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cravethatcoin

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  1. This is the same situation for me. I purchased most of my 1oz Britannias at under £1000 spot so there is a little profit there but my QB (2 1oz and 3 1/4oz) on the other hand have done very well. Like with anything I think it's best not to put all your eggs in 1 basket. Buy QB just in case but also have low premium gold as well.
  2. That's crazy hopefully it will trigger more competition but of course PayPal is simply too big to be at risk. I once used a credit card processor that charged me $0.30 every payment "attempt" so if someone passed my fraud software and used a stolen card I could wake up to 30 failed attempts. Thankfully I was able to move away from them to Stripe. Hopefully there will be more competitive options to PayPal and the more they make these crazy changes the higher the incentive is to offer other payment options.
  3. I also run a VAT registered company for many years and I agree. VAT is an absolute horrible tax that negatively impacts both businesses and customers. It makes trade uncompetitive compared to companies outside of the EU that provide the same product/service. For example if I sell a product to Spain I have to charge that customer VAT. If they purchase from a company in India or China not only will they get a cheaper price due to lower labor costs to produce etc but also no VAT added on top. --- It's not just Internet businesses that suffer. I have hired multiple trades people to work on my house and one thing I noticed is that they do everything they can to ensure that they do not pass the VAT freshhold because they fear that the second they have to charge VAT on top of their day rate they will loose a lot of customers. So can it be good for the economy when quality trades people purposely have to stop natural growth of their business to avoid being uncompetitive? £150 a day is very common to hire a carpenter for example in the south east. That's already a decent chunk of money. With VAT on top it would cost £180 for the exact same person, service, time.
  4. I purchased 2 100 trillion dollar notes 2 years ago. I think there's a chance it could have a even higher value in future as long as no other country inflates their currency to that level anytime soon.
  5. At least they made a fair comment on Brexit Who cares if they have an opinion on Brexit? Also what did OP send to GS.be prior to that response?
  6. I would consider myself a stacker mostly. 95% of my stack is Britannia's. I have never collected a set so to speak, I just order what is best value at the time. Not necessarily cheapest as I have purchased queens beasts over Britannia's recently for the added potential premium down the line.
  7. I like to be around 20%, that works well for me let's me sleep easy and night without having all my eggs in 1 basket.
  8. I wish I agreed with this view but unfortunately I believe cash is well on its way to being removed completely from the system. I agree that it's insane because all it takes it outages etc to cause chaos but even now most people do not hold any cash. So it is irrelevant in a outage as most people simply don't deal with cash now and that is a massively increasing trend. It won't be long until cash is an old relic added to the list of floppy disks, type writers, fax machines etc.
  9. I don't understand how people can be so sick and insane. I can only suspect heavy brain damage of some kind.
  10. Great points. The higher risk with the group order is instead of 1 company and 1 delivery service there is now 2 companies and 2 delivery services. So there is now 4 levels of risk compared to 2 if ordering directly. Then you have to add in other factors: - BYB has to manage so much with this service, who ordered what, the payment of each customer, communication, the delivery of each order to each individual's address. To date he has a flawless record but it;s only a matter of time until mistakes are made. And when they are made it will be the customer who losses out not BYB: - BYB offers many uninsured delivery options, only he knows how many people are going with uninsured delivery but that is a huge risk to those that do: Anyone who orders directly gets insured delivery from most European dealers. So why take the risk to save a few £? - European Mint have to manage 1 huge order rather than a steady flow of general orders, it's more complicated to fulfill and a higher risk of error. - I believe the European Mint will send the total order in 2-3 packages to BYB, each one of course has a huge value compared to each customer ordering individually. If something goes wrong with the group order packages it would be a big problem. Smaller packages while there are more the value of each is significantly lower which would help with insurance claims and even in some cases retailers will take a hit on lost packages and simply re-send the product. Not going to be possible if one of these group order packages goes missing for example as package is of huge value. - BYB mentioned that he doesn't use email to communicate with customers which is good. But however he is doing it (PMs) on this forum for example is it a huge risk in itself. If this forum, his forum account (or email giving them access to his account), his computer (I assume has these orders in a spreadsheet) get hacked then the hacker now has a list of addresses that they know have x silver and x amount of value. If that data was in the wrong hands it would be a huge risk to everyone. Granted this is also a risk from ordering directly as the European Mint's website could get hacked and their database leaked. However, I would rather put my trust with a established online retailer who is most likely going to have a hosting environment and security procedures to manage that risk compared to a forum that is not designed to handle more sensitive data. The Silver forum uses https://invisioncommunity.com/ which is great software but it is software for forums not ecommerce. The European Mint appears to use Magento which is literally the leading platform for ecommerce and is in its nature very optimized for high security as it's used by some of the largest online retailers: https://magento.com/
  11. I asked my accountant about this in the past but she couldn't give me a clear answer. In theory if you are a VAT registered company paying UK VAT then you should be able to claim back VAT on silver assuming it's considered a business expense. Perhaps you could only do this if you used the silver as part of your business such as a jewellery maker. If you're purchasing pre-owned from a private individual it's probably best to purchase personally and not via a company. As the individual would not need to charge VAT.
  12. BRB you are a sensitive soul aren't you? So you didn't like my tone but you agree that my points were accurate in the comment I made on the youtube comment. I didn't plan on commenting on this again. But I saw a video related this forum so i chimed in with my experiences which was dealing with you on this very thread. Am I not free to comment on a video? I do not have to use your service to have an opinion on it. I have not said your actual operation is bad, what I have said is that what you're doing is very risky to those who order and you especially. At some point it's going to go horribly wrong, that is my opinion. You have fun with that. So many people have replied to me about this as "life is full of risks, everyone knows the risks they are taking". My point is why bother risking when you can simply order directly, pay a few more £ and have NO risk? This group order service is full of logistical risks and at some point it will backfire. I agree When it works well everyone is happy but it is my opinion that this is likely to go horribly wrong at some point. Hence why I raised my personal concerns. 3 or 4 points I raised were wrong and corrected by BYB (such as my concern for address details being sent over insecure email) and I stand corrected on that. But others were valid concerns which people can do as they like with. Heck I don't even care if you ignored my post. I simple saw something I had personal concerns with and raised them.
  13. My use of the word "drone" is referring to people who swarm on me for sharing my opinion on a public forum. I completely disagree that ordering from Europe is a pain. It is very easy to do. BYB marketed this as one of the selling points of this service which I found to be quite a desperate selling point. That's all well and good and I am happy for you. But never did I mention that your service has been a disaster. In fact I have said many times that I trust you fully as a person, I know 100% you are as honest as they come. I also have said many times that your service is popular so people disagree with me and that is fine. However, at some point I believe one of these orders will go horribly wrong which may be out of your control. There is a reason (and a valid one) why you are very clear about what you are and aren't liable for in your terms. You need to protect yourself if things were to go wrong. Great feedback. I don't actually have a issue with him creating content from the group orders. In fact I believe it's very smart as without the group order service one would have to be very rich to create such as diverse order as a single person (Shout out to Shadow Stack and his huge orders). That's what makes me laugh and I can see why you get that impression as I come across as a hatter when I respond to this group order service. However, I am not. I simply do not like seeing many people take a risk all for the sake of saving a few £ over ordering from Europe directly. I am actually a very chill guy. I don't "troll" anything or anyone. If you consider my feedback and opinion on this service me being a troll then I have trolled one time in my life I don't have a problem with anyone making money my friend. I have not once mentioned this as a problem. I own multiple successful online businesses and have worked under my own company since 2011. I have a lot of experience in business and the reason why I started stacking in the first place was because I wasn't comfortable with my hard work being represented by a number of my bank account. I have never trusted the banking system and stacking was a natural way to mitigate the risk of having all my wealth in a bank account that I couldn't control and could loose at anytime. I now sit comfortably on a nice stack and recently purchased a house with a large deposit. So I don't hate life enough or have any reason to "troll". Yes I believe he means his channel. I wasn't aware though as I don't generally comment on his videos. I have watched his videos in the past and particularly enjoy the silver pouring. But I have been a bit distant from the metals community recently as I reached my goals and have taken a bit of a back seat. I agree completely. I was simply sharing the negatives I saw in the service. Quite frankly I didn't expect such a big backlash. I was corrected on some points I raised and that is fine but the rest still stand and that is fine.
  14. BYB I understand you stand behind what you're doing and the community does too but I am free to share my opinion. If you can't handle that it's down to you. Which points did I raise that were not accurate? None - people send him money for silver plus shipping so he can order on their behalf to his house. Take videos of the silver then he will charge them again for shipping to send it to their house - Check - He claims this is a great service as it's cheaper (yet there is no bulk discount from European Mint), he also makes it out to be easier as you don't have to deal with the "hard" process of ordering from Europe. - Check - I did the maths on the group order and it ends up being slightly cheaper doing the group order than ordering directly but with many negatives that come with it. He has a "deal" with the European Mint yet they refuse to offer bulk discounts for the order as a whole and treat everyone's order as separate. If everyone on the order benefited from a bulk discount on the total order I would give it more credit as then there would actually be a reason for ordering that way. - Check - His group ordering is a disaster waiting to happen and if you raise any negative points about it on the forum like I did you will get swarmed on by his drone members. - Double Check ^ I admitted that I was wrong on about 3-4 points I raised about your service (believing you used email to communicate for example) from a list but as I mentioned at the time the only benefit of your service is slightly cheaper pricing per order (a few £). You say here that I admitted I underestimated the situation. No I admitted that I was wrong on "some" concerns I had with your group order. I pulled out of the back and forth because it was a waist of my time and your time. I said I was wrong on your agent situation which I was. I stand by my belief that your group order service is putting everyone at risk for the sake of 1 benefit. Which is saving each customer a few £. It is my view that the trade off of saving a few £ compared to the negatives is a poor deal. Clearly no one else agrees as your service is popular. I don't care if people use it or not but I was not going to look at something I have concerns with and not raise them. You obviously believe that there is no negatives to the service you're providing which is fine but i don't agree and will share my opinion as this is a public forum. ------------- Once again the drones are in full force. I find it funny how many assumptions people are making about me. The facts are that i have been involved with stacking for longer than most of the people who are commenting and calling me a "child". But quite frankly it doesn't matter. I have raised my concerns and I am free to do so. I don't care what anyone thinks of me or if you disagree with my points. @ HawkHybrid & @KDave - I raised my negatives on the original communication between BYB and myself on the group order thread. I did not list them on the Youtube comment as I was refering to them.
  15. BYB I understand you stand behind what you're doing and the community does too but I am free to share my opinion. If you can't handle that it's down to you. Which points did I raise that were not accurate? None - people send him money for silver plus shipping so he can order on their behalf to his house. Take videos of the silver then he will charge them again for shipping to send it to their house - Check - He claims this is a great service as it's cheaper (yet there is no bulk discount from European Mint), he also makes it out to be easier as you don't have to deal with the "hard" process of ordering from Europe. - Check - I did the maths on the group order and it ends up being slightly cheaper doing the group order than ordering directly but with many negatives that come with it. He has a "deal" with the European Mint yet they refuse to offer bulk discounts for the order as a whole and treat everyone's order as separate. If everyone on the order benefited from a bulk discount on the total order I would give it more credit as then there would actually be a reason for ordering that way. - Check - His group ordering is a disaster waiting to happen and if you raise any negative points about it on the forum like I did you will get swarmed on by his drone members. - Double Check ^ I admitted that I was wrong on about 3-4 points I raised about your service (believing you used email to communicate for example) from a list but as I mentioned at the time the only benefit of your service is slightly cheaper pricing per order (a few £). You say here that I admitted I underestimated the situation. No I admitted that I was wrong on "some" concerns I had with your group order. I pulled out of the back and forth because it was a waist of my time and your time. I said I was wrong on your agent situation which I was. I stand by my belief that your group order service is putting everyone at risk for the sake of 1 benefit. Which is saving each customer a few £. It is my view that the trade off of saving a few £ compared to the negatives is a poor deal. Clearly no one else agrees as your service is popular. I don't care if people use it or not but I was not going to look at something I have concerns with and not raise them. You obviously believe that there is no negatives to the service you're providing which is fine but i don't agree and will share my opinion as this is a public forum. ------------- Once again the drones are in full force. I find it funny how many assumptions people are making about me. The facts are that i have been involved with stacking for longer than most of the people who are commenting and calling me a "child". But quite frankly it doesn't matter. I have raised my concerns and I am free to do so. I don't care what anyone thinks of me or if you disagree with my points.