Has the secondary silver market hit the market saturation point.

[AllThingsShiny]

3 minutes ago, Fenlander1 said:

Who is moaning we were having a reasonable debate, my question wasn't is it right or wrong but does it negatively affect a market.

The meaning of Negative is dependent on whether you are buying or selling 🤷‍♂️

It's a buyers market atm. Happy days 

[Spark268]

5 minutes ago, Fenlander1 said:

Who is moaning we were having a reasonable debate

a "reasonable" debate where somehow mass migration from the indian subcontient has been implicated.

Edited March 18 by Spark268

[James32]

You're all fekin mental..I'm ooot

[Fenlander1]

2 minutes ago, AllThingsShiny said:

The meaning of Negative is dependent on whether you are buying or selling 🤷‍♂️

It's a buyers market atm. Happy days 

At some point there is a need to do both if you can't sell at a small profit because of prices being artificially low then silver no longer is an investment. You seem to think it is only the forum that this affects. Watch this from the 7 min mark as far as I am aware this vlogger isn't on the forum

 

[HonestMoneyGoldSilver]

13 minutes ago, Spark268 said:

mate - you accuse me of confusing VAT, migrants and immigrants etc

however

1) this thread (as i understand it) is about the silver secondary market

2) you seem to mix up the definitions between migrants, westerners, indians etc (what on earth has that got to do with this thread?)

3) vat registered business must include 20% vat on silver, however, if you are not vat registered, then, "you cannot apply charge VAT to your invoices even if the product or service is VAT rated. If you do, you will incur a penalty charge from HMRC."

4) the idiocy of the OP of complaining about volumes at low prices when talking about the issues of selling a monster box in one go.

I see you've confused virtue signalling with intellectual debate

3) Doesn't matter if you are a business or a private individual, if you import silver into the UK then you must pay 20% VAT. It's not possible to buy or sell new silver in the UK without paying VAT. The point is there are a number of people, mostly foreigners, who quite obviously don't pay VAT. The difference in margin allows VAT fraudsters to undercut legitimate sellers and still make MORE profit than legit sellers. It's great for buyers but kills legit businesses and reduces the value of your silver in the UK

[AllThingsShiny]

12 minutes ago, HonestMoneyGoldSilver said:

I see you've confused virtue signalling with intellectual debate

3) Doesn't matter if you are a business or a private individual, if you import silver into the UK then you must pay 20% VAT. It's not possible to buy or sell new silver in the UK without paying VAT. The point is there are a number of people, mostly foreigners, who quite obviously don't pay VAT. The difference in margin allows VAT fraudsters to undercut legitimate sellers and still make MORE profit than legit sellers. It's great for buyers but kills legit businesses and reduces the value of your silver in the UK

More VAT cheats the better if you ask me. 

 

Cheaper silver all round 🥳🥳🥳

[HonestMoneyGoldSilver]

Example (sorry to the seller for dragging you into this):

Scottsdale The Vortex 1oz Silver Bar .999 - UK (Ungraded) - The Silver Forum

These are lovely bars and a fair price because this seller is a legit business that pays VAT

I can go onto other marketplaces and buy those bars for about 14% less from a seller who didn't pay VAT. How long does the legit seller stay in business?

And no, I won't give you a link 😂

[James32]

4 minutes ago, HonestMoneyGoldSilver said:

Example (sorry to the seller for dragging you into this):

Scottsdale The Vortex 1oz Silver Bar .999 - UK (Ungraded) - The Silver Forum

These are lovely bars and a fair price because this seller is a legit business that pays VAT

I can go onto other marketplaces and buy those bars for about 14% less from a seller who didn't pay VAT. How long does the legit seller stay in business?

And no, I won't give you a link 😂

What sellers are not paying vat..asking for a friend 😁

[HonestMoneyGoldSilver]

6 minutes ago, James32 said:

What sellers are not paying vat..asking for a friend 😁

I'm quite sure you know more than I do 😂

[Darr3nG]

8 minutes ago, James32 said:

What sellers are not paying vat..asking for a friend 😁

What friend... asking for a bert  

[ZRPMs]

19 minutes ago, AllThingsShiny said:

More VAT cheats the better if you ask me. 

 

Cheaper silver all round 🥳🥳🥳

I remember wishing everyone all the best for the new year just after I joined and asked if anyone had a new years resolution list only to be met with 

"I would add to your list pay your taxes in full.

Its tax avoiders (builders are one of the worst offenders) that has contributed to under funded public services."

I remember feeling I should have lead with a copy of my membership card to the Communist party along with the completed self assessment and receipt of payment. How the forum has changed. A little over a year on and we have an open call to cheat the gov out of their extorted gains.

[James32]

10 minutes ago, HonestMoneyGoldSilver said:

I'm quite sure you know more than I do 😂

Just incase I've missed any bargains though, a full directory would be appreciated ( by my friend  )

[James32]

4 minutes ago, ZRPMs said:

I remember wishing everyone all the best for the new year just after I joined and asked if anyone had a new years resolution list only to be met with 

"I would add to your list pay your taxes in full.

Its tax avoiders (builders are one of the worst offenders) that has contributed to under funded public services."

I remember feeling I should have lead with a copy of my membership card to the Communist party along with the completed self assessment and receipt of payment. How the forum has changed. A little over a year on and we have an open call to cheat the gov out of their extorted gains.

Millionaire's always be making f****n extra lists.

[Jimmock]

29 minutes ago, AllThingsShiny said:

More VAT cheats the better if you ask me. 

 

Cheaper silver all round 🥳🥳🥳

Worst case scenario - and I've know idea if this could happen. 😂 HMRC monitoring forum,realise vat not paid on majority of silver now sold on here. Force management to hand over personal details of members who bought this silver - these members as end buyers now become liable for vat and anything else Hmrc want to stick on top. As I said no idea if any of the above is possible. 🤔🤔

[James32]

1 minute ago, Jimmock said:

Worst case scenario - and I've know idea if this could happen. 😂 HMRC monitoring forum,realise vat not paid on majority of silver now sold on here. Force management to hand over personal details of members who bought this silver - these members as end buyers now become liable for vat and anything else Hmrc want to stick on top. As I said no idea if any of the above is possible. 🤔🤔

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.

[ZRPMs]

2 minutes ago, Jimmock said:

Worst case scenario - and I've know idea if this could happen. 😂 HMRC monitoring forum,realise vat not paid on majority of silver now sold on here. Force management to hand over personal details of members who bought this silver - these members as end buyers now become liable for vat and anything else Hmrc want to stick on top. As I said no idea if any of the above is possible. 🤔🤔

Sorry your Honour. I have paid my VAT. errrrrrm I think it was 

[Fenlander1]

5 minutes ago, Jimmock said:

Worst case scenario - and I've know idea if this could happen. 😂 HMRC monitoring forum,realise vat not paid on majority of silver now sold on here. Force management to hand over personal details of members who bought this silver - these members as end buyers now become liable for vat and anything else Hmrc want to stick on top. As I said no idea if any of the above is possible. 🤔🤔

Unfortunately a lot easier than you may think and payment can be clawed back.

[James32]

3 minutes ago, Fenlander1 said:

Unfortunately a lot easier than you may think and payment can be clawed back.

This is my friend that I was talking about...

[Fenlander1]

I thought you blocked me.

[James32]

Just now, Fenlander1 said:

I thought you blocked me.

Who's this?

[Fenlander1]

Henry Martin Reginald Cooper

 

[James32]

Just now, Fenlander1 said:

Henry Martin Reginald Cooper

 

Bedroom name I presume?

[Fenlander1]

8 minutes ago, Fenlander1 said:

Unfortunately a lot easier than you may think and payment can be clawed back.

Byb did a vlog on this issue last year I believe

[bluemoon]

1 hour ago, Fenlander1 said:

Unfortunately a lot easier than you may think and payment can be clawed back.

They'd be on a wild goose chase. It's more likely they will force the seller to pay.

Edited March 18 by bluemoon

[bluemoon]

7 minutes ago, Fenlander1 said:

Byb did a vlog on this issue last year I believe

Do you have the video link?