So how do I join up with Max’s idea?

I watched the Keiser report last night and have to say I do like the man. He tell’s it straight and sticks his finger in the eye of the bankers and politicians. I’m not a rich man, but I do have some investments that I’d like to turn into something a little better.
So after watching Max last night I’d like to get into the silver markets in some way. What is the best way to approach it, I’m in the UK by the way. Should I look into shares, or is it better to buy the product itself and sit on your investment literally. Advice chaps please :-)

13 thoughts on “So how do I join up with Max’s idea?”

  1. Bruce

    You guys get charged 20% VAT;
    I’d be far less inclined to get into silver if the gov were getting in on the actoin like that.

    If that is no obstacle:
    * only get into it if you are OK with watching the price move violently up and down.
    * if charts entertain you, all the better
    * if I could do it again, I’d be selling at the peaks throughout the year, and buying again as it dips, but of course there is no guarantee of that happening again, but I still feel it’s pretty likely.
    * Silver really asn’t done much since late 2010 to mid-2011 unless you bought low and sold high(er); there has been some opportunity to make some decent returns, but again might not be worth the hassle and it’s all down to your particular risk appetite and investment.

    I have zero idea about the share market.

  3. Silverstool

    VAT on silver coins now too in UK.
    It’s supposed to be exempt as legal tender but recently HMRC has started demanding the VAT.
    Tough to see how phys can work in UK.
    Sprott’ fund or CEF?

  6. MirrorMirror

    In Germany , Gold bars and coins are VAT exempt.
    With Silver, it’s currently 19% VAT for bars and 7% VAT for coins.
    Guernsey is basically VAT free – i.e. there is no VAT there at all … on any goods IIRC.

    I could imagine that one could buy physical in any of those countries and leave it there for storage.
    i.e. thus avoiding “importing” it home.
    “Where” and “with whom” you store it is of course the next problem.
    German Bank Safes are pretty cheap and insured based on “size” , e.g. 20cm. x 50cm. x 10cm.

    The German Govt. wanted to increase VAT on Silver coins from 7% to 19% this year …
    … but has postponed it for now.

    Some Gold/Silver sellers even offer storage themselves :

    DEGUSSA : http://www.degussa-goldhandel.de/de/index.aspx

    PRO AURUM : http://www.proaurum.de/home/edelmetallshop.html

    FWIW

  7. snoop diddy

    if you don’t want the best option of having it in your hands, Peter Schiff likes to use Perth Mint and keep it there.

  10. leena

    Go to local coin shops and buy one ounce silver eagles or silver maples. If you want
    volume go to Mike Maloney’s site: GoldSilver.com. You can buy and sell to them or
    Independent Living Bullion does the same @ 1800-800-1865 or IndependentLivingBullion.com. Or, you can buy from Max. Mike Maloney says “if you don’t
    hold it, you don’t own it”. Start stacking!!!!Leena

  11. SAO

    Good info everyone. That’s what makes this site one of a kind. Amazing team work. We are all in this together. Thanks you all.

  13. I_Cant_Believe_Its_Just_a_Dip

    Get yer dog to sit on it in his basket, Matt, then he can guard it, ain’t no one gonna mess with him :-)

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