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Reputation Activity
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Jimmock got a reaction from stefffana in Has the secondary silver market hit the market saturation point.
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. 🤔🤔
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Jimmock got a reaction from ArgentSmith in Has the secondary silver market hit the market saturation point.
I think what @Fenlander1 may be getting at(I may be totally wrong)😁 is that recently,there seems to have been an increase in members who are able to sell seemingly limitless amounts of silver at, what seems to me, a very low premium. Thus making it virtually impossible for the everyday stacker to turn over a few oz here and there,without having to sell at a loss.
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Jimmock reacted to HonestMoneyGoldSilver in Has the secondary silver market hit the market saturation point.
There's no VAT on gold you muppet. Krugs are the most common modern gold coin and are subject to CGT which makes them less attractive than UK gold, hence they sell for spot
There is 20% VAT on silver. To evade the 20% is VAT fraud and carries serious penalties. Why should sellers who obey the law be punished by those who don't??? sour grapes 😂
I didn't say "immigration" either you twat. I said "MASS MIGRATION". Do you understand the difference between gold and silver, between immigration and mass migration?
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Jimmock got a reaction from Lyrinn in Has the secondary silver market hit the market saturation point.
I think what @Fenlander1 may be getting at(I may be totally wrong)😁 is that recently,there seems to have been an increase in members who are able to sell seemingly limitless amounts of silver at, what seems to me, a very low premium. Thus making it virtually impossible for the everyday stacker to turn over a few oz here and there,without having to sell at a loss.
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Jimmock got a reaction from TheShinyStuff in Has the secondary silver market hit the market saturation point.
I think what @Fenlander1 may be getting at(I may be totally wrong)😁 is that recently,there seems to have been an increase in members who are able to sell seemingly limitless amounts of silver at, what seems to me, a very low premium. Thus making it virtually impossible for the everyday stacker to turn over a few oz here and there,without having to sell at a loss.
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Jimmock got a reaction from ZigZag in Has the secondary silver market hit the market saturation point.
I think what @Fenlander1 may be getting at(I may be totally wrong)😁 is that recently,there seems to have been an increase in members who are able to sell seemingly limitless amounts of silver at, what seems to me, a very low premium. Thus making it virtually impossible for the everyday stacker to turn over a few oz here and there,without having to sell at a loss.
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Jimmock got a reaction from NGMD in Has the secondary silver market hit the market saturation point.
I think what @Fenlander1 may be getting at(I may be totally wrong)😁 is that recently,there seems to have been an increase in members who are able to sell seemingly limitless amounts of silver at, what seems to me, a very low premium. Thus making it virtually impossible for the everyday stacker to turn over a few oz here and there,without having to sell at a loss.
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Jimmock got a reaction from Aldebaran in Has the secondary silver market hit the market saturation point.
I think what @Fenlander1 may be getting at(I may be totally wrong)😁 is that recently,there seems to have been an increase in members who are able to sell seemingly limitless amounts of silver at, what seems to me, a very low premium. Thus making it virtually impossible for the everyday stacker to turn over a few oz here and there,without having to sell at a loss.
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Jimmock got a reaction from Chorlton in Has the secondary silver market hit the market saturation point.
I think what @Fenlander1 may be getting at(I may be totally wrong)😁 is that recently,there seems to have been an increase in members who are able to sell seemingly limitless amounts of silver at, what seems to me, a very low premium. Thus making it virtually impossible for the everyday stacker to turn over a few oz here and there,without having to sell at a loss.
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Jimmock got a reaction from Spyder in Has the secondary silver market hit the market saturation point.
I think what @Fenlander1 may be getting at(I may be totally wrong)😁 is that recently,there seems to have been an increase in members who are able to sell seemingly limitless amounts of silver at, what seems to me, a very low premium. Thus making it virtually impossible for the everyday stacker to turn over a few oz here and there,without having to sell at a loss.
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Jimmock got a reaction from Cityman1 in Has the secondary silver market hit the market saturation point.
I think what @Fenlander1 may be getting at(I may be totally wrong)😁 is that recently,there seems to have been an increase in members who are able to sell seemingly limitless amounts of silver at, what seems to me, a very low premium. Thus making it virtually impossible for the everyday stacker to turn over a few oz here and there,without having to sell at a loss.
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Jimmock got a reaction from HonestMoneyGoldSilver in Has the secondary silver market hit the market saturation point.
I think what @Fenlander1 may be getting at(I may be totally wrong)😁 is that recently,there seems to have been an increase in members who are able to sell seemingly limitless amounts of silver at, what seems to me, a very low premium. Thus making it virtually impossible for the everyday stacker to turn over a few oz here and there,without having to sell at a loss.
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Jimmock reacted to Fenlander1 in Has the secondary silver market hit the market saturation point.
Unfortunately this was always going to be the side effect of a small market being flooded it started with Britannia’s and is now hitting the more collector items, from what I can tell and in my personal opinion the secondary market has hit the critical saturation point as there are only so many of us stackers/collectors out there and most people are stocked up rightly or wrongly on the cheapest available so the only way for price to go is down the so called race to the bottom.
I was just curious as to others thoughts.
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Jimmock got a reaction from Gordy in Has the secondary silver market hit the market saturation point.
I think what @Fenlander1 may be getting at(I may be totally wrong)😁 is that recently,there seems to have been an increase in members who are able to sell seemingly limitless amounts of silver at, what seems to me, a very low premium. Thus making it virtually impossible for the everyday stacker to turn over a few oz here and there,without having to sell at a loss.
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Jimmock reacted to Fenlander1 in Has the secondary silver market hit the market saturation point.
The monster box has brought it to light for me personally as is an example it is getting harder to sell Singles at anywhere near there true inflation value.
Questionable origin isn't meant to be cryptic but when new silver can be sold at less than spot plus 20% it is of a questionable origin to me personally.
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Jimmock got a reaction from Tn21 in 4 × 1g Valcambi gold bars (loose)
Easy peesy one - £220 posted S.D.
Bank Transfer Only
Cheers. J.
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Jimmock got a reaction from Shogun42 in 4 × 1g Valcambi gold bars (loose)
Easy peesy one - £220 posted S.D.
Bank Transfer Only
Cheers. J.
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Jimmock got a reaction from GSS in 4 × 1g Valcambi gold bars (loose)
Easy peesy one - £220 posted S.D.
Bank Transfer Only
Cheers. J.
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Jimmock got a reaction from Petra in 4 × 1g Valcambi gold bars (loose)
Easy peesy one - £220 posted S.D.
Bank Transfer Only
Cheers. J.
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Jimmock got a reaction from stefffana in 4 × 1g Valcambi gold bars (loose)
Easy peesy one - £220 posted S.D.
Bank Transfer Only
Cheers. J.
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Jimmock got a reaction from Fenlander1 in 4 × 1g Valcambi gold bars (loose)
Easy peesy one - £220 posted S.D.
Bank Transfer Only
Cheers. J.
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Jimmock got a reaction from James32 in 4 × 1g Valcambi gold bars (loose)
Easy peesy one - £220 posted S.D.
Bank Transfer Only
Cheers. J.
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Jimmock got a reaction from Aldebaran in SILVER DEALS - (UK & Europe) See a deal, post it here
Thank you for your email.
There is a long version of the reply to your questions but the short answer is this,
The Margin Scheme run by HMRC allows us to re sell pre owned silver coins without the vat as they are “Collectable” coins. Any other silver, bars, rounds etc MUST be charged with VAT.
That is the rule if we buy the coins from the public. If we buy the coins from a client who has bought them through their business then we pay them the VAT and we must follow the line of VAT and charge VAT on the coins even though they are pre owned.
Hope that helps?
Kind Regards
Paul
This was reply I received from atkinsons when I questioned them about it.
This is from another thread on here from 2017,this is the answer I received from Paul Atkinson,when I asked him about it. 😁
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Jimmock got a reaction from Jvc2858 in SILVER DEALS - (UK & Europe) See a deal, post it here
Basically,because it's only pre- owned coins that are vat exempt. 😁