ChrisF

Buying only my date run coins, Chiwoo, Zi Sin, Panda, Kook etc.  I dont see myself buying silver for my stack again unless I can smuggle it into the UK VAT free.   I started buying gold but the price is too high for me.  Just sticking more cash in my S&S ISA at the moment

Just now, bencoad said:

Thank you for that. No reply to any of my emails to UPS or Goldsilver.be so far.

Good luck, I think you should be fine by the looks of it though.  I'm awaiting an Assault Exercise bike from Rogue.eu that cost me best part of £1000.  Its not shipped yet but preparing to ship.  I just hope they will ship before the 1st or Im looking at £200 VAT charge which will be most unwelcome.  I decided to roll the dice though and if I get charged so be it.  I'll just cry on the inside. 😭

Here is a link to the wider document if anyone wants to take a look.

https://www.accountancyeurope.eu/publications/vat-customs-duty-and-brexit-prepare-now/#:~:text=Answer%3A Any EU-UK supplies,supplies VAT and duty treatment.

43 minutes ago, bencoad said:

I have a small order from Goldsilver.be. 581 quids worth, ordered over the weekend which is now stuck in the UPS depot in Koeln Germany. All the information I can get is  "UPS is holding the cargo at a secure facility, pending instructions and agreement. " Whatever is happening,this cant be good. Will update as and when.

I found this:

Question 7: You can’t always assume that customers will receive their goods by the expected date. What happens if goods are in transit on 1 January 2020?

Answer: Any EU-UK supplies made on or before 31 December will be treated as intra-EU supplies until 31 March 2021. Consequently, they will follow the current intra-EU supplies VAT and duty treatment. However, it is possible that some goods may be stopped at Customs until the supplier is able to demonstrate that the despatch of the goods took place before 1 January 2021.

I paid 16.17 euro per bar in Jan 2019, spot is now about 1.50 euro cheaper than the day I purchased and they are charging 19.62 euro.... 🤢

Pitty, its your choice and it was a handy tool to look at but I'll just check sites manually.  Good luck though. 

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The only proviso I give, is that there is a possibility that in the next 40+ years technology may advance to such a level that we are able to mine other celestial bodies, (moons, asteroids etc), and if we find gold, (and it is believed that gold is actually quite common out there in the universe), the price may stagnate. 

If we struggle with demand and or "run low" on gold and the above is the only option the cost of recovering gold would be tremendous.  Gold prices would go balistic.