greektony

did you get an offer for the full £795? I have also have some complete 2oz QB sets in airtites that I may consider selling depending on what the going rate is these days.

I didn't pick a great 12 months to not be too active in my Silver stacking/research 

Thanks @Heirlooms. I figured as much, just wanted to double check my google fu hadn't evaporated.

Not been on here for a while and seem to have missed the launch of another sweet looking Beast set from the RM. I would be looking to compliment my QB 1/4oz collection with this new one, but my question is which is the 1st release for the 1/4oz? Is it the Lion of England? I am struggling to find much in the way of release info specifically for the 1/4oz iterations.

To add, I'm only interested in the bullion version, not proof.

@Shuaib121 don't want to bum you out but you are a good few years late to the silver stacking party from a UK perspective. Prior to leaving the EU we lived in sun lit uplands, free to buy VAT free silver from the rest of the EU. That door being closed is one of the 'benefits' of us leaving the EU and means that stacking silver is no longer really financially sensible (IMO). 

You are best off focusing your efforts on buying gold as you can buy it much closer to gold's spot price here in the UK than you will ever be able to do with silver. You can also buy gold from the EU without any import tax due (unlike with silver).

The example of buying silver privately on the forum at as low as around £24 is (at today's silver spot price) a mark up of around 45%!!!!!! Don't bother buddy, go with gold.

(This is not financial advise, just an opinion of a miserable Remainer)

What's happened to the silver tier pay level? I was a silver member prior which I let lapse and now despite still being advertised the cheapest tier I can buy is gold.

What's going on!

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

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.

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/

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.

can't say silver is that inviting now as we have to pay VAT thanks to brexit. I'd look more at gold IMO

Can't say I particularly like the look of either of these.

18 hours ago, watchesandwhisky said:

Living in the UK i just cant justify silver, the premiums are eye watering and unless you are willing to spend time hunting down and storing old sterling flatware I just cant see the value in it. 

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!

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.

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.....

40 minutes ago, ady said:

Stop looking at the spot price, my price is what I can get a physical ounce for. That's more the true market value.

that makes silver even less appealing though lol

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.

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

5 minutes ago, OldCoin said:

That's sad to hear and I'd be just as disappointed. 20% is unbelievable, what the hell are they thinking. If I had my way and I was the king I'd make it mandatory that people had a PM retirement plan and I would give them a bit to get started as beneficiaries of the GDP, of the lands wealth, as an incentive to work harder.

So this nonsense even favors paper silver racket too because I bet that's not taxed.

lastly I wonder if you will regret not just paying the 20% when Silver is doing a 3x move, but who knows when.

So is gold not taxed? And was the 20% VAT on Silver only initiated at Brexit?

 

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

unfortunately Brexit has meant that buying silver is pretty pointless with taxes and the premiums currently charged. I don't see the point in starting a silver stack if you are UK based. You are better off sticking to Gold. I feel sad for anyone who has only just started or those who didn't reach whatever silver oz target they wanted as I don't see how it is now a viable investment. Its a shame that covid resulted in massive silver premiums last year so us UK stackers couldn't fill our boots before Brexit screwed us over

Imagine how much better brexit might have been if only we had a bunch of clowns in government instead of these numpties..... 

I just ordered one but I'm now thinking it will be lonely as my only 1/10oz coin so I should really order a couple more!

On 01/10/2018 at 09:27, Oystonout said:

Haven’t bought anything for a while but fancied this

 

Where did you purchase this beauty from?