tag:blogger.com,1999:blog-8123338579877576362.post8340666955857639684..comments2023-10-31T07:07:05.659-07:00Comments on Robert Mix's Blog: Is The 24hgold / eBay Widget Trying To Tell Us Something?Robert Mixhttp://www.blogger.com/profile/12141824576251526483noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8123338579877576362.post-83370930790912240772011-10-12T04:22:29.515-07:002011-10-12T04:22:29.515-07:00E bay is the best way to purchase gold.Gold has be...E bay is the best way to purchase gold.Gold has been advancing for over 10 years now, from a low of $252 per ounce in 1999 to where it sits today at $1,755, which is a gain of over 595%. With gold at unprecedented levels (previous bull market high was $850/oz) is it any wonder why someone would question starting to acquire gold? <br /><a rel="nofollow"><b>gold coins</b></a>itmhttps://www.blogger.com/profile/18385158579879830983noreply@blogger.comtag:blogger.com,1999:blog-8123338579877576362.post-3123890265674999192011-09-30T20:33:45.111-07:002011-09-30T20:33:45.111-07:00Thank you richard (upside down and mirror image, v...Thank you richard (upside down and mirror image, very impressive, you should show me how to do that some day...! dochenrollingbearing@gmail.com) for the on the ground comment from the UK.<br /><br />OK, re your comments, I found that the comparative info you provided to be of great interest. And, wow, your retailer Spink's makes a NICE spread (20%), maybe I should set up shop there... Gold Eagles here in the USA typically (until say a week or so ago) were SOLD at some 5% - 9% over spot, and you could sell them back to the coin stores for about 1% OVER spot (so a narrow plus or minus 6% spread).<br /><br />At this point, it sounds like you should just buy almost anything that is left, sounds like you have a "kind of" shortage. Of course, FOFOA would say there never really is a shortage (except during the Quantum Leap) because at a high enough price there is always gold available.<br /><br />Presuming "OH" means "the better half", then that is great you have her along for the ride. My wife is kind dubious about buying all the gold, but she accepts it.<br /><br />Great comment! Thanks for coming by!Robert Mixhttps://www.blogger.com/profile/12141824576251526483noreply@blogger.comtag:blogger.com,1999:blog-8123338579877576362.post-55217011662984978662011-09-30T16:27:40.047-07:002011-09-30T16:27:40.047-07:00I have at last persuaded the OH to put her unwante...I have at last persuaded the OH to put her unwanted cash into gold. Here in the UK gold bullion is VAT-free, and sovereigns, being legal tender (worth 250 x face value...) are CGT-free as well. <br /><br />Buying most things here other than food, books and children's clothes means paying VAT @ 20%, and that includes silver. <br /><br />If I buy silver from America, outside the EU, I have to pay 20% VAT. Import duties kick in if you buy many hundreds of pounds worth at a time, but VAT applies, in theory, to any import. <br /><br />Last year we were in the USA, I have inlaws in Concord, CA, and did a big tour from San Francisco to LA - Grand Canyon - Las Vegas - Sequoia - Yosemite - Lake Tahoe (they own a cabin/cottage there) - back to SF. We saw a gold mine, bought gold pans, panned for gold and I bought around 50 oz silver at various places at <$20 an ounce. <br /><br />Santa Barbara was one of our stops. It was perhaps my favourite town we went to because it had a proper high street with real shops, and one of them sold sterling silver jewellery dirt cheap like $5 per ring.<br /><br />This year I found the shop again on Google streetview and worked out from the shop-front where they get their stock from... I think anyway. it's www.silversource.com so I bought a pile of jewellery off them at less than 2x spot which I thought was fair what with the manufacturing costs for such small stuff. I didn't pay any tax when I picked up the package from the sorting office. <br /><br />To buy silver coins I used to use www.sarniasilver.com and www.cisilver.com who have suspiciously similar addresses in Guernsey. The Channel Islands are NOT in the UK, and also not in the EU, so don't have VAT. The Queen of England (and Canada) is incidentally also the Duke of Normandy for some 945-year old reason, so the Channel Islands are the last bits of France that England is in charge of. <br /><br />The tax rules the UK has with the Channel Islands are that if you buy something for £18 or less from the Channel Islands you pay no VAT. That is good, so Amazon.co.uk operates from there. Books are VAT-free anyway but CD's and DVD's aren't and they only cost £10 - £15 so all our stuff from Amazon gets sent from Jersey.<br /><br />This is viewed as 'unfair' by English retailers so the government has decided to reduce the £18 threshold to £15, which frankly will only affect a few dvd box sets or brand new video games.<br /><br />This meant that whilst silver was still cheap enough to buy for <£18 including p&p and Sarnia's premium it was worth buying, but no longer.<br /><br />I still buy occasional half ounces from them, but the premiums now seem to suck - £16 or £17 for a half ounce = like $50 an ounce.<br /><br />...<br /><br />Anyway, back to the original point, are there shortages here? <br />We don't have as many bullion dealers here as you lot in North America do. In my town we have a branch of Spink's, they charge 10% over and offer 10% under spot for bullion. Buying from them seems OK but I think I can sell to www.coininvestdirect.com for a better price, but I have never wanted to sell.<br /><br />Spink's have a huge amount of numismatic stuff, but there is a tray of bullion, maybe 24 coins, mostly Sovs, half sovs and krugerrands, but occasionally there are 1/10 krugs, quarter sovs (tiny weeny things), and last time I looked there was a 1/3 guinea and some American looking coin.<br /><br />We were there last weekend; despite the fact that the bullion tray was full of coins, we were told that all of them had been sold. This was disappointing, seeing as I had just persuaded OH to buy gold, but because I must have been a regular-enough customer OH was offered a proof sovereign at bullion price (the 1980's ones are stunning) I bought a 1/10 krug from the tray that was allegedly sold.<br /><br />I'll go back tomorrow and see what they have, seeing as the prices are pretty much the same this weekend. I want that 1/3 guinea if it's still there.pɹɐɥɔıɹhttps://www.blogger.com/profile/06638112154971246670noreply@blogger.com