Buying Silver in the UK

[sovereignsteve]

2 hours ago, scubajunky said:

I have also been made aware via youtube of people buying silver in the UK from Germany and avoiding 20% tax in the process.

Is this possible ? 

Any tips and advice, much appreciated.

Thanks in advance

you don't work for the UK Border Force do you?

[sixgun]

All UK coinage (gold and silver) is CGT free -

All the VAT is paid from goldsilver.be and German dealers - it is just the coins are sold to you as second hand and a 'loop hole' is being exploited.

[HawkHybrid]

1 hour ago, scubajunky said:

That's great, thanks for the info.

So the price of Silver now is £11.75

The Cheapest coin is 15 EU and the most expensive is 26EU for a 1 oz coin.

Now I'm confused ? what to buy?

What coin is a safe bet ?

How much would one have to buy to make the postage fee worthwhile ? 

 

 

there's no such thing as a safe bet. gold sovereigns are

some of the safest coins when compared to other physical

precious metal options. which one you choose will depend

on your reasons for buying and strategy. chances are

market prices are unlikely to go your way when buying and

selling(all those people who bought post 2011 thinking that

silver would go to the moon are still waiting, that's if they

haven't already sold on a lower spot price than when they

bought). cgt free coins helps if you have to wait longer

then anticipated as it negates any cgt on what will be the

principle value in your coin that rises with inflation each

year.

 

HH

[kimchi]

11 hours ago, Thelonerangershorse said:

You're not supposed to mention the addictive bit till they've had the first hit.

No one's mentioned a certain annual gold coin from the Royal Mint with a fascinating history spanning centuries so I think all is fairly safe for now

[PansPurse]

1 minute ago, kimchi said:

No one's mentioned a certain annual gold coin from the Royal Mint with a fascinating history spanning centuries so I think all is fairly safe for now

Paddington?

[kimchi]

3 minutes ago, PansPurse said:

Paddington?

Naughty!

[scubajunky]

Thanks for every ones input, I appreciate it. 

I am buying because I believe both gold and silver will rise and do well out of the financial crisis which is upon us.

I have no property and all my savings are liquid, in the bank, if this whole financial market goes under I don't want all my money in sterling.

I also believe as do many others that when the markets go pop and the dollar collapses we will revert back to the gold standard and the price of silver will also rise, considerably.

[sovereignsteve]

6 hours ago, PansPurse said:

Paddington?

Peter Rabbit?

[Silverclown]

Watch  for eBay when they give you 10 pounds off your order and you can get a coin for under spot price on Britannia’s.

[scubajunky]

I don't think I would buy anything off ebay, too many scams.

[StackerNoob]

On 29/07/2018 at 21:38, scubajunky said:

I don't think I would buy anything off ebay, too many scams.

Oi! I sell on ebay and am mostly reputable...mostly

[PansPurse]

8 hours ago, StackerNoob said:

Oi! I sell on ebay and am mostly reputable...mostly

I also but on eBay. Yes there's scams and you need to do your due diligence, but I've only received a couple of fakes and resolution was pretty straightforward