Jump to content
  • The above Banner is a Sponsored Banner.

    Upgrade to Premium Membership to remove this Banner & All Google Ads. For full list of Premium Member benefits Click HERE.

greektony

Member
  • Posts

    216
  • Joined

  • Last visited

  • Trading Feedback

    100%
  • Country

    United Kingdom

Reputation Activity

  1. Thanks
    greektony got a reaction from Epictetus in UK silver bullion stacking   
    @Shuaib121 don't want to bum you out but you are a good few years late to the silver stacking party from a UK perspective. Prior to leaving the EU we lived in sun lit uplands, free to buy VAT free silver from the rest of the EU. That door being closed is one of the 'benefits' of us leaving the EU and means that stacking silver is no longer really financially sensible (IMO). 
    You are best off focusing your efforts on buying gold as you can buy it much closer to gold's spot price here in the UK than you will ever be able to do with silver. You can also buy gold from the EU without any import tax due (unlike with silver).
    The example of buying silver privately on the forum at as low as around £24 is (at today's silver spot price) a mark up of around 45%!!!!!! Don't bother buddy, go with gold.
    (This is not financial advise, just an opinion of a miserable Remainer)
  2. Like
    greektony got a reaction from Heirlooms in 1/4oz Tudor Beasts Releases...   
    Thanks @Heirlooms. I figured as much, just wanted to double check my google fu hadn't evaporated.
     
  3. Thanks
    greektony reacted to Heirlooms in 1/4oz Tudor Beasts Releases...   
    Yes, the Lion of England is the 1st release of the bullion range
  4. Like
    greektony got a reaction from Centauri167 in UK silver bullion stacking   
    @Shuaib121 don't want to bum you out but you are a good few years late to the silver stacking party from a UK perspective. Prior to leaving the EU we lived in sun lit uplands, free to buy VAT free silver from the rest of the EU. That door being closed is one of the 'benefits' of us leaving the EU and means that stacking silver is no longer really financially sensible (IMO). 
    You are best off focusing your efforts on buying gold as you can buy it much closer to gold's spot price here in the UK than you will ever be able to do with silver. You can also buy gold from the EU without any import tax due (unlike with silver).
    The example of buying silver privately on the forum at as low as around £24 is (at today's silver spot price) a mark up of around 45%!!!!!! Don't bother buddy, go with gold.
    (This is not financial advise, just an opinion of a miserable Remainer)
  5. Haha
    greektony got a reaction from Relm in UK silver bullion stacking   
    @Shuaib121 don't want to bum you out but you are a good few years late to the silver stacking party from a UK perspective. Prior to leaving the EU we lived in sun lit uplands, free to buy VAT free silver from the rest of the EU. That door being closed is one of the 'benefits' of us leaving the EU and means that stacking silver is no longer really financially sensible (IMO). 
    You are best off focusing your efforts on buying gold as you can buy it much closer to gold's spot price here in the UK than you will ever be able to do with silver. You can also buy gold from the EU without any import tax due (unlike with silver).
    The example of buying silver privately on the forum at as low as around £24 is (at today's silver spot price) a mark up of around 45%!!!!!! Don't bother buddy, go with gold.
    (This is not financial advise, just an opinion of a miserable Remainer)
  6. Haha
    greektony got a reaction from James32 in Self employment and selling.   
    I assumed (maybe incorrectly) OP wasn't in the business of selling PMs but just self employed in an unrelated industry. Guess I also assumed they held their PMs personally and did not buy them through their own company. 
    Think I may have made too many assumptions lol
  7. Like
    greektony got a reaction from frugalman in Self employment and selling.   
    if they are Britannias are they not CGT exempt regardless of your job? Or actually any coin minted by the Royal Mint (Silver, Gold or Platinum)?
     
    EDIT: according to the Royal Mint, the above is true
    https://www.royalmint.com/gold-price/capital-gains-tax-on-investments/
  8. Like
    greektony got a reaction from frugalman in Self employment and selling.   
    I assumed (maybe incorrectly) OP wasn't in the business of selling PMs but just self employed in an unrelated industry. Guess I also assumed they held their PMs personally and did not buy them through their own company. 
    Think I may have made too many assumptions lol
  9. Like
    greektony got a reaction from Tortoise in So you have silver….sell or keep?   
    I agree. I was fortunate to get into the silver game a couple of years ago and had enough time to amass a reasonable stack before Brexit and the 'silver squeeze' of last year. IMO Gold is far more a better buy for anyone in the UK.
    In regards to selling, for me I will be hodling for a while yet unless some unforeseen happens. I guess if spot hits $100+ I will start to consider slowly liquidating the stack!
  10. Like
    greektony reacted to Shep in £200 a month   
    Unpopular opinion incoming: Stay firmly away from silver. You’ll hold it for years and unless something magical happens you’ll possibly break even if you come to sell it.
    If you’re purely wanting to preserve your wealth or as you say make an “investment” stick to low premium gold.
    (All IMHO and apologies to silver stackers)
  11. Haha
    greektony got a reaction from AurumArgenti in Gold stackers!   
    I'm basically only on the gold train now as Brexit (thanks leavers) really doesn't make Silver an appealing investment IMO anymore. Helps that the current spot price of silver is considerably over my average buy in price as well.
  12. Like
    greektony reacted to ChrisSilver in Shall we give away 2x 5oz bars?   
    A bit of fun.  

    For the next large TSF prize draw to advertise and bring awareness of the forum, which will be in around a month or two. Should we double the prize and have 2x 5oz silver bars up for grabs, 2 different winners each winning a 5oz silver bar. If you think we should then like this post. 

    If this post gets 100+ likes we will give away 2x 5oz silver bars. (I have set this target deliberately low so that it is easily obtainable)

    If this post reaches 200+ likes, we will add a small bonus  
  13. Like
    greektony got a reaction from Hunter87 in Importing Investment Gold into the UK   
    This is what scares me from buying from the continent now. Good luck. I hope you get everything you ordered without additional fees but please update us with any news.
  14. Like
    greektony reacted to FloJo in Importing Investment Gold into the UK   
    Yipee!!!! 😁 My Order arrived today 😎 Even after what happened, I would still purchase from Coin Invest dot com again, as their prices for certain gold bars is £200+ cheaper than the UK sites I previously purchased from!
    In today's prices a Valcambi 10 x 1/10 oz Gold CombiBar is £1569.67 from Atkinsons Bullion. It's £1471.77 (includes £33.45 Customs Declaration + 2% credit card fee £28.57 + £14.95 p&p) from Coin Invest so, £97.90 cheaper after all fees!
    I purchased Heraeus 100 x 1g gold bar from Bullion By Post for £4657. Had I purchased it from Atkinsons Bullion dot com, it would have been £4425 (£232 cheaper). From Coin Invest it would have been £4552 (so £105 cheaper inc. 2% credit card fees & postage/customs). So, Atkinson wins out with that one!
    It pays to shop around but, I'm not buying gold from Bullion By Post ever again. I only started stacking (gold & silver) since March this year 2021, and I have certainly had a rapid, indepth education in the last 4 months (seems longer)! During this time (since March 2021) I've bought silver from the Royal Mint UK, silver from APMEX USA on eBay!!!!!! Plus silver CombiBars from other Sellers on eBay - here in the UK, also Germany & USA! I wouldn't do that now! Atkinsons gives me the best deals on silver 100g combibars.
    I've been on a steep learning curve since March but now I've run out of fiat currency and can’t buy anything anymore‼️😂
    I hope that someone else will learn from my experience and know that they're not alone in this stacking adventure. FloJo x
  15. Like
    greektony got a reaction from eblend in Gold stackers!   
    I'm basically only on the gold train now as Brexit (thanks leavers) really doesn't make Silver an appealing investment IMO anymore. Helps that the current spot price of silver is considerably over my average buy in price as well.
  16. Like
    greektony got a reaction from FloJo in Importing Investment Gold into the UK   
    This is what scares me from buying from the continent now. Good luck. I hope you get everything you ordered without additional fees but please update us with any news.
  17. Like
    greektony got a reaction from TommyTwoShots in Gold stackers!   
    I'm basically only on the gold train now as Brexit (thanks leavers) really doesn't make Silver an appealing investment IMO anymore. Helps that the current spot price of silver is considerably over my average buy in price as well.
  18. Like
    greektony got a reaction from ZigZag in Newbie - strategy advice please   
    It is probably an unpopular opinion around here, but I'm of the opinion that the ship has sailed for buying silver in the UK unless perhaps if you buy it vaulted. Second hand prices even on here still seem to include a massive premium over spot that to me makes it not worth the while.
    If you had started your silver journey before Brexit then it would have been worthwhile to stack silver, you're better off buying gold now as the premiums aren't as insane and there is no VAT
  19. Like
    greektony got a reaction from Nugget in Newbie - strategy advice please   
    It is probably an unpopular opinion around here, but I'm of the opinion that the ship has sailed for buying silver in the UK unless perhaps if you buy it vaulted. Second hand prices even on here still seem to include a massive premium over spot that to me makes it not worth the while.
    If you had started your silver journey before Brexit then it would have been worthwhile to stack silver, you're better off buying gold now as the premiums aren't as insane and there is no VAT
  20. Like
    greektony got a reaction from GoldDiggerDave in Newbie - strategy advice please   
    It is probably an unpopular opinion around here, but I'm of the opinion that the ship has sailed for buying silver in the UK unless perhaps if you buy it vaulted. Second hand prices even on here still seem to include a massive premium over spot that to me makes it not worth the while.
    If you had started your silver journey before Brexit then it would have been worthwhile to stack silver, you're better off buying gold now as the premiums aren't as insane and there is no VAT
  21. Like
    greektony got a reaction from Bigmarc in Newbie - strategy advice please   
    It is probably an unpopular opinion around here, but I'm of the opinion that the ship has sailed for buying silver in the UK unless perhaps if you buy it vaulted. Second hand prices even on here still seem to include a massive premium over spot that to me makes it not worth the while.
    If you had started your silver journey before Brexit then it would have been worthwhile to stack silver, you're better off buying gold now as the premiums aren't as insane and there is no VAT
  22. Like
    greektony got a reaction from stefffana in Newbie - strategy advice please   
    It is probably an unpopular opinion around here, but I'm of the opinion that the ship has sailed for buying silver in the UK unless perhaps if you buy it vaulted. Second hand prices even on here still seem to include a massive premium over spot that to me makes it not worth the while.
    If you had started your silver journey before Brexit then it would have been worthwhile to stack silver, you're better off buying gold now as the premiums aren't as insane and there is no VAT
  23. Like
    greektony got a reaction from Blueged1 in Newbie - strategy advice please   
    It is probably an unpopular opinion around here, but I'm of the opinion that the ship has sailed for buying silver in the UK unless perhaps if you buy it vaulted. Second hand prices even on here still seem to include a massive premium over spot that to me makes it not worth the while.
    If you had started your silver journey before Brexit then it would have been worthwhile to stack silver, you're better off buying gold now as the premiums aren't as insane and there is no VAT
  24. Like
    greektony got a reaction from SilverStorm in Silver Premiums and Wait Times, what are you seeing?   
    If silver does make a 3x move then I might have a tinge of regret, but then I'm assuming gold would be making a similar movement. The money I'm no longer spending on Silver goes towards Gold and cryptos so I still have my toe in the PM game.
    VAT in the UK is currently 20%. It applied to Silver before Brexit as it is classed by the government as an industrial metal. Pre-Brexit, we could buy from Europe with minimal VAT and no import duties applied. This no longer the case. Gold has no VAT in the UK currently as it is currently not classed as an industrial metal. So if you were to buy any precious metals at the moment in the UK then to me gold is the only viable option. It is also painful to see people paying £28+ an oz when a year ago I was buying from Europe for around £13-£14 an oz. I can't stomach paying that much personally. I am trying to average down not up!
    Silver is also pretty heavy which you appreciate once you've filled a monster box! I managed to achieve my personal goal of filling one and then some so I'm not itching to buy more unless there is a price crash, or at the least VAT is removed. 
    I'm no expert in any of this. The markets generally do the opposite of whatever I'm doing so might be wise for anyone reading to just keep buying lol
     
     
  25. Like
    greektony got a reaction from Tn21 in Silver Premiums and Wait Times, what are you seeing?   
    unfortunately Brexit has meant that buying silver is pretty pointless with taxes and the premiums currently charged. I don't see the point in starting a silver stack if you are UK based. You are better off sticking to Gold. I feel sad for anyone who has only just started or those who didn't reach whatever silver oz target they wanted as I don't see how it is now a viable investment. Its a shame that covid resulted in massive silver premiums last year so us UK stackers couldn't fill our boots before Brexit screwed us over
×
×
  • Create New...

Cookies & terms of service

We have placed cookies on your device to help make this website better. By continuing to use this site you consent to the use of cookies and to our Privacy Policy & Terms of Use