Goldsilverbe? Still the place to be?

[purehaggis]

Hello I'm coming back into stacking after years etc I used to purchase all my bulk orders from goldsilverbe is this still the cheapest for bulk? Or is there a place that is cheaper than that how for bulk orders? Specifically silver 1oz coins and 1kg silver bars and the lowest premium for 1g gold bars also the 50g slabs that you can take the 1 grams out separately thanks

[harrygill111]

Bringing silver into the UK is subject to VAT post brexit - so I buy gold and silver from UK dealers or second hand.

Hopefully someone can help with bulk orders 

 

 

[Silverlocks]

1 hour ago, purehaggis said:

Hello I'm coming back into stacking after years etc I used to purchase all my bulk orders from goldsilverbe is this still the cheapest for bulk? Or is there a place that is cheaper than that how for bulk orders? Specifically silver 1oz coins and 1kg silver bars and the lowest premium for 1g gold bars also the 50g slabs that you can take the 1 grams out separately thanks

Sadly, this no longer works and VAT-free silver in the UK is a thing of the past.  You will get rogered for VAT at the border if you try to import silver from Europe.  Buying on the UK ungraded forum here is the most cost effective way, and 10oz-1kg bars and lots of coins come up on a regular basis.  

If you want 1g gold bars, check out Tavex.  They have house branded Nadir 1g bars in cards at a very modest premium by 1g standards.  There are also several vendors with 20g or 50g Valcambi combi bars, although it will pay to shop around as the premiums on these vary a bit.

Importing gold is still feasible, and there are some German vendors such as Aurinium.de that have Heimerle + Meulle unity boxes (boxes of loose 1g bars), often at a reasonable premium, and frequently have good prices on fractional gold bars or coins.  However, the shipping costs mean that this route is only going to be cost-effective for orders of a couple of thousand quid or more as there's no saving on VAT to offset the shipping cost.  

[Pete]

We Brits are now totally screwed ( along with everything else these days it seems ) but I believe the EU has tightened up on VAT as well.
Higher margins and VAT seem to be integrated into silver when selling peer to peer and only lost if selling back to dealers.
Often best prices for silver are on this forum and some sellers are offering full tubes rather than single coins.
As a regular member only you will never get the bargains as stuff gets sold instantly, days before regular members see the listing.

[harrygill111]

VAT 

High Premiums 

Record prices

Patchy stock 

Well timed comeback @purehaggis

[sixgun]

If you are in the EU then i would say GS.be is the place to be. All my dealer silver has been from there when i buy from a dealer in the Continent.
The cheapest single coins are the silver Krugerrand at 25,06€ which is £22.28. There are a fair few silver coins at good prices.
As far as bringing them into the UK you would have to get them sent to Northern Ireland and then bring them across yourself in personal luggage. i expect you would have to bring a lot to make it worth it and then if customs stopped you, you would have to justifiy that it wasn't for commercial sale. 
To be honest for the vast majority of people buying off the forum is probably the best way.

[purehaggis]

Thanks guys for all the replies much appreciated! Oh my looks like silver stacking is a problem now then I might just get to 500 ozs of silver then just stack gold lol thanks for all the info

[LawrenceChard]

On 16/02/2023 at 10:30, purehaggis said:

Hello I'm coming back into stacking after years etc I used to purchase all my bulk orders from goldsilverbe is this still the cheapest for bulk? Or is there a place that is cheaper than that how for bulk orders? Specifically silver 1oz coins and 1kg silver bars and the lowest premium for 1g gold bars also the 50g slabs that you can take the 1 grams out separately thanks

On 16/02/2023 at 11:50, harrygill111 said:

Bringing silver into the UK is subject to VAT post brexit - so I buy gold and silver from UK dealers or second hand.

Hopefully someone can help with bulk orders 

On 16/02/2023 at 12:10, Silverlocks said:

Sadly, this no longer works and VAT-free silver in the UK is a thing of the past.  You will get rogered for VAT at the border if you try to import silver from Europe.  Buying on the UK ungraded forum here is the most cost effective way, and 10oz-1kg bars and lots of coins come up on a regular basis.  

If you want 1g gold bars, check out Tavex.  They have house branded Nadir 1g bars in cards at a very modest premium by 1g standards.  There are also several vendors with 20g or 50g Valcambi combi bars, although it will pay to shop around as the premiums on these vary a bit.

Importing gold is still feasible, and there are some German vendors such as Aurinium.de that have Heimerle + Meulle unity boxes (boxes of loose 1g bars), often at a reasonable premium, and frequently have good prices on fractional gold bars or coins.  However, the shipping costs mean that this route is only going to be cost-effective for orders of a couple of thousand quid or more as there's no saving on VAT to offset the shipping cost.  

On 16/02/2023 at 12:39, Pete said:

We Brits are now totally screwed ( along with everything else these days it seems ) but I believe the EU has tightened up on VAT as well.
Higher margins and VAT seem to be integrated into silver when selling peer to peer and only lost if selling back to dealers.
Often best prices for silver are on this forum and some sellers are offering full tubes rather than single coins.
As a regular member only you will never get the bargains as stuff gets sold instantly, days before regular members see the listing.

On 16/02/2023 at 18:40, purehaggis said:

Thanks guys for all the replies much appreciated! Oh my looks like silver stacking is a problem now then I might just get to 500 ozs of silver then just stack gold lol thanks for all the info

All or most of the above helps to reinforce some of the advice on this page:

Advice Guide for UK Bullion Investors

https://www.chards.co.uk/guides/advice-guide-for-uk-bullion-investors/1041

Particularly:

"Investment gold is exempt from VAT in the UK (& also the EU)." 

What more do you need to know?

😎