I need a Silver Bar.

The_MoneySavingKid

DiggerUK wrote: »

6022tivo,
That is about best price for silver. But why invest in silver and pay vat?
You need best part of 20% rise to get your money back.

For the nearly the same price you could get some small gold bars with no vat.
As a 250 gm cast bar is about the same size as a custard cream, it is a lot more convenient. Would advise 5x100gm though.

http://www.coininvestdirect.com/main.php?a=10&id=2

http://www.bullionbypost.co.uk/
Best of fortune.

Do you yourself buy Gold? If you do, I was just wondering how/where you plan to sell it when you believe the time is right?

DiggerUK

The_MoneySavingKid wrote: »

Do you yourself buy Gold? If you do, I was just wondering how/where you plan to sell it when you believe the time is right?

We have 60% of our retirement savings in gold. Started buying over 5 years back, averaged just over 550GBP an ounce.

Most of the places that sell will buy back, CID link will give you a good guide for prices on gold and silver.
Coins and small bullion will be bought by most coin dealing shops.
If you understand how to work ebay then sell there, people pay silly prices.

Plan to sell ours as and when needed.

DiggerUK

vaporate wrote: »

Isn't gold bars better?

Going from bars we bought in Dec 2008, and coins in Jan 2009 we are about 22% up on the bars, and about 6% up on the coins, given what we could sell for today.
Anybody on MSE got comparisons? Our figures seem to check out on other gold sites.

shane42

is it not the time to sell?

donal_f

I too am very interested in buying some physical silver bars. Potentially £10k or more. However, I agree that the VAT makes it a bit of no-no. In addition to the challenges of carrying that much weight home on a flight, I'm not sure how easy it would be to find a trust-worthy seller in another country? While its not my preference, I think I'll have to go for an ETF.

hallmark

I was under the impression that the best way to buy silver was in a vault in Australia rather than owning the physical stuff (could be wrong,thats just how I remember it....)?