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Thanks speedie for your reply very much appreciated.
Loads of Info perfect.
Hi Mox. Silver is a roller coaster ride and not for the faint hearted. Silver is classed as a commodity and money, gold is money. Silver bars attract CGT and VAT and for me are a no go. Silver Brits are CGT free and if purchased and stored (highly recommended) in a bonded store are free of VAT unless you take delivery(not recommended). There is a misconception that when selling achieving spot price is good, it is not. When purchasing you pay a premium for coins and the premium should be achieved when selling. I have used many dealers over many years and the difference in structure is confusing to the beginner. Search for a dealer that offers storage in a bonded store, has stock in hand, low premiums and a guaranteed buy back price above spot. For large purchases £200k Matterhorn Asset Management are very good, for smaller amounts The Pure Gold Co is very competitive. PSLV in an ISA is also a good way to get exposure to the silver market. Good luck with what ever route you take. ATB Speedy
Don't you folks have anything better to do on a Friday night?
Sitting bickering at each other on a forum. The markets have closed! Leave it out.
Go grab a drink and chill the fook out.
Thanks bottle its not on talking to people like that no wonder I've never posted on here I'll stick to telegram
Furthermore bablake if you had taken the time to check in stead of being a complete can't your self
I've been a member since 2015 not really that new
Ay.
Speedie here for sure. Also Stu on Telegram.
I can vouch for Moxy FWIW
Firstmodern most have seem the light on him now. What did they say in only fools and horses.... what a plonka hahahaaaaaas
Napthman, yes classic gold from the arrogant hypocrite, always had him down as a board disruptor, has no credibility now.
You having a laugh I'm just asking I been invested in ggp for years I just don't ever post hear for this exact reason. I stick to telegram but can't discuss other thing on there
I've spoken to hydro on many occasions on private message also merc aka investor on twitter.
But if its a problem asking for advice I'll take it some where else.
I read this board every day and I know speedie is quite clued up on the matter.
Mox85
New member, asking holders of a gold exploration company about the ins and outs of buying bars or coins of silver? Me thinks you're taking the p1.ss
Thanks for all your replies its very much appreciated.
So if a kilo of coins would cost more than a kilo bar the thought is that the tax savings would cover the difference between them ?
And am I right in thinking that you would get more back for the coins when sold than just a piece of silver.
Definitely panama.
Comedy gold from tymers, brilliant absolutely brilliant
Panama. Exactly once I realised GH was reducing I did the same I made my thoughts known! I also started to add with GH purchase. If that makes me the same as GH in managing my investments I'm fine with that. And as it happens was a very smart move. Glh and busy weekend so have a good one
Sutton Coldfield not sure where Sutton Cottonfield is.
And top up I have Nap :-). I do believe this is that one in a million- trickery and tomfoolery notwithstanding!
I agree with Mercedesman Atkinson Bullion in Sutton Cottonfield seem the best value on Brittania coins. They have also promised to buy them back at spot if ever needed although I have not had to test them on that yet. Always lovely to have a bit of actual physical gold. I only recently started buying and it is addictive.
Panama while a paper loss is horrible its been a great opportunity to top up.
Merc arnt a few 85% short and are in a serious situation hence why some have had an extension to cover them selfs
GH is still tweeting away re the presentation from NCM's outgoing CFO etc etc. One has to hope he is therefore still in it to win it with his remaining 40 m shares or thereabouts and not selling them off but awaiting along with us, the end game? Let us hope so.
It is entirely his business what he does in the end now he is a private shareholder. And, let's face it, many on here have traded some of their shares or sliced, as they call it, to do what they need to do or want to for their loved ones. GH is no different and has a lot to gain. Yes he remains a valuable and mighty big shareholder. Let's see. But I see that as a useful sign of holding for bigger things to come regardless.
Gold will go up gradually. The banks still dictate the terms of its value right now but things are afoot. Our SP is ludicrously undervalued, despite the big sell offs and people, indeed larger entities are buying buying buying.
There are things afoot. I am convinced of it. Plus if only just one of our prospective tenements hits gold then all bets are off.
It is mighty frustrating seeing the SP dither along at 20 p or less for months on end. I am surely weary of that too. But oh my God if Bamp's 40-50 m comes off and Jerry's Goliath hits the golden stuff too.....I will faint in a heap and need reviving . What a rollercoaster of a share. Life will be very dull one day without it!! lol!!!!
Bottle, again I say to you; you are a hero to do what you do and make things happen. Bamps, you are a story-teller and knowledgeable and mighty nice with it.
Paddy; come back on the BB more often, we miss you. I maintain that despite all the bickering and silly school boy prickery on here that they wouldn't be here if there wasn't light at the end of the tunnel.
And Mush, don't despair. It is all yet to come!
Merc, Interesting times ahead and yes i watch gold and silver pros, i probably over do it on you tibe watching the experts views, but i have no sleepless night any more :)
A few other things to note...
Napthman/speedie: unless something has changed in the last few days the NSFR segment of the Basel III agreement is still scheduled for 28th June (hence gold is on a run) there are about 12 sections to Basel III, while 9-10 have indeed been delayed until 2023, Net Stable Funding has not, thats the one that effects gold, and by extension us. Look up GoldSilverPro’s on youtube, he covered Basel III a few months back in great detail.
Mox/Tigger: if you are buying gold or silver the cheapest and best ive found in the uk is Atkinsons Bullion. They were £5 per oz cheaper on silver than anyone else when i ordered (on 500 oz) and i negotiated an additional 40p per oz with Paul Atkinson, call them they are very very good.
Mox85. Take advice yes Brittanias gold carry no vat and cgt as silver does carry vat but my main purpose was to allow gift to my family without IHT as long as I'm still around for 7 years. Seek Professional advise
And check all dealers, couple if months back best price i got was the royal mint and delivered the next day. Shop around
Mox if you are in the UK buy 1 oz Britannia’s
You have to pay VAT on all silver, if you buy Bars you also have to pay CGT!!
So if u want any hope of making any money.... buy coins
(And they are 999 pure)
Bars... every time. Pure. It does what it says on the tin. Coins generally not 100% silver. Just my view, no expert!