Buying silver

Haz619 · 17-05-2017 10:00am #1

Hi all I know there are some threads already on this, but they are all out of date.

I want to start collecting silver coins and bars, in the us there are several places to get them firstly just over spot but secondly with free postage.

Is there anywhere you can buy from where for example one coin you won't be paying like 40€ for one coin by the time you actually receive it?

Thanks in advance

Haz619 · 20-05-2017 11:59pm

Anyone have any ideas?:)

bogwarrior · 24-05-2017 10:27am

contact goldbank.ie ,1oz coin is about E20.50 . arrange to pick them up at no charge . check out their web site , its easy really .

Haz619 · 24-05-2017 10:59am

Thank you, though I live in Waterford

bogwarrior · 24-05-2017 11:52am

ye , i got a few posted out still worked out better than ebay or the like .
think it was E19. to post , i cant find better value around .

Haz619 · 24-05-2017 12:14pm

There is coininvest 20 they seem decent aswell

Mach Two · 05-07-2017 10:04am

Out of curiosity. What does it cost to get a silver 1kg silver bar posted to you.

pro_gnostic_8 · 05-07-2017 11:19am

Haz619 wrote: »

I want to start collecting silver coins and bars, in the us there are several places to get them firstly just over spot but secondly with free postage.

But in Ireland you're paying 23% above spot due to V.A.T., no?
Across the E.U. VAT is payable on silver bullion and coin (except Estonia) which to my mind results in an investor always trying to play catch-up. You require a price increase in the price of silver of 23% just to break even on your investment -- tall order.

Of the rare minerals, gold strikes me as a more efficient investment vehicle (no VAT).

But it's your gameplay at the end of the day.

:)

Mach Two · 05-07-2017 2:33pm

pro_gnostic_8 wrote: »

But in Ireland you're paying 23% above spot due to V.A.T., no?
Across the E.U. VAT is payable on silver bullion and coin (except Estonia) which to my mind results in an investor always trying to play catch-up. You require a price increase in the price of silver of 23% just to break even on your investment -- tall order.

Of the rare minerals, gold strikes me as a more efficient investment vehicle (no VAT).

But it's your gameplay at the end of the day. :)

Are you actually saying that you pay vat on silver and not gold. Why so?

pro_gnostic_8 · 05-07-2017 2:48pm

Yes indeed, within the E.U., VAT is levied on silver ingots and coins at the national rate of the particular country where it is bought or sold. (Estonia is alone in not having VAT on silver).
There is no VAT on investment gold within the E.U.

bren2002 · 05-07-2017 3:39pm

Bullionvault.com is also an option. You don't get physical possesion but you do get to invest in bullion.

Mach Two · 05-07-2017 10:35pm

I am thinking that now is not a good time to purchase gold. Prices seem quite high. Any advantage to going to the UK for it. As in currency exchange rates.

pro_gnostic_8 · 06-07-2017 10:20am

I'm inclined to agree with you. Anyway, having gold is a bit like watching paint dry -- no real excitement of wild swings etc.
And I don't think there is much material advantage in going to the UK for it.

I like silver, but I'm not prepared to buy it with a built-in 23% VAT charge on it.

Mach Two · 06-07-2017 3:23pm

If you did buy silver vat included would you get the vat back when you sell it. As for gold I wouldn't mind buying it and putting it in to deep storage. But at today's price it seems to be at the top of the curve. Is gold cheaper in other countries outside of the e.u..

Roonbox · 06-07-2017 4:03pm

Ive been a believer in Silver for a number of years - for trading -
I was in the rally in 2011 up to high 40's and believe we will see 100 in the coming years.
I am a buyer on pullbacks

Mach Two · 06-07-2017 5:48pm

Roonbox wrote: »

Ive been a believer in Silver for a number of years - for trading -
I was in the rally in 2011 up to high 40's and believe we will see 100 in the coming years.
I am a buyer on pullbacks

So you reckon paying 23% vat is ok. Or would you make vat free purchase. What is a pullback.

Mach Two · 06-07-2017 5:56pm

pro_gnostic_8 wrote: »

I'm inclined to agree with you. Anyway, having gold is a bit like watching paint dry -- no real excitement of wild swings etc.
And I don't think there is much material advantage in going to the UK for it.

I like silver, but I'm not prepared to buy it with a built-in 23% VAT charge on it.

When the UK leaves the EU will it be possible to buy silver without paying vat on it.

gavmcg92 · 08-07-2017 4:42pm

pro_gnostic_8 wrote: »

But in Ireland you're paying 23% above spot due to V.A.T., no?
Across the E.U. VAT is payable on silver bullion and coin (except Estonia) which to my mind results in an investor always trying to play catch-up. You require a price increase in the price of silver of 23% just to break even on your investment -- tall order.

Of the rare minerals, gold strikes me as a more efficient investment vehicle (no VAT).

But it's your gameplay at the end of the day. :)

Are the profits for the sale of gold subject to CGT then?

Mach Two · 19-07-2017 12:52pm

When selling silver do you get spot price or a fraction less. If less what percentage less.

CCMYPLAYMATE · 23-09-2017 10:22am

Don't know if your interested in this

http://www.adverts.ie/13821732

Haz619 wrote: »

Hi all I know there are some threads already on this, but they are all out of date.

I want to start collecting silver coins and bars, in the us there are several places to get them firstly just over spot but secondly with free postage.

Is there anywhere you can buy from where for example one coin you won't be paying like 40€ for one coin by the time you actually receive it?

Thanks in advance

bilbot79 · 04-03-2020 11:15pm

If you get Vat free silver posted from Estonia and sell it here do you have to pay the vat here?

Buying silver

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