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    United Kingdom

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    Manchester, UK
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    Stacker & Collector

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  1. Finbinfin

    Not so 'swift'?

    If it's millions or billions the rules seem to slacken
  2. Finbinfin

    Sky News Metals Cock-Up

    The presenter would probably think a kilo of platinum is heavier 😅
  3. Finbinfin

    Brexit. And Scottsdale

    I think (!)... 1. You would have to pay import duty and vat on non-EU silver before HMRC would release the products from customs and 2) a round is the same as a coin (i.e. a round piece of silver of a determined weight) but is not a piece of legal tender in any jurisdiction which may impact tax on any gain on resale and also may be perceived to be less reliable than a verified government backed coin (although this is probably a question of perception only).
  4. That's a good shout maybe on a different coin as well like the 10p?
  5. Finbinfin

    Europe Silver Bullion company

    Europeanmint has a sister delivery company, worked great for me last time. Or join the next backyard bullion group order?
  6. It's just clicked actually... I have always thought about it in terms of a simple bank structure where they would take deposits (Dr Cash Cr Depositors) then write loans (Dr Loan Asset Cr Cash) with those deposits, on the assumption that the bank must transfer cash to, ultimately, the seller of the property. But I suppose what they really do is create a loan asset and the other side is a credit obligation (i.e. the borrower's account is credited with the value of the loan), and not all lending is mortgage based! It is then a case of managing liquidity on an aggregate basis, as well as managing regulatory leverage limits.
  7. Looking forward to seeing his latest installment. His explanation of fractional reserve banking misses out the other side of the balance sheet so isn't quite right (commercial banks can create loans but they need funding to actually provide the money!) but otherwise I find him very measured and thoughtful. But yeah buyer beware indeed / DYOR etc!
  8. Finbinfin

    New to silver stacking...

    Welcome to the wonderful world of stacking! As regards CGT: It's your responsibility to record the purchase and sale price if you think you'll become liable to CGT (by earning over the 11,800 threshold on non CGT exempt items). Even if it's 20 years apart, the taxman will say well you bought all that with the aim of generating a long term capital gain so we expect you to demonstrate what you owe. I think getting a few each of some different coins sounds like a plan. If you think you want to collect series like the kookaburra or want a flavour of the various countries' standard bullion, it's a good way to find out what you like!
  9. Finbinfin

    **NOVEMBER** Group order

    Goodbye fiat, hello shiny!
  10. Finbinfin

    When is VAT not a tax

    It doesn't matter how many times they're sold, VAT is chargeable on sale of all silver coins bought for physical delivery (if the seller is VAT registered). Also, I can't see any examples on Chards or Atkinsons where it isn't? Agree though it's very annoying not to quote the all-in price.
  11. Finbinfin

    Today I Received.....

    Very impressed with these in the flesh
  12. Finbinfin

    Back door delivery

    There is one way... But it wouldn't be shiny anymore!
  13. Finbinfin

    Silver to Go (or where best to buy)

    STG always delivered the goods (literally!) Well packaged and you can pay in sterling (they invoice you with payment details once order is made). Haven't used them for a year or so though probably due to European Mint being cheaper for what I've wanted.
  14. Finbinfin

    Brexit and selling

    You just sell like you would anything. I don't know what the 20% EU tax is you refer to - if you mean VAT then the rates vary by country and it's added by the seller (but only if they are VAT registered). If you're selling within the UK, I don't see how Brexit has any impact. If you're selling to somewhere in the EU then it's still too soon to know if there will be custom duties etc to pay.
  15. Finbinfin

    Royal mint Xmas crackers

    You're paying about 3 grand for the packaging, you'd have be to Christmas crackers to buy those!