silver price manipulation whistle blower assassination attempt

sabretoothtigger

Star Wars snowstorm paperweight

Nice buy, star wars figure prices have outperformed gold since 1977

Cleaver

MrEnglish wrote: »

So can anyone find a 1kg Metalor bar cheaper than £538.15?

Oooh, do they still do Metalor Bars? That takes me back to my childhood. I thought they'd died a death along with Wispas and Fry's Orange Creams, but all these old chocolate bars seem to be making a comeback.

Really2

MrEnglish wrote: »

So can anyone find a 1kg Metalor bar cheaper than £538.15?

But can you then sell that for £538.15+VAT like some make out on here or for £458+VAT? (I would say the latter, why would you pay more second hand than you can buy new??)

But how about £525.11?
http://www.coininvestdirect.com/en/silver_bullion/silver_bullion_1kg_heraeus_or_other_manufacturere_oder_andere_hersteller.html?country_id=225

novazombie

Really2 wrote: »

But can you then sell that for £538.15+VAT like some make out on here or for £458+VAT? (I would say the latter, why would you pay more second hand than you can buy new??)

But how about £525.11?
http://www.coininvestdirect.com/en/silver_bullion/silver_bullion_1kg_heraeus_or_other_manufacturere_oder_andere_hersteller.html?country_id=225

Thats not the same bar. Also that is a dealer, if you sold that bar in the private market you would get more than that. But if you buy from that dealer you have to pay customs on top because thats not a UK dealer.

Heraeus bars are cheaper because they are only 99% silver. Metalor and Umicore bars are 99.9% silver and more easily recognised. You have to compare apples for apples.

I have sometimes seen silver bullion on gumtree, always for more than the cost of dealers with VAT on top.

The question is can you sell for more than the dealers sell? Obviously if you want cash quickly the same day you have to sell to a dealer who will give you a rubbish price. Also its not private, there is a record of you selling silver, if you sell to a dealer you are foolish.
If you advertise yourself for about the same price all the other private sellers are charging it may take a little longer but you will get what its worth. Also you have the advantage of a private cash sale. Thats the real beauty of owning physical bullion its private.

With stock shotages and long waiting lists there are more buyers than sellers now. With worries about the Euro etc demand is only getting stronger and supply getting scarcer.

So has the point been proved now that the private market is higher average price with no VAT than the new market with VAT? Or can anyone find a Metalor bar cheaper than £540? or a cheaper brand silver bar less than £525.11?

Anyway when it comes to selling your silver you want to see the average price that everyone else is selling the same silver for. This is what your silver bullion is worth.

"why would you pay more second hand than you can buy new??"

Because there are shotages and more demand than supply. Its also private and no record of the transaction.

http://www.youtube.com/watch?v=sBk5rX8tZfw&playnext_from=TL&videos=yMc0bYNWyCE

Harry_Powell

WHat happens when the silver price crashes (please see historical price graph to know that this happens) and you have to bail out fast? Can you afford to wait for your ebay auction to bear fruit, can you wait for Bill down the pub to buy that 5kg bar?

It's easy to think you're some sort of financial guru when you're buying and selling in a rising market - look at all the property 'experts' who thought they'd make their fortune, look at all the stock market guru's in the dot com boom.

The fact is that in all ventures, you need to have an exit strategy. If yours is to sell stuff on ebay in a falling market, then you're going to lose your shirt. This is why I'm against you lot coming onto the housing boards trying to flog silver to people who should know better. If it's too good to be true, then it probably isn't.

Really2

novazombie wrote: »

Thats not the same bar. Also that is a dealer, if you sold that bar in the private market you would get more than that.

OK so Mr English has got 50,000oz of silver. What can you sell that for if you need to liquidate it in one day.

What price do you get for selling in one day? who do you sell to? links would be nice.

The second hand market is not so good after all is it? This is an auction so open market .
http://cgi.ebay.co.uk/METALOR-1-KILO-FINE-SILVER-999-BULLION-BAR-1kg-1000g-/280509547012?cmd=ViewItem&pt=UK_Coins_Bullion_Bars_SM&hash=item414fac0204#ht_1227wt_993
Metalor bar sold for £530 Your ebay costs would be around 10% so I make that £477 sell price £61£ loss, so no magic second hand market by the look of it.:eek:

Just did a check and found one silver ramper.
http://hubpages.com/hub/Selling-Silver-Bullion-Where-To-Sell-Silver-Bullion

First you need to establish the current value of your silver, you can do so by visiting silverprice.org at any time to get the current base value per ounce

Google search for 'sell silver' will bring up all of the companies who have an online presence, although an alternative would be to simply visit your local traditional jewellers for an on the spot price. You should be armed with your very current value, and your only aim should be to achieve a sale at as close to that price as possible.

So surprise it is worth a bit less than current ex VAT price.
http://www.thegoldbullion.co.uk/?url=buyback-guarantee

We promise to pay 98% of the daily London gold price fix to buy back your gold and 98% of the daily London price fix to buy back your silver.

But at least on the same site you can buy a bit more that you can sell for less
http://www.thegoldbullion.co.uk/buy-silver-bullion/1kg-silver-bar
Metalor £518.30 Inc VAT.

I like Harry look forward to hearing some exit plans on this.

Harry_Powell

Really2 wrote: »

I like Harry look forward to hearing some exit plans on this.

I think we'll be waiting for a while. I can understand people buying tax free gold, because the brokerage price can be easily absorbed by gains in the market, especially if you buy in bulk, but silver has to rise by 17.5% before they break even, then it also has to rise enough to cover the brokerage.

These guys cannot afford to buy gold in any significant quantities and so have fooled themselves into thinking that much cheaper silver will provide them with the same sort fo returns. It's not difficult to see that they simply haven't done their sums on this and are going to get burned when the market turns. They're making a bob here and a bob there by selling small amounts to fools on here, but one has to ask if it's worth the risk of significant losses if the market turns (and it will, they always do!)

chucky

the Ebay auction that you posted up the other day has closed now

do you have any new auctions on Ebay that I can puchase these bars of silver from?

Really2

Harry_Powell wrote: »

I think we'll be waiting for a while. I can understand people buying tax free gold, because the brokerage price can be easily absorbed by gains in the market, especially if you buy in bulk, but silver has to rise by 17.5% before they break even, then it also has to rise enough to cover the brokerage.

I think most do not understand VAT at all. Most seem to think it is a magic profit and not actually a TAX collected buy VAT registered companies on behalf of HMRC.
I would love to see where you can sell 50,000oz for £538.15 if you are not registered (but even if you are VAT registered you are only selling at £458, well not even that you would have to sell at 2% less).

Some think you make 17.5% every time you sell it. If only business was such a magic money making scheme.:D

Harry_Powell

I wonder if they have considered that the increase to 20% VAT may effectively kill the UK silver market?

Silver is tax free in many countries and has low VAT levels in many others. The UK would therefore be one of the most expensive places in the world to buy silver. I mean, what's the point?

These guys are relying on mutual fools who don't understand VAT, but believe me, once VAT hits 20% or more, we'll all be experts on VAT!