richards

It's pretty. I'll go £111.

On 23/11/2022 at 19:13, James32 said:

Average forum prices right now.

1oz silver coins £24

5oz bar £125

10oz bar £240/£245

Kilo bar £680/£690

So everything under a kilo trades at £24/£25 an oz

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 🤣

Good to know, many thanks.

On 24/09/2022 at 14:01, Bogart said:

Right time for another dopey question. I cannot see for the life of me why there is no VAT on silver if it is kept at some location as opposed to the bottom of my wardrobe. Do members who buy bars pay the VAT or are they happy to be stored in some vault?

Having done a little exercise say buying a 5kg bar for £4000 ex vat will entail laying out £4800 to pop in the wardrobe. Or pay £4000 and £10 a month storage.

To my mind that gives me 7 years storage before it would have been cheaper to store at home.

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.

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.

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.