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Explanation Sought


Pete

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Good to see spot prices moving upwards at long last ( not so good for new stackers ).
Hopefully silver will get to where it ought to be with a GSR closer to 50 than 100 but that of course might never happen.
Just curious to see the top line in red HIGH DEMAND and the cheapest silver bullion prices.
You need to order over 1,000 coins of the cheapest variety to come close to the 1 - off forum prices for say a Panda or Brit.
Who are buying at these prices or is this just a marketing QVC ( half the stock has already gone ) activity to make you think you ought to be buying ?
 

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If places like Westminster Collection are able to make enough money to keep the doors open...  I'm sure there are no shortage of folks buying those coins at that price from Bullion by Post.

I still think that silver hasn't been viable to purchase since the dip back in March. Even on the European Mint right now at the time of posting it costs £22.61 to buy 1, 2020 silver 1oz maple. Add postage on top of that and suddenly the premium Bullion by Post charges (which is inclusive of postage) doesn't look unreasonable in comparison.

As for the VAT - it takes effort and time to find the VAT workarounds and even more so to stumble upon something like the group order which brings the shipping cost down to reasonable levels. I completely get why some people just pay the VAT instead of putting the work in to find ways around it.

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