some silver if you want it - it's your money! I have, but I don't think it'll pan out to be as good an investment, unless the fringe (Mike Maloney, and others) are right and silver...

The problem with silver is that you need to pay VAT on it. Places in Europe sell silver with less VAT, but it's still way above spot. I have bought some silver - all before VAT went up last week - but I'm switching to gold now. You can get physical gold, delivered, for a couple of pounds per...

True, but all the fiat moving around it can have fundamentals pushing them down. Gold can, effectively, stand still while the currencies race to the bottom and a debasing competition.

Oh, you meant 10 *days*... I thought you said 'decades'... ;)

I bought a few bits to get the silver at the lower rates. I can't work out what's happening with the tax - sometimes it's 19%, sometimes it's 19% but only on the margin, other times it's 7%. Interestingly, the prices aren't wildly different though, from what I've found.

That dealer lee-uk's posted is considerably cheaper than the others I've used though, including those others above, for silver Brits... I'd give them a try if I wasn't increasingly averse to paying VAT.

I agree. I've now seen I was paying a bit over the odds with them. I have tended to buy in bulk though and both store up orders before sending and be cagey about delivery too - making sure I only buy the amount that doesn't trip over into the next weight / price category for delivery. Also...

You're too cryptic for me there, I'm afraid.

Yes, and so you bought them for less than their usual retail value. But that 'savings' is only realised when you come to sell. So, if you are 'flipping' them, as you mention the profit margin is negligible (it seems, I know nothing of numismatic coins, only bullion). If you are buying to hold...

The reasons for buying something an asset - and indeed, your plans for selling, if ever - are integral in determining how much you should be willing to pay for it. You've confused me a bit with your two statements above so 'I don't know' is then the accurate answer to your original question. In...

There'll be a windfall tax on it when you sell - that'd be much cheaper to implement than an outright confiscation and it can cover offshore holdings just by saying it does. James Rickard guesses a 90% margin tax, which would be a real downer. We'll see.

Sure, I was only joking. Even the US government gives you three strikes before you're out. ;)

I don't go for numismatics; you bought a shade over 2.5 toz of silver for 50. On that basis, not a great deal but somebody else might come and salivate over the beauty of the coins and pay a bucketload more.

Me too, but if they are good CZs and it's all 18kt gold, you still have a nice piece with some inherent objective value, let alone any sentiment.

Heh. I've not had a problem with TSM before, but I confess I don't think I'd give them three chances to mess up my orders before I went elsewhere. Alleen een ezel stoot zijn kop twee keer aan de zelfde steen, nee? JB3