The dreaded VAT

[CANV]

if they cut the vat tomorrow the price of silver in dollar terms wouldn't budge. the price of silver on here would drop by 10 to 20 per cent depending on what Baird n chards et al started selling it at. 

[Bogart]

I find strange you say if the VAT was removed the price of silver on here would drop by 10% to 20%. Well a drop of 16.66% would bring it to the non VAT value so I cannot see where you get 10% from. Sorry might be missing something here.

[Bigmarc]

1 hour ago, Bogart said:

I find strange you say if the VAT was removed the price of silver on here would drop by 10% to 20%. Well a drop of 16.66% would bring it to the non VAT value so I cannot see where you get 10% from. Sorry might be missing something here.

Most things on here are priced just under what the dealers are selling it for. So if vat was dropped I can imagine the premium will rise slightly.

[Bigmarc]

12 hours ago, richards said:

It's painful isn't it? buying new bullion just doesn't stack up in larger quantities with an extra 20% whacked on the top.

I've been trying to buy pre-47 at as close to spot as possible. I'm not even sure if that's a false economy - can any of the pro's give a guidance price as to the value of 50% scrap @ trade? 

If you're only in it for appreciation, another option for you may be allocated silver etf's. They claim to back every pound with physical metal, and the fee's are very low.

Personally I view PM's as a pretty-looking insurance to financial collapse. Which is why I'm personally not too keen on anything I can't touch, allocated or not.

All of my collection has some sort of alloy in it, I sold my last bit of 999 last year, just not for me. Pre 1920s, 1947, Britannia Brits and sovs. Just write down what percentage over spot you are paying and average it out, that way you know what to sell at. To be honest the financial crash thing looks different to many eyes so it's good to have view of when to sell. Especially silver imo. 

[Bogart]

Proverbial crystal ball😀