Buying silver

Cute Hoor · 16-04-2013 10:41AM

Silver gone to $22/$23, whatever happened to the $35 to $50 range. Is this a floor or is there more to go?

Roonbox · 16-04-2013 04:46PM

Cute Hoor wrote: »

Silver gone to $22/$23, whatever happened to the $35 to $50 range. Is this a floor or is there more to go?

I think there may be more to go, I am waiting for a below $20 price to get in.

Skr4wny · 16-04-2013 08:12PM

That's the million dollar question, it's hard to say, though things have stabilised a bit today.

As with gold the fundamentals remain the same. Both are becoming great value. I find the commentary on CNBC gas, you'd think they were both going to zero with no sight of a return.

DarkDusk · 16-04-2013 08:21PM

(Copied and pasted this post (my post!) form the gold thread)

What is happening in the gold and silver markets right now is due to the "hope" that the global economy (especially the US) will rebound in the second half of 2013. Let's wait and see if this "rebound" actually happens. Alongside this, a lot of weird things are happening in the gold market lately - huge sellers of gold in one day exceeding the annual production of the metal. It looks like central banks are trying to suppress gold and silver, then come out and say "Hey, the economy's recovering! And look, even gold and silver are going down!"

The fundamentals are still there, and in my opinion, the people who are patient and wait will be rewarded.

Like, seriously, people are raving about central banks (i.e. the Fed) reducing or stopping QE altogether. This cannot happen, because then interest rates will go through the roof and inflation will become a huge problem. In this scenario, people will be scared out of bonds, pissing themselves as they sell their stocks and where will they go then? Probably gold and silver.

The price of metals right now is being controlled by speculators, people who can only see one week in the future. These people do not acknowledge the fundamentals of an asset, only what today's news has to do about it. The recent moves in gold and silver have been due to pieces of news that people find worthy enough to change their mind about their investment portfolios.

It all goes back to a recovering economy. The ONLY reason the world is not underwater right now is due to low interest rates and money printing. The ECB will soon join the currency war if they continue to fail to devalue the Euro through other means (The Cyrus crisis - the only reason this happened, in my opinion, was to try to devalue the Euro without printing currency. Look at the value now, it hasn't changed!). When Draghi decides to start buying Gov bonds I think this will spark a rebound in commodity prices because it will appear that there will be no end in sight for this currency war currently underway.

My 2 cents, I'm keeping my Silver btw, and I'm not worried about the long-term prospects of my investment. In fact, I'm still very optimistic.

DarkDusk · 16-04-2013 08:30PM

Regarding Cyprus selling their gold BULLSH!T. It's official that all the speculators on Wall Street are either drunk from the new highs in stocks or are completely blind.

Cyprus has been forced to sell their gold. This led to a sell-off in gold. Hmmmm.... Is this gold going to go on the COMEX market? Hmmm... No, I don't think so! Cyprus' gold is not going to be put on the market, it will most definitely be sold directly to another country. This is BULLISH for gold, not bearish! Chances are, the gold will end up in the hands of a country that is buying gold aggressively right now. For example, the Asian countries, or more specific, China. These countries will hold onto their gold, not sell it!

Bottom line - Cyprus gold will be in stronger hands, hands that will hold on tight to its gold. This actually decreases the possible amount of gold available to be sold on the market!

Many EU countries have gold also - Portugal and Spain to name a few. If these countries are also forced to sell their the gold then the trend is gold ending up in the hands of emerging economies that are actively buying and stock-piling gold, not selling.

I just needed to straighten that out, because the reaction in the markets to Cyprus selling their gold was just hilarious to me.

dubplate · 17-04-2013 02:36PM

anyone ever purchase from thesilvermountain in Netherlands?

IsMiseJoe · 17-04-2013 04:56PM

Hi, thinking of investing in some silver. I'm a proper novice so help is needed...
Anyone deal with coin invest direct? Which coins are the best to go with?

DarkDusk · 17-04-2013 09:41PM

^^^ Read through this thread for posts about Germany, the in's and out's of buying silver have been discussed in DETAIL already. That's your best bet and I've had very good experience buying from there. Do a search for "Germany" using "Search This Thread" near the top of the page. Also search for Geiger.

Mahou · 18-04-2013 12:16AM

Couple of rolls of Philharmonics for 21.20 per coin. Splendid.
I thought the premiums might have been ramped up more than usual.

patnor1011 · 18-04-2013 06:27AM

Yeah that price is almost unbelievable. Mainly when we see that everything is going downhill, I mean banks, economies, governments, living standard...

Take it as a gift or opportunity to have something of value for future.
It is funny to see americans dumping paper contracts to lower price and indians flocking to stores buying everything what they can put hands on.

Thargor · 18-04-2013 07:26PM

Mahou wrote: »

Couple of rolls of Philharmonics for 21.20 per coin. Splendid.
I thought the premiums might have been ramped up more than usual.

Where did you get that price?

Mahou · 18-04-2013 07:36PM

Got it from a german website called gold-dreams.de. I looked today and they are out of philharmonics, eagles and maples
I can recommend Philaberlin and a website called www.stollberg-edelmetalle.de was recommended to me today. I´m told they mint the armenian coins and have best prices. Prices and delivery look good. Google translator helps

IsMiseJoe · 18-04-2013 08:01PM

Mahou wrote: »

Got it from a german website called gold-dreams.de. I looked today and they are out of philharmonics, eagles and maples
I can recommend Philaberlin and a website called www.stollberg-edelmetalle.de was recommended to me today. I´m told they mint the armenian coins and have best prices. Prices and delivery look good. Google translator helps

By having some coins sent to Ireland, is there a possibility you will be charged by Irish customs?

Mahou · 18-04-2013 08:06PM

I´m not based in Ireland so I can´t give you a concrete answer on that one. But you´ll be paying the German rate of 7% so within Europe I think you´re ok

patnor1011 · 19-04-2013 01:32AM

It was discussed extensively in this thread.
Yes, you will be charged VAT if it is posted here. You have to go there in person to pay german rate only (and bring it to state without paying extra VAT).
Nothing illegal in this. It is kinda comparable as it is with cigarettes. You can go within EU and buy as much as you want - for your personal use. You cant buy them over internet and have them posted, not a single pack.
Please read this thread, if you plan to do financial investment take your time and investigate possibilities, it is your money you want to spend.

patnor1011 · 19-04-2013 01:35AM

Thargor wrote: »

Where did you get that price?

Robbe & Berking in Germany do have one of the best prices in Germany. Respectable and reputable trader, I can recommend them from my own experience. Links in this thread couple pages back.

DarkDusk · 19-04-2013 05:52PM

patnor1011 wrote: »

you will be charged VAT if it is posted here.

*May

IsMiseJoe · 19-04-2013 06:52PM

Anyone have any dealings with The Real Asset Company? Heard about them on the Max Keiser show recently.
I've search the thread and can't seem to find any mention.

patnor1011 · 20-04-2013 10:49AM

DarkDusk wrote: »

*May

In this times of desperation I am certain govt will check every package to squeeze every last cent they can.
No point to risk or if you want to risk do it with smaller package you will see and go from there.

IsMiseJoe · 20-04-2013 04:16PM

If the package is worth €2000, what percentage will the Irish Gov charge?

DarkDusk · 21-04-2013 12:26AM

IsMiseJoe wrote: »

If the package is worth €2000, what percentage will the Irish Gov charge?

Anything from nothing (most probably) to the normal VAT rate (23% I think - not sure).

You can take the risk if you want, in my opinion you won't get caught out but that's doesn't mean you won't...

spideog7 · 21-04-2013 02:41PM

DarkDusk wrote: »

Anything from nothing (most probably) to the normal VAT rate (23% I think - not sure).

You can take the risk if you want, in my opinion you won't get caught out but that's doesn't mean you won't...

Is it not:

Import duty + VAT + VAT on shipping charges + customs fees?

DarkDusk · 21-04-2013 05:09PM

spideog7 wrote: »

Is it not:

Import duty + VAT + VAT on shipping charges + customs fees?

You've got me...

IsMiseJoe · 22-04-2013 04:22PM

Think I'll risk it with a small order. I'll post the outcome...

snowstreams · 22-04-2013 05:27PM

spideog7 wrote: »

Is it not:

Import duty + VAT + VAT on shipping charges + customs fees?

I think thats the rates for non EU items and tax havens etc. It must be lower for within the EU. Possibly just VAT on the item, and no import duty + no vat on the shipping charges.

DarkDusk · 22-04-2013 05:59PM

snowstreams wrote: »

I think thats the rates for non EU items and tax havens etc. It must be lower for within the EU. Possibly just VAT on the item, and no import duty + no vat on the shipping charges.

Exactly what I was thinking, but I'm no expert on this side of things - I just know that I haven't and other people in this thread haven't been charged in the past when ordering form Germany.

If customs come to your door, argue with them that it is legal tender and VAT cannot be charged on legal tender. They will most probably not bother pursuing with the case and hand it over.

DarkDusk · 22-04-2013 06:06PM

IsMiseJoe wrote: »

Think I'll risk it with a small order. I'll post the outcome...

Where did you buy from, by the way?

spideog7 · 23-04-2013 01:05AM

snowstreams wrote: »

I think thats the rates for non EU items and tax havens etc. It must be lower for within the EU. Possibly just VAT on the item, and no import duty + no vat on the shipping charges.

Fair point, in that case there shouldn't be VAT either though?

snowstreams · 23-04-2013 02:51PM

spideog7 wrote: »

Fair point, in that case there shouldn't be VAT either though?

You could be right but I've a feeling there might be maximum threshold on value after which they can charge some tax. Other than that I don't see how they can argue to charge VAT twice within the EU.

Anyway silver is at a great price now. Its well worth buying a little bit from germany in the post. It makes for great christening gifts!

DarkDusk · 23-04-2013 05:18PM

snowstreams wrote: »

You could be right but I've a feeling there might be maximum threshold on value after which they can charge some tax. Other than that I don't see how they can argue to charge VAT twice within the EU.

Anyway silver is at a great price now. Its well worth buying a little bit from germany in the post. It makes for great christening gifts!

Yes, a brilliant price right now. With increasing pressure on Draghi from EU countries, especially Ireland, to begin printing money is very bullish for PM's. When the Euro joins the currency war, I think you will never see opportunities like this again to buy.

Buying silver

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