Crash Crash Crash !!!!!!!!!!!!!!!!!!!!!!!!!!!

JonnyBravo

Just like being at the cinema

Harry_Powell

novazombie wrote: »

Whats everyone think of silver now?

How do you buy it without incurring VAT? Does it also incur capital gains tax.

I looked at buying Gold and saw that coins were VAT free, but silver coins weren't.

If you add 17.5% tax onto the purchase of Silver (plus commisons, etc), how can you make any decent money on the investment?

RDB

Harry_Powell wrote: »

How do you buy it without incurring VAT? Does it also incur capital gains tax.

I looked at buying Gold and saw that coins were VAT free, but silver coins weren't.

If you add 17.5% tax onto the purchase of Silver (plus commisons, etc), how can you make any decent money on the investment?

You have to find the right place to buy from, certainly not one of the big dealers. There are too many middle men to make a profit from you.

Some call it the black market I call it the free market, I buy from a good company that doesnt have to charge VAT or anything because they are bellow the radar.

Do a search in youtube for silver 95% gone to find out what Im talking about.

Harry_Powell

RDB wrote: »

You have to find the right place to buy from, certainly not one of the big dealers. There are too many middle men to make a profit from you.

Some call it the black market I call it the free market, I buy from a good company that doesnt have to charge VAT or anything because they are bellow the radar.

Do a search in youtube for silver 95% gone to find out what Im talking about.

How do I know how pure the silver is that I'm buying? also how do I know it's not knock off (stolen) if I'm buying from the black market?

mbga9pgf

Harry_Powell wrote: »

How do I know how pure the silver is that I'm buying? also how do I know it's not knock off (stolen) if I'm buying from the black market?

You only pay VAT off initial purchase I believe.

RDB

• Global imbalances are cropping up like weeds in places like Greece, Spain, Vietnam, Iceland, Latvia, and Lithuania.
• There are massive property bubbles in China, Canada, the UK, and Australia.
• Japan is in a foolish fight against deflation and sinking further in debt
• Commercial real estate in the US is on the verge of bringing down hundreds of regional banks.
• Cities in the US are under massive pressure because of unsustainable pension plan promises.
• Global terrorism is on the rise.
How long this mess hangs together without a huge crisis in a major currency is the question everyone should be asking. Sadly, most are oblivious to the widening structural cracks.







PS its worth getting a silver testing kit, just paint acid on if it goes green your know its fine 999, then polish it off. There is no way to tell if its stolen.
I prefer the term free market not black markett.

SilverStandard

Bottom line is that silver and gold are in a bull market, a primary uptrend lasting another 5-10 years, so even if your timing is poor, the uptrend will bail out your mistake. For example, when the gold price first climbed to $340, I was all vexed about whether it would correct to $320 or $290. Today all that worry looks silly, because the primary uptrend has bailed out those $340 and $320 purchases long ago.

sabretoothtigger

I like the bit in your sig

In 1980, you could buy the average UK house for one thousand ounces of silver. A thousand ounces of silver now costs about £10,000, while the average UK house is now about £140,000.

The true house price crash will be in assets vs assets not assets vs currency which is kinda confusing.

The Halifax price index would look alot different if they measured it in the price of other assets rather then just plain currency which is being manipulated.

PS its worth getting a silver testing kit,

how much do they cost

• Japan is in a foolish fight against deflation and sinking further in debt

Japan's newly appointed finance minister Naoto Kan has called for a weaker yen in order to aid the recovery of the Japanese economy.

http://news.bbc.co.uk/1/hi/business/8445006.stm


Everytime a major government undermines their own currency its good for the price of long term value holding like silver and gold. The prospects grow as other means of (stable) trade currency decline

john539

The recession is just starting.

Anyone that talks about a recovery starting after a decade of excess is an idiot.

Yoshua

... and by the way, by way of a reminder about exit strategies for the precious metals, here's an old tip that may have been forgotten over the months/years ...

Peter De Graaf - a man who will put his money where his mouth is, unlike some tipsters ...

http://www.gold-eagl...raaf040808.html

<<<<<
EXIT STRATEGY

We are a long way from having to be concerned about an exit strategy from our gold and silver positions. For those of you who worry about tops, I’ll share my exit strategy with you. When 2 ounces of gold or 10 ounces of silver are equal in value to the daily quote for the Dow industrials, I’ll start making plans to sell most of my metals, and I’ll buy blue chip stocks or real estate with the proceeds. Today the ratio between gold and the Dow is 13.6 ounces of gold or 700 ounces of silver versus the Dow. That is a long way from my exit.

Peter Degraaf
April 08/2008
>>>>>

One of his interesting points is ... watch out for the spike at the beginning of every month, and then buy as it dips !

And be alert for triple witching moments, of course. I'm sure the good Doctor will post from Hong Kong when these moments are about to occur.