500oz Silver To Buy A House

Out,_Vile_Jelly

To be fair, Dirk Rambo is a great sockpuppet name.

RDB

heffsta wrote: »

I can't see how people will pay £20 on ebay when they can buy for about £17 of a bullion dealer? :money:

I wish I could get the stats of people buying these second hand coins etc off ebay. I just can't see the exit strategy if silver prices rise/fall and you are trying to sell these physical coins. VAT is a killer for silver for me.

In my experience prices are about the same. Sometimes people pay a little more privately because of exactly that privacy.

The VAT issue has been proved without any shadow of a doubt. Really2 has been over and over this. The fact is to buy or sell in the private market is similar prices to buying new and paying VAT. But there is no VAT in the private market.

Yet people still think because you have to pay VAT on new silver you have to wait until its gone up 17.5% before you are in profit.

Let me ask you, if you buy a NEW Silver maple leaf for about 15 and pay VAT on top making the total about 17, are you really happy to sell it for less than 17? No and the same with other silver investors. You can easily sell it privately for 17 and not have to pay VAT, or in a little while 20+ or however much silver goes up.

Im not worried about confiscation because no one knows I bought my bullion or where its kept. But the fact is governments have confiscated precious metals in the past. Also who knows what changes in the law may come in, maybe trying to tax you on future profits.

The beauty of holding bullion yourself is that its out of the hands of the bankers et al.

Take this BP disaster for example, how many investments and pensions are going to be affected? A similar crisis could happen to any company or stock. Yes you can diversify but still its out of your hands. The whole system is rigged, the small time investor is viewed as the plankton by the big fish who are on the inside.

With silver bullion in your posession its not out of your hands anymore.
I have bought my Silver Bullion at rock bottom prices. Even though its doubled since I bought it, its still currently bellow mining costs. As that video says you cant have something as essential as silver bellow mining costs for long. Especially when there is now less silver available than gold.

So to all those making up childish slurs about precious metal investors, how about researching and coming up with an argument that has substance?

Does anyone disagree that there is now less silver than gold?

If you disagree that silver is more rare than gold I would love to discuss it with.

Really2

Most of the gold is in the earths core!!!

Silver extraction


Gold Extraction

It is fairly obvious their is less gold about 10X less gets mined.

If there was less silver and it is needed so much why is it worth less??

RDB wrote: »

Let me ask you, if you buy a NEW Silver maple leaf for about 15 and pay VAT on top making the total about 17, are you really happy to sell it for less than 17? No and the same with other silver investors.

Let me ask you if you could buy a new one for £15+VAT why would you buy a second hand one for more?
If you had to get rid of 50,000 because silver was falling off a cliff what would you get for them? Ex VAT new cost minus a couple of % at best.

Dirk_Rambo

RDB wrote: »

So to all those making up childish slurs about precious metal investors, how about researching and coming up with an argument that has substance?

.

I agree. but more fool them. we''ll be in clover and they'll all still be potless.
so do you think I'd possibly be better off putting the majority of my investment in silver rather than gold. or what about a 50/50 split?

Really2

Dirk_Rambo wrote: »

I agree. but more fool them. we''ll be in clover and they'll all still be potless.
so do you think I'd possibly be better off putting the majority of my investment in silver rather than gold. or what about a 50/50 split?

Take a picture of your shirt and post it on here to remind yourself of it.
How did you find the forum? Why not talk about it on the investments board?

RDB

Really2 wrote: »

Yes most of the gold is in the earths core.

Silver extraction


Gold Extraction

It is fairly obvious their is less gold about 10X less gets mined.

If there was less silver and it is needed so much why is it worth less??

Because the price has been supressed. But as that interview I posted says the investigation into the price supression is nearing its end. When it revalues itself to its true free market value then we will see what its worth.

Gold doesnt get consumed like silver does. Nearly all the gold ever mined is still in the world.

Silver gets used up just like oil gets used up. Look at my sig, in electronics alone in the last 65 yrs more than half of all silver has been consumed. Thats just electronics, silver gets used up in industry in huge quantaties every year.

More silver get consumed every year than is mined or recovered from recycling.

This is why silver stockpiles have been getting used up. Now there is hardly any silver stockpile left in the world.

This is the reason why the experts are saying that silver is more rare than gold.

Really2

RDB wrote: »

Because the price has been supressed. But as that interview I posted says the investigation into the price supression is nearing its end. When it revalues itself to its true free market value then we will see what its worth.

Gold doesnt get consumed like silver does. Nearly all the gold ever mined is still in the world.

Silver gets used up just like oil gets used up. Look at my sig, in electronics alone in the last 65 yrs more than half of all silver has been consumed. Thats just electronics, silver gets used up in industry in huge quantaties every year.

More silver get consumed every year than is mined or recovered from recycling.

This is why silver stockpiles have been getting used up. Now there is hardly any silver stockpile left in the world.

This is the reason why the experts are saying that silver is more rare than gold.

So you agree I am right then there is more silver than gold and you were wrong.;)

with silver production increasing and gold decreasing you may have bet on the wrong horse.

Can you show me where we are using more silver than mined every year?

I think you have brought in to the "magic Beans" of it all.

Silver is nothing like oil, I take it your silver is still there and not gone off?

I work in IT and in reality silver is being used less and less not more and more.

Optical technology is far better for fast low loss transmission now, you will see optical based boards and cpu's not to far away now.

RDB

Really2 wrote: »

So you agree I am right then there is more silver than gold and you were wrong.;)

with silver production increasing and gold decreasing you may have bet on the wrong horse.

Can you show me where we are using more silver than mined every year?

Where do you think I agree that gold is more rare than silver?

Like I said nearly all the gold ever mined is still in the world. It doesnt get used up like silver does.

Every year the amount of gold in the world is going up. Every year the amount of silver in the world is going down.

Start with the CPM group for stats about gold and silver stockpiles around the world. I pay for their yearly report, Im happy to share the info with you.

But thanks Really2 you are coming up with good info.

The interesting thing about silver is that 70% comes as a byproduct of other metals. So they dont get a choice to stop mining it, no matter how much they push the price down.


I see you have edited your post.

About electronics there is nothing that can replace silver. Its the best electrical conductor in the world. As the world needs more PCs and phones etc, the demand for silver is going up. We just cant have these things without silver.

As the millions of once poor in China keep on becoming rich they want the western lifestyle. This includes the latest TV and DVD player. They want computers and cell phones, all these things cant be made without silver.

Dirk_Rambo

Out,_Vile_Jelly wrote: »

To be fair, Dirk Rambo is a great sockpuppet name.

forgive me but what is a "sockpuppet"? I am unfamiliar with this phrase

phil_b_2

I've been hearing the same stuff from gold and silver bugs for years now. It's getting real old.
If either do ever explode in price and loads of regular folk become mega rich overnight I will certainly take my hat off to them and applaud. I don't think I'll ever see that day though.