VAT-free Silver bars (Offshore storage)
from: £5,000.00 – £100,000.00
|Price per item||VAT||Gross price|
VAT-free silver bars will be bought at the London Silver fixing +17% on the day funds clear to as near to your purchase value as possible. We may purchase various size bars from 1kg to 100oz to fulfil your order.
Silver has traded for thousands of years alongside gold. However, retail investment in silver is many years behind gold in its development. We’ve seen a growing trend towards silver over the past 5 years as more investors to realise the benefits of silver.
Many are attracted by the fact that is the most conductive of all metals, silver is extensively used in electronics. The digital age is creating new technologies every year, which in turn increases the industrial demand for silver. With silver trading at around eighty times cheaper than gold, it also seems very undervalued, meaning investors can purchase the metal at bargain prices. Historically this ratio has been closer to 15:1.
Silver and VAT
However, unlike investment-grade gold, silver doesn’t benefit from a VAT exemption. Despite the additional 20% on the price, demand for silver coins and silver bars has been growing steadily. This product is designed to create the opportunity of buying physical silver bars, without paying the VAT.
Purchasing a quantity of silver bullion through us will mean you own allocated investment bars, stored offshore in professional vaults and fully insured. Because the bars don’t come onto the UK mainland, you as the buyer are not liable to pay VAT. You receive a certificate of authenticity, statement of account, and a storage agreement, which provides you with legal ownership of the bars. As they’re segregated from everyone else’s silver, your holding is completely ring-fenced and secure.
Why Silver Bars
With silver so cheap, the relative cost of production of a 1oz silver coin is far higher than that for gold. Therefore, the premiums to buy silver coins are far greater than the equivalent gold coins. Buying silver bullion enables the investor to purchase much larger increments of silver, thus lowering the markup on each piece of silver. Buying silver bars will reduce the cost compared to buying the same quantity in silver coins.
Our expert opinion
Due to the paperwork and logistics involved in storing your silver offshore, the minimum purchase amount is £5,000. If you’re just starting in silver investment or have more modest means, then purchasing silver coins may be a more viable option. Investing in VAT-Free silver coins can start from around £100, and you’ll be able to receive these direct to your door. If this route appeals, we think you can’t go wrong with Silver Britannias which are also Capital Gains Tax free.
However, if you’re seeking value for money, the silver bars offer the most silver for your investment.
Silver is more difficult to store than gold due to the larger quantity you get for your money. With our silver bullion product, this is all done for you. If it’s ease and peace of mind you seek, then VAT-Free silver bars tick that box.
With the growing trend for investing in silver, this can be a very easy way to get started. In our opinion silver represents an opportunity for greater returns than gold, however, it is also more volatile. Your choice between buying silver and gold may come down to your risk appetite and objectives. Purchasing a mix of both precious metals is our recommendation to achieve a balanced precious metals portfolio.
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