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Scuzzle

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Posts posted by Scuzzle

  1. There are posts on forums claiming some kind of chemical leeching from the poly sleeve causes this and advise cutting them out and fitting them in capsules but opinion seems divided, my nautical series are all in capsules and they are all fine but that was only beacause I got a good deal buying the previous rounds in the series as a job lot and the previous owner had done this.  I also have the Rwandan Lunar series which I was buying from the outset and I have kept them in their original poly sleeves and they are all fine.

  2. 17 hours ago, olddigger said:

    Hi Cazlikes coins. Apologies in advance, complete noob here. I am interested in silver UK. How would you go about buying if you were starting out. I'm looking at 5 to 10 year investment of say 20k and 1 to 3 year for 10k. Is it best to buy bars and store them offshore? or britannias and store them at home? Apparently it's best to buy coins privately on here to avoid tax?  I want to get into metals but there's so much to learn and so many variables my heads in a spin.

    Best way I think for someone today to buy silver is on here in the sales section from a trusted seller.  Sadly you have missed the boat on VAT free and margin scheme VAT silver so that added 20% is something to contend with straight away.  If you are in the UK you get the capital gains tax benefits from stacking UK bullion but at the rate they keep changing the regulations and reducing the threshold that might not be an advantage for long but I would still recommend stacking the sovereign bullion coin of where you reside.

    You just bide your time and snap up sales of tubes of Britannias and 10oz Britannia bars when they come along at the right price on here and this will get you better deals than from bullion dealers but as others have said if you don't already have a position in gold I would get one as there is no VAT on that and it's a tier one asset that's only going to increase as the world devolves into madness.  Silver will break out one day as it's fundimentals are all excellent but it's such a tiny market and the world is so awash with paper currency and corruption it's hard to predict when that day will come.  The demand for silver for this green futture we are embracing is undeniable so it should see the same short squeeze scenario that platinum and palladium did when they were required for catalytic converters.

    Bitcoin is worth considering also but just be wary of the inevitable rug pull that always comes, we are in a Presidential selection cycle and assets are always pumped in the run up to this and always usually immediately dumped afterwards, can't blame the new guy he's only just taken office, can't blame the old guy the markets were at all time highs when he was in the big seat.  Gold and silver can never go to zero they will always have some kind of worth which is another reason they are a great addition to a financial portfolio.

    Also I would store everything in your own posession if possible, hide it away well, another benefit of holding precious metals is there is no counter party risk, your asset is not someone elses liability.  If you store it or vault it somewhere you add counter party risk, you run the risk of someone stealing it or having it confiscated if the government decides to change the rules one day.

  3. 7 minutes ago, Agaupl said:

    That would be a Royal pita 

    Was only half an hour while a customs agent double checked the law, this why I'm currently trying to expand my gold jewellery, if need be next time I'm going to wear my wealth out of the country, Mr T Jnr coming through.

  4. 3 hours ago, Agaupl said:

    Exactly my thought… but I wonder if I were to carry 20 brittanias back, and didn’t declare them as face value is only $4000, whether this thinking would be agreed with. Would depend on the day I’m guessing 

    You might have to take a seat in an office somewhere while a customs agent double checks the letter of the law but eventually you will be allowed on your way, been there done this.

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