We are pleased to announce that W Y Argent will be at the Gold & Silver Investment Summit on the 8th November 2010 at Park Plaza Victoria, London Hotel, 239 Vauxhall Bridge Road SW1V 1Q

This will be a great oportunity to meet us and chat all about physical gold & silver, we will have some bullion to purchase on the day as well, along with the possibility of placing any bullion orders for  investments you may wish to make. 

We now have Gold Sovereigns in stock of various condition and years. They contain 7.32 grams of fine gold in a coin weighing 8 grams. Gold Sovereigns are probably the most liquid form of investment gold you can possess in the UK, as they are widely recognized and easily traded back into cash when needed, there is no VAT to pay. Gold Sovereigns minted after 1837 are also legal tender (with a nominal value of 1 pound sterling). HMRC information on Capital Gains Tax in regard these Gold Sovereigns can be seen HERE

These great coins really are gold as money.

Recently an electronic petition to remove VAT from silver was submitted to No 10 by a Lyn Nash, you can see it HERE: However it did not gain much momentum, (I think during the general election petitions were closed), and was only supported by about 27 signatures. The other problem with petitions to No10 is that, as I have mentioned in an earlier post, since 1973 our government does not have the power to extend the zero rate of VAT to new categories, such a decision would have to come from the EU parliament. (It was in fact an EU decision that instructed the UK to remove VAT on investment gold in 1999, which also coincides with the start of this current bull market in gold). We at WY Argent along with the organizers of the Gold & Silver Summit are about to launch a Europe wide petition to remove VAT from investment silver, which will certainly be a David and Goliath situation, I seem to remember however that David won that battle, so we must not shrink back.

We will post more info about where this mass petition can be found shortly, but in the mean time individual citizens of the EU can submit an individual petition to the EU HERE, if enough people begin to do this as well, maybe with our nagging we can change the mind of the EU and get some justice on our money, just like the widow in Luke 18: 1-6, when she nagged the unjust judge to get justice and got it purely through her nagging! Not because the judge had a change of heart!

Victory

Why should fine silver bullion even have VAT? Why not go down the same path of taxing the less pure just like it is on 22 carat gold (apart from Krugerrands and sovereigns). There should be an allowance for fine silver bars and coins and a tax on the 925 silver, that seems more reasonable. If the silver was going to be used other than an investment, well then that company should declare how much silver they have bought. it would not even matter because they would be able to claim the tax back and include it in the product. And in all fairness the mass producers of electronics, photography or even jewellery are not even carried out in this country so how is the tax justified?

999 silver is mainly used for investment purposes it should have the same standing as gold, since, even the world bullion masters (LBMA) recognize it as bullion, in fact, I never see platinum fixed twice daily! why is this? is it because silver is money? and platinum is not? interesting wouldn’t you agree? that the only fixes the LBMA are interested in are the gold and silver fix.

Maybe this could be a petition to only tax 925 silver.

With the Chancellor announcing a hike in VAT to 20% in the new year, this will make investing in physical silver bullion only for the really committed. The spread (the difference between buying a piece of bullion and selling the same piece to a dealer) is already very high for silver, and is now set to go further.

e.g. spot = £400/kg, dealer buys at 98% of spot £392, dealer is selling at approx £550 including mark ups (and about £80 vat) so the spread here is £550-£392 = £158 about 39% of the spot price!! So if you buy a kilo of silver today, just to get your investment back, the price is going to have to move up about 39%.

Now all that might seem like a good reason not to invest in silver! but over the last year silver has risen 38% and over the past 5 years it has risen 161% !!! (check out http://silverprice.org/silver-price-history.html) So even in the face of continued government onslaught, silver bullion has been, and in my opinion, will continue to be an excellent way to save and accrue wealth.

Here at W Y Argent we will continue to bang the drum against vat on silver, and do our bit to show silver is money, as it has been for about 5000 years.

Buy Gold Bullion Bars | Buy Silver Bullion Bars | Buy Gold Bullion Bars | Buy Silver Bullion Bars

From W Y Argent.com call 02089 077 077

Buy Gold Bullion Bars | Buy Silver Bullion Bars | Buy Gold Bullion Bars | Buy Silver Bullion Bars

From W Y Argent.com call 02089 077 077

Buy Gold Bullion Bars | Buy Silver Bullion Bars | Buy Gold Bullion Bars | Buy Silver Bullion Bars

From W Y Argent.com call 02089 077 077

Do it

Just to confirm what is said on our web site, that each Gold Rose will come with an assay certificate from The Sheffield Assay Office, showing that our roses are indeed FINE 99.9% INVESTMENT GOLD!

Buy – Own – Enjoy – Save – Invest

Our half troy ounce  Fine Gold Roses are now in stock.

These little beauties retail at gold price + 7%

For full info check out our “Specification” page.

“Wealth gotten by vanity shall be diminished: but he that gathereth by labour shall increase.”

I was reading some literature on fiat currency and it reminded me of this scripture from proverbs. you can only create true wealth from hard work, any other way will not stand, such as fractional reserve, digital, out of thin air, no work required money. Today we are seeing the effects of “wealth gotten by vanity” certainly diminishing and the only real way to heal the situation is for honest weights of gold and silver (that people have worked hard for) to be re established as units of money.

Yes the VAT on investment silver is a problem in Europe, and sadly the UK government is NOT ALLOWED (!!) to extend the zero rates or introduce new zero rates! And this has been the case since power to govern the country began to be handed over to the Roman, sorry European empire from 1973 onwards.
However it is worse than described here because the VAT on silver is NOT equal across Europe nor is it equal within the UK! In Germany legal tender silver bullion coins such as American Eagles get charged at less than half the German VAT rate 7% instead of 19%.
And if you are a member of the VERY EXCLUSIVE LBMA you can enjoy buying and selling silver at 0% (YES ZERO % !!) VAT.
Alas for the rest of us surfs in the UK we have to cough up 17.5% extra on our investment as a thank you to the Nice Government Men for being, well Nice Government Men.
So if you buy an ounce of physical silver today at £11.42 in the form of one of our Silver Roses + our mark up + manufacture + government mark up, means your ounce will cost £16.52 – 44.66% over metal price. (Though buying larger amounts will reduce the mark up and bars are cheaper)
So silver is definitely a longer term investment