Investing in silver

I am not a financial advisor.

When I was in the UK 7 years ago I did invest in physical Silver.

Warning: Its heavy!

As you observe you have to pay VAT on bullion Silver. Not on second hand silver though.

In the end the way I did it was buy from resellers in the Ilse of Man who work a loophole that they can each trade 1/4 mill per annum VAT free. You simply get it in the post from an annoyed postman who delivers heavy packages. I did it via ebay!

The resellers over there do this by registering each member of their families as bullion dealers and they each have a tax free quota.

Selling it is a pain. I sold all mine before I left the UK. I remember dragging 20Kg of the stuff to a dealers in London in a flight case trying to look like it wasnt that heavy LOL.

In the two years I did it, I made twice what I would have in a high interest savings account - and it was all done without any records - this may have changed.

Its not what I originally intended, I was really aiming for the longer term, but I didnt know I was going to get the chance to quit the UK when I started off - and the logistics of getting it out the country were just too hard.

I no longer invest in metals because I have lucky enough to have a farm now - and so I figure getting that working is an even better long term investment.

Source: http://projectavalon.net/forum4/showthread.php?32282-Investing-in-silver

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