Silver
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Silver
Well, silver bullion to be exact.
There is much talk of another crash, like 2008 (2007) Yes, yes, I know it might all be rumour and bunkum but hey ho!
So, I was looking to put some cash/shares out of harms way, well as much as can be...
I am no financial wizard, far from it but I have been drawn to buying some silver bullion in Singapore.
As, we have many people he with great knowledge, i wondered if some might like to share a little.
PM's also an option if it is more favourable, although i do think others might like to understand to pros and cons of such a venture.
Many thanks
Ed
There is much talk of another crash, like 2008 (2007) Yes, yes, I know it might all be rumour and bunkum but hey ho!
So, I was looking to put some cash/shares out of harms way, well as much as can be...
I am no financial wizard, far from it but I have been drawn to buying some silver bullion in Singapore.
As, we have many people he with great knowledge, i wondered if some might like to share a little.
PM's also an option if it is more favourable, although i do think others might like to understand to pros and cons of such a venture.
Many thanks
Ed
Nothing but an opinionated tourist. The Pope spends more time in countries than I do ! It is also not my place to comment on a gentleman's dress. A real 23 minute wonder, that obviously knows little about ovens and cooking in Cambodia.
Whatever you choose to buy, make sure it's physical in your hand silver or gold. I've seen so many oversell scams of gold and silver that I don't even bother considering them.
Reckless driving cucumber - 成
- springrain
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I trade on the price movements of metals as I find them to be (if I may coin my own phrase) 'predictably volatile,' which is a trader's dream. Silver tends to, though not always. follow Gold, so can be used as a useful hedge, should the need arise.
As regards the buying of bullion, I'm afraid I can't offer much.
Btw, good to see you back, Ed.
As regards the buying of bullion, I'm afraid I can't offer much.
Btw, good to see you back, Ed.
'History is a set of lies agreed upon.'
Attributed to Napoleon
Attributed to Napoleon
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Paper or Physical?
I was looking at Silver Bullion in Singapore. Here your purchase can be delivered of held there, they can store it in their vaults for up to two years, included within the purchase charge.
Singapore and Estonia both allow purchases of silver to be made free of VAT and CGT, so making it appear an attractive option, compared to purchases made here (UK) for example.
Do you folk think this is potentially dodgy/scam or ok, your thoughts appreciated.
Thanks for your replies so far
I was looking at Silver Bullion in Singapore. Here your purchase can be delivered of held there, they can store it in their vaults for up to two years, included within the purchase charge.
Singapore and Estonia both allow purchases of silver to be made free of VAT and CGT, so making it appear an attractive option, compared to purchases made here (UK) for example.
Do you folk think this is potentially dodgy/scam or ok, your thoughts appreciated.
Thanks for your replies so far
Nothing but an opinionated tourist. The Pope spends more time in countries than I do ! It is also not my place to comment on a gentleman's dress. A real 23 minute wonder, that obviously knows little about ovens and cooking in Cambodia.
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Buy physical silver. Paper is Paper. No tax on gold or silver bullion in Canada, look into buying it in Canada. If the Apocalypse happens, you dont wanna have to try and find your way to Singapore to get your metal with some pieces of paper in hand.
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So, basically buying through a company in Singapore, who offers up to 2 years free storage and tax free purchase and sale, is basically a potentially risky way to do things?
Shame really it was an ideal option for me, with my current lifestyle
Hey Ho!
Shame really it was an ideal option for me, with my current lifestyle
Hey Ho!
Nothing but an opinionated tourist. The Pope spends more time in countries than I do ! It is also not my place to comment on a gentleman's dress. A real 23 minute wonder, that obviously knows little about ovens and cooking in Cambodia.
Why would you buy an asset that doesnt generate an income? I hope such an investment would comprise only a small part of your portfolio. I've seen too many people get caught up in metal mania, only for it to hurt them badly.
A hedge against future currency inflation perhaps, but not a hedge against a stock market collapse. Silver prices fell during the global economic crisis of '08-'09, then soared from mid 2009 to 2011, just like stocks did, except stock indexes are again at all time highs while silver has been on on a gradual downward trend.springrain wrote: Silver tends to, though not always. follow Gold, so can be used as a useful hedge
I'd stay away at these levels. It's dead money until it pops, and even then you have to get out at the right time.
"The final straw actually involved my mortal enemy vladimir, who you may or may not know is an insufferable, overposting asshat."
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I really want it to offer me some protection (hedge) from a potential crash in the general market.Marmite wrote:Why would you buy an asset that doesn't generate an income? I hope such an investment would comprise only a small part of your portfolio. I've seen too many people get caught up in metal mania, only for it to hurt them badly.
I have other investments but i thought this might be a good place to put some, just in case as Brexit unravels, if it results in a currency/shares crash.
Like I say, I am more of a squirrel, than a financial wizard, so i like to base my decisions no single source but on a wide range of information and have always found that buried amongst the membership of K440 are some folk who are financially more savvy
Nothing but an opinionated tourist. The Pope spends more time in countries than I do ! It is also not my place to comment on a gentleman's dress. A real 23 minute wonder, that obviously knows little about ovens and cooking in Cambodia.
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So could you just clarify on this point.
Silver Bullion, a Singapore based company, not a bank, sells you Gold or Silver and will hold it as physical bullion numbered etc...
Legally, this belongs to you and is just held in their custody.
Singapore has a great reputation, built on trust, rather like Switzerland.
Government regulation and control is very tight and sold bullion is physically into the clients holding vault.
I would welcome your thoughts on this type
Silver Bullion, a Singapore based company, not a bank, sells you Gold or Silver and will hold it as physical bullion numbered etc...
Legally, this belongs to you and is just held in their custody.
Singapore has a great reputation, built on trust, rather like Switzerland.
Government regulation and control is very tight and sold bullion is physically into the clients holding vault.
I would welcome your thoughts on this type
Nothing but an opinionated tourist. The Pope spends more time in countries than I do ! It is also not my place to comment on a gentleman's dress. A real 23 minute wonder, that obviously knows little about ovens and cooking in Cambodia.
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As long as you don't have it in your hands, they can make whichever promises they want. Singapore or USA or England, it's the same. When shit will hit the fan and you'll ask to get physical delivery of what's supposedly yours, you may end up in a : "Sorry Sir, our offices are currently closed" or "We had to give out your property but don't panic, we will give you what belongs to you next month with an extra 10% "
Best choice is, get the real physical silver or gold and stash it by yourself
If it is impossible and you really want to work with one of these "storage" companies, go there by yourself, buy what you need and then keep it in a safe at the storage facility (same can be done in a bank)
Last option is : buy silver or gold online, with a promise of delivery (what are the fees? how long does it take to get the stuff? do they deliver where you live? what if the customs are holding the parcel?
I've been using bullionvault a little bit, they can deliver too, they have daily certifications of the amount of gold/silver in their safes, but well...
Best choice is, get the real physical silver or gold and stash it by yourself
If it is impossible and you really want to work with one of these "storage" companies, go there by yourself, buy what you need and then keep it in a safe at the storage facility (same can be done in a bank)
Last option is : buy silver or gold online, with a promise of delivery (what are the fees? how long does it take to get the stuff? do they deliver where you live? what if the customs are holding the parcel?
I've been using bullionvault a little bit, they can deliver too, they have daily certifications of the amount of gold/silver in their safes, but well...
Why would I care? I'm Khmer
- springrain
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Legally, nothing 'belongs to you,' mate. The Societies have made the 'Laws' such as there is no 'legal' entitlement, save that which 'exists' under the 'Laws of the Sea'.EdinWigan wrote: Legally, this belongs to you and is just held in their custody.
I would welcome your thoughts on this type
Believe me, Ed, this is the way - the operations under 'Maritime Law'. Those are the 'Laws,' which we 'serve' under. I shall explain more on July 4th.
In the meantime, good luck in your inquiries! (Even the words 'enquiry' & 'inquiry' have hidden meanings.) Believe me, Ed, this is true. (As are the words 'Esquire' & 'esquire'.)
Good luck, again.
'History is a set of lies agreed upon.'
Attributed to Napoleon
Attributed to Napoleon
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