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Silver Is A Dead Horse

Gman
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HOLA441
Gman

Gman

Posted
Posted

I have around 1K in silver, it is going nowhere. VAT on the purchase has made it a 100year bet. It is tied to the industrial performance and will only get worse.

Stay away, buy Gold.

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1
HOLA442
General Congreve

General Congreve

Posted
Posted

I have around 1K in silver, it is going nowhere. VAT on the purchase has made it a 100year bet. It is tied to the industrial performance and will only get worse.

Stay away, buy Gold.

You might be right. I'm in the same boat for a little more than your 1k. Got tonnes of the yellow stuff though, which is flying now. Just like I said it would all you nay-sayers!

I still think silver is a reasonable bet in the medium term though. When gold really starts to fly to the moon (and it will) silver should gear up in it's wake and make for decent returns with any luck. Still it's a relatively small punt for me, that will hopefully give a nice little bonus return on top of the forthcoming gold profits when sterling, euro, dollar all collapse, hehehe!!!

2
HOLA443
P.P.

P.P.

Posted
Posted

I have around 1K in silver, it is going nowhere. VAT on the purchase has made it a 100year bet. It is tied to the industrial performance and will only get worse.

Stay away, buy Gold.

sorry but you have this completely....

ass :) ass

3
HOLA444
sharpe

sharpe

Posted
Posted

I have around 1K in silver, it is going nowhere. VAT on the purchase has made it a 100year bet. It is tied to the industrial performance and will only get worse.

Stay away, buy Gold.

Do you have to pay VAT if you buy second hand?

I think silver will rise more than gold because:

- more of the worlds population can afford silver

- there is a lot more of it so potentially more difficult for central banks to manipulate directly (although I understand interventions in gold market also affect silver)

4
HOLA445
Guest spp

Guest spp

Posted
Posted (edited)

I have around 1K in silver, it is going nowhere. VAT on the purchase has made it a 100year bet. It is tied to the industrial performance and will only get worse.

Stay away, buy Gold.

What a load of rubbish!

Unless Gold gets totally monetized silver is going to blow it to bits in % terms...like it usually does! :P

Edit : Even if it does silver will still do very well...

Edited by spp
  • 2 weeks later...
5
HOLA446
6
HOLA447
redprince

redprince

Posted
Posted

I have around 1K in silver, it is going nowhere. VAT on the purchase has made it a 100year bet. It is tied to the industrial performance and will only get worse.

Stay away, buy Gold.

If you believe that you really are a complete t**t.No apologies for someone coming onto a pm`s forum uttering utter tosh like that.

I am not even going to educate you as it would be a waste of time but please dont post here again.

Thanks in advance.

  • 2 weeks later...
7
HOLA448
Gman

Gman

Posted
  • Author
Posted

If you believe that you really are a complete t**t.No apologies for someone coming onto a pm`s forum uttering utter tosh like that.

I am not even going to educate you as it would be a waste of time but please dont post here again.

Thanks in advance.

It is a looooooonnngggg draaaaaawwwwnn out investment. Yawn. Buy Gold.

8
HOLA449
9
HOLA4410
P.P.

P.P.

Posted
Posted

It is a looooooonnngggg draaaaaawwwwnn out investment. Yawn. Buy Gold.

Silver will outperform gold in 2010 as it did in 2009

Oranges are not the only fruit

the physical market in silver is tiny

Watch and learn

10
HOLA4411
P.P.

P.P.

Posted
Posted

Silver will outperform gold in 2010 as it did in 2009

Oranges are not the only fruit

the physical market in silver is tiny

Watch and learn

having said that - June looks like it is going to be a volatile month with some swings on all metals - i will be looking for buying opportunities in late June

good luck and it's just my opinion

11
HOLA4412
Gman

Gman

Posted
  • Author
Posted

If I bought a 1kg silver coin (aussie koala) I would pay £567. If I were to sell it I would recieve £432.

VAT makes it a BAD bet and a 100 yr investment.

12
HOLA4413
'Bart'

'Bart'

Posted
Posted

If I bought a 1kg silver coin (aussie koala) I would pay £567. If I were to sell it I would recieve £432.

VAT makes it a BAD bet and a 100 yr investment.

I would imagine that the VAT issue makes buying silver via Goldmoney much more attractive.

13
HOLA4414
Guest absolutezero

Guest absolutezero

Posted
Posted

I would imagine that the VAT issue makes buying silver via Goldmoney much more attractive.

Does that get you physical possession?

If not I'd personally not touch it with a bargepole.

14
HOLA4415
'Bart'

'Bart'

Posted
Posted

Does that get you physical possession?

Nope.

I could be wrong but from reading the Goldmoney site, you don't suffer the huge disparity between the silver spot rate and the price you get from a dealer, as mentioned in post #13, when selling your Goldmoney silver.

"All metal sales are based on the current spot rate. There are no commissions or other fees when you sell your metal back to GoldMoney."

It *seems* as if you get the current spot rate when you sell. Anyone able to confirm this?

15
HOLA4416
Crashman Begins

Crashman Begins

Posted
Posted

If I bought a 1kg silver coin (aussie koala) I would pay £567. If I were to sell it I would recieve £432.

VAT makes it a BAD bet and a 100 yr investment.

Tick... tock... tick... tock... :ph34r:

16
HOLA4417
17
HOLA4418
18
HOLA4419
19
HOLA4420
P.P.

P.P.

Posted
Posted (edited)

Truth Alert more like.

Gold up to day silver dropped 1.3%

intra day volatility is meaningless - you have to ask yourself which way the GSR is going to go from here

now let me see, what did silver do when gold peaked, ah yes that's right it outperformed gold

silver makes its move at the later stages of the pm bull market, this time will not be any different

if we get a repeat of 2008 again, i will load up again like last time

Edited by p.p.
20
HOLA4421
21
HOLA4422
P.P.

P.P.

Posted
Posted

Apart from the VAT issue, have you any idea of the logistics involved in taking physical possession of a decent amount of silver?

What would you define as a decent amount of silver?

22
HOLA4423
200p

200p

Posted
Posted

Chinese £200 per month wage (some £50-£100)

UK let's say £1000 per month.

Go away and think about it...... I can't spoon feed you all.

Silver as money - make use of your purchasing power while you can.

23
HOLA4424
urban_hymn

urban_hymn

Posted
Posted

Silver as money - make use of your purchasing power while you can.

+1

So many posters obsess about the daily insignificant moves. I love silver. Got mine when it was £250/kilo on ebay. What's it now?

No need to trade - it's a bull market - just hang on!

Silver goes for the same price on ebay whether VAT is being charged or not - one advantage!

  • 2 weeks later...
24
HOLA4425

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