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Reputation Activity
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BackyardBullion got a reaction from stefffana in Silver Monitoring Thread £ (GBP) only.
This is a common misconception about silver, many invest in silver to keep their wealth, not grow it.
Remember, you haven't lost anything until you cash out, so if you can afford to hold it, do so until the time is right, one day silver will be worth more than you paid for it, whether that same money would be worth even more than that if it had been invested in something else is anyone's guess.
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BackyardBullion got a reaction from MintageSeller in Silver Monitoring Thread £ (GBP) only.
This is a common misconception about silver, many invest in silver to keep their wealth, not grow it.
Remember, you haven't lost anything until you cash out, so if you can afford to hold it, do so until the time is right, one day silver will be worth more than you paid for it, whether that same money would be worth even more than that if it had been invested in something else is anyone's guess.
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BackyardBullion got a reaction from MuddyOfCoventry in Silver Monitoring Thread £ (GBP) only.
This is a common misconception about silver, many invest in silver to keep their wealth, not grow it.
Remember, you haven't lost anything until you cash out, so if you can afford to hold it, do so until the time is right, one day silver will be worth more than you paid for it, whether that same money would be worth even more than that if it had been invested in something else is anyone's guess.
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BackyardBullion got a reaction from dikefalos in Silver Monitoring Thread £ (GBP) only.
This is a common misconception about silver, many invest in silver to keep their wealth, not grow it.
Remember, you haven't lost anything until you cash out, so if you can afford to hold it, do so until the time is right, one day silver will be worth more than you paid for it, whether that same money would be worth even more than that if it had been invested in something else is anyone's guess.
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BackyardBullion got a reaction from Martin1983 in Silver Monitoring Thread £ (GBP) only.
This is a common misconception about silver, many invest in silver to keep their wealth, not grow it.
Remember, you haven't lost anything until you cash out, so if you can afford to hold it, do so until the time is right, one day silver will be worth more than you paid for it, whether that same money would be worth even more than that if it had been invested in something else is anyone's guess.
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BackyardBullion got a reaction from LMT in Silver Monitoring Thread £ (GBP) only.
This is a common misconception about silver, many invest in silver to keep their wealth, not grow it.
Remember, you haven't lost anything until you cash out, so if you can afford to hold it, do so until the time is right, one day silver will be worth more than you paid for it, whether that same money would be worth even more than that if it had been invested in something else is anyone's guess.
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BackyardBullion got a reaction from silversky in Silver Monitoring Thread £ (GBP) only.
This is a common misconception about silver, many invest in silver to keep their wealth, not grow it.
Remember, you haven't lost anything until you cash out, so if you can afford to hold it, do so until the time is right, one day silver will be worth more than you paid for it, whether that same money would be worth even more than that if it had been invested in something else is anyone's guess.
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BackyardBullion got a reaction from Colnago in Silver Monitoring Thread £ (GBP) only.
This is a common misconception about silver, many invest in silver to keep their wealth, not grow it.
Remember, you haven't lost anything until you cash out, so if you can afford to hold it, do so until the time is right, one day silver will be worth more than you paid for it, whether that same money would be worth even more than that if it had been invested in something else is anyone's guess.
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BackyardBullion got a reaction from Scaffstacker in Silver Monitoring Thread £ (GBP) only.
This is a common misconception about silver, many invest in silver to keep their wealth, not grow it.
Remember, you haven't lost anything until you cash out, so if you can afford to hold it, do so until the time is right, one day silver will be worth more than you paid for it, whether that same money would be worth even more than that if it had been invested in something else is anyone's guess.
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BackyardBullion got a reaction from Drawga in Silver Monitoring Thread £ (GBP) only.
This is a common misconception about silver, many invest in silver to keep their wealth, not grow it.
Remember, you haven't lost anything until you cash out, so if you can afford to hold it, do so until the time is right, one day silver will be worth more than you paid for it, whether that same money would be worth even more than that if it had been invested in something else is anyone's guess.
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BackyardBullion got a reaction from TutoredSoup232 in The future of silver, VAT and import charges into the UK now a Deal has been done!?
My understanding is that any imports that have not been taxed at source will be taxed upon entry into the UK.
This also covers any online sellers that do not use a marketplace to collect the VAT at source and any sellers/platforms that just don't bother.
From reading somewhere on the HMRC blurb about it they say they will pursue persistent offenders that import into the UK as a business under the threshold that don't collect the VAT at source and force them to register for VAT. How HMRC feel they will have any legal jurisdiction to enforce this in every country on the planet is anybody's guess!
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BackyardBullion got a reaction from GoodAsGold in Three graces coin
I totally agree, i have no problems with companies queueing with the rest of us for allocation and then trying to sell for whatever price they want, but if they had their allocation confirmed last week and just sit back and hoard them and ask these prices it begs the question why do the royal mint even bother allocating to these companies.
From a royal mint customer perspective they would be better off not allocating, they know they will get 100% sales either way with the general public.
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BackyardBullion got a reaction from Bars in Una and the Lion gold and silver bars
Mentioned already in another thread. Even with the weird price structures I just cannot see myself buying these bars for £320+ and any savings people might make on them would be eroded away somewhat by the cost of posting from me to the customers.
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BackyardBullion got a reaction from PenguinUK in The future of silver, VAT and import charges into the UK now a Deal has been done!?
My understanding is that any imports that have not been taxed at source will be taxed upon entry into the UK.
This also covers any online sellers that do not use a marketplace to collect the VAT at source and any sellers/platforms that just don't bother.
From reading somewhere on the HMRC blurb about it they say they will pursue persistent offenders that import into the UK as a business under the threshold that don't collect the VAT at source and force them to register for VAT. How HMRC feel they will have any legal jurisdiction to enforce this in every country on the planet is anybody's guess!
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BackyardBullion got a reaction from GoldStandardPartyUK in The future of silver, VAT and import charges into the UK now a Deal has been done!?
My understanding is that any imports that have not been taxed at source will be taxed upon entry into the UK.
This also covers any online sellers that do not use a marketplace to collect the VAT at source and any sellers/platforms that just don't bother.
From reading somewhere on the HMRC blurb about it they say they will pursue persistent offenders that import into the UK as a business under the threshold that don't collect the VAT at source and force them to register for VAT. How HMRC feel they will have any legal jurisdiction to enforce this in every country on the planet is anybody's guess!
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BackyardBullion reacted to silversky in The future of silver, VAT and import charges into the UK now a Deal has been done!?
You misunderstand me. Of course we voted to come out of the EU and of course now that we're out of the EU we must apply UK tax rules to imports from abroad.
But what we did NOT vote for is the NEW tax rules which were introduced on Brexit day which include a change where foreign business must now register with and effectively act as an agent of HMRC, collecting tax on their behalf for any exports to the UK of BELOW £135 in value.
Small sales come from small businesses and it's clearly an incredibly onerous system to place the burden of UK tax collection onto the shoulders of small foreign businesses at point of sale. Only a bureaucrat or someone deliberately trying to reduce small value sales imports could think this is a sensible idea (Hmmm, I wonder who might have insisted on this as part of the Brexit deal?). Why should small businesses have to fill in this type of paperwork for a small sale to the UK when a large sale (above £135) will just be posted and assessed on arrival as per the standard international rules? It's total madness and it affects all small sales from all across the world and has nothing to do with silver specifically.
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BackyardBullion got a reaction from LukeStacker in The future of silver, VAT and import charges into the UK now a Deal has been done!?
My understanding is that any imports that have not been taxed at source will be taxed upon entry into the UK.
This also covers any online sellers that do not use a marketplace to collect the VAT at source and any sellers/platforms that just don't bother.
From reading somewhere on the HMRC blurb about it they say they will pursue persistent offenders that import into the UK as a business under the threshold that don't collect the VAT at source and force them to register for VAT. How HMRC feel they will have any legal jurisdiction to enforce this in every country on the planet is anybody's guess!
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BackyardBullion got a reaction from Sovereign in The 95th Birthday of Her Majesty The Queen
Quite a few of these coins have "limited edition" mintages and then maximum coin mintages much higher.
Setting up for a collectors package with all coins in them?
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BackyardBullion got a reaction from KPW82 in Queen's Beasts 10 oz
Hopefully by March and certainly by September some form of trade deal will be in place and we can resume buying silver abroad compared to the UK.
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BackyardBullion got a reaction from Spanishsilver in The 95th Birthday of Her Majesty The Queen
Quite a few of these coins have "limited edition" mintages and then maximum coin mintages much higher.
Setting up for a collectors package with all coins in them?
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BackyardBullion got a reaction from Nicola in The 95th Birthday of Her Majesty The Queen
Yeah, this did cross my mind. But, I would think the death commemoration coin will be even more sought after and whatever design on whatever coin it happens to be that is released just before her death will also be quite sought after - but nobody really knows which coin that will be and buying one of every type just on the off chance she pops her clogs is not practical!
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BackyardBullion got a reaction from Rll1288 in The 95th Birthday of Her Majesty The Queen
Quite a few of these coins have "limited edition" mintages and then maximum coin mintages much higher.
Setting up for a collectors package with all coins in them?
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BackyardBullion got a reaction from Spanishsilver in The 95th Birthday of Her Majesty The Queen
Yeah, this did cross my mind. But, I would think the death commemoration coin will be even more sought after and whatever design on whatever coin it happens to be that is released just before her death will also be quite sought after - but nobody really knows which coin that will be and buying one of every type just on the off chance she pops her clogs is not practical!
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BackyardBullion got a reaction from Spanishsilver in The 95th Birthday of Her Majesty The Queen
Looks like this will go live today at 9am!
Does not strike me as a 3 graces money maker.
Nice designs, but as with previous iterations of Birthday coins the potential for flipping or even medium long term growth of premium is very slim.
I did a little research on the 90th Birthday version from 2016 and its hard to see any gold examples that are active but the silver proof £5 versions have not sold for more than £65 on ebay.
I personally won't be buying as an investment and this does not ring enough with my intertest in the Queen to buy for posterity so it will be a miss for me.
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BackyardBullion reacted to Rll1288 in The 95th Birthday of Her Majesty The Queen
We must support "Her Maj....!" 😆