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.

bluemoon

Member
  • Posts

    344
  • Joined

  • Last visited

  • Trading Feedback

    0%
  • Country

    United Kingdom

Reputation Activity

  1. Haha
    bluemoon got a reaction from m3rlin in Gold Monitoring Thread £ GBP only   
    Gold is doing its best cocoa impression right now.
  2. Haha
    bluemoon got a reaction from stefffana in Gold Monitoring Thread £ GBP only   
    Gold is doing its best cocoa impression right now.
  3. Haha
    bluemoon got a reaction from MBTPSilver in Silver Monitoring Thread £ (GBP) only.   
    Come on silver my attention span is short. I need my dopamine hit.
  4. Haha
    bluemoon got a reaction from Darr3nG in Silver Monitoring Thread £ (GBP) only.   
    Come on silver my attention span is short. I need my dopamine hit.
  5. Super Thanks
    bluemoon got a reaction from Silverlocks in Silver to da' m00n!   
    A rational-talking silver stacker, that's what I like 👍. Seems almost novel after spending a couple of hours on YouTube.
  6. Like
    bluemoon reacted to Silverlocks in Silver to da' m00n!   
    Rule #1 of buying silver in the UK - VAT really ganks the value of investment in silver.  Buying and selling through conventional dealers will get you a spread of 30% or more, which makes it not worth doing this way.
    But . . .
    You can buy and sell on the secondary market at manageable spreads.  If you keep an eye out here and the various other places where folks buy and sell silver, you can buy and sell at a far more sane spread.  The going rate for 1oz coins is somewhere about £23 (give or take - maybe a little more with silver going up), and there are people you can buy from around this price point.  Bars in the 10 oz to 1kg range are also worth buying at the right price. 
    You need to understand your exit strategy, which is just a fancy way of saying 'How do I flog my coins?'  With silver, buying and selling to dealers isn't cost effective, so your exit strategy for silver will have to be based off selling back to the secondary market.  Therefore you have to pay attention to liquidity - i.e. what people will buy, and at what price you can make a quick sale.  As a starting point, think of tubes of 1oz coins, and bars in the 10 oz to 1kg range.  Take a look in the UK ungraded section for sales to get a sense of the going rate for these on the open market.
    Consider also buying gold in the portfolio, unless you really want to bet on silver going to the moon.  The folks in that video are notorious for circulating clickbait about how silver is about to jump in price, and have been running this schtick for years now.  
  7. Like
    bluemoon got a reaction from Agaupl in Silver Monitoring Thread £ (GBP) only.   
    I was going to place a big order this weekend, now I should probably wait for a dip.
  8. Super Like
    bluemoon got a reaction from stefffana in Gold Monitoring Thread £ GBP only   
    What on earth is it doing.
  9. Like
    bluemoon got a reaction from Fenlander1 in Has the secondary silver market hit the market saturation point.   
    Given that silver has yet to reach its previous highs like gold has, there is decent upside potential when it comes to sell. It depends when people bought. Anyone buying at current premiums should be in a better position than when buying at full premiums.
  10. Super Like
    bluemoon got a reaction from stefffana in Has the secondary silver market hit the market saturation point.   
    Given that silver has yet to reach its previous highs like gold has, there is decent upside potential when it comes to sell. It depends when people bought. Anyone buying at current premiums should be in a better position than when buying at full premiums.
  11. Like
    bluemoon got a reaction from ms0533x in Estonia or Norway VAT collection   
    Unfortunately the masses accept government intrusion as though it's normal, and so we are stuck with VAT among other things. Even income tax was only supposed to be a temporary war measure but a century later it is still here.
  12. Like
    bluemoon reacted to Agaupl in Has the secondary silver market hit the market saturation point.   
    I’m a potential house buyer in the UK Thai year or next and im looking at different areas with a drops of 15-45% from 2022 highs. Drops only just starting. IMHO. 
     
    as for silver I have quite a bit id like to sell, but at current prices I’m not even bothered to list them. Don’t really buy much either anymore… only for collectible stuff. If I was bulk stacking I’d prob still be happy… the cheap prices will come to an end sooner or later with the very very tight margins.  Hopefully the little buyers and traders don’t get bored in the mean time and are able to keep everything liquid on the forum cyclical economy to keep everything ticking over. 
    I think we’d have heard about this very loudly if it weren’t 
  13. Super Like
    bluemoon got a reaction from stefffana in Has the secondary silver market hit the market saturation point.   
    I like clowning around as much as the next guy, but this is an important subject that TSF itself has an interest in. Can I be a party pooper and ask that we talk more about that?
  14. Super Like
    bluemoon got a reaction from stefffana in Has the secondary silver market hit the market saturation point.   
    I haven't purchased on this forum for a while, when did these cheaper silver prices start coming in? I used to do the Estonia group buys with BYB. About a year ago I saw a controversial sales thread with someone selling the silver cheap, but he was previously banned so got banned again, but partly also because the prices seemed "too cheap" considering VAT.
    I've been buying Special VAT Scheme silver from reputable bullion dealers to buy cheaper silver anyway.
  15. Super Like
    bluemoon got a reaction from Agaupl in Has the secondary silver market hit the market saturation point.   
    I like clowning around as much as the next guy, but this is an important subject that TSF itself has an interest in. Can I be a party pooper and ask that we talk more about that?
  16. Like
    bluemoon got a reaction from Dom in Has the secondary silver market hit the market saturation point.   
    I like clowning around as much as the next guy, but this is an important subject that TSF itself has an interest in. Can I be a party pooper and ask that we talk more about that?
  17. Super Like
    bluemoon got a reaction from Fenlander1 in Has the secondary silver market hit the market saturation point.   
    I like clowning around as much as the next guy, but this is an important subject that TSF itself has an interest in. Can I be a party pooper and ask that we talk more about that?
  18. Super Like
    bluemoon got a reaction from Fenlander1 in Has the secondary silver market hit the market saturation point.   
    So are we saying these are unlawful activities from these sellers? I assumed it was a lawful loophole being used like the old Estonia method. I haven't bought silver in years so I wouldn't know.
  19. Super Like
    bluemoon got a reaction from James32 in Has the secondary silver market hit the market saturation point.   
    They'd be on a wild goose chase. It's more likely they will force the seller to pay.
  20. Super Like
    bluemoon got a reaction from Fenlander1 in Has the secondary silver market hit the market saturation point.   
    They'd be on a wild goose chase. It's more likely they will force the seller to pay.
  21. Haha
    bluemoon reacted to Fenlander1 in Has the secondary silver market hit the market saturation point.   
    Henry Martin Reginald Cooper
     
  22. Haha
  23. Super Like
    bluemoon got a reaction from Fenlander1 in Has the secondary silver market hit the market saturation point.   
    I haven't purchased on this forum for a while, when did these cheaper silver prices start coming in? I used to do the Estonia group buys with BYB. About a year ago I saw a controversial sales thread with someone selling the silver cheap, but he was previously banned so got banned again, but partly also because the prices seemed "too cheap" considering VAT.
    I've been buying Special VAT Scheme silver from reputable bullion dealers to buy cheaper silver anyway.
  24. Confused
  25. Like
    bluemoon got a reaction from treetop1280 in Has the secondary silver market hit the market saturation point.   
    I may be misunderstanding the point, but if sellers have found a way around the VAT then TSF's ecosystem won't change the market economy.
    You can actually get around 20% VAT from the big bullion dealers too, if buying pre-owned coins under their special VAT scheme. So it's not new.
×
×
  • 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