Has the secondary silver market hit the market saturation point.

[Jimmock]

3 minutes ago, bluemoon said:

Given that I never take delivery to my home address and I can't be the only one, they'd be on a wild goose chase. It's more likely they will force the seller to pay.

Take it you pay by B.T. that would give them enough details,in a worse case scenario. 😁

[ZRPMs]

So, Has the secondary silver market hit the market saturation point? Not sure. For my own perspective I'm at about 8 silver to 1 gold. I must admit I prefer the little gold coins the best and have just slowed down on the accumulation of both. The sovereigns I have been getting lately have been more numismatic and have held a larger premium, so the gold weight hasn't moved much as a result. I've not felt the need to increase the silver collection. I'm happy with my 8 to 1 ratio. I tend to collect at the rate of around 10 to 1 give or take a bit. I do only ever buy on the second hand market under the special margin scheme. I suppose I should pick up some more silver soon  

[cjbcomm]

29 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. 🤔🤔

Buyers could not be made to pay the VAT. Seller needs to charge the VAT. Only VAT registered businesses can charge VAT as they then need to pass this to HMRC minus any input tax.  Consumers would only pay if importing from overseas or if the buyer charges VAT.

HMRC can go after sellers who would then have to claim back unpaid VAT from purchasers. 

Pretty sure HMRC have better things to worry about than a few pounds in non VAT on silver on a forum

 

[Jimmock]

Pretty sure HMRC have better things to worry about than a few pounds in non VAT on silver on a forum

 

That's the trouble,with the amount of TURNOVER,it isn't just a few pounds anymore.

 

[Fenlander1]

13 minutes ago, bluemoon said:

Do you have the video link?

Just had a look back through I can't find it maybe @BackyardBullioncan point you in the right direction.

[James32]

8 minutes ago, Jimmock said:

Pretty sure HMRC have better things to worry about than a few pounds in non VAT on silver on a forum

 

That's the trouble,with the amount of TURNOVER,it isn't just a few pounds anymore.

 

Have you seen the sales page recently...cobwebs galore 😆 

[BackyardBullion]

 

 

[Petra]

29 minutes ago, bluemoon said:

Given that I never take delivery to my home address and I can't be the only one, they'd be on a wild goose chase. It's more likely they will force the seller to pay.

Ha! ha! You obviously have stuff delivered somewhere… if they want you, they’ll have you. HMRC may appear to arse things up no end of times, however, they have major powers when it comes to investigations, arrest etc. and if they think they’re onto something they are not known for hanging around🤔😮

[Upsidedown]

1 hour 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. 🤔🤔

EVERONE PUT THE MONEY IN THE BAG OR I CALL HMRC

[Darr3nG]

3 minutes ago, Upsidedown said:

EVERONE PUT THE MONEY IN THE BAG OR I CALL HMGS

You got Honey Monster's phone number?

[Upsidedown]

Just now, Darr3nG said:

You got Honey Monster's phone number?

On speed dial

0800-hot-stuff

[HonestMoneyGoldSilver]

2 minutes ago, Darr3nG said:

You got Honey Monster's phone number?

Racist. My business number is 0800 1690 1690

[treetop1280]

Well it’s not all doom and gloom ??? At least silver will be worth something as scrap metal ??? 👍 @HonestMoneyGoldSilver and @MrStacker , immediate map to ground orientation  of local scrap yards in the U.K. 👍, ( if you would have bought £25 of pot noodles instead of a silver coin at £25  a year ago , the pot noodles would be worth more ??? 👍, 

[Upsidedown]

Well I read the whole thing, and I'm still no closer to buying an ounce of silver.

 

@treetop1280 got any toys for sale? Don't forget the VAT though ffs

[treetop1280]

2 minutes ago, treetop1280 said:

Well it’s not all doom and gloom ??? At least silver will be worth something as scrap metal ??? 👍 @HonestMoneyGoldSilver and @MrStacker , immediate map to ground orientation  of local scrap yards in the U.K. 👍, ( if you would have bought £25 of pot noodles instead of a silver coin at £25  a year ago , the pot noodles would be worth more ??? 👍, 

The silver forum ??? NOPE ,,, “ the pot noodle forum ??? 👍

[Upsidedown]

1 minute ago, treetop1280 said:

The silver forum ??? NOPE ,,, “ the pot noodle forum ??? 👍

Right you've asked for it.

Freddo is a better investment than silver

Change my mind

[margin]

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

[treetop1280]

4 minutes ago, Upsidedown said:

Well I read the whole thing, and I'm still no closer to buying an ounce of silver.

 

@treetop1280 got any toys for sale? Don't forget the VAT though ffs

Yes bud , Star Wars figures from the 70s , and a once ounce gold coin  would be not be enough for a one to one swop , , will swop for £1600 worth of pot noodles through??? 👍

[Darr3nG]

What about the secondary Freddo market?

[Anteater]

2 minutes ago, Upsidedown said:

Freddo is a better investment than silver

Change my mind

There are significant risks in storing chocolate in the long term. In fact, I have found a failure rate of approximately 100%.

[Fenlander1]

Just now, Anteater said:

There are significant risks in storing chocolate

Milk spots

[Upsidedown]

Just now, Anteater said:

There are significant risks in storing chocolate in the long term. In fact, I have found a failure rate of approximately 100%.

I'm quite partial to eating the occasional lego block, crayon and of course silver britannia

[treetop1280]

1 minute ago, margin said:

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

So everything in the  world has gone up in price in the last year ??? However silver has not ??  “I think that speaks volumes????

[Upsidedown]

I've got a freddo box I'm hoping not to have to split into bars

Any interest?

[HonestMoneyGoldSilver]

9 minutes ago, Upsidedown said:

Freddo is a better investment than silver

Change my mind

You can only boof a Freddo once