FriedrichVonHayek

This has been my strategy for many years as I see no point in paying VAT or dealers premiums.
Just bought some under spot Silver at an auction today, Silver is Silver as far as I'm concerned so I like to buy it as cheap as possible.
However I totally understand why people collect coins as it's a fascinating hobby but buying Silver Bullion it's very difficult to recoup the VAT and premiums.

This has been my strategy for many years as I see no point in paying VAT or dealers premiums.
Just bought some under spot Silver at an auction today, Silver is Silver as far as I'm concerned so I like to buy it as cheap as possible.
However I totally understand why people collect coins as it's a fascinating hobby but buying Silver Bullion it's very difficult to recoup the VAT and premiums.

I won't talk about the premiums + VAT for brand new silver offered by dealers. I will talk only about the second-hand market from this very active TSF platform, where can be found daily very good deals (I would recommend everyone a premium membership to have instantly access on Buy/Sell section. £5.99/month is nothing if you can save hundreds/month).
In reality it is a false problem for stackers this high premium and I'll try to explain why.
At the moment, good quality bullion coins/rounds are selling second-hand on forum @£25-£26/oz, this meaning @32%-37% premium. Wow! Look very high, isn't it? Even for kilo bars at @£720-£750/kilo is @22%-23.5%.
But when the moment to sell will come, we will sell this silver at the similar prices, so this premium will be fully recovered. If the spot price will be higher in the future, can be made even a decent profit.
So, the range of £25-£26/oz for coins and £22-£23.50/oz for bars is absolutely reasonable in my opinion.
Of course, there are plenty more high premium and highly collectible silver products, but these are more for collectors, not for stackers. Also, there are plenty more 0% premium silver products for those who want to have physical silver at low prices (flatware, old circulated coins, etc.). It is only about individuals/personal stacking strategy and everyone can choose what it is more suitable for him.
 

Just a few bits this week
Thanks to
@modofantasma
@FriedrichVonHayek

I can't stand those Eco-loons, they are useful idiots who hate Humanity.
I bet none of them could tell you how much Metal needs to be mined to build this Green Dystopia, oh and by the way the Eco-loons are also opposed to mining.
If any of them think the World is overcrowded they should lead by example and off themselves.

London Mint Office Gold Proof Set featuring a 22 Carat Full Sovereign 7.98g and a 23 Carat Proof Gold Ducat weighing 3.49g.
Comes with box and paperwork, £565 bank transfer or PayPal F&F.

I can't stand those Eco-loons, they are useful idiots who hate Humanity.
I bet none of them could tell you how much Metal needs to be mined to build this Green Dystopia, oh and by the way the Eco-loons are also opposed to mining.
If any of them think the World is overcrowded they should lead by example and off themselves.

London Mint Office Gold Proof Set featuring a 22 Carat Full Sovereign 7.98g and a 23 Carat Proof Gold Ducat weighing 3.49g.
Comes with box and paperwork, £565 bank transfer or PayPal F&F.

London Mint Office Gold Proof Set featuring a 22 Carat Full Sovereign 7.98g and a 23 Carat Proof Gold Ducat weighing 3.49g.
Comes with box and paperwork, £565 bank transfer or PayPal F&F.

22 Carat Ingot 26.2 grams Fully Hallmarked £1225.
It is basically the spot price plus postage.
Bank transfer or PayPal F&F.

Hi All,
Picked up a proof 1 pound and 2 pound, a Barbados 1 dollar and a nice double florin today.
Soo hard to get a pic of the proof coins, they are soo shiny.
Think I'm going to have to do a bit of research in the coin photos section of the forum.
 
Cheers,
Chris.

Look out side it is already happening. Sunak is talking about price controls in the face of over 40 year record food inflation. This is End Times talk. Price controls don't work. The shops will empty out. It will end in tears. We need endless immigration to pump up property prices and support pension payments. As soon as prices make property unobtainium and the property market starts to crack, the not so good ship UK will end up at the bottom of the sea along with my silver stack.

I can't stand those Eco-loons, they are useful idiots who hate Humanity.
I bet none of them could tell you how much Metal needs to be mined to build this Green Dystopia, oh and by the way the Eco-loons are also opposed to mining.
If any of them think the World is overcrowded they should lead by example and off themselves.

Belize 1978 .900 Gold Proof 8.81 grams 200 mintage £435 Freepost.
Bank transfer or PayPal F&F.

It's yours!

Fantastic bullion 50 pesos coin
Scrap atm is just over £1900+
Price for this coin is £1995 posted special delivery Now reduced to £1957 posted 
Cheaper than the dealers from what I have seen so far. 
Bank transfer, no refunds 

Sold pending payment.

John Pinches Sterling Silver Ingots 1052 grams £630  Freepost.
These are the last 17 of my John Pinches Sterling Silver Ingots all fully Hallmarked and very chunky in hand.
This is a very economical way to Stack Silver.
Bank Transfer or PayPal F&F
I'm selling for around the Spot price so no offers will be considered.
 

 

John Pinches Sterling Silver Ingots 1052 grams £630  Freepost.
These are the last 17 of my John Pinches Sterling Silver Ingots all fully Hallmarked and very chunky in hand.
This is a very economical way to Stack Silver.
Bank Transfer or PayPal F&F
I'm selling for around the Spot price so no offers will be considered.
 

 

You sound a similar age to me, my little life story may help or guide.
........... I've posted my little how I got into gold story in prior years, but it seems relevant to this thread today. Here's it again 
 

     
 

    I'm 45 now and through my twenties, i guess I must have staked and wasted around £75k-£100k at a rough guess through bookies, FOBTs, online poker and land based casinos.
    
    
    
    Some good days but it all quickly went back as losings in the end.
    
    
    
    I went cold turkey at 30-31 and managed a few months until i relapsed again.
    
    
    
    Told myself never again.
    
    
    
    It was this time I found about gold, since 2008-2009 I have bought investment gold every month, a gold sovereign here, a half sovereign there, 1/2 oz on a good month, a full oz of fine gold when bonus from work.
    
    
    
    What this did was separate actual cash i could gamble and move it into another tangible thing with value that i couldn't easily spunk away or spend.
    
    
    
    Slowly but surely, my gold stack has grown, every month, as i would buy a another gold coin every fortnight or so.
    
    
    
    The ancient Aztecs called Gold 'the sweat of the sun'
    
    
    
    Blood, sweat, tears and toil getting it out of the ground.
    
    
    
    YOUR blood sweat and tears represents how hard you have worked to get this coin you now hold, and continue to hold ongoing.
    
    
    
    Your pile of gold increases monthly.
    
    
    
    Gold is also a little bit of a gamble, it will never go to zero, it has been money for 5,000+ years, and can also go up in value
    
    
    
    Currently im now VERY nicely up in £ terms if i chose to cash in and take some profits.
    
    
    
    A quote stuck with me quite prophetically, as i've never believed in loans or credit cards.
    
    
    
    “Gold is the money of kings, silver is the money of gentlemen, barter is the money of peasants – but debt is the money of slaves.” ― Norm Franz, Money & Wealth in the New Millennium: A Prophetic Guide to the New World Economic Order
    
    
    
    The bigger my gold stack grows the more satisfied I become and want more. A positive kind of addiction.
    
    
    
    I have not yet cashed in one single coin for gambling and my investment pile has grew.
    
    
    
    I have cashed gold in here on the forum and realized better than dealer prices to increase my business and expand/buy new vans/staff/tech
    
    
    
    This degree of separation that takes place between the gold coin and actual cash i can spunk gambling is awesome.
    
    
    
    Yet i know at a glance my total gold grams i have on any given day, and know how much it is worth should i cash in.
    
    
    
    When money is in a bank AC it is just like figures on a screen to me, cash in my hand just gambling token/betting voucher credits.
    
    
    
    I could never hold onto money while it was in a bank account, savings account would be were there for good intention but the money came out for gambling.
    
    
    
    Gold doesn't do that for me, the degree of separation between between the time and effort it takes to cash in a gold coin, packing posting, sending, waiting for bank transfer for payment etc. is a few days minimum.
    
    
    
    By which times my urge to gamble has long since past.
    
    
    
    whilst i will always have that gamble bug inside me, i cant extinguish that flame as i like to to take risks, i'm self employed and risk = reward. and i have done well working over the years.
    
    
    
    I still have my monthly little gamble, but as my priority with my spare cash is always to buy a minimum amount of gold, i'm never exposed to loose mega money EVER, fact these days, as the money isn't there because it has been converted from one asset class cash into another asset gold.
    
    
    
    The small amount i assign myself to have a gamble is minimal, £100 or £200 for a month. should i win, i actually treat myself to some more gold coins for my stack.
    
    
    
    With doing this approach and putting what used to be gambling stake money cash into gold, i've got my good nest egg of gold if i cashed it in from my safe deposit box.
    
    
    
    I purposely store the gold in a safety deposit centre in a city that is hours drive/train ride away to resist the sudden urge to gamble/cash in.
    
    
    
    A financial advisor would tell you it is stupid and daft to put all your eggs in one basket with one asset/investments, but to a gambler?
    
    
    
    would i sooner have this,  lots of gold is much better than having nothing at all, **** all to show for it - so it works for me
    
    
    
    Knowing this fall back of savings is there for any of lifes eventualities makes me sleep wonderfully at night.
    
    
    
    This approach may not be for everyone but if you can never hold onto money it has worked wonders for me.
    
    
    
    Sorry for the rambles length here today but to those nodding their head to this and this life course maybe sounds a familiar path to yours, if my narrative resonates with you, give gold a try. please try it, you might just like it, or start just buying gold with your big wins.
    
   https://www.thesilverforum.com/topic/32375-your-gold-story-how-it-happened/?do=findComment&comment=416089
 

     
 

     
 

     
 
https://www.thesilverforum.com/topic/60379-anyone-else-addicted-to-buying-gold/?do=findComment&comment=638451
 
I'm about 15 years into my stacking journey, ahead of you though 

John Pinches Sterling Silver Ingots 1052 grams £630  Freepost.
These are the last 17 of my John Pinches Sterling Silver Ingots all fully Hallmarked and very chunky in hand.
This is a very economical way to Stack Silver.
Bank Transfer or PayPal F&F
I'm selling for around the Spot price so no offers will be considered.
 

 

100 Balboas £380 Freepost 8.16 grams of .900 Gold.
Bank Transfer or PayPal F&F.

Reopened for Bank Holiday.

9x 1oz .999 Silver2023 Sierra Leone Isis £250 freepost from the Pobjoy Mint.
The coins are supplied with a pouch from the Pobjoy Mint.
Bank transfer or PayPal F&F.

Bank transfer or PayPal F&F.
 

I can't stand those Eco-loons, they are useful idiots who hate Humanity.
I bet none of them could tell you how much Metal needs to be mined to build this Green Dystopia, oh and by the way the Eco-loons are also opposed to mining.
If any of them think the World is overcrowded they should lead by example and off themselves.