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Buying Silver & Gold Bullion and Coins
pjbltd
Posts: 214 Forumite
Does anyone do this?
And if so are there any reputable places online that they could recommend purchasing from?
Many thanks
And if so are there any reputable places online that they could recommend purchasing from?
Many thanks
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Comments
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seems have you used either of these sites? I only want recommendations from trusted members on sites they use. Buying precious metals is something I don't feel that comfortable buying online.0
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Seems like you're advertising rather than recommending. ps im not buying my investments off ebay0
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are there any reputable places online that they could recommend purchasing from?
I've no experience with these but others seem to have found them reputable.
http://www.weightoncoin.com/coins/
http://www.chards.co.uk/coins.html
http://www.goldline.co.uk/
http://www.coininvestdirect.com/ (warehouse based in Germany)
As far as silver bullion coins go - you don't seem to get a great price in the UK. The market is smaller (compared to, say, the US) and the coins are subject to VAT. That's why I went the ETF route for my silver. Although I did buy some American Silver Eagle coins recently on a trip to the US.0 -
What is your reasoning / motivation for buying, may help people better suggest the most useful route.Hope for the best.....Plan for the worst!
"Never in the history of the world has there been a situation so bad that the government can't make it worse." Unknown0 -
Is the order of this post screwed up for anyone else?
Anyway there's an advert in this week's IC for an ETF gold backed by physical allocation that you can inspect (for a fee). I'll post the details when I find out where someone's moved my IC to...Mmmm, credit crunch. Tasty.0 -
http://www.etfsecurities.com/msl/etfs_physical_gold.asp
Note, I have no opinion on this product or company.Mmmm, credit crunch. Tasty.0 -
NO this thread is NOT for ETFs.
It is for buying physical gold & silver e.g. credit suisse gold bars.
I am most interested in buying silver but now put off that you have to pay VAT but not for buying gold? Why is this?0 -
Gold bullion is considered an investment instrument and was declared exempt of VAT in 2000.
As to why silver isn't given the same consideration I have no idea. Probably the same reason that chocolate cake doesn't incur VAT but chocolate biscuits do - HMRC is staffed by nutjobs
Mmmm, credit crunch. Tasty.0 -
pjbltd
I think you'll like these people:
http://www.spink-online.com
They don't come any more reputable than Spink.In the field of investment, 99 per cent of everything is garbage. Why? Because we have "gearing". - Robert Beckman0 -
pjbltd
I think you'll like these people:
http://www.spink-online.com
They don't come any more reputable than Spink.
Do they sell bullion coins or just numismatic stuff?0
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