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Silverlocks

Platinum Premium Member
  • Posts

    7,456
  • Joined

  • Last visited

  • Days Won

    1
  • Trading Feedback

    100%
  • Country

    United Kingdom

Reputation Activity

  1. Like
    Silverlocks got a reaction from Ducat916 in Today I Received.....   
    2017 1/10 Kangaroo
    250 diffuser gel with some strips of 4 stop filter to give the device something to reflect.

  2. Like
    Silverlocks got a reaction from Ducat916 in Today I Received.....   
    Not really enough contrast on the obverse, but here's one in the flesh, as it were.
  3. Like
    Silverlocks got a reaction from Ducat916 in Today I Received.....   
    Some more dollaridoos - Koalas and Kooks
    This time from @arphethean
    2015 Koala

     
    2015 Kookaburra

     
    2019 Koala

  4. Like
    Silverlocks got a reaction from Ducat916 in Today I Received.....   
    2016 1oz Kookaburra
    More dollaridoos from @Vern.

  5. Like
    Silverlocks got a reaction from Ducat916 in Today I Received.....   
    Another day, another dollaridoo . . .

  6. Like
    Silverlocks got a reaction from ZigZag in Today I Received.....   
    Another day, another dollaridoo . . .

  7. Like
    Silverlocks got a reaction from Solly in Today I Received.....   
    Another day, another dollaridoo . . .

  8. Super Like
    Silverlocks reacted to Robda1986 in Today I Received.....   
    Hadn't bothered buying anything recently but fancied a bit of a gamble 10oz random silver bar might just bop it in the safe and forget about it 

  9. Like
    Silverlocks got a reaction from HonestMoneyGoldSilver in Silver to da' m00n!   
    Rule #1 of buying silver in the UK - VAT really ganks the value of investment in silver.  Buying and selling through conventional dealers will get you a spread of 30% or more, which makes it not worth doing this way.
    But . . .
    You can buy and sell on the secondary market at manageable spreads.  If you keep an eye out here and the various other places where folks buy and sell silver, you can buy and sell at a far more sane spread.  The going rate for 1oz coins is somewhere about £23 (give or take - maybe a little more with silver going up), and there are people you can buy from around this price point.  Bars in the 10 oz to 1kg range are also worth buying at the right price. 
    You need to understand your exit strategy, which is just a fancy way of saying 'How do I flog my coins?'  With silver, buying and selling to dealers isn't cost effective, so your exit strategy for silver will have to be based off selling back to the secondary market.  Therefore you have to pay attention to liquidity - i.e. what people will buy, and at what price you can make a quick sale.  As a starting point, think of tubes of 1oz coins, and bars in the 10 oz to 1kg range.  Take a look in the UK ungraded section for sales to get a sense of the going rate for these on the open market.
    Consider also buying gold in the portfolio, unless you really want to bet on silver going to the moon.  The folks in that video are notorious for circulating clickbait about how silver is about to jump in price, and have been running this schtick for years now.  
  10. Super Like
    Silverlocks reacted to DanPie in Today I Received.....   
    10g Geiger bar in the post today from @NextDayBullion  
     
     

  11. Super Like
    Silverlocks reacted to paulmerton in Today I Received.....   
    I know the grade will make some of you cry but I don't mind at bullion prices, particularly for this design!

  12. Super Like
    Silverlocks reacted to Scuzzle in Silver to da' m00n!   
    Best way I think for someone today to buy silver is on here in the sales section from a trusted seller.  Sadly you have missed the boat on VAT free and margin scheme VAT silver so that added 20% is something to contend with straight away.  If you are in the UK you get the capital gains tax benefits from stacking UK bullion but at the rate they keep changing the regulations and reducing the threshold that might not be an advantage for long but I would still recommend stacking the sovereign bullion coin of where you reside.
    You just bide your time and snap up sales of tubes of Britannias and 10oz Britannia bars when they come along at the right price on here and this will get you better deals than from bullion dealers but as others have said if you don't already have a position in gold I would get one as there is no VAT on that and it's a tier one asset that's only going to increase as the world devolves into madness.  Silver will break out one day as it's fundimentals are all excellent but it's such a tiny market and the world is so awash with paper currency and corruption it's hard to predict when that day will come.  The demand for silver for this green futture we are embracing is undeniable so it should see the same short squeeze scenario that platinum and palladium did when they were required for catalytic converters.
    Bitcoin is worth considering also but just be wary of the inevitable rug pull that always comes, we are in a Presidential selection cycle and assets are always pumped in the run up to this and always usually immediately dumped afterwards, can't blame the new guy he's only just taken office, can't blame the old guy the markets were at all time highs when he was in the big seat.  Gold and silver can never go to zero they will always have some kind of worth which is another reason they are a great addition to a financial portfolio.
    Also I would store everything in your own posession if possible, hide it away well, another benefit of holding precious metals is there is no counter party risk, your asset is not someone elses liability.  If you store it or vault it somewhere you add counter party risk, you run the risk of someone stealing it or having it confiscated if the government decides to change the rules one day.
  13. Like
    Silverlocks got a reaction from Scuzzle in Silver to da' m00n!   
    Rule #1 of buying silver in the UK - VAT really ganks the value of investment in silver.  Buying and selling through conventional dealers will get you a spread of 30% or more, which makes it not worth doing this way.
    But . . .
    You can buy and sell on the secondary market at manageable spreads.  If you keep an eye out here and the various other places where folks buy and sell silver, you can buy and sell at a far more sane spread.  The going rate for 1oz coins is somewhere about £23 (give or take - maybe a little more with silver going up), and there are people you can buy from around this price point.  Bars in the 10 oz to 1kg range are also worth buying at the right price. 
    You need to understand your exit strategy, which is just a fancy way of saying 'How do I flog my coins?'  With silver, buying and selling to dealers isn't cost effective, so your exit strategy for silver will have to be based off selling back to the secondary market.  Therefore you have to pay attention to liquidity - i.e. what people will buy, and at what price you can make a quick sale.  As a starting point, think of tubes of 1oz coins, and bars in the 10 oz to 1kg range.  Take a look in the UK ungraded section for sales to get a sense of the going rate for these on the open market.
    Consider also buying gold in the portfolio, unless you really want to bet on silver going to the moon.  The folks in that video are notorious for circulating clickbait about how silver is about to jump in price, and have been running this schtick for years now.  
  14. Super Thanks
    Silverlocks reacted to bluemoon in Silver to da' m00n!   
    A rational-talking silver stacker, that's what I like 👍. Seems almost novel after spending a couple of hours on YouTube.
  15. Like
    Silverlocks got a reaction from bluemoon in Silver to da' m00n!   
    Rule #1 of buying silver in the UK - VAT really ganks the value of investment in silver.  Buying and selling through conventional dealers will get you a spread of 30% or more, which makes it not worth doing this way.
    But . . .
    You can buy and sell on the secondary market at manageable spreads.  If you keep an eye out here and the various other places where folks buy and sell silver, you can buy and sell at a far more sane spread.  The going rate for 1oz coins is somewhere about £23 (give or take - maybe a little more with silver going up), and there are people you can buy from around this price point.  Bars in the 10 oz to 1kg range are also worth buying at the right price. 
    You need to understand your exit strategy, which is just a fancy way of saying 'How do I flog my coins?'  With silver, buying and selling to dealers isn't cost effective, so your exit strategy for silver will have to be based off selling back to the secondary market.  Therefore you have to pay attention to liquidity - i.e. what people will buy, and at what price you can make a quick sale.  As a starting point, think of tubes of 1oz coins, and bars in the 10 oz to 1kg range.  Take a look in the UK ungraded section for sales to get a sense of the going rate for these on the open market.
    Consider also buying gold in the portfolio, unless you really want to bet on silver going to the moon.  The folks in that video are notorious for circulating clickbait about how silver is about to jump in price, and have been running this schtick for years now.  
  16. Like
    Silverlocks got a reaction from Vern in Today I Received.....   
    Some more dollaridoos - Koalas and Kooks
    This time from @arphethean
    2015 Koala

     
    2015 Kookaburra

     
    2019 Koala

  17. Like
    Silverlocks got a reaction from Vern in Today I Received.....   
    2016 1oz Kookaburra
    More dollaridoos from @Vern.

  18. Super Like
    Silverlocks reacted to Pm1987 in Today I Received.....   
    Another day another privy off the list. 

  19. Super Like
    Silverlocks got a reaction from Aldebaran in Today I Received.....   
    If only . . .
  20. Super Like
    Silverlocks got a reaction from Zhorro in Today I Received.....   
    Some more dollaridoos - Koalas and Kooks
    This time from @arphethean
    2015 Koala

     
    2015 Kookaburra

     
    2019 Koala

  21. Super Like
    Silverlocks got a reaction from Zhorro in Today I Received.....   
    2016 1oz Kookaburra
    More dollaridoos from @Vern.

  22. Super Like
    Silverlocks got a reaction from Zhorro in Today I Received.....   
    Another day, another dollaridoo . . .

  23. Super Like
    Silverlocks reacted to Orpster in Typo on sovereign?   
    Its a makers mark, looks to be a middle eastern forgery of a sovereign, look at the rim which is way too thick for the genuine article, the lettering is off too by the looks
     
    These are usually about 21ct
  24. Haha
    Silverlocks got a reaction from 9x883 in Gold Monitoring Thread £ GBP only   
    Sold as bullion to avoid disappointment.
  25. Like
    Silverlocks got a reaction from MickB in Today I Received.....   
    2017 1/10 Kangaroo
    250 diffuser gel with some strips of 4 stop filter to give the device something to reflect.

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