@Rekless, I have experience of the UK, and I recommend you buy from The Guernsey Mint in Guernsey. As you know, there is no VAT in the channel islands, so you don’t pay it. The Mint is a 5th generation family business and currently run by father and son (Bruce & Simon Russell), with a few helpers. They have all the coins and bars you would want. I sound like an advertisement for them, but I have bought quite a bit there, and I can tell you everything went very well and the service was great. I was totally new to it when I started and got all the help I needed. It’s definitely the best place for it in the UK. I also bought a few things from Bairds, London, and they are horrible to deal with and charge more. http://www.guernseymint.com. If you buy gold, Bruce comes to London every 2 weeks and will arrange to meet with you there (no VAT on gold so that is easy for him), but with silver, because VAT is chargeable on entry to UK, you must collect it, or receive it by post with the possibility that customs may realise and charge you the VAT (sometimes yes and sometimes no, in my experience, for small packages). With big amounts, you would need to go and get it. For transport of small amounts, the plane is fast, but for larger amounts, go by car on the boat from Weymouth (Condor Ferries – cheap and good). If you want to know my experiences of the transport, pls send me a message on this site with your email and I will tell you how that works aswell. Glad to be of help. Good luck.
Also, old British silver coins on ebay (92.5% and 50%). I also bought some sterling silver spoons there too – can be used for barter without much attention, as I could have inherited them from my Grandma, and not prepared at all (coins send a different message entirely)
@Marchas45 … if <1920, they are 92.5% and they sell for £1 or £1.50. If >1920 and <1946, they are 50% and sell for £1 or 75p. >1946, they are not silver. I think it’s 1946 when they stopped the silver. I am sure of the rest.
For me, taking possession wasn’t as important as getting the most silver ounces for my money. Therefore, I used GoldMoney and BullionVault to bypass the UK’s VAT rules. I also believe that the dealer markup on silver bullion is ridiculous in the UK compared to the States, and I wanted to buy as close to the post price as possible. Having said that, any silver you can buy today is cheap as chips compared to how much it’s going to cost in the future.
Having done my best to spread the word, I have a number of friends in the UK who are physically stacking. Many regularly buy from Guernsey Mint. I’ve kept tabs on their success rate. About two thirds to three quarters of small shipments slip through. Small packages are best. No more than 10 coins per order, or a single kilo bar. Metalor are great, because their kilo bars are serialised and come with a little certificate.
In my opinion, small is better than big. If silver goes to £400 an ounce, imagine trying to sell a 32 ounce kilo bar. I’d recommend that you buy Britannias, if they are available, because they are legal tender in the UK and therefore - hopefully – will be still CGT free when you sell. If you plan to liquidate overseas, Maples and Eagles are the best bet. Yes, coins are ‘expensive’, but they keep their premium when you sell privately. If at any time you can’t find Britannias, just buy any silver you can get. It’s better than buying none.
When I started a few years ago, I had some at home, some in storage at Network Securities in Guernsey, and some with goldmoney. Network Securities in Guernsey is a horrible organisation; the family that runs it (last name Goater) only cares about making money and they are unhelpful in the extreme. I changed my address after starting the storage contract, and it took them 6 months to change the address on the contract, despite all my calls, emails and letters. So I thought if this is what it’s like when all is normal, how will it be later? So I removed it all from there and have it with me now. It wasn’t just them, it was the fact that it was out of sight and in someone else’s control, and the change of address problems just brought that home to me. Goldmoney is as good as it gets for what they do, it runs just as it should, great customer service, and I trust James Turk and his son, Geoffrey, BUT, why would centralised power allow an outfit like that to continue to function, while currencies are out of action. The point is that they want chaos, and paralysis, so that a new system can be created. James Turk admits that this is his one weakness, that TPTB may not allow such autonomy during the chaos of currency collapses. It is easy to take goldmoney out of action, as it is a centralised system, but items at home are completely at your disposal. So, sadly (because I love goldmoney), I sold all I had there, and now have everything with me, and I feel alot better.
I have found the best place to buy in the uk is http://www.atkinsonsthejewellers.com still have the vat and dealers markup but prices are excellent. just bought 5 armenian noahs ark 1oz coins and even with postage it was £127 (this was on december 22 after the smack)
" I picked up a few semi-numismatic coins a couple of days ago. Did not have any of them in my stack so I wanted to round it out a bit with a few of the prettier coins. I am still a fairly young guy at 35 so I am keeping my glass half full. I am certainly discouraged but I do believe that eventuall... "Reply To: My Faith in Silver is Just About Broken
" Shortwave ham frequencies provide worldwide communications daily. VHF/UHF has its place in local comms. No morse code to get a license anymore. Doesn't hurt to know it tho because it will get thru jamming and interference voice can't. All my antennas are emp grounded, it is called lightning prot... "Reply To: Ham radio
" PS: GROUND your EMP Shielding, that cannot hurt and likely helps.
I bet MaryB already has though LOL!
Is Morse Code still part of the HAM License?
They cannot really shut down the frequencies, but may attempt to jam them.
But more likely they will monitor these channels.
... "Reply To: Ham radio
" There goes the idea that I could get in cheaply! I knew that was too easy.
Would I be able to contact anyone worldwide? That was my thought going with this idea in the first place. What's the point in buying one if it doesn't go worldwide? I thought they all had global abilities. I may ha... "Reply To: Ham radio
" I have thought about this. If it is not in the US, it is a risk IMO.
Even in the US, it could still be seized in a bank holiday. hard to say
Thanks for perspective, Mammoth "Reply To: Chinese yuan bank account
" Silver Dollar - if I cash out now I cannot buy silver in Ecuador for anywhere near this ridiculously low price. Its just that I have been concerned that when things collapse all I will be able to get over here is the cash. And I have to worry if some government will steal all funds in goldmoney.
... "Reply To: What will happen?
The analysis and discussion provided on SilverDoctors is for your education and entertainment only, it is not recommended for trading purposes. The Doc is not an investment adviser and information obtained here should not be taken for professional investment advice. The commentary on SilverDoctors reflects the opinions of The Doc and other contributing authors. Your own due diligence is recommended before buying or selling any investments, securities, or precious metals. We do not share in your profits, and thus will not take responsibility for your losses as well.