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      Enter the YouTube competition   25/03/17

      Mention The Silver Forum or upload a The Silver Forum video intro in one of your videos and enter for a chance to win!

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        Paste the link to your video in the topic below. Each separate video counts as an entry (make as many entries as you like) Each qualifying video will be entered into a prize draw to win a precious metals and/or gift card. Value of the prize will depend on how many entrants there are.
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BackyardBullion

Gold Premium Member
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    United Kingdom

Reputation Activity

  1. LongScottSilver liked a post in a topic by BackyardBullion in April 2017 Premium Member Prize Draw   
    3
    but if I win then choose someone else for the main prize - I want that Gold member jackpot :-)
  2. BackyardBullion liked a post in a topic by GoldBenj in Today I made.....   
    @BackyardBullion 
    When I've found a little bit more time I'll give these a go too I think, something novelty about a silver dice.
  3. Agpanda liked a post in a topic by BackyardBullion in Today I made.....   
    Pretty sure these little dice would raise some eyebrows by a gaming commissioner but they are bloody fun to roll around :-)
    They weigh in at about 22g each (+ or -)

     
  4. BackyardBullion liked a post in a topic by GoldBenj in Your Typical Newbie   
    If you guys search there is already a great deal of information on this forum with answers to your questions, try the search bar at the top ☺
  5. BackyardBullion liked a post in a topic by Niels87 in Having a Laugh !!   
    Maybe somebody should ask him for a discount because you need to spend some time on the bank transfer and unpacking the package. 
  6. Silverhunter liked a post in a topic by BackyardBullion in Having a Laugh !!   
    I have again asked another question about postage. I suggest we all go and start asking this seller questions via ebay - see if he actually replies or changes his tack!
    This is the question i have asked
    "Hello - again can you clarify the position on postage please? Royal Mail Special delivery for this item would cost you about £9 - and then ebay's 10% would mean probably about £10 total. Cost of a suitable box, £3-£5. 
    Why are you charging £45 for something that will cost you £15. 
    Also I think you are wrong about the claiming for lost postage. This would be your responsibility, if something went missing the buyer would just get a refund from Paypal and/or Ebay and then it is your responsibility to get a refund. 
    Please clarify as I am really interested in some of your items. "
  7. Silverhunter liked a post in a topic by BackyardBullion in Having a Laugh !!   
    I have again asked another question about postage. I suggest we all go and start asking this seller questions via ebay - see if he actually replies or changes his tack!
    This is the question i have asked
    "Hello - again can you clarify the position on postage please? Royal Mail Special delivery for this item would cost you about £9 - and then ebay's 10% would mean probably about £10 total. Cost of a suitable box, £3-£5. 
    Why are you charging £45 for something that will cost you £15. 
    Also I think you are wrong about the claiming for lost postage. This would be your responsibility, if something went missing the buyer would just get a refund from Paypal and/or Ebay and then it is your responsibility to get a refund. 
    Please clarify as I am really interested in some of your items. "
  8. KDave liked a post in a topic by BackyardBullion in Dealer Sale Price V Spot Price   
    It will depend entirely on the coin/bar and also which metal it is. 
    My experience says the following:
    SILVER
    Most now hold some small premium above spot price - often because they have "limited mintages" even if it is 100,000 or more some times!
    Most of the closest to spot coins are sold as bullion coins and these tend to be the really common and not collectable coins. Kangaroos, Britannias, Maple Leaf's etc.
    Of those coins the price will vary hugely based on where you buy. If you buy from the UK and just want 1 coin most dealers will sell them at about £22 per coin - so a huge bump on the spot price (40-50% some times!) But the more you buy the cheaper it gets per coin. You will never escape the 20% VAT in the UK though so the very best you will get is probably Spot +25%
    If you buy from a european dealer in enough volume to negate the impact of the shipping, with a favourable exchange rate you can pick up bullion grade coins for £17 per coin which works out at about spot +12% - this is about as good as you are ever going to get. 
    Silver is always going to be more expensive than spot in the UK sadly. It is not the metal you want to buy if you even think there is a remote chance you will need to sell to release cash in the short term. Selling silver back to the dealers or to ebay you will be lucky to get your money back at best (and that is if you got the best deal from europe). It is a longer term investment for sure. 
    GOLD
    There is no VAT on gold so you can easily pick up gold coins/bars in the UK for spot + 2% - 5% from dealers like Hatton Garden Metals, Atkinsons etc. You have to pay for postage which increases it slightly but not by much. Buying gold from Europe can be done too but since the Bexit vote the exchange rate is not in our favour and more often you can get cheaper gold from the UK. 
    You will also get better release of your money from gold. If there was an emergency and you wanted to sell your 1oz gold coin - you bought it for £1,020 (spot +2%) and now you need to sell it, you will get 98% spot from most dealers and on a private sale you will probably get spot or a little above. At worse you might lose 5% but more likely is you will keep your money. 
    With a silver bullion grade coin, if you bought it in the UK for £20 per coin, you would struggle to sell that privately for more than £16 per coin. Bullion dealers would offer you probably £13 per coin at best if you were lucky! So you lose £7 per coin! = 30% loss.
    Bottom line is, if you buy silver and gold, try not to sell it! Operate within your budget and wait for 30 years and you just cannot go wrong!
    So many people think that Gold and Silver are get rich quick schemes like the stock market - they are not, they are a preservation of wealth medium that ultimately are very low risk!
    Just my two cents - anyone who disagrees with me please feel free to share and/or leave feedback - I am always learning and this is what I have learned in my first 18 months of stacking!
  9. KDave liked a post in a topic by BackyardBullion in Dealer Sale Price V Spot Price   
    It will depend entirely on the coin/bar and also which metal it is. 
    My experience says the following:
    SILVER
    Most now hold some small premium above spot price - often because they have "limited mintages" even if it is 100,000 or more some times!
    Most of the closest to spot coins are sold as bullion coins and these tend to be the really common and not collectable coins. Kangaroos, Britannias, Maple Leaf's etc.
    Of those coins the price will vary hugely based on where you buy. If you buy from the UK and just want 1 coin most dealers will sell them at about £22 per coin - so a huge bump on the spot price (40-50% some times!) But the more you buy the cheaper it gets per coin. You will never escape the 20% VAT in the UK though so the very best you will get is probably Spot +25%
    If you buy from a european dealer in enough volume to negate the impact of the shipping, with a favourable exchange rate you can pick up bullion grade coins for £17 per coin which works out at about spot +12% - this is about as good as you are ever going to get. 
    Silver is always going to be more expensive than spot in the UK sadly. It is not the metal you want to buy if you even think there is a remote chance you will need to sell to release cash in the short term. Selling silver back to the dealers or to ebay you will be lucky to get your money back at best (and that is if you got the best deal from europe). It is a longer term investment for sure. 
    GOLD
    There is no VAT on gold so you can easily pick up gold coins/bars in the UK for spot + 2% - 5% from dealers like Hatton Garden Metals, Atkinsons etc. You have to pay for postage which increases it slightly but not by much. Buying gold from Europe can be done too but since the Bexit vote the exchange rate is not in our favour and more often you can get cheaper gold from the UK. 
    You will also get better release of your money from gold. If there was an emergency and you wanted to sell your 1oz gold coin - you bought it for £1,020 (spot +2%) and now you need to sell it, you will get 98% spot from most dealers and on a private sale you will probably get spot or a little above. At worse you might lose 5% but more likely is you will keep your money. 
    With a silver bullion grade coin, if you bought it in the UK for £20 per coin, you would struggle to sell that privately for more than £16 per coin. Bullion dealers would offer you probably £13 per coin at best if you were lucky! So you lose £7 per coin! = 30% loss.
    Bottom line is, if you buy silver and gold, try not to sell it! Operate within your budget and wait for 30 years and you just cannot go wrong!
    So many people think that Gold and Silver are get rich quick schemes like the stock market - they are not, they are a preservation of wealth medium that ultimately are very low risk!
    Just my two cents - anyone who disagrees with me please feel free to share and/or leave feedback - I am always learning and this is what I have learned in my first 18 months of stacking!
  10. BackyardBullion liked a post in a topic by morezone in Dealer Sale Price V Spot Price   
    21% (17/14).  Usually talking ~20% mark from dealers.
    Just a quick look at UK dealers you're looking at £20 min when buying a handful so you're talking around 40% from the large dealers paying VAT.  Add on postage and it's closer to 50%.
    In summary, expect to pay ~20% premium on a coin (closer to 25% with postage etc) and if buying from a UK dealer, add on another 20% for the VAT.
    For limited mintages and collectibles you can expect an even higher premium.
  11. KDave liked a post in a topic by BackyardBullion in Dealer Sale Price V Spot Price   
    It will depend entirely on the coin/bar and also which metal it is. 
    My experience says the following:
    SILVER
    Most now hold some small premium above spot price - often because they have "limited mintages" even if it is 100,000 or more some times!
    Most of the closest to spot coins are sold as bullion coins and these tend to be the really common and not collectable coins. Kangaroos, Britannias, Maple Leaf's etc.
    Of those coins the price will vary hugely based on where you buy. If you buy from the UK and just want 1 coin most dealers will sell them at about £22 per coin - so a huge bump on the spot price (40-50% some times!) But the more you buy the cheaper it gets per coin. You will never escape the 20% VAT in the UK though so the very best you will get is probably Spot +25%
    If you buy from a european dealer in enough volume to negate the impact of the shipping, with a favourable exchange rate you can pick up bullion grade coins for £17 per coin which works out at about spot +12% - this is about as good as you are ever going to get. 
    Silver is always going to be more expensive than spot in the UK sadly. It is not the metal you want to buy if you even think there is a remote chance you will need to sell to release cash in the short term. Selling silver back to the dealers or to ebay you will be lucky to get your money back at best (and that is if you got the best deal from europe). It is a longer term investment for sure. 
    GOLD
    There is no VAT on gold so you can easily pick up gold coins/bars in the UK for spot + 2% - 5% from dealers like Hatton Garden Metals, Atkinsons etc. You have to pay for postage which increases it slightly but not by much. Buying gold from Europe can be done too but since the Bexit vote the exchange rate is not in our favour and more often you can get cheaper gold from the UK. 
    You will also get better release of your money from gold. If there was an emergency and you wanted to sell your 1oz gold coin - you bought it for £1,020 (spot +2%) and now you need to sell it, you will get 98% spot from most dealers and on a private sale you will probably get spot or a little above. At worse you might lose 5% but more likely is you will keep your money. 
    With a silver bullion grade coin, if you bought it in the UK for £20 per coin, you would struggle to sell that privately for more than £16 per coin. Bullion dealers would offer you probably £13 per coin at best if you were lucky! So you lose £7 per coin! = 30% loss.
    Bottom line is, if you buy silver and gold, try not to sell it! Operate within your budget and wait for 30 years and you just cannot go wrong!
    So many people think that Gold and Silver are get rich quick schemes like the stock market - they are not, they are a preservation of wealth medium that ultimately are very low risk!
    Just my two cents - anyone who disagrees with me please feel free to share and/or leave feedback - I am always learning and this is what I have learned in my first 18 months of stacking!
  12. KDave liked a post in a topic by BackyardBullion in Dealer Sale Price V Spot Price   
    It will depend entirely on the coin/bar and also which metal it is. 
    My experience says the following:
    SILVER
    Most now hold some small premium above spot price - often because they have "limited mintages" even if it is 100,000 or more some times!
    Most of the closest to spot coins are sold as bullion coins and these tend to be the really common and not collectable coins. Kangaroos, Britannias, Maple Leaf's etc.
    Of those coins the price will vary hugely based on where you buy. If you buy from the UK and just want 1 coin most dealers will sell them at about £22 per coin - so a huge bump on the spot price (40-50% some times!) But the more you buy the cheaper it gets per coin. You will never escape the 20% VAT in the UK though so the very best you will get is probably Spot +25%
    If you buy from a european dealer in enough volume to negate the impact of the shipping, with a favourable exchange rate you can pick up bullion grade coins for £17 per coin which works out at about spot +12% - this is about as good as you are ever going to get. 
    Silver is always going to be more expensive than spot in the UK sadly. It is not the metal you want to buy if you even think there is a remote chance you will need to sell to release cash in the short term. Selling silver back to the dealers or to ebay you will be lucky to get your money back at best (and that is if you got the best deal from europe). It is a longer term investment for sure. 
    GOLD
    There is no VAT on gold so you can easily pick up gold coins/bars in the UK for spot + 2% - 5% from dealers like Hatton Garden Metals, Atkinsons etc. You have to pay for postage which increases it slightly but not by much. Buying gold from Europe can be done too but since the Bexit vote the exchange rate is not in our favour and more often you can get cheaper gold from the UK. 
    You will also get better release of your money from gold. If there was an emergency and you wanted to sell your 1oz gold coin - you bought it for £1,020 (spot +2%) and now you need to sell it, you will get 98% spot from most dealers and on a private sale you will probably get spot or a little above. At worse you might lose 5% but more likely is you will keep your money. 
    With a silver bullion grade coin, if you bought it in the UK for £20 per coin, you would struggle to sell that privately for more than £16 per coin. Bullion dealers would offer you probably £13 per coin at best if you were lucky! So you lose £7 per coin! = 30% loss.
    Bottom line is, if you buy silver and gold, try not to sell it! Operate within your budget and wait for 30 years and you just cannot go wrong!
    So many people think that Gold and Silver are get rich quick schemes like the stock market - they are not, they are a preservation of wealth medium that ultimately are very low risk!
    Just my two cents - anyone who disagrees with me please feel free to share and/or leave feedback - I am always learning and this is what I have learned in my first 18 months of stacking!
  13. KDave liked a post in a topic by BackyardBullion in Dealer Sale Price V Spot Price   
    It will depend entirely on the coin/bar and also which metal it is. 
    My experience says the following:
    SILVER
    Most now hold some small premium above spot price - often because they have "limited mintages" even if it is 100,000 or more some times!
    Most of the closest to spot coins are sold as bullion coins and these tend to be the really common and not collectable coins. Kangaroos, Britannias, Maple Leaf's etc.
    Of those coins the price will vary hugely based on where you buy. If you buy from the UK and just want 1 coin most dealers will sell them at about £22 per coin - so a huge bump on the spot price (40-50% some times!) But the more you buy the cheaper it gets per coin. You will never escape the 20% VAT in the UK though so the very best you will get is probably Spot +25%
    If you buy from a european dealer in enough volume to negate the impact of the shipping, with a favourable exchange rate you can pick up bullion grade coins for £17 per coin which works out at about spot +12% - this is about as good as you are ever going to get. 
    Silver is always going to be more expensive than spot in the UK sadly. It is not the metal you want to buy if you even think there is a remote chance you will need to sell to release cash in the short term. Selling silver back to the dealers or to ebay you will be lucky to get your money back at best (and that is if you got the best deal from europe). It is a longer term investment for sure. 
    GOLD
    There is no VAT on gold so you can easily pick up gold coins/bars in the UK for spot + 2% - 5% from dealers like Hatton Garden Metals, Atkinsons etc. You have to pay for postage which increases it slightly but not by much. Buying gold from Europe can be done too but since the Bexit vote the exchange rate is not in our favour and more often you can get cheaper gold from the UK. 
    You will also get better release of your money from gold. If there was an emergency and you wanted to sell your 1oz gold coin - you bought it for £1,020 (spot +2%) and now you need to sell it, you will get 98% spot from most dealers and on a private sale you will probably get spot or a little above. At worse you might lose 5% but more likely is you will keep your money. 
    With a silver bullion grade coin, if you bought it in the UK for £20 per coin, you would struggle to sell that privately for more than £16 per coin. Bullion dealers would offer you probably £13 per coin at best if you were lucky! So you lose £7 per coin! = 30% loss.
    Bottom line is, if you buy silver and gold, try not to sell it! Operate within your budget and wait for 30 years and you just cannot go wrong!
    So many people think that Gold and Silver are get rich quick schemes like the stock market - they are not, they are a preservation of wealth medium that ultimately are very low risk!
    Just my two cents - anyone who disagrees with me please feel free to share and/or leave feedback - I am always learning and this is what I have learned in my first 18 months of stacking!
  14. Trumar liked a post in a topic by BackyardBullion in Mirror Finish Heart - Hand Poured Silver   
    I have been working hard today and have finished a "Mirror Heart".
    Poured by hand, sanded by hand and polished by hand. Yes tools would be easier but 1) I don't have the tools! & 2) I like a challenge!
    It is the 5th piece in my Mirror finish series, hence it is stamped with MIRROR 5. You can see all my other pieces (all sold) here: http://backyardbullion.com/mirror-finish/
    So, this heart is for sale and I am looking for £75 delivered for it. I think it is a great piece and in my opinion well worth it considering the time, energy and resources I have put into it!
    It would make a great birthday, christening or wedding present!
    Weight 2.35 ozt 
    Purity: 999
    Paypal F&F or Banks transfer. G&S +3%
    Open to sensible offers too. 



     
  15. BackyardBullion liked a post in a topic by Ravinella in General Election In the UK - more uncertainty for Gold and Silver?   
    "Uncertainty for next few weeks" just make that decades,if we are all still here.
    Makes no difference,aint going to solve any geo political issues or solve the debt crisis.................probably pull back short term,Pound probably suffer...............long term 5 -10 years I'm still extremely bullish about PMs' and will buy at every opportunity I can.............world uncertainty just increases every day.
  16. BackyardBullion liked a post in a topic by Clens92 in General Election In the UK - more uncertainty for Gold and Silver?   
    There will be a bit of volatility but any increase in the Tory majority will calm the markets.  Short term volatility, moving into medium-term price stability in GBP terms.
  17. Silverdale liked a post in a topic by BackyardBullion in hello   
    hello and welcome! 
  18. Alymac liked a post in a topic by BackyardBullion in Pure Scottish Silver - Anyone Own Any?   
    If you plan to sell it then yes, but even if you do sell it, as long as you don't use the word "silver" do describe it then it is legal to do so. 
    But yes, you need a hallmark for sure - I have just registered with the Edinburgh Assay office which is very exciting!
  19. Pampfan liked a post in a topic by BackyardBullion in 2017 Proof Sovereign   
    This is what I did with mine!
  20. Alymac liked a post in a topic by BackyardBullion in Pure Scottish Silver - Anyone Own Any?   
    If you send in finished articles they use an XRF test to verify its purity. 
  21. Alymac liked a post in a topic by BackyardBullion in Pure Scottish Silver - Anyone Own Any?   
    If you plan to sell it then yes, but even if you do sell it, as long as you don't use the word "silver" do describe it then it is legal to do so. 
    But yes, you need a hallmark for sure - I have just registered with the Edinburgh Assay office which is very exciting!
  22. BackyardBullion liked a post in a topic by GoldBenj in Pure Scottish Silver - Anyone Own Any?   
    We have a few forum members that make their own items and sell them, If I was interested in anything personally I'd rather spend my money with a forum member but that's just me.