Where to buy physical Gold/Silver Bullion at Market price?

Section62

bery_451 said:

Section62 said:

bery_451 said:

Speculating on gold or any other commodity isn't a sensible way for anyone to get themselves out of poverty.

Anyone who really wants to help people in poverty out would be better off volunteering at a foodbank or shelter.  Or just donating more of their wealth to charities with expertise in helping people get their life back on track.

According to official history when Judas betrayed Jesus and sold him out to the Romans for 30 pieces of silver, was Judas speculating at the silver price at the time? How can you associate the word 'Speculate' with established money that was used in human history for thousands of years and the official money used in holy books that is gold & silver. 
...

Not sure that is an "official history" as such.  But comparing biblical times to now when seeking a solution to poverty isn't meaningful.

Walking into Tesco's and expecting to get your weekly shop for 30 pieces of silver isn't going to work, just as Judas offering his iPhone for contactless payment wouldn't have got him very far. (perhaps more likely stoned to death for witchcraft?)

'Speculate' because unless you are a manufacturer, thats about all you can do with precious metals, other than collect items manufactured from them for the sake of collecting such items.  "History" is just that, history.

artyboy

Section62 said:

bery_451 said:

Section62 said:

bery_451 said:

Speculating on gold or any other commodity isn't a sensible way for anyone to get themselves out of poverty.

Anyone who really wants to help people in poverty out would be better off volunteering at a foodbank or shelter.  Or just donating more of their wealth to charities with expertise in helping people get their life back on track.

According to official history when Judas betrayed Jesus and sold him out to the Romans for 30 pieces of silver, was Judas speculating at the silver price at the time? How can you associate the word 'Speculate' with established money that was used in human history for thousands of years and the official money used in holy books that is gold & silver. 
...

Not sure that is an "official history" as such.  But comparing biblical times to now when seeking a solution to poverty isn't meaningful.

Walking into Tesco's and expecting to get your weekly shop for 30 pieces of silver isn't going to work, just as Judas offering his iPhone for contactless payment wouldn't have got him very far. (perhaps more likely stoned to death for witchcraft?)

'Speculate' because unless you are a manufacturer, thats about all you can do with precious metals, other than collect items manufactured from them for the sake of collecting such items.  "History" is just that, history.

If the OP is going down that route, then I fully expect the Parable of the Talents to come next, because that 'official history' also shows that speculating is the only way for your immortal soul to head upstairs...

dont_use_vistaprint

bery_451 said:

Hi,

Looking to buy from a reputable place/website, preferably at market price or cheapest prices not asking price and do I have to pay VAT?

Discount available for bulk purchases?

Also which website abroad is reputable if abroad is cheaper and what taxes am I liable for importing?

Basically looking to buy at the cheapest price safely.

Depending on how much  you are  buying  surely it makes more sense to jump on a cheap flight to Dubai & get it vat free at close to the spot? 

Regarding the comments above about selling always make sure you get proper certificates and receipts when buying gold, the receipts in the gold souk or gold & diamond park  will be stamped by the seller and signed and dated. They will show the per gram price and the total price & weight and they should be a member of the retail gold Association , search city of gold Dubai for members & suggested daily retail price. You can also buy at 'spot price only' stores if you want more interesting items but it will be 22K often not 24k.

Personally I've had no issues bringing 1/2 and 1.0 kg blocks of silver in hand luggage on emirates , gold blocks above a few grammes  I wouldn't risk and bring 18k wearables,  simple bold designs to reduce the make price nothing fancy if it's for investment 

ColdIron

dont_use_vistaprint said:

bery_451 said:

Hi,

Looking to buy from a reputable place/website, preferably at market price or cheapest prices not asking price and do I have to pay VAT?

Discount available for bulk purchases?

Also which website abroad is reputable if abroad is cheaper and what taxes am I liable for importing?

Basically looking to buy at the cheapest price safely.

Depending on how much  you are  buying  surely it makes more sense to jump on a cheap flight to Dubai & get it vat free at close to the spot? 

You can get gold bullion close to spot and VAT free in the UK

What Dubai does well is gold jewellery, that can be much cheaper as workmanship costs are much higher here than Asia where it is negligible. Though even with this you'd need to purchase a large amount to cover a return flight. Maybe worth it if you are passing through

bery_451

https://forums.moneysavingexpert.com/discussion/comment/81808137#Comment_81808137

On the contrary only 1 silver coin now can get you your weekly shop.

Speculation can happen on anything. From your health to when you think you will die or what results you get at exams. Even weather can be speculated lol, theres even speculation on the $usd dollar itself, nothing is accurate/truth/facts except mathematics and that's where Bitcoin comes in backed by hard mathematics.

Bitcoin & its sats can pay your weekly tesco shop unless tesco shareholders oppose this and its shareholders are happy to still getting dividends in crappy dying fiat currencies such as gbp or usd.

Of course who can shave off a micro miligram off their gold bar to pay for a coffee at tesco, not practical so thats where bitcoin comes in especially this day and age plus if someone comes to your shop with gold & silver coins as payment then how you know they are fake or real? Again only bitcoin can solve this fake or real issue with hard backed mathematics. Truth is the most valuable thing in the universe and Bitcoin is a branch off Truth via mathematics.

Gold & silver are good for storing wealth but not for payments in this day and age. Bitcoin is good for storing wealth and payments too. So Bitcoin is more efficient than Gold but both are good but Gold just looks better to the eyes than mathematics represented by code on a screen lol.

Also Gold & Silver have a lot of paper IOU derivative contracts such as ETF's & ETC's that not backed by the real metal. BlackRock launched Bitcoin ETF's but these bitcoin IOU paper derivatives are not backed by the real bitcoins however the bitcoin blockchain is public and its mathematics & code is verifiable by anyone unlike like Gold & Silver paper IOU derivatives that instead say 'Trust me Bro'. Bitcoin requires no Trust as its Trust itself.

There's a old saying 'Beauty can deceive over Truth'. Never forget this. Not saying Gold & silver are deceiving unless they are fake or course lol.

bery_451

Buying foreign

https://forums.moneysavingexpert.com/discussion/comment/81809157#Comment_81809157

Buying foreign precious metals bullion coins or bars abroad or even in the UK that do not have the picture of British queens or kings heads on it means if you sell them later to a reputable dealer in the UK then the dealer will report you to HMRC and you will be liable to CGT Capital Gains Tax in the UK if of course you sell them at a profit.