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Pete

Silver Premium Member
  • Content Count

    2,692
  • Joined

  • Last visited

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  • Country

    United Kingdom

Reputation Activity

  1. Like
    Pete got a reaction from CosmikDebris in Yale of Beaufort   
    Don't care about the look as I must obtain to continue my set.
    When is it on sale ?
  2. Like
    Pete got a reaction from Coolsmp in Yale of Beaufort - Queen's Beasts   
    Hope i can get my order in to GS.be before Brexit ( i.e. delivery that is !! )
  3. Like
    Pete got a reaction from CosmikDebris in Yale of Beaufort   
    Don't care about the look as I must obtain to continue my set.
    When is it on sale ?
  4. Haha
    Pete got a reaction from Michal in 2018 BRITANNIA 1oz SILVER   
    True but when I purchase coins from main German dealers the box is generally full of old newspapers and other rubbish possibly swept off the floor.
    Fortunately these dealers don't keep rabbits.
  5. Like
    Pete got a reaction from caloundracats in Question about VAT in the UK and international travel   
    You can without question bring silver coins into the UK without declaring anything provided the value is within your personal allowance.
    No-one is going to question that but if you are a visitor and get stopped at random, a customs official might ask why you are bringing them into the UK.
    As you start to show nervous symptoms and sweat appears on your forehead, you might start to rabble on, get inconsistent and the trained customs official will see right through you.
    You might want to train yourself into an answer like - "these coins are for my friend XYZ who is a coin enthusiast, whom I will be meeting on ABC at FZY and are a gift for helping me out on a project I was working on .... blah blah. Provided you sound convincing and the explanation is plausible you will have nothing to fear.

    If you exceed this allowance you are running a small risk of getting caught and charged.
    Every time I pass through a manned customs hall, even though I am not carrying anything, I do admit to feeling guilty as these people gauge your body language.
    You also need to ask yourself if it is worth the hassle as many of us can buy silver coins at good prices from our current EU suppliers avoiding the full 20% VAT.
    Just post on this site what you have, how much you want and which pub to find you 😎
     
  6. Like
    Pete got a reaction from Zhorro in Who Do You Rate as Best for Explaining Gold Trends ?   
    Just had another bit of financial analysis arrive in my inbox today from Bullion by Post.

     
    Not sure I agree with their comments but you can fit any explanation you care to pull from the press and it will sound plausible.
    My alternative - and it works 50% of the time is the good old faithful crystal ball !!

     
  7. Like
    Pete got a reaction from Sal in APMEX Offer   
    We aim to please, share and educate on this terrific forum !!
  8. Like
    Pete got a reaction from Cking83 in Queen's Beasts (Gold & Silver) Photo Thread   
    How about including the Platinum one ounce Beasts ?
    Can a moderator edit the title please.
     

     

  9. Thanks
    Pete got a reaction from Wackattak924 in APMEX Offer   
    Check on a gov.uk site your free gift / personal allowance ( include the kids if there isn't an age restriction ) before you have to declare goods purchased outside the EU.

    If you are visiting Orlando there is a good coin coin shop called Orlando Coin Exchange - http://www.orlandocoinexchange.com
    I've used them many times, albeit maybe 5 or more years ago, for secondhand Eagles mainly, but also a few boxed proofs.
    I also got them to order tubes of new ASEs from their wholesaler at very good prices.
    I will be in Orlando in a few months and will definitely drop in to see what's on offer as it changes daily.
    I am not sure you can buy gold coins cheaper outside the UK as our dealers like Atkinsons are extremely competitive.
    Silver and Platinum are what you should aim to buy as there will not be any VAT or sales tax to pay.
  10. Like
    Pete got a reaction from KDave in Wealth Tax   
    What I am not comfortable with are the huge sums paid to look after other people's children especially the mothers who have a litter, often from different fathers who don't give a toss.
    I wonder what the taxpayers' bill will be for lawyers and bureaucrats, housing benefits etc, repatriating the London girl who joined ISIS, currently in the news, and her child ( about to be delivered ) claiming she has the right to return to the UK. I thought this was a one way ticket with citizenship stripped ? 
    This is not necessarily the only case.
    A local councillor told me recently that placing a child into care due to, for example, heroin addicted parents incurs a legal fee of £60,000 per child.
    If that's true then no wonder our taxes are so high and we still overspend, whilst lawyers, consultants, bankers and financial thieves take the cream.
    The wealthier folks ( sic Richard Branson ) hide on their caribbean islands and will have tax avoidance schemes in place that we mortals cannot even understand.
    When I visited Grand Cayman a couple of years ago, all I saw was a strip of sand and a few office buildings - yet this is supposedly the headquarters of some of our biggest corporations.
    I think I spotted a small brick building that had dozens of metal plates screwed on the outside listing all the Companies that were there but no cars in the small car park.
    Then there is inheritance tax - how much will Price Charles pay on his death ?
    I will start the bidding at zero.
  11. Like
    Pete got a reaction from Sal in APMEX Offer   
    Rubbing it in now ....!!!!!
  12. Thanks
    Pete reacted to Sal in APMEX Offer   
    Anytime you see something  on eBay US and want to buy it we work can work something out. I brokered a deal with a silver forum member and all went smooth. PM me and I'll give you details on what I did. 
  13. Like
    Pete got a reaction from Sal in APMEX Offer   
    Rubbing it in now ....!!!!!
  14. Like
    Pete reacted to Xander in Wealth Tax   
    A few £Billion taken from the wasteful foreign aid budget that gets squandered on rich countries would contribute to offsetting any tax deficit. 
  15. Like
    Pete got a reaction from Sal in APMEX Offer   
    We aim to please, share and educate on this terrific forum !!
  16. Sad
    Pete got a reaction from Alex in APMEX Offer   
    This kind of offer makes me p!ssed-off when I see the low prices our USA cousins can stack their silver compared to us in Limey Land

  17. Haha
    Pete got a reaction from Michal in 2018 BRITANNIA 1oz SILVER   
    True but when I purchase coins from main German dealers the box is generally full of old newspapers and other rubbish possibly swept off the floor.
    Fortunately these dealers don't keep rabbits.
  18. Thanks
    Pete got a reaction from Xander in Moving Money From Bank To Home Safe   
    If you use a UK bank you have absolute protection of your money and government compensation in full even if the bank goes bust.
    The cover is £85k or in this region per person.
    Not many insurance companies would cover as much as £5k in cash stored at home even if in a safe.
    Proving loss would be interesting so my advice is keep your cash in the bank.
    Why does Brexit have anything to do with this ?
    All the nonsense about shortages of food, medicines and the shut down of the economy is utter bullish!t.
    Might be worth transferring your cash to an English based bank if the SNP ever succeeds in making Scotland independent though.
    That would definitely make me worry more than the shenanigans surrounding Brexit.
  19. Like
    Pete got a reaction from harrygill111 in Today I Received.....   
    Wrong metal but right thread.
    Unpacked today.
    The 2013 Britannia ( new size ) with the full sovereign.
    My Brit has damage on an edge as someone has obviously filed a bit off for testing - b*stards !
    Weight in spec but coin ruined.

  20. Like
    Pete got a reaction from Kritika in What if We Have a No Deal Brexit ?   
    Looks as if some folks haven't really understood VAT and may also be getting confused with import duties.
    Duty and VAT are totally separate.

    When we talk about tariffs, WTO etc., this is duty and for our PM coins & bars this is ZERO meaning there is no duty charged on imports from the EU or the rest of the world.
    VAT is however charged as a sales tax and is 20% for silver and platinum but 0% for gold.
    There is a special 5% numismatics VAT code for some silver coins but 99% of the time would need to be reclaimed as HMRC will automatically charge 20%.
    Today when you order from the EU the dealer has already invoiced the VAT in his / her country and as we are members of the EU, goods travel freely across borders without having to charge additional VAT. Whether GS.be or others include 2%, 5%, 19% or whatever number, this is rated as VAT paid so you have no further liability.
    When you buy today from the USA, the dealer has not charged any VAT, or sales tax, so when the shipment hits the UK you will be charged the full 20%.
    If we leave the EU without a deal we will not be able to avoid paying the full VAT because the EU dealer will be instructed to charge UK VAT on all goods shipping to the UK.
    On larger value shipments, the dealers will be asked to ship the goods VAT free but they will be stopped, as if originating say from the USA, and you will be required to pay the VAT at 20% ( or 5% if you can argue or prove your exception to the full rate ) to HMRC and not the seller.
    Should you decide to drive through the chunnel ( remember the booze cruise ? ) and collect a boot load of silver, avoiding paying the UK VAT because GS.be or STG can invoice you as a local customer at their low rate or differential rate, you will need to declare the goods returning to the UK and be subjected to the 20% VAT or be prosecuted for smuggling.

    I hear the cogs grinding away - ahh - if we placed a group buy and had the silver shipped to the Irish Republic, because they are still in the EU, the lower prices from GS.be et al remain as they are today.
    Without any hard border these goods could without hindrance or checks ( or the need to drive across the channel ) be transported to the North, which is part of the UK, and then freely distributed to all forum members.
    HOWEVER this would be illegal and is the subject matter of the back-stop which is causing so much difficulties in the Brexit negotiations.
     
  21. Thanks
    Pete got a reaction from Xander in Moving Money From Bank To Home Safe   
    If you use a UK bank you have absolute protection of your money and government compensation in full even if the bank goes bust.
    The cover is £85k or in this region per person.
    Not many insurance companies would cover as much as £5k in cash stored at home even if in a safe.
    Proving loss would be interesting so my advice is keep your cash in the bank.
    Why does Brexit have anything to do with this ?
    All the nonsense about shortages of food, medicines and the shut down of the economy is utter bullish!t.
    Might be worth transferring your cash to an English based bank if the SNP ever succeeds in making Scotland independent though.
    That would definitely make me worry more than the shenanigans surrounding Brexit.
  22. Thanks
    Pete got a reaction from Xander in Moving Money From Bank To Home Safe   
    If you use a UK bank you have absolute protection of your money and government compensation in full even if the bank goes bust.
    The cover is £85k or in this region per person.
    Not many insurance companies would cover as much as £5k in cash stored at home even if in a safe.
    Proving loss would be interesting so my advice is keep your cash in the bank.
    Why does Brexit have anything to do with this ?
    All the nonsense about shortages of food, medicines and the shut down of the economy is utter bullish!t.
    Might be worth transferring your cash to an English based bank if the SNP ever succeeds in making Scotland independent though.
    That would definitely make me worry more than the shenanigans surrounding Brexit.
  23. Like
    Pete got a reaction from Kritika in What if We Have a No Deal Brexit ?   
    Looks as if some folks haven't really understood VAT and may also be getting confused with import duties.
    Duty and VAT are totally separate.

    When we talk about tariffs, WTO etc., this is duty and for our PM coins & bars this is ZERO meaning there is no duty charged on imports from the EU or the rest of the world.
    VAT is however charged as a sales tax and is 20% for silver and platinum but 0% for gold.
    There is a special 5% numismatics VAT code for some silver coins but 99% of the time would need to be reclaimed as HMRC will automatically charge 20%.
    Today when you order from the EU the dealer has already invoiced the VAT in his / her country and as we are members of the EU, goods travel freely across borders without having to charge additional VAT. Whether GS.be or others include 2%, 5%, 19% or whatever number, this is rated as VAT paid so you have no further liability.
    When you buy today from the USA, the dealer has not charged any VAT, or sales tax, so when the shipment hits the UK you will be charged the full 20%.
    If we leave the EU without a deal we will not be able to avoid paying the full VAT because the EU dealer will be instructed to charge UK VAT on all goods shipping to the UK.
    On larger value shipments, the dealers will be asked to ship the goods VAT free but they will be stopped, as if originating say from the USA, and you will be required to pay the VAT at 20% ( or 5% if you can argue or prove your exception to the full rate ) to HMRC and not the seller.
    Should you decide to drive through the chunnel ( remember the booze cruise ? ) and collect a boot load of silver, avoiding paying the UK VAT because GS.be or STG can invoice you as a local customer at their low rate or differential rate, you will need to declare the goods returning to the UK and be subjected to the 20% VAT or be prosecuted for smuggling.

    I hear the cogs grinding away - ahh - if we placed a group buy and had the silver shipped to the Irish Republic, because they are still in the EU, the lower prices from GS.be et al remain as they are today.
    Without any hard border these goods could without hindrance or checks ( or the need to drive across the channel ) be transported to the North, which is part of the UK, and then freely distributed to all forum members.
    HOWEVER this would be illegal and is the subject matter of the back-stop which is causing so much difficulties in the Brexit negotiations.
     
  24. Thanks
    Pete got a reaction from Xander in Moving Money From Bank To Home Safe   
    If you use a UK bank you have absolute protection of your money and government compensation in full even if the bank goes bust.
    The cover is £85k or in this region per person.
    Not many insurance companies would cover as much as £5k in cash stored at home even if in a safe.
    Proving loss would be interesting so my advice is keep your cash in the bank.
    Why does Brexit have anything to do with this ?
    All the nonsense about shortages of food, medicines and the shut down of the economy is utter bullish!t.
    Might be worth transferring your cash to an English based bank if the SNP ever succeeds in making Scotland independent though.
    That would definitely make me worry more than the shenanigans surrounding Brexit.
  25. Like
    Pete got a reaction from Bullionaire in Sovereigns in crisps!   
    If they spent hours looking they wouldn't likely have the money available to pay. 
    When Israel had high inflation ( cannot remember but possibly around 20 years ago or more ) a friend who lived there would take his salary money and spend it all on the same day in the supermarket because if he waited a day he would get significantly less. Now Venezuela is in the Zimbabwean currency zone, maybe worse  -