warpig Posted December 1, 2009 Report Share Posted December 1, 2009 Dear BullionVault user, You can now buy, own and sell silver at BullionVault. We will be telling the wider world within the next few days, but since you have asked in the past, we want to give you first access. Here are the 5 facts you need to know to get started: #1. You Can Buy Today A stock of 1,000-ounces Good Delivery bars has been delivered to the London vault, and the silver market is open. There is no VAT sales tax to pay. #2. Dealing Commission Runs independent of gold, but is charged at the same rates. So you'll pay 0.8% on your first $30,000-worth of silver, 0.4% on the next $30,000 and so on, regardless of your gold holdings. #3. Custody Charges Are also independent of gold, but slightly higher because silver takes up more physical space in the vault. You'll pay 0.04% per month on the silver you hold (minimum $8 charge). The annual rate is 0.48%. #4. The Daily Audit Is being run on silver property, alongside gold, but we won't be publishing the silver part of the audit until the full official launch. Expect the first public silver audit on Monday 7th December. #5. Vaulting, Larger Deals & Withdrawal Silver is available in London only for the time being. Larger orders for one tonne or more (approx. $500,000) can be dealt direct on main market. Please telephone for details. Physical withdrawal will only be available on 1,000-ounce bars, at a charge of 10% plus VAT (currently 15%). As always, if you have any questions or need any help, please contact us and we'll be happy to help. We'd also appreciate your feedback and comments ahead of the full launch to other BullionVault users. Browser problems are very unlikely, but please do let us know of any glitches. Kind regards, Paul Tustain Founder & CEO BullionVault Link to comment Share on other sites More sharing options...
Wanderer Posted December 1, 2009 Report Share Posted December 1, 2009 Dear BullionVault user, You can now buy, own and sell silver at BullionVault. We will be telling the wider world within the next few days, but since you have asked in the past, we want to give you first access. Here are the 5 facts you need to know to get started: #1. You Can Buy Today A stock of 1,000-ounces Good Delivery bars has been delivered to the London vault, and the silver market is open. There is no VAT sales tax to pay. #2. Dealing Commission Runs independent of gold, but is charged at the same rates. So you'll pay 0.8% on your first $30,000-worth of silver, 0.4% on the next $30,000 and so on, regardless of your gold holdings. #3. Custody Charges Are also independent of gold, but slightly higher because silver takes up more physical space in the vault. You'll pay 0.04% per month on the silver you hold (minimum $8 charge). The annual rate is 0.48%. #4. The Daily Audit Is being run on silver property, alongside gold, but we won't be publishing the silver part of the audit until the full official launch. Expect the first public silver audit on Monday 7th December. #5. Vaulting, Larger Deals & Withdrawal Silver is available in London only for the time being. Larger orders for one tonne or more (approx. $500,000) can be dealt direct on main market. Please telephone for details. Physical withdrawal will only be available on 1,000-ounce bars, at a charge of 10% plus VAT (currently 15%). As always, if you have any questions or need any help, please contact us and we'll be happy to help. We'd also appreciate your feedback and comments ahead of the full launch to other BullionVault users. Browser problems are very unlikely, but please do let us know of any glitches. Kind regards, Paul Tustain Founder & CEO BullionVault Great. Might not need that GM account now - can switch between metals at BV. I'll go take a looksie.... Link to comment Share on other sites More sharing options...
Wanderer Posted December 1, 2009 Report Share Posted December 1, 2009 Now just bought a kilo of silver! Do I win a prize? Link to comment Share on other sites More sharing options...
allyjcambo Posted December 1, 2009 Report Share Posted December 1, 2009 Possibility of $28 on a spike by April. http://www.greenenergyinvestors.com/index....st&p=140271 Thanks. Link to comment Share on other sites More sharing options...
G0ldfinger Posted December 1, 2009 Report Share Posted December 1, 2009 Now just bought a kilo of silver! Do I win a prize? Yes. Silver spiked up. Link to comment Share on other sites More sharing options...
allyjcambo Posted December 1, 2009 Report Share Posted December 1, 2009 Now just bought a kilo of silver! Do I win a prize? Just popped onto the site and can't see where I can buy silver. Any ideas Wanderer? Link to comment Share on other sites More sharing options...
TrueNorth Posted December 1, 2009 Report Share Posted December 1, 2009 I am waaay behind in my reading here, but man, silver's on FAHR! 76 cents today! holy schmoley Batman! Link to comment Share on other sites More sharing options...
Schaublin Posted December 1, 2009 Report Share Posted December 1, 2009 Now just bought a kilo of silver! Do I win a prize? Please let us know how you managed it - I cannot see any way of buying silver. Link to comment Share on other sites More sharing options...
G0ldfinger Posted December 1, 2009 Report Share Posted December 1, 2009 A little silver warning: I think it was in an interview on King World News that Jim Sinclair pointed out that he would re-assess his silver holdings once gold had reached $1,224. We're now $24 from that event. Sinclair indicated that he would possibly sell his holdings should the price underperform, which in his eyes was IIRC something below $21-$22 dollars. So, if more people have listened to this watch out. He could of course change his opinion based on momentum in silver etc. DISCLAIMER: I won't sell any of my silver holdings, no matter what Sinclair does. Link to comment Share on other sites More sharing options...
wren Posted December 1, 2009 Report Share Posted December 1, 2009 Please let us know how you managed it - I cannot see any way of buying silver. It seems that only select existing customers can see silver before the full public launch (as implied in the email). @Wanderer Is it possible to swap directly between silver and gold without going via a paper currency? Link to comment Share on other sites More sharing options...
warpig Posted December 1, 2009 Report Share Posted December 1, 2009 It doesn't look like it. It seems that only select existing customers can see silver before the full public launch (as implied in the email). @Wanderer Is it possible to swap directly between silver and gold without going via a paper currency? Link to comment Share on other sites More sharing options...
wren Posted December 1, 2009 Report Share Posted December 1, 2009 It doesn't look like it. At GoldMoney, although I haven't tried it yet, it's possible to swap metals directly which is cheaper than selling for cash and then buying the other metal. I'll look forward to seeing silver at BV when it is fully public next week. Link to comment Share on other sites More sharing options...
G0ldfinger Posted December 1, 2009 Report Share Posted December 1, 2009 A little silver warning: I think it was in an interview on King World News that Jim Sinclair pointed out that he would re-assess his silver holdings once gold had reached $1,224. We're now $24 from that event. Sinclair indicated that he would possibly sell his holdings should the price underperform, which in his eyes was IIRC something below $21-$22 dollars. So, if more people have listened to this watch out. He could of course change his opinion based on momentum in silver etc. DISCLAIMER: I won't sell any of my silver holdings, no matter what Sinclair does. Silver is also lagging according to this chart. http://gold.approximity.com/gold-silver_watch.html Possibly a reason for buying rather than selling. Link to comment Share on other sites More sharing options...
G0ldfinger Posted December 1, 2009 Report Share Posted December 1, 2009 Still on track in this chart: http://gold.approximity.com/since1985/Gold...Ratio_GUESS.png Link to comment Share on other sites More sharing options...
Jake Posted December 2, 2009 Report Share Posted December 2, 2009 Silver Britts push through 20 quid! (for UK buyers) Britannia 2008, 2 Pounds, 1 oz Silver 31.10 Gramm £13.81 £17.02 £19.57 Britannia 2009, 2 Pounds 2009, 1oz Silver 31.10 Gramm £14.15 £17.61 £20.25 English Rose, 1oz Silver 31.10 Gramm £12.66 £16.95 £19.49 Link to comment Share on other sites More sharing options...
Concrete Jungle Posted December 2, 2009 Report Share Posted December 2, 2009 £20 for a Britannia!! Not forgetting the increase in VAT due very soon. Link to comment Share on other sites More sharing options...
Jake Posted December 2, 2009 Report Share Posted December 2, 2009 £20 for a Britannia!! Not forgetting the increase in VAT due very soon. Fortunately that includes VAT. Or is that 'unfortunately'. BTW when is the VAT reverting back? (inthe UK) Link to comment Share on other sites More sharing options...
Concrete Jungle Posted December 2, 2009 Report Share Posted December 2, 2009 Fortunately that includes VAT. Or is that 'unfortunately'. BTW when is the VAT reverting back? (inthe UK) I think it is on 01/01/10 - must remember to top the car up on 31/12/09. Link to comment Share on other sites More sharing options...
Schaublin Posted December 2, 2009 Report Share Posted December 2, 2009 Just been chatting with a friend about how ridiculously cheap silver was back in 09 - an ounce of silver could be bought for the same amount as two packets of cigarettes!! Edit: Sorry, I realised I am on the 2009 thread not 2011! Link to comment Share on other sites More sharing options...
aardvark Posted December 2, 2009 Report Share Posted December 2, 2009 Just been chatting with a friend about how ridiculously cheap silver was back in 09 - an ounce of silver could be bought for the same amount as two packets of cigarettes!! Edit: Sorry, I realised I am on the 2009 thread not 2011! i agree - put in context silver is stupidly cheap. Link to comment Share on other sites More sharing options...
G0ldfinger Posted December 2, 2009 Report Share Posted December 2, 2009 i agree - put in context silver is stupidly cheap. +1. Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted December 2, 2009 Report Share Posted December 2, 2009 some great charts here: http://www.chartsrus.com/ Link to comment Share on other sites More sharing options...
VictorBroom Posted December 2, 2009 Report Share Posted December 2, 2009 I think it is on 01/01/10 - must remember to top the car up on 31/12/09. Looks like it. Link The standard rate of VAT was temporarily reduced to 15 per cent on 1 December 2008 and it will return to 17.5 per cent on 1 January 2010. Link to comment Share on other sites More sharing options...
G0ldfinger Posted December 4, 2009 Report Share Posted December 4, 2009 A little silver warning: ... I guess Sinclair just sold some. Link to comment Share on other sites More sharing options...
romans holiday Posted December 4, 2009 Report Share Posted December 4, 2009 Link to comment Share on other sites More sharing options...
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