ken_ichikawa Posted October 16, 2010 Share Posted October 16, 2010 I'm not offering to sell here but this is what um a supplier told me. Price is £14.42 per 1 troy oz of silver the .999 Min purchase is 10oz at a time.... compared to Sarnia which is £17.99 for everything its a fair good price, but you reckon its worth a punt? Quote Link to comment Share on other sites More sharing options...
gasket37 Posted October 16, 2010 Share Posted October 16, 2010 I'm not offering to sell here but this is what um a supplier told me. Price is £14.42 per 1 troy oz of silver the .999 Min purchase is 10oz at a time.... compared to Sarnia which is £17.99 for everything its a fair good price, but you reckon its worth a punt? suspiciously good really, bearing in mind spot price is now over £15 oz! is that plus VAT though? Quote Link to comment Share on other sites More sharing options...
ken_ichikawa Posted October 16, 2010 Author Share Posted October 16, 2010 Its from Hong Kong, my dad buys it from a high street store there, since he comes back and forth every 4-5 months I asked him to go have a look, he reported $179 this morning per troy oz. Quote Link to comment Share on other sites More sharing options...
Kilham Posted October 16, 2010 Share Posted October 16, 2010 It's a very good price if you're confident he can get it throught customs with no risk, you could even sell it on arrival for a 17.5 (soon20)% markup as secondhand silver in the UK tends to have the VAT priced in. Good luck getting anything from Sarnia or CI just now, they've been stripped bare . Quote Link to comment Share on other sites More sharing options...
goldfever Posted October 16, 2010 Share Posted October 16, 2010 I'm not offering to sell here but this is what um a supplier told me. Price is £14.42 per 1 troy oz of silver the .999 Min purchase is 10oz at a time.... compared to Sarnia which is £17.99 for everything its a fair good price, but you reckon its worth a punt? er yes..post the link I'll buy a load then sell them on ebay the next day where they're going for £22-23 per oz ASEs Maples Quote Link to comment Share on other sites More sharing options...
newbonic Posted October 16, 2010 Share Posted October 16, 2010 It's a very good price if you're confident he can get it throught customs with no risk, you could even sell it on arrival for a 17.5 (soon20)% markup as secondhand silver in the UK tends to have the VAT priced in. Good luck getting anything from Sarnia or CI just now, they've been stripped bare . Presumably when VAT goes up to 20% then everybody's non gold PM stash will immediately increase in value by the extra 2.5%. That's more than the annual interest on most of my cash savings. Quote Link to comment Share on other sites More sharing options...
ken_ichikawa Posted October 17, 2010 Author Share Posted October 17, 2010 er yes..post the link I'll buy a load then sell them on ebay the next day where they're going for £22-23 per oz ASEs Maples Its not a link, as said its My dad over there who walked into a highstreet shop and found 1oz silver bars and even bigger 10z kilo bars and 50z bricks. Over there premium over spot prices is much lower much like currency exchange they taeke typically 0.2% while UK banks and dealers take anything up to 5% Sarnia is selling at 20% premium for example or was. Quote Link to comment Share on other sites More sharing options...
14k Posted January 2, 2011 Share Posted January 2, 2011 Would you be able to post or pm me the high street shop and location? I'm in HK tomorrow for a week (it's my home town) Looking to pick up a few silver coins - although prices seem kinda high at the moment. Normally I just walk into a Luk Fook store. Quote Link to comment Share on other sites More sharing options...
ken_ichikawa Posted January 2, 2011 Author Share Posted January 2, 2011 (edited) Edited January 2, 2011 by ken_ichikawa Quote Link to comment Share on other sites More sharing options...
ken_ichikawa Posted January 2, 2011 Author Share Posted January 2, 2011 Would you be able to post or pm me the high street shop and location? I'm in HK tomorrow for a week (it's my home town) Looking to pick up a few silver coins - although prices seem kinda high at the moment. Normally I just walk into a Luk Fook store. For some reason it won't let me PM you! Quote Link to comment Share on other sites More sharing options...
ken_ichikawa Posted January 2, 2011 Author Share Posted January 2, 2011 email me via the blog and I'll email you back. Quote Link to comment Share on other sites More sharing options...
Number79 Posted January 2, 2011 Share Posted January 2, 2011 One word - customs. get caught bringing it back and after tax it wont look so cheap, assuming that it does not get confiscated. Quote Link to comment Share on other sites More sharing options...
Old Nis Posted January 2, 2011 Share Posted January 2, 2011 At that price, I'd get a bagful and then walk through the red gate and pay the VAT. It would still be dirt cheap. Quote Link to comment Share on other sites More sharing options...
ken_ichikawa Posted January 2, 2011 Author Share Posted January 2, 2011 At that price, I'd get a bagful and then walk through the red gate and pay the VAT. It would still be dirt cheap. Bear in mind this was the price in October not today, today it is a touch above spot price though only three places sell it. THey prefer gold there to silver. Quote Link to comment Share on other sites More sharing options...
14k Posted January 4, 2011 Share Posted January 4, 2011 Bah for some reason I can't pm too! plus it says I have some sort of message but I can't find it/any! I thought HK would be a good place to buy silver since the chinese are gold bugs. TBH I'll probably leave them in my place here see no reason to take them back to UK - therefore no customs problem too! Quote Link to comment Share on other sites More sharing options...
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