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greektony

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  1. I assumed (maybe incorrectly) OP wasn't in the business of selling PMs but just self employed in an unrelated industry. Guess I also assumed they held their PMs personally and did not buy them through their own company. Think I may have made too many assumptions lol
  2. Unfortunately as much as we all started off as Silver lovers (hence the forum name!) I don't see how with Brexit it makes sense for anyone based in the UK to stack silver over gold due to the VAT now applicable to our once favourite metal (silver that is!). Look at the spot price of Silver and then the /oz price Silver is sold at (including the for sale forum here), easily a 40%+ markup all in which is just insane compared to gold.
  3. if they are Britannias are they not CGT exempt regardless of your job? Or actually any coin minted by the Royal Mint (Silver, Gold or Platinum)? EDIT: according to the Royal Mint, the above is true https://www.royalmint.com/gold-price/capital-gains-tax-on-investments/
  4. I'm looking to buy some gold (only gold, no silver 😪) from goldsilver.be perhaps in the next day or 2. Does anyone have any experience post Brexit buying just gold from the EU? I have purchased from them several times pre Brexit, but should I expect there to be delays due to having to argue over VAT not being applicable with the courier or any other issues? Gold in the UK (and especially fractional gold) appears to be a little thin on the ground at the moment hence me needing to go back to trusted sources.
  5. can't say silver is that inviting now as we have to pay VAT thanks to brexit. I'd look more at gold IMO
  6. Can't say I particularly like the look of either of these.
  7. I agree. I was fortunate to get into the silver game a couple of years ago and had enough time to amass a reasonable stack before Brexit and the 'silver squeeze' of last year. IMO Gold is far more a better buy for anyone in the UK. In regards to selling, for me I will be hodling for a while yet unless some unforeseen happens. I guess if spot hits $100+ I will start to consider slowly liquidating the stack!
  8. This is what scares me from buying from the continent now. Good luck. I hope you get everything you ordered without additional fees but please update us with any news.
  9. not sure what Ohio tax laws have to do with the situation in the UK. But I have already come to the conclusion not to buy as I've already stated.....
  10. that makes silver even less appealing though lol
  11. I'm basically only on the gold train now as Brexit (thanks leavers) really doesn't make Silver an appealing investment IMO anymore. Helps that the current spot price of silver is considerably over my average buy in price as well.
  12. It is probably an unpopular opinion around here, but I'm of the opinion that the ship has sailed for buying silver in the UK unless perhaps if you buy it vaulted. Second hand prices even on here still seem to include a massive premium over spot that to me makes it not worth the while. If you had started your silver journey before Brexit then it would have been worthwhile to stack silver, you're better off buying gold now as the premiums aren't as insane and there is no VAT
  13. now Brexit has screwed over any prospect of us in the UK getting silver anywhere near spot I would concentrate on buying gold. Might need to change the name of the forum soon to 'The Gold Forum'
  14. If silver does make a 3x move then I might have a tinge of regret, but then I'm assuming gold would be making a similar movement. The money I'm no longer spending on Silver goes towards Gold and cryptos so I still have my toe in the PM game. VAT in the UK is currently 20%. It applied to Silver before Brexit as it is classed by the government as an industrial metal. Pre-Brexit, we could buy from Europe with minimal VAT and no import duties applied. This no longer the case. Gold has no VAT in the UK currently as it is currently not classed as an industrial metal. So if you were to buy any precious metals at the moment in the UK then to me gold is the only viable option. It is also painful to see people paying £28+ an oz when a year ago I was buying from Europe for around £13-£14 an oz. I can't stomach paying that much personally. I am trying to average down not up! Silver is also pretty heavy which you appreciate once you've filled a monster box! I managed to achieve my personal goal of filling one and then some so I'm not itching to buy more unless there is a price crash, or at the least VAT is removed. I'm no expert in any of this. The markets generally do the opposite of whatever I'm doing so might be wise for anyone reading to just keep buying lol
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