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richards

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  • Country

    United Kingdom

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  • Location
    UK
  • Stacker/Collector
    Stacker

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richards's Achievements

  1. This is why I've been buying pre 47 junk, as it's possible to get it for spot, or near to. (or probably less than for some of you traders) I appreciate there's a processing cost to refine it to .999 .. but if we do get a big rise in prices at some point, that processing cost is fixed more or less to the volume rather than to the price, so should proportionally fall as the prices rise - whereas I suspect premiums of ~30% will not stick around if we hit a genuine shortage, that will put demand more on the physical market to pull it in. At least that's my reasoning. However I appreciate the prices indicates it's clearly not a popular option.. what am I missing? Am I the (very heavy) bagholder here 🤣
  2. richards

    The dreaded VAT

    Good to know, many thanks.
  3. richards

    The dreaded VAT

    It's painful isn't it? buying new bullion just doesn't stack up in larger quantities with an extra 20% whacked on the top. I've been trying to buy pre-47 at as close to spot as possible. I'm not even sure if that's a false economy - can any of the pro's give a guidance price as to the value of 50% scrap @ trade? If you're only in it for appreciation, another option for you may be allocated silver etf's. They claim to back every pound with physical metal, and the fee's are very low. Personally I view PM's as a pretty-looking insurance to financial collapse. Which is why I'm personally not too keen on anything I can't touch, allocated or not.
  4. They've come up really nice. I'm not sure why anyone would be bothered by it really, though I doubt I'd do it to anything with much rarity value.
  5. Just stopping in to say hello. I'm not particularly interesting I'm afraid.. just here in the hope to pickup some low premium silver Richard.
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