Is Silver Stacking worth it in the UK? VAT & Premium

Рет қаралды 922

Күн бұрын

Пікірлер: 42

@macdonaldbullion 6 ай бұрын

Remember stacking precious metals is mainly for the long term. Also Cobrastackers auction will be on this evening at 1900BST🇬🇧 See you there! Big thank you to you for watching and extra thanks to our channel members!

@saelaird 4 ай бұрын

Just bought our family's first ever piece of bullion. A single 2024 1oz Silver Britannia, for my sons 8th birthday. The first of many more coins. Buy and hold!! I'm going to stack as an inheritance for my son. I'll never sell. That's the plan. Went to Atkinsons. They seem brilliant.

@macdonaldbullion 4 ай бұрын

@@saelaird I’m pleased to hear that. Atkinsons are reliable and a great company to get bullion from

@saelaird 4 ай бұрын

@Macdonaldbullion Thanks! I'll see how it goes. We'll have gold coming at Christmas, that's for sure. Everyone's getting a piece! I'm down the rabbit hole and loving it.

@Yourtimeisnow-GG 6 ай бұрын

Thank you for the video. I think it's worth buying silver here in the UK. The VAT and premiums are something I'm used to now. And it no longer bothers me.

@jamiefrost2091 6 ай бұрын

Hey Mac, I’m enjoying the quiz section in the community posts,🎉, I’ve only got 2 correct so far😱, but it’s fun🙆‍♂️.

@macdonaldbullion 6 ай бұрын

@@jamiefrost2091 pleased to hear, it’s a trial thing I’m doing daily so I’m glad you’re enjoying it😊

@jamiefrost2091 6 ай бұрын

Great info, 🙆‍♂️. That Mustang looks cool 🐎🎉. Btw, sometimes it’s better paying a little more for piece of mind 👌.

@macdonaldbullion 6 ай бұрын

I agree jamie, thanks for watching😊

@tomtharos4440 6 ай бұрын

Interesting. I’m in a U.S. State that charges 6% sales tax on numismatics and bullion so I can partially identify, but there are ways to avoid the tax, like buying from another state and having them vault it for you. Private party is another way. I love my Sigma. The Pocket Pinger is a great aid. Right size, right weight, right sound, is as effective as a sigma, but larger sizes are problematic for ping testing.

@UKDark_Mark 6 ай бұрын

(UK ONLY): If you must…… Buy pre-owned silver from dealers - you only pay VAT on their mark up and not the whole transaction cost. Never forget whether shipping or storage capsules are included (cost reduction opportunities) and look if there are bulk buy discounts. If you’re buying generic bullion with no numismatic value you will likely need to hold it for a long time to recover your money. Silver bullion is not investing (if you want to be an investor buy an ETF 🙂) but an inflation resistant store of wealth. There’s more to it than that; perhaps for another time.

@XiaodongWang-qt9oy 5 ай бұрын

Though I purchase with a higher price, I purchase a mind of peace.

@XiaodongWang-qt9oy 5 ай бұрын

I can trust royal mint, I don’t trust local shop. That’s why I stick with royal mint.

@markcolfer2722 6 ай бұрын

Interesting video, l am thinking the little and often as l bought a tube of Britannias, and getting them delivered was a pain! Due to living in a flat so things that can be popped through the letter box is something l need to consider. Little things are to be taken into account. My mentality needs adjusting towards long term and l fight against wanting to flip gold/silver for profit lol

@macdonaldbullion 6 ай бұрын

Interesting point, thanks for sharing and I’ve tried flipping just to try, not my thing really

@markcolfer2722 6 ай бұрын

@Macdonaldbullion l thought just getting scrap gold/silver was straight forward, how horrible wrong l was! But all learning curves. 👌

@T5volvosmidgey82 6 ай бұрын

I think it is worth it but I'm picking up in small amounts, I buy a few peices every week just to fill my collection to a point where I don't need anymore, but I will keep buying brittanias and I do only buy from bullion dealers, cool video josh and keep stacking guys 💪

@macdonaldbullion 6 ай бұрын

@@T5volvosmidgey82 thanks mate, I get little and often too. I’m trying to limit myself to a small amount of silver and more gold going forward. On that note I need to grab another tavex gram of gold🤣

@T5volvosmidgey82 6 ай бұрын

@Macdonaldbullion I buy mine in the morning so i get it tommorow morning as I hate waiting nd yes little and regular is the key 💪

@macdonaldbullion 6 ай бұрын

@@T5volvosmidgey82 yeah waiting can be the worst sometimes🤣

@T5volvosmidgey82 6 ай бұрын

@Macdonaldbullion I'm very impatient

@macdonaldbullion 6 ай бұрын

@@T5volvosmidgey82 I’m similar mate especially when it’s a brand new piece just released or a big purchase

@ottens11 Ай бұрын

If you don't care about CGT (which tbh is *cough* more avoidable than VAT *cough*) then you'll do better going for pre-1920 sterling silver coins. Much cheaper/non-existent premiums, very divisible for barter situations, even more recognisable than bullion coins.... I love pre-1920 lol

@kristaan 6 ай бұрын

I love silver but I have to say we are really ripped off in the UK. I have an old receipt from the Royal Mint from Oct 2005 in which TWO bullion Britannia's were bought, inc postage and vat that cost £29.40 so £14.70 for an oz of physical silver back then, the spot price was about £4.88, so basically back then you paid just over three times the spot price to physically own silver. The FTSE 100 was 5160 in 2005 and is about 8204 now so that hasn't doubled, and an average home was 156k in 2005 and is about 280k today so hasn't doubled, but you can definitely say you have doubled your money if you bought physical silver despite the ridiculous premiums back then, of course I'm talking about what you'd expect to get on ebay not the spot price.