Precious Metals

The gold : silver ratio has increased over the previous years.

This article (German) suggests that on this basis the high gold price is unfounded :

Gold-Rallye basiert auf Angst statt Fakten – Inside Paradeplatz

insideparadeplatz.ch insideparadeplatz.ch

I don't know, but is this enough reason to go and get more silver - a sign that silver may "play catch up" soon

It takes up more space and weighs a lot, I have it in the form of large bars but may consider many small coins. I once saw a place selling them in tubes.

One interesting point - gold seems to have the thinnest margins for the dealers of all the precious metals, both in buying and selling.

Then there is the point someone made earlier in this thread about VAT on silver in many regions (at least UK and Germany) which will spoil the fun.

Buying silver in a country without VAT and bringing it across the border into another country where there is VAT on silver is possibly committing an offense. Not sure if it's serious though.

The dealers and the tax offices are not treating the precious metals equally, no wonder gold is doing better than the others.

The silver does get a brown tarnish on it, not that that is really harming the metal value. Probably worth polishing it before going to sell it.

A bit more on silver being underpriced :
investingnews.com

Could the Silver Price Really Hit $100 per Ounce?

Will the First Majestic Silver CEO’s silver price prediction of more than US$100 per ounce come true? The silver spot price made waves in 2020 when it rose above US$20 per ounce for the first time in four years, and the precious metal has repeatedly tested US$30 per ounce since. Since...
investingnews.com investingnews.com
Neumeyer's March 2023 triple-digit silver call is a long-term call, and he explained that while he believes gold will break US$3,000 this year, he thinks silver will only reach US$30 in 2023. However, once the gold/silver ratio is that unbalanced, he believes that silver will begin to take off, and it will just need a catalyst.
Click to expand...
 
Gold is a better monetary metal. This is a basic thing the silver bugs haven't come clean on for years. I find it odd, but of course it relates to money and is also why goldbugs don't understand the digital counterpart.
 
I was walking past a shop and went in to ask about silver and VAT.

Indeed there is VAT on silver here, on one ounce coins, on regular bars.

However he showed me something called a coin bar

I find this most retarded but it is a bar of silver which is somehow branded legally as a coin and avoids VAT in the regions where VAT is charged on silver. There is some discussion of them here :


This was yesterday, the bar he showed me was a 1kg "coin bar". I asked how much : €1200.

Then, how much if I were to bring one in to sell it : €1000 !!!

What a horrible margin and that even without VAT!

It actually reminded me that I did once buy a large coin bar many years ago, had forgotten all about that, ie that it was a coin bar not a bullion bar.

This VAT on silver (and platinum, palladium, rhodium) is a bit ludicrous. To my thinking it implies that you are buying the coins as toys rather than investments and the bars to use the metal for something. What though, make a mirror with some glass and a silver bar.. make a solar cell (how?). A very shiny and valuable doorstop or paperweight..

It's probably technically illegal to melt down a coin bar so that part of their fragile argument on why one lump of silver has VAT on it and the other, not.

There is some really crazy stuff in this world, especially around taxation and intricate rules and exceptions..
 
stadtaffe said:
I was walking past a shop and went in to ask about silver and VAT.

Indeed there is VAT on silver here, on one ounce coins, on regular bars.

However he showed me something called a coin bar

I find this most retarded but it is a bar of silver which is somehow branded legally as a coin and avoids VAT in the regions where VAT is charged on silver. There is some discussion of them here :


This was yesterday, the bar he showed me was a 1kg "coin bar". I asked how much : €1200.

Then, how much if I were to bring one in to sell it : €1000 !!!

What a horrible margin and that even without VAT!

It actually reminded me that I did once buy a large coin bar many years ago, had forgotten all about that, ie that it was a coin bar not a bullion bar.

This VAT on silver (and platinum, palladium, rhodium) is a bit ludicrous. To my thinking it implies that you are buying the coins as toys rather than investments and the bars to use the metal for something. What though, make a mirror with some glass and a silver bar.. make a solar cell (how?). A very shiny and valuable doorstop or paperweight..

It's probably technically illegal to melt down a coin bar so that part of their fragile argument on why one lump of silver has VAT on it and the other, not.

There is some really crazy stuff in this world, especially around taxation and intricate rules and exceptions..
Click to expand...
Yes, have a couple of coins just for diversification, and make them gold. Otherwise you know my rec
 
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