Best way to buy Gold bars or coins?

tradetime

RDB wrote: »

The advantage is selling privately 2nd hand you dont have to pay CGT or VAT or anything if you keep it quiet.

There is risk either way, holding paper or physical.

If you hold physical you have the risk of losing it somehow, you could be tortured or your family threatened so you tell where its buried etc....

But with paper silver investment (anything other than holding the physical is paper investment, ETF`s allocated or unallocated certificates) you always have the risk of is whoever made the paper promise reliable.

If things go Mad Max I would prefer physical buried in several safe locations myself.

The interesting thing about Gold and Silver is that it gets dug out of the ground by someone and then bought and buried again.

LOL, I think you actually sum up the dilemma quite well, the gold bugs rely on the fairy tale world where things get just so bad that gold / silver become the ultimate possession, but not so bad that society breaks down completely. Joe Average, isn't Mad Max, therefore he will just be minding the gold until someone comes along to take it off him, be that a Mad Max, or a Mad President.

crazygaijin

novazombie wrote: »

Do you think this would be a good buy for 10K?

http://cgi.ebay.co.uk/JOHNSON-MATTHEY-Silver-Bullion-1000-oz-Bar_W0QQitemZ260416446732QQcmdZViewItemQQptZCoins_Bullion?hash=item3ca207a10c&_trksid=p3911.c0.m14&_trkparms=72%3A1683%7C66%3A2%7C65%3A12%7C39%3A1%7C240%3A1318%7C301%3A1%7C293%3A1%7C294%3A50

Its harder to sell the big bars, the small ones cost more but you can just sell them easier.

Yes thats right it seems cheap only just over spot price but hard to sell. If you bought the same amount of silver in 1 or 5 KG bars it would be worth a lot more.

Also Im not sure if what has been said on here is right. If you did buy that 1000 troy oz bar from the USA you would have to pay 15% VAT. The same with http://www.guernseymint.com/ if you go over on the ferry or fly over you have to declare it.

You could try on your own boat and maybe you would get away with it but its breaking the law.


Can someone confirm one way or the other if you buy 2nd hand silver bullion on Ebay from abroad, do you have to pay VAT to bring into the UK?

sabretoothtigger

tradetime wrote: »

Haven't seen one of those either, but will keep a look out, Marc Faber had mentioned some of the juniors a little while back as being interesting, a single one he mentioned was Ivanhoe which trades on the TSX. I personally would be a little wary of the juniors as they are less well capitalized, have less proven resources and I don't know what the failure rate of these would be. ETF's live and die by volume, I suspect the area may be a little too specialized for an ETF provider to set up shop, but then who knows, where there's interest there's money, I shall keep a look out.

I saw that, Faber apparently has an interest in Ivanhoe and they operate or hope to ,in mongolia



Just came across the worlds biggest silver miner and only mexican company quoted on the LSE, Fresnillo

http://en.wikipedia.org/wiki/Fresnillo_plc


Time has probably passed on this one, floated at 500p and fell to 90p and now its 700p with yield below 1%. They are going to expand with the IPO funding and Ive no idea on their value might be a bargain but doesnt look it

silver and gold mining does seem to be heavily related

34.3 million ounces of silver and 279,614 ounces of gold, as well as around 20 tons each of zinc and lead

Nylontokyo

crazygaijin wrote: »

Yes thats right it seems cheap only just over spot price but hard to sell. If you bought the same amount of silver in 1 or 5 KG bars it would be worth a lot more.

Also Im not sure if what has been said on here is right. If you did buy that 1000 troy oz bar from the USA you would have to pay 15% VAT. The same with http://www.guernseymint.com/ if you go over on the ferry or fly over you have to declare it.

You could try on your own boat and maybe you would get away with it but its breaking the law.


Can someone confirm one way or the other if you buy 2nd hand silver bullion on Ebay from abroad, do you have to pay VAT to bring into the UK?

The prices in Guernsey mint are about the same as Ebay anyway.

I would love to know the answer, has anyone bought silver from ebay from abroad? Do you have to pay VAT on top?

Stavros_3

What do you think to this for a 2009 gold proof sovereign, way below Royal mint, Chard, Baird etc? a good deal or not?
Gold Sov

cloud_dog

sabretoothtigger wrote: »

I saw that, Faber apparently has an interest in Ivanhoe and they operate or hope to ,in mongolia



Just came across the worlds biggest silver miner and only mexican company quoted on the LSE, Fresnillo

http://en.wikipedia.org/wiki/Fresnillo_plc


Time has probably passed on this one, floated at 500p and fell to 90p and now its 700p with yield below 1%. They are going to expand with the IPO funding and Ive no idea on their value might be a bargain but doesnt look it

silver and gold mining does seem to be heavily related

Sabre, this was one of my recent 'lucky' ones, got in at £1.11 and out at £6.54, although recently they have pushed £7. Hoping they will fall back now.

Yoshua

Why does everyone make a big deal about VAT on silver bullion?

If you are VAT registerd you can get it back anyway.

Also about Guernsy you can go over on the ferry and buy it and take back as much as you like. You dont have to pay VAT on it.

Correct me if I need it.

cloud_dog

Yoshua wrote: »

Why does everyone make a big deal about VAT on silver bullion?

If you are VAT registerd you can get it back anyway.

.... and how many individuals are VAT registered?

sabretoothtigger

cloud_dog wrote: »

Sabre, this was one of my recent 'lucky' ones, got in at £1.11 and out at £6.54, although recently they have pushed £7. Hoping they will fall back now.

dam you lucky son of a gun.

I only see these things after. I think theres a case for selling now and setting up a regular buy back in over time as they settle for another rise

Dont know of any other silver related stocks or etfs do you, I can only find usa ones or obscurely quoted and unbuyable ones.

aal is about all I can think for mining. I remember that phrase, the guys to invest in the gold rush were the ones selling the shovels. I think power or energy is a related cost of mining and that seems relatively cheap


Stavros, thats a collectors coin. The going rate for sovs is about 155 and the cheapest ones are victorian I think. theres an offer for one at 119 also



Gold miners looking strong to 'breakout' apparently.



The orange line drawn here is vwap I think

Yoshua

cloud_dog wrote: »

.... and how many individuals are VAT registered?

OK not many.

Can anyone answer the question if you go over to Guernsey buy ferry and fill your car up with Silver, will you have to pay tax on it coming into the UK?

Its not like alcohol or fags, where you have to pay is it?