Hi All,
Hope you're all fantastic!
I recently bought my first 9x 1oz silver Britannias and 1g gold bar, love having them and wish to continue, I came into it a bit blind to be fair, I hear about margin schemes etc and well it goes over my head a little, I'm a very visual person.
How come the second-hand silver Britannias are often more or exactly the same as what I can buy on Chards etc, I get that Chards adds a premium (being a business) plus vat (again being a business) but 'John from down the road' is asking exactly the same price (even though vat has been paid, is it an effort to just recoup as much outlay as possible?), can someone please explain to me the ins and outs very simply to me? I tend to look at it very black and white, if I buy let's say a piece of wood from Travis Perkins and pay £10 + vat a total of £12 if I choose that I no longer require it and choose to sell it on, it would be second hand and therefore cheaper say £8 total, I certainly couldn't charge any hidden vat and surcharges, again sorry for my naivety I just want to learn how this all works in a way I will understand 👍
Where would the best place to buy silver/gold be? as I may have this all wrong, if it is a subscription on this forum and buy from the sellers section then fine, I feel a bit out of my depth and probably I am, but love collecting the coins (believe the proper term is stacking), my aim with all this, I hear worrying things with digital currency's, lockdowns, more and more control, but having a tangible asset, appeases me a little and gives me something I can exchange for cash down the line and/or pass to my children, making a little along the way would be nice but not my main aim, I'm sure the premiums and taxes spoken about above will waive any profits.
Thanks for reading folks, have a great evening, be nice 🤣