bluemoon

1 hour ago, Fenlander1 said:

Unfortunately a lot easier than you may think and payment can be clawed back.

They'd be on a wild goose chase. It's more likely they will force the seller to pay.

I haven't purchased on this forum for a while, when did these cheaper silver prices start coming in? I used to do the Estonia group buys with BYB. About a year ago I saw a controversial sales thread with someone selling the silver cheap, but he was previously banned so got banned again, but partly also because the prices seemed "too cheap" considering VAT.

I've been buying Special VAT Scheme silver from reputable bullion dealers to buy cheaper silver anyway.

26 minutes ago, BritStacker said:

yes, its pretty self explanatory if you read the listing.

It's not clear, but thanks anyway.

Question answered.

I may be misunderstanding the point, but if sellers have found a way around the VAT then TSF's ecosystem won't change the market economy.

You can actually get around 20% VAT from the big bullion dealers too, if buying pre-owned coins under their special VAT scheme. So it's not new.

How many 2014-2019 Britannias do you have left?

Overbought. Too much too soon. There hasn't been a rally or decline this much, this fast for the past year.

I was going to place a big order this weekend, now I should probably wait for a dip.

Couldn't you have waited another week before going up, you shiny and alluring ponce of a metal?

How many Britannias do you have @theman73?

Never mind, just saw you sold out. Let us know if you have any more.

Well I was late to the party. Any more you want to shift?

On 26/01/2024 at 09:22, SidS said:

I will never understand why people buy new silver in the UK. VAT just kills it.

Surely you'd get the 20% back when you sell it on places like this forum or eBay? Margins are almost the same as they are from dealers, even though it's not VAT.

You'd only lose it if VAT on silver is scrapped, which is unlikely.

I though the whole point of gold is that it's worth the same today as in times gone by? So in theory, a Britannia is just as "expensive" as it was 20 years ago. This talk of fractional Sovereigns just makes me think to simply use silver.

I finally have some money to buy gold with - 1 week AFTER it skyrockets. I will wait and buy the dip.

It wouldn't surprise me at all if the speculators get their fingers burned soon. That pump was bitcoin-level.

Shades of Piers Corbyn's cash stunt:

That said, as much as I approve of social media stunts like this, you have to pick your battles. Paying with silver is for something much further down the road once/if we make enough progress. People should address the immediate threats for their social media awareness. This isn't it. Frankly I think we should all be making cash stunt videos and make the movement viral, then maybe we can move onto silver.

4 minutes ago, AaaGee said:

Anyone have any opinions on loft space. Can get baking hot up there in the summer and freezing cold in the winter.

Not good for silver. Gold is better for tolerating those temperatures though.

If you're going the safe route, have the safe hidden too. The first line of defence is for nobody to know you have a safe with valuables at all. Then if they somehow discover it, the safe does it's job as the second line of defence.

So to that end, see where you can bolt it that even a determined adversary would be unlikely to find it. Bolted inside a disused water tank under the garden, for example. Of course, if an adversary has time, they can scour the property with a metal detector and that would find the safe. But hopefully the safe would then do it's own job. Have a think about putting the safe not in your home, but where nobody goes to.

5 hours ago, ant1882 said:

Well that depends, earlier this year I sold some sovereigns to a bullion dealer at an average 14% profit. 

The price available on here at the time was similar, so I went with the quicker, easier option. 

Another time the dealer wasn't offering me a good price on a 1/4 Brit so sold on here instead, it's good to have options.

14% over spot or 14% after price increase? I don't think dealers would buy over spot but Buy/Sells on this forum tend to be over spot whether buying or selling, unless I've missed some clangers.

Why would anyone want to sell to bullion dealers and get short changed by them, when you can sell privately on forums like this for a fair price?

Things like this are why I only buy gold with cash. I haven't bought gold with a bank since 2016, since then it's always been with cash. I'd like to avoid nightmares like the ones shared on this thread.

Timberrrrrrrr!

I got concerned when mainstream media and normies on the street talk about gold, which is what has been happening recently. Price manipulators will enjoy laying bear traps. I bet they're making loads of money from this. Expect more traps along the way, although I still expect gold to keep rising long term.

The 2022 Sovs literally look like a freshly minted 1p coin. If I had my Sovs on me now I'd do a side by side. Anyone?

Well this has been positively sideways hasn't it? Where is the excitement? I need my dopamine hits what with my 6 seconds attention span! (Thanks internet).