Mike1990
05-23-2010, 08:51 AM
Hi guys, two quick questions for ya.
1) I've been advised and read a couple of times on this forum that it would be wise to wait for the right time to buy into PM (i.e. when it goes down). This makes perfects sense of course, but I have no idea when the right time is. Would anyone care to hazard a rough guess at what the spot price should be when it would be ideal to make a start?
2) Being in Britain it seems damn hard to get a good deal on silver. We have to pay 17.5% vat on top of spot+premium (i get the idea most of you guys don't have to pay for that). The cheapest sites i've found for silver 1 ouncers are either £15.75 for 'APMEX Rounds (flaws)', £16.50 for bars or £17.25 for american eagles. Thats including delivery and other charges (from gurnsey to avoid VAT). But given the spot price at the moment is £12.34 it seems abit extreme. It isn't possible to gain bulk discounts either as they all have to be shipped one at a time to avoid the VAT. So A) is it worth it? and B) if so which would you suggest between the 3 options, cheapest?
Thanks alot for any help!
Mike
1) I've been advised and read a couple of times on this forum that it would be wise to wait for the right time to buy into PM (i.e. when it goes down). This makes perfects sense of course, but I have no idea when the right time is. Would anyone care to hazard a rough guess at what the spot price should be when it would be ideal to make a start?
2) Being in Britain it seems damn hard to get a good deal on silver. We have to pay 17.5% vat on top of spot+premium (i get the idea most of you guys don't have to pay for that). The cheapest sites i've found for silver 1 ouncers are either £15.75 for 'APMEX Rounds (flaws)', £16.50 for bars or £17.25 for american eagles. Thats including delivery and other charges (from gurnsey to avoid VAT). But given the spot price at the moment is £12.34 it seems abit extreme. It isn't possible to gain bulk discounts either as they all have to be shipped one at a time to avoid the VAT. So A) is it worth it? and B) if so which would you suggest between the 3 options, cheapest?
Thanks alot for any help!
Mike