silver price manipulation whistle blower assassination attempt

Really2

RDB wrote: »

Everyone moans about us countries that have to pay VAT on silver, but actually its an advantage.

As the silver price goes up its goes up with another 17.5% on top from what you bought it at.

No it does not,

A company that is VAT registered can but silver at £13.50 oz ex VAT off the markets.

They will not buy it off someone not VAT registered for £15.86 oz. because they can't claim the VAT back.

If they sold at buy price of £13.50 EX VAT that has £0 VAT to repay.

In your senario they would sell £13.50 EX VAT and have to pay the government £2.36. Making a loss of £2.36 per oz)

So basically silver is only worth an EX vat price on the open market charging vat when not VAT registered is illegal.

But if you can show me where someone will buy 10,000oz of silver for 17.5% more than todays EX VAT value I am prepaired to be convinced.


VAT liability = Output VAT - Input VAT.
There is no profit or loss on VAT for sellers or buyers. it is a tax gathered on behalf of HMRC by VAT registered companys.

RDB

Take bullionbypost.com as an example. This is for 1 silver maple leaf.

http://www.bullionbypost.co.uk/silver-coins/canadian/canadian-maple-1oz-silver-coin/

QTY Net* VAT* Gross*
1+ £19.49 £3.41 £22.90

You pay £22.90 for a brand new one including VAT.

If you wanted to sell it on ebay you will get something like 23 - 25 quid for it, but you dont have to pay VAT because its now 2nd hand.

I know if you buy from outside the UK then you can find Maple leafs for less than £20. But try getting it into the country and see the total cost.

If you can buy a genuine silver maple leaf for less than 20 quid then go for it. You can sell it for more easily. Be careful they often make more on postage so charge less for the silver. Some have charges as high as $15 to send to the UK and did you know you then have to pay import tax AND VAT on top of everything. All my silver I sell is already in the UK nothing else to pay. The price I quote is the final figure including insured delivery.

Of course paper silver investments are quick and easy. They will do everything they can to get you to buy paper and make it as difficult as possible to get real silver.

Gold ETFs try to lure Indians away from metal and into paper
http://gata.org/node/8645

Ask yourself what happens when the silver price really takes off, are they able to quickly get hold of the millions of oz`s of real physical silver? Or will they default and you will be one of the thousands of creditors that they cant afford to pay.


Oh and if you quietly sell a little silver here and there you dont have to pay cap gains tax. I dont do it as a business, just sometimes sell my personal things, nothing wrong with that.


Thats the beauty of physical silver its private, and keep it out of other peoples hands. Not if you buy fools paper gold and silver.

Really2

RDB wrote: »

Take bullionbypost.com as an example. This is for 1 silver maple leaf.

http://www.bullionbypost.co.uk/silver-coins/canadian/canadian-maple-1oz-silver-coin/

QTY Net* VAT* Gross*
1+ £19.49 £3.41 £22.90

You pay £22.90 for a brand new one including VAT.

If you wanted to sell it on ebay you will get something like 23 - 25 quid for it, but you dont have to pay VAT because its now 2nd hand.

£19.95 on ebay. And I believe preston is in th UK.
http://cgi.ebay.co.uk/2009-Silver-Bullion-Maple-1oz-Tower-Bridge-Privy-/280361866322?cmd=ViewItem&pt=UK_Coins_Bullion_Bars_SM&hash=item4146de9452#ht_3335wt_893

You will not get more than market price unless it has been turned in to anything EG adding value. (also have you not thought people collect coins?)

No company will ever buy scrap silver for more than it's EX VAT market value.

Thanks for proving me right.;)


I suggest acquaint yourself with VAT, your lack of knowladge on it could cost you some money.

RDB

Really2 wrote: »

£19.95 on ebay. And I believe preston is in th UK.
http://cgi.ebay.co.uk/2009-Silver-Bullion-Maple-1oz-Tower-Bridge-Privy-/280361866322?cmd=ViewItem&pt=UK_Coins_Bullion_Bars_SM&hash=item4146de9452#ht_3335wt_893

You will not get more than market price unless it has been turned in to anything EG adding value. (also have you not thought people collect coins?)

No company will ever buy scrap silver for more than it's EX VAT market value.

Thanks for proving me right.
http://cgi.ebay.co.uk/2009-Silver-Bullion-Maple-1oz-Tower-Bridge-Privy-/280361866322?cmd=ViewItem&pt=UK_Coins_Bullion_Bars_SM&hash=item4146de9452#ht_3335wt_893

Total price as I said about £23 (they always make a bit on postage).

Thanks for proving me right :rotfl:

heffsta

RDB wrote: »

Take bullionbypost.com as an example. This is for 1 silver maple leaf.

http://www.bullionbypost.co.uk/silver-coins/canadian/canadian-maple-1oz-silver-coin/

QTY Net* VAT* Gross*
1+ £19.49 £3.41 £22.90

You pay £22.90 for a brand new one including VAT.

If you wanted to sell it on ebay you will get something like 23 - 25 quid for it, but you dont have to pay VAT because its now 2nd hand.

I know if you buy from outside the UK then you can find Maple leafs for less than £20. But try getting it into the country and see the total cost.

If you can buy a genuine silver maple leaf for less than 20 quid then go for it. You can sell it for more easily. Be careful they often make more on postage so charge less for the silver. Some have charges as high as $15 to send to the UK and did you know you then have to pay import tax AND VAT on top of everything. All my silver I sell is already in the UK nothing else to pay. The price I quote is the final figure including insured delivery.

Of course paper silver investments are quick and easy. They will do everything they can to get you to buy paper and make it as difficult as possible to get real silver.

Gold ETFs try to lure Indians away from metal and into paper
http://gata.org/node/8645

Ask yourself what happens when the silver price really takes off, are they able to quickly get hold of the millions of oz`s of real physical silver? Or will they default and you will be one of the thousands of creditors that they cant afford to pay.


Oh and if you quietly sell a little silver here and there you dont have to pay cap gains tax. I dont do it as a business, just sometimes sell my personal things, nothing wrong with that.


Thats the beauty of physical silver its private, and keep it out of other peoples hands. Not if you buy fools paper gold and silver.

A quick question, if silver price has now suddenly shot up to say $100/oz how are you going to sell all your physical silver? where is the demand for it going to be generated?

Really2

RDB wrote: »

Total price as I said about £23 (they always make a bit on postage).

Thanks for proving me right :rotfl:

Postage is not a value it is the cost to get to you, you idiot.

If you collect it is £19.95:rotfl:

Jesus, you are going to get hammered.

RDB

Really2 wrote: »

Postage is not a value it is the cost to get to you, you idiot.

If you collect it is £19.95:rotfl:

Jesus, you are going to get hammered.

Oh and to drive there to collect it is going to be cheaper than £3?

As I said often they charge less for the silver because they make a profit from the postage. It only cost 30p to send a 1oz silver coin in the UK. Thats what I always do for my customers and get a proof for sending it from the post office. Never had any problems.

Be careful who you call an idiot when you keep proving me right.

RDB

heffsta wrote: »

A quick question, if silver price has now suddenly shot up to say $100/oz how are you going to sell all your physical silver? where is the demand for it going to be generated?

The illistration I like is a flock of birds suddenly changing direction.

Thats what would need to happen for silver to go over 100 per oz.

When the masses sudenly start buying silver in a frenzy then it will be easy to sell it a little at a time.

Im not saying that will happen, but gold is looking very expensive and when people hear that silver is actually more rare than gold (this is a fact) people will conclude that $50 silver has more chance of doubling than $2000 gold.

Really2

You can not sell one for more than £19.95 if some one wants to collect it or not it is market price.


Your unwillingness to understand this and Vat is going to cost you a lot of money one day.

Postage is compleatlly irrelevent to worth!!
But he only charges 51p delivery for each coin after.:D (looks like I could buy cheaper than you.:))

The seller is sending 1st Class recorded delivery, add to that jiffi bag and time going to the post office. But carry on believing.

RDB

Really2 Im not going to argue any more.

You can be bearish about silver if you want that is your choice. But why are you on this thread?

You have clearly made my point very well, that to buy 2nd hand silver is about the same price as new including VAT.