Is buying silver bars a good investment?
Buying silver bars is a great way to diversify your investment portfolio and save money on premiums. Silver bars are more affordable for the average investor, meaning that those who can’t afford to buy gold can easily enter the precious metals market and create their safe-haven asset portfolio.
Silver Bar Weights
When buying silver bars, you can be flexible with your investment. We stock the following silver bar weights:
● 100g silver bars
● 10oz silver bars
● 1kg silver bars
● 1oz silver bars
● 250g silver bars
● 500g silver bars
● 5kg silver bars
● 5oz silver bars
Should I buy silver bars or coins?
Silver coins offer more flexibility when selling at a later date because they are easier to trade, making them a popular choice for new and experienced investors alike. However, for large investors looking to keep premiums minimal, it is advisable to buy silver bars because they offer the most silver bullion weight for flat currency.
Is there VAT on silver bars?
All new silver bullion is subject to VAT. You will not be able to reclaim this VAT when you sell the goods unless you have purchased the Silver through a VAT registered business.
VAT is not charged for purchases from outside of the EU or if you have supplied a European VAT number. In both of these circumstances we are obliged to ship the goods to your foreign address, collection will not be possible.
VAT may not be charged on certain pre-owned silver coins if they comply with the UK Governments Margin Scheme.
VAT will be charged on pre-owned silver coins if we have purchased them from A VAT REGISTERED BUSINESS, we must pay VAT and we must then charge VAT.
VAT will always be charged on silver rounds and bars as they are not classed as coins and as such they are not “Collectable” and do not comply with the Margin Scheme legislation.