Is silver bullion dead in the UK?

[AurumArgenti]

15 minutes ago, sixgun said:

@AurumArgenti  What a bargain - so where were you? Do the right thing - get a membership and get on the inside track.

I only joined a few days ago. I'm still find my feet and learning. Sounds like I'll have to upgrade my membership.

[EddieC]

What impact do you guys think Brexit will have? New to stacking myself.

[SILVERFINGER]

1 minute ago, EddieC said:

What impact do you guys think Brexit will have? New to stacking myself.

When we had the results of the referendum several bullion sellers had to shut while they adjusted their prices as there was quite an increase, the same happened to a lesser extent when Trump became president of the USA.

[EddieC]

1 minute ago, SILVERFINGER said:

When we had the results of the referendum several bullion sellers had to shut while they adjusted their prices as there was quite an increase, the same happened to a lesser extent when Trump became president of the USA.

Think we might get a trade deal with USA? Could that have a positive impact so as potentially having to pay taxes?

[SILVERFINGER]

1 minute ago, EddieC said:

Think we might get a trade deal with USA? Could that have a positive impact so as potentially having to pay taxes?

No idea there mate, my crystal ball is blank on that one, it is a gamble, but a safer way of doing it than say wasting it in a casino/bookies etc or even in something that might possibly be banned in the future.

[FunkyChicken]

Just my personal experience, but I haven't bought any silver in the UK because of the VAT.

[SILVERFINGER]

4 minutes ago, FunkyChicken said:

Just my personal experience, but I haven't bought any silver in the UK because of the VAT.

You pay VAT on most things, do you go without those also 

[FunkyChicken]

Just now, SILVERFINGER said:

You pay VAT on most things, do you go without those also 

I pay VAT on most things indeed, but not (or very little) on the silver coins I have so far ordered in the Netherlands, Germany, and Estonia. So yeah, choice is easily made then, isn't it?  

[AurumArgenti]

1 minute ago, SILVERFINGER said:

You pay VAT on most things, do you go without those also 

I guess it depends on if you view silver as a necessity.🤔😜

[SILVERFINGER]

Just now, AurumArgenti said:

I guess it depends on if you view silver as a necessity.🤔😜

Of course 

[HawkHybrid]

5 minutes ago, SILVERFINGER said:

You pay VAT on most things, do you go without those also 

 

paying vat on consumption goods is normal.

paying vat on savings/investment items is a

problem as they are not end products. being

taxed twice is bad enough, you don't want to be

taxed three times on what you earn.

(savings is a means to something, you want to

actually spend your savings, or at least pass it

on to loved ones)

 

HH