Newbie Question

S

SilverNash

New Member
Ok so living in UK I pay 20% VAT on the silver, the premium and the postage.

The dealer I buy from sells bars and silver at the exact same price over spot per T Ounce.

I know with coins there is supposedly a higher premium (if only slight) over bars generally, would this mean coins would deffinately be a better investment that the bars for me?

(I am assuming so based on that logic*)

*which may or may not be wrong
 
i have heard only 7% tax on silver coins in the UK
but then i am just a hippy on an island in the pacific
a land lubber might know better
:cool:
 
Both are good,depends on what you want from your investment. Coins generally attract a bit more of a premium and are easily traded with the premium attached. Bars will attract a smaller premium normally unless they have intrinsic value.
Horses for courses, its an individual thing,your tastes may well change as you get into it.
Coins - bars - whatever, if its 999 and fine, Stack it.
 
I actually have my stack in two categories. My retirement stack is all generic. Then my play stack which is for selling/trading etc, is a mix of all sorts.
You will never have a problem unloading Taku's for quick cash,very nice coin.
Scottsdale is a great product if you purchase generic bullion, lots of product range which most of the time is readily available.
 
iceblue said:
Both are good,depends on what you want from your investment. Coins generally attract a bit more of a premium and are easily traded with the premium attached. Bars will attract a smaller premium normally unless they have intrinsic value.
Horses for courses, its an individual thing,your tastes may well change as you get into it.
Coins - bars - whatever, if its 999 and fine, Stack it.
Click to expand...

If it's got 50%, 80% or 92.5% silver, stack that, too. Unless you think you're too good for predecimal coinage!!!

pfft... purity obsessionists.. think the more 9's you add, the higher the premium.

(jk..all in jest, for those who think I'm a snide little boy).
 
iceblue said:
Bars will attract a smaller premium normally unless they have intrinsic value.
Click to expand...

?? Generic bars/rounds or predecimal 'junk' has a miniscule premium BECAUSE of it's intrinsic value ie. only the silver content attracts any value.
 
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