Royal Mint Bullion - No Signature Ag or Pt to buy at mo....

[Uksilverstackers]

Just saw this on Royal Mint Bullion website.

Hmmmmm.......

 

[SILVERFINGER]

Whats signature silver when its at home ?

[JunkBond]

Paper silver trading account.

[SILVERFINGER]

Just now, JunkBond said:

Paper silver trading account.

Ahh bugger that, don't hold it, don't own it in my opinion.

[JunkBond]

Or maybe vaulted but either way not physical.

[tallyhojim]

There's only one part of that webpage we need to concern ourselves with - "Due to high demand, Signature Silver and Platinum are currently unavailable".

That means there's still plenty of dafties buying paper PM's which means we physical PM stackers are in a potential win/win position.

[Derv]

7 minutes ago, tallyhojim said:

There's only one part of that webpage we need to concern ourselves with - "Due to high demand, Signature Silver and Platinum are currently unavailable".

That means there's still plenty of dafties buying paper PM's which means we physical PM stackers are in a potential win/win position.

Love it !

[KitboyE17]

How can they run out of paper? 🤣🤣🤣

[SILVERFINGER]

PMSL some really good comments on here tonight 

[MickB]

5 minutes ago, KitboyE17 said:

How can they run out of paper? 🤣🤣🤣

Everyone at the mint taking a dump in a gold toilet someone sold to them

[Uksilverstackers]

Not sure its paper. Similar to Goldmoney or Bullionvault possibly...

Whatever it is, they aint got any 😜

 

[Uksilverstackers]

Probably nothing, but also....

After having them all year, Sharps Pixley have no 1Kg Silver Bars listed for sale on their website for the second week!

[SILVERFINGER]

1 hour ago, Uksilverstackers said:

Probably nothing, but also....

After having them all year, Sharps Pixley have no 1Kg Silver Bars listed for sale on their website for the second week!

Perhaps they have a load made in a batch for when they need them.

[Uksilverstackers]

Yeah could be,  but, Sharps Pixley is owned by Degussa.

————————————————

From Sharps Pixley website....

Today the business is wholly-owned by one of the wealthiest families in Germany and sits within the DEGUSSA group of businesses, said to be one of the largest sellers of retail physical gold in Europe.

From Degussa’s website....

As the largest retailer in physical precious metal investment products in Europe, Degussa ofers a fully comprehensive service from both our domestic as well as our inter­national branch network.
————————————————

Reasonable to assume they are a big enough enterprise that they wouldn’t have issues with restocking but who knows.

 

[SILVERFINGER]

Their cast bars I really like and look like they were made by the same company that makes Martin silvertraders Albion bars ?

[Uksilverstackers]

20 minutes ago, SILVERFINGER said:

Their cast bars I really like and look like they were made by the same company that makes Martin silvertraders Albion bars ?

Not sure who make the Albions, but the Sharps ones are:

Offering you the world-known 500g Sharps Pixley Silver Bullion Bar. Produced by LBMA accredited Swiss refineries Argor-Heraeus & Valcambi,

Both good looking bars. Need to get my self one methinks.

 

[SILVERFINGER]

The Albions are made in the UK, so not the same refiner then, I do like them though.

[5huggy]

53 minutes ago, Uksilverstackers said:

Not sure who make the Albions,

Silvertrader!

[5huggy]

---

Added 0 minutes later...

https://www.silvertrader.uk/product-category/silver-bullion-bars/albion-silver-bullion-bars/

[5huggy]

This what I was looking for for you guys!

https://www.silvertrader.uk/the-new-albion-hallmarked-silver-bullion-bars/

[Robjw]

Spoke to the RMB team today, silver and plat are down for the long term as they are having issues with having to pay VAT even on their signature range it seems.

 

Wonder if the tax man has phoned them up

[Uksilverstackers]

Yeah Robjw,  VAT is now payable on future purchases of Signature  Silver and Platinum. The Signature service is back up, but with VAT payable.

Strange, as I think there is no physical delivery of this product, as its a trading account and you can only trade between the account holder and RMB similar to Bullionvault or Goldmoney (cant remember if BV/GM still offer physical delivery, upon which, then the VAT is payable)

It’s simple and quick to purchase or trade precious metals online, with 24/7 access to your precious metal holdings and any balance of funds in your Signature™ account. You can keep an eye on your investment and decide whether to sell it, or add a little more.

So with RMB Signature, you now buy and pay VAT and sell back less the 20% VAT..... hmmm, dont think so.

So will HMRC implementing this strategy on other UK institutions that offer purchases, free of VAT with storage (ie VAT free until delivery)? I guess most will now offer offshore storage.

 

If you dont hold it, you dont.....