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Video Comments posted by Oddjob
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Interesting video and raises some good points re investing in Platinum.
Subject to one's investment strategy, risk tolerance and view on "if you don't hold it, you don't own it"....buying platinum as part of a "unallocated or allocated" mint or bullion dealer program may offer an alternative and provide a defined price exit point (based on spot price at the time) which may resolve some of the potential liquidity issues.
Buying unallocated from a non UK dealer may help manage the VAT issue but brings up the issue of can you trust the dealer etc especially if they are not located in your country....DYOR but just thought I'd note this as an option. I've used a local well respected bullion dealer in Aust for platinum unallocated purchases. Buy at spot (no VAT / GST) and can sell back to them (on the spot / via email / phone) at spot less AUD15.00 oz. Not a bad deal. Certainly not a large investment for me, but adds some variety to my stake and remains liquid.
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QC ID sticker in box? If yes, I'd make sure that number got some screen time for RM's attention.
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Have been enjoying your YT vids for a few years now. Always informative and most important...straight to the point...no faffing about. 👍
This Is Why Will Gold Confiscation Will NEVER Happen Again!
In General Precious Metals videos
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Interesting discussion topic BYB....If for the sake of the argument a Govt needed large volumes of gold to shore up their financial system (old or new), then the logistics piece you note is key. The cost to either go door to door or set up buy back centres would be massive, take time and PO the public......much easier if you live in a country that is a gold producer for the Govt to nationalise the gold mines...faster and you only PO a smaller group of local and international shareholders......that said if your country is not a large producer of gold, then old mate from the Govt may come after ya gold .....😬