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ziknik

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Posts posted by ziknik

  3. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I agree, I think it's a simple error. So does everyone expect the g:s ratio to return to 16:1? £40/t oz silver sounds nice... :)

     

    I think the ratio will come down to 25 this year and will spike* down to 5 at peak*

     

    * Are 'spike' and 'peak the right words in this context?

  4. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Hmm.. How does this work? What's the limit? If I bought the coins in France, do I have to pay VAT? It was paid in the EU, aren't we all one happy nation? Or is it because people are abusing the channel islands VAT freeness and the government demands its percentage of the pie?

     

    If you buy in an EU country you will pay VAT at the point of purchase. You don’t need to pay anymore VAT in any other EU country.

     

    If you buy in the channel islands you don’t pay VAT at the point of purchase so you must pay VAT at the first EU country on your travels.

     

    None of the above applies for non EU residents because they claim the VAT back when they leave the EU with the goods.

     

  6. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Can anyone recommend a silver bullionvault equivalent? I am only interested in silver measured in GBP and to be able to change the time frame of the graph, not too difficult a request, but I can't find one. Can anyone suggest a site I might have missed? netdania.com is close, but no GBP...

     

    Goldprice

     

    http://goldprice.org/live-gold-price.html

     

    you can pick Silver in GBP from the instruments list.

     

    Note: It doesn't use the LBMA fixes, it calculates it's own data using GBP/USD and USD Spot silver so the old data is always changing (with the new GBP/USD).

  9. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Maybe the site is out of date. It was refering to the old fashioned strips, described on wikipedia this way

     

    '...electrically conductive lines are composed of a silver-ceramic material which when fired on glass becomes bonded to the glass and is highly resistant to abrasion. There is no danger of electric shock, because of the low voltage, and no danger of burns as the elements are only heated slightly.'

     

    http://en.wikipedia.org/wiki/Defroster

     

    rather than the forced air type of defogger.

     

    Aha, it would work when mixed with a ceramic (resistor)

  10. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    However the low price of silver makes recycling uneconomic, so silver used is silver consumed and lost forever.

     

    # Silver is the best conductor of heat of all elements. Its uses in solar panels and automobile rear window defoggers take advantage of this quality.

     

    Icarus, your knowledge of silver is astounding. I really look forward to you posts.

     

    A couple of points.

     

    Recycling will become viable as the silver price increases. This will slow the price rises.

     

    Rear heated windows do not use silver (because it’s too good a conductor). Rear heated windows are resistors. They get hot when you pass a current down them.

     

  11. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    I believe this to be a more imporant chart. It shows the amount of above ground gold and silver in ounces since 1900.

     

    silver-shortage.jpg

     

    Use the chart to extrapolate the amount of above ground silver in 2020 and then tell me what you believe is going to happen to the price of silver.

     

    image from

     

    http://www.bullionmark.com/2008/12/how-muc...r-is-there.html

     

    I guess that chart is not including recoverable silver in old / unused / broken / dumped equipment.

     

    Silver is not destroyed industrial use (?).

     

  15. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    It's starting to look deliberate that they won't quote prices in GBP on British sites... They're deliberately hiding the sliding pound in the equation...

     

    Yep, it certainly looks different in pounds

     

    Gold hit an all-time high of $1,011 £503.7 per ounce in March, hitting an all time high of £601.8 in December before falling back to end the year at $870 £596.1

     

  18. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    silver is one of the items that carries extra duty if it comes from the US - something to do with a trade disagreement we had a while ago. I think its mentioned on the chard website and i have personally been stung by it.

     

    Thanks for the information. I didn’t know silver from USA has different import charges

  19. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    well, they will charge you vat first (15%). Then they will charge you for importing silver from the US. Then they will charge you the handling fee (usually £8).

    the best way is to find someone off ebay who will describe the silver as something else and put a lower value on it.

     

    Are you sure they charge a Import & Handling Fees?

     

    I didn’t come across any charges when I last looked up importing silver (orther than VAT). I have never bought from outside the EU myself.

  20. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    ...

    Can someone please tell me if there's anything wrong in what i've said, because if not, i think i'll be buying some from First Majestic?

    And again, does anyone think there would be much of a problem selling First Majestic coins?

     

    thanks in advance

     

    From memory, FM charge $100 for postage of 100 coins to the UK. You need to factor this in to your calcs. The coins will be around £10.50 each (including VAT and postage).

     

    I don’t think you will have too much trouble shifting them. I’ve seen them selling on ebay for £10/11 + postage.

     

    I notice they have the 1 ounce coins back in stock. I might buy some myself.

     

    EDIT: It was the proof coins I saw on ebay.

  22. GOLD

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Gold money-I've been trying last night and tonight to get CAP verified using the online method and I get an error message. Has anyone else used the online method? Is it just me being thick or does it not work?

     

    Seems allot of hassel compared to BV.

     

    The online method must be new. I joined GM in the old days (September 2008) when we had to use paper.

  24. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Found it

     

    Reply from Sonia Hellwig,

    >>>>

    Unfortunately we cannot switch back to the 7% in the UK now that we adopted the 17,5% rate. We are VAT registered in the UK and therefore apply the normal UK rate.

    <<<<

    Previously they were a mail order company based in Germany but now they are registered in UK

     

  25. SILVER

    in Gold, FX, Stocks / Diaries & Blogs

    Posted

    Shouldn't CID be able to ship silver to the UK at the German VAT rate now it's the New Year? It's still at UK 15%. Though perhaps they've not update it yet.

     

    This has come up before (you might be able to find it using the search).

     

    CID is UK based and therefore have been forced to VAT register in the UK.

     

    There’s not going to be any VAT discounts for UK customers :(

     

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