Has the secondary silver market hit the market saturation point.

[RoughDog]

16 hours ago, Upsidedown said:

It ain't easy for santa ya know..

He has to pay VAT

I heard he's a tax dodger.  Flying off the radar.

[GoldDiggerDave]

I genuinely think silver will have its day. There has to be a point where a bean counter works out it’s cheaper to source refined pure silver from stackers rather than mining, shipping and refining. 

[Spyder]

11 minutes ago, GoldDiggerDave said:

I genuinely think silver will have its day. There has to be a point where a bean counter works out it’s cheaper to source refined pure silver from stackers rather than mining, shipping and refining. 

That is the same with most gold miners on the AIM market, most are there to hoodwink shareholders and are lifestyle companies for directors. Very few ever make real money and it would be cheaper to open a WEBUYGOLD website and refine the gold from that.

[Agaupl]

53 minutes ago, Spyder said:

That is the same with most gold miners on the AIM market, most are there to hoodwink shareholders and are lifestyle companies for directors. Very few ever make real money and it would be cheaper to open a WEBUYGOLD website and refine the gold from that.

Hard to work out who’s who tbh. 

[SidS]

On 18/03/2024 at 21:44, James32 said:

Explains so many boating accidents. I've lost 6 boats this week alone ffs. Would of been 7 but royal mail fooked up the plan.

Sounds like Royal Mail lost it for you... 😁

[SidS]

On 18/03/2024 at 23:10, Upsidedown said:

Right you've asked for it.

Freddo is a better investment than silver

Change my mind

10p!!! They used to be 2p. 😁

[SidS]

On 19/03/2024 at 08:58, treetop1280 said:

Nope , paying vat and tax  should be condoned??? , and breaking every day laws should be commended??? I broke my first law at 8:45 this morning , when I accidentally put red diesel into my car ??? Lucky for me the car still worked ??? 👍

Not bad for a petrol engine... Just saying. 😁

[bluemoon]

Given that silver has yet to reach its previous highs like gold has, there is decent upside potential when it comes to sell. It depends when people bought. Anyone buying at current premiums should be in a better position than when buying at full premiums.

[SidS]

20 hours ago, Upsidedown said:

I'm good pals with the admin ChrisBattery

Didn't he get done for smacking someone about? 😁

[Agaupl]

38 minutes ago, bluemoon said:

Given that silver has yet to reach its previous highs like gold has, there is decent upside potential when it comes to sell. It depends when people bought. Anyone buying at current premiums should be in a better position than when buying at full premiums.

Not if you have to pay 20% vat. Makes it completely un investable imvho. Unless you can sell for spot +20% .. which you can’t. Would need a serious serious boost to get a return. 
unless… as a wise man once said .. it’s got pretty pictures on which people will buy anyway almost independent of spot price. 
I think that may be the way tbh. 

[treetop1280]

8 minutes ago, Agaupl said:

Not if you have to pay 20% vat. Makes it completely un investable imvho. Unless you can sell for spot +20% .. which you can’t. Would need a serious serious boost to get a return. 
unless… as a wise man once said .. it’s got pretty pictures on which people will buy anyway almost independent of spot price. 
I think that may be the way tbh. 

the bigger picture is on ebay , just look what coins go for on auction , the weirder the coin the higher the price , its a world market , and its toys and trinkets for adults , people like pretty things ,  and silver coins with marilyn monroe on , always do better that boring , britannias , maple leafs, etc (yawn ) ,  holy fxxk is that a princess leia for £38  with £4 post ,   quick hurry buy it now ,   ahhh ffs iv missed it , ( if the truth be told )

[GoldDiggerDave]

1 hour ago, SidS said:

21 hours ago, Upsidedown said:

I'm good pals with the admin ChrisBattery

Didn't he get done for smacking someone about? 😁

He got charged! 

[GoldDiggerDave]

11 minutes ago, GoldDiggerDave said:

1 hour ago, SidS said:

22 hours ago, Upsidedown said:

I'm good pals with the admin ChrisBattery

Didn't he get done for smacking someone about? 😁

Expand  

He got charged!

Was so dangerous had to be  put in his own cell! 

[James32]

1 minute ago, GoldDiggerDave said:

Was so dangerous had to be  put in his own cell! 

You're getting some life out of this.

[GoldDiggerDave]

20 minutes ago, James32 said:

You're getting some life out of this.

I’m Evereday! 

[Aldebaran]

4 hours ago, treetop1280 said:

the bigger picture is on ebay , just look what coins go for on auction , the weirder the coin the higher the price , its a world market , and its toys and trinkets for adults , people like pretty things ,  and silver coins with marilyn monroe on , always do better that boring , britannias , maple leafs, etc (yawn ) ,  holy fxxk is that a princess leia for £38  with £4 post ,   quick hurry buy it now ,   ahhh ffs iv missed it , ( if the truth be told )

@treetop1280 I read your posts and have always had a mix of opinions about them - to the point that I considered blocking you😁

But, today you have spoken with common sense - so great stuff keep on posting 🥰

[James32]

2 minutes ago, Aldebaran said:

to the point that I considered blocking you

We've all considered it tbf 😆 

[treetop1280]

11 minutes ago, James32 said:

We've all considered it tbf 😆 

Didn’t know you can block people , ????  ,”I wonder why @Fenlander1 didn’t reply to my messages after I has a few concerns over the 1886 krugerrand 

[Gordy]

On 18/03/2024 at 23:13, margin said:

With the state of the cocoa market, that Freddo will be £1 soon

freddos go milky too..... 🤣

[Petra]

20 minutes ago, Gordy said:

freddos go milky too..... 🤣

That’s great though….. puts people off😮 more for me🤔😮

[Gordy]

1 minute ago, Petra said:

That’s great though….. puts people off😮 more for me🤔😮

thats my contibution to this thread, my heed is battered.......

[Gordy]

1 minute ago, Gordy said:

thats my contibution to this thread, my heed is battered.......

one thing i think was maybe said by someone maybe, i cant remember, possibly...

Someone commented about selling silver for spot or close to spot but compared it to gold selling for the same...

I can tell you why people can sell gold for spot with no worries...

THE PRICE HAS WENT UP OVER £130.00 PER OZ IN JUST THREE MONTHS SO ANYONE WHO BOUGHT IN DECEMBER SELLING AT TODAYS SPOT IS MAKING A PROFIT... THEY ARE NOT SELLING AT WHAT THEY PAID FOR IT

Silver is different.... hugely different

I aint getting involved in the politics of it but I can see why people are bothered about all this cheap shiny stuff on here, it makes it harder for them to liquidate, but stackers who are currently buying love it..... we have probably all done both

[Aldebaran]

6 minutes ago, Gordy said:

thats my contibution to this thread, my heed is battered.......

That makes two of us 🦜🖖

[Petra]

Just get buying silver🤔🤔when you’re done and gone your family will finally make money from your silver😮🤔

[bluemoon]

8 hours ago, Agaupl said:

Not if you have to pay 20% vat. Makes it completely un investable imvho. Unless you can sell for spot +20% .. which you can’t. Would need a serious serious boost to get a return. 
unless… as a wise man once said .. it’s got pretty pictures on which people will buy anyway almost independent of spot price. 
I think that may be the way tbh. 

Perhaps we're speaking at cross purposes. Are you a registered VAT business? Because yeah that sucks. I'm just a nobody stacking silver, so I wouldn't need to collect VAT from someone I flog a tube to. I do feel for the businesses. The government imposing this VAT cause a great deal of trouble through their socialist greed.