paul159

On 25/07/2021 at 12:56, Hunter87 said:

Just curious how come you don’t want to buy gold? 

Hi Hunter87, as a complete novice, I was researching silver, but you're not the first to make this comment. I am effectively looking at gold now too as investment, and maybe some silver for stacking...

On 25/07/2021 at 14:15, LawrenceChard said:

To follow up with a more serious response:

Are you aware "Investment Gold" is exempt from VAT in the UK and EU?

Silver is taxable at standard rate (20% in UK). So you still want to invest in silver?

Any "Sterling" coins (UK £s) are also exempt from CGT.

If you still prefer to buy silver:

One well known Blackpool dealer almost always has the lowest delivered (you can collect) quantity prices in the UK.

You could try doing "grey" imports.

You could buy piecemeal peer-to-peer from TSF members, but don't expect to pay 20% less than new dealer-sourced coins.

All the above assumes you want to have it in physical in your hands, making you a collector / stacker.

If you are serious about the investment element, you can legally avoid the VAT by buying for exempt storage. The same Blackpool dealer offers secure offshore storage (in Zurich), which cost 0.6% plus VAT per annum (compared with Royal Mint storage of at least 1.0% plus VAT).

Now, if I can just remember the name of the world famous Blackpool dealer, established in 1964...

🙂

Thanks very much for your detailed comment! Much appreciated. Just curious as to the meaning of "grey" imports...

On 19/07/2021 at 23:16, Airhead said:

Seems quite good although trawling though as many dealers as you can sometimes show up good deals. The best place to buy Sovereigns is right here on the forum, although you would need to upgrade your membership to see listings as soon as they are posted.

Hi, yes I upgraded to premium membership as you suggested.

4 hours ago, Airhead said:

In that case forget Silver and buy gold. Either 1oz Britannias, low margin, or bullion Sovereigns, very liquid.

Hi Airhead, I think the quantity I'm looking to acquire, would mean I'd have to go through a dealer I suppose, such as Baird or Bullion by Post....say 30 sovereigns brings the premium down to around 5.5%. Is that worth it in your opinion?

15 minutes ago, Paul said:

Gold full sovereigns your best premium/value for money %over spot

Cool. Thanks. I'll look at the thread

2 minutes ago, Bigmarc said:

Small denominations Paul. Please don't go and spend 15 grand on one bar. 

Thanks Bigmarc. Like 1oz Britannias I guess. I haven't looked at gold at all, could you suggest how I might go about it?

1 minute ago, Airhead said:

In that case forget Silver and buy gold. Either 1oz Britannias, low margin, or bullion Sovereigns, very liquid.

Thanks Airhead. I'll look into that

2 minutes ago, Airhead said:

But I would not think about silver at the moment in any shape or form unless as a collector you had a hankering for a particular numismatic dainty.

I was considering silver in the context of the possible hyper-inflation of the dollar...

1 minute ago, Airhead said:

Because you do not take physical possession, it just sits in thier vault.

Oh right I understand. Thanks

1 minute ago, Airhead said:

There is a dealer directory section of the forum. Living in Essex, the cheapest option would be Bairds for Kilo bars, works out at £19.38 an ounce but you have to add vat, unless you opt for storage.

I see. Why wouldn't I need to pay vat if I opt for storage?

Hi,

As a complete novice, I'm looking for advice on purchasing physical silver for storage at home, using savings (about £15000) plus some junk silver for emergency use possibly. I'm not particularly interested in numismatic. If I understand correctly, it's better to obtain 50-90% 0.999 fine silver for the investment. Maybe now is not the time to buy, I know premiums are very high...

If anyone could recommend any trusted dealers it would be appreciated. I live in Essex.