greektony

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

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

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!

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!