Has the secondary silver market hit the market saturation point.

[Darr3nG]

2 minutes ago, Upsidedown said:

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

Any interest?

All taxes fully paid?

[Upsidedown]

1 minute ago, HonestMoneyGoldSilver said:

You can only boof a Freddo up your [CONTENT REMOVED] once

Reported

1 minute ago, Darr3nG said:

All taxes fully paid?

Of course not!

[Jimmock]

Enough nonsense for me tonight,need to get some sleep - I'm on earlies at the tax office this week. See you all SOON. 🥸🥸

[NGMD]

A decent thread and having to agree with @HonestMoneyGoldSilver makes my skin itch.

Let’s just say theoretically there is a seller on Instagram(🤷🏼‍♂️)or elsewhere selling silver and not paying VAT. If HMRC believes he’s lost a few quid, he won’t just come after the seller, he’ll tear into everything with the buyer. You are not innocent until proven guilty, he will tell you what you have to pay (his guess) and you have to prove him wrong(receipts, invoices, bank statements etc) he then might feel he needs to look at what else you’ve bought and sold like Lego or Sports Shoes, Star Wars Pyjamas etc 

You import silver-usually you have to pay through the couriers according to the HS code and documentation. If you’ve been charged accidentally VAT on investment Gold- Tough. You claim it back, they don’t care or want to know. The Seller abroad is NOT responsible for duties and taxes of the country shipped too-you are(T@Cs). Ignorance and pretend naivety is not a defence.

As the stunning and brave Pirate said, the selling of bulk silver has killed the basic collector’s  ability to sell their couple of ounces. The issue then becomes the small profit they’ve made would normally introduce them to fractional gold and climb the investment ladder. Now that progress stops. The selfish, arrogant seller has then killed the forum sales pages to line their criminal pockets.

Bigger picture is important.

[James32]

Chuck Norris never paid vat on silver,

Just sayin...

[Upsidedown]

So who are we talking about?

I feel like we are talking about someone?

[James32]

1 minute ago, Upsidedown said:

So who are we talking about?

I feel like we are talking about someone?

You're a bad egg

Not the fukin confused emoji jaysus 

[Spark268]

VAT Fraud is illegal, and must not be condoned, as with all illegal activity.

That aside, the market for silver is quite poor at the momemnt and clearly this is impacting emotions. In recent years the large premiums far exceeded 20% on the secondary market.

Now that it is not, and in some cases turning to a discount to spot, doesn't mean that we should go round making false allegations and insinuations.  As far as I understand it, people are still able to sell way above spot on here - even though there are many anecdotes about people selling even slabbed eagles below spot. It might be that the prices on the forum have to fall further, not necessirly due to the actions of one or two sellers, but because of the reaities of the market in the real world.

And I'm still struggling to understand what mass migration has to do with any of this.

 

 

[Roy]

Sadly, definitions have changed.

Gold is money. It is not subject to VAT.

Today, silver is not money, it's a commodity and thus attracts VAT.

All of the gold ever discovered still exists, yet a lot of silver ends up in landfill.

[bluemoon]

So are we saying these are unlawful activities from these sellers? I assumed it was a lawful loophole being used like the old Estonia method. I haven't bought silver in years so I wouldn't know.

Edited March 19 by bluemoon

[Shinus73]

8 hours ago, NGMD said:

A decent thread and having to agree with @HonestMoneyGoldSilver makes my skin itch.

Let’s just say theoretically there is a seller on Instagram(🤷🏼‍♂️)or elsewhere selling silver and not paying VAT. If HMRC believes he’s lost a few quid, he won’t just come after the seller, he’ll tear into everything with the buyer. You are not innocent until proven guilty, he will tell you what you have to pay (his guess) and you have to prove him wrong(receipts, invoices, bank statements etc) he then might feel he needs to look at what else you’ve bought and sold like Lego or Sports Shoes, Star Wars Pyjamas etc 

You import silver-usually you have to pay through the couriers according to the HS code and documentation. If you’ve been charged accidentally VAT on investment Gold- Tough. You claim it back, they don’t care or want to know. The Seller abroad is NOT responsible for duties and taxes of the country shipped too-you are(T@Cs). Ignorance and pretend naivety is not a defence.

As the stunning and brave Pirate said, the selling of bulk silver has killed the basic collector’s  ability to sell their couple of ounces. The issue then becomes the small profit they’ve made would normally introduce them to fractional gold and climb the investment ladder. Now that progress stops. The selfish, arrogant seller has then killed the forum sales pages to line their criminal pockets.

Bigger picture is important.

Then the basic collector needs to be more selective regarding the couple of ounces they buy. Nobody is entitled to a small profit because they bought something they consider to be an investment.

All part of the learning curve.

[Dom]

Good on those who don't pay tax. Tax is quite literally theft. Paying council tax makes you more of a criminal than someone selling silver without paying VAT. Why? Well because many councils invest in arms dealers like Lockheed Martin and BAE etc who make arms to drop on little kids in Yemen for example. So by paying your taxes you are complicit in that genocide! How about that for a morning wake up call! P.S screw the government!!!

[treetop1280]

5 hours ago, Spark268 said:

VAT Fraud is illegal, and must not be condoned, as with all illegal activity.

That aside, the market for silver is quite poor at the momemnt and clearly this is impacting emotions. In recent years the large premiums far exceeded 20% on the secondary market.

Now that it is not, and in some cases turning to a discount to spot, doesn't mean that we should go round making false allegations and insinuations.  As far as I understand it, people are still able to sell way above spot on here - even though there are many anecdotes about people selling even slabbed eagles below spot. It might be that the prices on the forum have to fall further, not necessirly due to the actions of one or two sellers, but because of the reaities of the market in the real world.

And I'm still struggling to understand what mass migration has to do with any of this.

 

 

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 ??? 👍

[Dom]

58 minutes ago, 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 ??? 👍

I can't get hold of any red anymore since the gov tightened the noose on who could buy it. I'll swap you 10oz of silver for 250ltr of cherry? Lol 

[treetop1280]

2 minutes ago, Dom said:

I can't get hold of any red anymore since the gov tightened the noose on who could buy it. I'll swap you 10oz of silver for 250ltr of cherry? Lol 

go to the garages in the countryside , ( you know them random weird ones in the middle of nowhere -have a special pump around the back ?????,  and the card machine for card payment is always broke???fella behind the counter is about 102 years old , and wears a eye patch ???? and would probably take payment in silver???? 

[HonestMoneyGoldSilver]

1 hour ago, Dom said:

Good on those who don't pay tax. Tax is quite literally theft. Paying council tax makes you more of a criminal than someone selling silver without paying VAT. Why? Well because many councils invest in arms dealers like Lockheed Martin and BAE etc who make arms to drop on little kids in Yemen for example. So by paying your taxes you are complicit in that genocide! How about that for a morning wake up call! P.S screw the government!!!

Keep telling yourself that mate

Why not become a conchie or a pacifist like the Republic of Ireland? I mean why not, if you don't harm anyone else, nobody will harm you. It's not like the Russians, Chinese, North Koreans or Iranians would steamroller the UK if we all went into a field, smoked a fat one and started singing kum ba yah

Evil prevails when good men stand by and do nothing

It was defence contractors who created computers, satellites, microchips, GPS, nuclear power, jet engines, the internet, microwaves, cryptography, you know everything you're using right now to have this conversation? Mostly British inventions.

The problem is not those not paying VAT on silver. The problem is having a two-tiered legal system where half obey the law and the other half don't. Those who don't follow the law prosper at the expense of  those who do follow the law. If you don't pay your council tax then I have to pay it for you, or else we all pay via inflation or we all do without public services

For the record:

https://www.thesilverforum.com/topic/79562-is-smuggling-silver-into-uk-actually-happening/?do=findComment&comment=910914

Do we consent to having our silver taxed? No, it's a cruel joke bordering on criminal itself .... if I was PM of the UK then VAT/CGT on precious metals would be abolished tomorrow. 

[Dom]

40 minutes ago, HonestMoneyGoldSilver said:

Keep telling yourself that mate

Why not become a conchie or a pacifist like the Republic of Ireland? I mean why not, if you don't harm anyone else, nobody will harm you. It's not like the Russians, Chinese, North Koreans or Iranians would steamroller the UK if we all went into a field, smoked a fat one and started singing kum ba yah

Evil prevails when good men stand by and do nothing

It was defence contractors who created computers, satellites, microchips, GPS, nuclear power, jet engines, the internet, microwaves, cryptography, you know everything you're using right now to have this conversation? Mostly British inventions.

The problem is not those not paying VAT on silver. The problem is having a two-tiered legal system where half obey the law and the other half don't. Those who don't follow the law prosper at the expense of  those who do follow the law. If you don't pay your council tax then I have to pay it for you, or else we all pay via inflation or we all do without public services

For the record:

https://www.thesilverforum.com/topic/79562-is-smuggling-silver-into-uk-actually-happening/?do=findComment&comment=910914

Do we consent to having our silver taxed? No, it's a cruel joke bordering on criminal itself .... if I was PM of the UK then VAT/CGT on precious metals would be abolished tomorrow. 

I'm no pacifist. If someone does me harm I'm gonna retaliate not stand by idly. If you're such a good law abiding citizen you have a duty to not commit terrorism which by the governments very own definition you are committing if you pay your taxes, because you're aiding and abetting the military industrial complex to drop bombs on innocent civilians. Are you happy that your council tax goes to central government and then they take a nice slice and give it back to your local council with a few zeros taken off? 

Legal and lawful are totally separate things mate. Legal pertains to the UK government PLC corporation ie you have to abide by it's company policy by not breaking any acts or statutes. Law on the other hand simply means cause no alarm harm or distress to another living being as to do so would be breaking the law. It's illegal to not wear a seatbelt but it's not unlawful. 

I would happily pay my council tax if it actually went into my community but until it actually does I'm not paying a penny. I'll empty my own bins and I'm not fussed about street lighting especially these new ones that have EMFs off the scale! 

[Agaupl]

What’s VAT?🤣🤣

 

 

Edited March 19 by Agaupl

[HonestMoneyGoldSilver]

8 minutes ago, Dom said:

I'm no pacifist. If someone does me harm I'm gonna retaliate not stand by idly. If you're such a good law abiding citizen you have a duty to not commit terrorism which by the governments very own definition you are committing if you pay your taxes, because you're aiding and abetting the military industrial complex to drop bombs on innocent civilians. Are you happy that your council tax goes to central government and then they take a nice slice and give it back to your local council with a few zeros taken off? 

Legal and lawful are totally separate things mate. Legal pertains to the UK government PLC corporation ie you have to abide by it's company policy by not breaking any acts or statutes. Law on the other hand simply means cause no alarm harm or distress to another living being as to do so would be breaking the law. It's illegal to not wear a seatbelt but it's not unlawful. 

I would happily pay my council tax if it actually went into my community but until it actually does I'm not paying a penny. I'll empty my own bins and I'm not fussed about street lighting especially these new ones that have EMFs off the scale! 

I agree with you to a certain extent and I definitely agree that VAT on silver, especially on legal tender from the Royal Mint, is an abomination. The mail carriers like Royal Mail and the insurance companies treat silver bullion as money so how is it we are paying VAT on money itself? It's like being charged a 20% fee for using the ATM

[Petra]

3 hours ago, treetop1280 said:

go to the garages in the countryside , ( you know them random weird ones in the middle of nowhere -have a special pump around the back ?????,  and the card machine for card payment is always broke???fella behind the counter is about 102 years old , and wears a eye patch ???? and would probably take payment in silver???? 

I take it your local farmers don’t let you anywhere near their stash?🤔😮😮

[Upsidedown]

3 hours ago, HonestMoneyGoldSilver said:

If we all went into a field, smoked a fat one and started singing kum ba yah

 

Wow OK.

SOMEONES clearly been spying on me.

[treetop1280]

1 hour ago, Petra said:

I take it your local farmers don’t let you anywhere near their stash?🤔😮😮

God knows what’s inside farmers sheds , these days , have there fingers in many pies

[MickB]

4 hours ago, Dom said:

I can't get hold of any red anymore since the gov tightened the noose on who could buy it. I'll swap you 10oz of silver for 250ltr of cherry? Lol 

Deal👍

[treetop1280]

1 hour ago, MickB said:

Deal👍

Mick , you’re not allowed diesel ( as your mother is from the town that does not excist, the one @James32 thinks he lives in) , only one side of the community allowed to drive  cars in this country.  , the other side still use horse and cart , or walk , ( ULSTER SAYS NO ) 👍

[James32]

10 minutes ago, treetop1280 said:

Mick , you’re not allowed diesel ( as your mother is from the town that does not excist, the one @James32 thinks he lives in) , only one side of the community allowed to drive  cars in this country.  , the other side still use horse and cart , or walk , ( ULSTER SAYS NO ) 👍

This guy is our future? Really?